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ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2014 (UNAUDITED)
POPULATION LAST CENSUS (2013"-) _______ =25'-',2"'0'-'9 ________ _
NllT VALUATION TAXABLE 2014:_ _ _,$'-------=2"-,7-'48,_,0"'9'-"2-",9-'-17:_ __________ _
MUNICODE __ Oeo2cc06"-------------
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES- JANUARY 26,2015
MUNICIPALITIES- FEBRUARY 10,2015
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 SERVICES,
------------------~B~o~r~o~unh~ ___________ of ----~C~I~if~ffi~id~e~P~a~r~k~ _________ ,Councyof -'B~e~rg~e~n~----------
1
2
SEE BACK COVER FOR INDEX AND INSTRUCTIONS, DO NOT USE THESE SPACES
Date Examined By:
I hereby certify that the debt shown on Sheets 31 to 34a, 49 to 51 a and 63 to 65a are com can be supported upon demand by a register or other detailed analysis.
Signature
Title
Preliminary Check
Examined
(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, which I have not prepared, 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, ~F_crank=:..:B:::e::r,:;arc;dc:co ________________________________ --:,---~-' am the Chief Financial Officer, License# 0~0124 , of the Borou h of Cliffside Park , County of Ber en 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 31,2014, 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 Govern~ ment Services, including the verification of cash balances as of December 31,2014.
Signature
Title ChiefFinancial Officer
Address 525 Palisade Avenue, Cliffside Park, NJ 07010
Phone Number 20I-3I3-2053
Fax Number 20 I-941-0626
Email tberarQ.o(iVcli ffsideparkni . gov
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.
Sheet 1 Borough of Cliffside Park
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 Borough of Cliffside Park as of December 31,2014 and have applied certain agreed~upon procedures thereon as prom~ ulgated 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-l2, 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, (e:~:eept fer eireumstanees as set ferth below, no matters) no matters) (eliminate one] came to my attention that caused me to believe that the Annual Financial Statement for the year ended 12/3112014 is not in substantial compliance with there-quirements 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:
NONE
Certified by me
This ___i_ day of :;.~ ,2015
1stered Municipal Accountant
Lerch, Vinci & Higgins, LLP (Firm Name)
17-17 Route 208 (Address)
FairLawn, NJ 07410 (Address)
(201) 791-7100 (Phone Number)
(201) 791-3035 {Fax Number
[email protected] (email)
Sheet Ia Borough of Cliffside Park
UNIFORM CONSTRUCTION CODE CERTIFICATION BY CONSTRUCTION CODE OFFICIAL
The undersigned certifies that the municipality has compiled with the regula
tions governing revenues generated by uniform construction code fees and
expenditures for construction code operations for fiscal year 2014 as required
underN.J.A.C. 5:23-4.17.
Printed Name: John Candelmo
Signature:
Certificate #: oo5648 ~~-------------------
Date:
Sheet lb Borough of Cliffside Park
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION BY
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 3.5o/o
2. All emergencies approved for the previous fiscal year did not exceed 3°/o appropriations;
3. The tax collection rate exceeded 90o/o
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 Ia of the Annual Financial Statement; and
6. There was no operating deficit for the previous fiscal year.
of total
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 piau to conduct one in the current year.
9. The current year budget does not contain an appropriation or levy "CAP" wavier.
10. The municipality will not apply for Transitional Aid for 2015.
The undersigned certifies that this municipality has complied 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: Borough of Cliffside Park
ChiefFinaucial Officer: Frank Berardo
Signature:
Certificate #: 0-0124
Date:
CERTIFICATION OF NON-QUALIFYING MUNICIPALITY
The undersigned certifies that this municioalitv 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:
Chief Financial Officer:
Signature:
Certificate#:
Date:
Sheet lc Borough of Cliffside Park
22-6001723 Fed J.D.#
Borough of Cliffside Park Municipality
Bergen County
Report of Federal and State Financial Assistance
Expenditures of Awards
Fiscal Year Ending: 12/3112014
(I) (2)
Federal Programs
(3)
Expended State Other Federal (administered by Programs Programs
the State) Expended Expended
TOTAL $ _____ 1~5~0,~00~0- $ ----'2"-'l-'-"7 '"'80~6- $ ______ _
Type of Audit required by OMB A-133 and OMB 04-04:
X Single Audit
_______ Program Specific Audit
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 A-133 (Revised 6/27/03) and OMB 04-04. The single audit threshold has been increased to $500,000 beginning with fiscal year ending 12/31/04. Expenditures are defined in Section 205 ofOMB A-133.
( 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 there are no compliance requirements.
(3) Report expenditures from federal programs received directly from the federal government or indirectly from entities other than state governments.
Signature Of Chief Financial Officer Date
Sheet ld Borough of Cliffside Park
IMPORTANT!
READ INSTRUCTIONS
INSTRUCTION
The following certification is to be used ONLY in the event there is NO municipality oper-
ated utility.
If there is a utility operated by the municipality or if a 11Utility fund" existed on the books of
account, do not sign this statement and do not remove any of the UTILITY sheets from the docu-
ment.
CERTIFICATION
I hereby certify that there was no "utility fundn on the books of account and there was no
utility owned and operated by the _,B::.:o"-ro"'u"'g20h:_ _______ of Cliffside Park
County of _,B::.;e:.:r"'ge.::n::_ _____ during the year 2014 and that sheets 40 to 68 are unnec-
essary.
I have therefore removed from this statement the sheets pertaining only to utilities
Name _______________ ___
Title Chief Financial Officer
(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Munici-
pal Accountant.)
NOTE:
When removing the utility sheets, please be sure to refasten the "index11 sheet (the last sheet
in the statement) in order to provide a protective cover sheet to the back of the document.
MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2014
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for
the tax year 2014 and filed with the County Board of Taxation on January 10,2015 in accordance
with the requirement ofN.J.S.A. 54:4-35, was in the amount of $-------------
SIGNATURE OF TAX ASSESSOR
Borough of Cliffside Park MUNICIPALITY
Bergen COUNTY
Sheet 2 Borough of Cliffside Park
NOTE THAT A TRlAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING TRIAL BALANCE- CURRENT FUND
AS AT DECEMBER 31,2014
Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C"- Taxes Receivable Must Be Subtotaled
Title of Account Debit Credit
Cash $ 7,715,497
Cash - Change Fund 250
Sub-Total- Cash 7,715,747
Due from State ofNJ- Senior Citizen & Veteran Deductions 1,500
Grants Receivable 682,505
Deferred Charges- Special Emergency Approp. 1,000,000
Receivables and Other Assets with Full Reserves
Current Taxes Receivable 1,059,788
Tax Title Liens Receivable 13,879
Property Acquired for Taxes 31,387
Due from General Capital Fund 799,531
Sub-Total 1,904,585
Prepaid Taxes $ 503,772
Accounts Payable 122,244
Appropriation Reserves 306,884
Taxes Overpayments 126,652
Other Payable 17,065
Reserve for Tax Appeals Pending 587,689
Reserve for Pension 785
Reserve for Sewer Hookups 178,457
Encumbrances Payable 529,212
Reserve for Summer Food Program 3,966
Reserve for Sale of Assets 567,534
Reserve for FEMA Reimbursement- Special Emergency Hurricane 182,705
Reserve for Grants - Appropriated:
Storm water Grant 4,466
CDBG-Sewer Rehab 5,758
Clean Communities 16,886
Reserve for Grants- Unappropriated:
Drunk Driving Enforcement Fund 8,458
Body Armor 9,987
Sub-Total 11,304,337 3,172 520
(Do not crowd- add additional sheets)
Sheet 3 Borough of Cliffside Park
NOTE THAT A TRJAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET
POST CLOSING TRIAL BALANCE - CURRENT FUND (CONT'D)
AS AT DECEMBER 31,2014
Cash Liabilities Must be Subtotaled and Subtotal Must be Marked With "C" -Taxes Receivable Must Be Subtotaled
Title of Account Debit E Carried forward $ 11,304,337 $ 3,172,520
Unappropriated Grants (Continued)
Clean Communities 32,484
Drive Sober 5,000
Municipal Alliance 6,239
Sub-Total 3,216,243 "C"
Reserve for Receivables 1,904,585
Special Emergency Note Payable 900,000
Fund Balance 5,283,509
TOTALS $ 11,304,337 $ 11,304,337
(Do not crowd - add additional sheets)
Sheet 3a Borough of Cliffside Park
POST CLOSING TRIAL BALANCE- PUBLIC ASSISTANCE FUND
Accounts #I and #2 * AS AT DECEMBER 31,2014
Title of Account Debit
NOT APPLICABLE $ -
(Do not crowd -add additional sheets)
*To be prepared in compliance with Department of Human Services Municipal Audit Guide,
Public Welfare, General Assistance Program.
Sheet 4
Credit
$ -
Borough of Cliffside Park
POST CLOSING TRIAL BALANCE- FREE PUBLIC LIBRARY FUND
AS AT DECEMBER31, 2014
Title of Account Debit Credit
Cash $ 237,889
Fund Balance $ 237,889
TOTALS $ 237,889 $ 237,889
(Do not crowd - add additional sheets)
Sheet 4a
Sheet 4a Borough of Cliffside Park
POST CLOSING TRIAL BALANCE -FEDERAL AND STATE GRANTS
AS AT DECEMBER31, 2014
Title of Account
I Debit Credit
NOT APPLICABLE
(Do not crowd - add additional sheets)
Sheet 5 Borough of Cliffside Park
POST CLOSING TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must be Separately Stated)
AS AT DECEMBER31, 2014
Title of Account Debit
Animal Control Fund
Cash $ 3,013
Due to State
Reserve for Expenditures
TOTALS $ 3013
Trust - Other
Cash - Unemployment $ 27,189
Cash - Trust Other 909,761
Payroll Deductions Payable
Reserve For:
Unemployment
Montvale Escrow
Recycling
Land Development Costs
Parking Offenses Adjudication Act
Premium Tax Sale
Educated PAL
Street Opening Deposits
Confiscated Funds
Zalewski Park
Outside TTL
Uniform Fire Safety Act- Fines
Miscellaneous
TOTALS $ 936,950
(Do not crowd - add additional sheets)
Sheet 6
$
$
$
$
Credit
1
3,012
3,013
14,026
27,189
57,768
12,571
117,191
38,212
480,426
3,844
19,000
83,631
52,000
12,273
3,374
15,445
936,950
Borough of Cliffside Park
MUNICIPAL PUBLIC DEFENDER CERTIFICATION
Public Law 1998, C. 256
Municipal Public Defender Expended Prior Year 2013: (1) $ x ___________ 2=5~'cc*
NIA (2) $
Municipal Public Defender Trust Cash Balance December 31, 2014: (3) $
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 governin~ Municipal Public Defender as required under Public Law 1998, C. 256.
Chief Financial Officer:
Signature:
Certificate#:
Date:
Sheet 6a Borough of Cliffside Park
Schedule of Trust Fund Reserves
Amount Dec. 31,2013 Balance
per Audit as at Purpose Report Receipts Disbursements Dec. 31,2014
1. Street Opening Deposits $ 16,000 $ 10,000 7,000 $ 19,000
2. P.O.A.A. 33,495 4,717 38,212
3. Recycling 29,353 54,262 71,044 12,571
4. Redemption of Outside Liens 474,776 462,503 12,273
5. Uniform Fire Safety Fines 4,538 1,450 2,614 3,374
6. Escrow Deposits 209,824 92,350 184,983 117,191
7. Premium on Tax Sale 504,200 295,900 319,674 480,426
8. Educated PAL 3,844 3,844
9. Montvale Escrow 57,768 57,768
10. Police Detail 290,995 290,995 0
11. Zalewski Park 52,000 52,000
12. Confiscated Funds 95,638 148,133 160,140 83,631
13. Miscellaneous 15,445 15,445
14.
15.
16.
17. -----------------
18. ________________ _
19. ________________ _
20. ________________ _
21. -------------------
Totals: $ 1,022,105 1,372,583 1 ,498,953 $ __ .:..:89...::.5.:_;_, 7.:..:3 5:_
Sheet 6b Borough of Cliffside Park
"' [ ...,
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS
-··-
Audit RECEIPTS
Title of Liability to which Cash Balance Assessments Current Disbursements Balance
and Investments are Pledged Dee. 31,2013 and Liens Budget Dee. 31, 2014
Assessment Serial Bond Issues: XX XXX XX XXX XX XX xxxxx XX xxxxx XX xxxxx XX xxxxx XX xxxxx XX xxxxx XX
NOT APPLICABLE
Assessment Bond Anticipation Note Issues: XX XXX XX XXX XX XX xxxxx XX xxxxx XX xxxxx XX xxxxx XX xxxxx XX xxxxx XX
Other Liabilities
Trust Surplus
Less Assets "Unfinanced" xxxxx XX XXX XX XX xxxxx XX xxxxx XX xxxxx XX xxxxx XX xxxxx XX xxxxx XX
Shcet7 Borough of Cliffside Park
POST CLOSING TRIAL BALANCE- GENERAL CAPITAL FUND
AS ATDECEMBER31, 2014
Title of Account Debit Credit
I
Est. Proceeds Bonds and Notes Authorized $ 153,019 xxxxxxx XX
Bonds and Notes Authorized but Not Issued xxxxxxxx XX $ 153,019
Cash 4,049,820
Cash- Trustee 4,804,384
Total- Cash 8,854,204
Grant Receivable 64,000
Deferred Charges Funded 27,637,000
Deferred Charges Unfunded 15,412,019
Bond Anticipation Notes Payable 15,259,000
Bonds Payable 27,637,000
Due to Current Fund 799,531
Due to Other Trust Fund
Capital Improvement Fund 68,309
Contracts Payable 4,834,652
Improvement Authorizations
Funded 371,661
Unfunded 1,863,583
Reserve for Premium- Due to Developer 86,530
Reserve for Payment of Debt 945,000
Reserve for Interest- Due to Developer 14,940
Fund Balance 87,017
$ 52,120,242 $ 52,120,242
(Do not crowd - add additional sheets)
Sheet 8 Borough of Cliffside Park
CASH RECONCILIATION DECEMBER 31, 2014
Cash Less Checks Cash Book •on Hand OnDepos1t Outstanding Balance
Current $ 7,915,069 $ 199,572 $ 7,715,497
Trust - Unemployment 27,189 27,189
Trust - Dog License 3,013 3,013
Trust - Other 310 917,922 8,469 909,763
Capital - General 8,855,654 1,450 8,854,204
Public Assistance**
Public Library 241,064 3,175 237,889
Total $ 310 $ 17,959,911 $ 212,666 $ 17,747,555
* - 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 baok statements, certificates, agreements or passbooks at December 31, 20 !4, 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, 2014, All "Certificates ofDeposit 11
, 11 Repurchase Agreements" and other investments must be reported as cash and included in
this certification. (THIS MUST BE SIGNED B
CHIEF FINANCIAL OFFICER) CIPAL ACCOUNTANT (STATUTORY AUDITOR) OR ual Financial Statement as certified to on Sheet I or !(a),
Signature: --,#~~l:::d::~Zl::::d~:::::::::::_ __ ~::._- Title: Registered Municipal Accountant
Sheet 9 Borough of Cliffside Park
CASH RECONCILIATION DECEMBER 31, 2014 (cont'd. LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
TDBANK
Redevelopment Account $ I
Dog Account 3,013
Unemployment Insurance Fund 27,189
Trust - Other Funds Account 841,147
Montvale Escrow Account 57,768
Free Public Library 69,735
Free Public Library - Gift Account 23,976
Free Public Library - Grant Account 9,214
Free Public Library - Capital Checking 117,598
TOTALS $ 1,149,641
US BANK
Capital- Trustee 4,804,384
BANK OF NEW JERSEY
Current Checking 7,915,069
Payroll Deductions 13,584
Payroll 5,422
Library 20,541
Capital - Regular 3,942,008
Capital -Redevelopment 109,262
TOTALS $ 12,005,886
GRANDTOTAL-ALLBANKS $ 17,959,911
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.
Sheet 9a Borough of Cliffside Park
Grant
COPS - CAD Technology Grant $ w
[ 0 Bergen County Open Space
NJ Transportation Trust Fund-Columbia Ave
CDBG-Sewer Separation Project
Bergen County Open Space-2012
CDBG-Lawton Ave Sewer Improvement
CDBG-Improvements to Memorial Park
Bergen County Open Space- Auxiliary Fields
Green Acres-Auxiliary Fields
CDBG-Streetscape Improvements to Palisades Avenue
Bergen County Open Space-Auxiliary Fields
NJ DOT-ADA Curb Ramp Improvements
NJDOA- Summer Food Program
NJDOT lmpvts. To Lafayette A venue
CDBG- Improvements to Lawton Avenue
Totals $
MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE
Balance 2014 Budget CJ Balance Jan. I, 2014 Revenue Received Cancelled Dec. 31,2014
Realized
1,280 $ 15 $ 1,265
15,816 15,816
36,625 $ 4,562 32,063
65,578 65,578
59,200 59,200
29,223 29,223
13,352 13,352 -
59,000 59,000 -
151,350 151,350 -
100,000 100,000
59,500 59,500 -
311,300 311,300
2,011 2,011 -
$ 150,000 112,500 37,500
150,000 119,440 30,560
904,235 $ 300,000 $ 521,715 $ 15 $ - $ 682,505
Sheet I 0 Borough of Cliffside Park
C/1 g" g. --
------------
Grant
CDBG- Sewer Rehab
Police-CAD Grant
Stormwater Management Grant
Clean Communities
200 Club-Rescue System-Local Match
Totals
I
$
$
SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS
----------
OJ Transferred from 2014
Balance Budget Appropriations Expended Jan. 1,2014 Budget Appropriation Cancelled
By40A:4-87
5,758 $
15
4,466
16,886
75 $ 75
27,200 $ - $ - $ 75 $ - $
Balance Dec. 31,2014
5,758
15
4,466
16,886
-
27,125
Sheet II Borough of Cliffside Park
Grant
I
Drunk Driving Enforcement
Drive Sober
Clean Communities
Body Armor
Municipal Alliance
Totals
SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS
-··
D Transferred to 2014
Balance Budget Appropriations Received Balance Jan. 1, 2014 Budget Appropriation Dec. 31,2014
By40A:4-87
$ 12,587 $ 12,587 $ 8,458 $ 8,458
5,000 5,000.00
34,644 34,644 32,484 32,484
5,523 4,464 9,987
836 836 6,239 6,239
$ 53,590 $ 48,067 $ 56,645 $ 62,168
Sheet 12 Borough of Cliffside Park
*LOCAL DISTRICT SCHOOL TAX
Balance January I, 2014
School Tax Payable # 85001-00 School Tax Deferred (Not in excess of 50% of Levy- 2013- 2014) 85002-00
Levy School Year July I, 2014- June 30, 2015
Levy Calendar Year 2014
Paid
Balance December 31,2014
School Tax Payable# 85003-00 School Tax Deferred (Not in excess of 50% of Levy- 2014- 2015) 85004-00
*Not including Type 1 school debt service, emergency authorizations~schools, transfer to
Board of Educatton for use of local schools
# Must include unpaid requisitions
Debit
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
$ 29,792,977
xxxxxxxx
$ -
$ 29,792,977
MUNICIPAL OPEN SPACE TAX
NOT APPLICABLE Debit
Balance January I, 2014 85045-00 xxxxxxxx
2014 Levy 85105-00 xxxxxxxx
Interest Earned xxxxxxxx
Expenditures
Balance December 31, 2014 85046-00
Sheet 13
Credit
XX xxxxxxxx XX
XX
XX
XX
XX $ 29,792,977
xxxxxxxx XX
XX xxxxxxxx XX
xxxxxxxx XX
xxxxxxxx XX
$ 29,792,977
Credit
XX
XX
XX
XX XXX XXX XX
xxxxxxxx XX
Borough of Cliffside Park
REGIONAL SCHOOL TAX (Provide a separate statement for each Regional District involved)
NOT APPLICABLE
I Debit
II Credit
Balance January I, 2014 xxxxxxxx XX xxxxxxxx XX
School Tax Payable # 85031-00 xxxxxxxx XX School Tax Deferred (Not in excess of 50% of Levy- 2013- 2014) 85032-00 xxxxxxxx XX
Levy School Year July I, 2014- June 30,2015 xxxxxxxx XX
Levy Calendar Year 2014 xxxxxxxx XX
Paid xxxxxxxx XX
Balance December 31, 2014 xxxxxxxx XX xxxxxxxx XX
School Tax Payable # 85033-00 xxxxxxxx XX School Tax Deferred (Not in excess of 50% of Levy- 2014- 2015) 85034-00 xxxxxxxx XX
# Must include unpaid requisitions
REGIONAL HIGH SCHOOL TAX
NOT APPLICABLE
II Debit
II Credit
Balance January 1, 2014 xxxxxxxx XX XXX XX XXX XX
School Tax Payable # 85041-00 xxxxxxxx XX School Tax Deferred (Not in excess of 50% of Levy- 2013- 2014) 85042-00 xxxxxxxx XX
Levy School Year July I, 2014- June 30, 2015 xxxxxxxx XX
Levy Calendar Year 2014 xxxxxxxx XX
Paid xxxxxxxx XX
Balance December 31, 2014 xxxxxxxx XX xxxxxxxx XX
School Tax Payable# 85043-00 xxxxxxxx XX School Tax Deferred (Not in excess of 50% of Levy- 2014- 2015) 85044-00 xxxxxxxx XX
# Must include unpaid requisitions
Sheet 14 Borough of Cliffside Park
COUNTY TAXES PAYABLE
I Debit
II Credit
Balance January 1, 2014 xxxxxxxx XX xxxxxxxx XX
County Taxes 80003-01 xxxxxxxx XX
Due County for Added and Omitted Taxes 80003-02 XX XXX XXX XX
2014 Levy: xxxxxxxx XX xxxxxxxx XX
General County 80003-03 xxxxxxxx XX $ 6,694,734
County Library 80003-04 XX XXX XXX XX
County Health xxxxxxxx XX
County Open Space Preservation xxxxxxxx XX 72,727
Due County for Added and Omitted Taxes 80003-05 xxxxxxxx XX 6,855
Paid $ 6,774,316 xxxxxxxx XX
Balance December 31, 2014 xxxxxxxx XX xxxxxxxx XX
County Taxes xxxxxxxx XX
Due County for Added and Omitted Taxes - xxxxxxxx XX
$ 6,774,316 $ 6,774,316
SPECIAL DISTRICT TAXES
NOT APPLICABLE Debit
II Credit
Balance January 1, 2014 80003-06 xxxxxxxx XX
2014 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 XXX XXX XX XX xxxxxxxx XX
xxxxxxxx XX xxxxxxxx XX
xxxxxxxx XX xxxxxxxx XX
Total 2014 Levy 80003-07 xxxxxxxx XX
Paid 80003-08 xxxxxxxx XX
Balance December 31, 2014 80003-09
Footnote. Please state the number of dtstncts m each mstance
Sheet 15 Borough of Cliffside Park
STATE LIBRARY AID RESERVE FOR MAINTENANCE OF FREE PUBLIC LffiRARY WITH STATE AID
NOT APPLICABLE Debit Credit
Balance January I, 2014 80004-01 xxxxxxxx XX
State Library Aid Received in 2014 80004-02 xxxxxxxx XX
Expended 80004-09 xxxxxxxx XX
Balance December 31, 20 14 80004-10
RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID
Balance January I, 2014 80004-03 xxxxxxxx XX
State Library Aid Received in 2014 80004-04 xxxxxxxx XX
NOT APPLICABLE
Expended 80004-11 xxxxxxxx XX
Balance December 31, 2014 80004-12
RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N,.J,S,A, 40:54-35)
Balance January I, 2014 80004-05 xxxxxxxx XX
State Library Aid Received in 2014 80004-06 xxxxxxxx XX
NOT APPLICABLE
Expended 80004-13 xxxxxxxx XX
Balance December 31,2014 80004-14
RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID
Balance January I, 2014 80004-07 XXX XX XXX XX
State Library Aid Received in 2014 80004-08 xxxxxxxx XX
NOT APPLICABLE
Expended 80004-15 xxxxxxxx XX
Balance December 31, 2014 80004-16
Sheet 16 Borough of Cliffside Park
STATEMENT OF GENERAL BUDGET REVENUES 2014
Source Budget Realized Excess or Deficit* -0 l -02 -03
Surplus Anticipated 80101- $ 4,300,000 $ 4,300,000 Surplus Anticipated with Prior Written Consent of Director of Local Government 80102-
Miscellaneous Revenue Anticipated: xxxxxxxx XX xxxxxxxx XX xxxxxxxxx
Adopted Budget 5,041,901 5,290,766 $ 248,865
Added by N.J.S. 40A:4-87: (List on l7a) 167,902 167,902
Attached
Total Miscellaneous Revenue Anticipated 80103- 5,209,803 5,458,668 248,865
Receipts from Delinquent Taxes 80104- 1,000,000 1,068,529 68,529
Amount to be Raised by Taxation: xxxxxxxx XX xxxxxxxx XX xxxxxxxxx
(a) Local Tax for Municipal Purposes 80105- 23,243,206 xxxxxxxx XX xxxxxxxxx
(b) Addition to Local District School Tax 80106- 963,081 xxxxxxxx XX xxxxxxxxx
Total Amount to be Raised by Taxation 80107- 24,206,287 27,294,474 3,088,187
$ 34,716,090 $ 38,121,671 $ 3,405,581
ALLOCATION OF CURRENT TAX COLLECTIONS
Current Taxes Realized in Cash (Total ofitem 10 or 14 on Sheet 22) 80108-00
Amount to be Raised by Taxation
Local District School Tax 80109-00
Regional School Tax 80119-00
Regional High School Tax 80110-00
County Taxes 80111-00
Due County for Added and Omitted Taxes 80112-00
Special District Taxes 80113-00
Municipal Open Space Tax 80120-00
Reserve for Uncollected Taxes 80114-00
Deficit in Required Collection of Current Taxes (or) 80115-00
Balance for Support of Municipal Budget (or) 80116-00
*Excess Non-Budget Revenue (see footnote) 80117-00
*Deficit Non-Budget Revenue (see footnote) 80118-00
*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 ofth1s sheet In such mstances, any excess or deficit m the above
allocation would apply to "Non-Budget Revenue" only.
Debit
I Credit
xxxxxxxx XX $ 59,261,767
xxxxxxxx XX xxxxxxxxx
$ 29,792,977 xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
6,767,461 xxxxxxxxx
6,855 xxxxxxxxx
xxxxxxxxx
xxxxxxxxx
xxxxxxxx XX 4,600,000
xxxxxxxx XX
27,294,474 xxxxxxxxx
xxxxxxxxx
xxxxxxxx XX
$ 63 861,767 $ 63 861,767
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Sheet 17 Borough of Cliffside Park
STATEMENT OF GENERAL BUDGET REVENUES 2014 (Continued)
MISCELLANEOUS REVENUES ANTICIPATED: ADDED BY N.J.S. 40A:4-87
Source Budget Realized Excess or Deficit
NJ Department of Agriculture- Summer Food Service Program $ 17,902 $ 17,902
Community Development Block Grant- Lawton A venue Impvts. 150,000 150,000
Total (Sheet 17) $ 167,902 $ 167,902
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 ofN.J.S.A. 40A:4-87 and matching funds have been provided if applicable.
CFO Signature: ___________________________ _
Sheet 17a Borough of Cliffside Park
STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2014
2014 Budget as Adopted 80012-01 $ 34,548,188
2014 Budget- Added by N.J.S. 40A:4-87 80012-02 167,902
Appropriated for 2014 (Budget Statement Item 9) 80012-03 34,716,090
Appropriated for 2014 by Emergency Appropriation (Budget Statement Item 9) 80012-04 -
Total General Appropriations (Budget Statement Item 9) 80012-05 34,716,090
Add: Overexpenditures (see footnote) 80012-06
Total Appropriations and Overexpenditures 80012-07 34,716,090
Deduct Expenditures:
Paid or Charged [Budget Statement Item (L)] 80012-08 $ 29,508,753
Paid or Charged -Reserve for Uncollected Taxes 80012-09 4,600,000
Reserved 80012-10 306,884
Total Expenditures 80012-11 34,415,637
Unexpended Balances Canceled (see footnote) 80012-12 300,453
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)
2014 Authorizations NOT APPLICABLE
N.J.S. 40A:4-46 (After adoption of Budget)
N.J.S. 40A:4-20 (Prior to adoption of Budget)
Total Authorizations
Deduct Expenditures:
Paid or Charged
Reserved
Total Expenditures
Sheet 18 Borough of Cliffside Park
RESULTS OF 2014 OPERATION
CURRENT FUND
Debit Credit
Excess of anticipated Revenues: xxxxxxxx XX xxxxxxxx XX
Miscellaneous Revenues Anticipated 80013-01 xxxxxxxx XX $ 248,865
Delinquent Tax Collections 80013-02 xxxxxxxx XX 68,529
xxxxxxxx XX
Required Collection of Current Taxes 80013-03 xxxxxxxx XX 3,088,187
Unexpended Balances of 2014 Budget Appropriations 80013-04 xxxxxxxx XX 300,453
Miscellaneous Revenue Not Anticipated 81113- xxxxxxxx XX 588,360 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
xxxxxxxx XX
Unexpended Balances of2013 Appropriation Reserves 80013-05 xxxxxxxx XX 480,458
Prior Years lnterfunds Returned in 2014 80013-06 xxxxxxxx XX
Cancelled Reserves xxxxxxxx XX 75
xxxxxxxx XX
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) xxxxxxxx XX xxxxxxxx XX
Balance January I, 2014 80013-07 xxxxxxxx XX
Balance December 31, 20 14 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
xxxxxxxx XX
Required Collection of Current Taxes 80013-11 xxxxxxxx XX
Interfund Advances Originating in 2014 80013-12 $ 670,939 xxxxxxxx XX
xxxxxxxx XX
Cancelled Senior CitizenN eteran Deductions Due to Taxation Audit 32,500 xxxxxxxx XX
xxxxxxxx XX
Deficit Balance- To Trial Balance (Sheet 3) 80013-13 xxxxxxxx XX
Surplus Balance - To Surplus (Sheet 21) 80013-14 $ 4,071,488 xxxxxxxx XX
$ 4,774,927 $ 4,774,927
Sheet 19 Borough of Cliffside Park
SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED
Source
Duplicate Tax Bills
Election Rent
2% Administrative Payment
Donations
DMV Inspections
Recreation
Borough Clerk-Miscellaneous
North Bergen Sewer Charges
Grant in Aid - Housing
Insurane Refunds
Uniform Fire Safety Act- State
Sale of Assets
Miscellaneous
Reimbursements
Cliffside Park Housing Authority- P.LL.O.T.
Fire Permits and Reports
770 Fairview Avenue Rent
Cancel Old Outstanding Checks
Sewer Hook Up Fees
Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19)
Sheet 20
Amount Realized
$ 22
1,508
2,125
25,365
4,326
118,822
2,552
9,925
7,337
29,393
22,556
14,437
97,733
77,612
63,843
69,226
25,000
1,578
15,000
$ 588,360
Borough of Cliffside Park
1.
2.
3.
4.
5.
6.
7.
SURPLUS-CURRENTFUND YEAR2014
Debit
Balance January l, 2014 80014-01 xxxxxxxx
xxxxxxxx
Excess Resulting from 2014 Operations 80014-02 xxxxxxxx
Amount Appropriated in the 2014 Budget- Cash 80014-03 $ 4,300,000
Amount Appropriated in the 2014 Budget- with Prior Writ-ten Consent of Director of Local Government Services 80014-04
Balance December 31, 2014 80014-05 $ 5,283,509 $ 9,583,509
Credit
XX $ 5,512,021
XX
XX 4,071,488
XXX XX XXX
XXX XXX XX
XXX XXX XX
xxxxxxxx $ 9,583,509
ANALYSIS OF BALANCE DECEMBER, 31,2014 (FROM CURRENT FUND- TRIAL BALANCE)
Cash
Investments
Sub Total
Deduct Cash Liabilities Marked with "C" on Trial Balance
Cash Surplus
Deficit in Cash Surplus
Other Assets Pledged to Surplus: *
(l) Due from State ofN.J. Senior Citizens and Veterans Deduction 80014-16
Deferred Charges # 80014-12
Cash Deficit# 80014-13
Grants Receivable
Total Other Assets
*IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS
WOULD ALSO BE PLEDGED TO CASH LIABILITIES. #MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2015 BUDGET.
(I) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.
80014-06 $
80014-07
80014-08
80014-09
80014-10
1,500
100,000
682,505
80014-14
80014-15 $
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 NJ.S. 40A:4-55.13 (Public Exigencies, etc.) to the extent of emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.
7,715,747
7,715,747
3,216,243
4,499,504
784,005
5,283,509
XX
XX
XX
XX
Sheet 21 Borough of Cliffside Park
(FOR MUNICIPALITIES ONLY)
CURRENT TAXES- 2014 LEVY I. Amount of Levy as per Duplicate (Analysis)#
or
(Abstract ofRatables)
2. Amount of Levy Special District Taxes
3. Amount Levied for Omitted Taxes under NJ.SA 54:4-63.12 et. seq.
4. Amount Levied for Added Taxes under NJ.S.A. 54:4-63.1 et. seq.
Sa. Subtotal 2014 Levy
5b. Reductions due to tax appeals ** Sc. Total 2014 Tax Levy
6 Transferred to Tax Title Liens
7. Transferred to Foreclosed Property
8. Remitted, Abated or Canceled
9. Discount Allowed
I 0. Collected in Cash: In 2013
In 2014 *
R.E.A.P. Revenue
$
$
82101-00 $ _ ___:::6~0,c:_:78~7,:0,8~1 ::__5
82113-00 $ ____ _
82102-00 $ ____ _
82103-00 $
82104-00 $ 52,044
60,839,859
82106-00 $ 60,839,859
82107-00 $ 493
82108-00 $
82I09-00 $ 117,811
82110-00 $
82121-00 $ 933,616
82122-00 $ 58,619,651
82124-00 $
State's Share of 2014 Senior Citizens and Veterans Deductions Allowed 82123-00 $ 108,500
Total to Line 14 82I I 1-00 $ 59,661,767
II. Total Credits
12. Amount Outstanding December 3I, 2014
13. Percentage of Cash Collections to Total 2014 Levy, (Item I 0 divided by Item Sc) is 98.06%
82112-00
Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here
14. Calculation of Current Taxes Realized in Cash:
Total of Line 10 Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals
To Current Taxes Realized in Cash (Sheet 17)
Note A: In showing the above percentage the following should be noted: Where Item 5 shows $1,500,000.00, and Item IO shows $1,049,977.50, the percentage represented by the cash collections would be $I,049,977.50 I $1,500,000 or .699985. The correct percentage to be shown as Item 13 is 69.99% and not 70.00%, nor 69.999%
#Note: On Item I if Duplicate (Analysis) Figure is used; be sure to include Senior Citizens and Veterans Deductions.
*Include overpayments applied as part of2014 collections.
$ _---".5'-'.9 ,c:_:78~0~,0~7'-l
83 I 20-00 $ ==I~,0:;;:5,;;;9 ,~78:;;;8:,.
& complete sheet 22a
$ _ _:5c:9 '"'6"-61"-, 7:..::6:..::7_
$ ___ 4:,::0"'0,"'00::.::0_
$ _ ____::_c5 9'-!:,2::.::6"-!1 ,c:_:7 6:..::7_
**Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-I et seq approved by resolution of the governing body prior to introduction of municipal budget. (NJ.S.A. 40A:4-4 I)
Sheet 22 Borough of Cliffside Park
ACCELERATED TAX SALE I TAX LEVY SALE- CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2014
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P L 1997.
(I) Utilizing Accelerated Tax Sale NOT APPLICABLE
Total of Line 10 Collected in Cash (sheet 22) .......................................................................... $
LESS: Proceeds from Accelerated Tax Sale ............................................................................ .
NET Cash Collected .................................................................................... $
Line 5c (sheet 22) Total2014 Tax Levy ................................................................................... $
Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is ............................................................................ ..
(2) Utilizing Tax Levy Sale NOT APPLICABLE
Total of Line 10 Collected in Cash (sheet 22) .......................................................................... $
LESS: Proceeds from Tax Levy Sale (excluding premium) .................................................. ..
NET Cash Collected .................................................................................... $
Line 5c (sheet 22) Total2014 Tax Levy ................................................................................... $
Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is ............................................................................ ..
Sheet 22a
%
% -------
Borough of Cliffside Park
SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
I. Balance January I, 2014
Due From State ofNew Jersey
Due To State ofNew Jersey
2, Sr. Citizens Deductions Per Tax Billings
3, Veterans Deductions Per Tax Billings
4, Sr, Citizens Deductions Allowed By Tax Collector
5, Veterans Deductions Allowed By Tax Collector
6, Reimbursement Due to Taxation Audit
7, Sr, Citizens Deductions Disallowed By Tax Collector
8, Sr, Citizens Deductions Disallowed By Tax Collector 2013 Taxes
9, Received in Cash from State
10,
II.
12, Balance December 31,2014
Due From State ofNew Jersey
Due To State of New Jersey
:t-'
Calculation of Amount to be included on Sheet 22, Item I 0-2014 Senior Citizens and Veterans Deductions Allowed
Line 2 $ 25,750
Line3 82,750
Line 4+ 5 0
Sub-Total 108,500
Less: Line 7
To Item I 0, Sheet 22 $ 108,500
Sheet 23
Debit Credit
xxxxxxxx XX xxxxxxxx XX
$ - xxxxxxxx XX
xxxxxxxx XX
25,750 xxxxxxxx XX
82,750 xxxxxxxx XX
0 xxxxxxxx XX
0
32,500
xxxxxxxx XX
xxxxxxxx XX
xxxxxxxx XX $ 74,500
xxxxxxxx XX xxxxxxxx XX
xxxxxxxx XX $ 1,500
xxxxxxxx XX
$ 108,500 $ 108,500
Borough of Cliffside Park
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING (N.J.S.A. 54:3-27)
Debit Credit
Balance January I, 2014 xxxxxxxx XX $ 423,441
Taxes Pending Appeals xxxxxxxx XX xxxxxxxx XX
Interest Earned on Taxes Pending Appeals xxxxxxxx XX xxxxxxxx XX Contested Amount of 2014 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) xxxxxxxx XX 400,000
Interest Earned on Taxes Pending State Appeals xxxxxxxx XX
Cash Paid to Appellants (Including 5% Interest from Date of Payment) $ 235,752 xxxxxxxx XX Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest) xxxxxxxx XX
Balance December 31, 2014 $ 587,689 xxxxxxxx XX
Taxes Pending Appeals* $ 587,689 xxxxxxxx XX xxxxxxxx XX
Interest Earned on Taxes Pending Appeals xxxxxxxx XX xxxxxxxx XX
* Includes State Tax Court and County Board of Taxation $ 823,441 $ 823,441 Appeals Not Adjusted by December 31,2014
Signature of Tax Collector
995 License# Date
Sheet 24 Borough of Cliffside Park
COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND
AMOUNT TO BE RAISED BY TAXATION IN 2015 MUNICIPAL BUDGET
I YEAR2015 II YEAR2014
I. Total General Appropriations for 2015 Municipal Budget Statement Item 8 (L) (Exclusive of Reserve for Uncollected Tax 80015- xxxxxxxx XX
2. Local District School Tax - Actual 80016- 29,792,977
Estimate** 80017- xxxxxxxx XX
3. Regional School District Tax- Actual 80025-
Estimate* 80026- xxxxxxxx XX
4. Regional High School Tax - Actual 80018-
School Budget Estimate* 80019- xxxxxxxx XX
5. County Tax Actual 80020- 6,767,461
Estimate* 80021- xxxxxxxx XX
6. Special District Taxes Actual 80022-
Estimate* 80023- xxxxxxxx XX
7. Municipal Open Space Tax Actual 80027-
Estimate* 80028- xxxxxxxx XX
8. Total General Appropriations & Other Taxes 80024-01 9. Less: Total Anticipated Revenues from 2015 in
Municipal Budget (Item 5) 80024-02 10. Cash Required from 2015 Taxes to Support
Local Municipal Budget and Other Taxes 80024-03 II. Amount of item I 0 Divided by I %1 [820034-04]
Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage shown by Item 13, Sheet 22) 80024-05
Analysis ofltem II: Local District School Tax ' Must not be stated in an amount less than
(Amount Shown on Line 2 Above) "actual" Tax of year 2014.
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 15,2015 (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 II) 12. Appropriation: Reserve for Uncollected Taxes (Budget
Statement, Item 8 (M) (Item II, Less Item 10) 80024-06 Com}2utation of 'Tax in Local MuniciQal Budget" Note:
Item I -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 l and l2.
Less: Item 9 - Total Anticipated Revenues
Amount to be Raised by Taxation in Municipal Budget 80024-07
Sheet 25 Borough of Cliffside Park
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 Exclusion N/ A Outstanding Balance of Delinquent Taxes (sheet 26, Item l4A) x% of Collection (Item 16)
C. TIMES:% of increase of Amount to be Raised by Taxes over PriorY ear % [(2015 Estimated Total Levy- 2014 Total Levy)/2014 Total Levy]
D. Reserve for Uncollected Taxes Exclusion Amount [(B X C)+ B]
E. Net Reserve for Uncollected Taxes Appropriation in Current Budget (A- D)
2015 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
$ _____ _
$ _____ _
$ _____ _
$
$
$
$
$
$
$
Borough of Cliffside Park
SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS
Debit
l. Balance January I, 2014 $ 1,085,467
A. Taxes 83102-00 $ 1,072,145 XXXXXXX'
B. Tax Title Liens 83103-00 13,322
2. Canceled:
A. Taxes 83105-00 XXXXXX)()
B. Tax Title Liens 83106-00
3. Transferred to Foreclosed Tax Title Liens:
A. Taxes 83108-00 XXJ<JUUUL
B. Tax Title Liens 83109-00 XXX
4. Added Taxes 83110-00 9,138
5. Added Tax Title Liens 83111-00 6. Adjustment between Taxes (Other than current year)
and Tax Title Liens:
A. Taxes- Transfers to Tax Title Liens 83104-00
B. Tax Title Liens- Transfers from Taxes 83107-00 5,609
7. Balance Before Cash Payments
8. Totals 1,100,214
9. Balance Brought Down 1,081,915
10. Collected:
A. Taxes 83116-00 1,062,984
B. Tax Title Liens 83117-00 5,545 xxxxxxx
11. Interest and Costs- 2014 Tax Sale 83118-00
12. 2014 Taxes Transferred to Liens 83119-00 493
13. 2014 Taxes 83123-00 1,059,788
14. Balance December 31,2014
A. Taxes 83121-00 $ 1,059,788 ~
B. Tax Title Liens 83122-00 13,879 XXXXXXX'
15. Totals $2,142,196
16. Percentage of Cash Collections to Adjusted Amount Outstanding
(Item No. 10 divided by Item No.9) is ._ __ .;;9.:.8·;;:.9.:.1';..;%t------,
17. Item No. 14 multiplied by percentage shown above is
maximum amount that may be anticipated in 2015. $ 1,061,964 and represents the
83125-00
(See Note A on Sheet 22 ·Current Taxes)
( 1) These amounts will always be the same.
Sheet 26
Credit
xxxxxxxx XX
XX xxxxxxxx XX
XX xxxxxxxx XX
XX xxxxxxxx XX
XX $ 12,690
XX
XX xxxxxxxx XX
XX
XX
xxxxxxxx XX
xxxxxxxx XX
XX xxxxxxxx XX
XX 5,609
xxxxxxxx XX
XX 1,081,915
1,100,214
xxxxxxxx XX
XX 1,068,529
XX xxxxxxxx XX
XX xxxxxxxx XX
xxxxxxxx XX
xxxxxxxx XX
xxxxxxxx XX
XX 1,073,667
XX xxxxxxxx XX
XX xxxxxxxx XX
$ 2,142,196
Borough of Cliffside Park
SCHEDULE OF FORECLOSED PROPERTY (PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
Debit Credit
I. Balance January l, 2014 84101-00 $ 31,387 xxxxxxxx XX
2. Foreclosed or Deeded in 2014 xxxxxxxx XX xxxxxxxx XX
3. Tax Title Liens 84103-00 xxxxxxxx XX
4. Taxes Receivable 84104-00 xxxxxxxx XX
SA. 84102-00 xxxxxxxx XX
SB. 84105-00 xxxxxxxx XX
6. Adjustment to Assessed Valuation 84106-00 xxxxxxxx XX
7. Adjustment to Assessed Valuation 84107-00 xxxxxxxx XX
8. Sales XXX XX XXX XX xxxxxxxx XX
9. Cash* 84109-00 xxxxxxxx XX
10. Contract 84110-00 xxxxxxxx XX
11. Mortgage 841!1-00 xxxxxxxx XX
12. Loss on Sales 84!12-00 xxxxxxxx XX
13. Gain on Sales 84!13-00 xxxxxxxx XX
14. Balance December 31, 2014 84114-00 xxxxxxxx XX $ 31,387
$ 31,387 $ 31,387
CONTRACT SALES
NOT APPLICABLE Debit Credit
15. Balance January l, 2014 84!15-00 xxxxxxxx XX
16. 2014 Sales from Foreclosed Property 84!16-00 xxxxxxxx XX
17. Collected* 84117-00 xxxxxxxx XX
18. 84118-00 xxxxxxxx XX
19. Balance December 31, 2014 84119-00 xxxxxxxx XX
MORTGAGE SALES
NOT APPLICABLE bit Credit
20. Balance January l, 2014 84120-00 xxxxxxxx XX
21. 2014 Sales from Foreclosed Property 84121-00 xxxxxxxx XX
22. Collected * 84122-00 xxxxxxxx XX
23. 84123-00 xxxxxxxx XX
24. Balance December 31, 2014 84124-00 xxxxxxxx XX
Analysis of Sale of Property: $ 0 * Total Cash Collected m 2014 (84125-00)
Realized in 2014 Budget 0
To Results of Operation (Sheet 19)
Sheet 27 Borough of Cliffside Park
I.
2.
3.
4.
5.
6.
7.
8.
9.
10.
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.)
Amount Caused By Dec. 31,2013 Amount in Amount
per Audit 2014 Resulting Report Budget from 2014
Emergency Authorization -Municipal* $ $ $ NONE
Emergency Authorizations -Schools $ $ $
$ $ $
$ $ $
$ $ $
$ $ $
$ $ $
$ $ $
$ $ $
$ $ $
*Do not include items funded or refunded as listed below.
Balance as at
Dec.31 2014
$ NONE
$
$
$
$
$
$
$
$
$
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
I. NONE $
2. $
3. $
4. $
5. $
JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SA TIS FlED
In Favor of On Account of Date Entered Amount
l. _________ ___:N_:.:O:::NccE::_ ______ $ ____ _
2. $ ____ _
3. $ ____ _
4. $ ____ _
Appropriated for in Budget of Year 2014
Sheet 28 Borough of Cliffside Park
"' ;r ~ N
"'
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; MUNICIPAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.
Date
I
Purpose
I
Amount Not Less Than REDUCEDIN2014 Authorized 115 of Amount Balance
Authorized* Dec. 31,2013 By 2014 Canceled Budget by Resolution
6/15/2010 Revaluation Update (Reassessment) $ 200,000 $ 40,000 $ 80,000 $ 40,000
6/12/2012 Preparation of Master Plan 100,000 20,000 80,000 20,000
11/19/2012 Hurricane Sandy Storm Damage 1,500,000 300,000 1,200,000 300,000
II Totals $ 1,800,000 -
_$_. 360,000 $ 1,360,000 $ 360,000 80025-00 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
Chief 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, 20 14" must be entered here and then raised in the 2015 budget.
Sheet 29
Balance Dec. 31,2014
40,000
60,000
900,000
1,000,000
Borough of Cliffside Park
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Date
N.J.S. 40A:4-SS.1, ET SEQ., SPECIAL EMERGENCY- DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD N.J.S. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY- PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
I
Purpose
I
Amount Not Less Than REDUCED IN 2014
Authorized 115 of Amount Balance Balance Authorized* Dec. 31,2013 By 2014 Canceled Dec. 31,2014
Budget by Resolution
NOT APPLICABLE
II Totals
80027-00 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:4-55.1 et seq. and N.J.S.A. 40A:4-55.13 et seq. are recorded on this page
Chief Financial Officer
*Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column nsalance Dec. 31, 2014" must be entered here and then raised in the 2014 budget
Sheet 30 Borough of Cliffside Park
SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2014 DEBT SERVICE FOR BONDS
(COUNTY) (MUNICIPAL) GENERAL CAPITAL BONDS
General Serial Bonds
II Debit
II Credit
I 2015 Debt
Service
Outstanding January I, 2014 80033-01 xxxxxxxx XX $ 28,392,000
Issued 80033-02 xxxxxxxx XX
Paid 80033-03 $ 755,000 xxxxxxxx XX
Outstanding December 31, 2014 80033-04 $ 27,637,000 xxxxxxxx XX $ 28,392,000 $ 28,392 000
2015 Bond Maturities - General Capital Bonds 1,185,000 2015 Interest on Bonds * 80033-06 $II I
ASSESSMENT SERIAL BONDS
Outstanding January I, 2014 80033-07 xxxxxxxx XX NONE
Issued 80033-08 xxxxxxxx XX
Paid 80033-09 xxxxxxxx XX
NOT APPLICABLE
Outstanding December 31, 2014 80033-10 NONE xxxxxxxx XX
2015 Bond Maturities - Assessment Bonds 80033-11 $
2015 Interest on Bonds* 80033-12 $
Total "Interest on Bonds- Debt Service" (*Items) 80033-13 $ 1,082,189
LIST OF BONDS ISSUED DURING 2014
Purpose 2015 Maturity Amount Issued Date of II Interest Issue Rate
NOT APPLICABLE
Total $ - $ -80033-14 80033-15
Sheet 31 Borough of Cliffside Park
SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2015 DEBT SERVICE FOR LOANS
(COUNTY) (MUNICIPAL) _______ .LOAN
Environmental Infrastructure Loan Debit Credit 2015 Debt Service
Outstanding January 1, 2014 80033-01 xxxxxxxx XX NONE
Issued 80033-02 xxxxxxxx XX
Paid 80033-03 xxxxxxxx XX
NOT APPLICABLE
Outstanding December 31, 2014 80033-04 NONE xxxxxxxx XX $ - $ -
20 15 Loan Maturities 80033-05 $
2015 Interest on Loans 80033-06 $
Tota12015 Debt Service for Environmental Infrastructure Loan 80033-13 $ $ -
LOAN
Outstanding January 1, 2014 80033-07 xxxxxxxx XX
Issued 80033-08 xxxxxxxx XX
Paid 80033-09 xxxxxxxx XX
NOT APPLICABLE
Outstanding December 31, 2014 80033-10 xxxxxxxx XX
20 15 Loan Maturities 80033-11 $
2015 Interest on Loans 80033-12 $
Total 2015 Debt Service for Loan 80033-13 $
LIST OF LOANS ISSUED DURING 2014
Purpose
I 2015 Maturity Amount Issued Date of Interest
Issue Rate
NONE
.
Total 80033-14 80033-15
Sheet 31a Borough of Cliffside Park
SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2015 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
NOT APPLICABLE
II Debit
II Credit
I 2015 Debt
Service
Outstanding January I, 2014 80034-01 xxxxxxxx XX
Paid 80034-02 xxxxxxxx XX
Outstanding December 31, 2014 80034-03 xxxxxxxx XX
2015 Bond Maturities- Term Bonds 80034-04 $ 2015 Interest on Bonds * 80034-05 $
TYPE I SCHOOL SERIAL BOND
Outstanding January I, 2014 80034-06 xxxxxxxx XX
Issued 80034-07 xxxxxxxx XX
Paid 80034-08 xxxxxxxx XX
Outstanding December 31, 2014 80034-09 xxxxxxxx XX
2015 Interest on Bonds * 80034-10 $
2015 Bond Maturities - Serial Bonds 80034-11 $
Total "Interest on Bonds- Type I School Debt Service" (*Items) 80034-12 $
LIST OF BONDS ISSUED DURING 2014 Purpose 2015 Maturity Amount Issued Date of
-01 -02 Issue
NONE
Total 80035-
2015 INTEREST REQUIREMENT- CURRENT FUND DEBT ONLY
I. Emergency Notes
Outstanding
Dec. 31, 2014
80036- $ _,_N:.::O:..:.N.:.::E:__ __
2015 Interest
Requirement
$NONE
2. Special Emergency Notes 80037- $ 900,000 $ __ 7:..!:, 0::_:9_:_0
3. Tax Anticipation Notes 8003 8- $ _,_N:.::O:..:.N.:.::E:__ __ $NONE
4. Interest on Unpaid State and County Taxes 80039- $ _,_N:.::O:..:.N.:.::E:__ __ $NONE
5. $ ----- $ ___ _
Interest Rate
Sheet 32 Borough of Cliffside Park
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DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)
Original Original Amount Date Title or Purpose of Issue Amount Date of of Note of
Issued Issue* Outstanding Maturity Dec. 31,2014
I. 3-2005 Anderson Ave. Redevelopment $ 1,000,000 7/25/2008 $ 601,544 2113/2015
2. 3-2005 Anderson Ave. Redevelopment 641,066 3/4/2009 610,922 2/13/2015
3 3-2005 Anderson Ave. Redevelopment 1,000,000 10/9/2009 952,978 2/13/2015
4. 3-2005 Anderson Ave. Redevelopment 356,740 2/ll/2010 345,586 2113/2015
5. 1-2010 Acquisition of770 Fairview Ave. 2,095,000 4/28/2010 945,000 4/24/2015 4-2011 Construction of Municipal Parking Facilities and Other Public
6. Areas (Anderson Ave.) 10,000,000 7118/2012 I 0,000,000 7/24/2015 2-2014 Various Public Improvements and the Acquisition of
7. New Automotive Vehicles 1,803,000 10/9/2014 1,803,000 4/24/2015
8.
9.
10.
Total $ 16,895,806 $ 15,259,030
Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of20% of the original amount issued annually.
Memo: Type I School Notes should be separately listed and totaled.
* " Original Date oflssue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued.
Rate of
Interest
0.70%
0.70%
0.70%
0.70%
0.79%
1.00%
0.35%
All notes with an original date of issue of 2012 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2015 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.
Sheet 33
2015 Budget Requirement Interest Computed to
For Principal For Interest (Insert Date)
** $ 15,677 $ 4,199 2/13/2015
10,051 4,265 2113/2015
15,677 6,652 2113/2015
5,595 2,412 2113/2015
945,000 7,445 4/24/2015
127,000 100,000 7/24/2015
- 3,453 4/24/2015
!
$ 1,119,000 $ 128,426 !
i
80051-01 80051-02
(Do not crowd- add additional sheets)
Borough of Cliffside Park
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DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES
Original Original Amount Date Rate 2015 Budget Requirement Interest Title or Purpose of Issue Amount Date of of Note of of Computed to
Issued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date) Dec. 31,2014 **
1.
2. NOT APPLICABLE
3.
4.
5.
6.
7 .
8.
9.
10.
11.
12.
13.
14.
Total
MEMO: *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, 20 II or prior must be appropriated in full in the 2015 Dedicated Assessment Budget or written intent ofpemmnent 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)
Sheet 34 Borough of Cliffside Park
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SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS
Amount 2015 Budget Requirement Purpose of Obligation
Outstanding For Principal For Interest/Fees Dec. 31,2014
Leases approved by LFB prior to July 1, 2007
1 NOT APPLICABLE
2.
3.
4.
5.
6.
Leases approved by LFB after to July 1, 2007
1.
2.
3.
4.
5.
6.
Total
80051-01 80051-02
(Do not crowd- add additional sheets)
Sheet 34a Borough of Cliffside Park
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SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)
--·----
IMPROVEMENTS Balance- January I, 2014 Balance- December 31,2014 Specify each authorization by purpose. Do 20I4 Encumbrances Expended Authorizations
not merely designate by a code number. Funded Unfunded Authorizations Restored Canceled Funded Unfunded
2-2005 Various Capital Improvements $ 4I $ 41
3-2005 Anderson Avenue Redevelopment $ 90,633 $ 46,577 $ 44,056
9-2007 Various Capital Improvements 260,6I7 733 254,657 5,960 733
9-2010 Acquisition of a Fire Truck 26,121 527 26,121 527
4-2011 Construction of Municipal Parking Lot
2-2011114-2011-Various Capital Improvements 224,863 1,750 209,341 15,522 1,750
17-2011 Library Renovations 4,245 150,000 $ 140,728 13,517
8-2012 Sanitary & Stann Sewer Improvements 586 586
6-2013 Auxiliary Field Improvements 274,181 93,482 180,699 2-2014 Various Public Improvements and the Acquision ofNew Automotive Vehicles $ 1,958,000 12,268 142,732 1,803,000
Total 70000- $ 790,654 $ 243,643 $ 1,958,000 $ - $ 616,325 $ 140,728 $ 371,661 $ 1,863,583
Place an* before each item of"Improvement" which represents a funding or refunding of an emergency authorizatiOn
Sheet 35 Borough of Cliffside Park
GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Debit Credit
Balance January 1, 2014 80031-01 xxxxxxxx XX $ 109,309
Received from 2014 Budget Appropriation* 80031-02 xxxxxxxx XX 50,000
xxxxxxxx XX Improvement Authorizations Canceled
(financed in whole by the Capital Improvement Fund) 8003I-03 xxxxxxxx XX
List by Improvements - Direct Charges Made for Preliminary Costs: xxxxxxxx XX xxxxxxxx
Engineering Fees xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
xxxxxxxx
Appropriated to Finance Improvement Authorizations 80031-04 $ 91,000 xxxxxxxx
xxxxxxxx
Balance December 31, 2014 80031-05 $ 68,309 xxxxxxxx
$ 159,309 $ 159,309
* The full amount of the 2014 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse.
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
Sheet 36 Borough of Cliffside Park
GENERAL CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS
NOT APPLICABLE Debit Credit
Balance January I, 2014 80030-01 xxxxxxxx XX
Received from 2014 Budget Appropriation* 80030-02 xxxxxxxx XX
Received from 2014 Emergency Appropriation* 80030-03 xxxxxxxx XX
Appropriated to Finance Improvement Authorizations 80030-04 xxxxxxxx XX
xxxxxxxx XX
Balance December 31, 2014 80030-05 xxxxxxxx XX
*The full amount of the 2014 appropnatton should be transferred to thrs account unless the balance of the appropriation is permitted to lapse.
CAPITAL IMPROVEMENTS AUTHORIZED IN 2014 AND DOWN PAYMENTS (N.J.S. 40A:2-11)
GENERAL CAPITAL FUND ONLY
Purpose Amount Total Down Payment Appropriated Obligations Provided by
Authorized Ordinance
2-2014 Various Public Improvements and Acquisition ofNew Automotive Vehicles $ 1,958,000 $ 1,803,000 $ 91,000
Total 80032-00 I $ L958,ooo $ I 803,000 $ 91,000
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.
(A) - Partially funded by County Open Space Grant
Amount of Down Payment in Budget
of2014 or Prior Years
$ 91,000 (A)
$ 91,000
Sheet 37 Borough of Cliffside Park
GENERAL CAPITAL FUND STATEMENT OF CAPITAL SURPLUS
YEAR-2014
Debit
Balance January 1, 2014 80029-0l xxxxxxxx
Premium on Sale of Bonds/Notes xxxxxxxx
Funded Improvement Authorizations Canceled xxxxxxxx
Appropriated to Finance Improvement Authorizations 80029-02
Appropriated to 2014 Budget Revenue 80029-03
Balance December 31, 2014 80029-04 $ 87,017
$ 87,017
XX
XX
XX
Credit
$ 87,017
xxxxxxxx
xxxxxxxx
xxxxxxxx
$ 87,017
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, 20 14· $
2. Amount of Cash in Special Trust Fund as of December 31,2014 (Note A) $
3. Amount of Bonds Issued Under Item I Maturing in 2015 $
4. Amount oflnterest on Bonds with a Covenant - 2015 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 2014 appropriation column.
XX
XX
XX
Sheet 38 Borough of Cliffside Park
A.
B.
MUNICIPALITIES ONLY
IMPORTANT This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete
(N.J.S.A.52:27BB-55 as Amended by Chap. 211, P.L 1981)
!. Total Tax Levy for the Year 2014 was $ _....:6:..:c0z..::, 8.::..3 9::2.'C::..:8 5:..;:.9_
2. Amount of Item I Collected in 2014 (*) $ _ ___..:;.5 9::..:•.::.:66:..:.1.!..:., 7.::..6 7:......
3. Seventy (70) percent of Item I $ __ 4""2"',5-'-87'-'-,9'-'0'-"1-
(*) Including prepayments and overpayments applied.
!. Did any maturities of bonded obligations or notes fall due during the year 2014? Answer YES or NO YES
2. Have payments been made for all bonded obligations or notes due on or before December 31, 2014?
Answer YES or NO: YES If answer is "NO" give details
NOTE: If answer to Item Bl is YES, then Item B2 must be answered
C. Does the appropriation required to be included in the 2015 budget for the liquidation of all bonded obligations or notes exceed 25% of the total of appropriations for operating purposes in the budget for the year just ended? Answer YES or NO: NO
D. !. Cash Deficit 2013 $
2. 4% of2013 Tax Levy for all purposes: Levy-- $ 59,792,988 $ 2,391,720
3. Cash Deficit 2014 $
4. 4% of2014 Tax Levy for all purposes: Levy-- $ 60,839,859 $ 2,433,594
E. Unpaid 2013 2014 Total
!. State Taxes $ None $ None $
2. County Taxes $ None $ None $
3. Amounts due Special Districts
$ None $ None $
4. Amounts due School Districts for Local School Tax
$ __ ..:N.:.:o::.:n::ec..__ $ __ ..:N::.:o.:.:n:.::e __ $ ____ _
Sheet 39 Borough of Cliffside Park
INSTRUCTIONS IN PREPARATION OF ANNUAL FINANCIAL STATEMENT OF 2014
The arrangement of the schedules is shown by the index appearing at the bottom hereof. The statement is prepared on a full cash basis. Any variations from a full cash basis must be taken up with the Division in advance of the preparation
of the statement and the budget.
Summary statements only of debt service are required. The use of summarized forms is permitted to conserve time. Responsibility for the supporting detail is placed on the chief financial officer who must be in a position to support the
summarized figures.
No sheets should be eliminated, except utility fund sheets under the conditions stipulated on sheet 2. Those sheets
not filled in should be marked "Not Applicable".
1, la & 1 b.
lc. ld. 2. 3 &3a 4. 5. 6. &6b. 6a.
7. 8. 9.
10. 11 & lla. 12. 13. 14. 15. 16. 17.&17a. 17. 18. 18. 19. 20. 21. 22. 22a. 23. 24. 25. 25a.
26. 27. 28. 29.
30. 3l.&31a. 32. 33. 34. & 34a. 35 & 35a. 36. 37. 37. 38. 39.
40.
41 & 55. 42 & 56. 43 & 57. 44 & 58. 45 & 59. 46 & 60. 47 &61. 48 & 62. 49 & 63. 49a & 63a. 50 & 64. 51 & 65. 51 a & 65a. 52 & 66. 53 & 67. 54 & 68.
INDEX
Certification and Affidavit Municipal Budget Local Examination Certification Report ofFederal and State Financial Assistance Expenditures of Awards Instructions and Certification Trial Balance- Current Fund Trial Balance- Public Assistance Fund Trial Balance- Federal and State Funds Trial Balance- Trust Funds/Schedule of Trust Fund Deposits & Reserves Municipal Public Defender Certification- P.L. 1997, C. 256 Analysis of Trust Assessment Cash and Investments Pledged to Liabilities and Surplus Trial Balance- Capital Fund Cash Reconciliation Federal and State Grants Receivable Appropriated Reserves for Federal and State Grants Unappropriated Reserves for Federal and State Grants Local District School Tax- Municipal Open Space Tax Regional School Tax- Regional High School Tax County Ta.'Xes Payable- Special District Taxes Reserves for State and Federal Aid for Library Services General Budget Revenues Allocation of Current Tax Collections General Budget Appropriations Emergency Appropriations for Local District School Purposes Results of2014 Operation- Current Fund Schedule of Miscellaneous Revenues Not Anticipated Surplus Account and Analysis of Balance Current Tax Levy Accelerated Tax Sale/Tax Levy Sale Chapter 99 To Calculate Underlying Tax Collection Rate for 2014
Due from/to State of New Jersey for Senior Citizens and Veterans Deductions Reserve for Tax Appeals Pending- N.J. Division ofT ax Appeals (N.J.S.A. 54:3-37) Municipal Budget- Computation of "Reserve for Uncollected Taxes" and "Amount to be Raised by Taxation" Accelerated Tax Sale- Chapter 99. Calculation to Utilize Proceeds in Current Budget as Deduction to Reserve for Uncollected Taxes Appropriation. Delinquent Taxes and Tax Title Liens Foreclosed Property; Contract Sales; Mortgage Sales Deferred Charges and List of Judgments- Current Emergency- Tax Map; Revaluation: Master Plan; Revisions and Codification of Ordinance; Drainage Maps for Flood Control; Preliminary Studies, etc. for Sanitary Sewer Systems, Municipal Consolidation Act; Flood or
Hurricane Damage Emergency- Damage to Roads and Bridges by Snow, Ice, etc.; Public Exigencies Caused by Civil Disturbances Summary Statement of Debt Service Requirements- Municipal (or County) Summary Statement of Debt Service Requirements -School -Type I and Current Debt Service for Notes (Other than Assessment Notes) Debt Service for Assessment Notes/Schedule of Capital Lease Program Obligations Improvement Authorizations Capital Improvement Fund Down Payment Capital Improvements Authorized in 2014 General Capital Surplus, Bond Covenants Required Information (N.J.S.A. 52:27BB-55 as amended by Chap. 211, P.L. 1981)
UTILITIES ONLY -NOT APPLICABLE
Instructions Trial Balance - Utility Fund Trial Balance- Utility Assessment Trust Funds Analysis of Utility Assessment Trust Cash and Investments Pledged to Liabilities and Surplus Utility Revenues and Appropriations 2014 Utility Operations Results of Operation, Operating Surplus and Analysis Utility Accounts Receivable; Utility Liens Deferred Charges and List of Judgments- Utility Summary Statement of Debt Service Requirements Summary Statement of Loan Requirements Debt Service for Utility Notes (Other than Utility Assessment Notes) Debt Service for Utility Assessment Notes Schedule of Capital Lease Program Obligations Improvement Authorizations (Utility Capital) Capital Improvement Fund and Do'W11 Payments Utility Capital Improvements Authorized in 2014; Utility Capital Surplus
SHEET 69
Borough of Franklin Lakes