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2010
All Numbers in This Report Have Been Rounded To The Nearest Dollar ANNUAL FINANCIAL REPORT UPDATE DOCUMENT For The TOWN of Southold County of Suffolk For the Fiscal Year Ended 12/31/2010 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 *** 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 and School Accountability 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 2009 and has been used by the OSC as the basis for preparing this update document for the fiscal year ended 2010: (A) GENERAL (B) GENERAL TOWN-OUTSIDE VG (CD) SPECIAL GRANT (DB) HIGHWAY-PART-TOWN (H) CAPITAL PROJECTS (K) GENERAL FIXED ASSETS (SF) FIRE PROTECTION (SM) MISCELLANEOUS (SP) PARK (SR) REFUSE AND GARBAGE (SS) SEWER (TA) AGENCY (V) DEBT SERVICE (W) GENERAL LONG-TERM DEBT All amounts included in this update document for 2009 represent data filed by your government with OSC as reviewed and adjusted where necessary. *** ARRA SECTION *** The American Recovery and Reinvestment Act (ARRA) section of your Annual Financial Report is designed to report revenues and expenditures of federal stimulus money for the current fiscal year ended. *** SUPPLEMENTAL SECTION *** The Supplemental Section includes the following sections: 1 ) Statement of Indebtedness 2) Schedule of Time Deposits and Investments 3) Bank Reconciliation 4) Local Government Questionnaire 5) Schedule of Employee and Retiree Benefits 6) Schedule of Energy Costs and Consumption 7) Schedule of Other Post Employment Benefits (OPEB) All numbers in this report will be rounded to the nearest dollar. Page 2 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (A) GENERAL Balance Sheet Assets Cash Cash In Time Deposits Petty Cash TOTAL Cash Taxes Receivable, Current TOTAL Taxes ReceiVable (net) Accounts Receivable TOTAL Other ReceiVables (net) State & Federal, Other TOTAL State And Federal Aid Receivables Due From Other Funds TOTAL Due From Other Funds Due From Other Governments TOTAL Due From Other Governments Inventory TOTAL Inventories Prepaid Expenses TOTAL Prepaid Expenses TOTAL Assets 10,059,028 A200 1,142,746 A201 550 A210 11,202,324 A250 0 31,579 A380 31,676 122,184 A410 122, t84 212,878 A391 2t2,878 1,547,861 A440 1,547,861 1,730 A445 1,730 424,177 A480 424,177 13,542,733 11,053,974 2,221,974 582 13,276,629 0 61,006 6%006 79,623 79,623 469,887 469,887 1,533,747 1,533,747 2,637 2,637 420,963 420,963 16,844,392 Page 3 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (A) GENERAL Balance Sheet Liabilities Accounts Payable TOTAL Accounts Payable Due To Other Funds TOTAL Due To Other Funds Due To Other Governments TOTAL Due To Other Governments Deferred Revenues TOTAL Deferred Revenues TOTAL Liabilities Reserve For Encumbrances TOTAL Reserve For Encumbrances Insurance Reserve TOTAL Special Reserves Unreserved Fund Balance ApproPiiated Unreserved Fund Balance Unappropriated TOTAL Unreserved ~Und Bal~ ~ Unappropriated TOTAL Fund Equity TOTAL Liabilities And Fund Equity 949,814 A600 926,609 949,814 926,609 2,904,917 A630 2,893,055 2,904,917 2,893,065 601 A631 1,834 601 1,834 5,143,708 A691 4,638,260 5,143,708 4,638,260 8,999,040 8,459,759 26,119 A821 27,961 26,119 27,961 646,911 A863 1,149,498 646~911 1,149,498 100,000 A910 1,914,000 '[~;~ 1,914,000 3,770,663 A911 4,293,174 3,770~$63 4,293,174 4,543~693 7,384,633 13,542,733 16~844,392 Page 4 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (A) GENERAL Results of Operation Revenues Real Property Taxes TOTAL Real Property Taxes Other Payments In Lieu of Taxes Interest & Penalties On Real Prop Taxes TOTAL Real Property Tax Items Non Prop Tax Dist By County TOTAL Non Property Tax Items Treasurer Fees Clerk Fees Other General Departmental Income Police Fees Charges-Programs For The Aging Park And Recreational Charges Special Recreational Facility Charges Zoning Fees Other Home & Community Services Income TOTAL Departmental Income General Services, Inter Government Programs For Aging, Other Govts TOTAL Intergovernmmttai chaReS Interest And Earnings Rental of Real Property TOTAL Use of Money And Property Bingo Licenses Dog Licenses Permits, Other TOTAL Licenses And Permtte Fines And Forfeited Bail Forfeitures of Deposits Forfeiture of Crime Prceeds Restricted TOTAL ribAnd Forfeitures Sales of Scrap & Excess Materials Sales, Other Insurance Recoveries TOTAL Sale of Property And Compensation For Loss Reimbursement of Medicare Part D Exp Refunds of Prior Year's Expenditures Gifts And Donations Unclassified (specify) Additional Description Health ins, contributions, GEC, MH grant TOTAL Miscellaneous Local Sources St Aid, Mortgage Tax St Aid - Other (specify) Additional Description Dept of State St Aid, Trans Cap Grants (spec) Additional Description Marchiselli Grant 20,165,953 A1001 21,532,952 20,165,953 21,532,952 10,281 A1081 30,264 53,304 A1090 53,937 63,586 84,200 818,273 Al120 885,473 818,273 886,473 4,725 A1230 4,725 9,174 A1255 8,598 1,241 A1289 7,553 5,077 A1520 5,923 196,576 A1972 193,436 93,388 A2001 99,817 97,459 A2025 47,793 2,950 A2110 50,667 A2189 48,755 461,257 416,699 130,083 A2210 133,922 148,017 A2351 142,097 278,t00 276,019 71~440 A2401 141~338 151,789 A2410 165,614 223,228 306,952 691 A2540 538 7,955 A2544 7,931 220,053 A2590 252,870 228i699 261,339 200,634 A2610 222,550 575 A2620 1,585 9,000 A2626 1,176 210,209 226,311 3,078 A2650 16,818 143 A2655 260 285,204 A2680 288,150 288,424 300,228 81,708 A2700 66,280 3,433 A2701 94,936 29,023 A2705 17,015 84,728 A2770 191,176 198;893 369,407 1,099,981 A3005 1,063,086 86,755 A3069 9,879 A3597 11,306 Page 5 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (A) GENERAL Results of Operation Revenues St Aid~ Youth Programs St Aid Emergency Disaster Assistance TOTAL S~ Aid Federal Aid - Other Additional Description Early Retiree Reinsurance Program Fed Aid Other Public Safety Fed Aid, Transp Cap Proj Fed Aid, Programs For Aging Fed Aid, Disaster Assistance Fed Aid, Other Home & Community Cap TOTAL Federal Aid TOTAL Revenues Inter[und Transfers TOTAL Interfund Transfers TOTAL Other Sources TOTAL Detail Revenues And Other Sources 38,563 A3820 33,363 A3960 6,581 1,225,299 1,t24,217 A4089 31,339 5,372 A4389 16,796 A4597 22,144 80,940 A4772 112,133 A4785 39,489 A4997 9,517 86,311 231,419 24,248,233 26,014, t17 3,528,920 A5031 4,318,203 3,$28~920 4,318,203 3,528,920 4,318,203 27,777,153 30,332,320 Page 6 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (A) GENERAL Results of Operation Expenditures Legislative Board, Pers Serv Legislative Board, Contr Expend TOTAL Legislative Board Municipal Court, Pers Serv Municipal Court, Equip & Cap Outlay Municipal Court, Contr Expend TOTAL Municipal Court Supen/isor,pers Sen/ Supervisor,contr Expend TOTAL Supervisor Dir of Finance, Pets Sen/ Dir of Finance, Equip & Cap Outlay Dir of Finance, Contr Expend TOTAL Dir of ~na~e Auditor, Contr Expend TOTAL Auditor Tax Collection,pers Sen/ Tax Collection,contr Expend TOTAL Tax Collection Assessment, Pers Serv Assessment, Equip & Cap Outlay Assessment, Contr Expend TOTAL Assessment Clerk,pers Serv Clerk,contr Expend TOTAL Clerk Law, Pets Sen/ Law, Equip & Cap Outlay Law, Contr Expend TOTAL La~ Engineer, Pets Sen/ Engineer, Contr Expend TOTAL Engineer Records Mgmt, PetS SerV. Records Mgmt, Equip & Cap Outlay Records Mgmt, Contr Expend TOTAL Records Mgmt Public Works Admin, Pets Serv Public Works Admin, Contr Expend TOTAL Public Works Admin Buildings, Pers Serv Buildings, Equip & Cap Outlay Buildings, Contr Expend TOTAL Buildings 120,696 A10101 121,393 130,079 A10104 105,302 260,776 226,696 460,191 Al1101 394,339 Al1102 3,079 62,821 Al1104 66,502 523,012 463,920 208~910 A12201 216,574 2,413 A12204 3,244 211,323 219,819 390,812 A13101 326,212 2,124 A13102 2,219 17,331 A13104 26,512 4i0~267 354,942 70,000 A13204 88,000 70,0O0 88,000 97,360 A13301 95,169 19,350 A13304 15,135 116,710 110,304 340,515 A13551 342,008 A13552 855 16,672 A13554 18,664 367,188 361,627 330,500 A14101 338,822 18,456 A14104 20,227 348,956 359,049 324,474 A14201 314,044 A14202 760 56,743 A14204 52,545 ;2~7 se?,3O0 70,213 A14401 70,213 1,667 A14404 1,561 71,900 71,774 74,291 A14601 67,496 A14602 214 846 A14604 1,516 75,137 69,228 66,452 A14901 41,985 476 A14904 413 68,928 42,398 781,929 A16201 799,046 105,036 A16202 74,519 498,438 A16204 517,836 1,385,404 t,391,401 Page 7 OSC Municipality Code 470379000000 (A) GENERAL Results of Operation Expenditures Central Garage, Contr Expend TOTAL Central Garage Central Print & Mail, Equip & Cap Outlay Central Print & Mail,contr Expend TOTAL Central Print & Mail Central Data Process, Pers Serv Central Data Process & Cap Outlay Central Data Process, Contr Expend TOTAL Central Data Process Unallocated Insurance, Contr Expend TOTAL UnallOCated inSuranCe Municipal Assn Dues, Contr Expend TOTAL Municipal Assn Dues Payment of Mta Payroll Tax,contr Expend TOTAL Payment Of Mta payroll Tax Other Genera Government, Pers Serv Other Gen Govt Support, Equip & Cap Outlay Other Gen Govt Support, Contr Expend TOTAL ~ Gert Govt SUpport TOTAL General Government SuPport Public Safety Corem Sys, Pers Serv Public Safety Corem Sys, Equip & Cap Outlay Public Safety Comm Sys, Contr Expend TOTAL Public Safety Corem Sys Police, Pets Serv Police, Equip & Cap Outlay Police, Contr Expend TOTAL POlice Traffic Control, Equip & Cap Outlay Traffic Control, Contr Expen TOTAL Traffic Control Fire, Contr Expend TOTAL Fire Control of Animals, Contr Expend TOTAL Control of Animals Examining Boards, Pers Serv Examining Boards, Centr Expend TOTAL EXamining Boards Civil Defense, Equip & Cap Outlay Civil Defense, Contr Expend TOTAL Civil Defense TOTAL Public Safety Public Health, Contr Expend TOTAL Public Health TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 12,455 A16404 12,552 12,465 12,662 53,452 A16702 55,689 35,677 A16704 38,843 89,129 94,632 171,637 A16801 172,926 7,744 A16802 5,626 181,683 A16804 249,515 361,064 428,067 300,362 A19104 331,639 300,362 331,639 1,650 A19204 1,650 1,680 1,650 37,498 A19804 41,943 37,498 4t~94.3 85,077 A19891 85,077 A19892 2,455 538 A19894 743 85,6i5 88,276 5,158,590 5,125,065 756,559 A30201 771,920 29,046 A30202 34,026 14,297 A30204 24,665 799,902 830,612 7,052,895 A31201 7,020,670 133,421 A31202 141,496 346,812 A31204 410,017 7,533,129 7,572,183 35,842 A33102 13,394 A33104 13,330 49,236 13,330 63 A34104 77 63 77 187,973 A35104 195,492 187,973 195,492 8,799 A36101 8,874 4,998 A36104 5,305 13,797 14,179 A36402 300 3,875 A36404 57 ~;875 357 8,587,974 8,626,231 2,150 A40104 600 2,160 800 Page 8 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (Al GENERAL Results of Operation Expenditures Narcotic Guid Council, Contr Expend TOTAL Narcotic Guid Council TOTAL Heaith Street Admin, Pets Sen/ TOTAL Street Adm!n Street Lighting, Pers Serv Street Lighting, Equip & Cap Outlay Street Lighting, Contr Expend TOTAL Street Lighting Off-Street Parking, Contr Expend TOTAL Off-Street Parking TOTAL Transportation Publicity, Contr Expend TOTAL Publicity Programs For Aging, Pers Serv Programs For Aging, Equip & Cap Outlay Programs For Aging, Contr Expend TOTAL Program ForAging TOTAL Economic Assistance And Opportunity Recreation Admini, Pets Sen/ Recreation Admini, Equip & Cap Outlay Recreation Admini, Contr Expend TOTAL Recreation Admini Special Rec Facility, Pers Serv Special Rec Facility, Contr Expend TOTAL Special Rec Facility Youth Prog, Contr Expend TOTAL Youth Prog Library, Contr Expend TOTAL Library Historian, Pets Serv Historian, Contr Expend TOTAL Historian Historical Property, Pers Sen/ Historical Property, Contr Expand TOTAL Historical Property Celebrations, Contr Expend TOTAL Celebrations TOTAL Culture And Recreation Environmenta} Control, Pers Serv Environmental Control, Equip & Cap Outlay Environmental Control, Contr Expend TOTAL Environmental Control Shade Tree, Pets Sen/ 32,988 A42104 32,988 32,988 32,988 35,138 33,788 280,543 A50101 274,670 280,543 274,670 56,301 A51821 55,606 874 A51822 273 148,429 A51624 93,324 208,605 149,204 288 A56504 696 288 696 486,435 424,569 30,000 A64104 30,000 30~000 30,000 874,603 A67721 871,984 264 A67722 3O 200,855 A67724 216,850 %075,722 1,088,864 1~I05,722 1,118,864 72,586 A70201 67,299 A70202 100 92,766 A70204 89,798 168,382 157,198 114~165 A71801 92,390 5,533 A71804 6,062 119,748 98,471 3,295 A73104 3,050 3,295 3,050 22,500 A74104 22,500 0 17,680 A75101 17,680 362 A75104 287 t8,042 17,967 5,000 A75201 3,692 1,297 A75204 1,056 6,297 4,748 759 A75504 855 759 855 335,994 282,290 182,490 A60901 185,572 263 A80902 873 17,649 A80904 20,054 200,423 206,499 1,658 A85601 1,721 Page 9 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (A) GENERAL Results of Operation Expenditures Shade Tree, Contr Expend TOTAL Shade Tree Conservation, Contr Expend TOTAL Conservation Fish And Game, Contr Expend TOTAL Fish And Game Cemetery, Contr Expend TOTAL Cemetery Misc Home & Corem Serv, Pets Sen/ Misc Home & Corem Sen/, Equip & Cap Outlay Misc Home & Cemm Serv, Contr Expend TOTAL, Home And Community Services State Retirement System Police & Firemen Retirement, Empl Bnffs Social Security, Employer Cont Worker's Compensation, Empl Bnfts Unemployment Insurance, Empl Bnfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnft Other Employee Benefits (spec) TOTAL Employee Benefits Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes TOTAL Debt Principal Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes TOTAL De. Interest TOTAL Expenditures Transfers, Other Funds TOTAL Operating Transfers TOTAL Other Uses TOTAL Detail Expenditures And Other Uses 7,485 A85604 9,144 2,369 A87104 2,369 26,000 A87204 26,000 6 A88104 6 162,077 A89891 A89892 1,097 A89894 163,174 40't;115 432,480 A90108 874,694 A90156 989,009 A90308 146,318 A90408 22~574 ^90508 257,095 A90556 4~330,349 A90606 20,444 A90898 1,511 3,232 972 972 28,000 28,000 6 6 163,380 163 707 164.250 402,959 631,604 935,452 871,155 174,876 30,764 262,882 4,626,530 10,019 7,022,964 7,543,281 777,350 A97106 632,425 481,802 A97306 387,193 1,259,152 1,019,618 199,864 A97107 156,472 75,955 A97307 35,520 275r8t9 191.992 24~668,903 24,768,657 1,926,883 A99019 2,722,722 1,926,883 2,722,722 1,926,883 2,722,722 26;595,786 27,491,380 Page 10 OSC Municipality Cede 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (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 3,362,326 A8021 4,543,693 3,362,326 A8022 4,543,693 27,777,153 30,332,320 26,595,786 27,491,380 4,543,693 A8029 7,384,633 Page 11 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (A) GENERAL Budget Summary Estimated Revenues 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 MoneyAnd Property Est Rev - Licenses And Permits Est Rev - Fines And Fodeitures Est Rev - Sale of Prop And Comp For Loss Est Rev - Miscellaneous Local Sources Est Rev - State Aid Est Rev - Federal Aid TOTAL Estimated Revenues Estimated - Interfund Transfer Appropriated Fund Balance TOTAL Estimated Other Sources TOTAL Estimated Revenues And Other Sources 21,532,952 65,000 885,000 395,700 382,307 210,750 259,730 150,500 78,100 281,197 1,210,015 25,451,251 4,314,313 100,000 4,414;313 29,865,664 A1049N 21,734,453 A1099N 84,000 A1199N 885,473 A1299N 406,000 A2399N 397,085 A2499N 275,000 A2599N 281,480 A2649N 200,500 A2699N 140,625 A2799N 155,323 A3099N 1,239,000 A4099N 95,000 25,893,939 AS031N 3,994,809 A599N 1,914,000 5,908,809 3%802,748 Page 12 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (A) GENERAL Budget Summary Appropriations 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 TOTAL A~roPrlations App - Inted"und Transfer TOTAL Other U~es TOTAL Appropriations And Other Uses 6,912,785 A1999N 8,513,625 A3999N 33,300 A4999N 491,600 A5999N 1,161,050 A6999N 313,210 A7999N 431,951 A8999N 8,087,565 A9199N 1,222,000 A9899N 27,167,086 2,698,478 A9999N 7,099,617 9,457,090 33,800 505,900 1,214,650 310,073 443,251 8,809,452 1,323,500 29,197,333 2,605,415 2,605,416 31,802,748 Page 13 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (B) GENERAL TOWN-OUTSIDE VG Balance Sheet Assets Cash In Time Deposits TOTAL Cash Accounts Receivable TOTAL Other Receivables (net) State & Federal Receivables TOTAL State And Federal Aid Receivables Due From Other Funds TOTAL Due From Other Funds Prepaid Expenses TOTAL prepaid Expenses TOTAL Assets 485,377 B201 485,377 71,291 B380 71,291 23,045 B410 23,045 993,586 B391 993,586 19,352 B480 19,352 1,592,651 577,094 577,094 76,900 76,900 0 210,174 210,174 26,502 26,502 890,669 Page 14 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (B) GENERAL TOWN-OUTSIDE VG Balance Sheet Liabilities Accounts Payable TOTAL Accounts Payable Deferred Revenues TOTAL Deferred Revenues TOTAL Liabilities Reserve For Encumbrances TOTAL Reserve For Encumbrances Unreserved Fund Balance Appropriated TOTAL Unreserved Fund Balance -Appropriated Unreserved Fund Balance Unappropriated TOTAL Unreserved Fund Balance - Unappropriated TOTAL Fund Equity TOTAL Liabilities And Fund Equity 39,314 $9,314 1,008,206 1,008,206 %047,520 0 119,000 119,000 426,131 426,131 545,~131 1,592,661 B600 22,815 22,815 B691 226,220 226,220 249,036 B821 16,400 16,400 B910 241,000 24t ,000 B911 384,234 384,234 641,634 890,669 Page 15 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (B) GENERAL TOWN-OUTSIDE VG Results of Operation Revenues Real Property Taxes TOTAL Real Property Taxes Other Payments In Lieu of Taxes Interest & Penalties On Real Prop Taxes TOTAL Real Property Tax Items Franchises TOTAL Non Property Tax Items Other General Departmental Income Safety Inspection Fees Public Health Fees Zoning Fees Planning Board Fees TOTAL De~rtme~i IncOme Interest And Earnings TOTAL Use of Money And Prope~ Permits, Other TOTAL Llcenaes And Permits Sales, Other TOTAL Sale of Property And Compensation For Loss St Aid, State Revenue Sharing St Aid, Planning Studies TOTAL State Aid Fed Aid~ Emergency Disaster Assistance TOTAL Federal Aid TOTAL Revenues TOTAL ~il Revenues And Other Sources 713,928 B1001 904,014 713,928 904,014 383 B1081 1,335 145 B1090 118 528 1,463 276,999 Bl170 300,987 276,999 300,987 7,748 B1289 8,785 421,512 B1560 498,382 13,377 B1601 11,502 39,585 B2110 38,865 40,732 B2115 80,885 522~954 638,419 2,192 B2401 2,330 2,192 2~330 6~275 B2590 9,200 6,275 9,200 133 B2655 118 133 118 95,929 B3001 90,131 30,138 B3902 -1,882 126,067 88,249 5,934 B4960 5,934 0 1,655,009 1,944,770 1,655,009 1,944,770 Page 16 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (B) GENERAL TOWN-OUTSIDE VG Results of Operation Expenditures Law, Contr Expend TOTAL Law Payment of Mta Payroll Tax, Contr Expend TOTAL Payment of Mts Payroll Tax TOTAL General Government Support Safety Inspection, Pers Serv Safety Inspection, Equip & Cap Outlay Safety Inspection, Contr Expend TOTAL Safety Inspection Misc Public Safety, Pets Serv TOTAL MIst Public Safety TOTAL Public Safety Public Health, Pets Serv TOTAL Public Health TOTAL Health Zoning, Pers Serv Zoning, Contr Expend TOTAL Zoning Planning, Pets Serv Planning, Equip & Cap Outlay Planning, Contr Expend TOTAL Planning TOTAL Home And Community Servlcea State Retirement, Empl Bnffs Social Security, Empl Bnffs Worker's Compensation, Empl Bnfts Unemployment Insurance, Empl Bnfts Disability Insurance, Empl Bnffs Other Employee aenefits (spec) TOTAL Employee Benefits TOTAL Expenditures Transfers, Other Funds TOTAL Operating Transfers TOTAL Other Uses TOTAL Detail Expenditures And Other Uses 42,084 42,084 3,403 3,403 45,487 487,486 1,096 12,585 601,167 685 685 501,853 7,370 7,370 7,370 183,509 16,142 199,651 515,282 31,270 546,552 746,202 80,582 92,821 7,416 10,530 26,003 20,444 B14204 B19804 B36201 B36202 B36204 B39891 B40101 B80101 B80104 B80201 B80202 B80204 B90108 B90308 B90408 B90508 B90558 B90898 26,264 26,264 3,743 3,743 30,007 459,978 12,073 472,061 953 953 473,006 0 0 139,366 20,055 169,420 481,281 153 130,073 611,507 770,928 98,351 82,693 8,863 25,732 10,019 237,795 225~667 1,538,707 t ,499,596 325,436 B99019 348,671 325,436 348,671 326,436 348,671 ,864,142 1,848;267 Page 17 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (B) GENERAL TOWN-OUTSIDE VG 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 754,264 B8021 545,131 754,264 B8022 545,131 1,655,009 1,944,770 1,864,142 1,848,267 545,131 B8029 641,634 Page 18 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (B) GENERAL TOWN-OUTSIDE VG Budget Summary Estimated Revenues 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 Comp For Loss Est Rev-State Aid TOTAL Estimated Revenues Appropriated Fund Balance 904,014 B1049N 530 B1099N 251,000 B1199N 640,200 B1299N 2,000 B2499N 5,500 B2599N B2699N 161,000 B3099N 1,964,244 119,000 B599N 119~000~ 2;083,~ 783,364 1,400 276,000 680,160 2,000 5,100 100 130,000 1,878,124 241,000 24%000 2,119,124 Page 19 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (B) GENERAL TOWN-OUTSIDE VG Budget Summary Appropriations App - General Government Support App - Public Safety App - Home And Community Services App - Employee Benefits TOTAL Appropriations App - lntedund Transfer TOTAL Other Uses TOTAL Appropriations And Other Uses 130,000 516,350 816,251 289,900 1,752,501 330,743 330,743 2,083,244 B1999N B3999N B8999N B9199N B9999N 95,000 574,050 851,608 288,600 1,809,258 309,866 309,866 2,119,124 Page 20 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (CD) SPECIAL GRANT Balance Sheet Assets Due From Other Governments 12,500 CD440 133,500 TOTAL Due From Other Governments 12,500 133,500 TOTAL Assets 12,$00 133,500 Page 21 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (CD) SPECIAL GRANT Balance Sheet Liabilities Accounts Payable 12,500 CD600 133,500 TOTAL Accounts Payable 12,500 133,500 TOTAL Liabilities 12,500 133,500 TOTAL Liabilities And Fund Equity 12,500 t33,500 Page 22 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (CD) SPECIAL GRANT Results of Operation Revenues Fed Aid, Community Development Act TOTAL Federal Aid TOTAL Revenues TOTAL Detail Revenues And Other Sources 62,040 CD4910 207,981 62,040 207,981 62,040 207,981 62,040 207,981 Page 23 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (CD) SPECIAL GRANT Resutts of Operation Expenditures Prov of Public Service, Contr Expen TOTAL Prov of Public Service TOTAL Home And Community Services TOTAL Expenditures TOTAL Detail Expenditures And Other Uses 62,040 CD86764 207,981 62,040 207,981 62,040 207,981 62,040 207,981 62,040 207,981 Page 24 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (CD) SPECIAL GRANT 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 CD8021 CD8022 62,040 207,981 62,040 207,981 CD8029 Page 25 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (DB} HIGHWAY-PART-TOWN Balance Sheet Assets Cash In Time Deposits TOTAL Cash State & Federal Receivables TOTAL State And Federal Aid Receivables Due From Other Funds TOTAL Due From Other Funds Prepaid Expenses TOTAL Prepaid Expenses TOTAL Assets 893,371 DB201 704,809 893,371 704,809 DB410 217,940 0 217,940 223,932 DB391 983.329 223,932 983,329 38,475 DB480 55,567 38,475 55,567 1,155,779 1,96t ,645 Page 26 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (DB) HIGHWAY-PART-TOWN Balance Sheet Liabilities Accounts Payable TOTAL Accounts Payable Due To Other Funds TOTAL Due To Other Funds Deferred Revenues TOTAL Deferred Revenues TOTAL Liabilities Unreserved Fund Balance Appropriated TOTAL Unreserved Fund Balance -Appropriated Unreserved Fund Balance Unappropriated TOTAL Unreserved Fund Balance - Unappropriated TOTAL Fund Equity TOTAL Liabilities And Fund Equity 234,546 DB600 331,357 234,546 331,357 83 DB630 1,537 83 '1,537 216,424 DB691 986,283 216,424 986,283 461,054 '1,319,177 265,000 DB910 228,850 265,000 228,850 439,725 DB911 413,618 439,725 413,618 704,725 642,468 1,165,779 1,961,645 Page 27 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (DB) HIGHWAY-PART-TOWN Results of Operation Revenues Real Property Taxes TOTAL Real Proper~ Taxes Other Payments In Lieu of Taxes Interest & Penalties On Real Prop Taxes TOTAL Real Property Tax Items Other Transportation Departmental Income TOTAL Departmental Income interest And Earnings TOTAL Use of Money And Property Permits, Other TOTAL Licenses And Permits insurance Recoveries TOTAL Sale of Property And Compensation For Loss Refunds of Prior Year's Expenditures TOTAL Miscellaneous Local Sources St Aid, Consolidated Highway Aid St Aid Emergency Disaster Assistance TOTAL State Aid Fed Aid, Emergency Disaster Assistance TOTAL Federal Aid TOTAL Revenues TOTAL Detail Revenues And Other Sources 4,137,746 DB1001 4,137,746 2,216 D61081 841 DB1090 3,057 D61789 0 6,559 D62401 6,559 7,788 D62590 7,788 246 D62680 246 106 D62701 106 318,906 D63501 D63960 318,906 D64960 0 4,474,408 4,474,408 4,032,425 4,032,425 5,949 528 6,477 25O 25O 5,635 5,635 6,914 6,9t4 1,419 1,419 0 322,919 20,105 343,024 120,630 120,630 4,516,774 4,516,774 Page 28 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (DB) HIGHWAY-PART-TOWN Results of Operation Expenditures Administration-Contractual TOTAL Administration-Contractual Payment of Mta Payroll Tax, Contr Expend TOTAL Payment of Mta Payroll Tax TOTAL General Government Support Maint of Streets, Pets Serv Maint of Streets, Contr Expend TOTAL Maint of Streets Perm Improve Highway, Equip & Cap Outlay TOTAL Perm Improve Highway Machinery, Pets Serv Machinery, Equip & Cap Outlay Machinery, Contr Expend TOTAL Machinery Brush And Weeds, Pers Serv Brush And Weeds, Equip & Cap Outlay Brush And Weeds, Contr Expend TOTAL Brush And Weeds Snow Removal, Pers Serv Snow Removal, Equip & Cap Outlay Snow Removal, Contr Expend TOTAL Snow Removal TOTAL Transportation State Retirement, Empl Bnffs Social Security, Empl Bnfls Worker's Compensation, Empl Bnfts Disability Insurance, Empl Bnfts TOTAL Employee Benefits Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes TOTAL Debt Principal Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes TOTAL Debt Interest TOTAL Expenditures Transfers, Other Funds TOTAL Operating Transfers TOTAL Other Uses TOTAL Detail Expenditures And Other Uses 307 DB17104 36 307 36 5,896 DB19804 6,848 5,896 6,848 6,203 6,884 1,560,899 DB51101 1,486,122 242,370 DB51104 216,048 1,803,269 1,702,170 3t8,906 DB51122 322,919 318,906 322,919 264,030 DB51301 283,242 36,553 DB51302 43,543 120,926 DB51304 135,481 421,508 462,266 105,461 DB51401 30,771 DB51402 243 63,834 DB51404 75,727 169,296 106,741 241,808 DB51421 177,975 20,000 DB51422 10,600 157,981 DB51424 176,788 419,789 365,363 3,132,768 2,959,458 160,567 DB90108 204,656 166,173 DB90308 149,010 98,221 DB90408 117,391 56,230 DB90558 55,049 481,192 526,106 30,000 DB97106 86,000 78,917 DB97306 30,000 108,917 115,000 4,406 DB97107 9.799 7,067 DB97307 2,271 11,473 12,070 3,740,553 3,620,519 952,692 DB99019 958,513 952,692 958,513 952,692 958,5t3 4,693,245 4,579,03t Page 29 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (DB) HIGHWAY-PART-TOWN Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUI'rY 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 923,562 DB8021 704,725 923,562 DB8022 704,725 4,474,408 4,516,774 4,693,245 4,579,031 704,725 DB8029 642,468 Page 30 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (DB) HIGHWAY-PART-TOWN Budget Summary Estimated Revenues 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 - Sale of Prop And Comp For Loss Est Rev - State Aid TOTAL Estimated Revenues Appropriated Fund Balance TOTAL Estimated Other Sources TOTAL Estimated Revenues And Other Sources 4,032,425 DB1049N 4,586,896 3,050 DB1099N 6,500 6,000 DB2499N 6,000 7,500 DB2599N 4,000 3,000 DB2699N 30.000 326,819 DB3099N 326,819 4,378,794 4,960,215 265,000 DB599N 228,850 265,000 228,850 4,643,794 5,189,065 Page 31 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (DB) HIGHWAY-PART-TOWN Budget Summary Appropriations App - Transportation App - Employee Benefits App - Debt Service TOTAL Appropriations Other Budgetary Purposes Inter~und Transfers TOTAL Other Uses TOTAL Appropriations And Other Uses 2,993,119 DB5999N 3,349,124 570,488 DB9199N 702.738 128,950 DB9899N 223,715 3,692,567 4,275,577 0 DB962N 951,237 DB9999N 913,488 951,237 913,488 4,643,794 5,189,065 Page 32 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (14) CAPITAL PROJECTS Balance Sheet Assets Cash In Time Deposits TOTAL Cash Accounts Receivable TOTAL Other Receivables (net) State & Federal Receivables TOTAL State And Federal Aid Receivables Due From Other Funds TOTAL Due From Other Funds Due From Other Governments TOTAL Due From Other Governments TOTAL Asseta 8,376,004 H201 6,113,937 8,376,004 6,113,937 24,268 H380 20,976 24,268 20,976 30,000 H410 905,632 30,000 905,632 146,865 H391 135,115 146,865 135,115 374,548 H440 340,895 374,548 340,895 8,951,684 7,516,555 Page 33 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (H) CAPITAL PROJECTS Balance Sheet Liabilities Accounts Payable TOTAL Accounts Payable Retained Percentages, Cont Pay TOTAL Retained Percentages Bond Anticipation Notes Payable TOTAL Notes Payable Due To Other Funds TOTAL Due To Other Funds TOTAL Liabilities Unreserved Fund Balance Appropriated TOTAL Unreserved Fund Balance - Appropriated Unreserved Fund Balance Unappropriated TOTAL Unreserved Fund Balance - Unappropriated TOTAL Fund Equity TOTAL Liabilities And Fund Equity 24,955 24,955 100,423 100,423 5,059,000 5,059,000 0 5,184,378 7,731,505 7,73t ,$05 -3,964,198 -3,964,198 3~767,307 8,951,664 H600 447,830 447,830 H605 92,261 92,261 H626 6,218,000 6,218,000 H630 1,825 1,825 6,759,916 H910 3,172,288 3,172,288 H911 -2,415,649 -2,415,649 756,639 7,516,555 Page 34 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (H) CAPITAL PROJECTS Results of Operation Revenues Misc Revenue, Other Govts TOTAL Intergovernmental Charges Interest And Earnings TOTAL Use of Money And Property Gifts And Donations Unclassified (specifT) Additional Description Sale of equipment TOTAL Miscellaneous Local Sources St Aid, Other Home And Comm Serv TOTAL State Aid Fed Aid - Cap Projects TOTAL Federal Aid TOTAL Revenues Interfund Transfers TOTAL Interfund Transfers Serial Bonds Bans Redeemed From Appropriations TOTAL Proceeds of Obligations TOTAL Other Sources TOTAL Detail Revenues And Other Sources 3,040,294 H2389 3,869,750 3,040,294 3,869,750 37,403 H2401 29,825 37,403 29,825 H2705 100 H2770 45,001 0 45,101 80,000 H3989 179,894 80,000 179,894 2,146,707 H4097 2,611,119 2,146,707 2~61t,tt9 5,304,405 6,735,689 50,497 H5031 66,420 50,497 66,420 5,283,000 H5710 741,184 H5731 706,427 6,024,184 706,427 6,074,681 772,847 1t ,379,086 7,508,536 Page 35 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (H) CAPITAL PROJECTS Results of Operation Expenditures General Govt, Equip & Cap Outlay TOTAL General Govt TOTAL General Government Support Public Safety Cap Proj TOTAL Public Safety Cap Proj TOTAL Public Safety Perm Improve Highway, Equip & Cap Outlay TOTAL Perm Improve Highway TOTAL Transportation Sanitation, Equip & Cap Outlay TOTAL Sanitation Misc Home & Comm Serv, Equip & Cap Outlay TOTAL Misc Home & Comm Serv TOTAL Home And Community Services Debt Principal, Serial Bonds 90,260 H19972 328,888 90,260 328,888 90,260 328,888 376,322 H30972 18,334 376,322 18,334 376,322 18,334 H51122 843,501 0 843,501 0 843,501 210,431 H87972 590,505 210,43t 590,505 3,271,821 H89892 7.068,287 3,271,821 7,068,287 3,482,252 7,658,792 632,500 H97106 693,500 TOTAL Debt Principal Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes 632,500 693,500 703,428 H97107 975,217 14,519 H97307 972 TOTAL Debt Interest TOTAL Expenditures TOTAL Detail Expenditures And Other Uses 717,946 976,189 5,299,280 10,519,204 5,299,280 10,5t9,204 Page 36 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (H) CAPITAL PROJECTS 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 -2,312,499 H8021 3,767,307 -2,312,499 H8022 3,767,307 11,379,086 7,508,536 5,299,280 10,519,204 3,767,307 H8029 756,639 Page 37 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (K) GENERAL FIXED ASSETS Balance Sheet Assets Land Buildings Improvements Other Than Buildings Machinery & Equipment Construction Work In Progress Infrastructure TOTAL Fixed Assets {net) TOTAL Assets 100,748,257 K101 107,543,740 26,272,501 K102 26,987,064 17,482,498 K103 17,747,037 14,642,610 K104 14,747,059 3,450,335 K105 1,429,472 76,016,564 K106 76,399,039 238,612,765 244,853,411 238,612,765 244,853,411 Page 38 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (K} GENERAL FIXED ASSETS Balance Sheet Fund Equity Total Non-Current Govt Assets TOTAL Investments in Non-Current Government Assets TOTAL Fund Equity TOTAL Liabilities And Fund Equity 238,612,765 K159 244,853,411 238,612,765 244,853,4tl 238,612,765 244,853,411 238,612,765 244,853,411 Page 39 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SF) FIRE PROTECTION Balance Sheet Assets Cash In Time Deposits TOTAL Cash Due From Other Funds TOTAL Due From Other Funds TOTAL Assets 27,655 SF201 19,559 27,655 19,559 155,581 SF391 151,671 155,581 151,671 183,236 171,230 Page 40 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SF) FIRE PROTECTION Balance Sheet Liabilities Accounts Payable TOTAL Accounts Payable Deferred Revenues TOTAL Deferred Revenues TOTAL Liabilities Unreserved Fund Balance Appropriated TOTAL Unreserved Fund Balance -Appropriated Unreserved Fund Balance Unappropriated TOTAL Unreserved Fund Balance - Unappropriated TOTAL Fund Equity TOTAL Liabilities And Fund Equity 15,186 SF600 13,136 15,186 13,136 155,581 SF691 151,671 155,581 151,671 170,767 164,807 6,900 SF910 1,500 6,900 1,500 5,569 SF911 4,922 5,569 4,922 12,469 6,422 183,236 171,230 Page 41 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SF) FIRE PROTECTION Results of Operation Revenues Real Property Taxes TOTAL Real Property Taxes Interest & Penalties On Real Prep Taxes TOTAL Real Properly Tax Items Interest And Earnings TOTAL Use of Money And Property TOTAL Revenues TOTAL Detail Revenues And Other Sources 589,163 SF1001 652,565 589,163 662,565 120 SF1090 85 120 85 588 SF2401 418 588 418 589,871 653,068 589,871 653,068 Page 42 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SF) FIRE PROTECTION Results of Operation Expenditures Fire Protection, Contr Expend TOTAL Fire Protection TOTAL Public Safety Interfund Loans TOTAL Debt Interest TOTAL Expenditures TOTAL Detail Expenditures And Other Uses 592r182 SF34104 659,097 592,182 659,097 592,182 669,097 SF97957 18 0 18 592,182 659,115 592,182 659,1t5 Page 43 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (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 14,780 SF8021 12,469 14,780 SF8022 12,469 589,871 653,068 592,182 659,115 12,469 SF8029 6,422 Page 44 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SM) MISCELLANEOUS Balance Sheet Assets Cash Cash In Time Deposits Petty Cash TOTAL Cash Accounts Receivable TOTAL Other Receivables (net) State & Federal Receivables TOTAL State And Federal Aid Receivables Due From Other Funds TOTAL Due From Other Funds Prepaid Expenses TOTAL Prepaid Expenses TOTAL Asseta 251,734 SM200 600,125 4,213 SM201 453 1,450 SM210 1,450 257,397 602,028 8,231 SM380 32,243 8,231 32,243 2,649 SM410 4,758 2,649 4,758 226,646 SM391 175,702 226,646 175,702 18,908 SM480 29,969 18,908 29,969 513,831 844,699 Page 45 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SM) MISCELLANEOUS Balance Sheet Liabilities Accounts Payable TOTAL Accounts Payable Other Liabilities Additional Description Retained Percentages TOTAL Other Liabilities Deferred Revenues TOTAL Deferred Revenues TOTAL Liabilities Unreserved Fund Balance Appropriated TOTAL Unreserved Fund Balance -Appropriated Unreserved Fund Balance Unappropriated TOTAL Unreserved Fund Balance - Unappropriated TOTAL Fund Equity TOTAL Liabilities And Fund Equity 103,861 103,861 0 197,884 197,884 301,746 0 212,086 212,086 212,086 513,831 SM600 SM688 SM691 SM910 SM911 137,697 137,697 6,952 6,952 155,382 155,382 300,031 132,000 132,000 412,668 412,668 544,668 844,699 Page 46 nSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SM) MISCELLANEOUS Results of Operation Revenues Real Property Taxes TOTAL Real Property Taxes Interest & Penalties On Real Prop Taxes TOTAL Real Property Tax Items Other General Departmental Income TOTAL Departmental Income Misc Revenue, Other Govts TOTAL Intergovernmental Charges interest And Earnings Commissions TOTAL Use of Money And Property Refunds of Prior Year's Expenditures Unclassified (specify) TOTAL Miscellaneous Local Sources St Aid, Other Aid (specify) Additional Description NYSDOT Capital Grant TOTAL State Aid Federal Aid - Other Additional Description FAA Capital Grant TOTAL Federal Aid TOTAL Revenues TOTAL Detai! Revenues And Other Sources 660,000 SM1001 830,000 660,000 830,000 120 SM1090 109 120 109 2,305,154 SM1289 2,628,132 2,305,154 2,628,132 23,350 SM2389 24,829 23,350 24,829 1,031 SM2401 1,874 6,255 SM2450 7,332 7,286 9,206 14,106 SM2701 167 SM2770 1,471 t4,273 1,471 4,043 SM3089 4,456 4,043 4,456 75,193 SM4089 188,395 75,193 188,395 3,089,419 3,686,598 3,089,419 3,686,598 Page 47 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SM) MISCELLANEOUS Results of Operation Expenditures Other Gen Govt Support, Contr Expend TOTAL Other Gen Govt Support TOTAL General Government Support Insect Control, Pers Serv Insect Control, Contr Expend Insect Control, Empl Bnfts TOTAL Insect Control TOTAL Health Other Transportation, Pers Serv Other Transportation, Ewuip & Cap Outlay Other Transportation, Contr Expend Other Transportation, Empl Bnfts TOTAL Other Transportation TOTAL Transportation Misc Home & Comm Serv, Contr Expend TOTAL Misc Home & Comm Serv TOTAL Home And Community Services Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes TOTAL Debt Principal Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes TOTAL Debt Interest TOTAL Expenditures TOTAL Detail Expenditures And Other Uses 190,460 SM19894 202,470 190,460 202,470 190,460 202,470 44,437 SM40681 54,659 22,494 SM40684 26,723 5,080 SM40688 4,181 72,011 85,563 72,011 85,563 1,264,097 SM56801 1,239,277 355,291 SM86802 480,716 405,524 SM56804 572,188 319,656 SM56808 387,688 2,344,568 2,679,869 2,344,568 2,679,869 18,748 SM89894 11,375 18,748 tl,375 18,748 11,375 150,000 SM97106 175,000 3,716 SM97306 100,000 153,716 275,000 89,326 SM97107 85,075 26,214 SM97307 14,664 115,540 99,739 2,895,044 3,354,016 2,895,044 3,354,016 Page 48 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SM) MISCELLANEOUS 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 17,711 SM8021 212,086 17,711 SM8022 212,086 3,089,419 3,686,598 2,895,044 3,354,016 212,086 SM8029 544,668 Page 49 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SP) PARK Balance Sheet Assets Cash In Time Deposits TOTAL Cash Due From Other Funds TOTAL Due From Other Funds TOTAL Assets 639,100 SP201 563,451 639,100 563,451 224,369 SP391 194,039 224,369 194,059 863,469 757,490 Page 50 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (sP) PARK Balance Sheet Liabilities Accounts Payable TOTAL Accounts Payable Other Liabilities Additional Description Retained Percentages TOTAL Other Liabilities Due To Other Funds TOTAL Due To Other Funds Due To Other Governments TOTAL Due To Other Governments Deferred Revenues TOTAL Deferred Revenues TOTAL Liabilities Unreserved Fund Balance Appropriated TOTAL Unreserved Fund Balance - Appropriated Unreserved Fund Balance Unappropriated TOTAL Unreserved Fund Balance - Unappropriated TOTAL Fund Equity TOTAL Liabilities And Fund Equity 19,735 SP600 93,172 19,735 93,172 SP688 4,515 0 4,615 15,191 SP630 15,191 0 4,498 SP631 2,779 4,498 2,779 224,369 SP691 201,489 224,369 201,489 263,793 301,955 175,000 SP910 118,083 175,000 118,083 424,676 SP911 337,452 424,676 337,452 599,676 455,535 863,469 757,490 Page 51 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SP) PARK Results of Operation i ~ ~-~ · ; ~::' EdpCode ~ 2010 Revenues Real Property Taxes TOTAL Real Properly Taxes Interest & Penalties On Real Prop Taxes TOTAL Real Property Tax Items interest And Earnings TOTAL Use of Money And Property Sales of Scrap & Excess Materials TOTAL Sale of Property And Compensation For Loss Refunds of Prior Year's Expenditures Unclassified (specify) Additional Description Rental income TOTAL Miscellaneous Local Sources TOTAL Revenues TOTAL Detail Revenues And Other Sources 972,761 972,761 197 197 5,546 5,546 0 9,893 71,597 81,490 1,059,994 1,059,994 SPIO01 941,088 941,080 SPI090 123 123 SP2401 4,808 4,808 SP2650 1,350 1,350 SP2701 106 SP2770 69,950 70,056 1,017,425 1,017,425 Page 52 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SP) PARK Results of Operation Expenditures Parks~ Pets Serv Parks, Equip & Cap Outlay Parks, Contr Expend Parks, Empl Bnfts TOTAL Parks TOTAL Culture And Rec~ation Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes TOTAL Debt Principal Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes TOTAL Debt Interest TOTAL Expenditures TOTAL Detail Expenditures And Other Uses 344,107 SP71101 337,746 230,446 SP71102 442,613 317,907 SP71104 285,034 48,274 SP71108 55,284 940,734 1,120,677 940,734 1,120,677 55,000 SP97106 37,718 SP97306 40,000 92,718 1,727 SP97107 4,296 SP97307 40,000 889 6,023 889 1,039,475 1,161,566 1,039,475 1,161,566 Page 53 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SP) PARK 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 579,157 SP8021 599,676 579,157 SP8022 599,676 1,059,994 1,017,425 1,039,475 1,161,566 599,676 SP8029 455,535 Page 54 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SR) REFUSE AND GARBAGE Balance Sheet Assets Cash In Time Deposits Petty Cash TOTAL Cash Accounts Receivable TOTAL Other Receivables (net) State & Federal Receivables TOTAL State And Federal Aid Receivables Due From Other Funds TOTAL Due From Other Funds Prepaid Expenses TOTAL Prepaid Expenses TOTAL Assets 917,020 SR201 400 SR210 917,429 99,712 SR380 99,712 892 SR410 892 761,295 SR391 761,296 42,982 SR480 42,982 1,822,301 1,160,037 400 1,160,437 133,557 133,557 0 612,463 612,463 53,295 53,298 1,959,752 Page 55 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SR) REFUSE AND GARBAGE Balance Sheet Liabilities Accounts Payable TOTAL Accounts Payable Tax Anticipation Notes Payable TOTAL Notes Payable Due To Other Governments TOTAL Due To Other Governments Deferred Revenues TOTAL Deferred Revenues TOTAL Liabilities Reserve For Encumbrances TOTAL Reserve For Encumbrances Unreserved Fund Balance Appropriated TOTAL Unreserved Fund Balance ~ Appropriated Unreserved Fund Balance Unappropriated TOTAL UnreserVed Fund Balance - Unappropriated TOTAL Fund Equity TOTAL Liabilities And Fund Equity 201,152 SR600 201,152 300,000 SR620 300,000 3,098 SR631 3,098 61%818 SR691 611,818 1,116,069 199,587 199,587 0 3,859 3,859 644,397 644,397 847,843 SR821 0 0 150,000 SR910 147,000 150,000 147,000 556,232 SR911 964,909 556,232 964,909 706,232 1,111,909 1,822,301 1,959,752 Page 56 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SR) REFUSE AND GARBAGE Results of Operation Revenues Real Property Taxes TOTAL Real Property Taxes interest & Penalties On Real Prop Taxes TOTAL Real Property Tax Items Refuse & Garbage Charges TOTAL Departmental Income Interest And Earnings TOTAL Use of Money And Property Permits, Other TOTAL Licenses And Permits Sales of Scrap & Excess Materials insurance Recoveries TOTAL Sale of Property And Compensation For Loss Unclassified (specify) Additionaf Description FI Waste Management TOTAL Miscellaneous Local Sources St Aid, Other Aid (specify) TOTAL State Aid Federal Aid - Other TOTAL Federal Aid TOTAL Revenues TOTAL Detail Revenues And Other Sources 1,907,340 SR1001 2,566,194 1,907,340 2,566,194 387 SR1090 336 387 336 1,579,897 SR2130 1,473,565 1,579,897 1,473,565 8,404 SR2401 11,400 8,404 11,400 178,982 SR2590 135,270 178,982 135,270 285,373 SR2650 287,651 3,533 SR2680 24,541 288,906 312,t92 SR2770 -848 0 -848 19,701 SR3089 10,110 19,701 10,110 SR4089 57,361 0 57,361 3,983,617 4,565,580 3,983,617 4,565,880 Page 57 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SR) REFUSE AND GARBAGE Results of Operation Expenditures Payment of Mta Payroll Tax,contr Expend TOTAL Payment of Mta Payroll Tax TOTAL General Govemment Support Refuse & Garbage, Pers Serv Refuse & Garbage, Equip & Cap Outlay Refuse & Garbage, Contr Expend TOTAL Refuae & Garbage TOTAL Home And Community Services State Retirement, Empl Bnfts Socia~ Security~ Empl Bnfts Worker*s Compensation, Empl Bnfts Disability Insurance~ Empl Bnfts 2,868 SR19804 3,426 2,868 3,426 2,868 3,426 1,014,794 SR81601 1,026,244 5,451 SR81602 2,773 1,831,977 SR81604 1,700,804 2,852,222 2,729,821 2,852,222 2,729,821 76,304 SR90108 104,177 77,572 SR90308 77,449 45,864 SR90408 54,816 26,657 SR90558 28,491 TOTAL Employee Benefits Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes 226,397 264,932 427,900 SR97106 447,900 135,000 SR97306 149,234 TOTAL Debt Principal Debt Interest, Serial Bonds Debt Interest, Bend Anticipation Notes Other Debt, Interest Interfund Loans 562;900 597,134 213,620 SR97107 203,758 15,690 SR97307 5,639 SR97697 475 57 SR97957 TOTAL Debt Interest TOTAL Expenditures Transfers, Other Funds 229,367 209,872 3,873,753 3,806,185 374,406 SR99019 354.717 TOTAL Operating Transfers TOTAL Other Uses TOTAL Detail Expenditures And Other Uses 374,406 354,717 374,406 354,717 4,248,159 4,159,903 Page 58 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SR) REFUSE AND GARBAGE 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 970,774 SR8021 706,232 970,774 SR8022 706,232 3,983,617 4,565,580 4,248,159 4,159,903 706,232 SR8029 1,111,909 Page 59 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SS) SEWER Balance Sheet Assets Cash in Time Deposits TOTAL Cash Sewer Rents Receivable TOTAL Other Receivables (net) Due From Other Funds TOTAL Due From Other Funds TOTAL Assets 292,878 SS201 285,965 292,878 285,965 1,844 SS360 1,906 1,844 1,906 2,660 SS391 570 2,660 570 297,383 288,44t Page 60 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SS) SEWER Balance Sheet Liabilities Accounts Payable TOTAL Accounts Payable Deferred Revenues TOTAL Deferred Revenues TOTAL Liabilities Unreserved Fund Balance Appropriated TOTAL Unreserved Fund Balance - Appropriated Unreserved Fund Balance Unappropriated TOTAL Unreserved Fund Balance - Unappropriated TOTAL Fund Equity TOTAL Liabilities And Fund Equity 3,233 SS600 1,584 3,233 1,684 1,043 SS691 1,043 0 4,276 1,584 232,100 SS910 182,085 232,100 182,085 61,007 SS911 104,772 61,007 104,772 293,107 286,857 297,383 288,441 Page 61 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SS) SEWER Results of Operation Revenues Real Property Taxes Special Assessments TOTAL Real Property Taxes Interest & Penalties On Spec Assessments TOTAL Real Property Tax Items Sewer Charges TOTAL Departmental Income Interest And Earnings TOTAL Use of Money And Property Sales of Equipment TOTAL Sale of Property And Compensation For Loss Refunds of Prior Year's Expenditures TOTAL MisCellaneous Local Sources TOTAL Revenues TOTAL Detail Revenues And Other Sources 4,500 SS1001 4,375 2,422 SS1030 2,422 6,922 6,797 1 SS1091 1 t 1 36,281 SS2122 24,022 36,281 24,022 751 SS2401 734 761 734 SS2665 257 0 257 SS2701 187 0 187 43,956 31,998 43,966 31,998 Page 62 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SS) SEWER Results of Operation Expenditures Sewage Treat Disp, Contr Expend TOTAL Sewage Treat Dfsp TOTAL Home And Community Services Debt Principal, Serial Bonds Debt Principal, Bend Anticipation Notes TOTAL Debt Principal Debt Interest, Serial Bonds Debt Interest, Bend Anticipation Notes TOTAL Debt Interest TOTAL Expenditures TOTAL Detail Expenditures And Other Uses 31,313 SS81304 23,295 31,313 23,295 31,313 23,295 2,250 SS97106 8,175 4,031 SS97306 6,281 8,175 243 SS97107 6,778 1,365 SS97307 1,608 6,778 39,203 38,248 39,203 38,248 Page 63 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SS) 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 288,354 SS8021 293,107 288,354 SS8022 293,107 43,956 31,998 39,203 38,248 293,107 SS8029 286,857 Page 64 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (SS) SEWER Budget Summary Estimated Revenues Est Rev - Real Property Taxes Est Rev - Departmental Income Est Rev - Use of MoneyAnd Property TOTAL Estimated Revenues Appropriated Fund Balance TOTAL Estimated Other Sources TOTAL Estimated Revenues And Other Sources 4,375 SS1049N 33,000 SS1299N 30,000 5,100 SS2499N 100 42,475 30,100 232,100 SS599N 182,085 232,"100 182,085 274,575 212,t85 Page 65 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (ss) SEWER Budget Summary Appropriations App - General Government Support App - Home And Community Services App - Debt Service TOTAL Appropriations TOTAL Appropriations And Other Uses 12,000 187,500 75,075 274,575 274,675 SS1999N SS8999N SS9899N 25,500 186,685 212,185 212,186 Page 66 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (TA) AGENCY Balance Sheet Assets Cash Time Deposits TOTAL Cash Due From Other Funds TOTAL Due From Other Funds TOTAL Assets 19,176,273 TA200 17,861,566 356,707 TA201 363,528 19,532,980 18,229,094 1,168 TA391 306 1,166 306 19,534,145 18,225,399 Page 67 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (TA) AGENCY Balance Sheet Liabilities Due To Other Funds TOTAL Due To Other Funds Due To Other Governments TOTAL Due To Other Governments Nys Income Tax Income Executions Assoc & Union Dues Guaranty & Bid Deposits TOTAL Agency Liabilities TOTAL Liabilities TOTAL Liabilities And Fund Equity 28,786 28,786 18,948,332 18,948,332 823 11,874 544,330 557,027 19,834,145 19,534,t46 TA630 36,838 36,838 TA631 17,607,497 17,607,497 TA21 905 TA23 711 TA24 11,453 TA30 567,996 581,065 18,225,399 18,225,399 Page 68 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 Balance Sheet Page 69 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 Balance Sheet Page 70 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (v) DEBT SERVICE Results of Operation Interest And Earnings TOTAL Use of Money And Property Premium & Accrued Interest On Obligations TOTAL Miscellaneous Local Sources TOTAL Revenues Serial Bonds Advanced Refunding Bonds TOTAL Proceeds of Obligations TOTAL Other Sources TOTAL Detail Revenues And Other Sources V2401 0 0 70,614 V2710 70,614 0 70,614 0 V5710 2,125,000 V5791 2,125,000 0 2,125,000 0 2,t95,614 Page 71 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (V) DEBT SERVICE Results of Operation Expenditures Fiscal Agents Fees, Contr Expend TOTAL Fiscal Agents Fees TOTAL General Government :Support Debt Principal Serial Bonds TOTAL Debt Principal Debt Interest, Serial Bonds TOTAL Debt Interest TOTAL Expenditures Repayments To Ese Agent Adv Ref Bonds V13804 0 0 0 0 30,133 V97106 30,133 40,481 V97107 40,481 0 70,614 2,125,000 V99914 TOTAL Other Uses TOTAL Detail Expenditures And Other Uses 2,125,000 0 2,125,000 0 2,195,614 0 Page 72 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (V) DEBT SERVICE 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 2,195,614 2,195,614 0 V8021 0 V8022 0 V8029 0 Page 73 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (W) GENERAL LONG-TERM DEBT Balance Sheet Asse~ Totat Non-Current GovtLiabilities TOTAL ProvisionToBe Madeln Future Budgets TOTAL Assets 43,251,553 w129 40,919,372 43,251,553 40,919,372 43,251,553 40,919,372 Page 74 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2010 (W) GENERAL LONG-TERM DEBT Balance Sheet General Long Term Debt Judgments And Claims Payable Compensated Absences TOTAL Other Liabilities Bonds Payable TOTAL Bond And Long Term Liabilities TOTAL Liabilities TOTAL General Long Term Debt 47,664 W686 7,785,889 W687 7,544,372 7,833,553 7,544,372 35,418,000 W628 33,375,000 35,418,000 33,375,000 43,251,553 40,919,372 43,201,553 40,919,372 Page 75 OSC Municipality Code 470379000000 TOWN OF Southold Financial Comments For the Fiscal Year Ending 2010 Page 76 TOWN OF Southold ARRA Reporting For the Fiscal Year Ending 2010 (CD) SPECIAL GRANT Revenues Fed Aid, Community Development Act CD4910 Total ARRA Revenues: 39,000 39,000 Page 77 (CD) SPECIAL GRANT Expenditures Public Works Fac Site, Equip & Cap TOWN OF Southold ARRA Reporting For the Fiscal Year Ending 2010 CD86622 Total ARRA Expenditures: 39,000 39,000 Page 78 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2010 Water and Other Purposes Exempt From Constitutional Debt Limit Tax Anticipation Note No. 2009000001 Amount Month and Year of Issue 12/15/2009 Purpose of Issue Solid Waste District Current Interest Rate 9500 Outstanding Beginning of Year 2P18611 300,000 Prior Year Adjustment 0 Issued During the Fiscal Year (do not include renewals here) 2P18613 0 Paid During the Fiscal Year (do not include renewals here) 2P186i5 300,000 Outstanding End of the Fiscal Year 2p18617 0 Final Maturity Date 2/15/2010 EDPCODE Total Tax Anticipation Note Outstanding Beginning of Year Prior Year Adjustment Issued During Fiscal Year Paid During Fiscal Year Outstanding End of Year Amount 300,000 0 0 300,000 0 Page 79 OSC Municipality Code 470379000000 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2010 Indebtedness Not Exempt From Constitutional Debt Limit Bond Anticipation Note No. 2010000001 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fisca! Year Final Maturity Date EDPCODE Amount 9/2/2 010 ;om Wastewater Plant .0058 2P18761 0 0 2P18763 700,000 2P18765 2P18767 700,000 9/2/2011 Bond Anticipation Note No. 2008000001 EDPCODE Amount Month and Year of Issue 4/i9/2008 Purpose of Issue ........... ~te~.l~p~ovements Current Interest Rate .0190 Outstanding B~ginning of Year ?~1876~ 54,000 Prior Year Ad~iust~¢nt .... 0 Issued During th~ Eisca! Ye~f (do not include renewals here) 2P18763 0 Paid During the Fiscal Year (do not include renewals here) 2P18765 54,000 Outstanding End of the Fiscal Year 2P18767 0 Final Maturity Date 4/17/2012 Bond Anticipation Note No. 2010000002 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the F!scal Year (do not include renewals here) Paid During the Fiscal Year (do not inc!ude renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 9/2/2010 FI Roads & Drainage .0058 2P18761 0 0 2P18763 1,400,000 2P18765 2P18767 1,400,000 9/2/2011 Page80 OSC Municipality Code470379000000 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2010 Indebtedness Not Exempt From Constitutional Debt Limit Bond Anticipation Note No. 2003000001 Month and Year of Issue Purpose of issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 9/12/2003 New LondenTerminal .0097 2P18761 850,000 0 2P18763 2p18765 2P18767 0 lO0,0oo 750,000 9/12/2006 Bond Anticipation Note No 2007000003 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year P~ior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE 2P18761 2p18763 2P18765 2P18767 Amount 4/20/2007 Center Improvements 1070 120,000 0 0 6,000 114,000 4/20/2012 Bond Anticipation Note No. 2008000002 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 9/5/2008 1-ax Receiver Software .0058 2P18761 75,000 0 2P18763 0 2P18765 20,000 2P18767 55,000 9/5/2013 Page 81 OSC Municipality Code 470379000000 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2010 Indebtedness Not Exempt From Constitutional Debt Limit Bond Anticipation Note No. 2007000004 EDPCODE Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year 2P18761 Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) 2P18763 Paid During the Fiscal Year (do not include renewals here) 2P18765 Outstanding End of the Fiscal Year 2P18767 Final Maturity Date Amount 9/7/2007 ~he Sea Road Improve .0058 100,000 0 0 86,000 14,000 9/7/2012 Bond AnticiPation Note No. 2008000005 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid Durin9 the Fiscal Year (do not inc!ude renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 12/16/2008 ~ste District Equipment .0058 2P18761 100,000 0 2P18763 0 2P18765 100,000 2P18767 0 9/5/2013 Bond Anticipation Note No. 2007000005 EDPCODE Amount Month and Year of Issue 9/7/2007 Purpose of Issue the Sea Road Improve Current Interest Rate ,0058 Outstan~ing B~ginning of Year 2P18761 24,000 Prior Year Adjustment 0 Issued During the Fiscal Year (do not include renewals here) 2P18763 0 Paid During the Fiscal Year (do not include renewals here) 2P18765 3,000 Outstanding End of the Fiscal Year 2P18767 21,000 Final Maturity Date 9/7/2017 Page 82 OSC Municipality Code 470379000000 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2010 Indebtedness Not Exempt From Constitutional Debt Limit Bond Anticipation Note No. 2008000004 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 9/5/2008 ;nt Domain Acquisition ,0058 2P18761 379,000 0 2P18763 0 2P18765 99,000 2P18767 280,000 9/5/2013 Bond Anticipation Note No. 2008000006 Month and Year of Issue Purpose of Issue Current Interest Rate Ouis~anding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 12/16/2008 Ck Park District Sports .0058 2P18761 ..... 90,000 0 2P18763 0 2P18765 40,000 2P18767 50,000 9/5/2013 Bond Anticipation Note No, 2007000006 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the FisCal year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 9~7~2007 Animal Shelter .0058 2P18761 2,580,000 0 2P18763 0 2P18765 191,000 2P18767 2,389,000 9/7/2012 Page 83 OSC Municipality Code 470379000000 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2010 Indebtedness Not Exempt From Constitutional Debt Limit Bond Anticipation Note No. 2008000007 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 4/18/2008 Highway Dump Truck .0107 2P18761 10~,~00 0 2P18763 2P18765 2P18767 27,000 75,000 4/18/2013 Bond Anticipation Note No. 2008000008 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding ~nd of !he Fiscal Year Final Maturity Date EDPCODE Amount 4/18/2008 wn Hall Improvements .0107 2P18761 95,000 0 2P18763 0 2P18765 ~ 40,000 ;2P18767 55,000 4/18/2013 Bond Anticipation Note No. 2008000003 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not inc!ude renewals here) Paid During the Fisca! Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 9/5/2008 ;olid Waste Equipment .0058 2P18761 490,000 0 2P18763 0 2P18765 175,000 2P18767 315,000 9/5/2013 Total Bond Anticipation Note Outstanding Beginn!ng Of Year Prior Year Adjustment Issued During Fiscal Year Paid During Fiscal Year Outstanding End of Year *** Bond Anticipation Notes Redeemed From Bond Proceeds During Fiscal Year 2P18885 Amount 5,059,000 0 2,100,000 941,000 6,218,000 234,573 Page 84 OSC Municipality Code 470379000000 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2010 Indebtedness Not Exempt From Constitutional Debt Limit Bond No. 2000000014 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustme.nt Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 2/15/1996 FI Landfill Closure 3.9000 2P18771 90~000 0 2P18773 0 !2P18775 15,000 2P18777 , 75,000 12/15/2014 Bond No. 2008000009 Month and Year of Issue Purpose of !ssue Current Interest Rate Outstanding Beg!nn!ng of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 5/15/2008 ious Purposes -- 2008 ~0400 2P18771 8,525,000 0 2P18773 2P18775 2P18777 325,000 8,200,000 5/15/2030 Bond No. 2005000004 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning cfi Year Prior YearAdjustment ,, Issued During the Fiscal Year (do not,!nclude renewals here) Paid During the Fiscal Year (do not include renewals here) Outstandin,~ End of the Fiscal Year Final Maturity Date 12P18771 EDPCODE Amount 2/8/2005 efunding Serial Bonds 2.5000 1,105,000 0 2P18773 0 2P18775 260,000 2P18777 845,000 2/15/2015 Page85 OSC MunicipalityCode470379000000 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2010 Indebtedness Not Exempt From Constitutional Debt Limit Bond No. 2005000003 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beg!nning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE 2P18771 2P18773 2P18775 2P18777 Amount 3/1/2005 New London Terminal .0375 2,250,000 0 175,000 2,075,000 9/1/2021 Bond No, 2009000003 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning ,of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 5/1/2009 ===~ Refunding Bonds ~ 2.0000 ~.P18771 2,125,000 0 2P18773 0 2P18775 210,000 2P18777 1,915,000 5/1/2019 Bond No. 2004000008 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE Amount 7/22/2004 hogue Landfill Closure 1.2010 2P18771 21615,000 0 2P18773 0 2P18775 260,000 2P18777 2,355,000 2/15/2018 Page 86 OSC Municipality Code 470379000000 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2010 Indebtedness Not Exempt From Constitutional Debt Limit Bond No. 2009000002 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning Of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE 2P18771 2P18773 2P18775 2P18777 Amount 3/15/2009 Various Purposes 3.0000 5,283,000 0 123,000 5,160,000 3/15/2030 Bond No 2000000002 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals~here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE 2P18771 2P18773 2P18775 2P18777 Amount 2/15/1991 Various 6.3750 200,000 0 100,000 100,000 2/i5)2011 Page 87 OSC Municipality Code 470379000000 TOWN OF Southold Statement of Indebtedness For the Fiscal Year Ending 2010 Indebtedness Not Exempt From Constitutional Debt Limit Bond No 2007000001 Month and Year of Issue Purpose of Issue Current Interest Rate Outstanding Beginning of Year Prior Year Adjustment Issued During the Fiscal Year (do not include renewals here) Paid During the Fiscal Year (do not include renewals here) Outstanding End of the Fiscal Year Final Maturity Date EDPCODE 2P18771 2P18773 2P18775 2P18777 Amount 4/15/2007 o Imorovement Bonds 0400 13.225 000 0 575300 12.650.000 4/15/2030 Total Bond Outstanding Beginning of Year Prior Year Adjustment Issued During Fiscal Year Paid During Fiscal Year Outstanding End of Year Amount 35,418,000 0 0 2,043,000 33,375,000 Total of AII Indebtedness Includes Total of Bonds and Notes - Exempt and Not Exempt Total Bond Outstanding Beginning of Year Prior Year Adjustment Issued During Fiscal Year Paid During Fiscal Year Outstanding End of Year Amount 40,777,000 0 2,100,000 3,284,000 39,593,000 Page 88 OSC Municipality Code 470379000000 TOWN OF Southold Schedule of Time Deposits and Investments For the Fiscal Year Ending 2010 CASH: On Hand Demand Deposits Time Deposits Total COLLATERAL: - FDIC Insurance Collateralized with securities held in possession of municipality or its agent Total EDP Code 9Z2001 9Z2011 9Z2021 9Z2014 9Z2014A Amount $2,432.00 $29,515,665.00 $12,010,807.00 $41,528,90400 $1,100,00000 $52,911,751.00 $54,011,75100 INVESTMENTS: - Securities (450) Book Value (cost) Market Value at Balance Sheet Date Collateralized with securities held in possession of municipality or its agent 9Z4501 $0.00 9Z4502 $0.00 9Z4504A $0.00 Repurchase Agreements (451) Book Value (cost) Market Value at Balance Sheet Date Collateralized with securities held in possession of municipality or its agent 9Z4511 $0.00 9Z4512 $0.00 9Z4514A $0.00 Page 89 OSC Municipality Code 470379000000 TOWN OF Southold Local Government Questionnaire For the Fiscal Year Endin9 2010 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? 4) Does your local government participate in an investment pool with other local governments? 5) Does your municipality have a Length of Service Award Program (LOSAP) for volunteer firefighters? 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? 8) Have you had a change in chief executive or chief fiscal officer during the last year? 9) Has your Local Government adopted an investment policy as required by General Municipal Law, Section 39? Response ~s ~s ~s ~s No ~s No No Page 90 TOWN OF Southold Employee and Retiree Benefits For the Fiscal Year Ending 2010 Account Code Total Full Time Employees:I 232 Total Part Time Employees:I 279 Description Total Expenditures (All Funds) $1,159,35950 90108~ State Retirement System 90158 90258 90308 Police and Fire Retirement $935.45230 Local Pension Fund $0 00 Social Security $1,302,864 34 # of Full Time Employees 90408- Worker's Compensation + $401,26032 Insurance Life Insurance $0 00 Unemployment Insurance $34,21925 # of Part Time Employees 179 90458 90508 90558 90608 90708 90858 91890 # of Retirees 52 2I 232 28~ 231' 211[ Disability Insurance $9,320 83~ 160 136; Hospital and Medical $4,780,83687 212 14 (Dental) Insurance Union Welfare Benefits $349,507 12~ 212 t 01 / 3upplemental Benefit Payment to $0 Disabled Fire Fighters Other Employee Benefits $34,30956 223 122l / Computed Total From Financial Section (comparative purposes only) Total $9,007,130.09 $9,007,129.14 5 5 108 Page 91 OSC Municipality 470379000000 Energy Type Gasoline Diesel Fuel Fuel Natural Gas Electricity Coal Total Expenditures $260,087 $440,242 $20,722 $40,932 $324,147 $ TOWN OF Southold Energy Costs and Consumption For the Fiscal Year Ending 2010 Total Volume Units Of Measure 102,732 gallons 174,736 gallons 8,172 gallons 29,202 cubic feet 1,779,685 kilowatts tons Alternative Units Of Measure therms Page 92 OSC Municipality 470379000000 TOWN OF Southold Schedule of Other Post Employment Benefits (OPEB) For the Fiscal Year Ending 2010 Annual OPEB Cost and Net OPEB Obligation Type of Other Post Employment Benefits Plan Annual Required Contribution(ARC) Interest on Net OPEB Obligation Adjustment to Annual Required Contribution Annual OPEB Expense Less: Actual Contribution Made Increase in Net OPEB Obligation Net OPEB Obligation - beginning of year Net OPEB Obligation - end of year Total Other Post Employment Benefits as repot[ed in Accounts 683 in Financial Section, Current Fiscal Year Percentage of Annual OPEB Cost Contributed (Actual Contribution Made/Annual OPEB Cost) Funded Status and Funding Process Actuarial Accrued Liability(AAL) Less: Actuarial Value of Plan Assets Unfunded Actuarial Accrued Liability(UAAL) Funded Ratio(Actuarial Value of Plan Assets/AAL) Annual Covered Payroll (of active employees covered by the plan) UAAL as Percentage of Annual Covered Payroll Other OPEB Information Date of most recent actuarial valuation Actuarial method used Assumed rate of return on investments discount rate Amortization period of UAAL(in years) Agent Multiple-Employer Defined Benefits $6,402,327 00 $140,57400 ($203,23500) $6,339,66600 $1,294,97900 $5,044,68700 $3,674,87900 $8,719,56600 2043% $62,493,28000 $000 $62,493,28000 0.0000 $14,754,95200 42354% 01/01/2009 Ent~ Age 4 00% 30 00 Page 93 OSC Municipality 470379000000 CERTIFICATION OF CHIEF FISCAL OFFICER I, Scott Russell , hereby certify that I am the Chief Fiscal Officer of the Town of Southold , and that the information provided in the annual financial report of the Town of Southold , for the fiscal year ended 12/31/2010 , 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 Town of Southold's annual financial report, I am evidencing my express intent to authenticate my certification of the Town of Southold's annual financial report for the fiscal year ended 12/31/2010 and flied by means of electronic data transmission. John Cushman Name of Report Preparer if different than Chief Fiscal Officer Name (631) 765-4333 Supervisor Telephone Number Title 04/26/2011 Date of Certification PO Box 1179, Southold, NY 11971 Official Address (631) 765-1889 Official Telephone Number Page 94 Municipality Code 470379000000 TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2010 A. Summary of Si.qnificant Accountin.q 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 Reporting 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 ©fficer 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 31,2010 A. Summary of Significant Accountin,q Policies (continued) 1. Financial Reporting Entity (continued) The Fishers Island Ferry District, established in 1947 Orient Mosquito District, established in 1916 Fishers Island Waste Management 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 Fishers Island Waste Management District Fishers Island, NY 06390 Cutchogue-New Suffolk Park District P.O. Box 311 Cutchogue, NY 11935 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 31,2010 A. Summary of Significant Accounting Policies (continued) 2. Fund Accounting (continued) Fund Categories 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: Highway 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 Projects 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 Agency 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 $1,2010 A. Summary of Si.qnificant Accountin.q 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 Accounting/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 31,2010 A. Summary of Significant Accounting 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 Equity 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 Equipment - 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 SOUTHOLD Notes To Financial Statements December 31, 2010 A. Summary of Significant Accounting Policies (continued) 5. Assets, Liabilities and Fund Equity (continued) Long-Term Obligations 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 Equity- Reservations and Designations 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 $1,2010 A. Summary of Significant Accounting 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. Operating 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. Interfund eliminations have not been made in the aggregation of the data. TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2010 B. Stewardship, Compliance, Accountability Bud.qetary Data 1. Bud,qet Basis of Accounting 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. Budget 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 SOUTHOLD Notes To Financial Statements December 31,2010 B. Stewardship, Compliance~ Accountability (continued) 4. Fund Balances 1. Certain funds of the Town apply to areas less than the entire Town. equity at December 31, 2010 is allocated as follows: General Fund (Town wide) Special Revenue Funds General Fund Part Town 641,634 Highway Fund -- Part Town 640,289 Special District Funds Orient by the Sea Road Improvement District 2,179 East-West Fire Protection 6,422 Southold Wastewater Disposal 255,066 Fishers Island Sewer 31,791 Solid Waste Management 245,105 Discretely Presented Component Units Fishers Island Waste Management 866,804 Fishers Island Ferry 543,180 Cutchogue-New Suffolk Park 108,273 Southold Park 9,351 Orient-East Marion Park 5,748 Mattituck Park 332,163 Orient Mosquito 1,488 Total $11,074,126 $ 7,384,633 The fund Deficit Fund Balances There were no deficit fund balances at December 31,2010. 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. 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. TOWN OF SOUTHOLD Notes To Financial Statements December 31,2010 C. Detail Notes on all Funds and Account Groups (continued) 1. Assets (continued) 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, 2010 the cash in banks was $41,526,472 and collateral held against cash in banks was $54,011,751 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 SOUTHOLD Notes To Financial Statements December 31,2010 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 Southold for the year ended December 31, 2010 is as follows: Primary Government: Land Buildings & Improvements Other Improvements Construction in Progress I nfrastructu re Machinery & Equipment Total Balance Balance 01/01/2010 Additions Deletions 12/31/2010 $98,554,908 $6,795,483 $105,350,391 11,914,655 3,197,571 $2,691,508 12,420,718 11,000,434 35,511 11,032,945 3,450,335 1,050,461 3,179,236 1,321,560 73,271,700 322,919 73,594,619 11,191,806 246,354 209,415 11,228,745 $209,383.838 $11,645,2995 6,080,159 $214.948.978 Component Units: Land Buildings & Improvements Other Improvements Construction in Progress Infrastructure Machinery & Equipment Total Balance 01/01/2010 Additions $2,193,349 14,357,846 $ 208,501 6,482,064 232,028 107,912 2,744,863 59,557 3,450,805 75,250 $ $29,228,927 $ 683,248 $ Deletions 7,742 7,742 Balance 12/31/2010 $2,193,349 14,566,347 6,714,092 107,912 2,804,420 315181313 $29,904,433 3. Interfund Receivables and Payables Interfund receivables and payables for the primary were as follows: Fund General Fund Whole Town General Fund Part Town Highway Fund Part Town East-West Fire Protection District Solid Waste Management District Wastewater Disposal District Fishers Island Sewer District Capital Projects Trust & Agency Total Interfund Interfund Receivables $ 469,887 210,174 983,329 151,671 502,491 55 515 135,115 3O6 $ 2,453,543 government at December 31, 2010 Intedund Payables $ 2,433,663 1,537 1,825 16,518 $ 2,453,543 TOWN OF SOUTHOLD Notes To Financial Statements December 31,2010 C. Detail Notes on all Funds and Account Groups (continued) 4. Due To/From Primary Government and Component Units Component Units: Fishers island Waste Management 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 Trust and Agency Amount Receivable $ 109,972 158,674 17,028 27,671 67,049 7,290 92,029 Amount Payable $ 459,393 20,320 Totals $ 479,713 $ 479,713 5. Indebtedness 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 Iife of the permanent financing, provided that stipulated annual reductions of principal are made. To Be Redeemed 2011 Interest Budget Description Amount Rate Appropriations Bonds Various Purposes $ 244,000 1.07% $ 117,000 $ 127,000 Various Purposes 5,224,000 .58% 731,000 4,493,000 New London Wharf 750,000 .97% 100,000 650,000 Total $ 6,218,000 $ 948,000 $ 5,270,000 TOWN OF SOUTHOLD Notes To Financial Statements December 31,2010 C. Detail Notes on all Funds and Account Groups (continued) 5. Indebtedness (continued) LonR-Term Debt a) At December 31,2010 the total outstanding indebtedness of the Town, excluding the above obligations aggregated $33,375,000. ©f this amount, $31,209,825 was subject to the constitutional debt limit and, combined with the short-term debt listed above, represented 5% 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: Judgments & Claims Payable - Represents the value of the outstanding liability due the United States Department of Justice for an action brought against the Fishers Island Ferry District. · Compensated Absences - Represents the value of earned and unused portion of the liability for compensated absences. d) Summary Long-Term Debt - The following is a summary of long-term liabilities outstanding at December 31, 2010 by fund type and account group: General Long Term Debt Account Group Liability Serial Bonds $ 31,300,000 Compensated Absences 7,544,372 Discretely Presented Component Unit Total $ 2,075,000 $ 33,375,000 7,544,372 Total Long~Term Debt Account Group $ 38,844,372 $ 2,075,000 $ 40,919,372 TOWN OF SOUTHOLD Notes To Financial Statements December 31,2010 C. Detail Notes on all Funds and Account Groups (continued) 5. Indebtedness (continued) Long-Term Debt (continued) e) The following is a summary of changes in the long-term liabilities for the period ended December 31,2010: Bonds and Judgments and/Claims Compensated Notes Payable Absences Payable at beginning of Year $ 35,418,000 $ 47,664 $ 7,785,889 Additions Deletions 2,043,000 47,664 241,517 Payable at end of Year $ 33,375,000 $ 0 $ 7.544.372 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 31,2010: Year Endinq Principal Interest 2011 2,165,000 1,268,833 2012 2,130,000 1,195,581 2013 1,965,000 1,125,731 2014 1,980,000 1,056,464 2015 2,000,000 984,124 2016-2020 9,125,000 3,816,359 2021-2025 7,270,000 2,188,356 2026-2030 6,740,000 725,791 Totals $33.375.000 $12,361,239 6. Retirement System Plan Description 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 31,2010 C. Detail Notes on all Funds and Account Groups (continued) 6. Retirement System (continued) The Town of Southold padicipates in the New York State and Local Employees' Retirement System (ERS), the New York State and Local Police and Fire Retirement System (PFRS) and the Public Employees' Group Life Insurance Plan (Systems). These are cost-sharing multiple-employer retirement systems. The Systems provide retirement benefits as well as death and disability benefits. Obligations of employers and employees to contribute and benefits to employees are governed by the New York State Retirement and Social Security Law (NYSRSSL). 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 transaction 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 to the New York State and Local Retirement Systems, 110 State Street, Albany, NY 12244. Funding 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 for the first ten years of membership and employees who joined on or after January 1, 2010 (ERS) or January 9, 2010 (PFRS) who generally contribute 3% of their salary for the entire length of service. Under the authority of the NYSRSSL, the Comptroller annually certifies the actuarially determined rates used in computing the employers' contributions based on salaries paid during the Systems' fiscal year ending March 31. Contributions for the current year and two preceding years were equal to 100% of the contributions required, and were as follows ERS PFRS 2010 $1,265,284 $ 957,407 2009 $ 794,550 $ 861,865 2008 $ 932,918 $ 905,458 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 in accordance with the following schedule: · For State fiscal year (SFY) 2004-05, the amount in excess of 7 percent of employees' covered pensionable salaries, with the first payment of those pension costs not due until the fiscal year succeeding that fiscal year in which the bonding/amortization was instituted. · For SFY 2005-06, the amount in excess of 9.5 percent of employees' covered pensionable salaries. TOWN OF SOUTHOLD Notes To Financial Statements December 31,2010 C. Detail Notes on all Funds and Account Groups (continued) 6. Retirement System (continued) · For SFY 2007-08, the amount in excess of 10.5 percent of employees' covered pensionable salaries. This law requires participating employers to make payments on a current basis, while bonding or amortizing existing unpaid amounts relating to the System's fiscal years ending March 31, 2005 through 2008. The Town elected to make all payments on a current basis. Chapter 57 of the Laws of 2010 of the State of New York was enacted that allows local employers to amortize a portion of their retirement bill for 10 years in accordance with the following stipulations: · For State fiscal year 2010-11, the amount in excess of the graded rate of 9.5 percent of employees' covered pensionable salaries, with the first payment of those pension costs not due until the fiscal year succeeding that fiscal year in which the amortization was instituted. · For subsequent State fiscal years, the graded rate will increase or decrease by up to one percent depending on the gap between the increase or decrease in the System's average rate and the previous graded rate. · For subsequent State fiscal years in which the System's average rates are lower than the graded rates, the employer will be required to pay the graded rate. Any additional contributions made will first be used to pay off existing amortizations, and then any excess will be deposited into a reserve account and will be used to offset future increases in contribution rates. This law requires participating employers to make payments on a current basis, while amortizing existing unpaid amounts relating to the System's fiscal years when the local employer opts to participate in the program. The Town has elected to make its payments on a current basis. 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. TOWN OF SOUTHOLD Notes To Financial Statements December 31,2010 C. Detail Notes on all Funds and Account Groups (continued) 7. Post Retirement Benefits (continued) 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, $4,626,530 was paid on behalf of 105 retirees and 208 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. 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 Contingencies The Town is self-insured for medical insurance and general liability insurance. The amount of medical claims outstanding at December 31, 2010 is $272,213. The amount of general liability claims outstanding at December 31, 2009 is $6,526. 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 medica~ 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 $660,000 over seven years. Construction of the final cover commenced in the summer of 2001 and was completed in the fall of 2003. TOWN OF SOUTHOLD Notes To Financial Statements December 31 2010 D. Commitments and Contingencies (continued 1. Landfill Closure and Post Closure Care Costs (continued) 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. 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, 2009 were approximately $135,817. Future obligations over the primary terms of the Town's leases as of December 31,2009 are as follows: 2010 $ 255,466 2011 225,798 2012 209,139 2013 109,039 2013 &thereafter 369,873 Total $1,169,315 TOWN OF SOUTHOLD Notes To Financial Statements December 31,2010 E. Condensed Financial Statements for the Discretely Presented Component Units The following represents condensed financial statements for the discretely presented component units as of and for the year ended December 31,2010. Condensed Balance Sheet Assets and Other Debits Liabilities Amounts to be Due From Property Provided for Other Bonds and Current Primary Building & Long-Term Current Long-Term Assets Government Equipment Debt Liabilities Liabilities Fishers Island Ferry District $ Fishers Island Waste Mgt District Cutchogue-New Suffolk Park Dist. Southold Park District Orient-East Marion Park District Mattituck Park District Odent Mosquito District 826,183 $ 158,674 $ 22,556,679 $ 2,075,000 $ 283,003 $ 2,075,000 1,003,985 109,972 3,545,519 137,181 135,944 27,671 145,705 27,671 79,179 67,049 1,101,666 69,828 13,038 7,290 432,985 7,290 529,329 92,029 2,690,988 197,166 18,516 17,028 30,891 17,028 ~ $ 479.71~33 $ 29~904~433 $ 2.075.000 $ 739.16~7 $ 2.075.000 Condensed Statement of Revenues, Expenditures and Changes in Fund Balances Fishers Island Ferry District Fishers Island Waste Mgt District Cutchogue-New Suffolk Park Dist. Southold Park District Orient-East Marion Park District Mattituck Park District Orient Mosquito District Excess (Deficiency) Expenditures of Revenues Capital Debt and Revenues Current Outlay Service Expenditures $ 3,606,549 $ 2,432,998 $ 480,716 $ 374,739 $ 318,096 426,207 472,208 (46,001) 130,950 85,954 51,970 (6,974) 351,776 296,603 129,694 (74,521) 36,930 31,129 1,689 4,112 497,768 305,267 259,260 40,889 (107,648) 80,049 85,563 (5,514) $ 5.130.229 $ 3.709.722 $ 923.329 $ 415.628 $ 81.550 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~'~., day of r'~.v~..~, 2011, she affixed a notice of which the annexed printed notice is ~-' a line copy, in a proper and substantial manner, in a most public place in the Town of Southold, Suffolk County, New York, to wit: Town Clerk's Bulletin Board, 53095 Main Road, Southold, New York. Re: 2010 Annual Financial Report Sworn before me this 62 ¢"~ day of ~ ,2011. - I lq~taryZPublic /--i L1NDA J COOPER NOTARY PUBLIC, State of New York NO. 01 C04822563, SuCfolk Country, Term Expires December 31, 20_L~ C) Elizabeth A. Neville '-- Southold Town Clerk