1991-12-31
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DJ ARCANGELO & co.
POUGHKEEPSIE-WAPPINGERS-LAGRANGE JOINT LANDFILL PROJECT
FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31. 1991
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DJARCANGELO & co.
CERTIFIED PUBLIC ACCOUNTANTS
38 Haight Ave., Poughkeepsie. New York 12603 Tel. 914-473-7774
Fax. 914-454-8485
Poughkeep.ie Pertner.
Cherie. J. Meneri, Jr. CPA
Thom.. A. c.meg CPA
Mich..1 C. Setro. CPA
Joeeph P. Cempbell CPA
Peter C. Geeru CPA
John J. Cine CPA
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, 1991, 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.
We are not independent with respect to the Poughkeepsie-
Wappingers-LaGrange Joint Landfill Project.
J)1~4/-o.
January 14, 1992
Poughkeepsie, New York
POUGHKEEPSIE
PURCHASE
UTICA/ROME
EXHIBIT "A"
D'ARCANGELO &. CO.
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POUGHKEEPSIE-WAPPINGERS-LAGRANGE JOINT LANDFILL PROJECT
BALANCE SHEET
DECEMBER 31. 1991
ASSETS
CURRENT ASSETS
Cash
Accounts Receivable
Total Current Assets
$ 15,321
20.000
35.321
$ 35,321
TOTAL ASSETS
LIABILITIES AND FUND BALANCE
CURRENT LIABILITIES
Accounts payable
$ 7,418
....
20,000
DEFERRED INCOME
FUND BALANCE
January 1, 1991
Less: Excess of Expenditures
Over Revenues - Exhibit "B"
$ 9,787
C1.884}
FUND BALANCE -
December 31, 1991
7.903
TOTAL LIABILITIES AND FUND BALANCE
$ 35,321
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(See Accountants' Compilation Report)
EXHIBIT "B"
DJARCANGELO & CO.
POUGHKEEPSIE-WAPPINGERS-LAGRANGE JOINT LANDFILL PROJECT
STATEMENT OF REVENUES AND EXPENDITURES
DECEMBER 31. 1991
=
REVENUES
Assessment
$ 20,000
EXPENDITURES
Maintenance
utilities
Accounting
$ 17,084
4,270
530
21. 884
EXCESS OF EXPENDITURES OVER REVENUES -
Exhibit "A"
$ (1,884)
(See Accountants' compilation Report)
D'ARCANGELO &. co.
EXHIBIT "c"
POUGHKEEPSIE-WAPPINGERS-LAGRANGE JOINT LANDFILL PROJECT
STATEMENT OF CASH FLOWS
DECEMBER 31. 1991
OPERATING ACTIVITIES
EXCESS OF EXPENDITURES OVER REVENUES - Exhibit "B"
$
(1,884)
Adiustment to Reconcile Net Income to Net
Cash Provided Bv Ooeratinq Activities
Increase in Accounts Payable
4.226
Net Cash Provided bv Ooeratinq Activities
2,342
CASH - January 1. 1991
12.979
CASH - December 31. 1991 - Exhibit "A"
$ 15,321
(See Accountants' Compilation Report)
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DJARCANGELO & co.
CERTIFIED PUBLIC ACCOUNT ANTS
38 Haight Ave., poughkeepsie, New York 12603 Tel. 914-473-7774
Fax. 914-454-8485
Board of Governors
poughkeepsie-Wappingers-LaGrange
Joint Landfill
wappingers Falls, New York
poughkeepsie Pertners
Cherles J. Meneri. Jr. CPA
C'" ".-......-. I 'J;' -. tbomes R. Csilleg CPA
r~, j-- ~ I t- i \ t-l.1i)heel C. Betros CPA
. _.' - - . - :mseph P. Cempbell CPA
Peter C. Geertz CPA
! t\ i,l ') 1 1jC\QjlJohn J. Cine CPA
,j ,-ld'" oJ...
SU:"EfWlf;OH'S OFFICE
TCj\t\ll".~ or= VJtl:'Plf\;Gf:F.1
This letter is to confirm our understanding of the terms and
objectives of our engagement and the nature and limitations of
the services we will provide.
We will perform the following services:
1. We will compile, from information you provide, the annual
Balance Sheet and the related statements of Revenues and
Expenditures, Fund Balance and Cash Flows of the poughkeepsie-
wappingers-LaGrange Joint Landfill for the year 1991. We will
not audit or review such financial statements. Our report on
the annual financial statements of the poughkeepsie- Wappingers-
LaGrange Joint Landfill is presently expected to read as
follows:
We have compiled the accompanying Balance Sheet of the
poughkeepsie-Wappingers-LaGrange Joint Landfill as of
December 31, 1991 and the related statements of Revenues
and Expenditures, Fund Balance, and 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.
We are not independent with respect to the poughkeepsie-
Wappingers-LaGrange Joint Landfill project.
If, for any reason, we are unable to complete the compilation of
your financial statements, we will not issue a report on such
statements as a result of this engagement.
Our engagement cannot be relied upon to disclose errors,
irregularities, or illegal acts, including fraud or defalcations,
that may exist.
We shall be pleased to discuss this letter with you at any time.
sincerely,
.D'A~'J-&~
D'Arcangelo & Co., CPAs
POUGHKEEPSIE
PURCHASE
UTICA/ROME