1992-12-31
...
.....
~
....
DIARCANGELO & ca.
POUGHKEEPSIE-WAPPINGERS-LAGRANGE JOINT LANDFILL PROJECT
FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 1992
\1,.
Charles J. Maneri. Jr CPA
Thomas R. Csillag CPA
Michael C. Betros CPA
Joseph P. Campbell CPA
Peter C. Geertz CPA
John J. Cina CPA
DJARCANGELO & CO.
CERTIFIED PUBLIC ACCOUNTANTS
38 Haight Avenue
Poughkeepsie. New York 12603
914-473-7774
Franklin Ave. P. O. Box 0
Millbrook. New York 12545
914-677-6823
Fax 914-454-8485
Board of Governors
Poughkeepsie-Wappingers-LaGrange
Joint Landfill Project
We have compiled the accompanying Balance Sheet of the
Poughkeepsie-Wappingers-LaGrange Joint Landfill Project as of
December 31, 1992, and the related Statement of Revenues and
Expenditures and Statement of Cash Flows for the year then ended,
in accordance with standards established by the American Institute
of Certified Public Accountants.
......
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.
Management has elected to omit substantially all of the
disclosures ordinarily included in financial statements. If the
omitted disclosures were included in the financial statements, they
might influence the user's conclusions about the Company's assets,
liabilities, equity, revenues, and expenses. Accordingly, these
financial statements are not designed for those who are not
informed about such matters.
We are not independent with respect to the Poughkeepsie-
Wappingers-LaGrange Joint Landfill Project.
_b~.~~'
-....
January 7, 1993
Poughkeepsie, New York
MID-HUDSON
WESTCHESTER
UTICA/ROME
EXHIBIT "A"
'-'
POUGHKEEPSIE-WAPPINGERS-LAGRANGE JOINT LANDFILL PROJECT
BALANCE SHEET
DECEMBER 31. 1992
ASSETS
CURRENT ASSETS
Cash
Accounts Receivable
Total Current Assets
$ 13,750
19,000
32.750
TOTAL ASSETS
$ 32,750
~
LIABILITIES AND FUND BALANCE
CURRENT LIABILITIES
Accounts Payable
$
626
DEFERRED INCOME
19,000
FUND BALANCE
January 1, 1992
Less: Excess of Revenues Over
Expenditures - Exhibit "B"
$ 7,903
5.221
FUND BALANCE -
December 31, 1992
13.124
TOTAL LIABILITIES AND FUND BALANCE
$ 32,750
/
:....
See Accountant's Compilation Report
....
~
t.r-
EXHIBIT "B"
POUGHKEEPSIE-WAPPINGERS-LAGRANGE JOINT LANDFILL PROJECT
STATEMENT OF REVENUES AND EXPENDITURES
DECEMBER 31. 1992
REVENUES
Assessment
EXPENDITURES
Maintenance
utilities
Accounting
$ 9,942
3,432
1. 405
EXCESS OF REVENUES OVER EXPENDITURES -
Exhibit "A"
See Accountant's Compilation Report
$ 20,000
14.779
$ 5,221
-.
~
..~...,
EXHIBIT "C"
POUGHKEEPSIE-WAPPINGERS-LAGRANGE JOINT LANDFILL PROJECT
STATEMENT OF CASH FLOWS
DECEMBER 31, 1992
OPERATING ACTIVITIES
EXCESS OF REVENUES OVER EXPENDITURES - Exhibit "B"
Adjustment to Reconcile Excess of
Revenue Over Expenditures to Net Cash
Used in Operatinq Activities
(Increase)jDecrease in:
Accounts Receivable
Increasej(Decrease) in:
Accounts Payable
Deferred Revenue
Net Cash Used in Operatinq Activities
$ 1,000
(6,792)
(1,000)
CASH - Januarv 1, 1992
CASH - December 31, 1992 - Exhibit "A"
See Accountant's Compilation Report
$
5,221
(6.792)
(1,571)
15.321
$ 13,750