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1978-12-31 i. .. .. i. II. ill TOWN OF WAPPINGER AUDIT REPORT II. DECEMBER 31, 1978 .. ... Harch 02, 1979 ... L ~- .. ~, .. ... ~- II. Ii. ... Ii f t. RECEIVED APR 1 8 1979 f ill EUINE H. SNOWDEN t. <& .. g;eIk,,.u,'; f.l4UI !/~ ~ fJ>"Ik d .1I_A1~ ~ I I .1./' I I I I I tI./ I I I I I t I I...i , . I I I I I ~ .. .. TOWN OF WAPPINGER ill. TABLE OF CONTENTS It. DECEMBER 31. 1978 l.. .. Page 1 Auditors' Report Pages 2-3 Connnents Pages 4-6 All Funds Pages 7-11 General Fund Pages 12-17 Enterprise Fund - Sewer Districts Pages 18-23 Enterprise Fund - Water Districts Pages 24-28 Special Revenue Fund Pages 29-31 Capital Projects Fund Pages 32-34 Trust and Agency Funds Page 35 General Fixed Assets Pages 36-37 Debt Service Fund .. i. .. ,: ill .. L. ~ .. ... ;; ... ... .. 1. i. i.. ... n .. [JJd/,flCini ana Yea~ ~ #J"'~(; .w'~....a II I I I I I I I I I I I I I I I I I I I I I t III lit PIMtj"eni wnd !/~ (G~I!tijfe{1 (!Allie ~O{entant:J ... i. {/.xeatte"IJe ~J<' ONE OVEROCKER ROAD POUGHI<EEPSlE, NEW YORK 12603 ~; .. 914-4152-9090 .. Ii. March 2, 1979 II. Ii. Mr. Louis D. Diehl, Supervisor Members of the Town Board Town of Wappinger Wappingers Falls, New York 12590 It. Gen t lemen : '- We have examined the balance sheets of the various funds of the Town of Wappinger, New York, as of December 31, 1978 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 test of the accounting records and such other auditing procedures as we considered necessary in the circumstances. ... h ... I .. In our opinion, the accompanying balance sheets and related statements present fairly the financial position of the various funds and balanced account groups for the Town of Wappinger, New York, December 31, 1978, and the results of their operations 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, L. PELLEGRINI AND SEDORE, C. P. A.s L ~, t-. James L. Sedore, Jr. Certified Public Accountant L. L JLS:fs ~ Enc: Statements ~ 1 l .. TOWN OF WAPPINGER COMMENTS FOR THE YEAR ENDED DECEMBER 31, 1978 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. This system has been mandated by the State of New York Department of Audit and Control for years beginning in 1978. 2. General Fixed Assets: General Fixed Assets are recorded as expenditures in all but the Enter- prise Funds, at the time of purchase. Such assets are subsequently capi- talized at cost in the General Fixed Assets Group of Accounts. Gifts or contribution are recorded in General Fixed Assets Fund at fair market value at time received. 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. Since 1975 the town has been in compliance with this mandate for assets received in those years. However, full compliance would require either an industrial appraisal of all assets, or a fixed Asset Study in which all assets were catalogued, and their historical cost reconstructed. Either method should provide new reproduction cost, depreciated values, original cost or appraised historical cost and annual depreciation calculation. The town is currently taking measures to comply with this mandate for fixed asset accounting. However, the time factor in completing this study was such that reflection in this year's financial statements was not possible. 3. Depreciation In accordance with the directions of the American Institute of Certified Public Accountants', Industry Audit Guide, depreciation, as a means of allo- cating the cost of tangible capital assets to expense over the useful life of such assets, has been introduced into the accounts of the Town of Wappinger's Enterprise Funds. As noted in the above comment on General Fixed Assets, the study of General Fixed Assets has not yet been completed, therefore, depreciation on those assets has not been recorded. 2 fJJelkjl't7/t (lml /./alt,J'f' (I;~d'l(~d /Y/?Mr. .,Cv,:"ou"la..ts ,I I j j ~ j ~ A .. j J I j J J j J I,,' ;' , J I J ,I I j .. III 4. Compensation for Personnel: .. For the year under review, several individuals have received compensa- tion after submission of a voucher for personal services. In the absence of a contractual arrangement between the Town and the supplier of personal services, the Town must comply with the provision of the United States In- ternal Revenue Code, Tax Law and Social and Retirement Law. '.i ... .. 5. Internal Controls: .. During the year under review, internal controls were found to be ade- quate for the purpose of exercising effective accounting control over assets, liabilities, revenues and expenditures. \ .. :~) ~ .. L .. Ii .. L f; .. .. .. .. l i. ~ l L ill. 3 I .. ge/kjllt,1I and !:Ie(k'll~ (t3~("-"" f!jJ.J/'e %c.-!<<..u TOWN OF WAPPINGER ALL FUNDS BALANCE SHEET DECEMBER 31, 1978 ASSETS CURRENT ASSETS Cash in Bank and on Hand Accounts Receivable Prepaid Expenses $ 1,032,110.72 50,597.80 3,202.00 TOTAL CURRENT ASSETS FIXED ASSETS General Fixed Assets Utility Plant in Service Less: Accumulated Depreciation $ 3,052,361.78 $12,561,704.27 2,206,862.99 10,354,841.28 TOTAL FIXED ASSETS TOTAL ASSETS LIABILITIES, RESERVES AND FUND BALANCE CURRENT LIABILITIES Accounts Payable $ Retained Percentages, Contracts Payable Serial Bonds Payable - Current Portion Bond Anticipation Notes Payable - Current Portion Capital Notes Payable - Current Portion 136,559.34 54,108.62 329,400.00 57,600.00 12,600.00 TOTAL CURRENT LIABILITIES LONG TERM LIABILITIES Serial Bonds Payable TOTAL LIABILITIES RESERVES For Bonded Debt FUND BALANCE Appropriated - Ensuing Year's Budget Unappropriated $ 215,815.00 5,087,047.14 TOTAL FUND BALANCE (Exhibit A-2) TOTAL LIABILITIES, RESERVES AND FUND BALANCE 4 fJJelk/ll't'ni (/1/(/ YnlNt(' 't;;";yie</ [Y,.I(,c ,rv'crtWlll.-'fll6 EXHIBIT A-1 ,j I ,;1 . at ~ ~ j t j j j j J J i j J j if . j j ~ j $ 1,085,910.52 13,407,203.06 $14,493,113.58 $ 590,267.96 8,527,000.00 $ 9,117,267.96 72,923.48 5,302,922.14 $14,493,113.58 .. .. i. TOWN OF WAPPINGER ALL FUNDS STATEMENT OF CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31t 1978 .. ~ ... FUND BALANCE - JANUARY 1, 1978 1. i. ADD: Excess of Revenue over Expenditures (Exhibit A-3) $ To Close Reserve for Encumbrances To Reduce Reserve for Bonded Debt 569,546.18 4,048.81 74,145.57 .. L FUND BALANCE - DECEMBER 31, 1978 .. ~ .. L. &. L ~, ... &.. L L 1 ! ... l L 5 ~ .. [JJelle?1<e,u al/(l Yedr>1<f' rt~"lfred f?I>.ltc .#<<-.'<<"/6 EXHIBIT A-2 $ 4,655,181.58 647,740.56 $ 5t302t922.14 TOWN OF WAPPINGER ALL FUNDS STATEMENT OF REVENUE AND EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 1978 REVENUE: Real Property Taxes Interest and Earnings Intergovernmental Revenue Sewer and Water Charges Charges for Services Penalty and Interest on Delinquent Taxes and Charges Gifts and Contributions Licenses and Permits Miscellaneous $ 1,601,491.45 79,067.61 889,986.41 368,992.13 32,791. 70 17,234.24 34,275.00 34,256.49 14,546.37 TOTAL REVENUE EXPENDITURES BEFORE DEPRECIATION Personal Service Contractual Expenses Employee Benefits Interest on Debt $ 520,029.95 1,007,032.96 182,680.88 492,403.98 TOTAL EXPENDITURES BEFORE DEPRECIATION EXCESS OF REVENUE OVER EXPENDITURES BEFORE DEPRECIATION Depreciation EXCESS OF REVENUE OVER EXPENDITURES 6 9e1kjlleilt ami Ynlr>'Jl(' ('f,~tjt;.d g;"Ilic .91"",-'a..n EXHIBIT A-3 J J .J I j i j j J ~ j J J J j J j , j j j ~ j $ 3,072,641.40 $ 2,202.147.77 $ 870,493.63 300,947.45 $ 569,546.18 .. i.. ill .. i. .. .. .. f# L. ! ... ~ ... l: .. if i. .. .~ , f, .. i.' .. L L j .. L L L. EXHIBIT B-1 TOWN OF WAPPINGER GENERAL FUND BALANCE SHEET DECEMBER 31, 1978 ASSETS Town Outside Total Townwide Village Highway Cash in Bank and on Hand $186,787.06 $52,343.15 $123,249.34 $11,194.57 Accounts Receivable 3,616.00 3,616.00 Due from other Funds 50,124.07 41,068.26 9,055.81 TOTAL ASSETS $240,527.13 $97,027.41 $132,305.15 $11,194.57 LIABILITIES AND FUND BALANCE Accounts Payable $ 32,489.96 $17,034.64 $ 9,704.30 $ 5,751.02 Due to Other Funds 618.00 618.00 TOTAL LIABILITIES $ 33,107.96 $17,652.64 $ 9,704.30 $ 5,751.02 FUND BALANCE: Appropriated - Ensuing Year's Budget $ 83,500.00 $25,000.00 $ 54,000.00 $ 4,500.00 Unappropriated 123,919.17 54,374.77 68,600.85 943.55 TOTAL FUND BALANCE $207,419.17 $79,374.77 $122,600.85 $ 5,443.55 (Exhibit B-2) TOTAL LIABILITIES AND FUND BALANCE $240,527.13 $97,027.41 $132,305.15 $11,194.57 7 ~Ik?""lt' u m/ Yed{lllf' 'f;~fi'etl f!>,,//,-c .#.......Ia../.I EXHIBIT B-2 TOWN OF WAPPINGER GENERAL FUND STATEMENT OF CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1978 Town Outside Total Townwide Village Highway FUND BALANCE JANUARY 1, 1978 $180,801.69 $81,392.91 $ 66,905.55 $32,503.23 ADD: Excess of Revenue over Expenditures (Exhibit B-3) 55,695.30 55,695.30 To Close Reserve For Encumbrances at December 31, 1976 4,048.81 4,048.81 TOTAL $240,545.80 $85,441. 72 $122,600.85 $32,503.23 DEDUCT: Excess of Expenditures over Revenue (Exhibit B-3) _]3,126.63 6,066.95 27,059.68 FUND BALANCE - DECEMBER 31, 1978 $207,419.17 $79,374.77 $122,600.85 $ 5,443.55 8 fJJelk?"im €I /1(1 Ye,h'I'r 1;;..t-fN.l ?.I6e ~--'-u j J j ~ ~ ~ J j "' . I II j J J , j , J j j , t j .. .. EXHIBIT B-3 TOWN OF WAPPINGER -----.-"-.--. GENERAL FUND STATEMENT OF REVENUE AND EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 1978 .. III ~) III .. .. REVENUE: Real Property Taxes Penalties and Interest on Delinquent Real Property Taxes Services for other Governments Intergovernmental Revenue Licenses and Permits Charges for Services Fines and Forfeitures Transfer from other Funds Miscellaneous Interest and Earnings Rent Income i. ... L. ~ It. ~ .. TOTAL REVENUE lit EXPENDITURES: Personal Services Capital Outlay Contractual Expenses Employee Benefits Transfer to other Funds ~ TOTAL EXPENDITURES \B III L EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES ill .. .. a.. ;; ... i" f .. Total Town Outside Village Townwide Highway (Exhibit B-4) $ 901,108.52 $288,339.52 $451,519.00 $161,250.00 13,802.39 13,802.39 1,500.00 3,400.53 170,275.60 232,924.39 5,636.25 3,621.19 3,06~.55 15,641.15 14,084.00 8,005.00 1,095.84 3,242.23 2,474.10 5,834.89 3,250.00 $5O.h?.U.32 $420,294.64 $466,390.67 4,900.53 408,836.24 3,621.19 18,707.70 14,084.00 8,005.00 1,095.84 11,551. 22 3,250.00 $1,388,962.63 $ 498,761. 50 $231,323.23 $ 49,708.64 $217,729.63 58,125.70 2,227.71 397.99 55,500.00 454,535.03 185,254.23 60,555.08 208,725.72 181,682.88 77,908.36 103,774.52 173,288.85 11,630.74 150,163.11 11,495.00 $1,366,393.96 $508,3L:4.27 $364,599.34 $493,450.35 $ $ (6,066.95) $ 55,695.30 $(27,059.68) 22,568.67 ~ 9 ~/~'1Jl"1I1 {IJI'/ ,1/,/,,,., '("i,/,,,I i-1/-/'/', .\:/....,,"(,mi, EXHIBIT B-4 j J J ~ J J , j j I j J J J J j J j , J J J TOWN OF WAPPINGER GENERAL FUND HIGHWAY STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1978 TOTAL REVENUE Repairs and Total Improvements $451,519.00 $342,724.00 5,636.25 5,636.25 5,834.89 4,552.05 3,400.53 $466,390.67 $352,912.30 $217,729.63 $173,335.88 55,500.00 55,500.00 208,725.72 127,897.05 11,495.00 $493,450.35 $356.,732.93 $(27,059.68) $( 3,820.63) 32,503.23 227.08. $ 5,443.55 $( 3,593.55) REVENUE: Real Property Taxes State Aid Interest and Earnings Services for other Governments EXPENDITURES: Personal Services Capital Outlay Contractual Expenses Transfers to other Funds TOTAL EXPENDITURES EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES FUND BALANCE - JANUARY 1, 1978 FUND BALANCE - DECEMBER 31, 1978 10 Y~/tJ 1'I1It {II"I ~'/,(/, 'n' ((,,,,I,/(ed .'-Y~J;'r < (Y;:~<wN",.h .. .. iii iIII j:. ... ... Bridges i. $3,750.00 104.24 .. .. 3,854.24 .. 1,060.00 2,940.00 .. $4,000.00 .. $ (145.76) .. 236.10 & if .. $ 90.34 .. ... L it i.. i L L L EXHIBIT B-4 Snow and Machinery Miscellaneous $ 36,095.00 $68,950.00 451.15 727.45 3,400.53 36,546.15 73,077.98 12,983.75 30,350.00 25,181. 86 52,706.81 11,495.00 $ 49,660.61 $83,056.81 $(13,114.46) $(9,978.83) 13,433.68 18,606.37 $ 319.22 $ 8,627.54 11 fJJelle?"I'ni ami <9('(1{l"~ r'f,;"lyiN' g'J"jte ..#<<-..1<<.,6 TOWN OF WAPPINGER ENTERPRISE FUND SEWER DISTRICTS BALANCE SHEET DECEMBER 31, 1978 ASSETS CURRENT ASSETS Cash in Bank Accounts Receivable Due from other Funds TOTAL CURRENT ASSETS FIXED ASSETS Utility Plant in Service Less: Accumulated Depreciation TOTAL FIXED ASSETS TOTAL ASSETS LIABILITIES, RESERVES 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 Reserve for Bonded Debt FUND BALANCE Appropriated-Ensuing Year's Budget Unappropriated TOTAL FUND BALANCE (Exhibit C-2) TOTAL LIABILITIES, RESERVES AND FUND BALANCE EXHIBIT C-l j J J ~ J :t I .f J J J J J J j J J J j j I j J ~.1:td Point Total Part~ ~ 99,367.47 $ :.,323.25 ~' 18,924.73 1,868.50 112,557.17 10,347.12 $ 230,849.37 $ 16,538.87 $8,587,863.10 $728.074.47 1,705,401.08 71,644.97 $6,882,462.02 $656,429.50 $7 ,113,311.39 ~72 >> 968. 37 $ 42,034.14 $ 3,142.54 1,247.00 759.80 18,412.36 120.00 132,450.00 900.00 $ 194,143.50 $ if, 922.34 3,562,350.00 $ 21,100.00 $3,756,493.50 $ 26,022.34 $ 9,502.18 $ 6,761.16 $ 98,580.00 $ 15,600.00 3,2L;i3,735.71 624,584.87 $3,347,315.71 $640,184.87 $ 7 ,113,311. 39 $672,968.37 12 {jJ eIk?"i"'; 01/(1 ~'d{Jllf' ((j~,.tif*' fF.ltc ~-ta..h .. EXHIBIT C-1 .. III ~ .. .. Wappinger Sewer Fleetwood Rockingham Wildwood Improvement Area #1 $ 1,825.01 $ 29,574.04 $ 42,133.26 $ 21,511. 91 3,710.02 6,396.87 2,279.20 4,670.14 1,096.15 58.23 101,055.67 -, $ 5,535.03 $ 37,067.06 $ 44,470.69 $ 127,237.72 $151,271.35 $2,973,601. 06 $371,847.42 4,363.068.80 35,926.91 927 ,212.04 36,833.89 633,783.27 $115,344.44 $2,01,5,389.02 $335,013.53 $3,729,285.53 $120,879.47 $2,083,456.08 $379,484.22 $3,856,523.25 ... .. .. ... .. La i. $ 16,820.22 $ 15,732.71 $ 5,742.38 $ 596.29 312.00 175.20 5,234.13 13,058.23 3,700.00 13,000.00 114,850.00 $ 25,754.35 $ 16,044.71 $ 18,917.58 $ 128,504.52 79,100.00 344,000.00 3,118,150.00 $104,854.35 $ 16,044.71 $362,917.58 $3,246,654.52 $ 2,741.02 $ $ $ $ $ 39,900.00 $ 20,920.00 $ 22,160.00 13,284.10 2,027 ,511.37 (4,353.36) 587,708.73 $ 13,284.10 $2 ,067,411. 37 $ 16,566.64 $ 609,868.73 $120,879.47 $2,083,456.08 $379,484.22 $3,856,523.25 1M ,~ L .. ~, II. ;1 it III I. L. L w; It. 13 L fJ'JeIk?l'int and Y;'dfll'f' (f;~f'NI (J'..i/'c d-"'lWWa..l. TOWN OF WAPPINGER ENTERPRISE FUND SEWER DISTRICTS STATEMENT OF CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1978 FUND BALANCE - January 1, 1978 ADD: Excess of Revenue over Expenditures (Exhibit C-3) Additions to Plant Financed by Other Funds Liabilities Paid from Appropriations Transfer from Reserve for Bonded Debt TOTAL DEDUCT: Excess of Expenditures over Revenue (Exhibit C-3) Transfer to Reserve for Bonded Debt TOTAL DEDUCTIONS FUND BALANCE - DECEMBER 31, 1978 Total $3,153,649.76 36,821.99 115,951. 04 123,000.00 21,130.24 $3,450,553.03 $ 95,191.16 8,046.16 $ 103,237.32 $3,347,315.71 14 rJ>elkjl',,/t {1m/ ~rh)J<t' (6~rlftNl f?j>,d/,'c .s*<"<-tu.w EXHIBIT C-2 ;fl II j J<: J'-" ~ J J j J J J J J '. I J j i J J I J J J Mid Point Park $664,823.73 $664,823.73 $ 17,877.70 6,761.16 $ 24,638.86 $640,184.87 iii EXHIBIT C-2 .. .. .. ... Fleetwood Rockingham Wildwood Wappinger Sewer Improvement Area #1 III $16t235.44 $2,139.858.49 $(8t509.01) $341,241.11 "- 12,075.65 24,746.34 115,951. 04 106t800.00 21 , 130 . 24 .. 3t200.00 13,000.00 I. $19t435.44 $2,139,858.49 $16t566.64 $609t868.73 i l III , .. $ 4,866.34 $ 72,447.12 $ $ L. 1,285.00 $ 6,151.34 $13t284.10 I. ':' $ 72,447.12 $2,067,411. 37 $ $ $16,566.64 $609,868.73 L. i. ~ ... ~ It. ii liE II. ~ I, L ~ 1. 15 ffJelk.?It""le' uml !/n!fJltf' '(j~,./~~ fJ'"I!'e ~-'....a TOWN OF WAPPINGER ENTERPRISE FUND SEWER DISTRICTS STATEMENT OF REVENUE AND EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 1978 Total REVENUE: Benefit Assessments Sewer Rents Penalties and Interest on Delinquent Sewer Rents Hook-Up Fees Interest and Earnings Transfers from other Funds State Aid $358,145.00 223,253.94 1,937.17 2,65G.00 13,495.46 100,982.79 78,807.25 $779,271.61 TOTAL REVENUE EXPENDITURES: Personal Services Contractual Expense Employee Benefits Debt Principal Debt Interest $ 3,276.65 294,050.85 458.00 123,000.00 205,057.50 $625,843.00 TOTAL EXPENDITURES EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES BEFORE DEPRECIATION $153,428.61 DEPRECIATION 211,797.78 EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES $"(58,369.17) ~ ~ 16 ;::/ eIk?"ini ami Yet/Oil" ('~..dY;#d g>"'lre .w'ee<wJ.-4l EXHIBIT C-3 I I J J ~ J ~ J J ~ J J J J J J J J ~ , J J J Mid Point Park $ 23,106.50 333.00 1,213.67 11,909.21 $ 36.562.38 $ 175.20 35.321.02 71. 00 671. 00 $ 36.238.22 $ 324.16 18,201. 86 $(17.877.70) L. .. L. -::; L L Fleetwood L. $ 8,705.00 27,223.77 .. 170.06 .. 243.88 i. $36,342.71 .. $ 347.80 29,592.47 67.00 3,200.00 . 4,220.00 $37,427.27 L ... ,; .. L. $(1,084.56) $ 21,371.83 9,296.18 $ 1,892.90 74,340.02 3,781.78 L. $(4,866.34) $(72,447.12) $ 12,075.65 ... .. L l ~ It. L 17 ~/kJl"im und ,9;,df11<f' rG~ft;..t g>"Ite .#--'~ L EXHIBIT C-3 $ 130,924.28 106,177.94 $ 24,746.34 TOWN OF WAPPINGER' ENTERPRISE FUNDS WATER DISTRICTS BALANCE SHEET DECEMBER 31, 1978 ASSETS CURRENT ASSETS Cash in Bank Accounts Receivable Due From Other Funds TOTAL CURRENT ASSETS FIXED ASSETS Utility Plant in Service Less: Accumulated Depreciation TOTAL FIXED ASSETS TOTAL ASSETS LIABILITIES, RESERVES JL~ FUND BALANCE CURllENT LIABILITI.j;S Accounts Payable Retained Percentages - Contracts Payable Due to Other Funds Bond Anticipation Notes Payable (Current Portion) Serial Bonds Payable (Current Portion) TOTAL CURRENT LIABILITIES LONG TERM LIABILITIES Serial Bonds Payable TOTAL LIABILITIES Reserve for Bonded Debt FUND BALANCE Appropriated - Ensuine Year's Budget Unappropriated TOTAL FUND BALANCE (Exhibit D-2) TOTAL LIABILITIES, RESERVES AND FUND BALANCE Total $ 92,951.47 15,025.85 107,644.19 $ 215,621.51 $3,973,841.17 501,461.91 $3,472,379.26 $3.688.000.77 $ 7,543.83 25,108.41 78,055.46 57,600.00 123,000.00 $ 291,307.70 $3,186,600.00 $3,477,907.70 $ 63,421.30 $ 33,795.00 112,876.77 $ 146,671. 77 $3,688,000.77 18 fY'Je//'f""II' and Yechl1'r rt'~?id' g;",;,'c .#--'t1...~ EXHIBIT D-1 J ~ j d .t ~ ~ j ;. I J .t J j j ~ , ~ ~ I j i J Oakwood $ 8,071.68 1,353.00 $ 9,424.68 $ 45,411.12 12,488.08 $32,923.04 $42.347.72 $ 485.05 1,200.00 $ 1,685.05 $28,800.00 $30,485.05 $ 2,000.00 $ 3,795.00 6,067.67 $ 9,862.67 $42,347. 72 .. n L .. ill i. l .. L L ~ L. i.. ~ if i. L f.. ;, M .. L L .. i .. .. .. EXHIBIT D-1 Central Fleetwood Tall Trees Wappinger Ardmore $ 4,931.41 $ 5,544.12 $ 71,024.50 $ 3,379.76 1,280.02 1,221.00 11,171.83 1,734.13 54,871.79 1,914.66 49,123.61 $ 7,945,56 $ 61,636.91 $ 84,110.99 $ 52,503.37 $96,212.86 $ 61,210.46 $3,484,078.12 $286,928.61 22,850.54 6,121. 04 460,002.25 $73,362.32 $ 55,089.42 $3,024,075.87 $286,928.61 $81,307.88 $116,726.33 $3,108,186.86 $339,431.98 $ 1,172.52 $ 1,669.47 $ 4,216.79 3,513.30 1,350.00 6,022.13 70,683.33 57,600.00 2,100.00 2,450.00 104,000.00 $ 4,622.52 $ 67,741.60 $ 182,413.42 $50,500.00 $ 52,550.00 $2,793,000.00 $55,122.52 $120,291. 60 $2,975,41:).42 $ 800.00 $ 54 ,871. 79 $ $ 5,000.00 $ $ 25,000.00 20,385.36 (58,437.06) 107,773.44 $25,385.36 $(58,437.06) $ 132,773.44 $81,307.88 $116,726.33 $3,108,186.86 $ 21,595.11 13,250.00 $ 34,845.11 $261,750.00 $296,595.11 $ 5,749.51 $ 37,087.36 $ 37,087.36 $339,431. 98 19 ~IIe/ll'e"" ond y;,./r'I''' ('~..tfr:..t g;"Ilre $cawWa..a TOHN OF WAPPINGER ENTERPRISE FUND WATER DISTRICTS STATEMENT OF CHANGES IN FUND BALANCE FOR YEAR ENDED DECEMBER 3lt 1978 Total FUND BALANCE - JANUARY It 1978 $(102t2l3.27) ADD: Excess of Revenue over Expenditures (Exhibit D-3) Additions to Plant Financed by Other Funds Liabilities Paid from Appropriations Transfer from Reserve for Bonded Debt $ 2t355.67 156 t 77 4. 74 191t900.00 115t933.28 $ 364t750.42 TOTAL DEDUCT: Excess of Expenditures over Revenues (Exhibit D-3) Transfer to Reserve for Bonded Debt $ l63t206.86 54t871. 79 $ 2l8t078.65 $ l46t671. 77 TOTAL DEDUCTIONS FUND BALANCE - DECEMBER 31t 1978 20 mlk!I'ITIl (/ 1/(/ :/f'(~'n '(1,,,/0,,,1 .VF,d/'r "Y.,rO/Ul/a..l. EXHIBIT D-2 J j J ,I II ~ j . I j j j 11 I J . .. j J J j J , j ,I I J Oakwood $6t307.00 $2~355.67 1,200.00 $9~862.67 $ $ $9,862.67 L. EXHIBIT D-2 4 .. l. .. i.. Fleetwood Tall Trees Central Wappinger Ardmore .. $24,587.84 $ (5,140.92) $(14,096.64) $(113,870.55) ... $ $ $ L. 2,000.00 3,700.00 120,925.58 100,000.00 $ 35,849.16 85,000.00 115,933.28 $ 122,911.89 .. $26,587.84 $ (1,440.92) $206,828.94 .. L. $ 1,202.48 $ 2,124.35 54,871.79 $ 56,996.14 $(58,437.06) $ 74,055.50 $ 85,824.53 I. li- t. $ 1,202.48 $2.5,385.36 $ 74,055.50 $132,773.44 $ 85,824.53 $ 37,087.36 .. I. Ii. ... h ill 1. L. .. 21 ~ .. fJJelle;?Jlim' ami .gecl{lJlf' f't,'ffl'yt";...I [1>",/,,, .w'<<-u'tl..h EXHIBIT D-3 ~ J j J j J I j j . I , J j ~ :. I I , j I I ~ , TOWN OF WAPPINGER ~---------_._._--- ENTERPRISE FUND WATER DISTRICTS STATEMENT OF REVENUE AND EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 1978 Total Oakwood REVENUE: Benefit Assessments $ 322,599.00 $ 4,820.00 Water Sales 145,738.19 9,603.00 Penalties and Interest on Delinquent Water Sales 1,494.68 93.00 Hook-up Fees 2,650.00 Interest and Earnings 19,058.71 409.24 TOTAL REVENUE $ 491,540.58 $14,925.24 EXPEND ITURES : Personal Services $ 11,899.41 $ 104.99 Contractual Expenses 141,317.70 8,540.30 Employee Benefits 540.00 29.00 Debt Principal 191,900.00 1,200.00 Debt Interest 193,186.67 1,560.00 Transfer to Other Funds 24,398.32 TOTAL EXPENDITURES $ 563,242.10 $11,434.29 EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES BEFORE DEPRECIATION $ (71,701. 52) $ 3,490.95 DEPRECIATION 89,149.67 1,135.28 EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES $ (160,851.19) $ 2,355.67 22 fJJelk,Iltni oml Ynft,,,I' 't;d<jled g;"//'r .sV<<-.I.._ .. ... ill i. i. Central Fleetwood Tall Trees Wappinger $ 5,580.00 $ 5,161. 00 $293,538.00 9,454.18 11,366.40 115,314.61 59.65 118.40 1,223.63 2,650.00 204.53 2,466.04 5,193.93 $15,298.36 $19,111. 84 $417 ,920.17 $ 347.78 $ 964.75 $ 10,481.89 9,015.74 11,113.55 112,648.11 52.00 28.00 431.00 2,000.00 3,700.00 100,000.00 2,680.00 3,899.63 159,937.54 24,398.32 $14,095.52 $19,705.93 $407,896.86 .. , ~ .. .. I.. .. .. L i: ;:i iw $ 1,202.84 $ (594.09) $ 10,023.31 L. 2,405.32 1,530.26 84,078.81 .. $(1,202.48) $(2,124.35) $(74,055.50) .. ~ II. ~1 Ii. 1.. 1 .. L 23 g:lk,,,im and !J;,clt,l'(, ("f,~"'7';..t #..Ile d.--ltutl~ i. EXHIBIT D-3 Ardmore $ 13,500.00 10,784.97 $ 24,284.97 . $ 85,000.00 25,109.50 $110,109.50 $(85,824.53) $(85,824.53) EXHIBIT E-1 .. I J J j ;j I ~ .J . j J j j I J j .A I j I: .:." j ~ ~ j i ,;8 . TOWN OF WAPPINGER SPECIAL REVENUE FUND BALANCE SHEET DECEMBER 31, 1978 New York Federal Federal State Revenue Ant i- Anti- Total Sharing Recession Recession ASSETS Cash in Bank $107,110.74 $57,598.82 $68.26 $ Accounts Receivable 13,031. 22 Prepaid Expenses 3,202.00 TOTAL ASSETS $ 123,343.96 $57,598.82 $68.26 $ LIABILITIES AND FUND BALANCE Retained Percentages, Contracts Payable $ 13,031. 22 $ $ $ Due to Other Funds 162.26 94.00 68.26 TOTAL LIABILITIES $ 13,193.48 $ 94.00 $68.26 $ FUND BALANCE (Exhibit E-2) 110,150.48 57,504.82 TOTAL LIABILITIES AND FUND BALANCE $123,343.96 $57,598.82 $68.26 $ 24 fJJelle!Jll111 ami .Yal{)!'(. ('f;~I'I,/..a' Y'"J/'c %r_I",./o .. EXHIBIT E-1 ~: ill .. I. u .. 1. George Park1ands Economic Sch1athaus Dog Street Downstream Deposit Patrolmen's Development Memorial Control Lighting Drainage Trust Uniform Fund Fund Program $1,296.11 $14,164.91 $31,695.38 $19.20 $ $26.06 $2,242.00 13,031. 22 3,202.00 $4,498.11 $14,164.91 $31,695.38 $19.20 $13 ,031. 22 $26.06 $2,242.00 L. i ~: .. L ... $ $ $ $ $13,031.22 $ $ i. $ $ $ $ $13,031. 22 $ $ L 4,498.11 14,164.91 31,695.38 19.20 26.02 2,242.00 t .. $4,498.11 $14,164.91 $31,695.38 $19,20 $13,031.22 $26.06 $2,242.00 ... L ... ~ ~j ... ~. .. ~ .. t .. L 25 f}Jelkf1<in'; oml !/"dl)1<f' ~HI"-;"" 9.11ie ~-w....tl .. Total Federal Revenue Sharing j J J J ~ J J j J , 21,905.92. I j j j j I j I I ~ j J EXHIBIT E-2 TOWN OF WAPPINGER SPECIAL REVENUE FUND STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1978 REVENUE: Federal Aid New York State Aid Benefit Assessments Fees Contributions Interest and Earnings Transfers from Other Funds TOTAL REVENUE EXPENDITURES: Personal Services Capital Outlay Contractual Expenses Transfer to Other Funds TOTAL EXPENDITURES Federal Anti- Recession New York State Anti- Reeession $402,342.92 $140,173.00 $ 2,660.00 $ 19,638.93 30,635.30 34,275.00 7,281.08 3,830.74 $498,003.97 4,363.56 128.36 3,830.74 $ 6,619.10 267.17 $144,536.56 $ 267.17 $ 6,092.39 $ 6,092.39 $ 403,127.40 65,470.70 117,129.38 101,808.64 55,057.85 8,005.00 $581. 407.02 $173.371.73 $ 8.005.00 $ $ 21.905.92 EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES $(83,403.05) $(28,835.17) $(1,385.90) $ (21,638.75) FUND BALANCE - January 1, 1978 193,553.53 86,339.99 1,385.90 21,638.75 FUND BALANCE - December 31, 1978 $110,150.48 $ 57,504.82 $ -0- $ -0- 26 [JJeI/"itHII: and !letl(JH ~~~~ g>"Jk'e 'w--.I". i. EXHIBIT E-2 '- i. $ ill ~ i. Economic George Street Park1ands Deve10p- Sch1athaus Dog Lighting Downstream Deposit Patrolmen's ment Memorial Control (Exhibit E-4) Drainage Trust Uniforms Fund Fund Program $ $ $ $ $259,509.92 $ $ 19,638.93 14,993.30 13,400.00 2,242.00 34,275.00 62.82 1,149.77 1,308.34 1.06 $19,701. 75 $ 16,143.07 $14,708.34 $ $259,509.92 $34,276.06 $2,242.00 $ $ $ $ $ $ $ 8, 77 5 . 00 272,725.78 34,250.00 15,320.74 47,052.85 $15,320.74 $ 55,827.85 $ $ $272,725.78 $34,250.00 .. Ii .. .. t ~ .. ~ .. ~ L. L L. $ 4,381.01 $(39,684.78) $14,708.34 $ $(13,215.86) $ 26.06 $2,242.00 ~ .. 117.10 53,849.69 16,987.04 19.20 13,215.86 L $ 4,498.11 $ 14,164.91 $31,695.38 $19.20 $ -0- $ 26.06 $2,242.00 ~ .. L ~ i. 1. ~ L 27 fJJell~?"ine' oml gt'{IM<f' r&,.t~ ~.lke deMW'....o .. TOWN OF WAPPINGER SPECIAL REVENUE FUND STREET LIGHTING STATEMENT OF REVENUE AND EXPENDITIJRES AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1978 Total Hughsonvi11e REVENUE: Benefit Assessments $19,638.93 Interest and Earnings 62.82 $13,638.33 42.63 TOTAL REVENUE $19,701.75 $13,680.96 EXPENDITURES: Contractual Expenses 15,320.74 10,667.87 EXCESS (Deficiency) OF REVENUE OVER EXPENDITIJRES $ 4,381.01 $ 3,013.09 FUND BALANCE - January 1, 1978 117.10 51. 90 FUND BALANCE - December 31, 1978 $ 4,498.11 $ 3,064.99 $128.09 28 [JJeilej",n" ami !letlt,_ l't'HIf;..t 9>-'I,e .#___....4 Cameli J J :t J j I I j J ~ J J ,t . j j I j i , i I , EXHIBIT E-3 Chelsea $5,525.16 17.88 $5,543.04 4 ,288. 11 $1,254.93 50.10 $1,305.03 $415.44 2.31 $477.75 364.. 76 $112.99 15.10 III '- .. TOWN OF WAPPINGER CAPITAL PROJECTS FUND BALANCE SHEET DECEMBER 31, 1978 ~ lit ~ II. ASSETS ~' .. CASH IN BANK .. ~. II. i .. LIABILITIES AND FUND BALANCE L Accounts Payable Retained Percentages, Contracts Payable Due to Other Funds TOTAL LIABILITIES L FUND BALANCE (Exhibit F-2) L L TOTAL LIABILITIES AND FUND BALANCE ~ L "t II. L L L. , L i. 29 L fJJe&?"int' ontl .gedflll" ,..t"wI~ g;.I&'e .#~,,~ EXHIBIT F-1 $521,952.43 $ 32, 717.69 14,721. 99 170,909.52 $218,349.20 303,603.23 $521,952.43 EXHIBIT F-2 TOWN OF WAPPINGER CAPITAL PROJECTS FUND STATEMENT OF CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1978 Fund Fund Balance Balance January 1, Revenue Expenditures December 31, 1978 (Exhibit F-3) 1978 Storm Sewer Project $ 11,233.56 $ 572.18 $ $ 11,805.74 Sewer Improvement Area 111 100,982.79 100,982.79 Highway Equipment 649.75 33.12 682.87 Central Wappinger Water District (24,398.32) 24,398.32 Drainage Construction Project 96,797.52 4,045.21 100,842.73 Town Building and Land Project 138,241. 24 15,696.74 153,937.98 Wappinger Park Drainage Project (17,117.92) (17,117.92) Sewer Improvement Area 112 (24,400.00) 5,415.56 33,133.25 (52,117.69) Sewer Improvement Area 113 (5,000.00) (5,000.00) Mid Point Park and Hunter Drainage 259,118.33 150,869.31 108,249.02 Kent Road Drainage Project 47,052.85 49,332.35 (2,279.50) Vehicle Replacement Fund- General Fund, Townwide 2,600.00 2,600.00 Vehicle Replacement Fund- Town Outside Village 2,000.00 2,000.00 TOTAL $276,988.62 $360,932.31 $334,317.70 $303,603.23 30 fJJeIIe,"ine' om/ .getlflllf' ~~ fi'.lte .#--t....tl j J J j j j ~ I,,' ": j J , ) J t j j . :I ~ ,j . I f t J .. .. .. TffiVN OF WAPPINGER CAPITAL PROJECTS FUND STATEMENT OF REVENUE AND EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 1978 , lit t2 * ill ~ K ill. REVENUE: Transfers from Other Funds Interest and Earnings .. TOTAL REVENUE ! ~ .. EXPENDITURES: Transfers to Other Funds Capital Projects ~. lilt TOTAL EXPENDITURES if< k III EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES L. ~ II. ~ L. ~ . L i ... L. L 1. ~~ ... L. 31 i ill fJJelk;?I<Ht' a Rd Yed{11'f' (6~~ 9>~l: sl'<<-,~ EXHIBIT F-3 $333,251.17 27,681.14 $360,932.31 $108,284.49 226,033.21 $334,317.70 $ 26,614.61 CASH IN BANK (Exhibit G-2) TOTAL ASSETS Payroll Withholding Payable Road Bonds Returnable Due Wappinger Engineer Due to Other Funds TOTAL LIABILITIES TOWN OF WAPPINGER TRUST AND AGENCY FUND BALANCE SHEET DECEMBER 31, 1978 ASSETS LIABILITIES 32 g; elk?""",; a nel YtYINtf' "'~~;.a- g;.lte $ea:wN..,.B EXHIBIT G-1 j J J J j j I I , j , ;f j j ~ .j I j ~ , j ~ ~ $23,941. 55 $23,941. 55 $ 8,660.91 5,057.26 8,055.55 2,167.83 $23,941. 55 ill '- .. TOWN OF WAPPINGER TRUST AND AGENCY FUND STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN ASSETS FOR THE YEAR ENDED DECEMBER 31, 1978 .. .. .. REVENUE: Real Property Taxes School District Taxes Water and Sewer Rents Penalties and Interest on Delinquent Real Property Taxes Petty Cash Advance Tax Collection Fee - School District Taxes Miscellaneous Consolidated Payroll Employees Retirement New York State Income Tax Federal Income Tax Income Executions Social Security Taxes Street Opening Deposits Sub-Division Inspection Fees Private Inspection Fees Fire District Taxes .. t .. Il .. .~ ~ .. i. ~ II. I .. TOTAL REVENUE (FORWARDED) I. L L. 1 ill. ~ ... i .. it \ lit 33 g;e/t..?"ini 0/1(1 !led01<l' r~ g;"I"e .#~a..6 .. EXHIBIT G-2 $3,637,513.96 4,295,367.06 344,410.13 13,827.14 375.00 1,500.00 1,072.34 517,044.89 1,883.54 19,249.69 60,611. 84 865.20 60,901. 37 2,626.40 1,168.24 50.00 221,284.25 $9,179,751.05 TOWN OF WAPPINGER TRUST AND AGENCY FUND STATEMENT OF REVENUE AND EXPENDITURES AND CHANGES IN ASSETS FOR THE YEAR ENDED DECEMBER 31, 1978 TOTAL REVENUE (FORWARDED) EXPENDITURES: Real Property Taxes School District Taxes Water and Sewer Rents Penalties and Interest on Delinquent Real Property Taxes Petty Cash Returned Tax Collection Fees - School District Taxes Miscellaneous Consolidated Payroll Employees Retirement New York State Income Tax Federal Income Tax Income Executions Social Security Taxes Street Opening Deposits Drainage Funds Fire District Taxes TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES TOTAL ASSETS - JANUARY 1, 1978 TOTAL ASSETS - DECEMBER 31, 1978 34 &elkJJ<e,u u m! Yntfw' (t5~,.I'Iieel fJl.I;',. ,VJ:ctKHtItueIJ EXHIBIT G-2 (Continued) I j j .I j I I I j j :A II j - ~ j I t ~ . .. ~ ~ J $9,179,751.05 $3,637,513.96 4,295,367.06 344,410.13 13,827.14 375.00 1t500.00 976.19 517t044.89 1t783.06 19t249.69 60,611.84 865.20 59,352.19 8,025.75 2,000.00 221,284.25 $9,184t186.35 $ (4,435.30) 28t376.85 $ 23,941.55 .. 'Ii;' lilt .. TOWN OF WAPPINGER STATEMENT OF GENERAL FIXED ASSETS DECEMBER 31, 1978 8,' Ii. lit GENERAL FIXED ASSETS: Land Recreation Land Buildings Improvements Other than Buildings Machinery and Equipment Work in Process - Sewer Improvements Area #2 Work in Process - Sewer Improvements Area #3 .. ... II TOTAL GENERAL FIXED ASSETS L INVESTMENT IN GENERAL FIXED ASSETS FROM: General Obligation Bonds Special Revenue Funds General Fund Revenues Gifts i]:; .. ~' II TOTAL INVESTMENT IN GENERAL FIXED ASSETS ~: II. ~ .. .. ?J: .. t .. La ~ II. ~. i. ~ .. u i. 35 .. YJeIt;?Jltl/t tl 1/(1 Y;.r!tJ!<f' '(;;..11'''/ ,o/.lt" ,9kc<<Hlla";" EXH1BIT H-1 $ 165,234.54 575,787.05 121,224.31 1,852,497.98 126,971. 23 205,646.67 5,000.00 $3,052,361. 78 1,681,767.04 430,418.14 207,396.85 732,779.75 $3,052,361. 78 TOWN OF WAPPINGER DEBT SERVICE FUND BALANCE SHEET DECEMBER 31, 1978 ASSETS Provision to be Made in Future Budgets for Capital Indebtedness Less: Interest Payable to Maturity on Bonds TOTAL ASSETS LIABILITIES Serial Bonds Payable Capital Notes Payable TOTAL LIABILITIES 36 /~/kJJltl/t al/(l ._Y'n/'w' rf;;,lrjred /.)ZIIr,. ,Oi'Uwnlrr"h EXHIBIT I-I . I j ,I . J J J J J J J J J ,. I j J ~ ~ j ;J . ~ j J $3,022,814.36 1,158,214.36 $1,864,600.00 $1,852,000.00 12,600.00 $1,864,600.00 III EXHIBIT 1-2 .. ... TOWN OF WAPPINGER DEBT SERVICE FUND STATEMENT OF REVENUE AND EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 1978 ill .. .. REVENUE: Transfers from Other Funds: General Fund - Town Outside Village General Fund - Highway Capital Projects Fund $148,163.11 11,495.00 7,301.70 $166,959.81 .. .. Obligations Issued: Serial Bonds Capital Notes i. TOTAL REVENUE $239,400.00 12,600.00 252,000.00 $418,959.81 .. L. EXPENDITURES: Obligations Paid: Serial Bonds - Principal Serial Bonds - Interest Transfer to Capital Projects Fund $72,800.00 94,159.81 $166,959.81 252,000.00 III TOTAL EXPENDITURES $418,959.81 .. EXCESS (Deficiency) OF REVENUE OVER EXPENDITURES $ -0- it .. .. t IlIIl ... 1. .. L 37 #eIIeJJCtllt' D m! Y;.a't'Jlf' <(;;";'1;''''' ~,/'c .ffic_n/<<n/J .. I j .I J J J j J J J . J J J J J , J J J J i J