APPENDIX TO BUDGET STATEMENT
COMPARATIVE STATEMENT OF CURRENT FUND OPERATIONS AND CHANGE IN CURRENT SURPLUS
CURRENT FUND BALANCE SHEET - DECEMBER 31, 2017
| ASSETS | |||
| Cash and Investments | 1110100 | 19,833,267.40 | |
|---|---|---|---|
| Due from State of N.J.(c20,P.L. 1971) | 1111000 | 15,297.14 | |
| Federal and State Grants Receivable | 1110200 | ||
| Receivables with Offsetting Reserves: | xxxxxxxx | xxxxxxxxxx | xx |
| Taxes Receivable | 1110300 | 1,732,507.60 | |
| Tax Title Liens Receivable | 1110400 | 2,995,943.38 | |
| Property Acquired by Tax Title Lien Liquidation | 1110500 | 6,306,200.00 | |
| Other Receivables | 1110600 | 40,395.07 | |
| Deferred Charges Required to be in 2017 Budget | 1110700 | 0.00 | |
| Deferred Charges Required to be in Budgets Subsequent to 2017 | 1110800 | 0.00 | |
| Total Assets | 1110900 | 30,923,610.59 | |
| YEAR 2017 | YEAR 2016 | ||||
| Surplus Balance, January 1st | 2310100 | 7,314,403.71 | 5,247,500.51 | ||
| CURRENT REVENUE ON A CASH BASIS Current Taxes*(Percentage collected:2017 98.62%, 2016 98.68%) | 2310200 | 154,686,183.07 | 151,261,683.46 | ||
| Delinquent Taxes | 2310300 | 1,339,819.32 | 1,605,127.32 | ||
| Other Revenues and Additions to Income | 2310400 | 10,829,936.98 | 10,330,369.35 | ||
| Total Funds | 2310500 | 174,170,343.08 | 168,444,680.64 | ||
| EXPENDITURES AND TAX REQUIREMENTS: Municipal Appropriations | 2310600 | 40,007,403.51 | 39,449,472.86 | ||
| School Taxes (Including Local and Regional) | 2310700 | 87,640,356.00 | 86,357,614.00 | ||
| County Taxes (Including Added Tax Amounts) | 2310800 | 29,195,621.60 | 28,094,872.77 | ||
| Special District Taxes | 2310900 | 7,512,900.88 | 7,184,473.30 | ||
| Other Expenditures and Deductions from Income | 2311000 | 38,082.39 | 43,844.00 | ||
| Total Expenditures and Tax Requirements | 2311100 | 164,394,364.38 | 161,130,276.93 | ||
| Less: Expenditures to be Raised by Future Taxes | 2311200 | ||||
| Total Adjusted Expenditures and Tax Requirements | 2311300 | 164,394,364.38 | 161,130,276.93 | ||
| Surplus Balance - December 31st | 2311400 | 9,775,978.70 | 7,314,403.71 | ||
LIABILITIES, RESERVES AND SURPLUS
| *Cash Liabilities | 2110100 | 10,072,585.84 | |
|---|---|---|---|
| Reserves for Receivables/Note Payable | 2110200 | 11,075,046.05 | |
| Surplus | 2110300 | 9,775,978.70 | |
| Total Liabilities, Reserves and Surplus | 30,923,610.59 |
Nearest even percentage may be used
Proposed Use of Current Fund Surplus in 2017 Budget
| School Tax Levy Unpaid | 2220110 | ||
|---|---|---|---|
| Less School Tax Deferred | 2220200 | ||
| \(^{{*}}Balance Included in Above "Cash Liabilities" | 2220300 |
| Surplus Balance December 31, 2017 | 2311500 | 9,775,978.70 | |
|---|---|---|---|
| Current Surplus Anticipated in 2018 Budget | 2311600 | 3,703,000.00 | |
| Surplus Balance Remaining | 2311700 | 6,072,978.70 |
(Important: This appendix must be included in advertisement of budget.)