the required certification by an rma is as … · the required certification by an rma is ... * to...

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 theaccompanying Annual Financial Statement from the books of account and records madeavailable to me by the Township of Bernards asof December 31, 20 16 and have applied certain agreed-upon procedures thereon as prom-ulgated by the Division of Local Government Services, solely to assist the Chief FinancialOfficer in connection with the filing of the Annual Financial Statement for the year thenended as required by N.J.S. 40A:5-12, as amended.

Because the agreed-upon procedures do not constitute an examination of accounts made inaccordance with generally accepted auditing standards, I do not express an opinion on any ofthe post-closing trial balances, related statements and analyses. In connection with theagreed-upon procedures, (except for circumstances as set forth below, no matters) or (nomatters) [eliminate one] came to my attention that caused me to believe that the AnnualFinancial Statement for the year ended 2016 is not in substantial compliance with the re-quirements of the State of New Jersey, Department of Community Affairs, Division of LocalGovernment Services. Had I performed additional procedures or had I made an examinationof the financial statements in accordance with generally accepted auditing standards, othermatters might have come to my attention that would have been reported to the governingbody and the Division. This Annual Financial Statement relates only to the accounts anditems prescribed by the Division and does not extend to the financial statements of the munici-pality/county, taken as a whole.

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

(Registered Municipal Accountant)

(Firm Name)

(Address)

(Address)

(Phone Number)

Certified by me (Email)

This day of 2017 (Fax Number)

Sheet 1a

Federal ProgramsExpended State Other Federal

(administered by Programs Programsthe State) Expended Expended

Drug-Free Communities Grant (USDOJ) F -

US CDC Community Deer Reduction F -

Federal Body Armor Grant F -

NJOEM/FEMA Energy Allocation Grant F 235,341.62

Hepatitis B Grant S 65.00

NJDHTS "Drive Sober or Get Pulled Over" S 3,773.02

NJDHTS "Distracted Driver Crackdown" S -

Drunk Driving Enforcement Fund S 1,036.76

Emergency Management Services S 7,000.00

NJ Body Armor Fund S 7,028.70

NJDHTS "Click it or Ticket" S -

NJDEP Recycling Tonnage Grant S 38,210.13

NJDEP Clean Communities S 72,873.14

NJDEP Hazard Mitigation Grant S 25,000.00

NJDHTS "Safe Passage" S -

ALA - Muslim Journeys S -

Library LINKNJ Mobile Project S -

Somerset County Municipal Alliance S 18,981.40

Somerset County Cultural - Plays in the Park C 3,500.00

Somerset County Youth Svcs. Commission C 6,358.32

Somerset County Cultural - Lyons Train Station C 10,997.75

Somerset County Cultural - Lyons Canopy C 5,100.00

235,341.62 199,924.22 -

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

POST CLOSING TRIAL BALANCE - CURRENT FUND

AS AT DECEMBER 31, 2016

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

Title of Account Debit Credit

ASSETS:

Cash - Treasurer 22,397,079.72

Change Funds 565.00

Deferred Charges to Future Taxation - Emergency Appropriation 0.00

Receivables and Other Assets with Full Reserves:

Taxes Receivable - 2016 474,875.29




Taxes Receivable Total 481,011.10

Tax Title Liens Receivable 39,660.09

Interfund Receivable 135.27

Advance to Payroll Account 25,000.00

Revenue Accounts Receivable 21,670.56

Property Acquired for Taxes 195,100.00

Due From Grant Fund 148,317.01

Total Debits/Credits Th 23,308,538.75

(Do not crowd - add additional sheets)

Sheet 3


POST CLOSING TRIAL BALANCE - CURRENT FUND (CONT'D)


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


LIABILITIES, RESERVES AND FUND BALANCE:

Appropriation Reserves 2,150,362.82 c

Other Liabilities and Reserves:

Amt Due to State of NJ for Senior Citizens' and Vet Deduct. 22,917.86 c

Reserve for Encumbrances 1,426,638.10 c

Tax Overpayments 0.00 c

Prepaid Taxes 868,187.82 c

Outside Liens 132.91 c

Amt Due to State of NJ - Marriage Lic / Domestic Part. Fees 1,217.00 c

Amt Due to State of NJ - DCA Training Fees 21,474.00 c

Amt Due to State of NJ - Burial Permit 15.00 c

Amt Due to Federal and State Grants Fund 0.00 c

Amt Due to Affordable Housing Trust Fund 0.00 c

Premium on Sale of Tax Title Lien 389,800.00 c

Reserve for Sale of Municipal Assets 253,804.06 c

Reserves for Landfill Solar 450,000.00 c

Reserves for Private Grants Appropriated:

Recreation Donations 14,319.81 c

Health Prevention Programs 3,519.05 c

Police - D.A.R.E. 1,066.07 c

Police Programs 6,720.28 c

Tree Replacement Program 114,462.32 c

Employee Recognition 4,480.32 c

Street Signage in Hills Development 13,550.00 c

Total Debits/Credits This Page 0.00 5,742,667.42

Sheet 3a


POST CLOSING TRIAL BALANCE - CURRENT FUND (CONT'D)


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


LIABILITIES, RESERVES AND FUND BALANCE (continued):

Reserves for Private Grants Appropriated (continued):

Police Equipment Donations 20,722.21 c

Animal Control Programs - Dr. Hollo Donation 1,700.00 c

Tree Arboretum 1,500.00 c

Memorial Tree Program 2,369.20 c

Police - Community Policing Donations 3,811.35 c

Crystal Ridge Maintenance 5,229.07 c

Green Initiatives 32,700.00 c

Reserves for Private Grants Unappropriated:

Police - Equipment Donations 2,665.00 c

Memorial Tree Program 4,000.00 c

Green Initiatives 10,800.00 c

Recreation Donations 2,455.00 c

Police Programs 0.00 c

Employee Recognition 1,000.00 c

Tree Replacement Program 60,300.00 c

Reserves for Bernards Township Library

Library Bequests 168,944.41 c

Library Accumulated Reserves 1,046,627.26 c

Total Cash Liabilities = 7,107,490.92

Reserve for Receivables 910,894.03

Fund Balance 15,290,153.80

Total Debits/Credits 23,308,538.75 23,308,538.75

Sheet 3b

POST CLOSING TRIAL BALANCE - PUBLIC ASSISTANCE FUND

Accounts #1 and #2* AS AT DECEMBER 31, 2016


Public Assistance Trust Fund #1

Cash - Treasurer 10,000.00

Reserve for Public Assistance Expenditures 10,000.00

10,000.00 10,000.00


* To be prepared in compliance with Department of Human Services Municipal Audit Guide,

Public Welfare, General Assistance Program.

Sheet 4

POST CLOSING TRIAL BALANCE - FEDERAL AND STATE GRANTS



Federal and State Grant Fund:

Federal and State Grants Receivable 630,088.77

Amount due from Current Fund

Appropriated Reserves 417,614.72

Reserve for Encumbrances 53,859.24

Unappropriated Reserves 10,297.80

Amount due to Current Fund 148,317.01

Total Debits/Credits 630,088.77 630,088.77


Sheet 5

POST CLOSING TRIAL BALANCE - TRUST FUNDS

(Assessment Section Must be Separately Stated)



Animal Control Fund


Change Fund 25.00

Amount Due to NJ Department of Health 1.80

Amount Due Current Fund 0.38

Reserve for Expenditures 6,220.26

Prepaid Licenses 4,328.00

Other Trust

Cash - Treasurer 6,191,367.81

Reserve for Developer's Escrow 2,470,250.10

Reserve for Snow Removal 564,908.09

Reserve for Library State Aid 11,596.00

Reserve for Recycling Expenditures 133,939.12

Reserve for Public Defender 625.00

Reserve for Accumulated Sick Leave Expenditures 576,510.56

Reserve for Uniform Fire Safety Act Penalties 4,971.15

Reserve for Parking Offenses Adjudication Act 336.00

Reserve for Municipal Alliance 21,546.08

Reserve for Affordable Housing 1,166,196.29

Reserve for Unemployment Compensation 116,009.84

Reserve for Self Insurance 572,553.77

Reserve for Municipal Open Space Fund 247,497.15

Reserve for County Environmental Health Act 8,421.42

Reserve for Forfeited Asset Trust Fund 18,933.36

Reserve for Recreation 22,281.11

Reserve for Landfill Closure 54,303.77

Reserve for Payroll Deductions Payable 110,443.86

Due Current Fund - Payroll Advance 25,000.00

Due BTSA - Payroll Advance 65,000.00

Amt. Due Current Fund - Trust 40.07

Amt. Due Current Fund - Payroll 5.07

Total Debits/Credits 6,201,918.25 6,201,918.25

Sheet 6

AmountDec. 31, 2015 Balance

per Audit as atPurpose Report Receipts Disbursements Dec. 31, 2016

1. Reserve for Developer's Escrow $ 1,786,374.74 $ 2,172,030.18 1,488,154.82 $ 2,470,250.10

2. Reserve for Snow Removal 569,903.93 - 4,995.84 564,908.09

3. Reserve for Library State Aid 11,655.00 11,596.00 11,655.00 11,596.00

4. Reserve for Recycling Expenditures 189,072.87 221,076.18 276,209.93 133,939.12

5. Reserve for Public Defender 0.00 5,133.00 4,508.00 625.00

6. Reserve for Accumulated Sick Leave Expenditure 747,448.65 72,726.78 243,664.87 576,510.56

7. Reserve for Uniform Fire Safety Act Penalties 3,120.15 2,850.00 999.00 4,971.15

8. Reserve for Parking Offenses Adjudication Act 254.00 82.00 - 336.00

9. Reserve for Municipal Alliance 21,712.89 9,344.24 9,511.05 21,546.08

10. Reserve for Affordable Housing 1,108,195.87 253,871.80 195,871.38 1,166,196.29

11. Reserve for Unemployment Compensation 57,251.92 69,925.29 11,167.37 116,009.84

12. Reserve for Self Insurance 576,475.31 38,165.72 42,087.26 572,553.77

13. Reserve for Municipal Open Space Fund 513,205.02 2,743,516.13 3,009,224.00 247,497.15

14. Reserve for County Environmental Health Act 8,371.42 1,300.00 1,250.00 8,421.42

15. Reserve for Forfeited Asset Trust Fund 18,919.60 13.76 - 18,933.36

16. Reserve for Recreation 17,340.85 63,845.00 58,904.74 22,281.11

17. Reserve for Landfill Closure 59,645.17 79.06 5,420.46 54,303.77

18. Reserve for Payroll Deductions Payable 134,058.57 16,138,824.57 16,162,439.28 110,443.86

19. 0.00

20. 0.00

21. 0.00

22. 0.00

23. 0.00

24. 0.00

25. 0.00

26. 0.00

27. 0.00

28. 0.00

29. 0.00

30.

Totals: $ 5,823,005.96 21,804,379.71 21,526,063.00 $ 6,101,322.67

Schedule of Trust Fund Reserves

Sheet 6b

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

Title of Liability to which Cash

and Investments are Pledged

Assessment Serial Bond Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX

Assessment Bond Anticipation Note Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX

Sheet 7

Other Liabilities

Trust Surplus

Less Assets "Unfinanced" XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX

Dec. 31, 2015

Assessments

and Liens

Balance

RECEIPTS

Disbursements

Audit

Balance

Dec. 31, 2016

Current

Budget

Sheet 7

POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND



Est. Proceeds Bonds and Notes Authorized 0.00 XXXXXXXX XX

Bonds and Notes Authorized but Not Issued XXXXXXXX XX 0.00

CASH - TREASURER 4,606,714.29

STATE/COUNTY AID RECEIVABLE 43,750.00

DEFERRED CHARGES TO FUTURE TAXATION - FUNDED 2,785,000.00

DEFERRED CHARGES TO FUTURE TAXATION - UNFUNDED

SERIAL BONDS 2,785,000.00

BOND ANTICIPATION NOTES

IMPROVEMENT AUTHORIZATIONS:

FUNDED 1,957,927.52

UNFUNDED

RESERVE FOR ENCUMBRANCES 1,902,416.48

CAPITAL IMPROVEMENT FUND 605,365.54

AMOUNT DUE TO CURRENT FUND 89.75

RESERVE FOR PRELIMINARY EXPENSES 100.00

RESERVE FOR OFF-TRACT TRANSPORTATION 140,815.00

RESERVE FOR OFF-TRACT DRAINAGE 0.00

RESERVE FOR STATE/COUNTY AID RECEIVABLE 43,750.00

FUND BALANCE 0.00

Grand Totals 7,435,464.29 7,435,464.29


Sheet 8

CASH RECONCILIATION DECEMBER 31, 2016 (cont'd. LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"

Peapack-Gladstone Bank 5756481 (Current) 1,413,050.21

Peapack-Gladstone Bank 400145778 (Current-NEW) 9,495,707.92

Peapack-Gladstone Bank 5756537 (Payroll) 167,959.11

Peapack-Gladstone Bank 5756529 (Dog) 9,565.87

Peapack-Gladstone Bank 5756502 (Trust-Other) 466,070.25

Peapack-Gladstone Bank 5756545 (Capital) 2,203,900.71

Peapack-Gladstone Bank 5756510 (Golf Utility) 105,617.40

Peapack-Gladstone Bank Money Market 400015332 (Current) 513,587.37

PNC CD 31200251865 (Landfill Closure Escrow) 54,293.39

Peapack-Gladstone Bank 00-320769 (Trust Other - Dev. Esc.) 1,204,703.18

Bank of Amer 1911168005 (Trust Other - Quarry) 873,009.31

-

Lakeland Bank 661401661 (Current) 7,170,620.44

State of N. J. Cash Management Fund #71625 (Current) 4,161,900.15

State of N. J. Cash Management Fund #71625 (Capital) 2,402,813.58

State of N. J. Cash Management Fund #71625 (Trust) 714,075.14

State of N. J. Cash Management Fund #71625 (Dog) 959.57

State of N. J. Cash Management Fund #71625 (Self Ins.) 572,553.77

State of N. J. Cash Management Fund #71625 (U.C.I.) 116,009.84

State of N. J. Cash Management Fund # 71625 (Accumulated Absence) 576,510.56

State of N. J. Cash Management Fund #71625(Pub. Asst.) 10,000.00

State of N. J. Cash Management Fund #71625(Golf Utility) 5,779.81

State of N. J. Cash Management Fund #105961(Open Space) 247,497.15

State of N. J. Cash Management Fund #94919(Aff.Housing) 1,166,196.29

33,652,381.02

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

Sheet 9a

From Grants CancelledGrant Unappropriated

NJDHTS "Drive Sober or Get Pulled Over" 5,000.00 - 4,117.26 - 882.74

NJDHTS "Safe Passage" 725.00 - 725.00 - -

Somerset County Municipal Alliance 38,414.00 19,038.04 41,764.01 15,688.03

NJDHTS "Distracted Driving Crackdown" - - - - -

NJDHTS "Click it or Ticket" - - - - -

NJDEP Hazard Mitigation Grant - 25,000.00 25,000.00

NJOEM - Energy Allocation Grant 250,000.00 250,000.00

Somerset County Cultural and Heritage Grant--Plays - 4,000.00 4,000.00 -

NJDEP Clean Communities Program - 67,855.86 67,855.86 -

Emergency Management Funding - 7,000.00 7,000.00 -

NJ Body Armor Grant - 3,699.38 3,699.38 -

NJDHSS Hepatitis B - 345.00 345.00 -

Recycling Tonnage Grant - 38,210.13 38,210.13 - -

Somerset County Youth Services Comm. - 10,000.00 10,000.00 -

Federal Body Armor Grant - 1,786.64 1,786.64 -

Somerset County Cultural and Heritage Grant--Lyons Train St 3,438.00 - - 3,438.00

Somerset County Cultural and Heritage Grant--Lyons Canopy 96,580.00 - 96,580.00

Drunk Driving Enforcement Fund - 3,646.90 3,646.90 -

Matching Funds for Municipal Alliance Grant - 4,759.51 4,759.51 -

Sustainable Jersey - GPS Sander Control Grant - 30,000.00 15,000.00 15,000.00

NJ DOT Municipal Aid Grant - 223,500.00 223,500.00

Totals 394,157.00 438,841.46 189,431.77 13,477.92 - 630,088.77

FEDERAL AND STATE GRANTS RECEIVABLE MUNICIPALITIES AND COUNTIES

Sheet 10

Realized

Received BalanceDec. 31, 2016

BalanceJan. 1, 2016

2016 BudgetRevenue

Sheet 10

SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS

Encumbered CancelledGrant

Drug-Free Communities Grant (USDOJ) - F - -

US CDC Community Deer Reduction - F -

Federal Body Armor Grant 894.00 1,786.64 F 2,680.64

NJOEM/FEMA Energy Allocation Grant 235,341.62 F 235,341.62 - -

Hepatitis B Grant 4,319.33 345.00 S 65.00 - 4,599.33

NJDHTS "Drive Sober or Get Pulled Over" 4,655.76 - S 3,773.02 - - 882.74

Sheet 11 NJDHTS "U Drive, U Text, U Pay" - - S - - -

Drunk Driving Enforcement Fund 1,210.36 3,646.90 S 1,036.76 3,820.50

Emergency Management Services - 7,000.00 - S 7,000.00 -

NJ Body Armor Fund 7,136.13 3,699.38 S 7,028.70 - 3,806.81

NJDHTS "Click it or Ticket" - - S - - -

NJDEP Recycling Tonnage Grant - 38,210.13 S 38,210.13 -

NJDEP Clean Communities 5,272.28 67,855.86 S 72,873.14 255.00 -

NJDCA Domestic Violence Grant - S - -

NJDHTS "Safe Passage" - - S - - -

- S -

Total This Sheet 258,829.48 54,688.05 67,855.86 - 365,328.37 255.00 - 15,790.02

Transferred from 2016 Budget Appropriations

Budget AppropriationBy 40A:4-87

Expended BalanceDec. 31, 2016

BalanceJan. 1, 2016

Sheet 11

SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS (cont.)

Encumbered CancelledGrant

NJ State Library - Healthy Acquisition 0.80 S - 0.80

ALA - Muslim Journeys 149.98 S 149.98

Library LINKNJ Mobile Project - S -

Sustainable Jersey-GPS Sander Controll Grant - 30,000.00 S 30,000.00 -

NJDOT - Municipal Aid Grant - 223,500.00 223,500.00

NJDEP Hazard Mitigation Grant - 25,000.00 25,000.00 -

- -

Somerset County Municipal Alliance 12,016.48 19,038.04 SAC 18,981.40 6,816.57 5,256.55

Matching Funds for Municipal Alliance Program 0.00 4,759.51 M 4,759.51 0.00

Somerset County Cultural - Plays in the Park 1,500.00 4,000.00 C 3,500.00 2,000.00

Sheet 11a Somerset County Youth Svcs. Commission 4,000.00 10,000.00 C 6,358.32 109.31 7,532.37

Somerset County Cultural - Lyons Train Station 99,581.11 - C 10,997.75 10,428.36 78,155.00

Somerset County Cultural - Lyons Canopy 96,580.00 - C 5,100.00 6,250.00 85,230.00

- -

- -

- -

- -

Grand Totals 472,657.85 112,485.60 326,355.86 440,025.35 53,859.24 - 417,614.72

Transferred from 2016Balance Budget Appropriations Expended

By 40A:4-87

BalanceJan. 1, 2016 Budget Appropriation Dec. 31, 2016

Sheet 11a

SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS

Grant

USDOJ Body Armor Fund 1,786.64 1,786.64 3,648.90 3,648.90

NJDEP Recycling Tonnage Grant - - 0.00

NJ Body Armor Fund 3,699.38 3,699.38 3,547.55 3,547.55

Somerset County Cultural and Heritage Grant 4,000.00 4,000.00 - 0.00

NJDEP Clean Communities Program - 0.00

Drug-Free Communities Grant (USDOJ) - 0.00

Drunk Driving Enforcement Fund 3,646.90 3,646.90 3,101.35 3,101.35

NJDHSS Hepatitis B 345.00 345.00 - 0.00

- 0.00

- 0.00

- 0.00

- 0.00

- 0.00

- 0.00

- 0.00

- 0.00

Totals 13,477.92 13,477.92 0.00 0.00 10,297.80 0.00 0.00 10,297.80

Transferred to 2016Balance Budget Appropriations Received

By 40A:4-87

BalanceJan. 1, 2016 Budget Appropriation Dec. 31, 2016

Sheet 12

*LOCAL DISTRICT SCHOOL TAX

Debit Credit

Balance January 1, 2016 XXXXXXXX XX XXXXXXXX XX

School Tax Payable # 85001-00 XXXXXXXX XXSchool Tax Deferred(Not in excess of 50% of Levy - 2015 - 2016) 85002-00 XXXXXXXX XX

Levy School Year July 1, 2016 - June 30, 2017 XXXXXXXX XX

Levy Calendar Year 2016 XXXXXXXX XX 86,555,824.00

Paid 86,555,824.00 XXXXXXXX XX

Balance December 31, 2016 XXXXXXXX XX XXXXXXXX XX

School Tax Payable # 85003-00 0 XXXXXXXX XXSchool Tax Deferred(Not in excess of 50% of Levy - 2016 - 2017) 85004-00 0 XXXXXXXX XX

* Not including Type 1 school debt service, emergency authorizations-schools, transfer to 86,555,824.00 86,555,824.00

Board of Education for use of local schools

# Must include unpaid requisitions

MUNICIPAL OPEN SPACE TAX

Debit Credit

Balance January 1, 2016 85045-00 XXXXXXXX XX 513,205.02

2016 Levy 85105-00 XXXXXXXX XX 2,726,777.00

Added, Rollback and Omitted Taxes 10,944.51

Interest Earned XXXXXXXX XX 5,794.62

Refunding Bond Sale Proceeds

Expenditures 3,009,224.00 XXXXXXXX XX

Balance December 31, 2016 85046-00 247,497.15 XXXXXXXX XX

3,256,721.15 3,256,721.15

Sheet 13

REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved)

Debit Credit




Levy Calendar Year 2016 XXXXXXXX XX

Paid XXXXXXXX XX




REGIONAL HIGH SCHOOL TAX

Debit Credit




Levy Calendar Year 2016 XXXXXXXX XX

Paid XXXXXXXX XX


School Tax Payable # 85043-00 XXXXXXXX XXSchool Tax Deferred(Not in excess of 50% of Levy - 2016- 2017) 85044-00 XXXXXXXX XX


Sheet 14

COUNTY TAXES PAYABLE

Debit Credit


County Taxes 80003-01 XXXXXXXX XX

Due County for Added and Omitted Taxes 80003-02 XXXXXXXX XX -

2016 Levy: XXXXXXXX XX XXXXXXXX XX

General County 80003-03 XXXXXXXX XX 22,327,086.87

County Library 80003-04 XXXXXXXX XX

County Health XXXXXXXX XX

County Open Space Preservation XXXXXXXX XX 2,095,990.46

Due County for Added and Omitted Taxes 80003-05 XXXXXXXX XX 97,909.40

Paid 24,520,986.73 XXXXXXXX XX


County Taxes XXXXXXXX XX

Due County for Added and Omitted Taxes XXXXXXXX XX

24,520,986.73 24,520,986.73

SPECIAL DISTRICT/LOCAL LIBRARY TAXES

Debit Credit

Balance January 1, 2016 80003-06 XXXXXXXX XX -

2016 Levy: (List Each Type of District Tax Separately - see Footnote) XXXXXXXX XX XXXXXXXX XX

Fire - 81108-00 XXXXXXXX XX XXXXXXXX XX

Sewer - 81111-00 XXXXXXXX XX XXXXXXXX XX

Water - 81112-00 XXXXXXXX XX XXXXXXXX XX

Garbage - 81109-00 XXXXXXXX XX XXXXXXXX XX

Open Space - 81105-00 XXXXXXXX XX XXXXXXXX XX

Library 2,367,776.00 XXXXXXXX XX XXXXXXXX XX

XXXXXXXX XX XXXXXXXX XX

Total 2016 Levy 80003-07 XXXXXXXX XX 2,367,776.00

Paid 80003-08 2,367,776.00 XXXXXXXX XX

Balance December 31, 2016 80003-09 -

2,367,776.00 2,367,776.00

Footnote: Please state the number of districts in each instance

Sheet 15

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

Debit Credit


State Library Aid Received in 2016 80004-02 XXXXXXXX XX 11,596.00

Expended 80004-09 11,655.00 XXXXXXX XX

Balance December 31, 2016 80004-10 11,596.00

23,251.00 23,251.00

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

Balance January 1, 2016 80004-03 XXXXXXXX XX

State Library Aid Received in 2016 80004-04 XXXXXXXX XX

Expended 80004-11 XXXXXXXX XX

Balance December 31, 2016 80004-12

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





Sheet 16

STATEMENT OF GENERAL BUDGET REVENUES 2016

Source Budget Realized Excess or Deficit*-01 -02 -03

Surplus Anticipated 80101- 11,775,000.00 11,775,000.00 0.00Surplus Anticipated with Prior Written Consent ofDirector of Local Government 80102- 0.00

Miscellaneous Revenue Anticipated: XXXXXXXX XX XXXXXXXX XX XXXXXXXXX XX

Adopted Budget 5,803,578.40 7,908,915.36 2,105,336.96

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

Cancellation Per Resolution #

Totals from Sheet 17a 328,678.86 328,678.86 0.00

Total Miscellaneous Revenue Anticipated 80103- 6,132,257.26 8,237,594.22 2,105,336.96

Receipts from Delinquent Taxes 80104- 305,000.00 514,613.49 209,613.49

Amount to be Raised by Taxation: XXXXXXXX XX XXXXXXXX XX XXXXXXXXX XX

(a) Local Tax for Municipal Purposes 80105- 16,915,483.45 XXXXXXXX XX XXXXXXXXX XX

(b) Addition to Local District School Tax 80106- XXXXXXXX XX XXXXXXXXX XX

(c) Minimum Library Tax 80121- 2,367,776.00 XXXXXXXX XX XXXXXXXXX XX

Total Amount to be Raised by Taxation 80107- 19,283,259.45 23,096,214.28 3,812,954.83 37,495,516.71 43,623,421.99 6,127,905.28

ALLOCATION OF CURRENT TAX COLLECTIONS

Debit Credit

Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) 80108-00 XXXXXXXX XX 132,923,014.20

Amount to be Raised by Taxation XXXXXXXX XX XXXXXXXXX XX

Local District School Tax 80109-00 86,555,824.00 XXXXXXXXX XX

Regional School Tax 80119-00 XXXXXXXXX XX

Regional High School Tax 80110-00 XXXXXXXXX XX

County Taxes 80111-00 24,423,077.33 XXXXXXXXX XX

Due County for Added and Omitted Taxes 80111-00 77,046.46 XXXXXXXXX XX

Municipal Open Space Tax 80120-00 2,726,777.00 XXXXXXXXX XX

Due Municipal Open Spce Added and Omitted Taxes 80120-00 8,584.58 XXXXXXXXX XX

Reserve for Uncollected Taxes 80114-00 XXXXXXXX XX 3,964,509.45

Deficit in Required Collection of Current Taxes (or) 80115-00 XXXXXXXX XX

Balance for Support of Municipal Budget (or) 80116-00 23,096,214.28 XXXXXXXXX XX

*Excess Non-Budget Revenue (see footnote) 80117-00 XXXXXXXXX XX

*Deficit Non-Budget Revenue (see footnote) 80118-00 XXXXXXXX XX* These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" 136,887,523.65 136,887,523.65

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

STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2016

2016 Budget as Adopted 80012-01 37,166,837.85

2016 Budget - Added by N.J.S. 40A:4-87 80012-02 328,678.86

Appropriated for 2016 (Budget Statement Item 9) 80012-03 37,495,516.71

Appropriated for 2016 by Emergency Appropriation (Budget Statement Item 9) 80012-04 0.00

Total General Appropriations (Budget Statement Item 9) 80012-05 37,495,516.71

Add: Overexpenditures (see footnote) 80012-06 0.00

Total Appropriations and Overexpenditures 80012-07 37,495,516.71

Deduct Expenditures:

Paid or Charged [Budget Statement Item (L)] 80012-08 27,380,644.44

Paid or Charged - Reserve for Uncollected Taxes 80012-09 3,964,509.45

Reserved 80012-10 2,150,362.82

Total Expenditures 80012-11 33,495,516.70

Unexpended Balances Canceled (see footnote) 80012-12 4,000,000.00

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 "Unexpended Balances Canceled".

SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES

(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)

2016 Authorizations

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

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

Total Authorizations


Paid or Charged

Reserved

Total Expenditures

Sheet 18

RESULTS OF 2016 OPERATION

CURRENT FUND

Debit Credit

Excess of anticipated Revenues: XXXXXXXX XX XXXXXXXX XX

Miscellaneous Revenues anticipated 80013-01 XXXXXXXX XX 2,105,336.96

Delinquent Tax Collections 80013-02 XXXXXXXX XX 209,613.49

XXXXXXXX XX

Required Collection of Current Taxes 80013-03 XXXXXXXX XX 3,812,954.83

Unexpended Balances of 2016 Budget Appropriations 80013-04 XXXXXXXX XX 4,000,000.00

Miscellaneous Revenue Not Anticipated 81113- XXXXXXXX XX 408,693.08 Miscellaneous Revenue Not Anticipated:

Proceeds of Sale of Foreclosed Property (Sheet 27) 81114- XXXXXXXX XX

Payments in Lieu of Taxes on Real Property 81120- XXXXXXXX XX

Sale of Municipal Assets XXXXXXXX XX -

Unexpended Balances of 2015 Appropriation Reserves 80013-05 XXXXXXXX XX 2,311,578.24

Prior Years Interfunds Returned in 2016 80013-06 XXXXXXXX XX 212.30

Cancel PY Encumbrances XXXXXXXX XX 0.00

Cancel Reserve for Future Pension Contributions XXXXXXXX XX 0.00

Cancel Outstanding Bond Coupons per Auditor XXXXXXXX XX 0.00

Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) XXXXXXXX XX XXXXXXXX XX


Balance December 31, 2016 80013-08 XXXXXXXX XX

Deficit in Anticipated Revenues: XXXXXXXX XX XXXXXXXX XX

Miscellaneous Revenues Anticipated 80013-09 XXXXXXXX XX

Delinquent Tax Collections 80013-10 XXXXXXXX XX

Required Collection of Current Taxes 80013-11 XXXXXXXX XX

Interfund Advances Originating in 2016 80013-12 135.27 XXXXXXXX XX

Due from Grant Fund 148,317.01

PY Successful Tax Appeals 2015 XXXXXXXX XX

PY2015 Sr Citizens Deductions Disallowed 1,610.42 XXXXXXXX XX

PY2015 Veterans Deductions Disallowed 0.00 XXXXXXXX XX

PY Added/Omitted County Taxes 19,032.74 XXXXXXXX XX

PY Added/Omitted County Open Space Taxes 1,830.20 XXXXXXXX XX

PY Added/Omitted Municipal Open Space Taxes 2,359.93 XXXXXXXX XX

Deficit Balance - To Trial Balance (Sheet 3) 80013-13 XXXXXXXX XX

Surplus Balance - To Surplus (Sheet 21) 80013-14 12,675,103.33 XXXXXXXX XX

12,848,388.90 12,848,388.90

Sheet 19

SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED

Source Amount Realized

Clerk 5,465.00

Registrar 300.00

Engineer 9,306.03

Board of Health 26,725.00

Public Works 6,314.47

Tax Collector 6,532.36

Traffic Control Administrative Fees 87,377.15

Purchasing 329.20

Inspection Fees 7,892.50

Prior Year Refunds 2,092.71

Fire Prevention 101.04

Far Hills / Douglas Road Maintenance

Municipal Court 4,539.00

Prior Year Check Voided

PB Escrow Fees Administrative Fees 55,015.17

MRNA 178,949.30

Insurance Dividends 8,707.57

Newsrack Permits

Police 195.96

Construction Fines 5,400.00

Vending Machine Commissions 20.88

Farmland Inspection Fees -

Copies MRNA 486.94

Return Check Fees 460.00

Mayor Marriage Donations 400.00

Community Service Furniture Program 1,885.00

Municipal Liens Sold/Redeemed 197.80

Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) $ 408,693.08

Sheet 20

SURPLUS - CURRENT FUND YEAR 2016

Debit Credit

1 Balance January 1, 2016 80014-01 XXXXXXXX XX 14,390,050.47

2. XXXXXXXX XX

3. Excess Resulting from 2016 Operations 80014-02 XXXXXXXX XX 12,675,103.33

4. Amount Appropriated in the 2016 Budget - Cash 80014-03 11,775,000.00 XXXXXXXX XX

5. Amount Appropriated in the 2016 Budget - with Prior Writ-ten Consent of Director of Local Government Services 80014-04 0.00 XXXXXXXX XX

6. XXXXXXXX XX

7. Balance December 31, 2016 80014-05 15,290,153.80 XXXXXXXX XX27,065,153.80 27,065,153.80

ANALYSIS OF BALANCE DECEMBER, 31, 2016 (FROM CURRENT FUND - TRIAL BALANCE)

Cash 80014-06 22,397,644.72

Investments 80014-07

Sub Total 22,397,644.72

Deduct Cash Liabilities Marked with "C" on Trial Balance 80014-08 7,107,490.92

Cash Surplus 80014-09 15,290,153.80

Deficit in Cash Surplus 80014-10

Other Assets Pledged to Surplus: *(1) Due from State of N.J. Senior

Citizens and Veterans Deduction 80014-16

Deferred Charges # 80014-12

Cash Deficit # 80014-13

Total Other Assets 80014-14 -

* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS 80014-15 15,290,153.80

WOULD ALSO BE PLEDGED TO CASH LIABILITIES.# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2017 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 issuedand outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.

Sheet 21

(FOR MUNICIPALITIES ONLY)

CURRENT TAXES - 2016 LEVY1. Amount of Levy as per Duplicate (Analysis) # 82101-00 $ 132,995,807.18

or (Abstract of Ratables) 82113-00 $

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

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

4. Amount Levied for Added Taxes under 82104-00 $ 418,711.91 N.J.S.A. 54:4-63.1 et. seq.

5a. Subtotal 2016 Levy $ 133,414,519.09

5b. Reductions due to tax appeals ** $ 12,583.96

5c. Total 2016 Tax Levy 82106-00 $ 133,401,935.13

6 Transferred to Tax Title Liens 82107-00 $ 4,045.64

7. Transferred to Foreclosed Property 82108-00 $ -

8. Remitted, Abated or Canceled 82109-00 $

9. Discount Allowed 82110-00 $ -

10. Collected in Cash: In 2015 82121-00 $ 683,045.46

In 2016 82122-00 $ 131,293,286.43

Homestead Benefit Credit 82124-00 $ 822,824.64$

State's Share of 2016 Senior Citizens

and Veterans Deductions Allowed 82123-00 $ 123,857.67

Total to Line 14 82111-00 $ 132,923,014.20

11. Total Credits $ 132,927,059.84

12. Amount Outstanding December 31, 2016 83120-00 $ 474,875.29

13. Percentage of Cash Collections to Total 2016 Levy,(Item 10 divided by Item 5c) is 99.64%

82112-00

Note:If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here & complete sheet 22a

14. Calculation of Current Taxes Realized in Cash:

Total of Line 10 $ 132,923,014.20 Less: Reserve for Tax Appeals Pending State Division of Tax Appeals $

To Current Taxes Realized in Cash (Sheet 17) $ 132,923,014.20

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 / $1,500,000 or .699985. The correct percentage tobe shown as Item 13 is 69.99% and not 70.00%, nor 69.999%

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

* Include overpayments applied as part of 2016 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)

Sheet 22

ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99

To Calculate Underlying Tax Collection Rate for 2016

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)..........................................................................$

LESS: Proceeds from Accelerated Tax Sale............................................................................. -

NET Cash Collected ....................................................................................$ -

Line 5c (sheet 22) Total 2016 Tax Levy...................................................................................$

Percentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is.............................................................................. #DIV/0! %

(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 2016 Tax Levy...................................................................................$

Percentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is.............................................................................. %

Sheet 22a

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

Debit Credit

1. Balance January 1, 2016 XXXXXXXX XX XXXXXXXX XX

Due From State of New Jersey XXXXXXXX XX

Due To State of New Jersey XXXXXXXX XX 23,616.02

2. Sr. Citizens Deductions Per Tax Billings 15,062.00 XXXXXXXX XX

3. Veterans Deductions Per Tax Billings 106,750.00 XXXXXXXX XX

4. Sr. Citizens Deductions Allowed By Tax Collector 1,000.00 XXXXXXXX XX

5. Veterans Deductions Allowed By Tax Collector 1,500.00 XXXXXXXX XX

6. Veterans Deductions Disallowed By Tax Collector XXXXXXXX XX 0.00

7. Sr. Citizens Deductions Disallowed By Tax Collector XXXXXXXX XX 454.33

8. Sr. Citizens Deductions Disallowed By Tax Collector PY Taxes XXXXXXXX XX 1,610.42

8A. Veterans Deductions Disallowed By Tax Collector PY Taxes XXXXXXXX XX

9. Received in Cash from State XXXXXXXX XX 121,549.09

11.

12. Balance December 31, 2016 XXXXXXXX XX XXXXXXXX XX

Due From State of New Jersey XXXXXXXX XX

Due To State of New Jersey 22,917.86 XXXXXXXX XX

147,229.86 147,229.86

Calculation of Amount to be included on Sheet 22, Item 10-2016 Senior Citizens and Veterans Deductions Allowed

Line 2 15,062.00

Line 3 106,750.00

Line 4 & 5 2,500.00

Sub-Total 124,312.00

Less: Lines 6&7 454.33

To Item 10, Sheet 22 123,857.67

Sheet 23

COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2017 MUNICIPAL BUDGET

1. Total General Appropriations for 2017 Municipal Budget StatementItem 8 (L) (Exclusive of Reserve for Uncollected Tax 80015- - XXXXXXXX XX

2. Local District School Tax - Actual 80016- 0

Estimate** 80017- - XXXXXXXX XX

3. Regional School District Tax - Actual 80025- 0

Estimate* 80026- XXXXXXXX XX

4. Regional High School Tax - Actual 80018- 0

School Budget Estimate* 80019- XXXXXXXX XX

5. County Tax Actual 80020- 0

Estimate* 80021- - XXXXXXXX XX

6. County Open Space Tax Actual 80022- 0

Estimate* 80023- - XXXXXXXX XX

7. Municipal Open Space Tax Actual 80027- 0.00 0

Estimate* 80028- XXXXXXXX XX

8. Total General Appropriations & Other Taxes 80024-01 - 9. Less: Total Anticipated Revenues from 2017 in

Municipal Budget (Item 5) 80024-02 - 10. Cash Required from 2017 Taxes to Support

Local Municipal Budget and Other Taxes 80024-03 - 11. Amount of item 10 Divided by 97.02% [820034-04]

Equals Amount to be Raised by Taxation (Percentageused must not exceed the applicable percentageshown by Item 13, Sheet 22) 80024-05 -

Analysis of Item 11: Local District School Tax * Must not be stated in an amount less than

(Amount Shown on Line 2 Above) - "actual" Tax of year 2016.

Regional School District Tax (Amount Shown on Line 3 Above) ** May not be stated in an amount less than

Regional High School Tax proposed budget submitted by the Local

(Amount Shown on Line 4 Above) Board of Education to the Commissioner

County Tax of Education on January 15, 2017 (Chap.

(Amount Shown on Line 5 Above) - 136, P.L. 1978). Consideration must be

Special District Tax given to calendar year calculation.

(Amount Shown on Line 6 Above) - Municipal Open Space Tax (Amount Shown on Line 7 Above) -

Tax in Local Municipal Budget -

Total 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" Note:

Item 1 - Total General Appropriations - The amount of

anticipated rev- Item 12 - Appropriation: Reserve for Uncollected Taxes - enues (Item 9)

may never exceed

Sub-Total - the total of Items 1

and 12.

Less: Item 9 - Total Anticipated Revenues -

Amount to be Raised by Taxation in Municipal Budget 80024-07 -

YEAR 2017 YEAR 2016

Sheet 25

ACCELERATED TAX SALE - CHAPTER 99

Calculation To Utilize Proceeds In Current Budget As Deduction To Reserve For Uncollected Taxes Appropriation

Note: This sheet should be completed only if you are conducting an accelerated tax sale for the first time in the current year.

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

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

C. TIMES: % of increase of Amount to beRaised by Taxes over Prior Year %[(2017 Estimated Total Levy - 2016 Total Levy)/2016 Total Levy]

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

E. Net Reserve for Uncollected TaxesAppropriation in Current Budget $(A - D)

2017 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) $

Sheet 25a

SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS

Debit Credit

1. Balance January 1, 2016 XXXXXXXX XX

A. Taxes 83102-00 406,342.41 441,654.55 XX XXXXXXXX XX

B. Tax Title Liens 83103-00 35,312.14 XXXXXXXX XX XXXXXXXX XX

2. Canceled: XXXXXXXX XX XXXXXXXX XX

A. Taxes 83105-00 XXXXXXXX XX

B. Tax Title Liens 83106-00 XXXXXXXX XX

3. Transferred to Foreclosed Tax Title Liens: XXXXXXXX XX XXXXXXXX XX

A. Taxes 83108-00 XXXXXXXX XX

B. Tax Title Liens 83109-00 XXXXXXXX XX

4. Added Taxes 83110-00 113,228.94 XXXXXXXX XX

5. PY Senior Citizen and Veteran Disallowed 83111-00 1,610.42 XXXXXXXX XX6. Adjustment between Taxes (Other than current year)

and Tax Title Liens: XXXXXXXX XX XXXXXXXX XX

A. Taxes - Transfers to Tax Title Liens 83104-00 XXXXXXXX XX (1) 500.11

B. Tax Title Liens - Transfers from Taxes 83107-00 (1) 500.11 XXXXXXXX XX

7. Balance Before Cash Payments XXXXXXXX XX 556,493.91

8. Totals 556,994.02 556,994.02

9. Balance Brought Down 556,493.91 XXXXXXXX XX

10. Collected: XXXXXXXX XX 514,811.29

A. Taxes 83116-00 514,613.49 XXXXXXXX XX XXXXXXXX XX

B. Tax Title Liens 83117-00 197.80 XXXXXXXX XX XXXXXXXX XX

11. Interest and Costs - 2016 Tax Sale 83118-00 67.64 XXXXXXXX XX

12. 2016 Taxes Transferred to Liens 83119-00 4,045.64 XXXXXXXX XX

13. 2016 Taxes 83123-00 474,875.29 XXXXXXXX XX

14. Balance December 31, 2016 XXXXXXXX XX 520,671.19

A. Taxes 83121-00 481,011.10 XXXXXXXX XX XXXXXXXX XX

B. Tax Title Liens 83122-00 39,660.09 XXXXXXXX XX XXXXXXXX XX

15. Totals 1,035,482.48 1,035,482.48

16. Percentage of Cash Collections to Adjusted Amount Outstanding(Item No. 10 divided by Item No. 9) is 92.510%

17. Item No. 14 multiplied by percentage shown above is 481,671.771 and represents themaximum amount that may be anticipated in 2017. 83125-00

(See Note A on Sheet 22 - Current Taxes)

(1) These amounts will always be the same.

Sheet 26

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

Debit Credit

1. Balance January 1, 2016 84101-00 195,100.00 XXXXXXXX XX

2. Foreclosed or Deeded in 2016 XXXXXXXX XX XXXXXXXX XX

3. Tax Title Liens 84103-00 XXXXXXXX XX

4. Taxes Receivable 84104-00 XXXXXXXX XX

5A. 84102-00 XXXXXXXX XX

5B. 84105-00 XXXXXXXX XX

6. Adjustment to Assessed Valuation 84106-00 XXXXXXXX XX

7. Adjustment to Assessed Valuation 84107-00 XXXXXXXX XX -

8. Sales XXXXXXXX XX XXXXXXXX XX

9. Cash * 84109-00 XXXXXXXX XX 0.00

10. Contract 84110-00 XXXXXXXX XX

11. Mortgage 84111-00 XXXXXXXX XX

12. Loss on Sales 84112-00 XXXXXXXX XX

13. Gain on Sales 84113-00 0.00 XXXXXXXX XX

14. Balance December 31, 2016 84114-00 XXXXXXXX XX 195,100.00

195,100.00 195,100.00

CONTRACT SALES

Debit Credit

15. Balance January 1, 2016 84115-00 0.00 XXXXXXXX XX

16. 2016 Sales from Foreclosed Property 84116-00 0.00 XXXXXXXX XX

17. Collected * 84117-00 XXXXXXXX XX 0.00

18. 84118-00 XXXXXXXX XX

19. Balance December 31, 2016 84119-00 XXXXXXXX XX 0.00

0.00 0.00

MORTGAGE SALES

Debit Credit

20. Balance January 1, 2016 84120-00 0.00 XXXXXXXX XX

21. 2016 Sales from Foreclosed Property 84121-00 XXXXXXXX XX

22. Collected * 84122-00 XXXXXXXX XX

23. 84123-00 XXXXXXXX XX

24. Balance December 31, 2016 84124-00 XXXXXXXX XX 0.00

Analysis of Sale of Property: $ 0.00 0.00 0.00* Total Cash Collected in 2016 (84125-00)

Realized in 2016 Budget 0.00

To Results of Operation (Sheet 19) 0.00

Sheet 27

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.)

AmountCaused By Dec. 31, 2015 Amount in Amount Balance

per Audit 2016 Resulting as atReport Budget from 2016 Dec. 31, 2016

1. Emergency Authorization - Municipal* $ 0 $ 0 $ 0 $ 0

2. Emergency Authorizations -Schools $ $ $ $

3. $ $ $ $

4. $ $ $ $

5. $ $ $ $

6. $ $ $ $

7. $ $ $ $

8. $ $ $ $

9. $ $ $ $

10. $ $ $ $

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

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

Date Purpose Amount

1. $

2. $

3. $

4. $

5. $

JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED

Appropriated forin Budget of

In Favor of On Account of Date Entered Amount Year 2017

1. $

2. $

3. $

4. $

Sheet 28

SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2017 DEBT SERVICE FOR BONDS

(COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS

Outstanding January 1, 2016 80033-01 XXXXXXXX XX 5,535,000.00

Issued 80033-02 XXXXXXXX XX 0.00

Paid 80033-03 2,750,000.00 XXXXXXXX XX

Outstanding December 31, 2016 80033-04 2,785,000.00 XXXXXXXX XX5,535,000.00 5,535,000.00

2017 Bond Maturities - General Capital Bonds 80033-05 $2017 Interest on Bonds * 80033-06 $ 130,150.00

ASSESSMENT SERIAL BONDS

Outstanding January 1, 2016 80033-07 XXXXXXXX XX

Issued 80033-08 XXXXXXXX XX

Paid 80033-09 XXXXXXXX XX

not applicable

Outstanding December 31, 2016 80033-10 XXXXXXXX XX

0.00 0.00

2017 Bond Maturities - Assessment Bonds 80033-11 $

2017 Interest on Bonds * 80033-12 $ 0.00

Total "Interest on Bonds - Debt Service" (*Items) 80033-13 $ 130,150.00

LIST OF BONDS ISSUED DURING 2016

Date of InterestIssue Rate

not applicable

Total80033-14 80033-15

Purpose 2017 Maturity Amount Issued

2017 DebtService

CreditDebit

2,785,000.00

0.00

Sheet 31

SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2017 DEBT SERVICE FOR LOANS

(COUNTY) (MUNICIPAL) LOAN





2017 Loan Maturities 80033-05 $

2017 Interest on Loans 80033-06 $

Total 2017 Debt Service for Loan 80033-13 $

LOAN





2017 Loan Maturities 80033-11 $

2017 Interest on Loans 80033-12 $

Total 2017 Debt Service for Loan 80033-13 $

LIST OF LOANS ISSUED DURING 2016


Total80033-14 80033-15


2017 DebtCreditDebitService

Sheet 31a

SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2017 DEBT SERVICE FOR BONDS

TYPE I SCHOOL TERM BONDS




2017 ond Maturities - Term Bonds 80034-04 $2017 Interest on Bonds * 80034-05 $

TYPE I SCHOOL SERIAL BOND





2017 Interest on Bonds * 80034-10 $

2017 Bond Maturities - Serial Bonds 80034-11 $

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

Date of Interest-01 -02 Issue Rate

Total 80035-

Outstanding 2017 Interest

Dec. 31, 2016 Requirement

1. Emergency Notes 80036- $ $

2. Special Emergency Notes 80037- $ $

3. Tax Anticipation Notes 80038- $ $

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

5. $ $

6. $ $

2017 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY

2017 DebtService

Debit Credit

LIST OF BONDS ISSUED DURING 2016Purpose 2016 Maturity Amount Issued

Sheet 32

DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)

Date Rate Interestof of Computed to

Maturity Interest (Insert Date)

1.

2.

3.

4.

5.

6.

7.Sheet 33 8.

9.

10.

11.

12.

13.

14.

Total80051-01 80051-02

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

Memo: Refunding Bond Anticipation Notes 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 2014 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2017 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. (Do not crowd - add additional sheets)

Title or Purpose of IssueOriginalAmountIssued

OriginalDate ofIssue*

Dec. 31, 2016

2017 Budget Requirement

For Principal For Interest**

Amountof Note

Outstanding

Sheet 33

DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES

Date Rate Interestof of Computed to

Maturity Interest (Insert Date)

1.

2.

3.

4.

5.

6.

Sheet 34 7.

8.

9.

10.

11.

12.

13.

14.

TotalMEMO: *See Sheet 33 for clarification of "Original Date of Issue" 80051-01 80051-02

Assessment Notes with an original date of issue of December 31, 2014 or prior require one legally payable installment to be budgeted in the 2017 Assessment Budget if it is contemplated that such notes will be renewed in 2017

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".


2017 Budget RequirementTitle or Purpose of Issue Amount Date of of Note

Original Original Amount

For InterestDec. 31, 2016 **

Issued Issue* Outstanding For Principal

Sheet 34

1

2.

3.

4.

5.

Sheet 34a 6.

7.

8.

9.

10.

11.

12.

13.

Total80051-01 80051-02


OutstandingDec. 31, 2016

For Principal For Interest/Fees

SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS

PurposeAmount

of Obligation2017 Budget Requirement

Sheet 34a

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)

IMPROVEMENTSSpecify each authorization by purpose. Do

not merely designate by a code number.

1873D Security Upgrades 1,361.67 1,361.67 - -

2082 Pool Improvements 2,169.79 - 2,169.79

2120F Police Equipment 11,754.98 - 11,754.98

2120I BRFC Emergency Equipment 10,000.00 4,498.45 5,501.55

2161C Facility Improvements 10,023.67 - 10,023.67

2161F Police Equipment 24,000.00 4,190.35 - 19,809.65

2161K Grounds Equipment 9,694.40 9,694.40 -

Sheet 35 2180A Emergency Communications Equipment 394,779.43 394,779.43 - -

2193A Engineering Projects 13,381.49 7,092.00 6,289.49

2193C Facility Improvements 4,000.00 - 4,000.00

2193F Police Equipment 12,000.00 - - 12,000.00

2193J LCFC Emergency Equipment 11,207.78 10,974.96 232.82

2193K Grounds Equipment 8,656.31 8,656.31 -

2233A Engineering Projects 130,466.33 44,410.42 78,802.60 - 7,253.31

2233C Facility Improvements 102,297.67 4,850.00 - 97,447.67

2233D DPW Equipment Repairs 20.07 20.07 0.00

2233E Systems Administration 13,877.91 - 13,877.91

Subtotal this Sheet ONLY 759,691.50 - - 455,630.30 113,700.36 - 190,360.84 -

Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization

EncumbrancesBalance - January 1, 2016

Funded Unfunded2016

Authorizations Unfunded

Balance - December 31, 2016Expended Authorizations

Canceled Funded

Sheet 35

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) (cont.)



2238A Emergency Generator 253,384.82 30,065.10 216,497.32 6,822.40

2238C BRFC Emergency Equipment 9,500.20 2,203.95 7,296.25 0.00

2238D LCFC Emergency Equipment 20,000.00 12,879.55 7,120.45

2238E Park Infrastructure Improvements 12,134.19 3,909.20 8,224.99 0.00

2238F Police Equipment 97.50 97.50 -

2264A Engineering Projects 109,804.36 14,700.00 72,097.04 23,007.32

2264B DPW Equipment and Repairs 8,412.44 40.19 8,372.25 0.00

2270A Engineering Projects 57,481.34 3,502.26 17,650.00 36,329.08

2270B Fleet 16,990.50 16,990.50 -

Sheet 35a 2270C Facility Improvements 81,677.05 742.05 55,099.69 25,835.31

2270D Park Infrastructure Improvements 101,566.97 4,928.01 96,638.96

2270E Pool Bathrooms 20.78 20.78 (0.00)

2270F Police Equipment 21,450.00 21,450.00

2270G Systems Administration 7,546.63 1,225.88 5,137.13 1,183.62

2270H BRFA Equipment 8,338.20 8,338.20 -

2270I BRFC Equipment 20,000.00 507.08 19,492.92 -

2270J LCFC Equipment 12,636.86 7,120.45 - 5,516.41

Subtotal this Sheet ONLY 741,041.84 - - 33,951.06 266,689.91 216,497.32 223,903.55 - Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization

Unfunded Authorizations Canceled

Balance - January 1, 2016 Balance - December 31, 20162016 Expended Authorizations

Funded UnfundedFunded Encumbrances

Sheet 35a




2305A Turf Fields-Mtn Park 388,884.60 2,235.00 360,417.22 26,232.38

2309A Engineering Projects 15,789.80 15,789.80 -

2312A Engineering Projects 258,287.17 (16,969.56) 231,697.60 43,559.13

2312B Fleet 335,140.58 335,140.58 (0.00)

2312C Facility Improvements 119,000.00 15,000.00 62,415.00 41,585.00

2312D DPW Equipment and Repairs 35,912.06 4,754.81 6,774.00 24,383.25

2312E Pool Infrastructure Improvements 62,022.01 43,805.69 18,216.32

2312F Police Equipment 11,657.50 7,810.00 3,847.50 -

2312G Systems Administration 61,171.45 4,533.00 56,462.10 176.35

Sheet 35b 2312H BRFA Equipment 10,000.00 - 10,000.00 -

2312I BRFC Equipment 712,040.46 - 196,116.20 515,924.26 (0.00)

2312J LCFC Equipment 20,000.00 - 17,196.37 - 2,803.63

2312K Grounds Equipment 25,092.20 - 3,846.25 8,748.94 12,497.01

2312L Park Infrastructure Improvements 21,000.00 - - - 21,000.00

-

-

Subtotal this Sheet ONLY 2,075,997.83 - - 250,311.87 1,635,232.89 - 190,453.07 -


Unfunded


Funded Unfunded Authorizations Canceled FundedEncumbrances

Sheet 35b




2336A DPW-PD Duct Work 150,000.00 139,819.46 10,180.54

2337A Engineering Projects 2,490,000.00 927,213.39 833,373.66 729,412.95

2337B Fleet 250,500.00 204,185.00 4,170.88 42,144.12

2337C Facility Improvements 238,150.00 13,337.07 7,220.00 217,592.93

2337D DPW Equipment and Repairs 310,000.00 250,185.00 59,815.00

2337E Police Equipment 32,750.00 6,295.94 2,679.00 23,775.06

2337F Systems Administration 75,400.00 8,024.72 18,579.37 48,795.91

Sheet 35c 2337G BRFA Equipment 10,000.00 5,145.88 4,854.12

2337H BRFC Equipment 70,000.00 3,467.13 15,293.44 51,239.43

2337I LCFC Equipment 20,000.00 - 20,000.00

2337J Grounds Equipment 5,000.00 - 5,000.00

2337K Park Infrastructure Improvements 140,400.00 - 140,400.00

- -

- -

-

Grand Total 70000- 3,576,731.17 - 3,792,200.00 1,902,416.48 3,292,089.85 216,497.32 1,957,927.52 -


Funded Unfunded


Funded Unfunded Authorizations Encumbrances Canceled

Sheet 35c


Received from 2016 Budget Appropriation * 80031-02 XXXXXXXX XX 3,125,850.00

XXXXXXXX XXImprovement Authorizations Canceled

(financed in whole by the Capital Improvement Fund) 80031-03 XXXXXXXX XX 216,497.32

Grants and Other Deposits Reimbursed to the CIF 161,104.48

List by Improvements - Direct Charges Made for Preliminary Costs: XXXXXXXX XX XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

XXXXXXXX XX

Appropriated to Finance Improvement Authorizations 80031-04 3,792,200.00 XXXXXXXX XX

XXXXXXXX XX

Balance December 31, 2016 80031-05 605,365.54 XXXXXXXX XX

4,397,565.54 4,397,565.54

* The full amount of the 2016 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse.

SCHEDULE OF CAPITAL IMPROVEMENT FUND

GENERAL CAPITAL FUND

Debit Credit

Sheet 36


Received from 2016 Budget Appropriation * 80030-02 XXXXXXXX XX

Received from 2016 Emergency Appropriation * 80030-03 XXXXXXXX XX

Appropriated to Finance Improvement Authorizations 80030-04 XXXXXXXX XX

XXXXXXXX XX

Balance December 31, 2016 80030-05 XXXXXXXX XX0 0

*The full amount of the 2016 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse.

3/29/16 Ordinance #2336 DPW - PD Duct Work 150,000.00 150,000.00

5/10/16 Ordinance #2337 Multipurpose 3,642,200.00 3,642,200.00

Total 80032-00 3,792,200.00 - - 3,792,200.00

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

CAPITAL IMPROVEMENTS AUTHORIZED IN 2016AND DOWN PAYMENTS (N.J.S. 40A:2-11)

GENERAL CAPITAL FUND ONLY

Amount of Down

GENERAL CAPITAL FUND

SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit Credit

Payment in Budgetof 2016 or Prior

Years

Down PaymentProvided byOrdinance

Purpose TotalObligationsAuthorized

AmountAppropriated

Sheet 37

Balance January 1, 2016 80029-01 XXXXXXXX XX -

Premium on Sale of Bonds XXXXXXXX XX 0

Funded Improvement Authorizations Canceled XXXXXXXX XX 0

Appropriated to Finance Improvement Authorizations 80029-02 0 XXXXXXXX XX

Appropriated to 2016 Budget Revenue 80029-03 - XXXXXXXX XX

Balance December 31, 2016 80029-04 0 XXXXXXXX XX

0.00 0.00

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 orChapter 77, Article VI-A, P.L. 1945, with Covenant or Covenants;Outstanding December 31, 2016 $

2. Amount of Cash in Special Trust Fund as of December 31, 2016 (Note A) $

3. Amount of Bonds Issued Under Item 1Maturing in 2017 $

4. Amount of Interest on Bonds with aCovenant - 2017 Requirement $

5. Total of 3 and 4 - Gross Appropriation $

6. Less Amount of Special Trust Fund to be Used $

7. Net Appropriation 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 2017 appropriation column.

GENERAL CAPITAL FUNDSTATEMENT OF CAPITAL SURPLUS

YEAR - 2016

Debit Credit

Sheet 38

A.1. Total Tax Levy for the Year 2016 was $ 133,401,935.13

2. Amount of Item 1 Collected in 2016 (*) $ 132,923,014.20

3. Seventy (70) percent of Item 1 $ 93,381,354.59

(*) Including prepayments and overpayments applied.

B.1. Did any maturities of bonded obligations or notes fall due during the year 2016?

Answer YES or NO YES2. Have payments been made for all bonded obligations or notes due on or before

December 31, 2016?

Answer YES or NO: YES If 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 2017 budget for the liquidation of allbonded 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 2015 $ 0

2. 4% of 2015 Tax Levy for all purposes:Levy - - $ 130,672,335.51 = $ 5,226,893.42

3. Cash Deficit 2016 $ 0

4. 4% of 2016 Tax Levy for all purposes:Levy - - $ 133,401,935.13 = $ 5,336,077.41

E. Unpaid 2015 2016 Total

1. State Taxes $ - $ - $ -

2. County Taxes $ - $ - $ -

3. Amounts due Special Districts

$ - $ - $ -

4. Amounts due School Districts for Local School Tax

$ - $ - $ -

MUNICIPALITIES ONLY

IMPORTANTThis 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)

Sheet 39

Note:

If no "utility fund" existed on the books of account and if no utility wasowned and operated by the municipality during the year 2016, please ob-serve instructions of Sheet 2.

UTILITIES ONLY

SHEETS 40 to 68, INCLUSIVE, PERTAIN TO

Sheet 40


Bonds and Notes Authorized but Not Issued must be disclosed in this Utility Capital

(Separately Stated)Operating and Capital Sections


TRIAL BALANCE - WATER UTILITY FUND

Section in the same manner as set forth in General Capital Fund on Sheet 8

Debit CreditTitle of Account

Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"

POST CLOSING

Sheet 41



CreditDebitTitle of Account

POST CLOSING TRIAL BALANCE

UTILITY ASSESSMENT TRUST FUNDS

IF MORE THAN ONE UTILITY

EACH ASSESSMENT SECTION MUST BE SEPARATELY STATED

Sheet 42

Assessment Serial Bond Issues: XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX

Assessment Bond Anticipation Note Issues: XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX

Sheet 43

Other Liabilities

Trust Surplus

Less Assets "Unfinanced" XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX XXXXXX XX

and LiensOperating

Budget

Title of Liability to which Cash

and Investments are Pledged

Balance

Dec. 31, 2015

RECEIPTSAssessments Dec. 31, 2016

ANALYSIS OF WATER UTILITY ASSESSMENT TRUST CASH AND INVESTMENTSPLEDGED TO LIABILITIES AND SURPLUS

Disbursements Balance

Audit

Sheet 43

Operating Surplus Anticipated 91301-Operating Surplus Anticipated with Consentof Director of Local Govt. Services 91302-

Rents 91303-

Fire Hydrant Service 91304-

Miscellaneous 91305-

Added by N.J.S. 40A:4-87: (List) XXXXXX XX XXXXXX XX XXXXXX XX

Subtotal

Deficit (General Budget) ** 91306-

91307-

**Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budgetagree with amounts shown for such items on Sheet 45.

Appropriations XXXXXX XX

Adopted Budget

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

Emergency

Total Appropriations

Add: Overexpenditures (See Footnote)

Total Appropriations and Overexpenditures


Paid or Charged

Reserved

Surplus (General Budget) **

Total Expenditures

Unexpended Balance Canceled (See Footnote)

FOOTNOTES: - RE: OVEREXPENDITURES:Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggrega

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 "Ov

penditures" must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled"

in CashExcess orDeficit*

STATEMENT OF BUDGET APPROPRIATIONS

SCHEDULE OF WATER UTILITY BUDGET - 2016BUDGET REVENUES

Source Budget Received

Sheet 44

NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2016 Water 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: XXXXXX XX

Budget Revenue (Not Including "Deficit (General Budget)")

Miscellaneous Revenue Not Anticipated

2015 Appropriation Reserves Canceled *

Total Revenue Realized

Expenditures: XXXXXX XX

Appropriations (Not Including "Surplus (General Budget)") XXXXXX XX

Paid or Charged

Reserved

Expended Without Appropriation

Cash Refund of Prior Year's Revenue

Overexpenditure of Appropriation Reserves

Total ExpendituresLess: Deferred Charges Included In Above "Total Expenditures"

Total Expenditures - As Adjusted

Excess

Budget Appropriation - Surplus (General Budget) **Balance of "Results of 2016 Operation"

Remainder= ("Excess in Operations" - Sheet 46)

Deficit

Anticipated Revenue - Deficit (General Budget) **Balance of "Results of 2016 Operation"

Remainder= ("Operating Deficit - to Trial Balance" - Sheet 46)

SECTION 2:

The following Item of "2015 Appropriation Reserves Canceled in 2016" Is Due to the Current Fund TO THEEXTENT OF the amount Received and Due from the General Budget of 2015 for an Anticipated Deficit in theWater Utility for 2015:

2015 Appropriation Reserves Canceled in 2016Less: Anticipated Deficit in 2015 Budget - Amount Received and Due from Current Fund - If none, enter "None"

*Excess (Revenue Realized)

**Items must be shown in same amounts on Sheet 44.

STATEMENT OF 2016 OPERATIONWATER UTILITY

Sheet 45

Excess in Anticipated Revenues XXXXXX XX

Unexpended Balances of Appropriations XXXXXX XX

Miscellaneous Revenue Not Anticipated XXXXXX XX

Unexpended Balances of 2015 Appropriation Reserves * XXXXXX XX

Deficit in Anticipated Revenue XXXXXX XX

XXXXXX XX

Operating Deficit - to Trial Balance XXXXXX XX

Excess in Operations - to Operating Surplus XXXXXX XX

*See restriction in amount on Sheet 45, SECTION 2

OPERATING SURPLUS - WATER UTILITY

Balance January 1, 2016 XXXXXX XX

Excess in Results of 2016 Operations XXXXXX XX

Amount Appropriated in 2016 Budget - Cash XXXXXX XXAmount Appropriated in 2016 Budget with Prior WrittenConsent of Director of Local Government Services XXXXXX XX

Balance December 31, 2016 XXXXXX XX

Cash

Investments

Interfund Accounts Receivable

Subtotal

Deduct Cash Liabilities Marked with "C" on Trial Balance

Operating Surplus Cash or (Deficit in Operating Surplus Cash)

Other Assets Pledged to Operating Surplus*

Deferred Charges #

Operating Deficit #

Total Other Assets

# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2017 BUDGET.* In the case of a "Deficit in Operating Surplus Cash", "other Assets" would be also pledged to cash liabilities.

ANALYSIS OF BALANCE DECEMBER 31, 2016(FROM WATER UTILITY - TRIAL BALANCE)

RESULTS OF 2016 OPERATIONS - WATER UTILITY

Debit Credit

Debit Credit

Sheet 46

SCHEDULE OF WATER UTILITY ACCOUNTS RECEIVABLE

Balance December 31, 2015 $

Increased by:

Water Rents Levied $

Decreased by:

Collections $

Overpayments applied $

Transfer to Water Liens $

Other $

$


SCHEDULE OF WATER UTILITY LIENS


Increased by:

Transfers from Accounts Receivable $

Penalties and Costs $

Other $

$

Decreased by:

Collections $

Other $

$


Sheet 47

AmountCaused by Dec. 31, 2015 Amount in Amount Balance


1. Emergency Authorization - * $ $ $ $

2. $ $ $ $

3. $ $ $ $

4. $ $ $ $

5. $ $ $ $

6. $ $ $ $

7. $ $ $ $

8. $ $ $ $

9. $ $ $ $

DEFERRED CHARGES- MANDATORY CHARGES ONLY -

(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)

WATER UTILITY FUND

Sheet 48

10. $ $ $ $


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

1. $

2. $

3. $

4. $

5. $



In favor of On Account of Date Entered Amount Year 2017

1. $1. $

2. $

3. $

4. $

Sheet 48

SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2017 DEBT SERVICE FOR BONDS

WATER UTILITY ASSESSMENT BONDS

Outstanding January 1, 2016 XXXXXX XX

Issued XXXXXX XX

Paid XXXXXX XX

Outstanding December 31, 2016 XXXXXX XX

2017 Bond Maturities - Assessment Bonds $

2017 Interest on Bonds * $

WATER UTILITY CAPITAL BONDS


Issued XXXXXX XX

Paid XXXXXX XX


2017 Bond Maturities - Capital Bonds $


INTEREST ON BONDS - WATER UTILITY BUDGET

2017 Interest on Bonds (*Items) $

Less: Interest Accrued to 12/31/2016 (Trial Balance) $

Subtotal $

Add: Interest to be Accrued as of 12/31/2017 $

Required Appropriation 2017 $



2017 DebtService


Debit Credit

Sheet 49


WATER UTILITY LOAN


Issued XXXXXX XX

Paid XXXXXX XX


2017 Loan Maturities $

2017 Interest on Loans * $

WATER UTILITY LOAN


Issued XXXXXX XX

Paid XXXXXX XX




INTEREST ON LOANS - WATER UTILITY BUDGET

2017 Interest on Loans (*Items) $


Subtotal $






2017 Debt Service

Debit Credit

Sheet 49a

DEBT SERVICE SCHEDULE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES

1.

2.

3.

4.

5.

6.

7.

Sheet 50 8.

9.

10.

Important: If there is more than one utility in the municipality, identify each note. INTEREST ON NOTES - WATER UTILITY BUDGET

2017 Interest on Notes $


* See Sheet 33 for clarification of "Original Date of Issue". Subtotal $

All notes with an original date of issue of 2014 or prior require one legal payable installment to be budgeted if it Add: Interest to be Accrued as of 12/31/2017 $

is contemplated that such notes will be renewed in 2017 or written intent of permanent financing submitted. Required Appropriation - 2017 $

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

column. (Do not crowd - add additional sheets)

Title or Purpose of IssueOriginalAmountIssued

OriginalDate ofIssue*

Dec. 31, 2016

Date

For Interest**

Rateof

Interest

2017 Budget RequirementAmount

Outstanding For PrincipalMaturityofof Note

Sheet 50

DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES

InterestComputed to(Insert Date)

1.

2.

3.

4.

5.

6.

Sheet 51 7.

8.

9.

10.

11.

12.

13.

14.

15.

Important: If there is more than one utility in the municipality, identify each note.Memo *See Sheet 33 for clarification of "Original Date of Issue".

Utility Assessment Notes with an original date of issue of December 31, 2014 or prior require one legally payable installment to be budgeted in the 2017 Dedicated Utility Assessment Budgetif it is contemplated that such notes will be renewed in 2017 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".

Title or Purpose of Issue Amount Date of of Note ofIssued

Dec. 31, 2016 **

Date RateOriginal Original Amount

For PrincipalIssue* Outstanding Maturity Interest


For Interestof

Sheet 51

Purpose

1.

2.

3.

4.

5.

6.

Sheet 51a 7.

8.

9.

10.

11.

12.

13.

14.

Total



Dec. 31, 2016Outstandingof Obligation

Amount 2017 Budget Requirement

For Principal For Interest/Fees

Sheet 51a

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)



Sheet 52

Total 70000-

Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.

Balance - January 1, 2016

Funded Unfunded2016

Authorizations Unfunded

Balance - December 31, 2016Expended Authorizations

Canceled Funded

Sheet 52

WATER UTILITY CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND


Received from 2016 Budget Appropriation * XXXXXX XX

XXXXXX XXImprovement Authorizations Canceled

(financed in whole by the Capital Improvement Fund) XXXXXX XX

List by Improvements - Direct Charges Made for Preliminary Costs: XXXXXX XX XXXXXX XX

XXXXXX XX

XXXXXX XX

XXXXXX XX

XXXXXX XX

XXXXXX XX

XXXXXX XX

XXXXXX XX

Appropriated to Finance Improvement Authorizations XXXXXX XX

XXXXXX XX


WATER UTILITY CAPITAL FUND SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Debit Credit



Received from 2016 Emergency Appropriation * XXXXXX XX


XXXXXX XX


*The full amount of the 2016 appropriation should be transferred to this account unless the balance of theappropriation is permitted to lapse.

Debit Credit

Sheet 53

UTILITY FUND CAPITAL IMPROVEMENTS AUTHORIZED IN 2016

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

UTILITIES ONLY

Total

WATER UTILITY CAPITAL FUND STATEMENT OF CAPITAL SURPLUS

YEAR 2016


Premium on Sale of Bonds XXXXXX XX

Funded Improvement Authorizations Canceled XXXXXX XX


Appropriated to 2016 Budget Revenue XXXXXX XX


of 2016 or PriorPayment in BudgetAmount of Down

Years

Credit

AmountAppropriatedPurpose

Debit


TotalObligationsAuthorized

Sheet 54

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

POST CLOSING TRIAL BALANCE - GOLF UTILITY FUND


OPERATING AND CAPITAL SECTIONS(Separately Stated)

Cash Liabilities Must Be Subtotaled and Subtotal Must Be Marked With "C"


Change Fund 100.00

Emergency-Deferred Charge 10,000.00

Reserve for Encumbrances 1,581.06 C

Appropriation Reserves 14,007.95 C

Due Veterans Administration 10,000.00 C

Subtotal of Cash Liabilities 25,589.01

Fund Balance - Reserved 95,908.20

121,497.21 121,497.21 -


CreditDebitTitle of Account

Sheet 55

POST CLOSING TRIAL BALANCEUTILITY ASSESSMENT TRUST FUNDS

IF MORE THAN ONE UTILITYEACH ASSESSMENT SECTION MUST BE SEPARATELY STATED



Debit CreditTitle of Account

Sheet 56

ANALYSIS OF GOLF UTILITY ASSESSMENT TRUST CASH AND INVESTMENTSPLEDGED TO LIABILITIES AND SURPLUS

Assessment Serial Bond Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX

Sheet 57 Assessment Bond Anticipation Note Issues: XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX

Other Liabilities

Trust Surplus

Less Assets "Unfinanced" XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX

Title of Liability to which Cashand Investments are Pledged

AuditBalance

Dec. 31, 2015and Liens

OperatingBudget

DisbursementsBalance

Dec. 31, 2016RECEIPTS

Assessments

Sheet 57

SCHEDULE OF GOLF UTILITY BUDGET - 2016

BUDGET REVENUES

Operating Surplus Anticipated ____________ 01 117,495.00 117,495.00 - Operating Surplus Anticipated with Consentof Director of Local Govt. Services ____________ 02 -

Membership 335,000.00 344,330.00 9,330.00

Irrigation Assessments 14,500.00 17,375.00 2,875.00

Miscellaneous 75,000.00 71,788.79 (3,211.21)

-

-

Added by N.J.S. 40A:4-87 (List) XXXXXX XX XXXXXX XX -

-

-

-

Subtotal 541,995.00 550,988.79 8,993.79

Deficit (General Budget) ** ____________ 07 - -

____________ 08 541,995.00 550,988.79 8,993.79

**Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" must agree with

amounts shown for such items on Sheet 59.

STATEMENT OF BUDGET APPROPRIATIONS

Appropriations: XXXXXX XX

Adopted Budget 541,995.00

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

Emergency 10,000.00

Total Appropriations 551,995.00

Add: Overexpenditures (See Footnote) -

Total Appropriations and Overexpenditures 551,995.00


Paid or Charged 537,987.05

Reserved 14,007.95

Surplus (General Budget) **

Total Expenditures 551,995.00

Unexpended Balance Canceled (See Footnote) -

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 BALANCE CANCELED:Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Over expenditures"

must equal the sum of "Total Expenditures" and "Unexpended Balances Canceled"

Deficit*in CashSource Budget Received Excess or

Sheet 58

STATEMENT OF 2016 OPERATIONUTILITY

NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2016 GOLF 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: N/A

Revenue Realized: XXXXXX XX

Budget Revenue (Not Including "Deficit (General Budget)")

Miscellaneous Revenue Not Anticipated2015 Appropriation Reserves Canceled * (Excess Revenue Realized)

Total Revenue Realized

Expenditures: XXXXXX XX

Appropriations (Not Including "Surplus (General Budget)") XXXXXX XX

Paid or Charged

Reserved

Expended Without Appropriation

Cash Refund of Prior Year's Revenue

Overexpenditure of Appropriation Reserves

Total Expenditures Less: Deferred Charges Included In

Above "Total Expenditures"

Total Expenditures - As Adjusted

Excess

Budget Appropriation - Surplus (General Budget) **Remainder = Balance of "Results of 2016 Operation" ("Excess in Operations" - Sheet 60)

Deficit

Anticipated Revenue - Deficit (General Budget) **Remainder = Balance of "Results of 2016 Operation" ("Operating Deficit - to Trial Balance" - Sheet 60)

SECTION 2:

The following Item of "2015 Appropriation Reserves Canceled in 2016" Is Due to the Current Fund TO THEEXTENT OF the amount Received and Due from the General Budget of 2015 for an Anticipated Deficit in theGolf Utility for 2015:

2015 Appropriation Reserves Canceled in 2016 5,814.90 Less: Anticipated Deficit in 2015 Budget - Amount Received and Due from Current Fund - If none, enter "None" None

* Excess (Revenue Realized) 5,814.90

**Items must be shown in same amounts on Sheet 58.

GOLF

Sheet 59

RESULTS OF 2016 OPERATIONS UTILITY

Excess in Anticipated Revenues XXXXXX XX 8,993.79

Unexpended Balances of Appropriations Canceled XXXXXX XX -

Miscellaneous Revenue Not Anticipated XXXXXX XX

Unexpended Balances of 2015 Appropriation Reserves* XXXXXX XX 5,814.90

Deficit in Anticipated Revenue XXXXXX XX

Amount Due Veterans Administration 10,000.00 XXXXXX XX

Operating Deficit - to Trial Balance XXXXXX XX

Excess in Operations - to Operating Surplus 4,808.69 XXXXXX XX* See restriction in amount on Sheet 59, SECTION 2 14,808.69 14,808.69

OPERATING SURPLUS - UTILITY

Balance January 1, 2016 XXXXXX XX 208,594.51

Excess in Results of 2016 Operations XXXXXX XX 4,808.69

Amount Appropriated in 2016 Budget - Cash 117,495.00 XXXXXX XXAmount Appropriated in 2016 Budget with Prior Written Consent

of Director of Local Government Services XXXXXX XX

Balance December 31, 2016 95,908.20 XXXXXX XX

213,403.20 213,403.20

ANALYSIS OF BALANCE DECEMBER 31, 2016(FROM UTILITY - TRIAL BALANCE)

Cash 111,497.21

Investments

Interfund Accounts Receivable

Subtotal 111,497.21

Deduct Cash Liabilities Marked with "C" on Trial Balance -

Operating Surplus Cash or (Deficit in Operating Surplus Cash) 111,497.21

*Other Assets Pledged to Operating Surplus

Deferred Charges # - Emergency Reso #2016-0457 10,000.00

Operating Deficit #

Total Other Assets 10,000.00

# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2017 BUDGET 121,497.21

* In the case of a "Deficit in Operating Surplus Cash", "Other Assets" would also be pledged to cashliabilities

GOLF

GOLF

GOLF

Debit Credit

Debit Credit

Sheet 60

SCHEDULE OF UTILITY ACCOUNTS RECEIVABLE


Increased by:

Rents Levied $

Decreased by:

Collections $

Overpayments applied $

Transfer to Liens $

Other $

$


SCHEDULE OF LIENS


Increased by:

Transfers from Accounts Receivable $

Penalties and Costs $

Other $

$

Decreased by:

Collections $

Other $ $


GOLF

GOLF

Sheet 61

DEFERRED CHARGES- MANDATORY CHARGES ONLY -

GOLF UTILITY FUND(Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, listed on Sheet 29)

AmountCaused by Dec. 31, 2015 Amount in Amount Balance


1. Emergency Authorization - * $ 0 $ 0 $ 10,000.00 $ 10,000.00

2. $ $ $ $

3. $ $ $ $

4. $ $ $ $

5. $ $ $ $

6. $ $ $ $

7. $ $ $ $

8. $ $ $ $

9. $ $ $ $

10. $ $ $ $


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

1. $

2. $

3. $

4. $

5. $



In favor of On Account of Date Entered Amount Year 2017

1. $

2. $

3. $

4. $

Sheet 62

SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2017 DEBT SERVICE FOR BONDS

UTILITY ASSESSMENT BONDS


Issued XXXXXX XX

Paid XXXXXX XX


2017 Bond Maturities - Assessment Bonds $2017 Interest on Bonds * $

UTILITY CAPITAL BONDS


Issued XXXXXX XX

Paid XXXXXX XX


2017 Bond Maturities - Capital Bonds $


INTEREST ON BONDS - UTILITY BUDGET

2017 Interest on Bonds (*Items) $


Subtotal $





GOLF

GOLF

GOLF

Purpose

Debit Credit 2017 DebtService

2017 Maturity Amount Issued

Sheet 63


UTILITY LOAN


Issued XXXXXX XX

Paid XXXXXX XX


2017 Loan Maturities $2017 Interest on Loans * $

UTILITY LOAN


Issued XXXXXX XX

Paid XXXXXX XX




INTEREST ON LOANS - UTILITY BUDGET

2017 Interest on Loans (*Items) $


Subtotal $





GOLF

GOLF

GOLF

2017 DebtService


Debit Credit

Sheet 63a

DEBT SERVICE SCHEDULE FOR UTILITY NOTES (OTHER THAN UTILITY ASSESSMENT NOTES)

1.

2.

3.

4.

5.

6.

Sheet 64 7.

8.

9.

10.

Important: If there is more than one utility in the municipality, identify each note. INTEREST ON NOTES - UTILITY BUDGET

2017 Interest on Notes $

Less: Interest Accrued to 12/31/2016 Trial Balance) $

* See Sheet 33 for clarification of "Original Date of Issue". Subtotal $

All notes with an original date of issue of 2014 or prior require one legal payable installment to be budgeted if it Add: Interest to be Accrued as of 12/31/2017 $

is contemplated that such notes will be renewed in 2017 or written intent of permanent financing submitted. Required Appropriation - 2017 $

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

column. (Do not crowd - add additional sheets)

Title or Purpose of IssueOriginal

MaturityDate ofIssue*

ofof NoteAmount

Outstanding

OriginalAmountIssued

Dec. 31, 2016

Date

For Interest**

Rateof

Interest


For Principal

Sheet 64

DEBT SERVICE SCHEDULE FOR UTILITY ASSESSMENT NOTES

InterestComputed to(Insert Date)

1.

2.

3.

4.

5.

6.

Sheet 65 7.

8.

9.

10.

11.

12.

13.

14.

15.

Important: If there is more than one utility in the municipality, identify each note.Memo: *See Sheet 33 for clarification of "Original Date of Issue".

Utility Assessment Notes with an original date of issue of December 31, 2014 or prior require one legally payable installment to be budgeted in the 2017 Dediacted Utility Assessment Budgetif it is contemplated that such notes will be renewed in 2017 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".

Title or Purpose of Issue Amount Date of of Note ofIssued

Dec. 31, 2016 **

Date RateOriginal Original Amount

For PrincipalIssue* Outstanding Maturity Interest


For Interestof

Sheet 65

Purpose

1.

2.

3.

4.

5.

6.

Sheet 65a 7.

8.

9.

10.

11.

12.

13.

14.

Total80051-01 80051-02


Dec. 31, 2016For Principal


For Interest/Fees


Amountof ObligationOutstanding

Sheet 65a

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (UTILITY CAPITAL FUND)



Sheet 66

Total 70000- Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.

Balance - December 31, 2016Authorizations

Canceled Funded UnfundedExpended

Balance - January 1, 2016

Funded Unfunded2016

Authorizations

Sheet 66

UTILITY CAPITAL FUND SCHEDULE OF CAPITAL IMPROVEMENT FUND



XXXXXX XXImprovement Authorizations Canceled

(financed in whole by the Capital Improvement Fund) XXXXXX XX

List by Improvements - Direct Charges Made for Preliminary Costs: XXXXXX XX XXXXXX XX

XXXXXX XX

XXXXXX XX

XXXXXX XX

XXXXXX XX

XXXXXX XX

XXXXXX XX

XXXXXX XX


XXXXXX XX


UTILITY CAPITAL FUND SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS



Received from 2016 Emergency Appropriation * XXXXXX XX


XXXXXX XX


*The full amount of the 2016 appropriation should be transferred to this account unless the balance of theappropriation is permitted to lapse.

Debit Credit

CreditDebit

GOLF

GOLF

Sheet 67

UTILITY FUND CAPITAL IMPROVEMENTS AUTHORIZED IN 2016

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

UTILITIES ONLY

UTILITY CAPITAL FUND STATEMENT OF CAPITAL SURPLUS

YEAR 2016


Premium on Sale of Bonds XXXXXX XX

Funded Improvement Authorizations Canceled XXXXXX XX


Appropriated to 2016 Budget Revenue XXXXXX XX


GOLF

Authorized


PurposeAmount

AppropriatedTotal

Obligations

Debit Credit

Amount of DownPayment in Budget

of 2016 or PriorYears

Sheet 68

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