116
DESCRIPTION
2017 Fund Loan
2017 Trust Loan
DATE OF ISSUE ORIGINAL ISSUES MATURITIES OF LOAN OUTSTANDING BALANCE DECEMBER 31, 2017 BALANCE DECEMBER 31, 2018
DECEMBER 31, 2018 INTEREST RATE
DATE AMOUNT DECREASES
5/25/2017 $ 148,175.00 2/1/19-31 $ 3,367.61 N/A $ 141,439.78 $ 10,102.83 $ 131,336.95
8/1/19-31 6,735.22 N/A
5/25/2017 145,000.00 8/1/19-25 10,000.00 5.00% 145,000.00 5,000.00 140,000.00
8/1/26-29 10,000.00 3.00%
8/1/30-31 15,000.00 3.00%
Total $ 286,439.78 $ 15,102.83 $ 271,336.95
TOWNSHIP OF JACKSON GENERAL CAPITAL FUND SCHEDULE OF NJEIT LOAN PAYABLE FOR THE YEAR ENDED DECEMBER 31, 2018
EXHIBIT C-14