TOWNSHIP OF EW1NG

COUNtY OF MPRCER

FINANCIAL S'IAThMENTS AND

SUPPLEMENTAL DATA

JUNE 30, 2008

 TO WNSI lIP OF EWING
COUN1Y OF MERCER
JUNE 30, 2008
7 ABLE OF CONTENTS

EXHIBIT TITLE

INTRODUCTORY SECTION 1

INDEPENDENT REPORTS
independent Report 1 11
Independent Report on Internal Control over Financial Reporting arid on
Compliance and Other Matters Based on an Audit of Financial Statements
Performed in Accordance with Government Auditing Standards 1 13

FINANCIAL SI ATEMENTS
Combined Statement of Assets, Liabilities, Reserves and Fund Balance All Fund
7 vpes and Account Group Statutory Basis 1 1 5
Statement of Revenues, Expenditures and (hanges in Fund Balance Statutory
Basis Budget and Actual Current Fund 16
Statement of Revenues, Expenditures and Changes in Fund Balance Statutory
Basis - Current Fund 17

NOTES TO FINANCIAL STATEMENTS 19-28

SUPPLEMENTAL SCHEDULES

Current Fund
A Statements of Assets, Liabilities and Fund Balance 29-30
A-I Statement of Revenues and Othci Credits to Income 31-32
A 2 Statement of Expenditures and Other Charges to Income 33-42
A-3 Schedule of I axes Receivable and Analysis of Property Tax Levy 43
A-4 Schedule of Tax I ilk Liens Receivable 44
A-S Schedule of Appropriation and Encumbrance Reseives 45
A-6 Schedule of Charges Receivable 46
A-7 Schedule of Fedeial and Statc Grants Grant Fund
A-8 Schedule of Appropriated Reserves for Federal and State Grants 48
A-9 Schedule of Unappropriated Reserves for Federal and State Grants 49

Trust Fund
B Statements of Assets, Liabilities, Reserves and Fund Balance Statutory Basis 50
B-i Schedule of Other Reserves and Special Deposits Other Funds 51
B-2 Schedule of Reserve for Dog Fund Expenditures 52
B 3 Public Assistance Fund Schedule of Cash Treasurer 53
 TOWNSHiP OF EWING
COUNTY OF MERCER
JUNE 30, 2008
TABLE OF CONTENTS

EXHIBIT TITLE

General Fund
C Statements of Assets, Liabilities, Reserves and Fund Balance 54
Analysis of General Capital Cash and Investments
Schedule of Deferred Charges Unfunded
..................,...,......, 55
56
Schedule of General Serial Bonds 57
Schedule of Bond Anticipation Notes.............. 58
Schedule of Green Trust Loans Payable 59
Schedule of Improvement Authorizabons 60
Statement of Changes in Fund Balance Statutory Basis 61
C-8 Statcment of NJ Environmental Infrastructure Trust Payable 62
Statement of Changes in Capital Improvement Fund 63

SUPPLEMENTARY INFORMATION

Schedule
1 Officials in Office and Surety Bonds 64
2 Schedule of Tax Rate, ax Levy and Tax Collections 65

STATISTICAL SECTION

Table
1 Real Estate Assessment Infonnation 66
2 Schedule of Largest Taxpayers 67
3 Cost per Capita and Budget Percentages for Selected Operating Functions 68
4 Ratio of Bonded Debt, Bond Anticipation Notes and Loans to Equalized Value
and Debt Per Capita 69

FINDINGS AND RECOMMENDATIONS

INTRODUCTORY SECTION
 TI OWNSHIP OF EWING

COUNTY OF MERCER

The Comprehensive Annual Financial Report ("CAFR") for the Township of Ewing, County of
Mercer, State of New Jersey (the "Township") for the fiscal year June 30, 2008, is submitted
herewith and includes financial statements and supplemental schedules.

New Jersey statutes require that the Township of Ewmg issue a report on its financial position and
activity annually and that the report be audited by an independent Registered Municipal Accountant.
We believe that this report is accurate in all material respects; that it is presented in a manner
designed to set forth fairly the financial position and the results of operations of the Township of
Ewing as measured by the financial activity of its various funds; and that all disclosures necessary to
enable the reader to gain maximum understanding of the Township's financial affairs have been
included.

The CAFR is presented in five sections: introductory, financial, statistical, single audit and auditors'
comments and recommendations.

The introductory section contains this letter of transmittal, brief descriptions of the municipal and
ernment operations, a table of organization, and a list of elected and public officials, The
financial section includes the annual financial statements and fund financial schedules, as
elI as the independent auditors' report The statistical section includes selected financial
information designed to e the reader a sense of the financial makeup of the Township of Ewmg.
Responsibility for completeness and clarity of the CAFR, including disclosures, lests with the Chief
Financial Officer and ultimately with the Mayor and Township Council

Mercadien P,C., Certified Public Accountants, of Hamilton, New Jersey has audited the financial
statements. The auditors are independent registered municipal accountants whose opinion is
expressed in the financial section. The auditors' opinion is unqualified and states that the financial
statements are presented in conformity with the basis of accounting as piescribed by the Division of
Local Government Services, Department of Community Affairs, State of Ness Jersey

GENERAL DESCRIPTION

The I ownship of Ewing is a community of 16 square miles located in Mereci Count), Jersey.
Lawrence and Hopewell Townships border it on the east and the state capital, the City of Trenton,
borders it on the south

The Township was formed on February 22, 1834, coincident with the founding of Mercer County.
Ewing Township was named in honor of Charles Ewing, late Chief Justice of New Jersey,
The Township of Ewing is a predominantly residential community it is home to many State ofNew
Jersey offices, the nationally recognized College of New Jersey, businesses, industries,
owned parkland and golf courses Philadelphia and New York City provide cultural and
ecunomic ccnteis that aie easily accessible via the interstate and a commuter rail station located
within the Township s borders. Air travel is available at the Trenton Mercer Airport also located
within the Township's borders

Approximately 7L49% of the Township is assessed as residential, 27.16% is commercial/industrial,

0.004% is farmland, 0.47% is utility, and 0.88% is vacant.

The Township has long been known for its commercial establishments. These include
restaurants, service stations, grocery stores, banks, and specialty food shops.

GOVERNMENTAL STRUCTURE

The Township of Ewing is governed by the form of government authorized under

Plan E of the Faulkner Act of 1950. This form of government was enacted on January 1, 1995, and
provides for the direct election of the mayor and council, thus providing for the separation of
legislative and administrative functions.

The mayor is elected on a partisan basis to serve a term. The council is comprised of five
members elected on a partisan basis and serving the Township for terms,
Elections are held every two years, resulting in terms of office that overlap ihe mayor does
participate in the meetings of the council and is not a voting member of the elected body.

The business administrator is the chief executive and administrator of the lownship and is
responsible for the operations of the government. The business administrator serves the
mayoi for an indefinite term of office.

SERVICES

Education

The Ewing Township School District serves the Township, which is coterminous with the district.
In addition to the public schools witliiii the district, the Kaizenhach School for the Deal is located in
the Township. Ttheie arc two charter schools located on the Ewing border in the City of Trenton.
Higher educational opportumtiLs are available at The College of New Jersc\, located in the
Township. Rider Princeton University, and Rutgers E nivcrsitv are located within a short
distance.
The Township Council appoints the municipal clerk, who is responsible for keeping the minutes and
records of thL proceedings of the council. The municipal clerk is statutorily responsible for all
elections, TI he Office of the Clerk issues a variety of permits and licenses, including dog licenses and
alcoholic beverage permits.

DEPARTMENT OF PUBLIC SAFETY

The Township provides public safety services through a police force, a combination of paid
and volunteer firefighters, and an emergency medical staff

Police

The police division consists of 81 uniformed officers The police department responded to
approximately 31 ,474 service calls during fiscal year 2008

Fire

Three fire companies service the Township: Prospect Heights Fire Company, Pennington Road Fire
Company and the West Trenton Firc Company The three companies manned by three paid
firef'igliters each and numerous volunteers.

The Township is also served by a paid emergency medical services division which consists of five
emergency medical technicians

ENT OF ADMINIS FINAN CE AND P UBLI C WORKS

TIlie Finance Division is responsible for the collection, disbursement arid investment of all Township
funds and for debt management. The Finance Division also administers the purchases of all goods
and services, assists in the preparation of the municipal budget and provides for the annual audit of
all Township financial records

New Jersey Bond I aw authorizes indebtedness for all local units the amount of which is limited by
statute not to exceed 3 '/2 percent of the average equalized assessed valuation of the prior three years.
As of June 30, 2008, Ewing Township's debt percentage was 0 74% The Township of Ewing has a
debt rating of"A3" from Moodys.

The Tax Collection Division is acLountahle for the billing and collection ofproperty taxes and sewer
charges. The Tax Assessment Division is responsible for the valuation of property and for defending
the TI O\\ position with respect to tax appeals filed.

3
In 2008, the Tax Assessor and Tax Collector were responsible for assessing and collecting revenue
from approximately 11,635 properties.

Public Works

The labor force of the Division of Public Works consists of separate road, sanitation, recreation,
maintenance and building crews. The strength of these crews is that Ewing Township can provide
many services to the community with its own personnel n ithout hiring outside contractors

During fiscal year 2008, the road crew resurfaced and patched miles of local Township roads. The
samtation crew, one of the few in the State of New Jersey, is responsible for the pickup and disposal
of solid waste for all residences and businesses. The recreation maintenance crew services the
numerous parks and facilities located throughout the J'ownship. The building and grounds crew
maintains the municipal complex and constructs and repairs municipal buildings and facilities

DEPARTMENT OF COMMUNITY SERVICES

Health

2 he Division of Hcalth enforces the state and local health codes, '1 his division is responsible for
inspecting retail food establishments and environmental health inspectiuns As a service to the
Township residents, the health staff offers cholesterol and blood pressure screenings, health
education, child and adult health services, flu vaccines, and communicable disease control. In fiscal
year 2008. the Di\ ision of Health conducted approximately 788 inspections and administered more
than 2,600 immunizations for infants, children and adults

Employees of the Division olHcalth staff the Ewing Animal Shelter. This facility is dedicated to the
care and well-being of the animal population in the Township Adoption and drop-off services are
Provided

Recreation

The Division of Recreation is responsible foi the planning and coordination of sporting and other
recreational activities for all age groups within the The fees collected for the various
activities support the operations of this division. A iecreatiou commission comprised of 2 ownship
residents governs the progi ains administered by the Division of Recreation, During fiscal year 2008,
the Division of Recreation handled over 1,989 participant registrations.

4
 C itizens IC ommun it C en ter

The Ewing Community Center is a fulUservice center offering daycare and recreational activities foi
children, as well as for the senior population of the community. During the summer, the pool
accommodates neighborhood children, as well as camps The County of Mercer has a nutrition
center, a daycare facility and a satellite branch of the Mercer County Library on site at this location.

DEPARTMEN1 OF ECONOMIC AND COMMUNITY DEVELOPMENT

The Township of Ewing is continuing to grow and develop as guided by its Master Plan. The
Township approved the revised Master Plan in February 2006.

1he current issues in the area of development consist of General Motors, the Naval Air Propulsion
Center, and the Bloomherg Property, Most of these sites are prospective developments of offices and
mercantile endeavors. Expansion of strip shopping centers were approved for Marazzo's and Barry
Ranke's properties, both located on Parkway Avenue, directly across from the General Motors site.
The MaraLzo's property is under construction. New developments, either approved or nearing
approval by various boards, are Sold Inc., a residential townhouse complex located off
Bear Tavern Road and Scenic Drive, and American Properties' "The Jefferson" residential
properties, mixed between condominiums, apartments and Mount Laurel units. The Blooniberg
Property was sold to Opus, Inc., and plans were approved in the spring of 2006.
Groundbreaking occurred in August 2006 and has progressed steadily to include the current
corporate headquarters of Computer Associates.

We reviewed our land development requirements for reconsideration of construction on undersize

lots, and an oidinance was passed addressing the floor area ratio on residential lots.

Construction

The Division of Construction is responsible for enforcement of building codes, as regulated by the
State of New Jersey's Uniform Construction Code. We have issued combined permits
(building, fire, plumbing, electrical, elevator, and rnechamcah We ha\c also issued 2,033
Certificates of Occupancy (' C 0 's"). C 0 's vveri issued to Mountain View Office Park on Bear
Tavern Road, Central Baptist Church on Pennington Road, Hilton Realty on Silvia Street, Trenton
Country Club on Sullivan Way, American Properties on Masterson Court, Spring Meadow Estates
on Sundew Way, Levin Management on Spruce Street, Pennmark on Scotch Road, and Campbell
Builders on Devon Avenue, all for various construction projects and renovations
Fire Prevention

The Division of Fire Prevention is responsible for the enforcement of the fire safety codes, as
adopted by The State of New Jersey, Division of Fire Safety, for existing buildings. By ordinance
for council's adoption, all commercial establishments are inspected at least once per year, and certain
establishments capable of posing life hazards are inspected four times per year. The division is
currently inspecting all restaurants four times per year to prevent problems with grease accumulation
on hoods and grills and blocked or locked exits, At the request of the State Division of Fire Safety,
off inspections for fire violations were conducted for all restaurants, nightclubs, and taverns.
We have conducted over 3,357 inspections. With the prospectixe passing of the
ordinance requiring all commercial buildings to be our workload has increased, as we
now inspect all hazard buildings, nursing homes and daycare centers four times a year.

The Division of Housing is responsible for inspections of all buildings being resold and all
commeicial properties expenencing tenant turnover. We had an increase in workload, due to
ordinances requiling annual registration and inspections for all residential units, with the exception
of apartment complexes

We conducted over 709 property maintenance inspections for rental properties during fiscal year
2008 For the fiscal year 2008 there are 633 resale properties in the township.

Economic Condition and Outlook

Along with the continued growth in the office, retail and commercial environment, the ownship ol
1

Ewing is faced with the future development of the last three large tracts of land within its boundaries.

'The General Motors plant has been razed, and the site will be slated for redevelopment once
remediation is completed. The Township of Ewing has been in direct contact General Motors
to ensure appropriate planning and the best use for the property. Also, a community study
has been undertaken to ensure that the parcel is developed in accordance with the needs of the
community at large. The Department of Environmental Protection and General Motors have
identified remediation costs to be in excess of $22 million

Across the street, the Naval Air Propulsion Center is primed for development as well, with the two
final parcels having been sold

The largest available tract is the I 09-acre Atchley Formerly known as the Bloomberg
Property, this tract was sold to Opus, Inc This land will be home to Princeton (orporate Park at
Ewing, which will he anchored by a Fortune 500 company with 500 employees relocating to Ewing
Township, Computer Associates, with a plan for 740,000 square feet of office space in Phase land a
hotel and four restaurants

6
Finally, the Olden Avenue business district has enjoyed significant improvements over the past two
years. Some of the completed or planned improvemenis arc as follows: one of the Township's
largest shopping centers continued in expand, Colonial Cadillac had an expansion of and
dealeiship facilities, construction of two selhstorage buildings on Prospect Strect commenced in
fiscal year the Kuhn & Jacobs building and the Hibbert Printing building were declared a
redevclopment zone, and transactions were initiated to develop an artist's loft and community and to
build a new animal shelter replacing the existing shelter; construction began in fiscal year 200O on
the Grace Cathedtai Church. Mercer Wrecking completed its consti action of a recycling center on
Hcakes Street; 831 Parkway Avenue was demolished, and plans were submitted for a complete
redevelopment; and the Parkway Avenue shopping center saw the compktion of the Rite
Aid building in 2006 and is still expanding. All these improvements will pioride a
boost tu Ow efforts Agency. which is wru king hard to pror ide Olden A\ enuc
with a solid identity thioughout Mercer County

Overall, the economic outlook for the Township of liwing is a favorable one. The commercial
growth in our business parks, along with the i1wck tui nover o freal pioperty sales, has established the
'Township as a viable asset to Mercer The next years will he critical from a development
and tax stabilization perspecti\e, as the Township attempts to iegain what it lost to suiroundmg
communities in the last two decades

Dai id W. 3 liompson Joltn P. Ban elf

Business Administrator 13 naru' ml Offler

7
 ELECTED OFF1CIALS

Jack Ball Mayor

Bert Steinmann Council President
Joseph Murphy Council Vice President
Les Summiel Council Person
Don Cox Council Person
Kathy Wollert Council Person

MUNICIPAL OFFICIALS

David \V. Thompson Business Administrator

Stephen W. Elliott - Municipal Clerk
John Barrett - Chief Financial Officer/Director of Finance
Theodore Forst Director olCornmumty Services
Robert Coulton Chief of Police
Roger Haley Municipal Court Judge
Maryann ZehI Court Administrator
W. Allen Lee - Health Officer
Thomas Hespe - lax Collector
Jeff Burd - Tax Assessor
William Erney - Construction Official

8
 CONSUl I ANI S AND ADVISORS

AUDITORS

Mercadien, Certificd Public Accountants

Road
hamilton, NJ 08619

ATTORNEY

Michael F Hartsough
3812 Quakerhridge Road
Hamilton, NJ 08619

BOND COUNSEl

Parker McCay
Three Greentree Centre
7001 Lincoln Drive West
Pfl Box 974
Mariton, NJ

CONSUL1[NG LNGINEERIPLANNER

CMX Lngineering
200 State Highway Ninc
Box 900
Marialapan, NI

9
 MERCAEhEN, PG
I

A Gioup

INDEPENDENT Al DI]ORS' REPORT

The Honorable Mayor

and Members of the Towiiship ( ouncil
'I ownship of Ewing
County of Meicer New Jet sey

We have audited the accompanying financial statements of the vat ions funds of the
Township of Ewing. Slate olNew Jersey (the "Township") as of June 30, 2008, as listed
in the table of contents. These financial statements are the responsibility of the
lowuship ol Ewing, Stale of New Jersey's management Our responsibility is to
express an opinion on these financial statements hased on our audit. The prior year
summariLed comparative infbrination has been derived from the I ownship's 2007
financial statements and. in our ieport dated March 31, 2008, we expressed an opinion
that such financial presented fairly, in all niatenial respects, the financial
position oithe 1 ownship as of June 30. 2007, in conlbrmitywith the basis olaccounting
in Note A.

We conducted our audit in accordance with auditing standards generally accepted in the
mted States of America. the applicable to financial audits contained in
(ioiuell,ne,li 5to'ului'ds issued by the ('oinptroller General of the United
States and the audit iequlicnients prescribed by the Division of Local tioveniment
Scr\ ices. l)cpanlment ot Community Affiuirs, State of New Jersey. Those standards
require that we plan and penftwmn the audit to obtain reasonahle assurance about whether
the financial statements are lice ot'matenial misstatement. An audit includes examining,
on a test basis, evidence supporting the amounts and disclosures in the financial
PENNSYLVANIA OFFICE: slatenments An audit also includes assessing the accounting principles tised and
86 BucK ROAD
significant estimates made by management, as well as evaluating the overall financial
HELLANO, PA 18966
IDE 215-355-4860
statement presentation. We believe that our audit provides a reasonable basis for one
FAX 215-825-8110 opinion

CPA USA NETWORK As described in Note A, the Township prepares its financial statements on a basis of
AMERICAN INSTITUTE OF
accounting prescribed the f)ivision of Local Government Sen ices, Department at'
CERTIFIED PODLIC ACCOUNTANTS
C'onimunity Affaus, State of New Jersey, which is a compreliensise basis of accounting
NEW JERSEY SOCIETY OF
other than accounting principles generally accepted in the United States of America,
CER1IFIEO POEUc ACCOUNTANTS
These prescribed principles are designed primarily for determining compliance with
NEW YORK SOCIETY OF
legal pros isions and restrictions as a means of reporting on the stewardship of
CERTIFIED PUBLIC ACCOUNTANTS
public officials with respect to public funds. Accoidingly. the accompanying financial
PENNSYLVANIA iNSTITUTE OF
statements are not intended to present financial position and results of operations in
CERTIFIED PUBLIC ACCOUNTANTS
accordance with accounting principles generally accepted in the United States of
PRIVATE COMPANIES PRACTICE SECTION
A.meri ca.
CENTER FOR P0ELIc COMPANY AUDIT FIRMS

REGISTERED WITH THE PCAOB

P. Box 7648 Princeton, NJ 085437648 609.689.9700 Fax 609.689.9720 10
INDEPENDENTLY OWNED MEMBER OF THE
www.mercadien.com
RSM MCGLADREY NETWORK IE:I
 INDEPENDEN1 AUDITORS REPORT (CONTINUED)
In our opinion, because of the llownship of Ewing, State olNew Jersey's policy of preparing its
financial statements on the basis of accounting discussed in the preceding paragraph, the financial
statements referred to above do not piesent fairly, in conformity with accounting principles generally
accepted in the United States of America, the financial position of the various funds of the Township
of Lwing. State of New lersey, as of lunc 30. 2()OS and the results of their operations for the year
then ended.

However, in our opinion, the financial statements present fairly, in all material respects, the financial
position of the various funds of the 1 ownship of Ewing, State of New Jersey as of June 30, 2008,
and the results of their operations for the year then ended in conformity with the basis of accounting
in thc notes to the financiai stateineiits

In accordance with Government we have also issued our report dated I ebruary
17, 2009, on our consideration of the 1 of Ewing's internal control over financial reporting
and our tests of its compliance n ith certain provisions of laws, regulations contracts and grant
agreements and other niatteis The purpose of that repoit is to describe the scope of oui testing of
internal control ovei 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. 1 hat report is
an integral part of an audit periormcd in accordance with Government Auditing Standards and
should be consideted in assessing the' results of our audit

Our audit was performed for the purpose of forming an opinion on the financial statements taken as a
whole. The accompanying suppl eniental information presented in the "Supplemental Schedules
section is presented as additional analyticdl data for purposes of the requirements set
forth by the Di\ision of focal (roverninent Serr ices and is not a requued part of the basic financial
slaiemenls The supplementary dald has been subjected to the auditing procedures applied in the
audit of the financial statements and in our opinion, is fairly stated, in all matenal respects, in
relation to the financial statements taken as a whole on the basis ol accounting desrrihcd in the notes
to the financial statements,

1 he statistical section on pages 66-69 is rot a required part of the financial statements hut is
supplementary information required by the State of New Jersey. We have applied certain limited
piocedures. which consisted principally of inquiries ol management regarding the methods of
measurement and j)reseiitatioil of the supplementar) inforniatmoim. However, we did not audit the
information and express no opinion on it

V
Eugene J Elias, CPA
fi egistered \4 unicipal Accountant
License No 505

MER( ADIEN, P,C.

CERI IF lED PUBLIC ACCOUNTANTS
F ebruary 17, 2009

11
 t
MERCAdIEN,RC.
I

V %iercad,cn

INDEPENDENT AUDITORS' REPORT ON INTERNAL CONTROL OVER

FiNANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS
BASED ON AN AUDEI OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH (JO I 'ERNMENT A LIDITING STANDARDS

The Honorable Mayor

and Members of the Township Council
ownship of Ewing
County of Mercer, New Jersey

We have audited the financial statements of Township of Ewing, State olNew Jersey
(the "Township') as of and for the year ended June 30, 2008, and have issued our report
thereon dated Fehruaiy 7, 2009. We conducted our audit in accordance with auditing
1

standards generally accepted in ihe United Stales olAmenca, the standards applicable to
financial audits contained in AudituigSiandarcls. issued hythe Comptroller
General of the United States. the requirements prescribed by the State of New Jersey.
Department ofCoinmunity Affai is, Division of Local (Joverrniient Sers ices and State of
New Jet sey 0MB Circular Letter 04M4

As noted in the Independent Auditors' Report, the accompanying financial statements

are not intended to present financial position and results of operations in accoidanee
with accounting principles uencially accepted in the United States of America,

Internal Control Over Financial

In planning and performing our audit, we considered Township of Ewing, State olNew
PENNSYLVANIA OFFICE: Jersey's internal control over financial reporting as a basis for designing our auditing
86 BOCK ROAD
procedures for the purpose of expressing our opinion on the financial statements, hut not
HOLLAND, PA 18966
TEL
for the purpose of e\prcssing an opinion on the effectiveness ot'the Township's internal
215 control over financial reporting. Accordingly, we do not expiess an opinion on the
cifecuveness of the Township's internal control over financial reporting.
CPA USA NETWORK

AMERICAN INSTITUTE OF A control deficiency exists when the design or operation of a control does not allow
CERTIFIED POETIC ACCOUNTANTS
management or employees, in the normal course of perlhrming their assigned functions,
NEW JERSEY SOCIETY OF
to prevent or detect unsstatcments a timely basis. A significant deficiency is a
CERTIFIED PoEUC ACCOUNTANTS control deficiency, or combination of control deficiencies, that adversely the
NEW YORK SOcIETY OF
entity's ability to initiate, authorize, iecord. process, or report financial data ieliablv in
CERTIFIED PUDLIC ACCOUNTANTS
accordance with accountiiw principles generally accepted in the United States of
PENNSYLVANIA INSTITUTE OF
America such that there is men e than a reniote likelihood that a misstatement of the
CEETIFIED PUDLIC ACCOUNTANTS
entity's financial statements that is more than inconsequential will not he prevented or
PRIVATE COMPANIES PRACTICE SECTION
detected by the entity's intern al control.
CENTER FOR PONLIC COMPANY AUDIT FIRMS

PCAOB
REGISTERED WITH TOE
P.O. Box 7648 Princeton, NJ • 6096899700 Ox 609.689.9720
AN INDEPENDENTLY OWNED MEMUER OF TEE www,mercadien,com
RSM MCGLADREY NETWORK (.I)VR:.R (, T(.) TI IEI CoMMu N
 INDEPENDENT REPORT ON INTFRNAL CONTROL OVER FINANCIAL
REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASFD ON AN AUDiT
OF F INANCIAL Si ATEMENTS PERFORMED IN ACCORDANCE WI [H GOVERNM EN I
AUDITING STANDARDS (CONTiNUED)

internal Control

A material is a significant deficiency, or combination of significant deficiencies, that

results in more than a remote likelihood that a material misstatement of the financial statements will
not be prevented or detected by the internal control.

Our consideration of internal control over financial reporting was for the limited purpose described
in the first paragraph of this section and would not necessarily identify all deficiencies in internal
control that might be significant deficiencies or material weaknesses We did not identify any
deficiencies in internal control over financial reporting that we consider to be material eaknesses,
as described above We did identify a control deficiency that we determined did not constitute a
significant deficiency or material weakness and is referenced in a SAS 112 letter to management.

As part of obtaining reasonable assurance about whether the ownship of Ewing, State of New
Jersey's financial statements are free of material misstatement, we performed tests of its compliance
with certain provisions of regulations, conti acts, and grant agreements, noncompliance with
which could have a direct and material ellect 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 such an opinion The results of our tests disclosed
instances of noncompliance or other matters that are iequired to he reported under Government
Auditing Standards and which are described in the accompanying schedule of findings and
recommendations as items 2008-01 through 2008-03.

This report is intended solely for the information and use of the Honorable Mayor and members of
the i ownship Council. others within the municipality and federal and state awarding agencies and
pass-through entities and is not intended to he and should not be used by anyone othet than those
specified part les

Eugene I Elkis, ('PA

Registered Municipal Accountant
License No, 505

MERCADIEN,
CERTIFIED PUBLIC ACCOUNTANTS
February 17, 2009

13
flNANCIAL STATEMENTS
 _______________ ______________

FOWESHIPOF EWING

COUNTY OF MERCER

COMBINED SIA FEMEN r OF ASSETS, LIABILITIES, RESERVES AND FUND BALANCE ALL FUND AND ACCOUNT GROUP

STATUIORY BASIS

JF NE 30 2008

(with comparative totals for 2007)

I otals
( r,,nt & Fixed Assri \Ieniui anilL p Onk
Ci,int unth Capital Fund Trust Funds Account Group 6 30 1', 63(0

ESSE[S AND OFHER DLBITS

1
11 8 S 3 S $ 19,063 1 c4.3 810 1)55 P653
Cash S I 351,438 4 4,806 670.
648 08319 0 (i 142.62
htcigovLinmental Receisabk 648 083 19

Fedeia and State Grants Receis ihle 3,232,435 55 287 292 00 3,5 19,727 53 1,383.32

Rec isables and Other Assets

Delinquent Taxes 52,223.94 52,225.94
6,346.69 - 6,3466) 17,62 64
Sewer Fees
- 331 11689
LeaseProgramReceivable
282, 5260 282,752.60 10
I I iens
)65,600 00 - 965 600 00 963,600 00
Piopert Acquired for Faxes
- 5,115 35
Municipal Sen ices Not Billed
Other Assets 22,991 05 18,387.31

Interfunds Receivable 788,995.93

Deferred Charges 23426516.00 - 21,523,116.00 26 87

Fixed Assets - 27,219,98707 27,219,98707 27,2l9,98.0

818,612,080.13 $ 24,665,246.47 $ 4,806,6'0.73 S 27,219,987.07 $ 75,303,98440 878,841,50963

See notes to C iruic al statements

 TOWNSHIP OF F WING

COt NTY OF MERCFR

COMBINED S [A LLMEN't OF ASSETS [1 yBILITIES, RESERVES AND Ft ND BALANCE ALL FUND TYPES AND ACCOUNT GROUP ((ON FINULD)

SIAFUFORY BASIS

JUNE 30, 2008

(with comparatise totals for 2007)

Tot,' Is
Cui rent & F,ved Asset \I.' ioian luni (in
Capital Fund Trust Funds Account Group 6 "(1 itS 6 30
Grant Funds

I IABII II IFS, RESERVES AND FUND BALANCE

S 679,309.3t) S S S 6 9,309 3( S (83,655.06

\ppropnation Reserves
Federal, Sta e and Other Grants
3.488,OiO 95
Appropriated Resci es 2,15 ,705 55
- 14,34062
Unaporopriated Reser\ '5

49 158 358 4,806,670.73 7,938,621 7) 6,036 192 74

I a'i)
1,908,833 1,5 6,15555
Improven ents Authoriiations
- 'S8,995 93
Interfund Payable
18,289,000 Of) 18,289,1)0000 20,639,100 O(
Serial Bonds
807,50000 51)' Nl000
Bond Anticipation 807,50000
8,OIc 76000 S (1(10(101)60
lax Anticipation Note, 8015, 6000
9660000 66,6(iii itO 128,80001
"pesicl [mci Notes Payable
555 12"OO 675, 7800
3 'usi I
ru Payable 555,127.00
2,824 889 00 - 2,824,889 0) 3 021,67(1 00
NJ F its ii onnient il Infrastructure Ti ust Fund Loin Payable
Reser\e for Receivables and Other Assets 1,53),9l6 28 1,539,91628 2,314,84765
In' n Fixed Ass7is 27.219,98707 27.219.987.07 27,219 987
C apital Impros ement I un 1 12500.00 - 12,500.00 12,501)00
I und Balance 3,149,196.51 109.03903 3,255,235 54 3,455 656.06

$ 18,612,080 13 S 24,665,246.47 $ 4,806 670 73 527,219.987 07 $ 75,303,98440 578,841.709 63

See notes to finarcial statements

 TOWNSII P 01' [WiNG

((3 N!YOI MIRCIR

S [A] LM1 NT OF RLVFN('FS [XPI ND! 1, RES SND (HANG! S IN I [ND BA! \N( I Si All TORY BASIS

BUDGI'! AND/C] AL C URRLNT [3 ND

uSC YL6P ["DID R "F '°08

Budgct as Mod Pied (dual Variance

RLVF\' 1

laid ltalat,ei. Stitisil, tied S 1 711,928.0(1 5 1 32800

St, t,itu,',us iCe ,eime 8,0! 952 7 840] 130 3 383 61)696
Stale \td without Ofisetttng \ppropnautons 5, 72 431 55 15 7 431.55
Spccial lIen, oitli Offsetttttg Apprcpnattott 3 033 83505 303 835.05
(p a lisms with C onsent of tlte Director
i 4 17 38633 4(101 t i'd (iOU (2)
Iieeetpt hoot Delittqueitl I axes 0(1000
141 77 tsj tt4 list 618901
Aita,nnt It Be Raised by 1 axcs Hi Support of Municipal Budget 16 493 020 1) 1 40o 01] 481108

I otal Budget Rescitue 48947 12 46 0005 993 5 1 05886806

OtIter (redti to It cot ,e 64 353 16 264 95 78

I otal Resenut,s 48,94 12 46 50270,94 28 1 32 21 82

[API ND!II Cl
Bud et sod I mergetsc7 \ppi tations
Appropi talons a ohio "C 'S 'S Operation
sud ssain. 152901810(3 5290181 0)
Othsr e ps ise 5 85018.0(1 5, 850 803
Deferred (hat'w., and Statu0 Lxpend tore Municipal
'xpendtturc Mutitcipa within C A° 1, (591(87 L305 9108
t,.twts,, I laded from "C
Opet anon
Salarte atid ssa"e 66521500 665 1500
Other cx[eitse 21,094,01496 092! 3 9 9 075
"I 'ttal
ltttt't ' ,twttl 3,000 00 0 000 00
butt' p,1 Detit Set od ,740 6.4' 21 ,'66 35 1 610(9
ut! Ia 30972 .16 33927 16
Deferred I ltjr'x Lsc lad el Ir i 'C (PS 70( 6220) 06622.00

total Bud ct F pci di nrc 4894 12548 48 56,439 80 19068566

Fxcc s of Revs ines oscr L penditures 5 51,7 450 .48 5151450748

Statuicry I sea to Fund !talancc 5 15145(748

Fund Balan 'c Juts 200 3 4661703

4861 1 451

Dectea ed by 1 0! zatic n n F V 2(308 Hi dpet I

lund B ilanec Inn 20 8 F . 149 19651

See notes 1 financial tateinents 16

 TOWNSHIP OF I WING

(O1,N'IYOI MIRCFR

STAIFMFN1 Of RFNENUFS, I XPFNDI'IL RLS AND CHANGES IN FJJND BA1 ANCE

SIAI1. 1ORY BASIS (URRLNI FUND

FISCAL YLAR LNDED JUNF 30, 2008

REVENUI: S
lund Balance ipaled S 1,711,928.00
Shscellancms Rcs cnues 8,403,13073
State Aid without Off 15,372431 55
Special ltenis ith 3,033,SH us
Special Items scish onsent of thc Direetui
C 4,Ouu '17

Receipts from Delmquent Taxes 77,3r11 04

Amount to Be Raised by laxes for Support of Municipal Budget 17,406,50078

I otal Budget Revenues 50,005,993.52

Other ( redits to Income 264,953.76

Total Revenues 50,270,947 28

EXPLNDI'I URES
Budgel and Lmergencv Appi opi iations
Appropriations within "C AN" Operations
Salaries and wages 15,290 181 00
Other 00
I ietcrrcd (haigcc and Statutory I xpcnditures Municipal Lxpenditures
Municipal within "( APS' 1,305,91087
Appropiiations Excluded from "CAPS"
Operauons
Salaries and wages 665,215.00
Other expenses 20,921 939 39
C apii al Inipn c enient— 50,000 00
rslunrcipal Debt Service 3,721 766 38
Reserxc Cm I '1 axe,
nc.ollected 309,727.16
Defeirccl Chaigc' Municipal I'xcluded from "CAPS' 706,622,00

I otal 1 xpenditures 48,756,439 80

Excess of Rex enues over Expenditures 1,514,50748

Fund Balance July 1 200 3,34661703

4861,12451

Decreased by
Utili/ation in FY 2008 Budget 1,711,928.00

fund Balance June 30, 2008 S 3149 196 51

Sec notes to financial 17

NOTES TO FINANCIAL STATEMENTS
 TOWNSHiP OF EWING

MERCER COUNTY, NEW JERSEY

NOTES TO FINANCIAL STATEMENTS

A. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reporting Entity
The financial statenients of the Township of Ewing (the "Township") include cry board, body,
officer or commission supported and maintained wholly or in part by funds appropriated by the
Township of Ewing, as required by N J.S. 40A 5—5 However, the operations of the Municipal
Library, Board of Fducation, first aid organizations and volunteer fire companies or fire districts
are not included in the financial statements

Description of Funds
The accounting policies of the nship of ing conform to the accounting principles applicable
to municipalities which have been prescribed by the Division of Local Government Services,
Department of Community Affairs, State of New Jersey. Such principles and practices are
designed primarily for determining compliance with legal provisions and budgeting restrictions and
as a means of reporting on the stewardship of public officials with respect to public funds Under
this method of accounting, the Township of accounts for its financial transactions through
the following separate gox cr1 nental finids,

Current Fund resources and expenditures for governmental operations of a general nature,
including lederal and State grant funds.

Trust Fund receipt, custodianship and disbursement of funds in accordance with the purpose for
which each reserve was created.

General Capital Fund receipt and disbursement of funds for the acquisition of general capital
facilities other than those acquired in the Current Fund

Basis of Accounting
The accounting principles and practices prescribed for municipalities by the State of New Jersey
differ in certain respects from accounting principles generally accepted in the United States of
America applicable to local government units The significant differences primarily relate to the
cash basis for recognition of revenue, the recording of appropriation reserves in connection with
expenditures, the liability for unused compensated absences, and general fixed assets

A modified accrual basis of accounting is followed with minor exceptions. Modifications from the
accrual basis are as follows

Revenues are recorded when received in cash, except for certain amounts that are due from
other governmental units. Receipts from Federal and State grants are realized as revenue when
anticipated ui the Toss nship budget ables for taxes are recorded ith offsetting
resei yes on the balance sheet of the I ownship's Current Fund. Accordingly, such amounts are
not recorded as enue until collected OthLr amounts which are due to the Township are also
iecorded as rccei\ables olisetting ieserves and are recorded as when received

18
 fOWNSFIIP OF EWING

MERCER COUNTY, NFW JERSEY

NOTES 10 FINANCIAl STATEMENTS

A. SUMMARY OF ACCOUNTING POLICIES (CONTINUED)

Basis of Accounting (Continued)

Investments are earned at cost, Purchases are limited by New Jersey Statute 40A:5-l5.I to
bonds or obligations of the Federal government guaranteed by said government and bonds or
other obligations of Fedei al or local units having a maturity date not more than twelve months
from the date of purchase.

Expenditures are recorded on the basis of accounting. Generally, expenditures are

recorded an amount is encumbered for goods or services through the issuance of a
purchase order in conjunction with the Encumbrance Accounting System. Outstanding
encumbrances at June 30 2008 are reported as a cash liability in the financial statements and
constitute part of the 1 statutory Appropriation Reserve balance. Appropriation
ieserves covering unexpended appropriation balances are automatically created at the end of
each year and are recorded as liabilities, except for amounts which may be canceled by the
governing body. Appropriation reserves are available, until lapsed at the close of the
succeeding year, to meet specific claims, commitments or contracts incurred during the
preceding fiscal year. Lapsed appropriation reserves are recorded as income. Appropriations
for principal payments on outstanding general capital bonds and notes are provided on the cash
basis, and interest on general capital indebtedness is on the cash basis.

Foreclosed Pioperty Foreclosed property is recorded in the Current Fund at the assessed
valuation at the time such property was acquired. The balance of foreclosed property is fully
reserved,

Interfund receivables in the Current Fund aie recorded with offsetting reserves; interfund
payables arc created by charges to operations. Income is recognized in the year the receivables
are liquidated. Intcrfund receivables in other funds are not offset by reserves.

Inventories of Supplies The cost of inventories of supplies for all funds is recorded as an
expenditure at the time individual items are purchased. The cost of inventories is not included
in the various fund balance sheets.

General Fixed Assets In accordance with Technical Accounting Directl\ e No. 85-2 as
amended (CFO 96-13 -Local Finance Notice), A ccountlng for (ioverninental Fixed Assets, as
promulgated by the Division of Local Government Services, which differs in certain respects
from accounting principles generally accepted in the United States of America, the Township of
Ewing is required to have and maintain a fixed asset and reporting system for non-expendable
personal property with an acquisition cost of S 1,000 or more pci unit and a useful life of five
years or more

19
 TOWNSHIP OF FWING

MER( ER COUN1 Y, NFW JERSEY

NOTES I'O FINANCIAL S1ATEMENTS

SUMMARY OF SIGNiFICANT ACCOUNTING POLICIES (CONTINUED)

Basis of Accounting (Continued)

Fixed assets used in governmental operations (general fixed assets) are accounted for in the
General Fixed Assets Account Group. Public domain general fixed assets
consisting of certain improvements other than buildings, such as roads, bridges, curbs and
gutters, streets and sidewalks and drainage systems, are not capitalized.

For the classification of land, buildings, and other improvements, actual cost was used. With
respect to machinery and equipment, actual cost was used whenever possible. However, a
significant number of items were valued at their estimated or replacement costs, since the
original costs were not available, No depreciation is provided for in the financial statements

Expenditures for construction in progress are recorded in the Capital Funds until such time as
the construction is completed and the related asset is placed in operation.

Fixed assets acquired through grants in aid or contributed capital have not been accounted for
separately.

It is the policy of the Township not to capitalize interest cost on fixed assets constructed.

Budgets are adopted on the same basis of accounting utilized for the preparation of the
financial statements.

Reserve for Uncollected Taxes represents an appropriation made to allow total current tax
billings to be levied at an amount greater than the appropriations needed. Reserve for
Uncollected axes is not recognized under accounting principles generally accepted in the
United States of America.

Memorandum Only — Total Columns

Total columns are captioned "memorandum only" to indicate that they are presented only to
facilitate financial analysis. Data in these columns do not present financial position, results of
operations or changes in financial position in conformity with accounting principles generally
accepted in the United States of America, nor are such data comparable to a consolidation
Interfund eliminations have not been made in the aggregation of this data.

Comparative Data
Comparative total data for the prior year have been presented in order to provide an understanding
of changes Ofl the Township's financial position and operations. However, conlpaiative data have
not been presented in each of the statements since their inclusion would make the statements
unduly complex and difficult to read.

20
 TOWNSHIP OF EWING

MERCER Y, NEW JERSEY

NOTES TO FINANCIAL STATEMENTS

B. CASH

Cash includes amounts on deposit, petty cash, change funds, and short-term investments with original
maturities of three months or less.
Deposits were with contracted depositoiy banks in interest-hearing accounts that crc insured under the
Neis Jersey Governmental Unit Deposit Protection Act All such deposits are held in
the name
NJGUDPA permits the deposit of public funds into the State of New Jersey Cash Management Fund or
into institutions located in New Jersey that arc insured by the Federal Deposit Insurance Corporation or
by any other agencies of the United States that insure deposits.
NJGUDPA requires public depositories to maintain collateral for deposits of public funds that exceed
insurance limits as follows:
The market value of the collateral must equal 5% of the average daily balance of public funds; or

If the public funds deposited exceed 75% of the capital funds of the depository, the depository must
provide collateral having a market value equal to 100% of the amount exceeding 75%.
All collateral must he deposited with the Federal Reserve Bank, the Federal Home Loan Bank
Board or a banking institution that is a member of the Federal Reserve System and has capital
funds of not less than

Uninsured and uncollateralized deposits are covered under the unit certificate of eligibility as required
by NJGUDPA.

The carrying amount of the Township of cash ac ofJune 30, 2008, which consisted mainly of
demand and money market accounts, was Of the balance, $400,000 was by
Federal Depository Insurance and $l8,6o3 154 was coveied by a collateral pool maintained by the
banks, as required by New Jersey statutes
InterestRate Risk Interest rate is the risk that changes in interest rates will adversely affect the fair
value of an investment The Township does not have a formal investment policy that limits
investment maturities as a means of managing its exposure; however investments are matched with
anticipated cash flows to minimize interest rate risk,
Credit Risk. Credit risk is the risk that an issuer or other counterparty to an investment will not
fulfill its obligations. The Township limits its credit risk by investing in direct obligations of the
United States government, its agencies oi instrumentalities secured by the full faith and credit of
the government of the United States S. government secunties carry an underlying rating of
AAA by Standard and Poor's and Aaa by Moody's Service Fhe fownchip has no policy
on credit risk however, investments are primal securities guaranteed by the U.S Government. or
Government Unit Deposit Protection Act ( 'GUDPA").
concentration of redit Risk: The Township places no limit on the amount that maybe invested in
any one issuer. Appioximately 94% ofthc '1 ownship's investments arc in obligations of the United
States or its agencies or instrumentalities.
21
 ______________ _______________

TOWNSHIP OF EWING

MERCER COUNTY, NEW JERSEY

NOTES TO FINANCIAL STATEMENTS

C. DEBT

Summary of Municipal Debt

June 30,
2008 2007 2006
General Bonds and Notes
Bond anticipation notes due November 8 2008, at an mterest rate
of 3 70°c annum $ 237,500 5 237 500 $
Bond anticipation notes due November 8, 2008, at an interest rate
3.41% per annum 570,000 570,000
General ohheation bonds due Not ember 2012, at interest
1

rates ranuind hum 4(t) oto 4 82°o per annum 785,000 925,000 1,785,000
General obligation bonds due September 2016, at an interest
1

rate of 4.00°c per annum 9,100,000 9 100,000 9,100,000

General obligation bonds due May 2012 at interest rates
1

ranging from 400% to 4 l25°o per annum 5 989,000 7,489,000 7,889,000

2002 Pension Refunding Bonds, due October 1,2012 at interest
iatec ianginv fioiii 5 25% to 5 50% per annum 735,000 865,000 1,130 000
2003 2(104 Refundinu Bonds due June 1,201), at an interest
rate of 3.50°c annum 1 680 000 2,260 000 3155 000

Green Trust 1 oans

Banchoti Park due Januaiy 20, 2008 at an interest rate of 2
per annum 32723 64,801
Municipal C oinplex Park Development due April 20 2014, at
an interest rate of 2 000 per annum I 62,90( 188,217 213,028
Municipal Complex Park due June 25, 2010, at an interest rate
of 2.0% per annum 37,852 56 220 74,226
\louly Paik lasolmo Field due September25 2021, at an
iStL uI 2 per annum 354 369 38 018 401,2ul

New Jersey Lnvii urtume Imuot Loan due August 1,

2019, at an iiilLi cot rato of pci aniiuin 2,824,889 3,020,670 3,219,168

Total Issued 22 476 516 25122 348 27 031,424

Authorized but not Issued

General Bonds and Notes 95(J,00()

Net Bonds and Notes Issued and Authorized but not Issued $ 23,426,516 $ 25 122,348 $ 27,031,424
 TOWNSHIP OF EWING

MER( ER COUN7Y, NEW JERSEY

NOTES TO F INANE IAL STATEMENT S

C. 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 and indicates a statutory net debt

Gross Debt Deductions Net Debt

Local School District Debt $ 39,865,0(X) $ 39,865,000 $
Other Bonds and Notes 23,426,516 6
$ 63,291,516 $ $ 23,426,516

Borrowing power under N J S A. 40A:2-ô as amended

3 1/2% of equalized valuation basis (municipal) $ 101,984,041

Net debt 23,426,51 6
Remaining borrowing power $ 78,557,525

Net debt of $23,426,516 divided by equalized valuation basis per 40A2-2 of

$3,162,487,534 equals

The is a schedule of annual debt seii ice foi principal and interest on general bonded
debt, Green I rust Loans, and the NJ Environmental Infrastructure rust Loan issued and
outstanding to maturity

Fiscal Year Principal Interest Total

2 Ut )9 S 3 069,785 S 844,256 $ 3,914,041
2010 3,1 81,275 724,178
2011 3,422,940 596,583 4,019,523
2012 1,972,407 412,083 2,384,490
2013 1851,799 351,835 2,203,634
2014-2018 7,542,624 755,807 8,298,431
201 9-2021 628,1XÔ 30,973 659,15Q
S 21,669,016 $3,715 715 $ 25,38&73l

Green Trust Program Loans - The has contracted with the State of New Jeisey,
Department of Environmental Protection for Green Trust Program Loans to fund a portion of tilL
costs incurred in the construction of Banchoff Park, Municipal Complex projects and Moody
Park/Fasolino Field.

23
 OF EWING

MERCER COUN[Y, NEW JERSEY

NOTES TO FINANCIAL STATEMENTS

C. DEBT (CONTINUED)

Summary of Statutory Debt Condition Annual Debt Statement (Continued)

New Jersey Environmental Infrastructure Trust Loan The Township has contracted ith the state
of New Jersey, Department of Transportation to fund a portion of the costs incurred in the
reconstruction of various roads and the stabilization of Shabakunk Creek.

D. BALANCE APPROPRIATED CURRENT FUND

Current fund balances were appropriated and included as anticipated revenue in the succeeding years'
budgets for the past five years as follows:

Utilized in Budget
of Succeeding
Year Balance Year
June 30, 2008 S 'F149,197 $ I ,708,083

June 30, 2007 3,346,617 1,711,928

June 30, 2006 3,220,028 694,000
June 30, 2005 2,337,161 513,625
Junc 30, 2004 2,928,438 591,250

General capital fund balances vvere appropriated and included as anticipated in the succeeding years'
Currcnt Fund Budgets as follows:

Utilized in Budget
of Succeeding
Year Balancc Year
June 30, 20(18 $ 109,039 S
June 2007
30, 109,039
June 2006
30, 109,039
June 2005
30, 98,441 98,441
June30 2004 36,816

24
 I OWN SHIP OF EWiNG

MERGER COUNT Y, NEW JERSEY

NOTES 10 FINANCIAL STATEMENTS

E, PROPERTY TAXES & SEWER USAGE CHARGES

Assessment of Tax
New Jersey statutes require that taxable valuation of real property be prepared by the Township fax
Assessor as of October in each year and filed with the County Board of Tax ation by January 10 of
1

the following year Upon the filing of certi fled adopted budgets by the Township of Ewing, Local
School District and County, the tax rate is struck by the Board based on the certified amounts in
each of the taxing districts Pursuant to statute, this process is to he completed on or before May 3.
with a completed duplicaec of the tax rolls to be delivered to the Township of Ewing Tax Collector
on or before May 13th.

Collection of Tax
Taxes become a lien on property as of January The tax bills are prepared and mailed by thc
1

Collector of T axes of the Township of Ewing in January and July. The January tax
bill, which is payable in equal installments on February 1 and May I, is an estimated bill based on
amounts due to the various taxing districts during the first six months of the calendar year. The
municipal portion of the tax is based on the municipal rate foi the current fiscal year

The July tax bill, which is due in equal installments on August and November 1, represents the
1

actual total tax for the year less the amount billed in January. A complete breakdown of the tax
levy for each taxing district is included on the July bill.

Taxes become delinquent if not paid on the installment dates and become subject to interest
penalties of 8% to 18% of the amount delinquent. if taxes are delinquent on or after April 1st of
the succeeding year, the delinquent amount is subject to "Tax Sale," which places a tax lien on the
property, allowing the holder to enforce the tax lien by collection or foreclosure. New Jersey
property tax laws establish a tax lien on real estate as of January 1st of the current tax year even
though the amount due is not known at that point.

Beginning in January 2001, the Township issued separate bills for sewer usage charges
Pieviously, such charges were included in thc property tax hills. rhe sewer usage charges are
based on the water consumption foi the previous year as reported to the I ownship by the City of
Trenton and arc due on Apnl and October
1 1

F. SCHOOL AND COUNTY TAXES

3 he local school district tax levy for SlY 2008 was $47 210,125.

The tax levy for SFY 2008 for county taxes was $15,893 576.

25
 TOWNSHIP OF EWING

MERCER COUN1Y, NEW

NOTES TO FINANCIAL STATEMFNTS

G. PENSIONS

Employees who are eligible for a pension plan are enrolled in one of two pension systems administered
the Division of Pensions, Department olthe State of New Jersey The state-administered plans
arc: (I) the Public Retirement System and (2) the Police and Firemens' Retirement
System. The dii ision annually chai gcs municipalities and other participating ernmental units for
their respective contributions to the plans based upon actuarial calculations, A portion of the cost is
contributed by the employees The share of pension costs for both plans amounted to
52,l4o,142 and $1,708,609 for the years June 30, 2008 and 2007, respectively. Employees are also
covered by the Federal Insurance C ontribution Act

early retirement pension obligation bonds of $1,745,000 were issued in October 2002, of which
$735,000 and $865,000 was outstanding at June 30, 2008 and 2007, respectively. The regular pension
obligation was funded by the State of Neii Jersey

H UNEMPLOYMENT COMPENSATiON INSURANCE

Effective January 1, 1978, most municipal employees became eligible for unemployment compensation
insurance (N.J.S. 43:21-3 et seq.). The Township had elected to provide a self-insured plan whereby
the municipal cost and employee contributions are deposited in a trust fund from which claims are paid
however, as of April 1, 1994, the Township has discontinued its policy of self-insuring for
unemployment compensation insurance, and all contributions are remitted directly to the State of New
Jersey. Any claims by former employees are prorated for payment based on time served prior and
subsequent to April 1, 1994. Claims totaling $64,895.00 werc paid during the year June 30, 2008.

L WORKERS' COMPENSATION INSURANCE

The Township maintains a self-insurance plan for workers' compensation insurance that is
administered as a trust by an insurance agency An annual current fund appropriation is made to the
trust, and claims are paid from the trust. Intemest earned is also added to the ii ust. As of June 30, 2008,
a reserve for worker's compensation of $162,528.59 was included in the Trust Fund. The 2008
appropriation was $944,850. Claim payments amounted to $494,652.00 net of refunds.

J. PENDING LITIGATION

The Township has been named in several suits. In addition, there are several pending tax appeals. It is
counsePs and management's opinion that any liability resulting from these matters would be covered by
insurance and existing Township reserves.

26
 MERCFR COUNTY, NEW JERSEY

NOTES TO FINANCIAL STATEMENT S

K. GENERAL CASUALTY AND LIABILITY INSURANCE

The Township is selLinsured for both casualty and liability insurance. For the year ended June 30,
2008 claims, net of recoveries, amounted to

L. UNUSED SiCK LEAVE, VACATION BENEFITS AND BENEFITS

[he Township has permitted employees to accrue sick leave pay, which may be taken as time off or
paid at a later date, Each year, a provision is made in the budget to cover the estimated annual cost of
such payments. in 2008, $0 was appropriated. Budget expenditures were $0 in fiscal year 2008.

The Township's policy with respect to unused vacation is to permit employees to carry over such
\ acation for one year unless approved otherwise by the council. The Township's policy with respect to
personal time is to permit police officers to receive the value of all personal time earned but unused in
the year of their retirement per their union contract.

llie total balance of unused sick and vacation time benefits amounted to approximately
and respectively, at June 30, 2008. The total balance of unused personal time benefits
amounted to approximately $263,563 00 at June 30, 2008. Such amounts are not included in accrued
liabilities at June 30, 2008

1 he Township provides health benefits for retired Township employees who served the
Township for 25 or more years, permanent 1 nship employees retired on a disability pension, and
their dependents, pursuant to State of New Jersey Statute Chapter 88. The Township funds the benefits
on a basis At June 30 2008, 94 retired employees were eligible for such benefits.
Expenditures were $1 ,l in fiscal year 2008.

M. COMMITMENTS

The majority of the nship employees are represented through the following collective bargaining
units:

Contract
Bargaining t nit Expuation I)ate
oltnt Junc 30, 2008
* Superior Officers Association June 30, 2008
Workers of America June 30 2008
Mutual Benevolent Association (2 Contracts) June 30, 2008
ML (2 Conli acts) June 30, 2010
1BEW Maiiagcrs and mon To be established

* Currently in Negotiation

27
 TOWNSHIP 01 EWING

MER( ER COUNTY, NEW JERSEY

NOTES TO FINANCIAL STATEMENTS

M. COMMITMENTS (CONTINUED)

County Guaranteed Lease Bank Leasing Series 2006

In November 2006 the entei ed nto three Master or Sublease purchase agreements for the
purchase of various equipment with two sublessor's, Mercer County Improvement Authority and
Commerce Leasing, LL( ('Commerce"). The agreLments range from three to ten years with
maximum purchases of equipment totaling $2,744,605. The Township's budgetary rental payments
for fiscal year ended June 30, 2008 werc $466,897. A summary schedule of rental payments by
fiscal year is as follows:

Junc 30.
2009 $ 466,897
2010 466,897
2011 417497
2012 417,497
2013 195,651
2014 2017 782,604
Total $ 2347,043

N. DEFERRED CHARGES TO BE RAISED IN SUCCEEDING BUDGETS

Certain expenditures are required to be deferred to budgets of succeeding years. At June 30, 2008, the
following deferred charges are shown on the balance sheets of the various funds,
Balance to
Balance 2009 Budget Succeeding
June 30, 2008 Budgets
Special Lmergency Authorization 5 Year $ 90,600 00 $ 32,200 00 S 64,40(iou

A special emergency note was issued to fund the abo\ expendituns. The special eiiiergency notes
c.

payable is included as a current hind liability and is being repaid the 5 yeai period

0. lAX ANTICIPATION NOTE

The Township issued a tax anticipation note on May 9, 2008 in the amount of $8,015,760 at an interest
rate of 2.50% per annum, which was due on October 24, 2008. This amount was paid in full on October
24, 2008

P. SUBSEQUENT EVENT

On November 5, 2008 the Township issued a bond antit'ipation note in the amount of $1,757 000,
expiring November 4, 2009.

28
SUPPLEMENTAL SCHEDULES
 TOWNSHIP OF EWING
A
COUNTY OF MERCER

CURRLN'I FUND

STATEMFN'TS OF ASSE1S, I IABILFTIES AND FUND BALANCF

STATUTORY BASIS

June 30
2008 2007
AS SF IS
Current Fund

Ca h and Equivalents 8 1274708721 $ II 687,26L38

lntei governmental Receivables
Due from State of New Senior Citiiens and Veterans Deductions 438,083 19 466,042.62
aid Othci orb Gill Rcser
Delinquent Propcitv I axes Receis able 52 225 94 76,123 10
A 6 6,346 69 1762764
lax l'itle Li, us Rcceis able 282,752.60 253,691 30
Bad ( lien. Recus able 22 )91 05 1775231
Muiiu pal ices Not Billed Reccis able 511805
Due from State of New Jeiscy 210 00000 210 000.00

Property Acquired foi Taxes, Assessed Valuation 965,600 01) 965 (00 00
lntci fund Accounts Receivable
Developers Pert orrnance & Inspecti w 1577969
Recieation Commission 1,29824
OfEDuty Trust
Capital Fund 229 493 47
Collectoi s 1 rust 001
Payroll trust 43 073 23
SelClnsuiance 1 rust 3 84E58

Dedication C oi sti uction 474,435 96

Other Irust 1 008 07

lotal Receivables and Other Assets with Full Reserves 1,539 9lC28 2,314,84765

Dcferrcd Charires
Overexpenditure 12293987
Deficit in Operations 674 42200
Special Lmcigency 5 Ycai 96,600 00 128,80000

Total Dcfcried Chaiges 96, 600 (>0 926 16181

14821 15394,31352

Federal and State Giant Fund

Cash V'7,sb' 78! 7i( 47

and State Grant Fund able 3 t64 ()')l 32
Due Ii oin Cu rent Fund 3,95851

3790 39345 3,849,81730

$ 18 612,08013 S 19,244,130.82

29
 __________________

TOWNSHIP OF EWING
A
COt NTY OF MERCFR

(URRFNT FUND

STATEMENTS OF ASSET S I IABIE TIlES AND Ft ND BALANCE (CONTINUED)

SIAIUTORY BASIS

June 30,
2008 2007
lIABILITiES, RI SLRVES AND FUND BALANCLS

Current Fund

Appropriation Reserve A 2 $ 679 309.30 $ 683,655.06

Other liabilities and Rcserve
Tax Anticipation Notes 8(1)5,76000 8,000 000.00
Spccial Emergency Notcs Payable 96,600.00 128 800 00
Reserve foi Encumbiance 896,667 25 378,025 II
Accounts Payable
Duc to Various Agencies 90010.82 90,01082
Due to State of Ness Jersey Marnagc Licenses 1334 95 1,72500
Picpaid Ta es 57786.91 71,17990
Piepaid Sewer 268 879.73 248 062,66
Piepaid Liquor en',e EDiT. Trust 2,50000
cc foT SpcC al Linei gciic 26,224 93 114 830.21

D453 26459 9,035,133 0

Intei ftind Accounts Payable
State and I cdeial Grant Fund 3,95851
Dog I icense Trust 75.00
Rcview Fees Trust Fund 10,027 17

14,060.68

Rcseives for Receivables 1,539 916.28 2,314 847.65

Fund Balance 3149 19651 3 346,61703

14 821 686.68 15394,314 12

Federal and State Giant Fund

Re eive for Encumhiai cc 1 632,687 90 328,711.21

Rescrs e for Intercst liability 18,73392
Reseive foi Giant Expenditure 2 157,705 55 3 485 1130,95
I.. nappropnated Reserve ioi Grant'
14 14062

3 79039345 3 849,816.70

$18,612,080.13 $ 19244 130.82

30
 TOVINSIHI 01 FWINO

(OUNIY0I \IER(IR

(8 RHINI II ND

SIAII Ml NF()1 RJVFNUISANDOIHIR(RLDIIS IOINCOM9

I IS( 51 Yl AR I ND) I) II NF 30, 20( 8

Antic pated Budget Budget As Modified Realized — Lxcess (Defteil)

Surplu. Anticipated ti ith Prior Written (or s nt of DI(,S S 1 711 92800 8 1,711 92800 8 1,711,92800 $

Misce lit eous Rev nue

Licen e
\lcoGtlie Beverage 4. 60.00 74 6000 76 50000 2 14000
Other 2cm n93 uO 2o,n93 0cm v4 359 m 7.s '.5
Fees and Pennit 305 10700 305,10700 2 515346 (29 953 54)
Inies and I o. ts
Municipal ( oem 607 209 18 607 209 15 62443 .18 17,22200
In(rte i amid ( ui' mn I 243,131 5) 24) (t) 192 64372 (50,487 87)
Interest on lnsesfrient and Bolos I t,6" (2) ((I) 6(7) 023 ItO 53962438 ( 29,398 62)
Sewer Service ( ha 's 6 IitO.ttfl]t tt0 Ii I OtmI 000 Qif — 6,60041 8.24 500,418 24

lo a] Misecllaneou Revenue 8,719523 7 8,01952377 8403,13073 383,60696

State Aid wit tout Of ',ttin" \ppiopriat iii

1 cot ante liiiliatis 1Hoi (ira U 1 14) (82 (tO 149,'FN]O 149 1)2 tO
Ctitian idatcd \Suittt ipal 1)ipeit, lax Ralief Aid Itt (tOO 0(0 Itt) Itt tiQ(t Ott), (tO I 0,000 (ti

'tO' "73 (tO 2,69'. " 01, "' ' t)it

OtiIlllei irital I net , Prt.eipta a 12600400 12600400 12t (tel (ttt
I t aetidir id 2,000,00000 2 000,000.00 2tOt(t,t tOO tO

Garden State Iru t lund 713 55 713.55 I

\Sunit.ipal Flonielat d S 'curity Awtawe 140 000 00 140,000.00 140,00000
Municipal State Aid 257,45100 251,45 .00 25745100

Iota] State Aid witltou (3ff ettinti Appropriations 15, 7243 55 15372431.5 537243155

Special Iterrs of Reset ue Offset nith Appiopriat ons

Public Health Priority Funding 1977 20,83100 31,100 00 31,10000
Drunk Dr to I nftrre ,e t I mid
C
44(5.16 4,435 16
Dt. as' ait. Rise Iii, t loll Hod xl 'mm tin i 1 54(100000 1 tOt) ttttt( 00 184000000
N St 'i. I t.''t
I I l.,alth landenit' I ion/a Prep fira"t t 222 ((0) ,222 tilt
I

in ma (mit (ii l'iep 3. eimi'.i1'rnr s lIr PillI '0)000 1,500 itt)

Mete at I lasm
OtJ( Ut 7t,00000 7tt (tOO tO
NI It oiamtun ltu'i laid ftoit ttti 22500000 221 (00 Oil
Rem. cxli ,ioe I wi
Immmm 16,141 92 Itt 1419°
I nmei cmi. s \lanag '1 Cii Assm
' nec ,000 00 1,000.00 ((01 (to
c c,ninrummieable (l.a e 1(1 P B S arrow 51)00.00 5 000 00 5,00(3 00
BR A( 37 000 00 3700000 3 ,000 00
(lea ornmunities Progmar
C 3651 62 .15 n24 49 45,6 449
(omrrunimy Developmmment Block (mm ant 6129 800 61' 971 Ill) 612 97800
7 obieeo \7i if 'al 420 (Ri I StAt Oil I 0000
NI Manutmetiat ci 515 (ii tnt I u °Ot) ((It I (Ott tO 150000)
Sate and S run. OCt ltOtt (tt( ('tittti( ttti (ill 000 000
Spri it 01 14 (miiitt It 2u7 tj (20 ti (, t,(" 1'

F nhanexd 911 (mia t

Bids At into Re Oat r menf (oran( 898695 8986.95 Om')tCCC (5

\lutimu il i,il /t Iliane e (ira ml 21 7'.OOO 2 1(0

I ((I'S Sfiim,i 2 86920 6819.20 m St' 21t

Iota Special lteni of Revenue Off t with Appropria io 29 444 10 3033,8 50

31
 EOWNSHIP 01 LWING

(01 N1YOI MLR(E19

(ERRI NI El ND

STI IEM1 NI 01 RI VENI ES AND OII1ER CR1 0115 10 IN( OME ((ONlINE ID)

11S( Al YEAR I NDI 1)31 NI 30 2007

Anticipated Budget Budget As Modified Re (tied I xces (Deficit)

Special Item of Revenue esith Pitot (onsent of the Director

nifotnt Etre Safe y Act 7tt 00000 70 00000 76695 42 6,695 42
Aelntimstration of Senior Cttieen and Vet Disec wit '1 120 II)) 9 32000 9,320.85 0 85
Payment in I ieu of 1 axes I lie I ollege of New Jersey 603<0<) 0)) 60 000.00 60 000.00
Payment iii Lieu of Taxes Park Place Semor (it zen 86,621 00 86621 00 83,975 00 (2,646 00)
(aolc leesiston Franet isc lee il 118 n'G fir, I Si.) 28a.ft, 3,)
Mercer County Impiovem itt Authortt
Iransfer Station I aetlity 16041600 16041600 17499996 1458396
lb t Bet cftt 1 462 582.00 1 462 582 0)) I 262 021 II (200 561 89)
EMS Bil 378,97000 1799 001< 34( 40)) 55 (35,569.45)
EboteIlax 12561420 1256142)) II )t97's9 1144379
Interfund Revenue Ded<iaied ( onstruct 00 47443596 474 4)5 9), 96
fete fund Resct,ur I aptial 1 und 229,493.47 22° 497 229 4'.)) 47
Intetltind Reset e (Itliet I tu ' 1 00807 1308 00's 1)7
Ir <i fund cit 'e IVi lot nianc e & In peettoti 15 71<) 1,9 19
771< 6') 11,77'.) 1,9
01') 5 I ,rtttlai elI' ollba< 1 982 (16 4) <'52 1 6 01) 982,316 00

total Spmtal Iten sot Reverue 4 7538639 4 175,38639 4 001) (174,6001)2)

Rece pts Ito it Delinquent taxes 14100000 141000.00 (63,61896)

Subtotal General Resenues 32,3 571381 32454 10476 32 599,492.74 145 38798

Amount to be Raised by I a e fbi Suppo t of Mun ripe) B et I( 493 020.70 t6A93 020 71) 1 406 500 78 913,48008

I otal B sdg't Reset 48828 734 St 48947,12546 500(1599352 1,058 868 1)6

Other ( iedtts to Income

Mi cellaneou Reset ue Not Antic 1atM 264 95 76 264,953 76

Ictal 0th t I ditsto Iscome 2649 3 76

Iota sue and Othet I redtts to Income $48 828734.51 4894712546 094728 S 1323, 2182

32
 TOVi\SIIIP Of EWING
82
CO( NTYOFMERCER

(URRI \f FUND
STATFME'\1 OF I XPENDITU RES S'SD 01 HFR CHARGI S 10 IN(OMF

FIS( SI 'e F SR ENDED JLNL 30, 2008

— APPROPRIAIID
Budeet Unexpended
F's 2008 Bu&ct after Modification Paid or Chareed Reserved Oxerexpenditurc Balance Cancelled
WitE in "( APS'
(8) Operations
GI NURAL GOVE RNMEN3
Legislatisc (Mayor and Counc I)
Salaries and Wages S 48,175.00 5 48,F5 00 5 00 5

Municipal Clerk
159,550 00 15° 5Sf 10 1, 5938
Salaries and Wages
31 94". 30 31 ii(i 11,34500
Other F
Geneial lilt
Sib, e 100 \\ s 355,20200 355 202.00 344 67" 91 0,52609
Oil'cr 260,71200 260,71200 259,29800 1,41400
Flec',s ns
Othe, 220(1000 22,00000 12 89240 9 10760
Finj'icial it on
Silai,e' aini ices 252,01400 252,014.00 247,"22 00 4,29200
E'spen e" 5,000 00 5 00000 5,00000
Aud t Services
Other Lxpenses 40,000 00 40 00000 40 000 00
Manm'emcnt Services
Other Expenses 33,30000 33,10000 33,30000
Tax Assessment Administration
Salaries and 'Sages lt,S,ft6S 00 16806500 16806500
Other Fxpenss (ifiii 00 58 00000 5800000
,'i,c i on (lax Collectior)

Silirie' and isac a 2104010) 210,40100 21040100

iitherhspsrsc 2113000 2113000 20,157.70 2972.30
Fri 'ineerip( her'
Other Fxpenses 97 17S 00 97,17500 97,175.00
Leeal Sers ices and Expenses
Other I xpcns's 387,84500 38784500 354,27" 69 33,567.31
 ______ ________ __________

oF

(0 NFYOFMEROER

CORRENI FOND

sr MEN OFF XPFNDITLRFS AND OFHER (H ORGES 10 INCOME (CO'STINUFD1

FIS( SI S EAR LNDI-D ii NE 10. 2008

APPROPRIA FED
Budget
FY 2008 after Modification Paid or Charged Reserved Os crespenditure Balance Cancelled
Pubhc Defender
Other Expenses 260)000 2500000 16868 75 814125
lire Board
O her Expenses 50000 50000
Information 2echnology
18336000 18)36000 16315669 202033 -
Other F xpences
Municipal Land I. se Planning B ard
Other Expenses 6487000 64,830 00 64,830 tO
\Ia'tel Plan Piopcual
0th 1 so 5,00000 6 000.00 000.00
on no B mrd of
OlIk i 1 3,20000 ,20000 3 200.00
I m dempation Boaid
lii' 50000 500.00
Erisironmental (i'mlnlsSlOn
Other I xpois 50000 50000 33000 17000
Lilt em Dr p Commission
Other Lap 'nses t00000 ',Ouu0u
Recroation Commission
Other Expenses 50000 500.00 423.00
Historic Presersation 0 ommission
Other Fxpenses 50000 60000 50000
Patriots. Committee
tSR O'p us. 28,500 00 2850000 2842426 75 74
'mists Bond Prursotim
ruin F psi' S,lOO 00 5 10000 5,100.00

(,en ra (uoserynient 247 004.00 2471 00400 2376 198.02 94 728 98

 _______________ _______________

IOVsNSHIP OF EWING
52
(OL\IYOI MERGER

(I, RRFNT Ii. AD

St SIEMENT 011 XPENDIII RI S AM) OTIII R CHARGES 10 INCOME ((ONIIM'E B)

FIS( Al YE SR ENDED JUNE 30, 2008

SPPROPRI SILO
Budeet Unexpended
FY 2008 Bud7et atierModtfcatio Pa d or ChaQed Re,ers d Overexpenditure Balance ( ancelled
PIBII( SAFETS
Munictpal Court
579 79400 379 "9400 168 1)490 11,639 10
Salartes and Vs ad's
Other Experses 27,80000 2 80000 2".800 00
Pohcc
a (1 (lIlt) 01 "820,00000 7 820 00000
Salaries and Wages
Other Expen Cs '0 OttO Itt 23000000 229,73122 268 "8
Or' 04 artrn.nt
140,89900 540,89900 540 76340 60
Sal cd
tither F 676.000 00 576,00000 5"6 00000
It (txH S
lIst '0,00001 2000000 20,00000
I n,, 5cr ices
',Oasses ,ird Vs 120,80000 320,80000 320,80000
1
.86500 1S86500 15,86500
I ndVrrn scntrn
C,laiic, and 56 "'02' 00 12" ft'S 0 00
Sto 56) t5.Sutt 30 IS 000 P0
Other Expenses
Itousin5
Salar cx and ' .00000 "S 00000 (((fijI
600 2 tIS 01 — 2 115 ItO
Other Fxperses

Sub Iota FubI c SaRi 10 151,39800 10,151 19800 10,139,354.32 — 12.04348

Pt 151 IC 0,013K"
S ic's', ,nd P,oad Maintenance
and Wa'cs 775 60000 oitt 00
Other Expenses 62 5000 5" (Pt 00
5' chicle Maintenance
SalanesandWaixes 2i,t''600 26136600 3(1 55t00
flther Ex",n'e' 11" '4' 00 15054500 1'O S46 (hi
 ___________
_____________ ________________
_________ ________ _______________
________________
___________

IOVsNSHIF OF F WING

COT OF MERCI R

('F RRF"sT 11 ND

S [All 'sTUNT 01 FXPI ND) 11. RI S AND 01 HER C HARGI S [0 INC O\11 ((ON I INI ED)

FISC FL YFAR ENDED JLNE 50, 2008

APPROPRI SI) Ii
P,mduet Unexpended
FY 2008 Budget after \Isdifis.0on Paid or Charged Res'rved Oserexpenditure Balance Cance led
Buildrng and Grounds
Sa ar es and Wa"es 387,108.00 387 0800 10500
Other Fxpens 80.625 00 80,625 00 62s 00
So) d Waste Collection
Salaries and Vs ages STO 5) 'N 00 37') 5000
20o I tim) 2 mUtt T,000 00
Other Expenses

Puhli Vsorks 2,713 834.00 2,6"3,834.OO 00

ITT SI IH AND HF 51 SN 'ER VICFS

Pi8'la H,. tith ,i

Sal,oies nd \\aess 342,79.OO 342 9)00 00 -

Oth,r 3650000 36,500 00 19,362.53 17)3747

Animal Control Servi es
Sa aries and Wage 106,31600 1(16,37600 106,37401 1.99
Other Expenses 3900000 39(00.00 39,00000
I ownship Physician
Other Expenses 22,00000 2200000 22,00000
Senior Cin"ens
"6 00 76,18300 76 1st
Salaries snd \\a es
Other 2 istO 00 21,00000 i' 21)0 14,80000
I ssine ommun Cenler
'at flu, ,in5 'Sacs 126 151 00 26151 00 126,147 "4 326
t Ii her Ext 193 65000 1)3 6S0.00 158,605 49 35,04451
Ctiiiti
Otl'er Expenses 18 859.00 18,859.00 8,85900
Ewin" Concern d ('miens
Other Fxpenses 30,00000 50,000 00 30,00000

Sub Total Health and Human Sersices 01251400 945,2677 66,98723

 ___________

01 EWING
57
(01. NTY 01 MIRCER

(IRRLNI FEND

S I ATI MINI 01 1 XPENDITLRI S AND OIHFR ChARGES TO INC 0511 (CON I 151. ED)

FISCAl YEAR ENDED 31. NI 30, 2008

— APPROPRIASED
1 n

FY 2008 Bud7e af er Mod fication Paid or Charled Resersed Overexpendtture Canrelld

PARKS AND RECREATION
Rc reatlon Sers ic"s and Pro 'ram
Salarics and Vsagc 268 70000 o5 "11000 268,70000
29000.00 2" tititI 00 2' ,420 22 8 779.78
Other Expcns'
Park Maintenance
SalanesaldWa7es 552,41'.OO 15'.41"00 852,43700
Other 101100 r t.ttt 36864.77 28 475.23

— I 215,41" 00 1,215,43700 — I 178,421.99 3701501

Recreation ard Education

1.TI 1IIISINDBEIKPERcIIMI"
Itil,t,,, I' irtud ' Str,,' 'lit,"
Othe' — 1,318322.00 1,318322 00

I ANDFIII SOLID WAS! F DISPOSAl COSTS

Landfill
1 S"S 75000 ,575 75000
Other I'xpcns's — 1,575,750.00

OIlIER I 555111Ff'

ha t,'r Open Positions & 'sba..e Ad)u tntcnt

S hues and " ,s es — 657,00000 657,00000 22445346

Operations Including ( ontingeni usithin "CAPS" 21115,259.00 21,075 25900 20.431 860.76 643,321 24
Details
Salarics and Wages 15,217,4)600 15.290,181 00 14,42)"" Al 460,903.96
Other Expenses Contingent) 5,897 761.00 5.785.0"8 00 Si,')' "3 182 494.28
 __________________
________
_____________
___________ ______________
__________
_________
_______________ _________

10W1\SHIP OF l'sG

(Of\TYOI M[R(IR
Cf RR[\I IU'sD
STAIFMI \I OF FXPFNDIIF RLS A\DOIHLRCIIARC,I S TO INCOMF ((ONlINI ID)

USC \I VI AR I NDFD if 'NL TO, 2005

A
'PROPRIA lED
Budgct I.. nexpendcd

}Y 2008 Bud 'et at er Modification Paid or Charged Rcscrved Overexpenditurc Balance Cancelled

(I ) Dels'n it ai'd ,llutor5 Fxpcnditures Municipal wi Dii

'CAPS
(I) DIII RRLDCHARGES
Oserc'spcnditu e of A ,propnations 122 93( 87 122,939 87 122,939 8"

Sub'To a! Deferrcd Char,,es 122,93 .87 122,939.8 122,939.87

(2) SI Alt TORY EXPI ND! lURES

to

535 "1500 liii MS 295 00

P1 RS
1
PIRS lIT 'ti 00 4t 114,! 600
'tIm "23 Still 00 76 .50000 — 752,58894
Social Securi 55

Ic' il licler',, S ir I 5iatutuo'

1 s'cnd tOts. \1 hflisip'l I iihiii C'SPS 1,265.9108" l,70,910S7 — 1,294.99981 10911.06

(II I) Total (Tencra Appropriations br

Municipal Purposcs within "CAPS' 22,381, 69.87 22,381,1698 654,232.30

(A) Op iis i F sc1 2nd lion "1

P

I s ii '1 mi "sm, S'' , S ml -' ' y S'ha eo Costs

Oihsr I 'r mmmsm, ,52 ,562.94 .2",562 94 7,527,562.94
rcs y I mOnt l,n'mr Sma iont',
I 466,89697 466,896 9" 466.89697
I,
Al' \\ us r per Local F nance B ard
Various items 1,0 192800 1011 928(0 839,852.45 17207557
Condo Law I rash Remosal
Other F xpense
 ___________
____________ ________

I 055 \SIIIP 01 F WiNG

52
MY OF \41 RCFR

I 1 Ft Nil

SISITMINT OFFXPI NDIIF RFS SNI) OIIIFR ( BARGES 10 INCOMI ((ON] [NUT 0)

FIS( SI YF SR ENDI D JI.NF 40. 2 08

\PPFP iPRI sri n

Bird 'Ct Unexpended
FY 2t1its 0 2 'erModiirrtii'n Paid or Charged Re erved Overexpenditurc Balance Cancelled
Insurance
Gene i1 i ihilit. 40,00000 4000000 40 000 00
penmi on 944 85500 9448500) 944,85000
r ,ro i' I-lea th 4 700,800M0 4 700 80000 4.615,80000 25,00000

Sub Total Ot er Common Operat r g Function t499,.0 79 14,99203791 1479496234 25,00000 172,07 57

P['BI IC SAFETY
Fire Protect on frch Foot
(5i5er I sp.r i.' 450,000.00 450,00000 45000000
Fr 1' t on -I', I-Id ar's

I iher I- 94,000.00 94,00000 94 00000

I'.1ii.e Ii St
"alirie, ird SOn's, 66i21500 665,21500 665,2 500
E S cc and F reinen Rs'ircment System
I F \l'enser 173303400 1 "3303400 I, 33.034 00
Einr o,ee' Rd rem 'nt Ssstem
413 108.00 4 3,108 00 413,108 00

S rb Total Public Safety 3,355.357.00 3,355 357.00 3 35700

INTE RF OF AF Mi NICIPAI SE RVI( F AGRLLMLN IS

tin
Other Experses 370 00) 00 370.00000 370,00000
 ______ ________ _______________

lOSt NSIIII' OF EWING

COL \I'v OF MERCER

CURRENT IL 1',!)

SI A [EMENT OF LXPI NDI It. RLS SNU OIlIER ( BARGES TO INCOME (CON fF5010)

FISCAL YEAR [.NOLI) iF NT 30. 2008

4PPROPOI \TI'I)
Bttstaet
FY 2008 Bud"'vt a Icr Modfica ion Patd or ( hat 'ed Reserved Overexpenditure Ba aree ( .,nretlci
Nur es
Othe Expenses .000 00 8 00000 8,00000

Sul Interloca 'vi rtctpal Serstcc

I reements 3'8 00000 378,000.00 1 8,00000

°E I-ti 1. .V".I PIFI\ SI F. PRIIUK 5516 ('FFxE It' RI S ET\L I S

PuLl c IkaltI Prmrtts Act 01 0 " Letca' HoaltE '.,ar,

1 '.p.n'.es 20531.00 31.10000 3110 00
I rank Or s 'IL F itt td Grart 443t.16 4,435.16
t.yrattt .840 000.00 I 840,000 (10 64o tOO 00
LI tO 6. L
COPS tr
SHOPS 2,869 20 6,869 20 Ii sft) 'Ct

Pandenutc Influenza Pr paredness Grant 1" 223 00 t" 33300

Infrastructur' Prep & Em r''cncy Respons' I '0° 00 Ott 0
Merct. At a OttO Ott "t'.t)OO tt0 "ft 00 Ott
5 tt0 tflit S tt(tft (1(1 000 tI)
rtrpmuntc tt'lc Div. i.e PEP B (rant
00000 5" (St t ttt a 000.00
BR-st
"l'e 4. "v. ittO ft OttO '-tt' eO,000,00
in'cret,'tc rIana 'etnen' Ststrt2 tre Grant 500000 6,000 00 5,000.00
ir tnt 3,651 62 46,62449 45,624.49
C kan C ommut'tttcs Ret v.Itr

to nmul Its ni Ott', C (or itt 612,978 00 61297800 612.97800

1
NJ ['MS Grant 1.500 00 1.500 00 9)000
\Iut"ctr'a Atttsn,.'t,rart 21 77000 21 "'ttOO
tnt S 05 6,986 Fa,t
[Fads \rmtat Rep) it anent to
N 715 5)0 tb 0011 )t
1 'I
I at ton to Fttnd t.tr Ut 000.00 23s
lobacco Age of Sal 4't(otO 9)000 1 stIlt tttt
Recycltntz Tonnage Grart It 14102 I" 14102
6,207 33 11- "tt" 23 a
Sprint OEM Grant

Sub t it ' Ptthlic and Pr sate Programs Offset

F. t<c.e'tttes 2,915,444 10 3,036,83505 1033,83505

lotal Operations Excluded from CAPS 21.640 839.01 21 75922996 21,562.15439 25,000.00 172,07557
 lOVt'xSlIIP OF FWIN(

(Ofl4TY 01 ML RCLR

CFRREN1 ru'o
SI SIFMLNT Oil XPENDITI. RI S AND 0111CR ( IISRGFS TO INC 0MF ((ONTINIJFD)

F ISC '0 YF AR ENDI I) JLNI 30 2008

\PPROPEeI S ILl)
Unexpended
Ui 20(8 Budg t \loditication Paid or C har"cd Resersed Oserexpenditure Balancc Cancelled

Salan s nd 665,215 00 00 05 215.00

Oihe 2R9 5 62401 21 094,01496 20 '116 939.39 2500000 1720 5 57

(F) (apita Improvemen s Fxc ud 0 Born F SPS

Capital Improve trent I' nd 50,00000 5000000 5000000

D) Muticipal D bt Sersice ['xcl dO from CAPS

Pa'vmcnt of Bond Principal 2,350 000 00 2,350,00000 2350 00000
Pamnent of B )nd Ant ci af on Notes and Capital Not
Interest on Bond 828,71626 828 1626
o N 7958902 159,58902
i.,rleit T F -iso P ousro
F' sr' for Principal aid Inie ext I l2650 1126553 I 12,655.11
lnha',t 'i tire 1 Lu n F" ens n
I i ri'r I nnripal and Interest 289,41588 289,415 88 270 805.79

S 'Mit 371547 't,7an,l'76 as l,72i 7156 en (11)

TOtal Mw"cipal DON Sersi,.e ens ,8 610

(L) Defened Charges Municipal Excluded from '(APS"

(I) DFFF RRFD CHARGES
riier"'n(\ \tmili,,ri aimo'e 674,42200 67442200 674,42200
I Em 'or en' — 32,20000 32 200.00 32 20000

lotal Defer edCha "es Municipal Exclud'd

from 'CAPS - 706622.00 706.62200 70662200
 ___________ _______

I OFF \SIIIP OF EVi NO

02
(OLAlYOl MFRCFR

CIJRRI-N I El. ND

ST Ft FMF\1 OF I XPLNDII I. RFS AND OIHI R ChARGE S 10 INCOMI (CONI IN!. ED)

FISCAL YE AR ENDED JENE 30 2008

APPROPRIA ED I

Budget Unexpended
1Y2008_Bud"et after_Modification Paid or C barged Reser,ed Overexpendttures Balar cc Canceled
H ' list ii t ci Fj propi Si' Ii pal P irpo 55
FOuled ttgm 26.040,542 "7 25 00000 190,685.66

48519 00" 35 513 54 6"9,309 190 685 66

(1) Subtotal General Appropr attons
(M) Reserse for I ncollectcd Taxes 309 727.16 nt'" lt'
848,828'0451 S 48,94", 125 46 S 48 07",l30.50 5 679,309 30 S — S 190,685 66
I total Gencral Appropriations
A

E3 I.i.t S 48,828 734 5 Paid or chargcd 5 48,077.130 50

FApt 0
Appsispnanons Rescrscd A 67°,309 30
nel"ns S

8 118390.95 F ncxpendcd balance

Floor NJ' 100,655
Cancelled sO

48,947 125.46 45 113

Bud4et as Modified S

Total I
Fbi upst ip 'ndilures
Ps dot
A 6") 5139 30

Total Muricipal Expenditures S 45n56,430 50

__________________

1 OWNSHIP OF EWING
Al
OF MERCER

CURREN F FUND

SCHEDI. LL OF TAXES RECEI'V ABLE ANALYSIS OF PROPFRTY I AX LEVY

FISCAl YE \R ENDED JUNE 30, 2008

Due from
I \ and State of N.J Transferred
Balance \dded Takes FY 2008 Senior Citizens to Tax Balance
7 1 Adjustment to Lesies and Veterans Adj ustmcnts Title Liens 6 30 2008
F\ 2001 S 4 SOS 92 S S 4.808 92 S S $ $
PY200S 10704,05 10,794 05
FY 2006 17,052.20 17,052.20
FY 2007 41.467 93 36,930.74 6,537.19
79,957,775 87 79,446,450.11 * 438,083.19 276542 30.319 24 45,688.75
F'v 2008

S 76,123 10 8 79,957.775.87 879516,036.02 8 438,083.19 8 2,765.42 S 30,319.24 S 52,225.94

A A

/$JJai.IELRf

Tax Yield
* Collected
General Puipose 5
Omitted Taxes (N.J S.A. 917(1 2007 $ 71,179.90
54 4 63 1 et scq) 2008 "9375.rO2t
S 79 446.450 11

$ 79 957,7 5 87

Tax Levy
Local School Distnct Tax S 12500
County Taxes I 576 56
County Added Taxes 75 300.15 63,179,001 71

Local Purpose 16,778,774 16

S 79 957,775.87
 _______________

TOWNShIP OF EWING

COUNTY OF MERCER

(URRENF FUND

SCHFDUI E OF lAX 3ITLE LIENS RECEIVABFE

FIS( AL YEAR ENDED JUNE 30, 2008

Balance June 30, 2007 A $ 253,691 30

Increased by transfers from

faxes receivable 3031
Other

Subtotal

Decreased by
(ash receiptS 1,257 94

Balance June 30 2008 A $ 282,75260

44
 IOWNSHI> 01' EwING

(01 N(YOFMER(FR

Cl RRFNT hUM)

5(81101 1 01 APPROPRIATION AND ENC1. RESERVES

FISCAl YEAR ENDLD II NE 0 2008

Balance 6 30 07
Appropriation and
Encumbrance Balance
Reserves after 1 ransfei Disbursed Adjustment Balance Lapsed

Other Expenses
Municipal C lerk S 273898 S 25652 1, 256.52
General Administration 22,11303 II It 854(0
Electrons 7.500 00
Infrirmation echniloti) 16,911 21 2,46 98 2461,98
Management Sr ' ice, 116774 1,16774
I a' A'iri,inrstratror 9 680 90 4000 00 4,000.00
lax (olleetto 9000 9000 90.00
Buildmg and Ground 998405 131067 1,31067
I. rilirrco and Bulk 156,56299 55 758 93 55,758 93
Legal Service 5087 39 40 065.96 40,065.96
Recreation Boa d 90.51) 90 50 90 50
I mployce In, uranec 13516064 22 526.8C 22,52686
Woikc.rs (omp Self Ii su ance 300000
General Lrabrl U Self Insurance 2,000 00
Police 1 )cpai to icr 26.18914 19,240.38 19 240 38
Emri "erxo Medical 5cr sec 624 28 31848 1848
U I Iciglt ( ompa i 34,245 57 4.1)51 72 3405172
We i 1 entriliii on I
I
any 1,32911 1,329.1 1 329.13
Penn ri iii Ra fUr t ompan) 6 231 64 61 232 13 61 232 3
luc l'rr'scrtiuri 180 It 1801)0 18000
Sfl rv I and Real M.ririt ii lire 22,41493 14,42779 14,42779
Vehicle Maintenance 37441 44 2e 10% 94 26 108 )4
Sen vices 29 948 64 ii elliS 10,85805
landfill Solid Wasic [ii liosa Coo 130,40546 lcd 19250 16619250
Solid Wave rilcctio C 1,240 01 241) Itt
1 1 24(11)1
P 11 a Health Sri ice 24.08 .03 22 733 05 22.783 05
Animal C nor il Sei sice 4,75654 5,90., 09 5 903 09

ownshrp Pho ic ian

I 1,83333 1 833 33 1,833.33
Recreatroi Sen ice and Ingrate II 314510 .145 10
Park Maintenance 8180(18 8,180 08
Ewini. Senior and C ommunriy ( tr 7 975 25 37,975 25
Pairrorrc C ommissror 1 33 Sf 733.56
HIt itlieratror 1 869 46 1 869 46 1 86946
Irircrlocal Services 4 000 00 4 000 00 4,000 00
hut lfvdrant Chai1e. 21 48506 72951 14 72,951 14
IncItoot Charges 01.45486 34 890 3( 348 890.36
Municipal Court 4031 54 171863 1, 1863
C. ondo Ii ash Reniova 2882271 7673423 76,734 23

5 1 061,680 I" S 1 061 681) 17 S 106 6801" 5 5

45
 FOWNSHIP OF EWING
A-6
COUNTY OF MFRCER

CF FUND

S( HFDF LE OF SEWER CHARGFS RECEIVABI F

FIS( AL YEAR FNDED JUNE 30, 2008

Balance Cancelled Billing FY 2008 Transferred Payment Balance

Year June 30. FY 2008 Adjustments Collections Tax Titlc. I Adjustments June 30, 211(18

RESIDENTIAL

FY 2001 $ S S S .. $ ., $

FY 2002 133.57
FY 2003 1,30750 1,307.50
FY 2004 2,771.75 2,688.83 55 92 138.84
FY 2005 3,655.83 3,441.24 214 59
FY 2006 4,027.25 (001) 3,83916 191.39 379,47
FY 2007 5,731.74 (172.92) 4,83070 466.53 1,194.65
FY 2008 5,453,883.76 (10,902.22) 5,523,131.87 84,569.47 4,419 14

COMMER( IAL

FY 2007 17 273,684 17
FY 2008 787,361.20

S 17,627.64 $ 6,514,92913 $ (11,075.15) $ 6,600,418.24 $ 5 85,283.31 S 6,346.69

A A
 IOWNS1IIPO EWiNG

COUN fY OF MERCER

CURRENT UND

SCHEDULE OF FE DERAI AND SEAEE GRANTS RI CEI\ ABLE GR8NT FUND

FISCAL \ EAR ENDED JUNE 30, 2008

FY 2008
Balance Appropriated Deleted Balance
June 30 20C' Realiced b5 40A 4-87 Received & Cancelled June 1)) 31a)5
5' est Partnership Program S 629400 S S - $ $ 5 o2)40t
Housing UJIMA L'S 50000 173 50000
S 1)31 8,986 95
Rod, \rmsr Replacerrent Fur
BR At I))))) 37,000 00
C 0130 - ear I 45 06258 45 162
203 '1100 203,211 tiQ
CDBG Year 3
CDBG Year 4 304' 00 1)123363 91,04338
(DBG Year 5 205,489 00
1(15) (1" 41,9'2.87 4') F 00
C can Communities Grant
S If) till 5,1)0 iii
Con'n Di',c tIe1 B
CUPS in SHOPS 2,86930 4,00000 6,86920
I L840,000 00 I .840,000130
Delass ire er F Sheet ip nip Grant
(I, sr i' 1 840,000 OF 1 840 000 00
D I ,o ire sr I. oinnli'.oon k,id
5 i
51)1 II)) 2,500 00
DO Livable Communit es 88,63734
Drunk Driving Enforcement Fond 4,43516 4415 lb
OPti (it) S il)
Emergenes Management
(ift) (10 76,000 00
Mercer at Play
\Juniiipal All) ince Giant 6134100 21 u3 113 id
NI Slaniifacturc f-MS 1,50000 1 500 (It)
Ni St 55 ,ucr Reiulation Grant 5,15500 1,15500
NI fran,poiiatii'n Trust 283,900 00 225,000 00 191,053 315,84643
17,22200 845L00 8 771 00
Pandemis lnfluciz i
tnIi'rrtruciius Prtp A Emcrgenc) Response 130000 1,50000
Public He ilih Priori'y Funding 20,83100 1026900 3110000
Iteere irion liar Peopie with Disabilities 3,419130 341900
Recycling Tonnage Grant 16 14 92 16, 41 92
Safe and Secure 60,000 00 60,00000
Small F 522 2500 522.25)0
Siren l'urur" P1 inn ng Grant (MacIcr Plan) 30 1)11 lift 3)) (1(1(10)

To'-aecc Age of Sale Unfooemcni 430 (10 1 080 1,500 00 -

Total Federal and State Grants 3064,09132 35)921 118.39095 1,009,28349 1,840,00000 3,232,435.55

Other Grants
Sprint OEM Grant 18,21 33 16 20"33
Total Other Grants 16 20 '3 16 20' 33

Total Grants S 306409112 S ) Ii 3'))) 5 $ 1 025,49082 S 1,84000000 5

A 5 5—S
 6 FFF: ((Si P08 RRFFF)R (FF3 (FUR ANF)S 6 (FF60 Si

-686 08SF is -'

F ransF rrrs 4F!_OL_"

(a us (si spufldsd FSsFsicd

Raid A n.J

RH V S 1SF,'
P '5 rI' ri .155

0' H
" 'H (3

a48 4
F 18380
BR 68

Si

19-i 6 4' 4
''4%'"
"4'
S 'P.s (HR

c'P iF r'L (.4 98'

"S

our 36
F ('n r. S Fs F 44' 6 14000
F ''sr Fan'stdss'rr ''4
464"
I if,'
Li F .0 Fri
In F S
F sr Ar
(-9 (l''rF
'F 7
'445
kr,rlu (OS,
A
15' rfi''L'aL' F5 FFF
"fir'
'ar.r HF
i
S'Frrp'SFS F
64444 564SF 544
SFS'L a .,fls
F
r hi' H 5iik r I
S ir ' Sr ''8
rsF4 'I'

'firs S - 4)0,3 4 9

Fr, S iF 5 9FF

F) 00
305) 6,23
6 5.485 99 6 '9Fn,444 S FF3 iS 0 S F2F'5SS
A"A 69
9 2 F F58 55 $ 840, 10 'S S
F
5,dnr r 'rir ('i-ri 9 0416 '2 64F444 $2 38208,2
OrFn C ii 6'n F' p is 6F,Sp 3,165 ""0"' 29.5)609 F, 9'F

29(544 (0 9 FF832 9' 52530'348' S F 8 '000) 5 64F444 8 2,F57,"FS '4

93498,0) 9' 5

Sir,'' 8 4 ''FS(
F S F 562,3r6.F F ,r a 45, o4'SO
4F 383 3

is. 6 s' F1'''

 OF EWING

COUNTY OF MERCFR

CURRENT FUND

SCHEDULE OF UNAPPROPRIM ED RESLRVE S FOR FEDERAL AND S I ATE GRANTS

FISC AL YEAR ENDED JUNE 30, 2008

Balance
June 30, 2007 Appropriated June 30, 2008
State
Clean C ommunities $ 3,651.62 5 3,651.62 S ..

Public Health Priority I unding 10,269.00 10,26900

I ohacco Age of Sale Enforceme 420.00 420,0()
fotal State Grants S 14,340.62 5 14,34062 S

A A

49
 __________hal _____________

S ' sF 1 551'
It t 'It Itt FR

III-. ti—
STATEMENTS 01 1.551 IS. I l\BII I I IS, RLSERVLS AND II. ND B Al AISLE STATU JORY BASIS
IENF 0 '008 VSD 7)0
B

Anima Control Self lttsura ice Ot er Public \sststai c

)00S '00 '08 1) '0 8 '00 200'
ASSE IS

(ash tic! (ash Lquisalen S I ,398.46 S 18)0 7 5 335,937 48 S I)' '25 1 S 4451 80)34 5 4,833,537 78 5 1,53445 B 3 S l,,86 6' B 3

Recetsablcs and Other Assets 53500

lttterlunds Receivable front ( urrent Fu td '-' 00 lOO'' 17
Ot icr Intetfund Re cis able 1,00000

5, 17 3°816 S I 8,384 48 8 07)25 If S 4,451,50034 5 4,845,109.95 S L53445 S I,,866

LI \BILITIFS RI SLR\ ES AND

F NDB\LANCE

S '2985 S I 'or -1) 8 18, 54)0 8 1989330 5 280,071.16 S 56,315"

lb -o
Re er e ii 2 Orhei Dep r- 'is F 35:8 B-' 14'( its B2 317,183 28 .485 '2 4,06' 193 14 4,230 07660 1,53445
ic S '-late i,' '-co leser 0
ciiI Cr ahilne, 109,s3604 1)174'
I siei'u'id Pi' able t urrent Fund I 3846.58 53s,s)s 19
0th nterfu Os P vab e o 000

1,7846 S 18,3847 8 12,22511 5 4451,800 34 5 153445 5 1,5866

2008 2007

( ah and F qins alent, S 5 0 73 S 32

Re. e ihlr ant tither \sscts 63500
lntertin'd Receis ,ihte from Current Fund 10,1)' 1"
0th t ltiLrfc,.d RIcer ible
1000 Of

5 48066 1 3 5 4,967 39640

LIABILIIIES, 'SESERSI S AND

FUND 01.1 ANCI

' e tc'r Lii - u'iihi —mid 5 3 10)521 S 18,19701

Prepad crc I 416'O 3 00

Re-C s e (hl,rr Depc N 4,393,246 68 Dl B!

Dec N' Stile c'b Si 'I 3,41610 2,897 70
Other I ablities 1(9)3604 N' 'l 41
Interfunds Payable to ( urrent I a td 7111,341
Oilier! tterfunds Pas able ti)

$ 4,806,00 73 S 4,°6 ,396 49

 IOWNSHIP 01 LWING
BI
COFN'IYOF MERCER

IRusi I1.NDs

S( HEDUI F OF OlDER RESLRVLS AND SPF(1A[ DFPOSITS

Balance Balance
July 1,2007 Receipts Disbursements June 30 2008

Tax Collector's lrust 1, 10765505 8 1 009,29865 $ 1 00759455 8 109,359.15

Parkmg AdJudication 3,245 11 164.00 3,409 11
I 'a nip ( oniinunity Centei 1 rust 5,626 62 36,859 50 41 336.12 1,15000
I rust ,49 15 " 346.15 -
Route 31 Project 3 54726 - 3,547 26
Zoning Trust 23,681.61 23,681.61
MunicIpal AllianLe 53 716.64 10,19600 63 91264 -

Devclopcis Fsciew Perfoimance and Insp'ction 2,280,64891 3,231 337 53 3,678,371 22 1,833,61522
Developei's Escrow Review 20996787 23321053 343 17840
Uniform ( oiistru,,tion (ode 546 18950 45835884 757,839 17 24(,
Asset I urfeiture Trust 27 334 14 12,04421 25,61641 13,761,94
Recreation 23,977.27 24534699 178,510.19 90,81407
Payroll Tm t 134115641 18209,31396 18215,78492
(ommunity best 10.372 (2 37,81500 42 358.70 S 82% 92
F iroi iinei ital ( on muss iii
ns 3m ti 1%) ('(' 400 00
Altoudable llousmmig Duselopmcnt bees 31283742 1 034,10987
Anon Sla'liei Donation
1 1 77009 4,bltm 92 4924.41 1,48260
llr'nielancl Secumity Donations 549 4() 450.00 90.00 90940
National Night Out Program 1,456 o2 145662
II alent Show Program 5 ('85 31 7,509,22 6 8%, 94 6 312.59
Patiiotic ('oninnttee 6 53000 ( 45n 3,735,5
Scoreboard Donation 40.00 40 00
Police OfEDuty hirployment 49,44595 509 919 93 477,92842 81,43683
Self Insurance '1 rust Wnmkcrs' I omp 8 524 16 154 884 87 88044 162,528.59
SelUlnsurance '1 rust - Sell Ii 69,961 06 407 719.15 323 025 52 154,65469
Animal Contiol 1 rust 13 496.08 11,155 60 12,315 87 12315 81
Public Assistanc,,. [ru t 1 586 67 52.22 155445
1 ummd 1,711 00 40500 9 11600
1ncl,mnned I unIs 2,897 36 14493 - 304229
Happy railsI - 13575 00 121111(1 00 1,575.0(1
Street and Sidewalk bund 10921.00 42 571.00 t 00 52,321 00

8 4 323,644.57 824 963,383.62 82489 781 51 8 4 24668

B B

51
 I OWNSHIP 01 FWING
13-2
C01. NTY OF MLRCER

TRUST FUND

SCHEDULE OF RESERVE FOR DOG FUND EXPLNDITURFS

FISCAL YFAR ENDED JUNF 30, 2008

B $ 13 496 08

Increased by
License 11.155 6()

24,651 68

Decreased by
Expenditures under R.S 11 12,315.87

Balancc-June3O,2008 B 1233581
I icense I ees Collected
2007 S 10,37320
2008 11,155.60

$ 21 528.80

Note. R,S 4:19-15 11

.there shall be transferred from such special account to the general funds of the municipality any
amount then in such special account which is in excess of the total amount paid into such special

account during the last two fiscal years preceding

 TOWNSHIP OF EWING
B-3
COUNTY OF MERCER

PUBLIC ASSISTANCE FUND

SCHEDULE OF CASH TREASURER

FISCAL YEAR ENDED JUNE 30, 2008

BALANCE - JUNE 30, 2008 B $ 1,534.45

ANALYSIS OF DETAIL 2008 2007 CHANGE

Public Assistance Trust Fund# I 51,534.45 S 1,586,67 $ 5222

B B

53
 I0VVNSHIP 011 WING
C

COUNTY OF MFR( FR

(iENLRAI CAPITAL 11 ND

STA 1 EMEN IS OF ASSL IS. LIAI3II II IF S RF SFRVES AND FL ND BALANCE

Si \TU1ORY BASIS

June 30
Reference 2008 2007

AS SF I S

Cash C- I $ 951,438.47 S 1,664,238.36

Grant Receivable - Environmental Infrastructure I rust (-1 287,292 00 287 29200
Lease Program Receivable (-1 331,11689
Due from Performance Inspection I rust I und C 1 5,000 00
Deferred Charges to Futuie I axation Funded 21 669,016 00 24 314,848 00
Deferred ( harges to Future Taxation F nfunded C-2 1 757,500 00 807,500.00

S 24,665,246.47 S 27,409,995 25

I IABILITIES, RESFRVFS AND FUND BALAINCF

Seiial Bonds C -3 5 18,289,000.00 5 20 639,000.00

Bond Anticipation Notes C 2 ( 4 807,500 00 807,500 00

Other Liabilities and Reserves

(jieen Trust loan Payable C-S 55512700 655,1 7800
NJ Fnvironmental Infrastructure Tru t Loan Payable C8 2 824,889 00 3,020,670.00
Reserve for Encumbrances Cl 135,102.53 337,203.66
Reserve for Debt Service (-I 23 255 54 23,255 54
( apital Improvement F und ( I (-9 12,500.00 12 50000

Improvement Authorizations
F nfunded (-6 1 187,500,00 267,50000
Funded C 6 21,333 37 1308,65555

Due to ( urrent Fund (-I 229,493

Fund Balance ( 1 C7 109,039 03 109,039.03

$ 24 665,246.47 5 27,409 995.25

54
 TOWNSHIP OF EWING
C-I
COUNTY OF MER( ER

GFNERAL CAPIIAL FUND

ANALYSIS OF GENERAL CAPITAL CASH AND INVESTMLNTS

FISCAL YEAR ENDED JUNL 30, 2008

Fund Balance (,C-7 S 109,039.03

Capital Improvement Fund C 12,500M0

Improvement Authorizations:
01-28 Various Capital Improvements 280,263.35
04-02 Various Capital Improvements 277,994.96
04-14 Various Capital Improvements 3,494.36
05-28 Various Capital Improvements 78,891.79
06-22 Reappropriation of Canital Improvements 18.1 88 91
06-35 Multi-Purpose 12,500.00
06-35 Multi Purpose 237,500.00
08-06 Multi Purpose 50,000.00

Grant Receivable - Environmental Infrastructure T rust C (287,292.00)

Reseive for Encumbrances C 135,102.53
Reserve for Debt Service C
C $ 951,438.47

55
 TOWNSHIP OF EWING
C-2
COUNfY OF MFRCER

SCHFDULE OF DEFERRED CHARGES TO FUTURI TAXATION UNFUNDED

FISCAL YEAR ENDED JUNE 30, 2008

Ordinance Balance 2008 Principal Balance

Number Improvement Description June 30, Authorizations Paydnwn Bonds Issued June 30. 2008

06-28 Various Capital Improvements S 570,000MO $ S - S - 5 570,000 00

06-35 Various Capital lmpro\ ements 237,50ft00
08-06 Various ( apital - 950,00ftOO

Total $ - $ - $

C C-6 C-3 C
 (ON \SH F 01 (WING

COl TYOI 'CIESR(ER

0 '4FRA (APIL FUNI

SI HELl IF OF (ILNERA SERIAL RON )S

11SF AL YE AN END8 1)11 NI 30 2000

Mall 1st at Flu 11

(SI 'Ia 06,1 I, 40

)aIeo us, Is lr ,s,lls BalauseirncO,260 4 0 C 111 sd Ralanssl uu (0 2(108
R undo I ( 02510) 1 I 4 05,11)1 45 1) 92 (1 10 S S 41 00))) 7 5) 0 10
I III
0)
I II 16111>1 4(
II I IC Ia 4
1)11 182

S I CS 01 2 1) I 411 1141(1 I 2 1 I 08 (00 4>1) ,4 1(10 1 5)89 101 31)

5 03 (1)11101 4 1

IF 1 III) (0
5 56 III 11

I 2 S,II,II 4120

20>) Fe, ', Rs (1111 1111 1) I 45110> (0 II 31 00

11 I 00
11 45011
(111 19090
1 1 0 000 >5001
I I I 5 0) 5000

0(3 20)4 N I 5141 1)

(4 04 9 0 06 6 1 08 ' 0) 0 '1)1 2 1 0)9> 5 1001 >0 I 081(1000
(193 11111 '01'
I 11 ' 111111,1 >

6 1 1

9 1 4) 9 1(0300
3 1' 401
9 4910
91(1 40)00
3112 4001
31 3 40)0
3114
II 4(131
9(11 4(1

206 9(1 0 S 8 2 (50(0) (81283000.10

57
 ______________ _______________

1 OWTN SHIP OF EWING

COF NTY OF MLRCFR

C4
GLNE RAE CAPITAL I LND

SCHEDULE OF BOND AN [ICIPA liON NOTES

F ISCAL YEAR F NOEl) JUNE 30, 2008

Ordtnance Date ol Date Balance Balance

Improvement Descnption \uniher ot Onema Date of issue of Maturity Interest Rates June30 2007 Increased Increased June 30, 2008

Various Capital Improsements 1 1 3 41°o S 00 00

various Capital Improvements On-35 ul 01-30-W' 1 1-08-08 o 00
00

C C
 IOWNSHIPOF EWING
(5
001 NIYOI MLR(LR

GLNERAL(APJ1AI lEND

S( IILDI LL 01 GRE EN I RE S IL OANS PAYABLE

I 151 AL YLAR LNDLD 31 NL 30 2008

(clerence

BAt ANE 1 1 NI 30, 2007 865517800

DIE itS
RE I'M Ml N ISO PRIN( IPAI 10005100

BAL AN( 1 JI NL 30. 2008 ( 8555 12 00

nan Pnncrpal

Be e they
I rural Year July 2Otr 25th Januar 20tI June 25th October 20th Apri 20th March 5th Sept. 25th lotal

2009 8 9,322 8 S 9415 5 11 545 $ 12,9 4 S 12 122 $ 121(2 5 656 0

2010 9509 96115 I 1(1 132 4 12 361 12 70 tRO
2(111 1336 13500 12614 t2 40) I 07)
21)12 13635 13,72 12,868 2741 301)
2013 13909 14,04 13,127 1299' 54,081
2014 14189 14329 I 391 13,258 55166
2115 13 610 13524 27 84
2016 13934 13796 2 ,"IO
2017 14214 140/3 28287
2018 4500 14, 56 28,856
2019 14)1 1464 29436
2020 - 50 3 14939 311,028
2021 ' 15395 15,239 30,6 4

818,831 8 81,048 8 81,857 8 178070 $ 1/6301 8 555,12

59
 ___________ _________________
________

IOVvNSII
C6
(DC NT'r 01 \IIRCTR

GINIRAI CAPIT\LItND

SC IIEDt F OF IMPROVFME NI a,f lIlC)RlZ\IIONS

FISCAL YC AR F-NULl) JUNF 30 2f 8

Balance June 30. 200 2008 Balance June 302008

C'apital Deferred
Oid nincc Orduian -e F iso ibrances Charges to Paid or
o In pros ement D 'is iption 4 ciount Ft nded I Cancelled I ml I uture I axattoi I unded Unfunded

S 5, 5 2 - S
99-10 Stabilization of Shabak nk (reck 54.233 30 S 262,667 85 S S

)l-28 Varo usC apital lnsproscincnts ,427,300 216,629 54 63634 31 280,263 .3

7 I 20595
04-02 \.a us Capital Improsement 550M0C 291.198 91
777 99496

04 14 Vanous Capital mproserncnts 200M00 95,58C 12 9208 76 3,494.36

19 Va ions Capital Imp ovc nenn 56947 3.048 98 3.048 98

05 28 S arious C apital lmprovemei ts 1 825 00000 249,425.27 170,53348 78891 9

52 Cap tal Improsers ins 12643000 1 '14536 1.84336

1
Of 22 Reapprpnati ii Capital Imp ovenients 233 01203 173 6202 157,573 18.18891

56 28 Road Improverre its 570,000.00 30,000 00 70,000 00

06 55 Multi Purpose 250,C0000 1250)00 257,50 00 12,50000 237,50000

08(6 Mu ti 1.000.000 Of 50000,00 950.00000 — 50,00000 950,000 00

81,308.6535 8267,50000 5 63,634 41 8 50,000.00 $ 950,00000 873095649 5, 721 3313 5,1,187,50000

C9 C-2 C C
 TOWNSHIP OF FWING
C7
COUN1Y OF MERGER

GENERAl CAPITAL FUND

STATEMENT OF CHANGES IN FUND BALANCE

STATUTORY BASIS

FISCAL YEAR ENDED JUNE 30, 2008

Reference

BALANCE June 30, 2007 C

BALANCE June30 2008 C, $109,039 03

61
 TOWNSHIP 01 EWING
C-8
COUNTY OF MERCER

GENERAL CAPIFAL FUND

SCHEDULL OF NJ LNVIRONMLNTA[ INFRASTRUCTURE TRI ST LOAN PAYABLE

FISCAL YF AR ENDED JUNE 30, 2008

Reference

BALANCE JUNE 30, 2007 ( $3,u20,b7u uO

1)1 CR1ASED BY
PRINCIPAL PAYMENTS 195,78100

BALANCE JUNE 30, 2008 C

Principal Repayment Schedule

Fund Loan 1 rust I nan

Jiscal Year August 1st February 1st August 1st Total
2000 5 83,855 S 22,250 S $ 201 105
2010 85,547 20,667 100,000 206,214
2011 87,129 18,840 105,000 210,969
2012 88,467 16,925 110,000 215,392
20113 92,882 14,836 120,000 227718
2014 93,958 12,600 125,000 231,618
2015 94,947 10,397 130,000 235,344
2016 99014 7,960 140,000 246,974
2017 99,741 5,436 145,000 250,177
2018 103,547 2,741 155,000 261,288
2019 104,014 160,000 264,014
2020 est 104076 170,000 274,076

$1 137,177 5 132,712 81,555,000 S 2,824,889

C

62
 1OWNSHTP OF EWING

COUN1 Y OF MERCER

GLNERAI CAPITAL FUND

STA1 EMENT OF CHANGES IN CAPITAL IMPROVEMENT FUND

STATUTORY BASIS

FISCAL YEAR ENDED JUNE 30, 2008

Reference

BALANCE June 30, 2007 C S l2,500M0

Add: Budget Appropriation 50,00ftOO

I 'ess
improvement Authoriiation Down Payments C-o 50,00€LOO

BALANCE June 30, 2008 C $

63
SUPPLEMENTARY INFORMATION
 TOWNSHIP OF EWING
SCHEDULF 1

OFFICIALS IN OFFICE AND SURETY BONDS

JUNE 30, 2008

Name Title Term Expires

Jack Ball Ma) or December 1. 2010 50,000
Bert Sternmann Council President December 31, 2008 50,000
Joseph Murphy Council Vice President December 31, 2008 50,000
Kathy Wollert Council Person December 31, 2010 50,000
I es Summiel Council Person December 31, 2008 50 000
Donald Cox Council Person December 31, 2010 50,000
David lhompson Business Administrator Civil Service 50,000
Stephen Elliott Municipal Clerk May 31, 2009 50,000
Michael Hartsough Attorney December 31, 2008
John Barrett Chief FInancial Officer December 31, 2009 1,000,000

ASSESSMENT OF TAXES:
Jeff Burd Assessor June 30, 2010 50,000

COLLECTION OF rAXES:
Thomas Hespe Tax Collector December 31, 2008 500,000

OTHER DEPARTMENTS:
Ashley Hutchmson Prosccutor December 31, 2008
Acting Municipal Court Administrator il Service 50,000
Maryann ZehI
Paul Donini Public Defender December 31, 2008
Robert Coulton Police 50,000
Vvilliam Emey, Jr. Construction Official, Assistant Zoning Officer, & Fire Official Civil Service 50,000
W. Allen Lee Health Officer Civil Service 50,000
CMX Engineering Engineer December 31, 2008
Theodore Forst Recreation Superintendent. Director Community Services Civil Service 50,000
Robert Wood February 1. 2009
Martin Posluszny Superintendent of Sanitation Civil Service 50,000

Roizer Baler Municipal Judge December 31, 2008 50,000

id Kenny Negotiator December 31, 2008 50,000
 'tOWNSHIP OF EWING
SCHEDULE' 2
S(HI DULF OF TAX RATE TAX LI VY AND TAX COLLFCI IONS

2008

Rate Information
2008 2007 2006
Total lax Rate 4.41 $ 4,34 S 4.26
Apportionment of Tax Rate
Municipal 0.88 0 86 0,73
County 0.94 (i 89 0 93
I ocal School 2 59 2 59 2 60

Assessed_Valuation Net Valuation Taxable

2008 2(07 201)6
81828 17% 843 $ 1,816428,761 S 1,798,766,704

I ax Levies and Cash CoO cetions

Year 'I s ( ash Collection of Collection

8Y2008 $ 79%7776 5 79884,533
FY 2007 77,528 760 77,442 586 99 890o
1Y2006 72363,629 99 85%
1Y2005 72012494 71,906,308 9985°c
FY 2004 67 187 597 66,975,368 99.68%

Delin.qVqpt Taxes and 'lax '1 itle Liens

Amount of Amount of Peieeniape

eai 'lax Tile Liens Delinquent Ta\es 'Iotal_Delinqunt 1 es Fnullccted
I 2008
Y $ 282 '75) 5 52,226 S U4,979 042%
FY 2007 253,691 76,123 329 811 043%
FY 2006 287,878 140,895 0 59%
F Y 2005 329 960 162 863 492,823 0.68%
FY2004 300227 290,744 590971 088°c

he value of property acquired hy liquidation of tax title liens on the basis of the last
'1 valuation of
such propertie' was as follnv s
Year Amount
2008 8 965 600
2007 600
2006 600
2005 965,600
20u4 965,uuu

65
STATISTICAL SECTION
 1OWNSHIP OF FWING
Table I

COt. NTY OF MERCER

RFAL ESTATE ASSESSMENT INFORMATION

UNAt. DITED

TREND OF REAL ESTATF VALUATIONS

P(.icentadt.
Net Assessed Equaliicd Net
Valuation Taxable Valuation to Market Value

2008 $ 1,828,178,843 $3 162,487534 578100

2007 1,816,428,761 2,870,584,515 63.08° ()
2006 1,798,766 704 2 620,213,524 68 65%
2005 1,782,975,217 2,599,089,217 68.60%
2004 1,758,782,989 2432 618,242 7230%
2003 1,747,085,150 2 161,431 585
2002 1,727 616,303 1,935,704,541 8925%

RLAL PROPER1 Y VALUATIONS (in thousands of dollars)

Vacant & I aims Residential Commercial Industrial Apartments Pers, Property Total

2008 $ 16099 $ 1,306,717 $ 414 832 $16,415 $ 65,536 $ 8,580 $ 1,828,179

2007 16,740 1,293 637 414,022 1 n 415 65,986 9,629 1,816 429
2006 20,900 1,268,422 416,137 16M7 67219 9,452 1798,767
2005 21,752 1,259,468 404,333 17,769 68,869 10,784
2004 17,508 1,238,186 411 333 19,927 60A7l 10,956 1 758,781
18,557 1,228,679 402,189 19 579 12,638 1,747,083

66
 TOWNSHIP OF EWING
Table 2
(OFJNTYO[ MERCER

SCHEDULE OF LARGES I TAXPAYERS

UNAUDITI ED

As a Percent of
2008 Assessed Total Net Assessed
3 axpaycr Business lype Valuation '1 axable Valuation

I Manufacturers
N 1
lnsui ance 5 47,037,200 2.57%
2 Pfizer, Inc. Pharmaceuticals 18477900 1 01%
3 Mountainview Officc Park Commercial 17,578,950 0.96%
4 Educational lesting Sei vices Education 14,463,700 0 79%
5 Levm Properties Retail 12,656,000 069%
6 Halston Builders Apartment C omplex 10,201,800 0.56%
7 Rivers Edgc Apts Apartment Complex 9,573 300 0.52%
8 Herring Land Group LL( Office Park 9,000,000 0.49%
9 lnn of Anienca (ci) F wing I Iutel 8,945,200 0.49%
10 Ewing Lt Apartment C omplex 8 756 800 AQO
/0
11 Lastgate Ilighgatc Apt Apartment Complex 8,150,300 0 45%
12 Ewing Properties C!O Hilton Realty Office 7,881 000 0 43%
13 Eggerts Crossing Assoc. Apartment (omplex 6,700 000 0 37%
14 Bell Atlantic/Verizon Communications 15,407,143 0.84%
15 Ludlow Properties Commercial 6,250,000 0.34%
16 The Home Depot Homc Depot 6,160,000 0.34%
17 Trenton C ountry Club Recreation 6,115,800 0.33%
18 Phillips Assoc, Commercial 5,854,500 0.32%
19 CenlarFSB Office 4,52R,800 025%
20 lIon asote Industrial 5,010 700 0.27%
21 Brookfield Gaidens Apartnicnt ( omplex 4 367,700 0.24%
22 RH 11, LI C O 16cc 'Wam LhousL coo 0 23%
$ 237 12 99%

67
 IOWNSIIIP 01 EWING

COf NIY 01 MERCFR

I PF R C API3 A AND BUDCJI I PLR( EN EAGLS FOR SI LE( ILl) OPFRAI INC
FUNC lIONS

2008 2007 2006

General Government $ 2 129,114 $ 2,299,231 $ 2,174,427

Percent to lotal 436°o 538% 505%
(ost pet (apita $5963 $6439 $6090

Boards and Committees 287 890 104,750 104,372

Percent to lotal 059% 024°( 024%
Cost per Capita $8 06 $2 93 $292

Insurance 5,685,650 5,657 600 5,376,202

Percent to Total 11 64°o 1323°A 12 49%
(ostperCapita $15923 $15845 $15056

Public Safety 10,151,398 11103769

Percent to lotal 20 79° 23 2579%
Cost per Capita $28430 $280 17 $31097

Public Works 2713 934 2,887,381 2,983,920

Percent tolotal 556% 675% 693%
Cost per C apita $7601 $8086 $83 57

Recreation, Health and Human Service 2,227,951 2,448,837 1,869,169

Percent to Total 4 56% 5 434%
Cost per C apita $62 40 $6858 $5235

I tilities and Bulk Purchases 1,318,322 1,170,000 1 205,002

Percent to I otal 2 70° 2 74% 2 80°/a
Cost per ( apita $36 92 $32 77 $3375

1 rash and Disposal 1 575,750 1 575,000 2 749,268

Pcrrent in lotal 323°A 3 68U 0
Co t Per C'apiti $44 13 $44 11 $77 00

Public & Private Piograms Offset by Revenues 2,915 444 1,855 474 789,83
Percent to Total 597U 434% 1

Cost pci Capita $8165 ¶5196 $2212

Debt 3,740 lTh 3,975,798 3739,099

Perrcnt to total 60° 9 8 69%
Cost per Capita $104 75 $1 1 5 $10472

Rescrs e for I ncollected Taxes 309,727 30/ 518 283,245

Peicent to lotal 03°° 072% 066
C ost pci C apita 6 $861 $793

Other and Statutory 15 773 178 10478 237 10 610,351

Perr ent to I otal 3230% 24 50°/ 24 79°
Cost per C apita $44174 $293 45 $298 83

Total Annual I'xpcnditures 48 828,735 42,763,701 43,048,661

local Taxes 16,493 021 12,956 031 12534756

Population I ast ( ensus 35 707 35 70 35,707

68
 IOWNSHIP OF EWING
Table 4
COUNTY OF MERCER

RATIO OF BONDED DEBT, BOND ANTICIPATION NOTES, AND LOANS TO EQUALIZED VALUE AND DEBT PER
CAPITA

LAST FIVE FISCAL YEARS

Ratio of Gross Ratio of Net

Bonded Debt Bonded Debt Net
Ai erage Equalized Debt per to Equalized to Equalized Bonded Debt
Year Population Valuation Debt Capita Valuation Bonded Debt Valuation per Capita

2008 35,707 S 3,162,487,534 S 23,426,516 $ 656.08 0.74% 5 18,289,000 0.58% 51220

2007 35,707 2,839,590,632 25,122,348 703.57 0.88°c 20,639,000 0 73°o 578 01

2006 35,707 2,620,213,524 27,031,424 757 03 1 03°o 23,059,000 o45.78

2005 35,707 2.355,323,433 27,898,036 781.30 16,274,000 0.69°c 455.76

2004 35,707 2,146,719,432 26,839,571 751.66 1.25°c 18,449,000 0 86% 516.68

FINDINGS AND RECOMMENDATIONS
 TOWNSHIP OF EWING

SCHEDULE OF FINDINGS AND RECOMMENDATIONS

FISCAl YEAR JUNE 30, 2008

The following findings and recommendations resolved from the June 30, 2007 audit, are as follows:

During the audit, we noted the follow ing exceptions to the purchasing requirements shown above'

• For one vendor with purchases during the year in excess of the bid threshold, there was no
documentation that a bid was solicited

Current fund appropriation over-expenditures totaled $1 22,939,87.

Fin #2007-03:
The fiscal year 2008 budget does not include a full appropriation fur the appropriate amounts of obligations
to Fwing Lawrence Sewerage Authority

We t ecognize that the Township's finance department had pci sonnel changes during the course of the year
2007. However thci e were significant delays and difficulties in closing the financial records at year end,

Dog licenses are distributed out of sequcnce. The total licenses issued during the year do not equal the
replacement licenses plus the amount of paid licenses These numbers are not reconciled to the monthly
reports. There was one license issued with no fee that was not for a service dog and was not indicated as a
replacement tag. Also, pre-nurnbcred receipts are not being used to record the collection of license fees
paid, and employees have the ability to edit the amounts collected in thc computer system.

In Construction Office, monies received are not being deposited ithm 48 hours, as is required by statute,

Monies received by the health department are not being deposited within 48 hours, as is required by statute,

IU
A majority of the resolutions in the minutes were missing resolution numbers,

7()
 TOWNSHIP OF EWING

SCHEDULE OF FINDINGS AND RECOMMENDATIONS

FISCAL YEAR JUNE 30, 2008

Findings and recommendations from June 30, 2007 are still applicable as

Firidinu
The Township does not comply with Accounting Directive "Accounting for
Governmental Fixed Assets"

The Municipal Court's cash disbursements are eviewed and approved bythe court administrator, who also
prepares bank reconciliatmons Also, tickets eligible for destruction were pulled hut not disposed of as
required.

71
 TOWNSHIP OF EWING

COUNTY OF MERCER, NEW JERSEY

FINDINGS AND RECOMMENDATIONS SECTION

JUNE 30, 2008

Contracts reeinen Re uired to be Advertised fpr N.J.S. 40A:l 1-4

N.J S. 40A:ll -4 states, "Every contract awarded by the contracting agent for the provision oi performance
of any goods or services, the cost of which in the aggregate exceeds the bid threshold shall he awarded only
by resolution of the governing body of the contracting unit to the Ion est responsible bidder after public
advertising for bids and bidding therefore except as is provided othern in this act of specifically by any
other Ian

N.J. S. 11 -3a states, in part, "When the cost or price of any contract an arded by the contracting agent
in the aggregate does not exceed in a contract year the total sum of $21 ,0U(), the contract may be awarded
by a purchasing agent n hen authorized by ordinance or resolution, as appropriate to the contracting unit,
of the governing body of 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 loner threshold for the receipt of
public bids or the solicitation of competitive quotations."

Subsection c, of N.J.S. 40A. 11-3 directs the Governor, in consultation with the Department of the
lreasury, to adjust the threshold amounts every fifth year after enactment of P.L. 1999 c 440.

Public Bidding Compliance

The minutes indicate that bids were requested by public advertisement for the following items:

A/C Units Repairs/Upgrade

Laserfiche Document Imaging
Electrical Upgrades
Mt. View Road Improvements
Carlton Avenue Road Improvements
Bicycle Safe Grates
Inlet Curb Piece Covers
Fire Truck
Chair Lift
Roadway Inrprovenicnt Project
Law Enforcement Vehicles
o ADA lmprovements
• Network Support
• IT Services

72
 TOWNSHIP OF EWING

COUNTY OF MFRCER, NEW JERSEY

FINDINGS AND RECOMMENDATIONS SECTION (CONTINUED)

JUNE 30, 2008

I he minutes indicate that resolutions were adopted and advertised authoriiing the awarding of contracts oi
agreements for "Professional Services" per NLS 40A. I 1-5.

Insofar as the system of records did not provide for an accumulation of payments for categories for the
performance of any work or the furnishing or hiring of any materials or supplies, the results of such an
accumulation could not reasonably be ascertained Disbursements were iewed, however, to determine
whether any obvious violations existed, as indicated in the comments and recommendations current year

Any interpretation as to possible violations of 40A:ll-4 or NJ 5:30-14 would be in the

province of the municipal solicitor.

Additional Information

Li ens

The last acceleiated tax sale was held on June 24, 2008, and was complete.

Criteria

New Jersey 1 echnical Directivc #85-2 requircs a detailed Fixed Asset Account Group ledger he maintained
and updated annually.

Condition

A detailed Fixed Asset Account Group ledger is not being maintained as required under technical directive
#85-2.

Cause

The Fownship has not implemented procedures to track fixed asset additions and deletions on an
ongoing basis

Effect

Fixed Asset Account Group balance is not supported by a detailed ledger.

73
 TOWNSHIP OF EWING

COUNTY OF MERCER, NEW JERSEY

FINDINGS AND RECOMMENDATIONS SECTION (CONTINUED)

JUNE 30, 2008

Recommendation

We recommend that the Township implement procedures to track additions and deletions of Fixed Assets
First, as opposed to informal Excel files, we suggest that the Finance Department explore ways to
either integrate the Fixed Asset Account Group into its general ledger system or develop a separate sub-
ledger. Second, the Current Fund general ledger system should be modified to flag expenditures that should
ultimately be reflected in the fixed Assets Account Group.

Criteria

New Jersey Local Finance Board N,J,A,C 5'30-5,3 requires a chief financial officcr be responsible for
determining the availability of sufficient funds for all contracts and amendments thereto,

Condition

We were unable to examine a certificate of availability of funds for one of the bid contracts awarded under
Local Public Contract Laws.

Cause

We were not provided with one certificate of availability of funds document for audit.

Effect

The certificate of availability of funds requirement could not be determined in this one instance,

Recommendation

We recommend that the I ownship maintain copies of all certificate of availability of fund documents to
comply with the requirement stated by 5:30-5,3.

74
 TOWNSHiP OF EWING

COUNTY OF MERCER, NEW JERSEY

FINDINGS AND RECOMMENDATIONS SECTION (CONTINUED)

JUNE 30, 2008

Ciiteria
The court should have an individual independent from both the cash receipt and cash disbursement
functions to prepare the bank reconciliation,
Condition
Bank reconcihations are prepared by the same individual who is responsible for review and approval of
cash disbursements

Cause

No policy and procedure manual in place regarding segregation of duties,

Effect

Inadequate segregation of duties in preparation of bank reconciliations and in review and approval of cash
disbursements

Recommendation

We i ecommend that an individual who is independent from both the cash receipt and cash disbursement
functions should review the bank ieconcihations.

View of ble Officials and Plarmed Corrective_Action

The responsible officials agree with the findings and will address the matter as part of their corrective
action plan.

75