TOWNSHIP OF JACKSON
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 2019
The following schedule represents the Township’s summary of debt, as filed in the Township’s Annual Debt Statement required by the Local Bond Law of New Jersey for the current and two previous years:
| 2019 | 2018 | 2017 |
|---|
| Issued: | | | |
|---|
| General: | | | |
|---|
| Bonds, Notes and Loans | $ 23,260,555.12 | $ 20,098,336.95 | $ 19,581,439.78 |
|---|
| Total Debt Issued | 23,260,555.12 | 20,098,336.95 | 19,581,439.78 |
|---|
| Authorized but not issued: | | | |
|---|
| General: | | | |
|---|
| Bonds, Notes and Loans | 3,919,439.50 | 2,109,502.50 | 4,372,731.50 |
|---|
| Total Authorized But Not Issued | 3,919,439.50 | 2,109,502.50 | 4,372,731.50 |
|---|
| Total Gross Debt | $ 27,179,994.62 | $ 22,207,839.45 | $ 23,954,171.28 |
|---|
| Deductions: | | | |
|---|
| General: | | | |
|---|
| Funds Temporarily Held | | | |
|---|
| to pay Bonds & Notes | 1,212,815.16 | 1,281,840.79 | 1,796,905.79 |
|---|
| Open Space Trust (40A:2-44h) | 2,565,000.00 | 2,810,000.00 | 3,460,000.00 |
|---|
| Total Deductions | 3,777,815.16 | 4,091,840.79 | 5,256,905.79 |
|---|
| Total Net Debt | $ 23,402,179.46 | $ 18,115,998.66 | $ 18,697,265.49 |
|---|
Summary of Statutory Debt Condition - Annual Debt Statement
The following schedule is a summary of the previous schedule and is prepared in accordance with the required method of setting up the Annual Debt Statement:
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