| ASSETS | REFERENCE | 2018 | 2017 |
|---|---|---|---|
| Cash & Cash Equivalents | C-2 | $ 5,550,019.78 | $ 2,407,348.64 |
| MUA Shared Services Agreement Receivable | C-4 | - | 395.00 |
| Deferred Charges to Future Taxation: | |||
| Funded | C-5 | 15,726,336.95 | 19,581,439.78 |
| Unfunded | C-6 | 6,481,502.50 | 4,372,731.50 |
| Total Assets | $ 27,757,859.23 | $ 26,361,914.92 | |
| LIABILITIES, RESERVES & FUND BALANCE | |||
| General Serial Bond | C-7 | $ 15,455,000.00 | $ 19,295,000.00 |
| NJEIT Loans Payable | C-14 | 271,336.95 | 286,439.78 |
| Bond Anticipation Notes | C-15 | 4,372,000.00 | - |
| Improvement Authorizations: | |||
| Funded | C-8 | 1,432,747.94 | 1,660,977.58 |
| Unfunded | C-8 | 3,353,319.76 | 2,240,052.36 |
| Reserve for Encumbrances | C-9 | 1,047,949.11 | 964,677.31 |
| Capital Improvement Fund | C-10 | 426,385.08 | 574.08 |
| Reserve for Debt Service - Open Space Bonds | C-11 | 1,203,770.57 | 1,753,770.57 |
| Reserve for Debt Service - Other | C-12 | 78,070.22 | 43,135.22 |
| Reserve for Fire Damage - Annex Building | C-13 | 3,217.61 | 3,226.03 |
| Fund Balance | C-1 | 114,061.99 | 114,061.99 |
| Total Liabilities, Reserves & Fund Balance | $ 27,757,859.23 | $ 26,361,914.92 |
There were bonds and notes authorized but not issued on December 31, 2018 of $2,109,502.50 and on December 31, 2017 there was $4,372,731.50.
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