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Home My WebLink About1961-1962 FIFD~63 ~,[-726 ) REPG~T OF EXAMINATION OFTHE ACOOU}~fS AND FISCAL AFFAIRS OF THE F~ ISLAND FERRY DISTRICT TOWN OF $0UTHOLD SUFFOLK COUNTY Pursuant to Article 3, General l~untctpal Law Period Examined: January 1, 1961 to December 31, 1962 Mauriee Platt Examiner Approved: Ja:~ R. Neumann Prinoipa 1 Examfaer · '~unicipa 1 Affairs of Area STATE OF NEW YORK DEPARTMENT OF AUDIT AND CONTROL DIVISION OF MUNICIPAL AFFAIRS Cha trina n i4auager-Seeretar2 Fishers Island Ferry Distric% Town of Southold BOARD £;F F~RY CO~IONERS ~nce S. ~win Pol~ Rt~ V. F~le A~d R. G~be ~wis 0. ~mb Wi~d C. Sinc~ir ~ster ~.~. Alergan (T~n 1. Fishers Island Ferry District Town of Southold When Created November 21, 1947 Law Chapter 699, Laws of 1947 Amemied b2 Chapter 27, Laws of 1948 " " Chapter 82, Laws of 1950 " " Chapter 620, Laws of 1957 " " Chapters132, 169 and 170, Laws of 1957 Assessed Valuation, 1962 $4,194,427.00 15ended Indebtedness at Close of Examination Perind None Oaths of Office Ail of the required oaths of office were on file in the town clerk's office. Undertakin~s The undertaking of the treasurer covering the period examined was found on file tn the towm elerkts office. STATE OF NEW YORK DEPARTMENT OF AUDIT AND CONTROL Fishers Island Ferry District Town of Southold Annual B,,~et for the Year 19~:.[ Pu~ose ~ain%enance Erpe naes Tra~portation ~es Cas~ltles General ~es I~ance ~es ~ret~n~ Rents Non-Cad,er ~e~es Taxes a~ ~sess~nts F. I.G ~. Gontributiona Total Appropriatio~ ~s Esti~ted Reven~s Taxes to be ~vied Amount $ 23,000.00 24,080.00 1,200.00 13,175.00 14,309.00 78,121.00 4,195.00 1,222.00 ~60.00 $159,762.00 12~.,713.00 $ 35,049.00 Financial Records The ferr2 district accounts are maintained in accordance ~ith the Uniform System of Accounts prescribed by the Interstate Commerce Commission. These records are maintained b:!f the manager of the district and are audited by a private accountin,!~ firm. The town supervisor maintains separate cash accounts. Fishers Island Ferry District T~wn of Scuthold Rceeints and ?avment. All moneys determined to ~,ave been received were properly recorded an~ accounted for and disb~rsemeats: were made in accardance with statutory :requirements. _(]~ener~l Ferry district moneys wem~ deposited in a district account maintained in a New London, Connecticut hank. These funds are withdrawn by a monthly check payable to the supervisor. The check is signed by the manager cf the district. Section 6, Chapter 82 d the Laws of 1950, provides that all moneys received from ferriage shall be deposited in hanks or trust companies .designated by the Slmpervisor el' the Town of Sou%hold an~ to the credit ~f such supervisor. As stated in the previous report af examination, the maintenance ~f a district account s~bJect to withdrawal by persozm other than the supervisor is without legal authority. STATE OF NEW YORK DEPARTMENT OF AUDIT AND CONTROL Fishers Island Ferry District Town of Southoid SCHEDULE 1 SU~434ARY OF HAtANCES, RECEIPTS AND PAYMENTS ~0M JAN/~ARY 1, 1961 TO DECEI~R 31, 1962 General Manager Fund Fund $ 60,666.49 $ 1,213.82 175,560.07 139,665.5~ $236,226.56 $140,879.36 166,909.17 1;.0,011.17 $ 69,317.39 $ 868.19 171,457.75 135,921.59 $240,775.14 $136,789.78 159,675.90 136,19A-77 $ 81,099.2A $ 595.01 Balance January 1, 1961 Receipts 1961 Total Balance amd ~ec~ipts Payments 1961 Palance December 31, 1961 Receipts 1962 Total Balanee and Receipts Payments 1962 imlance December 31., 1962 Social Secuxit2 Fund $ 292.00 2,A89.85 $2,781.85 2,690.88 $ 90.97 2,573.53 ~2,664. 50 2,588.64 $ 75.86 STATE OF NEW YORK DEPARTMENT OF AUDIT AND CONTROL DIVISION OF MUNICIPAL AFI~AIR~ Fishers Island Fe~ District Town of Southold SCHEDULE 2 RECONCIL~ATION (F CASH ~ALANCES WITH CASH Ii~ BANKS AND ON HAND DECEMBER 31, 1962 Cash balance (Schedule 1) General Fund Manager Account Fund SocAml Security Fund Accounted for as follows $81,O99.24 595.O1 75.86 $S1,770.11 Cash in Banks ~alley National Ba~ of Long Island .~reenport, New York :~rtford National ~ank New London, Connecticut The North Fork Bank and Trust Company (~reenport, New York Total Net Cash in Banks Bank(a ) Checks Net Balan~ Outstanding Ealaa~ $82,096.16 $ 996.92 $81,099.24 3,049.85 3,049.85 .00 212.71 136.E5 Cash on Hand (Deposited January 2 and Jaguar2 4, 1963) Change Fund Cash in hank and on. Hand 75.86 $81,175.10 437.28 157.73 $81,770.11 (a) Verified from certiftcat~!~of banks. Certification .l, ~AUItICE PL, ATT~ do hereby certify that I am an Examiner in the New York l~tete Department cf Audit and Controll thai pursuant to law I have aade an ,~mtnetion of the ~coounts and. Fiscal Affairs of the F~ I~LAND F~RY DISTttICT, To~c of Southold~ Celerity of Soffolkj that I have read th~ foregoing :report of such exam~£netion and that the s~m~ is true to the beat of my knowledge, information and belie£. Examiner of ~,ntci~al Affairs STATE OP NEW YORK DEPARTMENT OF AUDIT A~ND C01~TROL DIVISION OF MUNICIPAL AFFAIRS