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AMENDED ANNUAL DEBT STATEMENT

AS REQUIRED BY N.J.S.A. 40A:2-40

EQUALIZED VALUATION BASIS

Equalized valuation basis (the average of the equalized valuation of real estate, including improvements, and the assessed valuation

of class II railroad property of the local unit for the last 3 preceding years).

  1. 2007 Equalized Valuation Real Property with Improvements
  2. plus assessed valuation of class II R.R. property $7,398,367,717.00
  3. plus assessed valuation of class II R.R. property $7,398,367,717.00
  4. 2008 Equalized Valuation Real Property with Improvements $7,461,647,582.00 plus assessed valuation of class II R.R. property $7,111,605,604.00
  5. 2009 Equalized Valuation Real Property with Improvements $7,461,647,582.00 plus assessed valuation of class II R.R. property $7,111,605,604.00
  6. EQUALIZED VALUATION BASIS - Average of (1), (2), and (3). $ ___ 7,323,873,634.33
  7. PERCENTAGE OF NET DEBT OF EQUALIZED VALUATION BASIS

The percentage that the net dcbt (Line 4 above) bears to the equalized valuation basis(Line 5 above):

Zero and 3842/10,000 per cent ___ 0 3842%

(50039-00)

AFFIDAVIT

STATE OF NEW JERSEY

County of Ocean } ss.

I, Sharon Pinkava, being duly sworn, deposes and says:

Deponent is the Chief Financial Officer of the Township of Jackson County of Ocean

is a true statement of the debt condition of the municipality or county as of December 31, 2009 and is computed as provided by the Local Bond Law of New Jersey (N.J.S.A. 40A:2-1 et seq.). The amounts of such items as are indefinite or unascertainable are estimated and are so marked.

here and in the statement hereinafter mentioned called "the municipality" or "the county." The Annual Debt Statement annexed hereto and hereby made a part hereof

<div style="text-align: center;"><img src="imgs/img_in_image_box_15_21_1367_50.jpg" alt="Image" width="97%" /></div>

Subscribed and sworn to before me

  • this 28th day of June, 2010 Title: Chief Financial Officer Address: 95 West Veterans Highway Notary Public of New Jersey Jackson, NJ 08527

Dana M. Kalanoff, NR 60240 Notary Public of New Jersey Title: Chief Financial Officer Address: 95 West Veterans Highway Jackson, NJ 08527 Phone: 732-928-1200

Title: Chief Financial Officer
Address:95 West Veterans Highway
Jackson, NJ 08527
Phone:732-928-1200
Fax:732-928-6109

NOTE- Two copies must be filed not later than January 31, 2010 with Division of Local Government Services.

Trenton, N.J. 08625-0803. The code numbers in brackets () are for Division of Local Government Services use only.

・・・・・

BONDS AND NOTES FOR SCHOOL PURPOSES

School District Other Than Regional School District

Issued by (Municipality Type I {Municipality (Type II))Strike out one
1. Term Bonds(50111-00)
2. Serial Bonds
(a) Issued(50112-00)$107,640,000.00
(b) Authorized but not issued(50113-00)
3. TEMPORARY BONDS AND NOTES
(a) Issued(50114-00)
(b) Authorized but not issued(50115-00)
4. TOTAL OF ABOVE BONDS AND NOTES$107,640,000.00
REGIONAL SCHOOL DISTRICT:(50116-00)
5. Serial Bonds
(a) Issued(50117-00)$0.00
(b) Authorized but not issued(50118-00)$0.00
6. TEMPORARY BONDS AND NOTES
(a) Issued(50119-00)$0.00
(b) Authorized but not issued(50120-00)
... SCHOOL BONDS AND NOTES$0.00
(50121-00)
  • 7. TOTAL OF REGIONAL SCHOOL BONDS AND NOTES

N.J.S.A. 40A:2-43 reads in part as follows: "Gross debt of a municipality shall also include that amount of the total of all the bonds and notes issued and authorized but not issued by any school district including the area of the municipality, which results from the application to such a total of the ratio which the equalized valuation basis of the municipality bears to the sum of the equalized valuation basis of each municipality in any such school district."

COMPUTATION OF REGIONAL AND/ OR CONSOLIDATED SCHOOL DISTRICT DEBT

% OF VALUATIONS APPORTIONED TO EACH MUNICIPALITY APPORTIONMENT OF DEBT-DECEMBER 31, 2009
MunicipalityAverage Equalized Valuations%Serial Bonds IssuedTemp. Bonds-Notes IssuedAuthorized But Not Issued
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00
0.000.00

Page Total

$107,640,000.00 (50122.00)

Page 2

DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SCHOOL PURPOSES

Amounts held for the sole purpose of paying bonds and notes included on the opposite page (Items 1,2,3,5,6)

  1. Sinking funds in hand for bonds shown as Line 1, page 2 of this statement but not in excess of such bonds. (50211-00)
  2. Funds in hand in those cases where such funds cannot be diverted to purposes other than the payment of bonds and notes included in Line 4, Page 2. (50212-00)
  3. Estimated proceeds of bonds and notes authorized but not issued where such proceeds will be used for the sole purpose of paying bonds and notes included in Line 4 Page2. (50213-00)
  4. 4.000% per centum of average of equalized valuations (50221-00) 292,954,945.37
  5. as stated in Line 5, Page 1 (50214-00)
  6. Instructions re: Line 4.
  7. Use applicable per centum as follows:
  8. 2 1/2% Kindergarden or Grade 1 through Grade 6
  9. 3% Kindergarden or Grade 1 through Grade 8
  10. 3 1/2% Kindergarden or Grade 1 through Grade 9
  11. 4% Kindergarden or Grade 1 through Grade 12
  12. Other (insert applicable description)
  13. 4.00% %
  14. (50222-00)
  15. Additional State School Building Aid Bonds
  16. (N J.S.A. 18A:58-33.4(d)). (50220-00)
  17. Total (50215-00) $292,954,945.37
  18. School Debt as shown by Line 4, Page2. (50216-00) $107,640,000.00
  19. Deduction for school Debt included in Line 4, Page 2 (smaller of Line 6 or 7). (50217-00) $107,640,000.00
  20. Regional School debt as Shown by Line 7, Page2. (50218-00) $0.00

Page Total $107,640,000.00\n(50219-00)

Page 3

BONDS AND NOTES FOR SELF LIQUIDATING PURPOSES A. SYSTEM (insert Applicable Utility)

  1. Terms Bonds (503 1-00) $___
  2. Serial bonds
  3. Issued
  4. Authorized but not issued (503 3-00) $ \underline{\hspace{2cm}} 0.00
  5. Refunding Bonds (N.J.S.A. 40A:2-52)
  6. Refunding Bonds (NJ.S.A. 40A:2-52)
  7. Issued
  8. Authorized but not issued (503 5-00) $ ___
  9. Bond Anticipation Notes
  10. Issued
  11. (503 6-00) $ ___ 0.00
  12. Authorized but not issued (503 7-00) $0.00
  13. Capital Notes (N.J.S.A. 40A:2-8) (a) Issued (503 8-00) $___
  14. Authorized but not issued (503 9-00) $ ___
  15. Other
  16. Issued
  17. (503 10-00) $ ___
  18. Authorized but not issued (503 1100) $ 7 Total $ (503 0.00) $0.00
  19. SYSTEM (insert Applicable Utility)
  20. 8 Terms Bonds (503 1-00) $ ___
  21. 9 Serial bonds (a) Issued (503 2-00) $ ___
  22. Authorized but not issued (503 3-00) $ ___
  23. 10 Refunding Bonds (N.J.S.A. 40A:2-52) (a) Issued (503 4-00) $___
  24. Authorized but not issued (503 5-00) $ ___
  25. 11 Bond anticipation notes (a) Issued (503 6-00) $___
  26. Authorized but not issued (503 7-00) $___
  27. 12 Capital Notes (N.J.S.A. 40A:2-8) (a) Issued (503 8-00) $___
  28. Authorized but not issued (503 9-00) $ ___
  29. 13 Other (a) Issued (503 10-00) $ ___
  30. Authorized but not issued (503 11-00) $ ___
  31. 4 Total $ (503)
  32. _____0.00 (503 0-00)
  33. OTHER SELF-LIQUIDATING PURPOSES FROM WHICH MUNICIPALITY DERIVES REVENUE (state on a separate sheet in the manner stated above) Total

$0.00(50409-00)

DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES

  • ___ SYSTEM
  • Gross Water ___ System Debt (5041-00) ___ $0.00
  • Less: Deficit(Capitalized at 5%)
  • Gross Water ___ System Debt (5041-00) ___ $0.00
  • Less: Deficit(Capitalized at 5%)
  • (Line 90r Line 11, Page 11)
  • $0.00$ (c) Deduction (504 2-00) $0.00$
  • Plus: Cash held to Pay Bonds and Notes included in 2(a) above (504 4-00)
  • Total Deduction $0.00 (504 5-00)
  • SYSTEM (insert Applicable Utility)
  • Gross ___ System Debt (504 1-00) ___
  • Less: Deficit(Capitized at 5%)
  • (Line 20 or Line 22, Page 11)
  • $___ times 20 (504 2-00) ___ (c) Deduction (504 3-00) ___
  • Plus: Cash held to Pay Bonds and Notes included in 2(1'1) above
  • Total Deduction $___ (504 5-00)
  • Total Deduction

NOTE-the deficit in revenues may be capitalized by either dividing such deficit by .05 or by multiplying such deficit by 20 as indicated above.

$0.00

OTHER BONDS NOTES AND LOANS

1. TERM BONDS (state purposes separately)

(1)___

(2)___

(3)___

(4)___

(5)___

(6)

(7)___

(8)___ $___

2. Total Term Bonds

3. SERIAL BONDS (state purposes separately)

(a) Issued

$___

$ ___

$___

$___

$___

$ (50509-00)

  1. General Improvement Bonds - Various Purposes- 12/01/01
  2. ___760,000.00
  3. General Improvement Bonds- Various Purposes- 12/01/03 _____ 4,331,000.00
  4. Open Space Bonds-12/01/03 ___ 4,118,000.00
  5. General Improvement Bonds -Various Purposes- 12/01/08 _____ 16,002,000.00
  6. Open Space Bonds-12/01/08 3,664,000.00
  7. Refunding Bonds-1996/2001
  8. (7)___
  9. ___
  10. (9)___
  11. (10)___
  12. (11)___
  13. ___

(13)___

(14)___

(15)___

(16)___

(17)___ $ \underline{\hspace{2cm}} \underline{\hspace{2cm}} \underline{\hspace{2cm}} 6,815,000.00

$6,815,000.00

$___

$___

$ ___

S

$ ___

$___

$___

$___

OTHER BONDS NOTES AND LOANS

3. SERIAL BONDS (Continued)

(a) Issued (18)___

$___

(19)___

$___

(20)___

$ ___

(21)___

$___

(22)___

(23)___

$ ___

(24)___

$ ___

(25)___

(26)___

$ ___

(27)___

(28)___

(29)___

(30)___

(31)___

$___

$ ___

(32)___

$___

(33)___

Total Serial Bonds Issued

/ (35,690,000.00}{(50547-00)} $

(b) Authorized but not issued

(1)___

$___

(2)___

$___

(3)___

$___

(4)___

$___

(5)___

$___

(6)___

(7)___

  1. ___
  2. $___
  3. (9)___
  4. $___
  5. (10)___
  6. (11)___
  7. $___
  8. $ $
  9. (12)___
  10. $___
  11. (13)___
  12. $___
  13. (14)___ Total Serial Bonds Authorized but not Issued $___
  14. Total Serial Bonds Issued and Authorized but not Issued Page 7 $35,690,000.00 (50565-00)

$ $0.00

$0.00 (50564-00)

OTHER BONDS AND NOTES

5. BOND ANTICIPATION NOTES (state purposes separately)

  • Issued
  • Issued
  • $___

(2)___

(3)___

(4)___

___

(5)___ ___ ___ ___ ___

___

(6)___

(7)___

(8)___

(9)___

(10)___

(11)___

(12)___

(13)___

(14)___

(15)___ ___ ___ ___ ___

___

(16)___

(17)___

(18)___

(19)___

Bond Anticipation Notes Issued $ 0.00 (50625.00)

(b) Authorized but not issued

  1. Ord. 05-06 Various Improvements _____ 473.00
  2. Ord. 19-09 Various Improvements _____ _____ I,331,278.00

(3)___

(4)___

(5)___

(6)___

(7)___

(8)___

(9)___

(10)___ Bond Anticipation Notes Authorized but not Issued

(10)___

Bond Anticipation Notes Authorized but not Issued $1,331,751.00 (50661-00)

6. Total Bond Anticipation Notes Issued and Authorized but not Issued $1,331,751.00

OTHER BONDS, NOTES AND NOTES

7. MISCELLANEOUS BONDS AND NOTES (not including Tax Anticipation Notes, Emergency Notes, Special Emergency and Utility Revenue Notes)

  • Issued
  • Capital Notes (N.J.S.A. 40A.2-8) (50711-00)
  • Bonds issued by another Public Body Guaranteed by the Municipality (50712-00)
  • Green Trust Loan (50713-00)
  • Infrastructure Trust (50714-00)
  • Miscellaneous Bonds and Notes Issued (50715-00)
  • Authorized but not issued
  • (50724-00)
  • (50725-00)
  • Capital Notes (N.J.S.A. 40A.2-8) (50721-00)
  • Bonds issued by another Public Body Guaranteed by the Municipality (50722-00)
  • (4)
  • Miscellaneous Bonds and Notes Authorized but not Issued (50723-00)
  • Total Miscellaneous Bonds, Notes and Loans Issued and Authorized but not Issued $0.00 (50726-00)

Total of Pages 6, 7, 8, and 9

(37,021,751.00)/((50799-00))

Page 9

DEDUDUCTIONS APPLICABLE TO OTHER BONDS AND NOTES

  1. Amounts held or to be held for the sole purpose of paying bonds and notes included on Pages 6, 7, 8, and 9.
  2. Sinking funds in hand for term bonds shown on Line 2 on Page 6 (1) ___ (2)___ (3) $___
  3. ______
  4. (50814-00)
  5. Funds in hand (including proceeds of bonds and notes held to pay other bonds and notes), in those cases where such funds cannot be diverted to purposes other than the payment of bonds and notes included on Pages 6, 7, 8, and 9
  6. Reserve for Debt Service $1,103,770.57
  7. ___
  8. $ $ ___
  9. $ $ (50824-00) $ 1,103,770.57
  10. Estimated proceeds of bonds and notes authorized but not issued where such proceeds will be used for the sole purpose of paying bonds and notes included on Pages 6, 7, 8, and 9
  11. (1)___
  12. 0.00
  13. (2)___
  14. $ ___ ___ ___
  15. ___
  16. ___ \frac{0.00}{(50834-00)} $
  17. Accounts receivable from other public authorities applicable only to the payment of any part of the gross debt not otherwise deductible
  18. Open Space Trust (40A:2-44h)
  19. 7,782,000.00
  20. $ ___
  21. Bonds authorized by another Public Body to be guaranteed by the municipality
  22. Bonds issued and bonds authorized but not issued to meet cash grants-in-aid for housing authority, redevelopment agency or municipality acting as its local public agency[N.J.S.A. 55:14B-4.1(d)]
  23. (7,782,000.00)/((50843-00))
  24. 0.00/((50844-00))
  25. $___ (50848-00)
  26. Bonds issued and bonds authorized but not issued - Capital projects for county colleges(N.J.S.A. 18A:64A-22.1 to N.J.S.A. 18A:64A-22.8)

$___ (50851-00)

(8,885,770.57)/((50849-00))

(Set forth in the following form, the figures showing whether the

self-liquidating utility(s) have supported themselves during fiscal year 2009

Utility

Utility

  1. Total Cash Receipts from Fees,
  2. Rents or other Charges for Year (509 1-00)
  3. Operating and Maintenance Cost (509 2-00)
  4. Debt Service per Sewer Accounts
  5. Interest (509 3-00)
  6. Notes (509 4-00)
  7. Serial Bonds (509 5-00)
  8. Sinking Fund Requirement (509 6-00)
  9. Debt Service per Current Budget
  10. (N.J.S.A. 40A:2-52)
  11. Interest on
  12. Refunding Bonds (509 7-00)
  13. Refunding Bonds (509 8-00)
  14. Anticipated Deficit in Dedicated
  15. Assessment Budget (509 9-00)
  16. Total Debt Service (510 0-00) $0.00
  17. Total Deductions(Line 2 plus Line 6) (510 1-00) $0.00
  18. Excess in Revenues(Line 1 minus Line 7) (510 2-00) $0.00
  19. Deficit in Revenues(Line 7 minus Line 1) (510 3-00)
  20. Total Debt Service(Line 6) (510 4-00) $0.00
  21. Deficit(smaller of Line 9 or Line 10) to Page 5 (510 5-00)
  22. If Excess in Revenues (Line 8) all Utility Debt is Deductible
  23. Utility
  24. (Insert Applicable Utility)
  25. Total Cash Receipts from Fees,
  26. Rents or other Charges for Year (509 1-00) 0
  27. Operating and Maintenance Cost (509 2-00) 0.00
  28. Debt Service per Water Accounts
  29. Interest (509 3-00) 0.00
  30. Notes (509 4-00)
  31. Serial Bonds (509 5-00) 0.00
  32. Sinking Fund Requirement (509 6-00)
  33. Debt Service per Current Budget
  34. (N.J.S.A. 40A:2-52)
  35. Interest on
  36. Refunding Bonds (509 7-00)
  37. Refunding Bonds (509 8-00)
  38. Anticipated Deficit in Dedicated
  39. Assessment Budget (509 9-00)
  40. Total Debt Service (510 0-00)
  41. Total Deductions(Line 13 plus Line 17) (510 1-00)
  42. Excess in Revenues(Line 12 minus Line 18) (510 2-00)
  43. Deficit in Revenues (Line 18 minus Line 12) (510 3-00)
  44. Total Debt Service (Line 17) (510 4-00)
  45. Deficit(smaller of Line 20 or Line 21) to Page 5 (510 5-00)

If Excess in Revenues (Line 19) all Utility Debt is Deductible

If Excess in Revenues (Line 19)all ___ Utility Debt is Deductible (If Municipality has other utilities or enterprises, additional pages are to be added to this statement.)

SPECIAL DEBT STATEMENT BORROWING POWER AVAILABLE UNDER N.J.S.A. 40A:2-7(f)

Balance of debt incurring capacity as of December 31, 2009 under N.J.S.A. 40:1-16(d)

___ (51100-00)

Obligations heretofore authorized during 2009 in excess of debt limitation and pursuant to

  • N.J.S.A. 40A:2-7 paragraph (d) (51101-00) ___
  • N.J.S.A. 40A:2-7 paragraph (f) (51102-00) ___
  • N.J.S.A. 40A:2-7 paragraph (g) (51103-00)___ Total (51104-00)___
  • Less 2009 authorizations repealed during 2009 (51105-00)
  • Net authorizations during 2009 (51106-00) i. Balance of debt incurring capacity December 31, 2009 under N.J.S.A. 40:1-16(d) (51107-00)
  • , Director of the Division of Local Government Services of the Department of Community Affairs of the State of New Jersey, do hereby certify that I have compared this copy of an Annual Debt Statement of the above municipality or county with the original Annual Debt Statement filed in the Division of Local Government Services of the Department of Community Affairs of the State of New Jersey on ___ and that this is a true copy of said statement and of the whole thereof.

In witness Whereof, I have hereunto set my hand as Director of the Division of Local Government Services of the Department of Community Affairs of the State of New Jersey this ___ day of ___, 2010

Director

Page 12