BOROUGH OF SOMERVILLE
TRUST FUND
COMPARATIVE BALANCE SHEETS
REGULATORY BASIS
DECEMBER 31, 2021 AND 2020
| ASSETS | REF. | BALANCE DEC. 31, 2021 |
BALANCE DEC. 31, 2020 |
||
|---|---|---|---|---|---|
| Assessment Trust Fund: | |||||
| Cash | B-2 | $ | 10,467.52 | $ | 10,467.52 |
| Due from Current Fund | B-2 | 11,269.78 | |||
| Assessments Receivable | B-2 | 1,137.76 | 4,907.84 | ||
| Total Assessment Trust Fund | 22,875.06 | 15,375.36 | |||
| Animal Control Fund: | |||||
| Cash - Treasurer | B-2 | 28,811.38 | 23,810.78 | ||
| Total Animal Control Fund | 28,811.38 | 23,810.78 | |||
| Trust-Other Fund: | |||||
| Cash - Treasurer | B-2 | 4,674,238.88 | 3,739,320.09 | ||
| Interfunds Receivable | B-2 | 229,510.42 | 229,510.42 | ||
| Accounts Receivable | B-2 | 8,261.00 | 8,261.00 | ||
| CDBG Receivable | B-2 | 44,385.89 | 44,385.89 | ||
| Total Trust-Other Fund | 4,956,396.19 | 4,021,477.40 | |||
| $ | 5,008,082.63 | $ | 4,060,663.54 | ||
| LIABILITIES, RESERVES AND FUND BALANCE |
REF. | BALANCE DEC. 31, 2021 |
BALANCE DEC. 31, 2020 |
||
|---|---|---|---|---|---|
| Assessment Trust Fund: | |||||
| Reserve for Assessments and Liens | $ | $ | 4,907.84 | ||
| Due to General Capital Fund | B-2 | 22,875.06 | |||
| Fund Balance | 10,467.52 | ||||
| Total Assessment Trust Fund | 22,875.06 | 15,375.36 | |||
| Animal Control Fund: | |||||
| Due to Current Fund | B-2 | 17,948.38 | 11,870.78 | ||
| Due to State of NJ | 1.20 | ||||
| Reserve to Pay Animal Control Fund Expenditures | B-2, B-3 | 10,863.00 | 11,938.80 | ||
| Total Animal Control Fund | 28,811.38 | 23,810.78 | |||
| Trust-Other Fund: | |||||
| Interfunds Payable | B-2 | 39,533.60 | 39,533.60 | ||
| Reserve for Encumbrances | B-2 | 310,610.74 | 42,578.08 | ||
| Reserve for: | |||||
| Miscellaneous Deposits | B-2, B-4 | 2,931,543.45 | 2,389,201.71 | ||
| CDBG Expenditures | B-2 | 44,385.89 | 44,385.89 | ||
| Unemployment Insurance Fund | B-2 | 100,922.23 | 93,156.33 | ||
| Sanitary Landfill Closure | B-2 | ||||
| Builders Escrow | B-2 | 135,397.90 | 106,585.70 | ||
| Tax Redemption Trust | B-2 | 710,300.00 | 604,100.00 | ||
| Recreation Commission | B-2 | 135,702.58 | 114,691.37 | ||
| Housing Assistance Program | B-2 | 175,121.22 | 220,815.31 | ||
| Law Enforcement Trust Fund | B-2 | 68,132.72 | 66,059.17 | ||
| Payroll Agency | B-2 | 294,356.06 | 294,500.18 | ||
| Credit Card Fee Accounts | B-2 | 10,389.80 | 5,870.06 | ||
| Total Trust-Other Fund | 4,956,396.19 | 4,021,477.40 | |||
| $ | 5,008,082.63 | $ | 4,060,663.54 | ||