The URL can be used to link to this page

1976-12-31 III '- ... .. .. OJ;, ... TOWN OF WAPPINGER it. A UD IT REPORT .. DECEMBER 31, 1976 '4: ... March 31, 1977 .. .. ... RECEIVED APR 1 2 1977 ELAINE H. SNOWDEN i. i. I. i. 1. L I. ~. ill 1. ....". , fJJe&pini tMld !/etkee ~ UJ~ ..~ . Jh.~ J ~ J J J . J ,4 II j j J ~ . I J ~ it I J ~ ~ J ~ I ... .. .. Ii. .. .. Auditors' Report COMMENTS L. EXHIBIT A-l ... EXHIBIT A-2 .. EXHIBIT B-1 EXHIBIT B-2 .. EXHIBIT B-3 ... EXHIBIT C-l .. EXHIBIT C-2 .. ,a.. EXHIBIT C-3 EXHIBIT c-4 1. EXHIBIT C-5 EXHIBIT c-6 ~ L EXHIBIT D-l EXHIBIT D-2 L. i. EXHIBIT D-3 EXHIBIT E-l .. EXHIBIT E-2 .. ~. .. ... TOWN OF WAPPINGER TABLE OF CONTENTS DECEMBER 31, 1976 Balance Sheet - All Funds Statement of Revenue, Expenditures and Changes in Fund Balance - All Funds Balance Sheet - General Fund Statement of Revenue, Expenditures and Changes in Fund Balance - General Fund Statement of Revenue, Expenditures and Changes in Fund Balance - General Fund - Highway Balance Sheet - Enterprise Fund Statement of Revenue, Expenditures and Changes in Fund Balance - Enterprise Fund Balance Sheet - Enterprise Fund - Sewer Districts Statement of Revenue, Expenditures and Changes in Fund Balance - Enterprise Fund - Sewer Districts Balance Sheet - Enterprise Fund - Water Districts Statement of Revenue, Expenditures and Changes in Fund Balance Enterprise Fund - Water Districts Balance Sheet - Special Revenue Fund Statement of Revenue, Expenditures and Changes in Fund Balance - Special Revenue Fund Statement of Revenue, Expenditures and Changes in Fund Balance - Special Revenue Fund - Street Lighting Balance Sheet - Capital Projects Fund Statement of Revenue, Expenditures and Changes in Fund Balance - Capital Projects Fund [J>'&?ltini and YedON ~ g;"'k ~~ ........;$ EXHIBIT F-l Balance Sheet - Trust and Agency Fund EXHIBIT F-2 Statement of Revenue, Expenditures and Changes in Assets - Trust and Agency Fund EXHIBIT G Statement of General Fixed Assets EXHIBIT H Statement of General Long Term Debt fJJelb?l'ini o"d Yej~ ~ g>"Ik .W'-taJs J J ~ j . J A J J ~ j I ~ J J J I ~ J ~ .- ~ J a ~ ill lilt ... (!J+nt' and y~ ~Ml~ ~allic ~ EXECUTIVE PARK - ONE OVER OCKER ROAD POUGHKEEPSIE, NEW YORK 12803 ... ~ 914-452-9090 ~ .. March 31, 1977 .. i. Mr. Louis D. Diehl, Supervisor Members of the Town Board Town of Wappinger Wappingers Falls, New York 12590 k .. Gentlemen: a. We have examined the balance sheets of the various funds of the Town of Wappinger, New York, as of December 31, 1976, and the related statements of operations 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. .. L. In our opinion, the accompanying balance sheets and related statements of operations present fairly the financial position of the various funds and balanced account groups for the Town of Wappinger, New York, at December 31, 1976, and the results of their operations for the year then ended, in con- formity with generally accepted accounting principles applicable to govern- mental entities, applied on a basis consistent with that of the preceding Fiscal Year. ~ .. .. L Respectfully submitted, PELLEGRINI AND SEDORE, C. p. A.s i. tlJ7W /dik jIz. James L. Sedore, Jr, Certified Public Accountant .. L. ffiP: fs Enc: Statements .~ .. L. L L. TOWN OF WAPPDfGER COMMENTS FOR THE YEAR ENDED DECEMBER 31, 1976 1. Accounting System and Reports: During the year under review, the Town changed ~ ts method of accounting from the cash basis, single entry system to a modified accrual basis using a double entry system and a general ledger. Under this method, expenditures, other than accrued interest on general long-term debt, are recorded at the time liabilities are incurred and revenues are recorded when received in cash, except for material or available revenues which should be accrued to reflect properly the revenues earned. It is further planned, during 1977, to establish an internal financial reporting system to enable the Town's management personnel and the Town Board to evaluate the effectiveness of the Town's financial condition throughout the year and monitor the budgeting process. 2. General Fixed Assets: General fixed assets purchased are recorded as expenditures in all but the enterprise fund, at time of purchase. Such assets are capitalized at cost in the general fixed asset group of accounts. Gifts or contributions are recorded in general fixed assets at fair market value at the time received. No depreciation has been provided on general fixed assets. 3. Compensation for Personnel: During the year under review, various individuals have been paid after submission of a voucher for personal services. In the absence of a contrac- tual arrangement between the Town and the supplier of personal services, the Town must comply with the provisions of the United States Internal Revenue Code, Tax Law and Social and Retirement Law. (JJ.&f""u' aMi !/~ ~ f:1'~ ~ ...t_6 J ~ J j ~ j J J j ~ j ~ ~ J ~ J ~ ~ J J ~ i I .. .. lilt 4. Internal Controls: 5; ... During the year under review, internal controls were found adequate for the purpose of exercising effective accounting control over assets, liabilities, revenues, and expenditures, except as follows: ... A. Supervisor's Signature stamps and the Check Writing Machine: .. At present, there are no office procedures or policies regulating both the number and the use of these items. It is recommended that definite office procedures be established to minimize the potential for misuse. ... B. Receiver of Taxes: .. During the year under review, the accounting records as maintained were found to be inadequate to properly exercise the fiduciary responsibilities inherent in the office. Although no discrepancies were noted, it is strongly recommended that a proper system of recording and reporting be established. .. ... I. i. .. .. .. .. J ... i. .. .. 'i t.. ~ fiJ""rM'" aM ged~ ~ fJ'~ ~ ...&.. TOWN OF WAPPINGER ALL FUNDS BALANCE SHEET DECEMBER 31, 1976 ASSETS CURRENT ASSETS Cash in Bank and on Hand Accounts Receivable TOTAL CURRENT ASSETS FIXED ASSETS General Fixed Assets utility Plants in Service TOTAL FIXED ASSETS TOTAL ASSETS $ 805,543.45 37,433.57 $ 2,363,512.47 11,950,460.46 LIABILITIES, RESERVES MID FUND BALANCE CURRENT LIABILITIES Accounts Payable $ Retained Percentages, Contracts Payable Road Bonds Returnable Serial Bonds Payable - Current Portion Bond Anticipation Notes Payable - Current Portion TOTAL CURRENT LIABILITIES LONG TERM LIABILITIES Serial Bonds Payable Bond Anticipation Notes Payable TOTAL LONG TERM LIABILITIES TOTAL LIABILITIES RESERVES Reserve for Encumbrances Reserve for Bonded Debt TOTAL RESERVES TOTAL LIABILITIES MID RESERVES FUND BALANCE (Exhibit A-2) TOTAL LIABILITIES, RESERVES MID FUND BALANCE 40,365.68 238,344.48 9,052.65 92,000.00 273,700.00 $ 2,329,000.00 5,986,300.00 $ 11,289.82 16,331. 28 gJ~. anti !7~ ~ g>J&, ~~ rrrI~nrA EXHIBIT A-I j J ~ ~ I II J J J ~ J t M J J J J ~ j j J , ~ $ 842,977.02 14,313,972.93 ~15,156,949.95 $ 653,462.81 8,315,300.00 $ 8,968,762.81 27 ,621.10 $ 8,996,383.91 6,160,566.04 ~15,156,949.95 III .. lit TOWN OF WAPPlNGER STATEMENT OF REVENUE, EXPENDITURES AND CIIANJ.ES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1976 III ... REVENUE: Real Property Taxes Sewer and Water Charges Penalties and Interest on Delinquent Taxes and Charges Intergovernmental Revenue Interest Earned Other Revenue $1,349,239.95 298,817.59 16,652.78 495,854.56 63,475.52 106,920.05 j., ... TOTAL REVENUE III v .. EXPENDITURES : Personal Services Contractual Expenses Equipment Debt Service - Interest Employee Benefits $ 571,589.33 770,497.96 14,364.34 479,820.45 130,488.82 j .. L. TOTAL EXPEND ITURES EXCESS (deficiency) OF REVENUE OVER EXPENDITURES L. OTHER CHAm ES IN FUND BALANCE: Appropriation to Reserve for Bonded Debt lit .. FUND BALANCE - January 1, 1976 FUND BALANCE - December 31, 1976 .. \ ~, .. .. t ill i .. ... f 4 ... r; ~ fJJe&?It",'; and ~dOl<l' CC~ q;"I&e J#'~ EXHIBIT A-2 $2,330,960.45 1,966,760.90 $ 364,199.55 (16,331.28) 5,812,697.77 ~6 , 160, 566 . 04 RESERVES : Encumbrances Bonded Debt 11,244.72 8,222.75 16,331. 28 245,219.40 122,125.84 1,702.50 16,331. 28 60,674.28 1,319.47 J J J ~ J J J ~ j ~ ~ ~ J J"' c:' j ~ J J J J ~ EXHIBIT B-1 TOWN OF WAPPINGER GENERAL FUND BALANCE SHEET DECEMBER 31, 1976 ASSETS Town Outside Total Townwide Village Highway Cash in Bank and on Hand $214,961.34 $ 98,176.88 $ 42,375.86 $ 74,408.60 Accounts Receivable 3,512.00 3,512.00 Due from Other Funds 74,609.37 36,380.40 38 ,091. 71 137.26 TOTAL ASSETS lP293,082.71 $138,069.28 $ 80,467.57 $ 74,545.86 Accounts Payable LIABILITIES, RESERVES AND FUND BALANCE $ 20,287.31 $ 7,720.69 $ 1,759.51 $ 10,807.11 FUND BALANCE (Exhibit B-2) 62,419.28 TOTAL LIABILITIES, RESERVES AND FUND BALANCE ~293,082.71 $138,069.28 $ 80,467.57 $ 74,545.86 [JJe&r'; and !ldOH ~ fJ'ullie d._1tut/6 J .. .. .. lilt .. .. .. ... ij; % ill t .. ~ ~ .. .. l. .. L. t. ill ~ .. L. t t .. L ~ .. EXIITBIT B-2 TOWN OF WAPPINGER GENERAL FUND STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1976 Town Outside Total Townwide Village Highway - REVENUE : Real Property Taxes $ 862,318.00 $272,835.00 $117,191. 00 $472,292.00 Penalties and Interest on Delinquent Real Property Taxes 14,487.99 14,487.99 Services for Other Gov- ernments 1,967.54 1,967.54 Intergovernmental Revenue 340,076.31 151,809.57 182,733.99 5,532.75 Licenses and Permits 3,800.10 3,800.10 Charges for Services 36,640.84 18,669.51 17,971.33 Fines and Forfeitures 16,931.60 16,931.60 Unused Capital Fund Author- izations Financed by Obligations 15,000.00 5,000.00 10,000.00 Interest Earned 25,667.68 9,128.06 4,073.09 12,466.53 Miscellaneous 1,783.69 475.40 554.79 753.50 TOTAL REVENUE .$1,318,673.75 $493,137.23 $332,524.20 $493,012.32 EXPENDITURES: Personal Services Equipment Contractual Expenses Debt Service - Principal Debt Service - Interest Employee Benefits $ 469,291.46 $222,689.35 $ 50,569.02 $196,033.09 22,158.34 14,280.43 614.45 7,263.46 543,320.72 212,107.60 68,530.67 262,682.45 107,148.85 15,000.00 81,148.85 11,000.00 98 ,470.00 610.00 96,375.00 1,485.00 130,488.82 54,515.94 57 ,010.13 18,962.75 .$1,370,878.19 $519,203.32 $354,248.12 $497,426.75 TOTAL EXPENDITURES EXCESS (deficiency) OF REVENUE OVER EXPENDITURES $ (52,204.44) $(26,066.09) $(21,723.92) $ (4,414.43) FUND BALANCE - January 1, 1976 297,423.84 148,191.93 82,398.20 66,833.71 FUND BALANCE - December 31, 1976 ~ 245,219.40 $122,125.84 $ 60,674.28 $ 62,419.28 g; elk?",;",; and !J:r.Iol't' ~ g>"It'c .~..A TOWN OF WAPPINGER GENERAL FUND HIGHWAY STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1976 Total REVENUE: Real Property Taxes Services for Other Governments State Aid Insurance Recoveries Interest Earned $472,292.00 1,967.54 5,532.75 753.50 12,466.53 ~493,012.32 TOTAL REVENUE EXPENDITURES: Personal Services Equipment Contractual Expenses Debt Service - Principal Debt Service - Interest Employee Benefits $196,033.09 7,263.46 262,682.45 11,000.00 1,485.00 18,962.75 ~497,426.75 TOTAL EXPENDITURES EXCESS (deficiency) OF REVENUE OVER EXPENDITURES $ (4,414.43) 66,833.71 $ 62,419.28 FUND BALANCE - January 1, 1976 FUND BALANCE - December 31, 1976 fY>e&,,.;,,,; and 5I'ed~ ~""'~ fJ'~e .9k _'-13 EXHIBIT B-3 ~ J A . j J J J ~I .. ~ ~ J ~ J i .- j J ,l/I . ~ ~ j d j III - - .. .. .. Repairs and Improvements ill $362,605.00 5,532.75 475.00 4,604.39 ~373,217.14 .. lilt 1 ... $163,805.03 200,670.27 i .. ',: ~ lilt 14,343.75 ~378,819.05 f .. $ (5,601.91) 25,604.45 ~ 20,002.54 t .. * .. III ~, .. L ~ ... ... " ... t .. EXHIBIT B-3 Bridges Snow and Machinery Miscellaneous $49,610.00 $56,227.00 1,967.54 278.50 2,412.22 5,254.30 ~52,300.72 ~63,448.84 $ 3,386.00 $27,842.06 7,263.46 23,084.55 36,122.63 11,000.00 1,485 . 00 1,787.50 2,636.50 ~48,006.51 ~66,601.19 $ 4,294.21 $(3,152.35) 8,072.37 33,002.79 .$12 , 366 . 58 ~29,850.44 $3,850.00 195.62 ~4,045.62 $1,000.00 2,805.00 195.00 ~4,ooo.00 $ 45.62 154.10 ~ 199.72 g>-"'~i and !/~ ~ g;~ ~ 1n'-6 EXHIBIT C-l j J j j J J J J J j j J ~ ;I iI d TOWN OF WAPPINGER ENTERPRISE FUND BALANCE SHEET DECEMBER 31, 1976 ASSETS TOTAL SEWER WATER CURRENT ASSETS Cash in Bank $ 89,312.40 $ 72,233.84 $ 17,078.56 Accounts Receivable 25,015.07 14,581. 92 10,433.15 Due From Other Funds 3,534.19 3,534.19 TOTAL CURRENT ASSETS $ 117,861.66 $ 86,815.76 $ 31,045.90 Utility Plant in Service 11,950,460.46 8,412,258.97 3,538,201.49 TOTAL ASSETS $12,068,322.12 $8,499,074.73 $3,569,247.39 LIABILITIES, RESERVES AND FUND BALANCE LIABILITIES Due to Other Funds $ 41,483.29 $ 20,284.19 $ 21,199.10 Bond Anticipation Notes Payable 5,820,000.00 3,065,000.00 2,755,000.00 Serial Bonds Payable 1,076,800.00 609,800.00 467,000.00 TOTAL LIABILITIES $ 6,938,283.29 $3,695,084.19 $3,243,199.10 RESERVE FOR ENCUMBRANCES 45.10 15.10 30.00 FUND BALANCE (EXHIBIT C-2) 5,129,993.73 4,803,975.44 326,018.29 TOTAL LIABILITIES, RESERVES AND FUND BALANCE ~12,068,322.12 ~8,499,074.73 ~3,569,247.39 J fJJ~' anrI :J:do- ~ 9.1k ~ ..t.r,," ~ d ~ J j J III .. - lilt .. .. il. .. ~; e tilt ; .. i .. if ;} .. ~ .. ~ i. t .. .. .. .~ III , .. . ~ " ~;- ... I II. EXHIBIT C-2 TOWN OF WAPPINGER ENTERPRISE FUND STATEMENT OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, i976 TOTAL SEWER WATER REVENUE: Sewer and Water Charges $ 288,887.59 $ 169,306.01 $ 119,581. 58 Penalties and Interest on Delinquent Charges 2,164.79 1,225.08 939.71 Hook-Up Fees 9,930.00 7,555.00 2,375.00 Interest Earned 6,239.85 5,266.39 973.46 State Aid 20,059.71 20,059.71 TOTAL REVENUE $ 327,281.94 $ 203,412.19 $ 123,869.75 EXPENDITURES Personal Services $ 99,334.00 $ 58,417.30 $ 40,916.70 Contractual Expenses 177,540.17 109,010.37 68,529.80 Debt Service - Interest 373,572.53 198,921.72 174,650.81 TOTAL EXPENDITURES $ 650,446.70 $ 366,349.39 $ 284,097.31 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES $ (323,164.76) $ (162,937.20) $ (160,227.56) OTHER CHANGES IN FUND BALANCE: Transfer From/To Capital Projects Fund $ 8,564.58 $ (60,422.04) $ 68,986.62 Additions to Utility Plant By Capital Project Fund 274,475.96 222,736.08 51,739.88 FUND BALANCE - January 1, 1976 5,170,117.95 4,804.598.60 365,519.35 FUND BALANCE - December 31, 1976 $5,129,993.73 $4,803,975.44 $ 326,018.29 fJJ~. and Yed~ ~ fJ'~ d- ...1_. EXHIBIT C- 3 TOWN OF WAPPINGER ENTERPRISE FUND SEWER DISTRICTS BALANCE SHEET DECEMBER 31, 1976 ASSE'I'S Mid Fbint Total Park $ 72,233.84 $ 5,084.72 14 , 581. 92 2,075.70 $ 86,815.76 $ 7,160.42 8,412,258.97 712,574.76 ~8,499,074.73 ~719,735.18 CURRENT ASSETS Cash in Bank Accounts Receivable TOTAL CURRENT ASSETS utility Plant in Service TOTAL ASSETS LIABILITIES. RESERVES AND FUND BALANCE LIABILITIES Due to Other Funds Bond Anticipation Notes Payable Serial Bonds Payable $ 20,284.19 3,065,000.00 609,800.00 $3,695,084.19 $ $ TOTAL LIABILITIES Reserve for Encumbrances 15.10 4,803,975.44 719,735.18 FUND BALANCE (Exhibit C-5) TOTAL LIABILITIES, RESERVES, AND FUND BALANCE ~8,499,074. 73 ~719,735.18 (J>e&ruu" and Y;jON ~ g>"u. ~ ...1'...4 ~ . J j ~ J J J j j j j j ~ .. "j .. I J j ~ J i ~ J .. EXHIBIT C-3 .. .. .. .. .. .. Wappinger Sewer Fleetwood Rockingham Wildwood Improvement #1 $ (1,676.65) $ 28,010.47 $ 41,626.23 $ (810.93) 2,143.44 5,674.91 3,052.50 1,635.37 $ 466.79 $ 33,685.38 $ 44,678.73 $ 824.44 151,271.35 2,966,432.69 366,594.60 4,215,385.57 ~151,738.14 ~3,OOO,118.07 $411,273.33 ~4,216,210.01 .. .. .. I ill $ 9,284.19 89,200.00 .. $ 98,484.19 53,253.95 $ $ $ 11,000.00 400,000.00 2,665,000.00 520,600.00 $ $400,000.00 $3,196,600.00 10.10 5.00 3,000,107 .97 11,273.33 1,019,605.01 ~3,000,118.07 ~411,273.33 ~4,216,210.01 <: .. .. .. ~151,738.14 .. .. ~ .. 1;, ,', lit $ .. lilt L EP.&",-.. tuUi !Xd{)N ~ fiJ",," d .JI~"A EXHIBIT C-4 TOWN OF WAPPINGER ENTERPRISE FUND SEWER DISTRICTS STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1976 REVENUE : Sewer Service Charges Penalties and Interest on Delinquent Sewer Charges Hook-up Fees Interest Earned State Aid Mid R:>int Total Park $ 169,306.01 $ 23,273.00 1,225.08 185.00 7,555.00 5,266.39 360.67 20,059.71 $ 203,412.19 $ 23,818.67 $ 58,417.30 $ 8,447.40 109,010.37 16,218.95 198,921.72 $ 366,349.39 $ 24,666.35 $ (162,937.20) $ (847.68) TOTAL REVENUE EXPENDITURES : Personal Services Contractual Expenses Debt Service - Interest TOTAL EXPENDITURES EXCESS (deficiency) OF REVENUE OVER EXPENDITURES OTHER CHAl'lGES IN FUND BALANCE: Transfer from/to Capital Project Fund Additions to Utility Plant by Capital Project Fund (60,422.04) 222,736.08 FUND BALANCE - January 1, 1976 FUND BALANCE - December 31, 1976 ~4,804,598.60 ~4,803,975.44 ~720,582.86 ~719,735.18 [JJe&".u.'; and !I~~ ~ [f>~ ~ .,,&r../fI ~ :.- ~ ~ ~ j J J,,: } J ~ . ~ I , ~ - - J ~ J , 3 j ~ .. EXHIBIT c-4 - .. .. .. III Wappinger Sewer Fleetwood Rockingha.m Wildwood Improvement #1 $15,878.29 $ 65,210.81 $47,552.40 $ 17,391.51 90.11 561. 68 271. 95 116.34 2,065.00 5,490.00 84.45 3,203.36 1,519.14 98.77 16,167.05 3,892.66 $16,052.85 $ 87,207.90 $49,343.49 $ 26,989.28 $ 7,062.42 $ 28,525.60 $10,382.25 $ 3,999.63 10,197.88 37,438.52 15,317.54 29,837.48 5,028.64 1,047.08 24,360.00 168,486.00 $22,288.94 $ 67 ,011.20 $50,059.79 ~ 202,323.11 $(6,236.09) $ 20,196.70 $ (716.30) $ (175,333.83) till .. "" r .. i: .. 1. L .. ~ ... $ 8,406.24 207.51 (69,035.79) 222,736.08 ~51,083.80 ~2,979,703.76 ~11,9B9.63 ~1,041,238.55 ~53,253.95 ~3,OOO,107 .97 ~11,273.33 ~1,019,605.01 t .. w i.. ~ ... 1 .. ~ it. l ~ l [J'dJ,rM" and .9'N/ON ~ f#J.I5e .#-t~ L TOWN OF WAPPINGER ENTERPRISE FUND WATER DISTRICTS BALANCE SHEET DECEMBER 31, 1976 Total ASSETS CURRENT ASSETS Cash in Bank Accounts Receivable Due from Other Funds $ 17,078.56 10,433.15 3,534.19 $ 31,045.90 3,538,201.49 ~3,569,247.39 TOTAL CURRENT ASSETS utility Plant in Service TOTAL ASSETS LIABILITIES, RESERVES AND FUND BALANCE LIABILITIES Due to Other Funds Bond Anticipation Notes Payable Serial Bonds Payable $ 21,199.10 2,755,000.00 467,000.00 $3,243,199.10 30.00 326,018.29 TOTAL LIABILITIES Reserve for Encumbrances FUND BALANCE (Exhibit C-7) TOTAL LIABILITIES, RESERVES AND FUND BALANCE ~3,569,247.39 g>eIk~' and !/~()Ief' ~ fj'"I/u, .91.-1..4 EXHIBIT C-5 it I J j j j ! J J I f i j ,I . j . ~ j ~ ~ j I I I EXHIBIT C-5 .. .. III .. Oakwood Fleetwood Tall Trees Central Wappinger .. .. .. $ 2,249.48 $ 1,709.48 $ 7,069.57 $ 6,050.03 1,749.00 1,363.02 1,139.60 6,181. 53 3,534.19 $ 3,998.48 $ 6,606.69 $ 8,209.17 $ 12,231. 56 45 ,411.12 96,212.86 61,210.46 3,335,367.05 j49,409.60 j102,819.55 j69,419.63 ~3,347,598.61 .... .~: lit ... .. { I lit $ 4,868.83 32,400.00 $37,268.83 $ 3,750.00 56,600.00 $ 60,350.00 $ 65,000.00 .. 12,140.77 42,469.55 4,419.63 $ 12,580.27 2,690,000.00 378,000.00 $3,080,580.27 30.00 266,988.34 ~. ... $65,000.00 ... ~49,409.60 j102,819.55 ~69,419.63 j3,347,598.61 ir Ii. .. ~ .. ... Ii S i. ~ ... fJJelkri and !ldON' CC~ g;~ ..~ .,,~orA \. TOWN OF WAPPINGER ENTERPRISE FUND WATER DISTRICTS STATEMENTS OF REVENUE, EXPEND ITURES AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1976 REVENUE : Metered Water Sales Penalties & Interest on Delinquent Water Charges Hook-up Fees Interest Earned TOTAL REVENUE EXPENDITURES : Personal Services Contractual Expenses Debt Service - Interest TOTAL EXPENDITURES EXCESS (defi ci ency) OF REVENUE OVER EXPENDITURES OTHER CHANGES IN FUND BALANCE: Transfer from Capital Project Fund Additions to Utili~y Plant by Capital Project Fund FUND BALANCE - January 1, 1976 FUND BALANCE - December 31, 1976 [J'Jk?,.;,u' and !/etke, ~ f#J"Ik .#-.1..6 EXHIBIT c-6 d . ~ ~ ~ J J J j ~ ~ t j j J j j ~ ~ J j J ~ Total $119,581.58 939.71 2,375.00 973.46 .$123,869.75 $ 40,916.70 68,529.80 174,650.81 .1>284,097.31 $(160,227.56 ) 68,986.62 51,739.88 365,519.35 .1>326,018.29 ill EXHIBIT c-6 .. ... ... 'li III Oakwood Central Fleetwood Tall Trees Wappinger $10,064.01 $11,322.00 $88,556.57 54.91 177.60 621.07 2,375.00 97 . 05 364.85 385.61 Jl0,215.97 Jll,864.45 ~91,938.25 $ 2,497.01 $ 2,949.14 $34,007.79 6,638.79 5,525.09 50,152.71 2,880.00 4,000.00 166 , 021. 01 ~12,015.80 .$12,474.23 ~250,181.51 $(1,799.83) $ (609.78) $(158,243.26) 5,073.35 61,033.27 51,739.88 39,196.03 5,029.41 312,458.45 ~42,469.55 ~ 4,419.63 $266,988.34 ... ill $ 9,639.00 86.13 125.95 ~ 9,851.08 . ill ... ~ '- $ 1,462.76 6,213.21 1,749.80 J 9,425.77 t ... & $ 425.31 ill !i ill 2,880.00 Q- ill 8,835.46 ~12,140.77 ... ,$ ill l' ... 11II .. f- $ lit if- 11II fJ'elkr' oml g~ ~~..Ik ~ .",'-6 (i,% ill ASSETS Cash in Bank Due from Other Funds TOTAL ASSETS TOWN OF WAPPJlilGER SPECIAL REVENUE FUND BALANCE SHEET DECEMBER 31, 1976 Total $97,241.30 1,216.44 ~98,457.74 LIABILITIES AND FUND BALANCE Due to other Funds FUND BALANCE (Exhibit D-2) TOTAL LIABILITIES AND FUND BALANCE $ 2,963.87 95,493.87 ~98,457.74 [JJe&ri aM Y~ON ~ {IJ.I.. ~ .."AM" EXHIBIT D-l "j I - j j ~ j j J ~ , I j j . II ~ .t ~ t J j t i Federal Revenue Sharing $34,162.85 ~34,162.85 $ 2,963.87 31,198.98 ~34,162.85 .. .. .. .. .. ill iii Anti- Recession street Light ing Downstream Drainage .. .. $2,353.C?7 $44,962.46 $ 1,216.44 ~1,216.44 +, I .. $2,353.97 ~44,962. 46 ... ti ill $ $ $ 2,353.C?7 1,216.44 44,962.46 I III ~2,353.97 ~1,216.44 ~44,962.46 Ii.. .. .. ?,' i. lit .. i I. III .. {lJeI/,ruu" a#td YetIoN ~ fJ'.JG., d .II~. EXHIBIT D-1 Park Lands Deposit Trust $15,762.02 ~15,762.02 $ 15,762.02 ~15,762.02 EXHIBIT D-2 j j J I J J J J j j ~ i j J J J J J j TOWN OF WAPpmGER SPECIAL REVEmJE FUND STATEMENT OF REVENUE, EXPENDITURES AND CHAIDES m FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1976 Federal Revenue Total Sharing REVENUE : Federal Aid $133,751.00 $128,250.00 Benefit Assessments 16,595.44 Fees 48,622.60 Interest Earned 4,063.73 2,503.42 TOTAL REVENUE ~203,032.77 ~130,753.42 EXPENDITURES: Personal Services $ 2,963.87 $ 2,963.87 Capital Outlay 70,107.55 70,107.55 Contractual Expenses 49,637.07 30,663.70 TOTAL EXPENDITURES j122,708.49 j103,735.12 EXCESS (deficiency) OF REVENUE OVER EXPEND ITURES $ 80,324.28 $ 27,018.30 FUND BALANCE - January 1, 1976 15,169.59 4,180.68 FUND BALANCE - December 31, 1976 ~ 95,493.87 j 31,198.98 'I IIIi 3 J fJJe&,-.' and !/~()Ifl' ~ [JJ",~ .sa1-,~ . . EXHIBIT D-2 - . ... .. $2,353.97 Park Lands Street Downstream Deposit Lighting Drainage Trust $ $ $ 16,595.44 37,222.60 11,400.00 20.57 1,053.86 457.91 .J16,616.01 .J38,276.46 ~11,857.91 $ $ $ 15,798.37 ~15,798.37 ~ ~ $ 817.64 $38,276.46 $11,857.91 398.80 6,686.00 3,904.11 ~ 1,216.44 ~44,962.46 ~15,762.02 ... ... Anti - Recession . $5,501. 00 . 27.97 ~5,528.97 . $ ... i. 3,175.00 ~3,175.00 '.c. ... ~2,353.97 ... .. ... .. '- .. .. III g>elkr"'i and !/~ ~ [J'"Ik" ~ ...A .. EXHIBIT D-3 TOWN OF WAPPINGER SPECIAL REVENUE FUND STREET LIGHTING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE FOR THE YEAR ENDED DECEMBER 31, 1976 TOTAL HUGHSONVILLE CHELSEA CAMELI REVENUE: Benefit Assessments $16,595.44 $n,529.04 $4,687.07 $379.33 Interest Earned 20.57 13.07 6.12 1. 38 TOTAL REVENUE $16,616.01 $11,542.11 $4,693.19 $380.71 EXPENDITURES: Contractual Expenses $15,798.37 $10,970.20 $4,465.54 $362.63 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES $ 817.64 $ 571.91 $ 227.65 $ 18.08 FUND BALANCE - January 1, 1976 $ 398.80 $ 253.60 $ 118.72 $ 26.48 FUND BALANCE - December 31, 1976 $ 1,216.44 $ 825.51 $ 346.37 $ 44.56 (JJ'&rMi tMUI !/dON ~ g>"Ik .9k .,,~6 j ~ j ~ J J J J J ~ , J J J ~ ~ J ". I J j ~ . . .. .. .. .. .. - lilt lilt .. Cash in Bank Accounts Receivable Due From Other Funds TOTAL ASSETS .. III .. Payroll Withholding Payable Road Bonds Returnable Due Town of Wappinger Engineer Due to Other Funds Due to Fire Districts "; .. .. TOTAL LIABILITIES .. IIlI ... .. ... .. III TOWN OF WAPPINGER TRUST AND AGENCY FUND BALANCE SHEET DECEMBER 31, 1976 ASSETS LIABILITIES $20,227.09 8,906.50 6,819.80 $15,415.97 9,052.65 4,653.39 6,822.37 9.01 g'J,/kri and !/<<1ON ~ f?'~ ~ _&Tor' .. EXHIBIT F-l $ 35,953.39 $ 35,953.39 EXHIBIT F-2 TOWN OF WAPPINGER TRUST AND AGENCY FUND STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN ASSETS FOR THE YEAR ENDED DECEMBER 31, 1976 REVENUE: Real Property Taxes Water and Sewer Rents Fire District Taxes School District Taxes State and County Taxes Consolidated Payroll Payroll Withholding Sub-Division Inspection Fees Miscellaneous Interest Earned $1,368,404.51 278,862.44 204,208.15 4,007,815.15 1,987,636.37 352,899.83 121,652.10 14,734.62 112,917 .18 4,476.25 $8,453,606.60 TOTAL REVENUE EXPENDITURES: Tax Collections Paid to: Supervisor, Town of Wappinger School District Dutchess County Commissioner of Finance Water and Sewer Districts Consolidated Payroll Payroll Withholding Road Bonds Returned Town of Wappinger Engineer Transfer to Special Revenue Fund Miscellaneous $1,572,612.66 4,007,815.15 1,987,636.37 278,862.44 352,433.17 119,171. 31 149,324.02 15,156.19 10,590.11 112,120.11 $8,605,721.53 TOTAL EXPENDITURES EXCESS (DEFICIENCY) OF REVENUE OVER EXPENDITURES $ (152,114.93) 188,068.32 $ 35,953.39 TOTAL ASSETS - January 1, 1976 TOTAL ASSETS - December 31, 1976 {JJe&pUu" and get/ON ~ fJJ"Ik ~ IIl1t..A ;J .. :. . j I ~ J J J J J j ~ j j J J J ~ J J j ~ , iIIiIlII iIIiIlII iIIiIlII III III iIIiIlII iIIiIlII .. III .. .. ... lilt .. .. iIIiIlII iIIiIlII .. lit .. .. .. EXHIBIT G TOWN OF WAPPINGER STATEMENT OF GENERAL FIXED ASSETS DECEMBER 31, 1976 GENERAL FIXED ASSETS: Land Recreation Land Buildings Improvements other than Buildings Equipment Work in Process - Sewer Improvement Area #2 $ 31,384.54 538,529.75 105,074.31 1,413,598.22 102,412.23 172,513.42 $2,363,512.47 TOTAL GENERAL FIXED ASSETS . INVESTMENT IN GENERAL FIXED ASSETS FROM: Capital Projects Fund: General Obligation Bonds Federal Revenue Sharing General Fund Revenues Gifts $1,531,159.51 236,129.21 47,694.00 548,529.75 $2,363,512.47 TOTAL INVESTMENT IN GENERAL FIXED ASSETS [J>d/,,,.uu' and y~ ~ [J'",~ ~ _,.4 TOWN OF WAPPINGER STATEMENT OF GENERAL LONG TERM DEBT DECEMBER 31, 1916 AMOUNT TO BE PROVIDED FOR THE PAYMENT OF GENERAL LONG TERM DEBT Amounts to be Provided in Future Budgets GENERAL LONG TERM DEBT PAYABLE Serial Bonds Payable Bond Anticipation Notes Payable TOTAL GENERAL LONG TERM DEBT PAYABLE fJJe&".m" and g~ ~ (#J.Jk ~ 1;11""6 EXHIBIT H J J J J J j J J J J , J J J J J J J J j J J $1,184,200.00 $1,344,200.00 440,000.00 $1,184,200.00