TOWNSHIP OF BRICK NOTICE

TOWNSHIP OF BRICK NOTICE SYNOPSIS OF THE ANNUAL AUDIT OF FIRE DISTRICT NO. 1 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 - $3,657,783 Accounts receivable - $22,638 Prepaid expenses - $145,919 Capital assets, net - $1,924,982 Contribution receivable - length of service award program - $85,640 Cash and investments - length of service award program - $1,507,261 Total assets - $7,344,223 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows – PERS - $0 Total deferred outflows of resources - $0 - Total assets and deferred outflows of resources - $7,344,223 LIABILITIES Current liabilities Accounts payable and accrued expenses - $248,031 Total current liabilities - $248,031 Noncurrent liabilities Net pension liability Net assets available for program benefits - length of service award program - $1,592,901 Total noncurrent liabilities - $1,592,901 Total liabilities - $1,840,932 DEFERRED INFLOWS OF RESOURCES Deferred inflows – PERS - $11,633 Total deferred inflows of resources - $11,633 Total liabilities and deferred inflows of resources - $1,852,565 NET POSITION Net investment in capital assets - $1,924,982 Restricted for capital projects - $849,021 Unrestricted - $2,717,655 Total net position - $5,491,658 SYNOPSIS OF THE ANNUAL AUDIT OF FIRE DISTRICT NO. 1 TOWNSHIP OF BRICK STATEMENT OF ACTIVITIES YEAR ENDED DECEMBER 31, 2024 2024 Expenses: Operating appropriations: Administration - $175,603 Cost of operations and maintenance - $2,436,007 Length of service award program (LOSAP) - Contribution P.L. 1997, c.388) - $85,640 Total program expenses - $2,697,250 General revenues: Amount raised by taxation - $2,681,000 Interest on investments and deposits - $89,998 Sale of assets - $3,585 Other income - $40,201 Total general revenues - $2,814,784 Change in net position - $117,534 Net position - beginning of year - $5,374,124 Net position - end of year - $5,491,658 The above synopsis was prepared from the financial statements with independent auditor's report of Fire District No. 1, 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 & Company LLC Firm is on file at the clerk's office, Brick Township and may be inspected by any interested person. September 15, 17 2025 LNYS0369776 $193.60