AUDIT - 2017

BOROUGH OF MILFORD, N.J. COMPARATIVE STATEMENT OF OPERATIONS AND CHANGE IN SURPLUS - CURRENT FUND

2017

2016

Revenue and Other Income Realized

Fund Balance Utilized

155,800.00

155,801.00

Miscellaneous - From Other Than Local Property Tax Levies Collection of Delinquent Taxes and Tax Title Liens

385,745.86

325,001.52

88,323.66

114,159.99 3,813,031.57 111,647.48 4,519,641.56

Collection of Current Tax Levy

3,979,715.05 181,895.52 4,791,480.09

Other Credits to Income

Total Income

Expenditures

Budget Expenditures: Municipal Purpose

1,324,141.08 414,417.80 2,822,915.00

1,147,391.31 415,032.21 2,671,594.00

County Taxes

Local and Regional School Taxes

Other Expenditures Total Expenditures

0.00

97,441.50

4,561,473.88

4,331,459.02

Excess in Revenue

230,006.21

188,182.54

Fund Balance January 1

823,314.85 1,053,321.06

790,933.31 979,115.85

Less: Utilized as Anticipated Revenue

155,800.00

155,801.00

Fund Balance December 31

897,521.06

823,314.85

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