1999-12-31
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POUGHKEEPSIE-W APPINGERS-LAGRANGE
JOINT LANDFILL PROJECT
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FINANCIAL STATEMENTS
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YEAR ENDED DECEMBER 31, 1999
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POUGHKEEPSIE- W APPINGERS-LAGRANGE JOINT LANDFILL PROJECT
TABLE OF CONTENTS
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Accountant's compilation report
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Balance sheet
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Statement of revenues and expenditures
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Statement of cash flows
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Mid-lIudson Par'tnel's
Michael C. Betros. CPA/PFS
Peter C. Geertz, CPA
John J. Cina, CPA/pr,'S
Wayne E. Sauer. CPA
Jeffrey F. Harrison. CPA
John D. Bertolozzi. Jr.. CPA
Joanne M. Casabura, CPA. crp
510 lIaight Ave., Poughkeepsie. N.Y. 12603
914-473-7774
Fax: 914-454-8485
140 Church St.. P.O. Box D
Millbl'Ook. N.Y. 12545
914-677-6823
Fax: 914-677-0004
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Board of Governors
l.. Poughkeepsie- Wappingers-LaGrange
Joint Landfill Project
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We have compiled the accompanying balance sheet of the Poughkeepsie- Wappingers-LaGrange Joint Landfill
Project as of December 31,1999, and the related statement of revenues and expenditures and statement of
cash flows for the year then ended, in accordance with Statements on Standards for Accounting and Review
Services issued by the American Institute of Certified Public Accountants.
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A compilation is limited to presenting in the form of financial statements information that is the representation
of management. We have not audited or reviewed the accompanying financial statements and, accordingly,
do not express an opinion or any other form of assurance on them.
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Management has elected to omit substantially all of the disclosures required by generally accepted accounting
principles. If the omitted disclosures were included in the financial statements, they might influence the
user's conclusions about the Joint Landfill's financial position, results of operations, and cash flows.
Accordingly, these financial statements are not designed for those who are not informed about such matters.
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We are not independent with respect to the Poughkeepsie-Wappingers-LaGrange Joint Landfill Project.
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.... February 11, 2000
Poughkeepsie, New York
... Mid-Hudson. Utica/Rome. Westchester
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POUGHKEEPSIE-W APPINGERS-LAGRANGE JOINT LANDFILL PROJECT
BALANCE SHEET
December 31, 1999
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ASSETS
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Current assets
Cash
Total assets
$ 29.979
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LIABILITIES AND FUND BALANCE
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Current liabilities
Accounts payable
Deferred income
Total current liabilities
$ 191
10.860
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Fund balance, beginning
17,697
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Add: Excess of revenues over expenditures
1.231
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Fund balance, ending
Total liabilities and fund balance
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$ 29.979
$ 11,051
18.928
$ 29.979
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POUGHKEEPSIE-W APPINGERS-LAGRANGE JOINT LANDFILL PROJECT
STATEMENT OF REVENUES AND EXPENDITURES
Year ended December 31,1999
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Revenues
Assessment
$ 12,199
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Expenditures
Maintenance
Utilities
Accounting
Total expenditures
$ 7,150
3,018
800
10.968
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Excess of revenues over expenditures
$ 1.231
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POUGHKEEPSIE-W APPINGERS-LAGRANGE JOINT LANDFILL PROJECT
STATEMENT OF CASH FLOWS
Year ended December 31,1999
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Cash Flows From Operating Activities
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Excess of revenues over expenditures
Adjustment to reconcile excess of revenues over
expenditures to net cash provided by operating activities
Decrease in
Accounts receivable
Deferred revenue
Accounts payable
Net cash provided by operating activities
$ 4,842
(1,339)
(104)
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Cash, beginning
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Cash, ending
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See accountant's report
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$ 1,231
3.399
4,630
25.349
$ 29.979
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