2001
..
All Numbers in This
Report Have Been
Rounded To The Nearest
rJnllRr
ANNUAL FINANCIAL REPORT
UPDATE DOCUMENT
For The
TOWN of Wappinger
..
County of Dutchess
For the Fiscal Year Ended 12/31/2001
*************************************************************************************************************************************
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 within sixty days after the close of
the fiscal year of such Municipal Corporation *** 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 ***
State of NEW YORK
Office of The State Comptroller
Division of Municipal Affairs
Albany, New York 12236
Page 1
II'
-
TOWN OF Wappinger
*** 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 2000 and has been used by the OSC as the basis for preparing this
update document for the fiscal year ended 2001 :
..
(A) GENERAL
(B) GENERAL TOWN-OUTSIDE VG
(CD) SPECIAL GRANT
(DB) HIGHWAY-PART-TOWN
(FX) WATER
(G) SEWER
(H) CAPITAL PROJECTS
(K) GENERAL FIXED ASSETS
(SL) LIGHTING
(SM) MISCELLANEOUS
(SS) SEWER
(SW) WATER
(TA) AGENCY
(TE) EXPENDABLE TRUST
(V) DEBT SERVICE
(W) GENERAL LONG-TERM DEBT
All amounts included in this update document for 2000 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 Securities for Collateralization
3) Schedule of Time Deposits and Investments
4) Investment Certification
5) Bank Reconciliation
6) Local Government Questionnaire
All numbers in this report will be rounded to the nearest dollar.
.
Page 2
II'
.,
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(A) GENERAL
Balance Sheet
~iXl~]:liiiMlliMif:=:=:=t::tt::::::tttttt:r::iITf;rnTTiITfjWtt:::':':ft'::::==tttt:rr:::::}ff:':=:::::::::::::=t:=:::::':(::::::':(((::::::::((::(::((HtffiTillI.QiWIwffiH,:(g,~~::':':mjITjt':~F::':::':'::t:===='::l
Assets
Cash A200
Cash In Time Deposits 649,071 A201 716,433
Petty Cash 800 A210 800
Investments In Repurchase Agreements 156,506 A451 11,320
Accounts Receivable 54,626 A380 23,115
State & Federal, Other 18,820 A410 16,827
..
Due From Other Funds 64,750 A391 65,606
Prepaid Expenses 2,794 A480 7,094
Balancing Code - Osc Use Only 0 A488
ifII
..
Page 3
OSC Municipality Code 130386800000
.,
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(A) GENERAL
Balance Sheet
~..._..
ii~tJ~@!OOi'M::')::~t'::;;\\\{{'"
Liabilities And Fund Equity
Accounts Payable
~~j':::~~:);;t///;:::::::'::)j'j/:::::::)::::::))))))):////:::://:::))))))):/'):///////:j:::j:j::/'jU//:)))))~ftt))j:::):':/:j~~lj::::)~:///:~j))~~/)m
20,921
A600
67,335
Accrued liabilities
A601
23,241
..
."
I,
Page 4
OSC Municipality Code 130386800000
.,
""
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(A) GENERAL
Results of Operation
P'QQ.,*bijillir.mlooU'~/~~f}fff~t,:,~t:~(/)f~:fff}fff:ttt:}fffff:t,t/:,,:::~,,:/,t,~,}:~:~:':t'~':',~,:(/)))/::::f/:ttt~:::~)):,,~~~~t,:~~tmm;8::~~ittjf)":~HI):t~#i:@&l~'}:'1~$iji:~~:t,::)t,l
Detail Revenues And Other Sources
Real Property Taxes
. ...............
.. ...............
........ .........
. . . . . . . . . . .. .. .
. . . . .. ...... ....
............ ....
. . . . . .. .. .......
A1001
A1081
A1090
A1232
A1255
A1603
A2001
A2089
A2401
A2410
A2530
A2544
A2610
A2611
155 A2655
0 A2680
A2701
A2705
A2770
A3001
A3005
A3040
A3060
A3089
169,526
653,688
16,490
o
16,691
-
Tax Collector Fees
Clerk Fees
Vital Statistics Fees
Park And Recreational Charges
Other Culture & Recreation Income
Interest And Earnings
Rental of Real Property
Games of Chance
Dog Licenses
Sales, Other
Insurance Recoveries
""
St Aid, Revenue Sharing
St Aid, Mortgage Tax
St Aid, Real Property Tax Administration
ST. Aid, Records MgmT.
St Aid - Other (specify)
TOTAL. St~t~Aid .
Interfund Transfers A5031
l,
-
Page 5
OSC Municipality Code 130386800000
'"
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(A) GENERAL
Results of Operation
f$.QQ~'P~i#ijjljOO:t?ifHfH:t'f\H\'?\():H::('/:::H\\\:t??::::::::'::::,'::\\,((/:r\f\,::t::t:tf"tt::?t:t::,,:\:(??:ft:t::??:tHflWf:fH,::?~<<w.?fH::::::::mr:::'::~MjjQQ~i"}HI::::::::rtf'~f\fH"""\:1
Detail Expenditures And Other Uses
Legislative Board, Pers Serv
Legislative Board, Contr Expend
31,119
21
A10101
A10104
32,379
22
A 11101
A11102
A11104
A12201
A12204
A13151
A13152
A13154
A13204
A13301
A13302
4,103 A13304
A 13551
A13552
A13554
....... "., .......
A13804
A14101
A 14102
A14104
67,284 A14204
0 Al4304
Al4404
A14501
Al4504
32,788 A16201
958 A16202
116,741 A16204
A16604
'"
Tax Collection,pers Serv
Tax Collection,equip & Cap Outlay
Tax Collection,contr Expend
Assessment, Pers Serv
Assessment, Equip & Cap Outlay
Assessment, Contr Expend
TOTAL Assessment-.:
...........
Fiscal Agents Fees, Contr Expend
'"
Law, Contr Expend
Personnel, Contr Expend
Engineer, Contr Expend
Elections, Pers Serv
Elections, Contr Expend
.
Page 6
OSC Municipality Code 130386800000
.,
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(A) GENERAL
Results of Operation
P.iXliMMi9iWlPri//)):tr::/rrriirr:::::tCt::::::::::rrr:t:::r))rrrrrrrrrr:t:::::::/:tt:)//::::::rr:tt::::tttttt:/(/:t:rllt:/:tt::::~~M:)::::(:tj!?:m:li\~ig~iil~::rm::::::::rrit~H:r::::rr/I
Detail Expenditures And Other Uses
Central Print & Mali,contr Expend 29,480 A16704
Central Data Process & Cap Outlay
Central Data Process, Contr Expend
Unallocated Insurance, Contr Expend
Municipal Assn Dues, Contr Expend
.,
Control of Animals, Pers Serv
Control of Animals, Contr Expend
Registrar of Vital Statistics, Pers Serv
Street Admin, Pers Serv
Street Admin, Equip & Cap Outlay
Street Admin, Contr Expend
.,
Garage, Contr Expend
Veterans Service, Contr Expend
Recreation Admlni, Pers Serv
Parks, Pers Serv
Parks, Equip & Cap Outla,Y
Parks, Contr Expend
Playgr & Rec Centers, Pers Serv
.
Page 7
9,249 A 16802
39,488 A16804
A19104
A 19204
A19304
A19504
A19894
A331 04
A35101
A351 04
A40201
A50101
A50102
A50104
A51324
A65104
A69894
A70201
A 71101
A71102
A71104
10,363 A71401
OSC Municipality Code 130386800000
'"
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(A) GENERAL
Comm Beautification, Contr Expend
A71404
A71454
A741 04
A751 04
., A75504
A761 04
A76201
A76202
A76204
State Retirement System 2,012 A90108 5,240
Social Security, Employer Cont 73,101 A90308 76,716
Worker's Compensation, Empl Bnfls 4,981 A90408 7,256
Life Insurance, Empl Bnfls 3,157 A90458 3,261
Unemployment Insurance, Empl Bnfls 0 A90508 1,635
Disability Insurance, Empl Bnfls 2,254 A90558 1,776
., Hospital & Medical (dental) Ins, Empl Bnft
143,151 A90608 178,837
Other Employee Benefits (spec) 3,300 A90898 4,200
98,425
90,000
A971 06
A97306
Debt Interest, Serial Bonds
Debt Interest, Bond Anticipation Notes
95,595
11,372
A971 07
A97307
209,557
3,283
Transfers, Other Funds
28,547
A99019
105,000
.."
Page 8
OSC Municipality Code 130386800000
,
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(A) GENERAL
Results of Operation
!t.Q.Q.~~p~f:@jP.tf.~:~::~:::~:::((\~::~:~::~::::)){))))::::((t(():~))))/~((::~:::(:::::::):~::):::~:~:~):~:~:::~))~){{?):~:~~:{:~::)::::::::::::):(:::::):::(:f::::)II((~{:\t~::):\(~{@:(H~$eQ.Q.~dll::)):~:::~):~t::::~:~:~::~)):1
Detail Expenditures And Other Uses
Transfers, Capital Projects Fund 70,000 A99509
,
.,
..
Page 9
OSC Municipality Code 130386800000
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(A) GENERAL
Changes in Fund Equity
g~~dM1mr;W;I::::::::::::/:::::::::::::://(WBTIiBITEB]IDlBI/i:/iIi:::::i:::::/:::I:/f]II:/:II:::::::::::III:::::::::::::::::::::::///)//II"I:i:iI:::::::/~/:::III::{l[W[.ooW/ilbiII/:I~t////fd
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year
Prior Period Adj-Increase To Fund Equity
Prior Period Adj - Decrease In Fund Equity
Restated Fund Equity - Beg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity-End of Year
1,007,B74
3,563
2,297
1,009,140
2,400,743
2,502,838
907,045
AB021
A8012
A8015
AB022
907,045
AB029
907,045
2,599,559
2,756,151
750,453
.,
"
1,
.,
Page 10
OSC Municipality Code 130386800000
.,
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(A) GENERAL
Budget Summary
~mnm~.mn.. mmm..nm"TWITmm[]il~El ffE]rnmP.lj ~
: :<<.l~:Q@~"IMWin)n)1:n)::::n))1::)))}::))nnn)nnnnn:}}}:: 1::::e4r@@itd}}j~00l~r~t:((lIn::n:MiWfAAfiOOf::::::::::: :1t:n1tp.m~(#.M~fj((}11)\~l$.i:Mf.f~}::
Estimated Revenues And Other Sources
..,
1 ,216,883
55,000
o
36,000
o
265,200
5,100
147,000
o
1,000
o
518,742
o
::#.i#1f~~~~
o
o
o
o
o
o
o
o
o
o
o
o
o
o
o
o
... :1::::i:U'9
o
o
o
o
132,372
.............................
............................
1~t'3t2
............................................................................. .............................................1::111......I...:..II~~~~t~1
..
..,
Page 11
OSC Municipality Code 130386800000
1,324,037
55,000
o
21,000
o
211,390
4,600
147,000
o
1,000
o
663,000
.........................,......."..'....-..-..-','.
..........................2. '''4' ',2' . 7"027'
::::::::::::::::::::::::j::.:.:~::.:::.:.:.:::~.:.:.;.:::.::::
o
o
o
527,465
............................,...
................................
.................................5. '2" 7" '"46''' S....
. . . . . . . . . . . . . . . . . . .
.................. .
:;:;:::::::;::::::=;:;:;:;;;:;:;::-,.::,..:..:(..:...:..,::;
................................
mg;ij~~\M!~:
tt
.,
(A) GENERAL
.,
Budget Summary
~~Oi;i@tij)llQri{S{:'{{{{}:t}}: .......... ...
Appropriations And Other Uses
App - General Government Support
App - Education
App - Public Safety
App - Health
App - Transportation
App - Economic Assistance And Opportunity
App - Culture And Recreation
App - Home And Community Services
App - Employee Benefits
App - Debt Service
t9!A4..AeprBef~\9#~:::::,:,::::.o:"H::::::
Other Budgetary Purposes
App - Interfund Transfer
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
::::(IBT8J.~!\\JijjgmW~l(O}}H~fflj@:~t}}::llt}}:::l1mijiri!i&.irtttll}:'~~;~:}l
A1999B
A2999B
A3999B
A4999B
A5999B
A6999B
A7999B
A8999B
A9199B
A9899B
.........".........
....................
....,...............
. . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . .
A962B
A9999B
1,373,278
o
34,873
3,000
124,285
1,100
557,523
16,650
290,325
443,891
::::::::::i~m;!~~:
o
o
1 ,383,938
o
34,873
3,440
125,285
1,100
572,795
16,650
290,325
443,891
~;~1t;~J1:::)
.....................
.....................
105,000
-10,660
o
o
-440
-1,000
o
-15,272
o
o
o
H:::::,t~t.@tg::
o
-105,000
1,267,633
o
28,733
3,000
127,780
1,100
789,579
14,350
290,380
431,937
::::.~;~MA~~
o
o
..
..
Page 12
t,
OSC Municipality Code 130386800000
.,
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(B) GENERAL TOWN-OUTSIDE VG
Balance Sheet
~~lfl((((((:j:j~j(~:(:m:jImiI:m;:r}~:~):::(:):((((iJj::jj~j(:))))))))):\:~(:~~:~::::j~:~~~)):((:)):(:)))j:r??:m:(~~~f::)):~tQ.Ml8WEIl~::JM#iMlii:::HI)::)):::((~iM:(((((TI
Assets
Cash In Time Deposits
1,082,815 8201
394,483
Accounts Receivable
106,388 8380
59,580
Slate & Federal Receivables
234,476 8410
220,324
-
Due From Other Funds
240,046 8391
620,938
Prepaid Expenses
o 8480
o
'"
!,
.,
Page 13
OSC Municipality Code 130386800000
...
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(B) GENERAL TOWN-OUTSIDE VG
Balance Sheet
iQiilid$.@.UlP.Wffi(((:j:::j:=:)))))))))))))))))==j:j,,:,,)))))j(((=j((j:)))j('j'j:j:)))')'(((}
Liabilities And Fund Equity
Accounts Payable
)j=j,}j:j:':j,):,::'=j:j:): j:):=:'j=j=)j(Jkj=) 'j:))j ('$PlWJj(,j=j:j=====j'j:j=lI(:,:"g~i#.@.~=::m]r====j:j:)j'):)$91=))): ,: ,:, iI
.,
26,908
B600
38,722
Reserve For Encumbrances
7,990
B821
o
,.,
"
..
Page 14
OSC Municipality Code 130386800000
'"
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(B) GENERAL TOWN-OUTSIDE VG
0 B1001 0
B1120
B1170
....
B2070
B2110
B2115
B2130
B2401
148,034 B2590
35 B2665
B2680
:3~)}. ..
.....
4,821 B2701
B2770
B3001
B3389
7,918 B3820
..
Permits, Other
Sales of Equipment
Insurance Recoveries
...
. . . . . . . . . . . . . . . . . .
...................
.... .. ..
St Aid, State Revenue Sharing
St Aid, Other Aid For Public Safety
St Aid, Youth Programs
Interfund Transfers
..
r
Page 15
OSC Municipality Code 130386800000
"
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(B) GENERAL TOWN-OUTSIDE VG
Results of Operation
~QQ.Wbmilimill\iilf({:::'::::':':'):::;;;){))):\::::rr.\:;t)f:((:::::);;f)t:.;::.;::::::::.:.:((((((.:::::(\:)::):::')):r;)))ff)):"':"(?((::(::;:;;;fll(;;;:;)t:(~Ql;llt)ir;:;:;;;%)fSwelXlit:III:tf:)/):~t{):..:t)':1
Detail Expenditures And Other Uses
Fiscal Agent Fees, Contr Expend 1,105 B13804
Zoning, Pers Serv
Zoning, Equip & Cap Outlay
Zoning, Contr Expend
Personnel, Contr Expend
Engineer, Contr Expend
.,
Police, Pers Serv
Police, Equip & Cap Outlay
Police, Contr Expend
5,154
1,607
100,785
B31201
B31202
B31204
Fire, Pers Serv
Fire, Equip & Cap Outlay
Fire, Contr Expend
TOTAL Flrti ..
25,462
o
953
B34101
B341 02
B341 04
..
Planning, Pers Serv
14,069 B80201
18,3q3
r
Page 16
OSC Municipality Code 130386800000
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(B) GENERAL TOWN-OUTSIDE VG
Results of Operation
~QQ.in~~i:ISilJP.b)))f)=(((:))::))):::.(((:::.:=:;:==:'i=)}))):(::::::=:(((:':))))))))))))))))))):(}(((:::):=:::trll:::))):(::@.i>>:=:=:t(:r)lI(tgOOC.iXlii\::lW0TI[~j):(=))):=1
Detail Expenditures And Other Uses
Planning, Contr Expend 32,243 B80204
-
473
22,025
5,865
669
973
33,116
5,573
B90108
B90308
B90408
B90458
B90508
890558
890608
890898
Debt Principal, Serial Bonds
Debt Principal, Bond Anticipation Notes
135,500
25,000
B971 06
B97306
Debt Interest, Serial Bonds
Debt Interest, 80nd Anticipation Notes
897107
B97307
Transfers, Other Funds
Transfers, Capital Projects Fund
300,000
110,900
..
899019
B99509
585,000
..
Page 17
OSC Municipality Code 130386800000
1,
.,
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(B) GENERAL TOWN-OUTSIDE VG
Changes in Fund Equity
~itllfQl$.Mp.Mjt:)::)::))))))))::::::))::)))):tk):JttJJJ:)))){)IIiidJJJJ:{{{{{{I){{{){{{):J=::{){::{::{{IIJ:::{{::{::::~Ql:t)f::::{{HIIIs.@$.~~Im:II{:JJJJJ~f:J:)::::::{:j
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity - 8eginning of Year
Prior Period Adj-Increase To Fund Equity
Prior Period Adj - Decrease In Fund Equity
Restated Fund Equity - 8eg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity - End of Year
.,
..
II'
Page 18
2,035,809
73,015
85
2,108,739
1,735,608
1,821 ,097
2,023,250
88021
B8012
B8015
88022
2,023,250
o
778
2,022,472
1,457,513
1,814,411
1,665,574
88029
!t
OSC Municipality Code 130386800000
.,
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(B) GENERAL TOWN-OUTSIDE VG
Budget Summary
Pim~J~~f:!pMjt:rr::::::::trr:(((((::::::(mri((:::::::::::rrrrrrrr:(If$ip~lImr:::P.t@MI:~tr:(II'}}41.9.w.ffit$Qtr:(:II(((:Ni.1i.1N(~itii(\\II::rNl~ij:~
Estimated Revenues And Other Sources
..
Est Rev- Real Property Taxes B1049B 0
Est Rev - Real Property Tax Items B10998 0
Est Rev - Non Property Tax Items B11998 750,000
Est Rev - Departmental Income B1299B 54,000
EsT. ReV. - Intergovernmental Charges 823998 0
Est Rev - Use of Money And Property 824998 45,000
Est Rev - Licenses And Permits B2599B 55,000
Est Rev - Fines And Forfeitures B2649B 0
Est Rev - Sale of Prop And Comp For Loss 826998 0
Est Rev-Miscellaneous Local Sources B2799B 0
Est Rev-Interfund Revenues B28018 0
Est Rev-State Aid B30998 50,000
Est Rev - Federal Aid B4099B 0
t9IARA~p~9~ffiI.%ijf~#m;i~@~i::::::::::::::::/:::o::.:,:,::::::.:::::~M;!M:?::::
Estimated - Interfund Transfers B50318 25,000
Appropriated Reserve B5118 0
Obligations Authorized B530B 0
Estimated - Proceeds of Obligations B5799B 0
Appropriated Fund Balance B5998 363,489
'tQTALEiJllm8tfidOthe{$ources)< .. . ..388 41llJ..
T9t~qs~~im!~#~8.w~MMAn~giji~t.~~4~ri~~::.:..:::::::: ........... .::::::::::::!:lii:il~[~;i~ilji!lil
..
.
Page 19
o
o
750,000
54,000
o
45,000
80,000
o
o
o
o
50,000
...... ...::::m:!t~@~ij ...
25,000
o
o
o
956,479
...................
. ./MiiJ.tM
U:::M~~atj::.......
o
o
o
o
o
o
25,000
o
o
o
o
o
o
::~~~9AA:
o
o
o
o
592,990
!I~~~I
o
o
880,000
69,500
o
45,000
75,000
o
o
o
o
50,000
o
j;H~;M~
...............................
o
o
o
781,297
..............................
..................-.........-..
...........................7. .~.. .1. ...2. .S. .7...
............... ...
................ .
1!:j;jp~;!~t
~, t
OSC Municipality Code 130386800000
'"
(B) GENERAL TOWN-OUTSIDE VG
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
B1999B
B3999B
B4999B
B5999B
B6999B
B7999B
B8999B
B9199B
B9899B
181,200
278,149
o
26,000
3,000
172,042
261,152
89,855
331,091
::lwmp.m~@j~::\\jjlK&.I~~ij~~(::1
182,900
261,780
o
26,000
3,000
176,812
304,041
89,855
331,091
-1,700
16,369
o
o
o
-4,770
-42,889
o
o
161,500
339,330
o
28,000
3,000
192,142
288,971
101,400
286,454
Other Budgetary Purposes
App - Interfund Transfer
Budget Summary
pl~i1I.~t:lP.[~I[fmnTmm8;:::W;::8mu:m;nwm][:~~IJEQi@M(..~~1:...:.(I~f.m::~oot(
Appropriations And Other Uses
App - General Government Support
App - Public Safety
App - Health
App - Transportation
App-Economic Assistance And Opportunity
App - Culture And Recreation
App - Home And Community Services
App - Employee Benefits
App - Debt Service
B962B
B9999B
585,000
o
-585,000
500,000
.,
..
Page 20
it
OSC Municipality Code 130386800000
.,
TCVN OF Wappinger
AnnLi:l1 Update Document
For the Fiscal Year Ending 2001
(CD) SPECIAL GRANT
Balance Sheet
POO~:p~~1lli\(9Hg;EffiIF]ItRTIJI%\)\\\\\)\))\jI5IIIJIWJn:/\\:(t\\\\\\\\\\\\\\\:(m:/\\\\]roOO((?t\/:ltJi~:~P.@i@('1I\:(((((OOP.1\\\\::rn
Assets
Cash In Time Deposits
1,341 CD201
1,382
..
..
Page 21
OSC Municipality Code 130386800000
..
.
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(CD) SPECIAL GRANT
Balance Sheet
p'~~@iji~m:::(:)))))))):::??:m:m:mmmIWIJmTIW]w:wm:r:)):::::::??::?:::)))::::::m:)))f))))ffm[m]]!:)))):?:::f~$!W:?:))):::?:lk:?J#il:im!d4TI]1)):???t:)$PMi(::)):t@
Liabilities And Fund Equity
Retained Percentages, Cont Pay 1,210 CD605 1,210
..
.,
Page 22
OSC Municipality Code 130386800000
.,
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(CD) SPECIAL GRANT
Results of Operation
P'~,t$.~i#MpWh.WEWHn::::::::::):t():t:\\))r>)::/{)))):\:/):\:):}\\\:::)))):::m::::::):\\:))::::))::){it::::t\\::::)(t::ll:::\:::)))~OOi;tmi\::m::m1I){:~iiiP.$.&iif\::n/:::::::::::::\:200f\:)\iHtl
Detail Revenues And Other Sources
Community Development Income
o CD2170
o
Interest And Earnings
86 CD2401
41
Fed Aid, Community Development Act
57,420 CD4910
o
Interfund Transfers
28,547 CD5031
o
.
.,
Page 23
OSC Municipality Code 130386800000
..
...
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(CD) SPECIAL GRANT
Results of Operation
~.,~........~..~..-,................:.:.:.:.:.:.:.:.:.:.;. :.:.:.::.;.:-:-:.;.:.:-:.:.;.:.............:.;.......
~\&~p.;P.t:j\i::/;);: ...........:::;:;::::::;};;;;;;:;:,:"",:;:;;:;;:;;;:",
Detail Expenditures And Other Uses
Spec Proj For Elderly,equip & Cap Outiay
\ftttt:::trttttt:):trtttrttttt:;:::::t\(EITffiJWtit:::'\*.QQ(f;:;tttmniJi~ooe.QQi.rrltiLit:\~F:));:r;::1
57,350 CD86702
o
.,
..
~ ,
Page 24
OSC Municipality Code 130386800000
..
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(CD) SPECIAL GRANT
Changes in Fund Equity
~tl~liHp~Qi:WIDIfIII8TII@;;{]ff[mI)rnI;))))));;;;));)))))))}IMIDfJFiill8IDJillD0WDlb):;))))~~r;((((J[[~$~l.ill]f18EJa~{;mmIr1
ANAL YSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year
Restated Fund Equity - Beg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity-End of Year
-28,572 CD8021
-28,572 CD8022
86,053
57,350
131 CD8029
131
131
41
o
172
..
.,
Page 25
OSC Municipality Code 130386800000
."
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(DB) HIGHWAY-PART-TOWN
Balance Sheet
p.Ml:p.~ffiffi@:IIIFTIIIDIIDWmmill:fIImillWTIFJ]]T]l))i\:):\\:)))))))))))):\\~:\:):\::\Bill]I:::~::):::\:::\~.!@l1fJIIDNbi~~w.%iij@m::;;;::))J~~lln:)):~)m1
Assets
Cash In Time Deposits 397,960 DB201
Investments In Repurchase Agreements 57,913 OB451
Accounts Receivable 137 OB380
State & Federal Receivables 81,719 OB410
.. Due From Other Funds OB391
Prepaid Expenses 0 OB480
254,831
59,995
o
166
o
..
..
Page 26
OSC Municipality Code 130386800000
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(DB) HIGHWAY-PART-TOWN
Balance Sheet
----...--- -- [J]]%
:::(://t//}jttttt:j:{{j:::){{{{:{{{{{{{{{::{{{{{{{{){(t:{{{{)){:::)):H(t:{::)::::::::~/ttt:::{iql:{{ai#i.gi.M{rH::{{{)::)~ft:t)::):1
iL8q~P~L$@ri H::
Liabilities And Fund Equity
Accounts Payable
42,449 OB600
16,055
Accrued Liabilities
23,772 OB601
11,736
Retained Percentages, Cant Pay
o OB605
o
..
Reserve For Encumbrances
26,044 OB821
o
..
..
Page 27
OSC Municipality Code 130386800000
.
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(08) HIGHWAY-PART-TOWN
Results of Operation
~~im.ii.tiPB::::: .......... .. ...... .. ::::{{{{it:::{{:tt:{){{::::::{{){:::tttttt:{{{::::{{{{{{))){:tttll{{{:))$i~*f{{{{{:lt::::t~QP.$.OOi.ttlri/: ::$6i))){{{j
Detail Revenues And Other Sources
Real Property Taxes
1,469,000 081001
1,417,142
Transportation Services, Other Govts
1,398 082300
4,375
Interest And Earnings
51,010 082401
27,970
.
Sales of Equip:llent
Insurance Recoveries
T9!Ab:?~!~:.?fefmm~xA~~.9?mg~h~#:#9~:fMhR~~:
Refunes of Prior Year's Expenditures
Unclassified (specify)
.... ......................
... '.' ................
...... ..................
"'" ....................
......... ........... ....
..... . ..............
.... ........ ........
..... . ...............
..........................
......... ..............
.......... ...............
...................................................
1,546 082665
1,711 082680
:.:..:::::..::::::~;~~W:::::..:.::....
32,036 082701
o 082770
o
4,182
~j~g
1,830
o
St Aid, Consolidated Highway Aid
St Aid, Suburban Hwy Improv Pro
103,770
42,839
083501
083502
103,744
o
Interfund Transfers
312,000
085031
597,000
.
I.
.
Page 28
OSC Municipality Code 130386800000
.
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(DB) HIGHWAY-PART-TOWN
Results of Operation
1$.99~P~~~f:i~~iID)/):\:):}}}:))//))//:\:(:((:\\))::)\\)::::::m(:/:'/\\j\\\\'(\\:::\':::::':\{:"\:'/\::::j:\(:'::":'/:::(\:::::::\::::::II::::::::mj:::\:':~j::":":'':'://lk\J#me~~t:\W\::::::\}\~lIJBI
Detail Expenditures And Other Uses
Maint of Streets, Pers Serv
Maint of Streets, Contr Expend
666,406
392,146
OB51101
OB51104
682,853
747,041
Perm Improve Highway, Equip & Cap Outlay 110,845 OB51122
Machinery, Pers Serv 34,980 OB51301
Machinery, EquIp & Cap Outlay 2,931 OB51302
Machinery, Contr Expend 65,168 OB51304
.
Brush And Weeds, Pers Serv 11,140 OB51401 12,269
Brush And Weeds, Contr Expend 8,590 OB51404 10,925
Snow Removal, Pers Serv 70,170 OB51421 67,716
Snow Removal, Contr Expend 177,459 OB51424 211,104
State Retirement, Empl Bnfts
Social Security, Empl Bnrts
Worker's Compensation, Empl Bnfts
Life Insurance, Empl Bnrts
Disability Insurance, Empl Bnrts
Hospital & Medical (dental) Ins, Empl Bnrt
1,124
59,759
58,049
2,114
969
128,058
OB90108
OB90308
OB90408
OB90458
OB90558
OB90608
4,975
61,623
45,861
2,084
762
144,290
Debt Principal, Serial Bonds
Debt Principal, Bond Anticipation Notes
10,200
59,991
10,200
123,000
OB97106
OB97306
Debt Interest, Serial Bonds
Debt Interest, Bond Anticipation Notes
1,607
14,986
.
OB97107
DB97307
964
22,969
Page 29
OSC Municipality Code 130386800000
.
.
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(DB) HIGHWAY-PART-TOWN
Changes in Fund Equity
PD."$.#.WWiim2b.1BBS@JIIITIEillFJb::::)))))f)))))))fitt:f::ff::ff:'f)ff::t::::)f)f)))::)::))))f)::lItt::'::::))]tQ.~::tIt::I::::II))l1li$'#m.M):II))))))~t))Ct)l
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity - Beginning of Year
Prior Period AdJ.- Increase In Fund Equity
Prior Period Adj - Decrease In Fund Equity
Restated Fund Equity - Beg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity - End of Year
313,380
7,176
o
320,556
2,015,310
1 ,876,692
459,174
OB8021
DB8012
088015
OB8022
459,174
12,334
4
471,504
2,156,243
2,340,702
287,045
OB8029
.
.
Page 30
OSC Municipality Code 130386800000
.
.
(DB) HIGHWAY-PART-TOWN
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
Budget Summary
p~~~!p~;jlW::ttt:titttt:ttt:Fttiiitt}}itiittt:ii}ttt:l.p$}lJ.t:JI}P'f:ilij&.iI'$.l(Wt:tllittJ~illffiif~mWttjlttttP~~iii&i~fitttll\ii$jjiiW~.~lr,;rt:1
Estimated Revenues And Other Sources
Est Rev - Real Property Taxes
Est Rev - Real Property Tax Items
Est Rev - Non Property Tax Items
Est Rev - Departmental Income
EsT. ReV. - Intergovernmental Charges
Est Rev - Use of Money And Property
Est Rev - Licenses And Permits
Est Rev - Fines And Forfeitures
Est Rev - Sale of Prop And Comp For Loss
Est Rev - Miscellaneous Local Sources
Est Rev - interfund Revenues
Est Rev - State Aid
Est Rev - Federal Aid
.
OB1049B 1,417,142 1,417,142 0 1,327,000
OB1099B 0 0 0 0
OBl199B 0 0 0 0
OB1299B 0 0 0 0
OB2399B 4,000 4,000 0 4,000
OB2499B 31,000 31,000 0 31,000
OB2599B 0 0 0 0
OB2649B 0 0 0 0
OB2699B 0 0 0 0
OB2799B 0 0 0 0
OB2801 B 0 0 0 0
OB3099B 0 103,749 103,749 0
OB4099B 0 0 0
Estimated - IntertJnd Transfer OB5031 B 12,000
Appropriated OB511 B 0
Obligations Authorized OB530B 0
Estimated - Proceeds of Obligations OB5799B 0
Appropriated Fund Balance OB599B 220,000
..............-............................................................................ .........................................
...."".........-..................................................-..........-............ .. ....................................... .................
TnT. . A. . (/e"'t.i. .m..""''''d... ..n.i<e...S..xu....r..c...es.......................,.................................. ................................................................................... .............no
:::.:t:::::~:::::::::::::s::::::::::::'m:::::::*~~~:::::~~:~::::::r::::::::;:::::::::::::~::;:::;;:::::::::~:~:~:::~:;:~:~:~:~:~:~:;:~:::~:::~:::~:~:::::::::;:::;:;:;:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::..,i:iiif~!!;;:;;
T()tf.qg*(im#t~~..8#y~i1~~~41'J(j..qtti~r$~l!f;~~~. ..<::::~~~~~@i~
.
.
597,000
o
o
o
246,044
.........................................
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.............................................8.. 4....~. ...~..44.. ...........
...................... . ....
::~:~:~:~:~:~~::~:::::~:~:~:~:~:~:~:~:::::~:~:::::::::::::~:::::::::::::::::::~:
~;M!~~~~)
585,000
o
o
o
26,044
..................,...........
................ ,..........
...........................6. ..1"1. ."0. .44. .....
.............. . -.
:):..)/i\
?........n~~1~
538,500
o
o
o
247,544
..............................,..
............."...".,....-..,.
................................7. .~.. 6. ....0. .44... '.
................. . -,
................. . .
:~:;:;:~:; :;:;:~ ::: ::;:~:::;:~ :~:;:::: :::::::::~ ::::::: ::::: ::~
.............):.....~m~.~;ll#.
j,
Page 31
OSC Municipality Code 130386800000
."
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(08) HIGHWAY-PART-TOWN
8udget Summary
P.@ifPj@@!\*t~~))))))))))i\})))))))))))))))))iWJim.M$\~1I\\J;mgjhW?imt\\II)))M@ltAAj::~t\:i=jI\@)):!::mfij(~@iM)))JI)\MQOO~\i~~:::::~1
Appropriations And other Uses
App - Transportation
App - Home And Community Services
App - Employee Benefits
App - Debt Service
0859998
0889998
0891998
0898998
1,233,408
o
288,670
162,064
1,948,201
o
288,670
162,064
-714,793
o
o
o
1,646,902
o
290,100
211,042
Other Budgetary Purposes
Interfund Transfers
089628
0899998
o
o
o
o
o
o
'"
.,
Page 32
OSC Municipality Code 130386800000
""
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
Balance Sheet
1Q@~)5.mH1W;~W0mNIBIT]TI:I\;Tjffi:rm;niBrli///:::::m:{m:m:m:m:;:;:;::):::::m:m:m:m:m:m:m:m:m:m:m:m:m:m:m:m:;:;:;:;:;::m:;:m:i{//::II::::::m:;:m:m:m:~{TITImimr~m;mrF~1TI:mN]]
..
..
Page 33
..
II!I'
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
Balance Sheet
~1.'iNFW~~l3IWmmrmTJETIEI8Im::}}}::}::::))}}))))))))))))))):)))))))}))'t:::::::::)):H:::)))):tt:~Q:::::::):::::::::':::'m::::t:g~iii@:#~titll::::tL:)))~~t){ITITI]
.,
'"
Page 34
.,
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
Results of Operation
1$.Q#~PM9#M&fn::
....... ......... "". ,......
:::::::::~:~:~:t:::::::::::::::::::{:~:~:~:~:r~:~ ;.: :'". ",. .:-:':::::::"::::;:
......................................
::/::=:=::):/::tll){:::::::/::~::::::::::=:=::{:m:::::::::~aP.$.@i::::=:=:H=:=:=:=:=:=:=:=::::::$Qf:::::n)1
.
..
~ I
Page 35
..
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
Results of Operation
~:fJ~OOllf(ij"l19.RWFt:::\:((::::r:\\:::)})::r::::::,:::ttt"::::t::i(():/::ir'ttttttt:,::::'::ttttf,:::t:::,::'(::((::':(('::::fff:(:t::://:W:ffft:::Wlil~ftttm:m:I!:tt~ai#~Qair::tllttttf::i@Q.(ff:::":'\d
.,
..
\.
Page 36
..
.,
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(FX) WATER
Changes in Fund Equity
~~l!.$@aijAADnI8I8Bm?TIBmIWIIf:::}:m:m@:m:m:m:::{:t:m:m:m:m:m:m:m:m:m:m:{{::::m:m(:m:m:m:{::m:m(((:r{::m(:t{i:Ilrn:wmr~Mt::::m:m::::::(:W:I::~iig.\:ml:::::::(mi(\::~<<m::::){rr{l
ANAL YSIS OF CHANGES IN FUND EQUITY
Fund Equity - Beginning of Year
Restated Fund Equity - Beg of Year
Fund Equity - End of Year
FXB021
o FXB022
o FXB029
o
o
..
..
Page 37
OSC Municipality Code 130386800000
""
..
TOV"N OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
Budget Summary
~~IP$~ftP~lffilITTIT8ITIf01Tm;;mlrt'\\\:'::::\)@!Il.%lpQl:lijjr::I~AAT~1TIl[::m::::M&.ll.t.AA:f~f:::::m:m:)i\tp.lfflW~@i::))):jl}\M~@~ill
.,
.,
'I
,/
Page 38
.,
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
Balance Sheet
~~~1p.1Ws1jp~@Jr'=='~':~~"m'="~~:'::8:::)));:)))il~~::~:{~:{{{{:;:;:{:))))))))))))))):t:{HmWl~Ql1t)))i{~~~m{g,~p'Wijj):llTTIJITgQ.l1W))):1
..
.,
"
Page 39
.
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
Balance Sheet
IQ1iIfifp#.$~tjW)ifIJrITJJ2TIf:\)):\:)):\:::))))))::::::::::\\:))::)))))))))))))))::)):::)))))):{::{:))::%))):::::::{:)~:::)))))):@))ltiji$l',i~):{mITmTII:~:::)n:;:m
..
.
I,
.
Page 40
.,
Results of Operation
~ffiiliHp.tlijf))m
",
."
",
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
:j//j:::::=i(=i:)))::j:)):::::::j:::))))))))))::()))):::(=i=iJ::::(((::::(t:(:))j:){({:(:jlt:{iJ:(f~:{:(((tH{:(~aP.$.Pai.:{ii!(::(:{{{$(jj{{{){j:j
"
\-,
Page 41
."
Results of Operation
~~~@pMf(:)\ ....
.,
.,
."
.... .... ..: ::. ;:::::/rrrr))1
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
::::\:::,:r:::,/,(,r:':::':,:\\\\'rrr/rrrrrrrrrrr:\::::r/r:\'II\::::\\\::~:\\::~:\:]!'rr~oo$.iili\\\'11\\\\\:'::OOQ.h::::::::::r"/:1
"
Page 42
."
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(G) SEWER
Changes in Fund Equity
r;Qi;j~:p~F.flP.MPJ;r@mm?:JfN@W:\:H::::::HHHi@\:HHH::HHi{:HHi/:HHH::::::HH://::////:HfHHHHHH?millIlmTIfm::/:::::://:f~Q.~tH:::::///::HII~~~IJ!::::/:HHHi~L:HHHHiJ
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity - Beginning of Year
Restated Fund Equity - Beg of Year
Fund Equity - End of Year
GB021
o GB022
o GB029
o
o
..
.,
.,
"
Page 43
OSC Municipality Code 130386800000
."
.,
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
Budget Summary
pBda:]escHntiQfi'::':"\}~{m(/'))i~(~}~:;:::;@}:::::~@?]::}~~){~~~:i:~:W?~p,~:)II(/~~ot@f:iat2.l:i.O:.I~??mMi@l@d.ii~1::~~:\H[I:~!~::J;)~r#rn~E(\\:::]~~tAd.di2Q02~(j
..........................".....................................................................'............,............................. ........ .............. ......'..... ........................ ...................................... ....................................... ........... ....................,'
'"
'"
"
Page 44
'"
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(H) CAPITAL PROJECTS
Balance Sheet
~ti~lP.w#::::://}///}j(/:;:}}}::::::::::j:m::}}j:fffffffff::ffftj:::j:fj((')f/'((/:j(((('}):(((:}j(((((::::::t':::dlt))))}~(:tffffll::(stii$.9.$.tJIIDRRT'.:'li.ttRiliJ@
Assets
Cash In Time Deposits 1,355,473 H201 2,885,007
Cash Fiscal Agent 3,810,754 H223 2,203,102
Investments In Securities 195,471 H450 174,278
Accounts Receivable 2,204 H380 721
State & Federal Receivables 27,500 H410 641,646
'"
Due From Other Funds 188,495 H391 13,425
Due From Other Governments 807,983 H440 36,374
'"
I,
Page 45
OSC Municipality Code 130386800000
.,
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(H) CAPITAL PROJECTS
Balance Sheet
19&1epestt:~tlon.::(:/://:://:::t:////i@::n/:ttw//////////:ttt:///////////?/////?///???:t:/:tttmt:?:ttt:?$lij~F{i(:??::?lIW/::l~~/?:!li((:?iW/?~t???::??:::i
Liabilities And Fund Equity
Accounts Payable 329,241 H600 450,950
-
Unreserved Fund Balance Unappropriated
3,234.435
H911
-2,501,080
.,
"I,
Page 46
OSC Municipality Code 130386800000
1111
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(H) CAPITAL PROJECTS
Results of Operation
Pit!.l\'t~i*f:i?ijp.iH/::i))i/)::/:"::)):/Q::dd:::\:t'f\:'f::f:::::::/:::r::::,//:::f)Jf:ii?:)f,::::::::::::::::i:::::::::::::::t::/:'{:)):/:::::::,:::ffff:::tdWtf:t:::::::~:f:t:fi)IH:f:~Qi$@iF:::::m::t:ff\':~M::::::rr:::):l
Detail Revenues And Other Sources
Interest And Earnings 85,031 H2401 137,774
Premium & Accrued Interest On Obligations H2710 6
Unclassified (specify) 0 H2770 13,425
ST. Aid Multi-Modal TransP. Program 52,330 H3505 58,219
St Aid, Natural Resources Cap Pro] 0 H3997 0
... Fed Aid, Sewer Cap Proj 241,343 H4990 0
Interfund Transfers 180,900 H5031 105,000
Serial Bonds 2,085,000 H5710 0
Statutory Installment Bonds 160,000 H5720 0
Bond Anticipation Notes 2,680,454 H5730 2,476,671
Bans Redeemed From Appropriations 755,991 H5731 373,000
II'
u
Page 47
OSC Municipality Code 130386800000
II'
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(H) CAPITAL PROJECTS
.,
Transfers, Other Funds
817,155 H99019
455,837
"
"
II'
Page 48
OSC Municipality Code 130386800000
'"
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(H) CAPITAL PROJECTS
Changes in Fund Equity
~~@jQh\\\::::r::rrrr:::::rrr:\rr\mm;m:rrr\:::\::\\\t\\\:r:\\ir:::\:::r::rr:\\::\\::::\\:rrrr::r}mITf]!::\\ir:\i~lm~r:\:rr::::r:m:::m~il$.~~llH:::\\::\\\OOQt:rrr:\:rl
ANAL YSIS OF CHANGES IN FUND EQUITY
Fund Equity - Beginning of Year
Prior Period AdJ.- Increase In Fund Equity
Prior Period Adj - Decrease In Fund Equity
Restated Fund Equity - Beg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity - End of Year
1,633,288
4,189
o
1,637,477
6,241,049
4,644,091
3,234.435
H8021
H8012
H8015
H8022
3,234,435
H8029
3,234,435
3,164,095
8,899,610
-2,501,080
..
.
,
~ J
Page 49
OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(K) GENERAL FIXED ASSETS
Balance Sheet
~~fP~illill9lEm:ITDJ]II:W:;PIJm]::;:Y:i::::::::::::(:///////f:((:/im:5m5;IIfIiWpm;PWWP01I;:;:/;:/j((:@111lt:/f///::!I:;(gijm%.$.tdBJTIIT~l1ITTm
Assets
Land
Buildings
Improvements Other Than Buildings
Machinery & Equipment
6,549,550 K101
7,191,697 K102
2,892,058 K103
3,481,941 K104
6,549,550
7,288,849
2,892,058
3,713,765
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OSC Municipality Code 130386800000
II'
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TOWN OF WapfilUer
Annual Update Do,;urnent
For the Fiscal Year Ending 2001
(K) GENERAL FIXED ASSETS
Balance Sheet
~~1f~BI!OOQ&:TIfnmTI:::):.:::::::::FmTmI:
Liabilities And Fund Equity
Invest General Fxd Assets-Other
.:.:.:.:.:.;.:.:.;.;.:.:.:.:.:.:.:.:.:.:.:.:.;.
........................
... ))::))i{:::::::):{{:::::):::::::))))))): [:;;::r: j1m! ::)i{:::r{:::~OO(f)))))):dl::::::g~~{{llrnr) )\~~f:::1TfRJ
20,115,246
K158
20,444,222
..
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OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SL) LIGHTING
Balance Sheet
~lI$~fflMimJTm%IilllillTIm::::m;::nJt(:,:F::::::::=:):(((::::::(=:=::::::)}))))))):(===:=:'::))))))))))))j((j:::::j=::)){JlJt(:::)j:j:~((:j.[$f~[TImIJ~10T;;mm
Assets
Cash In Time Deposits
7,896 SL201
9,271
.,
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OSC Municipality Code 130386800000
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TOV'~ )F Wap:,inger
Annual Update Document
For the Fiscal Year Ending 2001
(SL) LIGHTING
Balance Sheet
~iH;&iMp.MH(:))::::))))IRnmmmrTmnn:))(:;:::):::.:@Im::::)):)))))))))))):.::;::({]1G))::::::H::.::;:::;:::;:::;:::;:::;:::~Q.:)))i:;:::::::)IW)Jt~#@mir)HrnmIT:::;::2001::):)J
Liabilities And Fund Equity
Accounts Payable 2,141 SL600 2,167
Unreserved Fund Balance Appropriated
3,250 SL910
2,275
..
.,
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OSC Municipality Code 130386800000
'"
II'
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SL) LIGHTING
Results of Operation
p'Q.Q~:p'ijl~iM.il.ijP.B)):(( ............ .::::::):::t:i((:)::)))))))))){)):::::((:::::::::::::::::::::::::::((:::::))::::::::::::::::::::)/::)){nmJII3f~W:):l!Ia.P.$.&.ai~):tlki(i)&OOf(((:{)1
Detail Revenues And Other Sources
Real Property Taxes
24,543 SL1001
24,163
906 SL2401
686
Interest And Earnings
..
..
~ I
Page 54
OSC Municipality Code 130386800000
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TOWN OF Wapping,;r
Annual Update Document
For the Fiscal Year Ending 2001
(SL) LIGHTING
Results of Operation
i$.iiliijO~i~iMmJi,#it)(/:t~:t\i((r:::):t:r:{{:tU((((~{{{{{{:(t{t:::{{~(::((~::{::{:((::::::(t:::~t:{{~~::::{\\\:~)u2TI1i)ittt@i>>):(tttjk:::a~ooc.iil~:~::tlltt:{))&<<W\iqr::~~1
Detail Expenditures And Other Uses
Street Lighting, Contr Expend 25,570 SL51824 23,502
..
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OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SL) LIGHTING
Changes in Fund Equity
p.9if~]Q~Hp.1ffiB.Yf?I%?mWTJTEmrm::Y{It::::::::tttttiI::::t:::t:r:t:)))t\::::::::):I::::t)))))))tt:ISnJBIW%IW~l%8rn[[~Q&i..WFT::~qfEWr;Wl
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity - Beginning of Year
Restated Fund Equity - Beg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity - End of Year
."
.,
.,
Page 56
5,878
5,878
25,449
25,570
5,757
SL8021
SL8022
5,757
5,757
24,849
23,502
7,104
SL8029
OSC Municipality Code 130386800000
.
TOWN OF Wapp:ngcr
Annual Update Document
For the Fiscal Year Ending 2001
(SM) MISCELLANEOUS
Balance Sheet
p;XW~1lP.@'im:%mrmTRI3IHEtEm::!:!:::)))))))))))j((((((:)))))=(((!\(:))))))j6:@El::BWRI=::!:ZIDl1t!:jj:t:=j:=:):=II:):iijiiMAAPJli())))~I:illillTI1
Assets
Cash In Time Deposits
42,947 SM201
45,216
Investments In Securities
3,182 SM450
o
Accounts Receivab:e
8 SM380
3
."
.,
{I
Page 57
OSC Municipality Code 130386800000
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TOWN OF Wappl1LJr
Annual Update Document
For the Fiscal Year Ending 2001
(SM) MISCELLANEOUS
Balance Sheet
~~~B.\\\\I~\::::/:\\:;;w:r:~~::::::::\:::::\\)::::::::~::::\)\)))))))))))))))))))))))):n-:q:lliillk))))::::::::~)))))))llTI$.i.~mITTITI~HE[HTI]
Liabilities And fund Equity
Unreserved Fund Balance Appropriated SM910 1,700
..
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OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SM) MISCELLANEOUS
Results of Operation
- - -- -~- ._._-~---~..~~
!<[Q9~pi~f.m@!!:.m::TIm.::t::t:::)) :::::::}:::::::::::::"':::; '.. ...... ......". .
Detail Revenues And Other Sources
Real Property Taxes
.. ....:
............. ....
:.:.:.:.:.:.:.:.:.:.:.:.:.:..........,.....
))rnl)i\\\)i~o{:\{{II))~aP$.&.llf\l t )))4~1:{\:n
226,700 SM1001
226,200
38 SM1081
37
Other Payme;lts in Lieu of Taxes
7,641 SM2401
4,769
Interest And Earnings
.,
.,
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OSC Municipality Code 130386800000
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TOWN OF Wa;Jpinger
Annual Update Document
For the Fiscal Year Ending 2001
(SM) MISCELLANEOUS
Results of Operation
~Q.~~f,r~~.9!l~:r~::r::;)::~::tJ::~r:::::rrt:I?:;:~)){?;:~~~~::::::rrrr~rr)~::::~:~::t:m}?r~?)r::~:::~~~::::::r:::::;~;~;:mr\:)))\~~:r::rrt{:::rr::CII:;::::~:~::m):;:;~~'t)))i\]riir~M~\~\;@)mli\\riti:i@m;jhi:)i:iEm
Detail Expenditures And other Uses
Judgement And Claims, Conlr Expend
780 SM19304
224
231,700 SM45404
231,700
Ambulance, Contr Expend
.,
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Page 60
OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SM) MISCELLANEOUS
Changes in Fund Equity
p~~f~mm8m:::ngg:(((::{:;[;IIE:(@J}I:fm:::)::)(::@\:
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity - Beginning of Year
Restated Fund Equity - Beg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity - End of Year
or
..
-
... )gImmJ][ill@][:?9.00:f0TIJFillf.~i:f:lw;mD~F ))(1
Page 61
44,238 SM8021
44,238 SM8022
234,379
232,480
46,137 SM8029
46,137
46,137
231,006
231,924
45,219
OSC Municipality Code 130386800000
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(55) 5EWER
Balance 5heet
p@[pi'iiMpij?Ri:murmmmmIJ,/:I?IIIffiIIDImII7IIIw:TWIJ7mBBWRTii:i:WnmmIWm::::)::::)}~Q~ig)))m\dl:=:::~{lp.ml@:::lf:::=::=)))m~1))>=1
Assets
Cash In Time Deposits 1 ,215,046 55201
Investments In 5ecurities 413,271 55450
5ewer Rents Receivable 350,599 55360
Accounts Receivable 742 55380
Due From Other Funds 85,216 55391
..
1,644,910
346,113
2,118
2,525
...
Page 62
OSC Municipality Code 130386800000
c.
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SS) SEWER
Balance Sheet
P.<<W~({tjm\JTImmmmrnwTnnmrm.;G}:ffffffff:(:::::::::::fffffff::((::(::::({:::::::((?ff:::((f:::f::(lkffff::~OOijrrn;mm~lIE]]lfL:::(:::~~~m::<millill
Liabilities And Fund Equity
Due To Other Funds 20,000 SS630 110,525
281,735 SS910
693,174
Unreserved Fund Balance Appropriated
..
."
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OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SS) SEWER
Results of Operation
~T_dHpd9i8J7:8wmTIEf;Ffrnmm;E}))))):(:))::ml:(((
Detail Revenues And Other Sources
Real Property Taxes
.................
":':':':':':':':':':':':':':':':',
.................
.................
::i'?');r:ll)):::):~JJJmWt;~aP$.&lif)d[)..~1;(::1
'........,..',...
1,534,024 SS1001
1,282,247
Sewer Rents
Interest & Penalties On Sewer Accts
Water Service Charges
Interest And Earnings
537,522 SS2401
440,791
..
Interfund Transfers
259,331 SS5031
343,837
..
Page 64
OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(55) SEWER
Results of Operation
~~~ -- ......,-...,..,...,..-~~.-......
RPiiWtl~~rl.il.ijW:i::)){ ....: ::.:::::.::.::..
Detail Expenditures And Other Uses
Judgements And Claims, Contr Expend
..' ......... ....
..................................
.................................
...............................
.............................
....................................................
. . . . . . . . . . . . . . . . . . . .
.... ....................
....:?(::r:II:\?:?:::~~lWIffiIJ~p.~I(t:::::::::$Q1)(( :::\1
SS19304
914
14,408
23,707
SS81101
SS81104
14,927
21,184
Sewer Administration, Pers Serv
Sewer Administration, Contr Expend
145,615
SS81204
128,800
Sanitary Sewers, Contr Expend
.,
Social Security, Empl Bnfts
Other Employee Benefits (spec)
894
208
SS90308
SS90898
1,141
o
Debt Principal, Serial Bonds
Debt Principal, Bond Anticipation Notes
980,525
145,000
SS97106
SS97306
1,000,525
258,000
898,031
39,380
SS97107
SS97307
843,252
44,790
Debt Interest, Serial Bonds
Debt Interest, Bond Anticipation Notes
.
Page 65
OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(55) SEWER
Changes in Fund Equity
P&il:'Q$Wi\@imi8::::::::::::::FF,:,::::::.t@TW':::[:[':D]illIE88mwFDIBiEF.WIW$f@;;T@wmwsmml::':::::::::::::::'::::::~1MDTI~~H][7JWF[OQ.D]]TI]
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year
Restated Fund Equity - Beg of Year
ADD - REVENUES AND OTHER SOUR, CS
DEDUCT - EXPENDITURES AND OTH;.{ USES
Fund Equity-End of Year
1,702,146 SS8021
1,702,146 558022
3,381,375
3,038,647
2,044,874 558029
2,044,874
2,044,874
3,123,426
3,127,008
2,041,292
-
-
Page 66
OSC Municipality Code 130386800000
.,
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SS) SEWER
Budget Summary
p.@Wp.iWifiiP.ij%mmmTI8W]]Enn@;::mF@llin;:::::~:::::::~:~m.p~]IWf._AAT~_m4:$.wTf&jl~wrnl~:~~:::::[::::::Qm~r#.~][:AWiRMjl:~~:::::~:1
Estimated Revenues And Other Sources
Est Rev - Real Property Taxes 5S1049B 1,282,247 1 ,282,247 0 2,048,896
Est Rev - Real Property Tax Items S51099B 0 0 0 0
Est Rev - Departmental Income 551299B 1,001,745 1,002,245 500 1,061,719
Est Rev-Intergovernmental Charges 552399B 0 0 0 0
Est Rev - Use of Money And Property 552499B 424,775 426,000 1,225 505,525
Est Rev - Sale of Prop And Comp For Loss 552699B 0 0 0 0
Est Rev-Miscellaneous Local Sources 552799B 0 0 0 0
Est Rev - Interfund Revenues 552801 B 0 0 0 0
- Est Rev - 5tate Aid 553099B 0 0 0 0
Est Rev - Federal Aid 554099B 0 0 0 0
Estimated - Interfund Transfer 555031 B 150,000 150,000 0 100,000
Appropriated Reserve 55511B 0 0 0 0
Obligations Authorized 55530B 0 0 0 0
Estimated Proceeds of Obligations 555799B 0 0 0 0
Appropriated Fund Balance 55599B 281 ,735 281 ,735 0 693,174
.,
Page 67
OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SS) SEWER
Budget Summary
p.7iiif~i$!iWW8WITI8E;W:::]ill?~Imm;tr~..::i.:'~.:'::':']w~]mIo.H9JMf@Q~::::::?1~~~W]]t:::~~.:......:p.&~r~~:~:~:::~~::~]r:r:~w.;~Im
Appropriations And other Uses
App - General Government Support
App - Home And Community Services
App-Employee Benefits
App - Debt Service
SS19998
SS8999B
SS9199B
SS9899B
o
1,080,718
1,212
2,058,572
1,225
1,081,218
1,212
2,058,572
-1,225
-500
o
o
o
1,082,615
1,217
3,325,482
Budgetary Provision For Other Uses
App - Interfund Transfer
SS962B
SS9999B
o
o
o
o
o
o
...
...
Page 68
OSC Municipality Code 130386800000
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TOVW~ OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SW) WATER
Balance Sheet
"&.lit:;P~WmMWiWII\}}}}(}}
Assets
Cash In Time Deposits
):}:m:F:p)))))))):::::::}},::::::(:):}:::::::))}))))::::::)))))):(::((@m:::'::)):}}:)HEfITW~.tlQl~g){::)))II:):!~p.mi~j;KmH))))mJ:~F:::)::t:))1
141,239 SW201
198,823
10,977
SW450
10,647
Investments In Securities
Water Rents Receivable
Accounts Receivable
196,182
144
SW350
SW380
208,817
21
Due From Other Funds
10,000
SW391
400
..
..,
Page 69
OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SW) WATER
Balance Sheet
p.&.i~ll@EHp.[@nillTmInFIgillm:mITmrRrp}))))))))))))))::::))))))i((I:):())::::::::::::::)::):(((IlmmrrT~oowffID]]~~mmTIITt:$Qt:(((:::(]
Liabilities And Fund Equity
Accounts Payable 16,722 SW600 12,430
Unreserved Fund Balance Unappropriated
304,422 SW911
368,320
..
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Page 70
OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For tho Fiscal Year Ending 2001
(SW) WATER
Results of Operation
iQQd6'biiliili#i~&r H H H :::.::::::::;:t:MMMM::{{{):\iM::::::::(:::::::}}}}:::::::::::::dU.{:::M::{f{{::{{{{{{{{{{){)):MIIillIillEW9.Q0TITI1l:M(~!;lP$Wifm!(())::~OOf:H(:)1
Detail Revenues And Other Sources
Real Property Taxes 262,549 SW1001 238,159
Metered Water Sales 508,988 SW2140 555,199
Unmetered Water Sales 93,161 SW2142 62,829
Water Service Charges 275 SW2144 1,825
Interest & Penalties On Water Rents 8,077 SW2148 8,082
Interest And Earnings 20,893 SW2401 18,762
..
Sales of Equipment 1,100 SW2665 1,600
Refunds of Prior Year's Expenditures 8,471 SW2701 12
Interfund Transfers
227,601 SW5031
75,000
...
Page 71
OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SW) WATER
Results of Operation
WAAM1M9.r~W(i::::::::t=)'{=):t{\:::::\:::m:t::mm::::m:::::::m)i:t:::=:=:i:::t::::t:=:i:,:::::::::m:::t::':::m:t::t:=::::::::tt::m:m:::::m:::,t:::{fir'\,:::fff{,'f\\rIIillJ'=':~W>>:::::::i'r:=:'mkf::SOO$.iitii):m:lriii(i~t(::::::f:{d
Detail Expenditures And Other Uses
Judgements And Claims, Contr Expend SW19304 103
Water Administration, Pers Serv 24,848 SW83101 28,196
Water Administration, Contr Expend 27,981 SW83104 22,452
Source Supply Pwr & Pump, Contr Expend 537,557 SW83204 551,418
-
Social Security, Empl Bnfts 1,714 SW90308 2,120
Worker's Compensation, Empl Bnfls 416 SW90408 464
Other Employee Benefits (spec) 401 SW90898
Debt Principal, Serial Bonds
Debt Principal, Bond Anticipation Notes
183,350 SW97106
211,000 SW97306
183,350
20,000
Debt Interest, Serial Bonds
Debt Interest, Bond Anticipation Notes
87,214 SW97107
7,553 SW97307
76,914
23,450
-
Page 72
OSC Municipality Code 130386800000
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SW) WATER
Changes in Fund Equity
~~tIP.Mh'(:t}ttntii{}~}}~);t}ti(t:}ttil}tttt~~t:tttjrmI:}}:t~t:::t(~t}::}::}}t}}}}ittt:}}}}}}I.}~:}~::~:}}:tt::::m:~:}~~~t:J1(::t}:tt~.I*-ff0IDIm
ANAL YSIS OF CHANGES IN FUND EQUITY
Fund Equity-Begiiming of Year
Prior Period Adj-Increase To Fund Equity
Prior Period Adj - Decrease In Fund Equity
Restated Fund Equity - Beg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity-End of Year
280,716 SW8021
23 SW8012
o SW8015
280,739 SW8022
1,131,115
1 ,082,034
329,820 SW8029
329,820
329,820
961,468
908,467
382,821
-
-
\/
Page 73
OSC Municipality Code 130386800000
-
.
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SW) WATER
Budget Summary
p'gi~W~iPl[6i:mIEItIm:EE:WIF]ErDmEillFEilllJI~PQ:q1fif]RD@jlilti~l:!?OO~:??:lmm::M9.~ffl@::~P.Qt:@:{ll~i(~~::???][?::I@~::~:::::::1
Estimated Revenues And Other Sources
Est Rev - Real Property Taxes SW1049B 238,159 238,159 0 431,541
Est Rev - Real Property Tax Items SW1099B 0 0 0 0
Est Rev - Departmental Income SW1299B 581,296 581,596 300 584,402
Est Rev-Intergovernmental Charges SW2399B 0 0 0 0
Est Rev - Use of Money And Property SW2499B 10,075 11,110 1,035 11,500
Est Rev - Sale of Prop And Comp For Loss SW2699B 300 300 0 300
Est Rev-Miscellaneous Local Sources SW2799B 0 0 0 0
Est Rev - Interfund Revenues SW2801B 0 0 0 0
., Est Rev - State Aid SW3099B 0 0 0 0
Est Rev - Federal Aid SW4099B 0 0 0 0
Estimated - Interfund Transfer SW50;:, i B 75,000 75,000 0 70,000
Appropriated Reserve SW51iB 0 0 0 0
Obligations Authorized SW530B 0 0 0 0
Estimated Proceeds of Obligations SW5799B 0 0 0 0
Appropriated Fund Balance SW599B 25,398 25,398 0 14,501
.,
I,
Page 74
OSC Municipality Code 130386800000
.,
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(SW) WATER
Budget Summary
[@;n:lM@HM.2QFIlfFwIIEt(:tttttttfInEI8TIJI:::::m.l.p.9.m#.ftlffi[o.ffiji%.t~t@fllmm::::::M@!fAAf~~lttt(Qm~tMMlffiI].i.l.imiW@~tUl
Appropriations And Other Uses
App - General Government Support
App - Home And Community Services
App-Employee Benefits
App - Debt Service
SW1999B
SW8999B
SW9199B
SW9899B
o
624,349
2,960
302,919
o
624,884
2,960
303,719
o
-535
o
-800
o
649,574
2,945
459,725
Budgetary Provision For Other Uses
App - Interfund Transfer
SW962B
SW9999B
o
o
o
o
..
..
Page 75
OSC Municipality Code 130386800000
..
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(TA) AGENCY
Balance Sheet
[,'b~jiID.%i~~lmj;m/\:}}/}}:ttr:::}}5TillNIE:l::::t:}/:::::://it:////tt\ttt:\:\:\t:t\t:\:\t:::\t:\\:}:\tt:/::}}}}ittt:}}}:::t:m1!}}}}:::::}tW~11t}{}\t:{II~~mTfN~_TIm
Assets
Time Deposits
142,399 T A201
140,961
67 TA381
o
Accrued Interest Receivable
""
""
Page 76
OSC Municipality Code 130386800000
..
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TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(TA) AGENCY
Balance Sheet
'-$J~i$@.i.M~h;/;;:://////:(((;::::/:;;/'(/)/"////;((((:',///////////////;,;,:,:,:;:,:;,(";,,:,:,:;/:,,,',:,:,:;:,:;/////:(::;/r:;:m::m:;/r';;'r:::;~(J;/rrrrll('/ltj:l~/r!l/)r))r~tfW1IT]
Liabilities And Fund Equity
Due To Other Funds TA630 23,724
Group
Assoc & Union Dues
Guaranty & Bid Deposits
Bail Deposits
Other Funds (specify)
22,203
37
88,653
565
23,018
119,013
-
"
Page 77
OSC Municipality Code 130386800000
-
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(TE) EXPENDABLE TRUST
Balance Sheet
PW1f.P:~Mp.Mi:f))))~/))~:{{~::Hm]mTIJIg))))))):~~:~::::~::::::::/)))):{::::::~:~:::~::)):{({{::::)):({(((((~:~::):mmlr:)))))~9.<<g)/;:W]wg",,4.~mrnwr.~llW.l
Assets
Time Deposits
135,445 TE201
141,058
Accrued Interest Receivable
475 TE381
o
.,
Page 78
OSC Municipality Code 130386800000
..
.,
T OWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(TE) EXPENDABLE TRUST
Balance Sheet
[&~?p~lW@Emm[;D[:D:::::::::}:T?mmmm:mw:;mm~r:::::::)):{{::::):J:T;7/')::::::)):'):r:::=))::::=::{r:)irf:::::::/:::):Hj:J::::::rr:f:==:~~~:)))r:::))m[m:q~~!F:(l[TIIillII4ooillIREHI
Liabilities And Fund Equity
Other Expeildable Trust (spec) 135,920 TE93 141,058
-
rI/!
Page 79
OSC Municipality Code 130386800000
.
..
j-OWN OF Wappinger
t\ilnual Update Document
For :ile Fiscal Year Ending 2001
(TE) EXPENDABLE TRUST
Results of Operation
p.%f.~QjWWi?liQti:?:Kf1i:t?:::)::ETr
Detail Revenues And other Sources
Use of Money And Property
:.:.:.:.:.:.;.;-:.:...:.:.:.y.....-..
. . . . .... . .
......................,...
.......................
. . . .. . .. .
...... . ......
. . . . . . . . . . . . . . . . . . . .
...................
/11:.. ..,
~))):Hln:f;aimWl~:?Jmmw~t:m;nIJ
5,980 TE2499
5,138
Miscellaneous Local Sources
13,500 TE2799
Interfurld Transfers
18,290 TE5031
..
.
..
Page 80
OSC Municipality Code 130386800000
"'"
TOWN OF Wappinger
,t.,ilflual Update Document
For tile Fiscal Year Ending 2001
(TE) EXPENDABLE TRUST
Results of Operation
ffii!Mii~~9f@19itTma;..:m~\~/::?:@~~mmm?Im::::H?t???:~:m~\\r\\\:Jnm?:::::/::::?n::u::\/:m:::?:mU:U:\:?dl??~/::::/~~TImmln\~q.p.$QiilWUII:m?:(::@91d:m::\::1
Detail Expenditures And Other Uses
Culture And Recreation 5,000 TE79994 0
...
.
Page 81
OSC Municipality Code 130386800000
.
.,
TCNf-,J OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
~E)EXPENDABLETRUST
Changes in rund Equity
!j~gi[Q~m1(i;m.EU]m;Jf2Ft::mi.EI]@;:NmI8E8TIim:9Jm::nTTI8ITWH:://:::r:/:r::::::r::IIEIW:::r~w.i:1.: :r:::IIEf#i.@9ID.illTIEEBfgooTITi-Eiilll
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity Beginning of Year
Prior Period !ldjustrnents,inc Fund Eqty
Restated Fund Equity - Beg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity End of Year
-
.,
..
Page 82
TE8021 135,920
103,150 TE8012
103,150 TE8022 135,920
37,770 5,138
5,000 0
135,920 TE8029 141,058
OSC Municipality Code 130386800000
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(V) DEBT SERVICE
Balance Sheet
p@~:.p'i@.~#1@i%.illIJJUT.1:1T]m;..;;.&;;:@nI;m.:.~m;T:rTmt;6nmmTmTffin...):.?m~!8i0I;~Hmmm:;:iMip~$.F.:.IQmT;.I~pWT:fEFI
Assets
Cash With Fiscal Agent
V223
Investments In Securities
V450
-
..
Page 83
OSC Municipality Code 130386800000
..
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(V) DEBT SERVICE
Balance Sheet
f2.8&.e.[g~W[lNi%lJITJP~:;;~\F?:]:~;flmFmmm;:mITIilrillITmrwmm;;;;rmWImmmITTI:m:mmj!illTIill~1VTImr,fImm~\:liii@.'i4#mWIfmTJ~Q@t)illmlliill
Liabilities And Fund Equity
Accounts Payable V600
Fund iJalanc~-Reserved For Bonded Debt
V884
.~
.,
Page 84
OSC Municipality Code 130386800000
,.
..
"OWN OF Wappinger
Annual Update Document
For t:1e Fiscal Year Ending 2001
(V) DEBT SERVICE
Results of Operu~ion
p.Qi:lWg[~lpti~;T8mr:m@:\::m&ili:;%:::m "
Detail Revenues And Other Sources
Premium & Accrued Interest On Oi)ligations
..........;,',-.",-,.
............::::::::::::::::::::::{::;:::::
,". ...;.:...............;.;-;.........;...;.;.;.;.;:;;;:;.;:.
\{ITETJI'((\: :::~\\:=:( HH~i#i:9.00if)l!::::::::\~':\'l,jH:mrn
..
. . . . . . . . . . .
V2710
13,101
Advanced Refunding Bonds
V5791
J,270,000
-
.,
.
Page 85
OSC Municipality Code 130386800000
."
T,NN OF Wappinger
Ann~.lal Update Document
For the Fiscal Year Ending 2001
(V) DEBT SERVICE
Results of Operation
~~,FQiwlIp.J!9B1YCmmg;;;;nmp:::. ... _ _, "
Detail Expenditures And Other U~cs
Fiscal Agents Fees, Contr Expend
............. d.
.................................
.................
.................
..'..............
:::r::()r(:;7W:::['r:(t@8H;;mm;r;;;rrJ]I::::):))*~lITP5]mm:qp.!.:iiXlwrJm:' . OOQf
J
V13804
Repayments To Esc Agent Adv Ref Bonds
V99914
3,283,101
..
.,
III'
Page 86
OSC Municipality Code 130386800000
..
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(V) DEBT SERVICE
Changes in Fund Equity
~QPjjQ~~H@2Dm0]:.EUEnIIU:&m:......;;I:mEgTm............G&;@fr88Tmmm;m.8IF]fillT;m[@mT~PQw;wmmI~~][TI.:ffaQQjTm.Iim
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity - Beginning of Year
Restated Fu;,d Equity - Beg of Yl .-
ADD - REVE;~UES AND OTHER :.. JURCES
DEDUCT - EXPENDITURES AND, THER USES
Fund Equity - End of Year
VB021
VB022
o
3,283,101
3,283,101
o
VB029
..
..
.
Page 87
OSC Municipality Code 130386800000
."
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(W) GENERAL LONG-TERM DEBT
Balance Sheet
~i@~;P~~dillJWiE;m:m;nfgmrC:::C):::C;}WIJ:WITIT:m:mn}:ImWgr.nf;;@Wng;:]m;@mmmillH;rrn@DIID~oomTIfn!I$4~1Jm;WJgQIDIESm}l
Assets
Amt Available In Debt Service Fund
Amts To Be Prov For Long-Term
250,000 W120
839,066
25,908,841 W125
26,418,453
..
"
..
Page 88
OSC Municipality Code 130386800000
,
TOWN OF Wappinger
Annual Update Document
For the Fiscal Year Ending 2001
(W) GENERAL LONG-TERM DEBT
Balance Sheet
~B(:i~:p.@~B~[%t7T77g;':;:;Y;:;7;:3L;=7::;,,:'i:'::::::::::::,::::
Liabilities J\nd Fund Equity
Bond Anticipation Notes Payable
:)JTIj!tttt::~~Pt:):)0fII::)gi:lp.@m(mmTI:~wr:?:j
5,336,909 W626
7,725,580
Installment Purchase Debt
Compensated Absences
Bonds Payable
20,264,000 W628
18,979,000
-
.
.
Page 89
OSC Municipality Code 130386800000
..
TOWN OF Wappinger
Statement of Indebtedness
For the Fiscal Year Ending 2001
Water and Other Purposes Exempt From Constitutional Debt Limit
iBond Anticipation Note No. 2001000002
Month and Year of Issue
Purpose of Issue
:Current Interest Rate
putstanding Beginning of Year
'Issued During the Fiscal Year
!(do not include renewals here)
!paid During tile Fi:,cal Year
I (do not include cenewals here,
)Outstanding End () the Fiscal YC;i;'
i --
;Final Maturity Date
,text
- -..-----..--- _._--~_ '~____n._'_______ ____
.. ------ --- ---- -.._oo-- ___.
Bond Anticipatior~_":ote No. 200CCiJ0029
Month and Year 0: issue
Purpose of Issue
ICurrent Interest R:;,e
:Outstanding Begiri;,ing of Year
~ssued During the Hscal Year ___
I (do not include ,'3newals here)
Paid During the Fi:;cal Year
(do not include ;~:~newals here)
Outstanding End of the Fiscal Year
Final Maturity Date
~ext ____=~O=__
IBond Anticipation Note No. 200COJ0001
Month and Year of Issue
IPurpose of Issue
Current Interest R,lle
:Outstanding Beginning of Year
'Issued During the j:iscal Year
(do not include renewals here'
IPaid During the Fiscal Year
I (do not include renewals here:
,Outstanding End ~f the Fiscal y,;?,
. Final Maturity Date
text
--- -.----.---------- ....~----------~,_.__.-
IBond AntlcTpation NoteNcl.-2001 000004
Month and Year of Issue
purpose of Issue
!current Interest Rate
iOutstanding Beginning of Year
Ilssued During the ~iscal Year
r (do not include ,'enewals her;)
Paid During the Fiscal Year
, (do not include renewals herc_L
jOutstanding End of the Fiscal Year
I
Final Maturity Date
~ext
EDPCODE
ext
ext
ext
?P18661
ex!
I2p18663
ex!
I2p18665
I2p18667
ext
ext
--
EDPCODE
ext
ext
ext
?P18661
ext
I2p18663
ext
I2p18665
I2p18667
ext
ext
EDPCODE
ex!
ext
ext
I2p18661
ext
2P18663
ex!
2P18665
?P18667
ext
ext
EDPCODE
ext
ext
ext
?P18661
ext
?P18663
ext
I2p18665
I2p18667
ext
ex!
.
Page 91
Amoun
5/3/2001
Watel
3.1200
tex
2,000,000
tex
o
2,000,000
5/2/2002
tex
Amount
9/1/2000
Sewe
.0000
2,656,455
text
01
tex
88,000
2,568,455
9/1/2003
text
Amoun
7/9/1998
'NA TER AND SEWER
2.8300
1,775,000
text
o
tex
250,000
1,685,000
7/6/2001
tex
Amoun
3/1/2001
Sewer
.0000
text
2,476,671
tex
o
2,476,671
3/1/2003
tex
OSC Municipality Code 13038680000(
.
TOWN OF Wappinger
Statement of Indebtedness
For the Fiscal Year Ending 2001
Water and Other Purposes Exempt F~Jm Constitutional Debt Limit
~ond Anticipation Note No. 200100C:;i3
Month and Year of Issue
Purpose of Issue
,Current Interest Rate
,Outstanding Beginning of Year
~ued During the Fiscal Year
j(do not include renewals here)
!paid During the Fiscal Year_
: (do not include renewals here;...
!Outstanding End of the Fiscal Year
!Final Maturity Date
text
'___. __________'_.,_.n_______ ___.____.._______~_____.__
,-..----.'-- --.-...------.----..,------
.., !Bond Anticipation Note No. 200C': JrJ3
!Month and Year of Issue
Purpose of Issue
:Current Interest Rate
.-'-.-.
Outstanding Beginning of Year ..
!Issued Duringthe Fiscal Year~~_
! (do not include renewals here)
paid During the Fiscal Year
(do not include renewals here)
,Outstanding End of the Fiscal Year
,Final Maturity Date
text
--." ,-.----------
-._._._----~- - --
iBond Anticipation Note No. 2001000001
;Month and Year of Issue
1Purpose of Issue
:Current Interest Rate
'Outstanding Beginning of Year __
ilssued During the Fiscal Year
r. . .- - . .. . - -
I (do not include renewals here:,
!Paid During the Fiscal Year
(do not include renewals here.
, ..-
:Outstanding End of the Fiscal Year
" Final Maturity Date
text
EDPCODE Amount
ext 7/30/2001
ext Sewer
ext 2.8500
?P18661
ext tex1
I2p18663 500,000
ext tex1
I2p18665 0
I2p18667 500,000
ext 4/30/2002
ext tex
EDPCODE Amoun
ext 12/23/1999
ext :JHWAY EQUIPMEN1
ext 1.9100
?P18661 543,000
ext tex
on ?P18663
0
ext tex1
?P18665 123,000
2P18667 420,000
ext 12/20/2002
ext tex1
EDPCODE Amoun
ext 3/6/2001
ext Sewe
ext 3.5900
I2p18661
ext tex
2P18663 2,566,420
ext tex
2P18665 0
2P18667 2,566,420
ext 3/5/2002
ext tex1
..
Page 92
OSC Municipality Code 130386800001
..
TOWN OF Wappinger
Statement of Indebtedness
For the Fiscal Year Ending 2001
iEfond Anticipation Note No. 200COC0030
Month and Year of Issue
Purpose of Issue
,Current Interest Rate
Outstanding Beginning of Year
~ssued During the Fiscal Year
. (do not include renewals here)
~Paid During the Fiscal Year
(do not include renewals here)
Outstanding End of the Fiscal Yea;'
;Final Maturity Date
tex!c__. ~O~~c~c_c~~~~._~~__
." :Total Bond Anticipation Note
Outstanding Beginning of Year
Issued During Fiscal Year
['aid During Fiscal Year
'Outst-anding End of Year ._.
,*** Bond Anticipation Notes Redeemed
!__ From Bond Proceeds During.Ciscal Year
Water and Other Purposes Exemp: From Constitutional Debt Limit
ED PC ODE
ext
ext
ext
?P18661
ext
?P18663
ext
?P18665
!2P18667
ext
ext
Amoun
10/26/2000
Sewe
.0000
2,680,454
tex
o
tex
o
2,680,454
10/26/2003
tex
Amoun
7,654,909
7,543,091
461,000
14,897,000
2P18885
o
.,
"
Page 93
OSC Municipality Code 13038680000(
..
TOWN OF Wappinger
Statement of Indebtedness
For the Fiscal Year Ending 2001
Water and Other Purposes Exempt From Constitutional Debt Limit
..
---~----"-- -----
[Bond No. 2000000009 EDPCODE Amoun
Month and Year of Issue ext 5/1/1977
Purpose of Issue ext WATER
Current Interest Rate ext 5.3750
.outstanding Beginning of Year 2P18671 395,000
Issued During t~e Fiscai Year ext tex
(do not include renewals here) ;>P18673 0
IPaid During the Fiscal Year ext tex
I (do not include renewals here) ?P18675 98,000
:Outstanding End of the Fiscal Year 12P18677 297,000
)Final Maturity Date ext 5/1/2004
~~~~~===~~ .- ext tex
IBond No. 2000000006 EDPCODE Amoun
Month and Year of Issue ext 3/1/1974
,Purpose of Issue ext SEWER
.Current Interest Rate ext 5.8000
Outstanding Beginning of Year 2P18671 58,500
~.s~ued During t.he Fiscal Year . ext tex
I (do not include renewals here) 2P18673 0
iPaid During the Fiscal Year ext tex
(do not include renewals here) ?P18675 19,500
Outstanding End of the Fiscal Year 2P18677 39,000
Final Maturity Date ext 3/1/2003
text ext tex
----_.. - --------..------.------- -...--
-----"."'------'- -_._,-,- -
Bond No. 2000000005 EDPCODE Amoun
IMonth and Year of Issue ext 3/1/1974
Purpose of Issue ext WATER
ICurrent Interest Rate ext 5.8000
.Outstanding Beginning of Year I2p18671 48,000
Ilssued During the Fiscal Year ext tex
. (do not include renewals here) 2P18673 0
Paid During the Fiscal Year ext text
I (do not include renewals here) 2P18675 16,000
autstanding End of the Fiscal Year 2P18677 32,000
final Maturity Date ext 3/1/2003
~ext ext tex
[Bond-No. 2001 boboos EDPCODE Amoun
iMonth and Year of Issue ext 10/2/2001
,Purpose of Issue ext Sewer
,Current Interest Rate ext 3.7220
autstanding Beginning of Year /P18671
'Issued During the Fiscal Year ext text
[--(dO not include renewals here) /P18673 452,732
!paid During the Fiscal Year ext tex
(do not include renewals here) I2p18675 0
Outstanding End of the Fiscal Year I2p18677 452,732
Final Maturity Date ext 8/15/2011
~ext ext tex1
.
.
Page 94
OSC Municipality Code 13038680000(
.,
TOWN OF Wappinger
Statement of Indebtedness
For the Fiscal Year Ending 2001
Water and Other Purposes Exempt From Constitutional Debt Limit
.,
,Bond-No. 2000000008 EDPCODE Amoun
Month and Year of Issue ext 5/1/1977
iPurpose of Issue ext SEWER
[Current Interest Rate ext 5.3750
!Outstanding Beginning of Year 2P18671 392,000
Ilssued During the Fiscal Year ext tex1
! (do not include renewals here) ?P18673 0
iPaid During the Fiscal Year ext tex1
I (do not include renewals here) I2p18675 98,000
Outstanding End of the Fiscal Year I2p18677 294,000
'Final Maturity Date ext 5/1/2004
rte~~____________ _ ext tex
iB-on-d-No~20o6b-6o-012 EDPCODE Amoun
[Month and Year of Issue ext 7/30/1998
!Purpose of Issue ext WATER
rCurrent Interest Rate ext 3.7000
:Outstanding Beginning of Year 2P18671 470,000
ilssued During the Fiscal Year ext tex
I (do not include renewals here) 2P18673 0
!Paid During the Fiscal Year ext tex1
I (do not include renewals here) ?P18675 20,000
!Outstanding End of the Fiscal Year 2P18677 450,000
iFinal Maturity Date ext 10/1/2018
~E)xt__________ _ ext tex
[Bond- No. 20'00000011 EDPCODE Amoun
Month and Year of Issue ext 8/15/1991
IPurpose of Issue ext SEWER
iCurrent Interest Rate ext 6.5000
putstanding Beginning of Year I2p18671 464,500
!Issued During the Fiscal Year ext tex1
(do not include renewals here) 2P18673 0
[Paid During the Fiscal Year ext tex
i (do not include renewals here) P18675 464,500
iOutstanding End of the Fiscal Year P18677 0
Final Maturity Date ext 8/15/2011
text ext tex
L___._____..__.___~____.,~_..___
!Bond-i\jQ:-i()06b-b-0010 EDPCODE Amount
!Month and Year of Issue ext 12/1/1985
Purpose of Issue ext WATER
;Current Interest Rate ext 7.7500
Outstanding Beginning of Year I2p18671 45,750
[Issued During the Fiscal Year ext tex
(do not include renewals here) I2p18673 0
Paid During the Fiscal Year ext tex
(do not include renewals here) I2p18675 9,150
IOutstanding End of the Fiscal Year I2p18677 36,600
[Final Maturity Date ~ext 6/1/2005
Itext ~ext text
.
.
Page 95
OSC Municipality Code 13038680000(
.,
TOWN OF Wappinger
Statement of Indebtedness
For the Fiscal Year Ending 2001
Water and Other Purposes Exempt From Constitutional Debt Limit
.,
--~---~._.~-_._._-- --~
IBond No. 2000000007 EDPCODE Amoun
IMonth and Year of Issue ext 5/1/1977
iPurpose of Issue ext WATER
iCurrent Interest Rate ext 5.3750
!Outstanding B_eginning of Year :>P18671 56,000
ilssued During the Fiscal Year ext tex1
r (do not include renewals here) ~P18673 0
I
Paid During the Fiscal Year ext tex1
I (do not include renewals here) 2P18675 14,000
putstanding End of the Fiscal Year 2P18677 42,000
!final Maturity Date ext 5/1/2004
text ext tex
--..- ------ -. -_.~_...____..__...____.u~
---_._~-
IBond No. 2000000004 EDPCODE Amoun
Month and Year of Issue ext 2/15/1973
IPurpose of Issue ext WATER
[Current Interest Rate ext 5.0000
IOutstanding Beginning of Year 2P18671 3,600
il~sued During the Fiscal Year ext tex
r (do not include renewals here) :>P18673 0
;Paid During the Fiscal Year ext tex1
I (do not include renewals here) !2P18675 1,200
)Outstanding End of the Fiscal Year !2P18677 2,400
Final Maturity Date ext 11/15/2003
text ext text
- -----
Total Bond Amoun
Outstanding Beginning of Year 1,933,350
ilssued During Fiscal Year 452,732
Paid During Fiscal Year 740,350
[outstanding End of Year 1,645,732
01
.,
..
Page 96
OSC Municipality Code 13038680000(
.,
TOWN OF Wappinger
Statement of Indebtedness
For the Fiscal Year Ending 2001
Indebtedness Not Exempt From Constitutional Debt Limit
.,
,- '---~-'----'---- -- --_._-
iBond No. 2000000021 EDPCODE Amoun
Month and Year of Issue ext 11/12/1992
:Purpose of Issue ext SEWER
Current Interest Rate ext 3.0000
Outstanding Beginning of Year 2P18771 4,105,000
Issued During the F,cal Year ext text
(do not include renewals here) ~P18773 0
,Paid During the Fisc::t1 Year ext tex
i (do not include_~8wals here) !2P18775 310,000
Outstanding End at the Fiscal Year !2P18777 3,795,000
Final Maturity Date ext 9/1/2014
text ext tex
I~_-__~~=~O _ _ _ --- -- n==
iBond No. 2000000020 EDPCODE Amoun
1M0nth and Year of Issue ext 8/15/1991
IPurpose of Issue ext SEWER
iCurrent Interest Rate ext 6.5000
putstanding Beginning of Year ?P18771 296,500
Ilssued During the Fiscal Year ext tex
. - ~P18773
' (do not include renewals here) 0
,Paid During the Fiscal Year ext tex
I (do not include renewals here) ~P18775 296,500
!
Outstanding End of the Fiscal Year 2P18777 0
;Final Maturity Date ext 8/15/2011
text ext tex
' .._-----',---------,-,. ----..
--------.".--.------ --"- .
Bond No. 2000000019 EDPCODE Amoun
Month and Year of Issue ext 8/15/1991
Purpose of Issue ext DRAINAGE
ICurrent Interest Rate ext 6.5000
!Outstanding Beginning of Year 2P18771 1,284,000
Ilssued During the Fiscal Year ext tex
,- -- 2P18773 0
' (do not include renewals here)
iPaid During the Fiscal Year ext tex
I (do not include renewals here) :>P18775 1,284,000
iOutstanding End of the Fiscal Year 2P18777 0
final Maturity Date ext 8/15/2011
text ext texl
---------.-.-.-..----,- .......--. - - --
--.------.----".--...--------..---- ---
Bond No. 2000000017 EDPCODE Amoun
Month and Year of Issue ext 12/1/1985
Purpose of Issue ext TOWN HALL
ICurrent Interest Rate ext 7.7500
Outstanding Beginning of Year !2P18771 217,125
~~ed During the Fiscal Year ext text
I (do not include renewals here) 2P18773 0
Paid During the Fiscal Year ext tex
: (do not include renewals here) :lp18775 43,425
IOutstanding End of the Fiscal Year :lP18777 173,700
IFinal Maturity Date ext 6/1/2005
text ext tex
.
.
Page 97
OSC Municipality Code 13038680000(
'"
TOWN OF Wappinger
Statement of Indebtedness
For the Fiscal Year Ending 2001
Indebtedness Not Exempt From Constitutional Debt Limit
(Sond No. 2000000016
Month and Year of Issue
Purpose of Issue
,Current Interest Rate
iOutstanding Beginning of Year
Ilssued During the Fiscal Year
1-~-(d6 noi~ include renewals here)
iPaid During the Fiscal Year
, (do not include renewals here)
iOutstanding End of the Fiscal Year
iFinal Maturity Date
~~~l_ __~__
.. !BondNQ:-2600000015
IMonth and Year of Issue
IPurpose of Issue
,Current Interest Rate
,outstanding Beginning of Year
:Issued During the Fiscal Year
r (do not include renewals here)
Paid During the Fiscal Year
(do not include renewals here)
putstanding End of the Fiscal Year
'Final Maturity Date
,text
, -
[Bond No. 2000000014
IMonth and Year of Issue
purpose of Issue
ICurrent Interest Rate
iQutstanding Beginning of Year
[Issued During the Fiscal Year
I -(do not include renewals here)
paid During the Fiscal Year
[ (do not include renewals here)
!Outstanding End of the Fiscal Year
" !Final Maturity Date
~ex~_~
:Sond No. 2000000018
!Month and Year of Issue
:Purpose of Issue
:Current Interest Rate
[Outstanding Beginning of Year
!Issued During the Fiscal Year
r (do not include renewals here)
Paid During the Fiscal Year
i (do not include renewals here)
putstanding End of the Fiscal Year
;Final Maturity Date
text
EDPCODE
ext
ext
ext
2P18771
ex!
:>P18773
ex!
!2P18775
I2P18777
ex!
ext
EDPCODE
ext
ext
ex!
I2P18771
ext
2P18773
ext
2P18775
?P18777
ext
ex!
EDPCODE
ext
ex!
ex!
~P18771
ext
2P18773
ext
2P18775
2P18777
ext
ext
EDPCODE
ext
ext
ext
I2p18771
ext
2P18773
ext
?P18775
:>P18777
ext
ext
Amoun
12/1/1985
SEWEr;
7.7500
112,125
tex
o
tex1
22.425
89,700
6/1/2005
tex
Amoun
5/1/1977
DRAINAGE
5.3750
57,000
text
o
tex
15,000
42,000
5/1/2004
tex
Amount
3/1/1974
DRAINAGE
5.8000
43,500
tex
o
tex
14,500
29,000
3/1/2003
tex
Amount
5/1/1987
SEWER
6.3000
70,000
tex
o
texl
35,000
35,000
5/1/2002
tex
II'
Page 98
OSC Municipality Code 13038680000(
'rOWN OF Wappinger
., SL.tement of indebtedness
For trie Fiscal Year Ending 2001
Indebtedness i,~ :'::xempt Frorr. CCi::;,:.uUonal Debt Limit
Bond No. 2C00000J13
iMonth and Year o! issue
'Purpose of I~~ue . .
Current Intei;st R"te
iOutstanding Begin~~ing of Year
Issued During the Fiscal Year.. ~,~~
(do not include renewals here)
IPaid During the Fiscal Year
(do not include renewals here)
Outstanding End of the Fiscal Year
Final Maturity Date
text
'!iEDPCODE
"
!Itext
i~ext
"litext
I?P18771
ext
'''l~P18773
itext
!~P18775
"-]i2P18777
j~ext
_.~~=,., ~, .J!~~!.....=c'_"'"
liEDPCODE
-'-,.
Itext
I~ext
:text
i P18771
.___.)ext . _ tex
II P18773 1,275,000
I ext tex
iQP18775 0
!2P18777 1,275,000
Itext 10/1/2014
~~_____n Jext n__H"___~_ tex~
n1iEDP"C'OOE Amoun
I ext 10/2/2001
I ext Drainage
. ext 3.7220
1!2P18771
Ii
Ii ext
liP18773~ n
I,text
I~P18775
i12P18777
I~ext
.n___....~.... J~2<~_____ ,,___
---~-~ . 'l:~~~Cc5DE-'
ext
ext
P18771
ext
P18773
ext
P18775
P18777
ext
ext
Amoun
2/15/1973
SEWER
5.0000
5,400
tex
0'
tex1
1,800
3,600
11/15/2003
text
- Bond No. 2001 00C008
Month and Y::Jr c:: Issue
--......---.
Purpose of ~s,:le _
Current Interest Rilte
Outstanding Beginning of Year
~~?ued During th~fiscal Year
(do not inc!ud~ renewals here;
Paid During t.:~ ;=:scal Year
(do not incJ:.0...; i'enewals here)
Outstanding_~:~_~;f the Fiscal Year
Final Maturi:" Jatc
Amoun I
10/2/2001
er. Services Building
4.0023
text
---,-"-~--
Bond No. 200', 00e007
Month and Year of issue
Purpose of ISS:18 _.
Current Interc:;t R .8
Outstanding i3egwi.ling of Year _..._.
I~~u_~_d _~ring t~~Fiscal_'t'~ar_~
. (do not include I"imewals here
Paid During the Fi:~cal Year
(do not incl\.Jde n~newals hereL._
Outstanding End 0 t the Fiscal Y dal'
. Fin,,1 Maturity Dale '_ . _ _
text
Bond No. 200000C023
Month and Year of issue
Purpose of Issue_.
CUiTent Interest Rate
Outstanding Beginning of Year
,Issued During the Fiscal Year. "__
, -(dO not include rc)newals herei
:Pc;id During the FiscalYear
(do not include ::.enewals herfL_ .
Outstanding End of the Fiscal Y8ai'
,Final Maturity Date
text
tex
1,253,3921
tex
o
1,253,392
8/15/2011
tex
--------_.._--~
-,------
Amoun
12/1/1994
SEWER
5.6350
6,595,000
tex
o
tex
370,000
6,225,000
5/1/2015
tex
..
Page 99
OSC Municipality Code 13038680000(
""
T,WN OF Wappir:ger
Siatement of Indebtedness
For the Fiscal Year Ending 2001
Indebtedness NG E::xempt From COi:s:utional Debt Limit
Bond No. 2001 OC =06
Month and Year Issue
Purpose of IssuE':
,Current Interest f-~ate
Outstanding Bee;: ,Illllg of Year
L~~~dD~ri~gtrl,,-.=jscal Year
(do not include renewals here)
paid During th~ Fiscal Year
(do not include renew&ls here)
,Outstanding End of the Fiscal Year
,Final Maturity Datc
text
- ----
.., Bond No. 2000000027
Month and Year of Issue
Purpose of IS~;..8 "
Current Intere::o! Rate
Outstanding Beginiiing of Year
I~~,~e~[)~ingthe_ Fscal Year
(do not incic;,;ie reilewals here)
Paid During the Fiscal Year
(do not incJu~e i:~:1ewals here)
9utstanding EI~" :;f the Fiscal Year
Final Maturity uc;,;;
te~l~~.=...n
Bond No. 200C~=J026
Month and Ye,r of Issue
Purpose of Issue
,Current Interesl . .ate
.---.
Outstanding 5. ming of Year
,?~ued DuriiijJ.~-::;cal.!.ea.r""n~
(do not inck renewals here)
Paid During the, ':scal Year
(do not incle.. :enewals here)
Outstanding E:/ .;f the Fiscal Year
Final Matu rity .:
" text
-- -~'_.- ---------.. ----
:Bo'nd-N-o.- 200C.. ~'025-----~----
Month and Yet. . Issue
Purpose of ISSl:
Current Intere:~lte
,Outstanding 6,...:.}ning of Year
,Issued During ,,~e Fiscal Year
[_'d'__' _ __ _,_""
(do not incll;:':'~ "enewals here)
Paid During tj',(;. F:scal Year
(do not include renewals here)
Outstanding cliO of the Fiscal Year
final Maturit\/ r,:ate
1exl,____
!rEDPCODE
I~ext
I~ext
Ilext
'i2P18771
I~ t
____J ex
- --- 1!2P18773
i~ext
,
:i2P18775
I'2P18777
I~ext
!text
=-~iiEDPc5D=E--'
,.
iitext
!~ext
Itext
I~P18771
litext
i~P18773
I~ext
112P18775
"
i2P18777
r:~ext
I~ext
.... "1lEDpco~bE =
Itext
I:text
,text
'2P18771
,~~e;~ 8773
II
I,text
12P18775
:i2P18777
Ijtext
__,' ,__J~e~.__,
--'iiEDP-cobE
j,
I~ext
:~ext
~ext
j12P18771
itext
.~-..~_:I
- , . .. -1~P18773
I~ext
12P18775
i2P18777
I~ext
'- -~~ext
,
Page 100
Amoun
10/2/2001
Sewe,
3.7220
text
288,876
tex1
o
288,876
8/15/2011
tex
Amoun
10/1/1994
Emer. Svcs. Building
6.0000
1,215,000
text
01
tex
1,215,000
o
10/1/2014
tex
Am'oun I
9/26/2000
LAND & BUILDINGS
5.3173
2,085,000
tex
o
tex
60,000
2,025,000,
10/1/2020
tex
Amoun
5/4/2000
R. SVCS. BUILDING
5.5000
160,000
tex
o
tex
32,000
128,000
5/5/2005
tex
OSC Municipality Code 13038680000(
.,
T(N~';\ OF Wappinger
Statement of Indebtedness
For the Fiscal Year Ending 2001
Indebtedness Not :":xempt From Constitutional Debt Limit
iBofl-d-N~'200000C024-~---~----- ~-I~IEle:D~x'-:PC6D-E
Month and Year of issue
.__.~
Purpose of Issue
,Current Interest Rate
:Outstanding Beginning of Year -----_ I~P18771
[Issued During the Fiscal Year I~ext
! (do not include renewals here) !12P18773
Paid During the Fis:::al Year I ext
(do not include renewals here) !2P18775
!Outstanding End of the Fiscal Year I2p18777
,Final Maturity Date I ext
!text . ,. "._ __ _ ___ I~ext
.. Total Bond __n_____~_ --~----. --. I
Outstanding Beginr:ing of Year I
Issued Durin~LFisc:11 Year
PClid9uring_fi~~I_Year ..._
Ou~sta~?_~lg Ei~iYec;~~___
Amoun
5/1/1995
SEWER
6.0000
2,085,0001
tex~
O!
tex~
115,000
1,970,000
11/1/2015
tex
-- ===~~Amo~n~~
18,330,650i
2,817,268
3,814,65~
17,333,268,
J
I
Ql
I
*****************^~*~'(****************k*******w****************************************************************************************
*************** *****i\--oir*****-**********1\-**j!; *l\."" -"'-***************I{*****A********************************************************************
Total of Aillndcb:;,jness
Includes Totai 01 Sands and No;es - Exempt and Not Exempt
-----------.- -----------~-~-- -----~-~~~-~------ .-..\
Tolal Bond Amoun
Outstanding B~C!-,-..;ling of Year 27,918,909
!Issued During ':i5:al Year 10,813,091
-
Paid During Fi:;cc;i Year 5,016,000
Outstanding End of Year , 33,876,0001
L ___
II'
,
Page 101
OSC Municipality Code 13038680000(
I '- VN JF Wappinger
,,:alU: ,ty Schedule
For the ,::isc,"l Year Ending 2001
.,
For Bonds issued During T.le Fiscal Year Ended 2C01
~-~._._-_._-_.~---_. --~--_._~ -ED-P-CO~~001 000005 I
. text
Ilndebtednc.).. No. ... '..
iPurpose 01 :ssue ' ~ewer I
c~~~--~,. ._ ...n...__'__~ 2P3CE ~I~ext
for State cc;llpt~oller Use Qnly
rrotal Princi;)~:-I 2P3PR I 452,732
iDate of Is,,:;;-- . 2P3DT I 10/2/2001
1'- 2P3PC 3.72200'
Ilnterest Rc;tc ..
lFinal Matw;'/ Date 2P3DM 8/15/2011
'.. "
Amount of ,. ':ncipc:l Redc med in or to be Redeemed in Fiscal Year ending in (The Last
[fWD Digits(;.th~~DP C~. ..~ Co:':'espond to the Fiscal Year Ended)
P302 I
~~~03=_n ~~]I"
~?304~==L
~305 ~_JL
~=36~_nu=r
~-3-bL~~ =L
~368 _~I
~309 n..... ..=:J
[1:>31 0 ~=:1[
~P-3~--.J[
"
..
PC:;Je 102
II'
49,332
.. ... . ~.' ... , 47,000
-~~--------~-_._--~-~_.I
""'1
47~
45,80:9
45,9]9]
45,100]
45,0001
44,00]
42,70.9
40,5~
OSC Municipality 130386800000
TO",VN OF Wappinger
:\ilaturity SChedule
For the Fiscal Year Ending 2001
"
For Bonds Issued During T:,e Fi:Jcnl Year Ended 2001
r---- ~----,- ---~ t(~Xi TOpe-ODE
I
jlndebtedness No. ::>001000006
purpose of Issue Sewer
~orState Comptroller Use 6riTy -~ ~-P3CE
ext
otal Pnncipal l2P3PR 288,876
IDate of Issue 2P3DT 10/2/2001
Ilntere~Rat3 l2P3PC 3.72200
.-- I
iFinal Maturity Date 2P3DM 8/15/2011
'-'
~rnount of Principal Rede~med :!1 or to be Redeemed in Fiscal Year ending in (The Last
['tv'~Digi~s.()f_the EDP CCC8~C;;:2spond to the Fiscal Year Ended)
~f=>30~_ n~. .!I -- .. --.-.-,.--.- -- . _31_,??~1
------ -" '.
II'
~P303- i!
[2P304 _~_ -:1
~305u_.JI
[2P306 ___.]
r-p307---- --II
~.._----"
[2p--3--6-8--==J
~P309------' '.1
ff31 0 =-=:-'~r
[2P31T--JI'
..
Page 103
29 ~46ol
28,6051
27--:BOQ1
27,6@
28,40]
, '~
29,80..9J
3~
28,609]
27,10b]
OSC Municipality 130386800000
.,
" ;JJ\,\ OF WcppinGor
;'~dlurity ScLeduic:
For triG Fiscal Year Ending 2001
For Bonds Issued During ',-...; ,',scal Year Ended 2001
ilndebtedness No.
t'urpose o.Llssue _~~.
[For State Comptroller Use::
[Total Principal
[Date of Issue
Ilnterest Rate
,Final Maturity Date ~=
1'-mount of Principal Redel; lie
[fwo Digit~of .!!1~~i?~C_o~, =
-- ------~~_.--,
tex EDPCODE
;:J001000007
Drainage
---- iP3CE-- "
i' ~ext
2P3PR 1,253,392
2P3DT I 10/2/2001
2P3PC 3.72200
-- 2P3DM
8/15/2011
c.i in or to be Redeemed in Fisca: Year ending in (The Last
, 'c(;spond to the Fiscal Ye2r Ended)
~P~Q.2___~_ "' --~--_., ----- - _n}}~'~~
""
..
..
~I:l30~~=__J='=--":'~~___. _--=--===i~3-,60.Q]
r~--------I[ H_~__
~30<L____ ~__.__ _._
~P305==[~_
~E~b-6~===I[___~_.__ ~__
~30r-=]_===__
12P308---r~-
___....____._.il~_~_
~309==~I[-H.______ 1?~,009
~E31.Q_==I-==-=~__~__~1?3)O~()j
~P311--]-~._. 117"ffoq
---------1
._~'11~, 000]
1 ~6,40()j
126,5-6q
1 ??,50()j
1i5,20ol
Page 104
OSC Municipality 130386800000
"
T,-,WN)F VVappinger
,ialu"y Schedule
For the ,=isc<:.i Year Ending 2001
For Bonds Issued During "; ,c; ;':-"ocal Year Enued 20J1
!Indebtedness No.
furpose of Issue
r . . --~~--~~--
for State Comptrolier Us', ~ 1":1
frotal Principal
!Date of Issue
[Interest Rate
IFinal Maturity Date
!Amount of Principal Redc(;" ,ec
[",vo Di~~~o_fth~~D~_~c( ~.~.
~ EDPC-CDEl!
text
.~~OO1000008
__~ lErner, Services Building
~ 1?P3CE---~ 'cxt
?P3PR 1,275,000
?P3DT 10/2/2001
?P3PC 4.00230
?P3DM I 10/1/2014
:r1 or to be Redeemed in Fiscal Year ending in (The Last
:~~pond to HiO Fiscal Year Ended)
l2P~~~?~ ! 80,000
~-- I .- --. -------- --- ~- --_._~~-----_._-
,
"
,
m_'--'J
80,00Qj
85,006]
90,6001
90,0001
90,000
95,00q
-,
100,00~
105~
110,0@
~
11 O,OO~
115,0001
125,00q
~303u~ = ~.~==-~~~___
[P304--= .-----~-
[2P305 _--~
[P306 -.
[2[5307=.
[P30a=- .
[?f309--~~ _.
[P31~~~__ __
~P3 f1__~, --- _
~31~_ - L_
[1:.313 _~=r-
~-P314 -IL-
Page 105
OSC Municipality 130386800000
"
T-JVVi'J OF Wappillger
Schedule of Secu.-ities for Collateralization
For the Fiscal Year Ending 2001
General rvll.ji.(Jipal Law, Section '. ..; ~,s amended by chapter 708 Laws of 1992 lists the types of securities which
may be plecjed for collateralizal. .. Please click in the response box next to the type(s) of securities used by
banks as cOllateral for your depo;;.,::';.
Yes 1. Ol-';igations issued by tiie Jnited States of America, an agency thereof or a United States sponsored
cc:poration or obligatio:c- ,.oily insured or gua;'anteed as to the payment of principal and interest by
',tic; United States of Anis..ca, an agency thereof or a United States government sponsored
2. C:ligations issued or fu!:'/ ~;uaranteed by the international Bank for Reconstruction and Development,
1:" inter-American Devc,:,ment Bank, the Asian Development Bank and the African Development
3. C,)ligations partially ins"":,,, or fully guaranteed by any agency of the United States of America, at a
, prc;portion of the markc,,:;.:!ue of the obligation that represents the amount of the insurance or
Yes 4. C)ligations issued or fL:, ::lsured or guarar.tJed by this state, obligations by a municipal corporation,
s~.lool district or distil. (" iporation of this state or obligations of any public benefit corporation whicrl
u:jer a specific state :j,.:';. .8 may be accepted as security for deposit of public moneys.
Yes 5. C.,i:galions issued by ~,J,.;) (other than this state) of the United States rated in one of the three
nighest rating categOric;,:, , at least one nationally recognized statistical rating organization.
6. C:i]ations of Puerto H.ie\; rated in one of three highest rating categories by at least one nationally
r(;~ognized statistical ic.e!;iJ organization.
7. C .Aigatians of countic. 83S, and other governmental entities of another state having the power to
levy taxes that are b;,(",eu by the full faith and credit of such governmental entity and rated in one of
il.'..: three highest ratii;,.::gories by at least one nationally recognized statistical rating organization.
8. CJdgmions of domest: ,"porations rated in one of the two highest rating categories by at least one
:.-.lionaily recognizee; ~,.j,. "ieal rating organization.
9. l'.. ,y mortgage related s .;.~:...;ities, as defined in the Securities Exchange Act of 1934, as amended,
\\ "ich may be purchas~':: .' banks under the iimitations established by federal bank regulatory
Q," c.;ncies.
10. Cmmereial paper ane. ';'"";.;.ers' acceptances issued by a bank (other than the bank with which the
ri;,,, Gj is being deposit':'; r invested) rated in the highest short-term category by at least one
., nationally recognized s." .leal rating organization and having maturities of not longer than sixty days
from the date they are i'" Jed.
11. Zero-coupon obligation:" v, ~lie United States government marketed as "Treasury Strips".
12. Leiters of Credit.
13. Surety Donds.
Page 106
OSC Municipality Code 130386800000
'"
'"
TC,vi-.J OF Wappinger
Schedule of Ti'lIe Deposits and Investments
For the Fiscal Year Ending 2001
EDP Code
Amount
OTHER -~H;\N RESERVE FUNDS
CASH:
On Hand
Demand Oepo.sits
Time ;Jeposits
Total
9Z2001
9Z2011
9Z2021
$800.00
$0.00
$6,432,375.00
$6,433,175.00
'"
COLLATERAL:
- FDIC Insurance
- Secllrities Located:
(1) In Possession 01' Municip&.y
(2) Held By Third Party Custc:.. :al Bank
(3) Held By Trading Counter ::,~rtner
9Z2014
$600,000.00
9Z2014A
9Z2014B
9Z2014C
$0.00
$7,011,752.00
$0.00
INVESTME.NTS:
- Securities (450)
Book Value (cost)
Market Value at Balance ShE.~ Date
- Securities Located:
(1) In Posession of MuniciV,,:ty
(2) Held by Third Party Cus,,:.,Jial Bank
(3) H(;ld by Trading Counte.-'artner
9Z4501
9Z4502
$828,734.00
$849,711.00
9Z4504A
9Z4504B
9Z4504C
$849,711.00
- Repurcr,Jse Agreements (451)
Book Value (cost)
Market \/alue at Balance Shev, Date
- Securities Located:
9Z4511
9Z4512
(1) In Possession of Munici,~,.:ity
(2) Held by Third Party Cu:;" jial Bank
(3) Held by Trading Countc. ,Jartner
9Z4514A
9Z4514B
9Z4514C
'"
Page 1 07
OSC Municipality Code 130386800000
..
'"
TOWN OF Wappinger
Schedule of Time Deposits and Investments
For the Fiscal Year Ending 2001
RESERVE FUNDS
EDP Code
Amount
CASH (All Reserve Funds):
On hand
Demand Deposits
Time Deposits
Total
9Z2301
9Z2311
9Z2321
$0.00
'"
COLLATERAL:
- FDIC Insurance
- Securities Located:
(1) In Possession of Municipality
(2) Held By Tllird Party Custcdial Bank
(3) Held By Trading COUi,ter ,Jartner
9Z2324
9Z2324A
9Z2324B
9Z2324C
INVESTMENTS:
- Securities (450)
Book Value (cost)
Market Value at Balance Sheet Date
9Z4521
9Z4522
- Securities Located:
(1) In Posession of Municipdiity
(2) Held by Third Party Cue: ..)dial Bank
(3) Held by Trading Counts: Partner
9Z4524A
9Z4524B
9Z4524C
Repurchase Agreements (All R.;serve Funds) (451)
Book Value (cost)
Market Value at Balance Sh00t Date
- Securilies Located:
(1) In Poss8ssion of iVlunicl. aiity
(2) Hold by Third Party Cucodial Bank
(3) Held by Trading Countc ?artner
9Z4531
9Z4532
9Z4534A
9Z4534B
9Z4534C
.'"
Page 1 08
OSC Municipality Code 130386800000
'"
"
TOWN OF Wappinger
Investment Certification
For the Fiscal Year Ending 2001
DEFINITIONS:
Repurchase Agreement - 1'-\ uene:'ic term for an agreement in which a government entity
(buyer-lender) transfers cash to (i broker-dealer or financial institution (seller-borrower);
the broker-dealer or financial institution transfers securities to the entity and promises to repay
the cash plus interest in exctlange for the same securities or for different securities.
Reverse Repurchase Agreement - An agreement in which a broker-dealer or financial institution
(buyer-lender) transfers cash to c. government entity (seller-borrower); the entity transfers securities
to the broker-dealer of fi;lancial L ,sU.ution and prc:nises ra repay the cash plus interest in exchange
for the same securities or different securities.
RESPONSE
1) Has your Local Government aGopted an investment policy as
required by General Municipal Law, Section 39?
2) The following invesLncnts ms permitted by your investment policy.
* Obligations of t:;8 lji\llTd) STATES
Yes
,
Yes
* Obligations of 0.0 L.S. ,_0 crnment Agencies, guaranteed by Yes
the UNITED STf\TES Government
* Obligations of lne STAT::: c..f NEW YORK Yes
* Obligations of other NEN '/ORK STATE Local Governments Yes
* Other Yes
3)
4)
Do you engage in reverse re,;urchase agreements?
No
Are Repurchase Agi't;eme,";L authorized by your investment
policy?
Yes
Name:
Title:
Phone Number:
JOSE. JH RUGGIERO
SL ;~t: ;~IVSOR
(8t:j) 297-2744
,
Page 109
)SC Municipality Code 130386800000
-
",
-,-OWN OF Wappinger
Bank Reconciliation
For the Fiscal Year Ending 2001
Include All Checking, Savings and COO. Accounts
Bank Add: Less:
Account Bank Deposit Outstanding
N" Jer Balance In Transit Checks
,",.
591-9900. '7 $268,976 $177 $3,693
--~- ~~-_._-- ----_._----~---
591-9913. ~, $30,216 $0 $0
~._-
591-9900 ) $142,773 $0 $0
-- --- --..--.
'" $0
591-9900 . __~54,831 $0
591-9900 $8,653 $0 $0
---~.
591-9900' ~ $98,722 $0 $0
--...---- -~-~-
591-9900 !;;1 $282,410 $0 $0
Jv
591-9900 ::5 $177,150 $0 $1,462
--~
591-9900:, .~ $167,995 $0 $0
------ ,-~
938-1190290 $190,265 $0 $0
-- .__._--~.._---~-- _..._~
938-1189732 $366,909 $0 $0
---_._----~--~---
591-900424 $249,844 $5,976 $255,820
592-004325-2 $51,710 $0 $0
--
4893001i~61 $0 $0 $0
~.__.-
15004203469827 $107,293 $1 ,453 $2,415
_._-~
3981172261 $1,110,297 $0 $0
593-3-049258 $850,000 $0 $0
593-3-049010 $810,000 $0 $0
593-3-049029 $356,000 $0 $0
fI! 682585 $269,600 $0 $0
-
683299 $750,000 $0 $0
--
CASH - NYEFC $490,314 $0 $0
---~--
CASH- TMSC $1,712,788 $0 $0
--~-----~
591-9916526 $144,515 $0 $0
Total Adjusted Bank Balance
2etty Cash
Adjustments
Total Cash
Total Cash Balance All Funds
* Must be equal
*
9ZCASH
9ZCASHB
*
Adjusted
Bank
Balance
$265,460
$30,216
$142,773
$254,831
$8,653
$98,722
$282,410
$175,688
$167,995
$190,265
$366,909
$0
$51,710
$0
$106,331
$1,110,297
$850,000
$810,000
$356,000
$269,600
$750,000
$490,314
$1,712,788
$144,515
$8,635,477
$800.00
$.00
$8,636,277
$8,636,277
Page 110
OSC Municipality Code 130386800000
.,
.
TOWN C Wappinger
Local Governrn>~ilt Questionnaire
For the Fiscal >':Jar Ending 2001
1) Does your municipality llave a written procurement policy?
2) Have the financial statei.lents for YOur municipality been indepGndently audited?
If not, are you planning on having In audit conducted?
3) Does your local government participate in an insurance pool w:,.j other local
governments?
Response
Yes
Yes
No
4) Does your local governn18nt participate in an investment pool ',.,lh other
local governments?
No
5) Does your municipality !;ave a Length of Service Award Progr<.; .'1 (LOSAP)
for volunteer firefighters?
No
#1'
6) Does your municipality ,lave a Capital Plan?
7) Has your rnunicipality ij, cpared and documented a risk assess., ,ent plan?
If yes, has your muniq]dlity used the results to design the sysl~m of internal
controls?
No
No
8) Have you had a change ;n chief executive or chief fiscal office. during the
last year?
Yes
9) Does your municipality nave access to the internet?
Does your municipality liave an official E-mail address?
If yes, what is it?
Does the chief fiscal of Leer have a separate E-mail address?
If yes, what is it?
Do you have a web site?
If yes, what is the official address of the web site for your mun .,:;Jality?
Yes
Yes
WAPPCOMP@BESTWEB.NET
No
WAPPSUPV@BESTWEB.NET
No
,
Page 1'j '1
OSC Municipality Code 130386800000
,
,
C:..:i\TifiCA TION OF CHIEF FISCAL OFFICER
I, Joseph Ruggiero
the Town of Wappinger
, hereby certify tt-i .t I am the Chief Fiscal Officer of
, and that th" information provided in the annual
financial report of the Town of Wappinger
, is TRUE and correct to the best of my knowledge and bei )f.
, for the fiscal year ended 12/31/2001
By entering the personal indentification number assigned t the Office of the State Comptroller to me as
the Chief Fiscal Officer of the-I-own of Wappinger
, and adopted by me as
my sl8nature for use in conjunction with the filing of theTow: of Wappinger's
annual financial report, i am evidencing my express intent ,0 authenticate my certification of the
"
Town of Wappinger's
annual financiai ,-eport for the fiscal year ended 12/31/2001
and filed by means of electronic data transmission.
Gerald A. Terwilliger
Name of Report Preparer if
different than Chief Fiscal Officer
Joseph Ruggiero
Name
(845) 297-0060
Telephone Number
Supervisor
Title
20 Middlebush Rd., P.O. Box 324, \[\
Official Address
04/30/2002
Date of Certification
(845) 297-2744
Official Telephone Number
'"
Page 112
Municipality Code 13038680pOOO
"
..
TOWN OF Wappinger
Supplemental Section Comments
For the Fiscal Year Ending 2001
!11'
..
Page 113
'"
.,
TOWN O.F WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31.2001
NOTE A - Summary of Accountim!: Policies
The Town of Wappinger, New York ("the Town") was incorporated on May 20, 1875, under the provisions of
the State of New York. The Town operates under a Town Board form of government, consisting of a
Supervisor and four Councilmen/women. The Supervisor serves as the Chief Executive Officer and as the
Chief Fiscal Officer of the Town.
The Town provides the following services: highway maintenance, water, sewer, planning, zoning, building and
safety inspection, lighting, and culture and recreation.
The financial statements of the Town have been prepared in conformity with generally accepted accounting
principles (GAAP), as applied to government units. The Governmental Accounting Standards Board (GASB) is
the accepted standard-setting body for establishing governmental accounting and financial reporting principles,
some of which are as follows:
.,
1. The Reporting Entity
The Town, for financial purposes, includes all of the funds and account groups
relevant to the operations of the Town of Wappinger, New York. The financial
statements include organizations, functions and activities that are controlled
by or dependent upon the Town. Control or dependence is determined on the basis
of budget adoption, taxing authority, funding and appointment of the respective
governing board.
2. Fund Accounting
.,
The accounts of the Town are organized on the basis of funds or account groups,
each of which is considered to be a separate accounting entity. The operations of
each fund are accounted for by providing a separate set of self-balancing accounts, which are
comprised of each fund's assets, liabilities, fund equity, revenues and expenditures. Government
resources are allocated to and for individual funds based upon the purposes for which they are to be
spent and the means by which spending activities are controlled. The various funds are grouped, in
the financial statements
in this report, imo fund types and two account groups, as follows:
GOVERNMENTAL FUND TYPES
The accounting and reporting treatment applied to assets and liabilities
associated with a fund are determined by its measurement focus. All
governmental fund types are accounted for on a spending "financial flow"
measurement focus. This means that only current assets and current liabilities
are generally included on their balance sheets. Their reported fund balance (net
current assets) is considered a measure of "available spendable resources."
1
y
.,
........,....... "'... ........a...&&4,~.&J...".........".T. ..."'...'-&~
NOTES TO THE FINANC1\.L STATEMENTS (CONT'D.)
DECEMBER 31. 2001
.,
Summary of Accounting Policies (Continued)
Governmental fund operating statements present increases (revenues and
other financing sources) and decreases (expenditures and other financing uses)
in net current assets. Accordingly, they are said to present a summary of
sources and uses of "available spendable resources" during a period.
General Fund
The General Fund is the general operating fund of the Town. It is used to
account for all financial resources except those required to be accounted
for in another fund.
Special Revenue Fund
..
Special Revenue Fund is used to account for the proceeds of specific revenue
sources (other than special assessments, expendable trust or major capital
projects) that are legally restricted to expenditures for specified purposes.
Capital Projects Fund
This fund is used to account for financial resources to be used for the
acquisition and construction of major capital facilities.
FIDUCIARY FUND TYPE
Trust and Agency Fund
Trust and Agency fund is used to account for assets held by the Town in a
trustee capacity, or as an agent for individuals, other governments, and/or
other funds. These include Expendable Trust and Agency Funds.
Expendable Trusts are accounted for in essentially the same manner as
governmental funds. Agency funds are custodial in nature (assets equal
liabilities), and do not involve measurement of results of operations.
ACCOUNT GROUPS
..
Account groups are used to establish accounting control and accountability
for General Fixed Assets and General Long-Term Debt. The two account
groups are not "funds." They are concerned only with the measurement of
financial position. They are not involved with the measurement of the
results of operations.
2
}.
..
..
TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31. 2001
Summary of Accounting Policies (Continued)
General Fixed Assets Account Group
Property, plant and equipment used in governmental fund type operations are
accounted for in the General Fixed Assets Account Group, rather than in
governmental funds. No depreciation has been provided on such property,
plant and equipment.
..
All property, plant and equipment are valued at historical cost or estimated
historical cost if actual historical cost is not available. Donated property,
plant and equipment are valued at their estimated fair value on the date
donated. Interest costs incurred during construction have not been
capitalized, however.
The Town has adopted the accounting policy of not capitalizing
"infrastructure" general fixed assets (roads, bridges, curbs and gutter, streets
and sidewalks, drainage system, lighting systems and similar assets) that are
immovable and of value only to the Town.
General Long-Term Debt Account Group
Long-term liabilities expected to be financed from governmental fund types
are accounted for in the General Long-Term Debt Account Group, not in the
governmental funds. They are recorded at the par value of the principal
amount. No liability is recorded for interest payable to maturity.
Because of their spending measurement focus, expenditure recognition for
governmental fund types is limited to exclude amounts represented by non-
current liabilities. Since they do not affect net current assets, such long-term
amounts are not recognized as governmental fund type expenditures or fund
liabilities. They are instead reported as liabilities in the General Long-Term
Debt Account Group.
"
3. Basis of Accounting
Basis of accounting refers to when revenues and expenditures are recognized in the accounts,
and reported in the financial statements. Basis of accounting relates to the
timing of the measurements made, regardless of the measurement focus applied.
All governmental and expendable trust funds are accounted for using the "modified
accrual basis" of accounting. Their revenues are recognized when they become
measurable and available as net current assets. All major revenues are susceptible to
accrual.
3
:}'
..
.,
TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENT (CONT'D.)
DECEMBER 31.2001
Summary of Accounting Policies (Continued)
Expenditures are generally recognized under the "modified accrual basis" of
accounting when the related fund liability is incurred. Exceptions to this general rule
include: (1) accumulated unpaid vacation, sick pay, and other employee amounts
which are not accrued; (2) principal and interest on general long-term debt which is
recognized when due; and (3) expenditures for inventory-type items which are
recognized at the time of purchase.
Expenditures for judgments and settled claims are also recognized when the related
liability is incurred, that is when the judgment has been rendered or settlement has
been reached. Unsettled claims and contingencies are recognized only if it is
., probable that an asset has been impaired or a liability has been incurred and the
amount of the impairment or liability can be reasonable estimated.
4. Budgets
The Town employs a formal budgetary accounting system as a management tool.
During the year, a budget was adopted and modified by the Town Board for the
General Fund and Speciai Revenue Fund. However, for the Capital Projects Fund,
budgets are established at the project level and continue until the project is
completed. Unused appropriations of the annually budgeted funds lapse at the end of
of the year.
5. Encumbrances
Encumbrance accounting, under which purchase orders, contracts and other
commitments for the expenditure of monies are recorded for budgetary control
purposes to reserve that portion of the applicable appropriations, is employed as a
control in preventing over expenditure of established appropriations. Open
encumbrances are reported as reservations of fund balance since they do not
constitute expenditures or liabilities and will be honored through budget
appropriations in the subsequent year.
.
6. Cash and Investments
Cash includes amounts in demand and time deposits, as well as, short-term
investments. State statutes and the Town's own written investment policy govern the
investment policies of the Town. Short-term investments consist of investments in
repurchase agreements. The repurchase agreements involve purchases by a broker of
portfolio securities concurrently with an agreement by the broker to sell the same
securities at a later date at a fixed price. Generally, the effect of such a transaction is
4
'.
""
TOWN OF WAPPINGER, NEW YORK
NOTES TO FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31. 2001
Summary of Accounting Policies (Continued)
that the Town can invest its excess cash balances at competitive interest rates.
Market value of the repurchase agreements approximates cost plus accrued interest.
The cash and investments of the Town at December 31,2000 are as follows:
Special Capital Trust &
General Revenue Projects Agency
Fund Fund Fund Fund Total
Non-Interest
"" Bearing AccoWlts $800 $ -0- $ -0- $ -0- $800
Interest Bearing
AccoWlts 1,110,916 2,154,433 2,885,007 282,019 6,432,375
Repurchase
Agreements 427.663 226.793 174278 ::Q 828.734
TOTAL $ 1.539.379 $2381226 $3.059285 $ 282.019 $7261.909
All of the Town's deposits were covered by Federal Deposit Insurance or collateralized
with securities held by a third party custodian in the Town's name.
7. Accumulated Compensated Absences
It is the Town's policy to permit employees of the Highway Department to accumulate
a limited amount of earned but unused vacation and sick leave, which will be paid to
employees upon separation from the Town's service. Other Town employees
accumulate unused compensated absences. However, such earned, but unused
compensated absences, must be used during their period of employment with the
Town. No payment will be made upon separation from the Town's service.
.,
In governmental and fiduciary funds, the cost of vacation and sick leave is recognized
when payments are made to employees. A long-term liability of$287,939 of accrued
vacation and sick leave at December 31,2001, has been recorded in the General Long-
Term Debt Account Group of Accounts, representing the Town's commitment to fund
such costs from future operations.
5
""
.,
TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31. 2001
Summary of Accounting Policies (Continued)
8. Pension Plans
Plan Description
.,
The Town of Wappinger participates in the New York State and Local Employees'
Retirement System (ERS), and the Public Employees' Group Life Insurance Plan
(Systems). These are cost-sharing multiple-employer retirement systems. The
Systems provide retirement benefits as well as death and disability benefits.
Obligations of employers and employees to contribute and benefits to employees are
governed by the New York State Retirement and Social Security Law (NYSRSSL).
As set forth in the NYSRSSL, the Comptroller of the State of New York
(Comptroller) serves as sole trustee and administrative head of the Systems. The
Comptroller shall adopt and may amend rules and regulations for the administration
and transaction of the business ofthe Systems and for the custody and control of their
funds. The Systems issue a publicly available financial report that includes financial
statements and required supplementary information. That report may be obtained by
writing to the New York State and Local Retirement Systems, Gov. Alfred E. Smith
State Office Building, Albany, New York 12244.
Funding Policy
The Systems are noncontributory except for employees who joined the New York State
and Local Employees' Retirement System after July 27,1976 who contribute 3% of
their salary. Under the authority of the NYSRSSL, the Comptroller shall certify
annually the rates expressed as proportions of payroll of members, which shall be used
in computing the contributions required to be made by employers to the pension
accumulation fund.
The Town of Wappinger is required to contribute at an actuarially determined rate. The
required contributions for the current year and two preceding years were:
2001
2000
1999
ERS
$11.442
$3.609
_$ 1.603
-
The Town's contributions made to the Systems were in excess of 100 percent of the
contributions required for each year. The Town has not recorded a deferred asset for
the excess contributions made since the additional funds have been applied to the
pension credits described below.
6
).,
.,
..
TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31.2001
Summary of Accounting Policies (Continued)
Since 1989, the System's billings have been based on Chapter 62 of the Laws of 1989
of the State of New York. This legislation requires participating employers to make
payments on a current basis, while amortizing existing unpaid amounts relating to the
System's fiscal years ending March 31, 1988 and 1989 (which otherwise were to have
been paid on June 30, 1989 and 1990, respectively) over a 17 -years period, with an
8.75% interest factor added. Local governments were given the option to prepay this
liability. The Town of Wappinger paid this liability in full in 1989.
.. However, during the 1990 Legislative session Chapter 210 was enacted which required
a change in funding method. This change was subsequently ruled unconstitutional but
Chapter 210 also required that any credits created by the initial change be applied to
the Chapter 62 billing change liability. Although the Town had paid its liability as
noted above, an amortization balance was created, which was offset by the prepaid
amortization credit. The Town, therefore, did not record any net liability. In 1998,
the Town elected to apply the accrued pension credits against the amortization balance.
9. Deferred Compensation Plan
Employees of the Town of Wappinger may participate in a deferred compensation plan
adopted under the provisions ofInternal Revenue Code Section 457 (Deferred
Compensation Plans with Respect to Service for State and Local Governments).
The deferred compensation plan is available to all employees of the Town. Under the
plan, employees may elect to defer a portion of their salaries and avoid paying taxes
on the deferred portion until the withdrawal date. The deferred compensation amount
is not available for withdrawal by employees until termination, retirement, death, or
unforeseeable emergency.
The deferred compensation plan is administered by an unrelated financial institution.
., Under the terms of an IRC Section 457 deferred compensation plan, all deferred
compensation and income attributable to the investment of the deferred compensation
amounts held by the financial institution, until paid or made available to the employees
or beneficiaries, are the property of the Town subject only to the claims of the Town's
general creditors of the Town, and each participant's rights are equal to his or her share
of the fair market value of the plan assets. The Town believes that it is unlikely that
plan assets will be needed to satisfy claims of general creditors that might arise.
7
.~;
.,
..
TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31.2001
Summary of Accounting Policies (Continued)
10. Post Employment Benefits
In addition to providing pension benefits, the Town provides health insurance coverage
and survivor benefits for retired employees and their survivors. Substantially all of the
Town employees may become eligible for these benefits if they reach normal
retirement age while working for the Town. Health care benefits and survivors
benefits are provided through an insurance company whose premiums are based on the
benefits paid during the year. The Town recognizes the cost of providing benefits by
recording its share of insurance premiums as an expenditure in the year paid.
.. For the year of2001, $27,269 was paid on behalf of eleven retirees and recorded as
expenditures in the General and Special Revenue Funds.
11. Property Taxes
The Town submits an approved budget to the Dutchess County Commissioner of
Finance by December 5t11 of the previous year. The County then establishes the
warrant for the year which is due and payable on or about January 1 of each year.
The Town collects the taxes on behalf of the Town and County without penalty
through February 28th and with penalties and interest through August 31 st. The
Town's portion of the taxes is recognized and transferred prior to the County's
portion. Therefore, the Town receives its entire tax, leaving the unpaid to the County
Commissioner of Finance.
12. Long-Term Obligations
Long-Term Debt is recognized as a liability of a governmental fund when due, or
when resources have been accumulated in the debt service fund for payment early in
the following year. For other Long-Term Obligations, only that portion expected to
be financed from expendable available financial resources is reported as a fund liability
of a governmental fund. The remaining portion of such obligations is reported in the
"" General Long-Term Debt Account Group.
13. Insurance
The Town of Wappinger assumes the liability for most risk including, but not limited
to, property damage and personal injury liability. Such risks are covered by the
purchase of commercial insurance. Judgments and claims are recorded when it is
probable that an asset has been impaired or a liability has been incurred and the
amount of loss can be reasonably estimated. Workers compensation coverage is
provided through a retrospective policy, wherein premiums are recorded based on the
ultimate cost of the experience to date of workers in similar occupations.
8
y
.,
.,
TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31.2001
Summary of Accounting Policies (Continued)
14. Reserves of Fund Equity
The Town records indicate that portions of the fund equity are segregated for a
specific future use. The following details the description and amounts of the reserves
used by the Town:
BALANCE AT
DECEMBER 31.2001
A. General Fund
.,
Miscellaneous:
Reserved for Inspection Fees
Reserved for Escrow
Total Miscellaneous Reserves
TOTAL
330,000
72,900
402.900
$ 402.900
15. Allowance for Uncollectible Accounts
An Allowance for Uncollectible Accounts is not reflected in the Special Revenue
Fund. Past due accounts after one year are placed on the county tax rolls for
collection, and reimbursed to the Town as they are put on the tax rolls by the
County.
NOTE B - Interfund Receivables and Pavables
The following is a summary of amounts due form and due to other funds as of December 31,
2000:
DUE TO DUE FROM
General Fund $ 166 $ 662,664
., Capital Projects Fund 523,282 13,425
Special Revenue Fund 21,750 166
Water Fund 23,457 400
Sewer Fund 110.525 2.525
TOTAL $ 679.180 $ 679.180
9
t,
.,
..
TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31.2001
NOTE C - General Fixed Assets Account Grouo
The following is a summary of changes and adjustments in the General Fixed Assets Account
Group, for the year ended December 31, 2001:
BALANCE- BALANCE-
January 1, DECEMBER 31,
2001 ADDITIONS (DELETIONS) 2001
Land $ 6,549,550 $-0- $-0- $ 6, 549,550
Buildings 7,191,697 $97,152 -0- 7,288,849
Improvement Other
.. 1113n Buildings 2,892,058 -0- -0- 2,892,058
Machinery and
Equipment 3,481.941 400.624 168.800 3.713.765
TOTAL $20.115.246 $ 497.776 $ 168.800 $20.444.222
NOTE D - Bond Anticioation Notes Pavable
Bond Anticipation Notes Payable are renewed annually and are not to exceed five renewals,
except for water and sewer improvements which may be renewed for the life of the
improvement not to exceed twenty years.
The bond Anticipation Notes outstanding as of December 31,2001, are as follows:
AMOUNT
OUTSTANDING
ORIGINAL ORIGINAL AT
ISSUE MATURITY INTEREST AMOUNT OF DECEMBER 31,
PURPOSE DATE DATE DATE ISSUE 2001
Water 07/06/00 07/05/02 2.83% $ 500,000 $ 480,000
Sewer 09/17/91 07/05/02 2.83% 4,000,000 650,000
Sewer 07/11/96 07/05/02 2.83% 403,000 135,000
Landfill 07/09/98 07/05/02 2.83% 580,000 225,000
.. Water 07/06/0 I 07/05/02 2.83% 160,000 160,000
Dean Property 07/09/98 07/05/02 2.83% 155.000 35.000
A Fund
SUBTOTAL $ 5.798.000 $ 1.685.000
Highway Equip 12/21/00 12/20/02 1.91% 239,991 192,000
Highway Equip 12/21/00 12/20/02 1.91% 363,000 228,000
Sewer 3/06/01 3/06/02 3.5 <1'10 2,566,420 2,566,420
Water 5/03/01 5/03/02 3.12% 2,000,000 2,000,000
Sewer 7/30/01 4/30/02 2.85% 500,000 500,000
TOTAL $9.156.411 $7.171.420
10 t,
..
..
TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31. 2001
NOTE E - Long-Term Debt
1. Serial Bonds
The Town borrows money in order to acquire or construct buildings and public improvements.
This enables the cost of these capital assets to be borne by the present and future taxpayers
receiving the benefit of the capital assets. These long-term liabilities, which are full faith and
credit debt of the Town, are recorded in the General Long-Term Debt Account Group. The
provision to be made in future budgets for capital indebtedness represents the amount,
exclusive of interest, authorized to be collected in future years from taxpayers and others for
liquidation of long-term liabilities.
..
The Serial Bonds Payable, as of December 31, 2001 are as follows:
AMOUNT
OUTSTANDING
ORIGINAL AT
ISSUE MATURITY INTEREST AMOUNT DECEMBER 31,
PURPOSE DATE DATE .Mn OF ISSUE 2001
Water 36,800 2,400
Sewer 55.200 3.600
02/15/73 11/15/03 5.0% 92.000 6.000
Water 400,000 32,000
Sewer 500,000 39,000
Drainage 375.000 29.000
03/01/74 03/01/03 5.8% 1.275.000 100.000
Water 2,630,000 297.000
Sewer 3,005,000 336,000
Drainage 400.000 42.000
05/01/77 05/01/04 5.375% 6.035.000 675.000
Water 148,070 36,600
Sewer 362,000 89.700
Town Hall 700.000 173.700
fill 12/01/85 06/01/05 7.75% 1.210.070 300.000
Sewer 364,500 24,800
Machinery and Equipment 207.000 10.200
05/01/87 05/01/02 6.3% 571.500 35.000
* Water 824,400 -0-
Sewer 528,000 -0-
Drainage 2.192.600 -0-
08/15/91 08/15/11 6.5% 3.545.000 -0-
11
,5'
."
fill
TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31. 2001
AMOUNT
OUTSTANDING
ORIGINAL AT
ISSUE MATURITY INTEREST AMOUNT DECEMBER 31,
PURPOSE DATE ..Rill RATE OF ISSUE _ 2001
Sewer Tri-Municipal
11/12192 09/15/12 3% - 6.65% 6.060.000 3.795.000 .
~ ~Emergency Services
Building 10/01/94 10/01/14 6.01% 1.500.000 -0-
Sewer Tri-Municipal
12/15/94 05/15/15 Variable 8.519.786 6.225.000
fill Sewer Tri-Municipal
06/01/95 11/15/15 3.70 - 5.55% 2.610.054 1.970.000
Water-Fleetwood
07/30/98 10/15/18 4.8094% 510.000 450.000
Emergency Services
Building 05/04/00 05/04/05 5.50010 160.000 128.000
Purchase of
Greystone Prop. 09/26/00 1 % 1/20 5.3173% 2.085.000 2.025.000
Refunding Serial Bond
Water 452,732 452,732
Sewer 288,876 288,876
Drainage 1.253.392 1.253.392
10/02/01 08/15/11 3.772% $1,995,000 1,995,000
Refunding Serial Bond
Emergency Services
Building 10/02/01 10/11/14 4.0023% 1.275.000 1.275.000
TOTAL $37.443.410 $18.979.000
fill
* On February 1, 1999, the Town Board adopted a Refunding Bond Resolution authorizing the issuance of
refunding bonds. On October 2,2001, the Town issued Refunding Bonds designed as Public Improvement
refunding (Serial) Bonds, Series A 2001 in the amount of$I,995,000 and Public Improvement Refunding
(Serial) Bonds, Series B 2001 in the amount of $1,275,000.
The Series A 2001 issue refunded Public Improvements Serial Bonds originally issued August 15, 1991 and the
Series B 2001 issue refunded the Emergency Services Building Serial Bond originally issued September 27,
1994.
The issuance of the Refunding Bonds by the Town will save the Town approximately $213,899 in interest.
12
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.,
.,
.,
TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31.2001
The annual requirements to amortize bonded debt, as of December 31,2001, are as follows:
YEAR ENDING
DECEMBER 31, PRINCIPAL INTEREST TOTAL
2002 $ 1,620,000 $ 1,047,028 $ 2,667,028
2003 1,585,000 969,368 2,554,368
2004 1,562,000 883,419 2,445,419
2005 1,357,000 804,748 2,161,748
2006 1,285,000 732,251 2,017,251
111ereafter 11.570,000 3,315,753 14,885,753
., i 18.979.000 $ 7.752.567 $ 26.731.567
NOTE E - Long Term Debt (continued)
2. Changes
The changes in the Town's indebtedness during the year ended December 31,2001 are summarized as follows:
BALANCE BALANCE
January 1. 2001 ADDITIONS (REDUCTIONS) December 31.2001
Serial Bonds $ 20,264,000 $ 3,270,000 $ (4,555,000) $ 18,979,000
Landfill Closure
and Post-Closure
Costs - Note J 250,000 -0- (25,000) 225,000
TriMunicipal SewerPlant
Expansion Phase 3A
Note I 5,336,909 2,476,671 (88,000) 7,725,580
Judgements and Claims -0- 40,000 -0- 40,000
Compensated
Absences - Note A.8 307,932 -0- 19,993 287.939
., Total $ 26.J58.841 $ 5.786.671 $ (4.687.993) $ 27,257.519
NOTE F - Operating Leases
The Town is committed under various leases for office equipment and communication equipment. These leases
are considered for accounting purposes to be operating leases. Lease expenditures for the year ended December
31, 2001 amounted to $31,209. At December 31, 2001, the approximate annual operating lease commitments,
subject to appropriation of funds, were as follows:
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TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31.2001
YEAR ENDING
DECEMBER 31,
2001
2002
2003
OPERATING
LEASES
$30,540
$9,170
$ 1.610
TOTAL MINIMUM LEASE PAYMENTS
$41.320
,
NOTE G - Deficit Fund Balances
Certain Capital Projects had deficits of fund equity at the end of the year which are listed below. These deficits
arose through the funding of expenditures by issuing bond anticipation notes. As the notes are paid, revenue
will be recognized and the deficits will be eliminated.
Castle Point Landfill (197,145)
Flcctwood Water ( 4,918)
CWW 99 2-R. (739,847)
Purchase-Dean Property (30,195)
Emergency Central Wapp Water#1 (637,939)
Highway Equipment-1999 (227,487)
Highway Equipcnt-2000 (191,733)
Wappinger North Water-Anvil Court (39,350)
Drainage (89,433)
TriMunicipal Phase 3A (828,168)
TriMunicipal Phase 3B (13,810)
Highway Equipmcnmt-2001 (242,729)
NOTE I - Commitments and Contin2ent Liabilities
1. The Town is a defendant in various lawsuits and tax certiorari cases. The outcome of these cases and
lawsuits, as determined by the Town Attorney, should not result in material unfavorable settlements. Any
return of property taxes made as a result of the settlement of a tax certiorari case is funded by an increase in
the property taxes collected in the year subsequent to payment. A provision has been made in the Long-
term Debit Account Group for $40,000.
,
2. The Town has received amounts from grantor agencies, principally the Department of
Housing and Urban Development. Any allowed claims, including amounts already collected,
may constitute a liability of the applicable funds. The amount, ifany, of expenditures which
may be disallowed by the grantor agency cannot be determined at this time.
3. Tri-Municioal Sewer Exoansion
A consent judgment was executed between the Town and the New York State Department of
Environmental Conservation dated April 18, 1998 regarding alleged environmental
violations. Due to numerous technical difficulties, the Town of Wappinger was unable to
meet the threshold dates contained in the consent judgment, and an amended consent
judgment was re-negotiated and approved by both parties.
This amended consent judgment required the Town to construct a sewer line to the
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TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31. 2001
Tri-Municipal Sewer Treatment Plant plus a one million gallon expansion of said plant.
The Town, however, does not own the plant nor does it have voting rights on the
Commission's governing board. The plant is owned and operated by the Tri-Municipal
Sewer Commission, made up of representatives of the Town of Poughkeepsie and the
Village ofWappingers Falls. Construction is on-going; however, as a result of additional
difficulties between the Tri-Municipal Sewer Commission and the Department of
Environmental Conservation.
..
Funding for the project has been provided by two authorizations for a total project cost of
$19,630,054. Through December 31,2001, $17,189,840 in bonds have been issued through
the Environmental Facility Corporation and $2,060,414 in Bond Anticipation Notes have
been issued.
Total project costs incurred through December 31,2001, amounted to $18,139,969. Under
the terms of the agreements with the Environmental Facility Corporation, serial bond
proceeds are required to be deposited into a Construction Fund Account, be invested in
US Treasury securities until drawn upon, and be subject to regulatory approvals before
being drawn upon. The unspent balance in the Construction Fund Account amounted to
$614,146 as of December 31, 2001, and is classified as a Restricted Asset to be used for debt service.
NOTE I - Commitments and Contin2ent Liabilities (continued)
4. Tri-Municipal Sewer Plant Expansion - Phase IDA
In May 1996, the Town entered into a contract with the Tri-Municipal Sewer Commission
with regard to the further expansion of the Commission's sewage treatment facility, from
2.4 million gallon per day capacity to 3.4 million gallon per day capacity. The
commission will hire consultants to prepare a map, plan and report which will include
environmental studies, permit applications and estimates of project costs. The funding for
,., the map, plan and report and other related costs has been provided through bond
resolution totaling $575,000, of which $145,000.00 has been paid through tax levy. On April 1999, the
Town Board through bond resolution, authorized $9,970,000 to cover construction and related costs of the
project, bringing the total authorized bonding for the project to $10,400,000.
The Town Board, on April 23, 2001, adopted a bond resolution to increase the estimated cost of the
improvements for Phase IlIA in the amount of $500,000 raising the authorized bonding for the project to
$10,900,000.
In April 1999, the Town applied for long-term financing for the project through the New York State
Environmental Facilities Corporation and has received that $10,232,244 of the project cost will be financed
by NYS EFC SRF long-term loan with a projected closing on the long-term financing of March 14,2002 as
of December 31, 2001. However, NYS Environmental Facilities Corporation determined that during
construction, short-term financing will be provided before long-term financing is issued on the project.
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TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31. 2001
New York State Environmental Facilities Corporation has provided the following short-term financing: (1)
September 1999, $2,676,455, (2) October 2000, $2,680,454, (3) March 2001, $2,476,671 totaling
$7,833,580, which has been recorded in the long term debt account group with paydowns on principal
totaling $108,000 (See Note E).
In addition, the Town of Wappinger issued Bond Anticipation Notes in the amount of $2,566,420 on March
6,2001 and $500,000 on July 30,2001 for a total $3,066,420, bringing the total borrowing as of December
31,2001 to the project authorized amount of $10,900,000.
Through Decemuer 31, 2001, total project costs incurred amounted to $8,812,213.
5. Central Wappinger Water Improvement Area 99-2R
.,
In February 2001, the Town Board adopted a Bond Resolution authorizing the issuance of $8,590,000 in
serial bonds to pay the costs of the water improvement. On March 2,2001, the Town Board issued
$2,000,000 in bond anticipation notes to pay part of the costs of aforesaid project.
The Town is planning to apply for long-term financing for the project through the New York State
Environmental Facilities Corporation.
The costs incurred on the project amounted to $872,389, as of December 31,2001.
6. Town Recreation Center
On September 10,2001 the Town Board adopted a bond resolution authorizing the issuance of $2,496,000
to pay for the construction of the Town Recreation Center
NOTE J - Municioal Landfills
1. Castle Point Landfill
The Town has voluntarily entered into a Consent Order with the New York State Department of
Environmental Conservation to close, cap and monitor the landfill at Castle Point. The Town estimates the cost
.,
of closing and capping the landfill to be $550,000, which has been recorded in the Long Term Debt Account
Group (see Note E). The costs of monitoring, which could be required for up to thirty years after closure, have
not been estimated since an agreement with the Department of Conservation has not yet been reached as to the
nature and extent or required monitoring. The costs of both closure and postc1osure monitoring are ordinarily
recognized over the expected useful life of the landfill. However, since the landfill has stopped accepting
refuse, all costs are being recognized as the terms of closure and postc1osure requirements are determined. The
actual costs may be higher due to inflation, changes in technology or subsequent changes in regulations.
The Town solicited and awarded contracts in 1998 for the closure of the landfill. A total of$563,931 has been
expended on the project as of December 31, 2001.
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TOWN OF WAPPINGER, NEW YORK
NOTES TO THE FINANCIAL STATEMENTS (CONT'D.)
DECEMBER 31. 2001
2. Pou2hkeeosie-Waooin2ers-LaGran2e Joint Landfill
The Town has shared in the monitoring costs ofa closed landfill, the Poughkeepsie-
Wappinger-LaGrange Joint Landfill. This joint activity included the City and Town of Poughkeepsie, the
Village ofWappingers Falls and the Town of LaGrange, as well as the Town of Wappinger. All costs
associated with monitoring are recognized as incurred. No assessment of the extent and cost of future
monitoring costs has been made. Any such costs will be shared equally among the five municipalities. The
Town's share of monitoring costs for the year ended December 31, 2001 amounted to $1,701. Financial
statements are available from the Joint Landfill's Board.
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