BOROUGH OF CLOSTER BERGEN COUNTY, NEW JERSEY COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED DECEMBER 31, 2010_part5 docx

EXHIBITB BOROUGH OF CLOSTER COMPARATIVE BALANCE SHEETS - REGULATORV BASIS CURRENT FUND AS OF DECEMBER 31, 2010 AND 2009 2010 2009 $ 2,313,723 127,319 $ 1,984,660 43,909 45,617 32,400 2,285 25,000 43,200 2,473,442 2,144,671 933,794 130,531 182,986 5,727 4,000 495,089 130,531 196,920 3,242 97,978 4,000 1,257,038 927,760 $ 3,730,480 $ 3,072,431 $ $ ASSETS Cash and Cash Equivalents Investments Intergovernmental Receivable Deferred Charges Overexpenditure of Appropriation Reserves Emergency Authorizations Special Emergency Authorizations (40A:4-55) Sub-Total Receivables and Other Assets with Full Reserves Delinquent Property Taxes Receivable Property Acquired for Taxes - Assessed Value Prepaid School Tax Interfunds Revenue Accounts Receivable Accounts Total Assets LIABILITIES, RESERVES AND FUND BALANCE Appropriation Reserves Encumbrances Payable Accounts Payable Intergovernmental Payabies Due to State of New Jersey Senior and Veteran Deductions Due to State Dept of Human Services State of New Jersey Training Fees County Taxes Payable Interfund Payable Prepaid Taxes Tax Overpayments Miscellaneous Reserves and Deposits Other Liabilities Reserve for Tax Appeals Reserve for Appropriated Grants Reserve for Unappropriated Grants 491,529 426,453 1,750 557,894 203,205 6,341 15,354 335 2,900 13,147 220,608 182,141 168,818 15,614 255 143,249 90,462 15,997 14,215 300 1,253 5,116 116,068 160,291 188,700 15,614 255 111,572 131,793 21,160 1,788,612 1,533,777 1,257,038 684,830 927,760 610,894 $ 3,730,480 $ 3,072,431 Reserve for Receivables and Other Assets Fund Balance Total Liabilities, Reserves and Fund Balance This is trial version www.adultpdf.com 41 EXHIBIT B-1 Page BOROUGH OF CLOSTER STATEMENT OF REVENUES AND OTHER CREDITS TO INCOME REGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31,2010 FUND BALANCE ANTICIPATED MISCELLANEOUS REVENUES Licenses Alcoholic Beverages Other Fees and Permits Other Uniform Construction Code Fees Uniform Construction Code Fees - Additional Fees - 2010 Fines and Costs Municipal Court Interest and Cost on Taxes Interest on Investments and Deposits Cable Franchise Fees 27,548 13,184 67,148 154,690 15,000 116,126 154,690 138,010 123,010 77,385 94,000 28,250 88,998 91,209 94,289 7,771 88,997 13,824 289 (20,479) (1) 570,471 731,824 161,353 1,491,991 62,000 11,440 3,090 16,060 4,500 600 10,000 7,000 603 4,000 20,000 3,000 1,491,991 62,000 11,440 3,090 16,060 4,500 600 10,000 7,000 603 4,000 20,000 3,000 1,634,284 Total Miscellaneous Revenues 28,000 17,000 1,634,284 STATE, FEDERAL AND COUNTY AlD Energy Receipts Tax ADA Handicap Ramp Program Clean Communities Police Body Armor Solid Waste Administration Smart Growth Grant Historical Commission Recreation Opportunity Business Stimulus Fund Grant - Tree Planting Alcohol Education and Rehabilitation GDL 2009 Enforcement - Click It or Ticket Master Plan Historic Preservation Grant Bergen County Prosecutor's Office - Forfeiture of Funds Total State, Federal and County Aid This is trial version www.adultpdf.com 42 $ (452) (3,816) 48,978 EXHIBIT B-1 Page BOROUGH OF CLOSTER STATEMENT OF REVENUES AND OTHER CREDITS TO INCOME REGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 2010 Budget As Modified Excess or (Deficit) Realized OTHER SPECIAL ITEMS Cell Tower Rental Inter-Borough Police Radio - 2009 Inter-Borough Police Radio 2010 Borough of Harrington Park - Gasoline Prepaid School Tax General Capital Fund Surplus Uniform Fire Safety Act Reimbursement from Library - 2009 Reimbursement from Library - 2010 Employee Reimbursement for Group Health Insurance Donation - Trust Alpine Sewer Connection Fees Rental Payments $ Total Other Special Items 46,655 97,978 376,752 50,000 196,920 25,000 35,300 60,645 60,645 10,780 47,240 8,720 11,000 $ 59,402 97,978 379,180 36,334 196,920 25,000 39,331 60,645 59,000 21,772 47,240 6,660 11,000 $ 12,747 2,428 (13,666) 4,031 (1,645) 10,992 (2,060) 1,027,635 1,040,462 12,827 400,000 490,132 90,132 AMOUNT TO BE RAISED BV TAXES FOR SUPPORT OF MUNICIPAL BUDGET 10,008,979 9,903,942 (105,037) Total Budget Revenues 14,066,369 14,225,644 159,275 OTHER CREDITS TO INCOME Non Budget Revenues Unexpended Balance of Appropriation Reserves Cancelled Payables Prior Year Interfunds Returned Taxes Allocated to Municipal Open Space Preservation Taxes Allocated to School and County 284,774 137,841 6,341 3,242 206,939 31,322,805 284,774 137,841 6,341 3,242 206,939 31,322,805 Total Other Credits to Income 31,529,744 31,961,942 432,198 $ 45,596,113 $ 46,187,586 RECEIPTS FROM DELINQUENT TAXES Total Revenues and Other Credits to Income This is trial version www.adultpdf.com 43 $ 591,473 EXHIBIT B-2 Page BOROUGH OF CLOSTER STATEMENT OF EXPENDITURES AND OTHER DEBITS TO INCOMEREGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 2010 Appropriated Expended Paid or Budget After Budget Modification Charged Unexpended Balance Reserved OPERAnONS - WITHIN "CAPS" GENERAL GOVERNMENT General Administration Salaries and Wages Other Expenses Administrative and Executive Municipal Clerk's Office Salaries and Wages Other Expenses Codification of Ordinances Elections $ 136,515 16,500 $ 136,515 16,500 $ 136,332 4,333 $ 183 12,167 149,140 16,500 3,000 7,550 146,140 16,500 145,740 13,333 400 3,167 7,550 7,437 113 Financial Administration Salaries and Wages Other Expenses 81,669 43,400 78,449 38,100 73,847 28,427 4,602 9,673 Audit Services Other Expenses 39,300 41,700 41,700 Data Processing Salaries and Wages Other Expenses 10,179 4,500 10,329 4,500 10,285 2,543 44 1,957 52,129 3,150 52,229 3,150 52,201 2,638 28 512 Revenue Administration Salaries and Wages Other Expenses 124,242 20,600 129,542 20,600 129,503 16,938 39 3,662 Legal Services and Costs Other Expenses 152,000 147,000 97,925 49,075 25,500 15,000 23,000 15,000 20,515 14,608 2,485 392 Economic Development Closter Improvement Committee 4,500 4,500 4,500 Historical Commission Other Expenses 4,000 4,000 2,044 Assessment of Taxes Salaries and Wages Other Expenses Engineering Services and Costs Other Expenses Monitoring Wells This is trial version www.adultpdf.com 44 1,956 Cancelled EXHIBIT B-2 Page BOROUGH OF CLOSTER STATEMENT OF EXPENDITURES AND OTHER DEBITS TO INCOME REGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31,2010 Appropriated Budget After Budget OPERATIONS - WITHIN "CAPS" (Continued) GENERAL GOVERNMENT (Continued) Municipal Land Use Law (NJSA 40:55D-1) Planning Board Salaries and Wages Other Expenses $ II ,590 27,500 Zoning Board of Adjustment Salaries and Wages Other Expenses Expended Paid or Modification $ 21,087 37,500 Charged $ 21,057 36,238 Reserved $ 30 1,262 15,602 17,700 7,355 17,700 7,354 6,901 10,799 12,000 10,000 224,632 188,000 13,200 10,000 224,632 188,000 13,160 1,023 193,547 188,000 40 8,977 31,085 894,320 887,320 887,320 89,750 3,300 89,750 3,800 88,304 3,589 1,800 1,800 2,405,568 2,397,448 2,251,342 146,106 PUBLIC SAFETY Fire Prevention Salaries and Wages Other Expenses 31,400 4,000 I ,400 3,500 30,459 2,206 941 1,294 Fire Protection Other Expenses Clothing Allowance 39,400 16,000 34,400 16,000 30,975 14,358 3,425 1,642 Fire Hydrant Service 150,000 150,000 148,404 1,596 Municipal Prosecutor Other Expenses 6,500 6,500 6,500 2,894,758 63,250 27,192 2,914,758 63,250 27,192 2,887,726 63,250 25,966 II,400 11,400 11,400 7,122 6,900 7,322 6,900 7,315 6,177 Insurance Unemployment Insurance Other Insurance Premiurns General Liability Workersl Compensation Insurance Group Insurance Plan for Employees Municipal Court Salaries and Wages Other Expenses Public Defender (P.L 1997, C 256) Other Expenses Subtotal General Government 1,446 211 1,800 Police Salaries and Wages Other Expenses Acq of Police Vehicles First Aid Organization - Contribution Emergency Management Salaries and Wages Other Expenses This is trial version www.adultpdf.com 45 27,032 1,226 723 Unexpended Balance Cancelled EXHIBIT B-2 Page BOROUGH OF CLOSTER STATEMENT OF EXPENDITURES AND OTHER DEBITS TO INCOME REGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 2010 Appropriated Budget After Budget Expended Paid or Charged Reserved Modification OPERATIONS - WITHIN "CAPS" (Continued) PUBLIC SAFETY (Continued) Uniform Construction Code Appropriations Offset by Dedicated Revenues (N.J.A.C 5:23-4- I7) Construction Code Official Salaries and Wages Other Expenses $ 113,162 7,550 $ 105,162 7,550 $ 103,971 3,234 $ 1,191 4,316 Zoning Officer Salaries and Wages Other Expenses 23,340 100 23,340 100 22,768 55 Sub-Code Officials Plumbing Inspector Salaries and Wages 22,584 22,584 22,584 Electrical Inspector Salaries and Wages 11,48 I 11,681 11,655 26 Salaries and Wages 2,555 2,565 2,555 10 Property Maintenance Salaries and Wages Other Expenses 34,201 500 34,201 500 33,262 156 939 344 Fire Inspector Salaries and Wages 7,012 7,312 7,291 21 Subtotal Public Safety 3,480,407 3,487,617 3,442,267 45,350 850,309 42,700 850,309 36,700 837,488 26,755 12,821 9,945 Snow Removal Other Expenses 16,500 16,500 12,907 3,593 Shade Tree Committee Salaries and Wages Other Expenses 3,836 32,000 4,136 34,500 4,066 34,306 70 194 Public Buildings and Grounds Salaries and Wages Other Expenses 53,342 24,000 54,442 24,200 54,354 24,118 88 82 572 45 Elevator Inspector STREETS AND ROADS Road Repairs and Maintenance Salaries and Wages Other Expenses This is trial version www.adultpdf.com 46 Unexpended Balance Cancelled EXHlBlTB-2 Page BOROUGH OF CLOSTER STATEMENT OF EXPENDITURES AND OTHER DEBITS TO INCOME REGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 2010 Expended Paid or Appropriated Budget After Budget Modification Charged Unexpended Balance Reserved OPERATIONS - WITHIN "CAPS" (Continued) STREETS AND ROADS (Continued) Solid Waste Collection Salaries and Wages Other Expenses Solid Waste Recycling Landfill and Contingency Taxes $ 332,786 3,500 Subtotal Streets and Roads 332,786 3,500 $ 266,324 2,723 $ 66,462 777 268,200 268,200 234,346 33,854 49,183 1,000 50,483 1,000 50,466 303 17 697 94,561 117,000 94,561 117,000 93,988 113,767 573 3,233 1,888,917 1,888,317 1,755,911 132,406 56,150 64,132 56,160 64,132 56,150 64,096 10 36 3,850 3,850 2,632 1,218 13,078 13,078 13,077 1,000 1,000 1,000 138,210 138,220 136,955 1,265 37,000 39,000 38,779 221 3,800 3,800 3,800 Recycling Salaries and Wages Other Expenses Repair to Municipal Vehicles Salaries and Wages Other Expenses $ HEALTH AND WELFARE Board of Health Salaries and Wages Other Expenses Environmental Commission Other Expenses Animal Control Other Expenses Aid to Mental Health Center Subtotal Health and Welfare RECREATION AND EDUCATION Recreation Services and Programs Other Expenses Maintenance of Parks Parks and Playgrounds Senior Citizens Other Expenses This is trial version www.adultpdf.com 47 Cancelled EXHIBIT B-2 Page BOROUGH OF CLOSTER STATEMENT OF EXPENDITURES AND OTHER DEBITS TO INCOMEREGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 2010 Appropriated Budget After Budget Modification Expended Paid or Charged Reserved OPERATIONS - WITHIN "CAPS" (Continued) RECREATION AND EDUCATION (Continued) Board of Recreation Commissioners (NJSA 40:12-1 et seq.) Salaries and Wages Other Expenses $ 62,534 31,500 $ 62,534 31,500 $ 61,551 17,585 $ 983 13,915 Contribution to Belskie Museum 7,125 7,125 7,125 Celebration of Public Events, Anniversary or Holiday Other Expenses 2,100 2,100 2,100 144,059 146,059 130,940 15,1l9 120,000 142,000 89,500 25,000 75,000 2,500 I 1,500 120,000 127,000 89,500 23,000 85,000 2,500 18,000 116,193 127,000 76,168 17,193 81,578 1,415 17,521 3,807 13,332 5,807 3,422 1,085 479 465,500 465,000 437,068 27,932 8,522,661 8,522,661 8,154,483 368,178 2,285 10,874 2,285 10,874 2,285 10,874 254,800 254,800 252,914 617,040 227,889 617,040 227,889 617,039 227,889 Subtotal Deferred Charges and Statutory Expenditures - Municipal Within !ICAPS u 1,112,888 1,112,888 1,111,001 1,887 Total General Appropriations for Municipal Purposes Within "CAPS" 9,635,549 9,635,549 9,265,484 370,065 Subtotal Recreation and Education UNCLASSIFIED: Utilities: Gasoline Electricity Telephone and Telegraph Natural Gas Street Lighting Sewer System Water Subtotal Unclassified Total Operations Within "CAPS ll DEFERRED CHARGES AND STATUTORY EXPENDITURESMUNICIPAL WITHIN "CAPS" Deferred Charges Overexpenditure of Appropriation Res Overexpenditure of General Capital Ord Statutory Charges Social Security System (O.A.S.l.) Police and Fireman's Retirement System ofNJ Public Employees Retirement System This is trial version www.adultpdf.com 48 1,886 Unexpended Balance Cancelled EXHIBIT B-2 Page BOROUGH OF CLOSTER STATEMENT OF EXPENDITURES AND OTHER DEBITS TO INCOMEREGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 2010 Appropriated Budget Budget After Modification Expended Paid or Charged Reserved Unexpended Balance Cancelled OPERATIONS - EXCLUDED FROM "CAPS" GENERAL GOVERNMENT Reserve for Tax Appeals $ ,,-$_-"75",,0,,,,0,,-0 200,000 200,000 75,000 309,402 67,350 309,402 67,350 309,177 49,308 50,000 50,000 36,334 13,666 34,500 34,500 1,500 33,000 461,252 461,252 396,319 64,933 Bergen County Utilities Authority Contractual 767,834 767,834 767,834 Subtotal Streets and Roads 767,834 767,834 767,834 Maintenance of Free Public Library (Chap 82, 541 P.L 1985) 750,345 750,345 750,345 Subtotal Recreation and Education 750,345 750,345 750,345 Employee Group Health 105,680 105,680 78,647 27,033 Subtotal Insurance 105,680 105,680 78,647 27,033 Public Employees Retirement System 7,529 7,529 7,529 Subtotal Statutory Expenditures 7,529 7,529 7,529 Subtotal General Government $ $ 200,000 200,000 125,000 PUBLIC SAFETY lnterloca! Municipal Service Agreement Inter-Borough Police Radio Other Municipalities Salaries and Wages Other Expenses Borough of Harrington Park Gasoline Length of Service Awards Program (LOSAP) Subtotal Public Safety $ 225 18,042 STREETS AND ROADS RECREATION AND EDUCATION INSURANCE STATUTORY EXPENDITURES This is trial version www.adultpdf.com 49 125,000 EXHIBIT B-2 Page BOROUGH OF CLOSTER STATEMENT OF EXPENDITURES AND OTHER DEBITS TO INCOME REGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31,2010 Appropriated Budget After Budget Expended Paid or Charged Reserved Modification Unexpended Balance Cancelled PUBLIC AND PRIVATE PROGRAMS OFFSET BY REVENUES $ Police Body Armor State Share R 1,013 Recreation Opportunity 2009 State Share $ 3,090 $ 1,013 10,000 8,141 $ 2,077 1,859 16,060 Historical Commission 4,500 4,500 11 ,440 600 Clean Communities Grant 16,060 11 ,440 Smart Growth Grant 16,060 4,500 Solid Waste Administration 600 11,440 600 Highway Safety Traffic Grant-Police 4,000 4,000 Bergen County Prosecutor - Confiscated Funds 3,000 3,000 7,000 7,000 6,785 215 603 603 348 255 20,000 20,000 17,550 2,450 61,216 80,293 52,277 28,016 2,353,856 2,372,933 2,127,951 119,982 Capital Improvement Fund 30,000 30,000 30,000 ADA Handicap Ramp Program 12,000 62,000 60,518 1,482 42,000 92,000 90,518 1,482 Business Stimulus Fund Grant - Tree Planting Alcohol Education and Rehabilitation Master Plan Historic Preservation Grant Total Public and Private Programs Offset by Revenues Total Operations Excluded from neAPS" CAPITAL IMPROVEMENTSEXCLUDED FROM "CAPS" Total Capital ImprovementsExcluded from "CAPS" This is trial version www.adultpdf.com 50 $ 125,000 EXHIBlTB-2 Page BOROUGH OF CLOSTER STATEMENT OF EXPENDITURES AND OTHER DEBITS TO INCOME REGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 2010 Appropriated Budget After Budget Expended Paid or Charged Reserved Modification Unexpended Balance Cancelled MUNICIPAL DEBT SERVICEEXCLUDED FROM "CAPS" $ Payment of Bond Principal Interest on Bonds Interest on Notes Green Trust Loan Program Total Municipal Debt ServiceExcluded from HeAPS" 760,000 316,563 46,787 6,400 $ 760,000 316,563 46,787 6,400 $ 760,000 316,542 46,765 6,390 1,129,750 1,129,750 1,129,697 25,000 10,800 25,000 10,800 35,800 35,800 Total General Appropriations for Municipal Purposes Excluded from HeAPS" 3,561,406 3,630,483 3,383,966 Subtotal General Appropriations 13,196,955 13,266,032 12,649,450 800,337 800,337 800,337 $ 13,997,292 $ 14,066,369 $ 13,449,787 21 22 10 25,000 10,800 35,800 $ 53 DEFERRED CHARGES MUNICIPALEXCLUDED FROM "CAPS" Emergency Authorizations Special Emergency Authorizations Subtotal Deferred Charges - Municipal Excluded from "CAPS" Reserve for Uncollected Taxes Total General Appropriations $ 13,997,292 Budget as Adopted Added by N.J.S 40A:4-87 69,077 $ 14,066,369 Other Expenditures and Charges to Income County Taxes Local School Taxes Regional School Taxes Municipal Open Space Preservation Interfund Advance Refund of Prior Year Revenue Establish Reserve for Prepaid School Tax $ 4,371,843 16,503,848 10,447,114 206,939 5,727 28,877 182,986 I ,747,334 Total Other Expenditures and Charges to Income Sub-Total Paid or Charged Reserved Total Expenditures 45,197,121 491,529 $ 45,688,650 This is trial version www.adultpdf.com 51 $ 121,464 125,053 491,529 $ 125,053 491,529 $ 125,053 EXHIBIT B-3 BOROUGH OF CLOSTER STATEMENT OF TAXES RECEIVABLE AND ANALYSIS OF PROPERTY TAX LEVY Senior Balance, December 31, 2010 2009 Levy Year 2008 2009 2010 $ Senior Citizens' and Veterans' Deductions Disallowed Citizens' and Veterans' Deductions Allowed Collected In 2009 8,218 486,871 2010 $ 3,857 $ 41,656,780 $ 495,089 $ 1,139 $ 160,291 486,275 40,397,197 $ 41,656,780 $ 1,139 $ 160,291 $ 40,887,329 $ $ 77,000 $ 77,000 ~ N Analvsis 0[2010 Property Tax Lew Tax Yield General Purpose Tax $ 41,532,210 124,570 Added Taxes (R.S 54:4-36.1 et seq.) $ 41,656,780 Tax Levy Regional High School Tax Local District School Tax County Tax County Open Space Preservation County Tax for Added Taxes $ 10,447,114 16,503,848 $ 4,303,054 55,642 13,147 4,371,843 Local Tax for Municipal Purposes Municipal Open Space Preservation Add Additional Tax Levy Remitted or Cancelled 10,008,979 206,939 118,057 10,333,975 $ 41,656,780 This is trial version www.adultpdf.com $ Balance, December 31, 2010 4,361 596 89,637 $ 933,794 n , 594 $ 933,794 {U ... Unexpended Balance Cancelled EXHlBlTB-2 Page BOROUGH OF CLOSTER STATEMENT OF EXPENDITURES AND OTHER DEBITS TO INCOME REGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 2010 Expended... Page BOROUGH OF CLOSTER STATEMENT OF EXPENDITURES AND OTHER DEBITS TO INCOME REGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 2010 Appropriated Budget After Budget Expended... EXHIBIT B-2 Page BOROUGH OF CLOSTER STATEMENT OF EXPENDITURES AND OTHER DEBITS TO INCOMEREGULATORY BASIS - BUDGET AND ACTUAL FOR THE YEAR ENDED DECEMBER 31, 2010 Appropriated Expended Paid or Budget