163-13 Budget Amendment.pdf

Township Of West Orange [Code 0722], Essex County - 2013 Budget APPENDIX TO BUDGET STATEMENTS COMPARATIVE STATEMENT OF CURRENT FUND OPERATIONS AND CHANGE IN CURRENT FUND BALANCE SHEET - DECEMBER 31, 2012 CURRENT SURPLUS ASSETS YEAR 2012 YEAR 2011 Cash and Investments 1110100 9,899,207.14 Surplus Balance, January 1st 2310100 2,906,233.62 4,416,058.54 Due from State of N.J. (c. 20, P.L. 1971) 1111000 0.00 CURRENT REVENUE ON A CASH BASIS Current Taxes Federal and State Grants Receivable 1110200 2,235,966.58 *(Percentage collected: 2012 98.8 %, 2011 98.4 %) 2310200 198,642,300.6 196,132,060.7 Receivables with Offsetting Reserves: xxxxxxx xxxxxxxx.xx Delinquent Taxes 2310300 2,938,391.62 1,543,761.33 Taxes Receivable 1110300 2,433,906.97 Other Revenues and Additions to Income 2310400 17,085,396.63 17,408,257.79 Tax Title Liens Receivable 1110400 644,959.45 Total Funds 2310500 221,572,322.5 219,500,138.4 Property Acquired by Tax Title Lien EXPENDITURES AND TAX REQUIREMENTS: Liquidation 1110500 392,465.00 Municipal Appropriations 2310600 66,693,741.49 68,146,455.70 Other Receivables 1110600 1,211,978.27 School Taxes (Including Local and Regional) 2310700 121,879,093.9 120,287,738.0 1110700 209,780.00 County Taxes (Including Added Tax Amounts) 2310800 28,849,474.88 27,900,312.78 Deferred Charges Required to be in Budgets Subsequent to 2013 1110800 749,340.00 Special District Taxes 2310900 253,134.53 150,448.41 Total Assets 1110900 17,777,603.41 Other Expenditures and Deductions from Income 2311000 421,770.92 108,949.92 LIABILITIES, RESERVES AND SURPLUS Total Expenditures and Tax Requirements 2311100 218,097,215.8 216,593,904.8 *Cash Liabilities 2110100 9,618,736.97 Less: Expenditures to be Raised by Future Taxes 2311200 0.00 Reserves for Receivables 2110200 4,683,759.69 Total Adjusted Expenditures and Tax Requirements 2311300 218,097,215.8 216,593,904.8 Surplus 2110300 3,475,106.75 Surplus Balance - December 31st 2311400 3,475,106.75 2,906,233.62 Total Liabilities, Reserves and Surplus 17,777,603.41 * Nearest even percent may be used Proposed Use of Current Fund Surplus in 2013 Budget School Tax Levy Unpaid 2220100 0.00 Surplus Balance December 31, 2012 2311500 3,475,106.75 Current Surplus Anticipated in 2013 The "Current Surplus Anticipated in 2013 Bu Less: School Tax Deferred 2220200 0.00 Budget 2311600 0.00 amount is from Linked Files area of "Main" *Balance

75,106.75 Current Surplus Anticipated in 2013 The "Current Surplus Anticipated in 2013 Bu Less: School Tax Deferred 2220200 0.00 Budget 2311600 0.00 amount is from Linked Files area of "Main" *Balance Included in Above "Cash Liabilities" 2220300 0.00 Surplus Balance Remaining 2311700 3,475,106.75 Deferred Charges Required to be in 2013 Budget