2013All Numbers in This Report
Have Been Rounded To
The Nearest Dollar
ANNUAL FINANCIAL REPORT
UPDATE DOCUMENT
For The
FIRE DISTRICT of New Hackensack
County of Dutchess
For the Fiscal Year Ended 12/31/2013
AUTHORIZATION
ARTICLE 3, SECTION 30 of the GENERAL MUNICPAL LAW:
1. "`Every Municipal Corporation *'`'` shall annually make a report of its
financial condition to the Comptroller. Such report shall be made by the
Chief Fiscal Officer of such Municipal Corporation **`
5. All reports shall be certified by the officer making the same and shall
be filed with the Comptroller """* It shall be the duty of the incumbent
officer at the time such reports are required to be filed with the
Comptroller to file such report *'`'`
r-----
State of NEW YORK '
Office of The State Comptroller
Division of Local Government and School Accountabilit~r
Albany, New York 12236
G°~L~C~L~~MGD
MAR 0 3 2014
TOWN OF WAPPINGER
_ _._~TOWN CLARK
Page 1
FIRE DISTRICT OF New Hackensack
""' FINANCIAL SECTION """
Financial Information for the following funds and account groups are included in the Annual Financial Report filed by
your government for the fiscal year ended 2012 and has been used by the OSC as the basis for preparing this
update document for the fiscal year ended 2013:
(A) GENERAL
(R) RESERVE
(TA) AGENCY
All amounts included in this update document for 2012 represent data filed by your government with
OSC as reviewed and adjusted where necessary.
"'" SUPPLEMENTAL SECTION ""``
The Supplemental Section includes the following sections:
1) Statement of Indebtedness
2) Schedule of Time Deposits and Investments
3) Bank Reconciliation
4) Local Government Questionnaire
5) Schedule of Employee and Retiree Benefits
6) Schedule of Energy Costs and Consumption
7) Schedule of Other Post Employment Benefits (OPEB)
All numbers in this report will be rounded to the nearest dollar
Page 2
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
(A) GENERAL
Balance Sheet
--
ode - _ -
;
-_
__ __
~
- _
_
-
Assets _ _
_ _ _ i _2012 _ ,
~ EdpCode~!! i _ -,
v 2013 ~
Cash
181, 505 A200 440,186
TOTAL Cash
Cash Special Reserves 1$1,505 440,186
2,521,367 A230 2,764,172
TOTAL Restricted Assets
2,521,367 2,764,172
TOTAL Assets and Deferred Outflows of Resources
2,702,872 3,204,358
Page 3 OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
(A) GENERAL
Balance Sheet
__ _~ -
Accrued Liabilities -2012
21,145
TOTAL Accnred Liabilidee 21,145
TOTAL Liabilities 21,145
Fund Balance
Capital Reserve
Reserve For Repairs 2,500,033
21,333
TOTAL Restricted Fund Balance 2,521,367
Unassigned Fund Balance
160,360
TOTAL Unassigrred Fund Balance 160,360
TOTAL Fund Balance 2,681,727
TOTAL Liabilities, Deferred IMl~rs And Fund Balance 2,702,872
EdpCdude -11 _ 201 S _ I
A601
0
0
A878 2,742,820
A882 21,352
2,764,172
A917 440,186
440,186
3,204,358
3,204,358
Page 4 OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
(A) GENERAL
Results of Operation
__
~ °-~'~'
-..-
l -- . '~'i?12 --
- ~
_
--
21313
Revenues
Real Property Taxes 1,017,135 A1001 1,087,860
TOTAL Real Property Taxes 1,017,135 1,087,880
Interest And Earnings 6,931 A2401 4,898
TOTAL Use of Money And Property 8,931 4,898
Sales of Equipment 155,000 A2665 292
TOTAL Sale of Property And Compensation For Loss 155,000 292
Unclassified (specify) 7,191 A2770 43,532
TOTAL Miscellaneous Local Sources 7,191 43,532
TOTAL Revenues 1,188,257 1,138,582
TOTAL Detail Revenues And Other Sources 1,188,257 1,138,582
Page 5 OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
(A) GENERAL
Results of Operation
.
__ _- ~ _ ,~
! 2012 ,
EdpCode
_ __ ^_
; 2013 ~
Expenditures _
Fire, Pers Serv
139,338 A34101 117
310
Fire, Equip & Cap Outlay ,
836,932 A34102 38,588
Fire, Contr Expend
345,979 A34104 272,821
TOTAL Fire 1,322,249 428,719
TOTAL Public Safety 1,322,249 428,719
Police & Firemen Retirement, Empl Bnfts 19,167 A90158
Local Pension Fund, Empl Bnfts
13,739 A90258 24,440
Social Security, Employer Cont
5,586 A90308 6,187
Worker's Compensation, Empl Bnfts 80,035 A90408 125,301
Life Insurance, Empl Bnfts
329 A90458 5,354
Hospital 8 Medical (dental) Ins, Empl Bnft 25,353 A90608 23,949
TOTAL Employee Benefits 144,209 185,232
TOTAL Expenditures
1,486,458 613,951
Transfers, Other Funds A99019
TOTAL Operating Transfers 0 0
TOTAL Other Uses 0 0
TOTAL Detail Expenditunes And Other Uses 1,466,458 613,951
Page 6 OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
(A) GENERAL
Analysis of Changes in Fund Balance
Cod Description, --
Analysis of Changes in Fund Balance
Fund Balance -Beginning of Year
Restated Fund Balance -Beg of Year
ADD -REVENUES AND OTHER SOURCES
DEDUCT -EXPENDITURES AND OTHER USES
Fund Balance -End of Year
2012
2,961,927
2,961,927
1,186,257
1,466,458
2,681,726
--
d~code 2t)13
A8021 2,881,726
A8022 2,681,726
1,136,582
613,951
A8029 3,204,358
Page 7 OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
(A) GENERAL
Budget Summary
'Gods Descr~titin _ _ _ _
Estimated Revenues
Est Rev -Real Property Taxes
TOTAL Estimated Revenues
TOTAL Estimated Revenues And Other Bounces
- - -- _~i
2013. _ E ~ 2014
A1049N 1,087,862
0 1,087,862
0 1,087,862
Page 8 OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
(A) GENERAL
Budget Summary
~ - -
. __ .-
~.. _ - _ ---
- -
~ EdpCode ~ - - _
2813 ~
- - - -
2014
Appropriations - _
App -Public Safety A3999N 319,212
App -Employee Benefits
A9199N
122,500
TOTAL A
PPropriations p
Other Budgetary Purposes 441,712
A962N 366,650
App - Interfund Transfer A9999N 266,000
TOTAL Other Uses 0
632,650
TOTAL Appropriation And Other Uses 0
7,074,362
Page 9 OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
Balance Sheet
Code Description _ _ _ -. _ -
--- -
. --
284? _ i ~ EdpCode ~; 2(113
Page 10
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
Balance Sheet
(Code
2012 -. -
'I EdpCode i _ 2013
Page 11
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
Results of Operation
ode Description
I[ wiz ,I, E - _ _--
dpcaa~ 1; _ 2ot~ ,
Page 12
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
Results of Operation
Code D _ _
- - _----
__.2Q12 ~_;~. Edpi;ode ,` 203 ~
- 1
Page 13
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
(R) RESERVE
Analysis of Changes in Fund Balance
-. -
ade t!or- _ __ _ _
Analysis of Changes in Fund Balance
Fund Balance -Beginning of Year
Fund Balance -End of Year
_. _.
~ -- -- ;~
__ _ _ 2012 _ ~ EdpCode,; 2013
R8021
R8029
Page 14 OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
(TA) AGENCY
Balance Sheet
- __
____ --_
ode Descrs~n
-- -
__ __
Assets
Service Award Program Assets
TOTAL Investments
TOTAL Assets and Deferred Outflows of Resources
---
'I 2012 EdpCode-]; 2013
700,867 TA461 737,967
700,867 737,987
700,867 737,987
Page 15 OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2013
(TA) AGENCY
Balance Sheet
- _ _ _ ---
Cade Description
Service Awards
TOTAL Agency liabilities
TOTAL Liabilities
TOTAL Liabilities, Deferred Inflows And Fund Balance
__
2l?12 __EdPCode .
700,867 TA13
700,867
700,867
700,867
2013
737,967
737,967
737,967
737,967
Page 16 OSC Municipality Code 131186806500
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New Hackensack FIRE DISTRICT
Schedule of Time Deposits and Investments
For the Fiscal Year Ending 2013
EDP Code
_.
Amount
CASH:
On Hand 922001 $0.00
errand Deposits
922011 _- -_
$3,204,357.51
ime Deposits
922021 __ ---
Total - __ _- _---
$3,204,357.51
COLLATERAL:
- FDIC Insurance 922014 $250,000.00
__ _ --
Collateralized with securities held in
possession of municipality or its agent 9Z2014A $2,976,43_0.15
Total $3,226,430.15
INVESTMENTS:
- Securities (450)
Book Value (cost) 924501
-- ---_
Market Value at Balance Sheet Date 924502
Collateralized with securities held in 9Z4504A
possession of municipality or its agent - -- ---
- Repurchase Agreements (451)
Book Value (cost) 924511
- ___ _ _--
arket Value at Balance Sheet Date 924512
Collateralized with securities held in 9Z4514A
possession of municipality or its agent _.
Page 18 OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Bank Reconciliation
For the Fiscal Year Ending 2013
Include All Checking, Savings and C. D. Accounts
Bank
Account
Number
*****-6153
*****-3367
*****-3375
*****-3383
*****-3391
Add:
Bank Deposit
Balance In Transit
$14,370
$438,463
$9, 043
$1,466,557
$1,276,263
$18,148
Total Adjusted Bank Balance
>?etty Cash
Adjustments
Total Cash
Total Cash Balance All Funds
* Must be equal
$0
$0
$0
$0
$0
$3,204
Less:
Outstanding
Checks
$19,051
$0
$2,638
$0
$0
$0
Adjusted
Bank
Balance
($4,681)
$438,463
$6,405
$1,466,557
$1,276,263
$21, 352
$3,204,358
$.00
$.00
$3,204,358
$3,204,358
9ZCASH
9ZCASHB *
Page 19
OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Fire District Questionnaire
For the Fiscal Year Ending 2013
1) Has your district adopted a written procurement prolicy and is it complied with?
2) Has your district contracted to have an independent audit of its financial statements?
If not, has the Board of Fire Commissioners performed an internal audit of the
Treasurer's records and reports?
3) Does your district have a written travel policy and is it complied with?
4) Are monthly bank reconciliations performed?
5) What is your district's statutory spending limitation margin (amount) for the next fiscal
g) Does your district have a Length of Service Award Program
(LOSAP) for volunteer firefighters?
If so, how are the LOSAP funds invested?
Marketable Securities
Annuities
Life Insurance
Other (describe)
7) Has your Fire District adopted an investment policy as required by General Municipal
Law, Section 39?
Response
__
Y
Y
N
Y
__.._-_
$2,092,755
N
___._. _ _
Y
N
Y
Page 20
New Hackensack FIRE DISTRICT
Employee and Retiree Benefits
For the Fiscal Year Ending 2013
- _ _ --
I Total Full Time Employees: -
.-
Total Part Time Employees
- -
- - - _ _
__
- - - _ -_
ACodet ~ Description EA~Falds~ EmToeees ~ EmTimert ~ #ofRetirees
L - '- _ ___ - - - P Y ~ p oyees
9010 ' State Retirement System $0.0 -
9015 Police and Fire Retirement $0.0 -~- ---~
~ _- - -
__ ,_
90258 Local Pension Fund - - - - ~
$24,440.0 - - --
_ _ i
9030 Social Security $6,186.9 ~ --~
_-
Worker's Com nsation - ~ --
9040( pe $125,301.2 _ -
Insurance
_ -
- _ _ ____
__ __ - ,
5 Lrfe Insurance $5,354.0 1~
9050 Unemployment Insurance $0.0 - --:---1
~~--- ~T _ _ __ - _ _
9055 Disability Insurance $160.0 - -
L_
9060 Hospital and Medical $23,949.4 ~~ III
(Dental) Insurance
I_ - i - _ _. - - _ _ _ _ ___ _---
-- - --:-
- _ - _ ,_
90708 Union Welfare Benefits $0.0
9085~Supplemental Benefd Payment to $0.0
Disabled Fire Fighters j
__ _
~ 91890 Other Employee Benefits ~ $0.0 -
1- _ _
- - -
~ Total 5185,391.6
omputed Total From Financiah~~~~ $185,231.6
(Section (comparative purposes only)
Page 21 OSC Municipality 131186806500
New Hackensack FIRE DISTRICT
Energy Costs and Consumption
For the Fiscal Year Ending 2013
Energy Type Total Total Volume Units Of Alternative
Expenditures Measure Units Of
Measure
__
Gasoline _
-
-~
_
$7,83~4~ _
-.
2,393_ _
gallons
~[
iesel Fuel
__
--
-_
-
___$5,41~~ __
-
1,455_
-
-. _
gallons _
-
_
r
JI
(Fuel Oil
L _ __
$10,45~~
_ _
2,76
_-
gallons
- -_
J
atural Gas
_
___ -
_ _
$6,9~C
7 121
--
cubic feet
__
~~ --
Electricity
- - I
(
- _ -
$17,477I~
138218
---
_kilowatt-hours
~~
al
-
~ _
- -
~ _ - _
d
- --
tons
~
__ _~
--- ~
_ __~
Page 22 OSC Municipality 131186806500
New Hackensack FIRE DISTRICT
Schedule of Other Post Employment Benefits (OPEB)
For the Fiscal Year Ending 2013
Annual OPEB Cost and Net OPEB Obligation
1. Type of Other Post Employment Benefds Plan
2. Annual Required Contribution(ARC)
3. Interest on Net OPEB Obligation
4. Adjustment to Annual Required Contribution
5. Annual OPEB Expense
6. Less: Actual Contribution Made
7. Increase in Net OPEB Obligation
8. Net OPEB Obligation -beginning of year
9. Net OPEB Obligation -end of year
10. Total Other Post Employment Benefits as reported in Accounts 683 in
Financial Section, Current Fiscal Year
11. Percentage of Annual OPEB Cost Contributed (Actual Contribution
Made/Annual OPEB Cost)
Funded Status and Funding Process
12. Actuarial Accrued Liability(AAL)
13. Less: Actuarial Value of Plan Assets
14. Unfunded Actuarial Accrued Liability(UAAL)
15. Funded Ratio(Actuarial Value of Plan Assets/AAL)
16. Annual Covered Payroll (of active employees covered by the plan)
17. UAAL as Percentage of Annual Covered Payroll
Other OPEB Information
18. Date of most recent actuarial valuation
19. Actuarial method used
20. Assumed rate of return on investments discount rate
21. Amortization period of UAAL(in years)
00%
Page 23 OSC Municipality 131186806500
FIRE DISTRICT DEMOGRAPHICS
Postal or Mailing Address:
17 Myers Corners Rd. ~l1/appingers Falls jNY 112590
Street Address or PO Box City State Zip
1(845) 297539 - )(845) 297-2122
Fire District Telephone Number Fire District Fax Number
q @yahoo.com J.__~_____-______~._~._______ --- ----- _. _.
fbor uist ~ ~_.-
Official Email Address Website
Physical Address: (If Different From Postal Address)
Street Address City State Zip
BOARD DEMOGRAPHICS
CHIEF FISCAL OFFICER
!Frank P. Borquist lSecffreas
Name Title
72 Wildwood Dr ~IVappingers Falls ~NY 112590
Street Address or PO Box City
State Zip
!(845) 297-4539 _
x(845) 297-2122 --- --
Telephone Number Fax Number
~fbor uist
q @Yahoo.com _ ..___
------__-_.
12/31 /2014
Email Address Term End Date
CHAIRMAN OF THE BOARD
oderick Macleod (Chairman
Name Title
42 Fenmore Dr ,.__ .__.__ _________ _..-_ ,
~ pp" gers Falls ;NY 112590
Street Address or PO Box
- - --_ _- City State Zip
-- _-.___~
!.(845)297-1866 _.__..__----.___,-
;
i( ) -
Telephone Number Fax Number
12/31 /2014
Email Address Term End Date
I, ,Frank P Borquoist hereby certify that I am the Chief Fiscal Officer of the
:New Hackensack Fire District ,and that the information provided in the annual
financial report of the !New Hackensack Fire District ,for the fiscal year ended
--
12/31/2013 , is true and correct to the best of my knowledge and belief. By entering the personal
identification number assigned by the Office of the State Comptroller to me as the Chief Fiscal Officer
of the New Hackensack Fire District ,and adopted by me as my signature for
use in conjunction with the filing of the !New Hackensack Fire District 's annual
financial report, I am evidencing my express intent to authenticate my certification of the
New Hackensack Fire District 's annual financial report report for the fiscal year
_ - .. .-.
ended 12/31/2013 and filed by means of electronic data transmission.
t ~ ~ _~___ ----______
-- --
~"` ~"' - ~ ~~~- j 02/27/2014
Name of Report Preparer Personal Identification Number Date
if different than Chief Fiscal Officer of Chief Fiscal Officer
New Hackensack FIRE DISTRICT
Financial Comments
For the Fiscal Year Ending 2013
Page 25