SDS No. 1 - (3.25.25).pdf

Page 5 of 5 SPECIAL DEBT STATEMENT BORROWING POWER AVAILABLE UNDER N.J.S.A. 40A:2-7(f) 1 Amount of accumulated debt incurring capacity under RS 40:1-16(d) as shown on the latest Annual Debt Statement. $ 2 Obligations heretofore authorized in excess of debt limitation and pursuant to: (a) N.J.S.A. 40A:2-7(d) $ (b) N.J.S.A. 40A:2-7(f) $ (c) N.J.S.A. 40A:2-7(g) $ Total $0.00 3 Available debt incurring capacity (N.J.S.A. 40A:2-7(f)) $ 4 Obligations about to be authorized pursuant to N.J.S.A. 40A :2-7(f) (If item 3 equals or exceeds item 4, obligations may be authorized) $ BORROWING POWER AVAILABLE UNDER N.J.S.A. 40A:2-7(g) 1 Total appropriations made in local unit budget for current fiscal year for payment of obligations of local unit included in Annual Debt Statement or revision thereof last filed as of preceding December 31, 2024 $ 2 Less the amount of such obligations which constitute utility and assessment obligations: $ 3 Excess of item 1 over item 2: $0.00 4 Amount raised in the tax levy of the current fiscal year by the local unit for the payment of bonds or notes of any school district $ 5 Amount equal to 2/3 of the sum of item 3 and item 4 $0.00 6 (a) Amount of obligations heretofore authorized under N.J.S.A. 40A:2-7(g) in current fiscal year $ (b) Amount of authorizations included in 6(a) which were heretofore repealed $ (c) Excess of item 6(a) over item 6(b) $0.00 7 Excess of item 5 over item 6(c) $0.00 8 Obligations about to be authorized $ 9 Borrowing capacity still remaining after proposed authorization $0.00 (item 7 less item 8) (If item 7 equals or exceeds item 8, obligations may be authorized)