C
BOROUGH OF SOMERVILLE
GENERAL CAPITAL FUND
COMPARATIVE BALANCE SHEETS
REGULATORY BASIS
DECEMBER 31, 2022 AND 2021
| BALANCE | BALANCE | ||
|---|---|---|---|
| REF. | DEC. 31, 2022 | DEC. 31, 2021 | |
| ASSETS | |||
| Cash | C-2, C-3 | $9,331,225.79 |
$5,258,196.08 |
| Due from Various Grantor Agencies | C-7 | 4,064,100.03 |
3,945,022.31 |
| Due from Somerset County Improvement Authority | C-12 | 3,303.34 |
3,303.34 |
| Due from Trust Assessment Fund | C-17 | 22,875.06 |
22,875.06 |
| Deferred Charges to Future Taxation: | |||
| Funded | C-5 | 19,690,630.34 |
17,068,616.27 |
| Unfunded | C-6 | 10,149,692.53 |
8,291,358.73 |
$43,261,827.09 |
$34,589,371.79 |
||
| LIABILITIES, RESERVES AND FUND BALANCE | |||
| General Serial Bonds Payable | C-10 | $16,075,000.00 |
$13,130,000.00 |
| NJEIT Loans Payable | C-11 | 2,607,135.52 |
2,827,329.65 |
| SCIA Leases Payable | C-16 | 1,008,494.82 |
1,111,286.62 |
| Bond Anticipation Notes | C-9 | 6,660,000.00 |
6,660,000.00 |
| Improvement Authorizations: | |||
| Funded | C-8 | 9,156,314.44 |
5,314,845.89 |
| Unfunded | C-8 | 2,736,438.52 |
1,539,930.61 |
| Reserve for Encumbrances Payable | C-8 | 1,445,877.51 |
620,715.00 |
| Reserve for Payment of Future Debt Service ERG | C-13 | 1,133,489.77 |
1,217,400.61 |
| Reserve for Payment of Future Debt Service | C-14 | 517,749.11 |
517,749.11 |
| Reserve for Grant Receivable | C-15 | 644,000.00 |
400,000.00 |
| Capital Improvement Fund | C-4 | 947,011.83 |
946,011.83 |
| Fund Balance | C-1 | 330,315.57 |
304,102.47 |
$43,261,827.09 |
$34,589,371.79 |
||
| Bonds and Notes Authorized but not Issued | C-18 | $3,489,692.53 |
$1,631,358.73 |
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