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HomeMy WebLinkAbout1977 ELAINE f. KaLDOFt, EJ.P.A., P.{~. Ci:I~TIFIED PUBLIC ACCOUNTANT Theodore Heuser Associate February 20, 1978 Town Board Town of Southold Town Hall Greenport New York 11944 Gentlemen: We have examined the Financial Statements of the Town of Southold, Suffolk County, New York as of December 31, 1977, which are listed on the ac- companying index, for calendar year 1977. The accounting records are maintained according to the New York State Uniform Chart of Accounts for Towns - Single Entry, established by the State Comptroller. Our examination included such tests of the accounting records and other such auditing procedures as we considered necessary, to verify the recorded cash receipts and cash disbursements. In our opinion, the accompanying Financial Statements present fairly the recorded cash transactions of the Town of Southold, Suffolk County, New York for the year ended December 31, 1977. Very truly yours, ELAINE F. KALDOR Certified Public Accountant tc TOWN OF SOUTHOLD INDEX Statement Summarizing Cash Transactions-All Funds, for the Year Ended December 31, 1977 Statement of Cash Receipts, Expenses and Balances-General Funds, for the Year Ended December 31, 1977 Statement of Cash Receipts, Expenses and Balances-Highway Funds, for the Year Ended December 31, 1977 Statement of Cash Receipts, Expenses and Balances-Special Districts, for the Year Ended December 31, 1977 Statement of Cash Receipts, Expenses and Balances-Nutrition Program Funds, for the Year Ended December 31, 1977 Statement of Cash Receipts, Expenses and Balance-Reserve Funds for the Year Ended December 31, 1977 Statement of Cash Receipts, Expenses and Balances - Trust and Agency Fund, for the Year Ended December 31, 1977 Statement of Indebtedness, for the Year Ended December 31, 1977 Statement of Federal Revenue Sharing Funds for the Year Ended December 31, 1977 Statement of Anti-Recession and Street Lighting Funds for the Year Ended December 31, 1977 Schedule of General Fund Expenses - Town-Wide, for the Year Ended December 31, 1977 Schedule of General Fund Expenses - Part-Town, for the Year Ended December 31, 1977 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, 1977 MEMO ONLY Reconciliation of Fisher's Island Ferry District Bank Balances - Receipts and Disbursements EXHIBIT A B .C D E F G H I J SCHEDULE 1 2 3 4 COMMENTS The Town of Southold by Board resolution has elected to follow the benefit reimbursement method for financing mandatory unemployment insurance. It is suggested that the Town Trustees ledger be provided with a column to record receipt numbers for better control of cash receipts. State retirement contributions have been distributed to the various funds on the basis of each years March 31st payroll. This results in an inequitable distribution of Highway Dept. unit costs since Snow Item #4 has passed peak payroll expense at that time. In the future the calendar years payroll should be used for distribution of this expense. Town Wide increase of $33,066 in unallocated insurance is due to unanticipated increased rate in premiums. The Town Board is reviewing its insurance coverage to determine adjustments in coverage. The tax collectors records should be kept in a more meticulous manner. While all receipts and disbursements have been accounted for the following recommendations should be followed: a) The yearly receipt ledger should be totalled and balanced to conform with tax collectors yearly report. b) The check book should record all activities and show daily balances. c) A special audit of the tax collectors records for 1976 - 1977 was required in December to locate variance between uncollected taxes reported to the county and claim by taxpayer who reported taxes had been paid. The variance was caused by the tax office over paying Town Supervisor $1,374.00 in tax penalties and interest. Correcting entries have been made. Such situations can be controlled in the future by checking the fines and penalties column in the receipts ledger prior to issueing checks. -1- EXHIBIT "A" TOWN OF SOLrlHOLD SU~Y OF ALL CASH FUNDS 1977 Balance 1/1/77 General-Town Wide $ 169,480 " "-Part Town 116,094 Federal Revenue Sharing 127,297 Highway Department 144,788 Special Districts 780 Reserve Fund 2,000 Trust and Agency 16,722 Tax Accounts - 0- Nutrition Program 1,900 Nutrition Special -0- Street Lighting 3,547 Anti-Recession #4720 Fed 22,995 " "#4751 State -0- Beach Acquisition -0- Terry Waters -0- Total $605,603 Receipts $ 896,134 1,178,258 138,309 809,081 29,456 11,505,390 10,974,521 68,917 10,432 91,659 13,490 9,000 2,179 $25,726,826 Disbursements Balance 12/31/77 916,291 $ 149,323 1,168,943 125,409 223,403 42,203 832,125 121,744 29,840 396 2,000 -0- 11,488,325 33,787 10,974,521 -0- 63,175 7,642 10,432 3,547 ~0- 99,732 14,922 13,000 490 8,748 252 2,179 ~0- $25,836,261 $496,168 -2- EXHIBIT "B" STATEMENT OF CASH RECEIPTS, EXPENDITURES AND BALANCES GENERAL FUND - 1977 Balance Jan. 1, 1977 Receipts Real Property Taxes Interest and Penalty on Taxes Tom Clerk Fees Park and Recreation Fees Recreation Concession Interest On Deposits Bingo Licenses Dog Licenses Permits Fines and Forfeitures Sales of Materials Airport Fees State Aid-Per Capita " "Mortgage " " R.R. Tax loss " " Environment Refund-Advances to Other Funds Hospital Insurance Refund Franchises Social Security Tax Refund Police Fees Building Dept. Fees Health Dept. Fees Insurance Refund Use of Police Radio-Others Refund of Current Years Expenses Federal Aid- Hurricane Belle Federal Revenue Sharing Anti-Rec-Federal Title II Inter-Fund Revenues Miscellaneous Anti-Rec-N.Y.S. Title II Total Receipts Total Receipts & Balances Less Expense from Schedule #1 Less Expense from Schedule #2 BALadNCE Town Wide $ 169,480 547,661 10,700 3,640 9,070 500 20,957 2,472 4,178 4,451 9,252 4,452 223 115,331 88,278 2,489 3,000 4,610 9,473 238 672 1,152 3,298 32,000 15,319 2,000 718 $ 896,134 $1,065,614 $ 916,291 $ 149,323 Part Town $ 116,094 971,850 20,957 345 57,636 8,714 237 1,282 46,905 1,583 3,504 10,000 1,226 40,995 24 13,000 $1,178,258 $1,294,352 $1,168,943 125,409 -3- EXHIBIT "C" TOWN OF SOUTHOLD STATI~NT OF CASH RECEIPTS, EXPENSES AND BALANCES HIGHWAY FUNDS FOR YEAR ENDED DECE~ER 31, 1977 BALANCE JANUARY 1, 1977 REPAIRS AND IMPROVEMENTS BRIDGES ITEM #1 ITEM #2 $ 59~785 $2~518 ITEM #3 $ 39,699 SNOW AND MISC. ITEM #4 $ 42,786 RECEIPTS Hurricane Belle Real Property Taxes Interest on Deposits Town Wide Services State Aid Mileage Refunds Anti-Rec.-Title #II TOTAL RECEIPTS TOTAL RECEIPTS AND BALANCE EXPENSES $ 14,701 422,221 $148,300 12,726 4,242 1,256 13,294 13,280 75 25 41~418 1,000 $505~677 NONE $166,861 $565,462 $2,518 $206,560 Employee Fring Benefits $104,129 Personal Services 246,716 Equipment -0- Expenses-Contractual 150,648 TOTAL EXPENSES $501,493 $131,300 4,242 1,000 $136,542 $179,328 $ 18,924 $ 18,745 52,531 96,671 36,497 64,296 42,967 NONE $172,248 $188,383 B;J~INCE DECEMBER 31, 1977 $ 63,969 $2,518 $ 34,312 $ 20,945 -4- EXHIBIT "D" TOWN OF SOUTHOLD STATE~NT OF CASH RECEIPTS, EXPENSES AND BALANCES SPECIAL DISTRICT FUNDS - YEAR ENDED DECEMBER 31, 1977 E-W Greenport Fire District Goose Creek Beach Acquistion Terry Waters Road Improvement BALANCE Jan. 1, 1977 RECEIPTS EXPENSES $780 $29,455 $29,840 -0- 9,000 8,748 -0- 2~179 2,179 BALANCE Dec. 31, 1977 252 TOTALS $780 $40.,.634 $40,767 $647 EXHIBIT "E" TOWN OF SOUTHOLD STATEMENT OF CASH RECEIPTS, EXPENSES AND BALANCE NUTRITION FUND - FOR YEAR ENDED DECEMBER 31, 1977 NUTRITION FUND - REGULAR Opening Balance 1/1/77 REVENUES Suffolk County Interest Contributions Total Receipts $ 1,900 58,191 294 10,432 $68,917 DISBURSEMENTS Manager Dietitian Food, Labor, Etc. Total Disbursements BALANCE 12/31/77 $11,092 1,560 50,523 $63,175 $ 7,642 NUTRITION FUND - SPECIAL Opening Balance 1/1/77 $ -0- Contributions 10,432 Tran~ to Regular Account 10,432 BALANCE lZ/31/77 $ -6- TOWN OF SOUTHOLD STATEMENT OF CASH RECEIPTS, EXPENSES AND BALANCE RESERVE FUND - FOR YEAR ENDED DECEMBER 31, 1977 BALANCE JANUARY 1, 1977 RECEIPTS TOTAL CASH AVAILABLE TRANSFER TO GENERAL FUND BALANCE DECEMBER 31, 1977 MAPPING TOTAL $2,000 $2,000 -0- -0- $2,000 $2,000 2,000 2,000 $ -o- $ -o- -7- TOWN OF SOUTHOLD STATEMENT OF CASH RECEIPTS, DISBURSEMENTS & .BALANCES TRUST AND AGENCY FUND - YEAR ENDED DECEMBER 31, 1977 EXHIBIT "G" BALANCE Jan. 1, 1977 Group Insurance $-0- $ 71,818 State Income Tax -0- 62,890 Federal Income Tax -0- 197,420 Social Security 15,490 180,183 Guarantee and Bid Dep. 1,188 500 Park Dist. Bonds -0- 4,790 Bingo Licenses -0- 2,370 N.Y.S. Sales Tax 44 362 Town & County Tax -0- 10,974,521 N.Y.S. Retirement -0- 6,571 Confiscated Money -0- -0- Assoc. & Union Dues -0- 3,965 RECEIPTS TOTALS $16,722 $11,505,390 BALANCE DISBURSEMENTS- DEC. 31, 1977 $ 71,818 $ -o- 62,890 -0- 197,420 ~0- 161,934 33,739 1,688 -0- 4,790 -0- 2,370 -0- 358 48 10,974,521 -0- 6,571 -0- -0- -0- 3,965 -0- $11,488,325 $33,787 -8- EXHIBIT "H" TOWN OF SOUTHOLD STATEMENT OF INDEBTEDNESS FOR YEARENDED DECEMBER 31, 1977 OUTSTANDING OUTSTANDING JAN. 1, 1977 ISSUED PAID Dec. 31, 1977 BOND ANTICIPATION NOTES Purchase & Installation of lights Construction - Police Building ~ 5/71 Goose Creek Beach TOTAL BOND ANTIC. NOTES $50,000 $ -0- $10,000 $40,000 -0- 9,000 -0~ 9,000 $50,000 $9,000 $10,000 $49,000 BONDS Machinery Serial Bonds 1/72 Road Imp. Terry Waters Serial Bond 6/72 TOTAL SERIAL BONDS $6,960 $ -0- $6,960 $-0- 2,100 -0- 2,100 -0- $9,060 $ -0- $9,060 $-0- TOTAL INDEBTEDNESS $59~060 $9,000 $19,060 $49,000 Note: Does not include Ferry District or Park District Debt. ~9- EXHIBIT "I" TOWN OF SOUTHOLD STATEMENT OF FEDERAL REVENUE SHARING FUNDS FOR YEAR ENDED DECEMBER 31, 1977 BALANCE JANUARY 1, 1977 RECEIPTS Federal Revenue Sharing Interest Earned Refunds Total Receipts TOTAL RECEIPTS AND BALANCE DISBURSEMENTS Police- Personal Equipment Employee Benefits Town Hall - Capital Outlay Libraries Transfer to General Fund TOTAL DISBURSEMENTS $127,297 $135,087 3,212 10 ~-f~,309 $265,606 $ 18,589 30,000 137,814 5,000 32,000 $223,403 $ 42,203 BALANCE DEC. 31, 1977 -10- EXHIBIT J TOWN OF SOUTHOLD STATEMENT OF MISCELLANEOUS FUNDS FOR THE YEAR ENDED DECEMBER 31, 1977 SOUTHOLD STREET LIGHTING BALANCE 12/31/76 DISBURSEMENTS b~terials BALANCE ANTI-RECESSION FUND - N.Y.S #4751 RECEIPTS N.Y. State Interest DISBURSEMENTS Police Salaries BALANCE ANTI-RECESSION FUNDS - FED. #4720 BALANCE RECEIPTS Federal Funds Interest TOTAL DISBURSEMENTS Police -Personal Services Highway -N.Y.S. Retirement Highway -Personal Services Assessors-Personal Services Tax Receiver" " " Town Clerk " " " Disposal Area" " " Environmental" " " Social Security-Whole Town Safety -Personal Services Social Security -Part town Social Security -Highway 'rOTAL BALANCE 12/31/77 $ 3,546 3,546 $ -0- $13,410 80 1-$'~'J',490 $13,000 $ 490 $22,995 $89,788 1,871 $91,659 $26,995 19,418 20,000 2,819 2,000 1,000 3,000 5OO 6,000 3,500 10,500 4,000 $99,732 $14,922 -11- TOWN OF SOUTHOLD SCHEDULE OF GENERAL FUND EXPENSES TOWN-WIDE YEAR ENDED DECEMBER 31, 1977 GENERAL GOVERNMENT SUPPORT LEGISLATIVE Town Board -Salaries -Expenses 1976 $16,000 3,102 1~-~,102 1977 $16,000 4,366 2~0-,366 SCHEDULE #1 Page 1 of 5 jUD%¢IAL ~J-~s-Salaries -Expenses $46,686 5,043 '$'"~-,729 $45,780 7,798 $53,578 EXECUTIVE 8uperwsor -Salaries -Expenses -Equipment $51,594 5,882 355 $48,583 6,872 -0- 5'$-'~',455 FINANCE - Au~ -Contractual Expense Tax Collection -Personal Salaries -Expenses Assessment -Personal Salaries -Expenses $ 1,400 $ 1,400 $16,517 11,002 $61,173 3,155 6F -,328 $ 1~660 $ 1,660 $17,143 12,873 -,o16 $64,823 5,259 7I ,082 STAFF Town Clerk -Personal Salaries -Expenses $19,500 3,769 $21,895 4,106 ~,001 Law -Personal Salaries -Expenses $14,500 10,755 2~,259 $16,500 20,737 ~-,237 Engineer -Contractual Expense Public Works Admin. -Personal Salaries -12- $ 1,385 $ 1,385 $ 2,396 $ 2,396 4,630 4,630 $ 3,000 $ 3,000 SCHEDULE #1 Page 2 of 5 TOWN OF SOUTHOLD SCHEDULE OF GENERAL FUND EXPENSES TOWN-WIDE YEAR ENDED DECEMBER 31, 1977 SHARED SERVICES Buildings -Personal Salaries -Expenses Central Data Processing -Expenses SPECIAL ITEMS Unallocated Insurance Municipal Assoc. Dues Judgements & Claims Consultation Nutritional Program TOTAL GOVEP~NMENT SUPPORT 1976 $10,053 34,510 4~,563 $ 9,249 $ 9,249 $19,976 4OO 10,000 2,972 6,500 ~,848 $367,878 $ 450 2,209 $ 2,659 $10,700 5,792 ~6,492 1977 $ 10,793 48,896 $ 59,689 $ 11,653 $ 11,653 $ 53,042 4OO $ 53,442 $426,809 $ -0- 2,569 $ 2,569 $ 14,87S 6,819 $ 21,694 PUBLIC SAFETY TRAFFIC T~Control -Equipment -Expenses SAFETY FROM ANIMALS Control o£Animals -Personal Salaries -Expenses OTHER PROTECTION Civil Defense -Expenses Examining Board Attendance Officer Fire Permits $ 318 626 1,200 334 $ 2,478 $ 897 1,569 1,200 $ 3,666 TOTAL P[~LIC SAFETY $21,629 $ 27,929 -13- SCHEDULE #1 ,Page 3 o£ 5 TOWN OF SOUTHOLD SCHEDULE OF GENERAL FUND EXPENSES TOWN-WIDE YEAR ENDED DECEMBER 31, 1977 TRANSPORATION Street Lighting Side Walks Off-Street Parking -Salaries -Expenses 1976 $69,518 1,186 3,495 200 ~, 399 1977 $84,898 2O _5,962 1,685 9'~-0~,$65 TOTAL TRANSPORATION $74,399 $ 232 $92,565 $ -o- ECONOMIC ASSISTANCE AND OPPORTUNITY SOCIAL SERVICES Home Relief -Expenses ECONOMIC DEVELOPMENT Publicity OTHER Veterans Service $ 3~000 $ 1,ooo $ 3~000 $ 1,200 TOTAL ECONOMIC ASSISTANCE AND OPPORTUNITY $ 4,232 $ 4,200 -14- SCHEDULE #1 .Pa~e 4 of 5 TOWN OF SOUTHOLD SCHEDULE OF GENERAL FUND EXPENSES TOWN-WIDE YEAR ENDED DECEMBER 31, 1977 CULTURE - RECREATION Recreation - Contractual Parks - Personal Salaries - Contractual Playgrounds 1976 $ 11,450 3,588 3,574 2,589 T;201 1977 $ 11,450 6,000 4,273 - 240 $ 21,963 Beach and Pool-Personal Salaries -Expenses -Equipment Youth Programs - Expenses CULTURE ~es Historian - Personal Services - Expenses Celebrations - Expenses Museum ADULT ACTIVITIES Program for Aging Adult Recreation - Expenses TOTAL RECREATION - CULTURE HOMES AND CO~NITY SERVICES SANITATION Refuse and Garbage -Personal Services -Expenses COMMUNITY ENVIRONmeNT Beautification Shellfish Drainage Shade Trees Miscellaneous Lilco - Hearings $ 32,169 24,419 $ 56,588 $ 4,047 $ 35,000 $ 1,800 5,844 $ 7,644 .$. 6,730 $ 1.ooo $ 676 4,922 $ 5,598 $137~808 $ 46,972 16,669 ~F~-J,641 $ 52 2,944 6O 6OO 3,593 $ 7,249 $ 26,009 8,539 2,000 $ 36,548 $ 5,703 $ 35,000 $ 2,000 5,463 $ 7,463 $ 500 $ 5oo $ 475 4,885 $ 8,36o $113~037 $ 52,811 43,378 $ 96,189 $ 860 4,179 1,050 8,739 -15- SCHEDULE #1 Page 5 of 5 TOWN OF SOUTHOLD SCHEDULE OF GENEt~ FUND EXPENSES TOWN-WIDE YEAR ENDED DECEMBER31. 1977 NATURAL RESOURCES Conservation - Personal Services - Expenses SPECIAL SERVICES Cemeteries TOTAL HOb{E & CO~VUNITY SERVICES UNDISTRIBUTED EMPLOYEE BENEFITS State Retirement Social Security Workman's Compensation Hospitalization & Disability Insurance TOTAL EMPLOYE~ BENEFITS DEBT SERVICE PRINCIPAL Statuatory Bonds Interest Bonds Bond Anticipation Notes Interest on Bond Anticiation Notes TOTAL DEBT SERVICE MISCELLANEOUS Refund of Revenues Research - Farms Misc. TOTAL TOWN-WIDE EXPENSES 1976 8,599 2,061 10,660 39 81,589 $ 43,491 19,132 3,774 20,598 $ 86,995 $ 6,960 459 34,700 1,976 $ 44,095 $818,625 1977 8,800 86O 9,660 $ 6 $120,683 $ 48,757 24,717 5,526 24,539 $103,539 $ 6,960 23O 10,000 3,750 $ 20,940 $ 1,516 5,000 73 $ 6,589 $916,291 -16- SCHEDULE #2 Page 1 of 2 TOWN OF SOUTHOLD SCHEDULE OF GENERAL FUND EXPENSES PART-TOWN YEAR ENDED DECEMBER 31, 1977 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 Registrar of Vital Statistics - Personal Salaries Expenses HOME AND COb~MUNITY SERVICES General Environment Zoning - Personal Services - Expenses Planning - Personal Services - Expenses TOTAL HOME & CO~,~IUNITY SERVICES 1976 $ 13,966 $557,516 80,933 ,449 $ 12,247 9,646 1,555 $ 23,448 $ 39,763 4,062 $ 43,825 $.705,722 $ 2,500 39 $ 2,539 $ 17,748 2,649 $ 20,397 $ 21,268 3,855 $ 25,123 $ 45,520 1977 $ 45,041 $632,771 89,497 ~"~'~'~',268 $ 13,186 9,521 1,106 $ 44,794 4,359 $ 49,153 $795,234 $ 3,000 $ 3,000 $ 17,085 3,476 $ 20,561 $ 22,850 5,075 ~7,925 $ 48,486 -17- TOWN OF SOUTHOLD SCHEDULE OF GENERAL FUND EXPENSES PART-TOWN YEAR ENDED DECEMBER 31, 1977 SCHEDULE #2 Page 2 of 2 UNDISTRIBUTED EMPLOYEE BENEFITS Life Insurance State Retirement Social Security Workmans Compensation Hospital Insurance TOTAL EMPLOYEE BENEFITS TOTAL PART-TOWN EXPENSES 1976 1,308 170,997 33,899 6,632 24,363 237,199 $1,004,946 1977 1,400 193,813 44,053 11,976 25,940 $ 277,182 $1,168,943 -18- 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 12/31/77 Deposit in Transit Outstanding Checks Ledger Balance-Bid Deposits TOWN TRUSTEE-H. BRUSH Chemical Bank Southold, New York Bank Balance Outstanding Checks Ledger Balance BUILDING INSPECTOR-H. TERRY Chemical Bank Southold, New York Bank Balance 12/31/77 Deposit in Transit Outstanding Checks Ledger Balance TAX COLLECTOR-G. ~LLAS Chemical Bank Southold, New York Bank Balance 12/31/77 Deposit 11/1/77 Check #368 Ledger Taxes - Per Warrant Adjustments Total Paid to - Town Supervisor - County Transferred to County Retu~med by County-Due Grabie, Inc. 1977-78 Tax Year Bank Balance 12/31/77 Deposit in Transit Ledger Balance $ 2,671.45 464.66 $ 3,136.11 2,911.11 $ 225.00 $ 171.50 171.50 $ 171.50 $ -0- $ 2,390.36 245.50 $ 2,635.86 2,635.86 $ -0- 268.58 268.58 268.58 $ $12,539,657.85 2,973.28 $12,542,631.13 $10,774,521.08 1,385,657.92 382,614.87 $12,542,793.87 162.74 $12,542,631,13 $ 423,727.11 193,096.49 $ 616,823.60 $ 616,823.60 -19- SCHEDULE #4 TOWN OF SOUTHOLD JUSTICES OF THE PEACE BANK RECONCILIATIONS AS OF DECEMBER 31, 1977 JUSTICE MARTIN SUTER North Fork Bank & Trust Co. Mattituck, New York Balance 12/31/77 Justice's Ledger -Bail Money -Fines and Fees due State TOTAL JUSTICE LOUIS M. DEMAREST Valley National Bank of New York Greenport, New York Balance 12/31/77 Justice's Ledger -Bail Money TOTAL JUSTICE FRANCIS DOYAN North Fork Bank & Trust Co. Mattituck, New York Balance 12/31/77 Justice's Ledger TOTAL $2,967.00 $2,300.00 667.00 $2,967.00 $ 200.00 $ 200.00 $ 200.00 -20- SCHEDULE #5 MEb© ONLY FISHERS ISLAND FERRY DISTRICT BANK RECONCILIATION AND CASH POSTITION AS OF DECEMBER 31, 1977 Valley National Bank Greenport New York Bank Balance 12/31/77 Deposits in Transit Less - Outstanding Checks Savings Account $ 19,544 2~540 $ 22,084 6,909 $ 15,175 104,530 1~,705 TRUST AND AGENCY ACCOUNT North Fork Bank & Trust Ce. Greenport, New York Bank Balance 12/31/77 Less Outstanding Checks RECONCILIATION Balance 1/1/77 Receipts Fishers Island $94,146 $567,376 Trust and Agency 1,676 48,201 Disbursements $541,817 44,752 By Board Resolution of 11/29/77 an Encumbrance of $37,500.00 was authorized for Bmr ~Thrus~ter for New Ferry'in 1977. 'CAPITAL ACCOUNT RECEIPTS-Bond Issue -Interest DISBURSEMENTS BALANCE 12/31/77 $ 5,548 423 $ 5,125 Balance 12/51/77 $119,705 5,125 $589,000 7,428 ~9~,428 353,400 2 ,o28 -21-