Township Council Meeting — Packet

Active State of New Jersey Department of Community Affairs Supplemental Debt Statement Local Government: West Orange Township Budget Year Ending Name: Title: Address: Prepared As Of: December 31 John Ditinyak (Month D-D) Phone: Email: 66 Main Street West Orange, NJ 07052 4/8/2025 2025 (Year) 973-325-4055 jditinyak@westorange.org CFO Cert #: John Ditinyak, Being duly sworn, deposes and says: Deponent is the Chief Financial 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 stated and is computed as provided by the Local Bond Law of New Jersey. Decrease Net Debt as per Annual Debt Statement Bonds and Notes for School Purposes Bonds and Notes for SelfLiquidating Purposes Other Bonds and Notes Increase Net Debt (Since December 31, last past) $0.00 $ $ $0.00 $0.00 $170,571,637.96 $ $4,092,536.00 $ $ $0.00 $166,479,101.96 2 Net Debt at the time of this statement is ……………………………………………………………………………………… $166,479,101.96 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 2915-25 2916-25 2917-25 Purposes Multi-Purpose Bond Ordinance Improvements to Rooney Circle Multi-Purpose Bond Ordinance Amount $6,714,669.00 Deduction $2,066,840.00 $605,600.00 $9,387,109.00 $ Net $6,714,669.00 $ $ $0.00 $2,066,840.00 $605,600.00 $9,387,109.00 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: 5 Equalized valuation basis (the average of the equalized valuations of real estate, including improvements and 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 thereof last filed. $175,866,210.96 Year (1) 2022 (2) 2023 (3) 2024 Equalized Valuation Real Property with Improvements plus assessed valuation of Class II RR Property Equalized Valuation Real Property with Improvements plus assessed valuation of Class II RR Property Equalized Valuation Real Property with Improvements plus assessed valuation of Class II RR

Property Equalized Valuation Real Property with Improvements plus assessed valuation of Class II RR Property Equalized Valuation Real Property with Improvements plus assessed valuation of Class II RR Property $7,039,551,266.00 $7,595,325,978.00 $8,484,167,363.00 6 Equalized Valuation Basis – Average of (1), (2) and (3)………………………………………………… $7,706,348,202.33 7 Net Debt (Line 4 Above) expressed as a percentage of such equalized valuation basis (Line 6 above) is: 2.282% A B C Notes If authorization of bonds or notes is permitted by an exception to the debt limit, specify the particular paragraph of N.J.S.A. 40A:2-7 or other section of law providing such exception. This form is also to be used in the bonding of separate (not Type I) school districts as required by N.J.S.A. 18A:24-16, and filed before the school district election. In such case pages 3 and 4 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 not be included nor shown as a deduction.