===== PAGE 1 =====
# ANNUAL DEBT STATEMENT

<div style="text-align: center;">AS REQUIRED BY N.J.S.A. 40A:2-40</div>


of the  Township of  Jaekson, County of  Ocean

1. (a) Total Bonds and Notes for School Purposes

(b) Less Applicable Deductions

(c) Net Debt for School Purposes

<div style="text-align: center;"><img src="imgs/img_in_image_box_80_392_2393_3841.jpg" alt="Image" width="90%" /></div>


2. (a) Total Bonds and Notes for Self-Liquidating Purposes

(b) Less Applicable Deductions

(c) Net Debt for Self-Liquidating Purposes

(c) Net Debt for Other Purposes

4. TOTAL NET DEBT DECEMBER 31, 2008

## 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 Ineal unit for the last 3 preceding years).

(1) 2006 Equalized Valuation Real Property with Improvements plus assessed valuation of class II R.R. property $ 6,727,551,358.00

(2) 2007 Equalized Valuation Real Property with Improvements plus assessed valuation of class II R.R. property $ 7,398,367,717.00

(3) 2008 Equalized Valuation Real Property with Improvements plus assessed valuation of class II R.R. property $ 7,461,647,582.00







5. EQUALIZED VALUATION BASIS - Average of (1), (2), and (3). $7,195,855,552.33

6. PERCENTAGE OF NET DEBT OF EQUALIZED VALUATION BASIS



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

Zero and 4305/10,000 per cent 0 4305%

(50039-00)

(50039-00)

AFFIDAVIT

STATE OF NEW JERSEY}

County o 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, 2008 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 arc indefinite or unascertainable are estimated and are so marked.

Deposits in the Chief Financial Officer of the ___ Township ___ or ___ Jackson ___ County of O

and in the statement hereinafter mentioned called "the municipality" or "the county." The Annual Debt Statement annexed the statement of the debt condition of the municipality or county as of December 31, 2008 and is computed as provided by the A. 40A:2-1 et seq.) The amounts of such items as are indefinite or unascertainable are estimated and are so marked.

Subscribed and sworn to before me

this ___ 31st ___ day of ___ January ___ , 2009

Ad

Notary Public of New Jersey

this 31st day of January,2009

The made a part hereof

the Local Bond Law of New Jersey

Name:

Title: Chief Financial Officer

Address: 95 West Veterans Highway

Jackson, NJ 08527

Phone: 732-928-5686

Fax: 732-928-6109

<div style="text-align: center;">NOTE- Two eopies must be filed not later than January 31, 2009 with Division of Local Government Services, P.O Box 803,</div>


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

===== PAGE 2 =====
# BONDS AND NOTES FOR SCHOOL PURPOSES

School District Other Than Regional School District


<table border=1 style='margin: auto; word-wrap: break-word;'><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>Issued by (Municipality (Type I (Municipality (Type II))</td><td style='text-align: center; word-wrap: break-word;'>Strike out one</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>1. Term Bonds</td><td style='text-align: center; word-wrap: break-word;'>(50111-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>2. Serial Bonds</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(a) Issued</td><td style='text-align: center; word-wrap: break-word;'>(50112-00)</td><td style='text-align: center; word-wrap: break-word;'>$111,570,000.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(b) Authorized but not issued</td><td style='text-align: center; word-wrap: break-word;'>(50113-00)</td><td style='text-align: center; word-wrap: break-word;'>$973.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>3. TEMPORARY BONDS AND NOTES</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(a) Issued</td><td style='text-align: center; word-wrap: break-word;'>(50114-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(b) Authorized but not issued</td><td style='text-align: center; word-wrap: break-word;'>(50115-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>4. TOTAL OF ABOVE BONDS AND NOTES</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>$111,570,973.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>REGIONAL SCHOOL DISTRICT:</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>(50116-00)</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>5. Serial Bonds</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(a) Issued</td><td style='text-align: center; word-wrap: break-word;'>(50117-00)</td><td style='text-align: center; word-wrap: break-word;'>$0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(h) Authorized but not issued</td><td style='text-align: center; word-wrap: break-word;'>(50118-00)</td><td style='text-align: center; word-wrap: break-word;'>$0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>6. TEMPORARY BONDS AND NOTES</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(a) Issued</td><td style='text-align: center; word-wrap: break-word;'>(50119-00)</td><td style='text-align: center; word-wrap: break-word;'>$0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(b) Authorized but not issued</td><td style='text-align: center; word-wrap: break-word;'>(50120-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>7. TOTAL OF REGIONAL SCHOOL BONDS AND NOTES</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>$0.00</td></tr></table>

7. TOTAL OF REGIONAL SCHOOL BONDS AND NOTES $0.00 (50121-00)

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."



<div style="text-align: center;">COMPUTATION OF REGIONAL AND/ OR CONSOLIDATED SCHOOL DISTRICT DEBT</div>



<table border=1 style='margin: auto; word-wrap: break-word;'><tr><td colspan="6">% OF VALUATIONS APPORTIONED TO EACH MUNICIPALITY APPORTIONMENT OF DEBT-DECEMBER 31, 2008</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>Municipality</td><td style='text-align: center; word-wrap: break-word;'>Average Equalized Valuations</td><td style='text-align: center; word-wrap: break-word;'>%</td><td style='text-align: center; word-wrap: break-word;'>Serial Bonds Issued</td><td style='text-align: center; word-wrap: break-word;'>Temp. Bonds-Notes Issued</td><td style='text-align: center; word-wrap: break-word;'>Authorized But Not Issued</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>0.00</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr></table>

===== PAGE 3 =====
# 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)


<table border=1 style='margin: auto; word-wrap: break-word;'><tr><td style='text-align: center; word-wrap: break-word;'>4.</td><td style='text-align: center; word-wrap: break-word;'>4.000% per centum of average of equalized valuations\n(50221-00)</td><td style='text-align: center; word-wrap: break-word;'>287,834,222.09</td></tr><tr><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>as stated in Line 5, Page1</td><td style='text-align: center; word-wrap: break-word;'>(50214-00)</td></tr></table>

Instructions re: Line 4.

Use applicable per centum as follows:

2 1/2% Kindergarden or Grade 1 through Grade 6

3% Kindergarden or Grade 1 through Grade 8

3 1/2% Kindergarden or Grade 1 through Grade 9

4% Kindergarden or Grade 1 through Grade 12

Other (insert applicable description)

4.00% %

(50222-00)

5. Additional State School Building Aid Bonds

(N.J.S.A. 18A:58-33.4(d)). (50220-00)

6. Total (50215-00) $287,834,222.09

7. School Debt as shown by

Line 4, Page2 (50216-00) $111,570,973.00

8. Deduction for school Debt included in Line 4, Page 2

(smaller of Line 6 or 7). (50217-00) $111,570,973.00

9. Regional School debt as Shown by Line 7, Page2. (50218-00) $0.00


<table border=1 style='margin: auto; word-wrap: break-word;'><tr><td style='text-align: center; word-wrap: break-word;'>Page Total</td><td style='text-align: center; word-wrap: break-word;'>$111,570,973.00\n(50219-00)</td></tr></table>

===== PAGE 4 =====
### BONDS AND NOTES FOR SELF LIQUIDATING PURPOSES A.  Water  SYSTEM (insert Applicable Utility)

(503 1-00) __1. Terms Bonds 2. Serial bonds (a) Issued (503 2-00) \underline{\hspace{20}} 548,175.69

(b) Authorized but not issued (503 3-00) 0.00 3. Refunding Bonds (N.J.S.A. 40A:2-52) (a) Issued (503 4-00)___

(b) Authorized but not issued (503 5-00) ____4. Bond Anticipation Notes (a) Issued (503 6-00) ___ 0.00

(b) Authorized but not issued (503 7-00) 0.00 5. Capital Notes (N.J.S.A. 40A:2-8) (a) Issued (503 8-00)_____

(b) Authorized but not issued (503 9-00) __6. Other (a) Issued (a) Issued (503 10-00) ___

(b) Authorized but not issued (503 1100) $

7 Total

$548,175.69

(503 0-00)

B.  SYSTEM

(insert Applicable Utility)

8 Terms Bonds

(503 1-00) __9 Serial bonds (a) Issued (503 2-00)___

(b) Authorized but not issued (503 3-00) ____10 Refunding Bonds (N.J.S.A. 40A:2-52) (a) Issued (503 4-00) ___

(b) Authorized but not issued (503 5-00) __11 Bond anticipation notes (a) Issued (503 6-00)_____

(b) Authorized but not issued (503 7-00) __12 Capital Notes (N.J.S.A. 40A:2-8) (a) Issued (503 8-00) ___

(b) Authorized but not issued (503 9-00) __13 Other (a) Issued (a) Issued (503 10-00) ___

(b) Authorized but not issued (503 11-00) [4 Total0.00 (503 0-00)

WHICH MUNICIPALITY DERIVES REVENUE

(state on a separate sheet in the manner stated above)

Total ___

Page Total ___548,175.69 (50409-00)

===== PAGE 5 =====
# DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES


<table border=1 style='margin: auto; word-wrap: break-word;'><tr><td colspan="3">A. Water ________ SYSTEM\n(insert Applicable Utility)</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(a) Gross Water ________ System Debt (504 1-00)</td><td style='text-align: center; word-wrap: break-word;'>$548,175.69</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(b) Less: Deficit(Capitaized at 5%)</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(Line 9 or Line 11, Page 11)</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>$ 0.00 ________ times 20</td><td style='text-align: center; word-wrap: break-word;'>(504 2-00)</td><td style='text-align: center; word-wrap: break-word;'>0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(c) Deduction</td><td style='text-align: center; word-wrap: break-word;'>(504 3-00)</td><td style='text-align: center; word-wrap: break-word;'>$0.00</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(d) Plus. Cash held to Pay Bonds and Notes included in 2(a) above</td><td style='text-align: center; word-wrap: break-word;'>(504 4-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(e) Total Deduction</td><td style='text-align: center; word-wrap: break-word;'>$ 0.00 ________</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td colspan="3">B. ________ SYSTEM\n(insert Applicable Utility)</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(a) Gross ________ System Debt (504 1-00)</td><td style='text-align: center; word-wrap: break-word;'>0.00 ________ < /td > < td style = 'text-align: center; word-wrap: break-word;' > < /td > < /tr > < tr > < td style = 'text-align: center; word-wrap: break-word;' > (b) Less: Deficit(Capitaized at 5%) < /td > < td style = 'text-align: center; word-wrap: break-word;' > < /td > < td style = 'text-align: center; word-wrap: break-word;' > < /td > < /tr > < tr > < td style = 'text-align: center; word-wrap: break-word;' > (Line 20 or Line 22, Page 11) < /td > < td style = 'text-align: center; word-wrap: break-word;' > < /td > < td style = 'text-align: center; word-wrap: break-word;' > < /td > < /tr > < tr > < td style = 'text-align: center; word-wrap: break-word;' > ________ times 20</td><td style='text-align: center; word-wrap: break-word;'>(504 2-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(c) Deduction</td><td style='text-align: center; word-wrap: break-word;'>(504 3-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(d) Plus: Cash held to Pay Bonds and Notes included in 2(a) above</td><td style='text-align: center; word-wrap: break-word;'>(504 4-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(e) Total Deduction</td><td style='text-align: center; word-wrap: break-word;'>$ 0.00 ________</td><td style='text-align: center; word-wrap: break-word;'></td></tr></table>

(5045-00)

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.

===== PAGE 6 =====
# 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 Bond -Various Purposes- 11/15/96 (2) General Improvement Bonds - Various Purposes- 12/01/01 (3) General Improvement Bonds- Various Purposes- 12/01/03 (4) Open Space Bonds-12/01/03 (5) General Improvement Bonds -Various Purposes- I2/01/08 (6) Open Space Bonds-12/01/08 (7)___ (9)___ (8)___ (10)___ (11)___ (12)___ (13)___ (14)___ (15)___ (16)__3,175,000.00 (17)___ ___ ___ ___ ___ __6,120,000.00 5,031,000.00 \underline{\hspace{2cm}} 4,468,000.00 ____16,102,000.00_____3,739,000.00

$

$___

___

$

$___

______

___ ___

$___

===== PAGE 7 =====
# 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

(b) Authorized but not issued

(1)___

(2)___

(11)___

(12)___

___ (13)___ (3)___ (7)___ (10)______



___ (8)______



___

(4)___

(9)___

(5)___

(6)___

______

(14)______



$

$

___

___ \frac{(38,635,000.00 (50547-00)

$

Total Serial Bonds Authorized but not Issued

$___

$

$___

___ ___

$

$ ___ .

______

______

______

$

$0.00

(50564-00)

/38,635,000.00}{(50565-00)} $

===== PAGE 8 =====
# OTHER BONDS AND NOTES

### 5. BOND ANTICIPATION NOTES (state purposes separately)

(a) Issued

(1) (2)___

(3)___

___

___

___

(4)___

____ ___ ___ ___

(5)___

___

(6)___

(7)___



(8)___



___

(9)___

(10)___

___

(11)___

___

(12)___



(I3)___

(14)___



(15)___

___

(16)___



(17)___

(18)___

(19)___



一

Bond Anticipation Notes Issued

(b) Authorized but not issued

(1)  Ord. 16-00/10-02 Various Improvements _____ 250.00

0.00/((50625-00))

250.00

(2)  Ord. 41-02 Various Improvements _____ _____ 200.00

(3) Ord. 07-03/35-03 Various Improvements ___ 473.00

(4)  Ord. 35-05 Various Improvements _____

___12.00___

(5)___

(6)___

(7)___

欽定四庫全書

卷一

卷二

卷三

卷四

卷五

卷六

卷七

卷八

卷九

卷十

卷十一

卷十二

卷十三

卷十四

卷十五

卷十六

卷十七

卷十八

卷十九

卷二十

卷二十一

卷二十二

卷二十三

卷二十四

卷二十五

卷二十六

卷二十七

卷二十八

卷二十九

卷三十

卷三十一

卷三十二

卷三十三

卷三十四

卷三十五

卷三十六

卷三十七

卷三十八

卷三十九

卷四十

卷五

(8)___

(9)___

(10)___

Bond Anticipation Notes Authorized but not Issued $935.00 (50661-00)

$935.00

(50661-00)

_____935.00

===== PAGE 9 =====
# OTHER BONDS, NOTES AND NOTES

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


<table border=1 style='margin: auto; word-wrap: break-word;'><tr><td colspan="3">(a) Issued</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(1) Capital Notes (N J.S.A. 40A:2-8)</td><td style='text-align: center; word-wrap: break-word;'>(50711-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(2) Bonds issued by another Public Body Guaranteed by the Municipality</td><td style='text-align: center; word-wrap: break-word;'>(50712-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(3) Green Trust Loan</td><td style='text-align: center; word-wrap: break-word;'>(50713-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(4) Infrastructure Trust</td><td style='text-align: center; word-wrap: break-word;'>(50714-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(5) Miscellaneous Bonds and Notes Issued</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>$ $0.00</td></tr><tr><td colspan="3">(b) Authorized but not issued</td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(1) Capital Notes (N.J.S.A. 40A:2-8)</td><td style='text-align: center; word-wrap: break-word;'>(50721-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(2) Bonds issued by another Public Body Guaranteed by the Municipality</td><td style='text-align: center; word-wrap: break-word;'>(50722-00)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(3) $0.00</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(4) $0.00</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>(5) $0.00</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>Miscellaneous Bonds and Notes Authorized but not Issued</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td style='text-align: center; word-wrap: break-word;'>8. Total Miscellaneous Bonds, Notes and Loans Issued and Authorized but not Issued</td><td style='text-align: center; word-wrap: break-word;'></td><td style='text-align: center; word-wrap: break-word;'>$ $0.00</td></tr></table>

$ \frac{0.00}{(50726-00)} $

===== PAGE 10 =====
# 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.

(a) Sinking funds in hand for term bonds shown on Line 2 on Page 6

(1)_____

(2)___

(3)___

$0.00

$

$

$

(50814-00)

(b) 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

(1)___

(2)___

___ (3)___ ___ ___ (c) 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 \frac{0.00}{(50824-00)} (1)___ (2)___ (3)___0.00

$

$

(50834-00) (d) Accounts receivable from other public authorities applicable only to the payment of any part of the gross debt not otherwise deductible (1) Open Space Trust (40A:2-44h) (2) __8,207,000.00 2. Bonds authorized by another Public Body to be guaranteed by the municipality_____

$8,207,000.00

(50843-00)



3. 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)]

4. 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)

$ \frac{0.00}{(50844-00)} $

$ ___ (50848-00)

___ (50851-00) \frac{8,207,000.00}{(50849-00)} $

===== PAGE 11 =====

<table border=1 style='margin: auto; word-wrap: break-word;'><tr><td colspan="3">Utility\n(Insert Applicable Utility)</td></tr><tr><td colspan="2">1. Total Cash Receipts from Fees, Rents or other Charges for Year</td><td style='text-align: center; word-wrap: break-word;'>(509 1-00)</td></tr><tr><td colspan="2">2. Operating and Maintenance Cost</td><td style='text-align: center; word-wrap: break-word;'>(509 2-00)</td></tr><tr><td colspan="2">3. Debt Service per Sewer Accounts\n(a) Interest\n(b) Notes\n(c) Serial Bonds\n(d) Sinking Fund Requirement\n4. Debt Service per Current Budget\n(N.J.S.A. 40A:2-52)</td><td style='text-align: center; word-wrap: break-word;'>(509 3-00)\n(509 4-00)\n(509 5-00)\n(509 6-00)</td></tr><tr><td colspan="2">(a) Interest on</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td colspan="2">Refunding Bonds</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td colspan="2">(b) Refunding Bonds</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td colspan="2">5. Anticipated Deficit in Dedicated</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td colspan="2">Assessment Budget</td><td style='text-align: center; word-wrap: break-word;'>(509 9-00)\n(510 0-00) 0.00 < /td > < /tr > < tr > < td colspan = "2" > 6. Total Debt Service < /td > < td style = 'text-align: center; word-wrap: break-word;' > < /td > < /tr > < tr > < td colspan = "2" > 7. Total Deductions(Line 2 plus Line 6) < /td > < td style = 'text-align: center; word-wrap: break-word;' > (510 1-00)n(510 2-00)0.00</td></tr><tr><td colspan="2">8. Excess in Revenues(Line 1 minus Line 7)</td><td style='text-align: center; word-wrap: break-word;'>(510 2-00) $0.00</td></tr><tr><td colspan="2">9. Deficit in Revenues (Line 7 minus Line 1)</td><td style='text-align: center; word-wrap: break-word;'>(510 3-00) $0.00</td></tr><tr><td colspan="2">10. Total Debt Service (Line 6)</td><td style='text-align: center; word-wrap: break-word;'>(510 4-00) $0.00</td></tr><tr><td colspan="2">11. Deficit(smaller of Line 9 or Line 10) to Page 5</td><td style='text-align: center; word-wrap: break-word;'>(510 5-00)</td></tr><tr><td colspan="2">If Excess in Revenues (Line 8) all</td><td style='text-align: center; word-wrap: break-word;'>Utility Debt is Deductible</td></tr><tr><td colspan="2">Utility\n(Insert Applicable Utility)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td colspan="2">12. Total Cash Receipts from Fees, Rents or other Charges for Year</td><td style='text-align: center; word-wrap: break-word;'>(509 1-00) 0</td></tr><tr><td colspan="2">13. Operating and Maintenance Cost</td><td style='text-align: center; word-wrap: break-word;'>(509 2-00) 0.00</td></tr><tr><td colspan="2">14. Debt Service per Water Accounts</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td colspan="2">(a) Interest</td><td style='text-align: center; word-wrap: break-word;'>(509 3-00) 0.00</td></tr><tr><td colspan="2">(b) Notes</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td colspan="2">(c) Serial Bonds</td><td style='text-align: center; word-wrap: break-word;'>(509 4-00) 0.00</td></tr><tr><td colspan="2">(d) Sinking Fund Requirement</td><td style='text-align: center; word-wrap: break-word;'>(509 5-00) 0.00</td></tr><tr><td colspan="2">15. Debt Service per Current Budget\n(N.J.S.A. 40A:2-52)</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td colspan="2">(a) Interest on</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td colspan="2">Refunding Bonds</td><td style='text-align: center; word-wrap: break-word;'>(509 7-00)</td></tr><tr><td colspan="2">(b) Refunding Bonds</td><td style='text-align: center; word-wrap: break-word;'>(509 8-00)</td></tr><tr><td colspan="2">16. Anticipated Deficit in Dedicated</td><td style='text-align: center; word-wrap: break-word;'></td></tr><tr><td colspan="2">Assessment Budget</td><td style='text-align: center; word-wrap: break-word;'>(509 9-00)</td></tr><tr><td colspan="2">17. Total Debt Service</td><td style='text-align: center; word-wrap: break-word;'>(510 0-00)</td></tr><tr><td colspan="2">18. Total Deductions(Line 13 plus Line 17)</td><td style='text-align: center; word-wrap: break-word;'>(510 1-00)</td></tr><tr><td colspan="2">19. Excess in Revenues(Line 12 minus Line 18)</td><td style='text-align: center; word-wrap: break-word;'>(510 2-00)</td></tr><tr><td colspan="2">20. Deficit in Revenues (Line 18 minus Line 12)</td><td style='text-align: center; word-wrap: break-word;'>(510 3-00)</td></tr><tr><td colspan="2">21. Total Debt Service (Line 17)</td><td style='text-align: center; word-wrap: break-word;'>(510 4-00)</td></tr><tr><td colspan="2">22. Deficit(smaller of Line 20 or Line 21) to Page 5</td><td style='text-align: center; word-wrap: break-word;'>(510 5-00)</td></tr></table>

===== PAGE 12 =====
# SPECIAL DEBT STATEMENT BORROWING POWER AVAILABLE UNDER N.J.S.A. 40A:2-7(f)

1. Balance of debt incurring capacity as of December 31, 2008 under N.J.S.A. 40:1-16(d)

(51100-00)

2. Obligations heretofore authorized during 2008 in excess of debt limitation and pursuant to

(a) N.J.S.A. 40A:2-7 paragraph (d) (51101-00) ___

(b) N.J.S.A. 40A:2-7 paragraph (f) (51102-00) ___

(c) N.J.S.A. 40A:2-7 paragraph (g) (51103-00)___

Total

(51104-00)___

3. Less 2008 authorizations repealed during 2008 (51105-00)___

4. Net authorizations during 2008

___

5. Balance of debt incurring capacity

December 31, 2008 under N.J.S.A. 40:1-16(d)

(51106-00)

(51107-00)

<div style="text-align: center;"><img src="imgs/img_in_image_box_76_1656_567_1764.jpg" alt="Image" width="19%" /></div>


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 2-5-09 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 37th day of February, 2009



0

<div style="text-align: center;"><img src="imgs/img_in_image_box_1354_2196_1964_2311.jpg" alt="Image" width="23%" /></div>


Director