Roselle, NJ SFY 2009 Audit Report

Report of Audit
on the

Financial Statements

of the

Borough of Roselle

in the

County of Union New Jersey

for the

Fiscal Year Ended June 30,2009

BOROUGH OF ROSELLE

INOEX

PAGES

Independent Auditor's Report

1-3

EXHIBITS

Financial Statements - Statutory Basis

9urrent Fund

Balance Sheets - Statutory Basis

Statements of Operations and Change in Fund Balance - Statutory Basis Statement of Revenues - Statutory Basis Year Ended June 30, 2009 Statement of Expenditures - Statutory Basis Year Ended June 30, 2009

"A"

"A-1" "A-2" "A-3"

Trust Fund


"8"

General Capital Fund


Statement of Fund Balance - Statutory Basis

"C"

"C-1"

Affordable Housing Utility Fund

Balance Sheet - Statutory Basis

Statement of Operations and Change in Fund Balance - Statutory Basis Statement of Revenues - Statutory Basis Year Ended June 30, 2009 Statement of Expenditures - Statutory Basis Year Ended June 30, 2009

"D"

"0_1" "0-2" "0-3"

Public Assistance Trust Fund


"E"

PAGES

Notes to Financial Statements

4-19

80ROUGH OF ROSELLE

INDEX (CONTINUED)

Supplementary Schedules - All Funds

Current Fund

Schedule of Cash Collector-Treasurer Schedule of Change Fund

Schedule of Tax Overpayments Schedule of Grants Receivable

Schedule of Taxes Receivable and Analysis of Property Tax Levy Schedule of Tax Title Liens

Schedule of Property Acquired for Taxes (At Assessed Valuation) Schedule of Revenue Accounts Receivable

Schedule of Reserve for Sale of Municipal Assets

Schedule of Due from State of New Jersey for Senior Citizens and

Veterans Deductions

Schedule of Reserve for Grants Appropriated Schedule of Prepaid Revenue

Schedule of Interfunds

Schedule of Fiscal Year 200S Appropriation Reserves Schedule of Reserve for Grants - Unappropriated Schedule of Due Current Fund

Schedule of Due Trust Other Fund

Schedule of Prepaid Taxes

Schedule of County Taxes

Schedule of Local District School Tax Schedule of Encumbrances Payable Schedule of Deferred Charges

Schedule of Encumbrances - Grant Fund

Trust Fund

Schedule of Trust Fund Cash - Collector-Treasurer

Schedule of Reserve for Liquidation of Tax Title Liens

Schedule of Due Current Fund-Animal Control Trust Fund Schedule of Due State of New Jersey Animal Control License Fees Schedule of Reserve for Animal Control Fund Expenditures Schedule of Reserve for Public Defender

Schedule of Reserve for Tax Sale Premiums

Schedule of State Unemployment Insurance

Schedule of Marriage License Fees - Due State of New Jersey

Schedule of Due from County of Union Community Development 810ck Grant Schedule of Reserve for Community Development 810ck Grants

Schedule of Reserve for Special Law Enforcement

Schedule of Reserve for Miscellaneous Reserves

Schedule of Due Current Fund

Schedule of Due General Capital Fund

Schedule of Due Public Assistance Trust Fund

Schedule of Due Federal and State Grants Fund

Schedule of Due of 8urial Permit Fees - Due State of New Jersey Schedule of Parking Offense Adjudication Act Fund

Schedule of Accounts Payable

EXHI81TS

"A-4" "A-5" "A-6" "A-7" "A-S" "A-9" "A-10" "A-11" "A-12"

"A-13" "A-14" "A-15" "A-16" "A-17" "A-1S" "A-19" "A-20" "A-21" "A-22" "A-23" "A-24" "A-25" "A-26"

"8-1" "8-2" "8-3" "8-4" "8-5" "8-6" "8-7" "8-S" "8-9" "8-10" "8-11 " "8-12" "8-13" "8-14" "8-15" "8-16" "8-17" "8-1S" "8-19" "8-20"

BOROUGH OF ROSELLE

INDEX (CONTINUED)

Supplementary Schedules - All Funds (Continued)

General Capital Fund

Schedule of General Capital Cash - Treasurer

Analysis of General Capital Cash and Investments Schedule of Deferred Charges to Future Taxation - Funded Schedule of Deferred Charges to Future Taxation - Funded Schedule of Capital Improvement Fund

Schedule of State Aid Accounts Receivable

Schedule of Improvement Authorizations

Schedule of Green Trust Loans Payable

Schedule of Contracts Payable

Schedule of General Serial Bonds

Schedule of Reserve for Payment of Debt

Schedule of Deferred Charge - Tax Appeal Refunding Schedule of Bond Anticipation Notes

Schedule of Due FromlTo Current Fund

Schedule of Due Other Trust Fund

Schedule of Bonds and Notes Authorized But Not Issued

Affordable Housing Utility Fund

Schedule of Cash - Treasurer

Schedule of Rental Income Accounts Receivable-Affordable Housing Utility

Operating Fund

Schedule of Accounts Payable-Affordable Housing Utility Operating Fund Schedule of Tenant Security Deposits-Affordable Housing Operating Fund Schedule of SFY2008 Appropriation Reserves-Affordable Housing Utility

Operating Fund

Schedule of Fixed Capital-Affordable Housing Utility Capital Fund

Schedule of Reserve for Amortization-Affordable Housing Utility Capital Fund Schedule of Capital Improvement Fund-Affordable Housing Utility Capital Fund Schedule of Operating Security Deposits-Affordable Housing Utility Operating Fund Schedule of Due Current Fund-Affordable Housing Utility Operating Fund

Schedule of Due Affordable Housing Utility Capital Fund

Schedule of Deferred Charges

Public Assistance Trust Fund

Schedule of Public Assistance Cash - Treasurer

Schedule of Public Assistance Cash and Reconciliation Per N.J.S.A. 40A:5-5 Schedule of Public Assistance Cash and Reconciliation as of June 30, 2009

EXHIBITS

"C-2" "C-3" "C-4" "C-5" "C-6" "C-7" "C-8" "C-9" "C-10" "C-11 " "C-12" "C-13" "C-14" "C-15" "C-16" "C-17"

"0-4"

"0-5" "0-6" "0-7"

"0-8" "0-9"

"0-10" "0-11" "0-12" "0-13" "0-14" "0-15"

"E-1" "E-2" "E-3"

BOROUGH OF ROSELLE

INDEX (CONTINUED)

PAGES

Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements

Performed in Accordance with Government Auditing Standards 20-22

Independent Auditor's Report on Compliance with Requirements Applicable to Each Major State Financial Assistance Program and on Internal Control Over

Compliance in Accordance with State of New Jersey OMB Circular 04-04 23-25

PART II

Schedule of Expenditures of Federal Awards Fiscal Year Ended June 30, 2009

26

Schedule of Expenditures of State Financial Assistance Fiscal Year Ended June 30, 2009

27-28

Notes to the Schedules of Expenditures of Federal Awards and State Financial Assistance Fiscal Year Ended June 30, 2009

29-30

Schedule of Findings and Questioned Costs for the Fiscal Year Ended June 30, 2009

31-33

PART III

Statistical Data

34-37

Officials in Office and Surety Bonds

38

General Comments and Recommendations

39-48

BOROUGH OF ROSELLE

INDEPENDENT AUDITOR'S REPORT ON AUDIT OF FINANCIAL STATEMENTS

FINANCIAL STATEMENTS - STATUTORY BASIS

NOTES TO FINANCIAL STATEMENTS - STATUTORY BASIS

FISCAL YEARS ENDED JUNE 30, 2009 AND 2008

SUPLEE, CLOONEY & COMPANY

CERTIFIED PUBLIC ACCOUNTANTS

308 East Broad Street, Westfield, New Jersey 07090-2122

Westfield 908-789-9300 Somerville 908-725-6688

Fax 908-789-8535

INDEPENDENT AUDITOR'S REPORT

The Honorable Mayor and Members

of the Borough Council Borough of Roselle County of Union

Roselle, New Jersey 07203

We have audited the accompanying financial statements - statutory basis of the various individual funds of the Borough of Roselle, County of Union, New Jersey as of June 30, 2009 and for the fiscal year ended June 30, 2009, listed as financial statements - statutory basis in the foregoing table of contents. These financial statements - statutory basis are the responsibility of the management of the Borough of Roselle, County of Union. Our responsibility is to express an opinion on these financial statements based on our audits. The financial statements of the Borough of Roselle as of June 30, 2008 were audited by other auditors whose report dated May 26, 2008 expressed an unqualified opinion on those statutory basis statements.

We conducted our audit in accordance with U.S. generally accepted auditing standards and the standards applicable to financial statements contained in Government Auditing Standards issued by the Comptroller General of the United States, the audit requirements prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey and the provisions of U.S. Office of Management and Budget (OMB) Circular A-133, "Audits of States, Local Governments and Non-Profit Organizations" and State of New Jersey OMB Circular 04-04, "Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid". Those standards and provisions require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

1


As described in Note 1, except for the omission of a Statement of General Fixed Assets, the Borough of Roselle, County of Union, prepares its financial statements on a prescribed basis of accounting prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey, that demonstrates compliance with the modified accrual basis, with certain exceptions, and the budget laws of New Jersey, which is a comprehensive basis of accounting other than U.S. generally accepted accounting principles.

In our opinion, because the Borough of Roselle prepares its financial statements on the basis of accounting discussed in the preceding paragraph, the financial statements referred to above do not present fairly, in conformity with U.S. generally accepted accounting principles, the financial position of the various individual funds of the Borough of Roselle, County of Union, as of June 30, 2009 and 2008 or the results of its operations and changes in fund balance for the years then ended or the revenues or expenditures for the fiscal year ended June 30, 2009.

However, in our opinion, except for the omission noted in the third paragraph, the financial statements - statutory basis present fairly, in all material respects, the financial position - statutory basis of the various individual funds of the Borough of Roselle, County of Union, as of June 30, 2009 and 2008, and the results of its operations and changes in fund balance - statutory basis for the fiscal years then ended and the revenues, expenditures and changes in fund balance - statutory basis for the fiscal year ended June 30, 2009, on the basis of accounting described in Note 1.

In accordance with Government Auditing Standards, we have also issued our report dated January 29, 2010 on our consideration of the Borough of Roselle's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grants and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and is important for assessing the results of our audit.

Our audit was made for the purpose of forming an opinion on the financial statements - statutory basis taken as a whole. The information included in the schedules of federal awards and state financial assistance and the other supplementary schedules and data listed in the table of contents is presented for purposes of additional analysis as required by U.S. Office of Management and Budget (OMB) Circular A-133, "Audits of States, Local Governments and Non-Profit Organizations" and State of New Jersey OMB Circular 04-04, "Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid" and the Division of Local Government Services, Department of Community Affairs, State of New Jersey, and is not a required part of the financial statements. This information has been subjected to the auditing procedures applied in the audit of the financial statements mentioned above and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.

2


This report is intended for the information of the Borough of Roselle, County of Union, New Jersey, the Division of Local Government Services and federal and state audit agencies, and is not intended to be and should not be used by anyone other than these specified parties.

January 29, 2010

REGISTERED

3

CURRENT FUND

SHEET#1

BOROUGH OF ROSELLE

CURRENT FUND

BALANCE SHEETS - STATUTORY BASIS

BALANCE JUNE 30, 2009

BALANCE JUNE 30,2008

ASSETS

Cash

Change Fund

Due From State of New Jersey-Senior Citizens and Veterans Deductions

A-4 A-5

$

$

4,865,630.00 $ 3,897,353.76
400.00 400.00
142,514.97 141,310.00
5,008,544.97 $ 4,039,063.76
2,013,083.19 $ 2,073,291.00
8,871.98 6,952.75
2,027,232.00 2,027,232.25
29,541.69 62,057.00
69,719.04 1,453,412.00
4,148,447.90 $ 5,622,945.00 A-13

Receivable and Other Assets With Full Reserves Delinquent Property Taxes Receivable

Tax Title Liens Receivable

Property Acquired For Taxes-Assessed Valuation Revenue Accounts Receivable

Interfunds Receivable

$

A-8 A-9

A-10

A-11

A-16

A $

Deferred Charges:

Overexpenditure of Appropriation Reserves Expenditure without an Appropriation

A-25 $ 11,451.63
A-25 21,425.65
$ 32,877.28
A-19 $ 50,78204 $
A-7 2,080,743.81 1,713,223.00
2,131,525.85 1,713,223.00
$ 11,321,396.00 $ 11,375,231.76 Grant Fund

Due Current Fund

Federal and State Grants Receivable

The accompanying Notes to the Financial Statements are an integral part of this statement.

"An

SHEET #2

BOROUGH OF ROSELLE

CURRENT FUND


BALANCE BALANCE
JUNE JUNE
REF, 30, 2009 30,2008

LIABILITIES, RESERVES AND FUND BALANCE

Liabilities
Appropriation Reserves A-3:A-17 $ 1,513,599,23 $ 1,573,737.29
Encumbrances Payable A-24 886,087,51 1,110,63847
Prepaid Taxes A-21 53,084.17 66,475.00
Tax Overpayments A-6 104,068,70 61,567,00
Prepaid Revenue A-15 13,900,00
Sale of Municipal Assets A-12 71,790,00 41,790,00
Interfunds Payable A-16 776,577.88 599,067.00
$ 3,405,20749 $ 3,467,174.76
Reserve for Receivables and Other Assets A 4,148,447,90 5,622,945,00
Fund Balance A-1 1,636,214,76 571,889,00
$ 9,189,870.15 $ 9,662,008,76
Grant Fund
Due Current Fund A-19 $ $ 343,921,00
Due Trust Other Fund A-20 100,000,00
Encumbrances Payable A-26 132,569.25 37,482,00
Federal and State Grants Appropriated A-14 1,860,612,37 1,310,379,00
Federal and State Grants Unappropriated A-18 38,344,23 21,441,00
$ 2,131,525,85 $ 1,713,223,00

$ 11,321,396,00 $ 11,375,231,76 The accompanying Notes to the Financial Statements are an integral part of this statement.

"A-1"
BOROUGH OF ROSELLE
CURRENT FUND
STATEMENTS OF OPERATIONS AND CHANGE
IN FUND BALANCE - STATUTORY BASIS
YEAR ENDED YEAR ENDED
JUNE JUNE
REF. 30, 2009 30, 2008
REVENUE AND OTHER INCOME
Fund Balance Utilized A-1 :A-2 $ 345,662.00 1,800,000.00
Miscellaneous Revenue Anticipated A-2 7,276,465.82 7,466,911.00
Receipts From Delinquent Taxes A-2 2,003,193.82 1,832,548.00
Receipts From Current Taxes A-2 53,383,500.80 50,512,87600
Non-Budget Revenue A-2 186,197.32 338,193.00
Other Credits to Income:
Unexpended Balance of Appropriation Reserves A-17 1,177,75326 1,180,536.00
Statutory Excess Animal Control 2,361.00
Canceled Accounts Payable 11,53000
Prepaid Revenue Applied A-15 13,90000
I nterfunds Returned 207,615.96
TOTAL INCOME $ 64,594,288.98 $ 63,144,955.00
EXPENDITURES
Budget Appropriations:
Appropriations Within "CAPS":
Operations: A-3 $ 24,741,080.00 $ 22,568,030.00
Deferred Charges and Statutory Expenditures A-3 519,000.00 502,619.00
Excluded From "CAPS"
Other Operations A-3 5,035,399.83 6,502,506.00
Capital Improvement Fund A-3 100,000.00 200,000.00
Municipal Debt Service A-3 2,996,368.57 3,072,067.00
County Taxes A-22 6,263,241.46 6,064,407.00
Due County for Added and Omitted Taxes A-22 9,494.87 9,782.00
Local District School Tax A-23 23,438,800.00 22,538,276.00
Refund Prior Year Revenue A-4 80,916.49
Interfunds Advanced 1,428,631.00
TOTAL EXPENDITURES $ 63,184,301.22 $ 62,886,318.00
Excess in Revenue $ 1,409,98776 $ 258,637.00
Fund Balance
Balance, July 1 A 571,889.00 2,113,252.00
$ 1,981,876.76 $ 2,371,889.00
Decreased by:
Utilized As Anticipated Revenue A-1:A-2 345.66200 1,800,000.00
Balance, June 30 A $ 1 636214.76 $ 571 889.00 The accompanying Notes to the Financial Statements are an integral part of this statement.

Fund Balance Anticipated

Miscellaneous Revenues:

Licenses:

Alcoholic Beverage Other

Fees and Permits Fines and Costs:

Municipal Court

Interest and Costs on Taxes Parking Meters

Interest on Investments and Deposits Suburban Cable Franchise Tax

Consolidated Municipal Property Tax Relief Act Energy Receipts Tax

Uniform Construction Code Fees Body Armor Grant

Alcohol Education and Rehabilitation Fund Recycling Tonnage Grant

Municipal Alliance

DDEF

Clean Communities Safe Routes to School Click it or Ticket Pandemic Flu

Assistance to Firefighters UEZ Administration Grant

UEZ Clean Team Program Grant UEZ Clean Team Program Grant UEZ Police Patrol

UEZ Master Plan

UEZ Marketing COOP-Star Ledger UEZ Marketing Summer Concert UEZ Comcast

UEZ Comcast

Library Pension Contribution General Capital Fund Surplus Uniform Fire Safety Act Ambulance Revenue Payment in Lieu of Taxes

Interfund-Due from Federal and State Grant Fund Interfund-Due from General Capital Fund

Receipts From Delinquent Taxes

Property Tax for Support of Municipal Budget Appropriations

Budget Totals

Non-Budget Revenue

BOROUGH OF ROSELLE

CURRENT FUND

STATEMENT OF REVENUES - STATUTORY BASIS YEAR ENDED JUNE 30 2009

ANTICIPATED

345,662.00 $

SPECIAL

BUDGET N.J.S.40A4-87

A-l

$

1,11383

82,72500

83,838.83 $

-----_$

83,838.83 $

83838.83 $

A-3

$

345,662.00

A-ll $ 24,000.00 $
A-2 6,800.00
A-2 145,000.00
A-ll 400,000.00
A-ll 400,000.00
A-ll 25,000.00
A-ll 325,000.00
A-ll 46,000.00
A-ll 1,493,363.00
A-ll 1,509,869.00
A-2 230,000.00
A-7 5,619.00
A-7 589.00
A-7 4,736.00
A-7 16,498.00
A-7 5,669.00
A-7 11,036.00
A-7 4,600.00
A-7 4,00000
A-7 7,472.00
A-7 23,868.00
A-7 80,056.00
A-7 232,144.00
A-7 233,496.00
A-7 119,760.00
A-7 38,600.00
A-7 45,130.00
A-7 95,650.00
A-7 87,906.00
A-7 106,118.00
A-4 14,338.00
A-4 100,000.00
A-ll 30,000.00
A-ll 269,000.00
A-ll 140,000.00
100,000.00
1,076,077.00
A-l 7,457,394.00 $
A-l 2,000,000.00
A-2:A-8 $ 25,698,159.00
$ 35,501,215.00 $
A-l:A-2
$ 35501 215.00 $
REF. A-3 $

17,660.00 $ 17,92870 128,330.65

436,717.23 429,301.28 19,43262 98,353.56 50,601.57

1,493,36300 1,509,869.00

207,285.00 5,619.00 1,702.83 4,736.00 16,498.00

5,669.00

11,036.00 4,600.00 4,000.00 7,47200

23,868.00 80,056.00 232,144.00 233,496.00 119,760.00

38,600.00 45,130.00 178,375.00 87,906.00 106,118.00 14,338.00 100,000.00 29,326.65 266,313.10 74,782.63 100,00000 1,076,077.00

7,276,465.82 $

2,003,193.82 $

25,865,089.47 $

35,490,411.11 $

186,197.32

35676608.43 $

The accompanying Notes to the Financial Statements are an integral part of this statement.

"A-2" SHEET#l

EXCESS OR (DEFICIT)

(6,34000) 11,128.70 (16,66935)

36,717.23 29,30128 (5,567.38)

(226,646.44) 4,601.57

(22,715.00)

(67335) (2,686.90) (65,217.37)

(264,767.01)

3,19382

166,930.47

(94,642.72)

186,197.32

175393.43

ANAL YSIS OF REALIZED REVENUE

Allocation of Current Tax Collections' Collection on a Cash Basis

Allocated To:

School and County Taxes

Support of Municipal Budget Appropriations

Add: Appropriation for Reserve for Uncollected Taxes

Amount for Support of Municipal Budget Appropriations

Licenses-Other:

Borough Clerk

Board of HealthNital Statistics

Less: refunds

Fees and Permits - Other:

Borough Clerk Police Chief Fife Chief Engineer

Board of HealthNital Statistics Public Works

Planning/Zoning

Tax Collector

Recreation

Less: Refunds

Construction Code Official Fees & Permits

Less: Refunds

ANAL YSIS OF NON-BUDGET REVENUE

Miscellaneous Revenue Not Anticipated Rent

Bad Check Fees Restitution Miscellaneous Reimbursement of Costs FEMA

Senior Citizen and Veterans Administrative Fee Police Outside Overtime Administrative Fees

BOROUGH OF ROSELLE

CURRENT FUND


A-1:A-8

A-3

A-2

A-11 A-11

A-4

A-2

A-11 A-11 A-11 A-11 A-11 A-11 A-11 A-11 A-11

A-4

A-2

A-11 A-4

A-2

The accompanying Notes to the Financial Statements are an integral part of this statement

A-2:A-4

"A-2" SHEET #2

$

53.383,50080

29,711,536.33

$

23,671,964.47

2,193,125.00

25,865,089.47

9,977.00 15,151.70

25,128.70 7,200.00

$

17,928.70

$

6,32520 16,536.92 17,771.30 200.00 773.43 9,269,75

34,722.30 700.00 45,420.00

$

131,718.90 3,388.25

$

128330.65

212,863.00 5,57800

207285.00

$

29,05483 3,265.00 5,751.00 51,37639 2,839.48 70,375.40 3,087.00 20,448.22

$

186197.32

G£Nm_A,LGQ\i!;_RliM];lJJ Administrative and Executive Salaries and Wages

Other Expenses

Borough Clerk:

Salaries and Wages Other Expenses Borough Council Salaries and Wages Other Expenses Human Resources Other Expenses Financial Administration Salaries and Wages Other Expenses Annual Audit Assessment of Taxes Sa lanes and Wages Other Expenses

Collection of Taxes (Revenue Administration) Salaries and Wages

Other Expenses

Legal Services and Costs Salaries and Wages Other Expenses Prosecutor·

Salaries and Wages Other Expenses

Engineering Services and Costs Other Expenses

Public Buildings and Grounds Salaries and Wages

Other Expenses

Municipal Land Use Law (N,J,S.44:55D-1) Planning Board

Salaries and Wages

Other Expenses

Zoning Board of Adjustment Salanes and Wages

Other Expenses Redevelopment Agency Other Expenses

Shade Tree Commission Salaries and Wages Other Expenses

PUBLIC SAFETY Fire Department Salaries and Wages Other Expenses Police Department:


Traffic Control-School Crossing Guards:


Emergency Management Services Salaries and Wages

Other Expenses

Streets and Roads

Salaries and Wages Miscellaneous Other Expenses

"A-3" SHEET #1

BOROUGH OF ROSELLE
<;:URR_"NI_fUND
STATEMENT OF EXPENDITURES STATUTORY BASIS
YI;AKENRE[UVl'll:;)9"ZQQ~
APPROPRIATIONS EXPENDED UNEXPENDED
BUDGET AFTER PAID OR BALANCE
BUDGET MQJ)LE[(;ATIQN (;t!ilBGED BESERILm (;AN_C!CLED
260,000,00 260,000,00 220,43686 39,56314
175,000,00 175,000,00 174,202,60 79740
128,00000 133,00000 131,197,35 1,80265
115,050,00 95,050,00 89,079,63 5,97037
66,10000 66,10000 66,055,72 4428
50,00000 50,000,00 45,25831 4}41,69
125,00000 125,000,00 104,93672 20,063.28
269,00000 269,000,00 267,20177 1 }98,23
48,00000 40,00000 38,59522 1,40478
80,00000 80,00000 45,88000 34,120,00
148,000,00 148,00000 147,724,16 27584
100,000,00 62,00000 60,15773 1,84227
65,00000 65,000,00 62,49067 2,509,33
20,00000 20,000,00 20,00000
60,000,00 48,000,00 46,524,39 1,475,61
125,000,00 189,000,00 177,066,13 11,933,87
20,000,00 20,000,00 19,711,34 28866
1,000,00 1,000,00 1,000,00
80,000,00 80,00000 76,920,00 3,080,00
26,000,00 26,00000 25,423,08 576,92
220,500,00 200,00000 170,50717 29,492,83
10,00000 10,00000 8,15378 1,846,22
31,20000 6,20000 21496 5,985,04
125,00000 127,00000 125,613,28 1,38672
15,00000 13,00000 6,525,67 6,47433
75,00000 75,00000 62,89447 12,10553
10,500,00 10,50000 9,27879 1,22121
75,00000 75,00000 20,458,47 54,54153
2,845,000,00 2,850,000,00 2,843,15970 6,840,30
159,000,00 139,000,00 116,51378 22,486,22
5,615,000,00 5,590,000,00 5,575,360,38 14,639,62
238,150,00 233,150,00 232,49579 654,21
190,000,00 185,000,00 181,344,66 3,65534
6,25000 6,250,00 4,94502 1,304,98
7,50000 7,500,00 7,49996 0,04
82,00000 82,000,00 74,57198 7,428,02
1,310,00000 1,310,000,00 1.292,491 49 17,508,51
145,800,00 128,800,00 107,217,62 21,582,38 The accompanying Notes to the Financial Statements are an integral part of this statement

Union County S LA P Program Other Expenses

Maintenance of Vehicles

Other Expenses

Recycling

Other Expenses

Solid Waste Collection Other Expenses Snow Removal Salaries & Wages Other Expenses

Board of Health

Salaries and Wages Other Expenses Welfare


RE;c;RECATION AND Ei)UC;ATIQN Community Services (Communities Center) Salaries and Wages

Other Expenses

Recreation (Parks & Playground) Salaries and Wages

Other Expenses

Other Expenses -Outside Programs

Municipal Court Salaries and Wages Other Expenses

Public Employees' occupational Safety Health Act Other Expenses

Public Defender:

Salaries and Wages

UNIFORM CONSTRUCTION CODEAPPROPRIATIONS OFFSET BY DEDICATED REVENUES IN.JAC. 5:23-417j

Construction Code Official

Salanes and Wages

Other Expenses

Insurance

Group Insurance Plan for Employees

Workers' Compensation (Insurance Trust Fund) Other Insurance Premiums

Police & Firemen's Retirement System of NJ Public Employees Retirement System of NJ

Public Employees Retirement System of NJ Ltbrarv

VHQl.JI.§§IfJ!'.Q Gasoline Electricity Natural Gas

Telephone & Telegraph Heating Oil

Street Lighting

Fire Hydrant Service Water

Accumulated Leave Compensation Salary and Wage Adjustment Municipal Services Act

Contingent

BOROUGH OF ROSELLE

CURRENT FUND

STATEMENT OF EXPENDITURES - STATUTORY BASIS YEAR ENDED JUNE 30 2009

APPROPRIATIONS

EXPENDED

BUDGET AFTER

BUDGET MQQlFI~IIJlQl'!

PAID OR

QH_AIl.QJ;_[) "ESERVi'.Q

45,00000 45,00000 43,358.38 1,64162
142,00000 127,00000 113,180.00 13,820.00
299,500.00 305,00000 304,044.06 95594
1,950,000.00 1,950,00000 1.720.487.22 229,51278
25,000.00 25,000.00 13,15737 11,84263
40,00000 60,000.00 59,538.24 46176
175,00000 179,00000 176,91246 2,08754
128,00000 128,00000 124,64988 3,35012
69,00000 69.00000 68,13099 869.01
50000 50000 37437 12563
34.00000 35,00000 18,10790 16,89210
5.00000 5,00000 4,68661 313 39
133,00000 133,00000 132,12.871 87129
83,000.00 88,00000 82,20911 5.79089
27,000.00 27,00000 22,91782 4,08218
280,000.00 284,000.00 282,23784 1.76216
28,300.00 28,30000 24,295.93 4,00407
15,000.00 15,00000 7,162.96 7,837.04
15,000.00 15,000.00 15,00000 170,000.00 175,000.00 163,48770 11,512.30
15,65000 15,650.00 12,75779 2,89221
3,665,00000 3,810.00000 3,786,63304 23.36696
500,10000 500.10000 448.96707 51,13293
778.40000 778.40000 745.89437 32,50563
992.47400 992,474 50 986.426.75 6.04775
150}6800 150,76750 150,76750
14,33800 14,33800 14,33800
210.00000 210,00000 186,05179 23.94821
175,00000 175,00000 127.30374 47,69626
80,00000 80,00000 54,79480 25,20520
210,00000 210,00000 166,237.22 43.76278
6,000.00
300,000.00 300,000.00 263,846.22 36,15378
250,000.00 270,000.00 270,000.00
17,00000 17,000.00 5,200.20 11,79980
200,000.00 133,00000 97,34409 35,65591
350,000.00 350,00000 350,00000
30,00000 30,000.00 30,00000
10,000.00 10,00000 10,00000
24,741,08000 24,741,08000 23,335,738.78 1,405,341.22 The accompanying Notes to the Financial Statements are an integra! pan of this statement

"A-3" SHEET #2

UNEXPENDED BALANCE QI\NG.!'LED

BOROUGH OF ROSELLE

CURRENT FUND

STATEMENT OF EXPENDITURES - STATUTORY BASIS YEAR ENDED JUNE 30. 2009

APPROPRIATIONS

EXPENDED

BUDGET AFTER

BUDGET MODIFICATION

PAID OR

QiARGED B_E_§_E'RVED

DEFERRED CHARGES AND STATUTORY EXPENDITURES MUNICIPAJ
Statutory Expenditures:
Contribution To
Social Security System (OAS.].) 479,000.00 479,000.00 432,38188
Police & Firemen's Retirement System of N_J 992,47400 992,47450 986,426.75
Public Employees Retirement System of N_J 150,76800 150,76750 150,767.50
Public Employees Retirement System of N.J ~ library 14,33800 14,33800 14,338.00
State Unemployment Insurance 40,00000 40,000.00 35,000.00
TOTAL DEFERRED CHARGES AND STATUTORY EXPENDITURES-
MUNICIPAL WITHIN "CAPS" 1,676,580.00 1,676,580,00 1,618,914.13
TOTAL GENERAL APPROPRIATIONS WITHIN "CAPS" 25,260,080,00 25,260,080.00 23,803,120.66
OPERATIONS EXCLUDED FROM "CAPS"
Maintenance of Free Public Library 606,200.00 606,200.00 606,200.00
Sewerage Disposal-Linden/Roselle Sewerage Authority 2,700,000,00 2,700,000.00 2,699,76810
police Communication Operators:
Salaries and Wages 266,000.00 266,000.00 256,03221
Other Expenses 7,700.00 7,70000 3,17440
INTER LOCAL MUNICIPAL SERVICE AGREEMENTS
Animal Control Contract - City of Linden 32,00000 32,000.00 28,97340
STATE AND FEDER6L PROGRAMS OFF-SET BY REVENUES
Body Armor Grant 5,619.00 5,619.00 5,61900
Clean Communities Program (reserved for clean communities) 11,036.00 11,036.00 11,036.00
Pandemic Flu Preparedness Grant 7,472.00 7,472.00 7,472.00
Alcohol Education and Rehabilitation (NJSA 4oA4-87 $1,113,83.00) 589,00 1,70283 1.702,83
Safe Routes to Schools 4,600.00 4,600.00 4,600.00
Municipal Alliance - Local 4,125,00 4,125,00 4,125,00
Municipal Alliance - County 16,498,00 16,49800 16,498.00
UEZ Clean Team Program Grant:
Clean Team Program (~ Match - 200B) 3,400,00 3,40000 3,400.00
Clean Team Program (- 2008) 232,144,00 232,144,00 232,144,00
Administration - Grant 80,056.00 80,056.00 80,056.00
Administration - Local Match 71,548.00 71,548,00 71,548.00
Police Patrol 119,760.00 119,760.00 119,760.00
Police Patrol Match 29,940.00 29,940.00 29,94000
Marketing Summer Concert Grant (NJSA 40A4-87 $82,725.00.00) 95,650.00 178,375.00 178,37500
Clean Team Program - Match - 2009 3,40000 3,40000 3,400.00
Clean Team Program - 2009 233,49600 233,49600 233,496.00
Comeast - Phase 3 87,906.00 87,906.00 87,906.00
Marketing Coop - Star Ledger 45,130.00 45,130.00 45,13000
Master Plan 38,600.00 38,600.00 38,600.00
Master Plan Match 9,65000 9,65000 9,65000
Comcast - Phase 4 106,11800 106,11800 106,11800
Drunk Driving Enforcement Fund 5,66900 5,66900 5,66900
Recycling Tonnage Grant 4,73600 4,736.00 4,736.00
Click It or Ticket 4,00000 4,00000 4,000.00
Matching Funds for Grants 92,000,00 92,000.00 53,112.00
Assistance to Firefighters Grant 23,868.00 23,86800 23,868.00
Assistance to Firefighters Grant - Local 2,651.00 2,651.00 2,651.00
TOTAL OPERATIONS EXCLUDED FROM "CAPS" 4,951,561.00 5,035.399.83 4,978,75994
CAPITAL IMPROVEMENTS - EXCLUDED FROM "CAPS"
Capital Improvement Fund 100,000.00 100,000.00 100,000.00
TOTAL CAPITAL IMPROVEMENT EXCLUDED FROM "CAPS" 100,000,00 100,00000 100,000.00
MUNICIPAL DEBT SERVICE EXCLUDED FROM "CAPS"
Payment of Bond Principal 2,360,000.00 2,360,000.00 2,360,000.00
Interest on Bonds 387,534.00 387,534,00 387,533.75
Interest on Notes 48,755.00 48,755.00 48,675.18
Loan Repayment for Principai & interest 13,572.00 13,572.00 13,571.64
U,C, Improvement Authority Lease 186,588.00 186,58800 186,588.00
LQ_TAL MUNICIPAL DEBT SERVICE EXCLUDED FROM "CAPS" 2,996,449.00 2,996,449.00 2,996,368.57 The accompanying Notes to the Financial Statements are an integra! part of this statement

46,618 12 6,04775

5,000.00

57,665.87

1,456,959.34

23190

9,967.79 4,525.60

3,026.60

38,888.00

56,639.89

"A-3" SHEET#3

UNEXPENDED BALANCE CANCELED

0.25 79.82 0.36

80.43

TOTAL GENERAL APPROPRIATIONS FOR MUNICIPAL PlJBl'Q_S~~ELql,lQfcQfROM_"Q\PS"

SUB-TOTAL GENERAL APPROPRIATIONS RESERVE FOR UNCOLLECTED TAXES

TOTAL GENERAL APPROPRIATIONS

Budget

Appropriation by 40A: 4~87

Reserve for Grants

Reserve for Uncollected Taxes Encumbrances Payable

Cash Disbursements

Less: Refunded

A-3 A-2

A-14 A-2 A-20 A-4

A-4

BOROUGH OF ROSELLE

CURRENT FUND

STATEMENT OF EXPENDITURES - STATUTORY BASIS YEAR ENDED JUNE 30 2009

APPROPRIATIONS

BUDGET AFTER

BUDGET MQRlflrATIQN

8,048,01000

33.30809000 2,193,125.00

35,501,215.00

A-2

33.391.92883 2,193,12500

35,585,05383

35,501,21500 83,838.83 .

35,585,053.83

EXPENDED

PAID OR

8,075,12851

56,63989

31.878,24917 2,193,12500

34,071,37417

A-1

1.384,61183 2.193.12500 884.96551 29,846,85539

34.309.55773

. __ .238,1~

34,071,37417

The accompanying Notes to the Financial Statements are an Integral part of this statement

1,513.59923

1,513,599.23

AA1

"A-3" ~fjEET#1

UNEXPENDED BALANCE ~Al!<;:I;JJ:D

80.43

80.43

80.43

TRUST FUND

UBI!
BOROUGH OF ROSELLE
TRUST FUND
BALANCE BALANCE
JUNE JUNE
REF. 30, 2009 30, 2008
ASSETS
Animal Control Fund:
Cash B-2 $ 8,214.98 $ 7,729.69
Other Trust Funds:
Cash B-2 $ 724,049.38 $ 717,783,73
Due From County of Union B-10 31,489.84 29,360.00
Due Current Fund B-14 724,975.85 599,067.04
Due Federal and State Grants Fund B-17 100,000,00
$ 1,580,515,07 $ 1,346,210.77
$ 1 588730,05 $ 1353940.46
LIABILITIES, RESERVES AND FUND BALANCE:
Animal Control Fund:
Due Current Fund B-3 $ 6,122,69 $ 4,657.00
Due State of New Jersey B-4 76.00 589.00
Reserve for Expenditures B-5 2,016.29 2,483.69
$ 8,214,98 $ 7,72969
Other Trust Funds:
Tax Title Lien Redemption B-2 $ 92,37976 $ 69,34206
Public Defender B-6 13,889,64 11,96200
Tax Sale Premiums B-7 911,20000 968,300,00
State Unemployment Insurance B-8 58,656,95 50,704.00
State Marriage License Fees B-9 235.00 395.00
Community Development Block Grants B-11 7,887.04 37,145.98
Special Law Enforcement B-12 63,253,91 48,224,00
Miscellaneous Reserves B-13 145,060.27 141,744,73
Due General Capital Fund B-15 260,000.00
Due to Public Assistance Trust Fund B-16 840,00
State Burial Permit Fees B-18 775,00
Parking Offense Adjudication Act Fund B-19 15,949.50 18,393.00
Accounts Payable B-20 10,388,00
$ 1,580,515,07 $ 1,346,210.77
$ 1 588730.05 $ 1353940.46 The accompanying Notes to the Financial Statements are an integral part of this statement.

GENERAL CAPITAL FUND

BOROUGH OF ROSELLE



BALANCE BALANCE
JUNE JUNE
REF. 30,2009 30, 2008

ASSETS
Cash C-2C-3 $ 3,082,533.59 $ 2,449,636.05
State Aid Accounts Receivable C-7 6,667,313.00 6,026,235.00
Due Other Trust Fund C-16 260,00000
Deferred Charges to Future Taxation
Funded C-4 8,002,454.00 10,373,412.00
Unfunded C-5 13,606,422.00 9,897,750.00
Deferred Charge - Tax Appeal Refunding C-13 1,257,780.00
$ 31618722.59 $ 30004813.05

General Serial Bonds C-11 $ 7,880,000.00 $ 10,240,000.00
Green Acres Loan Payable C-9 122,454.00 133,412.00
Bond Anticipation Notes C-14 5,364,831.00 1,799,000.00
Due Current Fund C-15 14,861.25 1,076,077.00
Capital Improvement Fund C-6 417,340.00 317,340.00
Contracts Payable C-9 723,303.85 904,329.00
Reserve for Grants Receivable C-7 3,055,000.00 3,106,750.00
Reserve for the Payment of Debt C-12 6,118.00 6,118.00
Improvement Authorizations:
Funded C-8 3,011,043.56 3,075,856.00
Unfunded C-8 10,954,355.88 9,176,606.00
Fund Balance C-1 69,415.05 169,325.05
$ 31,618,722.59 $ 3000481305 The accompanying Notes to the Financial Statements are an integral part of this statement

BOROUGH OF ROSELLE


STATEMENT OF FUND BALANCE - STATUTORY BASIS

REF
Balance, June 30, 2008 C $ 169,325.05
Increased by:
Premium on Bond Anticipation Notes Issued C-2 90.00
$ 169,415.05
Decreased by:
Appropriation to Finance Improvement Authorization C-2 100,000.00
Balance, June 30, 2009 C $ 69415.05 The accompanying Notes to the Financial Statements are an integral part of this statement.

THIS PAGE INTENTIONALLY LEFT BLANK

AFFORDABLE HOUSING UTILITY FUND

BOROUGH OF ROSELLE

AFFORDABLE HOUSING UTILITY FUND


BALANCE BALANCE
JUNE JUNE
REF. 30 2009 30,2008
ASSETS
Operating Fund:
Cash 0-4 $ 140,157.15 $ 115,358,00
Receivables with Full Reserves:
Rental Income Receivable 0:0-5 77,686,00 67,665,00
Deferred Charges:
Overexpenditure of Appropriation Reserves 0-15 14,206,35
Total OQerating Fund $ 232,04950 $ 183,023.00
Capital Fund
Cash 0-4 $ 15,000,00 $ 15,000,00
Fixed Capital 0-9 5,000.00 5,000,00
Due from Affordable Housing Utility Operating Fund 0 5,000,00 5,000.00
Total CaQital Fund $ 25,000.00 25,000,00
$ 257049.50 $ 208023.00
Operating Fund:
Liabilities:
Appropriation Reserves 0-3:0-8 $ 18,904,60 $ 12,241.00
Accounts Payable 0-6 6,884.20 1,155,00
Due Current Fund 0-13 28,735.10 28,757,00
Due Affordable Housing Utility Capital Fund 00-14 5,000.00 5,000,00
Operating Security Deposits 0-12 762,20 60,00
Tenant Security Deposits 0-7 22,743,16 15,887,00
$ 83,029.26 $ 63,100,00
Reserve for Receivables 0 77,686,00 67,665,00
Fund Balance 0-1 71,334,24 52,258,00
Total OQerating Fund $ 232,049,50 $ 183,023,00
Capital Fund:
Capital Improvement Fund 0-11 $ 20,000,00 $ 20,000,00
Reserve for Amortization 0-10 5,000,00 5,000.00
Total CaQital Fund $ 25,000,00 25,000,00
$ 257,049.50 $ 208,023.00 The accompanying Notes to the Financial Statements are an integral part of this statement.

BOROUGH OF ROSELLE

AFFORDABLE HOUSING UTILITY OPERATING FUND

STATEMENT OF OPERATIONS

AND CHANGES IN FUND BALANCE - STATUTORY BASIS

YEAR ENDED YEAR ENDED
JUNE JUNE
REF. 30,2009 30,2008
REVENUE AND OTHER INCOME REALIZED
Rents D-2 $ 258,714.00 $ 237,983.00
Miscellaneous D-2 3,634.74 6,244.00
Other Credits to Income:
Unexpended Balance of Appropriation Reserves 70,844.00
TOTAL INCOME $ 262,348.74 $ 315,071.00
EXPI;hJDITURES
Budget and Emergency Appropriations:
Operating D-3 $ 137,000.00 $ 135,000.00
Debt Service D-3 106,272.50 107,060.00
Deficit in Operations - Prior Year 24,357.00
TOTAL EXPENDITURES $ 243,272.50 $ 266,417.00
Excess in Revenue $ 19,076.24 $ 48,654.00
FUND BALANCE
Balance, July 1 D 52,258.00 3,60400
Balance, June 30 D $ 71 334.24 $ 52258.00 The accompanying Notes to the Financial Statements are an integral part of this statement.

BOROUGH OF ROSELLE



EXCESS
OR
REF. ANTICIPATED REALIZED (DEFICIT)
Rents D-10-5 $ 237,10000 $ 237,589.00 $ 489.00
Prior Year Rents D-10-5 21,125.00 21,125.00
Miscellaneous D-10-2 6,173.00 3,634.74 (2,538.26)
D-3 $ 243273.00 $ 262348.74 $ 19075.74
ANALYSIS OF REALIZED REVENUE
Miscellaneous:
Late Fees $ 747.55
Laundry Fees 1,237.30
Miscellaneous 1,649.89
D-2:D-4 $ 3634.74 The accompanying Notes to the Financial Statements are an integral part of this statement.

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PUBLIC ASSISTANCE TRUST FUND

BOROUGH OF ROSELLE

PUBLIC ASSISTANCE TRUST FUND


BALANCE BALANCE
JUNE JUNE
REF. 30,2009 30,2008

ASSETS
Cash-PATF. I E-1 $ 12,960.34 $
Due Trust Other Fund 840.00
State Aid Receivable 25,906.00
$ 13800.34 $ 25906.00
LIABILITIES
Cash (Overdraft) PATF. II E-1 $ $ 12,946.00
Reserve for Public Assistance - PATF. 13,800.34 12,960.00
$ 13800.34 $ 25906.00 The accompanying Notes to the Financial Statements are an integral part of this statement

NOTES TO FINANCIAL STATEMENTS

NOTE 1:

BOROUGH OF ROSELLE

NOTES TO FINANCIAL STATEMENTS FISCAL YEAR ENDED JUNE 30, 2009 AND 2008

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A. Reporting Entity

The Borough of Roselle is an instrumentality of the State of New Jersey, established to function as a municipality. The Borough Council consists of elected officials and is responsible for the fiscal control of the Borough.

Except as noted below, the financial statements of the Borough of Roselle include every board, body, officer or commission supported and maintained wholly or in part by funds appropriated by the Borough of Roselle, as required by N.J.S.A.40A:5-5. Accordingly, the financial statements of the Borough of Roselle do not include the operations of the municipal library or the board of education, inasmuch as their activities are administered by separate boards.

B. Description of Funds

The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. GASB Codification establishes three fund types and two account groups to be used by general purpose governmental units when reporting financial position and results of operations in accordance with U.S. Generally Accepted Accounting Principles (GAAP).

The accounting policies of the Borough of Roselle conform to the accounting principles applicable to municipalities which have been prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey. Such principles and practices are designed primarily for determining compliance with legal provisions and budgetary restrictions and as a means of reporting on the stewardship of public officials with respect to public funds. Under this method of accounting, the financial transactions and accounts of the Borough of Roselle are organized on the basis of funds and an account group which is different from the fund structure required by GAAP. A fund or account group is an accounting entity with a separate set of selfbalancing accounts established to record the financial position and results of operation of a specific government activity. As required by the Division of Local Government Services the Borough accounts for its financial transactions through the following individual funds and account groups:

4

NOTE 1:

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

B. Description of Funds (Continued)

Current Fund - resources and expenditures for governmental operations of a general nature, including federal and state grant funds.

Trust Fund - receipts, custodianship and disbursement of funds in accordance with the purpose for which each reserve was created.

General Capital Fund - receipts and disbursement of funds for the acquisition of general capital facilities, other than those acquired in the Current Fund.

Affordable Housing Utility Operating anq Capital Fund - account for the operations of the municipally owned Affordable Housing Utility.

Public Assistance Fund - receipt and disbursement of funds that provide assistance to certain residents of the Borough pursuant to Title 44 of New Jersey statutes.

General Fixed Assets Account Group - Utilized to account for property, land, buildings and equipment that have been acquired by other governmental funds.

C. Basis of Accounting

The accounting principles and practices prescribed for municipalities by the State of New Jersey differ in certain respects from generally accepted accounting principles applicable to local government units. The more significant accounting policies and differences in the State of New Jersey are as follows:

A modified accrual basis of accounting is followed with minor exceptions.

Revenues - are recorded when received in cash except for certain amounts which are due from other governmental units. Grants are realized as revenue when anticipated in the Borough's budget. Receivables for property taxes are recorded with offsetting reserves on the balance sheet of the Borough's Current Fund; accordingly, such amounts are not recorded as revenue until collected. Other amount that are due the Borough, which are susceptible to accrual, are also recorded as receivables with offsetting reserves and recorded as revenue when received. GAAP requires revenues to be recognized in the accounting period when they become susceptible to accrual, reduced by an allowance for doubtful accounts.

5

NOTE 1:


C. Basis of Accounting (Continued)

Expenditures - are recorded on the "budgetary" basis of accounting. General expenditures are recorded when an amount is encumbered for goods or services through the issuances of a purchase order in conjunction with the Encumbrance Accounting System. Outstanding encumbrances at June 30 are reported as a cash liability in the financial statements and constitute part of the Borough's statutory Appropriation Reserve balance. Appropriation reserves covering unexpended appropriation balances are automatically created at June 30th of each year and recorded as liabilities, except for amounts which may be canceled by the governing body. Appropriation reserves are available, until lapsed at the close of the succeeding year, to meet specific claims, commitments or contracts incurred during the preceding fiscal year. Lapsed appropriation reserves are recorded as income. Appropriations for principal payments on outstanding general capital and utility bonds and notes are provided on the cash basis; interest on general capital indebtedness is on the cash basis, whereas interest on utility indebtedness is on the accrual basis.

Encumbrances - Contractual orders at June 30 are reported as expenditures through the establishment of encumbrances payable. Under GAAP, encumbrances outstanding at year end are reported as reservations of fund balance because they do not constitute expenditures or liabilities.

Foreclosed Property - Foreclosed property is recorded in the Current Fund at the assessed valuation when such property was acquired and is fully reserved. GAAP requires such property to be recorded in the General Fixed Assets Account Group at its market value.

Sale of Municipal Assets - The proceeds from the sale of municipal assets can be held in a reserve until anticipated as revenue in a future budget. GAAP requires such proceeds to be recorded as revenue in the year of sale.

Interfunds - Interfund receivables in the Current Fund are recorded with offsetting reserves which are created by charges to operations. Income is recognized in the year the receivables are liquidated. Interfund receivables in the other funds are not offset by reserves. GAAP does not require the establishment of an offsetting reserve.

6

NOTE 1:


C. Basis of Accounting (Continued)

General Fixed Assets - Technical Accounting Directive No. 85-2, Accounting for Governmental Fixed Assets, as promulgated by the Division of Local Government Services, which differs in certain respects from generally accepted accounting principles, requires the inclusion of a statement of general fixed assets of the Borough as part of its basic financial statements. General fixed assets are defined as nonexpendable personal and real property having a physical existence, a useful life of more than one year and an acquisition cost of $5,000.00 or more per unit. Public domain ("infrastructure") general fixed assets consisting of certain improvements other than buildings, such as roads, bridges, curbs and gutters, streets and sidewalks and drainage systems are not capitalized. General fixed assets that have been acquired and are utilized in a governmental fund operation are accounted for in the General Fixed Asset Account Group rather then in a governmental fund. No depreciation has been provided on general fixed assets or reported in the financial statements.

The Borough has developed a fixed assets accounting and reporting system based on an inspection and valuation prepared by an independent appraisal. However the fixed assets records have not been currently maintained and are incomplete, and, accordingly, have not included such information in its financial statements.

Fixed Capital - Affordable Housing Utilities - Accounting for utility fund "fixed capital" remains unchanged under the requirements of Technical Accounting Directive No. 85-2.

Inventories of Supplies - The costs of inventories of supplies for all funds are recorded as expenditures at the time individual items are purchased. The costs of inventories are not included on the various balance sheets. GAAP requires the cost of inventories to be reported as a current asset and equally offset by a fund balance reserve.

D. Basic Financial Statements

The GASB codification also defines the financial statements of a governmental unit to be presented in the general purpose financial statements to be in accordance with GAAP. The Borough presents the financial statements listed in the table of contents of the "Requirements of Audit and Accounting Revision of 1987" as prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey and which differ from financial statements required by GAAP.

7

NOTE 2:

CASH AND CASH EQUIVALENTS

The Borough considers petty cash, change funds, cash in banks, deposits in the C.L.A.S.S. and certificates of deposit as cash and cash equivalents.

A. Deposits

New Jersey statutes permit the deposit of public funds in institutions which are located in New Jersey and which meet the requirements of the Governmental Unit Deposit Protection Act (GUDPA) or the State of New Jersey Cash Management Fund. GUDPA requires a bank that accepts public funds to be a public depository. A public depository is defined as a state bank, a national bank, or a savings bank, which is located in the State of New Jersey, the deposits of which are insured by the Federal Deposit Insurance Corporation.

The statutes also require public depositories to maintain collateral for deposits of public funds that exceed certain insurance limits. All collateral must be deposited with the Federal Reserve Bank or a banking institution that is a member of the Federal Reserve System and has capital funds of not less than $25,000,000.00.

The Borough of Roselle had the following cash and cash equivalents at June 30, 2009:

Cash on Deposits in Outstanding
FUND Deposit Transit Checks TOTAL
Current Fund $ 5,063,622.15 $ 23,337.24 $ (221,329.39) $ 4,865,630.00
Animal Control Trust Fund 8,312.78 (97.80) 8,214.98
Trust Other Fund 732,526.88 (8,477.50) 724,049.38
General Capital Fund 3,088,527.59 (5,994.00) 3,082,533.59
Low Income Housing Utility
Operating Fund 172,793.29 (32,636.14) 140,157.15
Low Income Housing Utility
Capital Fund 15,000.00 15,000.00
Public Assistance Trust
Fund 12,960.34 12,960.34
TOTAL JUNE 30, 2009 $ 9,093,743.03 $ 23,337.24 $ (268,534.83) $ 8,848,545.44 8

NOTE 2:

CASH AND CASH EQUIVALENTS (CONTINUED)

A. Deposits (Continued)

Custodial Credit Risk - Deposits - Custodial credit risk is the risk that in the event of a bank failure, the deposits may not be returned. The Borough does not have a specific deposit policy for custodial credit risk other than those policies that adhere to the requirements of statute. As of June 30, 2009, based upon the coverage provided by FDIC and NJ GUDPA, no amount of the bank balance was exposed to custodial credit risk. Of the cash on balance in the bank $9,093,743.03 was covered by Federal Depository Insurance and $250,000.00 was covered by NJ GUDPA and $37,547.29 was on deposit in the Municipal Investors Service Corporation Assets Management Program (MBIA Class).

B. Investments

The purchase of investments by the Borough is strictly limited by the express authority of the New Jersey Local Fiscal Affairs Law, N.J.S.A. 40A:5-15.1. Permitted investments include any of the following type of securities:

1. Bonds or other obligations of the United States of America or obligations guaranteed by the United States of America;

2. Government money market mutual funds which are purchased from an investment company or investment trust which is registered with the Securities and Exchange Commission under the "Investment Company Act of 1940," 15 U.S.C. 80a-1 et seq., and operated in accordance with 17 C.F.R. § 270.2a-7 and which portfolio is limited to U.S. Government securities that meet the definition of an eligible security pursuant to 17 C.F.R. § 270.2a-7 and repurchase agreements that are collateralized by such U.S. Government securities in which direct investment may be made pursuant to paragraphs (1) and (3) of N.J.S.A. 5-15.1. These funds are also required to be rated by a nationally recognized statistical rating organization.

3. Any obligation that a federal agency or a federal instrumentality has issued in accordance with an act of Congress, which security has a maturity date not greater than 397 days from the date of purchase, provided that such obligation bears a fixed rate of interest not dependent on any index or other external factor;

4. Bonds or other obligations of the Local Unit or bonds or other obligations of school districts of which the Local Unit is a part or within which the school district is located.

5. Bonds or other obligations, having a maturity date not more than 397 days from date of purchase, approved by the Division of Investment of the Department of Treasury for investment by Local Units;

9

NOTE 2:

NOTE 3:

CASH AND CASH EQUIVALENTS (CONTINUED)

B. Investments (Continued)

6. Local government investment pools that are fully invested in U.S.

Government securities that meet the definition of eligible security pursuant to 17 C.F.R. § 270a-7 and repurchase agreements that are collateralized by such U.S. Government securities in which direct investment may be made pursuant to paragraphs (1) and (3) of N.J.S.A. 5-15.1. This type of investment is also required to be rated in the highest category by a natisonally recognized statistical rating organization.

7. Deposits with the State of New Jersey Cash Management Fund established pursuant to section 1 of P.L. 1977, c.281 (C.52:18A- 90.4): or

8. Agreements for the repurchase of fully collateralized securities if:

a. the underlying securities are permitted investments

pursuant to paragraphs (1) and (3) of this subsection;

b. the custody of collateral is transferred to a third party;

c. the maturity of the agreement is not more than 30 days;

d. the underlying securities are purchased through a public depository as defined in section 1 P.L. 1970, c.236 (C.17:19-41); and

e. a master repurchase agreement providing for the custody and security of collateral is executed.

The Borough of Roselle's investment activities during the year were in accordance with the above New Jersey Statute.

As of June 30, 2009, the Borough had $37,547.29 on deposit with the Municipal Investors Service Corporation Assets Management Program (MBIA Class). Based upon the limitation set forth by New Jersey Statutes 40A:5-15.1 and existing investment practices of the Investment Council of the New Jersey Cash Management Fund, the Borough is generally not exposed to credit risks and interest rate risks for its investments, nor is it exposed to foreign currency risk for its deposits and investments.

MUNICIPAL DEBT

The Local Bond Law, Chapter 40A:2, governs the issuance of bonds to finance general municipal capital expenditures. All bonds are retired in annual installments within the statutory period of usefulness. All bonds issued by the Borough are general obligation bonds, backed by the full faith and credit of the Borough. Bond Anticipation Notes, which are issued to temporarily finance capital projects, shall mature and be paid off within ten years or financed by the issuance of bonds. A summary of bond and loan transactions for the year ended June 30,2009 are detailed on Exhibits "C-11" and "C-14".

10

NOTE 3: MUNICIPAL DEBT (CONTINUED)
SUMMARY OF MUNICIPAL DEBT (EXCLUDING CURRENT
OPERATING DEBT AND TYPE II SCHOOL DEBT)

YEAR 2009 YEAR 2008 YEAR 2007
Issued:
General:
Bonds, Notes and Loans $ 13,367,285.00 $ 12,172,412.00 $ 13,438,154.00
Less Funds Temporarily Held to
Pay Bonds and Notes 213,118.00 161,368.00 6,118.00
Net Debt Issued $ 13,154,167.00 $ 12,011,044.00 $ 13,432,036.00
Authorized but not Issued
General:
Bonds and Notes $ 8,422,591.00 $ 8,254,000.00 $
Net Bonds and Notes Issued and
and Authorized but not issued $ 21,576,758.00 $ 20,265,044.00 $ 13,432,036.00 SUMMARY OF STATUTORY DEBT CONDITION (ANNUAL DEBT STATEMENT AS OF JUNE 30, 2009)

The summarized statement of debt condition which follows is prepared in accordance with the required method of setting up the Annual Debt Statement and indicates a statutory net debt of 1.29%.

General Debt

GROSS DEBT 21,789,876.00

DEDUCTIONS 213,118.00

NET DEBT $21,576,758.00

$ $21,789,876.00 $

$213,118.00 $ $21,576,758.00

NET DEBT $21,576,758.00 DIVIDED BY EQUALIZED VALUATION BASIS PER N.J.SAOA:2-2, $1,786,932,919.67 EQUALS 1.20 %.

11

NOTE 3:

MUNICIPAL DEBT (CONTINUED)

BORROWING POWER UNDER N.J.SAOA:2-6 AS AMENDED

Equalized Valuation Basis* - June 30, 2009 3-1/2 of Equalized Valuation Basis

Net Debt

Remaining Borrowing Power

$1,786,932,919.67 62,542,652.19 21,576,758.00

$40,965,894.19

*Equalized Valuation Basis is the average of the equalized valuation of real estate, including improvements and the assessed valuation of Class II Railroad Property of the Borough of Roselle for the last three (3) preceding years.

CALCULATION OF SELF-LIQUIDATING PURPOSEAFFORDABLE HOUSING UTILITY PER N.J.SAOA:2-45

Surplus Anticipated and Total Cash Receipts from Fees, Rents, or Other Charges for the Year

$ 263,050.94

Deductions:

Operating and Maintenance Cost Debt Service

Total Deductions

$ 137,000.00 106,272.50

243,272.50

Excess in Revenue

$ 19,778A4

12

NOTE 3:


Long Term Debt

General Serial Bonds:

ISSUE

$6,870,000.00 in 1997 General Improvement Bonds, due in remaining installments ranging between $610,000.00 and $615,000.00 through February 2012 at an interest rate of 4.95%.

$3,080,000.00 in 2002 General Improvement Bonds, due in remaining installments ranging between $240,000.00 and $250,000.00 through March 2017 at an interest rates between 4.25% and 4.75%.

$145,000.002003 Refunding ERIP Bonds - due in annual remaining installments of $10,000.00 to $15,000.00 through April 2018 at interest rates between 4.89% and 5.29%.

$4,363,000.00 in 2005 General Improvement Bonds, due in remaining installments ranging between $425,000.00 and $453,000.00 through June 2018 at an interest rates between 3.125% and 3.65%.

New Jersey Green Acres Loans:

ISSUE

Green Acres Loan due in annual remaining installments of $11,178.00 to $13,371.00 through Fiscal Year 2019 at various interest rates

13

OUTSTANDING BALANCE JUNE

30, 2009

$1,827,000.00

$1,970,000.00

$105,000.00

$3,978,000.00

$7,880,000.00

OUTSTANDING BALANCE JUNE

30, 2009

$122,454.00

NOTE 3:


SCHEDULE OF ANNUAL DEBT SERVICE FOR PRINCIPAL AND INTEREST FOR BONDED DEBT ISSUED AND OUTSTANDING AS OF JUNE 30, 2009

FISCAL GENERAL CAPITAL
YEAR PRINCIPAL INTEREST TOTAL
2010 $ 1,290,000.00 $ 327,859.00 $ 1,617,859.00
2011 1,285,000.00 273,251.00 1,558,251.00
2012 1,282,000.00 217,190.00 1,499,190.00
2013 705,000.00 160,487.00 865,487.00
2014 710,000.00 75,231.40 785,231.40
2015-2019 2,608,000.00 300,925.60 2,908,925.60
$ $7,880,000.00 $ $1,354,944.00 $ $9,234,944.00 SCHEDULE OF GREEN TRUST LOAN PAYABLE
AS OF JUNE 30, 2009

FISCAL
YEAR PRINCIPAL INTEREST TOTAL
2010 $ 11,178.18 $ 2,393.47 $ 13,571.65
2011 11,402.86 2,168.78 13,571.64
2012 11,632.00 1,939.59 13,571.59
2013 11,865.86 1,705.78 13,571.64
2014 12,104.36 1,467.28 13,57164
2015-2019 64,270.74 3,587.64 67,858.38
$ 122,454.00 $ 13,262.54 $ 135,716.54 14

NOTE 4:

NOTE 5:

NOTE 6:

FUND BALANCES APPROPRIATED

Fund balance at June 30, 2009 which was appropriated and included as anticipated revenue in its own respective fund for the fiscal year ending June 30, 2010 was as follows:

Current Fund $1,300,000.00

Affordable Housing Utility Operating Fund $-0-

PROPERTY TAXES

Property Taxes attach as an enforceable lien on property as of January 1. Taxes are levied based on the final adoption of the current year municipal budget, and payable in four installments on February 1, May 1, August 1 and November 1. The Borough bills and collects its own property taxes and also the taxes for the County and the Local School Districts. The collections and remittance of county and school taxes are accounted for in the current Fund. Borough property tax revenues are recognized when collected in cash and any receivables are recorded with offsetting reserves on the balance sheet of the Borough's Current Fund.

Taxes collected in advance - Taxes collected in advance and recorded as cash liabilities in the financial statements are as follows:



Prepaid Taxes

$

53,084.17 $ ====6=6==,4=7=5.=00=

PENSION PLANS

Borough employees, who are eligible for a pension plan, are enrolled in one of three pension systems administered by the Division of Pensions, Treasury Department of the State of New Jersey. The plans are: the Public Employees' Retirement System, the Police and Firemen's Retirement System, and Consolidated Police and Firemen's Pension Fund of New Jersey. The Division annually charges participating government units for their respective contributions to the plans based upon actuarial methods. Certain portions of the costs are contributed by the employees. The Borough's share of pension, which is based upon the annual billings received from the state, amounted to $1,151,532.25, for 2009, $1,970,224.00 for 2008, and $1,247,840.00 for 2007.

15

NOTE 6:

NOTE 7:

NOTE 8:

PENSION PLANS (CONTINUED)

Borough employees are also covered by Federal Insurance Contribution Act.

Information as to the comparison of the actuarially computed value of vested benefit with the system's assets is not available from the State Retirement System and, therefore, is not presented.

Pension Contribution Deferral

The State of New Jersey has enacted Public Law 2009, C.19, which authorizes the State Department of Treasury, Division of Pensions and Benefits to provide non-state contributing employers the option of paying an amount that represents a fifty percent (50%) reduction of the normal and accrued liability payment of the required contributions to the Police and Fire Retirement System (PFRS) and the Public Employees Retirement System (PERS) which would have been due April 1, 2009. If the deferral is elected, the amount deferred must be repaid, with interest, over a period of fifteen years, beginning in April, 2012; however, the contributing employer is permitted to payoff the obligation at any time by contacting the Division of Pension and Benefits for a payoff amount. The Borough has elected to defer a portion of its pension contributions.

COMPENSATED ABSENCES

Under the existing policy of the Borough, employees are allowed to accumulate unused sick pay over the life of their working careers, which may be taken as time off, or paid at a later date, at an agreed upon rate. A reasonable estimate of such unpaid compensation is not readily available from the Borough but is probably material. Under accounting principals and practices prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey, accumulated cost of such paid compensation is not required to be reported in the financial statements as presented and any amounts required to be paid are raised in that year's budget and no liability is accrued on June 30, 2009.

LITIGATION

The Borough Attorney's letters did not indicate any litigation, claims or contingent liabilities that are either not covered by the Borough's insurance carrier or would have a material financial impact on the Borough.

16

NOTE 9:

NOTE 10:

CONTINGENT LIABILITIES

The Borough participated in several financial assistance grant programs. Entitlement to the funds is generally conditional upon compliance with terms and conditions of the grant agreements and applicable regulations, including the expenditure of funds for eligible purposes. The grants received and expended in State Fiscal Year 2009 were subject to a Single Audit under U.S. Office of Management and Budget (OM B) Circular A-133 and State of New Jersey OMB 04-04, which mandates that grant revenues and expenditures be audited in conjunction with the Borough's annual audit. Findings and questioned costs, if any, relative to financial assistance programs will be discussed in detail in Part II, Report Section of the 2009 audit. In addition, these programs are also subject to compliance and financial audits by the grantors or their representatives. As of June 30, 2009, the Borough does not believe that any material liabilities will result from such audits.

RISK MANAGEMENT

The Borough is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The Borough maintains commercial insurance coverage covering each of those risks of loss. Management believes such coverage is sufficient to prelude any significant uninsured losses to the Borough. Settled claims have not exceeded this commercial coverage in any of the past three fiscal years.

New Jersey Unemployment Compensation Insurance - The Borough has elected to fund its New Jersey Unemployment Compensation Insurance under the "Benefit Reimbursement Method". Under this plan, the Borough is required to reimburse the New Jersey Unemployment Trust Fund for benefits paid to its former employees and charged to its account with the State. The Borough is billed quarterly for amounts due to the State. Below is a summary of Borough contributions, employee contributions, reimbursements to the State for benefits paid, and the ending balance of the Borough's expendable trust fund for the current and previous two years:

Fiscal Borough I nterestiEmployee Amount Ending
Year Contributions Contributions Reimbursed Balance

2009 $ 75,000.00 $ 3,458.21 $ 70,505.26 $ 58,656.95
2008 6,683.00 62,920.00 50,704.00
2007 40,000.00 19,157.00 68,581.00 106,941.00 17

NOTE 11:

NOTE 12:

DEFERRED COMPENSATION PLAN

The Borough offers its employees a deferred compensation plan created in accordance with Internal Revenue Code Section 457. The plan, available to all Borough employees does not make any contribution to the plan. The deferred compensation is not available to employees until retirement, death, disability, termination or financial hardship.

In accordance with the requirements of the Small Business Job Protection Act of 1996 and the funding requirements of Internal Revenue Code Section 457(g), the Borough's Plan was amended to require that all amounts of compensation deferred under the Plan are held for the exclusive benefits of plan participants and beneficiaries. All assets and income under the Plan are held in trust, in annuity contracts or custodial accounts.

All assets of the plan are held by an independent administrator.

The accompanying financial statements do not include the Borough's Deferred Compensation Plan activities.

INTERFUND RECEIVABLES AND PAYABLES

The following interfund balances remained on the balance sheets of the various funds at June 30, 2009:

Interfund Interfund
Fund Receivable Payable
Current Fund $69,719.04 $776,577.88
Federal and State Grant Fund 50,782.04 100,000.00
Animal Control Fund 6,122.69
Trust Other Fund 824,975.85 260,840.00
General Capital Fund 260,000.00 14,861.25
Low Income Housing Utility Operating
Fund 28,735.10
Public Assistance Fund 840.00
Net Payroll 819.99
Payroll Agency 20,000.00

$1,207,136.92 $1,207,136.92 All balances resulted from the time lag between the dates that short-term loans were disbursed and payments between funds were made.

18

NOTE 13:

NOTE 14:

GASB 45: OTHER POST-EMPLOYMENT BENEFITS

The Borough provides Post-Retirement Benefits to certain employees in accordance with the terms of their various labor agreements or in accordance with municipal ordinance.

The Governmental Accounting Standards Board (GAS B) has issued Statement No. 45, "Accounting and Financial Reporting by Employers for Post Employment Benefits Other Than Pension." This statement requires the municipality to disclose in the notes to the financial statements the present value of the estimated future cost of the other post employment benefits (OPEB). OPEB obligations are non-pension benefits that the municipality has contractually or otherwise agreed to provide employees once they have retired.

Under current New Jersey budget and financial reporting requirements, the municipality is not required to fund any amounts in excess of their current costs on a pay-as-you-go basis. Additionally, the municipality is not required to recognize any long-term obligations resulting from OPEB on their balance sheets; however, OPEB obligations are required to be disclosed in the notes, commencing with the 2008 fiscal year.

The Borough has not yet calculated its OPEB obligations and the impact on the financial position or results of operations, if any, cannot be readily determined at this time.

DEFERRED CHARGES

Current Fund Expenditure without an Appropriation Overexpenditure of Appropriation Reserves

Affordable Housing Utility Operating Fund Overexpenditure of Appropriation Reserves

BALANCE 2010 BALANCE TO
JUNE 30, BUDGET SUCCEEDING
2009 APPROPRIATION YEARS

$ 21,425.65 $ 21,425.65
11,451.63 11,451.63 14,206.35

14,206.35

$

$47,083.63 $ ==~$4~7~,0~8~3.~63~

-0-

19


BOROUGH OF ROSELLE SUPPLEMENTARY SCHEDULES FISCAL YEAR ENDED JUNE 30, 2009

BOROUGH OF ROSELLE

CURRENT FUND

SCHEDULE OF CASH COLLECTOR-TREASURER

CURRENT GRANT
REF FUND FUND
Balance, June 30, 2008 A $ 3,897,35376 $ -0-
Increased by Receipts'
Grants Receivable A-7 $ 817,824.02
Taxes Receivable A-8 55,151,323,98
Revenue Accounts Receivable A-11 4,909,769,24
State of New Jersey, Chapter 20, P.L, 1971 A-13 154,3.85,10
Grants-Unappropriated A-18 38,344.23
Prepaid Taxes A-21 53,084,17
Tax Overpayments A-6 346,275.10
Sale of Assets A-12 30,000,00
Due Trust Other Fund A-20 100,000.00
Due Current Fund A-19 740,23069
Interiunds A-16 2,862,308.60
Miscellaneous Revenue Not Anticipated A-2 186,19732
Appropriation Refunds A-3 238,183.56
63,931,52707 1,696,398.94
$ 67,828,880.83 $ 1,696,398.94
Decreased by Disbursements
SFY 2009 Appropnations A-3 $ 29,846,85539 $
SFY 2008 Appropriation Reserves A-17 1,516,952.13
Reserve for Grants Appropriated A-14 739,291.21
Interiunds A-16 1,478,930.76
Refund of Tax Overpayments A-6 290,46783
County Taxes A-22 6,272,736,33
Local District School Tax A-23 23,438,800.00
Due Current Fund A-24 957,107.73
Expenditure without an Appropriation A-25 21,425,65
Refund of Prior Year Revenues A-1 80,916.49
Refund of Current Year Revenue -Construction Fees A-2 5,578,00
Refund of Current Year Revenue - Fees & Permits A-2 3,388.25
Refund of Current Year Revenue - Other Licenses A-2 7,200.00
62,963,250.83 1,696,398.94
Balance, June 30, 2009 A $ 4,865,63000 -0- BOROUGH OF ROSELLE

CURRENT FUND

SCHEDULE OF CHANGE FUND

OFFICE


Collector Municipal Court

$

200.00 200.00

$

400.00

A

SCHEDULE OF TAX OVERPAYMENTS

Balance, June 30, 2008 A $ 61,567.00
Increased by:
Tax Overpayments Received A-4 346,275.10
$ 407,842.10
Decreased by:
Cash Disbursements A-4 $ 290,467.83
Applied A-8 13,305.57
303,773.40
Balance, June 30, 2009 A $ 104068.70 Municipal Alliance Grant - Prior Years Municipal Alliance Grant - 09 Pandemic Influenza

Green Cornrnunities

Bulletproof Vest Partnership Grant Edward Brynes Memorial Justice Grant Greening Union County

Statewide livable Communities Local library Aid County of Union Homeland Security

Union County Kids Recreation

UEZ Administration Grant

LJEZ Administration Grant-09

UEZ Clean Team Program Grant- Year 1 UEZ Clean Team Program Grant- 09 UEZ Advertising CO .. OP

UEZ Marketing CO-OP - Star Ledger - 08 UEZ Marketing Summer concert Series UEZ Streetscape

UEZ Marketing Summer Concert Series -09 UEZ Marketing Summer Concert Series -09 UEZ Design Guidelines

UEZ Police Patrol

UEZ Police Patrol-09

UEZ Streetscape

UEZ Master Plan

UEZ Com cas! Commercial Phase II UEZ Comcast Commercial Phase 1l1-09 UEZ Comcast Commercial Phase IV~09 UEZ Facade Improvements

UEZ Marketing and Development Municipal Stormwater Regulation You Drink You Drive You Lose Operation Safe Streets Brownfields Assessment

Drunk Driving Enforcement Fund-09 Alcohol Education and Rehab Fund 09 Safe Route to School -09

"A-7"
BOROUGH OF ROSELLE
GRANT FUND
SCHEDULE OF GRANTS RECEIVABLE

BALANCE ANTICIPATED BALANCE
JUNE INSFY 2009 UNAPPROPRIATED JUNE
30 2008 BUDGET RECEIPTS APPLIED 30 2009
36,396,00 $ $ 15,893,00 $ 20,50300
16,498,00 16,498,00
88,00 7,472,00 7,47000 9000
2,000,00 2,00000
12,85900 12,859,00
10,531.00 10,46143 6957
9,31800 9,31800
50,000,00 50,00000
67200 67200
80,00000 28,75000 51,25000
165,196,00 111,02603 54,16997
80,05600 80,056,00
150,891,00 232,144,00 219,515,38 163,51962
233,49600 233,49600
42,14400 42,14400
45,13000 45,130,00
33,59200 3602730 (2,43530)
330,577.00 330,577 00
95,65000 54,13548 41,514,52
82.72500 82.72500
9,300,00 9,300,00
123,32100 109,31288 14,00812
119,76000 73,10647 46,653,53
153,16900 153,169,00
38,600,00 38,60000
70,712,00 70,712,00
87,906,00 38,467,00 49,439,00
106,118,00 106,118,00
28,95100 28,951,00
188,500,00 188,50000
10,583,00 10,58300
304,00 30400
4,00000 4,00000
200,000,00 8,685,50 191,31450
5,66900 5,669,00
1,70283 1,113,83 589,00
4,600,00 4,60000
4,000,00 3,66095 339,05
5,61900 5,61877 023
23,86800 23,86800
11,036,00 11,036,00
4,73600 4,73600
11900 119,00
1 713,223,00 $ 1 20678583 $ 81782402 21441.00 $ 208074381
REF A A-2 A-4 A-18 A Click it or Ticket - 09

Body Armor Replacement Grant Assistance to FtreFighters-09 Clean Communrties Program 09 Recycling Tonnage Grant

Over the limit and Under Arrest

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BOROUGH OF ROSELLE

CURRENT FUND

SCHEDULE OF TAX TITLE LIENS

REF.
Balance, June 30, 2008 A $ 6,952.75
Increased by:
Transfer From Taxes Receivable A-8 1,919.23
Balance, June 30, 2009 A $ 8871.98 SCHEDULE OF PROPERTY ACQUIRED FOR TAXES (AT ASSESSED VALUATION)

Balance, June 30, 2008

A

$

2,027,232.25

Decreased by:

Adjustment to Assessed Valuation

0.25


A

$

2,027,232.00

"A-ll"
BOROUGH OF ROSELLE
CURRENT FUND
SCHEDULE OF REVENUE ACCOUNTS RECEIVABLE
BALANCE COLLECTED BALANCE
JUNE ACCRUED BY JUNE
REF 30 2008 IN SFY 2009 TREASURER 30 2009

Clerk'
Licenses:
ABC A-2 $ $ 17,660.00 $ 17,660.00 $
Other A-2 9,977.00 9,977.00
Fees and Permits A-2 6,32520 6,325.20
Health Officer/vital Statistics
Licenses A-2 482.57 14,669.13 15,15170
Fees and Permits A-2 773.43 773.43
Construction Code Official:
Fees and Permits A-2 212,86300 212,86300
Engineer:
Police:
Fees and Permits A-2 9,029.00 7,507.92 16,536.92
Fire:
Fees and Permits A-2 17,771.30 17,771.30
Public Works:
Fees and Permits A-2 9,269.75 9,269.75
Municipal Court·
Fines and Costs A-2 51,772.00 414,486.92 436,717.23 29,541.69
Tax Collector:
Planning/Zoning'
Fees and Permits A2 34,72230 34,722.30
Recreation
Fees and Permits A·2 45,42000 45,420.00
Interest and Cost on Taxes A-2 429,301.28 429,301.28
Parking Meters A-2 19,432.62 19,43262
Interest on Investments and Deposits A-2 98,353.56 98,35356
Cable Televisron Franchise Tax A·2 50,601.57 50,601.57
Consolidated Municlpal Purpose Tax Relief Act A-2 1,493,36300 1,493,363.00
Energy Receipts Tax A-2 1,509,869.00 1,509,869.00
Library Pension Contribution A-2 14,338.00 14,338.00
Uniform Fire Safety Act A-2 29,326.65 29,326.65
Ambulance Revenue A-2 266,313.10 266,313.10
General Capital Fund Surplus A-2 100,000.00 100,000.00
Payment in Lieu of Taxes A-2 74,782.63 74,782.63
$ 62057.00 $ 4,877 253.93 $ 4 909769.24 $ 29541.69
REF A A-4 A BOROUGH OF ROSELLE

CURRENT FUND

SCHEDULE OF RESERVE FOR SALE OF MUNICIPAL ASSETS

REF.
Balance, June 30, 2008 A $ 41,970.00
Increased by:
Cash Receipts A-4 30,000.00
Balance, June 30, 2009 A $ 71,970.00 BOROUGH OF ROSELLE

CURRENT F.UND

SCHEDULE OF DUE FROM STATE OF NEW JERSEY FOR SENIOR CITIZENS AND VETERANS DEDUCTIONS

REF.
Balance, June 30, 2008 A $ 141,310.00
Charged:
Senior Citizens Deductions Per Tax Billings $ 51,875.00
Veterans Deductions Per Tax Billings 106,12500
Senior Citizens & Veterans Deductions Allowed by Tax Collector 3,875.00
161,87500
$ 303,185.00
Decreased by:
Cash Receipts A-4 154,38510
Senior Citizens Deductions Disallowed by Tax Collector 6,284.93
160,67003
Balance, June 30, 2009 A $ 142514.97
ANALYSIS OF STATE SHARE OF S.FY 2009
SENIOR CITIZENS AND VETERANS DEDUCTIONS ALLOWED
Senior Citizens Deductions Per Tax Billings $ 51,875.00
Veterans Deductions Per Tax Billings 106,125.00
Senior Citizens Deductions Allowed by Tax Collector 3,875.00
State Share Realized A-8 $ 15559007 "A-14"
BOROUGH OF ROSELLE
GRANT FUND
SCHEDULE OF RESERVE FOR GRANTS APPROPRIATED
BALANCE BALANCE
JUNE JUNE
30 2008 APPROPRIATED EXPENDED 30 2009
Body Armor Replacement Fund $ 25,600.75 $ 5,619.00 $ 22,360.60 $ 8,859.15
Municipal Alliance Grant 25,992.25 13,238.95 12,753.30
Municipal Alliance Grant - Match 5,365.00 4,088.98 1,276.02
Municipal Alliance Grant-2009 16,498.00 3,990.03 12,507.97
Municipal Alliance Grant-2009 Local Match 4,125.00 797.29 3,327.71
Pandemic Infiuenza 88.00 88.00
Pandemic Influenza 7,472.00 7,469.90 2.10
Click it or Ticket 4,000.00 3,590.85 409.15
Edward Brynes Memorial Justice Grant 39.00 39.00
Assistance to Firefighters - Grant 23,868.00 23,868.00
Assistance to Firefighters - Match 2,651.00 2,651.00
UEZ Administration Grant: 27,729.00 27,729.00
UEZ Administration Grant: Match 38,186.12 10,549.09 27,63703
UEZ Administration Grant: 09 80,056.00 73,668.59 6,387.41
UEZ Administration Grant: Match 71,548.00 22,384.52 49,163.48
UEZ Clean Team Program Grant (22,931.82) 1,969.36 -24,901.18
UEZ Clean Team Program - 2008 Grant 232,144.00 76,650.56 155,493.44
UEZ Clean Team Program - 2008 Match 3,400.00 1,302.40 2,09760
UEZ Clean Team Program - 2009 Grant 233,496.00 59,512.55 173,983.45
UEZ Clean Team Program - 2009 Match 3,400.00 3,400.00
UEZ Advertising CO-OP 30,839.00 30,839.00
UEZ Advertising CO-OP 45,130.00 14,744.00 30,386.00
UEZ Marketing Summer Concert Series 6,005.00 -480.00 6,485.00
UEZ Marketing Summer Concert Series - Match 52600 526.00
UEZ Marketing Summer Concert Series 95,650.00 79,03754 16,612.46
UEZ Marketing Summer Concert Series - Match 82,725.00 82,725.00
UEZ Police Patrol 34,505.00 -516.49 35,021.49
UEZ Police Patrol - Match 6,689.00 -516.49 7,20549
UEZ Police Patrol - 2009 119,760.00 119,760.00
UEZ Police Patrol - Match 2009 29,940.00 29,940.00
UEZ Streetscape 321,915.00 321,915.00
UEZ Master Plan 38,600.00 38,600.00
UEZ Master Plan Match 9,650.00 9,650.00
UEZ Comcast Phase I 189.00 189.00
UEZ Comcast Phase III 87,906.00 87,906.00
UEZ Comcast Phase IV 106,118.00 30,879.00 75,239.00
UEZ Design Guidelines 9,300.00 9,300.00
UEZ Facade Improvements 205,000.00 205,000.00
UEZ Marketing and Development 168,500.00 29,265.43 139,234.57
Municipal Stormwater Regulation 10,583.00 10,583.00
You Drink, You Drive, You Lose 304.00 304.00
Operation Safe Streets 4,000.00 4,000.00
Brownfields 179,277.00 29,922.00 149,355.00
Drunk Driving Enforcement Fund 15,758.00 6,430.90 9,327.10
Drunk Driving Enforcement Fund 5,669.00 5,669.00
Alcohol Education and Rehab. Fund 3,524.00 3,524.00
Alcohol Education and Rehab. Fund 1,702.83 1,702.83
Development of Elderly Programs 1,627.70 1,168.40 459.30
Bulletproof Vest Partnership 2,931.00 2,931.00
Union County Kids Recreation 59,103.00 7,500.00 51,603.00
Union County Kids Recreation 42,500.00 37,000.00 5,500.00
Enhanced 911 Grant 112,409.00 112,409.00
Safe Routes to Schools 4,600.00 3,376.50 1,223.50
Matching Funds for Grants-CDBG 10,612.00 10,612.00
Clean Communities Program 63,378.00 63,378.00
Clean Communities Program 11,036.00 11,036.00
Recycling Tonnage Grant 6,430.00 6,430.00
Recycling Tonnage Grant 4,736.00 4,736.00
DWII Sobriety
Over the Limit and Under Arrest 5,000.00 5,000.00
$ 1 347861.00 $ 1384611.83$ 871 860.46 $ 1860612.37
REF A-3 A
Federal and State Grants A $ 1,310,379.00
Encumbrances A-26 37,482.00
$ 1,347,861.00
Encumbrances A-26 132,569.25
$ 871,860.46 BOROUGH OF ROSELLE

CURRENT FUND

SCHEDULE OF PREPAID REVENUE


Decreased by:

Applied

A

A-1

$

13,900.00

$

13,900.00

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"A-l7"
§tLEJ:Hl
BOROUGH OF ROSELLE
CURRENT FUND
§CHEDUli_Qf FISCAL YEAR 2008 APPROPRIATION_RESERVES

BALANCE JUNE 30 2008 BALANCE
COMMITMENTS AFTER PAID OR BALANCE
pAYABLE RESERVED TRA~§fl;R§ QlMGED LI\f'SED OVER_£JSPJ:NDED
§ALARIES AND WAGES
Administrative and Executive 576.00 576.00 57600
Borough Clerk 380.00 380.00 380.00
Borough Council 26.00 26.00 2600
Financial Administration 507.00 507.06 507.00
Assessment of Taxes 750.00 750.00 750.00
Collection of Taxes 31200 3120.0 31200
Legal Services and Costs 231.00 231.00 23100
Prosecutor 1,5000b 1,500.00 1,50000
Public BUildings and Grounds 1,45200 1,45200 1,452.00
Planning Board 569.00 56900 569.00
Zomng Board of Adjustment 88300 883.00 88300
Shade Tree Commission 139.00 139.00 139.00
Snow Removal 4.00 4.00 4.00
Fire Department 120.00 120.00 120.00
Police 21,602.00 21,602.00 21,602.00
Traffic Control-School Crossing Guards 373.00 373.00 37300
Emergency Management Services 442.00 442.00 44200
Street and Road Maintenance 553.00 55300 55300
Soard of Health 496.00 49600 496.00
Welfare 1,224.00 1,224.00 1,22400
Community Services 419.00 419.00 419.00
Recreation 735.00 73500 73500
Rental Property (Code Enforcement) 929.00 929.00 929.00
Municipal Court 2,348.00 2,34800 2,34800
Public Defender 15,000.00 15,000.00 15,000.00
Police Communications Operators 718.00 16.71800 16.71800
OT,,1;]3 EXPENSES;
Administrative and Executive 5,985.20 20,595.00 26.58020 9,994 18 16.58602
Borough Clerk 27.87050 10.18900 38059.50 17.62758 20,43192
Borough Council 3.87525 18.71500 22,59025 15,822.36 6.76789
Human Resources 22,93100 22.93100 17,53675 5.39425
Financial Administration 3,54397 15,07700 18,62097 4,00346 14.61751
Annual Audit 10,00000 55,000.00 65.00000 65,00000
Assessment of Taxes 693.65 49,660.00 50.35365 44,46614 5.88751
Collection of Taxes 54.00 54.00 16.00 38.00
Legal Services and Costs 465.00 41,129.00 41,59400 32,74371 8,850.29
Engineering Services and Costs 4382 28,186.00 28,229.82 27,344.93 88489
Public Bu!!dings and Grounds 34,013.74 41,322.00 55,335.74 17,40213 37,933.61
Planning Board 1,415.66 18,725.00 20,14066 11,57358 8,567.08
Zoning Board of Adjustments 3,228.13 8,505.00 11,733.13 2,215.69 9,51744
Redevelopment Agency 5,850.00 47,199.00 89,049.00 75,122.81 13,926.19
Shade Tree Commission 20,178.67 49,897.00 70,075.67 13,80500 56,27067
Group Insurance for Employees 2,244.00 177,515.00 147,759.00 2,24400 145,515.00
Workers' Compensation 7,597.63 19,567.00 27,16463 3,37300 23,791.63
Other Insurance Premiums 14,587.00 56,71200 71,299.00 405.89 70,89311
Fire Department 26,873.36 4,935.00 31,808.36 42,991.10 11,182.74
Pollee - Miscellaneous 64,530.84 29,563.00 94,093.84 68,622.13 25,471.71
Traffic Control-School Crossing Guards 2,162.00 2,162.00 2,16200 "A-17" SHEET #2

BOROUGH OF ROSELLE

CURRENT FUND

SCHEDULE OF FISCAL YEAR 2008 APPROPRIATION RESERVES

BALANCE JUNE 30 2008 BALANCE
COMMITMENTS AFTER PAID OR BALANCE
PAYABLE R.~~£RVED TRANSFERS <:;_H_ARGED LAPSED QVER!'1<l'_t;_NDED
OTHER EXPENSES (CONTINUED)
Emergency Management Services 12,70476 331,00 13,03576 13,30465 0,00 26889
Street and Road Maintenance 13,193,69 29,947,00 43,140,69 6.42241 36,718,28
Union County S,LAP, Program 22,08600 22,086,00 22,08600
Maintenance of Vehicles 13,381,94 7,506,00 20,88794 7,64001 13,247,93
Recycling 4,33428 89,09500 93.42928 7,807,33 85,62195
Solid Waste Collection 75,06311 126,890,00 201,95311 120,67497 81,27814
Board of Health 48,850,86 22,66600 71,51686 35,28622 36,23064
Welfare 782,59 3.64200 4.42459 1,245,82 3,17877
Community Services 2,283,00 1,30700 3,590,00 2.70500 88500
Rental Property (Code Enforcement) 1,90885 7.40500 9,31385 1,20380 8,11005
Gasoline 22,92898 228,00 23,15698 21,35388 1,80310
Electricity 11,64470 100 11,645,70 11,64470 100
Telephone and Telegraph 8,641,87 20,68829 29,330 16 17,22249 12,10767
Heating Oil 5,000,00 5,00000 5,00000
Street Liqhtinq 74,74600 74,746,00 64,82306 9,92294
Fire Hydrant Service 54,900,00 54,900,00 36,200,00 18,700,00
Water 4,34000 4,340,00 4,340,00
Accumulated Leave Compensation 68200 68200 68200
Municipal Services Act 22,563,00 22,563,00 1,75214 20,810,86
Animal Control Contract - City of Linden 2,646,00 4,00 2,65000 2,64600 4,00
Contingent 10,000,00 10,000,00 10,00000
Social Security System (OAS,!.) 43,081,00 43,08100 43,081 00
State Unemployment Insurance 40,000,00 40,00000 40,00000
Municipal Court 7,19659 1,360,00 8,556,59 6,877 10 1,67949
Sewer Disposal 639,92500 139,30200 779,227,00 639,925,00 139,30200
Police Communication Operators 1,553,00 1,553,00 1,55300
Public Employee Occupational Safety Health Act 15,000,00 15,00000 15,000,00
1,110,638.47 1,573,737.29 2,684,37576 1,518,074.13 $ 1,177,753.26 11.451.63
REF A-24 A A-l A-25
Cash Disbursements A-4 1,516,95213
Encumbrance A-24 1,12200
1,518,07413 BOROUGH OF ROSELLE

GRANT FUND

SCHEDULE OF RESERVE FOR GRANTS - UNAPPROPRIATED

REF.
Balance, June 30, 2008 A $ 21,441.00
Increased by:
$ 59,785.23
Decreased by:
Applied to Receivable A-7 21,441.00
Balance, June 30, 2009 A $ 38,344.23
ANAL YSIS OF BALANCE:
Recycling Tonnage Grant $ 10,879.85
Clean Communities Program 27,464.38
$ 38344.23 BOROUGH OF ROSELLE

GRANT FUND

SCHEDULE OF DUE CURRENT FUND

REF.
Balance, June 30, 2008 Due To A $ 343,921.00
Increased by:
$ 1,084,151.69
Decreased by:
Transfer from Current Fund A-16 177,826.00
1,134,933.73
Balance, June 30, 2009 (Due From) A $ (50,782.04) SCHEDULE OF DUE TRUST OTHER FUND

Increased by:

Cash Receipts

A-4

$

100,000.00


A

$

100,000.00

BOROUGH OF ROSELLE

CURRENT FUND

SCHEDULE OF PREPAID TAXES

REF.
Balance, June 30, 2008 A $ 66,475.00
Increased by
Collection of Fiscal Year 2010 Taxes A-4 53,084.17
$ 119,559.17
Decreased by:
Applied to Fiscal Year 2009 Taxes A-8 66,47500
Balance, June 30, 2009 A $ 53084.17 Increased by:

Tax Levy for SFY 2009 Added Taxes

Decreased by:

Cash Disbursements

Increased by:

School Tax Levy - SFY 2009

Decreased by:

Cash Disbursements

BOROUGH OF ROSELLE

CURRENT FUND

SCHEDULE OF COUNTY TAXES

A-1 A-1 A-8

A-4

$

6,263,241.46 9,494.87

SCHEDULE OF LOCAL DISTRICT SCHOOL TAX

A-1 :A-8

A-4

$

6,272,736.33

6,272,736.33

$

23,438,800.00

$

23438800.00

BOROUGH OF ROSELLE

CURRENT FUND

SCHEDULE OF ENCUMBRANCES PAYABLE

REF.
Balance, June 30, 2008 A $
Increased by:
Fiscal Year 2009 Appropriations A-3 $ 884,965.51
Fiscal Year 2008 Appropriations Reserves A-17 1,122.00
$
Decreased by:
Transferred to Appropriation Reserves A-17
Balance, June 30, 2009 A $ 1,110,638.47

886,087.51

1,996,725.98

1,110,638.47

886,087.51

SCHEDULE OF DEFERRED CHARGES

Overexpenditure of Appropriation Reserves Expenditure without an Appropriation

BALANCE
JUNE
INCREASE 30, 2009

A-17 $ 11,451.63 $ 11,451.63
A-4 21,425.65 21,425.65
$ 32,877.28 $ 32,877.28
REF. A BOROUGH OF ROSELLE

GRANT FUND

SCHEDULE OF ENCUMBRANCES PAYABLE


A

Increased by:

Federal and State Grants Appropriated

A-14

Decreased by:

Transferred to Federal and State Grants Appropriated

A-17


A

$

37,482.00

132,569.25

$

170,051.25

37,482.00

$

132,569.25

BOROUGH OF ROSELLE

TRUST FUND

SCHEDULE OF TRUST FUND CASH COLLECTOR-TREASURER

REF. ANIMAL CONTROL FUND OTHER TRUST FUNDS
Balance, June 30, 2008 B $ 7,729.69 $ 717,783,73
Increased by Receipts:
Due State of New Jersey B-4 $ 586,80 $
Animal Control License Fees B-5 2,395,20
Public Defender B-6 16,544,33
State Unemployment Insurance B-8 78,458,21
State Marriage License Fees B-9 3,350,00
Due Current Fund B-3:B-14 1,465,69 587,394,07
Miscellaneous Trusts B-13 319,911.89
Community Development Block Grant B-10 83,729,66
Special Law Enforcement B-12 18,229,91
Tax Title Lien Redemption B-2 695,630.65
Tax Sale Premiums B-7 453,000,00
Due General Capital Fund B-15 260,000,00
Due Public Assistance Trust Fund B-16 840,00
State Burial Permit Fees B-18 775.00
Parking Offense Adjudication Act B-19 2,718,00
Contra B-1 29,299.94
4,44769 2,549,881,66
$ 12,177.38 $ 3,267,66539
Decreased by Disbursements:
Due State of New Jersey B-4 $ 1,099.80 $
Due Current Fund B-3:B-14 713,302.88
State Unemployment Insurance B-8 70,505,26
State Marriage License Fees B-9 3,510,00
Miscellaneous Trusts B-13 316,596.35
Community Development Block Grant B-11 104,73044
Special Law Enforcement B-12 3,200,00
Tax Sale Premiums B-7 510,100.00
Tax Title Lien Redemption B-2 672,592,95
Public Defender B-6 14,616,69
Expenditures Under R.S4:19-15,11 B-5 2,862,60
Due Federal and State Grant Fund B-17 100,000,00
Parking Offense Adjudication Act B-19 5,161,50
Contra B-1 29,299.94
3,96240 2,543,616,01
Balance, June 30, 2009 B $ 8214,98 $ 724049,38 BOROUGH OF ROSELLE

TRUST OTHER

SCHEDULE OF RESERVE FOR LIQUIDATION OF TAX TITLE LIENS

REF.
Balance, June 30, 2008 B $ 69,342.06
Increased by:
Cash Receipts B-1 695,630.65
$ 764,972.71
Decreased by:
Cash Disbursements B-1 672,592.95
Balance, June 30, 2009 B $ 92379.76 BOROUGH OF ROSELLE

TRUST FUND

SCHEDULE OF DUE CURRENT FUNDANIMAL CONTROL TRUST FUND


B

$

4,657.00

Increased by Cash Receipts

B-3

1,465.69


B

$

6122.69

SCHEDULE OF DUE STATE OF NEW JERSEY ANIMAL CONTROL LICENSE FEES

Balance, June 30, 2008 B $ 589.00
Increased by:
Cash Receipts B-1 586.80
$ 1,175.80
Decreased by:

TRUST FUND

SCHEDULE OF RESERVE FOR ANIMAL CONTROL FUND EXPENDITURES

REF.
Balance, June 30, 2008 B $ 2,483.69
Increased by:
Dog License Fees Collected 2,215.20
Late Fees Collected 180.00
B-1 2,395.20
$ 4,878.89
Decreased by:
Balance, June 30, 2009 B $ 2016.29 LICENSE FEES COLLECTED

FISCAL YEAR

AMOUNT

2007 2008

$

1,157.00 2,016.00

$ 3173.00

BOROUGH OF ROSELLE

TRUST FUND

SCHEDULE OF RESERVE FOR PUBLIC DEFENDER


B

$

11,962.00

Increased by:

Cash Receipts

B-1

$

16,544.33

28,506.33

Decreased by:

Cash Disbursements

B-1

14,616.69


B

$ ====13::!::8::8=9=.6=4

SCHEDULE OF RESERVE FOR TAX SALE PREMIUMS

Balance, June 30, 2008 B $ 968,300.00
Increased by:
$ 1,421,300.00
Decreased by:
Balance, June 30, 2009 B $ 911 200.00 BOROUGH OF ROSELLE

TRUST FUND

SCHEDULE OF STATE UNEMPLOYMENT INSURANCE

REF.
Balance, June 30, 2008 B $ 50,704.00
Increased by:
$ 129,162.21
Decreased by:
Balance, June 30, 2009 B $ 58656.95 SCHEDULE OF MARRIAGE LICENSE FEES -
DUE STATE OF NEW JERSEY
Balance, June 30, 2008 B $ 395.00
Increased by:
$ 3,745.00
Decreased by:
Cash Disbursements B-1 3,51000

TRUST FUND

SCHEDULE OF DUE FROM COUNTY OF UNION COMMUNITY DEVELOPMENT BLOCK GRANT


B

$ 14,061.50
45,88500
55,273.00
101,158.00
$ 115,219.50
$ 83,729.66
83,729.66
$ 31 489.84 Increased by

Grant Awarded in Fiscal Year 2008 Grant Awarded in Fiscal Year 2009

B-11 B-11

Decreased by:

Cash Receipts

B-1


B

SCHEDULE OF RESERVE FOR COMMUNITY DEVELOPMENT BLOCK GRANTS


B

$ 21,847.48
45,885.00
55,273.00
101,158.00
$ 123,005.48
$ 104,730.44
10,388.00
115,118.44
$ 788704 Increased by:

Grant Awarded in Fiscal Year 2008 Grant Awarded in Fiscal Year 2009

B-10 B-10

Decreased by:

Cash Disbursements Accounts Payable

B-1 B-20


B

SCHEDULE OF RESERVE FOR SPECIAL LAW ENFORCEMENT
Balance, June 30, 2008 B $ 48,224.00
Increased by:
$ 66,453.91
Decreased by:
Balance, June 30, 2009 B $ 63253.91 ~I

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BOROUGH OF ROSELLE

TRUST FUND

SCHEDULE OF DUE CURRENT FUND

REF
Balance, June 30, 2008, (Due from) B $ 599,067.04
Increased by:
$ 1,312,369.92
Decreased by:
Cash Receipts B-1 $ 587,394.07

Balance, June 30, 2009, (Due from) B $ 724,975.85 SCHEDULE OF DUE GENERAL CAPITAL FUND

Increased by:

Cash Receipts

B-1

$ 260,000.00

Balance, June 30, 2009, (Due to)

B

$ 260,000.00

SCHEDULE OF DUE PUBLIC ASSISTANCE TRUST FUND

Increased by:

Cash Receipts

B-1

$

840.00


B

$ ===8=40=0=0=

BOROUGH OF ROSELLE

TRUST FUND

SCHEDULE OF DUE FEDERAL AND STATE GRANTS FUND

I ncreased by:

Cash Disbursements

B-1

$ 100,000.00

Balance, June 30, 2009, (Due from)

B

$ 100,000.00

SCHEDULE OF BURIAL PERMIT FEES - DUE STATE OF NEW JERSEY

Increased by:

Cash Receipts

B-1

$

775.00


B

$ 775.00

=====

SCHEDULE OF PARKING OFFENSE ADJUDICATION ACT FUND

Balance, June 30, 2008 B $ 18,393.00
Increased by:
$ 21,111.00
Decreased by:
Balance, June 30, 2009 B $ 15,949.50 BOROUGH OF ROSELLE

TRUST FUND

SCHEDULE OF ACCOUNTS PAYABLE

Increased by:

Reserve for Community Development Block Grant

B-11


B

$

10,388.00

$

10,388.00

BOROUGH OF ROSELLE


SCHEDULE OF GENERAL CAPITAL CASH TREASURER

REF.
Balance, June 30, 2008 C $ 2,449,636.05
Increased by Receipts
Budget Appropriations:
Capital Improvement Fund C-6 $ 100,000.00
State Aid Receivable C-7 223,500.00
Refund of Improvement Authorizations C-8 11,138.75
Premium of Bond Anticipation Notes Issued C-1 90.00
Bond Anticipation Notes C-14 5,364,831.00
Due Current Fund C-15 46,128.31
5,745,68806
8,195,324.11
Decreased by Disbursements:
Due Current Fund C-15 $ 1,107,34406
Bond Anticipation Notes C-14 1,799,000.00
Contracts Payable C-10 2,106,446.46
Capital Surplus to Current Fund C-1 100,000.00
5,112,790.52
Balance, June 30, 2009 C $ 3,082,533.59 BOROUGH OF ROSELLE


ANALYSIS OF GENERAL CAPITAL CASH AND INVESTMENTS

Fund Balance

Capital Improvement Fund State Aid Accounts Receivable

Reserve for State Aid Accounts Receivable Contracts Payable

Reserve to Pay Debt

Due Current Fund

Improvement Authorizations Funded (Listed on "C-8")

Bond Anticipation Notes Issued -

Excess Note Proceeds as Set Forth on "C-5" Unexpended Note Proceeds as Set Forth on "C-5" Improvement Authorizations -

Expended as Set Forth on "C-5"


$

69,415.05 417,340.00 (6,927,313.00) 3,055,000.00 723,303.85 6,118.00 14,861.25

3,011,043.56

207,000.00 3,892,381.83

(1,386,616.95)

$

3,082,533.59

C

BOROUGH OF ROSELLE


SCHEDULE OF DEFERRED CHARGES TO FUTURE TAXATION - FUNDED

Balance, June 30, 2008 C $ 10,373,412.00
Decreased by:
Payment of Bonds by Budget C-11 $ 2,360,000.00
Payment of Green Trust Loan by Budget C-9 10,958.00
2,370,958.00
Balance, June 30, 2009 C $ 8,002,454.00 ~I

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BOROUGH OF ROSELLE


SCHEDULE OF CAPITAL IMPROVEMENT FUND

REF.
Balance, June 30, 2008 C $ 317,340.00
Increased by:
SFY 2009 Appropriations C-2 100,000.00
Balance, June 30, 2009 C $ 417,340.00 SCHEDULE OF STATE AID ACCOUNTS RECEIVABLE


C

$ 6,026,235.00
1,124,578.00
$ 7,150,813.00
$ 223,500.00
260,000.00
483,500.00
$ 6,667,313.00 Increased by:

Grants Authorized

C-8

Decreased by:

Cash Receipts

Due Other Trust Fund

C-2 C-16


C

Pledged to Ordinance

Reserve for Receivables

$ 3,612,313.00

3,055,000.00

$ 6,667,313.00

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BOROUGH OF ROSELLE


SCHEDULE OF GREEN TRUST LOANS PAYABLE

REF.
Balance, June 30, 2008 C $ 133,412.00
Decreased by:
Loans Paid by Budget C-4 10,958.00
Balance, June 30, 2009 C $ 122454.00 SCHEDULE OF CONTRACTS PAYABLE

Balance, June 30, 2008 C $ 904,329.00
Increased by:
Charges to Improvement Authorizations C-8 3,306,461.89
$ 4,210,790.89
Decreased by:
Cash Disbursements C-2 $ 2,106,446.46
Deferred Charge - Tax Appeal Refunding C-13 1,257,780.00
Cancelled C-8 123,26058
3,487,487.04
Balance, June 30, 2009 C $ 723,303.85 ~I

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BOROUGH OF ROSELLE


SCHEDULE OF RESERVE FOR PAYMENT OF DEBT

Balance, June 30, 2008 and June 30, 2009

C

SCHEDULE OF DEFERRED CHARGE - TAX APPEAL REFUNDING


Decreased by:

Charges to Improvement Authorizations

C

C-10

$

6,118.00

$ 1,257,780.00

$ 1,257,780.00

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0 BOROUGH OF ROSELLE


SCHEDULE OF DUE FROM/TO CURRENT FUND

REF.
Balance, June 30, 2008 (Due to) C $ 1,076,077.00
I ncreased by:
Cash Receipts $ 26,000.00
Interest Earned 20,128.31
C-2 46,128.31
1,122,205.31
Decreased by:
Cash Disbursements C-2 1,107,344.06
Balance, June 30, 2009 (Due to) C $ 14,861.25 SCHEDULE OF DUE OTHER TRUST FUND

I ncreased by:

Receipt of State Aid Receivable

C-7

$

260,000.00

Balance, June 30, 2009 (Due from)

C

$ 260,000.00

========

ORDINANCE NUMBER

2251 2297 2313 2314

BOROUGH OF ROSELLE


SCHEDULE OF BONDS AND NOTES AUTHORIZED BUT NOT ISSUED

IMPROVEMENT AUTHORIZATION

Various Capital Improvements Westbrook Flood Control Project Refunding Bond

Improvements to 911 Communications System

BALANCE JUNE 30,2009

$

26,000.00 7,000,000.00 1,300,000.00 122,591.00

$ 8,448,591.00

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BOROUGH OF ROSELLE


SCHEDULE OF RENTAL INCOME ACCOUNTS RECEIVABLE


D

Increased by:

Rents Levied

Decreased by:

Collection

D-2:D-4


D

SCHEDULE OF ACCOUNTS PAYABLE


D

Increased by:

Transferred from Budget

D-3

Decreased by:

Transferred to Reserves

D-8


D

$

67,665.00

268,735.00

$

336,400.00

258,714.00

$

77 686.00

$

1,155.00

6,884.20

$

8,039.20

1,155.00

$

6884.20

SCHEDULE OF TENANT SECURITY DEPOSITS
Balance, June 30, 2008 D $ 15,887.00
Increased by:
Cash Receipts DA 6,946.32
$ 22,833.32
Decreased by:
Cash Disbursements D-4 90.16
Balance, June 30, 2006 D $ 22743.16 BOROUGH OF ROSELLE


SCHEDULE OF S.FY 2008 APPROPRIATION RESERVES

BALANCE BALANCE
JUNE AFTER PAID OR
30, 2008 TRANSFERS CHARGED OVEREXPENDED

Operating:
Other Expenses $ 12,241.00 $ 13,396.00 $ 27,602.35 $ 14,206.35
$ 12241.00 $ 13396.00 $ 27602.35 $ 14206.35
REF. D:D-8 D-4 D-15
Balance, June 30, 2008 D-8 $ 12,241.00
Accounts Payable D-6 1,155.00
$ 13396.00 Account

Affordable Housing Improvements



BOROUGH OF ROSELLE

AFFORDABLE HOUSING UTILITY CAPITAL FUND

SCHEDULE OF FIXED CAPITAL

BALANCE JUNE 30,2008 AND 30, 2009

D

$

5000.00

SCHEDULE OF RESERVE FOR AMORTIZATION

D

$

5,000.00

SCHEDULE OF CAPITAL IMPROVEMENT FUND

D

$ =====2=0'=,=00=0::::.0=0

BOROUGH OF ROSELLE


SCHEDULE OF OPERATING SECURITY DEPOSITS

REF.
Balance, June 30, 2008 D $ 60.00
Increased by:
Cash Receipts D-4 702.20
Balance, June 30, 2009 D $ 762.20 SCHEDULE OF DUE CURRENT FUND


D

$

28,757.00

Decreased by:

Cash Disbursements

D-4

21.90


D

$ ==~2~8~, 7~3~5~.1~0

SCHEDULE OF DUE AFFORDABLE HOUSING UTILITY CAPITAL FUND


D

$

5,000.00

Roselle, NJ SFY 2009 Audit Report

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Report of Audit