===== PAGE 1 ===== # Press here to Email the ADS if not using Microsoft outlook when completed. State of New Jersey Department of Community Affairs Annual Debt Statement 1511 1511 Jackson Township - County of Ocean Date Prepared: 26-Jan-2017

Budget Year Ending: 31-Dec-2016 (Month-DD)		2016 (year)
Name: Sharon Pinkava	Phone:	732-928-1208
Title: Chief Financial Officer	Fax:	732-928-6109
Address: 95 West Veterans Highway	Email:	spinkava@jacksontwpnj.net
Jackson, NJ 08527	CFO Cert #:	N-0725

Sharon Pinkava, being duly sworn, deposes and says: Deponent is the Chief Financial Officer of 1511 Jackson Township - County of Ocean here and in the statement hereinafter mentioned called the local unit. This Annual Debt Statement is a true statement of the debt condition of the local unit as of the date therein stated above and is computed as provided by the Local Bond Law of New Jersey.

☑ By checking this box, I am swearing that the above statement is true	Gross Debt	Deduction	Net Debt
Total Bonds and Notes for Local School Purposes	$ 76,235,973.00	$ 76,235,973.00	$-
Total Bonds and Notes for Regional School Purposes	$-	$-	$-
	$-	$-	$-
	$-	$-	$-
	$-	$-	$-
	$-	$-	$-
Municipal/County General Obligations	$ 32,293,558.50	$ 6,001,905.79	$ 26,291,652.71
Total	$ 108,529,531.50	$ 82,237,878.79	$ 26,291,652.71

Equalized valuation basis (the average of the equalized valuations of real estate, including improvements and the assessed valuation of class II railroad property of the local unit for the last 3 preceding years). Year

Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
2014	RR Property	$ 6,534,657,795.00
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
2015	RR Property	$ 6,682,983,967.00
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
2016	RR Property	$ 6,941,030,505.00
Equalized Valuation Basis - Average of (1), (2) and (3)....

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

Local School District Type (select one):	Type II
1 Term Bonds	$ -
2 Serial Bonds
(a) Issued	$ 76,235,000.00
(b) Authorized but not issued	$ 973.00
3 Temporary Notes
(a) Issued	$ -
(b) Authorized but not issued	$ -

4 Total Bonds and Notes $76,235,973.00 DEDUCTIONS APPLICABLE TO BONDS AND NOTES - FOR SCHOOL PURPOSES Amounts held or to be held for the sole purpose of paying bonds and notes included above. Sinking funds on hand for bonds shown as Line 1 but not in excess of 5 such bonds. $ purposes other than the payment of bonds and notes included in Line 64. $ 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. ____8 % of average of equalized valuations \ $ 6,719,557,422.33 4.00% $ \ $ 268,782,296.89 Use applicable per centum as follows: 2.50% Kindergarten or Grade 1 through Grade 6 3.00% Kindergarten or Grade 1 through Grade 8 3.50% Kindergarten or Grade 1 through Grade 9 4.00% Kindergarten or Grade 1 through Grade 12

9	Additional State School Building Aid Bonds (NJSA 18A:58-33.4(d))	$	-
10	Total Potential Deduction		$ 268,782,296.89

Total Allowable Deduction			$ 76,235,973.00

===== PAGE 3 ===== ## BONDS AND NOTES FOR REGIONAL SCHOOL PURPOSES 1

Regional School District
1 TERM BONDS	$
2 SERIAL BONDS	$
(a) Issued	-
(b) Authorized but not issued	$
3 TEMPORARY BONDS AND NOTES	-
(a) Issued	$
(b) Authorized but not issued	$
4 TOTAL OF REGIONAL SCHOOL BONDS AND NOTES	$

COMPUTATION OF REGIONAL AND/OR CONSOLIDATED SCHOOL DISTRICT DEBT

% OF VALUATIONS APPORTIONED TO EACH MUNICIPALITY			APPORTIONMENT OF DEBT - Dec. 31 2013
Municipality	Average Equalized Valuations	%	Serial Bonds Issued	Temp. Bond-Notes Issued	Authorized\nBut not Issued
Municipality	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
Totals	$ -	0.00%	$ -	$ -	$ -

===== PAGE 4 ===== ## BONDS AND NOTES FOR REGIONAL SCHOOL PURPOSES 2 Regional School District 1 TERM BONDS

2 SERIAL BONDS\n(a) Issued\n(b) Authorized but not issued\n3 TEMPORARY BONDS AND NOTES\n(a) Issued\n(b) Authorized but not issued\n4 TOTAL OF REGIONAL SCHOOL BONDS AND NOTES	$ -
	$ -
	$ -
	$ -
	$ -

COMPUTATION OF REGIONAL AND/OR CONSOLIDATED SCHOOL DISTRICT DEBT

% OF VALUATIONS APPORTIONED TO EACH MUNICIPALITY			APPORTIONMENT OF DEBT - Dec. 31 2013
Municipality	Average Equalized Valuations	%	Serial Bonds Issued	Temp. Bond- Notes Issued	Authorized But not Issued
Municipality	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
	$ -	0%	$ -	$ -	$ -
Totals	$ -	0.00%	$ -	$ -	$ -

===== PAGE 5 ===== # BONDS AND NOTES FOR UTILITY FUND IV. None Utility

1.	Term bonds	$ -
2.	Serial bonds
(a)	Issued	$ -
(b)	Authorized but not issue	$ -
3	Bond Anticipation Notes
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
4	Capital Notes (N.J.S.A. 40A:2-8)
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
5	Other
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
6	Total

## DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES Self-Liquidating Utility Calculation

1. Total Cash Receipts from Taxes, Rents of Other Charges for Year
2. Operating and Maintenance Cost		$ -
3. Debt Service
(a)	Interest	$ -
(b)	Notes	$ -
(c)	Serial Bonds	$ -
(d)	Sinking Fund Requirements	$ -
4. Debt Service per Current Budget (N.J.S.A. 40A:2-52)
(a)	Interest on Refunding Bonds	$ -
(b)	Refunding Bonds	$ -
5. Anticipated Deficit in Dedicated Assessment Budget		$ -
6. Total Debt Service		$ -

7. Total Deductions (Line 2 plus Line 6)	$ -
8. Excess in Revenues (Line 1 minus Line 7)	$ -
9. Deficit in Revenues (Line 7 minus Line 1)	$ -
10. Total Debt Service (Line 6)	$ -
11. Deficit (smaller of Line 9 or Line 10)	- < /td > < /tr > < /table > 11. Deficit (smaller of Line 9 or Line 10) If Excess in Revenues (Line 8) all Utility Debt is Deductible < div style = "text-align: center;" > < img src = "imgs/imginchartbox1985213024032436.jpg" alt = "Image" width = "16%" / > < /div > < table border = 1 style = 'margin: auto; word-wrap: break-word;' > < tr > < td style = 'text-align: center; word-wrap: break-word;' > (a) Gross < /td > < td style = 'text-align: center; word-wrap: break-word;' > None < /td > < td style = 'text-align: center; word-wrap: break-word;' > System Debt < /td > < td style = 'text-align: center; word-wrap: break-word;' >	-
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
$	-	times 20	$	-
(c) Deduction			$	-
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)			$	-
(f) NonDeductible Combined GO Debt

===== PAGE 6 ===== # BONDS AND NOTES FOR UTILITY FUND Utility IV. None _____ Utility

1. Term bonds		$ -
2. Serial bonds
(a)	Issued	$ -
(b)	Authorized but not issue	$ -
3. Bond Anticipation Notes
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
4. Capital Notes (N.J.S.A. 40A:2-8)
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
5. Other
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
6. Total		$ -

## DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES Self-Liquidating Utility Calculation

1. Total Cash Receipts from Fees, Rents or Other Charges for Year

6. Total Debt Service

6. Total Debt Service	$	-
7. Total Deductions (Line 2 plus Line 6)		$
8. Excess in Revenues (Line 1 minus Line 7)		$
9. Deficit in Revenues (Line 7 minus Line 1)		$
10. Total Debt Service (Line 6)		$
11. Deficit (smaller of Line 9 or Line 10)		$

11. Deficit (smaller of Line 9 or Line 10) If Excess in Revenues (Line 8) all Utility Debt is Deductible

(a) Gross	None	System Debt	$	-
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
$	-	times 20	$	-
(c) Deduction			$	-
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)			$	-
(f) NonDeductible Combined GO Debt

===== PAGE 7 ===== ## BONDS AND NOTES FOR UTILITY FUND IV. None ## Utility

1.	Term bonds	$ -
2.	Serial bonds
(a)	Issued	$ -
(b)	Authorized but not issue	$ -
3	Bond Anticipation Notes
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
4	Capital Notes (N.J.S.A. 40A:2-8)
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
5	Other
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
6	Total	$ -

## DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES Self-Liquidating Utility Calculation

1. Total Cash Receipts from Fees, Rents or Other Charges for Year

anticipated Deficit in Dedicated Assessment Budget - 6. Total Debt Service -

6. Total Debt Service	$
7. Total Deductions (Line 2 plus Line 6)	$
8. Excess in Revenues (Line 1 minus Line 7)	$
9. Deficit in Revenues (Line 7 minus Line 1)	$
10. Total Debt Service (Line 6)	$
11. Deficit (smaller of Line 9 or Line 10)	$
If Excess in Revenues (Line 8) all Utility Debt is Deductible

(a) Gross	None	System Debt	$	-
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
$	-	times 20	$	-
(c) Deduction			$	-
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)			$	-
(f) NonDeductible Combined GO Debt

===== PAGE 8 ===== # BONDS AND NOTES FOR UTILITY FUND IV. None Utility

1. Term bonds		$ -
2. Serial bonds
(a)	Issued	$ -
(b)	Authorized but not issue	$ -
3. Bond Anticipation Notes
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
4. Capital Notes (N.J.S.A. 40A:2-8)
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
5. Other
(a)	Issued	$ -
(b)	Authorized but not issued	$ -
6. Total		$ -

## DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES Self-Liquidating Utility Calculation

1. Total Cash Receipts from Fees, Rents or Other Charges for Year
2. Operating and Maintenance Cost			$ -
3. Debt Service
(a)	Interest	$ -
(b)	Notes	$ -
(c)	Serial Bonds	$ -
(d)	Sinking Fund Requirements	$ -
4. Debt Service per Current Budget (N.J.S.A. 40A:2-52)
(a)	Interest on Refunding Bonds	$ -
(b)	Refunding Bonds	$ -
5. Anticipated Deficit in Dedicated Assessment Budget
6. Total Debt Service			$ -

6. Total Debt Service 6. Total Debt Service $ as (Line 2 plus Line 6) 7. Total Deductions (Line 2 plus Line 6) 8. Excess in Revenues (Line 1 minus Line 7) 9. Deficit in Revenues (Line 7 minus Line 1) 10. Total Debt Service (Line 6) 11. Deficit (smaller of Line 9 or Line 10) $___ - If Excess in Revenues (Line 8) all Utility Debt is Deductible

$	-
$	-
$	-
$	-
$	-

(a) Gross	None	System Debt	$	-
(b) Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
$	-	times 20	$	-
(c) Deduction			$	-
(d) Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
(e) Total Deduction (Deficit in revenues)			$	-
(f) NonDeductible Combined GO Debt

===== PAGE 9 ===== 1 TERM BONDS (state purposes separately)

(1)	$	-
(2)	$	-
(3)	$	-
(4)	$	-
(5)	$	-
Total Term Bonds		$

## 2 SERIAL BONDS (state purposes separately)

===== PAGE 10 ===== ## 4 BOND ANTICIPATION NOTES (state purposes separately) ## (a) Issued Issued (1) Ord 18-13 Various Improve & Capital Equipment (2) Ord 20-14 Various Improve & Capital Equipment (3) Ord 21-15 Various Improve & Capital Equipment (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) (51) (52) (53) (54) (55) (56) (57) (58) (59) Bond Anticipation Notes Issued $ 1,891,241.00 $ 2,080,152.00 $ 1,886,933.00 ===== PAGE 11 ===== ## OTHER BONDS, NOTES AND LOANS - Page 3a 4 BOND ANTICIPATION NOTES (state purposes separately) b) Authorized but not issued (1) Ord 17-16 Various Improvement & Capital Equip $2,282,232.50 (2) Ord 23-15 Jet Vac & Sweeper-NJEIT $1,075,000.00 (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) ===== PAGE 12 ===== ## 4 BOND ANTICIPATION NOTES (state purposes separately)

5 Total Bond Anticipation Notes Issued and Authorized but not Issued

$	3,357,232.50
$	9,215,558.50

===== PAGE 13 ===== # OTHER BONDS, NOTES AND LOANS - Page 4 ## 6 MISCELLANEOUS BONDS, NOTES AND LOANS (not including Tax Anticipation Notes, Emergency Notes, Special Emergency Notes and Utility Revenue Notes) (a) Issued (1) Capital Notes (N.J.S.A. 40A:2-8) (2) Bonds issued by another Public Body Guaranteed by the Municipality _____ (3) Green Trust Loans (4) Infrastructure Trust . (5) (6) ___ (7) _____ . ___ Miscellaneous Bonds, Notes and Loans Issued - (b) Authorized but not issued (1) Capital Notes (N.J.S.A. 40A:2-8) ___ (2) Bonds issued by another Public Body Guaranteed by the Municipality _____ (3) ___ (4) ___ (5) __Miscellaneous Bonds and Notes Authorized but not Issued $ - Total Miscellaneous Bonds, Notes and Loans Issued and Authorized but not Issued $ Total of all Miscellaneous Bonds, Notes and Loans Issued and Authorized but not Issued $ 32,293,558.50 ===== PAGE 14 ===== ## DEDUCTIONS APPLICABLE TO OTHER BONDS AND NOTES 1. Amounts held or to be held for the sole purpose of paying general bonds and notes included (a) Sinking funds on hand for term bonds (1) - (b) Funds on 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 (1) Reserve for Debt Service $1,853,770.57 (2) Reserve for Debt Service $43,135.22 (3) -1,896,905.79 (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 (1) - (2) - (3) - $ - (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 $4,105,000.00 (2) - (3) - $4,105,000.00 $4,105,000.00 2. Bonds authorized by another Public Body to be guaranteed by the municipality $ Bonds issued and bonds authorized by not issued to meet cash grants-in-aid for 3. 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 18A:64A-22.8) ____S. Refunding Bonds (N.J.S.A 40A:2-52) (1) - (2) - Total Deductions Applicable to Other Bonds and Notes $6,001,905.79 $ 6,001,905.79 ===== PAGE 15 =====

Total Bonds and Notes authorized/issued by another Public Body to be guaranteed by the municipality ===== PAGE 16 ===== # SPECIAL DEBT STATEMENT BORROWING POWER AVAILABLE UNDER NJSA 40A:2-7(f) 1. Balance of debt incurring capacity December 31, 2012 (NJSA 40:1-16(d)) ____2. Obligations heretofore authorized during 2013 in excess of debt limitation and pursuant to: (a) NJSA 40A:2-7, paragraph (d) (b) NJSA 40A:2-7, paragraph (f) (c) NJSA 40A:2-7, paragraph (g) Total $ $ 3. Less 2012 authorizations repealed during 2013 4. Net authorizations during 2013 $ $ $ 5. Balance of debt incurring capacity December 31, 2013 (NJSA 40:1-16(d)) $ ===== PAGE 17 ===== Capital Leases and Other Comittments (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) Total Leases and Other Comittments ===== PAGE 18 ===== 2 Guarantees NOT included in Gross Debt - Public and Private (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) (32) (33) (34) (35) (36) (37) (38) (39) (40) (41) (42) (43) (44) (45) (46) (47) (48) (49) (50) Total Guarantees NOT included in Gross Debt - Public and Private