APPENDIX TO BUDGET STATEMENT
COMPARATIVE STATEMENT OF CURRENT FUND OPERATIONS AND CHANGE IN CURRENT SURPLUS
CURRENT FUND BALANCE SHEET - DECEMBER 31, 2009
| ASSETS | ||
| Cash and Investments | 1110100 | $8,088,317.81 |
|---|---|---|
| Due from State of N.J. (c.20,P.L.1971) | 1111000 | 13,163.36 |
| Federal and State Grants Receivable | 1110200 | |
| Receivables with Offsetting Reserves: | xxxxxx | xxxxxxxx.xx |
| Taxes Receivable | 1110300 | 1,884,658.61 |
| Tax Title Liens Receivable | 1110400 | 1,283,850.20 |
| Property Acquired by Tax Title Lien Liquidation | 1110500 | 6,835,100.00 |
| Other Receivables | 1110600 | 35,767.01 |
| Deferred Charges Required to be in 2010 Budget | 1110700 | 350,000.00 |
| Deferred Charges Required to be in Budgets Subsequent to 2010 | 1110800 | 100,000.00 |
| Total Assets | 1110900 | 18,590,856.99 |
| LIABILITIES.RESERVES AND SURPLUS | ||
| *Cash Liabilities | 2110100 | 4,560,994.35 |
| Reserve for Receivables | 2110200 | 10,039,375.82 |
| Surplus | 2110300 | 3,990,486.82 |
| Total Liabilities, Reserves and Surplus | 18,590,856.99 | |
| School Tax Levy Unpaid | 2220100 | |
| Less: School Tax Deferred | 2220200 | |
| *Balance Included in Above "Cash Liabilities" | 2220300 | |
| YEAR 2009 | YEAR 2008 | ||
| Surplus Balance, January 1st | 2310100 | 6,119,009.41 | 8,010,270.25 |
| Current Revenue On A Cash Basis: | |||
| Current Taxes | |||
| *(Percentage Collected:2008:98.38%, 2009:98.04%) | 2310200 | 122,457,384.73 | 120,024,869.46 |
| Delinquent Taxes | 2310300 | 1,619,989.10 | 1,540,619.39 |
| Other Revenues and Additions to Income | 2310400 | 11,917,800.75 | 12,582,770.82 |
| Total Funds | 2310500 | 142,114,183.99 | 142,158,529.92 |
| EXPENDITURES AND TAX REQUIREMENTS: | |||
| Municipal Appropriations | 2310600 | 37,839,002.43 | 38,369,042.02 |
| School Taxes (Including Local and Regional) | 2310700 | 69,925,928.00 | 68,888,053.50 |
| County Taxes | |||
| (Including Added Tax Amounts) | 2310800 | 23,354,400.28 | 23,128,759.33 |
| Special District Taxes | 2310900 | 6,970,725.49 | 5,689,594.46 |
| Other Expenditures and Deductions from Income | 2311000 | 33,640.97 | 89,071.20 |
| Total Expenditures and Tax Requirements | 2311100 | 138,123,697.17 | 136,164,520.51 |
| Less: Expenditures to be Raised by Future Taxes | 2311200 | 125,000.00 | |
| Total Adjusted Expenditures and Tax Requirements | 2311300 | 138,123,697.17 | 136,039,520.51 |
| Surplus Balance - December 31st | 2311400 | 3,990,486.82 | 6,119,009.41 |
*Nearest even percentage may be used Proposed Use of Current Fund Surplus in 2009 Budget
| Surplus Balance December 31, 2009 | 2311500 | 3,990,486.82 |
|---|---|---|
| Current Surplus Anticipated in 2010 Budget | 2311600 | 3,800,000.00 |
| Surplus Balance Remaining | 2311700 | 190,486.82 |
(Important: This appendix must be included in advertisement of budget.)
Sheet 39