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1980-12-31 ,.. .... ,. ... RECEIVED APR 2 9 1981 . . ELAINE H. SNOWDEN ... ,. .. .. ... MARCH I, 1981 ... TOWN OF WAPPINGER AUDIT REPORT DECEMBER 31, 1980 .. ... i .. 1 ... ... \ .. ~ l J .. ; , .. L 1. g>elkrM~' and g~ ~ !?.I~ .91-1.... J 'i .. f II .~ ", J t .. J J J J :I J .j J J ~ j J ..;1 II J . *I J .. .. .. TOWN OF WAPPINGER .. TABLE OF CONTENTS .. DECEMBER 31, 1980 .. L. Page 1 Auditors' Report Pages 2-3 Comments Pages 4-5 All Funds Pages 6-8 General Fund Pages 9-12 Special Revenue Fund Pages 13-16 Water Districts Pages 17-20 Sewer Districts Page 21 Debt Service Fund Pages 22-24 Capital Projects Fund Pages 25-26 Trust and Agency Fund Page 27 Long-Term Debt Group of Accounts Page 28 General Fixed Assets .. .. II .. .. .. K .. .. .. .. .. lit 1- i. L L {/JeI/,rW' a""j !7~ ~ g;"J1itJ ~ ~.&r... J J J J J .~ " ~ .. J J .,t <~ '" J J J J J J .A II J ij .II J J rI .. III f!jJellerini and !/~ ~e1'-ItjU gJaIIu ~"~ C:r;ectJi",e g; ~ III .. ONE OVEROCKER ROAD POUGHKEEPSIE, NEW YORK 12603 .. 914-4152-9090 MARK S. O'SULLIVAN, C.P.A. .. .. March 1, 1981 .. .. Mr. Louis D. Diehl, Supervisor Members of the Town Board Town of Wappinger Wappingers Falls, New York 12590 .. Gentlemen: L. We have examined the balance sheets of the various funds of the Town of Wappinger, New York, as of December 31, 1980 and the related statements of revenue and expenditures and changes in fund balance for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. ... ... ~ L. In our opinion, the accompanying balance sheets and related state- ments present fairly the financial position of the various funds and balanced account groups, with the exception of the Fixed Asset Group of Accounts, for the Town of Wappinger, New York, at December 31, 1980, and the results of their operation for the year then ended, in con- formity with generally accepted accounting principles applicable to governmental entities, applied on a basis consistent with that of the preceding fiscal year. .. " .. Respectfully submitted, II. , lit PELLEGRINI AND SEDORE, C. P. A.s ,f. ~, t-. James L. Sedore, Jr. Certified Public Accountant i .. JLS:fs ;, , .. Enc: Statements ~ ~' .. L 1 4 iii ~ . " .. "11 . J"" ...h '.' J J J j '. .. J J J J "J! J J .~ Ii j III ~ ~ , .. J ~ III II1II .. TOWN OF WAPPINGER COMMENTS .. FOR THE YEAR ENDED DECEMBER 31, 1980 ... .. 1. Method of Accounting: .. During the year under review, the books and records were maintained on the modified accrual basis of Accounting using a double entry system. 2. Accounting Records: .. Books and records as maintained by the Comptroller's office were adequate for the purpose of presenting fairly the financial position and results of operations of the respective funds, and the financial position of the self-balancing account groups. .. 3. Fixed Assets: i. ill General Fixed Assets are recorded as expenditures in all but the Enterprise Funds, at the time of purchase. Such assets are subsequently capitalized at cost in the General Fixed Assets Group of Accounts. Gifts or contributions are recorded in the General Fixed Assets Group of Accounts at fair market value as of the date received. This procedure has been followed since 1975. .. .. However, the State of New York, Department of Audit and Control has mandated that, as of fiscal years beginning in 1978, municipalities will be required to maintain fixed asset accounting. In order to fully comply with this mandate, it would have been necessary to compile a record of property owned as of January 1, 1978 and to establish necessary bookkeeping procedures to safeguard and account for these assets. As of the date of this report, these procedures have not been undertaken. ~ III ~ 4. Depreciation: L. Depreciation as an element of expense has been recorded in the Enter- prise Funds. However, due to the absence of an updated list of General Fixed Assets. depreciation on those assets has not been recorded. .. t II. l .~~ l1li 2 L fjJJj,,,.uuo ana !/erio- ~ gJ"jk ~ .../_.0 l 5. Internal Controls: J J j During the year under review, internal controls were adequate for the purpose of exercising effective accounting control over assets, except General Fixed Assets, Liabilities, Revenues and Expenditures. 3 J J II J ~ ~ ~ d j J j J J '. II j J J J J J 6. New York State Retirement Contributions: Contributions into the New York State Retirement System are recorded as expenses when due, not when incurred. As a result, retirement contri- butions recorded for the year ended December 31, 1980 are for the retire- ment systems year ended March 31, 1979. This practice has no material effect on the Financial Statements for the year ended December 31, 1980. g'JeIJ,r. (urd .9'edON ~;t-t fiJ.IIie J<f-t~ .. - .. TOWN OF WAPPINGER BALANCE SHEET ALL FUNDS DECEMBER 31, 1980 .. ASSETS .. .. CURRENT ASSETS Cash in Bank and on Hand Accounts Receivable Prepaid Expenses Certificates of Deposit $ 601,296.25 214,249.83 5,911.58 673,260.75 .. TOTAL CURRENT ASSETS .. FIXED ASSETS General Fixed Assets Utility Plants in Service Less: Accumulated Depreciation $12,645,786.03 2,837,201.70 9,808,584.33 $3,359,004.56 , .. TOTAL FIXED ASSETS '- TOTAL ASSETS ~ LIABILITIES AND FUND BALANCE '- CURRENT LIABILITIES Accounts Payable Retained Percentages, Contracts Payable Serial Bonds Payable - Current Portion $ 90,403.68 28,638.38 361,000.00 .. TOTAL CURRENT LIABILITIES ... LONG-TERM LIABILITIES Serial Bonds Payable lit TOTAL LIABILITIES 'r .. FUND BALANCE Appropriated - 1981 Budget Unappropriated $ 215,008.00 6,075,257.24 .. TOTAL FUND BALANCE (Exhibit A-2) t .. TOTAL LIABILITIES AND FUND BALANCE z. .. i'i .. -il' I II.. 4 \.. g;-IJ,jW4ni and ~d~ ~ &P.lki> oW"-.-I-a EXHIBIT A-I $ 1,494,718.41 13,167,588.89 $14,662,307.30 $ 480,042.06 7,892,000.00 $ 8,372,042.06 6,290,265.24 $14,662,307.30 TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE ALL FUNDS FOR THE YEAR ENDED DECEMBER 31, 1980 REVENUE Real Property Taxes Special Assessments Other Tax Items Departmental Income Use of Money and Property Licenses and Permits Fines and Forfeited Bail State Aid Federal Aid $1,057,847.88 711,923.00 20,633.57 493,116.49 131,618.15 35,840.98 26,959.60 538,944.36 136,109.00 TOTAL REVENUE EXPENDITURES Personal Services Contractual Expense Employee Benefits Interest $ 634,378.68 1, 161, 736. 77 168,400.15 459,099.50 TOTAL EXPENDITURES EXCESS OF REVENUE OVER EXPENDITURES BEFORE DEPRECIATION DEPRECIATION EXCESS OF REVENUE OVER EXPENDITURES OTHER CHANGES IN FUND BALANCE To Adjust to Accrual Basis of Accounting In All Water and Sewer Districts at January 1, 1980 FUND BALANCE - January 1, 1980 FUND BALANCE - December 31, 1980 5 g>JI,~,. ond !/dDl't' ~?.I& d Iff"". i .. EXHIBIT A-2 ~ .. iI III J zl it .~ .. $3,152,993.03 J J ~j .. J J II J ..~ II J J J J 2,423,615.10 $ 729,377.93 316,144.65 $ 413,233.28 122,372.64 5,754,659.32 $6,290,265.24 <, iii J ...~ .. 5': Ii ~ ill EXHIBIT B-1 .. .. TOWN OF WAPPINGER BALANCE SHEET GENERAL FUND DECEMBER 31, 1980 .. .. ASSETS .. Town Outside Total Townwide Village Cash in Bank and on Hand $151,477.22 $20,634.74 $ 85,128.61 Accounts Receivable 6,740.00 6,740.00 Prepaid Expenses 5,429.72 2,234.20 3,195.52 Certificates of Deposit 109,311.28 109,311.28 Due from Other Funds 42.294.83 27,900.00 14,394.83 TOTAL ASSETS $315,253.05 $57,508.94 $212,030.24 Highway .. $45,713.87 .. till $45,713.87 .. LIABILITIES AND FUND BALANCE Accounts Payable $ 17,522.03 $ 6,479.34 $ 3,263.24 $ 7,779.45 II. FUND BALANCE Appropriated - 1981 Budget Unappropriated $119,000.00 $54,000.00 178,731.02 (2,970.40) $ 65,000.00 143,767.00 $ 37,934.42 .. .. TOTAL FUND BALANCE (Exhibit B-2) $297,731.02 $51,029.60 $208,767.00 $37,934.42 i. TOTAL LIABILITIES AND FUND BALANCE $315,253.05 $57,508.94 $212,030.24 $45,713.87 .. i till .. ~ lit t .. .. ! i. 6 t II. g;eIk~i and ~a'o,r.. ~~.I& ~....4 EXHIBIT B-2 .~ iii , TOWN OF WArP INGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND FOR THE YEAR ENDED DECEMBER 31, 1980 f .. ;~ .. Town Outside Highway Total Townwide Village (Exhibit B-3) REVENUE Real Property Taxes $1,057,847.88 $354,402.88 $128,575.00 $574,870.00 Other Tax Item 14,180.95 14,180.95 Departmental Income 13,729.67 2,530.92 11,198.75 Use of Money and Property 73,252.22 44,436.83 9,488.88 19,326.51 Fines and Forfeited Bail 26,959.60 26,959.60 State Aid 444,485.04 169,462.43 269,021. 35 6,001.26 TOTAL REVENUE $1,630,455.36 $611,973.61 $418,283.98 $600,197.77 ~ .J j '. lflii J .. 4 iii EXPENDITURES Personal Services $ 579,582.28 $259,390.13 $ 61,758.32 $258,433.83 Capital Outlay 79,141.46 17,928.63 1,515.83 59,697.00 Contractual Expenses 546,917.01 237,302.99 56,889.24 252,724.78 Employee Benefits 168,400.15 67,996.58 100,403.57 Transfers to Other Funds 272,193.95 87,436.50 169,183.36 15,574.09 TOTAL EXPENDITURES $1,646,234.85 $670,054.83 $389,750.32 $586,429.70 Excess (Deficiency) of Revenue over Expenditures $ (15,779.49) $(58,081.22) $ 28,533.66 $ 13,768.07 ...~ II t " FUND BALANCE - JANUARY 1, 1980 313,510.51 109,110.82 180,233.34 24,166.35 ~ J iLt . J J J J J FUND BALANCE - DECEMBER 31, 1980 $ 297,731.02 $ 51,029.60 $208,767.00 $ 37,934.42 I 4i 7 J J J .Cj>~~ o1Ui !ldo- ~ fiJ.I& .#-w..4 III EXHIBIT B-3 .. ill TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND HIGHWAY FOR THE YEAR ENDED DECEMBER 31, 1980 .. .. Total Repairs Snow And And Improvements Bridges Machinery Miscellaneous $431,284.00 $3,950.00 $56,605.00 $ 83,031.00 14,494.88 193.27 1,932.65 2, 705.71 6,001.26 $451,780.14 $4,143.27 $58,537.65 $ 85,736.71 .. REVENUE Real Property Taxes $574,870.00 Use of MOney and Property 19,326.51 State Aid 6,001.26 .. TOTAL REVENUE $600,197.77 .. EXPENDITURES Personal Services $258,433.83 $214,598.99 $1,000.00 $16,000.00 $ 26,834.84 Capital Outlay 59,697.00 59,697.00 Contractual Expenses 252,724.78 172,874 .86 2,884.39 27,691.43 49,274.10 Transfers to Other Funds 15,574.09 15,574.09 TOTAL EXPENDITURES $586,429.70 $447,170.85 $3,884.39 $59,265.52 $ 76,108.94 EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES $ 13,768.07 $ 4,609.29 $ 258.88 $ (727.87) $ 9,627.77 ill III .. .. FUND BALANCE - JANUARY 1, 1980 24,166.35 9,577.67 2,148.89 503.52 11 , 936 . 27 .. FUND BALANCE - DECEMBER 31, 1980 $ 37,934.42 .. $ 14,186.96 $2,407.77 $ (224.35) $ 21,564.04 .. * .. .. III ... t. I. 8 t.. &. {JJ~pin; a#U! g~ ~~.uu, ~..... ASSETS Cash in Bank and On Hand Prepaid Expenses Certificates of Deposit TOTAL ASSETS LIABILITIES AND FUND BALANCE Accounts Payable FUND BALANCE Appropriated - 1981 Budget Unappropriated TOTAL FUND BALANCE (EXHIBIT C-2) TOTAL LIABILITIES AND FUND BALANCE TOWN OF WAPPINGER BALANCE SHEET SPECIAL REVENUE FUND DECEMBER 31, 1980 Total $ 37,529.27 481.86 147,900.00 $185,911. 13 $ 76.75 1!l ..~ .. EXHIBIT C-1 - J $ 1,500.00 184,334.38 $185,834.38 $ 185 , 911. 13 9 4 II Federal Revenue Sharing J ~j 11 Street Lighting f .. $27,013.57 J,..,. ../' j ",i . $ 2.20 481.86 5,539.00 $27,013.57 $6,023.06 $ $ $ 1,500.00 $ 25,513.57 6,023.06 $27,013.57 $6,023.06 $27,013.57 $6,023.06 J :. {, J , J J I J .~ . J J J ~ g;./I,rW' anti .9'~ ~ g;~ .saf-,~ .. EXHIBIT C-1 - .. TOWN OF WAPPINGER BALANCE SHEET SPECIAL REVENUE FUND DECEMBER 31, 1980 .. .. III Downstream Drainage Parklands Deposit Trust George Schlathaus Memorial Dog Control Program ... $ 5,110.05 $ 14.87 $ 5.72 $5,382.86 .. 100,435.00 38,289.00 $38,303.87 3,637.00 $3,642.72 $105,545.05 $5,382.86 III .. $ $ $ $ 76.75 $ $ $ $ 105,545.05 38,303.87 3,642.72 5 , 306 . 11 $105,545.05 $38,303.87 $3,642.72 $5,306.11 $105,545.05 $38,303.87 $3,642.72 $5,382.86 III III .. {;, .. tit lit III .. .. l.. L. 10 1. gJe&~. anti g~ ~.9'~ ~-" TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE SPECIAL REVENUE FUND FOR THE YEAR ENDED DECEMBER 31, 1980 Total Federal Revenue Sharing REVENUE Special Assessments Use of Money and Property Licenses and Permits Federal Aid $ $ 19,174.00 16, 700.77 35,840.98 136, 109 .00 $207,824.75 2,796.40 136,109.00 $138,905.40 TOTAL REVENUE EXPENDITURES Personal Services Capital Outlay Contractual Expense $ 47,591.55 12,000.00 103,691.12 $ 42,072.50 12,000.00 78,047.74 $132,120.24 TOTAL EXPENDITURES $163,282.67 EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES $ 44,542.08 $ 6,785.16 FUND BALANCE - January 1, 1980 14 1 , 29 2 . 30 $185,834.38 20,228.41 $ 27.013.57 FUND BALANCE - December 31, 1980 11 [JJ""rMi tuld g~ ~ g;~ ~ .1....1ll 'g ~ .. EXHIBIT C-2 I .. ii_ .. ~ .Ii Street Lighting ,a1 II J" ..;> J J i J ; J 'Iii II j j J J J J J J i $19,174.00 403.01 $19,577.01 $ 18,093.96 $18,093.96 $ 1.483.05 4,540.01 $ 6.023.06 III - .. TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE SPECIAL REVENUE FUND FOR THE YEAR ENDED DECEMBER 31, 1980 ., .. ... Parkland's Downstream Deposit Drainage Trust $ $ 7,702.56 2,992.69 18, 284 . 26 3,000.00 $ 25,986.82 $ 5,992.69 $ $ $ George Schlathaus Memorial .. .. $ 2,412.31 .. $2,412.31 .. .. $ $ $ II $ 5,992.69 $2,412.31 $ 25,986.82 lit 79,558.23 $105,545.05 32,311.18 $ 38 , 303 . 87 1,230.41 $3,642.72 .. .. III III III III ... 12 t III " .. 9e&ri uml !J;,4~ ~ g;"Jk~ ..#-..t.-t. EXHIBIT C-2 Dog Control Program $ 393.80 14,556.72 $14,950.52 $ 5,519.05 7,549.42 $13,068.47 $ 1,882.05 3,424.06 $ 5,306.11 EXHIBIT D-1 TOWN OF WAPPINGER BALANCE SHEET WATER DISTRICTS DECEMBER 31, 1980 ASSETS CURRENT ASSETS Cash in Bank and On Hand Accounts Receivable Due from Other Funds TOTAL CURRENT ASSETS FIXED ASSETS Utility Plants in Service Less: Accumulated Depreciation TOTAL FIXED ASSETS TOTAL ASSETS LIABILITIES AND FUND BALANCE CURRENT LIABILITIES Accounts Payable Retained Percentages - Contracts Payable Due to Other Funds Serial Bonds Payable (Current) TOTAL CURRENT LIABILITIES LONG-TERM LIABILITIES Serial Bonds Payable TOTAL LIABILITIES FUND BALANCE Appropriated - 1981 Budget Unappropriated TOTAL FUND BALANCE (Exhibit D-2) TOTAL LIABILITIES AND FUND BALANCE Total Oakwood $ 142,028.09 76,721.74 1 , 734 . 13 $ 220.483.96 $ 5,282.32 4,350.00 $ 9.632.32 $4,016,587.76 701,183.54 $45,411.12 14,758.64 $3,315,404.22 $3,535,888.18 $30,652.48 $40,284.80 $ 24,408.50 $ 10,966.64 28,955.46 127,850.00 1,200.00 $ 192,180.60 $ 1.200.00 2,936,850.00 26,400.00 $3,129,030.60 $27,600.00 $ 1,500.00 $ 405,357.58 12,684.80 $ 406,857.58 $12,684.80 $3,535,888.18 $40,284.80 13 g>~r'" o4td !/'edON ~ UJ"'&'tJ ~-a ~.~. 1. . .~ .. J .. J Fleetwood I $ 1,109.72 i:~;~:i~J $ 7.402.81~ $96,212.86~~ 27,661.18. $68,551.68_ $75,954.49 {il .. $ 587. 25J ~: i~~:~~~ $ 4,037.25S 46,300.00_ $50,337.25 J $ 1,500.00 24, 117 . 24 , $25,617.24 $ 75, 954 .49j d . J J J ~ EXHIBIT D-2 TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE WATER DISTRICTS FOR THE YEAR ENDED DECEMBER 31, 1980 REVENUE Special Assessments Departmental Income Use of Money and Property TOTAL REVENUE EXPENDITURES Personal Services Capital Outlay Contractual Expense Debt Service - Principal Debt Service - Interest TOTAL EXPENDITURES EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES BEFORE DEPRECIATION DEPRECIATION EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES OTHER CHANGES IN FUND BALANCE Liabilities Paid from Appropriations Capital Outlay Paid from Appropriations Adjustment to Accrual Accounting at January 1, 1980 FUND BALANCE - January 1, 1980 FUND BALANCE - December 31, 1980 Total $335,081.00 232,636.37 9,772.02 $577,489.39 $ 6,544.55 44,310.33 201,755.57 121,900.00 171,411. 05 $545,921.50 $ 31,567.89 100,414.69 $(68,846.80) 121,900.00 44,310.33 42,976.43 266,517.62 $406,857.58 15 Oakwood $ 2,640.00 9,648.00 492.21 $ 12,780.21 $ 10.85 12,509.45 1,200.00 1,440.00 $ 15,160.30 $ (2,380.09) 1, 135.28 $ (3,515.37) 1,200.00 2,490.00 12,510. 17 $ 12,684.80 fJJe&ri o"d !/~ ~ {#J.IIiD ~....4 wi '~ .. ", ,,4\1 iii ,~ . Fleetwood _ $ 5,166.00 10,212.58,"~~ ;'. 41.03. $15,419.61_ $ 97.40 j 10, 258 . 84 2,100.00. 2,472 . 50 . $14,928.74~ $ 490.87_ 2,405.32 ~ $(1,914.45) ~ 2,100.00 J 2,931.63 22,500.06J $25,617.24J J J I .. ~ ... 'I .. ';j . .. .. EXHIBIT D-2 TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE WATER DISTRICTS FOR THE YEAR ENDED DECEMBER 31, 1980 Tall Central Watch Trees Wappinger Ardmore Hill $ 6,071.00 $293,457.00 $27,747.00 $ 11,362. 70 184,548.18 1,191.08 15,673.83 60.81 6,799.15 2,370.33 8.49 $ 17,494.51 $484,804.33 $31,308.41 $15,682.32 $ $ 6,359.30 $ 11.00 '$ 66.00 40,928.56 3,381. 77 17,448.13 140,473.05 2,070.61 18,995.49 2,450.00 104,000.00 12,150.00 3, 130.82 148,771.54 15,596.19 $ 23,028.95 $440,532.45 $33,209.57 $19 , 061. 4 9 $ (5,534.44) $ 44 , 271. 88 $(1,901.16) $(3,379.17) 1,530.26 88,086.07 7,257.76 $ (7,064.70) $ (43, 814.19) $(9,158.92) $(3,379.17) 2,450.00 104,000.00 12,150.00 40,928.56 3,381. 77 2, 067 . 06 31,938.02 218.17 3,331.55 (11,183.00) 187,121. 79 52,354.26 3,214.34 $(13,730.64) $320,174.18 $58,945.28 $ 3,166.72 . .. - .. .. lilt .. ... .. .. .. t J.. III .. ... .. III .. 16 ~ III L &e1l"J Pine' n nd !/,.dtJI'f' ';;;,,/,/;-,.a ~'/,,, . r:V-'t:_nl((,./J .. EXHIBIT E-1 \~ ... TOWN OF WAPPINGER BALANCE SHEET SEWER DISTRICTS DECEMBER 31, 1980 ;I .II ASSETS Total Mid Point Park j TOTAL CURRENT ASSETS $ 251,913.33 102,884.52 15,683.33 $ 370,481.18 $ 8,487.66 7,688.61 ,~ .. CURRENT ASSETS Cash in Bank and On Hand Accounts Receivable Due from Other Funds TOTAL ASSETS $6,863,661.29 $620,025.78 $636,202.05 J J--" :', ~ ;'f ;. J ,It II ,. II ~ J J J $ 16,176.27 FIXED ASSETS Utility Plants in Service Less: Accumulated Depreciation TOTAL FIXED ASSETS $8,629,198.27 2, 136 , 0 18 . 16 $6,493,180.11 $728,074.47 108,048.69 LIABILITIES AND FUND BALANCE CURRENT LIABILITIES Accounts Payable Due to Other Funds Serial Bonds Payable (current) TOTAL LIABILITIES $ 20,810.37 $ 2,670.54 6,269.35 144,350.00 1,000.00 $ 171,429.72 $ 3,670.54 3,280,650.00 19,100.00 $3,452,079.72 $ 22,770.54 $ 93,008.00 $ 17,270.00 3,318,573.57 596,161.51 $3,411,581.57 $613,431.51 $6,863,661.29 $636,202.05 t IIIll TOTAL CURRENT LIABILITIES LONG-TERM LIABILITIES Serial Bonds Payable FUND BALANCE Appropriated - 1981 Budget Unappropriated TOTAL FUND BALANCE (Exhibit E-2) TOTAL LIABILITIES AND FUND BALANCE J <\ II 17 , II fJ'JeIk,,,,nt oml !/'rh,,,,. rf,;,.t~<<f g;"'6e .#<<-w1UlA ~ il ill EXHIBIT E-l .. TOWN OF WAPPINGER BALANCE SHEET SEWER DISTRICTS DECEMBER 31, 1980 .. .. Sewer Improvement Area Fleetwood Ro~kingham Wildwood tI1 $ 17,788.58 $ 29,565.35 $ 88,624.99 $ 107,446.75 12,953.40 44,927.27 11,921. 40 25,393.84 15,683.33 $ 30,741.98 $ 74,492.62 $100,546.39 $ 148,523.92 $151,271. 35 $2,973,601.06 $371,847.42 $4,404,403.97 43,490.47 1,075,892.10 55,426.27 853,160.63 $107,780.88 $1,897,708.96 $316,421.15 $3,551,243.34 $138,522.86 $1,972,201.58 $416,967.54 $3,699,767.26 .. .. ill tit ill .. f: .. .. $ 2,986.78 6,269.35 3,700.00 $ 12,956.13 71,700.00 $ 84,656. 13 $ 7,643.00 46,223.73 $ 53,866.73 $138,522.86 $ 1,996.59 , .. $ 1,996.59 $ 379.07 $ 12,777.39 13,000.00 126.650.00 $ 13,379.07 $ 139.427.39 318,000.00 2,871,850.00 $331,379.07 $3,011,277.39 $ 1,679 .00 $ 42,015.00 83,909.47 646,474.87 $ 85,588.47 $ 688,489.87 $416,967.54 $3,699,767.26 !: J.r $ 1,996.59 .. $ 24,401.00 1,945,803.99 $1,970,204.99 $1,972,201.58 i( ift .. ill .. ,~ .. , II. ! .. 18 L fJ>e1le?",...",.. om/ !/"tlt"#tr r~y;"", g>.Jt'e ..#<<4W4II.....h TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE SEWER DISTRICTS FOR THE YEAR ENDED DECEMBER 31, 1980 REVENUE Special Assessments Departmental Income Use of Money and Property State Aid Total $ 357,668.00 253,203.07 16,810.82 94,459.32 $ 722,141.21 $ 660.30 33,713.76 309,373.07 137,350.00 190,681.00 $ 671,778.13 $ 50,363.08 215,729.96 $ (165,366.88) 137,350.00 33,713.76 79,396.21 3,326,488.48 $3,411,581.57 TOTAL REVENUE EXPENDITURES Personal Services Capital Outlay Contractual Expense Debt Service - Principal Debt Service - Interest TOTAL EXPENDITURES EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES BEFORE DEPRECIATION DEPRECIATION EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES OTHER CHANGES IN FUND BALANCE Liabilities Paid from Appropriations Capital Outlay Paid from Appropriations Adjustment to Accrual Accounting at January 1, 1980 FUND BALANCE - January 1, 1980 FUND BALANCE December 31, 1980 19 (J'J,11r,,,t,/t n Rtl !/n/t,"f' r (jn<ly,N' ~...((,(; ~<WHII.-I6 '" EXHIBIT E-2 N~ .. .1 .. i III Mid Point Park j ;iI $ ~ . 2,257.00 23,228.61 381.69 18,726.78 - $ 44,594.08 ~ 150.35 i ....;:..1... I $ 37,950.81 _ $ 6 , 643 . 27 J 18,201.86 I $(11,558.59) J $ 35,543.86 1,000.00 1,256.60 1,000.00 1 11II ), II Ii . J .. . . EXHIBIT E-2 TOWN OF WAPPINGER STATEMENTS OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE SEWER DISTRICTS FOR THE YEAR ENDED DECEMBER 31, 1980 Sewer Improvement Area Rockingham Wildwood III $ $ 31,141.00 $ 315,222.00 76,228.08 51,885.10 70,649.23 2,634.40 5,084.43 8,386.44 24,415.66 18,956.82 18,706.41 $103,278.14 $107,067.35 $ 412,964.08 $ 133.30 $ 105.40 213.90 33,713.76 96,132.49 38,632.09 110,818.59 13,000.00 119,650.00 18,140.62 167,421.28 $ 96,265.79 $ 69,878.11 $ 431,817.53 $ 7,012.35 $ 37,189.24 $ (18,853.45) 74,340.03 9,296.19 110,110.10 $(67,327.68) $ 27,893.05 $(128,963.55) 13,000.00 119,650.00 33,713.76 37,020.43 8,776.40 17,804. 14 2,000,512.24 35,919.02 646,285.52 $1,970,204.99 $ 85,588.47 $ 688,489.87 - .. ill Fleetwood $ 9,048.00 III 31,212.05 323.86 .. 13,653.65 $54,237.56 .. $ 57.35 ill 28,246.04 3,700.00 ... 3,862.50 $35,865.89 .. t $18,371.67 .. 3,781.78 .. $14,589.89 .. 3,700.00 .. 9,915.94 ill 25,660.90 $53,866.73 {' III .. lit .. ill t. 20 fJJeI"/I~"". oml !/;,j,,,,,, r~H{r;..t ,(j'"J&e .#--tmol6 TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES DEBT SERVICE FUND FOR THE YEAR ENDED DECEMBER 31, 1980 REVENUE Transfers from other Funds EXPENDITURES Debt Service - Principal Debt Service - Interest $85,750.00 97,007.45 TOTAL EXPENDITURES EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES 21 g>~,.u,i and !7~ ~ fJ'.iG. ~ .rt_lf ~:',i, .. EXHIBIT F-1 ;~ .. J,j III ,~ .. j"" :",~ .: if" >"' $182,757.45 J 182,757.45 J J I 1 " ~ .. ~ j . J J ~ j J ". .. J;, t J ~ -0- .. EXHIBIT G-1 - - TOWN OF WAPPINGER BALANCE SHEET CAPITAL PROJECTS FUND DECEMBER 31, 1980 .. .. ASSETS .. TOTAL ASSETS $ 674.83 27,903.57 416,049.47 $444,627.87 III Cash in Bank and On Hand Accounts Receivable Certificates of Deposit .. LIABILITIES AND FUND BALANCE .. Accounts Payable Retained Percentages, Contracts Payable Due to Other Funds $ 10,000.00 17,671.74 24,400.00 TOTAL LIABILITIES AND FUND BALANCE $ 52,071. 74 392,556.13 $444,627.87 .. TOTAL LIABILITIES FUND BALANCE (Exhibi t G-2) .. ill .. .. It II. .. II .. II 22 .. 'f . g> elk,""'; flntl Yeti,., ('~ f:JJ.Ik ..w"___...6 REVENUE Use of Money and Property Transfer from Other Funds TOTAL REVENUE EXPENDITURES Capital Outlay Excess (Deficiency) of Revenue over Expenditures FUND BALANCE - JANUARY 1, 1980 FUND BALANCE - DECEMBER 31, 1980 $ 40,082.32 $ 77 2 . 64 $ 5,536.57 $ 27,952.90 $ 89,436.50 84,836.50 $129,518.82 $ 772.64 $ 5,536.57 $112,789.40 $ 105, 724 . 34 $ 23,794.48 $ 772.64 $ 5,536.57 $112,789.40 $ TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND FOR THE YEAR ENDED DECEMBER 31, 1980 Total Storm Sewer Drainage Construction 368,761.65 12,488.14 87,659.06 $392,556.13 $13,260.78 $93,195.63 23 f!J>eu",ltlni 0"'/ !In/(lI''' ,.- ~y;;"d q>"Ite .w'<<tlIIIII...t. .. EXHIBIT G-2 ,":ji , ~: .. ,,' . i~ .:, iJ Town Hall Sewer~j Improvemefl Area 112 J j J ,ii .. ~ 195,648.91 3,503.5711 $308,438.31 $3,503.5711 ~ J J J J ,>ii .'f .. ~..i1'i J J J ... - .. .. .. .. Sewer Improvement Area 1t3 .. $ .. $ lllI 5,000.00 iii $ (5,000.00) .. (5,000.00) iii Mid Point Park Drainage $ 4,475.95 $ 4,475.95 $ 4,475.95 58,651. 34 $(10,000.00) $63,127.29 .. .. III .. .. i .. .. .. III ~ III EXHIBIT G-2 TOWN OF W~PINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND FOR THE YEAR ENDED DECEMBER 31, 1980 Vehicle Hunter Vehicle Replacement Creek Replacement Town Drainage Townwide Outside Village $ 687.65 $ 381. 63 $ 274.98 2,600.00 2,000.00 $ 687.65 $ 2,981.63 $ 2,274.98 $ 687.65 $ 2,981.63 $ 2,274.98 10,792.98 3,131.54 1, 886 . 11 $11,480.63 $ 6,113.17 $ 4,161. 09 24 f:J>-1k,It,,1I find .Ynl{llt, r~~ .c?'.u,., .~..6 Belaire Drainage $ $ 100,724.34 $100,724.34 $ (100, 724.34) EXHIBITH-l TOWN OF WAPPINGER BALANCE SHEET TRUST AND AGENCY FUND DECEMBER 31, 1980 if J J" '?f ASSETS i,j II Cash in Bank $17,673.51 J TOTAL LIABILITIES $17,673.51 J J . I "~ it ~ j I J J LIABILITIES Payroll Witholding Payable Street Opening Deposits Returnable Other Expendable Trust Funds Payable $ 3,127.04 4,440.53 10,105.94 . ,~ IlII :if 1\ ~ ;-~ II '-iill Ii 25 II III Y~/t:(re"lt fI"d .r;,'t/I'I'~ ((,~,.I,/;...I :.f~I/'r .?j,,.tw,,I,,,.!; i III .. till EXHIBIT H-2 III TOWN OF WAPPINGER STATEMENT OF CASH TRANSACTIONS TRUST AND AGENCY FUND FOR THE YEAR ENDED DECEMBER 31, 1980 III .. III Consolidated Payroll Employees Retirement New York State Income Tax Federal Income Tax Income Executions Social Security Street Opening Deposits Tax Receivers Fund Other Expendable Trust Funds .. III .. TOTAL III .. II .. III .. l. III III III .. III Cash January 1, 1980 $ 150.02 9,108.47 4,545.81 183.45 8,599.05 $22,586.80 Cash December 31, Deposits Disbursements 1980 $ 612,870.75 $ 612,870.75 $ 2,341.82 2,273.45 218.39 24,692.64 24,692.64 81,834.91 81,834.91 260.86 260.86 80,163.74 86,363.56 2,908.65 321.73 427.01 4,440.53 8,776,985.27 8,777,168.72 10,287.73 8,780.84 10,105.94 $9,589,759.45 $9,594,672.74 $16,673.51 26 III g>eIk,,,,nt: 0'/1(1 !let/fl,., ,.~ g>.lt"e ..#-'-4 TOWN OF WAPPINGER BALANCE SHEET LONG-TERM DEBT GROUP OF ACCOUNTS DECEMBER 31, 1980 ASSETS Provision to be Made in Future Budgets for Capital Indebtedness LIABILITIES SERIAL BONDS PAYABLE-CURRENT Mid-Point Drainage Facilities - 6.10% Hunter Drainage Facilities - 6.10% Drainage Surface System - 5.00% Drainage Construction - 5.00% Drainage Improvement - 5.80% Various Drainage Projects - 5.375% Highway Equipment - 5.50% TOTAL CURRENT SERIAL BONDS PAYABLE SERIAL BONDS PAYABLE-LONG TERM Mid-Point Drainage Facilities - 6.10% Hunter Drainage Facilities - 6.10% Drainage Surface Systems - 5.00% Drainage Construction - 5.00% Drainage Improvement - 5.80% Various Drainage Projects - 5.375% Highway Equipment - 5.50% TOTAL LONG-TERM SERIAL BONDS PAYABLE TOTAL LIABILITIES 27 $ 9,750.00 850.00 16,000.00 23,200.00 12,000.00 14,000.00 13,000.00 $190,950.00 16,550.00 318,600.00 458,400.00 303,000.00 341,000.00 46,000.00 f:!Je1":(I',tIU U /1(1 !/'.(lrl/<f' (/;~,./'/',./ .c?'..It-,. .9J,.rNM/",.t. EXHIBIT I-I .~ ..\# .. J J i,~ .. $1,763,300.00 ,~~ . J(>; ,:": .'~ .II $ 88,800.00 ,A . d . J ~ J ~ . J J J j AI I J J J J 1,674,500.00 $1,763,300.00 .. EXHIBIT .1-1 .. .. TOWN OF WAPPINGER BALANCE SHEET GENERAL FIXED ASSETS ACCOUNTS DECEMBER 31, 1980 . ... GENERAL FIXED ASSETS Land Buildings Improvements Other Than Buildings Machinery and Equipment Construction Work in Process Sewer Improvement Area #2 Sewer Improvement Area #3 $ 741,021.59 96,224.31 2,123,329.32 238,403.93 .. .. $150,025.41 10,000.00 160,025.41 TOTAL GENERAL FIXED ASSETS $3,359,004.56 .. .. INVESTMENT IN GENERAL FIXED ASSETS Bonds and Notes Current Appropriations Gif ts Special Revenue Funds $2,123,450.33 342,629.07 732,779.75 160,145.41 ... TOTAL INVESTMENT IN GENERAL FIXED ASSETS $3,359,004.56 - ... .. .. .. .. .. .. .. .. ... 28 .. gelk:;Jlim ontl .Yf'tt'l'f rl;~1'id ,q>.J/'e sYrA"<-,,,..4 :~ .. >~ .. ,:,J c~:'ill- .. ;~ .. i .. ~ .. ~ II J ~ .j . J J J J. 1 J l I .I I .t J