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BOROUGH OF DUMONT SECONDARY MARKET DISCLOSURE INFORMATION REQUIREMENTS TAX INFORMATION As of December 31, 2012

2012 Current Tax Collections Total Levy Amount Collected Percentage Collected $ 53,810,186 53,201,423 98.87%

Delinquent Taxes and Tax Title Liens


as of December 31, 2012

Property Owned by the Borough Acquired for Taxes as of December 31, $ 4,331 570,874 575,205 1.07%

Tax Title Liens Delinquent Taxes Total Percentage of Levy

2012

79,526

2012 Assessed Valuation of Land and Improvements by Class Vacant Land Residential Farm Commercial Industrial Apartment Total Components of Real Estate Tax Rate
2012

2012 Assessed Valuations Net Valuation Taxable $ 896,500 1,528,027,300 1,100 94,785,200 6,056,100 61,131,600 1,690,897,800 Apportionment of Tax Levy
2012

Real Property Business Personal Property Net Valuation Taxable Ratio of Assessed Value To True Value of Real Property Total True Value of Assessed Property

1,690,897,800 100 1,690,897,900 90.93% 1,862,289,135

Municipal Local School County Total

0.968 1.972 0.242 3.182

Municipal Local School County Total

16,394,965 33,334,772 4,080,449 53,810,186

BOROUGH OF DUMONT SECONDARY MARKET DISCLOSURE INFORMATION REQUIREMENTS 2013 BUDGET INFORMATION

Revenues Surplus Anticipated Miscellaneous Revenues Receipts from Delinquent Taxes Amount to be Raised by Taxation for Municipal Purposes $ 1,178,971 2,333,665 500,000 16,716,187 $ Expenditures Salaries and Wages Other Expenses Deferred Charges and Statutory Expenditures Capital Improvement Fund Municipal Debt Service Reserve for Uncollected Taxes 20,728,823

8,065,919 8,073,617 1,793,951 55,000 1,640,336 1,100,000

$ 2013 Capital Budget for the Years 2013 through 2018

20,728,823

Year 2013 2014 2015 2016 2017 2018

General Improvements $ 700,000 700,000

$ Proposed Sources of Funding Capital Improvement Fund Bonds and Notes $

35,000 665,000 700,000

Fund Balance - Current Fund Fund Balance as of December 31, 2012 Utilized in Budget of Succeeding Year $ 1,473,635 $ 1,178,971

BOROUGH OF DUMONT SECONDARY MARKET DISCLOSURE INFORMATION REQUIREMENTS DEBT INFORMATION Debt Incurring Capacity as of December 31, 2012 Municipal: Equalized Valuation Basis (last 3 years average) 3 1/2% Borrowing Margin Net Debt Issued, Outstanding and Authorized Excess School Borrowing Total Charged to Borrowing Margin Remaining Borrowing Capacity School: 3% Borrowing Margin Debt Issued, Outstanding and Authorized Remaining School Borrowing Capacity 60,783,623 17,485,000 43,298,623 $ 2,026,120,775 70,914,227 21,950,902 21,950,902 48,963,325

Gross and Statutory Net Debt as of December 31, 2012 . Gross Debt Amount Deductions Statutory Net Debt Amount Net Debt Percentage Statement of Indebtedness as of December 31, 2012 General Purposes Debt Bonds Notes Loans Bonds and Notes Authorized But Not Issued Local School Purposes Bonds Issued and Outstanding

40,497,107 18,546,205 21,950,902 1.08%

10,683,000 4,025,000 7,255,124 1,048,983 $ 23,012,107 17,485,000

TOTAL GROSS DEBT Statutory Deductions Municipal Purposes School Purposes

40,497,107

1,061,205 17,485,000 18,546,205

TOTAL NET DEBT Overlapping Debt County of Bergen (Note 1) BCUA (Note 2) TOTAL OVERLAPPING DEBT

$ 21,950,902

8,682,971 6,269,324 $ 14,952,295

Note (1) Overlapping debt was computed based upon the real property ratio of equalized valuations of the municipality to all municipalities within the County as provided in the 2012 Bergen County Abstract of Ratables Published by the Bergen County Board of Taxation Note (2) Overlapping debt was computed based upon the Borough's proportion of usage