CURRENT FUND BALANCE SHEET - DECEMBER 31, 2024
| ASSETS |
| Cash and Investments |
24,833,319.61 |
| Due from State of N.J.(c. 20, P.L. 1961) |
44,348.51 |
| Federal and State Grants Receivable |
|
| Receivables with Offsetting Reserves: |
XXXXXXXX |
| Taxes Receivable |
451,318.94 |
| Tax Title Lien Receivable |
470,601.68 |
| Property Acquired by Tax Title Lien Liquidation |
28,500.00 |
| Other Receivables |
31,661.37 |
| Deferred Charges Required to be in 2025 Budget |
- |
| Deferred Charges Required to be in Budgets Subsequent to 2025 |
- |
| Total Assets |
25,859,750.11 |
| LIABILITIES, RESERVES AND SURPLUS |
| *Cash Liabilities |
8,787,765.89 |
| Reserves for Receivables |
982,081.99 |
| Surplus |
16,089,902.23 |
| Total Liabilities, Reserves and Surplus |
25,859,750.11 |
COMPARATIVE STATEMENT OF CURRENT FUND OPERATIONS AND
CHANGE IN CURRENT SURPLUS
|
YEAR 2024 |
YEAR 2023 |
| Surplus Balance, January 1 |
17,139,945.86 |
13,445,458.29 |
| CURRENT REVENUE ON A CASH BASIS: |
XXXXXXXX |
XXXXXXXX |
| Current Taxes:*(Percentage Collected 2024: 98.87%, 2023: 98.9%) |
46,496,481.21 |
45,275,595.88 |
| Delinquent Taxes |
417,172.73 |
459,107.82 |
| Other Revenues and Additions to Income |
14,935,199.85 |
13,365,095.84 |
| Total Funds |
78,988,799.65 |
72,545,257.83 |
| EXPENDITURES AND TAX REQUIREMENTS: |
XXXXXXXX |
XXXXXXXX |
| Municipal Appropriations |
29,168,422.50 |
22,716,700.65 |
| School Taxes (Including Local and Regional) |
26,863,089.00 |
26,075,437.00 |
| County Taxes (Including Added Tax Amounts) |
6,011,542.29 |
5,774,546.95 |
| Special District Taxes |
839,010.84 |
805,870.98 |
| Other Expenditures and Deductions from Income |
16,832.79 |
32,756.39 |
| Total Expenditures and Tax Requirements |
62,898,897.42 |
55,405,311.97 |
| Less: Expenditures to be Raised by Future Taxes |
- |
|
| Total Adjusted Expenditures and Tax Requirements |
62,898,897.42 |
55,405,311.97 |
| Surplus Balance, December 31 |
16,089,902.23 |
17,139,945.86 |
| School Tax Levy Unpaid |
|
| Less: School Tax Deferred |
|
| *Balance Included in Above "Cash Liabilities" |
- |
(Important: This appendix must be Included in advertisement of Budget.)
| Proposed Use of Current Fund Surplus in 2025 Budget |
| Surplus Balance, December 31 |
16,089,902.23 |
| Current Surplus Anticipated in 2025 Budget |
5,000,000.00 |
| Surplus Balance Remaining |
11,089,902.23 |
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