SYNOPSIS OF 2025 REPORT OF AUDIT
BOROUGH OF CLAYTON
COMPARATIVE STATEMENTS OF OPERATIONS AND CHANGES IN
FUND BALANCE — REGULATORY BASIS
CURRENT FUND
Revenue and Other
Income Realized
Dec. 31, 2025
Dec. 31, 2024
Surplus Utilized
$
1,549,955.00
$
1,549,955.00
Miscellaneous — From Other Than
Local Property Tax Levies
3,394,237.74
3,080,811.62
Collection of Delinquent Taxes
and Tax Title Liens
351,733.37
363,193.44
Collection of Current Tax Levy
20,198,679.06
19,453,622.22
Other Credits to Income
865,992.83
917,649.81
Total Income
26,360,598.00
25,365,232.09
Expenditures
Budget Expenditures:
Municipal Purposes
9,444,045.16
9,141,784.13
County Taxes
3,843,428.68
4,052,233.20
Local School District Taxes
11,074,707.00
10,476,997.00
Other Expenditures
71,387.70
219,192.84
Total Expenditures
24,433,568.54
23,890,207.17
Statutory Excess to Fund Balance
1,927,029.46
1,475,024.92
Fund Balance
Fund Balance January 1
4,048,530.11
4,123,460.19
5,975,559.57
5,598,485.11
Decreased by:
Utilization as Anticipated Revenue
1,549,955.00
1,549,955.00
Fund Balance December 31
$
4,425,604.57
$
4,048,530.11
SYNOPSIS OF 2025 REPORT OF AUDIT
BOROUGH OF CLAYTON
COMPARATIVE STATEMENTS OF OPERATIONS AND CHANGES IN
FUND BALANCE — REGULATORY BASIS
WATER-SEWER UTILITY OPERATING FUND
Revenue and Other
Income Realized
Dec. 31, 2025
Dec. 31, 2024
Surplus Utilized
$ 492,000.00
$385,800.00
Collection of Water Rents
3,223,676.69
3,237,609.92
Miscellaneous – Other than Water Rents
161,443.46
217,269.65
Other Credits to Income
278,943.80
510,281.66
Total Income
4,156,063.95
4,350,961.23
Expenditures
Operating
2,900,930.00
2,786,200.00
Capital Improvements
125,000.00
120,000.00
Debt Service
433,846.89
369,393.55
Deferred Charges and Statutory Expenditures
127,745.00
123,800.00
Total Expenditures
3,587,521.89
3,399,393.55
Statutory Excess in Fund Balance
568,542.06
951,567.68
Fund Balance
Fund Balance January 1
1,818,317.97
1,252,550.29
2,386,860.03
2,204,117.97
Decreased by:
Utilization as Anticipated Revenue
492,000.00
385,800.00
Fund Balance December 31
$1,894,860.03
$ 1,818,317.97
RECOMMENDATIONS
None.
The above synopsis was prepared from the Report of Audit of the Borough of Clayton, County of Gloucester,
for the calendar year 2025, submitted by Michael D. Cesaro, Registered Municipal Accountant, Certified
Public Accountant of PKF O’Connor Davies, LLP.The information included therein is not intended to represent complete financial information as presented in the Report of Audit. A copy of the Report of Audit is on file at the Municipal Clerk’s office and may be inspected by any interested person.
Christine Newcomb Clerk
Published The Sentinel of GC Weekly Digital Edition 9/24/2026