BOROUGH OF CLOSTER BERGEN COUNTY, NEW JERSEY COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED DECEMBER 31, 2010_part7 doc

EXHIBITC-8 BOROUGH OF CLOSTER STATEMENT OF REVENUES PUBLIC ASSISTANCE FUND Food Locker Donations $ 4,348 EXHIBITC-9 STATEMENT OF RESERVE FOR EXPENDITURES OPEN SPACE TRUST FUND Balance, December 31, 2009 $ Increased by: 2010 Municipal Open Space Levy Tax 2010 Municipal Open Space Added Taxes Cash Received from State Recreation Grants Restoration from Cancelled General Capital Ordinances Interest Earned $ 28,661 206,320 619 15,100 700,001 2,714 924,754 Balance, December 31, 20 I0 $ This is trial version www.adultpdf.com 64 953,415 GENERAL CAPITAL FUND The General Capital Fund accounts for the receipt and disbursement of funds used for acquisition or improvement of general capital facilities, other than those acquired in the Current Fund This is trial version www.adultpdf.com EXHIBIT D BOROUGH OF CLOSTER COMPARATIVE BALANCE SHEETS - REGULATORY BASIS GENERAL CAPITAL FUND AS OF DECEMBER 31, 2010 AND 2009 2010 2009 ASSETS Cash and Cash Equivalents Intergovernmental Receivables Interfund Receivable Other Receivable Deferred Charge - Overexpenditure Deferred Charges to Future Taxation Funded Unfunded $ 607,537 703,998 109,145 $ 1,090,113 342,498 812,611 3,105 10,874 11,432,517 889,262 $ 13,742,459 $ 14,998,273 $ 11,406,000 Total Assets 8,136,310 4,602,762 $ LIABILITIES, RESERVES AND FUND BALANCE 26,517 1,429,298 807,525 223,374 4,484 11,000 178,526 82,500 3,598 4,484 11,000 106,594 $ 13,742,459 Total Liabilities, Reserves and Fund Balance 8,104,000 4,499,464 32,310 1,330,823 479,235 Serial Bonds Bond Anticipation Notes Green Acres Loan Payable Improvement Authorization Funded Unfunded Other Liabilities and Reserves Encumbrances and Contracts Payable Capital Improvement Fund Miscellaneous Reserves Reserve for Payment of Bonds Fund Balance $ 14,998,273 There were bonds and notes authorized but not issued of$889,262 and $279,262 on December 31,2010 and 2009 (Exhibit D-9) This is trial version www.adultpdf.com 65 EXHIBIT 0-1 BOROUGH OF CLOSTER COMPARATIVE STATEMENTS OF FUND BALANCE - REGULATORY BASIS GENERAL CAPITAL FUND FOR THE YEARS ENDED DECEMBER 31,2010 AND 2009 2010 $ Balance, January I, Increased by: Premium on Sale of Notes Premium on Sale of Bonds 2009 106,594 $ 103,789 27,805 906 107,500 25,000 Decreased by: Appropriated to Budget Revenue $ Balance, December I, This is trial version www.adultpdf.com 66 131,594 25,000 82,500 $ 106,594 EXHIBIT D-2 BOROUGH OF CLOSTER ANALYSIS OF GENERAL CAPITAL CASH Balance, December 31, 2010 $ Capital Improvement Fund Fund Balance Encumbrances and Contracts Payable Reserve for North Parking Lot Other Reserves Reserve for Payment of Bonds Intergovernmental Receivable Due from Current Fund Due from Open Space Trust Fund 4,484 82,500 223,374 10,000 1,000 178,526 (703,998) (205) (108,940) Ordinance Number Improvement Authorizations 843 Various Improvements (275,123) 919 941 954 957 975 992 995 996 998 lOIS 1016 1022 1030 1035 1037 1043 1055 1070 1074 1075 1077 Various Capital Improvements Various Improvements E-911 Telephone Upgrade Park and Historic Preservation Improvements Various Improvements Acquisition ofInterboro Communications Equipment Various Improvements Improvements to Homans & Oakland Park, Playground and Farmland Impvt Various Improvements Acquisition of Pumper (Supp Ord 995) Park and Historic Preservation Improvements 2010 Road Improvement Program Improvements to Borough Hall Park and Historic Preservation Improvements Park and Historic Preservation Improvements Park and Historic Preservation Improvements Safe Sidewalks to Tenakill School Financial Software and Computer Equipment Various Improvements Reconstruction of Basketball Courts and Purchase of Bleachers and Picnic Tables Barrier Free Curb Ramps Equipment for DPW Equipment for DPW (174) 7,935 18,854 89,226 55 71,413 (323) 21,699 30,427 1,500 18,702 38,634 104,777 36 68,100 68,100 85,192 273,990 3,192 (134,407) 1078 1082 1084 35,255 50,000 736 343,000 $ This is trial version www.adultpdf.com 67 607,537 EXHIBIT D-3 BOROUGH OF CLOSTER STATEMENT OF DEFERRED CHARGES TO FUTURE TAXATION - UNFUNDED Analysis of Balance December 31 2010 Unexpended Balance, December 1, Qr