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Home My WebLink About1988TOWN OF SOUTHOLD AUDIT REPORT DECEMBER 31~ 1988 JUN 2 ? 1989 TORN OF SOUTHOLD ~UDZT REPORTS DECEXBER 31; 1988 d 0 4~ q~ 0 4~ 0 O 0 4.J 0 bi 0 0 TOUH OF SOUTHOLD INDEX STATEHENTS PAGE Coflbined BaLance Sheet - ALL Fund Types & Account Groups ............................ I - 2 Combined Statement of Revenues, Expenditures, and Changes in Fund BaLance - ALL Governmental Fur~Typee ................................ 3-4 Carbined Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual - ALL Governmental Fund Types ............ ~ 5 - 6 Cembinin~ Statement Of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actua[ ALL General Funds ........................................... ALL Special Revenue Funds ................................... Capital and Specfa[ District FUnds ......................... Contbining Balance Sheets - ALL General Funds ........................................... 10 Programs for the Aging ...................................... 11 ALL specie[ Revenue Funds ................................... 12 Special District Funcls ..................................... 1t Combining Steteeent of Revenues, Expenditures, and Changes in Fund Be[anee - ALI General Funds ........................................... Programs for the Aging ...................................... 15 ALL Special Revenue Funds ................................... 16 Specie[ District Funds ..................................... 17 SCHEDULES Schedule of Long Term Debt ...................................... Fishers ]sLeed Ferry District - Combined Balance Sheet ...................................... Combined Statement of Revenues, Expenditures, and Changes in Fund Balance .......................................... 18 19 20 Departmental Bank Reconciliations - To~n CLerk ................................................. Tax Receiver ............................................... Justice of the Peace ....................................... 21 21 22 Fiduciary Bank ReconciLiation - · Payroll Account ......... ~ ...... ............................. Supervisor's Tax Account ................................... Fishers island Development Company .......................... 23 23 TO~JN OF SOUTHOLD INDEX - page 2 PAGE Report on Supplementary information Schedule ..................... Report on InternsL Accounting Control - Federal Funds ............ 25 - 27 Report on Co~oLlance - FecleraL Funds ............................. 28 - 29 ScheduLe of Federal FirmncisL Assistance ......................... 30 Findings & Questioned Costs ...................... Notes to FirmnclaL Statements .................................... .ASSETS Cash Due Froe Other Funds Due Fro~ Other Goverments State and Federal ReceivabLes Other ReceivabLes Deferred Expense Deferred Revenue Land · Bui {dings E~u{pment and Machinery Prov{s{o~ to be Made in Future Budgets TOTAL ASSETS LIABILITIES AND FUND BALANCE LIABILITIES ACCOUntS PayabLe Due to Other Funds Due to Other Governments Due to Pension System Deferred Revenues Del=os{ts HeLd CoepensatedAb~ences Obi{gat{ohs PayabLe Other L{ab{[{t{es TOTAL LIABILITIES TOUN OF SOUTHOLD COHB]NED BALANCE SHEET ALL FUND TYPES aradACCOU#T GROUPS DECEMBER 31, 1988 GEHERAL SPECIAL CAPITAL SPECIAL TRUST & GENERAL FIXED LONG TERN TOTALS REVENUE PROJECTS DISTRICT AGENCY ASSETS DEBT 12/31/88 12/31/87 305,252 $ 676,909 S 355,691 $ 132,593 $ 171,481 288,822 5,556 952 &02,559 46,688 23 19,956 4,131 5,423 9,095 58,234 30 4,422 25,249 15,859 36,734 $1,661,Rz7 1,610.707 6,775,552 $ 1,6~1,926 $ 2,117,099 295,330 169,899 ~9,270 557,776 29,510 212,577 71,781 81,122 41,108 0 36,734 0 1,461,8~7 1,460,733 1,610,71)? 1,6t0 ?07 6,7~5,552 6,293,113 S3,601o789 3,601,789 2,962,536 S1,050,933 S 838,555 S 361,144 S 142,571 S 172,456 S9,8~8,096 S3,601,789 S16,015,5~ S15,465,562 87,020 149,014 52,894 51,209 31,8~6 206,513 4,648 694 9,001 4,633 9,~96 857,400 5,762 166,694 297,929 229,702 295,330 169,8~9 5 ,:~,2 25,027 452,63~ 452,6~ 412,940 14,173 280,660 166,69~ 120,470 1,694,155 1,694,155 1,024,596 1,455,000 2,312,400 2,621,400 0 6,000 147,510 $ 190,850 s1,116,807 $ 9,245 S 172,456 0 S3,601,789 S 5,238,657 S 4,890,694 -1- continued TOUN OF SOUTHOLD CO#BINED BALANCE S#EET ALL FUI/D TYPES and ACCOUNT GROUPS DECEMBER 31, 1988 Page 2 ............ GOVERNMENTAL FUND TYPES .................. FIDUCIARY FUND ...... ACCOUNT GROUPS ......... MEMONANDUM ONLY .... GENERRL SPECIAL CAPITAL SPECIAL TRUST & GENERAL FIXED LONG TERM - TOTALS REVENUE PROJECTS DISTRICT AGENCY ASSETS DEBT 12/31/88 12/31/87 TOTAL LIABILITIES - from Page ( FUND BALANCE Investment {n Fixed Assets Reserve for Encumbrances Other Reserves Appropriated Ensuing Year's Budget Unappropr ~ated TOTAL FUND BALANCE TOTAL LIABILITIES AND FUND BALANCE · 147,510 $ 190,850 S1,116,807 $ 9,245 $ 172,456 0 $3,601,789 $ 5,238,65? S 4,890,694 9,848,096 9,848,096 9,~6~,553 3,6/*9 3,6/,9 I0,726 65,000 65,000 29,000 310,000 270,000 355,208 21,022 956,230 1,724o700 589,774 377,?05 (1,110,871) 47,$0~ ( 96°088) (554,111) · 903,4:~ · 6~7,?05 S (755,66~) $133,326 $ 0 $9,848,096 $ 0 $10,776,887 $10,574,868 $1,050,933 · 838,555 · 361,1~ ·142,571 $ 172,456 $9,8~8,096 $3,601,789 $16,015,5~4 ·15,465,562 NOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT -2- TO~ OF SOUTNOLD COMBINED STATEHENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GOVERNHENTAL FUND TYPES JANUARY I ' DECEHBER 31, 1988 ......... GOVERNMENTAL FUND TYPES ..................... MEMORANDUM ONlY GENERAL SPECIAL CAPITAL SPECIAL TOTALS REVENUE PROJECTS DISTRICT 12-31-88 12-31-87 REVENUE Rea[ Property Tax Rea[ Property Tax Itmas Franchises Departmental Inc~ Intergovernmental Charges Use of Money end Property Licenses and Permits Fines end Forfeitures Property Sales and Loss Corapensation MisceLLaneous Local Sources Interfund Revenues '%nterfond Transfers State Aid Federal Aid Proceeds of ObLigations Capital Notes Redeemed from Appropriations TOTAL REVENUES EXPENDITURES General Government Support PubLic Safety HeaLth Transportation Economic Assistance and Opportunity CuLture and Recreation Nome and Con. unity Service EmpLoyee Benefits Debt Service InterfundTransfers TOTAL EXPENDITURES $2,664,071 $5,097;120 $ 526,721 S8,087,912 $7,033,&79 ~6,500 18,&51 924 55,875 24,560 0 21,546 21,566 147,781 ~3o410 85,608 676,799 681,725 18~,536 38,~.6 20,400 242,382 0 105,960 180,4Z~ $ 69,468 11,097 366,948 318,084 67,314 6,965 74,279 67,919 ~,099 ~*,099 44,103 38,553 16,132 54,685 161,067 102,990 274,771 5,500 383,261 454,193 0 0 0 0 0 8,998 87,010 ~3 37,209 124,702 16.47'9 967,038 300,885 54,225 1,322,1/.8 1,518,227 99,30~ 105,062 2W,,366 274,858 0 0 390,000 390,000 552,547 $4,54~,156 $6,503,69/* $ 519,193 $ 481,959 $12,049,002 $11,156,239 1,608,06~ 227,254 144,853 6,730 1,986,901 2,065,962 135,635 2,70~,299 23,427 101,020 2,96~,381 2,662,248 73,564 3,000 76,566 19,769 250,305 1,827,041 2,077,3~6 1,793,410 364,380 366,380 57,201 271,314 271,314 264,419 596,8?5 537,869 765,354 259,828 2,159,926 1,970,136 558,651 1,100,088 1,658,759 1,423,534 556,973 22,736 13,055 - 53,635 6/*6,399 542,414 12,493 112,209 124,702 16,479 S4,428,254 $6,422,287 $1,058,898 S ~,21,213 $12,330,652 S10,815,572 -3- CONTINUED TONN OF SOUTHOLD COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GOVERNMENTAL FUND TYPES JANUARY 1 o DECEMBER 31, 1988 ......... GOVERNMENTAL FUND TYPES ..................... HENORANDUM ONLY .... T--- GENERAL SPECIAL CAPITAL SPECIAL TOTALS REVENUE PROJECTS DISTRICT 12-31-~ 12-31-87 TOTAL REVENUES from page $ 4,544,156 $ 6,503,694 $ 519,19~ $ /,81,959 $12,049,002 S11,156,239 TOTAL EXPENDITURES from page 4,428,254 6,422,287 1,058,898 421,213 12,330,652 10,815,5~2 EXCESS REVENUES OVER (UNDER) EXPENDITURES FUND BALANCE JANUARY 1. 19~ Transfer Amouflt Accrual Adjustment FUND BALANCE DECEMBER 115,902 81,407 (539,705) 60,746 (281,650) 340,667 787,521 566,298 (209,958) 66,454 1,210,315 875,i9~ ( 6,000) 6,126 126 (5,545) $ 903,~23 S 6~7,705 $ (?55,663) $ 133,326 S 928,791 $ 1,210,315 NOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT -4- TO~N OF SOUTHOLD COHB]NED STATENENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL - ALL GOVERNMENT FUND TYPES JANUARY 1 - DECENSER 31, 1988 REVENUE Real Property TAX Real Property Tax ]ter~ Franchises Federal Aid ............ GOVERNMENTAL FUND TYPES ..................................................................... GENERAL SPECZAL CAPITAL SPEC[AL TOTAL ACTUAL ENCUNBRANCES VARIANCE REVENUE PROdECTS DISTRICT BUDGETS S2,664,071 $5,097,120 $ 326,7ZI $ 8,087,912 $ 8,087,912 $ $ 0 22,800 5,400 28,200 55,875 27,675 0 21,566 21,546 170,421 504,520 107,200 782,141 676,799 ( 105,34.2) 278,468 0 278,468 242,382 ( 36,086) 70,160 137,916 18,000 226,076 366,948 140,872 63,500 7,500 71,000 74,2r9 $,279 36,300 36,300 64,099 7,799 140,225 4,200 1/~.,425 54,685 ( 89,740) 90,622 409,974 $ 131,306 631,902 383,261 ( 248,641) 0 48~ /*83 124,702 124,219 0 8,000 8,000 0 ( 8,000) 876,000 27'5,790 138,364 1,288,154 1,322,148 33,994 26,722 13,200 883,771 923,693 204,366 ( 719,327) 454,485 454,485 0 ( 454,&85) 4,250,000 4,250,000 390,000 (3,860,000) S4,439,289 S6,462,103 S5,857,926 $ 451,921 $17,211,2~9 S12,049,002 S 0 S(5,162,237) 726,471 365,535 0 5,125 1,097,131 S5,165,760 S6,827,6~8 S5,857,926 $ 457,046 $18,308,370 CONTINUED TOgN OF SOUTNOLD COMBINED STATE#ENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE BUOGET AND ACTUAL - ALL GOVERNflENT FUND TYPES o Page 2 JANUARY 1 - DECENBER 31, 1988 ............ GOVERNMENTAL FUND TYPES ................................................................... GENERAL SPEC]AL CAPITAL SPECIAL TOTAL ACTUAL ENCUHSRANCES VARIANCE REVENUE PROJECTS DISTRICT BUDGETS TOTAL REVENUES AND OTHER SOURCES from page EXPENDITURES Genera[ Government Su~oort Pubtic Safety Hearth Traflspartatio~ Economic Assistance and Opportunity Cutture and Recreation Home and Community Service EmpLoyee Benefits Debt Service InterfundTransfers TOTAL EXPENDITURES Excess Rever~Jes Over (U~r) Expenditures Fund Balance January 1, 1988 Transfer Amount FUND BALANCE DECEHBER 31, 1988 $5,165,760 $6,8?.7,638 $5,857,926 $ 457,0/*6 $18,308,370 Sl,699,348 S 227,270 $ 527,058 $ 11,311 S 2,464,987 .S 1,986,901 $ 478,086 139,T'/'1 2,705,335 190,768 101,840 . 3,137,714 2,964,381 S 1,6/.9 171,684 7'5,850 3,000 76,850 76,564 286 271,600 2,022,6~4 2,294,234 2,077,~46 216,888 4&1,833 0 6~.1,833 36~,3~0 77,453 307,271 0 307,271 271,314 2,000 33,957 9~8,832 656,063 5,014,836 2~0,200 6,959,933 2,159,926 4,800,007 (~3,777 1,190,5Z5 1,054,302 1,650,739 195,5~3 556,985 22,809 13,055 53,695 646,544 ~46,3~9 145 12,493 0 112,209 124,702 124,702 0 S5,165,760 $6,827,638 S5,857,926 S 457,0~6 S18,308,370 $12,330,652 S 3~649 $ 5,974,069 ( 726,471) ( 365,535) 0 ( 5,123) ( 1,097,131)-( 281,650) 787,521 566,298 (20~,~58) 66,&54 1,210,315 1,210,315 ( 6,000) ( 6,000) 126 S 61,050 S 200,763 S( 215,958) S 61,3Z9 S 107,184 S 928,791 NOTES TO FINANCIAL STATEHENTS ARE AN INTEGRAL PART OF THIS STATEHENT -6- TOUN OF SOUTHOLD STATEMENT OF REVENUES, EXPENDITURES AND CHANGES [N FUND BALANCE BUDGET AND ACTUAL - ALL GENERAL FUND JANUARY 1 - DECEMBER 31, 1988 9udget REVENUES ReaL Property Taxes $2,66~,071 $2,66~,071 Real Property Tax Items 22,800 36,500 Departmental Intone 170,421 147,781 IntergovernmentaL Charges 278,468 183,536 Use of Moray end property 70,160 105,960 Licenses & Permits 63,500 67,31& Fines & Forfeitures 36,300 44,0~9 Property Sales & Loss Compen- satins 140,225 38,553 MisceLLaneous LocaL S~urces 90,622 102,990 State Aid 876,000 967,038 Federal Aid 26,722 99,30& lnterfund Transfers 0 87,010 ActuaL Ensumbrance VeK[ence $ 13,700 ( 22,6~0) 94,932) 35)800 .. 3,816 7,799 101,672) 12,368 91,038 72,582 87,010 TOTAL REVENUES $4,439,289 S4,544,156 S 104,867 Appropriated F~nd BaLance 726,471 TOTAL REVENUES & $5,165,760 OTHER SOURCES ========== EXPENDITURES General Government Support $1,699,348 $1,608,06~ $ 91,28~ PubLic Safety 139,771 135,635 $ 1,6~9 2,487 Public HeaLth T3,850 73,56~ 286 Transportation 271,600 250,305 21,295 Economic Assist. & Opportunity &41,833 36~,380 7T,453 CuLture & Recreation 307,271 271,314 2,000 33,957 Hame & Conmtality Service 998,8~2 596,875 401,957 EmpLoyee Benefits 663,777 558,651 105,126 Debt Se?vice 556,985 556,973 12 Interfund Transfers 12,493 12,493 0 ~OTAL EXPENDITURES S5,165,760 S4,428,254 S 3,649 S 7"33,857 EXCESS REVENUES OVER (UNDER) EXPENDITURES ($ 726,471) S 115,902 FUND BALANCE JAN. 1, 1988 $ 787,521 $ 787,521 ROUNDING ACCRUAL ADJUSTMENT 0 0 FUND BALANCE DEC. 31, 1988 $ 61,050 $ 903,423 NOTES TO FINANCIAL STATEMENT ARE AN iNTEGRAL PART OF THIS STATEMENT -7- TOUN OF SOUTHOLD EOHBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES iN FUND BALANCE BUDGET and ACTUAL - ALL SPECIAL REVENUE FUNDS JANUARY 1 - DECEHBER 31, 1988 BUDGET ACTUAL ENCUMBRANCES VARIANCE REVENUE Rea[ Property Taxes $5,097,120 $5,097,120 Real Property Tax Items 5,400 18,451 NOn - Property Tax items 0 21,546 Depertmentet lnc~ 504,520 443,410 Intergoverr~nteL Chargee 0 38,446 Uae of Money a~ Pretty 137,916 1~,&23 Llcenaea and Permita 7,500 6,965 Property Sales & Lose C~naation 4,200 16,132 Miscellanefis Local Sfircea 409,9?4 274,~1 Interf~ Reve~ea 8,000 0 Interf~ Tre~fera 48~ 483 State Aid 2~,~0 300,~5 F~erel Aid 13,200 105,~2 TOTAL REVENUES .A~oroorietecl F~ BaLance TOTAL 0 13,051 21,546 61,110) ~8,446 42,507 535) 11,932 135,203) 8,000) 0 27,095 91,862 $6,462,103 $6,503,694 $ 0 $ 41,591 365,535 $6,827,638 EXPENDITURES General Government Sup~ort Pubtic Safety Transportation Health Nome and Coa~ity Service Employee Benefits Debt Service TOTAL EXPEND%TURES ~XCESS REVENUE OVER(UNDER) EXPENDITURES FUNO BALANCE - JANUARY 1, 1988 FUND BALANCE - DECEMBER 31, 1988 S 227,270 $ 227,254 $ 16 2~705,535 2,704,299 1,036 2,022,634 1,827,0~1. 195,593 3,000 3,000 0 656~0~5 537,869 118,196 1,190,525 1,100,0~ 90,437 22,809 22,736 73 $6,827,638 $6,422,287 $ 0 $ 405,351 ( 365,535) 81,407 566,298 566,298 200,763 $ 6~7,705 NOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT -8- REVENUES Real Property Taxes Real Property Tax %tam Depar tme~teL Income ] ntergoverrment a L Charges Use of Mo~ey and Property NisceTtaneo~s Local Sources State Aid Federal Aid Interfund Transfers TOTAL TOTA~L EXPENDITURES EXCESS REVENUES OVER(UNDER} EXPENDITURES FUND BALANCE o JANUARY 1, 1988 Transfer Amount FUND BALANCE - DECEMBER 51. 1988 TO~NOF SOUTHOLD STATEMENT OF REVENUES, EXPENDITURES, and CHANGES IN FUND BALANCE BUDGET and ACTUAL - CAPITAL and SPECIAL DISTRICT FUNDS JANUARY I - DECEMBER 31, 1988 BUDGET ACTUAL VARIANCE BUDGET ACTUAL VARIANCE $ 69,468 $ 69,468 131,306 5,500 ( 125,806) 138,364 54.225 ( 8~,159) 88~,7T1 ( $ 326,721 $ 326,721 $ 0 0 924 924 107.200 85,608 ( 21,592) 0 20,400 20,400 18,000 11,1D97 ( 6,903) 0 37,209 37,20~ $1,153,441 $ 129,193 $(1,024,248) 651,921 454,685 ( 454,~85) 4,250,000 390,000 (3,860,000) $5.857,926 $ 519.193 $(5,338,T33) 457,0~6 $ 481,959 $ 30,038 527,058 $ 144,853 S 382,205 11,311 6,730 4,581 190,768 23,427 167,341 101,840 101,020 8?.0 5,014,8~6 765,354 4,249?,82 290,200 259,828 30,372 13,055 13,055 0 : 53,695 53,635 60 112,209 112,20~ 0 $5,857,926 $1,.058,898 $4,799,028 $ 457,046 $ 421,213 S 35,833 0 $(539,705) $( 5,125) $ 60,7~6 $( 209,958) $( 209,950) $ 66,454 S ~,454 ( 6,000) ( 6,000) 0 6,126 $( 215,958) $( 755,663) $ 61,329 $ 133,326 NOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT -9° TO~H OF SOUTNOLD COI4BINING BALANCE SHEET GENERAL FUNDS DECEMBER 31, 1988 .......................... MEMORANOU~4 ONLY .... Programs for TotaLs Toar~tde the Aging 12/31/88 12/31/87 ASSETS Cash Accounts ReceivabLe State and Federal Receivables Oue frmn Other Funds Oue from Other Governments Deferred Expense TOTAL ASSETS S300,981 $ 4,271 $ 305,252 $ 286,82& 9,095 0 9,095 19,405 19,956 0 19,956 29,929 287,270 1,552 288,822 166,578 351,651 50,908 402,559 536,762 25,249 0 25,249 0 $994,202 $ 56,731 $1,050,933 $1,039,&98 LIABILITIES ~ FUND BALANCE LiabiLities Accounts Payab[e Due to Other Funds Oue to Other Governments Oeferred Revenues $ 8~.718 $ 2,302 $ 87,020 $ 106,371 1,428 49,781 51,209 0 4,648 &,648 7,579 4,633 0 4,633 96,354 TotaL LiabiLities $ 90,779 $ 56,7'51 $ 147,510 $ 251,977 FurK~ Balance Reserved for Encumbrances · . $ 3,649 Unreserved - Appropriated 310,000 Unreserved - Unappropriated 589,774 $ 3,649 $ 4,432 310,000 710,000 589,774 73,089 Total Fund BaLance $903,423 $ 0 $ 903,423 $ 787,521 TOTAL LIABILITIES A FUND BALANCE $9~4~202 $ 56,731 $1,050,933 $1,039,498 NOTES TO FINANCIAL STATEMENT ARE AN INTEGRAL PART OF THIS STATEMENT . -10- TC3/fl OF SOUTHOLD COKBINING BALANCE SHEET PROGRAHS FOR THE AGING DECEMBER 31, 1988 ASSETS Cash Due fro~ Other Funds Due fr=; Other Governments TOTAL ASSETS ADULT DAY BRIEF HO~E AID/ NUTRITION CARE RESPITE CHORE SNAP EISEP TOTAL 600 $ 1,906 $ 50 $ 1,573 $ 92 $ 50 $ &,271 444 16 0 205 887 0 1,552 33,469 3,089 1,253 3,493 8,0~8 1,556 50,908 34,513 S 5,011 $ 1,303 S 5,271 S 9,027 S 1,606 $ 56,731 LIABILITIES AND FUND BALANCES LIABILITIES Accounts Payable Due to Other Funds Due to Other Governments TOTAL LIABILITIES FUND BALANCES TOTAL LIABILITIES AND FUNO'BALA#CES $ 1,940 $ S 226 $ 50 .$ 86 S 2,302 32,573 3,944 $ 1,303 4,143 7,279 539 49,781 1,067 902 1,698 981 4,648 $ 3~,513 $ 5,011 $ 1,303 $ 5,271 $ 9,027 $ 1,606 $ 56,731 $ 0 S 0 $ 0 S 0 S 0 S 0 $ 0 $ 34,513 $ 5,011 S 1,303 $ 5,271 $ 9,027 $ 1,606 $ 56,731 NOTE TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT -11- ASSETS Cash Acco~qts Receivab{e Due fran Other Fur~s Due frc~ Other Governments State and Federa{ Receivabtes Deferred Revenue - Er,.suing Year Deferred Expense - Ensuing Year TOTAL ASSETS TO~IN OF SOUTHOLD CCMBINING BALANCE SHEET ALL SPECIAL REVENUE FUNDS DECEMDER 31, 1988 GENERAL ....... HIGHWAY FUNDS ....... SPECIAL FEDERAL ...... NEMORANOU~ ONLY FUND GRANT REVENUE PART TO~N TOUN WiDE pART TO~N F~HDS SHARING 12/31/88 12/31/87 13,960 $ 1~4,167 $ 515,7~8 $ 13,044 $ 676,909 $ 759,329 58,234 58,234 ~4,860 0 3,321 46,688 46,688 21,014 4,131 4,131 23,448 36,734 36,734 0 3,~06 12,253 15,859 0 $ 113,059 $ 137,773 $ 527,9~1 $ 59,732 $ 0 $ 838,555 $ 851,972 LIABILITIES AND FUND ~ALANCE LIABILITIES Accounts Payabte Due to Other Funds Due to Other Governments Deferred Reven~es TOTAL LIABILITIES ~UND BALANCE Reserved for Ensurabrances Appropriated - Ensuing Year's Budget Unappropriated ~OTAL FUND BALANCE TOTAL LIABILITIES AND FUND BALANCE S 63,268 S 21,450 S 12,10& $ 52,192 S 149,014 S 2~,033 25,000 6,846 31,~,6 20,~.6 694 694 9,317 6,043 1,184 2,069 9,~ 1~,9~ $ 0 $ 6,294 $ 30,000 $ 240,000 270,000 12~,258 18,748 85,139 273,818 377,705 $ 436,746 18,748 $ 115,139 S 513,818 S 0 $ 0 $ 6~7,705 $ 566,298 113,059 $ 137,77~ $ 527,991 $ 59,732 $ 0 $ 838,555 $ 851,972 NOTES TO FINANCIAL STATEHENTS ARE AN INTEGRAL PART OF THIS STATEMENT -12- TOklN OF SOUTNOLB COMBINING BALANCE SHEET SPEC]AL DISTRICT FUNDS DECEMBER 31, 1988 ~ENDY DRIVE FIRE ~JEST GREENPORT SOUTHOLD FISHERS MEMOP, ANDUM ONLY IMPROVEMENT PROTECT]ON gASTEWATER WASTEgATER ]SLARD SEUER TOTALS DISTRICT DISTRICT DISTRICT DISTRICT DISTRICT 12-31-88 12-31-87 ASSETS Cash AccmJnts ReceivabLe Due From Other Funds TOTAL ASSETS $ 49 S12~,172 $ 3,372 $132o593 $ 67,?38 4,422 4,422 5,(~2 $ 960 $ ~,5~, 5,556 S ~9 S 960 $ ~,596 S133,594 S 3,372 S1~2,571 S 7~,370 L]ASZLIT]ES AND FUND BALANCE LiabiLities Accounts Pa~abLe Deferre~Eevenue Unappropriated Total Liabilities Fu~dBalance Other Reserves Appropriated Urmppropr i ated Total Fund BaLance TOTAL LIABILITIES ~ FUND BALANCE $ 8,535 $ 466 $ 9,001 S 588 2~, 2~* 328 6,000 0 0 0 $ 8,779 $ 466 $ 9,2&5 $ 6,916 $ 65,000 $ 65,000 $ 29,000 $ 47 $ 960 $ 15 20,000 21,022 5,000 2 4,581 39,815 $ 2,906 47,30~ 32,454 S &9 S 960 $ 4,596 $124,815 S 2,906 $133,326 $ 66,454 $ 49 $ 960 S 4,596 $133,594 $ 3,372 S142,571 $ 73,370 NOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. - 13- TO~N OF SOUTHOLD COMBINED STATENEHT OF REVENUES, EXPENDITURES & CHANGES IH FUND BALANCE ALL GENERAL FUNDS JANUARY 1 - DECEMBER 31, 1988 PROGRAMS MEMORANDUM ONLY WHOLE FOR THE TOTALS TO~N AGING 1988 1987 REVENUES Real Property Taxes Reel Property Tax Items Departmental income IntergoverrraentaL Charges Use of Money & Property Licensee & Permits Fines & Forfeitures Property Sales/Loss Componsatto~ MiscelLaneous Local Sources State Aid Federal Aid Interfufld Transfers TOTAL REVENUES E~PENDITURES General Government Support PubLic Ssfety PubLic HeaLth Transportation Economic Assistance & Opportunity Cutture & Recreation Home & Community Service Employee Benefits Debt Service ' InterfundTransfers TOTAL EXPENDITURES $2,66~,,071 $2,664,071 $2,251,442 36,500 36,500 24,560 85,072 $ 62,709 147,781 144,781 11,900 171,636 183,536 115,756 105,899 61 105,960 81,336 67,314 67,314 61,039 44,099 44,099 44,103 38,553 38,553 152,173 102,878 112 102,990 39,921 967,038 967,038 1,140,627 24,459 74,845 99,304 ' 92,304 87,010 87;010 4,000 $4,234,793 $ 309,363 $4,544,156 $4,152,042 Sl,604,087 S 3,977 $1,608,0~ Sl,448,375 135,635 135,635 1:~,981 73,564. 73,56~ '* 16,058 250,305 250,305 254,674 72,352 L~92~028 36~,380 296,578 271,314 271,314 26~,419 596,875 596,875 473,012 545,083 13,568 558,651 445,016 556,9?3 12,009 556,9?3 437,135 48~ 12,493 14,539 $4,106,672 $ 321,582 S(,, 428,254 $3,77'9,587 EXCESS REVENUE OVER (UNDER) EXPENDITURES $ 128,121 ($ 12,219) $ 115,902 $ 37~,455 FUND BALANCE - JANUARY 1, 1988 $ 775,301 $ 12,220 $ 787~521 ' $ 408,983 ROUHDING ACCRUAL ADJUSTMENT $ 1 ($ 1) 0 $ 6,083 FUND BALANCE - DECEMBER 31, 1988 903,423 0 $ 903,423 $ 787,521 NOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. - 14- TOMN OF SOUTNOLD CO~BINING STATEMEMT OF REVENUES, EXPENDITURES & CHANGES IN FUND BALANCE PROGRAMS FOG THE AGING JANUARY I - DECEMBER 31, 1988 REVENUES Departmentat Income Use of Money and property %ntergoverneental Charges Miscet~aneous Local Sources Federal Aid TOTAL REVENUES ADULT BRIEF HOME NUTRITION DAY CARE RESPITE CHORE SNAP E]SEP TOTAL $ ~6,066 $ 10,266 $ 50 $ 192 $ 15,955 $ 180 $ 62,709 35 26 61 59,689 22,747 3,542 17,5~ 60,981 7,143 171,636 112 112 71,248 3,597 S167,003 $ 33,125 $ 3,592 $ 17,726 $ 80,568 $ 7,~9 S309,~5~ EXPENDITURES Genera[ Government Support Econemi¢ Assistance & Op~rtunity Erupt oyee Benefits Interfund Transfers TOTAL EXPENDITURES $ 3,977 .S 3,977 154,639 S 30,589 S 3,379 $ 16,927 $ 79,254 S 7,240 ·292,028 8,&75 2,597 218 799 1,314 165 13,56~ 3,e52 3,819 4,238 12,00~ S171,043 S 37,005 S 3,597 S 21,964 $ 80,568 S 7,405 $321,582 EXCESS REVENUE OVER (UNDER) EXPENDITURES (S 4,0~0) CS 3,880) CS 5) CS 4,2~8) 0 (S 56) CS 12,219) FUND BALANCE - JANUARY 1. 1988 ROUNDING ADJUSTMENT FUND BALANCE - DECEMBER 31, 1988 $ 4,041 $ 3,880 S 5 $ 4,7.38 0 $ 56 $ 12,220 ($ 1) ($ 1) 0 0 0 0 0 0 0 NOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT - 15- TO~J OF SOUTROLD COHBINING STATEMENT OF REVENUES, EXPENOITURES & CHANGES IN FUND BALANCE ALL SPECIAL REVENUE FUNDS JANUARY 1 - DECEMBER 31, 1988 GENERAL . #IGHUAY FUNDS SPECIAL FEDERAL MEMORANDUM ONLY FUND GRANt REVENUE TOTALS PART TOUN TO~flgIDE PART TOWN FUNDS SHARING 12-31-88 12-31-87 ~EVEHUES Rest Property Taxes Rea[ Property Tax Itees Non-Property Tax frees Oeportme~taL Inc~ Intergovernmental Charges Use of Money and Proflerty Licenses and Permits Porperty BaLes and Loss Compensation MisceLLaneious Local Sources INterfund Revenues Interfund Transfers state Aid Federal Aid TOTAL REVENUES $3,162,840 $ 666,080 $1,268,200 $5,097,120 $4,566,763 11,449 2,411 4,591 18,451 21,546 21,546 443,410 443,410 38,~.6 38,~.6 88,20~ 22,581 69,422 $ 216 180,4~3 150,838 6,965 6,965 6,880 16,132 16,132 8,89~ ~6,546 8,171 $ 230,054 274,7-/1 29~,491 0 8,998 483 48~ 135,331 2,26~ 163,291 300,885 352,716 13,575 91,487 105,062 2,142 $3,960,869 $ 706,910 $1,605,162 $ 230,537 $ 216 $6,503,694 $5,838,~80 EXPENDITURES General Government Support Pubtic Safety Transportation HeaLth Home and Cm~t~ity Services EmpLoyee Benefits Debt Services Interfund Transfers TOTAL EXPENDITURES EXCESS REVENUE OVER (UNDER) EXPENDITURES FUH~D BALANCE i JANUARY 1, 1988 ACCRUAL AJDUSTMENT FUND BALANCE i DECEMBER ~1, 19~ $ 227,254 $ 227,254 $ 211,772 2,704,299 2,704,299 2,418,6~6 $ 547,941 $1,279,100 1,827,0~1 1,529,890 3,000 3,000 3,711 295,574 $ 242,295 537,869 419,3'37 78~,685 100,457 215,9~6 1,100,088 978,518 17,827 $ 4,909 22,7~6 50,6~2 0 : 1,940 r~,013,812 S 666,225 . $1,495,046 $ 242,295 $ 4,~09 $6,422,287 $5,614,456 ($ 52,943) S 40,685 $ 110,116 ($ 11,758) ($ 4,693) $ 81,407 $ 223,924 $ 71,691 $ 74,454 $ 403,702 $ 11,~8 $ 4,693 $ 566,298 $ 354,002 ($ 11,628) ............................................ ~ ................................................. $ 18,748 $ 115,139 . $ 513,818 0 0 $ 6~?,?05 $ 566,298 NOTES TO FINANCIAL STATEMENTS ARE AN %NTEGRAL PART OF THIS STATEMENT - 16 - TOUR OF SOUTHOLD COMBZNIHG BTATEHENT OF REVENUES, EXPENDITURES & CHANGES ZN FUND BALANCE SPECIAL DISTRICT FUNDS JANUARY 1 - DECE#BER 31, 1~88 I~ENDY DRIVE FIRE 14EST GREENPORT SOUTHOLD FISNERS I#PROVEMENT' PROTECTION gASTEgATER UASTEWATER ISLAND SEkt~R DISTRICT DISTRICT DISTRICT DISTRICT DIBTRICT MEMORANDUM ONLY TOTALS 12-31-88 12-31-87 REVENUES Real Property Taxes Real Property Tax Items Depertmente[ Income Intergovernmentet Charges Use of Honey and Property MisceLLaneous Loce[ Sources Interfu~d Transfers TOTAL REVENUES EXPENDITURES Ger~reL Goverrmnt suppert Public Safety Home and Community Service Transpertatio~ Debt Service TOTAL EXPENDITURES EX~ESS REVENUE O~E (UNDER) EXPENDITURES FUND BALANCE i JANUARY 1, 198~ TRANSFER ADJUSTNENT FUND BALANCE i DECEMBER ~1, 1988 1,560 $101,715 $ 11,311 $212,135 $326,721 $215,274 2 139 15 768 924 76,8~0 $ 8,7~8 85,608 89,286 20,400 20,400 10,764 333 11,0~7 19,229 5,025 37,209 37,209' , 2,846 S 1,562 $101,854 S 11,326 $358,146 S 9,071 S481,959 S331,660 $ 6,7"~0 S 6,730 $101,020 101,020 $251,212 $ 8,616 259,828 $205,210 6,846 S 1,513 52,122 53,635 54,~37 $ 1,513 . ' $101,020 $ 6,7'30 $303,334 $ 8,616 S421,213 $2(~,6~3 $ 49. $ 834 S 4,596 $ 54,812 $ 455 S 60,746 S 62,967 ($ 6,000) $ 70,003 $ 2,451 S 66,454 S 3,487 $ 6,000 $ 126 $ 6,126 $ 49 $ 960 $ 4,596 S124,815 $ 2,906 $133,326 S 66,454 NOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF TH%S STATEMENT. 17- TOWN OF SOUTROLD SCHEDULE OF LONG TERM DEBT DECEMBER 31, 1988 ORIGINAL ISSUE FINAL DATE MATURITY INTEREST RATE ISSUE PAID GUTSTANDING IN IN ~UTSTANDING 1-1-88 t988 1988 12-31-88 LandfiLL Buitding and Equipment Pretreatment Plant ConstructJo~ Boat Launch Ramp Agricutture Land Rights - Serial Bond MobiL S~eeper Tub Grinder PayLoader TeLephone System Repairs SYC BuiLding LandfiLL COIl~Oactor Soa[e House gendyDriYe Road Iraprove~ent PoHoa Dog pound Improvement Coa~ut er Systec Coaput er Systec payloader TOTAL 11/83 10/88 4.90 6/83 6/88 4.65 2/84 1/89 5.25 4/84 4/2005 9.10 6/85 6/90 5.~8 8/85 8/90 5.75 10/85 10/90 5.95 1/87 1/91 5.09 10/86 10/91 5.75 4/87 4/92 4.75 6/87 6/92 5.375 10/87 10/92 5.95 11/87 11/92 5.74 11/87 11/92 5.74 11/87 11/92 5.75 10/88 10/9'5 6.00 5/88 5/93 5.25 120,000 $ 120,000 50,000 50,000 ~6,000 18,000 $ 18,000 1,525,000 70,000 1,455,000 47,400 15,800 31,600 40,800 13,600 27,200 61,200 20,400 40,800 24,000 6,000 18,000 32,000 8,000 24,000 175,000 35,000 140,000 140,000 28,000 112,000 6,000 1,200 4,800 75,000 15,000 60,000 70,000 14,000 56,000 225,000 45,000 180,000 $ 60,000 60,000 85,000 85,000 S2,627,400 S 145,000 S 460,000 $2,312,400 NOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. - 18- FISHERS ISLA#D FERRY DISTRICT CO~BIMED BALARCE SHEET DECE#BER 31, 1988 MEHORANDU#ONLY GENERAL CAP%TAL TRUST & LONG* TERM TOTALS FUND FU~D AGENCY DEBT 12-31-88 12-31-87 ASSETS Cash Due Free Other Funds Due Fro~ Other Governments Aiil~t to be Provided for Long Ter~ Debt TOTAL ~SSETS 707,059 $ 27,780 $ T~,,8~19 S 540,17~ 23,7~4 23,79~ 17,508 14,~ S 76S,000 765,000 ~0,0~ ~0,853 $ 27,~ S 765,000 Sl,5~,~3 Sl,400,424 LIABILITIES AND FUND BALANCE Liabilities Accounts Payable Deferred Revenues Due to Other Funds Serial Bo~ds PayabLe Total Liabilities Reserve for Encumbrances Total Fund BaLance TOTAL LIABILITIES AND FUND BALANCE 14,755 $ 3,986 S 18,721 $ 6,~68 4,573 23,794 23,794 17,508 $ 765,000 765,000 820,000 14,735 $ 27,780 $ 765,000 S 807,515 S-8~8,549 S 36°096 716,118 $ 716,118 $ 515,779 ................................................ . ............................... 730°853 $ 27°780 $ 765~000 $1,523,653 S1o400o&24 HOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. - 19- F]SRERS ISLAND FERRY DISTRICT COMBINED STATEMENT OF REVENUES, ENPENDITURES AND CHANGES IN FU~D BALANCE JANUARY 1 - DECEMBER 31, 1988 MEHORANDUM ONLY GENERAL CAPITAL TOTALS FUND FUNO 12-31-88 12-31-87 REVEHUES Real Property Tax Items $ 132,631 $ 132,631 $ 140,779 Depertmenta[ Income 923,468 923,468 879,733 Use of Money and ~roperty 37,195 37,195 ' ' 39,146 MisceLLaneous Local Sources 1,251 1,251 4,327 State Aid 8,960 8,960 Federal Aid 19,816 19,816 14,738 TOTAL REVENUES B1,123,321 0 $1,123,321 S1,078,723 EXPENDITURES Contractual Expense Capital Outlay EmpLoyee Benefits Oebt Service TOTAL EXPENDITURES EXCESS REVENUES ~VER (UNDER) EXPENDITURES FUND BALANCE - JANUARY 1.a' 1988 FUND BALANCE - DECEMBER ~ 1988 $ 369,811 $ 369,811 $ 348,26~ 296,348 296,348 281,425 95,064 95,06~ 168,071 81,335 81,335 63,753 116,520 116,520. . 115,447 S ~59,078 0 S 959,078 S 976,960 16~,243 $ 16~,243 $ 101,763 551,875 S 551,875 $ 450,112 $ 716,118 $ 716,118 $ 551,875 NOTES TO FINANCIAL STATEMENTS ARE AN INTEGRAL PART OF THIS STATEMENT. - 20 - ~ 0 ,,-I el II el Il ~all w I · I · I o o c~ I -~ mo4~ ~o el II e. I · I e,I I cO I o I '. II w II eq mi ~ II · II eql II tq. II m~ ~s U 0 0 0 E~ I~ r~ E~ 0 i-I E~ o 0 0 -'t ~ ~0 ~ ~" ~0 o II oo oo Ol Ol TOWN OF SOUTHOLD FIDUCIARY B~NK RECONCILIATIONS DECEMBER 31; 1988 PAYROLL ACCOUNT Bank Balance 12/31/88 Add: DePosits in Transit Less: Outstanding Checks Ledger Balance Due from Agency and Trust $155,090.41 0 155,718.80 ($ 628.39) SUPERVISOR~S TAX ACCOUNT Bank Balance 12/31/88 Add: Deposits in Transit Less: Outstanding Checks Bank Error to be Reversed Ledger Balance $2,225,017.09 0 2,225,000.00 17.09 $ 0 FISHERS ISLAND DEVELOPMENT COMPANY Bank Balance 12/31/88 . $ 2,919.41 Add: Deposits in Transit 0 Bank Error to be Reversed 32.00 Less: Outstanding Checks 0 Ledger Balance $ 2,951.41 Notes to financial statements are an integral part of this statement. - 23 - O~ O0 0 TOUN OF SOUTHOLD SCHEDULE OF FEDERAL FZNANCiAL ASS]STANCE - FiNDiNGS & GUEST]ONED COSTS JANUARY 1 - DECENBER 31, 1988 TITLE NUTRiTiON 1116 COt~v~UN/TY DEVELOPflENT GENERAL REVENUE SHARING DISASTER ASS%STANCE AWARD AGENC~ DIRECT/INDIRECT Health & Human Services Housin~ & Urban Devel. Indirect Indirect Federal Emergency Henagement Age~- Indirect PASTS THROUGH GRANTOR Suffolk County ~ffice . for the Aging Suffolk County Office of Cora;ulity Peve[, Division of NYS Military end Navel Affairs FUNDING RECEIVED $74,8~5 $2~0,054 $ 0 $129,521 FEDERAL CATALOGUE # 13.633 14.218 21.300 83.516 GUESTIONED COSTS FIND%NGS OF NON-COMPL%AHCE $ 12 Note No~e (See page 29) None Premature Release None of Funds (See page 29) I 0 0 t~ 4~ · 0 OMO ~:m>~ ~} ~0~ ~ 0 ~O-~k r. JO '0 O~ -PM · E~On,