BONDS AND NOTES FOR UTILITY FUND
Parking Utility
| 1. | Term bonds | $ |
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| 2. | Serial bonds | |||
| (a) Issued | $ |
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| (b) Authorized but not issued | $ |
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| 3. | Bond Anticipation Notes | |||
| (a) Issued | $ |
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| (b) Authorized but not issued | $ |
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| 4. | Capital Notes (N.J.S.A. 40A:2-8) | |||
| (a) Issued | $ |
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| (b) Authorized but not issued | $ |
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| 5. | Other | |||
| (a) Issued | $ |
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| (b) Authorized but not issued | $ |
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| 6. | Total | $0.00 |
DEDUCTIONS APPLICABLE TO BONDS AND NOTES
FOR SELF-LIQUIDATING PURPOSES
Self-Liquidating Utility Calculation
| 1. |
Total Cash Receipts from Fees, Rents or Other Charges for Year |
$922,443.00 |
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| 2. | Operating and Maintenance Cost | $803,500.00 |
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| 3. | Debt Service | |||
| (a) Interest | $ |
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| (b) Notes | $ |
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| (c) Serial Bonds | $ |
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|
(d) Sinking Fund Requirements |
$ |
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| 4. |
Debt Service per Current Budget (N.J.S.A. 40A:2-52) |
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|
(a) Interest on Refunding Bonds |
$ |
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| (b) Refunding Bonds | $ |
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| 5. |
Anticipated Deficit in Dedicated Assessment Budget |
$ |
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| 6. | Total Debt Service | $0.00 |
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| 7. | Total Deductions (Line 2 plus Line 6) | $803,500.00 |
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| 8. | Excess in Revenues (Line 1 minus Line 7) | $118,943.00 |
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| 9. | Deficit in Revenues (Line 7 minus Line 1) | $0.00 |
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| 10. | Total Debt Service (Line 6) | $0.00 |
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| 11. |
Deficit (smaller of Line 9 or Line 10) If Excess in Revenues (Line 8) all Utility Debt is Deductible
|
$0.00 |
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| (a) | Gross Parking System Debt | $0.00 |
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| (b) |
Less: Deficit (Capitalized at 5%), (Line 9 or line 11) $- 0.00 times 20 |
$0.00 |
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| (c) | Deduction | $0.00 |
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| (d) |
Plus: Cash held to Pay Bonds and Notes included in 2 (a) above |
$ |
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| (e) | Total Deduction (Deficit in revenues) | $0.00 |
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| (f) | NonDeductible Combined GO Debt | $ |
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| Total Allowable Deduction | $0.00 |
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