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was a direct increase to the fund balance. He discussed what Mr. Mayerowitz was accustomed to in the private industry side of accounting with regard to appropriations and explained that time frames differ greatly between government and private industry accounting and municipalities must have it's financial statement in by February 10th and in the process associated with accounting there are no accruals made where they can charge up to utility expense, legal expenses, retro pays with regard to union contracts which were owed back to 2006, street light reimbursements, snow removal reimbursement, etc. Administrator Del Turco explained they've been catching up with the private residential communities paying back the 2002, 2003, 2004, 2005 and 2006 that have been charged off to that budget and he just received Metedeconk, South Knolls and has about 400K and 500K to pay back to the private resident communities. He also owed Westlake street lighting from 2006 and 3.2 million of reserves has been paid down and anything that was not utilized would be turned back to the fund balance and used toward the budget for next year. Mr. Mayerowitz asked about the incremental increase of about 300K for encumbrances? Administrator Del Turco said he would have to look into it. He then asked Mr. Del Turco if a significant portion of favorable variances in the reserve went to a special emergency note of about 1.2 million? Mr. Del Turco clarified he meant the revaluation and explained the revaluation was being spread-out over a 5-year period and stated the reserve balance wouldn't affect it. Mr. Mayerowitz stated there was no balance in 2005 but there was a balance in 2006. Administrator Del Turco stated he would start seeing the installments coming due. Mr. Mayerowitz asked about the reserves and if incumbencies have been paid and Mr. Del Turco stated they haven't and that was what he was trying to explain stating they have more bills to pay on the 2006 budget but the bulk has been paid. Mr. Mayerowitz suggested taking a look at the general ledger detail and draw down against those balances and asked if the Finance Department would have that general ledger information available? Administrator Del Turco stated it was available to the public on request. Councilman Martin asked Mr. Del Turco about the snow reimbursement for 2003, 2004, 2005 and 2006 which should have been paid before they took office. Mayor Seda stated the previous administration pushes money forward so they didn't have to claim it and it was unfortunate because they should have received the money years ago and wanted to clarify for the publics understanding why this was all happening.

JOSEPH BRILL-100 MURIFIELD ROAD: He spoke of the township owing his community 4 years reimbursement for snow removal and street lighting because when you pick up for one you have to pick up for the other and his cul-de-sac is on the end of the cul-de-sac they pick up from. Mayor Seda asked Mr. Brill to bring paperwork forward or see him after the meeting because they did an assessment of the entire community and it may have been paid already. Mr. Brill then asked about street lighting and a misunderstanding thinking the street lights were to be installed by November 1st and wanted to bring it to the Mayor's attention. Mayor Seda submitted a request and JCP&L put it on their schedule and at the present time they are working on changing out the present street lighting for a new type throughout the town and would work it into their schedule. He read Part A of the Administrative Legislation 3-4 Compliance of the Law and stated he understood it to mean the township should be building the basketball court and not an outside entity and pay the township 500K. In Robins Estate and on Beam Avenue there are several basketball courts facing the street and he hasn't gone to other places but asked why it was necessary to build basketball courts in Johnson Park. Councilman Stallone stated it was needed so kids weren't playing in the streets. Mr. Brill asked how they could build the courts on a contaminated site that has just been unearthed? Councilman Stallone explained it wasn't contaminated and it was a landfill that was capped for over 30 years ago and designated okay.

SEAN GIBLIN-515 SOUTH COOKSBRIDGE ROAD: He asked about the logic in the debate they had with Mr. Mayerowitz concerning the budget and then asked about the $3 million that was left over in 2006 that was spent in 2007 for contract wages and various other things. Mayor Seda stated it was to clean up the bills that weren’t paid during his administration. Mr. Giblin asked how $37 million in 2006 became $38 million in 2007 and then asked how they could apply $2 million to a 2006 budget yet have a decrease in 2007 when most of it was applied to labor? Mayor Seda stated it was fiscal responsibility and explained that during Mr. Giblin’s administration overtime in Public Works was running wild, about $30K per month. Mr. Giblin asked if the Mayor could