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		TOWNSHIP OF LOWER MAKEFIELD
		2008 Annual Operating Budget
FUND NO. 20		DEBT SERVICE FUND EXPENDITURES
						ADOPTED
		2007	6/30/2007	12/31/2007	2008	2008
DEPT.	ACCOUNT	BUDGET	ACTUAL	PROJECTED	BUDGET	BUDGET
470	PERSONAL SERVICES	2,500	0	0	0
471	DEBT PRINCIPAL
	000 - Principal	512,159	0	512,159	525,000
	001 - Principal - Rescue Squad	37,296	18,155	37,296	38,982
	002 - Principal - DVRFA Loan #1	561,000	0	561,000	579,000
	003 - Principal - DVRFA Loan #2	0	0	0	0
	004 - Principal - PEMA	8,832	4,340	8,832	9,011
	005 - Principal - D.V.R.F.A. 2004	85,000	85,000	85,000	89,000
	DEPARTMENT TOTAL	1,204,287	107,495	1,204,287	1,240,993
472	DEBT INTEREST
	000 - Interest	281,005	135,229	270,458	259,896
	001 - Interest - Rescue Squad	13,291	7,138	13,291	11,605
	002  -Interest - D.V.R.F.A. #1	101,786	38,976	87,952	62,819
	003  -Interest - D.V.R.F.A. #2	251,836	125,918	251,836	251,836
	004  -Interest - PEMA	2,310	1,231	2,310	2,131
	005 - Interest - D.V.R.F.A. 2004	115,300	59,396	117,165	105,169
	DEPARTMENT TOTAL	765,528	367,888	743,012	693,456
475	FISCAL AGENT'S FEES
	000 - Trustee Fees	2,980	244	1,244	2,980
	TOTAL EXPENDITURES	1,975,295	475,627	1,948,543	1,937,429
	EXCESS REVENUES
	OVER EXPENDITURES	(302,484)	1,376,168	162,218	(141,476)
	ENDING FUND BALANCE	132,450	1,357,291	143,341	1,865