SYNOPSIS OF 2024 REPORT OF AUDIT OF THE TOWNSHIP OF WINSLOW

COMBINED COMPARATIVE STATEMENTS OF ASSETS, LIABILITIES, RESERVES

AND FUND BALANCE--REGULATORY BASIS

ALL FUNDS

Dec. 31, 2024

Dec. 31, 2023

ASSETS

Cash, Investments, and Prepaid Debt Service

$ 39,730,090.31

$ 32,435,169.43

Taxes, Liens and Utility Charges Receivable

9,816,212.04

10,334,778.62

Property Acquired for Taxes -- Assessed Valuation

2,193,800.00

2,193,800.00

Accounts Receivable

5,240,066.50

4,358,737.83

Fixed Capital Authorized and Uncompleted -- Utility

10,429,850.00

10,429,850.00

Fixed Capital -- Utility

70,876,529.00

70,876,529.00

Deferred Charges to Future Taxation --

General Capital

13,040,899.12

13,496,950.89

Fixed Assets

31,048,151.33

30,652,431.70

Total Assets

$ 182,375,598.30

$ 174,778,247.47

LIABILITIES, RESERVES

AND FUND BALANCE

Bonds, Notes and Loans Payable

$ 28,821,967.22

$ 27,349,915.88

Improvement Authorizations

1,866,032.90

4,595,957.34

Other Liabilities and Special Funds

36,407,430.79

29,127,210.57

Amortization of Debt for Fixed Capital Acquired or Authorized

64,565,114.90

63,286,218.01

Reserve for Certain Assets Receivable

12,914,421.04

12,657,512.02

Fund Balance

6,752,480.12

7,109,001.95

Investment in Fixed Assets

31,048,151.33

30,652,431.70

Total Liabilities, Reserves and Fund Balance

$ 182,375,598.30

$ 174,778,247.47

SYNOPSIS OF 2024 REPORT OF AUDIT

TOWNSHIP OF WINSLOW

COMPARATIVE STATEMENTS OF OPERATIONS AND CHANGES IN

FUND BALANCE -- REGULATORY BASIS

CURRENT FUND

Revenue and Other

Income Realized

Dec. 31, 2024

Dec. 31, 2023

Surplus Utilized

$ 1,967,885.00

$ 1,967,885.00

Miscellaneous -- From Other Than

Local Property Tax Levies

16,652,153.39

18,640,644.96

Collection of Delinquent Taxes

and Tax Title Liens

1,716,089.95

1,956,861.63

Collection of Current Tax Levy

105,541,835.62

102,418,795.37

Other Credits to Income

48,000.71

151,778.46

Total Income

125,925,964.67

125,135,965.42

Expenditures

Budget Expenditures:

Municipal Purposes

35,494,691.96

37,018,820.76

Fire District Taxes

7,591,428.08

7,307,169.13

County Taxes

26,427,270.48

25,605,420.14

Local School District Taxes

54,198,332.00

53,135,620.00

Other Expenditures

1,080,695.18

162,369.34

Total Expenditures

124,792,417.70

123,229,399.37

Statutory Excess to Fund Balance

1,133,546.97

1,906,566.05

Fund Balance

Fund Balance January 1

3,561,415.87

3,622,734.82

4,694,962.84

5,529,300.87

Decreased by:

Utilization as Anticipated Revenue

1,967,885.00

1,967,885.00

Fund Balance December 31

$ 2,727,077.84

$ 3,561,415.87

SYNOPSIS OF 2024 REPORT OF AUDIT

TOWNSHIP OF WINSLOW

COMPARATIVE STATEMENTS OF OPERATIONS AND CHANGES IN

FUND BALANCE -- REGULATORY BASIS

WATER-SEWER UTILITY OPERATING FUND

Revenue and Other

Income Realized

Dec. 31, 2024

Dec. 31, 2023

Surplus Utilized

$2,650,000.00

$ 2,600,000.00

Collection of Water Rents

11,828,910.85

11,042,279.06

Miscellaneous - Other than Water Rents

1,867,422.14

1,455,217.19

Other Credits to Income

2,370.90

48,303.19

Total Income

16,348,703.89

15,145,799.44

Expenditures

Operating

8,143,331.21

7,697,629.95

Debt Service

1,722,016.76

1,585,873.44

Deferred Charges and Statutory Expenditures

3,256,478.67

3,153,808.05

Other Expenditures

45,021.97

22,942.37

Total Expenditures

13,166,848.61

12,460,253.81

Excess in Revenue

3,181,855.28

2,685,545.63

Fund Balance

Fund Balance January 1

3,335,504.73

3,249,959.10

6,517,360.01

5,935,504.73

Decreased by:

Utilization as Anticipated Revenue

2,650,000.00

2,600,000.00

Fund Balance December 31

$3,867,360.01

$ 3,335,504.73