Financial statement of Rahway Redevelopment Agency as of December 31, 2024.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Other
- City
- Rahway
- Address
- Rahway, NJ
What You Should Do Next
- 1
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Examine the full financial statements for detailed insights into the agency's finances.
- 2
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Reach out to the Rahway Redevelopment Agency for any inquiries regarding the financial report.
Frequently Asked Questions
- What is the financial position of the Rahway Redevelopment Agency?
- The agency's total assets as of December 31, 2024, are $11,522,192.
- How much cash does the Rahway Redevelopment Agency have?
- As of December 31, 2024, the agency has $150,248 in cash.
- What are the total unrestricted current assets?
- The total unrestricted current assets amount to $521,183.
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Full Notice Text
RAHWAY REDEVELOPMENT AGENCY COMPARATIVE STATEMENT OF NET POSITION AS OF DECEMBER 31, 2024 AND 2023 ASSETS 2024 2023 Unrestricted Current Assets Cash $ 150,248 $ 434,037 NJEDA Grant Receivable 262,142 262,142 Intergovernmental Receivable- City of Rahway 54,006 - Developer Receivables 54,787 48,115 Total Unrestricted Current Assets 521,183 744,294 Restricted Current Assets Operating Fund Cash Equivalents 6 5 Debt Service Fund Cash Equivalents 1,490 1,410 Construction Fund Cash Equivalents 5 4 Developer Escrow Account Cash 44,194 - Total Restricted Current Assets 45,695 1,419 Noncurrent Assets Mortgage Loan Receivable 225,000 225,000 Capital Assets Land 1,777,430 1,777,430 Building 15,931,677 15,931,677 Property and Equipment 6,000 6,000 Accumulated Depreciation (6,984,793) (6,586,501) Total Capital Assets (net of accumulated depreciation) 10,730,314 11,128,606 Total Noncurrent Assets 10,955,314 11,353,606 Total Assets 11,522,192 12,099,319 DEFERRED OUTFLOW
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