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TOWNSHIP OF JACKSON
AUDIT REPORT FOR THE YEAR
ENDED DECEMBER 31, 2014
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## TOWNSHIP OF JACKSON COUNTY OF OCEAN
## TABLE OF CONTENTS
## PART I
## EXHIBIT PAGE
PART I
Independent Auditor's Report
1
Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards
Financial Statements – Regulatory Basis:
Current Fund:
Comparative Statements of Assets, Liabilities, Reserves & Fund Balance – Regulatory Basis A-1 9
Comparative Statement of Operations and Changes in Fund Balance – Regulatory Basis A-2 11
Statement of Revenues – Regulatory Basis A-2 12
Statement of Expenditures – Regulatory Basis A-3 15
Trust Fund:
Comparative Statements of Assets, Liabilities, Reserves & Fund Balance – Regulatory Basis B 25
General Capital Fund:
Comparative Statements of Assets, Liabilities, Reserves & Fund Balance – Regulatory Basis C 27
Public Assistance Fund
Comparative Statements of Assets, Liabilities, Reserves & Fund Balance – Regulatory Basis D 28
General Fixed Assets Account Group:
Comparative Statement of Fixed Assets & Fund Balance – Regulatory Basis E 29
Payroll Fund:
Comparative Statement of Assets & Liabilities – Regulatory Basis F 30
Notes to Financial Statements
Supplemental Exhibits:
Current Fund:
Schedule of Cash & Cash Equivalents A-4 57
Schedule of Change Funds A-5 58
Schedule of Taxes Receivable & Analysis of Property Tax Levy A-6 59
Schedule of Tax Title Liens A-7 60
Schedule of Property Acquired for Taxes A-8 60
Schedule of Revenue Accounts Receivable A-9 61
Schedule of 2013 Appropriations Reserves A-10 62
Schedule of Accounts Payable A-11 67
Schedule of Reserve for Encumbrances A-12 67
Schedule of Prepaid Taxes A-13 68
Schedule of Tax Overpayments A-14 68
Schedule of County Taxes Payable A-15 69
Schedule of Local School District Tax Payable A-16 69
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## TOWNSHIP OF JACKSON COUNTY OF OCEAN
## TABLE OF CONTENTS
EXHIBIT PAGE
Current Fund (continued):
Schedule of Special District Taxes Payable A-17 70
Schedule of Due to State of New Jersey – Construction Fees A-18 70
Schedule of Due to State of New Jersey – Marriage Licenses A-19 70
Schedule of Reserve for Revaluation Program A-20 71
Schedule of Due to Municipal Open Space Trust Fund A-21 71
Schedule of Reserve for Garden State Trust Fund A-22 71
Schedule of Reserve for State Board of Taxation Appeals A-23 72
Schedule of Reserve for Master Plan A-24 72
Schedule of Reserve for Skate Park A-25 72
Schedule of Reserve for COAH State Plan A-26 73
Schedule of Reserve for FEMA Reimbursement A-27 73
Schedule of Reserve for Hurricane Sandy A-28 73
Schedule of Reserve for Scibal Reimbursement - Hurricane Sandy - DPW A-29 74
Schedule of Reserve for Scibal Reimbursement - Hurricane Sandy - Police A-30 74
Schedule of Reserve for Police Cars A-31 74
Schedule of Interfunds – Other Funds A-32 75
Schedule of Deferred Charges A-33 76
Schedule of Federal & State Grant Fund Due from Current A-34 77
Schedule of State & Federal Grants Receivable A-35 78
Schedule of State & Federal Grants Appropriated A-36 79
Schedule of State & Federal Grants Unappropriated A-37 81
Schedule of Reserve for Encumbrances A-38 81
Trust Fund:
Schedule of Cash - Treasurer B-1 85
Schedule of Due to State of New Jersey – Animal Control B-2 86
Schedule of Reserve for Animal Control Expenditures B-3 86
Schedule of Interfund – Current Fund B-4 87
Schedule of Due from County of Ocean – Community Development Block Grant B-5 87
Schedule of Reserve for Community Development Block Grant B-6 88
Schedule of Various Reserves B-7 89
Schedule of Reserve for Open Space B-8 90
Schedule of Funds Held by Trustee - LOSAP B-9 91
Schedule of Reserve for Length of Service Award Program B-10 91
General Capital Fund:
Schedule of Fund Balance C-1 95
Schedule of Cash & Cash Equivalents C-2 95
Analysis of Cash & Cash Investments C-3 96
Schedule of Due from State of New Jersey Department Of Transportation C-4 97
Schedule of Due from State of New Jersey Department of Environmental Protection C-5 97
Schedule of Due from Current Fund C-6 98
Schedule of Due from MUA Shared Services Agreement C-7 98
Schedule of Deferred Charges to Future Taxation – Funded C-8 98
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## TOWNSHIP OF JACKSON COUNTY OF OCEAN
## TABLE OF CONTENTS
General Capital Fund (continued):
Schedule of Deferred Charges to Future Taxation – Unfunded C-9 99
Schedule of General Serial Bonds C-10 100
Schedule of Improvement Authorizations C-11 102
Schedule of Reserve for Encumbrances C-12 104
Statement of Capital Improvement Fund C-13 104
Statement of Reserve for Debt Service – Open Space C-14 105
Statement of Reserve for Debt Service – Other C-15 105
Statement of Reserve for Fire Damage – Annex Building C-16 105
Schedule of Bond Anticipation Notes C-17 106
Statement of Bonds & Notes Authorized but not Issued C-18 107
Schedule of Investment in Bond Anticipation Notes C-19 108
Public Assistance Fund:
Schedule of Cash D-1 111
Schedule of Reserve for Public Assistance D-2 111
General Fixed Assets Fund:
Schedule of Investment in Fixed Assets E-1 115
Single Audit Section:
Independent Auditor's Report on Compliance for Each Major Program and on Internal Control Over Compliance Required by OMB Circular A-133 and Circular 04-04 119
Schedule of Expenditures of Federal Awards 123
Schedule of Expenditures of State Financial Assistance 124
Notes to Schedules of Federal Awards 125
Schedule of Findings & Questioned Costs 126
## PART II
Comments and Recommendations:
Scope of Audit 133
General Comments Findings 133
Officials in Office 136
Acknowledgment 137
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TOWNSHIP OF JACKSON
COUNTY OF OCEAN
PART I
# INDEPENDENT AUDITOR'S REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014
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(THIS PAGE INTENTIONALLY LEFT BLANK)
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## INDEPENDENT AUDITOR'S REPORT
The Honorable Mayor and Members
of the Township Council
Township of Jackson
County of Ocean
Jackson, New Jersey 08527
## Report on the Financial Statements
We have audited the accompanying comparative statements of assets, liabilities, reserves and fund balance--regulatory basis of the various funds and account group of the Township of Jackson, County of Ocean, State of New Jersey as of December 31, 2014 and 2013 and the related comparative statement of operations and changes in fund balance--regulatory basis for the years then ended, the related statement of revenues--regulatory basis, statement of expenditures--regulatory basis, and the related notes to the financial statements for the year ended December 31, 2014.
## Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles and practices prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
## Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and in compliance with audit requirements prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Township's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Township's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
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We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
#### Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles
As discussed in Note 1 to the financial statements, the Township of Jackson prepares its financial statements using accounting practices that demonstrate compliance with regulatory basis of accounting and budget laws of the Division of Local Government Services, Department of Community Affairs, State of New Jersey, which is a basis of accounting other than accounting principles generally accepted in the United States of America, to meet the requirements of the State of New Jersey.
The effects on the financial statements of the variances between these regulatory basis of accounting described in Note 1 and accounting principles generally accepted in the United States of America, although not reasonably determinable, are presumed to be material.
#### Adverse Opinion on U.S. Generally Accepted Accounting Principles
In our opinion, because of the significance of the matter discussed in the “Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles” paragraph, the financial statements referred to above do not present fairly, in accordance with accounting principles generally accepted in the United States of America, the financial position of the Township of Jackson, County of Ocean, State of New Jersey, as of December 31, 2014 and 2013, or the results of its operations and changes in fund balance for the years then ended.
## Basis for Qualified Opinion on Regulatory Basis of Accounting
As discussed in Note 1, the financial statements of the Length of Service Award Program Fund ("LOSAP") Trust Fund have not been audited, and we were not required by the Division of Local Government Services, Department of Community Affairs, State of New Jersey, to audit nor were we engaged to audit the LOSAP Trust Fund financial statements as part of our audit of the Township's financial statements as of and for the years ended December 31, 2014 and 2013. The LOSAP Trust Fund financial activities are included in the Township's Trust Fund, and represent .87% and .73% of the assets and liabilities, respectively, of the Township's Trust Funds as of December 31, 2014 and 2013.
## Qualified Opinion on Regulatory Basis of Accounting
In our opinion, except for the effects of such adjustments, if any, as might have been determined to be necessary had the LOSAP Trust Fund financial statements been audited as described in the “Basis for Qualified Opinion on Regulatory Basis of Accounting” paragraph, the financial statements referred to above present fairly, in all material respects, the assets, liabilities, reserves and fund balance--regulatory basis of the various funds and account group of the Township of Jackson, County of Ocean, State of New Jersey, as of December 31, 2014 and 2013, and the results of its operations and changes in fund balance--regulatory basis of such funds for the years then ended, and the related statement of revenues--regulatory basis, statement of expenditures--regulatory basis of the various funds, and the related notes to financial statements, for the year ended December 31, 2014 in conformity with accounting principles and practices prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey as described in Note 1.
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## Other Matters
## Report on Supplementary Information
Our audit was made for the purpose of forming an opinion on the financial statements referred to in the first paragraph as a whole. The supplemental financial statements presented for the various funds are presented for purposes of additional analysis as required by the Division of Local Government Services, Department of Community Affairs, State of New Jersey and is not a required part of the above financial statements. The accompanying schedule of expenditures of federal awards and state financial assistance are presented for purposes of additional analysis as required by the U.S. Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations and New Jersey OMB's Circular 04-04, Single Audit Policy for Recipients of Federal Grant, State Grants and State Aid respectively, and is also not a required part of the above financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. Such information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements of each of the respective individual funds and account group taken as a whole.
## Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated April 7, 2015, on our consideration of the Township of Jackson's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the Township of Jackson's internal control over financial reporting and compliance.
HOLMAN FRENIA ALLISON, P. C.
| REFERENCE | 2014 | 2013 |
| ASSETS |
| Regular Fund: |
| Cash -Treasurer | A-4 | $ 10,665,503 | $ 9,986,194 |
| Cash - Change Fund | A | 1,135 | 1,135 |
| Due from State of New Jersey: | | | |
| Senior Citizen & Veteran Deductions | A-5 | 11,697 | 19,694 |
| Total Regular Fund | | 10,678,335 | 10,007,023 |
| Receivables & Other Assets With Full Reserves: |
| Delinquent Property Taxes Receivable | A-6 | 1,909,409 | 1,876,075 |
| Tax Title Liens Receivable | A-7 | 2,335,043 | 2,055,182 |
| Property Acquired for Taxes at Assessed Valuation | A-8 | 6,306,200 | 6,318,700 |
| Revenue Accounts Receivable | A-9 | 20,801 | 30,432 |
| Interfunds Receivable | A-32 | - | 35,342 |
| Total Receivables & Other Assets With Full Reserves | | 10,571,453 | 10,315,731 |
| Deferred Charges: |
| Special Emergency 40A:4-53 | A-33 | 910,765 | 1,536,078 |
| Overexpenditure of Appropriation Reserves | A-33 | - | 10,064 |
| Total Deferred Charges | | 910,765 | 1,546,142 |
| Total Regular Fund, Receivables & Other Assets With Full Reserves | | 22,160,553 | 21,868,896 |
| State & Federal Grants: |
| Grants Receivable | A-35 | 575,824 | 67,109 |
| Due from Current Fund | A-34 | 443,316 | 380,368 |
| Total State & Federal Grants | | 1,019,140 | 447,477 |
| Total Assets | | $ 23,179,693 | $ 22,316,373 |
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# TOWNSHIP OF JACKSON CURRENT FUND COMPARATIVE STATEMENT OF ASSETS, LIABILITIES, RESERVES AND FUND BALANCE - REGULATORY BASIS DECEMBER 31, 2014 AND 2013
LIABILITIES RESERVES & FUND BALANCE
| Liabilities: | | | |
| Appropriation Reserves | A-3,A-10 | $ 1,528,256 | $ 1,248,825 |
| Reserves for Encumbrances | A-12 | 1,219,991 | 933,654 |
| Accounts Payable | A-11 | 298,210 | 404,530 |
| Special Emergency Note Payable | A | 902,713 | 1,524,000 |
| Prepaid Taxes | A-13 | 557,812 | 627,663 |
| Tax Overpayments | A-14 | 36,476 | 28,997 |
| County Taxes Payable | A-15 | 102,835 | 68,550 |
| Due State of New Jersey - Construction Fees | A-18 | 23,767 | 14,176 |
| Due State of New Jersey - Marriage License Fees | A-19 | 1,525 | 1,325 |
| Reserve for Revaluation Program | A-20 | 5,743 | 5,743 |
| Reserve for Garden State Trust Fund | A-22 | 1 | 1 |
| Reserve for State Board of Taxation Appeals | A-23 | 313,783 | 313,783 |
| Reserve for Master Plan | A-24 | 25,223 | 26,577 |
| Reserve for Skate Park | A-25 | 2,118 | 2,118 |
| Reserve for COAH State Plan | A-26 | 915,250 | 915,250 |
| Reserve for FEMA Reimbursements | A-27 | 991,543 | 584,765 |
| Reserve for Hurricane Sandy | A-28 | 53,663 | 1,105,528 |
| Reserve for SCIBAL Reimbursements - | | | |
| Hurricane Sandy - DPW | A-29 | 25,235 | 26,462 |
| Reserve for SCIBAL Reimbursements - | | | |
| Hurricane Sandy - Police | A-30 | 30,249 | 30,249 |
| Reserve for Police Cars | A-31 | 118,078 | 56,910 |
| Reserve Other | A | 2,118 | - |
| Interfund Payable | A-32 | 447,460 | 760,992 |
| Total Liabilities | | 7,602,049 | 8,680,098 |
| Reserve for Receivables & Other Assets | A | 10,571,453 | 10,315,731 |
| Fund Balance | A-1 | 3,987,051 | 2,873,067 |
| Total Regular Funds | | 22,160,553 | 21,868,896 |
| Federal & State Grants: | | | |
| Appropriated Reserves | A-36 | 795,817 | 364,682 |
| Unappropriated Reserves | A-37 | 119,791 | 81,369 |
| Reserves for Encumbrances | A-38 | 103,532 | 1,426 |
| Total State & Federal Grants | | 1,019,140 | 447,477 |
| Total Liabilities, Reserves & Fund Balance | | $ 23,179,693 | $ 22,316,373 |
The Accompanying Notes to the Financial Statements are an integral part of this Statement.
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## TOWNSHIP OF JACKSON CURRENT FUND COMPARATIVE STATEMENT OF OPERATIONS AND CHANGES IN FUND BALANCE FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013
| | 2014 | 2013 |
| Revenue & Other Income Realized: | | | |
| Fund Balance Utilized | A-2 | $ 2,200,000 | $ 2,200,000 |
| Miscellaneous Revenue Anticipated | A-2 | 8,111,471 | 6,237,879 |
| Receipts From Delinquent Taxes | A-2 | 1,661,107 | 1,592,420 |
| Receipts From Current Taxes | A-2 | 143,352,212 | 139,207,257 |
| Nonbudget Revenue | A-2 | 521,226 | 573,276 |
| Other Credits to Income: | | | |
| Unexpended Balance of Appropriation Reserves | A-10 | 996,491 | 1,436,603 |
| Cancelled Accounts Payable | A-11 | 244,868 | 14,684 |
| Prior Year Interfunds Liquidated | A-1 | 34,627 | 32,225 |
| Cancellation of Grant Appropriation Reserves | A-32 | 31,430 | 27,664 |
| Total Revenue & Other Income Realized | | 157,153,432 | 151,322,008 |
| Expenditures: | | | |
| Operations Within "CAPS": | | | |
| Salaries and Wages | A-3 | 17,116,222 | 16,617,410 |
| Other Expenses | A-3 | 11,193,589 | 10,893,161 |
| Deferred Charges & Statutory Expenditures Within "CAPS" | A-3 | 4,012,914 | 4,240,936 |
| Operations Excluded from "CAPS": | | | |
| Salaries and Wages | A-3 | 173,862 | 170,698 |
| Other Expenses | A-3 | 1,415,735 | 341,812 |
| Capital Improvements - Excluded from "CAPS": | A-3 | 100,000 | 50,000 |
| Municipal Debt Service Excluded From "CAPS" | A-3 | 3,658,594 | 3,689,309 |
| Deferred Charges - Municipal - Excluded From "CAPS" | A-3 | 625,313 | 385,026 |
| Judgements | A-3 | 225,000 | 106,500 |
| Local District School Taxes | A-16 | 81,958,272 | 79,451,953 |
| Fire District Taxes | A-17 | 5,614,930 | 5,515,270 |
| County Taxes | A-15 | 26,271,391 | 25,907,822 |
| Amount Due County for Added & Omitted Taxes | A-15 | 102,835 | 68,550 |
| Municipal Open Space Taxes | A-21 | 1,334,794 | 1,336,209 |
| Prior Year Senior Citizen Deductions Disallowed | A-5 | 9,071 | 1,500 |
| Cancellation of Grant Receivable | A-32 | 26,926 | 22,696 |
| Total Expenditures | | 153,839,448 | 148,798,852 |
| Excess in Revenue | | 3,313,984 | 2,523,156 |
| Expenditures Included Above which are by Statute | | | |
| Deferred Charges to budgets of Succeeding Years | A-1 | - | - |
| Statutory Excess to Fund Balance | | 3,313,984 | 2,523,156 |
| Fund Balance January 1 | A | 2,873,067 | 2,549,911 |
| Total | | 6,187,051 | 5,073,067 |
| Decreased by: Utilized as Revenue | A-2 | 2,200,000 | 2,200,000 |
| Balance December 31 | A | $ 3,987,051 | $ 2,873,067 |
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TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF REVENUES FOR THE YEAR ENDED DECEMBER 31, 2014
| ANTICIPATED BUDGET | ADDED PER N.J.S.40A:4-87 | REALIZED | EXCESS OR (DEFICIT) |
| Fund Balance Anticipated | $ 2,200,000 | $ - | $ 2,200,000 | $ - |
| Miscellaneous Revenue: | | | | |
| Licenses: | | | | |
| Alcoholic Beverages | 39,000 | - | 39,050 | 50 |
| Other | 35,000 | - | 34,706 | (294) |
| Fees & Permits | 150,000 | - | 176,863 | 26,863 |
| Fines & Costs: | | | | |
| Municipal Court | 450,000 | - | 527,184 | 77,184 |
| Interest & Cost on Taxes | 360,000 | - | 414,462 | 54,462 |
| Interest on Investments & Deposits | 20,000 | - | 31,729 | 11,729 |
| Housing & Commercial CCO's | 100,000 | - | 116,400 | 16,400 |
| Consolidated Municipal Property Tax Relief Aid | 152,963 | - | 135,931 | (17,032) |
| Energy Receipts Taxes | 3,199,186 | - | 3,216,218 | 17,032 |
| Garden State Trust | 56,290 | - | 56,290 | - |
| Uniform Construction Code Fees | 1,015,000 | - | 1,098,204 | 83,204 |
| Shared Service Agreement-BOE | 76,500 | - | 76,500 | - |
| Clean Communities Program | - | 94,305 | 94,305 | - |
| Green Communities | - | 3,000 | 3,000 | - |
| Recycling Tonnage Grant | 59,029 | - | 59,029 | - |
| Municipal Alliance on Alcoholism & Drug Abuse | 13,270 | 35,374 | 48,644 | - |
| Safe & Secure Communities Program | - | 28,805 | 28,805 | - |
| Body Armor Replacement Grant-State | 9,405 | - | 9,405 | - |
| Cops in Shops/College Fall Initiative | 2,800 | - | 2,800 | - |
| Alcohol Education and Rehabilitation Fund | 2,428 | - | 2,428 | - |
| Drunk Driving Enforcement Fund | 10,507 | - | 10,507 | - |
| Drive Sober or Get Pulled Over | - | 7,500 | 7,500 | - |
| Click It or Ticket | 4,000 | 2,400 | 6,400 | - |
| Emergency Management | - | 13,600 | 13,600 | - |
| Handicapped Recreation Opportunities Grant | - | 15,000 | 15,000 | - |
| NJ DOT Local Aid Infrastructure Program-Sidewalks | 300,000 | - | 300,000 | - |
| NJDOT Municipal Aid Program- Wright DeBow Road | 328,967 | - | 328,967 | - |
| NJDOT Municipal Aid Program- Brewers Bridge Road | 325,000 | - | 325,000 | - |
| Ocean County Office of Senior Services Information Assistance | 17,700 | - | 17,700 | - |
| Ocean County Office of Senior Services Information Assistance - Donation | 10 | - | 10 | - |
| Ocean County Cultural & Heritage Commission | | | | |
| Special Project Grant (Concerts) | 1,200 | - | 1,200 | - |
| Cablevision Franchise Fee | 228,047 | - | 232,347 | 4,300 |
| Capital Fund Balance | 60,000 | - | 60,000 | - |
| Reserve-FEMA Reimbursements | 621,287 | - | 621,287 | - |
| Total | 7,637,589 | 199,984 | 8,111,471 | 273,898 |
| Receipts from Delinquent Taxes | 1,400,000 | - | 1,661,107 | 261,107 |
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# TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF REVENUES FOR THE YEAR ENDED DECEMBER 31, 2014
| ANTICIPATED BUDGET | ADDED PER N.J.S.40A:4-87 | REALIZED | EXCESS OR (DEFICIT) |
| Amount to be Raised by Support of Municipal Budget: | | | | |
| Local Tax for Municipal Purposes Including Reserve for Uncollected Taxes | 29,785,262 | - | 30,771,597 | 986,335 |
| Budget Totals | 41,022,851 | 199,984 | 42,744,175 | |
| Nonbudget Revenues | - | - | 521,226 | 521,226 |
| Total | $ 41,022,851 | $ 199,984 | $ 43,265,401 | $ 2,042,566 |
ANALYSIS OF REALIZED REVENUES
| Allocation of Current Tax Collections: | | |
| Revenue From Collections | $ | 143,352,212 |
| Net Revenue From Collections | 143,352,212 |
| Allocated to School, County, Municipal Open Space & Special Districts | 115,282,222 |
| Balance for Support of Municipal Budget Appropriations | 28,069,990 |
| Increased by Appropriation for Uncollected Taxes | 2,701,607 |
| Amount for Support of Municipal Budget Appropriations | $ | 30,771,597 |
| Receipts from Delinquent Taxes: | | |
| Delinquent Tax Collections | $ | 1,648,613 |
| Tax Title Lien Collections | 12,494 |
| Total | $ | 1,661,107 |
| Construction Code Official: | | |
| Construction Code Official: | | |
| Plumbing Fees & Permits | $ | 409,343 |
| Electrical Fees & Permits | 215,862 |
| Building Inspector Fees & Permits | 278,470 |
| Fire Inspection Fees & Permits | 113,799 |
| TCO, CCO & COMM | 35,832 |
| Building Fines & Penalties | 28,955 |
| Misc Other | 15,793 |
| Total Construction Code Official | $ | 1,098,054 |
| Other Fees & Permits: | | |
| Public Works | $ | 42,090 |
| Forester | 4,020 |
| Police Department | 10,155 |
| Zoning Board | 42,485 |
| Planning Board | 52,414 |
| Vital Statistics | 25,628 |
| Total Other Fees & Permits | $ | 176,792 |
The Accompanying Notes to the Financial Statements are an integral part of this Statement.
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## TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF REVENUES FOR THE YEAR ENDED DECEMBER 31, 2014
| Miscellaneous Revenue Not Anticipated: | | |
| Tower Rental | $ | 94,496 |
| Gas & Fuel Reimbursements | | 46,937 |
| Municipal Clerk - Miscellaneous | | 9,958 |
| Restitution | | 3,216 |
| Administration Fees | | 334 |
| Library Water | | 2,500 |
| Tax Collector Fees | | 102,232 |
| Outside Employment Surcharge | | 118,570 |
| Police Alarm Fines | | 13,675 |
| Hope Chapel Sale | | 16,800 |
| Planning & Zoning Surcharge | | 403 |
| Motor Vehicle Inspection Fines | | 3,565 |
| Non Sufficient Funds | | 300 |
| Vending Machines | | 463 |
| Court Overpayments | | 14 |
| Bid Fees | | 731 |
| Ocean County Rent of Polling Places | | 1,000 |
| Shared Services | | 6,839 |
| Auction Proceeds | | 27,175 |
| Resolution Fees | | 4,800 |
| Subdivision Fees | | 6,967 |
| JIF Dividend | | 452 |
| Administrative Fee - Senior Citizen's & Veteran's | | 10,390 |
| Telephone Revenue | | 30,008 |
| Cost Share Reimbursement | | 13,639 |
| Miscellaneous | | 5,762 |
| Total Miscellaneous Revenue Not Anticipated | $ | 521,226 |
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TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| APPROPRIATIONS | EXPENDED |
| BUDGET | BUDGET AFTER MODIFICATION | PAID OR CHARGED | ENCUMBERSERED | RESERVED |
| OPERATIONS - Within "CAPS" | | | | | |
| General Government: | | | | | |
| Administrative Executive: | | | | | |
| Salaries and Wages | $181,918 | $184,770 | $151,000 | $5,397 | $28,373 |
| Other Expenses | 70,170 | 70,170 | 30,494 | 1,185 | 38,491 |
| Township Council: | | | | | |
| Salaries and Wages | 44,340 | 44,340 | 44,340 | - | - |
| Other Expenses | 850 | 850 | 305 | - | 545 |
| Mayor: | | | | | |
| Salaries and Wages | 14,750 | 14,750 | - | - | 14,750 |
| Other Expenses | 15,200 | 15,200 | 12,207 | 171 | 2,822 |
| Human Services: | | | | | |
| Salaries and Wages | 118,184 | 123,767 | 118,939 | 3,539 | 1,289 |
| Other Expenses | 8,585 | 8,585 | 6,345 | 317 | 1,923 |
| Municipal Clerk: | | | | | |
| Salaries and Wages | 233,365 | 246,430 | 228,871 | 8,758 | 8,801 |
| Other Expenses | 32,140 | 32,140 | 19,070 | 2,105 | 10,965 |
| Election: | | | | | |
| Salaries and Wages | 6,000 | 6,000 | 2,924 | - | 3,076 |
| Other Expenses | 5,500 | 5,500 | 5,266 | - | 234 |
| Financial Administration: | | | | | |
| Salaries and Wages | 320,932 | 334,985 | 299,635 | 11,559 | 23,791 |
| Other Expenses | 39,175 | 39,175 | 14,194 | 12,977 | 12,004 |
| Audit Services: | | | | | |
| Other Expenses | 42,000 | 42,000 | - | 42,000 | - |
| Data Processing: | | | | | |
| Salaries and Wages | 62,238 | 69,071 | 65,203 | 2,336 | 1,532 |
| Other Expenses | 19,500 | 19,500 | 12,405 | 7,056 | 39 |
| Collection of Taxes: | | | | | |
| Salaries and Wages | 278,083 | 285,988 | 274,369 | 10,704 | 915 |
| Other Expenses | 32,850 | 32,850 | 14,957 | 10,543 | 7,350 |
| Assessment of Taxes: | | | | | |
| Salaries and Wages | 318,599 | 318,599 | 288,819 | 11,217 | 18,563 |
The Accompanying Notes to the Financial Statements are an integral part of this Statement.
===== PAGE 24 =====
TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| APPROPRIATIONS | EXPENDED |
| BUDGET | BUDGET AFTER MODIFICATION | PAID OR CHARGED | ENCUMBERS | RESERVED |
| Other Expenses | 16,025 | 16,025 | 3,032 | 4,019 | 8,974 |
| Purchasing: | | | | | |
| Salaries and Wages | 101,789 | 103,997 | 96,774 | 4,125 | 3,098 |
| Other Expenses | 8,300 | 8,300 | 4,884 | 1,737 | 1,679 |
| Legal Services & Costs: | | | | | |
| Other Expenses | 450,000 | 442,000 | 371,148 | 30,833 | 40,019 |
| Engineering Services & Costs: | | | | | |
| Salaries and Wages | 156,390 | 162,945 | 139,412 | 4,370 | 19,163 |
| Other Expenses | 144,600 | 144,600 | 31,294 | 54,898 | 58,408 |
| Historical Commission: | | | | | |
| Other Expenses | 125 | 125 | - | - | 125 |
| Community Alliance-Alcoholism & Drugs: | | | | | |
| Salaries and Wages | 1,140 | 1,140 | - | - | 1,140 |
| Other Expenses | 100 | 100 | 43 | 3 | 54 |
| Mayor's Community Advisory Board: | | | | | |
| Other Expenses | 50 | 50 | - | - | 50 |
| Economic Development Advisory Board: | | | | | |
| Other Expenses | 1,175 | 1,175 | - | - | 1,175 |
| Land Use Administration: | | | | | |
| Planning/Zoning Boards: | | | | | |
| Salaries and Wages | 205,838 | 212,979 | 200,081 | 7,546 | 5,352 |
| Other Expenses | 54,700 | 54,700 | 26,190 | 2,247 | 26,263 |
| Maintenance of Tax Maps: | | | | | |
| Other Expenses | 15,000 | 15,000 | 8,641 | 40 | 6,319 |
| Code Enforcement - Other: | | | | | |
| Rent Leveling Board: | | | | | |
| Salaries and Wages | 3,145 | 3,145 | 1,375 | 125 | 1,645 |
| Other Expenses | 39,000 | 47,000 | 38,769 | 6,850 | 1,381 |
| Code Enforcement - Other: | | | | | |
| Salaries and Wages | 237,328 | 238,144 | 185,222 | 6,508 | 46,414 |
| Other Expenses | 6,400 | 6,900 | 4,627 | 1,734 | 539 |
| Community Development & Enforcement: | | | | | |
| Salaries and Wages | 22,000 | 22,000 | 21,154 | 846 | - |
The Accompanying Notes to the Financial Statements are an integral part of this Statement.
===== PAGE 25 =====
TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| APPROPRIATIONS | EXPENDED |
| BUDGET | BUDGET AFTER MODIFICATION | PAID OR CHARGED | ENCUMBERS | RESERVED |
| Other Expenses | 12,200 | 12,200 | 7,678 | 2,091 | 2,431 |
| Commercial Building Standards: | | | | | |
| Salaries and Wages | 12,000 | 12,000 | 11,575 | - | 425 |
| Other Expenses | 850 | 850 | 500 | 210 | 140 |
| Unsafe Structures Committee | | | | | |
| Other Expenses | 20,000 | 20,000 | 7,470 | 11,520 | 1,010 |
| Insurance: | | | | | |
| General Liability | 613,316 | 613,316 | 563,214 | 754 | 49,348 |
| Workers Compensation | 571,020 | 571,020 | 571,016 | - | 4 |
| Employee Group Health | 3,928,456 | 3,928,456 | 3,648,710 | 493 | 279,253 |
| Health Benefit Waiver | 36,480 | 35,694 | 26,880 | 1,120 | 7,694 |
| Unemployment Trust Fund | 10,000 | - | - | - | - |
| Public Safety Functions: | | | | | |
| Police Department: | | | | | |
| Salaries and Wages | 10,087,570 | 10,140,568 | 9,706,754 | 389,115 | 44,699 |
| Other Expenses | 580,238 | 580,238 | 444,517 | 108,947 | 26,774 |
| Police Dispatch/911: | | | | | |
| Salaries and Wages | 469,957 | 426,493 | 401,766 | 24,727 | - |
| Emergency Management: | | | | | |
| Salaries and Wages | 12,346 | 12,706 | 11,933 | 434 | 339 |
| Other Expenses | 24,760 | 24,760 | 2,443 | 17,200 | 5,117 |
| Aid to Volunteer Ambulance: | | | | | |
| Other Expenses | 15,000 | 15,000 | - | 15,000 | - |
| Municipal Prosecutor: | | | | | |
| Other Expenses | 42,000 | 42,000 | 37,160 | - | 4,840 |
| Juvenile Conference Committee: | | | | | |
| Salaries and Wages | 1,300 | 1,300 | 500 | 100 | 700 |
| Other Expenses | 25 | 25 | - | - | 25 |
| Public Works Functions: | | | | | |
| Streets & Roads Maintenance: | | | | | |
| Salaries and Wages | 1,293,084 | 1,303,680 | 1,213,947 | 45,157 | 44,576 |
| Other Expenses | 254,275 | 254,275 | 126,900 | 66,612 | 60,763 |
| Snow Removal: | | | | | |
The Accompanying Notes to the Financial Statements are an integral part of this Statement.
===== PAGE 26 =====
## TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| APPROPRIATIONS | EXPENDED |
| BUDGET | BUDGET AFTER MODIFICATION | PAID OR CHARGED | ENCUMBERS | RESERVED |
| Other Expenses | 410,000 | 420,000 | 407,366 | 12,634 | - |
| Shade Tree Commission: | | | | | |
| Salaries and Wages | 1,250 | 1,250 | 950 | 95 | 205 |
| Other Expenses | 10,000 | 10,000 | 3,940 | 217 | 5,843 |
| Solid Waste Collection: | | | | | |
| Salaries and Wages | 46,988 | 47,776 | 42,845 | 1,821 | 3,110 |
| Other Expenses | 550,700 | 550,700 | 448,251 | 89,624 | 12,825 |
| Buildings & Grounds: | | | | | |
| Salaries and Wages | 805,930 | 810,990 | 753,074 | 31,527 | 26,389 |
| Other Expenses | 194,050 | 194,050 | 147,643 | 36,620 | 9,787 |
| Vehicle Maintenance: | | | | | |
| Salaries and Wages | 333,797 | 340,786 | 303,490 | 12,044 | 25,252 |
| Other Expenses | 319,100 | 319,100 | 128,273 | 106,189 | 84,638 |
| Community Services Act: | | | | | |
| Other Expenses | 158,000 | 158,000 | - | 158,000 | - |
| Health & Human Services Functions: | | | | | |
| Public Health Services: | | | | | |
| Salaries and Wages | 14,000 | 14,000 | 9,812 | - | 4,188 |
| Other Expenses | 1,500 | 1,500 | 787 | 346 | 367 |
| Environmental Health Services-Environmental Commission: | | | | | |
| Salaries and Wages | 1,300 | 1,300 | 945 | - | 355 |
| Other Expenses | 500 | 500 | - | - | 500 |
| Animal Control Services: | | | | | |
| Salaries and Wages | 144,950 | 146,797 | 132,458 | 5,194 | 9,145 |
| Other Expenses | 55,300 | 55,300 | 32,974 | 6,499 | 15,827 |
| Going Green Committee: | | | | | |
| Other Expenses | 25 | 25 | - | - | 25 |
| Parks & Recreation Functions: | | | | | |
| Recreation Services & Programs: | | | | | |
| Salaries and Wages | 91,476 | 91,476 | 83,038 | 3,574 | 4,864 |
| Other Expenses | 13,640 | 13,640 | 9,187 | 3,924 | 529 |
| Office for the Golden Age: | | | | | |
The Accompanying Notes to the Financial Statements are an integral part of this Statement.
===== PAGE 27 =====
TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| APPROPRIATIONS | EXPENDED |
| BUDGET | BUDGET AFTER MODIFICATION | PAID OR CHARGED | ENCUMBERS | RESERVED |
| Salaries and Wages | 216,289 | 220,388 | 202,804 | 9,085 | 8,499 |
| Other Expenses | 23,585 | 23,585 | 16,494 | 5,806 | 1,285 |
| Handicapped Committee: | | | | | |
| Salaries and Wages | 12,099 | 12,306 | 11,623 | 415 | 268 |
| Other Expenses | 7,445 | 7,445 | 523 | 291 | 6,631 |
| Park Maintenance: | | | | | |
| Other Expenses | 1,000 | 1,000 | 394 | - | 606 |
| Municipal Court Functions: | | | | | |
| Municipal Court: | | | | | |
| Salaries and Wages | 356,035 | 358,168 | 325,965 | 13,287 | 18,916 |
| Other Expenses | 27,890 | 27,890 | 19,843 | 3,096 | 4,951 |
| Public Defender: | | | | | |
| Other Expenses | 12,000 | 12,000 | 12,000 | - | - |
| Other Common Operating Functions: | | | | | |
| Salary & Wage Adjustment: | | | | | |
| Salaries and Wages | 150,000 | 21,416 | - | - | 21,416 |
| Postage & Photocopy: | | | | | |
| Other Expenses | 76,600 | 76,600 | 52,148 | 11,942 | 12,510 |
| Accumulated Leave Compensation-Sick Trust: | | | | | |
| Other Expenses | 150,000 | 150,000 | 150,000 | - | - |
| Utility Expenses & Bulk Purchases: | | | | | |
| Electricity | 545,000 | 545,000 | 450,220 | 79,675 | 15,105 |
| Street Lighting | 375,000 | 375,000 | 248,971 | 49,418 | 76,611 |
| Telecommunication Costs | 74,285 | 74,285 | 68,361 | - | 5,924 |
| Telecommunication Costs-Lease Obligation | 21,715 | 21,715 | - | 20,193 | 1,522 |
| Natural Gas | 115,000 | 115,000 | 95,536 | 19,464 | - |
| Heating Oil | 2,750 | 2,750 | - | - | 2,750 |
| Fuel & Petroleum Products | 565,000 | 565,000 | 413,955 | 120,866 | 30,179 |
| Water | 1,000 | 1,000 | - | - | 1,000 |
| Landfill/Solid Waste: | | | | | |
| Landfill/Solid Waste Disposal Costs: | | | | | |
| Other Expenses | 240,000 | 240,000 | 171,712 | 44,457 | 23,831 |
| Legler Landfill - Postclosure Monitoring: | | | | | |
The Accompanying Notes to the Financial Statements are an integral part of this Statement.
===== PAGE 28 =====
## TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| APPROPRIATIONS | EXPENDED |
| BUDGET | BUDGET AFTER MODIFICATION | PAID OR CHARGED | ENCUMBERS | RESERVED |
| Other Expenses | 55,000 | 55,000 | 42,456 | 7,544 | 5,000 |
| Uniform Construction Code-Appropriations Offset by Dedicated Revenues(NJAC5:23-4.17): | | | | | |
| Construction Code Department: | | | | | |
| Salaries and Wages | 760,413 | 779,772 | 708,203 | 28,697 | 42,872 |
| Other Expenses | 77,725 | 77,725 | 50,526 | 12,145 | 15,054 |
| Total Operations Including Contingent Within "CAPS" | 28,310,698 | 28,309,811 | 25,051,719 | 1,833,914 | 1,424,178 |
| Detail: | | | | | |
| Salaries and Wages | 17,116,823 | 17,116,222 | 16,039,800 | 642,302 | 434,120 |
| Other Expenses | 11,193,875 | 11,193,589 | 9,011,919 | 1,191,612 | 990,058 |
| Deferred Charges & Statutory Expenditures | | | | | |
| Municipal Within "CAPS": | | | | | |
| Deferred Charges: | | | | | |
| Over-Expended 2012 | 10,064 | 10,064 | 10,064 | - | - |
| Statutory Expenditures: | | | | | |
| Public Employees' Retirement System | 694,662 | 694,662 | 694,662 | - | - |
| Social Security System (O.A.S.I.) | 1,355,837 | 1,355,837 | 1,249,762 | 33,578 | 72,497 |
| Police & Firemen's Retirement System | 1,918,335 | 1,919,121 | 1,919,121 | - | - |
| Defined Contribution Retirement Program | 7,000 | 7,100 | 6,711 | 270 | 119 |
| Public Employees' Retirement System | | | | | |
| Delayed Appropriation | 26,130 | 26,130 | 26,046 | - | 84 |
| Total Deferred Charges & Statutory | | | | | |
| Expenditures Within "CAPS" | 4,012,028 | 4,012,914 | 3,906,366 | 33,848 | 72,700 |
| Total General Appropriations for Municipal Purposes Within "CAPS" | 32,322,726 | 32,322,725 | 28,958,085 | 1,867,762 | 1,496,878 |
OPERATIONS - EXCLUDED FROM "CAPS"
The Accompanying Notes to the Financial Statements are an integral part of this Statement.
===== PAGE 29 =====
TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| APPROPRIATIONS | EXPENDED |
| BUDGET | BUDGET AFTER MODIFICATION | PAID OR CHARGED | ENCUMBERSERED | RESERVED |
| Service Contracts: | | | | | |
| Sewer & Water Purposes - MUA | 3,600 | 3,600 | 3,300 | 300 | - |
| Implementation of 911 Emergency: | | | | | |
| Salaries & Wages | 156,652 | 156,652 | 142,144 | - | 14,508 |
| Relocation Assistance: | | | | | |
| Other Expenses | 2,000 | 2,000 | - | - | 2,000 |
| LOSAP | 29,000 | 29,000 | - | 29,000 | - |
| Recycling Tonnage Tax | 10,000 | 10,000 | 5,554 | 199 | 4,247 |
| Shared Service Agreement-BOE/Police SRO | 76,500 | 76,500 | 68,000 | 8,500 | - |
| Supplemental Fire Services Programs: | | | | | |
| Fire District Tax Obligations | 13,026 | 13,026 | 13,026 | - | - |
| Public & Private Programs Offset by Revenues: | | | | | |
| OC Office of Senior Services-Information Assistance: | | | | | |
| Salaries and Wages | 17,210 | 17,210 | 17,210 | - | - |
| Other Expenses | 500 | 500 | 500 | - | - |
| Safe & Secure Communities Program | - | 28,805 | 28,805 | - | - |
| Municipal Alliance on Alcohol & Drug Abuse: | | | | | |
| County Grant | 13,270 | 48,644 | 48,644 | - | - |
| Local Matching Funds | 3,317 | 12,161 | 12,161 | - | - |
| State of NJ Body Armor Grant | 9,405 | 9,405 | 9,405 | - | - |
| Clean Communities Grant | - | 94,305 | 94,305 | - | - |
| Green Community | - | 3,000 | 3,000 | - | - |
| Drunk Driving Enforcement Fund | 10,508 | 10,508 | 10,508 | - | - |
| Matching Funds for Grants | 20,000 | 8,157 | - | - | 8,157 |
| Special Projects Grant (Concerts) | 1,200 | 1,200 | 1,200 | - | - |
| Special Projects Grant - Match | 1,200 | 1,200 | 1,200 | - | - |
| Click It or Ticket | 4,000 | 4,000 | 4,000 | - | - |
| Alcohol Education and Rehabilitation | 2,428 | 2,428 | 2,428 | - | - |
| COPS in Shops Fall Initiative | 2,800 | 2,800 | 2,800 | - | - |
| COPS in Shops Summer Shore Initiative | - | 2,400 | 2,400 | - | - |
| Emergency Response Grant | - | 13,600 | 13,600 | - | - |
| Drive Sober or Get Pulled Over | - | 7,500 | 7,500 | - | - |
The Accompanying Notes to the Financial Statements are an integral part of this Statement.
===== PAGE 30 =====
## TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| APPROPRIATIONS | EXPENDED |
| BUDGET | BUDGET AFTER MODIFICATION | PAID OR CHARGED | ENCUMBERSERED | RESERVED |
| NJ DOT Local Infrastructure-Sidewalk | 300,000 | 300,000 | 300,000 | - | - |
| NJ DOT Local Infrastructure-Wright Debow Road | 328,967 | 328,967 | 328,967 | - | - |
| NJ DOT Local Infrastructure-Brewers Bridge Road | 325,000 | 325,000 | 325,000 | - | - |
| Handicapped Recreation Opportunities Grant: | | | | | |
| State Share | - | 15,000 | 15,000 | - | - |
| Local Share | - | 3,000 | 3,000 | - | - |
| Recycling Tonnage Grant | 59,029 | 59,029 | 59,029 | - | - |
| Total Operations Excluded from "CAPS" | 1,389,612 | 1,589,597 | 1,522,686 | 37,999 | 28,912 |
| Detail: | | | | | |
| Salaries and Wages | 173,862 | 173,862 | 159,354 | - | 14,508 |
| Other Expenses | 1,215,750 | 1,415,735 | 1,363,332 | 37,999 | 14,404 |
===== PAGE 31 =====
## TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| APPROPRIATIONS | EXPENDED |
| BUDGET | BUDGET AFTER MODIFICATION | PAID OR CHARGED | ENCUMBERSERED | RESERVED |
| Capital Improvements - Excluded from "CAPS": | | | | | |
| Capital Improvement Fund | 100,000 | 100,000 | 100,000 | - | - |
| Total Capital Improvement Excluded from "CAPS" | 100,000 | 100,000 | 100,000 | - | - |
| Municipal Debt Service - Excluded from "CAPS": | | | | | |
| Payment of Bond Principal | 2,941,000 | 2,941,000 | 2,941,000 | - | - |
| Interest on Bonds | 649,218 | 649,218 | 649,218 | - | - |
| Interest on Notes | 68,376 | 68,376 | 68,376 | - | - |
| Deferred Charges-Municipal - Excluded from "CAPS": | | | | | |
| Special Emergency Authorization - 5 Years | 621,287 | 621,287 | 621,287 | - | - |
| Special Emergency Authorization - 5 Years | 4,026 | 4,026 | 4,026 | - | - |
| Judgements - Excluded from "CAPS" | 225,000 | 225,000 | 222,534 | - | 2,466 |
| Total Capital Improvements, Municipal Debt Service, Deferred Charges & Judgements Excluded from "CAPS" | 4,508,907 | 4,508,907 | 4,506,441 | - | 2,466 |
| Total General Appropriations Excluded from "CAPS" | 5,998,519 | 6,198,504 | 6,129,127 | 37,999 | 31,378 |
| Subtotal General Appropriations | 38,321,245 | 38,521,229 | 35,087,212 | 1,905,761 | 1,528,256 |
| Reserve For Uncollected Taxes | 2,701,607 | 2,701,607 | 2,701,607 | - | - |
| Total General Appropriations | 41,022,852 | 41,222,836 | 37,788,819 | 1,905,761 | 1,528,256 |
===== PAGE 32 =====
# TOWNSHIP OF JACKSON CURRENT FUND STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| APPROPRIATIONS | EXPENDED |
| BUDGET | BUDGET AFTER MODIFICATION | PAID OR CHARGED | ENCUMBERSRED | RESERVED |
| Budget | $ 41,022,852 | | | | |
| Added by N.J.S. 40A:4-87 | 199,984 | | | | |
| Total | $ 41,222,836 | | | | |
| Reserve for Uncollected Taxes | | $ 2,701,607 | | | |
| Appropriated Reserves for Federal & State Grants | | 1,290,662 | | | |
| Deferred Charges - Special Emergency | | 625,313 | | | |
| Refunds | | (791,650) | | | |
| Cash Disbursements | | 33,962,887 | | | |
| Total | | $ 37,788,819 | | | |
===== PAGE 33 =====
# TOWNSHIP OF JACKSON TRUST FUND COMPARATIVE STATEMENT OF ASSETS, LIABILITIES, RESERVES AND FUND BALANCE - REGULATORY BASIS DECEMBER 31, 2014 AND 2013
| REFERENCE | 2014 | 2013 |
| ASSETS |
| Animal Control Trust Fund: |
| Cash | B-1 | $ 101,722 | $ 139,043 |
| Total Animal Control Trust Fund | | 101,722 | 139,043 |
| Open Space Trust Fund: |
| Cash | B-1 | 2,599,645 | 4,061,833 |
| Total Open Space Trust Fund | | 2,599,645 | 4,061,833 |
| Trust Other Funds: |
| Cash | B-1 | 10,247,940 | 10,911,889 |
| Interfund - Current Fund | B-4 | 4,144 | - |
| Due from County of Ocean - Community Development Block Grant | B-5 | 248,591 | 177,460 |
| Total Trust Other Funds | | 10,500,675 | 11,089,349 |
| Length of Service Awards Program (LOSAP) (Unaudited) |
| Funds Held by Trustee | B-9 | 116,535 | 112,314 |
| Total Assets | | $ 13,318,577 | $ 15,402,539 |
===== PAGE 34 =====
# TOWNSHIP OF JACKSON TRUST FUND COMPARATIVE STATEMENT OF ASSETS, LIABILITIES, RESERVES AND FUND BALANCE - REGULATORY BASIS DECEMBER 31, 2014 AND 2013
REFERENCE 2014 2013
| LIABILITIES & RESERVES |
| Animal Control Trust Fund: | | | |
| Due to State of New Jersey | B-2 | $ 12 | $ 5 |
| Due to Current Fund | A | - | 26,314 |
| Reserve for Animal Control Expenditures | B-3 | 101,710 | 112,724 |
| Total Animal Control Trust Fund | | 101,722 | 139,043 |
| Open Space Trust Fund: | | | |
| Reserve for Open Space | B-8 | 2,599,645 | 4,061,833 |
| Total Open Space Trust Fund | | 2,599,645 | 4,061,833 |
| Trust Other Funds: | | | |
| Various Reserves | B-7 | 10,259,489 | 10,917,960 |
| Interfund - Current Fund | B-4 | - | 9,028 |
| Reserve for Community Development Block | | | |
| Grant Expenditures | B-6 | 241,186 | 162,361 |
| Total Trust Other Funds | | 10,500,675 | 11,089,349 |
| Length of Service Awards Program (LOSAP) (Unaudited) | | | |
| Funds Held by Trustee | B-10 | 116,535 | 112,314 |
| Total Liabilities & Reserves | | $ 13,318,577 | $ 15,402,539 |
===== PAGE 35 =====
# TOWNSHIP OF JACKSON GENERAL CAPITAL FUND COMPARATIVE STATEMENT OF ASSETS, LIABILITIES, RESERVES AND FUND BALANCE - REGULATORY BASIS DECEMBER 31, 2014 AND 2013
| ASSETS | REFERENCE | 2014 | 2013 |
| Cash & Cash Equivalents | C-2 | $ 4,935,299 | $ 3,867,877 |
| Investment in Bond Anticipation Note | A | 902,713 | 1,524,000 |
| State Grants Receivable | C-4, C-5 | - | 1,052,865 |
| Due From Current Fund | C-6 | - | 380,624 |
| MUA Shared Services Agreement Receivable | C-7 | 395 | 395 |
| Deferred Charges to Future Taxation: | | | |
| Funded | C-8 | 24,476,000 | 22,492,000 |
| Unfunded | C-9 | 3,971,730 | 7,376,578 |
| Total Assets | | $ 34,286,137 | $ 36,694,339 |
| LIABILITIES, RESERVES & FUND BALANCE | | | |
| General Serial Bond | C-10 | $ 24,476,000 | $ 22,492,000 |
| Bond Anticipation Notes | C-17 | 1,891,241 | 5,485,337 |
| Improvement Authorizations: | | | |
| Funded | C-11 | 1,984,726 | 1,560,220 |
| Unfunded | C-11 | 3,541,579 | 3,236,671 |
| Reserve for Encumbrances | C-12 | 356,676 | 1,608,852 |
| Capital Improvement Fund | C-13 | 30 | 4,038 |
| Reserve for Debt Service - Open Space Bonds | C-14 | 1,853,771 | 1,853,771 |
| Reserve for Debt Service - Other | C-15 | 171,426 | 57,762 |
| Reserve for Fire Damage - Annex Building | C-16 | 10,589 | 10,589 |
| Reserve for DOT Receivable - Brewers Bridge | C | - | 325,000 |
| Fund Balance | C-1 | 99 | 60,099 |
| Total Liabilities, Reserves & Fund Balance | | $ 34,286,137 | $ 36,694,339 |
There were bonds and notes authorized but not issued on December 31, 2014 of $2,080,152 and on December 31, 2013 there was $1,891,241.
===== PAGE 36 =====
# TOWNSHIP OF JACKSON PUBLIC ASSISTANCE FUND COMPARATIVE STATEMENT OF ASSETS AND RESERVES - REGULATORY BASIS DECEMBER 31, 2014 AND 2013
| ASSETS | REFERENCE | 2014 | 2013 |
| Cash & Cash Equivalents | D-1 | $ 27,268 | $ 29,730 |
| Total Assets | | $ 27,268 | $ 29,730 |
| RESERVES | | | |
| Reserve for Public Assistance | D-2 | $ 27,268 | $ 29,730 |
| Total Reserves | | $ 27,268 | $ 29,730 |
===== PAGE 37 =====
# TOWNSHIP OF JACKSON GENERAL FIXED ASSETS ACCOUNT GROUP COMPARATIVE STATEMENT OF GENERAL FIXED ASSETS AND FUND BALANCE - REGULATORY BASIS DECEMBER 31, 2014 AND 2013
| ASSETS | REFERENCE | 2014 | 2013 |
| Land | E-1 | $ 54,970,100 | $ 54,983,000 |
| Building & Building Improvements | E-1 | 47,637,784 | 47,646,529 |
| Machinery & Equipment | E-1 | 14,658,265 | 12,809,822 |
| Total | | $ 117,266,149 | $ 115,439,351 |
| INVESTMENT IN FIXED ASSETS |
| Investment in Fixed Assets | E | $ 117,266,149 | $ 115,439,351 |
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# TOWNSHIP OF JACKSON PAYROLL FUND COMPARATIVE STATEMENT OF ASSETS AND LIABILITIES - REGULATORY BASIS DECEMBER 31, 2014 AND 2013
| ASSETS | 2014 | 2013 |
| Cash | $ 2,126 | $ 2,316 |
| Total Assets | $ 2,126 | $ 2,316 |
| LIABILITIES | | |
| Payroll Deductions Payable | $ 2,126 | $ 2,316 |
| Total Liabilities | $ 2,126 | $ 2,316 |
===== PAGE 39 =====
*****
# NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014
TOWNSHIP OF JACKSON
COUNTY OF OCEAN
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===== PAGE 41 =====
# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 1. Summary of Significant Accounting Policies
## Description of Financial Reporting Entity
This report includes the financial statements of the Township of Jackson (the “Township”), within the County of Ocean, in the State of New Jersey and reflects the activities of the municipality which is under the control of the Mayor and Township Council. The financial statements of the Board of Education, First Aid Organization and Fire Districts are reported separately since their activities are administered by separate boards.
The Township’s governing body is also responsible for appointing the board members of the Jackson Municipal Utilities Authority but the Township’s accountability for this organization does not extend beyond making the appointments.
## Component Units
The Township had no component units as defined by Governmental Accounting Standards Board Statement No. 14.
## Description of Funds
The accounting policies of the Township of Jackson conform to the accounting principles applicable to municipalities, which have been prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. Such principles and practices are designed primarily for determining compliance with legal provisions and budgetary restrictions and as a means of reporting on the stewardship of public officials with respect to public funds. Under this method of accounting, the Township of Jackson accounts for its financial transactions through the following separate funds:
Current Fund - resources and expenditures for governmental operation of a general nature, including federal and state grant funds.
Trust Fund - receipts, custodianship and disbursement of funds in accordance with the purpose for which each reserve was created, including dog license revenue and expenditures and sundry deposits held for satisfactory completion of specific work.
General Capital Fund - receipt and disbursement of funds for the acquisition of capital facilities, other than those acquired in the Current Fund.
Public Assistance Fund – receipt and disbursement of funds that provide assistance to certain residents of the Township.
General Fixed Asset Account Group – used to account for fixed assets used in general government operations.
Payroll Fund – is used for the receipt and disbursements of funds used to meet obligations to employees and payroll tax liability.
===== PAGE 42 =====
## TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 1. Summary of Significant Accounting Policies (continued):
Budgets and Budgetary Accounting - The Township of Jackson must adopt an annual budget for its Current Fund in accordance with N.J.S.A.40A:4 et seq. N.J.S.A.40A:4-5 requires the governing body to introduce and approve the annual municipal budget no later than February 10th of each year. At introduction, the governing body must fix the time and place for a public hearing on the budget and must advertise the time and place at least ten days prior to the hearing in a newspaper published and circulating in the municipality. The public hearing must not be held less than twenty-eight days after the date the budget was introduced. After the hearing has been held, the governing body may, by majority vote, adopt the budget or may amend the budget in accordance with N.J.S.A.40A:4-9. Amendments to adopted budgets, if any are detailed in the statements of revenues and expenditures.
An extension of the statutory dates for introduction, approval and adoption of the municipal budget may be granted by the Director of Local Government Services, with the permission of the Local Finance Board. Budgets are adopted on the same basis of accounting utilized for the preparation of the Township’s financial statements. Once a budget is approved it may be amended after November 1, by a resolution adopted by the governing body.
Cash, Cash Equivalents and Investments - Cash and Cash equivalents include petty cash, change funds and cash on deposit with public depositories. All certificates of deposit are recorded as cash regardless of the date of maturity. Investments are stated at cost. Consequently, unrealized gain or loss on investments has not been recorded in accordance with Governmental Accounting Standards Board Statement No. 31.
New Jersey municipal units are required by N.J.S.A.40A:5-14 to deposit public funds in a bank or trust company having its place of business in the State of New Jersey and organized under the laws of the United States or of the State of New Jersey or in the New Jersey Cash Management Fund. N.J.S.A.40A:5-15.1 provides a list of investments, which may be purchased by New Jersey municipal units. In addition, other State statutes permit investments in obligations issued by local utilities and other state agencies.
N.J.S.A.17:9-41 et seq. establishes the requirements for the security of deposits of governmental units. The statute requires that no governmental unit shall deposit public funds in a public depository unless such funds are secured in accordance with the Governmental Unit Deposit Protection Act, which was enacted in 1970 to protect governmental units from a loss of funds on deposit with a failed banking institution in New Jersey. Public depositories include State or federally chartered banks savings banks or associations located in or having a branch office in the State of New Jersey, the deposits of which are federally insured. All public depositories must pledge collateral, having a market value at least equal to five percent of the average daily balance of collected public funds, to secure the deposits of Governmental Units. If a public depository fails, the collateral it has pledged, plus the collateral of all other public depositories, is available to pay the amount of their deposits to the Governmental Units.
===== PAGE 43 =====
# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 1. Summary of Significant Accounting Policies (continued):
The cash management plan adopted by the Township of Jackson requires it to deposit funds in public depositories protected from loss under the provisions of the Act.
Interfunds - Interfund receivables and payables that arise from transactions between funds are recorded by all funds affected by such transactions in the period in which the transaction is executed. Interfund receivables in the Current Fund are recorded with offsetting reserves, which are created by charges to operations. Income is recognized in the year the receivables are liquidated. Interfund receivables in the other funds are not offset by reserves.
Inventories and Supplies - The cost of inventories of supplies for all funds are recorded as expenditures at the time individual items are purchased. The costs of inventories are not included on the various balance sheets of assets, liabilities, reserves and fund balance.
General Fixed Assets – Property and equipment purchased by the Current and General Capital Fund are recorded as expenditures at the time of purchase and are not capitalized. All interest costs are recorded as expenditures when paid.
Accounting for governmental Fixed Assets, as promulgated by Technical Accounting Directive No. 85-2 as issued by the Division of Local Government Services, differs in certain respects from accounting principles generally accepted in the United States of America. The following is a brief description of the provisions of the Directive:
Fixed assets used in governmental operations (General Fixed Assets) are accounted for in the General Fixed Assets Account Group. Public domain ("infrastructure") general fixed assets consisting of certain improvements other than buildings, such as roads, bridges, curbs and gutters, streets and sidewalks and drainage systems are not capitalized.
All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available, except for land, which is valued at estimated market value. No depreciation has been provided for in the financial statements. Donated general fixed assets are valued at their estimated fair market value on the date received.
Expenditures for construction in progress are recorded in the General Capital Fund until such time as the construction is completed and put into operation. Fixed assets acquired through grants-in-aid or contributed capital has not been accounted for separately.
Foreclosed property - is recorded in the Current Fund at the assessed valuation when such property was acquired and is fully reserved. Ordinarily it is the intention of the municipality to resell foreclosed property in order to recover all or a portion of the delinquent taxes or assessments and to return the property to a taxpayer basis. For this reason the value of foreclosed property has not been included in the General Fixed Assets Account Group. If such property is converted to a municipal use, it will be recorded in the General Fixed Assets Account Group.
===== PAGE 44 =====
# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 1. Summary of Significant Accounting Policies (continued):
Deferred Charges – The recognition of certain expenditures is deferred to future periods. These expenditures or deferred charges are generally overexpenditures of legally adopted budget appropriations or emergency appropriations made in accordance with N.J.S.A.40A:4-46 et seq. Deferred charges are subsequently raised as items of appropriation in budgets of succeeding years.
Fund Balance – Fund Balance included in the Current Fund represent the amount available for anticipation as revenue in future year's budgets, with certain restrictions.
Revenues – are recorded when received in cash except for certain amounts, which are due from other governmental units. Revenue from Federal and State grants are realized when anticipated as such in the Township’s budget. Receivables for property taxes are recorded with offsetting reserves on the statement of assets, liabilities, reserves and fund balance of the Township’s Current Fund; accordingly, such amounts are not recorded as revenue until collected. Other amounts that are due the Township, which are susceptible to accrual are also recorded as receivables with offsetting reserves and recorded as revenues when received.
Property Tax Revenues – are collected in quarterly installments due February 1, May 1, August 1 and November 1. The amount of tax levied includes not only the amount required in support of the Township’s annual budget, but also the amounts required in support of the budgets of the County of Ocean and the Township of Jackson School District. Unpaid property taxes are subject to tax sale in accordance with statutes.
School Taxes – The municipality is responsible for levying, collecting and remitting school taxes for the Township of Jackson School District. Operations are charged for the full amount required to be raised from taxation to operate the local school district for the period from January 1 to December 31.
County Taxes – The municipality is responsible for levying, collecting and remitting County taxes for the County of Ocean. Operations is charged for the amount due the County for the year, based upon the ratables required to be certified to the County Board of Taxation by January 10th of the current year. In addition, operations is charged for the County share of Added and Omitted Taxes certified to the County Board of Taxation by October 10th of the current year and due to be paid to the County by February 15th of the following year.
Reserve for Uncollected Taxes – The inclusion of the “Reserve for Uncollected Taxes” appropriation in the Township’s annual budget protects the Township from taxes not paid currently. The Reserve, the minimum amount of which is determined on the percentage of collections experienced in the immediate preceding year, with certain exceptions, is required to provide assurance that cash collected in the current year will provide sufficient cash flow to meet expected obligations.
===== PAGE 45 =====
# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 1. Summary of Significant Accounting Policies (continued):
Expenditures – are recorded on the “budgetary” basis of accounting. Generally, expenditures are recorded when an amount is encumbered through the issuance of a numerically controlled purchase order or when a contract is executed as required by Technical Accounting Directive No. 85-1. When an expenditure is paid, the amount encumbered is simultaneously liquidated in its original amount. Encumbrances are offset by an account entitled to reserve for encumbrances. The reserve is classified as a cash liability under New Jersey municipal accounting. At December 31, this reserve represents the portion of appropriation reserves that has been encumbered and is subject to the same statutory provisions as appropriation reserves.
Appropriations for principal and interest payments on outstanding general capital bonds and notes are provided on the cash basis.
Appropriation Reserves – Appropriation reserves covering unexpended appropriation balances are automatically created at year-end and recorded as liabilities, except for amounts, which may be cancelled by the governing body. Appropriation reserves are available, until lapsed at the close of the succeeding year, to meet specific claims, commitments or contracts incurred during the preceding fiscal year. Lapsed appropriation reserves are recorded as income.
Long-Term Debt - Long-Term Debt relative to the acquisition of capital assets, is recorded as a liability in the General Capital Fund. Where an improvement is a “local improvement”, i.e. assessable upon completion, long-term debt associated with that portion of the cost of the improvement to be funded by assessments is transferred to the Trust Fund upon the confirmation of the assessments or when the improvement is fully and permanently funded.
Compensated Absences and Post-employment Benefits – Compensated absences for vacation, sick leave and other compensated absences are recorded and provided for in the annual budget in the year in which they are paid, on a pay-as-you-go basis. Likewise, no accrual is made for post-employment benefits, if any, which are also funded on a pay-as-you-go basis.
Subsequent Events - The Township of Jackson has evaluated subsequent events occurring after December 31, 2014 through the date of April 7, 2015, which is the date the financial statements were available to be issued.
## Length of Service Award Program (“LOSAP”)
The Township has established a Volunteer Length of Service Award Plan (“LOSAP”) (“Plan”) to ensure retention of the Township’s volunteer First Aid Squad members. The Plan shall be construed under the laws of the State of New Jersey and is established with the intent that it meets the requirements of a “Length of Service Award Plan under Section 457(e)11 of the Internal Revenue Code”.
LOSAP Trust Fund have not been audited, and we were not required by the Division of Local Government Services, Department of Community Affairs, State of New Jersey, to audit nor were we engaged to audit the LOSAP Trust Fund financial statements as part of our audit of the Township's financial statements.
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# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 1. Summary of Significant Accounting Policies (continued):
N.J.A.C.5:30-14.49 requires that the Township perform a separate review report of the Plan in accordance with the American Institute of Certified Public Accounts Statements for Accounting and Auditing Review Services.
### Note 2. Cash and Cash Equivalents:
The Township is governed by the deposit and investment limitations of New Jersey state law. The Deposits and investments held at December 31, 2014, and reported at fair value are as follows:
| Type | Carrying Value |
| Deposits | |
| Demand Deposits | $ 28,579,506 |
| Total Deposits | $ 28,579,506 |
| Reconciliation of Statement of Assets, Liabilities, Reserves and Fund Balance: |
| Current Fund | $ 10,665,503 |
| Animal Control Trust Fund | 101,722 |
| Open Space Trust Fund | 2,599,645 |
| Trust - Other Fund | 10,247,943 |
| General Capital Fund | 4,935,299 |
| Public Assistance Fund | 27,268 |
| Payroll Fund | 2,126 |
| Total Cash and Cash Equivalents | $ 28,579,506 |
Custodial Credit Risk Related to Deposits - Custodial credit risk is the risk that, in the event of a bank failure, the Township's deposits might not be recovered. Although the Township does not have a formal policy regarding custodial credit risk, N.J.S.A. 17:9-41 et seq. requires that governmental units shall deposit public funds in public depositories protected from loss under the provisions of the Governmental Unit
Deposit Protection Act (GUDPA). Under the Act, the first $250,000 of governmental deposits in each insured depository is protected by the Federal Deposit Insurance Corporation (FDIC). Public funds owned by the Township in excess of FDIC insured amounts are protected by GUDPA. However, GUDPA does not protect intermingled trust funds such as salary withholdings, bail funds, or funds that may pass to the Township relative to the happening of a future condition. Such funds are shown as uninsured and uncollateralized in the schedule that follows.
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# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 2. Cash and Cash Equivalents (continued):
| Uninsured & Uncollateralized Insured Under F.D.I.C.\nCollateralized Under GUDPA | 14,157,294n250,000n14,792,369 < /td > < /tr > < tr > < td style = 'text-align: center; word-wrap: break-word;' > Total < /td > < td style = 'text-align: center; word-wrap: break-word;' >29,199,663 |
### Note 3. Investments
### A. Custodial Credit Risk
For an investment, custodial credit risk is a risk that, in the event of the failure of the counterparty, the Township will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. Investment securities are exposed to custodial credit risk if the securities are uninsured, are not registered in the name of the Township and are held by either the counterparty or the counterparty's trust department or the agent but not in the Township's name. All of the Township's investments are held in the name of the Township and are collateralized by GUDPA.
### B. Investment Interest Rate Risk
Interest rate risk is the risk that changes in interest rates that will adversely affect the fire value of an investment. The Township has no formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. Maturities of investments held at December 31, 2014, are provided in the above schedule.
### C. Investment Credit Risk
The Township has no investment policy that limits its investment choices other than the limitation of state law as follows:
- Bonds or other obligations of the United States of America or obligations guaranteed by the United States of America;
Government money market mutual funds;
- Any obligation that a federal agency or federal instrumentality has issued in accordance with an act of Congress, which security has a maturity date not greater than 397 days from the date of purchase, provided that such obligations bear a fixed rate of interest not dependent on any index or other external factor;
Bonds or other obligations of the Township or bonds or other obligations of the local unit or units within which the Township is located;
===== PAGE 48 =====
# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 3. Investments (continued):
Bonds or other obligations, having a maturity date of not more than 397 days from the date of purchase, approved by the Division of Investment in the Department of Treasury for investment by the Township;
- Local Government investment pools;
- Deposits with the State of New Jersey Cash Management Fund established pursuant to section 1 of P.L. 1977, c.281; or
• Agreements for the repurchase of fully collateralized securities.
As of December 31, 2014, the Township had the following investments and maturities:
| Investment | Fair Value | Book Value | Total Reported Value |
| LOSAP | 116,535 | 116,535 | 116,535 |
| Current Fund Special Emergency Notes held by General Capital Fund | 902,713 | 902,713 | 902,713 |
| Total | 1,019,248 | 1,019,248 | 1,019,248 |
### Note 4. Pension
### A. Plan Description
The Township of Jackson contributes to a cost-sharing multiple-employer defined benefit pension plan, Public Employees' Retirement System (P.E.R.S.) and Police and Fireman's Retirement System (P.F.R.S.), administered by the State of New Jersey, Division of Pensions and Benefits. It provides retirement, disability, medical and death benefits to plan members and beneficiaries. The State of New Jersey P.E.R.S. and P.F.R.S. programs were established as of January 1, 1955 and July 1, 1944, respectively. The programs were established under the provisions of N.J.S.A.43:15A and N.J.S.A.43:16A which assigns authority to establish and amend benefit provisions to the plan's board of trustees. P.E.R.S. and P.F.R.S. issues a publicly available financial report that includes financial statements and required supplementary information. That report may be obtained by writing to: State of New Jersey, Department of the Treasury, Division of Pensions and Benefits, P.O. Box 295, Trenton, NJ 08625, or calling (609) 984-1684.
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# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 4. Pension (continued):
### B. Funding Policy
The System’s designated purpose is to provide retirement, death, disability and medical benefits to certain qualified members. Membership in the System is mandatory for substantially all full-time employees of the State of New Jersey or any county, municipality, school district or public agency, provided the employee is not required to be a member of another state-administered retirement system or other state or local jurisdiction. The System’s Board of Trustees is primarily responsible for the administration of the System.
According to the State of New Jersey administrative code, all obligations of the System will be assumed by the State of New Jersey should the System terminate.
Plan members are required to contribute 6.5%, effective October 1, 2011, of their annual covered salary for P.E.R.S, 10%, effective October 1, 2011, of their annual covered salary for P.F.R.S. and the Township is required to contribute at an actuarially determined rate. The contribution requirements of plan members and the Township are established and may be amended by the plan’s Board of Trustees.
The Township’s contributions to P.E.R.S. for the years ending December 31, 2014, 2013 and 2012 were $649,662, $759,294 and $823,495, respectively, equal to the required contributions for each year, and to P.F.R.S. for the years ending December 31, 2014, 2013 and 2012 were $1,918,335, $2,137,931 and $2,169,961, respectively, equal to the required contributions for each year.
### C. Post-Employment Benefits
Chapter 384 of Public Laws 1987 and Chapter 6 of Public Laws 1990 requires the PERS to fund post-retirement medical benefits for those employees covered by the State Plan, who retire after reaching age 60 and accumulating 25 years of credited services. The cost of these benefits is actuarially determined and funded through contributions by the State in accordance with Chapter 62, P.L. 1994. Funding of the post-retirement medical premiums changed from a prefunding basis to a pay-as-you-go basis beginning in 1996, which increased the medical reserve by one-half of 1% of payroll.
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## TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 5. Property Taxes
Property taxes are an enforceable lien on the assessed property. Taxes are due on a quarterly basis on February 1, May 1, August 1 and November 1. All unpaid taxes become delinquent 8 days after the above due dates. The Township bills and collects its own property taxes as well as the taxes levied by the other taxing bodies within the municipality. Property tax revenues are recognized when collected. A reserve for uncollected taxes is established in the current operating budget to the extent that their collectability is improbable.
The following is a three-year comparison of certain statistical information relative to property taxes and property tax collections for the current and previous two years.
## Comparison of Tax Rate Information:
| 2014 | 2013 | 2012 |
| Total Tax Rate | $2.097 | $2.040 | $1.968 |
| Apportionment of Tax Rate: | | | |
| Municipal | 0.448 | 0.438 | 0.421 |
| Municipal Open Space | 0.020 | 0.020 | 0.020 |
| County | 0.396 | 0.390 | 0.364 |
| Local School | 1.233 | 1.192 | 1.163 |
Net Valuation Taxable:
$2014 \~6,647,971,808; 6,647,971,808; 2013 \~6,663,145,020; 2012 \~6,710,626,337; 6,647,971,808; \~6,647,971,808; \~6,663,145,020; \~6,647,971,808; \~6,663,145,020$
Comparison of Tax Levies and Collection Currently:
| YEAR | TAX LEVY | CASH COLLECTIONS | PERCENTAGE OF COLLECTION |
| 2014 | $ 145,604,219 | $ 143,352,211 | 98.45% |
| 2013 | 141,851,869 | 139,207,257 | 98.13% |
| 2012 | 138,030,448 | 135,345,779 | 98.06% |
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## NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
Note 5: Property Taxes (continued)
Delinquent Taxes and Tax Title Liens:
| YEAR ENDED DECEMBER 31 | AMOUNT OF TAX TITLE LIENS | AMOUNT OF DELINQUENT TAXES | TOTAL DELINQUENT | PERCENTAGE OF TAX LEVY |
| 2014 | $ 2,335,043 | $ 1,909,409 | $ 4,244,452 | 2.92% |
| 2013 | 2,055,182 | 1,876,075 | 3,931,257 | 2.77% |
| 2012 | 1,845,048 | 2,028,373 | 3,873,421 | 2.81% |
## Note: 6: Property Acquired By Tax Title Lien Liquidation
The value of property acquired by liquidation of tax title liens on December 31, on the basis of the last assessed valuation of such properties, for the current and previous two years was as follows:
| YEAR | AMOUNT |
| 2014 | $ 6,306,200 |
| 2013 | 6,318,700 |
| 2012 | 6,318,700 |
## Note: 7: Fund Balance Appropriated
The following schedule details the amount of fund balance available at the end of the current year and four previous years and the amounts utilized in the subsequent year's budgets.
| YEAR | BALANCE DECEMBER 31, | UTILIZED IN BUDGET OF SUCCEEDING YEAR | PERCENTAGE OF FUND BALANCE USED |
| CURRENT FUND: |
| 2014 | $ | 3,987,051 | * | | * |
| 2013 | | 2,873,067 | 2,200,000 | | 76.57% |
| 2012 | | 2,549,911 | 2,200,000 | | 86.28% |
| 2011 | | 2,350,087 | 1,900,000 | | 80.85% |
| 2010 | | 2,770,286 | 2,400,000 | | 86.63% |
*2015 budget not introduced at date of audit
===== PAGE 52 =====
## TOWNSHIP OF JACKSON
## NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 8. Interfunds, Receivables and Payables
The composition of interfund balances as of December 31, 2014 is a follows:
| Fund | Interfund Receivable | Interfund Payable |
| Current Fund | $- | $ 447,460 |
| Federal and State Grant Fund | 443,316 | - |
| Trust - Other Fund | 4,144 | - |
| $ 447,460 | $ 447,460 |
The purpose of these interfunds is short-term borrowing.
### Note 9. Long-Term Debt
The Local Bond Law governs the issuance of bonds and notes to finance general municipal capital expenditures. Bonds are retired in serial installments with the statutory period of usefulness. Bonds issued by the Township are general obligations bonds backed by the full faith and credit of the Township. Bond anticipation notes are issued to temporarily finance capital projects prior to the issuance of serial bonds. The terms of the notes cannot exceed one year but the notes may be renewed from time to time for a period not exceeding one year. All such notes must be paid no later than the tenth anniversary of the date of the original note. The State of New Jersey also prescribes that on or before the third anniversary date of the original note a payment of at least equal to the first legally payable installment of the bonds in anticipation of which such notes were issued be paid. A second legal installment must be paid if the notes are to be renewed beyond the fourth anniversary date of the original issuance and so on. Tax anticipation notes are issued if the cash on hand is not sufficient to carry on normal operations of the municipality at any time during the year. Such notes are authorized by a resolution adopted by the governing body.
===== PAGE 53 =====
# TOWNSHIP OF JACKSON
# NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 9. Long-Term Debt (continued):
## Summary of Township Debt – Annual Debt Statement:
| Year 2014 | Year 2013 | Year 2012 |
| Issued & Outstanding | | | |
| General: | | | |
| Bonds, Loans & Notes | $ 26,367,241 | $ 27,977,337 | $ 31,362,337 |
| Deductions: | | | |
| Open Space Trust (40A:2-44h) | 5,199,000 | 5,759,000 | 6,299,000 |
| Funds Temporarily Held to pay Bonds & Notes | 2,025,197 | 1,911,533 | 1,881,143 |
| Total Deductions | 7,224,197 | 7,670,533 | 8,180,143 |
| Net Debt Issued | 19,143,044 | 20,306,804 | 23,182,194 |
| Authorized But Not Issued | | | |
| General - Bonds & Notes | 2,080,152 | 1,891,241 | - |
| Total Net Debt | $ 21,223,196 | $ 22,198,045 | $ 23,182,194 |
## Summary of Statutory Debt Condition – Annual Debt Statement:
The summarized statement of debt condition which follows is prepared in accordance with the required method of setting up the Annual Debt Statement and indicates a statutory net debt of 0.323%
| GROSS DEBT | DEDUCTIONS | NET DEBT |
| Local School District Debt | $ 87,236,973 | $ 87,236,973 | $- |
| General Debt | 28,447,393 | 7,224,197 | 21,223,196 |
| Total | $ 115,684,366 | $ 94,461,170 | $ 21,223,196 |
Net Debt, $21,223,196 divided by Equalized Valuation Basis per N.J.S.A.40A:2-2, as amended, $6,564,851,056 equals 0.323%.
===== PAGE 54 =====
# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 9. Long-Term Debt (continued):
## Borrowing Power Under 40A:2-6:
| 3 1/2% of Equalized Valuation Bases (Municipal) | $ 229,769,787 |
| Net Debt | 21,327,347 |
| Remaining Borrowing Power | $ 208,442,440 |
During the year ended December 31, 2014, the following changes occurred in issued Bonds, Loans and Notes:
| Balance\nDecember 31, 2013 | Issued | Retired | Balance\nDecember 31, 2014 | Due\nWithin\nOne Year |
| General Capital Fund: | | | | | |
| Serial Bonds | $ 22,492,000 | $ 5,485,000 | $ 3,501,000 | $ 24,476,000 | $ 3,600,000 |
| BAN's | 5,485,337 | 1,891,241 | 5,485,337 | 1,891,241 | 1,891,241 |
| Current Fund: | | | | | |
| SEN's | 1,524,000 | - | 621,287 | 902,713 | 381,000 |
| Total | $ 29,501,337 | $ 7,376,241 | $ 9,607,624 | $ 27,269,954 | $ 5,872,241 |
As of December 31, 2014, the Township’s Long-Term Debt is as follows:
## General Serial Bonds:
$5,918,000 2003 Open Space Bonds due in annual installments of $400,000 to $500,000 through 2020 at interest rates ranging from 3.00% to 4.00%. $16,102,000 2008 Bonds due in annual installments ranging from $100,000 to $2,132,000 through 2020 at interest rates ranging from 3.50% to 4.125%. $3,739,000 2008 Open Space Bonds due in annual installments of $75,000 to $334,000 through 2028 at interest rates ranging from 3.50% to 4.75%. $8,010,000 2009 Refunding Bonds due in annual installments ranging from $760,000 to $1,905,000 through 2016 at interest rates ranging from 2.00% to 4.00%. $5,485,000 2014 General Obligation Bonds due in annual installments ranging from $300,000 to $600,000 through 2025 at interest rates ranging from 2.00% to 3.00%. $1,975,000 2022 At interest rates ranging from $1,975,000 to $1,975,000.
Total
2023
===== PAGE 55 =====
# TOWNSHIP OF JACKSON
## NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 9. Long-Term Debt (continued):
Schedule of Annual Debt Service for Principal and Interest for the next five (5) years and increments thereafter for Bonded Debt issued and outstanding:
Fiscal
| Year | Principal | Interest | Total |
| 2015 | 3,600,000 | 887,441 | 4,487,441 |
| 2016 | 3,745,000 | 756,466 | 4,501,466 |
| 2017 | 3,150,000 | 618,979 | 3,768,979 |
| 2018 | 3,215,000 | 503,354 | 3,718,354 |
| 2019-2023 | 8,032,000 | 1,091,271 | 9,123,271 |
| 2024-2028 | 2,734,000 | 265,475 | 2,999,475 |
| Total | $ 24,476,000 | $ 4,122,986 | $ 28,598,986 |
## Refunding Bonds and Deferred Bonds Outstanding
The Township, during 2009, issued $8,010,000 in General Obligation Bonds, Series, 2009 (the “Refunding Bonds”). The Bonds were issued in accordance with the Township’s refunding plan. The Refunding Plan calls for the current refunding and redemption of the Township’s Series 1996 Bonds on June 11, 2009 (the “1996 Redemption Date”) at par and for advance refunding the Township’s Series 2001 Bonds and redeeming the Series 2001 bonds on December 31, 2010 (the 2001 “Redemption Date” and together with the 1996 Redemption Date, the “Redemption Dates”) at par, the earliest dates set for optional redemption of the Refunded Bonds, plus accrued interest to the Redemption Dates.
The proceeds of the Refunding Bonds were applied to the purchase of direct noncallable obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America (State and Local Government Securities) the ("Government Obligations") with any investments earnings thereon, together with any cash remaining after the purchase of the Government Obligations, will be sufficient to make payments when due of principal of, interest on and redemption premium, if any, payable with respect to the Refunded Bonds. The Government Obligations (together with any cash remaining in after the purchase of the Government Obligations) are required to be held in an escrow fund by the escrow agent for the Refunded Bonds pursuant to the terms of an escrow deposit agreement.
The Refunding Plan calls for the escrow agent, pursuant to the escrow deposit agreement, to pay, from the escrow fund, when due, interest on and principal of the Refunded Bonds and in accordance with the terms of the Refunded Bonds to call the Refunded Bonds for early redemption on their respective Redemption Dates.
===== PAGE 56 =====
# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 9. Long-Term Debt (continued):
## Refunding Bonds and Deferred Bonds Outstanding (continued)
During 2014, the Township of Jackson issued 5,485,000 in General Obligation Bonds, Series 2014, and dated July 23, 2014. Bonds were issued to fund various bond ordinances duly adopted by the Township Council. Payments are due each June 1st with various interest rates (2.00% to 3.00%).
### Note 10. Short-Term Debt
## Bond Anticipation Notes
The Township issues Bond Anticipation Notes to temporarily fund various capital projects prior to the issuing of serial bonds. The term of the notes cannot exceed one year but the notes may be renewed from time to time for a period not exceeding one year. All such notes must be paid not later than the tenth anniversary of the date of the original note. The original notes are dated July 23, 2014 and bear an interest rate of 1.00% with a maturity date of August 4, 2015. The purpose of the Bond Anticipation Notes are to fund the acquisition, construction, repair and installation of various capital improvements authorized by the Township.
## Special Emergency Note Payable
The Township is indebted to itself through excess cash available in the General Capital Fund as of December 31, 2014 and is classified as an asset “Investment in Special Emergency Notes”. The note is issued in anticipation of the collection of taxes and revenues, including proceeds from FEMA and insurance proceeds, of the Township of the budget years 2013 through 2017 (20% of the original appropriation to be paid in each year) to finance special emergency appropriations to meet certain expenses incurred as a result of the extraordinary damage to the streets, roads, and other public property caused by Hurricane Sandy, authorized by Township resolution.
### Note 11. Bonds and Notes Authorized But Not Issued
At December 31, 2014 the Township has authorized but not issued bonds and notes as follows:
===== PAGE 57 =====
## NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 12. Deferred Charges to be Raised in Succeeding Budgets
Certain expenditures are required to be deferred to budgets of succeeding years. At December 31, 2014, the following deferred charges are shown on the balance sheets of the various funds:
| Balance 12/31/2014 | 2015 Budget Appropriation | Balance to Succeeding Budgets |
| Current Fund: | | | |
| Special Emergency Appropriations - 5 Years | $ 902,713 | $ 381,000 | $ 521,713 |
| Codification of Ordinances | 8,052 | 4,026 | 4,026 |
### Note 13. General Fixed Assets
The following schedule is a summarization of the changes in General Fixed Assets for the fiscal year ended December 31, 2014:
| December 31, 2013 | Additions | Deletions | Transfers/ Adjustments | December 31, 2014 |
| Fixed Assets not being depreciated: | | | | | |
| Land | $ 54,983,000 | $ - | $ - | $ (12,900) | $ 54,970,100 |
| Buildings & Improvements | 47,646,529 | - | - | (8,745) | 47,637,784 |
| Machinery & Equipment | 12,809,822 | 1,949,440 | (122,642) | 21,645 | 14,658,265 |
| Capital assets not being depreciated | $ 115,439,351 | $ 1,949,440 | $ (122,642) | $ - | $ 117,266,149 |
All additions are recorded at cost.
### Note 14. Risk Management
The Township of Jackson is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions and natural disasters. The Township is a member of the Ocean County Municipal Joint Insurance Fund (JIF). This public entity risk pool is both an insured and self-administered group of 31 municipalities established for the purpose of insuring against property damage, general liability, motor vehicles and equipment liability and workmen's compensation. The JIF will be self-sustaining through member premiums. The JIF participates in the Municipal Excess Liability Insurance Program.
### Note 15. Subsequent Events
The Township has evaluated subsequent events through , the date the financial statements were available to be issued.
===== PAGE 58 =====
# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 16. Deferred Compensation Salary Account
The Township offers it employees a Deferred Compensation Plan in accordance with Internal Revenue Code Section 457, which has been approved by the Director of Local Government Services. The Plan, available to all full time employees at their option, permits employees to defer a portion of their salary to future years. The deferred compensation is not available to participants until termination, retirement, death or unforeseeable emergency.
Amounts deferred under Section 457 plans must be held in trust for the exclusive benefit of participating employees and not be accessible by the Township or its creditors.
### Note 17. Contingencies
### A. Accrued Sick, Vacation and Compensation Time
As discussed in Note 1 and in accordance with accounting principles prescribed by the State of New Jersey, the cash basis of accounting is followed for recording the Township’s liability related to unused vacation, sick pay and compensation time. The Township permits certain employees within limits to accumulate unused vacation, sick pay and compensation time, which may be taken as time off or paid at a later date at an agreed upon rate.
The accumulated cost of unused sick and vacation time has not been recorded in the financial statements as presented, however at December 31, 2014 it is calculated that accrued unused sick and vacation time payable are valued at $2,376,943. The likelihood that this liability would be due and payable all at once is remote since the Township’s employees’ ages and anticipated retirement dates vary.
The Township has established a Compensated Absences Trust Fund to set aside funds for future payments of compensated absences. At December 31, 2014, the balance of the fund was $264,089.
### B. Unemployment Compensation Insurance
Effective January 1, 1978, most municipal employees were eligible for unemployment compensation insurance (N.J.S.A.43:21-3 et. seq.). The Township has elected to provide a self-insured plan whereby the municipal cost and employee contributions are deposited in a trust fund from which claims, if any, will be paid. The reserve for unemployment compensation insurance at December 31, 2014 was $2,050.
### C. Litigation
The Township is involved in legal and administrative proceedings and claims of various types. While any litigation contains an element of uncertainty, Township Officials, based upon the opinion of the Township’s Counsel, presently believe that the outcome of each such proceeding or claim which is pending or know to be threatened, or all of them combined, will not have a material adverse effect on the
Township’s financial position or adversely affect the Township’s ability to levy, collect and enforce the collection of taxes or other revenue for the payment of its bonds or other obligations.
===== PAGE 59 =====
# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 17. Contingencies (continued):
### D. Federal and State Grants
The Township receives financial assistance from the U.S. Government and the State of New Jersey in the form of grants. Entitlement to the funds is generally conditional upon compliance with terms and conditions of the grant agreements and applicable regulations, including the expenditure of the funds for eligible purposes. Substantially all grants, entitlements and cost reimbursements are subject to financial and compliance audits by grantors. As a result of these audits, costs previously reimbursed could be disallowed and require payment to the grantor agency. As of December 31, 2014 the Township estimates that no material liabilities will result from such audits.
### Note 18. Other Post Retirement Benefits – GASB 45
The financial statements of the Township are not prepared in accordance with Governmental Accounting Standards Board Statement No. 45. The following information is provided in accordance with the requirements of the Statement.
## Plan Description
The Township contributes to the State Health Benefits Program (S.H.B.P.), a cost-sharing, multiple employer defined benefit post-employment healthcare plan administered by the State of New Jersey Division of Pensions and Benefits. S.H.B.P. was established in 1961 under N.J.S.A.52:14-17.25 et seq., to provide health benefits to State employees, retirees, and their dependents. Rules governing the operation and administration of the program are found in Title 17, Chapter 9 of the New Jersey Administrative Code. S.H.B.P. provides medical, prescription drugs, mental health/substance abuse, and Medicare Part B reimbursement to retirees and their covered dependents.
The Township's defined benefit postemployment healthcare plan provides post employment health care benefits, at its cost, to certain retired employees. The Township will cover the entire cost of post-retirement health benefits for the retires and his/her dependents only when the employee has worked twenty-five (25) or more years in a State or locally administered retirement system and twenty (20) continuous years or more of service with the Township of Jackson. Post-retirement benefits included Medicare reimbursement.
The State Health Benefits Commission is the executive body established by statute to be responsible for the operation of the S.H.B.P. The State of New Jersey Division of Pensions and Benefits issues a publicly available financial report that includes financial statements and required supplementary information for the S.H.B.P. That report may be obtained by writing to: State of New Jersey Division of Pensions and Benefits, P.O. Box 295, Trenton, NJ 08625-0295 or by visiting their website at www.state.nj.us/treasurv/pensions/.
## Funding Policy
Participating employers are contractually required to contribute based on the amount of premiums attributable to their retirees. Post-retirement medical benefits under the plan have been funded on a pay-as-you-go basis since 1994. Prior to 1994, medical benefits were funded on an actuarial basis.
===== PAGE 60 =====
# TOWNSHIP OF JACKSON NOTES TO FINANCIAL STATEMENTS (continued): FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 18. Other Post Retirement Benefits – GASB 45 (continued):
Contributions to pay for the health premiums of participating retirees in the S.H.B.P. are billed to the Township on a monthly basis.
The Township funds these benefits on a pay-as-you-go basis and therefore does not record accrued expenses related to these benefits.
### Note 19. Self-Insurance
The Township is exposed to various risks of loss related to torts, theft of, damage to and destruction of assets; error or omission, injuries to employees; and natural disaster. The Township is a member of the Ocean County Municipal Joint Insurance Fund ("JIF"). The Joint Insurance pool is a public entity risk pool currently operating as a common risk management and insurance program for municipalities established for the purpose of insuring against property damage, general liability, motor vehicle and
### Note 20. Accounts Receivable
Accounts receivable at December 31, 2014 consisted of intergovernmental grants, taxes, rents and other accounts receivable. All receivables are considered collectible in full due to the stable condition of state programs and the current fiscal year guarantee of federal funds. Accounts receivable as of fiscal year end for the Township's individual major and fiduciary funds, in the aggregate, are as follows:
| State & | Trust | General |
| Current Fund | Federal Grant Fund | Other Fund | Capital Fund | | Total | |
| State Aid | $ 11,697 | $ 575,824 | $ - | $ - | $ - | $ 587,521 | |
| Federal Aid | - | - | 248,591 | - | - | 248,591 | |
| Taxes | 10,550,652 | - | - | - | - | 10,550,652 | |
| Other | 20,801 | - | - | 395 | 21,196 | | |
| Total | $ 10,583,150 | $ 575,824 | $ 248,591 | $ 395 | $ 11,407,960 | | |
===== PAGE 61 =====
SUPPLEMENTAL EXHIBITS
===== PAGE 62 =====
(THIS PAGE INTENTIONALLY LEFT BLANK)
===== PAGE 63 =====
## CURRENT FUND
===== PAGE 64 =====
(THIS PAGE INTENTIONALLY LEFT BLANK)
===== PAGE 65 =====
## TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF CASH AND CASH EQUIVALENTS FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ | 9,986,194 |
| Increased by Receipts: | | | |
| Nonbudget Revenues | $ | 521,226 | |
| 2014 Budget Refunds | | 791,650 | |
| Taxes Receivable | | 144,603,020 | |
| Tax Title Liens | | 12,494 | |
| Revenue Accounts Receivable | | 6,215,884 | |
| Prepaid Taxes | | 557,812 | |
| State of New Jersey (Ch.29, P.L.1971) | | 519,499 | |
| Interfunds | | 3,465,043 | |
| Reserve for FEMA Reimbursements | | 1,028,065 | |
| Reserve for Police Cars | | 61,168 | |
| Due to State of New Jersey - Construction Fees | | 62,164 | |
| Due to State of New Jersey - Marriage Licenses | | 6,980 | |
| Total Receipts | 157,845,005 |
| Subtotal | 167,831,199 |
| Decreased by Disbursements: | | | |
| 2014 Appropriations | | 33,962,887 | |
| 2013 Reserved Appropriations | | 1,017,865 | |
| Accounts Payable | | 29,575 | |
| Tax Overpayments | | 111,918 | |
| County Taxes Payable | | 26,339,941 | |
| Local School District Tax | | 81,958,272 | |
| Special District Taxes | | 5,614,930 | |
| Reserve for Master Plan | | 1,354 | |
| Reserve for Hurricane Sandy-PDW | | 1,227 | |
| Reserve for Hurricane Sandy | | 1,051,865 | |
| Note Payable | | 621,287 | |
| Due to State of New Jersey - Construction Fees | | 52,573 | |
| Due to State of New Jersey - Marriage Licenses | | 6,780 | |
| Due to Municipal Open Space Trust Fund | | 1,334,794 | |
| Interfunds | | 5,060,428 | |
| Total Disbursements | 157,165,696 |
| Balance December 31, 2014 | $ | 10,665,503 |
===== PAGE 66 =====
##### TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF DUE FROM STATE - P.L. 1971, C.20 FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | | $ | 19,694 |
| Increased by: | | | |
| Deductions per Tax Duplicate: | | | |
| Senior Citizens's | $ | 70,750 | |
| Veteran's | | 448,500 | |
| Deductions Allowed by Tax Collector: | | | |
| 2014 Senior Citizen Deductions | | 4,250 | |
| 2014 Veteran Deductions | | 8,000 | |
| Prior Years | | 2,430 | 533,930 |
| Subtotal | | | 553,624 |
| Decreased by: | | | |
| Received from State of New Jersey | | 519,499 | |
| Charge Back for Prior Year | | | |
| Prior Years Senior Citizen's & Veteran's | | 11,251 | |
| Deductions Disallowed by Tax Collector: | | | |
| Current Year | | 10,927 | |
| Prior Years Senior Citizen's & Veteran's | | 250 | 541,927 |
| Balance December 31, 2014 | | $ | 11,697 |
===== PAGE 67 =====
TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF TAXES RECEIVABLE AND ANALYSIS OF PROPERTY TAX LEVY FOR THE YEAR ENDED DECEMBER 31, 2014
| YEAR | BALANCE DECEMBER 31, 2013 | 2014 LEVY | ADDED TAXES | COLLECTED | DUE FROM STATE OF NEW JERSEY | CANCELED | OVERPAYMENTS APPLIED | TRANSFERED TO TAX TITLE LIENS | BALANCE DECEMBER 31, 2014 |
| 2013 | 2014 |
| 2009 | - | - | - | - | - | - | 7,889 | (7,889) | - | - |
| 2010 | 10,079 | - | - | - | 3,825 | - | 9,095 | (9,095) | 4,242 | 2,012 |
| 2011 | 20,474 | - | - | - | 7,581 | - | 15,448 | (15,449) | 543 | 12,351 |
| 2012 | 51,751 | - | - | - | 36,000 | - | 32,455 | (32,455) | 549 | 15,202 |
| 2013 | 1,793,771 | - | 11,501 | - | 1,725,733 | - | 60,803 | (59,638) | 20,968 | 57,406 |
| Total | 1,876,075 | - | 11,501 | - | 1,773,139 | - | 125,690 | (124,526) | 26,302 | 86,971 |
| 2014 | - | 145,060,131 | 544,088 | 627,663 | 142,202,218 | 520,573 | 176,019 | 1,758 | 253,550 | 1,822,438 |
| Total | $ 1,876,075 | $ 145,060,131 | $ 555,589 | $ 627,663 | $ 143,975,357 | $ 520,573 | $ 301,709 | $ (122,768) | $ 279,852 | $ 1,909,409 |
ANALYSIS OF 2014 PROPERTY TAX LEVY
| General Purpose | $ 139,445,201 |
| Special District Tax | 5,614,930 |
| Added Taxes (54:4-63.1 et seq) | 544,088 |
| Total | $ 145,604,219 |
| TAX LEVY: |
| Local School Tax | $ 81,958,272 |
| County Taxes (Abstract) | $ 26,271,391 | | |
| County Added & Omitted Taxes | | 102,835 | 26,374,226 |
| Special District Taxes | | | 5,614,930 |
| Municipal Open Space | | | 1,334,794 |
| Local Tax for Municipal Purposes | | 29,785,262 | |
| Add: Additional Taxes Levied | | 536,735 | 30,321,997 |
| Total | $ 145,604,219 |
===== PAGE 68 =====
# TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF TAX TITLE LIENS FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | | $ 2,055,182 |
| Increased by: | | |
| Transfer from Taxes Receivable | $ 282,918 | |
| Interest & Costs on Taxes | 9,437 | 292,355 |
| Subtotal | | 2,347,537 |
| Decreased by: | | |
| Cancellation | | 12,494 |
| Balance December 31, 2014 | | 2,335,043 < /td > < /tr > < tr > < td colspan = "2" > SCHEDULE OF PROPERTY ACQUIRED FOR TAXESnFOR THE YEAR ENDED DECEMBER 31, 2014 < /td > < td style = 'text-align: center; word-wrap: break-word;' > EXHIBIT A-8 < /td > < /tr > < tr > < td style = 'text-align: center; word-wrap: break-word;' > Balance December 31, 2013 < /td > < td style = 'text-align: center; word-wrap: break-word;' > < /td > < td style = 'text-align: center; word-wrap: break-word;' > 6,318,700 |
| Increased by: | | |
| Adjust to Assessed Valuation | | 12,500 |
| Balance December 31, 2014 | | $ 6,306,200 |
===== PAGE 69 =====
## TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF REVENUE ACCOUNTS RECEIVABLE FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | ACCRUED IN 2014 | COLLECTED | BALANCE DECEMBER 31, 2014 |
| Clerk: | | | | |
| Alcoholic Beverage Licenses | $ - | $ 39,050 | $ 39,050 | $ - |
| Other Licenses | - | 34,706 | 34,706 | - |
| Fees & Permits | - | 176,863 | 176,863 | - |
| Municipal Court: | | | | |
| Fines & Costs | 30,432 | 517,553 | 527,184 | 20,801 |
| Tax Collector: | | | | |
| Interest & Costs on Taxes | - | 414,462 | 414,462 | - |
| Interest on Investments & Deposits | - | 31,729 | 31,729 | - |
| Housing and Commercial CCO's | - | 116,400 | 116,400 | - |
| Consolidated Municipal Property Tax Relief | - | 135,931 | 135,931 | - |
| Energy Receipts Tax | - | 3,216,218 | 3,216,218 | - |
| Garden State Trust Fund | - | 56,290 | 56,290 | - |
| Uniform Construction Code Fees | - | 1,098,204 | 1,098,204 | - |
| Cablevision Franchise Fee | - | 232,347 | 232,347 | - |
| Shared Service Agreement - BOE | - | 76,500 | 76,500 | - |
| Capital Fund Balance | - | 60,000 | 60,000 | - |
| Total | $ 30,432 | $ 6,206,253 | $ 6,215,884 | $ 20,801 |
| Cash Receipts | $ 6,215,884 |
===== PAGE 70 =====
TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF 2013 APPROPRIATION RESERVES FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | RESERVE FOR ENCUMBRANCES | BALANCE AFTER TRANSFERS | PAID OR CHARGED | BALANCE LAPSED | OVER- EXPENDITURE |
| General Government: | | | | | | |
| Administrative Executive: | | | | | | |
| Salaries and Wages | $ 1,749 | $ - | $ 1,749 | $ 192 | $ 1,557 | - |
| Other Expenses | 29,928 | 848 | 30,776 | 5,081 | 25,695 | - |
| Human Services: | | | | | | |
| Salaries and Wages | 1,336 | - | 1,336 | - | 1,336 | - |
| Other Expenses | 1,824 | 538 | 2,362 | 1,513 | 849 | - |
| Township Council: | | | | | | |
| Other Expenses | 522 | 53 | 575 | 105 | 470 | - |
| Election: | | | | | | |
| Salaries and Wages | 9,067 | - | 9,067 | - | 9,067 | - |
| Other Expenses | 8,984 | - | 8,984 | - | 8,984 | - |
| Municipal Clerk: | | | | | | |
| Salaries and Wages | 1,195 | - | 1,195 | - | 1,195 | - |
| Other Expenses | 5,614 | 4,374 | 9,988 | 4,553 | 5,435 | - |
| Mayor Office: | | | | | | |
| Salaries and Wages | 6,000 | - | 6,000 | - | 6,000 | - |
| Other Expenses | 3,314 | 1,816 | 5,130 | 1,945 | 3,185 | - |
| Financial Administration: | | | | | | |
| Salaries and Wages | 5,911 | - | 5,911 | (192) | 6,103 | - |
| Other Expenses | 14,431 | 6,817 | 21,248 | 4,162 | 17,086 | - |
| Audit Services: | | | | | | |
| Other Expenses | - | 41,500 | 41,500 | 41,500 | - | - |
| Data Processing: | | | | | | |
| Salaries and Wages | 1,353 | - | 1,353 | - | 1,353 | - |
| Other Expenses | 7,467 | 1,884 | 9,351 | 1,827 | 7,524 | - |
| Collection of Taxes: | | | | | | |
| Salaries and Wages | 781 | - | 781 | - | 781 | - |
| Other Expenses | 8,450 | 8,262 | 16,712 | 9,845 | 6,867 | - |
| Assessment of Taxes: | | | | | | |
| Salaries and Wages | 1,875 | - | 1,875 | (77) | 1,952 | - |
| Other Expenses | 2,112 | 3,981 | 6,093 | 5,420 | 673 | - |
| Purchasing: | | | | | | |
| Salaries and Wages | 1,208 | - | 1,208 | - | 1,208 | - |
| Other Expenses | 100 | 3,234 | 3,334 | 3,002 | 332 | - |
| Legal Services & Costs: | | | | | | |
| Other Expenses | 62,933 | - | 62,933 | 29,565 | 33,368 | - |
===== PAGE 71 =====
TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF 2013 APPROPRIATION RESERVES FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | RESERVE FOR ENCUMBRANCES | BALANCE AFTER TRANSFERS | PAID OR CHARGED | BALANCE LAPSED | OVER- EXPENDITURE |
| Engineering Services & Costs: | | | | | | |
| Salaries and Wages | 1,538 | - | 1,538 | - | 1,538 | - |
| Other Expenses | 1,985 | 64,322 | 66,307 | 65,552 | 755 | - |
| Historical Commission: | | | | | | |
| Other Expenses | 125 | - | 125 | - | 125 | - |
| Community Alliance-Alcoholism & Drugs: | | | | | | |
| Salaries and Wages | 1,045 | - | 1,045 | - | 1,045 | - |
| Other Expenses | 100 | - | 100 | - | 100 | - |
| Mayor's Community Advisory Board: | | | | | | |
| Other Expenses | 50 | - | 50 | - | 50 | - |
| Economic Development Advisory Board: | | | | | | |
| Other Expenses | 1,175 | - | 1,175 | - | 1,175 | - |
| Planning/Zoning Boards: | | | | | | |
| Salaries and Wages | 1,170 | - | 1,170 | 250 | 920 | - |
| Other Expenses | 17,459 | 720 | 18,179 | 2,263 | 15,916 | - |
| Maintenance of Tax Maps: | | | | | | |
| Other Expenses | 2,424 | 4,742 | 7,166 | 6,451 | 715 | - |
| Rent Leveling Board: | | | | | | |
| Salaries and Wages | 1,770 | - | 1,770 | 210 | 1,560 | - |
| Other Expenses | 7,075 | - | 7,075 | 5,113 | 1,962 | - |
| Code Enforcement - Other: | | | | | | |
| Salaries and Wages | 11,953 | - | 11,953 | 3,709 | 8,244 | - |
| Other Expenses | 1,588 | 1,762 | 3,350 | 1,748 | 1,602 | - |
| Community Development & Enforcement: | | | | | | |
| Salaries and Wages | 144 | - | 144 | - | 144 | - |
| Other Expenses | 21 | 2,050 | 2,771 | 2,584 | 187 | - |
| Commercial Building Standards: | | | | | | |
| Salaries and Wages | 5,000 | - | 5,000 | - | 5,000 | - |
| Other Expenses | 250 | - | 250 | - | 250 | - |
| Insurance: | | | | | | |
| General Liability | 51,802 | - | 51,802 | 16,525 | 35,277 | - |
| Workers Compensation | 125 | - | 125 | - | 125 | - |
| Employee Group Health | 120,194 | 7,944 | 128,138 | 8,326 | 119,812 | - |
| Health Benefit Waiver | 2,120 | - | 2,120 | - | 2,120 | - |
| Police Department: | | | | | | |
| Salaries and Wages | 40,762 | - | 40,762 | 40,531 | 231 | - |
| Other Expenses | 11,757 | 36,065 | 67,822 | 66,327 | 1,495 | - |
| Police Dispatch/911: | | | | | | |
===== PAGE 72 =====
TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF 2013 APPROPRIATION RESERVES FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | RESERVE FOR ENCUMBRANCES | BALANCE AFTER TRANSFERS | PAID OR CHARGED | BALANCE LAPSED | OVER- EXPENDITURE |
| Salaries and Wages | 44,511 | - | 24,511 | 9,893 | 14,618 | - |
| Emergency Management: | | | | | | |
| Salaries and Wages | 4,611 | - | 4,611 | - | 4,611 | - |
| Other Expenses | 1,062 | 14,288 | 15,350 | 14,455 | 895 | - |
| Aid to Volunteer Ambulance: | | | | | | |
| Other Expenses | - | 15,000 | 15,000 | 15,000 | - | - |
| Municipal Prosecutor: | | | | | | |
| Other Expenses | 1,385 | 3,333 | 4,718 | 3,333 | 1,385 | - |
| Juvenile Conference Committee: | | | | | | |
| Salaries and Wages | 600 | - | 600 | 19 | 581 | - |
| Other Expenses | 25 | - | 25 | - | 25 | - |
| Streets & Roads Maintenance: | | | | | | |
| Salaries and Wages | 68,326 | - | 63,326 | 6,073 | 57,253 | - |
| Other Expenses | 1,144 | 58,130 | 59,274 | 52,428 | 6,846 | - |
| Snow Removal: | | | | | | |
| Other Expenses | 61,070 | 67,374 | 128,444 | 66,652 | 61,792 | - |
| Shade Tree Commission: | | | | | | |
| Salaries and Wages | 110 | - | 110 | 29 | 81 | - |
| Other Expenses | 3,909 | 100 | 4,009 | 727 | 3,282 | - |
| Solid Waste Collection: | | | | | | |
| Salaries and Wages | 2,822 | - | 2,822 | 203 | 2,619 | - |
| Other Expenses | 12,256 | 89,624 | 101,880 | 89,624 | 12,256 | - |
| Buildings & Grounds: | | | | | | |
| Salaries and Wages | 19,425 | - | 17,425 | 1,201 | 16,224 | - |
| Other Expenses | 16,882 | 44,507 | 61,389 | 41,956 | 19,433 | - |
| Vehicle Maintenance: | | | | | | |
| Salaries and Wages | 10,726 | - | 10,726 | 1,833 | 8,893 | - |
| Other Expenses | 51,508 | 80,942 | 128,950 | 60,828 | 68,122 | - |
| Community Services Act: | | | | | | |
| Other Expenses | - | 143,364 | 143,364 | 143,364 | - | - |
| Public Health Services: | | | | | | |
| Salaries and Wages | 4,195 | - | 4,195 | 1,086 | 3,109 | - |
| Other Expenses | 482 | 193 | 675 | 193 | 482 | - |
| Environmental Health Services- | | | | | | |
| Environmental Commission: | | | | | | |
| Salaries and Wages | 250 | - | 250 | - | 250 | - |
| Other Expenses | 100 | - | 100 | - | 100 | - |
| Animal Control Services: | | | | | | |
| Salaries and Wages | 16,933 | - | 16,933 | 4,784 | 12,149 | - |
===== PAGE 73 =====
TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF 2013 APPROPRIATION RESERVES FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | RESERVE FOR ENCUMBRANCES | BALANCE AFTER TRANSFERS | PAID OR CHARGED | BALANCE LAPSED | OVER- EXPENDITURE |
| Other Expenses | 18,479 | 1,876 | 19,655 | 7,972 | 11,683 | - |
| Going Green Committee: | | | | | | |
| Other Expenses | 25 | - | 25 | - | 25 | - |
| Recreation Services & Programs: | | | | | | |
| Salaries and Wages | 15,596 | - | 12,096 | 38 | 12,058 | - |
| Other Expenses | 2,972 | 2,949 | 5,921 | 2,757 | 3,164 | - |
| Office for the Golden Age: | | | | | | |
| Salaries and Wages | 5,981 | - | 9,481 | 8,913 | 568 | - |
| Other Expenses | 3,313 | 888 | 4,201 | 1,914 | 2,287 | - |
| Handicapped Committee: | | | | | | |
| Salaries and Wages | 533 | - | 533 | 220 | 313 | - |
| Other Expenses | 7,062 | 162 | 7,224 | 147 | 7,077 | - |
| Park Maintenance: | | | | | | |
| Other Expenses | 166 | - | 166 | - | 166 | - |
| Municipal Court: | | | | | | |
| Salaries and Wages | 24,850 | - | 24,850 | 1,451 | 23,399 | - |
| Other Expenses | 5,326 | 3,621 | 8,947 | 4,010 | 4,937 | - |
| Postage & Photocopy: | | | | | | |
| Other Expenses | 11,231 | 6,098 | 17,329 | 6,098 | 11,231 | - |
| Utility Expenses & Bulk Purchases: | | | | | | |
| Electricity | 134,970 | 55,150 | 185,120 | 96,408 | 88,712 | - |
| Street Lighting | 78,616 | - | 78,616 | 35,765 | 42,851 | - |
| Telecommunication Costs | 1,562 | 4,570 | 11,132 | 6,644 | 4,488 | - |
| Water | 2,500 | - | 1,000 | - | 1,000 | - |
| Natural Gas | 10,985 | 7,000 | 29,985 | 23,213 | 6,772 | - |
| Heating Oil | 5,000 | - | 5,000 | - | 5,000 | - |
| Fuel & Petroleum Products | 324 | 96,160 | 96,484 | 83,898 | 12,586 | - |
| Landfill/Solid Waste Disposal Costs: | | | | | | |
| Other Expenses | 18,260 | 23,725 | 41,985 | 25,530 | 16,455 | - |
| Legler Landfill - Postclosure Monitoring: | | | | | | |
| Other Expenses | 5,000 | 331 | 5,331 | 3,331 | 2,000 | - |
| Uniform Construction Code: | | | | | | |
| Construction Code Department: | | | | | | |
| Salaries and Wages | 9,896 | - | 9,896 | 5,080 | 4,816 | - |
| Other Expenses | 156 | 1,357 | 1,513 | 1,380 | 133 | - |
| Statutory Expenditures: | | | | | | |
| Social Security System (O.A.S.I.) | 80,350 | - | 80,350 | 7,057 | 73,293 | - |
===== PAGE 74 =====
TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF 2013 APPROPRIATION RESERVES FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | RESERVE FOR ENCUMBRANCES | BALANCE AFTER TRANSFERS | PAID OR CHARGED | BALANCE LAPSED | OVER- EXPENDITURE |
| Defined Contribution Retirement Program | 20 | - | 20 | - | 20 | - |
| Service Contracts: | | | | | | |
| Sewer & Water Purposes - MUA | 600 | - | 600 | - | 600 | - |
| Relocation Assistance | 2,000 | - | 2,000 | - | 2,000 | - |
| Recycling Tax | 10,000 | - | 10,000 | 451 | 9,549 | - |
| LOSAP | 5,000 | 22,000 | 27,000 | 22,000 | 5,000 | - |
| Matching Funds for Grants | 5,365 | - | 5,365 | - | 5,365 | - |
| Judgements | 2,569 | - | 2,569 | - | 2,569 | - |
| Total General Appropriations | $ 1,248,825 | $ 933,654 | $ 2,182,479 | $ 1,185,988 | $ 996,491 | $ - |
Cash Disbursements $ 1,017,865
Accounts Payable 168,123
Total $1,185,988
===== PAGE 75 =====
# TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF ACCOUNTS PAYABLE FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | | $ 404,530 |
| Increased by: | | |
| Appropriation Reserves Charged | | 168,123 |
| Subtotal | | 572,653 |
| Decreased by: | | |
| Cash Disbursed | $ 29,575 | |
| Cancelled | 244,868 | 274,443 |
| Balance December 31, 2014 | | $ 298,210 |
| SCHEDULE OF RESERVE FOR ENCUMBRANCES FOR THE YEAR ENDED DECEMBER 31, 2014 |
| EXHIBIT A-12 |
| Balance December 31, 2013 | | $ 933,654 |
| Increased by: | | |
| 2014 Budget Appropriations | | 1,905,761 |
| Subtotal | | 2,839,415 |
| Decreased by: | | |
| Transfer to Appropriation Reserves | | 933,654 |
| Adjustment | | 685,770 |
| Balance December 31, 2014 | | $ 1,219,991 |
===== PAGE 76 =====
# TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF PREPAID TAXES FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ 627,663 |
| Increased by: | |
| 2014 Tax Collectionsions | 557,812 |
| Subtotal | 1,185,475 |
| Decreased by: | |
| Applied to 2014 Taxes Receivable | 627,663 |
| Balance December 31, 2014 | $ 557,812 |
| SCHEDULE OF TAX OVERPAYMENTS FOR THE YEAR ENDED DECEMBER 31, 2014 |
| BALANCE DECEMBER 31, 2014 | EXHIBIT A-14 |
| BALANCE DECEMBER 31, 2013 | $ 28,997 |
| INCREASED BY: | |
| Overpayments Created | 279,431 |
| SUBTOTAL | 308,428 |
| DECREASED BY: | |
| Overpayments Applied | $ 160,034 |
| Cash Refunds | 111,918 |
| BALANCE DECEMBER 31, 2014 | $ 36,476 |
===== PAGE 77 =====
# TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF COUNTY TAXES PAYABLE FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | | $ 68,550 |
| Increased by: | | |
| County Tax | $ 22,139,030 | |
| County Library Tax | 2,467,409 | |
| County Health Tax | 887,237 | |
| County Open Space Preservation Tax | 777,715 | |
| Due County for Added & Omitted Taxes | 102,835 | 26,374,226 |
| Subtotal | | 26,442,776 |
| Decreased by: | | |
| Payments | | 26,339,941 |
| Balance December 31, 2014 | | $ 102,835 |
| SCHEDULE OF LOCAL DISTRICT SCHOOL TAX PAYABLE FOR THE YEAR ENDED DECEMBER 31, 2014 |
| BALANCE DECEMBER 31, 2013 | | EXHIBIT A-16 |
| BALANCE DECEMBER 31, 2013 | $ - | |
| INCREASED BY: | | |
| Levy - Calendar Year 2014 | 81,958,272 | |
| SUBTOTAL | 81,958,272 | |
| DECREASED BY: | | |
| DISBURSED | 81,958,272 | |
| BALANCE DECEMBER 31, 2014 | $ - | |
===== PAGE 78 =====
# TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF SPECIAL DISTRICT TAXES PAYABLE FOR THE YEAR ENDED DECEMBER 31, 2014
Balance December 31, 2013
| Balance December 31, 2013 | | $ - |
| Increased by: | | |
| Fire Districts Levy: | | |
| Whitesville Fire District #1 | $ 503,000 | |
| Cassville Fire District #2 | 1,102,503 | |
| Hulses Corner Fire District #3 | 2,524,098 | |
| Jackson Mills Fire District #4 | 1,485,329 | 5,614,930 |
| Subtotal | | 5,614,930 |
| Decreased by: | | |
| Disbursed | | 5,614,930 |
| Balance December 31, 2014 | | $ - |
EXHIBIT A-18 SCHEDULE OF DUE TO STATE OF NEW JERSEY - CONSTRUCTION FEES FOR THE YEAR ENDED DECEMBER 31, 2014
| FOR THE YEAR ENDED DECEMBER 31, 2014 |
| Balance December 31, 2013 | $ 14,176 |
| Increased by: | |
| Collections | 62,164 |
| Subtotal | 76,340 |
| Decreased by: | |
| Disbursed | 52,573 |
| Balance December 31, 2014 | $ 23,767 |
| SCHEDULE OF DUE TO STATE OF NEW JERSEY - MARRIAGE LICENSE FEES |
| FOR THE YEAR ENDED DECEMBER 31, 2014 |
| Balance December 31, 2013 | $ 1,325 |
| Increased by: | |
| Collections | 6,980 |
| Subtotal | 8,305 |
| Decreased by: | |
| Disbursed | 6,780 |
| Balance December 31, 2014 | $ 1,525 |
===== PAGE 79 =====
# TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF RESERVE FOR REVALUATION PROGRAM FOR THE YEAR ENDED DECEMBER 31, 2014
Balance December 31, 2014 & 2013
$5,743
SCHEDULE OF DUE TO MUNICIPAL OPEN SPACE TRUST FUND FOR THE YEAR ENDED DECEMBER 31, 2014
EXHIBIT A-21
| Balance December 31, 2013 | | $ - |
| Increased by: | | |
| Open Space Tax | $ 1,329,594 | |
| Added & Omitted Taxes | 5,200 1,334,794 | |
| Subtotal | | 1,334,794 |
| Decreased by: | | |
| Cash Disbursed | | 1,334,794 |
| Balance December 31, 2014 | | $ - |
| SCHEDULE OF RESERVE FOR GARDEN STATE TRUST FUND\nFOR THE YEAR ENDED DECEMBER 31, 2014 | EXHIBIT A-22 |
| Balance December 31, 2013 | | $ 1 |
| Increased by: | | |
| Cash Receipts | | 56,290 |
| Subtotal | | 56,291 |
| Decreased by: | | |
| Utilized as Anticipated Revenue | | 56,290 |
| Balance December 31, 2014 | | $ 1 |
===== PAGE 80 =====
# TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF RESERVE FOR STATE BOARD OF TAXATION APPEALS FOR THE YEAR ENDED DECEMBER 31, 2014
Balance December 31, 2014 & 2013
SCHEDULE OF RESERVE FOR MASTER PLAN FOR THE YEAR ENDED DECEMBER 31, 2014
EXHIBIT A-24
| Balance December 31, 2013 | $ 26,577 |
| Decreased by: | |
| Disbursements | 1,354 |
| Balance December 31, 2014 | $ 25,223 |
| SCHEDULE OF RESERVE FOR SKATE PARK FOR THE YEAR ENDED DECEMBER 31, 2014 | EXHIBIT A-25 |
| Balance December 31, 2014 & 2013 | $ 2,118 |
===== PAGE 81 =====
EXHIBIT A-28
EXHIBIT A-27
| Balance December 31, 2014 & 2013 | $ 915,250 |
# TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF RESERVE FOR COAH STATE PLAN FOR THE YEAR ENDED DECEMBER 31, 2014
## SCHEDULE OF RESERVE FOR FEMA REIMBURSEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ 584,765 |
| Increased by: | |
| FEMA Reimbursements | 1,028,065 |
| Subtotal | 1,612,830 |
| Decreased by: | |
| Adopted Budget | 621,287 |
| Balance December 31, 2014 | $ 991,543 |
## SCHEDULE OF RESERVE FOR HURRICANE SANDY FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ 1,105,528 |
| Decreased by: | |
| Cash Disbursements | 1,051,865 |
| Balance December 31, 2014 | $ 53,663 |
===== PAGE 82 =====
# TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF RESERVE FOR SCIBAL REIMBURSEMENTS - HURRICANE SANDY - DPW FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ 26,462 |
| Decreased by: | |
| Cash Disbursement | 1,227 |
| Balance December 31, 2014 | $ 25,235 |
EXHIBIT A-30
SCHEDULE OF RESERVE FOR SCIBAL REIMBURSEMENTS - HURRICANE SANDY - POLICE
FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2014 & 2013 | $ | 30,249 |
| | |
SCHEDULE OF RESERVE FOR POLICE CARS
FOR THE YEAR ENDED DECEMBER 31, 2014
EXHIBIT A-31
| Balance December 31, 2013 | $ 56,910 |
| Increased by: | |
| Cash Receipts | 61,168 |
| Balance December 31, 2014 | $ 118,078 |
===== PAGE 83 =====
## TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF INTERFUNDS - OTHER FUNDS FOR THE YEAR ENDED DECEMBER 31, 2014
| FEDERAL & STATE GRANT FUND | GENERAL CAPITAL | DOG TRUST | TRUST OTHER | TOTAL |
| Balance December 31, 2013: | | | | | |
| Interfunds Receivable | $ - | $ - | $ 26,314 | $ 9,028 | $ 35,342 |
| (Interfunds Payable) | (380,368) | (380,624) | - | - | (760,992) |
| Subtotal | (380,368) | (380,624) | 26,314 | 9,028 | (725,650) |
| Increased by: | | | | | |
| Anticipated Revenue | 1,274,301 | - | - | - | 1,274,301 |
| Cash Disbursements | 725,991 | 2,449,376 | - | 579,723 | 3,755,090 |
| Cancellation of Appropriation Reserves | 31,430 | - | - | - | 31,430 |
| Subtotal | 2,031,722 | 2,449,376 | - | 579,723 | 5,060,821 |
| Decreased by: | | | | | |
| Cash Collections: | | | | | |
| Grants Receivable | 562,985 | - | - | - | 562,985 |
| Unappropriated Funds | 214,097 | - | - | - | 214,097 |
| Interfunds Liquidated | - | 2,068,752 | 26,314 | 592,895 | 2,687,961 |
| Grant Appropriations | 1,290,662 | - | - | - | 1,290,662 |
| Cancellation of Grant Receivables | 26,926 | - | - | - | 26,926 |
| Subtotal | 2,094,670 | 2,068,752 | 26,314 | 592,895 | 4,782,631 |
| Balance December 31, 2014: | | | | | |
| Interfunds Receivable | - | - | - | - | - |
| (Interfunds Payable) | $ (443,316) | $ - | $ - | $ (4,144) | $ (447,460) |
===== PAGE 84 =====
TOWNSHIP OF JACKSON CURRENT FUND SCHEDULE OF DEFERRED CHARGES FOR THE YEAR ENDED DECEMBER 31, 2014
| DATE AUTHORIZED | PURPOSE | 1/5 OF NET AMOUNT AUTHORIZED | BALANCE DECEMBER 31, 2013 | REDUCED IN 2014 BUDGET | ADDED IN 2014 | BALANCE DECEMBER 31, 2014 |
| 2012 | Hurricane Sandy (N.J.S. 40A:4-53) | $ 1,905,000 | $ 381,000 | $ 1,524,000 | $ 621,287 | $ - |
| 2011 | Codification of Ordinances (N.J.S. 40A:4-53) | 20,130 | 4,026 | 12,078 | 4,026 | - |
| 2013 | Overexpenditure of Appropriation Reserve | 10,064 | - | 10,064 | 10,064 | - |
| | | Total | $ 1,546,142 | $ 635,377 | $ - |
===== PAGE 85 =====
## TOWNSHIP OF JACKSON FEDERAL AND STATE GRANT FUND SCHEDULE OF DUE FROM CURRENT FUND FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | | $ | 380,368 |
| Increased by: | | | |
| Deposited in Current Fund: | | | |
| Unappropriated Reserves | $ | 214,097 | |
| Grants Receivable | | 562,985 | |
| Cancellation of Grants Receivable | | 26,926 | |
| 2014 Budget Appropriations | | 1,290,662 | 2,094,670 |
| Subtotal | | | 2,475,038 |
| Decreased by: | | | |
| Disbursed by Current Fund: | | | |
| Appropriated Reserves | | 725,991 | |
| Cancellation of Appropriated Reserves | | 31,430 | |
| 2014 Anticipated Revenue | | 1,274,301 | 2,031,722 |
| Balance December 31, 2014 | | $ | 443,316 |
===== PAGE 86 =====
TOWNSHIP OF JACKSON FEDERAL AND STATE GRANT FUND SCHEDULE OF STATE AND FEDERAL GRANTS RECEIVABLE FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | 2014 ANTICIPATED REVENUE | CASH RECEIVED | TRANSFER FROM UNAPPROPRIATED RESERVE | CANCELLED | BALANCE DECEMBER 31, 2014 |
| State Grants: | | | | | | |
| COPS in Shops - Fall College Initiative 2014 | $ - | $ 2,800 | $ 2,600 | $ - | $ - | $ 200 |
| COPS in Shops - Summer Shore Initiative 2014 | - | 2,400 | 2,310 | - | - | 90 |
| Alcohol Education & Rehabilitation 2013 | - | 2,428 | - | 2,428 | - | - |
| Drive Sober or Get Pulled Over 2012 | - | 7,500 | - | - | - | 7,500 |
| Pedestrian Safety Grant 2012 | 15,000 | - | - | - | 15,000 | - |
| Emergency Response Grant 2014 | - | 13,600 | - | - | - | 13,600 |
| Clean Communities 2013 | - | 94,305 | - | 94,305 | - | - |
| Green Communities | - | 3,000 | - | - | - | 3,000 |
| Recycling Tonnage 2013 | - | 59,029 | - | 59,029 | - | - |
| Drunk Driving Enforcement Fund 2014 | - | 10,508 | - | 10,508 | - | - |
| NJ Body Armor Replacement Grant 2013 | - | 9,405 | - | 9,405 | - | - |
| Municipal Alliance Alcohol & Drug Alliance 2013 | 20,906 | - | 15,667 | - | 5,239 | - |
| Municipal Alliance Alcohol & Drug Alliance 2014 | - | 48,644 | 7,833 | - | 5,437 | 35,374 |
| NJ Handicapped Recreational Opportunities 2013 | 15,000 | - | 15,000 | - | - | - |
| NJ Handicapped Recreational Opportunities 2014 | - | 15,000 | - | - | - | 15,000 |
| Click It or Ticket 2013 | 300 | - | - | - | 300 | - |
| Click It or Ticket 2014 | - | 4,000 | 3,050 | - | 950 | - |
| Safe & Secure Neighborhood 2013 | 15,603 | - | 15,603 | - | - | - |
| Safe & Secure Neighborhood 2014 | - | 28,805 | 13,202 | - | - | 15,603 |
| OC Cultural & Heritage Comm 2013 | 300 | - | 300 | - | - | - |
| OC Cultural & Heritage Comm 2014 | - | 1,200 | 960 | - | - | 240 |
| NJ-DOT Municipal Aid-Wright Debow '14 | - | 328,967 | - | - | - | 328,967 |
| NJ-DOT Municipal Aid- Brewers Bridge | - | 325,000 | 243,750 | - | - | 81,250 |
| NJ-DOT Local Aid- Sidewalks | - | 300,000 | 225,000 | - | - | 75,000 |
| Total State | 67,109 | 1,256,591 | 545,275 | 175,675 | 26,926 | 575,824 |
| Federal Grants: | | | | | | |
| OCDOF Senior Citizen Information Grant 2013 | - | 17,710 | 17,710 | - | - | - |
| Total Federal | - | 17,710 | 17,710 | - | - | - |
| Total | $ 67,109 | $ 1,274,301 | $ 562,985 | $ 175,675 | $ 26,926 | $ 575,824 |
===== PAGE 87 =====
TOWNSHIP OF JACKSON FEDERAL AND STATE GRANT FUND SCHEDULE OF STATE AND FEDERAL GRANTS - APPROPRIATED FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | TRANSFERRED FROM 2014 BUDGET | PRIOR YEAR ENCUMBRANCES | EXPENDED | RESERVE FOR ENCUMBRANCES | REFUND | CANCELLED | BALANCE DECEMBER 31, 2014 |
| State Grants: | | | | | | | | |
| Handicapped Recreation Opportunities - 2013 | $18,000 | $- | $- | $18,000 | $- | $- | $- | $- |
| Handicapped Recreation Opportunities - 2014 | - | 18,000 | - | 2,508 | 2,200 | - | - | 13,292 |
| Click It or Ticket - 2013 | 300 | - | - | - | - | - | 300 | - |
| Click It or Ticket - 2014 | - | 4,000 | - | 3,050 | - | - | 950 | - |
| Recycling Tonnage Grant - 2009 | 34,748 | - | - | - | - | - | - | 34,748 |
| Recycling Tonnage Grant - 2010 | 44,675 | - | - | - | - | - | - | 44,675 |
| Recycling Tonnage Grant - 2011 | 66,707 | - | - | - | - | - | - | 66,707 |
| Recycling Tonnage Grant - 2012 | 49,031 | - | - | - | - | - | - | 49,031 |
| Recycling Tonnage Grant - 2013 | 21,408 | - | - | 19,239 | - | - | - | 2,169 |
| Recycling Tonnage Grant - 2014 | - | 59,029 | - | 20,641 | - | - | - | 38,388 |
| Body Armor Replacement Grant - 2012 | 2,471 | - | - | 2,471 | - | - | - | - |
| Body Armor Replacement Grant - 2013 | 7,418 | - | - | 4,531 | - | - | - | 2,887 |
| Body Armor Replacement Grant - 2014 | - | 9,405 | - | - | - | - | - | 9,405 |
| Drunk Driving Enforcement Fund -2012 | - | - | 75 | - | - | - | - | 75 |
| Drunk Driving Enforcement Fund -2013 | - | - | 75 | - | - | 2,690 | - | 2,765 |
| Drunk Driving Enforcement Fund -2014 | - | 10,508 | - | 1,885 | 158 | - | - | 8,465 |
| Alcohol Education & Rehabilitation - 2008 | 148 | - | - | - | - | - | - | 148 |
| Alcohol Education & Rehabilitation - 2009 | 1,502 | - | - | - | - | - | - | 1,502 |
| Alcohol Education & Rehabilitation - 2010 | 3,094 | - | - | - | - | - | - | 3,094 |
| Alcohol Education & Rehabilitation - 2012 | 1,496 | - | - | - | - | - | - | 1,496 |
| Alcohol Education & Rehabilitation - 2013 | - | 2,428 | - | - | - | - | - | 2,428 |
| Municipal Alliance - 2013 | 4,292 | - | - | - | - | - | 4,292 | - |
| Municipal Alliance - 2014 | - | 16,587 | - | 5,699 | - | - | 10,888 | - |
| Municipal Alliance - 2015 | - | 44,218 | - | 1,665 | - | - | - | 42,553 |
| Safe & Secure Communities Program 2012 | - | - | - | - | - | - | - | - |
| Safe & Secure Communities Program 2013 | 15,603 | - | - | 15,603 | - | - | - | - |
| Safe & Secure Communities Program 2014 | - | 28,805 | - | 13,202 | - | - | - | 15,603 |
| Clean Communities Program - 2012 | 3,808 | - | 243 | 3,793 | 255 | - | - | 3 |
| Clean Communities Program - 2013 | 68,423 | - | 845 | 45,671 | - | - | - | 23,597 |
| Clean Communities Program - 2014 | - | 94,305 | - | 7,158 | - | - | - | 87,147 |
| Green Communities-2013 | 2,269 | - | - | - | - | - | - | 2,269 |
| Green Communities-2014 | - | 3,000 | - | - | - | - | - | 3,000 |
| COPS in Shops - Summer Shore Initiative 201 | - | 2,400 | - | 2,400 | - | - | - | - |
| COPS in Shops - Fall College Initiative 2014 | - | 2,800 | - | 2,600 | - | - | - | 200 |
| Recycling Mini Grant | 2,907 | - | - | - | - | - | - | 2,907 |
| Drive Sober or Get Pulled Over | - | - | - | - | - | - | - | - |
| Y/E Crackdown - 2014 | - | 7,500 | - | 600 | - | - | - | 6,900 |
| Emergency Response Grant 2014 | - | 13,600 | - | - | 13,576 | - | - | 24 |
===== PAGE 88 =====
TOWNSHIP OF JACKSON FEDERAL AND STATE GRANT FUND SCHEDULE OF STATE AND FEDERAL GRANTS - APPROPRIATED FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | TRANSFERRED FROM 2014 BUDGET | PRIOR YEAR ENCUMBRANCES | EXPENDED | RESERVE FOR ENCUMBRANCES | REFUND | CANCELLED | BALANCE DECEMBER 31, 2014 |
| Pedestrian Safety Grant 2012 | 15,000 | - | - | - | - | - | 15,000 | - |
| Stormwater Management | 372 | - | - | - | - | - | - | 372 |
| Going Green Sustainable/Small Cities 2012 | 1,000 | - | - | - | - | - | - | 1,000 |
| Management Plan Grant - 2009 | - | - | - | - | - | - | - | - |
| NJ-DOT Municipal Aid-Wright Debow '14 | - | 328,967 | - | - | - | - | - | 328,967 |
| NJ-DOT Municipal Aid- Brewers Bridge | - | 325,000 | - | 325,000 | - | - | - | - |
| NJ-DOT Local Aid- Sidewalks | - | 300,000 | - | 213,665 | 86,335 | - | - | - |
| OC Heritage & Cultural Comm - 2014 | - | 2,400 | - | 1,902 | 498 | - | - | - |
| Total State Grants | 364,672 | 1,272,952 | 1,238 | 711,283 | 103,022 | 2,690 | 31,430 | 795,817 |
| Federal Grants: | | | | | | | | |
| Ocean County Office of Senior Services - Information Systems Grant 2013 | 10 | - | 187 | 187 | 10 | - | - | - |
| Information Systems Grant 2014 | - | 17,710 | - | 17,210 | 500 | - | - | - |
| Total Federal Grants | 10 | 17,710 | 187 | 17,397 | 510 | - | - | - |
| Totals | $ 364,682 | $ 1,290,662 | $ 1,425 | $ 728,680 | $ 103,532 | $ 2,690 | $ 31,430 | $ 795,817 |
===== PAGE 89 =====
# TOWNSHIP OF JACKSON FEDERAL AND STATE GRANT FUND SCHEDULE OF STATE AND FEDERAL GRANTS - UNAPPROPRIATED FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | RECEIVED 2014 | ANTICIPATED AS REVENUE | BALANCE DECEMBER 31, 2014 |
| State Grants: | | | | |
| Alcohol Education & Rehabilitation | $ 2,428 | $ 2,423 | $ 2,428 | $ 2,423 |
| NJ Body Armor | 9,405 | 7,333 | 9,405 | 7,333 |
| Clean Communities | - | 94,305 | 94,305 | - |
| Drunk Driving Enforcement Fund | 10,507 | 9,787 | 10,508 | 9,786 |
| Recycling Tonnage | 59,029 | 100,249 | 59,029 | 100,249 |
| Total State | 81,369 | 214,097 | 175,675 | 119,791 |
| Federal Grants: | | | | |
| OCDOF Senior Citizen Information Grant | - | - | - | - |
| Total Federal | - | - | - | - |
| Total | $ 81,369 | $ 214,097 | $ 175,675 | $ 119,791 |
SCHEDULE OF RESERVE FOR ENCUMBRANCES FOR THE YEAR ENDED DECEMBER 31, 2014
EXHIBIT A-38
| Balance December 31, 2013 | $ 1,426 |
| Increased by: | |
| Charged to Appropriation Reserves | 103,532 |
| Subtotal | 104,958 |
| Decreased by: | |
| Applied to Appropriated Reserves | 1,426 |
| Balance December 31, 2014 | $ 103,532 |
===== PAGE 90 =====
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===== PAGE 91 =====
===== PAGE 92 =====
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===== PAGE 93 =====
## TOWNSHIP OF JACKSON TRUST FUND SCHEDULE OF CASH - TREASURER FOR THE YEAR ENDED DECEMBER 31, 2014
| ANIMAL CONTROL TRUST FUND | OPEN SPACE TRUST FUND | TRUST OTHER FUND |
| Balance December 31, 2013 | | $ 139,043 | | $ 4,061,833 | | $ 10,911,889 |
| Increased by Receipts: | | | | | | |
| Reserve for Animal Control Trust Fund | | | | | | |
| Expenditures | $ 76,603 | | $ - | | $ - | |
| Interfund Due Current | - | | - | | 579,723 | |
| Various Reserves | - | | - | | 5,264,302 | |
| Due from Ocean County Community | | | | | | |
| Development Block Grant | - | | - | | 75,452 | |
| Reserve for Open Space | - | | 1,338,867 | | - | |
| Due to State of New Jersey | 7,068 | | - | | - | |
| Total Receipts | | 83,671 | | 1,338,867 | | 5,919,477 |
| Total | | 222,714 | | 5,400,700 | | 16,831,366 |
| Decreased by Disbursements: | | | | | | |
| Due to State of New Jersey | 7,061 | | - | | - | |
| Animal Control Trust Fund Expenditures (R.S.4:19015.11) | 87,617 | | - | | - | |
| Interfund - Current Fund | 26,314 | | - | | 592,902 | |
| Community Development Block Grant | - | | - | | 67,758 | |
| Various Reserves | - | | - | | 5,922,766 | |
| Reserve for Open Space | - | | 2,801,055 | | - | |
| Total Disbursements | | 120,992 | | 2,801,055 | | 6,583,426 |
| Balance December 31, 2014 | | $ 101,722 | | $ 2,599,645 | | $ 10,247,940 |
===== PAGE 94 =====
# TOWNSHIP OF JACKSON ANIMAL CONTROL TRUST FUND SCHEDULE OF DUE TO STATE OF NEW JERSEY FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ 5 |
| Increased by: | |
| Cash Receipts | 7,068 |
| Subtotal | 7,073 |
| Decreased by: | |
| Cash Disbursements | 7,061 |
| Balance December 31, 2014 | $ 12 |
EXHIBIT B-3
ANIMAL CONTROL TRUST FUND SCHEDULE OF RESERVE FOR ANIMAL CONTROL FUND EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | | $ 112,724 |
| Increased by: | | |
| 2014 Dog License Fees Collected | | 76,603 |
| Subtotal | | 189,327 |
| Decreased by: | | |
| Expenditures Under R.S.4:19-15:11 - Cash | $ 87,617 | |
| Due to Current Fund - Statutory Excess | - | 87,617 |
| Balance December 31, 2014 | | $ 101,710 |
LICENSE FEES COLLECTED
| YEAR | AMOUNT |
| 2013 | $ 62,569 |
| 2012 | $ 64,187 |
| Total | $ 126,756 |
===== PAGE 95 =====
# TOWNSHIP OF JACKSON TRUST OTHER FUND SCHEDULE OF INTERFUND - CURRENT FUND FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ 9,028 |
| Increased by: | |
| Cash Receipts | 579,723 |
| Subtotal | 588,751 |
| Decreased by: | |
| Cash Disbursements | 592,895 |
| Balance December 31, 2014 | $ (4,144) |
SCHEDULE OF DUE FROM COUNTY OF OCEAN COMMUNITY DEVELOPMENT BLOCK GRANT FOR THE YEAR ENDED DECEMBER 31, 2014
EXHIBIT B-5
| Balance December 31, 2013 | $ 177,460 |
| Increased by: | |
| Grant Awards 2014 | 146,583 |
| Subtotal | 324,043 |
| Decreased by: | |
| Cash Receipts | 75,452 |
| Balance December 31, 2014 | $ 248,591 |
| Analysis of Balance, December 31, 2014 | |
| CT-1512-12 | 361 |
| CT-1512-13 | 101,647 |
| CT-1512-14 | 146,583 |
| $ 248,591 |
===== PAGE 96 =====
# TOWNSHIP OF JACKSON TRUST OTHER FUND SCHEDULE OF RESERVE FOR COMMUNITY DEVELOPMENT BLOCK GRANT EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ 162,361 |
| Increased by: | |
| Community Development Block Grants | 146,583 |
| Subtotal | 308,944 |
| Decreased by: | |
| Cash Disbursed | 67,758 |
| Balance December 31, 2014 | $ 241,186 |
===== PAGE 97 =====
TOWNSHIP OF JACKSON TRUST OTHER FUND SCHEDULE OF VARIOUS RESERVES FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | INCREASES | DECREASES | ADJUSTMENTS | BALANCE DECEMBER 31, 2014 |
| Reserve for: | | | | | |
| Municipal Alliance | $ 1,144 | $ 150 | $ - | $ - | $ 1,294 |
| Developer Escrow | 4,824,856 | 575,979 | 1,232,335 | - | 4,168,500 |
| Recreation Trust | 214,745 | 652,950 | 633,109 | - | 234,586 |
| Handicapped Commission | 11,681 | 17,123 | 11,234 | - | 17,570 |
| Tax Title Liens Premiums/ Redemptions | 1,087,364 | 2,555,658 | 2,263,968 | - | 1,379,054 |
| Unemployment Trust | 264,763 | 22,943 | 35,068 | - | 252,638 |
| Parking Offense Adjudication Ac | 1,864 | 186 | - | - | 2,050 |
| Recycling Trust | 462,126 | 144,801 | 111,099 | - | 495,828 |
| Harmony Trust | 474 | - | - | - | 474 |
| Special Law Enforcement Fund | 49,769 | 56,468 | 25,204 | - | 81,033 |
| Public Defender Fees | 19,862 | 36,116 | 27,200 | - | 28,778 |
| Industrial Commission | 1 | - | - | 1 | - |
| Tree Escrow | 651,730 | 10,765 | 40,865 | - | 621,630 |
| Sick Leave Trust Fund | 256,794 | 150,000 | 142,704 | - | 264,090 |
| Off Duty Police | 80,395 | 672,611 | 608,345 | - | 144,661 |
| Youth Advisory | 72 | - | - | - | 72 |
| Management of Feral Cats | 47 | - | - | - | 47 |
| Snow Removal | 300,349 | 135,650 | 216,645 | - | 219,354 |
| C.O.A.H. | 1,706,578 | 176,296 | 174,187 | - | 1,708,687 |
| Clean Communities Donation | 19,190 | 17,375 | 34,508 | - | 2,057 |
| Developers Contribution Curbs & Sidewalks | 103,920 | 38,260 | 10,040 | - | 132,140 |
| Detention Basin | 860,073 | 966 | 356,256 | - | 504,783 |
| Section 125 Flex Spending | 163 | - | - | - | 163 |
| Total | $ 10,917,960 | $ 5,264,297 | $ 5,922,767 | $ 1 | $ 10,259,489 |
===== PAGE 98 =====
# TOWNSHIP OF JACKSON OPEN SPACE TRUST FUND SCHEDULE OF RESERVE FOR OPEN SPACE FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | | $ | 4,061,833 |
| Increased by: | | | |
| Open Space Tax levy | $ | 1,329,594 | |
| Open Space Added/Omitted Levy | | 5,200 | |
| Interest Earned | | 4,073 | 1,338,867 |
| Subtotal | | | 5,400,700 |
| Decreased by: | | | |
| Payment of Bond Principal | | 560,000 | |
| Interest on Bonds | | 119,380 | |
| Purchases | | 2,121,675 | 2,801,055 |
| Balance December 31, 2014 | | $ | 2,599,645 |
===== PAGE 99 =====
# TOWNSHIP OF JACKSON LENGTH OF SERVICE AWARD PROGRAM FUND ("LOSAP") SCHEDULE OF FUNDS HELD BY TRUSTEE FOR THE YEAR ENDED DECEMBER 31, 2014
| FOR THE YEAR ENDED DECEMBER 31, 2014 |
| Balance December 31, 2013 | $ 112,314 |
| Increased by: | |
| Township Contributions | |
| Appreciation | 4,221 |
| Subtotal | 116,535 |
| Decreased by: | |
| Fees | - |
| Balance December 31, 2014 | $ 116,535 |
| SCHEDULE OF RESERVE FOR LENGTH OF SERVICE AWARD PROGRAM FOR THE YEAR ENDED DECEMBER 31, 2014 |
| Balance December 31, 2013 | $ 112,314 |
| Increased by: | |
| Township Contributions | |
| Appreciation | 4,221 |
| Subtotal | 116,535 |
| Decreased by: | |
| Fees | - |
| Balance December 31, 2014 | $ 116,535 |
===== PAGE 100 =====
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===== PAGE 101 =====
GENERAL CAPITAL FUND
===== PAGE 102 =====
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===== PAGE 103 =====
# TOWNSHIP OF JACKSON GENERAL CAPITAL FUND STATEMENT OF FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ 60,099 |
| Decreased by: | |
| Anticipated as 2014 Budget Revenue | 60,000 |
| Balance December 31, 2014 | $ 99 |
## SCHEDULE OF CASH AND CASH EQUIVALENTS FOR THE YEAR ENDED DECEMBER 31, 2014
EXHIBIT C-2
| Balance December 31, 2013 | | $ | 3,867,877 |
| Increased by: | | | |
| Bond Anticipation Notes | $ | 1,891,241 | |
| Bonds | | 5,485,000 | |
| Investment in Bond Anticipation Note | | 621,287 | |
| Due Current Fund | | 2,449,376 | |
| Reserve for Debt Service - Other | | 113,664 | |
| Capital Improvement Fund | | 100,000 | 10,660,568 |
| Subtotal | | | 14,528,445 |
| Decreased by: | | | |
| Bond Anticipation Notes | | 5,485,337 | |
| From Current Fund | | 2,068,753 | |
| Budgeted Revenues | | 60,000 | |
| Improvement Authorizations | | 1,979,056 | 9,593,146 |
| Balance December 31, 2014 | | $ | 4,935,299 |
===== PAGE 104 =====
TOWNSHIP OF JACKSON GENERAL CAPITAL FUND ANALYSIS OF GENERAL CAPITAL CASH AND INVESTMENTS FOR THE YEAR ENDED DECEMBER 31, 2014
| 2014 |
| Capital Improvement Fund | 30 |
| Reserve for Encumbrances | 356,676 |
| Capital Fund Balance | 99 |
| Reserve for Debt Service - Open Space Bonds | 1,853,771 |
| Reserve for Building Department Facilities | 10,589 |
| Reserve for Debt Service - Other | 171,426 |
| MUA Shared Services Agreement Receivable | (395) |
| Investment in Bond Anticipation Note | (902,713) |
Improvement Authorizations:
| Ordinance Number: | DESCRIPTION |
| 13-03 | Improvements to Recreational Facilities | 2,402 |
| 27-04(ii) | Various Improvements to Justice Complex | 50,172 |
| 10-06(i) | Construction of Public Works Storage Building | 9,305 |
| 09-07(i) | Municipal Park Facilities (Recreation Fields) | 11,173 |
| 09-07(iii) | Construction of Public Works Storage Building | 1,638 |
| 09-07(iv)/28-07 | Acquisition of Security, Telecommunications & GPS Equipment | 30,357 |
| 09-07(vi) | Improvements to Library & Municipal Facilities | 64,830 |
| 29-08(ii) | Telephone/Data System Upgrade | 163,196 |
| 29-08(iv) | Hydraulic System Transfer Station | 147,469 |
| 19-09(i) | Various Roadway Improvements | 47,092 |
| 19-09(ii) | Public Water Service Installation | 81,040 |
| 19-09(iii) | Acquisition of Office Equipment | 33,726 |
| 19-09(iv) | Implementation of Recycling Center | 32,310 |
| 19-09(v) | Acquisition of Equipment for Police Department | 8,028 |
| 19-09(vi) | Acquisition of Equipment for Public Works | 25,730 |
| 19-09(vii) | Acquisition of Passenger Bus for Senior Center | 4,862 |
| 25-10 | Road & Drainage Improvements | 66,917 |
| 25-10 | Municipal Capital Improvements | 198,260 |
| 25-10 | Township Recycling Center | 27,420 |
| 25-10 | Technology Upgrades | 49,006 |
| 25-10 | Police Department Equipment | 77,971 |
| 25-10 | Public Works Equipment | 90,864 |
| 403R-10 | DOT Municipal Aid 2011 - Patterson Road | 4,732 |
| 03-12 | Road Improvements | 513,734 |
| 03-12 | DPW Equipment | 60,949 |
| 03-12 | Ambulance | 8,522 |
| 03-12 | Non-Passenger Vehicles | 11,263 |
| 18-13(i) | Acquisition of DPW Equipment | 292,444 |
| 18-13(ii) | Acquisition of Pool Equipment | 6,503 |
| 18-13(iii) | Record Retention/Microfilming | 150,000 |
| 18-13(vi) | Various Road/Drainage and Sidewalk Improvements | 900,000 |
| 18-13(vii) | Section 20 Costs | 170,705 |
| 20-14 | Section 20 Costs | 103,196 |
Total
===== PAGE 105 =====
# TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF DUE FROM STATE OF N.J. DEPARTMENT OF TRANSPORTATION FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ 325,000 |
| Decreased by: | |
| Cash Receipts | 325,000 |
| Balance December 31, 2014 | $ - |
| Analysis of Balance, December 31, 2014 | |
| 2012 Brewers Bridge | $ - |
| $ - |
| SCHEDULE OF DUE FROM STATE OF N.J. DEPARTMENT OF ENVIRONMENTAL PROTECTION FOR THE YEAR ENDED DECEMBER 31, 2014 |
| BALANCE DECEMBER 31, 2013 | EXHIBIT C-5 |
| BALANCE DECEMBER 31, 2013 | $ 727,865 |
| DECREASED BY: | |
| Cancellations | 727,865 |
| BALANCE DECEMBER 31, 2014 | $ - |
| BALANCE OF BALANCE, DECEMBER 31, 2014 | |
| BALANCE OF BALANCE, DECEMBER 31, 2014 | |
| BALANCE FOR BALANCE, DECEMBER 31, 2014 | $ - |
| BALANCE FOR BALANCE, DECEMBER 31, 2014 | |
| BAL | |
===== PAGE 106 =====
# TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF DUE FROM CURRENT FUND FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ 380,624 |
| Increased by: | |
| Interfund Loan | 2,068,752 |
| Subtotal | 2,449,376 |
| Decreased by: | |
| Cash Receipts | 2,449,376 |
| Balance December 31, 2014 | $ - |
SCHEDULE OF DUE FROM JACKSON MUA FOR SHARED SERVICES AGREEMENT
FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2014 & 2013 | $ 395 |
| |
SCHEDULE OF DEFERRED CHARGES TO FUTURE TAXATION - FUNDED FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | | $ 22,492,000 |
| Increased by: | | |
| Permanent Funding: | | 5,485,000 |
| Subtotal | | 27,977,000 |
| Decreased by: | | |
| Budget Appropriation to Pay Bonds | $ 2,941,000 | |
| Paid by Open Space Trust Fund | 560,000 | 3,501,000 |
| Balance December 31, 2014 | | $ 24,476,000 |
===== PAGE 107 =====
TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF DEFERRED CHARGES TO FUTURE TAXATION - UNFUNDED FOR THE YEAR ENDED DECEMBER 31, 2014
| ORDINANCE NUMBER | IMPROVEMENT DESCRIPTION | BALANCE DECEMBER 31, 2013 | BALANCE DECREASED 2014 | BALANCE DECEMBER 31, 2014 | BALANCE DECEMBER 31, 2014 | ANALYSIS OF BALANCE DECEMBER 31, 2014 |
| BOND ANTICIPATION NOTES | EXPENDITURES | UNEXPENDED IMPROVEMENT AUTHORIZATIONS |
| 19-09(i) | Various Roadway Improvements | $ 874,000 | $ - | $ 874,000 | $ - | $ - | $ - | $ - | - |
| 19-09(ii) | Public Water Service Installation | 93,575 | - | 93,575 | - | - | - | - | - |
| 19-09(iii) | Acquisition of Office Equipment | 48,925 | - | 48,925 | - | - | - | - | - |
| 19-09(iv) | Implementation of Recycling Center | 33,250 | - | 33,250 | - | - | - | - | - |
| 19-09(v) | Acquisition of Equipment for Police Department | 83,600 | - | 83,600 | - | - | - | - | - |
| 19-09(vi) | Acquisition of Equipment for Public Works | 136,178 | - | 136,178 | - | - | - | - | - |
| 19-09(vii) | Acquisition of Passenger Bus for Senior Center | 61,750 | - | 61,750 | - | - | - | - | - |
| 25-10 | Municipal Capital Improvements | 199,500 | - | 199,500 | - | - | - | - | - |
| 25-10 | Township Recycling Center | 28,500 | - | 28,500 | - | - | - | - | - |
| 25-10 | Technology Upgrades | 49,010 | - | 49,010 | - | - | - | - | - |
| 25-10 | Police Department Equipment | 342,950 | - | 342,950 | - | - | - | - | - |
| 25-10 | Department of Public Works Equipment | 1,501,841 | - | 1,501,841 | - | - | - | - | - |
| 03-12 | Road Improvements | 1,330,000 | - | 1,330,000 | - | - | - | - | - |
| 03-12 | DPW Equipment | 369,758 | - | 369,758 | - | - | - | - | - |
| 03-12 | Ambulance | 142,500 | - | 142,500 | - | - | - | - | - |
| 03-12 | Non-Passenger Vehicles | 190,000 | - | 190,000 | - | - | - | - | - |
| 18-13(i) | Acquisition of DPW Equipment | 492,718 | - | (337) | 493,055 | - | 200,275 | 292,780 | - |
| 18-13(ii) | Acquisition of Pool Equipment | 73,463 | - | - | 73,463 | - | 66,960 | 6,503 | - |
| 18-13(iii) | Record Retention/Microfilming | 156,750 | - | - | 156,750 | - | 15,000 | 141,750 | - |
| 18-13(iv) | Acquisition of First Aid Ambulance | 167,200 | - | - | 167,200 | - | 167,200 | - | - |
| 18-13(v) | Acquisition of Senior Center Bus | 60,610 | - | - | 60,610 | - | 60,610 | - | - |
| 18-13(vi) | Various Road/Drainage and Sidewalk Improvements | 940,500 | - | - | 940,500 | - | 90,000 | 850,500 | - |
| 20-14(i) | Acquisition of DPW Equipment | - | 955,009 | - | 955,009 | 766,098 | - | 188,911 | - |
| 20-14(ii) | Various Road/Drainage and Sidewalk Improvements | - | 942,857 | - | 942,857 | 942,857 | - | - | - |
| 20-14(iii) | Acquisition of Senior Center Bus | - | 71,238 | - | 71,238 | 71,238 | - | - | - |
| 20-14(iv) | Acquisition of UCC non-passenger Vehicles | - | 69,143 | - | 69,143 | 69,143 | - | - | - |
| 20-14(v) | Various Park Improvements | - | 41,905 | - | 41,905 | 41,905 | - | - | - |
| Total | $ 7,376,578 | $ 2,080,152 | $ 5,485,000 | $ 3,971,730 | $ 1,891,241 | $ 600,045 | $ 1,480,444 | - |
===== PAGE 108 =====
## TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF GENERAL SERIAL BONDS FOR THE YEAR ENDED DECEMBER 31, 2014
| IMPROVEMENT DESCRIPTION | MATURITIES OF BONDS OUTSTANDING | BALANCE DECEMBER 31, 2014 | BALANCE DECEMBER 31, 2014 |
| ORIGINAL AMOUNT OF ISSUE | ORIGINAL DATE OF ISSUE | DECEMBER 31, 2014 | INTEREST RATE | BALANCE DECEMBER 31, 2013 | ISSUED | PAID |
| PAYMENT DATE | PAYMENT AMOUNT |
| General Improvements | $ 7,931,000 | 12/01/2003 | 12/01/2014 | $ - | 3.50% | $ 931,000 | $ | - | - | $ 931,000 | $ | - | |
| Open Space Bonds | 5,918,000 | 12/01/2003 | 12/01/2015 | 475,000 | 3.60% | 2,425,000 | - | - | - | 450,000 | 1,975,000 | | |
| | | 12/01/2016 | 500,000 | 4.00% | | | | | | | | |
| | | 12/01/2017 | 500,000 | 4.00% | | | | | | | | |
| | | 12/01/2018 | 500,000 | 4.00% | | | | | | | | |
| General Improvements | 16,102,000 | 12/01/2008 | 12/01/2015 | 1,945,000 | 3.75% | 13,497,000 | - | - | 1,250,000 | 12,247,000 | | | |
| | | 12/01/2016 | 2,025,000 | 3.75% | | | | | | | | |
| | | 12/01/2017 | 2,025,000 | 3.75% | | | | | | | | |
| | | 12/01/2018 | 2,085,000 | 4.00% | | | | | | | | |
| | | 12/01/2019 | 2,035,000 | 4.00% | | | | | | | | |
| | | 12/01/2020 | 2,132,000 | 4.125% | | | | | | | | |
| Open Space Bonds | 3,739,000 | 12/01/2008 | 12/01/2015 | 105,000 | 3.75% | 3,334,000 | - | - | 110,000 | 3,224,000 | | | |
| | | 12/01/2016 | 100,000 | 3.75% | | | | | | | | |
| | | 12/01/2017 | 125,000 | 3.75% | | | | | | | | |
| | | 12/01/2018 | 130,000 | 4.00% | | | | | | | | |
| | | 12/01/2019 | 225,000 | 4.00% | | | | | | | | |
| | | 12/01/2020 | 235,000 | 4.125% | | | | | | | | |
| | | 12/01/2021 | 245,000 | 4.25% | | | | | | | | |
| | | 12/01/2022 | 255,000 | 4.375% | | | | | | | | |
| | | 12/01/2023 | 270,000 | 4.50% | | | | | | | | |
| | | 12/01/2024 | 280,000 | 4.50% | | | | | | | | |
| | | 12/01/2025 | 295,000 | 4.625% | | | | | | | | |
| | | 12/01/2026 | 305,000 | 4.75% | | | | | | | | |
| | | 12/01/2027 | 320,000 | 4.75% | | | | | | | | |
| | | 12/01/2028 | 334,000 | 4.75% | | | | | | | | |
===== PAGE 109 =====
# TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF GENERAL SERIAL BONDS FOR THE YEAR ENDED DECEMBER 31, 2014
| IMPROVEMENT DESCRIPTION | ORIGINAL AMOUNT OF ISSUE | ORIGINAL DATE OF ISSUE | MATURITIES OF BONDS OUTSTANDING | BALANCE DECEMBER 31, 2014 | BALANCE DECEMBER 31, 2014 |
| PAYMENT DATE | PAYMENT AMOUNT | INTEREST RATE | DECEMBER 31, 2013 | ISSUED | PAID | DECEMBER 31, 2014 |
| Refunding Bonds | 8,010,000 | 4/30/2009 | 12/01/2015 | 775,000 | 4.00% | 2,305,000 | - | 760,000 | 1,545,000 |
| 12/01/2016 | 770,000 | 4.00% |
| General Obligation | 5,485,000 | 7/23/2014 | 6/1/2015 | 300,000 | 2.00% | - | 5,485,000 | - | 5,485,000 |
| 6/1/2016 | 350,000 | 2.00% |
| 6/1/2017 | 500,000 | 3.00% |
| 6/1/2018 | 500,000 | 3.00% |
| 6/1/2019 | 500,000 | 3.00% |
| 6/1/2020 | 500,000 | 2.00% |
| 6/1/2021 | 515,000 | 2.00% |
| 6/1/2022 | 520,000 | 2.00% |
| 6/1/2023 | 600,000 | 2.125% |
| 6/1/2024 | 600,000 | 2.25% |
| 6/1/2025 | 600,000 | 2.375% |
Total $22,492,000 $5,485,000 $3,501,000 $24,476,000
Current Fund Budget Appropriation $2,941,000
Open Space Trust Appropriation $560,000
$3,501,000
===== PAGE 110 =====
TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF IMPROVEMENT AUTHORIZATIONS FOR THE YEAR ENDED DECEMBER 31, 2014
| ORDINANCE NUMBER | IMPROVEMENT DESCRIPTION | BALANCE DECEMBER 31, 2013 | 2014 AUTHORIZATIONS | PAID OR CHARGED | RESERVE FOR ENCUMBRANCES | RECLASS PRIOR YEAR ENCUMBRANCES | AUTHORIZATION CANCELLED | BALANCE DECEMBER 31, 2014 |
| UNFUNDED | FUNDED | UNFUNDED | FUNDED |
| 13-03 | Improvements to Recreational Facilities | $ - | $ 9,315 | $ - | $ 6,913 | $ - | $ - | $ - | $ - | $ 2,402 |
| 27-04(ii) | Various Improvements to the Justice Complex | - | 53,180 | - | 9,261 | 26,751 | 33,004 | - | - | 50,172 |
| 10-06(i) | Construction of Public Works Storage Building | - | 9,305 | - | - | - | - | - | - | 9,305 |
| 09-07(i) | Municipal Park Facilities (Recreation Fields) | - | 1,173 | - | (10,000) | - | - | - | - | 11,173 |
| 09-07(iii) | Construction of Public Works Storage Building | - | 1,638 | - | - | - | - | - | - | 1,638 |
| 28-07A | Telecommunications & GPS Equipment | - | 65,507 | - | 18,135 | 17,015 | - | - | - | 30,357 |
| 09-07(vi) | Improvements to Library & Municipal Facilities | - | 182,368 | - | 33,999 | 88,462 | 4,923 | - | - | 64,830 |
| 29-08(ii) | Telephone/Data System Upgrade Hydraulic System Transfer | - | 201,692 | - | 38,496 | - | - | - | - | 163,196 |
| 29-08(iv) | Station | - | 147,469 | - | 47,094 | - | 47,094 | - | - | 147,469 |
| 19-09(i) | Various Road Improvements | 40,840 | 8,457 | - | 2,205 | - | - | - | - | 47,092 |
| 19-09(ii) | Public Water Service Installation | 83,244 | - | - | 2,204 | - | - | - | - | 81,040 |
| 19-09(iii) | Acquisition of Office Equipment | 35,931 | - | - | 2,205 | - | - | - | - | 33,726 |
| 19-09(iv) | Implementation of Recycling Center | 33,249 | 1,265 | - | 2,204 | - | - | - | - | 32,310 |
| 19-09(v) | Acquisition of Equipment for Police Department | 10,234 | - | - | 2,206 | - | - | - | - | 8,028 |
| 19-09(vi) | Acquisition of Equipment for Public Works | 27,935 | - | - | 15,155 | - | 12,950 | - | - | 25,730 |
| 10-09(vii) | Acquisition of Passenger Bus for Senior Center | 7,066 | - | - | 2,204 | - | - | - | - | 4,862 |
| 25-10 | Road & Drainage Improvements | - | 71,853 | - | 6,247 | - | 1,311 | - | - | 66,917 |
| 25-10 | Municipal Capital Improvements | 199,499 | 3,340 | - | 2,204 | 2,375 | - | - | - | 198,260 |
| 25-10 | Township Recycling Center | 28,499 | 1,125 | - | 2,204 | - | - | - | - | 27,420 |
| 25-10 | Technology Upgrades | 49,010 | 2,201 | - | 2,205 | - | - | - | - | 49,006 |
| 25-10 | Police Department Equipment | 85,267 | - | - | 70,559 | 2,250 | 65,513 | - | - | 77,971 |
| 25-10 | DPW Equipment | 101,192 | - | - | 823,656 | - | 813,328 | - | - | 90,864 |
| 403R-10 | DOT Municipal Aid 2011 - Patterson Road | - | 4,732 | - | - | - | - | - | - | 4,732 |
| 40-11 | DEP Storm Water Basin - 2011 | - | 725,860 | - | 450 | - | 2,455 | 727,865 | - | - |
| 03-12 | Road Improvements | 767,539 | - | - | 175,723 | 219,822 | 141,740 | - | - | 513,734 |
| 03-12 | DPW Equipment | 63,156 | - | - | 246,119 | - | 243,912 | - | - | 60,949 |
| 03-12 | Ambulance | 10,727 | - | - | 2,205 | - | - | - | - | 8,522 |
| 03-12 | Non-Passenger Vehicles | 15,673 | - | - | 4,410 | - | - | - | - | 11,263 |
| 18-13(i) | Acquisition of DPW Equipment | 292,780 | - | - | 178,720 | - | 178,720 | - | 292,780 | - |
| 18-13(ii) | Acquisition of Pool Equipment | 6,399 | - | - | 63,796 | - | 63,900 | - | 6,503 | - |
| 18-13(iii) | Record Retention/Microfilming | 141,750 | 8,250 | - | - | - | - | - | 141,750 | 8,250 |
| 18-13(iv) | Acquisition of First Aid Ambulance | 151,200 | 8,800 | - | 160,000 | - | - | - | - | - |
| 18-13(v) | Acquisition of Senior Center Bus | 54,810 | 3,190 | - | 58,000 | - | - | - | - | - |
| 18-13(vi) | Various Road/Drainage and Sidewalk Improvements | 850,500 | 49,500 | - | - | - | - | - | 850,500 | 49,500 |
| 18-13(vii) | Section 20 Costs | 180,171 | - | - | 9,466 | - | - | - | 170,705 | - |
===== PAGE 111 =====
TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF IMPROVEMENT AUTHORIZATIONS FOR THE YEAR ENDED DECEMBER 31, 2014
| ORDINANCE NUMBER | IMPROVEMENT DESCRIPTION | BALANCE DECEMBER 31, 2013 | 2014 AUTHORIZATIONS | PAID OR CHARGED | RESERVE FOR ENCUMBRANCES | RECLASS PRIOR YEAR ENCUMBRANCES | AUTHORIZATION CANCELLED | BALANCE DECEMBER 31, 2014 |
| UNFUNDED | FUNDED | UNFUNDED | FUNDED |
| 20-14(i) | Acquisition of DPW Equipment | - | - | 911,600 | - | - | - | - | 863,849 | 47,751 |
| 20-14(ii) | Various Road/Drainage and Sidewalk Improvements | - | - | 900,000 | - | - | - | - | 852,857 | 47,143 |
| 20-14(iii) | Acquisition of Senior Center Bus | - | - | 68,000 | - | - | - | - | 64,438 | 3,562 |
| 20-14(iv) | Acquisition of UCC non-passenger Vehicles | - | - | 66,000 | - | - | - | - | 62,543 | 3,457 |
| 20-14(v) | Various Park Improvements | - | - | 40,000 | - | - | - | - | 37,905 | 2,095 |
| 20-14 | Section 20 Costs | - | - | 198,560 | 811 | - | - | - | 197,749 | - |
| Total | $ 3,236,671 | $ 1,560,220 | $ 2,184,160 | $ 1,979,056 | $ 356,675 | $ 1,608,850 | $ 727,865 | $ 3,541,579 | $ 1,984,726 |
===== PAGE 112 =====
# TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF RESERVE FOR ENCUMBRANCES FOR THE YEAR ENDED DECEMBER 31, 2014
| FOR THE YEAR ENDED DECEMBER 31, 2014 |
| Balance December 31, 2013 | $ 1,608,852 |
| Increased by: | |
| Charged to Improvement Authorizations | 356,676 |
| Subtotal | 1,965,528 |
| Decreased by: | |
| Prior Year Encumbrance Canceled | 1,608,852 |
| Balance December 31, 2014 | $ 356,676 |
| SCHEDULE OF CAPITAL IMPROVEMENT FUND\nFOR THE YEAR ENDED DECEMBER 31, 2014 |
| Balance December 31, 2013 | $ 4,038 |
| Increased by: | |
| 2014 Budget Appropriation | 100,000 |
| Subtotal | 104,038 |
| Decreased by: | |
| Appropriated to Finance Improvement Authorizations | 104,008 |
| Balance December 31, 2014 | $ 30 |
Balance December 31, 2014 $ 30
===== PAGE 113 =====
# TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF RESERVE FOR DEBT SERVICE - OPEN SPACE BONDS FOR THE YEAR ENDED DECEMBER 31, 2014
Balance December 31, 2014 & 2013
$1,853,771
SCHEDULE OF RESERVE FOR DEBT SERVICE - OTHER FOR THE YEAR ENDED DECEMBER 31, 2014
EXHIBIT C-15
| Balance December 31, 2013 | $ 57,762 |
| Increased by: | |
| Premium from Bond Anticipation Notes & Bonds Issued | 113,664 |
| Balance December 31, 2014 | $ 171,426 |
SCHEDULE OF RESERVE FOR FIRE DAMAGE - ANNEX BUILDING FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2014 & 2013 |
===== PAGE 114 =====
TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF BOND ANTICIPATION NOTES FOR THE YEAR ENDED DECEMBER 31, 2014
| ORDINANCE NUMBER | IMPROVEMENT DESCRIPTION | DATE OF ORIGINAL NOTE | DATE OF ISSUE | DATE OF MATURITY | INTEREST RATE | BALANCE DECEMBER 31, 2013 | INCREASE | DECREASE | BALANCE DECEMBER 31, 2014 |
| 19-09/25-10/03-12 | Acquisition, Construction, Repair & Installation of Various Capital Improvements | 8/8/2012 | 8/8/2012 | 8/7/2013 | 1.25% | $ | 5,485,337 | $- | $ | 5,485,337 | $- |
| 20-14 | Acquisition, Construction, Repair & Installation of Various Capital Improvements | 8/4/2014 | 8/4/2014 | 8/4/2015 | 1.00% | - | - | 1,891,241 | - | - | 1,891,241 |
| | | | | Total | $ | 5,485,337 | $ | 1,891,241 | $ | 5,485,337 |
===== PAGE 115 =====
TOWNSHIP OF JACKSON GENERAL CAPITAL FUND STATEMENT OF BONDS AND NOTES AUTHORIZED BUT NOT ISSUED AT DECEMBER 31, 2014
| ORDINANCE NUMBER | IMPROVEMENT DESCRIPTION | BALANCE DECEMBER 31, 2013 | 2014 AUTHORIZATIONS | BANS ISSUED | DEFERRED CHARGES FUNDED | BALANCE DECEMBER 31, 2014 |
| 18-13(i) | Acquisition of DPW Equipment | $ 492,718.00 | $ - | $ 492,718 | $ - | $ - |
| 18-13(ii) | Acquisition of Pool Equipment | 73,463 | - | 73,463 | - | - |
| 18-13(iii) | Record Retention/Microfilming | 156,750 | - | 156,750 | - | - |
| 18-13(iv) | Acquisition of First Aid Ambulance | 167,200 | - | 167,200 | - | - |
| 18-13(v) | Acquisition of Senior Center Bus | 60,610 | - | 60,610 | - | - |
| 18-13(vi) | Various Road/Drainage and Sidewalk Improvements | 940,500 | - | 940,500 | - | - |
| 20-14(i) | Acquisition of DPW Equipment | - | 955,009 | - | - | 955,009 |
| 20-14(ii) | Various Road/Drainage and Sidewalk Improvements | - | 942,857 | - | - | 942,857 |
| 20-14(iii) | Acquisition of Senior Center Bus | - | 71,238 | - | - | 71,238 |
| 20-14(iv) | Acquisition of UCC non-passenger Vehicles | - | 69,143 | - | - | 69,143 |
| 20-14(v) | Various Park Improvements | - | 41,905 | - | - | 41,905 |
| Total | $ 1,891,241 | $ 2,080,152 | $ 1,891,241 | $ - | $ 2,080,152 |
===== PAGE 116 =====
# TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF INVESTMENT IN BOND ANTICIPATION NOTES FOR THE YEAR ENDED DECEMBER 31, 2014
| Balance December 31, 2013 | $ 1,524,000 |
| Decreased by: | |
| Payments Received | 621,287 |
| Balance December 31, 2014 | $ 902,713 |
===== PAGE 117 =====
## PUBLIC ASSISTANCE FUND
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===== PAGE 119 =====
# TOWNSHIP OF JACKSON PUBLIC ASSISTANCE FUND SCHEDULE OF CASH FOR THE YEAR ENDED DECEMBER 31, 2014
| PUBLIC ASSISTANCE FUND\nSCHEDULE OF CASH\nFOR THE YEAR ENDED DECEMBER 31, 2014 |
| Balance December 31, 2013 | $ 29,730 |
| Increased by: | |
| Interest Earned | 38 |
| Subtotal | 29,768 |
| Decreased by: | |
| Cash Disbursed | 2,500 |
| Balance December 31, 2014 | $ 27,268 |
| SCHEDULE OF RESERVE FOR PUBLIC ASSISTANCE\nFOR THE YEAR ENDED DECEMBER 31, 2014 |
| BALANCE DECEMBER 31, 2013 | EXHIBIT D-2 |
| BALANCE DECEMBER 31, 2013 | $ 29,730 |
| Increased by: | |
| Interest Earned | 38 |
| Subtotal | 29,768 |
| Decreased by: | |
| Cash Disbursed | 2,500 |
| BALANCE DECEMBER 31, 2014 | $ 27,268 |
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TOWNSHIP OF JACKSON GENERAL FIXED ASSETS GROUP SCHEDULE OF INVESTMENTS IN GENERAL FIXED ASSETS FOR THE YEAR ENDED DECEMBER 31, 2014
| BALANCE DECEMBER 31, 2013 | ADDITIONS | DELETIONS | ADJUSTMENTS | BALANCE DECEMBER 31, 2014 |
| Land | $ 54,983,000 | $ - | $ - | $ (12,900) | $ 54,970,100 |
| Building & Building Improvements | 47,646,529 | | - | (8,745) | 47,637,784 |
| Machinery & Equipment | 12,809,822 | 1,949,440 | 122,642 | 21,645 | 14,658,265 |
| Total | $ 115,439,351 | $ 1,949,440 | $ 122,642 | $ - | $ 117,266,149 |
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===== PAGE 125 =====
SINGLE AUDIT SECTION
===== PAGE 126 =====
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===== PAGE 127 =====
# INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE FOR EACH MAJOR PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY OMB CIRCULAR A-133 AND NJ OMB CIRCULAR 04-04
Honorable Mayor and Members
of the Township Council
Township of Jackson
County of Ocean
Jackson, New Jersey
## Report on Compliance for Each Major Federal and State Program
We have audited the Township of Jackson’s compliance with the types of compliance requirements described in the OMB Circular A-133 Compliance Supplement and the New Jersey Grants Compliance Supplement that could have a direct and material effect on each of the Authority’s major federal and state programs for the year ended December 31, 2014. The Township of Jackson’s major federal and state programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs.
## Management's Responsibility
Management is responsible for compliance with the requirements of laws, regulations, contracts, and grants applicable to its federal and state programs.
## Auditor's Responsibility
Our responsibility is to express an opinion on compliance for each of the Township of Jackson’s major federal and state programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations and New Jersey OMB’s Circular 04-04, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. Those standards, OMB Circular A-133 and New Jersey OMB’s Circular 04-04, require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal or state program occurred. An audit includes examining, on a test basis, evidence about Township of Jackson’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances.
We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal or state program. However, our audit does not provide a legal determination of the Township of Jackson's compliance with those requirements.
===== PAGE 128 =====
## Opinion on Each Major Federal or State Program
In our opinion, the Township of Jackson complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its major federal or state programs for the year ended December 31, 2014.
## Other Matters
In the results of our auditing procedures disclosed no instances of noncompliance, which are required to be reported in accordance with OMB Circular A-133 or New Jersey OMB Circular 04-04.
## Report on Internal Control Over Compliance
Management of the Township of Jackson is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the Township of Jackson's internal control over compliance with the types of requirements that could have a direct and material effect on each major federal or state program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal or state program and to test and report on internal control over compliance in accordance with OMB Circular A-133 or New Jersey OMB's Circular 04-04, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of Township of Jackson's internal control over compliance.
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal or state program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal or state program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal or state program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance.
Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of OMB Circular A-133 and New Jersey OMB's Circular 04-04. Accordingly, this report is not suitable for any other purpose.
===== PAGE 129 =====
Report on Schedule of Expenditures of Federal Awards and State Financial Assistance Required by OMB Circular A-133 and New Jersey OMB Circular 04-04
We have audited the financial statements of the Township of Jackson as of and for the year ended December 31, 2014, and have issued our report thereon dated April 7, 2015, which contained an unmodified opinion on Regulatory Basis on those financial statements. Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The accompanying schedule of expenditures of federal awards and state financial assistance is presented for purposes of additional analysis as required by OMB Circular A-133 and New Jersey OMB Circular 04-04 and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditure of federal awards and state financial assistance is fairly stated in all material respects in relation to the financial statements as a whole.
Respectfully submitted,
HOLMAN FRENIA ALLISON, P.C.
Rodney R. Haines
Certified Public Accountant
Registered Municipal Accountant
Medford, New Jersey
April 7, 2015
RMA #498
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===== PAGE 131 =====
TOWNSHIP OF JACKSON SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS FOR YEAR ENDED DECEMBER 31, 2014
| DEPARTMENT/PROGRAM TITLE | GRANT OR FEDERAL ACCOUNT NUMBER | PROJECT NUMBER | PROJECT COST | AWARD AMOUNT | GRANT PERIOD | CASH RECEIVED | EXPENDITURES | CUMULATIVE EXPENDITURE |
| Federal Emergency Management Agency: | | | | | | | | |
| Hurricane Sandy Relief - Buildings & Equipment | 97.036 | PA-02-NJ-4086-PW-03924(1) | $ 1,010 | $ 1,010 | 10/30/2012 - 04/30/2014 | $ - | $ 101 | $ 1,010 |
| Hurricane Sandy Relief - Emergency Protective Services | 97.036 | PA-02-NJ-4086-PW-04170(1) | 1,036,973 | 1,036,973 | 10/30/2012 - 04/30/2014 | 712,689 | 821,812 | 1,036,973 |
| Hurricane Sandy Relief - Debri Removal | 97.036 | PA-02-NJ-4086-PW-03599(2) | 628,504 | 628,504 | 10/30/2012 - 04/30/2014 | 278,854 | 370,923 | 628,504 |
| Hurricane Sandy Relief - Emergency Protective Services | 97.036 | PA-02-NJ-4086-PW-00096(2) | 270,540 | 270,540 | 10/30/2012 - 04/30/2014 | 36,522 | 169,087 | 270,540 |
| Total Federal Emergency Management Agency | | | | | | 1,028,065 | 1,361,923 | 1,937,027 |
| U.S. Department of Housing and Urban Development: | | | | | | | | |
| Community Development Block Grant | | | | | | | | |
| Public Facilities & Improvements | 14.218 | CT-908-10 | N/A | N/A | Open | 13,753 | - | - |
| HC Playground Improvements | 14.218 | CT-1512-12 | N/A | N/A | Open | 3,346 | 1,999 | 1,999 |
| Senior Ctr Improvements/HC Curb Cutouts | 14.218 | CT-1512-13 | 160,000 | 160,000 | Open | 58,353 | 65,759 | 65,759 |
| Park, Recreational Facilities Improvements - Justice Complex Park | 14.218 | CT-1512-14 | 146,583 | 146,583 | Open | - | - | - |
| Total U.S. Department of Housing and Urban Development | | | | | | 75,452 | 67,758 | 67,758 |
| Federal Older American Act: | | | | | | | | |
| Ocean County Office of Senior Services - 2013 | 93.044 | N/A | N/A | 17,710 | Open | - | 197 | 197 |
| Ocean County Office of Senior Services - 2014 | 93.044 | N/A | N/A | 17,710 | Open | 17,710 | 17,710 | 17,710 |
| Total Federal Older American Act: | | | | | | 17,710 | 17,907 | 17,907 |
| Total Federal Financial Assistance | | | | | | $ 1,121,227 | $ 1,447,588 | $ 2,022,692 |
===== PAGE 132 =====
## TOWNSHIP OF JACKSON SCHEDULE OF EXPENDITURES OF STATE FINANCIAL ASSISTANCE FOR YEAR ENDED DECEMBER 31, 2014
| DEPARTMENT/PROGRAM TITLE | STATE ACCOUNT NUMBER OR GRANT NUMBER | GRANT PERIOD | CASH RECEIVED | EXPENDITURES | CUMULATIVE EXPENDITURE |
| Department of Transportation: |
| NJ-DOT Municipal Aid-Wright Debow '14 | 20.205 | Open | $ 328,967 | $ - | $ - |
| NJ-DOT Municipal Aid- Brewers Bridge | 20.205 | Open | 325,000 | 325,000 | 325,000 |
| NJ-DOT Local Aid- Sidewalks | 20.205 | Open | 300,000 | 300,000 | 300,000 |
| Total Department of Transportation: | 953,967 | 625,000 | 625,000 |
| Other Grants |
| Body Armor Replacement Grant | | Various | - | 7,002 | 7,002 |
| Clean Communities | | Various | - | 56,877 | 56,877 |
| Click It or Ticket | | Various | 3,050 | 3,050 | 3,050 |
| COPS in Shops | | Various | 4,910 | 5,000 | 5,000 |
| Drive Sober Get Pulled Over | | Various | - | 600 | 600 |
| Drunk Driving Enforcement | | Various | - | 2,043 | 2,043 |
| Emergency Radiological | | Various | - | 13,576 | 13,576 |
| Municipal Alliance | | Various | 23,500 | 7,364 | 7,364 |
| OC Heritage Cultural Community | | Various | 1,260 | 2,400 | 2,400 |
| Recreation for the Handicapped | | Various | 15,000 | 22,708 | 22,708 |
| Recycling Tonnage Grant | | Various | - | 39,880 | 39,880 |
| Safe and Secure Community Grant | | Various | 28,805 | 28,805 | 28,805 |
| Total Other Grants: | 76,525 | 189,305 | 189,305 |
| Total Expenditures: | $ 1,030,492 | $ 814,305 | $ 814,305 |
===== PAGE 133 =====
# TOWNSHIP OF JACKSON NOTES TO SCHEDULES OF EXPENDITURES OF FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE FOR THE YEAR ENDED DECEMBER 31, 2014
### Note 1. General
The accompanying schedules of expenditures of federal awards and state financial assistance present the activity of all federal and state award programs of the Township of Jackson. The Township is defined in Note 1 to the Township's financial statements.
### Note 2. Basis of Accounting
The accompanying schedules of expenditures of federal awards and state financial assistance are presented using the modified accrual basis of accounting as promulgated by the State of New Jersey, Department of Community Affairs, Division of Local Government Services, which is described in the Notes to the Financial Statements, Note 1.
### Note 3. Relationship to Financial Statements – Statutory Basis
Amounts reported in the accompanying schedule agree with amounts reported in the Township's financial statements. Expenditures from awards are reported in the Township's financial statements as follows:
| State | Federal | Total |
| State & Federal Grant Fund | 814,305 | 17,907 | 832,212 |
| Current Fund* | - | 1,361,923 | 1,361,923 |
| Trust Fund | - | 67,758 | 67,758 |
| Total | 814,305 | 1,447,588 | 2,261,893 |
*Federal monies in current fund represent FEMA monies received in 2014 for expenditures spent from November 2012 continuing through the 2014 year.
### Note 4. Relationship to Federal & State Financial Report
Amounts reported in the accompanying schedule agree with the amounts reported in the related federal and state financial report.
### Note 5. Major Programs
Major programs are identified in the Schedule of Findings and Questioned Costs section.
===== PAGE 134 =====
# TOWNSHIP OF JACKSON SCHEDULE OF FINDINGS & QUESTIONED COSTS For the Fiscal Year Ended December 31, 2014
## Section I – Summary of Auditor’s Results
## Financial Statements
| Type of auditor's report issued: | Modified – GAAP\nUnModified - Regulatory |
| Internal control over financial reporting: | |
| 1) Material weakness(es) identified? | No |
| 2) Where significant deficiencies identified that are not considered to be material weaknesses? | None Reported |
| Noncompliance material to basic financial Statements noted? | No |
| Federal Awards | |
| Dollar threshold used to distinguish between type A and type B programs: | $300,000 |
| Auditee qualified as low-risk auditee? | Yes |
| Type of auditor's report issued on compliance for major programs | Unmodified |
| Internal Control over major programs: | |
| 1) Material weakness(es) identified? | No |
| 2) Significant deficiencies identified that are not considered to be material weaknesses? | None Reported |
| Any audit findings disclosed that are required to be reported in accordance With section .510(a) of Circular A-133? | No |
| Identification of major programs: | |
| CFDA Number(s) | Name of Federal Program |
| CFDA Number(s) | Name of Federal Program |
| 97.036 | Federal Emergency Management Agency (FEMA) |
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# TOWNSHIP OF JACKSON SCHEDULE OF FINDINGS & QUESTIONED COSTS For the Fiscal Year Ended December 31, 2014
## State Awards
| Dollar threshold used to distinguish between type A and type B programs: | $300,000 |
| Auditee qualified as low-risk auditee? | Yes |
| Type of auditor's report issued on compliance for major programs | Unmodified |
| Internal Control over major programs: | |
| 1) Material weakness(es) identified? | No |
| 3) Significant deficiencies identified that are not considered to be material weaknesses? | None Reported |
| Any audit findings disclosed that are required to be reported in accordance With section .510(a) of Circular A-133? | No |
## Identification of major programs:
| CFDA Number(s) | Name of Federal Program |
| 20.205 | Department of Transportation (DOT) |
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# TOWNSHIP OF JACKSON SCHEDULE OF FINDINGS & QUESTIONED COSTS (continued): For the Fiscal Year Ended December 31, 2014
Section II – Financial Statement Findings
This section identifies the significant deficiencies, material weaknesses and instances of noncompliance related to the basic financial statements that are required to be reported in accordance with Chapter 5.18 of Government Auditing Standards.
# Section III – Federal Financial Assistance Findings & State Financial Assistance Findings & Questioned Costs
This section identifies audit findings required to be reported by section .510(a) of Circular A-133 and New Jersey OMB’s Circular Letter 04-04.
No Current Year Findings
# Section IV – Federal Financial Assistance Findings & State Financial Assistance Findings & Questioned Costs
This section identifies audit findings required to be reported by section .510(a) of Circular A-133 and New Jersey OMB’s Circular Letter 04-04.
No Current Year Findings
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# TOWNSHIP OF JACKSON SUMMARY SCHEDULE OF PRIOR AUDIT FINDINGS AND QUESTIONED COSTS AS PREPARED BY MANAGEMENT For the Fiscal Year Ended December 31, 2014
This section identifies the status of prior-year findings related to the basic financial statements and federal and state awards that are required to be reported in accordance with Chapter 6.12 of Government Auditing Standards, U.S. OMB Circular A-133 (section .315 (a)(b)).
Finding 2013-01:
Condition:
There were over-expenditures of Current Fund appropriations reserve line items as of December 31, 2013.
Current Status:
This issue has been corrected.
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## TOWNSHIP OF JACKSON COUNTY OF OCEAN
PART II
# COMMENTS AND RECOMMENDATIONS FOR THE YEAR ENDED DECEMBER 31, 2014
*****
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The Honorable Mayor and Members of the
Township Council
Township of Jackson
Jackson, New Jersey 08527
We have audited the financial statements of the Township of Jackson in the County of Ocean for the year ended December 31, 2014. In accordance with requirements prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey, the following are the General Comments and Recommendations for the year then ended.
## GENERAL COMMENTS
###### Contracts and Agreements Required to be advertised by (N.J.S.A.40A:11-4)
N.J.S.A.40A:11-4 - Every contract or agreement, for the performance of any work or furnishing or hiring of any materials or supplies, the cost or the contract price whereof is to be paid with or out of public funds not included within the terms of Section 3 of this act, shall be made or awarded only by the governing body of the contracting unit after public advertising for bids and bidding therefore, except as is provided otherwise in this act or specifically by any other Law. No work, materials or supplies shall be undertaken, acquired or furnished for a sum exceeding in the aggregate $17,500 except by contract or agreement. The Township employs a qualified purchasing agent.
It is pointed out that the governing body of the municipality has the responsibility of determining whether the expenditures in any category will exceed the statutory minimum within the fiscal year. Where question arises as to whether any contract or agreement might result in violation of the statute, the solicitor's opinion should be sought before a commitment is made.
The minutes indicate that resolutions were adopted authorizing the awarding of contracts or agreements for "Professional Services," per N.J.S.A.40A:11-5.
Inasmuch as the system of records did not provide for an accumulation of payments for categories for the performance of any work or the furnishing or hiring of any materials or supplies, the results of such an accumulation could not reasonably be ascertained. Disbursements were reviewed, however, to determine whether any clear-cut violations existed.
## Contracts and Agreements Requiring Solicitation of Quotations
The examination of expenditures did not reveal any individual payments, contracts or agreements in excess of $3,900 "for the performance of any work or the furnishing or hiring of any materials or supplies", other than those where bids had been previously sought by public advertisement or where a resolution had been previously adopted under the provision of (N.J.S.A.40A:11-6.1).
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## Collection of Interest on Delinquent Taxes
The statute provides the method for authorizing interest and the maximum rate to be charged for the nonpayment of taxes or assessments on or before the date when they would become delinquent.
The governing body on January 1, 2014 adopted the following resolution authorizing interest to be charged on delinquent taxes:
“BE IT RESOLVED by the Township Council of the Township of Jackson, County of Ocean, State of New Jersey, the rate of interest charged on delinquent taxes or assessments on any installment made eight (8) days after the date upon which the same became payable, shall not exceed eight (8) percent per annum of the first One Thousand Five Hundred Dollars ($1,500.00) of the delinquency, and eighteen (18) percent per annum on any amount in excess of One Thousand Five Hundred Dollars ($1,500.00).
BE IT FURTHER RESOLVED, that where interest on delinquent tax payments is one dollar ($1.00) or less, payment and collection of said interest is hereby waived."
It appears from an examination of the Collector's record that interest was collected in accordance with the foregoing resolution.
## Delinquent Taxes and Tax Title Liens
The delinquent taxes at December 31, 2014 included 2013, 2012, 2011 & 2010 real estate taxes.
The last tax sale was held on October 1, 2014 and was complete.
The following comparison is made of the number of tax title liens receivable on December 31 of the last three years:
| YEAR | NUMBER OF LIENS |
| 2014 | 76 |
| 2013 | 96 |
| 2012 | 33 |
## Deductions from Taxes
The audit of senior citizen and veteran deductions on a test basis revealed that deductions appear reasonable.
## Examination of Bills
A test check of paid bills was made and each bill, upon proper approval, was considered as a separate and individual contract unless the records disclosed it to be a partial payment or estimate.
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## Municipal Court
A separate report of the Municipal Court transactions was filed in accordance with the requirements of the Local Finance Board.
As part of the test of the municipal court records, no attempt was made to differentiate between fines due the Township, County, or State, or to pass upon the authenticity of the preparation and procedures for complaints issued.
## Deposit of Funds Paid to Local Unit
N.J.S.40A:5-15 States:
“All moneys, including moneys collected by taxation, received from any source by or on behalf of any local unit or any board or department thereof shall within 48 hours after the receipt thereof, either;
a. be paid to the officer charged with the custody of the general funds of the local unit, who shall deposit all such funds within 48 hours after the receipt thereof to the credit of the local unit in its designated legal depository, or;
b. be deposited to the credit of the local unit in its designated legal depository."
## Payroll
The examination of the payroll fund included testing the detail computation of various deductions or other credits from the payroll of Township employees, also, the examination ascertained that the accumulated withholdings were distributed to the proper agencies.
## Follow-Up of Prior Year Findings
In accordance with Government Auditing Standards, our procedures included a review of all prior year findings. Corrective action was taken for all items last year.
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## OFFICIALS IN OFFICE AND SURETY BONDS
The following officials were in office at December 31, 2014:
NAME TITLE
| NAME | TELE |
| Michael Reina | Mayor |
| Robert Nixon | Council President |
| Barry Calogero | Council Vice President |
| Kenneth Bressi | Councilman |
| Scott Martin | Councilman |
| Anna Updegrave | Councilwoman |
| Helene Schlegel | Administrator |
| Sharon Pinkava | Chief Financial Officer |
| Ann Marie Eden | Township Clerk/Search Officer |
| Daniel Sahin | Magistrate |
| Erin DiCristina | Court Administrator |
| Gilmore & Monahan | Attorney |
There were Employee's Blanket Performance Bonds in the amount of $50,000 for the Township employees and court personnel carried by the Ocean County Joint Insurance Fund and $950,000 carried by the Municipal Excess Liability Joint Insurance Fund.
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## Acknowledgment
We received the complete cooperation of all the Township Officials and employees and we greatly appreciate the courtesies extended to the members of the audit team.
Should you have any questions concerning our comments or recommendations, or should you desire any assistance in implementing our recommendations, please call me.
Respectfully submitted,
HOLMAN FRENIA ALLISON, P. C.
Rodney R. Haines
Certified Public Accountant
Registered Municipal Accountant
RMA #498
Medford, New Jersey
April 7, 2015 
