ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2020 …

POPULATION LAST CENSUSNET VALUATION TAXABLE 2020

MUNICODE

ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTESANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TOCERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENTSERVICES.

of , County of

Date

1

2

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

Signature

Title

(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 prepared) or(which I have not prepared) [eliminate one] and information required also included herein and that this Statement is anexact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additionsare correct, that no transfers have been made to or from emergency appropriations and all statements contained hereinare in proof; I further certify that this statement is correct insofar as I can determine from all the books and recordskept and maintained in the Local Unit.

Further, I do hereby certify that I, ,am the Chief FinancialOfficer, License # , of the of

, County of and that thestatements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as atDecember 31, 2020, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurance asto the veracity of required information included herein, needed prior to certification by the Director of Local GovernmentServices, including the verification of cash balances as of December 31, 2020.

Signature

Title

Address

Phone Number

Fax Number

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

SEE BACK COVER FOR INDEX AND INSTRUCTIONS.DO NOT USE THESE SPACES

ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2020(UNAUDITED)

FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY:COUNTIES - JANUARY 26, 2021

99,967

12057,255,881,050

MUNICIPALITIES - FEBRUARY 10, 2021

MIDDLESEXEDISONTOWNSHIP

[email protected]

Examined By:

Preliminary Check

EDISON MIDDLESEXTOWNSHIP

Examined

[email protected]

Comtroller

Nicholas FargoN-0010

CFO

100 Municipal Blvd.

Sheet 1

732-248-7226

732-248-5376

THE REQUIRED CERTIFICATION BY AN RMA IS AS FOLLOWS:

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

I have prepared the post-closing trial balances, related statement and analyses included in theaccompanying Annual Financial Statement from the books of account and records madeavailable to me by the ofas of December 31, 2020 and have applied certain agreed-upon procedures thereon aspromulgated 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(no matters) [eliminate one] came to my attention that caused me to believe that the AnnualFinancial Statement for the year ended is not in substantial compliance with therequirements 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 governing body and 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 themunicipality/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:

Certified by me

this day ,2021

Sheet 1a

(Address)

(Address)

(Phone Number)

(Fax Number)

(Firm Name)

EDISONTOWNSHIP

Dec. 31, 2020

Robert S. Morrison(Registered Municipal Accountant)

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

1. The outstanding indebtedness of the previous fiscal year is not in excess of 3.5%;

2. All emergencies approved for the previous fiscal year did not exceed 3% of totalappropriations;

3. The tax collection rate exceeded 90%;

4. Total deferred charges did not equal or exceed 4% of the total tax levy;

5. There were no "procedural deficiencies" noted by the registered municipalaccountant on Sheet 1a of the Annual Financial Statement; and

6. There was no operating deficit for the previous fiscal year.

7. The municipality did not conduct an accelerated tax sale for less than 3 consecutiveyears.

8. The municipality did not conduct a tax levy sale the previous fiscal year and doesnot plan to conduct one in the current year.

9. The current year budget does not contain a Levy or Appropriation "CAP" waiver.

10. The municipality has not applied for Transitional Aid for 2021.

11. The municipality did not adopt a Special Emergency ordinance for COVID-relatedexpenses or loss of revenue (N.J.S.A. 40A:4-53 (l) and (m)).

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

Municipality:

Chief Financial Officer:

Signature:

Certificate #:

Date:

The undersigned certifies that this municipality does not meet item(s) 7 of the criteria above and therefore does not qualify for localexamination of its Budget in accordance with N.J.A.C. 5:30-7.5.

Municipality:

Chief Financial Officer:

Signature:

Certificate #:

Date:

Sheet 1b

CERTIFICATION OF NON-QUALIFYING MUNICIPALITY

TOWNSHIP OF EDISON

Nicholas Fargo

TOWNSHIP OF EDISON

2/19/2021

MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATIONBY

CHIEF FINANCIAL OFFICER

CERTIFICATION OF QUALIFYING MUNICIPALITY

N-0010

[email protected]

Fiscal Year Ending:

(1) (3)Federal programs

Expended Other Federal(administered by Programs

the state) Expended

$ 1,830,275.01 $ $ -

Type of Audit required by Title 2 U.S. Code of Federal Regulations

(CFR) (Uniform Requirements) and OMB 15-08.

X Single Audit

Program Specific Audit

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

Note: All local governments, who are recipients of federal and state awards (financial assistance), mustreport the total amount of federal and state funds expended during its fiscal year and the type of auditrequired to comply with Title 2 U.S. Code of Federal Regulations(CFR) OMB 15-08. (UniformGuidance) and OMB 15-08. The single audit threshold has been been increased to $750,000beginning with Fiscal Year ending after 1/1/15. Expenditures are defined in Title 2 U.S. Code ofFederal Regulations (CFR) (Uniform Guidance).

(1) Report expenditures from federal pass-through programs received directly from state government.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 frompass-through entities. Exclude state aid (I.e., CMPTRA, Energy Receipts tax, etc.) since thereare no compliance requirements.

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

2/19/2021Date

Sheet 1c

December 31, 2020

(2)

ProgramsExpended

State

[email protected] of Chief Financial Officer

TOTAL 2,343,681.90

Report of Federal and State Financial AssistanceExpenditures of Awards

22-6002241Fed I.D. #

TOWNSHIP OF EDISONMunicipality

MIDDLESEXCounty

INSTRUCTIONS

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

operated utility.

If there is a utility operated by the municipality of if a "utility fund" existed on the books of

account, do not sign this statement and do not remove any of the UTILITY sheets from the

document.

CERTIFICATION

I hereby certify that there was no "utility fund" on the books of account and there was no

utility owned and operated by the of ,

County of during the year 2020 and that sheets 40 to 68 are unnecessary.

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

Name

Title

(This must be signed by the Chief Financial Office, Comptroller, Auditor or Registered

Municipal Account.)

NOTE:

When removing the utility sheets, please be sure to refasten the "index" sheet (the last sheet

in the statement) in order to provide a protective cover sheet to the back of the document.

Certification is hereby made that the Net Valuation Taxable of property liable to taxation for

the tax year 2021 and filed with the County Board of Taxation on January 10, 2021 in accordance

with the requirement of N.J.S.A. 54:4-35, was in the amount of $

IMPORTANT !

READ INSTRUCTIONS

MUNICIPAL CERTIFICATION OF TAXABLE PROPERTY AS OF OCTOBER 1, 2020

EDISON

SIGNATURE OF TAX ASSESSOR

MIDDLESEX

7,281,979,991.00

TOWNSHIP

[email protected]

Sheet 2

MUNICIPALITY

MIDDLESEX

TOWNSHIP OF EDISON

COUNTY

Debit Credit

CASH 55,593,993.51

INVESTMENTS

DUE FROM/TO STATE - VETERANS AND SENIOR CITIZENS 12,257.96 -

Receivables with Full Reserves:

TAXES RECEIVABLE:

PRIOR 12,966.33 CURRENT 20,984.42

SUBTOTAL 33,950.75

TAX TITLE LIENS RECEIVABLE 1,376,018.65

PROPERTY ACQUIRED FOR TAXES 3,991,567.99

CONTRACT SALES RECEIVABLE -

MORTGAGE SALES RECEIVABLE -

HEALTH CHARGE RECEIVABLE 60,764.11

REVENUE ACCOUNT RECEIVABLE 75,787.99

DUE FROM DOG TRUST FUND 67.17

DUE FROM TRUST ASSESSMENT FUND 18,760.00

DUE FROM TRUST FUND 4,262.39

DUE FROM GENERAL CAPITAL FUND 4,809.40

DUE FROM TAX SALES REDEMPTIONS TRUST FUND 1,999.57

DUE FROM FLEXIBLE SPENDING ACCOUNT 9.30

DUE FROM SLEO BOE SCHOOL SECURITY 5,545.36

DEFERRED CHARGES:

EMERGENCY

SPECIAL EMERGENCY (40A:4-55) 2,218,600.00

DEFICIT -

page totals 63,398,394.15 - (Do not crowd - add additional sheets)

Sheet 3

Title of Account

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

POST CLOSINGTRIAL BALANCE - CURRENT FUND

AS AT DECEMBER 31, 2020

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

Debit Credit

TOTALS FROM PAGE 3 63,398,394.15 -

APPROPRIATION RESERVES 10,479,457.89

ENCUMBRANCES PAYABLE 2,656,372.47

2,413,600.00

TAX OVERPAYMENTS 1,089,133.46

PREPAID TAXES 3,988,112.12

ACCOUNT PAYABLE 1,698,398.09

Prepaid UCC FEES 75,000.00

DUE TO STATE:

MARRIAGE LICENCE 5.00

DCA TRAINING FEES

DUE TO FEDERAL AND STATE GRANT FUND 1,712,719.76

LOCAL SCHOOL TAX PAYABLE 9,441,654.00

REGIONAL SCHOOL TAX PAYABLE -

REGIONAL H.S.TAX PAYABLE -

COUNTY TAX PAYABLE -

DUE COUNTY - ADDED & OMMITTED -

SPECIAL DISTRICT TAX PAYABLE -

RESERVE FOR TAX APPEAL 6,365,481.39

7,220.28

87,118.00

264,000.00

1,535.40

4,322,192.84

366,575.21

25,000.00

25,000.00

RESERVE FOR OPEN ROAD OF EDISON REDEVELOPMENT 25,000.00

RESERVE FOR 979 AMBOY AVE LLC REDEVELOPMENT 25,000.00

RESERVE FOR RG-EDISON URBAN RENEWAL LLC 21,235.75

RESERVE FOR 1085/1105 URBAN RENEWAL LLC 20,457.50

RESERVE FOR RYAN AUTO OPEN ROAD TWP COST 23,128.70

RESERVE FOR SALARY ADJUSTMENTS 538,740.84 RESERVE FOR SPECIAL GARBAGE DISTRICT 5,519,986.76

PAGE TOTAL 63,398,394.15 51,192,125.46

Title of Account

RESERVE FOR TOWING ESCROW

RESERVE FOR STATE LIBRARY AID

RESERVE FOR LOSAP

RESERVE FOR POLICE & FIREMEN PENSION


POST CLOSINGTRIAL BALANCE - CURRENT FUND (CONT'D)



RESERVE FOR CAR MAX REDEVELOPMENT

RESERVE FOR 225 RARITAN CENTER PKY REDEVELOPMENT

SPECIALEMERGENCY NOTE PAYABLE

(Do not crowd - add additional sheets)Sheet 3a

RESERVE FOR ADVANCED MEDICAL CLAIMS

RESERVE FOR CONDOMINIUM SERVICES

Debit Credit

TOTALS FROM PAGE 3a 63,398,394.15 51,192,125.46

RESERVE FOR GSA ACQUISITION LEGAL FEES 9,069.43

RESERVE FOR RT#440 REDEVELOPMENT PROJECT 25,039.31

SUBTOTAL 63,398,394.15 51,226,234.20 "C"

RESERVE FOR RECEIVABLES 5,573,542.68

DEFERRED SCHOOL TAX -

DEFERRED SCHOOL TAX PAYABLE -

FUND BALANCE 6,598,617.27

TOTALS 63,398,394.15 63,398,394.15

(Do not crowd - add additional sheets)Sheet 3a.1

Title of Account


POST CLOSINGTRIAL BALANCE - CURRENT FUND (CONT'D)



Debit Credit

CASH 45,910.50

RESERVE FOR PUBLIC ASSISTANCE 45,910.50

TOTALS 45,910.50 45,910.50

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

Title of Account

(Do not crowd - add additional sheets)

Sheet 4

POST CLOSINGTRIAL BALANCE - PUBLIC ASSISTANCE FUND

ACCOUNTS #1 AND #2 *AS AT DECEMBER 31, 2020

Debit Credit

CASH -

GRANTS RECEIVABLE 3,881,917.49

DUE FROM/TO CURRENT FUND 1,712,719.76

ENCUMBRANCES PAYABLE 1,820,970.42

UNALLOCATED RECEIPTS 1,900.00

APPROPRIATED RESERVES 3,714,396.83

UNAPPROPRIATED RESERVES 57,370.00

TOTALS 5,594,637.25 5,594,637.25

Title of Account


Sheet 5

POST CLOSING TRIAL BALANCEFEDERAL AND STATE GRANTS


Debit Credit

ANIMAL CONTROL TRUST FUND

CASH 110,267.20

DUE TO -CURRENT FUND 67.17

DUE TO STATE OF NJ 40.80

RESERVE FOR ENCUMBRANCES 60,318.50

RESERVE FOR ANIMAL CONTROL TRUST FUND 49,840.73

FUND TOTALS 110,267.20 110,267.20

ASSESSMENT TRUST FUND

CASH -

DUE FROM -TRUST FUND 20,063.00

ASSESSMENT LIENS 97.00

ASSESSMENT LIENS INTEREST & COSTS 74.00

RESERVE FOR: ASSESSMENT LIENS AND INTEREST & COSTS 171.00

DUE TO-CURRENT FUND 18,760.00

FUND BALANCE 1,303.00

FUND TOTALS 20,234.00 20,234.00

MUNICIPAL OPEN SPACE TRUST FUND

CASH 1,071,030.06

RESERVE FOR FUTURE DEBT SERVICE 1,071,030.06

FUND TOTALS 1,071,030.06 1,071,030.06

LOSAP TRUST FUND

CASH -

FUND TOTALS - -

Title of Account

Sheet 6

POST CLOSINGTRIAL BALANCE -- TRUST FUNDS

AS AT DECEMBER 31, 2020(Assessment Section Must Be Separately Stated)


Debit Credit

CDBG TRUST FUND

CASH 202,668.06

DUE TO -CURRENT FUND

2,905,275.61

21,902.21

3,086,041.46

FUND TOTALS 3,107,943.67 3,107,943.67

ARTS AND CULTURAL TRUST FUND

CASH -

FUND TOTALS - -

OTHER TRUST FUNDS

CASH 50,651,009.07

DUE FROM CURRENT FUND 4,262.39

DUE TO ASSESSMENT TRUST FUND 20,063.00

DUE TO CURRENT FUND-TAX SALE REDEMPTIONS 1,999.57

DUE TO CURRENT FUND-FLEXIBLE SPENDING ACCOUNT 9.30

TAX SALE REDEMPTIONS FUNDS 6,236,750.81

RESERVE FOR TAX LIEN FORECLOSURE INTERERST TRUST 327,140.73

RESERVE FOR PAYROLL DEDUCTIONS 1,440,978.28

RESERVE FOR MISCELLANEOUS TRUST RESERVES 42,619,804.99

OTHER TRUST FUNDS PAGE TOTAL 50,651,009.07 50,651,009.07

Title of Account


Sheet 6.1

POST CLOSINGTRIAL BALANCE -- TRUST FUNDS (CONT'D)

AS AT DECEMBER 31, 2020(Assessment Section Must Be Separately Stated)

ACCOUNT RECEIVABLE

RESERVE FOR ENCUMBRANCES

RESERVE FOR CDBG

AmountDec. 31, 2019 Balance

per Audit as atReport Receipts Disbursements Dec. 31, 2020

Reserve for Landfill Closure 4,646,792.61 67,132.55 8,859.51 4,705,065.65

Reserve for Edison Landfill Closure Tru 2,547,576.72 308,974.32 1,007.00 2,855,544.04

Reserve for B.P.U. Landfill Closure 12,861,520.12 207,281.91 34,585.05 13,034,216.98

Reserve for Developer Escrow 2,208,341.95 1,396,969.00 1,263,579.80 2,341,731.15

Reserve for Self Insurance Fund 230,910.77 197.18 230,713.59

Reserve for Off Duty Public Safety 978,273.58 2,450,488.29 2,646,302.83 782,459.04

Reserve for Edison Home Security De 82.36 82.36

Reserve for Unemployment Comp 1,202,007.87 337,167.92 134,130.66 1,405,045.13

Reserve for Engineering Inspections 83,002.40 83,002.40

Reserve for Performance Bonds 3,505,314.86 938,799.82 176,482.89 4,267,631.79

Reserve for Law Enforcement Expend 303,163.99 31,948.18 52,702.17 282,410.00

Reserve for Parking Adjudication 6,203.22 72.00 767.88 5,507.34

Reserve for Accrued Sick Leave 898,147.09 - - 898,147.09

Reserve for Tree Fund 370,547.74 26,564.25 111,164.32 285,947.67

Reserve for Fire Fines 19,668.03 27,250.00 1,015.95 45,902.08

Reserve for Seized Assets 3,081.00 28.14 3,109.14

Reserve for Federal Forfeited Property 534,719.22 22,368.06 76,126.69 480,960.59

Reserve for Affordable Housing 5,885,492.93 2,488,144.48 1,113,129.93 7,260,507.48

Reserve for Recreation Trust 289,286.70 37,597.70 15,575.73 311,308.67

Reserve for Street Openings 342,609.57 334,438.60 95,578.60 581,469.57

Reserve for Other Escrows 913,491.91 12,119.01 250.00 925,360.92

Reserve for Park Improvement 344,825.59 115,346.90 27,094.85 433,077.64

Reserve for Tree Planting 498,837.58 60,876.77 96,803.32 462,911.03

Reserve for Fall Family Spetacular D 18,941.90 18,941.90

Reserve for Municipal Alliance 23,285.25 10,450.00 673.68 33,061.57

Reserve for Fire Escrows 1,534.00 1,534.00

Reserve for Public Defenders 58,971.05 10,112.39 27,999.96 41,083.48

Reserve for Flexible Spending A/C 13,431.60 27,046.67 28,397.65 12,080.62

Reserve for Enviromental Trust Dona 20,628.88 1,000.00 21,628.88

Reserve for Snow Recovery Trust 899,756.22 655,848.69 749,951.93 805,652.98

Reserve for Federal Forfeited Property -

Treasury - 3,710.21 3,710.21

-

-

-

-

-

-

PAGE TOTAL $ 39,710,446.71 $ 9,571,735.86 $ 6,662,377.58 $ 42,619,804.99

Sheet 6b

Purpose

SCHEDULE OF TRUST FUND RESERVES

AuditTitle of Liability to which Cash Balance Balanceand Investments are Pledged Dec. 31, 2019 Assessments Current Disbursements Dec. 31, 2020

and Liens Budget

Assessment Serial Bond Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx

Other Assets-Interfund Receivables (20,063.00) (20,063.00)

-

-

-

-

Assessment Bond Anticipation Note Issues: xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx

-

-

-

-

Other Liabilities 18,760.00 18,760.00

Trust Surplus 1,303.00 1,303.00

*Less Assets "Unfinanced" xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx

-

-

-

-

- - - - - - - - *Show as red figure

ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TOLIABILITIES AND SURPLUS

RECEIPTS

Sheet 7

Debit Credit

Est. Proceeds Bonds and Notes Authorized 24,111,342.61 xxxxxxxxx

Bonds and Notes Authorized but Not Issued xxxxxxxxx 24,111,342.61

CASH 16,464,955.46

GRANT RECEIVABLE 228,687.48

DUE FROM -

DUE FROM -

EDISON FREE PUBLIC LIBRARY RECEIVABLE 64,178.00

DEFERRED CHARGES TO FUTURE TAXATION:

FUNDED 21,400,967.11

UNFUNDED 85,663,121.61

INSURANCE PROCEEDS RECEIVABLE 66,850.00

DUE TO -CURRENT FUND 4,809.40

RESERVE FOR PAYMENT OF DEBT 80,304.01

RESERVE FOR WOODLAND ESTATES 337,343.21

RESERVE FOR ENCUMBRANCES 5,400,410.92

RESERVE FOR GRANT RECEIVABLES 51,173.53

RESERVE FOR PARKING SPACE VARIANCES 302,000.00

PAGE TOTALS 148,000,102.27 30,287,383.68

Title of Account


Sheet 8

POST CLOSINGTRIAL BALANCE -- GENERAL CAPITAL FUND


Debit Credit

PREVIOUS PAGE TOTALS 148,000,102.27 30,287,383.68

BOND ANTICIPATION NOTES PAYABLE 61,904,279.00

GENERAL SERIAL BONDS 20,694,773.29

TYPE 1 SCHOOL BONDS -

LOANS PAYABLE 706,193.82

CAPITAL LEASES PAYABLE -

RESERVE FOR CAPITAL PROJECTS

IMPROVEMENT AUTHORIZATIONS:

FUNDED 75,062.32

UNFUNDED 33,546,177.29

ENCUMBRANCES PAYABLE

RESERVE TO PAY BANS

CAPITAL IMPROVEMENT FUND 764,510.51

DOWN PAYMENTS ON IMPROVEMENTS -

CAPITAL FUND BALANCE 21,722.36

148,000,102.27 148,000,102.27

Sheet 8.1

POST CLOSINGTRIAL BALANCE -- GENERAL CAPITAL FUND


Title of Account


Less Checks Cash Book

*On Hand On DepositOutstanding Balance

1,147,236.98 56,281,553.42 1,834,796.89 55,593,993.51

-

6,724.38 121,039.86 17,497.04 110,267.20

-

1,071,030.06 1,071,030.06

-

0.02 202,668.04 202,668.06

433,389.66 50,781,880.35 564,260.94 50,651,009.07

-

17,368,896.15 903,940.69 16,464,955.46

45,910.50 45,910.50

-

17,489.35 26,419,204.25 48,376.69 26,388,316.91

100.00 1,048,874.35 1,048,974.35

62,426.93 7,709,197.43 123,528.00 7,648,096.36

-

-

-

-

-

-

-

-

-

-

-

-

-

- Total 1,667,367.32 161,050,254.41 3,492,400.25 159,225,221.48

* Include Deposits In Transit** Be sure to include a Public Assistance Account reconciliation and trial balance if the municipality maintains such a bank account.

REQUIRED CERTIFICATIONI hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the

applicable bank statements, certificates, agreements or passbooks at December 31, 2020.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 passbook at December 31, 2020.All "Certificates of Deposits", Repurchase Agreements" and other investments must be reported as cash and included in

this certification.(THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR

CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a).

Signature: Title:

CASH RECONCILIATION DECEMBER 31, 2020Cash

Sheet 9

Current

Trust - Animal Control

Trust - Assessment

Trust - Municipal Open Space

Trust - LOSAP

Trust - CDBG

Trust - Other

Trust -Arts and Cultural

General Capital

Public Assistance

UTILITIES:

Sewer Operating Fund

Sewer Capital Fund

CFO

Grant Fund

[email protected]

Water Operating Fund

Provident Bank:

Current Fund 42,324,297.26

Federal Forfeited Property Treausry Trust Fund 3,710.21

Dog License Fund 121,039.86

Payroll Account 175,057.19

Sewer Utility BAN's 2010 Fund 1,048,874.35

Sewer Utility Fund 26,419,204.25

Sanitation Fund 5,538,322.36

Law Enforcement Fund 282,410.00

General Capital Fund 17,368,896.15

Public Assistance Fund 45,910.50

Flexible Spending Account 12,089.92

Tax Sale Redemption Trust Fund 6,314,035.97

Water Utility Fund 7,709,197.43

Developer's Escrow Fund 2,402,660.29

Cash Performance Fund 4,315,289.76

CDBG Trust Fund 202,668.04

Tree Planting Escrow Fund 471,521.03

Employee Tax Account 1,112,991.94

Affordable Housing Trust Fund 7,360,507.48

Municipal Open Space Trust Fund 1,071,030.06

Federal Forfeited Funds 480,960.59

Seized Assets 3,109.14

Tree Fund 285,947.67

Trust Fund 6,709,535.80

Park Improvement Fund 432,283.88

Petty Cash Fund 618.20

US Bank:

BPU Landfill Closure Trust Fund 13,034,216.98

DEP Landfill Closure Trust Fund 4,705,065.65

Investors Bank:

Current Fund Investment Account 8,104,915.40

Edison Landfill Closure Trust Fund 2,855,544.04

NJ Cash Management Fund:

NJCMF Fund 138,343.01

PAGE TOTAL 161,050,254.41

Sheet 9a

LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"

CASH RECONCILIATION DECEMBER 31, 2020 (cont'd)

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

2020Balance Budget Received Other Cancelled Balance

Jan. 1, 2020 Revenue Dec. 31, 2020Realized

Alcohol Education Rehabilitation Grant 2,167.20 2,167.20 -

Body Armor Fund 15,272.48 15,272.48 -

Bulletproof Vest Partnership Grant 19,099.02 19,099.02

Cablevision Public Education Government Access Grant 10,000.00 10,000.00 -

Clean Communties Grant 167,328.96 167,328.96 -

Discretionary Aid-New Dover Road Resurfacing 75,916.43 75,916.43

Dudash Park Middlesex Greenway Access Enhance. Grant 24,000.00 24,000.00

Drive Sober or Get Pulled Over-Year End Crackdown 2019 13.75 5,500.00 5,500.00 13.75 -

Edison Multi-Site Park Revitalization Project Grant 350,000.00 - 350,000.00 -

Edward Byrne Memorial Justice Assistance Grant-Local Soli 11,740.00 11,740.00

Highway Safety Fund Grant 55,994.13 39,494.13 16,500.00

H Mart Grant 10,000.00 10,000.00 -

Jewish Renaissance Foundation Grant 4,146.52 4,146.52

MCIA Recycling Grant 15,345.00 15,345.00 -

Middlesex County Art Grant 2,375.00 2,375.00 -

Middlesex County Nutrition Program 6,000.00 5,500.00 500.00

Middlesex County Teen Art Grant 5,000.00 3,750.00 1,250.00

FEMA AFG-COVID 19 Grant Supplement 4,456.17 4,456.17

Municipal Alliance Grant 6,947.87 89,712.00 44,681.97 51,977.90

PAGE TOTALS 565,505.20 315,509.33 661,414.74 - 10,013.75 209,586.04

MUNICIPALITIES AND COUNTIESFEDERAL AND STATE GRANTS RECEIVABLE

Sheet 10

Grant



PREVIOUS PAGE TOTALS 565,505.20 315,509.33 661,414.74 - 10,013.75 209,586.04

Municipal Alliance Grant-7/1/20-9/30/20 6,795.76 6,795.76 -

Middlesex County Recycling Enhancement Grant 1,769.00 1,769.00 -

Municipal Alliance Special Project Grant FY 2019 6,000.00 6,000.00

Municipal Alliance Youth Service Commission FY 2021 26,979.00 26,979.00

NJ Care Act 1,550,000.00 1,550,000.00 -

NJDH CAHP CLEP Program 2018-2020 42,029.00 42,029.00 -

NJ DOT-Edison Train Station Grant 450,000.00 450,000.00

NJ Municipal Aid -Heller Park and Raritan Center Parkway 1,200,000.00 1,200,000.00

NJ Municipal Aid -Linquist Park Paving Project 625,000.00 454,052.20 170,947.80

NJ Municiapl Aid-New Dover Road 525,000.00 525,000.00

NJ Municipal Aid-Gorve Ave. Rehabil Project Grant FY 2019 527,200.00 527,200.00

NJ Municipal Aid-Roadway Improvements to Kilmer Road 667,014.00 667,014.00

Pedestrian Education & Enforcement Grant 16,958.15 16,958.15

Recycling Tonnage Grant 172,233.11 172,233.11 -

Sec 319(H) Nonpoint Pollution Control & Mgt Imple. Grant 65,000.00 65,000.00

Specific Traffic Enforcement Program 1,732.50 1,732.50

Sustainable Jersey Small Grant 30,000.00 15,000.00 15,000.00

Walmart Grant 500.00 600.00 600.00 500.00

PAGE TOTALS 1,105,695.85 5,690,129.20 2,903,893.81 - 10,013.75 3,881,917.49

MUNICIPALITIES AND COUNTIESFEDERAL AND STATE GRANTS RECEIVABLE (cont'd)

Sheet 10.1

Grant



PREVIOUS PAGE TOTALS 1,105,695.85 5,690,129.20 2,903,893.81 - 10,013.75 3,881,917.49

Investors Foundation Grant 8,000.00 8,000.00 -

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

PAGE TOTALS 1,105,695.85 5,698,129.20 2,911,893.81 - 10,013.75 3,881,917.49

MUNICIPALITIES AND COUNTIESFEDERAL AND STATE GRANTS RECEIVABLE (cont'd)

Grant

Sheet 10.2

Balance Expended Other Cancelled BalanceJan. 1, 2020 Budget Appropriation Dec. 31, 2020

By 40A:4-87

2,029.41 2,167.20 4,196.61

22,991.29 22,991.29

40,000.00 10,000.00 22,643.36 10,000.00 17,356.64

353,204.40 167,328.96 124,818.98 395,714.38

25,068.92 25,068.92

144,286.59 144,286.59

50,000.00 50,000.00

Dudash Park Middlesex Greenway Access Enhancement Grant 24,000.00 24,000.00

Drive Sober or get Pulled Over Labor Day Crackdown 2019 797.50 797.50

Drive Sober or get Pulled Over Year End Crackdown 2019 13.75 5,500.00 5,500.00 13.75 -

Drunk Driving Enforcement Fund 46,173.22 46,173.22

EMA/Bridges Teen Experiential Theater Art Grant 1,493.89 1,493.89

Empire Recycling-Edison Enviro Commission 854.81 854.81

Enhanced 9-1-1 Equipment Grant 10,220.05 10,220.05

Enhanced 9-1-1 General Assistance Grant- 12,258.16 12,258.16

Exxon Mobil Corporation Grant 1,680.11 1,680.11

FEMA AFG-COVID 19 Grant Supplement 4,456.17 4,456.17

64,832.91 64,832.91

531.21 107.22 423.99

PAGE TOTALS 800,436.22 - 189,452.33 153,069.56 - 10,013.75 826,805.24

Hazardous Discharge Site Remediation Municipal Grant

Hepatitis B Inoculation Grant

Sheet 11

SCHEDULE OF APPROPRIATED RESERVES FORFEDERAL AND STATE GRANTS

GrantTransferred from 2020Budget Appropriations

Alcohol Education & Rehabilitation Grant

Body Armor Fund

Cablevision Public Educ. Govt. Access Grant

Clean Communities Grant

Conservation Resources Inc.

Discretionary Aid-New Dover Road Resurfacing

Dismal Swamp Stewardship Contribution


By 40A:4-87

PREVIOUS PAGE TOTALS 800,436.22 - 189,452.33 153,069.56 - 10,013.75 826,805.24

H Mart Grant 17,662.53 10,000.00 5,032.30 22,630.23

Highway Safety Fund Grant 16,500.00 16,500.00

Influenza A-H1N1 Grant 2,691.58 2,691.58

Investors Foundation Grant 4,000.00 5,500.00 2,500.00 1,000.00 11,000.00

Jewish Renaissance Foundation Grant 6,526.05 6,526.05

Keep Middlesex Moving 5,902.00 5,902.00

MCIA Recycling Grant 76,725.00 15,345.00 92,070.00

Middlesex County Art Grant 15,152.84 2,263.62 12,889.22

Middlesex County Cultural & Heritage Commission 1,410.98 1,410.98

Middlesex County Gateway to theater Raw 3,900.00 3,900.00

Middlesex County Nutrition Program 16,754.67 6,000.00 3,047.49 19,707.18

Middlesex County Oak Crest Swim Club Grant 9,053.50 9,053.50

Middlesex County Quality of Life Grant 4,976.21 4,976.21

Middlesex County Recycling Enhancement Grant 20,475.04 1,769.00 22,244.04

Middlesex County Sustainable Growth-Shelter 2,339.91 2,339.91

Middlesex County Teen Art Grant 1,200.00 5,000.00 6,200.00

Middlesex Pedestrain Bike Grant 7,943.37 7,943.37

Municipal Alliance 1,888.43 89,712.00 65,891.19 25,709.24

PAGE TOTALS 1,015,538.33 133,326.00 191,952.33 230,304.16 - 10,013.75 1,100,498.75

Sheet 11.1


Transferred from 2020Grant Budget Appropriations


By 40A:4-87

PREVIOUS PAGE TOTALS 1,015,538.33 133,326.00 191,952.33 230,304.16 - 10,013.75 1,100,498.75

Municipal Alliance-7/1/2020-9/30/2020 6,795.76 6,795.76

Municipal Alliance Competitive RFA Grant 2011 5,000.00 5,000.00

Municipal Alliance Youth Service Commission FY 2021 26,979.00 26,979.00

NJ Care Act 1,550,000.00 1,550,000.00 -

450,000.00 450,000.00

69,336.89 42,029.00 26.70 111,339.19

1,200,000.00 908,876.53 291,123.47

625,000.00 625,000.00 -

525,000.00 525,000.00

527,200.00 521,805.28 5,394.72

667,014.00 667,014.00

5,271.36 5,271.36

16,903.15 16,903.15

278,509.49 172,233.11 96,981.00 353,761.60

Safe & Secure Communities Grant 8,617.28 8,617.28

Section 319(H) Nonpoint Pollution Control and MGT Imple. Gran 65,000.00 65,000.00

Smart Growth Cross Acceptance 38,819.16 38,819.16

Specific Traffic Enforcement Program 1,732.50 1,732.50

PAGE TOTALS 1,954,728.16 4,247,588.11 1,419,941.09 3,932,993.67 - 10,013.75 3,679,249.94

Sheet 11.2



NJDOT-Edison Train Station Grant

NJDH CAHP CLEP Program 2018-2020

NJ Municipal Aid-Heller Park and Raritan Center Parkway

NJ Municipal Aid-Linquiat Park Paving Project

Recycling Tonnage grant

NJ Municipal Aid-New Dover Road

NJ Municipal Aid-Grove Ave Rehabi. Project Grant FY 2019

NJ Municipal Aid-Roadway Improvements to Kilmer Road

PANDEMIC FLU GRANT

Pedestrian Education & Enforcement Grant


By 40A:4-87

PREVIOUS PAGE TOTALS 1,954,728.16 4,247,588.11 1,419,941.09 3,932,993.67 - 10,013.75 3,679,249.94

1,700.00 30,000.00 150.00 31,550.00

2,000.00 2,000.00

2,386.89 600.00 1,390.00 1,596.89

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

PAGE TOTALS 1,960,815.05 4,278,188.11 1,419,941.09 3,934,533.67 - 10,013.75 3,714,396.83

Sheet 11.3



Sustainable Jersey Small Grant

Target Strengthening Families Grant

Walmart Grant

Balance Received Other BalanceJan. 1, 2020 Budget Appropriation Dec. 31, 2020

By 40A:4-87

MCIA RECYCLING GRANT 15,345.00 15,345.00 15,345.00 15,345.00

NJDH CAHP CLEP PROGRAM 42,025.00 42,025.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

PAGE TOTALS 15,345.00 15,345.00 - 57,370.00 - 57,370.00

SCHEDULE OF UNAPPROPRIATED RESERVES FORFEDERAL AND STATE GRANTS

Sheet 12

GrantTransferred from 2020Budget Appropriations

Debit Credit

Balance - January 1, 2020 xxxxxxxxxxx xxxxxxxxxx

School Tax Payable # xxxxxxxxxxx 9,441,654.00 School Tax Deferred(Not in excess of 50% of Levy - 2019 - 2020) xxxxxxxxxxx

Levy School Year July 1, 2020 - June 30, 2021 xxxxxxxxxxx

Levy Calendar Year 2020 xxxxxxxxxxx 229,856,954.00

Paid 229,856,954.00 xxxxxxxxxx

Balance - December 31, 2020 xxxxxxxxxxx xxxxxxxxxx

School Tax Payable # 9,441,654.00 xxxxxxxxxxSchool Tax Deferred(Not in excess of 50% of Levy - 2020 - 2021) xxxxxxxxxx

* Not including Type 1 school debt service, emergency authorizations-schools, transfer to 239,298,608.00 239,298,608.00 Board of Education for use of local schools.

# Must include unpaid requisitions.

Debit Credit

Balance - January 1, 2020 xxxxxxxxxxx

2020 Levy xxxxxxxxxxx

Interest Earned xxxxxxxxxxx

Expenditures xxxxxxxxxx

Balance - December 31, 2020 xxxxxxxxxx

# Must include unpaid requisitions. - -

Sheet 13

*LOCAL DISTRICT SCHOOL TAX

MUNICIPAL OPEN SPACE TAX

Debit Credit


School Tax Payable # xxxxxxxxxxxSchool Tax Deferred(Not in excess of 50% of Levy - 2019 - 2020) xxxxxxxxxxx


Levy Calendar Year 2020 xxxxxxxxxxx

Paid xxxxxxxxxx


School Tax Payable # - xxxxxxxxxxSchool Tax Deferred(Not in excess of 50% of Levy - 2020 - 2021) xxxxxxxxxx


Debit Credit


School Tax Payable # xxxxxxxxxxxSchool Tax Deferred(Not in excess of 50% of Levy - 2019 - 2020) xxxxxxxxxxx


Levy Calendar Year 2020 xxxxxxxxxxx

Paid xxxxxxxxxx


School Tax Payable # - xxxxxxxxxxSchool Tax Deferred(Not in excess of 50% of Levy - 2020 - 2021) xxxxxxxxxx


Sheet 14

REGIONAL SCHOOL TAX

REGIONAL HIGH SCHOOL TAX

(Provide a separate statement for each Regional District involved)

Debit Credit


County Taxes xxxxxxxxxxx -

Due County for Added and Omitted Taxes xxxxxxxxxxx -

2020 Levy : xxxxxxxxxxx xxxxxxxxxx

General County xxxxxxxxxxx 69,099,063.13

County Library xxxxxxxxxxx

County Health xxxxxxxxxxx

County Open Space Preservation xxxxxxxxxxx 5,753,132.81

Due County for Added and Omitted Taxes xxxxxxxxxxx 244,580.38



County Taxes xxxxxxxxxx

Due County for Added and Omitted Taxes (0.00) xxxxxxxxxx

75,096,776.32 75,096,776.32

Debit Credit

Balance - January 1, 2020 xxxxxxxxxxx

2020 Levy: (List Each Type of District Tax Separately - see Footnote) xxxxxxxxxxx xxxxxxxxxx

Fire - xxxxxxxxxxx xxxxxxxxxx

Sewer - xxxxxxxxxxx xxxxxxxxxx

Water - xxxxxxxxxxx xxxxxxxxxx

Garbage - 10,070,067.74 xxxxxxxxxxx xxxxxxxxxx

xxxxxxxxxxx xxxxxxxxxx



Total 2020 Levy xxxxxxxxxxx 10,070,067.74


Balance - December 31, 2020 - xxxxxxxxxx

10,070,067.74 10,070,067.74

Footnote: Please state the number of districts in each instance.

Sheet 15

COUNTY TAXES PAYABLE

SPECIAL DISTRICT TAXES

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

Surplus Anticipated 7,289,246.26 7,289,246.26 - Surplus Anticipated with Prior Written Consent ofDirector of Local Government -

Miscellaneous Revenue Anticipated: xxxxxxxxx xxxxxxxxx xxxxxxxxx

Adopted Budget 38,951,003.98 37,564,758.07 (1,386,245.91)

Added by N.J.S. 40A:4-87 (List on 17a) 1,419,941.09 1,419,941.09 -

- -

Total Miscellaneous Revenue Anticipated 40,370,945.07 38,984,699.16 (1,386,245.91)

Receipts from Delinquent Taxes 94,448.48 94,448.48

Amount to be Raised by Taxation: xxxxxxxxx xxxxxxxxx xxxxxxxxx

(a) Local Tax for Municipal Purposes 97,650,451.97 xxxxxxxxx xxxxxxxxx

(b) Addition to Local District School Tax xxxxxxxxx xxxxxxxxx

(c) Minimum Library Tax 6,327,927.27 xxxxxxxxx xxxxxxxxx

Total Amount to be Raised by Taxation 103,978,379.24 105,415,023.72 1,436,644.48

151,638,570.57 151,783,417.62 144,847.05

Debit Credit

Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) xxxxxxxxx 418,787,176.21

Amount to be Raised by Taxation xxxxxxxxx xxxxxxxxx

Local District School Tax 229,856,954.00 xxxxxxxxx

Regional School Tax - xxxxxxxxx

Regional High School Tax - xxxxxxxxx

County Taxes 74,852,195.94 xxxxxxxxx

Due County for Added and Omitted Taxes 244,580.38 xxxxxxxxx

Special District Taxes 10,070,067.74 xxxxxxxxx

Municipal Open Space Tax - xxxxxxxxx

Reserve for Uncollected Taxes xxxxxxxxx 1,651,645.57

Deficit in Required Collection of Current Taxes (or) xxxxxxxxx -

Balance for Support of Municipal Budget (or) 105,415,023.72 xxxxxxxxx

*Excess Non-Budget Revenue (see footnote) xxxxxxxxx

*Deficit Non-Budget Revenue (see footnote) xxxxxxxxx

420,438,821.78 420,438,821.78

Source

STATEMENT OF GENERAL BUDGET REVENUES 2020

ALLOCATION OF CURRENT TAX COLLECTIONS

Sheet 17

*These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" column of the statement at the top of this sheet. In such instances, any excess or deficit in the above allocation would apply to "Non-Budget Revenue" only.

Budget Realized Excess or Deficit

Cablevision Public Education Government Access Grt 10,000.00 10,000.00 -

Municipal Alliance (7/1/2020 to 9/30/2020) 6,795.76 6,795.76 -

Municipal Alliance Youth Service Commission 26,979.00 26,979.00 -

Clean Communities Grant 167,328.96 167,328.96 -

Drive Sober or Get Pulled Over year end 2019 5,500.00 5,500.00 -

Alcohol Education Rehabilitation Grant 2,167.20 2,167.20 -

Investors Foundation Grant 2,500.00 2,500.00 -

Municipal Aid- Grove Ave. Rehabilitation Grant 527,200.00 527,200.00 -

FEMA AFG-COVID 19 Supplemental Grant 4,456.17 4,456.17 -

FY2021 Roadway Improvements to Kilmer Road 667,014.00 667,014.00 -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

- -

PAGE TOTALS 1,419,941.09 1,419,941.09 - I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have receivedwritten 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

STATEMENT OF GENERAL BUDGET REVENUES 2020(Continued)

Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87

Source

[email protected]

2020 Budget as Adopted 150,218,629.48

2020 Budget - Added by N.J.S. 40A:4-87 1,419,941.09

Appropriated for 2020 (Budget Statement Item 9) 151,638,570.57

Appropriated for 2020 by Emergency Appropriation (Budget Statement Item 9)

Total General Appropriations (Budget Statement Item 9) 151,638,570.57

Add: Overexpenditures (see footnote)

Total Appropriations and Overexpenditures 151,638,570.57

Deduct Expenditures:

Paid or Charged [Budget Statement Item (L)] 139,081,282.08

Paid or Charged - Reserve for Uncollected Taxes 1,651,645.57

Reserved 10,479,457.89

Total Expenditures 151,212,385.54

Unexpended Balances Canceled (see footnote) 426,185.03

FOOTNOTES - RE: OVEREXPENDITURESEvery appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item.RE: UNEXPENDED BALANCES CANCELEDAre 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".

2020 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

STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2020

SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCALDISTRICT SCHOOL PURPOSES

(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)

Debit Credit

Excess of Anticipated Revenues: xxxxxxxxx xxxxxxxxx

Miscellaneous Revenues anticipated xxxxxxxxx

Delinquent Tax Collections xxxxxxxxx 94,448.48

xxxxxxxxx

Required Collection of Current Taxes xxxxxxxxx 1,436,644.48

Unexpended Balances of 2020 Budget Appropriations xxxxxxxxx 426,185.03

Miscellaneous Revenue Not Anticipated xxxxxxxxx 245,324.42 Miscellaneous Revenue Not Anticipated:

Proceeds of Sale of Foreclosed Property (Sheet 27)

Payments in Lieu of Taxes on Real Property xxxxxxxxx

Sale of Municipal Assets xxxxxxxxx

Unexpended Balances of 2019 Appropriation Reserves xxxxxxxxx 4,661,898.65

Prior Years Interfunds Returned in 2020 xxxxxxxxx 50,789.70

Special Emergency Note Sale Premium xxxxxxxxx 5,912.50

Account Payables Cancelled 77,385.52

Tax Overpayments Cancelled by Resolution xxxxxxxxx 4,809.45

Prior Years Revenues Refund xxxxxxxxx 526.31

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

Balance - January 1, 2020 - xxxxxxxxx

Balance - December 31, 2020 xxxxxxxxx -

Deficit in Anticipated Revenues: xxxxxxxxx xxxxxxxxx

Miscellaneous Revenues Anticipated 1,386,245.91 xxxxxxxxx

Delinquent Tax Collections - xxxxxxxxx

xxxxxxxxx

Required Collection on Current Taxes - xxxxxxxxx

Interfund Advances Originating in 2020 xxxxxxxxx

2019 County Judgement 23,165.30 xxxxxxxxx

Counterfeit Bill Assumed Loss 100.00 xxxxxxxxx

Reserve for Payroll 5,671.75

xxxxxxxxx

xxxxxxxxx

Deficit Balance - To Trial Balance (Sheet 3) xxxxxxxxx -

Surplus Balance - To Surplus (Sheet 21) 5,600,085.08 xxxxxxxxx

7,009,596.29 7,009,596.29

Sheet 19

RESULTS OF 2020 OPERATION

CURRENT FUND

- xxxxxxxxx

Amount Realized

Reserve for Recycling 26,577.29

NJS Motor Vehicle Inspection 448.67

Vending Machine Commission 2,696.83

Durgavine 2006 Kenmore Donation 2,000.00

Catena Redevelopment Application Fee 25,000.00

CJJIF SIP Award 12,500.00

Sale of Abandoned Vehicles 19,775.00

Solar Renewable Energy Credits 60,750.00

CPOwer New Capacity Reward 1,030.33

FEMA Hurricane Laura 38,537.26

NJ Turnpike Contributions-Calls Response 1,720.00

Cooperative Housing Inspection Fees 21,991.00

Cablevision Public Education Government Access Grant 10,000.00

C.J.J.I.F meeting 2,550.00

Senior and Vetern Deduction Administration Fee 7,344.37

Verizon Annual Franchise Fee 6,852.55

Miscellaneous 5,551.12

Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) 245,324.42

Sheet 20

SCHEDULE OF MISCELLANEOUS REVENUESNOT ANTICIPATED

Source

Debit Credit

1. Balance - January 1, 2020 xxxxxxxxx 8,287,778.45

2. xxxxxxxxx

3. Excess Resulting from 2020 Operations xxxxxxxxx 5,600,085.08

4. Amount Appropriated in the 2020 Budget - Cash 7,289,246.26 xxxxxxxxx5. Amount Appropriated in 2020 Budget - with Prior Written-

Consent of Director of Local Government Services - xxxxxxxxx

6. xxxxxxxxx

7. Balance - December 31, 2020 6,598,617.27 xxxxxxxxx

13,887,863.53 13,887,863.53

Cash 55,593,993.51

Investments

Sub Total 55,593,993.51 Deduct Cash Liabilities Marked with "C" on Trial Balance 51,226,234.20

Cash Surplus 4,367,759.31

Deficit in Cash Surplus

Other Assets Pledged to Surplus:*

12,257.96

Deferred Charges # 2,218,600.00

Cash Deficit #

Total Other Assets 2,230,857.96

* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS" 6,598,617.27 WOULD ALSO BE PLEDGED TO CASH LIABILITIES.

# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2021 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.

(1) Due from State of N.J. Senior Citizens and Veterans Deduction

Sheet 21

SURPLUS - CURRENT FUNDYEAR - 2020

ANALYSIS OF BALANCE DECEMBER 31, 2020(FROM CURRENT FUND - TRIAL BALANCE)

1. Amount of Levy as per Duplicate (Analysis) # $ 408,754,271.93 or

(Abstract of Ratables) $

2. Amount of Levy Special District Taxes $ 10,040,773.71

3. Amount Levied for Omitted Taxes underN.J.S.A. 54:4-63.12 et seq. $ 1,364,702.33

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

5a. Subtotal 2020 Levy $ 420,159,747.97 5b. Reductions due to tax appeals ** $5c. Total 2020 Tax Levy $ 420,159,747.97

6. Transferred to Tax Title Liens $ 186,815.50

7. Transferred to Foreclosed Property $

8. Remitted, Abated or Canceled $ 1,164,771.84

9. Discount Allowed $

10. Collected in Cash: In 2019 $ 2,721,574.24

In 2020 * $ 415,697,445.11

Homestead Benefit Credit $

State's Share of 2020 Senior Citizensand Veterans Deductions Allowed $ 368,156.86

Total To Line 14 $ 418,787,176.21

11. Total Credits $ 420,138,763.55

12. Amount Outstanding December 31, 2020 $ 20,984.42

13. Percentage of Cash Collections to Total 2020 Levy,(Item 10 divided by Item 5c) is 99.67%

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

14. Calculation of Current Taxes Realized in Cash:

Total of Line 10 $ 418,787,176.21 Less: Reserve for Tax Appeals Pending

State Division of Tax Appeals $

To Current Taxes Realized in Cash (Sheet 17) $ 418,787,176.21

Note A: In showing the above percentage the following should be noted:Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50,the percentage represented by the cash collections would be$1,049,977.50 divided by $1,500,000, or .699985. The correct 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 2020 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

(FOR MUNICIPALITIES ONLY)CURRENT TAXES - 2020 LEVY

Sheet 22

(1) Utilizing Accelerated Tax Sale

Total of Line 10 Collected in Cash (sheet 22) $ 418,787,176.21

LESS : Proceeds from Accelerated Tax Sale 1,070,642.30

Net Cash Collected $ 417,716,533.91

Line 5c (sheet 22) Total 2020 Tax Levy $ 420,159,747.97

Percentage of Collection Excluding Accelerated Tax Sale Proceeds(Net Cash Collected divided by Item 5c) is 99.42%

(2) Utilizing Tax Levy Sale

Total of Line 10 Collected in Cash (sheet 22) $ 418,787,176.21

LESS : Proceeds from Tax Levy Sale (excluding premium)

Net Cash Collected $ 418,787,176.21

Line 5c (sheet 22) Total 2020 Tax Levy $ 420,159,747.97

Percentage of Collection Excluding Tax Levy Sale Proceeds(Net Cash Collected divided by Item 5c) is 99.67%

Sheet 22a

ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99

To Calculate Underlying Tax Collection Rate for 2020

Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant toChapter 99, P.L. 1997.

Debit Credit

1. Balance - January 1, 2020 xxxxxxxxx xxxxxxxxx

Due From State of New Jersey 11,319.60 xxxxxxxxx

Due To State of New Jersey xxxxxxxxx

2. Sr. Citizens Deductions Per Tax Billings 297,250.00 xxxxxxxxx

3. Veterans Deductions Per Tax Billings 84,250.00 xxxxxxxxx

4. Deductions Allowed By Tax Collector 2,500.00 xxxxxxxxx

5. Deductions Allowed By Tax Collector 2019 Taxes

6.

7. Deductions Disallowed By Tax Collector xxxxxxxxx 15,843.14

8. Deductions Disallowed By Tax Collector Prior Taxes xxxxxxxxx

9. Received in Cash from State xxxxxxxxx 367,218.50

10.

11.

12. Balance - December 31, 2020 xxxxxxxxx xxxxxxxxx

Due From State of New Jersey xxxxxxxxx 12,257.96

Due To State of New Jersey - xxxxxxxxx

395,319.60 395,319.60

Calculation of Amount to be included on Sheet 22, Item 10 -2020 Senior Citizens and Veterans Deductions Allowed

Line 2 297,250.00

Line 3 84,250.00

Line 4 2,500.00

Sub - Total 384,000.00

Less: Line 7 15,843.14

To Item 10, Sheet 22 368,156.86

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

Sheet 23

Debit Credit

Balance - January 1, 2020 xxxxxxxxxx 5,820,620.92

Taxes Pending Appeals 5,820,620.92 xxxxxxxxxx xxxxxxxxx

Interest Earned on Taxes Pending Appeals xxxxxxxxxx xxxxxxxxx

xxxxxxxxxx

Interest Earned on Taxes Pending State Appeals xxxxxxxxxx

Budget Appropriation 1,790,000.00

Cash Paid to Appellants (Including 5% Interest from Date of Payment) 1,245,139.53 xxxxxxxxxClosed to Results of Operation(Portion of Appeal won by Municipality, including Interest) xxxxxxxxx

Balance - December 31, 2020 6,365,481.39 xxxxxxxxx

Taxes Pending Appeals* 6,365,481.39 xxxxxxxxx xxxxxxxxx

Interest Earned on Taxes Pending Appeals xxxxxxxxx xxxxxxxxx

* Includes State Tax Court and County Board of Taxation 7,610,620.92 7,610,620.92 Appeals Not Adjusted by December 31, 2020

2/19/2021Date

Sheet 24

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

Signature of Tax Collector

License #

Contested Amount of 2020 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22)

[email protected]

T-1624

1. Balance - January 1, 2020 1,274,051.48 xxxxxxxxx

A. Taxes 21,163.04 xxxxxxxxx xxxxxxxxx

B. Tax Title Liens 1,252,888.44 xxxxxxxxx xxxxxxxxx

2. Canceled: xxxxxxxxx xxxxxxxxx

A. Taxes xxxxxxxxx 7.89

B. Tax Title Liens xxxxxxxxx

3. Transferred to Foreclosed Tax Title Liens: xxxxxxxxx xxxxxxxxx

A. Taxes xxxxxxxxx

B. Tax Title Liens xxxxxxxxx

4. Added Taxes 13,910.77 xxxxxxxxx

5. Added Tax Title Liens 8,663.60 xxxxxxxxx

6. xxxxxxxxx

A. Taxes - Transfers to Tax Title Liens xxxxxxxxx (1)

B. Tax Title Liens - Transfers from Taxes (1) - xxxxxxxxx

7. Balance Before Cash Payments xxxxxxxxx 1,296,617.96

8. Totals 1,296,625.85 1,296,625.85

9. Balance Brought Down 1,296,617.96 xxxxxxxxx

10. Collected: xxxxxxxxx 94,448.48


B. Tax Title Liens 72,348.89 xxxxxxxxx xxxxxxxxx

11. Interest and Costs - 2020 Tax Sale xxxxxxxxx

12. 2020 Taxes Transferred to Liens 186,815.50 xxxxxxxxx

13. 2020 Taxes 20,984.42 xxxxxxxxx

14. Balance - December 31, 2020 xxxxxxxxx 1,409,969.40


B. Tax Title Liens 1,376,018.65 xxxxxxxxx xxxxxxxxx

15. Totals 1,504,417.88 1,504,417.88

16. Percentage of Cash Collections to Adjusted Amount Outstanding(Item No. 10 divided by Item No. 9) is 7.28%

17. Item No.14 multiplied by percentage shown above is 102,645.77 and represents themaximum amount that may be anticipated in 2021.

(See Note A on Sheet 22 - Current Taxes)

(1) These amounts will always be the same.

Sheet 26

SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS

Debit Credit

Adjustment between Taxes (Other than current year) and Tax Title Liens;

Debit Credit

1. Balance - January 1, 2020 3,991,567.99 xxxxxxxxx

2. Foreclosed or Deeded in 2020 xxxxxxxxx xxxxxxxxx

3. Tax Title Liens - xxxxxxxxx

4. Taxes Receivable - xxxxxxxxx

5A. xxxxxxxxx

5B. xxxxxxxxx

6. Adjustment to Assessed Valuation xxxxxxxxx

7. Adjustment to Assessed Valuation xxxxxxxxx

8. Sales xxxxxxxxx xxxxxxxxx

9. Cash * xxxxxxxxx

10. Contract xxxxxxxxx

11. Mortgage xxxxxxxxx

12. Loss on Sales xxxxxxxxx

13. Gain on Sales xxxxxxxxx

14. Balance - December 31, 2020 xxxxxxxxx 3,991,567.99

3,991,567.99 3,991,567.99

Debit Credit

15. Balance - January 1, 2020 xxxxxxxxx

16. 2020 Sales from Foreclosed Property xxxxxxxxx

17. Collected* xxxxxxxxx

18. xxxxxxxxx19. Balance - December 31, 2020 xxxxxxxxx -

- -

Debit Credit

20. Balance - January 1, 2020 xxxxxxxxx

21. 2020 Sales from Foreclosed Property xxxxxxxxx

22. Collected* xxxxxxxxx

23. xxxxxxxxx24. Balance - December 31, 2020 xxxxxxxxx -

- - Analysis of Sale of Property: $ - * Total Cash Collected in 2020

Realized in 2020 Budget

To Results of Operation (Sheet 19) -

Sheet 27

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

CONTRACT SALES

MORTGAGE SALES

AmountDec. 31, 2019 Amount in Amount Balance

per Audit 2020 Resulting as atReport Budget from 2020 Dec. 31, 2020

Emergency Authorization -Municipal* $ $ $ $ -

Emergency Authorization -Schools $ $ $ $ -

Overexpenditure of Appropriations $ $ $ $ -

$ $ $ $ -

$ $ $ $ -

$ $ $ $ -

$ $ $ $ -

$ $ $ $ -

$ $ $ $ -

TOTAL DEFERRED CHARGES $ - $ - $ - $ -

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

Amount

1. $

2. $

3. $

4. $

5. $

Appropriated forin Budget of

Date Entered Amount Year 2021

1. $

2. $

3. $

4. $

DEFERRED CHARGES

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

Date Purpose

- MANDATORY CHARGES ONLY -CURRENT, TRUST, AND GENERAL CAPITAL FUNDS

(Do not include the emergency authorizations pursuant to N.J.S.A.40A:4-55,N.J.S.A. 40A:4-55.1 or N.J.S.A. 40A:4-55.13 listed on Sheets 29 and 30.)

Caused By

Sheet 28

JUDGMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED

In Favor of On Account of

N.J.S.A. 40A:4-53 SPECIAL EMERGENCY - TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPSFOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPALCONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.

Amount Not Less Than Balance BalanceAuthorized 1/5 of Amount Dec. 31, 2019 By 2020 Canceled Dec. 31, 2020

Authorized* Budget By Resolution

FUND CONTRACTUALLY REQUIRED SEVERANCE LIABILITIES 714,000.00 142,800.00 142,800.00 142,800.00 -

FUND CONTRACTUALLY REQUIRED SEVERANCE LIABILITIES 830,000.00 166,000.00 332,000.00 166,000.00 166,000.00

FUND CONTRACTUALLY REQUIRED SEVERANCE LIABILITIES 1,380,000.00 276,000.00 828,000.00 276,000.00 552,000.00

FUND CONTRACTUALLY REQUIRED SEVERANCE LIABILITIES 1,201,000.00 240,200.00 960,800.00 240,200.00 720,600.00

FUND CONTRACTUALLY REQUIRED SEVERANCE LIABILITIES 975,000.00 195,000.00 975,000.00 195,000.00 780,000.00

-

-

-

-

-

-

-

-

-

Totals 5,100,000.00 1,020,000.00 3,238,600.00 1,020,000.00 - 2,218,600.00

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

* Not less than one-fifth (1/5) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2020' must be entered here and then raised in the 2021 budget.

[email protected] Financial Officer

REDUCED IN 2020

Sheet 29

Date Purpose

12/21/2015

11/7/2016

12/20/2017

10/24/2018

12/11/2019

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



-

-

-

-

-

-

-

-

-

-

-

-

-

-

Totals - - - - - -

It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S.A. 40A:4-55.1 et seq. andN.J.S. 40A:4-55.13 et seq. and are recorded on this page

* Not less than one-third (1/3) of amount authorized but not more than the amount in the column 'Balance Dec. 31, 2020' must be entered here and then raised in the 2021 budget.Chief Financial Officer

REDUCED IN 2020

Sheet 30

Date Purpose

Debit

Outstanding - January 1, 2020 xxxxxxxxx

Issued xxxxxxxxx

Paid 5,925,020.77

Outstanding - December 31, 2020 20,694,773.29

26,619,794.06

2021 Bond Maturities - General Capital Bonds $

2021 Interest on Bonds* $ 758,670.43


Issued xxxxxxxxx

Paid

Outstanding - December 31, 2020 -

-

2021 Bond Maturities - Assessment Bonds $

2021 Interest on Bonds* $

Total "Interest on Bonds - Debt Service" (*Items) $

2021 Maturity Interest Rate

Total -

Purpose Amount Issued

Sheet 31

LIST OF BONDS ISSUED DURING 2020

-

Date of Issue

xxxxxxxxx

xxxxxxxxx

26,619,794.06

ASSESSMENT SERIAL BONDS

6,166,656.05

xxxxxxxxx

758,670.43

xxxxxxxxx

-

SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2021 DEBT SERVICE FOR BONDS

GENERAL CAPITAL BONDS

2021 Debt ServiceCredit

26,619,794.06

Debit


Issued xxxxxxxxx

Paid 41,946.49

Refunded

Outstanding - December 31, 2020 86,439.42

128,385.91

2021 Loan Maturities $

2021 Interest on Loans $Total 2021 Debt Service for Loan $


Issued xxxxxxxxx

Paid 195,368.59


815,122.99


2021 Interest on Loans $

Total 2021 Debt Service for LOAN $


Total -

200,212.05

xxxxxxxxx

815,122.99

Purpose

17,031.26

1,515.90 44,305.52

128,385.91

xxxxxxxxx

42,789.62

815,122.99

xxxxxxxxx

NJ ENVIROMENTAL INFRASTRUCTURE TRUST LOAN LOAN

SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2021 DEBT SERVICE FOR LOANS

GREEN ACRES LOAN


128,385.91

xxxxxxxxx

Date of IssueAmount Issued

217,243.31

Sheet 31a

LIST OF LOANS ISSUED DURING 2020

-

Debit


Paid


-

2021 Bond Maturities - Term Bonds $

2021 Interest on Bonds $


Issued xxxxxxxxx

Paid


-

2021 Interest on Bonds* $

2021 Bond Maturities - Serial Bonds $

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

2021 Maturity -01

Interest Rate

Total -

OutstandingDec. 31, 2020

1. Emergency Notes $ $

2. Special Emergency Notes $ 2,413,600.00 $

3. Tax Anticipation Notes $ $

4. Interest on Unpaid State & County Taxes $ $

5. $ $

6. $ $

SCHEDULE OF BONDS ISSUED AND OUTSTANDINGAND 2021 DEBT SERVICE FOR BONDS

TYPE I SCHOOL TERM BONDS


xxxxxxxxx


-

-

TYPE I SCHOOL SERIAL BONDS

-

xxxxxxxxx

xxxxxxxxx

2021 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY

Purpose Date of Issue

xxxxxxxxx

Amount Issued -02

-

2021 Interest

Sheet 32

45,187.95

Requirement

Original Original Amount Date Rate InterestAmount Date of of Note of of Computed toIssued Issue* Outstanding Maturity Interest For Principal For Interest (Insert Date)

Dec. 31, 2020 **

4,274,500.00 4/11/2014 3,716,276.00 01/13/21 2.5000% 139,037.00 86,971.18 01/13/21

11,371,899.00 2/13/2015 9,925,092.00 01/13/21 2.5000% 482,269.00 232,274.72 01/13/21

12,175,000.00 3/19/2015 2,025,000.00 01/13/21 2.0000% 2,025,000.00 37,912.50 01/13/21

3,333,330.00 2/11/2016 2,805,888.00 01/13/21 2.5000% 175,438.00 65,665.57 01/13/21

10,925,000.00 2/11/2016 9,389,530.00 01/13/21 2.5000% 511,470.00 219,741.08 01/13/21

1,710,000.00 6/27/2017 1,666,154.00 01/13/21 2.5000% 43,846.00 38,992.63 01/13/21

8,290,000.00 6/27/2017 7,861,798.00 01/13/21 2.5000% 428,202.00 183,987.91 01/13/21

4,210,000.00 2/8/2018 3,992,541.00 01/13/21 2.5000% 217,459.00 93,436.55 01/13/21

7,000,000.00 2/8/2018 7,000,000.00 01/13/21 2.5000% 370,763.00 163,819.44 01/13/21

5,492,000.00 2/7/2019 5,492,000.00 01/13/21 2.5000% 128,528.06 01/13/21

8,030,000.00 9/1/2020 8,030,000.00 01/13/21 1.0000% 29,443.33 01/13/21

Page Totals 76,811,729.00 61,904,279.00 4,393,484.00 1,280,772.99 Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually.Memo: Type 1 School Notes should be separately listed and totaled.* "Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued.

All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2021 orwritten intent of permanent financing submitted with statement. (Do not crowd - add additional sheets)

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

Various Capital Improvements


DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES)

Sheet 33

Title or Purpose of Issue 2021 Budget Requirements



General Refunding Tax Appeals-2015



Accquisition of a Warehouse Building





Dec. 31, 2020 **

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Total - - - - MEMO:* See Sheet 33 for clarification of "Original Date of Issue"

Assessment Notes with an original date of issue of 2018 or prior must be appropriated in full in the 2021 Dedicated Assessment Budget or written intent of permanent financingsubmitted with statement.

** Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes".(Do not crowd - add additional sheets)

DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES

Sheet 34

Title or Purpose of Issue 2021 Budget Requirements

AmountLease Obligation Outstanding

Dec. 31, 2020 For Principal For Interest/Fees

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

Total - - -


SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS

Sheet 34a

Purpose 2021 Budget Requirements

2020 Other Expended AuthorizationsFunded Unfunded Authorizations Canceled Funded Unfunded

109,747.02 109,747.02

339,000.00 339,000.00

20,761.25 20,761.25

93,961.89 93,961.89

133,778.31 133,778.31

241,367.46 39,042.43 202,325.03

18,247.29 590,000.00 18,247.29 590,000.00

6,936.64 6,936.64

4,258.22 4,258.22

17,291.09 17,291.09 -

811,612.63 27,175.47 784,437.16

27,103.69 27,103.69

129.08 129.08

349.31 349.31

2,043,583.55 (76,620.94) 2,120,204.49

5,534,142.30 861,627.98 4,672,514.32

49,400.00 49,400.00

37,483.10 6,000.00 31,483.10

Page Total 75,062.32 10,004,090.51 - - 874,516.03 - 75,062.32 9,129,574.48 Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.

Ord#17-1972 Acquisition of a Warehouse Building

Ord#15-1907 Acquisition of Fire Vehicle and Equip

from Insurance Proceeds

Ord#15-1914 Various Capital Improvements


Ord#17-1961 Amboy Ave.-Parking Deck Feasibility




Ord#15-1894 Tax Appeals-2015

Ord#15-1895 Acquisition of Vehicle & Equipment

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND)

Sheet 35

IMPROVEMENTSSpecify each authorization by purpose. Donot merely designate by a code number.

Balance - January 1, 2020 Balance - December 31, 2020

Ord#373 Amboy Ave. Revitalization Project

Ord#384 Amboy Ave. Revitalization Project

Ord#391 Various Capital Improvements

Ord#392 Various Capital Improvements

Ord#392 Various Stormwater Mgt Projects


Ord#11-1783 Refunding Bonds-Tax Appeals

Ord#12-1813 Refunding Bonds-Tax Appeals

2020 Other Expended AuthorizationsFunded Unfunded Authorizations Canceled Funded Unfunded

PREVIOUS PAGE TOTALS 75,062.32 10,004,090.51 - - 874,516.03 - 75,062.32 9,129,574.48

5,271,434.23 537,437.71 4,733,996.52

10,786,475.00 4,571,186.25 6,215,288.75

750,000.00 14,250,000.00 1,532,682.46 13,467,317.54

PAGE TOTALS 825,062.32 40,311,999.74 - - 7,515,822.45 - 75,062.32 33,546,177.29 Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.

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

Sheet 35.1






Debit Credit

Balance - January 1, 2020 xxxxxxxxx 14,510.51

Received from 2020 Budget Appropriation * xxxxxxxxx 750,000.00

xxxxxxxxxImprovement Authorizations Canceled

(financed in whole by the Capital Improvement Fund)

List by Improvements - Direct Charges Made for Preliminary Costs: xxxxxxxxx xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

Appropriated to Finance Improvement Authorizations xxxxxxxxx

xxxxxxxxx

Balance - December 31, 2020 764,510.51 xxxxxxxxx

764,510.51 764,510.51

*The full amount of the 2020 budget appropriation should be transferred to this account unless the balance of theappropriation is to be permitted to lapse.

GENERAL CAPITAL FUNDSCHEDULE OF CAPITAL IMPROVEMENT FUND

Sheet 36

xxxxxxxxx

Debit Credit

Balance - January 1, 2020 xxxxxxxxx

Received from 2020 Budget Appropriation * xxxxxxxxx

Received from 2020 Emergency Appropriation * xxxxxxxxx

xxxxxxxxx


xxxxxxxxx

Balance - December 31, 2020 - xxxxxxxxx

- -


Amount of DownAmount Total Down Payment Payment in Budget

Appropriated Obligations Provided by of 2020 or PriorAuthorized Ordinance Years

Total - - - -

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

GENERAL CAPITAL FUNDSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Sheet 37

CAPITAL IMPROVEMENTS AUTHORIZED IN 2020AND DOWN PAYMENTS (N.J.S. 40A:2-11)

Purpose

Debit Credit

Balance - January 1, 2020 xxxxxxxxx 619.99

Premium on Sale of Bonds xxxxxxxxx 744,379.23

Funded Improvement Authorizations Canceled xxxxxxxxx


Appropriated to 2020 Budget Revenue 723,276.86 xxxxxxxxx


744,999.22 744,999.22

GENERAL CAPITAL FUNDSTATEMENT OF CAPITAL SURPLUS

Sheet 38

YEAR - 2020

A.

1. Total Tax Levy for the Year 2020 was $

2. Amount of Item 1 Collected in 2020 (*) $

3. Seventy (70) percent of Item 1 $

(*) Including prepayments and overpayments applied.

B.1. Did any maturities of bonded obligations or notes fall due during the year 2020?

Yes

2. Have payments been made for all bonded obligations or notes due on or beforeDecember 31, 2020?

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 2021 budget for the liquidation of all bondedobligations or notes exceed 25% of the total appropriations for operating purpose in the budget for the yearjust ended?

No

D.1. Cash Deficit 2019 $

2. 4% of 2019 Tax Levy for all purposes:Levy -- $ = $

3. Cash Deficit 2020 $

4. 4% of 2020 Tax Levy for all purposes:Levy -- $ = $

E.

1. State Taxes $ $ $

2. County Taxes $ $ $

3. Amounts due Special Districts

$ $ $

4. Amount due School Districts for School Tax

$ $ $

Sheet 39

2019

9,441,654.00

(0.00)

-

-

-

Answer YES or NO

Answer YES or NO

Unpaid Total2020

Answer YES or NO

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)

9,441,654.00

(0.00)

420,159,747.97

294,111,823.58

418,787,176.21

Note:If no "utility fund" existed on the books of account and if no utility was

owned and operated by the municipality during the year 2020, please observeinstructions of Sheet 2.

UTILITIES ONLY

Sheet 40

Debit Credit

Cash 26,388,316.91

Investments

Due from -

Due from -

Receivables Offset with Reserves:

Consumer Accounts Receivable 803,088.94

Liens Receivable -

Deferred Charges (Sheet 48)

Cash Liabilities:

Appropriation Reserves 7,469,145.04

Encumbrances Payable 740,458.47

Accrued Interest on Bonds and Notes 206,559.58

Due to -Sewer Capital Fund 6,177,845.98

Account Payable 6,880.00

Sewer Rent Overpayments 317,384.18

Reserve for Lien Foreclosure 5,020.64

Subtotal - Cash Liabilities 14,923,293.89 "C"

Reserve for Consumer Accounts and Lien Receivable 803,088.94

Fund Balance 11,465,023.02

Total 27,191,405.85 27,191,405.85

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

POST CLOSINGTRIAL BALANCE - SEWER UTILITY FUND


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

Title of Account


Sheet 41

Operating and Capital Sections(Separately Stated)

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

Debit Credit

CAPITAL SECTION:



CASH 1,048,974.35

DUE FROM SEWER OPERATING FUND 6,177,845.98

DUE FROM CURRENT FUND

FIXED CAPITAL:

COMPLETED 15,690,657.04

AUTHORIZED AND UNCOMPLETED 1,410,302.96

PAGE TOTALS 25,391,914.49 1,064,134.16

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

POST CLOSINGTRIAL BALANCE - SEWER UTILITY FUND (cont'd)


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

Sheet 41a

Operating and Capital Sections(Separately Stated)

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

Title of Account


Debit Credit


BONDS PAYABLE 4,049,793.49

LOANS PAYABLE -


BOND ANTICIPATION NOTES 7,285,000.00


FUNDED 25,668.49

UNFUNDED 444,205.60

CONTRACTS PAYABLE

ENCUMBRANCES 940,428.87

DUE TO SEWER OPERATING

RESERVE FOR AMORTIZATION 3,954,282.35

RESERVE FOR DEFERRED AMORTIZATION 747,750.00

RESERVE FOR DEBT SERVICE

RESERVE FOR CAPITAL IMPROVEMENT PROJECRS 5,336,312.06

DOWN PAYMENTS ON IMPROVEMENTS 400,000.00

CAPITAL IMPROVEMENT FUND 509,500.00


TOTALS 25,391,914.49 25,391,914.49

Operating and Capital Sections

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 CLOSINGTRIAL BALANCE - SEWER UTILITY FUND (cont'd)


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

Title of Account


Sheet 41a.1

Debit Credit

CASH

ASSESSMENT NOTES -

ASSESSMENT SERIAL BONDS -

FUND BALANCE -

TOTALS - -

Sheet 42

IF MORE THAN ONE UTILITYEACH ASSESSMENT SECTION MUST BE SEPARATELY STATED

POST CLOSING TRIAL BALANCE -UTILITY ASSESSMENT TRUST FUNDS


Title of Account


AuditTitle of Liability to which Cash Balance Balanceand Investments are Pledged Dec. 31, 2019 Assessments Operating Disbursements Dec. 31, 2020

and Liens Budget


-

-

-

-

-


-

-

-

-

Other Liabilities -

Trust Surplus -

Less Assets "Unfinanced"* xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx

-

-

-

-


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

RECEIPTS

Sheet 43

Budget Received Excess orin Cash Deficit*

Operating Surplus Anticipated 3,547,820.35 3,547,820.35 - Operating Surplus Anticipated with Consent ofDirector of Local Government -

Sewer Rents 20,382,369.43 20,302,207.43 (80,162.00)

-

-

-

-

Reserve for Debt Service -

Capital Fund Balance

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

-

-

Subtotal 23,930,189.78 23,850,027.78 (80,162.00)

Deficit (General Budget) ** -

23,930,189.78 23,850,027.78 (80,162.00) ** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" mustagree with amounts shown for such items on Sheet 45.

Appropriations: xxxxxxxxx

Adopted Budget 23,930,189.78

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

Emergency

Total Appropriations 23,930,189.78

Add: Overexpenditures (See Footnote)



Paid or Charged 16,461,044.74

Reserved 7,469,145.04

Surplus (General Budget)**


Unexpended Balance Canceled (See Footnote) -

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

Source

SCHEDULE OF SEWER UTILITY BUDGET - 2020

Sheet 44

BUDGET REVENUES

STATEMENT OF BUDGET APPROPRIATIONS

NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2020 Sewer Utility Budget containedeither an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (GeneralBudget)"Section 2 should be filled out in every case.

SECTION 1:

Revenue Realized: xxxxxxxxx

Budget Revenue (Not Including "Deficit (General Budget)") 23,850,027.78

Miscellaneous Revenue Not Anticipated 791,946.83

2019 Appropriation Reserves Canceled in 2020 2,379,968.37

Total Revenue Realized 27,021,942.98

Expenditures: xxxxxxxxx

Appropriations (Not Including "Surplus (General Budget)") xxxxxxxxx


Reserved 7,469,145.04

Expended Without Appropriation

Cash Refund of Prior Year's Revenue

Total Expenditures 23,930,189.78 Less: Deferred Charges Included in

Above "Total Expenditures"

Total Expenditures - As Adjusted 23,930,189.78

Excess 3,091,753.20

Budget Appropriation - Surplus (General Budget)**Balance of Results of 2020 Operation("Excess in Operations" - Sheet 46) 3,091,753.20

Deficit -

Anticipated Revenue - Deficit (General Budget)** - Balance of Results of 2020 Operation("Operating Deficit - to Trial Balance" - Sheet 46) -

SECTION 2:The following Item of '2019 Appropriation Reserves Canceled in 2020' is Due to the Current Fund TO THEEXTENT OF the amount received and Due from the General Budget of 2019 for an Anticipated Deficit in theSewer Utility for 2019

2019 Appropriation Reserves Canceled in 2020 2,379,968.37 Less:

* Excess (Revenue Realized) 2,379,968.37

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

Sheet 45

Anticipated Deficit in 2019 Budget - Amount Received and Due from Current Fund - If none, enter 'None '"

STATEMENT OF 2020 OPERATION

SEWER UTILITY

Remainder =

Remainder =

Debit Credit

Excess in Anticipated Revenues xxxxxxxxx -

Unexpended Balances of Appropriations xxxxxxxxx -

Miscellaneous Revenues Not Anticipated xxxxxxxxx 791,946.83

Unexpended Balances of 2019 Appropriations* xxxxxxxxx 2,379,968.37

Account Payable Cancelled 21,120.54

Deficit in Anticipated Revenues 80,162.00 xxxxxxxxx

SIU Sampling Charge 2018 4,950.00 xxxxxxxxx

Operating Deficit - to Trial Balance xxxxxxxxx -

Excess in Operations - to Operating Surplus 3,107,923.74 xxxxxxxxx

* See restriction in amount on Sheet 45, SECTION 2 3,193,035.74 3,193,035.74

Debit Credit

Balance - January 1, 2020 xxxxxxxxx 11,904,919.63

Excess in Results of 2020 Operations xxxxxxxxx 3,107,923.74

Amount Appropriated in the 2020 Budget - Cash 3,547,820.35 xxxxxxxxxAmount Appropriated in 2020 Budget with Prior WrittenConsent of Director of Local Government Services

Balance - December 31, 2020 11,465,023.02 xxxxxxxxx

15,012,843.37 15,012,843.37

Cash 26,388,316.91

Investments

Interfund Accounts Receivable

Subtotal 26,388,316.91

Deduct Cash Liabilities Marked with "C" on Trial Balance 14,923,293.89

Operating Surplus Cash or (Deficit in Operating Surplus Cash) 11,465,023.02


Operating Deficit #

Total Other Assets -

# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2020 BUDGET. 11,465,023.02 *In the case of a "Deficit in Operating Surplus Cash",

"other Assets" would be also pledged to cash liabilities.

RESULTS OF 2020 OPERATIONS - SEWER UTILITY

Deferred Charges #

Sheet 46

OPERATING SURPLUS - SEWER UTILITY

ANALYSIS OF BALANCE DECEMBER 31, 2020(FROM SEWER UTILITY - TRIAL BALANCE)

xxxxxxxxx

Balance December 31, 2019 $ 228,970.65

Increased by:Rents Levied $ 20,876,063.66

Decreased by:

Collections $ 20,157,921.55

Overpayments applied $ 144,023.82

Transfer to Liens $

Other $

$ 20,301,945.37

Balance December 31, 2020 $ 803,088.94

Balance December 31, 2019 $ 262.06

Increased by:

Transfers from Accounts Receivable $

Penalties and Costs $

Other $

$ -

Decreased by:

Collections $ 262.06

Other $ -

$ 262.06

Balance December 31, 2020 $ -

SCHEDULE OF SEWER UTILITY ACCOUNTS RECEIVABLE

SCHEDULE OF SEWER UTILITY LIENS

Sheet 47


per Audit 2020 Resulting as atReport Budget 2020 Dec. 31, 2020

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

2. $ $ $ $ -

3. $ $ $ $ -

4. $ $ $ $ -

5. $ $ $ $ -

Deficit in Operations $ $ $ $ -

Total Operating $ - $ - $ - $ -

6. $ $ $ $ -

7. $ $ $ $ -

Total Capital $ - $ - $ - $ -


Amount

1. $

2. $

3. $

4. $

5. $



1. $

2. $

3. $

4. $

Sheet 48



DEFERRED CHARGES

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

- MANDATORY CHARGES ONLY -SEWER UTILITY FUND

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

Caused By



-

-

-

-

-

-

-

-

-

-

-

-

-

-

Totals - - - - - -


Sheet 48a

Date

Chief Financial Officer

UTILITY SPECIAL EMERGENCY

Purpose REDUCED IN 2020

Debit


Issued xxxxxxxxx

Paid


-




Issued xxxxxxxxx

Paid 272,043.57

Outstanding - December 31, 2020 4,049,793.49

4,321,837.06

2021 Bond Maturities - Capital Bonds $

2021 Interest on Bonds $ 150,812.95

2021 Interest on Bonds (*Items) $ 150,812.95

Less: Interest Accrued to 12/31/2020 (Trial Balance) $ 42,647.08

Subtotal $ 108,165.87

Add: Interest to be Accrued as of 12/31/2021 $ 39,513.82

Required Appropriation 2021 $


- -

SEWER UTILITY CAPITAL BONDS

INTEREST ON BONDS - SEWER UTILITY BUDGET

147,679.69

278,909.82

xxxxxxxxx

xxxxxxxxx

4,321,837.06

xxxxxxxxx


SEWER UTILITY ASSESSMENT BONDS

2021 DebtServiceCredit

Sheet 49

-

Purpose

4,321,837.06



xxxxxxxxx

Debit


Issued xxxxxxxxx

Paid


-




Issued xxxxxxxxx

Paid


-



2021 Interest on Loans (*Items) $ -

Less: Interest Accrued to 12/31/2020 (Trial Balance) $

Subtotal $ -

Add: Interest to be Accrued as of 12/31/2021 $



- -

SEWER UTILITY ________________ LOAN

INTEREST ON LOANS - SEWER UTILITY BUDGET

-

xxxxxxxxx

SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2021 DEBT SERVICE FOR LOANS

SEWER UTILITY ________________ LOAN

2021 DebtServiceCredit

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

Sheet 49a

-

Purpose

-




Dec. 31, 2020

1. Various Capital Improvements 7,600,000.00 2/13/2015 7,285,000.00 1/13/2021 2.50% 105,000.00 170,489.24 1/13/2021

2. -

3.

4.

5.

6.

7.

8.

9.

TOTAL 7,600,000.00 7,285,000.00 105,000.00 170,489.24

Important: If there is more than one utility in the municipality, identify each note.Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate

of 20% of the original amount issued annually.* See Sheet 33 for clarifications of "Original Date of Issue".All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if itis contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted.** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this column.


Sheet 50

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

2021Title or Purpose of Issue


Dec. 31, 2020

1.

2.

3.

4.

5.

6.

7.

8.

9.

TOTAL 7,600,000.00 7,285,000.00 105,000.00 170,489.24

Important: If there is more than one utility in the municipality, identify each note.Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate 2021 Interest on Notes $ 170,489.24

of 20% of the original amount issued annually. Less: Interest Accrued to 12/31/2020 (Trial Balance) $ 163,912.50 * See Sheet 33 for clarifications of "Original Date of Issue". Subtotal $ 6,576.74 All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it Add: Interest to be Accrued as of 12/31/2021 $ 20,762.17 is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted. Required Appropriation - 2021 $ 27,338.90 ** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this column.


INTEREST ON NOTES - SEWER UTILITY BUDGET

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

Sheet 50

Title or Purpose of Issue 2021


Dec. 31, 2020 **

- - - - 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, 2018 or prior must be appropriated in full in the 2021 Dedicated Utility Assessment Budget or written intent ofpermanent financing submitted.

** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".

DEBT SERVICE SCHEDULE FOR SEWER UTILITY ASSESSMENT NOTES

Sheet 51

Title or Purpose of Issue 2021


Dec. 31, 2020 For Prinicpal For Interest/Fees

Total - - -

SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS SEWER UTILITY

Sheet 51a

Purpose 2021 Budget Requirements

2020 Expended OtherFunded Unfunded Authorizations Funded Unfunded

Various Sewer Improvements 15,870.17 15,870.17

Wastewater Collection System-2005 2,464.00 2,464.00

Improvement to Sewer System-2007 4,591.66 300.00 4,591.66 300.00

Purchase of Vehicles and Equipment-2008 26,370.94 2,800.00 5,294.11 21,076.83 2,800.00

Various Sewer Improvements -2014 504,867.62 82,096.19 422,771.43

PAGE TOTALS 30,962.60 526,301.79 - - 87,390.30 - 25,668.49 444,205.60 Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS SEWER (UTILITY CAPITAL FUND)

Sheet 52



Debit Credit


Received from 2020 Budget Appropriation xxxxxxxxx




xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx


xxxxxxxxx


509,500.00 509,500.00

Debit Credit





xxxxxxxxx


400,000.00 400,000.00


SEWER UTILITY CAPITAL FUNDSCHEDULE OF CAPITAL IMPROVEMENT FUND

Sheet 53

SEWER UTILITY CAPITAL FUNDSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

xxxxxxxxx



- - - -

Debit Credit


Premium on Sale of Bonds xxxxxxxxx


Miscellaneous-Interest Earned on Investment 9,492.74

Appropriated to Finance Improvement Authorization xxxxxxxxx

Appropriation to 2020 Budget Reserve xxxxxxxxx


634,839.47 634,839.47

SEWER UTILITY FUND

SEWER UTILITY CAPITAL FUNDSTATEMENT OF CAPITAL SURPLUS

YEAR 2020

Sheet 54

CAPITAL IMPROVEMENTS AUTHORIZED IN 2020AND DOWN PAYMENTS (N.J.S. 40A:2-11)

Purpose

Debit Credit

Cash 7,648,096.36

Investments

Due from -

Due from -

Receivables Offset with Reserves:

Consumer Accounts Receivable 2,488,378.00

Liens Receivable -

Deferred Charges (Sheet 48)

Cash Liabilities:

Appropriation Reserves 2,246,338.72

Encumbrances Payable 358,304.18

Accrued Interest on Bonds and Notes 189,730.66

Due to -Water Capital Fund 4,181,378.92

Water Rent Overpayments 175,446.61

Reserve for Hydrant Meter Deposits 15,000.00

Subtotal - Cash Liabilities 7,166,199.09 "C"

Reserve for Consumer Accounts and Lien Receivable 2,488,378.00

Fund Balance 481,897.27

Total 10,136,474.36 10,136,474.36



POST CLOSINGTRIAL BALANCE - WATER UTILITY FUND



Title of Account


Sheet 41

Debit Credit

CAPITAL SECTION:



CASH

DUE FROM CURRENT FUND

FIXED CAPITAL:

COMPLETED 10,800,522.19

AUTHORIZED AND UNCOMPLETED 11,178,105.10

PAGE TOTALS 28,978,627.29 7,000,000.00



POST CLOSINGTRIAL BALANCE - WATER UTILITY FUND (cont'd)



Title of Account


Sheet 41a

Debit Credit


BONDS PAYABLE 554,433.21

LOANS PAYABLE -


BOND ANTICIPATION NOTES 8,000,000.00


FUNDED -

UNFUNDED 10,641,937.10

CONTRACTS PAYABLE

ENCUMBRANCES 525,030.50

DUE TO SEWER OPERATING 4,181,378.92

RESERVE FOR AMORTIZATION 6,408,026.13

RESERVE FOR DEFERRED AMORTIZATION 16,167.95

RESERVE FOR DEBT SERVICE

DOWN PAYMENTS ON IMPROVEMENTS -

CAPITAL IMPROVEMENT FUND -


TOTALS 33,160,006.21 33,160,006.21



POST CLOSINGTRIAL BALANCE - WATER UTILITY FUND (cont'd)



Title of Account


Sheet 41a.1

Debit Credit

CASH

ASSESSMENT NOTES -

ASSESSMENT SERIAL BONDS -

FUND BALANCE -

- -

Title of Account


Sheet 42

POST CLOSING TRIAL BALANCE -UTILITY ASSESSMENT TRUST FUNDS

IF MORE THAN ONE UTILITYEACH ASSESSMENT SECTION MUST BE SEPARATELY STATED


AuditTitle of Liability to which Cash Balance Balanceand Investments are Pledged Dec. 31, 2019 Assessments Operating Disbursements Dec. 31, 2020

and Liens Budget


-

-

-

-

-


-

-

-

-

Other Liabilities -

Trust Surplus -

Less Assets "Unfinanced"* xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx xxxxxxxxx

-

-

-

-


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

RECEIPTS

Sheet 43

Budget Received Excess orin Cash Deficit*

Operating Surplus Anticipated - - Operating Surplus Anticipated with Consent ofDirector of Local Government -

Water Rents 11,918,481.00 11,432,506.56 (485,974.44)

-

-

-

-

Reserve for Debt Service -

Capital Fund Balance

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

-

-

Subtotal 11,918,481.00 11,432,506.56 (485,974.44)

Deficit (General Budget) ** -

11,918,481.00 11,432,506.56 (485,974.44) ** Amount in "Received in Cash" column for "Deficit (General Budget)" and amount expended for "Surplus (General Budget)" mustagree with amounts shown for such items on Sheet 45.

Appropriations: xxxxxxxxx

Adopted Budget 11,918,481.00

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

Emergency

Total Appropriations 11,918,481.00

Add: Overexpenditures (See Footnote)




Reserved 2,246,338.72

Surplus (General Budget)**


Unexpended Balance Canceled (See Footnote) 918,746.00

FOOTNOTES: - RE: OVEREXPENDITURES:Every appropriation overexpended in the budget document must be marked with an * and must agree in 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 WATER UTILITY BUDGET - 2020BUDGET REVENUES

Source

STATEMENT OF BUDGET APPROPRIATIONS

Sheet 44

NOTE: Section 1 of this sheet is required to be filled out ONLY IF the 2020 Water Utility Budget containedeither an item of revenue "Deficit (General Budget)" or an item of appropriation "Surplus (GeneralBudget)"Section 2 should be filled out in every case.

SECTION 1:

Revenue Realized: xxxxxxxxx

Budget Revenue (Not Including "Deficit (General Budget)") 11,432,506.56

Miscellaneous Revenue Not Anticipated 49,125.39

2019 Appropriation Reserves Canceled in 2020

Total Revenue Realized 11,481,631.95

Expenditures: xxxxxxxxx

Appropriations (Not Including "Surplus (General Budget)") xxxxxxxxx


Reserved 2,246,338.72

Expended Without Appropriation

Cash Refund of Prior Year's Revenue

Total Expenditures 10,999,735.00 Less: Deferred Charges Included in

Above "Total Expenditures"

Total Expenditures - As Adjusted 10,999,735.00

Excess 481,896.95

Budget Appropriation - Surplus (General Budget)**Balance of Results of 2020 Operation("Excess in Operations" - Sheet 46) 481,896.95

Deficit -

Anticipated Revenue - Deficit (General Budget)** - Balance of Results of 2020 Operation("Operating Deficit - to Trial Balance" - Sheet 46) -

SECTION 2:The following Item of '2019 Appropriation Reserves Canceled in 2020' is Due to the Current Fund TO THEEXTENT OF the amount received and Due from the General Budget of 2019 for an Anticipated Deficit in theWater Utility for 2019

2019 Appropriation Reserves Canceled in 2020Less:

* Excess (Revenue Realized) -

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

Sheet 45

STATEMENT OF 2020 OPERATION

WATER UTILITY

Remainder =

Remainder =

Anticipated Deficit in 2019 Budget - Amount Received and Due from Current Fund - If none, enter 'None '"

Debit Credit

Excess in Anticipated Revenues xxxxxxxxx -

Unexpended Balances of Appropriations xxxxxxxxx 918,746.00

Miscellaneous Revenues Not Anticipated xxxxxxxxx 49,125.39

Unexpended Balances of 2019 Appropriations* xxxxxxxxx -

Deficit in Anticipated Revenues 485,974.44 xxxxxxxxx

xxxxxxxxx

Operating Deficit - to Trial Balance xxxxxxxxx -

Excess in Operations - to Operating Surplus 481,896.95 xxxxxxxxx

* See restriction in amount on Sheet 45, SECTION 2 967,871.39 967,871.39

Debit Credit

Balance - January 1, 2020 xxxxxxxxx 0.32

Excess in Results of 2020 Operations xxxxxxxxx 481,896.95

Amount Appropriated in the 2020 Budget - Cash - xxxxxxxxxAmount Appropriated in 2020 Budget with Prior WrittenConsent of Director of Local Government Services


481,897.27 481,897.27

Cash 7,648,096.36

Investments

Interfund Accounts Receivable

Subtotal 7,648,096.36

Deduct Cash Liabilities Marked with "C" on Trial Balance 7,166,199.09

Operating Surplus Cash or (Deficit in Operating Surplus Cash) 481,897.27


Operating Deficit #

Total Other Assets -

# MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2020 BUDGET. 481,897.27 *In the case of a "Deficit in Operating Surplus Cash",

"other Assets" would be also pledged to cash liabilities.

Sheet 46

RESULTS OF 2020 OPERATIONS - WATER UTILITY

OPERATING SURPLUS - WATER UTILITY

ANALYSIS OF BALANCE DECEMBER 31, 2020(FROM WATER UTILITY - TRIAL BALANCE)

Deferred Charges #

xxxxxxxxx


Increased by:Rents Levied $ 13,920,884.56

Decreased by:

Collections $ 11,318,924.66

Overpayments applied $ 113,581.90

Transfer to Liens $

Other $

$ 11,432,506.56

Balance December 31, 2020 $ 2,488,378.00

Balance December 31, 2019 $

Increased by:

Transfers from Accounts Receivable $

Penalties and Costs $

Other $

$ -

Decreased by:

Collections $

Other $

$ -


SCHEDULE OF WATER UTILITY ACCOUNTS RECEIVABLE

SCHEDULE OF WATER UTILITY LIENS

Sheet 47


per Audit 2020 Resulting as atReport Budget 2020 Dec. 31, 2020

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

2. $ $ $ $ -

3. $ $ $ $ -

4. $ $ $ $ -

5. $ $ $ $ -

Deficit in Operations $ $ $ $ -

Total Operating $ - $ - $ - $ -

6. $ $ $ $ -

7. $ $ $ $ -

Total Capital $ - $ - $ - $ -


Amount

1. $

2. $

3. $

4. $

5. $



1. $

2. $

3. $

4. $

EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN

DEFERRED CHARGES- MANDATORY CHARGES ONLY -WATER UTILITY FUND

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

Caused By

Sheet 48

FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51

Date Purpose





-

-

-

-

-

-

-

-

-

-

-

-

-

-

Totals - - - - - -


Sheet 48a

UTILITY SPECIAL EMERGENCY

Date Purpose REDUCED IN 2020

Chief Financial Officer

Debit


Issued xxxxxxxxx

Paid


-




Issued xxxxxxxxx

Paid 62,935.66


617,368.87

2021 Bond Maturities - Capital Bonds $

2021 Interest on Bonds $ 23,353.52

2021 Interest on Bonds (*Items) $ 23,353.52

Less: Interest Accrued to 12/31/2020 (Trial Balance) $ 9,730.66

Subtotal $ 13,622.86

Add: Interest to be Accrued as of 12/31/2021 $ 8,656.76



-


WATER UTILITY ASSESSMENT BONDS

Credit 2021 DebtService

xxxxxxxxx

xxxxxxxxx

-


WATER UTILITY CAPITAL BONDS

617,368.87

xxxxxxxxx

xxxxxxxxx

617,368.87

64,434.13

INTEREST ON BONDS - WATER UTILITY BUDGET

22,279.62

Sheet 49

Purpose Amount Issued Date of Issue

-

Debit


Issued xxxxxxxxx

Paid


-




Issued xxxxxxxxx

Paid


-



2021 Interest on Loans (*Items) $ -

Less: Interest Accrued to 12/31/2020 (Trial Balance) $

Subtotal $ -

Add: Interest to be Accrued as of 12/31/2021 $



-

SCHEDULE OF LOANS ISSUED AND OUTSTANDINGAND 2021 DEBT SERVICE FOR LOANS

WATER UTILITY ________________ LOAN

Credit 2021 DebtService

xxxxxxxxx

xxxxxxxxx

-


WATER UTILITY ________________ LOAN

xxxxxxxxx

xxxxxxxxx

-

INTEREST ON LOANS - WATER UTILITY BUDGET

-

Sheet 49a

Purpose Amount Issued Date of Issue

-


Dec. 31, 2020

1. Acquisition of a Water Utility System 8,000,000.00 2/6/2020 8,000,000.00 1/13/2021 2.50% 187,222.22 1/13/2021

2. -

3.

4.

5.

6.

7.

8.

9.

TOTAL 8,000,000.00 8,000,000.00 - 187,222.22

Important: If there is more than one utility in the municipality, identify each note.Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate

of 20% of the original amount issued annually.* See Sheet 33 for clarifications of "Original Date of Issue".All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if itis contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted.** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this column.


Sheet 50

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



Dec. 31, 2020

1.

2.

3.

4.

5.

6.

7.

8.

9.

TOTAL 8,000,000.00 8,000,000.00 - 187,222.22

Important: If there is more than one utility in the municipality, identify each note.Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate 2021 Interest on Notes $ 187,222.22

of 20% of the original amount issued annually. Less: Interest Accrued to 12/31/2020 (Trial Balance) $ 180,000.00 * See Sheet 33 for clarifications of "Original Date of Issue". Subtotal $ 7,222.22 All notes with an original date of issue of 2018 or prior require one legally payable installment to be budgeted if it Add: Interest to be Accrued as of 12/31/2021 $ 23,133.33 is contemplated that such notes will be renewed in 2021 or written intent of permanent financing submitted. Required Appropriation - 2021 $ 30,355.56 ** If interest on note is financed by ordinance, designate same, otherwise an amount must be included in this column.


Sheet 50

INTEREST ON NOTES - WATER UTILITY BUDGET

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



Dec. 31, 2020 **

- - - - 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, 2018 or prior must be appropriated in full in the 2021 Dedicated Utility Assessment Budget or written intent ofpermanent financing submitted.

** Interest on Utility Assessment Notes must be included in the Utility Fund Budget appropriation "Interest on Notes".

Sheet 51

DEBT SERVICE SCHEDULE FOR WATER UTILITY ASSESSMENT NOTES



Dec. 31, 2020 For Prinicpal For Interest/Fees

Total - - -

Sheet 51a

SCHEDULE OF CAPITAL LEASE PROGRAM OBLIGATIONS WATER UTILITY

2021 Budget RequirementsPurpose

2020 Expended OtherFunded Unfunded Authorizations Funded Unfunded

Ord#2055-2019 Acquisition of Water Utility Sys 14,025,665.20 3,383,728.10 10,641,937.10

Total 70000- - 14,025,665.20 - - 3,383,728.10 - - 10,641,937.10 Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization.

not merely designate by a code number.

Sheet 52

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS WATER (UTILITY CAPITAL FUND)

Balance - January 1, 2020 Balance - December 31, 2020IMPROVEMENTSSpecify each authorization by purpose. Do

Debit Credit


Received from 2020 Budget Appropriation xxxxxxxxx




xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx

xxxxxxxxx


xxxxxxxxx


- -

Debit Credit





xxxxxxxxx


- -


WATER UTILITY CAPITAL FUNDSCHEDULE OF CAPITAL IMPROVEMENT FUND

WATER UTILITY CAPITAL FUNDSCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS

Sheet 53

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Debit Credit


Premium on Sale of Bonds xxxxxxxxx


Miscellaneous

Appropriated to Finance Improvement Authorization xxxxxxxxx

Appropriation to 2020 Budget Reserve xxxxxxxxx


14,411.32 14,411.32

YEAR 2020

Sheet 54

WATER UTILITY CAPITAL FUNDCAPITAL IMPROVEMENTS AUTHORIZED IN 2020

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

Purpose

WATER UTILITY FUNDSTATEMENT OF CAPITAL SURPLUS

Documents

ANNUAL FINANCIAL STATEMENT FOR THE YEAR 2020 …