HomeMy WebLinkAbout2023 Component Unit Annual Financial Report RECEIVED
For SOUTHOLD PARK DISTRICT FEB 21 2024
For the fiscal year ended DECEMBER 31, 2023
Operating Fund Southold Town Clerk
Balance Sheet
Assets
Cash $ 5,274
Cash in Time 220,548
Investments
Taxes Receivable
Other Receivables
State and Federal Aid Receivables
Due From Other Governments
Prepaid Expenses 675
Total Assets $ 226,497
Liabilities & Fund Equity
Accounts Payable $ 540
Notes Payable
Due to Other Governments
Deferred Revenues
Total Liabilities $ 540
Fund Balance -Appropriated ensuing year
Fund Balance -- Unreserved 225,957
Total Fund Equity 225,957
Total Liabilities & Fund Equity $ 226,497
Page 1
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2023
Operating Fund
Analysis of Changes in Fund Equity
Fund Equity - Beginning of Fiscal Year $ 324,291
Add: Revenues and Other Sources $ 403,936
Deduct: Expenditures and Other Uses (502,270)
Revenues and Other Sources Over(Under)
Expenditures and Other Uses (98,334)
Fund Equity - End of Fiscal Year* $ 225,957
* Total includes Appropriated and Unreserved Fund Balance
Page 2
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2023
Operating Fund
Detail of Revenues and Other Sources
Revenues Budget Actual
Real Property Taxes $ 347,184 $ 349,945
Real Property Tax Items
Non-property Tax Items
Departmental Income
Use of Money and Property 50,578 53,991
Sale of Property and Compensation for Loss
Miscellaneous Local Sources
State Aide
Federal Aide
Total Revenues $ 397,762 $ 403,936
Interfund Transfers
Proceeds of Obligations
Total Revenues and Other Sources $ 397,762 $ 403,936
Use of Money and Property
Rental Income $ 45,500
Interest Income 136
Other Income - Kayak Rack 1,440
Other Income - Memorial tree income 1,690
Admission Fees 5,225
Total $ 53,991
Page 3
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2023
Operating Fund
Detail of Expenditures and Other Uses
Expenditures Budget Actual
Personal Services $ 193,680 $ 211,527
Equipment and Capital Outlay 474
Contractual Expenses
Employee Benefits 74,717
Debt Principal
Debt Interest
Insurance 65,000 30,406
Utilities 41,782 29,948
Maintenance 60,000 109,305
Other: See Below 37,300 45,893
Total Expenditures $ 397,762 $ 502,270
Interfund Transfers
Total Expenditures and Other Uses $ 397,762 $ 502,270
OTHER:
Site Improvements $ 10,000 $ 8,157
Truck Expense 10,000 8,423
Miscellenous 10,000 8,959
Legal and Professional 7,000 19,850
Notices 300 504
Totals $ 37,300 $ 45,893
Salaries (personal services) $ 193,680 $ 206,609
Payroll service 4,918
Total Personal service $ 193,680 $ 211,527
Employee Benefits
Fica Expense $ 15,805
Health Insurance 28,982
Disability Insurance 1,246
Workers Compensation 7,637
Retirement System 21,047
Total Employee Benefits $ 74,717
Page 4
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2023
Capital Fund
Balance Sheet
Assets NOT APPLICABLE
Cash $
Cash in Time
Investments
Taxes Receivable
Other Receivables
State and Federal Aid Receivables
Due From Other Governments
Prepaid Expenses
Total Assets $
Liabilities & Fund Equity
Accounts Payable $
Notes Payable
Due to Other Governments
Deferred Revenues
Total Liabilities $
Fund Balance -Appropriated ensuing year $
Fund Balance-- Unreserved
Total Fund Equity $
Total Liabilities & Fund Equity $
Page 5
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2023
Capital Fund
Analysis of Changes in Fund Equity
NOT APPLICABLE
Fund Equity- Beginning of Fiscal Year $
Add: Revenues and Other Sources
Deduct: Expenditures and Other Uses
Revenues and Other Sources Over (Under)
Expenditures and Other Uses
Fund Eauitv - End of Fiscal Year* $
*Total includes Appropriated and Unreserved Fund Balance
Page 6
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2023
Capital Fund
Detail of Revenues and Other Sources
NOT APPLICABLE
Revenues Budget Actual
Real Property Taxes $ $
Real Property Tax Items
Non-property Tax Items
Departmental Income
Use of Money and Property
Sale of Property and Compensation for Loss
Miscellaneous Local Sources
State Aide
Federal Aide
Total Revenues $ $
Interfund Transfers
Proceeds of Obligations
Total Revenues and Other Sources $ $
Page 7
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2023
General Fixed Assets
INFORMATION IS NOT AVAILABLE
Assets
Land $
Buildings
Machinery & Equipment
Total Assets $
Investment in General Fixed Assets $
Page 9
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2023
Cash, Per Balance Sheet
Operating Fund
Less:
Outstanding Add: Cash on Adjusted Bank
Name and Location of Bank Bank Balance Checks Hand Balance
Dime Savings Bank $ 170,548 $ 170,548
Dime Savings Bank 23,767 (18,493) - 5,274
Dime Savings Bank 50,000 50,000
Add: Petty,Cash Funds
Total Adjusted Bank Balance and Petty Cash $ 225,822
Capital Fund
Less:
Outstanding Add: Cash on Adjusted Bank
Name and Location of Bank Bank Balance Checks Hand Balance
Add: Petty Cash Funds
Total Adjusted Bank Balance and Petty Cash $
Page 10
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2023
Cash
Schedule of Time Deposits and Investments
Cash
On Hand (ie Petty Cash)
Demand Deposits $ 175,822
Time Deposits 50,000
Total $ 225,822
FDIC Insurance
Colateralized with securities held in possession of
municipality or its agent
Total
Investments
Securities (450)
Book Value (cost)
Market Value at balance sheet date
Collateralized with securities held in possession of
municipality or its agent
Page 11
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the Fiscal Year Ended DECEMBER 31, 2023
Schedule of Employee and Retiree Benefits
1. Please fill in the schedule below using aggregate expenditure amounts from all funds for each account code.
2.Amounts listed should be applicable to your specific District only.
3.Employee counts should reflect the actual number of employees that the District paid benefits for during the year.
4. If you did not have paid employees or did not pay specific benefits for employees,enter zero's in the boxes.
Total # Full Time Employees 1
Total # Part Time Employees 33
Account Total 1 #of Full Time #of Part Time
Code Description Expenditures Employees Employees #of Retirees
90108 State Retirement System $ 21,047 1 1
90258 Local Pension -
90308 Social Security 15,805 , 1 33 0
Workers Compensation j
90408 Insurance 7,637 1 33 0
90458 Life Insurance -
I
90508 Unemployment Insurance -
90558 Disability Insurance 1,246 1 33
Hospital and Medical
90608 (Dental) Insurance 28,982 1 1
I
90708 Union Welfare Benefits
90898 Other Employee Benefits -
Total $ 74,717
Page 12
Certification of Fiscal Officer
I, EILEEN SAYRE , certify that I am the fiscal officer of the
SOUTHOLD PARK DISTRICT , and that this report, to the best of my knowledge,
information and belief, is a true and correct statement of the financial transactions and
fiscal condition for the fiscal year ended DECEMBER 31, 2023.
TREASURER
Signature Title
Qk r2k4
Official Address Date
PO BOX 959
SOUTHOLD, NEW YORK 11971 (631) 765-6019
Telephone Number
Please mail report to: If you have any questions relating to this
Town Comptroller report, please call Town Hall:
Town of Southold (631) 765-4333
53095 Route 25
PO Box 1179
Southold, NY 11971-0959
Page 13