SFYSURPLUS-CURRENTFUND

YEAR 2010

Debit Credit

1. Balance July 1, 2009 80014 - 01 XXXXXXXX 14,110,823.66·

2. XXXXXXXX3. Excess Resulting from SFY 2010 Operations 80014 - 02 XXXXXXXX 6,364,756.83

4. Amount Appropriated in the SFY 2010 Budget - Cash 80014 - 03 500,000.00 XXXXXXXX5. Amount Appropriated in SFY 2010 Budget - with Prior Writ-

ten Consent of Director of Local Government Services 80014 - 04 XXXXXXXX6. XXXXXXXX7. Balance June 30, 2010 80014 - OS 19,975,580.49 XXXXX)(XX

20,475,580.49 20,47.~,580.49

ANALYSIS OF BALANCE DECEMBER 31,2010(FROM CURRENT FUND - TRIAL BALANCE)

Cash 80014 - 06 20,355,341.38

Investments 80014 - 07

Sub Total 20,355,341.38r

Deduct Cash Liabilities Marked with "C" on Trial Balance 80014 - 08 8,522,126.10

~hsurplus 1 80014 -, ~,833,215.~----- ~

De . . . roo 4rPIus 80014 - 10 -Other Assets Pledged to Surplus: *

(1) Due from State of N.J. SeniorCitizens and Veterans Deduction 80014 - 16 45,402;-3"5-

Deferred Charges # 80014 - 12 ~962.86 )Cash Deficit # 80014 - 13 '----- /'---

Total Other Assets 80014 -14 8,142,365.21

* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", OTHER ASSETS 80014 - 15 19,975,580.49

WOULD ALSO BE PLEDGED TO CASH LIABILITIES.# MAY NOT BE ANTICIPATED AS NON - CASH SURPLUS IN 2011 BUDGET.(1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.

NOTE: Deferred charges for authorizations under N.J.S. 40AA-55 (TaxMap ect.), N.J.S. 40A:4·55 (Flood Damage, ect.),NJ.S.40A:4-55.1 (Roads and Bridges, ect.) and NJ.S. 40A:4-55.13 (public Exigencies, ect.) to the extent of emergency notes issued

and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.

Sheet 21

fJ L'I'l1 1\L

S'u(tfL<U r

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

POST CLOSINGTRIAL BALANCE - CURRENT FUND -

AS AT JUNE 30, 2010

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

Title of Account Debit Credit

ENCUMBRANCES 2,034,169.99

APPROPRIATION RESERVES 3,712,830.69

DUE TO OTHER TRUST FUND 124,296.94

RESERVE FOR RETRO PAY 1,408,303.23

TAX ANTICIPATION NOTES

TAX OVERPAYMENTS 323,322.32

RESERVE FOR MORTGAGE RECEIVABLE 639,065.16

COUNTY TAXES 5% PILOT 67,077.00

OTHER RESERVES 1,029.42

RESERVE FOR DETENTION CENTER 1,281.00

RESERVE FRO PUBLIC ASSISTANCE 8,714.00.

RESERVE FOR RAGAMUFFIN PARK 7,306.35

RESERVE FOR 911 49,248.00

SCHOOL TAXES PAYABLE 9.00

RESERVE FOR DARE 8,964.00

RESERVE FOR SINATRA PARK 23,241.00

RESERVE FOR MASTER PLAN 113,268.00

8,522,126.10

RESERVE FOR RECEIVABLES 4,677,478.72

FUND BALANCE <;UILPLl; Y 19,975,580.49

33,175,185.31 33,175,185.31

"G"

(DO NOT CROWD - ADD ADDITIONAL SHEETS)

Sheet 3-A

--.--.- ••••••.• ~-.<--- .- .. - •• ,-.-~- •. -.__ .._----_ ..•..... ~--.-....-.-.----- ---- -.~...-...--.-~------~ ..--.•..-.------ ..--.....--..... ,.-~-...----~----.--.----------- ..----- .."..-.-.~~...--...~---.-- - .-- -- -------,- -- --- ¥_-

CURRENT FUND BALANCE SHEET - JUNE 30, 2009

APPENDIX TO BUDGET STATEMENTCOMPARATIVE STATEMENT OF CURRENT FUND OPERATIONS AND

CHANGE IN CURRENT SURPLUS

SFY

ASSETS

Cash and Investments 1110100 32,297,743.02

Due from State of N.J. (c.20, P.L. 1971) 1111000 49,017.35

Federal and State Grants Receivable 1110200

Receivables with Offsetting Reserves: XXXXX xx.xxxxxxxxTaxes Receivable 1110300 379,661.29

Tax Title Liens Receivable 1110400 337,093.70

Property Acquired by Tax Title Lien 2,806,900.00

Liquidation 1110500

Other Receivables 1110600 1,008,831.66

Deferred Charges Required to be in SFY 2009 Bu 1110700

Deferred Charges Required to be in Budgets 9,716,355.43

Subsequent to SFY 2009 1110800

Total Assets 1110900 46,595,602.45

LIABILITIES, RESERVES AND SURPLUS

(2,-5,\(\.'\ c,-""

A~ ~ f--G r';;:-

-

'Cash Liabilites 2110100 28,053,756.14

Reserves for Receivables 2110200 4,532,486.65

Surplus 2110300 14,009,359.66

Total Liabilities, Reserves and Surplus 46,595,602.45

School Tax Levy Unpaid 2220100

Less: School Tax Deferred 2220200*Balance Included in Above

"Cash Liabili1ies" 2220300

(Important: This appendix must be included in advertisement of budget.)

SFY09 SFY08

Surplus Balance, July 1st 2310100

CURRENT REVENUE ON A CASH BASIS:

Current Taxes

'(Percentage collected: SFY09 98 ..59% SFY08 74.86% 2310200

Delinquent Taxes 2310300

Other Revenues and Additions to Income 2310400

Total Funds 2310500 0.00EXPENDITURES AND TAX REQUIREMENTS:

Municipal Appropriations 2310600

School Taxes (Including Local and Regional) 2310700

County Taxes (Including Added Tax Amounts) 2310800

Special District Taxes 2310900

Other Expenditures and Deductions from Income 2311000

Total Expenditures and Tax Requirements 2311100 0.00

Less: Expenditures to be Raised by Future Taxes 2311200

Total Adjusted Expenditures and Tax Requirements 2311300 0.00

Surplus Balance - June 30th 2311400 0.00

'Nearest even percentage may be used

......,...~--....-....--- --. - ...........~. _..- --'r'-- ... _.. ---- -_ ...;:,....•.

Surplus Balance June 30, 2008 0.00

Current Surplus Anticipated inSFY 2009 Budget

Surplus Balance Remaining 0.00

Sheet 38