| ASSETS | REFERENCE | 2017 | 2016 |
|---|
| Cash & Cash Equivalents | C-2 | $ 2,407,348.64 | $ 11,778,536.88 |
|---|
| MUA Shared Services Agreement Receivable | C-4 | 395.00 | 395.00 |
|---|
| NJEIT Grant Receivable | C-14 | - | 392,985.00 |
|---|
| Deferred Charges to Future Taxation: | | | |
|---|
| Funded | C-5 | 19,581,439.78 | 23,078,000.00 |
|---|
| Unfunded | C-6 | 4,372,731.50 | 3,357,559.20 |
|---|
| Total Assets | | $ 26,361,914.92 | $ 38,607,476.08 |
|---|
| LIABILITIES, RESERVES & FUND BALANCE | | | |
|---|
| General Serial Bond | C-7 | $ 19,295,000.00 | $ 23,078,000.00 |
|---|
| Bond Anticipation Notes | C-17 | - | 5,858,326.00 |
|---|
| NJEIT Loans Payable | C-16 | 286,439.78 | - |
|---|
| Improvement Authorizations: | | | |
|---|
| Funded | C-8 | 1,660,977.58 | 2,972,853.87 |
|---|
| Unfunded | C-8 | 2,240,052.36 | 2,658,132.48 |
|---|
| Reserve for Encumbrances | C-9 | 964,677.31 | 1,425,306.39 |
|---|
| Capital Improvement Fund | C-10 | 574.08 | 600.08 |
|---|
| Reserve for Debt Service - Open Space Bonds | C-11 | 1,753,770.57 | 1,853,770.57 |
|---|
| Reserve for Debt Service - Other | C-12 | 43,135.22 | 43,135.22 |
|---|
| Reserve for Fire Damage - Annex Building | C-13 | 3,226.03 | 10,589.48 |
|---|
| Reserve for NJEIT Receivable | C-14 | - | 392,985.00 |
|---|
| Reserve for NJEIT Loan Funds Advanced | C-15 | - | 199,715.00 |
|---|
| Fund Balance | C-1 | 114,061.99 | 114,061.99 |
|---|
| Total Liabilities, Reserves & Fund Balance | | $ 26,361,914.92 | $ 38,607,476.08 |
|---|
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