2018 Annual Debt Statement.pdf

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