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TOWNSHIP OF JACKSON GENERAL CAPITAL FUND EXHIBIT C-16

SCHEDULE OF NJEIT LOAN PAYABLE

FOR THE YEAR ENDED DECEMBER 31, 2017

DESCRIPTION DATE OF ISSUE ORIGINAL ISSUES MATURITIES OF LOAN OUTSTANDING DECEMBER 31, 2016 INTEREST AMOUNT BALANCE DECEMBER 31, 2016 INCREASES DECREASES BALANCE DECEMBER 31, 2017

2017 Fund Loan 5/25/2017 148,175.00 2017 to 2031 $ 148,175.00 N/A $ - $ 148,175.00 $ 6,735.22 $ 141,439.78

2017 Trust Loan 5/25/2017 145,000.00 2017 to 2031 145,000.00 3.00%-5.00% - 145,000.00 - 145,000.00

Total - 293,175.00 $ 6,735.22 $ 286,439.78