City Council

Finance Department 400 Boulevard Jennifer Semler, CFO Mountain Lakes, NJ 07046 jsemler@mtnlakes.org P -973-334-3131 ext. 2008 To: Mitchell Stern, Borough Manager Date: August 1, 2025 Subject: Second Quarter 2025 Current Fund Budget Report Attached is the second quarter budget report for the Current Fund Budget. Below are the significant items of note for the second quarter of 2025. Revenues:  There are revenue line items that are expected to be different than 50% collected by the end of Q2. These items are, along with commentary on each: o Amount to be Raised by Taxation – 17.64% – Entry to realize Reserve for Uncollected Taxes is done in April; all other entries are done at year end. Collection percentage is consistent year over year (YOY). o Liquor Licenses – 101.50% – Payments are due by June 30th. Collection percentage is consistent YOY. o Cable Franchise Fees – 100.00% – Budgeted amount is the known cash collection that is received in the first half of the year. o Recreation Fees and Income – 93.98% – Most of the programming revenue is received in the first half of the year for summer programs. Collection percentage is consistent YOY. o State Aid Revenue – 0% – Historically received in July through November. Collection percentage is consistent YOY. o Receipts of Delinquent Taxes – 78.42% – Historically, most collections of this revenue occur in the first half of the year. Collection percentage is consistent YOY. o Revenue lines charged after budget adoption:  Capital Surplus – General Capital – 100%  Utility Fund Balance – 100%  Reserve for Debt Service – 100%  Federal & State Grant Revenue – 100%  There are revenue line items that are not expected to be different than 50% collected by the end of Q2. These items are, along with commentary on each: o Interest & Costs on Taxes – 35.53% – Increase in anticipated revenue from 2024 combined with lower collections is resulting in a lower percentage than 2024 (74.57%). This decrease is due to a lower outstanding tax balance. o Interest on Investments – 59.26% – While the collections for 2025 are trending higher than the amount of time passed in the year, the collection percentage is down  from 2024 (120.94%). This is due to anticipating a higher amount of revenue while maintaining slightly lower cash balances. However, this does not pose an issue to the budget due to anticipated revenues being anticipated lower than actual cash received during 2024. o Board of Education SRO Shared Services – 29.11% – This lower than anticipated collection percentage is due to timing, as another payment was received in July. This is a new anticipated revenue stream for the Borough in 2025.  All other revenue line items are consistent with the amount of time that has passed in the year, as well as when compared to the same period last year.  Anticipated Revenue for 2025, net of the Amount to be Raised by Taxation, is $4,728,017.72, which is an increase of approximately $897K from Anticipated Revenue (net) for 2024. This increase is due to some additional usage of Utility Fund Balance, the anticipation of Board of Education SRO Shared Services Revenue, increased anticipated Interest on Investments, and a significant increase in Federal & State Grants, offset slightly by a lower amount of anticipated Receipts from Delinquent Taxes. Through Q2 2025, 59.40% of this net amount has been received, versus 55.58% through Q2 2024.  Revenues will continue to be monitored monthly and any discrepancies or issues will be investigated and resolved. Expenditures:  There are expenditure line items that are expected to be different than 50% expended by the end of Q2. These items are, along with commentary on each: o Timing of payments:  Annual Audit – 100% – Audit is complete for 2024.  Finance – Other Expenses – 74.44% – Timing of payments for Accounting System.  Tax Collector – Other Expenses – 64.26% – Timing of payments for Education for Tax Clerk.  UC – Other Expenses – 62.15% – Timing of payment related to Construction office software.  LOSAP – 0% – Payment occurs at the end of the year.  Payment of Bond Principal – 39.26%; Interest on Bonds – 50.60% – Timing of payments and amount of payments varies depending on each Bond Issuance.  Payment of BAN Principal – 0%; Interest on Notes – 0% – BAN payments to be made in October.  Recreation Department – S&W – 26.95% – Significant programs are held in the summer months; Q3 report expected to have a higher percentage expended.  Various utility accounts have expenditures that are delayed by one month, which leads to variability in the percentage expended.  For all of the above, the percentage expended and encumbered is consistent YOY. o Accounts where there are significant encumbrances for full-year services or contracts:  Tax Assessor – Other Expenses – 93.62%  Legal Services – Other Expenses – 71.85%   Group Insurance Plans -Employee – 60.17%  Interlocal Services – Morris County Dispatch – 100%  Solid Waste – Other Expenses – 87.25%  Aid to Public Library – 100%  Shared Services – Health Services – 100% (new for 2025)  For all of the above, the percentage expended and encumbered is consistent YOY o Appropriation lines charged after budget adoption:  Insurance – Unemployment Compensation – 100%  Accumulated Leave Compensation – 100%  Grant Expenditures – 100%  Capital Improvement Fund – 100%  Deferred Charges – 100%  Reserve for Uncollected Taxes – 100%  For all of the above, the percentage expended and encumbered is consistent YOY.  There are expenditure line items that are not expected to be different than 50% expended by the end of Q2. These items are, along with commentary on each: o Favorable:  Other Expenses – General Administration (37.92%); Mayor & Council (26.87%); Computer Services (32.97%); Planning Board (36.24%); Board of Adjustment (24.70%); Fire Department (26.12%); Shade Tree Commission (6.69%)  Salary & Wage – Tax Collector (38.93%)  Other – Engineering Services (25.78%)  Favorable expenditure percentages will be monitored and re-evaluated during the Q3 review process. o Unfavorable:  Planning Board – S&W – 59.40%; Board of Adjustment – S&W – 59.40%; Code Enforcement – S&W – 63.17% – Movement from PT employee costs to FT employee costs  Natural Gas – 67.32% – The natural gas bills have increase substantially since last year. This is likely an area that will need to be addressed in Q4.  Reserve for Tax Appeals – No appropriation for 2025 as additional reserve was not deemed necessary.  All other expenditure line items are consistent with the amount of time that has passed in the year, as well as when compared to the same period last year.  Expenditures will continue to be monitored monthly and any discrepancies or issues will be investigated and resolved. Please let me know if you have any questions. Thank you, Jen  Current Budget Report Comparison - 2025 Borough of Mountain Lakes Budget Comparison Current Fund - Revenue Budgets Activity to 6/30/2025 Activity to 6/30/2024 % Total Realized % Account Number Description Budget Activity Balance Received in 2024 Budget Activity Balance Received 01-190-07-200-000 AMOUNT TO BE RAISED BY TAXATION 7,453,523.61 1,314,799.38 6,138,724.23 17.64% 7,992,416.27 6,911,526.01 1,268,585.01 5,642,941.00 18.35% 01-192-08-101-000 ANTICIPATED SURPLUS 2,000,000.00 1,000,000.00 1,000,000.00 50.00% 2,000,000.00 2,000,000.00 1,000,000.00 1,000,000.00 50.00% 01-192-08-101-004 CAPITAL SURPLUS -GENERAL CAPITAL 477.91 477.91 - 100.00% - - - - 01-192-08-103-000 LICENSES - LIQUOR 12,500.00 12,688.00 (188.00) 101.50% 12,938.00 12,500.00 12,938.00 (438.00) 103.50% 01-192-08-104-000 OTHER LICENSES 1,800.00 1,825.00 (25.00) 101.39% 2,685.00 1,500.00 2,380.00 (880.00) 158.67% 01-192-08-105-000 FEES & PERMITS 35,000.00 16,504.00 18,496.00 47.15% 35,654.31 38,000.00 14,066.99 23,933.01 37.02% 01-192-08-106-010 CLERK'S FEES & PERMITS 4,500.00 2,149.00 2,351.00 47.76% 4,923.00 4,500.00 1,798.00 2,702.00 39.96% 01-192-08-110-000 MUNICIPAL COURT FINES & COSTS 26,000.00 12,498.80 13,501.20 48.07% 26,301.96 35,000.00 16,432.56 18,567.44 46.95% 01-192-08-112-000 INTEREST & COSTS-TAX COLLECTION 65,000.00 23,095.14 41,904.86 35.53% 78,580.30 45,000.00 33,554.94 11,445.06 74.57% 01-192-08-113-000 INTEREST ON INVESTMENTS 285,000.00 168,894.51 116,105.49 59.26% 371,694.07 147,909.46 178,875.16 (30,965.70) 120.94% 01-192-08-115-000 CABLE FRANCHISE FEES 15,814.27 15,814.27 - 100.00% 16,752.99 16,752.99 16,752.99 - 100.00% 01-192-08-116-000 UTILITY FUND BALANCES 96,645.63 96,645.63 - 100.00% 45,947.00 45,947.00 45,947.00 - 100.00% 01-192-08-118-000 RECREATION FEES & INCOME 85,000.00 79,885.00 5,115.00 93.98% 87,901.00 85,000.00 80,242.00 4,758.00 94.40% 01-192-08-119-000 RENT FROM RAILROAD STATIONS 43,000.00 22,137.72 20,862.28 51.48% 43,093.38 41,838.00 21,492.96 20,345.04 51.37% 01-192-08-120-000 T-MOBILE CELL TOWER LEASE 83,000.00 49,842.03 33,157.97 60.05% 83,252.60 80,050.00 41,078.58 38,971.42 51.32% 01-192-08-122-000 BOARD OF EDUCATION-FIELD LEASE 45,000.00 22,500.00 22,500.00 50.00% 45,000.00 45,000.00 22,500.00 22,500.00 50.00% 01-192-08-123-000 VERIZON GROUND LEASE 38,000.00 19,001.46 18,998.54 50.00% 40,339.67 36,090.00 18,448.02 17,641.98 51.12% 01-192-08-125-000 SOLID WASTE FEES 101,199.00 51,239.80 49,959.20 50.63% 101,199.74 101,307.00 51,199.74 50,107.26 50.54% 01-192-08-126-000 TRASH BAG RECEIPTS 3,000.00 2,312.50 687.50 77.08% 5,050.00 500.00 2,975.00 (2,475.00) 595.00% 01-192-08-128-000 DISH WIRELESS 30,000.00 15,276.96 14,723.04 50.92% 30,108.96 31,600.00 14,832.00 16,768.00 46.94% 01-192-08-160-000 UNIFORM CONSTRUCTION CODE FEES 163,600.00 82,529.00 81,071.00 50.45% 173,919.00 134,000.00 121,291.00 12,709.00 90.52% 01-192-08-227-000 RESERVE FOR DEBT SERVICE 60,504.47 60,504.47 - 100.00% 8,738.18 8,737.43 8,738.18 (0.75) 100.01% 01-192-09-000-000 STATE AID REVENUE (NON-GRANT) 422,268.48 - 422,268.48 0.00% 465,794.25 465,793.77 - 465,793.77 0.00% 01-192-10-000-000 FEDERAL & STATE GRANT REVENUE 834,227.96 834,227.96 - 100.00% 127,287.67 118,752.74 118,752.74 - 100.00% 01-192-11-110-000 SHARED SERVICES - BD OF ED - SRO 118,480.00 34,491.06 83,988.94 29.11% - - - - 01-192-15-499-000 RECEIPTS DELINQUENT TAX 158,000.00 123,902.98 34,097.02 78.42% 327,824.36 335,000.00 271,342.16 63,657.84 81.00% 01-192-18-001-000 CURRENT YEAR TAXES RECEIVED - 17,867,854.75 (17,867,854.75) 0.00% - - 17,501,196.63 (17,501,196.63) 01-192-20-200-000 UNANTICIPATED REVENUES (MRNA) - 59,912.81 (59,912.81) 0.00% 68,669.91 - 33,332.25 (33,332.25) TOTALS 12,181,541.33 21,991,010.14 (9,809,468.81) 180.53% 12,196,071.62 10,742,304.40 20,898,751.91 (10,156,447.51) 194.55% Revenues (Q2)  Current Budget Report Comparison - 2025 Borough of Mountain Lakes Budget Comparison Current Fund - Expenditure Budgets Activity to 6/30/2025 Activity to 6/30/2024 % % Expended Total Expended % % Expend. Account Number Description Budget Activity Encumbered Balance Expended & Encum. in 2024/2025 Budget Activity Encumbered Balance Expended & Encum. 01-201-20-100-001 GENERAL ADMIN - SALARY & WAGES 146,090.04 68,801.16 - 77,288.88 47.10% 47.10% 140,667.91 142,567.56 70,358.05 - 72,209.51 49.35% 49.35% 01-201-20-100-020 GENERAL ADMIN - OTHER EXPENSE 96,324.00 27,447.63 9,076.21 59,800.16 28.50% 37.92% 60,034.03 98,774.00 31,679.14 12,178.60 54,916.26 32.07% 44.40% 01-201-20-110-020 MAYOR & COUNCIL - OTHER EXP'S 6,550.00 260.00 1,500.00 4,790.00 3.97% 26.87% 3,207.96 6,350.00 751.32 - 5,598.68 11.83% 11.83% 01-201-20-120-001 MUNICIPAL CLERK - SALARY/WAGE 55,099.47 27,858.38 - 27,241.09 50.56% 50.56% 53,754.00 53,754.00 27,574.56 - 26,179.44 51.30% 51.30% 01-201-20-120-020 MUNICIPAL CLERK - OTHER EXP'S 29,364.00 6,604.15 9,364.48 13,395.37 22.49% 54.38% 19,406.12 28,084.00 3,059.58 5,014.53 20,009.89 10.89% 28.75% 01-201-20-130-001 FINANCE - SALARY & WAGE 72,086.25 36,006.20 - 36,080.05 49.95% 49.95% 67,307.91 71,860.45 33,697.92 - 38,162.53 46.89% 46.89% 01-201-20-130-020 FINANCE - OTHER EXPENSES 15,796.00 8,751.15 3,006.99 4,037.86 55.40% 74.44% 13,573.62 14,418.00 8,053.02 323.73 6,041.25 55.85% 58.10% 01-201-20-135-020 ANNUAL AUDIT 25,462.50 25,462.50 - - 100.00% 100.00% 24,987.50 24,987.50 24,987.50 - - 100.00% 100.00% 01-201-20-140-020 COMPUTER SERVICES 52,734.00 13,588.70 3,797.76 35,347.54 25.77% 32.97% 36,081.06 52,734.00 11,987.24 3,185.41 37,561.35 22.73% 28.77% 01-201-20-145-001 TAX COLLECTOR - SALARY & WAGE 36,000.00 14,014.95 - 21,985.05 38.93% 38.93% 33,543.95 39,122.10 15,413.70 - 23,708.40 39.40% 39.40% 01-201-20-145-020 TAX COLLECTOR - OTHER EXPENSES 9,260.00 4,977.59 972.50 3,309.91 53.75% 64.26% 5,287.53 7,225.00 3,467.13 - 3,757.87 47.99% 47.99% 01-201-20-150-001 TAX ASSESSOR - SALARY & WAGE 24,594.88 12,297.57 - 12,297.31 50.00% 50.00% 23,995.16 23,995.48 11,507.99 - 12,487.49 47.96% 47.96% 01-201-20-150-020 TAX ASSESSOR - OTHER EXPENSES 28,100.00 - 26,308.04 1,791.96 0.00% 93.62% 21,928.77 23,000.00 16,458.25 5,000.00 1,541.75 71.56% 93.30% 01-201-20-151-020 RESERVE FOR TAX APPEALS - OTHER EXPENSE - - - - 0.00% 0.00% 50,000.00 50,000.00 50,000.00 - - 100.00% 100.00% 01-201-20-155-020 LEGAL SERVICES - OTHER EXPENSE 107,500.00 39,882.50 37,355.00 30,262.50 37.10% 71.85% 72,672.88 110,000.00 31,829.99 34,183.50 43,986.51 28.94% 60.01% 01-201-20-165-020 ENGINEERING SERVICES 36,414.00 9,388.30 - 27,025.70 25.78% 25.78% 46,067.10 54,614.00 7,050.55 6,897.40 40,666.05 12.91% 25.54% 01-201-21-180-001 PLANNING BOARD - SALARY & WAGE 15,182.00 9,017.56 - 6,164.44 59.40% 59.40% 13,442.80 13,798.86 6,862.80 - 6,936.06 49.73% 49.73% 01-201-21-180-020 PLANNING BOARD - OTHER EXPENSE 16,000.00 5,523.62 274.73 10,201.65 34.52% 36.24% 13,680.77 13,750.00 9,283.30 343.11 4,123.59 67.51% 70.01% 01-201-21-181-020 HISTORIC PRESERVAT'N COMMITTEE 6,000.00 3,000.00 - 3,000.00 50.00% 50.00% 6,273.94 10,000.00 - - 10,000.00 0.00% 0.00% 01-201-21-185-001 BD OF ADJUST - SALARY & WAGE 15,182.00 9,017.56 - 6,164.44 59.40% 59.40% 13,442.75 13,798.86 7,352.32 - 6,446.54 53.28% 53.28% 01-201-21-185-020 BD OF ADJUST - OTHER EXPENSES 19,150.00 4,506.93 224.00 14,419.07 23.53% 24.70% 19,369.67 25,100.00 8,876.22 431.50 15,792.28 35.36% 37.08% 01-201-22-195-001 UNIFORM CONST CODE-SALARY/WAGE 144,426.64 66,088.99 - 78,337.65 45.76% 45.76% 133,658.35 151,999.50 66,717.38 - 85,282.12 43.89% 43.89% 01-201-22-195-020 UNIFORM CONST - OTHER EXPENSES 24,074.00 14,956.44 5.20 9,112.36 62.13% 62.15% 16,403.16 21,649.00 14,219.43 809.00 6,620.57 65.68% 69.42% 01-201-22-196-001 CODE ENFORCEMENT - SALARY & WAGE 56,071.00 35,722.77 - 20,348.23 63.71% 63.71% 53,191.05 54,740.00 26,570.97 - 28,169.03 48.54% 48.54% 01-201-22-196-020 COFE ENFORCEMENT - OTHER EXPENSES 500.00 - - 500.00 0.00% 0.00% - 500.00 - - 500.00 0.00% 0.00% 01-201-23-210-020 INSURANCE - LIABILITY 151,281.95 68,515.11 - 82,766.84 45.29% 45.29% 124,157.63 140,235.85 63,164.76 - 77,071.09 45.04% 45.04% 01-201-23-215-020 WORKERS COMPENSATION 102,646.00 51,322.99 - 51,323.01 50.00% 50.00% 100,928.99 100,929.00 50,464.49 - 50,464.51 50.00% 50.00% 01-201-23-220-020 GROUP INSURANCE PLANS-EMPLOYEE 578,952.34 324,200.34 24,160.08 230,591.92 56.00% 60.17% 457,199.75 495,021.97 239,704.19 22,343.64 232,974.14 48.42% 52.94% 01-201-23-222-020 HEALTH BENEFIT WAIVER 10,629.17 5,719.79 - 4,909.38 53.81% 53.81% 10,882.03 10,183.63 5,676.27 - 4,507.36 55.74% 55.74% 01-201-23-225-020 INSURANCE - UNEMPLOYMENT COMPENSATION 30,000.00 30,000.00 - - 100.00% 100.00% 20,000.00 20,000.00 20,000.00 - - 100.00% 100.00% 01-201-25-240-001 POLICE DEPT - SALARY & WAGE 1,897,562.30 954,607.46 - 942,954.84 50.31% 50.31% 1,856,076.77 1,804,623.25 887,248.01 - 917,375.24 49.17% 49.17% 01-201-25-240-020 POLICE DEPT - OTHER EXPENSES 150,900.00 43,596.26 22,534.09 84,769.65 28.89% 43.82% 124,652.32 136,525.00 51,339.63 10,689.40 74,495.97 37.60% 45.43% 01-201-25-241-020 TRAFFIC & SAFETY COMM. - OTHER EXPENSES 1,600.00 - - 1,600.00 0.00% 0.00% - 1,600.00 - - 1,600.00 0.00% 0.00% 01-201-25-250-020 INTERLOCAL SERVICES: MC DISPATCH - OE 105,789.69 52,894.84 52,894.84 0.01 50.00% 100.00% 105,789.69 105,789.69 52,894.85 52,894.84 - 50.00% 100.00% 01-201-25-251-020 INTERLOCAL SERVICES: DENVILLE COURT - OE 64,791.00 32,395.50 - 32,395.50 50.00% 50.00% 63,365.00 63,365.00 15,841.25 47,523.75 - 25.00% 100.00% 01-201-25-252-001 EMERENCY MGMT - SALARY & WAGE 5,638.50 2,819.08 - 2,819.42 50.00% 50.00% 5,500.00 5,500.00 2,750.04 - 2,749.96 50.00% 50.00% 01-201-25-252-020 EMERGENCY MGMT - OTHER EXPENSE 5,000.00 - - 5,000.00 0.00% 0.00% 871.00 4,100.00 - - 4,100.00 0.00% 0.00% 01-201-25-255-001 FIRE DEPT - SALARY & WAGE 7,688.50 3,844.02 - 3,844.48 50.00% 50.00% 7,500.00 7,500.00 3,750.00 - 3,750.00 50.00% 50.00% 01-201-25-255-020 FIRE DEPT - OTHER EXPENSES 35,350.00 6,996.25 2,238.86 26,114.89 19.79% 26.12% 32,648.09 34,850.00 6,991.27 3,574.08 24,284.65 20.06% 30.32% 01-201-25-266-001 FIRE DEPT - SAFETY - SALARY & WAGE 19,612.50 9,806.51 - 9,805.99 50.00% 50.00% 16,269.76 17,000.00 7,769.60 - 9,230.40 45.70% 45.70% 01-201-25-266-020 FIRE DEPT - SAFETY - OTHER EXP 1,500.00 - - 1,500.00 0.00% 0.00% 50.00 1,500.00 50.00 - 1,450.00 3.33% 3.33% 01-201-26-290-001 STREETS & ROADS - SALARY/WAGE 437,960.85 207,948.40 - 230,012.45 47.48% 47.48% 394,112.99 394,070.81 191,154.52 - 202,916.29 48.51% 48.51% 01-201-26-290-020 STREETS & ROADS - OTHER EXP. 218,600.00 61,926.64 35,118.75 121,554.61 28.33% 44.39% 211,542.89 224,075.00 82,397.15 54,136.65 87,541.20 36.77% 60.93% 01-201-26-300-020 SHADE TREE COMMISSION - O/E 65,420.00 475.00 3,900.00 61,045.00 0.73% 6.69% 52,280.50 65,420.00 170.00 - 65,250.00 0.26% 0.26% 01-201-26-305-001 SOLID WASTE - SALARY & WAGES 22,873.60 10,871.70 - 12,001.90 47.53% 47.53% 20,824.72 21,830.54 9,269.54 - 12,561.00 42.46% 42.46% 01-201-26-305-020 SOLID WASTE - OTHER EXPENSES 1,080,160.00 427,234.67 515,180.39 137,744.94 39.55% 87.25% 1,014,985.23 1,056,250.00 413,540.44 513,030.04 129,679.52 39.15% 87.72% 01-201-26-306-020 RECYCLING TAX 4,900.00 1,634.28 - 3,265.72 33.35% 33.35% 3,808.41 4,900.00 1,394.67 328.92 3,176.41 28.46% 35.18% 01-201-26-310-020 BLDG & GROUNDS - MUNIC BLDG 48,500.00 9,262.34 5,488.50 33,749.16 19.10% 30.41% 35,110.17 38,500.00 5,486.82 1,967.12 31,046.06 14.25% 19.36% 01-201-26-315-020 VEHICLE REPAIRS & MAINTENANCE 57,300.00 7,513.28 5,735.97 44,050.75 13.11% 23.12% 45,186.38 56,100.00 19,948.97 4,125.45 32,025.58 35.56% 42.91% 01-201-27-330-001 BOARD OF HEALTH - SALARY/WAGE 5,125.00 2,562.50 - 2,562.50 50.00% 50.00% 4,999.92 5,000.00 2,499.96 - 2,500.04 50.00% 50.00% Expenditures (Q2)  Current Budget Report Comparison - 2025 Borough of Mountain Lakes Budget Comparison Current Fund - Expenditure Budgets Activity to 6/30/2025 Activity to 6/30/2024 % % Expended Total Expended % % Expend. Account Number Description Budget Activity Encumbered Balance Expended & Encum. in 2024/2025 Budget Activity Encumbered Balance Expended & Encum. 01-201-27-330-020 BOARD OF HEALTH - OTHER EXP. - - - - 0.00% 0.00% 30,992.02 35,000.00 13,492.02 - 21,507.98 38.55% 38.55% 01-201-27-335-020 ENVIRONMENTAL COMM. - OTHER EXP. 1,675.00 954.54 - 720.46 56.99% 56.99% 1,473.23 2,095.00 425.00 - 1,670.00 20.29% 20.29% 01-201-27-337-020 WOODLAND COMMITTEE - OTHER EXPENSE 3,000.00 129.28 - 2,870.72 4.31% 4.31% 481.52 3,000.00 - - 3,000.00 0.00% 0.00% 01-201-27-340-020 DOG REGULATION - OTHER EXPENSE 5,000.00 5,000.00 - - 100.00% 100.00% 3,800.00 3,800.00 2,800.00 - 1,000.00 73.68% 73.68% 01-201-28-370-001 RECREATION DEPT. - SALARY/WAGE 130,638.00 35,201.17 - 95,436.83 26.95% 26.95% 120,507.25 129,120.00 29,776.25 - 99,343.75 23.06% 23.06% 01-201-28-370-020 PARKS & PLAYGROUNDS OTHER EXP. 58,017.00 35,041.49 12,063.51 10,912.00 60.40% 81.19% 43,591.57 51,782.00 31,349.98 4,173.21 16,258.81 60.54% 68.60% 01-201-28-375-020 MAINT OF PARKS (BEACHES/LAKES) 199,900.00 42,484.91 53,817.00 103,598.09 21.25% 48.18% 193,162.81 204,300.00 110,761.81 72,645.00 20,893.19 54.22% 89.77% 01-201-29-390-020 AID TO PUBLIC LIBRARY 401,525.00 234,222.95 167,302.05 - 58.33% 100.00% 386,082.00 386,082.00 225,214.50 160,867.50 - 58.33% 100.00% 01-201-30-415-010 ACCUMULATED LEAVE COMPENSATION - S&W 10,000.00 10,000.00 - - 100.00% 100.00% 10,000.00 10,000.00 10,000.00 - - 100.00% 100.00% 01-201-30-420-020 CELEBRATION OF PUBLIC EVENTS - O/E 2,000.00 2,000.00 - - 100.00% 100.00% 1,500.00 2,000.00 1,500.00 - 500.00 75.00% 75.00% 01-201-31-435-020 ELECTRICITY - ALL DEPARTMENTS 46,000.00 16,701.27 5.89 29,292.84 36.31% 36.32% 32,946.52 45,000.00 14,378.57 - 30,621.43 31.95% 31.95% 01-201-31-436-020 ELECTRICITY -STREET LIGHTING 55,000.00 22,322.02 4,410.80 28,267.18 40.59% 48.61% 47,973.32 51,000.00 21,237.17 - 29,762.83 41.64% 41.64% 01-201-31-437-020 NATURAL GAS 29,800.00 18,787.33 1,275.07 9,737.60 63.04% 67.32% 21,017.55 31,200.00 13,049.62 - 18,150.38 41.83% 41.83% 01-201-31-440-020 TELECOMMUNICATIONS 22,000.00 5,985.06 9,549.53 6,465.41 27.20% 70.61% 17,947.86 25,000.00 6,136.09 10,482.84 8,381.07 24.54% 66.48% 01-201-31-447-020 PETROLEUM PRODUCTS 73,500.00 13,491.72 10,506.35 49,501.93 18.36% 32.65% 46,226.43 73,500.00 21,475.55 11,736.51 40,287.94 29.22% 45.19% 01-201-31-456-010 RESERVE FOR SALARY ADJUSTMENT - S&W 40,000.00 - - 40,000.00 0.00% 0.00% - 70,000.00 - - 70,000.00 0.00% 0.00% 01-201-36-471-020 PERS 147,628.17 141,148.17 - 6,480.00 95.61% 95.61% 143,513.37 148,514.00 143,513.37 - 5,000.63 96.63% 96.63% 01-201-36-472-020 SOCIAL SECURITY (O.A.S.I.) 131,617.80 62,105.89 - 69,511.91 47.19% 47.19% 115,316.84 126,258.66 54,423.71 - 71,834.95 43.10% 43.10% 01-201-36-475-000 PFRS - CONTRIBUTION 516,959.00 510,959.00 - 6,000.00 98.84% 98.84% 543,802.00 548,802.00 543,802.00 - 5,000.00 99.09% 99.09% 01-201-36-476-020 LENGTH OF SVS AWARDS (LOSAP) 22,500.00 - - 22,500.00 0.00% 0.00% - 22,500.00 - - 22,500.00 0.00% 0.00% 01-201-36-477-020 DCRP - EMPLOYER 8,000.00 4,586.52 - 3,413.48 57.33% 57.33% 4,405.94 8,000.00 3,880.88 - 4,119.12 48.51% 48.51% 01-201-41-700-000 GRANT EXPENDITURES 834,227.96 834,227.96 - - 100.00% 100.00% 127,287.67 118,752.74 118,752.74 - - 100.00% 100.00% 01-201-42-110-020 SHARED SERVICES - BD OF ED -SRO 118,480.00 37,118.07 - 81,361.93 31.33% 31.33% - - - - - 0.00% 0.00% 01-201-42-114-020 SHARED SERVICES - HEALTH SERVICES 36,500.00 27,375.00 9,125.00 - 75.00% 100.00% - - - - - 0.00% 0.00% 01-201-44-901-020 CAPITAL IMPROVEMENT FUND 77,795.99 77,795.99 - - 100.00% 100.00% 50,676.34 50,676.34 50,676.34 - - 100.00% 100.00% 01-201-45-920-020 PAYMENT OF BOND PRINCIPAL 815,000.00 320,000.00 - 495,000.00 39.26% 39.26% 790,000.00 790,000.00 320,000.00 - 470,000.00 40.51% 40.51% 01-201-45-925-020 PAYMENT OF BAN PRINCIPAL 300,401.00 - - 300,401.00 0.00% 0.00% 154,767.60 154,767.60 - - 154,767.60 0.00% 0.00% 01-201-45-930-020 INTEREST ON BONDS 267,850.00 135,525.00 - 132,325.00 50.60% 50.60% 285,650.00 285,650.00 144,425.00 - 141,225.00 50.56% 50.56% 01-201-45-935-020 INTEREST ON NOTES 227,238.00 - - 227,238.00 0.00% 0.00% 150,227.00 150,227.00 - - 150,227.00 0.00% 0.00% 01-201-45-942-020 SUNSET LAKE DAM LOAN 111,746.85 60,522.39 - 51,224.46 54.16% 54.16% - - - - - 0.00% 0.00% 01-201-46-875-020 DEFERRED CHGS - SPECIAL EMER. 5 YEARS 25,000.00 25,000.00 - - 100.00% 100.00% 25,000.00 25,000.00 - - 25,000.00 0.00% 0.00% 01-201-50-899-020 RESERVE FOR UNCOLLECTED TAXES 1,314,799.38 1,314,799.38 - - 100.00% 100.00% 1,268,585.01 1,268,585.01 1,268,585.01 - - 100.00% 100.00% TOTALS 12,181,541.33 6,752,806.72 1,027,191.59 4,401,543.02 55.43% 63.87% 10,267,654.08 10,742,304.40 5,770,920.40 1,038,885.73 3,932,498.27 53.72% 63.39% Expenditures (Q2) Finance Department 400 Boulevard Jennifer Semler, CFO Mountain Lakes, NJ 07046 jsemler@mtnlakes.org P -973-334-3131 ext. 2008 To: Mitchell Stern, Borough Manager Date: August 1, 2025 Subject: Second Quarter 2025 Water Budget Report Second Quarter 2025 Sewer Budget Report Attached are the second quarter budget reports for the Water Operating Budget and Sewer Operating Budget, along with the Water and Sewer Billing and Revenue Report. Below are the significant items of note for the second quarter of 2025. Water Operating Budget:  While the anticipated revenue amount for Water Operating Revenues is flat from 2024 to 2025, the percent of collections for 2025 (39.71%) is higher through the second quarter when compared to the same period of 2024 (31.84%).  Although the percentage of revenues collected through Q2 is not in line with being halfway through the year, this is expected due to sprinkler meters being billed in only Q3 and Q4. The expectation is that revenue collections will increase more significantly in the second half of the year than is seen in the first half once sprinkler meters are billed.  It is noted that as of the completion of this review, Q3 billings have occurred, and will be summarized and discussed in the next quarterly report.  Water Operating Expenditures for 2025 through the second quarter are in line with prior year and are at levels that are expected when passage of time and timing of bills are considered.  Expenditures will continue to be monitored monthly and any discrepancies or issues will be investigated and resolved. Sewer Operating Budget:  The anticipated revenue amount for Sewer Rents is lower in 2025 than in 2024. While Sewer Rent collections in dollars for 2025 have decreased from 2024, the percentage of revenue received has actually increased in 2025 (57.03%) as compared to 2024 (46.52%). Based on the amount of time elapsed in 2025 thus far, the collections are generally in line and are slightly favorable when compared to 2024.  Sewer Operating Expenditures for 2025 through the second quarter are in line with prior year and are at levels that are expected when passage of time and timing of bills are considered.  Influencing the Sewer Operating – Other Expenses is a large encumbrance for the Parsippany sewer charges. This is expected and is appropriate.   Expenditures will continue to be monitored monthly and any discrepancies or issues will be investigated and resolved. Water and Sewer Billing and Revenue:  Water o Total billings, including adjustments, were $187,987.50 for Q2 2025. This is an increase from Q2 2024 of approximately $65K. o Total payments, including adjustments, were $157,596.26 for Q2 2025. This is an increase from Q2 2024 of approximately $27K.  Sewer o Total billings, including adjustments, were $258,362.81 for Q2 2025. This is an increase from Q2 2024 of approximately $62K. o Total payments, including adjustments, were $226,348.08 for Q2 2025. This is an increase from Q2 2024 of approximately $27K.  There has been an increased effort towards billing based off actual readings (whether automatically or manually) versus estimated readings; these efforts are having a positive effect on the billing and collections. Please let me know if you have any questions. Thank you, Jen  Water Budget Report Comparison - 2025 Borough of Mountain Lakes Water Operating - Revenue Budgets Activity to 6/30/2025 Activity to 6/30/2024 % Total Realized % Account Number Description Budget Activity Balance Received in 2024 Budget Activity Balance Received 05-192-08-501-000 ANTICIPATED SURPLUS 208,658.38 104,329.20 104,329.18 50.00% 109,799.38 109,799.38 54,899.70 54,899.68 50.00% 05-192-17-000-000 WATER OPERATING REVENUES 865,000.00 343,523.04 521,476.96 39.71% 809,965.68 865,000.00 275,444.17 589,555.83 31.84% 05-192-17-100-000 MRNA - INTEREST EARNED - 11,755.64 (11,755.64) 25,590.49 - 14,005.57 (14,005.57) TOTALS 1,073,658.38 459,607.88 614,050.50 42.81% 945,355.55 974,799.38 344,349.44 630,449.94 35.33% Water Operating - Expenditure Budgets Activity to 6/30/2025 Activity to 6/30/2024 % Total Expended % Account Number Description Budget Activity Encumbered Balance Expended in 2024/2025 Budget Activity Encumbered Balance Expended 05-201-55-510-001 Water Operating - Salary & Wages 436,610.10 213,259.35 - 223,350.75 48.84% 429,271.46 422,846.25 214,004.97 - 208,841.28 50.61% 05-201-55-520-520 Water Operating - Other Expenses 533,599.34 248,039.27 28,421.70 257,138.37 51.81% 389,982.81 450,115.92 197,845.84 23,708.38 228,561.70 49.22% 05-201-55-527-000 Water - Capital Outlay 50,000.00 - - 50,000.00 0.00% 36,230.72 50,000.00 6,230.72 - 43,769.28 12.46% 05-201-55-531-000 Water - Social Security 33,400.67 16,021.55 - 17,379.12 47.97% 31,536.65 32,347.74 15,708.30 - 16,639.44 48.56% 05-201-55-532-000 Water - P.E.R.S. 20,048.27 19,168.27 - 880.00 95.61% 19,489.47 19,489.47 19,489.47 - - 100.00% TOTALS 1,073,658.38 496,488.44 28,421.70 548,748.24 48.89% 906,511.11 974,799.38 453,279.30 23,708.38 497,811.70 48.93% 06.30.25  Sewer Budget Report Comparison - 2025 Borough of Mountain Lakes Sewer Operating - Revenue Budgets Activity to 6/30/2025 Activity to 6/30/2024 % Total Realized % Account Number Description Budget Activity Balance Received in 2024 Budget Activity Balance Received 07-192-08-501-000 ANTICIPATED SURPLUS 176,117.50 88,058.76 88,058.74 50.00% 117,342.66 117,342.66 58,671.34 58,671.32 50.00% 07-192-17-000-001 SEWER RENTS 817,970.00 466,528.44 351,441.56 57.03% 818,028.98 837,000.00 389,398.89 447,601.11 46.52% 07-192-17-001-000 SEWER - MISCELLANEOUS FEES 35,030.00 17,978.89 17,051.11 51.32% 43,025.03 20,000.00 18,958.78 1,041.22 94.79% 07-192-17-200-000 MISC REVENUE NOT ANTIC (MRNA) - - - 40.00 - 19.20 (19.20) TOTALS 1,029,117.50 572,566.09 456,551.41 55.64% 978,436.67 974,342.66 467,048.21 507,294.45 47.93% Sewer Operating - Expenditure Budgets Activity to 6/30/2025 Activity to 6/30/2024 % Total Expended % Account Number Description Budget Activity Encumbered Balance Expended in 2025/2024 Budget Activity Encumbered Balance Expended 07-201-55-510-001 Sewer Operating - Salary & Wages 253,466.00 123,873.97 - 129,592.03 48.87% 249,836.32 271,745.20 130,662.06 - 141,083.14 48.08% 07-201-55-520-520 Sewer Operating - Other Expenses 726,680.79 320,023.30 247,867.55 158,789.94 78.15% 623,851.85 652,634.79 279,849.80 239,453.40 133,331.59 79.57% 07-201-55-527-000 Sewer Operating - Capital Outlay 15,000.00 - - 15,000.00 0.00% - 15,000.00 - - 15,000.00 0.00% 07-201-55-531-000 Sewer Operating - Social Security 19,390.15 9,047.10 - 10,343.05 46.66% 18,154.59 20,788.51 9,412.87 - 11,375.64 45.28% 07-201-55-532-000 Sewer Operating - P.E.R.S. 14,580.56 13,940.56 - 640.00 95.61% 14,174.16 14,174.16 14,174.16 - - 100.00% TOTALS 1,029,117.50 466,884.93 247,867.55 314,365.02 69.45% 906,016.92 974,342.66 434,098.89 239,453.40 300,790.37 69.13% 06.30.25  Water and Sewer - Billing and Revenue Report - 2025 Borough of Mountain Lakes Water and Sewer - Billing and Revenue Q2 2025 April May June Q2 Q2 - PY Water: Beginning Balance 30,329.61 869,206.54 115,806.84 30,329.61 23,185.49 Adjustments (+/-) (406.25) (7,245.21) 1,069.28 (6,582.18) 1,346.63 Billed - Including Adjustments 850,604.84 (665,019.65) 2,402.31 187,987.50 123,422.66 Receipts - Including Adjustments (11,321.66) (81,134.84) (65,139.76) (157,596.26) (130,446.86) Ending Balance 869,206.54 115,806.84 54,138.67 54,138.67 17,507.92 April May June Q2 Q2 - PY Sewer: Beginning Balance 38,441.07 305,672.67 163,494.85 38,441.07 31,705.16 Adjustments (+/-) - (747.22) 1,124.72 377.50 (2,260.15) Billed - Including Adjustments 279,348.07 (23,072.60) 2,087.34 258,362.81 196,586.34 Receipts - Including Adjustments (12,116.47) (118,358.00) (95,873.61) (226,348.08) (198,879.56) Ending Balance 305,672.67 163,494.85 70,833.30 70,833.30 27,151.79 2025.Q2  Water & Sewer Billing Analysis 2018-2025 Water and Sewer Billing by Quarter 2018 - 2025 In Gallons 1Q 2Q 3Q 4Q Total Total Total Water Water Sewer Water Sewer Water Sewer Water Sewer Water Sewer Water & Sewer Res & Comm 2018 Residential 22,446,514.44 23,300,720.20 21,776,923.76 21,640,726.32 27,307,292.16 26,872,337.56 20,798,653.72 21,224,128.40 92,329,384.08 93,037,912.48 185,367,296.56 92,329,384.08 Yard 33,709.00 - 12,321,982.44 - 17,198,510.32 19,100.00 29,573,301.76 - 29,573,301.76 Commercial 3,226,183.48 3,147,937.00 5,651,948.24 3,187,636.00 5,885,141.04 4,933,749.80 3,068,505.36 3,229,948.36 17,831,778.12 14,499,271.16 32,331,049.28 17,831,778.12 25,706,406.92 26,448,657.20 39,750,854.44 24,828,362.32 50,390,943.52 31,806,087.36 23,886,259.08 24,454,076.76 139,734,463.96 107,537,183.64 247,271,647.60 110,161,162.20 2019 Residential 20,962,108.84 20,860,361.96 22,743,753.68 22,384,406.92 26,179,373.44 24,992,783.76 24,748,316.12 24,986,100.32 94,633,552.08 93,223,652.96 187,857,205.04 94,633,552.08 Yard - - 9,717,477.60 17,016,834.56 4,488.00 26,738,800.16 - 26,738,800.16 Commercial 3,184,787.68 3,271,117.96 5,732,355.40 4,905,997.76 7,939,715.84 6,659,473.88 3,954,193.24 3,843,173.24 20,811,052.16 18,679,762.84 39,490,815.00 20,811,052.16 24,146,896.52 24,131,479.92 38,193,586.68 27,290,404.68 51,135,923.84 31,652,257.64 28,706,997.36 28,829,273.56 142,183,404.40 111,903,415.80 254,086,820.20 115,444,604.24 2020 Residential 16,901,849.88 17,705,309.64 28,417,748.60 26,505,730.76 29,617,417.48 28,878,829.56 21,933,298.08 22,289,529.12 96,870,314.04 95,379,399.08 192,249,713.12 96,870,314.04 Yard - - 12,723,972.08 19,910,212.16 233,414.04 32,867,598.28 - 32,867,598.28 Commercial 4,347,081.56 4,086,096.56 3,583,187.12 2,371,519.76 6,612,500.56 3,700,742.28 2,467,370.68 2,208,979.68 17,010,139.92 12,367,338.28 29,377,478.20 17,010,139.92 21,248,931.44 21,791,406.20 44,724,907.80 28,877,250.52 56,140,130.20 32,579,571.84 24,634,082.80 24,498,508.80 146,748,052.24 107,746,737.36 254,494,789.60 113,880,453.96 2021 Residential 21,152,078.80 21,384,174.96 28,418,898.96 27,239,013.00 22,507,333.52 22,038,915.92 23,230,304.56 23,318,392.96 95,308,615.84 93,980,496.84 189,289,112.68 95,308,615.84 Yard 41,074.96 - 15,409,320.48 - 14,898,857.64 - 18,879.60 - 30,368,132.68 - 30,368,132.68 Commercial 4,120,849.84 3,857,399.84 8,004,680.48 4,560,433.92 7,212,836.04 4,671,035.68 3,244,004.36 2,929,952.88 22,582,370.72 16,018,822.32 38,601,193.04 22,582,370.72 25,314,003.60 25,241,574.80 51,832,899.92 31,799,446.92 44,619,027.20 26,709,951.60 26,493,188.52 26,248,345.84 148,259,119.24 109,999,319.16 258,258,438.40 117,890,986.56 2022 Residential 17,974,511.24 18,203,204.92 26,042,142.60 25,338,246.48 27,992,694.04 27,482,293.08 18,335,502.32 19,121,036.40 90,344,850.20 90,144,780.88 180,489,631.08 90,344,850.20 Yard 204.96 - 11,455,515.32 - 22,195,926.92 - 255,094.32 - 33,906,741.52 - 33,906,741.52 Commercial 2,546,152.20 2,287,952.20 5,554,971.00 3,692,778.72 8,467,266.76 5,253,678.92 3,300,478.00 3,234,978.00 19,868,867.96 14,469,387.84 34,338,255.80 19,868,867.96 20,520,868.40 20,491,157.12 43,052,628.92 29,031,025.20 58,655,887.72 32,735,972.00 21,891,074.64 22,356,014.40 144,120,459.68 104,614,168.72 248,734,628.40 110,213,718.16 2023 Residential 17,256,615.56 16,129,577.36 24,166,664.84 23,859,835.60 34,274,423.36 33,449,431.52 21,119,938.92 21,213,086.24 96,817,642.68 94,651,930.72 191,469,573.40 96,817,642.68 Yard 711,188.48 - 14,241,554.12 - 28,199,790.12 - - - 43,152,532.72 - 43,152,532.72 Commercial 3,022,481.92 2,871,621.28 5,015,799.28 3,076,640.60 17,415,319.20 14,893,003.12 3,735,647.00 3,619,360.00 29,189,247.40 24,460,625.00 53,649,872.40 29,189,247.40 20,990,285.96 19,001,198.64 43,424,018.24 26,936,476.20 79,889,532.68 48,342,434.64 24,855,585.92 24,832,446.24 169,159,422.80 119,112,555.72 288,271,978.52 126,006,890.08 2024 Residential 20,201,288.08 20,597,064.44 23,474,046.24 19,708,314.36 25,578,914.76 15,379,216.04 25,124,866.64 26,519,594.04 94,379,115.72 82,204,188.88 176,583,304.60 94,379,115.72 Yard - - 8,883,691.00 - 21,307,251.16 - - - 30,190,942.16 - 30,190,942.16 Commercial 2,073,327.72 2,125,827.72 3,183,934.28 3,933,014.68 4,714,936.28 3,697,788.16 7,643,644.88 7,120,105.88 17,615,843.16 16,876,736.44 34,492,579.60 17,615,843.16 22,274,615.80 22,722,892.16 35,541,671.52 23,641,329.04 51,601,102.20 19,077,004.20 32,768,511.52 33,639,699.92 142,185,901.04 99,080,925.32 241,266,826.36 111,994,958.88 2025 Residential 36,105,860.24 34,983,045.16 36,105,860.24 34,983,045.16 71,088,905.40 36,105,860.24 Yard - - - - - - Commercial 4,611,394.72 4,541,577.72 4,611,394.72 4,541,577.72 9,152,972.44 4,611,394.72 40,717,254.96 39,524,622.88 - - - - - - 40,717,254.96 39,524,622.88 80,241,877.84 40,717,254.96 * Note: 1st Quarter use is January-March 2nd Quarter use is April-June 3rd Quarter use is July- 4th Quarter use is October- current year current year September current year December current year 2018-2025  Reserve Accounts - 2025 Borough of Mountain Lakes 2025 Reserve Accounts Balance 1st Qtr 2025 2nd Qtr 2025 3rd Qtr 2025 4th Qtr 2025 Balance At or Above Target Per Policy 12/31/2024 Increases Decreases Increases Decreases Increases Decreases Increases Decreases 12/31/2025 Policy? Reserve for Tax Appeals $150,000 - $200,000 426,123.95 - 1,791.00 - 955.20 423,377.75 Yes 01-275-55-000-000 Reserve for Storm Recovery $300,000 384,998.71 - - - 38,735.58 346,263.13 Yes 18-300-70-000-208 Reserve for Accum. Absences $67,929.70 52,231.97 10,000.00 - - - 62,231.97 No 18-300-70-000-207 User Friendly Budget sheet 9 Reserve for Liability Insurance $25,000 - $50,000 50,000.00 - - - - 50,000.00 Yes 18-300-70-000-209 Capital Improvement Fund $100,000 7,591.13 77,795.99 - - 67,796.00 17,591.12 No 04-225-55-000-000 Premium on Bonds 477.91 - - - 477.91 - 04-400-65-000-000 1st Qtr 2025 2nd Qtr 2025 3rd Qtr 2025 4th Qtr 2025 Payments Payments Payments Payments Total Tax Appeals paid from Fund Balance - - - * Premium on Bonds is part of the General Capital Fund Balance. The balance as of 12/31/2024 is the premium from the 2017 bond sale. Q2.2025  Capital and Trust Accounts Cash Balances - 2025 Borough of Mountain Lakes Capital and Trust Accounts Fund Cash Balance Number 6/30/2025 4 General Capital 2,106,880.22 Subaccounts - Part of the cash balance: Capital Improvement Fund Balance 17,591.12 Premium on Bonds - Part of Fund Balance - 6 Water Capital 14,139.18 8 Sewer Capital 40,349.52 12 Payroll Agency 92,048.10 13 Animal Control 8,348.94 14 Unemployment 55,318.04 17 Developer's Escrow - Includes cash bonds 86,707.61 18 Other Trust 476,205.10 Subaccounts: Due from Curent Fund 1,538.85 Reserve for Municipal Alliance 3,674.76 Reserve for Parking Offenses Adj. Act 278.69 Fire Marshall Trust 7,889.76 Tax Sale Premiums - Video Systems for Police Cars 1,419.50 Reserve for Accumulated Absences 62,231.97 Reserve for Storm Recovery 346,263.13 Reserve for Liability Insurance 50,000.00 Reserve for Abandoned, Vacant, Forclosed Prop. 2,908.44 19 Police Outside Services 7,386.27 20 Affordable Housing 90,061.34 23 Police Forfeiture of Assets 3,408.19 26 Flexible Spending 5,147.56 32 Shade Tree Trust 23,659.39 33 Recreation 456,345.94 Subaccounts: Due from Curent Fund 7,444.31 Reserve for Encumbrances 29,151.58 Historic Preservation Comm. 34,368.61 Mountain Lakes Centennial Comm. 12,638.63 Various Recreation Programs 372,742.81 49 Net Payroll 207.75 Q2  Capital Cash Flow Analysis - 2025 Balances as of July August September October November December January After January Expected 6/30/2025 2025 2025 2025 2025 2025 2025 2026 2026 Future Balance Beginning Cash Balance 3,648,383.28 3,596,726.01 3,502,893.02 3,210,877.35 2,811,783.17 2,763,538.95 2,674,955.28 2,571,927.97 Ord. 6-16 Various Improvements 21,160.40 6,000.00 6,000.00 9,160.40 - Ord. 5-17 Various Improvments 6,917.96 6,917.96 - - Ord. 4-18 Various Improvements 9,787.63 287.63 9,500.00 - Ord 2-19 Various Improvements 6,694.73 6,694.73 - Ord. 4-20 Various Improvements 63.01 63.01 - - Ord. 8-20 Borough Hall 367.08 367.08 - - Ord. 10-21 Various Improvments 38,918.47 7,575.00 3,000.00 10,000.00 10,000.00 1,500.00 1,500.00 1,500.00 3,843.47 - Ord. 2-22 Various Improvements 96,288.01 2,100.00 30,000.00 30,000.00 34,188.01 - Ord. 2-23 Improv. To Tennis Courts 3,826.89 3,826.89 - - Ord. 6-23 Cap. Amendment Equipment 578.89 578.89 - - Ord. 8-23 Various Improvements 1,060,434.47 2,571.00 2,500.00 3,500.00 85,870.00 85,870.00 880,123.47 - Ord. 12-23 Improv. To Sunset Dam 10,203.59 149.60 10,000.00 53.99 - Ord. 13-23 Improv. To Municipal Bldg. 1,196.53 1,167.38 29.15 - Ord. 3-24 Various improvements 346,901.21 7,101.05 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 39,800.16 - Ord. 6-24 Improv. To Sunset Dam 79,447.69 10,000.00 25,000.00 25,000.00 19,447.69 - Ord. 7-24 Const. of PFOA/PFOS Treatment Plan 148,021.29 6,680.00 21,527.33 21,527.33 21,527.33 21,527.33 21,527.33 21,527.31 12,177.33 - Ord. 8-24 Improv. of Train Station 107,805.00 107,805.00 - Ord. 8-25 Various Improvements 1,571,770.43 24,320.00 25,000.00 175,000.00 175,000.00 50,000.00 10,000.00 20,000.00 1,092,450.43 - Ord. 12-25 Various Improvements 138,000.00 511.27 9,200.00 9,200.00 119,088.73 - 3,648,383.28 - Total Expenditures 51,657.27 93,832.99 350,657.42 399,094.18 222,724.22 93,027.33 103,027.31 2,334,362.56 Cash Balance 3,596,726.01 3,502,893.02 3,152,235.60 2,811,783.17 2,589,058.95 2,670,511.62 2,571,927.97 237,565.41 + Sunset Lake Dam Loan Reimbursement + DOT Grant Reimbursement - Powerville Road 58,641.75 + DOT Grant Reimbursement - Briarcliff 174,480.00 + Current budget Capital Improvement Fund - To Current (Reserve to pay debt service, Fund Balance) + Note Sale - additional proceeds + Payment due from Current Fund 4,443.66 - Payment due to Current Fund Total Cash 3,596,726.01 3,502,893.02 3,210,877.35 2,811,783.17 2,763,538.95 2,674,955.28 2,571,927.97 237,565.41 Cash Balance 6/30/25 2,106,880.22 Due from ST of NJ Sunset Lake Dam - Due from DOT - Powerville Road 58,641.75 Due from DOT - Briarcliff 174,480.00 Due from Current Fund 4,443.66 Deferred Charges Unfunded: Ord. 2-22 Various Improvements 837,957.00 Ord. 8-23 Various Improvements 1,203,202.00 Ord. 12-23 Improvements To Sunset Dam 809,000.00 Ord. 13-23 Improvements to Municipal Building 992,750.00 Ord. 3-24 Various Improvrovements 962,851.00 Ord. 6-24 Improvements To Sunset Dam 333,000.00 Ord. 7-24 PFOS Treatment Plan 208,000.00 Ord. 8-24 Improvement of Train Station 104,200.00 Ord. 8-25 Various Improvements 1,288,124.00 9,083,529.63 Capital Balances 3,648,383.28 Agrees to Detail Above Capital Improvement Fund 17,591.12 Reserve for Payment of Debt Service - General Capital Fund Balance 70,795.23 BANs Payable 5,346,760.00 Due to Current Fund - 9,083,529.63 2025.06.30