279-22 Copy of Synopsis of the Audit Report.pdf

279-22 ASSETS 2021 2020 Cash and Investments $ 54,100,683.30 $ 43,610,406.62 Taxes, Assessments, Liens and Utility Charges Receivable 4,840,547.15 6,702,536.92 Property Acquired for Taxes at Assessed Value 1,652,465.00 1,652,465.00 Accounts Receivable and Inventories 1,163,717.34 1,132,876.40 Grant Receivable 12,820,237.40 5,255,239.64 Interfunds Receivable 2,363,610.48 1,217,073.42 Deferred Charges to Future Taxation 148,079,746.62 110,759,683.67 Fixed Assets 71,935,990.32 67,079,563.81 Total Assets $ 296,956,997.61 $ 237,409,845.48 LIABILITIES, RESERVES & FUND BALANCE Bonds and Notes Payable $ 113,026,136.00 85,049,431.00 Loan Payable 1,656,895.51 1,968,332.56 Improvement Authorizations 61,403,592.55 31,164,113.77 Other Cash Liabilities 34,436,241.00 35,683,019.37 Interfunds Payable 2,363,610.48 1,217,073.42 Amortization of Debt for Fixed Capital Acquired or Authorized 523,433.15 523,433.15 Reserve for Certain Assets Receivable 5,066,178.38 6,396,269.64 Investment in Fixed Assets 71,935,990.32 67,079,563.81 Fund Balance 6,544,920.22 8,328,608.76 Total Liabilities,Reserves & Fund Balance $ 296,956,997.61 $ 237,409,845.48 SUMMARY OR SYNOPSIS OF AUDIT FOR PUBLICATION Synopsis of Audit Report of the Township of West Orange as required by N.J.S. 40A:5-7 DECEMBER 31,