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1979-12-31 - - RECEIVED MAR 4 1980 .. ELAINE H. SNOWDEN 1M .. . TOWN OF WAPPINGER AUDIT REPORT . DECEMBER 31, 1979 .. .. February 15, 1980 III .. ill ... .. \ .. , L. ~ I l .. L ... , .. l g>elk?"ine und y;'AlMlP ~ g;.I&e ~~ . .. IIIIl . . .. .i .i J J J J J J J . II I .I j j 1 ,t :& J II .. t. .. .. '- III .. L l I .. L L L t. ~ .. L ~i i ill l L l L TOWN OF WAPPINGER TABLE OF CONTENTS DECEMBER 31, 1979 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 Enterprise Funds - Water Districts Pages 17-20 Enterprise Funds - Sewer Districts Page 21 Debt Service Fund Pages 22-24 Capital Proj ec ts Fund Pages 25-26 Trust and Agency Fund Page 27 Long-Term Debt GrouE of Accounts Page 28 General Fixed Assets fJJdkrH"O and !/~ ~ 9'.Ik. .9J1-ttU14 J J J ~ ;II II ~ J . .. J I J J ,t I ~ II . . I I' _f a I ~ ~ ~' ....-..; ~- I ! .. k i -lit ~ PAllerin~' ana y:~ ~1lte# fJaltu dx()a~ C:ucaUve fJ'k", III ONE OVEROCKER ROAD POUGHKEEPSIE, NEW YORK 12603 lit 914-4152-8090 MARK S. O'SULLIVAN, C.P.A. .. i. February 15, 1980 .. .. Mr. Louis D. Diehl, Supervisor Members of the Town Board Town of Wappinger Wappingers Falls, New York 12590 ~ Gentlemen: III We have examined the balance sheets of the various funds of the Town of Wappinger, New York, as of December 31, 1979 and the related statements of revenue and expenditures and changes in fund balance for the year then ended. Our cyqmination 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. .. .. .. In our oplnlon, the accompanying balance sheets and related statements 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, 1979, and the results of their operation for the year then ended, in conformity with generally accepted accounting principles applicable to governmental entities, applied on a basis consistent with that of the preceding fiscal year. III .. Respectfully submitted, lit P~LEGRINI AND SEDORE, C. P. A.s ;,~/ ~7 ~:'es L. Sedore, Jr. LJI~:rtified Public Accountant .. .. JLS:pk III Enc: Statements 1 Mil .-..------.- .. J J ~ J J ~ 1 I I /j I <I I J ~~ ~ ~ ~I .. .. " ~ ~"1 q', i 'i<} I iii I . ! * III , .if. .. TOWN OF WAPPINGER III COMMENTS FOR THE YEAR ENDED DECEMBER 31, 1979 III III 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. ill 2. Accounting Records: .. Books and records as maintained by the Comptroller's office were inadequate 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. - .. As a result, numerous audit adjustments were necessary so as to present fairly the financial position of the various funds and balanced account groups and the results of operations for the year under review. III 3. Fixed Assets: .. 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. .. .. 4. Depreciation: . . Depreciation as a element of expense has been recorded in the Enterprise Funds. However, due to the absence of an updated list of General Fixed Assets, depreciation on those assets has not been recorded. . . 2 . g;e&~i and y~ ~ fj'.J& d--,~ . 6. New York State Retirement Contributions: J J i J ;- . j ~ J j :11 I ...~ II 5. Internal Controls: 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. 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, 1979 are for the retire- ment systems year ended March 31, 1978. This practice has no material effect on the Financial Statements for the year ended December 31, 1979. 5~~ .Ill I ,~i Ii 4, .. . ti iii , I . 3 . g;eIk~" anti f/do- ~ g'.,Ik ~ . EXHIBIT A-I .. - TOWN OF WAPPINGER BALANCE SHEET ALL FUNDS DECEMBER 31, 1979 .. ASSETS .. CURRENT ASSETS Cash in Bank and on Hand Accounts Receivable Prepaid Expenses $ 1,184,792.28 44,5.02.78 7,506.49 .. TOTAL CURRENT ASSETS $ 1,236,801. 55 III FIXED ASSETS General Fixed Assets Utility Plants in Service Less: Accumulated Depreciation $12,567,761.94 2,521,057.05 $ 3,242,760.02 .. 10,046,704.89 i. TOTAL FIXED ASSETS 13,289,464.91 $14,526,266.46 TOTAL ASSETS 'l ... LIABILITIES AND FUND BALANCE .. CURRENT LIABILITIES Accounts Payable Retained Percentages, Contracts Payable Serial Bonds Payable - Current Portion I '- TOTAL CURRENT LIABILITIES $ 127,095.01 46,512.13 333,000.00 $ 506,607.14 8,265,000.00 $ 8,771,607.14 $ 246,700.00 5,507,959.32 $ 5,754,659.32 $14,526,266.46 II. ! ill LONG-TERM LIABILITIES Serial Bonds Payable TOTAL LIABILITIES t .. FUND BALANCE Appropriated - Ensuing Year's Budget Unappropriated L L TOTAL FUND BALANCE (Exhibit A-2) TOTAL LIABILITIES AND FUND BALANCE ~' ... L L l L 4 fiJeI/,r' and g~ ~ UJ"Ik ~~ TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE ALL FUNDS FOR THE YEAR ENDED DECEMBER 31, 1979 REVENUE Real Property Taxes Interest and Earnings Intergovernmental Revenue Sewer and Water Charges Charges for Services Penalties and Interest on Delinquent Taxes and Charges Licenses and Permits Miscellaneous $1,683,918.98 80,181. 03 641,931.96 419,522.18 25,006.29 22,545.68 111,417.44 9,590.98 TOTAL REVENUE EXPENDITURES Personal Service Contractual Expense Employee Benefits Interest $ 548,097.57 1,085,968.20 188,768.70 478,272.31 TOTAL EXPENDITURES EXCESS OF REVENUE OVER EXPENDITURES BEFORE DEPRECIATION DEPRECIATION EXCESS OF REVENUE OVER EXPENDITURES OTHER CHANGES IN FUND BALANCE To Close Reserve for Bonded Debt FUND BALANCE - JANUARY 1, 1979 FUND BALANCE - DECEMBER 31, 1979 5 g>e&~. and y~ ~ g;"Ik .#-1.-. , .. EXHIBIT A-2 .~ .. 'I II $2,994,114.54 ,. .- J it J J I j ~ ~j . ~ ~,I II ,j . ~ j ;I I I J J i 2,301,106.78 $ 693,007.76 314,194.06 $ 378,813.70 72,923.48 5,302,922.14 $5,754,659.32 . EXHIBIT B-1 .. .. TOWN OF WAPPINGER BALANCE SHEET GENERAL FUND DECEMBER 31, 1979 till .. .. ASSETS Town Outside Total Townwide Village Highway Cash in Bank and on Hand $311,004.01 $107,690.93 $169,753.22 $33,559.86 Accounts Receivable 6,023.00 6,023.00 Due from other Funds 42,053.29 28,250.00 13,803.29 Prepaid Expenses 4,330.32 1,566.88 2,763.44 TOTAL ASSETS' $363,410.62 $143,530.81 $186,319.95 $33,559.86 - till - tit .. LIABILITIES AND FUND BALANCE Accounts Payable $ 24,900.11 $ 9,419.99 $ 6,086.61 $ 9,393.51 Due to other Funds 25,000.00 25,000.00 TOTAL LIABILITIES $ 49,900.11 $ 34,419.99 $ 6,086.61 $ 9,393.51 FUND BALANCE Appropriated - Ensuing Year's Budget $119,000.00 $ 54,000.00 $ 65,000.00 $ Unappropriated 194,510.51 55,110.82 115,233.34 24,166.35 TOTAL FUND BALANCE $313,510.51 $109,110.82 $180,233.34 $24,166.35 (Exhibit B-2) TOTAL LIABILITIES AND FUND BALANCE $363,410.62 $143,530.81 $186,319.95 $33,559.86 .. till .. .. .. .. .. - .. .. 6 fJ'eIk?l<ini and f/edON ~ fJ'"Ik ~~ .. EXHIBIT B-2 TOWN OF WAPPINGER STATEMENT OF REVENUES AND EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND FOR THE YEAR ENDED DECEMBER 31, 1979 I .. t it J Town Outside Highway Total Townwide Village (Exhibit B-3) REVENUE Real Property Taxes $ 972, 606 . 57 $322,087.57 $160,895.00 $489,624.00 Penalties and Interest on Delinquent Real Property Taxes 19,251.90 19,251. 90 Services for other Governments 2,058.29 2,058.29 Intergovernmental Revenue 452,589.23 185,572.28 260,900.70 6,116.25 Licenses and Permits 3,638.04 3,638.04 Charges for Services 20,665.20 1,547.95 19,117.25 Fines and Forfeited Bail 22,948.00 22,948.00 Interest and Earnings 20,201.02 5,732.79 5,099.03 9,369.20 Rent Income 2,750.00 2,750.00 Miscellaneous 3,090.98 1,173.89 1,917.09 TOTAL REVENUE $1,519,799.23 $566,760.71 $447,929.07 $505,109.45 EXPENDITURES Personal Services $ 497,258.94 $222,639.31 $ 51,494.57 $223,125.06 Capital Outlay 63,701. 35 2,689.00 876.10 60,136.25 Contractual Expenses 462,936.04 205,780.66 54,147.38 203,008.00 Employee Benefits 188,768.70 78,315.69 110,453.01 Transfers to other Funds 201,042.86 27,600.00 173,325.52 117 . 34 TOTAL EXPENDITURES $1,413,707.89 $537,024.66 $390,296.58 $486,386.65 Excess (Deficiency) of Revenue over Expenditures $ 106,091. 34 $ 29,736.05 $ 57,632.49 $ 18,722.80 FUND BALANCE - JANUARY 1, 1979 207,419.17 79,374.77 122,600.85 5,443.55 FUND BALANCE - DECEMBER 31, 1979 $ 313,510.51 $109,110.82 $180,233.34 $ 24,166.35 j!g ..l,I!i. .. J J ,J II it ;I .~ J ,. .. .s ~ . . j'" :-:; ! 7 iJi II g;e&r""" ami g~ ~ f#J"Ik d-.t~ ~I II ~ EXHIBIT B-3 iT .. ii, III TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE GENERAL FUND HIGHWAY FOR THE YEAR ENDED DECEMBER 31, 1979 till III Repairs Snow and and Total Improvements Bridges Machinery Miscellaneous REVENUE Real Property Taxes $489,624.00 $376,262.00 $3,932.00 $39,970.00 $69,460.00 State Aid 6,116.25 6,116.25 Interest and Earnings 9,369.20 7,157.90 72 . 87 795.11 1,343.32 TOTAL REVENUE $505,109.45 $389,536.15 $4,004.87 $40,765.11 $70,803.32 EXPENDITURES Personal Services $223,125.06 $191,922.85 $1,148.00 $14,620.00 $15,434.21 Capital Outlay 60,136.25 60,136.25 Contractual Expenses 203,008.00 124,305.83 798.32 25,843.47 52,060.38 Transfers to Other Funds 117 . 34 117 . 34 TOTAL EXPENDITURES $486,386.65 $376,364.93 $1,946.32 $40,580.81 $67,494.59 .. III ~ .. .. III III EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES $ 18,722.80 $ 13,171.22 $2,058.55 $ 184.30 $ 3,308.73 FUND BALANCE - JANUARY 1, 1979 5,443.55 (3,593.55) 90.34 319.22 8,627.54 FUND BALANCE - DECEMBER 31, 1979 $ 24,166.35 $ 9,577.67 $2,148.89 $ 503.52 $11,936.27 - . . . . . . . 8 . g;elkri and y~~ ~ U'..Ilw .s#-.wIa..4 . EXHIBIT C-1 J J "I tI J . tI ~ J II ~ ili II '~l II TOWN OF WAPPINGER BALANCE SHEET SPECIAL REVENUE FUND DECEMBER 31, 1979 Federal Revenue Street Downstream Total Sharing Lighting Drainage ASSETS Cash in Bank $151,497.35 $20,228.41 $1,363.84 $79,558.23 Prepaid Expenses 3,176.17 3,176.17 TOTAL ASSETS $154,673.52 $20,228.41 $4,540.01 $79,558.23 LIABILITIES AND FUND BALANCE Retained Percentages, Contracts Payable $ 13,031.22 $ $ $ Due to other Funds 350.00 TOTAL LIABILITIES $ 13,381.22 $ $ $ FUND BALANCE Appropriated - Ensuing Year's Budget $ 6,000.00 $ 6,000.00 $ $ Unappropriated 135,292.30 14,228.41 4,540.01 79,558.23 TOTAL FUND BALANCE (EXHIBIT C-2) $141,292.30 $20,228.41 $4,540.01 $79,558.23 TOTAL LIABILITIES AND FUND BALANCE $154,673.52 $20,228.41 $4,540.01 $79,558.11 ~, . j 'd . II II II II 9 g;e&rM~' and !7~ ~~ fIJ"j&:e ~tU04 Pili EXHIBIT C-l ... .. TOWN OF WAPPINGER BALANCE SHEET SPECIAL REVENUE FUND DECEMBER 31, 1979 .. Parkland's Geo rge Dog .. Deposit Patrolmen's Economic Schlathaus Control Trust Uniforms Development Memorial Program .. $32,311.18 $ $13,031.22 $1,230.41 $3,774.06 III $32,311.18 $ $13,031.22 $1,230.41 $3,774.06 .. tit .. $ $ $13,031. 22 $ $ 350.00 .. $ $ $13,031.22 $ $ 350.00 .. ~i lit $ 32,311.18 $ $ $ 1,230.41 $ 3,424.06 .. $32,311.18 $ $ $ $1,230.41 $3,424.06 $3,774.06 ~ .. $32,311.18 $13,031. 22 $1,230.41 r fill .. L L i ... 10 ... ~ ... gJellerini ana Yedo,.,. ~ ?.I&c ~....tI . EXHIBIT C-2 .... TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE SPECIAL REVENUE FUND FOR THE YEAR ENDED DECEMBER 31, 1979 k~ iii f~ .. Federal Street Street Revenue Lighting Lighting Total Sharing Hughsonvi11e Chelsea REVENUE Federal Aid $140,442.00 $140,442.00 $ $ Benefit Assessments 16,250.41 11,350.79 4,513.10 Licenses and Permits 87,114.20 Rent Income 1,600.00 Interest and Earnings 5,167.50 1,984.93 46.06 18.96 Transfers from other Funds 3,019.20 19.20 TOTAL REVENUE $253,593.31 $142,446.13 $11,396.85 $ 4,532.06 EXPENDITURES Personal Services $ 41,477.07 $ 36,800.00 $ $ Capital Outlay 7,418.29 4,711.95 Contractual Expenses 158,859.20 135,210.59 11,334.45 4,550.63 Transfers to other Funds 14,696.93 3,000.00 TOTAL EXPENSES $222,451.49 $179,722.54 $11,334.45 $ 4,550.63 EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES $ 31,141.82 $(37,276.41) $ 62.40 $ (18.57) FUND BALANCE - January 1, 1979 110,150.48 57,504.82 3,064.99 1,305.03 FUND BALANCE - December 31,1979 $141,292.30 $ 20,228.41 $ 3,127.39 $ 1,286.46 11 gJeIk,,.,,,i and ged~ ~~ (J'.Ik ~ I J I j! ~ I I I Jl I ~ . I J j j I i I I I . EXHIBIT C-2 -- - TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE SPECIAL REVENUE FUND FOR THE YEAR ENDED DECEMBER 31, 1979 .. .. .. Street Park1ands George Dog Lighting Downstream Deposit Patrolmen's Ecunomic Sch1athaus Control Cameli Drainage Trust Uniforms Development Memorial Program $ $ $ $ $ $ $ 386.52 75,336.25 2,000.00 9,777.95 1,600.00 2.71 1,734.80 1,322.14 25.06 32.84 3,000.00 $ 389.23 $77,071.05 $ 3,322.14 $ $ $1,625.06 $12,810.79 $ $ $ $ $ $ $ 4,677.07 2,706.34 391.16 420. 71 6,951.66 11,677.73 19.20 $ 391.16 $11,677.73 $ 2,706.34 $ 19.20 $ $ 420.71 $11,628.73 lit III .. , ~, .. f , I. 1. lit $ (1. 93) $65,393.32 $ 615.80 $ (19.20) $ $1,204.35 $ 1,182.06 !! .. 128.09 14,164.91 31,695.38 19.20 26.06 2,242.00 L $ 126.16 $79,558.23 $32,311.18 $ $ $1,230.41 $ 3,424.06 L .. K .. L i .. ~ .. 12 fJ'elkri anti Yea'tJH ~ f#J",~ ~....tJ , ill TOWN OF WAPPINGER BALANCE SHEET ENTERPRISE FUNDS WATER DISTRICTS DECEMBER 31, 1979 ASSETS CURRENT ASSETS Cash in Bank 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 Portion) TOTAL CURRENT LIABILITIES LONG-TERM LIABILITIES Serial Bonds Payable TOTAL LIABILITIES FUND BALANCE Appropriated - Ensuing Year's Budget Unappropriated TOTAL FUND BALANCE (Exhibit D-2) TOTAL LIABILITIES AND FUND BALANCE EXHIBIT D-1 +,' .. .... Total Oakwood $ 118,858.82 $ 7,902.41 16,471.06 1,650.00 2,284.13 $ 137,614.01 $ 9,552.41 M J ;j . l J ~ d - j j ~ J J ~ J ~ J ~ ~ J $3,972,277 .43 600,768.85 $3,371,508.58 $3,509,122.59 $45,411.12 13,623.36 $31,787.76 $41,340.17 $ 3,504.84 $ 30.00 23,544.67 28,955.46 121,900.00 1,200.00 $ 177 , 904.97 $ 1,230.00 $3,064,700.00 $27,600.00 $3,242,604.97 $28,830.00 $ 38,300.00 $ 4,000.00 228,217.62 8,510.17 $ 266,517.62 $12,510.17 $3,509,122.59 $41,340.17 13 fiJdlerini and y;a~ ~ tI'.Ik .#--1....4 . "'4IlI - TOWN OF WAPPINGER BALANCE SHEET ENTERPRISE FUNDS WATER DISTRICTS DECEMBER 31, 1979 1M .. Central Wappinger Fleetwood Tall Trees Ardmore .. $ 291. 85 1,385.08 1,734.13 $ 1,098.41 1,709.40 $ 52,135.28 10,549.13 $ 55,943.98 .. $ 3,411. 06 $ 2,807.81 $ 62,684.41 $ 55,943.98 .. .. $96,212.86 25,255.86 $70,957.00 $74,368.06 $61,210.46 7,651.30 $3,482,514.38 547,065.11 $2,935,449.27 $2,998,133.68 $286,928.61 7,173.22 $279,755.39 $335,699.37 .. $53,559.16 $56,366.97 .. II $ 18.00 $ 3,077.84 $ 379.00 $ 1,949.56 21,595.11 1,350.00 11,922.13 15,683.33 2,100.00 2,450.00 104,000.00 12,150.00 $ 3,468.00 $17,449.97 $ 122,011.89 $ 33,745.11 $48,400.00 $50,100.00 $2,689,000.00 $249,600.00 $51,868.00 $67,549.97 $2,811,011.89 $283,345.11 $ 1,000.00 $ $ 30,000.00 $ 3,300.00 21,500.06 (11,183.00) 157,121.79 49,054.26 $22,500.06 $(11,183.00) $ 187,121. 79 $ 52,354.26 $74,368.06 $ 56,366.97 $2,998,133.68 $335,699.37 III .. II II II lit III 'f .. " lit 14 .. gJellerini and y;atJlle ~ fJ'"Ihe ~tmlJ .. EXHIBIT D-1 Wa tch Hill $1,486.89 1,177.45 550.00 $3,214.34 $ $ $3,214.34 $ $ $ $ $ 3,214.34 $3,214.34 $3,214.34 TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE ENTERPRISE FUND WATER DISTRICTS FOR THE YEAR ENDED DECEMBER 31, 1979 EXHIBIT D-2 " -- ;Ir; I_;L~ ~': J REVENUE Benefit Assessments Water Sales Penalties and Interest on Delinquent Water Sales Hook-Up Fees Interest and Earnings TOTAL REVENUE EXPENDITURES Personal Services Contractual Expenses Debt Principal Debt 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 To Close Reserve for Bonded Debt FUND BALANCE - January 1, 1979 FUND BALANCE - December 31, 1979 Total Oakwood $ 336,737.00 $ 2,700.00 170,208.65 9,630.00 1,524.95 87.00 2,625.00 13,384.64 483.04 $ 524,480.24 $12,900.04 $ 7,632.13 $ 116.00 180,716.55 9,501. 26 123,000.00 1,200.00 180,400.07 1,500.00 $ 491,748.75 $12,317.26 ;1 . j J ;11 II j ~ . 4 . ~ :I J I ~ j 1-1 11 ~ i 1_- , I ~ $ 32,731.49 $ 582.78 99,306.94 1,135.28 $ (66,575.45) $ (552.50) 123,000.00 1,200.00 63,421. 30 2,000.00 146,671.77 9,862.67 $ 266,517.62 $12,510.17 15 g;e&rini and Yed~ ~;t-' g;"'lie ~ _~..a ~ .. EXHIBIT D-2 .. TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE .. ENTERPRISE FUND WATER DISTRICTS FOR THE YEAR ENDED DECEMBER 31, 1979 III Central Fleetwood Tall Trees Wappinger Ardmore Watch Hill . $ 5,228.00 $ 5,731.00 $ 293,457.00 $ 29,621. 00 10,191.34 11,366.40 127,826.15 802.07 $10,392.69 .. 53.98 125.80 1,194.29 13.14 50.74 1,500.00 175.00 950.00 .. 169.53 238.28 9,022.30 3,471.49 $15,642.85 $ 17,461.48 $ 432,999.74 $ 34,082.70 $11,393.43 . $ 294.20 $ 23.20 $ 7,080.48 $ 8.80 $ 109.45 . 14,051.13 17,982.33 130,099.76 1,012.43 8,069.64 2,100.00 2,450.00 104,000.00 13,250.00 2, 577 . 50 5,543.42 154,408.29 16,370.86 .. $ $19,022.83 $ 25,998.95 395,588.53 $ 30,642.09 $ 8,179.09 . $ (3,379.98) $ (8,537.47) $ 37,411. 21 $ 3,440.61 $ 3,214.34 . 2,405.32 1,530.26 87,062.86 7,173.22 .. $(5,785.30) $(10,067.73) $ (49,651.65) $ (3,732.61) $ 3,214.34 .. 2,100.00 2,450.00 104,000.00 13,250.00 800.00 54,871. 79 5,749.51 .. 25,385.36 (58,437.06) 132,773.44 37,087.36 .. $22,500.06 $(11,183.00) $ 187,121. 79 $ 52,354.26 $ 3,214.34 .. .. .. .. .. 16 tJ>dkfl'ini and .9'ed{)ll(' ~ fJ'.Ike ~-a .. EXHIBIT E-1 J f J :1 II J j" ',:f { J I II j j ~ a TOWN OF WAPPINGER BALANCE SHEET ENTERPRISE FUND SEWER DISTRICTS DECEMBER 31, 1979 ASSETS CURRENT ASSETS Cash in Bank 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 Portion) TOTAL CURRENT LIABILITIES LONG-TERM LIABILITIES Serial Bonds Payable TOTAL LIABILITIES FUND BALANCE Appropriated-Ensuing Year's Budget Unappropriated TOTAL FUND BALANCE (Exhibit E-2) TOTAL LIABILITIES AND FUND BALANCE Mid-Point Total Park $ 195,322.21 $ 7,577.83 22 , 008 . 72 2,197.80 19,279.48 $ 236,610.41 $ 9,775.63 $8,595,484.51 $728,074.47 1,920,288.20 89,846.83 $6,675,196.31 $638,227.64 $6,911,806.72 $648,003.27 $ 16,462.11 $ 8,032.67 1,247.00 759.80 5,259.13 137,350.00 1,000.00 $ 160,318.24 $ 9,792.47 3,425,000.00 20,100.00 $3,585,318.24 $ 29,892.47 $ 83,400.00 $ 11,000.00 3,243,088.48 607,110.80 $3,326,488.48 $618,110.80 $6,911,806.72 $648,003.27 .1 ~ .. .. .. ~ .. 17 gJelkrini and Yed~ ~~ g;..I&" ~tuoil . .. . .. .. .. .. .. . . .. .. .. .. .. .. .. - .. ilia .. .. ..I .J . $ 6,846.50 $ 766.46 $ 89.00 $ 494.50 312.00 175.20 5,234.13 3,700.00 13,000.00 119,650.00 $ 15,780.63 $ 1,078.46 $ 13,264.20 $ 120,144.50 75,400.00 331,000.00 2,998,500.00 $ 91,180.63 $ 1,078.46 $344,264.20 $3,118,644.50 $ $ 25,400.00 $ 17,000.00 $ 30,000.00 25,660.90 1,975,112.24 18,919.02 616,285.52 $ 25,660.90 $2,000,512.24 $ 35,919.02 $ 646,285.52 $116,841.53 $2,001,590.70 $380,183.22 $3,764,930.02 Fleetwood Rockingham $ 1,178.67 4,100.20 $ 19,068.36 6,877.20 3,596.15 $ 29,541.71 $ 5,278.87 $151,271.35 39,708.69 $111,562.66 $116,841. 53 $2,973,601.06 1,001,552.07 $1,972,048.99 $2,001,590.70 EXHIBIT E-1 TOWN OF WAPPINGER BALANCE SHEET ENTERPRISE FUND SEWER DISTRICTS DECEMBER 31, 1979 Wildwood Wappinger Sewer Improvement Area #1 Watch Hill $ 51,942.48 $ 115,296.89 2,523.40 6,310.12 15,683.33 $ 54,465.88 $ 137,290.34 $371,847.42 $4,370,690.21 46,130.08 743,050.53 $325,717.34 $3,627,639.68 $380,183.22 $3,764,930.02 $257.98 $257.98 $ $ $257.98 $232.98 25.00 $257.98 $257.98 $ $ $257.98 18 g; eIk,llini and !/<<i01te ~ f#J"Ik" .s#ee-ttue16 $ 52,107.71 $(11,533.37) 214,887.12 18,201. 86 $ (162,779.41) $(29,735.23) 132,450.00 900.00 9,502.18 6,761.16 3,347,315. 71 640,184.87 $3,326,488.48 $618,110.80 TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE ENTERPRISE FUND SEWER DISTRICTS FOR THE YEAR ENDED DECEMBER 31, 1979 Total REVENUE Benefit Assessments Sewer Rents Penalties and Interest on Delinquent Sewer Rents Hook-Up Fees Interest and Earnings State Aid $ 358,325.00 242,838.53 1,768.83 3,850.00 12,103.01 48,900.73 $ 667,786.10 $ 1,729.43 283,456.41 132,450.00 198,042.55 $ 615,678.39 TOTAL REVENUE EXPENDITURES Personal Services Contractual Expense Debt Principal Debt 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 To Close Reserve for Bonded Debt FUND BALANCE - January 1, 1979 FUND BALANCE - December 31, 1979 EXHIBIT E-2 "if: . l "tilt III Mid Point Park ~, II $ 2,215.00 23,176.80 ;;<,@: , 203.50 519.58 I II . tit :- j ;. J i j ~ II .. j i j , $ 26,114.88 $ 223.30 35,210.40 900.00 1,314.55 $ 37,648.25 Iii I .1 EXHIBIT F-1 ~ . .. EXHIBIT E-2 -- .. TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE ENTERPRISE FUND .. SEWER DISTRICTS FOR THE YEAR ENDED DECEMBER 31, 1979 .. Wappinger Sewer Fleetwood Rockingham Wildwood Improvement Area tI1 Watch Hill ~:- .. $ 9,048.00 $ $ 31,840.00 $ 315,222.00 $ 31,203.37 73,360.57 51,844.40 63,253.39 .. 162.29 616.00 251.60 535.44 2,625.00 l,225.00 .. 147.99 881. 78 2,252.46 8,301.20 25,400.02 23,500.71 ... $ 40,561.65 $ 102,883.37 $ 86,188.46 $ 412,037.74 $ .. $ 102.60 $ 725.23 $ 174.90 $ 503.40 $ 22,993.99 94, 717.24 38,525.63 92,009.15 3,700.00 13,000.00 114,850.00 .. 4,047.50 18,839.36 173,841.14 $ 30,844.09 $ 95,442.47 $ 70,539.89 $ 381,203.69 $ .. ... $ 9,717.56 $ 7,440.90 $ 15,648.57 $ 30,834.05 $ .. 3,781. 78 74,340.03 9,296.19 109,267.26 $ 5,935.78 $ (66,899.13) $ 6,352.38 $ (78,433.21) $ .. 3,700.00 13,000.00 114,850.00 .. 2,741.02 13,284.10 2,067,411.37 16,566.64 609,868.73 .. $ 25,660.90 $2,000,512.24 $ 35,919.02 $ 646,285.52 $ ... ... ... 20 .. f!JeIk?I'ini and Yea'~ ~ g;..Ik ~-tI ... TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES DEBT SERVICE FUND FOR THE YEAR ENDED DECEMBER 31, 1979 REVENUE Transfers from other Funds Obligations Issued $186,379.69 71 , 000 . 00 TOTAL REVENUE EXPENDITURES Obligations Paid Principal Interest Transfers from other Funds $ 86,550.00 99,829.69 71,000.00 TOTAL EXPENDITURES EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES 21 fJ>elkpini and y~ ~ f!i',J/ie ~a..A Illi EXHIBIT F-1 l,,c' ~. - -. $257,379.69 z,j\ ,II .. J j . .i 1 J j . . ,;d *- i f I I I . I I ! j I J 257,379.69 -0- .. III I .. TOWN OF WAPPINGER BALANCE SHEET CAPITAL PROJECTS FUND DECEMBER 31, 1979 ... . ASSETS .. .. CASH IN BANK DUE FROM OTHER FUNDS - TOTAL ASSETS - .. LIABILITIES AND FUND BALANCE .. Accounts Payable Retained Percentages, Contracts Payable Due to other Funds .. TOTAL LIABILITIES FUND BALANCE (Exhibit G-2) .. TOTAL LIABILITIES AND FUND BALANCE .. .. .. .. .. .. .. 22 - [JJ""ri 0414 f/ed(Jlee ~ ~"JIe." J#--,~ .. EXHIBIT G-1 $385,523.09 25,000.00 $410,523.09 $ 64,293.46 8,689.24 24,400.00 $ 97,382.70 313,140.39 $410,523.09 EXHIBIT G-2 J ,~ . I TOWN OF WAPPINGER STATEMENT OF CHANGES IN FUND BALANCE CAPITAL PROJECTS FUND FOR THE YEAR ENDED DECEMBER 31, 1979 - Fund Fund CAPITAL PROJECT Balance Balance January 1, Revenue Expenditures December 31, 1979 (Exhibit F-3) 1979 Storm Sewer $ 11,805.74 $ 682.40 $ ,$ 12,488.14 , Highway Equipment 682.87 71,734.64 72,417.51 Truett Drainage 9,398.23 10,308.98 (910.75) Drainage Construction 100,842.73 4,845.00 105,687.73 . Town Building and Land 153,937.98 41,710.93 195,648.91,' Wappinger Park Drainage (17,117.92) (17,117.92) Sewer Improvement Area #2 (52,117.69) (52,117.69) Sewer Improvement Area #3 ( 5,000.00) ( 5, 000 . 00) . Mid-Point Park and Hunter Drainage 108,249.02 6,269.64 45,074.34 69,444.32 . Kent Road Drainage ( 2,279.50) 2,279.50 Vehicle Replacement - General Fund, Townwide 2,600.00 4,796.14 4,264.60 3,131. 54' Vehicle Replacement - General Fund, Town Outside Village 2,000.00 2,036.11 2,150.00 1,886.11' TOTAL $303,603.23 $143,752.59 $134,215.43 $313,140.39 ~ i i ~j II I . II >, .. .. .. .. . .. 23 gJeI/,?lIini and g;dOlle CC~ 9"'6;; ~....tl .... ... .. I/IIfI .. TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES CAPITAL PROJECTS FUND FOR THE YEAR ENDED DECEMBER 31, 1979 - .. ... REVENUE Transfers from other Funds Interest and Earnings Miscellaneous ... TOTAL REVENUE ... EXPENDITURES Transfers to other Funds Capital Projects ... TOTAL EXPENDITURES ... EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES .. - .. .. 1M .. .. .. t- ... ,: .. , r. 24 9e1kri and g;a~ ~ g;,J/ie ~tM8 ... EXHIBIT G-3 $112,277.73 29,324.86 2,150.00 $143,752.59 $ 14,936.83 119,278.60 $134,215.43 $ 9,537.16 CASH IN BANK (Exhibit H-2) Payroll Withholding Payable Road Bonds Returnable Due Wappinger Engineer Security Deposits Payable Miscellaneous Payables Due to other Funds TOTAL LIABILITIES TOWN OF WAPPINGER BALANCE SHEET TRUST AND AGENCY FUND DECEMBER 31, 1979 ASSETS LIABILITIES 25 g>eIk,"im' and !/edo_ ~ ~"Ilie ..#---'-a EXHIBIT H-l ... .... .. ... . $22,586.80 . " . $ 9,258.49 4,233.51 4,059.04 200.00 183.45 4,652.31 .~1 Ii ,::~ " .. $22,586.80 i i ;1 . Ii ,1~: II ~ lIii ~ II j j j ~ II I 4 - EXHIBIT H-2 ".. .. TOWN OF WAPPINGER STATEMENT OF REVENUE AND EXPENDITURES AND CHANGE IN CASH TRUST AND AGENCY FUND FOR THE YEAR ENDED DECEMBER 31, 1979 .. .. .. CASH CASH January 1, December 31, 1979 Revenue Expenditures 1979 Consolidated Payroll $ $ 544,755.52 $ 544,755.52 $ Employees Retirement 221. 59 1,816.16 1,887.73 150.02 New York State Income Tax 20,640.22 20,640.22 Federal Income Tax 67,711. 72 67, 711. 72 Income Executions 161. 82 161.82 Social Security 8,439.32 67,312.02 66,642.87 9,108.47 Street Opening Deposits 5,505.06 650.00 1,609.25 4,545.81 Tax Receivers Fund 8,821,306.77 8,821,123.32 183.45 Sub-Division Inspection Fees 8,154.43 3,876.53 4,277 .90 Rockingham Sewer - Special 1,096.15 2,500.00 3,596.15 Watch Hill Water - Special 525.00 525.00 Rent Security Deposit 200.00 200.00 Miscellaneous 15.00 15.00 TOTAL $23,941. 55 $9,527,069.23 $9,528,423.98 $22,586.80 .. ... ... .. ill ill .. .. .. .. lit .. f .. .. 26 .. g;eIk?Nni and Yed~ ~ g;"'kD ~_t:J ill TOWN OF WAPPINGER BALANCE SHEET LONG-TERM DEBT GROUP OF ACCOUNTS DECEMBER 31, 1979 ASSETS Provision to be made in future Budgets for Capital Indebtedness SERIAL BONDS PAYABLE Mid-Point Drainage Facilities Hunter Drainage Facilities Drainage Surface System Drainage Construction Drainage Improvement Various Drainage Purposes Highway Equipment TOTAL LIABILITIES LIABILITIES - 6.10% - 6.10% - 5.00% - 5.00% - 5.80% - 5.375% - 5.50% 27 fYJdk?ltini ond YetiOIl(' CC~ f!J"Jb" ~ t EXHIBIT I-I - $1,849,050.00 J J J d j ~. I ij I J J J ,& II i II $ 210,450.00 18,200.00 350,600.00 504,800.00 325,000.00 369,000.00 71,000.00 $1,849,050.00 i .. .~ . ;:it . I ~ i 01 i ~: j ~~ i - - - TOWN OF WAPPINGER STATEMENT OF GENERAL FIXED ASSETS DECEMBER 31, 1979 - "ill .. GENERAL FIXED ASSETS Land Recreation Land Buildings Improvements other than Buildings Machinery and Equipment Work in Progress Sewer Improvement Area #2 Work in Progress - Sewer Improvement Area #3 .- - TOTAL GENERAL FIXED ASSETS -- .. INVESTMENT IN GENERAL FIXED ASSETS Bonds and Notes Current Appropriations Gifts Special Revenue Funds .. TOTAL INVESTMENT IN GENERAL FIXED ASSETS -.. .. .. .. .. .. .. .. SEE COMMENTS AND LETTER OF TRANSMITTAL .. 28 .. f#dIe?,.,ni (lnd .:%d~ ~ (#1",&;, ..#cawWaMI .. EXHIBIT J-1 $ 165,234.54 575,787.05 121,224.31 1,950,907.98 218,959.47 205,646.67 5,000.00 $3,242,760.02 $1,784,322.06 277 , 512.80 732,779.75 448,145.41 $3,242,760.02 ." -.... IIIIL -- ,~ lIIloe- t --~ ',1\ ...... .L. J i J J j j j J d I j i J