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1997 L , All Numbers in This Report L. Have Been Rounded To The Nearest Dollar RECEIVED ... UPDATE DOCUMENT MAR 0 4 1998 ELAINE SNOWDEN TOWN CLERK .. ANNUAL FINANCIAL REPORT l ilia For The TOWN OF WAPPINGER ~; ~. III COUNTY OF DUTCHESS For The Fiscal Year Ended 1997 .. .. 4 ... ************************************************************************************************************************************* L AUTHORIZATION , ~ I. ARTICLE 3, SECTION 30 of the GENERAL MUNICIPAL LAW: 1. *** Every Municipal Corporation *** shall annually make a report of its financial condition to the Comptroller. Such report shall be made by the Chief Fiscal Officer of such Municipal Corporation *** t. fa L 5. All reports shall be certified by the officer making the same and shall be filed with the Comptroller within sixty days after the close of the fiscal year of such Municipal Corporation *** It shall be the duty of the incumbent officer at the time such reports are required to be filed with the Comptroller to file such report *** ~ La L ~ State of NEW YORK Office of The State Comptroller Division of Municipal Affairs Albany, New York 12236 ~- .. L ~ .. Southern Dutchess News 914 297-3723 U EAST MAIN STREET - WAPPINGERS FALLS NEW YORK - 11590 .. AFFIDAVIT OF PUBLICATION State of New York, County of Dutchess, Town of Wappinger. . ......... ..\[.9~n ..M};J.~~.;-........ ................ of the Town of Wappinger, Dutchess County. New York, being duly sworn, says that he is, and at the several times hereinafter was, theBooKkee~ex............ of the SOUTHERN DUTCHESS NEWS, a newspaper printed and published every Wednesday in the Town of Wappinger, Dutchess County, New York, and that the annexed NOTICE was duly published in the said newspaper for ...o.o.e..weeks successively in each week, commencing on the ..J.::it... day of ....~.PX.tJ....... 19~.~.. and on the following dates thereafter, namely on PLEASE tAKE NOTICE that the Town 01 wappinger Superviso(s An- nual Finllnclal Report lor the year 1 e97 hlIs been completed and liled In the 0IIlce 01 the lbwn Clerk 01 the Town 01 WaPPinger on the 4th day 01 MarCh. 1998. and Ia available for publle InIll8Cl\Oll and lXlPYlng cfuring noonal bum- hours b8\W88f\8:30 A.M. and 4:00 P.M.. MondaY through FrIday~lbwII Clerk's .()lIIOe. Dated: . . s Falls, NY rlrCh 24, 1998 . '. Elaine H. Snowden lbwn Clerk . , Town 01 Wapplnger ................................................................. and ending on the ......~~~... day of .~p.~~).... 19.~.~ both days inclu ive. . .:........ ~r.., Subscribed and sworn to before me h. 1st d f .JJpril ..A_\ 1998 t IS ............. a~.~..&:;;a::Q:;;J;;;;A Notary Public My commission expires .... ............ ........... ...... l>~\::,:,;~:F;_, tV1~~:-~t"\.;.~-r CA",", "''"''J --.,....,.,. '. ",." ," If'JA/70 ~}-,';/t:.hJ~.)j' t-\1"~'.~~ ~~:-.\':~;~ ~~, ~ L *FINANCIAL SECTION* L. Financial Information for the following funds and account groups are included in the Annual Financial Report filed by your government for the fiscal year ended 1996 and has been used by the OSC as the basis L for preparing this update document for the fiscal year ended 1997: ~ .. (A) GENERAL (B) GENERAL TOWN-OUTSIDE VG (CD) SPECIAL GRANT (DB) HIGHWAY-PART-TOWN (SL) LIGHTING (SS) SEWER (SW) WATER (SM) MISCELLANEOUS (H) CAPITAL PROJECTS (TA) AGENCY (K) GENERAL FIXED ASSETS (W) GENERAL LONG-TERM DEBT L L l All amounts included in this update document for 1996 represent data filed by your government with OSC as reviewed and adjusted where necessary. 4 ... *** SUPPLEMENTAL SECTION *** l: !I .. The Supplemental Section includes the following sections: i I. 1) Statement of Indebtedness 2) Schedule for Reporting Variable Rate, Discounted, and/or Negotiated Bonds and Notes 3) Schedule for Reporting All Installment Purchase Contracts/Certificates of Participation 4) Schedule pf Securities for Collateralization 5) Schedule of Time Deposits and Investments 6) Investment Certification 7) Bank Reconciliation 8) Real Property Tax Levy and Related Information 9) Local Government Questionnaire 10) Notice of Tort Claims ~. -.. ! L. .. All numbers in this report will be rounded to the nearest dollar. I. L ~ i ... t ir. 2 l ~ L L. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 L L. ~ II. L L f .. ~ ... l l *** FINANCIAL SECTION *** L L L L L 1.. La 3 L L v i. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (A) GENERAL ~. .. Results of Operations ~ ~: ... L ~ .. La w i. L I .. ... L I ... L. ~. .. .. g L fu L. 4 L. L L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (A) GENERAL L Balance Sheet L L l L L ASSETS CASH CASH IN TIME DEPOSITS PETTY CASH 244 126,806 700 INVESTMENTS IN REPURCHASE AGREEMENTS 532,728 A451 ACCOUNTS RECEIVABLE 29,514 A380 ~ L ~ [~ .. ~ .. L. l La L L 5 L ! .. .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (A) GENERAL ... Balance Sheet "- LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE ,'''''';....';j;''' 81,063 A600 22,911 .W_W1W@.'@w<;"....'11.'\..... ,::~:~,~>" '* l;<:~ " ,,'~4;[: _ .':.,' .:,:,,::& l.. ~ RESERVE FOR ENCUMBRANCES A821 " ?,1!5 FUND EQUITY .. UNRESERVED FUND BALANCE APPROPRIATED 400,000 A910 , ,.y,490,QOQ .~,..- ~ UNRESERVED FUND BALANCE UNAPPROPRIATED 228,929 A911 214,177 ';~- , ... ", "'iI, ' r-. ... \ it. ..... ! ... it. ... ... ~ 6 ~ L. ~ ... TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (A) GENERAL Ii ... Results of Operations l DETAIL REVENUES AND OTHER SOURCES REAL PROPERTY TAXES ,~ 981,901 A1001 1,018,609 p:~ 406 A 1081 423 67,039 A1090 49,385 4,379 A 1232 7,553 6,052 A 1255 6,745 2,070 A1603 2,621 0 A 1721 11,646 A2001 0 A2089 ~ OTHER PAYMENTS IN LIEU OF TAXES INTEREST & PENALTIES ON REAL PROP TAXES 1,185 "".'__/.... :.............T...; _~f~ -~' - ::,:".; GAMES OF CHANCE L. DOG LICENSES llr';/. " L. FINES AND FORFEITED BAIL FINES & PEN-DOG CASES 67,931 A2401 143,817 A2410 150 A2530 4,478 A2544 92,116 A2610 2,747 A2611 100 A2665 28,841 A2680 33,225 144,,416. INTEREST AND EARNINGS La RENTAL OF REAL PROPERTY 100 6,998 ., ~."".?~'Ul1l"...w"'.....M.w ............Hi....... '~::~,'\\~.,tl.~,", "_'~: i.. SALES OF EQUIPMENT INSURANCE RECOVERIES 'eC'"' "- "~ .... REFUNDS OF PRIOR YEAR'S EXPENDITURES GIFTS AND DONATIONS i.. UNCLASSIFIED SPECIFY 3,899 723 :~,- .... t.. r i.: .. 7 ~ ~ '- TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (A) GENERAL '- Results of Operations ... ST AID- REVENUE SHARING ST AID- MORTGAGE TAX ST AID- TAX MAPS AND ASSESSMENTS L,~I..e-ID, RECORDS MGMT. 128,697 A3001 282,722 A3005 19,168 A3040 o A3060 *a. L tar. ~ .... t t II.. t '- '- , '- '- -. ... ~ '- 8 ... L L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (A) GENERAL '- Results of Operations L DETAIL EXPENDITURES AND OTHER USES LEGISLATIVE BOARD- PERS SERV LEGISLATIVE BOARD- CONTR EXPEND L. MUNICIPAL COURT- PERS SERV MUNICIPAL COURT- EQUIP & CAP OUTLAY L MUNICIPAL COURT- CONTR EXPEND L 28,392 A10101 50 A10104 28,392 SUPERVISOR-PERS SERV SUPERVISOR-CONTR EXPEND 54,189 A12201 69 A12204 54,737 322 COMPTROLLER-PERS SERV COMPTROLLER- CONTR EXPEND 83,581 A13151 446 A13154 85,695 270 t ~. '- ELECTIONS- PERS SERV ~. ELECTIONS- EQUIP & CAP OUTLAY lit ELECTIONS- CONTR EXPEND 48,430 A 1330 1 50,467 5,487 A 13304 ....4,~~~~ " 80,849 A13551 20,568 A13554 1,855 A 13804 TAX COLLECTION-PERS SERV i.. TAX COLLECTION-CONTR EXPEND ASSESSMENT- PERS SERV i '- ASSESSMENT- CONTR EXPEND FISCAL AGENTS FEES- CONTR EXPEND I ... CLERK-PERS SERV CLERK-EQUIP & CAP OUTLAY CLERK-CONTR EXPEND l L BUILDINGS- PERS SERV l. BUILDINGS- EQUIP & CAP OUTLAY lit BUILDINGS- CONTR EXPEND 25,237 A16201 4,539 A16202 148,557 A16204 26,970 2,000 92,608 "";iiW ""'~' i.. i '- t i. 9 ~ ~. ~ It. ! Ii. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (A) GENERAL .. Results of Operations L L ~~NTRALSTOREROOM-CONTREXPEND .i,' CENTRAL PRINT & MAIL-CONTR EXPEND L. l ~ MUNICIPAL ASSN DUES- CONTR EXPEND II. .' TAXES & ASSESS ON MUNIC PROP, CONTR EXPEND Ii .. TRAFFIC CONTROL- CONTR EXPEN CONTROL OF ANIMALS- PERS SERV CONTROL OF ANIMALS- EQUIP & CAP OUTLAY CONTROL OF ANIMALS- CONTR EXPEND 440 A33104 L 15,000 A35101 12,500 A35102 9,068 A35104 18,239 r/ It. 11,418 L. REGISTRAR OF VITAL STATISTICS, PERS SERV REGISTRAR OF VITAL STAT CONTR EXPEND o A40201 2,070 A40204 1,740 841 tC I.. L. STREET ADMIN- PERS SERV STREET ADMIN- CONTR EXPEND 56,143 A50101 113 A50104 L. VETERANS SERVICE- CONTR EXPEND 600 A65104 600 I:, .. i. ~ 10 L ~ l TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (A) GENERAL L Results of Operations L RECREATION ADMINI- PERS SERV 28,278 A70201 28,955 .. ~;' - '" PARKS- PERS SERV 64,422 A71101 ,i PARKS- EQUIP & CAP OUTLAY 24,443 A71102 ~ .. PARKS- CONTR EXPEND 76,484 A71104 L PLAYGR & REC CENTERS- PERS SERV 7,655 A71401 PLAYGR & REC CENTERS- CONTR EXPEND 14,248 A71404 18 JOINT REC PROJ- CONTR EXPEND 8,400 A71454 L L HISTORIAN- PERS SERV 250 A75101 CELEBRATIONS- CONTR EXPEND 8,661 A75504 8,387 J, PROGRAMS FOR AGING- CONTR EXPEND 19,039 A761 04 La ADULT RECREATION- PERS SERV f' ADULT RECREATION- CONTR EXPEND L L ENVIRONMENTAL CONTROL- CONTR EXPEND 913 A80904 REFUSE & GARBAGE- CONTR EXPEND 10,000 A81604 10,000 ~ I~ ,,' . .... r'" " ~ I. COMM BEAUTIFICATION- CONTR EXPEND 397 A851 04 L. STATE RETIREMENT SYSTEM 3,109 A90108 2,980 L SOCIAL SECURITY- EMPLOYER CONT 45,208 A90308 45,692 WORKER'S COMPENSATION- EMPL BNFTS 8,516 A90408 5,147 LIFE INSURANCE- EMPL BNFTS 2,916 A90458 3,100 UNEMPLOYMENTINSURANCE-EMPLBNFTS 0 A90508 L DISABILITY INSURANCE- EMPL BNFTS 2,758 A90558 HOSPITAL & MEDICAL (DENTAL) INS- EMPL BNFT 131 ,136 A90608 OTHER EMPLOYEE BENEFITS SPEC 10,573 A90898 t, L L L 11 I L I L L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (A) GENERAL L Results of Operations L L DEBT PRINCIPAL- SERIAL BONDS D~,~T PRINCIPAL, BOND ANTICIPATION NOTES 73,950 A971 06 o A97306 79,150 30,ogOi DEBT INTEREST- ~ERIAL BONDS DEBT INTEREST- BOND ANTICIPATION NOTES 119,177 14,699 L L L BALANCING CODE - OSC USE ONLY 1 A18884 ~ ... .. ; ~ .. ( ... ! ~ '- ~ !, ~ .. ~' II. L 12 L L L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (A) GENERAL ~ L. Results of Operations L ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY-BEGINNING OF YEAR PRIOR PERIOD ADJ-INCREASE TO FUND EQUITY ~.. PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY II. RESTATED FUND EQUITY - BEG OF YEAR ADD - REVENUES AND OTHER SOURCES ~.. DEDUCT - EXPENDITURES AND OTHER USES L. FUND EQUITY-END OF YEAR 782,313 A8021 o A8012 o A8015 782,313 A8022 1,848,776 2,002,160 628,929 A8029 I ... Total Fund Equity includes reserved and unreserved fund balance in governmental funds, or retained earnings or fund equity for proprietary funds. Adjustments to beginning fund equity resulting from a correction of a prior year's accounting error should be reported as a prior period adjustment. L i II. ~ i: II. l ~ .. ~ ... L , I ... L L L 13 628,929 628,929 1,921,782 1,929,359 621,352 k I.. L. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 ~ ... ESTIMATED REVENUES AND OTHER SOURCES EST REV - REAL PROPERTY TAXES EST REV - REAL PROPERTY TAX ITEMS Ii L EST REV - DEPARTMENTAL INCOME EST REV - USE OF MONEY AND PROPERTY EST REV - LICENSES AND PERMITS L ~~~ ~~~_~kNCEESLt~~~~~C6~A~E:OURCES EST REV - STATE AID L L 981,899 A1049M 50,000 A 1 099M 16,925 A 1299M 190,881 A2499M 4,400 A2599M 94,500 A2649M 30,866 A2799M 420,865 A3099M 1,018,609 49,385 11,548 210,620 5,100 104,673 723 341,198 ESTIMATED OTHER SOURCES APPROPRIATED FUND BALANCE 382,448 A599M f .. L t ... L ~. .. ! ... , t .. !: L. La L. 14 ~': .. , II. ~ i. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (A) GENERAL L. Summary of Final Budget as Modified h'"; , t.. ... APPROPRIATIONS APP - GENERAL GOVERNMENT SUPPORT APP - PUBLIC SAFETY APP - HEALTH APP - TRANSPORTATION APP - EGONOMIC ASSISTANCE AND OPPORTUNITY APP - CULTURE AND RECREATION APP - HOME AND COMMUNITY SERVICES APP-EMPLOYEE BENEFITS APP - DEBT SERVICE 1,169,078 A1999M 45,570 A3999M A4999M 88,957 A5999M 600 A6999M 393,081 A7999M 16,650 A8999M 251,022 A9199M 207,826 A9899M 1,267,458 37,972 L 89,446 600 394,149 14,650 249,200 235,122 ,~ " 4& L L L L .. t I. .. L. ~ L. ~ L L 15 L ~. .. La TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (B) GENERAL TOWN-OUTSIDE VG !t ... Balance Sheet t II. ASSETS CASH CASH IN TIME DEPOSITS ~ .. {q L INVESTMENTS IN REPURCHASE AGREEMENTS 1,279,333 B451 ACCOUNTS RECEIVABLE M:: 229,041 B380 211,765 L DUE FROM OTHER FUNDS 9,837 f II. ~.. '- \ .. L. L ~ La L f. ~ L. L 16 ~ II. ~ ... i. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (B) GENERAL TOWN-OUTSIDE VG .. Balance Sheet ~, ... LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE 17,338 B600 14,276 "'''''''.'' m~iI"'''''' ",Ill "./, j,,:! , - -t,*~ : ,,' ., ~- " .. ~: L. . ~. III I; UNRESERVED FUND BALANCE APPROPRIATED ... 457,491 B910 Ii UNRESERVED FUND BALANCE UNAPPROPRIATED II. 667,908 B911 706,551 , L. ... 1. r t ill .. L L ;(. if: III ~ 17 % .. L l TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (B) GENERAL TOWN-OUTSIDE VG L Results of Operations L DETAIL REVENUES AND OTHER SOURCES REAL PROPERTY TAXES L FED AID- EMERGENCY DISASTER ASSISTANCE ;9ll!a. @UBi L 175,028 B1001 735,450 B1120 77 ,257 B1170 16,247 B2070 300 B2089 3,182 B2110 22,617 B2115 41 ,420 B2130 5,613 B2189 68,911 B2401 51,528 B2590 0 B2665 16,676 B2680 39 B2701 72,392 B3001 0 B3591 4,028 B3960 19,471 B4960 j, L. SALES TAX (FROM COUNTY) FRANCHISES 740,162 71,791 L CONTRIBUTIONS- PRIVATE AGENCIES-YOUTH OTHER CULTURE & RECREATION INCOME L ZONING FEES PLANNING BOARD FEES REFUSE & GARBAGE CHARGES L ~OTHER HOME & COMMUNITY SERVICES INCOME L l L L 10,020 6,001 32,532 36,954 32,38~ INTEREST AND EARNINGS f.lll 58,318 56,911 SALES OF EQUIPMENT INSURANCE RECOVERIES 1,280 68 REFUNDS OF PRIOR YEAR'S EXPENDITURES ST AID- STATE REVENUE SHARING ti ST AID, HIGHWAY CAP PROJECTS .. ST AID EMERGENCY DISASTER ASSISTANCE ;"., i~!BM 25,000 43,567 L L L 18 ~ L t I.. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (8) GENERAL TOWN-OUTSIDE VG L. Results of Operations ~. L INTERFUND TRANSFERS o 85031 60,000 L l L. ~ L ; \ ... ;: I. t~, .. L. L I ~ l L. L 19 L L i. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (B) GENERAL TOWN-OUTSIDE VG ... Results of Operations I. i. DETAIL EXPENDITURES AND OTHER USES LAW- CONTR EXPEND L. ENGINEER- CONTR EXPEND 188,071 B14404 138,231 "' ... POLlCE- PERS SERV POLlCE- EQUIP & CAP OUTLAY POLlCE- CONTR EXPEND L FIRE DEPARTMENT- PERS SERV FIRE DEPARTMENT- CONTR EXPEND 32,051 B34101 122 B34104 33,062 400 L SAFETY INSPECTION- PERS SERV SAFETY INSPECTION- CONTR EXPEND ~ L. STREET L1GHTING- CONTR EXPEND 20,899 B51824 22,736 L PUBLlCITY- CONTR EXPEND ' 828 B64104 502 .. L YOUTH PROG- PERS SERV YOUTH PROG- EQUIP & CAP OUTLAY YOUTH PROG- CONTR EXPEND L ~2ELEBRA TIONS- CONTR EXPEND 67,462 B73101 74,076 4,200 B73102 4,884 35,959 B731 04 27,583 .:>ll'ffq '>"'f 1 ,101 B75504 710 L I .. ZONING- PERS SERV ZONING- CONTR EXPEND 57,994 B80101 1 ,190 B801 04 57,954 1,008 t t .. L .. 20 L ~t Ii. t: i. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (B) GENERAL TOWN-OUTSIDE VG ~ .. Results of Operations ~ L. PLANNING- PERS SERV PLANNING- CONTR EXPEND ~ REFUSE & GARBAGE- PERS SERV Ii. REFUSE & GARBAGE- CONTR EXPEND 11,701 B80201 45.862 B80204 6.801 B81601 151.898 B81604 0 B85404 25.962 B87604 L~~I~AGE, CONTR EXPEND L STATE RETIREMENT- EMPL BNFTS L' ~~~~~~,~CCU~~"';;E~~~~~~~~~PL BNFTS LIFE INSURANCE- EMPL BNFTS DISA81L1TY INSURANCE- EMPL 8NFTS L HOSPITAL & MEDICAL (DENTAL) INS- EMPL BNFT OTHER EMPLOYEE 8ENEFITS SPEC ~, ~ ,. DEBT PRINCIPAL- SERIAL BONDS DEBT PRINCIPAL- 80ND ANTICIPATION NOTES j" >!l , I!l~* L. 748 890108 717 14.342 890308 15,222 9.013 890408 6,396 771 890458 908 1,199 890558 909 25,475 890608 29,135 3,355 890898 3,560 191,050 B97106 193,050 20,000 897306 25,000 FW DEBT INTEREST- SERIAL 80NDS DEBT INTEREST- 80ND ANTICIPATION NOTES L L OTHER USES TRANSFERS- CAPITAL PROJECTS FUND L ~, 94,000 899509 L >i r ~ .. i L. L 21 I: ... I I .. .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (B) GENERAL TOWN-OUTSIDE VG l' ;( .. Results of Operations ~; ~ ANAL YSIS OF CHANGES IN FUND EQUITY Ii. FUND EQUITY - BEGINNING OF YEAR 1,757,745 88021 1,689,796 PRIOR PERIOD ADJ-INCREASE TO FUND EQUITY 0 88012 f PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY 0 B8015 L RESTATED FUND EQUITY - 8EG OF YEAR 1,757,745 88022 1,689,796 ADD - REVENUES AND OTHER SOURCES 1,310,159 1,174,986 L DEDUCT - EXPENDITURES AND OTHER USES 1,378,108 1,197,043 FUND EQUITY - END OF YEAR 1,689,796 B8029 1,667,739 ( ... Total Fund Equity includes reserved and unreserved fund balance in governmental funds, or retained earnings or fund equity for proprietary funds. Adjustments to beginning fund equity resulting from a correction of a prior year's accounting error should be reported as a prior period adjustment. ... l ~ to: la. ~:- L [ ... L l t II. 1(; ~; II. L 22 l ~ t .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (B) GENERAL TOWN-OUTSIDE VG !, L Summary of Final Budget as Modified L ESTIMATED REVENUES AND OTHER SOURCES EST REV - REAL PROPERTY TAXES EST REV - NON PROPERTY TAX ITEMS ti EST REV - DEPARTMENTAL INCOME .. EST. REV. - INTERGOVERNMENTAL CHARGES EST REV - USE OF MONEY AND PROPERTY l EST REV - LICENSES AND PERMITS L EST REV - SALE OF PROP AND COMP FOR LOSS EST REV-STATE AID 175,028 B1049M 550,000 B1199M 70,000 B 1299M B2399M 96,895 B2499M 40,000 B2599M 16,240 B2699M 34,591 B3099M B5031 M 548,200 B599M 580,000 70,000 108,500 40,000 S.; ~. ... ESTIMATED -INTERFUND TRANSFERS ESTIMATED OTHER SOURCES L APPROPRIATED FUND BALANCE 60,000 L ~. ... ~ L. ~, L. t .. L ~ L. [1 .. L 23 L .. .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (B) GENERAL TOWN-OUTSIDE VG ~ ti L. Summary of Final Budget as Modified ~. APPROPRIATIONS .. APP - GENERAL GOVERNMENT SUPPORT APP - PUBLIC SAFETY L ~::-~~~N;~I~RJ~~~NCE AND OPPORTUNITY APP - CULTURE AND RECREATION APP - HOME AND COMMUNITY SERVICES I' I. APP - EMPLOYEE BENEFITS APP - DEBT SERVICE L ESTIMATED OTHER USES APP - INTERFUND TRANSFER i~:Df;\- L I0!%\ 253,000 B1999M 204,672 B3999M 26,000 B5999M 7,000 B6999M 127,386 B7999M 371,181 B8999M 79,160 B9199M 368555 B9899M 241,500 207,136 26,000 7,000 121,781 448,210 79,678 375,454 94,000 B9999M 480,000, ... ;; i. ... , .. I II. ~ II. l' L. L 'i .. (: 1i ... 24 ~ .. L ... TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (CD) SPECIAL GRANT f .. Balance Sheet L ASSETS CASH CASH IN TIME DEPOSITS L .77 CD200 127 CD201 ");I:{' ,'i:" %;!'I; , I .. t.. L ~. ~ t ... ~;' .. .. .. ~", ... L L I Ii. I ill 1, L 25 L .. [, II. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (CD) SPECIAL GRANT i.. Balance Sheet L. LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE '.~.'.I...."."'... ti, ~'.' ;:-JOe ' CD600 .. FUND EQUITY L UNRESERVED FUND BALANCE UNAPPROPRIATED 127 CD911 f .. t~l~i;pl~~~idi; ~,JAB.-..:,filmWIL.L,:, ! II.. ~- ill 1- ill L. ~.- ... r. ~ .. $ L i .. ... Ie II. 26 ~ I; II. l TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (CD) SPECIAL GRANT L Results of Operations j:j L COMMUNITY DEVELOPMENT INCOME 10,011 .J_.w~ , .....11 "'1>~ u DETAIL REVENUES AND OTHER SOURCES .. INTEREST AND EARNINGS ~ 87 CD2401 3 L ~ ~ ~: '- L l.. L l ... L. L L ~ .. 27 , t .. L. L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (CD) SPECIAL GRANT L Results of Operations k I. ASSESSMENT f':, Ii. DETAIL EXPENDITURES AND OTHER USES PUBLIC WORKS FAC SITE- CONTR EXPEND L l j Ii. r [ .. t.. L. l L. ~ Ii. '- ! ~, ... L. L 28 ~ i ... .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (CD) SPECIAL GRANT ... Results of Operations ~ ANAL YSIS OF CHANGES IN FUND EQUITY b Ill. FUND EQUITY-BEGINNING OF YEAR 40 CD8021 127 PRIOR PERIOD ADJ.- INCREASE IN FUND EQUITY 0 CD8012 L PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY 0 CD8015 RESTATED FUND EQUITY - BEG OF YEAR 40 CD8022 127 ADD - REVENUES AND OTHER SOURCES 87 10,014 I DEDUCT - EXPENDITURES AND OTHER USES 0 10,141 .. FUND EQUITY-END OF YEAR 127 CD8029 I .. Total Fund Equity includes reserved and unreserved fund balance in governmental funds, or retained earnings or fund equity for proprietary funds. Adjustments to beginning fund equity resulting from a correction of a prior year's accounting error should be reported as a prior period adjustment. .. I t' I. ! II. L 1. L. ~ ... ~ ~ L. ~. i.. L. 29 L ~ .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (DB) HIGHWAY-PART-TOWN L. Balance Sheet ~ CASH .. CASH IN TIME DEPOSITS ;~,,?m .'~' M't_'___~ .,:', DB200 76,293 DB201 ,~3,246 L 233,435 DB451 349,188 '.'....l1li" ..................... -g- " :" -" - ,~ ':,*' ','.., L ACCOUNTS RECEIVABLE 72,182 DB380 L AW_. ... . <c...w"_";,, ..+.... ~mf -- <~", - ,,', ';;' \t?,:" _.:- '/" - . -; :A;o~_____ · ",'C' ':1; I. .. it: ~~- .. lr. y ~ .. .. .. f '- L La ! .. L ~ 30 l lI. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (DB) HIGHWAY-PART-TOWN L. Balance Sheet ~, LIABILITIES AND FUND EQUITY II. ACCOUNTS PAYABLE 24,787 DB600 25,812 L RETAINED PERCENTAGES, CONT PAY r~:' ; DB605 6,08~ r, .. DB691 L RESERVE FOR ENCUMBRANCES l-' FUND EQUITY UNRESERVED FUND BALANCE APPROPRIATED L DB821 2,OOQt< 80,000 DB910 190,000 UNRESERVED FUND BALANCE UNAPPROPRIATED 277,123 DB911 238,198 l L L t .. L L L ~ .. L 31 L 1 L. ... TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (DB) HIGHWAY-PART-TOWN .. Results of Operations ~ .. DETAIL REVENUES AND OTHER SOURCES REAL PROPERTY TAXES 1,403,099 DB1001 1,547,433 WJ:.i .. TRANSPORTATION SERVICES- OTHER GOVTS "',* ~. .. FED AID- EMERGENCY DISASTER ASSISTANCE L irED AID, OTHER HOME AND COMM SERVICES 33,640 DB2401 0 DB2665 1,939 DB2680 0 DB2701 92,313 DB3501 48,900 DB3502 8,080 DB3960 44,516 DB4960 0 DB4989 ti SALES OF EQUIPMENT .. INSURANCE RECOVERIES 350 .w ~~0;5~ Ii. L ST AID- CONSOLIDATED HIGHWAY AID ST AID- SUBURBAN HWY IMPROV PRO ST AID EMERGENCY DISASTER ASSISTANCE 92,608 235,801 ~ 1 Ii. i; Ii. L ! L. ~, i. , ... L 32 L I .. ~ ~- ... TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (DB) HIGHWAY-PART-TOWN ~ Results of Operations L DETAIL EXPENDITURES AND OTHER USES ;' MAINT OF STREETS- PERS SERV 542,717 DB51101 537,727 MAINT OF STREETS- CONTR EXPEND 297,370 DB51104 260,650 L , 0 ~~:.c PERM IMPROVE HIGHWAY- EQUIP & CAP OUTLAY 92,313 DB51122 328,409 PERM IMPROVE HIGHWAY, CONTR EXPEND 0 DB51124 l ,W MACHINERY- PERS SERV 34,420 DB51301 34,509 MACHINERY- EQUIP & CAP OUTLAY 2,223 DB51302 84,730 L MACHINERY- CONTR EXPEND 70,235 DB51304 78,254 BRUSH AND WEEDS- PERS SERV 9,845 DB51401 BRUSH AND WEEDS- CONTR EXPEND 8,400 DB51404 L c', ~ SNOW REMOVAL- PERS SERV 57,545 DB51421 59,310 SNOW REMOVAL- CONTR EXPEND 211,324 DB51424 209,721 L ~ . STATE RETIREMENT- EMPL BNFTS 1,900 DB90108 1,821 SOCIAL SECURITY- EMPL BNFTS 40,359 DB90308 41,068 II. WORKER'S COMPENSATION- EMPL BNFTS 89,921 DB90408 53,692 LIFE INSURANCE- EMPL BNFTS 1,916 DB90458 2,062 L DISABILITY INSURANCE- EMPL BNFTS 675 DB90558 749 HOSPITAL & MEDICAL (DENTAL) INS- EMPL BNFT 97,663 DB90608 95,546 OTHER EMPLOYEE BENEFITS SPEC 9,439 DB90898 9,605 L ~ .. DEBT INTEREST- SERIAL BONDS DB97107 ~L""""" .... '.~P'....P-./..".' ~x e; I. L ~; &f ... ~ 33 L l L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (DB) HIGHWAY-PART-TOWN L Results of Operations L. ANAL YSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR 309,888 DB8021 357,123 PRIOR PERIOD ADJ.- INCREASE IN FUND EQUITY 0 DB8012 L. PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY 0 DB8015 12,334 RESTATED FUND EQUITY - BEG OF YEAR 309,888 DB8022 344,789 ADD - REVENUES AND OTHER SOURCES 1,637,923 1,928,247 ~ DEDUCT - EXPENDITURES AND OTHER USES 1,590,688 1,842,838 .. FUND EQUITY - END OF YEAR 357,123 088029 430,198 l Total Fund Equity includes reserved and unreserved fund balance in governmental funds, or retained earnings or fund equity for proprietary funds. Adjustments to beginning fund equity resulting from a correction of a prior year's accounting error should be reported as a prior period adjustment. L f II ~. .. L L ~ i. L L Ii It. L L 34 L .. i:~ ... TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (DB) HIGHWAY-PART-TOWN .. Summary of Final Budget as Modified L ESTIMATED REVENUES AND OTHER SOURCES EST REV - REAL PROPERTY TAXES EST. REV. -INTERGOVERNMENTAL CHARGES , EST REV - USE OF MONEY AND PROPERTY L EST REV - STATE AID EST REV - FEDERAL AID 1,403,099 DB 1 049M 5,436 DB2399M 35,579 DB2499M 145,632 DB3099M 16,610 DB4099M 1,547,433 3,588 30,412 328,409 t L ESTIMATED OTHER SOURCES APPROPRIATED FUND BALANCE '- L 200,000 DB599M 173,854 II. L .. l L I, ... l L l i .. l 35 i. l R .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (DB) HIGHWAY-PART-TOWN L Summary of Final Budget as Modified L APPROPRIATIONS APP - TRANSPORTATION APP - EMPLOYEE BENEFITS LAPP - DEBT SERVICE 1,491,912 DB5999M 292,021 DB9199M 22,423 DB9899M 1,773,596 296,365 13,7,~~; I iI. ~ .. t" t .. L. , i. ~. .. l I .. L L f .. L ~ L. 36 l 1 L. ... TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SL) LIGHTING ~ ... Balance Sheet i. ASSETS CASH CASH IN TIME DEPOSITS SL200 SL201 L .. BALANCING CODE - OSC USE ONLY 1 SL488 ~. II. ,. L L. ... I: ... t .. \ .. I.. L ~ L L. L. 37 L L F ... TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SL) LIGHTING ... Balance Sheet L. LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE i;: L., 2,085 SL600 2,090 , FUND EQUITY k UNRESERVED FUND BALANCE APPROPRIATED .. M 730 SL910 L UNRESERVED FUND BALANCE UNAPPROPRIATED SL911 L ~' .. .. Ii. f/ .. L. L .. , , i. I .. .. 38 ~. .. ~ i. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SL) LIGHTING t' g,' .. Results of Operations ,? DETAIL REVENUES AND OTHER SOURCES .. REAL PROPERTY TAXES ~ INTEREST AND EARNINGS 1:&1", 439 SL2401 521 , ff II. ~ .. BALANCING CODE - OSC USE ONLY 1 SL4888 ~; .. l * .. ~' L ,", L ~. II. L ~ ~; i. ~' '- i,. L. 39 L L '- TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SL) LIGHTING ~ .. Results of Operations L DETAIL EXPENDITURES AND OTHER USES STREET L1GHTING- CONTR EXPEND ~ fill 23,025 SL51824 24,904 ~ ! . ! II. , K . li. ! .. 1 II. ~ ~ fill i ~ L ~ Ii. ii. I. 40 ~ II. ~ t' .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SL) LIGHTING L Results of Operations I" ~ ANAL YSIS OF CHANGES IN FUND EQUITY III FUND EQUITY - BEGINNING OF YEAR 2,676 SL8021 5,881 PRIOR PERIOD ADJ - INCREASE IN FUND EQUITY 0 SL8012 } PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY 0 SL8015 fi. RESTATED FUND EQUITY - BEG OF YEAR 2,676 SL8022 5,881 ADD - REVENUES AND OTHER SOURCES 26,230 26,606 DEDUCT - EXPENDITURES AND OTHER USES 23,025 24,904 .. FUND EQUITY - END OF YEAR 5,881 SL8029 7,583 II. Total Fund Equity includes reserved and unreserved fund balance in governmental funds, or retained earnings or fund equity for proprietary funds. Adjustments to beginning fund equity resulting from a correction of a prior year's accounting error should be reported as a prior period adjustment. l.. '- ~ f' .. , .. , iI. ~ L I II. t r .. fi. ~ 41 t t;j ... ~ L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SL) LIGHTING L Summary of Final Budget as Modified 1 L. ESTIMATED REVENUES AND OTHER SOURCES EST REV - REAL PROPERTY TAXES EST REV - USE OF MONEY AND PROPERTY 25,780 SL 1 049M 365 SL2499M 26,085 365 1 ~ .. ESTIMATED OTHER SOURCES APPROPRIATED FUND BALANCE L 1,035 SL599M I .. L L L f .. . II. L %. t'< .. L f .. L f .. 42 t f.. ill I iii. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SL) LIGHTING i ... Summary of Final Budget as Modified l APPROPRIATIONS APP - TRANSPORTATION i. .. l ~ L i .. ~ ~ .. I Ill. f to .. l I .. t; .. t t: .. 43 I; II. ~ ~ TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SS) SEWER L Balance Sheet L ASSETS CASH CASH IN TIME DEPOSITS l SS200 423,163 SS201 302,480 f,' ~ ... SEWER RENTS RECEIVABLE INVESTMENTS IN SECURITIES ,,<I"'" Ci% ", 581,649 SS450 684,038 , ~~"'%M;J'--, P"'" ":] 377,089 SS360 390,308 ~- ,- "W I t III DUE FROM OTHER FUNDS .~ 25,546 SS391 L L. L ,~ t: i. t .. ~ L L ~' .. .. i. 44 l l ~ TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SS) SEWER w i. Balance Sheet L 139,238 "'i~l~.y~f.~Q: 11~1.@&~e-~'Rt l' Ii. DUE TO OTHER FUNDS 45,546 SS630 20,0001 , ~ ~-, '^ Ii. f L RESERVE FOR ENCUMBRANCES SS821 FUND EQUITY L ,~~NRESERVED FUND BALANCE APPROPRIATED 518,482 SS910 L UNRESERVED FUND BALANCE UNAPPROPRIATED 791.691 SS911 535,561 I L. f L. '- ~ ;, r II. ... l ?~ II. .. 45 l i. l L. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SS) SEWER L Results of Operations L DETAIL REVENUES AND OTHER SOURCES REAL PROPERTY TAXES SPECIAL ASSESSMENTS I " L SEWER RENTS INTEREST & PENALTIES ON SEWER ACCTS i:i .. EATER SERVICE CHARGES 1,111,058 SS2120 19,483 SS2128 50 SS2144 % .. INTEREST AND EARNINGS 670,274 SS2401 ?:' .. REFUNDS OF PRIOR YEAR'S EXPENDITURES 210,425 SS2701 L OTHER SOURCES INTERFUND TRANSFERS o SS5031 248,000 l L t.. i L ~ L }: ~: .. l.. ~ ~ .. 46 L. i: .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 ... (SS) SEWER ,: .. Results of Operations L DETAIL EXPENDITURES AND OTHER USES SEWER ADMINISTRATION- PERS SERV SEWER ADMINISTRATION- CONTR EXPEND L SANITARY SEWERS- CONTR EXPEND M~*':, " ~t L. SEWAGE TREAT DISP- CONTR EXPEND SOCIAL SECURITY - EMPL BNFTS II. OTHER EMPLOYEE BENEFITS SPEC <!~, Xl .. DEBT PRINCIPAL- SERIAL BONDS DEBT PRINCIPAL- BOND ANTICIPATION NOTES ~,i .. DEBT INTEREST- SERIAL BONDS DEBT INTEREST- BOND ANTICIPATION NOTES p; I .. 1,093,639 SS97107 71,849 SS97307 1,049,466 75,15,1 L , ~ ~ It. b ~;: .. r .. La 47 i' I .. ~ .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 .. (SS) SEWER } .. Results of Operations L ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY-BEGINNING OF YEAR PRIOR PERIOD ADJ-INCREASE TO FUND EQUITY ~ PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY lit. RESTATED FUND EQUITY - BEG OF YEAR ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES II.. FUND EQUITY-END OF YEAR 909,572 SS8021 o SS8012 o SS8015 909,572 SS8022 3,745,033 3,344,432 1,310,173 SS8029 II. Total Fund Equity includes reserved and unreserved fund balance in governmental funds, or retained earnings or fund equity for proprietary funds. Adjustments to beginning fund equity resulting from a correction of a prior year's accounting error should be reported as a prior period adjustment. L. i II. , , ~ .. .. i. if"- '0 ... K- ~ ~ I i.. ii U .. ~ .. 48 ... 1,310,173 1,310,173 3,788,448 3,881,032 1,217,589 L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 L. (SS) SEWER !; l.. Summary of Final Budget as Modified L ESTIMATED REVENUES AND OTHER SOURCES EST REV - REAL PROPERTY TAXES EST REV - DEPARTMENTAL INCOME L 1,733,743 SS1049M 1 ,322,448 SS 1299M 1.793,921 1,158,781 ";j,W ESTIMATED OTHE.R SOURCES v ESTIMATED -INTERFUND TRANSFER n APPROPRIATED FUND BALANCE .. t .. L. ~ .. ~ ~:' .. .. L. L. i .. f .. , L. L. .. 49 ... L L. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SS) SEWER ~ ~ .. Summary of Final Budget as Modified \, L APPROPRIATIONS APP - HOME AND COMMUNITY SERVICES APP-EMPLOYEE BENEFITS L. .-, DEBT SERVICE ESTIMATED OTHER USES LAPP - INTERFUND TRANSFER 178,670 SS9999M 118,000 ~ - ;tj -;<' t .. ~: i. i .. ~ I .. L l ~ ... L t< i' ill ~f .. L 50 L. ... :0 it r .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SW) WATER L. Balance Sheet L ASSETS CASH CASH IN TIME DEPOSITS w (11"; .. SW200 60,668 SW201 fi- t. INVESTMENTS IN SECURITIES Iir*, f,l !$M,,~~1jJ"""i~ 4,682 SW450 9,365 _. .'~"'. ....I!'l..iil '.... jl.~ WATER RENTS RECEIVABLE 191,130 SW350 L. ~ '" j L. ~, ... L. .. -' i.. i. l.. 1\,; .. ~, ... .. 51 .. ~ ... TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 '- (SW) WATER ~ Balance Sheet .. I LIABILITIES AND FUND EQUITY III ACCOUNTS PAYABLE ~~M L DUE TO OTHER FUNDS 11,286 ( L. FUND EQUITY L UNRESERVED FUND BALANCE APPROPRIATED 52,903 SW910 ~ i II. '%>xt f ... * Ii. L ~ I.. L. L. ilia. .. 52 i t', III l , ,; i. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SW) WATER L. Results of Operations . DETAIL REVENUES AND OTHER SOURCES t .. REAL PROPERTY TAXES ('^ L. METERED WATER SALES UNMETERED WATER SALES WATER SERVICE CHARGES L INTEREST & PENALTIES ON WATER RENTS 525,703 SW2140 54,740 SW2142 375 SW2144 10,728 SW2148 527,676 54,740 700 10,597 L ~;~:;LS6:~~;t:~~~~~TY_ OTHER GOVTS I. EPRFEITURES OF DEPOSITS ~"-" o SW2620 ~ ~NAi~~C:c~~~6~0~~IES 1,500 o L. ~, La o SW5031 5,575 , L. 11 II. ~i II. f l. .. f Ii. ~ 53 ~ L F v- I. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SW) WATER L Results of Operations . DETAIL EXPENDITURES AND OTHER USES .. WATER ADMINISTRATION- PERS SERV WATER ADMINISTRATION- CONTR EXPEND Vii l ;~OURCE SUPPLY PW~ & PUMp. CONTR EXPEND 23,311 SW83101 18,308 SW83104 35,310 29,161 L , SOCIAL SECURITY - EMPL BNFTS La WORKER'S COMPENSATION- EMPL BNFTS DISABILITY INSURANCE- EMPL BNFTS OTHER EMPLOYEE BENEFITS SPEC L j=" SW90308 SW90408 SW90558 SW90898 1,537 632 12 361 ",: ,->} DEBT PRINCIPAL- SERIAL BONDS L DEBT PRINCIPAL- BOND ANTICIPATION NOTES 181,350 SW97106 27,000 SW97306 183,350 32,57~ L!. DEBT INTEREST- SERIAL BONDS DEBT INTEREST- BOND ANTICIPATION NOTES 105,686 14,074 ~ OTHER USES L TRANSFERS- CAPITAL PROJECTS FUND 36,750 SW99509 L ,.,.t~-,,:~ " .. q ~~;, ~: ~- .. !: ~ ... i. L. le- ~ 54 .. L f II. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SW) WATER L Results of Operations t ANALYSIS OF CHANGES IN FUND EQUITY L FUND EQUITY-BEGINNING OF YEAR 146,611 SW8021 205,984 PRIOR PERIOD ADJ-INCREASE TO FUND EQUITY 0 SW8012 L PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY 0 SW8015 RESTATED FUND EQUITY - BEG OF YEAR 146,611 SW8022 205,984 ADD - REVENUES AND OTHER SOURCES 965,238 927,138 DEDUCT - EXPENDITURES AND OTHER USES 905,865 903,727 L FUND EQUITY-END OF YEAR 205,984 SW8029 229,395 L Total Fund Equity includes reserved and unreserved fund balance in governmental funds, or retained earnings or fund equity for proprietary funds. Adjustments to beginning fund equity resulting from a correction of a prior year's accounting error should be reported as a prior period adjustment. L L. t, L. (- La &1 .. L l{ ~ Ii. L :') tx t. i" ... of ~ .. 55 !; ... w .. l. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SW) WATER ... Summary of Final Budget as Modified ~. ESTIMATED REVENUES AND OTHER SOURCES ... EST REV - REAL PROPERTY TAXES EST REV - DEPARTMENTAL INCOME k EST REV - USE OF MONEY AND PROPERTY ~. .. EST REV - SALE OF PROP AND COMP FOR LOSS L ESTIMATED -INTERFUND TRANSFER ESTIMATED OTHER SOURCES APPROPRIATED FUND BALANCE ~ .. La i" .. ~ b .. L .. ~ L u. I.. r.. L. 56 ... L t .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SW) WATER L Summary of Final Budget as Modified ~ APPROPRIATIONS I. APP - HOME AND COMMUNITY SERVICES APP-EMPLOYEE BENEFITS APP - DEBT SERVICE L 574,586 SW8999M 2,457 SW9199M 328,615 SW9899M 616,754 2,850 323,354 ESTIMATED OTHER USES LAPP - INTERFUND TRANSFER 36,750 SW9999M '''i.~_, ",(-~;;:;; L .. l t S'; .. L L L. L L k:' t .. Ie f, .. ~ ~ .. 57 r .. ~ ... TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 ~ ... (SM) MISCELLANEOUS Ii ... Balance Sheet ! ASSETS t, IIIlII CASH CASH IN TIME DEPOSITS II' L SM200 41,514 SM201 30,1,09 INVESTMENTS IN SECURITIES SM450 14,083 L L. if ... .. r II. ... L .. Ii. l f ~< ... .. iii. 58 f: It. .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 .~ .. (SM) MISCELLANEOUS L Balance Sheet ~; LIABILITIES AND FUND EQUITY Ill. ACCOUNTS PAYABLE L SM600 FUND EQUITY l UNRESERVED FUND BALANCE UNAPPROPRIATED 41,514 SM911 ,. t .. ~. Ii. #,; Ii. f .. ~.t III .. ~ L ! La t t L. L. I Ii. 59 L , l.. L. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SM) MISCELLANEOUS L. Results of Operations i DETAIL REVENUES AND OTHER SOURCES .. REAL PROPERTY TAXES SPECIAL ASSESSMENTS 229,850 39 L L L L BALANCING CODE - OSC USE ONLY 1 SM4888 L. 1.. L L L L L L ~ ... ~ L 60 L ! II. l TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SM) MISCELLANEOUS Ii L. Results of Operations t DETAIL EXPENDITURES AND OTHER USES .. AMBULANCE- CONTR EXPEND ~ i.. 231,700 SM45404 231,700 ~.. L. ~ L. i L. I i.. l ... .. I !i L. 1. L ~ '- ~ t.. 61 L. I .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (SM) MISCELLANEOUS L Lt. ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR PRIOR PERIOD ADJ.- INCREASE IN FUND EQUITY PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY RESTATED FUND EQUITY - BEG OF YEAR ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES FUND EQUITY - END OF YEAR Results of Operations L 40,046 SM8021 41,514 0 SM8012 0 SM8015 40,046 SM8022 41,514 233,168 234,378 231,700 231 ,700 41,514 SM8029 44,192 L " .. ~ ... Total Fund Equity includes reserved and unreserved fund balance in governmental funds, or retained earnings or fund equity for proprietary funds. Adjustments to beginning fund equity resulting from a correction of a prior year's accounting error should be reported as a prior period adjustment. .. t~ ~ .. r> .. L. L t, ~ .. l L I L l L 62 l l TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 Ii. (SM) MISCELLANEOUS fi Summary of Final Budget as Modified ill. ESTIMATED REVENUES AND OTHER SOURCES i.. REAL PROPERTY TAXES USE OF MONEY AND PROPERTY 229,850 SM1049M 1,850 SM2499M ill. ESTIMATED OTHER SOURCES APPROPRIATED FUND BALANCE SM599M .. i.. I;. '- ~ ... 1 ... a ... ~: .. ill. Ii. ! i.. l L L 63 t { i. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 ... (SM) MISCELLANEOUS Summary of Final Budget as Modified ... APPROPRIATIONS .. HEALTH L ~: i. i ... L. ... ... l.. I. ... ... ... L L i; L 64 K L L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (H) CAPITAL PROJECTS " L Balance Sheet L ~;~~TS CASH IN TIME DEPOSITS CASH FISCAL AGENT L L 1.353,171 H450 I ~ L DUE FROM OTHER FUNDS ~ 46 H391 L I, ill .. L. f,- I. L L , Ii. L ~ ~ .. l. 65 k .. i.. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 L. (H) CAPITAL PROJECTS \I, Pi Results of Operations .. L i. !; f\ .. It fI.. ,-. I Ir. ~.. .. l ~ .. t .. ~ L ~ , . .. i .. k . , .. 66 b L. If, I.. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 ;:- .. (H) CAPITAL PROJECTS L. Balance Sheet t ... ~- l' II. i.. ~ II. t L. k .. L j, 1 II. l .. t, ~: .. ~ i.. t t ... i. ... 67 .. L ~ L. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (H) CAPITAL PROJECTS l Balance Sheet L, LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE 365,812 H600 47,~8q, L. RETAINED PERCENTAGES- CO NT PAY 34,190 H605 ~6,2?7 L BOND ANTICIPATION NOTES PAYABLE 3,104,000 H626 L DUE TO OTHER FUNDS 46 H630 660~00q, , L' FUND EQUITY UNRESERVED FUND BALANCE UNAPPROPRIATED L 707,784 H911 -78,834 L ;' L. L L l L L L L 68 0: t ... L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 .. (H) CAPITAL PROJECTS l Results of Operations , DETAIL REVENUES AND OTHER SOURCES L. INTEREST AND EARNINGS ~, L. OTHER SOURCES INTERFUND TRANSFERS SERIAL BONDS L BANS REDEEMED FROM APPROPRIATIONS o H5710 207,000 H5731 L " L. t" f .. l r. .. Ii .. L L I; ... I L. L.. 69 L , L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 L. (H) CAPITAL PROJECTS L Results of Operations L DETAIL EXPENDITURES AND OTHER USES FISCAL AGENTS FEES, CONTR EXPEND 0 H13804 ENGINEER- EQUIP & CAP OUTLAY 221,105 H14402 L BUILDINGS- EQUIP & CAP OUTLAY 2,599 H16202 OTHER GEN GOVT SUPPORT- EQUIP & CAP OUTLAY 118,462 H19892 ~ GARAGE- EQUIP & CAP OUTLAY 206,382 H51322 .. p"P SEWER ADMINISTRATION- EQUIP & CAP OUTLAY 4,661 H81102 L SANITARY SEWERS- EQUIP & CAP OUTLAY 108,190 H81202 SEWAGE TREAT DISP- EQUIP & CAP OUTLAY 2,225,170 H81302 1\ SOURCE SUPPL Y PWR & PUMP- EQUP & CAP OUTLA 11,883 H83202 ~ DRAINAGE- EQUIP & CAP OUTLAY 364,141 H85402 .. I 1,880 150,949 2,645 155,000 .~ """- "" 11,873 15,950 290,354 7,395 675,069 ~; .. TRANSFERS, OTHER FUNDS L I o H99019 195,575 L I. L L L. , L ... 0: ill. 70 ... ~: .. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 i L. (H) CAPITAL PROJECTS L Results of Operations ~ .. ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR PRIOR PERIOD ADJ.- INCREASE IN FUND EQUITY PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY RESTATED FUND EQUITY - BEG OF YEAR ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES FUND EQUITY - END OF YEAR -109,295 H8021 3,624,278 H8012 o H8015 3,514,983 H8022 455,394 3,262,593 707,784 H8029 L. L. ~ ~ ill Total Fund Equity includes reserved and unreserved fund balance in governmental funds, or retained earnings or fund equity for proprietary funds. Adjustments to beginning fund equity resulting from a correction of a prior year's accounting error should be reported as a prior period adjustment. r:, L .. Ii. l.. {' ... .. I .. f &. ! . i... i.. E' ... 71 .... 707,784 2,427 710,211 717,645 1,506,690 -78,834 L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 L (T A) AGENCY L Balance Sheet M' L- ~- I. ~ L ;, c' ~ .. .. t ~- .. i .. i. " i.. , I II. t II. L ~: ... ~~ ... 72 w ... L TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 I .. (TA) AGENCY L Balance Sheet LIABILITIES AND FUND EQUITY ... DUE TO OTHER FUNDS i, L. LIABILITIES AND FUND EQUITY GROUP INSURANCE GUARANTY & BID DEPOSITS L. OTHER FUNDS SPECIFY ~ .. .. L .. '- ~ i. f t II. L '- ~, I ... 73 , H i. k L. t .. (K) GENERAL FIXED ASSETS f:, Balance Sheet II. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 ASSETS ... LAN D BUILDINGS IMPROVEMENTS OTHER THAN BUILDINGS .. MACHINERY & EQUIPMENT L. " I- I. f: .. .. L. ~, L. .. t ... t .. L L L. L. L. 5,129,650 K101 6,197,705 K102 2,900,677 K103 2,600,246 K104 5,284,650 6,197,705 2,892,058 gt630,993 74 L. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 1, II. (K) GENERAL FIXED ASSETS L Balance Sheet l INVEST GENERAL FXD ASSETS-OTHER i... .. f: ~ ~ i.. J ... ~:, ... L.. ,I; i. I, I. L l L. .. 75 R .. ~ L ~f ! i. TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (W) GENERAL LONG-TERM DEBT ~.. ... Balance Sheet i.. ASSETS AMTS TO BE PROV FOR LONG-TERM 23,470,734 W125 , .. L. L ~ i: .. l f! ... I... .. I ... L I i. L. L. 76 L. o ... ~ TOWN OF WAPPINGER ANNUAL UPDATE DOCUMENT For The Fiscal Year Ended 1997 (W) GENERAL LONG-TERM DEBT L Balance Sheet t: .. LIABILITIES AND FUND EQUITY LANDFILL CLSOURE & POST CLOSURE COMPENSATED ABSENCES ~, .. " L ! L ARCHIVED 700 RESERVES W899 l L .. .. III 1 ... L. L ~ .. t... ... 77 t... L. TOWN OF WAPPINGER Statement of Indebtedness For The Fiscal Year Ended 1997 IT, ~ L. Water and Other Purposes Exempt From Constitutional Debt Limit L L Bond NO.1 - EDPCODE Amount Month and Year of Issue 9/1/71 Current Interest Rate 5.00000 Outstandinq Beqinninq of Year 2P18671 19,800 Issued Durinq The Fiscal Year (do not include renewals here) 2P18673 0 Paid Durinq The Fiscal Year (do not include renewals here) 2P18675 6,600 Outstandinq End of the Fiscal Year 2P18677 13,200 Final Maturity Date 9/1/99 Bond NO.2 Month and Year of Issue 2/1/73 Current Interest Rate 5.00000 Outstandinq BeQinninQ of Year 2P18671 21,000 Issued Durinq The Fiscal Year (do not include renewals here) 2P18673 0 Paid Durinq The Fiscal Year (do not include renewals here) 2P18675 3,000 Outstanding End of the Fiscal Year 2P18677 18,000 Final Maturity Date 2/1/03 Bond NO.3 Month and Year of Issue 3/1/74 Current Interest Rate 5.80000 Outstandinq Beqinninq of Year 2P18671 248,500 Issued Durinq The Fiscal Year (do not include renewals here ~ 2P18673 0 Paid Durinq The Fiscal Year (do not include renewals here) 2P18675 35,500 Outstandinq End of the Fiscal Year 2P18677 213,000 Final Maturity Date 2/1/03 Bond NO.4 Month and Year of Issue 5/1/77 Current Interest Rate 5.37500 Outstandinq Beqinninq of Year 2P18671 1,683,000 Issued Durinq The Fiscal Year (do not include renewals here) 2P18673 0 Paid DurinQ The Fiscal Year (do not include renewals here) 2P18675 210,000 Outstandinq End of the Fiscal Year 2P18677 1,473,000 Final Maturity Date 12/1/04 L L L L L 1 ... ~ L. l L L g .. L I ... I.. 78 o ~ ~ .. TOWN OF WAPPINGER Statement of Indebtedness For The Fiscal Year Ended 1997 .. Water and Other Purposes Exempt From Constitutional Debt Limit L Bond NO.5 - Month and Year of Issue 5/1/78 Current Interest Rate 6.10000 Outstanding Beginnina of Year 2P18671 69,700 Issued During The Fiscal Year (do not include renewals here) 2P18673 0 Paid Durina The Fiscal Year (do not include renewals here) 2P18675 34,850 Outstanding End of the Fiscal Year 2P18677 34,850 Final Maturity Date 5/1/98 Bond NO.6 Month and Year of Issue 12/1/85 Current Interest Rate 7.75000 Outstandina Beainning of Year 2P18671 278,450 Issued During The Fiscal Year (do not include renewals here) 2P18673 0 Paid During The Fiscal Year (do not include renewals here) 2P18675 25,850 Outstanding End of the Fiscal Year 2P18677 252,600 Final Maturity Date 12/1/05 Bond NO.7 Month and Year of Issue 5/1/87 Current Interest Rate . 6.30000 Outstanding Beginning of Year 2P18671 148,800 Issued During The Fiscal Year (do not include renewals here} 2P18673 0 Paid During The Fiscal Year (do not include renewals here) 2P18675 24,800 Outstanding End of the Fiscal Year 2P18677 124,000 Final Maturity Date 5/1/02 Bond NO.8 Month and Year of Issue 8/1/91 Current Interest Rate 6.50000 Outstanding Beginning of Year 2P18671 1,010,000 Issued During The Fiscal Year (do not include renewals here) 2P18673 0 Paid During The Fiscal Year (do not include renewals here) 2P18675 60,000 Outstanding End of the Fiscal Year 2P18677 950,000 Final Maturity Date 8/1/11 l .. L. t .. L l! I.. ... ~ .. i .. L. L L L .. ,\ ... 79 L. L TOWN OF WAPPINGER Statement of Indebtedness For The Fiscal Year Ended 1997 ... Water and Other Purposes Exempt From Constitutional Debt Limit ~ ~ .. Bond NO.9 - Month and Year of Issue 11/1/92 Current Interest Rate 3.00000 Outstandina Beainnina of Year 2P18671 5245,000 Issued Durino The Fiscal Year (do not include renewals here) 2P18673 0 Paid Durina The Fiscal Year (do not include renewals here) 2P18675 270,000 Outstandina End of the Fiscal Year 2P18677 4,975,000 Final Maturity Date 9/1/12 Bond No. 10 Month and Year of Issue 12/1/94 Current Interest Rate 5.63500 Outstandino Beoinnina of Year 2P18671 8,005,000 Issued Durina The Fiscal Year (do not include renewals here) 2P18673 0 Paid Durina The Fiscal Year (do not include renewals here) 2P18675 340,000 Outstandina End of the Fiscal Year 2P18677 7,665,000 Final Maturity Date 5/1/15 Bond No. 11 Month and Year of Issue 5/1/95 Current Interest Rate 6.00000 Outstandina Beainnina of Year 2P18671 2,515,000 Issued Durino The Fiscal Year (do not include renewals here) 2P18673 0 Paid Durina The Fiscal Year (do not include renewals here) 2P18675 105,000 Outstandinq End of the Fiscal Year 2P18677 2,410,000 Final Maturity Date 11/1/15 Total Bonds Amount Outstandina Beainnina of Year 19 244,250 Issued Durina Fiscal Year . 0 Paid Durinq Fiscal Year 1,115,600 Outstandina End of Year 18,128,650 ~ .. L '. i. ~ ... ... k k .. La ~:: .. t L L. l L L b L.. L 80 l I II. TOWN OF WAPPINGER Statement of Indebtedness For The Fiscal Year Ended 1997 l Water and Other Purposes Exempt From Constitutional Debt Limit ~ .. Bond Anticioation Note No. 1 - EDPCODE Amount Month and Year of Issue 7/1/96 Current Interest Rate 4.25000 Outstandina Beainnina of Year 2,604,000 Issued Durino The Fiscal Year (do not include renewals here) 0 Paid Durina The Fiscal Year (do not include renewals here) 638,000 Outstandina End of the Fiscal Year 204 67 1,966,000 Final Maturitv Date 7/1/97 Bond Anticioation Note NO.2 Month and Year of Issue 9/1/96 Current Interest Rate 3.96000 Outstandina Beainnino of Year 200,000 Issued Durina The Fiscal Year (do not include renewals here) 0 Paid Durina The Fiscal Year (do not include renewals here) 200,000 Outstandina End of the Fiscal Year 204 67 0 Final Maturitv Date 7/1/97 Bond Anticioation Note NO.3 Month and Year of Issue 7/1/97 Current Interest Rate 3.87000 Outstandina Beainnina of Year 0 Issued Durino The Fiscal Year (do not include renewals herel 2,166,000 Paid Durino The Fiscal Year (do not include renewals here) 1,966,000 Outstandina End of the Fiscal Year 204 67 200,000 Final Maturitv Date 7/1/98 Total Bond Anticioation Notes Amount Outstandina Beainnina of Year 2P18661 2,804,000 Issued Durino Fiscal Year 2P18663 2,166,000 Paid Durina Fiscal Year 2P18665 2,804,000 Outstandina End of Year 2P18667 2,166,000 I L. , L. L l L. k I. I I .. l t, I. L. l L L % .. t I.. 81 ~ ... L. TOWN OF WAPPINGER Statement of Indebtedness For The Fiscal Year Ended 1997 v t~ ... Indebtedness Not Exempt From Constitutional Debt Limit ~; Bond No. 1 - EDPCODE Amount Month and Year of Issue 9/1/71 Current Interest Rate 5.00000 OutstandinQ BeQinninQ of Year 2P18771 130,200 Issued DurinQ The Fiscal Year (do not include renewals here) 2P18773 0 Paid During The Fiscal Year (do not include renewals here) 2P18775 43,400 OutstandinQ End of the Fiscal Year 2P18777 86,800 Final Maturity Date 3/1/99 Bond NO.2 Month and Year of Issue 3/1/74 Current Interest Rate 5.80000 OutstandinQ BeainninQ of Year 2P18771 101,500 Issued Durina The Fiscal Year (do not include renewals here) 2P18773 0 Paid DurinQ The Fiscal Year (do not include renewals here) 2P18775 14,500 Outstandina End of the Fiscal Year 2P18777 87,000 Final Maturity Date 3/1/03 Bond NO.3 Month and Year of Issue 5/1/77 Current Interest Rate 5.37500 Outstandina BeQinninQ of Year 2P18771 117,000 Issued Durina The Fiscal Year (do not include renewals here1 2P18773 0 Paid Durina The Fiscal Year (do not include renewals here) 2P18775 15,000 Outstandina End of the Fiscal Year 2P18777 102,000 Final Maturity Date 5/1/04 Bond NO.4 Month and Year of Issue 5/1/78 Current Interest Rate 6.10000 Outstandina Beainnina of Year 2P18771 30,300 Issued Durina The Fiscal Year (do not include renewals here) 2P18773 0 Paid Durina The Fiscal Year (do not include renewals here) 2P18775 15,150 Outstandina End of the Fiscal Year 2P18777 15,150 Final Maturity Date 5/1/98 I. l ! t ... L L ~ t. \i ~.. .. Ii . .. ~ .. l t ... k t.. j II. L L L. 82 (~ I ... L TOWN OF WAPPINGER Statement of Indebtedness For The Fiscal Year Ended 1997 .. Indebtedness Not Exempt From Constitutional Debt Limit L Bond NO.5 - Month and Year of Issue 12/1/85 Current Interest Rate 7.75000 OutstandinQ BeQinnina of Year 2P18771 381,550 Issued Durina The Fiscal Year (do not include renewals here) 2P18773 0 Paid DurinQ The Fiscal Year (do not include renewals here) 2P18775 34,150 Outstandina End of the Fiscal Year 2P18777 347,400 Final Maturity Date 6/1/05 Bond NO.6 Month and Year of Issue 5/1/87 Current Interest Rate 6.30000 Outstandina Beainnina of Year 2P18771 61,200 Issued Durina The Fiscal Year (do not include renewals here) 2P18773 0 Paid Durina The Fiscal Year (do not include renewals here) 2P18775 10,200 Outstandina End of the Fiscal Year 2P18777 51,000 Final Maturity Date 5/1/02 Bond No. 7 Month and Year of Issue 8/1/91 Current Interest Rate 6.50000 Outstandina Beainnina of Year 2P18771 1,710,000 Issued Durina The Fiscal Year (do not include renewals here) 2P18773 0 Paid Durina The Fiscal Year (do not include renewals here) 2P18775 105,000 Outstandina End of the Fiscal Year 2P18777 1,605,000 Final Maturity Date 8/1/11 . Bond NO.8 Month and Year of Issue 10/1/94 Current Interest Rate 6.00000 Outstandina Beainnina of Year 2P18771 1,415,000 Issued Durina The Fiscal Year (do not include renewals here) 2P18773 0 Paid During The Fiscal Year (do not include renewals here) 2P18775 45,000 Outstandina End of the Fiscal Year 2P18777 1,370,000 Final Maturity Date 10/1/14 Total Bonds Amount OutstandinQ BeQinnina of Year 3,946 750 Issued Durina Fiscal Year 0 Paid Durina Fiscal Year 282,400 Outstandina End of Year 3,664,350 , ~: '- .. l L. L ~ ... .. fii l, ... t .. j ... l L L Ii' I ... 83 it: ... F ... TOWN OF WAPPINGER Statement of Indebtedness For The Fiscal Year Ended 1997 ... Indebtedness Not Exempt From Constitutional Debt Limit L Bond Anticioation Note No. 1 - EDPCODE Amount Month and Year of Issue 0/0/00 Current Interest Rate 0.00000 Outstandinq Beqinninq of Year 2P18761 0 Issued DurinQ The Fiscal Year (do not include renewals here) 2P18763 0 Paid DurinQ The Fiscal Year (do not include renewals here) 2P18765 0 Outstandinq End of the Fiscal Year 2P18767 0 Final Maturity Date 0/0/00 Bond Anticioation Note No.2 Month and Year of Issue 0/0/00 Current Interest Rate 0.00000 OutstandinQ BeQinnina of Year 2P18761 0 Issued Durinq The Fiscal Year (do not include renewals here) 2P18763 0 Paid Durinq The Fiscal Year (do not include renewals here) 2P18765 0 OutstandinQ End of the Fiscal Year 2P18767 0 Final Maturity Date 0/0/00 Bond Anticipation Note No.3 Month and Year of Issue 7/1/96 Current Interest Rate 3.98000 Outstandinq Beqinninq of Year 2P18761 300,000 Issued Durinq The Fiscal Year (do not include renewals here 1 2P18763 0 Paid Durinq The Fiscal Year (do not include renewals here) 2P18765 300,000 Outstanding End of the Fiscal Year . 2P18767 0 Final Maturity Date 7/1/97 Bond Anticioation Note No.4 Month and Year of Issue 7/1/97 Current Interest Rate 3.93000 Outstandinq Beqinninq of Year 2P18761 0 Issued Durinq The Fiscal Year (do not include renewals here) 2P18763 270,000 Paid Durinq The Fiscal Year (do not include renewals here) 2P18765 0 OutstandinQ End of the Fiscal Year 2P18767 270,000 . Final Maturitv Date 7/1/98 l , Ii ... #, L. L L. L. F i. L }i L. ~ .. L l 'llI l E ... L. 84 .. Ii. TOWN OF WAPPINGER Statement of Indebtedness For The Fiscal Year Ended 1997 ~ Indebtedness Not Exempt From Constitutional Debt Limit ... ******************************************************************************************************************************************* ******************************************************************************************************************************************* 1', ... ... Total of All Indebtedness Includes Total of Bonds and Notes - Exempt and Not Exempt & Ii. Outstandin Be innin of Year Issued Durin Fiscal Year Paid Durin Fiscal Year Outstandin End of Year 26,295,000 2,436000 4,502,000 24,229,000 .. ~ II. L. .. L k .. l L L I .. ... 85 .. ~ L .\ & .. Sanitary Sewer 81 .. L i. .. ... .. I. L. L. l ~ L 5 ... L ... Water 83 TOWN OF WAPPINGER Indebtedness by Purpose For Capital Notes and Bond Anticipation Notes Exempt From Constitutional Debt Limit Tax Increment Financing 20 86 Exempt From Debt Limit Date of Issue or Latest Renewal MMJDD/YY 0/0/00 ~ TOWN OF WAPPINGER Statement of Indebtedness Schedule for Reporting Variable Rate, Discounted, andlor Negotiated Bonds & Notes Fiscal Year Ended 1997 .. Ii. f.: L. EDPCODE Type of Debt Instrument: 1 for a Bond, 2 for Bond Anticipation Note, 3 for Other Notes Amount of Issue i Type of Sale: L. Credit Rating Which Organization Rated The Issue: Date of Issue Month, Day, and Year of Final Maturity ... Local Finance Law Section 11 Subsection Authorizing Issuance Purpose of Issue: Type of Interest Rate: Ii. Interest Rate on Date of Issue Par Value Premium and Accrued Interest ~ &. Amount of Sales/Total Proceeds Less: Cost of Issuance Original Issue Discount Underwriters Discount Letter of Credit Liquidity Facility Other Costs of Issuance Total Costs of Issuance Net Proceeds Available for Purpo.se of Issue 6PKOD it ... 6PPR 6PTOS 6PDT 6PDM 6PPU 6PPOI 6PTIR 6PIR 6PPV 6PAI 6PSTP L. 6POID 6PUD 6PLC 6PLF 6POCI 6PTC 6PNP l i. % ... I. i. I. I. i . ~; L '!{ . ... Ii. 87 L CCODE AMOUNT o 010100 010100 0.00000 o o o o o o o o o o ~ .. I .. ... .. ~ L. .. L I, t.. L ! II. L. L ~ L. ... ... , L.. TOWN OF WAPPINGER Schedule of Securities for Collateralization For The Fiscal Year Ended 1997 General Municipal Law Section 10 as amended by chapter 708 Laws of 1992 lists the types of securities which may be pledged for collateralization. Please click in the response box next to the type(s} of securities used by banks as collateral for your deposits. YES 1. Obligations issued by the United States of America, an agency thereof or a United States sponsored corporation or obligations fully insured or guaranteed as to the payment of principal and interest by the United State of America, an agency thereof or a United States government sponsored corporation. NO 2. Obligations issued or fully guaranteed by the international bank for reconstruction and development, the Inter-American Development Bank, the Asian Development Bank and the African Development Bank. NO 3. Obligations partially insured or fully guaranteed by any agency of the United States of America, at a proportion of the market value of the obligation that represents the amount of the insurance or guaranty. YES 4. Obligations issued or fully insured or guaranteed by this state, obligations by a municipal corporation, school district or district corporation of this state or obligations of any public benefit corporation which under a specific state statute may be accepted as security for deposit of public moneys. NO 5. Obligations issued by states (other than this state) of the United States rated in one of the three highest rating categories by at least one nationally recognized statistical rating organization. NO 6. Obligations of Puerto Rico rated in one of three highest rating categories by at least one nationally recognized statisti.cal rating organization. NO 7. Obligations of counties, cities, and other governmental entites of another state having the power to levy taxes that are backed by the full faith and credit of such governmental entity and rated in one of the three highest rating categories by at least one nationally recognized statistical rating organization. NO 8. Obligations of domestic corporations rated in one of the two highest rating categories by at least one nationally recognized statistical rating organization. NO 9. Any mortgage related securities, as defined in the Securities Exchange Act of 1934, as amended, which may be purchased by banks under the limitations established by federal bank regulatory agencies. NO 10. Commerical paper and bankers' acceptances issued by a bank (other than the bank with which the money is being depositied or invested) rated in the highest short-term category by at least one nationally recognized statistical rating organization and having maturities of not longer than sixty days from the date they are pledged. NO 11. Zero-coupon obligations of the United States government marketed as "Treasury Strips". NO 12. Letters of Credit. NO 13. Surety Bonds 88 I. TOWN OF WAPPINGER Schedule of Time Deposits and Investments For The Fiscal Year Ended 1997 L OTHER THAN RESERVE FUNDS CASH: l On Hand Demand Deposits Time Deposits Edpcode Amount 9Z2001 9Z2021 9Z2011 Total o 2,420,975 o 2,420,975 L. COLLATERAL: - FDIC Insurance L. - Securities Located: (1) In Possession of Municipality (2) Held By Third Party Custodial Bank (3) Held By Trading Counter Partner 9Z2014 100,000 l 9Z2014A 9Z2014B 9Z2014C o 2,562,259 o it ~ .. INVESTMENTS: - Securities (450) *Book Value (cost) *Market Value at Balance Sheet Date *Securities Located: (1) In Possession of Municipality (2) Held by Third Party Custodial Bank (3) Held by Trading Counter Partner L - ~~~~~c~:~uee~~~~~)ments (451) *Market Value at Balance Sheet Date *Securities Located: (1) In Possession of Municipality (2) Held by Third Party Custodial Bank (3) Held by Trading Counter ~artner 9Z4501 0 9Z4502 0 9Z4504A 0 9Z4504B 0 9Z4504C 0 9Z4511 2,853,110 9Z4512 2,985,780 9Z4514A 0 9Z4514B 2,985,780 9Z4514C 0 'i{ i. .. L. L. L I .. t .. L L l.. .. 89 l.. L. TOWN OF WAPPINGER Schedule of Time Deposits and Investments For The Fiscal Year Ended 1997 RESERVE FUNDS Edpcode Amount ... CASH (All Reserve Funds): COLLATERAL: - FDIC Insurance " - Securities Located: .. (1) In Possession of Municipality (2) Held By Third Party Custodial Bank (3) Held By Trading Counter Partner 9Z2301 0 9Z2311 0 9Z2321 0 Total 0 9Z2324 0 9Z2324A 0 9Z2324B 0 9Z2324C 0 On Hand i. Demand Deposits Time Deposits ~.. L. .. .. INVESTMENTS: - Securities (450) *Book Value (cost) *Market Value at Balance Sheet Date *Securities Located: (1) In Possession of Municipality (2) Held by Third Party Custodial Bank (3) Held by Trading Counter Partner L~ - Repurchase Agreements (All Reserve Funds) (451) *Book Value (cost) *Market Value at Balance Sheet Date *Securities Located: (1) In Possession of Municipality (2) Held by Third Party Custodial Bank (3) Held by Trading Counter Partner ; .. 9Z4521 0 9Z4522 0 9Z4524A 0 9Z4524B 0 9Z4524C 0 9Z4531 0 9Z4532 0 9Z4534A 0 9Z4534B 0 9Z4534C 0 l L ~ .. ~. I: .. ~ ~ L L L L 90 L. L TOWN OF WAPPINGER Investment Certification For The Fiscal Year Ended 1997 ... .. DEFINITIONS: Repurchase Agreemen! - A generic term for an agreement in which a government entity (buyer-lender) transfers cash to a broker-dealer or financial institution (seller-borrower); the broker-dealer or financial institution transfers securities to the entity and promises to repay the cash plus interest in exchange for the same securities or for different securities. L. l Reverse Repurchase Agreement - An agreement in which a broker-dealer or financial institution (buyer-lender) transfers cash to a government entity (seller-borrower); the entity transfers securities to the broker-dealer of financial institution and promises to repay the cash plus interest in exchange for the same securities or different securities. ~ INSTRUCTIONS: A "1" in the amount field = YES ,"2" = NO ! " III RESPONSE EDPCODE AMOUNT 1) Has your local government adopted an investment policy as required by General Municipal Law, Section 39? .. YES 9ZPOL Y ... 9ZINV2 1 9ZREPOY L. 4) Do You Engage In Reverse Repurchase Agreements? NO 9ZRVREN 2 L Name Title Phone Number " i.. ~ f La ~i .. , ... ~; ... 91 .. L This Form Must Be Completed Unless These Financial Statements Will Be Audited By An Independent Public Accountant .. TOWN OF WAPPINGER BANK RECONCILIATION For The Fiscal Year Ended 1997 .. Include All Checking, Savings and C.D. Accounts Bank Add: Less: Adjusted Account Bank Deposits Outstanding Bank Number Balance In Transit Checks Balance $0 $0 $0 $0 Total Adjusted Bank Balance $0 Petty Cash $0 Adjustments $0 Total Cash 9ZCASH * $0 Total Cash Balance All Funds 9ZCASHB * $3,530,116 * Must be equal ~. .. ... L '- .. li:. ... L , i. I.. l ~ L. ~ .. ! '- '- i\ i ... 92 ... , L. '- TOWN OF WAPPINGER Real Property Tax Levy and Related Information Current Year Tax Levy and Collections Counties, Cities, Villages. and Westchester County Towns For The Fiscal Year Ended 1997 k II. Taxes on Roll Add: Relevied Taxes , Add: Other .. Total Taxes and Other Items on Warrant Deduct: Cancellations and Adjustments Deduct: Other .1.. Total Taxes and other items to be collected Deduct Total Taxes and Other Items Actually Collected Uncollected Taxes and Other Items 6,081,601 o o 6,081,601 (0 ) (0 ) 6,081,601 (B) (0 ) (A) 6,081,601 f;; II. Tax Collection Performance (A Divided By B) Nearest Hundredth PerCent Amount 0.00 ~ .. ~ Current Year 1997 Prior Years Total A300 Taxes Re- ceivables Pending o o o Analysis of Uncollected Taxes and Other Items - By Year A320 A330 Tax Sale Property Certificates Acquired For Taxes o o o o o o Other o o o Total o o o .. .. L l L t.. L .. II. ~; ... 93 .. L. TOWN OF WAPPINGER Local Government Questionnaire Fiscal Year Ended 1997 EDPCODE 9ZACO ... 1. Will or have the financial statements for your local .. government be independently auditeg? i L (If yes response = 1, If no response = 2) "!. If answer to question 1 is yes the following will be provided L.Name of Auditing Firm SEDORE.O'SULLlVAN.LETTERIO&BARSCI-9ZIAC Address of Auditing Firm Street 62 E. MAIN ST N .... City WAPPINGERS FALLS State and Zip Code NY 12590 L. Does your local government participate in an insurance pool with other local governments? (If yes response = 1, If no response = 2) t .. 9ZL Y31 ~ .. L I.. L ~ L L. . I ... ! ... ~. .. .. 94 l. .. RESPONSE 1 2 ~Iaims Pending -Beginning of Year L\ Claims Other Than CodefendanUThird Party 9ZTR15 . Claims Involving CodefendanUThird Party 9ZTR10 I ~ l ... ~ 'Ius: ~otices Filed DuringYear Other Than CodefendanUThird Party *Involving CodefendanUThird Party &-c fl: l.ess: - Claims Disposed of During The Year ~. Prior To Commencement of Court Action: L * By Locality * By Insurance Carrier ii - Claims Disposed of During The Year , After Commencement of Court Action: ... * By Locality * By Insurance Carrier L : ~~h~~dgement 9ZTR30 9ZTR31 9ZTR40 9 9ZTR41 9ZTR50 9ZTR51 9ZTR60 9ZTR61 9ZTR70 9ZTR71 9ZTR80 9ZTR81 TOWN OF WAPPINGER Notice of Tort Claims For The Fiscal Year Ended 1997 TOTAL Number of Claims EDPCODE NUMBER 9ZTR25 9ZTR20 i-quais: Llaims Pending - End of Year .Claims Other Than CodefendanUThird Party 9ZTR95 l Claims Involving CodefendanUThird"Party 9ZTR90 , " ir. M;. ill e ill L L ~ L. ... L. 95 TOTAL Amount of Claims EDPCODE AMOUNT 4 2 9ZTR 16 9ZTR11 $157,000,000 5 4 9ZTR26 9ZTR21 $3,560 $3,560 $2,000,000 2 3 9ZTR96 9ZTR91 $155,000,000 ~Iaims Disposed of During Year After Commencement of Court Action: I: ' By Locality ill By Insurance Carrier * By Judgement Ii ., Other I- # This is the Number of Claims (Column 1) disposed of during the year where the settlement was determined in 1.'ccordance with the relative culpability of each party pursuant to an itemized decision or jury verdict and where the amount L'as greater than the municipality's equitable share, The municipality's equitable share i,s to be entered in column 2. ## This is the amount paid by the municipality which is greater than the municipality's equitable share in accordance LVith the relative culpability of parties pursuant to an itemized decision or jury verdict. Notice of tort claims report prepared on 1/26/98 by h II. .. f'i L;laims Disposed of During Year Prior To Commencement of Court Action: , * By Locality L: By Insurance Carrier ... -Claims Disposed of During Year After ':;ommencement of Court Action: ~, '; 'By Locality .... By Insurance Carrier .. ,* By Judgement L Other '- L TOWN OF WAPPINGER Notice of Tort Claims For The Fiscal Year Ended 1997 EDPCODE Amount Paid on Claims 9ZTR32 9ZTR42 $1,971 EDPCODE Column (1) Number On Claims # Column (2) Municipality's Equitable Share EDPCODE 9ZTR54 9ZTR64 9ZTR74 9ZTR84 9ZTR56 9ZTR66 9ZTR76 9ZTR86 1 EDPCODE Column (3) Amount Paid On Claims Column (4) Amount Paid Greater Than Municipality's Equitable Share ## EDPCODE 9ZTR52 9ZTR62 9ZTR72 9ZTR82 9ZTR58 9ZTR68 9ZTR78 9ZTR88 $1,971 CONNIE D"ERRICO NAME 66 MIDDLEBUSH RD SUITE 200 WAPPS FL NY 125 ADDRESS i ~( ill. CLAIMS SUPV/MARSHALL&STERLlNG TITLE (914)297 -1700 PHONE NUMBER j .. ... I ... i.. 96 L '- TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31,1997 II.. Summarv of Accounting Policies ~ The Town of Wappinger, New York ("the Town") was incorporated in May 20,1875, under the provisions of the State of New York. The Town operates under a Town Board form of government, consisting of a Supervisor and four Councilmen/woman. The Supervisor serves as the Chief Executive Officer and as the Chief Fiscal Officer of the Town. L ~. .. The Town provides the following services: highway maintenance, water, sewer, planning, zoning, building and safety inspection, lighting, and culture and recreation. L The financial statements of the Town have been prepared in conformity with generally accepted accounting principles (GAAP), as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. I .. 1. The Reporting Entity l ; Ir. The Town, for financial purposes, includes all of the funds and account groups relevant to the operations of the Town of Wappinger, New York. The financial statements include organizations, functions and activities that are controlled by or dependent upon the Town. Control or dependence is determined on the basis of budget adoption, taxing authority, funding and appointment of the respective governing board. r .. 2. Fund Accounting L ~ Ir. The accounts of the Town are organized on the basis of funds or account groups, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for by providing a separate set of self-balancing accounts, which are comprised of each fund's assets, liabilities, fund equity, revenues and expenditures. Government resources are allocated to and for individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. The various funds are grouped, in the financial statements in this report, into four generic fund types and two broad fund categories, as follows: F. L L. Governmental Fund Types fi L. General Fund ! ... The General Fund is the general operating fund of the Town. It is used to account for all financial resources except those required to be accounted for in another fund. L 1 L L I .. Special Revenue Fund I; ~ .. Special Revenue Fund is used to account for the proceeds of specific revenue sources (other than special assessments, expandable trust or major capital projects) that are legally restricted to expenditures for specified purposes. I Ii. Capital Projects Fund \, F .. This fund is used to account for financial resources to be used for the acquisition and construction of major capital facilities. L Fiduciary Fund Types Trust and Agency Fund L. Trust and Agency Fund is used to account for assets held by the Town in a trustee capacity, or as an agent for individuals, other governments, and/or other funds. Agency funds are custodial in nature (assets equal liabilities), and do not involve measurement of results of operations. ~ l 3. Property, Plant and Equipment, and Long-Term Liabilities ... The accounting and reporting treatment applied to property, plant and equipment and long- term liabilities associated with a fund are determined by its measurement focus. All governmental fund types are accounted for on a spending "financial flow" measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. Their reported fund balance (net current assets) is considered a measure of "available spendable resources." Governmental fund operating statements present increases (revenues and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of "available spendable resources" during a period. l l I, Il. Property, plant and equipment used in governmental fund type operations are accounted for in the General Fixed Assets Account Group, rather than in governmental funds. No depreciation has been provided on such property, plant and equipment. L L. All property, plant and equipment are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated property, plant and equipment are valued at their estimated fair value on the date donated. L The Town has adopted the accounting policy of not capitalizing "infrastructure" general fixed assets (roads, bridges, curbs and gutters, streets and sidewalks, drainage system, lighting systems and similar assets) that are immovable and of value only to the Town. L Long-term liabilities expected to be financed from governmental fund types are accounted for in the General Long-Term Debt Account Group, not in the governmental funds. .. 2 ... ~ '- ... The two account groups are not "funds." They are concerned only with the measurement of financial position. They ar~ not involved with the measurement of the results of operations. l Special reporting treatments are also applied to governmental fund prepaid expenses to indicate that they do not represent "available spendable resources", even though they are a component of net current assets. Such amounts are offset by fund balance reserve accounts. L. I.. Because of their spending measurement focus, expenditure recognition for governmental fund types is limited to exclude amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities. They are instead reported as liabilities in the General Long-Term Debt Account Group. it; 1. i ... 4. Basis of Accounting '- Basis of accounting refel"s to when revenues and expenditures are recognized in the accounts, and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. 1. All governmental and expendable trust funds are accounted for using the "modified accrual basis" of accounting. Their revenues are recognized when they become measurable and available as net current assets. All major revenues are susceptible to accrual. ~ ... t. Expenditures are generally recognized under the "modified accrual basis" of accounting when the related fund liability is incurred. Exceptions to this general rule include: (1) accumulated unpaid vacation, sick pay, and other employee amounts which are not accrued; and (2) principal and interest on general long-term debt which is recognized when due. L 5. Budgets L" t ... L The Town employs a formal budgetary accounting system as a management tool. During the year, a budget was adopted and modified by the Town Board for the General Fund and Special Revenue Fund. However, for the Special Grant Fund, which is part of the Special Revenue Fund, and the Capital Projects Fund, no budgetary controls were established or adopted. Unused appropriations of the annually budgeted funds lapse at the end of the year. I.. 6. Cash and Investments L Cash includes amounts in demand deposits as well as short term investments. State statutes govern the investment policies of the Town. Special time deposits and certificates of deposit not covered by Federal Deposit Insurance, must be collateralized by the banking institutions with investments governed under state statutes. { L.. F; ... 3 t ,t .. ~.. .. .. The cash and investments of the Town at December 31, 1997 are as follows: i. L.. SPECIAL GENERAL REVENUE FUND FUND CAPITAL TRUST& PROJECTS AGENCY FUND FUND TOTAL ~ non-interest bearing acct -0- -0- i. interest bearing acct 526,901 405,465 1,149,829 338,780 2,420,975 it. US Gov't securities 1,272,392 707,486 873,232 -0- 2,853,110 i. TOTAL 1,799,293 1,112,951 2,023,061 338,780 5,274,085 l~ .. , . I. I. 7. Accumulated Compensated Absences t .. L. It is the Town's policy to permit employees of the Highway Department to accumulate a limited amount of earned but unused vacation and sick leave, which will be paid to employees upon separation from the Town's service. Other Town employees accumulate unused compensated absences. However, such earned, but unused compensated absences, must be used during this period of employment with the Town. No payment will be made upon separation from the Town's service. , ... I. In government and fiduciary funds, the cost of vacation and sick leave is recognized when payments are made to employees. A long-term liability of $253,187 of accrued vacation and sick leave at December 31, 1997, has been recorded in the General Long-Term Debt Account Group of Accounts, representing the "Town" commitment to fund such costs from future operations. L.. ;; L 8. Pension Plans L. The Town employees are covered by the New York State Employees' Retirement System. Membership is mandatory for certain employees and optional for others. In accordance with the Retirement and Social Security Law, a participating employer cannot withhold membership in the Retirement System from any employee who desires to join. ti ... 4 j: .. ~ L. L All general employees employed in a full-time position who commenced employment after July 26, 1976, are mandatory members. A full-time position is one in which the employment is on a 12-month per year basis with a working week of not less than 30 hours and the appointment is not temporary or limited to a temporary period of less than one year. ; '{; I. Generally, all employees appointed to either a competitive class position or a non-competitive class position before July 27, 1976 are also mandatory members. Annual deficiency contributions for all employers account for less than ~ % of the total contributions made to the Systems. L L. 9. Property Taxes L L The Town submits an approved budget to the Dutchess County Commissioner of Finance by December 5th of the previous year. The Town collects the taxes on behalf of the Town and County through August 31st. The Town's portion of the taxes is recognized and transferred prior to the County's portion. Therefore, the Town receives its entire tax, leaving the unpaids to the County Commissioner of Finance. I ... 10. Long-Term Obligations L Long-Term Debt is recognized as a liability of a governmental fund when due, or when resources have been accumulated in the debt service fund for payment early in the following year. For other long-term obligations, only that portion expected to be financed from expendable available financial resources is reported as a fund liability of a governmental fund. The remaining portion of such obligations is reported in the General Long-Term Debt Account Group. L 1 IIa 11. Reserves of Fund Equity L The Town records indicate that a portion of the fund equity is legally segregated for a specific future use. The following details the d,escription and amounts of the reserves used by the Town: i .. BALANCE AT DECEMBER 31,1997 i L. General Fund - B L Designated for Inspection Fee Designated for Downstream Drainage $ 330,000 199,864 t &.. TOTAL $ 529,864 I L. 5 L L Ii.' .. 12. Allowance for Uncollectible Accounts ... Allowance for Uncollectible Accounts are not reflected in the Special Revenue Fund. Past due accounts after one year are placed on the county tax rolls for collection, and reimbursed to the Town as they are put on the tax rolls by the County. # ... Interfund Receivables and Pavables t ~ The following is a summary of amounts due from and due to other funds as of December 31, 1997 f t .. DUE TO DUE FROM ~ ... General Fund Capital Projects Fund Special Revenue Fund Water Fund Sewer Fund Trust & Agency Fund $ 689,838 l $ 660,000 $ 9,838 $20,000 L. TOTAL $ 689,838 $ 689,838 p' III General Fixed Assets Account Group L The following is a summary of changes in the General Fixed Assets Account Group for the year ended December 31, 1997. ! ill La BALANCE December 31,1996 BALANCE December 31, 1997 ADDITI 0 NS(Deletions) l .. Land $ 5,129,650 $ 155,000 $ 5,284,650 Buildings 6,197,705 - 0 - 6,197,705 Improvement Other than Buildings 2,900,677 8,619 2,892,058 Machinery and Equipment 2,600,246 183,323 152,576 2,630,993 TOTAL $16,828,278 $338,323 $161,195 $17,005,406 ! L ~ i.. 6 III. { '- .. BOND ANTICIPATION NOTES PAYABLE 1M Bond Anticipation Notes Payable are renewed annually and are not to exceed five renewals, except for water and sewer improvements which may be renewed for the life of the improvement not to exceed twenty years. I, ... The Bond Anticipation Notes outstanding as of December 31, 1997 are as follows: ! .. AMOUNT OUTSTANDING AT DECEMBER 31 1997 PURPOSE ISSUE DATE INTEREST RATE ORIGINAL AMOUNT OF ISSUE L ~ ~ .. L l Water Sewer A fundi Building TOTAL 7/11//97 7/11/97 3.87% 3.87% 273,425 1,892,575 273,425 1,892,575 7/11/97 3.93% 270,000 $2,436,000 270,000 $2,436,000 L. The following table summarizes the Town's future debt service requirements as of December 31, 1997: ~. .. Year Ending- Date SERIAL BONDS Principal Interest. La 1998 1999 2000 2001 2002 2003-2007 2008-2012 2013-2015 1,443,000 1,413,000 1,388,000 1,413,000 1,438,000 6,348,000 6,280,000 2,070,000 1,314,955 1,235,799 1,156,919 1,076,724 993,823 3,758,333 1,815,368 194,893 l f, ... ~ TOTAL 21,793,000 11,546,814 ~. La ... " II. 7 '- it. SERIAL BONDS PAYABLE .. The Serial Bonds Payable, as of December 31, 1997, are as follows: AMOUNT ORIGINAL OUTSTANDING L ISSUE- INTEREST AMOUNT AT PURPOSE DATE RATE OF ISSUE DECEMBER 31.1997 WATER $ 66,000 5,200 t SEWER 104,000 8,000 , .. DRAINAGE 1,125,000 86,800 09-01-71 5.0% 1,295,000 100,000 I. WATER 36,800 7,200 SEWER 55,200 10,800 i. 02-15-73 5.0% 92,000 18,000 WATER 400,000 96,000 ~. SEWER 500,000 117,000 i' iii. DRAINAGE 375,000 87,000 03-01-74 5.8% 1,275,000 300,000 Ii WATER 2,630,000 689,000 .. SEWER 3,005,000 784,000 ri DRAINAGE 400,000 102,000 ~, 05-01-77 ~.375% 6,035,000 1,575,000 lira " WATER 330,000 20,850 iii. SEWER 222,000 14,000 DRAINAGE 239,400 15,150 05-01-78 6.10% 791,400 50,000 L. WATER 148,070 73,200 Ii SEWER 362,000 179,400 .. TOWN HALL 700,000 347,400 12-01-85 7.75% 1,210,070 600,000 ~, ~ SEWER 364,500 124,000 ... TOWN HALL RE-EV ALUATION 373,000 -0- MACHINERY AND EQUIPMENT 207,000 51,000 i. 05-01-87 6.3% 944,500 175,000 , WATER 824,400 580,000 f, it. SEWER 528,000 370,000 DRAINAGE 2,192,600 1,605,000 08-15-91 6.5% 3,545,000 2,555,000 .. SEWER/LINES 6.264% 6,060,000 4,975,000 11-12-92 EMERGENCY SERVICE I.. BLDG 10-01-94 6.0% 1,500,000 1,370,000 SEWER PLANT 12-15-94 5.635% 8,519,786 7,665,000 & SEWER PLANT 06-01-95 5.275% 2,610,054 2,410,000 La TOTAL SERIAL BONDS PAYABLE $33,877,810 $21,793,000 8 ~ II. i.. L k I .. NOTE: i.. The Town of Wappinger will be borrowing monies to fund several projects in 1998 II. $155,000 to reimburse A Fund for Purchase of Land 550,000 to close landfill at Castle Point ... 740,000 to construct water lines from Village of Fishkill to Fleetwood Water District .. The Town of Wappinger will enter into contract with the Village of Fishkill to supply water for the Fleetwood Water District in the Town. .. t ... L. ~ L ~ II. ~. ... I .. ~ ... J.'. .. ~ Ii. 9 .~ 1i! I II.