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Home My WebLink About2006 r r-"'_,~ . h;._ '_~ ".\, ;""\ . "._J ,:. ., 7 All Numbers in This Report Have Been Rounded To The Nearest Dollar S."'!"{~ .!.r T -, "''''11' .Iu r . .... ~. I- ~ ,",', '"'.d}rx ANNUAL FINANCIAL REPORT UPDATE DOCUMENT For The TOWN of Southold County of Suffolk For the Fiscal Year Ended 12/31/2006 ***********************************************************************************************************************************.* AUTHORIZATION ARTICLE 3, SECTION 30 of the GENERAL MUNICPAL LAW: 1. '-Every Municipal Corporation ... shall annually make a report of its financial condition to the Comptroller. Such report shall be made by the Chief Fiscal Officer of such Municipal Corporation ... 5. All reports shall be certified by the officer making the same and shall be filed with the Comptroller within sixty days after the close of the fiscal year of such Municipal Corporation ... It shall be the duty of the incumbent officer at the time such reports are required to be filed with the Comptroller to file such report ... State of NEW YORK Office of The State Comptroller Division of Local Government Services and Economic Development Albany, New York 12236 Page 1 TOWN OF Southold ... FINANCIAL SECTION ... Financial Information for the following funds and account groups are included in the Annual Financial Report filed by your government for the fiscal year ended 2005 and has been used by the OSC as the basis for preparing this update document for the fiscal year ended 2006: (A) GENERAL (B) GENERAL TOWN-OUTSIDE VG (CD) SPECIAL GRANT (DA) HIGHWAY-TOWN-WIDE (DB) HIGHWAY-PART-TOWN (H) CAPITAL PROJECTS (K) NON-CURRENT GOV ASSETS (SF) FIRE PROTECTION (SM) MISCELLANEOUS (SP) PARK (SR) REFUSE AND GARBAGE (SS) SEWER (TA) AGENCY 01) DEBT SERVICE 0N) NON-CURRENT GOV LIABILITY All amounts included in this update document for 2005 represent data filed by your government with OSC as reviewed and adjusted where necessary. ... SUPPLEMENTAL SECTION ... The Supplemental Section includes the following sections: 1) Statement of Indebtedness 2) Schedule of Securities for Collateralization 3) Schedule of Time Deposits and Investments 4) Investment Certification 5) Bank Reconciliation 6) Local Government Questionnaire All numbers in this report will be rounded to the nearest dollar. Page 2 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (A) GENERAL Balance Sheet Assets Cash Cash In Time Deposits Petty Cash TOT A~~\tash Taxes Receivable, TOTAL TaXM ReC8I"ablf~h'llij ", ...j,...",..."........' ...::.,:>';}"""'...,.."....,.. Accounts Receivable 5,045,622 A200 3,147,911 4,246,342 A201 5,191,277 474 A210 284 8,339~n '_' f",.. ,'h' 3,017 A250 21,516 A380 22,346 1,867,136 A440 2,075,955 State & Federal, Other TOTAL,State And Fdt8IAld /,:",",~",,,,,"'" ,,<>.....1.'10'/&+.0&.. Due From Other Funds TQTAL Due From Other Inventory 1,204 A445 2,099 426,199 Prepaid Expenses TOTAL prepaidSxpenses TOTAL .....ets ' 498,344 A480 Page 3 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (A) GENERAL Balance Sheet Non-Current Government Assets Accounts Payable . .. "" ,," ... . TOTAL "'~~~~,ts Payable Due To Other Funds TOTAL gO,~sTo~OlheE Fund,s", Due To Other Governments TOTAL Due To Other Governments ",".i"~.,",=,,,,-,,"""".i...yi' Deferred Revenues 627,049 A600 701,018 ~ ~7l!1.q18 2,287,631 A630 1,460,650 1,156 A631 759 3,018,595 A691 Insurance Reserve ...........,..........'.. .."..............."'.........."..,........ TOTAL Speclal'Reserves Unreserved Fund Balance TOTAL, Un,~rved, FU,nd Balance- Appropriated Unreserved Fund Balance Unappropriated 2,657,200 A910 Page 4 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (A) GENERAL Results of Operation Detail Revenues And Other Sources Real Property Taxes TOTAL ~epl~rope~A't~i!,,~~,tP;,,; Other Payments In Lieu of Taxes Interest & Penalties On Real Prop Taxes 14,608,674 Al00l 14,872,736 21,477 Al081 24,748 47,330 Al090 61,060 415,071 A1120 616,670 5,400 A1230 5,400 12,964 A1255 11,114 678 A1289 2,107 4,753 A1520 3,810 174,830 A1972 169,983 75,187 A2001 90,595 59,684 A2025 138,100 12,460 A2189 56,740 163,925 A2210 162,742 75,470 A2351 122,557 13,163 A2389 30,750 349,545 A2401 540,556 137,416 A2410 143,019 2,835 A2440 A2450 591 654 A2540 674 9,863 A2544 10,421 238,661 A2590 247,698 138,217 A2610 161,938 1,975 A2620 9,825 U1.76,3 1,628 A2650 8,952 5,582 A2655 1,395 86,080 A2680 84,710 93290 ,f........., A2700 56,764 336,540 A2701 10,603 24,764 A2705 -8,397 70,965 A2770 87,291 2,527,097 A3005 2,610,172 7,882 A3040 8,312 74,994 A3089 79,299 OSC Municipality Code 470379000000 Non Prop Tax Dist By County Treasurer Fees Clerk Fees Other General Departmental Income Police Fees Charges-Programs For The Aging Park And Recreational Charges Special Recreational Facility Charges Other Home & Community Services Income TOTAL Depar\menlallncQme General Services, Inter Government Programs For Aging, Other Govts Mise Revenue, Other Govts Interest And Earnings Rental of Real Property Rental, Other (specify) Commissions Bingo Licenses Dog Licenses Permits, Other Fines And Forfeited Bail Forfeitures of Deposits Sales of Scrap & Excess Materials Sales, Other Insurance Recoveries TOTAl: Sj!!e of Pr!>~J:l}i'~d:~~I\Il!8llSatlOn For Lo.. Reimbursement of Medicare Part D Exp Refunds of Prior Year's Expenditures Gifts And Donations Unclassified (specify) St Aid, Mort9age Tax St Aid, Real Property Tax Administration St Aid - Other (specify) Page 5 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (A) GENERAL Results of Operation Detail Revenues And Other Sources 5t Aid, Youth Programs 27,897 A3820 27,395 2,72~:ttr 50,000 A4389 7,830 A4597 28,838 124,348 A4772 121,825 A4997 70,000 Fed Aid Other Public Safety Fed Aid, Transp Cap proj Fed Aid, Programs For Aging Fed Aid, Other Home & Community Cap Interfund Transfers TOTAi:.ln~~Ji!:lijlsfe'" TOTAL Other Sources TOTAL Detail Revenues And Other 5ourC"','"',:;:::,~:'7, ",. . ..... ." .. . . .... .._.~. 2,642,859 A5031 2,253,944 2,253,944 2,642,859 , 22,550,868 . . '.....".. 22,932;764 Page 6 OSC Municipality Code 470379000000 (A) GENERAL Results of Operation Detail Expenditures And Other Uses Legislative Board, Pers Serv Legislative Board, Contr Expend TOTAL i:.lIaTlila!I~'QAA~.. . Municipal Court, Pers Serv Municipal Court, Equip & Cap Outlay Municipal Court, Contr Expend TOTAL Mtini~1~~';l'!' Supervisor,pers Serv Supervisor,equip & Cap Outlay Supervisor,contr Expend Dir of Finance, Pers Serv Dir of Finance, Equip & Cap Outlay Dir of Finance, Contr Expend Auditor, Contr Expend TOTAL Auditor Tax Collection,pers Serv Tax Collection,contr Expend fOTAi:.iail\iW8i1~ctlon:.,>: """""".D ',.,.. ..........)L.....,.u Assessment, Pers Serv Assessment, Equip & Cap Outlay Assessment, Contr Expend Clerk,pers Serv Clerk,equip & Cap Outlay Clerk,contr Expend Law, Pers Serv Law, Equip & Cap Outlay Law, Contr Expend Engineer, Pers Serv Engineer, Contr Expend Records Mgmt, PerS. SerVo Records Mgml, Equip & Cap Outlay Records Mgmt, Contr Expend TOTAL ReeQrds Mgm! Public Works Admin, Pers Serv Public Works Admin, Contr Expend TOTAL .,UbiidWorks .,""..,~"."t,""7."''''.,,'', .,' " Buildings, Pers Serv Buildings, Equip & Cap Outlay Buildings, Contr Expend TOTAL, I!ulldlngs, TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 .. 112,000 Al0l0l 115,920 149,345 Al0l04 208,208 ., '~3~71~: 334.658 Alll0l 386,871 608 Alll02 54,284 Alll04 52,345 4,39,216 203,762 A12201 192,397 576 A12202 8,334 A12204 4,078 276,993 A13101 303,296 1.074 A13102 739 13,455 A13104 14,205 31~,241 50,000 A13204 60,000 50,000 60,000 75,511 A13301 81,018 18,144 A13304 16,246 328,608 A13551 347,006 1,150 A13552 310 17,705 A13554 24,782 314,414 A14101 328,257 1,420 A14102 13,035 11,599 A14104 14,376 219,925 A14201 248,405 262 A 14202 77,402 A14204 98,033 66,493 A14401 70,126 1,594 A14404 1,706 61.127 A14601 77,822 48,734 A14602 10,380 A14604 2,580 90,782 58,113 A14901 60.344 568 A14904 585 58,881 572,900 A16201 621,237 126,123 A16202 229,283 464.605 A16204 558.770 Page 7 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (A) GENERAL Results of Operation Detail Expenditures And Other Uses Central Garage, Contr Expend TQTAL <;:~n~1 Ga!i!U,~~" Central Print & Mail, Equip & Cap Outlay Central Print & Mail,contr Expend TOTAL <;entral pri;;ti""aljF;~', Central Data Process, Pers Serv Central Data Process & Cap Outlay Central Data Process, Contr Expend TOTAL C.ini..al~tbCe.s Unallocated Insurance, Contr Expend 11,937 A16404 ,-11,~;!11~L, 37,784 A16702 27,709 A16704 ,65.493 202,868 24,710 181,018 ,,' :,:~,8.5~7 482,256 A19104 A16801 A 16802 A16804 _,_'.''_,'' _ _ u TOTAL Unal!o~l!d Insurance Municipal Assn Dues, Contr Expend TOT~J\iu':llcl~1 As'sn D-~~_" V',,;;, 't~; L.p ~-~_" TOTAl,G,eheral Gove'!'ment Support'i""'i':' Public Safety Comm Sys, Pers Serv Public Safety Comm Sys, Equip & Cap Outlay Public Safety Comm Sys, Contr Expend TOTAL 'Public Safety Comm Sye':.1",,1, ',:;' _ do",',' < ,.d..,""""~' ,,- - -"- ," -, Police, Pers Serv Police, Equip & Cap Outlay Police, Contr Expend TOTAL Po)lce Traffic Control, Contr Expen TOTAL Traffic Control ,-~"'~""'" ' - _.0"4i'" 1,800 A19204 552,261 A30201 49,789 A30202 36,766 A30204 5,641,384 A31201 284,399 A31202 352,866 A31204 '; '"Y0!~:":8,~~.e4~ : 9,957 A331 04 -'~>"-"t-:ti;9Si _ . , ,." 364 A341 04 364 60,000 A35102 162,240 A35104 8,303 A36101 4,383 A36104 11,000 A36401 348 A36402 3,085 A36404 Fire, Contr Expend TOTAL Fire Control of Animals, Equip & Cap Outlay Control of Animals, Contr Expend fOTAL Control'''f Animals Examining Boards, Pers SeN Examining Boards, Contr Expend TOTAl,. ExliTI,~ing .Boar.ts Civil Defense, Pers Serv Civil Defense, Equip & Cap Outlay Civil Defense, Contr Expend TOJ~t C!iiP~fe~1\ .... TOTAL Pu6liC' Safety , Public Health, Contr Expend TOTAL Public Healtt1' Narcotic Guid Council, Contr Expend jOTAi.;N:~#~c GUld~~~yMui~;.;.. TOTAL ...~~~~_ ,- \'.~~~ft~~~~n:;i;!;: Street Admin, Pers SeN TOTAlStr88IAdmin Street Lighting, Pers Serv 13,469 13,469 44,290 33,748 78,037, 222,592 17,044 177,712 'P-,:Y~;-4_~if~~' ~. .. ,,' 417,348 524,876 Y--~iq.0+'1f,*,*,~m#" 524,876 1,650 .;::':J~ .5,177,745 662,699 80,223 50,576 5,832,521 130,978 389,042 6,352,541 27,259 ~.~~ 337 337 168,730 , 168,730 8,141 4,243 . };, 12,3~3 12,500 986 3,045 :,,::1l$tlM3,1 '.. .. '0: '3,""'''''''''.' -, "--<-:""'1~~;,O~: 300 A40104 32,988 A42104 32,988 , ,~- , ': 219,487 A50101 246,477 .ii9;487 246,477 81,387 A51821 47,206 Page 8 OSC Municipality Code 470379000000 (A) GENERAL Results of Operation (,._'- Detail Expenditures And Other Uses Street Lighting, Equip & Cap Outlay Street Lighting, Contr Expend TOTAL Off-Street Parking, Contr Expend T TAL ~ill'Ilet Parklnit' ~' !:L h1l$.h" ,.,. TOTAL Trans,,^rtalion'''',' '" ;~f+;a",;P&~'l' """ "'''''~;Vy,,, '. -, yE<2PY;5,~5~t,~~j00,"'V Publicity, Contr Expend TOTAL Publicity Programs For Aging, Pers Serv Programs For Aging, Equip & Cap Outlay Programs For Aging, Contr Expend TqTAL ~{!!lI~1ji1l For Aging :relT Al. ~~iji,i!!~ Ass~tance And Opportunity Recreation Admini, Pers Serv Recreation Admini, Equip & Cap Outlay Recreation Admini, Contr Expend TOTAL ReCrea,!on Admlnl Special Ree Facility, Pers Serv Special Ree Facility, Contr Expend TOTAL ~ii1fRec Facility Library, Contr Expend TqTlUt Llbl"l!r:v: Historian, Pers Serv Historian, Equip & Cap Outlay Historian, Contr Expend TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 672 A51822 1,858 130,448 A51824 149,887 :i12J5q~ ~ ~",+~,;jili;t,{' .. 198,952 14,883 A56504 6,621 "U21 'C"'-,"h' ,__,. 40,000 A641 04 40,000 . 4O;0~0 . 40000 "J,} 656,218 A67721 698,213 4,201 A67722 3,556 200,719 A67724 207,970 99,725 834 74,876 .175,436. ~ 108,502 6,468 ,','!,:~t1i~97"f' '," Historical Property, Pers Serv Historical Property, Contr Expend TOT~~istorICaI ProperlY Celebrations, Contr Expend TOTAL Cel~!1.ralions TOTAL CuiWi'e'And Recreation Planning, Contr Expend TOTAli;~lannl~g Environmental Control, Pers Serv Environmental Control, Equip & Cap Outlay Environmental Control, Contr Expend l:C)TALElWG'on,riienilii C.ci~~I, Comm Beautification, Equip & Cap Outlay TOTAL Cot~aulif(Call~n Shade Tree, Contr Expend TOTAL Shade'T~ , Conservation, Equip & Cap Outlay Conservation, Contr Expend 1;qTAL Conservatio~,,: 45,000 A70201 A70202 A70204 107,111 52 98,899 '',.,~,q6J062 106,261 6,583 " 1[>:1'1'2\'844 ':'" ,,',, ' 45,000 A71801 A71804 A741 04 ':~5.9:ij~f~,."c<~'~~' ~; 14,771 A75101 374 A75102 750 A75104 15,179 A80204 613 16,792 2,931 1,666 4,5~7 688 .~. '~!l!l!3 60,445 '~6iOI~j , 182,966 138,191 14,480 /~!5.~ 1,367 A75201 1,233 A75204 868 A75504 "ff~(~~!q,!!!, :~! 13,163 A85102 . ;13;163.. 15,492 A85604 '. ""5"'92" .' "'*?'<~~~~":"~ 852 A871 02 7,064 A871 04 > r~,f:~;~7~6" 354,768 8,500 8,500 179,635 10,913 Page 9 A80901 A80902 A80904 14,720 ,:::~:,1~j~~' 12,668 , (,~:~Tt\i2'.6i~: OSC Municipaiity Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (A) GENERAL Results of Operation Detail Expenditures And Other Uses Fish And Game, Contr Expend 18,000 A87204 25,000 Cemetery, Contr Expend 6 A881 04 6 Mise Home & Comm Serv, Pers Serv Mise Home & Comm Serv, Contr Expend 59,735 1,913 A89891 A89894 81,074 721 State Retirement System 526,185 A90108 546,348 Police & Firemen Retirement, Empl Bnfts 934,153 A90158 812,249 Social Security, Employer Cont 738,661 A90308 792,897 Worker's Compensation, Empl Bnfts 137,048 A90408 160,259 Unemployment Insurance, Empl Bnfts 16,000 A90508 24,766 Disability Insurance, Empl Bnfts 232,592 A90558 198,205 Hospital & Medical (dental) Ins, Empl 8nft 3,254,433 A90608 3,261,660 Other Employee Benefits (spec) 18,891 A90898 15,484 ~ ""''''''7'''' TpTAL Em,,~~~~~.eflts Debt Principal, Serial Bonds 715,282 A97106 527,970 Debt Principal, Bond Anticipation Notes 555,519 A97306 526,735 Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes 278,090 11,165 A97107 A97307 230,683 27,848 TOTAL Debtlnte~~~~;; TOTAL ExPenditures, 'f Transfers, Other Funds 1,895,023 A99019 1,531,369 1,531',369 ch;.....cL'.. ,., Page 10 OSC Municipality Code 470379000000 (A) GENERAL Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity-Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity~End of Year TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 Page 11 6,639,693 A8021 6,007,463 6,639,693 A8022 6,007,463 22,550,868 22,932,764 23,183,099 23,555,527 6,007,463 A8029 5,384,699 OSC Municipality Code 470379000000 (A) GENERAL Budget Summary TOWN OF Soulhold Annual Update Document For the Fiscal Year Ending 2006 Estimated Revenues And Other Sources Est Rev - Real Property Taxes Est Rev - Real Property Tax Items Est Rev - Non Property Tax Items Est Rev ~ Departmental Income Est Rev - Intergovernmental Charges Est Rev - Use of Money And Property Est Rev - Licenses And Permits Est Rev - Fines And Forfeitures Est Rev - Sale of Prop And Camp For Loss Est Rev - Miscellaneous Local Sources Est Rev - Intertund Revenues Est Rev - State Aid Estimated - lntertund Transfer Appropriated Fund Balance TOTAL ESlIiffliled 6tti..;:;Soi"ces . . To1.\L Estllli~~d Reyl!n~1{~~Oth~rSo",;C 0IIII 14,872,736 Al049N 16,205,911 68,500 A 1 099N 80,000 616,000 Al199N 616,000 342,100 A1299N 473,600 386,616 A2399N 421,244 460,000 A2499N 555,000 223,100 A2599N 234,900 112,000 A2649N 127,000 74,050 A2699N 7,550 47,420 A2799N 92,554 3,005,980 A2801N 2,434,897 A3099N 2,332,897 A5031 N 3,296,446 3,032,200 A599N 2,185,000 Page 12 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (A) GENERAL Budget Summary Appropriations And Other Uses App - General Government Support App - Public Safety App - Health App - Transportation App - Economic Assistance And Opportunity App - Culture And Recreation App - Home And Community Services App - Employee Benefits App - Debt Service TQ'TAL Appropriatio"$lik~t!,. App - Interfund Transfer 6,116,403 7,297,533 33,300 442,710 1,030,920 395,314 362,224 6,257,400 1,559,500 i3.495~!i4i 2,180,295 A1999N A3999N A4999N A5999N A6999N A7999N A8999N A9199N A9899N A9999N Page 13 6,480,095 7,704,283 33,300 526,410 1,091,260 373,870 406,556 6,190,823 1,430,540 24:2~i M' 2,390,965 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (B) GENERAL TOWN-OUTSIDE VG Balance Sheet - Assets Cash In Time Deposits TOTAL Accounts 740,370 B201 821,446 """<,..,.._......"""."'~....~_. .....--...,.. - ::.....,.-'''<Xtt< ,.", TOT"l Othar Racelva~l,es (nal) " " State & Federal Receivables TOTAL Slale And Fiidetll Aid Recalvables''', (: p, "jr...._".._." ,.,..........'... -... .... ....... ....'"'., Due From Other Funds TOTAL Due;f,t:<1'!' Olhe,:"unds Prepaid Expenses 42,750 B410 152,519 B391 115,236 ";",f-' 116.236, ":."''';: 26,685 B480 25,600 Page 14 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (B) GENERAL TOWN-OUTSIDE VG ~- - - 14,395 B600 21,800 21.800 6,974 B630 TOTAL Un.es;~ Fund Balance 'AJiPto'jjrilited ' Unreserved Fund Balance Unappropriated TOT AL'lllireserved Fund Balance - Unappropriated TOTAL 'Non'<:urrent Government Assets :";" ..".... '. .>::.:.':n';p';'u.':'j'----' TOTAL Non-Current Gover/1",ent Assets 543,813 B911 449,193 :;~ 44;9.193 9oll'1113 -\-.-4_-.'~'_",,_, , l' 020' 682 "'-,,,"'."" Page 15 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (8) GENERAL TOWN-OUTSIDE VG TQT Ai. Rnl P!:'!I!!rlY, Taxes"" n . Other Payments In Lieu of Taxes Interest & Penalties On Real Prop Taxes ',"';>.;;i'?>"f'if""+:i TOTAL R\'jII Property Tax Items Franchises TOTAL Non Property Taxllems Other General Departmental Income Safety Inspection Fees Public Health Fees Zoning Fees Planning Board Fees TOTAL D~partmeljl!ifllicome Interest And Earnings TOTAL Use of Money An~,etOP!lfty Permits, Other TOTAL Licenses And Permits Sales, Other TOTAL Sale of Pro.,erty And Compensation,Fii, Loss Refunds of Prior Year's Expenditures TOTAL Miscellaneous LoeafSources SI Aid, State Revenue Sharing SI Aid, Other Aid (specify) TOTAL Slate Aid, ""....AT.:.'i> TOTAL Detail Revenues And Other Page 16 538,773 81001 492,996 492,996 808 81081 863 412 81090 660 213,786 81170 229,346 213,786 229,346 8,223 81289 7,166 471,909 81560 421,628 16,377 81601 12,506 63,450 82110 63,300 179,324 82115 152,043 28,321 82401 47,074 47,074' 5,200 82590 7,232 '7.232 8,556 82655 6,738 6.738, 74,427 82701 7 7 75,374 83001 90,422 42,750 83089 -42,750 1 ,48~,2~j 1,489:23'1! ...,..../. OSC Municipality Code 470379000000 (B) GENERAL TOWN-OUTSIDE VG Results of Operation Detail Expenditures And Other Uses Law, Pers Serv Law, Contr Expend TOTAL a:!l,w TOTAL General Government Support , Safety Inspection, Pers Serv Safety Inspection, Equip & Cap Outlay Safety Inspection, Contr Expend TOTAL Mise Public Safety, Pers Serv Mise Public Safely, Contr Expend Public Health, Pers Serv TOTAL Public Health TOTAL Health;::" Zoning, Pers Serv Zoning, Equip & Cap Oullay Zoning, Contr Expend TOTAi:'Zonlng , Planning, Pers Serv Planning, Equip & Cap Outlay Planning, Contr Expend TOT AL~!!ij~lhg~f~:;ffi~'J;~j~4:'ii< TOTAL Hoine And 'C'?:l!iffiil/tlty Services State Retirement, Empl Bntts Social Security, Empl Bntts Worker's Compensation, Empl Bntts Disability Insurance, Empl Bntts Other Employee Benefits (spec) TOTAL EmploY!G'B~neflts .. .................................. Debt Principal, Serial Bonds TOTAL Debt Debt Interest, Serial Bonds TOTAL Debt Intemt TOTAL Expenditures .. ,... .....'.YH/...............', Transfers, Other Funds TOTAL' Oil@ratlng Transfers ' .T,c.!>sd1f1TIY".-. ..,...... ................., TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 61,503 38,392 99,895 382,559 10,633 , , ..~!M92 B14201 B14204 B36201 B36202 B36204 B39891 B39894 6,864 B40101 5,864 114,362 B80101 1,724 B80102 12,989 B80104 415,864 B80201 93 B80202 18,236 B80204 98,137 75,124 6,938 24,317 6,261 Page 17 B90108 B90308 B90408 B90558 B90898 5,074 B97106 311 B97107 U79;3,lI1 264,969 B99019 64,964 38,690 11\3,654 '103,864 398,903 134 9,134 1,241 38 1,279 , 409,4(9 7,104 7,104 7,104 124,456 150 17,681 142,288, 366,908 14,730 101,744 74,757 8,121 20,048 10,323 209,971 209,971 1,469,097 OSC Municipality Code 470379000000 (B) GENERAL TOWN-OUTSIDE VG Changes in Fund Equity TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity ~ Beginning of Year Restated Fund Equity. Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year Page 18 704,720 B8021 888,060 704,720 B8022 888,060 1,727,690 1,489,231 1,544,350 1,469,097 888,060 88029 908,193 OSC Municipality Code 470379000000 (B) GENERAL TOWN-OUTSIDE VG Budget Summary Estimated Revenues And Other Sources Est Rev - Real Property Taxes Est Rev - Real Property Tax Items Est Rev - Non Property Tax Items Est Rev - Departmental Income Est Rev - Use of Money And Property Est Rev - Licenses And Permits Est Rev - Sale of Prop And Camp For Loss Est Rev-State Aid TOTAL Appropr1atGd Fund Balance Appropriated Fund Balance TClTAl Estimated Other Sources ",../,""...".....,..................,;.'..........." ...,.....,..... TOTAL Estlm'ated."Rev,~fil..And Other Sources">, TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 492,996 Bl049N 407,539 1,200 Bl099N 1,300 205,000 B1199N 207,000 636,400 B1299N 656,100 25,000 B2499N 35,000 5,200 B2599N 5,200 10,000 B2699N 8,000 75,374 B3099N 90,000 1,451;170 1;410;139 344,246 B599N 459,000 Page 19 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (B) GENERAL TOWN-OUTSIDE VG Budget Summary lr':"iVI.IIIIll Appropriations And Other Uses App - General Government Support App - Public Safety App - Health App ~ Home And Community Services App - Employee Benefits TO...AL~~jl'a;l>p"'ii!!!!!!!i, " App - Interfund Transfer ~ -'II 144,600 439,210 7,200 682,472 236,900 B1999N B3999N B4999N B8999N B9199N 147,289 458,010 7,400 763,179 234,300 285,034 B9999N 258,961 258,961 1.8El9,,~ .' Page 20 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (CD) SPECIAL GRANT Balance Sheet .. Assets Due From Other Funds CD391 5,000 Due From Other Governments 5,000 CD440 9,150 TOTAL Due From Other Governments ,......;+'x TO TAL '''~'''',' , '~y!; ':.;:;Yf0>,,:rbM" Page 21 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (CD) SPECIAL GRANT Balance Sheet Fd'__ - dO Non-Current Government Assets Accounts Payable TOTAL.Ac(;ounls Payablli' ',: i,';'r"~0t?~<m ", ". em. . TOTAL Liabilities >'.J:i~;~'\'j;7';,::Z/j? Unreserved Fund Balance Appropriated 5,000 CD600 9,150 CD910 5,000 Page 22 OSC Municipality Code 470379000000 (CD) SPECIAL GRANT Results of Operation TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 Detail Revenues And Other Sources Refunds of Prior Year's Expenditures TOTAL MlsC:IllI.neous Lbc'elSb(.rc8s Fed Aid, Community Development Act TOTAL Federal Aid TO~AL RevenlihV'y""' " '"".".",."""""'".".../.,..... . <,."","''''.++'''LS/Jf, TOTAL,OetaIU~evenues And Ollr..,Sources Page 23 CD2701 5,000 224,136 CD4910 41,163 , 41,163 , ,'46,163, 46,163 2~,~36 OSC Municipality Code 470379000000 (CD) SPECIAL GRANT Results of Operation Detail Expenditures And Other Uses Prov of Public Service, Contr Expen TOTAL Prov,ofPubllc Service TOTAL Expenditures TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 Page 24 224,755 CD86764 41,163 OSC Municipality Code 470379000000 (CD) SPECIAL GRANT TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 Fund EquityMBeginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity-End of Year Page 25 11.1 619 CD8021 619 CD8022 224,136 224,755 46,163 41,163 5,000 CD8029 OSC Municipality Code 470379000000 (DA) HIGHWAY-TOWN-WIDE Balance Sheet Assets Cash In Time Deposits TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 31,922 DA201 16,929 __16.929 , -16.929 Page 26 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (DA) HIGHWAY-TOWN-WIDE Balance Sheet Non-Current Government Assets Unreserved Fund Balance Appropriated TOTAL Unl'8llerved Fund Balance' Appropriated, Unreserved Fund Balance Unappropriated TOTAL UnreServed Fund Bala'nce . Unapproprla~ ,', ' TOTAL Non:Current G~~ilti.pent Assets " 'i ,',c,_: :'!- TOTAl" Non'l:urrent Govel'nment AslM!is - , 16,000 DA910 '16;000 15,922 DA911 16,900 29 Page 27 OSC Municipality Code 470379000000 (DA) HIGHWAY-TOWN-WIDE Results of Operation ~--II' Detail Revenues And Other Sources Real Property Taxes TOTAL Reall!'rl'll!rtyiJa~es Other Payments In Lieu of Taxes TOTAL Real prOp.;/tiiaxllerns Interest And Earnings Refunds of Prior Year's Expenditures TOTAL MlsC8U~neous Local Sou~,', TOTAl:Revenu;;'S'!;'7;' ' TOTAL Detail ~ev'l\ues And Other Sources TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 -123,050 DA1001 111 DA1081 Page 28 2,377 DA2401 15,882 DA2701 -16,100 -16.100 1,107 1.107 o , ,14.993, '-14.993 OSC Municipality Code 470379000000 (DA) HtGHWAY-TOWN-WIDE Results of Operation Detail Expenditures And Other Uses Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes TOTAL Debt TOTAL'ElcPendlmHl.:,' ,', ;',,'.~>""""".."-::'....::_.._'.::>'- TOTAL Detail EXPenditures A~!IRther Uses TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 Page 29 - .n. _i\\.~ 2,119 DA97106 130 DA97306 2,249 , OSC Municipality Code 470379000000 (DA) HIGHWAY-TOWN-WIDE Changes in Fund Equity TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity. End of Year Page 30 138,851 DA8021 138,851 DA8022 -104,580 2,249 31,922 DA8029 31,922 31,922 -14,993 16,929 OSC Municipality Code 470379000000 (DA) HIGHWAY-TOWN-WIDE Budget Summary Est Rev - Use of Money And Property TOTAL ApprOpriated Fund Balance Appropriated Fund Balance TOTAL Estl or Sou TOTAL: Estl _ ._ TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 ~, 100 16,000 Page 31 ilK DA2499N DA599N 600 600 16,900 16,900 17.600 OSC Municipality Code 470379000000 (DB) HIGHWAY-PART-TOWN Balance Sheet ~-""""W- Assets Cash In Time Deposits Assessments Receivable Accounts Receivable TQTAL oihlii'Recelvabl_jnet) State & Federal Receivables Due From Other Funds T9TAL Dul{FfOm Other Funds Prepaid Expenses TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 -..- .... DR' Page 32 1,557,865 991,002 DB201 4,278 3,914 DB370 DB380 43,424 DB410 828,984 ""i:':~{828~i84 56,947 DB480 461,241 57,894 67,694 2,363,337 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (OB) HIGHWAY-PART-TOWN Balance Sheet fI!'Mlt~Ml....~. Non-Current Government Assets Accounts Payable TOTAL Accounts'Payable Due To Other Funds TOTAL D,!le-To Other Funds . ~~',... ;",., Deferred Revenues - - - 72,436 OB600 OB630 0 831,185 OB691 101,474 ',,"49'290 '....;1~....\\...f 900,180 900.180 :1,O.50,~ OB821 129,285 Reserve TOiA~;'~8$erVe'f~'(~ri~~~~.~"~1{~11~'("0>:';' Unreserved Fund Balance Appropriated .. .".".......:c:;.:,...;.....'... ..', ':"<"" .... ;,,;/;';,/0'<;;</'(:;;;:;;':"::.::.,.. TOTAL \Jnreserv8!t,!:_uod Balance; 'Appropriated Unreserved Fund Balance Unappropriated TOTAL TOTAL TOTAL 339,900 OB910 '''7'S 488.s00 685,026 OB911 686,608 , - , 888,808 , " ' .1.302,393 '; "..... 4;.::,,:.; .;:.<: 2.363.337 Page 33 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (DB) HIGHWAY-PART-TOWN _~,,,_J!IIIl' -"" iii 3,928,082 OB1001 3,928.082 5,892 OB1081 3,043 DB 1 090 75,440 OB2401 11,126 OB2590 1,916 OB2650 880 OB2680 2,796 138,438 OB2701 734 OB2770 188,147 OB3501 TOTAL Reall',roperly Other Payments In Lieu of Taxes Interest & Penalties On Real Prop Taxes TOTAL Real ProPl!~,Ta,x Items -:::i',", Interest And Earnings TOTAL O.l!fof MoneY:~!,d Prope!'lY "; "_' Permits, Other TOTAL LiCenses And l'41nn1ts Sales of Scrap & Excess Materials Insurance Recoveries TOTAL Sale of Properly And Compensation For,LOss:,: Refunds of Prior Year's Expenditures Unclassified (specify) tQr~~;Mis~U'~~eous'Local Sources 5t Aid, Consolidated Highway Aid TotA~.Rev';[~'/ TOTAL Detail' Revenues And Other Sources 4,111,447 4,111.447 7,199 5,490 12,689 139,471 139,47' 9,484 7,520 o 276,337 " 278,337 4,5561~9 Page 34 OSC Municipality Code 470379000000 (06) HIGHWAY-PART-TOWN Results of Operation ""'''''''''''"'. ~~ Detail Expenditures And Other Uses Maint of Streets, Pars Serv Maint of Streets, Contr Expend Perm Improve Highway, Equip & Cap Outlay TOl:AL Penn !qlprove HlghWaY'-~':": r' . Machinery, Pars Serv Machinery, Equip & Cap Outlay Machinery, Contr Expend TOTAL Mechlnery Brush And Weeds, Pers Serv Brush And Weeds, Equip & Cap Outlay Brush And Weeds, Contr Expend TOTAdlrush And Weeds Snow Removal, Pars Serv Snow Removal, Equip & Cap Outlay Snow Removal, Contr Expend State Retirement, Empl Bntts Social Security, Empl Bntts Worker's Compensation, Empl Bntts Disability Insurance, Empl Bntts TOTAL Employee Benefits Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes TOTAL. P~~\;~~~~clpel Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes TOTAL Debt Interest TOYAL Expenditures Transfers, Other Funds TOT AL~ p'~ratlng tranSfe,:, TOTAt: Detail Expenditures And Other TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 Page 35 1,102,608 0651101 548,952 0651104 188,147 0651122 352,671 0651301 82,977 0651302 161,868 0651304 597,516. ';;'<.", 83,695 0651401 200 0651402 36,891 0651404 210,698 0651421 23,190 0651422 121,871 0651424 223,086 133,851 91,456 51,949 7,707 156,785 472 11,158 520,085 520,085. 0690108 0690308 0690408 0690558 0697106 0697306 0697107 0697307 0699019 1,198,528 359,431 1,557,959 276,337 278,337 331,997 289,092 158,712 779,801. 112,205 184 80.630 18~;019 119,852 6,126 94,983 .220,9~ 3,028,078 230,269 134,837 107,517 42,482 ,51M08 266,000 268,000 17,652 17,852 3,828,834 452,648 452,848 45~,848 4,279,482 OSC Municipality Code 470379000000 (06) HIGHWAY-PART-TOWN Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 Page 36 781,546 068021 1,024,926 781,546 068022 1,024,926 4,353,698 4,556,949 4,110,318 4,279,482 1,024,926 068029 1,302,393 OSC Municipality Code 470379000000 (DB) HIGHWAY-PART-TOWN TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 Budget Summary BAH--- n..... .~..- iIiIl!l:~ Estimated Revenues And Other Sources Est Rev - Real Property Taxes Est Rev - Real Property Tax Items Est Rev - Use of Money And Property Est Rev - Licenses And Permits Est Rev - State Aid TOTAL APJ(i@prlated Fund Balance Appropriated Fund Balance - ...-............,........ ...,,,.,..............-,,............ TOTAL Eat!.._~p~er s,~q~ TOTALrEstlfifallrR.~.~u~~Arid.Other Page 37 4,111,447 8,500 72,000 6,500 231,332 339,900 ..- DB1049N DB1099N DB2499N DB2599N DB3099N 4,045,195 11,100 125,000 7,000 263,535 DB599N 486,500 OSC Municipality Code 470379000000 (DB) HIGHWAY-PART-TOWN Budget Summary BiifIil~ElD Appropriations And Other Uses App . Transportation App - Employee Benefits App - Debt Service TOTAL App/OliHatlons Interfund Transfers TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 ---~![:~-Hl~ 3,485,358 543,162 294,785 DB5999N DB9199N DB9899N 446,374 DB9999N Page 38 3,551,380 548,150 247,600 4,34'711~ 591,200 OSC Municipality Code 470379000000 (H) CAPITAL PROJECTS Balance Sheet ~.'- Assets Cash In Time Deposits TOTAL Cash' " . ~/',y",'.",'...;.q, Accounts Receivable TOTAL Olher ililcelvables (nel) State & Federal Receivables TOTAL Stale And Federal Aid Receivables Due From Other Funds TOTAL Due From Olher Funds Due From Other Governments TOTAL Due f;rom Olher Governments TOTAL Assets TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 Page 39 __nlill 9,406,685 H201 7,809,523 . 7,809,523 30,500 H380 60 80 1,004,500 H410 561,225 581,225 778,297 H391 263,616 283,G1~ . 759,803 H440 465,859 OSC Municipality Code 470379000000 (H) CAPITAL PROJECTS Balance Sheet TOTAL ACcounts Payable Retained Percentages, Cont Pay TOTAL Retalne.t~,rceritages Bond Anticipation No"te~ P~yable TOTAL Notes Payable Due To Other Funds Appropriated TOTAl.: Unresiilliecfr'ond Balance - Appropriated , " ...... ". , ........................ Unreserved Fund Balance Unappropriated TOTAl<UnreservllefFund Balenee - Unappropriated TOTAL <Non-Current< GOvernment Assets TOTAL Noii-Current Government Assets TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 - 350,056 350,056 374,030 11,720,000 249,158 ,....".................,... is;');;;'' Page 40 5,567,107 -6,280,565 H600 199,357 199,357 240,511 240,511 ':L.","'............. 9,914,000 H605 H626 H630 H911 -9,949,354 ~,949;354 -1,~60,572 \w,'.:'j: )'<:9;100,282 OSC Municipality Code 470379000000 (H) CAPITAL PROJECTS Mise Revenue, Other Govts TOTAL Intergo;ie:mmenlal Charges Interest And Earnings TOTAI..,II~of Money'And Refunds of Prior Year's Expenditures Gifts And Donations Unclassified (specify) Additional Description Sale of Sanitary Flow Credits TOTAL Mlsceiiineous Local Sources St Aid, Other Home And Comm Serv TOTAL Slate Fed Aid - Cap Projects Interfund Transfers TOTAL Interfund Serial Bonds Bans Redeemed From Appropriations TOTAL Procaeds of Obligations TOTAL Other Sources TOTAL Delail Revenues And Other Sources TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 ~I!I- Page 41 7,200,274 7,200,274 295,989 ,295,989 ' ' 15,307 500,150 36,000 1,047,250 3,080,704 316,969 3,000,000 1,115,095 4,432,064 16,607,7~ H2389 H2401 H2701 H2705 H2770 H3989 H4097 H5031 H5710 H5731 5,824,319 5,824,319 472,592 ,', 472,592 26,000 125,000 , 151,000 3,977,824 3,977,824 1,116,533 1,116,533 217,218 217,218 1,278,545 1,218,645 1,495,782 13,038,031 OSC Municipality Code 470379000000 (H) CAPITAL PROJECTS Results of Operation TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 TOTAL, Debt !""~rest TOTAL ExpendilUre;o, TOTAL Detail EXplil!:dilures And Other Uses 737,902 H19972 186,770 'i~tjij..no ;~~::~~f~1_,8~~ v'a; 69,182 ',69,~~: . :~iiJGW2 214,721 , ,,' 1"214,721 21:4,721 4,680 ';;4,680' ','~,68O' 3,194 '"..Mll:4.: 235,231 H30972 h_f>ks~~~~t231- ; :" - :;'&,:<<;1;',>"') ,'> ," b, - 23:5'~,~1- 2,098,420 H51972 2,O'~~~O 2,0'98;420' , H69972 20,536 H71102 :!;~ 20';536 -;~}2of66-" - ", .'0.'",'+,', 1 ,594,963 H87972 1,694;963 10,270,995 H89892 1O',27O',996~;'r I', ,11,865,958'" ; --y->." -, 4,429 39,086 H97107 H97307 Detail Expenditures And Other Uses General Gov!, Equip & Cap Outlay TqT~[il~e!1~rilr-(i6y!~~<' - ,- ;_tj~:~~~~~'_;~ ,_ TOTAL Gene'ril(G~eiit Support , - .;00.0''''''')>_ Public Safety Cap proj TOT ALJ~lI!!lic, SafetY Cap ProJ, " TOTAL Public safetY :_JYJ,yV - Highway, Capital Projects T01;AL"Highwa1 TOTAL;'Transporl!'li~~: Other Econ & Dev, Equip & Cap Outlay TOTAL 9tJi"~,Econ a; Oev ;':'"$:''';''' ' rOT AL' Eco'nomlc As$istance And OpportunitY, - ,.,0} , _ )-',''''',,'' .'>''''''_ Parks, Equip & Cap Outlay TOTAL Parks ' TOTAL Culture And Recreatlo~{ , ' , Sanitation, Equip & Cap Outlay TOTAL Sanitation' :;:I~ Mise Home & Comm Serv, Equip & Cap Outlay ~ :v/:' ~ '" TOTAL MI"c;,Hl!me & Camm Serv TOTAL Home And Community Services ", " , \ ,~" :, ' Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes Page 42 -:'5~1i;oo1iijfi63")- . " ""'<EWe<" 15,O'O'!,5~L .> "'~'i*:';F'M~;L;;"3686 l'.i.i' "1~ J7J>F~ /.1,_ '. "'''_~'''~ ""~"." '\ ~3,!,'6;1~5 2,074,503 2,O'74.~3 11,026,127 11,0'26;127 13,10'0',630' 2,083 103,885 OSC Municipality Code 470379000000 (H) CAPITAL PROJECTS Changes in Fund Equity TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year Page 43 -2,319,633 H8021 -713,458 -2,319,633 H8022 -713,458 16,607,738 13,038,031 15,001,563 13,685,145 -713,458 H8029 -1,360,572 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (K) NON-CURRENT GOV ASSETS Balance Sheet -.i::J88tillDtlO.... Assets Land Buildings Improvements Other Than Buildings Machinery & Equipment Construction Work In Progress Infrastructure -11I- Page 44 49,986,031 8,114,623 16,074,544 12,723,542 14,782,738 72,176,911 .. K101 K102 K103 K104 K105 K106 60,555,270 11,874,107 16,838,892 13,250,341 13,167,285 72,839,933 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (K) NON-CURRENT GOV ASSETS Balance Sheet C'rtrl--..-r. Non-Current Government Assets Total Non-Current Govt Assets TOTAL Investments in Noil:ciJrr8ntGovernment'~:i,' TOT~L'~on'~~~t::6C)v~~?"!VJi:,~.~t.i.. . ..,.~!:';':L';::~?;;:Y'; .,. TOTAL Non-Current,flovemmeni Assets 173,858,390 K159 188,525,828 Page 45 OSC Municipality Code 470379000000 (SF) FIRE PROTECTION Balance Sheet Assets Cash In Time Deposits TOTAL Cash c' Due From Other Funds TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 - - 27,767 SF201 27,767' 92,199 SF391 86,470 56,488 Page 46 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (SF) FIRE PROTECTION Balance Sheet Non-Current Government Assets Accounts Payable , .....:.. ..:..'.....t;;>..:'....."'.f,:.:.:..:.:.::...'..":.......><. ....:.h':.: TOTAL ~!1ts Payilbl~i"i?i(;,... Deferred Revenues TOTAL 12,656 SF600 12,656 Unreserved TOTAL Unreserved FuJ!'il'i3alance - Appro~r1~" Unreserved Fund Balance Unappropriated Page 47 OSC Municipality Code 470379000000 (SF) FIRE PROTECTION Results of Operation TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 Detail Revenues And Other Sources Real Property Taxes TOTAl.: Real Property TaXM Interest & Penalties On Real Prop Taxes TOTAL Real PrOper:tY Tax Items Interest And Earnings TOTAL Use of Money ~!Jll)>'roperty TOTAL: R.iji1\\%!!0!=rIF~'; ^q ^ ~ 'I'\~~ 413,058 SF1001 458,043 " H ;458,043 604 604 5,594 290 SF1090 Page 48 2,688 SF2401 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (SF) FIRE PROTECTION Results of Operation Detail Expenditures And Other Uses Fire Protection, Contr Expend 414,282 SF34104 459,705 Page 49 OSC Municipality Code 470379000000 (SF) FIRE PROTECTION Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 Page 50 13,356 SF8021 15,111 13,356 SF8022 15,111 416,037 464,241 414,282 459,705 15,111 SF8029 19,648 OSC Municipality Code 470379000000 (SM) MISCELLANEOUS Balance Sheet Assets Cash Cash In Time Deposits Petty Cash TOTAL Cash Accounts Receivable State & Federal Receivables TOTAL State. And Federal M~~i~a~les Due From Other Funds TOTAL Due From Other Funds Prepaid Expenses TOTAL TOTAL TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 ,'.:;<,::; Page 51 22,384 SM200 268,338 SM201 1,536 SM210 SM380 48,767 SM410 310,258 SM391 24,487 SM480 27,665 200,345 1,536 11,646 1,781 192,092 '192,092 '.'h. ,......:." 25,131 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (SM) MISCELLANEOUS Balance Sheet Non.Current Government Assets Accounts Payable Revenues 95,871 SM691 100,228 , ,":100;228 149,068 115,741 SM600 Page 52 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (SM) MISCELLANEOUS Results of Operation 1lIR'KtI...... ....- Detail Revenues And Other Sources Real Property Taxes 474,650 SM1001 281 SM1090 1,884,373 SM1289 18,449 SM2389 "~~,+t,~,~i ' 13,377 SM2401 6,858 SM2450 SM2650 0 39 SM2701 SM2705 684 SM3089 412,974 SM4089 476,285 "','dH_,'.ifi"','.,:, TOTAL Real P~p,e!!l~T,~f!S Interest & Penalties On Real Prop Taxes \ ", ,.......,.. "'-',', <:..,>-j:<1If.,."t,;.:'>>-:::.:..... ,)", TOTAL Real property Tax Items Other General Departmental Income 527 2,013,784 Mise Revenue, Other Govts ",',,"",""', --">1>;<<:"",-,'" .. .,' """""""":' TOTAL Intergovernmental Charges , Interest And Earnings Commissions TOTAL Use of Miiii"Y'And ,.",..",,,.,,...., "','"",_..",._i",,,";...,',,_, Sales of Scrap & Excess Materials ',,:'):"'.:':. ::'::',,:::::',','1';:2::'/";.;':,::,:, i"" ,- "": "':-:"::::"'::.:. ',".'..'.::<.::..:..' TO:r:ALSale c;>fPi:ollerty And Compensation For Loss Refunds of Prior Year's Expenditures Gifts And Donations 18,905 15,395 7,173 750 240 2,619 " ,~,8~9 SI Aid, Other Aid (specify) Federal Aid - Other TOTAL 20,063 Page 53 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (SM) MISCELLANEOUS Results of Operation Detail Expenditures And Other Uses Other Gen Govt Support, Cantr Expend 118,748 SM19894 Insect Control, Pers Serv Insect Control, Cantr Expend Insect Control, Empl Bntts 27,910 24,761 6,551 SM40681 SM40684 SM40688 130,911 ,130,911 ., t,130;!1,1: 43,257 56,062 3,878 Other Transportation, Pers Serv Other Transportation, Ewuip & Cap Outlay Other Transportation, Cantr Expend Other Transportation, Empl Bntts T(;1l:'~~:9th,,~!!.porta,lJ.oJ', ,:, TOTAL Transportation ":+"~;,, .;;t" Mise Home & Comm Serv, Cantr Expend 1,126,359 729,001 457,944 340,022 SM56801 SM56802 SM56804 SM56808 16,942 SM89894 1,066,158 346,371 506,418 332,474 18,602 Debt Principal, Serial Bonds 182,569 SM97106 TOTAL Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes 1,676 SM97107 37,941 SM97307 TOTAL Debt Inlsmf' , TOTAL ,Ex~ndltures TOTAL:Detliil ExpenClitures And Other Uses ' ""'""""""",.,,,,,.,...... .,<......".;;1/;+..'....'".,.',....."....... .......,..,:...'.'..T.'.'.'..,...",,>..,..........., 39,617' 3,070,426 , 150,000 107,561 47,306 164,867 2,808;998 Page 54 OSC Municipality Code 470379000000 (SM) MISCELLANEOUS Changes in Fund Equity TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year Page 55 722,893 SM8021 464,155 722,893 SM8022 464,155 2,811,686 2,555,743 3,070,425 2,808,998 464,155 SM8029 210,899 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (SP) PARK Balance Sheet Assets Cash In Time Deposits TOTAL Accounts Receivable TOTAL Other R!"'!lvables (net) Due From Other Funds TOTAl9,ye,fro",'oili8'r Funcls Prepaid Expense TOTAL P TOTA~ , 341,099 SP201 412,821 SP380 150 150 183,117 SP391 108,472 761 SP480 1,015 Page 56 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (SP) PARK Balance Sheet Non-Current Government Assets Accounts Payable TOTA~~c~if~~~ble Due To Other Funds TgJ~~~~-~,jo'qJ~'!~fi!ui~'l~;: Due To Other Governments 19,258 SP600 9,295 SP630 22,935 ,,~21!3l; 27,026 Reserve For Encumbrances TOTAL ~eserV81or Encumbrances ,'~,." ..dOC.".'''' Unreserved Fund Balance Appropriated TOTAL Unreserved,Fund Balanc:e ';A!>proprlated Unreserved Fund Balance Unappropriated TOTAL 60,000 SP910 231,757 . ;:i~SO;OOO '.../dV'd...",.."'..... 219,274 Page 57 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (SP) PARK Results of Operation Detail Revenues And Other Sources Real Property Taxes TOTAL~~rOpertY Taxes ~,~ . Interest & Penalties On Real Prop Taxes TOTAL R8!!~pei1y T6iti.':ri.f. Interest And Earnings TOTAL Use.oIMoney AndPillp:erty , ..... _,' .....,.".""'";"'00~._._._..o . " Sales of Scrap & Excess Materials Insurance Recoveries TOTAi::,Sale.o'.P..operty And Com~iillat(on For Loss Unclassified (specify) "'...>>,mt00),(,0...\,e'" TOTAL ~!s.C8l1an8Qp"[l;<>cal Sources 886.830 SP1001 285 SP1090 13,162 SP2401 7,840 SP2650 SP2680 7,840. 41,998 SP2770 909,727 597 ,~, 'f, ;(~97; 61,428 2,100 . 2,1~9t 18,070 Page 58 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (SP) PARK Results of Operation Detail Expenditures And Other Uses Parks, Pers Serv Parks, Equip & Cap Outlay Parks, Contr Expend Parks, Empl 8nfts 292,794 SP71101 254,876 SP71102 319,942 SP71104 16,869 SP71108 341,906 207,699 284,713 48,566 Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes TOTAL DebfPrinclpal Debt Interest, Serial Bonds 40,000 SP97106 45,000 SP97306 ;4!i.OO~ 5,651 SP97107 6,229 TOTAL TOTAl- ExpeJ\clllllres Transfers, Capital Projects Fund 40,000 SP99509 58,000 TOTAL OPerati~g.l~nsfersA'c': "':', TOT,,{;'DetaIl EXpenditures And Other Uses . , ..,.,.'....0'..; , ..."".."."""..:2+......... ........" Page 59 OSC Municipality Code 470379000000 (SP) PARK Changes in Fund Equity coaiiimLd ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity. Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 Page 60 - 331,053 SP8021 311,036 331,053 SP8022 311,036 950,115 991,922 970,132 992,113 311,036 SP8029 310,845 OSC Municipality Code 470379000000 (SR) REFUSE AND GARBAGE Balance Sheet TOWN OF Soulhold Annual Update Document For the Fiscal Year Ending 2006 Assets Cash In Time Deposits Petty Cash TOTAL Cash """> " "...."..,....- .....,...0/>11'_'. Accounts Receivable .. "-:" ..;.(..:.;.:<........ -."" .... ..<c.;<'h;;:-:-.-;;:.>'.,~.:., T~TA!- Ot"'~lyabl~(~i~I'~ " State & Federal Receivables TOTAL"Slat8"Alfaf~deraIAld Receivables "."i.y........,. .." ..".- .j Due From Other Funds TOTAL Due From Other Prepaid Expenses .. '-.";T;' ,. ....,...;.>;..t.;,.,:- TOTAL prepaid exPenses .. ...'"-.,.-.,.... ............................ TOTAL ASsets " Page 61 - 887,522 SR201 400 SR210 128,495 SR380 SR410 596,670 SR391 596,670 47,231 SR480 779,449 400 " 1""&39i .. .-,;-;.-",,;tifl_,+;>> 79,607 344,865 40,985 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (SR) REFUSE AND GARBAGE Balance Sheet Non-Current Government Assets Accounts Payable TOTAL AC~!!J':a!!:1!~yable Due To Other Funds TOT~"Due To Othar,f'un~s Deferred Revenues ^ ,. "^~ 196,981 SR600 280,717 20,700 SR630 "'.>,.".' 0 '>C'-""-, 469,209 SR691 480,886 TOTAL De TO!~~ Unrt9served Fund TOTAL: Un.....llI11aFund Bala "',::i."":::'.""''''.;''''''' ",'00<",__',., _.'.', ,.., "@:"/"":""",,,., -'''',' ~:':'<-::.'.0.\:.,..".., -:.>>..+:+ TOTAL. No"n~u"'!~"~~llVernment TOTAL NOiI::Purrent Government Ass Page 62 OSC Municipality Code 470379000000 (SR) REFUSE AND GARBAGE Results of Operation TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 Detail Revenues And Other Sources Real Property Taxes TOTAL R~!, proPllrbr Taxes Interest & Penalties On Real Prop Taxes iOTAL R~tl?roperly faliti8",~. Refuse & Garbage Charges TOTAbeep:'rtlno"tal Mise Revenue, Other Govts TOT At: Int8rgovemmental ChargeS Interest And Earnings ,'''C'',..'':::"""""'.. TOTAL Use of Mon~,Aild Properly Permits, Other TOTAL L1ce!!~ lind Pelln'lts ' Sales of Scrap & Excess Materials Insurance Recoveries ".:, ;",'::':'''':C{"nMi0rY~ TOTAl.: !l.~le of Properly And Refunds of Prior Year's Expenditures TOTAL MI!Cellanellus Local.SourceS ,'''J?:'.'."': SI Aid. Other Aid (specify) Additional Description NYS DEe TOTAL Stale IIlit TOTAL ,Reven':'ils . TOTAL Pelall Revenues And Ouler Sources Page 63 1,889,840 SR1001 907 SR1090 1.769,587 SR2130 1,013 SR2389 46,521 SR2401 160,765 SR2590 100,581 SR2650 SR2680 74,543 SR2701 SR3089 2,331,033 2,330 1,606,052 4.043,758 1,809 86,847 156,548 128,924 1,600 45 79,607 79,607 4,394,795 4,394,795 OSC Municipality Code 470379000000 (SR) REFUSE AND GARBAGE Results of Operation Detail Expenditures And Other Uses Refuse & Garbage, Pers Serv Refuse & Garbage, Equip & Cap Outlay Refuse & Garbage, Contr Expend ", ,', <,:..,.:;.:::,.",.P:....,.;;'..'"'n TOTAL Refuse,& Garbage ':,S;l,~':~ T()~AI, Hom'~<<cl>mmunlty Services State Retirement, Empl Bntts Social Security, EmplBnfts Worker's Compensation, Empl Bntts Disability Insurance, Empl Bntts T()!AL Emplbyee Benefi~, Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes TOTAL Debt Principal , ..... ..,../...;{...,....," Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes Interfund Loans Transfers, Other Funds TOTAL TOTAL TOTAL Detail EXPenditures And Other Uses TOWN OF Soulhold Annual Update Document For the Fiscal Year Ending 2006 851,411 68,856 1,814,299 SR81601 SR81602 SR81604 960,588 441,020 1,999,046 , 07,806 65,133 34,418 26,513 SR90108 SR90308 SR90408 SR90558 220,000 SR97106 402,790 SR97306 622,.I9,~:, 50,003 41,067 SR97107 SR97307 SR97957 239,751 SR99019 Page 64 111,220 72,734 49,349 22,080 225,000 485,810 46,379 125,443 138 :171,960 <....:,;.</i>.:..;; :4,~(llQii7: 219,174 , 219,174 OSC Municipality Code 470379000000 (SR) REFUSE AND GARBAGE Changes in Fund Equity TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year Page 65 PI.___ 851,717 SR8021 851,717 SR8022 4,043,758 3,922,048 973,427 SR8029 973,427 973,427 4,394,795 4,757,981 610,242 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (55) 5EWER Balance Sheet Assets Cash In Time Deposits 207,486 55201 255,821 1,289 55360 TOTAIiOtherR.~;r'vibiG(nr8tFh . ~..' n'.':. .,"""k".->. ....',.,..,.. '<,',,' ,",.',," "" ,.; Due From Other Funds 5,077 55391 11,952 Page 66 OSC Municipality Code 470379000000 (55) 5EWER Balance Sheet Non-Current Government Assets Accounts Payable TOTAL ACCOu~ts~;o/a~I& Due To Other Funds TOTAL Due To Other,Funds ^",c....s..0.....L -. _ __,..._""'~k'_~~yy Deferred Revenues TOTAL "beferred Revenues TOTAL LI.~IIIt1es ;j:t;t~~" Un'reserVe(r"FG0~d B~lance Appropriated TOWN OF Southord Annual Update Document For the Fi5cal Year Ending 2006 62 55600 76 55630 173 """ ," "173 4,587 55691 4,056 Unreserved TOTAL Unreserved Fu TOT~~J!On-9!j:~t GOY " TOTAl; "Non..current Govemment,Assets 77,300 55910 131,903 55911 Page 67 OSC Municipality Code 470379000000 (55) 5EWER TOTAL 13!a,I,Property Taxes Interest & Penalties On Spec Assessments Sewer Charges TOTAL ~Dep.irtmentaH!"SI?l)le Interest And Earnings TOTAL Use of Money And Property Refunds of Prior Year's Expenditures TOTAL Mlsc<814fneous LoCal Sources TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 --- Page 68 137,450 551001 22,790 1,614 551030 1,614 24,404 98 551091 32 43,653 552122 44,563 7,856 552401 11,366 ~ 11,366 4,621 552701 ,60,365 60,365 OSC Municipality Code 470379000000 TOWN OF Soulhold Annual Update Document For the Fiscal Year Ending 2006 (55) 5EWER Results of Operation ~~_._....~ Detail Expenditures And Other Uses Sewage Treat Disp, Cantr Expend TOTAL'Sewage TOTAL 31,442 5581304 22,406 22,4p6 22,406 Social Security I Empl Bnfts Worker's Compensation, Empl Bnfts 129 5590308 82 5590408 TotAl.,~mPI()~~j=Jji;t!fitS :'~':'}Efl0~~t<':,; Debt Principal, Serial Bonds 2,250 5597106 2,030 Debt Interest, Serial Bonds 225 5597107 405 TOTAL,Expeilditures TOTAL Detail Expendituniil'A'nd Other 08811' :,4,';",,' . _ ".,.......f....', ........"..0'..... ...........,.................................... " Page 69 OSC Municipality Code 470379000000 (55) SEWER Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity-Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity-End of Year TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 Page 70 48,039 558021 209,203 48,039 558022 209,203 195,292 80,365 34,129 24,841 209,203 558029 264,727 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (SS) SEWER Budget Summary Estimated Revenues And Other Sources Est Rev - Real Property Taxes Est Rev - Real Property Tax Items Est Rev - Departmental Income Est Rev - Use of Money And Property , '. ....................:. .... :::.. ,.-. ....::.,,:..:.... ~-.t.>Ct.T: TOTAL Approp~l!tlId}':undBali'"ce " Appropriated Fund Balance 22,790 SS1049N 18,296 SS1099N 20 27,700 SS1299N 19,700 4,000 SS2499N 8,000 77,300 SS599N 102,300 Page 71 OSC Municipality Code 470379000000 (SS) SEWER Budget Summary BCifiID- Appropriations And Other Uses App - General Government Support App - Home And Community Services App - Debt Service TOTAL t<pp(llprtattC!"" ' TOTAU~lB"riattons' And Other Uses TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 ... 5,000 124,350 2,440 SS 1999N SS8999N SS9899N 5,000 141,000 2,316 Page 72 OSC Municipality Code 470379000000 (TA) AGENCY TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 UL_.---- III ,u Time Deposits TOTAL Due From Other Funds TOT AL~\!~~oni Ou.8(:Funds Other Assets 13,789,303 1,152,968 14.~2:271 7,044 40,655 TA200 TA201 8,411,898 902,299 TA391 12,601 T A489 59,504 Page 73 OSC Municipality Code 470379000000 (TA) AGENCY Balance Sheet TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 Non-Current Government Assets Due To Other Funds TOTAl~Oue To Other Funds " Due To Other Governments TOTAl!O\l,,:To Other Governments State Retirement Group Insurance Income Executions Assoc & Union Dues Guaranty & Bid Deposits Bail Deposits Page 74 -- 556,798 T A630 117,647 '. '<117.&47 "'<"-"".'~""'" 13,340,179 TA631 8,151,228 8.151.2~ TA18 TA20 68 TA23 307 8,813 TA24 925,151 TA30 1,117,121 158,961 TA35 OSC Municipality Code 470379000000 M DEBT SERVICE Balance Sheet Assets Mise Current Assets TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 Page 75 V489 20 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (V) DEBT SERVICE Balance Sheet 1I'i\iif~..~......... .'- ~~~'-- Non-Current Government Assets Other Liabilities TOTAL Other Llabllllies .' .; . TOTAI:.!,J!b!lItles ~;:.,.:;",,:.: .1' . ; , Unreserved Fund Balance Unappropriated TOTAL Un'nlser1(ed Fund Ba,lance , Unapproprl TOTAL Nq!i;slj~~c;y'~~j\s ;; TOtAL Non:cil'lTfrrrGove""iO~MASsets V688 V911 Page 76 OSC Municipality Code 470379000000 (V) DEBT SERVICE TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 "-........ TOTAL Unclassified (specify) Additional Description Fiscal Agent Sale/Redemption of SLUG Advanced Refunding Bonds TOTAL 6ilf;"Sources TOTAL Delan Revenues And^Otlll",S~U~^ - I!8IIEIii!tIftP.::ftI'IliR V2401 15,926 V2770 1,049,817 2,380,000 V5791 Page 77 ^ <1;0!5.743 OSC Municipality Code 470379000000 (V) DEBT SERVICE Results of Operation eolfe--- ~ Detail Expenditures And Other Uses Fiscal Agents Fees, Contr Expend TOTAL Fiscal AuJ!pttl Fees TOTAL General GovemmenfSupport Debt Principal, Serial Bonds TOTAL Debt Principal ,..,.,>',....,..,...,..,........ .. .., Debt Interest, Serial Bonds TOTAL Qebt Interest" TOTAL Exi!il)dit~res Repayments To Ese Agent Adv Ref Bonds TOTAL"Olher """"",;,.",/, TOT ALD~tall Expenditu'l'" A!ld Olher Uses TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 170,000 V13804 V97106 V971 07 27,123 Page 78 2,210,000 V99914 1,038,600 1,038,600, 1.l!88,723 OSC Municipality Code 470379000000 (V) DEBT SERVICE Changes in Fund Equity TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year Page 79 2,380,000 2,380,000 V8021 V8022 V8029 1,065,743 1,065,723 20 OSC Municipality Code 470379000000 TOWN OF South old Annual Update Document For the Fiscal Year Ending 2006 (W) NON-CURRENT GOV LIABILITY Balance Sheet ----------.----..- ,'''''''--''' __-l!Wllt_ Assets Total Non-Current Govt liabilities Page 80 18,298,924 W129 17,824,759 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2006 (W) NON-CURRENT GOV LIABILITY Balance Sheet Non-Current Government Assets Judgments And Claims Payable Compensated Absences TOT...GOtlter LlabHlties Bonds Payable 220,000 W686 5,779,826 W687 6,475,661 6,415,661 12,299,098 W628 11,349,098 Page 81 OSC Municipality Code 470379000000 TOWN OF South old Statement of Indebtedness For the Fiscal Year Ending 2006 Indebtedness Not Exempt From Constitutional Debt Limit [Bond Anticipation Note No. 2004006b6f- [Month and Year of Issue [Purpose of Issue ..... . . ,t.ur-rent Interest Rate . --- - Outstanding Beginning of Ye.!lr Issued During the FiscaIY~ar_ _jdo not include renewals here) Eaid During_theFiscal Year . (do not include renewals here) . . 9utst'!!1~ing End of the Fiscal Year Final Maturity Date_~__ --==="]EDPC6D~[ . ...Amoulll =e_ _ --l----- 4/23/2004~ . . T j!EltSweeper/Payloader ..... ._-~[---- --~ u~~r 20'~ _--.--J~P18765 II 62,000] ]~P187~[ 143,000] [ ]1 4/23/2009: _I -- ----- t----~-~~- __ ____J --~~~ - !EDPCODE Amount --l _ 9/8/20061 "=---=---C=__Jr:I1..e.rgency Generators[ .. -~~~6~j.E~ . ..... . .03731 '[ .. r---._ . ._ ~763+~~===- - 175,000] - .....J___~_ I !2P18765 1'- ._... ~~P18767 .' 175,000 ._ I 9/8/201 11 ."-1'--- if _ j I~QPCODE L Amoun ]I r 5/11/2001 I ~]~.eiver CompLJter Pro II[ -... -~0325 . _______.I2P18761 r------_31,00~ =--=--~--_. . ![f'~8!~3==L=_ _~ .- i~P18765 [C--32,000[ ._~______~~~~_6:_ I~ n5il()/~ 1___ 1[- _______ ~EDPCODE' - -Amount .. -Ie_ _ JI 4/22/200~ . .._..JL...:..:.:: -1115~f'Le~al Settlemenl .. _ ..~2P18761 I?~~ ----]2"'1876311 . ..0 -1--...... ..... .. -=:J~P18765 ..-,....- -==lI2P18767~F__ -.- .-L___...JI:---- . ~Ol1dAr1tiCipation Note N-o: 2006000661- ~orlth and Year of Issue -- Purpose of Issue __ [Current Interest Rate [Outstanding Beginning of Year [SsUed During th.e_.l:i!;~~LYea~_ (do not include rEln.e.:'V..'li~~ereL . Paid During the Fiscai Year____ o Jd.'Jnot include renewals here) .. !Outsta.n_di~g End of the Fiscal Year____ Final Maturity Date r------- 'm --- Bond Anticipation Note_t-!.o..2001000001 Month and Year of Issue Purpose of Issue .current Interest Rate PLJt!;ta_n~eginning of Year lssued During the Fiscal Year (do not include renew~Il;_~Elr~ Paid During the Fiscal..'(El<3r_ (do not include renewals heret_. O..LJ~s.!?:~lr1g End of the Fiscal Year Final Maturity Date f-- . . - -~~.~-~~~_~.___ _ ~_~_____ __... _m. ____ _ __ --- ---------- -- - ----- Bond Anticipation Note No. 2005000001 Month and Year of Issue [Purpose of Issue ~;enti;;ierest Rate -- putstandinjl Beginning of Year ~ssued During the Fisc<3l. Year I (do not include renewals ~er~) !Paid During the Fiscal Year ... (do not include renewals here). IQu!~~anding_lOnd of theFiscal Year Final Maturity Date 165,009 475,000. 412272015! .J Page 83 OSC Municipality Code 470379000000 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 20.0.6 Indebtedness Not Exempt From Constitutional Debt Limit !~1~~:;~~I~~~!~f~~~~~O~2o.o.~~~~o.:~~ _ m ~===1~~~r==:;:=!ol1 ~~~!==~r~~::~r--==~==----_.- -. -.-I~p-1.~~61.1I-.u ...:~:::=~~~ (do not include renewals here) :J2P18763 lei --- . _____ 0..]1 Paid During thEl.fJ~(;aIYear _ ou\~~a~~~~~c~:: ~~~he:;::c:~~~ar--- ~~j~~ -t--~~==~9-~/11 a~1 :Final Maturity Date I II . !EDPCODEJ AmounJ I I' 9/14/20.0.1 i Rich Park Phase III! -lp18761- '--=_5~~~~ Bond Anticipation Note No. 2o.o.1o.o.o.o.Q:3.__ Month and Year of Issue Pu~e~~e_'2fl~~~._ Current Interest Rate - _________ ___________ __ __'0- - ..------------------------ ---- :Outstanding Beginning of Year !Issued Durin the Fiscal Year (do not include renewals here) IPaid During the Fiscal Year I . (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date r--~---~--_.--_..---.-"------,.-.----.~- I e. P18763 0. . . - ------~P18765-------- P18767 , - 56,OOQ 0.; 9/13/2o.o.6! L __ . i~~~~hA;~~i~:~~~f~~~~~o 20.0.200.00.0.2. .... . .IIE[)f'CQbE-.- 8/;o.~20o.~n1~ b~~~;~tl~:~;::~eRate .-r-----~_e~~Eltt land.fillc!o5*J5 9utstanding Beginning of Year_____~==_=_~_~_~~P18761 ! 794,866 !ssuedDuring the Fiscal Year______J ____~_ , (do not include renewals here) . ..-. . ..-.. ------'~P18763 !Paid During the Fiscal Year. . . ... T . - ! r (do not include renewals. here) - . . -P18765 :' 16utstanding End of the Fiscal Year _. P18767, ~~---~~~"~~-~~-~-~- ~-,.~~-.~"~ll--~-.- ,Final Maturity Date .. . .. II 0. 234,866 560.,0.0.0. 8/30./20.0.4 IElond Anticipation Note No 20.0.50.00.0.62 !'Aonth and Year ()flssue . . u_ . un IPurpose of Issue - - .. !current Interest Rate :Outstanding Beginning of Year IsSiJed-6:W:lng-the Fiscal Year ____ :~(do ~ot in~u!le renewa~~re)_ Paid During the FiscaLYear (do not include renewals here) !Outstandin End of the-F-iscal Year ,_.. --- -"- [Final Maturity Date I iIEbf'CODEI -Amount II . __41~~/.2o.~ -. . ----11- -:::_ ,~fer Station ExpanSion, II. II ---~ I~P18761 II 3,25o.,o.o.d .. un .1~P187~1 0 -r----]I ..~~- ~--~]~P18765~T . ------]~P1fl767 ..11 L__J 125,0.0.0. 3,125,o.o.Q ---1 4/22/20.10. Page 84 OSC Municipality Code 470.3790.0.0.0.0.0. TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2006 Indebtedness Not Exempt From Constitutional Debt Limit Amoun~ 9/12/2003. ,Brushes Creek Bridge "~~~~~~I , ___l ~ _ .0373 ,_~_r187611 .., 225,00~ ~-----'-'~---12. 'P18763"1 . ,~ .n --==:9 L___~L---~---~'---' "'1 (do not include renewals here) .. ..gpJ1l16f5:~ putstanding End of the Fiscal Year ' , .. !iP18767 I Fin~1 Maturity Date ~__ , .. .... ! ~_ .,~.', -~~__~"..._-~~~==_______J__n sondAnticipation Note'No.2664606603 n -----.- --I[E6PCoDE 'Month and Year of Issue~-----=~~~=~=~______ ]l~ ' , purpose of Issue .~_____~__~___Il R;urrent Interest Rate~~.-~---------n~, Outstandin Be innin of Year .. .~.. 2P18761 Issued During the Fiscal Year ,. --..l I (do not include renewals here) . ----12p18763 [Paid_ During the Fiscal Year __ ~ ~__~ ! (do not include renewals here)~ P18765 [Outstariding End of the Fiscal Year P18767 I'_"__~~' u,_ -'-- if'.inal Maturity Date "._~.._. --lEDPCODET Bond Anticipation Note No. 2003000002 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Be inn in of Year Issued During the Fiscal Year (do not include renewals here) :Paid During the Fiscal Year r m 134,009 91,000 9/12/2007 I Il~ - Amoun 9/10/2004 11_...lcJv.il1J::lall Annex III F~~~l==11'~~ , II'" "-~-~=--~-l I~_ __oj 1Cl____ '~ _ n_1 !e 30,0~ T 80,000i !! 9/10/2009 .. J '" 'fEDPCODE: Amount 1 9/12/2003 ~==Cm__n},!e'l/ London t erm~~aJ ____ J n, i .0370 !2P18761 r-------~i,72?,OOq ___ _~'=1 P18763_ j ~ n__:_:]~~:;~~_ "~~___ 1 ,~~~:~~~ . ,.. ,. 'T~-----nl 9/12/2006 ~.L____ n_ll lEbPCO[)E IL__~/~4~2ifb11 ~ "._" 1 .. _ I W<1.termain Extensionl =-___~ _ I ~_ .11.._ ~ ".~ ]P18761 Fl-- u__ ~__5~,OO~ ___-=---~P18763 II 0: nL I~__ I2p187651! ~---~I2P18767 ji =-=---r---" 'I .... ~~~.-._.._---~ --- --- Bond Anticipation Note No. 20039..09.99.1, Month and Year of Issue IPurpose of Issue ,Current Interest Rate Outstandin Be innin of Year ,Issued During the Fiscal Year ,- [(do not include renewals here) ~d During the Fiscal Year , (dorlot include renewals'here) butstanding End o(tl1eFiscal Yea;: Fir1~Matur.ilY..~<l~____, [Bond Anticipation NoleNo.2001000064 !Month and Year oI~sue ._____._.__ IPurpose of Issue iCurrentlnterest Rate pjJtstandir1..g_~inning of Year !,ssued During the Fi~c?I_'!'~<l~ , (do not include renewal~..her.,)_ P<;ii.d.During the FiscalYear , (do not include renewals here) _~._u__ ()utstanding Endof the Fiscal Year !Final Maturity Date ,--"--- - 59,01)0 o 9/13/2006 Page 85 OSC Municipality Code 470379000000 TOWN OF South old Statement of Indebtedness For the Fiscal Year Ending 20.0.6 Indebtedness Not Exempt From Constitutional Debt Limit P18763= P18765-~ ---------------------- =-=----- P18767 [Bond Anticipation Note No, 200300.0004 Month and Year of Issue Purpose of Issue ,Current Interest Rate _ Outstanding Beginning of Year .Issued During the Fiscal Year ,_ (do not include renewals here) :paid During the Fiscal Year [- (do not include renewals here) loutstanding End of the Fiscal Year ,Final Maturity Date Bond Anticipation Note No_ 2002000001 Month and Year of Issue Purpose of Issue 'Current Interest Rate 'Outstanding Beginning of Year 'Issued Durina the Fiscal Year (do not include renewals here) Paid During the Fiscal Year , (do not include renewals here) Outstandina End of the Fiscal Year i'"inal Maturity Date __________ iBond Anticipation Note No_ 20.04000004 [Month and Year of Issue !purpose of Issue ------ Current Interest Rate putstanding Beginning of Year _ _______ Ilssued During the Fiscal Year :_ - (do not include renewalshere) Paid During the Fiscal Year r'- - . - ~-_. ----.---~- !.__1d~_ot include renewals here) Outstanding End of the Fiscal Year Final Maturity Date - --- - -- Bond Anticipation Note No_ 2003000005 Month and Year of Issue Purpose of Issue ICurrent Interest Rate IOutstanding Beginnin~Year ~ During the Fiscal Year r . - -- -- '--~_._.. 1 (do not include renewals here) Paid During the Fiscal Year ___ _ 1 (do not include renewals here ) IOutstanding End of the Fiscal Year final Maturity Date !~ -.- --~--,--- --------,--- _ _ _ _ EDPCODE Amoun 9/12/2003 Highway Equipmen .0373 240,000 P18761 o P18761 80,000 ---- --------------"-,, 160,000 9/12/2008] [ Amoun 9/13/200.2 Brushes Creek Bridge .0135 2~~ . - {opc66i: -- -- - P18763 o P18765 2P18767 ] - 1-- IEDPCODE Amourl ------~ - ------ --PoliCe car~~0~2e~~~ I, .0.373 I~P18761 128,000 J 2P18763 23,00.0 a 9/12/2007 OJ ! 2P18765 2P18767 43,0.00.1 85,0.00.1 --~~~~"~-~~~.~~~~~ 9/10/2009, --~:=----I6~~~Er-- _ _ _ _9/~2720a~ni 1_ J r.1_a!lfl~ement System .0373 P18761 35,000 ------{P18763 -- 1. - 0' .. - - ----T--__.---1[----m------- ______ __gF>i8i6~J~= - -----~--15,605 ]2P18767 I~ 20,000 JE===~i =----a _ 9/12/2008 Page 86 OSC Municipality Code 470379000000 TOWN OF South old Statement of Indebtedness For the Fiscal Year Ending 2006 Indebtedness Not Exempt From Constitutional Debt Limit IB6iidA-niTCTPatlonNote No. 2001000005 [E-OPCODEI 1~~r~~S~n:f ~ses~eOf Issue ....- '-~_~=~~==t._ __ II CLlrriintlnterest Rate ---------------1--- --- "1 !Outstanding Beginning of Year_ gP18761 !ssued During the Fiscal Year . ___.__~ Ipa~~oD~~~ni~~~u:~i~~:7~:~r here) ~=--:--lfP18763. r ~,:~::~~:~;:::":-;'~~:~~n_____ _ f:::;:J Elond Anticipation Note No. 2003009_()()~__~ --------[EOPC=:J ~~r~~s~~~~~~~_ue ._ .__. ..'--l--~=] Amoun 9/14/2001 Police Patrol Vessel ... .02471 -_._-~ o I 14,00~ 9/13/206~ .. I Amounl 9/12/2003 IiBC .1f!1e.~()\Ie~~I'ts Current Interest Rate ---- , - --- -. .0373 - -_...._--~.~_.~_._-~~.~~.~- Outstanding Beginning of Year P18761 r---~~100,00Q Issued During the Fiscal Year ! I (do not include renewals here) - . P18763 't J IPaid During the Fiscal Year ..~-... -- -::::=::---=1. __~ I . (do not include renewals here) ..... .. -. - ". ... .'l~~~~ ~I .... 60,000 Ic)utstanding End of the Fiscal Year 40,000 .. tlnal Maturity Date .J_ IE 9/12/2008 ------ ----~- i . - __~EDPC05E1r-- Amounl . I -ii---- 4/27/2001] l__JngLand Devel()e.ment I -- - .0366 0-... ]2P18761 .., 2,240.000 _._----:_~~-~----I. .. . :' . :~.1~j13~j __ 11___ _.J _ _ _ _1~18765 JI_ ____f:~-87~~L jEDPC05EII -- 'I _O"~ o_~~~~..~+_~_~__~ _ _.n .---.-li- I I _0'- -----'i~~-~-~-- 'Bond Anticipation Note No. 2001000007 Month and Year of Issue IPurpose of I~sue _ -- ---..- Current Interest Rate ,Outstanding Beginning of Year Ilssued During the Fiscal Year I . (do not include renewals here) faid During tile Fiscal Year !(do not include renewals here) r __m_ ,Outstanding End of the Fiscal Year final Maturity Date .' ......J P18761 i' .....mm .:--- ]ZP18763 IL ..-.-1 ..J .-..-._ 2P18765-r - 12P18767 c==--=. :1 O! __~__ i 75,~ 2,165,00 _ __4/27i200~ --Amounl -4I25i2Oo~ Compost L_<;l~c1: .0366 670,000 .'-'j 9 I 25,0001 645,0001 ....4/27/20061 I Bond Anticipation Note No. 2003000.0g8___ Month and Year of Issue Purpose-of Issue !C'urrent Interest Rate IOutstanding Beginnina of'Year ~ssued During the Fiscal Year' (do not include renewals here) [Paid-During the Fiscal Year :. (do not inclu'de renewals here) Outstanding End of the Fiscal Year. Final Maturity Date ..... _ .___ L__ Page 87 OSC Municipality Code 470379000000 TOWN OF South old Statement of Indebtedness For the Fiscal Year Ending 2006 Indebtedness Not Exempt From Constitutional Debt Limit ISoiiCi7\ritfC]patTOnNote No.2003.0Q0009 Month and Year of Issue ,Purpose of Issue !E-DPCODE!i' . 4/;5~2o: I Grffing Sl. Parking Lot [Current Interest Rate . -- ---- --- .. -----, -- .0366 ---------. IOutstanding Beginning of Year P18761 , 138,OOC I Ilssued During the Fiscal Year ~'-~m..j .f:1.fl.763 I 0 (do not include renewals here) ,Paid During the Fiscal Year -~.- .1 . I ---- j (do;'-otlnCiude renewals here) 2P18765 II 72,0001 IOutstandina End of the FiscalYear I2P18767 r--- 66,000 IFinal Maturity Date ,i 4/25/20081 c 1 .. ----- n , [Bond Anticipation Note No. 2003000010 'Month and Year of Issue f'urpose of Issue __. Current Interest Rate' Outstanding Beginning of Year Issued During the Fiscal Ye~~ (do not include renewals here) :Paid Duringthe Fiscal Year -. . -'~- -=== iTdOiioiincliide renewals here)" n. . --- butstandingEnd of the .Fis~al Year Final Maturity Date ~CODEil Amoun '=JL . ... j 8/30/2001 u.=:::JL ~'~=Iic.kett.~an_dfill CIO;OU~O P18761 T --325,134 P18763 r'- 0 ,Bond Anticipation Note No. 20q~Q00003 Month and Year of Issue [PUrpOSe of Issue ICurrentlnterest Rate [)uistanding Beginning of Year [Issued During the Fiscal Year , (do not include renewalshere) !".<lid During the Fisc;al Year u (do not include renewals here) O_utstanding End of the Fiscal Year ,Final Maturity Date I 1____- ]2P113765 ~ '~P1~7.67 il ----.J===LLL."_ .. ~c.....==[__-' ..LLL.:.J .. . ~ODE1~"'9/~2i~ u . II Strawberry Fields' .-.-.== ii" .0373 .mELP18761 : 120'001 :1 lP1.87:~][.~_._ 01 ... 2:i-~f~~ r-' :~:~~~ '! 9/12/2008~ 325,134 o 8/30/2004 r j .... --ll--' .... .. r--L------- I .._.----.JC.. .L'~ ..1.. ._J .... IU 'll . ..12P18885 1___ Amount 11,720,00 175,000 1,981,000 .~ 9,914,0001 - ! otal Bond Anticipation Note Outstanding Beginning of Year 'ssued During Fiscal Year IPaid During Fiscal Year 'Outstanding End of Year . . ... Bond Anticipation Notes Redeemed FromE3ond Proceeds During Fiscal YEJ<jr 702,455 Page 88 OSC Municipality Code 470379000000 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2006 Indebtedness Not Exempt From Constitutional Debt Limit IBona-NO:-20040000b9 .-----.-JEJ5PgOD-Ell AmoUii1 Month and Year of Issue . ~ . ----:r_ .. 9/15/2004! ,Purpose of Issue .. _, 'Maltituc;k Park Distric~ ICurrimt Interest Rate 1---=== " ..,. ,.. .0314 butstanding Beginning of Year 1[P187711[~'=~'-- 200,00'1 lssued During the Fiscal Year I]~ .. ,__~..J IPa~~oD~i~ni~~~u:~i:6:~~:~r here) ---.~~ JP18773,J . , _ n. , '. .J I. (do not include renewals here) P18775 L_,_ 45,OO~ pUtstanding End of the Fiscal Year P18777.'------- 155,000 Final Maturitx[)ate 9/15/200~ I ____J ill 'Bond No. 2004000008--..._ =-lIEDPCODEII' - Amolinl !Month and Year of ISsue .1. 7/22/2004 i;;~~~;~tl~:~:~eRaie~--~-==__~~. ,,----L~__n~~t~g-ue Landfill ~I02s~i~ ,Outstanding Beginning of Year_ P18771 3,569,09~ !ssued During the Fiscal Year I I 1 (do not include renewals here) ,l2P18773 . ,',.' .. 61 !Paid During the Fiscal Year I~ .u. I (do not include renewais here) -..,.. P18775 .._.~25,0001 Outstanding End of the Fiscal Year ..".., P18777 3,344,0~ L~~aturity Date __ _n _ ...JL 2/15/201,~ ~ond No. 2000000007 . ilEDPCODEIC Amoun IMonth and Year of Issue IC=_ _f _ 5/1/1999 Pur~()se of Issue -=.J___ "n Space Preservation Current Interest Raten~-~-=r' 'j"'1 "'n. 4)0~ I . putstanding Beginning of Year P18771 , .., 1,420,000 Ils.s!,led During the Fiscal Year _ ;c ~a~~OD~i~ni~~~u:~i:6:~~:~/ere) P18773 . [' .... .'... 'J ;~~~~:~~~7;":w;~:y;,,----=-~_}l~~~~~~: ~Bond No. 2000000006 - ---- -I,EDPC9_'2~ n., ._.- Amount [~~r;,~.h~ff!!u,.re~=:__,___n_~_..j, .' tral LandPre~~U:~;~ ~~~:;:~~:";~:~:::' _ --=!P'~_11~8~.77?7.~3'f=~~0~ i' (do not include renewals here) -- ~_ ~:~~~~ni~~t~:i~;~~::~r here) ~---. =k~~~' -- iQ!!tstanding End of the Fiscal Year _, _ - - ~P18777 L t:aIMaturity_~ - - '~---~__T .~ --F 90,000 1,320,0001 ,..,,~~/2.j Page 89 OSC Municipality Code 470379000000 TOWN OF South old Statement of Indebtedness For the Fiscal Year Ending 2006 Indebtedness Not Exempt From Constitutional Debt Limit !EDPCODEli Amounl Bond No 2005000004 Month and Year of Issue j= j . .. 2/8/2005 IPurpose of Issue -. ...... ]1 l~fundingSerial Bonds ~urrent Interest Rate . [-..... 2.5000! , utstanding Beginning of Year 2P18771 11=,' 2,100,0001 Issued During the Fiscal Year 11-._- .~u.,_. r (do not include renewals here) 2P18773 ,I 0 , faid During the Fiscal Year -,~ '~ I(cjO nC;i"include renewals here) LP18775 245,OOC putstandina End of the Fiscal Year -lP18777 1,855,OOC Final Maturity Date I 2/15/2015 ---- -~.-. - .""._..._.~J~. ! ! --- - - ----. [S0r1dN02006000014.. !Month and Year of Issue IPurpose of Issue Current Interest Rate Outstandin Beginnin of Year 'Issued During the Fiscal Year (do not include renewals here) [Paid During the Fiscal Year , (do not include renewals here) ,Qu.!Standing End of the Fiscal Year [Final Maturity Date "__U~_n_. [E:DPC05E]i Amoun1 T ,I 3/1/2005 . .__"::'~_____L~ ...JNew London Terrn~ ,"~=~--~==j~~1 '2,850~~~ ..~~~]... ~ -~7'75..L__, 150,000 .d P18777 ;,_~_~_2.J'00,00q ~~_.__m~Jt ... 9/1/202_1 '=-e.D~.c-~L2/~j109U;~ j ]1 .. FI Landfill ~Iosure T 11 3.9000' ~87:i1-:I_'_ 150,000 . ~ -= 1'--- ----.J . ~;~;;=t~. ,d .'- - J_ .... ,II' 12/15/im [lond No. 2005000003 Month and Year of Issue Purpose of Issue . !current Interest Rateh butstallding Be inning of Year Issued During the Fiscal Year (do not include renewals here) IPaid D!Jr!ng the FiscaIY~a!:.... I (do not include renewals here) OlJtsta~ding End of the Fiscal Year :Final~~!urity Date Page 90 OSC Municipality Code 470379000000 TOWN OF South old Statement of Indebtedness For the Fiscal Year Ending 2006 Indebtedness Not Exempt From Constitutional Debt Limit Isond No. 2000000002 . . ~EDPCODET- - --- ------------- Amoun Month and Year of Issue ... J 2/15/1991 Purpose of Issue ........___J [. Various iCurrent Interest Rate _ n -=-=J1 6.3750 Outstanding Beginning of Year _.~- 1~18771 600,0001 ,Issued During the Fiscal Year I ~ . _ (do not include renewals here) op18773 " --'--g - --~- ~aicl.D~rin~_t~_~fiscal Year I: I .--,- n. 100,000 500,000 ._~/15/20111 ------~ Amoun 12,299,098 o 950,0@ _---.1.1.?49,Q981 (do not include renewals here) Outstanding End of the Fiscal Year final Maturity Date 1 . [cial Bond n' -- 'Outstanding Beginning of Year 1~!;u~.ctDuri~g Fiscal Year ~_ ~ raid During Fiscal Year putstanding_t=.ncl of Y.El<lr 01 *************************************************************************************************************************************** *************************************************************************************************************************************** Total of All Indebtedness Includes Total of Bonds and Notes - Exempt and Not Exempt Total Bond - j' nn] Amoun Outstandin Be innin of Year .::] -=== 24,019,098 Issued During Fiscal Year ]C_~ 175,000 Paid During Fiscal Year f -==t 2,931,000] Ou~tanding End of Year .. .__~....J ____?'I,?6.3,O~8] Page 91 OSC Municipality Code 470379000000 TOWN OF South old Schedule of Securities for Collateralization For the Fiscal Year Ending 2006 General Municipal Law, Section 10 as amended by chapter 708 Laws of 1992 lists the types of securities which may be pledged for collateralization. Please click in the response box next to the type(s) of securities used by banks as collateral for your deposits. Yes 1. Obligations issued by the United States of America, an agency thereof or a United States sponsored corporation or obligations fully insured or guaranteed as to the payment of principal and interest by the United States of America, an agency thereof or a United States government sponsored corporation. 2. Obligations issued or fully guaranteed by the International Bank for Reconstruction and Development, the Inter-American Development Bank, the Asian Development Bank and the African Development 3. Obligations partially insured or fully guaranteed by any agency of the United States of America, at a proportion of the market value of the obligation that represents the amount of the insurance or Yes 4. Obligations issued or fully insured or guaranteed by this state, obligations by a municipal corporation, school district or district corporation of this state or obligations of any public benefit corporation which under a specific state statute may be accepted as security for deposit of public moneys. 5. Obligations issued by states (other than this state) of the United States rated in one of the three highest rating categories by at least one nationally recognized statistical rating organization. 6. Obligations of Puerto Rico rated in one of three highest rating categories by at least one nationally recognized statistical rating organization. 7. Obligations of counties, cities, and other governmental entities of another state having the power to levy taxes that are backed by the full faith and credit of such governmental entity and rated in one of the three highest rating categories by at least one nationally recognized statistical rating organization. 8. Obligations of domestic corporations rated in one of the two highest rating categories by at least one nationally recognized statistical rating organization. 9. Any mortgage related securities, as defined in the Securities Exchange Act of 1934, as amended, which may be purchased by banks under the limitations established by federal bank regulatory agencies. 10. Commercial paper and bankers' acceptances issued by a bank (other than the bank with which the money is being deposited or invested) rated in the highest short-term category by at least one nationally recognized statistical rating organization and having maturities of not longer than sixty days from the date they are pledged. 11. Zero-coupon obligations of the United States government marketed as "Treasury Strips". 12. Letters of Credit. 13. Surety bonds. Page 93 OSC Municipality Code 470379000000 TOWN OF South old Schedule of Time Deposits and Investments For the Fiscal Year Ending 2006 EDP Code Amount CASH: On Hand Demand Deposits Time Deposits Total 9Z2001 9Z2011 9Z2021 $2,22000 ------- $11,587,474.00 $18,034,245.90 _$29,623,~~9.00 COLLATERAL: - FDIC Insurance Collateralized with securities held in possession of municipality or its agent Total $1,100,000.00 9Z2014 9Z2014A $40,706,761.00 $41,806,761.00 INVESTMENTS: - Securities (450) Book Value (cost) Market Value at Balance Sheet Date 9Z4501 9Z4502 Collateralized with securities held in possession of municipality or its agent 9Z4504A - Repurchase Agreements (451) Book Value (cost) Market Value at Balance Sheet Date 9Z4511 9Z4512 Collateralized with securities held in possession of municipality or its agent 9Z4514A Page 94 OSC Municipality Code 470379000000 TOWN OF Southold Investment Certification For the Fiscal Year Ending 2006 DEFINITIONS: Repurchase Agreement - A generic term for an agreement in which a government entity (buyer-lender) transfers cash to a broker-dealer or financial institution (seller-borrower); the broker-dealer or financial institution transfers securities to the entity and promises to repay the cash plus interest in exchange for the same securities or for different securities. Reverse Repurchase Agreement - An agreement in which a broker-dealer or financial institution (buyer-lender) transfers cash to a government entity (seller-borrower); the entity transfers securities to the broker-dealer of financial institution and promises ro repay the cash plus interest in exchange for the same securities or different securities. RESPONSE 1) Has your Local Government adopted an investment policy as Yes required by General Municipal Law, Section 39? 2) The following investments are permitted by your investment policy. * Obligations of the UNITED STATES Yes * Obligations of the U.S. Government Agencies, guaranteed by Yes the UNITED STATES Government * Obligations of the STATE of NEW YORK Yes * Obligations of other NEW YORK STATE Local Governments Yes * Other Yes 3) 4) Do you engage in reverse repurchase agreements? Are Repurchase Agreements authorized by your investment policy? No Yes Name: John Cushman Title: ~own Comptroller Phone Number: (631) 765-4333 Page 95 )SC Municipality Code 470379000000 Bank Account Number Bank Balance TOWN OF South old Bank Reconciliation For the Fiscal Year Ending 2006 Include All Checking, Savings and CD. Accounts Add: Deposit In Transit Less: Outstanding Checks Adjusted Bank Balance Page 96 TOWN OF South old Local Government Questionnaire For the Fiscal Year Ending 2006 1) Does your municipality have a written procurement policy? 2) Have the financial statements for your municipality been independently audited? If not, are you planning on having an audit conducted? 3) Does your local government participate in an insurance pool with other local governments? Response_ Yes Yes Yes 4) Does your local government participate in an investment pool with other local governments? Yes 5) Does your municipality have a Length of Service Award Program (LOSAP) for volunteer firefighters? No 6) Does your municipality have a Capital Plan? 7) Has your municipality prepared and documented a risk assessment plan? If yes, has your municipality used the results to design the system of internal controls? Yes No 8) Have you had a change in chief executive or chief fiscal officer during the last year? 9) Does your municipality have access to the internet? Does your municipality have an official E-mail address? If yes, what is it? Does the chief fiscal officer have a separate E-mail address? If yes, what is it? Do you have a web site? If yes, what is the official address of the web site for your municipality? No Yes No Yes scott. russell@town.southold.ny.us Yes southoldtown. northfork. net Page 97 OSC Municipality Code 470379000000 CERTIFICATION OF CHIEF FISCAL OFFICER , hereby certify that I am the Chief Fiscal Officer of _, and that the information provided in the annual I, ~<;()tt Russell the Town of Southold financial report of the Town of ~outholdm , for the fiscal year ended 12/31/2~0_6__ , is TRUE and correct to the best of my knowledge and belief. By entering the personal indentification number assigned by the Office of the State Comptroller to me as the Chief Fiscal Officer of the Town of Southold , and adopted by me as my signature for use in conjunction with the filing of the ,.own of ~outhold's annual financial report, I am evidencing my express intent to authenticate my certification of the annual financial report for the fiscal year ended 12/31/2006 Town of South old's and filed by means of electronic data transmission. John Cushman Name of Report Preparer if different than Chief Fiscal Officer Scott Kuss~__________ Name (631) 765-4333 Telephone Number SupervjsQfm Title POBox 1179.&.outhold,NY 11971 Official Address 04/25/2007 (631)J6~: 1]00 _ Official Telephone Number Date of Certification Page 98 Municipality Code 470379000000 TOWN OF SOUTH OLD Notes To Financial Statements December 31,2006 A. Summary of Sianificant Accountina Policies The financial statements of the Town of Southold have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The more significant of the government's accounting policies are described below. 1. Financial Reportina Entity The Town of Southold, which was established in 1640, is governed by its Charter, the Local Municipal Law and other general laws of the State of New York and various local laws. The Town Board is the legislative body responsible for overall operations, the Supervisor serves as Chief Executive Officer and as Chief Fiscal Officer. Basic services provided include public safety, health, transportation, economic assistance and opportunity, culture and recreation, and home and community services. All governmental activities and functions performed for the Town are its direct responsibility. No other governmental organizations have been included or excluded from the reporting entity. The financial reporting entity consists of (a) the primary government which is the Town of Southold, (b) organizations for which the primary government is financially accountable and (c) other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete as set forth in GASB Statement 14. The decision to include a potential component unit in the Town's reporting entity is based on several criteria set forth in GASB 14 including legal standing, fiscal dependency, and financial accountability. Based on the application of these criteria, the following is a brief review of certain entities considered in determining the Town of Southold's reporting entity. Certain special districts of the Town of Southold provide sanitation, ferry, and park services to residents and businesses within the districts. These special districts are organized under New York State Town law and have separately elected boards. Long- term debt backed by the full faith and credit of the Town and other financial matters result in a fiscal interdependency with the Town. Accordingly, these special districts have been determined to be component units of the Town of Southold and are presented discretely in a separate column in the combined financial statements to emphasize that they are legally separate from the primary government. These districts include the following: TOWN OF SOUTHOLD Notes To Financial Statements December 31,2006 A. Summary of Sianificant Accountina Policies (continued) 1. Financial Reportina Entity (continued) The Fishers Island Ferry District, established in 1947 Orient Mosquito District, established in 1916 Fishers Island Garbage and Refuse District, established in 1952 Cutchogue-New Suffolk Park District, established in 1953 Orient-East Marion Park District, established in 1969 Southold Park District, established in 1907 Mattituck Park District, established in 1941 Complete financial statements of these component units can be obtained from their respective administrative offices: Orient Mosquito District Main Road Orient, NY 11957 Cutchogue-New Suffolk Park District P.O. Box 311 Cutchogue, NY 11935 Fishers Island Garbage & Refuse District Fishers Island, NY 06390 Orient-East Marion Park District Route 25 Orient, NY 11957 Southold Park District P.O. Box 959 Southold, NY 11971 Mattituck Park District P.O. Box 1413 Mattituck, NY 11952 Fishers Island Ferry District Main Street Southold, NY 11971 2. Fund Accounting The Town of Southold uses funds and account groups to report on its financial position and the results of its operations. Fund accounting is designed to demonstrate legal compliance and to aid financial management by segregating transactions related to certain government functions or activities. A fund is a separate accounting entity with a self-balancing set of accounts. An account group, however, is a financial reporting device designed to provide accountability for certain assets and liabilities that are not recorded in the funds because they do not directly affect net expendable available financial resources. The Town records its transactions in the fund types and account groups described below: TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2006 A. Summary of Sianificant Accountina Policies (continued) 2. Fund Accountina (continued) Fund Cateaories Governmental Funds - Governmental funds are those through which most governmental functions are financed. The acquisition, use and balance of expendable financial resources and the related liabilities are accounted for through governmental funds. The measurement focus of the governmental funds is upon determination of financial position and changes in financial position. The following are the Town's governmental fund types. General Fund - the principal operating fund which includes all operations not required to be recorded in other funds. Special Revenue Funds - used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specific purposes. The following Special Revenue Funds are utilized: HiQhwav Funds - To maintain and operate highways. General Fund Part Town - To provide general services outside the Village of Greenport. Special Grant Fund - Segregate and account for projects funded by Community Development revenue. Special District Funds - To provide special services to areas that encompass less than the whole town. Capital Proiects Fund - used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by special assessment funds and trust funds). Fiduciary Funds - used to account for assets held by the local government in a trustee or custodial capacity: Trust and Aqencv Funds - used to account for money received and held in the capacity of trustee, custodian or agent. These include expendable trusts, non- expendable trusts, and agency funds. Account Groups Account Groups are used to establish accounting control and accountability for general fixed assets and general long-term debt. The two account groups are not "funds". They are concerned with measurement of financial position and not results of operations. TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2006 A. Summary of Siqnificant Accountina Policies (continued) Account Groups (continued) The General Fixed Assets Account Group - used to account for land, buildings, improvements other than buildings, and equipment utilized for general government purposes, except those accounted for in proprietary funds. The General Lonq-Term Debt Account Group - used to account for all long-term debt except that accounted for in proprietary and special assessment funds. 3. Basis of Accountinq/Measurement Focus Basis of accounting refers to when revenues and expenditures and the related assets and liabilities are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus. Measurement focus is the determination of what is measured, i.e. expenditures or expenses. Modified Accrual Basis - All governmental Funds and Expendable Trust Funds are accounted for using the modified accrual basis of accounting. Under this basis of accounting, revenues are recorded when measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Material revenues that are accrued include real property taxes, state and federal aid, sales tax and certain user charges. If expenditures are the prime factor for determining eligibility, revenues from federal and state grants are accrued when the expenditure is made. Expenditures are recorded when incurred except that: Expenditures for prepaid expenses and inventory-type items are recognized at the time of purchase. Principal and interest on indebtedness are not recognized as an expenditure until due. Compensated absences, such as vacations and sick leave, which vests or accumulates, are charged as an expenditure when paid Account Groups - General fixed assets are recorded at actual or estimated cost or, in the case of gifts and contributions, at the fair market value at the time received. No provision for depreciation is made. General long-term debt liabilities are recorded at the par value of the principal amount. No liability is recorded for interest payable at maturity. TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2006 A. Summary of Sianificant Accountina Policies (continued) 4. Encumbrances Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of monies are recorded for budgetary control purposes to reserve that portion of the applicable appropriations is employed in all funds. Encumbrances are reported as reservations of fund balances since they do not constitute expenditures or liabilities. Expenditures for such commitments are recorded in the period in which the liability is incurred. 5. Assets. Liabilities and Fund Eauity Receivables Receivables include amounts due from Federal, State, and other governments and individuals for services provided by the Town. Receivables revenues are recorded as earned or as specific program expenditures are incurred. Inventory - Materials and Supplies Inventory in the General Fund is valued at cost, using weighted average cost method. Inventory in these funds is accounted for under the consumption method. Property. Plant and Eauipment - General Fixed assets purchased for general governmental purposes are recorded as expenditures in the governmental funds and are capitalized at cost (or estimated historical cost for assets purchased prior to 1976) in the General Fixed Assets Account Group. Contributed fixed assets are recorded at fair market value at the date received. Fixed assets consisting of certain infrastructure type improvements other than buildings, including roads, bridges, curbs and gutters, streets and sidewalks, drainage and lighting systems, have not been capitalized. Such assets normally are immovable and of value only to the Town. Therefore, the purposes of stewardship for capital expenditures can be satisfied without recording these assets. No depreciation has been provided on general fixed assets, nor has interest on general fixed assets construction in progress been capitalized. Deferred Revenue Deferred revenues are those where asset recognition criteria have been met, but which revenue recognition criteria have not been met. Such amounts have been deemed to be "measurable" but not "available" pursuant to GAAP. TOWN OF SOUTH OLD Notes To Financial Statements December 31,2006 A. Summary of Sianificant Accountina Policies (continued) 5. Assets. Liabilities and Fund Eauity (continued) Lona-Term Obliaations Long-term debt is recognized as a liability of a governmental fund when due. For other long-term obligations, only that portion expected to be financed from expendable available financial resources is reported as a fund liability of a governmental fund. The remaining portion of such obligations is reported in the General Long-Term Debt Account Group. Fund Eauity - Reservations and Desianations Portions of fund equity are segregated for future use and therefore not available for future appropriation or expenditure. Amounts reserved for encumbrances, inventory, and insurance claims, represent portions of fund equity which are required to be segregated in accordance with State law or GAAP. Designations of fund balances in governmental funds indicate the utilization of these resources in the subsequent year's budget or tentative plans for future use. 6. Revenue and Expenditures Property Taxes Real property taxes for the ensuing year are levied annually and become a lien on December 1. Taxes are collected during the period December 1 to May 31, with the first half due January 10 and the second half due May 31. Tax payments made during the period December 1 to December 31 are recognized as revenue in the subsequent year. Taxes for county purposes (apportioned to the area of the county inside the Town of Southold) are levied together with taxes for town and special district purposes as a single bill. The towns and special districts receive the full amount of their levies annually out of the first amounts collected on the combined bills. The county assumes enforcement responsibility for all taxes levied in the towns (and for unpaid county taxes in the Town). Unpaid village taxes and school district taxes are turned over to the county for enforcement. Any such taxes remaining unpaid at year-end are relieved as county taxes in the subsequent year. TOWN OF SOUTHOLD Notes To Financial Statements December 31,2006 B. Stewardship. Compliance. Accountability Budaetarv Data 1. Budaet Basis of Accountina Budgets are adopted annually on a basis consistent with generally accepted accounting principles. Appropriations authorized for the current year are increased by the amount of encumbrances carried forward from the prior year. Budgetary controls for special revenue funds are established in accordance with the applicable grant agreement, which may cover a period other than the Town's fiscal year. Appropriate budgetary adjustments have been made to reflect these grant agreements during the Town's fiscal year. 2. Budaet Policies - The budget policies are as follows: a. No later than October 1, the Supervisor submits a tentative budget to the Town Board for the fiscal year commencing the following fiscal year. The tentative budget includes the proposed means of financing for all funds. b. After public hearings are conducted to obtain taxpayer comments, no later than November 20, the Town Board adopts the budget. c. The Town Board must approve all modifications of the budget. However, the Supervisor is authorized to transfer certain budgeted amounts within departments. 3. Material Violations of Finance Related Activities There are no material violations of finance-related provisions. TOWN OF SOUTH OLD Notes To Financial Statements December 31,2006 A. Summary of Sianificant Accountina Policies (continued) 6. Revenue and Expenditures (continued) Interfund Revenues Interfund revenues are quasi-external transactions in the operating funds that represent amounts charged for services or facilities provided by that operating fund. The amounts paid by the fund receiving the benefits of the service or facilities are reflected as an expenditure of that fund. Operatinq Transfers Operating transfers represent payments to the Risk Retention Fund and Capital Projects Fund from other funds for their appropriate share of the risk retention and capital projects. Insurance The Town assumes the liability for most risk including, but not limited to, property damage and personal injury liability. Judgments and claims are recorded when it is probable that an asset has been impaired or a liability has been incurred and the amount of loss can be reasonably estimated. Compensated Absences Vested or accumulated vacation or sick leave of governmental funds that is expected to be liquidated with expendable available financial resources is reported as an expenditure and a fund liability of the respective fund that will pay it. Amounts of vested or accumulated vacation or sick leave of governmental funds that are not expected to be liquidated with expendable available financial resources are reported in the General Long-Term Debt Account Group. No expenditure is reported for these amounts. In accordance with the provisions of Statement No. 16 of the Governmental Accounting Standards Board, Accounting for Compensated Absences, no liability is recorded for non-vesting accumulating rights to receive sick pay benefits. Total Columns on the General Purpose Financial Statements Total columns on the general-purpose financial statements are captioned "Memorandum Only" to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations or changes in financial position in conformity with generally accepted accounting principles, nor is such data comparable to a consolidation. lnterfund eliminations have not been made in the aggregation of the data. TOWN OF SOUTH OLD Notes To Financial Statements December 31,2006 B. Stewardship. Compliance. Accountability (continued) 4. Fund Balances 1. Certain funds of the Town apply to areas less than the entire Town. The fund equity at December 31,2006 is allocated as follows: General Fund (Town wide) $ 5,384,699 Special Revenue Funds General Fund Part Town 908,193 Highway Fund -- Town wide 16,929 Highway Fund -- Part Town 1,302,393 Special District Funds East-West Fire Protection 19,648 South old Wastewater Disposal 223,779 Fishers Island Sewer 40,948 Solid Waste Management 6,224 Discretely Presented Component Units Fishers Island Refuse & Garbage 604,017 Fishers Island Ferry 203,014 Cutchogue-New Suffolk Park 108,649 Southold Park 41,571 Orient-East Marion Park (5,631) Mattituck Park 166,256 Orient Mosquito 7,886 Total $9.028.575 Deficit Fund Balances The capital projects fund and the Orient-East Marion Park District had a deficit fund balance at December 31, 2006. The capital projects fund deficit will be eliminated as short-term debt is redeemed or converted to permanent financing. The Orient-East Marion Park District deficit will be eliminated through ensuing year's appropriations. C. Detail Notes on all Funds and Account Groups 1. Assets Cash and Investments Cash consists of funds deposited in demand accounts, time deposit accounts and certificates of deposit with maturities of less than three months. State statutes govern Town investment policies. In addition, the Town has its own written investment policy. Town monies are deposited in FDIC insured commercial banks or trust companies located within the state. The Supervisor is authorized to use demand accounts and certificates of deposits. TOWN OF SOUTH OLD Notes To Financial Statements December 31,2006 c. Detail Notes on all Funds and Account Groups (continued) 1. Assets (continued) Permissible investments include obligations of the U.S. Treasury and U.S. Agencies, repurchase agreements, obligations of New York State or its localities, and investments made by the Cooperative Liquid Asset Security System (CLASS). CLASS is a cooperative investment plan consisting of U.S. Treasury obligations and repurchase agreements relating to treasury obligations. The written investment policy requires that repurchase agreements be purchased from banks located within the state and that underlying securities must be obligations of the federal government. Underlying securities must have a market value of at least 102 percent of the cost of the repurchase agreement. Collateral is required for demand deposits and certificates of deposit at 102 percent of all deposits not covered by federal deposit insurance. Obligations that may be pledged as collateral are obligations of the United States and its agencies and obligations of the state and its municipalities and school districts. Deposits - All deposits, including certificates of deposits, are carried at cost plus accrued interest. Deposits at year-end were entirely covered by federal depository insurance or by collateral held by the Town's custodial banks in the Town's name. At December 31, 2006 the cash in banks was $29,623,939 and collateral held against cash in banks was $41,806,761 consisting of FDIC insurance and/or securities held in the name of the Town of Southold. Restricted Cash Restricted Cash consists of assessments collected by the Receiver of Taxes not yet remitted to the appropriate governmental entity. TOWN OF SOUTH OLD Notes To Financial Statements December 31,2006 C. Detail Notes on all Funds and Account Groups (continued) 2. Fixed Assets A summary of changes within the General Fixed Assets Account Group for the Town of South old for the year ended December 31,2006 is as follows: Primary Government: Land Buildings & Improvements Other Improvements Construction in Progress Infrastructure Machinery & Equipment Total Component Units: Land Buildings & Improvements Other Improvements Construction in Progress Infrastructure Machinery & Equipment Total Balance 01/01/2006 Additions $47,772,276 4,574,512 13,498,955 1,608,081 70,038,524 9.522.815 $147.015.163 $10,569,239 3,732,709 119,205 18,264 656,131 627.217 $15.722.765 Balance 01/01/2006 Additions $2,213,755 3,540,111 2,575,590 13,174,657 2,138,386 3.200.728 $24.090.639 $26,774 645,142 324,712 6,892 133.471 $1.136.991 Deletions $1,406,231 233.890 $1.640.121 Deletions $552,197 o $552 197 Balance 12/31/2006 $58,341,515 8,307,221 13,618,160 220,114 70,694,655 9.916.142 $161.097.807 Balance 12/31/2006 $2,213,755 3,566,885 3,220,732 12,947,172 2,145,278 3.334.199 $27.428.021 3. Interfund Receivables and Pavables Interfund receivables and payables for the primary government at December 31, 2006 were as follows: Fund General Fund Whole Town General Fund Part Town Special Revenue Fund Highway Fund Part Town East-West Fire Protection District Solid Waste Management District Wastewater Disposal District Fishers Island Sewer District Capital Projects Trust & Agency Totallnterfund Interfund Receivables $ 190,208 115,236 5,000 461,241 56,488 286,872 2,146 9,806 234,970 12.601 $ 1.374.568 I nterfu nd Pavables $1,218,085 106,987 33 $ 1.374.568 49,290 173 TOWN OF SOUTH OLD Notes To Financial Statements December 31, 2006 C. Detail Notes on all Funds and Account Groups (continued) 4. Due To/From Primary Government and Component Units Component Units: Fishers Island Refuse & Garbage District Fishers Island Ferry District Orient Mosquito District Cutchogue-New Suffolk Park District Southold Park District Orient-East Marion Park District Mattituck Park District Primary Government General Fund Capital Trust and Agency Totals 5. Indebtedness Amount Receivable Amount Pavable $ 57,993 182,783 9,309 16,414 35,659 3,475 52,925 27,026 242,564 28,646 117,614 387.204 $ 387.204 $ Short-Term Debt Liabilities for bond anticipation notes (BAN's) are generally accounted for in the capital projects funds. The notes or renewal thereof may not extend more than two years beyond the original date of issue unless a portion is redeemed within two years and within each 12 month period thereafter. State law requires that BAN's issued for capital purposes be converted to long-term obligations within five years after the original issue date. However, BAN's issued for assessable improvement projects may be renewed for periods equivalent to the maximum life of the permanent financing, provided that stipulated annual reductions of principal are made. To Be Redeemed 2007 Interest Budget Description Amount Rate Appropriations Bonds Various Purposes $ 6,619,000 3.66% $ 498,312 $ 6,120,688 Various Purposes 1,110,000 3.73% 579,000 531,000 New London Wharf 1,625,000 3.70% 125,000 1,500,000 Pickett Landfill Closure 560.000 3.76% 50,000 510,000 Total $ 9.914.000 $ 1.252.312 $ 8.661.688 TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2006 C. Detail Notes on all Funds and Account Groups (continued) 5. Indebtedness (continued) Lana-Term Debt a) At December 31, 2006 the total outstanding indebtedness of the Town, excluding the above obligations aggregated $11,349,098. Of this amount, $10,369,998 was subject to the constitutional debt limit and, combined with the short-term debt listed above, represented 3.35% of its debt limit. b) Serial Bonds - The Town borrows money in order to acquire land or equipment or construct buildings and improvements. This enables the cost of these capital assets to be borne by the present and future taxpayers receiving the benefit of the capital assets. These long-term liabilities, which are full faith and credit debt of the local government, are recorded in the General Long-Term Debt Account Group. The provision to be made in future budgets for capital indebtedness represents the amount exclusive of interest, authorized to be collected in future years from taxpayers and others for liquidation of the long-term liabilities. c) Other Lonq-Term Debt - In addition to the above long-term debt, the local government had the following non-current liabilities: . Compensated Absences - Represents the value of earned and unused portion of the liability for compensated absences. d) Summary Lonq-Term Debt - The following is a summary of long-term liabilities outstanding at December 31, 2006 by fund type and account group: General Discretely Long Term Debt Presented Liabilitv Account Group Component Unit Total Serial Bonds $ 8,494,098 $ 2,855,000 $ 11,349,098 Compensated Absences 6.475.661 6.475.661 Total Long-Term Debt Account Group $ 14.969759 $ 2.855.000 $ 17.824.759 TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2006 C. Detail Notes on all Funds and Account Groups (continued) 5. Indebtedness (continued) Lona-Term Debt (continued) e) The following is a summary of changes in the long-term liabilities for the period ended December 31,2006: Payable at beginning of Year Additions Deletions Payable at end of Year Bonds and Notes $ 12,299,098 950.000 $ 11 349.098 Compensated Absences $ 5,779,826 695,835 $ 6,475.661 Additions and deletions to compensated absences are shown net since it IS impracticable to determine these amounts separately. f) The following table summarizes the Town's future debt service requirements for Serial Bonds as of December 31, 2006: Year Endino 2007 2008 2009 2010 2011 2012-2016 2017-2021 Totals 6. Retirement System Plan Description Principal $ 979,098 995,000 1,025,000 1,000,000 1,025,000 4,100,000 2.225.000 $11.349.098 Interest $ 376,466 345,307 312,347 277,956 242,981 765,577 167.651 $ 2.488.285 The Town participates in the New York Employee's Retirement System, the New York State Policemen's and Firemen's Retirement System and the Public Employee's Group Life Insurance Plan (Systems). These are cost-sharing multiple-employer retirement systems. The Systems provide retirement benefit as well as death and disability benefits. TOWN OF SOUTHOLD Notes To Financial Statements December 31,2006 C. Detail Notes on all Funds and Account Groups (continued) 6. Retirement System (continued) The New York State Retirement and Social Security Law (NYSRSSL) govern obligations of employers to contribute and benefits to employees. As set forth in the NYSRSSL, the Comptroller of the State of New York (Comptroller) serves as sole trustee and administrative head of the Systems. The Comptroller shall adopt and may amend rules and regulations for the administration and transactions of the business of the Systems and for the custody and control of their funds. The Systems issue a publicly available financial report that includes financial statements and required supplementary information. That report may be obtained by writing the New York State and Local Retirement System, 110 State Street, Albany, N. Y. 12244. Fundinq Policy The Systems are noncontributory except for employees who joined the New York State and Local Employees' Retirement System after July 27, 1976 who contribute 3% of their salary. Under the authority of the NYSRSSL, the Comptroller annually certifies the rates expressed as proportions of payroll of members, which shall be used in computing the employers' contributions. The required contributions for the current year and two preceding years were as follows: ERS PFRS 2006 $1,096,547 $ 741,445 2005 $1,068,200 $1,016,937 2004 $ 992,023 $ 678,079 Since 1989, the Systems' billings have been based on Chapter 62 of the Laws of 1989 of the State of New York. This legislation requires participating employers to make payments on a current basis, while amortizing existing unpaid amounts relating to the Systems' fiscal years ending March 31, 1988 and 1989 (which otherwise were to have been paid on June 30, 1989 and 1990, respectively) over a 17-year period, with an 8.75% interest factor added. Local governments were given the option to prepay this liability. The Town elected to make the full payment on December 15, 1993, by issuing serial bonds to replace this debt. On May 14, 2003, Chapter 49 of the laws of 2003 of the State of New York was enacted which made the following changes to the Systems: . Requires minimum contributions by employers of 4.5% of payroll every year, including years in which the investment performance would make a lower contribution possible. TOWN OF SOUTHOLD Notes To Financial Statements December 31,2006 C. Detail Notes on all Funds and Account Groups (continued) 6. Retirement System (continued) . Changes the cycle of annual billing such that the contribution for a given fiscal year will be based on the value of the pension fund on the prior April 1st (e.g. billings due February 2005 would be based on the pension value as of March 31, 2003). On July 30, 2004, Chapter 260 of the Laws of 2004 of the State of New York was enacted that allows local employers to bond or amortize a portion of their retirement bill for up to 10 years. This law also requires participating employers to make payments on a current basis, while allowing local employers to bond or amortize existing unpaid amounts relating to the System's fiscal years ending March 31, 2005 through 2007. Chapter 260 of the Laws of New York State changed the annual payment due date for employers who participate in the New York State and Local Employees' Retirement System and the New York State and Local Police and Fire Retirement System. The December 15 payment due date changed to February 1. The covered salary period (April 1 - March 31) will not change for the calculation. The Town of South old has elected to fund its retirement billings currently. 7. Post Retirement Benefits In addition to providing pension benefits, the Town provides health insurance coverage and survivor benefits for retired employees and their survivors. Substantially all Town employees may become eligible for these benefits if they reach normal retirement age while working for the Town. Health care benefits and survivors' benefits are provided through either an insurance company or a self-funded plan whose premiums are based on the benefits paid during the year. The Town recognizes the cost of providing benefits by recording its share of insurance premiums or the actual benefits paid from the General Fund as expenditure in the year paid. During the year, $3,261,660 was paid on behalf of 93 retirees and 223 active employees and is recorded as expenditures in the General Fund. The cost of providing benefits for retirees is not separable from the cost of providing benefits for active employees. TOWN OF SOUTHOLD Notes To Financial Statements December 31,2006 C. Detail Notes on all Funds and Account Groups (continued) 8. Compensatory Absences Town employees are granted vacation and sick leave and earn compensatory absences in varying amounts. In the event of termination or upon retirement, an employee is entitled to payment for accumulated vacation and sick leave and unused compensatory absences at various rates subject to certain maximum limitations. Estimated vacation and sick leave and compensatory absences accumulated by governmental fund type employees have been recorded in the general long-term obligations account group. Accumulated vacation and sick leave are recorded as a long-term liability in the general long-term debt account group if payable from future financial resources, or as a fund liability and expenditures if payable from current resources. D. Commitments and Continaencies The Town is self-insured for medical insurance and general liability insurance. The amount of medical claims outstanding at December 31,2006 is $161,976. The amount of general liability claims outstanding at December 31, 2006 is $906. These amounts have been reserved against fund balance in the General Fund. The Town also has established an insurance reserve in the General Fund for medical and liability claims the outcome of which are presently unknown. 1. Landfill Closure and Post Closure Care Costs The Town ceased accepting waste at its Cutchogue landfill as of October 8, 1993. The Town entered into a stipulation of settlement with the New York State Department of Environmental Conservation in October of 1994 in which all charges of operational violations at the Cutchogue landfill were dropped. Under the stipulation, the Town agreed to close and place a final cover over the landfill and to pay a civil penalty of $650,000 over seven years. Construction of the final cover commenced in the summer of 2001 and was completed in the fall of 2003. In addition to placement of the final cover on the landfill, state and federal regulations presently require the Town to perform certain maintenance and monitoring functions at the site for up to thirty years. Actual costs associated with the placement of the final cover totaled $7,681,719. Financing for closure activities was provided through a $2,000,000 grant from the New York State Department of Environmental Conservation with the balance provided with a state subsidized loan through the New York State Environmental Facilities Corporation. Costs associated with post closure care will be covered by charges to future landfill users and future tax revenue. TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2006 D. Commitments and Contingencies (continued) 2. Lease Commitments and Leased Assets The Town leases property and equipment under operating leases. Total rental expenditures on such leases for the fiscal year ended December 31, 2006 were approximately $191,773. Future obligations over the primary terms of the Town's leases as of December 31,2006 are as follows: 2007 $ 109,823 2008 109,028 2009 107,348 2010 & thereafter 650,810 Total $ 977.009 E. Condensed Financial Statements for the Discretelv Presented Component Units The following represents condensed financial statements for the discretely presented component units as of and for the year ended December 31, 2006. Condensed Balance Sheet Assets and Other Debits Due From Current Primary Assets Government $ 434,075 $ 665,753 125,063 79,501 8,971 308,923 74.805 182,783 57,993 16,414 35,659 3,475 52,925 9309 Fishers Island Ferry District Fishers Island Garbage District Cutchogue-New Suffolk Park Dis!. Southold Park District Orient-East Marion Park District Mattituck Park District Orient Mosquito District Property Building & Eauioment $ 21,020,965 3,463,769 145,705 826,982 432,985 1,506,724 30.891 $ 1 697091 $ 358558 $ 27 428 021 Amounts to be Provided for Long-Term Debt $ 2,700,000 155,000 $ 2 855 000 Liabilities $ 231,061 61,736 16,414 37,930 14,602 142,668 66.919 $ 571 330 $ 2 855 000 Other Current Liabilities Bonds and Long-Term Liabilities $2,700,000 155,000 Condensed Statement of Revenues, Expenditures and Changes in Fund Balances Excess (Deficiency) of Revenues and Expenditures $ (228,755) (34,935) (17,079) 22,292 630 (6,033) (24.500) $ 418711 $ 288380 Fishers Island Ferry District Fishers Island Garbage District Cutchogue-New Suffolk Park Dis!' Southold Park District Orient-East Marion Park District Mattituck Park District Orient Mosquito District Revenues $ 2,477,046 652,047 141,917 358,691 27,693 463,621 78.697 $ 4 199712 Expenditures Capital Outlav $ 346,371 $ 164,862 54,854 96,379 400 56,066 25.944 $ 3324505 $ 744876 Current $ 2,054,563 459,505 104,142 240,020 26,663 362,359 77.253 Debt Service 304,867 62,615 51,229 #8347 STATE OF NEW YORK) ) SS: COUNTY OF SUFFOLK) Dina Mac Donald of Mattituck, in said county, being duly sworn, says that he/she is Principal clerk of THE SUFFOLK TIMES, a weekly newspaper, published at Mattituck, in the Town of Southold, County of Suffolk and State of New York, and that the Notice of which the annexed is a printed copy, has been regularly published in said Newspaper once each week for 1 week(s), successively, commencing on the 3rd day of Mav 3.2007. ~ll~ ~\~~~ Principal Clerk Sworn to before me this 2007 tt~ daYOf~ CJn' r>J.-..11'H I },-,!. ^"e LEGAL NOTICE IU-~ ~'lA.J~ NOTICE IS HERE BY GIVEN that -' ". theADnuslFinaDcialReportofthe~own CHRISTINA VOllt-' , of South old fOf the Fiscal Year 200618 on NOTARY PUBLIC. STATE or ') YOR~ file in the Southold To~ci~;k's office, No. 01 N061 Of. . .,J Southold Town Hall. 53095 Main Road, Qualified In Suffolh ,; f' y Southold, New York, and is available for public inspection and copying during Commission Expires Febru:.:.ill d 20(,,, regular business days and hours Monday through Friday, 8:00 A.M. to 4:00 P.M. Dated: April 26,2007 ELIZABETH A. NEVILLE SOUTHOLD TOWN CLERK 8347-IT 5/3 Affidavit of Posting on Town Clerk's Bulletin Board STATE OF NEW YORK) SS COUNTY OF SUFFOLK ELIZABETH A. NEVILLE, Town Clerk of the Town of Southold, New York being duly sworn says that on the 26tht day of April 2007 she affixed a notice of the annexed printed notice is a true copy, in a proper and substantial manner, in a most public place in the Town of South old, Suffolk County, to wit: Town Clerk's Bulletin Board. Southold. New York. 53095 Main Road. SouthoId. NY 2006 ANNUAL FINANCIAL REPORT OF THE TOWN OF SOUTH OLD r!'1;ib7TUJ.;cr.".,; ~ Elizab A. Neville Sworn to before me this eRr:.. day of ~ 200~. ~9~ Notary Public UNOI'. J COa?:~~ew York NOTAR~b~~~1~6~~ Suffolk cou~~ ~~mO~xPires December 31, 20 LEGAL NOTICE NOTICE IS HEREBY GIVEN that the Annual Financial Report of the Town of Southold for the Fiscal Year 2006 is on file in the Southold Town Clerk's Office, Southold Town Hall, 53095 Main Road, Southold, New York, and is available for public inspection and copying during regular business days and hours Monday through Friday, 8:00 A.M. to 4:00 P.M. Dated: April 26, 2007 ELIZABETH A. NEVILLE SOUTHOLD TOWN CLERK . . . PLEASE PUBLISH ONCE ON MAY 3, 2007, AND FORWARD ONE (1) AFFIDAVIT OF PUBLICATION TO ELIZABETH NEVILLE, SOUTHOLD TOWN CLERK, TOWN HALL, PO BOX 1179, SOUTHOLD, NY 11971. Copies to the following: The Suffolk Times Town Board Members Town Attorney Town Comptroller Town Clerk's Bulletin Board