2012 Copy of Budget - Upper Freehold Township

Township of Upper Freehold, Muni Code: 1351APPENDIX TO BUDGET STATEMENTCURRENT FUND BALANCE SHEET - DECEMBER 31, 2011ASSETSCOMPARATIVE STATEMENT OF CURRENT FUND OPERATIONS AND CHANGE IN CURRENT SURPLUSYEAR 2011 YEAR 2010Cash and Investments 1110100 2,961,762.06 Surplus Balance, January 1st 2310100 2,482,955.84 2,375,542.11Due from State of N.J.(c20,P.L. 1971) 1111000 CURRENT REVENUE ON A CASH BASISCurrent TaxesFederal and State Grants Receivable 1110200 20,084.88 *(Percentage collected: 2011 98.26%, 2010 98.04%) 2310200 25,075,237.26 24,594,140.76Receivables with Offsetting Reserves: xxxxxxxxx xxxxxxxxxxxx Delinquent Taxes 2310300 339,487.87 392,898.18Taxes Receivable 1110300 386,791.87 Other Revenues and Additions to Income 2310400 1,616,657.34 1,819,498.32Tax Title Liens Receivable 1110400 352,177.76 Total Funds 2310500 29,514,338.31 29,182,079.37Property Acquired by Tax Title LienEXPENDITURES AND TAX REQUIREMENTS:Liquidation 1110500 11,600.00 Municipal Appropriations 2310600 4,312,111.18 4,396,653.44Other Receivables 1110600 129,677.00 School Taxes (Including Local and Regional) 2310700 18,817,933.57 17,980,849.58Deferred Charges Required to be in 2012 Budget 1110700 36,000.00 County Taxes(Including Added Tax Amounts) 2310800 3,660,813.54 3,547,817.97Deferred Charges Required to be in BudgetsSubsequent to 2012 1110800 130,000.00 Special District Taxes 2310900 708,575.29 786,822.72Total Assets 1110900 4,028,093.57 Other Expenditures and Deductions from Income 2311000 4,780.10 71,979.82LIABILITIES, RESERVES AND SURPLUSTotal Expenditures and Tax Requirements 2311100 27,504,213.68 26,784,123.53*Cash Liabilities 2110100 1,054,862.13 Less: Expenditures to be Raised by Future Taxes 2311200 110,000.00 85,000.00Reserves for Receivables 2110200 853,106.81 Total Adjusted Expenditures and Tax Requirements 2311300 27,394,213.68 26,699,123.53Surplus 2110300 2,120,124.63 Surplus Balance - December 31st 2311400 2,120,124.63 2,482,955.84*Nearest even percentage may be usedTotal Liabilities, Reserves and Surplus 4,028,093.57Proposed Use of Current Fund Surplus in 2012 BudgetSchool Tax Levy Unpaid 2220110 9,551,019.86 Surplus Balance December 31, 2011 2311500 2,120,124.63Less School Tax Deferred 2220200 9,551,019.86 Current Surplus Anticipated in 2012 Budget 2311600 1,225,000.00*Balance Included in Above"Cash Liabilities" 2220300 - Surplus Balance Remaining 2311700 895,124.63(Important:This appendix must be included in advertisement of budget.)Sheet 39As Adopted 4/5/2012