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Home My WebLink About2023 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