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2003 AUD . All Numbers in This Report Have Been Rounded To The Nearest nnll~r ANNUAL FINANCIAL REPORT UPDATE DOCUMENT For The TOWN of Wappinger .. County of Dutchess For the Fiscal Year Ended 12/31/2003 **********F*..~"'A.,********""'A""""""~."""""."""".............A..........v........4......***.~.........,-*k***** AUTHORIZATION .A.RTICLE 3, SECTION 30 of the GENERAL MUNICPAL 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 *** .. 5. All reports shall be certified by ttle 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 dl!ty of the Incumbent officer at the time such reports arc required to be flied with the Comptroller to file such ieport *** State of NEW YORK Office ot Thf-: ~tC1toComr;;~r~~lIcr Division of l.ocrl Gcv6rr.m8r~t Servi::.p,s and ~co"omic Devo!upment Alba~y, New '!ork 12ne .. F1.Joe "; ., TOWN OF Wappinger *** FINANCIAL SECTION *** 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 2002 and has been used by the OSC as the basis for preparing this update document for the fiscal year ended 2003: ., (A) GENERAL (B) GENERAL TOWN-OUTSIDE VG (CD) SPECIAL GRANT (DB) HIGHWAY-PART-TOWN (FX) WATER (G) SEWER (H) CAPITAL PROJECTS (K) NON-CURRENT GOV ASSETS (PN) PERMANENT (SL) LIGHTING (SM) MISCELLANEOUS (SS) SEWER (SW) WATER (TA) AGENCY (V) DEBT SERVICE (W) NON-CURRENT GOV LIABILITY All amounts included in this update document for 2002 represent data filed by your government with OSC as reviewed and adjusted where necessary. *** SUPPLEMENTAL SECTION *** The Supplemental Section includes the following sections: 1) Statement of Indebtedness 2) Schedule of Securities for Collateralization 3) Schedule of Time Deposits and Investments 4) Investment Certification 5) Bank Reconciliation 6) Local Government Questionnaire All numbers in this report will be rounded to the nearest dollar. ... ... Page 2 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (A) GENERAL Balance Sheet .~f~i.li.f~M~Hf!~~~!~!~!~f:~f:~tr~~~~~:~~~~~~~~~:~~~~~~t~!~f!r~!t~:~:~!~:~!~!~!~!~t~~~:~~~~~'r~t~rr~~:::~~~~~:~~~!~!~:t~f?:~:~!~:~~t:t::~:~~M:t'~~~~ff:~!~:~~~~~~~~~M~~~~~~~t~:~~~~~~t~~t~:~f~~mw~~~~~~~~~~~~~~~~~~~~:~~~~~~~M~tt~~t~WtE$li:'&li~~~~~W~~~~~~~~~~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:::I~::l ......................................................................................................................................................................... .................................. ....................... ....................................................... Assets Cash In Time Deposits 576,281 A201 413,182 Petty Cash 800 A210 800 Investments In Repurchase Agreements 0 A451 0 .. Accounts Receivable 58,083 A380 38,448 t9II::iiI~r:~i~~~i!.~::~~~:::::::::~~~~::~::::::::::::::::!::::!::::::::~:::::::::::::::~::~:~:~~::~:~::~:::~:::::::::::::::::::::::::::::::::~::::::::::::~:::I:::::::::~::::::::::::::::::::~::::~::::::::~:~:::::!,:::~:::~:::::::::::::~:::!::!:::::::::::::::::::::::::::::::::::::::::::ii:~g:::!::::::::~:::::::::::~:::::::::::::::::::.......::::~:::::~il.l~:::: State & Federal, Other 218,121 A410 234,108 t9Ii':I!~,:i~~::f~~it!:g::.~i~i'=~~:~::!:::::::::::::::::~:::::::::::::::~:::::~:~:::::::::::::~::::::::~::::::::::::::::::::::::::::::::::::::::::~~:~~~:~~:~::~:~~!~:::~::::::::::::::::::::::::::::::::::::::~::~:'::~::::~~~~:~:::::~~~~~:~~~:~~:::!~~!i:11~~:::::::::::::::::::::::~:::::::::::::::::::~~::~:!~::::::::::::::~::~:::::11i"&::: Due From Other Funds 38,432 A391 256,086 t9Ii~i:PH~::ffgM:Erif.::::~'~::~:::::~:~:::::::::::::::::i:~:::~::::::::::::::::~::~:::~:~:~:::::::::::~:::::::::::::::!I::::::::::::::~::::::::::~::::::::!:!::::::::::::::::::::~:~:::::::~~:~:~:~::~~~:::~:::::~:::::::::::::::~::::::i:::!:i:i::~:~::::i:~::::~::i:~::~~::~~:~:~~:~~~:1i:11:I::::::::::::~:~:::::~:::~::::i:::::::::::i::::::~i::!i::~:::~:::~:::~:~::~~::::::I~~~I: Prepaid Expenses 8,659 A480 14,500 T.Qr.W(~~l~)W.P'e~ll~~: ::.:i.::.::?{(:: :}::::::i:::::::.,:.J: .::::. ::t.:ri:;=:::.::::::::::::::}:;..::i:(...::\..::::.~/::::::::::::::::::::::}:::::.:::\\:::::::.:::::::::::::::~:::::~::::::~:::::::::!;:~:t::r::::::~:,:.:::~::i:::::\:.:(i...."~~~: :.i:.:::::;::. ...::;::. :./i::~.:: .::j .:m:::::::::~::::::i::~:::::::::::Mi~I:::~ !BtIB::~i"I:~::~~:~:::::~:~:::::::::::::::::::!:::::::::::!~:::~~:~~::::::::j::::::::::j!!:!i:::!~:~~:~~:~~::~~::~~:~~~::::I:::!:::::::j:::::::::::::i!:~:::~:!:!~:~:~::~::~::~i:::::::::::::::::::I::::!::::~:I~:::~::::i::~~:~::~:::::::::::::::::::::::::::::i::::::::::~:::~:::~:::::::::i:::j:::I!::::::::::j:::::::::::::::::::::::::!Mir!::~::::i:~i:::::~:::;i::::::::::::::::::::::::::::::::::::~:::::i::::::::::::::::::::::::::lr~~3ij:: .. .. Page 3 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (A) GENERAL Balance Sheet .. . .. Page 4 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (A) GENERAL Results of Operation IWMHWijjf4'iittt:[:[:t[:[:[t=t[tttttt:i:i:[:[:[:[:::[@tJ[t:i:[:[:[:i:i:tt[:m:[:ttt[t:tJttm:::tJttttJJJt[t:J[:[:ti:Jm:[:[:JJtttttt[ttHttt:[:t[:~ttttm=mUttiMtil@m.t[:H!ttt=[:[=[:t~1>>.$.t:[:tt:t:::1 Detail Revenues And Other Sources - Tax Collector Fees Clerk Fees Vital Statistics Fees Park And Recreational Charges Other Culture & Recreation Income .. Interest And Earnings 15 335 3,024 . .:. :..::\:: ::,: .\i\::.)ir ~~~M::: .. ... .. .".....,... ... ...... ........ ............ 100,000 1,214.748 10,020 8,504 - Page 5 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (A) GENERAL ., Results of Operation tl:M.~::~ij_:tt:tttt::::t::::t:tt~ttttt:tt~:::@:t~:tttt:ttttttttt:ttt:::ttff:tt::::@t:@:::::l:#::t:t~l:t::::::m:::::~t:tttll!t:t:tt:~:~::t::f:::::::::@tt~ijP.Q.li.l'ttmttfff:~f:~:::::~:~:f:M Detail Expenditures And Other Uses Legislative Board, Pers Serv Legislative Board, Contr Expend TOtAiJ L~i~ti~~:~~::: ..:\::~:::::t: ':'::'::/':.::.' .': '. Municipal Court, Pers Serv Municipal Court, Equip & Cap Outlay Municipal Court, Contr Expend A 10101 :',: Supervisor,pers Serv Assessment, Pers Serv Assessment, Equip & Cap Outlay - ... Page 6 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (A) GENERAL Results of Operation .. .. .. Page 7 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (A) GENERAL Results of Operation .. .. .. Page 8 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (A) GENERAL Results of Operation tMW~ijij_:~:~:~ttt:tt:tt~t:':@:ttt~:~:t~:~:~:~:~:~:'~:mt~ttt:t~:tt~tttt:ttt~ttlt~:::tt~:~:~:~t:~:::m:~:~:f~:~ttttttttt:~:ttt~ttttll:t~:~ttt:~t~~:t~:~ttntt~i.i;lIroMittmt:t~:~::t~~:~~r~':'~~~:~:rr:1 Detail Expenditures And Other Uses Debt Interest, Bond Anticipation Notes 990 A97307 0 TRitlf::piM:~~mm~f::::::::::::::::::::::::::::~::~::~~:::::::~::::~::~::::::::::::::::::::I:::::::::::::::::::~:::::::':::::::::::::::::::::::::::::::::~:::~:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::~:::::::~:::::::::::::::::::::::::::::::::::::::::::::::::~:::::::::~::::::::::::::::::::::~tfi!R~I:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: IB!f:~::iiil~~i~rm:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::~:::::::::::::::::::::t:::::r:::::::::::::':::::::::::::::::::::::::::::::~:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::':::::::::::::::::::::::::::::t:::::::::::::::::::::::::::::::::::::::!~1g;,g!:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: Transfers, Other Funds 59,625 A99019 ...................... .. -:::::::::::1$3:::102::: ::::::::::))(,:::::::,:/::::::::::/: J'&~~i.t1~: 4,000 .. I9t!f::mmr,II::!f'?~W~~::t::::::::::::::::'::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::t~:::::::::::::::t'::rr:':::::::::::::::::::::::::::::::::::::::::::::::::::::t::::::::::::::::::::::::::::::::::::::::::::::::::::2iOI::::::::::::::::::::::::::::::::::::::::::::::::::::::: .. ........::....... ;t.OOO Iqt~::em!~Ji1:il~:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::r:::':::~:::::::t::::::::~:::::::::::::::::::::::::':::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::~::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::~~:::::::::::::::::::g;,s!I:::::::::::::::::::::::::::::::::::::~:::::::::::::::::::::::::::':::::::::::::::::::::::1'=1 ]gtlf,.:Pill,f::~~ln~!~~f,,!:~Nn~l!r:HD~:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::'~::::::::::::::::::::::::::::::::::::::::::I::::::::::::::::::::::::':::::':::::::::::::::::!~1'1!~!I::::::::::::::::::::::::::::':::::::::'::::::::::::::::::::::::::::::::::::::::~.~"1!::: .. - Page 9 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (A) GENERAL Changes in Fund Equity ~i.I~~i!DDij.!:::t::::~:!=!tt:::t:ttttt:!tt:fftffffjtttt::::tlffffffff!:ff=ttttttttt:!!@fj=:::,j:ff!tttt:!:!:tttt!tI::m:ttt:::::!:::!:!g!tt:t!:trm::ta.~~?@'iiftmttt:::::r::~~f::tJtt:M ANALYSIS OF CHANGES IN FUND EQUITY ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES 750,453 750,453 3,202,036 3,214,850 737,639 737,639 737,639 3,123,839 3,033,919 827,559 .. .. .. Page 10 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (A) GENERAL Budget Summary 1~~::~~B.ttt:tttIttt:t::::t::::ttttttt::::::::tt:fItt:::::tll::::~~e.U$t:llttJM_I::~t:tl~::tt:M$.OOiijU~tttl!::ttt:mM.m~IDmt:ttj!t:Aj:i\.ii@if~mf:::::1 Estimated Revenues And Other Sources Est Rev - Real Property Taxes A 1 049B 1,324,037 1,324,037 0 Est Rev - Real Property Tax Items A 1 099B 55,000 75,650 20,650 Est Rev - Non Property Tax Items A1199B 0 0 0 Est Rev - Departmental Income A 1299B 23,000 23,500 500 Est Rev - Intergovernmental Charges A2399B 0 0 0 Est Rev - Use of Money And Property A2499B 146,390 158,890 12,500 Est Rev - Licenses And Permits A2599B 4,600 4,600 0 Est Rev - Fines And Forfeitures A2649B 147,500 117,200 -30,300 Est Rev - Sale of Prop And Comp For Loss A2699B 0 5,000 5,000 Est Rev - Miscellaneous Local Sources A2799B 1,000 1,000 0 Est Rev - Interfund Revenues A2801 BOO 0 Est Rev - State Aid A3099B 718,000 1,005,554 287,554 Est Rev - Federal Aid A4099B 0 0 0 ]9I~~::~!m.i~t~Ji!i!y.!~L . ........ . ....... ...... .. '::::::'::::::'::::::::::::::T:':::':::::::::r;::::::::::'}:::r:::::::::::::~(1~A%~/::r::. :.. :' ::....~,i1iAjj\.:::.:::::::::::::::::::::::::::/::~~;llQ::::r:::::r':::::::::'~~~r:1;i~~ Estimated -Interfund Transfer A5031 B 15,045 7,845 -7,200 0 Appropriated Reserve A511 BOO 0 0 Obligations Authorized A530B 0 0 0 395,307 Estimated - Proceeds of Obligations A5799B 0 0 0 0 Appropriated Fund Balance A599B 350,000 390,973 40,973 .. .. 1,291,802 55,000 180,000 88,000 o 160,000 4,600 132,500 o 1,000 o 958,800 .. Page 11 OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (A) GENERAL - Budget Summary ~ii.MW:i~i?liifrrrr~:~ttt:rrrrrrrrtj:~:~:rj~jtt@i@r~~rt~~trrnt~ml~~tllttj~Wl.I~~$~~rrjWttJ!&i.lf~j~ttM!ttt@o.ljf~t~@~?t~r~:mt;~ii.il1~i:f~~~~i1 Appropriations And Other Uses App - General Government Support A 1999B 1,335,595 1,606,464 -270,869 1,538,118 App - Education A2999B 0 0 0 0 App - Public Safety A3999B 36,455 33,490 2,965 34,910 App - Health A4999B 3,000 3,500 -500 3,000 App - Transportation A5999B 136,472 154,472 -18,000 159,592 App - Economic Assistance And Opportunity A6999B 1,225 1,225 0 1,225 App - Culture And Recreation A7999B 519,510 505,185 14,325 542,343 App - Home And Community Services A8999B 14,350 14,400 -50 105,514 App-EmployeeBenefits A9199B 352,200 405,748 -53,548 381,700 App - Debt Service A9899B 385,765 385,765 0 500,607 [9[~M*=pprw.m~~!W!:::~:Hi~:i:::iii:iiii::::;i:i:;i;i:i~::i::::~~I:~~~~i:j~::ii~:~::::j::::::::::::::i:r:::::::::::~::::::~:i:i::j::::~~;:::::i:i:::i:::::::::~:~:::j::::mtMI:t.~~i~ii::::~i:i::~~i:::i~:::::~:~:i~;:~::~;1,!iM~~j:::~~:~:;:::~::~ji:::i:~::i:~:::]!J!;!trj:::ii:::::iI:::~4.ft;!9!i: Other Budgetary Purposes A962B 0 0 0 0 App - Interfund Transfer A9999B 0 4,000 -4,000 0 - - Page 12 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (B) GENERAL TOWN-OUTSIDE VG Balance Sheet milllfl*MftpfimU:::::t,tttttH::::::'tttttt:::::::::::H:t:t:'::Wtr::::H::tt'tt::':tt:::::':tHH::::t::tttt::tt::::::::(HtHttHt:t:::(::I::ttlHmI:::::::HtH_tttttMlt::1tijjc.~mmm::tHttt~~t:t:,tr:::::l Assets Cash In Time Deposits 225,038 B201 8,180 353.428 B451 355,762 Investments In Repurchase Agreements Accounts Receivable 77,721 :::i::::::::::::::::ft~~~1: 378,825 ........................ . ......................... .................:l..'1..~.. "'8"2"'5" .... ......... . .' ~~~~~~~j~~~l~~~l~::::~:A:::::;::::::::: ~ :.:.~~~~: 265,450 . 60,444 B380 ..t......:...O::...:...::.....:~..:..::..A::.::........t....'....'.:.:.'.:Pt..:...::..:::........fl:......:..::.~.:..:..:.:..r:::...:::..:~..:.........:..~.:..:..:..:..~.:.....:..e::..:::...:,.:.:~.:::.:.:.:~...:....:..~.......:..:.......::..:::..:..:..$.:..:..:..':.:...(.:.~.:..:..:..:..'..:..:..:..:..~.:..t.........:.:..:.:..:.'..:..:....::......:..:..:..'.'.:.:..:..:..:......:.:..:..:..:.:.:.:.....:.:.:..:..t.:.:.:....:...:......:......:..:.:.:..:..:.:..:..:.:.....::.....:....:.::.. :.:-:.:.:.:.:.:.:.:.:.:.:.:.:::-:::..::::::::::::::-::::::::::. .:::::::.::,::,:::,::\{}{,:':.:::,:,?:,:",:/::/::::,.,::.::::::{:.:::.::,:::'.::. :..:....:..:.i....$o...:...:...:...~.......:...:..:...:.:.:...:...:.:....:...:.:...:...:.:....:...:.::.:.::.:....:.....::.:.:..:.::.:....:.::.:.:..:....:.'...::.:.'.:.:.':...:.:.' ....... ....,.... ........ :-:::::;:::::::::::::::::::::::;:;:;:::::::;:;:;:;:;:::::;::=;:;:;:;:;:;:::;:;:;:;:;:;:;:;:;:::;:;:::;:;:;:::;::::;: State & Federal Receivables 298,728 B410 t9t~f:.~~,,~,.i#F#:!$~'-:~'~~ilyt~!I........ ..... ............ ...... :.:::::::::::.::::::::::'::::::..:.::.:::::.:.:.....m:::::::::::.....:..::::.::::.::::.::.:::..:::::.::'::::.:,.:.:...:.:::::......:31~te.:: ......:..::..........:... Que From Other Funds 296,837 B391 ....... .... ................................................... .. .......... ................ .......... ... ..... ................................................... ........................... t9:t~F:tW![t6.~~)~W~.f:~~:::::::...:::::::.:::::..: .... ..:.:..:....:...>::::::..,:,......:...:..:..::...:.....::::.:::m:::::.:':.:.::.:....:.....:::::..:.'%%..::r.:m,::::.:.: ... ::::.:.'..:.:..:.~!~!~(..:::. ..... ......:.. ... ....... ...'::::::.:::~~n Prepaid Expenses 0 B480 1 ,999 .. .. Page 13 OSC Municipality Code 130386800000 ., TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (B) GENERAL TOWN-OUTSIDE VG Balance Sheet t.&lW~:IM~P.Jjm.ft~t:~::mmr:~::~~~t~:::::::::t:mttt:rtr::rttt~:tt:::t:::r:::~::ttr:::::::~:~r:::::::~~r:~::~::ttrt::::::::~t::tt:m::::~:t:m:rrtttMt:::::tt]Wtt~::}t:t~:'~::rttr:~:~~::tll~t:fi@@fm.:trHrrMr}::r:~:~::~~r::r:::~:::::t:::1 Liabilities And Fund Equity Accounts Payable ~f!!!~~!=~~i:=:~~*~~:::::r:::::::: - ., - Page 14 OSC Municipality Code 130386800000 . TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (B) GENERAL TOWN-OUTSIDE VG . Results of Operation ~lili:.~ijM:t::ttt:tttJt::tttttt::tttttt:::t:tttttttttttttt:tttt,t::tttt:ttttttttttttt:tttttttlltJttt::=tQ.~::tttttllJ:t~P.w.iijjttnt:tttt:i@~tt:tt::tl Detail Revenues And other Sources Real Property Taxes 0 B1001 0 r9[~RR~!:e@.P!rt~f~i*=~@:::::::':::::::::::::::::::::::::::"::::':::::::::::::::::::!::U::::::::::!:::!!!:::::::;::::::::,}::::::::::::::::::::::::::::::;:;::::::::::::...:,:.:.::,:::"::,?:,t::tII':'::::tr(,,:,:,,,\:,:!:'::::::;":::::::::::::i::P,:t':':'I!):::::::::::::::::::::::::,::::.....::::::/),tt:Im:: Sales Tax (from County) 990,564 B1120 1,077,710 Franchises 191,972 B1170 206,145 ... ....................... . ................... ...... ...... ..................... t9r.fit.:N9iff~#R~rb%r~!::!~~mK::::::::::::t..,..... ... . . .'::::,::::::rr:::::::::::::::::::::::::::::::::)!:::::::m?~i'!~m~:I:::::;:::::::::::::'::(::::::r:1;;AA~~~~~i Contributions, Private Agencies-Youth 12,980 B2070 20,610 Zoning Fees 5,550 B2110 8,530 Planning Board Fees 53,976 B2115 95,348 Refuse & Garbage Charges 26,816 B2130 28,320 TOTAL' p.~rt~n.tai l.~6~:.: :.... :":~:\:;::'::::":)::::::;:'::::.::::::?":::;:::::": ::':::,. ::: :::: .;.:..... ::::::::,:::,:,::::",:,:::;:::::,::::::: ",::!::::::::::/::::::::::::::::::::::::::::::::::::::r:::::::::@~~~:::::::::::::::::::::::::::::::::::::::::::::: ".::: .:):::::::::::'H!~9~::: Interest And Earnings 15,189 B2401 4,073 t9t!ijj}I::M:Mmmx::I~i::&~x:::::::::::::::::::::::::::'::',::::::':::::::':::::::::::::::::::::::::::::::::::':::::::::':::':::::::I':::::::::::::::::::::,:::::::!:::::::::!:::::::::::;::!:::;:::::::::::::::':::::::::':U':':::::::::':::::::':::':::::::::::::a:~a~::::::::::::,::::,:,:::::,:::::t:':::':::':::::::'::::::::::::::::::::::::::::,:!::::::::::::::I.~"t~:::/ Permits, Other 142,280 B2590 164,821 [9Ifflt)I~~~Am~.~r.':::::::':::':::::::::::::::::::::::::::::::::::::':':::::::::::::::::::::::::::::::m::::::::,:::::::::::I,:::,::::::::::::::::,::::::::::::::::::::::::::i:;::m::::::::::::::::::;:::::::::::::::;::::::::m:::I::::::::::::::::::::::::::::::::::::::U~I:I::::::::::::::::;::::::::::!:::::::::::::::::::.;:::::::::::m::::::::::::::::::::::;:::,iJ.l.!~,> Sales of Equipment B2665 229 Insurance Recoveries 220 B2680 0 IR'i)~ij:~N:~tffrgp!'Y::ln~::g_ne~!~~::fm::~ge:::::::::::!:::::::::::::::!::::!:::::::::::::::;:::::::::.:,.:::::::::::::::::::,:{:',}}:i:::;:::;:;:;:'::': :t::::::::::,::,::::::::~@:::: ;:;::: ;::::;:;:;; :.:'... ...... ,..(::::::=::::::;:::::::~~~:::' Refunds of Prior Year's Expenditures 1 ,985 B2701 0 Unclassified (specify) 3 B2770 9,169 !gf.~g:~iW!j~ij~~!:fl@::.#'iM:::::::::::::::::::::::::::::::::::::::::::'::::::::::::::::::::::::::::::::::::::::::::::::::::::'::::I:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::'::::::::':':::::::::::::::::':::::::::::::::::::=::::::::::::'i!M::::::::::::::::"::':::::::::m'::'::::::::::::::::;:::::':::::::::::::::::::::::::::::::::::!~11::: St Aid, State Revenue Sharing 50,000 B3001 119,526 St Aid, Other Aid (specify) 2,000 B3089 0 5t Aid, Other Aid For Public Safety 0 B3389 0 5t Aid, Youth Programs 8,517 B3820 7,204 19!4.ij::!W~!iM.i:::::::::::::::::::::::::':::::::::::::::::::::::::::::::::::::::::::::::::::,:::':::::::::::::::::::::::::::::::'::::::::~::::::::::::::::::::::::::::::::::::::::::::::::::::::':=::::::::::::::;::::::::::::::::::::::::;:::::::::!:::::;:j!:::::::::::::::::::::::::::::'::::i::'::::::::::::::j::':':::'::::::::::::::Il.~,t:::::::j:j:::j:::::::::::::j:::::::::::::::::::j:j::::::::::':::::::::::;::::::::::::::::':j~f.~!I::: t9[~R::I.I'n.ijAA:::::':::::::'::j::::::::::::::::r:::::::::::::::j:j:j::'::::::::::::::::::j::::::::::::::::::':::::::::::::::::::::::::::::::::::::::::::::::::::::::::::'::::::::::::::::::::::::::::::::::::::::::::::j:::::::::::::::::::::::::::::::::::::::::::::::j:'::::::::"::::::::::::::'::::::::::::::::M~~!f.l.Y@:::::::::::::::::::::::::::::::::':::::::::::::::fj::::::::::::::::::':::'::'::::::~:it,,~!!~::: r9!~':p.ilil.)!~ln~~My.li:.r:!iy~.:r::::::::::::::::::::::::::'::::::::::::::::::::::::~::',::::::::::::::::::r:::::::::::;::::::::':::::'::(::::::::::::::::':::::::::!:::::::::::::::::::::::::::::::::::::::::::::::::M~@w~,::::::::::::'r::::::'::::::::::::::::::::::::::::::::::::::::::::::r::::::::1:it11i.,-I::: .. - Page 15 OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (B) GENERAL TOWN-OUTSIDE VG .. ., Fire, Pers Serv Fire, Equip & Cap Outlay Fire, Contr Expend to.iAL.fir;e" ..::.::::.. ::.....:. . / ..:..::.:::.:.:< ::.::.: .... ..... Safety Inspection, Pers Serv Safety Inspection, Equip & Cap Outlay - Page 16 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (B) GENERAL TOWN-OUTSIDE VG Results of Operation 1#W~J1mMlJ.?:::=:=??it:::!=:=i:??:::t:::!:!:!::tt::::ttt:?:::::::t:::!m!:!t:t::!=t!:!:::::::t:tm?:tt:::::??itt:!:::!::ttttt::::::::=?!t:tt:tm:=t:t:!:::!::t:::m!!::!:ttt:@1131~lMt:!:::::ttll=::::?a.l:ll$.Wlf!t:m?I?==:=t:~?t:ttmJ Detail Expenditures And other Uses Planning, Contr Expend B80204 14,732 32,442 9,135 1 ,428 o 1,121 63,197 o . ... .. Page 17 OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (B) GENERAL TOWN-OUTSIDE VG Changes in Fund Equity t<<l~::li$jijf:lmWWftf!~\~!t:fffflttttt:tffftt\tmffftttt\:ttffff\t:f!:\:\t:fit:tfttfftftffffffff!:fff\:::ff'lltff!~~:\tt~:tt:tt\t:lItt~J:ii%l~iWfUttff:::t:~$.ttt:\:!ti1 ANALYSIS OF CHANGES IN FUND EQUITY Prior Period Adj-Increase To Fund Equity 1,665,574 347 B8012 1,665,921 1,502,052 2,032,555 1,135,418 1,135,418 ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES 1,135,418 1,741,685 1,919,881 957,222 .. . - Page 18 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (8) GENERAL TOWN-OUTSIDE VG 8udget Summary jgi.!.W~lWll~m.tfrrrrrit:rrrjt~~:j~rrr~~~IiItrrrj~rjttttt:rj~mrlWt~r:!lrrj~p'ij~W!n?oo~~tt~Wt~rjM~_('t~mm~~rr~1!'r~~trpnJ.M&i~trrrjW~~:MMiIW~~~o.@fr~1 Estimated Revenues And Other Sources Est Rev - Real Property Taxes 810498 0 0 0 0 Est Rev - Real Property Tax Items 810998 0 0 0 0 Est Rev - Non Property Tax Items 811998 880,000 1,055,000 175,000 978,600 Est Rev - Departmental Income 812998 89,000 129,000 40,000 84,000 EsT. ReV. - Intergovernmental Charges 823998 0 0 0 0 Est Rev - Use of Money And Property 824998 12,000 3,800 -8,200 4,000 Est Rev - Licenses And Permits 825998 75,000 153,200 78,200 85,000 .. Est Rev - Fines And Forfeitures 826498 0 0 0 0 Est Rev - Sale of Prop And Comp For Loss 826998 0 0 0 0 Est Rev-Miscellaneous Local Sources 827998 0 0 0 0 Est Rev-Interfund Revenues 828018 0 0 0 0 Est Rev-State Aid 830998 50,000 50,000 0 0 Est Rev - Federal Aid 840998 0 0 0 0 ]9r~ig~,Ii!'#B'Y:m1y.~~~~::~::::::::~~:ii::~~::~~::~:~i:~i~i~I:~::::::::::~i:~::~:~::I:~~~~~~~:::~~iiii~~:~~~~i~:~:i::I:t~~:i:ii~:::~~~::::~:::i::I:::::::~:::~~:::ji1!f~9,9~f:~~~::::::::::::::::i:::::~~::~::~:::,,;~~j;~~:::::~::~::~~:i::::}:i:i~M8.@i~i~:'~1~';~9~:~ Estimated - Interfund Transfers 850318 0 0 0 0 Appropriated Reserve 85118 0 0 0 0 Obligations Authorized 85308 0 0 0 355,207 Estimated - Proceeds of Obligations 857998 0 0 0 0 Appropriated Fund 8alance 85998 545,403 558,296 12,893 ... ... Page 19 OSC Municipality Code 130386800000 .. (B) GENERAL TOWN-OUTSIDE VG TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Budget Summary ~~~~~~$.fl~tttttt:ttt:::ttttttttttt::~::t@ttttttttHt~4.1~~W~tHtt~~@liOO~m~~~:t:~~~m~~t~~:M~~~~l1mt:tmtttJ~I<<M~Mitttt~lnt~ijtjiMf$Wfll Appropriations And Other Uses App - General Government Support App - Public Safety App - Health App - Transportation App-Economic Assistance And Opportunity App - Culture And Recreation App - Home And Community Services App - Employee Benefits App - Debt Service T9ri~:~pprlf~~~!~fl~:::::::::::::::~:::::::J ...::.:.. ... ... ... Other Budgetary Purposes App - Interfund Transfer ~By~~:.mlr~I~:::~~'::::::::~:::~:::~::::::::::::::::..::. ..::.::: .....:........:. +~t~~~ppf9pffll~I,Hi!:~%tPm~f:QlfI~:~::::~:: .... .. .. .. B1999B 151,500 199,000 -47,500 151,500 B3999B 347,959 433,859 -85,900 364,367 B4999B 0 0 0 0 B5999B 28,000 24,050 3,950 28,000 B6999B 10,000 13,500 -3,500 26,000 B7999B 170,604 172,347 -1,743 160,646 B8999B 327,964 612,164 -284,200 304,348 B9199B 94,580 123,580 -29,000 124,498 B9899B 270,796 270,796 0 247,448 . ... ................. ::::::::::::::~:::::::::::::~~:11!~~1~t::::::J::~::::::J:~::~::::::::~::::';M~;~ij: ..' :::::~:::::~~:::::::::tlt;Mi:J:: :r:::m~~~iMt:: B962B 0 0 0 B9999B 250,000 100,000 150,000 100,000 ':::i.i.iiiiiilii!!!!!il!III!III!lil!I!I!liiil!I!111!1!1!!il!lil:I:lii!lilii!lilil:~~illll!iii:l!lil!I!I!I!1il!I!!!I!I!I!::!!I!i!i!~~II!IJ1!!il!!ii:i!:!i!I:!!i!iii:l!i:lililii!I~~I~!I!I:I:i!I:I!I:iiiil:l:lilii!I~~iliI~li Page 20 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (CD) SPECIAL GRANT Balance Sheet ~Ml.DMi100lil:/ttttfftf~rrrr:ff~:fff~:::t:,m~m::mt:,/:@r~fffffftfft:~fffff~::::mt~~~~t:r@ff:r:::f:t~~~:mt:~::f~tt:::fff~:lIr~f:t:f~:f~rrr~ft~m:~f:iNlt.-ilmffl~ftffff~~rt~:::tfil Assets Cash In Time Deposits 44,966 C0201 1,983 State & Federal Receivables o C0410 .. .. .. Page 21 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (CD) SPECIAL GRANT Balance Sheet ~il!tlM$lil.WM.ft:r:::::::::::::::::tt:rrr'ttt:rrff:tttttttt:::::rrrrr'?tttt::t:::::::trrrrrr::,:r::rrrr::r::r::::'tt:::rrrr::rll:tt:::::::::tit~i>>.:~:tttt:::::::::illf::J~@Wli$.':""J[:ttrfrj:~$.$.\rt::f:)t::'1 Liabilities And Fund Equity Accounts Payable ..................... ]9tfW::~#gy#:f:~:!,~!W~:::::::::: . .... .. .rr:}}::;}:::'?' .... ......:.:.:.:.. ..... ......... .. .::::.... ...':':':':':'::'::::::i:::::';:;<::..<.. ... Retained Percentages, Cont Pay 24,720 "................... ...................... ::':4Mt~ 1,296 o ................. ................. .............".. ..... ...:::::::.::::::::::::::::::;.:-:-:-:.:.:.:-:-:..:}??:=:::::::::=:::::::::::::.:::::........... \ll CD605 1,296 CD600 Due To Other Funds o C 0630 1 !9I~~f#.~i~m!~:A~~:f9n~::gqgi.~y::::::::::::::::::::::;::::::::::::::,::::::::::::::::;:;::;:::::::::::::::::;:::;:::;:;::::::::::::::::;::....:...............:::::,:;:;:;::;:;::i;:::;:;:::::::::;:;::::,:':'.:.'.'::::.:.. ::t:.~~:r.' .... ... ..:::... ... .... ... ..... ... ....... tm~~' ... ... ... Page 22 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (CD) SPECIAL GRANT Results of Operation t.MW~~~ij.fffffffrfffffffff~ttttt~ff:t~:t~:tt~rff:~:~:~f:t:::rrftfff:J~frfffff:tttf:tJtt:ffffff:Jm~:t::ttt:@~;!tffff:::m::::t~4wmij!H::fH:m:HfrrJ~l>>.~JJtJt:::l Detail Revenues And Other Sources Community Development Income 0 CD2170 0 Interest And Earnings 40 CD2401 81 Fed Aid, Community Development Act o CD4910 45,000 . Interfund Transfers 55,000 CD5031 o ......................................... ....................., '..........,...............................................,............................................................. T9!!:~:P!ihRiy#~~!~JmijJ),jfflM~9i@f~K. . ::::~:~:~:::::::::::::::::::::~:::::::::~:::r:~:::::::::::::::::::::::~::~::::mr::::~::::::~~~~:~::~~:::~::~~: ... ... ... .. .. ...... ::::M~!M:::::::::::::::::::~~( ...,-,.....-_....,.... rr~~~~!j, .. .. Page 23 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (CD) SPECIAL GRANT Results of Operation lij~ii:P.i~~f:lmWt???????t?tit:i:i'i:i:i:t???t???ittl:t??????itIlI:???i'i:till:tt?????i:?t?::??'Il'i:j,??t??ii?lf.t?t??j~????j:?Hl:?~i:llm~it:?H??t??G~<<@'??:ll:?jl Detail Expenditures And Other Uses Spec Proj For Elderly,equip & Cap Outlay ]B!~g:,ijiiim#.tf9r:g,~!~,y:'::"'::::::":::::'::::: ........ :::;::::::::::'::",:':):,,::,:':':,.;.;:::.... ]BlfifJi!gil::~~~i:Bgmm.:!.~M:L ....... ....... .. ... ...::::i:,:::::j::i:::: 36,086 CD86702 63,344 . .. .. .......... ............................. . .. ........................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . :::://::::':i"/rI/:/::////:::;~\@~:r,,:,,;;:: :::::::AA~~M' .......................,.......,............................. .................... ......................... ;',';;;;;::;,;:;;::;;';;,::::::;,;;;;::;:::;;;:::'::,;;:;:::::';;::;;;;;;:;';;;;;;;;';;:;:;;;0"8";:;:;;;:;::;;';'; ;.;.;.;.;.;.;.;.;.;.,.;.;.;.,.;.;.;.;.;.; ,::::::,=:::::,:",:,:r::::"::::;:';';:::::::::=:::=:::::::::r!L;::W:=:::::: .. ...... ..... ... ... .... ./!~~~; Transfers, Other Funds 176 CD99019 o .. t9[I~ii!iI"':~*~q~l,~~f"f~,~iigr;Hf:m{ .............................................................. ........:... :::.:. .:. .::::... ;,;",;:;:;:;,;,;:;,;,:":;,;,:,:,;,,,;,;,;,;,:,;,:,;,,:;,:,::,:;::::,:,:,:::::,:,:;::;@;,t~;t;:;,;,;",.;. ... ... .... .. ",."""""", ;::;::::::::,:,::::::,:,:::::::::,:::,::::=::::\:,:;=:::\\\;!::,:)::: :;::,@~~ .. .. Page 24 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (CD) SPECIAL GRANT Changes in Fund Equity Wimitti$J$.MMfffff1ttt:j:1tt:::::ff:tttttttt:1:j:t:t:f:::t::tttttt:f::fftff::jtt:fj:ffftfffftffft:tt:ffitt:fj:jtllt:tttt:::jOOlt~l::ttttMI:fJ~~m.;g@~tflWt:j:f:::tt~P~Jf:fffj:jt:::! ANALYSIS OF CHANGES IN FUND EQUITY ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES 172 172 55,040 36,262 18,950 18,950 18,950 45,081 63,344 687 .. .. .. Page 25 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (OB) HIGHWAY-PART-TOWN Balance Sheet IQOOMl.D.MtiPMi.Httttttttt://:::::::::tttt::tt::::t::::::t::ttt::tttttttt:::t:::::::::::::=tttttttt::ttt:/:tttttttt::://=tttll@:@ttt:/:~P!.:tttttMI:=t!W~Mm::tl!tt=//:::t~~/:::::tt:'::J Assets Cash OB200 Cash In Time Oeposits 300,692 OB201 106,433 Investments In Repurchase Agreements 0 OB451 0 Accounts Receivable 0 OB380 4,228 State & Federal Receivables OB410 472 .. Oue From Other Funds 0 OB391 0 Prepaid Expenses 0 OB480 4,275 .. .. Page 26 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (DB) HIGHWAY-PART-TOWN Balance Sheet ... OB691 ... ... Page 27 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (DB) HIGHWAY-PART-TOWN Results of Operation t.WiifP.illMIi$.~fffff~ttttJtit~~~:fff~J~fitt:::f::~:::fffffffffffff:tt:fff:tt::~:J~~~::ff~JJttJJJtJJJJJif~JJ~~H}JJJ~~t~p.~~~~~:::f::ff~Uff~1iMm%.iji~::~J~I!~ffffmg~mm~~~~~ft~J:j Detail Revenues And Other Sources Real Property Taxes 1,327,000 OB1001 1,530,825 I9I~qR~@~t9e!rtY:[D!M::r:~:~:~:::::ii:: ..... .. ..... . H ::... . .. ... ::::((::)(\~ ..... .....::.. ...:<:::::: )~m:~~:M]~~lijq9~::~~::~:~~:~~:::::::::::::~~~:~::~~~~:~::~~:~~~ .... .ff{1;~~~'~~ Transportation Services, Other Govts 1,471 OB2300 5,377 t9!mam!rQ9Y~mm~p~i~t9~&I~:~::::'i'i~:::::~~:::i:iiii::ii:::::::::::::::?::::...::... :.....:. :: ........:.......... ..... :r:l~4M::::::{:r~::::i:::t. ... .:..::.::..:.:...:....::!::!~.~if Interest And Earnings 14,171 OB2401 9,698 .. ... ......................................... ................. .. t9r.4~::Y~J~':M#.AAY:~~~::pt#@i'bi. ........:. .;:::?::::::......::::::::::::}:}:::~::::: .. ... .:... .:f~:a!at~::::::::::~:::::):::()ffi(~/'i\:~;~~~ Sales of Equipment 0 OB2665 116 . Insurance Recoveries 2,839 OB2680 578 1;pll.g:!,~ijHn:l.rR~~"y::Ar~:@Qmlrl~i9H::f9.f:~Ii.::~ ..... :::.:::.:<:::::::::::::::::i;::::;::~i::::: ....... :::::::::~~:::::::::Ji'~!:::::::::::S::~~:~:~:::::::::::::::: ........... H H... }~9.4: Refunds of Prior Year's Expenditures 1,678 OB2701 Unclassified (specify) 0 OB2770 59,996 t9IIMM~~i'Mp!9~':kiw.:~lw#:!,:::::~:~:::::::::::~:::~::~~:~:::::::::::~:~:~::::::~:!:::~::::::::::::::::~::::::::::~~:::::~::~:::~:::::::~:::~::::~:::::~::~:~.~::.~:~:~~::~:~:~:::::~:~:::::::~:::::~~~::I:::~~:::::::::::::::~:~:~~::~~~::::~::::::::::::j~~I:J::::~::::::I::::::::::::~~::::::~~:~:::~:~~::I:::.:::~:::::~::::~:~q:~~::~!~~f::~ St Aid, Consolidated Highway Aid 104,551 OB3501 104,536 St Aid, Suburban Hwy Improv Pro 0 OB3502 . . . . . .. .. .. . . . .. . .,. . ... . . . . . . . .. . . .. . .... ......... ........... ...... .... ... . . .. .. . .. IBr.4~::il~i:lf~(J::J~~~::~~:~::::::~:~~~::::~:~:~::~:::~:H::::::~::::::::: ..... ::::::::::i:i:i::i::::::}}:::::::< ..... ....... ... .:::::::::::~:rr:::::::::::(ii//:i)\:::):\~:::: ::j~~~::::!:::m:!::::::::::::::::::::~~:::::::!::~:::::::~~:~::~:::::~:~::::::::~~::~:::::J9'-1.~I~::: tqt~~Jliy,#M~~::~~~~~:~:::::::m:~::::r::~:~:::::::::~)):::?:\?)U::~::~:~::~::::::.::~:::::~:~:~:~~:~:~::!::!::~~~~~~:rI:~:::::~:~:~~~~~~:::::::::~~~:::~:~~~:::~:~:::~:::~::~~:::::::~:~:~::::::::~~:::~f:~:~!~:::::::~:::~:~:::::::::::::::!:::~!:::~::::~::i:~~~::~M:i1f:1~1=1~I~:~::::!::::::::::~:::::!~:~!:~::~::::::::::~::::U::::~:::.::::~::1i~~~*'I!: Interfund Transfers 538,797 OB5031 100,000 I9[j~Jilt~9,ij~::[f.#.rM~~J,::::!:::~:!:::~::::~~::::::!:!!!::::H::::::::~:~!::::~:::~~::::!:::::~~:::!::::::::~::~:::!::::~~:::::::~:~:~::::::!:::~!::~::::~::~::~::::~~::::::~:::::::~~:!!::::::::~~::::~::~:::::~~:~~::::~~~~:~~::::::::~~:::~:~::~~::::~:~~:::::~::::::::::::::::::::~~~t!!~:!:~:::::::~:::::::!:::::::::::~::~:!:~::::::::!:~?::::::::::::::~:~:::~::~::~:~:!H9~~~~~~ r~1iA,~ .~~~r~e~~~i.:::..H.:: .:: .. ::::: ::::::::::~:r!:::::::::::~~:::~::::::~~:i::.~:::::~:~:::~~~:::~~~::::~:::::~::~::::::::::::::::~:~::::::::::::::::::::::::::!::::::::::::::{::::::::::I~::::::::::::::::~::::~::::::~~:::~:::~::::::::::::::::~:~I~!!t:::~~~:~::::::::::::::::~:::~~~~::~:::::::::.!::::::::: ::~::::!:::~::::::M~~M~: tg!A@!~ml,!::s.,ifn.Y:!~::N!~mr:!~H.:::::::::::::::~!:::::::::::::::~:~:::::~~::::!::::::::::::~::::::::~::::::::::~:::::::::::::::::::~:~::::::::~::::::::::::~::::::::~~:::::::::::!:!:{::::~:::\~:~}:1#.l~9~!W!~~:::::::???~:~::::::\:?:\:?::H...::i::::::::ji!Mf:1~~::: - ... Page 28 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (DB) HIGHWAY-PART-TOWN .. OB51101 OB51104 State Retirement, Empl Bnfts Social Security, Empl Bnfts Worker's Compensation, Empl Bnfts Life Insurance, Empl Bnfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnft t9t~~}~~P:~I,~9.l,pl~:::::~m::::::::~~:::~::::::::::::::::~~::::::j::~:::::::::::/::~::~::::~~~::?::::::;:: Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes 321 12,038 OB97107 OB97307 .. .. Page 29 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (DB) HIGHWAY-PART-TOWN Changes in Fund Equity ~M~Jli$l$.m@f~f~~:~:t~:~):tttt~:~j~))ttttftttt)ftt)tttttt):tttttttt~:~t:~::tjt:t:tt~)jtt~jt~:tttt:f:t~))t)tjtmfttt):~~~tmtttt~lIttl$i:l~i@.,f:tUtt)tt)@i$.tt::~):~~~)~1 ANALYSIS OF CHANGES IN FUND EQUITY Prior Period AdJ.- Increase In Fund Equity Prior Period Adj - Decrease In Fund Equity 287,045 156 DB8012 o DB8015 287,201 1,990,507 2,114,760 162,948 162,948 16,000 o 178,948 1,811,126 1,887,134 102,940 ADD-REVENUESANDOTHERSOURCES DEDUCT - EXPENDITURES AND OTHER USES .. .. .. Page 30 OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (OB) HIGHWAY-PART-TOWN Budget Summary ~~!t@ii@l_rrrrrjJJtJJJ~rjJ~rrr~~:~rr::;;rj:rriJ:::r;JJI~m:F;f#.!it.~~jJHrr::Miliii~lj:~JJWJJ::~:~::rr:m:r:IJ;~lllfm~@$./rrrn:IA~*lmt~$.l.e:::1 Estimated Revenues And other Sources - Est Rev - Real Property Taxes OB1049B 1,530,825 1,530,825 Est Rev - Real Property Tax Items OB1099B 0 0 Est Rev - Non Property Tax Items OB1199B 0 0 Est Rev - Oepartmentallncome OB1299B 0 0 EsT. ReV. - Intergovernmental Charges OB2399B 1,500 1,500 Est Rev - Use of Money And Property OB2499B 10,000 10,000 Est Rev - Licenses And Permits OB2599B 0 0 Est Rev - Fines And Forfeitures OB2649B 0 0 Est Rev - Sale of Prop And Comp For Loss OB2699B 0 0 Est Rev - Miscellaneous Local Sources OB2799B 0 55,000 Est Rev - Interfund Revenues OB2801 BOO Est Rev - State Aid OB3099B 0 104,536 Est Rev - Federal Aid OB4099B 0 0 r9IA4Iiij\Ii~@::R,il~~~;~~~~::~::~~::::j::;;;;;;;;;::::::::;:;H~:::::::;I:::::;::::;I::::::~::::::::::::::I::;!::::::::::::::::::::::111~!1~i~!:~::::::I:I:::j::::;:::~::::::I!!:::::"it~1:iu1:;~:::~: Estimated - Interfund Transfer OB5031 B 250,000 100,000 Appropriated OB511 B 0 Obligations Authorized OB530B 0 0 Estimated - Proceeds of Obligations OB5799B 0 0 Appropriated Fund Balance OB599B 150,000 150,000 JPt~J~~i.~~~~:~9m!r:!9ijt~~:lt:?}:.. ...... ... .... .... .... ';::..::::::..:.:.::..~:,..:.~:,.:.I,,::...,.::.':::'.:.'1:.'..:.:::1:.1:,1:..:,.:.1:,1:.1:,..,..:.:""".:'".:.::,.:.::.:::...:...:.,,1:.1:,.,..':.:.'.:,1,...,.':..:':.:..::':.':,::.::,.:..:,1:.::,':.':'.::.::::":..:,....:..:...~~.:..;.:.:;::.~:::;.~:.D.:::.:,t.:.:.~~:;.:,:.~:Oo..;:::.;,;:;::.:,..::...:.::.:.::.:i:::;:.:.::1:..:,':.1:,.:.:...:.:::,1:..:,1:.::,.::.:1.::..::::.::::.~:.;::':.:::::..:,::.:.:.:.'::.:..':.::..::,.;:.::.:~..:~:;,..'....E.::';::,~:511.':;:':':=.l,G:.:,'.':,',::..E.:,;:::.:::;:::.:ll:=.l,.':.'.,.:.i..:'..I:..:.I:,.'::1:1:..:,1:..1:.':.::,1:.:::::.'::':';::'..:'::'::'::, X9f~f::~~ml~~:;Bti~~y~~lj\i~:D~f~9yifM;::}}:I~~"'~"~ '... ::. -. . - Page 31 OSC Municipality Code 130386800000 o 1,592,748 o 0 o 0 o 0 o 1,500 o 10,000 o 0 o 0 o 0 55,000 0 o 0 104,536 0 o 0 ...... ..{rAII9;~G;:? :::;:I!.I:~~~gf;D': -150,000 415,000 o 0 o 0 o 0 o 50,000 .........................................,.......... :@~~;m@;:::.I:~:!.~:~:~:~::::::;;:..,I;~~~ .... :j:r~i.M~:I:!I:::::jj:I::;:;:~;~jl~;~gi~~~:: - (OB) HIGHWAY-PART-TOWN TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Budget Summary ~i.llt@i~iWNtttittt:r:tttt:::{:ttt:titt:tr:::t?jttf:I{lIt:~i@~.mmtmtj:tmr.t~tt:lrft~:~~jIffi!JtttPlf@f:_t:ttltAij~$.l:mw.~'ii.ft:' Appropriations And Other Uses App - Transportation App - Home And Community Services App - Employee Benefits App - Oebt Service 19!iq:!p.pr;ij~"\Bij#:: Other Budgetary Purposes lnterfund Transfers OB5999B 1,455,000 1,447,036 7,964 OB8999B 0 0 0 OB91998 300,925 319,625 -18,700 0898998 186,400 185,200 1,200 ::::'.:::':::::::::::::::::"':\:::::::::::::\::::::::j::M!~~~g~:m:(:::1;M1:;~1jj:::!:::!:::::::U::{m:j::::::::ffl;!~~ 089628 0 0 0 0899998 0 0 0 .:::::::::::: .....: ",:::' ......: :::':::O::::::::\\::::::Q{):/::::t:::::::{}rrr r:::m&.:::?? i??o .:.:....:...:;.:.:.;.;::.::::::.::.j:::j::!::!!::j:j::'::::!1~!"~+~U:j::::::::'::::':j:::~;~~1:;M1::::::i'j::;::::::::::::::j::ii':';:::"::;:ffli.lij::::j.'::..~~~;~! - . . . . . . . . . . . . . . . . . . . . ... ... ..................... ~111:jlll~I~I~III~;II~~~::~~~~.I:I.....: - .. Page 32 1,504,250 o 342,362 222,636 ...........................-.... ::j::::::::::U~@@,;g~ OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Balance Sheet ~M@iM.#OOMt::tt:)::::'t:f)):t'))f)f)fff:::tt:)f':f)::f::)ffffitttttt:)):ttttt:))):':':':'t)t::ttf)tfff)'t')lIt,))ftt~1.tff:,:::t::':W,:t~<<lg<<ijt:m::):::::::tt'::~~:)))):t::1 - . ., Page 33 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Balance Sheet t.WWP.iJ@H_tttttMttttt::!::/rfJirtt,::tMtttitr:,:M:::rrtrrrr:t::tt,',:Mlt@ir:,::::@:rr:it:l::::::Mit:irr:t::::j::!:tj::,itm:,,:::,::::trrr::~~iftrt{ttmt::::mme.q~W:'i:tWtii'itt:(r~~ti'::!:i':::tt:m - .. ., Page 34 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Results of Operation tWit~_rm:rrrrm::J//J/~rrrrrm:rm:i/::J~::rrrr:~m:i//~~~m:::://~rm::~:~://~:~:~rm:rrrrrm:m:r:J/J:rm:r::r://~:::~m::::~:~r:UJ/~:///~~t:rrrm:n/ta.ijP.ml.AAtt1itJ:r~::~~::~::~OO:$.~r:::/::~:~r:~l .. .. .. Page 35 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Results of Operation IWmlt~Wmifffffff~@fffffff:~:~~~ff~~:~:~:::~ff~:~~tft:t~~tt:~tttt:fttt:~~tt~:~tf~ttttt~~~~:~:f:tt:~~:~:f~:f::fit:~:~::::t~fftl!tftt~t~ffit~::fWff~QRQ.Wit~:fm::::tf::f:~~~~f:~::f:~:~::f:1 .. ,. .. Page 36 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (FX) WATER Changes in Fund Equity ~l@i~:@iWlM~#rrr:f::f~:~:~:ffff~tr:ffffff:rJr:f~J:ff~:ff::::f~r@r::::Jr@IIfrrrrr:~rrJ:ffff~:~Ijj:ffffffff:Jrlltftt:JJ~ttfff?lIrr~~~M~rJ~:t:ffffr~m$.ttttt::::l ANALYSIS OF CHANGES IN FUND EQUITY o o o o o .. .. .. Page 37 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Budget Summary IAi.J;$$.1lMMrrrrrfrit::tt:rrrfrrfit:fi:it:fitt:fr:::lttnfl~~~:tm:rrQili.WM~t:rlrttMjM'\ilt~rrfl!ttrrp.~~~rit:rJ!itA~imWf~t::1 ... . ... Page 38 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Balance Sheet a~f~@.:r::r:::::r:::::r:::~rrr:':'::rrrrrr':r:rrr:n::::::r::::::rr::::rnrnnrnnnnr'f:nnrnnnr::nrrnr:rff,rr:=:==:rrrrrrn:nrrrrr~I;~1.trrrn:tWr:fijpt.if$r::m:::=:r=r::n::~:rrr==f=rl ... . ... Page 39 . TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Il:ii:lffb.ij~_itttt::::tt~:t~::tttittt::::ttt:::{ttjtttt::tt?:ttt::~~ttt~:t:tttttt~~tttt:??t:tt:?~~:tt~::t::ttt:::~:::lIt?ttttt:~~tt~tttttlltt:mJP.@i:fi.ttH?::tttttt~J.@tttt::t:t:::1 Balance Sheet .. . ., Page 40 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Results of Operation tW!fWij~@m!litt:rrrrr:t::tttftf'rrr,tfftt::::tfttttt:::rrttt:rr::::::rrrr:t::t:trr::::,t:r:f:tr::rrr,tt:r:::f:t::::::m:::tt::t:rlw.~:t:tt::::tHt'tSlW$iiit::mtt::r:::::tilm.tttlttJ .. . .. Page 41 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Results of Operation tWf.Jl@t~li$.mft::t:ttttttt:::::::ttt::t:::::tt::t:::ttttttttt:t::::::,::t::::mtt:tt::tt:t:::::::::::tt:ttf:ttttttt:::::::::tt:::tttm::ttttt~~::t:ttfdlf:t~gI$WiK:tHttt:,::t:::mmtmt:t::t:l .. . .. Page 42 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (G) SEWER Changes in Fund Equity P.B~tl;m.#.i.M#ftrr:t::::tt::tttt:rrrrr:t::::trrr:ttttttt:r::::r:tt::t:rtrr:t:::trrttrrt:tttt:r,:::trr::::::trr:tt:r:Ilrrrr:tt@lmrrr:,::ttlltt~~P.9.~mii:rm::t::rrrr~$.ttt:rrq ANALYSIS OF CHANGES IN FUND EQUITY o o o o o ... ... ., Page 43 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (G) SEWER .. Budget Summary t#.l~Iiim~i.if~)))))::::)ttt:ttttttttttt:tr:::~):ttt:mmm)~f#.!it.~~tlltt::pjlMW~:t::mt:~):MQI:OOe.t~:tt:~m~tttw.l<<m.iijMttt)j!t:'lijitJliiiW~OOit::~:1 Estimated Revenues And Other Sources Est Rev - Real Property Taxes G1049B 0 Est Rev - Real Property Tax Items G1099B 0 Est Rev - Departmental Income G1299B 0 Est Rev-Intergovernmental Charges G2399B 0 Est Rev - Use of Money And Property G2499B 0 Licenses And Permits G2599B 0 Est Rev - Sale of Prop And Comp For Loss G2699B 0 Est Rev-Miscellaneous Local Sources G2799B 0 Est Rev - Interfund Revenues G2801 B 0 Est Rev - State Aid G3099B 0 Est Rev - Federal Aid G4099B 0 [9iti~::g~iiffli~~~n~~~y~i:::::: ...... .. ':::::/::::::~::::~:::::::::::::::~::::::::::~~:~~~:~:~:::~::::::~::::::::~:::::::::::::~:~:::~:~::\:/::::::~:::::~\:~m::::::::/:::~::9:::::::::::: .. H' ........ . IF} ........... .::~::::::"" .;::if Estimated - Interfund Transfer G5031 B 0 Appropriated G511 B 0 Obligations Authorized G530B 0 Estimated - Proceeds of Obligations G5799B 0 Appropriated Fund Balance G599B 0 TQrAllestJmatea.~r$o.urC~$.:"H'::::::::::::':::~:::::::(::':::~:'iti'm:'i'i:::::~:):::::i:~:::~:~:~:);:)i:::(~:~(\:.::~::::~::~::::r::::~::::::::::::::::~::::~:::::::::~:::~::::r::::::Mi:~:::::::::::r::::::::::::::::::::::~:::::::~::::::::~:::: }ij: ~:..:.:..:::.':.n::.::..::..:~,..::..::,.'::.ft..:::.:..i:.'.::'::!:':":~":.'::".:~"':"::"::::.~i':..""":',::,.'::':::"~::'.':..'::.::~.:::.'::d.:::.::..::.::D:..::::.::.:,~..'::..:.:':...':.",~:.,::',.:.,.::,.:..u.:...,...........:...,......:...:.:.,......:.:.:...:.....:...:...:~...:..::.:::.~:.:..::..::.:::..::_:.:::.~::.~::.~::.L::..:.::::..s.:::..::..::;....::::..:.:::.u:.:::.::i.:.::::::;.....:::.:::.:::.::'..::::.:::.~:.::.::..::::.::~:.::::.~::...~:::.::::.~:~:.~:::.::..::~:::.::::.::::.::~:.::::.::~:.~:::.::.::.::.::.:::.:::.~:.::.~:.::.::.~:~:.::::.~:::.::~.: H H H H H H H H H.... H H H H.... H" H H H H" H .... H H H" H H .. ,,,,,"".. ...... "...... ""'C<:,..' __ ~.." v......: " .....'" r:::::::::::::::::::r:::::::::mr::/.' 0.... . : .:}:/:)t(?/:?:::::::m::::~n~:::::::::::::::::r::~::::::mt~:::::::::::::::~~:.......... H' '}It . .. Page 44 OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (G) SEWER Budget Summary IITiT" "'Ti" ....... ..... ....... ............... ........ ......... I.... ........... .... IFFn ..... ...... .... ..TFIITr!T...,;............... ....TiTr!In. .., ... "'~~;'~'~J~"rFFm"""" I...... .... ....... .....j[Fi'i'i' ........ ..... ... . TiTiT:J :::.~IM).~~p.l.mff~~t::::~:::~~~:~~~~t:~:~t::t:ff:::t~f::~~f:::::~:~~t:~~~~~r::~::::::~~~::::~::~:~~:::~f~~ ::::g~c.~t: ~~f~~~~~1_'~:~~~:~::::: ::ff:Mi)~~:iMt:r:: ::::::::~:~fO'lrf~t.~::f~r~~:. ~~fA~lm.tml::~:::::~ Appropriations And Other Uses App - General Government Support App - Home And Community Services App - Employee Benefits App - Debt Service G1999B G8999B G9199B G9899B o o o o Other Budgetary Purposes App - Interfund Transfer G962B G9999B o o - . - Page 45 OSC Municipality Code 130386800000 eo TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 .~j~~~ttt:t:ttt~t~::@tt~tt:tt~:~:~:::~tttttfttttf::jttt@t~:~tttjtttt:IIt:j::jjj::@t~jt:tt:t:t:t::@tt@tittt::tllt:ttttIm~tEI::I::I::@H::tt.:@$.~ji::Im:t~f:~::::::t~:ttrjtt::j (H) CAPITAL PROJECTS Balance Sheet Assets Cash In Time Deposits 5,011,262 H201 3,287,676 Cash Fiscal Agent 529,328 H223 477,987 Investments In Securities 0 H450 0 Accounts Receivable 0 H380 .. State & Federal Receivables 531,737 H410 717,494 !9II::Ii~i:I~::fiiwN:I~::Rl5i~~i,~f::~~::::::::::j:~~::::::::::::~~:::~::::~:::::::::::~:::::::::::::::::::::::::::~:::::::::::::~:::~:~::::::::::::::::~~:::::::::::::::::~:::~::::::::::::::::::::::::~:~:::::::::::::::::::::I:~:::::::::~:::j:~!1~!!t:::::::::::~:::~:::::::::::~:::::::::::::::::::::::...:"::""':::HrA~:: Due From Other Funds 13,425 H391 4,000 Due From Other Governments 0 H440 0 ::;,,::r:.':'..:::~.::.::.::;.~,~:::.r...::J:.t:.:.:.:'.:.:;~_..;r.::.L.:lt.';.':.r.'j).i.::.;.;:.m.;:i.::;.':.i.;:.I:~:.i.;:i.:::.i::.::;.::.::;::::;::;::::;:;::r:.:::::..::.:.:.~:::::.::.:::::::.;.:.::.D::::i::.::.::~::i:.:::;:.:.~:.::.:::.:.:.:.;:.'.:::::::::':...i:'::::;,,::.':.::.;:.::.:.:,:.:.:..,~.'..:'.::::::.::.::J.;:...~.'.::.::.':.:.':.':.:.:.:.:.......'" . .':::::::::::~::::::;:;::::j:::::~:::;i::tr::~:t:)\{: :::~:::::::::::::::::::::::::::::::::::::::::::::j:::::j:::::::::::::::::::::::::~:::I:::::~:~:::::::::~~::::::::::::::::::::j::::J:j:::::::::!:::::::::::~::::::::::~t::~:::::::: . .. .....:.: ...::...:.:.....:J' ''''OM'' M:>:>.....::. :.. ....: ..:..:..... '.:.:.::..:.:.:.:.:::::::::::::: :...:..:.:' ;;:;;:;:.::::;:::/::::::::;::;::::::::::::::::::::::~:::::::::::~:::::!~~I~~tt!:::::::::::~~:::::::::::::::::::~:~:~:::::::::::::::::::::::::::::::r::::::1iMt.ag:: .. .. Page 46 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (H) CAPITAL PROJECTS Balance Sheet - - .. Page 47 OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (H) CAPITAL PROJECTS Results of Operation Iw.llt~ij_::tt:?:ttt:t=tttttttttttt:=:=::t:t:t::::::t::::ttttttttttttttttt:??t?ttt:t:@ttt:?@ttttt:???=U::::ttttmt:tttt:lItt:!4.P.l:gAAt::::ntt:=ttt~oo:~rtt::::ttl Detail Revenues And other Sources Interest And Earnings IP!~g:iyli:I:Mmi.M:e;M:R!~~>{: .................. ..................... .. ................ . ................. 99,138 H2401 ....................,...... .................... ......... ............................ :::i):;:;;:;:::;:;:::;:::::::::;)::::;:;:::::.....:::::::.:....: .:.::::::":':'::':..::. ........ ::t~~~M!::::::::}m:::::::::::::::::::::::::: ..... ......... .. 131,044 H2680 .... ::::::::::::1$.ifo.4.if::::.:::::::'::::::::::::::::;:::;:::::':.,.' ... :.:::::: ... .......... :':::::::::':'" ,':::f.:::',:,: :::::::::'::::::::::):{:)::::::\:,:,,:::"':"'" .,........ 73,946 i)t~M! 719,784 .. .................... . .............1::. "1' .~. "'1" $4..... .... . ..... . . . . . . " . . . . ...... .. .. . ;:;:;:;:;:;:::;:...:::.-:..j..::...-::..::: Insurance Recoveries r()tAl{~a.tcfmP.t~p.erty.)~n~ eQffiml,rJsatiQrJ ~m LO$$..... .:,. ...,:.:::;= \:;: '.:':'.\':.::::.:.::'::::' - Premium & Accrued Interest On Obligations Unclassified (specify) IBI~MM~Migij!gij~hlM.~~~: ST. Aid Multi-Modal TransP. Program St Aid, Other Home And Comm Serv St Aid, Natural Resources Cap Proj ... .. {frtrffftt:\t~)fffffjtftt~~t:t:::::::......... ... ::::::::::::::::::::::::::::::::::.:.:.....:::::::::::::::::::::::::::::::::.i::::::;::i::::::::::::::::::::::::::::::::::.:.:... ... o H2710 258,869 H2770 ...... . . ............. ..::::m::::::~~F.~\:::::.::::..:> .:::.:.:::.::::.., o H3505 H3989 o H3997 Fed Aid, Sewer Cap Proj Fed Aid, Other Home & Community Cap o H4990 H4997 o 8,250 :::::::::::::::::i::::::tj:::::::::::::::::::::i::::::i:::::::i:::~::::::::::::::::::::~::::::i:::::::::::::::::'::::::::::::::::::::):::::::::::::::::::i::::::::::::::::::::::~Imf'::~::::::::::::::::::::::::::::::::::::::t:::::::::HH' Interfund Transfers 59,625 H5031 IP!#~Jm~fltiq~:i!r#.r.M~r,::::/:}::\::::::::m::?:::::::i:i:i:i:i:iI:::i:::i:::::::i:i:i:i:::::::::::i:::::i:i:i:::i:i:::::~:i:~:::::::i::)::: .. ..: ..:.:::.' . '.: :':.. .:... :::::::::M~~I:iji:::::::::::::::::::::::::::::::::u:r:::?:... . ......... Serial Bonds 9,836,556 H5710 Statutory Installment Bonds 0 H5720 Bond Anticipation Notes -7,725,580 H5730 Bans Redeemed From Appropriations 1,112,000 H5731 T9i.~~:mq,s~@!:i~~.~ij@P~!::::::::,::":> :'::".::::::::.:.r:::::/..::;:::::::.:.i/';..:.:i:::::: :y:::-:::":.: ::> .:'., ......;. .:.. .':.. 3.2~!.~T'.::..: :."'::':': .,:. :;.:'.' . .:: . !9!~g:9.W~fl~ffi~!:::::\::;::::m:: :::::::::::::::::::::::::'::::::::::::::::::::::::i:::::::i::::::::i::i:::::::::::::::::::::::::::::J:::f::::::::::t::::::::::::::::::::::::::::::::::::::::::::::::i::::::::~~~~ii~1,:::::::t::::::::::::::::::::::::::::::::):::J::::::::::::::: r9r.~Bl~m~i'i:!~X~!Y.!f!~~9Mir~RM9~~if .. ....... ::::::::::::::::::;:::::;:::::::::::::::i:::i:i:i:i('!:\::::::::::::::::::::::::i::.:.::t:::::':::::':':::::::::::::::::::::::: ::~it!1i:!f.li::L.:::::::::.::: . ........ ..... ...... .. """ Page 48 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (H) CAPITAL PROJECTS .. ... 317,879 Transfers, Other Funds ... Page 49 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (H) CAPITAL PROJECTS Changes in Fund Equity ~i.li:~lim$i$.rtjtjtttt~jtttttttrrrrjtt@rtrrjttttt:tr~tt:~:rttrrttItjt:~ttt:rj:rrrj~jttt:~t:::~:rrjttt:r~tlltrrrjtt~ttrrrrllttsi_lwrurtr~tt:~:~s.ttttttl ANALYSIS OF CHANGES IN FUND EQUITY Prior Period AdJ.- Increase In Fund Equity -2,501,080 74,545 H8012 -2,426,535 3,771,652 3,564,143 -2,219,026 -2,219,026 ADD-REVENUESANDOTHERSOURCES DEDUCT - EXPENDITURES AND OTHER USES -2,219,026 4,129,120 5,489,596 -3,579,502 - . - Page 50 OSC Municipality Code 130386800000 .. (I<) NON-CURRENT GOV ASSETS Balance Sheet TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 1&llf~iiM.r~:~:~:~J:~~:::t:~t~~~t::~:::~~~~~:fff~:::::~:~::::::t::::~~~~~ft~~:~~~~~:~~~~~~~~~::~:~:~:t:::tt:~::~tt:~:::::tt:::::::~~~~~:::~:::~~~~:::~~~f::::::::::::~:::::::f~tt:~:~:~~~~::f:~t::::::::~~::~:f:~::tlltm:::t:~t:::::~::t::::~::~::ttmtE$c<<l~f:m::::t:::::~:t:t~t:::::~~f:t:n ......................................................................................................................................................................... .................................. ...................... .................................. Assets Land Buildings Improvements Other Than Buildings Machinery & Equipment 18I~B\:~mll$w~'i:U:: IBriE:\!m!!J!::\::::::::::::::::::: .... . .. . .. ..............,...,........................................'................................................................................... ................,.....................,...,.........................................,...........................,............. ............................................................"..... ..................................................,......... ,..... ............,........................,................... .. .................................................. . ... ................... ......... . ............. ................. . ... .... ..... .:-:.:.:.:-:.:.;.:. :::~~:~:~~~~~~~~~f;1;~~~~~~~~~~r~t~~~~~~~\~~~~if~~~~[~~~~i~~\~~~\~)~)~\~~~1~~~~~?~:::::: ...................,:-:.;.:.:.:.:.:.:.:.:.;.:.:.:.:.:.:.:::::::.....:.:.......:....:::::::::;;;:::;:::;:::::::::::;:::::;:;:;:::;:;;;:;:::::.:::::.... ...... ........ 6,549,550 K101 7,421,156 K102 2,924,927 K103 3,787,032 K104 . ..... .:::::::i:jli!lli!~~t~l[ilil::illi:iiii:i!ll::!:::I:::::::::::::.:.:. .... .. . . . . . . . . . . . . . .. . . . .................. .................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .................. .................. 6,549,550 7,421,156 2,909,956 3,914,381 .:.::~~;~~~t:~~ l)i'-H;t~~~!1!: Page 51 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (I<) NON-CURRENT GOV ASSETS Balance Sheet t.~lflM~i:i1:l_~tt:::::::::::~::::::tt::::::t::::rt:::):::t:tt)::?::::J:::t::tt::t::tt::t:?ttt::ttt:::tt:~:tt::?ttt::::::::::f~:t:::::::::ttttt:::::::~::r:::::llt::::::::::::::?:t::~~))::)ttttllt:::::iOO~t:JW::::::::tmttB8Xtt:tt::::tt::::j Liabilities And Fund Equity Total Non-Current Govt Assets 20,682,665 K159 it914~f~~j~~~::!?:~:f4ij~g9.~!W=!!::::::(;;;::::;:;::;:::::;::::;:::::;:::::::;::::/} ............::..... !::;::::::.:;::::;::::.:::::.:;::::.;::::::::(:?::;:::::::::::;:::::::::r:::::.:::::.:::.:::::::::::~~;ijii!$.~:.:....:..:..:... 20,795,043 ., ." ... Page 52 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (PN) PERMANENT Balance Sheet IliijWITfi@ffi'_~:nt.:.:.:.:.:.:.:::::.:.:.:.:.:.:::nnnrn:::::::::::::n::nn:j:::::::n:.:.:.:.:.:.:.:.:.:.:::nt::n::(.:.:.:.:.:.:.:.:.::=n('.:.:.:.:.:.:.:::::r:.:.:.:.:.:.:.:.:.:.::::=::.:.:.:.:.:.:.:.:.:::r:nnn.:.:.:.:nrnnn:.:.:.:.:.:.:.:.:.:.::wmi1'-':.:.:.:.:.:.:.:.:.:.::nr.:."""~""''''~'':.:.:wn::::.:n.:.:.:.:.~w::nn::::::n::j .:..:....~::~~:~ ....:...:::::;:;:;:::;:;:;:;:;:;:;:;:;:;:::;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:::::;:;:;:;:;=;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:::;:;:;:;:;:;:;:;:;:;:;:;:::::;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;=;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:;:::;:;:;:;:;:;:;:;:;:;:;: ::::::::::::::::::~:::::~~~~:::::::::::::;:::::::::: ::::::~.. ..~~:::::: .::::::::::::::::::::::::~:::::::::::::::::::::::: Assets Cash In Time Deposits 83,623 PN201 85,178 .. .. .. Page 53 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (PN) PERMANENT Balance Sheet ~!t@i~.ftt:ttt~~~~t~~:~tt~~~tttt:~tt~~~t:~~~~~t:~~t~t~tt~:t~~~~t:~:tt:~~tt~~ttttt:ttt~:~tttt~~:~::tt~~~:~~~~~t:~~t~~~:t~~~~~::~~ttt~~t~~~~m~~~~:~~t~~~t~~tt~i~~~~ttt::~t~~t~llt:t.~.:t:~m~:::ttt:ttt~~:ttt~~~~~~~t:t~1 Liabilities And Fund Equity Unreserved Fund Balance Unappropriated 83,623 PN911 85,178 m9I:ii:ijrmi~*~i:F.::Ii,iffii"::t:Yi"mir,iil:::~:::::::~:~::::::::::::::::::::::::::::::::~~:::::~:::::::::::::::::::::::::::::::::::::::::::::~::~~:~~:::::::::::::::~:~~~:~::::::::::::::::::::::::~::~:::::::::::::::::~::::::::~:::::::::!fli~:::::::::;::.,.:.::::::::::u:::~:u:;:;:;:):::::;:;;;:u::::::~:::::::M;:~li: .. ., .. Page 54 OSC Municipality Code 130386800000 ., TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (PN) PERMANENT Results of Operation t.~lt~~y.iMitt~:ttt:tttttt:t:::ttt:,:t~tttttttttt:'::t:~:t:tttt:t~:ttt:t::::tt::::tt:@t:::tt:::::::t::t:t:t:tttt::::::::t:~:t:H:::::::ttt::lW;tttttJlt:tPp.mi.it:tll:t:t::tt:::~oo~t:tt:~:::tl Detail Revenues And Other Sources Interest And Earnings ff9!~g;ij~~fIMg~::!I::I#AArt~,::::: ..... ...... Gifts And Donations Unclassified (specify) 19f.Ai.i.iM~ml.ijr~~~:#.~~(i##M~M::: . .... ..... }::::::::::::::::::::::::::':::::':'::::t::~:::;::::i:::::::::::;::::;:;:;:::;:;::::::t:\::::.:;:.::.:.::.::.:...: . ..... ~:~:~:~:~:}~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~:~r:~r:~:~:~:~:~:~:~:;:r~:~:~:~:~;~:i:~:~:~:~::;~:~:!;~:~;~;~:f::;:;:;:;:;:;:;:;:;:;:;:: ............................... ..".....,....... ......................................... .................. .. ......................... ......... .........,... . ..............."....... ............................. ".. ..................................................................... ...................................................................... 12,572 PN2401 1,028 ::::::::1:~~~r!:::::::::::::::':;:;::::::::::::::::::;::::::::;::: ... ':::'::;:;:::1~91 7,075 PN2705 PN2770 :::::":'::::::':':::,;Qhf:::}:"::'}}::{(::::::::}}}} .. ::::::::::::;:::;::::::::.::.,:.:.;.:.:::.:::::=::::::::::::::;:::;:::::;::::::::::::;::::;::::::::::::::: ..... 8,610 25 ...................... :::::!l.~~ ...................................................-.................................. 19!~ip~i\!!~i~!1~~~:~~ij:Pm!r:~i?Ht9~i: ...................................................... ...................................................... ...................................................... .;;;:::;:;:::;::;;:::::::::::::::;;:::::::::::::::::::::::;;:::;::::::::::::::::;::;::::::::;;:;;;::::::;;::::: ~:~:~:}}~:~:~:~:~:~:~:~:~:~:!:~:~:~:~:~:~:t~:~:~:~:!:~:!:!:~:~:::~:~:~;~:!:::::~:~:~:~:~r.;.~:':'::::: . . . .. ;:::!~~f~ ., ., ., Page 55 ................................ .::.:.:;;:;:1!~~~tt:::::::::::::::::::::"::)'..... .... OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (PN) PERMANENT Results of Operation l~ifP.:Doo.itt::~::ttttt:~:t~:tt:t:~:~:~::::::::t:,:,tttttttt:::t::'::tttttt:t,tt:tttt:::::tt:,::t:t~tt:t':'tt::t:~:::::tt':tttttt:Uttt:tt~:@ttt:~tnt:tl!l;i;ll$.Wi.ttllt:tttt::m>>~t:'t:::::::t"l Detail Expenditures And Other Uses Other Culture And Rec, Cont Expend 16,000 PN79894 ff9!!M9ID!f:9~lr~::ln~::H:::::::::::::::::::::::::::::::~::::::::~:::':::::::::::::::::::::::~:::::::::::::::::::::::::::::::::~::::::::::::::::::::::::::::::::::::::::::::::~::::::::::~::::::::::::':':'::::::::::::::::::':::::':::::::::::::::::::I::::::::::':':':':::::::::::::1ii!P:!:::::::::::::::::::::::::::::'::::::':::::::::::::::::::::::::::::::: tg:t"B::9'!~m::'n~:~~r,~~lt::::::::::::::::::::::::::::::':::::::::::::::::::::::':::::::::::::::::::::::::~::::::::::::::::::::::::::::::::::::::.:::::::::::::':::':::::::::::::I:::::::::::::::::::::::::::::::::':':::~:I:::::::::::::::::~::':::':::m!i~P,!:::~::':::::::::::.::::::, ...... ...... . ....... Mise Home & Comm Serv, Cont Expend 6,082 PN89894 Ifltl':M~~:ili~,.i:gRm:'~~m:':::::::::::::::::'::::::::!:I:::::::::,:::::::::::::::::::::::::'::::::::::::::::::::::::::::::,:::::::::::::::'::::::::::'::':::::':'::::::::::,:::':::::::::::::::::::::::::::::::::::::::::::::~:::::::':::::::::::::::::::::::::::::iili:::::':::::::::::::::::':::::,::::::::::::::::::::::::::::::::::. !9I~~11giM::~~::R9,ImIW:'!E~~::::~::::::::':::::::::::::::::::::::::'::::'::::::::::::::::::::::::::::':::::::::::::::::::t::::::::::::::::::::::,:::::,:::::::':::::::::::::::::::'::':::::::::::::::::::::::::::::::::::::::t:::::::::~::::::'::~::!;'li::::::::::::::'::::::::'::::::::::::::::::::::::::::::::::::::::::':::::: ]qtIH::~ffl"I~~~M:::::::::::::::::' .....::.... '}:;'::":':';":';'::;:;'}"';';':;:::;::::"'::;'::::;:::;:;:;:::::;:"",,:;::::,:::.:.:. .......... .....W:::::::::::::::::::::::::::::::::::::::::::::::'::'~::':::::::::::::::::::::::::::::::::::::':::::g~~~::,:::::::::::::::::::::::::::::::::':::::':::::'::::::::. .. ...... . ....JM~: Transfers, Other Funds -86,058 PN99019 3,783 ..................... :\f::@f.t~:: .................... }):):~f:!e 4,325 .....:::!m~ ::::::::::mt~~:: .. o !9I~Pgil~ij~::tf#,nit~~~:::::::::::::::::::::::::::::,::::::::::::::I::::::::::::::::::::::::::::::::':::::::::::::::::::::::::::::::::::::::::::::::::':':::::::::::::::::..:' .' :. :,.......:;:.. :::.::':::::n:::{:/' :.:';'::::::;:;-~~~88,:::::': .:,' . ::. ".:": .'. . '..:' ;:. ..... ..?:'?::::(L I9Ilf::Rffi!f:::!I~:::::::::::::::I:::::::::{::::':':::::::::::::::::::::':'::::::::::::::::::::::::::::::::::::::::::::::::::::'::::::::::::::::::':::::::~::::::::::::::::::::::::,:::::::::::::::::::::::::'::::::::::::::::':::::::::::::::::::::::::::::::':::::::::::::::::::::::::::::::::':'::::::::::::::tlil'::::::::::::::::::::::::::'::::::::::::::::::::::::::::::':,::::::::::::::L....q" !qII~::pil!~!~~n~!!~W~'~~!.~::H~I::::::::::::::::::::::::::::::::::::::::':':::::::::::t!:::::::':{:::::::::::::::.. ....... .. :::::::::::':::::::::::::!::::::::::::!:::::::::::::::::::::!:!::::::)li!l!::::::::::::::.'::::::::!!::::::::I:::::t::::::,::,:::::::::::::::::::::::::::{:{!UAA.: .. .. Page 56 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (PN) PERMANENT Changes in Fund Equity ~$.lit~~~m.tif:tjr:jr:::ttttjr:t:rr:m:j:tjr:ttt:ttttttt:t:ttt:ttrtttt:tttttttttj:tttt:r:ttttttjr:j:jr:jrr:j:tj::Httt:ttt~ttt:tttllrri~m::.qalft:m::tj:t::tt~$.:ttjtjr:j:1 ANALYSIS OF CHANGES IN FUND EQUITY ADD-REVENUESANDOTHERSOURCES DEDUCT - EXPENDITURES AND OTHER USES 19,647 -63,976 83,623 83,623 9,663 8,108 85,178 .. .. .. Page 57 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SL) LIGHTING Balance Sheet ~iniM.ip.hoottrI~:~::::tt~:tttttt:rrrrr~t~:tj}:~:ttrr~@JtJt~:Jt~~t~~~t~t~rrtttttrr:~t~:r~:~~t~t:rrrrrtrrrrrrrllJ:rrrr::::$P~J:t::tt~:JU:t:ifi1t&~ftmrrt:tJ~~~rtrmt~~::1 Assets Cash In Time Deposits 9,910 SL201 10,208 Accounts Receivable o SL380 .. . .. Page 58 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SL) LIGHTING Balance Sheet t.&.ll~~Qii~.jJJ:ttfi\J\\~ttj:j:j::::~j\:j~j::~((t:r\~j:~:j:~:~\\\~:~(~~~::~:Jt~ttttt~~:::t~~tt~~~tt~~?tt(fttf:\:::~::::t~(j:((t:\~(ttJ!tttj:::::ttt~~:Jr}:~:;Jt:\llt:~:~:mM$~dif::~::mt::t(::t:~j:~(~~\jt:mtr:m:tl Liabilities And Fund Equity Accounts Payable 1,906 SL600 2,010 %9II::Prr!~~~!t'~EBil~?~!:f:!ppffiprr,g,~:::::::::::::::::::::::::::::::::::::::::::::::::~:~:::::: .. .... Unreserved Fund Balance Unappropriated !.I~"II!..i............. 1,175 ................. .._-...-................ ....... ............ ::::::::::::~:~:~:~:)}~:~r:~:rr~:t:~~~~t<:~:~:~~~~~ ii:~:;:;:i:;:~:;:i:ii:~:~:i::::::::r .. ~~f~~'t~rr ... :::... ........... 6,829 SL911 ........................,...... .............................. ... .. :.:.:.:$:12$(:.:::.:::.:::.:::::::::::::::: ................... .... .::::~::::.::i::i:~:i:::::::::::::::::::::i:ii.i.i:i:i::::::::::i:::i::::::il,iji::;::::i:i:iii:i;:;i:::::i:i:::::if: .:.. ...... .. ... .. . . ...........................~:::~:~~:::::::::::::::~~11J:::::::::::::::i::::::.::":":. ::::::::::t:r::n~~: 6,878 .................... ................... :::::::::~..: 87.....8...: :::::::::::::::::....i.....:...: . . . . . . . . . . . . . . . . . . . . )::fjd~a: M~;;j: ., ., ., Page 59 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SL) LIGHTING Results of Operation [ij~jWP.l~@W#t~:::m:m:m:m~::m:r:~:~rr:~rr:~:~rrrrrrrr:~:t~rr~~~:~:~~~~~~:~rrr:~::rr::m~:~rtttrtt:~:~:::::~ttttt:ttt::~:~:~rrr::::r:~:~:tMMt:m~:Ut~rrr:t@<<tritt:mnt:mg{lp.miiiH:tll:t:~rrrr~OOlt:~:rrt::J Detail Revenues And other Sources Real Property Taxes !9r4RiR~~!;fffl#:!rtt:tM#:#.f;::;;::;i:;:;i;i;i~i;;~i::~;:;::i:;~i:m:::fff:::~;i:;f: ........... . Interest And Earnings t9i~M9~:W1M~i!%tmimi!t:i:i;i:i:::i;i;i;ii::;~~;~:::: 24,263 SL 1001 ;;;;i;:;i;i::;i;i;:::::i:i:i:i;i;::i:::i:i:i;~:i:i~::i::;:;;:i:;:;:i:i;i;i:i~:::;:;:::::;::i;i:i~::i:i;i;:;:;i::~::i:i;i~;:i;;;::::;::~::i~:;i;;:~;i;~~I;i:i;i;;;i;:::~::::;:;~;:;:;:;:\/:~:::::::::. 384 SL2401 ...... ;:;::;~:i;;;i:;:;ti~i;;i;i;:;i::i;i::::::;:i;i;i~i:i;;;i:;;::i;:;:::;;:i:;i;;;i:::::i~i:i;i;:;::;;::::::i:i:i~;;i:;:ii:i:i:::::i:i:~:i;~:~:i:iI:i;::~;i::;;;:;;;i;~:i~i~i:i:::::i;::i;~:~!l1::: ... .... ........ ..::. ... :....::.:.... 24,263 ...................... ::::ii~$~ 245 ... ..~~ !QfAtp~!j;~~Y.~~~AA;Aijd.:_ri~~~t~AA .... ............ ... ....... ..................... ...................... .. . . . . . . . . . . . . . . . . . . . .................. :.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:. /::i~!~Jt:::m: . .. ~rr}!~~~f~~~~ .. ., ... Page 60 OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SL) LIGHTING Results of Operation I&.WMi@_t~tt:rmtttt:trrtttt::::::~::tttttttt:tr:tt::t:::::~t:r::t:t:t:ttttttttttt:~t:rJrtr~:~:~:~tttttttttmt::tt:r~ttt:::~::tHttl~ijP$.lm.~:~:~tHttt:::rr~t::::::t::t:::l Detail Expenditures And Other Uses Street Lighting, Contr Expend 23,747 SL51824 24,314 tp!!glitl:i~ii~~iQ.i:::::::i:::::i:::ii:::::i::::i:i::::i .. :.:.:..: .... .... .......... i:::ii:i::i:::::::i:i:::::::::::::,:!:I::::::i:::i:::i:::::i:i:i:i:i:i:i:i:i:::::::::i:::i:::i:::::::i:::i:i:::::::::i:::i:::I::::::::::::::::::i::::::::::::::i~~ilir::i::::::ii:i:::i:::i:i:::i:i:::::i:::i:i:i:::i:i:i:i:i:i:i::::i:i:::i:::i:i::::,:!~!~~1~: !Rit~mr!ij~I;!!!9~tIi:::::::i:i:::::::i:::i:i:i:i:::i:::i:i:i:i:::{::::::}:::::H......ii::::i:i:::ii:::i:::::::i:i:i:i:i:i:i:i::i:i:::i:i~i:i:::i:i:i:::i:!:i:i:i:i:i:i:i:i:i:i:i:ii:i:i:i::i:ii:i:i::::i:i:::::i:::i:::::':!:::::::i::!:::::i:i:::::i:i~;~tr:i:::i::::i:::::i:i:::::::::i:ii:i:::!:::::::i::::i:i::::i:::::i:i:i::::::i::::i~!~~1~ t9I!g:ilij!~ij~ij~M:!i::i:i:i:::i:i:::i:i:i: . .... ;:::;::;::::::::':;:: ......... . .:::::::::::::::::~:i::i::::::i:i:i:i:i:i:':!:':!:i:::i:i:i::::::::::::::::::i:i::i:i:i::::::i:::i:i:i:i:i:ii:::i:i:iii:i:i::::i:::::i:i:i:i:::i:::ri:i:i:i:::i:i;ill::!:i:::i:::i:::i:i:::i:::i::::ii:::i:i:i:i:i::i:i:::i:i:i:i:::i:i:i:!!j !:!!~J#1! ]Bf,~~9i11l::~~ln~!~P:f,~ie~.f~If::::::: !!:!:!:::!:!!::::\\!,:,:,:,:::::::.::...... ::::::::::::::\::::::.:.:::::.. . ... ..... ... ..... ... :.::::!:~~it:it::!::::i::::i:::::::::::::::::::::::::::!!:::::::!!!H.. .!::!#.$~1~ - . - Page 61 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SL) LIGHTING Changes in Fund Equity ~ii~t~~_rjr:::j:rr:rrJr::r::::t:r::f::r:@t:::::rrfrr::::::::rfffrr:r:rfrr:r~j~trr::rfr::f::f::rf:::rrt(((:::rrfrrfr:t:n{(:j::::::::::(~lm:{{(:::r::::nrra.a.mw~:r:nI:I::rff$.&$.{tr:::(:::M ANALYSIS OF CHANGES IN FUND EQUITY ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES 7,104 7,104 24,647 23,747 8,004 8,004 8,004 24,508 24,314 8,198 .. .. .. Page 62 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SM) MISCELLANEOUS Balance Sheet OOii)*Mtll$W:II?I?:r:::r:~:~r::::ttr:r:::::ttttttttt:r~t:r~:@M@I:tttttt:~::t::::t::~:tt:@@MMrr:::Jtt::tttttt::tt~:::{I1I11:ttt:J~1ilP~ttttttm:1~~ijP.p.lm~fJlrrr~:~~::::::::~~::r~tt::~:t:l Assets Cash In Time Deposits 41,982 SM201 99,036 Investments In Securities o SM450 o Accounts Receivable 0 SM380 !mI~g::m~!t:8~!~~~~:tfflith:~:::::II:::[:::~:::::::::::::::~:::::::::::::::::::::::::::::::::::::::::::::::~~::~::[::~:~::::::::::::::::::::::::::::::':[:::::::::::::~:::::~~:::::::::[::::::::::::::::::::::::::::::::::::~:::::[:::[:::::::::::::::::::::,::::~::::::::[:::::::::~:::~::[:R:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::HH:H"HHr~@[ [9I~~'~IM#:::::::::::::/::::':::::~:::~:'::::::::::::::,:,H',:::.;..,":::::::::::::,:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::~:::::::t:::::::'~:~::::~~:::::::::::::::::::I::::::::::::::::::::::::::::~:~:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::'1i:,e:::::::::::::::::::~::::::~::::::::::::::::~::::::::::::~::::::::::::::::::::::::::!!i~I:: .. . .. Page 63 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SM) MISCELLANEOUS Balance Sheet t.ilM.@rliiWijt.t~ffit~tttttttt.t(tt::~:.ttttttttftt::tf~~ft::;::.t:tttt:::~::::::t~f:~:~:tt.t~:;:::.tt(t:ttttt:~::~:;:::::~t~:::~m:ttt~:~ttt:~QOOtttttttlttmm~~:ttmtt:tt.:.tt~l>>.${itt:tJJ::1 Liabilities And Fund Equity Accounts Payable SM600 IB~~f:jl~~~~~~~~r.j:::j::'j::.::jjjjj:..j'..:" .. . ...............:::. .... . ::.: .:::::/::m:::::::::::::::::.::t:::::::t:::::::::::::::::::::::':::::::::::::I::::::::::::::::::':':::::::::::::::t:::::::::::t::::::::::::::~r::~:::r::::::::::::::)i:'::::i:::{ \tlt~~Mt~II~~t'::':"'::'::::::~:::::::::::::::I:::::::;.f... . . .... ... . ........ ...........;:;:.::::...:::...:.:;..:::;:::.:::';:j.::::::::':::::::::::j::...:.::::::;::::::::,".':::::::':.:::j::::'::j:':j:,:':':::::::::.::..:j.j:.:,:.::::.;;j:'~j:::.:~:':j,::,:";.:::j:j::j:.::::::':';'::"" Unreserved Fund Balance Appropriated 3,000 SM910 ]gII:9nr,~~ra'::f.:;i!~qf:'::~:~RP~RRr!~~"'::::::::.;.::: ... .:::::::::::::".... . ..:' ;; ::::.:...::..:.;::" '. : :.;....:.:..:::.:.:;:;:.:..::.;..:..::..:.:;%~~..::... :' '::.'.:';:;':;:::.:;:;:..;,;,;... Unreserved Fund Balance Unappropriated 38,982 SM911 ,;:::.:,:;.:.";::,~:',:,,,:,:,;,:,:,::~';::':::.::'::.~:"...;:.:;.:'::~.~:';.;;'..';:.:..;...::.::~..':::;.:.:,.;.:n.:;;:.;.:.~.:..~;...:::.::~;:....:Q.;.:;,::..,.:~.::::.::::.:~:tve'::'.:;.":I::';:"'.:':'I;.;;~.d.;;;...:..;...;;::.;.F;:;;.;;;;:;.:.::OOU:.:.;:::;.:.:::;:.:....:.:.:..;.:;.:':;:::.:::::::::::::::.:'::.::.:'::Ba:.:.:::::.:.:::::.:.;:::::.....:::...::.I:.::,8;.:;;;::;;.::::..:nc::::.;.:::::.:.;:...::.::.:.,;:',e..:.:,:'..:,.;;:..:,;..:.....,~..,.:.....;.:...::.':"u:..:.:.;::..:".:,.:,;~,...;....,...;.,.a,...,:.:...:::.,.p.".,..:::.:.:....p;.:.;::.,..;,::,.F;:.,..;,..,.:.;:.;,.:"...,m".;.:.:,..;;...:::;:.:;;;:.;.:.;;i:..;;a,.......:..:;;t:..:;,.:.:.~:;:.:.:::;:,:.:d:;:.:..,;':...:::::.::,:.,.:':'.":.:'::.;.;.";::':.;':.:.';.:';;.':...:::.:.:.::..:...;:..:.:.;::.:.j;.:.:..:".,.:,...,...;.J.;...:,;;;:;;.:.;;::;. ....... ........... . ... ................... . . .. ........ .. . ....... ,_,_ ,_..... . w>>g~":.:I,.,,,.:.:',.,.i:,,',.,,!;.'I..,.!;....'.....,I;....;.:;...!:.I:;.;.'I:,.:.I:;I.;.'I;;'I;.:....!:.'I:.:..;.:I:,'.,.".!.'.:.I:;'.,.'I:,.:.:I:,\:.::,,\:..,,\:.'I:;.:.'.;.,..I:.;,.!,.:'.',.\,.I,,\.;.,,:.;.::.:...:.'::':.';:':.';:':..':"......;.:;;'.;.'.;....;..:.:..:.1;,..;.1;;'.:.'1:;'.;.'1;;";.'1:;'.;.'1;,..:..::;":.'I';:,';.';;.':.I'".:.I:.:.:::.:,,!:.::,I.;.I::1:.\,,:.i::,':.'::::.I'::';.I'::':.'::'I:.':,.::.:.:.:::.:':::.:":,',.1:::.':::':.'::':.:',:',.:::'.:..'::':.':;':.':;'~::.;.:;::'::~::a:.::.:.;.,'..'.~..~::;::;.:".~,~,:.,:,.:.:.~:2.:;:::..:':,\,.':,I',.\"',.:',,....:;...:.:.;:.:.:.:;.:.!:.::"\;.:;,\,.:::,.i,.I,,I,.;:.......:"I,.:.:..'..;!;:.I,.::".,:;.":;::.\:,.;.::...:.:.:.:.!;:.!:...!:.!:....:..:...!:.::;.!:....,..:..!:.'.::.':;.'.!.',:;.'.!;..;.,..',.:...::.!:.'..:.'::'.;.::,.,.!:,::.!::'.:.':,.,.",:.,.!,,'!,..,,!,.. 19I#g:tffl.~im~':i~i::fHr~::lqH!~~.:::::::..::?{:':":'"""""';:'::::::::;:::;:::j::..':::'.:::.:':?"::::::.:.; ." ~::I ';!~f< .:: ... .. 14,583 :.:,:::;.;:;!..'!:'.!I!!i:ll~~~I~: 30,000 :#.9;ii 54,453 Iii ... . .. Page 64 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SM) MISCELLANEOUS Results of Operation ~iil.in1tijlWiitt=tt:tt:::::t:t:jtjjttjjtjjjjtjtjt:::::::tttttttttttt:::jj,tttttt:jjjjt::=t:::::ttttj:tt=jjJltttt:tiP.~t:::jtjJltt:l;.ij~ttW:tt:'=t:j~~$.:=tJtJid Detail Revenues And Other Sources Real Property Taxes 226,200 SM1001 226,200 r.:....:..:.P.:..:.:.:....:..J1.:....::.A.:.'..:.....:.:.~..:.:..:.:.:.:.R.~....:....:e.:.:.:..:.:il.'.:..:.:.t...:.',.'p....:..::.':..rti.'.::.:..:.:.:..:.:.~.:.:..'..~.:.'..'.'''''.'.:,.'....'..:'..,:i:...:.:.::.T....:....:..:iU.'.'..:.:..:.:..:.:..:e.::...'..'.J.'.....:.....::.::.':.::.':...\..,.',....:.::.:....::..:.!.:.':.::.::.':.::.':.':.::.':.::.':..:.';..:.':.::.':.::.':..:.'.,."':':""'."::'.:""::":'::":'::"!'.":':':'".:.:.':....:...::. .. . ::"':'::;::::;:,;.;:)))}\J.:.t:i?/()\\})f:::/????r:':'" . 22GaiHV""::'::":;:::::"":::'::::::::':;:: ............... '22~200" ~ ~:~1.: ..... ..... ............ ::::"::::::::::::;::::::::::::::::::::::::::::.-.;.:.": :.::::::;:;:;:::::::::::::::::::::::::::::::::::::::::::::::: ........ ~{/.:-:.;.::::;.:::.:.:.:.::~:~:~:)~:~:~:~:~:~:~:~:~r:~:rr~:rr: ..... }~.;.;:;.:::-:..::.:.::;.:::-/~ 37 SM1081 35 ...... .;.:.:.;.;.;.;.:.;.:.;.;.:.:.:.:.:.;.:.:.:.:.:.:.:.:.:.:.:.:.:.:.:.;.;.:.;.:.:.:.:.:.:.;.:.;.:.;.'.;.:.:.:.:.:.:.:.:.:.;.:." ........................................................................................ :::..:.::..:.:.: ..... ................:':':...::,:::,.:'::::':.:..:.:.:.:'.:::::":':::':::.. ....::::!:::::::'::::!:::!:::,:::::!!:!.::::::\::::::!:!:::!!.::!:::!::::::::::):!::::\!,!::::!::::::::::::::i:::!::::::'::::!:~::: other Payments In Lieu of Taxes tBI~@I~~!:ewpi~~tliK!wmi!:::!:!:!!::!:::!:!::!!:::::::!:!!::::::!!: Interest And Earnings t9it.ffl~]J.~!:m:M#I~!I.I:!I#fffl:u;'{!:!:!!!:!:!::':::::!:!::::::!: .:: ;:::::;:;:;:;:::;:::;:;:;:::;:;::: .::::::;:;tt~~~~..~;.~:..~;.~;.~;.~;.~;.~;.;;.~;.~;.~;.~~.~~.~~.~~.~~.~;.~;.~~.~\.\~.~~.~\.:\.t~~r~~:::;::::::::;~:~:::;:;::::::;;:;:;;;::::.:. ::::::. : : : ...... ............ .:.:.:.:.:.:.:.:.:.:.:.:.:.:-:.:.:.:.:.:.:.:.;.;.:-:.:.:-:.:-:.:.:.: 2,295 SM2401 2,102 :!::!:!!!M~I:::::!!!::::!:!!!!:!:::::!::::':!:::!!.:::::::::::::!::!!:::!:::'::::!:!!!:::::!:!::::!::!:::!:!:~1.I:! .. 19t.igpM!IH;@'Y:!~i~:Iv.~Bmwm!!RHr4,!~::::::::!:'::!::::!::::!::!::::'!:::!:!!::::!!::!:!:::!:!:::!:!:!::::::::::!:!:!:::::!:!:::!:::::':::::::::!!::!::!!:!:!'::':'::!'::::::::::::::::::!!:!!!:::::::!!::!::::!.:::!!!!!::::!!:::!~~!!~:::::!:!:=:::::!::!!!::!:!:!:!:!'!:::::::::!::::::::!:!::::::::::!::!:!::::!::!::!:!:!:!:::9!i:1::! .. - Page 65 OSC Municipality Code 130386800000 ,., TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SM) MISCELLANEOUS Results of Operation ~W~:m@R\ttt:JJJ\::ttttttt:JJ:~J\~Jffff:tttt:ffff:~\:t::::t:::~t\~\~tt\:tt\:\:ttt\:~~t:~::\:tttttttttt:tttttt~ffli:~m:fff\~:~'ttt~ffmff~1:ll$W~ftlbtt:~'::f@OO?ift\:f'tr1 Detail Expenditures And other Uses Judgement And Claims, Contr Expend 25 SM19304 !9I~tii!MI~iln[~mf2j!!iliii:~:iiiii:i:i:ii~:i:::~::i:i:i:m:i:i:iiiii:i:::':ii~iiii:i:i:i:iiiiii:::i:::i:'i:i:ii::ii:i:i::~:~~ii:ii::i:::::'iiiiii:::::::ii':~:::::::i:iii::ii:::iii::::i:':i:::ii:::ii:::i::ii:'::ii:i:::i:::i:::I::i::i:::Iiiii"ii:~iii:i::i:ii:iii::iii::i:~ii:i:i:i:i::!!:i:i:::i::i:i:i:i:i:i::::iiii::ii:',i:~:iL...... IB!teP,i~~!r,HI!,~W'lmii~MRfmiii:i::i. .:. . ::... ::: :..: ':::::ii:ii/:i:,(ii;:i:;:::::::ii::i::::/iiiiii:-:':::m:ii:i(:ir:iii:i:m:i:tiir}i:tti:Ii:i:::'::~:i:iiiii:in~~i:::~:::iiii:I{::::iii:i:::i:::i:i::iiiiii:~!iii::~ti:i:i:i:::iiiii:i:iiit::m:ti: ......... Ambulance, Contr Expend 231,744 SM45404 16 ......:...........J,.: {:':'1ff 185,850 ::':'ii:i:i:iii:i::::::iii:ii:::iii:iii:i:i:'::i:i::i~iii:i:!~l;t!"::'i':i:i:i:~:i:i:i:i:i:ii:riii )i:::i:i!i:i:i:::i:':':::i:i:::iii:::i:i'ii'iiiiti:i{:i~~l;t~j:i'::...'..:::.:... .. ............................ :':"::'::::::':':':"':'18.5A6tf ........ .....:::::::::::::::::::::::::..............:::.:f ............... ..:::iij!~ffil::i T'~T:~t.:::"E" '.............~.i.t..................... :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: :.:.:.:.;.:.:.:.....:...::.:......::.:':......:: ..... :f::*ime::::~~'~b.:~r'~ii ........ ......... :,::~':::f\f))/i:f)itt\.)i,i\\::,;::)}}.,:\.i.}::.: . ..... ........ .:. T9I(f:R:P!WI~!Mjij~lNrnf::jW:!]:9~mitJ;~~t'i\i~::i:::i::~i::::::~i\:iI:::::::::~i::ii:i:iI:i:':i:~:iii:::i:::i:~:::iii::i~:i:::ii::::::ii~: ........ ......... - - Page 66 OSC Municipality Code 130386800000 - .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SM) MISCELLANEOUS Changes in Fund Equity ~i.i.WIimiij$.Wp.Wt~ttttt~~tt::~~~ttt~ttttt:~t~:~~~:~ttttttttttttttt::tttttt:ttttt:~:ttt:~:~:~:~t~ttttt:tttt~tttt~::m:~:::~:mtt~~:t@G.t:~:::::t:t:~t:I[I~~w:l@iI:m::t::tt~~::t~$.:~:tt:t:::t:j ANALYSIS OF CHANGES IN FUND EQUITY ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES 45,219 45,219 228,532 231,769 41,982 41,982 41,982 228,337 185,866 84,453 ., - ., Page 67 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SS) SEWER Balance Sheet PMl(~ii@(@t:r,::t::::I:,::tI:rr::':rr::rr::::rr:I::::::j:::::::::tttIm::rrtt:I:::t,::ttt:@tttt:::m:I:::::::::::::IItt:ttmI:t:r:ttttIlItttt::'::I~:::::t't@::IIII::gW~*,I::W::::::r::::I:I:~rr::rr::"::l Assets Cash In Time Deposits 1 ,381 ,239 SS201 1,643,183 Investments In Securities o SS450 o - Sewer Rents Receivable 400,087 SS360 410,420 Accounts Receivable 0 SS380 683 19Ii~::.i~Jiif",=x~ijffli::{iI~:::":...::::::.::"''':''::::::::.::.:::.::::::::'/:'\:::==::::':"i=::::,:r:;:;rm:::::::t:;:::::;=::;::::::"::::=::::::::::::::::::::::::11i:~i!;;::.:::::::::::;:::::::,;;::::::':::::,:::::::::;;;::p,::::AUAI~? State & Federal Receivables SS410 5,505 !9!~~':m,~!:i~~::f,,~~~j,:g::RI;!~~I,,~::::;::':::::::::::::::::::::':::::::::::::::':::::::::::::::;:;:::::::::=:::':::::::'::::;::::::'::::;::::;:::::;:::::::::::::::::':::: ::,:::::,:::::'::::I:::::::::::::::::::::;:'::::::::::::::::::::::::::::::;:R:;':::;::::::::::;:':::::::=::::::::::=::::::.;;:;:::;:::=::,,:: .. .... ...... nl~~~~: Due From Other Funds 65,782 SS391 38,152 ]9I#:MlliI::::::::::::::::::::'::::::'::::::'::::::::::::::::':'::::':,::::::::::::::d:::::::::::::;:;:<'i:"::::':::'::::::=f:;'::::;:::';'::::::::::i::::::::::::::::::'i:::::::::::::::::::;:::::::::::::::::i:::::::::::::::::::::::=::::::::,:,:=......:::::::::::::;':'I::::;:;::::::::::::::::':::1~lit~~!!:::;::::::::::::::::::::::::::::::::::::::::::::::;::::::::::::::::::::::::::::::::~;~r.~!f~ - - Page 68 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (55) SEWER Balance Sheet .. t.OOlfb.i@T:l.t:t:::::tftttttttfftftttt:t:::ttt:t:t~ttt::::t:tttt::t:tt:::::t:::t:t~:j:ttt~ttt:::f~ttt:tfftftttttUt::::::::::::::::::::t:~~tt::tt::~ttlljtt~@~i1M:lct~:~:m~:t~t:ttft:f~t:::tttt:~t:1 Liabilities And Fund Equity Accounts Payable 12,720 55600 30,577 ."......."..Ir=l...:ri;'I= Unreserved Fund Balance Appropriated 1 03,019 55910 117,336 Ig:tiB::Ynm~irffl~:~F.~:i,i!I~ooi:t::ii~r9imm~~~::::::~:::::~:::::::::j:~:~::::::::::::::i:::::::::;:;::::::::;:::;;::::::;:;:;j:::::::::::::::~~:::~:::::::::::::::::::::::::::::::::::::::::::Mj~~~:~:~m.:..:'.:::::::."::':::.::::::::::.:~:::~:::::'1~;1~: Unreserved Fund Balance Unappropriated 1 ,592,506 SS911 1,930,030 t_l.i__.~wI_'. [9rig::Ii~!E:A~~::f9.nifg9.ij~t::::::::::::::::::::::~:::~:~:::::::::::~:::::::::~::::::::::::::::::::::::::::::::)::}:::::~~::::::::::::::~::::::::::::::::~~:::::::::::::):::~::::~~::::::::~::::::::~:::~:::~:~::::::::::::::::~::::::~~::::::::)::::j:~:::::::j:::::::~):::::~:;Mt.~'~~~:~::::::::::....::::::m::~:::::::~::::::::m:r:m::::::~~::~~~t:t;8~ .. .. Page 69 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (88) 8EWER ., Results of Operation twi.::~UlW&ifffffff:t:::::::ff't'::ff:t:::::::ffffft:::tt:f:ttffttfff::::::::::::f::'::::r:::::fft:::::::::::::rr:fffff::::fff:::t:fff:mt:::fff:ml\};1tr:f::f:rllff:s.l~t:fll:ff:t:::::fz.mrr:f:r:':':j Detail Revenues And Other Sources Real Property Taxes 2,048,896 881001 2,002,942 t9:t!j!R~@ifiilijrt@r~!~it!i:i!i::!:::!::!!::@!!!: .::<:::::..::.::::::::::...;!i!i!:'i'!:::::t!!:m:::i:i!i!!!!'i::::::!:i!i:i:i!i':!i'i:i:i':!i:i!:::::!:!!!:!!!i:i!i!:'!::::::::::::.... i:i:::t.!I~!~~:!:m:!!i:::... "::.:..:.:::: ..... ... ...:!!i!i::g;OO~~,~:, Sewer Rents 1,143,975 882120 1,270,846 Interest & Penalties On Sewer Accts 14,366 882128 16,270 Water Service Charges 575 8S2144 500 J$;l,!!j!P~~tt,~M!':i"ij~9i1:i:!::m:!!!:'!::!!!!:!!!!!:::H ..'::':::i:i'i:::::':::ii?!':::':ri::!!!!:i!i:i!::i!':i!i'i!i:i::'::::i:::i!i!i:i!:!i!!!i'i!:::::::::::!i!i!i!:!i!!!!:i:!':::!!,,:!:,!i::!!:i:i:i!!ii!::!i!i:ii1*1I~~,!:i:i!i:'!i!!!!!:'!i!:!i!!!i!!!!!ii!i!i!i!!::!i!d:::!!'!!'i!!!:!:!i'i!i!!!iij:;~r.~!1j! Interest And Earnings 503,060 882401 568,750 !91!~:!ijl!li~Ef'AM!irmAA~x!i:!!i!!!!i:!!i!im!:::!:i:!!i!::ii!:!:::i:i:i:i:'::!:!::i!i!:!i!i::!:i!i!::i!!:!!i'i':!:::'i::!i!::i!i!i!i!i!:!i!i!i!::i'::::!:i!!:i:!!i!i!i!i!i'i!i'::':!:::::::i!!!i:!:i!i:::i!i!i'::::::::::::::!!:!i:!:!!i!i:i!i:i::!i:!!!!i'i:i!~~~!M!i!:!i!i!i!!!:!:!i:!!!:!::!i!::ii!!!:i!i:i!!!!:i!!!i!i:!:i!:!i!!!':::!i!!!ii!:!::!:g~1!!!!: Refunds of Prior Year's Expenditures 59 S82701 0 Premium & Accrued Interest On Obligations 882710 2,481 19!~ij!:M~~i~g!ii!!~iii!.~~!::!:!:::!!::::!!::!::!!!:!!:!!::!'!!:::!!!!!!!!::!:!:!!!i!':::!:::!!!!!:!:!:!i:!!ii!!!!!!':!!:!:!!!:::i:!!!!!:!i!:!!!:!:i:!'::!::!!!::::!:!!!!!!i!!:!:::i:::::::!!:!!:!!:!:!!!:::!!:!!:!i!':!:!::!::::!:::::!!:::!!:::!!!:!!!!!!!:!':!t!"!!';:~!!!!!!!!!!!!!!!:!!!!!:i:::::::::::!:!!!!:!!!!!:!:!:!!!!!!!:!::!:!::::!!!:':::!::::::!:!!:!:!::!:!:R,=!:: !9I~~!!!lnyl:!!!i!i!!!i:i:i!i!i:!'!!i'i!!:i:i!i!i!i:i!i!i!ii!i:::i:i'!:i:i::!:!!!:::;:i!;!i!;::!::!!::i!!:i!!:!:!::i!i!i!i!i!i!i:i:i!i!:!i!:i:;:::i:i:i!i:i!!!i!i!!:i!:!i'i'::::i!!:!:i!i!i!i:i'i::!i:i:::i!:!:::!:!:::!i!:!!!i!i:i!i::::!::::!::!!!i!!!i!i:i!i!i!:!!:"::i:::i!!:i!i:i:i!i!i!i!i:!!i!:!i:i!!:i!:!i!~~M9:m!li!!:i:i!'!i!i!i!::i::!::!::!i:i!!!i::!i:i!i!i!i!:!!:i!i!:!i!:!:!::i:i!!.:it:i!i!i!i!iI1~1~~!i! Interfund Transfers 349,201 S85031 234,240 IqtAJim,tenu~:.!ta.h,~ffi~:.:..::...':.......:':::i!!!i:i!!!:ii!!i!i!:!::!!i!i:!!i!!!i:i!i!i:::!:!:i!::i:!!!!i!i!i!::i!i:i!i!'::::::::':!!!!!i:i:i!!:!!i!i!i!i!::i::::!:!!!i!i!!!i:!!i!':i!:!!:::::::i:!:!!i!!!!!ii!:!i!:!:!:::!:::!!!i:i!i!i!i:i:::!!:!i!i:i!!:i:i!;!i!!!;:~1J.jij~;!;!;!i:;!!;:;:;':!:!!:::::itt:!!i!;!i:;!;;!;!i:i:;!!!:.....H;:;:ilf#.i9: t9Ii~!!em~~!!I~ffi~!:!!:!!!i:!!!!::::!!!!::!::::!!!!:!!:!:!:::':!!!::!:!:::::!!:!';:!::!!!:::!!:!:!'::"!:!:!'!:::!!:!!:!:!!!!!':t!::::!::!:'!::!i::i!i!!!:':::!::!::::::!::!:!!!:!!!:i:!!'::!:':'::!:!!:!!!:;!:i!!!i!!!!!:;i:::::!!!::!:!:!:!!!!!:;!!!!'!!!::!::!!::!!:!:!!!!!!::!::!:!:::!!!::::!!!:!!'!'1!i~1:!::!:::::'::!:!::!!:!:;::::!!!:!:!!!!::,!!:;!::!!!::!':::::::;:!::!:::!::!!!!::!:!!!:!!!~41p:: !qI~ji!Mj\J,!R'Ym!y.I;~ij]mwr:129f?:,~i':::::!!!!!;!:!;!!!;!!;::!!:;:;:!!!!i:!:!!;!;!!::!::;:;!'!;!:::'::::::!!i!:!i!;!!:i!:!;'i!;!;!:!!:;:!:;!i!;:!;::;'i!i!!!;!i:i!;!;!!::!!!:!!::!::;:!:;!:!i:i!i!!!!!i:i!i:!!i!:!i!!!i!i:i!:!i;!!!:i!~'!!i:'!~i::!i':'i:!!::i!:!:!i!i:i!i!i!:!::!!i::.H.......H.....::::::!!!:'iR'!J.!e ., ., Page 70 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (55) SEWER Results of Operation lQm.li!~ijijP.tW.ittt:::!:ttttttt!tttttttt:!ttt:!:t::!:!ttt:::ttttt:tt:titttttttttt:t!tttt:::tttttttttt!t:!:!:!m!:!Wt:t!:!tt~tttt:t!m!::~!:::~g~~itr::lIr:tt:!:::t:@Q.mt:ritII Detail Expenditures And Other Uses Judgements And Claims, Contr Expend 0 t9.!f.#.~!A~.ij~~~~!:~~::m~!ffi~::::::!::::::::i f:9ll~::~~t~tJ~~r.,tniliit:~ijRP?:Jti Sewer Administration, Pers Serv Sewer Administration, Contr Expend !9r~~::$lWifA#.iW~\Mf@Mh:::"" .. .. '" ." Page 71 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (5S) SEWER Changes in Fund Equity ~~i.~~$l@'iliit*ftt:m~ttt~t:~~t~tttt~~~tttt~ttitt~~ttttttttttttttttttttttttttt~t~ttttt~~tt~tttttt~ttt:~II':tt~t~tt~~l)t:~tt~JItl[Ij$lil~i.IJ!t~:r~::tt~~~~$.~~:t~:~:~tt:::'J ANALYSIS OF CHANGES IN FUND EQUITY Prior Period Adj-Increase To Fund Equity ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES .. . ., Page 72 2,041,292 89 S58012 2,041,381 4,060,132 4,405,988 1,695,525 1,695,525 1,695,525 4,096,029 3,744,188 2,047,366 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (55) 5EWER Budget 5ummary ~lillf~@ijli.ti(tttIttt:{????{{?{{{?{{?{jtttttt'::?lIt:lN.i!$mfMl?mHlilimW~:?'q~mIIMi.i.ij:~IIml?{{nil~t.Ji~tti::Il!{::Mli.iI$.:f$1:@':tl Estimated Revenues And Other Sources Est Rev - Real Property Taxes 551049B 2,002,942 2,002,942 0 1,914,939 Est Rev - Real Property Tax Items 551099B 0 0 0 0 Est Rev _ Departmental Income 551299B 1,212,069 1,212,069 0 1,225,960 Est Rev-Intergovernmental Charges 552399B 0 0 0 0 Est Rev - Use of Money And Property 552499B 580,975 580,975 0 407,484 Est Rev - Sale of Prop And Comp For Loss 552699B 0 0 0 0 Est Rev-Miscellaneous Local 50urces 552799B 0 0 0 0 ... Est Rev - Interfund Revenues 552801 BOO 0 0 Est Rev _ 5tate Aid 553099B 0 0 0 0 Est Rev - Federal Aid 554099B 0 0 0 0 ]9tf!::~Im#!~J@,!!9.i!:i:i:::::::i::::::::::::::t:i:::::i:::::I:::::::::i::::::::::::::::::i:i:::::::::':::::i':::::i:i:\:\t:::::::::::::::::::::::::::::':::::::::::::::::~~!!~i!g::::::::::::::::::i::::::::i:\::'::::::::~;!'!~i!!I::::::::::::::::::::::i::f:'):::.:(.::JiHH':::'!~!!;~~: Estimated _ Interfund Transfer 555031 B 40,000 40,000 0 125,000 Appropriated Reserve 55511 B 103,019 118,019 15,000 117,336 Obligations Authorized 55530B 0 0 0 Estimated Proceeds of Obligations 555799B 0 0 0 Appropriated Fund Balance 55599B 0 ., .. Page 73 OSC Municipality Code 130386800000 .., (SS) SEWER TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Budget 8ummary ~~~t~~_tttttttttttt::::::::'tttt:ttttt:t::t:t:::::::t'tm:::::E:*-it:~m:U:tt@liij~t~OO!~ttUtt::~:~'t:tmr:::,ttJ;;llllMijjm.t.:t:::::t1!t:A~\iii.MI::i@.~w:::m Appropriations And Other Uses App - General Government 8upport App - Home And Community 8ervices App-Employee Benefits App - Debt 8ervice ............................................... IP!Al.i;;:;ipW9M~!I9.~~::::: .: .nnnn.:::::.::.. .. Budgetary Provision For Other Uses App - Interfund Transfer illliil'II~Ij,i:I~~III~~I::~~~III::::::IIIII:ill:::I:I::::::: ., ." .." S819998 79,642 79,542 100 73,383 S889998 1,212,816 1,227,816 -15,000 1,269,795 8891998 1,270 1 ,270 0 1,306 8898998 2,645,277 2,645,377 -100 2,446,235 ....... ... ... ::::::::::::::::,::::::::::::::::::~ftA~:::::::::::::::::::::::::':::::::"::::::~;i~~;I!}}:::}::::l!!;OOg::::::::::::::::::::::(:~~t~;tj~:: 889628 0 8899998 0 :n..i;i:;;;:::::;::::I::::'j:.:iiiii:;:;:;::iii;;;;i..::i::i:i:::::jii::il~1,tl~~~~:::i;il:i::;.:::i:i;::l:i;i::,:.~::::.:::'~i~~;~~;;;:.j.:.:::::.:::::li:i::::::ilII:i:i:l~~~~IJ,I:li::llilllll::jlliiil!il:i:~~~I~~~~i Page 74 OSC Municipality Code 130386800000 '- TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SW) WATER Balance Sheet ~ii~~.!tft:~::::tt:~:::i:iImtt:fffff:tt~fffffffmttttttt]}tt:::t::ttfIII:!:!::::::II::~iI::::I:iiii~::Iii::::f:::~::f:~:tttt::t@IJ:::::f:~:~ff~Witftt:JtWt~~.t.~mtfW::~:t:~ftf$!il~t~::::i::::~~:f~:~l Assets Cash In Time Deposits 272,113 SW201 243,017 Investments In Securities o SW450 o 19I~~::m!i~!:il!i,i(,~liiJI$~:: ", "" "", Due From Other Funds .......................... .....".................... .......................... .......................... .. ................,.......... ........."..,................. .... ............................. ." ...................... .........,............. ...................... ....................... ........,............. . . . . . . . . . . . . . . . . . . . . . . . ....... .......... ...................... .,,,. ........................... ........................... ........................... ........................... ......................... ..................,... 193,859 SW350 179,233 o SW380 1,071 :'::~:'::~:::::::::::!~::::::::::::~:~:!:~:::::~:~::11!:g!!:::::::::::::::::::::::~:::::~::::::::':::::!:!:::::::::::::::::::::::Li::::1'~l.il! 1 ,543 SW391 4,688 :::::~:::i:::::::::::::::::~::!::::~::i:::!::::!:i::::::::::::'i:m:~:::::~:::i:::::!::::::::::::~::::::::~::::::::::::::::!::::~::::'::::::::~:::::m::::::,~f:~:: :::~,:::::::~:::::::!::!::!:::::::::::~::::::!::lt!1i::::~::::::::::::!::::::::::::::::~::::::::!:::::::::::::::::::::::::::::~:::::::::,:!~i'R~ Water Rents Receivable Accounts Receivable - 19I~~)~~!:i~iii:.f:I.:::~~:~::::::!::::::::~::~:!:::!:::!!:::::::::!::::::!:!:::::~!!:::::!:::::::::~::::::!~::::!::!::::::::::::::I!:!:::::::::::::::::::::!~:~:::~:::~::::!::!:!:::::::!:::!:::~::!:::::~:::::!!~:::: ]~i),!tiHi:l~iI::::::::!::::::::::::~:~~~:::::~::::::;::':;:, ,. ..:::..:' ,:.:::::::rr/::(::::i/::::::\:::::::::::i:::::::::::::::::::~::::::::::::!!:::::::::::::::::::::::::::::::::::::;::::::::: .. .. Page 75 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SW) WATER Balance Sheet ... ~o.aW@tili$.M&.ft:::\)f){f)ffff))::r))1ttt=:t:1ttt:::=ttttt=)\:tt:r:=:=\))))::::\r:tttt:):=::::@@II1tt=::=::ttlttt:Wr::t)tI:t,*~Itt::)1::ttll{:tmmli$W:::::tH:t:II\::1:1t::=::IQ.Mt@=t1:tt:)=:1 Liabilities And Fund Equity Accounts Payable 21,876 SW600 22,292 TB!~~liS~H~~i:i,*l,If::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::1::::::::::::::::::::::::::::::::::::::: :::::::::::::::::1::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::i1~!l~::::.:::::::::::::::::::::::::::::::: .. ........::;::.:::::::::.::.. m~!I!: Due To Other Funds 31,013 SW630 22,070 ~~~. ~r::~ Unreserved Fund Balance Appropriated 72,325 SW91 0 83,185 i~"'.-~'\. ... 1/111 Page 76 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SW) WATER .. Results of Operation tWt:~~~_::tt:t:ttt:~:~t::::tttttttt:ttt~ttttttttt:t~:~t:~tt:~:~:~tt:t~:t~t:~:~:t~:~:~tttttttt:t~:~:~:t~:~:~:~:~t:t~:~t:~:~mtt~:lIttttt~~t~:~tt:~:::~:lIt:~:~:lWi;iMilit:~tH::~ttttt~OO3.tttt{tl Detail Revenues And other Sources Real Property Taxes 431,541 SW1001 559,875 ,....""... ....................... .. ..... . . ...................... ..........................................."...,......... . ..............."....., ..... , ............... t9.X4.~\t.#@re~~mf~[@M:r:::: .. .:::::::::)):,:::,:,!,!::!:!,. .~:~!:!:;~!:!~!~:~d::::!:;;!:!:;~;:~:::::::::;:;:::;:;::I::\::~::t:::::;~::::r::::;:::::::::::::::::::. .'. .~::::::::::::::::~~1~~fmf:::::::::::::::::::::::::::::!!:f!:::::!:!:::::::::~ ..::::.... .Ut!l~: Metered Water Sales 516,377 SW2140 517,787 Unmetered Water Sales 89,842 SW2142 64,101 Water Service Charges 1,050 SW2144 0 Interest & Penalties On Water Rents 8,117 SW2148 6,893 t9r~~::p~~ii~Mi,::~if8i1::::!:!!.::..:::::::::.::::::.::::::H"H::"':::.'::::::::::!::;:::::::::::::::::::::::::::::~:::::::~::~~::!!:m:I::~!::::::::;~::::;:::::::::'::::::::::!~~~!::::::!1:~;1::!:~:~~:~::::::::::::~::!::::::~:::~:::::::::!~::::::::::~:::!!!~!~:::::::I!~r~! Interest And Earnings 14,509 SW2401 11,724 !f.tt#'!:!AAgf:M9ffli~::~i~~tm#tW'~:~:::::::...:....:':::':::..':'.: ':::::j:~~::::::::::::::::;::::::::!;:;!!!;:::;::!;:;:::::;:::::;:::::I:I:;:::::::::;:;:;:::::;::::::::::!:!:::L:: .:.... ::.::. :::::::~:::1,!:g::::::~!:::::::::::::::::::::!!!::::~:::!!:!:I!:::::::::::::::!::!:!:!::::~:~:::::::::::~:'1;.19t. Sales of Equipment 3,475 SW2665 1,950 19re;;!iffl::I:i9g~r1:~iiij:98.r~i,9r::f~:!~?~~!:~~:::!::::~::::!!:!~:~~:~~!:~:::~::!::!::::::::::!!!~!::::!::::::~::::::~!:!!::::::::::::::::::::::::::::::::!:!::::::::~~::::::::::::::!::::!:!:!~::::::::::::~!:~::::::::::~~irf,::::::~~::::::~:::~!~:::::~:~~::::::~::!::::::::~:::~:::::!:~::::::::::~:::::::::::::::~::~::::::::,1~~::: Refunds of Prior Year's Expenditures 83 SW2701 2,103 t9r~~::~~~~!~~:~~::~#.@W\::m::~:):i:;::::::::::!:::::::m::::::::i!::i:!m:::::i::::!:!::::::!::::::::::::::::::::::!::::::::::::::::::::::::::::::i:i:::::::::i::~~~:::::~::tm:i:::;::!:!@~!::::::~::\::\:::::::n::!::::~::)r!:::):::::::::n:::m::::::::m::!!:::::::!:~!~:)::!::::::::;:'!;::!i:i::!i~j,~~ !91~t::l.li9.~ij~:!:::::!:!::::::::::::::::::::~!:::::!:::::::!:::::!:!::!!::::!:!!:::!:!:!:!:::!!::::::~:::::::~:::::!:::::::::!::::::!::~::::::::::::~::~:::::~:::~:::!~!::!~':!:::::::!:::::!:::::::!:::::::!:::::::::::::::!:::::::::::~:!:::::::!:::::::::::::::::::!:::!:::~:!::::::::::~!::::!::!:::::::::::::::,;jll.!I::~:!::::::::::::::::!::~::::::::!:~:::::::::::::::::!:!:::::!:::::~:::::::::::::::::j:;,.~:: Interfund Transfers 70,000 SW5031 75,621 !gI.#'~!:m!~,#:~'::tri"M~i::~:~:~!::~::::::::::::::::!:::::::::::::::::::::::::::::::::::::::~:::::!::::r::'::!r~::!~::::~~~~:::~:::::~:~~:!!:!!!!:~::::::!::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::!::~:::!:::::!:::!:::::!:!:::::::::j::::::::!:t#:i:!AA::::::::::::::::::::!:::::::::!:::~:::::::::::::::!:::::!:!:::::::::::::::::::::::::!:~:!::::@!l.'!~: !9r#,g!~N~t~ij~I!!:II:::~!:~::::::'~::::~~!~::::::::::::::::::::::~:::::~~:::::::::::::~::::::::::::::t!~~:~:~~:::::~:~::~~~~~~::::::::::~:::::::::::~:::::::::::::::~::::::::::::::::::::::::::::::::::::~:::::::::::~:~!::~~~:::~:~:~:::::~~:!::i!:~:::::::~:::::!i:~~!t::::::::i:~:~:::::~~~:::~::t~i:!:M::I::i::::::::::::::::::::::::::~:~~!:~~::~i:i:~::!~:::::::~:::~::::::::::::~:~::::~:::::~::::l!;~~':: !9rig:gi!i,i,::R~Mim~~!M~:p~r~99ffi~::::::::::!::::i::::::::~i:~:::::::::::::::::::::!::::::::::::::i::::::~::::::::::::::~::~:::::::~::i:::::::::::::i:::::::::::~:::::~:!:::!:::~:~:::::::::::::::::::::!::::::~:::::::::~~::'~::::'~111.!1:::::::;:;:':::(':. ::':':::::::::::::::::r::::::::::~:::~j:;~f.~~9,I~ .4f </II Page 77 OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SW) WATER Results of Operation It~W~mWftt~~:tttftt:ttt~:~:tt::t~:~tttttfttt:~:~:~t:~:~:~ttttt:ttttt:ttttit~ttttittt~:t:tttt:::~:::~:l:::::ttit:::::1M::t::::~tt~@2tttttm:tt~~lmm.lW::tlltm:m::::::t::~m::~tt:ttl Detail Expenditures And Other Uses Judgements And Claims, Contr Expend - Social Security, Empl Bnfts Worker's Compensation, Empl Bnfts Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes 191 ,350 243,000 Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes 45,122 106,698 - .. Page 78 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SW) WATER Changes in Fund Equity ~A~liim~IAAiftt:ttttII~tttttttttttt~:ttttttitttttttttttttttttt::itttttttt~ttttttttttit@IIntttttt:OOQ.?ltt~~t~~:tn~:t~iWl'&!:@Mtlltttittt~l:it.$.ttit~:t:~:n ANALYSIS OF CHANGES IN FUND EQUITY ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES 382,821 89 SW8015 382,732 1,134,994 1,103,100 414,626 414,626 Prior Period Adj - Decrease In fund Equity 414,626 1,240,054 1,271,033 383,647 .. ." .. Page 79 OSC Municipality Code 130386800000 ., TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SW) WATER Budget Summary ~mlltlM@t:jiOOi#t:::::::::tttt:t:::t:t:tt:t::t:ttt::tt:tttt:tttttn:t(4.it.~5t:lIt::tml.I::~:::t:WttJM~~t~:ttJlttt);~it1m.W@.ttttlm@A~i#.iWf~:t:1 Estimated Revenues And Other Sources ., Est Rev - Real Property Taxes SW1049B 559,875 559,875 Est Rev - Real Property Tax Items SW1099B 0 0 Est Rev - Departmental Income SW1299B 567,601 567,601 Est Rev-Intergovernmental Charges SW2399B 0 0 Est Rev - Use of Money And Property SW2499B 8,770 8,770 Est Rev - Sale of Prop And Comp For Loss SW2699B 300 300 Est Rev-Miscellaneous Local Sources SW2799B 0 0 Est Rev - Interfund Revenues SW2801 BOO Est Rev - State Aid SW3099B 0 0 Est Rev - Federal Aid SW4099B 0 [9!i~!!g!iI!iijJmy,~~!it!:::::...:.:...:.:.::.:...::.....!i!:!::!!::'1!i1::!i:::!::!:!:!:!:!!!:!!j:!!!:!:!!!::!:!::!!!:!!!!!!:!!:::!i:::::i::::::::!:!M*,lmiW!:!!!!!:!:::!:!:!!::!:::!:::!:!!::j::::::1i!1!!i~!!! Estimated - Interfund Transfer SW5031 B 48,610 48,610 Appropriated Reserve SW511 BOO Obligations Authorized SW530B 0 0 Estimated Proceeds of Obligations SW5799B 0 0 Appropriated Fund Balance SW599B 72,325 110,872 ., ., Page 80 o 545,964 o 0 o 608,412 o 0 o 7,926 o 300 o 0 o 0 o 0 o 0 ...................................... ..,................,..,..... i::i:i!rI!!i:::!:!!i:::!!:::::i!:f:i::!:::!!!~!r::..:::ii::!!::J~1~;~9g:: o 0 o 0 o 0 o 0 38,547 86,185 ....... i.~*-;~~:..:. :.I:.:.::.::.:.:.:~.:!.t.:....:.'~.:....:.::.::.:.::.l.:~.:...~~.::..:.:.:.=.::.::....:.:... :{}):!:!:~!;gt:.... .~",,_~~f OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (SW) WATER Budget Summary @.j.}ii)~~.ffffffftffi:i:i:i:i:i:ttfffftf::::f:ttt:ftt:t:::mtf;jj~:::m::ttt$.l.Ml':~tHII:t::t:fiMl:lif.~:~t:::tlWtttP!@l.'M<~MtttlWt~~ii.illllf~::::::1 Appropriations And Other Uses App - General Government Support SW1999B 74,745 74,730 15 63,640 App - Home And Community Services SW8999B 593,141 593,141 0 629,668 App-Employee Benefits SW9199B 3,420 3,435 -15 3,265 App - Debt Service SW9899B 586,175 586,175 0 552,214 ..........~.......~....-.........................~... .................................................................... ........................................... ................................. ....................... [{tt4@I~pf9li.~~liiji:::?::::!:::i .... .. ... .i:::::::::::::::::::::::::::::::i:)::::::!::::':::::::::::::::::i:::i:i::::i:::::':"":J~,=~r~~':::::::::::/)r:::::::?:::,;Qta~@::m:m:m:{ !!!!!':!!!::::i:?:::::::g:!:?:/' ::'@~l!i!!! Budgetary Provision For Other Uses SW962B 0 0 0 App - Interfund Transfer SW9999B 0 38,547 -38,547 0 ., - .. Page 81 OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (TA) AGENCY Balance Sheet ~ij~~~.@III:t~tttt~~t~tjttt~~:~t:~:~:tt:tt::~tttttttj:t~:~~tttt~:~:tt~:tttttt~IIIII~tt::jIIIII:tttt~ttttt:W::~:j:~~tttt~t~ttttj~~lIt~~~@igmItl~tj:~:tttt~:ttj::::~j:t~:~l Assets Time Deposits 348,892 TA201 958,857 Accrued Interest Receivable o TA381 Due From Other Funds 347 T A391 ., - - Page 82 OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (TA) AGENCY Balance Sheet - tml~flM~iiitt:~~:ft~t~~~~~f~~~~~~~~~~ft~~~~~~~~~tttttt:t~~~~~:::~~~~~tt~~~~~tft~tt~~~~~:~tttttttft~~:~~t~t:~~t~~~t:~~~t~~~~~~~~~~~~~~~~~~~~~~~~~~~tt~~~:~tt~~~~~t~t~Ht~:t~,tftt~~~~~t~,ttttt:ll~tt~~wm'ttHttt/{f:t~~~:tt:~~tt:/~::~I Liabilities And Fund Equity Due To Other Funds 10,432 TA630 15,312 .. . ...... . .. ......................,....................".............. ..... . ......... ................. ............... T:...,..:.:,:......,.:.,...:..::.,"':...,.,..:...,".:..:...'::i.:".":":~:.':.D.:.:.:::.:.:~:.:..:'.:':::~:.:::::.:.""',..:..:.:.:::.":.:::.:.::~:.::.N..: .... ".......~..::.',..F....:.:.:.>.:::.:.:....,....:....:.d...:...,...*:.:..:...::..:..:..:..:..~.{.. ....... .......................,.ft: :.."'2.... .... ",or. ."',.,. ::n~~:~:M~ g~ ::l:w ~n~I': u~. ~ ~f~~~!~~~~~~~?~~~~~~?:~!~~~:~~~:~:~:::!:~~::~~:::;:;:::;:~:~:~:~::::~:~:~:~::::::::~:::~:~~;~;~~~~;~;~;~;~t;;;;;~~~;ii~(':. :: ::::.. :.. :', .......:.....:...:..... .:.... :;.:.\~~~i~~~ff~~it~i)~~i~i~~~i~i~j~if~;~i;it:;)j~~~~; ........... ..... .:. ::::. ...... ~~~~~~~~;;~;~;~~;[ Group Insurance 1,214 T A20 4,461 Assoc & Union Dues 37 TA24 37 Guaranty & Bid Deposits 313,625 TA30 515,847 Bail Deposits 565 T A35 565 other Funds (specify) 23,366 TA85 422,635 .. .....:.:.:.:.:.:.:.:.:.:.:.:...:.:.:...........:...:.:.:.:.:.:.:.:.:.:.:.:.:.:.:...............:.:..,:.:.:-:.:...:.:.:.:.:.:.:.:.:.:.:.:.:.:.;.:...:.:...:.:.....:.:.:.;.:.:.:.:.:.:.:.:.:.:.;.;.:.:.:.:.:.:.:.:.:-:.:.:.:.:.:.:. ....................................... 1Q1At: Agern;y U~bilimi$.. :::::: .. ... :/({:},:::,:,:",::(:~:::::::,::(..... ::::.:.:::::::.: ..... .....:-:.:.:..::.:.:::::.::::..:,:.:...::::::,::::.:::::.:::::::::t:.::..,,,.::::::,::::::::::::::,:::::::,::,:::::,:,::::,::: :':i:::::::::::::i::~a:~j~1"':':':::':::'::"'::: .:.'.\i":':::'::~~~~~~::............ i::};:;!~~;~~! _"_~...t_tilli_iM~~~!I" "" - Page 83 OSC Municipality Code 130386800000 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Balance Sheet .Mf#.w.Mp.:tl~~tfi((iiii:::)J):mi'i')i'fffi'i'i':((:::::::::i'i':(i::f:ti:=:':=)i'i'i'i'i'f:'::i':::tifmt:::m(:!:f!(:m,{Iir:III:i'fi'ffi':t::@:rl!(:)i'i'i'f@~((t(ttllf!:t:@C.<<i~ti'llf::::::i'f:::i::~~((i:::('i':::l - .. - Page 84 - TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Balance Sheet t.~!'flM~Et:r:tttttftt:r:::::::::tttftt:t:t::::::tftt:,:,,,:::r'ft:t,:,:::tt::t:::t:t'ftftt::fitttt::::trtttfff::ttfttm:::::::::trt::::t~~t:rt:t::::t::m::t:J~@~r:twttt:::::::':::r~~t:,tt't:::ttl ~ - - Page 85 ., TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Results of Operation tmWBf:lMi.t:=:tttt::t::::t:fftttttt:tt::ttt:j=t:t::::t:tj=fj:j=t:tt:jt::@ttt:t:tt:t::tttjttttt::tt::::tt:fttt:t:j::tttn:fftff:lQ.~:f;nttft:mitJt.ijp.~ttHt:::tftt~l>>.~:f:::::::==:ttl .. - - Page 86 ... TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 Results of Operation tlm.W~ijMtrtrt:III:r:I:::j:rtj:j:j:j:::rtrjI:::rjI:jt:r:I:j:j:trrrtrrrt:ttttt:t::ttj::ttttr:tIt:rjttJJt:::rrrrrrmtr:t:jt~trr:tt:mtnll~#i;Q.lm.ilft:Hrrtrr::j200;H:::j:::rtr:I ... ... ... Page 87 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 (V) DEBT SERVICE Changes in Fund Equity ~i.jii!I:mlWl_tttit:t::titt@ttt:tttttittt@tJittt:i:ttitttt:i:ttit:i:i:ti:i:tttittt:tttttttit:i:tit:i:ttitt:i:tit:i:itlltitt:i:i:tm~~i:tti:it@HI:ti:i~l:l~~mm~:i:i:i:mi:ttttt~$.:i:i:titt:ti1 ANALYSIS OF CHANGES IN FUND EQUITY o o o o o o .. .. .. Page 88 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 0/'1) NON-CURRENT GOV LIABILITY Balance Sheet liji:b':eii$iiiir::::t::::::::::::;::::::r','::,::r::::t'f:",::,:,:m::::::::::tt,:",t:::::trt::t'""f'::'ff::::f,:t::,:,:,:::,:::::::::::::::::::,::::::::::t:::::rm::::::::::::::::t:,:,:::,:,:::::::m::m:::::::::::::::tji:::t::::::::::t::::2002,:::,:,::::t::::::Hlt:'EijpCMe:':':'W:':,:,:::,:,:,:",t2003,:,:,:,:",:,t:"':"l ...................... ................................................................................................................................................... .................................. ........... ................. ..........................................................,', Assets Total Non-Current Govt Liabilities 26,989,852 W129 27,207,179 ,_iWl=~~~.w0'.'f&'WI.B=_=11 .. - .. Page 89 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Annual Update Document For the Fiscal Year Ending 2003 0fV) NON-CURRENT GOV LIABILITY Balance Sheet .. 1$.M~tl@mm_t/ff::f:r,:::t:ff/ttf:{)rrr::t't:t:ff::ttt:r::r:j//::t::,::t:/:t::::r:::,::rrtr::r://::::t:ttrt:ttttfff/::m::t:::tttrrlil~tttt/:t{lIt/:iOO@li.~t:::Jt::r{r:tt:::t2QqWtf:t::::r::'fj Liabilities And Fund Equity Bond Anticipation Notes Payable 0 W626 illf;ttIB:NA~I:tmr~ij!~::::::'::::::::::::r::: ;.;.:,,:,:;;;::;;:;:;:;:;:::::;;;::;:;::,::;>::\::,::::::'::':;:?::;':::::>'.' '. ....:.:::::::::=t::::::::::.:::;::::,;:::::,::::::::::..:. :....:..::.:. . : :"':" : ":.' ':..;::: :::::.::: --:-. :::'.::. ;.: ~:": ::: ':'::'. .:: .' .. ;:.",:..:::: .:::::::::~: Landfill Closure & Post Closure 150,000 W684 75,000 Judgments And Claims Payable 40,000 W686 80,000 Compensated Absences 119,296 W687 127,623 191Ig~;mWr~~!.:::::::::::::::::::::::;::::::::::,:,:,:::":,':::::::::{. '::..:.:..::':.":::::'.::::::,:.,.,':,:,.,.,.:..::;::':;:,:;:,;::;:;;:;:;::;:;;:;:::,,:,,: ........ ...:::::::':::'::':':'::::::::::::::::::::::::::::;m!1.~M::::'::::::::::'::::' ............: ................}~!';f~~: Bonds Payable 26,680,556 W628 26,924,556 Eiiii_="~tml~li~ - .. Page 90 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Financial Comments For the Fiscal Year Ending 2003 (DB) HIGHWAY-PART-TOWN Adiustment Reason Account Code DB8012 REIMBURSMENT FROM PARKLAND TRUST FOR PAVING NOT RECORDED Account Code DB801 ~ NO ADJUSTMENT ., - ., Page 91 OSC Municipality Code 13038E - TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Water and Other Purposes Exempt From Constitutional Debt Limit Bond Anticipation Note No. 2000000003 EDPCODE Amoun Month and Year of Issue 12/23/199 Purpose of Issue ,HWAY EQUIPMENT Current Interest Rate .9500 Outstanding Beginning of Year :>P18661 296,00 Issued During the Fiscal Year (do not include renewals here) 2P18663 Paid During the Fiscal Year (do not include renewals here) 2P18665 124,00 iOutstanding End of the Fiscal Year 2P18667 172,00 Final Maturity Date 8/12/2004 ... Bond Anticipation Note No. 2001000002 EDPCODE Amoun Month and Year of Issue 5/3/2001 Purpose of Issue Water Current Interest Rate 1.0800 Outstanding Beginning of Year ~P18661 1,900,000 Issued During the Fiscal Year (do not include renewals here) 2P18663 e Paid During the Fiscal Year (do not include renewals here) 2P18665 50,OOe Outstanding End of the Fiscal Year :>P18667 1,850,00e Final Maturity Date 4/30/2004 Bond Anticipation Note No. 2001000009 EDPCODE Amoun Month and Year of Issue 7/6/2001 Purpose of Issue water Current Interest Rate 1.7500 Outstanding Beginning of Year 2P18661 147,000 Issued During the Fiscal Year (do not include renewals here) ~P18663 0 Paid During the Fiscal Year (do not include renewals here) ~P18665 147,000 - Outstanding End of the Fiscal Year 2P18667 0 Final Maturity Date 3/6/2003 Bond Anticipation Note No. 2002000002 EDPCODE Amoun Month and Year of Issue 5/2/206~ Purpose of Issue Wate Current Interest Rate 1 .0800 Outstanding Beginning of Year 2P18661 3,250,06c Issued During the Fiscal Year (do not include renewals here) 2P18663 a Paid During the Fiscal Year (do not include renewals here) ~P18665 150,000 Outstanding End of the Fiscal Year ~P18667 3,100,000 Final Maturity Date 4/30/2004 - Page 92 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Water and Other Purposes Exempt From Constitutional Debt Limit Bond Anticipation Note No. 2002000003 EDPCODE Amoun Month and Year of Issue 2/14/2002 Purpose of Issue Highway Equipmenl Current Interest Rate .9500 Outstanding Beginning of Year ~P18661 200,000 Issued During the Fiscal Year (do not include renewals here) ~P18663 a Paid During the Fiscal Year (do not include renewals here) ;)P18665 50,000 Outstanding End of the Fiscal Year :>p18667 150,000 Final Maturity Date 8/12/2004 Bond Anticipation Note No. 2001000001 EDPCODE Amoun Month and Year of Issue 3/6/2001 Purpose of Issue Sewel !Current Interest Rate 1.750C Outstanding Beginning of Year 2P18661 955,444 Issued During the Fiscal Year (do not include renewals here) 2P18663 0 Paid During the Fiscal Year (do not include renewals here) 2P18665 955,444 Outstanding End of the Fiscal Year 2P18667 a Final Maturity Date 3/6/2003 Bond Anticipation Note No. 2000000001 EDPCODE Amoun Month and Year of Issue 7/9/1998 Purpose of Issue r..JA TER AND SEWER Current Interest Rate 1.3400 Outstanding Beginning of Year 2P18661 700,000 Issued During the Fiscal Year (do not include renewals here) 2P18663 0 Paid During the Fiscal Year (do not include renewals here) ~P18665 580,00C Ioutstanding End of the Fiscal Year ~P18667 120,00C .,=inal Maturity Date 3/5/2004 - Page 93 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Water and Other Purposes Exempt From Constitutional Debt Limit Bond Anticipation Note No. 2002000001 EDPCODE Amoun Month and Year of Issue 12/18/2002 Purpose of Issue Water :urrent Interest Rate .9500 Outstanding Beginning of Year ~P18661 205,000 Issued During the Fiscal Year (do not include renewals here) ?P18663 C Paid During the Fiscal Year (do not include renewals here) 'JP18665 20,000 putstanding End of the Fiscal Year :>p18667 185,OOC Final Maturity Date 8/12/2004 - Total Bond Anticipation Note Amoun Outstanding Beginning of Year 7,653,444 Issued During Fiscal Year 0 Paid During Fiscal Year 2,076,444 Outstanding End of Year 5,577,000 Irk* Bond Anticipation Notes Redeemed From Bond Proceeds During Fiscal Year 2P18885 1,519,444 .. - Page 94 OSC Municipality Code 130386800000 - TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Water and Other Purposes Exempt From Constitutional Debt Limit Bond No. 2000000006 EDPCODE Amoun Month and Year of Issue 3/1/197~ Purpose of Issue SEWER Current Interest Rate 5.800 Outstanding Beginning of Year 2P18671 19,50 Issued During the Fiscal Year (do not include renewals here) ~P18673 Paid During the Fiscal Year (do not include renewals here) ~P18675 19,50 putstanding End of the Fiscal Year ~P18677 Final Maturity Date 3/1/200 Bond No. 2000000008 EDPCODE Amoun Month and Year of Issue 5/1/1977 Purpose of Issue SEWER Current Interest Rate 5.3750 Outstanding Beginning of Year ~P18671 196,OOC Issued During the Fiscal Year (do not include renewals here) ?P18673 C Paid During the Fiscal Year (do not include renewals here) 2P18675 98,000 Outstanding End of the Fiscal Year 2P18677 98,000 Final Maturity Date 5/1/2004 Bond No. 2003000006 EDPCODE Amoun Month and Year of Issue 3/5/2003 Purpose of Issue Wate \Current Interest Rate 4.070C Outstanding Beginning of Year ~P18671 Issued During the Fiscal Year (do not include renewals here) !2P18673 564,000 Paid During the Fiscal Year (do not include renewals here) ~P18675 Outstanding End of the Fiscal Year ~P18677 564,00C ... I=inal Maturity Date 3/1/2023 Bond No. 2000000005 EDPCODE Amoun Month and Year of Issue 3/1/1974 Purpose of Issue WATER Current Interest Rate 5.800C Outstanding Beginning of Year 2P18671 16,00C Issued During the Fiscal Year (do not include renewals here) 2P18673 0 Paid During the Fiscal Year (do not include renewals here) I2P18675 16,000 Outstanding End of the Fiscal Year I2P18677 C Final Maturity Date 3/1/200:3 - Page 95 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Water and Other Purposes Exempt From Constitutional Debt Limit Bond No. 2000000007 EDPCODE Amoun Month and Year of Issue 5/1/1977 Purpose of Issue WATER Current Interest Rate 5.375C !Outstanding Beginning of Year ~P18671 28,OOC Issued During the Fiscal Year (do not include renewals here) ~P18673 C Paid During the Fiscal Year (do not include renewals here) ~P18675 14,000 Outstanding End of the Fiscal Year I2P18677 14,000 Final Maturity Date 5/1/2004 - Bond No. 2001000005 EDPCODE Amoun Month and Year of Issue 10/2/2001 Purpose of Issue Watel Current Interest Rate 3.7220 Outstanding Beginning of Year 2P18671 403,40C Issued During the Fiscal Year (do not include renewals here) 2P18673 (j Paid During the Fiscal Year (do not include renewals here) 2P18675 47,000 Outstanding End of the Fiscal Year ~P18677 356,400 Final Maturity Date 8/15/2011 Bond No. 2000000004 EDPCODE Amount Month and Year of Issue 2/15/1973 Purpose of Issue WATER Current Interest Rate 5.0000 Outstanding Beginning of Year 2P18671 1,200 Issued During the Fiscal Year (do not include renewals here) ?P18673 C Paid During the Fiscal Year (do not include renewals here) 2P18675 1,20C .. Outstanding End of the Fiscal Year 2P18677 0 Final Maturity Date 11/15/2003 Bond No. 2000000010 EDPCODE Amoun Month and Year of Issue 12/1/1985 Purpose of Issue WATER Current Interest Rate 7.7500 Outstanding Beginning of Year I2P18671 27,45C Issued During the Fiscal Year (do not include renewals here) I2P18673 0 Paid During the Fiscal Year (do not include renewals here) ?P18675 9,150 !Outstanding End of the Fiscal Year 2P18677 18,300 Final Maturity Date 6/1/2005 - Page 96 OSC Municipality Code 130386800000 ... TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Water and Other Purposes Exempt From Constitutional Debt Limit Bond No. 2000000009 EDPCODE Amoun Month and Year of Issue 5/1/1977 Purpose of Issue WATER Current Interest Rate 5.3750 Outstanding Beginning of Year 2P18671 199,000 Issued During the Fiscal Year (do not include renewals here) 2P18673 0 Paid During the Fiscal Year (do not include renewals here) 2P18675 98,000 Outstanding End of the Fiscal Year 2P18677 101,000 Final Maturity Date 5/1/2004 Bond No. 2000000012 EDPCODE Amoun Month and Year of Issue 7/30/1998 Purpose of Issue WATER ~urrent Interest Rate 3.7000 Outstanding Beginning of Year 2P18671 430,000 Issued During the Fiscal Year (do not include renewals here) 2P18673 0 Paid During the Fiscal Year (do not include renewals here) 2P18675 20,000 !Outstanding End of the Fiscal Year 2P18677 410,OOe Final Maturity Date 10/1/2018 Total Bond Amount Outstanding Beginning of Year 1,320,550 Issued During Fiscal Year 564,000 Paid During Fiscal Year 322,850 Outstanding End of Year 1,561,700 q .. .. Page 97 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Indebtedness Not Exempt From Constitutional Debt Limit Bond Anticipation Note No. 2003000004 EDPCODE Amoun Month and Year of Issue 8/12/2003 Purpose of Issue Fuel Storage Tank Current Interest Rate 1 .1400 Outstanding Beginning of Year 2P18761 Issued During the Fiscal Year (do not include renewals here) 2P18763 200,000 Paid During the Fiscal Year (do not include renewals here) 'P18765 Outstanding End of the Fiscal Year 'P18767 200,000 t:inal Maturity Date 8/12/2008 Bond Anticipation Note No. 2003000003 EDPCODE Amoun Month and Year of Issue 8/12/2002 Purpose of Issue Highway Resurfacing Current Interest Rate 1 .1400 Dutstanding Beginning of Year 2P18761 Issued During the Fiscal Year (do not include renewals here) 'P18763 315,000 Paid During the Fiscal Year (do not include renewals here) 2P18765 outstanding End of the Fiscal Year 2P18767 315,000 Final Maturity Date 8/12/2013 Bond Anticipation Note No. 2003000002 EDPCODE Amount Month and Year of Issue 8/12/2003 Purpose of Issue Recycle Center Current Interest Rate 1 .1460 Outstanding Beginning of Year 2P18761 Issued During the Fiscal Year (do not include renewals here) I2P18763 175,OOC Paid During the Fiscal Year (do not include renewals here) I2P18765 lQutstanding End of the Fiscal Year ?P18767 175,OOC Final Maturity Date 8/12/200e Bond Anticipation Note No. 2003000005 EDPCODE Amoun1 Month and Year of Issue 12/18/2003 Purpose of Issue fecreation Equipmen Current Interest Rate .9500 Outstanding Beginning of Year ?P18761 Issued During the Fiscal Year (do not include renewals here) 2P18763 200,000 Paid During the Fiscal Year (do not include renewals here) 2P18765 Outstanding End of the Fiscal Year 2P18767 200,000 Final Maturity Date 8/12/2008 ., - Page 98 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Indebtedness Not Exempt From Constitutional Debt Limit Bond Anticipation Note No. 2003000001 EDPCODE Amounl Month and Year of Issue 8/12/200 Purpose of Issue chnology Master Plan Current Interest Rate 1 .1400 Outstanding Beginning of Year 2P18761 Issued During the Fiscal Year (do not include renewals here) I2p18763 175,000 Paid During the Fiscal Year (do not include renewals here) ~P18765 Outstanding End of the Fiscal Year 2P18767 175,OOC Final Maturity Date 8/12/2008 .. Total Bond Anticipation Note Amoun Outstanding Beginning of Year a Issued During Fiscal Year 1,065,000 Paid During Fiscal Year 0 Outstanding End of Year 1,065,OOC 1*** Bond Anticipation Notes Redeemed From Bond Proceeds During Fiscal Year ~P18885 C ., - Page 99 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Indebtedness Not Exempt From Constitutional Debt Limit Bond No. 2000000013 EDPCODE Amounl Month and Year of Issue 2/15/197 Purpose of Issue SEWER Current Interest Rate 5.0000 Outstanding Beginning of Year 2P18771 1,80 Issued During the Fiscal Year (do not include renewals here) ?P18773 0 Paid During the Fiscal Year (do not include renewals here) 2P18775 1,800 Outstanding End of the Fiscal Year ?P18777 0 Final Maturity Date 11/15/2003 - Bond No. 2003000008 EDPCODE Amoun1 Month and Year of Issue 3/5/2003 Purpose of Issue creation Field Lighting Current Interest Rate 4.0700 Outstanding Beginning of Year 2P18771 Issued During the Fiscal Year (do not include renewals here) I2p18773 785,000 Paid During the Fiscal Year (do not include renewals here) I2P18775 Outstanding End of the Fiscal Year I2P18777 785,000 Final Maturity Date 3/1/2023 Bond No. 2001000008 EDPCODE Amoun Month and Year of Issue 1 0/212001 Purpose of Issue nero Services Building Current Interest Rate 4.0023 Outstanding Beginning of Year ?P18771 1,195,00C Issued During the Fiscal Year (do not include renewals here) 2P18773 C Paid During the Fiscal Year (do not include renewals here) !2P18775 80,00C Outstanding End of the Fiscal Year !2P18777 1,115,00C .-final Maturity Date 10/1/2014 Bond No. 2001000007 EDPCODE Amoun Month and Year of Issue 10/2/2001 Purpose of Issue Drainage Current Interest Rate 3.7220 Outstanding Beginning of Year ?P18771 1,119,300 Issued During the Fiscal Year (do not include renewals here) 2P18773 0 Paid During the Fiscal Year (do not include renewals here) ?P18775 123,600 Outstanding End of the Fiscal Year 2P18777 995,70C Final Maturity Date 8/15/2011 - Page 100 OSC Municipality Code 130386800000 . TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Indebtedness Not Exempt From Constitutional Debt Limit Bond No. 2003000007 EDPCODE Amoun Month and Year of Issue 3/5/2003 Purpose of Issue Sewer Current Interest Rate 4.070 Outstanding Beginning of Year I2p18771 Issued During the Fiscal Year (do not include renewals here) 2P18773 905,00 Paid During the Fiscal Year (do not include renewals here) ?P18775 Outstanding End of the Fiscal Year 2P18777 905,060 Final Maturity Date 3/1/2023 .. Bond No. 2001000006 EDPCODE Amoun Month and Year of Issue 10/2/2001 Purpose of Issue Sewer Current Interest Rate 3.722C Outstanding Beginning of Year 2P18771 257,30-C Issued During the Fiscal Year (do not include renewals here) 2P18773 0 Paid During the Fiscal Year (do not include renewals here) 2P18775 29,400 :)utstanding End of the Fiscal Year 'P18777 227,90C Final Maturity Date 8/15/2011 Bond No. 2000000014 EDPCODE Amoun1 Month and Year of Issue 3/1/197' Purpose of Issue DRAINAGE ~urrent Interest Rate 5.800 Outstanding Beginning of Year 2P18771 14,500 Issued During the Fiscal Year (do not include renewals here) 12P18773 C Paid During the Fiscal Year (do not include renewals here) 12P18775 14,50C .. Outstanding End of the Fiscal Year 12P18777 0 Final Maturity Date 3/1/2003 Bond No. 2002000004 EDPCODE Amoun Month and Year of Issue 3/14/2002 Purpose of Issue Sewe Current Interest Rate 4.49837 Outstanding Beginning of Year 2P18771 9,321,556 Issued During the Fiscal Year (do not include renewals here) 2P18773 0 Paid During the Fiscal Year (do not include renewals here) 2P18775 425,000 putstanding End of the Fiscal Year 2P18777 8,896,556 Final Maturity Date 4/15/2021 .. Page 101 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Indebtedness Not Exempt From Constitutional Debt Limit Bond No. 2000000025 EDPCODE Amoun Month and Year of Issue 5/4/200 Purpose of Issue R. SVCS. BUILDING Current Interest Rate 5.500 Outstanding Beginning of Year I2p18771 96,00 Issued During the Fiscal Year (do not include renewals here) :>P18773 0 Paid During the Fiscal Year (do not include renewals here) 2P18775 32,00 Outstanding End of the Fiscal Year :>P18777 64,00 Final Maturity Date 5/5/2005 ... Bond No. 2000000024 EDPCODE Amoun Month and Year of Issue 5/1/1995 Purpose of Issue SEWER K:;urrent Interest Rate 6.0000 Outstanding Beginning of Year 2P18771 1,850,000 Issued During the Fiscal Year (do not include renewals here) ~P18773 0 Paid During the Fiscal Year (do not include renewals here) ~P18775 120,060 Outstanding End of the Fiscal Year ~P18777 1,730,000 Final Maturity Date 11/1/2015 Bond No. 2000000023 EDPCODE Amoun Month and Year of Issue 12/1 /199~ Purpose of Issue SEWER Current Interest Rate 5.6350 Outstanding Beginning of Year 2P18771 5,845,000 Issued During the Fiscal Year (do not include renewals here) ~P18773 C Paid During the Fiscal Year (do not include renewals here) ~P18775 390,06t .. Outstanding End of the Fiscal Year 2P18777 5,455,OOC Final Maturity Date 5/1/201~ Bond No. 2000000021 EDPCODE Amoun Month and Year of Issue 11/12/1992 Purpose of Issue SEWER Current Interest Rate 3.0060 Outstanding Beginning of Year 2P18771 3,475,OOC Issued During the Fiscal Year (do not include renewals here) 2P18773 0 Paid During the Fiscal Year (do not include renewals here) :>P18775 325,000 Outstanding End of the Fiscal Year 2P18777 3,150,000 Final Maturity Date 9/1/2014 "W Page 1 02 OSC Municipality Code 130386800000 ., TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Indebtedness Not Exempt From Constitutional Debt Limit Bond No. 2000000017 EDPCODE Amoun Month and Year of Issue 12/1/1985 Purpose of Issue TOWN HAll Current Interest Rate 7.7500 Outstanding Beginning of Year ?P18771 130,275 Issued During the Fiscal Year (do not include renewals here) ?P18773 0 Paid During the Fiscal Year (do not include renewals here) 2P18775 43,42~ Outstanding End of the Fiscal Year ?P18777 86,850 Final Maturity Date 6/1/2005 Bond No. 2000000016 EDPCODE Amount Month and Year of Issue 12/1/1985 Purpose of Issue SEWER lCurrent Interest Rate 7.7500 Outstanding Beginning of Year ~P18771 67,275 Issued During the Fiscal Year (do not include renewals here) ~P18773 C Paid During the Fiscal Year (do not include renewals here) 2P18775 22,42~ Outstanding End of the Fiscal Year ?P18777 44,850 Final Maturity Date 6/1/2005 Bond No. 2000000026 EDPCODE Amoun Month and Year of Issue 9/26/200C Purpose of Issue LAND & BUILDINGS lCurrent Interest Rate 5.3173 Outstanding Beginning of Year 2P18771 1,960,000 Issued During the Fiscal Year (do not include renewals here) ~P18773 0 Paid During the Fiscal Year (do not include renewals here) ~P18775 65,000 . Outstanding End of the Fiscal Year 2P18777 1,895,000 Final Maturity Date 10/1/2020 - Page 103 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Statement of Indebtedness For the Fiscal Year Ending 2003 Indebtedness Not Exempt From Constitutional Debt Limit Bond No. 2000000015 EDPCODE Amoun Month and Year of Issue 5/1/1977 Purpose of Issue DRAINAGE Current Interest Rate 5.3750 Outstanding Beginning of Year 2P18771 27,000 Issued During the Fiscal Year (do not include renewals here) I2P18773 0 Paid During the Fiscal Year (do not include renewals here) ~P18775 15,OOC Outstanding End of the Fiscal Year I2P18777 12,OOC Final Maturity Date 5/1 /200~ Total Bond Amoun Outstanding Beginning of Year 25,360,OOe Issued During Fiscal Year 1,690,OOC Paid During Fiscal Year 1,687,15t \Outstanding End of Year 25,362,856 ~ *****,..A A It. It It. ************************************************************************************************************************** *************************************************************************""'AAA'AA"A**********************************************.. Total of All Indebtedness Includes Total of Bonds and Notes - Exempt and Not Exempt trota\ Bond Amounl \Outstanding Beginning of Year 34,334,OOC Issued During Fiscal Year 3,319,OOC Paid During Fiscal Year 4,086,44~ !outstanding End of Year 33,566,55E - - Page 104 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Maturity Schedule For the Fiscal Year Ending 2003 For Bonds Issued During The Fiscal Year Ended 2003 EDPCODE Indebtedness No. 2003000006 Purpose of Issue Water For State Comptroller Use Only 12P3CE Total Principal 12P3PR 564,000 Date of Issue ~P3DT 3/5/2003 Interest Rate 12P3PC 4.07000 Final Maturity Date 12P3DM 3/1/2023 Amount of Principal Redeemed in or to be Redeemed in Fiscal Year ending in (The Last Two Digits of the EDP Code Correspond to the Fiscal Year Ended) [2P304 7,257 ~P305 l2P306 l2P307 l2P308 l2P309 l2P31 0 ~P311 ~P312 l2P313 l2P314 l2P315 l2P316 l2P317 l2P318 l2P319 l2P320 l2P321 ~P322 ~P323 18,76~ 20,01 ~ 21.26~ 21 ,26~ 22,520\ 23,7711 25,02~ 26,2731 27,5241 28,7761 30 1 02~ 31 ,27~ 32,52~ 33,780\ 35,031[ 37,5331 38,7841 40, 03~ 42,53~ WI WI WI Page 105 OSC Municipality 130386800000 . TOWN OF Wappinger Maturity Schedule For the Fiscal Year Ending 2003 For Bonds Issued During The Fiscal Year Ended 2003 EDPCODE Indebtedness No. ~003000007 Purpose of Issue Sewer For State Comptroller Use Only 2P3CE Total Principal 2P3PR 905,OOC Date of Issue 2P3DT 3/5/2003 Interest Rate ~P3PC 4.07000 Final Maturity Date I2P3DM 3/1/2023 ~mount of Principal Redeemed in or to be Redeemed in Fiscal Year ending in (The Last :Two Digits of the EDP Code Correspond to the Fiscal Year Ended) ~P304 11,643 ~P305 ~P306 ~P307 ~P308 ~P309 ~P31 0 ~P311 ~P312 ~P313 ~P314 ~P315 ~P316 ~P317 ~P318 ~P319 ~P320 ~P321 ~P322 ~P323 30, 11 ~ 32,12Q 34,1281 34,1281 36,13~ 38,1431 40,1511 42,15~ 44,16~ 46, 17~ 48,1811 50,18~ 52,19~ 54,20~ 56,2111 60,22~ 62,23~ 64,24~ 68,25~ - - - Page 106 OSC Municipality 130386800000 ., TOWN OF Wappinger Maturity Schedule For the Fiscal Year Ending 2003 For Bonds Issued During The Fiscal Year Ended 2003 EDPCODE Indebtedness No. 2003000008 Purpose of Issue Recreation Field Lighting For State Comptroller Use Only 2P3CE Total Principal 2P3PR 785,000 Date of Issue 2P3DT 3/5/2003 Interest Rate 2P3PC 4.07000 Final Maturity Date ~P3DM 3/1/2023 Amount of Principal Redeemed in or to be Redeemed in Fiscal Year ending in (The Last ....wo Digits of the EDP Code Correspond to the Fiscal Year Ended) ~P304 10,100 ~P305 ~P306 ~P307 ~P308 ~P309 ~P31 0 ~P311 ~P312 ~P313 ~P314 ~P315 ~P316 ~P317 ~P318 ~P319 ~P320 ~P321 ~P322 ~P323 26,12Q 27,86~ 29,60~ 29,60~ 31 ,34~ 33,08~ 34,8271 36,56~ 38,3101 40,0511 41,79~ 43,53~ 45,2741 47,01~ 48,75~ 52,2411 53,98~ 55,72~ 59,20~ .. .. .. Page 107 OSC Municipality 130386800000 ... TOWN OF Wappinger Schedule of Securities for Collateralization For the Fiscal Year Ending 2003 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 States of America, an agency thereof or a United States government sponsored 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 - 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 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. Yes 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. 6. Obligations of Puerto Rico rated in one of three highest rating categories by at least one nationally recognized statistical rating organization. 7. Obligations of counties, cities, and other governmental entities 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. 8. Obligations of domestic corporations rated in one of the two highest rating categories by at least one nationally recognized statistical rating organization. - 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. 10. Commercial paper and bankers' acceptances issued by a bank (other than the bank with which the money is being deposited 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. 11. Zero-coupon obligations of the United States government marketed as "Treasury Strips". 12. Letters of Credit. 13. Surety bonds. - Page 108 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Schedule of Time Deposits and Investments For the Fiscal Year Ending 2003 EDP Code Amount CASH: On Hand 922001 $800.00 Demand Deposits 922011 $0.00 Time Deposits 922021 $6,719,550.00 Total $6,720,350.00 COLLATERAL: - FDIC Insurance 922014 $300,000.00 Collateralized with securities held in .. possession of municipality or its agent 922014A $7,270,229.00 Total $7,570,229.00 INVESTMENTS: - Securities (450) Book Value (cost) 924501 $355,762.00 Market Value at Balance Sheet Date 924502 $362,866.00 Collateralized with securities held in 924504A $362,866.00 possession of municipality or its agent - Repurchase Agreements (451) Book Value (cost) Market Value at Balance Sheet Date 924511 924512 Collateralized with securities held in possession of municipality or its agent 924514A .. Page 109 OSC Municipality Code 130386800000 .. .. TOWN OF Wappinger Investment Certification For the Fiscal Year Ending 2003 DEFINITIONS: Repurchase Agreement - 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. 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 ro repay the cash plus interest in exchange for the same securities or different securities. RESPONSE 1) Has your Local Government adopted an investment policy as Yes .. required by General Municipal Law, Section 39? 2) The following investments are permitted by your investment policy. * Obligations ofthe UNITED STATES Yes * Obligations of the U.S. Government Agencies, guaranteed by Yes the UNITED STATES Government * Obligations of the STATE of NEW YORK Yes * Obligations of other NEW YORK STATE Local Governments Yes * Other 3) 4) Do you engage in reverse repurchase agreements? Are Repurchase Agreements authorized by your investment policy? No Yes Name: Title: Phone Number: JOSEPH RUGGIERO SUPERVISOR (845) 297-2744 .. .", Page 110 )SC Municipality Code 130386800000 . TOWN OF Wappinger Bank Reconciliation For the Fiscal Year Ending 2003 Include All Checking, Savings and COO. Accounts Bank Add: Less: Adjusted Account Bank Deposit Outstanding Bank Number Balance In Transit Checks Balance 591-9900107 $431,077 $0 $18,048 $413,029 591-9913497 $1,483 $0 $0 $1,483 . 591-9900115 $15,769 $0 $13,281 $2,488 591-9900123 $5,999 $0 $0 $5,999 591-9900131 $7,234 $0 $0 $7,234 591-9900148 $149,928 $0 $475 $149,453 591-9900158 $528,010 $0 $0 $528,010 592-004325-2 $10,908 $0 $8,000 $2,908 592-005625-2 $452,812 $386 $7,426 $445,772 592-005615-5 $71,333 $0 $118 $71,215 592-005785-3 $9,094 $0 $8 $9,086 945-9022976 $671 $0 $0 $671 945-8914630 $22 $0 $0 $22 591-9900166 $522,884 $0 $5,616 $517,268 591-9900212 $463,485 $0 $46,455 $417,030 591-9916526 $4,919 $0 $0 $4,919 938-1190290 $9,910 $0 $0 $9,910 938-1189732 $5,821 $0 $160 $5,661 __ 945-8913857 $2,161,771 $0 $33,900 $2,127,871 398-1172261 $1,999,847 $0 $0 $1,999,847 945-1778410 $3 $0 $0 $3 591-9000424 $221,964 $121,883 $343,847 $0 CASH-NYSEFC $477,987 $0 $0 $477,987 CASH- TMSC $137,054 $0 $0 $137,054 Total Adjusted Bank Balance $7,334,920 E'.etty Cash $800.00 Adjustments $.00 Total Cash 9ZCASH * $7,335,720 Total Cash Balance All Funds 9ZCASHB * $7,335,720 * Must be equal '. Page 111 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Local Government Questionnaire For the Fiscal Year Ending 2003 1) Does your municipality have a written procurement policy? 2) Have the financial statements for your municipality been independently audited? If not, are you planning on having an audit conducted? 3) Does your local government participate in an insurance pool with other local governments? Response Yes Yes No 4) Does your local government participate in an investment pool with other local governments? No 5) Does your municipality have a Length of Service Award Program (LOSAP) for volunteer firefighters? No ." 6) Does your municipality have a Capital Plan? 7) Has your municipality prepared and documented a risk assessment plan? If yes, has your municipality used the results to design the system of internal controls? No No 8) Have you had a change in chief executive or chief fiscal officer during the last year? 9) Does your municipality have access to the internet? Does your municipality have an official E-mail address? If yes, what is it? Does the chief fiscal officer have a separate E-mail address? If yes, what is it? Do you have a web site? If yes, what is the official address of the web site for your municipality? No Yes Yes WAPPCOMP@BESTWEB.NET Yes WAPPSUPV@BESTWEB.NET Yes TOWNOFWAPPINGER.US - ." Page 112 OSC Municipality Code 130386800000 .. TOWN OF Wappinger Supplemental Section Comments For the Fiscal Year Ending 2003 ., .. .. Page 114 - TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31. 2003 NOTE A - Summary of Accountim! Policies The Town of Wappinger, New York ("the Town") was incorporated on 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/women. The Supervisor serves as the Chief Executive Officer and as the Chief Fiscal Officer of the Town. The Town provides the following services: highway maintenance, water, sewer, planning, zoning, building and safety inspection, lighting, and culture and recreation. - 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, some of which are as follows: 1. The Reporting Entity 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. 2. Fund Accounting - 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 fund types and two account groups, as follows: GOVERNMENTAL FUND TYPES The accounting and reporting treatment applied to assets and 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." 1 - w TOWN OF W APINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31.2003 Summary of Accounting Policies (Continued) Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other fmancing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of "available spendable resources" during a period. General Fund w The General Fund is the general operating fund ofthe Town. It is used to account for all financial resources except those required to be accounted for in another fund. Special Revenue Fund Special Revenue Fund is used to account for the proceeds of specific revenue sources (other than special assessments, expendable trust or major capital projects) that are legally restricted to expenditures for specified purposes. Capital Projects Fund This fund is used to account for financial resources to be used for the acquisition and construction of major capital facilities. FIDUCIARY FUND TYPE Trust and Agency Fund .. 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. These include Expendable Trust and Agency Funds. Expendable Trusts are accounted for in essentially the same manner as governmental funds. Agency funds are custodial in nature (assets equal liabilities), and do not involve measurement of results of operations. ACCOUNT GROUPS Account groups are used to establish accounting control and accountability for General Fixed Assets and General Long-Term Debt. The two account groups are not "funds." They are concerned only with the measurement of financial position. They are not involved with the measurement of the results of operations. 2 .. .. TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31. 2003 Summary of Accounting Policies (Continlled) General Fixed Assets Account Group . 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. .. 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. Interest costs incurred during construction have not been capitalized, however. The Town has adopted the accounting policy of not capitalizing "infrastructure" general fixed assets (roads, bridges, curbs and gutter, streets and sidewalks, drainage system, lighting systems and similar assets) that are immovable and of value only to the Town. General Long-Term Debt Account Group Long-term liabilities expected to be fmanced from governmental fund types are accounted for in the General Long-Term Debt Account Group, not in the governmental funds. They are recorded at the par value of the principal amount. No liability is recorded for interest payable to maturity. - 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. 3. Basis of Accounting Basis of accounting refers 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. 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. 3 - - TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENT (CONT'D.) DECEMBER 31.2003 Summary of Accounting Policies (Continued) 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; (2) principal and interest on general long-term debt which is recognized when due; and (3) expenditures for inventory-type items ~hich are recognized at the time of purchase. , Expenditures for judgments and settled claims are also recognized when the related liability is incurred, that is when the judgment has been rendered or settlement has ., been reached. Unsettled claims and contingencies are recognized only if it is probable that an asset has been impaired or a liability has been incurred and the amount of the impairment or liability can be reasonable estimated. 4. Budgets 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 Capital Projects Fund, budgets are established at the project level and continue until the project is completed. Unused appropriations of the annually budgeted funds lapse at the end of of the year. 5. Encumbrances Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of monies are recorded for budgetary control purposes to reserve that portion of the applicable appropriations, is employed as a control in preventing over expenditure of established appropriations. Open encumbrances are reported as reservations of fund balance since they do not constitute expenditures or liabilities and will be honored through budget .. appropriations in the subsequent year. 6. Cash and Investments Cash includes amounts in demand and time deposits, as well as, short-term investments. State statutes and the Town's own written investment policy govern the investment Policies ofthe Town. Short-term investments consist of investments in repurchase agreements. The repurchase agreements involve purchases by a broker of portfolio securities concurrently with an agreement by the broker to sell the same securities at a later date at a fixed price. Generally, the effect of such a transaction is 4 - - TOWN OF WAPPINGER, NEW YORK NOTES TO FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31.2003 Summary of Accounting Policies (Continued) that the Town can invest its excess cash balances at competitive interest rates. Market value of the repurchase agreements approximates cost plus accrued interest. "( The cash and investments of the Town at December 31,2003 are as follows: ,\ . Special Capital Trust & General Revenue Projects Agency Fund Fund Fund Fund Total - Non-Interest Bearing Accounts $800 $ -0- $ -0- $ -0- $800 Interest Bearing Accounts 421,362 2,103,860 3,765,663 1,044,035 7,334,920 Repurchase Agreements 355.762 -0- -0- ::Q 355.762 TOTAL $~ $2103.860 $3 765 663 $ 1 044.035 $7.691 482 All of the Town's deposits were covered by Federal Deposit Insurance or collateralized with securities held by a third party custodian in the Town's name. 7. Accumulated Compensated Absences 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 their period of employment with the Town. No payment will be made upon separation from the Town's service. . In governmental and fiduciary funds, the cost of vacation and sick leave is recognized when payments are made to employees. A long-term liability of $127,623 of accrued vacation and sick leave at December 31, 2003, has been recorded in the General Long- Term Debt Account Group of Accounts, representing the Town's commitment to fund such costs from future operations. 5 .. ... TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31. 2003 Summary of Accounting Policies (Continued) 8. Pension Plans Plan Description The Town of Wappinger participates in the New York State and Local Employees' Retirement System (ERS), and the Public Employees' Group Life Insurance,Plan (Systems). These are cost-sharing multiple-employer retirement systems. The Systems provide retirement benefits as well as death and disability benefits. Obligations of employers and employees to contribute and benefits to employees are _ governed by the New York State Retirement and Social Security Law (NYSRSSL). As set forth in the NYSRSSL, the Comptroller of the State of New York (Comptroller) serves as sole trustee and administrative head ofthe Systems. The Comptroller shall adopt and may amend rules and regulations for the administration and transaction of the business of-the Systems and for the custody and control oftheir funds. The Systems issue a publicly available financial report that includes financial statements and required supplementary information. That report may be obtained by writing to the New York State and Local Retirement Systems, Gov. Alfred E. Smith State Office Building, Albany, New York 12244. Funding Policy The Systems are noncontributory except for employees who joined the New York State and Local Employees' Retirement System after July 27,1976 who contribute 3% of their salary. Under the authority of the NYSRSSL, the Comptroller shall certify annually the rates expressed as proportions of payroll of members, which shall be used in computing the contributions required to be made by employers to the pension accumulation fund. The Town of Wappinger is required to contribute at an actuarially determined rate. The required contributions for the current year and two preceding years were: - 2003 2002 2001 ERS $115.996 $21.258 $11.442 The Town's contributions made to the Systems were in excess of 100 percent of the contributions required for each year. The Town has not recorded a deferred asset for the excess contributions made since the additional funds have been applied to the pension credits described below. 6 - ., TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31.2003 Summary of Accounting Policies (Continued) Since 1989, the System's billings have been based on Chapter 62 of the Laws of 1989 ofthe State of New York. This legislation requires participating employers to make payments on a current basis, while amortizing existing unpaid amounts relating to the System's fiscal years ending March 31, 1988 and.1989 (which otherwise were to have been paid on June 30, 1989 and 1990, respectively) over a 17-years period, with an 8.75% interest factor added. Local governments were given the option to prepay this liability. The Town of Wappinger paid this liability in full in 1989. I " . .. However, during the 1990 Legislative session Chapter 210 was enacted which required a change in funding method. This change was subsequently ruled unconstitutional but Chapter 210 also required that any credits created by the initial change be applied to the Chapter 62 billing change liability. Although the Town had paid its liability as noted above, an amortization balance was created, which was offset by the prepaid amortization credit. The Town, therefore, did not record any net liability. In 1998, the Town elected to apply the accrued pension credits against the amortization balance. 9. Deferred Compensation Plan Employees of the Town of Wappinger may participate in a deferred compensation plan adopted under the provisions of Internal Revenue Code Section 457 (Deferred Compensation Plans with Respect to Service for State and Local Governments). The deferred compensation plan is available to all employees of the Town. Under the plan, employees may elect to defer a portion of their salaries and avoid paying taxes on the deferred portion until the withdrawal date. The deferred compensation amount is not available for withdrawal by employees until termination, retirement, death, or unforeseeable emergency. - The deferred compensation plan is administered by an unrelated financial institution. Under the terms of an IRC Section 457 deferred compensation plan, all deferred compensation and income attributable to the investment of the deferred compensation amounts held by the fmancial institution, until paid or made available to the employees or beneficiaries, are the property of the Town subject only to the claims of the Town's general creditors of the Town, and each participant's rights are equal to his or her share of the fair market value ofthe plan assets. TheTown believes that it is unlikely that plan assets will be needed to satisfy claims of general creditors that might arise. 7 --- .. TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31. 2003 Summary of Accounting Policies (Continued) 10. Post Employment Benefits In addition to providing pension benefits, the Town provides health insurance coverage and survivor benefits for retired employees and their survivors. Substantially all of the Town employees may become eligible for these benefits if they reach normal , retirement age while working for the Town. Health care benefits and survivors ,,':, benefits are provided through an insurance company whose premiums are based on the benefits paid during the year. The Town recognizes the cost of providing benefits by recording its share of insurance premiums as an expenditure in the year paid. .. For the year of2003, $42,298 was paid on behalf of twelve retirees and recorded as expenditures in the General and Special Revenue Funds. 11. Property Taxes The Town submits an approved budget to the Dutchess County Commissioner of Finance by December 5th of the previous year. The County then establishes the warrant for the year which is due and payable on or about January 1 of each year. The Town collects the taxes on behalf of the Town and County without penalty through February 28th and with penalties and interest through August 31 st. The Town's portion ofthe taxes is recognized and transferred prior to the County's portion. Therefore, the Town receives its entire tax, leaving the unpaid to the County Commissioner of Finance. 12. Long-Term Obligations 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 fmanced from expendable available fmancial 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. 13. Insurance The Town of Wappinger assumes the liability for most risk including, but not limited to, property damage and personal injury liability. Such risks are covered by the purchase of commercial insurance. Judgments and claims are recorded when it is probable that an asset has been impaired or a liability has been incurred and the amount of loss can be reasonably estimated. Workers compensation coverage is provided through a retrospective policy, wherein premiums are recorded based on the ultimate cost of the experience to date of workers in similar occupations. 8 .. TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31. 2003 .. Summary of Accounting Policies (Continued) 14. Reserves of Fund Equity The Town records indicate that portions of the fund equity are segregated for a specific future use. The following details the description and amounts of the reserves used by the Town: A. General Fund . Miscellaneous: Reserved for Inspection Fees Reserved for Escrow Total Miscellaneous Reserves TOTAL 15. Allowance for Uncollectible Accounts BALANCE AT DECEMBER 31. 2003 330,000 72,900 402,900 $ 402.900 An Allowance for Uncollectible Accounts is 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. NOTE B - Interfund Receivables and Pavables The following is a summary of amounts due form and due to other funds as of December 31, 2003: DUE TO . General Fund General Fund - Part Town Capital Projects Fund Water Fund Sewer Fund Trust and Agency Highway $13,956 5,389 490,178 22,070 20,000 15,312 1,471 TOTAL $ 568.376 9 . DUE FROM $256,086 265,450 4,000 4,688 38,152 $ 568.376 .. TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31. 2003 NOTE C - General Fixed Assets Account Group The following is a summary of changes and adjustments in the General Fixed Assets Account Group, for the year ended December 31, 2003: BALANCE- January 1, 2003 ADDITIONS (DELETIONS) BALANCE - DECEMBER 31, 2003 .. Land Buildings Improvement Other Than Buildings Machinery and Equipment $ 6,549,550 7,421,156 $-0- $-0- $-0- -0- $ 6, 549,550 7,421,156 3.787.032 $34,894 367.838 -0- 2,909,956 2,904,927 240.489 3.914.381 TOTAL $20.682.665 $ 402.372 $290.354 $20.795.043 NOTE D - Bond Anticipation Notes Pavable 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. The bond Anticipation Notes outstanding as of December 31, 2003, are as follows: AMOUNT OUTSTANDING ORIGINAL ORIGINAL AT ISSUE MATURITY INTEREST AMOUNT OF DECEMBER 31, PURPOSE JM.:lli. DATE DATE ISSUE 2003 Sewer 07/11/96 03/05/04 1.34% 403,000 45,000 Landfill 07/09/98 03/05/04 1.34% 580.000 75.000 SUBTOTAL $983,000 $120,000 .. Highway Equip 12/21/99 08/12/04 .95% 363,000 76,000 Highway Equip 12/21/00 08/12/04 .95% 239,991 96,000 Highway Equip 12/14/02 08/12/04 .95% 250,000 150,000 Water 12/18/02 08/12/04 .95% 205,000 185,000 Highway/Rec Equip 12/18/03 08/12/04 .95% 200.000 200.000 SUBTOTAL $1,257,991 $707,000 10 .. .. TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31. 2003 NOTE D - Bond Anticipation Note Payable (Continued) ;'Purpose Original Maturity Interest ,- Original Amount Outstanding Issue Date Date Rate Amount of Issue At 12/31/03 Technology M,at'ter Plan 8/12/03 8/12/04 1.14% $175,000 $175,000 l\ecyc1e Center 8/12/03 8/12/04 1.14% :$175,000 $175,000 " Highway Resurfacing 8/12/03 8/12/04 1.14% '''$315,000 $315,000- Greystone Fuel Tank 8/12/03 8/12/04 1.14% $200.000 $200.000 Subtotal $865,000 $865,000 Water 5/3/01 4/30/04 1.08% 5.250.000 4.950.000 .. Total $8.355.991 $6.642.000 NOTE E - Long-Term Debt 1. Serial Bonds The Town borrows money in order to acquire or construct buildings and public improvements. This enables the cost ofthese capital assets to be borne by the present and future taxpayers receiving the benefit ofthe capital assets. These long-term liabilities, which are full faith and credit debt of the Town, are recorded in the General Long-Term Debt Account Group. The provision to be made in future budgets for capital indebtedness represents the amount, exclusive of interest, authorized to be collected in future years from taxpayers and others for liquidation of long-term liabilities. The Serial Bonds Payable, as of December 31, 2003 are as follows: AMOUNT OUTSTANDING ORIGINAL AT ISSUE MATURITY INTEREST AMOUNT DECEMBER3!, PURPOSE DATE DATE M1! OF ISSUE 2003 Water 2,630,000 101,000 Sewer 3,005,000 112,000 .. Drainage 400.000 12.000 05/01/77 05/01/04 5.375% 6.035.000 225.000 Water 148,070 18,300 Sewer 362,000 44,850 Town Hall 700.000 86.850 12/01/85 06/01/05 7.75% 1.210.070 150,000 11 .. .. TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31.2002 AMOUNT OUTSTANDING ORIGINAL AT ISSUE MATURITY INTEREST AMOUNT DECEMBE~ 31, PURPOSE DATE DATE RATE OF ISSUE _ 2003 *Sewer Tri-Municipal 11/12/92 09/15/12 3% - 6.65% 6.060.000 3.150.000 **Sewer Tri-Municipal 12/15/94 05/15/15 Variable 8.519.786 5,455.000 Sewer Tri-Municipal 06/01/95 11/15/15 3.70 - 5.55% 2.610.054 1.730.000 .. Water-Fleetwood 07/30/98 10/15/18 4.8094% 510.000 410.000 Emergency Services Building 05/04/00 05/04/05 5.50% 160.000 64.000 Purchase of Greystone Prop. 09/26/00 1 % 1/20 5.3173% 2.085.000 1.895.000 Refunding Serial Bond Water 452,732 356,400 Sewer 288,876 227,900 Drainage 1.253.392 995.700 10/02/01 08/15/11 3.772% $1,995,000 1,580,000 Refunding Serial Bond Emergency Services Building 10/02/01 10/11/14 4.0023% 1.275.000 1.115.000 Sewer 03/14/02 03/01/22 4.498% 9.836.556 8.896.556 Water 564,000 564,000 Sewer 905,000 905,000 RecreationlPark Lighting 785.000 785.000 03/05/03 03/04/23 4.07% 2.254.000 2.254.000 .. TOTAL $44.488.966 $26.924.556 *In September of 2002, New York State Environmental Facilities Corporation did a partial refinancing of the Revolving Fund Revenue Bonds, series 1992B by issuing Revolving Funds Revenue Bonds, Series 20021. The issuance of the new Bond will provide net present value savings to the Town of Wappinger in the amount of $213,764. **In November of 2002, New York State Environmental Facilities Corporation refinanced Revolving Fund Revenue Bonds Series 1994D by issuing Revolving Fun.d Revenue Bonds Series 2002L. The issuance of the new bonds will 'Provide savings to the Town of Wappinger in the amount of $569,986. 12 .. - TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31. 2003 The annual requirements to amortize bonded debt, as of December 31, 2003, are as follows: " '. YEAR ENDING DECEMBER 31, PRINCIPAL INTEREST TOTAL 2004 $ 2,011,000 $ 1,255,727 $ 3,266,727 2005 1,848,556 1,135,264 2,983,820 2006 1,790,000 1,063,158 2,853,158 2007 1,830,000 990,784 2,820,784 2008 1,875,000 912,304 2,787,304 Thereafter 17.570.000 4.740.447 22.310.477 - $ 26.924.556 $ 10.097.684 $ 37.022.240 NOTE E - Long Term Debt (continued) 2. Changes The changes in the Town's indebtedness during the year ended December) 1, 2003 are summarized as follows: BALANCE January 1. 2003 (REDUCTIONS) BALANCE December 31. 2003 ADDITIONS Serial Bonds $ 26,680,556 $ 2,254,000 $ (2,010,000) $ 26,924,556 Landfill Closure and Post-Closure Costs - Note J Judgments and Claims 40,000 -0- (75,000) 75,000 40,000 -0- 80,000 8.327 -0- 127.623 $ 2.302.327 $ (2.085.00m $ 27.207.179 150,000 Compensated Absences - Note A.8 119.296 Total $ 26.989.852 NOTE F - Operating Leases .. The Town is committed under various leases for office equipment and communication equipment. These leases are considered for accounting purposes to be operating leases. Lease expenditures for the year ended December 31,2003 amounted to $38,909. At December 31, 2003, the approximate annual operating lease commitments, subject to appropriation of funds, were as follows: ' 13 .. - TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31..2003 YEAR ENDING DECEMBER 31, 2004 2005 2006 2007 2008 2009 2010 TOTAL MINIMUM LEASE PAYMENTS OPERATING LEASES $39,199 $39,199 $32,218 $18,891 $16,956 $15,360 $3.840 $165.663 - NOTE G - Deficit Fund Balances Certain Capital Projects had deficits of fund equity at the end of the year which are listed below. These deficits arose through the funding of expenditures by issuing bond anticipation notes. As the notes are paid, revenue will be recognized and the deficits will be eliminated. Castle Point Landfill (47,130) DC Airport Landfill ( 35,432) CWW 99 2-R. (3,822,046) Emergency Central Wapp Water#1 (521) Highway Equipment-1999 (75,473) Highway Equipment-2000 (95,725) Drainage (95,589) TriMunicipal Phase 3B (57,043) Highway Equipmenmt-2001 (146,349) Oakwood Water Improvement (151,577) Fleetwood Water II (13,021) Highway Blacktop/Drainage (297,965) HighwaylRec. Equipment-2003 (192,661) Wappinger Park Water (22,353) Technology Master Plan (134,255) Greystone Fuel Tanks (147,989) NOTE I - Commitments and Contineent Liabilities - 1. The Town is a defendant in various lawsuits and tax certiorari cases. The outcome of these cases and lawsuits, as determined by the Town Attorney, should not result in material unfavorable settlements. Any return of property taxes made as a result of the settlement of a tax certiorari case is funded by an increase in the property taxes collected in the year subsequent to payment. A provision has been made in the Long- term Debit Account Group for $80,000. 2. The Town has received amounts from grantor agencies, principally the Department of Housing and Urban Development. Any allowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures which may be disallowed by the grantor agency cannot be determined at this time. -14- - - TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31. 2003 3.Tri-MunicipaI Sewer Expansion A consent judgment was executed between the Town and the New York State Department of Environmental Conservation dated April 18, 1998 regarding alleged enviiFonmental violations. Due to numerous technical difficulties, the Town of Wappinger was unable to meet the threshold dates contained in the consent judgment, and an amended consent judgment was re-negotiated and approved by both parties. ,,' This amended consent judgment required the Town to construct a sewer line to the NOTE I - Commitments and Contine:ent Liabilities (continued) - Tri-Municipal Sewer Treatment Plant plus a one million gallon expansion of said plant. The Town, however, does not own the plant nor does it have voting rights on the Commission's governing board. The plant is owned and operated by the Tri-Municipal Sewer Commission, made up of representatives of the Town of Poughkeepsie and the Village of Wappingers Falls. Construction is on-going; however, as a result of additional difficulties between the Tri-Municipal Sewer Commission and the Department of Environmental Conservation. Funding for the project has been provided by two authorizations for a total project cost of $19,630,054. Through December 31,2003, $17,189,840 in bonds have been issued through the Environmental Facility Corporation and $2,060,414 in Bond Anticipation Notes have been issued, which has been paid through tax levy. Total project costs incurred through December 31, 2003, amounted to $18,139,969. Under the terms of the agreements with the Environmental Facility Corporation, serial bond proceeds are required to be deposited into a Construction Fund Account, be invested in US Treasury securities until drawn upon, and be subject to regulatory approvals before being drawn upon. The unspent balance in the Construction Fund Account amounted to $314,918 as of December 31, 2003, and is classified as a Restricted Asset to be used for debt service. - 4. Tri-MunicipaI Sewer Plant Expansion - Phase IlIA In May 1996, the Town entered into a contract with the Tri-Municipal Sewer Commission with regard to the further expansion of the Commission's sewage treatment facility, from 2.4 million gallon per day capacity to 3.4 million gallon per day capacity. The commission will hire consultants to prepare a map, plan and report which will include environmental studies, permit applications and estimates of project costs. The funding for the map, plan and report and other related costs has been provided through bond resolution totaling $575,000, of which $145,000.00 has been paid through tax levy. On April 1999, the Town Board through bond resolution, authorized $9,970,000 to cover construction and related costs of the project, bringing the total authorized bonding for the project to $10,400,000. The Town Board, on April 23, 2001, adopted a bond resolution to increase the estimated cost of the improvements for Phase IlIA in the amount of$500,000 raising the authorized bonding for the project to $10,900,000. - .. TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31. 2003 On March 14, 2002, Long-term Financing for the project was issued through the New York State Environmental Facilities Corporation in the amount of$9,836,556. In addition, the Town of Wappinger renewed a bond anticipation note in the amount of$955,444 to cover costs not eligible for bonding on the project through New York State Environmental Facilities Corporation. In 2003, $905,000 was issued in '1>- serial bonds and $50,444 levied by taxes to satisfy the Bond Anticipation Note. Through December 31,2003, total project costs incurred amounted to $10,425,273. ,,' 5. Central Wappinger Water Improvement Area 99-2R .. In February 2001, the Town Board adopted a Bond Resolution authorizing the issuance of $8,590,000 in serial bonds to pay the costs of the water improvement. On March 2, 2001, the Town Board issued $2,000,000 in bond anticipation notes to pay part of the costs of aforesaid project. In 2002, a principal paydown of$100,000 was made on the original bond anticipation note $2,000,000 with an additional borrowing of$3,150,000, bringing the outstanding note balance to $5,150,000. A prilcipal paydown in the amount of $200,000 was made during 2003 bringing the outstanding balance as of December 31,2003 to $4,950,000. The Town is planning to apply for long-term financing for the project through the New York State Environmental Facilities Corporation. The costs incurred on the project amounted to $5,049,689, as of December 31, 2003. 6. Town Recreation Center On September 10, 2001 the Town Board adopted a bond resolution authorizing the issuance of $2,496,000 to pay for the construction ofthe Town Recreation Center. The Town Board as of December 31, 2003, is in the process of rescinding the bond resolution. 7. Oakwood Knolls Improvement - On June 10, 2002, the Town Board adopted a Bond Resolution authorizing the issuance of $205,000 to pay for the improvements to the district. As of December 31, 2003, the cost incurred on the project amounted to $152,711. 8. Robinson Lane Recreation Area Sports Lighting OnNovember 12, 2002, the Town Board authorized the issuance of$785,000.00 serial bonds for the purchase and installation of sports lighting at the Robinson Lane Recreation Area. On March 5, 2003, the Town of Wappinger issued $2,254,000 Public Improvement (Serial) Bonds, that included $785,000.00 for this project. -16- .. - TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31. 2003 Expenditures have been made on this project as of December 31,2003, in the amount of$706,963. 9. Greystone-Carnwath Mansion Project .., In the year 2000, the Town of Wappinger purchased the Greystone Estate Property. The Town has hired 1. Kenneth Fraser and Associates to plan uses for the property and to seek grants to fund the project. As of December 31, 2003, various grants have been applied for in the amount of $845,000. However, no funding has been received as of December 31, 2003. - 10. Technology Master Plan On May 12, 2003 the Town Board authorized the issuance of$550,000 serial bonds to pay the cost of acquisition and installation of computer hardware and software, and furnishings to implement the technology master plan of the Town. The Town has issued a Bond Anticipation Notes in the amount of$175,000.00 to start the implementation of this plan. As of December 31,2003, the Town has incurred costs on the project in the amount of $134,709.36. 11. Recycle Center On May 12, 2003, the Town Board authorized the issuance of $175,000 serial bonds for the construction and equipping ofthe Recycle Center Project. The Town has issued a Bond Anticipation Notes in the amount of$175,000 for the project. The Town has expended $166,077.52 on the project as of December 31, 2003 with the project being completed. The Town has received a grant from the New York State Department of Environmental Control in the amount of $81 ,900. ."" 12. Paving, Repaving, and Resurfacing of Town Roads The Town Board on May 27, 2003 authorized the issuance of $3,300,000 serial bonds to pay part ofthe cost of paving, repaving, or resurfacing various Town roads, including curbing, sidewalks, and drainage where determined to be appropriate. The Town issued BondAnticipation Notes amounting to $315,000 on August 12,2003 for the purpose of paving, repaving, or resurfacing roads in the Town. As of December 31,2003, $298,617 has been expended. 13. Carnwath Estate/Carnwath Mansion The Town Board authorized on June 23,2003 the issuance of $200,000 Serial Bonds to pay the cost of removal and replacement of the underground fuel tanks at the Carnwath Estate. -17- - .. TOWN OF WAPPINGER, NEW YORK NOTES TO THE FINANCIAL STATEMENTS (CONT'D.) DECEMBER 31.2003 Bond Anticipation Notes in the amount of $200,000 were issued on August 12,2003 to pay for the project. As of December 31,2003, $148,925 has been expended on the project. .., NOTE J - Municipal LandnIIs 1. Castle Point LandnII The Town has voluntarily entered into a Consent Order with the New York State Department of Environmental Conservation to close, cap and monitor the landfill at Castle Point. The Town estimates the cost .. of closing and capping the landfill to be $550,000, which has been recorded in the Long Term Debt Account Group (see Note E). The costs of monitoring, which could be required for up to thirty years after closure, have not been estimated since an agreement with the Department of Conservation has not yet been reached as to the nature and extent or required monitoring. The costs of both closure and postclosure monitoring are ordinarily recognized over the expected useful life of the landfill. However, since the landfill has stopped accepting refuse, all costs are being recognized as the terms of closure and postclosure requirements are determined. The actual costs may be higher due to inflation, changes in technology or subsequent changes in regulations. The Town solicited and awarded contracts in 1998 for the closure of the landfill. A total of $563,931 has been expended on the project as of December 31,2003. 2. Pou2hkeepsie-Wappinl!ers-LaGranl!e Joint LandfIll The Town has shared in the monitoring costs of a closed landfill, the Poughkeepsie- Wappinger-LaGrange Joint Landfill. This joint activity included the City and Town of Poughkeepsie, the Village ofWappingers Falls and the Town of LaGrange, as well as the Town of Wappinger. A1lcosts associated with monitoring are recognized as incurred. No assessment ofthe extent and cost of future monitoring costs has been made. Any such costs will be shared equally among the five municipalities. The Town's share of monitoring costs for the year ended December 31, 2003 amounted to $1,885. Financial statements are available from the Joint Landfill's Board. ." On January 26, 2004, the ToWn Board authorized the issuance of $850,368. Serial Bonds to pay the Town's share of the cost of the closure and remedial measures to be undertaken at the so called Poughkeepsie- Wappinger Joint Landfill, in accordance with an Order on Consent dated November 3, 2003 in and for said Town, received from the NYS Department of Environmental Control, to include incidental drainage and other incidental improvements and expenses. -18- ..