HomeMy WebLinkAbout2004
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SOUTHOLD FIRE DISTRICT
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FINANCIAL STATEMENTS
AND SUPPLEMENTARY SCHEDULES WITH
INDEPENDENT AUDITORS' REPORT
December 31, 2004
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TABLE OF CONTENTS
December 31,2004
Palle
INDEPENDENT AUDITORS' REPORT
1
BASIC FINANCIAL STATEMENTS
Balance Sheet - Governmental Funds
2
Statement of Revenues, Expenditures
and Changes in Fund Equity - Governmental Funds
3
Statement of Fiduciary Net Assets - Fiduciary Fund
4
Notes to Basic Financial Statements
5
REQUIRED SUPPLEMENTARY INFORMATION
Statement of Revenues, Expenditures and Changes in Fund Equity
- Budget and Actual - General Fund
12
OTHER SUPPLEMENTARY INFORMATION
Schedule of Fire Protection Expenditures - Budget and Actual - General Fund
13
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COUGHLIN FOUNDOTOS
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CULLEN & DANOWSKI. UP
VINCENT D. CULLEN, CPA
lAMES E. DANOWSKI. CPA
JILL S. FICHTER. CPA
PETER F RODRIGUEZ. CPA
INDEPENDENT AUDITORS' REPORT
To the Board of Fire Commissioners
Southold Fire District
Southold, New York
We have audited the accompanying financial statements of each major fund and the fiduciary fund of the
Southold Fire District as of and for the year ended December 31, 2004, which collectively comprise a portion of
the Southold Fire District's basic financial statements required by accounting principles generally accepted in the
United States of America. These financiai statements are the responsibility of the Fire District's management.
Our responsibility is to express an opinion on these financial statements based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that our audit provides a reasonable basis for our
opinion.
Management has not presented government-wide financial statements to display the financial position and
changes in financial position of its governmental activities. Accounting principles generally accepted in the
United States of America require the presentation of government-wide financial statements. The amounts that
would be reported in government-wide financial statements for the District's governmental activities are not
reasonably determinable.
In our opinion, because of the effects of the matter discussed in the preceding paragraph, the financial
statements referred to above do not present fairly, in conformity with accounting principles generally accepted in
the United States of America, the financial position of the Southold Fire District as of December 31, 2004, or the
changes in its financial position or its cash flows, where applicable, for the year then ended.
Our audit was conducted for the purpose of forming an opinion on the financial statements that collectively
comprise the Southold Fire District's basic financial statements. The accompanying supplementary information
listed in the table of contents is presented for purposes of additional analysis and is not required part of the basic
financial statements. For reasons stated in the third paragraph above, the financial statements referred to do
not present fairly in conformity with accounting principles generally accepted in the United States of America, the
financial position of the governmental activity and the changes in financial position. Therefore, we do not
express an opinion on the accompanying supplementary information.
c.,~d:..~.. ('~~ Q. _~:~~p
February 8, 2005
1650 ROUTE 112. PORT JEFFERSON STATION. NEW YORK ]]776-3060
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PHONE: 631-473-3400' FAX: 631-473-4863' WWWCFCD.COM
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BALANCE SHEET
GOVERNMENTAL FUNDS
December 31,2004
Totals
Governmental Funds (Memorandum Only)
Capital Capital
General Projects Reserves 2004 2003
ASSETS
Unrestricted cash $ 176,006 $ $ $ 176,006 $ 191,434
Restricted cash 279,305 591,471 870,776 1,940,614
Accounts receivable 1,470 1,470
Due from other funds 18,745 18,745 67,171
Prepaid expenditures 1,299
Total Assets $ 196,221 $ 279,305 $ 591,471 $ 1,066,997 $ 2,200,518
LIABILITIES
Accounts payable $ 70,917 $ 10,966 $ $ 81,883 $ 189,440
Accrued liabilities 3,785 3,785 1,575
Due to other funds 458 43,445 43,903 92,329
Total Liabilities 75,160 54,411 129,571 283,344
FUND EQUITY
Fund balances:
Reserved for encumbrances 86,000 200,000 160,222 446,222 1,074,169
Reserved for capital projects 431,249 431,249 674,744
Unreserved - undesignated 35,061 24,894 59,955 168,261
Total Fund Eauitv 121,061 224,894 591,471 937,426 1,917,174
Total Liabilities and Fund Eauitv $ 196,221 $ 279,305 $ 591,471 $ 1,066,997 $ 2,200,518
See Notes to Financial Statements
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STATEMENT OF REVENUES, EXPENDITURES AND
CHANGES IN FUND EQUITY - GOVERNMENTAL FUNDS
For the Year Ended December 31, 2004
Totals
Governmental Funds (Memorandum Only)
Capital Capital Reserves
General Project Building Equipment 2004 2003
REVENUES
Real property taxes $ 1,152,763 $ $ $ $ 1,152,763 $ 1,113,012
Interest and earnings 11,980 1,543 4,842 18,365 23,413
Rentals 2,800 2,800 1,000
Insurance recoveries 1,501 1,501
State aid 3,000 3,000
Miscellaneous 70 70 140
Total Revenues 1,172,114 1,543 4,842 1,178,499 1,137,565
EXPENDITURES
Personal services 163,447 163,447 140,906
Equipment and capital outlay 144,882 919,965 89,658 1,154,505 788,076
Fire protection 362,427 362,427 335,450
State retirement system 14,671 14,671 4,163
Service award program 225,962 225,962 231,068
Social security 13,358 13,358 11,533
Workers' compensation 43,974 43,974 38,278
Medical and accident insurance 10,378 10,378 14,469
Principal retirement 100,000 100,000 100,000
Interest payment 69,525 69,525 73,275
Total Exoenditures 1,148,624 919,965 89,658 2,158,247 1,737,218
Excess (Deficiencv) of Revenues Over Exoenditures 23,490 (919,965) 1,543 (84,816) (979,748) (599,653)
OTHER SOURCES AND USES
Operating transfers in 50,000 50,000 50,000
Operating transfers (out) (50,000) (50,000) (50,000)
Total Other Sources (Uses) 50,000 (50,000)
Excess (Deficiencv) of Revenues and Other Sources
Over Exoenditures and Other Uses 23,490 (919,965) 51,543 (134,816) (979,748) (599,653)
Fund Equity - Beginning of Year 97,571 1,144,859 124,386 550,358 1,917,174 2,516,827
Fund Eauitv - End of Year $ 121,061 $ 224,894 $ 175,929 $ 415,542 $ 937,426 $ 1,917,174
See Notes to Financial Statements
Page 3 SOUTHOLO FIRE OISTRICT
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STATEMENT OF FIDUCIARY NET ASSETS
- FIDUCIARY FUNDS
For the Year Ended December 31, 2004
Fiduciary (Memorandum
Fund Only)
Trust And
Agency 2003
ASSETS
Due from other funds $ 25,158 $ 25,158
Service award program assets 1,961,057 1,880,629
T alai Assets $ 1,986,215 $ 1,905,787
LIABILITIES
Service awards $ 1,961,057 $ 1,880,629
Other liabilities 25,158 25,158
Total Liabilities $ 1,986,215 $ 1,905,787
See Notes to Financial Statements
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SOUTHOLD FIRE DISTRICT
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NOTES TO FINANCIAL STATEMENTS
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the Southold Fire District have not been prepared in conformity with generally accepted
accounting principles (GAAP) as applied to government units. Management has elected not to present the
government-wide statements to display the financial position and changes in financial position of its governmental
activities. Accounting principles generally accepted in the United States of America require the presentation of
government-wide financial statements. The Governmental Accounting Standards Board (GASB) is the accepted
standards setting body for establishing govemmental accounting and financial reporting principles. The more
significant of the Fire District's accounting policies are described below.
A. Financial Reporting Entity
The Fire District is governed by the Municipal Law and other laws of the State of New York. The scope of
activities included within the accompanying financial statements are those transactions which comprise Fire
District operations, and are governed by, or significantly influenced by, the Board of Fire Commissioners.
The primary function of the Fire District is to provide fire protection to the community. Services such as fire
fighting, fire prevention and public education support the primary function.
The financial reporting entity includes all funds, functions and organizations over which the Fire District officials
exercise oversight responsibility. Oversight responsibility is determined on the basis of financial interdependency,
selection of governing authority, designation of management, ability to significantly influence operations and
accountability for fiscal matters.
B. Basis of Presentation
The fund financial statements provide information about the District's funds, including fiduciary funds. Separate
statements for each fund category, governmental and fiduciary, are presented. The emphasis of fund financial
statements is on major governmental funds as defined by GASB, each displayed in a separate column. The
District's financial statements reflect the following fund categories:
1. Governmental Fund Types
Governmental funds are those through which most governmental functions are financed. The acquisition, use
and balances of expendable financial resources and the related liabilities are accounted for through
governmental funds. The measurement focus of the governmental funds is based upon determination of
financial position and changes in financial position. The following are the Fire District's governmental fund
types:
a) General Fund - the general fund is the principal operating fund of the Fire District. It is used to account for
all financial resources except those required to be accounted for in another fund.
b) Capital Proiects Fund - the capital projects fund is used to account for the accumulation of financial
resources and the disbursements for the acquisition, construction or renovation of major capital facilities, or
equipment.
2. Fiduciary Fund Types
Fiduciary funds are used to account for assets held by the Fire District in a trustee or custodial capacity:
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NOTES TO FINANCIAL STATEMENTS
(Continued)
C. Basis of Accounting and Measurement Focus
The governmental fund statements are reported on the modified accrual basis of accounting using the current
financial resources measurement focus. Revenues are recognized when measurable and available. The
District considers all revenues reported in the governmental funds to be available if the revenues are collected
within the current period or soon enough thereafter to be used to pay liabilities of the current period.
Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general
long-term debt, unfunded claims and judgments, and unfunded compensated absences, which are recognized
as expenditures to the extent they have been paid. General capital asset acquisitions are reported as
expenditures in governmental funds. Proceeds of general long-term debt and acquisitions under capital leases
are reported as other financing sources.
D. Cash and Cash Equivalents
Cash and cash equivalents consist of cash on hand, bank deposits and investments with a maturity date of
three months or less.
E. Investments
Investments are reported at fair value, based on quoted market prices.
F. Other Receivables
Other receivables are shown gross, with uncollectible amounts recognized under the direct write-off method.
No allowance for uncollectible accounts has been provided since it is believed that such allowance would not
be material.
G. Prepaid Items
Prepaid items represent payments made by the District for which benefits extend beyond year-end.
H. Due tolfrom Other Funds
The amounts reported on the Balance Sheet for due to and due from other funds represents amounts due
between different fund types (governmental activities and fiduciary funds). A detailed description of the
individual fund balances at year-end is provided subsequently in these notes.
I. Deferred Revenue
Deferred revenue arises when potential revenues do not meet both the measurable and available criteria for
recognition in the current period. Deferred revenues also arise when resources are received by the District
before it has a legal claim to them, as when grant monies are received prior to the incurrence of qualifying
expenditures. In subsequent periods, when both recognition criteria are met, or when the District has legal
claim to the resources, the liability for deferred revenues is removed and revenues are recognized.
J. Accrued Liabilities and Long-Term Obligations
In the fund financial statements, liabilities are reported only to the extent that they are due for payment during
the current year.
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NOTES TO FINANCIAL STATEMENTS
(Continued)
K. Encumbrances
Encumbrance accounting, under which purchase orders, contracts, and other commitments of the expenditure
of monies are recorded in order to reserve that portion of the applicable appropriation, is used in the General
Fund, Special Revenue and Capital Projects Fund. Encumbrances outstanding at year-end are reported as
reservations of fund balance since they do not constitute expenditures or liabilities
L. Fund Balance - Reserved and Designations
Portions of fund balance are reserved and designated to either satisfy legal restrictions or to plan for future
expenditures. Interest earned on reserve fund resources becomes part of the respective reserve fund. While a
separate bank account is not necessary for each reserve fund, a separate identity for each reserve fund must
be maintained. The following is a description of the reserves utilized by the District:
Reserve for Capital Proiects - used to finance all or part of the cost of construction, reconstruction, or
acquisition of a specific or type of capital improvement or acquisition of a specific item or items or type of
equipment.
M. Property Taxes
Real property taxes are levied annually by the Fire District no later than November 1st and become a lien on
December 1 st. Real property taxes are payable without penalty and interest in two equal installments by January
10th and May 31st.
The Fire District's tax levy is collected by the Town of Southold. Tax collections are remitted in full to the Fire
District in accordance with the Suffolk County Tax Act. Suffolk County is responsible for all uncollected taxes.
N. Use of Estimates
The preparation of general purpose financial statements in conformity with accounting principles generally
accepted in the United States of America requires management to make estimates and assumptions that affect
certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
O. Total Columns on Combined Statements
Total columns on the general purpose financial statements and the supplementary schedule are captioned
"Memorandum Only" to indicate that they are presented only to facilitate financial analysis. The data in these
columns does not present financial position or results of operations in conformity with accounting principles
generally accepted in the United States of America. Neither is the data comparable to a consolidation. Interfund
eliminations have not been made in the aggregation of this data.
II. CASH AND CASH EQUIVALENTS
A. Cash and Investments
The Fire District's investment policies are governed by State statutes. The Fire District's monies must be
deposited in FDIC-insured commercial banks or trust companies located within the State. The treasurer is
authorized to use time and demand accounts and certificates of deposit. Permissible investments include
obligations of the U.S. Treasury and its subdivisions, repurchase agreements, and obligations of New York State
and its subdivisions.
Collateral is required for demand and time deposits as well as certificates of deposit not covered by Federal
Deposit Insurance. Obligations that may be pledged as collateral include obligations of the United States and its
agencies and obligations of the State and its municipalities.
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NOTES TO FINANCIAL STATEMENTS
(Continued)
Deposits are valued at cost or cost plus interest and are categorized as either (1) insured, or collateralized with
securities held by the Fire District or the Fire District's agent in the Fire District's name, (2) collateralized with
securities held by the financial institution's trust department in the Fire Districfs name, (3) collateralized with
securities that are held by the financial institution or its trust department but not in the Fire Districfs name, or
uncollateralized.
The Fire District's bank balances, totaling $1,057,295 as of December 31,2004, were fully collateralized under
category (1).
III. INTERFUND TRANSFERS
Interfund balances at December 31, 2004 are as follows:
Interfund
Receivable
Interfund
Payable
General fund
Capital reserve
Trust & agency
$
458
43,445
18,745 $
25,158
43,903 $
Total
$
43,903
IV. CHANGES IN FIXED ASSETS
A summary of changes in general fixed assets per an independent appraisal report of the land, buildings and
equipment dated October 31, 1998, together with additions and disposals through December 31, 2004, is as
follows:
Baiance Balance
January 1, Net December 31,
2004 Change 2004
Land $ 206,892 $ $ 206,892
Buildings 3,048,638 657,052 3,705,690
Equipment 4,446,941 (48,253) 4,398,688
Total $ 7,702,471 $ 608,799 $ 8,311,270
The Building and Equipment were appraised at replacement value. Land, purchased in previous years, is recorded at
original cost.
V. LIABILITIES AND FUND EQUITY
A. New York State and Local Employees' Retirement System
1. Plan Descriotion
Effective January 1, 1997, the Fire District participated in the New York State and Local Employees'
Retirement System (ERS). This system is a cost-sharing, multiple-employer, defined benefit pension plan.
The system offers retirement and disability benefits, annual cost of living increases, and death benefits to
plan members and beneficiaries.
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NOTES TO FINANCIAL STATEMENTS
(Continued)
The ERS is established pursuant to the New York State Retirement and Social Security Law to provide
benefits for the state, local governments, and their employees. ERS plan benefits are guaranteed by the state
constitution.
The system issues publicly available financial reports that include, financial statements and required
supplementary information. These reports may be obtained by writing or calling the system at the following
location: NYS and Local Retirement Systems, Governor Smith State Office Building, Albany, New York
12244, (518)474-1101.
2. Fundina Policv
The System is noncontributory except for employees who joined the retirement system after July 27, 1976 with
less than ten years of service, who contribute 3% of their salary. Regardless of start date, all members may
elect to make member contributions.
The Comptroller shall certify annually the rates expressed as proportions of the members' payroll, which shall
be used in computing the contributions required to be made by employers to the pension accumulation fund.
The Fire District is required to contribute on an annual basis. Contributions are generally made to the ERS on
December 15, for the period April 1 to March 31 of the following year based on estimated eligible employees'
salaries. Contributions are adjusted in the following year based on actual salaries.
The following represents the Fire District's regular pension contribution to the system based on annual covered
payroll:
District Contributions Rate
District Contributions
2004
11.4%
13,327
2003
4.9%
5,320
2002
0.6%
498
B.
Pension Plan - SeNice Award Program
General Information
The Fire District voters approved a Service Award Program effective January 1, 1993 which is an unqualified
deferred compensation plan. Under the State enabling legislation, the Service Award Program was specifically
excluded from the state's retirement system.
1. Plan DescriDtion
The Service Award Program has no minimum months of service requirement for participation in the plan.
All members who are credited with sufficient "Service Award Points" are eligible. The minimum age of a
participant is 18; completion of one year of participation in the plan is required to collect benefits.
Participants are fully vested in the fifth year of the plan. Benefits begin on the anniversary date following
attainment of age 65. The maximum number of past service years credit is five.
2. Benefits
The benefits provided to members of the program are established by the plan. The benefit at entitlement date
is $20 per month multiplied by the total years of service. Total years of service can not exceed 38 years and
service prior to January 1, 1990 is limited to 5 years. The maximum monthly benefit is $400. The normal form
of the benefit is in monthly payments for life (with payments guaranteed for at least 10 years). The death
benefit represents the present value of accrued benefits. The accrued benefit represents $20 per month
multiplied by the total years of credited service as of the determination date, and is payable beginning at the
entitlement date.
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NOTES TO FINANCIAL STATEMENTS
(Continued)
The termination benefits are 0% vesting up to 4 years and 100% thereafter.
3. District Information
The following represents information relating to the Fire District's participation in the above pension plan as of
December 31, 2003, as determined by the actuarial report received in 2004. The calendar year 2004
information is not available yet.
The Fire District contributes to the plan based on a group funding calculation. The assumptions for
determining the contributions and present value of accrued benefits are as follows:
Present Value of Benefits
Less: Assets Available for Benefits
$ 4,583,051
1,880,640
2,702,411
Total Unfunded Benefits
Less: Unfunded Liability for Prior Service
Present Value of Future Normal Cost
$
2,702,411
4. Contribution Reauirements
Pre-retirement - interest rate: 7% of compounded annually
Pre-retirement - annuity factor: 7% compounded annually
VI. SPENDING LIMITATION
The District did not exceed the statutory spending limitation imposed by State Law.
VII. REVISED BUDGET
The Fire District's 2004 budget was revised as follows:
Original Budget
Prior year encumbrances
$ 1,162,525
45,538
$ 1,208,063
Revised budget
VIII. COMMITMENTS AND CONTINGENCIES
A. Risk Financing and Related Insurance
The Fire District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets;
injuries to employees; errors and omissions; natural disasters, etc. These risks are covered by commercial
insurance purchased from independent third parties. Settled claims from these risks have not exceeded
commercial insurance coverage for the past two years.
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SOUTHOLD FIRE DISTRICT
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NOTES TO FINANCIAL STATEMENTS
(Continued)
B. Indebtedness
A. Lana-Term Debt
Serial Bonds
The Fire District borrows money in order to acquire 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.
B. Chanaes in Indebtedness
The changes in the Fire District's long-term indebtedness during the year ended December 31, 2004 are
summarized as follows:
Balance Balance
January 1, December 31,
2004 Additions Reductions 2004
Serial Bonds 1,800,000 (100,000) 1,700,000
$ 1,800,000 $ $ (100,000) $ 1,700,000
C. Maturitv of Lana Term Indebtedness
Serial Bonds
The following is a summary of maturity of bonded indebtedness:
2002
Final
Maturity
2017
Interest
Rate
Outstanding
December 31,
2004
1,700,000
Issue Date
3.7% - 4.2%
The following is a summary of maturing debt service requirements for the general obligation bonds:
Fiscal Year Ending December 31, Principal Interest Total
2005 $ 100,000 $ 65,775 $ 165,775
2006 100,000 62,025 162,025
2007 100,000 58,275 158,275
2008 125,000 54,525 179,525
2009 125,000 49,837 174,837
2010 and Thereafter 1,150,000 213,187 1,363,187
$ 1,700,000 $ 503,624 $ 2,203,624
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STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND EQUITY
- BUDGET AND ACTUAL - GENERAL FUND
For the Year Ended December 31,2004
(Memorandum Only)
Variance 2003 Variance
Modified Favorable Modified 2003 Favorable
Budget Actual (Unfavorable) Budget Actual (Unfavorable)
REVENUES
Real property taxes $ 1,152,525 $ 1,152,763 $ 238 $ 1,113,000 $ 1,113,012 $ 12
Interest and earnings 10,000 11,980 1,980 15,000 19,035 4,035
Rentals 2,800 2,800 1,000 1,000
Insurance recoveries 1,501 1,501
State aid 3,000 3,000
Miscellaneous 70 70 140 140
Total Revenues 1,162,525 1,172,114 9,589 1,128,000 1,133,187 5,187
EXPENDITURES
Personal services 170,000 163,447 6,553 145,000 140,906 4,094
Equipment and capital outlay 165,088 144,882 20,206 127,988 102,816 25,172
Fire protection 394,850 362,427 32,423 401,019 335,450 65,569
State retirement system 14,700 14,671 29 4,239 4,163 76
Service award program 226,000 225,962 38 232,000 231,068 932
Social security 13,400 13,358 42 12,000 11,533 467
Workers' compensation 44,000 43,974 26 40,000 38,278 1,722
Medical and accident insurance 10,500 10,378 122 15,200 14,469 731
Principal retirement 100,000 100,000 100,000 100,000
Interest payment 69,525 69,525 86,800 73,275 13,525
Total Exoenditures 1,208,063 1,148,624 59,439 1,164,246 1,051,958 112,288
Excess of Revenues Over Exoenditures (45,538) 23,490 69,028 (36,246) 81,229 117,475
OTHER SOURCES AND USES
Operating transfers (out) (50,000) (50,000)
Total Other Uses (50,000) (50,000)
Excess !Deficiencv) of Revenues Over
Exoenditures and Other Uses (45,538) 23,490 69,028 (36,246) 31,229 67,475
Fund Equity - Beginning of Year 45,538 97,571 52,033 36,246 66,342 30,096
Fund Eauitv - End of Year $ $ 121,061 $ 121,061 $ $ 97,571 $ 97,571
See Paragraph on Supplementary Information Included in Independent Auditors' Report
Page 12 SOUTHOLD FIRE DISTRICT
I SUPPLEMENTARY SCHEDULE - SCHEDULE OF FIRE PROTECTION
EXPENDITURES - BUDGET AND ACTUAL - GENERAL FUND
I For the Year Ended December 31,2004
I (Memorandum
Only)
Variance
I Modified Favorable 2003
Budget Actual ( Unfavorable) Actual
Administrative
I Office supplies & computers $ 6,000 $ 5,167 $ 833 $ 7,514
Legal fees & expenses 10,200 10,200 10,200
Auditing & accounting 9,000 8,025 975 7,275
I Miscellaneous 11,950 11,890 60 1,965
Total Administrative 37,150 35,282 1,868 26,954
Utilities
I Utilities & telephone 48,000 46,350 1,650 40,544
Hydrant rental 44,500 44,481 19 63,372
Total Utilities 92,500 90,831 1,669 103,916
I Travel, conventions, etc. 18,050 18,035 15 11,750
Insurance 57,500 56,369 1,131 45,962
I Firefighters expense
Medical exams 12,850 12,844 6 8,044
I Fire training seminars 7,300 7,256 44 10,422
Dept. dinners & awards 15,000 15,000 9,600
Total Firefighters expense 35,150 35,100 50 28,066
I Building
Building maintenance 74,400 46,892 27,508 54,175
Building - substation 26,650 26,611 39 22,912
I Total Building 101,050 73,503 27,547 77,087
Fire equipment & alarm
Apparatus maintenance 41,650 41,604 46 31,236
I Equipment maintenance 11,800 11,703 97 10,479
Total Fire equipment & alarm 53,450 53,307 143 41,715
I Total Fire Protection Expenditures $ 394,850 $ 362,427 $ 32,423 $ 335,450
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I See Paragraph on Supplementary Information Included in Independent Auditors' Report
Page 13 SOUTHOLD FIRE DISTRICT