TOWNSHIP OF BRICK NOTICE

TOWNSHIP OF BRICK NOTICE SYNOPSIS OF THE ANNUAL AUDIT OF FIRE DISTRICT NO. 3 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 - $2,710,434 Cash - capital lease escrow account - $66,375 Prepaid expenses - $19,481 Accounts receivable - Brick Township - $389,000 Accounts receivable – other - $14,123 Capital assets, net - $455,937 Contribution receivable - length of service award program - $44,961 Cash and investments - length of service award program - $1,677,629 Total assets - $5,377,940 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows – PERS - $57,584 Total deferred outflows of resources - $57,584 Total assets and deferred outflows of resources - $5,435,524 LIABILITIES Current liabilities Accounts payable and accrued expenses - $136,311 Capital lease obligation payable - $80,829 Total current liabilities - $217,140 Noncurrent liabilities Capital lease obligation payable - $345,483 Net pension liability - $76,023 Net assets available for program benefits - length of service award program - $1,722,590 Total noncurrent liabilities - $2,144,096 Total liabilities - $2,361,236 DEFERRED INFLOWS OF RESOURCES Deferred inflows – PERS - $7,844 Total deferred inflows of resources - $7,844 Total liabilities and deferred inflows of resources - $2,369,080 NET POSITION Net investment in capital assets - $96,000 Restricted for capital projects - $1,437,978 Unrestricted - $1,532,466 Total net position - $3,066,444 SYNOPSIS OF THE ANNUAL AUDIT OF FIRE DISTRICT NO. 3 TOWNSHIP OF BRICK STATEMENT OF ACTIVITIES YEAR ENDED DECEMBER 31, 2024 2024 Expenses: Operating appropriations: Administration - $257,768 Cost of operations and maintenance - $969,881 Length of service award program (LOSAP) - Contribution P.L. 1997, c.388) - $44,961 Interest expense - $13,485 Total program expenses - $1,286,095 General revenues: Amount raised by taxation - $1,556,000 Interest on investments and deposits - $70,836 Miscellaneous revenue - $25,918 Total general revenues - $1,652,754 Change in net position - $366,659 Net position - beginning of year - $2,699,785 Net position - end of year - $3,066,444 The above synopsis was prepared from the financial statements with independent auditor's report of Fire District No. 3, 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 Vening Firm is on file at the clerk's office, Brick Township and may be inspected by any interested person. September 18, 20 2025 LNYS0371198 $202.40