BOROUGH OF SOMERVILLE

TABLE OF CONTENTS

Exhibits Page
Independent Auditors’ Report 1
PART I    Basic Financial Statements - Regulatory Basis
A Comparative Balance Sheet - Current Fund 5
A-1 Comparative Statements of Operations and Changes in Fund Balance - Current Fund 6
A-2 Statements of Revenues - Current Fund 7
A-3 Statement of Expenditures - Current Fund 9
B Comparative Balance Sheet - Trust Fund 16
C Comparative Balance Sheet - General Capital Fund 17
C-1 Statement of Fund Balance - General Capital Fund 18
D Comparative Balance Sheet - Sewer Utility Fund 19
D-1 Comparative Statements of Operations and Changes in Operating Fund Balance - Sewer Utility Fund 20
D-2 Statements of Fund Balance - Sewer Utility Operating Fund 21
D-3 Statement of Revenues - Sewer Utility Operating Fund 22
D-4 Statement of Expenditures - Sewer Utility Operating Fund 23
E Comparative Balance Sheet - Parking Utility Fund 24
E-1 Comparative Statements of Operations and Changes in Fund Balance – Parking Utility Operating Fund 25
E-2 Statements of Revenues - Parking Utility Operating Fund 26
E-3 Statement of Expenditures - Parking Utility Operating Fund 27
F Comparative Balance Sheet - Public Assistance Trust Fund 28
G Statement of Governmental Fixed Assets 29
Notes to Financial Statements 30
PART II    Supplementary Schedules
Current Fund
A-4 Schedule of Current Fund Cash and Investments – Treasurer 63
A-5 Schedule of Change Funds 64
A-6 Schedule of Maintenance Liens Receivable 64
A-7 Schedule of Taxes Receivable and Analysis of Property Tax Levy 65
A-8 Schedule of Due from State of New Jersey Per CH. 129, P.L. 1976 66
A-9 Schedule of Property Acquired for Taxes - At Assessed Valuations 67
A-10 Schedule of Various Accounts Payables & Reserves 68
A-11 Schedule of Nonbudget Revenues & Various Accounts Receivables 69
A-12 Schedule of Taxes Payable 70
A-13 Schedule of Interfunds Receivable/Payable 71
A-14 Schedule of 2021 Appropriation Reserves 72
A-15 Schedule of Tax Overpayments 74
A-16 Schedule of State and Federal Grants Receivable 75
A-17 Schedule of Interfunds Receivable/Payable 76
A-18 Schedule of Reserve for State and Federal Grants - Appropriated 77
A-19 Schedule of Reserve for State and Federal Grants - Unappropriated 79