[{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":117,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":117,"line":6,"text":" Note 10. Pension Obligations (continued)  B. Police and Firemen\u2019s Retirement System (PFRS) (continued)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":117,"line":14,"text":" Salary Increases: Through                                                 All future years 3.25 - 16.25%","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":117,"line":19,"text":" Investment Rate of Return                                      7.00%  Employee mortality rates were based on the PubS-2010 amount-weighted mortality table with a 105.6%","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":117,"line":31,"text":" Long-Term Expected Rate of Return - In accordance with State statute, the long-term expected rate of return on plan investments (7.00% at June 30, 2023) is determined by the State Treasurer, after consultation with the Directors of the Division of Investments and Division of Pensions and Benefits, the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":117,"line":33,"text":"return on plan investments (7.00% at June 30, 2023) is determined by the State Treasurer, after consultation with the Directors of the Division of Investments and Division of Pensions and Benefits, the board of trustees and the actuaries. The long-term expected rate of return was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":117,"line":34,"text":"consultation with the Directors of the Division of Investments and Division of Pensions and Benefits, the board of trustees and the actuaries. The long-term expected rate of return was determined using a building block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":117,"line":36,"text":"block method in which best-estimate ranges of expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":117,"line":37,"text":"of pension plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. Best estimates of arithmetic rates of return for each major asset class included in PFRS\u2019s target asset allocation as of June","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":6,"text":" Note 10. Pension Obligations (continued)  B. Police and Firemen\u2019s Retirement System (PFRS) (continued)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":12,"text":"Target            Expected Real Asset Class                     Allocation         Rate of Return  U.S. Equity                                   28.00%               8.98%","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":30,"text":" Discount Rate - The discount rate used to measure the total pension liability was 7.00% as of June 30, 2023. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":31,"text":"Discount Rate - The discount rate used to measure the total pension liability was 7.00% as of June 30, 2023. The projection of cash flows used to determine the discount rate assumed that contributions from plan members will be made at the current member contribution rates and that contributions from employers and the nonemployer contributing entity will be based on 100% of the actuarially determined","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":36,"text":"employers. Based on those assumptions, the plan\u2019s fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all projected benefit payments to determine the total pension liability.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":37,"text":"make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on plan investments was applied to all projected benefit payments to determine the total pension liability. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":38,"text":"rate of return on plan investments was applied to all projected benefit payments to determine the total pension liability.  Sensitivity of the County\u2019s Proportionate Share of the Net Pension Liability to Changes in the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":40,"text":" Sensitivity of the County\u2019s Proportionate Share of the Net Pension Liability to Changes in the Discount Rate - The following presents the County\u2019s proportionate share of the net pension liability calculated using the discount rate as disclosed above, as well as what the County\u2019s proportionate share of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":41,"text":"Sensitivity of the County\u2019s Proportionate Share of the Net Pension Liability to Changes in the Discount Rate - The following presents the County\u2019s proportionate share of the net pension liability calculated using the discount rate as disclosed above, as well as what the County\u2019s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":42,"text":"Discount Rate - The following presents the County\u2019s proportionate share of the net pension liability calculated using the discount rate as disclosed above, as well as what the County\u2019s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (6.00%) or 1-percentage-point higher (8.00%) than the current rate:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":43,"text":"calculated using the discount rate as disclosed above, as well as what the County\u2019s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (6.00%) or 1-percentage-point higher (8.00%) than the current rate:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":118,"line":44,"text":"the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (6.00%) or 1-percentage-point higher (8.00%) than the current rate:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":119,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":119,"line":6,"text":" Note 10. Pension Obligations (continued)  B. Police and Firemen\u2019s Retirement System (PFRS) (continued)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":119,"line":13,"text":" Related Party Investments - The Division of Pensions and Benefits does not invest in securities issued by the County. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":119,"line":19,"text":"The Defined Contribution Retirement Program (DCRP) is a cost-sharing multiple-employer defined contribution pension fund which was established in 2007, under the provisions of Chapter 92, P.L. 2007 and Chapter 103, P.L. 2007 (N.J.SA 43:15C-1 et. seq.) and expanded under the provisions of Chapter 89, P.L. 2008 and Chapter 1, P.L. 2010. The DCRP provides eligible members, and their beneficiaries, with","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":119,"line":22,"text":"P.L. 2008 and Chapter 1, P.L. 2010. The DCRP provides eligible members, and their beneficiaries, with a tax-sheltered, defined contribution retirement benefit, along with life insurance and disability coverage. Vesting and benefit provisions are established by N.J.S.A.43:15C-l et. seq. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":119,"line":23,"text":"a tax-sheltered, defined contribution retirement benefit, along with life insurance and disability coverage. Vesting and benefit provisions are established by N.J.S.A.43:15C-l et. seq.  The contribution requirements of plan members are determined by State statute. In accordance with","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":119,"line":27,"text":"Chapter 92, P.L. 2007 and Chapter 103, P.L. 2007, plan members are required to contribute 5.5% of their annual covered salary. In addition to the employee contributions, the County's contribution amounts for each pay period are transmitted to Prudential Financial not later than the fifth business day after the date on which the employee is paid for that pay period.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":119,"line":28,"text":"annual covered salary. In addition to the employee contributions, the County's contribution amounts for each pay period are transmitted to Prudential Financial not later than the fifth business day after the date on which the employee is paid for that pay period. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":6,"text":" Note 10. Pension Obligations (continued)  C. Defined Contribution Retirement Program (continued)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":10,"text":" Related Party Investments - The Division of Pensions and Benefits does not invest in securities issued by the County. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":13,"text":" Note 11. Postemployment Benefits Other Than Pensions  As of the date of this report, the New Jersey Division of Pension and Benefits has not provided","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":15,"text":" As of the date of this report, the New Jersey Division of Pension and Benefits has not provided updated actuarial valuations for pension obligations for the year ended June 30, 2024. The New Jersey Division of Pension and Benefits will post these reports on their website as they are made available. The","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":16,"text":"As of the date of this report, the New Jersey Division of Pension and Benefits has not provided updated actuarial valuations for pension obligations for the year ended June 30, 2024. The New Jersey Division of Pension and Benefits will post these reports on their website as they are made available. The footnote below includes the most current information made publicly available, which had a reporting date","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":17,"text":"updated actuarial valuations for pension obligations for the year ended June 30, 2024. The New Jersey Division of Pension and Benefits will post these reports on their website as they are made available. The footnote below includes the most current information made publicly available, which had a reporting date of June 30, 2023.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":23,"text":" The State Health Benefit Local Government Retired Employees Plan (the Plan) is a cost-sharing multiple- employer defined benefit other postemployment benefit (OPEB) plan with a special funding situation. It covers employees of local government employers that have adopted a resolution to participate in the Plan.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":24,"text":"The State Health Benefit Local Government Retired Employees Plan (the Plan) is a cost-sharing multiple- employer defined benefit other postemployment benefit (OPEB) plan with a special funding situation. It covers employees of local government employers that have adopted a resolution to participate in the Plan. For additional information about the Plan, please refer to the State of New Jersey (the State), Division of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":27,"text":"For additional information about the Plan, please refer to the State of New Jersey (the State), Division of Pensions and Benefits\u2019 (the Division) Annual Comprehensive Financial Report (ACFR), which can be found at https://www.state.nj.us/treasury/pensions/financial-reports.shtml. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":28,"text":"Pensions and Benefits\u2019 (the Division) Annual Comprehensive Financial Report (ACFR), which can be found at https://www.state.nj.us/treasury/pensions/financial-reports.shtml.  The Plan provides medical and prescription drug to retirees and their covered dependents of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":33,"text":"government employers electing to provide postretirement medical coverage to their employees must file a resolution with the Division. Under Chapter 88, local employers elect to provide benefit coverage based on the eligibility rules and regulations promulgated by the State Health Benefits Commission. Chapter 48 allows local employers to establish their own age and service eligibility for employer paid health benefits","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":34,"text":"resolution with the Division. Under Chapter 88, local employers elect to provide benefit coverage based on the eligibility rules and regulations promulgated by the State Health Benefits Commission. Chapter 48 allows local employers to establish their own age and service eligibility for employer paid health benefits coverage for retired employees.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":35,"text":"on the eligibility rules and regulations promulgated by the State Health Benefits Commission. Chapter 48 allows local employers to establish their own age and service eligibility for employer paid health benefits coverage for retired employees. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":39,"text":"Under Chapter 48, the employer may assume the cost of postretirement medical coverage for employees and their dependents who: 1) retired on a disability pension; or 2) retired with 25 or more years of service credit in a State or locally administered retirement system and a period of service of up to 25 years with the employer at the time of retirement as established by the employer; or 3) retired and reached the age of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":46,"text":"the law provides that the employer paid obligations for retiree coverage may be determined by means of a collective negotiations agreement.  In accordance with Chapter 330, P.L. 1997, which is codified in N.J.S.A 52:14-17.32i, the State provides","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":52,"text":"employers were required to file a resolution with the Division in order for their employees to qualify for State-paid retiree health benefits coverage under Chapter 330. The State also provides funding for retiree health benefits to survivors of local police officers and firefighters who die in the line of duty under Chapter 271, P.L.1989.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":120,"line":53,"text":"State-paid retiree health benefits coverage under Chapter 330. The State also provides funding for retiree health benefits to survivors of local police officers and firefighters who die in the line of duty under Chapter 271, P.L.1989.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":121,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":121,"line":6,"text":" Note 11. Postemployment Benefits Other Than Pensions (continued)  Pursuant to Chapter 78, P.L, 2011, future retirees eligible for postretirement medical coverage who have","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":121,"line":10,"text":"less than 20 years of creditable service on June 28, 2011 will be required to pay a percentage of the cost of their health care coverage in retirement provided they retire with 25 or more years of pension service credit. The percentage of the premium for which the retiree will be responsible will be determined based on the retiree\u2019s annual retirement benefit and level of coverage.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":121,"line":12,"text":"credit. The percentage of the premium for which the retiree will be responsible will be determined based on the retiree\u2019s annual retirement benefit and level of coverage.  Basis of Presentation","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":121,"line":18,"text":"and nonemployer (collectively, the Schedules) present amounts that are considered elements of the financial statements of its participating employers or the State as a nonemployer contributing entity. Accordingly, they do not purport to be a complete presentation of the financial position or changes in financial position of the participating employers or the State. The accompanying Schedules were prepared","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":121,"line":19,"text":"financial statements of its participating employers or the State as a nonemployer contributing entity. Accordingly, they do not purport to be a complete presentation of the financial position or changes in financial position of the participating employers or the State. The accompanying Schedules were prepared in accordance with U.S. generally accepted accounting principles. Such preparation requires management","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":121,"line":20,"text":"Accordingly, they do not purport to be a complete presentation of the financial position or changes in financial position of the participating employers or the State. The accompanying Schedules were prepared in accordance with U.S. generally accepted accounting principles. Such preparation requires management of the Plan to make a number of estimates and assumptions relating to the reported amounts. Due to the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":121,"line":29,"text":"share of the collective net OPEB liability, collective deferred outflows of resources, collective deferred inflows of resources, and collective OPEB (benefit) expense. The special funding situation\u2019s and nonspecial funding situation\u2019s net OPEB liability, deferred outflows of resources, deferred inflows of resources, and OPEB (benefit) expense are based on separately calculated total OPEB liabilities. For the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":121,"line":31,"text":"nonspecial funding situation\u2019s net OPEB liability, deferred outflows of resources, deferred inflows of resources, and OPEB (benefit) expense are based on separately calculated total OPEB liabilities. For the special funding situation and the nonspecial funding situation, the total OPEB liabilities for the year ended June 30, 2023 were $3,461,898,890.00 and $11,427,677,896.00, respectively. The nonspecial","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":121,"line":35,"text":"funding situation\u2019s net OPEB liability, deferred outflows of resources, deferred inflows of resources, and OPEB (benefit) expense are further allocated to employers based on the ratio of the plan members of an individual employer to the total members of the Plan\u2019s nonspecial funding situation during the measurement period July 1, 2022 through June 30, 2023. Employer and nonemployer allocation","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":122,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":122,"line":6,"text":" Note 11. Postemployment Benefits Other Than Pensions (continued)  Net OPEB Liability","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":122,"line":12,"text":"which was rolled forward to June 30, 2023. The actuarial assumptions vary for each plan member depending on the pension plan the member is enrolled in. This actuarial valuation used the following actuarial assumptions, applied to all periods in the measurement: ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":122,"line":18,"text":" OPEB Obligation and OPEB (benefit) Expense - The State\u2019s proportionate share of the total Other Post-Employment Benefits Obligations, attributable to the County\u2019s as of June 30, 2023 was $433,469,145.00 The County\u2019s proportionate share was $0.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":122,"line":19,"text":"OPEB Obligation and OPEB (benefit) Expense - The State\u2019s proportionate share of the total Other Post-Employment Benefits Obligations, attributable to the County\u2019s as of June 30, 2023 was $433,469,145.00 The County\u2019s proportionate share was $0. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":122,"line":31,"text":" For the fiscal year ended June 30, 2023, the State of New Jersey recognized an OPEB (benefit) expense in the amount of $3,951,516.00 for the State\u2019s proportionate share of the OPEB (benefit) expense attributable to the County. This OPEB (benefit) expense was based on the OPEB plans June 30, 2023","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":122,"line":32,"text":"For the fiscal year ended June 30, 2023, the State of New Jersey recognized an OPEB (benefit) expense in the amount of $3,951,516.00 for the State\u2019s proportionate share of the OPEB (benefit) expense attributable to the County. This OPEB (benefit) expense was based on the OPEB plans June 30, 2023 measurement date.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":122,"line":33,"text":"the amount of $3,951,516.00 for the State\u2019s proportionate share of the OPEB (benefit) expense attributable to the County. This OPEB (benefit) expense was based on the OPEB plans June 30, 2023 measurement date.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":6,"text":" Note 11. Postemployment Benefits Other Than Pensions (continued)  Actuarial assumptions used in the July 1, 2022 valuation were based on the results of the PFRS and PERS","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":15,"text":" For pre-Medicare medical benefits, the trend is initially 6.50% and decreases to a 4.50% long-term trend rate after nine years. For post-65 medical benefits PPO, the trend is increasing to 14.8% in fiscal year 2026 and decreases to 4.50% in fiscal year 2033. For HMO, the trend is increasing to 17.4% in fiscal year","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":16,"text":"For pre-Medicare medical benefits, the trend is initially 6.50% and decreases to a 4.50% long-term trend rate after nine years. For post-65 medical benefits PPO, the trend is increasing to 14.8% in fiscal year 2026 and decreases to 4.50% in fiscal year 2033. For HMO, the trend is increasing to 17.4% in fiscal year 2026 and decreases to 4.50% in fiscal year 2033. For prescription drug benefits, the initial trend rate is","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":18,"text":"2026 and decreases to 4.50% in fiscal year 2033. For HMO, the trend is increasing to 17.4% in fiscal year 2026 and decreases to 4.50% in fiscal year 2033. For prescription drug benefits, the initial trend rate is 9.5% and decreases to a 4.50% long-term trend rate after seven years. For the Medicare Part B reimbursement, the trend rate is 5.00%","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":19,"text":"2026 and decreases to 4.50% in fiscal year 2033. For prescription drug benefits, the initial trend rate is 9.5% and decreases to a 4.50% long-term trend rate after seven years. For the Medicare Part B reimbursement, the trend rate is 5.00% ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":20,"text":"9.5% and decreases to a 4.50% long-term trend rate after seven years. For the Medicare Part B reimbursement, the trend rate is 5.00%  Discount Rate","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":22,"text":" Discount Rate  The discount rate for June 30, 2023 was 3.65%. This represents the municipal bond return rate as chosen","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":24,"text":" The discount rate for June 30, 2023 was 3.65%. This represents the municipal bond return rate as chosen by the State. The source is the Bond Buyer Go 20-Bond Municipal Bond Index, which includes tax- exempt general obligation municipal bonds with an average rating of AA/Aa or higher. As the long-term","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":27,"text":"exempt general obligation municipal bonds with an average rating of AA/Aa or higher. As the long-term rate of return is less than the municipal bond rate, it is not considered in the calculation of the discount rate, rather the discount rate is set at the municipal bond rate. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":28,"text":"rate of return is less than the municipal bond rate, it is not considered in the calculation of the discount rate, rather the discount rate is set at the municipal bond rate.  Sensitivity of Net OPEB Liability to Changes in the Discount Rate","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":30,"text":" Sensitivity of Net OPEB Liability to Changes in the Discount Rate  The following presents the collective net OPEB liability of the participating employers as of June 30,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":33,"text":"The following presents the collective net OPEB liability of the participating employers as of June 30, 2023, calculated using the discount rate as disclosed above as well as what the collective net OPEB liability would be if it was calculated using a discount rate that is 1-percentage point lower or 1- percentage-point higher than the current rate:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":34,"text":"2023, calculated using the discount rate as disclosed above as well as what the collective net OPEB liability would be if it was calculated using a discount rate that is 1-percentage point lower or 1- percentage-point higher than the current rate: ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":35,"text":"liability would be if it was calculated using a discount rate that is 1-percentage point lower or 1- percentage-point higher than the current rate:  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":39,"text":"At 1%               At Discount                  At 1% Decrease (2.65%)         Rate (3.65%)            Increase (4.65%) State of New Jersey's Proportionate Share of Total OPEB","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":49,"text":" Sensitivity of Net OPEB Liability to Changes in the Healthcare Trend Rate:  The following presents the net OPEB liability as of June 30, 2023, calculated using the healthcare trend","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":52,"text":"The following presents the net OPEB liability as of June 30, 2023, calculated using the healthcare trend rate as disclosed above as well as what the net OPEB liability would be if it was calculated using a healthcare trend rate that is 1-percentage point lower or 1-percentage point higher than the current rate:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":123,"line":53,"text":"rate as disclosed above as well as what the net OPEB liability would be if it was calculated using a healthcare trend rate that is 1-percentage point lower or 1-percentage point higher than the current rate:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":124,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":124,"line":6,"text":" Note 11. Postemployment Benefits Other Than Pensions (continued)  Healthcare Cost","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":124,"line":9,"text":"Healthcare Cost 1% Decrease                 Trend Rate                   1% Increase State of New Jersey's Proportionate Share of Total OPEB","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":125,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":125,"line":6,"text":" Note 11. Postemployment Benefits Other Than Pensions (continued)  Plan Membership","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":125,"line":15,"text":"Active Plan Members                                      89,701 Retirees Currently Receiving Benefits                    19,688  Total Plan Members                                      109,389","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":125,"line":29,"text":"Interest on the Total OPEB Liability                                           581,375,849.00 Change of Benefit Terms                                                         23,039,435.00 Differences Between Expected and Actual Experience                          (2,123,324,632.00) Changes of Assumptions                                                         255,103,873.00","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":125,"line":50,"text":"maintenance organization participating in the program providing the lowest premium or periodic charge. The State also provides funding for retiree health benefits to survivors of local police officers and firefighters who die in the line of duty under Chapter 271, P.L.1989.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":126,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":126,"line":6,"text":" Note 11. Postemployment Benefits Other Than Pensions (continued)  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":126,"line":12,"text":"participating employers do not contribute under this legislation directly to the plan, there is no net OPEB liability, deferred outflows of resources or deferred inflows of resources to report in the financial statements of the local participating employers related to this legislation. However, the notes to the financial statements of the local participating employers must disclose the portion of the nonemployer","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":126,"line":14,"text":"statements of the local participating employers related to this legislation. However, the notes to the financial statements of the local participating employers must disclose the portion of the nonemployer contributing entities\u2019 total proportionate share of the collective net OPEB liability that is associated with the local participating employer.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":126,"line":20,"text":"allocations and the supplemental schedule of special funding amounts by employer for each employer are provided as each employer is required to record in their financial statements, as an expense (benefit) and corresponding revenue, their proportionate share of the OPEB expense (benefit) allocated to the State of New Jersey under the special funding situation and include their proportionate share of the collective net","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":126,"line":21,"text":"provided as each employer is required to record in their financial statements, as an expense (benefit) and corresponding revenue, their proportionate share of the OPEB expense (benefit) allocated to the State of New Jersey under the special funding situation and include their proportionate share of the collective net OPEB liability in their respective notes to their financial statements. For this purpose, the proportionate","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":126,"line":23,"text":"New Jersey under the special funding situation and include their proportionate share of the collective net OPEB liability in their respective notes to their financial statements. For this purpose, the proportionate share was developed based on eligible plan members subject to the special funding situation. This data takes into account active members from both participating and non-participating employer locations and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":126,"line":26,"text":"takes into account active members from both participating and non-participating employer locations and retired members currently receiving OPEB benefits.  Additionally, the State\u2019s proportionate share of the OPEB liability attributable to the County is","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":126,"line":43,"text":" At December 31, 2023, the State\u2019s proportionate share of the OPEB (benefit) expense, associated with the County, calculated by the plan as of the June 30, 2023 measurement date was $(96,402.00).","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":6,"text":" Note 12. Accrued Sick, Vacation and Compensation Time  GASB Statement No. 101, Compensated Absences, requires that liabilities for compensated absences be","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":16,"text":"Jersey, the cash basis of accounting is followed for recording the County\u2019s liability related to unused vacation, sick pay and compensation time. The County permits certain employees within limits to accumulate unused vacation, sick pay and compensation time, which may be taken as time off or paid at a later date at an agreed upon rate. In accordance with New Jersey accounting principles, this unused","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":17,"text":"vacation, sick pay and compensation time. The County permits certain employees within limits to accumulate unused vacation, sick pay and compensation time, which may be taken as time off or paid at a later date at an agreed upon rate. In accordance with New Jersey accounting principles, this unused accumulated absences amount is not reported as a liability in the accompanying financial statements.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":18,"text":"accumulate unused vacation, sick pay and compensation time, which may be taken as time off or paid at a later date at an agreed upon rate. In accordance with New Jersey accounting principles, this unused accumulated absences amount is not reported as a liability in the accompanying financial statements. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":19,"text":"later date at an agreed upon rate. In accordance with New Jersey accounting principles, this unused accumulated absences amount is not reported as a liability in the accompanying financial statements.  Under current policies and in accordance with N.J.S.A. 40A:9-10.2, unused sick leave is paid at an agreed","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":22,"text":"Under current policies and in accordance with N.J.S.A. 40A:9-10.2, unused sick leave is paid at an agreed upon rate upon separation of employment. Excess unused sick leave above the statutory cap is not paid out upon separation and lapses unless used. However, a liability is recognized under GASB 101 to the extent such leave is expected to be used as time off. It is estimated that accrued benefits for compensated","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":24,"text":"out upon separation and lapses unless used. However, a liability is recognized under GASB 101 to the extent such leave is expected to be used as time off. It is estimated that accrued benefits for compensated absences, in accordance with GASB Statement No. 101, are valued at $2,531,476.96 at December 31, 2024.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":29,"text":"The County has established a Trust Fund in accordance with NJSA 40A:4-39 to set aside funds for future payments of compensated absences. As of December 31, 2024, the County has reserved in the Other Trust Fund $1,864,801.75 to fund compensated absences in accordance with NJSA 40A:4-39. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":33,"text":"This estimate includes leave that is expected to be paid upon separation from service, and sick leave and compensation time to the extend that such leave is more likely than not to be used by employees as paid time off, based on historical usage patterns. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":39,"text":" Note 13. Deferred Compensation Salary Account  The County offers its employees a Deferred Compensation Plan in accordance with Internal Revenue","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":41,"text":" The County offers its employees a Deferred Compensation Plan in accordance with Internal Revenue Code Section 457 which has been approved by the Director of the Division of Local Government Services. The Plan, available to all full time employees at their option, permits employees to defer a","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":44,"text":"Services. The Plan, available to all full time employees at their option, permits employees to defer a portion of their salary to future years. The deferred compensation is not available to participants until termination, retirement, death or unforeseeable emergency. Amounts deferred under Section 457 plans must be held in trust for the exclusive benefits of participating employees and not be accessible by the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":46,"text":"termination, retirement, death or unforeseeable emergency. Amounts deferred under Section 457 plans must be held in trust for the exclusive benefits of participating employees and not be accessible by the County or its creditors. Since the County does not have a fiduciary relationship with the Plan, the balances and activities of the Plan are not reported in the County\u2019s financial statements.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":48,"text":"County or its creditors. Since the County does not have a fiduciary relationship with the Plan, the balances and activities of the Plan are not reported in the County\u2019s financial statements.  Note 14. Arbitrage","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":127,"line":52,"text":" Under section 148 (f) of the Internal Revenue Code of the United States, interest on bonds of a local governmental unit is not tax exempt unless the issuer of such bonds rebates to the United States Government arbitrage profits earned from investing proceeds of the bond in higher yielding non-purpose","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":9,"text":"As of the date of the audit, the County does not anticipate an arbitrage liability. Any liability would be paid from interest earned on Capital Fund cash, cash equivalents and contingent appropriations after review of the calculations by the County\u2019s financial advisors. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":10,"text":"paid from interest earned on Capital Fund cash, cash equivalents and contingent appropriations after review of the calculations by the County\u2019s financial advisors.  Note 15. Lease Obligations","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":14,"text":" On May 30, 2023, the County extended a lease agreement for space located at 213 Washington Street, Toms River. The lease runs from June 1, 2023 through May 31, 2033. The County is required to pay equal monthly installments. The lease is described as triple net lease, which is defined as a lease whereby","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":18,"text":"the tenant is solely responsible for all of the costs relating to the asset being leased. Examples of the types of costs relating to the asset being leased are taxes, insurance, maintenance expense and snow and trash removal. The amount expended by the County for this lease during the period under audit was $509,480.16, which included real estate taxes.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":19,"text":"of costs relating to the asset being leased are taxes, insurance, maintenance expense and snow and trash removal. The amount expended by the County for this lease during the period under audit was $509,480.16, which included real estate taxes. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":22,"text":" On February 19, 2015, the County entered into a lease agreement for space located in the Ocean County Mall. The lease was authorized with the landlord, Simon Property Group, Inc. (\u201cthe landlord\u201d) for a period of 10 years. In addition to minimum annual rents, the County is also responsible for common area","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":25,"text":"period of 10 years. In addition to minimum annual rents, the County is also responsible for common area maintenance, real estate taxes, media funding and promotion. \u2013\u2013The amount expended by the County for this lease during the period under audit was $244,273.34 which included the common area maintenance, real estate taxes, media funding and promotion.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":29,"text":" On February 2, 2022, the County entered into a lease agreement with 206 Courthouse, LLC for property located at 206 Courthouse Lane. The lease runs from January 1, 2022 through December 31, 2025. Annual rent for the term of the lease ranges from $153,345.48 to $165,986.08. The County is also","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":32,"text":"Annual rent for the term of the lease ranges from $153,345.48 to $165,986.08. The County is also responsible for real estate taxes and the cost of three parking spaces. The amount expended by the County for this lease during the period under audit was $183,232.20. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":35,"text":" On January 30, 2023, the County extended a lease agreement with Richard S. Haines for space located at 7 Hadley Avenue. The lease runs from January 1, 2023 through December 31, 2027. The rent was established at $7,309.27 per month. Upon the first anniversary and each year thereafter, the rent will","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":41,"text":"using 2022 as the base year, but in no event shall the rent be less than $7,309.27 per month. The amount expended by the County for this lease for 2024 rent was $115,530.19.  On November 16, 2016, the County extended a lease agreement with the Ocean County Library","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":43,"text":" On November 16, 2016, the County extended a lease agreement with the Ocean County Library Commission, the Township of Manchester and Paramount Realty Services, Inc. for a portion of the premises known as Block 109, Lot 1 of the Township of Manchester also known as the Whiting","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":50,"text":"as reimbursement of 50% of the $69,000.00 annual rent. The County received $34,500.00 from Manchester Township for its share of the rent, which was treated as miscellaneous revenue by the County. The amount expended by the County for this lease for 2024 rent was $79,350.00.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":128,"line":51,"text":"Manchester Township for its share of the rent, which was treated as miscellaneous revenue by the County. The amount expended by the County for this lease for 2024 rent was $79,350.00.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":8,"text":" On December 20, 2023, the County extended a lease agreement with Madison Avenue Office Complex, LLC for office space located at 16 Madison Avenue. The lease will run from January 1, 2024 through December 31, 2028. The rent was established at $11,438.29 per month for 2024, $11,684.56 per month","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":11,"text":"December 31, 2028. The rent was established at $11,438.29 per month for 2024, $11,684.56 per month for 2025, $11,938.23 for 2026, $12,199.50 for 2027, and $12,468.61 for 2028. The amount expended by the County for this lease in 2024 rent was $137,259.48. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":14,"text":" On May 18, 2022, the County extended a lease agreement with Grand Avenue Office Complex, LLC for office space at 9 Grand Avenue. The lease will run from April 1, 2022 to March 31, 2025. Rent was established at $122,569.56 per year. The amount expended by the County for this lease for 2024 rent was","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":16,"text":"office space at 9 Grand Avenue. The lease will run from April 1, 2022 to March 31, 2025. Rent was established at $122,569.56 per year. The amount expended by the County for this lease for 2024 rent was $84,019.97. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":19,"text":" Note 16. Ocean County Utilities Authority \u2013 Deficiency Advance Contract  Provisions of a deficiency advance contract (the \u201cContract\u201d executed between the County and the Ocean","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":21,"text":" Provisions of a deficiency advance contract (the \u201cContract\u201d executed between the County and the Ocean County Utilities Authority (the \u201cAuthority\u201d) obligate the County to pay any principal and interest, which may become due on outstanding project or permanent bonds of the Authority. Although the County\u2019s","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":24,"text":"may become due on outstanding project or permanent bonds of the Authority. Although the County\u2019s obligation pursuant to the Contract is a direct and general obligation, the Authority anticipates that its operating costs and the principal and interest and reserve requirements on its obligations will be paid from the revenue derived from service charges to customers using the Authority\u2019s system. At December 31,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":26,"text":"operating costs and the principal and interest and reserve requirements on its obligations will be paid from the revenue derived from service charges to customers using the Authority\u2019s system. At December 31, 2024 the Authority\u2019s issued and outstanding debt principal was $55,230,576.98. This number was abstracted from the most recent available audit of the Ocean County Utilities Authority.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":27,"text":"the revenue derived from service charges to customers using the Authority\u2019s system. At December 31, 2024 the Authority\u2019s issued and outstanding debt principal was $55,230,576.98. This number was abstracted from the most recent available audit of the Ocean County Utilities Authority. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":34,"text":"destruction of assets; errors and omissions; and injuries to employees. During April 2021, the County of Ocean became a member of the Ocean County Insurance Commission for insurance coverage purposes. For all legacy claims prior to the establishment of the Commission, the County of Ocean has established various trust funds to finance it self-insured retention program.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":39,"text":"Certain component units and related entities, whose operating results are not otherwise reported in the basic financial statements of the County, made contributions to the trust funds, along with the County, based on actuarial estimates of the amounts needed to pay the legacy claims. Following is a list of the coverage and the component units, if any associated with that coverage.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":129,"line":43,"text":"Coverage                                        Component Units and Related Entities Worker\u2019 Compensation                            Board of Social Services Library Commission Mosquito Commission","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":10,"text":"expense reserves as of December 31, 2024 for the legacy claims. The County retains $250,000.00 per occurrence for workers\u2019 compensation, general liability, automobile liability, public officials\u2019 liability, and police professional liability coverages. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":13,"text":" The County, component unit and related entity participants in the self-insurance program make payments to the trust funds in accordance with the funding targets and timetable established by the review of Actuarial Advantages, Inc. The deposits in the trust funds at December 31, 2024, the most recent date for","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":19,"text":"based on the requirements of Government Accounting Standards Board 10, which stipulates that a liability for claims be disclosed, if information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":20,"text":"liability for claims be disclosed, if information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred at the date of the financial statements and the amount of the loss can be reasonably estimated. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":23,"text":" Self-insurance reserves for general liability, automobile liability, police professional liability and public official\u2019s liability met or exceeded the actuarially recommended amounts at December 31, 2024. Self- insurance reserves for workers\u2019 compensation were below the actuarially recommended amounts at year-","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":25,"text":"official\u2019s liability met or exceeded the actuarially recommended amounts at December 31, 2024. Self- insurance reserves for workers\u2019 compensation were below the actuarially recommended amounts at year- end. The County budgets annually to replenish these reserves. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":26,"text":"insurance reserves for workers\u2019 compensation were below the actuarially recommended amounts at year- end. The County budgets annually to replenish these reserves.  The year-end status of the County\u2019s self-insurance reserves are as follows:","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":28,"text":" The year-end status of the County\u2019s self-insurance reserves are as follows:  Remainder to","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":33,"text":"Balance        Recommendation      2024 Actuarial       Raised in       Subsequent Dec. 31, 2024     at Dec. 31, 2024   Recommended         2025 Budget       Budgets Worker's Compensation                 $ 13,488,744.44   $   12,091,981.00   $   1,396,763.44   $ 2,298,842.00   $ (3,695,605.44) Self-Insurance Police Professionals      1,022,348.39           86,373.00         935,975.39         1,000.00       (936,975.39)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":34,"text":"Dec. 31, 2024     at Dec. 31, 2024   Recommended         2025 Budget       Budgets Worker's Compensation                 $ 13,488,744.44   $   12,091,981.00   $   1,396,763.44   $ 2,298,842.00   $ (3,695,605.44) Self-Insurance Police Professionals      1,022,348.39           86,373.00         935,975.39         1,000.00       (936,975.39) Self-Insurance Public Officials          1,542,192.51            3,564.00       1,538,628.51         1,000.00     (1,539,628.51)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":35,"text":"Worker's Compensation                 $ 13,488,744.44   $   12,091,981.00   $   1,396,763.44   $ 2,298,842.00   $ (3,695,605.44) Self-Insurance Police Professionals      1,022,348.39           86,373.00         935,975.39         1,000.00       (936,975.39) Self-Insurance Public Officials          1,542,192.51            3,564.00       1,538,628.51         1,000.00     (1,539,628.51) General Liability                        1,197,632.76          257,292.00         940,340.76         1,000.00       (941,340.76)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":36,"text":"Self-Insurance Police Professionals      1,022,348.39           86,373.00         935,975.39         1,000.00       (936,975.39) Self-Insurance Public Officials          1,542,192.51            3,564.00       1,538,628.51         1,000.00     (1,539,628.51) General Liability                        1,197,632.76          257,292.00         940,340.76         1,000.00       (941,340.76) Automobile Liability                       559,366.55           11,538.00         547,828.55         1,000.00       (548,828.55)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":42,"text":" Note 18. Contracts Payable  The County has committed design and construction contracts outstanding at December 31, 2024. These","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":44,"text":" The County has committed design and construction contracts outstanding at December 31, 2024. These contracts are not accounted for separately. Contracts are encumbered at the time the bids are awarded. Outstanding contracts at year-end are reflected as encumbrances on the balance sheets of the respective","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":45,"text":"The County has committed design and construction contracts outstanding at December 31, 2024. These contracts are not accounted for separately. Contracts are encumbered at the time the bids are awarded. Outstanding contracts at year-end are reflected as encumbrances on the balance sheets of the respective funds of the County.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":130,"line":46,"text":"contracts are not accounted for separately. Contracts are encumbered at the time the bids are awarded. Outstanding contracts at year-end are reflected as encumbrances on the balance sheets of the respective funds of the County.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":10,"text":" The County receives financial assistance from the State of New Jersey and the U. S. Government in the form of grants. Entitlement to the funds is generally conditional upon compliance with terms and conditions of the financial assistance agreements and applicable regulations, including the expenditure of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":11,"text":"The County receives financial assistance from the State of New Jersey and the U. S. Government in the form of grants. Entitlement to the funds is generally conditional upon compliance with terms and conditions of the financial assistance agreements and applicable regulations, including the expenditure of the funds for eligible purposes. Substantially all grants, entitlements and cost reimbursements are subject","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":12,"text":"form of grants. Entitlement to the funds is generally conditional upon compliance with terms and conditions of the financial assistance agreements and applicable regulations, including the expenditure of the funds for eligible purposes. Substantially all grants, entitlements and cost reimbursements are subject to financial and compliance audits by grantors.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":13,"text":"conditions of the financial assistance agreements and applicable regulations, including the expenditure of the funds for eligible purposes. Substantially all grants, entitlements and cost reimbursements are subject to financial and compliance audits by grantors. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":14,"text":"the funds for eligible purposes. Substantially all grants, entitlements and cost reimbursements are subject to financial and compliance audits by grantors.  As a result of these audits, costs previously reimbursed could be disallowed and require repayment to the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":16,"text":" As a result of these audits, costs previously reimbursed could be disallowed and require repayment to the grantor agency. As of December 31, 2024, the County estimates that no material liabilities will result from such audits.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":17,"text":"As a result of these audits, costs previously reimbursed could be disallowed and require repayment to the grantor agency. As of December 31, 2024, the County estimates that no material liabilities will result from such audits. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":22,"text":" The Board of School Estimates approved an Appropriation of $23,051,426.00 for the Ocean County Vocational Technical School Year July 1, 2024 to June 30, 2025. The County funded this amount by appropriating $23,051,426.00 in the County\u2019s 2024 budget.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":24,"text":"Vocational Technical School Year July 1, 2024 to June 30, 2025. The County funded this amount by appropriating $23,051,426.00 in the County\u2019s 2024 budget.  The Board of School Estimates approved an Appropriation of $17,907,652.00 for the Ocean County","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":26,"text":" The Board of School Estimates approved an Appropriation of $17,907,652.00 for the Ocean County College Year July 1, 2024 to June 30, 2025. The County funded this amount by appropriating $17,907,652.00 in the County\u2019s 2024 budget.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":27,"text":"The Board of School Estimates approved an Appropriation of $17,907,652.00 for the Ocean County College Year July 1, 2024 to June 30, 2025. The County funded this amount by appropriating $17,907,652.00 in the County\u2019s 2024 budget. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":28,"text":"College Year July 1, 2024 to June 30, 2025. The County funded this amount by appropriating $17,907,652.00 in the County\u2019s 2024 budget.  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":35,"text":"believed that the outcome, or exposure to the County, from such litigation is either unknown or potential losses, if any, would not be material to the financial statements.  Note 22. Subsequent Events","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":39,"text":" The County has evaluated subsequent events through June 25, 2025, the date the financial statements were available to be issued. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":43,"text":"On March 5, 2025, an Ordinance authorizing the Reconstruction and Resurfacing of Certain County Roads, all located in the County of Ocean, and appropriating $6,000,000.00 therefore and authorizing the issuance of $5,700,000 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":47,"text":"On March 5, 2025, an Ordinance authorizing the Design of Reconstruction and Resurfacing of Certain County Roads, all in the County of Ocean, and appropriating $7,000,000.00 therefor and authorizing the issuance of $6,650,000.00 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":131,"line":52,"text":"On March 5, 2025, an Ordinance authorizing Various Engineering, Road, and Bridge Improvements at various locations, all in the County of Ocean, and appropriating $6,000,000.00 therefor and authorizing the issuance of $5,700,000.00 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":9,"text":"On March 5, 2025, an Ordinance authorizing the Reconstruction and Widening of Cross Street, located in the Township of Lakewood, in the County of Ocean, appropriating $11,000,000.00 therefor and authorizing the issuance of $10,450,000.00 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":13,"text":" On March 5, 2025, an Ordinance appropriating the sum of $1,750,000.00 from the Capital Improvement Fund for Stafford Library, Phase II, including Construction and Purchase of Furniture, Fixtures and Other Apparatus, in the County of Ocean.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":14,"text":"On March 5, 2025, an Ordinance appropriating the sum of $1,750,000.00 from the Capital Improvement Fund for Stafford Library, Phase II, including Construction and Purchase of Furniture, Fixtures and Other Apparatus, in the County of Ocean. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":17,"text":" On April 2, 2025, an Ordinance appropriating the sum of $20,500,000.00 from the Capital Improvement Fund for the acquisition of properties located in the Township of Toms River, County of Ocean. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":20,"text":" On May 7, 2025, an Ordinance appropriating the sum of $5,500,000.00 from the Capital Improvement Fund for the Construction of Stormwater Management Facilities at Various Locations, all in the County of Ocean.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":24,"text":" On May 7, 2025, an Ordinance appropriating the sum of $2,000,000.00 from the Capital Improvement Fund for the Installation of New and Upgraded Traffic Control Devices at Various Locations, all in the County of Ocean.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":29,"text":"On May 7, 2025, an Ordinance authorizing the Rehabilitation and Repair of Various Bridges, in the County of Ocean, appropriating $2,000,000.00 therefor and authorizing the issuance of $1,900,000.00 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":33,"text":"On May 7, 2025, an Ordinance authorizing the Reconstruction and Resurfacing of Various County Roads all located in the Count of Ocean, and appropriating $11,941,115.00 therefor and authorizing the issuance of $11,941,115.00 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":36,"text":" On May 7, 2025, an Ordinance appropriating the sum of $1,000,000.00 from the Capital Improvement Fund for the Upgrading of the County Underground Storage Tanks to achieve compliance with State and Federal Underground Storage Tank Regulations including Planning, Upgrading, Removal, Replacement","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":42,"text":"On May 7, 2025, an Ordinance authorizing the Replacement of Dover Road Bridges (Structure Nos. 1512-002 and 1512-007), located in the Township of Lacey, in the County of Ocean, appropriating $3,000,000.00 therefor and authorizing the issuance $2,850,000.00 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":132,"line":47,"text":"On May 7, 2025 an Ordinance authorizing the Construction of the CR 539 Overpass, located in Plumsted Township, in the County of Ocean, and appropriating $12,000,000.00 therefor and authorizing the issuance of $11,000,000.00 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":133,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":133,"line":8,"text":" On May 7, 2025, an Ordinance appropriating the sum of $5,200,000.00 from the Capital Improvement Fund for the cost of the Expansion of Jackson Center, including furnishings, equipment, and other apparatus, Phase III, of the Ocean County Vocational Technical School, in the Township of Jackson,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":133,"line":15,"text":"Technology and Environmental Science Building for the Board of Education of the Ocean County Vocational Technical School, in the Township of Stafford, County of Ocean, and appropriating the aggregate amount of $25,250,000.00 therefore, and authorizing the issuance of $25,250,000.00 in Bonds and Bond Anticipation Notes of the County of Ocean to finance the same.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":133,"line":19,"text":" On May 7, 2025, an Ordinance appropriating the sum of $1,000,000.00 from the Capital Improvement Fund for General Improvements: Design, Permitting, Development and Construction of a Road Facility located on Chestnut Street in Toms River Township, in the County of Ocean.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":133,"line":24,"text":"On June 4, 2025 an Ordinance authorizing the Replacement of the Commonwealth Bridge, Structure No.1518-001, Located in the Township of Manchester, in the County of Ocean, and appropriating $3,250,000.00 therefor and authorizing the issuance of $1,695,619.00 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":133,"line":29,"text":"On June 4, 2025 an Ordinance authorizing the Reconstruction and Resurfacing of Various County Roads, all in the County of Ocean, and appropriating $1,544,849.89 therefor and authorizing the issuance of $1,544,849.89 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":133,"line":33,"text":"On June 4, 2025 an Ordinance authorizing Renewal and Replacement Facilities FY 2025 Project at Ocean County College, in the County of Ocean, and appropriating $3,215,745.00 therefor and authorizing the issuance of $3,215,745.00 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":133,"line":39,"text":"Board of Education of the Vocational Technical School, Located in the Township of Ocean, in the County of Ocean, and appropriating $8,200,000.00 therefor and authorizing the issuance of $8,200,000.00 in Bonds or Bond Anticipation Notes of the County of Ocean to finance the same. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":133,"line":42,"text":" On June 4, 2025, an Ordinance appropriating the sum of $2,100,000.00 from the Capital Improvement Fund for the Renovations to the Juvenile Detention Center Phase II, Including but not Limited to Roof Replacement and HVAC Equipment, Located in the Township of Toms River, in the County of Ocean.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":133,"line":46,"text":" On June 4, 2025, an Ordinance appropriating the sum of $3,000,000.00 from the Capital Improvement Fund for the Design and Permitting of Berkeley Island Bulkhead Repair and Living Shoreline Protection Phase I, Located in the Township of Berkeley, in the County of Ocean.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":133,"line":50,"text":" On June 4, 2025, an Ordinance appropriating the sum of $800,000.00 from the Capital Improvement Fund for Improvements to Atlantis Golf Course, Phase II and Forge Pond Master Plan, Located in the Townships of Little Egg Harbor and Brick, in the County of Ocean.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":134,"line":3,"text":" NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED DECEMBER 31, 2024 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":134,"line":8,"text":" On June 4, 2025, an Ordinance appropriating the sum of $3,800,000.00 from the Capital Improvement Fund for the Design and Construction of the Relocation of a Fuel Tank at the Ocean County Airport, Located in the Township of Berkeley, in the County of Ocean.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":134,"line":12,"text":" On June 4, 2025, an Ordinance appropriating the sum of $800,000.00 from the Capital Improvement Fund for the Design and Permitting of a Maintenance Hangar at the Ocean County Airport, in the Township of Berkeley, in the County of Ocean.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":134,"line":16,"text":" On June 4, 2025, an Ordinance appropriating the sum of $1,500,000.00 from the Capital Improvement Fund for Improvements and Upgrades at Various Health Department Facilities, all in the County of Ocean.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":137,"line":24,"text":"PRINCIPAL        INTEREST                     PRINCIPAL        INTEREST YEAR           AMOUNT            RATE           YEAR         AMOUNT            RATE  2026          $1,630,000         5.000%         2035        $1,975,000         5.000%","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":138,"line":8,"text":"participants. Such participants shall be responsible for maintaining records regarding the beneficial ownership interests in the Bonds on behalf of individual purchasers. Individual purchases may be made in the principal amount of $1,000 or more through book-entries on the books and records of DTC and its participants.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":138,"line":9,"text":"beneficial ownership interests in the Bonds on behalf of individual purchasers. Individual purchases may be made in the principal amount of $1,000 or more through book-entries on the books and records of DTC and its participants. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":138,"line":26,"text":"copies of the Ordinances and the Resolution; (b) such matters of law including, inter alia, the Act and the Internal Revenue Code of 1986, as amended (the \"Code\"); and (c) such other agreements, proceedings, certificates, records, approvals, resolutions and documents as to various matters with respect to the issuance of the Bonds as we have deemed necessary. We have further assumed and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":139,"line":8,"text":"is not treated as a preference item in calculating the alternative minimum tax imposed by the Code, however, interest on the Bonds is included in the \"adjusted financial statement income\" of certain corporations that are subject to the alternative minimum tax under Section 55 of the Code. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":139,"line":16,"text":"5.    The power and obligation of the County to pay the Bonds is unlimited, and the County shall be required to levy ad valorem taxes upon all taxable real property within the County for the payment of the principal of and interest on the Bonds without limitation as to rate or amount. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":139,"line":17,"text":"County shall be required to levy ad valorem taxes upon all taxable real property within the County for the payment of the principal of and interest on the Bonds without limitation as to rate or amount.  For purposes of this opinion, the enforceability (but not the validity) of the documents","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":139,"line":30,"text":"We express no opinion herein as to the adequacy or accuracy of any official statement, private placement memorandum or other offering material pertaining to the offering of the Bonds.  DILWORTH PAXSON LLP","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":140,"line":23,"text":" Year                     Principal Amount                 Interest Rate 2027                        $6,365,000                       5.000% 2028                         3,885,000                       5.000","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":140,"line":36,"text":"participants. Such participants shall be responsible for maintaining records regarding the beneficial ownership interests in the Bonds on behalf of individual purchasers. Individual purchases may be made in the principal amount of $1,000 or more thereof through book-entries on the books and records of DTC and its participants.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":141,"line":10,"text":"In connection with the issuance of the Bonds, the County has entered into an Escrow Deposit Agreement, dated the date hereof, (the \u201cEscrow Deposit Agreement\u201d), with TD Bank, National Association, Mount Laurel, New Jersey, an escrow agent (\u201cEscrow Agent\u201d), pursuant to which a portion of the proceeds of the Bonds will be invested in certain direct obligations of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":141,"line":15,"text":"principal of which and interest thereon, together with the uninvested cash, shall be used to make payments of the principal and interest on the Bonds as the same shall become due and payable on and prior to the various maturity and redemption dates set forth in the Escrow Deposit Agreement and to pay the principal or redemption price of the Bonds on such specified principal and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":141,"line":16,"text":"payments of the principal and interest on the Bonds as the same shall become due and payable on and prior to the various maturity and redemption dates set forth in the Escrow Deposit Agreement and to pay the principal or redemption price of the Bonds on such specified principal and redemption dates. Holman Frenia and Allison, P.C., certified public accountants, has, based on","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":141,"line":21,"text":"computation of the adequacy of the cash deposited to the separate accounts within the Escrow Fund (as defined in the Escrow Deposit Agreement) held under the Escrow Deposit Agreement to make the payments described in this paragraph and the yield of both the Bonds and the investments in the Escrow Fund purchased with proceeds of the Bonds. We have relied upon the verification","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":141,"line":22,"text":"Fund (as defined in the Escrow Deposit Agreement) held under the Escrow Deposit Agreement to make the payments described in this paragraph and the yield of both the Bonds and the investments in the Escrow Fund purchased with proceeds of the Bonds. We have relied upon the verification of the sufficiency of the amounts to be held by the Escrow Agent in concluding that the Bonds are","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":141,"line":23,"text":"make the payments described in this paragraph and the yield of both the Bonds and the investments in the Escrow Fund purchased with proceeds of the Bonds. We have relied upon the verification of the sufficiency of the amounts to be held by the Escrow Agent in concluding that the Bonds are not \u201carbitrage bonds\u201d within the meaning of Section 148 of the Internal Revenue Code of 1986, as","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":141,"line":25,"text":"of the sufficiency of the amounts to be held by the Escrow Agent in concluding that the Bonds are not \u201carbitrage bonds\u201d within the meaning of Section 148 of the Internal Revenue Code of 1986, as amended (the \u201cCode\u201d). ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":141,"line":31,"text":"copies of the Resolution and the Ordinance; (b) such matters of law, including, inter alia, the Act and the Code; and (c) such other agreements, proceedings, certificates, records, approvals, resolutions and documents as to various matters with respect to the issuance of the Bonds as we have deemed necessary. We have further assumed and relied upon the genuineness, accuracy and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":142,"line":14,"text":"interest on the Bonds is not treated as a preference item in calculating the alternative minimum tax imposed by the Code, however, interest on the Bonds is included in the \"adjusted financial statement income\" of certain corporations that are subject to the alternative minimum tax under Section 55 of the Code.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":142,"line":23,"text":"5.    The power and obligation of the County to pay the Bonds is unlimited, and the County shall be required to levy ad valorem taxes upon all taxable real property within the County for the payment of the principal of and interest on the Bonds without limitation as to rate or amount. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":142,"line":24,"text":"County shall be required to levy ad valorem taxes upon all taxable real property within the County for the payment of the principal of and interest on the Bonds without limitation as to rate or amount.  For purposes of this opinion, the enforceability (but not the validity) of the documents","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":142,"line":37,"text":"We express no opinion herein as to the adequacy or accuracy of any official statement, private placement memorandum or other offering material pertaining to the offering of the Bonds.  DILWORTH PAXSON LLP","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":143,"line":23,"text":" Year                     Principal Amount                 Interest Rate 2026                         $300,000                         5.000% 2027                          300,000                         5.000","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":143,"line":40,"text":"participants. Such participants shall be responsible for maintaining records regarding the beneficial ownership interests in the Bonds on behalf of individual purchasers. Individual purchases may be made in the principal amount of $1,000 or more thereof through book-entries on the books and records of DTC and its participants.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":143,"line":41,"text":"beneficial ownership interests in the Bonds on behalf of individual purchasers. Individual purchases may be made in the principal amount of $1,000 or more thereof through book-entries on the books and records of DTC and its participants. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":144,"line":17,"text":"copies of the Resolution and the Ordinance; (b) such matters of law, including, inter alia, the Act, the County College Bond Act and the Internal Revenue Code of 1986, as amended (the \"Code\"); and (c) such other agreements, proceedings, certificates, records, approvals, resolutions and documents as to various matters with respect to the issuance of the Bonds as we have deemed","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":144,"line":18,"text":"the County College Bond Act and the Internal Revenue Code of 1986, as amended (the \"Code\"); and (c) such other agreements, proceedings, certificates, records, approvals, resolutions and documents as to various matters with respect to the issuance of the Bonds as we have deemed necessary. We have further assumed and relied upon the genuineness, accuracy and completeness","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":144,"line":44,"text":"minimum tax imposed by the Code, however, interest on the Bonds is included in the \"adjusted financial statement income\" of certain corporations that are subject to the alternative minimum tax under Section 55 of the Code. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":145,"line":12,"text":"5.    The power and obligation of the County to pay the Bonds is unlimited, and the County shall be required to levy ad valorem taxes upon all taxable real property within the County for the payment of the principal of and interest on the Bonds without limitation as to rate or amount. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":145,"line":13,"text":"County shall be required to levy ad valorem taxes upon all taxable real property within the County for the payment of the principal of and interest on the Bonds without limitation as to rate or amount.  For purposes of this opinion, the enforceability (but not the validity) of the documents","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":145,"line":26,"text":"We express no opinion herein as to the adequacy or accuracy of any official statement, private placement memorandum or other offering material pertaining to the offering of the Bonds.  DILWORTH PAXSON LLP","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":146,"line":25,"text":"PRINCIPAL        INTEREST                      PRINCIPAL        INTEREST YEAR           AMOUNT            RATE            YEAR         AMOUNT            RATE  2026          $1,210,000         5.000%         2035         $1,465,000         5.000%","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":147,"line":9,"text":"participants. Such participants shall be responsible for maintaining records regarding the beneficial ownership interests in the Bonds on behalf of individual purchasers. Individual purchases may be made in the principal amount of $1,000 or more through book-entries on the books and records of DTC and its participants.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":147,"line":10,"text":"beneficial ownership interests in the Bonds on behalf of individual purchasers. Individual purchases may be made in the principal amount of $1,000 or more through book-entries on the books and records of DTC and its participants. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":147,"line":28,"text":"copies of the Ordinances and the Resolution; (b) such matters of law including, inter alia, the Act, Title 18A, and the Internal Revenue Code of 1986, as amended (the \"Code\"); and (c) such other agreements, proceedings, certificates, records, approvals, resolutions and documents as to various matters with respect to the issuance of the Bonds as we have deemed necessary. We have further","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":147,"line":29,"text":"Title 18A, and the Internal Revenue Code of 1986, as amended (the \"Code\"); and (c) such other agreements, proceedings, certificates, records, approvals, resolutions and documents as to various matters with respect to the issuance of the Bonds as we have deemed necessary. We have further assumed and relied upon the genuineness, accuracy and completeness of all of the documents and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":148,"line":10,"text":"minimum tax imposed by the Code, however, interest on the Bonds is included in the \"adjusted financial statement income\" of certain corporations that are subject to the alternative minimum tax under Section 55 of the Code. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":148,"line":18,"text":"5.    The power and obligation of the County to pay the Bonds is unlimited, and the County shall be required to levy ad valorem taxes upon all taxable real property within the County for the payment of the principal of and interest on the Bonds without limitation as to rate or amount. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":148,"line":19,"text":"County shall be required to levy ad valorem taxes upon all taxable real property within the County for the payment of the principal of and interest on the Bonds without limitation as to rate or amount.  For purposes of this opinion, the enforceability (but not the validity) of the documents","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":148,"line":32,"text":"We express no opinion herein as to the adequacy or accuracy of any official statement, private placement memorandum or other offering material pertaining to the offering of the Bonds.  DILWORTH PAXSON LLP","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":151,"line":14,"text":"Section 1.        Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the Issuer for the benefit of the Bondholders and Beneficial Owners of the Bonds and in order to assist the Participating Underwriter in complying with the provisions of Rule 15c2-12(b)(5) promulgated by the Securities and Exchange Commission (\"SEC\") under the Securities Exchange Act of 1934, as the same may be amended from","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":151,"line":46,"text":" \"Financial Obligation\" means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":151,"line":47,"text":"\"Financial Obligation\" means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":151,"line":48,"text":"or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":152,"line":27,"text":"submitted as a single document or as separate documents comprising a package, and may cross-reference other information as provided in Section 4 of this Disclosure Certificate; provided that the audited financial statements of the Issuer may be submitted separately from the balance of the Annual Report and later than the date required above for the filing of the Annual Report if they are not available by that date. If the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":152,"line":43,"text":"(c)     The Dissemination Agent shall file a report with the Issuer certifying that the Annual Report has been provided to the MSRB pursuant to this Disclosure Agreement, stating the date it was provided. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":152,"line":49,"text":" 1.       The audited financial statements of the Issuer for the prior fiscal year, prepared in accordance with generally accepted accounting standards (GAAS) as from time to time in effect, and as prescribed by the Division of Local Government Services in the Department of Community","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":152,"line":53,"text":"Affairs of the State pursuant to Chapter 5 of Title 40A of the New Jersey Statutes. If the Issuer's audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be filed in the same manner as the Annual Report when they","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":152,"line":54,"text":"audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be filed in the same manner as the Annual Report when they become available.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":152,"line":55,"text":"pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be filed in the same manner as the Annual Report when they become available. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":1,"text":"2.       The financial information and operating data set forth in the Official Statement (including Appendix A thereto) dated October 16, 2025 prepared in connection with the sale of the Bonds, under the captions: \u201cSchedule of Bond and Note Maturities\u201d, \u201cTax Information\u201d, \u201cOcean County","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":4,"text":"under the captions: \u201cSchedule of Bond and Note Maturities\u201d, \u201cTax Information\u201d, \u201cOcean County Leading Tax Ratables - 2025\u201d, \u201cStatement of Statutory Debt Condition as of June 4, 2025\", \u201cList of Authorized Debt as of June 4, 2025\" and \u201cDebt Ratios\u201d. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":5,"text":"Leading Tax Ratables - 2025\u201d, \u201cStatement of Statutory Debt Condition as of June 4, 2025\", \u201cList of Authorized Debt as of June 4, 2025\" and \u201cDebt Ratios\u201d.  Section 5.        Reporting of Significant Events.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":12,"text":" 1.       principal and interest payment delinquencies;  2.       non-payment related defaults, if material;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":14,"text":" 2.       non-payment related defaults, if material;  3.       unscheduled draws on debt service reserves reflecting financial difficulties;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":16,"text":" 3.       unscheduled draws on debt service reserves reflecting financial difficulties;  4.       unscheduled draws on credit enhancements reflecting financial difficulties;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":18,"text":" 4.       unscheduled draws on credit enhancements reflecting financial difficulties;  5.       substitution of credit or liquidity providers, or their failure to perform;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":22,"text":" 6.       adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability. Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the security, or other","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":32,"text":" 10.       release, substitution, or sale of property securing repayment of the Bonds, if material;  11.      rating changes.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":49,"text":"of all or substantially all of the assets of the Issuer, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":50,"text":"business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":56,"text":" 15.      incurrence of a Financial Obligation of the Issuer, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the Issuer, any of which affect Bondholders, if material; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":153,"line":57,"text":"15.      incurrence of a Financial Obligation of the Issuer, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the Issuer, any of which affect Bondholders, if material; and ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":154,"line":2,"text":"16.       default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a Financial Obligation of the Issuer, any of which reflect financial difficulties. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":154,"line":15,"text":"Section 6.         Termination of Reporting Obligation. The Issuer's obligations under this Disclosure Certificate shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the Issuer shall give notice of such termination in the same manner as for a Listed Event under Section 5(c).","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":154,"line":45,"text":"the amendment or waiver and its impact on the type (or in the case of a change of accounting principles, on the presentation) of financial information or operating data being presented by the Issuer. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the same manner as for a Listed Event under Section 5(c), and (ii) the Annual Report for the year in which","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":154,"line":46,"text":"presentation) of financial information or operating data being presented by the Issuer. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the same manner as for a Listed Event under Section 5(c), and (ii) the Annual Report for the year in which the change is made should present a comparison (in narrative form and also, if feasible, in quantitative form) between","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":154,"line":49,"text":"the change is made should present a comparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":155,"line":3,"text":"Disclosure Certificate any Bondholder or Beneficial Owner of the Bonds may take such actions as may be necessary and appropriate, including seeking mandamus or specific performance by court order, to cause the Issuer to comply with its obligations under this Disclosure Certificate. A default under this Disclosure Certificate shall not be deemed an Event of Default on the Bonds, and the sole remedy under this Disclosure Certificate in the event of any failure of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":155,"line":14,"text":"excluding liabilities due to the Dissemination Agent's gross negligence or willful misconduct. The obligations of the Issuer under this Section 11 shall survive resignation or removal of the Dissemination Agent and payment of the Bonds. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":155,"line":17,"text":" Section 12.       Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the Issuer, the Dissemination Agent, the Participating Underwriters and the Bondholders and Beneficial Owners from time to time of the Bonds, and shall create no rights in any other person or entity.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":155,"line":28,"text":"Julie N. Tarrant, County Comptroller and Chief Financial Officer  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":157,"line":14,"text":"Section 1.        Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the Issuer for the benefit of the Bondholders and Beneficial Owners of the Bonds and in order to assist the Participating Underwriter in complying with the provisions of Rule 15c2-12(b)(5) promulgated by the Securities and Exchange Commission (\"SEC\") under the Securities Exchange Act of 1934, as the same may be amended from","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":157,"line":46,"text":" \"Financial Obligation\" means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":157,"line":47,"text":"\"Financial Obligation\" means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":157,"line":48,"text":"or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":158,"line":27,"text":"submitted as a single document or as separate documents comprising a package, and may cross-reference other information as provided in Section 4 of this Disclosure Certificate; provided that the audited financial statements of the Issuer may be submitted separately from the balance of the Annual Report and later than the date required above for the filing of the Annual Report if they are not available by that date. If the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":158,"line":43,"text":"(c)     The Dissemination Agent shall file a report with the Issuer certifying that the Annual Report has been provided to the MSRB pursuant to this Disclosure Agreement, stating the date it was provided. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":158,"line":49,"text":" 1.       The audited financial statements of the Issuer for the prior fiscal year, prepared in accordance with generally accepted accounting standards (GAAS) as from time to time in effect, and as prescribed by the Division of Local Government Services in the Department of Community","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":158,"line":53,"text":"Affairs of the State pursuant to Chapter 5 of Title 40A of the New Jersey Statutes. If the Issuer's audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be filed in the same manner as the Annual Report when they","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":158,"line":54,"text":"audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be filed in the same manner as the Annual Report when they become available.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":158,"line":55,"text":"pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be filed in the same manner as the Annual Report when they become available. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":1,"text":"2.       The financial information and operating data set forth in the Official Statement (including Appendix A thereto) dated October 16, 2025 prepared in connection with the sale of the Bonds, under the captions: \u201cSchedule of Bond and Note Maturities\u201d, \u201cTax Information\u201d, \u201cOcean County","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":4,"text":"under the captions: \u201cSchedule of Bond and Note Maturities\u201d, \u201cTax Information\u201d, \u201cOcean County Leading Tax Ratables - 2025\u201d, \u201cStatement of Statutory Debt Condition as of June 4, 2025\", \u201cList of Authorized Debt as of June 4, 2025\" and \u201cDebt Ratios\u201d. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":5,"text":"Leading Tax Ratables - 2025\u201d, \u201cStatement of Statutory Debt Condition as of June 4, 2025\", \u201cList of Authorized Debt as of June 4, 2025\" and \u201cDebt Ratios\u201d.  Section 5.        Reporting of Significant Events.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":12,"text":" 1.       principal and interest payment delinquencies;  2.       non-payment related defaults, if material;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":14,"text":" 2.       non-payment related defaults, if material;  3.       unscheduled draws on debt service reserves reflecting financial difficulties;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":16,"text":" 3.       unscheduled draws on debt service reserves reflecting financial difficulties;  4.       unscheduled draws on credit enhancements reflecting financial difficulties;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":18,"text":" 4.       unscheduled draws on credit enhancements reflecting financial difficulties;  5.       substitution of credit or liquidity providers, or their failure to perform;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":22,"text":" 6.       adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability. Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the security, or other","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":33,"text":" 10.       release, substitution, or sale of property securing repayment of the Bonds, if material;  11.      rating changes.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":50,"text":"of all or substantially all of the assets of the Issuer, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":51,"text":"business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":57,"text":" 15.      incurrence of a Financial Obligation of the Issuer, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the Issuer, any of which affect Bondholders, if material; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":159,"line":58,"text":"15.      incurrence of a Financial Obligation of the Issuer, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the Issuer, any of which affect Bondholders, if material; and D-9","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":160,"line":2,"text":"16.       default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a Financial Obligation of the Issuer, any of which reflect financial difficulties. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":160,"line":15,"text":"Section 6.         Termination of Reporting Obligation. The Issuer's obligations under this Disclosure Certificate shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the Issuer shall give notice of such termination in the same manner as for a Listed Event under Section 5(c).","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":160,"line":45,"text":"the amendment or waiver and its impact on the type (or in the case of a change of accounting principles, on the presentation) of financial information or operating data being presented by the Issuer. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the same manner as for a Listed Event under Section 5(c), and (ii) the Annual Report for the year in which","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":160,"line":46,"text":"presentation) of financial information or operating data being presented by the Issuer. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the same manner as for a Listed Event under Section 5(c), and (ii) the Annual Report for the year in which the change is made should present a comparison (in narrative form and also, if feasible, in quantitative form) between","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":160,"line":49,"text":"the change is made should present a comparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":161,"line":3,"text":"Disclosure Certificate any Bondholder or Beneficial Owner of the Bonds may take such actions as may be necessary and appropriate, including seeking mandamus or specific performance by court order, to cause the Issuer to comply with its obligations under this Disclosure Certificate. A default under this Disclosure Certificate shall not be deemed an Event of Default on the Bonds, and the sole remedy under this Disclosure Certificate in the event of any failure of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":161,"line":14,"text":"excluding liabilities due to the Dissemination Agent's gross negligence or willful misconduct. The obligations of the Issuer under this Section 11 shall survive resignation or removal of the Dissemination Agent and payment of the Bonds. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":161,"line":17,"text":" Section 12.       Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the Issuer, the Dissemination Agent, the Participating Underwriters and the Bondholders and Beneficial Owners from time to time of the Bonds, and shall create no rights in any other person or entity.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":161,"line":28,"text":"Julie N. Tarrant, County Comptroller and Chief Financial Officer  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":163,"line":14,"text":"Section 1.        Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the Issuer for the benefit of the Bondholders and Beneficial Owners of the Bonds and in order to assist the Participating Underwriter in complying with the provisions of Rule 15c2-12(b)(5) promulgated by the Securities and Exchange Commission (\"SEC\") under the Securities Exchange Act of 1934, as the same may be amended from","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":163,"line":46,"text":" \"Financial Obligation\" means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":163,"line":47,"text":"\"Financial Obligation\" means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":163,"line":48,"text":"or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":164,"line":26,"text":"submitted as a single document or as separate documents comprising a package, and may cross-reference other information as provided in Section 4 of this Disclosure Certificate; provided that the audited financial statements of the Issuer may be submitted separately from the balance of the Annual Report and later than the date required above for the filing of the Annual Report if they are not available by that date. If the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":164,"line":42,"text":"(c)     The Dissemination Agent shall file a report with the Issuer certifying that the Annual Report has been provided to the MSRB pursuant to this Disclosure Agreement, stating the date it was provided. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":164,"line":48,"text":" 1.      The audited financial statements of the Issuer for the prior fiscal year, prepared in accordance with generally accepted accounting standards (GAAS) as from time to time in effect, and as prescribed by the Division of Local Government Services in the Department of Community Affairs of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":164,"line":51,"text":"prescribed by the Division of Local Government Services in the Department of Community Affairs of the State pursuant to Chapter 5 of Title 40A of the New Jersey Statutes. If the Issuer's audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":164,"line":53,"text":"statements are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be filed in the same manner as the Annual Report when they become available. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":164,"line":56,"text":" 2.      The financial information and operating data set forth in the Official Statement (including Appendix A thereto) dated October 16, 2025 prepared in connection with the sale of the Bonds, under the captions: \u201cSchedule of Bond and Note Maturities\u201d, \u201cTax Information\u201d, \u201cOcean County Leading Tax Ratables","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":1,"text":"- 2025\u201d, \u201cStatement of Statutory Debt Condition as of June 24, 2025\", \u201cList of Authorized Debt as of June 4, 2025\" and \u201cDebt Ratios\u201d. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":2,"text":"- 2025\u201d, \u201cStatement of Statutory Debt Condition as of June 24, 2025\", \u201cList of Authorized Debt as of June 4, 2025\" and \u201cDebt Ratios\u201d.  Section 5.        Reporting of Significant Events.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":8,"text":"notice of the occurrence of any of the following events with respect to the Bonds: 1.       principal and interest payment delinquencies;  2.       non-payment related defaults, if material;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":10,"text":" 2.       non-payment related defaults, if material;  3.       unscheduled draws on debt service reserves reflecting financial difficulties;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":12,"text":" 3.       unscheduled draws on debt service reserves reflecting financial difficulties;  4.       unscheduled draws on credit enhancements reflecting financial difficulties;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":14,"text":" 4.       unscheduled draws on credit enhancements reflecting financial difficulties;  5.       substitution of credit or liquidity providers, or their failure to perform;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":18,"text":" 6.       adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability. Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the security, or others","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":29,"text":" 10.       release, substitution, or sale of property securing repayment of the Bonds, if material;  11.      rating changes.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":46,"text":"of all or substantially all of the assets of the Issuer, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":47,"text":"business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":53,"text":" 15.      incurrence of a Financial Obligation of the Issuer, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the Issuer, any of which affect Bondholders, if material; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":54,"text":"15.      incurrence of a Financial Obligation of the Issuer, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the Issuer, any of which affect Bondholders, if material; and ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":165,"line":58,"text":"16.      default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a Financial Obligation of the Issuer, any of which reflect financial difficulties. D-15","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":166,"line":11,"text":"Section 6.         Termination of Reporting Obligation. The Issuer's obligations under this Disclosure Certificate shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the Issuer shall give notice of such termination in the same manner as for a Listed Event under Section 5(c).","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":166,"line":41,"text":"the amendment or waiver and its impact on the type (or in the case of a change of accounting principles, on the presentation) of financial information or operating data being presented by the Issuer. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the same manner as for a Listed Event under Section 5(c), and (ii) the Annual Report for the year in which","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":166,"line":42,"text":"presentation) of financial information or operating data being presented by the Issuer. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the same manner as for a Listed Event under Section 5(c), and (ii) the Annual Report for the year in which the change is made should present a comparison (in narrative form and also, if feasible, in quantitative form) between","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":166,"line":45,"text":"the change is made should present a comparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":167,"line":3,"text":"Disclosure Certificate any Bondholder or Beneficial Owner of the Bonds may take such actions as may be necessary and appropriate, including seeking mandamus or specific performance by court order, to cause the Issuer to comply with its obligations under this Disclosure Certificate. A default under this Disclosure Certificate shall not be deemed an Event of Default on the Bonds, and the sole remedy under this Disclosure Certificate in the event of any failure of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":167,"line":14,"text":"excluding liabilities due to the Dissemination Agent's gross negligence or willful misconduct. The obligations of the Issuer under this Section 11 shall survive resignation or removal of the Dissemination Agent and payment of the Bonds. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":167,"line":17,"text":" Section 12.          Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the Issuer, the Dissemination Agent, the Participating Underwriters and the Bondholders and Beneficial Owners from time to time of the Bonds, and shall create no rights in any other person or entity.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":167,"line":30,"text":"Julie N. Tarrant, County Comptroller and Chief Financial Officer  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":169,"line":14,"text":"Section 1.        Purpose of the Disclosure Certificate. This Disclosure Certificate is being executed and delivered by the Issuer for the benefit of the Bondholders and Beneficial Owners of the Bonds and in order to assist the Participating Underwriter in complying with the provisions of Rule 15c2-12(b)(5) promulgated by the Securities and Exchange Commission (\"SEC\") under the Securities Exchange Act of 1934, as the same may be amended from","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":169,"line":46,"text":" \"Financial Obligation\" means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":169,"line":47,"text":"\"Financial Obligation\" means a (i) debt obligation; (ii) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":169,"line":48,"text":"or pledged as security or a source of payment for, an existing or planned debt obligation; or (iii) guarantee of (i) or (ii). The term \"Financial Obligation\" shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":170,"line":27,"text":"submitted as a single document or as separate documents comprising a package, and may cross-reference other information as provided in Section 4 of this Disclosure Certificate; provided that the audited financial statements of the Issuer may be submitted separately from the balance of the Annual Report and later than the date required above for the filing of the Annual Report if they are not available by that date. If the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":170,"line":43,"text":"(c)     The Dissemination Agent shall file a report with the Issuer certifying that the Annual Report has been provided to the MSRB pursuant to this Disclosure Agreement, stating the date it was provided. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":170,"line":49,"text":" 1.       The audited financial statements of the Issuer for the prior fiscal year, prepared in accordance with generally accepted accounting standards (GAAS) as from time to time in effect, and as prescribed by the Division of Local Government Services in the Department of Community","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":170,"line":53,"text":"Affairs of the State pursuant to Chapter 5 of Title 40A of the New Jersey Statutes. If the Issuer's audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be filed in the same manner as the Annual Report when they","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":170,"line":54,"text":"audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be filed in the same manner as the Annual Report when they become available.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":170,"line":55,"text":"pursuant to Section 3(a), the Annual Report shall contain unaudited financial statements and the audited financial statements shall be filed in the same manner as the Annual Report when they become available. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":1,"text":"2.       The financial information and operating data set forth in the Official Statement (including Appendix A thereto) dated October 16, 2025 prepared in connection with the sale of the Bonds, under the captions: \u201cSchedule of Bond and Note Maturities\u201d, \u201cTax Information\u201d, \u201cOcean County","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":4,"text":"under the captions: \u201cSchedule of Bond and Note Maturities\u201d, \u201cTax Information\u201d, \u201cOcean County Leading Tax Ratables - 2025\u201d, \u201cStatement of Statutory Debt Condition as of June 4, 2025\", \u201cList of Authorized Debt as of June 4, 2025\" and \u201cDebt Ratios\u201d. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":5,"text":"Leading Tax Ratables - 2025\u201d, \u201cStatement of Statutory Debt Condition as of June 4, 2025\", \u201cList of Authorized Debt as of June 4, 2025\" and \u201cDebt Ratios\u201d.  Section 5.        Reporting of Significant Events.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":12,"text":" 1.       principal and interest payment delinquencies;  2.       non-payment related defaults, if material;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":14,"text":" 2.       non-payment related defaults, if material;  3.       unscheduled draws on debt service reserves reflecting financial difficulties;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":16,"text":" 3.       unscheduled draws on debt service reserves reflecting financial difficulties;  4.       unscheduled draws on credit enhancements reflecting financial difficulties;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":18,"text":" 4.       unscheduled draws on credit enhancements reflecting financial difficulties;  5.       substitution of credit or liquidity providers, or their failure to perform;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":22,"text":" 6.       adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability. Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status of the security, or other","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":32,"text":" 10.       release, substitution, or sale of property securing repayment of the Bonds, if material;  11.      rating changes.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":49,"text":"of all or substantially all of the assets of the Issuer, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material;","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":50,"text":"business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":56,"text":" 15.      incurrence of a Financial Obligation of the Issuer, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the Issuer, any of which affect Bondholders, if material; and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":171,"line":57,"text":"15.      incurrence of a Financial Obligation of the Issuer, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the Issuer, any of which affect Bondholders, if material; and ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":172,"line":2,"text":"16.       default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a Financial Obligation of the Issuer, any of which reflect financial difficulties. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":172,"line":15,"text":"Section 6.         Termination of Reporting Obligation. The Issuer's obligations under this Disclosure Certificate shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the Issuer shall give notice of such termination in the same manner as for a Listed Event under Section 5(c).","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":172,"line":45,"text":"the amendment or waiver and its impact on the type (or in the case of a change of accounting principles, on the presentation) of financial information or operating data being presented by the Issuer. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the same manner as for a Listed Event under Section 5(c), and (ii) the Annual Report for the year in which","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":172,"line":46,"text":"presentation) of financial information or operating data being presented by the Issuer. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the same manner as for a Listed Event under Section 5(c), and (ii) the Annual Report for the year in which the change is made should present a comparison (in narrative form and also, if feasible, in quantitative form) between","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":172,"line":49,"text":"the change is made should present a comparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":173,"line":3,"text":"Disclosure Certificate any Bondholder or Beneficial Owner of the Bonds may take such actions as may be necessary and appropriate, including seeking mandamus or specific performance by court order, to cause the Issuer to comply with its obligations under this Disclosure Certificate. A default under this Disclosure Certificate shall not be deemed an Event of Default on the Bonds, and the sole remedy under this Disclosure Certificate in the event of any failure of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":173,"line":14,"text":"excluding liabilities due to the Dissemination Agent's gross negligence or willful misconduct. The obligations of the Issuer under this Section 11 shall survive resignation or removal of the Dissemination Agent and payment of the Bonds. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":173,"line":17,"text":" Section 12.       Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the Issuer, the Dissemination Agent, the Participating Underwriters and the Bondholders and Beneficial Owners from time to time of the Bonds, and shall create no rights in any other person or entity.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//3e33c96b-7e08-4d51-a713-a897cb5f6c15.pdf","source_label":"county-budgets-2025-ocean-county-os.pdf","page":173,"line":28,"text":"Julie N. Tarrant, County Comptroller and Chief Financial Officer  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":3,"text":" In the opinion of Bond Counsel, assuming continuing compliance with the provisions of the Internal Revenue Code of 1986, as amended (the \u201cCode\u201d) applicable to the Bonds and subject to certain provisions of the Code which are described herein, under laws, regulations, rulings and judicial decisions existing on the date of the original delivery of the Bonds, interest on the Bonds is","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":8,"text":"opinion of Bond Counsel, interest on the bonds is not treated as a preference item in calculating the alternative minimum tax imposed by the Code, however, interest on the Bonds is included in the \u201cadjusted financial statement income\u201d of certain corporations that are subject to the alternative minimum tax under Section 55 of the Code. Under the laws of the State of New Jersey, as enacted and construed on the date of the original delivery of the Bonds, interest on the Bonds and gain from the sale thereof are not included in","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":28,"text":"recording the interest of its participants or the transfers of the interest among its participants. The participants will be responsible for maintaining records regarding the beneficial ownership interest in the Bonds on behalf of the individual purchasers. Individual purchases may be made in the principal amount of $1,000 or more through book entries made on the books and records of DTC and its participants. Individual purchasers of the Bonds will not receive certificates representing their beneficial ownership interest in","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":29,"text":"for maintaining records regarding the beneficial ownership interest in the Bonds on behalf of the individual purchasers. Individual purchases may be made in the principal amount of $1,000 or more through book entries made on the books and records of DTC and its participants. Individual purchasers of the Bonds will not receive certificates representing their beneficial ownership interest in the Bonds, but each book-entry Bond owner will receive a credit balance on the books of its nominee, and this credit balance will be","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":30,"text":"purchases may be made in the principal amount of $1,000 or more through book entries made on the books and records of DTC and its participants. Individual purchasers of the Bonds will not receive certificates representing their beneficial ownership interest in the Bonds, but each book-entry Bond owner will receive a credit balance on the books of its nominee, and this credit balance will be confirmed by an initial transaction statement stating the details of the Bonds purchased (See \u201cBOOK-ENTRY-ONLY TRANSFER","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":32,"text":"the Bonds, but each book-entry Bond owner will receive a credit balance on the books of its nominee, and this credit balance will be confirmed by an initial transaction statement stating the details of the Bonds purchased (See \u201cBOOK-ENTRY-ONLY TRANSFER SYSTEM FOR THE BONDS\u201d herein). The General Improvement Bonds maturing on or after November 1, 2035 are subject to redemption prior to maturity as more","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":41,"text":"credited to the participants of DTC as listed on the records of DTC as of each preceding April 15 and October 15 (the \u201cRecord Dates\u201d for the payment of interest on the Bonds). The Bonds are general obligations of the County. The County is authorized and required by law to levy ad valorem taxes upon all taxable real property within the County for the payment of the Bonds and the interest thereon without limitation as to","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":42,"text":"for the payment of interest on the Bonds). The Bonds are general obligations of the County. The County is authorized and required by law to levy ad valorem taxes upon all taxable real property within the County for the payment of the Bonds and the interest thereon without limitation as to rate or amount.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":43,"text":"The Bonds are general obligations of the County. The County is authorized and required by law to levy ad valorem taxes upon all taxable real property within the County for the payment of the Bonds and the interest thereon without limitation as to rate or amount. The Chapter 12 Bonds are further entitled to the benefits of the County College Bond Act, Chapter 12 of the Laws of New Jersey","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":44,"text":"all taxable real property within the County for the payment of the Bonds and the interest thereon without limitation as to rate or amount. The Chapter 12 Bonds are further entitled to the benefits of the County College Bond Act, Chapter 12 of the Laws of New Jersey of 1971, as amended and supplemented (the \u201cCounty College Bond Act\u201d), which provides that the principal of and interest on the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":45,"text":"rate or amount. The Chapter 12 Bonds are further entitled to the benefits of the County College Bond Act, Chapter 12 of the Laws of New Jersey of 1971, as amended and supplemented (the \u201cCounty College Bond Act\u201d), which provides that the principal of and interest on the Chapter 12 Bonds will, subject to appropriation, be paid by the State of New Jersey. However, bonds issued under the County","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":1,"line":47,"text":"of 1971, as amended and supplemented (the \u201cCounty College Bond Act\u201d), which provides that the principal of and interest on the Chapter 12 Bonds will, subject to appropriation, be paid by the State of New Jersey. However, bonds issued under the County College Bond Act shall not be deemed obligations of the State of New Jersey (See \u201cSECURITY FOR THE BONDS\u201d herein). ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":2,"line":3,"text":"Maturity                      Principal November 1                      Amount                     Interest Rate              Yield               CUSIP* 2025                       $1,690,000                      5.000%                 2.780%             674736ML4 2026                        1,690,000                      5.000%                 2.560%             674736MM2","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":2,"line":29,"text":"Maturity                        Principal November 1                       Amount                      Interest Rate              Yield               CUSIP* 2025                          $425,000                       4.000%                 2.760%             674736NG4 2026                           425,000                       4.000%                 2.580%             674736NH2","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":3,"line":28,"text":"Julie N. Tarrant Comptroller & Chief Financial Officer  Tristin J. Collins","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":3,"line":32,"text":"Assistant Administrator Management & Budget Director  Anthony M. Agliata","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":3,"line":50,"text":" PFM Financial Advisors LLC Financial Advisor","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":3,"line":51,"text":"PFM Financial Advisors LLC Financial Advisor","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":2,"text":"TABLE OF CONTENTS INTRODUCTION............................................................... 1              COUNTY BUDGET AND SUMMARY OF DESCRIPTION OF BONDS.............................................. 1                        REVENUES AND APPROPRIATIONS ...................... 27 Optional Redemption Provision....................................... 1                    Local Budget Law (N.J.S.A. 40A:4-1 et seq.)................ 27","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":3,"text":"INTRODUCTION............................................................... 1              COUNTY BUDGET AND SUMMARY OF DESCRIPTION OF BONDS.............................................. 1                        REVENUES AND APPROPRIATIONS ...................... 27 Optional Redemption Provision....................................... 1                    Local Budget Law (N.J.S.A. 40A:4-1 et seq.)................ 27 Notice of Redemption ...................................................... 2             County Budget \u201cCAPs\" (N.J.S.A. 40A:4-45.1 et","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":4,"text":"DESCRIPTION OF BONDS.............................................. 1                        REVENUES AND APPROPRIATIONS ...................... 27 Optional Redemption Provision....................................... 1                    Local Budget Law (N.J.S.A. 40A:4-1 et seq.)................ 27 Notice of Redemption ...................................................... 2             County Budget \u201cCAPs\" (N.J.S.A. 40A:4-45.1 et PURPOSE OF THE BONDS ............................................. 2                            seq.) .......................................................................... 28","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":5,"text":"Optional Redemption Provision....................................... 1                    Local Budget Law (N.J.S.A. 40A:4-1 et seq.)................ 27 Notice of Redemption ...................................................... 2             County Budget \u201cCAPs\" (N.J.S.A. 40A:4-45.1 et PURPOSE OF THE BONDS ............................................. 2                            seq.) .......................................................................... 28 SECURITY FOR THE BONDS ........................................ 2                            Miscellaneous Revenues ................................................ 28","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":7,"text":"PURPOSE OF THE BONDS ............................................. 2                            seq.) .......................................................................... 28 SECURITY FOR THE BONDS ........................................ 2                            Miscellaneous Revenues ................................................ 28 POTENTIAL IMPACTS RESULTING FROM                                                             Deferral of Current Expenses ......................................... 28 EPIDEMICS OR PANDEMICS ..................................... 3                           MUNICIPAL BANKRUPTCY ........................................ 28","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":30,"text":"Tax Information ............................................................. 18        APPENDIX A Profile in Brief ............................................................... 20       Assessed Valuation and Tax Rate ................................ A-1 PROVISIONS FOR THE PROTECTION OF                                                             Tax Collection Record ................................................. A-1 GENERAL OBLIGATION DEBT ............................... 24                                 Added Tax Levies ........................................................ A-1","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":32,"text":"PROVISIONS FOR THE PROTECTION OF                                                             Tax Collection Record ................................................. A-1 GENERAL OBLIGATION DEBT ............................... 24                                 Added Tax Levies ........................................................ A-1 Local Bond Law (N.J.S.A. 40A:2-1 et seq.) .................. 24                           Percentage of Assessed Valuation of Real Debt Limits .................................................................... 24          Property By Category ............................................. A-1","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":34,"text":"Local Bond Law (N.J.S.A. 40A:2-1 et seq.) .................. 24                           Percentage of Assessed Valuation of Real Debt Limits .................................................................... 24          Property By Category ............................................. A-1 Exceptions to Debt Limits - Extensions of Credit.......... 24                             Labor Force, Employment and Unemployment Short-term Financing ..................................................... 24                Data ........................................................................ A-1","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":35,"text":"Debt Limits .................................................................... 24          Property By Category ............................................. A-1 Exceptions to Debt Limits - Extensions of Credit.......... 24                             Labor Force, Employment and Unemployment Short-term Financing ..................................................... 24                Data ........................................................................ A-1 Debt Statements ............................................................. 24          Schedule of Bond and Note Maturities ........................ A-2","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":37,"text":"Short-term Financing ..................................................... 24                Data ........................................................................ A-1 Debt Statements ............................................................. 24          Schedule of Bond and Note Maturities ........................ A-2 Statement of Statutory Debt Condition .......................... 25                     APPENDIX B List of Authorized Debt ................................................. 25              Audited Financial Statements ..................................... B-1","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":38,"text":"Debt Statements ............................................................. 24          Schedule of Bond and Note Maturities ........................ A-2 Statement of Statutory Debt Condition .......................... 25                     APPENDIX B List of Authorized Debt ................................................. 25              Audited Financial Statements ..................................... B-1 Debt Ratios .................................................................... 26     APPENDIX C","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":39,"text":"Statement of Statutory Debt Condition .......................... 25                     APPENDIX B List of Authorized Debt ................................................. 25              Audited Financial Statements ..................................... B-1 Debt Ratios .................................................................... 26     APPENDIX C OCEAN COUNTY UTILITIES AUTHORITY ............. 26                                            Forms of Legal Opinions ............................................. C-1","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":40,"text":"List of Authorized Debt ................................................. 25              Audited Financial Statements ..................................... B-1 Debt Ratios .................................................................... 26     APPENDIX C OCEAN COUNTY UTILITIES AUTHORITY ............. 26                                            Forms of Legal Opinions ............................................. C-1 OTHER AUTHORITY AND FIRE DISTRICT                                                          APPENDIX D","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":5,"line":43,"text":"OTHER AUTHORITY AND FIRE DISTRICT                                                          APPENDIX D DEBT .............................................................................. 27     Forms of Continuing Disclosure Certificates ............... D-1 TAX COLLECTION PROCESS ..................................... 27","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":7,"line":10,"text":"This Official Statement which includes the cover page and the appendices has been prepared by the County of Ocean (the \u201cCounty\u201d) in the State of New Jersey (the \u201cState\u201d) and provides certain information regarding the financial and economic condition of the County in connection with the sale of $47,455,000 General Improvement Bonds, Series 2024 (the \u201cGeneral Improvement Bonds\u201d) and $2,110,000 College Capital Improvement Bonds, Series 2024 (the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":7,"line":23,"text":"or the transfers of the interest among its participants. The participants will be responsible for maintaining records regarding the beneficial ownership interests in the Bonds on behalf of the individual purchasers. Individual purchases may be made in the principal amount of $1,000 or more through book entries made on the book and records of DTC and its participants. Individual purchasers of the Bonds will not receive certificates representing their beneficial","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":7,"line":25,"text":"may be made in the principal amount of $1,000 or more through book entries made on the book and records of DTC and its participants. Individual purchasers of the Bonds will not receive certificates representing their beneficial ownership interests in the Bonds, but each book-entry Bond owner will receive a credit balance on the books of its nominee, and this credit balance will be confirmed by an initial transaction statement stating the details of the Bonds","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":7,"line":28,"text":"nominee, and this credit balance will be confirmed by an initial transaction statement stating the details of the Bonds purchased. (See \u201cBOOK-ENTRY-ONLY TRANSFER SYSTEM FOR THE BONDS\u201d herein).  Interest on the Bonds will be payable on May 1, 2025 and semiannually thereafter on the 1st day of May and November","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":7,"line":33,"text":"Interest on the Bonds will be credited to the participants of DTC as listed on the records of DTC as of each preceding April 15 and October 15 (the \u201cRecord Dates\u201d) for the payment of interest on the Bonds.  Optional Redemption Provision","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":8,"line":24,"text":" 2023-27       12/20/23     Purchase of a firearms practice range facility and other apparatus in Little Egg Harbor                     15 Township                                                                                     9,900,000                  9,900,000 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":8,"line":42,"text":"SECURITY FOR THE BONDS In the opinion of Bond Counsel, the full faith and credit of the County is irrevocably pledged for the payment of the principal of the Bonds and the interest thereon. The Bonds and the interest thereon will be valid and binding obligations of the County and, unless paid from other sources, are payable from ad valorem taxes levied upon all the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":8,"line":45,"text":"obligations of the County and, unless paid from other sources, are payable from ad valorem taxes levied upon all the taxable real property within the County without limitation as to rate or amount. The enforceability of rights or remedies with respect to the Bonds may be limited by bankruptcy, insolvency or other laws affecting creditors\u2019 rights or remedies now existing or hereafter enacted.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":8,"line":49,"text":" The Chapter 12 Bonds are further entitled to the benefits of Chapter 12 of the Laws of New Jersey of 1971, as amended and supplemented (N.J.S.A. 18A:64A-22.1 et seq.) (the \u201cCounty College Bond Act\u201d), which provides that the principal of and interest on the Chapter 12 Bonds will, subject to appropriation, be paid by the State of New Jersey","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":8,"line":51,"text":"and supplemented (N.J.S.A. 18A:64A-22.1 et seq.) (the \u201cCounty College Bond Act\u201d), which provides that the principal of and interest on the Chapter 12 Bonds will, subject to appropriation, be paid by the State of New Jersey (the \u201cState\u201d). The amounts paid by the State pursuant to the County College Bond Act are paid directly to the paying agent for the Chapter 12 Bonds and must be used for the payment of the principal of and interest on the Chapter 12","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":8,"line":53,"text":"(the \u201cState\u201d). The amounts paid by the State pursuant to the County College Bond Act are paid directly to the paying agent for the Chapter 12 Bonds and must be used for the payment of the principal of and interest on the Chapter 12 Bonds. The County has appointed TD Bank, National Association, Mount Laurel, New Jersey, as the paying agent for the Chapter 12 Bonds. The Chapter 12 Bonds are not debts or liabilities of the State. In the event that State","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":8,"line":55,"text":"Bonds. The County has appointed TD Bank, National Association, Mount Laurel, New Jersey, as the paying agent for the Chapter 12 Bonds. The Chapter 12 Bonds are not debts or liabilities of the State. In the event that State appropriations for the payment of the principal of and interest on the Chapter 12 Bonds are not made, the County will be responsible for appropriating amounts to pay such principal and interest.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":8,"line":56,"text":"for the Chapter 12 Bonds. The Chapter 12 Bonds are not debts or liabilities of the State. In the event that State appropriations for the payment of the principal of and interest on the Chapter 12 Bonds are not made, the County will be responsible for appropriating amounts to pay such principal and interest. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":8,"line":57,"text":"appropriations for the payment of the principal of and interest on the Chapter 12 Bonds are not made, the County will be responsible for appropriating amounts to pay such principal and interest.  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":9,"line":4,"text":"Pandemics, epidemics and other public health emergencies (such as COVID-19), may adversely impact the County and its revenues, expenses and financial condition. The County cannot predict the duration and extent of such pandemics, epidemics and other health emergencies, or quantify the magnitude of their ultimate impact on the State and regional economy, or on the revenues and expenses of the County. Pandemics, epidemics and other health","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":9,"line":6,"text":"pandemics, epidemics and other health emergencies, or quantify the magnitude of their ultimate impact on the State and regional economy, or on the revenues and expenses of the County. Pandemics, epidemics and other health emergencies may be ongoing, and their dynamic nature may lead to many uncertainties, including (i) the geographic spread as they evolve; (ii) the severity as they mutate; (iii) the duration of the outbreak; (iv) actions that may be taken","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":9,"line":12,"text":"whether and to what extent the State Governor may order additional public health measures; and (ix) the impact of the outbreak and actions taken in response to the outbreak on County revenues, expenses and financial condition. Prospective investors should assume that restrictions and limitations related to COVID-19 and any future variants or pandemics may be instituted by the State or federal government.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":10,"line":17,"text":"The following description of the procedures and record keeping with respect to beneficial ownership interests in the Bonds, payment of principal and interest, and other payments on the Bonds to DTC Participants or Beneficial Owners defined below, confirmation and transfer of beneficial ownership interests in the Bonds and other related transactions by and between DTC, DTC Participants and Beneficial Owners, is based on certain information furnished by DTC to","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":10,"line":32,"text":"holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC\u2019s participants (\u201cDirect Participants\u201d) deposit with DTC. DTC also facilitates the post-trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":10,"line":46,"text":" Purchases of the Bonds under the DTC system must be made by or through Direct Participants, which will receive a credit for the Bonds on DTC\u2019s records. The ownership interest of each actual purchaser of each Bond (\u201cBeneficial Owner\u201d) is in turn to be recorded on the Direct and Indirect Participants\u2019 records. Beneficial Owners will not receive","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":10,"line":47,"text":"Purchases of the Bonds under the DTC system must be made by or through Direct Participants, which will receive a credit for the Bonds on DTC\u2019s records. The ownership interest of each actual purchaser of each Bond (\u201cBeneficial Owner\u201d) is in turn to be recorded on the Direct and Indirect Participants\u2019 records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":10,"line":49,"text":"Owner\u201d) is in turn to be recorded on the Direct and Indirect Participants\u2019 records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":11,"line":15,"text":"Bond documents. For example, Beneficial Owners of Bonds may wish to ascertain that the nominee holding the Bonds for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the registrar and request that copies of notices be provided directly to them.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":11,"line":25,"text":" So long as the Bonds of a series are held by DTC under a book-entry system, payments of principal, premium, if any, and interest on the Bonds of such series will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC\u2019s practice is to credit Direct Participants\u2019 accounts upon DTC\u2019s receipt of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":11,"line":29,"text":"funds and corresponding detail information from the Authority or the Trustee, on payable date in accordance with their respective holdings shown on DTC\u2019s records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with Bonds held for the accounts of customers in bearer form or registered in \u201cstreet name,\u201d and will be the responsibility of such Participant and not of DTC, Authority","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":11,"line":32,"text":"bearer form or registered in \u201cstreet name,\u201d and will be the responsibility of such Participant and not of DTC, Authority or the Trustee, subject to any statutory or regulatory requirements as may be in effect from time to time. Payments of principal, premium, if any, and interest on the Bonds to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of Authority or the Trustee, disbursement of such payments","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":11,"line":34,"text":"principal, premium, if any, and interest on the Bonds to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of Authority or the Trustee, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":11,"line":35,"text":"an authorized representative of DTC) is the responsibility of Authority or the Trustee, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":11,"line":54,"text":"ANY NOTICE (INCLUDING ANY NOTICE OF REDEMPTION) THAT IS PERMITTED OR REQUIRED TO BE GIVEN TO BOND OWNERS; (III) THE PAYMENT BY DTC OR ANY DTC PARTICIPANT OF ANY AMOUNT WITH RESPECT TO THE PRINCIPAL, PREMIUM (IF ANY) OR INTEREST DUE ON THE BONDS; (IV) THE ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":12,"line":1,"text":"SELECTION BY DTC OR DTC PARTICIPANTS OF ANY PERSON TO RECEIVE A PAYMENT IN THE EVENT OF A PARTIAL REDEMPTION OF THE BONDS; OR (V) ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY CEDE & CO., AS NOMINEE OF DTC, AND THE REGISTERED OWNER OF THE BONDS. THE","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":12,"line":32,"text":"County employees are enrolled in one of three State of New Jersey retirement systems. Contributions are made to the systems by both employer and employees. The pension rate for the Public Employees Retirement System remained at 7.50 percent. County employees are also enrolled in the Social Security system and covered by the New Jersey State Health Benefits Plan, prescription drug plans, dental, vision care plans, workers\u2019 compensation, disability","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":12,"line":34,"text":"at 7.50 percent. County employees are also enrolled in the Social Security system and covered by the New Jersey State Health Benefits Plan, prescription drug plans, dental, vision care plans, workers\u2019 compensation, disability insurance and an optional deferred compensation plan. Each year, with the assistance of a professional labor negotiator, the Board decides average salary increases for County employees. There is a total of 21 bargaining units","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":12,"line":35,"text":"State Health Benefits Plan, prescription drug plans, dental, vision care plans, workers\u2019 compensation, disability insurance and an optional deferred compensation plan. Each year, with the assistance of a professional labor negotiator, the Board decides average salary increases for County employees. There is a total of 21 bargaining units within the County, and as of May 31, 2024 there are 3 bargaining units in negotiations for agreements that expired on","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":12,"line":36,"text":"insurance and an optional deferred compensation plan. Each year, with the assistance of a professional labor negotiator, the Board decides average salary increases for County employees. There is a total of 21 bargaining units within the County, and as of May 31, 2024 there are 3 bargaining units in negotiations for agreements that expired on March 31, 2024.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":12,"line":37,"text":"negotiator, the Board decides average salary increases for County employees. There is a total of 21 bargaining units within the County, and as of May 31, 2024 there are 3 bargaining units in negotiations for agreements that expired on March 31, 2024. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":12,"line":47,"text":" Ocean County led the State with dramatic population growth from 1950 to 2000. While the growth rate continues to slow down, the County still had the second highest growth rate in 2010 and 2020, at 12.8% and 10.5% respectively. According to Census 2020, Ocean County\u2019s population reached 637,229, making it the sixth most populous County","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":12,"line":48,"text":"Ocean County led the State with dramatic population growth from 1950 to 2000. While the growth rate continues to slow down, the County still had the second highest growth rate in 2010 and 2020, at 12.8% and 10.5% respectively. According to Census 2020, Ocean County\u2019s population reached 637,229, making it the sixth most populous County in the State. The North Jersey Transportation Planning Authority\u2019s (NJTPA) adopted municipal forecasts (2021)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":12,"line":53,"text":" From Census 2020 to 2024, Ocean County had the highest population increase and growth rate in the state, increasing at 3.4% to a population estimate of 659,197, adding 21,952 more residents. The growth was driven by population ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":13,"line":2,"text":"increases in Lakewood and Toms River Townships of 4,713 and 3,659 respectively, while the smaller municipality of Plumsted Township had the highest growth rate during that period of 10.2%.  The rapid population growth has transformed the economic base of the County from primarily seasonal to a diversified","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":15,"line":39,"text":"The 2023 Annual Average Labor Force Estimate for the County was 302,654. The Annual Average Ocean County residents employed in 2023 was 289,839; resulting in an unemployment rate of 4.2%, This represents a slight increase from the 2022 unemployment rate of 3.9%, but is a notable improvement compared to the 6.3% rate in 2021. Ocean County\u2019s strong growth and residential construction sector continue to be a driving force in the economy. Labor and","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":15,"line":40,"text":"residents employed in 2023 was 289,839; resulting in an unemployment rate of 4.2%, This represents a slight increase from the 2022 unemployment rate of 3.9%, but is a notable improvement compared to the 6.3% rate in 2021. Ocean County\u2019s strong growth and residential construction sector continue to be a driving force in the economy. Labor and employment estimates are as reported by the New Jersey Department of Labor (August 30, 2024).","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":16,"line":58,"text":"2 State of New Jersey Department of Education, DOE Data Reports 2022-2023. 3 This figure represents civil servants and contractors employed at Navy Lakehurst and CERDEC Flight Activity only. Total Joint Base employment is approximately 46,000. Prepared by: Ocean County Dept of Planning, May 2024.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":18,"line":12,"text":"transportation system and serves as the paratransit provider operated by the Ocean County Department of Transportation Services. The County transportation system is funded through a variety of state and federal grants as well as County funds. As of May 2024, the system fleet totals 76 wheelchair accessible vehicles, which includes transit buses, mini-buses, mini-vans and SUVs.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":18,"line":43,"text":"Ocean County Transportation Advisory Committee for Senior Citizens and Persons with Disabilities was created to review and recommend appropriate strategies and policies to address the growing demand for specialized transportation service. You may visit their website at www.co.ocean.nj.us/oc/Transportation for more information. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":19,"line":14,"text":" Ocean County College also has an on-campus agreement with Kean University. This allows Ocean County College students to complete their four-year degree, as well as a master\u2019s program, from Kean without leaving the Toms River campus. Additionally, Ocean County College has a dual admission and transfer partnership with Stockton University","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":19,"line":23,"text":"a library card may access eBooks and online resources; access to resources is further expanded by reciprocal borrowing agreements with the Burlington County Library and the Monmouth County Library systems. The Library also provides many educational, arts and community programs throughout the year for all ages. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":20,"line":52,"text":"In 1998, Ocean County established a Natural Lands Trust Fund Program to acquire and maintain natural areas in the County. The benefits of the program include protecting critical environmental resources, maintaining the rural character of the County and buffering areas not compatible with development. To date, 346 properties totaling over 29,941.26 acres have been acquired. The program also has a farmland preservation component, which seeks to protect","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":21,"line":4,"text":" In 2019, the County completed the purchase of a nearly 8,000 acre tract known as the Forked River Mountains. This area shelters the headwaters of the Forked River and its tributaries, forming high quality habitat for threatened and endangered plant & wildlife species. This area also offers some of the nicest views in the County, spanning tens of","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":22,"line":12,"text":"owned composting equipment travels to additional municipal compost sites to process their composting materials. The benefits of this program are passed on to the community, as residents and landscapers are encouraged to bring yard waste to recycling centers or pick up compost and mulch for personal use. These services are offered free of charge to residents.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":22,"line":24,"text":"Introduced in 1995, Ocean County\u2019s Recycling Reserve Sharing Program distributes profits from recycling operations with its participating municipalities. Revenue share is based upon profits received from recyclable commodities sales and is calculated twice annually, with towns paid a \u201cper ton\u201d rate based upon tonnages delivered to the recycling centers. Since this program\u2019s inception, the County has paid its municipalities nearly $18 million for their recycling","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":22,"line":25,"text":"with its participating municipalities. Revenue share is based upon profits received from recyclable commodities sales and is calculated twice annually, with towns paid a \u201cper ton\u201d rate based upon tonnages delivered to the recycling centers. Since this program\u2019s inception, the County has paid its municipalities nearly $18 million for their recycling efforts, despite recent years in which the recycling industry as a whole struggled to generate revenue. Encouragingly,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":22,"line":27,"text":"centers. Since this program\u2019s inception, the County has paid its municipalities nearly $18 million for their recycling efforts, despite recent years in which the recycling industry as a whole struggled to generate revenue. Encouragingly, improved global markets and the County\u2019s commitment to maintaining its facilities have Ocean County poised to maximize recycling profits moving forward.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":22,"line":31,"text":" Unlike many other New Jersey counties, Ocean County has no outstanding debt issues relating to solid waste disposal facilities. As such, the deregulation of waste flow that occurred in New Jersey in 1997 has not had any impact upon the finances of the County.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":22,"line":39,"text":"County\u2019s Master Composter Training Program. The Backyard Composting Demonstration Site helps increase public awareness on the benefits of home composting and offers \u201chow to\u201d compost classes for County residents each spring and fall, taught by Ocean County Master Composter volunteers. Each of these outreach initiatives aim to educate Ocean County residents on the importance and benefits of recycling and composting, with an overall goal of diverting","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":22,"line":41,"text":"and fall, taught by Ocean County Master Composter volunteers. Each of these outreach initiatives aim to educate Ocean County residents on the importance and benefits of recycling and composting, with an overall goal of diverting as much material from the typical waste stream (i.e. from the landfill) as possible. Efforts to do so can have tremendous environmental, as well as economical benefits.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":22,"line":43,"text":"as much material from the typical waste stream (i.e. from the landfill) as possible. Efforts to do so can have tremendous environmental, as well as economical benefits.  Recreational Facilities","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":23,"line":33,"text":" Since 1984, the County has been involved with the federal Community Development Block Grant Program (CDBG), which funds projects in 29 municipalities. With the implementation of the HOME Program in 1992 the County funds projects in all 33 municipalities, including the entitlement communities of Brick, Toms River, Lakewood and Jackson","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":23,"line":36,"text":"projects in all 33 municipalities, including the entitlement communities of Brick, Toms River, Lakewood and Jackson Townships. The County has been awarded approximately $1.8 million in CDBG grant funds and approximately $1.49 million in HOME grant funds for the program year 2023. Acting on the recommendations of the CDBG Committee, the Board of Commissioners allocates CDBG funding for projects submitted by the 29 participating municipalities","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":23,"line":37,"text":"Townships. The County has been awarded approximately $1.8 million in CDBG grant funds and approximately $1.49 million in HOME grant funds for the program year 2023. Acting on the recommendations of the CDBG Committee, the Board of Commissioners allocates CDBG funding for projects submitted by the 29 participating municipalities (applications are submitted on an every-other-year schedule), public services and non-profit organizations. Brick,","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":24,"line":2,"text":"The County's First-Time Home Buyer Program, through a cooperative effort with local non-profit organizations and area financial institutions, is designed to assist eligible low and moderate-income County residents in the purchase of a home. The program provides reduced bank fees and closing costs, as well as down payment/closing cost assistance to pre-approved homebuyers. In September 2021, the deferred loan amount was increased from $10,000 to $15,000","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":24,"line":3,"text":"area financial institutions, is designed to assist eligible low and moderate-income County residents in the purchase of a home. The program provides reduced bank fees and closing costs, as well as down payment/closing cost assistance to pre-approved homebuyers. In September 2021, the deferred loan amount was increased from $10,000 to $15,000 in response to housing market trends and lender feedback. The assistance is in the form of a deferred loan in the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":24,"line":7,"text":"amount of $15,000, and is secured by a second mortgage, which is forgiven and canceled after a period of six years. Since 1992, about $5.4 million dollars have been provided to over 585 households to assist in the purchase of their first home. The program also provides educational and mortgage counseling to eligible homebuyers. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":24,"line":23,"text":"In 2020, the County received CDBG-CV (CARES Act) funds directly from HUD in the amount of $2,918,956 to prevent, prepare for and respond to COVID-19 to benefit low and moderate income households affected by the pandemic. This funding has been fully allocated to several non-profits as well as a rental assistance program. The County continues to work with the non-profits and programs to effectively administer these funds.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":24,"line":30,"text":"In the period from 2015-2024, the County\u2019s total assessed valuations of land and improvements increased from $86,978,722,258 to $110,926,945,200. The County\u2019s tax rate for 2024 is $.2820 per $100 of assessed valuation.  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":24,"line":34,"text":" County Tax Rate - 10 Year History Year                   Rate/$100 2015                     .3525","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":24,"line":35,"text":"County Tax Rate - 10 Year History Year                   Rate/$100 2015                     .3525 2016                     .3539","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":26,"line":29,"text":" Tax Rate per $100............................................... $.2820 Tax Levy, 2024 ........................................ $455,897,751 ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":26,"line":30,"text":"Tax Rate per $100............................................... $.2820 Tax Levy, 2024 ........................................ $455,897,751  ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":29,"line":2,"text":"Ocean County Gross and Net Debt of Constituent Municipalities December 31, 2023 Gross Debt                                              Statutory Deductions","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":29,"line":4,"text":"December 31, 2023 Gross Debt                                              Statutory Deductions Equalized Vaulation Municipality               School         Self-Liquidating       Other               School            Self-Liquidating        Other         Net Capital Debt           Basis","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":29,"line":6,"text":"Equalized Vaulation Municipality               School         Self-Liquidating       Other               School            Self-Liquidating        Other         Net Capital Debt           Basis Barnegat               $ 22,060,000.00     $ 3,110,825.43    $ 17,937,000.00     $ 22,060,000.00        $ 3,110,825.43             $ 0.00     $ 17,937,000.00     $ 3,484,888,255.00 Barnegat Light                     0.00       1,862,000.00       1,168,105.00                0.00          1,862,000.00         162,435.68        1,005,669.32       1,388,005,602.00","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":1,"text":"PROVISIONS FOR THE PROTECTION OF GENERAL OBLIGATION DEBT  Local Bond Law (N.J.S.A. 40A:2-1 et seq.)","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":7,"text":"Among its provisions are requirements that bonds must mature within the statutory period of usefulness of the projects which are being bonded, that bonds be retired in serial installments and that a 5% cash down payment be generally provided. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":10,"text":" Debt Limits  The net debt of the County is limited by the Local Bond Law to an amount equal to 2% of its equalized valuation","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":12,"text":" The net debt of the County is limited by the Local Bond Law to an amount equal to 2% of its equalized valuation basis. The equalized valuation basis of the County is set by statute as the average value of all taxable real property within its boundaries as annually determined by the State Board of Taxation for each of the three most recent years.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":15,"text":"within its boundaries as annually determined by the State Board of Taxation for each of the three most recent years. Certain categories of debt are permitted by statute to be deducted for purposes of computing the statutory debt limit.  Exceptions to Debt Limits - Extensions of Credit","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":17,"text":" Exceptions to Debt Limits - Extensions of Credit  The debt limit of the County may be exceeded to the extent of two-thirds of the amount of obligations for which an","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":19,"text":" The debt limit of the County may be exceeded to the extent of two-thirds of the amount of obligations for which an appropriation for payment was made in the annual budget for the current fiscal year and in certain other circumstances and otherwise only with the approval of the Local Finance Board (the \u201cLFB\u201d) in the Division of Local Government","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":20,"text":"The debt limit of the County may be exceeded to the extent of two-thirds of the amount of obligations for which an appropriation for payment was made in the annual budget for the current fiscal year and in certain other circumstances and otherwise only with the approval of the Local Finance Board (the \u201cLFB\u201d) in the Division of Local Government Services in the New Jersey Department of Community Affairs (the \u201cDivision\u201d). If all or any part of a proposed debt","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":22,"text":"and otherwise only with the approval of the Local Finance Board (the \u201cLFB\u201d) in the Division of Local Government Services in the New Jersey Department of Community Affairs (the \u201cDivision\u201d). If all or any part of a proposed debt authorization would exceed its debt limit, the County must apply to the LFB for an extension of credit. In considering the request, the LFB focuses its review on the effect of the proposed authorization on outstanding obligations of the","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":23,"text":"Services in the New Jersey Department of Community Affairs (the \u201cDivision\u201d). If all or any part of a proposed debt authorization would exceed its debt limit, the County must apply to the LFB for an extension of credit. In considering the request, the LFB focuses its review on the effect of the proposed authorization on outstanding obligations of the County, operating expenses of the County and the potential ability of the County to meet the proposed obligations. If","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":26,"text":"County, operating expenses of the County and the potential ability of the County to meet the proposed obligations. If the LFB determines, pursuant to statute and regulation, that a proposed debt authorization would materially impair the ability of the County to meet its obligations or to provide essential services, approval is denied. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":29,"text":" The County is within its statutory debt limit at 0.43%.  Short-term Financing","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":33,"text":" The County is authorized to issue various types of short-term debt obligations, including bond anticipation notes, tax anticipation notes and emergency notes. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":45,"text":" Debt Statements  The County must report all new authorizations of debt or changes in previously authorized debt to the Division. The","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":47,"text":" The County must report all new authorizations of debt or changes in previously authorized debt to the Division. The Supplemental Debt Statement, as this report is known, must be submitted to the Division before final passage of any debt authorization. Before January 31 of each year the County must file an Annual Debt Statement with the Division.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":48,"text":"The County must report all new authorizations of debt or changes in previously authorized debt to the Division. The Supplemental Debt Statement, as this report is known, must be submitted to the Division before final passage of any debt authorization. Before January 31 of each year the County must file an Annual Debt Statement with the Division. This report is made under oath and states the authorized, issued and unissued debt of the County as of the previous","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":49,"text":"Supplemental Debt Statement, as this report is known, must be submitted to the Division before final passage of any debt authorization. Before January 31 of each year the County must file an Annual Debt Statement with the Division. This report is made under oath and states the authorized, issued and unissued debt of the County as of the previous December 31. Through the Annual and Supplemental Debt Statements, the Division monitors all local borrowings.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":50,"text":"debt authorization. Before January 31 of each year the County must file an Annual Debt Statement with the Division. This report is made under oath and states the authorized, issued and unissued debt of the County as of the previous December 31. Through the Annual and Supplemental Debt Statements, the Division monitors all local borrowings. Even though the County\u2019s authorizations are within its debt limits, the Division is able to enforce state regulations as","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":51,"text":"This report is made under oath and states the authorized, issued and unissued debt of the County as of the previous December 31. Through the Annual and Supplemental Debt Statements, the Division monitors all local borrowings. Even though the County\u2019s authorizations are within its debt limits, the Division is able to enforce state regulations as to the amounts and purposes of local borrowings.","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":30,"line":52,"text":"December 31. Through the Annual and Supplemental Debt Statements, the Division monitors all local borrowings. Even though the County\u2019s authorizations are within its debt limits, the Division is able to enforce state regulations as to the amounts and purposes of local borrowings. ","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":31,"line":1,"text":"Statement of Statutory Debt Condition (as of July 31, 2024) * General Debt                                       Gross Debt                   Deductions              Net Debt","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."},{"entity":"Public body identified by the source","fund":"not_assigned","period_kind":"source_context_not_normalized","budget_status":"source_context","accounting_basis":"not_assigned","definition":"Source excerpt or table row; not a canonical measurement. OCR requires visual verification before a new numerical claim.","record_type":"financial_source_context","source_url":"https://www.co.ocean.nj.us//WebContentFiles//59e1c250-cddb-43c6-b7d7-e23c1fac6cf5.pdf","source_label":"county-budgets-2024-ocean-county-os.pdf","page":31,"line":3,"text":"(as of July 31, 2024) * General Debt                                       Gross Debt                   Deductions              Net Debt  Issued and Outstanding","text_method":"existing_text","interpretation":"Source context, not a normalized financial measure; OCR may require visual confirmation."}]