C-14
BOROUGH OF SOMERVILLE
GENERAL CAPITAL FUND
RESERVE FOR PAYMENT OF FUTURE DEBT SERVICE
YEAR ENDED DECEMBER 31, 2022
| Balance, December 31, 2022 and 2021 | C | $ | 517,749.11 |
C-15
SCHEDULE OF RESERVE FOR GRANTS RECEIVABLE
YEAR ENDED DECEMBER 31, 2022
| Balance, December 31, 2021 | C | $ | 400,000.00 |
| Increased by: | |||
| Grants Awarded - Ord 2670 | C-7 | 544,000.00 | |
| 944,000.00 | |||
| Decreased by: | |||
| Cash Receipts from NJDOT | C-7 | 300,000.00 | |
| Balance, December 31, 2022 | C | $ | 644,000.00 |
| Analysis of Balance | |||
| Ordinance 2638 - NJDOT | $ | 100,000.00 | |
| Ordinance 2670 - NJDOT | 544,000.00 | ||
| $ | 644,000.00 | ||