NOTE THAT A TRIAL BALANCE IS REQUIRED AND NOT A BALANCE SHEET

POST CLOSING TRIAL BALANCE - CURRENT FUND
AS OF JUNE 30, 2006

SFY06

Cash Liabiities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled

Title of Account ASSETS Cash and Cash Equivalents Due from MCIA Due from State of NJ Due from State of NJ - Senior & Vet Deduction Municipal Taxes Not Billed - Receivable Delinquent Real Estate Taxes Receivable Tax Title Liens Receivable Property Acquired for Taxes Sewer Service Charges Receivable Interfund Receivable - Capital Fund Interfund Payable - Other Trust Interfund Receivable - Tax Collector's Trust Deferred Charge-Special Emergency 5 Years LIABILITIES Appropriation Reserves Reserve for Encumbrances Accounts Payable (Reserve for ELSA payment) Due to State of NJ - Marriage License Prepaid Liquor Licenses - Clerk Trust Prepaid Taxes Prepaid Sewer Interfund Payable - State & Federal Grant Fund Interfund - Animal Control Trust Special Emergency Notes Payable Tax Anticipation Notes Payable Tax Overpayments Sewer Overpayments Reserve for FEMA Expenditures (Due PRFC) Reserve for Special Emergency (5 years) Subtotal Cash Liabilities Reserve for Receivables FUND BALANCE Fund Balance

Debit

Credit

10,147,701.98 138,591.80 2,210,000.00 494,755.77 4,908.05 140,894.50 287,886.50 965,600.00 45,704.29 166,874.03 75.75 0.01 161,000.00

119,765.65 665,487.14 375,000.00 1,775.00 2,500.00 124,195.14 238,230.68 3,958.51 75.00 161,000.00 8,058,000.00 3,564.52 250.72 5,958.35 161,000.00 9,920,760.71 1,611,943.13

3,231,288.84

Total

14,763,992.68

14,763,992.68

(Do Not Crowd - add additional sheets)

Sheet 3

NOTE THAT A TRIAL BALANCE IS REQUIRED ANDNOT A BALANCE SHEET

POST CLOSING TRIAL BALANCE - CURRENT FUND AND STATE AND FEDERAL GRANTS
AS OF JUNE 30, 2006

SFY06

Cash Liabiities Must Be Subtotaled and Subtotal Must Be Marked With "C" -- Taxes Receivable Must Be Subtotaled

Title of Account Cash & Investments Taxes Receivable Tax Title Liens Forclosed Property Other Receivables State and Federal Grants Receivable Emergencies and Deferred Charges Total Assets 85001 85002 85003 85004 85007 85006 85005 85008

Debit 10,879,807.88 140,894.50 287,886.50 965,600.00 3,064,868.21 1,109,929.75 161,000.00 16,609,986.84

Credit

Cash Liabilities Reserve for Receivables Unappropriated Reserve for State and Federal Grants Fund Balance Total Liabilities, Reserves and Fund Balance

85009 85010 85011 85012

11,766,754.87 1,611,943.13 3,231,288.84 16,609,986.84

TOTALS (Do Not Crowd - add additional sheets)

16,609,986.84

16,609,986.84

Sheet 3a

POST CLOSING SFY06 TRIAL BALANCE - PUBLIC ASSISTANCE FUND Accounts #1 & #2*
AS OF JUNE 30, 2006 Title of Account Cash in Bank Reserve for Public Assistance Debit 1,534.45 1,534.45 Credit

1,534.45

1,534.45

(Do Not Crowd - add additional sheets)

*To be prepared in compliance with Department of Human Services Municipal Audit Guide, Public Welfare, General Assistance Program.

Sheet 4

POST CLOSING SFY06 TRIAL BALANCE - FEDERAL AND STATE FUNDS
AS OF JUNE 30, 2006 Title of Account Cash Grants Receivable Interfunds Receivable - Current Fund Reserve for Interest Liability Reserve for Grant Encumbrances Reserve for State and Federal Grants Debit 732,105.90 1,109,929.75 3,958.51 18,734.52 118,791.34 1,708,468.30 Credit

1,845,994.16

1,845,994.16

(Do Not Crowd - add additional sheets)

Sheet 5

POST CLOSING TRIAL BALANCE - TRUST FUNDS
(Assessment Section Must Be Separately Stated) (INCLUDE PAYROLL FUND) AS OF JUNE 30, 2006

SFY06

Title of Account Dedicated Construction Trust (Fund 71) Cash in Bank Reserve for Encumbrances Reserve for Uniform Construction Code Reserve for Zoning Reserve for Planning

Debit

Credit

563,557.17 39,699.45 499,829.96 23,681.61 346.15 563,557.17 563,557.17

Self Insurance Trust (Fund 72) Cash Escrow with PMA Insurance Cash - Inservco Account Reserve for Encumbrances Due to Current Fund Reserve for: Worker's Compensation Self Insurance 293,627.64 Animal Control Trust (Fund 74) Cash in Bank Due From Current Fund Reserve for Encumbrances Due to State of NJ Reserve for Dog License Expenditures 10,524.48 Collector's Trust (Fund 75) Cash Due to Current Fund Reserve for Tax Collector's Trust Deposits 270,412.97 Payroll (Fund 76) Cash Eastern Dental Police & Fire Retirement System (PFRS) Payable PERS - Supplemental Annuity Payable PERS - Contiributory Insurance Payable Public Employees Retirement System (PERS) Payable Delaware United Way Payable Net Payroll 266,288.92 (Do Not Crowd - add additional sheets) 261,782.02 4,506.90 178,648.04 494.08 4,069.37 81,743.91 45.00 1,288.52 266,288.92 270,412.97 0.01 270,412.96 270,412.97 10,449.48 75.00 870.80 2,927.10 6,726.58 10,524.48 169,161.38 102,000.00 22,466.26 23,567.78 0.00 8,524.16 261,535.70 293,627.64

Sheet 6 (1 of 3)

POST CLOSING SFY06 TRIAL BALANCE - TRUST FUNDS (Continued 2 of 3)
(Assessment Section Must Be Separately Stated) (INCLUDE PAYROLL FUND) AS OF JUNE 30, 2006

Title of Account Other Trust (Fund 73) Cash Due from Police Off Duty Employment Due to Other Trust Escrow Accts from Operating Trust Acct Reserve for Encumbrances Due to Current Fund Reserve for: Ewing Community Center Homeland Security Donations Animal Shelter Donations Community Fest Asset Forfeiture Route 31 Project Environmental Commission Parking Adjudication Municipal Alliance Patriotic Committee Affordable Housing Development Fees Scoreboard Donation Talent Show Fund

Debit

Credit

576,292.62 1,000.00 9,366.78 19,243.57 75.75

26,644.74 39.40 3,504.32 28,584.00 9,478.78 14,450.84 200.00 2,963.11 680.16 846.48 456,775.58 40.00 4,399.11 577,292.62 577,292.62

Recreation Trust (Fund 78) Cash Reserve for Encumbrances Reserve for Recreation Commission 25,015.60 Escrow Review Fees (Fund 81) Cash Reserve for Developers Review Fees 103,949.60 103,949.60 103,949.60 103,949.60 25,015.60 16,618.73 8,396.87 25,015.60

(Do Not Crowd - add additional sheets)

Sheet 6 (2 of 3)

POST CLOSING SFY06 TRIAL BALANCE - TRUST FUNDS (Continued 3 of 3)
(Assessment Section Must Be Separately Stated) (INCLUDE PAYROLL FUND) AS OF JUNE 30, 2006

Title of Account Performance Inspection Escrow (Fund 82) Cash Due To Current Fund Due to Capital Fund Reserve for Performance/ Inspection

Debit

Credit

1,413,176.31 0.00 5,000.00 1,408,176.31 1,413,176.31 1,413,176.31

Police Off Duty Employment Trust (Fund 85) Cash Due to Current Fund Due to Other Trust Reserve for Police Off Duty Employment 14,663.28 14,663.28 693.28 1,000.00 12,970.00 14,663.28

(Do Not Crowd - add additional sheets)

Sheet 6 (3 of 3)

SFY 2006

Schedule of Trust Fund Reserves

Amount Purpose Fund June 30, 2005 per Audit Report Planning Trust Zoning Trust Uniform Construction Code Self Insurance Trust - Worker's Comp Self Insurance Trust - Self Insurance Affordable Housing Development Fees Animal Shelter Donations Asset Forefeiture Trust Route 31 Project Community Fest Ewing Community Center Trust Municipal Alliance Homeland Security K-9 Donations Environmental Commission National Night Out Program Parking Adjudication Patriotic Committee Scoreboard Donation Talent Show Program Animal Control Trust Tax Collector's Trust Recreation Developer's Escrow Review Developer's Escrow Performance and Inspection Public Assistance Trust Police Off Duty Employment Total to Sheet 17 71 71 71 72 72 73 73 73 73 73 73 73 73 73 73 73 73 73 73 74 75 78 81 82 83 85 16,107.69 680,624.04 1,982.20 132,621.22 427,927.80 1,792.62 8,712.40 6,325.00 10,838.14 2,206.08 500.39 370.29 2,655.11 40.00 1,237.89 8,120.38 1,040,638.42 7,960.80 92,025.31 1,632,578.24 1,534.45 5,811.00 4,082,609.47

Receipts

Disbursements

Balance at June 30, 2006

37,261.00 133,230.00 640,954.71 1,094,505.98 238,954.91 28,847.78 1,711.82 10,176.19 14,450.84 64,184.00 169,580.19 750.00 5,960.99 200.00 1,981.66 1,298.00 846.48 7,324.90 14,776.15 1,941,163.77 96,589.02 187,115.15 463,178.40 363,750.34 5,518,792.28

29,687.08 132,883.85 821,748.79 1,087,961.85 110,040.43 0.12 9,409.81 42,900.00 153,773.59 2,275.92 6,421.98 2,351.95 990.00 4,188.68 16,169.95 2,711,389.23 96,152.95 175,190.86 682,580.33 356,591.34 6,442,708.71

23,681.61 346.15 499,829.96 8,526.33 261,535.70 456,775.58 3,504.32 9,478.78 14,450.84 27,609.00 26,644.74 680.16 39.40 200.00 2,963.11 846.48 40.00 4,374.11 6,726.58 270,412.96 8,396.87 103,949.60 1,413,176.31 1,534.45 12,970.00 3,158,693.04

(Do not crowd - add additional sheets)

Sheet 6b

ANALYSIS OF TRUST ASSESSMENT CASH AND INVESTMENTS PLEDGED TO LIABILITIES AND SURPLUS
Title of Liability to which Cash and Investments are Pledged Assessment Serial Bond Issues: Audit Balance 06/30/05 xxxxxxxxxx RECEIPTS Assessments and Liens xxxxxxxxxx Current Budget xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Adjustments Additions Disbursements

SFY06

Balance 06/30/06 xxxxxxxxxx

Sheet 7

Assessment Bond Anticipation Note Issues:

xxxxxxxxxx -

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx

xxxxxxxxxx -

Other Liabilities Reserve for Assessments and Liens Trust Surplus *Less Assets "Unfinanced" Due to Current Fund *Show as red figure xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

xxxxxxxxxx -

POST CLOSING TRIAL BALANCE - GENERAL CAPITAL FUND
AS OF JUNE 30, 2006

SFY06

Title of Account Cash in Bank Due from Grant Fund Due From Performance and Inspection Escrow Trust Grant Receiveable From Infrastructure Trust Deferred Charges to Future Taxes: Funded Unfunded Unfunded Overexpended Approp Due to Current Fund Bond Anticipation Notes Green Acres Loan Payable NJ Infrastructure Loan Payable Serial Bonds Reserve for Encumbrances Reserve for Debt Service Capital Improvement Fund Improvement Authorizations - Funded Improvement Authorizations - Unfunded Fund Balance

Debit 1,957,933.20 0.00 5,000.00 337,232.00 27,031,424.62 0.00 0.00

Credit

166,874.03 0.00 753,256.24 3,219,168.38 23,059,000.00 160,392.88 23,255.54 25,000.00 1,815,603.72 0.00 109,039.03

29,331,589.82 (Do not crowd - add additional sheets)

29,331,589.82

Sheet 8

CASH RECONCILIATION JUNE 30, 2006 (cont'd.)
LIST BANKS AND AMOUNTS SUPPORTING "CASH ON DEPOSIT"
Current Commerce Clerk Commerce State and Federal Grants Wachovia Wachovia (Escrow Acct) General Capital Commerce Dedicated Construction Trust Commerce Self Insurance Trust Yardville National Bank Worker's Compensation - Inservco Trustee Wachovia Other Trust Affordable Housing Trust Other Trust Operating Subaccount National Night Out Subaccount Scoreboard Donation Subaccount Talent Show Subaccount Homeland Security (K9 Donations) Animal Shelter Donations Subaccount Community Fest Subaccount Patriotic Committee Subaccount Environmental Commission Subaccount Municipal Alliance Subaccount Asset Forefeiture Subaccount Other Trust Interest Subaccount Animal Control Commerce Tax Collector's Trust Wachovia Commerce (Premiums Escrow Acct) Commerce (Redemptions Escrow Acct) Payroll Commerce Recreation Commission Yardville National Bank Escrow Review Fees Bank of America Performance and Inspection Trust Bank of America Public Assistance Trust - I Commerce Police Off Duty Employment Commerce A/C # 7760104375 A/C # 7857152974 A/C # 0999082922 A/C # 0999082930 A/C # 4945630 A/C # 7857153121 A/C # 2002004856625 A/C # 7857152958 A/C # 7857152966 A/C # 5424122 Yardville National Bank Commerce Escrow Commerce Escrow Commerce Escrow Commerce Escrow Commerce Escrow Commerce Escrow Commerce Escrow Commerce Escrow Commerce Escrow Commerce Escrow Commerce Escrow Commerce Escrow A/C # 4945622 A/C # 7760080052 A/C # 7760080056 A/C # 7760080057 A/C # 7760080058 A/C # 7760080059 A/C # 7760080060 A/C # 7760080061 A/C # 7760080062 A/C # 7760080063 A/C # 7760080064 A/C # 7760080055 A/C # 7760080053 A/C # 2100012149763 A/C # 4945648 A/C # 7861728744 A/C # 7861728736 A/C # 2014090897709 A/C # 2000002197414 A/C # 5426106 A/C # 5424130

SFY06

10,010,403.71 9,439.29 10,019,843.00 237.12 735,938.53 736,175.65 1,961,713.20

563,557.17

169,161.38 22,466.26 191,627.64 456,756.78 69,051.73 40.00 4,330.11 3,504.32 27,284.00 846.48 200.00 1,878.58 3,056.97 848.07 567,797.04 10,143.58

128,185.55 116,900.17 18,665.41 263,751.13 274,956.81

26,613.53 26,613.53 148,995.41

1,439,327.51

1,534.45

14,663.28

Note: Sections N.J.S. 40A:4-62 and 40A:4-63 of the Local Budget Law require that separate bank accounts be maintained for each allocated fund.

Sheet 9 a

MUNICIPALITIES AND COUNTIES FEDERAL AND STATE GRANTS RECEIVABLE Additions 2006 Budget Appropriation Match By 40A:4-87 Interfund Receipts Owed

SFY06

Grant

Balance JUNE 30, 2005 175,500.00 4,955.61 2,314.27 78,642.82 2,500.00 88,637.74 22,352.75 3,000.00 81,210.00 2,000.00 90,000.00 25,570.00 20,619.00 200,000.00 3,813.61 60,000.00 40,000.00 400,000.00 322,315.00 70,000.00 6,294.00 1,699,724.80

2006 Budget Revenue Realized

Total Additions 7,137.12 228,433.00 41,994.82 3,850.88 5,464.62 95,000.00 2,876.84 34,080.00 69,725.00 7,545.00 1,000.00 1,200.00 20,090.00 20,520.22 44,064.00 3,420.00 210,000.00 978.12 797,379.62

Deletions & Cancelations

Receipts

Balance JUNE 30, 2006 0.00 175,500.00 0.00 112,025.42 0.00 0.00 (0.00) 0.00 0.00 2,500.00 88,637.74 22,352.75 0.00 3,000.00 7,341.18 0.00 2,000.00 0.00 0.00 14,078.66 7,865.00 0.00 5,155.00 0.00 110,900.00 0.00 0.00 0.00 0.00 0.00 0.00 400,000.00 122,280.00 30,000.00 0.00 0.00 0.00 0.00 6,294.00 1,109,929.75

Animal Shelter Grant Balanced Housing UJIMA Body Armor Replacement Fund (State) CDBG - Year 1 Clean Communities Grant Click it or ticket Cops in Shops DEP Livable Communities Grant Domestic Preparedness NJDLPS Homeland Security Domestic Violence DOT Liveable Communities DOT Safe Streets to Schools Drunk Driving Enforcement Fund DVRPC Natural Resouce Inventory & Conservation Element Grant Emergency Mgt Canine Initiative Grant Enhanced 911 Grant Hazardous Waste Discharge Justice Assistance Grant Local Law Enforcement Block Grant Mercer County Neighborhood Revitalization Municipal Alliance Grant NJ Manufacturers EMS Grant NJ Storm Water Regulation Grant NJ Transit Train Station Grant NJ Transportation Trust OEM CERT Grant Public Health Priority Funding Recreation for People with Disabilities Recycling Tonage Grant Safe and Secure Safe Schools and Communities Program Small Cities Senior Center Small Cities Ujima Smart Future Planning Grant (Master Plan) Sprint OEM Grant Tobacco Age of Sale Enforcement Treasury Grant Fire Truck U Drink U Drive U Lose Vest Partnership Program Totals

7,137.12 121,363.19 41,994.82 3,850.88 7,778.89 95,000.00 -

7,137.12 228,433.00 8,261.44 3,850.88 95,000.00 -

33,733.38 5,464.62 -

78,642.82

-

2,876.84

-

-

2,876.84 73,868.82 34,080.00 69,725.00 7,545.00 75,921.34 17,705.00 1,000.00 15,464.00 89,100.00 1,200.00 20,090.00 3,813.61 20,520.22 60,000.00 20,000.00 200,035.00 40,000.00 30,108.96 3,420.00 210,000.00 978.12 1,274,576.81

-

Sheet 10

34,080.00 69,725.00 7,545.00 1,000.00 9,999.00 20,520.22 44,064.00 3,420.00 210,000.00 978.12 669,620.62 1,200.00 10,091.00 -

-

-

-

20,000.00

-

13,955.04 -

-

120,214.00

7,545.00

92,597.86

20,000.00

SCHEDULE OF APPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Additions Grant Balance JUNE 30, 2005 2,405.72 14,324.95 175,500.00 9,921.58 (600.00) 60,462.43 4,807.32 2,314.27 8,237.90 77,660.44 2,961.48 122,544.00 (3,358.51) 29,984.13 3,000.00 1,124.75 5,402.42 68,441.10 7,884.75 53,662.01 50,000.00 119.76 8,838.00 51,187.31 102.07 20,619.00 135,008.65 26,209.12 41,135.00 222,316.17 500,000.00 25,350.00 668.48 1,859.00 3,182.93 1,733,276.23 Prior Year Adjustments 2006 Budget 2006 Unappropriate Revenue Appropriation d Reserves Realized By 40A:4-87 Appropriated 7,137.12 229,033.00 33,733.38 8,261.44 3,850.88 5,464.62 95,000.00 3,358.51 2,876.84 34,080.00 69,725.00 1,000.00 1,200.00 10,091.00 9,999.00 20,520.22 100,000.00 (100,000.00) 44,064.00 3,420.00 210,000.00 978.12 397,834.69 120,214.00 275,744.44 Budget Match 7,545.00 7,545.00 Total Additions 7,137.12 229,033.00 41,994.82 3,850.88 5,464.62 95,000.00 3,358.51 2,876.84 34,080.00 69,725.00 7,545.00 1,000.00 1,200.00 20,090.00 20,520.22 44,064.00 3,420.00 210,000.00 978.12 801,338.13 Deletions & Expended/ Cancelations Encumbered (300.00) (180.00) 14,713.64 (3,714.89) (1,938.76) (2,707.50) (600.00) (20,300.13) (5,240.66) (12,971.35) 757.76 668.48 13,955.04 (17,858.37) 14,324.95 4,659.80 44,600.58 5,813.32 8,658.20 7,778.89 21,161.30 62,946.80 1,090.25 41,920.22 12,302.95 1,106.24 6,605.26 34,080.00 62,167.00 31,315.69 119,595.00 14,760.41 20,520.22 41,135.00 270,783.88 11,500.00 3,594.40 468.95 978.12 137.00 844,004.43

SFY06

Reserve 06/30/2006 2,405.72 175,500.00 12,398.90 184,132.42 96,823.93 82,076.60 1,871.23 80,623.78 3,714.89 20,558.02 3,000.00 18.51 735.92 71,148.60 8,484.75 53,662.01 8,133.13 69,725.00 119.76 7,545.00 14,078.66 19,871.62 1,102.07 20,619.00 28,385.00 1,200.00 31,538.71 50,774.53 400,000.00 13,850.00 (0.00) 26,514.56 4,810.05 210,000.00 3,045.93 1,708,468.30

All Hazards Planning Grant (SLAEHOP) Animal Shelter Grant Balanced Housing UJIMA Body Armor Replacement Fund (State) CDBG - Year 1 Clean Communities Grant Click it or Ticket Cops in Shops DEP Liveable Communities Domestic Preparedness NJDLPS Homeland Security Domestic Violence DOT Liveable Communities DOT Safe Streets to Schools Drunk Driving Enforcement Fund DVRPC Natural Resouce Inventory & Conservation Element Grant Emergency Management Assistance Emergency Mgt Canine Initiative Grant Enhanced 911 Grant FEMA Hazard Mitigation GM Site Survey Hazardous Waste Discharge Hollowbrook Community Center Grant Justice Assistance Grant Legislative Grant for Hollowbrook Ctr Local Law Enforcement Block Grant Mercer County Neighborhood Revitalization Municipal Alliance Grant NJ Manufacturers EMS Grant NJ Storm Water Regulation Grant NJ Transportation Trust OEM CERT Trailer Grant Public Health Priority Funding Recycling Tonnage Grant Safe Schools and Communities Program Small Cities Senior Center Small Cities Ujima Smart Future Planning Grant (Master Plan) Sorce Gift (1445 lower Ferry Road LLC Gift) Sprint OEM Grant Tobacco Age of Sale Enforcement Treasury Grant Fire Truck U Drink U Drive U Lose Vest Partnership Program Totals

Sheet 11

SCHEDULE OF UNAPPROPRIATED RESERVES FOR FEDERAL AND STATE GRANTS Transferred to 2006 Grant Balance June 30, 2005 Budget Appropriations Budget Appropriation By 40A:4-87 Clean Communities Grant NJ Transit Train Station Grant Public Health Priority Funding Sprint OEM Grant TCNJ Fire Truck Contribution Grant Tobacco Age of Sale Enforcement Justice Assistance Grant OEM CERT Trailer Grant Cops in Shops Sheet 12 8,261.44 160,000.00 448.00 44,064.00 50,000.00 2,220.00 (8,261.44) (160,000.00) (9,999.00) (44,064.00) (50,000.00) (3,420.00) (69,725.00) (1,200.00) (5,464.62) (33,733.38) 0.00 (10,091.00) 33,733.38 0.00 19,642.00 0.00 0.00 1,200.00 69,725.00 1,200.00 5,464.62 Received Interfund Receipts Owed

SFY06

Balance June 30, 2006

-

TOTALS

264,993.44

(275,744.44)

(120,214.00)

0.00

130,965.00

-

-

-

SFY06

*LOCAL DISTRICT SCHOOL TAX

Debit Balance JULY 1, 2005 School Tax Payable# School Tax Deferred
(Not in excess of 50% of Levy - 2004-2005)

Credit xxxxxxxxxx 3,500,000.00

xxxxxxxxxx 85001-00 xxxxxxxxxx 85002-00 xxxxxxxxxx xxxxxxxxxx 46,712,150.00 xxxxxxxxxx 85003-00 85004-00 46,712,150.00 -

43,212,150.00 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 46,712,150.00

Levy School Year JULY 1, 2005 - JUNE 30, 2006 Levy Calendar Year Paid Balance JUNE 30, 2006 School Tax Payable # School Tax Deferred
(Not in excess of 50% of Levy - 2005-2006)
* Not including Type 1 school debt service, emergency authorizations-schools, transfer to Board of Education for use of local schools. # Must include unpaid requisitions

MUNICIPAL OPEN SPACE TAX

N/A

Debit Balance JULY 1, 2005 2006 Levy Interest Earned Expenditures Balance JUNE 30, 2006 85046-00 85045-00 81105-00 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx -

Credit xxxxxxxxxx xxxxxxxxxx -

Sheet 13

SFY06

* REGIONAL SCHOOL TAX
Debit Balance JULY 1, 2005 School Tax Payable # School Tax Deferred
(Not in excess of 50% of Levy - 2004-2005)

N/A Credit xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx -

(Provide a separate statement for each Regional District involved)

xxxxxxxxxx 85031-00 85032-00 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 85033-00 85034-00 -

Levy School Year JULY 1, 2005- JUNE 30, 2006 Levy Calendar Year Paid Balance JUNE 30, 2006 School Tax Payable # School Tax Deferred
(Not in excess of 50% of Levy - 2005-2006)
#Must include unpaid requisitions

REGIONAL HIGH SCHOOL TAX

N/A

Debit Balance July 1, 2004 School Tax Payable # School Tax Deferred
(Not in excess of 50% of Levy - 2004-2005)

Credit xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx -

xxxxxxxxxx 85021-00 85022-00 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 85023-00 85024-00 -

Levy School Year JULY 1, 2005- JUNE 30, 2006 Levy Calendar Year Paid Balance JUNE 30, 2006 School Tax Payable # School Tax Deferred
(Not in excess of 50% of Levy - 2005-2006)
# Must include unpaid requisitions

Sheet 14

SFY06

COUNTY TAXES PAYABLE

Debit Balance JULY 1, 2005 County Taxes 80003-01 Due County for Added and Omitted Taxes 80003-02 Levy Underbilling of Nonmunicipal Taxes raised General County County Library County Health County Open Space Preservation Paid Balance JUNE 30, 2006 County Taxes Payable (Prepaid) Due County for Added and Omitted Taxes 80002-00 Due County for Added and Omitted Taxes 80003-05 80003-03 80003-04 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 16,673,707.26 xxxxxxxxxx 16,673,707.26 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

Credit xxxxxxxxxx xxxxxxxxxx 14,431,636.52 1,209,456.21 941,969.30 90,645.23 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 16,673,707.26

SPECIAL DISTRICT TAXES

N/A

Debit Balance JULY 1, 2005 Fire Sewer Water Garbage 81108-00 81111-00 81112-00 81109-00 80003-06 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx Total Levy Paid Balance JUNE 30, 2006 80003-07 80003-08 80003-09 xxxxxxxxxx Footnote: Please state the number of districts in each instance.

Credit xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx -

Levy: (List Each Type of District Tax Separately - see Footnote)

Sheet 15

SFY06

STATE LIBRARY AID

N/A

RESERVE FOR MAINTENANCE OF FREE PUBLIC LIBRARY WITH STATE AID

Debit Balance JULY 1, 2005 State Library Aid Received Expended Balance JUNE 30, 2006 80004-01 80004-02 80004-09 80004-10 xxxxxxxxxx xxxxxxxxxx -

Credit xxxxxxxxxx -

RESERVE FOR EXPENSE OF PARTICIPATION IN FREE COUNTY LIBRARY WITH STATE AID

Debit Balance JULY 1, 2005 State Library Aid Received Expended Balance JUNE 30, 2006 80004-03 80004-04 80004-11 80004-12 xxxxxxxxxx xxxxxxxxxx -

Credit xxxxxxxxxx -

RESERVE FOR AID TO LIBRARY OR READING ROOM WITH STATE AID(N.J.S.A. 40:54-35)

Debit Balance July 1, 2004 State Library Aid Received Expended Balance JUNE 30, 2006 80004-05 80004-06 80004-13 80004-14 xxxxxxxxxx xxxxxxxxxx RESERVE FOR LIBRARY SERVICES WITH FEDERAL AID

Credit xxxxxxxxxx -

Debit Balance July 1, 2004 State Library Aid Received Expended Balance JUNE 30, 2006 80004-07 80004-08 80004-15 80004-16 xxxxxxxxxx xxxxxxxxxx -

Credit xxxxxxxxxx -

Sheet 16

SFY 2006 STATEMENT OF GENERAL BUDGET REVENUES SFY 2006
Source

Budget -01

Realized -02

Excess or Deficit* -03

Surplus Anticipated Surplus Anticipated with Prior Written Consent of Director of Local Government Miscellaneous Revenue Anticipated: Adopted Budget Added by N.J.S. 40A:4-87: (List on 17a) Chapter 159 Total Miscellaneous Revenue Anticipated Receipts from Delinquent Taxes Amount to be Raised by Taxation:
(a) Local Tax for Municipal Purposes (b) Addition to Local District School Tax Total Amount to be Raised by Taxation

8010180102-

513,625.00 xxxxxxxxxxxxx 29,810,044.08 xxxxxxxxxxxxx 120,214.00

513,625.00 xxxxxxxxxxxxx 30,129,953.81 xxxxxxxxxxxxx 120,214.00 30,250,167.81 195,270.80 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx 12,924,708.19 43,883,771.80

xxxxxxxxxxxxx 319,909.73 xxxxxxxxxxxxx 319,909.73 125,270.80 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx 389,952.53 835,133.06

80103-

29,930,258.08 70,000.00 xxxxxxxxxxxxx

801058010680107-

12,534,755.66 12,534,755.66 43,048,638.74

ALLOCATION OF CURRENT TAX COLLECTIONS
Debit 80108-00 80109-00 80119-00 80110-00 80111-00 80112-00 80113-00 80114-00 xxxxxxxxxxxxx xxxxxxxxxxxxx 43,212,150.00 16,583,062.03 90,645.23 xxxxxxxxxxxxx 549,465.56 80115-00 Balance for Support of Municipal Budget (or) *Deficit Non-Budget Revenue (see footnote)
*These items are applicable only when there is no "Amount to be Raised by Taxation" in the "Budget" column of the statement at the top of this sheet. In such instances, any excess or deficit in the above allocation would apply to "Non-Budget Revenue" only.

Credit 73,076,787.77 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx 283,243.24

Current Taxes Realized in Cash (Total of Item 10 or 14 on Sheet 22)

Amount to be Raised by Taxation Local District School Tax Vocational School District Regional School Tax Regional High School Tax County Taxes Due County for Added and Omitted Taxes Special District Taxes Reserve for Uncollected Taxes Adjustments

12,924,708.19 xxxxxxxxxxxxx 73,360,031.01 73,360,031.01 xxxxxxxxxxxxx

80117-00 80118-00

Sheet 17

SFY 2006

STATEMENT OF GENERAL BUDGET REVENUES 2006
(Continued) Miscellaneous Revenues Anticipated: Added By N.J.S. 40A:4-87 Source Clean Communities Grant Cops in Shops Justice Assistance Grant OEM CERT Grant Public Health Priority Funding Budget 33,733.38 5,464.62 69,725.00 1,200.00 10,091.00 Realized 33,733.38 5,464.62 69,725.00 1,200.00 10,091.00 Excess or Deficit -

Total to Sheet 17

120,214.00 (Do not crowd - add additional sheets)

120,214.00

-

Sheet 17 a

SFY 2006 STATEMENT OF GENERAL BUDGET APPROPRIATIONS 2005 42,928,424.74 120,214.00 43,048,638.74 43,048,638.74

SFY 2006 Budget as Adopted SFY 2006 Budget-Added by N.J.S. 40A:4-87 Appropriated for SFY 2006 (Budget Statement Item 9) Appropriated for SFY 2006 by Emergency Appropriation (Budget Statement Item 9) Total General Appropriations (Budget Statement Item 9) Add: Overexpenditures (see footnote) Total Appropriations and Overexpenditures Deduct Expenditures: Paid or Charged [Budget Statement Item (L)] Paid or Charged - Reserve for Uncollected Taxes Reserved Total Expenditures Unexpended Balances Canceled (see footnote) FOOTNOTES - RE: OVEREXPENDITURES: 80012-08 80012-09 80012-10

80012-01 80012-02 80012-03 80012-04 80012-05 80012-06

80012-07 43,048,638.74 42,645,629.85 283,243.24 119,765.65
80012-11 80012-12

43,048,638.74 -

Every appropriation overexpended in the budget document must be marked with an * and must agree in the aggregate with this item. RE: UNEXPENDED BALANCES CANCELED: Are not to be shown as "Paid or Charged" in the budget document. In all instances "Total Appropriations" and "Overexpenditures" must equal the sum of "Total Expenditures" and "Unexpected Balances Canceled"

SCHEDULE OF EMERGENCY APPROPRIATIONS FOR LOCAL DISTRICT SCHOOL PURPOSES
(EXCEPT FOR TYPE I SCHOOL DEBT SERVICE)

N/A

SFY 2006 Authorizations N.J.S. 40A:4-46 (After adoption of Budget) N.J.S. 40A:4-20 (Prior to adoption of Budget) Total Authorizations Deduct Expenditures: Paid or Charged Reserved Total Expenditures

Sheet 18

RESULTS OF SFY 2006 OPERATIONS
CURRENT FUND Debit Excess of anticipated Revenues: Miscellaneous Revenues anticipated Delinquent Tax Collections Uniform Fire Safety Rebate Required Collection of Current Taxes Unexpended Balances of SFY 2006 Budget Approp Miscellaneous Revenue Not Anticipated Miscellaneous Revenue Not Anticipated: Proceeds of Sale of Foreclosed Property (sheet 27) Payments in Lieu of Taxes on Real Property Close Debt Service Appropriations Unexpended TAN Proceeds Unexpended Balances of SFY 2005 Approp. Res Prior Years Intefunds Returned in SFY 2006 Prior Year Adjustments Deferred School Tax Revenue: (see School Taxes, Sheets 13 & 14) Balance JULY 1, 2005 Balance JUNE 30, 2006 Deficit in Anticipated Revenues: Miscellaneous Revenues Anticipated Garden State Trust Other Revenues Anticipated Delinquent Tax Collections Required Collection of Current Taxes Interfund Advances Originating in SFY 2006 Lawsuit Settlements Closed to Operations Tax Appeals Closed to Operations Deficit Balance - To Trial Balance (sheet 3) Surplus Balance - To Surplus (Sheet 21) 80013-13 80013-14 80013-10 80013-11 80013-12 80013-09 80013-07 80013-08 80013-05 80013-06 80013-03 80013-04 8111381114811148112080013-01 80013-02 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx 20,000.00 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx 86.46 174,682.12 261,067.31 5,000.00 xxxxxxxxxxxxx 1,407,753.09 1,868,588.98

SFY 2006

Credit xxxxxxxxxxxxx 494,678.31 125,270.80 389,952.53 68,860.05 14,490.91 514,269.07 261,067.31 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx 1,868,588.98

Sheet 19

SFY 2006 SCHEDULE OF MISCELLANEOUS REVENUES NOT ANTICIPATED
AMOUNT REALIZED

Clerk Tax Collector Stale Checks Cancelled by Resolution Recycling Room Rentals Other

10,819.00 16,820.05 15,328.05 8,069.19 1,640.00 16,183.76

Total Amount of Miscellaneous Revenues Not Anticipated (Sheet 19) (Do not crowd - add additional sheets)

68,860.05

Sheet 20

SURPLUS - CURRENT FUND SFY 2006
Debit 1. Balance JULY 1, 2005 2. 3. Excess Resulting from SFY 2006 Operations 4. Amount Appropriated in SFY 2006 Budget-Cash 5. Amount Appropriated in SFY 2006 Budget - with Prior Written Consent of Director of Local Government Services 6. Prior Year Adjustments 7. Balance JUNE 30, 2006 80014-05 3,231,288.84 3,744,913.84 ANALYSIS OF BALANCE JUNE 30, 2006 (FROM CURRENT FUND - TRIAL BALANCE) 80014-02 80014-03 80014-04 80014-01 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 513,625.00

SFY06

Credit 2,337,160.75 1,407,753.09 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 3,744,913.84

Cash

80014-06 80014-07

10,147,701.98 10,147,701.98

Sub-total Deduct Cash Liabilities Marked with "C" on Trial Balance Cash Surplus Deficit in Cash Surplus Other Assets Pledged to Surplus: * (1) Due from State of NJ Senior Citizens & Veterans Deduction Deferred Charges Due from State of NJ Due from Mercer County Improvement Authority Due from The College of New Jersey Cash Deficit # 80014-13 80014-16 80014-12 494,755.77 161,000.00 2,210,000.00 138,591.80 80014-08 80014-09 80014-10

9,920,760.71 226,941.27 -

Total Other Assets
*IN THE CASE OF A "DEFICIT IN CASH SURPLUS", "OTHER ASSETS WOULD ALSO BE PLEDGED TO CASH LIABILITIES. # MAY NOT BE ANTICIPATED AS NON-CASH SURPLUS IN SFY 2006 BUDGET. (1) MAY BE ALLOWED UNDER CERTAIN CONDITIONS.

80014-14 80014-15

3,004,347.57 3,231,288.84

NOTE: Deferred charges for authorizations under N.J.S. 40A:4-55 (Tax Map, etc.), N.J.S. 40A:4-55 (Flood Damage, etc.), N.J.S. 40A:4-55.1 (Roads and Bridges, etc.) and N.J.S. 40A:4-55.13 (Public Exigencies, etc.) to the extent of emergency notes issued and outstanding for such purposes, together with such emergency notes, may be omitted from this analysis.

Sheet 21

(FOR MUNICIPALITIES ONLY)

SFY06
82101-00 82113-00 82102-00 82103-00 82104-00 82106-00 17,437.79 375,130.32 72,363,629.38 72,363,629.38 47,670.42 (845,010.19) 71,971,061.27

CURRENT TAXES - 2006 LEVY
1. Amount of Levy as per Duplicate (Analysis) # or (Abstract of Ratables) 2. Amount of Levy Special District Taxes 3. Amount Levied for Omitted Taxes under N.J.S.A. 54:4-63.12 et seq. 4. Amount Levied for Added Taxes under N.J.S.A. 54:4-63.1 et. seq. 5a. Sub-total 2006 Levy 5b. Reductions due to tax appeals ** 5c. Total 2006 Tax Levy 6. Transferred to Tax Title Liens 7. Transferred to Foreclosed Property 8. Remitted, Abated or Canceled, Other Adjustments 9. Discount Allowed 10. Collected in Cash: In 2005 In 2006* REAP Revenue State's Share of 2006 Senior Citizens and Veterans Deductions Allowed Total To Line 14 11. Total Credits 12. Amount Outstanding JUNE 30, 2006 13. Percentage of Cash Collections to Total 2004 Levy, (Item 10 divided by Item 5) is 100.986% 82112-00 14. Calculation of Current Taxes Realized in Cash: Total of Line 10 Less: Reserve for Tax Appeals Pending State Division of Tax Appeals To Current Taxes Realized in Cash (Sheet 17) 73,076,787.77 73,076,787.77 83120-00 82121-00 82122-00 82123-00

82107-00 82108-00 82109-00 82110-00 77,793.43 72,504,238.57 494,755.77 82111-00

73,076,787.77 72,279,448.00 84,181.38

Note A: In showing the above percentage the following should be noted: Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50 the percentage represented by the cash collections would be '$1,049,977.50 divided by $1,500,000, or .699985. The correct be shown as Item 13 is 69.99% and not 70.00%, nor 69.999% # Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to include Senior Citizens and Veterans Deductions. * Include overpayments applied as part of 2002 collections and Bell Atlantic Replacement Revenue ** Tax appeal pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing body PRIOR to introduction of muncipal budget.

Sheet 22

SFY 2006

ACCELERATED TAX SALE / TAX LEVY SALE - CHAPTER 99
To Calculate Underlying Tax Collection Rate for 2005 Utilize this sheet only if you conducted an Accelerated Tax Sale or Tax Levy Sale pursuant to Chapter 99, P.L. 1997.

(1) Utilizing Accelerated Tax Sale Total of Line 10 Collected in Cash (sheet 22) Less: Proceeds from Accelerated Tax Sale NET Cash Collected Line 5c (sheet 22) Total 2005 Tax Levy Precentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is 100.46% $ $ $ $ 73,076,787.77 380,817.23 72,695,970.54 72,363,629.38

N/A (2) Utilizing Tax Levy Sale Total of Line 10 Collected in Cash (sheet 22) Less: Proceeds from Tax Levy Sale (excluding premium) NET Cash Collected Line 5c (sheet 22) Total 2005 Tax Levy Precentage of Collection Excluding Accelerated Tax Sale Proceeds (Net Cash Collected divided by Item 5c) is % $ $ $ $

Sheet 22 a

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

SFY06

Debit 1.Balance July 1, 2004 Due From State of New Jersey Due To State of New Jersey 2. Sr. Citizens Deductions Per Tax Billings 3. Veterans Deductions Per Tax Billings 4. Sr. Citizens Deductions Allowed By Tax Collector 5. Veterans Deductions Allowed By Tax Collector 6. 7. Sr. Citizens Deductions Disallowed By Tax Collector 8. Sr. Citizens Ded. Disallowed.By Tax Collector SFY 2006 9. Received in Cash from State 10. 11. 12. Balance JUNE 30, 2006 Due From State of New Jersey Due To State of New Jersey xxxxxxxxxx xxxxxxxxxx 1,016,375.00 xxxxxxxxxx 513,625.00 xxxxxxxxxx 110,250.00 389,000.00 2,000.00 1,500.00 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx

Credit xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 7,994.23 513,625.00 xxxxxxxxxx 494,755.77 xxxxxxxxxx 1,016,375.00

Calculation of Amount to be included on Sheet 22, Item 10'SFY 2006 Senior Citizens and Veterans Deductions Allowed

Line 2 Line 3 Line 4, 5, & 6 Sub-Total Less: Line 7 To Item 10, Sheet 22

110,250.00 389,000.00 3,500.00 502,750.00 7,994.23 494,755.77

Sheet 23

COMPUTATION OF APPROPRIATION: RESERVE FOR UNCOLLECTED TAXES AND AMOUNT TO BE RAISED BY TAXATION IN SFY 2006 MUNICIPAL BUDGET
SFY 2006
1. Total General Appropriations for SFY 2006 Municipal Budget Statement Item 8 (L) (Exclusive of Reserve for Uncollected Taxes) 2. Local District School Tax-School Budget Billing 7/1 - 12/31 Billing 1/1 - 6/30** 3. Vocational School Tax Billing 7/1 - 12/31 Billing 1/1 - 6/30* 4. Regional School District Tax Billing 7/1 - 12/31 Billing 1/1 - 6/30* 5. Regional High School Tax-School Budget Billing 7/1 - 12/31 Billing 1/1 - 6/30* 6. County Tax Billing 7/1 - 12/31 Billing 1/1 - 6/30* 7. Special District Taxes Billing 7/1 - 12/31 Billing 1/1 - 6/30* 8. Total General Appropriations & Other Taxes 9. Less: Total Anticipated Revenues from SFY 2006 in Municipal Budget (Item 5) 80018800198002080021800228002380024-01 800158001680017-

SFY06

SFY 2006

42,456,182.41 xxxxxxxxxxxxxxxx 23,856,072.00 22,856,078.00 xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

8,605,631.26 8,605,631.26 xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx

106,379,594.93 29,807,669.29 76,571,925.64 76,879,443.42

80024-02

10. Cash Required from SFY 2006 Taxes to Support Local Municipal Budget & Other Taxes 11. Amount of Item 10 Divided by 80024-03 99.60% [820024-04]

Equals Amount to be Raised by Taxation (Percentage used must not exceed the applicable percentage shown by Item 13, Sheet 22) Analysis of Item 11: Local District School Tax (Amount Shown on Line 2 Above) Vocational School Tax (Amount Shown on LIne 3 Above) Regional School District Tax (Amount Shown on Line 4 Above) Regional High School Tax (Amount Shown on Line 5 Above) County Tax (Amount Shown on Line 6 Above) Special District Tax (Amount Shown on Line 7 Above) ** Must be stated in the amount of the proposed budget submitted by the Local Board of Education to the Commissioner of Education on January 15, 2005 (Chap.136, P.L. 1978). Consideration must be given to calendar year calculation. 80024-05

46,712,150.00

* May not be stated in an amount less than "actual" Tax of year SFY 2006.

17,211,262.52

Tax in Local Municipal Budget Total Amount (see Line 11) 12. Appropriation: Reserve for Uncollected Taxes (Budget Statement, Item 8 (M) (Item 11, Less Item 10)
Computation of "Tax in Local Municipal Budget" Item 1 - Total General Appropriations

12,956,030.90 76,879,443.42 307,517.77 Note: The amount
80024-06 of anticipated

42,456,182.41 revenues (Item 9) 307,517.77 may never 42,763,700.18 exceed the total 29,807,669.29 of Items 1 & 12.
80024-07

Item 12 - Appropriation: Reserve for Uncollected Taxes Sub-Total Less: Item 9 - Total Anticipated Revenues Amount to be Raised by Taxation in Municipal Budget

12,956,030.90

Sheet 25

SCHEDULE OF DELINQUENT TAXES AND TAX TITLE LIENS

SFY 2006

DEBIT

CREDIT

1. Balance July 1, 2005 A. Taxes B. Tax Title Liens 2. Canceled: A. Taxes B. Tax Title Liens 3. Transferred to Foreclosed Tax Title Liens: A. Taxes B. Tax Title Liens 4. Added Taxes 5. Added Tax Title Liens A. Taxes - Transfers to Tax Title Liens B. Tax Title Liens - Transfers from Taxes 7. Balance Before Cash Payments 8. Totals 9. Balance Brought Down 10. Collected A. Delinquent Taxes B. Tax Title Liens 83116-00 83117-00 83108-00 83109-00 83110-00 83111-00 83104-00 83107-00 83105-00 83106-00 83102-00 83103-00

492,822.96 162,863.25 xxxxxxxxxx 329,959.71 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 317,484.75 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 810,307.71 489,502.77 xxxxxxxxxx 102,829.94 xxxxxxxxxx 89,743.63 xxxxxxxxxx 83118-00 83119-00 83123-00 83121-00 83122-00 47,670.42 84,181.38 xxxxxxxxxx 140,894.50 xxxxxxxxxx 287,886.50 xxxxxxxxxx 621,354.57
39.34% $ 83125-00 168,685.23 and represents the

xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 320,804.94 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 489,502.77 810,307.71 xxxxxxxxxx 192,573.57 xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx xxxxxxxxxx 428,781.00 xxxxxxxxxx xxxxxxxxxx 621,354.57

6. Adjustment between Taxes (Other than current year) & Tax Title Liens:

11. Interest and Costs - SFY 2006 Tax Sale 12.SFY 2006 Taxes Transferred to Liens 13.SFY 2006 Taxes 14 Balance JUNE 30, 2006 A. Taxes B. Tax Title Liens 15. Totals
16. Percentage of Cash Collections to Adjusted Amount Outstanding (Item No. 10 divided by Item No. 9) is 17. Item No. 14 multiplied by percentage shown above is maximum amount that my be anticipated in SFY 2006 . (See Note A on Sheet 22 - Current Taxes) (1) These amount will always be the same.

Sheet 26

SCHEDULE OF FORECLOSED PROPERTY
(PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION)
Debit

SFY 2006

Credit

1. Balance July 1, 2005 2. Foreclosed or Deeded in SFY 2006 3. 4. 5B. 6. 7. 8. Sales 9. 10. 11. 12. 13. Cash * Contract Mortgage Loss on Sales Gain on Sales Adjustment to Assessed Valuation Adjustment to Assessed Valuation Tax Title Liens Taxes Receivable

84101-00

965,600.00 xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx 965,600.00

xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx 965,600.00 965,600.00 N/A

84103-00 84104-00 84102-00 84105-00 84106-00 84107-00

5A. Balance Detail to Control

84109-00 84110-00 84111-00 84112-00 84113-00 84114-00

14. Balance June 30, 2006

CONTRACT SALES
Debit

Credit

15. Balance July 1, 2005 16. SFY 2006 Sales from Foreclosed Property 17. Collected * 18. 19. Balance JUNE 30, 2006

84115-00 84116-00 84117-00 84118-00 84119-00

xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx -

xxxxxxxxxxxxx xxxxxxxxxxxxx N/A

MORTGAGE SALES
Debit

Credit

20. Balance July 1, 2005 21. SFY 2006 Sales from Foreclosed Property 22. Collected * 23. 24. Balance JUNE 30, 2006
Analysis of Sale of Property: *Total Cash Collected in SFY 2006 Realized in SFY 2006 Budget To Results of Operation (Sheet 19) $ (84125-00)

84120-00 84121-00 84122-00 84123-00 84124-00

xxxxxxxxxxxxx xxxxxxxxxxxxx xxxxxxxxxxxxx -

xxxxxxxxxxxxx xxxxxxxxxxxxx -

Sheet 27

DEFERRED CHARGES - MANDATORY CHARGES ONLY CURRENT, TRUST, AND GENERAL CAPITAL FUNDS (Do not include the emergency authorizations pursuant to N.J.S. 40A:4-55, N.J.S. 40A:4-55.1 or N.J.S. 40A:4-55.13 listed on Sheets 29 and 30) Amount JUNE 30, 2005 per Audit Report 2,609,609.56 134,927.60 135,413.81 63,924.34 3,958.51 2,947,833.82 * Do not include items funded or refunded as listed below. EMERGENCY AUTHORIZATIONS UNDER N.J.S. 40A:4-47 WHICH HAVE BEEN FUNDED OR REFUNDED UNDER N.J.S. 40A:2-3 OR N.J.S. 40A:2-51 Date 1. 2. 3. 4. 5. JUDGEMENTS ENTERED AGAINST MUNICIPALITY AND NOT SATISFIED In favor of 1. 2. 3. 4. On Account of Date Entered Amount Purpose Amount in SFY 2006 Budget 2,609,609.56 134,927.60 135,413.81 63,924.34 3,958.51 2,947,833.82 Amount Resulting from SFY 2006 161,000.00 161,000.00

SFY 2006

Caused By 1. Emergency Authorization Municipal* 2. Special Emergency Authorizations (5 years)Municipal* 3. Deficit in Operations 4. Overexpenditure of Appropriations 5. Deficit in Community Center Reserve 6. Overexpenditure of App Reserves 7. Overexpenditure of Self Insurance Fund 8. Overexpenditure of Const. Planning Zoning Trust 9. Overexpenditure of Improvement Authorizations 10. Overexpenditure of Grant Programs 11. Expenditures without Appropriations - Grant Fund

Balance as at JUNE 30, 2006 161,000.00 161,000.00

N/A

Amount

N/A Appropriated for in Budget of SFY 2007

Sheet 28

SFY 2005 N.J.S. 40A:4-55.1, ET SEQ., SPECIAL EMERGENCY - DAMAGE CAUSED TO ROADS OR BRIDGES BY SNOW, ICE, FROST OR FLOOD N.J.S. 40A:4-55.13, ET SEQ., SPECIAL EMERGENCY - PUBLIC EXIGENCIES CAUSED BY CIVIL DISTURBANCES Not Less Than REDUCED IN SFY 2005 Amount 1/3 of Amount Balance By SFY 2005 Canceled Balance Authorized Authorized * June 30,2004 Budget by Resolution June 30, 2005

Date

Purpose

N/A

Sheet 30 Totals 80027-00 80028-00 It is hereby certified that al outstanding' Special Emergency" appropriations have been adopted by the governing body in full compliance with NJSA 40A:4-55.1 et seq. and NJS 40A:4-55.13 et seq. and are recorded on this page Chief Financial Officer
* Not less than one-third (1/3) of amount authorized but not more than the amount shown in the column "Balance JUNE 30, 2006" must be entered here and then raised in th SFY 2006 budget

SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND SFY 2007 DEBT SERVICE FOR BONDS
(MUNICIPAL) GENERAL CAPITAL BONDS

SFY 2006

Debit

Credit

2007 Debt Service

Outstanding July 1, 2005 Issued Paid

80033-01 80033-02 80033-03

xxxxxxxxxxxxx xxxxxxxxxxxxx

16,274,000.00 9,100,000.00

2,315,000.00 xxxxxxxxxxxxx

Outstanding, JUNE 30, 2006 SFY 2007 Bond Maturities-General Capital Bonds SFY 2007 Interest on Bonds*

80033-04

23,059,000.00 25,374,000.00 80033-06

xxxxxxxxxxxxx 25,374,000.00 80033-05 969,076.68 xxxxxxxxxxxxx xxxxxxxxxxxxx 80033-11 969,076.68 N/A Interest Rate 4.00% 80033-13 2,420,000.00

ASSESSMENT SERIAL BONDS Outstanding July 1, 2005 Issued Paid 80033-07 80033-08 80033-09 xxxxxxxxxxxxx xxxxxxxxxxxxx Outstanding, JUNE 30, 2006 SFY 2007 Bond Maturities-Assessment Bonds SFY 2007 Interest on Bonds* Total "Interest on Bonds - Debt Service" (*Items) 80033-12 80033-10 -

Purpose General Improvement Bonds

LIST OF BONDS ISSUED DURING SFY 2006 SFY 2007 Amount Issued Date of Issue Maturity 9,100,000.00 01/01/06

Total

80033-14

9,100,000.00 80033-15

---------

---------

Sheet 31

SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND SFY 2007 DEBT SERVICE FOR LOANS
(MUNICIPAL) GREEN ACRES LOAN

SFY 2006

Debit

Credit

2007 Debt Service

Outstanding July 1, 2005 Issued Paid

80033-01 80033-02 80033-03

xxxxxxxxxxxxx xxxxxxxxxxxxx

849,401.84 -

96,145.60 xxxxxxxxxxxxx

Outstanding, JUNE 30, 2006 SFY 2007 Green Acres Loan Maturities SFY 2007 Interest on Green Acres Loan

80033-04

753,256.24 849,401.84 80033-06

xxxxxxxxxxxxx 849,401.84 80033-05 14,577.16 80033-13 112,655.29 98,078.13

Total SFY 2007 Debt Service for Green Acres Loan (MUNICIPAL) INFRASTRUCTURE LOAN Outstanding July 1, 2005 Issued Paid 80033-07 80033-08 80033-09 xxxxxxxxxxxxx xxxxxxxxxxxxx 192,967.01 Outstanding, JUNE 30, 2006 SFY 2007 Infrastructure Loan Maturities SFY 2007 Interest on Infrastructure Loan Total SFY 2007 Debt Service for Infrastructure Loan 80033-06 80033-10 3,219,168.38 3,412,135.39

3,412,135.39 xxxxxxxxxxxxx xxxxxxxxxxxxx 3,412,135.39 80033-05 69,226.31 80033-13 267,727.39 198,501.08

Purpose N/A

LIST OF LOANS ISSUED DURING SFY 2006 SFY 2007 Amount Issued Date of Issue Maturity

Interest Rate

Total

80033-14

80033-15

---------

---------

Sheet 31 a

SCHEDULE OF BONDS ISSUED AND OUTSTANDING AND SFY 2007 DEBT SERVICE FOR BONDS
TYPE I SCHOOL TERM BONDS

SFY 2006
N/A SFY 2007 Debt

Debit Outstanding July 1, 2005 Paid Outstanding JUNE 30, 2006 SFY 2007 Bond Maturities-Term Bonds SFY 2007 Interest on Bonds* TYPE I SCHOOL SERIAL BOND Outstanding July 1, 2005 Issued Paid 80034-06 xxxxxxxxxxxxx 80034-07 xxxxxxxxxxxxx 80034-08 Outstanding, JUNE 30, 2006 SFY 2007 Interest on Bonds* SFY 2007 Bond Maturities - Serial Bonds Total "Interest on Bonds - Type I School Debt Service" (*Items) LIST OF BONDS ISSUED DURING SFY 2006
Purpose SFY 2007 Maturity -01 Amt Issued -02

Credit xxxxxxxxxxxxx xxxxxxxxxxxxx $ $ N/A xxxxxxxxxxxxx xxxxxxxxxxxxx $ 80034-11 80034-12 N/A
Date of Issue

Service

80034-01 xxxxxxxxxxxxx 80034-02 80034-03 80034-04 80034-05 -

80034-09 80034-10

-

$ $
Interest Rate

Total

80035-

SFY 2007 INTEREST REQUIREMENT - CURRENT FUND DEBT ONLY
Outstanding, June 30,2006

SFY 2007 Interest

1. Emergency Notes 2. Special Emergency Notes 3. Tax Anticipation Notes 4. Interest on Unpaid State & County Taxes 5. 6.

80036800378003880039-

$ $ $8,058,000.00 $ $ $

$ $
$206,338.52

$ $ $

Sheet 32

DEBT SERVICE FOR NOTES (OTHER THAN ASSESSMENT NOTES) Title or Purpose of Issue Original Amount Issued Original Date of Issue * Amount of Note Outstanding 06/30/06 Date of Maturity Rate of Interest

SFY 2006 Interest
Computed to

SFY 2007 Budget Requirement

For Principal

For Interest

**

(insert date)

0 0 Sheet 33 Total Memo: Type 1 School Notes should be separately listed and totaled. 0 0

0.00% 0.00% 0.00% 0.00% 80051-01

0.00 0.00 0.00 0.00 80051-02

Memo: Designate all "Capital Notes" issued under N.J.S. 40A:2-8(b) with "C". Such notes must be retired at the rate of 20% of the original amount issued annually. * "Original Date of Issue" refers to the date when the first money was borrowed for a particular improvement, not the renewal date of subsequent notes which were issued. All notes with an original date of issue of 2004 or prior require one legally payable installment to be budgeted if it is contemplated that such notes will be renewed in SFY 2007 or written intent of permanent financing submitted with statement. ** If interest on notes is financed by ordinance, designate same, otherwise an amount must be included in this column.

DEBT SERVICE SCHEDULE FOR ASSESSMENT NOTES Title or Purpose of Issue Original Amount Issued 1. 2. 3. 4. 5. 6. Sheet 34 7. 8. 9. 10. 11. 12. 13. 14. Total 80051-01 MEMO: *See Sheet 33 for clarification of "Original Date of Issue" Assessment Notes with an original date of issue of SFY 2003 or prior must be appropriated in full in the SFY 2007 Dedicated Assessment Budget or written intent of permanent financingsubmitted with statement. ** Interest on Assessment Notes must be included in the Current Fund Budget appropriation "Interest on Notes". 80051-02 N/A Original Date of Issue * Amount of Note Outstanding 06/30/06 Date of Maturity Rate of Interest SFY 2007 Budget Requirement For Principal For Interest **

SFY 2006 Interest Computed to (Insert Date)

(Do not crowd - add additional sheets)

SCHEDULE OF IMPROVEMENT AUTHORIZATIONS (GENERAL CAPITAL FUND) IMPROVEMENTS Specify each authorization by purpose. Do not merely designate by a code number Funded Unfunded Balance July 1, 2005 SFY 2006 Authorizations Expended/ Encumbered Authorizations Canceled Funded

SFY 2006 Balance - JUNE 30, 2006 Unfunded

Various Capital Improvements-97-01 Stabilization of Shabakunk Creek-99-10 Various Capital Improvements-01-28 Primrose Road Improvements-02-25 Various Capital Improvements-04-02 Various Capital Improvements-04-14 Various Capital Improvements-05-19 Various Capital Improvements-05-28 Various Capital Improvements-05-29 Reappropriation of Capital Improvements-06-22 Total 70000-

145,590.02 262,745.10 573,827.43

9,543.98 462,318.39

(145,590.02)

77.25 73,827.43

262,667.85 500,000.00 295,931.51 95,580.12 10,435.33 340,849.68 77,127.20 233,012.03

-

Sheet 35

(19,474.08) (60,000.00) 1,817,052.07 126,450.00 233,012.03

(9,930.10) 106,386.88 506,155.15 7,079.57 1,476,202.39 49,322.80

17,514.90

601,735.27 -

999,677.45

1,073,597.64

1,951,450.00

2,209,121.37

-

1,815,603.72

-

SFY 2006 GENERAL CAPITAL FUND
SCHEDULE OF CAPITAL IMPROVEMENT FUND

Debit Balance July 1, 2005 Received from SFY 2006 Budget Appropriation * Received from Performance/Inspectin Escrow Improvement Authorizations Canceled (but only where financed in whole by the Capital Improvement Fund) 80031-03 xxxxxxxxxxxxxxxx 80031-01 80031-02 xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

Credit

238,355.00
-

-

List by Improvements - Direct Charges Made for Preliminary Costs:

xxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx

Appropriated to Finance Improvement Authorizations

80031-04

213,355.00 xxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxx

Balance JUNE 30, 2006

80031-05

25,000.00 xxxxxxxxxxxxxxxx 238,355.00 238,355.00

Sheet 36

GENERAL CAPITAL FUND
SCHEDULE OF DOWN PAYMENTS ON IMPROVEMENTS Debit
Balance July 1, 2005 Received from SFY 2006 Budget Appropriation* Received from SFY 2006 Emergency Appropriation* 80030-01 80030-02 80030-03 xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx Appropriated to Finance Improvement Authorizations 80030-04

SFY 2006

Credit 217,700.00
-

217,700.00 xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx -

Balance JUNE 30, 2006

80030-05

217,700.00
* The full amount of the 2006 appropriation should be transferred to this account unless the balance of the appropriation is permitted to lapse.

217,700.00

CAPITAL IMPROVEMENTS AUTHORIZED IN SFY 2006 AND DOWN PAYMENTS (N.J.S. 40A:2-11) GENERAL CAPITAL FUND ONLY
Amount Purpose Appropriated Total Obligations Authorized Down Payment Provided by Ordinance Amount of Down Paymt in Budget of SFY 2006 or Prior Years

Purchase of Equipment- Police Purchase of Equipment- Roads Purchase of Equipment- Recreation/ Parks Purchase of Equipment- Recreation Program Purchase of Equipment- Sanitation Purchase of Equipment- Recreation/ Parks Purchase of Equipment- Seniors Purchase of Equipment- Technology Purchase of Equipment- WTFC Purchase of Equipment- Municipal Facilities Upgrade Milling and Road Resurfacing- Roads Purchase of Equipment- Police Purchase of Equipment- EMS Purchase of Equipment- B&G Purchase of Equipment- Technology

14,000.00 520,000.00 60,000.00 60,000.00 128,000.00 97,000.00 40,000.00 570,000.00 65,000.00 21,000.00 250,000.00 17,500.00 2,500.00 4,450.00 102,000.00

13,300.00 494,000.00 57,000.00 57,000.00 121,600.00 92,150.00 38,000.00 541,500.00 61,750.00 19,950.00 237,500.00 -

700.00 26,000.00 3,000.00 3,000.00 6,400.00 4,850.00 2,000.00 28,500.00 3,250.00 1,050.00 12,500.00 17,500.00 2,500.00 4,450.00 102,000.00

700.00 26,000.00 3,000.00 3,000.00 6,400.00 4,850.00 2,000.00 28,500.00 3,250.00 1,050.00 12,500.00 17,500.00 2,500.00 4,450.00 102,000.00

Total

80032-00

1,951,450.00

1,733,750.00

217,700.00

217,700.00

NOTE - Where amount in column "Down Payment Provided by Ordinance" is LESS than 5% of amount in column "Total Obligations Authorized", explanation must be made part of or attached to this sheet.

Sheet 37

SFY 2006 GENERAL CAPITAL FUND STATEMENT OF CAPITAL SURPLUS SFY 2006
Debit Balance July 1, 2005 Premium on Sale of Bond Anticipation Notes Premium on Sale of Bonds 80029-01 xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx Prior Year Adjustment Appropriated to Finance Improvement Authorizations Appropriated to SFY 2006 Budget Revenue Balance JUNE 30, 2006 80029-02 80029-03 80029-04 95,595.00 98,440.57 303,074.60 Credit 98,440.57 365.00 204,269.03 xxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxx 303,074.60

109,039.03 xxxxxxxxxxxxxxxx

BONDS ISSUED WITH A COVENANT OR COVENANTS N/A 1. Amount of Serial Bonds Issued Under Provisions of Chapter 233, P.L. 1934, Chapter 268, P.L. 1934, Chapter 428, P.L. 1933 or Chapter 77, Article VI-A, P.L. 1935, with Covenant or Covenants; Outstanding JUNE 30, 2006 2. Amount of Cash in Special Trust Fund as of JUNE 30, 2006 (Note A) 3. Amount of Bonds Issued Under Item 1 Maturing in SFY 2007 4. Amount of Interest on Bonds with a Covenant - SFY 2007 Requirement 5. Total of 3 and 4 - Gross Appropriation 6. Less Amount of Special Trust Fund to be Used 7. Net Apprpriation Required NOTE A - This amount to be supported by confirmation from bank or banks. Footnote: Any formula other than the one shown above and required to be used by covenant or covenants is to be attached hereto. Item 5 must be shown as an item of appropriation, short extended, with Item 6 shown directly following as a deduction and with the amount of Item 7 extended into the SFY 2007 appropriation column.

Sheet 38

MUNICIPALITIES ONLY

SFY 2006

IMPORTANT!!
This Sheet Must Be Completely Filled in or the Statement Will Be Considered Incomplete (N.J.S.A.52:27BB-55 as Amended by Chap. 211, P.L. 1981) A. 1. Total Tax Levy for the Year SFY 2006 was 2. Amount of Item 1 Collected in SFY 2006 (*) 3. Seventy (70) percent of Item 1 (*) Including prepayments and overpayments applied. B. 1. Did any maturities of bonded obligations or notes fall due during the year SFY 2006? Answer YES or NO JUNE 30, 2006? Answer YES or NO YES YES 2. Have payments been made for all bonded obligations or notes due on or before $ $ $ 72,363,629.38 73,076,787.77 50,654,540.57

NOTE: If answer to Item B1 is YES, then Item B2 must be answered C. Does the appropriation required to be included in the SFY 2006 budget for the liquidation of all bonded obligations or notes exceed 25% of the total of appropriations for operating purposes in the budget for the year just ended? D. 1. Cash Deficit SFY 2005 2. 4% of SFY 2005 Tax Levy for all purposes: Levy -- $ 3. Cash Deficit SFY 2006 4. 4% of SFY 2006 Tax Levy for all purposes: Levy -- $ E. Unpaid 1. State Taxes 2. County Taxes 3. Amounts due Special Districts 4. Amounts due School Districts for Local School Tax 72,363,629.38 = SFY 2005 3,500,000.00 $ SFY 2006 2,894,545.18 Total 3,500,000.00 72,012,493.63 = $ $ 2,880,499.75 $ Answer YES or NO NO

Sheet 39

SFY06

SHEETS 40 TO 68, INCLUSIVE, PERTAIN TO

UTILITIES ONLY

Note:
If no "utility Fund" existed on the books of account and if no utility was owned and operated by the municipality during the year SFY 2006, please observe instructions on Sheet 2.

Sheet 40

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