C
BOROUGH OF SOMERVILLE
GENERAL CAPITAL FUND
COMPARATIVE BALANCE SHEETS
REGULATORY BASIS
DECEMBER 31, 2021 AND 2020
| BALANCE | BALANCE | ||
|---|---|---|---|
| ASSETS | REF. | DEC. 31, 2021 | DEC. 31, 2020 |
| Cash | C- 2, C-3 |
$
5,258,196.08
|
$
4,858,971.02
|
| Due from Various Grantor Agencies | C- 7 | 3,945,022.31 |
4,175,639.02 |
| Due from Somerset County Improvement Authority | C-12 | 3,303.34 |
3,303.34 |
| Due from Trust Assessment Fund | C-17 | 22,875.06 |
|
| Deferred Charges to Future Taxation: | |||
| Funded | C- 5 | 17,068,616.27 |
19,713,701.32 |
| Unfunded | C- 6 | 8,291,358.73 |
7,893,995.55 |
|
$
34,589,371.79
|
$
36,645,610.25
|
||
|
LIABILITIES, RESERVES
AND FUND BALANCE |
|||
| General Serial Bonds Payable | C-10 |
$
13,130,000.00
|
$
14,895,000.00
|
| NJEIT Loans Payable | C-11 | 2,827,329.65 |
3,606,233.78 |
| SCIA Leases Payable | C-16 | 1,111,286.62 |
1,212,467.54 |
| Bond Anticipation Notes | C- 9 | 6,660,000.00 |
|
| Improvement Authorizations: | |||
| Funded | C-8 | 5,314,845.89 |
5,009,790.06 |
| Unfunded | C-8 | 1,539,930.61 |
7,831,881.30 |
| Reserve for Encumbrances Payable | C-8 | 620,715.00 |
467,890.76 |
| Reserve for Payment of Future Debt Service ERG | C-13 | 1,217,400.61 |
1,098,987.61 |
| Reserve for Payment of Future Debt Service | C-14 | 517,749.11 |
785,480.30 |
| Reserve for Grants Receivable | C-15 | 400,000.00 |
|
| Capital Improvement Fund | C- 4 | 946,011.83 |
1,465,011.83 |
| Fund Balance | C- 1 | 304,102.47 |
272,867.07 |
|
$
34,589,371.79
|
$
36,645,610.25
|
||
| Bonds and Notes Authorized but not Issued | C-18 |
$
1,631,358.73
|
$
7,893,995.55
|