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POPULATION LAST CENSUS NET VALUATION TAXABLE 2011 MUNICODE 17,503 2,090,990,103 0210
FIVE DOLLARS PER DAY PENALTY IF NOT FILED BY: COUNTIES - JANUARY 26, 2012 MUNICIPALITIES - FEBRUARY 10, 2012
ANNUAL FINANCIAL STATEMENT REQUIRED TO BE FILED UNDER NEW JERSEY STATUTES ANNOTATED 40A:5-12, AS AMENDED, COMBINED WITH INFORMATION REQUIRED PRIOR TO CERTIFICATION OF BUDGETS BY THE DIRECTOR OF THE DIVISION OF LOCAL GOVERNMENT SERVICES. BOROUGH OF DUMONT, COUNTY OF BERGEN SEE BACK COVER FOR INDEX AND INSTRUCTIONS. DO NOT USE THESE SPACES
Date 1 2
I hereby certify that the debt shown on Sheets 31 to 34a, 49 to 51a and 63 to 65a are complete, were computed by me and can be supported upon demand by a register or other detailed analysis. Signature Gary J. Vinci Title Registered Municipal Accountant
REQUIRED
I hereby certify that I am responsible for filing this verified Annual Financial Statement, which I have not prepared and information required also included herein and that this Statement is an exact copy of the original on file with the clerk of the governing body, that all calculations, extensions and additions are correct, that no transfers have been made to or from emergency appropriations and all statements contained herein are in proof, I further certify that this statement is correct insofar as I can determine from all the books and records kept and maintained in the Local Unit. Further, I do hereby certify that I, Rosemarie Giotis , am the Chief Financial Officer, License # NO500 , of the Borough of Dumont , County of Bergen and that the statements annexed hereto and made a part hereof are true statements of the financial condition of the Local Unit as at December 31, 2011, completely in compliance with N.J.S. 40A:5-12, as amended. I also give complete assurances as to the veracity of required information included herein, needed prior to certification by the Director of Local Government Services, including the verification of cash balances as of December 31, 2011. Signature Title Address Phone Number Chief Financial Officer 50 Washington Avenue, Dumont, New Jersey (201) 387-5052
IT IS HEREBY INCUMBENT UPON THE CHIEF FINANCIAL OFFICER, WHEN NOT PREPARED BY SAID, AT A MINIMUM MUST REVIEW THE CONTENTS OF THIS ANNUAL FINANCIAL STATEMENT WITH THE PREPARER, SO AS TO BE FAMILIAR WITH THE REPRESENTATIONS AND ASSERTIONS MADE HEREIN.
Sheet 1
(201) 791-7100
(Phone Number)
(201) 791-3035
(Fax Number
The undersigned certifies that the municipality has compiled with the regulations governing revenues generated by uniform construction code fees and expenditures for construction code operations for fiscal year 2011 as required under N.J.A.C. 5:23-4.17.
Sheet 1b
MUNICIPAL BUDGET LOCAL EXAMINATION QUALIFICATION CERTIFICATION BY CHIEF FINANCIAL OFFICER One of the following Certifications must be signed by the Chief Financial Officer if your municipality is eligible for local examination.
3. 4. 5.
6. 7. 8.
9. 10.
The undersigned certifies that this municipality has complied in full in meeting ALL of the above criteria in determining its qualification for local examination of its Budget in accordance with N.J.A.C. 5:30-7.5. Municipality: Chief Financial Officer: Signature: Certificate #: Date: NO500 February 8, 2012 Borough of Dumont Rosemarie Giotis
Sheet 1c
22-6001753-000
Fed I.D. #
DUMONT Municipality
BERGEN County
Fiscal Year Ending: (1) Federal Programs Expended (administered by the State)
TOTAL $
23,906
Type of Audit required by OMB A-133 and OMB 04-04: Single Audit Program Specific Audit X Financial Statement Audit Performed in Accordance With Government Auditing Standards (Yellow Book)
Note: All local governments, who are recipients of federal and state awards (financial assistance), must report the total amount of federal and state funds expended during its fiscal year and the type of audit required to comply with OMB A-133 (Revised 6/27/03) and OMB 04-04. The single audit threshold has been increased to $500,000 beginning with fiscal year ending 12/31/03. Expenditures are defined in Section 205 of OMB A-133. (1) Report expenditures from federal pass-through programs received directly from state governments. Federal pass-through funds can be identified by the Catalog of Federal Domestic Assistance (CFDA) number reported in the State's grant/contract agreements. (2) Report expenditures from state programs received directly from state government or indirectly from pass-through entities. Exclude state aid (I.e., CMPTRA, Energy Receipts tax, etc.) since there are no compliance requirements. (3) Report expenditures from federal programs received directly from the federal government or indirectly from entities other than state governments.
Sheet 1d
CERTIFICATION
I hereby certify that there was no "utility fund" on the books of account and there was no utility owned and operated by the Borough County of Bergen essary. I have therefore removed from this statement the sheets pertaining only to utilities Name Title Registered Municipal Accountant of Dumont ,
(This must be signed by the Chief Financial Officer, Comptroller, Auditor or Registered Municipal Accountant.) NOTE: When removing the utility sheets, please be sure to refasten the "index" sheet (the last sheet in the statement) in order to provide a protective cover sheet to the back of the document.
Certification is hereby made that the Net Valuation Taxable of property liable to taxation for the tax year 2012 and filed with the County Board of Taxation on January 10, 2012 in accordance with the requirement of N.J.S.A. 54:4-35, was in the amount of $ .
BOROUGH OF DUMONT
REVISED 2/21/12
Title of Account
Debit
Credit
Cash Change Fund Sub-Total Due To State of New Jersey - Senior Citizens Grants Receivable
Receivables and Other Assets With Reserves: 2011 Taxes Receivable Tax Title Lien Receivable Property Acquired For Taxes Due From Other Trust Fund Due From Animal Control Fund Sub-Total Deferred Charge - Special Emergency Authorizations Deferred Charge - Emergency Authorizations
Appropriation Reserves Encumbrances Payable Due to General Capital Fund Due to State - Health Due to State - DCA Training Fees Prepaid Taxes Tax Overpayments School Taxes Payable County Taxes Payable
604,632 867,793 9,194 375 2,289 176,579 250 10 2,015 Totals 4,558,573 1,663,137
BOROUGH OF DUMONT
REVISED 2/21/12
Title of Account
Debit
Credit
4,558,573
1,663,137 74,687 6,955 728 126,400 150,167 42,930 2,065,004 C 250,000 2,315,004 627,399 1,616,170
4,558,573
4,558,573
Sheet 3a
Title of Account
Debit
Credit
9,508 9,508
Total
9,508
9,508
Sheet 4
Title of Account
Debit
Credit
NOT APPLICABLE
Title of Account
Debit
Credit
ANIMAL CONTROL TRUST FUND Cash Due to Current Fund Due to State of NJ Reserve for Expenditures 16,321 16,321 6,172 146 10,003 16,321
UNEMPLOYMENT INSURANCE TRUST FUND Cash Reserve for Unemployment Insurance Benefits 36,505 36,505 36,505 36,505
OTHER TRUST FUND Cash Payroll Deductions Payable Due to Current Fund Reserve for Miscellaneous Reserves Recreation Escrow Deposits 527,069 189,740 182,926 63,665 527,069 527,069 81,128 9,610
Title of Account
Debit
Credit
(1) (2)
$ x $
.(3)
Note: If the amount of money in a dedicated fund established pursuant to this section exceeds by more than 25% the amount which the municipality expended during the prior year providing the services of a municipal public defender, the amount in excess of the amount expended shall be forwarded to the Criminal Disposition and Review Collection Fund administered by the Victims of Crime Compensation Board.
The undersigned certifies that the municipality has complied with the regulations governing Municipal Public Defender as required under Public Law 1998, C. 256.
Sheet 6a
Purpose 1. 2. 3. 4. 5. 6. 7. 8. 9. Developers Escrow $ Tax Sale Premiums POAA Drug and Alcohol
Recreation Commission
Receipts 14,092 $
Disbursements 25,009 $
10. Police Outside Services 11. Police Donations 12. Teen Center 13. Shade Tree 14. Snow Removal 15. 16. 17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. Totals: $
399,156 $
10,875,377 $
10,757,074 $
517,459
Sheet 6b
ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS
Audit Title of Liability to which Cash and Investments are Pledged Assessment Serial Bond Issues: Balance Dec. 31, 2010 XXXXX XX Assessments and Liens XXXXX XX Current Budget XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX
RECEIPTS
Disbursements Balance Dec. 31, 2011 XXXXX XX
NOT APPLICABLE
XXXXX
XX
XXXXX
XX
XXXXX
XX
XXXXX
XX
XXXXX
XX
XXXXX
XX
XXXXX
XX
XXXXX
XX
Other Liabilities Trust Surplus *Less Assets "Unfinanced" XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX XXXXX XX
Title of Account
Debit
Credit
Est. Proceeds Bonds and Notes Authorized Bonds and Notes Authorized but Not Issued Cash Grants Receivable Loan Receivable Deferred Charges to Future Taxation Funded Unfunded Cancelled Grant Receivables
XXXXXXXX XX 2,812,742
Due From Current Fund Bond Anticipation Notes Payable Serial Bonds Payable Green Acres Loan Payable BCIA Loan Payable Environmental Infrastructure Trust Loan Payable Improvement Authorizations Funded Unfunded Contracts Payable Fund Balance
28,562,831
28,562,831
Revised 5/10/12
Total 869 5,162,070 541,660 4,621,279 * - Include Deposits In Transit ** - Be sure to include a Public Assistance reconciliation and trial balance if the municipality maintains such a bank account
REQUIRED CERTIFICATION
I hereby certify that all amounts shown in the "Cash on Deposit" column on Sheet 9 and 9(a) have been verified with the applicable bank statements, certificates, agreements or passbooks at December 31, 2011. I also certify that all amounts, if any, shown for Investments in Savings and Loan Associations on any trial balance have been verified with the applicable passbooks at December 31, 2011. All "Certificates of Deposit", "Repurchase Agreements" and other investments must be reported as cash and included in this certification. (THIS MUST BE SIGNED BY THE REGISTERED MUNICIPAL ACCOUNTANT (STATUTORY AUDITOR) OR CHIEF FINANCIAL OFFICER) depending on who prepared this Annual Financial Statement as certified to on Sheet 1 or 1(a). Signature: Title: Registered Municipal Accountant
Sheet 9
Unemployment Insurance Trust Fund North Jersey Community Bank - Checking 36,505
Other Trust Fund Mariner's Bank - Checking Mariner's Bank - Checking Payroll Payroll Agency 58,447 91,541 183,920 100 12,995 248,660 29,489 625,152
Mariner's Bank - Checking (Recreation) Mariner's Bank - Petty Cash (Recreation) TD Banknorth - Checking (Escrow) TD Banknorth -Checking (Escrow) TD Banknorth -Checking (Developers Escrow)
Grand Totals
5,162,070
Note: Sections N.J.S. 40A:4-61, 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund. Sheet 9a
Totals
53,164
Sheet 10
53,164
State of New Jersey: Clean Communities Domestic Violence Alcohol Education and Rehabilitation Stormwater Drainage Drunk Driving Enforcement Fund 10,191 6,605 2,909 14,021 2,679 1,935 1,160 350 6,911 10,191 6,911 6,605 2,559 14,021 3,454
Body Armor Grant OEM Training Municipal Recycling Assistance Obey the Sign or Pay the Fine DWI Recycling Tonnage Grant Green Communities Federal: FEMA CDBG - Veteran's Plaza Other: Bergen County - Flu Vaccine
5,298 1,531 14,262 4,000 2,294 13,097 3,000 17,715 4,000 633
10,864 43,359
3,763 9,568
7,101 52,927
25 150,167
NOT APPLICABLE
Federal:
25,422 4,560
Totals
29,982
29,982
Sheet 12
42,930
42,930
Balance January 1, 2011 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy - 2010 - 2011) Levy School Year July 1, 2011 - June 30, 2012 Levy Calendar Year 2011 Paid Cancelled Balance December 31, 2011 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy - 2011 - 2012) 85003-00 85004-00
XXXXXXXX XX XXXXXXXX XX 85001-00 XXXXXXXX XX 85002-00 XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX 32,926,525 32,926,525 XXXXXXXX XX 10
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to Board of Education for use of local schools # Must include unpaid requisitions
85045-00 XXXXXXXX XX
2011 Levy
85105-00 XXXXXXXX XX
Interest Earned
XXXXXXXX XX
Expenditures
XXXXXXXX XX
85046-00
XXXXXXXX XX
Sheet 13
Balance January 1, 2011 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy - 2010 - 2011) Levy School Year July 1, 2011 - June 30, 2012 Levy Calendar Year 2011 Paid Balance December 31, 2011 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy - 2011 - 2012)
# Must include unpaid requisitions
XXXXXXXX XX XXXXXXXX XX 85031-00 XXXXXXXX XX 85032-00 XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX 85033-00 85034-00 XXXXXXXX XX XXXXXXXX XX
Balance January 1, 2011 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy - 2010 - 2011) Levy School Year July 1, 2011 - June 30, 2012 Levy Calendar Year 2011 Paid Balance December 31, 2011 School Tax Payable # School Tax Deferred (Not in excess of 50% of Levy - 2011 - 2012)
# Must include unpaid requisitions
XXXXXXXX XX XXXXXXXX XX 85041-00 XXXXXXXX XX 85042-00 XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX 85043-00 85044-00 XXXXXXXX XX XXXXXXXX XX
Sheet 14
Balance January 1, 2011 County Taxes Due County for Added and Omitted Taxes 80003-01 80003-02
2011 Levy: General County County Library County Health County Open Space Preservation Due County for Added and Omitted Taxes Paid Balance December 31, 2011 County Taxes Due County for Added and Omitted Taxes 80003-05 80003-03 80003-04
XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX 4,433,434 53,343 2,015 XXXXXXXX XX 4,372,667
80003-06
XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX
2011 Levy: (List Each Type of District Tax Separately - see Footnote) Fire Sewer Water Garbage Open Space 81108-00 81111-00 81112-00 81109-00 81105-00
XXXXXXXX XX XXXXXXXX XX
Expended
80004-09
XXXXXXXX XX
80004-10
RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID
Balance January 1, 2011 State Library Aid Received in 2011 NOT APPLICABLE Expended 80004-11 XXXXXXXX XX 80004-03 XXXXXXXX XX 80004-04 XXXXXXXX XX
80004-12
RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID (N.J.S.A. 40:54-35)
Balance January 1, 2011 State Library Aid Received in 2011 NOT APPLICABLE Expended 80004-13 XXXXXXXX XX 80004-05 XXXXXXXX XX 80004-06 XXXXXXXX XX
80004-14
80004-16
Sheet 16
Surplus Anticipated Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: Adopted Budget Added by N.J.S. 40A:4-87: (List on 17a) See Attached List
8010380104-
2,761,972 550,000
2,900,478 575,450
138,506 25,450
Amount to be Raised by Taxation: (a) Local Tax for Municipal Purposes (b) Addition to Local District School Tax Total Amount to be Raised by Taxation 801058010680107-
XXXXXXXX XX XXXXXXXX XX XXXXXXXXX XX 15,759,594 XXXXXXXX XX XXXXXXXXX XX XXXXXXXX XX XXXXXXXXX XX 15,759,594 19,887,566 16,143,845 20,435,773 384,251 548,207
Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22) Amount to be Raised by Taxation Local District School Tax Regional School Tax Regional High School Tax County Taxes Due County for Added and Omitted Taxes Special District Taxes Municipal Open Space Tax Reserve for Uncollected Taxes Deficit in Required Collection of Current Taxes (or) Balance for Support of Municipal Budget (or) *Excess Non-Budget Revenue (see footnote) *Deficit Non-Budget Revenue (see footnote)
80108-00
XXXXXXXX XX
52,438,395
XXXXXXXX XX XXXXXXXXX XX 80109-00 80119-00 80110-00 80111-00 80112-00 80113-00 80120-00 80114-00 80115-00 80116-00 80117-00 80118-00 XXXXXXXX XX 53,498,395 53,498,395 XXXXXXXX XX XXXXXXXX XX 16,143,845 XXXXXXXXX XX XXXXXXXXX XX 4,426,010 2,015 32,926,525 XXXXXXXXX XX XXXXXXXXX XX XXXXXXXXX XX XXXXXXXXX XX XXXXXXXXX XX XXXXXXXXX XX XXXXXXXXX XX 1,060,000
* These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" column of the statement at the top of this sheet. In such instances, any excess or deficit in the above allocation would apply to "Non-Budget Revenue" only.
Sheet 17
Source
Budget
Realized
Excess or Deficit
I hereby certify that the above list of Chapter 159 insertions of revenue have been realized in cash or I have received written notification of the award of public or private revenue. These insertions meet the statutory requirements of N.J.S.A. 40A:4-87 and matching funds have been provided if applicable. CFO Signature:______________________________________________________________________
Sheet 17a
BOROUGH OF DUMONT
REVISED 2/21/12
19,887,566
20,241,254
2011 Authorizations N.J.S. 40A:4-46 (After adoption of Budget) N.J.S. 40A:4-20 (Prior to adoption of Budget) Total Authorizations Deduct Expenditures: Paid or Charged Reserved Total Expenditures NOT APPLICABLE
Sheet 18
Debit
Credit
Required Collection of Current Taxes Unexpended Balances of 2011 Budget Appropriations Miscellaneous Revenue Not Anticipated Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property (Sheet 27) Payments in Lieu of Taxes on Real Property Sale of Municipal Assets Unexpended Balances of 2010 Appropriation Reserves Prior Years Interfunds Returned in 2011 Cancellations
80013-03 XXXXXXXX XX 80013-04 XXXXXXXX XX 811138111481120XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX 80013-05 XXXXXXXX XX 80013-06 XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX
Deferred School Tax Revenue: (See School Taxes, Sheets 13 & 14) Balance January 1, 2011 Balance December 31, 2011 Deficit in Anticipated Revenues: Miscellaneous Revenues Anticipated Delinquent Tax Collections 80013-09 80013-10 80013-07
Required Collection of Current Taxes Interfund Advances Originating in 2011 Refund of Prior Year Revenues Adjust Tax Sale Premium Adjust Reserve for Receivable
Deficit Balance - To Trial Balance (Sheet 3) Surplus Balance - To Surplus (Sheet 21)
Pilot - Swim Club Metro PCS Monopole FEMA Reimbursement Miscellaneous Sale of Property Admin Fee - Srs & Vets DMV Insurance Reimbursement Statutory Excess from Animal Control LOSAP Reimbursements 6% Penalties Pension Reimbursement from Library Stale Dated Checks Workers Comp - Library 2010 Other Reimbursements Insurance Fund Dividend DPW Labor Charges Prior Year Cancelled Payables GE Capital Reimbursement
10,328 36,416 23,465 7,735 25,000 4,117 2,240 11,075 6,172 18,326 8,414 43,296 13,104 8,371 22,093 10,610 4,307 150 2,979
258,198
Sheet 20
1. Balance January 1, 2011 2. 3. Excess Resulting from 2011 Operations 4. Amount Appropriated in the 2011 Budget - Cash 5. Amount Appropriated in the 2011 Budget - with Prior Written Consent of Director of Local Government Services 6. 7. Balance December 31, 2011
80014-01
XXXXXXXX XX XXXXXXXX XX
1,322,591
XXXXXXXX XX 816,000
80014-05
1,616,170 2,432,170
XXXXXXXX XX 2,432,170
ANALYSIS OF BALANCE DECEMBER, 31, 2011 (FROM CURRENT FUND - TRIAL BALANCE)
Cash Investments
80014-06 80014-07
3,515,263
Sub Total Deduct Cash Liabilities Marked with "C" on Trial Balance Cash Surplus Deficit in Cash Surplus Other Assets Pledged to Surplus: * (1) Due from State of N.J. Senior Citizens and Veterans Deduction Deferred Charges # Cash Deficit # Grants Receivable 80014-08 80014-09 80014-10
9,059 103,688
53,164
80014-14
165,911 1,616,170
* IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS 80014-15 WOULD ALSO BE PLEDGED TO CASH LIABILITIES. # MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN 2012 BUDGET. (1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.
40A:4-55.1 (Roads and Bridges, etc.) and N.J.S. 40A:4-55.13 (Public Exigencies, etc.) to the extent of emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.
NOTE: Deferred charges for authorizations under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.), N.J.S.
Sheet 21
$ 52,107,931 $
82123-00 82111-00
205,579
Sheet 22
ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99 To Calculate Underlying Tax Collection Rate for 2011
Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P.L. 1997. (1) Utilizing Accelerated Tax Sale Total of Line 10 Collected in Cash (sheet 22)..........................................................................$ LESS: Proceeds from Accelerated Tax Sale............................................................................. NET Cash Collected ....................................................................................$ Line 5c (sheet 22) Total 2011 Tax Levy...................................................................................$ Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is..............................................................................
NOT APPLICABLE
(2) Utilizing Tax Levy Sale Total of Line 10 Collected in Cash (sheet 22)..........................................................................$ LESS: Proceeds from Tax Levy Sale (excluding premium).................................................... NET Cash Collected ....................................................................................$ Line 5c (sheet 22) Total 2011 Tax Levy...................................................................................$ Percentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is..............................................................................
NOT APPLICABLE
Sheet 22a
SCHEDULE OF DUE FROM/TO STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Debit Credit
1.
Balance January 1, 2011 Due From State of New Jersey Due To State of New Jersey
XXXXXXXX XX XXXXXXXX XX 9,309 XXXXXXXX XX 28,000 176,750 750 3,000 XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX
2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Sr. Citizens Deductions Per Tax Billings Veterans Deductions Per Tax Billings Sr. Citizens Deductions Allowed By Tax Collector Veterans Deductions Allowed By Tax Collector
Sr. Citizens Deductions Disallowed By Tax Collector Sr. Citizens Deductions Disallowed By Tax Collector 2010 Taxes Received in Cash from State
2,921
205,829
12. Balance December 31, 2011 Due From State of New Jersey Due To State of New Jersey
Calculation of Amount to be included on Sheet 22, Item 102011 Senior Citizens and Veterans Deductions Allowed Line 2 Line 3 Line 4 & 5 Sub-Total Less: Line 7 To Item 10, Sheet 22 28,000 176,750 3,750 208,500 2,921 205,579
Sheet 23
SCHEDULE OF RESERVE FOR TAX APPEALS PENDING N.J. DIVISION OF TAX APPEALS (N.J.S.A. 54:3-27)
Debit Credit
Balance January 1, 2011 Taxes Pending Appeals Interest Earned on Taxes Pending Appeals Contested Amount of 2011 Taxes Collected which are Pending State Appeal (Item 14, Sheet 22) Interest Earned on Taxes Pending State Appeals 2011 Budget Appropriation Cash Paid to Appellants (Including 5% Interest from Date of Payment) Closed to Results of Operations (Portion of Appeal won by Municipality, including Interest) 68,553
XXXXXXXX XX
68,553
25,866
Balance December 31, 2011 Taxes Pending Appeals* Interest Earned on Taxes Pending Appeals * Includes State Tax Court and County Board of Taxation Appeals Not Adjusted by December 31, 2011 74,687
74,687
XXXXXXXX XX
License #
Date
Sheet 24
COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN 2012 MUNICIPAL BUDGET
YEAR 2012 1. Total General Appropriations for 2012 Municipal Budget Statement Item 8 (L) (Exclusive of Reserve for Uncollected Taxes) 800152. Local District School Tax Actual 80016800178002580026800188001980020800218002280023800278002880024-01 80024-02 80024-03
[820034-04]
Estimate** 3. Regional School District Tax - Actual 4. Regional High School Tax School Budget 5. County Tax Estimate* Actual Estimate* Actual Estimate* 6. Special District Taxes Actual Estimate* 7. Municipal Open Space Tax Actual Estimate* 8. Total General Appropriations & Other Taxes 9. Less: Total Anticipated Revenues from 2012 in Municipal Budget (Item 5) 10. Cash Required from 2012 Taxes to Support Local Municipal Budget and Other Taxes 11. Amount of item 10 Divided by Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage shown by Item 13, Sheet 22) Analysis of Item 11: Local District School Tax (Amount Shown on Line 2 Above) Regional School District Tax (Amount Shown on Line 3 Above) Regional High School Tax (Amount Shown on Line 4 Above) County Tax (Amount Shown on Line 5 Above) Special District Tax (Amount Shown on Line 6 Above) Municipal Open Space Tax (Amount Shown on Line 7 Above)
XXXXXXXX XX
XXXXXXXX XX
XXXXXXXX XX
80024-05
Must not be stated in an amount less than "actual" Tax of year 2011.
** May not be stated in an amount less than proposed budget submitted by the Local Board of Education to the Commissioner of Education on January 15, 2012 (Chap. 136, P.L. 1978). Consideration must be given to calendar year calculation.
Tax in Local Municipal Budget Total Amount (see Line 11) 12. Appropriation: Reserve for Uncollected Taxes (Budget Statement, Item 8 (M) (Item 11, Less Item 10) Computation of "Tax in Local Municipal Budget" Item 1 - Total General Appropriations
80024-06
Note: The amount of anticipated revenues (Item 9) may never exceed the total of Items 1 and 12.
Item 12 - Appropriation: Reserve for Uncollected Taxes Sub-Total Less: Item 9 - Total Anticipated Revenues Amount to be Raised by Taxation in Municipal Budget 80024-07 Sheet 25
B. Reserve for Uncollected Taxes Exclusion Outstanding Balance of Delinquent Taxes (sheet 26, Item 14A) x % of Collection (Item 16)
NOT APPLICABLE
C. TIMES: % of increase of Amount to be Raised by Taxes over Prior Year % [(2012 Estimated Total Levy - 2011 Total Levy)/2011 Total Levy] D. Reserve for Uncollected Taxes Exclusion Amount [(B x C) + B]
2012 Reserve for Uncollected Taxes Appropriation Calculation (Actual) 1. 2. Subtotal General Appropriations (item8(L) budget sheet 29) Taxes not Included in the budget (AFS 25, items 2 thru 7) Total 3. 4. 5. 6. Less: Anticipated Revenues (item 5, budget sheet 11) Cash Required Total Required at _______________% (items 4+6) Reserve for Uncollected Taxes (item E above) $ $ $ $ $ $ $
Sheet 25a
1.
Balance January 1, 2011 A. Taxes B. Tax Title Liens 83102-00 83103-00 575,458 3,022
578,480 XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX 83105-00 83106-00 XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX 83108-00 83109-00 83110-00 83111-00 XXXXXXXX XX 83104-00 83107-00 (1) XXXXXXXX XX 578,480 578,472 XXXXXXXX XX 83116-00 83117-00 83118-00 83119-00 83123-00 641 528,428 XXXXXXXX XX 83121-00 83122-00 528,428 3,663 XXXXXXXX XX XXXXXXXX XX 1,107,541 575,450 XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX (1) XXXXXXXX XX XXXXXXXX XX
2.
3.
XXXXXXXX XX
4. 5. 6.
Added Taxes Added Tax Title Liens Adjustment between Taxes (Other than current year) and Tax Title Liens: A. Taxes - Transfers to Tax Title Liens B. Tax Title Liens - Transfers from Taxes
XXXXXXXX XX 578,472 578,480 XXXXXXXX XX 575,450 XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX 532,091 XXXXXXXX XX XXXXXXXX XX 1,107,541
7. 8. 9. 10.
Balance Before Cash Payments Totals Balance Brought Down Collected: A. Taxes B. Tax Title Liens
Interest and Costs - 2011 Tax Sale 2011 Taxes Transferred to Liens 2011 Taxes Balance December 31, 2011 A. Taxes B. Tax Title Liens
Totals Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 99.47% Item No. 14 multiplied by percentage shown above is maximum amount that may be anticipated in 2012. $ 529,271 83125-00
(See Note A on Sheet 22 - Current Taxes) (1) These amounts will always be the same.
Sheet 26
CONTRACT SALES
NOT APPLICABLE 15. Balance January 1, 2011 16. 2011 Sales from Foreclosed Property 17. Collected * 18. 19. Balance December 31, 2011 84115-00 84116-00 84117-00 XXXXXXXX XX 84118-00 XXXXXXXX XX 84119-00 XXXXXXXX XX Debit Credit XXXXXXXX XX XXXXXXXX XX
MORTGAGE SALES
NOT APPLICABLE 20. Balance January 1, 2011 21. 2011 Sales from Foreclosed Property 22. Collected * 23. 24. Balance December 31, 2011 Analysis of Sale of Property: * Total Cash Collected in 2011 Realized in 2011 Budget To Results of Operation (Sheet 19) Sheet 27 $ (84125-00) 0 0 84120-00 84121-00 84122-00 XXXXXXXX XX 84123-00 XXXXXXXX XX 84124-00 XXXXXXXX XX Debit Credit XXXXXXXX XX XXXXXXXX XX
DEFERRED CHARGES
- MANDATORY CHARGES ONLY -
1.
2.
$ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $
3. 4. 5. 6. 7. 8. 9. 10.
EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51
Date 1. 2. 3. 4. 5. 12/6/11 Purpose Remediation and Reconstruction of Twin Boro Field $ $ $ $ $ 1,134,682 Amount
In Favor of 1. 2. 3. 4.
Date Entered $ $ $ $
Amount
Sheet 28
N.J.S. 40A:4-53 SPECIAL EMERGENCY - TAX MAP; REVALUATION; MASTER PLAN; REVISION AND CODIFICATION OF ORDINANCES; DRAINAGE MAPS
FOR FLOOD CONTROL; PRELIMINARY ENGINEERING STUDIES, ETC. FOR SANITARY SEWER SYSTEM; MUNICIPAL CONSOLIDATION ACT; FLOOD OR HURRICANE DAMAGE.
Date
Purpose
Amount Authorized
REDUCED IN 2011 Balance Dec. 31, 2010 By 2011 Budget Canceled by Resolution Balance Dec. 31, 2011
10,000 4,000
Totals
320,000
64,000
14,000
14,000 80025-00
250,000 80026-00
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A:4-53 et seq. and are recorded on this page
Chief Financial Officer
* Not less than one-fifth (1/5) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2011" must be entered here and then raised in the 2012 budget. Sheet 29
N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD N.J.S. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES
Date
Purpose
Amount Authorized
REDUCED IN 2011 Balance Dec. 31, 2010 By 2011 Budget Canceled by Resolution Balance Dec. 31, 2011
NOT APPLICABLE
It is hereby certified that all outstanding "Special Emergency" appropriations have been adopted by the governing body in full compliance with N.J.S. 40A:4-55.1 et seq. and are recorded on this page
Chief Financial Officer
* Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column "Balance Dec. 31, 2011" must be entered here and then raised in the 2012 budget. Sheet 30
SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2012 DEBT SERVICE FOR BONDS
(MUNICIPAL) GENERAL CAPITAL BONDS
Debit Credit 2012 Debt Service
11,938,000
XXXXXXXX XX
80033-04
640,000
80033-10
XXXXXXXX XX
2012 Bond Maturities - Assessment Bonds 2012 Interest on Bonds * Total "Interest on Bonds - Debt Service" (*Items) 80033-12 $
80033-11
80033-13
364,610
NOT APPLICABLE
SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2012 DEBT SERVICE FOR LOANS
MUNICIPAL GENERAL CAPITAL LOANS
Debit GREEN ACRES LOAN Outstanding January 1, 2011 Issued Paid 80033-01 80033-02 80033-03 XXXXXXXX XX XXXXXXXX XX 12,302 XXXXXXXX XX 186,351 Credit 2012 Debt Service
Outstanding December 31, 2011 2012 Loan Maturities 2012 Interest on Loans Total 2012 Debt Service for
80033-04 $
174,049 186,351
80033-06 Loan
NJ ENVIRONMENTAL INFRASTRUCTURE LOANS Outstanding January 1, 2011 Issued Paid 80033-07 80033-08 80033-09 XXXXXXXX XX $ 6,796,475 XXXXXXXX XX 286,781 XXXXXXXX XX
80033-10
$ 6,509,694 6,796,475
2012 Loan Maturities 2012 Interest on Loans Total 2012 Debt Service for Loan
80033-13
NOT APPLICABLE
Revised 5/10/12
SCHEDULE OF LOANS ISSUED AND OUTSTANDING AND 2012 DEBT SERVICE FOR LOANS
MUNICIPAL GENERAL CAPITAL LOANS
Debit BCIA LOAN Outstanding January 1, 2011 Issued Paid 80033-01 80033-02 80033-03 XXXXXXXX XX XXXXXXXX XX 23,000 XXXXXXXX XX 907,000 Credit 2012 Debt Service
Outstanding December 31, 2011 2012 Loan Maturities 2012 Interest on Loans Total 2012 Debt Service for
80033-04 $
884,000 907,000
80033-06 Loan
80033-10
2012 Loan Maturities 2012 Interest on Loans Total 2012 Debt Service for Loan
80033-13
NOT APPLICABLE
Sheet 31b
SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND 2012 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS
Debit Credit 2012 Debt Service
Revised 5/10/12
Outstanding January 1, 2011 Paid NOT APPLICABLE Outstanding December 31, 2011
80034-03
XXXXXXXX XX
2012 Bond Maturities - Term Bonds 2012 Interest on Bonds * Outstanding January 1, 2011 Issued Paid NOT APPLICABLE
80034-04 80034-05
$ $
80034-09
XXXXXXXX XX
80034-10
$ 80034-11 80034-12 $ $
NOT APPLICABLE
Total
80035-
800368003780038-
$ $ $ $ $ $ 250,000
$ $ $ $ $ $ 4,612
Revised 5/10/12
1323 Reconstruction of Pershing 1393 Various General Improvements 1393 Various General Improvements 1409 Library and Sr. Ctr. Handicap 1416 Park Improvements 1421 Various Capital Improvements
25,995 28,900
Sub -Total
Memo: Type I School Notes should be separately listed and totaled.
2,100,000
Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually. * " Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued. All notes with an original date of issue of 2009 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in 2012 or written intent of permanent financing submitted with statement. ** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.
54,895 80051-01
31,325 80051-02
NOT APPLICABLE
80051-01
80051-02
Assessment Notes with an original date of issue of December 31, 2009 or prior must be appropriated in full in the 2012 Dedicated Assessment Budget or written intent of permanent financing
$ 80051-01
$ 80051-02
1275 Refund Unfunded Pension Liability 1292/1315 Repaving of Roads 1299/1320 Various Impvts and Acquis. 1321 Acquisition of Street Sweeper 1323 Reconstruction of Pershing Ave. 1344/1375/1407 Various Storm Sewer Impvts 1349 2007 Road Program 1353 Acquisition of a Fire Truck 1363 Resurfacing of Howard Street 1364/1405 Various Improvements 1380/1404 Park Improvements 1393 Various General Improvements 1400 Reconstruction of Short Street 1401 Reconstruction of Bussell Court Sub-Total 84,465 16,735 4,164,308 8,365 983 14,825 18,670 3,431,458 104,305 12,528 146,144 4,085 321,745
17,000 1,617 (3,167) 1,135 150,000 676,000 1,135 727,902 2,269 1,135 438 2,215 67,512 214,601 500 51,211 59,058 1,057,601 0 Sheet 35 59,058 853,902 0 33,254 75,793 3,352,429 2,703,556 102,036 11,393 145,706 1,870 254,233 6,748 4,150 13,690
17,000
167,535 676,000
214,101
1,074,636
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization
1409 Library and Sr. Ctr. Handicap Access 1416 Impvts to Veteran's Memorial Park and Other Parks and Fields 1421 Various Capital Improvements 1431 DPW Garage Site Improvements 1432 Phase III Storm Sewer Improvements 1434 Various Capital Improvements 1436 Roosevelt Ave Flood Project 1438 Twin Boro Field Remediation 25,223
198,315
197,375
940
161,141
6,000 60,000
114,000 1,140,000
Place an * before each item of "Improvement" which represents a funding or refunding of an emergency authorization
Debit
Credit
XXXXXXXX XX Improvement Authorizations Canceled (financed in whole by the Capital Improvement Fund) 80031-03 XXXXXXXX XX
XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX XXXXXXXX XX
80031-04
110,216
XXXXXXXX XX XXXXXXXX XX
80031-05
0 110,216
XXXXXXXX XX 110,216
* The full amount of the 2011 budget appropriation should be transferred to this account unless the balance of the appropriation is to be permitted to lapse.
Sheet 36
NOT APPLICABLE
Debit
Credit
Balance January 1, 2011 Received from 2011 Budget Appropriation * Received from 2011 Emergency Appropriation *
XX XX XX
80030-04
XXXXXXXX XXXXXXXX
XX XX XX
80030-05
XXXXXXXX
*The full amount of the 2011 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse.
Purpose
Amount Appropriated
Ord. 1431 DPW Garage Site Imp Ord. 1432 Phase III Storm Sewer Ord. 1434 Various Capital Impvt Ord. 1436 Roosevelt Ave Flood Ord. 1438 Twin Boro Field
Total 80032-00
2,225,000
2,114,784
110,216
110,216
NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount in column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.
Sheet 37
Debit
Credit
Balance January 1, 2011 Premium on Sale of Bonds Fund Improvement Authorizations Canceled Cancellation of Prior Year Balance Premium on Sale of Notes
80029-01
110,395
714
Appropriated to Finance Improvement Authorizations Appropriated to 2011 Budget Revenue Balance December 31, 2011
$ $
$ $ $ $
Footnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached hereto Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as a deduction and with the amount of Item 7 extended into the 2011 appropriation column.
Sheet 38
MUNICIPALITIES ONLY
IMPORTANT
This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete (N.J.S.A.52:27BB-55 as Amended by Chap. 211, P.L 1981) A. 1. 2. 3. Total Tax Levy for the Year 2011 was Amount of Item 1 Collected in 2011 (*) Seventy (70) percent of Item 1 $ 52,438,395 $ 37,207,132 $ 53,153,045
B. 1. 2. Did any maturities of bonded obligations or notes fall due during the year 2011? Answer YES or NO YES Have payments been made for all bonded obligations or notes due on or before December 31, 2011? Answer YES or NO: YES
If answer is "NO" give details
NOTE: If answer to Item B1 is YES, then Item B2 must be answered C. Does the appropriation required to be included in the 2012 budget for the liquidation of all bonded obligations or notes exceed 25% of the total of appropriations for operating purposes in the budget for the year just ended? Answer YES or NO: NO D. 1. 2. Cash Deficit 2010 4% of 2010 Tax Levy for all purposes: Levy - - $ Cash Deficit 2011 4% of 2011 Tax Levy for all purposes: Levy - - $ Unpaid 1. State Taxes 2. County Taxes $ $ 2010 $ $ 2,015 $ NONE
$ $ NONE
3. 4.
= 2011
$ Total $ $ 2,015
E.
Sheet 39
30. 31. & 31a. 32. 33. 34. & 34a. 35 & 35a. 36. 37. 37. 38. 39.
Borough of Dumont