| ASSETS | REFERENCE | 2019 | 2018 |
|---|---|---|---|
| Cash & Cash Equivalents | C-2 | $ 6,398,995.71 | $ 5,550,019.78 |
| Deferred Charges to Future Taxation: | |||
| Funded | C-4 | 12,221,234.12 | 15,726,336.95 |
| Unfunded | C-5 | 14,958,760.50 | 6,481,502.50 |
| Total Assets | $ 33,578,990.33 | $ 27,757,859.23 | |
| LIABILITIES, RESERVES & FUND BALANCE | |||
| General Serial Bond | C-6 | $ 11,970,000.00 | $ 15,455,000.00 |
| NJEIT Loans Payable | C-13 | 251,234.12 | 271,336.95 |
| Bond Anticipation Notes | C-14 | 11,039,321.00 | 4,372,000.00 |
| Improvement Authorizations: | |||
| Funded | C-7 | 808,307.55 | 1,432,747.94 |
| Unfunded | C-7 | 4,083,470.89 | 3,353,319.76 |
| Reserve for Encumbrances | C-8 | 4,091,875.18 | 1,047,949.11 |
| Capital Improvement Fund | C-9 | 4,686.83 | 426,385.08 |
| Reserve for Debt Service - Open Space Bonds | C-10 | 1,045,770.57 | 1,203,770.57 |
| Reserve for Debt Service - Other | C-11 | 167,044.59 | 78,070.22 |
| Reserve for Fire Damage - Annex Building | C-12 | 3,217.61 | 3,217.61 |
| Fund Balance | C-1 | 114,061.99 | 114,061.99 |
| Total Liabilities, Reserves & Fund Balance | $ 33,578,990.33 | $ 27,757,859.23 |
There were Bonds & Notes Authorized but not issued on December 31, 2019 of $3,919,439.50 and on December 31, 2018 was $2,109,502.50.
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