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Home My WebLink About1978TOt~!I DF SOUTHOLD 1978 AUDIT REPORT ELAINe F. K^lDOr, C.P.A., P.C. CERTIFIED PUBLIC ACCOUNTANT Theodore Heuser Associate February 8, 1979 3 BOTANY LANE STONY BROOK, N.Y. 11790 Town Board Town of Southold Town Hall Southold, New York 11971 Gentlemen: In accordance with your request, the books and financial records of the Town of Southold have been examined for the year ended December 31, 1978. The examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the account- ing records and other such procedures as was considered necessary in the circumstances. In my opinion, the accompanying financial statements present fairly the financial position of the Town of Southold and the results of its operations for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistant with that of the preceding year. Very truly yours, ELAINE F. KALDOR Certified Public Accountant EFK:lt NOTES TO FINANCIAL STATEMENTS Suggestions made in our 1977 audit report with regard to the tax collectors records and the distribution of retirement contributions have been impelemented. Checks outstanding over six months have been investigated and will either be re-issued or written off. The General Appraisal Company has made a review of town fi~ed assets. As soon as their report is received a control record will be set up by the supervisors staff which will be kept up to date with additions and deletions. It is recommended that the fire district account be transferred to the Trust and Agency ledger to conform with amended State Audit procedure. Debt service revenues and expenses will be removed from general town ledger and recorded in a separate set of accounts in 1979. Unrefundable bail money of $200 remaining in the Town Justice account will be forwarded to the State of New York. Insurance coverage has been recently reviewed by the town's carrieR-and the supervisor and is deemed to be adequate. A self insurance plan is being considered in cooperation with the county and other towns. Revenues received exceeded budgeted estimates by $123,019.12 due mainly to increased state aid. Expenditures were less than budgeted estimates by $31,674.07 which arose mainly in the general govern- ment support, culture and recreation, and employee benefit categories. TOWN OF SOUTHOLD INDEX Statement Summarizing Cash Transactions-All Funds, for the Year Ended December 31, 1978. · EXHIBIT A Statement of Cash Receipts, Expenses and Balances-General Funds, for the Year Ended December 31, 1978. _ B Statement of Cash Receipts, Expenses and Balances-Highway Funds, for the Year Ended December 31, 1978. Statement of Cash Receipts, Expenses and Balances-Special Districts, for the Year Ended December 31, 1978. D Statement of C~sh Receipts, Expenses and Balances-Nutrition Program Funds, for the Year Ended December 31, 1978. E Statement of Cash Receipts, Expenses and Balance-Senior Citizens Bus and Recreation Accounts for 1978. Statement of Cash Receipts, Expenses and Balances - Trust and Agency_Fund, for the Year Ended December 31, 1978. Statement of Indebtedness, for the Year Ended December 31, 1978. Statement of Federal Revenue Sharing Funds for the Year Ended December 31, 1978. Statement of Anti-Recession and Street Lighting Funds for The Year Ended December 31, 1978. SCHEDULE Schedule of General Fund Expegses - Town-Wide, for the Year Ended December 31, 1978. Schedule of General Fund Expenses - Part-Town, for the Year Ended December 31, 1978. 2 Schedule of Bank Reconciliations - Town Clerk's Office- As of Dates Indicated. Schedule of Bank Reconciliations - Justices of the Peace For the Year Ended December 31, 1978. MEMO ONLY Reconciliation of Fisher's Island Ferry District Bank ~_ Balances - Receipts and Disbursements. 5 EXHIBIT "A" TOWN OF SOUTHOLD SUMMARY OF CASH ACCOUNTS 1978 Balance 1/1/78 General-Town Wide ' $149,323 " "-Part Town , 125,409 Federal Revenue Sharing 42,203 Highway Department. 121,744 Special District 396 EDA-Town Hall Annex -O- Trust and Agency 33,787 Tax Accounts ~ -O- Nutrition Program 7,642 Nutrition-Special -O- Anti-Recession #4720 Fed 14,922 .... $4751 State 490 Beach Acquisition 252 Recei]2~ Disbursement~ Balance $ 975,969 $ 985,626 $ 139,666 1,121,918 1,226,595 20,732 125,973 103,430 64,746 781,021 823,304 79,461 32,840 33,165 71 422,528 420,682 1,846 1,771,760 1,766,693 38,854 1,162,763 324,393 838,370 68,37S 69,590 6,427 10,999 10,999 -0- 52,338 66,895 365 -0- 490 -0- -0- 252 -0- TOTAL $496.,168 From Schedule #5 Fishers Island Ferry Dist. TOTAL-Per State Report Schedule #5 State Report Includes $19;311.00 For Hurricane Belle claim due from New York State per Highway Department Supt. $6,526,484 $ 5,832,114 S1,190,538 75,776 $1,266,314 EXHIBIT "B" STATEMENT OF CASH RECEIPTS, EXPENDITURES AND BALANCES GENERAL FUND 1978 Balance Jan 1, 1978 Receipts Real Property Taxes Interest and Penalty on Taxes Town Clerk Fees Park and Recreation Fees Recreation Concession Interest on Deposits Bingo Licenses Dog Licenses Permits Fines and Forfeitures Sales of Material Sales of Real Property Airport Fees State Aid-Per Capita " "Mortgage " "R.R.~-~Tax Loss Dog Warden Navigation Aid Franchises Police Fees Building Department Fees Health Department Fees Use Police Radio-Others Refund Current Years Expenses Youth Projects Anti-Rec-Federal Title II CETA Miscellaneous Anti-Rec-N.Y.S. Title II Total Receipts Total Receipts and Balances Less Expense ~rom Schedule #1 Less Expense from Schedule #2 BALANCE Town Wide $ 149,323 612,219 9,696 1,680 8,505 50O 20,822 2,051 4,406 5,615 10,325 10,557 8,117 233 128,398 100,464 2,489 2,964 191 2,781 35,843 6,988 1,1 25 $ 975,969 $1,125,292 $ 991,776 $ 133,516 Part Town $ 125,409 9-44,950 23,284 63,197 513 8,574 794 43,416 1,215 11,076 466 23,942 490 $1,121,917 $1,247,326 $ 122,659 $ 20,731 EXHIBIT "C" TOWN OF SOUTHOLD STATEMENT OF CASH RECEIPTS, EXPENSES AND BALANCES HIGHWAY FUNDS FOR YEAR ENDED DECEMBER 31, 1978 REPAIRS AND _SNOW AND IMPROVEMENTS BRIDGES ~CHINERY MISC. ITEM #1 ITEM #2 ITEM #3 ITEM #4 $ 63,969 $ 20,945 BALANCE JANUARY 1, 1978 $2,518 $ 34,312 RECEIPTS Hurricane Belle -0- -0- 19,311 Real Property Taxis 500,694 -0- 136,100 82,692 Interest on Deposits 15,106 -0- 5,037 5,038 Town Wide Services 2,384 -0- 13,555 -O- State Aid Mileage 13,307 -0- -0- -O- Refunds -0- -0- -0- -O- Anti-Rec.-Title #II 1~176 -0- 243 5~690 TOTAL RECEIPTS $532,667 NONE $174,246 $ 93,420 TOTAL RECEIPTS AND BALANCE $596,636 $2;518 $208,558 $114,365 EXPENSES Employee Fringe Benefits $ 94,878 -0- $ 18,791 $ 14,498 Personal Services 252,044 -0- 54,351 51,291 Equipment -0o -0- 44,891 -O- Expenses-Contractual 180,697 -0- 70,027 41,837 TOTAL EXPENSES NONE $188,060 BALANCE DECEMBER 31, 1978 $2,518 $ 20,498 $ 6,739 $52-7,619 $ 69,017 $107,626 EXHIBIT "D" TOWN OF SOUTHOLD STATEMENT OF CASH RECEIPTS, EXPENSES AND BALANCES SPECIAL FUNDS - YEAR ENDED DECEMBER 31, 1978 BALANCE Jan. l, 1978 E-W Greenport Fire District $395 Goose Creek Be~ch Acquisition 252 EDA-Town Hall Annex -O- TOTALS $647 DEBT SERVICE Receipts Trans. From General Funds Disbursements Principal Interest TOTAL BALANCE BALANCE RECEIPTS EXPENSES Dec. 31, 1978 $ 32,841 $ 33,165 $ '71 -0- 252 -0- 197,983 196,137 1,846 $230,824 $229,554 $1,917 20689 19000 1689 20689 EXHIBIT "E" TOWN OF SOUTHOLD STATEMENT OF CASH RECEIPTS, EXPENSES AND BALANCE NUTRITION FUND - FOR YEAR ENDED DECEMBER 31, 1978 ~ NUTRITION FUND - REGULAR Opening Balance 1/1/78 REVENUES Suffolk County Interest Contributions Total Receipts $ 7,642 57,184 192 10,999 $ 68,375 DISBURSEMENTS Manager Rent · Food, Labor, Etc. Total Disbursements BALANCE 12/31/78 $ 11,646 8,400 49,544 69,590 $ 6,427 Opening Balance 1/1/78 Contributions - Trans to Regular Account BALANCE 12/31/78 NUTRITION FUND - SPECIAL 10,999 10,999 EXHIBIT "F'~ TOWN OF SOUTHOLD STATEMENT OF CASH RECEIPTS, EXPENSES AND BALANCE FOR YEAR ENDED DECEMBER 31, 1978 BALANCE 1/1/78 RECEIPTS Suffolk County DISBURSEMENTS Senior Citizens Van Insurance Two Way Radio TOTAL BALANCE 12/31/78 SENIOR CITIZENS BUS SERVICE -0- $ 8,628 7,431 286 911 $ 8~628 BALANCE 1/1/78 RECEIPTS Suffolk DISBURSEMENTS Sacco & Ahlers Robert A. Kart Newspaper Adv. TOTAL BALANCE 12/31/78 RECREATION CENTER -0- $ 5,956 5,600 295 61 $ 5~956 EXHIBIT "G" TOWN OF SOUTHOLD STATEMENT OF CASH RECEIPTS, DISBURSEMENTS.& BALANCES TRUST AND AGENCY FUND - YEAR ENDED DECEMBER 31, 1978 BALANCE Jan. l, 1978 Group Insurance $ -O- State Income Tax -O- Federal Income Ta~ -O- Social Security 33,739 Guarantee and Bid Dep. -O- U.S. Savings Bonds -O- Bingo Licenses-- -O- N.Y.S. Sales Tax 48 Town & County Tax -O- N.Y.S. Retirement -O- Payroll Account -O- Assoc. & Union Dues -O- Overpayments & Collections in Advance -O- Misc. Trust Funds -O- Probation Fees -O- Park Land Deposits -O- TOTALS $33,787 BALANCE 'RECEIPTS DISBURSEMENTS Dec. -~], 1978 $ 76,471 $ 76,471 $ -0- 70,573 70,573 -0- 216,901 216,901 '-0- 182,398 179,620 36,517 2,438 738 1,700 5,850 5,850 -0- 1,763 1,763 -0- 814 811 51 11,470,855 11,470,855 -0- 6,906 6,320 586 1,178,861 1,178,861 -0- 5,359 5,359 -0- 7,450 7,450 8,231 8,231 1,560 1,560 6,185 6,185 $13,242,615 $13,237,548 -0- $38,854 EXHIBIT "H" TOWN OF SOUTHOLD STATEMENT OF INDEBTEDNESS FOR YEAR ENDED DECEMBER 31, 1978 BOND ANTICIPATION NOTES Purchase & Installation of lights Construction - Police Building - 5/71 Goose Creek Beach TOTAL BOND ANTIC. NOTES OUTSTANDING JAN. l, 1978 ISSUED PAID OUTSTANDING DEC. 31, 1978 $40,000 $30,000 $40,000 $30,000 9,000 -0- 9',000 -0- $49,000 $30,000 $49,000 $30,000 TOTAL INDEBTEDNESS $49,000 $30,000 $49,000 $30,000 Note: Does not include Ferry District or Park District Debt. EXHIBIT "I" TOWN OF SOUTHOLD STATEMENT OF FEDERAL REVENUE SHARING FUNDS FOR YEAR ENDED DECEMBER 31, 1978 BALANCE JANUARY 1,.1978 RECEIPTS Federal Revenue Sharing Interest Earned Refunds Prior Year Expense Total Receipts TOTAL RECEIPTS AND BALANCE DISBURSEMENTS Police - Equipment Town Hall - Capital Outlay Recreation Libraries Land Acquisition Etc. TOTAL DISBURSEMENTS BALANCE DEC. 31, 1978 $ 42,203 121,296 4,027 65O 1~,973' $168,176 35,000 34,195 13,500 lO,O00 20,249 $112,944 $ 55,232 EXHIBIT "J" TOWN OF SOUTHOLD STATEMENT OF MISCELLANEOUS FUNDS FOR THE YEAR ENDED DECEMBER 31, 1~8 ANTI-RECESSION FUND - N.Y.S #4751 BALANCE 1/1/78 DISBURSEMENTS Police Salaries BALANCE ANTI-RECESSION FUNDS - FED. #4720 BALANCE 1/1/~8 RECEIPTS Federal Funds Interest TOTAL DISBURSEMENTS Police ~ Personal Services Highway - N.Y.S. Retirement Buildings Workmans Compensation Airport Data Processing Disposal Area TOTAL BALANCE 12/31/78 $ $ 490 490 =0- $14,922 $50,67~ $ 1,665 $67,260 $23,943 $ 5,379. $11,900 $ 3,583 $]],440 $ 4,650 $ 6,000 $66,895 $ 365 TOWN OF SOUTHOLD SCHEDULE OF GENERAE FUND EXPENSES TOWN-WIDE YEAR ENDED DECEMBER 31, 1978 GENERAL GOVERNMENT SUPPORT LEGISLATIVE Town Board - Salaries - Expenses JUDICIAL Justices -~Salaries - Expenses EXECUTIVE Supervisor - Salaries - Expenses - Equipment FINANCE Auditor - Contractual Expense Tax Collection - Personal Salaries - Expenses Assessment - Personal Salaries - Expenses - Equipment STAFF Town Clerk - Personal Salaries - Expenses - Equipment Law - Personal Salaries - Expenses Engineer - Contractual Expense Public Works Admin. - Personal Salaries 1978 $25,500 4,036 $45,189 5,724 $55,024 4,419 1,073 6~-~'0-, 516 $ 1,898 $ 1,898 $18,893 8,546 $76,284 4,394 1,000 $25,896 3,381 993 3~-~, 270 $18,000 16,564 ~564 $ 4,821 $ 4,821 $ 3,000 $ 3,000 SCHEDULE #1 Page 1 of 5 1977 $16,000 4,366 2~-~-~, 36 ~ $45,780 7,798 55-~-~,578 $48,583 6,872 $55,455 $ 1,660 $ 1,660 $17,143 12,873 $30,016 $64,823 5,259 7!F701, o82 $21,895 4,106 -o- $16,500 20,737 $. 4,630 $ 4,630 $ 37000 $ 3,000 SCHEDULE #1 Paqe 2 of 5 TOWN OF $OUTHOLD SCHEDULE OF GENERAL FUND EXPENSES TOWN-WIDE YEAR ENDED DECEMBER 31, 1978 SHARED SERVICES Buildings --Personal salaries - Expenses Central Data Processing - Expenses SPECIAL ITEMS Unallocated Insurance Municipal Assoc. Dues Claims TOTAL GOVERNMENT SUPPORT PUBLIC SAFETY TRAFFIC Traffic Control - Contractual SAFETY FROM ANIMALS Control of Animals - Personal - Expenses OTHER PROTECTION Examining Board Attendance Officer Civil Defense - Expenses Salaries 1978 1977 $ 10,981 $ 10,793 61~060 48,896 $ 72,041 $ 59,689 $ 16,466 $ 11,653 $ 16,466 ~ $ 34,548 $ 53,042 400 400 64 -0- $ 35,012 $ 53,442 $448,154 $426,809 $ 1~491 $ 2,569 $ 1,491 $ 2,569 16,679 $ 14,875 6,968 .6,819 23,647 $ 21,694 555 $ 1,569 1,200 1,200 -0- 897 1,755 ~- 3,666 TOTAL PUBLIC SAFETY $ 26,893 $ 27~929 SCHEDULE #1 Page 3 of 5 TOWN OF SOUTHOLD SCHEDULE OF GENERAL FUND EXPENSES TOWN-WIDE YEAR ENDED DECEMBER 31, 1978 TRANSPORTATION Supt. of Highways - Salaries Street Lighting ? Contractual Airport Side Walks Off-Street Parking - Salaries - Expenses 1978 $ 53,714 77,711 12,929 5,500 1977 -0- $84,898 20 5,962 1,685 95-~-,565 TOTAL TRANSPORTATION ECONOMIC ASSISTANCE AND OPPORTUNITY $151~489 $92,565 $-0- $ 3,000 $ 3,000 $ 1,200 $ 1,200 $ 4,200 SOCIAL SERVICES Program for Aging $ $ 506 506 ECONOMIC DEVELOPMENT Publicity 1,712 1,712 OTHER Veterans Service CETA - Title II - Salaries $ 8OO 5~854 $ 6,654 TOTAL ECONOMIC ASSISTANCE AND OPPORTUNITY $ 8~872 TOWN OF SOUTHOLD SCHEDULE OF GENEP. AL FUND EXPENSES TOWN-WIDE YEAR ENDED DECEMBER 31, 1978 CULTURE - RECREATION Recreation - Contractual Parks - Personal Salaries - Contractual Equipment Playgrounds 1978 $ 11,450 6,000 3,996 320 -0= $ 21,766 Beach and Pool - Personal Salaries - Expenses - Equipment $ 28,000 9,755 2~000 $ 39,755 Youth Programs - Expenses $ 5,266 $ 5,266 $ 35,000 $ 35,000 $ 2,000 5,468 $ 7,468 $ 5oo $ 500 $ 1,ooo $ 1,ooo $ 4,661 $ ~,661 $115~416 $ 63,642 25,860. $ 89,502 CULTURE Libraries Historian - Personal Services - Expenses Celebrations - Expenses Museum ADULT ACTIVITIES Program for Aging Adult Recreation - Expenses TOTAL RECREATION - CULTURE HOMES AND COMMUNITY SERVICES SANITATION Refuse and Garbage - Personal Services - Expenses COY~UNITY ENVIRONMENT Beautification Shellfish Drainage Inland Water Ways Lilco - Hearings -0- $ 1,5oo 279 860 $ 2,639 SCHEDULE #1 Page 4 of 5 1977 $ 11,450 6,000 4,273 240 $ 21,963 $ 26,009 8,539 2,000 $ 36,548 $ 5,703 $ 5,703 $ 35,000 $ 35,000 $ 2,000 5,463 $ 7,463 $ 5o0 $' 500 $ 5oo $ 5oo $. 475 4,885 $ 5,360 $113~037 $ 52,811 43,378 $ 96,189 $ 860 4,179 1,050 8,739 $ 14,828 SCHEDULE #1 Page 5 of 5 TOWN OF SOUTHOLD SCHEDULE OF GENERAL FUND EXPENSES TOWN-WIDE YEAR ENDED DECEMBER 31, 1978 ].978 NATURAL RESOURCES Conservation - Personal Services $ 10,228 - Exp~nses 252 SPECIAL SERVICES Cemeteries TOTAL HOME & COMMUNITY SERVICES UNDISTRIBUTED 1977 $ 8,800 86O $ 10,480 $ 9,660 $ 6 $ 6 $ 6 $ 6 $102,627 $120,683 EMPLOYEE BENEFITS State Retirement $ 53,320 Social Security 26,928 Workman's Compensation 8,384 Hospitalization & Disability Insurance 29,004 TOTAL EMPLOYEE BENEFITS MISCELLANEOUS Transfer to Debt Service Refund of Revenues Research - Farms Misc. TOTAL TOWN-WIDE EXPENSES $117,636 $ 20,689 $ 20,689 $991 ~776 $ 48,757 24,717 5,526 24,539 $103,5~9 -0- $ 1,516 5,000 73 $ 6,589 $895,351 SCHEDULE #2 Page 1 of 2- TOWN OF SOUTHOLD SCHEDULE OF GENERAL FUND EXPENSES PART-TOWN YEAR ENDED DECEMBER 31, 1978 GENERAL GOVERNMENT SUPPORT SPECIAL ITEMS Unallocated Government Support PUBLIC SAFETY Law Enforcement Police - Personal Services - Expenses. Bay Constable - Personal Services - Expenses - Equipment Other Protection Safety Protection - Personal Services ~ Expenses TOTAL PUBLIC SAFETY HEALTH Registrar of Vital Statistics - Personal Salaries HOME AND COMMUNITY SERVICES General Environment Zoning - Personal Services - Expenses Planning - Personal Services - Expenses TOTAL HOME & COMMUNITY SERVICES 1978 I26,758 26,758 $696,347 96,024 $ 13,868 9,518 3OO $ 23,686 $ 36,977 3,087 $ 40,064 $856,121 $ 3,000 $ 3,oo0 $ 18,680 3,594 $ 22,274 $ 24,987 6~240 $ 31,227 $ 53,501 1977 $ 45~041 $ 45,041 $632,771 89,497 72~,268 $ 13,186 9,521 1,106 $ 23,813 $ 44,794 4,359 $ ~9,]53 $795,234 $ 3,000 $ 3,ooo 17,085 3~476 20,561 $ 22,850 5,075 $ 27,925 $ 48,486 SCHEDULE #2 Page 2 of 2 TOWN OF SOUTHOLD SCHEDULE OF GENERAL FUND EXPENSES PART-TOWN YEAR ENDED DECEMBER 31, 1978 UNDISTRIBUTED EMPLOYEE BENEFITS Life Insurance State Retirement Social Security Workmans Compensation Hospital Insurance TOTAL EMPLOYEE BENEFITS 1978 1977 $ 1,400 $ 1,400 203,676 193,813 42,136 44,053 10,896 11,976 29~107 25~940 $287~215 $277,182 TOTAL PART-TOWN EXPENSES $1,226,595 $1,168,943 SCHEDULE #3 TOWN OF SOUTHOLD TOWN CLERKS OFFICE - BANK RECONCILIATIONS AS OF DATES INDICATED TOWN CLERK - J.T. Terry North Fork Bank & Trust Co. Southold, New York Bank Balance 12/31/78 Deposit in Transit Outstanding Checks Ledger Balance-Error in Deposit TOWN TRUSTEE - M. Brush Chemical Bank Southold, New Yor~ Bank Balance Outstanding Checks $ 7,437.88 - 755.03 $ 8,192.91 8,192.51 $ .40 $ 112.00 $ ll2.00 ll2.00 $ -0- BUILDING INSPECTOR - G. Chemical Bank Southold, New-York TAX COLLECTOR - G. Mellas Chemical Bank Southold, New York Fisher Bank Balance 12/31/78 Deposit in Transit Outstanding Checks Ledger Balance Tax Year 1977/78 Taxes - Per Warrant Adjustments Total' Paid to - Town Supervisor " "- County Transferred to County Tax Year 1978/79 Bank Balance 12/31/78 Outstanding Check Taxes 78/79 Bank Error in Deposit Taxes Returned by County 77/78 $ 1,382.83 607.60 $ 1,990.43 1,990.43 $ -0- $13,213,616.56 2,923.80 $13,216:540.36 $11,470,855.05 1,347,230.79 398,454.62 $13,216,540.36 $ 1,795,116.79 1,200,000.00 $ 595,116.79 $ 595,116.24 .45 .10 $ 595,116.79 SCHEDULE #4~ TOWN OF SOUTHOLD JUSTICES OF THE PEACE BANK RECONCILIATIONS AS OF DECEMBER 31, 1978 JUSTICE MARTIN SUTER North Fork Bank & Trust Co. Mattituck, New York Balance 12/31/78 Outstanding Checks Justice's Ledger - Bail Money - Fines and Fees due State TOTAL JUSTICE FRANCIS DOYAN North Fork Bank & Trust Co. Mattituck, New York Balance 12/31/78 Justice's Ledger TOTAL $4,055.00 50.00 $4,005.00 $2,875.00 1,130.O0 $4,OO5.0O $ -0- $ -0- JUSTICE JAMES H. RICH, JR. Valley Bank of New York Greenport, New York Bail Monies left by Justice Demarest at 12/31/77 Bank Balance 12/31/78 Deposit in Transit Outstanding Checks Justice's Ledger - Bail money $ 200.00 472.00 55.00 $ 727.00 517.00 $ 210.00 $ 210.00 SCHEDULE #5 MEMO ONLY FISHERS ISLAND FERRY DISTRICT BANK RECONCILIATION AND CASH POSITION AS OF DECEMBER 31,.1978 Valley National Bank Greenport New York Bank Balance 12/31/78 Deposits in Transit Less - Outstanding Checks Savings Account $ 31,476 52 $ 31,528 24,286 $ 7,242 56,305 $ 63,547 TRUST AND AGENCY ACCOUNT North Fork Bank & Trust Co. Greenport, New York Bank Balance 12/31/78 Less Outstanding Checks $ 4,775 3,500 $ 1,275 Fishers Island Trust And Agency RECONCILIATION Balance .. Balance 1/1/78 ~ Disbursements 12/31/78 $119,705 $535,826 $591,984 65-~-~,549 $ 5,125 $ 56,733 $ 60,583 $ 1,275 CAPITAL ACCOUNT BALANCE 1/q/78 Interest received Disbursements BALANCE 12/31/78 $243,028 3,526 235,600 $ 10,954