C-4
BOROUGH OF SOMERVILLE
GENERAL CAPITAL FUND
CAPITAL IMPROVEMENT FUND
YEAR ENDED DECEMBER 31, 2022
| REF. | |||||
|---|---|---|---|---|---|
| Balance, December 31, 2021 | C | $ | 946,011.83 | ||
| Increased by: | |||||
| 2022 Budget Appropriation | C-2 | $ | 500,000.00 | ||
| Reimbursement from NJDOT | C-2 | 300,000.00 | |||
| 800,000.00 | |||||
| 1,746,011.83 | |||||
| Decreased by: | |||||
| Improvement Authorizations Funded | C-8 | 799,000.00 | |||
| Balance, December 31, 2022 | C | $ | 947,011.83 |
C-5
DEFERRED CHARGES TO FUTURE TAXATION - FUNDED
YEAR ENDED DECEMBER 31, 2022
| Balance, December 31, 2021 | C | $ | 17,068,616.27 | ||
| Increased by: | |||||
| Issuance of bonds | C-6, C-10 | 4,570,000.00 | |||
| 21,638,616.27 | |||||
| Decreased by: | |||||
| 2022 Budget Appropriation - Serial Bonds | C-10 | $ | 1,625,000.00 | ||
| 2022 Budget Appropriation - NJEIT Loans | C-11 | 220,194.13 | |||
| 2022 Budget Appropriation - SCIA Leases | C-16 | 102,791.80 | |||
| 1,947,985.93 | |||||
| Balance, December 31, 2022 | C | $ | 19,690,630.34 |