Freehold Township, NJ

Transcription

1 Freehold Township, NJ Township of Freehold in the County of Monmouth, New Jersey, $13,727,000 General Obligation Bonds, Series 2015, Consisting of, $8,258,000 General Improvement Bonds, Series 2015, $5,469,000 Water/Sewer Utility Bonds, Series 2015 (Callable) and $8,274,000 Bond Anticipation Notes, Series 2015 Consisting of, $5,642,000 General Improvement Notes, Series 2015 and 1 $2,632,000 Water/Sewer Utility Notes, Series 2015 (Non Callable), Dated: December 11, 2015 Township of Freehold in the County of Monmouth, New Jersey, $4,825,000 General Obligation Refunding Bonds, Series 2015, Consisting of, $1,970,000 General Improvement Refunding 2 Bonds, Series 2015, $1,560,000 Open Space Refunding Bonds, Series 2015 and $1,295,000 Utility Refunding Bonds, Series 2015 (Non Callable) (Bank Qualified), Dated: September 10, 2015 Township of Freehold in the County of Monmouth, New Jersey, $5,640,00 General Improvement Bonds, Series 2013 (Callable) and $11,855,00 Bonds Anticipation Notes, Series 2013, 3 consisting of, $8,000,000 General Improvement Notes, $3,575,000 Water/Sewer Utility Notes and $280,00 Special Emergency Notes (Non Callable), Dated: December 17, 2013 Township of Freehold, County of Monmouth, New Jersey, General Obligation Refunding Bonds, Series 2012 $6,110,000 Consisting of: General Improvement Refunding Bonds $3,800,000, 4 Open Space Refunding Bonds $630,000 and Utility Refunding Bonds $1,680,000, (Callable)(Bank Qualified), Dated: July 3, Township of Freehold, New Jersey, General Obligation Refunding Bonds, Series 2009 $12,365,000 (Book Entry Only) (Callable)(Bank Qualified) Dated: December 16, 2009 Township of Freehold, County of Monmouth, New Jersey, General Obligation Bonds, Series 2007 $13,500,000 Consisting of: General Improvement Bonds $6,160,000, Open Space Bonds 6 $4,340,000 and Utility Bonds $3,000,000, Dated: July 26, 2007 Employment and Unemployment Comparisons Township of Freehold ,680 17, % County of Monmouth , ,165 16, % State of New Jersey ,543,777 4,288, , % Ten Largest Non Governmental Employers 2015 Number Ten Largest Non Governmental Employers: of Employees 1 Centrastate Medical Center 2,196 2 YMCA of Freehold iplay America, LLC Center for Aging Nordstrom Macy's IVC Industries, Inc Verizon Shore Point Distributing Company, Inc Sam's Club 224 Total 5,882

2 Per Capita Income (Freehold Township) Per Capita Income Per Capita Income Rank 2015 $40, of 53 Financial Information Regarding The Township Summary of Statutory Debt Condition as of December 31, 2015 Statutory Gross Debt Deduction Net Debt Local School Debt: Bonds Issued $ 45,904,500 $ 45,904,500 $ Authorized But Not Issued Regional School Debt Share of Bonds Issues 4,792,493 4,792,493 Municipal Debt: Water / Sewer Utility Bonds and Notes Issued 14,216,000 14,216,000 Authorized But Not Issued 3,584,796 3,584,796 General: Bonds and Notes Issued 34,348,259 5,425,899 28,922,360 Authorized But Not Issued 23,946,432 23,946,432 $ 126,792,480 $ 73,923,688 $ 52,868,792 Equalized Valuation Basis $ 6,174,027,747 Percentage of Net Debt to Equalized Valuation Basis 0.86% Percentage of Net Debt per Capita $ 1, Percentage of Gross Debt to Equalized Valuation Basis 2.05% Percentage of Gross Debt per Capita $ 3, Borrowing Power of Freehold Township at 3.5% of Average Equalized Valuations $ 216,090,971 Net Debt Authorized $ 52,868,792 Remaining Borrowing Power $ 163,222,179 Overlapping Debt: County of Monmouth, New Jersey $ 23,726,037 Manasquan River Regional Sewerage Authority $ 1,776,455

3 Series 2015GO, 2015Ref, 2013, 2012 General Tax Rate and Total Net Debt Net Debt as a Percentage of General Total Equalized Tax Year Tax Rate Net Debt Valuation Basis 2015 $ $ 52,868, % Series 2009, 2007 Tax Rate 2015 Tax Rate $2.258 Local Municipal Purpose Tax (including Municipal Open Space) Monmouth County Taxes Local District School Tax Regional High School Tax Series 2015GO, 2015Ref, 2013, 2012, 2009, 2007 Tax Collection History Cash Percentage of Year Tax Levy Collection Collection 2015 $ 135,634, $ 134,155, % Water Sewer Utility Rents Collection History Year Beg. Balance Levy Collected in Levy 2015 $ 475, $ 12,311, $ 12,175,247.00

4 Schedule of Bond Maturities 2015 General Capital Outstanding Issues Utility Capital Water/Sewer Utility Outstanding Utility Assessment Year Principal Interest Principal Interest Principal Interest Total 2016 $ 4,181,227 $ 825,951 $ 1,379,000 $ 369,790 $ 6,755, ,658, ,180 1,420, ,175 6,192, ,614, ,631 1,485, ,025 6,021, ,555, ,483 1,200, ,325 4,494, ,522, ,309 1,215, ,575 4,332, ,569, ,745 1,220, ,075 4,242, ,045, , ,000 87,150 3,237, ,594, ,967 2,800, ,787 10,030,529 $ 27,742,258 $ 4,199,369 $ 11,584,000 $ 1,780,902 $ $ $ 45,306,529 Ten Largest Assessments 2015 As a Percentage of Assessed Value of Real Assessed To Description Assessment Property 1 Freemall Associates Retail Mall $ 380,215, % 2 Avalon Bay Communities Apartment Complex $ 60,585, % 3 Iron Mountain, Inc. Storage Facility $ 47,490, % 4 Applewood Estates Center for Aging $ 30,000, % 5 Macy's East, inc. Retail Store $ 26,823, % 6 Silver Shore Land Company, LLC Mobile Home Community $ 25,852, % 7 Raintree Town Center Associates Retail Stores $ 24,748, % 8 Freehold Shopping Associates Retail Stores $ 24,515, % 9 Ronardi Freehold Enterprises Retail Stores $ 24,039, % 10 Wal Mart Real Estate Business Trust Retail Store $ 23,790, %

5 Series 2015GO, 2015Ref, 2013, 2012, 2009, 2007 Assessed Valuation of Real Property Business Personal Property, By Classification Vacant Land Taxable Residential Taxable Apartments Taxable Commercial Taxable Year (# of Parcels) Value (# of Parcels) Value (# of Parcels) Value (# of Parcels) Value $ 55,908,800 11,366 $ 4,266,398,600 2 $ 71,094, $ 1,320,216,200 Farm Farm Regular Taxable Qualified Taxable Industrial Taxable Total Real Personal Year (# of Parcels) Value (# of Parcels) Value (# of Parcels) Value Property Property $ 29,970, $ 1,464, $ 148,905,300 $ 5,893,958,100 $ Equalized Valuation Equalized Year Valuation 2015 $ 6,589,292,604 Series 2009 Litigation 2015 None Series 2009 New Debt 2015 The Monmouth County Improvement Authoity refunded $2,443, of Governmental Pooled Loan Revenue Bonds, Series 2008 in March 2016 for a par amount of $2,345,