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ADS File Name: 1511_ads_2013.xls
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: 22-Jan-2014
Budget Year Ending: 31-Dec-2013 (Month-DD) 2013 (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 $ 91,391,973.00 $ 91,391,973.00 $-
Total Bonds and Notes for Regional School Purposes -- $-
-- $-
-- $-
-- $-
-- $-
Municipal/County General Obligations $ 29,868,578.00 $ 7,670,532.40 $ 22,198,045.60
Total $ 121,260,551.00 $ 99,062,505.40 $ 22,198,045.60
3 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
2011 RR Property $ 6,800,491,534.00
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
2012 RR Property $ 6,676,536,785.00
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
Equalized Valuation Real Property with Improvements plus assessed valuation of Class II
Equalized Valuation Basis - Average of (1), (2) and (3)....
2013 RR Property $ 6,483,358,589.00
5 Net Debt expressed as a percentage of such equalized valuation basis is: %
summary
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BONDS AND NOTES FOR LOCAL SCHOOL PURPOSES
Local School District Type (select one): Type II
1 Term Bonds $ -
2 Serial Bonds
Issued $ 91,391,000.00
Authorized but not issued $ 973.00
3 Temporary Notes
Issued $ -
Authorized but not issued $ -
4 Total Bonds and Notes $ 91,391,
$ 91,391,973.00
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 such bonds.
funds on hand in those cases where such funds cannot be divested to purposes other than the payment of bonds and notes included in Line 4.
5
funds on hand in those cases where such funds cannot be diverted to purposes other than the payment of bonds and notes included in Line 64.
6
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.
7
8 % of average of equalized valuations $ 6,653,462,302.67 4.00% $ 266,138,492.11 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)) $ 266,138,492.11
10 Total Potential Deduction $ 91,391,973.00
Total Allowable Deduction $ 91,391,973.00
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BONDS AND NOTES FOR REGIONAL SCHOOL PURPOSES 1
1 TERM BONDS $
2 SERIAL BONDS $
3 TEMPORARY BONDS AND NOTES
4 TOTAL OF REGIONAL SCHOOL BONDS AND NOTES $
Regional School District
Issued -
Authorized but not issued $
Issued $
Authorized but not issued $
<div style="text-align: center;"><img src="imgs/img_in_image_box_41_26_2191_55.jpg" alt="Image" width="94%" /></div>
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 |
|---|---|---|---|---|---|
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| Totals | $ - | 0.00% | $ - | $ - | $ - |
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BONDS AND NOTES FOR REGIONAL SCHOOL PURPOSES 2
1 TERM BONDS $
2 SERIAL BONDS
3 TEMPORARY BONDS AND NOTES
4 TOTAL OF REGIONAL SCHOOL BONDS AND NOTES $
Regional School District
Issued $
Authorized but not issued $
Issued $
Authorized but not issued $
<div style="text-align: center;"><img src="imgs/img_in_image_box_40_28_2208_58.jpg" alt="Image" width="94%" /></div>
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 |
|---|---|---|---|---|---|
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| $ - | 0% | $ - | $ - | $ - | |
| Totals | $ - | 0.00% | $ - | $ - | $ - |
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BONDS AND NOTES FOR UTILITY FUND
IV. None Utility
Term bonds $ -
Serial bonds
Bond Anticipation Notes
Capital Notes (N.J.S.A. 40A:2-8)
Other
Total $ -
Issued $ -
Authorized but not issue $ -
Issued $ -
Authorized but not issued $ -
Issued $ -
Authorized but not issued $ -
Issued $ -
Authorized but not issued $ -
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
Total Cash Receipts from Fees, Rents or Other Charges for Year
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) | $ | - |
Deficit (smaller of Line 9 or Line 10)
If Excess in Revenues (Line 8) all Utility Debt is Deductible
Gross
Less: Deficit (Capitalized at 5%), (Line 9 or line 11) $
Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
- times 20 -
Deduction
$ $ -
Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
Total Deduction (Deficit in revenues) $–
NonDeductible Combined GO Debt
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BONDS AND NOTES FOR UTILITY FUND
None Utility
Term bonds $ -
Serial bonds
Bond Anticipation Notes
Capital Notes (N.J.S.A. 40A:2-8)
Other
Total $ -
Issued $ -
Authorized but not issue $ -
Issued $ -
Authorized but not issued $ -
Issued $ -
Authorized but not issued $ -
Issued $ -
Authorized but not issued $ -
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
Total Cash Receipts from Fees, Rents or Other Charges for Year $ -
Operating and Maintenance Cost $ -
Debt Service
Interest $ -
Notes $ -
Serial Bonds $ -
Sinking Fund Requirements $ -
Debt Service per Current Budget (N.J.S.A. 40A:2-52)
Interest on Refunding Bonds $ -
Refunding Bonds $ -
Anticipated Deficit in Dedicated Assessment Budget $ -
Total Debt Service $ -
Total Debt Service
$ $ -
7. Total Deductions (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) | $ - |
Deficit (smaller of Line 9 or Line 10)
If Excess in Revenues (Line 8) all Utility Debt is Deductible
Gross None_____ System Debt $_____
Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
Less. Denit (Capitanized at 5%), (Eme 9 of time 11)
- times 20 -
<div style="text-align: center;"><img src="imgs/img_in_image_box_0_21_435_71.jpg" alt="Image" width="99%" /></div>
Deduction
Deduction
Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
$_____
Total Deduction (Deficit in revenues) $___
NonDeductible Combined GO Debt
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BONDS AND NOTES FOR UTILITY FUND
None Utility
Term bonds $ -
Serial bonds
Issued $ -
Authorized but not issue $ -
3 Bond Anticipation Notes
4 Capital Notes (N.J.S.A. 40A:2-8)
5 Other
Issued $ -
Authorized but not issued $ -
Issued $ -
Authorized but not issued $ -
Issued $ -
Authorized but not issued $ -
6 Total $ -
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
Total Cash Receipts from Fees, Rents or Other Charges for Year $ -
Operating and Maintenance Cost $ -
Debt Service
Interest $ -
Notes $ -
Serial Bonds $ -
Sinking Fund Requirements $ -
Debt Service per Current Budget (N.J.S.A. 40A:2-52)
Interest on Refunding Bonds $ -
Refunding Bonds $ -
Anticipated Deficit in Dedicated Assessment Budget $ -
Total Debt Service $ -
Total Deductions (Line 2 plus Line 6) $ -
Excess in Revenues (Line 1 minus Line 7) $ -
Deficit in Revenues (Line 7 minus Line 1) $ -
Total Debt Service (Line 6) $ -
Deficit (smaller of Line 9 or Line 10) $ -
If Excess in Revenues (Line 8) all Utility Debt is Deductible
Gross None System Debt $ -
Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
- times 20
Deduction $ -
Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
Total Deduction (Deficit in revenues) $ -
NonDeductible Combined GO Debt
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BONDS AND NOTES FOR UTILITY FUND
None Utility
Term bonds $ -
Serial bonds
Issued $ -
Authorized but not issue $ -
Bond Anticipation Notes
Capital Notes (N.J.S.A. 40A:2-8)
Issued $ -
Authorized but not issued $ -
Issued $ -
Authorized but not issued $ -
Issued $ -
Authorized but not issued $ -
Other
Total $ -
DEDUCTIONS APPLICABLE TO BONDS AND NOTES FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
Total Cash Receipts from Fees, Rents or Other Charges for Year
Total Deductions (Line 2 plus Line 6) $
$ -
Excess in Revenues (Line 1 minus Line 7)
9. Deficit in Revenues (Line 7 minus Line 1)
$ -
Deficit in Revenues (Line 7 minus Line 1)
$ -
Total Debt Service (Line 6)
$ -
Deficit (smaller of Line 9 or Line 10)
If Excess in Revenues (Line 8) all Utility Debt is Deductible
$ -
Gross None___ System Debt $___
Less: Deficit (Capitalized at 5%), (Line 9 or line 11)
- times 20 -
Less: Deficit (Capitalized at 5%), (Line 9 or line 11) $
Deduction
Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
Plus: Cash held to Pay Bonds and Notes included in 2 (a) above
The image is too blurry to recognize any text content.
$
$
(f) NonDeductible Combined GO Debt
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OTHER BONDS, NOTES AND LOANS - Page 1
1 TERM BONDS (state purposes separately)
Total Term Bonds
2 SERIAL BONDS (state purposes separately)
(a) Issued
Issued General Improvement Bonds Var.-2003 $ 931,000.00
Open Space Bonds-2003 $ 2,425,000.00
General Improvement Bonds Var.-2008 $ 13,497,000.00
Open Space Bonds-2008 $ 3,334,000.00
Refunding Bonds-1996/2001 2009 $ 2,305,000.00
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total Serial Bonds Issued
$22,492,000.00
Total Serial Bonds Authorized but not Issued
3 Total Serial Bonds Issued and Authorized but not Issued
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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)
Issued
Capital Notes (N.J.S.A. 40A:2-8)
Bonds issued by another Public Body Guaranteed by the Municipality
Green Trust Loans
Infrastructure Trust
(6)
(7)
Miscellaneous Bonds, Notes and Loans Issued
(b) Authorized but not issued
Capital Notes (N.J.S.A. 40A:2-8)
Bonds issued by another Public Body Guaranteed by the Municipality
(4)
(5)
Miscellaneous Bonds and Notes Authorized but not Issued
<div style="text-align: center;"><img src="imgs/img_in_image_box_1_0_423_85.jpg" alt="Image" width="96%" /></div>
：
∴
<table><tr><td></td></tr><tr><td></td></tr><tr><td></td></tr></table>
___
･･･
$ ___ -
<div style="text-align: center;"><img src="imgs/img_in_image_box_1_11_446_292.jpg" alt="Image" width="99%" /></div>
.
$ $ -
Total Miscellaneous Bonds, Notes and Loans Issued and Authorized but not Issued
$ $ -
muni other
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DEDUCTIONS APPLICABLE TO OTHER BONDS AND NOTES
Amounts held or to be held for the sole purpose of paying general bonds and notes included
Sinking funds on hand for term bonds
(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
-
Reserve for debt service $1,853,770.57
Reserve for debt service $57,761.83
$
\ 1,911,532.40
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
1,911,532.40
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
$
current time current date current date current time current date current time current date current date current time $ \underline
$
$
<div style="text-align: center;"><img src="imgs/img_in_image_box_10_22_478_75.jpg" alt="Image" width="97%" /></div>
Accounts receivable from other public authorities applicable only to the payment of any part of the gross debt not otherwise deductible
Open Space Trust (40A:2-44h) $ 5,759,000.00
(2) $ -
(3) $ -
5,759,000.00; hline vdots vdots vdots; hline - -
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 \(\underline{\text}}$ 5,759,000.00
$
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)]
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)
5. Refunding Bonds (N.J.S.A 40A:2-52)
- 7,670,532.40
Total Deductions Applicable to Other Bonds and Notes
muni deduction
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SPECIAL DEBT STATEMENT BORROWING POWER
AVAILABLE UNDER NJSA 40A:2-7(f)
Balance of debt incurring capacity December 31, 2012 (NJSA 40:1-16(d))
$
Obligations heretofore authorized during 2013 in excess of debt limitation and pursuant to:
NJSA 40A:2-7, paragraph (d)
NJSA 40A:2-7, paragraph (f)
NJSA 40A:2-7, paragraph (g)
Total
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Less 2012 authorizations repealed during 2013 ______ ______ ______ ______ ______ ______ ______ ______
<div style="text-align: center;"><img src="imgs/img_in_image_box_10_16_441_68.jpg" alt="Image" width="96%" /></div>
<div style="text-align: center;"><img src="imgs/img_in_image_box_2_1_409_80.jpg" alt="Image" width="96%" /></div>
<div style="text-align: center;"><img src="imgs/img_in_image_box_16_82_406_148.jpg" alt="Image" width="92%" /></div>
<div style="text-align: center;"><img src="imgs/img_in_image_box_8_20_414_89.jpg" alt="Image" width="97%" /></div>
4. Net authorizations during 2013
5. Balance of debt incurring capacity December 31, 2013 (NJSA 40:1-16(d))
special Debt
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Obligations NOT Included in Gross Debt
Guarantees NOT included in Gross Debt - Public and Private
(2)
(4)
(6)
(8)
(10)
(12)
(14)
(16)
(18)
(20)
(22)
(24)
(26)
(28)
(30)
(32)
(34)
(36)
(38)
(40)
(42)
(44)
(46)
(48)
(50)
Total Guarantees NOT included in Gross Debt - Public and Private