TOWNSHIP OF BRICK NOTICE

TOWNSHIP OF BRICK NOTICE SYNOPSIS OF THE ANNUAL AUDIT OF FIRE DISTRICT NO. 2 TOWNSHIP OF BRICK STATEMENT OF NET POSITION DECEMBER 31, 2024 AS REQUIRED BY N.J.S.A. 40 A: 5A-16 2024 ASSETS Cash and cash equivalents - $ 2,224,806 Cash - capital lease escrow - $1,214,891 Accounts receivable - $672 Prepaid expenses - $22,076 Capital assets, net - $3,775,328 Contribution receivable - length of service award program - $77,076 Cash and investments - length of service award program - $1,490,451 Total assets - $8,805,300 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows – PERS - $509 Total deferred outflows of resources - $509 Total assets and deferred outflows of resources - $8,805,809 LIABILITIES Current Liabilities Capital lease obligation payable - $268,501 Accounts payable and accrued expenses - $176,656 Bonds payable - $115,000 Total current liabilities - $560,157 Noncurrent Liabilities Capital lease obligation payable - $949,514 Bonds payable - $1,290,000 Net pension liability - $23,926 Net assets available for program benefits - length of service award program - $1,567,527 Total noncurrent liabilities - $3,830,967 Total liabilities - $4,391,124 DEFERRED INFLOWS OF RESOURCES Deferred inflows – PERS - $22,680 Total deferred inflows of resources - $22,680 Total liabilities and deferred inflows of resources - $4,413,804 NET POSITION Net investment in capital assets - $2,367,204 Restricted for capital projects - $1,017,046 Unrestricted - $1,007,755 Total net position - $4,392,005 SYNOPSIS OF THE ANNUAL AUDIT OF FIRE DISTRICT NO. 2 TOWNSHIP OF BRICK STATEMENT OF ACTIVITIES YEAR ENDED DECEMBER 31, 2024 2024 Expenses: Operating appropriations: Administration - $120,659 Cost of operations and maintenance - $1,744,480 Interest expense - $96,750 Length of service award program (LOSAP) - Contribution P.L. 1997, c.388) - $77,076 Total program expenses - $2,038,965 General revenues: Amount raised by taxation - $2,309,000 Interest on investments and deposits - $48,927 Other revenues - $853 Total general revenues - $2,358,780 Change in net position - $319,815 Net position - beginning of year - $4,072,190 Net position - end of year - $4,392,005 The above synopsis was prepared from the financial statements with independent auditor's report of Fire District No. 2, Township of Brick, County of Ocean, for the year ended December 31, 2024. The financial statements 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, Brick Township and may be inspected by any interested person. September 16, 18 2025 LNYS0369906 $205.92