B-2
BOROUGH OF SOMERVILLE
TRUST FUND
CASH AND RESERVE ACTIVITY
YEAR ENDED DECEMBER 31, 2021
| Balance | Cash | Balance | |||
|---|---|---|---|---|---|
12/31/20 |
Receipts |
Disbursements |
Adjustments |
12/31/21 |
|
| Assessment Trust Fund: | |||||
| Assessments Receivable | $(4,907.84) | 11,269.78 | (7,499.70) | $(1,137.76) | |
| Reserve for Assessments and Liens | 4,907.84 | (4,907.84) | - | ||
| Due from Current Fund | 11,269.78 | (11,269.78) | |||
| Due to General Capital Fund | 22,875.06 | 22,875.06 | |||
| Fund Balance | 10,467.52 | (10,467.52) | - | ||
| Total | 10,467.52 | 11,269.78 | 11,269.78 | - | 10,467.52 |
| Animal Control: | |||||
| Due to Current Fund | 11,870.78 | $144.80 | $5,932.80 | 17,658.78 | |
| Due NJ - State License Fees | 1.20 | $529.20 | 529.20 | (1.20) | |
| Animal Control Reserves | 11,938.80 | 5,000.60 | (5,931.60) | 11,007.80 | |
| Total | 23,810.78 | 5,529.80 | 674.00 | - | 28,666.58 |
| Trust - Other Funds: | |||||
| Accounts Receivable - HUD | (8,261.00) | (8,261.00) | |||
| CDBG Receivable | (44,385.89) | (44,385.89) | |||
| Interfunds Receivable: | |||||
| Due from Current Fund | (229,510.42) | (229,510.42) | |||
| (282,157.31) | - | - | - | (282,157.31) | |
| Interfunds Payable: | |||||
| Due to Public Assistance Fund | 25,533.60 | 25,533.60 | |||
| Due to Current Fund | 14,000.00 | 14,000.00 | |||
| 39,533.60 | - | - | - | 39,533.60 | |
| Reserve for: | |||||
| Miscellaneous Deposits | 2,389,201.71 | 1,327,477.17 | 517,102.77 | (268,032.66) | 2,931,543.45 |
| Payroll Agency | 294,500.18 | 1,299,915.28 | 1,300,059.40 | 294,356.06 | |
| CDBG Expenditures | 44,385.89 | 44,385.89 | |||
| SUI Fund | 93,156.33 | 8,223.88 | 457.98 | 100,922.23 | |
| Builders Escrow | 106,585.70 | 166,354.23 | 137,542.03 | 135,397.90 | |
| Tax Redemption Trust | 604,100.00 | 1,778,962.88 | 1,672,762.88 | 710,300.00 | |
| Recreation Trust | 114,691.37 | 43,792.33 | 22,781.12 | 135,702.58 | |
| Housing Assistance Program | 220,815.31 | 2,525,168.74 | 2,570,862.83 | 175,121.22 | |
| Law Enforcement Trust | 66,059.17 | 2,073.55 | 68,132.72 | ||
| Credit Card Fee Accounts | 5,870.06 | 12,009.07 | 7,489.33 | 10,389.80 | |
| Encumbrances | 42,578.08 | 268,032.66 | 310,610.74 | ||
| Total | 3,739,320.09 | 7,163,977.13 | 6,229,058.34 | 4,674,238.88 | |
| Total | $3,773,598.39 | $7,180,776.71 | $6,241,002.12 | $- | $4,713,372.98 |
| Ref. | B | B | |||