SYNOPSIS OF THE ANNUAL AUDIT OF BOARD OF FIRE COMMISSIONERS DISTRICT NO. 4 TOWNSHIP OF HOWELL STATEMENTS OF NET POSITION DECEMBER 31, 2024 AS REQUIRED BY N.J.S.A. 40 A: 5A-16 2024 ASSETS Cash and cash equivalents - $3,105,625 Accounts receivable - $419 Prepaid expenses - $54,142 Capital assets, net - $1,353,220 Right-of-use lease asset, net - $136,731 Contribution receivable, length of service award program - $47,102 Cash and investments, length of service award program - $1,274,408 Total assets - $5,971,647 LIABILITIES Current liabilities: Accounts payable and accrued expenses - $113,605 Operating lease liability - $67,341 Bonds payable - $86,000 Total current liabilities - $266,946 Noncurrent liabilities : Operating lease liability - $69,390 Bonds payable - $729,000 Net assets available for program benefits, length of service award program - $1,321,510 Total noncurrent liabilities - $2,119,900 Total liabilities - $2,386,846 NET POSITION Net invested in capital assets - $538,220 Restricted for capital projects - $2,213,306 Unrestricted - $833,275 Total net position -$3,584,801 SYNOPSIS OF THE ANNUAL AUDIT OF BOARD OF FIRE COMMISSIONERS DISTRICT NO. 4 TOWNSHIP OF HOWELL STATEMENTS OF ACTIVITIES YEAR ENDED DECEMBER 31, 2024 2024 Expenses: Operating appropriations: Administration - $136,441 Cost of operations and maintenance - $825,562 Length of service award program (LOSAP), Contribution P.L. 1997, c.388) - $47,102 Interest expense - $28,525 Total program expenses - $1,037,630 General revenues: Amount raised by taxation - $1,056,876 Interest on investments and deposits - $98,443 Miscellaneous revenue - $0 Total general revenues - $1,155,319 Change in net position - $117,689 Net position - beginning of year - $3,467,112 Net position - end of year - $3,584,801 The above synopsis was prepared from the financial statement with independent auditor's report of the Board of Fire Commissioners District No. 4 Township of Howell for the year ended December 31, 2024. The financial statement with independent auditor's report, submitted by Mohel, Elliott, Bauer & Gass, Certified Public Accountants, A Venning Firm is on file at the clerk's office, Township of Howell and may be inspected by any interested person. September 2, 4 2025 LNYS0361583 $174.24