2007
"
'"
c:,L.".,
All Numbers in This
Report Have Been
Rounded To The Nearest
nollAr
ANNUAL FINANCIAL REPORT
UPDATE DOCUMENT
For The
FIRE DISTRICT of New Hackensack
County of Dutchess
For the Fiscal Year Ended 12/31/2007
*************************************************************************************************************************************
AUTHORIZATION
ARTICLE 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 the officer making the same and
shall be filed with the Comptroller within sixty days after the close of
the fiscal year of such Municipal Corporation *** It shall be the duty of
the incumbent officer at the time such reports are required to be filed
with the Comptroller to file such report ***
State of NEW YORK
Office of The State Comptroller
Division of Local Government Services and Economic Development
Albany, New York 12236
Page 1
FIRE DISTRICT OF New Hackensack
*** 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 2006 and has been used by the OSC as the basis for preparing this
update document for the fiscal year ended 2007:
(A) GENERAL
(R) Reserve
(T A) AGENCY
All amounts included in this update document for 2006 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
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
(A) GENERAL
Balance Sheet
!code Description
Assets
Cash
Cash In Time Deposits
TOTAL Cash
TOTAL Assets
Page 3
2006
7.383
114.373
121.756
121,756
EdpCode Ic=:=JOO7__J
A200
A201
22,944
166,028
188,972
188,972
OSC Municipality Code 131186806500
(A) GENERAL
Balance Sheet
!code Description
Liabilities And Fund Equity
Accounts Payable
TOTAL Accounts Payable
Accrued liabilities
TOTAL Accrued Liabilities
TOTAL Liabilities
Unreserved Fund Balance Unappropriated
TOTAL Unreserved Fund Balance - Unappropriated
TOTAL Fund Equity
TOTAL Liabilities And Fund Equity
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
JI
Page 4
2006
o
o
121.756
121,756
121.756
121.756
L EdpCode Ie 2007
A600
o
A601
A911
o
o
o
188.972
188.972
188.972
188.972
OSC Municipality Code 131186806500
(A) GENERAL
Results of Operation
[CO(jeOescription
Detail Revenues And Other Sources
Real Property Taxes
TOTAL Real Property Taxes
Interest And Earnings
Rental of Real Property
TOTAL Use of Money And Property
Sales of Equipment
TOTAL Sale of Property And Compensation For Loss
Unclassified (specify)
Additional Description Refund of Expense
TOTAL Miscellaneous Local Sources
TOTAL Revenues
TOTAL Detail Revenues And Other Sources
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
~12006 EdpCod~L 2007 ----r
I
963.815 A1001 996.388
963,815 996,388
4.374 A2401 14.439
A241 0
4,374 14,439
5.000 A2665
5,000 0
36.666 A2770 37.464
36,666 37,464
1,009,855 1,048,291
1,009,855 1,048,291
Page 5
OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
(A) GENERAL
Results of Operation
!code Description 112006 ~I EdpCode ie 2007 l
Detail Expenditures And Other Uses
Fire, Pers Serv 112.710 A341 01 135.104
Fire, Equip & Cap Outlay 137.736 A341 02 66.049
Fire, Coolr Expend 345.568 A341 04 339.905
TOTAL Fire 596,014 541,058
TOTAL Public Safety 596,014 541,058
Police & Firemen Retirement, Empl Bntts 12.719 A90158 18.216
local Pension Fund, Empl Bntts 19.927 A90258 21.362
Social Security, Employer Cool 8.614 A90308 10.325
Worker's Compensation, Empl Bntts 4.549 A90408 4.416
life Insurance, Emp/ Bntts 305 A90458 466
Hospital & Medical (dental) Ins, Emp/ Bntt 23.816 A90608 29.373
TOTAL Employee Benefits 69,930 84,158
TOTAL EXpenditures 665,944 625,216
Transfers, Other Funds 356.075 A99019 355.859
TOTAL Operating Transfers 356,075 355,859
TOTAL Other Uses 356,075 355,859
TOTAL Detail Expenditures And Other Uses 1,022,019 981,075
Page 6
OSC Municipality Code 131186806500
(A) GENERAL
Changes in Fund Equity
!code Description
ANALYSIS OF CHANGES IN FUND EQUITY
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
2006
EdpCode lC 2007
Prior Period Adj - Decrease In Fund Equity
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Page 7
133,929
9 A8015
133,920
1.009.855
1.022.Q19
121,756
121,756
121,756
1.048.291
981.075
188,972
OSC Municipality Code 131186806500
Budget Summary
ICode Description
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
2007
II EdpCode Ir---
2008
~
Page 8
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
(R) Reserve
Balance Sheet
jCOdeDescription
Assets
Cash In Time Deposits, Spec Res
TOTAL Restricted Assets
TOTAL Assets
Ii 2~1 EdpCod~C= 2007 ~
Page 9
1.458.490 R231
1.458,490
1,458,490
1,795.612
1,795,612
1,795,612
OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
(R) Reserve
Balance Sheet
!code Description
Liabilities And Fund Equity
Capital Reserve
Reserve For Repairs
TOTAL Special Reserves
TOTAL Fund Equity
TOTAL Liabilities And Fund Equity
ir-
Page 10
2006 It EdpCode Ir - 2007~
1.438.146 R878
20.344 R882
1.458,490
1,458,490
1,458,490
1,774,971
20,641
1.795,612
1,795,612
1,795.612
OSC Municipality Code 131186806500
(R) Reserve
Results of Operation
/CO<ie Description
Detail Revenues And other Sources
Interest & Earnings
TOTAL Use of Money And Property
TOTAL Revenues
Interfund Transfers
TOTAL Interrund Transfers
TOTAL Other Sources
TOTAL Detail Revenues And Other Sources
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
II
EdpCode II 22Q7l
Page 11
2006
47.715
47,715
47,715
356.075
356,075
356,075
403,790
R2401
69.181
69,181
69,181
355.860
355,860
355,860
425,041
R5031
OSC Municipality Code 131186806500
(R) Reserve
Results of Operation
!code Description
Detail Expenditures And Other Uses
Fire, Equipment Outlay
TOTAL Fire
TOTAL Public Safety
TOTAL Expenditures
TOTAL Detail Expenditures And Other Uses
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
Page 12
2006 Ii Edp~L
254.867 R341 02
254.867
254.867
254.867
254.867
200~
87.919
87.919
87.919
87.919
87.919
OSC Municipality Code 131186806500
(R) Reserve
Changes in Fund Equity
~ Description
ANALYSIS OF CHANGES IN FUND EQUITY
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
II
Page 13
2006 II EdpCode II
1.309,561
1,309,567
403.790
254.867
1,458,490
J
2007
1,458,490
1,458,490
425.041
87.919
1,795,612
OSC Municipality Code 131186806500
(TA) AGENCY
Balance Sheet
/COdeOesCrlptlOn- ~
Assets
Service Award Program Assets
TOTAL Investments
TOTAL Assets
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
~--------l--- 2006 -~-I[ EdpCode li--ioo7
Page 14
544.215 TA461
544,215
544,215
564,234
564,234
564,234
OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Annual Update Document
For the Fiscal Year Ending 2007
(TA) AGENCY
Balance Sheet
~ode Description
Liabilities And Fund Equity
Service Awards
TOTAL Agency Liabilities
TOTAL Liabilities
TOTAL Liabilities And Fund Equity
~c 2006
Page 15
544.215
544,215
544,215
544,215
EdpCode lC-~2007 J
TA13 564,234
564,234
564,234
564,234
OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Financial Comments
For the Fiscal Year Ending 2007
Page 16
New Hackensack FIRE DISTRICT
Statement of Indebtedness
For the Fiscal Year Ending 2007
Page 17
New Hackensack FIRE DISTRICT
Maturity Schedule
For the Fiscal Year Ending 2007
Page 18
New Hackensack FIRE DISTRICT
Schedule of Securities for Collateralization
For the Fiscal Year Ending 2007
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.
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 19
OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Schedule of Time Deposits and Investments
For the Fiscal Year Ending 2007
EDP Code Amount
CASH:
On Hand 9Z2001 $0.00
Demand Deposits 9Z2011 $22.944.00
Time Deposits 9Z2021 $1.961.640.00
Total $1,984.584.00
COLLA TERAL:
- FDIC Insurance 9Z2014 $100.000.00
Collateralized with securities held in
possession of municipality or its agent 9Z2014A $1,909.851.00
Total $2.009,851.00
INVESTMENTS:
- Securities (450)
Book Value (cost) 9Z4501 $0.00
Market Value at Balance Sheet Date 9Z4502 $0.00
Collateralized with securities held in 9Z4504A $0.00
possession of municipality or its agent
- Repurchase Agreements (451)
Book Value (cost)
Market Value at Balance Sheet Date
9Z4511
9Z4512
$0.00
$0.00
Collateralized with securities held in
possession of municipality or its agent
9Z4514A
$0.00
Page 20
OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Investment Certification
For the Fiscal Year Ending 2007
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 govemment 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 of the 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
* Other
3)
4)
Do you engage in reverse repurchase agreements?
Are RepurChase Agreements authorized by your investment
policy?
No
No
Name:
Title:
Phone Number:
Frank P Borquist
SeclTreas
(845) 297-3897
Page 21
)SC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Bank Reconciliation
For the Fiscal Year Ending 2007
Include All Checking, Savings and C.D. Accounts
Bank Add: Less: Adjusted
Account Bank Deposit Outstanding Bank
Number Balance In Transit Checks Balance
0048 3128 9805 $14,195 $0 $9,124 $5,071
082-73910-6 $2,237 $0 $0 $2,237
591 1100 2460 $34,367 $0 $23,575 $10,792
5911901619 $1,350 $0 $0 $1,350
591 9916542 $20,641 $0 $0 $20,641
5911906149 $4,843 $0 $0 $4,843
91000074233537 $732,071 $0 $0 $732,071
910 000 7423 3663 $837,344 $0 $0 $837,344
910 000 9262 1273 $166,028 $0 $0 $166,028
941 9793282 $206,107 $0 $1,900 $204,207
Total Adjusted Bank Balance $1,984,584
Eetty Cash $.00
Adjustments $.00
Total Cash 9ZCASH * $1,984,584
Total Cash Balance All Funds 9ZCASHB * $1,984,584
* Must be equal
Page 22
OSC Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Fire District Questionnaire
For the Fiscal Year Ending 2007
1) Has your district adopted a written procurement prolicy and is it complied with?
2) Has your district contracted to have an independent audit of its financial statements';
If not, has the Board of Fire Commissioners performed an internal audit of the
Treasurer's records and reports?
Response
Y
Y
3) Does your district have a written travel policy and is it complied with?
4) Are monthly bank reconciliations performed?
5) What is your district's FYE 2007 statutory spending limitation margin (amount)?
6) Does your fire district have a length of Service Award
Program (lOSAP) for volunteer firefighters?
N
Y
$2,617,134
Y
If so, how are the lOSAP funds invested?
Marketable Securities
Annuities
life Insurance
Other (describe)
Y
./
;<, 53l/.3to.:P
Page 23
OSC Municipality Code 131186806500
FIRE DISTRICT DEMOGRAPHICS
~ostar~ Mailing_Address:
- -~~--~--
217 Myers Corners Rd
Street Address or PO Box
(845) 297-3897
Fire District Telephone Number
NKFD.org
OffICial Email Address Website
Physical Address: (If Different From Postal Address)
Wappinger Falls
City
(845) 297-2122
NY 12590
State Zip
Fire District Fa\( Number
Street Address or PO Box
City
State Zip
BOARD DEMOGRAPHICS
CHIEF FISCAL OFFICER
Frank P Borquist
Name
217 Myers Corners Rd
Street Address or PO Box
(845) 297-3897
Telephone Number
fborqulst@afd.org
Email Address
SeclTreas
Title
Wappinger Falls
City
(845) 297-2122
Fax Number
00/00/0000
Term End Date
NY 12590
State Zip
CHAIRMAN OF THE BOARD
Joseph Norton
Name
217 Myers Corners Rd
Street Address or PO Box
(845)297-3897
Telephone Number
Chairman
Title
Wappinger Falls
City
(845)297-2122
Fax Number
00/00/0000
Term End Date
NY 12590
State Zip
Email Address
I, Frank P Borquist
hereby certify that I am the Chief Fiscal OffICer of the
New Hackensack Fire District , and that the information provided in the annual
financial report of the New Hackensack Fire District , for the fIScal year ended
12131/2007 , is true and correct to the best of my knowledge and belief. By entering the personal
identification number assigned by the Office of the State Comptroller to me as the Chief Fiscal OffICer
of the New Hackensack Fire District . and adopted by me as my signature for
use in conjunction with the filing of the New Hackensack Fire District 's annual
financial report, I am evidencing my express intent to authenticate my certification of the
New Hackensack Fire District 's annual financial report report for the fiscal year
ended 12131/2007
and filed by means of electronic data transmission.
Frank P Borquist
Name of Report Preparer
if different than Chief Fiscal Officer
Personal Identification Number
of Chief Fiscal OffICer
02/25/2008
Date
CERTIFICATION OF CHIEF FISCAL OFFICER
I. Frank P Borquist
the
. hereby certify that I am the Chief Fiscal Officer of
, and that the information provided in the annual
, for the fiscal year ended 12/31/2007
financial report of the
. is TRUE and correct to the best of my knowledge and belief.
By entering the personal indentification number assigned by the Office of the State Comptroller to me as
the Chief Fiscal Officer of the
. and adopted by me as
my signature for use in conjunction with the filing of the
annual financial report. I am evidencing my express intent to authenticate my certification of the
annual financial report for the fiscal year ended 12/31/2007
's
and filed by means of electronic data transmission.
Frank P Borquist
Name of Report Preparer if
different than Chief Fiscal Officer
Frank P Borquist
Name
( ) -
Telephone Number
Sec/Treas
Title
217 Myers Corners Rd
Official Address
02/25/2008
Date of Certification
(845) 297.3897
Official Telephone Number
Page 24
Municipality Code 131186806500
New Hackensack FIRE DISTRICT
Supplemental Section Comments
For the Fiscal Year Ending 2007
Page 25
AUD NOTES
CASH
p.11 2460 $10,792.01
p.13 6149 $4,843.16
p.17 910-6 $2,237.39
p.20 9805 $5,071.00
SUM $22,943.56
p.20 9805 $166,027.63
TOTAL $188,971.19
INTEREST
p.13 6149 $258.58
p.22 CD 1273 $14,180.05
TOTAL $14,438.63
REFUND of EXPENSE
p.10 2460 $16,314.58
p.13 6149 $21,055.12
p.17 910-6 $94.02
TOTAL $37,463.72
Fire/Personel Services
p.20 9805 $96,248.13
p.20 9805 $38,856.03
TOTAL $135,104.16
FIRE EQUIP
p.10 2460 $66,049.48
FIRE CONTR
p.10 2460 $373,554.76
p.10 2460 $120.00
p.13 6149 $484.50
Workers Comp -$4,415.55
Life Ins -$466.00
Health Ins -$29,372.49
TOTAL $339,905.22
TRANSFER FUNDS
p.10 2460 $355,859.29
STATE RETIRE $18,216.00
..
Page 1 of 1
Thank you, 131186806500 froln the FIRE DISTRICT of NEW
HACKENSACK, for your Subnlission to the
Local Govermnent Services and Econolnic Developlnent Data Exchange
Systeln on 02/26/2008 01 :37:44 PM.
All sublnissions are subject to verification by OSC.
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