BOROUGH OF SOMERVILLE
CURRENT FUND
STATEMENT OF EXPENDITURES - REGULATORY BASIS
YEAR ENDED DECEMBER 31, 2022
A-3
SHEET #6
| APPROPRIATIONS | EXPENDED | UNEXPENDED | ||||
|---|---|---|---|---|---|---|
| BUDGET | BUDGET AFTER MODIFICATION |
PAID OR CHARGED |
ENCUMBERED | RESERVED | BALANCE CANCELED |
|
| CAPITAL IMPROVEMENTS EXCLUDED FROM "CAPS" | ||||||
| Capital Improvement Fund | $500,000.00 | $500,000.00 | $500,000.00 | |||
| TOTAL CAPITAL IMPROVEMENTS EXCLUDED FROM "CAPS" | 500,000.00 | 500,000.00 | 500,000.00 | |||
| MUNICIPAL DEBT SERVICE-EXCLUDED FROM "CAPS" | ||||||
| Payment of Bond Principal | 1,625,000.00 | 1,625,000.00 | 1,625,000.00 | |||
| Interest on Bonds | 351,500.00 | 351,500.00 | 351,306.81 | $193.19 | ||
| Interest on Notes | 49,950.00 | 49,950.00 | 49,811.25 | 138.75 | ||
| NJEIT Loan | ||||||
| Loan Repaymnent of Principal | 220,195.00 | 220,195.00 | 220,194.13 | 0.87 | ||
| Loan Repaymnent of Interest | 29,200.00 | 29,200.00 | 29,163.89 | 36.11 | ||
| SCIA Loan | ||||||
| Capital Lease Program Principal | 112,000.00 | 112,000.00 | 102,791.80 | 9,208.20 | ||
| Capital Lease Program Interest | 23,500.00 | 23,500.00 | 22,281.98 | 1,218.02 | ||
| TOTAL MUNICIPAL DEBT SERVICE- | ||||||
| EXCLUDED FROM "CAPS" | 2,411,345.00 | 2,411,345.00 | 2,400,549.86 | 10,795.14 | ||
| DEFERRED CHARGES-MUNICIPAL-EXCLUDED FROM "CAPS" | ||||||
| Emergency Authorizations | 1,350,000.00 | 1,350,000.00 | 1,350,000.00 | |||
| Deferred Charges - Fund Capital Ordinances | ||||||
| Ordinance #2109 | 37,500.00 | 37,500.00 | 37,500.00 | |||
| Ordinance #2124 | 18,750.00 | 18,750.00 | 18,750.00 | |||
| Ordinance #2189 | 68,750.00 | 68,750.00 | 68,750.00 | |||
| Ordinance #2286 | 10,943.03 | 10,943.03 | 10,943.03 | |||
| Ordinance #2355 | 8,979.25 | 8,979.25 | 8,979.25 | |||
| TOTAL DEFERRED CHARGES-MUNICIPAL-EXCLUDED | ||||||
| FROM "CAPS" | 1,494,922.28 | 1,494,922.28 | 1,494,922.28 | |||