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CITY OF JERSEY CITY NEW JERSEY
REPORT OF AUDIT
FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016
Financial Section
Independent Auditor's Report ………………………………………………… 1
Current Fund (with Federal and State Grants Fund)
Comparative Balance Sheet - Regulatory Basis …………………………… 5 AComparative Statement of Operations and
Changes in Fund Balance - Regulatory Basis ………………………… 7 A-1Statement of Revenues - Regulatory Basis ………………………………… 9 A-2
Analysis of Budget Revenues ………………………………………… 13 A-2aAnalysis of Non-Budget Revenues …………………………………… 14 A-2b
Statement of Appropriations - Regulatory Basis ……………………………16 A-3
Trust Funds
Comparative Balance Sheet - Regulatory Basis …………………………… 23 B
General Capital Fund
Comparative Balance Sheet - Regulatory Basis …………………………… 25 CComparative Statement of Changes in Fund Balance - Regulatory Basis … 26 C-1
General Fixed Assets
Comparative Balance Sheet - Regulatory Basis …………………………… 27 D
Notes to Financial Statements ………………………………………………… 28
Supplementary Data Section:
Current Fund and Federal and State Grant Fund
Schedule of Cash - Treasurer ………………………………………………… 123 A-4
Current Fund
Schedule of:Petty Cash ………………………………………………………………… 124 A-5Change Fund ……………………………………………………………… 124 A-6Taxes Receivable and Analysis of Property Tax Levy …………………… 125 A-7Due from State of New Jersey for
Senior Citizens and Veterans Deductions ……………………………… 126 A-8Tax Title Liens Receivable …………………………………………………127 A-9Property Acquired for Taxes at Assessed Valuation ……………………… 127 A-10Revenue Accounts Receivable …………………………………………… 128 A-11Due from JMCUA ………………………………………………………… 130 A-12Lot Cleaning Charges and Liens Receivable ……………………………… 130 A-13Sales Contracts Receivable - Property Acquired for Taxes ……………… 131 A-14Due from State of New Jersey -
Prepaid Debt Service - Qualified Bonds……………………………… 131 A-15Deferred Charges ……………………………………………………………132 A-16Interfunds Receivable / (Payable) ………………………………………… 133 A-17
CITY OF JERSEY CITYAUDIT OF FINANCIAL STATEMENTS
TABLE OF CONTENTSDECEMBER 31, 2017
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CITY OF JERSEY CITYAUDIT OF FINANCIAL STATEMENTS
TABLE OF CONTENTSDECEMBER 31, 2017
PAGE EXHIBIT TABLE SCHEDULE
Supplementary Data Section (continued):
Current Fund (continued)
Schedule of:2016 Appropriation Reserves ………………………………………………134 A-18Reserve for Encumbrances …………………………………………………139 A-19Contracts Payable ………………………………………………………… 140 A-20Prepaid Taxes ……………………………………………………………… 142 A-21Tax Overpayments ………………………………………………………… 142 A-22Prepaid PILOT Revenues ………………………………………………… 143 A-23Local District School Taxes Payable ……………………………………… 143 A-24County Taxes Payable ……………………………………………………. 144 A-25PILOT Fees Due to County …………………………………………………144 A-26Due to Special Improvement Districts …………………………………… 145 A-27Surcharges Due to State of New Jersey …………………………………… 146 A-28Reserve for Deposits on Sale of Property Acquired for Taxes …………… 146 A-29Other Reserves …………………………………………………………… 147 A-30Special Emergency Notes Payable ………………………………………… 148 A-31Superstorm Sandy Expenditures ……………………………………………149 A-32Other Payables ………………………………………………………...……149 A-33Reserve for Revaluation …………………………………………………… 150 A-34Undistributed Revenue …………………………………………………… 150 A-35
Federal and State Grant Fund
Schedule of:
State and Federal Grants Receivable ……………………………………… 151 A-36
Interfunds Receivable / (Payable) ………………………………………… 155 A-37
Reserve for Encumbrances …………………………………………………156 A-38
Reserve for State and Federal Grants Appropriated ……………………… 157 A-39
Reserve for Other ………………………………………………………… 165 A-40
Reserve for State and Federal Grants - Unappropriated ……………………166 A-41
Trust Funds
Schedule of Cash and Cash Equivalents ……………………………………… 167 B-1
Animal Control FundSchedule of:
Due To Current Fund ……………………………………………………… 169 B-2Due to State of New Jersey …………………………………………………169 B-3Reserve for Encumbrances …………………………………………………170 B-4Reserve for Expenditures ………………………………………………… 170 B-5Prepaid Three-Year Licenses ……………………………………………… 171 B-6
Trust Fund - Other FundsSchedule of:
Federal Grants Receivable ………………………………………………… 172 B-7Deferred Charges ……………………………………………………………172 B-8Interfunds Receivable / (Payable) ………………………………………… 173 B-9
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CITY OF JERSEY CITYAUDIT OF FINANCIAL STATEMENTS
TABLE OF CONTENTSDECEMBER 31, 2017
PAGE EXHIBIT TABLE SCHEDULE
Supplementary Data Section (continued):
Trust Funds (continued)
Trust Fund - Other Funds (continued)Schedule of:
Intergovernmental Payables ……………………………………………… 174 B-10Reserve for Encumbrances …………………………………………………175 B-11Reserve for Dedicated Revenues and Special Deposits …………………… 176 B-12Reserve for Federal Grant Expenditures ……………………………………178 B-13Reserve for Unemployment Expenditures ………………………………… 179 B-14Reserve for Forfeitures …………………………………………………… 179 B-15Reserve for Insurance Expenditures ……………………………………… 180 B-16Vouchers Payable ………………………………………………………… 180 B-17
Payroll Clearing FundSchedule of:
Interfunds Receivable / (Payable) ………………………………………… 181 B-18Due to Library ………………………………………………………………182 B-19Reserve for Payroll Deductions …………………………………………… 182 B-20
Municipal Open Space, Recreation and Historic Preservation Trust FundSchedule of:
Due from Other Trust ……………………………………………………… 183 B-21Reserve for Expenditures ………………………………………………… 183 B-22
Capital Fund
Schedule of Cash - Treasurer ………………………………………………… 184 C-2Analysis of Cash and Cash Equivalents ……………………………………… 185 C-3Analysis of Cash and Cash Equivalents Ending Balance ………………………191 C-3aSchedule of Deferred Charges to Future Taxation:
Funded ………………………………………………………………………199 C-4Unfunded ……………………………………………………………………200 C-5Unfunded - Analysis of Ending Balance……………………………………203 C-5a
Schedule of:Deferred Charges to Future Water Rents - Unfunded ………………………204 C-6Due from Municipal Utilities Authority ……………………………………205 C-7Interfunds Receivable / (Payable) ………………………………………… 206 C-8Improvement Authorizations ……………………………………………… 207 C-9Bond Anticipation Notes Payable ………………………………………… 212 C-10Green Trust Loans Payable …………………………………………………213 C-11School Serial Bonds ……………………………………………………… 218 C-12General Serial and Term Bonds …………………………………………… 219 C-13Pension Refunding Bonds ………………………………………………… 226 C-14Water Serial and Term Bonds ………………………………………………227 C-15Local Improvement Bonds ………………………………………………… 230 C-16Reserve for Encumbrances …………………………………………………231 C-17Other Reserves …………………………………………………………… 232 C-18Reserve for Retirement of Debt …………………………………………… 233 C-19Capital Improvement Fund …………………………………………………233 C-20Bonds and Notes Authorized but not Issued ……………………………… 234 C-21
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CITY OF JERSEY CITYAUDIT OF FINANCIAL STATEMENTS
TABLE OF CONTENTSDECEMBER 31, 2017
PAGE EXHIBIT TABLE SCHEDULE
Supplementary Data Section (continued):
General Fixed Assets
Schedule of Changes in Fixed Assets by Class …………………………………236 D-1Schedule of Reserve for Fixed Assets ………………………………………… 236 D-2
Statistical Section: Unaudited
Five-Year History of Governmental Expenditures …………………………… 237 1Five-Year History of Governmental Realized Revenues ……………………… 238 2Comparative Schedule of Operations and
Changes in Fund Balance - Current Fund ………………………………… 239 3Five-Year History of Tax Rate and Apportionment of Tax Rate ………………240 4Five-Year History of Delinquent Taxes and Tax Title Liens ………………… 240 5Five-Year History of Tax Levies and Collections ………………………………241 6Five-Year History of Property Acquired
by Tax Title Lien Liquidation ………………………………………………241 7Five-Year History of Percentage of Net Assessed Value
to Estimated Full Cash Valuation ………………………………………… 241 8Five-Year History of Ratio of Annual Bonded Debt Service
to Operating Expenditures and Revenues ………………………………… 242 9Computation of Legal Debt Margin and Overlapping Debt ……………………243 10Five-Year History of Ratio of Bonded and Bondable Debt
to Equalized Value and Debt Per Capita ……………………………………244 11Officials in Office ………………………………………………………………245
Additional Information Related to Internal Control and Compliance:
Independent Auditor's Report on Internal ControlOver Financial Reporting and on Compliance andOther Matters Based on an Audit of Financial StatementsPerformed in Accordance with Government Auditing Standards ……………246
Independent Auditor's Report on ComplianceFor Each Major Federal and State Program andOn Internal Control Over Compliance Required byThe Uniform Guidance and New Jersey OMB Circular 15-08 …………… 249
Schedule of:Expenditures of Federal Awards ……………………………………………253 1Expenditures of State Financial Assistance …………………………………264 2Expenditures of Other Financial Assistance ……………………………… 271 3
Notes to Schedules of Expenditures of Federal Awardsand State Financial Assistance …………………………………………… 273
Schedule of Findings and Questioned Costs:Section 1 - Summary of Auditors' Results ………………………………… 276Section 2 - Summary of Financial Statement Findings …………………… 278Section 3 - Schedule of Federal Awards and -
State Financial Assistance - Findings and Questioned Costs ………… 284Summary Schedule of Prior Year Audit Findings and
Questioned Costs as Prepared by Management ……………………… 285General Comments …………………………………………………………… 288Comments and Recommendations ……………………………………………. 293
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qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxc
CITY OF JERSEY CITY
REPORT OF AUDIT
FINANCIAL SECTION
DONOHUE, GIRONDA, DORIA & TOMKINS, LLC Certified Public Accountants
310 Broadway Bayonne, NJ 07002
(201) 437-9000 Fax: (201) 437-1432
E-Mail: [email protected]
Robert A. Gironda, CPA Linda P. Kish, CPA, RMA Robert G. Doria, CPA (N.J. & N.Y.) Mark W. Bednarz, CPA, RMA Frederick J. Tomkins, CPA, RMA Jason R. Gironda, CPA Matthew A. Donohue, CPA Mauricio Canto, CPA, RMA
INDEPENDENT AUDITOR’S REPORT The Honorable Mayor and Members of the City Council City of Jersey City, New Jersey
Report on the Financial Statements
We have audited the accompanying financial statements – regulatory basis of the City of Jersey City, New Jersey (the “City”), which comprise the comparative balance sheet – regulatory basis, of each fund and General Fixed Assets as of December 31, 2017 and 2016, and the related comparative statement of operations and changes in fund balance – regulatory basis, statement of revenues – regulatory basis and statement of appropriations – regulatory basis, of the Current Fund, and the related statement of changes in Fund Balance – regulatory basis, of the General Capital Fund, for the years then ended, and the related notes to the financial statements. Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with the financial reporting provisions of the Division of Local Government Services, Department of Community Affairs, State of New Jersey (the “Division”). Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America, audit requirements prescribed by the Division and the standards applicable to the financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
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An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the City’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles
As described in Note A, the financial statements are prepared by the City on the basis of the financial reporting provisions of the Division, which is a basis of accounting other than accounting principles generally accepted in the United States of America, to meet the requirements of the Division. The effects on the financial statements of the variances between the regulatory basis of accounting described in Note A and accounting principles generally accepted in the United States of America, although not reasonably determinable, are presumed to be material.
Adverse Opinion on U.S. Generally Accepted Accounting Principles
In our opinion, because of the significance of the matter discussed in the “Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles” paragraph, the financial statements referred to above do not present fairly, in accordance with accounting principles generally accepted in the United States of America, the financial position of the City as of December 31, 2017 and 2016, and the changes in its financial position for the years then ended. Unmodified Opinion on Regulatory Basis Accounting
In our opinion, the financial statements referred to above present fairly, in all material respects, the comparative financial position – regulatory basis, of each fund and General Fixed Assets of the City as of December 31, 2017 and 2016, the Current Fund’s respective operations and changes in fund balance – regulatory basis, revenues – regulatory basis and appropriations – regulatory basis, the General Capital Fund’s changes in fund balance – regulatory basis, for the years then ended, in accordance with the financial reporting provisions of the Division as described in Note A.
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Other Matters
Management Discussion and Analysis
Management has omitted the management discussion and analysis that accounting principles generally accepted in the United States of America require to be presented to supplement the basic financial statements. Such missing information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context, but is not required by the financial reporting provisions of the Division. Our opinion on the basic financial statements is not affected by the missing information.
Other Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The statistical section and schedule of expenditures of other financial assistance are presented for purposes of additional analysis and are not a required part of the basic financial statements. The accompanying supplementary data section, general comments and comments and recommendations are presented for purposes of additional analysis as required by the Division. The schedule of expenditures of federal awards and the schedule of expenditures of state financial assistance are presented for purposes of additional analysis as required by the Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and N.J. Office of Management and Budget Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid, respectively. The supplementary data section, general comments, comments and recommendations, schedule of expenditures of federal awards, schedule of expenditures of state financial assistance and schedule of expenditures of other financial assistance are also presented for purposes of additional analysis and are not required parts of the basic financial statements.
The supplementary data section, schedule of expenditures of federal awards, schedule of expenditures of state financial assistance and schedule of expenditures of other financial assistance are the responsibility of management and were derived from and relate directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary data section, schedule of expenditures of federal awards, schedule of expenditures of state financial assistance and schedule of expenditures of other financial assistance are fairly stated, in all material respects, in relation to the basic financial statements as a whole.
The statistical section has not been subjected to the auditing procedures as applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on it.
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Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated November 2, 2018, on our consideration of the City’s internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.
DONOHUE, GIRONDA, DORIA & TOMKINS, LLC Certified Public Accountants
MARK W. BEDNARZ RMA No. 547
Bayonne, New Jersey November 2, 2018
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CITY OF JERSEY CITY
REPORT OF AUDIT
FINANCIAL SECTION: CURRENT FUND FINANCIAL STATEMENTS
[with Federal and State Grant Fund]
Exhibit ASheet 1 of 2
CITY OF JERSEY CITYCURRENT FUND
AS OF DECEMBER 31, 2017 AND 2016
COMPARATIVE BALANCE SHEET - REGULATORY BASIS
2017 2016
Assets
Current Fund:Cash and Cash Equivalents A-4 113,968,803$ 114,656,230$ Petty Cash A-5 200 - Change Fund A-6 1,710 1,710
113,970,713 114,657,940 Intergovernmental Receivables:
Due from Jersey City Municipal Utilities Authority - Overpayment of Tax Sale Receipts A-12 1,604,940 -
Due from State of NJ - Sr. Citizens and Veterans Deductions A-8 20,300 23,048 Prepaid Debt Service - Qualified Bonds A-15 11,725,890 12,562,462
13,351,130 12,585,510 Receivables and Other Assets with Full Reserves:
Delinquent Property Taxes Receivable A-7 10,252,653 4,265,328 Tax Title Liens Receivable A-9 37,154 37,154 Property Acquired for Taxes at Assessed Valuation A-10 1,455,500 1,455,500 Revenue Accounts Receivable A-11 1,360,335 1,115,339 Lot Cleaning Charges Receivable A-13 2,937 - Sales Contracts Receivable -
Property Acquired for Taxes A-14 285,550 285,550 Interfunds Receivable A-17 11,848,594 44,519
25,242,723 7,203,390 Deferred Charges
Special Emergency Authorizations A-16 13,700,000 27,371,474
Total Current Fund Assets 166,264,566 161,818,314
Federal and State Grant Fund:Cash and Cash Equivalents A-4 10,738,056 10,000,324 Federal and State Grants Receivable A-36 31,633,023 32,617,186 Interfunds Receivable A-37 - 147,426
Total Federal and State Grant Fund Assets 42,371,079 42,764,936
Total Assets 208,635,645$ 204,583,250$
See Accompanying Notes to Financial Statements5
Exhibit ASheet 2 of 2
CITY OF JERSEY CITYCURRENT FUND
AS OF DECEMBER 31, 2017 AND 2016
COMPARATIVE BALANCE SHEET - REGULATORY BASIS
2017 2016
Liabilities and Reserves
Current Fund:Appropriation Reserves A-3, A-18 19,058,629$ 18,800,526$ Reserve for Encumbrances A-19 28,067,794 19,449,110 Contracts Payable A-20 701,777 1,803,622 Prepaid Taxes A-21 14,023,865 2,953,483 Tax Overpayments A-22 2,176,043 2,377,608 Interfunds Payable A-17 414,665 150,013 Prepaid Revenues A-23 1,445,095 377,938 County Taxes Payable A-25 1,490,205 1,070,539 PILOT Fees Due to County A-26 903,246 654,210 Due to Special Improvement Districts A-27 137,326 208,752 Due to State of New Jersey:
Marriage Licenses A-28 8,830 25,330 Burial Permits A-28 635 570
Reserve for Deposits on Sale of PropertyAcquired for Taxes A-29 20,303 20,303
Reserves - Other A-30 1,348,305 2,148,670 Emergency Notes Payable A-31 13,700,000 20,597,496 Reserve for Superstorm Sandy Expenditures A-32 - 44,211 Other Payables A-33 12,364 12,364 Reserve for Revaluation A-34 604,642 5,000,000 Undistributed Revenues A-35 568,709 -
84,682,433 75,694,745
Reserve for Receivables and Other Assets 25,242,723 7,203,390 Fund Balance A-1 56,339,410 78,920,179
Total Current Fund Liabilities, Reserves and Fund Balance 166,264,566 161,818,314
Federal and State Grant Fund:Reserve for Encumbrances A-38 7,041,726 12,426,499 Reserve for Other A-40 1,443,991 1,173,397 Reserve for State and Federal Grants:
Appropriated A-39 29,683,949 29,061,223 Unappropriated A-41 3,946,275 -
Interfunds Payable A-37 255,138 103,817
Total Federal and State Grant Fund Liabilities and Reserves 42,371,079 42,764,936
Total Liabilities, Reserves and Fund Balance 208,635,645$ 204,583,250$
See Accompanying Notes to Financial Statements6
Exhibit A-1Sheet 1 of 2
2017 2016
Revenue and Other Income Realized:Fund Balance Utilized A-2a 39,960,250$ 20,745,651$ Miscellaneous Revenue Anticipated A-2a 332,288,181 338,805,935 Receipts from Delinquent Taxes A-2a 2,262,775 559,368 Receipts from Current Taxes A-2a 492,469,451 472,570,361 Non-Budget Revenues A-2b 5,882,618 2,760,372 Other Credits to Income:
Unexpended Appropriation Reserves A-18 18,989,297 13,999,157 Grant Costs Charged to Current Fund in Prior Years A-17 1,433,559 - Cancellation of Contracts Payable A-20 1,231,030 10,831 Revenue Accounts Receivable A-11 1,115,339 1,917,585 Premium on Special Emergency Notes A-4 44,550 47,628 Prior Year Interfunds Returned A-17 44,519 311,385 JCMUA Franchise Extension Fees - 14,000,000 Cancellation of Contracts Encumbered - 831,780 Cancelled Checks - 549,786 Reimbursement for Prior Years Grant Adjustment - 278,200 Other Credits and Adjustments - 151,655
895,721,569 867,539,694
ExpendituresBudgetary and Emergency Appropriations:
Appropriations within "CAPS"Operations
Salaries and Wages 239,314,446 228,896,529 Other Expenses 180,208,924 165,849,919
Deferred Charges and Statutory Expenditures 64,622,370 56,519,425 Appropriations Excluded from "CAPS"
OperationsOther Expenses 36,795,572 44,344,064
Capital Improvements 300,000 1,200,000 Debt Service 67,001,905 66,663,158 Deferred Charges 6,932,496 8,427,496 JudgmentsType 1 School District Debt 7,105,819 13,361,440 Reserve for Uncollected Taxes 4,880,770 3,847,492
A-3 607,162,302 589,109,523
REGULATORY BASISCOMPARATIVE STATEMENT OF OPERATIONS AND CHANGES IN FUND BALANCE -
FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016CURRENT FUND
CITY OF JERSEY CITY
See Accompanying Notes to Financial Statements7
Exhibit A-1Sheet 2 of 2
2017 2016
REGULATORY BASISCOMPARATIVE STATEMENT OF OPERATIONS AND CHANGES IN FUND BALANCE -
FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016CURRENT FUND
CITY OF JERSEY CITY
Expenditures (continued)Local District School Tax A-24 115,548,404$ 113,282,750$ County Taxes A-25 130,445,002 118,795,203 Special District Taxes A-27 4,481,331 - Municipal Open Space Tax A-17 623,000 - Interfunds Advanced Originating in Current Year A-17 11,848,594 44,519 Tax Appeals A-21 6,729,583 1,206,040 Refund of Prior Year Revenues A-4 143,537 26,100 Revenue Accounts Receivable A-11 1,360,335 1,115,339
878,342,088 823,579,474
Excess in Revenue 17,379,481 43,960,220
Adjustments to Income before Fund Balance:Expenditures Included Above Which are by StatuteDeferred Charges to Budget of Succeeding Year
Special Emergency Appropriations:Revaluation - 5,000,000
Statutory Excess to Fund Balance 17,379,481 48,960,220 Fund Balance, Beginning of Year A 78,920,179 50,705,610
96,299,660 99,665,830 Decreased by:
Utilized as Anticipated Revenue A-2a 39,960,250 20,745,651
Fund Balance, December 31 A 56,339,410$ 78,920,179$
See Accompanying Notes to Financial Statements8
Exhibit A-2Sheet 1 of 4
Budget as N.J.S.A Excess orAdopted 40A:4-87 Realized (Deficit)
SURPLUS:Surplus Anticipated 39,954,250$ -$ 39,954,250$ -$ Surplus Anticipated with
Prior Written Consent of Director 6,000 - 6,000 - Total Surplus 39,960,250 - 39,960,250 -
MISCELLANEOUS REVENUES:LOCAL REVENUES
Licenses:Alcoholic Beverages 630,547 - 832,354 201,807 Other Licenses:
Marriage Licenses 5,751 - 6,755 1,004 Cable TV Franchise Fees 2,476,917 - 2,485,392 8,475 Hackensack Meadowlands Adjustment 605,487 - 1,072,851 467,364 Local School Aid 1,953,117 - 1,953,117 - Advertising Ordinance Fees 304,747 - 334,618 29,871 Search Fees 255 - 174 (81) Lot Cleaning Charges 80,889 - 12,056 (68,833) Tax Collector's Fees 30,352 - 35,483 5,131 Hotel Occupancy Tax 7,687,845 - 8,375,237 687,392 Landlord Registration 271,911 - 317,183 45,272
Fees and Permits:Interest and Costs on Taxes 1,325,488 - 767,013 (558,475) Interest on Investments and Deposits 389,004 - 1,015,478 626,474 Assessor's Application Fees 26,620 - 3,537 (23,083) Sewer and Street Opening Permits 245,809 - 232,258 (13,551) Swimming Pool Fees 152,220 - 145,471 (6,749) Skating Rink Fees 55,007 - 123,192 68,185 Laundry Licenses 53,250 - 91,100 37,850 Vending Machine Licenses 46,337 - 23,665 (22,672) Food Establishment Licenses 672,934 - 794,175 121,241 Hotel/Motel Licenses 82,335 - 79,840 (2,495) Dine and Dance Permits 27,000 - 28,000 1,000 Police Reports ID Bureau Fees 134,001 - 135,063 1,062 Taxicab/Omnibus Licenses 125,840 - 112,415 (13,425) Elevator Inspection Fees 592,614 - 600,249 7,635 Site Plan Review Fees 910,546 - 1,010,013 99,467 Bingo and Raffle Licenses 15,820 - 11,500 (4,320) Mechanical Amusement Devices 18,000 - 9,625 (8,375) Parking Lot Licenses 264,341 - 579,227 314,886 Used Motor Vehicle Dealer Licenses 75,817 - 30,000 (45,817)
Parking Lot Tax 8,021,883 - 8,092,843 70,960 Parking Enforcement:
Lease Fees 373,773 - 327,504 (46,269) Meter Fees 1,332,186 - 1,454,765 122,579 Miscellaneous Fees 1,815,364 - 1,763,676 (51,688)
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF REVENUES - REGULATORY BASIS
Anticipated
See Accompanying Notes to Financial Statements9
Exhibit A-2Sheet 2 of 4
Budget as N.J.S.A Excess orAdopted 40A:4-87 Realized (Deficit)
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF REVENUES - REGULATORY BASIS
Anticipated
MISCELLANEOUS REVENUES: (continued)LOCAL REVENUES (continued)
Municipal Court Fines and Costs 13,592,007$ -$ 16,459,799$ 2,867,792$ Passaic Valley Sewerage Comm. Incentive 168,250 - 168,250 - Interstate Waste 546,868 - 454,588 (92,280) Dumpster Fee 66,745 - 91,187 24,442 Certified Copies of Marriage Licenses 39,625 - 41,285 1,660 Zoning Permits and Ordinance Copies 260,065 - 264,858 4,793 Settlements 650,000 - - (650,000) Death Certificates 74,925 - 66,745 (8,180) Vacant Property Registration 223,865 - 138,605 (85,260)
46,426,357 - 50,541,146 4,114,789
STATE AID WITHOUT OFFSETTING APPROPRIATIONSConsolidated Municipal Property Tax Relief 10,408,207 - 10,408,207 - Energy Receipts Tax 53,436,478 - 53,436,478 - GSPT In Lieu of Tax Payment 15,837 - 15,837 - Building Aid Allowances for School Aid 3,189,788 - 3,189,788 -
67,050,310 - 67,050,310 -
DEDICATED UNIFORM CONSTRUCTIONCODE FEES OFFSET WITH APPROPRIATIONS
Uniform Construction Code Fees 7,889,787 - 6,543,764 (1,346,023)$
PUBLIC AND PRIVATE REVENUES OFFSETWITH APPROPRIATIONS
Distracted Driving Grant 5,500 - 5,500 - Health Corner Store Initiative 5,000 - 5,000 - Highlands TDR Feasibility 40,000 - 40,000 - Innovation Team Grant 676,394 - 676,394 - Recreational Opportunities for Individuals -
with Disabilities (ROID Grant) 20,000 - 20,000 - Municipal Drug Alliance - 213,903 213,903 - NJDOT - Journal Square Pedestrian Safety - 220,000 220,000 - Hudson Regional Health Commission - -
OLPHW -STD - 47,791 47,791 - Drunk Driver Enforcement Fund 14,625 - 14,625 - Urban Area Security Initiative (UASI) - 1,710,000 1,710,000 - Recycling Tonnage Grant 298,152 - 298,152 - Community Service Block Grant (CSBG) 529,955 395,326 925,281 - AARP - Tree Planting - 3,000 3,000 - NJDOH - Woman, Infants & Children (WIC) - 1,802,583 1,802,583 - Summer Food Program 626,915 - 626,915 - Senior Nutrition 1,225,438 - 1,225,438 - Food Insecurity Nutrition 8,425 - 8,425 - YMCA State Alliance Healthy NJ Contest - 500 500 - Tarentino Community Policing Grant - 10,000 10,000 -
See Accompanying Notes to Financial Statements10
Exhibit A-2Sheet 3 of 4
Budget as N.J.S.A Excess orAdopted 40A:4-87 Realized (Deficit)
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF REVENUES - REGULATORY BASIS
Anticipated
MISCELLANEOUS REVENUES: (continued)PUBLIC AND PRIVATE REVENUES OFFSETWITH APPROPRIATIONS (continued)
Healthy Community 1,033$ -$ 1,033$ -$ HUD - CDBG - 5,034,144 5,034,144 - HUD - HOME - 1,354,363 1,354,363 - HUD - HOPWA - 2,420,486 2,420,486 - HUD - Emergency Solutions - 457,848 457,848 - Sub-Regional Transportation - 99,328 99,328 - JTPA - 2,965,248 2,965,248 - Port Security Fire 225,000 - 225,000 Port Security Police 163,431 - 163,431 - Cities of Service - Vista 25,000 - 25,000 - Green Acres - Berry Lane 1,100,000 - 1,100,000 - Body Worn Cameras Program - 100,000 100,000 - Body Armor Replacement - 71,364 71,364 - STD Education 122,183 - 122,183 - STD Screening - High Risk - 45,000 45,000 - Municipal Aid - Various Streets 1,038,402 - 1,038,402 - Local Safety Program - MLK Drive - 399,714 399,714 - Local Safety Program - Communipaw Ave. - 736,383 736,383 - Clean Communities Program 387,918 - 387,918 - Summer Works Initiative 190,000 - 190,000 - Comprehensive Traffic Safety 26,700 - 26,700 - Make-A-Splash - 3,380 3,380 - CLPP (Porsche) - 194,025 194,025 -
6,730,071 18,284,386 25,014,457 -
OTHER SPECIAL ITEMSPayments in Lieu of Taxes 138,018,625 - 141,808,933 3,790,308 Sale of Municipal Property - Land Sales 10,000,000 - 10,102,827 102,827 United Water Reimbursement - Operations 325,444 - 346,105 20,661 MUA Franchise Concession Payment 21,000,000 - 21,000,000 - MUA Water Debt Service Payment 5,189,956 - 5,189,955 (1) Uniform Fire Safety Act 250,000 - 250,000 - Build America Bonds Federal Credit 1,772,239 - 1,768,300 (3,939) Recovery Zone Bonds Federal Credit 196,715 - 196,503 (212) Stop the Drop 140,000 - 140,000 - Reserve Summer Youth Program 1,000,000 - 1,000,000 - Reserve Youth Court Program 125,000 - 125,000 - City Government Summer Seasonal Program 75,000 - 75,000 - MLK Community Center 206,405 - 206,405 - Reserve Parking Authority 229,476 - 229,476 - MUA Stormwater Catch Basins 700,000 - 700,000 -
179,228,860 - 183,138,504 3,909,644
Total Miscellaneous Revenues 307,325,385 18,284,386 332,288,181 6,678,410
See Accompanying Notes to Financial Statements11
Exhibit A-2Sheet 4 of 4
Budget as N.J.S.A Excess orAdopted 40A:4-87 Realized (Deficit)
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF REVENUES - REGULATORY BASIS
Anticipated
RECEIPTS FROM DELINQUENT TAXES: 812,309$ -$ 2,262,775$ 1,450,466$
Subtotal - General Revenues 348,097,944 18,284,386 374,511,206 8,128,876
AMOUNT TO BE RAISED BY TAXES FORSUPPORT OF MUNICIPAL BUDGET:
Local Tax Including Reserve forUncollected Taxes 228,298,260 - 228,890,002 591,742
Addition to Local District School Tax 3,916,031 - 3,916,031 - Minimum Library Tax 8,565,681 - 8,565,681 -
Total Amount to be Raised by Taxes 240,779,972 - 241,371,714 591,742
Total Budget Revenues 588,877,916 18,284,386 615,882,920 8,720,618 Non-Budget Revenues - - 5,882,618 5,882,618
Total General Revenues 588,877,916$ 18,284,386$ 621,765,538$ 14,603,236$
Ref. A-3 A-3
Budgeted A-2a 615,882,920$ Non-budgeted A-2b 5,882,618
621,765,538$
See Accompanying Notes to Financial Statements12
Exhibit A-2a
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF REVENUES - REGULATORY BASISANALYSIS OF BUDGET REVENUES
Allocation of Current Tax Collections:Collected in Current Year, including Homestead Benefit A-4 486,389,391$ Less: Overpayments Payable A-22 2,176,043
Current Year Taxes Collected in Current Year A-7 484,213,348 Current Year Taxes Collected in Prior Year A-7, A-21 2,953,483 State Share of Sr. Citizens & Veterans Deductions A-7, A-8 421,850 Current Taxes Realized in Cash 487,588,681$ Add: Appropriation for "Reserve for Uncollected Taxes" A-3 4,880,770
A-1 492,469,451 Allocated to:
School Taxes A-24 115,548,404 County Taxes A-25 130,445,002 Special District Taxes A-27 4,481,331 Municipal Open Space Tax A-17 623,000
Total Allocated to School and County Taxes 251,097,737
Amount for Support of Municipal Budget Appropriations A-2 241,371,714$
Receipts from Delinquent Taxes:Delinquent Taxes Collected A-4, A-7 1,828,745$ State Share of Prior Year Senior Citizen Deductions A-7, A-8 250 Tax Title Liens Collected A-9 258,837 Adjsutment to Prior Year SID Reserves A-27 174,943
Total Receipts from Delinquent Taxes A-1, A-2 2,262,775$
Miscellaneous Revenues Anticipated:Accrual per Revenue Accounts Receivable A-11 240,223,414$ State Aid Allocation Anticipated A-15 67,050,310 State and Federal Grants A-17 25,014,457
Total Miscellaneous Revenues Anticipated A-1, A-2 332,288,181$
Fund Balance A-1, A-2 39,960,250$
Total Realized Budget Revenues A-2 615,882,920$
See Accompanying Notes to Financial Statements13
Exhibit A-2bSheet 1 of 2
Increased by Cash Received from:Express Scripts Claim 1,319,031$ Liberty Harbor North III 1,050,737 LHN Owner 33 Park 649,990 Protested Checks Collected 623,928 3 Jsq 259,254 Columbus Hotel UR 183,485 United Water (Suez) 178,515 Abatement Transfer Fee 163,251 Container Rentals - DPW 159,717 234 Suydam UR 137,155 Library Reimbursement 126,637 Other Recreation Fees 121,362 Unidentified Reconciling Items 92,674 FEMA Reimb: Severe Winter/Snow Storm 1/22/16 85,350 Chosen Condominiums 76,502 Police Department ABC 71,640 Horizon Refund 52,470 Used Motor Vehicle License 49,200 Laidlaw Properties UR 47,558 Filming Permits 41,033 Miscellaneous- City Clerk 34,825 Miscellaneous Health Inspections 33,700 Auto Repair Licenses 31,400 Childcare Cert. License 27,200 Shade Tree 21,708 Initial Lic.Insp/Rev Plan 16,350 HEDC-Sidewalk Cafe License 16,100 Trizechahn Newport Towers 16,049 Scrap Metals 15,324 Summit Urban Urban Renewal 12,684 Carnival Fee 10,900 102 York Street 10,761 Rental City Owned Property 9,928 Tax Lien Deposits 9,900 Devi Ma Newkirk UR 9,549 Citywide Festivals - DPW 9,168 Burglar Alarm System 9,060 MLK Drive Urban Renewal 9,038 Miscellaneous Other 8,540 Junk Shop Licenses 8,000
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF REVENUES - REGULATORY BASISANALYSIS OF NON-BUDGET REVENUES
See Accompanying Notes to Financial Statements14
Exhibit A-2bSheet 2 of 2
Increased by Cash Received from:
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF REVENUES - REGULATORY BASISANALYSIS OF NON-BUDGET REVENUES
(continued)Food Handlers Course 7,805$ Discovery Fees 7,485 Miscellaneous 7,041 Police Training Fees 6,946 Special Privileges 6,325 Exhibition Licenses 6,300 Special Beverage Permit 5,975 Bail Forfeiture 5,142 Mechanical Amusement Devices 3,825 Other Revenues 3,105 Retail Florist License 2,900 Loading Zones 2,100 372 Pacific 2,028 Tire Permits 1,950 Trade Licenses 1,544 Driveway Permits 835 Pigeon Keeping 700 Pet Shop Licenses 340 Spray Paint, Markers 225 Rental Of Polling Places 100 Pay Telephone Lic. 100 Reimburse Damaged Property 75 Search Fees 51 Recycling Receptacles 48
A-1; A-2; A-4 5,882,618$
See Accompanying Notes to Financial Statements15
Exhibit A-3Sheet 1 of 7
UnexpendedAdopted Budget After Paid or BalanceBudget Modification Charged Encumbered Reserved Canceled
(A) Operations - Within "CAPS"OFFICE OF THE MAYOR
Mayor's OfficeSalaries and Wages 1,141,499$ 1,141,499$ 1,051,411$ -$ 90,088$ -$ Other Expenses 35,700 35,700 14,042 1,608 20,050 -
Resident Response CenterSalaries and Wages 819,497 834,497 826,992 - 7,505 - Other Expenses 133,773 133,773 24,389 32,254 77,130 -
Cultural AffairsSalaries and Wages 540,651 540,651 518,448 - 22,203 - Other Expenses 146,500 146,500 127,601 14,976 3,923 -
CITY CLERK AND MUNICIPAL COUNCILOffice of the City Clerk
Salaries and Wages 865,351 880,351 865,081 - 15,270 - Other Expenses 96,530 96,530 76,503 7,162 12,865 - General and Primary Election 100,000 100,000 96,874 - 3,126 - Municipal Election 250,000 300,000 19,840 91,302 188,858 -
Municipal CouncilSalaries and Wages 589,485 599,485 597,321 - 2,164 - Other Expenses 101,350 101,350 89,974 7,280 4,096 -
Annual Audit - Other Expenses 299,000 299,000 299,000 - - -
HUMAN RESOURCESDirector's Office
Salaries and Wages 191,715 199,715 194,539 - 5,176 - Other Expenses 2,200 2,200 1,489 300 411 -
Workforce ManagementSalaries and Wages 688,625 688,625 664,352 - 24,273 - Other Expenses 282,950 282,950 177,116 85,089 20,745 -
Health BenefitsSalaries and Wages 172,993 172,993 167,488 - 5,505 - Other Expenses 3,300 3,300 2,967 138 195 -
PensionSalaries and Wages 260,946 268,946 263,265 - 5,681 - Other Expenses 5,500 5,500 3,213 256 2,031 -
PayrollSalaries and Wages 497,341 502,341 495,154 - 7,187 - Other Expenses 6,800 6,800 2,357 1,509 2,934 -
DEPARTMENT OF ADMINISTRATIONAdministrator's Office
Salaries and Wages 1,493,205 1,493,205 1,459,025 - 34,180 - Other Expenses 56,400 56,400 19,230 20,410 16,760 -
Management and BudgetSalaries and Wages 473,653 478,653 473,213 - 5,440 - Other Expenses 215,090 215,090 157,609 23,311 34,170 -
Purchasing and Central ServicesSalaries and Wages 679,516 679,516 604,365 - 75,151 - Other Expenses 75,315 75,315 51,192 23,017 1,106 -
Real EstateSalaries and Wages 134,423 134,423 116,634 - 17,789 - Other Expenses 14,400 14,400 3,800 2,773 7,827 -
CommunicationsSalaries and Wages 517,517 525,517 513,222 - 12,295 - Other Expenses 16,600 16,600 685 8,963 6,952 -
Utility ManagementSalaries and Wages 325,444 380,444 355,052 - 25,392 -
Risk ManagementSalaries and Wages 159,991 174,991 168,400 - 6,591 - Other Expenses 1,250 1,250 519 197 534 -
Information TechnologySalaries and Wages 938,093 948,093 943,822 - 4,271 - Other Expenses 1,175,400 1,175,400 671,976 173,107 330,317 -
Municipal CourtSalaries and Wages 3,939,021 3,839,021 3,831,402 - 7,619 - Other Expenses 178,700 178,700 104,023 31,494 43,183 -
Appropriations Expended
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF APPROPRIATIONS - REGULATORY BASIS
See Accompanying Notes to Financial Statements
16
Exhibit A-3Sheet 2 of 7
UnexpendedAdopted Budget After Paid or BalanceBudget Modification Charged Encumbered Reserved Canceled
Appropriations Expended
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF APPROPRIATIONS - REGULATORY BASIS
DEPARTMENT OF ADMINISTRATION (continued)Public Defender
Salaries and Wages 90,660$ 98,660$ 93,129$ -$ 5,531$ -$ Other Expenses 301,000 301,000 133,850 45,898 121,252 -
CollectionsSalaries and Wages 783,099 783,099 739,854 - 43,245 - Other Expenses 145,000 155,000 84,249 14,611 56,140 -
ArchitectureSalaries and Wages 768,096 768,096 670,898 - 97,198 - Other Expenses 30,750 30,750 16,579 4,185 9,986 -
EngineeringSalaries and Wages 1,939,632 1,839,632 1,644,961 - 194,671 - Other Expenses 1,719,829 1,719,829 1,135,208 226,650 357,971 -
Accounts and ControlSalaries and Wages 555,339 555,339 542,137 - 13,202 - Other Expenses 11,290 11,290 8,536 344 2,410 -
Treasury and Debt ManagementSalaries and Wages 238,976 253,976 242,915 - 11,061 - Other Expenses 5,220 5,220 3,887 840 493 -
OFFICE OF THE TAX ASSESSORTax Assessor
Salaries and Wages 991,018 916,018 860,311 - 55,707 - Other Expenses 277,820 277,820 217,083 36,510 24,227 -
DEPARTMENT OF LAWLaw Department
Salaries and Wages 3,265,021 3,265,021 3,205,190 - 59,831 - Other Expenses 803,830 888,830 583,060 166,589 139,181 -
DEPARTMENT OF PUBLIC WORKSDirector's Office
Salaries and Wages 1,920,339 2,050,339 2,050,333 - 6 - Other Expenses 20,376,000 20,376,000 16,597,635 3,526,865 251,500 -
Parks MaintenanceSalaries and Wages 2,482,534 2,357,534 2,263,149 - 94,385 - Other Expenses 728,100 728,100 480,586 58,479 189,035 -
Building and Street MaintenanceSalaries and Wages 3,029,221 3,129,221 3,129,114 - 107 - Other Expenses 2,383,500 2,633,500 2,295,609 251,053 86,838 -
Automotive ServicesSalaries and Wages 1,790,774 1,950,774 1,949,787 - 987 - Other Expenses 4,855,500 5,155,500 4,338,328 711,248 105,924 -
SanitationSalaries and Wages 4,616,905 4,926,905 4,905,068 - 21,837 - Other Expenses 3,365,000 2,815,000 932,610 748,786 1,133,604 -
Neighborhood ImprovementSalaries and Wages 1,352,100 1,352,100 1,259,763 - 92,337 - Other Expenses 49,000 49,000 25,388 11,075 12,537 -
DEPARTMENT OF RECREATIONDirector's Office
Salaries and Wages 4,016,311 4,016,311 3,752,091 - 264,220 - Other Expenses 578,615 593,615 443,426 102,788 47,401 -
DEPARTMENT OF HEALTH AND HUMAN SERVICESDirector's Office
Salaries and Wages 800,495 805,495 786,980 - 18,515 - Other Expenses 397,250 397,250 145,346 185,764 66,140 -
HealthSalaries and Wages 1,074,280 1,412,280 1,373,360 - 38,920 - Other Expenses 60,350 60,350 33,748 4,379 22,223 -
Disease PreventionSalaries and Wages 678,630 678,630 600,454 - 78,176 - Other Expenses 81,955 81,955 44,395 21,562 15,998 -
Community HealthSalaries and Wages 297,498 297,498 282,386 - 15,112 - Other Expenses 23,500 23,500 13,289 3,504 6,707 -
See Accompanying Notes to Financial Statements
17
Exhibit A-3Sheet 3 of 7
UnexpendedAdopted Budget After Paid or BalanceBudget Modification Charged Encumbered Reserved Canceled
Appropriations Expended
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF APPROPRIATIONS - REGULATORY BASIS
DEPARTMENT OF HEALTH AND HUMAN SERVICES (continued)Senior Citizen Affairs
Salaries and Wages 397,976$ 397,976$ 383,946$ -$ 14,030$ -$ Other Expenses 65,900 65,900 46,158 10,476 9,266 -
Animal Care and ControlSalaries and Wages 265,513 40,513 24,642 - 15,871 - Other Expenses 479,286 879,286 441,540 340,993 96,753 -
Food and NutritionSalaries and Wages 83,000 33,000 16,886 - 16,114 - Other Expenses 54,759 54,759 20,273 3,331 31,155 -
DEPARTMENT OF PUBLIC SAFETYO.S.H.A.
Fire - Other Expenses 450,000 450,000 449,294 706 - - Uniform Fire Safety Act
Salaries and Wages 250,000 250,000 250,000 - - - Communications and Technology
Salaries and Wages 6,203,385 6,203,385 6,081,871 - 121,514 - Other Expenses 3,624,546 3,624,546 3,254,424 225,258 144,864 -
Parking EnforcementSalaries and Wages 3,339,409 3,339,409 3,222,622 - 116,787 - Other Expenses 266,200 266,200 110,483 80,907 74,810 -
Director's OfficeSalaries and Wages 1,044,008 1,044,008 1,031,535 - 12,473 - Other Expenses 6,300 6,300 1,606 3,804 890 -
FireSalaries and Wages 66,587,948 66,087,948 64,695,745 - 1,392,203 - Other Expenses 1,077,020 1,077,020 654,083 305,709 117,228 -
PoliceSalaries and Wages 107,890,900 107,415,900 106,212,024 - 1,203,876 - Other Expenses 1,154,758 1,154,758 529,908 439,975 184,875 -
HOUSING, ECONOMIC DEVELOPMENT AND COMMERCEDirector's Office
Salaries and Wages 432,618 452,618 447,777 - 4,841 - Other Expenses 12,950 12,950 8,436 2,160 2,354 -
Construction Code OfficialSalaries and Wages 2,537,674 2,462,674 2,391,865 - 70,809 - Other Expenses 101,679 101,679 60,844 21,891 18,944 -
Tenant/Landlord RelationsSalaries and Wages 312,207 312,207 278,326 - 33,881 - Other Expenses 6,600 6,600 6,501 1 98 -
Community DevelopmentOther Expenses 1,500 1,500 870 - 630 -
CommerceSalaries and Wages 577,945 577,945 552,636 - 25,309 - Other Expenses 17,655 17,655 11,840 659 5,156 -
Economic DevelopmentSalaries and Wages 191,728 191,728 180,797 - 10,931 - Other Expenses 2,300 2,300 982 738 580 -
City PlanningSalaries and Wages 998,721 923,721 844,664 - 79,057 - Other Expenses 12,800 12,800 6,303 2,793 3,704 -
Housing Code EnforcementSalaries and Wages 722,695 782,695 732,320 - 50,375 - Other Expenses 40,500 40,500 29,876 3,421 7,203 -
Planning BoardOther Expenses 83,500 83,500 66,647 14,825 2,028 -
Board of AdjustmentOther Expenses 82,500 82,500 70,562 10,246 1,692 -
Historic District CommissionOther Expenses 1,000 1,000 293 - 707 -
Zoning OfficerSalaries and Wages 353,825 358,825 355,603 - 3,222 - Other Expenses 8,038 8,038 7,000 762 276 -
See Accompanying Notes to Financial Statements
18
Exhibit A-3Sheet 4 of 7
UnexpendedAdopted Budget After Paid or BalanceBudget Modification Charged Encumbered Reserved Canceled
Appropriations Expended
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF APPROPRIATIONS - REGULATORY BASIS
INSURANCEInsurance - All Departments 12,696,854$ 12,696,854$ 10,684,496$ 1,020,446$ 991,912$ -$ Employee Group Health Insurance 93,101,688 93,101,688 74,578,329 15,823,801 2,699,558 - Health Benefit Waiver 1,650,000 1,650,000 1,617,442 - 32,558 -
UNCLASSIFIEDMunicipal Publicity 30,000 30,000 7,932 2,500 19,568 - Other Municipal Advertising 25,000 25,000 - - 25,000 - Celebration of Public Events 350,000 350,000 340,640 8,749 611 - Professional Affiliations 21,000 21,000 8,784 - 12,216 - Ethical Standards Board 20,000 20,000 4,500 13,500 2,000 - Electricity 3,000,000 3,000,000 1,634,881 386,119 979,000 - Street Lighting 3,400,000 3,400,000 3,066,984 133,014 200,002 - Municipal Rent 2,911,049 2,911,049 2,605,005 58,634 247,410 - Gasoline 1,500,000 1,500,000 858,326 186,666 455,008 - Communications 1,096,000 1,096,000 602,877 425,847 67,276 - Office Services 2,863,286 2,796,253 1,843,544 480,713 471,996 - Salary Adjustment 4,000,000 2,500,000 290 - 2,499,710 - Accumulated Absence Reserve 8,561,022 10,061,022 10,061,022 - - -
(B) Contingent 50,000 50,000 - - 50,000 -
Total Operations IncludingContingent within "CAPS" 419,525,403 419,523,370 375,334,511 26,654,920 17,533,939 -
Detail:Salaries and Wages 241,309,446 239,314,446 232,164,615 - 7,149,831 - Other Expenses 178,215,957 180,208,924 143,169,896 26,654,920 10,384,108 -
(E) Deferred Charges and Statutory Expenditures within "CAPS" (1) DEFERRED CHARGES
Expenditure without Appropriation 6,738,978 6,738,978 6,738,978 - - - Prior Years' Bills 7,270 9,303 9,303 - - -
(2) STATUTORY EXPENDITURESContribution to:
Social Security System (O.A.S.I.) 5,400,000 5,400,000 5,400,000 - - - Consolidated Police and Fire Fund 58,994 58,994 - - 58,994 - Police/Fire Retirement System (PFRS) 38,879,673 38,879,673 38,869,751 - 9,922 - Municipal Employees Pension Fund 9,054,000 9,054,000 9,054,000 - - - Employees Non-Contributory Pension 230,000 230,000 164,927 - 65,073 - Pensioned Employees 64,740 64,740 59,522 - 5,218 - Payments to Widows and Dependents of
Deceased Public Safety Members 779 779 719 - 60 -
(E) Deferred Charges and Statutory Expenditures within "CAPS" (2) STATUTORY EXPENDITURES (continued)
Contribution to:Unemployment Compensation Insurance 50,000 50,000 50,000 - - - Public Employees Retirement (PERS) 4,070,903 4,070,903 4,048,980 - 21,923 - Defined Benefit Contribution Plan 65,000 65,000 42,458 - 22,542 -
64,620,337 64,622,370 64,438,638 - 183,732 -
(H-1)TOTAL GENERAL APPROPRIATIONSFOR MUNICIPAL PURPOSES WITHIN "CAPS" 484,145,740 484,145,740 439,773,149 26,654,920 17,717,671 -
(A) Operations - Excluded From "CAPS"GENERAL GOVERNMENT:
Maintenance of Free Public Library 8,966,755$ 8,966,755$ 8,865,420$ -$ 101,335$ -$ Reserve for Tax Appeals 400,000 400,000 14,683 - 385,317 - Tax Overpayments 2,000,000 2,000,000 1,173,586 - 826,414 -
11,366,755 11,366,755 10,053,689 - 1,313,066 -
See Accompanying Notes to Financial Statements
19
Exhibit A-3Sheet 5 of 7
UnexpendedAdopted Budget After Paid or BalanceBudget Modification Charged Encumbered Reserved Canceled
Appropriations Expended
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF APPROPRIATIONS - REGULATORY BASIS
PUBLIC AND PRIVATE APPROPRIATIONS OFFSET BY REVENUESFederal and State Grants Fund
Distracted Driving Grant 5,500$ 5,500$ 5,500$ -$ -$ -$ Health Corner Store Initiative 5,000 5,000 5,000 - - - Highlands TDR Feasibility 40,000 40,000 40,000 - - - Innovation Team Grant 676,394 676,394 676,394 - - - Recreational Opportunities for Individuals
with Disabilities (ROID Grant) 24,000 24,000 24,000 - - - Municipal Drug Alliance
Grant Funds - 213,903 213,903 - - - City Match - 53,476 53,476 - - -
NJDOT - Journal Square Pedestrian Safety - 220,000 220,000 - - - Hudson Regional Health Commission
OLPHW -STD - 47,791 47,791 - - - Drunk Driver Enforcement Fund 14,625 14,625 14,625 - - - Urban Area Security Initiative (UASI) - 1,710,000 1,710,000 - - - Recycling Tonnage Grant 298,152 298,152 298,152 - - - Community Service Block Grant (CSBG) 529,955 925,281 925,281 - - - AARP - Tree Planting - 3,000 3,000 - - - NJDOH - Woman, Infants & Children (WIC) - 1,802,583 1,802,583 - - - Summer Food Program 626,915 626,915 626,915 - - - Senior Nutrition
Grant Funds 1,531,798 1,531,798 1,531,798 - - - Food Insecurity Nutrition 8,425 8,425 8,425 - - - YMCA State Alliance Healthy NJ Contest - 500 500 - - - Tarentino Community Policing Grant - 10,000 10,000 - - - Healthy Community 1,033 1,033 1,033 - - - Sub-Regional Transportation
Grant Funds - 99,328 99,328 - - - City Match - 22,632 22,632 - - -
JTPA - 2,965,248 2,965,248 - - - Port Security Fire 225,000 225,000 225,000 - - - Port Security Police 163,431 163,431 163,431 - - - Cities of Service - Vista 25,000 25,000 25,000 - - - Green Acres - Berry Lane 1,100,000 1,100,000 1,100,000 - - - Body Worn Cameras Program - 100,000 100,000 - - - Body Armor Replacement - 71,364 71,364 - - - STD Education 122,183 122,183 122,183 - - - STD Screening - High Risk - 45,000 45,000 - - - Municipal Aid - Various Streets 1,038,402 1,038,402 1,038,402 - - - Local Safety Program - MLK Drive - 399,714 399,714 - - - Local Safety Program - Communipaw Ave. - 736,383 736,383 - - - Clean Communities Program 387,918 387,918 387,918 - - - Summer Works Initiative 190,000 190,000 190,000 - - - Comprehensive Traffic Safety 26,700 26,700 26,700 - - - Make-A-Splash - 3,380 3,380 - - - CLPP (Porsche) - 194,025 194,025 - - -
Trust Fund (Housing and Urban Development Grants):Community Development Block Grant - 5,034,144 5,034,144 - - - Home Investment Partnerships - 1,354,363 1,354,363 - - - Housing Opportunities for
Persons with Aids - 2,420,486 2,420,486 - - - Emergency Solutions Grant - 457,848 457,848 - - -
Matching Funds for Grants 104,000 27,892 - - 27,892 - 7,144,431 25,428,817 25,400,925 - 27,892 -
Total Operations - Excluded from "CAPS" 18,511,186 36,795,572 35,454,614 - 1,340,958 -
Detail:Other Expenses 18,511,186 36,795,572 35,454,614 - 1,340,958 -
See Accompanying Notes to Financial Statements
20
Exhibit A-3Sheet 6 of 7
UnexpendedAdopted Budget After Paid or BalanceBudget Modification Charged Encumbered Reserved Canceled
Appropriations Expended
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF APPROPRIATIONS - REGULATORY BASIS
(C) Capital Improvements - Excluded from "CAPS"Capital Improvement Fund 300,000$ 300,000$ 300,000$ -$ -$ -$
300,000 300,000 300,000 - - -
(D) Municipal Debt ServiceGeneral Debt Service:
Serial Bonds - General Qualified 5,162,000 5,162,000 5,162,000 - - - Serial Bonds - General Refunding 24,895,000 24,895,000 24,895,000 - - - Serial Bonds - General Principal 4,235,000 4,235,000 4,235,000 - - - Serial Bonds - General Interest 4,053,588 4,053,588 4,053,588 - - - Fire Pension Refunding Bonds - Interest 916,226 916,226 916,226 - - - Police Pension Refunding Bonds - Interest 1,140,485 1,140,485 1,140,485 - - - Interest on Bonds - General Qualified 1,148,937 1,148,937 1,148,937 - - - Interest on Bonds - General Refunding 7,226,196 7,226,196 7,226,196 - - - Interest on Notes - General and Refunding 622,104 622,104 622,104 - - - Bond Anticipation Notes - Principal 1,997,166 1,997,166 1,997,166 - - - Green Trust Loan Repayments for Principal and Interest
Montgomery Gateway 3,111 3,111 3,111 - - - Multi Parks 38,243 38,243 38,243 - - - Wayne Street Park 9,022 9,022 9,022 - - - Apple Tree House 14,670 14,670 14,670 - - - Roberto Clemente Park 17,662 17,662 17,662 - - - Sgt. Anthony Park 9,018 9,018 9,018 - - - Marion Pavonia Pool 26,428 26,428 26,428 - - - Berry Lane 8,084 8,084 8,084 - - -
Build America Bonds - Principal 1,690,000 1,690,000 1,690,000 - - - Build America Bonds - Interest 5,895,767 5,895,767 5,895,767 - - - Police/Fire Pension Refunding Bonds-Prin. 1,655,000 1,655,000 1,655,000 - - - Assessment Bonds - Principal 595,000 595,000 595,000 - - - Assessment Bonds - Interest 453,243 453,243 453,243 - - -
Water Debt Service:Serial Bonds - General Qualified 3,415,000 3,415,000 3,415,000 - - - Serial Bonds - Refunding 1,025,000 1,025,000 1,025,000 - - - Interest on Bonds - Refunding 460,431 460,431 460,431 - - - Interest on Bonds - Qualified 289,524 289,524 289,524 - - -
67,001,905 67,001,905 67,001,905 - - -
(E) Deferred Charges - Municipal - Excluded from "CAPS"Emergency Authorizations (N.J.S.40A:4-55) 6,897,496 6,897,496 6,897,496 - - - Emergency Authorizations - H. Sandy 35,000 35,000 35,000 - - -
6,932,496 6,932,496 6,932,496 - - -
(H-2)TOTAL GENERAL APPROPRIATIONS FOR MUNICIPALPURPOSES - EXCLUDED FROM "CAPS" 92,745,587 111,029,973 109,689,015 - 1,340,958 -
See Accompanying Notes to Financial Statements
21
Exhibit A-3Sheet 7 of 7
UnexpendedAdopted Budget After Paid or BalanceBudget Modification Charged Encumbered Reserved Canceled
Appropriations Expended
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
STATEMENT OF APPROPRIATIONS - REGULATORY BASIS
(K) Local District School Purposes - Excluded from "CAPS"TYPE 1 DISTRICT SCHOOL DEBT
Serial Bonds - School Qualified 6,325,000$ 6,325,000$ 6,325,000$ -$ -$ -$ Interest on Bonds - School Qualified 780,819 780,819 780,819 - - -
7,105,819 7,105,819 7,105,819 - - -
(O) TOTAL GENERAL APPROPRIATIONS - EXCLUDED FROM "CAPS" 99,851,406 118,135,792 116,794,834 - 1,340,958 -
(L) Subtotal General Appropriations 583,997,146 602,281,532 556,567,983 26,654,920 19,058,629 -
(M) Reserve for Uncollected Taxes 4,880,770 4,880,770 4,880,770 - - -
TOTAL GENERAL APPROPRIATIONS 588,877,916$ 607,162,302$ 561,448,753$ 26,654,920$ 19,058,629$ -$
Ref. A-19 A
Budget As Adopted A-2 588,877,916$ 4,880,770$ A-2a Reserve for Uncollected TaxesAdded by N.J.S.A. 40A:4-87 A-2 18,284,386 174,657,393 A-4 Cash DisbursementsAdded by N.J.S.A. 40A:4-53, Special Emergency A-16 - 46,019,272 A-15 Qualified Bonds Paid by State
607,162,302 6,773,978 A-16 Deferred ChargesLess: Appropriations Canceled - (16,578,089) A-17 Reimbursements - Interfunds
A-1 607,162,302$ 300,000 A-17 Capital Improvement Fund
319,994,504 A-17 Payroll Clearing25,400,925 A-17 State and Federal Grants
561,448,753$
See Accompanying Notes to Financial Statements
22
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CITY OF JERSEY CITY
REPORT OF AUDIT
FINANCIAL SECTION: TRUST FUND FINANCIAL STATEMENTS
Exhibit BSheet 1 of 2
CITY OF JERSEY CITYTRUST FUND
AS OF DECEMBER 31, 2017 AND 2016
COMPARATIVE BALANCE SHEET - REGULATORY BASIS
2017 2016Ref.
Assets:
Animal Control Fund:Cash and Cash Equivalents B-1 59,073$ 47,394$
Other Funds:Cash and Cash Equivalents:
Other Trust 34,070,443 34,789,030 Insurance Trust 815,641 209,610 Unemployment Insurance Trust 1,583,380 1,487,828 Law Enforcement Trust 2,119,528 2,181,799 Community Development Block Grant 1,951,142 1,974,836 Home Investments Partnership Program 893,862 734,234 HOPWA Grant 54,242 54,242 Martin Luther King (MLK) 93,534 99,444
Total Cash and Cash Equivalents B-1 41,581,772 41,531,023 Federal Grants Receivable B-7 36,488,560 37,397,181 Deferred Charges B-8 153,900 - Interfunds Receivable B-9 689,154 106,404
78,913,386 79,034,608
Payroll Clearing Fund:Cash and Cash Equivalents B-1 12,994,428 2,171,384 Interfunds Receivable B-18 72,567 97,938
13,066,995 2,269,322
Open Space, Recreation and Historic Preservation Trust FundInterfunds Receivable B-21 623,000 -
Total Trust Fund Assets 92,662,454$ 81,351,324$
See Accompanying Notes to Financial Statements23
Exhibit BSheet 2 of 2
CITY OF JERSEY CITYTRUST FUND
AS OF DECEMBER 31, 2017 AND 2016
COMPARATIVE BALANCE SHEET - REGULATORY BASIS
2017 2016Ref.
Liabilities and Reserves
Animal Control Fund:Interfunds Payable B-2 96$ 13$ Due to State of New Jersey B-3 197 172 Reserve for Encumbrances B-4 3,344 8,131 Reserve for Expenditures B-5 41,499 25,068 Prepaid Licenses B-6 13,937 14,010
59,073 47,394
Other Funds:Interfunds Payable B-9 923,295 109,756 Intergovernmental Payables B-10 654,248 265,929 Reserve for Encumbrances B-11 17,456,304 23,387,753 Reserve for:
Dedicated Revenues and Special Deposits B-12 27,795,185 25,729,642 Insurance Expenditures B-16 815,641 210,095 Unemployment Expenditures B-14 1,199,934 1,476,191 Federal Forfeitures B-15 1,087,612 916,785 State Forfeitures B-15 1,591,462 1,195,875 Federal Grant Expenditures B-13 27,389,705 25,742,582
78,913,386 79,034,608
Payroll Clearing Fund:Interfunds Payable B-18 11,469,449 71 Due to Library B-19 79,270 63,538 Reserve for Payroll Deductions B-20 1,518,276 2,205,713
13,066,995 2,269,322
Open Space, Recreation and Historic Preservation Trust FundReserve for Expenditures B-22 623,000 -
Total Trust Fund Liabilities and Reserves 92,662,454$ 81,351,324$
See Accompanying Notes to Financial Statements24
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CITY OF JERSEY CITY
REPORT OF AUDIT
FINANCIAL SECTION: GENERAL CAPITAL FUND FINANCIAL STATEMENTS
Exhibit C
CITY OF JERSEY CITYGENERAL CAPITAL FUND
AS OF DECEMBER 31, 2017 AND 2016
COMPARATIVE BALANCE SHEET - REGULATORY BASIS
2017 2016
Ref.Assets
Cash and Cash Equivalents C-2; C-3 56,313,000$ 69,544,114$ Deferred Charges to Future Taxation:
Funded C-4 422,696,779 468,414,405 Unfunded C-5 54,237,887 55,145,081
Deferred Charges to Future Water Rents - Unfunded C-6 - 1,461,658 Interfund Receivable C-8 329,337 - Due from Municipal Utilities Authority C-7 21,150,000 25,590,000
554,727,003$ 620,155,258$
Liabilities and ReservesInterfund Payable C-8 500,009$ 32,617$ Reserve for Encumbrances C-17 14,466,259 16,023,817 Improvement Authorizations:
Funded C-9 34,333,334 47,065,617 Unfunded C-9 28,343,765 29,430,993
School Serial Bonds Payable C-12 20,830,000 27,155,000 General Serial and Term Bonds Payable C-13 352,980,000 390,017,000 Pension Refunding Bonds C-14 36,710,000 38,365,000 Water Serial Bonds Payable C-15 21,150,000 25,590,000 Local Improvement Bonds C-16 11,226,000 11,821,000 Green Trust Loans Payable C-11 950,779 1,056,405 Bond Anticipation Notes C-10 24,901,000 26,898,194 Capital Improvement Fund C-20 377,066 77,066 Reserve for Retirement of Debt C-19 3,528,302 - Other Reserves C-18 3,002,382 5,316,308
553,298,896 618,849,017 Fund Balance C-1 1,428,110 1,306,241
Total Liabilities, Reserves, and Fund Balance 554,727,006$ 620,155,258$
Bonds and Notes Authorized But Not Issued C-21 29,336,887$ 29,708,545$
See Accompanying Notes to Financial Statements25
Exhibit C-1
CITY OF JERSEY CITYGENERAL CAPITAL FUND
FOR THE YEARS ENDED DECEMBER 31, 2017 and 2016
COMPARATIVE STATEMENT OF CHANGES IN FUND BALANCE - REGULATORY BASIS
2017 2016Ref.
Receipts
Premiums on Bonds and Notes, Net of Closing Costs C-8 166,444$ 15,517$ Other Reserves Cancelled C-18 - 301,218
166,444 316,735
Expenditures
Fund Ord. No. 12-042 from Prior Year Premium - 1,941,950 Balance of Ordinance Paid from Bond Proceeds C-2; C-10 28 159 Ordinance No. 16.159 to Fully Fund the
Acquisition of Roll Off Trucks - 499,632 Current Fund Share of Premiums C-2 44,550 -
44,578 2,441,741
Change in Fund Balance 121,866 (2,125,006)
Fund Balance, January 1 C 1,306,241 3,431,247
Fund Balance, December 31 C 1,428,107$ 1,306,241$
See Accompanying Notes to Financial Statements26
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CITY OF JERSEY CITY
REPORT OF AUDIT
FINANCIAL SECTION: FIXED ASSETS
FINANCIAL STATEMENTS
Exhibit D
2017 2016Ref.
Assets
Land D-1 127,760,200$ 138,916,522$ Improvements D-1 231,648,416 130,980,911 Machinery and Equipment D-1 54,923,714 79,395,979
Total Assets 414,332,330$ 349,293,412$
Investment in Fixed Assets:
Investment in Fixed Assets D-2 414,332,330$ 349,293,412$
CITY OF JERSEY CITYGENERAL FIXED ASSETS
AS OF DECEMBER 31, 2017 AND 2016
COMPARATIVE BALANCE SHEET - REGULATORY BASIS
See Accompanying Notes to Financial Statements27
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CITY OF JERSEY CITY
REPORT OF AUDIT
FINANCIAL SECTION: NOTES TO FINANCIAL STATEMENTS
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES REPORTING ENTITY The City of Jersey City (the “City”) is organized as a Mayor – Council municipality under the provisions of N.J.S.A. 40:69A. The City is governed by an elected Mayor and Council, and by such other officers and employees as may be duly appointed. The Council consists of nine members, six of whom are elected from the City’s six wards and three of whom are elected at-large by voters of the City. The Mayor is also elected directly by the voters of the City. The Mayor and each Council member serve a term of four years beginning on the first day of July next following their election. The financial statements of the City include every board, body, officer or commission supported and maintained wholly or in part by funds appropriated by the City, as required by N.J.S.A. 40A:5-5. The Governmental Accounting Standards Board (herein referred to as “GASB”) establishes criteria to be used to determine which component units should be included in the financial statements of the primary government (the City). The State of New Jersey, Department of Community Affairs, Division of Local Government Services (the “Division”) requires the financial statements of the City to be reported separately from it component units. If the provisions of GASB had been complied with, the financial statements of the following component units would have been discretely presented with the financial statements of the City:
Jersey City Incinerator Authority (1) Jersey City Free Public Library Exchange Place Alliance SID Jersey City Employment & Training Program, Inc. Jersey City Central Ave SID Jersey City Economic Development Corp
Jackson Hill Main Street SID Jersey City Municipal Utilities Authority Journal Square SID Jersey City Employees' Retirement System McGinley Square SID Jersey City Housing Authority Historic Downtown SID Jersey City Redevelopment Agency
(1) The City dissolved and assumed control of the Jersey City Incinerator Authority on April 1, 2016.
Audit reports of the component units are available at the offices of each of the respective component units. The Jersey City Board of Education became a Type II School District effective November 4, 2008, rendering the entity no longer a component unit of the City. However, material outstanding bonds remain on the City’s books which were originally issued prior to this date when the City operated as a Type I School District, at which time it met the criteria for inclusion as a component unit. See also “Note O. Related Party Transactions”.
28
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) BASIS OF PRESENTATION The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. GASB codification establishes three fund categories to be used by general purpose governmental units when reporting financial position and results of operations in accordance with accounting principles generally accepted in the United States of America (GAAP). The financial statements of the City have been prepared in conformity with accounting principles and practices prescribed by the Division, which differ from GAAP. The principles and practices prescribed by the Division are designed primarily for determining compliance with legal provisions and budgetary restrictions and as a means of reporting on the stewardship of public officials with respect to public funds. Under this method of accounting, the City accounts for its financial transactions through the following separate funds and account group, which differ from the fund structure required by GAAP. DESCRIPTION OF FUNDS Current Fund - is used to account for all resources and expenditures for governmental operations of a general nature. Federal and State Grants Fund – is used to account for receivables due from grantor agencies and the balance of grant awards available for spending, after first having been formally adopted by Current Fund budget or subsequent insertion in the budget in accordance with N.J.S.A. 40A:4-87. This fund is presented within the City’s Current Fund statements and schedules. General Capital Fund - is used to account for the receipt and disbursement of funds for the acquisition of general capital facilities, other than those acquired in the Current Fund or other funds. Also included in this fund are bonds and notes payable offset by deferred charges to future taxation and deferred charges to future water rents. General Fixed Assets - is not a separate fund type, but is an account group used to account for all fixed assets of the City.
29
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) DESCRIPTION OF FUNDS (continued) Trust Funds - are used to account for receipts, custodianship and disbursement of dedicated revenues in accordance with the purpose for which each reserve was created, subject to available cash in each individual trust fund reserve established pursuant to applicable state statutes or as an agent for individuals and other governmental agencies. The City has the following Trust Funds:
Animal Control Trust Fund – is used to account for fees collected from dog and cat licenses and expenditures which are regulated by N.J.S.A 4:19-15.11.
Trust Fund – Other Funds – is used to account for the assets and resources held by the City in a trustee or agent capacity. Included in this fund are monies collected and disbursed for the purposes of: employee and employer contributions and obligations resulting from the administration of unemployment benefits, Council on Affordable Housing and NJHMFA fees, tax sale redemption and premiums, restitution, dedicated penalties, bid deposits, developer and other escrow accounts, the parking offenses adjudication act, public defender fees, self-insurance reserves, federal and state forfeitures, federal community block grant programs, miscellaneous other items and donations of various sorts and the outside employment of off-duty police officers whereas fees are charged contractors for the use of police officers and vehicles and police officer overtime is then paid from these contractor’s fees. Payroll Clearing Fund – is an agency fund established to account for assets transferred by the City from its other funds for the payment of employee payrolls and as agent of federal and state governments in the collection and remittance of employee withholding taxes, retirement contributions, social security taxes and other required remittances. Municipal Open Space, Recreation and Historic Preservation Fund - is used to account for the receipt of funds raised through a dedicated tax and corresponding expenditures as allowable under N.J.S.A. 40A:12-15.7 and as authorized by referendum. This fund was established in 2017.
30
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) The accounts of the City are maintained in accordance with the Division’s principles of fund accounting to ensure observance of limitations and restrictions on resources available. The Division’s principles of fund accounting require that resources be classified for accounting and reporting purposes into funds in accordance with activities or objectives specified for the resources. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund balance (equity), revenues and expenditures. Resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. General Fixed Assets, on the other hand, is a financial reporting device designed to provide accountability for certain fixed assets and the investment in those fixed assets that are not recorded in the funds because they do not directly affect net expendable available financial resources. BASIS OF ACCOUNTING The City prepares its financial statements on a basis of accounting prescribed by the Division that demonstrates compliance with a modified accrual basis and the budget laws of the State of New Jersey, which is a special purpose framework of accounting other than accounting principles generally accepted in the United States of America. The current financial resources focus and modified accrual basis of accounting is generally followed with significant exceptions which are explained as follows: Revenues – Revenues are realized when received in cash except for certain amounts which are due from other governmental units. Receipts from Federal revenue sharing funds and other Federal and State grants are realized as revenue when anticipated in the budget. Receivables for property taxes and other amounts that are due to the City are recorded with offsetting reserves on the balance sheet of the Current Fund. Such amounts are not recorded as revenue until collected. Accordingly, no provision has been made to estimate that portion of receivables that are uncollectible. Taxes and payments in lieu of taxes collected in advance are recorded as cash liabilities in the financial statements. GAAP requires revenues to be recognized in the accounting period when they become measurable and available and in certain instances reduced by an allowance for doubtful accounts. Reserve for Uncollected Taxes – Reserve for Uncollected Taxes is required to provide assurance that cash collected for taxes in the current year will provide sufficient cash flow to meet expected obligations. The minimum amount of Reserve for Uncollected Taxes is determined on the percentage of collections experienced in the immediate preceding year, unless allowable alternative methods are utilized. A Reserve for Uncollected Taxes is not established under GAAP.
31
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Expenditures – Expenditures are recorded on the “budgetary” basis of accounting. Generally, expenditures are recorded when an amount is encumbered for goods or services through the issuance of a purchase order in conjunction with the encumbrance accounting system. Appropriation reserves covering unexpended appropriation balances are automatically created at the end of each year and recorded as liabilities, except for amounts which may be canceled by the governing body. Appropriations for principal and interest payments on general capital indebtedness are provided on the cash basis. GAAP requires expenditures in the current (or general) fund, to be recognized in the accounting period in which the fund liability is incurred, if measurable, except for un-matured interest on general long-term debt, which should be recognized when due. Encumbrances – Encumbrances are contractual orders outstanding at year end reported as expenditures through the establishment of an encumbrance payable. Outstanding encumbrances at year end are reported as a cash liability in the financial statements. Encumbrances do not constitute expenditures under GAAP. Appropriation Reserves – Appropriations are available until lapsed at the close of the succeeding year to meet specific claims, commitments or contracts incurred during the preceding fiscal year. Transfers are allowed between certain line items during the first three months of the fiscal year. Lapsed appropriation reserves are recorded as other credits to income. Appropriation Reserves do not exist under GAAP. Interfunds - Advances from the current fund are reported as interfunds receivable with offsetting reserves which are created by charges to operations. Income is recognized in the year the receivables are liquidated. Interfunds receivable in the other funds are not offset by reserves. GAAP does not require the establishment of an offsetting reserve. Inventories of Supplies - The costs of inventories of supplies for all funds are recorded as expenditures at the time the individual items are purchased. The costs of inventories are not included on the various balance sheets. GAAP requires the cost of inventories to be reported as a current asset and equally offset by a fund balance reserve. Property Acquired for Taxes – Property Acquired for Taxes is recorded in the current fund at the assessed valuation when the property was acquired and is subsequently updated for revaluations. The value of the property is fully reserved. GAAP requires such property to be recorded as a fixed asset at market value on the date of acquisition.
32
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Deferred Charges to Future Taxation (Funded and Unfunded) - Upon the authorization of general capital projects, the City establishes deferred charges for the costs of the capital projects to be raised by future taxation. Funded deferred charges relate to permanent debt issued, whereas unfunded deferred charges relate to temporary or non-funding of the authorized costs of capital projects. The City may levy taxes on all taxable property within the City to repay the debt. Annually, the City raises the debt requirements for that particular year in the current budget. As the funds are raised by taxation, the deferred charges are reduced. GAAP does not require the establishment of deferred charges to future taxation. Deferred Charges to Future Water Rents – Upon the authorization of water capital projects, the City establishes deferred charges for the costs of the capital projects to be raised by future water rents. Funded deferred water rents relate to permanent debt issued. The City may impose water rents on all water users within the City to repay the debt. GAAP does not require the establishment of deferred charges to future water rents. Improvement Authorizations – Improvement Authorizations in the general capital fund represent the unexpended balance of an ordinance appropriation and is similar to the unexpended portion of the budget in the current fund. GAAP does not recognize these amounts as liabilities. Long-Term Obligations - General long-term debt is recognized as a liability of the General Capital Fund for the full principal amount. Compensated Absences and Post-Employment Benefits - Compensated absences for vacation, sick leave and other compensated absences are recorded and provided for in the annual budget in the year in which they are paid, on a pay-as-you-go basis. Likewise, no accrual is made for post-employment benefits, if any, which are also funded on a pay-as-you-go basis. GAAP requires that the amount that would normally be liquidated with expendable financial resources to be recorded as an expenditure in the operating funds and the remaining obligations be recorded as long-term obligations. Net Pension Liabilities - Had generally accepted accounting principles been followed, the City’s share of its actuarially determined net pension liabilities for the Public Employees Retirement System (“PERS”) and Police and Fire Retirement System (“PFRS”) would be required to be accrued on the City’s balance sheet. Accounting practices prescribed by the Division of Local Government Services only require note disclosure of these liabilities and related actuarial information. The City appropriates annually the amounts required to be paid in any fiscal year in that year’s budget its share of PERS and PFRS obligations.
33
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) General Fixed Assets - Accounting for Governmental Fixed Assets as promulgated by the Division differs in certain respects from GAAP, and requires the inclusion of a statement of general fixed assets as part of the City’s basic financial statements. Fixed assets used in governmental operations (general fixed assets) are accounted for in an account group identified as “General Fixed Assets” and are not included within the records of any fund types. Purchases from these funds for fixed assets are recorded as expenditures within the fund. Public domain (infrastructure) general fixed assets consisting of certain improvements, other than improvements to buildings, such as improvements to roads, bridges, curbs and gutters, streets and sidewalks and drainage systems, are not capitalized. All fixed assets, except land, are valued at historical cost or estimated historical cost if actual historical cost is not available. Expenditures for construction in progress are recorded in the Capital Fund against authorizations under which the project was approved until such time as the construction is completed and put into operation. The City is required to maintain a subsidiary ledger of detailed records of fixed assets and to provide property management standards to control fixed assets. General fixed assets are defined as non-expendable personal property having a physical existence, a useful life of more than five years and an acquisition cost of $5,000 or more per unit. The City has developed a fixed assets accounting and reporting system based on an inspection and appraisal prepared by an independent appraisal firm. Fixed assets acquired through grants in aid or contributed capital have not been accounted for separately. No depreciation has been provided in the financial statements. GAAP requires the recording of infrastructure assets and requires capital assets be depreciated over their estimated useful life unless they are either inexhaustible or are infrastructure assets reported using the modified approach.
34
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Reserves (Other than Reserve for Receivables) - Reserves, other than reserve for receivables, are considered liabilities, and not as a reservation of fund balance. Reserves for Receivables – Receivables of the City, with the exception of certain intergovernmental receivables, are offset on the balance sheet with a credit that is created to preserve the revenue recognition basis required by the Division’s accounting policies. The reserve delays the recognition of these revenues until they are received in cash. Sale of Municipal Assets - The proceeds of the sale of municipal assets can be held until made available through a future budget appropriation. GAAP requires such proceeds to be recorded as revenue in the year of sale. Use of Estimates - The preparation of financial statements requires management to make estimates and assumptions that affect: the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Advertising Costs - Advertising costs are charged against the appropriate budget line as they occur. The City does not engage in direct-response advertising. Fund Balance - Fund equity represented on the financial statements consists solely of Fund Balance, which is not further categorized with respect to reservations (portions of fund equity not available for appropriation for expenditure or legally segregated for a specific future use) or designations (plans for future use of financial resources). Budgets and Budgetary Accounting – The City is required to adopt an annual budget and integrate it into the accounting system to provide budgetary control over revenues and expenditures. Budget amounts presented in the accompanying financial statements represent amounts adopted by the City and approved by the Division in accordance with the Local Budget Law. Budgets are adopted on the same basis of accounting utilized for the preparation of the City’s financial statements. The budgetary requirements herein outlined are applicable to only the Current Fund, and not the Trust Fund, Capital Fund or General Fixed Assets. Statutes further require the City to annually adopt a six-year capital plan. This plan allows the governing body to expend or incur obligations for capital purposes only. Such projects under the plan must be adopted through capital ordinance.
35
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) BASIS OF ACCOUNTING (continued) Budgets and Budgetary Accounting – continued The City must adhere to procedures for adoption of its annual budget as established by the Division. These procedures include statutory deadlines of: February 10 for introduction and approval and March 20 for adoption. These dates are subject to extension by the Division by approval of the Local Finance Board. Appropriations within the adopted budget cannot be modified until the final two months of the year at which time transfers between certain line items are allowed. Transfers from appropriations excluded from “CAPS” are prohibited unless they are between debt service appropriations. Under certain circumstances emergency authorizations and insertions of items of revenue and appropriation are allowed by authorization of the governing body, subject to approval of the Division. The City must prepare its budgets in compliance with applicable laws capping the amounts by which both the budgeted appropriations and the tax levy can be increased. A description of both “CAPS” follows: 1977 Appropriation "CAP": The 1977 Appropriation Cap is calculated using the formulas and provisions of N.J.S.A. 40A:4-45.1 through 4-45.43a. The law was originally adopted in 1976 and was most recently amended in 2003. Under this law, the City is permitted to increase its overall appropriations (with certain exceptions) by 2.5% or the “cost of living adjustment” (COLA), whichever is less. The COLA is calculated based on the traditional Federal government inflation calculation. The City can, when the COLA is less than or equal to 2.5%, increase its allowable inside-the-cap spending to 3.5%, upon passage of a COLA Rate Ordinance. 2010 Levy "CAP": The 2010 Levy Cap is calculated using the formulas and provisions of N.J.S.A 40A:4-45.44 through 45.47. It establishes limits on the increase in the total City amount to be raised by taxation (tax levy). The core of the levy cap formula is a 2% increase to the previous year’s amount to be raised by taxation, net of any applicable cap base adjustments and emergency or special emergency appropriations.
36
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) Cash and Investments - New Jersey governmental units are required to deposit public funds in a public depository. Public depositories are defined by statutes as any state or federally chartered bank, savings bank or an association located in New Jersey or a state or federally chartered bank, savings bank or an association located in another state with a branch office in New Jersey, the deposits of which are insured by the Federal Deposit Insurance Corporation (“FDIC”) and which receives or holds public funds on deposit, but does not include deposits held by the State of New Jersey Cash Management Fund. N.J.S.A. 40A:5-15.1 provides a list of securities which may be purchased by New Jersey municipal units. The City is also required to annually adopt a cash management plan and to deposit or invest its funds pursuant to the cash management plan. The cash management plan adopted by the City requires it to deposit funds as permitted in N.J.S.A 40:5-15.1, so long as the funds are deposited in public depositories protected from loss under the provisions of the Governmental Unit Deposit Protection Act (GUDPA). GUDPA was enacted in 1970 to protect governmental units from a loss of funds on deposit with a failed banking institution in New Jersey and requires all public depositories pledge collateral, having a market value of five percent of the average daily balance of collected public funds, to secure the deposits of governmental units. If a public depository fails, the collateral it has pledged, plus the collateral of all other public depositories in the collateral pool, is available to pay the full amount of their deposits to the governmental units. In 2009, legislation revised GUDPA to provide higher levels of security and oversight. The revised GUDPA ensures a common level of deposit risk for each bank choosing to accept local government deposits. It requires banks to fully collateralize deposits over $200 million, implements enforcement protocol which allows the Department of Banking and Insurance to institute risk-based collateral requirements promptly when a bank shows signs of stress, provides enhanced oversight by the Department of Banking and Insurance and permits GUDPA certificates to be provided through an online system. Cash Equivalents include certificate of deposits with a maturity date of three (3) month or less. Also see Note B - Cash and Cash Equivalents.
37
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) BASIC FINANCIAL STATEMENTS The GASB Codification also requires the financial statements of a governmental unit presented in the general purpose financial statements to be in accordance with GAAP. The City presents financial statements which are required by the Division and which differ from the financial statements required by GAAP. These financial statements are listed in the table of contents. Comparative Data - Comparative data for the prior year has been presented in the accompanying balance sheets and statements of operations in order to provide an understanding of changes in the City’s financial position and operations. Comparative data is not presented in all statements because their inclusion would make certain statements unduly complex and difficult to understand. Reclassifications – Certain reclassifications have been made to the prior year financial statement presentation to correspond to the current year’s format. These reclassifications had no effect on fund balance and changes in fund balance. Reconciliation of Accounting Basis – As described throughout Note A, substantial differences exist between GAAP and the budgetary basis prescribed by the Division. Reconciliation between the two would not be meaningful or informative and therefore is not provided herein. NOTE B. CASH AND CASH EQUIVALENTS DEPOSITS The City’s cash and cash equivalents on deposit are partially insured by the FDIC up to $250,000 for each depository. Deposits in excess of FDIC limits, as noted below, are insured or collateralized by a collateral pool maintained by public depositories as required by GUDPA (see Note A - Cash and Investments) or are on deposit with the New Jersey Cash Management Fund or Municipal Investors Service Corporation. Custodial Credit Risk - Custodial credit risk is the risk that, in the event of a bank failure, the City will not be able to recover deposits or collateral securities that are in the possession of an outside party. The City does not have a deposit policy for custodial credit risk.
38
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE B. CASH AND CASH EQUIVALENTS (continued) Deposits are exposed to custodial credit risk if they are not covered by depository insurance and the deposits are:
a. Uncollateralized. b. Collateralized with securities held by the pledging financial institution. c. Collateralized with securities held by the pledging financial institution’s trust
department or agent but not in the City’s name. The City’s cash and cash equivalents on deposit at December 31, 2017 and 2016 are summarized in the following table. As of December 31, 2017, 70% of the City’s deposits were with one financial institution and the remaining 30% of deposits were distributed among seven financial institutions. As of December 31, 2016, 53% of the City’s deposits were with one financial institution, 20% with another and 18% with a third. The remaining 9% of deposits were distributed among five financial institutions.
Foreign Currency Risk - Foreign currency risk is the risk that changes in exchange rates will adversely affect deposits. None of the City’s deposits as of December 31, 2017 and 2016 are known to be held in foreign currency. INVESTMENTS Custodial Credit Risk - In the case of investments, custodial credit risk is the risk that, in the event of failure of the counterparty, the City will not be able to recover the value of its investments or collateral securities in the possession of an outside party. Investments are exposed to custodial credit risk if they are uninsured, are not registered in the City’s name and are held by either the counterparty or its trust department or agent, but not in the City’s name.
2017 2016
FDIC Insured 1,541,460$ 1,893,799$ GUDPA Insured 238,554,562 241,326,094 New Jersey Cash Management Fund 114,697 113,730
240,210,719$ 243,333,623$
At December 31,
39
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE B. CASH AND CASH EQUIVALENTS (continued) INVESTMENTS (continued) New Jersey statutes permit the City to purchase the following types of securities when authorized by the cash management plan (described in note A):
Bonds or other obligations of the United States of America or obligations guaranteed by the United States of America.
Government money market mutual funds.
Any obligation that a federal agency or a federal instrumentality has issued in accordance with an act of Congress, which security has a maturity date not greater than 397 days from the date of purchase, provided that such obligation bears a fixed rate of interest not dependent on any index or other external factor.
Bonds or other obligations of the local unit or bonds or other obligations of school districts of which the local unit is a part or within which the school district is located.
Bonds or other obligations having a maturity date not more than 397 days from the date of purchase, approved by the Division of Investment of the Department of the Treasury for investment by local units. - Local Finance Notice 2017-24 further authorizes local governments, such as the City, to
invest in notes issued by New Jersey municipalities, counties, fire districts and boards of education without prior Division approval, so long as such investments are incorporated into a cash management plan.
- Debt obligations from the following local government entities are statutorily authorized to be incorporated into a cash management plan without being subject to a 397-day maturity limit: Parking Authorities, Sewerage and Utilities Authorities, County Improvement Authorities, Pollution control Financing Authority, certain Water Commissions, Municipal Port Authorities, Municipal Shared Service Energy Authority as well as bonds issued pursuant to the Local Redevelopment and Housing Law by authorities, redevelopment agencies, municipalities and counties.
Local government investment pools.
Deposits with the State of New Jersey Cash Management Fund.
Agreements for the repurchase of fully collateralized securities if (a) the underlying securities are permitted investments pursuant to the first and third bullets of this section, (b) the custody of collateral is transferred to a third party, (c) the maturity of the agreement is not more than 30 days, (d) the underlying securities are purchased through a public depository and (e) a master repurchase agreement providing for the custody and security of collateral is executed.
40
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE B. CASH AND CASH EQUIVALENTS (continued) Foreign Currency Risk - Investments are also exposed to the same foreign currency risk as deposits. It is the risk that changes in exchange rates will adversely affect investments. The City does not have any investments denominated in foreign currency as of December 31, 2017 and 2016. Interest Rate Risk – Interest rate risk is the risk that changes in interest rates will adversely affect the fair value of an investment. The City does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. Credit Risk – Credit risk is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. The City does not have an investment policy regarding the management of credit risk. Concentration of Credit Risk - The City places no formal limit on the amount it may invest in any one issuer. New Jersey Statutes limit municipal investments to those specified and summarily identified in the first paragraph of the “Investments” section of this Note. Currently, the City’s only investments consist of deposits in the New Jersey Cash Management Fund and MBIA Municipal Investors Service Corporation, which are both classified as Government Investment Pools. The City’s investments at December 31, 2017 and 2016 are presented as follows:
* Short-term investments are carried at cost, which approximates fair value. Government Investment Pools consists of investments in the New Jersey Cash Management Fund and MBIA Municipal Investors Service Corporation. Because of their liquidity, these investments are classified as cash and cash equivalents on the financial statements of the City. These investments are described in more detail as follows
Investment Type Fair Value* < 1 1 - 5 6 - 10 > 10
At December 31, 2017:Government Investment Pools 114,697$ 114,697$ -$ -$ -$
At December 31, 2016:Government Investment Pools 113,730$ 113,730$ -$ -$ -$
Investment Maturities (in Years)
41
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE B. CASH AND CASH EQUIVALENTS (continued) New Jersey Cash Management Fund - All investments in the New Jersey Cash Management Fund are governed by the regulations of the State Investment Council, which prescribe specific standards designed to insure the quality of investments and to minimize the risks related to investments. In addition to the Investment Council regulations, the Division of Investment sets further standards for specific investments and monitors the credit of all eligible securities issues on a regular basis. In all the years of the Division of Investment’s existence, it has never suffered a default of principal or interest on any short-term security held by it due to the bankruptcy of a securities issuer; nevertheless, the possibility always exists, and for this reason a reserve is being accumulated in the New Jersey Cash Management Fund as additional protection for the other-than-State participants, which includes the City. The City does not own specific identifiable securities, but instead has a net realizable interest in the joint value of the fund. There is no available credit rating for the New Jersey Cash Management Fund. As of December 31, 2017 and 2016, the City had a balance of $114,697 and $113,730, respectively, in the New Jersey Cash Management Fund. NOTE C. PROPERTY TAXES PROPERTY TAX CALENDAR Property tax revenues are collected in quarterly installments due February 1, May 1, August 1 and November 1. The City annually holds an accelerated tax sale which includes unpaid taxes, as well as assessments and other municipal charges, as of November 11 of the current year. The amount of tax levied includes not only the amount required in support of the City’s annual budget, but also the amounts required in support of the budget of the following entities: County Taxes - The City is responsible for levying, collecting and remitting county taxes for the County of Hudson. Operations is charged for the amount due the County for the year, based upon the ratables required to be certified to the County Board of Taxation by January 10 of the current year. Monies are forwarded to the County quarterly. In addition, operations is charged for the County share of Added and Omitted Taxes certified to the County Board of Taxation by October 10 of the current year, and due to be paid to the County by February 15 of the following year. As of December 31, 2017 and 2016, the City had County taxes payable of $1,490,205 and $1,070,539, respectively.
42
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE C. PROPERTY TAXES (continued) School Taxes - The City is responsible for levying, collecting and remitting school taxes for the local school district. Monies are forwarded to the school district monthly. Operations is charged for the full amount due to operate the local school district, and is based upon the annual County certification of apportionment of levies. As of December 31, 2017 and 2016, the City had no school taxes payable. Special Improvement District - The City is responsible for levying, collecting and remitting Special Improvement District (SID) taxes for the Central Ave SID, Journal Square Restoration Corp. SID, Historic Downtown / Newark Ave SID, McGinley Square Partnership SID and the Jackson Hill Main Street SID. The SID taxes are derived from assessments made upon the members within the SID. Monies are forwarded to the SIDs monthly. As of December 31, 2016 and 2015, the City had on reserve for SIDs $137,326 and $208,752, respectively. Municipal Open Space Taxes – In 2017, voters of the City approved a referendum for the collection of an additional $0.01 per 100 dollars of assessed valuation to be added to the tax levy and dedicated to provide funding for approved open space purposes. Operations is charged for the amount due to the Open Space Trust Fund, based upon the annual County certification of apportionment of levies. The municipal open space tax levied during the years ended December 31, 2017 and 2016 was $623,000 and $-0-, respectively. PROPERTY TAXES RECEIVABLE Reserve for Uncollected Taxes - Reserve for Uncollected Taxes is a non-spending item of appropriation required by statute to be included in the City’s annual budget. This appropriation protects the City from taxes not paid currently by providing assurance that cash collected in the current year will provide sufficient cash flow to meet obligations as they become due. The minimum amount required to be appropriated in the budget is determined on the percentage of collections experiences in the immediate preceding year, unless the three-year average option is chosen. For the years ended December 31, 2017 and 2016, the budgeted reserve for uncollected taxes was $4,880,770 and $3,847,492, respectively. Delinquent Taxes and Tax Title Liens - As described in Note A, taxes receivable and tax title liens are realized as revenue when collected. Uncollected receivables are fully reserved, so no provision is made for the uncollectible portions of these taxes. As of December 31, 2017 and 2016, property taxes receivable were $10,252,653 and $4,265,328, respectively, and tax title liens receivable were $37,154, each year.
43
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE C. PROPERTY TAXES (continued) Prepaid Taxes - Taxes collected in advance are recorded as cash liabilities in the financial statements. Prepaid taxes as of December 31, 2017 and 2016 were $14,023,865 and $2,953,483, respectively. Tax Overpayments - Overpaid taxes collected during the year and due to taxpayers either as a refund or tax credit are recorded as cash liabilities in the financial statements. Tax overpayments as of December 31, 2017 and 2016 were $2,176,043 and $2,377,608, respectively. Property Acquired by Tax Title Lien Liquidation – The City held its annual accelerated tax sale on December 19, 2017. The value of properties acquired by tax title liens at December 31, 2017 and 2016 were $1,455,500, each year. When such property is sold in the manner provided by statute and sales contracts are entered into in lieu of cash sales, a separate account must be maintained for “Sales Contracts Receivable – Property Acquired for Taxes”. The value of such receivables at December 31, 2017 and 2016 were $285,550, each year. NOTE D. MUNICIPAL DEBT SUMMARY OF MUNICIPAL DEBT The Local Bond Law governs the issuance of bonds to finance general municipal and utility capital expenditures. Most bonds are retired in serial installments within the statutory period of usefulness. Other bonds may be term bonds with sinking fund requirements. Bonds issued by the City are general obligation bonds, backed by the full faith and credit of the City. Bond Anticipation Notes, which are issued to temporarily finance capital projects, must be paid off within ten years or retired by the issuance of bonds. Qualified Bonds - Certain bonds of the City are issued pursuant to the Municipal Qualified Bond Act. Under this act, portions of State Aid revenues are withheld by the State of New Jersey and forwarded directly to paying agents for principal and interest payments of such bonds. The City is responsible to certify maturity schedules of the qualified bonds to the State. Qualified bonds are identified within each of bond schedules that follow. During the years ended December 31, 2017 and 2016, the State of New Jersey paid $46,019,272 and $48,039,760, respectively, of qualified bond interest and principal maturities on behalf of the City in lieu of direct State Aid payments to the City.
44
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) School Debt (Included as Obligations of the City) – In the general election of November 4, 2008, the Jersey City Board of Education was voted to become a Type II School District. As such, statutes require bonds and notes issued and authorized by the Board of Education to be included in the City’s statutory gross debt, but are not obligations of the City. Only the amount of school district debt exceeding the school district’s debt limit, if any, is included in the net debt of the City. However, prior to the general election of November 4, 2008, including its time as a State-Operated School District from October 4, 1989 through April 17, 2008, the Jersey City Board of Education operated as a Type I school district. Therefore any bonds and notes issued and authorized by the Board of Education prior to November 4, 2008, and still outstanding as of December 31, 2017 and 2016, remain general obligations of the City. Statutory Debt - At December 31, 2017 and 2016, the City’s statutory debt as defined by the Local Bond Law is summarized as follows:
Statutory Debt Pursuant to Local Bond Law
Issued and Authorized but Dec. 31, 2016
Issued: Outstanding Not Issued Total Total
General:General Improvement Bonds 352,980,000$ 27,749,629$ 380,729,629$ 416,676,629$ Green Trust Loans 950,779 - 950,779 1,056,405 Bond Anticipation Notes 24,901,000 - 24,901,000 26,898,194
Local Improvement Bonds 11,226,000 - 11,226,000 11,821,000 Water Improvement Bonds 21,150,000 - 21,150,000 27,051,658 School Improvement Bonds 20,830,000 1,587,258 22,417,258 28,742,258 Pension Refunding Bonds 36,710,000 - 36,710,000 38,365,000
Total Gross Statutory Debt Issued 468,747,779 29,336,887 498,084,666 550,611,144 Debt of JCMUA Guaranteed by City 150,221,941 - 150,221,941 199,455,227
618,969,720 29,336,887 648,306,607 750,066,371 Less Statutory Deductions to Debt Limit:
Debt of JCMUA Guaranteed by City 150,221,941 - 150,221,941 199,455,227 Due from JCMUA for Issued Water Debt 21,150,000 - 21,150,000 27,051,658 Bonds and Notes for School Purposes 20,830,000 1,587,258 22,417,258 28,742,258 NJSA40A:2-52 Refunding Bonds:
Pension Refunding 36,710,000 - 36,710,000 38,365,000
Net Statutory Bonds and Notes Issuedand Authorized but not Issued 390,057,779$ 27,749,629$ 417,807,408$ 456,452,228$
Dec. 31, 2017
45
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) In addition to the general capital debt shown in the preceding schedule, the City had additional debt which, in accordance with statutes, is not included as part of the City’s statutory debt position. All such debt is recorded in the Current Fund and is as follows:
Summary of Long-Term Debt - The following is a summary of changes in long-term debt for the year ended December 31, 2017:
The following is a summary of changes in long-term debt for the year ended December 31, 2016:
(1) New issues and retirements are shown net of amounts refunded, which are described more fully as follows.
Current Fund DebtIssued: Dec. 31, 2017 Dec. 31, 2016
Emergency Notes (40A:4-55):Severance Liabilities 9,700,000$ 14,700,000$ Revaluation of Properties 4,000,000 5,000,000 Superstorm Sandy - 897,496
13,700,000$ 20,597,496$
Balance (1) (1) Balance Due byDec. 31, 2016 New Issues Retirements Dec. 31, 2017 Dec. 31, 2018
School Serial Bonds 27,155,000$ -$ 6,325,000$ 20,830,000$ 4,900,000$ General Serial and Term Bonds 390,017,000 - 37,037,000 352,980,000 35,842,000 Pension Refunding Bonds 38,365,000 - 1,655,000 36,710,000 5,275,000 Water Serial Bonds 25,590,000 - 4,440,000 21,150,000 4,600,000 Local Improvement Bond 11,821,000 - 595,000 11,226,000 595,000 Green Trust Loans 1,056,405 - 105,626 950,779 103,239
494,004,405$ -$ 50,157,626$ 443,846,779$ 51,315,239$
Balance (1) (1) Balance Due byDec. 31, 2015 New Issues Retirements Dec. 31, 2016 Dec. 31, 2017
School Serial Bonds 39,510,000$ -$ 12,355,000$ 27,155,000$ 6,325,000$ General Serial and Term Bonds 397,630,950 26,777,000 34,390,950 390,017,000 35,982,000 Pension Refunding Bonds 39,775,000 - 1,410,000 38,365,000 1,655,000 Water Serial Bonds 28,645,000 190,000 3,245,000 25,590,000 4,440,000 Local Improvement Bond - 11,821,000 - 11,821,000 595,000 Green Trust Loans 1,159,951 - 103,546 1,056,405 105,626
506,720,901$ 38,788,000$ 51,504,496$ 494,004,405$ 49,102,626$
Scheduled Amortization 49,705,546$ Additional Principal Paid on Refunding 1,798,950
51,504,496$
46
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) Debt Refunding – On July 13, 2017, the City issued General Improvement Refunding Bonds, Taxable Series 2017A, in the amount of $70,915,000, the proceeds of which, together with premiums of $1,055,000 refunded $71,970,000 of the General Improvement ‘Build America’ Bonds, Taxable Series 2010B issued on November 3, 2010 in the original amount of $84,495,000. Proceeds were also used to pay certain costs associated with the issuance of the bonds. On May 13, 2016, the City issued General Obligation Refunding Bonds, Series 2016, in the amount of $32,335,000, consisting of:
$26,000,000 General Improvement Refunding Bonds, Series 2016A, the proceeds of which refunded $24,418,000 of the callable Qualified General Improvement Bonds, Series 2009 issued on February 10, 2009 in the original amount of $39,928,000, and $2,705,950 of the callable Qualified General Improvement Bonds, Series 2009A issued on December 30, 2009 in the original amount of $3,380,950.
$6,335,000 Water Improvement Refunding Bonds, Series 2016B, the proceeds of which refunded $6,580,000 of callable Qualified Water Refunding Bonds, Series 2006D issued on March 30, 2006 in the original amount of $6,660,000.
Proceeds were also used to pay certain costs associated with the issuance of the bonds. On November 2, 2016, the City issued Refunding Bonds consisting of:
$18,635,000 General Improvement Refunding Bonds, Taxable Series 2016A, the proceeds of which refunded $17,725,000 of the Qualified General Improvement Bonds, Series 2007A issued on April 25, 2007 in the original amount of $27,680,000.
$3,945,000 Water Refunding Bonds, Taxable Series 2016B, the proceeds of which refunded $3,755,000 of Qualified Water Refunding Bonds, Series 2007B issued on April 25, 2007 in the original amount of $10,930,000.
Proceeds were also used to pay certain costs associated with the issuance of the bonds. On November 17, 2016, the City issued $11,821,000 of Local Improvement Bonds, Series 2016A for the purposes of funding Ordinance No. 01-057 adopted on June 15, 2001 authorizing the Greene Street Local Improvement Project. The City also renewed or refunded Bond Anticipation Notes in the amount of $24,901,000. Proceeds of the renewed or refunded notes were used to pay the principal of the maturing notes less statutory minimum payments appropriated through the Current Fund budget. Bond Anticipation Notes are more fully discussed herein.
47
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) BONDS PAYABLE General Serial and Term Bonds Payable - The City has outstanding at December 31, 2017 and 2016 various general serial and term bonds. The following table, which includes fiscal year adjustment bonds in addition to the general improvement bonds, is a summary of the activity for such debt during the year ended December 31, 2017 and the short term liability for each bond outstanding at year end:
Balance Balance Due by Description Dec. 31, 2016 Increase Decrease Dec. 31, 2017 Dec. 31, 2018
Qualified Fiscal Year Adjustment 1,775,000$ -$ 410,000$ 1,365,000$ 430,000$ Refunding Bonds, Taxable Series 2004DIssued 10/15/2004 for $5,515,000Maturing annually from 2004 to 2020Bearing interest rates of 4.306-5.246%
Qualified Fiscal Year Adjustment 1,710,000 - 395,000 1,315,000 415,000 Refunding Bonds, Taxable Series 2004DIssued 10/15/2004 for $5,330,000Maturing annually from 2004 to 2020Bearing interest rates of 4.306-5.246%
Qualified Fiscal Year Adjustment 2,120,000 - 490,000 1,630,000 515,000 Refunding Bonds, Taxable Series 2004DIssued 10/15/2004 for $6,570,000Maturing annually from 2004 to 2020Bearing interest rates of 4.306-5.246%
Qualified Public Improvement Refunding 72,595,000 - 10,425,000 62,170,000 10,280,000 Bonds, Taxable Series 2006BIssued 3/30/2006 for $72,595,000Maturing in one lump sum in 2021Bearing an interest rate of 5.49%
Qualified General Improvement Refunding 4,935,000 - 4,935,000 - - Bonds, Series 2007AIssued 4/25/2007 for $27,680,000Maturing annually from 2014 to 2023Bearing interest rates of 4-5.55%
Qualified General Improvement Refunding 1,585,000 - 1,585,000 - - Bonds, Series 2007AIssued 12/7/2007 for $26,242,000For funding of Ordinance No. 07-162Maturing annually on August 1 from 2010 to 2024Bearing interest rates of 4-4.25%
Qualified General Improvement Bonds 5,415,000 - 1,725,000 3,690,000 1,805,000 Series 2009Issued 12/29/2009 for $39,928,000
For funding of Ordinance No. 08-148Maturing annually on January 15 from 2011 to 2029Bearing an interest rate of 5%
2017 Summary of General Serial Bonds Activity
48
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued)
Balance Balance Due by Description Dec. 31, 2016 Increase Decrease Dec. 31, 2017 Dec. 31, 2018
Qualified General Improvement HCIA Bonds 695,000$ -$ 222,000$ 473,000$ 232,000$ Series 2009Issued 12/17/2009 for $2,000,000Maturing annually on August 1 from 2010 to 2019Bearing an interest rate of 8%
Qualified General Improvement Bonds 295,000 - 90,000 205,000 100,000 JCPA Tax Exempt, Series 2009A
Issued 12/17/2009 for $3,380,950For funding of Ordinance No. 09-109Maturing annually on July 15 from 2010 to 2029Bearing interest rates of 4-5%
Qualified General Improvement Bonds 300,000 - 100,000 200,000 100,000 JCPA Taxable, Series 2009A
For funding of Ordinance No. 09-109Issued 12/17/2009 for $1,000,000Maturing annually on July 15 from 2010 to 2019Bearing interest rates of 4.75-6.00%
General Improvement Bonds 80,490,000 - 73,660,000 6,830,000 2,180,000 Taxable Series 2010B, Build America BondsFor funding of Ordinance No. 09-068 and 10-081Issued 11/3/2010 for $84,495,000Maturing annually on Nov. 1, 2011-2027 and 2031, 2036, 2040Bearing interest rates of 3.25-7.25%
General Improvement Bonds,Taxable Series 2010C 6,420,000 - - 6,420,000 - Recovery Zone Economic Development BondsFor funding of Ordinance No. 09-068 and 10-081Issued 11/3/2010 for $6,420,000Maturing annually on Nov. 1, 2021-2025 and 2030, 2035, 2040Bearing interest rates of 3.25-7.25%
Qualified General Improvement Refunding 6,775,000 - 50,000 6,725,000 50,000 Bonds, Series 2011AIssued 12/30/2011 for $11,253,000To refund Qualified General Improvement Bonds dated 9/1/2003Maturing annually on Sept. 1, 2012-2019 and 2022
semiannually 2014Bearing interest rates of 1.75-4.00%
Qualified General Improvement Bonds, Series 2012 19,555,000 - 1,440,000 18,115,000 1,490,000 Issued 8/21/2012 for $24,875,000For partial funding of Ordinance No. 12-042Maturing annually on March 1, 2013-2027Bearing interest rates of 3.00-5.00%
Qualified General Improvement Refunding 14,510,000 - 1,425,000 13,085,000 1,480,000 Bonds, Series 2012AIssued 9/6/2012 for $16,405,000To refund Qualified General Improvement Bonds dated 5/15/2005Maturing annually on Sept. 1, 2013-2025
Bearing interest rates of 2.75-4.00%
2017 Summary of General Serial Bonds Activity - continued
49
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued)
Balance Balance Due by Description Dec. 31, 2016 Increase Decrease Dec. 31, 2017 Dec. 31, 2018
Qualified General Improvement Refunding 4,025,000$ -$ 170,000$ 3,855,000$ 170,000$ Bonds, Taxable Series 2012CIssued 9/6/2012 for $4,690,000Maturing annually on Sept. 1, 2013-2022 and 2033
Qualified Public Improvement Refunding 10,580,000 - 4,185,000 6,395,000 3,110,000 Bonds, Taxable Series 2013AIssued 3/20/2013 for $24,670,000Maturing annually on Sept. 1, 2014-2020
Bearing interest rates of 0.942-2.723%
General Improvement Bonds, Series 2014 27,715,000 - 2,085,000 25,630,000 2,145,000 Issued 12/11/2014 for $31,820,000
To Fund Ordinance No. 14.131
Maturing annually on Dec. 1, 2015-2027
Bearing interest rates of 3-5%
Qualified General Improvement Refunding Bonds 16,410,000 - 2,070,000 14,340,000 2,150,000 Tax-Exempt Series 2014A
Issued 11/20/2014 for $16,590,000
To refund Qualified General Improvement Bonds dated 11/2/2006
Maturing annually on August 1, 2015-2023
Bearing interest rates of 2-5%
Qualified Public Improvement Refunding Bonds, 29,015,000 - 340,000 28,675,000 350,000 Taxable Series 2014
Issued 11/20/2014 for $29,945,000
To refund Qualified Public Improvement Refunding Bonds dated 3/30/2006
Maturing annually on Sept. 1, 2015-2022
Bearing interest rates of 0.659-3.286%
General Improvement Refunding Bonds, 12,975,000 - - 12,975,000 1,630,000 Series 2015A
Issued 11/25/2015 for $13,060,000
To refund Qualified Public Improvement Refunding Bonds dated 12/07/2007
Maturing on Feb. 15, 2016 and annually therafter from 2018-2024
Bearing interest rates of 2.0%-4.0%
General Improvement Refunding Bonds, 25,620,000 - - 25,620,000 - Series 2016AIssued 5/13/2016 for $26,000,000To refund Qualified General Improvement Bonds dated 2/10/2009And to refund Qualified General Improvement bonds dated 12/30/2009Maturing on July 15, 2016 and annually on Jan. 15 from 2020 through 2029Bearing interest rates of 3.25%-5%
General Improvement Bonds, Series 2016 25,867,000 - 1,750,000 24,117,000 1,800,000 Issued 6/29/2016 for $25,867,000To fund Ordinance No. 16.083 Providing for Various Capital ImprovementsMaturing annually on July 15 from 2017 through 2029Bearing interest rates of 2%-4%
2017 Summary of General Serial Bonds Activity - continued
50
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued)
The following table is a summary of the activity for general serial and term bonds payable during the year ended December 31, 2016 and the short term liability for each bond outstanding at year end:
Balance Balance Due by Description Dec. 31, 2016 Increase Decrease Dec. 31, 2017 Dec. 31, 2018
General Improvement Refunding Bonds, 18,635,000$ -$ 400,000$ 18,235,000$ 5,410,000$ Taxable Series 2016AIssued 11/2/2016 for $18,635,000To refund Qualified General Improvement Bonds dated 4/25/2007Maturing annually on Sept.1 from 2017 through 2021 and 2023.Bearing interest rates of 1.137%-2.573%
General Improvement Refunding Bonds, - 70,915,000 - 70,915,000 - Taxable Series 2017A
(Refunding $71,970,000 of
Build America Bonds, Series 2010B,
Issued 11/03/2010 for $84,495,000
Refunding Ordinance No. 16.133)
- - - - -
390,017,000$ 70,915,000$ 107,952,000$ 352,980,000$ 35,842,000$
Refunded (70,915,000) (70,915,000)
New Debt/ Retired on Refunding - (1,055,000)
Increase and Decrease Net of Refunding -$ 35,982,000$
2017 Summary of General Serial Bonds Activity - continued
Balance Balance Due by Description Dec. 31, 2015 Increase Decrease Dec. 31, 2016 Dec. 31, 2017
General Qualified Refunding Bonds 2,865,000$ -$ 2,865,000$ -$ -$ Issued 12/01/2002 for $38,020,000Maturing annually from 2002 to 2016Bearing interest rates of 5-5.25%
Qualified Fiscal Year Adjustment 2,165,000 - 390,000 1,775,000 410,000 Refunding Bonds, Taxable Series 2004DIssued 10/15/2004 for $5,515,000Maturing annually from 2004 to 2020Bearing interest rates of 4.306-5.246%
Qualified Fiscal Year Adjustment 2,085,000 - 375,000 1,710,000 395,000 Refunding Bonds, Taxable Series 2004DIssued 10/15/2004 for $5,330,000Maturing annually from 2004 to 2020Bearing interest rates of 4.306-5.246%
Qualified Fiscal Year Adjustment 2,585,000 - 465,000 2,120,000 490,000 Refunding Bonds, Taxable Series 2004DIssued 10/15/2004 for $6,570,000Maturing annually from 2004 to 2020Bearing interest rates of 4.306-5.246%
2016 Summary of General Serial Bonds Activity
51
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued)
Balance Balance Due by Description Dec. 31, 2015 Increase Decrease Dec. 31, 2016 Dec. 31, 2017
Qualified Public Improvement Refunding 72,595,000$ -$ -$ 72,595,000$ 10,425,000$ Bonds, Taxable Series 2006BIssued 3/30/2006 for $72,595,000Maturing in one lump sum in 2021Bearing an interest rate of 5.49%
Qualified Fiscal Year Adjustment 5,190,000 - 5,190,000 - - Refunding Bonds, Taxable Series 2006EIssued 3/30/2006 for $27,305,000Maturing in one lump sum in 2016Bearing an interest rate of 5.38%
Qualified General Improvement Bonds 2,050,000 - 2,050,000 - - Series 2006AIssued 11/2/2006 for $32,163,000Maturing annually from 2006 to 2023Bearing interest rates of 4.125-4.25%
Qualified General Improvement Refunding 27,410,000 - 22,475,000 4,935,000 4,935,000 Bonds, Series 2007AIssued 4/25/2007 for $27,680,000Maturing annually from 2014 to 2023Bearing interest rates of 4-5.55%
Qualified General Improvement Refunding 3,105,000 - 1,520,000 1,585,000 1,585,000 Bonds, Series 2007AIssued 12/7/2007 for $26,242,000For funding of Ordinance No. 07-162Maturing annually on August 1 from 2010 to 2024Bearing interest rates of 4-4.25%
Qualified General Improvement Bonds 31,478,000 - 26,063,000 5,415,000 1,725,000 Series 2009Issued 12/29/2009 for $39,928,000
For funding of Ordinance No. 08-148Maturing annually on January 15 from 2011 to 2029Bearing an interest rate of 5%
Qualified General Improvement HCIA Bonds 907,000 - 212,000 695,000 222,000 Series 2009Issued 12/17/2009 for $2,000,000Maturing annually on August 1 from 2010 to 2019Bearing an interest rate of 8%
Qualified General Improvement Bonds 3,080,950 - 2,785,950 295,000 90,000 JCPA Tax Exempt, Series 2009A
Issued 12/17/2009 for $3,380,950For funding of Ordinance No. 09-109Maturing annually on July 15 from 2010 to 2029Bearing interest rates of 4-5%
2016 Summary of General Serial Bonds Activity - continued
52
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued)
Balance Balance Due by Description Dec. 31, 2015 Increase Decrease Dec. 31, 2016 Dec. 31, 2017
Qualified General Improvement Bonds 400,000$ -$ 100,000$ 300,000$ 100,000$ JCPA Taxable, Series 2009A
For funding of Ordinance No. 09-109Issued 12/17/2009 for $1,000,000Maturing annually on July 15 from 2010 to 2019Bearing interest rates of 4.75-6.00%
General Improvement Bonds 81,730,000 - 1,240,000 80,490,000 1,690,000 Taxable Series 2010B, Build America BondsFor funding of Ordinance No. 09-068 and 10-081Issued 11/3/2010 for $84,495,000Maturing annually on Nov. 1, 2011-2027 and 2031, 2036, 2040Bearing interest rates of 3.25-7.25%
General Improvement Bonds,Taxable Series 2010C 6,420,000 - - 6,420,000 - Recovery Zone Economic Development BondsFor funding of Ordinance No. 09-068 and 10-081Issued 11/3/2010 for $6,420,000Maturing annually on Nov. 1, 2021-2025 and 2030, 2035, 2040Bearing interest rates of 3.25-7.25%
Qualified General Improvement Refunding 6,820,000 - 45,000 6,775,000 50,000 Bonds, Series 2011AIssued 12/30/2011 for $11,253,000To refund Qualified General Improvement Bonds dated 9/1/2003Maturing annually on Sept. 1, 2012-2019 and 2022
semiannually 2014Bearing interest rates of 1.75-4.00%
Qualified General Improvement Bonds, Series 2012 20,945,000 - 1,390,000 19,555,000 1,440,000 Issued 8/21/2012 for $24,875,000For partial funding of Ordinance No. 12-042Maturing annually on March 1, 2013-2027Bearing interest rates of 3.00-5.00%
Qualified General Improvement Refunding 15,885,000 - 1,375,000 14,510,000 1,425,000 Bonds, Series 2012AIssued 9/6/2012 for $16,405,000To refund Qualified General Improvement Bonds dated 5/15/2005Maturing annually on Sept. 1, 2013-2025
Bearing interest rates of 2.75-4.00%
Qualified General Improvement Refunding 4,190,000 - 165,000 4,025,000 170,000 Bonds, Taxable Series 2012CIssued 9/6/2012 for $4,690,000Maturing annually on Sept. 1, 2013-2022 and 2033
Qualified Public Improvement Refunding 17,145,000 - 6,565,000 10,580,000 4,185,000 Bonds, Taxable Series 2013AIssued 3/20/2013 for $24,670,000Maturing annually on Sept. 1, 2014-2020
Bearing interest rates of 0.942-2.723%
2016 Summary of General Serial Bonds Activity - continued
53
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued)
Balance Balance Due by Description Dec. 31, 2015 Increase Decrease Dec. 31, 2016 Dec. 31, 2017
General Improvement Bonds, Series 2014 29,755,000$ -$ 2,040,000$ 27,715,000$ 2,085,000$ Issued 12/11/2014 for $31,820,000
To Fund Ordinance No. 14.131
Maturing annually on Dec. 1, 2015-2027
Bearing interest rates of 3-5%
Qualified General Improvement Refunding Bonds 16,410,000 - - 16,410,000 2,070,000 Tax-Exempt Series 2014A
Issued 11/20/2014 for $16,590,000
To refund Qualified General Improvement Bonds dated 11/2/2006
Maturing annually on August 1, 2015-2023
Bearing interest rates of 2-5%
Qualified Public Improvement Refunding Bonds, 29,355,000 - 340,000 29,015,000 340,000 Taxable Series 2014
Issued 11/20/2014 for $29,945,000
To refund Qualified Public Improvement Refunding Bonds dated 3/30/2006
Maturing annually on Sept. 1, 2015-2022
Bearing interest rates of 0.659-3.286%
General Improvement Refunding Bonds, 13,060,000 - 85,000 12,975,000 - Series 2015A
Issued 11/25/2015 for $13,060,000
To refund Qualified Public Improvement Refunding Bonds dated 12/07/2007
Maturing on Feb. 15, 2016 and annually therafter from 2018-2024
Bearing interest rates of 2.0%-4.0%
General Improvement Refunding Bonds, - 26,000,000 380,000 25,620,000 - Series 2016AIssued 5/13/2016 for $26,000,000To refund Qualified General Improvement Bonds dated 2/10/2009And to refund Qualified General Improvement bonds dated 12/30/2009Maturing on July 15, 2016 and annually on Jan. 15 from 2020 through 2029Bearing interest rates of 3.25%-5%
General Improvement Bonds, Series 2016 - 25,867,000 - 25,867,000 1,750,000 Issued 6/29/2016 for $25,867,000To fund Ordinance No. 16.083 Providing for Various Capital ImprovementsMaturing annually on July 15 from 2017 through 2029Bearing interest rates of 2%-4%
General Improvement Refunding Bonds, - 18,635,000 - 18,635,000 400,000 Taxable Series 2016AIssued 11/2/2016 for $18,635,000To refund Qualified General Improvement Bonds dated 4/25/2007Maturing annually on Sept.1 from 2017 through 2021 and 2023.Bearing interest rates of 1.137%-2.573% - - - - -
397,630,950$ 70,502,000$ 78,115,950$ 390,017,000$ 35,982,000$
Refunded (43,725,000) (43,725,000)
New Debt/ Retired on Refunding (910,000) (1,503,950)
Increase and Decrease Net of Refunding 25,867,000$ 32,887,000$
2016 Summary of General Serial Bonds Activity - continued
54
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) General Serial and Term Bonds – Sinking Fund Redemption The General Improvement Bonds dated November 3, 2010 (Series 2010B and 2010C), the Qualified General Improvement Refunding Bonds dated September 6, 2012 (Taxable Series 2012C) and the Taxable Refunding Bonds dated November 2, 2016 (Series 2016A and 2016B) consist partially of term bonds in addition to serial payments. These term bonds are subject to mandatory sinking fund redemption prior to maturity at a redemption price equal to 100% of the principal amount to be redeemed, plus accrued interest thereon to the date fixed for redemption. Following is the sinking fund schedule for each of the term bond payments required for these bonds:
Term Bond Maturities of Series 2010B 'Build America' Bonds were refunded by 2017A Bonds.
Series 2012C Series 2016A-B Series 2016BTerm Bonds Term Bonds Term Bonds
Maturing Maturing MaturingNov. 1, 2030 Nov. 1, 2035 Nov. 1, 2040 Sept. 1, 2033 Sept. 1, 2023 Sept. 1, 2033 TOTAL
2022 -$ -$ -$ -$ 290,000$ -$ 290,000$ 2023 - - - 205,000 3,980,000 - 4,185,000 2024 - - - 215,000 - 15,000 230,000 2025 - - - 225,000 - 15,000 240,000 2026 255,000 - - 240,000 - 15,000 510,000 2027 265,000 - - 250,000 - 15,000 530,000 2028 275,000 - - 265,000 - 15,000 555,000 2029 295,000 - - 275,000 - 395,000 965,000 2030 305,000 - - 290,000 - 405,000 1,000,000 2031 - 315,000 - 310,000 - 425,000 1,050,000 2032 - 335,000 - 320,000 - 435,000 1,090,000 2033 - 345,000 - 335,000 - 455,000 1,135,000 2034 - 355,000 - - - - 355,000 2035 - 375,000 - - - - 375,000 2036 - - 395,000 - - - 395,000 2037 - - 405,000 - - - 405,000 2038 - - 435,000 - - - 435,000 2039 - - 450,000 - - - 450,000 2040 - - 465,000 - - - 465,000
Due atMaturity 1,395,000$ 1,725,000$ 2,150,000$ 2,930,000$ 4,270,000$ 2,190,000$ 14,660,000$
Series 2016A 3,685,000$ Series 2016B 585,000
4,270,000$
SCHEDULE OF MANDATORY SINKING FUND PAYMENTS
Series 2010C Term Bonds Maturing
55
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) Build America and Recovery Zone Bonds - The City has outstanding at December 31, 2017 and 2016 Build America Bonds and Recovery Zone Economic Development Bonds. As part of the American Recovery and Reinvestment Act (ARRA), the City is to receive Federal subsidy payments equal to 35% of the interest payments on Build America Bonds and 45% of the interest payments on Recovery Zone Bonds.
Original Serial Maturities Dated November 1 of 2021 through 2027 Refunded by 2017A Bonds. School Serial Bonds Payable - The City has outstanding at December 31, 2017 and 2016 various school serial bond debt issues. The following table is a summary of the activity for such debt during the year ended December 31, 2017 and the short term liability for each bond outstanding at year end:
2017 2016 2017 2016
Build America Bonds 6,830,000$ 80,490,000$ 1,768,300$ 1,785,824$ Recovery Zone Economic
Development Bonds 6,420,000 6,420,000 196,503 196,715
13,250,000$ 86,910,000$ 1,964,803$ 1,982,539$
Outstanding at December 31, Federal Government Subsidies
Balance Balance Due by Description Dec. 31, 2016 Increase Decrease Dec. 31, 2017 Dec. 31, 2018
Qualified School Bonds, Series 2007A 815,000$ -$ 815,000$ -$ -$ Issued 2/23/2007 for $17,050,000Maturing annually on Feb. 15 from 2008 to 2027Bearing interest rates of 4-4.25%
Qualified School Refunding Bonds 16,590,000 - 5,510,000 11,080,000 4,080,000 Taxable Series, 2014BIssued 11/20/2014 for $22,610,000To Refund Qualified School Refunding Bonds dated 6/16/2005Maturing annually on Sept. 1 from 2015 to 2021Bearing interest rates of 0.659-3.139%
School Refunding Bonds, Series 2015B 9,750,000 - - 9,750,000 820,000 Issued 11/25/2015 for $9,830,000To Refund Qualified School Bonds dated 2/23/2007Maturing on Feb. 15, 2016 and annually therafter from 2018-2027Bearing interest rates of 2.0%-4.0% - - - - -
27,155,000$ -$ 6,325,000$ 20,830,000$ 4,900,000$
2017 Summary of School Serial Bonds Activity
56
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) The following table is a summary of the activity for such debt during the year ended December 31, 2016 and the short term liability for each bond outstanding at year end:
Water Serial Bonds Payable - The City has outstanding at December 31, 2017 and 2016 various water serial bond debt issues. The following table is a summary of the activity for such debt during the year ended December 31, 2017 and the short term liability for each bond outstanding at year end:
Balance Balance Due by Description Dec. 31, 2015 Increase Decrease Dec. 31, 2016 Dec. 31, 2017
School Refunding Bonds 2,905,000$ -$ 2,905,000$ -$ -$ Issued 12/01/2002 for $38,505,000Maturing annually from 2003 to 2016Bearing interest rates of 5-5.25%
Qualified School Refunding Bonds, Series 2007C 3,130,000 - 3,130,000 - - Issued 4/25/2007 for $12,645,000Maturing annually from 2013 to 2016Bearing an interest rate of 5%
Qualified School Bonds, Series 2007A 1,600,000 - 785,000 815,000 815,000 Issued 2/23/2007 for $17,050,000Maturing annually on Feb. 15 from 2008 to 2027Bearing interest rates of 4-4.25%
Qualified School Refunding Bonds 22,045,000 - 5,455,000 16,590,000 5,510,000 Taxable Series, 2014BIssued 11/20/2014 for $22,610,000To Refund Qualified School Refunding Bonds dated 6/16/2005Maturing annually on Sept. 1 from 2015 to 2021Bearing interest rates of 0.659-3.139%
School Refunding Bonds 9,830,000 - 80,000 9,750,000 - Series 2015BIssued 11/25/2015 for $9,830,000To Refund Qualified School Bonds dated 2/23/2007Maturing on Feb. 15, 2016 and annually therafter from 2018-2027Bearing interest rates of 2.0%-4.0% - - - - -
39,510,000$ -$ 12,355,000$ 27,155,000$ 6,325,000$
2016 Summary of School Serial Bonds Activity
57
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued)
Balance Balance Due by Description Dec. 31, 2016 Increase Decrease Dec. 31, 2017 Dec. 31, 2018
Qualified Water Refunding Bonds, Series 2007B 235,000$ -$ 235,000$ -$ -$ Issued 4/25/2007 for $10,930,000Maturing annually from 2010 to 2023 and 2033Bearing interest rates of 4-5%
Qualified Water Improvement Refunding 1,690,000 - 10,000 1,680,000 10,000 Bonds, Series 2011BIssued 12/30/2011 for $1,987,000Maturing annually: 2012-2019, 2022, 2024-2028;
semiannually 2014Bearing interest rates of 1.75-4.00%
Qualified Water Improvement Refunding 4,170,000 - 625,000 3,545,000 710,000 Bonds, Series 2012BIssued 9/6/12 for $4,265,000To refund Water Capital Improvement Bonds dated 3/1/2003
and Qualified Water Improvement Bonds dated 5/15/2005Maturing annually: 2013-2024Bearing interest rates of 2.75-4.00%
Qualified Water Improvement Refunding 7,300,000 - 2,180,000 5,120,000 2,225,000 Bonds, Series 2013BIssued 3/20/2013 for $12,050,000To refund Qualified Water
Refunding Bonds dated 10/15/2005Maturing annually: 2014-2021Bearing interest rates of 0.942-3.055%
Qualified Water Improvement Refunding Bonds, 1,965,000 - 365,000 1,600,000 380,000 Series 2014AIssued 11/20/14 for $1,990,000To Refund Qualified Water Improvement Bonds dated 11/2/2006Maturing annually on Aug. 1 from 2015 to 2021Bearing interests of 2-4%
Water Improvement Refunding Bonds, 6,285,000 - 965,000 5,320,000 1,000,000 Series 2016BIssued 5/13/16 for $6,335,000To Refund Qualified Water Refunding Bonds dated 3/30/2006Maturing annually on Jan. 15 from 2017 to 2022Bearing interests of 2-5%
Water Refunding Bonds, Taxable Series 2016B 3,945,000 - 60,000 3,885,000 275,000 Issued 11/2/16 for $3,945,000To Refund Qualified Water Refunding Bonds dated 4/25/2007Maturing annually on Sept. 1 from 2017 to 2021 and 2023.Bearing interests of 1.137-3.758% - - - - -
25,590,000$ -$ 4,440,000$ 21,150,000$ 4,600,000$
2017 Summary of Water Serial Bonds Activity
58
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) The following table is a summary of the activity for such debt during the year ended December 31, 2016 and the short term liability for each bond outstanding at year end:
Balance Balance Due by Description Dec. 31, 2015 Increase Decrease Dec. 31, 2016 Dec. 31, 2017
Qualified Water Refunding Bonds, Series 2006D 6,660,000$ -$ 6,660,000$ -$ -$ Issued 9/1/2005 for $6,660,000Maturing annually from 2016 to 2022Bearing interest rates of 4.1-4.125%
Qualified Water Improvement Bonds, Series 2006B 355,000 - 355,000 - - Issued 11/2/2006 for $5,000,000Maturing annually from 2007 to 2021Bearing interest rates of 4.125-4.25%
Qualified Water Refunding Bonds, Series 2007B 4,010,000 - 3,775,000 235,000 235,000 Issued 4/25/2007 for $10,930,000Maturing annually from 2010 to 2023 and 2033Bearing interest rates of 4-5%
Qualified Water Improvement Refunding 1,910,000 - 220,000 1,690,000 10,000 Bonds, Series 2011BIssued 12/30/2011 for $1,987,000Maturing annually: 2012-2019, 2022, 2024-2028;
semiannually 2014Bearing interest rates of 1.75-4.00%
Qualified Water Improvement Refunding 4,195,000 - 25,000 4,170,000 625,000 Bonds, Series 2012BIssued 9/6/12 for $4,265,000To refund Water Capital Improvement Bonds dated 3/1/2003
and Qualified Water Improvement Bonds dated 5/15/2005Maturing annually: 2013-2024Bearing interest rates of 2.75-4.00%
Qualified Water Improvement Refunding 9,550,000 - 2,250,000 7,300,000 2,180,000 Bonds, Series 2013BIssued 3/20/2013 for $12,050,000To refund Qualified Water
Refunding Bonds dated 10/15/2005Maturing annually: 2014-2021Bearing interest rates of 0.942-3.055%
Qualified Water Improvement Refunding Bonds, 1,965,000 - - 1,965,000 365,000 Series 2014AIssued 11/20/14 for $1,990,000To Refund Qualified Water Improvement Bonds dated 11/2/2006Maturing annually on Aug. 1 from 2015 to 2021Bearing interests of 2-4%
2016 Summary of Water Serial Bonds Activity
59
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued)
Local Improvement Bonds Payable - The City has outstanding at December 31, 2017 and 2016 a bond issued for the Greene Street Local Improvement Project. The following table is a summary of the activity for such debt during the year ended December 31, 2017 and the short term liability outstanding at year end:
The following table is a summary of the activity for such debt during the year ended December 31, 2016 and the short term liability outstanding at year end:
Balance Balance Due by Description Dec. 31, 2015 Increase Decrease Dec. 31, 2016 Dec. 31, 2017
Water Improvement Refunding Bonds, - 6,335,000 50,000 6,285,000 965,000 Series 2016BIssued 5/13/16 for $6,335,000To Refund Qualified Water Refunding Bonds dated 3/30/2006Maturing annually on Jan. 15 from 2017 to 2022Bearing interests of 2-5%
Water Refunding Bonds, Taxable Series 2016B - 3,945,000 - 3,945,000 60,000 Issued 11/2/16 for $3,945,000To Refund Qualified Water Refunding Bonds dated 4/25/2007Maturing annually on Sept. 1 from 2017 to 2021 and 2023.Bearing interests of 1.137-3.758% - - - - -
28,645,000$ 10,280,000$ 13,335,000$ 25,590,000$ 4,440,000$
Refunded (10,090,000) (10,090,000)
New Debt/ Retired on Refunding (190,000) (295,000)
Increase and Decrease Net of Refunding -$ 2,950,000$
2016 Summary of Water Serial Bonds Activity - continued
Balance Balance Due by Description Dec. 31, 2016 Increase Decrease Dec. 31, 2017 Dec. 31, 2018
Local Improvement 11,821,000$ -$ 595,000$ 11,226,000$ 595,000$ Bonds, Taxable Series 2016A(Funding of Ordinance No. 01-057)Maturing annually from 2018 to 2036Bearing interests of 3.00-4.25% - - - - -
11,821,000$ -$ 595,000$ 11,226,000$ 595,000$
2017 Summary of Local Improvement Bonds Activity
Balance Balance Due by Description Dec. 31, 2015 Increase Decrease Dec. 31, 2016 Dec. 31, 2017
Pension Obligation Refunding Bonds -$ 11,821,000$ -$ 11,821,000$ 595,000$ Series 2003A, TaxableIssued 1/15/2003 for $23,595,000Maturing annually from 2012 to 2024Bearing interest rates of 4.8-5.5% - - - - -
-$ 11,821,000$ -$ 11,821,000$ 595,000$
2016 Summary of Local Improvement Bonds Activity
60
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) Pension Refunding Bonds Payable - The City has outstanding at December 31, 2017 and 2016 various pension refunding bond debt issues. The following table summarizes the activity of such debt during the year ended December 31, 2017 and the short term liability for each bond outstanding at year end:
The following table is a summary of the activity for such debt during the year ended December 31, 2016 and the short term liability for each bond outstanding at year end:
Balance Balance Due by Description Dec. 31, 2016 Increase Decrease Dec. 31, 2017 Dec. 31, 2018
Pension Obligation Refunding Bonds 18,100,000$ -$ 1,430,000$ 16,670,000$ 1,655,000$ Series 2003A, TaxableIssued 1/15/2003 for $23,595,000Maturing annually from 2012 to 2024Bearing interest rates of 4.8-5.5%
Pension Obligation Refunding Bonds 16,920,000 - 225,000 16,695,000 275,000 Series 2003A, TaxableIssued 3/15/2003 for $17,465,000Maturing annually from 2012 to 2033Bearing interest rates of 4.58-5.46%
Pension Obligation Refunding Bonds 3,345,000 - - 3,345,000 3,345,000 Series 2006, TaxableIssued 3/22/2006 for $3,345,000Maturing in one lump sum in 2018Bearing an interest rate of 5.51% - - - - -
38,365,000$ -$ 1,655,000$ 36,710,000$ 5,275,000$
2017 Summary of Pension Refunding Bonds Activity
Balance Balance Due by Description Dec. 31, 2015 Increase Decrease Dec. 31, 2016 Dec. 31, 2017
Pension Obligation Refunding Bonds 19,325,000$ -$ 1,225,000$ 18,100,000$ 1,430,000$ Series 2003A, TaxableIssued 1/15/2003 for $23,595,000Maturing annually from 2012 to 2024Bearing interest rates of 4.8-5.5%
Pension Obligation Refunding Bonds 17,105,000 - 185,000 16,920,000 225,000 Series 2003A, TaxableIssued 3/15/2003 for $17,465,000Maturing annually from 2012 to 2033Bearing interest rates of 4.58-5.46%
Pension Obligation Refunding Bonds 3,345,000 - - 3,345,000 - Series 2006, TaxableIssued 3/22/2006 for $3,345,000Maturing in one lump sum in 2018Bearing an interest rate of 5.51% - - - - -
39,775,000$ -$ 1,410,000$ 38,365,000$ 1,655,000$
2016 Summary of Pension Refunding Bonds Activity
61
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) LOANS PAYABLE Green Trust Loans - The City has outstanding at December 31, 2017 and 2016 various Green Trust Loans. The following table summarizes such loan activity for the year ended December 31, 2017 and the short term liability for each loan outstanding at year end:
Balance Balance Due by Description Dec. 31, 2016 Increase Decrease Dec. 31, 2017 Dec. 31, 2018
Wayne Street Park Loan 13,263$ -$ 8,798$ 4,465$ 4,465$ Received 7/29/1998 - $142,000Due semi-annually until 2018Bearing an interest rate of 2%
Apple Tree House Loan 101,691 - 12,698 88,993 12,953 Received 7/07/2004 - $235,894Due semi-annually until 2024Bearing an interest rate of 2%
Sgt. Anthony's Park Project Loan 70,158 - 7,652 62,506 7,805 Received 7/08/2005 - $145,000Due semi-annually until 2025Bearing an interest rate of 2%
Roberto Clemente Park Project Loan 137,414 - 14,986 122,428 15,288 Received 7/08/2005 - $284,000Due semi-annually until 2025Bearing an interest rate of 2%
Marion Pavonia Pool Project Loan 205,637 - 22,427 183,210 22,878 Received 7/08/2005 - $425,000Due semi-annually until 2025Bearing an interest rate of 2%
Multi-Park Loan 406,203 - 30,269 375,934 30,878 Received 6/30/2009 - $615,000Due semi-annually until 2028Bearing an interest rate of 2%
Montgomery Gateway Loan 33,025 - 2,461 30,564 2,510 Received 6/30/2009 - $50,000Due semi-annually until 2028Bearing an interest rate of 2%
Berry Lane Park Loan 89,014 - 6,335 82,679 6,462 Received 6/30/2010 - $130,000Due semi-annually until 2029Bearing an interest rate of 2% - - - - -
1,056,405$ -$ 105,626$ 950,779$ 103,239$
2017 Summary of Green Trust Loans Activity
62
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) The following table summarizes such loan activity for the year ended December 31, 2016 and the short term liability for each loan outstanding at year end:
Balance Balance Due by Description Dec. 31, 2015 Increase Decrease Dec. 31, 2016 Dec. 31, 2017
Wayne Street Park Loan 21,888$ -$ 8,625$ 13,263$ 8,798$ Received 7/29/1998 - $142,000Due semi-annually until 2018Bearing an interest rate of 2%
Apple Tree House Loan 114,139 - 12,448 101,691 12,698 Received 7/07/2004 - $235,894Due semi-annually until 2024Bearing an interest rate of 2%
Sgt. Anthony's Park Project Loan 77,659 - 7,501 70,158 7,652 Received 7/08/2005 - $145,000Due semi-annually until 2025Bearing an interest rate of 2%
Roberto Clemente Park Project Loan 152,105 - 14,691 137,414 14,986 Received 7/08/2005 - $284,000Due semi-annually until 2025Bearing an interest rate of 2%
Marion Pavonia Pool Project Loan 227,622 - 21,985 205,637 22,427 Received 7/08/2005 - $425,000Due semi-annually until 2025Bearing an interest rate of 2%
Multi-Park Loan 435,876 - 29,673 406,203 30,269 Received 6/30/2009 - $615,000Due semi-annually until 2028Bearing an interest rate of 2%
Montgomery Gateway Loan 35,437 - 2,412 33,025 2,461 Received 6/30/2009 - $50,000Due semi-annually until 2028Bearing an interest rate of 2%
Berry Lane Park Loan 95,225 - 6,211 89,014 6,335 Received 6/30/2010 - $130,000Due semi-annually until 2029Bearing an interest rate of 2% - - - - -
1,159,951$ -$ 103,546$ 1,056,405$ 105,626$
2016 Summary of Green Trust Loans Activity
63
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) DEBT SERVICE REQUIREMENTS TO MATURITY The repayment schedule of annual debt service principal and interest for the next five years, and five-year increments there-after, for bonds and loans issued and outstanding is as follows:
NOTES PAYABLE Bond Anticipation Notes - The City issues bond anticipation notes to temporarily fund various capital projects prior to the issuance of serial bonds. The term of the notes cannot exceed one year, but the notes may be renewed from time to time for a period not exceeding one year. Generally, such notes may be paid no later than the close of the tenth fiscal year next following the date of the original notes. The Division also prescribes that notes cannot be renewed past the third anniversary date of the original note unless an amount equal to at least the first legally required installment is paid prior to each anniversary date.
LoansIssued and Total Local Imp. & Pension School Water
Year Outstanding Bonds General Bonds Refunding Serial Bonds Serial Bonds
2018 121,719$ 71,713,498$ 53,668,057$ 7,233,435$ 5,561,763$ 5,250,243$ 2019 117,209 71,563,063 58,544,985 3,880,375 5,256,763 3,880,940 2020 117,209 75,193,726 64,349,812 4,021,257 2,869,646 3,953,011 2021 117,209 71,347,663 60,964,114 4,166,738 2,788,848 3,427,963 2022 117,209 45,427,172 37,898,854 4,354,641 1,188,150 1,985,527
2023-2027 401,943 138,556,822 116,108,042 13,544,121 5,916,625 2,988,034 2028-2032 53,478 66,142,187 53,071,354 10,719,604 - 2,351,229 2033-2037 - 39,956,590 36,870,012 2,614,479 - 472,099 2038-2040 - 18,842,888 18,842,888 - - -
1,045,976$ 598,743,609$ 500,318,118$ 50,534,650$ 23,581,795$ 24,309,046$
Principal 950,779$ 442,896,000$ 364,206,000$ 36,710,000$ 20,830,000$ 21,150,000$ Interest 95,197 155,847,609 136,112,118 13,824,650 2,751,795 3,159,046
1,045,976$ 598,743,609$ 500,318,118$ 50,534,650$ 23,581,795$ 24,309,046$
Schedule of Debt Service Requirements to Maturity - Combined Principal and Interest as of December 31, 2017Bonds Issued and Outstanding
64
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) The following is a schedule of bond anticipation note activity for the year ended December 31, 2017.
The following is a schedule of bond anticipation note activity for the year ended December 31, 2016.
Ordinance Interest Date of Balance Notes Notes Budget BalanceNumber Date Amount Rate % Maturity Dec. 31, 2016 Issued Refunded Appropriation Dec. 31, 2017
PJP Landfill Acquisition09-097 01/20/10 8,700,000$ 2.250% 01/19/18 -$ -$ 8,142,948$ -$ 8,142,948$ 09-097 01/20/10 8,700,000 1.500% 01/20/17 8,253,948 - (8,142,948) 111,000 -
Newark Avenue Streetscape09-127 01/20/10 2,476,000 2.250% 01/19/18 - - 1,823,052 - 1,823,052 09-127 01/20/10 2,476,000 1.500% 01/20/17 1,954,052 - (1,823,052) 131,000 -
Sixth Street Embankment10-085 08/31/10 7,500,000 1.875% 06/22/18 - - 6,955,000 - 6,955,000 10-085 08/31/10 7,500,000 1.500% 06/23/17 7,085,000 - (6,955,000) 130,000 -
W. Campus Redevelopment16.106 12/08/16 4,135,000 2.500% 12/07/18 - - 4,135,000 - 4,135,000 16.106 12/08/16 4,135,000 1.150% 12/08/17 4,135,000 - (4,135,000) - -
Hurricane Sandy Recovery13.031 12/12/13 8,717,417 2.500% 12/07/18 - - 3,845,000 - 3,845,000 13.031 12/12/13 8,717,417 1.150% 12/08/17 5,470,194 - (3,845,000) 1,625,194 -
26,898,194$ -$ -$ 1,997,194$ 24,901,000$
Original Issue:
Ordinance Interest Date of Balance Notes Notes Budget Bonds BalanceNumber Date Amount Rate % Maturity Dec. 31, 2015 Issued Refunded Appropriation Issued Dec. 31, 2016
PJP Landfill Acquisition09-097 01/20/10 8,700,000$ 1.75% 12/11/16 8,364,948$ -$ (8,253,948)$ 111,000$ -$ -$ 09-097 01/20/10 8,700,000 1.50% 01/20/17 - - 8,253,948 - - 8,253,948
Newark Avenue Streetscape09-127 01/20/10 2,476,000 1.75% 12/11/16 2,085,052 - (1,954,052) 131,000 - - 09-127 01/20/10 2,476,000 1.50% 01/20/17 - - 1,954,052 - - 1,954,052
Sixth Street Embankment10-085 08/31/10 7,500,000 1.15% 07/06/16 7,215,000 - (7,085,000) 130,000 - - 10-085 08/31/10 7,500,000 1.50% 06/23/17 - - 7,085,000 - - 7,085,000
Greene Street 01-057A 12/11/15 11,821,160 1.50% 12/09/16 11,821,159 - - 159 11,821,000 -
W. Campus Redevelopment16.106 12/08/16 4,135,000 1.15% 12/08/17 - 4,135,000 - - - 4,135,000
Hurricane Sandy Recovery13.031 12/12/13 1,282,583 1.50% 12/09/16 1,282,583 - - 1,282,583 - - 13.031 12/12/13 8,717,417 1.00% 12/09/16 7,095,360 - (5,470,194) 1,625,166 - - 13.031 12/12/13 8,717,417 1.15% 12/08/17 - - 5,470,194 - 5,470,194
37,864,102$ 4,135,000$ -$ 3,279,908$ 11,821,000$ 26,898,194$
Original Issue:
65
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued)
Landfill and Streetscape – On January 20, 2010, the City issued Bond Anticipation Notes in the amount of $11,176,000 to fund two separate authorizations: the acquisition of the PJP Landfill for $8,700,000 and the Newark Ave Streetscape for $2,476,000, as authorized by Ordinance No. 09-127. Sixth Street Embankment – On August 31, 2010, the City issued Bond Anticipation Notes in the amount of $7,500,000 to fund costs to obtain the property known as the Sixth Street in accordance with a legal settlement of January, 2010, as authorized by Ordinance No. 10-085. Hurricane Sandy Recovery – On December 12, 2013, the City issued Bond Anticipation Notes in the amount of $10,000,000 to fund costs associated with efforts to recover, repair or replace streets, roads and other public property lost or damaged in Hurricane Sandy, as authorized by Ordinance No. 13.031. Greene Street Improvements – On December 11, 2015, the City issued Bond Anticipation Notes in the amount of $11,821,159 to fund costs associated with the undertaking of various public improvements to Greene Street as authorized by Ordinance No. 01-057. Tax Refunding Notes - The City issues tax refunding notes in order to finance tax refunds arising from successful appeals by property owners. Taxpayers are obligated to pay taxes owed to the City as they become due, or have their property subject to tax sale. However, taxpayers may appeal their property assessments and, if successful, be granted a refund, often in a year subsequent to when the taxes were paid. The Division has allowed the City to issue notes to finance such refunds. The tax refunding notes are one year notes, renewable annually for five to seven years. The City had no tax refunding notes outstanding as of December 31, 2017. The following is a schedule of tax refunding note activity for the year ended December 31, 2016.
Ordinance Interest Date of Balance Budget BalanceNumber Date Amount Rate % Maturity Dec. 31, 2015 Appropriation Dec. 31, 2016
Refunding Notes (Real Property Tax Appeal09-028 06/25/09 11,471,819$ 1.00% 04/14/16 1,638,740$ 1,638,740$ -$ 11-116 12/14/11 5,500,000 1.50% 12/09/16 1,100,000 1,100,000 -
2,738,740$ 2,738,740$ -$
Original Issue:
66
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) Special Emergency Notes - Statutes allow the City to adopt ordinances authorizing special emergency appropriations for the carrying out of certain specific purposes, including the revaluation of real property and contractually required severance liabilities resulting from the layoff or retirement of employees. Statutes further provide for the borrowing of money and the issuance of Special Emergency Notes to finance such special emergency appropriations, which may be renewed from time to time, but at least 1/5 of all such notes, and the renewals thereof, shall mature and be paid in each year, so that all notes and renewals shall have matured and have been paid not later than the last day of the fifth year following the date of the emergency resolution. The following is a schedule of special emergency note activity for the year ended December 31, 2017.
Ordinance Interest Date of Balance Notes Budget BalanceNumber Date Amount Rate % Maturity Dec. 31, 2016 Refunded Appropriation Dec. 31, 2017
Contractual Severance Payments13-118 12/12/13 9,500,000 2.35% 12/07/18 - 1,900,000 - 1,900,000 13-118 12/12/13 9,500,000 1.25% 12/08/17 3,800,000 (1,900,000) 1,900,000 - 14-132 12/12/14 7,500,000 2.35% 12/07/18 - 3,000,000 - 3,000,000 14-132 12/12/14 7,500,000 1.25% 12/08/17 4,500,000 (3,000,000) 1,500,000 - 15.149 12/11/15 8,000,000 2.35% 12/07/18 - 4,800,000 - 4,800,000 15.149 12/11/15 8,000,000 1.25% 12/08/17 6,400,000 (4,800,000) 1,600,000 -
Revaluation of Properties 16.031 12/08/16 5,000,000 2.50% 12/07/18 - 4,000,000 - 4,000,000 16.031 12/08/16 5,000,000 1.15% 12/08/17 5,000,000 (4,000,000) 1,000,000 -
Hurricane Sandy Recovery12-841 12/28/12 5,965,000 1.15% 12/08/17 897,496 - 897,496 -
20,597,496$ -$ 6,897,496$ 13,700,000$
Original Issue:
67
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) The following is a schedule of special emergency note activity for the year ended December 31, 2016.
Contractual Severance Liabilities – The City has passed various special emergency appropriations for the purposes of funding contractually required severance liabilities resulting from the retirement of City employees as allowed by N.J.S.A. 40A:4-53h. Revaluation of Properties – The City passed Ordinance No. 11-043 to provide for the preparation and execution of a complete program of revaluation of real property for the use of the local assessor. This special emergency appropriation is authorized by N.J.S.A. 40A:4-53b. Sandy (Natural Disaster) – The City passed Resolution No. 12-842 to provide for the funding of various costs associated with damages sustained from Superstorm Sandy. This special emergency appropriation is authorized as an extraordinary expense by N.J.S.A. 40A:4-54.
Ordinance Interest Date of Balance Notes Notes Budget BalanceNumber Date Amount Rate % Maturity Dec. 31, 2015 Issued Refunded Appropriation Dec. 31, 2016
Contractual Severance Payments11-124 12/14/11 9,500,000$ 1.50% 12/09/16 1,900,000$ -$ -$ 1,900,000$ -$ 13-118 12/12/13 9,500,000 1.50% 12/09/16 5,700,000 - (3,800,000) 1,900,000 - 13-118 12/12/13 9,500,000 1.25% 12/08/17 - - 3,800,000 - 3,800,000 14-132 12/12/14 7,500,000 1.50% 12/09/16 6,000,000 - (4,500,000) 1,500,000 - 14-132 12/12/14 7,500,000 1.25% 12/08/17 - - 4,500,000 - 4,500,000 15.149 12/11/15 8,000,000 1.50% 12/09/16 8,000,000 - (6,400,000) 1,600,000 - 15.149 12/11/15 8,000,000 1.25% 12/08/17 - - 6,400,000 - 6,400,000
Revaluation of Properties 11-043 06/23/11 3,150,000 1.00% 04/14/16 630,000 - - 630,000 - 16.031 12/08/16 5,000,000 1.15% 12/08/17 - 5,000,000 - - 5,000,000
Hurricane Sandy Recovery12-841 12/28/12 5,965,000 1.00% 12/09/16 1,794,992 - (897,496) 897,496 - 12-841 12/28/12 5,965,000 1.15% 12/08/17 - - 897,496 - 897,496
24,024,992$ 5,000,000$ -$ 8,427,496$ 20,597,496$
Original Issue:
68
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) BONDS AND NOTES AUTHORIZED BUT NOT ISSUED At December 31, 2017 and 2016, the City has authorized but not issued bonds and notes of $29,336,887 and $29,708,545, respectively, in the General Capital Fund. The following activity relates to bonds and notes authorized but not issued that occurred during the years ended December 31, 2017:
The following activity relates to bonds and notes authorized but not issued that occurred during the years ended December 31, 2016:
Total General / Local School Water
Balance: December 31, 2016 29,708,545$ 26,659,629$ 1,587,258$ 1,461,658$
Add:Authorizations 2,600,000 2,600,000 - - Notes Matured 26,898,194 26,898,194 - -
Subtotal 59,206,739 56,157,823 1,587,258 1,461,658 Less:
Notes Issued 24,901,000 24,901,000 - - Cash Receipts 1,461,658 - - 1,461,658 Cancelled 1,510,000 1,510,000 - - Fund Balance 28 28 - - Budget Appropriations 1,997,166 1,997,166 - -
Balance: December 31, 2017 29,336,887$ 27,749,629$ 1,587,258$ -$
Total General / Local School Water
Balance: December 31, 2015 28,402,689$ 14,046,442$ 4,265,245$ 10,091,002$
Add:Authorizations 197,096,905 185,936,905 - 11,160,000 Receivables Cancelled - - - - Notes Matured 40,602,842 40,602,842 - -
Subtotal 266,102,436 240,586,189 4,265,245 21,251,002 Less:
Bonds Issued 38,788,000 38,598,000 - 190,000 Notes Issued 26,898,194 26,898,194 - - Cash Receipts 4,511,438 4,511,438 - - Authorized for Refunding 141,848,950 131,758,950 - 10,090,000 Cancelled 18,328,661 6,141,330 2,677,987 9,509,344 Budget Appropriations 6,018,648 6,018,648 - -
Balance: December 31, 2016 29,708,545$ 26,659,629$ 1,587,258$ 1,461,658$
69
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) SUMMARY OF STATUTORY DEBT CONDITION - ANNUAL DEBT STATEMENT The summarized statement of debt condition which follows is prepared in accordance with the required method of setting up the Annual Debt Statement. At December 31, 2017: Net Debt of $417,807,408 divided by Equalized Valuation Basis per N.J.S.A. 40A:2-2 as amended, $25,242,322,640 = 1.66%.
At December 31, 2016: Net Debt of $456,452,228 divided by Equalized Valuation Basis per N.J.S.A. 40A:2-2 as amended, $22,343,602,064 = 2.04%.
Equalized valuation basis is the average of the equalized valuations of real estate, including improvements, and the assessed valuation of class II Railroad Property of the County for the last 3 preceding years. BORROWING POWER UNDER N.J.S.A. 40A:2-6 AS AMENDED
Gross Debt Deductions Net Debt
Local School District Debt 22,417,258$ 22,417,258$ -$
General Debt 625,889,349 208,081,941 417,807,408
648,306,607$ 230,499,199$ 417,807,408$
Gross Debt Deductions Net DebtLocal School District Debt 28,742,258$ 28,742,258$ -$ General Debt 721,324,113 264,871,885 456,452,228
750,066,371$ 293,614,143$ 456,452,228$
2017 2016Three-Year Average Equalized Valuation 25,242,322,640$ 22,343,602,064$ 3 1/2 % of Equalized Valuation Basis 883,481,292 782,026,072 Net Debt 417,807,408 456,452,228
Excess Borrowing Power 465,673,884$ 325,573,844$
At December 31,
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE D. MUNICIPAL DEBT (continued) CITY-GUARANTEE OF OTHER PUBLIC BODY DEBT The City has adopted various ordinances over the years guaranteeing the payment of principal and interest on debt issues of the Jersey City Municipal Utilities Authority (MUA), for the purpose of providing additional security therefor. The amount of debt guaranteed by the City on behalf of the MUA as of December 31, 2017 and 2016 was $150,221,941and $199,455,227, respectively. NOTE E. FUND BALANCES APPROPRIATED Fund balance of the City consists of cash surplus and non-cash surplus. The City can anticipate fund balance to support its budget of the succeeding year, however, the use of non-cash surplus is subject to the prior written consent of the Division. Fund balances at December 31, 2017 and 2016 which were appropriated and included as anticipated revenue in the current fund budget of the succeeding year were as follows:
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION Substantially all City employees participate in the Consolidated Police and Fireman’s Pension Fund (CPFPF), Public Employees Retirement System (PERS), Police and Fireman’s Retirement System of New Jersey (PFRS) or the Defined Contribution Retirement Program (DCRP), all of which are multiple employer plans sponsored and administered by the State of New Jersey, with the exception of the CPFPF, which is a single employer plan. The CPFPF, PERS and PFRS are cost sharing contributory defined benefit public employee retirement systems. The DCRP is a defined contribution plan. In addition, certain employees participate in the Employees' Retirement System of the City of Jersey City (JCERS) and the City’s Deferred Compensation Plan.
Fund Balance Utilized in Fund Balance Utilized inDec. 31, 2016 2017 Budget Dec. 31, 2017 2018 Budget
Current Fund 78,920,179$ 39,960,250$ 56,339,410$ 26,423,048$
Capital Fund 1,306,241 - 1,428,110 -
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) STATE-MANAGED PENSION PLANS – CPFPF The Consolidated Police and Fireman's Pension Fund (CPFPF) is a single employer contributory defined benefit plan which was established on January 1, 1952, under the provisions of N.J.S.A. 43:16 to provide retirement, death and disability benefits to county and municipal police and firemen who were appointed prior to July 1, 1944. The fund is a closed system with no active member and therefore no base payroll. The City currently only makes contributions for its retirees who are enrolled in this pension fund. During the years ended December 31, 2017, 2016 and 2015, the City contributed $-0-, $-0- and $46,592, respectively. STATE-MANAGED PENSION PLANS – PERS Plan Description and Eligibility The PERS was established in January, 1955 under provisions of N.J.S.A. 43:15A and provides retirement, death, disability and post-retirement medical benefits to certain qualifying Plan members and beneficiaries. Membership is mandatory to substantially all full time employees and vesting occurs after 8 to 10 years of service for pension benefits. Significant modifications to enrollment, benefits and eligibility for benefits under the plan were made in 2007, 2008, 2010 and 2011. These changes resulted in various “tiers” which distinguish period of eligibility for enrollment. The delineation of these tiers is as follows:
Tier 1: Employees enrolled before July 1, 2007.
Tier 2: Employees eligible for enrollment after June 30, 2007 but before November 2, 2008.
Tier 3: Employees eligible for enrollment after November 1, 2008 but before May 22, 2010.
Tier 4: Employees eligible for enrollment after May 21, 2010 but before June 28, 2011.
Tier 5: Employees eligible for enrollment after June 27, 2011.
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Tier 1 and 2 employees must earn a base salary of $1,500 or more to enroll in the plan. Pensionable salaries are limited to the IRS maximum salary compensation limits for Tier 1 employees and social security maximum wage for Tier 2 employees. Tier 2 employees earning over the social security maximum wage are eligible to participate in DCRP for the excess amount. Tier 3 employees must earn a base salary that is annually adjusted. For the fiscal year ended December 31, 2017 and 2016 this base salary amount was $8,300, each year. Employees earning between $5,000 and the Tier 3 minimum base salary are eligible for participation in DCRP. Pensionable salaries are limited to the social security maximum wage. Employees earning over the social security maximum wage are eligible to participate in DCRP for the excess amount. Tier 4 and 5 employees do not have a minimum salary requirement to enroll, but must work a minimum of 32 hours per week. Employees not meeting the minimum hour requirement but that make over $5,000 are eligible to enroll in DRCP. Pensionable salaries are limited to the social security maximum wage. Employees earning over the social security maximum wage are eligible to participate in DCRP for the excess amount. Plan Benefits Service retirement benefits of 1/55th of final average salary for each year of service credit is available to tiers 1 and 2 members upon reaching age 60 and to tier 3 members upon reaching age 62. Service retirement benefits of 1/60th of final average salary for each year of service credit is available to tier 4 members upon reaching age 62 and tier 5 members upon reaching age 64. Early retirement benefits are available to tiers 1 and 2 members before reaching age 60, tiers 3 and 4 before age 62 and tier 5 with 30 or more years of service credit before age 65. Benefits are reduced by a fraction of a percent for each month that a member retires prior to the retirement age of their respective tier. Deferred retirement is available to members who have at least 10 years of service credit and have not reached the service retirement age for the respective tier. Each of the 5 Tiers have eligibility requirements and benefit calculations which vary for deferred retirements, early retirements, veteran retirements, ordinary disability retirements and accidental disability retirements. There is no minimum service requirement to receive these pension benefits. State-paid insurance coverage may be obtained after 25 years of service for employees in Tiers 1 through 4 and 30 years of service for Tier 5 employees.
73
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Contributions and Liability The contribution policy for PERS is set by N.J.S.A. 43:15A and requires contributions by active members and their employers. Such contributions may be amended by State legislation. Employers’ contribution amounts are based on an actuarially determined rate. The annual employer contributions include funding for basic retirement allowances and non-contributory death benefits. The employee contributions include funding for basic retirement allowances and contributory death benefits. Contributions made by the City and its employees for the previous three years are as follows:
(1) The rate noted took effect on July 1.
At June 30, 2017 and 2016, the City’s net pension liability for PERS, including the City’s proportionate share, was as follows:
Sensitivity of the City’s Proportionate Share of the Net Pension Liability to Changes in the Discount Rate The following presents the City’s proportionate share of the net pension liability of the as of June 30, 2017 and 2016, calculated using the discount rate as disclosed in the table and paragraphs that follow as well as what the collective net pension liability would be if it was calculated using a discount rate that is 1% lower or 1% higher than the current rate:
Amount As a Base WagesYear Ended Paid or Percentage of Subject to Amount
December 31, Charged Base Wages Contributions Contributed
2017 4,048,980$ 15.0% 26,957,096$ 7.34% (1) 1,959,697$ 2016 3,796,490 15.9% 23,906,845 7.20% (1) 1,705,719 2015 2,767,056 14.6% 19,018,935 7.06% (1) 1,330,083
City Contribution Employee ContributionsAs a
Percentage ofBase Wages
Year Ended Net Pension
June 30, Rate Change Liability
2017 0.38824% 0.00004% 90,376,243$
2016 0.38820% 0.14823% 114,973,627
Proportionate Share
At: Rate Amount Rate Amount
1% Decrease 4.00% 112,117,863$ 2.98% 140,886,760$
Current Discount Rate 5.00% 90,376,243 3.98% 114,973,627
1% Increase 6.00% 72,262,779 4.98% 93,580,089
2017 2016
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Actuarial Assumptions The total pension liability for the June 30, 2017 and June 30, 2016 measurement dates were determined by actuarial valuations as of July 1, 2016 and 2015, respectively, which were rolled forward to June 30, 2017 and 2016, respectively. These actuarial valuations used the following actuarial assumptions, applied to all periods in the measurement:
Mortality – For both the June 30, 2017 and 2016 Measurement Dates, preretirement mortality rates were based on the RP-2000 Employee Preretirement Mortality Table for male and female active participants (set back two years for males and seven years for females). In addition, the tables provided for future improvements in mortality from the base year of 2013 using a generational approach based on the plan actuary’s modified MP-2014 projection scale. Post-retirement mortality rates were based on the RP-2000 Combined Healthy Male and Female Mortality Tables (set back one year for males and females) for service retirements and beneficiaries of former members and a one-year static projection based on mortality improvement Scale AA. In addition, the tables for service retirements and beneficiaries of former members provide for future improvements in mortality from the base year of 2013 using a generational approach based on the plan actuary’s modified MP-2014 projection scale. Disability retirement rates used to value disabled retirees were based on the RP-2000 Disabled Mortality Table (set back three years for males and set forward one year for females). The actuarial assumptions used in both the July 1, 2016 and 2015 valuations were based on the results of an actuarial experience study for the period July 1, 2011 to June 30, 2014. It is likely that future experience will not exactly conform to these assumptions. To the extent that actual experience deviates from these assumptions, the emerging liabilities may be higher or lower than anticipated. The more the experience deviates, the larger the impact on future financial statements will be.
InvestmentMeasurement Inflation Rate of
Date of Rate 2026 Thereafter Return
June 30, 2017 2.25% 1.65-4.15% 2.65-5.15% 7.00%
June 30, 2016 3.08% 1.65-4.15% 2.65-5.15% 7.65%
Age-Based Salary IncreasesThrough
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Long-Term Expected Rate of Return - In accordance with State statute, the long-term expected rate of return on plan investments (7.00% at June 30, 2017 and 7.65% at June 30, 2016) is determined by the State Treasurer, after consultation with the Directors of the Division of Investments and Division of Pensions and Benefits, the board of trustees and the actuaries. The long-term expected rate of return was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic rates of return for each major asset class included in PERS target asset allocations as of June 30, 2017 and 2016 are summarized in the following table:
Long-Term Long-TermExpected Expected
Target Real Rate of Target Real Rate ofAsset Class Allocation Return Asset Class Allocation Return
Absolute Return / Risk Mitigation 5.00% 5.51% Cash & Equivalents 5.00% 0.87%Cash & Equivalents 5.50% 1.00% U.S. Treasuries 1.50% 1.74%U.S. Treasuries 3.00% 1.87% Investment Grade Credit 8.00% 1.79%Investment Grade Credit 10.00% 3.78% Mortgages 2.00% 1.67%Public High Yield 2.50% 6.82% High Yield Bonds 2.00% 4.56%Global Diversified Credit 5.00% 7.10% Inflation-Indexed Bonds 1.50% 3.44%Credit Oriented Hedge Funds 1.00% 6.60% Broad U.S. Equities 26.00% 8.53%Debt Related Private Equity 2.00% 10.63% Developed Foreign Equities 13.25% 6.83%Debt Related Real Estate 1.00% 6.61% Emerging Market Equities 6.50% 9.95%Private Real Asset 2.50% 11.83% Private Equity 9.00% 12.40%Equity Related Real Estate 6.25% 9.23% Hedge Funds / Absolute Return 12.50% 4.68%U.S. Equity 30.00% 8.19% Real Estate (Property) 2.00% 6.91%Non-U.S. Developed Markets Equity 11.50% 9.00% Commodities 0.50% 5.45%Emerging Market Equities 6.50% 11.64% Global Debt ex U.S. 5.00% -2.50%Buyouts / Venture Capital 8.25% 13.08% REIT 5.25% 5.63%
June 30, 2017 June 30, 2016
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Discount Rate - The discount rate used to measure the total pension liability was 5.00% and 3.98% as of June 30, 2017 and 2016, respectively. This single blended discount rate was based on the long-term expected rate of return on pension plan investments of 7.00% and 7.65% as of June 30, 2017 and 2016, respectively, and a municipal bond rate of 3.58% and 2.85% as of June 30, 2017 and 2016, respectively, based on the Bond Buyer Go 20-Bond Municipal Bond Index which includes tax-exempt general obligation municipal bonds with an average rating of AA/Aa or higher. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers will be made based on the contribution rate in the most recent fiscal year for each of the June 30, 2017 and June 30, 2016 measurement dates. Local employers contributed 100% of their actuarially determined contributions.
Based on those assumptions, the plan’s fiduciary net position was projected to be available to make projected future benefit payments of current plan members through 2040 and 2034 as of June 30, 2017 and 2016, respectively. Therefore, the long-term expected rate of return on plan investments was applied to projected benefit payments through 2040 and 2034 as of June 30, 2017 and 2016, respectively, and the municipal bond rate was applied to projected benefit payments after those dates in determining the total pension liability. Deferred Outflows and Inflows of Resources
The following presents a summary of changes in the collective deferred outflows of resources and deferred inflows of resources for the years ended June 30, 2017 and 2016:
Deferred Deferred Net Deferred Deferred Deferred Net DeferredOutflows Inflows Outflow / Outflows Inflows Outflow /
of Resources of Resources (Inflow) of Resources of Resources (Inflow)
Changes of Assumptions 18,207,698$ (18,140,945)$ 66,753$ 23,816,395$ -$ 23,816,395$ Difference Between Expected
and Actual Experience 2,128,049 - 2,128,049 2,138,161 - 2,138,161 Net Difference Between
Projected and Actual Earningson Pension Plan Investments 615,401 - 615,401 4,384,049 - 4,384,049
Changes in Proportion 24,435,346 (23,713,963) 721,383 10,684,502 (9,913,856) 770,646
45,386,494$ (41,854,908)$ 3,531,586$ 41,023,107$ (9,913,856)$ 31,109,251$
June 30, 2017 June 30, 2016
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) STATE-MANAGED PENSION PLANS – PERS (continued) Deferred Outflows and Inflows of Resources Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:
STATE-MANAGED PENSION PLANS – PFRS Plan Description and Eligibility The PFRS was established in July, 1944, under the provisions of N.J.S.A. 43:16A to provide coverage to substantially all full time county and municipal police or firefighters and state police appointed after June 30, 1944. Membership is mandatory for such employees with vesting occurring after 10 years of membership. Significant modifications to enrollment, benefits and eligibility for benefits under the plan were made in 2010 and 2011. These changes resulted in various “tiers” which distinguish period of eligibility for enrollment. The delineation of these tiers is noted as follows:
Tier 1: Employees enrolled before May 22, 2010.
Tier 2: Employees enrolled after May 21, 2010 but before June 29, 2011.
Tier 3: Employees enrolled after June 28, 2011. There is no minimum salary requirement to enroll, regardless of tier. Pensionable salaries are limited to the social security maximum wage for Tier 2 and 3 employees and federal pensionable maximum for Tier 1 employees. Employees earning over the social security maximum wage are eligible to participate in DCRP for the excess amount.
Year EndedJune 30,
2018 2,365,158$ 2019 3,030,476 2020 2,156,544 2021 (2,133,513) 2022 (1,887,080)
3,531,586$
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Plan Benefits Service retirement benefits are available at age 55 and are generally determined to be 2% of final compensation for each year of creditable service, as defined, up to 30 years plus 1% for each year of service in excess of 30 years. Members may seek special retirement after achieving 25 years of creditable service, in which benefits would equal 65% (tiers 1 and 2 members) and 60% (tier 3 members) of final compensation plus 1% for each year of creditable service over 25 years but not to exceed 30 years. Members may elect deferred retirement benefits after achieving ten years of service, in which case benefits would begin at age 55 equal to 2% of final compensation for each year of service. Contributions and Liability The contribution policy for PFRS is set by N.J.S.A. 43:16A and requires contributions by active members and their employers. Such contributions may be amended by State legislation. Employers’ contribution amounts are based on an actuarially determined rate which includes the normal cost and unfunded accrued liability. The annual employer contributions include funding for basic retirement allowances and non-contributory death benefits. The employee contributions include funding for basic retirement allowances and contributory death benefits. Contributions made by the City and its employees for the previous three years are as follows:
Under N.J.S.A. 43:16A-15, local participating employers are responsible for their own contributions based on actuarially determined amounts, except where legislation was passed which legally obligated the State if certain circumstances occurred. The legislation which legally obligates the State is as follows: Chapter 8, P.L. 2000, Chapter 318, P.L. 2001, Chapter 86, P.L. 2001, Chapter 511, P.L. 1991, Chapter 109, P.L. 1979, Chapter 247, P.L. 1993 and Chapter 201, P.L. 2001.
Amount As a Base WagesYear Ended Paid or Percentage of Subject to Amount
December 31, Charged Base Wages Contributions Contributed
2017 38,869,751$ 0.0% 144,810,473$ 14,481,047$ 2016 38,097,772 26.1% 145,992,133 14,599,213 2015 34,790,479 24.4% 142,418,958 14,241,896
As aPercentage ofBase Wages
10.00%
10.00%
City Contribution Employee Contributions
10.00%
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) STATE-MANAGED PENSION PLANS – PFRS (continued) The amounts contributed on behalf of the City under this legislation are considered to be a special funding situation. As such, the State is treated as a non-employer contributing entity. Since the City does not contribute under this legislation directly to the plan (except for employer specified financed amounts), there is no net pension liability to report in the financial statements of the City related to this legislation. However, the notes to the financial statements of the City must disclose the portion of the State’s total proportionate share of the collective net pension liability that is associated with the City. At June 30, 2017 and 2016, the City’s net pension liability for PFRS, including the special funding situation described above and changes in the City’s proportionate share, was as follows:
Sensitivity of the City’s Proportionate Share of the Net Pension Liability to Changes in the Discount Rate
The following presents the City’s proportionate share of the net pension liability of the as of June 30, 2017 and 2016, calculated using the discount rate as disclosed above as well as what the collective net pension liability would be if it was calculated using a discount rate that is 1% lower or 1% higher than the current rate:
State of N.J.
(nonemployer)
Year Ended Net Pension On-Behalf
June 30, Unit Rate Change Liability of City Total
2017 Police 2.62429% 0.05679% 405,139,869$ 45,379,078$ 450,518,947$
2017 Fire 1.90286% -0.02017% 293,764,059 32,904,049 326,668,108
2017 Total * * 698,903,928$ 78,283,127$ 777,187,055$
2016 Police 2.56750% 0.02666% 490,457,948$ 41,186,303$ 531,644,251$
2016 Fire 1.92303% 0.04428% 367,347,939 30,848,116 398,196,055
2016 Total * * 857,805,887$ 72,034,419$ 929,840,306$
City (employer)
Proportionate Share
At: Rate Amount Rate Amount
1% Decrease 5.14% 920,863,482$ 4.55% 1,106,077,793$
Current Discount Rate 6.14% 698,903,928 5.55% 857,805,887
1% Increase 7.14% 516,538,916 6.55% 381,323,823
2017 2016
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Actuarial Assumptions
The total pension liability for the June 30, 2017 and June 30, 2016 measurement dates were determined by actuarial valuations as of July 1, 2016 and 2015, respectively, which were rolled forward to June 30, 2017 and 2016, respectively. These actuarial valuations used the following actuarial assumptions:
Mortality – For the June 30, 2017 and 2016 Measurement Dates, preretirement mortality rates were based on the RP-2000 Preretirement Mortality Tables projected 13 years using Projection Scale BB and then projected on a generational basis using the plan actuary’s modified 2014 projection scales. Postretirement mortality rates for male service retirements and beneficiaries are based on the RP-2000 Combined Health Mortality Tables projected one year using Projection Scale AA and then three years for June 30, 2017 and two years for June 30, 2016 using the plan actuary’s modified 2014 projection scales and further projected on a generational basis using the plan actuary’s modified 2014 projection scales. Post-retirement mortality rates for female service retirements and beneficiaries were based on the RP-2000 Combined Healthy Mortality Tables projected 13 years using Projection Scale BB and then three years for June 30, 2017 and two years for June 30, 2016 using the plan actuary’s modified 2014 projection scales and further projected on a generational basis using the plan actuary’s modified 2014 projection scales. Disability mortality rates were based on special mortality tables used for the period after disability retirement. The actuarial assumptions used in the July 1, 2016 and 2015 valuations were based on the results of an actuarial experience study for the period July 1, 2010 to June 30, 2013.
InvestmentMeasurement Inflation Rate of
Date of Rate 2026 Thereafter Return
June 30, 2017 2.25% 2.10-8.98% 3.10-9.98% 7.00%
June 30, 2016 3.08% 2.10-8.98% 3.10-9.98% 7.65%
Age-Based Salary IncreasesThrough
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Long-Term Expected Rate of Return - In accordance with State statute, the long-term expected rate of return on plan investments (7.00% at June 30, 2017 and 7.65% at June 30, 2016) is determined by the State Treasurer, after consultation with the Directors of the Division of Investments and Division of Pensions and Benefits, the board of trustees and the actuaries. The long-term expected rate of return was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic rates of return for each major asset class included in PFRS target asset allocations as of June 30, 2017 and 2016 are summarized in the following table:
Long-Term Long-TermExpected Expected
Target Real Rate of Target Real Rate ofAsset Class Allocation Return Asset Class Allocation Return
Absolute Return / Risk Mitigation 5.00% 5.51% Cash & Equivalents 5.00% 0.87%Cash & Equivalents 5.50% 1.00% U.S. Treasuries 1.50% 1.74%U.S. Treasuries 3.00% 1.87% Investment Grade Credit 8.00% 1.79%Investment Grade Credit 10.00% 3.78% Mortgages 2.00% 1.67%Public High Yield 2.50% 6.82% High Yield Bonds 2.00% 4.56%Global Diversified Credit 5.00% 7.10% Inflation-Indexed Bonds 1.50% 3.44%Credit Oriented Hedge Funds 1.00% 6.60% Broad U.S. Equities 26.00% 8.53%Debt Related Private Equity 2.00% 10.63% Developed Foreign Equities 13.25% 6.83%Debt Related Real Estate 1.00% 6.61% Emerging Market Equities 6.50% 9.95%Private Real Asset 2.50% 11.83% Private Equity 9.00% 12.40%Equity Related Real Estate 6.25% 9.23% Hedge Funds / Absolute Return 12.50% 4.68%U.S. Equity 30.00% 8.19% Real Estate (Property) 2.00% 6.91%Non-U.S. Developed Markets Equity 11.50% 9.00% Commodities 0.50% 5.45%Emerging Market Equities 6.50% 11.64% Global Debt ex U.S. 5.00% -2.50%Buyouts / Venture Capital 8.25% 13.08% REIT 5.25% 5.63%
June 30, 2017 June 30, 2016
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) STATE-MANAGED PENSION PLANS – PFRS (continued) Discount Rate - The discount rate used to measure the total pension liability was 6.14% and 5.55% as of June 30, 2017 and 2016, respectively. This single blend discount rate was based on the long-term expected rate of return on pension plan investments of 7.00% and 7.65% as of June 30, 2017 and 2016, respectively, and a municipal bond rate of 3.58% and 2.85% as of June 30, 2017 and 2016, respectively, based on the Bond Buyer Go 20-Bond Municipal Bond Index which includes tax-exempt general obligation municipal bonds with an average rating of AA/Aa or higher. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers and the nonemployer contributing entity will be made based on the contribution rate in most recent fiscal year. Based on those assumptions, the plan’s fiduciary net position was projected to be available to make projected future benefit payments of current plan members through 2057 and 2050 as of June 30, 2017 and 2016, respectively. Therefore, the long-term expected rate of return on plan investments was applied to projected benefit payments through 2057 and 2050 as of June 30, 2017 and 2016, respectively, and the municipal bond rate was applied to projected benefit payments after that date in determining the total pension liability. Deferred Outflows and Inflows of Resources
The following presents a summary of changes in the collective deferred outflows of resources and deferred inflows of resources (excluding employer specific amounts) for the years ended June 30, 2017 and 2016:
Deferred Deferred Net Deferred Deferred Deferred Net DeferredOutflows Inflows Outflow / Outflows Inflows Outflow /
of Resources of Resources (Inflow) of Resources of Resources (Inflow)
Changes of Assumptions 86,182,640$ (114,460,028)$ (28,277,388)$ 118,813,164$ -$ 118,813,164$ Difference Between Expected
and Actual Experience 4,534,077 (4,101,985) 432,092 - (5,623,044) (5,623,044) Net Difference Between
Projected and Actual Earningson Pension Plan Investments 13,336,725 - 13,336,725 60,104,732 - 60,104,732
Changes in Proportion 23,664,481 (7,045,944) 16,618,537 22,360,402 (6,604,048) 15,756,354
127,717,923$ (125,607,957)$ 2,109,966$ 201,278,298$ (12,227,092)$ 189,051,206$
June 30, 2017 June 30, 2016
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued)
STATE-MANAGED PENSION PLANS – PFRS (continued)
Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:
STATE-MANAGED PENSION PLANS - GENERAL
The State established and administers a Supplemental Annuity Collective Trust Fund (SACT) which is available to active members of several State-administered retirement systems to purchase annuities to supplement the guaranteed benefits provided by their retirement system. The State or local government employers do not appropriate funds to SACT. The State also administers the Pension Adjustment Fund (PAF) which provides cost of living increases, equal to 60 percent of the change in the average consumer price index, to eligible retirees in all State-sponsored pension systems except SACT. The cost of living increases for PFRS and PERS are funded directly by each of the respective systems and are considered in the annual actuarial calculation of the required State contribution for that system. According to state statutes, all obligations of PERS and PFRS will be assumed by the State of New Jersey should the PERS and PFRS be terminated.
PERS and PFRS Fiduciary Net Position
The State of New Jersey issues publicly available financial reports that include the financial statements, required supplementary information and detailed information about the fiduciary net position of the PERS and PFRS. These financial statements were prepared in accordance with accounting principles generally accepted in the United States. This report may be obtained by writing to the State of New Jersey, Department of the Treasury, Division of Pensions and Benefits, P.O. Box 295, Trenton, New Jersey 08625-0295 or accessed at www.state.nj.us/treasury/pensions.
Year EndedJune 30,
2018 12,757,270$ 2019 26,407,182 2020 5,126,348 2021 (28,652,657) 2022 (13,528,178)
2,109,966$
84
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) STATE-MANAGED PENSION PLANS – PENSION DEFERRAL Legislation, known as Chapter 19 of the Public Laws of 2009 (P.L. 2009, c. 19), was enacted and effective on March 17, 2009 allowing for an adjustment in the contributions that local employers, such as the City, must make to the PERS and PFRS during the year ended June 30, 2009. Under this legislation, local governments were given the option to defer exactly 50% of their required pension contribution as certified by the State of New Jersey, Department of the Treasury, Division of Pensions and Benefits or pay the full amount of the required contribution for the year ended June 30, 2009. The City elected the 50% deferral, totaling $14,826,590, consisting of $14,129,001 for PFRS and $697,589 for PERS. Under the terms of the pension deferral, the City is obligated to repay the entire deferral in 15 amortized annual installments starting April 1, 2012 and ending April 1, 2026. These payments will be added to the regular pension bills. In 2016, the City dissolved the Jersey City Incinerator Authority, and therefore assumed its share of pension deferral obligations. The amount of the deferral paid during the years ended December 31, 2017 and 2016, as well as the short term liability of the deferral, are as follows:
DEFINED CONTRIBUTION RETIREMENT PROGRAM The DCRP provides eligible members with a tax-sheltered, defined contribution retirement benefit, along with life insurance and disability coverage. Individuals eligible for membership in the DCRP include (a) state or local officials elected or appointed to new office on or after July 1, 2007, (b) employees enrolled in PERS on or after July 1, 2007 or PFRS after May 21, 2010 who earn salary in excess of established maximum compensation limit and (c) employees otherwise eligible for PERS on or after November 2, 2008 or PFRS after May 21, 2010 that earn below the minimum PERS or PFRS salary but more than $5,000 annually.
Due April 1,2016 2017 2018
PERS 107,071$ 148,612$ 150,500$ PFRS 2,127,246 2,147,947 2,169,712
Total 2,234,317$ 2,296,559$ 2,320,212$
Combined Interest and PrincipalPaid During Year Ended Dec. 31,
85
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued)
Vesting occurs upon commencement of the third year of membership. Should the vesting period not be reached, contributions will be refunded to the appropriate contributing parties. Employer matching contributions and earnings are only available after the age of 55. Distributions render the member retired and ineligible for future participation in any State-administered plans. Otherwise, distributions are available at any time as lump sum, fixed term or life annuity. Members are covered by employer-paid life insurance in the amount of 1 ½ times the annual base salary on which DCRP contributions were based. Members are also eligible for employer-paid long-term disability coverage after one year of participation. Eligibility occurs after six consecutive months of total disability. Members would receive a regular monthly income benefit up to 60% of the base salary on which DCRP contributions were based during the 12 months preceding the onset of the disability, offset by any other periodic benefit the member may be receiving. Benefits will be paid until the age of 70 so long as the member remains disabled and has not begun receiving retirement annuity payments. The following table represents the City and employee contributions during the previous three years:
EMPLOYEES' RETIREMENT SYSTEM OF JERSEY CITY
The Employees' Retirement System of Jersey City (JCERS) became effective February 22, 1965, under N.J.S.A. 43:13-22.50, et seq. Legislation was approved amending the JCERS on May 9, 1990, effective June 1, 1990 and August 19, 1996 to revise the retirement and survivorship benefits payable to retirees and beneficiaries. Legislation in 2003 (Chapter 167, P.L. 2003) increased retirement allowances to 100% of CPI increases, replacing the previous 60%. Finally, Chapter 247, P.L. 2005 decreased the early retirement factor from 2/12 of 1% to 1/12 of 1% per month for retirees prior to the age of 60. The following plan description reflects these amendments. Under Chapter 282, P.L. 2013, legislation amends Section 43:13-22.73 to decrease retirants’ Cost of Living Adjustments from 100% to 50% of the percentum of change in the Department of Labor's Consumer Price Index, which is assumed to increase at 3% per year.
As a As aYear Ended Estimated Percentage of Percentage of
Dec. 31, Amount Base Payroll Amount Base Payroll
2017 77,840$ 5.50% 42,458$ 3.00%2016 71,977 5.50% 39,260 3.00%2015 72,582 5.50% 39,590 3.00%
Employee Contributions City Contributions
86
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Plan Members - The number of plan members at January 1, 2016 was as follows:
Plan Description - The Plan is a single employer defined benefit pension plan covering certain employees of the City. Employees who were members of the former pension system (other than police, fire and Board of Education employees) hired after February 22, 1965, and under age 40 at the date of employment must become members of the Plan. In addition, temporary employees hired after October 7, 1984, with one year's continuous service, and under age 40 at the date of employment, must also become members of the Plan. Employees of the City who are not eligible to become members of the Plan are covered under the Public Employees' Retirement System which is managed by the State of New Jersey. The activities of the JCERS are administered by a Pension Commission, which consists of the Mayor, Chief Financial Officer, two elected employee representatives, and one appointed citizen member. UBS and Trust Company of the West are designated custodians of the Plan’s investments. The JCERS has an actuarial valuation performed bi-annually as required by GASB. The most recent actuarial position of the JCERS was conducted as of December 31, 2017. Such valuations provide a basis for determining the contributions payable by the City. The JCERS issues publicly available financial reports that include the financial statements and required supplementary information of the system. The financial report may be obtained by writing to the City Clerk, City of Jersey City, 280 Grove Street, Jersey City, NJ 07302. Funding Policy - The JCERS is supported by joint contributions of its members and of the City. Each member, on the effective date of the system, is required to contribute 6% to 8.5% of gross payroll. The contribution percentage varies with the member's age at the time of appointment. Each active member, who became a member after the effective date of the Plan, is required to contribute from 6.2% to 10.15% of their salary. The contribution percentage varies with the member's age on the date of entry to the Plan.
Retired Members and Eligibles Survivors 349 Inactive Members Entitled to But Not Yet Receiving Benefits 19 Active Members 818
1,186
87
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Although it has not expressed any intention to do so, the City has the right to discontinue its contributions to the JCERS at any time and to terminate the JCERS subject to legislation. The City's contribution to the JCERS for the years ended December 31, 2017 and 2016 was $9,054,000 and $8,841,332, respectively. Pension Benefits - For the purpose of this section "final salary" for benefit purposes is to be defined as the average annual salary during the member's final 3 years of service or for any 3 fiscal years of membership providing the largest possible benefit to the member or beneficiary. Final Salary for employees hired after January 17, 2014 is changed to be the average annual compensation for any five fiscal years of membership providing the largest benefit. Pension benefits partially vest after 10 years of credited service. If a member has completed 10 years of credited service, and is separated from service either voluntarily or involuntarily, prior to age 60 (65 for employees hired after January 17, 2014), the member may elect to receive a lump- sum distribution of their own contributions, or to receive a deferred pension commencing at age 60 (65 for employees hired after January 17, 2014). The deferred pension is equal to 50% of the member's final salary multiplied by the ratio of years of credited service to years of credited service which would have been attained had the member continued to age 60 (65 for employees hired after January 17, 2014). The minimum annual pension is $3,600. On August 19, 1996, the Plan was amended. Participants are eligible to receive normal retirement benefits upon completion of 20 years (25 years for employees hired after January 17, 2014) of service and attainment of age 60 (age 65 for employees hired after January 17, 2014). Benefits under the Plan are calculated on the basis of 55% of final salary, plus 1% of the final salary for each year in excess of 20 (25 years for employees hired after January 17, 2014) years. Participants are eligible for retirement benefits upon attaining age 60 (65 for employees hired after January 17, 2014) with less than 20 (25 years for employees hired after January 17, 2014) years of service. Benefits under the Plan are calculated on the basis of 2% of the retirant's final salary for each year of creditable service. For members electing early retirement, prior to age 60 (65 for employees hired after January 17, 2014), with 25 (30 years for employees hired after January 17, 2014) years of credited service, benefits under the Plan equal 55% of final salary reduced by 1/12 of 1% for each month that the member is less than age 60 (3/12 of 1% for each month that the member is less than age 65 for employees hired after January 17, 2014).
88
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Disability and Death Benefits - Any member who has 5 or more years of creditable service and has become permanently disabled may retire on a disability pension computed on the basis of 50% of their final salary plus 1% for each year of creditable service in excess of 20 years. Any member who becomes permanently disabled as a result of the performance of their regular duties during employment may retire on a disability pension. The pension is equal to two-thirds of final salary. In the event of the member's death, there is a survivorship benefit to the member's surviving spouse of 50% of the member's final salary provided the member was employed by the City for a period of five years. In the case of no surviving spouse, other dependents receive a benefit to a lesser extent. Death of a retirant will result in the surviving spouse, minor children or dependent parents, receiving a survivorship benefit equal to 50% of the retirant's pension at retirement, not less than $3,600. Net Pension Liability - The components of the net pension liability as of December 31, 2017 and 2016 are as follows:
Covered employee payroll as of the January 1, 2016 actuarial valuation is $33,421,968. The net pension liability as a percentage of covered employee payroll is 303.17%.
Sensitivity of the Net Pension Liability to Changes in the Discount Rate - The following presents the net pension liability, calculated using the discount rate of 8.25%, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (7.25%) or 1- percentage-point higher (9.25%) than the current rate:
2017 2016
Total Pension Liability 220,191,604$ 212,425,996$ Plan Fiduciary Net Position 118,867,748 104,203,727 City's Net Pension Liability 101,323,856$ 108,222,269$
Plan's Fiduciary Net Positionas a Percentage of the TotalPension Liability 54.0% 49.1%
As of December 31,
Current1% Decrease Discount Rate 1% Increase
to 7.25% 8.25% to 9.25%
Net Pension Liability 127,620,597$ 101,323,856$ 86,853,297$
89
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Actuarial Assumptions - The total pension liability as of December 31, 2016 were determined by use of update procedures to roll forward the plan’s total pension liability as of December 31, 2015 to December 31, 2016 using the following actuarial assumptions, applied to all periods included in the measurement:
Actuarial cost method:
Entry Age Normal, Level Percentage of Pay
Inflation:
3.00% per annum
Salary increases:
Salaries are assumed to increase as follows:
Annual Rate of Annual Rate ofAge Salary Increase Age Salary Increase20 4.91% 50 3.57%25 5.00 55 3.0930 4.86 60 2.7435 4.50 62 2.5740 4.23 65 2.3045 3.85 69 1.86
Investment rate of return: 8.25%, net of pension plan investment expenses. This is based on an average inflation rate of 3.00% and a real rate of return of 5.25%.
Mortality rates among healthy annuitants were based on the RP-2000 Combined Healthy Male and Female Mortality Tables (setback 1 year for males and females) with a one year static projection based on mortality improvement scale AA and further projected from the base year of 2013 using a generational approach based on the Conduent Modified 2015 projection scale. Mortality rates among disabled annuitants were based he RP- 2000 Disabled Mortality Tables (set back 3 years for males and set forward 1 year for females) and further projected from the base year of 2013 using a generational approach based on the Conduent Modified 2015projection scale. The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation.
90
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) Best estimates of arithmetic rates of return for each major asset class included in the pension plan’s target asset allocation are summarized in the following table (note that the rates shown below include the inflation component). The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic rates of return for each major asset class included in the pension plan’s target asset allocation are summarized in the following table (note that the rates shown below include the inflation component):
Discount Rate - The discount rate used to measure the total pension liability was 8.25%. The projection of cash flows used to determine the discount rate assumed that Jersey City contributions will continue to follow the current funding policy. Based on those assumptions, the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. In the event for benefit payments that are not covered by the pension plan's fiduciary net position, a municipal bond rate of 3.71% and 3.20% as of December 31, 2016 and 2015, respectively, are to be used to discount the benefit payments not covered by the pension plan's fiduciary net position. The rates are based on the S&P Municipal Bond 20 Year High Grade Rate Index. However, since the pension plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. The long-term expected rate of return of 8.25% per annum was used to reflect the expected asset allocation.
Asset Class 2017 2016
Domestic Equity 8.30% 7.50%International Equity 8.45% 8.50%Fixed Income 3.05% 3.50%Real Estate 6.90% 8.50%Cash 2.25% 2.50%
Long-Term Expected Rate of Returnat December 31,
91
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE F. RETIREMENT SYSTEMS AND DEFERRED COMPENSATION (continued) DEFERRED COMPENSATION PLAN (unaudited) The City has established a deferred compensation program for its employees under Section 457 of the Internal Revenue Code. The deferred compensation program is a Public Employees' Deferred Compensation Plan, covering employees and elected officials who perform services for the City. The plan is underwritten by Prudential Insurance Company. The Plan is a tax-deferred supplemental retirement program that allows City employees to contribute a portion of their salaries, before federal taxes, to a retirement account. Contributions, or deferrals, are made through payroll deductions. Individuals are 100% vested. Distributions are not available to employees until termination, retirement, death, or unforeseeable emergency. All amounts of compensation deferred under the plan, all property and rights purchased with those amounts, and all income attributable to those amounts, property or rights are solely the property and rights of the individual contributors and are not subject to the claims of the City's general creditors. Assets of the plans are invested in various mutual funds at the discretion of the participants. NOTE G. POST-EMPLOYMENT BENEFITS Plan Description The City provides eligible retirees with medical, prescription drug, and life insurance benefits. Retirees who do not meet eligibility requirements for 100% City paid coverage but meet the eligibility requirements for 100% employee paid coverage can continue coverage by paying premiums established by the City. Two medical plans are offered to eligible retirees and their dependents: a Traditional plan and a Direct Access plan. These plans are self- insured through Horizon Blue Cross. Future retirees are only eligible for the Direct Access plan. Medical benefits coordinate with Medicare and retirees and their dependents are required to participate in Medicare A and B upon eligibility for these programs. Retirees, dependents, and surviving spouses are reimbursed the Part B premium by the City. Prescription drug benefits are provided to eligible retirees and their dependents at varying co-pays.
92
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE G. POST-EMPLOYMENT BENEFITS (continued) Plan Description – continued Dental and Vision benefits are available to eligible retirees and their dependents, however, retirees are required to pay 100% of the cost of these plans. Retirees of the Jersey City Police Officers Benevolent Association, Jersey City Police Superior Officers Association, Uniformed Fire Fighters Association of Jersey City and Jersey City Uniformed Fire Officers Associations receive life insurance or death benefits ranging from $1,500 to $2,500 dependent on retirement date. Employees other than Police and Firemen have no postemployment death benefits paid by Jersey City. Eligible dependents of retirees are provided medical and prescription drug benefits for their lifetime. In March 2010, the Patient Protection and Affordable Care Act (PPACA) was signed into law. The high cost excise tax (“Cadillac tax”) provisions of the Act are applicable. Additionally, on June 28, 2011 P.L. 2011 c. 78 (Chapter 78) was enacted. Chapter 78 contained many changes to the retirement and healthcare plans offered to employees and retirees of New Jersey State and Local government.. The number of retirees receiving benefits as of December 31, 2016, the effective date of the, valuation is 2,397; 1,048 of whom receive single benefit coverage. Active employees number 2,514 as of the same valuation date. The average age of active employees is 46 with an average accrued years of service of 12 years. Eligibility The above benefits are available for employees who retire under the following conditions:
After twenty-five years of service in PFRS or PERS
Upon disability retirement from PFRS, service requirements of four years for ordinary disability and none for accidental disability
Upon disability retirement from PERS, service requirements of ten years for ordinary disability and none for accidental disability
Upon disability from JCERS, service requirements of five years for ordinary disability and none for accidental disability
93
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE G. POST-EMPLOYMENT BENEFITS (continued) Funding Policy Current retirees, dependents and survivors are not required to contribute toward the cost of the postretirement medical and prescription drug coverage. All costs are paid 100% by the City. Any employee who retires after satisfying the eligibility requirements who had less than 20 years of PERS or PFRS as of June 28, 2011, shall be required to contribute toward the cost of postretirement healthcare benefits. The retiree contributions are based on a percentage of the postretirement healthcare cost. The contribution percentages, which are phased-in over a four-year period, vary based on healthcare coverage tier and amount of PERS or PFRS pension amounts. Retired Police and Firefighters are not required to contribute toward the cost of post retirement life insurance benefits. The City currently accounts for these post retirement benefits on a pay-as-you-go basis. During the years ended December 31, 2017 and 2016, the City paid $23,854,172 and $20,518,187, respectively, for post-employment benefits. The City receives additional funding from the Early Retirement Reinsurance Program (ERRP) which is budgeted as a reduction to retiree health insurance costs. Actuarial Valuation Results Under GASB criteria, the City would recognize the cost of other post-employment benefits in the year when the employee services are received, report the accumulated liability from prior years, and provide information useful in assessing potential demands on the City’s future cash flows. However, since the City is using the modified accrual basis of accounting as prescribed by the Division, the City is not required to show any accrued liability on the face of its financial statements, only to the notes to those financial statements. The actuary has assumed the Annual Required Contribution will be amortized over 30 years, the maximum funding period. The OPEB’s benefit obligations, currently, are in two parts: (1) the present value of the benefits yet to be paid for those who are currently covered as retirees and (2) the present value of the benefits to be paid for those active participants once they become eligible for retiree benefits. Included in each present value is a cost for administering the retiree claims. The determination of the benefit obligation for those who are retired and covered involves estimating the survival and future claims for them and then discounting those future claims for the present time. With regard to the active group, a further estimate must be made regarding who will actually survive, in active employment, to retire and be covered after employment.
94
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE G. POST-EMPLOYMENT BENEFITS (continued) Actuarial Valuation Results – continued The Actuarial Accrued Liability is as follows:
Actuarial Assumptions and Methods Turnover – The actuary assumed that terminations of employment other than for death or retirement will occur in the future in accordance with twice the rate of the US Office of Personnel Management regarding the experience of the employee group covered by the Federal Employees Retirement System some excerpts from which are:
TerminationAge Percent20 35.2%40 8.0%50 0.0%
Furthermore, the actuary assumed no terminations of employment other than for death or retirement once an employee accrued ten years of service.
Actuarial Accrued LiabilityRetirees 561,855,273$ Active or Terminated Vested Participants Not Yet Retired 74,847,202 Other Active Participants 399,343,585
Unfunded Actuarial Accrued Liability 1,036,046,060$
Discount Rate 4.50%
Normal Cost 39,125,035$ Annual Amount Toward Unfunded
Actuarial Accrued Liability 60,865,518
Annual Required Contribution 99,990,553 Less: Actuarial Determined City Contribution (estimated) 28,476,360
Net Increase 71,514,193$
Summary of Valuation Results - December 31, 2016
95
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE G. POST-EMPLOYMENT BENEFITS (continued) Actuarial Assumptions – continued The remaining actuarial assumptions used to value the City’s post-employment benefits are as follows: Mortality: The mortality table employed is the 1994 sex distinct Group Annuity
Mortality Table.
Disability: No terminations of employment due to disability. Retirees resulting from a disability were factored into the actuary’s determination of age at retirement.
Age at Retirement: Police and Fire active employees, on average, will receive their benefits when eligible but no earlier than age 45. For those eligible to retire at such age, a 10% load in the actuarial liabilities was included. Civilian active employees, on average, will receive their benefits when eligible but no earlier than age 55
Spousal Coverage: Married employees will remain married.
Prior Service: No prior service for active employees.
Health Care Cost of Inflation:
Health care gross costs will increase at an annual rate of 7.0% for both Pre-Medicare and Post-Medicare benefits.
Administration Expenses
The annual cost to administer the retiree claims, approximately 2%, is included in the annual health care costs.
Final Average Salary
The actuary assumed that the final average salary for retirees age 55 and over is $78,000.
Current Per Capita Claims Costs
An annual average gross claims costs of $11,880 per covered retiree was used based on review of claims data for the 24 month period July 1, 2015 through December 31, 2016.
Methods
Actuarial Cost Method - There are several acceptable actuarial methods listed in the GASB standard. The actuarial cost method used to determine the plan’s costs is the “unit credit” cost method in establishing the annual required contribution and actuarial accrued liability for the participants. Asset Valuation Method - The plan is currently unfunded. Amortization Method and Period - The unfunded actuarial accrued liability is amortized as a level dollar amount using an open period of 30 years.
96
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE H. COMPENSATED ABSENCES Under the existing contracts and policies of the City, certain employees are allowed to accumulate certain levels of vacation and sick pay over the duration of their employment. As of December 31, 2017 and 2016, the total accumulated absence liability was $108,439,233 and $116,308,347, respectively. As of December 31, 2017 and 2016, the City had no reserves available to fund such obligations. During the year ended December 31, 2017, the City appropriated in its budget and expended $10,061,022 for compensated absences. During the year ended December 31, 2016, the City expended $8,373,405 for compensated absences, $1,634,427 from its accumulated absence reserve and the remaining $6,738,978 was expended without appropriation, and which was funded in the 2017 budget, as required by statute. As described more fully in Note D, total Special Emergency Notes issued for contractual severance payments and outstanding as of December 31, 2017 and 2016 were $9,700,000 and $14,700,000, respectively. No additional emergency appropriations were passed since 2015. NOTE I. RISK MANAGEMENT Disaster Recovery The City has entered into contracts with various vendors in an effort to protect its financial processes and data in the event unforeseen disaster should occur. Included in these contracts are offsite storage of financial data tapes and payroll data offsite backup. The latter also provides the City the ability to run such process offsite if needed. Insurance Coverage The City established a self-insurance program in 1982 in accordance with New Jersey Statute Chapter 40:10-6. The Chapter enables the governing body of any local unit to create a fund to provide insurance coverage for its exposure to a wide variety of property casualty risks, including property damage caused to any of the unit's property, motor vehicles, equipment or apparatus; liability resulting from the use or operation of such motor vehicles, equipment or apparatus; liability for the unit's negligence, including that of its officers, employees and servants and workers' compensation obligations.
97
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE I. RISK MANAGEMENT (continued) Insurance Coverage - continued The City self insures against tort claims (including claims arising from the use of motor vehicles), claims arising from police activities, unemployment compensation and workers' compensation lawsuits. The City has also obtained the following coverage:
Public officials' liability insurance with limits of $1,000,000 for employee theft, $1,500,000 for premises theft, $500,000 for computer fraud and $500,000 for forgery.
Directors and Officers liability policy with limits of $2,000,000.
General liability excess coverage of $2,500,000 per occurrence, $10,000,000 aggregate, per occurrence limit of $2,000,000 for workers’ compensation claims.
Building coverage ranging from $33,600 to $25,154,150, depending on the location insured.
Business personal property coverage ranging from $20,808 to $25,154,150, depending on the location insured.
Total property coverage of $246,825,449.
Commercial watercraft insurance providing hull coverage for $1,671,422 and protection and indemnity coverage in the amount of $1,000,000 per incident.
Recreation Department liability policy with limits of $1,000,000.
Flood insurance for various buildings totaling $630,000.
Site pollution incident legal liability select (spills) coverage in the amount of $25,000,000. NOTE J. CLEARING ACCOUNT The City maintains a clearing account in the Current Fund General Ledger so that cash received for revenues may be deposited promptly and distributed to proper accounts at a later date. The City also maintains a claims account, or a cash clearing bank account, from which bills are paid for the Current, Trust and Capital Funds.
98
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE K. PREPAID DEBT SERVICE – QUALIFIED BONDS The City reverted its fiscal year from one ending June 30, annually, to one ending December 31, annually. This resulted in a six month transition year as follows:
12 months ended June 30, 2010……………......
Final “June 30” Year End
July 1, 2010 through December 31, 2010…....... Six Month Transition Year
January 1, 2011 through December 31, 2011….. First “December 31” Year End
The Division requires municipalities reverting to a calendar year to anticipate a full year of State Aid during the six month Transition Year. Whereas the City receives State Aid in two forms; (1) direct cash receipts from the State, and (2) debt payments made by the State on behalf of the City (Qualified Bonds), the City realized State Aid during the Transition Year as follows:
As a result, the City recognized State Aid revenues in the amount of $17,005,234 for debt service payments of the succeeding year, resulting in prepaid debt service at year end. The following schedule summarizes the State Aid received, qualified bond payments applied and the prepaid amounts as of December 31, 2017 and 2016.
Six Month Transition Year Ended December 31, 2010
State Aid Anticipated 66,933,632$ Less:
State Aid Received in Cash 28,599,305$ Qualifed Bond Program Payments 21,329,093
Subtotal: Aid Received 49,928,398
Prepaid Debt Service (To Realize State Aid in Full) 17,005,234$
2017 2016
Balance, Beginning of Year 12,562,462$ 17,029,830$
Add: State Aid 67,050,310 69,465,660 79,612,772 86,495,490
Less: Received in Cash 21,867,610 25,893,268 Qualified Bond Payments 46,019,272 48,039,760
Balance, End of Year 11,725,890$ 12,562,462$
99
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE L. FIXED ASSETS In accordance with accounting practices prescribed by the Division, and as further detailed in Note A, no depreciation has been provided for and fixed assets acquired through grants in aid or contributed capital have not been accounted for separately. The City had the following investment balance and activity in general fixed assets as of and for the year ended December 31, 2017:
The City had the following investment balance and activity in general fixed assets as of and for the year ended December 31, 2016:
NOTE M. PREPAYMENTS OF PILOT REVENUES
The City has entered into certain financial agreements under the Long Term Tax Exemption Law, which allows developers to pay Annual Service Charges in Lieu of Taxes (PILOTs) upon completion of such construction projects. The City further structured many PILOT agreements prior to 2009 whereas (a) entities would prepay to the City, upon execution of the agreement and well in advance of project completion, the first year’s estimated Annual Service Charge and (b) the City would be required to refund or credit this prepayment to the entity once the project is completed, typically over a period of four years. The City realized these prepayments as revenues in the period received. In each of the first four years after project completion, the City reduces the amount of revenues from the calculated Annual Service Charges by crediting 25% of the prepaid amount each year. As of December 31, 2017 and 2016, the balance of City revenues collected in prior years which will be applied as refunds and credits on Annual Services Charges was $10,725,000 (estimated) and $12,725,940, each year.
Balance, Balance,Dec. 31, 2016 Additions Dispositions Dec. 31, 2017
Land 138,916,522$ -$ 11,156,322$ 127,760,200$
Improvements 130,980,911 100,667,505 - 231,648,416
Machinery and Equipment 79,395,979 - 24,472,265 54,923,714
349,293,412$ 100,667,505$ 35,628,587$ 414,332,330$
Activity During Current Year
Balance, Balance,Dec. 31, 2015 Additions Dispositions Dec. 31, 2016
Land 135,599,800$ 3,316,722$ -$ 138,916,522$
Improvements 125,658,997 5,321,914 - 130,980,911
Machinery and Equipment 62,024,548 17,371,431 - 79,395,979
323,283,345$ 26,010,067$ -$ 349,293,412$
Activity During Current Year
100
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE N. DEFERRED CHARGES TO BE RAISED IN SUCCEEDING BUDGETS Certain expenditures are required to be deferred to budgets of succeeding years. At December 31, 2017, the following deferred charges are shown on the balance sheets of the various funds. The appropriations in the 2018 budget are not less than that required by statute.
Further descriptions of the above deferred charges follow. Contractual Severance Liabilities - A significant number of employees either retired or otherwise had their employment with the City terminated. The City passed special emergency appropriations to provide for payment of the resulting severance liabilities in 2015, 2014, 2013 and for $8,000,000, $7,500,000, $9,5000,000, and $9,500,000, respectively. The current balance to be raised is noted in the preceding table. The special emergency appropriations were financed with special emergency notes, discussed further in Note D. Superstorm Sandy - During the year ended December 31, 2012, the City suffered extensive damages from the effects of Superstorm Sandy and subsequent flooding. The City passed Resolution No. 12-842 which consisted of two emergencies related to this storm. The first is a $580,000 emergency appropriation and the second is a $15,420,000 special emergency appropriation. On March 28, 2013, the City adopted Ordinance No. 13-031 which re-appropriated $10,000,000 of this emergency as a capital ordinance for items as allowable under State statutes. The current balance to be raised in future current fund budgets is noted in the preceding table.
Add: Less: Balance toBalance, Results of 2017 Budget Balance, 2018 Budget Succeeding
Dec. 31, 2016 Current Year Appropriation Dec. 31, 2017 Appropriation Budgets
Current Fund:Special Emergency Authorizations (40A:4-53.b)
Revaluation of Properties-2016 5,000,000$ -$ 1,000,000$ 4,000,000$ 1,000,000$ 3,000,000$
Special Emergency Authorizations (40A:4-53.h)Contractual Severance Payments-2013 3,800,000 - 1,900,000 1,900,000 1,900,000 - Contractual Severance Payments-2014 4,500,000 - 1,500,000 3,000,000 1,500,000 1,500,000 Contractual Severance Payments-2015 6,400,000 - 1,600,000 4,800,000 1,600,000 3,200,000 -
Special Emergency Authorizations (40A:4-54)Superstorm Sandy 932,496 - 932,496 - - -
Expenditure without an AppropriationContractual Severance Payments-2016 6,738,978 - 6,738,978 - - -
Trust Fund:Overexpenditure of Private Duty Reserve - 153,900 - 153,900 153,900 -
27,371,474$ 153,900$ 13,671,474$ 13,853,900$ 6,153,900$ 7,700,000$
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE N. DEFERRED CHARGES TO BE RAISED IN SUCCEEDING BUDGETS (continued) Revaluation of Properties - During the year ended December 31, 2016, the City passed a Special Emergency Appropriation in the amount of $5,000,000 for the preparation and execution of a complete program of revaluation of real property for the use of the local assessor. The current balance to be raised is noted in the preceding table. Expenditure without Appropriation - During the year ended December 31, 2016, the City expended $6,738,978 for contractual severance liabilities for which there was no legal appropriation. In accordance with N.J.S.A. 40A:4-57, such expenditure without appropriation is required to be raised in full in the budget of the succeeding year. Overexpenditure of Trust Fund Reserve - During the year ended December 31, 2016, the City expended $153,900 in excess of funds collected for Private Duty fees. This deferred charge was established in 2017 and is raised in full in the budget of 2018. NOTE O. RELATED PARTY TRANSACTIONS JERSEY CITY MUNICIPAL UTILITIES AUTHORITY On February 1, 1998, the City transferred its water operating functions to the Jersey City Municipal Utilities Authority (JCMUA). Pursuant to the franchise and service agreement, the City and the JCMUA agreed that the JCMUA will, in addition to paying the City an up-front franchise fee and annual franchise concession fees, (a) assume the responsibility for and the payment of the principal and interest on the City's water bonds; (b) pay the City for the oversight of the operations of the water system and (c) provide water and sewer service to the City free of charge for all governmental public facilities as identified by the City. As noted above, the JCMUA is responsible to reimburse the City for payments of principal and interest on water bonds. The amount of Water Serial Bonds payable, and therefore the corresponding amount receivable from the JCMUA to the City’s Capital Fund, at December 31, 2017 and 2016 was $21,150,000 and $25,590,000, respectively. During the year ended June 30, 2003, the City and the JCMUA agreed to extend the franchise agreement through March 31, 2028 for the price of $42,000,000. The City received $28,000,000 for the franchise extension in 2003 and 2004 combined, while the final payment of $14,000,000 was deferred and collected in 2016, rendering the balance due collected in full.
102
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE O. RELATED PARTY TRANSACTIONS (continued) During the year ended December 31, 2017, the City overpaid $1,604,940 to the JCMUA for sewer and water fees collected as a result of its annual accelerated tax sale. This amount appears as a receivable on the City’s Current Fund balance sheet as of December 31, 2017. A summary of the amounts due from the JCMUA at December 31, 2017 is as follows:
A summary of the amounts due from the JCMUA at December 31, 2016 is as follows:
During the year ended December 31, 2017 and 2016, the City also received the following payments from the JCMUA:
Franchise Concession Payments of $21,000,000 and $20,000,001, respectively.
Franchise Extension Fees of $-0- and $14,000,000, respectively (as described in the preceding paragraphs)
Water Debt Service Payments of $5,189,955 (for principal of $4,440,000 and interest of $749,955) and $$3,837,778 (for principal of $2,950,000 and interest of $887,778), respectively.
Deferred Charges to Future Water Rents of $1,461,658 and $-0-, respectively, for the purpose of funding fully expended improvement authorizations that were not funded by notes or bonds.
Balance Payments BalanceDec. 31, 2016 Increased Received Dec. 31, 2017
Current Fund:Overpayment of Tax Sale Fees -$ 1,604,940$ -$ 1,604,940$
Capital Fund:Water Bond Principal 25,590,000 - 2,535,000 23,055,000
25,590,000$ 1,604,940$ 2,535,000$ 24,659,940$
Balance Additional Payments BalanceDec. 31, 2015 Debt Issued Received Dec. 31, 2016
Current Fund:Franchise Extension Agreement 14,000,000$ -$ 14,000,000$ -$
Capital Fund:Water Bond Principal 28,645,000 190,000 3,245,000 25,590,000
42,645,000$ 190,000$ 17,245,000$ 25,590,000$
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE O. RELATED PARTY TRANSACTIONS (continued) JERSEY CITY BOARD OF EDUCATION As described in Note D, although the Jersey City Board of Education (JCBOE) is a Type II School District effective November 4, 2008, prior to that date the Board of Education operated as a Type I School District, therefore, bonds and notes authorized by the Board of Education prior to November 4, 2008 are general obligations of the City, are reported on the balance sheet of the City’s General Capital Fund and are accordingly included in the summary of municipal debt. The City budgets the principal and interest payments of the Board of Education’s obligations as they become due. These obligations are funded by the City through an amount to be raised by taxation called “addition to local district school tax”, less any regular school debt service aid received from the State of New Jersey. For the years ended December 31, 2017 and 2016, the City’s budget included the following debt service requirements of the Board of Education and corresponding anticipated revenues:
NOTE P. INTERFUND BALANCES The City has various transactions by and between its individual funds. Certain accounts of the Trust and Capital Funds earn interest which is required to be recorded as revenue in the Current Fund budget. Other transactions include budget appropriations in the Current Fund which are required to be turned over to the Federal and State Grant, Trust and Capital Funds. All these transfers are routine and are consistent with the activities of the funds making the transfers.
Dec. 31, 2017 Dec. 31, 2016Debt Service Requirements of the Board of Education:
Maturing Serial Bonds - School Qualified 6,325,000$ 12,355,000$ Interst on Bonds - School Qualified 780,819 1,006,441
7,105,819 13,361,441 Less: Applicable Revenues Anticipated
Building Aid Allowance for School Aid* 3,189,788 5,658,968
Balance for Support of Board of Education:Addition to Local District School Tax 3,916,031$ 7,702,473$
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE P. INTERFUND BALANCES (continued) Transfers by and between the City’s funds during the years ended December 31, 2017 and 2016 consisted of the following:
Current Fund interfunds receivable are fully reserved and recognized as credits to operations in the year the interfunds are received in cash. Interfunds receivable in the Trust Funds and General Capital Fund are not reserved. The City expects to fully repay all balances in the subsequent year.
As of December 31, 2017, the City had the following interfunds on its balance sheets:
As of December 31, 2016, the City had the following interfunds on its balance sheets:
Transfers In Transfers Out Transfers In Transfers Out
Current Fund 437,602,709$ 449,142,132$ 287,336,721$ 287,174,745$ Federal & State Grants Fund 28,787,813 28,489,066 24,784,423 23,667,351 General Capital Fund 65,749,520 65,611,465 1,398,353 2,517,139 Animal Control Fund 324 241 - 17 Trust Fund - Other Funds 27,996,403 27,765,614 11,043,625 11,170,841 Open Space Trust Fund 623,000 1,246,000 - - Payroll Clearing Fund 335,736,542 324,241,793 252,945,712 252,978,741
896,496,311$ 896,496,311$ 577,508,834$ 577,508,834$
December 31, 2017 December 31, 2016
Amount Due From Fund Due To Fund103,817$ Grants Trust - Other Off Duty Police from Prior Year500,009 General Capital Trust - Other Charged Incorrect Fund for Equip.85,328 Current Trust - Other Anticipated Revenues
236,814 Trust - Other Current Various Trust Sub-Accounts623,000 Trust - Other Open Space Levy Transferred to Incorrect Fund63,481 Trust - Other Payroll Clearing Federal Grant Payrolls
96 Animal Control Current Miscellaneous11,469,449 Payroll Clearing Current Erroneous Payroll Transfers
9,086 Grants Payroll Clearing Grant Share of Payroll Costs329,337 Current General Capital Budget Appropriation and Interest142,235 Grants Current Reserves Cancelled / Chargebacks
Purpose
Amount Due From Fund Due To Fund147,426$ Current Grants Grant Cancelled in Prior Year
2,587 Current Trust - Other Miscellaneous32,617 General Capital Current Interest Earned
13 Animal Control Current Miscellaneous71 Payroll Clearing Current Miscellaneous
11,818 Trust - Other Current Anticipated Revenues103,817 Trust - Other Grants Off Duty Police97,938 Payroll Clearing Trust - Other Federal Grant Charges
Purpose
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE Q. REVENUE ACCOUNTS RECEIVABLE Revenue accounts receivable include various receivables due from entities for revenues anticipated in support of the City’s budget. These receivables are fully reserved. The following table illustrates the activity of the revenue accounts receivable balances for the year ended December, 2017:
The following table illustrates the activity of the revenue accounts receivable balances for the year ended December, 2016:
NOTE R. ECONOMIC DEPENDENCY State Aid
The City is a recipient of State Aid. During the years ended December 31, 2017 and 2016, State Aid accounted for 11% and 12%, respectively, of the City’s realized revenues. Significant changes in State Aid policy, if they were to occur, in conjunction with legislation capping increases to the tax levy, could have a material impact on the City’s operations, if any such policy modifications were to occur.
Balance Current Year BalanceDec. 31, 2016 Accruals Collections Dec. 31, 2017
Municipal Court Fines and Costs 1,115,339$ 16,459,799$ 16,329,597$ 1,245,541$ Parking Enforcement Fees - 1,763,676 1,648,882 114,794 Total of Revenue Accounts Not Accruing Receivables - 221,999,939 221,999,939 -
Total Revenue Accounts Receivable 1,115,339$ 240,223,414$ 239,978,418$ 1,360,335$
Balance Current Year BalanceDec. 31, 2015 Accruals Collections Dec. 31, 2016
Hackensack Meadowlands Adjustment 44,615$ 605,487$ 650,102$ -$ Municipal Court Fines and Costs 1,026,824 13,680,522 13,592,007 1,115,339 Due from FEMA (Hurricane Sandy) 846,146 773,724 1,619,870 - Total of Revenue Accounts Not Accruing Receivables - 224,771,063 224,771,063 -
Total Revenue Accounts Receivable 1,917,585$ 239,830,796$ 240,633,042$ 1,115,339$
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE R. ECONOMIC DEPENDENCY (continued) Major Taxpayers
The City does not have significant economic dependence on any one taxpayer. However, the ten largest taxpayers of the City as listed in the table on the following page comprise 8.7% and 10.5%, respectively, of the City’s total tax levies for the years ended December 31, 2017 and 2016.
2017 Top 10 TaxpayersName Type Assessed Value
1. Mack Cali Plaza II & III………………………....….Office……… $ 102,942,500 2. 101 Hudson Realty, LLC ……………………....….Office……… 90,855,800
Mixed - Retail,3. Newport Centre (Rego Park) ……………………..Office, Hotel… 70,111,500 4. Newport Centre, LLC ……………………………..Shopping….. 58,088,000 5. MEPT Newport Tower …………………… ....….Office……… 45,000,000 6. John Hancock Life Insurance ………………....….Office……… 43,215,400 7. Wells REIT II - Int'l Financial Tower………....….Office……… 35,625,000 8. Grove Pointe Urban Renewal …………………..Development… 34,512,100 9. RREEF America REIT II …………………….…..Warehousing… 30,406,200
10. Tower East, U.R. …………………………………..Development… 30,194,000
$ 540,950,500
Net Valuation Taxable $ 6,229,997,658 Top 10 Taxpayers as a Percentage of Assessments 8.7%
2016 Top 10 Taxpayers
Name Type Assessed Value
1. NC Housing Associates……………………....….Office……… $ 132,666,800 2. Cali Harborside Associates…………… ....….Office……… 120,092,000 3. 101 Hudson St. Associates …………………....….Office……… 90,855,800 4. Newport Centre, LLC (Indianapolis) …………..Shopping….. 58,088,000 5. MEPT Newport Tower ………………………....….Office……… 45,000,000 6. John Hancock Life Insurance ………………....….Office……… 43,490,400 7. 70 Columbus Urban Renewal, LLC …………....….Office……… 42,775,100
Mixed - Retail,8. Newport Center (Rego Park)……………………..Office, Hotel… 39,253,400 9. Wells REIT ……………………………………....….Office……… 35,625,000
Mixed - Residential,10. Grove Pointe, Urban Renewal …………………..Office, Retail… 34,512,000
$ 642,358,500
Net Valuation Taxable $ 6,093,045,338 Top 10 Taxpayers as a Percentage of Assessments 10.5%
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE R. ECONOMIC DEPENDENCY (continued) Major Payers in Lieu of Taxes
Below are listed the ten largest PILOT agreements in terms of realized revenues for the years ended December 31, 2017 and 2016. These PILOT agreements comprise 28% and 27.7%, respectively, of the PILOT revenues collected and 6.4% and 6.3%, respectively, of total Current Fund revenues.
NOTE S. LEASE COMMITMENTS
The City has various operating and capital lease commitments at December 31, 2017 and 2016 for office space, employee parking, police vehicles and fire apparatus. Descriptions of the capital leases follow: Fire Apparatus – In 2014 the City acquired two fire apparatus for a total original cost of $1,761,871. The terms of these leases are 7 and 8 years with total annual payments of $232,769 through 2021 and a payment of $132,488 in 2022.
Name Payment Name Payment
K. Hovnanian at 77 Hudson St., K. Hovnanian at 77 Hudson St.,
Urban Renewal Co., LLC …………… $ 5,127,959 Urban Renewal Co., LLC …………… $ 5,461,594
Vector UR Assoc. I (Harborspire I) …… 4,487,423 Cali Harbor Plaza V ……………………… 5,004,793
30 Hudson Street ……………………… 4,432,741 Vector UR Assoc. I (Harborspire I) …… 4,649,159
Port Liberte II …………………………… 4,029,645 GSJC 30 Hudson Street ………………… 4,420,115
Cali Harbor Plaza V ……………………… 3,731,479 James Monroe ………………………… 3,769,187
James Monroe ………………………… 3,642,976 Libert Towers Urban Renewal
Libert Towers Urban Renewal Essex Waterfront …………………… 3,711,896
Essex Waterfront …………………… 3,580,777 Liberty Harbor North, Urban Renewal
90 Hudson Urban Renewal …………… 3,140,919 (Metro Homes) - Gulls Cove ………… 3,227,499
EQR at 77 Hudson Street ……………… 3,016,749 90 Hudson Urban Renewal …………… 3,180,776
Newport Office Center VII …………… 2,920,031 Newport Office Center IV ……………… 3,168,588
Portofino Towers ………………… 3,162,570 $ 38,110,699 $ 39,756,177
Total PILOT Revenues $ 137,532,843 Total PILOT Revenues 141,808,933$ Top 10 PILOT Revenues as a Percentage of: Top 10 PILOT Revenues as a Percentage of:
PILOT Revenues 27.7% PILOT Revenues 28.0%Total Revenues 6.3% Total Revenues 6.4%
2016 Top 10 PILOTs 2017 Top 10 PILOTs
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE S. LEASE COMMITMENTS (continued) Police Vehicles – In 2016, the City entered into two leases for the acquisition of a total of 29 police interceptor vehicles and 3 SUVs. The first lease is for 24 police interceptor with total annual payments of $241,920 from December 15, 2016 through December 15, 2020. The second lease is for five police interceptor vehicles and three SUVs with total annual payments of $83,700 from December 15, 2016 through December 15, 2020. Both leases contained a bargain purchase option of $1 for each vehicle. MLK HUB - A $1 bargain purchase option for the “MLK HUB” located at the intersection of Kearney Avenue and Martin Luther King Drive as authorized by Ordinance No. 15.020 adopted on March 11, 2015. The basic term of this lease agreement is 25 year bondable triple net lease with base rent payments commencing on the date of substantial completion of the building, but not later than February 1, 2017. Annual rent will range from a minimum of $963,000 in the first five years of the lease to a minimum payment of $1,944,708 in year 25. Total minimum payments under the lease would be $35,889,174. The minimum future operating and capital lease payments are as follows:
Year EndedDecember 31, Total Operating Capital
2018 2,618,379$ 1,004,739$ 1,613,640$
2019 1,874,968 261,328 1,613,640
2020 1,809,811 213,226 1,596,585
2021 1,504,444 216,424 1,288,020
2022 1,639,752 219,671 1,420,081
2023-2027 8,098,189 1,096,242 7,001,947
2028-2032 8,518,583 1,118,398 7,400,185
2033-2037 9,098,713 726,163 8,372,550
2038-2042 7,645,653 - 7,645,653
42,808,492$ 4,856,191$ 37,952,301$
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE T. AGGREGATION OF ENCUMBRANCES Other significant commitments include encumbrances outstanding for the Current, Trust and General Capital Funds. Below are the aggregated outstanding encumbrances as of December 31, 2017.
Below are the aggregated outstanding encumbrances as of December 31, 2016.
All encumbrances noted above are included on the balance sheets of the City.
Federal and State General TotalCurrent Fund Grants Fund Trust Funds Capital Fund Encumbrances
Budget Year 2017 26,654,920$ -$ -$ -$ 26,654,920$ Other Reserves 1,412,144 - - 71,589 1,483,733 H. Sandy Expenditures 730 - - - 730 Animal Control Fund - - 3,344 - 3,344 Other Trust Fund - - 17,456,304 - 17,456,304 Grant Reserves - 7,041,726 - - 7,041,726 Improvement Authorizations - - - 14,394,670 14,394,670
28,067,794$ 7,041,726$ 17,459,648$ 14,466,259$ 67,035,427$
Federal and State General TotalCurrent Fund Grants Fund Trust Funds Capital Fund Encumbrances
Budget Year 2016 18,262,345$ -$ -$ -$ 18,262,345$ Other Reserves 16,035 - - 131,286 147,321 Revaluation 1,170,000 - - - 1,170,000 H. Sandy Expenditures 730 - - - 730 Animal Control Fund - - 8,131 - 8,131 Other Trust Fund - - 23,387,753 - 23,387,753 Grant Reserves - 12,426,499 - - 12,426,499 Improvement Authorizations - - - 15,892,531 15,892,531
19,449,110$ 12,426,499$ 23,395,884$ 16,023,817$ 71,295,310$
110
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE U. TAX ABATEMENTS The City negotiates property tax abatement agreements on an individual basis. The City has tax abatement agreements with approximately 180 entities as of December 31, 2017:
The full amount to be raised by taxes for support of each Government’s budget is levied on properties not subject to such agreements, therefore there is no aggregate reduction of tax revenue to the Governments as a result of the abatement. These agreements were negotiated under the Long Term Tax Exemption Law, N.J.S.A. 40A:20-1 et seq. (the Law), which authorizes municipalities to enter into financial agreements with Urban Renewal Entities. An Urban Renewal Entity is a limited-dividend entity or a nonprofit entity which undertakes redevelopment projects (both commercial and residential), relocation projects for residents displaced by the redevelopment area, and low and moderate income housing projects in return for tax exemptions, or payments in lieu of taxes referred to as “annual service charges”. The Law allows annual service charges to be calculated as a percentage of either gross revenue from each unit of the project or from total project cost, if the project is not undertaken in units. In the case of low and moderate income housing projects, the annual service charge shall not exceed 15% of annual gross revenue or 2% of total project cost. For all other projects, the annual service charge shall not be less than 10% of annual gross revenue or 2% of total project cost. The City’s abatements are across in multiple categories. There are a total of five stages in the abatement period. The final four phases require the Urban Renewal Entity to remit the greater of the agreed upon annual service charge or 20%, 40%, 60% and 80%, respectively, of the amount of taxes otherwise due on the value of the land and improvements.
Received for AggregateTaxes if Billed Payments in Payments Reduction of
Taxing at Full 2017 Lieu of Taxes to Other GovernmentPurpose of Agreements Government Tax Rate & Land Tax Governments Amount (%) Revenue
Construction of Commercial and School 51,950,931$ -$ -$ 51,950,931$ 100% -$ Residential Redevelopment Projects, County 56,095,088 - 2,822,041 53,273,047 95% - Low and Moderate Income Housing City 103,224,713 144,360,683 (2,822,041) (38,313,929) -37% - Projects and Relocation Projects Total 211,270,732$ 144,360,683$ -$ 66,910,049$ 32% -$
Budget Revenues 141,808,933$ Non-Budget Revenues 2,551,750
144,360,683$
Taxes Abated
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CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE U. TAX ABATEMENTS (continued) The Law only allows for taxes on improvements to be abated. Taxes on land are billed quarterly to the Urban Renewal Entity and are credited against the annual service charges due. To administer the billing, the land value and improvement value of the abated property are separate line items in the tax assessment and collection records. The land value is billed quarterly at the total property tax rate. The improvement value is classified as exempt property (Class 15F), generating no bill. Under the Law, abatements may provide for an exemption period of less than 30 years from the completion of the entire project or less than 35 years from the execution of the financial agreement. Further, Urban Renewal Entity profits are restricted and any excess profits are payable to the municipality as an additional annual service charge. The Law does not provide for the recapture of abated taxes in the event an abatement recipient does not fulfill the commitment it makes in return for the tax abatement. However, in the event of default, the City has the right to proceed against the property pursuant to the In Rem Tax Foreclosure Act, N.J.S.A. 54:5-1 and/or may terminate the agreement. The City has not made any commitments as part of the agreements other than to reduce taxes. The City is not subject to any tax abatement agreements entered into by other governmental entities. NOTE V. CONTINGENCIES Non-Recourse Debt On November 13, 2013, the City adopted Ordinances 13.122 through 13.124 approving the execution of financial agreements with Journal Square I Urban Renewal, LLC, Journal Square II Urban Renewal, LLC and Journal Square III Urban Renewal, LLC related to the authorization and issuance by the Jersey City Redevelopment Agency of not to exceed $10,000,000 for each agreement ($30,000,000 total) of Redevelopment Area Bonds. On February 8, 2017, Ordinance 16.194 was adopted approving the execution of a financial agreement with Paulus Hook Urban Renewal, LLC related to the authorization and issuance by the Jersey City Redevelopment Agency of not to exceed $1,000,000 of Redevelopment Area Bonds Under N.J.S.A. 40A:12A-67, these bonds are issued as non-recourse obligations to the full faith and credit of the City and are not considered to be direct and general obligations of the City. The City is not obligated to levy and collect tax sufficient in an amount to pay the principal and interest on the bonds when they become due and payable. Further, these bonds are not considered gross debt of the City on any debt statement filed in accordance with the Local Bond Law, N.J.S.A. 40A:2-1 et sq.
112
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE V. CONTINGENCIES (continued) Arbitrage Rebate The City is subject Section 148 of Internal Revenue Code, which was enacted to minimize the arbitrage benefits from investing gross proceeds of tax-exempt bonds in higher yielding investments and to remove the arbitrage incentives to issue more bonds, to issue bonds earlier, or to leave bonds outstanding longer than is otherwise reasonably necessary to accomplish the governmental purposes for which the bonds were issued. During the year ended December 31, 2017 and 2016, the City was not obligated to remit any funds for arbitrage rebate, yield reduction and interest payments. Grant Programs The City participates in several federal and state financial assistance grant programs. Entitlement to the funds is generally conditional upon compliance with terms and conditions of the grant agreements and applicable regulations, including the expenditures of funds for eligible purposes. The state and federal grants received and expended in the years ended December 31, 2017 and 2016 were subject to the Uniform Guidance and NJ OMB Circular 15-08, which mandate that grant revenues and expenditures be audited in conjunction with the City’s annual audit. In addition, these programs are also subject to compliance and financial audits by the grantors or their representatives. In a report dated March 30, 2016, the City was notified by the Office of Inspector General (OIG) that, among other concerns, the City should reimburse $11,532,769 million in program income to the City’s CDBG bank account, for program income the OIG claims the City generated on the disposition of real property. The City continues to appeal these findings. It is the opinion of outside Counsel that the City should be able to defend its CDBG expenditures and develop the documentation needed to avoid repayment of funds.
113
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE V. CONTINGENCIES (continued) Tax Appeals The City is a defendant in various tax appeals, the extent of which is not unusual for a municipality of its size. In the past, the City has utilized both the Reserve for Tax Appeals account, which is funded through budget appropriations, and has issued refunding notes to pay for the appeals. During the years ended December 31, 2017 and 2016 the City appropriated a total of $2,400,000, each year, respectively, to fund tax appeal interest and overpayments. During the years ended December 31, 2017 and 2016, the City further funded tax appeal payments through a charge to operations of $6,729,583 and $1,206,040, respectively. Litigation The City of Jersey City, its officers and employees are defendants in a number of lawsuits including, but not limited to, lawsuits arising out of alleged torts, alleged breaches of contract and alleged violations of civil rights, none of which is unusual for a municipality of its size. The City is also engaged in activities, such as police protection and public works construction, which could result in future litigation with a possible significant monetary exposure to the City. Based upon the information available to date, it does not appear that any individual lawsuit or the cumulative effect of these lawsuits will impair the City’s ability to pay any judgments or settlements in an orderly manner, since the likelihood is that the amount of any judgments and eventual settlements will be much less than the amount claimed, and payments can be spread over two or more fiscal years. Because many lawsuits are still in the discovery stage, the Corporation Counsel is unable to determine the probability of a successful defense to them at this time. The City self-insures against tort claims, which include general liability, automobile liability, employment practices, public officials and police professional and workers compensation lawsuits. The City also carries excess insurance for all lines of coverage which provides $2 million coverage with a self-insured retention in the amount of $1 million for each covered event. The cases listed below have a potential monetary exposure in excess of $500,000.
114
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE V. CONTINGENCIES (continued) 212 Marin Blvd. et. al. v City of Jersey City (Sixth Street Embankment) – This case involves various complex lawsuits involving the original plaintiffs, counter suits and notices of intent to file by outside parties. It was originally brought by several commonly owned/controlled LLC (“the LLCs”) entities owning property know as the Sixth Street Embankment, alleging that the City has interfered with their development rights and violated constitutional rights. These matters have been pending in Superior Court for several years despite numerous attempts to achieve a settlement. The main case is now before the Surface Transportation Board (STB) in Washington DC, where the City has so far been successful. The state court cases have been “stayed” pending resolution of the matter in Washington. The LLCs have filed a State lawsuit contesting the City’s authority to invoke the OFA remedy. On January 13, 2016, the City was authorized to file an Offer of Financial Assistance (OFA) (a federal eminent domain remedy) to acquire this property. During 2016, a third party sought to file an OFA in competition with the City but on behalf of a developer. A series of motions, sanctions and appeals related to the involvement of this third party may continue to delay the issuance of any “OFA” schedule by the STB. Further, on July 14, 2017, the New Jersey State Historic Preservation Office found the entire branch eligible for listing on the State and National registers and entirely protected by Section 106. The STB, under Section 106, is required to assess whether the license required for the abandonment of the railroad branches within the Sixth Street Embankment will have an adverse impact on (potential) historic assets. The local historic landmarking of the Embankment has been upheld against the LLCs challenge. The LLCs are also appealing the denial of demolition permits by the Zoning Board of Adjustment. Such appeal has been stayed. The City’s claim to set aside Conrail deeds to the LLCs, as well as the LLCs related damage claims alleging deprivation of property rights and alleged tortious interference and similar tort claims, have been stayed pending the outcome of federal litigation. The property has an appraised value in excess of $6,000,000. The developer’s last demands may have been in the range of $30 million to $100 million. The City continues to vigorously pursue its efforts to keep a transportation corridor on the Harsimus Brank intact for both rail and trail purposes, and for compatible park and historic preservation purposes, both through STB litigation and now in settlement negotiations. Counsel has noted these matters have been pending for several years despite numerous attempts to achieve a settlement and that the City continues to defend against all claims. Bruno v City of Jersey City - Wrongful death and personal injury case. Third person invaded apartment of plaintiff, killed infant and injured occupant. Plaintiff alleges JCPD failed to enforce restraining order or act on outstanding warrant. The trial started on August 7, 2017. At the conclusion of the plaintiff’s case, the City was granted a directed verdict all claims. On October 17, 2017, plaintiffs filed a notice of appeal. If plaintiffs are successful on appeal and re-trial granted, exposure could surpass $1,000,000.
115
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE V. CONTINGENCIES (continued) MEPT v City of Jersey City - In 2009, the City entered into financial agreements with plaintiffs concerning tax abatements for property in the city. Under the terms of the financial agreements, plaintiffs paid $710,769 to affordable housing trust fund contribution and also made a prepayment of $2 million to the city. Approximately 6 years after the financial agreements were signed, plaintiffs sold the property and commenced this declaratory judgment action seeking to recover the monies which they previously paid. On October 4, 2016, the court entered an order in favor of plaintiffs and awarded them the sum of $2,710,769. Shortly thereafter, the City moved for reconsideration of the court’s order and this motion was denied. The City filed a notice of appeal. The appellate division partially reversed the trial court, and lowered the amount owed to approximately $2,000,000. The City has filed a petition for certification to the Supreme Court. Montone v City of Jersey City – This federal lawsuit involves allegations by a retired police sergeant that the defendants did not promote her because of her political affiliation and gender. This matter has been litigated in state and federal court. After discovery, summary judgment was granted to the Jersey City defendants on both the state and federal causes of action; however, the plaintiff appealed the matter to the Third Circuit Court of Appeals. The Third Circuit reversed the district courts holding and remanded the matter to the lower court. On April 16, 2017, this matter was tried. The jury awarded plaintiff approximately $280,000 in lost wage damages. The City contends that the court made numerous evidentiary errors and intends on filing an appeal. Astriab v City of Jersey City – This lawsuit is the companion case to the V.M. matter noted in the previous paragraph. In this case, eight other sergeants allege that because V.M. was wrongfully not promoted to Lieutenant, they could not be promoted since they were behind her on the promotion list. With regard to damages, they claim they are entitled to the difference in pay and benefits between what they would have received if they had been promoted and what they actually have received, including pay, benefits and pension contributions/value. These claimed damages continue to accrue as the case proceeds. This matter has the same procedural history as V.M. case. After the trial in this matter, the jury awarded the plaintiff’s approximately $2,000,000 in damages. The City contends that the court made numerous evidentiary errors and intends on filing an appeal. Oliver/D’Onofrio v City of Jersey City – While crossing the street on October 23, 2015, decedent was hit by a vehicle driven by one of the co-defendants. The victim was transported to Jersey City Medical Center and died approximately 3 days later. Plaintiff alleges that the street lights were not working at the time of the accident and caused the driver to hit the decedent. The City intends on filing a motion for summary judgment at the conclusion of the discovery period. Because this is a wrongful death matter, the city’s exposure may exceed $700,000.
116
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE V. CONTINGENCIES (continued) O’Donnell v City of Jersey City – On February 22, 2016, two decedents, while driving, were struck by another vehicle. A witness allegedly saw a police officer seen conferring with the driver of the vehicle which struck the defendants moments before the accident. Plaintiff alleges the police officer breached his duty by not stopping the driver from continuing on the road, and this resulted in the fatal accident. Counsel suggests exposure in the case could well exceed $700,000.
Mays v. City of Jersey City - Plaintiff, the City's Deputy Tax Assessor, has brought a claim in federal court for race discrimination and retaliation. She also alleges a whistleblower claim under CEPA. Discovery is ongoing. Written discovery is complete, plaintiff has been deposed, and plaintiff's counsel has deposed approximately ten defense witnesses. If plaintiff is able to prove her claims at trial, she could obtain an award between $200,000 and $300,000 for her severe emotional distress, as well as an attorneys' fees award between $250,000 and $300,000.
O’Neill v. City of Jersey City - This is claim, which is not currently in litigation, that involves three (3) Jersey City Police Officers that were acquitted of criminal charges that related to conduct that allegedly occurred while performing duties as a police officer. These officers were suspended without pay between being indicted and their acquittals, which was a period of approximately 2 ½ years. Pursuant to two (2) New Jersey statutes, these officers are seeking: (a) back pay and benefits as well as other emoluments of their employment during the time of the suspension without pay and (b) legal fees incurred as a result of hiring criminal defense attorneys to defend against the charges. The combined value of all claims of these 3 officers could exceed $700,000.
Chesler et al v. City of Jersey City - This case involves employment-related causes of action (discrimination, retaliation, violation of civil rights, etc.) brought by two (2) supervisory-level Jersey City police officers against the City and several individual defendants. The 2 Plaintiffs in this case are among the 3 officers in the above mentioned criminal case. During the period while the criminal charges were pending, the civil case was administratively terminated by the federal court. However, we expect that the Plaintiffs will soon reactivate the case in light the termination of the criminal case – and perhaps add additional defendants and causes of action. Although the City intends to vigorously defend the case, the value of these claims could exceed $700,000 due to the procedural history of this case, including the acquittals in the criminal case. Estate of Gonzalez v. City of Jersey City – On August 8, 2014, two City officers were dispatched to assist a driver whose vehicle was disabled. After the disabled vehicle was towed, the owner was later struck by a vehicle and killed. Plantiff alleges the owner of the disabled vehicle was intoxicated when City officers assisted him, and their failure to drive the decedent to a safe area resulted in his death. Counsel notes that because this is a wrongful death action, the City’s exposure could well exceed $700,000.
117
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE V. CONTINGENCIES (continued) Estate of King v. City of Jersey City – In this matter, a Jersey City police officer fatally shot decedent after he tried to disarm the officer. Plaintiffs contend that the officer unnecessarily used excessive force in violation of the decedent’s constitutional rights. The City disputes the allegations and will continue to defend the matter. The City contends that the officer used reasonable force. If plaintiff succeeds, exposure could surpass $700,000.
Feliz-Rodriguez v. City of Jersey City - On June 4, 2017, members of the Jersey City Police Department (“JCPD”) were involved in a motor vehicle pursuit. During the pursuit, the vehicle being pursued crashed into plaintiff’s vehicle causing both vehicles to engulf in flames. Plaintiff sustained severe burns to his body. In addition, plaintiff claims that as he exited his vehicle, he was attacked by members of the JCPD. Plaintiff has brought suit against the City and numerous police officers for an assortment of negligence and civil rights claims. This matter is in the infancy stages of litigation. Four officers have been indicted by a grand jury. Counsel notes that because of the alleged injuries, the City’s exposure may exceed $700,000.
Rockaway Valley Regional Sewerage Authority. In compliance with a court decree, the City entered into an agreement, dated July 30, 1971, with the Rockaway Valley Regional Sewerage Authority (“RVRSA”), whereby the City agreed to share in the operating costs of the RVRSA which provides sewerage treatment services in the vicinity of the City's watershed properties. In 2013, 2014 and 2015, the JCMUA contributed $2,730,857. In 2016 and 2017, the JCMUA contributed $3,429,757 and $2,858,130, respectively. Under the same agreement, the City is also required to pay a share of the capital and operating cost of construction of an advanced treatment sewerage facility, which the RVRSA has designed. Under the current plans, the cost of construction is estimated to be $60,000,000, less any federal funds, the amount of which is presently uncertain. Based upon the design capacity, the City will be responsible for 37 1/2% of the excess cost of financing construction over available federal funds. The amount of the City's contribution for the new facility is a portion of the City's share of the operating costs outlined in the immediately preceding paragraph. The RVRSA has permanently financed substantially all of the non-grant share of project costs with the sale of long-term tax-exempt bonds.
500 Summit v. City of Jersey City – This federal court case arises out of a dispute concerning a real estate development project located at 500 Summit Avenue. The primary allegations asserted by the plaintiff is that their General Development Application be deemed complete and acceptable because they claim that the Planning Board failed to properly respond to this application within the 45 day period prescribed under state law. As such, plaintiff has asserted claims for wrongful withholding of a construction permit, tortious interference with business opportunity and civil rights violations. While plaintiffs included a demand for monetary and punitive relief as well as counsel fees, no specific amount has been identified.
118
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE V. CONTINGENCIES (continued) NJDEP and the Administrator of the Spill Compensation Fund v. Honeywell International, Inc., and. PPG Industries, Inc. v. City of Jersey City. et al. - This matter arises out of legacy chromium site contamination in Jersey City, located near the intersection of the Hudson Bergen Light Rail tracks and Garfield Avenue. In 1990, PPG signed an administrative consent order with the New Jersey Department of Environmental Protection, which included accepting responsibility for the cleanup of the Garfield Avenue chromite ore processing residue site. PPG had agreed to cover all "site remediation" costs; it did not, however, agree to cover what it considers to be restoration or incremental costs to redevelop the contaminated properties. PPG and the City disagree what costs are remedial and what costs are incremental, and disagree as to the amounts of those costs. Further, the parties have disagreements over certain methods of remediation. This matter is currently pending before the Superior Court of New Jersey, Hudson County. The matter has progressed through some amount of dispositive motion practice, but dispositive motions have been held in abeyance or withdrawn pending ongoing, extensive settlement negotiations. No trial date has been scheduled. Counsel notes this case will be contested vigorously, however, at this time, the parties are engaged in extensive settlement negotiations involving complex environmental and redevelopment - land use issues. Cal Harbor S. Pier v. City of Jersey City - This New Jersey Superior Court matter arises out of a contract dispute concerning a loan from the City to the plaintiffs. In particular, in or about August 2000, the City entered into a loan agreement with HUD wherein HUD agreed to loan approximately $8 million plus interest to the City. Thereafter, the City entered into separate agreements with the plaintiffs wherein the City loaned the money it received from HUD to the plaintiffs with interest. In 2011, the City refinanced its loan with HUD thereby reducing the interest rate. The interest rate on the loan from the City to the plaintiffs remained the same as per their original agreement in 2000. In 2016, the plaintiffs fully paid the loan and thereafter learned that the City had refinanced its loan with HUD in 2011. Plaintiffs assert a breach of the 2000 loan agreement and allege they overpaid approximately $1.4 million in interest on the loan and seek reimbursement of same. Plaintiffs claim that the interest rate on the loan between the City and the plaintiffs should have been reduced in 2011 to the same interest rate the City received when it refinanced its loan with HUD. According to Counsel, while this matter was only recently filed, a review of the contracts and limited materials obtained from HEDC do not contain any express statements which demonstrate that the interest rate on plaintiff’s loan should have been reduced in 2011. Furthermore, City Counsel recently conferred with bond counsel who opined that they did not believe plaintiffs’ claims had merit. Prior to commencing this suit, plaintiffs filed demands for documents under OPRA and the complaint includes a claim under OPRA for counsel fees. The potential exposure of liability to the City is approximately $1.4 million in damages plus counsel fees.
119
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE V. CONTINGENCIES (continued) One Journal Square v. City of Jersey City - This federal action arises over a dispute regarding the development of certain real property in the City of Jersey City. In 2014, MEPT transferred the subject property. Thereafter, plaintiffs’ contend, for the next three to four years, plaintiffs and the defendants worked together in furtherance of the redevelopment of the property as demonstrated by approvals from the Planning Board and JCRA along with the entry into a redevelopment agreement. Plaintiffs allege that they spent approximately $55 million in acquisition and development costs. Plaintiffs contend that the City breached the redevelopment agreement by, among other things, denying plaintiffs’ application for a tax abatement and declaring the plaintiffs to be in default of the redevelopment agreement. Plaintiffs contend that the actions of the City and the Mayor are politically motivated. In the complaint, plaintiffs allege numerous claims including breach of contract, breach of the covenant of good faith and fair dealing, promissory estoppel and civil rights violations. Plaintiffs claim that they have suffered damages in the amount of $300 million for a total of $355 million. Plaintiffs seek counsel fees and punitive damages. 328 Montgomery v. City of Jersey City - This federal court matter arises out of a dispute concerning the development of certain real property located at 328 Montgomery Street. The plaintiff contends that the City, the Planning Board and several individual defendants engaged in intentional, arbitrary and capricious conduct to prohibit the plaintiff from obtaining approval from the Planning Board and the Historical Preservation Commission in order to prevent plaintiff from developing and otherwise operating the property. As such, plaintiff has asserted various claims including violations of due process. The relief sought is approval from the Planning Board along with a temporary certificate of occupancy so that plaintiff and its tenant can utilize the property. Although they have made general demands for financial relief, they have not specified the amount and simply suggest that the defendants may be liable for financial damages incurred by their tenant who cannot operate their business. The City is currently preparing a motion to dismiss. NOTE W. SUBSEQUENT EVENTS Subsequent events have been evaluated through November 2, 2018, the date which the financial statements were available to be issued. The following material subsequent events have been noted: Special Emergency Appropriation: $940,500 – On April 25, 2018, the City adopted Ordinance No. 18-028 providing for a special emergency appropriation in the amount of $940,500 for the preparation of a Master Plan. Statutes require this emergency to be funded by budget appropriation in equal installments over a period of five years, beginning with the 2019 budget. Statutes further allow for notes to be authorized and issued to finance the emergency.
120
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE W. SUBSEQUENT EVENTS (continued) Special Emergency Appropriation: $14,500,000 – On October 10, 2018, the City adopted Ordinance No. 18-114 providing for a special emergency appropriation in the amount of $14,500,000 for the payment of contractually required severance liabilities resulting from the retirement of City employees. Statutes require this emergency to be funded by budget appropriation in equal installments over a period of five years, beginning with the 2019 budget. Statutes further allow for notes to be authorized and issued to finance the emergency. Re-Appropriation Ordinance: $514,287 - On February 28, 2018, the City adopted Ordinance No. 18-008 re-appropriating $514,287 of proceeds of obligations not needed for their original purposes in order to provide for funding for the renovation of a Fire House in and by the City. Re-Appropriation Ordinance: $1,800,000 - On February 28, 2018, the City adopted Ordinance No. 18-013 re-appropriating $1,800,000 of proceeds of obligations not needed for their original purposes in order to provide for various capital improvements in and by the City. Capital Ordinance: $150,000 - On February 28, 2018, the City adopted Ordinance No. 18-009 appropriating $150,000 from General Capital Fund Balance for the acquisition of a Mask Service Unit Truck for the City Fire and Emergency Services. Capital Ordinance: $205,000 - On March 14, 2018, the City adopted Ordinance No. 18-017 appropriating $205,000 from General Capital Fund Balance for the acquisition of two passenger buses for the City Department of Recreation. Capital Ordinance: $47,282,671 – On May 9, 2018, the City adopted Ordinance No. 18-038 providing for various capital improvements for the City and appropriating $47,282,671 therefore. General Improvement bonds or notes are authorized in the amount of $45,031,115 to finance such costs. The remaining $2,251,556 will be funded by the Capital Improvement Fund Capital Ordinance: $170,000,000 – On October 10, 2018, the City adopted Ordinance No. 18-113 authorizing the City to enter into a real estate purchase and environmental agreement in order to purchase certain real property, demolish certain structures and construct infrastructure improvements within the Bayfront I Redevelopment Area and appropriating $170,000,000 therefore. In order to finance the cost of this project, the City has authorized the issuance of $170,000,000 of bonds and notes.
121
CITY OF JERSEY CITY NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2017 AND 2016
NOTE W. SUBSEQUENT EVENTS (continued) Bond Anticipation Notes: $17,734,000 – On January 18, 2018, the City issued $17,734,000 of Bond Anticipation Notes, Series 2018A at an interest rate of 2.5% and due on January 18, 2019. The City will apply the proceeds from the sale of the Notes to pay a portion of the maturing principal of the City’s $9,966,000 Bond Anticipation Notes, Series 2017A which were issued on January 19, 2017 and mature on January 19, 2018, and used to refinance certain capital improvements, notably the PJP Landfill Acquisition authorized by Ordinance No. 09-097 and the Newark Ave Streetscape authorized by Ordinance No. 09-127, and pay a portion of the costs of issuing the Notes. These notes will also be used to aid in the West Campus Redevelopment Project authorized by Ordinance No. 16.106 on July 13, 2016. The remaining $242,000 of maturing principal of the Series 2017A Notes will be paid from budgeted appropriations. Bond Anticipation Notes: $52,796,615 – On June 20, 2018, the City issued $52,796,615, of Bond Anticipation Notes maturing June 20, 2019, consisting of:
$6,825,000 Series 2018B (Federally Taxable) Bond Anticipation Notes with an interest rate of 2.875%. The City will apply the proceeds from the sale of the Notes to pay a portion of the maturing principal of the City’s $6,955,000 Bond Anticipation Notes, Series 2017B which were issued on June 22, 2017 and mature on June 22, 2018, and used to refinance certain capital improvements, notably the Sixth Street Embankment authorized by Ordinance No. 10-085, and pay a portion of the costs of issuing the Notes. The remaining $130,000 of maturing principal of the Series 2017B Notes will be paid from budgeted appropriations.
$45,031,115 Series 20018C Bond Anticipation Notes with an interest rate of 3.0%. These notes were issued to finance capital improvements as authorized by Ordinance No. 18-038 adopted on May 9, 2018.
$940,500 Series 2018D Special Emergency Notes with an interest rate of 3.0%. The City will apply the proceeds of these notes to finance the costs of a Master Plan as authorized by Special Emergency Authorization adopted on April 25, 2018 by Ordinance No. 18-028.
General Improvement Bonds: Authorized Sale of $9,447,000 – The City is expected to authorize and sell $9,447,000 of Series 2018 General Improvement Bonds with maturity dates expected to range from December 1, 2019 through 2038. Interest rates shall be as specified by the successful bidder and will be due semiannually starting on June 1, 2019. The purpose of these bonds is to pay a portion of the maturing principal of Special Emergency Notes issued on December 7, 2017 and Bond Anticipation Notes issued on January 18, 2018 as well as to finance contractually required severance liabilities and costs relating to a redevelopment project of the Jersey City Redevelopment Agency known as the Bayfront Redevelopment Project.
122
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CITY OF JERSEY CITY
REPORT OF AUDIT
SUPPLEMENTARY DATA SECTION
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CITY OF JERSEY CITY
REPORT OF AUDIT
SUPPLEMENTARY DATA SECTION: CURRENT FUND SCHEDULES
Exhibit A-4
Ref.Balance: December 31, 2016 A 114,656,230$ 10,000,324$
Increased by:Premium on Special Emergency Notes A-1 44,550 - Current Taxes Receivable A-2a 486,389,391 - Delinquent Taxes Receivable A-2a 1,828,745 - Miscellaneous Revenue Not Anticipated A-2b 5,882,618 - Petty Cash A-5 4,700 - Sr. Citizens and Veterans Deductions A-8 424,848 - Tax Title Liens Receivable A-9 258,837 - Miscellaneous Revenue Anticipated A-11 227,697,546 - Lot Cleaning Charges Receivable A-13 12,056 - State Aid Allocation Receceived in Cash A-15 18,677,822 - Interfunds A-17/37 90,775,633 2,611,075 LEA Receipts A-17 281,947 - Interfunds - State Aid A-37 3,189,788 Prepaid Taxes A-21 14,023,865 - PILOT Prepayments A-23 1,494,662 - PILOT Fees Due to County A-26 3,071,077 - Surcharges Due to State A-28 47,865 - Reserve for Property Sale Deposits A-29 10,102,826 - Other Reserves A-30 1,334,711 - Emergency Notes Payable A-31 13,700,000 - Undistributed Revenues A-35 568,709 State and Federal Grants Receivable A-36 - 13,505,127 Other State and Federal Reserves A-40 - 327,114 Unappropriated Grant Reserves A-41 - 3,944,314
876,622,408 23,577,418 991,278,638 33,577,742
Decreased by:Refund of Prior Year Revenues A-1 143,537 - Current Year Appropriations A-3 174,657,393 - Petty Cash A-5 4,900 - Payment to JCMUA in Error A-12 1,604,940 - Interfunds A-17/37 402,536,130 11,849,715 Appropriation Reserves A-18 17,638,249 - Contracts Payable A-20 306,140 - Tax Overpayments A-22 9,107,191 - PILOT Prepayments A-23 427,505 - Local School District Taxes A-24 115,548,404 - County Taxes A-25 130,025,336 - PILOT Fees Due to County A-26 2,822,041 - Special Improvement Districts A-27 4,377,814 - Surcharges Due to State A-28 64,300 - Other Reserves A-30 182,980 - Emergency Notes Payable A-31 13,700,000 - Revaluation Costs A-34 4,162,975 - Appropriated Grants A-39 - 10,880,203 Other State and Federal Reserves A-40 - 109,768
877,309,835 22,839,686
Balance: December 31, 2017 A 113,968,803$ 10,738,056$
Federal and State Grant Fund
CITY OF JERSEY CITYCURRENT FUND AND FEDERAL AND STATE GRANT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF CASH - TREASURER
Current Fund
123
Exhibit A-5
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF PETTY CASH
Ref.Balance: December 31, 2016 -$
Increased by Disbursements to Custodians:Recreation 200$ City Clerk 300 Accounts and Control 200 Business Administration 200 Law Department 1,000 Mayor's office 1,000 HEDC 200 City Planning 200 City Council 200 Public Works 200 Engineering 200 Municipal Court 200 Health and Human Services 200 Fire and Emergency Services 200 Tax Assessor 200 Parking Enforcement 200
A-4 4,900 4,900
Decreased by:Returns from Custodians A-4 4,700
Balance: December 31, 2017 A 200$
Exhibit A-6
SCHEDULE OF CHANGE FUND
Ref.Balance: December 31, 2017 and 2016 A 1,710$
Police - ABC 50$ Police - Record Room 50 Police - BCI 50 Municipal Court 1,039 Tax 521
1,710$
Analysis of Change Fund Balance
124
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3
2015
108,
889
-
-
-
14
,177
-
90
,246
-
4,
466
2016
1,50
4,72
1
-
36
1,13
9
-
1,81
1,79
3
-
-
-
54
,067
T
otal
Pri
or Y
ears
4,26
5,32
8
-
36
3,72
8
-
1,82
8,74
5
25
0
151,
856
-
2,
648,
205
2017
-
496,
056,
079
699,
099
2,
953,
483
484,
213,
348
421,
850
1,
562,
049
-
7,60
4,44
8
4,26
5,32
8$
49
6,05
6,07
9$
1,
062,
827
$
2,95
3,48
3$
48
6,04
2,09
3$
42
2,10
0$
1,71
3,90
5$
-
$
10
,252
,653
$
R
ef.
AA
-2a,
A-2
1A
-2a
A-2
a, A
-8A
-9A
Ana
lysi
s of
201
7 P
rope
rty
Tax
Lev
y:T
ax L
evy:
Tax
Yie
ld:
Loc
al D
istr
ict S
choo
l Tax
Gen
eral
Pur
pose
490,
387,
504
$
Lev
y (A
bstr
act)
115,
548,
404
$
Add
ed a
nd O
mit
ted
Tax
es5,
668,
575
Add
itio
n to
Loc
al D
istr
ict S
choo
l Tax
(A
bstr
act)
3,91
6,03
1
T
otal
Loc
al D
istr
ict S
choo
l Tax
119,
464,
435
$
496,
056,
079
$
Cou
nty
Tax
Cou
nty
Tax
es (
Abs
trac
t)12
6,29
3,80
0
C
ount
y O
pen
Spa
ce T
axes
(A
bstr
act)
2,66
0,99
7
A
dded
and
Om
itte
d C
ount
y T
axes
1,49
0,20
5
T
otal
Cou
nty
Tax
130,
445,
002
Tot
al M
unic
ipal
Ope
n S
pace
Tax
es62
3,00
0
Spe
cial
Im
prov
emen
t Dis
tric
t Tax
es4,
481,
331
Min
imum
Lib
rary
Tax
(A
bstr
act)
8,56
5,68
1
L
ocal
Tax
for
Mun
icip
al P
urpo
ses
Loc
al T
ax f
or M
unic
ipal
Pur
pose
s (A
bstr
act)
228,
298,
260
Loc
al T
ax f
or M
unic
ipal
Lev
ied
(Add
ed)
4,17
8,37
0
T
otal
Loc
al T
ax f
or M
unic
ipal
Pur
pose
s23
2,47
6,63
0
496,
056,
079
$
By
Cas
h R
ecei
pts
- N
et o
f R
efun
dsC
olle
ctio
ns
125
Exhibit A-8
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF DUE FROM STATE OF NEW JERSEYFOR SENIOR CITIZENS AND VETERANS DEDUCTIONS
Ref.State Share of Deductions:
Set Forth in Tax Duplicate:Senior Citizens 253,250$ Veterans 260,500
Allowed by Tax Collector:Current Year Senior Citizens 5,750 Prior Year Senior Citizens 250
519,750$ Disallowed by Tax Collector:
Senior Citizens 97,650
State Share of Deductions A-7 422,100
Less: Received in Cash from State of New Jersey A-4 424,848
Net Increase (2,748)
Balance: December 31, 2016 A 23,048$
Balance: December 31, 2017 A 20,300$
Current Year Senior Citizens DeductionsPer Tax Billings 253,250$ Allowed by Tax Collector 5,750
Current Year Veterans DeductionsPer Tax Billings 260,500 Disallowed by Tax Collector (97,650)
State Share of 2017 Sr. Citizens and Veterans Deductions A-2a 421,850$
Prior Year Senior Citizens DeductionsAllowed by Tax Collector A-2a 250
A-7 422,100$
Analysis of State Share of Senior Citizens and Veterans Deductions
126
Exhibit A-9
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF TAX TITLE LIENS RECEIVABLE
Ref.Balance: December 31, 2016 A 37,154$
Increased by:Interest and Costs on Tax Sale 258,837
295,991 Decreased by:
Cash Receipts A-2a, A-4 258,837
Balance: December 31, 2017 A 37,154$
Exhibit A-10
Ref.
Balance: December 31, 2017 and 2016 A 1,455,500$
SCHEDULE OF PROPERTY ACQUIRED FOR TAXES AT ASSESSED VALUATION
127
Exhibit A-11Sheet 1 of 2
Balance: Balance:Dec. 31, 2016 Accrued Collected Dec. 31, 2017
LOCAL REVENUESLicenses:
Alcoholic Beverages -$ 832,354$ 832,354$ -$ Other Licenses
Marriage Licenses - 6,755 6,755 - Cable TV Franchise Fees - 2,485,392 2,485,392 - Hackensack Meadowlands Adjustment - 1,072,851 1,072,851 - Local School Aid - 1,953,117 1,953,117 - Advertising Ordinance Fees - 334,618 334,618 - Search Fees - 174 174 - Lot Cleaning Charges - 12,056 12,056 - Tax Collector's Fees - 35,483 35,483 - Hotel Occupancy Tax - 8,375,237 8,375,237 - Landlord Registration - 317,183 317,183 -
Fees and Permits:Interest and Costs on Taxes - 767,013 767,013 - Interest on Investments and Deposits - 1,015,478 1,015,478 - Assessor's Application Fees - 3,537 3,537 - Sewer and Street Opening Permits - 232,258 232,258 - Swimming Pool Fees - 145,471 145,471 - Skating Rink Fees - 123,192 123,192 - Laundry Licenses - 91,100 91,100 - Vending Machine Licenses - 23,665 23,665 - Food Establishment Licenses - 794,175 794,175 - Hotel/Motel Licenses - 79,840 79,840 - Dine and Dance Permits - 28,000 28,000 - Police Reports ID Bureau Fees - 135,063 135,063 - Taxicab/Omnibus Licenses - 112,415 112,415 - Elevator Inspection Fees - 600,249 600,249 - Site Plan Review Fees - 1,010,013 1,010,013 - Bingo and Raffle Licenses - 11,500 11,500 - Mechanical Amusement Devices - 9,625 9,625 - Parking Lot Licenses - 579,227 579,227 - Used Motor Vehicle Dealer Licenses - 30,000 30,000 -
Parking Lot Tax - 8,092,843 8,092,843 - Parking Enforcement:
Lease Fees - 327,504 327,504 - Meter Fees - 1,454,765 1,454,765 - Miscellaneous Fees - 1,763,676 1,648,882 114,794
Municipal Court Fines and Costs 1,115,339 16,459,799 16,329,597 1,245,541 Passaic Valley Sewerage Comm. Incentive - 168,250 168,250 - Interstate Waste - 454,588 454,588 - Dumpster Fee - 91,187 91,187 - Certified Copies of Marriage Licenses - 41,285 41,285 -
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF REVENUE ACCOUNTS RECEIVABLE
128
Exhibit A-11Sheet 2 of 2
Balance: Balance:Dec. 31, 2016 Accrued Collected Dec. 31, 2017
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF REVENUE ACCOUNTS RECEIVABLE
LOCAL REVENUES (continued)Fees and Permits: (continued)
Zoning Permits and Ordinance Copies -$ 264,858$ 264,858$ -$ Death Certificates - 66,745 66,745 - Vacant Property Registration - 138,605 138,605 -
DEDICATED UNIFORM CONSTRUCTION CODE FEESOFFSET WITH APPROPRIATIONS
Uniform Construction Code Fees - 6,543,764 6,543,764 -
OTHER SPECIAL ITEMSPayments in Lieu of Taxes - 141,808,933$ 141,808,933$ - Sale of Municipal Property - Land Sales - 10,102,827 10,102,827 - United Water Reimbursement - Operations 346,105 346,105
MUA Franchise Concession Payment - 21,000,000 21,000,000 - MUA Water Debt Service Payment - 5,189,955 5,189,955 - Uniform Fire Safety Act - 250,000 250,000 - Build America Bonds Federal Credit - 1,768,300 1,768,300 - Recovery Zone Bonds Federal Credit - 196,503 196,503 - Stop the Drop 140,000 140,000 Reserve Summer Youth Program - 1,000,000 1,000,000 - Reserve Youth Court Program - 125,000 125,000 - City Government Summer Seasonal Program - 75,000 75,000 - MLK Community Center - 206,405 206,405 - Reserve Parking Authority - 229,476 229,476 - MUA Stormwater Catch Basins - 700,000 700,000 -
Total Revenue and Other Credits to Income 1,115,339$ 240,223,414$ 239,978,418$ 1,360,335$ Ref. A; A-1 A-2a A; A-1
Ref.Cash Receipts A-4 227,697,546$ Non-Cash Revenues:
Lot Cleaning Charges and Liens A-13 12,056 Sales Contracts Realized from Reserves A-14, A-29 10,102,826 Realized from Other Reserves A-30 1,775,881 Uniform Fire Safety Act A-17 250,000 Non-Current Fund Interest A-17 140,109
239,978,418$
129
Exhibit A-12
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF DUE FROM JCMUA
Ref.Balance: December 31, 2016 -$
Increased by:Cash Disbursements - Duplicate Tax Sale Payment A-4 1,604,940
Balance: December 31, 2017 A 1,604,940$
Exhibit A-13
SCHEDULE OF LOT CLEANING CHARGES AND LIENS RECEIVABLE
Ref.Balance: December 31, 2016 A -$
Increased by:Billings 16,816
16,816 Decreased by:
Cash Receipts A-11; A-4 12,056$ Cancellations 1,823
13,879
Balance: December 31, 2017 A 2,937$
130
Exhibit A-14
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF SALES CONTRACTS RECEIVABLE -
Ref.Balance: December 31, 2016 A 285,550$
Increased by:New Contracts from Sale of City property 10,211,000
10,496,550 Decreased by:
Contracts Canceled 108,174$ Contracts Realized A-11; A-29 10,102,826
10,211,000
Balance: December 31, 2017 A 285,550$
Exhibit A-15
SCHEDULE OF DUE FROM STATE OF NEW JERSEYPREPAID DEBT SERVICE - QUALIFIED BONDS
Ref.Balance: December 31, 2016 A 12,562,462$
Increased by:State Aid Anticipated A-2a 67,050,310
79,612,772 Decreased by:
Cash Receipts A-4 18,677,822$ Cash Received in Trust Fund - School Building Aid A-17 3,189,788 Debt Service Paid In Lieu of Aid Receipts A-3 46,019,272
67,886,882
Balance: December 31, 2017 A 11,725,890$
PROPERTY ACQUIRED FOR TAXES
131
Exhibit A-16
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF DEFERRED CHARGES
Balance: Balance:Dec. 31, 2016 Notes Paid Non-Cash Dec. 31, 2017
Revaluation of Properties2016 5,000,000$ 1,000,000$ -$ 4,000,000$
Expenditure without AppropriationAccumulated Absences 6,738,978 - 6,738,978 -
Contractual Severance Liabilities2013 3,800,000 1,900,000 - 1,900,000 2014 4,500,000 1,500,000 - 3,000,000 2015 6,400,000 1,600,000 - 4,800,000
Emergency Authorizations - SandyNJSA 40A:4-54 932,496 897,496 35,000 -
27,371,474$ 6,897,496$ 6,773,978$ 13,700,000$ Ref. A A-31 A-3 A
Decreased by:Budget Appropriation
132
Exh
ibit
A-1
7
CIT
Y O
F J
ER
SE
Y C
ITY
CU
RR
EN
T F
UN
DF
OR
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EA
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ND
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31,
201
7
SC
HE
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LE
OF
IN
TE
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UN
DS
RE
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(PA
YA
BL
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Fed
eral
Ani
mal
Pay
roll
Mun
icip
alan
d S
tate
Gen
eral
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trol
Cle
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pen
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Fun
d -
Tot
alG
rant
s F
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Cap
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und
Fun
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unds
Ref
.In
crea
sed
by:
Cas
h D
isbu
rsem
ents
A-4
402,
536,
130
$
3,10
2,89
8$
65
,174
,116
$
32
4$
331,
463,
882
$
623,
000
$
2,
171,
910
$
Cur
rent
Bud
get R
eim
burs
emen
tsA
-316
,578
,089
2,
108,
495
-
-
-
-
14,4
69,5
94
Sta
te a
nd F
eder
al G
rant
s A
ntic
ipat
edA
-2a
25,0
14,4
57
15,7
47,6
16
-
-
-
-
9,26
6,84
1
S
tate
Aid
Mis
-Dep
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edA
-15
3,18
9,78
8
3,
189,
788
-
-
-
-
-
Pri
or B
udge
t Rei
mbu
rsem
ents
and
Rev
erse
Pri
or Y
ear
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nt R
ecei
vabl
e C
ance
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ion
A-1
1,43
3,55
9
1,
433,
559
-
-
-
-
-
Rev
enue
s A
ntic
ipat
edU
nifo
rm F
ire
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A-1
125
0,00
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-
-
-
-
-
250,
000
In
tere
st E
arne
dA
-11
140,
109
-
75
,395
-
-
-
64
,714
449,
142,
132
25,5
82,3
56
65,2
49,5
11
324
33
1,46
3,88
2
62
3,00
0
26,2
23,0
59
Dec
reas
ed b
y:C
ash
Rec
eipt
sA
-490
,775
,633
8,
931,
911
65,3
11,4
65
241
-
-
16
,532
,016
L
EA
Rec
eipt
sA
-428
1,94
7
-
-
281,
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O
ther
Res
erve
sA
-30
226,
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22
6,70
0
-
-
-
-
-
Mun
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pen
Spa
ce T
ax L
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; A-2
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3,00
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-
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-
623,
000
-
S
tate
and
Fed
eral
Gra
nts
App
ropr
iate
dA
-325
,400
,925
16
,134
,084
-
-
-
-
9,
266,
841
Pay
roll
Cle
arin
gA
-331
9,99
4,50
4
-
-
-
31
9,99
4,50
4
-
-
C
apit
al I
mpr
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und
A-3
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000
-
30
0,00
0
-
-
-
-
437,
602,
709
25,2
92,6
95
65,6
11,4
65
241
31
9,99
4,50
4
62
3,00
0
26,0
80,8
04
Net
Cha
nge
in I
nter
fund
s11
,539
,423
28
9,66
1
(361
,954
)
83
11,4
69,3
78
-
142,
255
Bal
ance
: Dec
embe
r 31
, 201
6In
terf
unds
Rec
eiva
ble
A, A
-144
,519
-
32
,617
13
71
-
11
,818
In
terf
unds
Pay
able
A(1
50,0
13)
(147
,426
)
-
-
-
-
(2
,587
)
Bal
ance
: Dec
embe
r 31
, 201
7
Inte
rfun
ds R
ecei
vabl
eA
, A-1
11,8
48,5
94$
142,
235
$
-
$
96
$
11,4
69,4
49$
-$
236,
814
$
Inte
rfun
ds P
ayab
leA
(414
,665
)
-
$
(3
29,3
37)
$
-$
-$
-$
(85,
328)
$
133
Exhibit A-18Sheet 1 of 5
Balance After Contracts Paid or BalanceReserved Encumbered Transfers Payable Charged Lapsed
(A) Operations - Within "CAPS"OFFICE OF THE MAYOR
Mayor's OfficeSalaries and Wages 27,761$ -$ 27,761$ -$ -$ 27,761$ Other Expenses 23,668 797 24,465 238 18,818 5,409
Resident Response CenterSalaries and Wages 13,513 - 13,513 - - 13,513 Other Expenses 36,046 29,767 65,813 - 34,149 31,664
Cultural AffairsSalaries and Wages 15,532 - 15,532 - - 15,532 Other Expenses 2,827 7,080 9,907 - 8,836 1,071
CITY CLERK AND MUNICIPAL COUNCILOffice of the City Clerk
Salaries and Wages 20,248 - 20,248 - - 20,248 Other Expenses 21,065 27,781 48,846 - 17,885 30,961 General and Primary Election 15,420 - 15,420 - - 15,420
Municipal Council - Salaries and Wages 11,644 11,644 - - 11,644 Other Expenses 6,543 3,976 10,519 470 4,482 5,567
Audit Services - 76,000 76,000 56,000 20,000 -
HUMAN RESOURCESDirector's Office
Salaries and Wages 37,040 - 24,040 - - 24,040 Other Expenses 2,813 23,057 38,870 - 38,475 395
Workforce ManagementSalaries and Wages 4,626 - 4,626 - - 4,626 Other Expenses 534 7,703 8,237 720 7,043 474
Health BenefitsSalaries and Wages 9,778 - 9,778 - - 9,778 Other Expenses 514 336 850 - 336 514
PensionSalaries and Wages 5,482 - 5,482 - - 5,482 Other Expenses 284 820 1,104 - 820 284
PayrollSalaries and Wages 16,207 - 16,207 - - 16,207 Other Expenses 9,131 - 9,131 - 46 9,085
DEPARTMENT OF ADMINISTRATIONAdministrator's Office
Salaries and Wages 13,641 - 13,641 - - 13,641 Other Expenses 36,670 5,017 41,687 - 8,951 32,736
Management and BudgetSalaries and Wages 4,307 - 4,307 - - 4,307 Other Expenses 57,074 56,486 113,560 - 55,764 57,796
Purchasing and Central ServicesSalaries and Wages 35,806 - 35,806 - - 35,806 Other Expenses 3,287 4,923 8,210 - 5,780 2,430
Real EstateSalaries and Wages 58,480 - 58,480 - - 58,480 Other Expenses 5,423 611 6,034 - 820 5,214
CommunicationsSalaries and Wages 11,145 - 11,145 - - 11,145 Other Expenses 1,527 8,512 10,039 - 8,512 1,527
Utility ManagementSalaries and Wages 18,724 - 18,724 - - 18,724
Balance: December 31, 2016
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2016
SCHEDULE OF 2016 APPROPRIATION RESERVES
134
Exhibit A-18Sheet 2 of 5
Balance After Contracts Paid or BalanceReserved Encumbered Transfers Payable Charged Lapsed
Balance: December 31, 2016
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2016
SCHEDULE OF 2016 APPROPRIATION RESERVES
DEPARTMENT OF ADMINISTRATION (continued)Risk Management
Salaries and Wages 2,364$ -$ 2,364$ -$ -$ 2,364$ Other Expenses 768 218 986 - 218 768
Information TechnologySalaries and Wages 76,816 - 76,816 - - 76,816 Other Expenses 35,995 16,587 52,582 - 23,675 28,907
Municipal CourtSalaries and Wages 143,601 - 143,601 - (13,893) 157,494 Other Expenses 190,172 70,618 260,790 - 55,790 205,000
Public DefenderSalaries and Wages 8,335 - 8,335 - - 8,335 Other Expenses 78,563 46,099 124,662 - 49,049 75,613
CollectionsSalaries and Wages 49,401 - 49,401 - - 49,401 Other Expenses 70,555 7,531 78,086 - 29,366 48,720
Architecture and EngineeringSalaries and Wages 1,276 - 1,276 - - 1,276 Other Expenses 1,131 - 1,131 - - 1,131
ArchitectureSalaries and Wages 60,466 60,466 - - 60,466 Other Expenses 17,133 5,698 22,831 - 6,418 16,413
EngineeringSalaries and Wages 67,326 - 67,326 - - 67,326 Other Expenses 452,568 331,592 784,160 - 91,946 692,214
Accounts and ControlSalaries and Wages 64,004 - 64,004 - - 64,004 Other Expenses 1,254 3,134 4,388 - 3,134 1,254
Treasury and Debt ManagementSalaries and Wages 4,826 - 4,826 - - 4,826 Other Expenses 724 - 724 - - 724
OFFICE OF THE TAX ASSESSORTax Assessor
Salaries and Wages 54,681 - 54,681 - - 54,681 Other Expenses 46,466 78,761 125,227 - 87,671 37,556
DEPARTMENT OF LAWLaw Department
Salaries and Wages 95,857 - 95,857 - - 95,857 Other Expenses 154,173 185,189 339,362 40,726 241,135 57,501
DEPARTMENT OF PUBLIC WORKSDirector's Office
Salaries and Wages 8,565 - 8,565 - - 8,565 Other Expenses 41,837 2,135,431 2,177,268 4,484 1,866,056 306,728
Parks MaintenanceSalaries and Wages 33,765 - 33,765 - - 33,765 Other Expenses 95,248 76,940 172,188 1,540 72,232 98,416
Building and Street MaintenanceSalaries and Wages 11,754 - 11,754 - - 11,754 Other Expenses 74,950 209,632 384,582 - 353,204 31,378
Automotive ServicesSalaries and Wages 32,205 - 32,205 - - 32,205 Other Expenses 61,395 272,933 334,328 - 272,218 62,110
SanitationSalaries and Wages 31,310 - 31,310 - - 31,310 Other Expenses 57,894 57,466 115,360 - 66,477 48,883
135
Exhibit A-18Sheet 3 of 5
Balance After Contracts Paid or BalanceReserved Encumbered Transfers Payable Charged Lapsed
Balance: December 31, 2016
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2016
SCHEDULE OF 2016 APPROPRIATION RESERVES
DEPARTMENT OF PUBLIC WORKS (continued)Neighborhood Improvement
Salaries and Wages 15,795$ -$ 15,795$ -$ -$ 15,795$ Other Expenses 12,230 15,847 28,077 - 15,847 12,230
DEPARTMENT OF RECREATIONDirector's Office
Salaries and Wages 24,911 - 24,911 - - 24,911 Other Expenses 14,497 31,646 46,143 76 25,123 20,944
DEPARTMENT OF HEALTH AND HUMAN SERVICESDirector's Office
Salaries and Wages 13,595 - 13,595 - - 13,595 Other Expenses 7,910 17,989 25,899 - 16,501 9,398
HealthSalaries and Wages 26,836 - 26,836 - (105,699) 132,535 Other Expenses 55,502 119,955 175,457 - 122,486 52,971
Clinical ServicesSalaries and Wages 5,029 - 5,029 - (59,731) 64,760 Other Expenses 8,766 4,572 13,338 - 5,676 7,662
AIDS Education ProgramOther Expenses 1,012 1,870 2,882 - 1,967 915
Senior Citizen AffairsSalaries and Wages 11,529 - 11,529 - - 11,529 Other Expenses 4,718 14,677 19,395 - 12,301 7,094
DEPARTMENT OF PUBLIC SAFETYO.S.H.A.
Fire - Other Expenses - 387 387 - 387 - Communications and Technology
Salaries and Wages 17 - 17 - - 17 Other Expenses 165,467 434,272 599,739 - 431,055 168,684
Parking EnforcementSalaries and Wages 114,702 - 114,702 - - 114,702 Other Expenses 128,080 73,214 201,294 2,840 76,373 122,081
Director's OfficeSalaries and Wages 75,133 - 75,133 - - 75,133 Other Expenses 9,044 321 9,365 - 805 8,560
FireSalaries and Wages 304,871 - 304,871 - - 304,871 Other Expenses 64,915 354,689 419,604 3,858 372,801 42,945
PoliceSalaries and Wages 1,309,931 1,309,931 - (10,341) 1,320,272 Other Expenses 297,478 578,156 875,634 251,659 522,351 101,624
HOUSING, ECONOMIC DEVELOPMENT AND COMMERCEDirector's Office
Salaries and Wages 52,564 - 52,564 - - 52,564 Other Expenses 652 40 1,422 - 1,420 2
Construction Code OfficialSalaries and Wages 71,427 - 71,427 - - 71,427 Other Expenses 12,422 9,893 22,315 16 21,741 558
Tenant/Landlord RelationsSalaries and Wages 970 - 970 - - 970 Other Expenses 38 264 302 - 264 38
Community DevelopmentOther Expenses 280 - 280 - 132 148
136
Exhibit A-18Sheet 4 of 5
Balance After Contracts Paid or BalanceReserved Encumbered Transfers Payable Charged Lapsed
Balance: December 31, 2016
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2016
SCHEDULE OF 2016 APPROPRIATION RESERVES
HOUSING, ECONOMIC DEVELOPMENT AND COMMERCE (continued)Commerce
Salaries and Wages 74,071$ -$ 74,071$ -$ -$ 74,071$ Other Expenses 5,444 1,391 6,835 - 2,500 4,335
Economic DevelopmentSalaries and Wages 3,204 - 3,204 - - 3,204 Other Expenses 14 16,186 16,200 15,695 466 39
City PlanningSalaries and Wages 28,274 - 28,274 - (48,769) 77,043 Other Expenses 3,585 1,495 5,080 - 2,161 2,919
Housing Code EnforcementSalaries and Wages 5,367 - 5,367 - - 5,367 Other Expenses 4,659 3,951 8,610 - 7,223 1,387
Planning BoardOther Expenses 13,050 10,386 23,436 - 10,386 13,050
Board of AdjustmentOther Expenses 573 586 5,907 - 5,334 573
Historic District CommissionOther Expenses 50 - 50 - - 50
Zoning OfficerSalaries and Wages 1,854 - 1,854 - - 1,854 Other Expenses 4,993 157 5,150 - 432 4,718
INSURANCEInsurance - All Departments 306,406 100,000 406,406 24,003 381,823 580
Employee Group Health Insurance 7,445,885 9,941,191 17,387,076 - 8,060,198 9,326,878 Health Benefit Waiver 23,009 - 23,009 - - 23,009
UNCLASSIFIEDMunicipal Publicity 14,069 2,250 16,319 - 2,250 14,069 Other Municipal Advertising 25,000 - 25,000 - - 25,000 Celebration of Public Events 984 17,354 18,338 - 17,172 1,166 Professional Affiliations 12,388 - 12,388 - - 12,388 Ethical Standards Board 20,000 - 20,000 - - 20,000 Electricity 55,994 1,503,715 1,344,556 - 1,167,236 177,320 Street Lighting 309 343,060 443,369 - 374,055 69,314 Municipal Rent 57,117 39,658 96,775 - 67,158 29,617 Gasoline 13,670 314,884 328,554 - 300,423 28,131 Communications 197,873 132,266 330,139 - 150,715 179,424 Office Services 293,798 379,446 673,244 33,000 492,736 147,508 Salary Adjustment 2,250,000 - 2,250,000 - 1,460,282 789,718
(B) Contingent 50,000 - 50,000 - - 50,000
137
Exhibit A-18Sheet 5 of 5
Balance After Contracts Paid or BalanceReserved Encumbered Transfers Payable Charged Lapsed
Balance: December 31, 2016
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2016
SCHEDULE OF 2016 APPROPRIATION RESERVES
(E) Deferred Charges and Statutory Expenditures within "CAPS" (2) STATUTORY EXPENDITURES
Contribution to:Social Security System (O.A.S.I.) 147,004$ -$ 147,004$ -$ (28,987)$ 175,991$ Consolidated Police and Fire
Pension Fund (CPFPF) 58,994 - 58,994 - - 58,994 Police/Fire Retirement System (PFRS - 45,882 45,882 - 45,881 1 Non-Contributory
Employees Pension 54,152 - 54,152 - - 54,152 Payments to Widows and
Dependents of DeceasedPublic Safety Members 60 - 60 - - 60
Public EmployeesRetirement System (PERS) 8,622 - 8,622 - 149 8,473
(DCRP) Defined BenefitContribution Plan 20,740 - 20,740 - 866 19,874
(A) Operations - Excluded From "CAPS"GENERAL GOVERNMENT
Maintenance of Free Public Library 34,621 - 357,588 - 357,587 1 Employee Group Health Insurance 1,414,417 - 1,414,417 - (77,900) 1,492,317 Reserve for Tax Appeals 372,547 - 59,255 - - 59,255 Tax Overpayments 243,271 - 243,271 - - 243,271
PUBLIC AND PRIVATE APPROPRIATIONSOFFSET BY REVENUES
Matching Funds for Grants 70,000 - 70,000 - - 70,000
TOTAL GENERAL APPROPRIATIONS 18,800,526$ 18,262,345$ 37,062,871$ 435,325$ 17,638,249$ 18,989,297$ Ref. A A-19 A-20 A-4 A-1
138
Exhibit A-19
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
Balance, Balance,December 31, December 31,
2016 Increased Decreased 2017
Current Year Budget Appropriations -$ 26,654,920$ 26,654,920$ Appropriation Reserves 18,262,345 - 18,262,345 - Reserve for:
Sandy Expenditures 730 730 730 730 Parking Authority Lease 16,035 9,761 16,035 9,761 Revaluation 1,170,000 1,402,383 1,170,000 1,402,383
19,449,110$ 28,067,794$ 19,449,110$ 28,067,794$
Ref. A A
A-3 26,654,920$ -$ A-18 - 18,262,345 A-30 9,761 16,035 A-32 730 730 A-34 1,402,383 1,170,000
28,067,794$ 19,449,110$
SCHEDULE OF RESERVE FOR ENCUMBRANCES
139
Exhibit A-20
Transfer fromBalance: Appropriation Contracts Paid or Balance:
Dec. 31, 2016 Reserves Cancelled Charged Dec. 31, 2017
Budget Year Ended December 31, 2016:
Office of the MayorMayor's Office
Other Expenses -$ 238$ -$ -$ 238$
City Clerk and Municipal CouncilMunicipal Council
Other Expenses - 470 - - 470 Audit Services - 56,000 - - 56,000
Human ResourcesWorkforce Management
Other Expenses - 720 - - 720
Department of LawLaw Department
Other Expenses - 40,726 - - 40,726
Department of Public WorksDirector's Office
Other Expenses - 4,484 - - 4,484 Parks Maintenance
Other Expenses - 1,540 - - 1,540
Department of RecreationDirector's Office
Other Expenses - 76 - - 76
Department of Public SafetyParking Enforcement
Other Expenses - 2,840 - - 2,840 Fire
Other Expenses - 3,858 - - 3,858 Police
Other Expenses - 251,659 - - 251,659
Housing, Economic Devleopment & CommerceConstruction Code Official
Other Expenses - 16 - - 16 Economic Development
Other Expenses - 15,695 - - 15,695
InsuranceAll Departments - 24,003 - 6,850 17,153
UnclassifiedElectricity - 33,000 - - 33,000
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF CONTRACTS PAYABLE
140
Exhibit A-20
Transfer fromBalance: Appropriation Contracts Paid or Balance:
Dec. 31, 2016 Reserves Cancelled Charged Dec. 31, 2017
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF CONTRACTS PAYABLE
Budget Year Ended December 31, 2015:
Department of LawLaw Department
Other Expenses 27,488$ -$ -$ 2,814$ 24,674$
Department of RecreationDirector's Office
Other Expenses 3,052 - - 3,052 -
Department of Public SafetyFire
Other Expenses 270 - - - 270 Police
Other Expenses 10,000 - - - 10,000
InsuranceEmployee Group Health 900,000 - 759,697 3,757 136,546
UnclassifiedElectricity 101,812 - - - 101,812 Salary Adjustment 761,000 - 471,333 289,667 -
1,803,622$ 435,325$ 1,231,030$ 306,140$ 701,777$ A A-18 A-1 A-4 A
141
Exhibit A-21
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF PREPAID TAXES
Ref.Balance: December 31, 2016 A 2,953,483$
Increased by:Cash Receipts A-4 14,023,865
16,977,348 Decreased by:
Prior Year Collections Recognized as Revenue of:Current Year Taxes A-2a; A-7 2,953,483
Balance: December 31, 2017 A 14,023,865$
Exhibit A-22
SCHEDULE OF TAX OVERPAYMENTS
Ref.Balance: December 31, 2016 A 2,377,608$
Increased by:Current Tax Overpayments A-2a 2,176,043$ Funded by Operations A-1 6,729,583
8,905,626 11,283,234
Decreased by:Disbursed to Taxpayers A-4 9,107,191
Balance: December 31, 2017 A 2,176,043$
142
Exhibit A-23
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF PREPAID PILOT REVENUES
Ref.Balance: December 31, 2016 A 377,938$
Increased by:Cash Receipts A-4 1,494,662
1,872,600 Decreased by:
Cash Disbursements A-4 427,505
Balance: December 31, 2017 A 1,445,095$
Exhibit A-24
SCHEDULE OF LOCAL DISTRICT SCHOOL TAXES PAYABLE
Ref.Balance: December 31, 2016 -$
Increased by:Levy - 50% of:
School Year July 1, 2017 to June 30, 2018 58,346,224$ School Year July 1, 2016 to June 30, 2017 57,202,180
A-2a, A-7 115,548,404 115,548,404
Decreased by:Cash Disbursements A-4 115,548,404
Balance: December 31, 2017 -$
2017 Liability for Local District Tax:Tax Paid 115,548,404$ Tax Payable at December 31, 2017 -
115,548,404 Less: Tax Payable at December 31, 2016 -
Amount Charged to 2017 Operations A-1 115,548,404$
143
Exhibit A-25
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF COUNTY TAXES PAYABLE
Ref.Balance: December 31, 2016 A 1,070,539$
Increased by:County Tax Levy A-7 126,293,800$ County Open Space Levy A-7 2,660,997 Added and Omitted County Taxes A-7 1,490,205
Total Levy - County 130,445,002 131,515,541
Decreased by:Disbursements to County A-4 130,025,336
Balance: December 31, 2017 A 1,490,205$
Exhibit A-26
SCHEDULE OF PILOT FEES DUE TO COUNTY
Ref.Balance: December 31, 2016 A 654,210$
Increased by:Cash Receipts A-4 3,071,077
3,725,287 Decreased by:
Cash Disbursed to County A-4 2,822,041
Balance: December 31, 2017 A 903,246$
A-1, A-2a
144
Exhibit A-27
Balance: Assessments Net Cash Adjusted for Balance:Dec. 31, 2016 Levied Disbursed Stale Reserves Dec. 31, 2017
Special Improvement District:Central Avenue 19,023$ 101,667$ 95,860$ 13,732$ 11,098$ Journal Square Restoration Corp. 82,826 773,034 739,400 65,628 50,832 Historic Downtown 80,056 290,180 289,003 73,485 7,748 McGinley Square Partnership 14,073 72,336 73,910 4,798 7,701 Jackson Hill Main St. 12,774 244,104 222,020 17,300 17,558 Exchange Place Alliance - 3,000,010 2,957,621 - 42,389
208,752$ 4,481,331$ 4,377,814$ 174,943$ 137,326$
Ref. A A-1; A-2a A-4 A-2a A
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF DUE TO SPECIAL IMPROVEMENT DISTRICTS
Decreased by:
145
Exhibit A-28
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF SURCHARGES DUE TO STATE OF NEW JERSEY
Burial MarriageTotal Permits Licenses
Ref.Balance: December 31, 2016 A 25,900$ 570$ 25,330$
Increased by:Cash Receipts A-4 47,865 215 47,650
73,765 785 72,980 Decreased by:
Payments to State of New Jersey A-4 64,300 150 64,150
Balance: December 31, 2017 A 9,465$ 635$ 8,830$
Exhibit A-29
SCHEDULE OF RESERVE FOR DEPOSITS ON SALE OF
Ref.Balance: December 31, 2016 A 20,303$
Increased by:Cash Receipts A-4 10,102,826
10,123,129 Decreased by:
Contracts Realized A-14 10,102,826
Balance: December 31, 2017 A 20,303$
PROPERTY ACQUIRED FOR TAXES
146
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Exhibit A-32
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF RESERVE FOR SUPERSTORM SANDY EXPENDITURES
Ref.Balance: December 31, 2016 A 44,211$
Increased by:Prior Year Encumbrances A-19 730
44,941 Decreased by:
Relcass to Retirement of Sandy-Related Debt A-30 44,211$ Encumbered at Year End A-19 730
44,941
Balance: December 31, 2017 -$
Exhibit A-33
Ref.
Balance: December 31, 2017 and 2016 A 12,364$
Due to Jersey City Employment and Training 12,364$
12,364$
SCHEDULE OF OTHER PAYABLES
149
Exhibit A-34
CITY OF JERSEY CITYCURRENT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
Ref.Balance: December 31, 2016 A 5,000,000$
Increased by:Prior Year Encumbrances, 2011 Appropriation A-19 1,170,000
6,170,000 Decreased by:
Paid or Charged, 2011 Appropriation 1,170,000 Paid or Charged, 2016 Appropriation 2,992,975
A-4 4,162,975 Encumbrances at Year-End, 2016 Appropriation A-19 1,402,383
5,565,358
Balance: December 31, 2017 A 604,642$
Exhibit A-35
Ref.Balance: December 31, 2016 -$
Increased by:Cash Receipts not Distributed A-4 568,709
Balance: December 31, 2017 A 568,709$
SCHEDULE OF RESERVE FOR REVALUATION
SCHEDULE OF UNDISTRIBUTED REVENUE
150
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CITY OF JERSEY CITY
REPORT OF AUDIT
SUPPLEMENTARY DATA SECTION: STATE AND FEDERAL
GRANT FUND SCHEDULES
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gram
2017
-
626,
915
-
-
-
34
5,91
9
-
280,
996
W
omen
, Inf
ants
and
Chi
ldre
n (W
IC)
2017
-
-
1,80
2,58
3
32
3,06
8
(342
,918
)
13
1,01
9
-
1,65
1,71
4
U
AS
I20
17-
-
1,
710,
000
-
-
-
-
1,71
0,00
0
P
ort S
ecur
ity-
Fir
e 20
17-
22
5,00
0
-
-
-
-
-
225,
000
P
ort S
ecur
ity-
Pol
ice
ES
U20
17-
16
3,43
1
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-
-
-
-
163,
431
C
omm
unit
y P
olic
ing
2017
-
-
10,0
00
-
-
-
-
10,0
00
Dru
nk D
rivi
ng E
nfor
cem
ent
2017
-
14,6
25
-
-
-
14,6
25
-
-
Com
preh
ensi
ve T
raff
ic S
afet
y20
17-
26
,700
-
-
-
24
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-
2,
300
Bod
y A
rmor
Rep
lace
men
t Fun
d20
17-
-
71
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-
-
71
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-
-
B
ody
Wor
n C
amer
as P
rogr
am20
17-
-
10
0,00
0
-
-
-
-
100,
000
D
istr
acte
d D
rivi
ng20
17-
5,
500
-
-
-
5,06
0
-
44
0
Com
mun
ity
Ser
vice
s B
lock
Gra
nt (
CS
BG
)20
17-
52
9,95
5
395,
326
-
-
-
-
92
5,28
1
Sub
regi
onal
Tra
ns G
rant
2017
-
-
99,3
28
-
-
-
-
99,3
28
32,6
17,1
86$
6,73
0,07
1$
9,
017,
545
$
277,
681
$
-
$
13
,505
,127
$
3,
504,
333
$
31,6
33,0
23$
Ref
.A
A-3
7A
-37
A-4
A-3
9A
Rev
ersa
l of
Pri
or Y
ear
Can
cell
atio
nsA
-37
223,
011
$
D
epos
ited
to I
ncor
rect
Fun
dA
-37
323,
068
D
epos
ited
to I
ncor
rect
Fun
dA
-37
(268
,398
)
27
7,68
1$
154
Exh
ibit
A-3
7
Pay
roll
Cur
rent
Tot
alC
DB
GO
ther
Tru
stA
genc
y F
und
Fun
dR
ef.
Incr
ease
d by
:C
ash
Dis
burs
emen
tsA
-411
,849
,715
$
54
,256
$
-
$
3,14
2,11
5$
8,
653,
344
$
Gra
nt A
war
dsA
-39
15,7
47,6
16
-
-
-
15
,747
,616
L
ocal
Mat
chin
g F
unds
A-3
938
6,46
8
-
-
-
38
6,46
8
Gra
nts
Dep
osit
ed to
Oth
er F
unds
A-3
626
8,39
8
-
-
-
26
8,39
8
Sen
ior
Nut
riti
on R
eim
burs
emen
tA
-39
226,
700
-
-
-
226,
700
R
ecla
ss f
rom
Cur
rent
Fun
dA
-40
8,20
8
-
-
-
8,20
8
R
ecei
ved
in C
urre
nt f
or U
napp
ropr
iate
d G
rant
sA
-41
1,96
1
-
-
-
1,96
1
28
,489
,066
54
,256
-
3,14
2,11
5
25
,292
,695
Dec
reas
ed b
y:C
ash
Rec
eipt
sA
-42,
611,
075
54,2
56
-
-
2,
556,
819
Sta
te B
uild
ing
Aid
Dep
osit
ed to
Gra
nt F
und
A-4
3,18
9,78
8
-
-
-
3,18
9,78
8
F
unds
Tra
nsfe
rred
in E
xces
sA
-36
323,
068
-
-
-
323,
068
G
rant
Aw
ards
: Ado
pted
Bud
get
A-3
66,
730,
071
-
-
-
6,
730,
071
Gra
nt A
war
ds: A
dded
by
NJS
A 4
0A:4
-87
A-3
69,
017,
545
-
-
-
9,
017,
545
Rev
ersa
l of
Pri
or Y
ear
Can
cella
tions
A-3
622
3,01
1
-
-
-
22
3,01
1
Bud
get C
harg
ebac
ks -
Cur
rent
Bud
get
A-3
92,
108,
495
-
-
-
2,
108,
495
Bud
get C
harg
ebac
ks -
Bud
gets
of
Pri
or Y
ears
A-3
91,
377,
802
-
-
-
1,
377,
802
Pay
roll
Cha
rges
A-3
93,
151,
201
-
-
3,
151,
201
-
Oth
er R
eser
ves
A-4
055
,757
-
-
-
55,7
57
28,7
87,8
13
54,2
56
-
3,
151,
201
25,5
82,3
56
Net
Cha
nge
in I
nter
fund
s(2
98,7
47)
-
-
(9
,086
)
(2
89,6
61)
Bal
ance
: Dec
embe
r 31
, 201
6In
terf
unds
Rec
eiva
ble
A14
7,42
6
-
-
-
14
7,42
6
Inte
rfun
ds P
ayab
leA
(103
,817
)
-
(1
03,8
17)
-
-
Bal
ance
: Dec
embe
r 31
, 201
7In
terf
unds
Pay
able
A(2
55,1
38)
$
-$
(103
,817
)$
(9
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)$
(1
42,2
35)
$
CIT
Y O
F J
ER
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CIT
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ED
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AL
AN
D S
TA
TE
GR
AN
T F
UN
DF
OR
TH
E Y
EA
R E
ND
ED
DE
CE
MB
ER
31,
201
7
SCH
ED
UL
E O
F I
NT
ER
FU
ND
S R
EC
EIV
AB
LE
/ (P
AY
AB
LE
)
Tru
st F
und
- O
ther
Fun
ds
155
Exhibit A-38
CITY OF JERSEY CITYFEDERAL AND STATE GRANT FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF RESERVE FOR ENCUMBRANCES
Ref.Balance: December 31, 2016 A 12,426,499$
Increased by Transfers from:Appropriated Grant Reserves A-39 7,041,726
19,468,225 Decreased by:
Appropriated Grant Reserves A-39 12,426,499
Balance: December 31, 2017 A 7,041,726$
156
Exh
ibit
A-3
9P
age
1 of
8
OK
TO
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DG
ET
RE
POR
TN
OT
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D O
N B
UD
GE
T R
EPO
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Bud
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Aw
ard
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Yea
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ityPa
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ns /
Dep
artm
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rogr
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ear
and
Mat
chR
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Aw
ards
Mat
chC
harg
edA
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tmen
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dR
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ved
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DE
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L G
RA
NT
S
Uni
ted
Stat
es D
epar
tmen
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and
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ent
Pass
ed th
roug
h N
J D
epar
tmen
t of
Com
mun
ity A
ffai
rsC
DB
G-D
R: P
ost S
andy
Pla
nnin
g A
ssis
tanc
e G
rant
2015
260,
000
$
-
$
184,
836
$
-$
-
$
174,
714
$
-$
8,
204
$
1,
918
$
CSB
G C
lust
erC
omm
unity
Ser
vice
s B
lock
Gra
nt (
CS
BG
)20
0645
2,45
8
4
-
-
-
4
-
-
-
Com
mun
ity S
ervi
ces
Blo
ck G
rant
(C
SB
G)
2010
959,
328
7,
382
-
-
-
-
7,
382
-
-
C
omm
unity
Ser
vice
s B
lock
Gra
nt (
CS
BG
)20
1194
0,51
6
274
-
-
-
-
274
-
-
Com
mun
ity S
ervi
ces
Blo
ck G
rant
(C
SB
G)
2016
933,
576
87
,137
604,
116
-
-
691,
253
-
-
-
C
omm
unity
Ser
vice
s B
lock
Gra
nt (
CS
BG
)20
1792
5,28
1
-
-
925,
281
-
56
7,54
3
(7
,752
)
365,
490
-
C
omm
unity
Ser
vice
s B
lock
Gra
nt (
CS
BG
) -
A.R
.R.A
.20
101,
596,
740
891
-
-
-
-
891
-
-
Pass
ed th
roug
h C
ount
y of
Hud
son
Dep
artm
ent o
f H
ealth
and
Hum
an S
ervi
ces,
Are
a A
genc
y on
Agi
ngA
ging
Clu
ster
:S
enio
r N
utri
tion
2013
1,17
8,04
5
19
,465
-
-
-
(1
)
19,4
66
-
-
S
enio
r N
utri
tion
2015
1,51
2,60
0
4,
182
-
-
-
-
-
-
4,
182
S
enio
r N
utri
tion
2016
1,54
2,53
6
13
0,82
8
10
1,17
7
-
-
98
,926
-
45
0
13
2,62
9
S
enio
r N
utri
tion
2017
1,53
1,79
8
-
-
1,
225,
438
30
6,36
0
1,
249,
415
-
78,3
19
20
4,06
4
P
eer
Gro
upin
g20
1680
,000
80,0
00
-
-
-
-
-
-
80
,000
Pre
vent
ion
Ori
ente
d S
yste
m f
or C
hild
Hea
lth (
POR
SC
HE
)20
1197
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16
-
-
-
-
16
-
-
Pre
vent
ion
Ori
ente
d S
yste
m f
or C
hild
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lth (
POR
SC
HE
)C
Y20
1197
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9,29
2
-
-
-
-
(6,3
09)
-
15,6
01
P
reve
ntio
n O
rien
ted
Sys
tem
for
Chi
ld H
ealth
(PO
RS
CH
E)
2012
292,
500
87
,591
-
-
-
-
-
-
87,5
91
P
reve
ntio
n O
rien
ted
Sys
tem
for
Chi
ld H
ealth
(PO
RS
CH
E)
2010
201,
900
6,
293
-
-
-
-
6,
293
-
-
(C
LP
PP
) C
hild
hood
Lea
d P
oiso
ning
Pre
vent
ion
Pro
gram
: Chi
ld H
ealth
2014
217,
000
8,
828
-
-
-
-
(4
9,56
4)
-
58,3
92
(C
LP
PP
) C
hild
hood
Lea
d P
oiso
ning
Pre
vent
ion
Pro
gram
: Chi
ld H
ealth
2015
195,
000
3,
637
-
-
-
-
-
-
3,
637
(C
LP
PP
) C
hild
hood
Lea
d P
oiso
ning
Pre
vent
ion
Pro
gram
: Chi
ld H
ealth
2016
195,
000
12
0,00
6
-
-
-
70,8
92
-
-
49
,114
(CL
PP
P)
Chi
ldho
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ead
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soni
ng P
reve
ntio
n P
rogr
am: C
hild
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lth20
1719
4,02
5
-
-
194,
025
-
46
,887
-
-
147,
138
Pas
sed
thro
ugh
Stat
e of
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artm
ent o
f H
ealth
and
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ior
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ices
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hild
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oiso
ning
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vent
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and
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lthy
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es20
1319
5,00
0
86,4
49
-
-
-
-
49
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-
36
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ST
D C
ontr
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1215
0,36
6
851
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1175
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2,72
0
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2,72
0
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-
Sex
ually
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nsm
itted
Dis
ease
s20
1512
2,18
3
119,
137
-
-
-
11
9,46
2
(3
25)
-
-
ST
D-
Add
ition
al20
1610
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325
-
-
-
-
325
-
-
Sex
ually
Tra
nsm
itted
Dis
ease
s20
1615
7,18
3
147,
183
3,91
0
-
-
104,
180
-
-
46,9
13
S
exua
lly T
rans
mitt
ed D
isea
se (
STD
) P
rogr
am 2
018
2017
167,
183
-
-
16
7,18
3
-
30,4
84
-
4,92
5
131,
774
Soc
ial S
ervi
ces
Blo
ck G
rant
2014
500,
000
42
8,92
9
-
-
-
-
-
-
42
8,92
9
CIT
Y O
F J
ER
SEY
CIT
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ED
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AL
AN
D S
TA
TE
GR
AN
T F
UN
DF
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31,
201
7
SCH
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UL
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D
Bal
ance
: Dec
embe
r 31
, 201
6B
alan
ce: D
ecem
ber
31, 2
017
Incr
ease
d by
:D
ecre
ased
by:
Uni
ted
Stat
es D
epar
tmen
t of
Hea
lth
and
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an S
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ces
157
Exh
ibit
A-3
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age
2 of
8
OK
TO
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RE
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UD
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T R
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Bud
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rogr
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ear
and
Mat
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chC
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D
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ance
: Dec
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r 31
, 201
6B
alan
ce: D
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ber
31, 2
017
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d by
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ased
by:
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roug
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ate
of N
J D
epar
tmen
t of
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lth:
Wom
en, I
nfan
ts a
nd C
hild
ren
(WIC
)20
111,
494,
000
$
230,
135
$
-$
-
$
-$
-
$
-$
-
$
230,
135
$
Wom
en, I
nfan
ts a
nd C
hild
ren
(WIC
)20
111,
659,
900
254,
784
-
-
-
-
-
-
254,
784
Wom
en, I
nfan
ts a
nd C
hild
ren
(WIC
)20
121,
770,
000
21,9
26
-
-
-
-
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-
21
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en, I
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ts a
nd C
hild
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(WIC
)20
091,
363,
900
78,1
34
-
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-
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-
78
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en, I
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ts a
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hild
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(WIC
)20
101,
569,
900
156,
283
-
-
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-
156,
283
Wom
en, I
nfan
ts a
nd C
hild
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(WIC
)20
131,
632,
000
260,
576
-
-
-
-
156,
074
-
10
4,50
2
W
omen
, Inf
ants
and
Chi
ldre
n (W
IC)
2014
1,76
9,49
3
6,
095
-
-
-
-
-
-
6,
095
W
omen
, Inf
ants
and
Chi
ldre
n (W
IC)
Add
tnl P
ffy
2016
14,4
00
14
,400
-
-
-
-
-
-
14,4
00
W
omen
, Inf
ants
and
Chi
ldre
n (W
IC)
2015
1,76
9,29
1
28
,144
1,98
1
-
-
1,98
1
-
-
28,1
44
W
omen
, Inf
ants
and
Chi
ldre
n (W
IC)
2016
1,79
5,31
8
1,
395,
956
1,
275
-
-
1,
285,
955
-
-
11
1,27
6
20
18 W
IC H
ealth
Ser
vice
Gra
nt (
HS
G)
2017
1,80
2,58
3
-
-
1,
802,
583
-
372,
771
-
14
7
1,
429,
665
Pa
ssed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f A
gric
ultu
re:
Sum
mer
Foo
d S
ervi
ce P
rogr
am20
1141
8,63
5
10
5,69
7
-
-
-
-
-
-
105,
697
S
umm
er F
ood
Ser
vice
Pro
gram
2011
371,
960
37
0,56
1
-
-
-
-
-
-
37
0,56
1
S
umm
er F
ood
Ser
vice
Pro
gram
2010
333,
918
87
,553
-
-
-
-
-
-
87,5
53
S
umm
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ood
Ser
vice
Pro
gram
2012
444,
922
18
1,22
9
-
-
-
-
-
-
18
1,22
9
S
umm
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ood
Ser
vice
Pro
gram
2013
607,
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81
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-
-
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-
81,2
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-
S
umm
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ood
Ser
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Pro
gram
2014
551,
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357,
941
Sum
mer
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152,
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626,
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or C
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789,
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San
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2016
9,31
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Pa
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Food
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166,
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93
6
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4,
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Fo
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Gra
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Pro
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2017
8,42
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4,65
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5
Uni
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Stat
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158
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3,43
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-
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Clu
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Edw
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Byr
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e A
ssis
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rant
2012
213,
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15
9,93
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-
-
-
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-
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15
9,93
2
Pa
ssed
thro
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Hud
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Edw
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Byr
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2014
198,
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19
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19
8,50
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E
dwar
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Mem
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136,
769
Edw
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Byr
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rant
2015
173,
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17
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17
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Pa
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thro
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5,82
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Mak
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Fede
ral G
rant
Pro
gram
2016
14,4
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-
-
-
2,
160
-
-
12
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Mak
e a
Spl
ash
Fede
ral G
rant
Pro
gram
2017
3,38
0
-
-
3,
380
-
-
-
3,36
2
18
Pro
ject
Saf
e N
eigh
borh
oods
2015
367,
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61
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-
-
-
61
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4
Bur
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ourt
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ovat
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mun
ity S
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gram
(C
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1620
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-
14
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39
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artn
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1612
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Ass
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4,
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Pa
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thro
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Stat
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Off
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omel
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Secu
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and
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Are
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nitia
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2008
1,30
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6
13
,160
-
-
-
-
13,1
60
-
-
U
rban
Are
a S
ecur
ity I
nitia
tive
2012
3,57
3,00
0
40
4,27
9
-
-
-
-
-
-
40
4,27
9
U
rban
Are
a S
ecur
ity I
nitia
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2014
1,62
6,29
6
16
2,12
7
-
-
-
-
-
-
16
2,12
7
U
rban
Are
a S
ecur
ity I
nitia
tive
2015
1,89
6,79
6
39
4,92
7
11
3,18
2
-
-
20
9,03
7
-
64,2
77
23
4,79
5
U
rban
Are
a S
ecur
ity I
nitia
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2016
1,77
6,00
0
1,
091,
016
63
3,93
3
-
-
1,
290,
993
-
124,
491
309,
465
Urb
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hare
Gra
nt P
rogr
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171,
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1,71
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-
-
47
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610
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nitia
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re20
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nitia
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604
-
-
-
-
604
-
-
Urb
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rea
Sec
urity
Ini
tiativ
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OE
M/F
ire
2011
3,38
5,50
0
16
9,77
6
-
-
-
-
-
-
16
9,77
6
C
hem
ical
Sec
tor
Buf
fer
Zon
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rote
ctio
n P
lace
2010
40,0
00
40
,000
-
-
-
-
-
-
40,0
00
S
tate
Hom
elan
d S
ecur
ity -
Haz
mat
Veh
icle
2009
210,
000
21
0,00
0
-
-
-
-
-
-
21
0,00
0
P
ort S
ecur
ity G
rant
2012
956,
403
57
8,97
9
-
-
-
-
-
-
57
8,97
9
P
ort S
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rant
- R
espo
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Equ
ipm
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2012
297,
000
56
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-
-
-
-
-
-
56,8
70
P
ort S
ecur
ity -
Fir
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1521
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-
13
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-
-
Por
t Sec
urity
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ire
2016
506,
250
-
506,
250
-
-
506,
250
-
-
-
P
ort S
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ity -
Fir
e20
1722
5,00
0
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225,
000
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13
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-
17
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194,
209
Uni
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Stat
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Hom
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curi
ty
159
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31, 2
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Incr
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Stat
es D
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Hom
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curi
ty (
cont
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d)P
ort S
ecur
ity G
rant
2011
1,12
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7$
77
7,85
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-
$
-$
-
$
-$
-
$
-$
77
7,85
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P
ort S
ecur
ity G
rant
Pro
gram
2017
163,
431
-
-
16
3,43
1
-
28,8
88
-
135
134,
408
FY12
Por
t Sec
urity
-New
Haz
ardo
us M
ater
ial D
etec
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Equ
ip.
2013
466,
667
18
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-
-
-
-
-
-
18,9
42
FE
MA
Ass
ista
nce
2011
100,
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20
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-
-
-
-
-
-
20,0
00
S
taff
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for
Ade
quat
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mer
genc
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Sta
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Res
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2014
6,86
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128,
757
-
-
-
-
-
-
2,
128,
757
FE
MA
- H
azar
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itiga
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Gra
nt P
rogr
am20
1644
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9
426,
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-
-
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14
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124,
358
151,
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Pass
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prov
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4,59
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220
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ilson
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No r
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umm
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220
1361
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7
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146
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-
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146
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afet
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rogr
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mit
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2016
450,
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363,
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63
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ve20
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-
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-
-
-
-
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400
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Pro
gram
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SIP
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Com
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2017
736,
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-
-
73
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Pro
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220
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Imp.
Pro
gram
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rive
2017
399,
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-
-
39
9,71
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-
-
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39
9,71
4
L
ocal
Saf
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Pro
gram
- M
arin
Blv
d20
1688
5,83
8
885,
838
-
-
-
-
-
-
885,
838
Loc
al S
afet
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rogr
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Oak
land
Ave
& S
t. P
aul's
2016
288,
524
28
8,52
4
-
-
-
-
-
-
28
8,52
4
S
ubre
gion
al T
rans
port
atio
n P
lann
ing
2008
200,
000
7,
420
-
-
-
-
7,
420
-
-
S
ubre
gion
al T
rans
port
atio
n P
lann
ing
2010
71,9
77
4,
412
-
-
-
-
4,
412
-
-
S
ubre
gion
al T
rans
port
atio
n P
lann
ing
2013
14,3
95
67
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-
-
-
-
-
-
67,9
77
S
ubre
gion
al T
rans
port
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n P
lann
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2014
57,5
81
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-
-
-
-
-
-
67,1
15
S
ubre
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al T
rans
port
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n P
lann
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2015
113,
162
59
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-
-
-
-
-
-
59,1
20
S
ubre
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rans
port
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n P
lann
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2016
113,
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11
3,16
2
-
-
-
111,
842
-
-
1,32
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Sub
regi
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Tra
nspo
rtat
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nnin
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1712
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99,3
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22
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12
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ubre
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tudi
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roje
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preh
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raff
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Exhibit A-41
Balance: Cash Balance:Dec. 31, 2016 Receipts Interfunds Dec. 31, 2017
SAFER Grant -$ 3,218,127$ -$ 3,218,127$ CDBG Disaster Recovery Grant - 402,747 1,961 404,708 The Hartford - Junior Fire
Marshal Program - 10,000 - 10,000 Recycling Tonnage - 306,936 - 306,936 NJ Health Care Quality Institute - 6,504 - 6,504
-$ 3,944,314$ 1,961$ 3,946,275$
Ref. A A-4 A-37 A
CITY OF JERSEY CITYFEDERAL AND STATE GRANT FUND
FOR THE YEAR ENDED DECEMBER 31, 2016
SCHEDULE OF RESERVE FOR STATE AND FEDERAL GRANTS - UNAPPROPRIATED
166
qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxc
CITY OF JERSEY CITY
REPORT OF AUDIT
SUPPLEMENTARY DATA SECTION: TRUST FUND SCHEDULES
Exh
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B-1
She
et 1
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ITY
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RS
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B47
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41
,531
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16
,847
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sB
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sB
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644,
511
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ves
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B-1
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-
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nce
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ture
sB
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21,0
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te F
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sB
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395,
587
-
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384,
269
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rant
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332,
500
-
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o L
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-
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140,
416
36
,410
94
,128
,963
33
5,71
5,05
1
83
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13
5,65
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6
33
7,88
6,43
5
Ani
mal
Con
trol
Fun
dO
ther
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dsP
ayro
ll A
genc
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167
Exh
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QU
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Ref
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nim
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ontr
ol F
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Pay
roll
Age
ncy
Sub
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war
d fr
om S
heet
183
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13
5,65
9,98
6$
33
7,88
6,43
5$
Dec
reas
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y D
isbu
rsem
ents
:In
terf
unds
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mal
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trol
B-2
241
$
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ther
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dsB
-9-
2,
397,
052
-
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roll
Age
ncy
B-1
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tate
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sB
-35,
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l Pay
able
sB
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626,
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-
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or E
ncum
bran
ces
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mal
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trol
B-4
19,4
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unds
B-1
1-
3,
180,
727
-
Res
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s an
d S
peci
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epos
itsB
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59,5
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-
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ranc
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xpen
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res
B-1
6-
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,221
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-
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tate
For
feitu
res
B-1
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eder
al F
orfe
itur
esB
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-
196,
478
-
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eder
al G
rant
Exp
endt
iure
sB
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-
192,
988
-
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ouch
ers
Pay
able
B-1
7-
9,
757,
381
-
Due
To
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rary
B-1
9-
-
12
4,68
4
Pay
roll
Ded
ucti
ons
B-2
0-
-
32
4,76
7,32
3
24
,731
94
,078
,214
32
4,89
2,00
7
Bal
ance
: Dec
embe
r 31
, 201
7B
59,0
73$
41,5
81,7
72$
12,9
94,4
28$
168
Exhibit B-2
CITY OF JERSEY CITYTRUST FUND - ANIMAL CONTROL FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF DUE TO CURRENT FUND
Ref.Balance: December 31, 2016 B 13$
Decreased by;Cash Receipts B-1 324
337 Credits:
Cash Disbursements B-1 241
Balance: December 31, 2017 B 96$
Exhibit B-3
SCHEDULE OF DUE TO STATE OF NEW JERSEY
Ref.Balance: December 31, 2016 B 172$
Increased by:One-Year Licenses
State Registration Fees 854$ Pilot Clinic Fees 171 Population control 822
Three-Year LicensesState Registration Fees 1,866 Pilot Clinic Fees 373 Population control 945
B-1 5,031 5,203
Decreased by:Cash Disbursements B-1 5,006
Balance: December 31, 2017 B 197$
169
Exhibit B-4
CITY OF JERSEY CITYTRUST FUND - ANIMAL CONTROL FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF RESERVE FOR ENCUMBRANCES
Ref.Balance: December 31, 2016 B 8,131$
Increased by:Reserve for Expenditures B-5 14,697
22,828 Decreased by:
Cash Disbursements B-1 19,484
Balance: December 31, 2017 B 3,344$
Exhibit B-5
SCHEDULE OF RESERVE FOR EXPENDITURES
Ref.Balance: December 31, 2016 B 25,068$
Increased by:Municipal Registration Fees - One-Year Licenses B-1 16,064$ Prepaid Three-Year Licenses Realized B-6 15,064
31,128 56,196
Decreased by:Reserve for Encumbrances B-4 14,697
Balance: December 31, 2017 B 41,499$
License Fees Collected
2015 29,965$ 2016 35,899
Maximum Allowable Reserve 65,864$
170
Exhibit B-6
CITY OF JERSEY CITYTRUST FUND - ANIMAL CONTROL FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF PREPAID THREE-YEAR LICENSES
Ref.Balance: December 31, 2016 B 14,010$
Increased by:2017 Three-Year Licenses B-1 14,991
29,001 Decreased by:
License Revenues Realized2015 6,124$ 2016 3,943 2017 4,997
B-5 15,064
Balance: December 31, 2017 B 13,937$
171
Exhibit B-7
CITY OF JERSEY CITYTRUST FUND - OTHER FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF FEDERAL GRANTS RECEIVABLE
Balance Increased by: Decreased by: BalanceDec. 31, 2016 Grant Awards Cash Receipts Dec. 31, 2017
CDBG Funds 20,015,349$ 5,034,144$ 6,676,203$ 18,373,290$ Emergency Solutions (ESG) 1,267,294 457,848 274,706 1,450,436 Home Program 9,375,691 1,354,363 774,458 9,955,596 HOPWA 6,738,847 2,420,486 2,450,095 6,709,238
37,397,181$ 9,266,841$ 10,175,462$ 36,488,560$
Ref. B B-9; B-13 B-1 B
Exhibit B-8
Ref.Balance: December 31, 2016 -$
Increased by:2016 Private Duty Reserve Overexpenditure B-12 153,900
Balance: December 31, 2017 B 153,900$
SCHEDULE OF DEFERRED CHARGES
172
Exhibit B-9
TRUST FUND - OTHER FUNDSFOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF INTERFUNDS RECEIVABLE / (PAYABLE)
Open SpaceCurrent Federal and General Recreation & Payroll
Total Fund State Grants Capital Fund Historic Trust AgencyRef.
Increased by:Off Duty Police B-12 14,469,594$ 14,469,594$ -$ -$ -$ -$ Federal Grant Appropriated B-13 9,266,841 9,266,841 - - - - Cash Disbursements B-1 2,397,052 810,182 54,256 500,009 - 1,032,605
26,133,487 24,546,617 54,256 500,009 - 1,032,605 Decreased by:
Anticipated as Revenue in Current FundUniform Fire Safety Act B-12 250,000 250,000 - - - - Federal Grant Awards B-7 9,266,841 9,266,841 - - - -
Cash Receipts B-1 16,847,435 15,172,031 54,256 - 623,000 998,148 26,364,276 24,688,872 54,256 - 623,000 998,148
Net Change in Interfunds (107,437) (141,894) - - - 34,457
Balance: December 31, 2016Interfunds Receivable B 106,404 2,587 103,817 - - - Interfunds Payable B (109,756) (11,818) - - - (97,938)
Balance: December 31, 2017
Interfunds Receivable B 689,154$ 85,328$ 103,817$ 500,009$ -$ -$
Interfunds Payable B (923,295)$ (236,814)$ -$ -$ (623,000)$ (63,481)$
Due to Sub-Account (from Above):Other Trust 103,817$ -$ 103,817$ -$ -$ -$ Law Enforcement 585,337 85,328 - 500,009 - -
689,154$ 85,328$ 103,817$ 500,009$ -$ -$
Due from Sub-Account (to Above):Other Trust (859,370)$ (236,370)$ -$ -$ (623,000)$ -$ CDBG (62,166) (83) - - - (62,083) HOPWA (1,038) - - - - (1,038) MLK (361) (361) - - - -
(922,935)$ (236,814)$ -$ -$ (623,000)$ (63,121)$
CITY OF JERSEY CITY
173
Exhibit B-10
CITY OF JERSEY CITYTRUST FUND - OTHER FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF INTERGOVERNMENTAL PAYABLES
Total Training Fees UnemploymentRef.
Balance: December 31, 2016 B 265,929$ 253,019$ 12,910$
Increased by:Accrual for Fourth Quarter Bill B-14 383,446 - 383,446 Cash Receipts B-1 644,511 644,511 -
1,293,886 897,530 396,356
Decreased by:Cash Disbursements B-1 626,728 626,728 - Transfer to Vouchers Payable B-17 12,910 - 12,910
Balance: December 31, 2017 B 654,248$ 270,802$ 383,446$
Due to State of New Jersey:
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178
Exhibit B-14
CITY OF JERSEY CITYTRUST FUND - OTHER FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF RESERVE FOR UNEMPLOYMENT EXPENDITURES
Ref.Balance: December 31, 2016 B 1,476,191$
Increased by:Cash Receipts B-1 583,242
2,059,433 Decreased by:
Transfer to Vouchers Payable B-17 476,053$ Payable for Final Quarter of Prior Year B-10 383,446
859,499
Balance: December 31, 2017 B 1,199,934$
Exhibit B-15
State FederalForfeitures Forfeitures
Ref.Balance: December 31, 2016 B 1,195,875$ 916,785$
Increased by:Cash Receipts B-1 395,587 384,269
1,591,462 1,301,054 Decreased by:
Cash Disbursements B-1 - 196,478 Encumbrances B-11 - 16,964
Balance: December 31, 2017 B 1,591,462$ 1,087,612$
SCHEDULE OF RESERVE FOR FORFEITURES
179
Exhibit B-16
CITY OF JERSEY CITYTRUST FUND - OTHER FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2017
Increased by:Balance: Cash Cash Vouchers Balance:
Dec. 31, 2016 Receipts Disbursed Payable Dec. 31, 2017
Judgments and Settlements -$ 11,232,965$ 10,417,324$ -$ 815,641$ Workers Compensation - 8,056,791 7,594,026 462,765 - Premiums - 1,774,302 - 1,774,302 - Widow Benefits 210,095 - 210,095 - -
210,095 21,064,058 18,221,445 2,237,067 815,641
Ref. B B-1 B-1 B-17 B
Exhibit B-17
SCHEDULE OF VOUCHERS PAYABLE
Decreased by:Balance Federal Grant Reserves for Cash Balance
Dec. 31, 2016 Encumbrances Expenditures Payable Disbursed Dec. 31, 2017
Insurance Trust -$ -$ 2,237,067$ -$ 2,237,067$ -$ Unemployment - - 476,053 12,910 488,963 - CDBG - 3,588,996 - - 3,588,996 - ESG - 274,705 - - 274,705 - Home Program - 809,963 - - 809,963 - HOPWA - 2,357,687 - - 2,357,687 -
-$ 7,031,351$ 2,713,120$ 12,910$ 9,757,381$ -$
B-11 B-10 B-1
B-16 2,237,067$ B-14 476,053
2,713,120$
IntergovernmentalIncreased by:
SCHEDULE OF RESERVE FOR INSURANCE EXPENDITURES
Decreased by:
180
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6In
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Bal
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: Dec
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r 31
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7
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ds
181
Exhibit B-19
CITY OF JERSEY CITYTRUST FUND - PAYROLL CLEARING FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF DUE TO LIBRARY
Library LibraryTotal Pension Insurance
Ref.Balance: December 31, 2016 B 63,538$ 45,248$ 18,290$
Increased by:Cash Receipts B-1 140,416 130,229 10,187
203,954 175,477 28,477 Decreased by:
Cash Disbursements B-1 124,684 116,137 8,547
Balance: December 31, 2017 B 79,270$ 59,340$ 19,930$
Exhibit B-20
Ref.Balance: December 31, 2016 B 2,205,713$
Increased by:Interfunds B-18 324,079,886
326,285,599 Decreased by:
Cash Disbursements B-1 324,767,323
Balance: December 31, 2017 B 1,518,276$
Reserve for:PFRS - Police 647,746$ PFRS - Fire 233,911 PERS (Including Insurance) 153,622 Internal Revenue Service 19,458 Estate of Manning 124,128 Stale-Dated Checks 228,989 Payroll Adjustment 111,476 Flex Spending Account 4,537 Social Security and Medicare (5,591)
1,518,276$
SCHEDULE OF RESERVE FOR PAYROLL DEDUCTIONS
182
Exhibit B-21
CITY OF JERSEY CITYTRUST FUND - OPEN SPACE, RECREATION AND HISTORIC PRESERVATION TRUST FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF DUE FROM OTHER TRUST
Ref.Balance: December 31, 2016 -$
Increased by:City Tax Levy Transferred to Other Trust B-22 623,000
Balance: December 31, 2017 B 623,000$
Exhibit B-22
Ref.Balance: December 31, 2016 -$
Increased by:City Tax Levy Transferred to Other Trust B-22 623,000
Balance: December 31, 2017 B 623,000$
SCHEDULE OF RESERVE FOR EXPENDITURES
183
qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxc
CITY OF JERSEY CITY
REPORT OF AUDIT
SUPPLEMENTARY DATA SECTION: GENERAL CAPITAL FUND SCHEDULES
Exhibit C-2
CITY OF JERSEY CITYGENERAL CAPITAL FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF CASH - TREASURER
Ref.Cash Receipts:
Proceeds on Sale of Bonds and NotesGeneral Bonds Payable C-13 70,915,000$ Bond Anticipation Notes Payable C-10 24,901,000 Funding of Deferred Charges from Bond Premium C-4 1,055,000
C-3 96,871,000$ Premiums
InterfundsInterest on Investments C-8 75,395 Received from Current Fund C-8 65,142,204
Other Reserves C-18 924,020 C-3 66,141,619
Total Cash Receipts 163,012,619
Cash Disbursements:Use of Bond and Note Sale Proceeds
To Escrow for General Bond Principal C-13 71,970,000 Bond Anticipation Notes Matured C-10 24,901,000
C-3 96,871,000 Payment of Balance on Notes, Series 2017E C-1; C-10 28 Current Fund Share of Note Premiums C-1 44,550 Encumbrances C-17 200,591 Interfunds C-8 63,252,110
C-3 63,497,279 Improvement Authorizations C-3; C-9 15,875,454
Total Cash Disbursements 176,243,733
Net Increase in Cash (13,231,114)
Balance: December 31, 2016 C; C-3 69,544,114
Balance: December 31, 2017 C; C-3 56,313,000$
184
Exh
ibit
C-3
She
et 1
of
6
Dis
burs
emen
tsO
rdin
ance
Bal
ance
,B
onds
and
Impr
ovem
ent
Bon
ds &
Not
esT
rans
fers
Bal
ance
,N
umbe
rD
escr
ipti
onD
ec. 3
1, 2
016
Mis
cell
aneo
usN
otes
Iss
ued
Aut
hori
zati
ons
Ref
unde
dM
isce
llan
eous
Fro
mT
oD
ec. 3
1, 2
017
Fun
d B
alan
ce1,
306,
241
$
166,
444
$
-
$
-$
-
$
44,5
78$
-$
-
$
1,42
8,10
7$
In
terf
unds
Pay
able
/ (R
ecei
vabl
e)32
,617
63
,289
,497
-
(31,
909)
-
63,2
52,1
10
431,
250
50
0,00
9
170,
672
C
apit
al I
mpr
ovem
ent F
und
77,0
66
300,
000
-
-
-
-
-
-
37
7,06
6
Oth
er R
eser
ves
5,31
6,30
8
92
4,02
0
-
-
-
-
3,70
4,30
2
46
6,35
6
3,00
2,38
2
R
eser
ve f
or E
ncum
bran
ces
16,0
23,8
17
-
-
-
-
200,
591
15
,927
,637
14
,570
,670
14
,466
,259
R
eser
ve f
or R
etir
emen
t of
Deb
t-
-
-
-
-
-
-
3,52
8,30
2
3,
528,
302
Gen
eral
Im
prov
emen
t Aut
hori
zati
ons:
94-0
18B
Env
iron
men
tal a
nd S
ite
Cle
anup
(77,
000)
-
-
-
-
-
-
-
(77,
000)
94
-018
FA
cqui
siti
on a
nd I
mpr
ovem
ents
to 1
21 N
ewar
k A
ve(3
,103
)
-
-
-
-
-
-
-
(3
,103
)
94-1
23O
Pha
se I
- N
orth
and
Wes
t Pol
ice
Pre
cinc
ts1,
075
-
-
-
-
-
-
-
1,
075
96-0
15H
Con
stru
ctio
n of
New
Pol
ice
Pre
cinc
t55
,648
-
-
-
-
-
-
-
55,6
48
96-0
15I
Con
stru
ctio
n of
Nor
th/E
ast F
ireh
ouse
9,81
3
-
-
-
-
-
-
-
9,81
3
97
-028
Par
king
Fac
ility
- C
ambr
idge
Ave
(40,
000)
-
-
-
-
-
-
-
(40,
000)
97
-039
AP
ubli
c P
arks
Im
prov
emen
ts(3
,259
)
-
-
-
-
-
-
-
(3
,259
)
96-0
98C
Str
ipin
g an
d S
igna
ge(5
,500
)
-
-
-
-
-
-
-
(5
,500
)
96-0
98D
Env
iron
men
tal C
lean
-Up
(1,8
28)
-
-
-
-
-
-
-
(1,8
28)
C
-211
-9C
onst
ruct
ion
of D
unca
n A
ve S
anita
ry S
ewer
Lin
e(3
11,5
00)
-
-
-
-
-
-
-
(3
11,5
00)
C-2
11-1
4A
cqui
re E
quip
men
t- H
uman
Res
ourc
es D
ept.
(106
)
-
-
-
-
-
-
-
(106
)
C
-807
Loa
n to
Jer
sey
Cit
y S
ewer
Aut
hori
ty2,
330
-
-
-
-
-
-
-
2,
330
C-9
17K
Acq
uisi
tion
of
Add
itio
nal F
ire
Equ
ipm
ent
29,4
92
-
-
-
-
-
-
-
29
,492
C
-917
MIm
prov
emen
ts o
f C
ity
Bui
ldin
gs59
2
-
-
-
-
-
-
-
59
2
J-57
5A
cqui
siti
on o
f L
and
- C
aven
Poi
nt(1
3,10
0)
-
-
-
-
-
-
-
(1
3,10
0)
McC
-127
Fis
cal y
ear
adju
stm
ent b
onds
(1,5
57)
-
-
-
-
-
-
-
(1,5
57)
M
cC-1
29G
Con
stru
ct a
nd I
mpr
ove
Sto
rm S
ewer
s -
JC
SA
(750
,000
)
-
-
-
-
-
-
-
(750
,000
)
M
cC-1
29R
Fir
ehou
se/P
olic
e S
tati
on(3
4,60
6)
-
-
-
-
-
-
-
(3
4,60
6)
McC
-129
QC
onst
ruct
ion
of N
ew P
olic
e P
reci
nct
248,
934
-
-
-
-
-
-
-
248,
934
M
cC-1
29W
Pub
lic
Res
ort I
mpr
ovem
ents
(2,5
00)
-
-
-
-
-
-
-
(2,5
00)
M
cC-3
13D
Con
stru
ct W
ashi
ngto
n S
t. E
xten
sion
5,39
8
-
-
-
-
-
-
-
5,39
8
M
cC31
3EIm
prov
emen
t to
Cit
y-O
wne
d R
eal P
rope
rty
111
-
-
-
-
-
-
-
111
00
-088
AC
onst
ruct
and
Ins
tall
Jus
tice
Com
plex
Equ
ipm
ent
(1,5
98,5
93)
-
-
-
-
-
-
-
(1,5
98,5
93)
M
cC-3
13L
Impr
ovem
ents
to B
uild
ings
- 2
80 G
rove
St /
8 E
rie
St.
1,67
8
-
-
-
-
-
-
-
1,67
8
M
cC-6
Impr
ovem
ent t
o S
anit
ary
Sew
er S
yste
ms
(160
,491
)
-
-
-
-
-
-
-
(160
,491
)
M
cC-1
81R
econ
stru
ctio
n of
Hen
ders
on S
tree
t(3
54,3
22)
-
-
-
-
-
-
-
(3
54,3
22)
McC
-181
Add
itio
nal A
ppro
pria
tion
to O
rd. M
cC-1
29(3
13,1
75)
-
-
-
-
-
-
-
(3
13,1
75)
McC
-996
Impr
ovem
ents
to V
ario
us T
raff
ic S
igna
ls(9
2,74
5)
-
-
-
-
-
-
-
(9
2,74
5)
92-0
29R
econ
stru
ct I
nter
sect
ions
/ T
raff
ic S
igna
ls(2
29,3
63)
-
-
-
-
-
-
-
(2
29,3
63)
92-0
14R
econ
stru
ctio
n of
Gra
nd S
tree
t(1
41,0
00)
-
-
-
-
-
-
-
(1
41,0
00)
McC
-398
CV
illa
Bon
quen
Exp
ansi
on(5
29,1
79)
-
-
-
-
-
-
-
(5
29,1
79)
*D
anfo
rth
Wes
tsid
e B
allf
ield
87
3,56
2
-
-
-
-
-
-
-
87
3,56
2
98-0
03A
Impr
ovem
ents
to J
effe
rson
St.
and
Oth
ers
1,00
0
-
-
-
-
-
-
-
1,00
0
98
-003
BC
ity
Sid
ewal
k Im
prov
emen
ts a
nd L
ands
capi
ng(4
5,00
0)
-
-
-
-
-
-
-
(4
5,00
0)
CIT
Y O
F J
ER
SE
Y C
ITY
GE
NE
RA
L C
AP
ITA
L F
UN
DF
OR
TH
E Y
EA
R E
ND
ED
DE
CE
MB
ER
31,
201
7
AN
AL
YS
IS O
F C
AS
H A
ND
CA
SH
EQ
UIV
AL
EN
TS
Rec
eipt
s
185
Exh
ibit
C-3
She
et 2
of
6
Dis
burs
emen
tsO
rdin
ance
Bal
ance
,B
onds
and
Impr
ovem
ent
Bon
ds &
Not
esT
rans
fers
Bal
ance
,N
umbe
rD
escr
ipti
onD
ec. 3
1, 2
016
Mis
cell
aneo
usN
otes
Iss
ued
Aut
hori
zati
ons
Ref
unde
dM
isce
llan
eous
Fro
mT
oD
ec. 3
1, 2
017
CIT
Y O
F J
ER
SE
Y C
ITY
GE
NE
RA
L C
AP
ITA
L F
UN
DF
OR
TH
E Y
EA
R E
ND
ED
DE
CE
MB
ER
31,
201
7
AN
AL
YS
IS O
F C
AS
H A
ND
CA
SH
EQ
UIV
AL
EN
TS
Rec
eipt
s
Gen
eral
Im
prov
emen
t Aut
hori
zati
ons
(con
tinu
ed):
98-0
03C
Inst
alla
tion
of T
raff
ic S
igna
ls, S
trip
ing
and
Sig
ns(1
,953
)$
-$
-
$
-$
-
$
-$
-
$
-$
(1
,953
)$
98-0
03F
Fir
ehou
se B
uild
ing
Impr
ovem
ents
1,10
7
-
-
-
-
-
-
-
1,10
7
98
-003
GC
ity
Bui
ldin
g Im
prov
emen
ts(3
,449
)
-
-
-
-
-
-
-
(3
,449
)
98-0
03I
Pub
lic
Par
ks I
mpr
ovem
ents
350
-
-
-
-
-
-
-
350
98
-003
JP
ubli
c Im
prov
emen
ts to
SID
(110
,000
)
-
-
-
-
-
-
-
(110
,000
)
98
-006
BP
ublic
Com
mun
ity C
ente
r(3
,939
,680
)
-
-
-
-
-
-
-
(3
,939
,680
)
98-1
57A
Pub
lic
Par
k Im
prov
emen
ts(1
,273
,750
)
-
-
-
-
-
-
-
(1
,273
,750
)
98-1
57D
Impr
ovem
ents
to C
ity-
Ow
ned
Pro
pert
y(1
53,9
49)
-
-
-
-
-
-
-
(1
53,9
49)
McC
-313
KIm
prov
emen
t to
Loe
ws
The
ater
1,64
9,40
4
-
-
-
-
-
-
-
1,64
9,40
4
03
-014
FP
ensi
on R
efun
ding
86,1
84
-
-
-
-
-
-
-
86
,184
02
-104
AIm
prov
emen
ts to
Var
ious
Cit
y P
arks
3,62
5
-
-
-
-
-
-
-
3,62
5
02
-104
DR
econ
stru
ct a
nd I
mpr
ove
Cit
y B
uild
ings
106
-
-
50
-
-
-
50
106
02
-104
ER
econ
stru
ct /
Ren
ovat
e F
ireh
ouse
, Eng
ine
2214
9
-
-
-
-
-
-
-
14
9
02-1
04F
Impr
ovem
ent t
o P
olic
e D
istr
icts
37,2
96
-
-
-
-
-
-
-
37
,296
02
-104
GA
cqui
re a
nd I
nsta
ll P
olic
e E
quip
men
t7,
508
-
-
-
-
-
-
-
7,
508
02-1
04H
Acq
uisi
tion
of
Equ
ipm
ent f
or F
ire
Ser
vice
s17
,350
-
-
-
-
-
-
-
17,3
50
02-1
04I
Acq
uire
and
Ins
tall
IT
Equ
ipm
ent -
Var
ious
Dep
ts.
1,24
0
-
-
-
-
-
-
-
1,24
0
02
-104
JC
onst
ruct
ion
/ Rec
onst
ruct
ion
of C
ity
Str
eets
-
-
-
16
4,26
0
-
-
-
16
4,26
0
-
02
-104
KP
relim
inar
y C
osts
to I
nteg
rate
Inf
o S
yste
ms
48,2
16
-
-
-
-
-
-
-
48
,216
03
-130
AV
ario
us E
quip
men
t3,
006
-
-
-
-
-
-
-
3,
006
05-0
25A
Bui
ldin
g Im
prov
emen
ts11
,702
-
-
-
-
-
-
-
11,7
02
05-0
21A
App
le T
ree
Hou
se R
esto
rati
on58
,310
-
-
-
-
-
-
-
58,3
10
05-0
38A
Ren
ovat
ion
of V
ario
us P
arks
13,3
25
-
-
13,8
32
-
-
2,61
8
4,
618
1,49
3
05
-038
BR
ehab
ilit
atio
n of
Lib
rary
Sta
ck S
yste
m40
-
-
-
-
-
-
-
40
05-0
38D
Reh
abil
itat
ion
of V
ario
us P
ubli
c B
uild
ings
250
-
-
16
,084
-
-
15
,510
31
,544
20
0
05-0
38F
Rec
onst
ruct
ion
/ Res
urfa
cing
of
Var
ious
Str
eets
38
-
-
6,
287
-
-
-
6,
287
38
05
-038
HA
cqui
re V
ehic
les
/ Equ
ipm
ent f
or J
CIA
301
-
-
-
-
-
-
-
301
06
-106
AR
enov
atio
n of
Var
ious
Par
ks76
3
-
-
-
-
-
59
2
592
76
3
06-1
06B
Reh
abil
itat
ion
of V
ario
us L
ibra
ries
126,
251
-
-
-
-
-
5,00
0
5,
000
126,
251
06
-106
ER
econ
stru
ct a
nd R
esur
face
Var
ious
Str
eets
-
-
-
9,
036
-
-
-
9,
036
-
07
-162
AR
enov
atio
n of
Var
ious
Par
ks47
,798
-
-
35
,404
-
-
-
63,8
62
76,2
56
07-1
62B
Par
ks -
Sec
urit
y C
amer
as11
0
-
-
-
-
-
-
-
11
0
07-1
62D
Gen
eral
Bui
ldin
gs
1,18
8,50
1
-
-
31
0,50
6
-
-
899,
434
17
4,94
3
153,
504
07
-162
EB
uild
ings
T/R
761
-
-
-
-
-
761
-
-
07
-162
GT
raff
ic S
igna
ls a
nd E
quip
men
t6,
639
-
-
-
-
-
-
-
6,
639
07-1
62H
Rec
onst
ruct
/ R
esur
face
Var
ious
Str
eets
7,78
2
-
-
(3
30)
-
-
338,
257
33
8,25
8
8,11
3
07
-162
IH
ED
C S
tudy
9,80
5
-
-
-
-
-
-
-
9,80
5
07
-162
LA
cqui
re N
ew E
mer
genc
y E
quip
men
t12
3,12
5
-
-
-
-
-
-
-
12
3,12
5
186
Exh
ibit
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hnol
ogy
Equ
ipm
ent/
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twar
e20
5,85
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-
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204,
693
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89
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11
6,54
5
28,4
06
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31-8
Gre
envi
lle
Bra
nch
Lib
rary
60,0
00
-
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60
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14
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ts B
ranc
h L
ibra
ry11
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70,0
00
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70
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70,0
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101,
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Zam
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79
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300,
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16
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n A
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Impr
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20
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20
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Gen
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ldin
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38
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& S
oftw
are
19,7
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18,6
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1,
510,
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538,
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21
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ourt
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25
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237,
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78
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450,
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125,
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16
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l Flo
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800,
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000
16
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-2 E
ngin
e 10
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b R
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r -
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e 20
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e 4,
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y H
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lway
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200,
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16
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t Res
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2,
545,
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1,17
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8
2,
560,
572
16.0
83-3
Cur
bs, S
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alks
, Ram
ps..e
tc.
1,85
2,98
0
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1,85
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16
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r 50
0,00
0
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50
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/Pro
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l Ser
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s 50
0,00
0
-
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34,9
72
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2,72
8
-
462,
300
16
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-3 E
nvir
onm
ent R
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tudi
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1,00
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12
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5
-
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275,
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603,
847
16
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ener
al I
nfra
stru
ctur
e Im
prov
emen
ts
150,
000
-
-
-
-
-
-
-
150,
000
189
Exh
ibit
C-3
She
et 6
of
6
Dis
burs
emen
tsO
rdin
ance
Bal
ance
,B
onds
and
Impr
ovem
ent
Bon
ds &
Not
esT
rans
fers
Bal
ance
,N
umbe
rD
escr
ipti
onD
ec. 3
1, 2
016
Mis
cell
aneo
usN
otes
Iss
ued
Aut
hori
zati
ons
Ref
unde
dM
isce
llan
eous
Fro
mT
oD
ec. 3
1, 2
017
CIT
Y O
F J
ER
SE
Y C
ITY
GE
NE
RA
L C
AP
ITA
L F
UN
DF
OR
TH
E Y
EA
R E
ND
ED
DE
CE
MB
ER
31,
201
7
AN
AL
YS
IS O
F C
AS
H A
ND
CA
SH
EQ
UIV
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TS
Rec
eipt
s
Gen
eral
Im
prov
emen
t Aut
hori
zati
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(con
tinu
ed):
16.0
83-4
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nali
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on E
quip
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t 95
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95
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16.0
83-4
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ipin
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350,
000
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350,
000
16
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cqui
siti
on o
f T
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t 10
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10
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0
16.0
83-4
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estr
ian
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ks
100,
000
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-
100,
000
16
.083
-4 S
peed
Hum
ps /
Bik
e In
fras
truc
ture
71
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-
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34
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-
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91
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12
6,14
4
71,3
51
16.0
83-5
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itat
ion
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s an
d E
quip
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t 44
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-
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423,
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-
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17
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16
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ng E
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cept
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280,
000
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95,7
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-
18
4,26
6
16.0
83-6
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f C
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athi
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atus
-
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900,
000
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900,
000
-
16.0
83-7
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umen
t Dig
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509,
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1,49
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72
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57
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55
1,48
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16.0
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227,
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16
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564,
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34
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291,
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58
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ts
226,
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226,
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prov
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ts
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000
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17
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-
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1,
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1,79
7
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Gen
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Ref
undi
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ond
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of
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d B
alan
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to b
e R
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ded
16.1
33R
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of
Tax
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B G
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mpr
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ld A
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71
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71,9
70,0
00
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Sch
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mpr
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s:97
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-
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(1
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Loc
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t:01
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tree
t Loc
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mpr
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ct(1
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)$
-$
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$
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$
-$
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$
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(1
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Wat
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mpr
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s:99
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11
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99
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99-1
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(351
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)
35
1,43
4
-
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69,5
44,1
14$
66,1
41,6
19$
96,8
71,0
00$
15,8
75,4
54$
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00$
63,4
97,2
79$
41,3
09,6
65$
41,3
09,6
65$
56,3
13,0
00$
Ref
.C
; C-2
C-2
C-2
C-2
; C-9
C-2
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cont
raco
ntra
C; C
-2; C
-3
190
Exh
ibit
C-3
aS
heet
1 o
f 8
Ord
inan
ceB
alan
ce,
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ance
She
etIm
prov
emen
t Aut
hori
zati
ons
To
Fut
ure
Not
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umbe
rD
escr
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onD
ec. 3
1, 2
017
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sF
unde
dU
nfun
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atio
nO
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andi
ng
Fun
d B
alan
ce1,
428,
107
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8,10
7$
-
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-$
-
$
-$
In
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able
/ (R
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377,
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s14
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-
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R
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or R
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t of
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t3,
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3,52
8,30
2
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Gen
eral
Im
prov
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t Aut
hori
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ons:
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nd S
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1,
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96
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55,6
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)
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-
96
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nvir
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-
C
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re E
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t- H
uman
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C-8
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2,33
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2,33
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-
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-
C-9
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29,4
92
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29
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592
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592
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cC-1
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ds(1
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cC-1
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Con
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-
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606)
-
-
-
(34,
606)
-
McC
-129
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of N
ew P
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nct
248,
934
-
248,
934
-
-
-
McC
-129
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c R
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t Im
prov
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ts(2
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-
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-
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-
CIT
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GE
NE
RA
L C
AP
ITA
L F
UN
DF
OR
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ND
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DE
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MB
ER
31,
201
7
AN
AL
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IS O
F C
AS
H A
ND
CA
SH
EQ
UIV
AL
EN
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EN
DIN
G B
AL
AN
CE
Unf
unde
dD
efer
red
Cha
rges
Ana
lysi
s of
End
ing
Bal
ance
191
Exh
ibit
C-3
aS
heet
2 o
f 8
Ord
inan
ceB
alan
ce,
Bal
ance
She
etIm
prov
emen
t Aut
hori
zati
ons
To
Fut
ure
Not
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umbe
rD
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ipti
onD
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1, 2
017
Acc
ount
sF
unde
dU
nfun
ded
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atio
nO
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CIT
Y O
F J
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SE
Y C
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RA
L C
AP
ITA
L F
UN
DF
OR
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R E
ND
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DE
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MB
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31,
201
7
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IS O
F C
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37
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05
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38
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301
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301
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06-1
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763
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763
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06-1
06B
Reh
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126,
251
-
126,
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76,2
56
-
76
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07
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15
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07
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639
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639
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07
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07
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9,80
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123,
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123,
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60,8
77
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60
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699
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699
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193
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andy
Rec
over
y -
Veh
icle
s-
-
-
-
(3
43,8
32)
343,
832
13
.031
H. S
andy
Rec
over
y -
Sof
twar
e-
-
-
-
(7
7,64
0)
77,6
40
13.0
31H
. San
dy R
ecov
ery
- P
ubli
c L
ibra
ry-
-
-
-
(3
69,7
11)
369,
711
14
.131
-1Im
prov
emen
ts to
Var
ious
Cit
y P
arks
1,16
6,03
6
-
1,16
6,03
6
-
-
-
14.1
31-1
Fen
cing
- C
ityw
ide
157,
212
-
157,
212
-
-
-
14.1
31-1
Tre
e P
lant
ing
- C
ityw
ide
48,9
30
-
48
,930
-
-
-
14.1
31-1
Gen
eral
Par
k 16
,209
-
16,2
09
-
-
-
14
.131
-1 S
port
s C
ourt
6,
582
-
6,
582
-
-
-
195
Exh
ibit
C-3
aS
heet
6 o
f 8
Ord
inan
ceB
alan
ce,
Bal
ance
She
etIm
prov
emen
t Aut
hori
zati
ons
To
Fut
ure
Not
esN
umbe
rD
escr
ipti
onD
ec. 3
1, 2
017
Acc
ount
sF
unde
dU
nfun
ded
Tax
atio
nO
utst
andi
ng
CIT
Y O
F J
ER
SE
Y C
ITY
GE
NE
RA
L C
AP
ITA
L F
UN
DF
OR
TH
E Y
EA
R E
ND
ED
DE
CE
MB
ER
31,
201
7
AN
AL
YS
IS O
F C
AS
H A
ND
CA
SH
EQ
UIV
AL
EN
TS
EN
DIN
G B
AL
AN
CE
Unf
unde
dD
efer
red
Cha
rges
Ana
lysi
s of
End
ing
Bal
ance
Gen
eral
Im
prov
emen
t Aut
hori
zati
ons
(con
tinu
ed):
14.1
31-1
Sec
urit
y C
amer
as (
Var
ious
Par
ks)
12$
-
$
12$
-
$
-$
-
$
14.1
31-1
Lan
dsca
ping
- C
ityw
ide
156,
000
-
156,
000
-
-
-
14.1
31-1
Mis
c. P
ark
Rep
airs
1,
129
-
1,
129
-
-
-
14
.131
-2 C
ity
Hal
l Rep
airs
98
5,00
0
-
98
5,00
0
-
-
-
14
.131
-2 E
leva
tor
at F
ire
Hea
dqua
rter
s 61
,065
-
61,0
65
-
-
-
14
.131
-2 M
isc.
Bui
ldin
g F
acil
itie
s 92
9,74
0
-
92
9,74
0
-
-
-
14
.131
-2 S
ecur
ity -
Pol
ice
Dis
tric
t 34
9,99
1
-
34
9,99
1
-
-
-
14
.131
-3 V
ario
us S
tree
t Res
urfa
cing
13
8,54
4
-
13
8,54
4
-
-
-
14
.131
-3 C
urbs
and
Sid
ewal
ks
288,
818
-
288,
818
-
-
-
14.1
31-3
Em
erge
ncy
Roa
d R
epai
rs
795,
223
-
795,
223
-
-
-
14.1
31-3
Env
iron
men
tal-
Rel
ated
Stu
dies
27
4,75
6
-
27
4,75
6
-
-
-
14
.131
-3 B
ridg
e M
aint
enan
ce a
nd R
epai
rs
250,
000
-
250,
000
-
-
-
14.1
31-3
Res
ervo
ir W
iden
ing
150,
000
-
150,
000
-
-
-
14.1
31-4
Sig
nali
zati
on E
quip
men
t 31
0,48
0
-
31
0,48
0
-
-
-
14
.131
-4 T
raff
ic S
trip
ing
and
Sig
ns
133,
729
-
133,
729
-
-
-
14.1
31-4
Acq
uisi
tion
of
Tra
ffic
Equ
ipm
ent
211,
532
-
211,
532
-
-
-
14.1
31-4
Way
find
ing
Sig
ns M
aint
enan
ce
100,
000
-
100,
000
-
-
-
14.1
31-4
Im
prin
ted
Cro
ssw
alks
15
0,00
0
-
15
0,00
0
-
-
-
14
.131
-5 V
ario
us V
ehic
les
and
Equ
ipm
ent
14,1
61
-
14
,161
-
-
-
14.1
31-6
Pub
lic
Saf
ety
Com
mun
icat
ions
3,
214
-
3,
214
-
-
-
14
.131
-7In
form
atio
n T
echn
olog
y E
quip
men
t/S
oftw
are
28,4
06
-
28
,406
-
-
-
14.1
31-8
Gre
envi
lle
Bra
nch
Lib
rary
60,0
00
-
60
,000
-
-
-
14.1
31-8
Hei
ghts
Bra
nch
Lib
rary
11
0,00
0
-
11
0,00
0
-
-
-
14
.131
-8 P
avon
ia B
ranc
h L
ibra
ry
70,0
00
-
70
,000
-
-
-
14.1
31-8
Tan
k R
emov
al a
t Lib
rary
70
,000
-
70,0
00
-
-
-
14
.131
-8 M
ain
Lib
rary
1,
380,
074
-
1,
380,
074
-
-
-
14
.131
-20
Iss
uanc
e C
osts
10
1,47
0
-
10
1,47
0
-
-
-
196
Exh
ibit
C-3
aS
heet
7 o
f 8
Ord
inan
ceB
alan
ce,
Bal
ance
She
etIm
prov
emen
t Aut
hori
zati
ons
To
Fut
ure
Not
esN
umbe
rD
escr
ipti
onD
ec. 3
1, 2
017
Acc
ount
sF
unde
dU
nfun
ded
Tax
atio
nO
utst
andi
ng
CIT
Y O
F J
ER
SE
Y C
ITY
GE
NE
RA
L C
AP
ITA
L F
UN
DF
OR
TH
E Y
EA
R E
ND
ED
DE
CE
MB
ER
31,
201
7
AN
AL
YS
IS O
F C
AS
H A
ND
CA
SH
EQ
UIV
AL
EN
TS
EN
DIN
G B
AL
AN
CE
Unf
unde
dD
efer
red
Cha
rges
Ana
lysi
s of
End
ing
Bal
ance
Gen
eral
Im
prov
emen
t Aut
hori
zati
ons
(con
tinu
ed):
14.1
66 Z
ambo
ni a
nd O
ther
Veh
icle
s 17
$
-$
17
$
-$
-
$
-$
16
.066
-1A
utom
otiv
e -
Sw
eepe
rs, D
ump
Tru
ck a
nd T
ahoe
s10
,788
-
10,7
88
-
-
-
16
.066
-2 P
re-f
abri
cate
d S
teel
Veh
icle
Sto
rage
Sys
tem
6,
845
-
6,
845
-
-
-
16
.066
-4 A
cqui
siti
on o
f L
and
- A
dmin
istr
atio
n 30
0,00
0
-
30
0,00
0
-
-
-
16
.066
-5 F
ulto
n A
ve. P
ark
Impr
ovem
ents
20
0,00
0
-
20
0,00
0
-
-
-
16
.066
-6 G
ener
al C
ity
Bui
ldin
g R
epai
rs &
Ren
ovat
ions
38
0,00
0
-
38
0,00
0
-
-
-
16
.066
-7 I
.T. D
epar
tmen
t Har
dwar
e &
Sof
twar
e 19
,753
-
19,7
53
-
-
-
16
.066
-7 H
uman
Res
ourc
es I
.T. H
ardw
are
& S
oftw
are
1,12
6
-
1,12
6
-
-
-
16.0
83-1
Im
prov
emen
ts to
Var
ious
Par
ks
1,23
1,08
7
-
1,23
1,08
7
-
-
-
16.0
83-1
Gen
eral
Par
ks M
aint
enan
ce
131,
700
-
131,
700
-
-
-
16.0
83-1
Spo
rts
Cou
rt R
esur
faci
ng
237,
480
-
237,
480
-
-
-
16.0
83-1
Mis
cell
aneo
us P
ark
Rep
airs
64
,750
-
64,7
50
-
-
-
16
.083
-2 C
ity
Hal
l Ent
ry S
teps
78
1,10
0
-
78
1,10
0
-
-
-
16
.083
-2 3
94 C
entr
al R
epoi
ntin
g 45
0,00
0
-
45
0,00
0
-
-
-
16
.083
-2 C
ity
Hal
l Flo
od P
rote
ctio
ns
2,00
0,00
0
-
2,00
0,00
0
-
-
-
16.0
83-2
Res
cue
One
- F
ire
500,
000
-
500,
000
-
-
-
16.0
83-2
Eng
ine
15 R
ehab
. - F
ire
800,
000
-
800,
000
-
-
-
16.0
83-2
Eng
ine
10 S
lab
Rep
air
- F
ire
200,
000
-
200,
000
-
-
-
16.0
83-2
Mar
ion
Gar
dens
- P
olic
e 50
0,00
0
-
50
0,00
0
-
-
-
16
.083
-2 C
ity
Hal
l - H
allw
ay F
lood
20
0,00
0
-
20
0,00
0
-
-
-
16
.083
-3 S
tree
t Res
urfa
cing
2,
560,
572
-
2,
560,
572
-
-
-
16
.083
-3 C
urbs
, Sid
ewal
ks, R
amps
..etc
. 1,
852,
980
-
1,
852,
980
-
-
-
16
.083
-3 E
mer
genc
y R
oadw
ay R
epai
r 50
0,00
0
-
50
0,00
0
-
-
-
16
.083
-3 E
ngin
eeri
ng/P
rofe
ssio
nal S
ervi
ces
462,
300
-
462,
300
-
-
-
16.0
83-3
Env
iron
men
t Rel
ated
Stu
dies
60
3,84
7
-
60
3,84
7
-
-
-
16
.083
-3 G
ener
al I
nfra
stru
ctur
e Im
prov
emen
ts
150,
000
15
0,00
0
16.0
83-4
Sig
nali
zati
on E
quip
men
t 95
0,00
0
-
95
0,00
0
-
-
-
197
Exh
ibit
C-3
aS
heet
8 o
f 8
Ord
inan
ceB
alan
ce,
Bal
ance
She
etIm
prov
emen
t Aut
hori
zati
ons
To
Fut
ure
Not
esN
umbe
rD
escr
ipti
onD
ec. 3
1, 2
017
Acc
ount
sF
unde
dU
nfun
ded
Tax
atio
nO
utst
andi
ng
CIT
Y O
F J
ER
SE
Y C
ITY
GE
NE
RA
L C
AP
ITA
L F
UN
DF
OR
TH
E Y
EA
R E
ND
ED
DE
CE
MB
ER
31,
201
7
AN
AL
YS
IS O
F C
AS
H A
ND
CA
SH
EQ
UIV
AL
EN
TS
EN
DIN
G B
AL
AN
CE
Unf
unde
dD
efer
red
Cha
rges
Ana
lysi
s of
End
ing
Bal
ance
Gen
eral
Im
prov
emen
t Aut
hori
zati
ons
(con
tinu
ed):
16.0
83-4
Tra
ffic
Str
ipin
g an
d S
igna
ge
350,
000
$
-
$
350,
000
$
-
$
-$
-
$
16.0
83-4
Acq
uisi
tion
of
Tra
ffic
Equ
ipm
ent
100,
000
-
100,
000
-
-
-
16.0
83-4
Ped
estr
ian
Saf
ety
- C
ross
wal
ks
100,
000
-
100,
000
-
-
-
16.0
83-4
Spe
ed H
umps
/ B
ike
Infr
astr
uctu
re
71,3
51
-
71
,351
-
-
-
16.0
83-5
San
itat
ion
Veh
icle
s an
d E
quip
men
t 17
,271
-
17,2
71
-
-
-
16
.083
-5 P
arki
ng E
nfor
cem
ent I
nter
cept
or V
ehic
les
184,
266
-
184,
266
-
-
-
16.0
83-7
Doc
umen
t Dig
itiz
atio
n / P
rint
Man
agem
ent
1,49
0,73
7
-
1,49
0,73
7
-
-
-
16.0
83-7
Com
pute
r E
quip
men
t 55
1,48
8
-
55
1,48
8
-
-
-
16
.083
-7 H
uman
Res
ourc
es S
oftw
are
Sys
tem
72
,480
-
72,4
80
-
-
-
16
.083
-7 E
mpl
oyee
Tim
ekee
ping
Sys
tem
10
0,00
0
-
10
0,00
0
-
-
-
16
.083
-7 C
lose
d C
ircu
it T
elev
isio
n 14
5
-
14
5
-
-
-
16
.083
-20
Iss
uanc
e C
osts
22
6,69
1
-
22
6,69
1
417
(4
17)
-
16
.106
Wes
t Cam
pus
Red
evel
opm
ent P
roje
ct
4,13
5,00
0
-
-
16
,000
,000
(1
6,00
0,00
0)
4,
135,
000
17.0
98V
ario
us C
apit
al I
mpr
ovem
ents
605,
000
-
605,
000
-
-
-
17.1
56A
cqus
itio
n of
Str
eet S
wee
pers
(N
JEIT
)-
2,60
0,00
0
(2
,600
,000
)
-
Gen
eral
Ref
undi
ng B
ond
Ord
inan
ces,
Net
of
Out
stan
ding
Bon
d B
alan
ces
Aut
hori
zed
to b
e R
efun
ded
16.1
31R
efun
ding
of
Tax
able
Ser
ies
2010
C G
ener
al I
mpr
ovem
ent
-
-
1,58
0,00
0
(1
,580
,000
)
-
Sch
ool I
mpr
ovem
ent A
utho
riza
tion
s:97
-006
CN
ew M
iddl
e sc
hool
, Hei
ghts
Are
a(1
,587
,258
)
-
-
-
(1
,587
,258
)
-
Loc
al A
sses
smen
t:01
-057
AG
reen
e S
tree
t Loc
al I
mpr
ovem
ent P
roje
ct(1
,509
,635
)
-
-
-
(1
,509
,635
)
-
56,3
13,0
00$
22,9
72,7
88$
34,3
33,3
34$
28,3
43,7
65$
(54,
237,
887)
$
24,9
01,0
00$
Ref
.C
; C-2
; C-3
C-9
C-9
C-5
C-1
0
198
Exhibit C-4
CITY OF JERSEY CITYGENERAL CAPITAL FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF DEFERRED CHARGES TO FUTURE TAXATION - FUNDED
Ref.Balance: December 31, 2016 C 468,414,405$
Increased By:Refunding Bonds Issued C-13, contra 70,915,000
539,329,405 Decreased By:
School Bond Payments C-12 6,325,000$ General Serial Bonds Paid by Budget Appropriation C-13 35,982,000 General Bond Principal Refunded C-13, contra 70,915,000 Funded by Premium on Bond Sale C-2, C-13 1,055,000 Pension Refunding Bond Payments C-14 1,655,000 Local Improvement Bond Payments C-16 595,000 Green Trust Loan Payments C-11 105,626
116,632,626
Balance: December 31, 2017 C 422,696,779$
School Serial Bonds Payable 20,830,000$ General Bonds Payable 352,980,000 Pension Refunding Bonds 36,710,000 Local Improvement Bonds 11,226,000 Green Trust Loans Payable 950,779
422,696,779$
199
Exh
ibit
C-5
She
et 1
of
3C
ITY
OF
JE
RS
EY
CIT
YG
EN
ER
AL
CA
PIT
AL
FU
ND
FO
R T
HE
YE
AR
EN
DE
D D
EC
EM
BE
R 3
1, 2
017
SC
HE
DU
LE
OF
DE
FE
RR
ED
CH
AR
GE
S T
O F
UT
UR
E T
AX
AT
ION
- U
NF
UN
DE
D
Pai
d by
Bud
get
Fund
ing
App
ropr
iatio
nP
rovi
ded
by:
Bon
dO
rdin
ance
Bal
ance
,C
urre
nt Y
ear
Ant
icip
atio
nB
alan
ce,
Num
ber
Impr
ovem
ent D
escr
iptio
nD
ec. 3
1, 2
016
Aut
hori
zatio
nsC
ance
lled
Not
esD
ec. 3
1, 2
017
Gen
eral
Im
prov
emen
ts:
C-2
11-9
Impr
ovem
ent t
o H
enry
and
Hig
hway
Sew
ers
311,
500
$
-$
-
$
-$
31
1,50
0$
J-
575
Cav
en P
oint
Lan
d A
cqui
sitio
n13
,100
-
-
-
13,1
00
C-2
11-1
4W
elfa
re C
ompu
ter
Equ
ipm
ent
106
-
-
-
10
6
M
cC-6
Impr
ovem
ent t
o S
anita
ry S
ewer
Sys
tem
s16
0,49
1
-
-
-
160,
491
McC
-129
-RN
ew F
ireh
ouse
and
Pol
ice
Pre
cinc
t34
,606
-
-
-
34,6
06
McC
-129
-WP
ublic
Res
ort I
mpr
ovem
ents
2,50
0
-
-
-
2,
500
M
cC-1
81R
econ
stru
ctio
n of
Hen
ders
on S
tree
t35
4,32
2
-
-
-
354,
322
McC
-181
Add
ition
al A
ppro
pria
tion
to O
rd. M
cC-1
2931
3,17
5
-
-
-
313,
175
McC
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Ref
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202
Exhibit C-5a
CITY OF JERSEY CITYGENERAL CAPITAL FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
DEFERRED CHARGES TO FUTURE TAXATION - UNFUNDED - ANALYSIS OF ENDING BALANCE
Analysis of Ending BalanceBond Bonds & Notes
Ordinance Balance, Anticipation AuthorizedNumber Improvement Description Dec. 31, 2017 Notes Payable But Not Issued Unexpended Expended
General Improvements:C-221-9 Improvement to Henry and Highway Sewers 311,500$ -$ 311,500$ -$ 311,500$
J-575 Caven Point Land Acquisition 13,100 - 13,100 - 13,100 C-211-14 Welfare Computer Equipment 106 - 106 - 106 McC-6 Improvement to Sanitary Sewer Systems 160,491 - 160,491 - 160,491
McC-127 Fiscal Year Adjustment Bonds 1,557 - 1,557 - 1,557 McC-129G Improvements to Storm Sewer JCSA 750,000 - 750,000 - 750,000 McC-129R New Firehouse and Police Precinct 34,606 - 34,606 - 34,606 McC-129W Public Resort Improvements 2,500 - 2,500 - 2,500 McC-181 Reconstruction of Henderson Street 354,322 - 354,322 - 354,322 McC-181 Additional Appropriation to Ord. McC-129 313,175 - 313,175 - 313,175
McC-398C Neighborhood Preservation Balanced Housing 529,179 - 529,179 - 529,179 McC-996 Improvements to Various Traffic Signals 92,745 - 92,745 - 92,745 92-029 Reconstruct Intersections / Traffic Signals 229,363 - 229,363 - 229,363 92-014 Reconstruction of Grand Street 141,000 - 141,000 - 141,000
94-018B Environmental and Site Cleanup 77,000 - 77,000 - 77,000 94-018F Improvements to 121 Newark Ave 3,103 - 3,103 - 3,103 96-098C Striping and Signage 5,500 - 5,500 - 5,500 96-098D Environmental Cleanup 1,828 - 1,828 - 1,828 97-028A Parking Facility - Cambridge Ave 40,000 - 40,000 - 40,000 97-039A Reappropriation from Ord. 917G: Public Parks 3,259 - 3,259 - 3,259 98-003B Various City Sidewalks and Landscaping 45,000 - 45,000 - 45,000 98-003C Installation of Traffic Signals, Striping and Signs 1,953 - 1,953 - 1,953 98-003D Building Improvements / Restoration 3,869 - 3,869 - 3,869 98-003G City Building Improvements 3,449 - 3,449 - 3,449 98-003J Improvements to Special Improvement Districts 110,000 - 110,000 - 110,000 98-006B Public Community Center Improvements 3,939,680 - 3,939,680 - 3,939,680 98-157A Public Parks Improvements 1,273,750 - 1,273,750 - 1,273,750 98-157D Improvements to City Owned Property 153,949 - 153,949 - 153,949 00-088A Construct/Install Equipment in Justice Complex 1,598,593 - 1,598,593 - 1,598,593
09-097/097A PJP Landfill Acquisition 8,142,948 8,142,948 - - - 09-127 Newark Avenue Streetscape 1,823,052 1,823,052 - - -
10-085/085A Property Acquisition: 6th Street Embankment 6,955,000 6,955,000 - - - 13.031/17.108 Hurricane Sandy Recovery 3,845,000 3,845,000 - - -
16.083.20 2016 Capital Improvements - Issuance Costs 417 - 417 417 - 16.106 West Campus Redevelopment Project 16,000,000 4,135,000 11,865,000 11,865,000 - 17.146 Acqusition of Street Sweepers (NJEIT) 2,600,000 2,600,000 2,600,000 -
Refunding Bond Ordinances, Net of Outstanding Bond Balances Authorized to be Refunded16.131 Refunding of Taxable Series 2010C General Improvement
Recovery Zone Econ. Develop. Bonds 1,580,000 - 1,580,000 1,580,000 -
Local Assessments:01-057A Greene Street Local Improvement Project 1,509,635 - 1,509,635 - 1,509,635
Subtotal General and Local Improvements 52,650,629 24,901,000 27,749,629 16,045,417 11,704,212
School Improvements:97-006B New Public School # 3 1,587,258 - 1,587,258 - 1,587,258
1,587,258 - 1,587,258 - 1,587,258
54,237,887$ 24,901,000$ 29,336,887$ 16,045,417$ 13,291,470$ Ref. C-5 C-10 C-21
Non-FinancedImprovement Authorizations
203
Exhibit C-6
PaymentsReceived from
MunicipalBalance, Utilities Balance,
Ord. No. Improvements Description Dec. 31, 2016 Authority Dec. 31, 2017
99-158B Improvements to Water Distribution System 110,224 110,224 - 99-158C Installation of Industrial Water Meters 1,000,000 1,000,000 - 99-158D Necessary and Essential Annual Capital Program 351,434 351,434 -
1,461,658$ 1,461,658$ -$ Ref. C C-8, C-21
CITY OF JERSEY CITYGENERAL CAPITAL FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF DEFERRED CHARGES TO FUTURE WATER RENTS - UNFUNDED
204
Exhibit C-7
CITY OF JERSEY CITYGENERAL CAPITAL FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF DUE FROM MUNICIPAL UTILITIES AUTHORITY
Ref.Balance: December 31, 2016 C 25,590,000$
Decreased By:Water Bonds Paid by Budget Appropriation C-15 4,440,000
Balance: December 31, 2017 C 21,150,000$
205
Exhibit C-8
CITY OF JERSEY CITYGENERAL CAPITAL FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF INTERFUNDS RECEIVABLE / (PAYABLE)
Other Trust:Law Current
Total Enforcement FundRef.
Increased by:Boyd McGuiness Reclass C-18 431,250$ -$ 431,250$ Note Premiums C-1 166,444 - 166,444 Funding of Water Deferred Charges C-6 1,461,658 - 1,461,658 Cash Disbursements C-2 63,252,110 - 63,252,110 Current Fund Budget Appropriation
Capital Improvement Fund C-20 300,000 - 300,000 65,611,462 - 65,611,462
Decreased by:Cash Received
Interest on Investments C-2 75,395 - 75,395 Received from Current Fund C-2 65,142,204 - 65,142,204
Improvement Authorizations C-9 531,918 500,009 31,909 65,749,517 500,009 65,249,508
Net Change in Interfunds (138,055) (500,009) 361,954
Balance: December 31, 2016 C (32,617) - (32,617)
Balance: December 31, 2017Interfunds Receivable C 329,337$ -$ 329,337$
Interfunds Payable C (500,009)$ (500,009)$ -$
206
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n of
City
Str
eets
11/1
3/02
3,12
0,00
0
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-
164,
260
-
-
-
-
164,
260
-
-
-
03
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FP
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11/2
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00
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86,1
84
-
03-1
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Var
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Equ
ipm
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09/2
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0
3,00
6
-
-
-
-
-
-
-
-
3,00
6
-
05
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AB
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Impr
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03/2
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568
11,7
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-
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11
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05
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AR
enov
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Var
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4,
618
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8
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ry S
tack
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tem
04/1
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3,10
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40
-
-
-
-
-
-
-
-
40
-
05
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DR
ehab
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tion
of V
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20
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Res
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04/1
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4,80
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6,
287
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38
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05
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04/1
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500,
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58
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05
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HA
cqui
re V
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/ Equ
ipm
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for
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04/1
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1,00
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301
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-
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301
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06
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AR
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Reh
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Rec
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9,
036
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07-1
62A
Ren
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10/2
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63,8
62
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35
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76
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07
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amer
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07-1
62D
Gen
eral
Bui
ldin
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10/2
2/07
5,65
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1,18
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-
17
4,94
3
-
-
-
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31
0,50
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89
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62E
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761
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07-1
62G
Tra
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Sig
nals
and
Equ
ipm
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10/2
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250,
000
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07
-162
HR
econ
stru
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Res
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258
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07-1
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DC
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0715
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805
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805
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07-1
62L
Acq
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ipm
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10/2
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235,
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123,
125
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123,
125
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07
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OA
cqui
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e10
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0747
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60
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-
-
-
-
-
-
-
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60,8
77
-
07-1
62P
JCIA
Var
ious
Equ
ipm
ent
10/2
2/07
1,00
0,00
0
699
-
-
-
-
-
-
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699
-
Ord
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016
Rea
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207
Exh
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C-9
She
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of
5C
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1, 2
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alan
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31, 2
016
Rea
ppro
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Gen
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Im
prov
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cont
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08-1
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14
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prov
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11/1
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11/1
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11/1
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249,
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11/1
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11/1
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11
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Gen
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11/1
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200,
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048
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11
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11
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11
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313,
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11/1
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06
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04
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04
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04
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04
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04
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Acq
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208
Exh
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She
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of
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alan
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11
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11/1
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Sig
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11
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177,
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11
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1410
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10
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0
-
-
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-
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-
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-
10
0,00
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11
/12/
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0
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15
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31-5
Var
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1459
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13
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61
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31-6
Pub
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11/1
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31-8
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11/1
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11
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11
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11
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11
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11
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11
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31, 2
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Rea
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Gen
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Im
prov
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cont
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Ful
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Ave
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prov
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04/2
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200,
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$
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$
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$
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16
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04/2
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380,
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380,
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-
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380,
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16
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04/2
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114,
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94,6
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04/2
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55,0
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-
-
-
-
-
-
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17
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6
-
16
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mpr
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to
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05/2
5/16
1,81
0,00
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30
0,00
0
-
-
-
-
53
8,79
4
40
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7
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16
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Mai
nten
ance
05
/25/
1622
5,00
0
21
6,76
4
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-
82
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1
131,
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16
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05
/25/
1625
0,00
0
25
0,00
0
-
-
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-
-
-
12
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-
23
7,48
0
-
16.0
83-1
Mis
cella
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Rep
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05
/25/
1675
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75,0
00
-
-
-
-
-
-
4,
125
6,
125
64
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16
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ity H
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05/2
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781,
100
781,
100
-
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-
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781,
100
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16
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94 C
entr
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g 05
/25/
1645
0,00
0
45
0,00
0
-
-
-
-
-
-
-
-
45
0,00
0
-
16.0
83-2
Loe
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Sta
biliz
atio
n 05
/25/
1612
5,00
0
12
5,00
0
-
-
-
-
-
-
12
5,00
0
-
-
-
16.0
83-2
City
Hal
l Flo
od P
rote
ctio
ns
05/2
5/16
2,00
0,00
0
2,00
0,00
0
-
-
-
-
-
-
-
-
2,00
0,00
0
-
16
.083
-2 R
escu
e O
ne -
Fir
e 05
/25/
1650
0,00
0
50
0,00
0
-
-
-
-
-
-
-
-
50
0,00
0
-
16.0
83-2
Eng
ine
15 R
ehab
. - F
ire
05/2
5/16
800,
000
800,
000
-
-
-
-
-
-
-
-
800,
000
-
16
.083
-2 E
ngin
e 10
Sla
b R
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r -
Fire
05
/25/
1620
0,00
0
20
0,00
0
-
-
-
-
-
-
-
-
20
0,00
0
-
16.0
83-2
Mar
ion
Gar
dens
- P
olic
e 05
/25/
164,
500,
000
4,
500,
000
-
-
-
(4,0
00,0
00)
-
-
-
-
500,
000
-
16
.083
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ity H
all -
Hal
lway
Flo
od
05/2
5/16
200,
000
200,
000
-
-
-
-
-
-
-
-
200,
000
-
16
.083
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tree
t R
esur
faci
ng
05/2
5/16
4,92
7,67
5
2,54
5,78
3
-
1,
175,
168
-
-
-
-
(5
30,9
27)
1,
691,
306
2,
560,
572
-
16.0
83-3
Cur
bs, S
idew
alks
, Ram
ps..e
tc.
05/2
5/16
1,85
2,98
0
1,85
2,98
0
-
-
-
-
-
-
-
-
1,85
2,98
0
-
16
.083
-3 E
mer
genc
y R
oadw
ay R
epai
r 05
/25/
1650
0,00
0
50
0,00
0
-
-
-
-
-
-
-
-
50
0,00
0
-
16.0
83-3
Eng
inee
ring
/Pro
fess
iona
l Ser
vice
s 05
/25/
1650
0,00
0
50
0,00
0
-
-
-
-
-
-
34
,972
2,72
8
462,
300
-
16
.083
-3 E
nvir
onm
ent
Rel
ated
Stu
dies
05
/25/
161,
000,
000
1,
000,
000
-
-
-
-
-
-
12
0,58
5
27
5,56
8
60
3,84
7
-
16.0
83-3
Gen
eral
Inf
rast
ruct
ure
Impr
ovem
ents
05
/25/
1615
0,00
0
15
0,00
0
-
-
-
-
-
-
-
-
15
0,00
0
-
16.0
83-4
Sig
naliz
atio
n E
quip
men
t 05
/25/
1695
0,00
0
95
0,00
0
-
-
-
-
-
-
-
-
95
0,00
0
-
16.0
83-4
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ipin
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350,
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350,
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16
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sitio
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000
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-
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100,
000
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16
.083
-4 P
edes
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n S
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ssw
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05
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10
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0
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-
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-
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-
-
-
10
0,00
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83- 4
Spe
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550,
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126,
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34,3
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91
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16.0
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les
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ent
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682,
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440,
474
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-
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423,
203
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17
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16
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cem
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s 05
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1628
0,00
0
28
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0
-
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-
-
-
-
-
95,7
34
18
4,26
6
-
16.0
83-6
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f C
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ppar
atus
05
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1690
0,00
0
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-
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0,00
0
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90
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-
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2,00
0,00
0
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-
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-
-
50
9,26
3
1,
490,
737
-
16.0
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pute
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quip
men
t 05
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161,
200,
000
1,
200,
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-
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-
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72
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575,
774
551,
488
-
16
.083
-7 H
uman
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oftw
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tem
05
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1630
0,00
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30
0,00
0
-
-
-
-
-
-
-
227,
520
72,4
80
-
16.0
83-7
Em
ploy
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yste
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100,
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100,
000
-
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-
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-
-
-
-
100,
000
-
16
.083
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elev
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/25/
1660
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0
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7,27
6
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482,
724
-
-
-
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564,
929
34,9
26
14
5
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16.0
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291,
228
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58
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-
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-
-
350,
000
-
-
-
16
.083
-20
Iss
uanc
e C
osts
05
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1625
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0
22
6,69
1
41
7
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226,
691
417
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06 W
est
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07
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16,0
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17
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4,
000,
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395,
000
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605,
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-
17
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ratio
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1,95
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951,
797
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17
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10
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ibit
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Dat
e of
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0
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000
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ibit
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lifie
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000
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00 o
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lic09
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eral
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00
Ref
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2019
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0
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000%
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0
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e Q
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ied
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eral
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09 f
or $
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rdin
ance
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16.
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0
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ibit
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heet
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Dat
e of
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ng B
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2,32
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or $
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5,00
0
2.
573%
Ref
undi
ng O
rdin
ance
No.
16.
132)
E-
Tot
al a
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m B
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due
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ibit
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heet
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f 7
Dat
e of
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0
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ng $
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00 o
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C-1
8
GE
NE
RA
L C
AP
ITA
L F
UN
D
Bal
ance
:C
ance
lled
Bal
ance
:D
ec. 3
1, 2
016
Rec
eipt
sE
ncum
bran
ces
Inte
rfun
dO
ther
Con
trac
tsD
ec. 3
1, 2
017
Res
erve
for
:P
aym
ent o
f C
apit
al D
ebt
2,22
5,55
7$
860,
267
$
-
$
43
1,25
0$
3,
517,
074
$
-
$
-$
P
aym
ent o
f S
choo
l Deb
t11
,228
-
-
-
11,2
28
-
-
Acq
uisi
tion
Rem
edia
tion
94,8
60
-
34,5
62
-
-
90
,000
39
,422
L
inde
n A
venu
e22
6,93
2
-
-
-
-
86
,000
14
0,93
2
L
oew
s T
heat
er2,
500,
000
-
-
-
-
-
2,50
0,00
0
PP
G G
arfi
eld
Ave
Sit
e S
ettl
emen
tE
nvir
onm
enta
l Tru
st F
und
21,2
69
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-
-
-
-
21
,269
H
oney
wel
l Set
tlem
ent:
Hon
eyw
ell S
ite
Pre
para
tion
75,7
00
-
544
-
-
-
76
,244
P
JP L
andf
ill:
Ope
rati
on a
nd M
aint
enan
ce16
0,76
2
63
,753
-
-
-
-
224,
515
5,31
6,30
8$
924,
020
$
35
,106
$
431,
250
$
3,52
8,30
2$
176,
000
$
3,00
2,38
2$
Ref
.C
C-2
C-1
7C
-8C
-19
C-1
7C
CIT
Y O
F J
ER
SE
Y C
ITY
Dec
reas
ed b
y:
SC
HE
DU
LE
OF
OT
HE
R R
ES
ER
VE
S
FO
R T
HE
YE
AR
EN
DE
D D
EC
EM
BE
R 3
1, 2
017
Incr
ease
d by
:
232
Exhibit C-19
CITY OF JERSEY CITYGENERAL CAPITAL FUND
FOR THE YEAR ENDED DECEMBER 31, 2017
Ref.Balance: December 31, 2016 -$
Increased by Reallocation from Other Reserves:General Capital Debt 3,517,074$ School Debt 11,228
C-18 3,528,302
Balance: December 31, 2017 C 3,528,302$
General Capital Debt 3,517,074$ School Debt 11,228
3,528,302$
Exhibit C-20
SCHEDULE OF CAPITAL IMPROVEMENT FUND
Ref.Balance: December 31, 2016 C 77,066$
Increased by:Current Fund Budget Appropriation C-3, C-8 300,000
Balance: December 31, 2017 C 377,066$
SCHEDULE OF RESERVE FOR RETIREMENT OF DEBT
233
Exh
ibit
C-2
1S
heet
1 o
f 2
Can
celle
d:Pa
ymen
tsN
otes
Ord
inan
ceB
alan
ce,
2017
Not
esE
xces
s of
Nee
dPr
emiu
m o
nB
udge
tR
ecei
ved
from
Issu
ed o
rB
alan
ce,
Num
ber
Impr
ovem
ent D
escr
iptio
nD
ec. 3
1, 2
016
Aut
hori
zatio
nsM
atur
edfo
r R
efun
ding
Sale
of
Bon
dsA
ppro
pria
tions
JCM
UA
Ren
ewed
Dec
. 31,
201
7
Gen
eral
Im
prov
emen
ts:
C-2
11-9
Impr
ovem
ent t
o H
enry
and
Hig
hway
Sew
ers
311,
500
$
-$
-
$
-$
-
$
-$
-
$
-$
31
1,50
0$
J-
575
Cav
en P
oint
Lan
d A
cqui
sitio
n13
,100
-
-
-
-
-
-
-
13,1
00
C-2
11-1
4W
elfa
re C
ompu
ter
Equ
ipm
ent
106
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106
M
cC-6
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ovem
ent t
o S
anita
ry S
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tem
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-
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491
McC
-129
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ew F
ireh
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cinc
t34
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34,6
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McC
-129
-WPu
blic
Res
ort I
mpr
ovem
ents
2,50
0
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cC-1
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stru
ctio
n of
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ders
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tree
t35
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-
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354,
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McC
-181
Add
ition
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ppro
pria
tion
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rd. M
cC-1
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McC
-398
Nei
ghbo
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d P
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ion
Bal
ance
d H
ousi
ng52
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9
-
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529,
179
McC
-996
Impr
ovem
ents
to V
ario
us T
raff
ic S
igna
ls92
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-
-
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9 2,7
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92-0
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econ
stru
ct I
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/ T
raff
ic S
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229,
363
92-0
14R
econ
stru
ctio
n of
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nd S
tree
t14
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000
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Env
iron
men
tal a
nd S
ite C
lean
up77
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-
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-
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77,0
00
94-0
18F
Impr
ovem
ents
to 1
21 N
ewar
k A
ve3,
103
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103
96-0
98C
Str
ipin
g an
d S
igna
ge5,
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-
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-
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5,
500
96-0
98D
Env
iron
men
tal C
lean
up1,
828
-
-
-
-
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-
1,82
8
97
-028
Park
ing
Faci
lity
- C
ambr
idge
Ave
40,0
00
-
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-
-
-
-
-
40
,000
97
-039
AR
eapp
ropr
iatio
n fr
om O
rd. 9
17G
: Pub
lic P
arks
3,25
9
-
-
-
-
-
-
-
3,25
9
98
-003
BV
ario
us C
ity S
idew
alks
and
Lan
dsca
ping
45,0
00
-
-
-
-
-
-
-
45
,000
98
-003
CIn
stal
l Tra
ffic
Sig
nals
, Str
ipin
g an
d S
igns
1,95
3
-
-
-
-
-
-
-
1 ,95
3
98
-003
DB
uild
ing
Impr
ovem
ents
/Res
tora
tion
3,86
9
-
-
-
-
-
-
-
3,86
9
98
-003
GC
ity B
uild
ing
Impr
ovem
ents
3,44
9
-
-
-
-
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-
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3,44
9
98
-003
JIm
prov
emen
ts to
Spe
cial
Im
p. D
istr
icts
110,
000
-
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-
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-
-
-
11
0,00
0
98
-006
Var
ious
Pub
lic C
omm
unity
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ter
3,93
9,68
0
-
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-
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-
3,
939,
680
98
-157
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ks I
mpr
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ents
1,27
3,75
0
-
-
-
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1,
273,
750
98
-157
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prov
emen
ts to
City
Ow
ned
Pro
pert
y15
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9
-
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-
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-
153,
949
00-8
8AE
quip
men
t in
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ice
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plex
1,59
8,59
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-
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-
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-
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McC
-127
Fisc
al Y
ear
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ustm
ent B
onds
1,55
7
-
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-
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-
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1,55
7
M
cC-1
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ovem
ents
to S
torm
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er J
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P L
andf
ill A
cqui
sitio
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ark
Ave
nue
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etsc
ape
-
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-
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823,
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85A
cqui
sitio
n of
Six
th S
tree
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bank
men
t-
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/17.
108
Hur
rica
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andy
Rec
over
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000
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16.0
83V
ario
us 2
016
Cap
ital I
mpr
ovem
ents
417
-
-
-
-
-
-
-
417
16
.106
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t Cam
pus
Red
evel
opm
ent P
roje
ct11
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5,00
0
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00
17.0
98 V
ario
us C
apita
l Im
prov
emen
ts
-
-
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-
17
.146
Acq
usiti
on o
f S
tree
t Sw
eepe
rs (
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IT)
-
2,
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000
-
-
-
-
-
-
2,
600,
000
Loc
al A
sses
smen
ts:
01-0
57A
Gre
ene
Str
eet L
ocal
Im
prov
emen
t Pro
ject
1,50
9,63
5
-
-
-
-
-
-
-
1,
509,
635
Incr
ease
d by
:
CIT
Y O
F J
ER
SEY
CIT
YG
EN
ER
AL
CA
PIT
AL
FU
ND
FO
R T
HE
YE
AR
EN
DE
D D
EC
EM
BE
R 3
1, 2
017
SCH
ED
UL
E O
F B
ON
DS
AN
D N
OT
ES
AU
TH
OR
IZE
D B
UT
NO
T I
SSU
ED
Dec
reas
ed b
y:
234
Exh
ibit
C-2
1S
heet
2 o
f 2
Can
celle
d:Pa
ymen
tsN
otes
Ord
inan
ceB
alan
ce,
2017
Not
esE
xces
s of
Nee
dPr
emiu
m o
nB
udge
tR
ecei
ved
from
Issu
ed o
rB
alan
ce,
Num
ber
Impr
ovem
ent D
escr
iptio
nD
ec. 3
1, 2
016
Aut
hori
zatio
nsM
atur
edfo
r R
efun
ding
Sale
of
Bon
dsA
ppro
pria
tions
JCM
UA
Ren
ewed
Dec
. 31,
201
7
Incr
ease
d by
:
CIT
Y O
F J
ER
SEY
CIT
YG
EN
ER
AL
CA
PIT
AL
FU
ND
FO
R T
HE
YE
AR
EN
DE
D D
EC
EM
BE
R 3
1, 2
017
SCH
ED
UL
E O
F B
ON
DS
AN
D N
OT
ES
AU
TH
OR
IZE
D B
UT
NO
T I
SSU
ED
Dec
reas
ed b
y:
Ref
undi
ng B
ond
Ord
inan
ces,
Net
of
Out
stan
ding
Bon
d B
alan
ces
Aut
hori
zed
to b
e R
efun
ded
16.1
31R
efun
ding
of
Tax
able
Ser
ies
2010
C G
ener
al I
mpr
ovem
ent
Rec
over
y Z
one
Eco
n. D
evel
op. B
onds
1,58
0,00
0$
-$
-
$
-$
-
$
-$
-
$
-$
1,
580,
000
$
16
.133
Ref
undi
ng o
f T
axab
le S
erie
s 20
10B
Gen
eral
Im
prov
emen
tB
uild
Am
eric
a B
onds
1,51
0,00
0
-
-
1,51
0,00
0
-
-
-
-
-
Tot
al G
ener
al a
nd L
ocal
Im
prov
emen
ts26
,659
,629
2,
600,
000
26
,898
,194
1,
510,
000
28
1,
997,
166
-
24,9
01,0
00
27,7
49,6
29
Sch
ool I
mpr
ovem
ents
:97
-006
BN
ew P
ublic
Sch
ool #
31,
587,
258
-
-
-
-
-
-
-
1,58
7,25
8
Tot
al S
choo
l Im
prov
emen
ts1,
587,
258
-
-
-
-
-
-
-
1,58
7,25
8
Wat
er I
mpr
ovem
ents
:99
-158
BIm
prov
emen
ts to
Wat
er D
istr
ibut
ion
Sys
tem
110,
224
-
-
-
-
-
11
0,22
4
-
-
99
-158
CIn
stal
latio
n of
Ind
ustr
ial W
ater
Met
ers
1,00
0,00
0
-
-
-
-
-
1,
000,
000
-
-
99
-158
DN
eces
sary
and
Ess
entia
l Ann
ual C
apita
l Pro
gram
351,
434
-
-
-
-
-
35
1,43
4
-
-
Tot
al W
ater
Im
prov
emen
ts1,
461,
658
-
-
-
-
-
1,46
1,65
8
-
-
Gra
nd T
otal
29,7
08,5
45$
2,60
0,00
0$
26,8
98,1
94$
1,51
0,00
0$
28$
1,99
7,16
6$
1,46
1,65
8$
24,9
01,0
00$
29,3
36,8
87$
C, a
t Foo
tnot
eC
-5, C
-9C
-10
C-5
; C-9
C-5
C-5
C-6
; C-8
C-1
0C
, at F
ootn
ote
C-5
a
235
qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxc
CITY OF JERSEY CITY
REPORT OF AUDIT
SUPPLEMENTARY DATA SECTION: GENERAL FIXED ASSET SCHEDULES
Exhibit D-1
Balance, Balance,Dec. 31, 2016 Additions Disposals Dec. 31, 2017
Land 138,916,522$ -$ 11,156,322$ 127,760,200$
Improvements 130,980,911 100,667,505 - 231,648,416
Machinery and Equipment 79,395,979 - 24,472,265 54,923,714
349,293,412$ 100,667,505$ 35,628,587$ 414,332,330$
Ref. D D-2 D-2 D
Exhibit D-2
Ref.Balance: December 31, 2016 D 349,293,412$
Increased by:Additions D-1 100,667,505
449,960,917 Decreased by:
Disposals D-1 35,628,587
Balance: December 31, 2017 D 414,332,330$
SCHEDULE OF RESERVE FOR FIXED ASSETS
CITY OF JERSEY CITYGENERAL FIXED ASSETS
FOR THE YEAR ENDED DECEMBER 31, 2017
SCHEDULE OF CHANGES IN FIXED ASSETS BY CLASS
236
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CITY OF JERSEY CITY
REPORT OF AUDIT
STATISTICAL SECTION (unaudited)
Tab
le 1
Dep
artm
ent N
ame
Dec
. 31,
201
7D
ec. 3
1, 2
016
Dec
. 31,
201
5D
ec. 3
1, 2
014
Dec
. 31,
201
3
Gen
eral
Gov
ernm
ent (
1)41
,378
,739
$
45,1
65,7
48$
46
,154
,488
$
34,9
82,2
55$
29
,310
,879
$
Pub
lic
Saf
ety
190,
919,
474
18
4,84
3,09
8
180,
917,
761
17
1,71
5,49
9
168,
611,
494
P
ubli
c W
orks
and
San
itat
ion
47,5
23,9
73
41
,773
,772
49,8
63,8
02
48
,963
,991
48,5
73,1
29
H
ealt
h an
d H
uman
Ser
vice
s5,
228,
392
4,
555,
143
4,
804,
449
4,
159,
532
4,
713,
610
P
arks
and
Rec
reat
ion
4,60
9,92
6
4,28
9,52
9
4,21
7,65
7
3,80
9,16
3
3,14
8,80
0
Cap
ital
Im
prov
emen
ts a
nd D
ebt S
ervi
ce81
,305
,220
81,2
24,5
98
71
,878
,690
71,2
09,9
96
71
,494
,689
Con
ting
ent,
Def
erre
d C
harg
es a
nd S
tatu
tory
Exp
endi
ture
s (i
nclu
des
Pen
sion
pay
men
ts)
64,7
07,3
70
64
,996
,921
60,6
98,2
04
57
,072
,410
66,2
21,1
87
G
rant
s an
d M
atch
ing
Fun
ds25
,428
,817
30,0
60,5
99
19
,006
,034
26,8
91,6
01
26
,803
,048
Oth
er I
tem
s:In
sura
nce
107,
448,
542
10
7,15
8,37
4
88,9
09,9
40
83
,847
,488
81,2
13,8
18
R
ent a
nd U
tili
ties
14,7
03,3
02
12
,694
,249
15,2
11,5
95
14
,382
,500
13,5
86,4
40
A
ccum
ulat
ed A
bsen
ces
/ Sev
eran
ce10
,061
,022
-
8,00
0,00
0
7,50
0,00
0
9,50
0,00
0
Lib
rary
App
ropr
iati
on8,
966,
755
8,
500,
000
8,
500,
000
8,
075,
000
7,
900,
000
R
eser
ve f
or U
ncol
lect
ed T
axes
4,88
0,77
0
3,84
7,49
2
3,49
9,99
5
1,84
6,73
7
1,52
8,22
3
Tot
al E
xpen
ditu
res
607,
162,
302
$
58
9,10
9,52
3$
561,
662,
615
$
53
4,45
6,17
2$
532,
605,
317
$
* In
clud
es P
aid
or C
harg
ed, E
ncum
bere
d an
d A
ppro
pria
tion
Res
erve
s.
CIT
Y O
F J
ER
SE
Y C
ITY
ST
AT
IST
ICA
L S
EC
TIO
N (
UN
AU
DIT
ED
)
FIV
E-Y
EA
R H
IST
OR
Y O
F G
OV
ER
NM
EN
TA
L E
XP
EN
DIT
UR
ES
*
(1)
Gen
eral
Gov
ernm
ent
incl
udes
:O
ffic
eof
the
May
or,
Cit
yC
lerk
and
Mun
icip
alC
ounc
il,
Hum
anR
esou
rces
,D
epar
tmen
tof
Adm
inis
trat
ion,
Off
ice
ofth
eT
axA
sses
sor,
Dep
artm
ent
ofL
aw,
Hou
sing
,E
cono
mic
Dev
elop
men
tan
dC
omm
erce
,M
unic
ipal
Pub
lici
ty,
Oth
erM
unic
ipal
Adv
erti
sing
,C
eleb
rati
onof
Pub
lic
Eve
nts,
Pro
fess
iona
lA
ffil
iati
ons,
Eth
ical
Sta
ndar
dsB
oard
,Sal
ary
Adj
ustm
ent,
Res
erve
for
Tax
App
eals
,Tax
Ove
rpay
men
tsan
da
Spe
cial
Em
erge
ncy
Rev
alua
tion
inth
eye
aren
ded
Dec
embe
r31
,20
16 o
f $5
,000
,000
.
237
Tab
le 2
Sou
rce
Dec
. 31,
201
7D
ec. 3
1, 2
016
Dec
. 31,
201
5D
ec. 3
1, 2
014
Dec
. 31,
201
3
Sur
plus
39,9
60,2
50$
20
,745
,651
$
25,7
22,7
50$
16
,413
,000
$
16,7
07,2
32$
Mis
cell
aneo
us R
even
ues
50,5
41,1
46
46
,632
,863
45,3
82,0
88
36
,695
,214
40,0
28,9
46
Sta
te A
id67
,050
,310
69,4
65,6
60
68
,430
,369
68,5
69,8
97
69
,320
,501
Uni
form
Con
stru
ctio
n C
ode
Fee
s6,
543,
764
8,
889,
787
7,
379,
539
7,
609,
895
5,
756,
541
Oth
er S
peci
al I
tem
s18
3,13
8,50
4
184,
308,
146
16
6,34
3,27
9
154,
471,
013
14
8,98
9,08
5
Gra
nts
25,0
14,4
57
29
,509
,479
18,2
23,6
66
26
,457
,642
26,4
16,6
16
Rec
eipt
s fr
om D
elin
quen
t Tax
es2,
262,
775
55
9,36
8
1,
461,
339
95
7,05
8
1,
027,
576
Am
ount
to b
e R
aise
d by
Tax
es24
1,37
1,71
4
240,
492,
408
23
4,26
9,68
4
232,
324,
644
23
5,38
3,84
5
Non
-Bud
get R
even
ues
5,88
2,61
8
2,76
0,37
2
1,18
5,07
6
2,01
3,25
7
1,69
8,81
8
Tot
al R
even
ues
621,
765,
538
$
60
3,36
3,73
4$
568,
397,
790
$
54
5,51
1,62
0$
545,
329,
160
$
CIT
Y O
F J
ER
SE
Y C
ITY
ST
AT
IST
ICA
L S
EC
TIO
N (
UN
AU
DIT
ED
)
FIV
E-Y
EA
R H
IST
OR
Y O
F G
OV
ER
NM
EN
TA
L R
EA
LIZ
ED
RE
VE
NU
ES
238
Table 3
CITY OF JERSEY CITY
FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015
COMPARATIVE SCHEDULES OF OPERATIONS AND CHANGES IN FUND BALANCE-CURRENT FUND
Amount Percent Amount PercentRevenue and Other Income Realized:
Miscellaneous Revenue Anticipated 332,288,181$ 38.83% 338,805,935$ 40.01%Receipts from Delinquent Taxes 2,262,775 0.26% 559,368 0.07%Receipts from Current Taxes 492,469,451 57.55% 472,570,361 55.81%Non-Budget Revenues 5,882,618 0.69% 2,760,372 0.33%Other Credits to Income 22,858,294 2.67% 32,098,007 3.79%
855,761,319 100.00% 846,794,043 100.00%
Expenditures:
Budget Appropriations 607,162,302 69.13% 589,109,523 71.53%School, County, Open Space and SID Taxes 251,097,737 28.59% 232,077,953 28.18%Other Charges 20,082,049 2.29% 2,391,998 0.29%
878,342,088 100.00% 823,579,474 100.00%
Change in Operations, net of Surplus Utilized (22,580,769) 23,214,569 Adjustments to Income: Deferred Charges
of Budget of Succeeding Year - 5,000,000 Fund Balance, January 1 78,920,179 50,705,610
Fund Balance, December 31 56,339,410$ 78,920,179$
STATISTICAL SECTION (UNAUDITED)
December 31, 2016December 31, 2017
239
Table 4
CITY OF JERSEY CITY
FIVE-YEAR HISTORY OF TAX RATE AND APPORTIONMENT OF TAX RATE
Total LocalYear Ended Tax Rate Municipal County School
Dec. 31, 2017* 7.800 3.811 2.071 1.918
Dec. 31, 2016 7.701 3.783 1.932 1.986
Dec. 31, 2015 7.481 3.774 1.765 1.942
Dec. 31, 2014 7.434 3.769 1.728 1.937
Dec. 31, 2013 7.466 3.846 1.658 1.962
Rates are per $100 of assessed valuation.* Municipal Rate includes open space tax of $0.01 beginnng in 2017.
Table 5
Delinquent Percent ofYear Ended Liens Taxes Total Tax Levy
Dec. 31, 2017 37,154$ 10,252,653$ 10,289,807$ 2.07%
Dec. 31, 2016 37,154 4,265,328 4,302,482 0.91%
Dec. 31, 2015 659,482 3,125,278 3,784,760 0.84%
Dec. 31, 2014 422,969 3,660,742 4,083,711 0.91%
Dec. 31, 2013 326,028 2,768,273 3,094,301 0.70%
FIVE-YEAR HISTORY OF DELINQUENT TAXES AND TAX TITLE LIENS
STATISTICAL SECTION (UNAUDITED)
240
Table 6
CITY OF JERSEY CITY
CollectionYear Ended Tax Levy Collections Percentage
Dec. 31, 2017 496,056,079$ 487,588,681$ 98.29%
Dec. 31, 2016 473,748,228 468,722,869 98.94%
Dec. 31, 2015 452,331,998 448,547,896 99.16%
Dec. 31, 2014 450,446,805 444,300,251 98.64%
Dec. 31, 2013 442,802,069 439,100,320 99.16%
Table 7
Year Ended Amount
Dec. 31, 2017 1,455,500$
Dec. 31, 2016 1,455,500
Dec. 31, 2015 1,680,900
Dec. 31, 2014 1,455,500
Dec. 31, 2013 1,591,500
Table 8
Percentage of NetAssessed Value
Net Assessed Estimated Full To Estimated FullYear Valuation Taxable Cash Valuation Cash Valuation
2017 6,229,997,658$ 28,403,595,009$ 21.9%
2016 6,093,045,338 25,679,882,705 23.7%
2015 5,997,768,597 21,643,490,206 27.7%
2014 5,932,776,544 19,707,433,281 30.1%
2013 5,814,571,278 18,551,487,135 31.3%
FIVE-YEAR HISTORY OF TAX LEVIES AND COLLECTIONS
STATISTICAL SECTION (UNAUDITED)
NET ASSESSED VALUE TO ESTIMATED FULL CASH VALUATIONFIVE-YEAR HISTORY OF PERCENTAGE OF
FIVE-YEAR HISTORY OF PROPERTY ACQUIRED BY TAX TITLE LIEN LIQUIDATION
241
Tab
le 9
Rat
io o
fR
atio
of
Ann
ual D
ebt
Ann
ual D
ebt
Tot
alS
ervi
ce to
Tot
al R
eali
zed
Ser
vice
toD
ebt S
ervi
ce P
aid
or C
harg
edB
udge
t (1)
Cur
rent
Fun
dB
udge
tC
urre
nt F
und
Yea
r E
nded
Pri
ncip
alIn
tere
stT
otal
App
ropr
iati
ons
Exp
endi
ture
sR
even
ues*
Rev
enue
s
Dec
. 31,
201
757
,997
,288
$
23
,007
,932
$
81
,005
,220
$
60
7,16
2,30
2$
13
.3%
621,
765,
538
$
13.0
%
Dec
. 31,
201
655
,724
,035
24
,300
,563
80
,024
,598
58
9,10
9,52
3
13
.6%
600,
603,
362
13.3
%
Dec
. 31,
201
541
,337
,618
30
,227
,372
71
,564
,990
56
1,66
2,61
5
12
.7%
567,
212,
714
12.6
%
Dec
. 31,
201
437
,929
,616
32
,280
,380
70
,209
,996
53
4,45
6,17
2
13
.1%
543,
498,
363
12.9
%
Dec
. 31,
201
338
,649
,655
32
,245
,034
70
,894
,689
53
2,60
5,31
7
13
.3%
543,
630,
342
13.0
%
*Inc
ludi
ng S
urpl
us
(1)
Bud
get A
fter
Mod
ific
atio
n le
ss u
nexp
ende
d ba
lanc
es c
ance
lled
.
FIV
E-Y
EA
R H
IST
OR
Y O
F R
AT
IO O
F A
NN
UA
L B
ON
DE
D D
EB
T S
ER
VIC
E T
O O
PE
RA
TIN
G E
XP
EN
DIT
UR
ES
AN
D R
EV
EN
UE
S
CIT
Y O
F J
ER
SE
Y C
ITY
ST
AT
IST
ICA
L S
EC
TIO
N (
UN
AU
DIT
ED
)
242
Table 10
CITY OF JERSEY CITY
AS OF DECEMBER 31, 2017
COMPUTATION OF LEGAL DEBT MARGIN AND OVERLAPPING DEBT
(Three Year) Average Equalized Valuation 25,242,322,640$
Debt Limit - 3.5% of Average Equalized Valuation 883,481,292$
Net Debt 417,807,408
Remaining Borrowing Power 465,673,884$
Gross Debt Deductions Net Debt
Local School Debt 22,417,258$ 22,417,258$ -$
Municipal General Debt 625,889,349 208,081,941 417,807,408
Total 648,306,607$ 230,499,199$ 417,807,408$
Overlapping Debt:County of Hudson (December 31, 2017) 199,108,952$ Hudson County Improvement Authority (December 31, 2017) 228,615,971
427,724,923$
Note: Debt of the Jersey City Board of Education and Jersey City Municipal Utilities Authorityare included in the Gross Debt of the City, but are statutory deductions when arriving at net debt.
STATISTICAL SECTION (UNAUDITED)
243
Tab
le 1
1
Rat
io o
f G
ross
Rat
io o
f N
etT
hree
-Yea
r
Bon
ded
Deb
tB
onde
d D
ebt
Yea
rP
opul
atio
n P
erA
vera
ge E
qual
ized
Gro
ssG
ross
Deb
tto
Equ
aliz
edN
etN
et D
ebt
to E
qual
ized
End
ed20
10 C
ensu
sV
alua
tion
(2)
Deb
tP
er C
apita
Val
uatio
nD
ebt
Per
Cap
itaV
alua
tion
Dec
. 31,
201
724
7,59
7
25
,242
,322
,640
$
648,
306,
607
$
2,61
8$
2.57
%41
7,80
7,40
8$
1,
687
$
1.
66%
Dec
. 31,
201
624
7,59
7
22
,343
,602
,064
750,
066,
371
3,02
9
3.36
%45
6,45
2,22
8
1,
844
2.
04%
Dec
. 31,
201
524
7,59
7
19
,967
,470
,207
774,
889,
813
3,13
0
3.88
%45
0,70
1,44
5
1,
820
2.
26%
Dec
. 31,
201
424
7,59
7
18
,647
,777
,424
846,
737,
780
3,42
0
4.54
%48
3,98
3,84
8
1,
955
2.
60%
Dec
. 31,
201
324
7,59
7
18
,281
,741
,773
852,
306,
653
3,44
2
4.66
%47
5,73
9,96
6
1,
921
2.
60%
Incl
uded
abo
ve is
all
debt
as
requ
ired
by
N.J
.S.A
. 40A
:4-2
0.
(1)
Bas
ed o
n 20
10 c
ensu
s da
ta p
rovi
ded
by U
.S. B
urea
u of
Cen
sus.
(2)
Per
the
New
Jer
sey
Div
isio
n of
Loc
al G
over
nmen
t Ser
vice
s
FIV
E-Y
EA
R H
IST
OR
Y O
F R
AT
IO O
F B
ON
DE
D A
ND
BO
ND
AB
LE
DE
BT
TO
EQ
UA
LIZ
ED
VA
LU
E A
ND
DE
BT
PE
R C
AP
ITA
CIT
Y O
F J
ER
SE
Y C
ITY
ST
AT
IST
ICA
L S
EC
TIO
N (
UN
AU
DIT
ED
)
244
Council President ………………………...…… Rolando R. Lavarro, JrAt-Large ………………………….………………. Joyce WattermanAt-Large ………………………….………….……….. Daniel RiveraWard A - Greenville (2018) ………………….…...…… Denise RidleyWard A - Greenville (2017) ……….………………… Frank GajewskiWard B - West Side (2018)……………………..……… Mira Prinz-AreyWard B - West Side (2017)…………….……………. Chris L. GadsdenWard C - Journal Square …………….…………… Richard Boggiano Ward D - The Heights ……………..………….………. Michael Yun Ward E - Downtown (2018) ……………..…………….. James SolomonWard E - Downtown (2017) ………..………………. Candice OsborneWard F - Bergen / Lafayette ……………………. Jermaine D. Robinson
Chief of Staff …………………………………………………………… Mark Albiez (through 8/24/2018)
Deputy Mayor …………………………………………………. Vivian Brady-Phillips (through 5/23/2018)
Deputy Mayor …………………………………………………………… Marcos Vigil (through 8/13/2018)
Chief Financial Officer ………………………………………………………….. Donna Mauer, CMFO (1)
Tax Collector (Interim Periods)* …………………………………………………… Anthony Esposito (2)
Tax Collector (Non-Interim)* ………………………………………………….. C. Anne Doyle, CTC (2)*Interim periods are 10/2/2016-3/18/2017 and again from 9/24/2018 through report date.
The City's self-insurance fund carries the following coverage for City officials in office:
Public officials' liability insurance with limits of $1,000,000 for employee theft and $1,500,000 for premises theft.
Directors and Officers liability policy with limits of $2,000,000.
Officials so noted have additional surety bond coverage of (1) $1,000,000 and (2) $1,500,000.
Peter J. Baker (commencing 4/1/2018)Robert Byrne, RMC
CITY OF JERSEY CITY
OFFICIALS IN OFFICE(January 1, 2017 through November 2, 2018)
MAYOR STEVEN M. FULOP
CITY COUNCIL
Department Directors:
Business AdministratorBrian Platt (commencing 4/1/2018)
Robert J. Kakoleski (through 4/1/2018)
Corporation CounselCity Clerk
Human ResourcesJeremy Farrell (through 4/15/2018)
Public Safety
Housing, Economic Dev. & Commerce
James Shea
Arthur Williams (commencing 1/25/2018)
Mark A. Bunbury (2018)
Kevin Williamson (through 1/24/18)
Nancy A. Ramos (2017)
Other Municipal Officials and Statutory Titles:
Tax Assessor
Health and Human Services
Eduardo C. Toloza, CTA
Stacey Flanagan
Recreation
Annisia Cialone (commencing 8/13/18)
Public Works Marcos Vigil (1/1/2018-8/13/018)
Patrick G. StamatoAnthony Cruz (2017)
245
qwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxcvbnmqwertyuiopasdfghjklzxc
CITY OF JERSEY CITY
REPORT OF AUDIT
ADDITIONAL INFORMATION RELATING TO INTERNAL CONTROL AND COMPLIANCE
DONOHUE, GIRONDA, DORIA & TOMKINS, LLC Certified Public Accountants
310 Broadway Bayonne, NJ 07002
(201) 437-9000 Fax: (201) 437-1432
E-Mail: [email protected]
Robert A. Gironda, CPA Linda P. Kish, CPA, RMA Robert G. Doria, CPA (N.J. & N.Y.) Mark W. Bednarz, CPA, RMA Frederick J. Tomkins, CPA, RMA Jason R. Gironda, CPA Matthew A. Donohue, CPA Mauricio Canto, CPA, RMA
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE
AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Honorable Mayor and Members of the City Council City of Jersey City, New Jersey We have audited, in accordance with the auditing standards generally accepted in the United States of America, the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and audit requirements prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey (the “Division”), the accompanying financial statements – regulatory basis of the City of Jersey City, New Jersey (the “City”), which comprise the comparative balance sheets – regulatory basis, of each fund and General Fixed Assets as of December 31, 2017 and 2016, and the related comparative statement of operations and changes in fund balance – regulatory basis, statement of revenues – regulatory basis – and statement of appropriations – regulatory basis, of the Current Fund, and the statement of changes in fund balance – regulatory basis, of the General Capital Fund, for the years then ended, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements and have issued our report thereon dated November 2, 2018. As described in Note A, the City prepares its financial statements on a basis of accounting prescribed by the Division that demonstrates compliance with a modified accrual basis and the budget laws of the State of New Jersey, which is a special purpose framework of accounting other than accounting principles generally accepted in the United States of America. Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion of the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control.
246
Our consideration of internal control was for the limited purpose described in the preceding paragraph and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. However, as described in the accompanying schedule of findings and questioned costs, we identified certain deficiencies in internal control that we consider to be material weaknesses and significant deficiencies. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the City’s financial statements will not be prevented, or detected and corrected on a timely basis. We consider the deficiencies described in the accompanying schedule of findings and questioned costs as Findings 2017-002 and 2017-003 to be material weaknesses. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. We consider the deficiency described in the accompanying schedule of findings and questioned costs as Finding 2017-001 to be a significant deficiency. Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that is required to be reported under Government Auditing Standards. We noted additional instances of noncompliance which are required to be reported under audit requirements prescribed by the Division, and which are described in the accompanying comments and recommendations section of this report. The City’s Response to Findings
The City’s responses to the findings identified in our audit are described in the accompanying schedule of findings and questioned costs. The City’s responses were not subjected to the auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on them.
247
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.
DONOHUE, GIRONDA, DORIA & TOMKINS, LLCCertified Public Accountants
MARK W. BEDNARZ RMA No. 547
Bayonne, New Jersey November 2, 2018
248
DONOHUE, GIRONDA, DORIA & TOMKINS, LLC Certified Public Accountants
310 Broadway Bayonne, NJ 07002
(201) 437-9000 Fax: (201) 437-1432
E-Mail: [email protected]
Robert A. Gironda, CPA Linda P. Kish, CPA, RMA Robert G. Doria, CPA (N.J. & N.Y.) Mark W. Bednarz, CPA, RMA Frederick J. Tomkins, CPA, RMA Jason R. Gironda, CPA Matthew A. Donohue, CPA Mauricio Canto, CPA, RMA
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE
FOR EACH MAJOR FEDERAL AND STATE PROGRAM AND ON INTERNAL CONTROL OVER COMPLIANCE REQUIRED BY
THE UNIFORM GUIDANCE AND NEW JERSEY OMB CIRCULAR 15-08
To the Honorable Mayor and Members of the City Council City of Jersey City, New Jersey Report on Compliance for Each Major Federal and State Program
We have audited the City of Jersey City, New Jersey’s (the City’s) compliance with the types of compliance requirements described in the OMB Compliance Supplement and the N.J. OMB State Grant Compliance Supplement that could have a direct and material effect on each of the City’s major federal and state programs for the year ended December 31, 2017. The City’s major federal and state programs are identified in the summary of auditor’s results section of the accompanying schedule of findings and questioned costs. Management’s Responsibility
Management is responsible for compliance with the requirements of laws, regulations, contracts and grants applicable to its federal and state programs. Auditor’s Responsibility
Our responsibility is to express an opinion on compliance for each of the City’s major federal and state programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and N.J. OMB Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. Those standards, the Uniform Guidance and N.J. OMB Circular 15-08 require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the types of compliance requirements referred to above that could have a direct and material effect on a major federal or state program occurred. An audit includes examining, on a test basis, evidence about the City’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances.
249
We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal and state program. However, our audit does not provide a legal determination of the City’s compliance. Basis for Qualified Opinion on the Federal Community Development Block Grant (CFDA 14.218), Emergency Solutions Grant (CFDA 14.231), Home Investment Partnership Grant (CFDA 14.239) and Housing Opportunities for Persons with AIDS Grant (CFDA 14.241) As described in Finding 2017-003 in the accompanying schedule of findings and questioned costs, the City did not comply with requirements regarding the following:
Finding No.
CFDA No.
Program (or Cluster) Name
Compliance Requirement
2017-003 14.218 14.231 14.239 14.241
Community Development Block Grant Emergency Solutions Grant
Home Investment Partnership Grant HOPWA Grant
Reporting
Qualified Opinion on the Federal Community Development Block Grant (CDBG), Emergency Solutions Grant (CFDA 14.231), Home Investment Partnership Grant (CFDA 14.239) and Housing Opportunities for Persons with AIDS Grant (CFDA 14.241) In our opinion, except for the noncompliance described in the Basis for Qualified Opinion paragraph, the City complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on the Federal Community Development Block Grant, Emergency Solutions Grant, Home Investment Partnership Grant and Housing Opportunities for Persons with AIDS Grant for the year ended December 31, 2017. Unmodified Opinion on Each of the Other Major Federal and State Programs
In our opinion, the City complied, in all material respects, with the types of compliance requirements referred to above that could have a direct and material effect on each of its other major federal and state programs identified in the summary of auditor’s results sections of the accompanying schedule of findings and questioned costs for the year ended December 31, 2017. Other Matters The City’s responses to the noncompliance findings identified in our audit are described in the accompanying schedule of findings and questioned costs. The City’s responses were not subjected to the auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the responses.
250
Report on Internal Control over Compliance
Management of the City is responsible for establishing and maintaining effective internal control over compliance with the types of compliance requirements referred to above. In planning and performing our audit of compliance, we considered the City’s internal control over compliance with the types of requirements that could have a direct and material effect on each major federal and state program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing our opinion on compliance for each major federal and state program and to test and report on internal control over compliance in accordance with the Uniform Guidance and N.J. OMB Circular 15-08, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal or state program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal or state program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal or state program that is less severe than a material weakens in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. We identified certain deficiencies in internal control over compliance, as described in the accompanying schedule of findings and questions costs as Finding 2017-003, which we consider to be a material weakness. The City’s responses to the internal control over compliance finding identified in our audit are described in the accompanying schedule of findings and questioned costs. The City’s response was not subjected to the auditing procedures applied in the audit of compliance and, accordingly, we express no opinion on the response.
251
The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance and N.J. OMB Circular 15-08. Accordingly, this report is not suitable for any other purpose.
DONOHUE, GIRONDA, DORIA & TOMKINS, LLC Certified Public Accountants
MARK W. BEDNARZ RMA No. 547
Bayonne, New Jersey November 2, 2018
252
Sche
dule
1P
age
1 of
11
Fede
ral
See
Pro
gram
Pas
sed
Pro
gram
Inc
ome,
CFD
AA
lso
Pas
s-th
roug
hor
Aw
ard
Fund
sT
hrou
gh to
Fund
sC
urre
nt Y
ear
Gra
nt F
unds
City
Mat
chC
ance
llatio
ns &
Fund
sC
umul
ativ
eN
umbe
rN
ote
Iden
tifie
rA
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
Pas
sed
thro
ugh
Who
leso
me
Wav
e Fo
unda
tion
Cha
rita
ble
Ven
ture
s, I
nc.
Food
Ins
ecur
ity N
utri
tion
Ince
ntiv
e G
rant
s P
rogr
am05
/10/
2015
-03
/31/
2016
10.3
31--
FIN
I-10
87,
850
$
-
$
-$
79
$
-$
-
$
-$
-
$
-$
-
$
79$
7,77
1$
04/0
1/20
16-
03/3
1/20
1710
.331
--*
6,00
0
2,94
4
-
5,
799
-
-
936
-
-
-
4,
863
1,
137
04
/01/
2017
-03
/31/
2018
10.3
31--
FIN
I-30
68,
425
2,
180
8,
425
4,
655
3,
345
42
5
4,
655
T
otal
CFD
A N
o. 1
0.33
15,
124
-
5,87
8
-
8,42
5
5,59
1
-
-
3,34
5
5,36
7
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f H
ealth
:Sp
ecia
l Sup
plem
enta
l Nut
ritio
n P
rogr
am f
or W
omen
, Inf
ants
and
Chi
ldre
n (W
IC)
01/0
1/20
11-
12/3
1/20
1110
.557
--42
20-1
00-1
131,
494,
000
-
-
23
0,13
5
-
-
-
-
-
-
230,
135
1,26
3,86
5
10/0
1/20
13-
09/3
0/20
1410
.557
--*
1,63
2,00
0
-
-
260,
576
-
-
-
-
(1
56,0
74)
-
10
4,50
2
1,
371,
424
10
/01/
2010
-09
/30/
2011
10.5
57--
4220
-100
-113
1,65
9,90
0
-
-
254,
784
-
-
-
-
-
-
25
4,78
4
1,
405,
116
10
/01/
2012
-09
/30/
2013
10.5
57--
4220
-100
-113
1,77
0,00
0
-
-
21,9
26
-
-
-
-
-
-
21,9
26
1,74
8,07
4
10/0
1/20
08-
09/3
0/20
0910
.557
--42
20-1
00-1
131,
363,
900
-
-
78
,134
-
-
-
-
-
-
78
,134
1,
282,
667
10
/01/
2009
-09
/30/
2010
10.5
57--
4220
-100
-113
1,56
9,90
0
-
-
156,
283
-
-
-
-
-
-
15
6,28
3
1,
413,
617
10
/01/
2015
-09
/30/
2016
10.5
57--
0225
10 /
0273
701,
769,
291
-
-
28
,144
1,
981
-
1,98
1
-
-
-
28
,144
1,
741,
147
10
/01/
2017
-09
/30/
2018
10.5
57--
*1,
802,
583
47
3,93
7
-
-
-
1,80
2,58
3
372,
771
-
-
147
1,42
9,66
5
372,
771
WIC
Hea
lth S
ervi
ce G
rant
(H
SG)
10/0
1/20
14-
09/3
0/20
1510
.557
--42
20-1
00-1
131,
769,
493
-
-
6,
095
-
-
-
-
-
-
6,09
5
1,76
3,39
8
10/0
1/20
16-
09/3
0/20
1710
.557
--*
1,79
5,31
8
1,79
5,31
8
-
1,
395,
956
1,27
5
-
1,
285,
955
-
-
-
111,
276
1,68
4,04
2
WIC
Hea
lth S
ervi
ce G
rant
(H
SG)
Am
endm
ent -
New
USD
A F
undi
ng10
/01/
2015
-09
/30/
2016
10.5
57--
0225
10 /
0273
7014
,400
-
-
14
,400
-
-
-
-
-
-
14
,400
-
Tot
al C
FDA
No.
10.
557
2,26
9,25
5
-
2,
446,
433
3,25
6
1,80
2,58
3
1,66
0,70
7
-
(1
56,0
74)
147
2,43
5,34
4
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f A
gric
ultu
re:
Chi
ld a
nd A
dult
Car
e Fo
od P
rogr
am (
CA
CFP
)07
/21/
2014
-12
/31/
2014
10.5
58--
0520
80 /
0521
0041
8,54
9
-
-
71
,549
-
-
-
-
-
-
71
,549
34
7,00
0
Uni
ted
Stat
es D
epar
tmen
t of
Agr
icul
ture
CIT
Y O
F J
ER
SEY
CIT
YSC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F F
ED
ER
AL
AW
AR
DS
DE
CE
MB
ER
31,
201
7
Bal
ance
at D
ec. 3
1, 2
016
Bal
ance
at D
ec. 3
1, 2
017
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
253
Sche
dule
1P
age
2 of
11
Fede
ral
See
Pro
gram
Pas
sed
Pro
gram
Inc
ome,
CFD
AA
lso
Pas
s-th
roug
hor
Aw
ard
Fund
sT
hrou
gh to
Fund
sC
urre
nt Y
ear
Gra
nt F
unds
City
Mat
chC
ance
llatio
ns &
Fund
sC
umul
ativ
eN
umbe
rN
ote
Iden
tifie
rA
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
CIT
Y O
F J
ER
SEY
CIT
YSC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F F
ED
ER
AL
AW
AR
DS
DE
CE
MB
ER
31,
201
7
Bal
ance
at D
ec. 3
1, 2
016
Bal
ance
at D
ec. 3
1, 2
017
Chi
ld N
utri
tion
Clu
ster
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f A
gric
ultu
re:
Sum
mer
Foo
d Se
rvic
e P
rogr
am
01/0
1/20
11-
12/3
1/20
1110
.559
--
100-
010-
3350
-03
3/03
4 (0
5213
0/05
2140
)41
8,63
5$
-
$
-$
10
5,69
7$
-$
-
$
-$
-
$
-$
-
$
105,
697
$
312,
938
$
07/0
1/20
08-
08/1
6/20
0810
.559
--
100-
010-
3350
-03
3/03
4 (0
5213
0/05
2140
)37
1,96
0
-
-
37
0,56
1
-
-
-
-
-
-
370,
561
1,39
9
07/0
1/20
09-
08/1
6/20
0910
.559
--
100-
010-
3350
-03
3/03
4 (0
5213
0/05
2140
)33
3,91
8
-
-
87
,553
-
-
-
-
-
-
87
,553
24
6,36
5
07/0
1/20
12-
06/3
0/20
1310
.559
--
100-
010-
3350
-03
3/03
4 (0
5213
0/05
2140
)44
4,92
2
-
-
18
1,22
9
-
-
-
-
-
-
181,
229
263,
693
07/0
2/20
12-
07/0
1/20
1310
.559
--
100-
010-
3350
-03
3/03
4 (0
5213
0/05
2140
)60
7,77
8
-
-
81
,208
-
-
-
-
(8
1,20
8)
-
-
52
6,57
0
06/3
0/20
14-
08/1
5/20
1410
.559
--
100-
010-
3350
-03
3/03
4 (0
5213
0/05
2140
)55
1,36
5
-
-
27
6,73
3
-
-
-
-
81,2
08
-
35
7,94
1
27
4,63
2
06/2
9/20
15-
08/1
4/20
1510
.559
--
100-
010-
3350
-03
3/03
4 (0
5213
0/05
2140
)48
7,37
5
-
-
65
,664
-
-
-
-
-
-
65
,664
42
1,71
1
06/2
9/20
16-
08/1
4/20
1610
.559
--
100-
010-
3350
-03
3/03
4 (0
5213
0/05
2140
)56
9,38
2
-
-
17
0,51
0
152,
939
-
13
,348
-
-
15
0,35
5
15
9,74
6
25
9,28
1
06/2
6/20
17-
08/1
8/20
1710
.559
--
100-
010-
3350
-03
3/03
4 (0
5213
0/05
2140
)62
6,91
5
34
5,91
9
-
-
-
626,
915
330,
264
-
-
1,49
8
295,
153
330,
264
Sum
mer
Foo
d Se
rvic
e P
rogr
am F
or C
hild
ren
07/0
1/20
09-
08/1
6/20
0910
.559
--10
0-01
0-33
50-0
34
(052
140)
789,
445
-
-
254,
543
-
-
-
-
-
-
25
4,54
3
53
4,90
2
T
otal
CFD
A N
o. 1
0.55
9 / C
hild
Nut
ritio
n C
lust
er34
5,91
9
-
1,59
3,69
8
15
2,93
9
62
6,91
5
34
3,61
2
-
-
15
1,85
3
1,
878,
087
SNA
P C
lust
erP
asse
d th
roug
h St
ate
of N
J D
epar
tmen
t of
Lab
or a
nd W
orkf
orce
Dev
elop
men
t, D
ivis
ion
of W
orkf
orce
Gra
nt a
nd P
rogr
am M
anag
emen
t:Su
pple
men
tal N
utri
tion
Ass
ista
nce
Pro
gram
(SN
AP
)- S
tate
Adm
inis
trat
ive
Mat
ch07
/01/
2012
-06
/30/
2013
10.5
61--
062-
4545
-100
-345
30,0
00
-
-
-
22
,500
-
-
-
(22,
500)
-
-
7,50
0
07/0
1/20
10-
06/3
0/20
1110
.561
--06
2-45
45-1
00-3
4516
1,58
4
-
-
45
,356
-
-
-
-
-
-
45
,356
11
6,22
8
07/0
1/20
16-
06/3
0/20
1810
.561
--10
0-06
2-45
45-3
45
(105
440)
158,
312
158,
312
-
-
158,
312
-
15
8,31
2
-
-
-
-
15
8,31
2
07/0
1/20
17-
06/3
0/20
1910
.561
--10
0-06
2-45
45-3
45
(105
440)
142,
481
21,9
09
-
-
142,
481
21,9
09
-
-
120,
572
-
21
,909
T
otal
CFD
A N
o. 1
0.56
1 / S
NA
P C
lust
er18
0,22
1
-
45,3
56
180,
812
142,
481
180,
221
-
(2
2,50
0)
12
0,57
2
45
,356
Uni
ted
Stat
es D
epar
tmen
t of
Agr
icul
ture
(co
ntin
ued)
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
254
Sche
dule
1P
age
3 of
11
Fede
ral
See
Pro
gram
Pas
sed
Pro
gram
Inc
ome,
CFD
AA
lso
Pas
s-th
roug
hor
Aw
ard
Fund
sT
hrou
gh to
Fund
sC
urre
nt Y
ear
Gra
nt F
unds
City
Mat
chC
ance
llatio
ns &
Fund
sC
umul
ativ
eN
umbe
rN
ote
Iden
tifie
rA
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
CIT
Y O
F J
ER
SEY
CIT
YSC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F F
ED
ER
AL
AW
AR
DS
DE
CE
MB
ER
31,
201
7
Bal
ance
at D
ec. 3
1, 2
016
Bal
ance
at D
ec. 3
1, 2
017
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f H
ealth
WIC
/Sen
iors
Far
mer
Mar
ket N
utri
tion
Pro
gram
**
10.5
76--
4220
-100
-474
1,00
0$
-$
-
$
1,00
0$
-
$
-$
-
$
-$
-
$
-$
1,
000
$
-
$
06/0
1/20
15-
09/3
0/20
1510
.576
--02
7070
1,75
0
-
-
1,75
0
-
-
-
-
-
-
1,
750
-
06/0
1/20
16-
09/3
0/20
1610
.576
--10
0-04
6-42
20-4
74
(027
070)
1,75
0
-
-
1,75
0
-
-
-
-
-
-
1,
750
-
Tot
al C
FDA
No.
10.
576
-
-
4,50
0
-
-
-
-
-
-
4,
500
Pas
sed
thro
ugh
Cou
nty
of H
udso
nSa
ndy
Rel
ief
Ass
ista
nce
Fund
- N
utri
tion
**
10.5
91--
*9,
314
-
-
9,
314
-
-
-
-
-
-
9,31
4
-
T
otal
CFD
A N
o. 1
0.59
1-
-
9,
314
-
-
-
-
-
-
9,31
4
2,80
0,51
9$
-$
4,
176,
728
$
337,
007
$
2,58
0,40
4$
2,19
0,13
1$
-$
(1
78,5
74)
$
275,
917
$
4,44
9,51
7$
Uni
ted
Stat
es D
epar
tmen
t of
Hou
sing
and
Urb
an D
evel
opm
ent
CD
BG
Ent
itlem
ent G
rant
s C
lust
erC
omm
unity
Dev
elop
men
t Blo
ck G
rant
(C
DB
G)
14.2
18--
(D)
*6,
676,
203
$
1,
512,
491
$
14
,035
,391
$
7,
304,
491
$
5,
034,
144
$
6,
611,
462
$
-
$
39,7
70$
4,17
4,25
2$
15,6
28,0
82$
*
Tot
al C
FDA
No.
14.
218
6,67
6,20
3
1,51
2,49
1
14,0
35,3
91
7,30
4,49
1
5,03
4,14
4
6,61
1,46
2
-
39
,770
4,
174,
252
15
,628
,082
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f C
omm
unity
Aff
airs
CD
BG
- A
RR
A
14.2
53--
100-
022-
8020
-078
-02
2920
6,78
3,97
1
-
-
17,6
49
49,9
07
-
35
,574
-
-
14
,333
17
,649
1,
717,
845
T
otal
CD
BG
Ent
itlem
ent G
rant
s C
lust
er6,
676,
203
1,
512,
491
14
,053
,040
7,
354,
398
5,
034,
144
6,
647,
036
-
39,7
70
4,18
8,58
5
15,6
45,7
31
Em
erge
ncy
Solu
tions
Gra
nt14
.231
--(D
)7,
944,
761
27
4,70
6
45
7,84
8
1,
270,
146
493,
068
457,
848
336,
251
-
-
614,
665
1,27
0,14
6
6,05
9,95
0
Hom
e In
vest
men
t Par
tner
ship
Gra
nt (
HO
ME
)14
.239
--(D
)68
,811
,822
774,
458
-
5,
595,
776
4,50
8,44
9
1,35
4,36
3
818,
931
-
20
2,77
6
5,
170,
663
5,
671,
770
58
,172
,165
Hou
sing
Opp
ortu
nitie
s fo
r P
eopl
e w
ith A
IDS
(HO
PW
A)
14.2
41--
(D)
60,1
44,7
98
2,
450,
095
2,
347,
982
4,
724,
176
2,06
3,26
2
2,42
0,48
6
2,44
7,93
4
-
2,
452
2,
053,
557
4,
708,
885
53
,384
,808
CD
BG
- D
isas
ter
Rec
over
y G
rant
s -
Pub
L. N
o. 1
13-2
Clu
ster
Pas
sed
Thr
ough
Sta
te o
f N
ew J
erse
y D
epar
tmen
t of
Com
mun
ity A
ffai
rsD
isas
ter
Rec
over
y G
rant
s:
Pha
se I
I "P
ost S
andy
Pla
nnin
g A
ssis
tanc
e G
rant
"
03/1
6/20
15-
com
plet
ion
14.2
69--
100-
022-
8022
-00
4/00
5 (1
0004
0/10
0050
)26
0,00
0$
65
0,46
2$
-
$
-$
18
4,83
6$
-
$
174,
714
$
-$
-
$
8,20
4$
1,91
8$
249,
878
$
Tot
al U
nite
d St
ates
Dep
artm
ent
of H
ousi
ng a
nd U
rban
Dev
elop
men
t10
,825
,924
$
4,31
8,32
1$
25,6
43,1
38$
14,6
04,0
13$
9,
266,
841
$
10
,424
,866
$
-$
24
4,99
8$
12
,035
,674
$
27,2
98,4
50$
Tot
al U
nite
d St
ates
Dep
artm
ent
of A
gric
ultu
re
ON
GO
ING
ON
GO
ING
ON
GO
ING
ON
GO
ING
ON
GO
ING
Uni
ted
Stat
es D
epar
tmen
t of
Agr
icul
ture
(co
ntin
ued)
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
255
Sche
dule
1P
age
4 of
11
Fede
ral
See
Pro
gram
Pas
sed
Pro
gram
Inc
ome,
CFD
AA
lso
Pas
s-th
roug
hor
Aw
ard
Fund
sT
hrou
gh to
Fund
sC
urre
nt Y
ear
Gra
nt F
unds
City
Mat
chC
ance
llatio
ns &
Fund
sC
umul
ativ
eN
umbe
rN
ote
Iden
tifie
rA
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
CIT
Y O
F J
ER
SEY
CIT
YSC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F F
ED
ER
AL
AW
AR
DS
DE
CE
MB
ER
31,
201
7
Bal
ance
at D
ec. 3
1, 2
016
Bal
ance
at D
ec. 3
1, 2
017
Uni
ted
Stat
es D
epar
tmen
t of
Jus
tice
Off
ice
of J
uven
ile J
ustic
es a
nd D
elin
quen
cy P
reve
ntio
nP
asse
d th
roug
h U
SA S
wim
min
g Fo
unda
tion
Lea
rn to
Sw
im G
rant
01/0
1/20
11-
12/3
1/20
1116
.541
--*
120,
000
$
-$
-
$
5,82
0$
-
$
-$
-
$
-$
(5
,820
)$
-$
-
$
114,
180
$
Mak
e a
Spla
sh F
eder
al G
rant
Pro
gram
04/0
1/20
16-
12/3
1/20
1616
.541
--*
14,4
00
-
-
14,4
00
-
-
2,16
0
-
-
-
12
,240
2,
160
*
*3,
380
3,
380
-
-
3,
380
-
-
-
3,36
2
18
-
T
otal
CFD
A N
o. 1
6.54
13,
380
-
20,2
20
-
3,
380
2,
160
-
(5,8
20)
3,
362
12
,258
Edw
ard
Byr
ne -
Qua
lity
of L
ife
*-
*16
.580
**
61,4
88
-
-
-
-
-
-
-
-
-
-
Bul
letp
roof
Ves
t Par
tner
ship
Pro
gram
4/1/
2016
-8/
31/2
018
16.6
07--
(D)
120
-
-
120
-
-
12
0
-
-
-
-
12
0
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f L
aw a
nd P
ublic
Saf
ety,
Div
isio
n of
Cri
min
al J
ustic
e:P
roje
ct S
afe
Nei
ghbo
rhoo
ds -
Vio
lent
Gan
g an
d G
un C
rim
e R
educ
tion
Gra
nt P
rogr
am
10/0
1/20
14-
09/3
0/20
1616
.609
--10
0-06
6-10
20-3
77
(090
500)
367,
513
61,2
79
-
61
,279
-
-
61
,275
-
-
-
4
36
7,50
5
Off
ice
of C
omm
unity
Ori
ente
d P
olic
ing
Serv
ices
CO
PS
Ant
i-G
ang
Initi
ativ
e (C
AG
I)09
/01/
2015
-08
/31/
2017
16.7
10--
(D)
750,
000
270,
463
-
71
6,12
3
33,8
77
-
40
,117
-
-
-
709,
883
40,1
17
CO
PS
Uni
vers
al H
irin
g P
rogr
am06
/01/
2012
-05
/31/
2015
16.7
10--
(D)
1,87
5,00
0
249,
282
-
52
2,87
6
-
-
-
-
-
-
522,
876
1,35
2,12
4
09/0
1/20
14-
*16
.710
--(D
)1,
875,
000
59
6,85
2
-
1,43
3,41
6
-
-
-
-
-
-
1,
433,
416
44
1,58
4
T
otal
CFD
A N
o. 1
6.71
01,
116,
597
-
2,67
2,41
5
33
,877
-
40,1
17
-
-
-
2,
666,
175
Off
ice
of J
uven
ile J
ustic
e an
d D
elin
quen
cy P
reve
ntio
nP
asse
d th
roug
h N
J D
epar
tmen
t of
Law
and
Pub
lic S
afet
y, D
ivis
ion
of A
lcoh
olic
Bev
erag
e C
ontr
olC
ops
in S
hops
Sup
plem
enta
l / E
nfor
cing
the
Und
erag
e D
rink
ing
Law
s (E
UD
L)
Blo
ck G
rant
Pro
gram
06/0
1/20
12-
05/3
1/20
1316
.727
--A
BC
-17-
117,
628
-
-
3,
439
-
-
-
-
-
-
3,43
9
4,18
9
11/1
5/20
13-
08/3
0/20
1416
.727
--10
0-06
6-14
00-0
143,
439
-
-
3,
248
-
-
-
-
-
-
3,24
8
191
Tot
al C
FDA
No.
16.
727
-
-
6,68
7
-
-
-
-
-
-
6,
687
Bur
eau
of J
ustic
e A
ssis
tanc
eL
ocal
Law
Enf
orce
men
t Blo
ck G
rant
**
16.7
38*
499,
834
130,
000
-
36
9,83
4
-
13
0,00
0
13
0,00
0
-
-
-
369,
834
130,
000
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f L
aw a
nd P
ublic
Saf
ety,
Div
isio
n of
Cri
min
al J
ustic
e:Ju
stic
e A
ssis
tanc
e G
rant
Pro
gram
10/0
1/20
12-
03/3
1/20
1316
.738
--10
0-06
6-10
20-3
6421
3,44
0
-
-
15
9,93
2
-
-
-
-
-
-
159,
932
53,5
08
Pas
sed
thro
ugh
Hud
son
Cou
nty
Pro
secu
tor's
Off
ice
Just
ice
Ass
ista
nce
Gra
nt P
rogr
am*
-*
16.7
38--
*19
8,50
5
-
-
19
8,50
5
-
-
-
-
-
-
198,
505
-
08
/19/
2015
-09
/30/
2018
16.7
38--
DJ
173,
301
-
-
173,
301
-
-
-
-
-
-
17
3,30
1
-
10/0
1/20
11-
09/3
0/20
1516
.738
--*
203,
864
-
13
6,76
9
-
-
-
-
-
-
136,
769
67,0
95
Tot
al C
FDA
16.
738
130,
000
-
1,
038,
341
-
13
0,00
0
13
0,00
0
-
-
-
1,03
8,34
1
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
256
Sche
dule
1P
age
5 of
11
Fede
ral
See
Pro
gram
Pas
sed
Pro
gram
Inc
ome,
CFD
AA
lso
Pas
s-th
roug
hor
Aw
ard
Fund
sT
hrou
gh to
Fund
sC
urre
nt Y
ear
Gra
nt F
unds
City
Mat
chC
ance
llatio
ns &
Fund
sC
umul
ativ
eN
umbe
rN
ote
Iden
tifie
rA
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
CIT
Y O
F J
ER
SEY
CIT
YSC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F F
ED
ER
AL
AW
AR
DS
DE
CE
MB
ER
31,
201
7
Bal
ance
at D
ec. 3
1, 2
016
Bal
ance
at D
ec. 3
1, 2
017
Uni
ted
Stat
es D
epar
tmen
t of
Jus
tice
(co
ntin
ued)
Bur
eau
of J
ustic
e A
ssis
tanc
e an
d th
e C
ente
r fo
r C
ourt
Inn
ovat
ion
Com
mun
ity S
olut
ions
Pro
gram
(C
ourt
s)06
/15/
2016
-*
16.8
12--
(D)
200,
000
$
74,1
36$
-$
20
0,00
0$
-$
-
$
14,4
60$
-$
-
$
390
$
185,
150
$
14,4
60$
Tot
al U
nite
d St
ates
Dep
artm
ent
of J
usti
ce1,
446,
880
$
-
$
3,99
9,06
2$
33
,877
$
13
3,38
0$
24
8,13
2$
-
$
(5,8
20)
$
3,
752
$
3,
908,
615
$
Uni
ted
Stat
es D
epar
tmen
t of
Lab
orP
asse
d th
roug
h St
ate
of N
ew J
erse
y D
epar
tmen
t of
Lab
orW
IOA
Clu
ster
Wor
kfor
ce I
nves
tmen
t & O
ppor
tuni
ty A
ct (
WIO
A)
Adu
lt P
rogr
amT
itle
IIA
- T
rain
ing
Ser
vice
s fo
r th
e D
isad
vant
aged
07/0
1/20
10-
06/3
0/20
1117
.258
--10
1020
1,05
5,51
4$
-$
-
$
-$
10
6,67
6$
-
$
-$
-
$
(106
,676
)$
-
$
-$
94
8,83
8$
07
/01/
2014
-06
/30/
2016
17.2
58--
1010
201,
011,
445
-
-
-
40,8
00
-
-
-
(4
0,80
0)
-
-
97
0,64
5
07/0
1/20
15-
06/3
0/20
1717
.258
--10
0-06
2-45
45-1
01
(101
020)
846,
307
296,
307
-
-
218,
293
-
29
6,30
7
-
149,
395
-
71
,381
62
8,01
4
07
/01/
2012
-06
/30/
2013
17.2
58--
1010
201,
951,
297
-
-
-
18,3
53
-
-
-
(1
8,35
3)
-
-
1,
932,
944
07/0
1/20
16-
06/3
0/20
1817
.258
--10
0-06
2-45
45-1
01
(101
020)
799,
710
574,
405
-
-
799,
710
-
57
4,40
5
-
(69,
936)
155,
369
-
-
07/0
1/20
17-
06/3
0/20
1917
.258
--10
1020
654,
791
-
-
-
-
654,
791
-
-
-
65
4,79
1
-
654,
791
Tot
al C
FDA
No.
17.
258
870,
712
-
-
1,18
3,83
2
654,
791
870,
712
-
(8
6,37
0)
81
0,16
0
71
,381
Wor
kfor
ce I
nves
tmen
t & O
ppor
tuni
ty A
ct (
WIO
A)
You
th A
ctiv
ities
Titl
e II
C -
You
th T
rain
ing
07/0
1/20
08-
06/3
0/20
0917
.259
--10
1530
849,
807
-
-
-
54
5,00
0
-
-
-
(545
,000
)
-
-
35
9,80
7
07
/01/
2010
-06
/30/
2011
17.2
59--
1015
301,
070,
358
-
-
-
5,77
6
-
-
-
(5
,776
)
-
-
1,06
4,58
2
04/0
1/20
15-
06/3
0/20
1717
.259
--10
0-06
2-45
45-2
49
(101
530)
882,
506
464,
989
-
-
622,
506
-
46
4,98
9
-
(157
,517
)
-
-
72
4,98
9
07
/01/
2012
-06
/30/
2013
17.2
59--
1015
301,
994,
082
-
-
-
270,
000
-
-
-
(2
70,0
00)
-
-
1,72
4,08
2
07/0
1/20
16-
06/3
0/20
1817
.259
--10
0-06
2-45
45-2
49
(101
530)
891,
342
475,
276
-
-
891,
342
-
47
5,27
6
-
(80,
177)
335,
889
-
37
8,54
6
07
/01/
2017
-06
/30/
2019
17.2
59--
1015
3073
7,83
8
-
-
73
7,83
8
-
-
-
737,
838
-
73
7,83
8
T
otal
CFD
A N
o. 1
7.25
994
0,26
5
-
-
2,
334,
624
73
7,83
8
94
0,26
5
-
(1,0
58,4
70)
1,
073,
727
-
WIA
Fin
anci
al S
ecto
r N
atio
nal E
mer
genc
y G
rant
07/0
1/20
10-
06/3
0/20
1117
.278
--*
850,
000
-
-
827,
554
-
-
-
-
-
-
82
7,55
4
22
,446
W
orkf
orce
Inv
estm
ent &
Opp
ortu
nity
Act
(W
IOA
) T
itle
III
Dis
loca
ted
Wor
kers
For
mul
a G
rant
s07
/01/
2010
-06
/30/
2011
17.2
78--
1010
4010
,157
-
-
4,
526
-
-
-
-
-
-
4,52
6
5,63
1
07/0
1/20
09-
06/3
0/20
1017
.278
--10
1040
483,
011
-
-
-
48
,500
-
-
-
(48,
500)
-
-
434,
511
07/0
1/20
14-
06/3
0/20
1617
.278
--10
1040
613,
272
-
-
-
-
-
-
-
38
,200
-
38,2
00
613,
272
07/0
1/20
15-
06/3
0/20
1717
.278
--10
0-06
2-45
45-1
05
(101
040)
531,
268
196,
628
-
-
196,
268
-
19
6,26
8
-
-
-
-
53
1,26
8
07/0
1/20
16-
06/3
0/20
1817
.278
--10
0-06
2-45
45-1
05
(101
040)
543,
949
344,
139
-
-
543,
949
-
34
4,13
9
-
-
19
9,81
0
-
272,
859
07/0
1/20
17-
06/3
0/20
1917
.278
--10
1040
509,
238
-
-
-
50
9,23
8
-
-
-
509,
238
-
-
Tot
al C
FDA
No.
17.
278
540,
767
-
83
2,08
0
788,
717
509,
238
540,
407
-
(1
0,30
0)
70
9,04
8
87
0,28
0
Tot
al U
nite
d St
ates
Dep
artm
ent
of L
abor
and
Tot
al W
IOA
Clu
ster
2,35
1,74
4$
-$
83
2,08
0$
4,30
7,17
3$
1,90
1,86
7$
2,35
1,38
4$
-$
(1
,155
,140
)$
2,59
2,93
5$
941,
661
$
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
257
Sche
dule
1P
age
6 of
11
Fede
ral
See
Pro
gram
Pas
sed
Pro
gram
Inc
ome,
CFD
AA
lso
Pas
s-th
roug
hor
Aw
ard
Fund
sT
hrou
gh to
Fund
sC
urre
nt Y
ear
Gra
nt F
unds
City
Mat
chC
ance
llatio
ns &
Fund
sC
umul
ativ
eN
umbe
rN
ote
Iden
tifie
rA
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
CIT
Y O
F J
ER
SEY
CIT
YSC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F F
ED
ER
AL
AW
AR
DS
DE
CE
MB
ER
31,
201
7
Bal
ance
at D
ec. 3
1, 2
016
Bal
ance
at D
ec. 3
1, 2
017
Uni
ted
Stat
es D
epar
tmen
t of
Tra
nspo
rtat
ion
Hig
hway
Pla
nnin
g an
d C
onst
ruct
ion
Clu
ster
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f T
rans
port
atio
n:H
ighw
ay P
lann
ing
and
Con
stru
ctio
n G
rant
sC
ityw
ide
Inte
rsec
tion
Impr
ovem
ents
01/0
1/20
11-
12/3
1/20
1120
.205
--48
0-07
8-63
20-
AK
3 (6
0916
1)22
0,00
0$
73
,053
$
-
$
4,59
6$
13
,144
$
-
$
13,1
44$
-$
-
$
-$
4,
596
$
21
5,40
4$
20
14 S
afe
Stre
ets
to T
rans
it -
Wils
on S
tree
t Ped
estr
ian
Safe
ty I
mpr
ovem
ents
*-
*20
.205
--*
75,0
00
-
-
75,0
00
-
-
16,8
38
-
-
58,1
62
-
16
,838
Fe
dera
l Hig
hway
Adm
inis
trat
ion
Rou
te 4
40 /
1&9
Dev
elop
men
t Stu
dy P
hase
II
08/2
8/20
12-
12/3
1/20
1420
.205
--28
2149
/ 37
2149
704,
834
-
-
51,8
44
4,51
3
-
4,
469
-
-
44
51
,844
65
2,94
6
N
orth
Jer
sey
Tra
nspo
rtat
ion
Pla
nnin
g A
utho
rity
:L
ocal
Saf
ety
Pro
gram
(L
SP):
LSP
- S
umm
it A
ve C
orri
dor,
Pha
ses
I an
d II
(A
ddit
iona
l)09
/17/
2012
-09
/17/
2015
20.2
05--
3737
6261
5,28
7
-
-
28
0,14
6
-
-
-
-
-
-
280,
146
335,
141
LSP
- S
umm
it A
ve C
orri
dor,
Pha
ses
III
10/2
7/20
14-
*20
.205
--*
450,
000
-
-
450,
000
-
-
36
3,90
3
-
-
63
,958
22
,139
36
3,90
3
L
SP -
McG
inle
y Sq
uare
09/0
3/20
13-
*20
.205
--48
0-07
8-63
00-
GQ
P (3
7047
3)36
6,77
5
16
1,52
3
-
-
-
-
-
-
-
-
-
366,
775
LSP
- M
cGin
ley
Squa
re P
hase
II
08/2
8/20
14-
08/2
8/20
1720
.205
--48
0-07
8-63
00-
GW
U (
3702
94)
409,
314
121,
813
-
-
-
-
-
-
-
-
-
40
9,31
4
L
SP -
Com
mun
ipaw
Ave
nue
Safe
ty I
mpr
ovem
ents
10/2
7/20
14-
*20
.205
--*
817,
400
-
-
817,
400
-
-
-
-
-
-
81
7,40
0
-
Hig
hway
Saf
ety
Imp.
Pro
gram
(H
SIP
) -
Com
mun
ipaw
Ave
.
09/1
4/20
17-
*20
.205
--*
736,
383
-
73
6,38
3
-
-
-
-
73
6,38
3
-
LSP
- M
arin
Bou
leva
rd I
mpr
ovem
ents
(M
ontg
omer
y to
6th
Str
eet C
orri
dor)
02/2
5/20
16-
*20
.205
--*
885,
838
-
-
885,
838
-
-
-
-
-
-
88
5,83
8
-
LSP
- D
r. M
LK
Bou
leva
rd S
afet
y Im
prov
emen
ts (
Sect
ion
2)10
/27/
2014
-*
20.2
05--
*40
0,00
0
-
-
40
0,00
0
-
-
-
-
-
-
400,
000
-
H
ighw
ay S
afet
y Im
p. P
rogr
am (
HS
IP)
- M
LK
Dri
ve
09/1
4/20
17-
*20
.205
--*
399,
714
-
-
399,
714
-
-
-
-
399,
714
-
L
SP -
Mon
tgom
ery
Stre
et S
afet
y Im
prov
emen
ts10
/27/
2014
-*
20.2
05--
*1,
167,
077
-
-
1,
167,
077
-
-
-
-
-
-
1,16
7,07
7
-
L
SP -
Oak
land
Ave
nue
and
St. P
auls
Ave
nue
Inte
rsec
tion
Impr
ovem
ents
02/2
5/20
16-
*20
.205
--*
288,
524
-
-
288,
524
-
-
-
-
-
-
28
8,52
4
-
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
258
Sche
dule
1P
age
7 of
11
Fede
ral
See
Pro
gram
Pas
sed
Pro
gram
Inc
ome,
CFD
AA
lso
Pas
s-th
roug
hor
Aw
ard
Fund
sT
hrou
gh to
Fund
sC
urre
nt Y
ear
Gra
nt F
unds
City
Mat
chC
ance
llatio
ns &
Fund
sC
umul
ativ
eN
umbe
rN
ote
Iden
tifie
rA
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
CIT
Y O
F J
ER
SEY
CIT
YSC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F F
ED
ER
AL
AW
AR
DS
DE
CE
MB
ER
31,
201
7
Bal
ance
at D
ec. 3
1, 2
016
Bal
ance
at D
ec. 3
1, 2
017
Uni
ted
Stat
es D
epar
tmen
t of
Tra
nspo
rtat
ion
(con
tinu
ed)
Hig
hway
Pla
nnin
g an
d C
onst
ruct
ion
Clu
ster
(co
ntin
ued)
Fede
ral H
ighw
ay A
dmin
istr
atio
n (F
HW
A)
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f T
rans
port
atio
n:N
orth
Jer
sey
Tra
nspo
rtat
ion
Pla
nnin
g A
utho
rity
:U
nifi
ed P
lann
ing
Wor
k P
rogr
am (
UP
WP
) Su
breg
iona
l Tra
nspo
rtat
ion
Pla
nnin
g P
rogr
am07
/01/
2007
-06
/30/
2008
20.2
05--
480-
078-
6320
200,
000
$
-$
-
$
7,42
0$
-
$
-$
-
$
-$
(7
,420
)$
-$
-
$
192,
580
$
07/0
1/20
09-
06/3
0/20
1020
.205
--48
0-07
8-63
2071
,977
-
-
4,
412
-
-
-
-
(4,4
12)
-
-
67
,565
*
-*
20.2
05--
480-
078-
6320
57,5
81
-
-
67,9
77
-
-
-
-
-
-
67,9
77
(10,
396)
07/0
1/20
14-
06/3
0/20
1520
.205
--*
57,5
81
-
-
67,1
15
-
-
-
-
-
-
67,1
15
(9,5
34)
07
/01/
2015
-06
/30/
2016
20.2
05--
*90
,530
-
-
59
,120
-
-
-
-
-
-
59
,120
31
,410
07
/01/
2016
-06
/30/
2017
20.2
05--
*90
,530
58
,732
-
90,5
30
-
-
89,2
10
-
-
-
1,
320
89
,210
07
/01/
2016
-06
/30/
2017
20.2
05--
Cit
y M
atch
22,6
32
N/A
-
22
,632
-
-
-
22,6
32
-
-
-
22
,632
07
/01/
2017
-06
/30/
2018
20.2
05--
PL
-NJ-
18-0
199
,328
-
-
99
,328
-
-
-
-
99
,328
07
/01/
2017
-06
/30/
2018
20.2
05--
Cit
y M
atch
22,6
32
-
-
22,6
32
-
-
-
-
22,6
32
Subr
egio
nal S
tudy
Pro
gram
- P
edes
tria
n E
nhan
cem
ent P
lan
07/0
1/20
16-
06/3
0/20
1720
.205
--*
144,
000
25,4
22
-
14
4,00
0
-
-
79,0
61
-
-
64,4
37
502
79,0
61
07/0
1/20
16-
06/3
0/20
1720
.205
--C
ity
Mat
ch36
,000
N
/A-
36,0
00
-
-
-
36
,000
-
-
-
36,0
00
Tot
al C
FDA
20.
205
/ Hig
hway
Pla
nnin
g an
d C
onst
ruct
ion
Clu
ster
440,
543
-
4,
919,
631
17,6
57
1,25
8,05
7
566,
625
58,6
32
(11,
832)
186,
601
5,37
1,65
5
Hig
hway
Saf
ety
Clu
ster
Sect
ion
402
- St
ate
and
Com
mun
ity H
ighw
ay S
afet
yP
asse
d th
roug
h St
ate
of N
J D
epar
tmen
t of
Law
and
Pub
lic S
afet
y, D
ivis
ion
of H
ighw
ay a
nd T
raff
ic S
afet
y:C
ompr
ehen
sive
Tra
ffic
Saf
ety
Pro
gram
10/0
1/20
14-
09/3
0/20
1520
.600
--03
0660
28,0
00
-
-
22,1
03
-
-
-
-
-
-
22,1
03
5,89
7
10/0
1/20
15-
09/3
0/20
1620
.600
--03
0660
26,7
00
-
-
15,6
00
-
-
15,6
00
-
-
-
-
24,6
51
10/0
1/20
16-
09/3
0/20
1720
.600
--10
0-06
6-11
60-0
36
(030
660)
26,7
00
24,4
00
-
-
26,7
00
3,30
0
-
-
-
23
,400
3,
300
T
otal
CFD
A N
o. 2
0.60
024
,400
-
37,7
03
-
26
,700
18
,900
-
-
-
45,5
03
Sect
ion
405
- N
atio
nal P
rior
ity S
afet
y P
rogr
ams
U D
rive
. U
Tex
t. U
Pay
.
04/0
1/20
17-
04/2
1/20
1720
.616
--10
0-06
6-11
60-1
58
(031
030)
5,50
0
5,06
0
-
-
5,50
0
5,06
0
-
-
-
44
0
5,
060
T
otal
CFD
A N
o. 2
0.61
65,
060
-
-
-
5,50
0
5,06
0
-
-
-
44
0
Tot
al H
ighw
ay S
afet
y C
lust
er29
,460
-
37,7
03
-
32
,200
23
,960
-
-
-
45,9
43
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f L
aw a
nd P
ublic
Saf
ety:
Haz
ardo
us M
ater
ials
Em
erge
ncy
Pre
pare
dnes
s
09/1
8/20
15-
*20
.703
--16
-100
-066
-120
0-70
318
,000
-
-
18
,000
-
-
-
-
(1
8,00
0)
-
-
-
Tot
al C
FDA
No.
20.
703
-
-
18,0
00
-
-
-
-
(18,
000)
-
-
Tot
al U
nite
d St
ates
Dep
artm
ent
of T
rans
port
atio
n47
0,00
3$
-
$
4,97
5,33
4$
17
,657
$
1,
290,
257
$
59
0,58
5$
58
,632
$
(2
9,83
2)$
18
6,60
1$
5,
417,
598
$
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
259
Sche
dule
1P
age
8 of
11
Fede
ral
See
Pro
gram
Pas
sed
Pro
gram
Inc
ome,
CFD
AA
lso
Pas
s-th
roug
hor
Aw
ard
Fund
sT
hrou
gh to
Fund
sC
urre
nt Y
ear
Gra
nt F
unds
City
Mat
chC
ance
llatio
ns &
Fund
sC
umul
ativ
eN
umbe
rN
ote
Iden
tifie
rA
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
CIT
Y O
F J
ER
SEY
CIT
YSC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F F
ED
ER
AL
AW
AR
DS
DE
CE
MB
ER
31,
201
7
Bal
ance
at D
ec. 3
1, 2
016
Bal
ance
at D
ec. 3
1, 2
017
Uni
ted
Stat
es D
epar
tmen
t of
Tre
asur
yFe
dera
l Equ
itabl
e Sh
arin
g21
.016
--(D
)1,
552,
864
$
38
4,26
9$
-
$
916,
785
$
36
,604
$
38
4,26
9$
22
7,00
2$
-
$
-$
23
,044
$
1,
087,
612
$
44
2,20
8
Uni
ted
Stat
es D
epar
tmen
t of
Tre
asur
y an
d C
FD
A 2
1.01
638
4,26
9$
-
$
916,
785
$
36
,604
$
38
4,26
9$
22
7,00
2$
-
$
-$
23
,044
$
1,
087,
612
$
Uni
ted
Stat
es D
epar
tmen
t of
Hea
lth
and
Hum
an S
ervi
ces
Agi
ng C
lust
erA
dmin
istr
atio
n on
Agi
ng (
AoA
)P
asse
d th
roug
h C
ount
y of
Hud
son,
Dep
artm
ent o
f H
ealth
and
Hum
an S
ervi
ces
- A
rea
Age
ncy
on A
ging
:Sp
ecia
l Pro
gram
s fo
r th
e A
ging
--T
itle
III
, Par
t C--
Nut
riti
on S
ervi
ces
Seni
or N
utri
tion
(1)
- Se
e N
ote
G01
/01/
2013
-12
/31/
2013
93.0
45--
*1,
178,
045
$
-
$
-$
19
,465
$
-
$
-$
(1
)$
-$
(1
9,46
6)$
-
$
-$
1,
158,
579
$
01
/01/
2015
-12
/31/
2015
93.0
45G
*1,
210,
080
-
-
4,
182
-
-
-
-
-
-
4,18
2
1,20
5,89
8
01/0
1/20
16-
12/3
1/20
1693
.045
G*
1,23
4,02
9
184,
483
-
13
0,82
8
101,
177
-
98
,926
-
-
45
0
13
2,62
9
1,
100,
950
01
/01/
2017
-12
/31/
2017
93.0
45G
*1,
225,
438
92
4,30
1
-
-
1,
225,
438
94
3,05
5
-
-
78
,319
20
4,06
4
94
3,05
5
01
/01/
2017
-12
/31/
2017
93.0
45--
Cit
y M
atch
306,
360
N/A
-
-
306,
360
-
30
6,36
0
-
-
-
306,
360
Pee
r G
roup
ing
/ Pro
ject
CA
AR
E F
undi
ng
01/0
1/20
15-
12/3
1/20
1593
.045
--C
ount
y R
eso
142-
3-20
1540
,000
-
-
40
,000
-
-
-
-
-
-
40
,000
-
01/0
1/20
16-
12/3
1/20
1693
.045
--C
ount
y R
eso
72
2-12
-201
540
,000
-
-
40
,000
-
-
-
-
-
-
40
,000
-
Tot
al C
FDA
93.
045
/ Agi
ng C
lust
er1,
108,
784
-
234,
475
10
1,17
7
1,
531,
798
1,
041,
980
30
6,36
0
(1
9,46
6)
78
,769
42
0,87
5
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f H
ealth
, Div
isio
n of
HIV
, ST
D a
nd T
B S
ervi
ces
Pub
lic H
ealth
Em
erge
ncy
Pre
pare
dnes
s -
Zik
a
07/0
1/20
16-
06/3
0/20
1793
.069
100-
046-
4230
-528
(0
3772
0)23
,175
23
,175
-
-
-
-
23
,175
-
23,1
75
-
-
23,1
75
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f H
ealth
and
Hum
an S
ervi
ces:
Chi
ldho
od L
ead
Poi
soni
ng P
reve
ntio
n an
d H
ealth
y H
omes
01/0
1/20
13-
12/3
1/20
1393
.070
--*
195,
000
-
-
86,4
49
-
-
-
-
(49,
564)
-
36
,885
10
8,55
1
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f H
ealth
and
Hum
an S
ervi
ces:
Adm
inis
trat
ion
for
Chi
ldre
n an
d Fa
mili
esH
urri
cane
San
dy R
elie
f C
lust
erH
HS
Pro
gram
s fo
r D
isas
ter
Rel
ief
App
ropr
iatio
ns A
ct–N
on-C
onst
ruct
ion
SSB
G P
rogr
am: S
andy
SSB
G L
ead
Scre
enin
gs 2
015
07/0
1/20
14-
06/3
0/20
1593
.095
--03
3200
500,
000
-
-
428,
929
-
-
-
-
-
-
42
8,92
9
71
,071
Pas
sed
thro
ugh
Stat
e of
New
Jer
sey
Dep
artm
ent o
f L
abor
TA
NF
Clu
ster
Tem
pora
ry A
ssis
tanc
e to
Nee
dy F
amili
es07
/01/
2009
-06
/30/
2010
93.5
58--
1054
301,
327,
276
-
-
-
80,9
85
-
-
-
(8
0,98
5)
-
-
1,
246,
291
07
/01/
2010
-06
/30/
2011
93.5
58--
1054
301,
414,
091
-
-
27
3,38
4
-
-
-
-
-
-
273,
384
1,14
0,70
7
07/0
1/20
08-
06/3
0/20
0993
.558
--10
5430
1,85
9,90
2
-
-
-
44
0,27
7
-
-
-
(440
,277
)
-
-
1,
419,
625
07
/01/
2015
-06
/30/
2016
93.5
58--
1054
3083
4,62
5
-
-
-
-
-
-
-
-
-
-
83
4,62
5
07
/01/
2012
-06
/30/
2013
93.5
58--
1054
301,
620,
840
-
-
-
204,
319
-
-
-
(2
04,3
19)
-
-
1,41
6,52
1
07/0
1/20
12-
06/3
0/20
1393
.558
--10
5430
23,6
36
-
-
-
23
,636
-
-
-
(23,
636)
-
-
-
T
otal
CFD
A N
o. 9
3.55
8 / T
AN
F C
lust
er-
-
27
3,38
4
749,
217
-
-
-
(7
49,2
17)
-
27
3,38
4
ongo
ing
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
260
Sche
dule
1P
age
9 of
11
Fede
ral
See
Pro
gram
Pas
sed
Pro
gram
Inc
ome,
CFD
AA
lso
Pas
s-th
roug
hor
Aw
ard
Fund
sT
hrou
gh to
Fund
sC
urre
nt Y
ear
Gra
nt F
unds
City
Mat
chC
ance
llatio
ns &
Fund
sC
umul
ativ
eN
umbe
rN
ote
Iden
tifie
rA
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
CIT
Y O
F J
ER
SEY
CIT
YSC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F F
ED
ER
AL
AW
AR
DS
DE
CE
MB
ER
31,
201
7
Bal
ance
at D
ec. 3
1, 2
016
Bal
ance
at D
ec. 3
1, 2
017
Uni
ted
Stat
es D
epar
tmen
t of
Hea
lth
and
Hum
an S
ervi
ces
(con
tinu
ed)
Adm
inis
trat
ion
for
Chi
ldre
n an
d Fa
mili
esC
SBG
Clu
ster
Pas
sed
thro
ugh
NJ
Dep
artm
ent o
f C
omm
unity
Aff
airs
Com
mun
ity S
ervi
ces
Blo
ck G
rant
(C
SBG
)
10/0
1/20
05-
09/3
0/20
0693
.569
--10
0-02
2-80
50-1
84
(052
350)
673,
687
$
-$
-
$
4$
-
$
-$
4
$
-$
-
$
-$
-
$
673,
687
$
10/0
1/20
09-
09/3
0/20
1093
.569
--10
0-02
2-80
50-1
84
(052
350)
959,
328
-
-
7,38
2
-
-
-
-
(7
,382
)
-
-
951,
946
10/0
1/20
11-
09/3
0/20
1293
.569
--10
0-02
2-80
50-1
84
(052
350)
940,
516
-
-
274
-
-
-
-
(2
74)
-
-
940,
242
10/0
1/20
16-
09/3
0/20
1793
.569
--10
0-02
2-80
50-1
84
(052
350)
933,
576
644,
056
-
87
,137
60
4,11
6
-
691,
253
-
-
-
-
933,
576
10/0
1/20
16-
09/3
0/20
1893
.569
--10
0-02
2-80
50-1
84
(052
350)
925,
281
-
-
-
-
925,
281
567,
543
-
7,
752
36
5,49
0
-
567,
543
Tot
al C
FDA
No.
93.
569
644,
056
-
94
,797
60
4,11
6
92
5,28
1
1,
258,
800
-
96
365,
490
-
Com
mun
ity
Serv
ices
Blo
ck G
rant
(C
SBG
) -
A.R
.R.A
.10
/01/
2009
-09
/30/
2010
93.7
10--
8050
-100
-184
1,59
6,74
0
-
-
891
-
-
-
-
(8
91)
-
-
1,59
5,84
9
Tot
al C
SBG
Clu
ster
644,
056
-
95
,688
60
4,11
6
92
5,28
1
1,
258,
800
-
(795
)
36
5,49
0
-
Pas
sed
thro
ugh
Stat
e of
NJ
Dep
artm
ent o
f H
ealth
, Div
isio
n of
HIV
, ST
D a
nd T
B S
ervi
ces
STD
Scr
eeni
ng/E
duca
tion
- H
igh
Ris
k P
opul
atio
ns07
/01/
2015
-06
/30/
2016
93.9
17--
1208
0012
2,18
3
-
-
11
9,13
7
-
-
119,
462
-
32
5
-
-
12
2,50
8
07/0
1/20
16-
06/3
0/20
1793
.917
--10
0-04
6-42
45-0
56
(120
800)
134,
008
108,
604
-
14
7,18
3
3,91
0
-
81
,005
-
(23,
175)
-
46
,913
87
,095
07/0
1/20
17-
06/3
0/20
1893
.917
100-
046-
4245
-056
(1
2080
0)16
7,18
3
74
,681
-
-
16
7,18
3
30
,484
-
-
4,
925
13
1,77
4
30
,484
ST
D S
cree
ning
/Edu
catio
n -
Hig
h R
isk
Pop
ulat
ions
(A
dditi
onal
)01
/01/
2016
-06
/30/
2016
93.9
17--
EP
ID16
ST
D00
710
,000
-
-
32
5
-
-
-
-
(325
)
-
-
9,
675
Se
xual
ly T
rans
mitt
ed D
isea
se C
ontr
ol07
/01/
2011
-06
/30/
2012
93.9
17--
100-
046-
4245
-056
*-
-
2,
720
-
-
-
-
(2,7
20)
-
-
*
07/0
1/20
12-
06/3
0/20
1393
.917
--10
0-04
6-42
45-0
5615
0,36
6
-
-
85
1
-
-
-
-
(851
)
-
-
14
9,51
5
T
otal
CFD
A N
o. 9
3.91
718
3,28
5
-
270,
216
3,
910
16
7,18
3
23
0,95
1
-
(26,
746)
4,92
5
178,
687
Pre
vent
ion
Ori
ente
d Sy
stem
for
Chi
ld H
ealth
(P
OrS
CH
e)01
/01/
2011
-12
/31/
2011
93.9
94--
4220
-100
-129
97,5
00
-
-
16
-
-
-
-
(1
6)
-
-
97,4
84
01/0
1/20
11-
12/3
1/20
1193
.994
--42
20-1
00-1
2997
,500
-
-
9,
292
-
-
-
-
6,30
9
-
15
,601
88
,208
01
/01/
2012
-12
/31/
2012
93.9
94--
4220
-100
-129
292,
500
-
-
87,5
91
-
-
-
-
-
-
87,5
91
204,
909
01/0
1/20
10-
12/3
1/20
1093
.994
--42
20-1
00-1
2920
1,90
0
-
-
6,
293
-
-
-
-
(6,2
93)
-
-
19
5,60
7
(C
LP
PP
) C
hild
hood
Lea
d P
oiso
ning
Pre
vent
ion
Pro
gram
- C
hild
Hea
lth
07/0
1/20
14-
06/3
0/20
1593
.994
--02
2070
173,
000
-
-
8,82
8
-
-
-
-
49
,564
-
58,3
92
164,
172
07/0
1/20
15-
06/3
0/20
1693
.994
--02
2070
/ 02
0080
195,
000
26
-
3,
637
-
-
-
-
-
-
3,63
7
191,
363
07/0
1/20
16-
06/3
0/20
1793
.994
--
100-
046-
4220
-12
9/50
1 (0
2207
0/02
0080
)19
5,00
0
14
0,63
4
-
120,
006
-
-
70
,892
-
-
-
49,1
14
145,
886
07/0
1/20
17-
06/3
0/20
1893
.994
100-
046-
4220
-12
9/50
1 (0
2207
0/02
0080
)19
4,02
5
93
,792
-
-
19
4,02
5
46
,887
-
-
-
147,
138
46,8
87
Tot
al C
FDA
No.
93.
994
234,
452
-
23
5,66
3
-
19
4,02
5
11
7,77
9
-
49,5
64
-
36
1,47
3
Tot
al U
nite
d St
ates
Dep
artm
ent
of H
ealt
h an
d H
uman
Ser
vice
s2,
193,
752
$
-
$
1,62
4,80
4$
1,
458,
420
$
2,
818,
287
$
2,
672,
685
$
30
6,36
0$
(7
73,0
49)
$
449,
184
$
1,70
0,23
3$
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
261
Sche
dule
1P
age
10 o
f 11
Fede
ral
See
Pro
gram
Pas
sed
Pro
gram
Inc
ome,
CFD
AA
lso
Pas
s-th
roug
hor
Aw
ard
Fund
sT
hrou
gh to
Fund
sC
urre
nt Y
ear
Gra
nt F
unds
City
Mat
chC
ance
llatio
ns &
Fund
sC
umul
ativ
eN
umbe
rN
ote
Iden
tifie
rA
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
CIT
Y O
F J
ER
SEY
CIT
YSC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F F
ED
ER
AL
AW
AR
DS
DE
CE
MB
ER
31,
201
7
Bal
ance
at D
ec. 3
1, 2
016
Bal
ance
at D
ec. 3
1, 2
017
Uni
ted
Stat
es D
epar
tmen
t of
Hom
elan
d Se
curi
ty, F
eder
al E
mer
genc
y M
anag
emen
t A
genc
yP
asse
d th
roug
h St
ate
of N
J D
epar
tmen
t of
Law
and
Pub
lic S
afet
yN
atio
nal U
rban
Sea
rch
and
Res
cue
*-
*97
.025
--10
0-06
6-12
00-B
81
(066
860)
46,6
06$
46,6
06$
-$
-
$
-$
46
,606
$
46
,606
$
-
$
-$
-
$
46,6
06$
Pub
lic A
ssis
tanc
e G
rant
s -
Seve
re W
inte
r St
orm
and
Sno
w S
torm
*-
*97
.036
--10
0-06
6-12
00-B
80
(068
460)
85,3
50
85,3
50
-
-
-
85
,350
85
,350
-
-
-
-
85
,350
P
ublic
Ass
ista
nce
- H
urri
cane
San
dy
*-
*97
.036
--10
0-06
6-12
00-A
92
(068
280)
185,
782
185,
782
-
-
-
18
5,78
2
18
5,78
2
-
-
-
-
18
5,78
2
FE
MA
Ass
ista
nce
01/0
1/20
11-
12/3
1/20
1197
.036
--(D
)10
0,00
0
-
-
20
,000
-
-
-
-
-
-
20
,000
80
,000
T
otal
CFD
A N
o. 9
7.03
627
1,13
2
-
20,0
00
-
27
1,13
2
27
1,13
2
-
-
-
20,0
00
Haz
ard
Miti
gatio
n G
rant
Pro
gram
07/0
1/20
16-
06/3
0/20
1797
.039
--(D
)38
2,85
4
-
-
38
2,85
4
-
-
106,
739
-
-
124,
358
151,
757
106,
739
07/0
1/20
16-
06/3
0/20
1797
.039
--C
ity
Mat
ch60
,505
N
/A-
43,2
15
-
-
-
43
,215
-
-
-
60,5
05
Tot
al C
FDA
No.
97.
039
-
-
426,
069
-
-
10
6,73
9
43
,215
-
124,
358
151,
757
Ass
ista
nce
to F
iref
ight
ers
Gra
nt P
rogr
am
FY20
14-
FY20
1497
.044
--E
MW
-201
4-F
O-
0543
71,
163,
728
-
-
50
,736
1,
189,
364
-
1,23
5,54
2
-
-
-
4,
558
1,
159,
170
09
/11/
2001
-12
/31/
2002
97.0
44--
*50
0,00
0
-
-
-
-
-
-
-
-
-
-
50
0,00
0
T
otal
CFD
A N
o. 9
7.04
4-
-
50
,736
1,
189,
364
-
1,23
5,54
2
-
-
-
4,
558
FY12
Por
t Sec
urity
-Haz
ardo
us M
ater
ial D
etec
tion
Equ
ip.
09/0
1/20
12-
08/3
1/20
1497
.056
--(D
)46
6,66
7
-
-
18
,942
-
-
-
-
-
-
18
,942
44
7,72
5
P
ort S
ecur
ity
Gra
nt P
rogr
am -
Fir
e09
/01/
2014
-08
/31/
2016
97.0
56--
(D)
217,
500
-
-
-
13
5,00
0
-
135,
000
-
-
-
-
217,
500
09/0
1/20
15-
08/3
1/20
1897
.056
--(D
)50
6,25
0
-
-
-
506,
250
-
50
6,25
0
-
-
-
-
50
6,25
0
*
-*
97.0
56--
(D)
225,
000
-
-
-
-
225,
000
13,1
38
-
-
17,6
53
194,
209
13,1
38
Por
t Sec
urity
Gra
nt P
rogr
am -
Pol
ice
*-
*97
.056
--(D
)16
3,43
1
-
-
16
3,43
1
28
,888
-
-
13
5
13
4,40
8
28
,888
P
asse
d th
roug
h P
ort A
utho
rity
of
New
Yor
k an
d N
ew J
erse
yP
ort S
ecur
ity G
rant
Pro
gram
*-
*97
.056
--*
956,
403
-
-
578,
979
-
-
-
-
-
-
57
8,97
9
37
7,42
4
06
/30/
2009
-06
/30/
2011
97.0
56--
*1,
127,
357
-
-
77
7,85
6
-
-
-
-
-
-
777,
856
349,
501
Por
t Sec
urity
Gra
nt P
rogr
am -
Res
pons
e E
quip
men
t*
-*
97.0
56--
*29
7,00
0
-
-
56
,870
-
-
-
-
-
-
56
,870
24
0,13
0
T
otal
CFD
A N
o. 9
7.05
6-
-
1,
432,
647
641,
250
388,
431
683,
276
-
-
17,7
88
1,76
1,26
4
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
262
Sche
dule
1P
age
11 o
f 11
Fede
ral
See
Pro
gram
Pas
sed
Pro
gram
Inc
ome,
CFD
AA
lso
Pas
s-th
roug
hor
Aw
ard
Fund
sT
hrou
gh to
Fund
sC
urre
nt Y
ear
Gra
nt F
unds
City
Mat
chC
ance
llatio
ns &
Fund
sC
umul
ativ
eN
umbe
rN
ote
Iden
tifie
rA
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
CIT
Y O
F J
ER
SEY
CIT
YSC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F F
ED
ER
AL
AW
AR
DS
DE
CE
MB
ER
31,
201
7
Bal
ance
at D
ec. 3
1, 2
016
Bal
ance
at D
ec. 3
1, 2
017
Uni
ted
Stat
es D
epar
tmen
t of
Hom
elan
d Se
curi
ty, F
eder
al E
mer
genc
y M
anag
emen
t A
genc
y (c
onti
nued
)U
rban
Are
a Se
curi
ty I
nitia
tive
- O
EM
/Fir
e01
/01/
2011
-12
/31/
2011
97.0
67--
1005
-100
-008
3,38
5,50
0$
-$
-
$
169,
776
$
-
$
-$
-
$
-$
-
$
-$
16
9,77
6$
3,
215,
724
$
U
rban
Are
a S
ecur
ity I
nitia
tive
- Fi
re07
/01/
2008
-06
/30/
2009
97.0
67--
1005
-100
-008
2,62
8,17
5
-
-
(151
,384
)
-
-
-
-
25
7,48
7
-
106,
103
2,52
1,45
3
07/0
1/20
09-
06/3
0/20
1097
.067
--10
05-1
00-0
081,
978,
970
-
-
25
8,71
0
-
-
-
-
(258
,710
)
-
-
1,
978,
366
U
rban
Are
a Se
curi
ty I
nitia
tive
Gra
nt P
rogr
am07
/01/
2007
-06
/30/
2008
97.0
67--
1005
-100
-008
1,30
7,96
6
-
-
13,1
60
-
-
-
-
(13,
160)
-
-
1,29
4,80
6
09/0
1/20
12-
08/3
1/20
1497
.067
--13
0070
3,57
3,00
0
-
-
404,
279
-
-
-
-
-
-
40
4,27
9
3,
168,
721
U
rban
Are
as S
ecur
ity I
nitia
tive
(UA
SI-L
ocal
Sha
re)
- N
atio
nal P
repa
redn
ess
Cap
abili
ties
09/0
1/20
15-
08/3
1/20
1897
.067
--10
0-06
6-10
05-0
08
(130
070)
1,89
6,79
6
611,
763
-
39
4,92
7
113,
182
-
20
9,03
7
-
-
64
,277
23
4,79
5
1,
597,
724
09/0
1/20
14-
08/3
1/20
1697
.067
--10
0-06
6-10
05-0
08
(130
070)
1,62
6,29
6
-
-
162,
127
-
-
-
-
-
-
16
2,12
7
1,
464,
169
09/0
1/20
16-
08/3
1/20
1997
.067
--10
0-06
6-10
05-0
08
(130
070)
1,77
6,00
0
407,
839
-
1,
091,
016
633,
933
-
1,
290,
993
-
-
12
4,49
1
30
9,46
5
1,
342,
044
09/0
1/20
17-
08/3
1/20
2097
.067
--10
0-06
6-10
05-0
08
(130
070)
1,71
0,00
0
-
-
1,71
0,00
0
-
-
-
47
4,39
0
1,
235,
610
-
Tot
al C
FDA
No.
97.
067
1,01
9,60
2
-
2,
342,
611
747,
115
1,71
0,00
0
1,50
0,03
0
-
(1
4,38
3)
66
3,15
8
2,
622,
155
Stat
e H
omel
and
Secu
rity
- H
azm
at V
ehic
le07
/01/
2008
-06
/30/
2009
97.0
73--
*21
0,00
0
-
-
21
0,00
0
-
-
-
-
-
-
210,
000
-
T
otal
CFD
A N
o. 9
7.07
3-
-
21
0,00
0
-
-
-
-
-
-
210,
000
Che
mic
al S
ecto
r B
uffe
r Z
one
Pro
tect
ion
Pla
ce
07/0
1/20
09-
06/3
0/20
1097
.078
--06
6-10
05-1
00-
(007
-010
)40
,000
-
-
40
,000
-
-
-
-
-
-
40
,000
-
Tot
al C
FDA
No.
97.
078
-
-
40,0
00
-
-
-
-
-
-
40,0
00
Staf
fing
for
Ade
quat
e Fi
re a
nd E
mer
genc
y R
espo
nse
(SA
FER
)01
/01/
2011
-12
/31/
2011
97.0
83--
(D)
8,15
8,92
5
3,21
8,12
7
-
76
7,23
5
-
-
767,
235
-
-
-
-
8,15
8,92
5
*-
*97
.083
--(D
)6,
868,
000
-
-
2,
128,
757
-
-
-
-
-
-
2,12
8,75
7
4,73
9,24
3
Tot
al C
FDA
No.
97.
083
3,21
8,12
7
-
2,
895,
992
-
-
767,
235
-
-
-
2,
128,
757
Tot
al U
nite
d St
ates
Off
ice
of H
omel
and
Secu
rity
4,55
5,46
7$
-$
7,
418,
055
$
2,57
7,72
9$
2,41
6,16
9$
4,61
0,56
0$
43,2
15$
(14,
383)
$
805,
304
$
6,93
8,49
1$
TO
TA
L F
ED
ER
AL
AW
AR
DS
25,0
28,5
58$
4,
318,
321
$
49
,585
,986
$
23
,372
,480
$
20,7
91,4
74$
23
,315
,345
$
408,
207
$
(1,9
11,8
00)
$
16
,372
,411
$
51,7
42,1
77$
* N
ot A
vaila
ble
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
263
Sche
dule
2Sh
eet 1
of
7C
ITY
OF
JE
RSE
Y C
ITY
SCH
ED
UL
E O
F E
XP
EN
DIT
UR
ES
OF
ST
AT
E F
INA
NC
IAL
ASS
IST
AN
CE
Pro
gram
Pas
sed
or A
war
dFu
nds
Thr
ough
toFu
nds
Cur
rent
Yea
rG
rant
Fun
dsC
ity
Mat
chC
ance
llati
ons
&Fu
nds
Cum
ulat
ive
(Pro
gram
Cod
e)A
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iati
ons
Exp
ende
dE
xpen
ded
Adj
ustm
ents
Enc
umbe
red
Ava
ilabl
eE
xpen
ditu
res
Dep
artm
ent
of H
ealt
hP
asse
d th
roug
h N
J A
ssoc
iati
on o
f C
ount
y an
d C
ity
Hea
lth O
ffic
ials
Ebo
la D
isea
se A
ctiv
e/D
irec
t Act
ive
Mon
itor
ing
12/2
2/20
14-
**
200,
000
$
-$
-
$
122,
382
$
-$
-
$
-$
-
$
-$
-
$
122,
382
$
77,6
18$
Pas
sed
thro
ugh
Hud
son
Reg
iona
l Hea
lth C
omm
issi
onSt
reng
then
ing
the
Loc
al P
ublic
Hea
lth W
orkf
orce
to R
educ
e Se
xual
ly T
rans
mit
ted
Dis
ease
s P
rogr
am07
/01/
2017
-06
/30/
2018
*47
,791
-
-
47
,791
-
-
-
2,14
4
45,6
47
-
P
asse
d th
roug
h C
ount
y of
Ber
gen
Com
preh
ensi
ve C
ance
r C
ontr
ol07
/01/
2016
-06
/30/
2017
DFH
S17C
CC
004
6,00
0
6,00
0
-
6,
000
-
-
-
-
-
-
6,
000
-
Tot
al D
epar
tmen
t of
Hea
lth
and
Seni
or S
ervi
ces
6,00
0$
-$
12
8,38
2$
-
$
47,7
91$
-$
-
$
-$
2,
144
$
17
4,02
9$
Dep
artm
ent
of C
omm
erce
and
Dev
elop
men
tP
asse
d th
roug
h U
rban
Ent
erpr
ise
Zon
e:A
pple
Tre
e H
ouse
Con
stru
ctio
n01
/01/
2011
-12
/31/
2011
763-
022-
2830
600,
000
$
-$
-
$
-$
56
,225
$
-
$
56,2
25$
-$
-
$
-$
-
$
600,
000
$
Gat
eway
Arc
hes
to I
ndia
Squ
are
Pro
ject
*-
*76
3-02
2-28
3020
0,00
0
-
-
16
0,50
0
-
-
-
-
-
-
16
0,50
0
39
,500
JC
ET
P P
riso
ner
Re-
Ent
ry P
rogr
am*
-*
501,
725
-
-
430,
677
-
-
-
(4
30,6
77)
-
-
59,1
07
Pro
fess
iona
l Ser
vice
s -
Low
e's
The
ater
01/0
1/20
10-
12/3
1/20
1076
3-02
2-28
3011
5,90
0
-
-
-
27,8
04
-
-
-
-
27,8
04
-
76
,155
P
ower
hous
e St
abili
zati
on07
/01/
2009
-06
/30/
2010
763-
022-
2830
1,81
3,07
4
-
-
-
15
8,75
7
-
14,7
70
-
-
143,
987
-
1,
659,
087
U
rban
Ent
erpr
ize
Zon
e (U
nenc
umbe
red)
54,8
52
-
-
54,8
52
-
-
-
-
-
-
54,8
52
-
Tot
al U
EZ
/ C
omm
erce
and
Dev
elop
men
t-
$
-$
21
5,35
2$
67
3,46
3$
-
$
70,9
95$
-$
(4
30,6
77)
$
171,
791
$
215,
352
$
DE
CE
MB
ER
31,
201
7
Stat
e A
ccou
ntB
alan
ce a
t Dec
. 31,
201
6B
alan
ce a
t Dec
. 31,
201
7N
umbe
r
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
264
Sch
edu
le 2
She
et 2
of
7
CIT
Y O
F J
ER
SE
Y C
ITY
SC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F S
TA
TE
FIN
AN
CIA
L A
SS
IST
AN
CE
Pro
gram
Pas
sed
or A
war
dF
unds
Thr
ough
toF
unds
Cur
rent
Yea
rG
rant
Fun
dsC
ity M
atch
Can
cella
tions
&F
unds
Cum
ulat
ive
(Pro
gram
Cod
e)A
mou
ntR
ecei
ved
Sub
reci
pien
tsA
vaila
ble
Enc
umbe
red
App
ropr
iatio
nsE
xpen
ded
Exp
ende
dA
djus
tmen
tsE
ncum
bere
dA
vaila
ble
Exp
endi
ture
s
DE
CE
MB
ER
31,
201
7
Sta
te A
ccou
ntB
alan
ce a
t Dec
. 31,
201
6B
alan
ce a
t Dec
. 31,
201
7N
umbe
r
Dep
artm
ent
of E
nvi
ron
men
tal P
rote
ctio
nS
olid
Was
te A
dmin
istr
atio
n, M
unic
ipal
ity R
oad
Mile
age
Gra
nts
Cle
an C
omm
uniti
es P
rogr
am
07/0
1/20
14-
06/3
0/20
1576
5-04
2-49
00-0
04
(178
910)
399,
518
$
-$
-
$
4,35
4$
2,
000
$
-$
-
$
-$
-
$
2,00
0$
4,
354
$
393,
164
$
07/0
1/20
15-
06/3
0/20
1676
5-04
2-49
00-0
04
(178
910)
456,
610
-
-
95,7
00
65,0
70
-
13
6,49
7
-
-
19
,222
5,
051
432,
337
07/0
1/20
16-
06/3
0/20
1776
5-04
2-49
00-0
04
(178
910)
387,
918
387,
918
-
-
387,
918
99,1
54
-
-
23,5
14
265,
250
99,1
54
Tot
al C
lean
Com
mun
ities
387,
918
-
10
0,05
4
67
,070
38
7,91
8
23
5,65
1
-
-
44
,736
27
4,65
5
Haz
ardo
us W
aste
, Sta
te R
ecyc
ling
Fun
dR
ecyc
ling
Ton
nage
Gra
nt (
Rec
yclin
g E
nhan
cem
ent A
ct)
2014
Gra
nt-
*10
0-04
2-49
10-2
24
(238
490)
298,
152
298,
152
-
-
-
29
8,15
2
54
,640
-
-
61
5
242,
897
54,6
40
2015
Gra
nt-
*10
0-04
2-49
10-2
24
(238
490)
306,
936
306,
936
-
-
-
-
-
-
-
-
-
-
Rec
yclin
g B
onus
Gra
nt1/
29/2
016
-01
/31/
2017
1788
1015
,975
-
-
1,
953
-
-
-
-
-
-
1,95
3
14
,022
T
otal
Rec
yclin
g T
onna
ge60
5,08
8
-
1,95
3
-
298,
152
54,6
40
-
-
615
24
4,85
0
Com
mun
ity F
ores
try
Man
agem
ent P
lan
Com
mun
ity S
tew
ards
hip
Ince
ntiv
e P
rogr
am (
CS
IP)
2016
Tre
e P
lant
ing
Initi
ativ
e11
/09/
2016
-*
*30
0,00
0
-
-
30
0,00
0
-
-
-
-
-
-
30
0,00
0
-
-
-
300,
000
-
-
-
-
-
-
300,
000
Gre
en A
cres
Pro
gram
(S
tate
Gra
nt P
ortio
n)B
oyd-
McG
uine
ss P
ark,
Pro
ject
No.
090
6-07
-049
*-
*53
3-04
2-48
00-0
03
(852
000)
1,23
3,53
2
1,23
3,53
2
-
-
-
1,
233,
532
1,
233,
532
-
-
-
-
1,
233,
532
B
erry
Lan
e P
ark
Dev
elop
men
t, P
roje
ct N
o. 0
906-
14-0
4802
/21/
2017
-02
/21/
2019
*1,
100,
000
-
-
-
-
1,
100,
000
1,
100,
000
-
-
-
-
1,
100,
000
1,
233,
532
-
-
-
2,33
3,53
2
2,33
3,53
2
-
-
-
-
Tot
al D
epar
tmen
t of
En
viro
nm
enta
l Pro
tect
ion
2,22
6,53
8$
-$
40
2,00
7$
67
,070
$
3,
019,
602
$
2,
623,
823
$
-
$
-$
45
,351
$
81
9,50
5$
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
265
Sche
dule
2Sh
eet 3
of
7C
ITY
OF
JE
RSE
Y C
ITY
SCH
ED
UL
E O
F E
XP
EN
DIT
UR
ES
OF
ST
AT
E F
INA
NC
IAL
ASS
IST
AN
CE
Pro
gram
Pas
sed
or A
war
dFu
nds
Thr
ough
toFu
nds
Cur
rent
Yea
rG
rant
Fun
dsC
ity
Mat
chC
ance
llati
ons
&Fu
nds
Cum
ulat
ive
(Pro
gram
Cod
e)A
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iati
ons
Exp
ende
dE
xpen
ded
Adj
ustm
ents
Enc
umbe
red
Ava
ilabl
eE
xpen
ditu
res
DE
CE
MB
ER
31,
201
7
Stat
e A
ccou
ntB
alan
ce a
t Dec
. 31,
201
6B
alan
ce a
t Dec
. 31,
201
7N
umbe
r
Dep
artm
ent
of C
omm
unit
y A
ffai
rsG
arde
n St
ate
His
tori
c P
rese
rvat
ion
Tru
st F
und
Wes
t Ber
gen
His
tori
c D
istr
ict
01/0
1/20
10-
12/3
1/20
10*
50,0
00$
-$
-
$
3,57
5$
-$
-
$
-$
-
$
-$
-
$
3,57
5$
46,4
25$
App
le T
ree
Hou
se01
/01/
2006
-12
/31/
2006
8049
-734
-001
575,
000
-
-
39,9
41
-
-
-
-
-
-
39,9
41
535,
059
Tot
al G
arde
n St
ate
Pre
serv
atio
n T
rust
Fun
d-
-
43
,516
-
-
-
-
-
-
43
,516
Rec
reat
iona
l Opp
ortu
niti
es f
or I
ndiv
idua
ls w
ith
Dis
abili
ties
(R
OID
Gra
nt)
09/0
8/20
15-
*10
0-02
2-80
50-0
35
(051
570)
20,0
00
3,20
0
-
3,
200
-
-
-
-
-
-
3,
200
16
,800
R
OID
Sum
mer
Fun
Pro
ject
G.L
.A.D
. Spe
cial
Nee
ds P
rogr
am07
/01/
2017
-06
/30/
2018
*20
,000
-
-
20
,000
12
,225
-
-
2,
200
5,
575
12
,225
07
/01/
2017
-06
/30/
2018
City
Mat
ch4,
000
-
-
-
-
4,
000
4,
000
-
-
-
-
4,
000
T
otal
RO
ID G
rant
3,20
0
-
3,
200
-
24,0
00
16,2
25
-
-
2,20
0
8,77
5
Tot
al D
epar
tmen
t of
Com
mun
ity
Aff
airs
3,20
0$
-$
46
,716
$
-
$
24,0
00$
16,2
25$
-$
-
$
2,20
0$
52,2
91$
Dep
artm
ent
of S
tate
Per
Cap
ita
Lib
rary
Aid
01/0
1/20
17-
12/3
1/20
1851
0140
107,
339
107,
339
107,
339
-
-
107,
339
107,
339
-
-
-
-
107,
339
FY16
Coo
pera
tive
Mar
keti
ng G
rant
- B
usin
ess
Act
ion
Cen
ter
07/0
1/20
15-
06/3
0/20
1610
0-07
4-25
10-0
13
(020
080)
19,2
50
9,62
5
-
-
3,73
5
-
3,
735
-
-
-
-
19
,250
Tot
al D
epar
tmen
t of
Sta
te11
6,96
4$
10
7,33
9$
-
$
3,73
5$
107,
339
$
111,
074
$
-$
-
$
-$
-
$
Gov
erno
r's
Cou
ncil
on
Alc
ohol
ism
and
Dru
g A
buse
Pas
sed
thro
ugh
Hud
son
Cou
nty
Dep
artm
ent o
f H
ealth
and
Hum
an S
ervi
ces,
Div
isio
n of
Soc
ial S
ervi
ces:
Mun
icip
al A
llian
ce -
Dru
g E
limin
atio
n07
/01/
2016
-06
/30/
2017
*21
3,90
3
17
8,30
3
-
11,4
76
202,
427
-
21
2,42
7
-
-
-
1,47
6
212,
427
07/0
1/20
16-
06/3
0/20
17C
ity M
atch
53,4
76
N/A
-
-
17,8
76
-
-
17,8
76
-
-
-
53
,476
07
/01/
2017
-06
/30/
2018
*21
3,90
3
-
-
-
-
21
3,90
3
-
-
-
173,
903
40,0
00
-
07
/01/
2017
-06
/30/
2018
City
Mat
ch53
,476
-
-
-
-
53
,476
-
47,9
70
-
5,
506
-
47,9
70
Tot
al G
over
nor'
s C
ounc
il o
n A
lcoh
olis
m a
nd D
rug
Abu
se17
8,30
3$
-
$
11,4
76$
220,
303
$
267,
379
$
212,
427
$
65,8
46$
-$
17
9,40
9$
41
,476
$
Dep
artm
ent
of A
gric
ultu
reH
ighl
ands
Wat
er P
rote
ctio
n an
d P
lann
ing
Cou
ncil
Tra
nsfe
r of
Dev
elop
men
t Rig
hts
Feas
ibili
ty G
rant
Pro
gram
*-
*16
-033
-080
-090
640
,000
-
-
40
,000
40
,000
Tot
al T
DR
/ D
epar
tmen
t of
Agr
icul
ture
-$
-
$
-$
-
$
40,0
00$
-$
-
$
-$
-
$
40,0
00$
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
266
Sche
dule
2Sh
eet 4
of
7C
ITY
OF
JE
RSE
Y C
ITY
SCH
ED
UL
E O
F E
XP
EN
DIT
UR
ES
OF
ST
AT
E F
INA
NC
IAL
ASS
IST
AN
CE
Pro
gram
Pas
sed
or A
war
dFu
nds
Thr
ough
toFu
nds
Cur
rent
Yea
rG
rant
Fun
dsC
ity
Mat
chC
ance
llati
ons
&Fu
nds
Cum
ulat
ive
(Pro
gram
Cod
e)A
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iati
ons
Exp
ende
dE
xpen
ded
Adj
ustm
ents
Enc
umbe
red
Ava
ilabl
eE
xpen
ditu
res
DE
CE
MB
ER
31,
201
7
Stat
e A
ccou
ntB
alan
ce a
t Dec
. 31,
201
6B
alan
ce a
t Dec
. 31,
201
7N
umbe
r
Div
isio
n of
Cri
min
al J
usti
ceB
ody
Arm
or R
epla
cem
ent F
und
(BA
RF)
Pro
gram
07/3
0/20
06-
06/3
0/20
0706
6-10
20-7
18-0
0181
,423
$
-
$
-$
20
5$
-
$
-$
-
$
-$
(2
05)
$
-$
-
$
81,2
18$
07/3
0/20
07-
06/3
0/20
0806
6-10
20-7
18-0
0197
,447
-
-
24
7
-
-
-
-
(2
47)
-
-
97,2
00
07/3
0/20
09-
06/3
0/20
1006
6-10
20-7
18-0
0140
,228
-
-
14
0
-
-
-
-
(1
40)
-
-
40,0
88
01/0
1/20
11-
12/3
1/20
1106
6-10
20-7
18-0
0113
9,16
6
-
-
90
-
-
-
-
(9
0)
-
-
139,
076
07/0
1/20
15-
06/3
0/20
2009
0160
68,4
44
-
-
174
32,4
11
-
32
,585
-
-
-
-
68
,444
07
/01/
2016
-06
/30/
2021
0901
6069
,952
-
-
69
,952
-
-
40
,014
-
-
29
,512
42
6
40
,014
10/0
3/20
17-
10/0
3/20
2271
8-00
1-10
20-0
01
(090
160)
71,3
64
71,3
64
-
-
71,3
64
-
-
-
35
,990
35
,374
-
Tot
al B
ody
Arm
or R
epla
cem
ent F
und
71,3
64
-
70
,808
32
,411
71
,364
72
,599
-
(682
)
65
,502
35
,800
Div
isio
n of
Hig
hway
and
Tra
ffic
Saf
ety
Dru
nk D
rivi
ng E
nfor
cem
ent -
OT
07/0
1/20
09-
06/3
0/20
10*
14,1
05
-
-
377
-
-
-
-
(377
)
-
-
13
,728
07
/01/
2013
-06
/30/
2014
*13
,386
-
-
2,
488
-
-
-
-
-
-
2,
488
10
,898
07
/01/
2014
-06
/30/
2015
*12
,508
-
-
7,
407
-
-
7,
407
-
-
-
-
12
,508
07
/01/
2015
-06
/30/
2016
*14
,625
14
,625
-
-
14
,625
-
-
-
-
14
,625
-
Tot
al D
runk
Dri
ving
Enf
orce
men
t - O
T14
,625
-
10,2
72
-
14
,625
7,
407
-
(377
)
-
17,1
13
Safe
and
Sec
ure
07/0
1/20
10-
06/3
0/20
1106
6-10
05-1
00-2
3220
0,00
0
-
-
20
0,00
0
-
-
20
0,00
0
-
-
-
-
20
0,00
0
07
/01/
2011
-06
/30/
2012
0909
4037
,531
-
-
37
,531
-
-
37
,531
-
-
-
-
37
,531
T
otal
Saf
e an
d Se
cure
-
-
237,
531
-
-
237,
531
-
-
-
-
Det
. Mat
thew
L. T
aren
tino
Com
mun
ity
Pol
icin
g G
rant
Pro
gram
08/0
1/20
17-
12/3
1/20
17*
10,0
00
-
-
-
-
10,0
00
7,55
3
-
-
-
2,
447
7,
553
-
-
10
,000
7,
553
-
-
-
2,44
7
Off
ice
of A
ttor
ney
Gen
eral
, Pas
sed
thro
ugh
Hud
son
Cou
nty
Pro
secu
tor's
Off
ice
Sate
For
feit
ure
Fund
s P
asse
d th
roug
h H
udso
n C
ount
y P
rose
cuto
r's O
ffic
eB
ody
Wor
n C
amer
a A
ssis
tanc
e P
rogr
am*
**
100,
000
-
-
-
10
0,00
0
10
0,00
0
-
-
-
-
10
0,00
0
-
-
-
-
10
0,00
0
10
0,00
0
-
-
-
-
Tot
al D
epar
tmen
t of
Law
and
Pub
lic
Safe
ty85
,989
$
-
$
318,
611
$
32,4
11$
195,
989
$
425,
090
$
-$
(1
,059
)$
65,5
02$
55,3
60$
Dep
artm
ent
of L
aw a
nd P
ubli
c Sa
fety
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
267
Sche
dule
2Sh
eet 5
of
7C
ITY
OF
JE
RSE
Y C
ITY
SCH
ED
UL
E O
F E
XP
EN
DIT
UR
ES
OF
ST
AT
E F
INA
NC
IAL
ASS
IST
AN
CE
Pro
gram
Pas
sed
or A
war
dFu
nds
Thr
ough
toFu
nds
Cur
rent
Yea
rG
rant
Fun
dsC
ity
Mat
chC
ance
llati
ons
&Fu
nds
Cum
ulat
ive
(Pro
gram
Cod
e)A
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iati
ons
Exp
ende
dE
xpen
ded
Adj
ustm
ents
Enc
umbe
red
Ava
ilabl
eE
xpen
ditu
res
DE
CE
MB
ER
31,
201
7
Stat
e A
ccou
ntB
alan
ce a
t Dec
. 31,
201
6B
alan
ce a
t Dec
. 31,
201
7N
umbe
r
Dep
artm
ent
of L
abor
and
Wor
kfor
ce D
evel
opm
ent
Div
isio
n of
Wor
kfor
ce G
rant
and
Pro
gram
Man
agem
ent
Wor
kfor
ce D
evel
opm
ent C
lust
erP
arol
ee E
mpl
oym
ent P
lace
men
t Pro
gram
(P
EP
P)
12/0
1/20
13-
11/3
0/20
1410
1830
300,
000
$
-$
-
$
-$
41
,412
$
-
$
-$
-
$
(41,
412)
$
-$
-
$
258,
588
$
07/0
1/20
15-
06/3
0/20
1610
1830
245,
000
(3,6
00)
-
-
10
9,77
0
-
-
-
-
-
109,
770
135,
230
Smar
t Ste
ps07
/01/
2006
-06
/30/
2007
*18
,457
-
-
-
177
-
-
-
(1
77)
-
-
18,2
80
07/0
1/20
10-
06/3
0/20
1106
2-45
45-1
00-0
2815
,248
-
-
15
,248
-
-
-
-
-
-
15
,248
-
07/0
1/20
12-
06/3
0/20
1306
2-45
45-1
00-0
283,
210
-
-
-
3,21
0
-
-
-
(3
,210
)
-
-
-
07/0
1/20
16-
06/3
0/20
1878
0-06
2-45
45-0
05
(091
100)
12,0
38
8,28
8
-
-
12,0
38
-
8,
288
-
-
-
3,75
0
8,28
8
Supp
lem
enta
l Wor
kfor
ce D
ev. B
enef
its
(Sm
artS
TE
PS)
07/0
1/20
14-
06/3
0/20
158,
025
-
-
-
8,02
5
-
-
-
(8
,025
)
-
-
-
T
otal
PE
PP
/ Sm
arts
teps
4,68
8
-
15
,248
17
4,63
2
-
8,28
8
-
(5
2,82
4)
-
128,
768
Adu
lt L
iter
acy
07/0
1/20
06-
06/3
0/20
07*
242,
317
-
-
-
26
9,75
8
-
-
-
(269
,758
)
-
-
(2
7,44
1)
07
/01/
2009
-06
/30/
2010
*17
3,62
7
-
-
-
30,7
69
-
-
-
(3
0,76
9)
-
-
14
2,85
8
T
otal
Adu
lt L
iter
acy
-
-
-
30
0,52
7
-
-
-
(300
,527
)
-
-
Wor
kfor
ce L
earn
ing
Lin
k07
/01/
2010
-06
/30/
2011
*11
1,00
0
-
-
21
,000
-
-
-
-
-
-
21
,000
90
,000
07
/01/
2008
-06
/30/
2009
*27
5,80
5
-
-
-
91,3
73
-
-
-
(9
1,37
3)
-
-
18
4,43
2
07
/01/
2010
-06
/30/
2011
*13
6,43
3
-
-
21
,726
-
-
-
-
-
-
21
,726
11
4,70
7
07/0
1/20
15-
12/3
1/20
1609
1140
62,0
00
-
-
-
-
-
-
-
-
-
-
62,0
00
07/0
1/20
12-
06/3
0/20
13*
97,0
00
-
-
-
77
,800
-
-
-
(77,
800)
-
-
19,2
00
07/0
1/20
16-
06/3
0/20
1876
7-06
2-45
45-0
03
(091
140)
83,0
00
83,0
00
-
-
83,0
00
-
83
,000
-
-
-
-
-
07/0
1/20
17-
06/3
0/20
19*
149,
000
-
-
-
-
149,
000
-
-
-
14
9,00
0
-
-
T
otal
Wor
kfor
ce L
earn
ing
Lin
k83
,000
-
42,7
26
252,
173
149,
000
83,0
00
-
(1
69,1
73)
149,
000
42,7
26
Gen
eral
Ass
ista
nce
(GA
)07
/01/
2012
-06
/30/
2013
062-
4545
-100
-313
60,0
00
-
-
-
23
,247
-
-
-
(23,
247)
-
-
36,7
53
Tot
al G
ener
al A
ssis
tanc
e (G
A)
-
-
-
23
,247
-
-
-
(23,
247)
-
-
Gen
eral
Ass
ista
nce
/ Sup
plem
enta
l Nut
riti
on A
ssis
tanc
e P
rogr
am (
GA
/SN
AP
)W
orkf
irst
NJ
Wor
k A
ctiv
itie
s07
/01/
2012
-06
/30/
2013
062-
4545
-100
-313
496,
108
-
-
-
13
2,05
8
-
-
-
(132
,058
)
-
-
36
4,05
0
07
/01/
2015
-06
/30/
2016
*28
1,06
1
-
-
-
50,5
26
-
-
-
(5
0,52
6)
-
-
23
0,53
5
07/0
1/20
16-
06/3
0/20
1810
0-06
2-45
45-3
22
(105
410)
115,
722
59,7
22
-
-
115,
722
-
59
,722
-
(56,
000)
-
-
59,7
22
07/0
1/20
17-
06/3
0/20
1910
0-06
2-45
45-3
22
(105
410)
115,
732
18,3
36
-
-
-
11
5,73
2
18
,336
-
-
97
,396
-
18,3
36
Tot
al G
A/S
NA
P78
,058
-
-
29
8,30
6
11
5,73
2
78
,058
-
(238
,584
)
97
,396
-
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
268
Sche
dule
2Sh
eet 6
of
7C
ITY
OF
JE
RSE
Y C
ITY
SCH
ED
UL
E O
F E
XP
EN
DIT
UR
ES
OF
ST
AT
E F
INA
NC
IAL
ASS
IST
AN
CE
Pro
gram
Pas
sed
or A
war
dFu
nds
Thr
ough
toFu
nds
Cur
rent
Yea
rG
rant
Fun
dsC
ity
Mat
chC
ance
llati
ons
&Fu
nds
Cum
ulat
ive
(Pro
gram
Cod
e)A
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iati
ons
Exp
ende
dE
xpen
ded
Adj
ustm
ents
Enc
umbe
red
Ava
ilabl
eE
xpen
ditu
res
DE
CE
MB
ER
31,
201
7
Stat
e A
ccou
ntB
alan
ce a
t Dec
. 31,
201
6B
alan
ce a
t Dec
. 31,
201
7N
umbe
r
Dep
artm
ent
of L
abor
and
Wor
kfor
ce D
evel
opm
ent
(con
tinu
ed)
Tem
pora
ry A
ssis
tanc
e to
Nee
d Fa
mili
es -
W
orkf
irst
NJ
Wor
k A
ctiv
itie
s
07/0
1/20
16-
06/3
0/20
1810
0-06
2-45
45-3
22
(105
410)
792,
894
$
523,
825
$
-$
-
$
628,
938
$
-$
52
3,82
5$
-
$
(105
,113
)$
-
$
-$
52
3,82
5$
07/0
1/20
17-
06/3
0/20
1910
0-06
2-45
45-3
22
(105
410)
656,
168
90,8
94
-
-
656,
168
90,8
94
-
-
565,
274
-
90
,894
61
4,71
9
-
-
62
8,93
8
65
6,16
8
61
4,71
9
-
(105
,113
)
56
5,27
4
-
Wor
kfor
ce D
evel
opm
ent B
oard
07/0
1/20
08-
06/3
0/20
09*
28,1
37
-
-
-
5,
156
-
-
-
(5,1
56)
-
-
22
,981
Wor
kfor
ce D
evel
opm
ent P
artn
ersh
ip07
/01/
2012
-06
/30/
2013
*10
,200
-
-
-
10,2
00
-
-
-
(1
0,20
0)
-
-
-
07/0
1/20
15-
12/3
1/20
1609
1070
95,6
80
-
-
-
36
,560
-
-
-
(270
)
-
36,2
90
59,1
20
Tot
al W
orkf
orce
Dev
elop
men
t Par
tner
ship
-
-
-
46
,760
-
-
-
(10,
470)
-
36
,290
Wor
kfor
ce D
evel
opm
ent C
lust
erW
IA D
isab
ility
07/0
1/20
06-
06/3
0/20
07*
28,3
42
-
-
-
8,
663
-
-
-
(8,6
63)
-
-
19
,679
W
IA N
J B
uild
07/0
1/20
06-
06/3
0/20
07*
2,04
2
-
-
-
2,
042
-
-
-
(2,0
42)
-
-
-
Tot
al O
ther
WIA
-
-
-
10
,705
-
-
-
(10,
705)
-
-
Tot
al D
epar
tmen
t of
Lab
or &
Wor
kfor
ce D
evel
opm
ent
780,
465
$
-$
57
,974
$
1,
740,
444
$
92
0,90
0$
78
4,06
5$
-
$
(915
,799
)$
81
1,67
0$
20
7,78
4$
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
269
Sche
dule
2Sh
eet 7
of
7C
ITY
OF
JE
RSE
Y C
ITY
SCH
ED
UL
E O
F E
XP
EN
DIT
UR
ES
OF
ST
AT
E F
INA
NC
IAL
ASS
IST
AN
CE
Pro
gram
Pas
sed
or A
war
dFu
nds
Thr
ough
toFu
nds
Cur
rent
Yea
rG
rant
Fun
dsC
ity
Mat
chC
ance
llati
ons
&Fu
nds
Cum
ulat
ive
(Pro
gram
Cod
e)A
mou
ntR
ecei
ved
Subr
ecip
ient
sA
vaila
ble
Enc
umbe
red
App
ropr
iati
ons
Exp
ende
dE
xpen
ded
Adj
ustm
ents
Enc
umbe
red
Ava
ilabl
eE
xpen
ditu
res
DE
CE
MB
ER
31,
201
7
Stat
e A
ccou
ntB
alan
ce a
t Dec
. 31,
201
6B
alan
ce a
t Dec
. 31,
201
7N
umbe
r
Thr
ee T
raff
ic S
igna
ls01
/01/
2011
-12
/31/
2011
6091
6160
0,00
0$
-
$
-$
99
,885
$
-
$
-$
-
$
-$
-
$
-$
99
,885
$
50
0,11
5$
20
11 -
Var
ious
Str
eets
01/0
1/20
11-
12/3
1/20
1160
0851
/ 60
9161
1,30
0,00
0
-
-
338,
033
-
-
-
-
-
-
338,
033
961,
967
2012 01
/01/
2012
-12
/31/
2012
480-
078-
6320
-AL
C
(600
852/
6091
62)
1,19
8,56
1
141,
586
-
16
6,19
2
-
-
-
-
-
-
16
6,19
2
1,
032,
369
20
15 M
unic
ipal
Aid
Pro
gram
- V
ario
us S
tree
t Res
urfa
cing
*-
* *
1,
004,
590
-
-
1,
004,
590
-
-
-
-
-
1,00
4,59
0
-
-
2016
Mun
icip
al A
id P
rogr
am -
ML
K D
rive
, Sec
tion
203
/28/
2016
-*
*98
9,59
0
-
-
98
9,59
0
-
-
-
-
-
-
98
9,59
0
-
2017
Mun
icip
al A
id P
rogr
am -
Var
ious
Str
eet R
esur
faci
ng05
/17/
2017
-*
*1,
038,
402
-
-
-
-
1,
038,
402
-
-
-
-
1,
038,
402
-
Loc
al A
id I
nfra
stru
ctur
e Fu
nd20
14 U
rban
Aid
- V
ario
us S
tree
ts*
-*
600
854
573,
590
-
-
-
33
,584
-
33,5
84
-
-
-
-
573,
590
Loc
al A
id I
nfra
stru
ctur
e Fu
nd -
Str
eet R
esur
faci
ng
*-
*60
787
/ 600
788
/ 60
2372
1,27
8,09
5
-
-
52,1
95
645,
396
-
34
1,42
7
-
-
30
3,96
9
52
,195
92
1,93
1
20
11 T
rans
it V
illag
e -
3 In
ters
ecti
ons
01/0
1/20
11-
12/3
1/20
11H
DR
(60
8701
/ 37
8346
)25
0,00
0
4,
682
-
119,
627
-
-
-
-
-
-
119,
627
130,
373
2017
Tra
nsit
Vill
age
- Jo
urna
l Squ
are
Ped
estr
ian
Safe
ty I
mpr
ovem
ents
05/3
0/20
17-
*22
0,00
0
-
-
-
-
22
0,00
0
-
-
-
-
22
0,00
0
-
Nor
th J
erse
y T
rans
port
atio
n P
lann
ing
Aut
hori
ty:
Ann
ual T
rans
port
atio
n P
lan
(AT
P)
AT
P -
Tw
o T
raff
ic S
igna
ls05
/30/
2013
-*
6091
6350
0,00
0
-
-
92
,413
27
,826
-
22,9
65
-
-
4,86
0
92,4
14
402,
726
AT
P -
Str
ipin
gs a
nd M
arki
ngs
03/3
0/20
13-
*60
9163
200,
000
-
-
669
-
-
-
-
-
-
669
199,
331
146,
268
$
-$
2,
863,
194
$
70
6,80
6$
1,
258,
402
$
39
7,97
6$
-
$
-$
1,
313,
419
$
3,
117,
007
$
f
Law
Enf
orce
men
t Tru
st A
ccou
nt L
aw E
nfor
cem
ent T
rust
Fun
ds*
1,62
4,83
3$
395,
587
$
-$
1,
195,
875
$
33
,364
$
39
5,58
7$
30
,617
$
-
$
-$
2,
747
$
1,
591,
462
$
7
$
Tot
al O
ther
Sta
te G
rant
s39
5,58
7$
-
$
1,19
5,87
5$
33,3
64$
395,
587
$
30,6
17$
-$
-
$
2,74
7$
1,59
1,46
2$
TO
TA
L S
TA
TE
FIN
AN
CIA
L A
SSIS
TA
NC
E3,
939,
314
$
10
7,33
9$
5,
239,
587
$
3,
477,
596
$
6,
276,
989
$
4,
672,
292
$
65
,846
$
(1
,347
,535
)$
2,59
4,23
3$
6,31
4,26
6$
*N
ot A
vaila
ble
Oth
er S
tate
Gra
nts
ongo
ing
Tot
al D
epar
tmen
t of
Tra
nspo
rtat
ion
Dep
artm
ent
of T
rans
port
atio
n
See
Acc
ompa
nyin
g N
otes
to S
ched
ules
of
Exp
endi
ture
s of
Fed
eral
Aw
ards
and
Sta
te F
inan
cial
Ass
ista
nce.
270
Sch
edu
le 3
Pag
e 1
of 2
CIT
Y O
F J
ER
SE
Y C
ITY
SC
HE
DU
LE
OF
EX
PE
ND
ITU
RE
S O
F O
TH
ER
FIN
AN
CIA
L A
SS
IST
AN
CE
Gra
ntP
asse
dR
efer
ence
Pro
gram
or
Fun
dsT
hrou
gh to
Fun
dsC
urre
nt Y
ear
Pai
d or
Can
cell
atio
ns &
Fun
dsC
umul
ativ
eN
umbe
rA
war
d A
mou
ntR
ecei
ved
Sub
reci
pien
tsA
vail
able
Enc
umbe
red
App
ropr
iati
ons
Cha
rged
Adj
ustm
ents
Enc
umbe
red
Ava
ilab
leE
xpen
ditu
res
Hu
dso
n C
oun
ty O
pen
Sp
ace,
Rec
reat
ion
, an
d H
isto
ric
Pre
serv
atio
n T
rust
Fu
nd
App
le T
ree
Hou
se07
/01/
2007
-06
/30/
2008
*10
0,00
0$
-
$
-$
-
$
4,35
0$
-
$
4,35
0$
-
$
-$
-
$
100,
000
$
Ber
ry L
ane
Par
k P
hase
V09
/30/
2014
-09
/28/
2016
*22
5,00
0
-
-
22
5,00
0
-
-
22
5,00
0
-
-
-
225,
000
Cav
en P
oint
Rec
reat
ion
Art
ific
ial T
urf
Pro
ject
*-
08/1
3/20
11*
400,
000
-
-
400,
000
-
-
-
-
-
40
0,00
0
-
Res
ervo
ir T
hree
07/0
1/20
07-
06/3
0/20
08*
300,
000
-
-
(734
)
-
-
-
734
-
-
30
0,00
0
R
eser
voir
No.
3 -
His
tori
c S
truc
ture
s S
tabi
liza
tion
11/1
5/20
12-
12/1
4/20
15H
P-1
0-12
50,0
00
-
-
50,0
00
-
-
-
(7
34)
-
49
,266
73
4
Boy
d M
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Fed
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ista
nce.
271
Sch
edu
le 3
Pag
e 2
of 2
CIT
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te F
inan
cial
Ass
ista
nce.
272
CITY OF JERSEY CITY NOTES TO SCHEDULES OF EXPENDITURES OF
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FOR THE YEAR ENDED DECEMBER 31, 2017
NOTE A. REPORTING ENTITY
The City of Jersey City (the “City”), received and continues to participate in numerous federal award and state financial assistance programs, in the form of grant cost reimbursements and revenue sharing entitlements. The City is the reporting entity for the grant programs received. Administration of the grant programs is performed by the various departments of the City.
The City, for purposes of the schedules of expenditures of federal awards and state financial assistance, includes all of the primary government as defined criteria established by the Governmental Accounting Standards Board. The City administers certain federal and state award programs through subrecipients. Those subrecipients are not considered part of the City’s reporting entity. NOTE B. BASIS OF PRESENTATION
The accompanying schedules of expenditures of federal awards and state financial assistance (the “Schedules”) present the activity of all federal and state programs of the City. All federal awards received directly from federal agencies or passed through other government agencies are included on the schedule of expenditures of federal awards. All state awards received directly from state agencies or passed through other government agencies are included in the schedule of expenditures of state financial assistance. The information in these Schedules are presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and audit Requirements for Federal Awards (Uniform Guidance) and New Jersey OMB Circular Letter 15-08 Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid. NOTE C. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies of the City conform to the accounting principles and practices prescribed by the Division of Local Government Services, Department of Community Affairs, State of New Jersey (the “Division”). Such principles and practices are designed primarily for determining compliance with legal provisions and budgetary restrictions and as a means of reporting on the stewardship of public officials with respect to public funds. Under this method of accounting, the City accounts for federal awards and state financial assistance through the following accounting practices which differ from those required by accounting principles generally accepted in the United States of America. Accounting functions for the grants are performed by the City’s Accounts and Control. Grant and program cash funds may be commingled with the City’s other funds provided each grant is accounted for separately within the City’s financial records.
273
CITY OF JERSEY CITY NOTES TO SCHEDULES OF EXPENDITURES OF
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FOR THE YEAR ENDED DECEMBER 31, 2017
NOTE C. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued) In accordance with the Division’s directives, the City (a) fully realizes grant revenues anticipated in the Current Fund operating budget and establishes a corresponding receivable for each grant in the State and Federal Grants Fund, and (b) fully charges grants appropriated in the Current Fund operating budget and establishes a corresponding spending reserve, referred to as an ‘Appropriated Reserve’ in the State and Federal Grants Fund. In some instances, grants anticipated and appropriated in the Current Fund operating budget may be established as receivables and reserves in a Trust Fund instead of the State and Federal Grants Fund.
Local Contributions – Local matching contributions are required by certain federal and state grants. The amount or percentage of matching contributions varies with each program. Local matching contributions are raised in the Current Fund budget.
Indirect Costs - The City is not utilizing the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance. NOTE D. CONTINGENCIES Entitlement to grant funds is generally conditional upon compliance with terms and conditions of the grant agreements and applicable laws and regulations. Federal and state grants, entitlements and cost reimbursements are subject to financial and compliance audits by grantors. Such contingencies are fully disclosed in the Notes to the Financial Statements. NOTE E. MONITORING OF SUB-RECIPIENTS
Under the requirements of the Single Audit Act and State regulations, if the City, as a primary recipient, receives federal and state financial assistance and provides $750,000 or more of such assistance to a sub-recipient in a fiscal year, the City is responsible for determining that the expenditures of federal and state monies passed through to sub-recipients are utilized in accordance with applicable laws and regulations. NOTE F. RELATIONSHIP TO FEDERAL FINANCIAL REPORTS
The regulations and guidelines governing the preparation of federal and state financial reports vary by federal and state agency and among programs administered by the same agency. Accordingly, the amounts reported in the federal and state financial reports do not necessarily agree with the amounts reported in the accompanying schedules of expenditures of federal awards and state financial assistance, which are prepared on the basis of accounting explained in Note B.
274
CITY OF JERSEY CITY NOTES TO SCHEDULES OF EXPENDITURES OF
FEDERAL AWARDS AND STATE FINANCIAL ASSISTANCE
FOR THE YEAR ENDED DECEMBER 31, 2017
NOTE G. PASS-THROUGH AWARDS AND COMMINGLED ASSISTANCE
The City receives federal and state awards passed-through different levels of government. As a result, the individual sources of federal and state awards may be commingled and not always separately identifiable. In instances in which the federal amounts received are commingled by the state or other levels of government with other funds and cannot be separately identified, they are reported as federal expenditures. In instances in which the state amounts received are commingled by other levels of government, other than federal, and cannot be separately identified, they are reported as state expenditures. The following awards include both state and federal funding which are not separately identifiable, and which are reported on the schedule of expenditures of federal awards Aging Cluster - The City annually receives a “Senior Nutrition” Grant from the County of Hudson, Area Agency on Aging. This Senior Nutrition award includes funds for CFDA No. 93.045, 93.053 and 93.667, but the City’s accounting system does not separate the expenditures for the Senior Nutrition Grant by the individual CFDA Numbers. The Schedule of Expenditures of Federal Awards presents the total expenditures under the “Aging Cluster”. A breakdown of the grant award into the individual CFDA Numbers is noted below:
Aging Cluster 2016 2017Home Delivered Nutrition (COLA) 93.045 350,601$ 349,436$
Weekend Home Delivered Nutrition (COLA) 93.045 - 22,930
Nutrition Education Counseling (Title IIIC-1) 93.045 23,415 23,288
Congregate Nutrition- Federal (Title IIIC-1) 93.045 134,375 133,616
Home Delivered Nutrition- Federal (Title IIIC-2) 93.045 181,033 167,020
State Weekend Home Delivered Meals 93.045 44,474 44,474
Nutrition Services Incentive Program (NSIP)
Congregate Nutrition 93.053 131,326 120,686
Home Delivered Nutrition 93.053 120,331 118,520
985,555 979,970
Weekend Home Delivered Meals - (SSBG) 93.667 89,106 -
Socialization Recreation - (SSBG) 93.667 - 66,100
Home Delivered Nutrition - (SSBG) 93.667 159,368 179,368
1,234,029$ 1,225,438$
275
Financial Statements
Type of report the auditor issued on whether the financial statemenaudited were prepared in accordance with GAAP:
Internal Control over Financial Reporting:
1) Material weakness(es) identified? Yes Finding 2017-002 NoFinding 2017-003
2) Significant deficiency(ies) identified? Yes Finding 2017-001 No
Noncompliance material to basic financial statements noted? Yes No
Federal Awards
Internal Control over Major Federal Programs:
1) Material weakness(es) identified? Yes Finding 2017-003 No
2) Significant deficiency(ies) identified? Yes No
Type of auditor's report issued on compliance for major federal programs:
Unmodified for all major federal programs, except for the following which are all Qualified:CFDA 14.218 - Community Development Block GrantCFDA 14.231 - Emergency Solutions GrantCFDA 14.239 - Home Investment Partnership GrantCFDA 14.241 - Housing Opportunities for Persons with AIDS
Any audit findings disclosed that are required to be reported in accordance with 2 CFR 200.516(a)? Yes Finding 2017-003 No
Identification of major Federal Programs:
10.557 - Women, Infants and Children (WIC)14.218/14.253 - CDBG Entitlement Grants Cluster
14.231 - Emergency Solutions Grant14.239 - Home Investment Partnership Grant14.241 - Housing Opportunities for Persons with AIDS93.045 - Aging Cluster (Senior Nutrition)93.569 - CSBG Cluster97.044 - Assistance to Firefighters Grant Program97.067 - Urban Area Security Initiative
Dollar threshold used to distinguish between Type A and Type B Programs:
Auditee qualified as low-risk auditee? Yes No
CITY OF JERSEY CITYSCHEDULE OF FINDINGS AND QUESTIONED COSTS
FOR THE YEAR ENDED DECEMBER 31, 2017
Section I - Summary of Auditor's Results
Adverse-according to GAAPUnmodified-as prescribed by NJ DLGS
CFDA Number(s)
750,000$
Name of Federal Program or Cluster
276
CITY OF JERSEY CITYSCHEDULE OF FINDINGS AND QUESTIONED COSTS
FOR THE YEAR ENDED DECEMBER 31, 2017
Section I - Summary of Auditor's Results
State Financial Assistance
Internal control over state programs:
1) Material weakness(es) identified? Yes No
2) Significant deficiency(ies) identified? Yes No
Type of auditor's report issued on compliance for major State programs: Unmodified for all major State programs
Any audit findings disclosed that are required to be reported in accordance with NJ OMB 15-08, as amended? Yes No
Identification of major State programs
533-042-4800-003 (852000) - Green Acres Program
Dollar threshold used to distinguish between Type A and Type B Programs: 750,000$
Name of State Program Program Code
(continued)
277
CITY OF JERSEY CITY
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued) FOR THE YEAR ENDED DECEMBER 31, 2017
Section II - Schedule of Financial Statement Findings
(This section identifies the significant deficiencies, material weaknesses, fraud, noncompliance with provisions of laws, regulations, contracts and grant agreements, and abuse related to the financial statements for which Government Auditing Standards requires reporting.) Finding 2017-001 Significant Deficiency in Internal Control Criteria: The City is required by N.J.A.C. 5:30-5.6 to establish and maintain a physical
inventory of fixed assets of nonexpendable, tangible property. The reporting system must have a subsidiary ledger, consisting of detailed property records for controlling additions, retirements and transfers of fixed assets. Further, the subsidiary ledger is required to ensure that property records are maintained accurately, to reflect a description and source of the property, its ownership, the acquisition cost and date, the percentage of Federal participation in the acquisition, and the location, use, and condition of the property.
Condition: Assets transferred to the City pursuant to its dissolution of the Jersey City Parking
and Incinerator Authorities were not included on City’s fixed asset inventory. In addition, several items selected for physical inspection required several trips because locations were not updated to reflect changes in location since the time of purchase.
Context: Audit procedures include sampling of the fixed asset inventory listing and
verifying the existence of these assets. Generally, vehicles were difficulty to identify as Vehicle Identification Numbers (VIN) are often not inputted into the inventory.
In addition, it appears the following concern noted in the prior audit was not
addressed: Inventory listings obtained from the former Parking Authority (JCPA) and Incinerator Authority (JCIA) indicate 131 and 159 items, respectively, of machinery and equipment were not added to the City inventory listing upon dissolution of these entities.
278
CITY OF JERSEY CITY
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued) FOR THE YEAR ENDED DECEMBER 31, 2017
Section II - Schedule of Financial Statement Findings
Finding 2017-001 (Continued) Effect: The City’s fixed asset inventory system is not in compliance with N.J.A.C. 5:30-
5.6. Specifically, there are instances in which (a) assets known to have been acquired through the dissolution of City agencies are not included in the inventory, and (b) asset locations noted on the listing may be inaccurate due to department transfers.
Cause: The City’s asset tagging, disposal and transfer policies are not being followed by
department personnel. No asset disposals are being recorded on the City’s fixed asset listing.
This finding is repeated from the prior year, with modifications. Recommendation: The City should reinforce existing fixed asset disposal and transfer policies with
appropriate department personnel and make certain such procedures are followed. The City should include all assets acquired from the dissolution of the Parking
and Incinerator Authorities on its fixed assets inventory. Views of Responsible Officials of the City (unaudited): The assigned Fixed Asset Manager will continue to work to enforce the fixed asset policy. The City will also be working with a fixed asset appraisal company to update the current inventory listing to include all vehicles and equipment that meet the fixed asset threshold.
279
CITY OF JERSEY CITY
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued) FOR THE YEAR ENDED DECEMBER 31, 2017
Section II - Schedule of Financial Statement Findings
Finding 2017-002 Material Weakness in Internal Control over Financial Reporting Criteria: Sound internal control policies include the timely reconciliation of all bank
accounts as a means to detect, and timely correct, misstatements. Condition: Bank reconciliations for the year ended December 31, 2017 were not completed
until October 2, 2018. Context: Audit procedures include obtaining City-prepared bank reconciliations as part of
the process to gather evidence regarding whether cash and cash equivalents are fairly stated in the City’s financial records. Though bank reconciliations will not prevent misstatements from occurring, they provide a means to detect and correct misstatements that were not prevented by other controls. Timely bank reconciliations allow the City to correct misstatements in a timely manner, provide a means of identifying and resolving bank errors, transfer or payment errors and potential misappropriation.
Effect: The lack of a timely reconciliation process resulted in delays in the detection of
payment, transfer and deposit errors, as well as delays in financial reporting. Further, the lack of a timely reconciliation process would prevent the City from addressing potential matters of defalcation, if any were to occur, in a timely manner.
Further, in order to complete its reconciliations, the City require a lump sum
journal entry be made to account for cumulative unidentified differences in the reconciliation of its general account in the amount of $92,764. This amount is posted as a non-budget revenue. Though this amount is not individually material, it reflects the net effect of debits and credits to cash which could not be identified. It is presumed that had these adjustments been made as gross debits and credits, and not netted together, the entries may approach materiality.
280
CITY OF JERSEY CITY
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued) FOR THE YEAR ENDED DECEMBER 31, 2017
Section II - Schedule of Financial Statement Findings
Finding 2017-002 (Continued) Cause: The cause for the delays in the reconciliation process could not be readily
determined, though it appears personal turnover and the consolidation of several accounts with significant transaction volume may have contributed.
This finding is repeated from the prior year, though this year it is reported as a
material weakness in internal controls over financial reporting. Recommendation: The City should reconcile all bank accounts within a reasonable period of time
after its fiscal year end. Views of Responsible Officials of the City (unaudited): This was due to several personnel changes. The CFO has recently assigned staff to oversee the reconciliation process and the City is currently making staffing changes to ensure the timely reconciliation of bank accounts.
281
CITY OF JERSEY CITY
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued) FOR THE YEAR ENDED DECEMBER 31, 2017
Section II - Schedule of Financial Statement Findings
Finding 2017-003 Material Weakness in Internal Control over Financial Reporting Criteria: Sound accounting policies suggest that the City is required to reconcile and
compare information reported in its financial records to the underlying accounting records and reports provided to and from grantor and oversight agencies.
Condition: Community Development Block Grant (CDBG), Home Investment Partnership
Grant (HOME), Housing Opportunities for Persons with AIDS (HOPWA) and Emergency Shelter Grant (ESG) funds receivable and on reserve, or available for expenditure, in the City’s general ledger were not reconciled with the IDIS system used for reporting such activity to the Department of Housing and Urban Development.
Context: Such reconciliations provide greater assurance that amounts reported by the City
are not misrepresented and coincide with amounts reported to or maintained by grantor and oversight agencies.
Effect: Amounts receivable and on reserve in the City’s CDBG, HOME and HOPWA
general ledgers and disbursements could not be properly validated or were not traceable to or from IDIS and other related reports. HOME receipts could also not be reconciled.
Cause: The City is not closing temporary accounts in the CDBG, HOME and HOPWA
general ledgers. Further, the general ledger reserve and receivable balances are not reconciled to subsidiary budget report ledgers and the IDIS system.
This finding has been repeated annually since 2011.
282
CITY OF JERSEY CITY
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued) FOR THE YEAR ENDED DECEMBER 31, 2017
Section II - Schedule of Financial Statement Findings
Finding 2017-003 (continued) Recommendation: The City should adopt financial reporting, reconciliation and closing procedures
which require appropriate personnel to reconcile reported balances and activity of CDBG, HOME, HOPWA and Emergency Shelter Grants to the underlying accounting records, subsidiary ledgers and reports provided to and from grantor and oversight agencies, where applicable. The reconciliations should be performed monthly.
Views of Responsible Officials of the City (unaudited): The CFO’s Office will take over this project to close out the old accounts and make sure all systems are reconciled.
283
CITY OF JERSEY CITY
SCHEDULE OF FINDINGS AND QUESTIONED COSTS (Continued) FOR THE YEAR ENDED DECEMBER 31, 2017
Section III - Schedule of Federal Awards and State Financial Assistance
Findings and Questioned Costs
(This section identifies audit findings required to be reported by the 2 CFR 200.516(a) and New Jersey OMB Circular 15-08.)
Finding 2017-003 (Repeated from Section II as required, Modified as Related to Federal Funds) Material Weakness in Internal Control over Major Federal Programs Noncompliance (L) – Reporting (Direct Federal Funding)
United States Department of Housing and Urban Development CFDA No. 14.218 – Community Development Block Grant (CDBG) CFDA No. 14.231 – Emergency Solutions Grant (ESG) CFDA No. 14.239 – Home Investment Partnership Grant (HOME) CFDA No. 14.241 – Housing Opportunities for Persons with AIDS (HOPWA)
Condition: Community Development Block Grant (CDBG), Home Investment Partnership
Grant (HOME), Housing Opportunities for Persons with AIDS (HOPWA) and Emergency Shelter Grant (ESG) funds receivable and on reserve, or available for expenditure, in the City’s general ledger were not reconciled with the IDIS system used for reporting such activity to the Department of Housing and Urban Development.
Context: Such reconciliations provide greater assurance that amounts reported by the City
are not misrepresented and coincide with amounts reported to or maintained by grantor and oversight agencies.
Questioned Costs: None noted. Refer to Section II for Criteria, Effect, Cause and Recommendation and Views of Responsible Officials.
284
CITY OF JERSEY CITY
SUMMARY SCHEDULE OF PRIOR YEAR AUDIT FINDINGS AND QUESTIONED COSTS AS PREPARED BY MANAGEMENT
FOR THE YEAR ENDED DECEMBER 31, 2017
Status of Prior Year Findings
(This section identifies the status of prior-year audit findings related to the basic financial statements and federal and state awards that are required to be reported in accordance with Chapter 4 of Government Auditing Standards, 2 CFR 200.516(a) and New Jersey OMB Circular 15-08.) Finding 2016-001 Finding 2015-001 Finding 2014-001 Noncompliance Material to Basic Financial Statements Condition: Unfinanced costs for capital projects over five years old remain on the City’s
books. Current Year Status: This City has continued to reduce the noncompliant funding status of capital
projects over five years old, however, $13,291,470 of ‘Deferred Charges to Future Taxation – Unfunded’ over five years remain, consisting of $11,704,212 for General Improvements and $1,587,258 for School Projects. All Water Projects have been funded. The current figure noncompliant amount represents a 65% reduction since 2014.
This finding has been removed as noncompliance material to the basic financial
statements, but is repeated in the “comments and recommendations” section of this report as Finding 2017-004.
Finding 2016-002 Finding 2015-002 Finding 2014-003 Significant Deficiency in Internal Control Condition: Some assets on the fixed assets inventory listing could not be verified by physical
inspection. The City’s asset tagging, disposal and transfer policies are not being followed by department personnel. In addition, assets transferred to the City pursuant to its dissolution of the Jersey City Parking and Incinerator Authorities were not included on City’s fixed asset inventory.
Current Year Status: This finding is repeated in the current year as Finding 2017-001.
285
CITY OF JERSEY CITY
SUMMARY SCHEDULE OF PRIOR YEAR AUDIT FINDINGS AND QUESTIONED COSTS AS PREPARED BY MANAGEMENT
FOR THE YEAR ENDED DECEMBER 31, 2017
Status of Prior Year Findings
Finding 2016-003 Finding 2015-003 Material Weakness in Internal Control Condition: Community Development Block Grant (CDBG), Home Investment Partnership
Grant (HOME), Housing Opportunities for Persons with AIDS (HOPWA) and Emergency Shelter Grant (ESG) funds receivable and on reserve, or available for expenditure, in the City’s general ledger were not reconciled with the IDIS system used for reporting such activity to the Department of Housing and Urban Development. This finding, as it relates to CDBG, HOME and ESG, has been repeated annually since 2011.
Current Year Status: This finding is repeated as Finding 2017-003. Finding 2016-004 Noncompliance (H) – Period of Performance (Direct Federal Funding)
United States Department of Housing and Urban Development CFDA No. 14.218 – Community Development Block Grant (CDBG)
Condition: The City is noncompliant with 24 CFR 570.902 with an unexpected grant balance
remaining of 1.6 times the annual grant for Program Year 2015. Current Year Status: This finding was corrected in the current year.
286
CITY OF JERSEY CITY
SUMMARY SCHEDULE OF PRIOR YEAR AUDIT FINDINGS AND QUESTIONED COSTS AS PREPARED BY MANAGEMENT
FOR THE YEAR ENDED DECEMBER 31, 2017
Status of Prior Year Findings
Finding 2015-004 Noncompliance (B) – Allowable Costs / Cost Principles Noncompliance (J) – Program Income Significant Deficiency in Internal Control Over Major Programs (Direct Federal Funding)
United States Department of Housing and Urban Development CDBG Entitlement Grants Cluster - CFDA No. 14.218 / 14.253
Condition: The City received a letter dated March 30, 2016 from the Office of Inspector
General, US Department of Housing and Urban Development (OIG), in which OIG presents two findings and 30 recommendations. In summary, the OIG found (1) program income was not always collected, recorded or supported, (2) funds were used for unsupported costs, (3) CDBG activities and the City’s home-ownership program were not administered in compliance with program requirements, (4) unnecessary drawdowns were made and (5) the City’s Integrated Disbursement and Information System (IDIS) information was not accurate or traceable to that in its accounting records [see also Finding 2015-003].
The OIG identified a total of $1,941,618 in questioned costs and $16,206,508 of
funds to be put to better use. Current Year Status: The City has hired legal counsel to advise and respond to the allegations and
review its community development programs. Said legal counsel believes, after initial research of the OIG allegations, that adequate support exists for the CDBG expenditures questioned, and that the City should be able to defend its CDBG expenditures and develop the documentation needed to avoid the City having to repay the funds.
As of the date of this report, no final determinations have been made and it is
possible the City may still be required to repay the entire amount of $18,148,126, or an undetermined portion thereof.
287
CITY OF JERSEY CITY GENERAL COMMENTS
DECEMBER 31, 2017
CONTRACTS AND AGREEMENTS REQUIRED TO BE ADVERTISED PER N.J.S.A. 40A:11-3 AND 40A:11-4, et seq. N.J.S.A. 40A:11-3 states “When the cost or price of any contract awarded by the contracting agent in the aggregate does not exceed in a contract year the total sum of $17,500, the contract may be awarded by a purchasing agent or other employee so designated by the governing body when so authorized by ordinance or resolution, as appropriate to the contracting unit, without public advertising for bids, except that the governing body of any contracting unit may adopt an ordinance or resolution to set a lower threshold for the receipt of public bids or the solicitation of competitive quotations. If a purchasing agent has been appointed, the governing body of the contracting unit may establish that the bid threshold may be up to $25,000 or the threshold amount adjusted by the Governor pursuant to subsection c. of this section. Such authorization may be granted for each contract or by a general delegation of the power to negotiate and award such contracts pursuant to this section.” The current threshold amount as adjusted by the Governor is $40,000. The City has appointed a Qualified Purchasing Agent and has passed a resolution raising its bid threshold to the maximum allowable amount of $40,000. N.J.S.A. 40A:11-4 states “Every contract awarded by the contracting agent for the provision or performance of any goods or services, the cost of which in the aggregate exceeds the bid threshold, shall be awarded only by resolution of the governing body of the contracting unit to the lowest responsible bidder after public advertising for bids and bidding therefor, except as is provided otherwise in this act or specifically by any other law. The governing body of a contracting unit may, by resolution approved by a majority of the governing body and subject to subsections b. and c. of this section, disqualify a bidder who would otherwise be determined to be the lowest responsible bidder, if the governing body finds that it has had prior negative experience with the bidder.” The governing body of the City has the responsibility of determining whether the expenditures in any category will exceed $40,000 within the fiscal year. Where questions arise as to whether any contract or agreement might result in a violation of the Statute, the opinion of City Counsel should be sought before a commitment is made. Inasmuch as the system of records did not provide for an accumulation by categories of payments for the performance of any work or the furnishing or hiring of any materials or supplies, the results of such an accumulation could not be reasonably ascertained. Disbursements were reviewed, however, to determine whether any clear-cut violations existed.
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CITY OF JERSEY CITY GENERAL COMMENTS
DECEMBER 31, 2017
CONTRACTS AND AGREEMENTS REQUIRED TO BE ADVERTISED PER N.J.S.A. 40A:11-3 AND 40A:11-4, et seq. (continued) The minutes indicate that bids were requested by public advertisement and contracts awarded for the following items:
Our examination of expenditures did not reveal individual payments, contracts or agreements in excess of $40,000, "for the performance of any work, or the furnishing of any materials, supplies or labor, or the hiring of teams or vehicles," other than those for which bids had been previously sought by public advertisements or for which a resolution had been previously adopted under the provision of N.J.S.A. 40A:11-6. CONTRACTS AND AGREEMENTS EXCEPTED FROM PUBLIC ADVERTISEMENT FOR BIDS PER N.J.S.A. 40A:11-5, et seq., 40A:11-6.1(b) AND 40A:11-12 N.J.S.A. 40A:11-12 states: “Any contracting unit under this act [the City] may without advertising for bids, or having rejected all bids obtained pursuant to advertising therefore, purchase any goods or services under any contract or contracts for such goods or services entered into on behalf of the State by the Division of Purchase and Property in the Department of the Treasury.” When utilizing state contracts, as the contracts are commonly referred to, the City is required to place its order with the vendor offering the lowest price, including delivery charges, that best meets the City’s requirements, and is also required to document such with specificity prior to placing the order. The minutes indicate resolutions were adopted authorizing the awarding of contracts or agreements for “state contracts” per N.J.S.A. 40A:11-12 for the following items:
- Small Tools and Hardware Suppplies - Asphalt Materials
- Maintenance of City Irrigation Systems - Moving Company Services
- Tree Planting Citywide - Deliver of Various Trees
- Collision Repair Services - Lumber and Assorted Materials
- Disposal of Various Waste Types - Security Maintenance
- Supply and Delivery of Custodial Supplies - Plumbing Supplies
- Automotive Tires
- Heavy Duty Vehicle Truck Parts and Repairs - Wireless Devices and Services
- Light and Medium Vehicle Repair Services - Energy Tracking and Bill Management System
- Office Furniture - Analog Recording System Maintenance
- Zetron Alerting System - Protective Fire Gear and Equipment
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CITY OF JERSEY CITY GENERAL COMMENTS
DECEMBER 31, 2017
CONTRACTS AND AGREEMENTS EXCEPTED FROM PUBLIC ADVERTISEMENT FOR BIDS PER N.J.S.A. 40A:11-5, et seq., 40A:11-6.1(b) AND 40A:11-12 (continued)
Contracts or agreements awarded for “state contracts” per N.J.S.A. 40A:11-12 (continued):
N.J.S.A. 40A:11-5.1(a)(i) states: “Any contract the amount of which exceeds the bid threshold, may be negotiated and awarded by the governing body without public advertising for bids and bidding therefor and shall be awarded by resolution of the governing body if the subject matter thereof consists of professional services. The governing body shall in each instance state supporting reasons for its action in the resolution awarding each contract and shall forthwith cause to be printed once, in the official newspaper, a brief notice stating the nature, duration, service and amount of the contract, and that the resolution and contract are on file and available for public inspection in the office of the clerk.” The minutes indicate resolutions were adopted and advertised authorizing the awarding of contracts or agreements for “professional services” per N.J.S.A. 40A:11-5 for the following items:
- Maintenance of Wireless Network Systems - SCBA Parts and Supplies
- Street Sweeper Parts and Repairs - Light Duty Non-OEM Automotive Parts
- Road Maintenance Equipment and Sweeper Brushes - Voice Communication Network Services
- Support of Spatial Data Logic Software - Cisco Smartnet Service Maintenance
- Interview Recording System - Communications Wiring Services
- Second Chance Ballistic Vests - GPS Access Subscriptions
- Electrical Equipment and Supplies - Data Communications Network Services
- Telephone / Voice Line Services - Telecommunications Data Lines
- Unitrends 926S Backup Unit - Vending Machines
- Servers - Diesel Fuel
- Gasoline - Annual Maintenance of Radio System
- Labor Negotiation Attorney - Engineering, Design and Construction Administration
- Special Counsel - Commercial Litigation - Various Litigation Representation
- Special Counsel - Tax Appeals - Workers Compensation Defense Matters
- Public Defender Attorney Services - Veterinarian Services
- Firework Display - Architectural / Structural Engineering Services
- Annual Financial Statement Audit - On-Call Traffic Volume Data Collection Project
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CITY OF JERSEY CITY GENERAL COMMENTS
DECEMBER 31, 2017
CONTRACTS AND AGREEMENTS EXCEPTED FROM PUBLIC ADVERTISEMENT FOR BIDS PER N.J.S.A. 40A:11-5, et seq., 40A:11-6.1(b) AND 40A:11-12 (continued) There are additional exceptions noted in N.J.S.A. 40A:11-5, et seq., for contracts which may be negotiated and awarded by resolution of the governing body without public advertising for bids. The City has also awarded contracts under other exceptions noted in N.J.S.A. 40A:11-5 including:
N.J.S.A. 40A:11-5.1(dd), the provision or performance of goods or services for the support or maintenance of proprietary computer hardware and software, except that this provision shall not be utilized to acquire or upgrade non-proprietary hardware or to acquire or update non-proprietary software;
N.J.S.A. 40A:11-5.1(d), the furnishing of a tax map or maps;
N.J.S.A. 40A:11-5.1(l), those goods and services necessary or required to prepare and conduct an election;
N.J.S.A. 40A:11-5.3, a negotiated contract following the advertisement of bids, and for which no bid contract could be awarded due to specific circumstances as noted in the statute.
N.J.S.A. 40A:11-6.1(b) states: “When in excess of the bid threshold, and after documented effort by the contracting agent [the City] to secure competitive quotations, a contract for extraordinary unspecifiable services may be awarded upon a determination in writing by the contracting agent that the solicitation of competitive quotations is impracticable. Any such contract shall be awarded by resolution of the governing body.” N.J.S.A. 40A:11-5.1(a)(ii) further states: “The governing body shall in each instance state supporting reasons for its action in the resolution awarding each [extraordinary unspecifiable service] contract and reasons for its action in the resolution awarding each contract and shall forthwith cause to be printed…a brief notice of the award of such contract.” The notice shall be printed once, in the official newspaper, a brief notice stating the nature, duration, service and amount of the contract, and that the resolution and contract are on file and available for public inspection in the office of the clerk. The minutes indicate resolutions were adopted and advertised authorizing the awarding of contracts or agreements for “extraordinary unspecifiable services” per N.J.S.A. 40A:11-6.1(b) for Insurance Consulting Services and Life Insurance for Management Employees.
291
CITY OF JERSEY CITY GENERAL COMMENTS
DECEMBER 31, 2017
EXPENDITURE LESS THAN BID THRESHOLD, BUT 15% OR MORE OF THAT AMOUNT PER N.J.S.A. 40A:11-6.1 N.J.S.A. 40A:11-6.1 states: “For all contracts that in the aggregate are less than the bid threshold but 15 percent or more of that amount, except for paragraph (a) of subsection (1) of section 5 of P.L. 1971, c.198 (C.40A:11-5) concerning professional services and paragraph (b) of that subsection concerning work by employees of the contracting unit, the contracting unit shall award the contract after soliciting at least two competitive quotations, if practicable.” The City advised us that quotations were, for the most part, solicited for items, the cost of which was $6,000 or more, within the terms of N.J.S.A. 40A:11-6.1. COLLECTION OF INTEREST ON DELINQUENT TAXES AND ASSESSMENTS Statutes provide the method for authorizing interest and the maximum rate to be charged for the nonpayment of taxes, or assessments on or before the date when they would become delinquent. The governing body adopted the following resolution authorizing interest to be charged on delinquent taxes:
“In all cases, interest shall be calculated and charged at the rates of 8% per annum on the first $1,500 of the delinquency, and 18% per annum on any delinquent amounts in excess of $1,500, to be calculated from the date upon which the taxes first became due and payable to the date that the payment is actually received.”
In all instances tested, the collector’s records indicate that interest was collected in accordance with the foregoing resolution. CHANGE ORDERS EXCEEDING 20 PERCENT OF ORIGINALLY AWARDED CONTRACT PRICE Change orders exceeding the originally awarded contract price by more than 20% are allowed only in limited instances. The authorization process requires a resolution of the governing body and an affidavit of publication for notice in an officially designated newspaper of the entity. The minutes indicate the following change orders which exceeded 20% of the originally awarded contract during 2016:
- Special Counsel - Commercial Litigation - Engineer Services - Roadway Lighting
- Various Litigation Representation - Engineering Services - Remediation
- Environmental Services - Workers Compensation Defense Matters
- Road Maintenance Equipment Parts and Repairs - Heavy Duty Vehicle Parts
292
CITY OF JERSEY CITY COMMENTS AND RECOMMENDATIONS
DECEMBER 31, 2017
(Finding References continued from Sections II and III of the Schedule of Federal Awards and State Financial Assistance Findings and Questioned Costs, which can found on pages 278 through 284 of this report.) FINDING 2017-004: The City is not in compliance with State regulations concerning the funding of capital projects. Unfinanced costs totaling $13,291,470 for capital projects over five years old remain on the City’s books, consisting of $11,704,212 for general projects and $1,587,258 for school projects. The City has annually reduced its unfunded costs for projects over five years old since 2014. Recommendation: The City should continue to fund its remaining Unfunded Deferred Charges to
Future Taxation in excess of five years old. FINDING 2017-005: Voters of the City approved, through referendum, the establishment of a tax levy to fund a Municipal Open Space, Recreation and Historic Preservation Trust Fund. As of 2017, the City maintained these funds in a separate reserve within its Trust Fund – Other Trust. However, statutes require the dedicated tax to be deposited into a dedicated depository and separate Municipal Open Space Trust Fund. Recommendation: The City should establish a separate, dedicated Trust Fund and bank account for
the sole purpose of accounting for the proceeds of its Municipal Open Space Tax Levy, as required by various State statutes and regulations.
FINDING 2017-006: The City does not maintain an automated grants receivable subsidiary ledger integrated into its accounting system. Currently, the grants receivable subsidiary ledger is maintained off-line. As grant monies are received, the grant receivable general ledger account is credited. These receipts are then identified and posted to the manual subsidiary ledger. This process enables posting delays and is prone to posting error, as evidenced by the number of receipt re-allocations posted annually. Further, whereas grant receipts often originate from filings of various Departments, the responsibility to identify the source of funds and allocation to the proper grant is placed on Treasury and Accounts and Control. This lack of a cohesive City-wide process to identify grant receipts contributes to posting errors. Recommendation: City Departments which administer grants and file for reimbursement should
coordinate with Treasury and Accounts and Control when grant funds are expected in order to reduce delays and posting errors in regards to grant receipts. Further, the City should integrate a grants receivable subsidiary ledger into its accounting system.
293
CITY OF JERSEY CITY COMMENTS AND RECOMMENDATIONS
DECEMBER 31, 2017
FINDING 2017-007: Various interfund balances remain on the City’s balance sheets at year end, including an interfund in the amount of $11,469,449 due from the Payroll Agency Trust Fund to the Current Fund. Across funds, interfund balances exceed $13 million. Amounts due to the Current Fund total $11,848,594 and result in a corresponding reduction in fund balance, as accounting rules do not allow these receivables to be realized until collected in cash. Recommendation: The City should make certain interfunds balances are transferred prior to year-
end, to the extent possible. In addition, transfers between funds, particularly between the Payroll Agency and Current Funds should be conducted with more care so as to not create significant interfunds unnecessarily.
FINDING 2017-008: During 2017, internal controls over wire transfers and manual checks were not sufficient to prevent the duplicate payments of $486,425 of employee pension obligations to the State of New Jersey and $1,604,940 of tax sale payments to the Jersey City Municipal Utilities Authority. The cause of the duplicate pension wire was not evident, but the payment was returned to the City from the State. The duplicate tax sale payment occurred when Treasury was given wiring instructions to make the payment on the same date a manual check was issued by the Tax Collector’s office. The City has recovered these funds as well, however the issue was not discovered until bank reconciliation procedures were completed approximately nine months after year end. Recommendation: The City should institute additional preventive internal controls over wire
transfers and manual checks to further prevent the likelihood of duplicate payments, and conduct detective internal controls such as bank reconciliations in a timelier manner to improve the possibility of recovery if the issue were to re-occur.
FINDING 2017-009: In order to continue receipt of real property Senior Citizen tax deductions, those receiving the tax credits must file annual post-tax year income statements with the municipal tax collector. In order to test compliance with this requirement, audit procedures selected ten Senior Citizen deductions and requested the corresponding annual post-tax year income statement. The Tax Collector’s Office could not provide seven of the ten statements.
Recommendation: The Tax Collector’s office should disallow all deductions for which no annual post-tax year income statement is filed.
294
CITY OF JERSEY CITY COMMENTS AND RECOMMENDATIONS
DECEMBER 31, 2017
FINDING 2017-010: A sample of 25 vendors paid in excess of $600 was selected for the purpose of determining whether the City is in compliance with Internal Revenue Code (IRC) requirements regarding the filing of Form 1099. Of these 25 items, four instances were noted in which a Form 1099 should have been filed, but no evidence of filing could be provided by the City.
Recommendation: In order to comply with requirements of the Internal Revenue Code (IRC), the City should institute controls to make certain Form 1099s are filed with all vendors that do not qualify as exceptions under the IRC. Such controls should include requiring vendors to provide information such as Form W-9, or similar.
FINDING 2017-011: Eight instances were noted in which overtime authorizations were not available for auditor review, comprised of six police and two fire. Recommendation: All overtime authorizations must be fully executed and retained in accordance
with applicable records retention schedules. Such authorizations should be made available for audit.
FINDING 2017-012: Parking Enforcement receipts were often deposited in violation of N.J.S.A. 40A:5-15, which requires all monies to be deposited in a legal depository within 48 hours after the receipt thereof. Audit procedures noted 55 instances totaling $114,794 in which receipts were deposited between 10 and 162 days from the noted date of receipt. Each of these receipts were collected in the months of October through November, 2017, but were not deposited until January through April, 2018. The report of audit includes an adjustment of $114,794 as revenue accounts receivable. Recommendation: In order to comply with N.J.S.A. 40A:5-15, Parking Enforcement should
forward monies to Treasury within 48 hours after receipt, who in turn should deposit the funds into a designated legal depository within 48 hours.
295
CITY OF JERSEY CITY COMMENTS AND RECOMMENDATIONS
DECEMBER 31, 2017
FINDING 2017-013: Our review of the Municipal Court Monthly Management Report for December 2017 indicated that there was a backlog of tickets Eligible for Dismissal, Eligible for Order of Driver License Suspension, Held over 120 Days, Other Case Statuses, Assigned Not Issued Over 180 Days, Held Over 180 Days and Eligible for Warrant. This indicates substantial backlog of tickets. In addition our review of Tickets Assigned and Not Issued has tickets outstanding for more than six months and Tickets Assigned Not Issued had numerous tickets listed. This finding is repeated from the prior year. Recommendation: The Municipal Court should review these tickets and determine their disposition
and remove them from the Automated Traffic System.
********************** Status of Prior Years’ Audit Recommendations A review was performed on all prior year’s recommendations. With the exception of those findings noted as being repeated from the prior year, corrective action was taken on all prior year recommendations. Corrective Action In accordance with regulations promulgated by the Single Audit Act and the Division of Local Government Services, all municipalities are required to prepare and submit to the Division of Local Government Services, a Corrective Action Plan with regard to audit deficiencies. This plan must be approved by formal resolution of the governing body and submitted within 60 days from the date the audit is received. Schedule of Findings and Questioned Costs We noted certain other matters that we reported in the accompanying schedule of findings and questioned costs section of this report. Such matters are required to be reported under Government Auditing Standards, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and N.J. OMB Circular 15-08, Single Audit Policy for Recipients of Federal Grants, State Grants and State Aid.
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