BOROUGH OF CLOSTER BERGEN COUNTY, NEW JERSEY COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED DECEMBER 31, 2010_part6 docx

EXHIBIT B-4 BOROUGH OF CLOSTER STATEMENT OF DEFERRED CHARGES Balance, December 31, 2009 Pumose Emergency Appropriations Special Emergency Authorization Preparation of Master Plan Reassessment of Real Property Overexpenditure of Appropriation Reserves $ Total $ 25,000 Raised by 2010 Budget $ 12,000 31,200 2,285 70,485 This is trial version www.adultpdf.com 53 Balance, December 31, Appropriation 2010 25,000 3,000 7,800 2,285 $ $ 9,000 23,400 38,085 $ 32,400 EXHIBIT B-5 Page BOROUGH OF CLOSTER STATEMENT OF 2009 APPROPRIATION RESERVES Balance, December 31, 2009 Budget Aller Transfer or Modification $ $ Transferred to Appropriated Grant Reserves Paid or Charged and Trust Reserves Balance Lapsed Salaries and Wages Municipal Clerk's Office Financial Administration Data Processing Assessment of Taxes Revenue Administration Planning Board Municipal Court Police Interborough Police Streets and Roads Road Repairs and Maintenance Shade Tree Sanitation Garbage and Trash Removal Repair to Municipal Vehicles Fire Prevention Bureau Unifonn Fire Safety Emergency Management Recycling Public Health Service 4,057 251 175 85 759 494 9,315 30 2,057 1,851 175 85 759 494 48,915 30 $ 600 1,592 48,839 $ 1,457 259 175 85 759 494 76 30 Uniform Construction Code Construction Code Official Fire Sub Code Plumbing Code Enforcement Elevator Sub Code Electrical Inspector 45,614 79 45,538 76 79 22,476 3,509 22,476 3,509 21,388 3,438 1,088 71 2,563 31 40 61 57 3,463 31 40 61 57 3,377 86 31 40 61 57 3,393 339 93 5,662 585 3,393 339 293 1,162 585 865 210 870 2,528 339 83 292 585 89,179 Recreation 35,114 79 135,479 126,717 8,762 2,079 2,079 1,875 204 157 5,749 80 5,251 280 830 14,327 1,000 32,953 25 3,855 4,535 357 5,749 80 7,451 280 926 6,327 1,000 43,353 25 2,855 3,535 242 5,299 115 450 80 244 151 926 6,327 20 2,587 25 2,855 3,535 Other Expenses General Administration Administration and Executive Municipal Clerk's Office Codification of Ordinances Elections Financial Administration Data Processing Assessment of Taxes Engineering Revenue Administration Legal Monitoring Wells Closter Improvement Committee Historical Commission 7,207 129 980 40,767 This is trial version www.adultpdf.com 54 EXHIBIT B-5 Page BOROUGH OF CLOSTER STATEMENT OF 2009 APPROPRIAnON RESERVES Transferred Balance, Budget After December 31, Transfer or 2009 Modification Other Expenses (Continued) Planning Board Zoning Board Unemployment Insurance Group Insurance Plan for Employees General Liability Insurance Workers Compensation Insurance Other Insurance Premiums Construction Code Official Code Enforcement Zoning Officer Public Safety Fire Prevention Fire Protection Fire Hydrant Municipal Prosecutor Police Acquisition of Vehicles Emergency Management Streets and Roads Road Repairs and Maintenance Snow Removal Shade Tree Public Buildings & Grounds Sanitation Solid Waste Recycling Landfill Recycling Board of Health Environmental Commission Animal Control Administration of Public Assistance Recreation and Education Other Expenses Maintenance of Parks Board of Recreation Commissioners Repair to Municipal Vehicles Utilities: Gasoline Electricity Natural Gas Telephone and Telegraph Street Lighting Sewer System Water $ 25,901 $ 4,776 1,166 149,677 27,740 3,602 94 737 619 100 26,001 2,776 1,166 107,177 28,841 4,894 94 737 619 100 238 5,041 11,698 2,020 11,588 6,654 958 290 5,041 12,198 2,020 7,488 6,654 958 1,601 10,000 2,575 2,957 79 26,817 95 3,594 844 200 1,601 7,000 2,575 3,457 979 26,817 95 3,637 844 200 4,688 3,784 6,973 13,781 4,688 3,784 6,973 14,281 10,744 95 7,318 9,197 20,482 2,416 683 10,744 9,095 7,318 9,197 11,482 2,416 683 Paid or Charged $ 99,883 168 587 2,735 1,166 7,294 28,841 4,894 94 569 619 100 290 1,452 28 2,020 7,165 54 958 3,589 12,170 323 6,600 1,341 4,832 1,750 3,421 835 24,094 Balance Lapsed $ 25,414 41 260 $ 2,168 108 825 36 144 2,723 95 3,037 844 92 6,900 13,675 4,688 3,784 73 606 600 10,744 9,095 2,241 712 11,328 229 This is trial version www.adultpdf.com 55 to Appropriated Grant Reserves and Trust Reserves 5,077 8,485 154 2,416 454 EXHIBITB-5 Page BOROUGH OF CLOSTER STATEMENT OF 2009 APPROPRIATION RESERVES Balance, Decembel' I, 2009 Other Expenses (Continued) Social Security System BCUA Library Municipal Court Length of Service Awards Program Interboro Police COPS in Shops Clean Communities Hazardous Discharge Site Remdiation Police Body Armor $ Budget After Transfer or Modification 5,986 $ 364 423 1,250 343 3,003 18 4,224 442 468,715 $ 5,986 364 423 1,250 1,270 3,003 18 4,224 442 Paid or Charged $ 145 1,000 693 $ 1,422 289,108 $ 7,740 561,405 Appropriated Grant Reserves Due to Other Trust Fund This is trial version www.adultpdf.com 56 $ 7,740 $ 5,572 2,168 $ 415,825 5,986 364 278 1,250 270 2,310 18 2,802 442 557,894 3,511 $ Balance, December 31, 2009 Encumbrances Restored to Appropriation 561,405 $ 557,894 Balance Lapsed $ 425,926 $ Transferred to Appropriated Grant Reserves and Trust Reserves 7,740 129,079 $ 137,841 EXHIBITB-6 BOROUGH OF CLOSTER STATEMENT OF LOCAL SCHOOL TAXES PAYABLE Increased by: Levy, Calendar Year 2010 $ 16,503,848 16,503,848 Decreased by: Prior Year Prepaid Applied Payments $ 196,920 16,489,914 16,686,834 $ Balance December 31, 2010 (Prepaid) 182,986 EXHIBITB-7 STATEMENT OF REGIONAL HIGH SCHOOL DISTRICT TAXES PAYABLE Increased by: Levy, Calendar Year 2010 $ 10,447,114 Payments $ 10,447,114 EXHIBIT B-8 STATEMENT OF GRANTS RECEIVABLE Balance December 31, 2009 Stormwater Management Barrier Free - CDBG COPS in Shops Recreation Opportunity Historic Preservation Business Stimulus Clean Communities Police Body Armor Alcohol Education Handicap Ramps Bergen County Prosecutor Office Forfeiture of Funds $ Revenue Realized 2,117 40,000 3,500 Received Balance December 31 2010 $ $ $ 10,000 20,000 7,000 11,440 3,090 603 62,000 3,284 6,742 1,950 6,785 11,440 3,090 603 1,537 60,463 3,000 3,000 45,617 $ $ 117,133 $ This is trial version www.adultpdf.com 57 2,117 40,000 216 3,258 18,050 215 35,431 $ 127,319 EXHIBITB-9 BOROUGH OF CLOSTER STATEMENT OF RESERVE FOR APPROPRIATED GRANTS Transferred Balance, From 2009 December 31, Appropriation 2009 Reserves Drunk Driving Enforcement Fund Historical Commission Grant Municipal AIliance Grant Municipal Recycling Assistance Alcohol Education Domestic Violence School Safety Community Dev-Barrier Free E-911 Grant Recycling Tonnage Grant Clean Communities Grant Highway Safety Pandemic Influenza COPS in Shops Hazardous Discharge Remediation Police Body Armor $ 14,018 7,153 8,580 18,407 345 300 403 20,817 29,602 2,289 19,661 1,178 9,040 Adjustment Expended $ 5,515 Balance, December 31, 2010 $ $ (8,011) 345 300 403 20,817 29,602 8,011 $ 10,300 8,238 1,178 9,040 2,310 2,802 442 11,441 18 2,310 2,802 442 $ 131,793 8,503 7,153 8,580 10,396 $ 5,572 $ 46,903 $ $ 90,462 EXHIBIT B-IO STATEMENT OF RESERVE FOR UNAPPROPRIATED GRANTS Balance, December 31, 2009 Solid Waste Administration Grant Smart Growth Grant Historical Commission Grant Clean Communities Watershed Cash Receipts 16,060 4,500 600 $ $ $ $ 21,160 $ 15,997 Balance, December 31, 2010 16,060 4,500 600 2,508 13,489 This is trial version www.adultpdf.com 58 Appropriated in 2010 $ $ 21,160 2,508 13,489 $ 15,997 EXHIBIT B- I I BOROUGH OF CLOSTER STATEMENT OF MISCELLANEOUS RESERVES AND DEPOSITS Balance, December I, 2009 Balance, December 31, 2010 $ 15,401 213 $ 15,401 213 $ Reserve for Insurance Recoveries Reserve for Revaluation 15,614 $ 15,614 This is trial version www.adultpdf.com 59 TRUST FUNDS Trust funds are used to account for assets held by the government in a trustee capacity Funds held by the Borough as an agent for individual, private organizations, or other governments are recorded in the Trust Funds Animal Control Fund - This fund is used to account for fees collected from dog and cat licenses and expenditures which are regulated by NJ.S 4: 19-15.11 Other Trust Fnnd - This fund is established to account for the assets and resources, which are also held by the Borough as a trustee or agent for individuals, private organizations, other governments and/or other funds These funds include dedicated fees/proceeds collected, developer deposits and deposited funds with the Borough as collateral Open Space Trust Fund - This fund is used to account for the resources, which have accumulated from a dedicated tax, to be used for the preservation of open space, recreation and farmland property Public Assistance Fund - This fund is used to account for the receipt and disbursement of funds that provide assistance to certain residents of the Borough pursuant to Title 44 of New Jersey Statutes Length of Service Awards Program (LOSAP) Fund - This fund is established to account for the tax-deferred income benefits to active volunteer members of an emergency service organization of the Borough This is trial version www.adultpdf.com EXHIBITC BOROUGH OF CLOSTER COMBINING BALANCE SHEET - REGULATORY BASIS TRUST FUNDS AS OF DECEMBER 31, 2010 (With Comparative Totals as of December 31, 2009) Animal Control Open Space Trust Other Trust Public Assistance Length of Service Awards Program (LOSAP) (Unaudited) Totals 2010 2009 ASSETS Cash and Cash Equivalents $ 13,996 $ 1,861,704 $ 855,416 $ Investments ~ 2,740,363 $ 2,384,632 $ $ 1,875,168 $ 13,996 1,872,318 1,727 431 365,736 365,736 303,029 37,700 $ 13,464 Interfund Receivable Contribution Receivable Total Assets $ 9,247 220,403 37,700 112,398 36,500 206,939 $ $ 9,247 $ $ 3,364,202 $ 2,836,559 $ 1,062,355 $ 403,436 1,872,318 1,727 114,667 1,374,794 1,598,551 38,340 812,183 386,792 403,436 3,363,510 403,436 LIABILITIES, RESERVES AND FUND BALANCE Liabilities and Reserves Miscellaneous Reserves and Deposits Payroll Deductions Payable Interfund Payable Due to State of New Jersey Reserve for Expenditures $ 5,296 8,696 108,940 953,415 13,996 1,874,476 Fund Balance Total Liabilities, Reserves and Fund Balance $ $ 1,062,355 9,247 $ 9,247 692 $ 13,996 $ 1,875,168 2,835,867 692 $ 1,062,355 $ 9,247 $ This is trial version www.adultpdf.com 403,436 $ - 692 3,364,202 $ 2,836,559 EXHIBIT C-l BOROUGH OF CLOSTER COMPARATIVE STATEMENTS OF FUND BALANCE· REGULATORY BASIS OTHER TRUST FUND FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009 Balance, January I, $ 692 ,,$_ _",69",-2 Balance, December 31, $ 692 ;:;.$~~~69;;;2 EXHIBITC·2 STATEMENT OF REVENUES· REGULATORY BASIS OPEN SPACE TRUST FUND 2010 Realized 2010 Anticipated Excess $ 206,320 $ 206,939 2,714 $ 619 2,714 $ Amount to be Raised by Taxation Interest Earned 206,320 $ 209,653 $ 3,333 EXHlBITC·3 STATEMENT OF EXPENDITURES· REGULATORY BASIS OPEN SPACE TRUST FUND 2010 Appropriated $ 206,320 ,,$ $ Reserve for Future Use 206,320 ;:;.$~~~ This is trial version www.adultpdf.com 61 2010 Reserved Expended _ $ 206,320 $ 206,320 EXHIBITC-4 BOROUGH OF CLOSTER STATEMENT OF RESERVE FOR EXPENDITURES ANIMAL CONTROL FUND Balance, December 31, 2009 $ Increased by: Fees Collected 8,120 9,016 17,136 Decreased by: Animal Control Expenditures Statutory Excess Due to Current Fund $ 2,365 6,075 8,440 Balance, December 31, 2010 $ 8,696 EXHIBITC-5 STATEMENT OF MISCELLANEOUS RESERVES AND DEPOSITS OTHER TRUST FUND Balance December I, 2009 Receipts Balance December 31, Disbursements 2010 52,994 908,517 637,040 $ 166,596 125,447 696,889 $ 155,948 15,077 544,140 $ $ 1,598,551 Special Recreation Affordable Housing Escrow Deposits and Miscellaneous $ 988,932 $ 715,165 $ 1,872,318 $ This is trial version www.adultpdf.com 62 63,642 1,018,887 789,789 EXHIBITC-6 BOROUGH OF CLOSTER STATEMENT OF RESERVE FOR EXPENDITURES PUBLIC ASSISTANCE FUND Balance, December I, 2009 $ Increased by: Donations 10,482 4,348 14,830 Decreased by: Expenditures 5,583 Balance, December 31, 20 10 $ 9,247 EXHIBITC-7 STATEMENT OF PUBLIC ASSISTANCE EXPENDITURES Food Locker Local Assistance $ This is trial version www.adultpdf.com 63 5,583 ... members of an emergency service organization of the Borough This is trial version www.adultpdf.com EXHIBITC BOROUGH OF CLOSTER COMBINING BALANCE SHEET - REGULATORY BASIS TRUST FUNDS AS OF DECEMBER 31,. .. BOROUGH OF CLOSTER COMPARATIVE STATEMENTS OF FUND BALANCE· REGULATORY BASIS OTHER TRUST FUND FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009 Balance, January I, $ 692 ,,$_ _",69",-2 Balance, December. .. account for the receipt and disbursement of funds that provide assistance to certain residents of the Borough pursuant to Title 44 of New Jersey Statutes Length of Service Awards Program (LOSAP) Fund