Township of West Orange - Supplemental Debt Statement - 8-4-2026 Meeting - Filed.pdf

Department of Community Affairs er aN rece Supplemental Debt Statement CommunityA flairs Local Unit: West Orange Township 0722 County: Essex Prepared as of: 8/4/2026 Budget Year Ending: December 31 2026 Name: John C. Ditinyak Phone: 973-325-4070 Title: Chief Financial Officer Email: jditinyak@westorange.org CFO Cert. # N-0895 Address: 66 Main Street West Orange, NJ 07052 John C, Ditinyak, Being duly sworn, deposes and says: Deponent is the Chief Officer of West Orange Township here and in the statement hereinafter mentioned called the local unit. The Supplemental Debt Statement annexed hereto and hereby made a part hereof is a true statement of the debt condition of the local unit as of the date therein and is computed as provided by the Local Bond Law of New Jersey. By checking this box, I'm swearing thet the above statement is true. | Net Debt as per Decrease Increase | Annual Debt Statement (Since December 31, last past) Net Debt Bonds and Notes for School Purposes (Local and Regional) $ - $ : $ : $ - Bonds and Notes for Self Liquidating Purposes $ > $ : $ Ss $ 7 Other Bonds and Notes $___169,365,526.67 _$ 6,661,477.96 _$ 238,000.00 162,942,048.71 Net Debt at the time of this statement is............. $ 162,942,048.71 ‘The amounts and purposes separately itemized of the obligations about to be authorized, and any deductions which may be made on account of each such item are: (see Note "C" below) [Bond Ordinance ~~ Purpose(s) Amount Deduction | Net 2026 Sewer Improvements & Repairs $_3,053,490.00_ _$ - $ 3,053,490.00 $ a $ x $ = $ = $ : $ é $ : $ : $ : $ + $ : $ = $ s $ : $ : $_ 3,053,490.00_ _$ - $ 3,053,490.00 4 The net debt of the local unit determined by the addition of the net debt amounts stated in items 2 and 3 above is: $ 165,995,538.71 Equalized valuation basis (the average of the equalized valuations of real estate, including improvements and 5 the assessed valuation of class II railroad property of the local unit for the last 3 preceding years) as stated in the Annual Debt Statement or the revision therof last filed. Year Equalized Valuation Real Property with Improvements plus assessed valuation of Class II (ql) 2023 _ RR Property $ _7,595,325,978.00 Equalized Valuation Real Property with Improvements plus assessed valuation of Class II (2) 2024 _ RR Property $ 8,484,167,363.00 Equalized Valuation Real Property with Improvements

_7,595,325,978.00 Equalized Valuation Real Property with Improvements plus assessed valuation of Class II (2) 2024 _ RR Property $ 8,484,167,363.00 Equalized Valuation Real Property with Improvements plus assessed valuation of Class II @) 2025 _ RR Property $__9,990,686,869.00 6 Equalized Valuation Basis - Average of (1), (2) and (3).......0::eccseeesscteeeeeseceeeteeeetseeesenee penser woaeews 5 8,690,060,070.00 7 Net Debt (Line 4 above) expressed as a percentage of such equalized valuation basis (Line 6 above) is: 1.910% NOTES If authorization of bonds or notes is permitted by an exception to the debt limit, specify the particular paragraph of NJSA 40A:2-7 or other section of law A providing such exception. ‘This form is also to be used in the bonding of separate (not Type 1) school districts as required by NISA 1824-16, and filed before the school district B election. In such case pages 4, 5 and 6 should be completed to set forth the computation supporting any deduction in line 3 above. Only the account of bonds or notes about to be authorized should be entered. The amount of the "down payment" provided in the bond ordinance should C not be included nor shown as a deduction Page 1