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Home My WebLink About2012All 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 12/31/2012 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 bythe 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 Repod filed by your government for the fiscal year ended 2011 and has been used by the OSC as the basis for preparing this update document for the fiscal year ended 2012: (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 2011 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 2012 (A) GENERAL Balance Sheet Assets Cash 9,490,981 A200 9,364,667 Cash In Time Deposits 4,115,081 A201 4,601,039 Petty Cash 297 A216 581 Taxes Receivable, Current 965 A256 8,515 Accounts Receivable 888,251 A380 66,616 State & Federal, Other 277,607 A416 436,296 Due From Other Funds 553,288 A391 558,783 Due From Other Governments 1,035,603 A440 1,053,616 Inventory 2,623 A445 1,766 Prepaid Expenses 694,357 A486 717,107 Page 3 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (A) GENERAL Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~FFFFFFFFFFFFFFFFFFFd IIIIIIII I~t~f~/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~///////////////////~ Liabilities Accounts Payable 2,357,568 A600 985,137 Due To Other Funds 2,772,316 A630 2,783,892 Due To Other Governments 1,179 A631 778 Deferred Revenues 3,882,585 A691 4,207,651 Not in Spendable Form Insurance Reserve Assigned Appropriated Fund Balance Assigned Unappropriated Fund Balance Unassigned Fund Balance 696,988 A806 718,873 1,499,068 A863 976,820 1,815,989 A914 2,780,800 A915 4,833,317 A917 4,356,629 Page 4 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (A) GENERAL Results of Operation Revenues Real Property Taxes 21,734,453 Al001 22,412,761 Other Payments In Lieu of Taxes Interest & Penalties On Real Prop Taxes 31,114 A1081 32,526 54,651 A1090 54,581 Non Prop Tax Dist By County 885,473 Al120 885,473 Clerk Fees Other General Departmental Income Police Fees Charges For Demolition of Unsafe Buildings Other Public Safety Departmental Income Charges-Programs For The Aging Park And Recreational Charges Special Recreational Facility Charges Other Home & Community Services Income 5,400 A1230 4,050 7,848 A1255 8,248 555 A1289 781 6,543 A1520 7,147 A1570 6,206 A1589 2,309 199,619 A1972 193,418 100,883 A2001 100,705 162,006 A2025 2,000 46,920 A2189 40,510 General Services, Inter Government Programs For Aging, Other Govts 178,229 A2210 194,946 146,111 A2351 143,338 Interest And Earnings Rental of Real Property 72,794 A2401 60,265 197,279 A2410 197,815 Bingo Licenses Dog Licenses Permits, Other 811 A2540 653 8,815 A2544 8,776 259,925 A2590 243,373 Fines And Forfeited Bail Forfeitures of Deposits Forfeiture of Crime Prceeds Restricted 183,975 A2610 171,188 250 A2620 730 163 A2626 Sales of Scrap & Excess Materials Sales, Other Insurance Recoveries 2,386 A2650 6,134 1,074 A2655 966 1,020,711 A2680 345,596 Reimbursement of Medicare Part D Exp Refunds of Prior Year's Expenditures Gifts And Donations Employees Contributions Unclassified (specify) 70,605 A2700 80,346 35,089 A2701 9,065 23,606 A2705 52,250 155,257 A2709 163,533 25,828 A2770 1,303 St Aid, Mortgage Tax St Aid - Other (specify) St Aid, Trans Cap Grants (spec) Page 5 974,928 A3005 989,154 66,088 A3089 23,912 94 A3597 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (A) GENERAL Results of Operation Revenues St Aid, Youth Programs 25,915 A3820 19,376 St Aid Emergency Disaster Assistance 39,066 A3960 31,095 Federal Aid - Other 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 19,637 A4989 29,842 A4389 9,985 19,898 A4597 3,197 101,230 A4772 121,591 189,075 A4785 223,366 9,265 A4997 7,650 Interfund Transfers 3,719,544 A5031 3,901,277 Page 6 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (A) GENERAL Results of Operation Expenditures Legislative Board, Pers Serv 121,328 A10101 121,411 Legislative Board, Contr Expend 115,656 A10104 137,446 Municipal Court, Pers Serv Municipal Court, Equip & Cap Outlay Municipal Court, Contr Expend 409,604 Al1101 434,379 Al1102 63,669 Al1104 67,200 Supervisor,pers Serv 221,678 A12201 289,354 Supervisor,contr Expend 2,281 A12204 2,675 Dir of Finance, Pers Serv Dir of Finance, Equip & Cap Outlay Dir of Finance, Contr Expend 343,840 A13101 383,002 1,464 A13102 248 11,835 A13104 21,102 Auditor, Contr Expend 88,605 A13204 89,000 Tax Collection,pers Serv Tax Collection,contr Expend 96,225 A13301 94,957 21,999 A13304 16,160 Assessment, Pers Serv Assessment, Equip & Cap Outlay Assessment, Contr Expend 319,886 A13551 337,557 A13552 707 16,832 A13554 13,978 Clerk,pers Serv 350,168 A14101 362,602 Clerk,equip & Cap Outlay A14102 90 Clerk,contr Expend 18,417 A14104 18,450 Law, Pers Serv 337,519 A14201 352,383 Law, Equip & Cap Outlay A14202 564 Law, Contr Expend 45,163 A14204 91,122 Engineer, Pers Serv Engineer, Equip & Cap Outlay Engineer, Contr Expend 73,711 A14401 122,648 A14402 542 1,544 A14404 5,808 Records Mgmt, PerS. SerV. Records Mgmt, Equip & Cap Outlay Records Mgmt, Contr Expend 72,479 A14601 79,863 A14602 4,406 A14604 1,047 Public Works Admin, Pers Serv Public Works Admin, Contr Expend 59,782 A14901 63,031 436 A14904 455 Buildings, Pers Serv Buildings, Equip & Cap Outlay Buildings, Contr Expend 768,496 A16201 817,663 110,788 A16202 90,714 679,253 A16204 502,043 Page 7 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (A) GENERAL Results of Operation Expenditures Central Garage, Equip & Cap Outlay Central Garage, Contr Expend Central Print & Mail, Equip & Cap Outlay Central Print & Mail,contr Expend Central Data Process, Pers Serv Central Data Process & Cap Outlay Central Data Process, Contr Expend Unallocated Insurance, Contr Expend Municipal Assn Dues, Contr Expend Payment of Mta Payroll Tax,contr Expend Other General Government, Pers Serv Other Gen Govt Support, Equip & Cap Outlay Other Gen Govt Support, Contr Expend 14,676 A16402 22,004 15,262 A16404 16,457 54,882 A16702 52,909 28,286 A16704 33,892 185,706 A16801 194,275 2,844 A16802 18,188 253,186 A16804 296,655 284,322 A19104 338,460 1,650 A19204 1,650 43,064 A19804 45,293 89,308 A19891 97,541 7,934 A19892 38,145 663 A19894 556 Public Safety Comm Sys, Pers Serv Public Safety Comm Sys, Equip & Cap Outlay Public Safety Comm Sys, Contr Expend Police, Pers Serv Police, Equip & Cap Outlay Police, Contr Expend Traffic Control, Equip & Cap Outlay Traffic Control, Contr Expen Fire, Contr Expend Control of Animals, Contr Expend Examining Boards, Pers Serv Examining Boards, Contr Expend Civil Defense, Contr Expend 760,813 A30201 809,802 45,404 A30202 101,728 27,982 A38204 24,004 7,358,266 A31201 6,854,164 381,274 A31202 193,510 447,254 A31204 504,016 A33102 10,424 A33104 10,323 77 A34104 77 201,829 A35104 208,588 8,185 A36101 6,916 5,524 A36104 5,950 18 A36404 159 Public Health, Contr Expend 800 A40104 800 Page 8 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (A) GENERAL Results of Operation Expenditures Narcotic Guid Council, Contr Expend 32,988 A42104 33,000 Street Admin, Pers Serv Street Lighting, Pers Serv Street Lighting, Equip & Cap Outlay Street Lighting, Contr Expend Off-Street Parking, Contr Expend 293,731 A50101 298,234 57,144 A51821 57,223 2,449 A51822 120,707 A51824 118,246 373 A56504 414 Publicity, Contr Expend Programs For Aging, Pers Serv Programs For Aging, Equip & Cap Outlay Programs For Aging, Contr Expend 30,000 A64104 30,000 899,119 A67721 948,272 A67722 1,889 236,236 A67724 249,999 Recreation Admini, Pers Serv Recreation Admini, Equip & Cap Outlay Recreation Admini, Contr Expend Special Rec Facility, Pers Serv Special Rec Facility, Contr Expend Youth Prog, Contr Expend Library, Contr Expend Historian, Pers Serv Historian, Contr Expend Historical Property, Pers Serv Historical Property, Contr Expend Celebrations, Contr Expend 76,591 A70201 79,438 100 A79202 84,890 A79204 84,651 83,912 A71801 90,564 6,341 A71804 6,141 2,793 A73104 576 A74104 18,387 A75101 18,387 245 A75104 4,000 A75201 5,402 A75204 922 A75504 826 Environmental Control, Pers Serv Environmental Control, Equip & Cap Outlay Environmental Control, Contr Expend Shade Tree, Pers Serv 190,907 A80901 187,317 A80902 284 19,139 A89904 21,864 1,523 A85601 1,334 Page 9 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (A) GENERAL Results of Operation Expenditures Shade Tree, Contr Expend 10,749 A85604 5,189 Conservation, Equip & Cap Outlay Conservation, Contr Expend 585 A87102 689 1,367 A87104 1,140 Fish And Game, Contr Expend 28,000 A87204 27,500 Cemetery, Contr Expend 6 A88104 6 Misc Home & Comm Serv, Pers Serv Misc Home & Comm Serv, Equip & Cap Outlay Misc Home & Comm Serv, Contr Expend 167,362 A89891 176,016 A89892 339 A89894 322 State Retirement System Police & Firemen Retirement, Empl Bnfts 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) 941,836 A90108 1,132,807 1,222,531 A90158 1,236,300 899,071 A90308 913,632 209,851 A90408 227,856 21,507 A90508 24,444 278,378 A90558 291,079 5,863,584 A90608 5,893,906 18,049 A90898 29,105 Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes 647,425 A97106 651,300 388,905 A97306 205,000 Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes 135,699 A97107 194,739 16,991 A97307 3,376 Transfers, Other Funds 2,524,720 A99019 2,333,593 Page 10 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (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 7,384,633 A8021 8,045,346 7,384,633 A8022 8,045,346 30,785,958 30,761,596 30,125,246 29,975,420 8,045,346 A8029 8,831,522 Page 11 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (A) GENERAL Budget Summary ~ ~ ~///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////r ~ I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I ~ ~/~///////////////////////////////////////¢ I~lt~A~/~~I~///////////////////////////////////////////~` 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 Forfeitures Est Rev - Sale of Prop And Comp For Loss Est Rev - Miscellaneous Local Sources Est Rev - State Aid Est Rev - Federal Aid 22,412,761 A1049N 22,215,752 86,090 A1099N 87,090 885,473 A1199N 885,473 417,790 A1299N 373,200 468,385 A2399N 442,637 273,680 A2499N 266,090 262,480 A2599N 298,740 225,590 A2649N 185,590 145,625 A2699N 119,625 189,677 A2799N 208,923 1,125,090 A3099N 994,376 55,590 A4099N 19,150 Estimated - Interfund Transfer Appropriated Fund Balance 4,249,413 A5031N 4,866,636 1,753,178 A599N 2,789,090 Page 12 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (A) GENERAL Budget Summary ~ ~ ~///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////r ~ I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I ~ ~/~///////////////////////////////////////¢ I~lt~A~/~~I~///////////////////////////////////////////~` 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 6,967,437 A1999N 7,113,482 9,585,843 A3999N 9,594,860 34,300 A4999N 34,800 532,400 A5999N 510,900 1,304,700 A6999N 1,346,670 314,810 A7999N 319,160 452,969 A8999N 347,786 9,519,428 A9199N 10,398,102 1,133,700 A9899N 828,300 App - Interfund Transfer 2,696,705 A9999N 3,248,952 Page 13 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (B) GENERAL TOWN-OUTSIDE VG Balance Sheet Assets Cash In Time Deposits 543,067 B201 537,492 Accounts Receivable 89,318 B389 137,949 State & Federal Receivables 59,755 B419 30,997 Due From Other Funds 148,855 B391 197,139 Prepaid Expenses 38,324 B489 43,094 Page 14 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (B) GENERAL TOWN-OUTSIDE VG Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~FFFFFFFFFFFFFFFFFFFd IIIIIIII I~t~f~/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~///////////////////~ Liabilities Accounts Payable 10,865 B600 19,169 Due To Other Funds B630 8,732 Deferred Revenues 165,293 B691 213,413 Not in Spendable Form Unreserved Fund Balance Appropriated Assigned Appropriated Fund Balance Assigned Unappropriated Fund Balance B821 38,324 B806 43,094 B910 263,643 B914 98,500 392,194 B915 563,755 Page 15 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (B) GENERAL TOWN-OUTSIDE VG Results of Operation Revenues Real Property Taxes 783,364 B1O01 587,579 Other Payments In Lieu of Taxes Interest & Penalties On Real Prop Taxes 1,179 B1081 897 43 B1090 47 Franchises 314,260 Bl170 530,485 Other General Departmental Income 8,521 B1289 8,867 Safety Inspection Fees 505,712 B1560 462,193 Public Health Fees 13,902 B1601 13,690 Zoning Fees 73,450 B2110 74,900 Planning Board Fees 34,191 B2115 62,215 Interest And Earnings 2,284 B2401 3,403 Permits, Other 5,100 B2590 6,000 Sales, Other 170 B2655 St Aid, State Revenue Sharing St Aid, Planning Studies 88,328 B3001 88,328 60,001 B3902 71,519 Page 16 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (B) GENERAL TOWN-OUTSIDE VG Results of Operation Expenditures Law, Contr Expend 32,562 B14204 35,458 Payment of Mta Payroll Tax, Contr Expend 3,944 B19804 4,632 Safety Inspection, Pers Serv Safety Inspection, Contr Expend Misc Public Safety, Pers Serv 562,140 B36201 544,508 12,040 B36204 12,855 661 B39891 1,201 Zoning, Pers Serv 144,250 B80101 150,088 Zoning, Contr Expend 16,725 B80104 15,091 Planning, Pers Serv Planning, Equip & Cap Outlay Planning, Contr Expend 446,681 B80201 480,995 192 B80202 1,156 34,850 B86204 21,294 State Retirement, Empl Bnfts Social Security, Empl Bnfts Worker's Compensation, Empl Bnfts Disability Insurance, Empl Bnfts Other Employee Benefits (spec) 140,955 B90108 167,082 86,934 B90308 91,010 10,636 B90408 11,548 27,499 B96558 28,732 18,649 B96898 25,225 Transfers, Other Funds 299,860 B99019 308,659 Page 17 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (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 641,634 B8021 694,162 641,634 B8022 694,162 1,890,505 1,910,122 1,837,977 1,898,934 694,162 B8029 705,349 Page 18 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (B) GENERAL TOWN-OUTSIDE VG Budget Summary ~ ~ ~///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////r ~ I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I ~ ~/~///////////////////////////////////////¢ I~lt~A~/~~I~///////////////////////////////////////////~` 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 MoneyAnd Property Est Rev - Licenses And Permits Est Rev - Sale of Prop And Comp For Loss Est Rev-State Aid 587,579 B1049N 864,689 1,140 B1099N 1,140 501,080 B1199N 501,080 638,060 B1299N 617,650 2,080 B2499N 2,580 5,580 B2599N 11,600 180 B2699N 115,000 B3099N 115,000 Appropriated Fund Balance 263,643 B599N 98,500 Page 19 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (B) GENERAL TOWN-OUTSIDE VG Budget Summary ~ ~ ~///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////~ I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I ~ ~/~///////////////////////////////////////¢ II1111111tit~/~~I~///////////////////////////////////////////~ Appropriations App - General Government Support 95,200 B 1999N 120,300 App - Public Safety 559,550 B3999N 569,550 App - Home And Community Services 809,658 B8999N 774,158 App - Employee Benefits 326,620 B9199N 382,445 App - Interfund Transfer 331,994 B9999N 365,626 Page 20 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (CD) SPECIAL GRANT Balance Sheet Assets State & Federal Receivables 765 CD410 Due From Other Funds 12,533 CD391 44,253 Due From Other Governments CD440 Page 21 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (CD) SPECIAL GRANT Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~FFFFFFFFFFFFFFFFFFFI IIIIIIII I~t~f~/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~ Liabilities Accounts Payable 3,315 CD600 43,601 Other Restricted Fund Balance 9,983 CD899 652 Page 22 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (CD) SPECIAL GRANT Results of Operation Revenues Refunds of Prior Year's Expenditures 9,983 CD2701 Fed Aid, Community Development Act 112,145 CD4910 184,487 Page 23 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (CD) SPECIAL GRANT Results of Operation Expenditures Prov of Public Service, Contr Expen 112,145 CD86764 193,818 Page 24 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (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 9,983 CD8022 9,983 122,128 184,487 112,145 193,818 9,983 CD8029 652 Page 25 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (DB) HIGHWAY-PART-TOWN Balance Sheet Assets Cash In Time Deposits 798,148 DB201 609,927 State & Federal Receivables 245,420 DB410 659,222 Due From Other Funds 828,341 DB391 935,568 Prepaid Expenses 79,494 DB480 96,863 Page 26 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (DB) HIGHWAY-PART-TOWN Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~FFFFFFFFFFFFFFFFFFFd IIIIIIII I~t~f~/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~///////////////////~ Liabilities Accounts Payable 199,776 DB600 202,714 Due To Other Funds 4,008 DB630 4,547 Deferred Revenues 821,797 DB691 930,871 Not in Spendable Form Assigned Appropriated Fund Balance Assigned Unappropriated Fund Balance 79,494 DB806 96,863 290,808 DB914 336,150 555,536 DB915 730,427 Page 27 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (DB) HIGHWAY-PART-TOWN Results of Operation Revenues Real Property Taxes Other Payments In Lieu of Taxes Interest & Penalties On Real Prop Taxes Other Transportation Departmental Income Interest And Earnings Permits, Other Insurance Recoveries Refunds of Prior Year's Expenditures St Aid, Consolidated Highway Aid St Aid Emergency Disaster Assistance Fed Aid, Emergency Disaster Assistance 4,586,896 DB1001 4,762,749 6,897 DB1981 7,264 251 DB1090 305 DB1789 6,584 DB2401 11,971 19,410 DB2590 12,322 9,950 DB2680 DB2701 3,399 342,355 DB3501 326,609 5,167 DB3960 80,364 249,253 DB4960 366,643 Page 28 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (DB) HIGHWAY-PART-TOWN Results of Operation Expenditures Administration-Contractual 26 DB17104 34 Payment of Mta Payroll Tax, Contr Expend 6,257 DB19804 6,576 Maint of Streets, Pers Serv Maint of Streets, Contr Expend Perm Improve Highway, Equip & Cap Outlay Machinery, Pers Serv Machinery, Equip & Cap Outlay Machinery, Contr Expend Brush And Weeds, Pers Serv Brush And Weeds, Equip & Cap Outlay Brush And Weeds, Contr Expend Snow Removal, Equip & Cap Outlay Snow Removal, Contr Expend 1,384,965 DB51161 1,534,556 575,486 DB51164 689,788 342,355 DB51122 326,609 255,785 DB51301 278,384 DB51302 39,706 150,025 DB51304 129,258 144,884 DB51401 112,615 DB51402 1,283 77,429 DB51404 50,567 149,175 DB51421 49,859 43,787 DB51422 28,548 132,057 DB51424 70,391 State Retirement, Empl Bnfts Social Security, Empl Bnfts Worker's Compensation, Empl Bnfts Disability Insurance, Empl Bnfts 293,521 DB96108 369,541 139,924 DB96308 149,675 140,869 DB96408 152,953 55,720 DB96558 58,681 Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes 85,000 DB97106 155,000 125,000 DB97306 120,977 Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes 4,388 DB97107 30,357 7,269 DB97307 2,539 Transfers, Other Funds 891,481 DB99019 976,717 Page 29 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (DB) HIGHWAY-PART-TOWN Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year 642,468 DB8021 925,830 642,468 DB8022 925,830 5,208,763 5,571,627 4,925,481 5,334,017 925,830 DB8029 1,163,445 Page 30 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (DB) HIGHWAY-PART-TOWN Budget Summary ~ ~ ~///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////~ I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I ~ ~/~///////////////////////////////////////¢ I~lt~A~/~~I~FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF~ Estimated Revenues Est Rev - Real Property Taxes Est Rev - Real Property Tax Items Est Rev - Use of MoneyAnd Property Est Rev - Licenses And Permits Est Rev - Sale of Prop And Comp For Loss Est Rev - State Aid 4,762,749 DB1049N 4,935,817 7,050 DB1099N 7,450 5,590 DB2499N 9,590 7,000 DB2599N 10,000 30,090 DB2699N 326,819 DB3099N 326,819 Appropriated Fund Balance 290,800 DB599N 336,150 Page 31 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (DB) HIGHWAY-PART-TOWN Budget Summary ~ ~ ~///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////~ I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I ~ ~/~///////////////////////////////////////¢ II1111111tit~/~~I~FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF~ Appropriations App - Transportafion 3,419,194 DB5999N 3,399,439 App - Employee Benefits 733,038 DB9199N 828,590 App - Debt Service 309,970 DB9899N 213,050 Interfund Transfers 976,716 DB9999N 1,184,747 Page 32 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (H) CAPITAL PROJECTS Balance Sheet Assets Cash In Time Deposits 11,056,822 H201 10,063,464 Accounts Receivable 4,694 H380 47,546 State & Federal Receivables 12,474 H410 593,093 Due From Other Funds 229,606 H391 161,525 Due From Other Governments 444,083 H440 265,306 Page 33 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (H) CAPITAL PROJECTS Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~FFFFFFFFFFFFFFFFFFFd IIIIIIII I~t~f~¢/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~///////////////////~ Liabilities Accounts Payable 268,125 H600 42,822 Retained Percentages, Cont Pay 32,437 H605 10,475 Bond Anticipation Notes Payable 2,992,000 H626 1,515,000 Due To Other Funds 12,474 H630 97,658 Deferred Revenues 500 H691 Assigned Appropriated Fund Balance Assigned Unappropriated Fund Balance 5,312,327 H914 3,653,404 3,129,816 H915 5,812,174 Page 34 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (H) CAPITAL PROJECTS Results of Operation Revenues Misc Revenue, Other Govts Interest And Earnings Gifts And Donations Premium & Accrued Interest On Obligations Unclassified/specify) Additional Description Property Rental $1.5K, Property Sale $997.85K St Aid, Other Home And Corem Serv Fed Aid - Cap Projects 3,570,355 H2389 3,895,187 28,964 H2401 17,969 100 H2705 6,640 H2710 2,466 H2770 999,350 42,974 H3989 599,915 1,267,623 H4097 43,473 Interfund Transfers Serial Bonds Bans Redeemed From Appropriations 307,145 H5031 19,372 13,175,000 H5710 983,312 H5731 685,977 Page 35 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (H) CAPITAL PROJECTS Results of Operation Expenditures General Govt, Equip & Cap Outlay 468,800 H19972 92,768 Public Safety Cap Proj 7,963 H30972 Perm Improve Highway, Equip & Cap Outlay 260,736 H51122 175,716 Economic Dev, Equip & Cap Outlay H64972 21,888 Sanitation, Equip & Cap Outlay Misc Home & Comm Serv, Equip & Cap Outlay 24,666 H87972 9,297,237 H89892 2,582,806 Debt Principal, Serial Bonds 791,500 H97106 1,177,700 Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes 844,906 H97107 1,179,648 3,266 H97307 7,279 Page 36 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (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 756,639 H8021 8,442,140 756,639 H8022 8,442,140 19,384,579 6,261,243 11,699,075 5,237,805 8,442,140 H8029 9,465,578 Page 37 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (K) GENERAL FIXED ASSETS Balance Sheet Assets Land 116,444,531 K101 118,001,010 Buildings 26,896,889 K102 27,371,606 Improvements Other Than Buildings 18,159,530 K103 18,292,529 Machinery & Equipment 15,037,268 K104 15,604,416 Construction Work In Progress 1,531,435 K105 60,410 Infrastructure 78,274,790 K106 78,958,531 Page 38 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (K) GENERAL FIXED ASSETS Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~FFFFFFFFFFFFFFFFFFFd IIIIIIII I~t~f~/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~///////////////////~ Fund Equity Total Non-Current Govt Assets 256,344,445 K159 258,288,501 Page 39 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SF) FIRE PROTECTION Balance Sheet Assets Cash In Time Deposits 23,798 SF201 29,015 Due From Other Funds 128,269 SF391 138,024 Page 40 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SF) FIRE PROTECTION Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~FFFFFFFFFFFFFFFFFFFI IIIIIIII I~t~f~/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~ Liabilities Accounts Payable 13,136 SF609 13,136 Deferred Revenues 128,269 SF691 138,924 Assigned Appropriated Fund Balance Assigned Unappropriated Fund Balance 998 SF914 7,000 9,664 SF915 8,879 Page 41 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SF) FIRE PROTECTION Results of Operation Revenues Real Property Taxes 712,563 SF1001 743,389 Interest & Penalties On Real Prop Taxes 39 SF1090 15 Interest And Earnings 377 SF2401 773 Page 42 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SF) FIRE PROTECTION Results of Operation Expenditures Fire Protection, Contr Expend 708,736 SF34104 738,960 Interfund Loans 4 SF97957 Page 43 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (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 6,422 SF8021 10,662 6,422 SF8022 10,662 712,979 744,177 708,740 738,960 10,662 SF8029 15,879 Page 44 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SM) MISCELLANEOUS Balance Sheet Assets Cash 760,630 SM200 813,468 Cash In Time Deposits 46,231 SM201 20,992 Petty Cash 1,450 SM210 1,458 Accounts Receivable Allowance For Receivables 57,223 SM380 32,917 -11,124 SM389 -4,600 State & Federal Receivables 2,374 SM410 2,866 Due From Other Funds 143,268 SM391 160,306 Prepaid Expenses 44,603 SM480 37,917 Page 45 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SM) MISCELLANEOUS Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~FFFFFFFFFFFFFFFFFFFI IIIIIIII I~t~f~/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~///////////////////~ Liabilities Accounts Payable 181,776 SM600 210,146 Other Liabilities 7,013 SM688 16,429 Deferred Revenues 143,214 SM691 160,306 Not in Spendable Form Assigned Appropriated Fund Balance Assigned Unappropriated Fund Balance 44,603 SM806 37,917 50,000 SM914 281,669 618,049 SM915 358,850 Page 46 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SM) MISCELLANEOUS Results of Operation Revenues Real Property Taxes Interest & Penalties On Real Prop Taxes Other General Departmental Income Misc Revenue, Other Govts Interest And Earnings Commissions Refunds of Prior Year's Expenditures Unclassified/specify) Additional Description FIFD 2011 adjust -$20.647K, other FIFD $2.2K St Aid, Other Aid (specify) Federal Aid - Other 730,000 SM1801 830,000 40 SM1890 17 2,578,381 SM1289 2,616,397 26,913 SM2389 27,516 1,788 SM2401 863 2,925 SM2450 1,887 SM2701 2,235 2,298 SM2770 -18,627 5,763 SM3089 251,982 SM4889 1,350 Page 47 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SM) MISCELLANEOUS Results of Operation Expenditures Other Gen Govt Support, Contr Expend 244,494 SM19894 259,408 Insect Control, Pers Serv Insect Control, Contr Expend Insect Control, Empl Bnfts 46,879 SM40681 40,793 22,004 SM40684 31,955 5,847 SM40688 9,555 Other Transportation, Pers Serv Other Transportation, Ewuip & Cap Outlay Other Transportation, Contr Expend Other Transportation, Empl Bnfts 1,230,642 SM56801 1,249,168 386,419 SM56892 365,815 710,522 SM56894 681,976 419,972 SM56898 493,138 Misc Home & Comm Serv, Contr Expend 7,265 SM89894 10,465 Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes 175,000 SM97106 175,000 100,000 SM97306 100,000 Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes 78,513 SM97197 71,950 7,255 SM97307 4,742 Page 48 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (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 544,668 SM8021 712,650 544,668 SM8022 712,650 3,601,896 3,459,751 3,433,912 3,493,965 712,650 SM8029 678,436 Page 49 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SP) PARK Balance Sheet Assets Cash In Time Deposits 652,632 SP201 770,357 Petty Cash SP210 50 Due From Other Funds 153,464 SP391 169,282 Page 50 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SP) PARK Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~FFFFFFFFFFFFFFFFFFFd IIIIIIII I~t~f~¢/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~///////////////////~ Liabilities Accounts Payable 22,318 SP600 21,411 Deferred Revenues 153,404 SP691 169,282 Assigned Appropriated Fund Balance Assigned Unappropriated Fund Balance 162,083 SP914 157,300 468,232 SP915 591,696 Page 51 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SP) PARK Results of Operation Revenues Real Property Taxes interest & Penalties On Real Prop Taxes interest And Earnings Other Compensation For Loss Refunds of Prior Year's Expenditures Unclassified/specify) 911,610 SP1001 889,060 50 SP1090 18 5,099 SP2401 3,163 SP2690 500 3,620 SP2701 1,496 73,788 SP2770 96,150 Page 52 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SP) PARK Results of Operation Expenditures Parks, Pers Serv 347,609 SP71101 375,258 Parks, Equip & Cap Outlay 79,578 SP71102 103,772 Parks, Contr Expend 280,759 SP71104 291,471 Parks, Empl Bnfts 61,150 SP71108 101,205 Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes SP97106 50,000 SP97306 Debt Interest, Bond Anticipation Notes 290 SP97307 Page 53 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (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 455,535 SP8021 630,316 455,535 SP8022 630,316 994,167 990,387 819,386 871,707 630,316 SP8029 748,996 Page 54 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SR) REFUSE AND GARBAGE Balance Sheet Assets Cash SR200 62,411 Cash In Time Deposits 1,171,710 SR201 1,493,633 Petty Cash 400 SR210 400 Accounts Receivable 133,953 SR380 128,831 State & Federal Receivables 85,244 SR416 42,275 Due From Other Funds 588,224 SR391 502,594 Prepaid Expenses 49,778 SR486 71,211 Page 55 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SR) REFUSE AND GARBAGE Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~FFFFFFFFFFFFFFFFFFFd IIIIIIII I~t~f~/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~///////////////////~ Liabilities Accounts Payable 251,833 SR600 384,809 Due To Other Funds SR630 1,617 Due To Other Governments 2,327 SR631 1,518 Deferred Revenues 443,764 SR691 618,058 Not in Spendable Form Assigned Appropriated Fund Balance Assigned Unappropriated Fund Balance 49,778 SR806 71,211 310,414 SR914 300,500 971,193 SR915 923,643 Page 56 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SR) REFUSE AND GARBAGE Results of Operation Revenues Real Property Taxes Interest & Penalties On Real Prop Taxes Refuse & Garbage Charges Interest And Earnings Permits, Other Sales of Scrap & Excess Materials Insurance Recoveries Refunds of Prior Year's Expenditures St Aid, Other Aid (specify) State Aid Emergency Disaster Federal Aid - Other Additional Description FEMA 2,393,906 SR1001 2,333,714 131 SR1090 48 1,882,785 SR2130 1,978,347 15,600 SR2401 6,551 162,984 SR2590 170,377 337,472 SR2650 319,377 20,817 SR2680 2,108 SR2701 657 31,740 SR3089 SR3960 28,502 85,244 SR4089 42,537 Page 57 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SR) REFUSE AND GARBAGE Results of Operation Expenditures Payment of Mta Payroll Tax,contr Expend 3,573 SR19804 3,482 Refuse & Garbage, Pers Serv Refuse & Garbage, Equip & Cap Outlay Refuse & Garbage, Contr Expend 1,215,833 SR81601 1,208,221 4,152 SR81602 340 2,032,135 SR81604 2,137,399 State Retirement, Empl Bnfts Social Security, Empl Bnfts Worker's Compensation, Empl Bnfts Life Insurance, Empl Bnfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnft Other Employee Benefits (spec) Additional Description Local Pension 147,186 SR90108 179,255 89,523 SR99308 91,724 74,148 SR99408 81,993 SR99458 118 31,448 SR99558 28,579 SR99608 65,176 SR99898 1,356 Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes 457,900 SR97106 487,900 150,000 SR97306 150,000 Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes 192,872 SR97107 180,709 1,806 SR97307 1,218 Transfers, Other Funds 310,627 SR99019 301,680 Page 58 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (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 1,111,909 SR8021 1,331,385 1,111,909 SR8022 1,331,385 4,930,677 4,882,217 4,711,201 4,918,249 1,331,385 SRSf129 1,295,356 Page 59 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SS) SEWER Balance Sheet Assets Cash In Time Deposits 104,534 SS201 100,958 Sewer Rents Receivable SS360 3,930 Due From Other Funds 23,888 SS391 27,836 Page 60 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SS) SEWER Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~FFFFFFFFFFFFFFFFFFFd IIIIIIII I~t~f~/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~///////////////////~ Liabilities Accounts Payable 83 SS600 3,825 Deferred Revenues 17,488 SS691 20,848 Assigned Appropriated Fund Balance Assigned Unappropriated Fund Balance 17,429 SS914 22,129 93,342 SS915 86,722 Page 61 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SS) SEWER Results of Operation Revenues Real Property Taxes SS t 00t 101,350 Interest & Penalties On Real Prop Taxes Interest & Penalties On Spec Assessments SS1090 0 SS1091 Sewer Rents SS2120 40,127 Sewer Charges 31,848 SS2122 965 Interest And Earnings 573 SS2401 683 Page 62 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SS) SEWER Results of Operation Expenditures Sanitary Sewers, Contr Expend SS81204 18,909 Sewage Treat Disp, Contr Expend 23,342 SS81304 747 Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes 8,175 SS97106 8,100 169,407 SS97306 110,000 Debt Interest, Serial Bonds Debt Interest, Bond Anticipation Notes 4,303 SS97107 4,046 3,281 SS97307 3,247 Page 63 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (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 286,857 SS8021 110,772 286,857 SS8022 110,772 32,421 143,128 208,587 145,048 110,772 SS8029 108,851 Page 64 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SS) SEWER Budget Summary Estimated Revenues Est Rev - Real Property Taxes 101,350 SS 1049N 106,300 Est Rev - Departmental Income 32,421 SS1299N 32,421 Est Rev - Use of Money And Property 50 SS2499N 50 Appropriated Fund Balance 17,429 SS599N 22,129 Page 65 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (SS) SEWER Budget Summary Appropriations App - General Government Support 1,000 SS1999N App - Home And Community Services 24,500 SS8999N 37,500 App - Debt Service 125,750 SS9899N 123,400 Page 66 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (TA) AGENCY Balance Sheet Assets Cash 14,834,447 TA200 16,661,258 Time Deposits 202,942 TA201 232,351 Due From Other Funds 583 TA391 555 Page 67 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (TA) AGENCY Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~fffffffffffffffffffd IIIIIIII I~t~f~/~l II IIIIIIIIIIIIIIIIIIIIIIIII1~///////////////////~ Liabilities Due To Other Funds 21,388 TA630 3 Due To Other Governments 14,605,901 TA631 16,429,213 Nys Income Tax TA21 Income Executions TA23 Assoc & Union Dues TA24 Guaranty & Bid Deposits 410,682 TA30 464,949 Page 68 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 Balance Sheet Page 69 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIII1~¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢¢1 IIIIIIII I~t~f~l II IIIIIIIIIIIIIIIIIIIIIIIII1~ Page 70 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (V) DEBT SERVICE Results of Operation Other Sources Serial Bonds 75,000 V5710 Page 71 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (V) DEBT SERVICE Results of Operation Expenditures Debt Principal, Serial Bonds 75,000 V97106 Other Notes Interest 0 V97897 Page 72 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (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 0 V8021 0 V8022 75,000 75,000 V8029 Page 73 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (W) GENERAL LONG-TERM DEBT Balance Sheet Assets Total Non-Current Govt Liabilities 51,872,292 W129 50,057,395 Page 74 OSC Municipality Code 470379000000 TOWN OF Southold Annual Update Document For the Fiscal Year Ending 2012 (W) GENERAL LONG-TERM DEBT Balance Sheet ~r~ II IIIIIIIIIIIIIIIIIIIIIIIIIl~fffffffffffffffffffd IIIIIIII I~t~f~/////~l II IIIIIIIIIIIIIIIIIIIIIIIII1~///////////////////~ General Long Term Debt Other Post Employment Benefits W683 Judgments And Claims Payable W686 Compensated Absences 7,487,g92 W687 8,327,395 Bonds Payable 44,385,000 W628 41,730,000 Page 75 OSC Municipality Code 470379000000 TOWN OF Southold Financial Comments For the Fiscal Year Ending 2012 Page 76 000 000 0000 000 0 00000 O0 O0 0 000 000 0000 000 0 00000 O0 O0 0 ~ 000 0000 000 0 00000 O0 O0 ~ ooo g~ ~g~ ~ ~ oo~o~ o~ ~ ~ 0000 000 0000 0 00000 O~ 0 0000 000 0000 00. 0 00000 O0 0 0 oooo ~ ~ oo ~ o oooo o ~ TOWN OF Southold Schedule of Time Deposits and Investments For the Fiscal Year Ending 2012 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 $2,480.74 $26,901,805.00 $18,459,228.37 $45,363,514.11 $6,846,414.00 $61,842,151.00 $68,688,565.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 INVESTMENTS: - Securities (450) Book Value (cost) Market Value at Balance Sheet Date Collateralized with securities held in possession of municipality or its agent 9Z4501 9Z4502 9Z4504A - Repurchase Agreements (451) Book Value (cost) Market Value at Balance Sheet Date Collateralized with securities held in possession of municipality or its agent 9Z4511 9Z4512 9Z4514A Page78 OSC MunicipalityCode470379000000 TOWN OF Southold Bank Reconciliation For the Fiscal Year Ending 2012 Include All Checking, Savings and C.D. Accounts Bank Account Number ..... -0320 ..... -9677 ..... -1052 ..... -0040 ..... -5725 ..... -89-1 ..... -5647 ..... -5466 ..... -5704 ..... -5362 ..... -4440 ..... -5688 ..... -9669 ..... -9685 ..... -89-2 ..... -9707 ..... -89-4 ..... -9774 ..... -9790 ..... -9812 ..... -9820 ..... -9863 ..... -9871 ..... -9782 ..... -3119 ..... -9804 ..... -6352 ..... -9847 ..... -9715 ..... -9-11 Add: Less: A~usted Bank Deposit Outstanding Bank Balance In Transit Checks Balance $541,092 $0 $0 $541,092 $2,798,339 $0 $0 $2,798,339 $17,627 $0 $17,624 $3 $77,396 $0 $77,375 $21 $780,227 $0 $0 $780,227 $48,576 $0 $0 $48,576 $664 $0 $0 $664 $61,928 ($6,949) ($1,931) $56,910 $12,015 $1,400 $1,400 $12,015 $20,634 $0 $0 $20,634 $14,027 $510 $0 $14,537 $28 $0 $0 $28 $2,446,313 $0 $0 $2,446,313 $532,312 $0 $0 $532,312 $5,180 $0 $0 $5,180 $606,959 $0 $0 $606,959 $1,147 $0 $0 $1,147 $1,821 $0 $0 $1,821 $10,496 $0 $0 $10,496 $88,847 $0 $0 $88,847 $96,677 $0 $0 $96,677 $4 $0 $0 $4 $5,130 $0 $0 $5,130 $913,397 $0 $0 $913,397 $8,773,815 $0 $0 $8,773,815 $175,098 $0 $0 $175,098 $71,834 $0 $71,820 $14 $973,898 $0 $0 $973,898 $28,008 $0 $0 $28,008 $1,008 $0 $0 $1,008 Page79 OSC MunicipalityCode470379000000 TOWN OF Southold Bank Reconciliation For the Fiscal Year Ending 2012 Include All Checking, Savings and C.D. Accounts Bank Account Number ..... -8067 ..... -7759 ..... -5021 ..... -0217 ..... -89-5 ..... -3841 ..... -OMD1 ..... -OMD2 ..... -NPD1 ..... -NPD2 ..... -MPD1 ..... -MPD2 ..... -SPD1 ..... -SPD2 ..... -MPD1 ..... -MPD2 ..... -9967 ..... -IWM1 ..... -IWM2 ..... -IWM3 ..... -9723 ..... -9731 ..... -89-6 ..... -9758 ..... -9-13 ..... -0099 ..... -9766 ..... -0404 ..... -5354 ..... -2319 Add: Less: A~usted Bank Deposit Outstanding Bank Balance In Transit Checks Balance $813,736 $0 $0 $813,736 $9,935 $5,556 $0 $15,491 $7,933 $0 $7,931 $2 $0 $0 $0 $0 $367 $0 $0 $367 $2 $0 $0 $2 $2,213 $0 $2,485 ($272) $5,134 $0 $0 $5,134 $8,674 $0 $5,133 $3,541 $104,816 $0 $0 $104,816 $8,104 $0 $289 $7,815 $1,002 $0 $0 $1,002 $20,623 $0 $4,107 $16,516 $50,849 $0 $0 $50,849 $8,320 $0 $1,974 $6,346 $579,471 $0 $0 $579,471 $31,239 $801 $0 $32,040 $44,484 $5,164 $27,630 $22,018 $891,197 $0 $0 $891,197 $8,353 $0 $0 $8,353 $602,436 $0 $0 $602,436 $66,923 $0 $0 $66,923 $766 $0 $0 $766 $32,367 $0 $0 $32,367 $901 $0 $0 $901 $39,368 $0 $0 $39,368 $223,852 $0 $0 $223,852 $8,500 $0 $0 $8,500 $37,994 $0 $5,106 $32,888 $15,205 $0 $0 $15,205 Page80 OSC MunicipalityCode470379000000 TOWN OF Southold Bank Reconciliation For the Fiscal Year Ending 2012 Include All Checking, Savings and C.D. Accounts Bank Account Number ..... -4432 ..... -5628 ..... -4230 ..... -0536 ..... -9680 ..... -4430 ..... -0081 ..... -0024 Add: Less: Adjusted Bank Deposit Outstanding Bank Balance In Transit Checks Balance $150,098 $0 $5,514 $144,584 $6,107 $0 $9,776 ($3,670) $713,677 $0 $0 $713,677 $1,209,483 $0 $0 $1,209,483 $146,518 $0 $16,749 $129,768 $20,652,390 $0 $0 $20,652,390 $0 $0 $0 $0 $0 $0 $0 $0 Total Adjusted Bank Balance $45,361,033 Betty Cash $2,480.74 Adjustments $.00 Total Cash 9ZCASH * $45,363,514 Total Cash Balance AIl Funds 9ZCASHB * $45,363,514 · Must be equal Page 81 OSC Municipality Code 470379000000 TOWN OF Southold Local Government Questionnaire For the Fiscal Year Ending 2012 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 padicipate in an insurance pool with other local governments? 4) Does your local government padicipate 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 ~s Page 82 TOWN OF Southold Employee and Retiree Benefits For the Fiscal Year Ending 2012 Total Full Time Employees: ] 23.c Total Part Time Employees: 26.c Account Description Total tf of Full If of Part If of Retirees Code Expenditures Time Time (All Funds) Employees Employees 90101 State Retirement System $2,024,110.51 18~ 7' 2 90151 Police and Fire Retirement $1,236,299.81 48 90251 Local Pension Fund $1,356.01 90301 Social Security $1,372,119.3! 237 27( 5 90401 Worker's Compensation $536,577.6; 237 27t 5 Insurance 90451 Life Insurance $118.01 90501 Unemployment Insurance $38,465.6; 4.' 90551 Disability Insurance $9,047.01 166 15t 2 90601 Hospital and Medical $6,183,088.4: 213 114 (Dental) Insurance 90701 Union Welfare Benefits $384,025.31 207 2 90851 ~upplemental Benefit Payment to $0.01 Disabled Fire Fighters 9189( Other Employee Benefits $68,966.1~ 212 13.' 5 Computed Total From Financial ISecti°n(c°mparativepurp°ses°nly) II ,,,,084,.3.* Page 83 OSC Municipality 470379000000 Energy Type TOWN OF Southold Energy Costs and Consumption For the Fiscal Year Ending 2012 Total Total Volume Units Of Alternative Expenditures Measure Units Of Measure Gasoline Diesel Fuel Fuel Oil Natural Gas Electricity Coal 310,781L $634,54~L $44,35~L $28,111L $284,82~L 93,568] gallons 180,645J gallons 12,464] gallons 28,088] cubic feet 1,641,359J kilowatts tons Yherms Page 84 OSC Municipality 470379000000 TOWN OF Southold Schedule of Other Post Employment Benefits (OPEB) For the Fiscal Year Ending 2012 Annual OPEB Cost and Net OPEB Obligation 1. Type of Other Post Employment Benefits Plan 2. Annual Required Contribution(ARC) 3. Interest on Net OPEB Obligation 4. Adiustment to Annual Required Contribution 5. Annual OPEB Expense 6. Less: Actual Contribution Made 7. Increase in Net OPEB Obligation 8. Net OPEB Obligation - beginning of year 9. Net OPEB Obligation - end of year 10. Total Other Post Employment Benefits as reported in Accounts 683 in Financial Section, Current Fiscal Year 11. Percentage of Annual OPEB Cost Contributed (Actual Contribution Made/Annual OPEB Cost) Funded Status and Funding Process 12. Actuarial Accrued Liability(AAL) 13. Less: Actuarial Value of Plan Assets 14. Unfunded Actuarial Accrued Liability(UAAL) 15. Funded Ratio(Actuarial Value of Plan Assets/AAL) 16. Annual Covered Payroll (of active employees covered by the plan) 17. UAAL as Percentage of Annual Covered Payroll Other OPEB Information 18. Date of most recent actuarial valuation 19. Actuarial method used 20. Assumed rate of return on investments discount rate 21. Amortization period of UAAL(in years) Agent Multiple-Employer Defined $7,147,422.00 $564,197.00 ($815,689.00) $6,895,930.00 $1,650,960.00 $5,244,970.00 $14,104,926.00 $19,349,896.00 23.94% $74,366,808.00 $0.00 $74,366,808.00 0.0000 $16,323,648.00 455.58% 01/01/2011 Entry Age 4.00% 30.00 Benefits Page 85 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 12/31/2012 , 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 12/31/2012 and filed by means of electronic data transmission. John Cushman Name of Report Preparer if different than Chief Fiscal Officer Scott Russell Name (631) 765-4333 Supervisor Telephone Number Title 04/24/2013 Date of Certification PO Box 1179, Southold, NY 11971 Official Address (631)765-1889 Official Telephone Number Page 86 Municipality Code 470379000000 TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2012 A. Summary of Siqnificant Accountinq 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 Reportinq Entity The Town of Southold, which was established in 1640, is governed by its Charter, the Local Municipal Law and other general laws of the State of New York and various local laws. The Town Board is the legislative body responsible for overall operations, the Supervisor serves as Chief Executive Officer and as Chief Fiscal Officer. Basic services provided include public safety, health, transportation, economic assistance and opportunity, culture and recreation, and home and community services. All governmental activities and functions performed for the Town are its direct responsibility. No other governmental organizations have been included or excluded from the reporting entity. The financial reporting entity consists of (a) the primary government which is the Town of Southold, (b) organizations for which the primary government is financially accountable and (c) other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete as set forth in GASB Statement 14. The decision to include a potential component unit in the Town's reporting entity is based on several criteria set forth in GASB 14 including legal standing, fiscal dependency, and financial accountability. Based on the application of these criteria, the following is a brief review of certain entities considered in determining the Town of Southold's reporting entity. Certain special districts of the Town of Southold provide sanitation, ferry, and park services to residents and businesses within the districts. These special districts are organized under New York State Town law and have separately elected boards. Long- term debt backed by the full faith and credit of the Town and other financial matters result in a fiscal interdependency with the Town. Accordingly, these special districts have been determined to be component units of the Town of Southold and are presented discretely in a separate column in the combined financial statements to emphasize that they are legally separate from the primary government. These districts include the following: TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2012 A. Summa~ of Siqnificant Accountinq 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 Cutchogue-New Suffolk Park District P.O. Box 311 Cutchogue, NY 11935 Fishers Island Waste Management District Fishers Island, NY 06390 Orient-East Marion Park District Route 25 Orient, NY 11957 Southold Park District P.O. Box 959 Southold, NY 11971 Mattituck Park District P.O. Box 1413 Mattituck, NY 11952 Fishers Island Ferry District Main Street Southold, NY 11971 Fund Accountinq 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, 2012 A. Summan/of Siqnificant Accountinq Policies (continued) 2. Fund Accounting (continued) Fund Categories Governmental Funds Governmental governmental functions are financed. funds are those through which most 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 31, 2012 A. Summa~ of Siqnificant Accountinq 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 Long-Term Debt Account Group - used to account for all long-term debt except that accounted for in proprietary and special assessment funds. 3. Basis of Accountinq/Measurement Focus Basis of accounting refers to when revenues and expenditures and the related assets and liabilities are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus. Measurement focus is the determination of what is measured, i.e. expenditures or expenses. Modified Accrual Basis - All governmental Funds and Expendable Trust Funds are accounted for using the modified accrual basis of accounting. Under this basis of accounting, revenues are recorded when measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Material revenues that are accrued include real property taxes, state and federal aid, sales tax and certain user charges. If expenditures are the prime factor for determining eligibility, revenues from federal and state grants are accrued when the expenditure is made. Expenditures are recorded when incurred except that: Expenditures for prepaid expenses and inventory-type items are recognized at the time of purchase. Principal and interest on indebtedness are not recognized as an expenditure until due. Compensated absences, such as vacations and sick leave, which vests or accumulates, are charged as an expenditure when paid Account Groups - General fixed assets are recorded at actual or estimated cost or, in the case of gifts and contributions, at the fair market value at the time received. No provision for depreciation is made. General long-term debt liabilities are recorded at the par value of the principal amount. No liability is recorded for interest payable at maturity. TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2012 A. Summary of Siqnificant Accountinq Policies (continued) 4. Fund Balances In fiscal 2011, the Town implemented Governmental Accounting Standards Board Statement No. 54, Fund Balance Reporting and Governmental Fund Type Definitions (GASB 54). GASB 54 changed the classification of fund balance to focus on the constraints imposed on resources in governmental funds, instead of the previous focus on availability for appropriation. Fund balance is now broken down into five different classifications: nonspendable, restricted, committed, assigned, and unassigned. Nonspendable consists of assets that are inherently nonspendable in the current period either because of their form or because they must be maintained intact, including prepaid items, inventories, long-term portions of loans receivable, financial assets held for resale, and principal of endowments. Restricted consists of amounts that are subject to externally enforceable legal purpose restrictions imposed by creditors, grantors, contributors, or laws and regulations of other governments; or through constitutional provisions or enabling legislation. Committed consists of amounts that are subject to a purpose constraint imposed by a formal action of the government's highest level of decision-making authority before the end of the fiscal year, and that require the same level of formal action to remove the constraint. The Town Board is the decision-making authority that can, by Local Law, commit fund balance. Assigned consists of amounts that are subject to a purpose constraint that represents an intended use established by the government's highest level of decision-making authority, or by their designated body or official. The purpose of the assignment must be narrower than the purpose of the general fund, and in funds other than the general fund, assigned fund balance represents the residual amount of fund balance. The Town Board has sole authority to assign fund balance. Unassigned represents the residual classification for the government's general fund, and could report a surplus or deficit. In funds other than the general fund, the unassigned classification should be used only to report a deficit balance resulting from overspending for specific purposes for which amounts had been restricted, committed, or assigned. When resources are available from multiple classifications, the Town spends funds in the following order: restricted, committed, assigned, unassigned. TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2012 A. Summary of Si,qnificant Accountin,q Policies (continued) 4. Fund Balances (continued) The Town has, by resolution, adopted a fund balance policy that states the Town must maintain a minimum unrestricted (the total of committed, assigned, and unassigned) fund balance of at least 10% percent of the general fund operating budget. Unrestricted fund balance below the minimum should be replenished within the succeeding fiscal year. 5. 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. Encumbrances totaling $117,930 were included in the reporting of fund balance as follows: General Fund Whole Town General Fund Part Town Highway Fund Part Town Capital Fund $100,367 813 12,050 4,700 6. 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. TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2012 6. Assets, Liabilities and Fund Equity (continued) Property, Plant and Equipment - General (continued) 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. Lonq-Term Obliqations 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 Desiqnations 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. 7. 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. TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2012 7. Revenue and Expenditures (continued) Property Taxes (continued) 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. Interfund Revenues Interfund revenues are quasi-external transactions in the operating funds that represent amounts charged for services or facilities provided by that operating fund. The amounts paid by the fund receiving the benefits of the service or facilities are reflected as an expenditure of that fund. Operatinq Transfers Operating transfers represent payments to the Risk Retention Fund and Capital Projects Fund from other funds for their appropriate share of the risk retention and capital projects. Insurance The Town assumes the liability for most risk including, but not limited to, property damage and personal injury liability. Judgments and claims are recorded when it is probable that an asset has been impaired or a liability has been incurred and the amount of loss can be reasonably estimated. Compensated Absences Vested or accumulated vacation or sick leave of governmental funds that is expected to be liquidated with expendable available financial resources is reported as an expenditure and a fund liability of the respective fund that will pay it. Amounts of vested or accumulated vacation or sick leave of governmental funds that are not expected to be liquidated with expendable available financial resources are reported in the General Long-Term Debt Account Group. No expenditure is reported for these amounts. In accordance with the provisions of Statement No. 16 of the Governmental Accounting Standards Board, Accounting for Compensated Absences, no liability is recorded for non-vesting accumulating rights to receive sick pay benefits. TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2012 7. Revenue and Expenditures (continued) 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. B. Stewardship~ Compliance~ Accountability Bud,qetar¥ Data 1. Budqet Basis of Accountinq Budgets are adopted annually on a basis consistent with generally accepted accounting principles. Appropriations authorized for the current year are increased by the amount of encumbrances carried forward from the prior year. Budgetary controls for special revenue funds are established in accordance with the applicable grant agreement, which may cover a period other than the Town's fiscal year. Appropriate budgetary adjustments have been made to reflect these grant agreements during the Town's fiscal year. 2. Budqet 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, 2012 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, 2012 is allocated as follows: General Fund (Town wide) $ 8,831,522 Special Revenue Funds General Fund Part Town 705,349 Highway Fund -- Part Town 1,161,619 Special District Funds Orient by the Sea Road Improvement District 1,821 East-West Fire Protection 15,879 Southold Wastewater Disposal 67,814 Fishers Island Sewer 41,037 Solid Waste Management 385,468 Discretely Presented Component Units Fishers Island Waste Management 909,885 Fishers Island Ferry 674,089 Cutchogue-New Suffolk Park 108,357 Southold Park 50,003 Orient-East Marion Park 8,817 Mattituck Park 581,819 Orient Mosquito 4,347 Total $13,547,826 Deficit Fund Balances There were no deficit fund balances at December 31,2012. The fund 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, 2012 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, 2012 the cash in banks was $45,361,033 and collateral held against cash in banks was $68,688,565 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, 2012 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 31,2012 is as follows: Primary Government: Land Buildings & Improvements Other Improvements Construction in Progress Infrastructure Machinery & Equipment Total Balance Balance 01/01/2012 Additions Deletions 12/31/2012 $114,251,182 12,770,831 15,701,292 680,052 75,375,350 11,506,481 $230.285.188 $2,375,448 $ 818,969 455,406 54,999 660,433 683,740 731,441 199,010 $4.301.034 $1.678.412 $115,807,661 13,226,237 15,756,291 19,619 76,059,090 12,038,912 $232.907.810 Component Units: Land Buildings & Improvements Other Improvements Construction in Progress Infrastructure Machinery & Equipment Total Balance 01/01/2012 Additions $2,193,349 14,126,059 $ 19,310 2,458,238 78,000 8,375 32,416 2,899,440 3,530,787 34,717 $25.216.248 $ 164.443 $ Deletions 0 Balance 12/31/2012 $2,193,349 14,145,369 2,536,238 40,791 2,899,440 3,565,504 $25.380.691 3. Interfund Receivables and Payables Interfund receivables and payables for the primary were as follows: Fund General Fund Whole Town General Fund Part Town Special Grant Fund Highway Fund Part Town East-West Fire Protection District Solid Waste Management District Wastewater Disposal District Fishers Island Sewer District Capital Projects Trust & Agency Total Interfund government at December 31, 2012 Interfund Receivables $ 558,783 197,130 44,253 935,560 138,024 401,328 20,173 7,663 161,525 555 $--2.464.99__4 Intedund Payables $ 2,353,037 8,732 4,547 1,617 97,058 3 $ 2.464.99~4 TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2012 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 Amount Receivable $ 101,266 144,275 16,031 24,517 60,596 7,541 76,628 Totals $ 430,854 Amount Payable $ 430,854 $ 430.854 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 life of the permanent financing, provided that stipulated annual reductions of principal are made. To Be Redeemed 2013 Interest Budget Description Amount Rate Appropriations Bonds Various Purposes $ 715,000 .40% $ 157,000 $ 558,000 Various Purposes 800,000 .50% 335,000 465,000 Total $ 1.515.000 $ 913.000 TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2012 C. Detail Notes on all Funds and Account Groups (continued) 5. Indebtedness (continued) Lonq-Term Debt a) At December 31, 2012 the total outstanding indebtedness of the Town, excluding the above obligations aggregated $41,730,000. Of this amount, $40,295,000 was subject to the constitutional debt limit and, combined with the short-term debt listed above, represented 6% 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 Lon,q-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 Lon,q-Term Debt - The following is a summary of long-term liabilities outstanding at December 31,2012 by fund type and account group: Liability Serial Bonds Compensated Absences Total Long-Term Debt Account Group General Discretely Long Term Debt Presented Account Group Component Unit Total $ 40,005,000 $ 1,725,000 $ 41,730,000 8,327,395 8,327,395 $ 48.332.395 $ 1.725.000 $ 50.057.39~5 TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2012 C. Detail Notes on all Funds and Account Groups (continued) 5. Indebtedness (continued) Lonq-Term Debt (continued) e) The following is a summary of changes in the long-term liabilities for the period ended December 31, 2012: Payable at beginning of Year Additions Deletions Payable at end of Year Bonds and Notes $ 44,385,000 2,655,000 $ 41,730,000 Compensated Absences $ 7,487,292 840,103 $ 8,327,395 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 31,2012: Year Endin.q Principal Interest 2013 2,545,000 1,532,990 2014 2,575,000 1,452,990 2015 2,600,000 1,369,587 2016 2,560,000 1,284,704 2017 2,640,000 1,194,353 2018-2022 11,510,000 4,606,477 2023-2027 10,760,000 2,506,369 2028-2030 6,540,000 460,866 Totals $41,730,000 $14,408,336 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, 2012 C. Detail Notes on all Funds and Account Groups (continued) 6. Retirement System (continued) The Town of Southold participates 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 2012 2011 2010 ERS PFRS $2,066,738 $1,209,715 $1,827,936 $1,308,331 $1,265,284 $ 957,407 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, 2012 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, 2012 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, $5,893,906 was paid on behalf of 107 retirees and 200 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 Continqencies The Town is self-insured for medical insurance and general liability insurance. The amount of medical claims outstanding at December 31, 2012 is $279,106. The amount of general liability claims outstanding at December 31, 2012 is $17,415. These amounts have been reserved against fund balance in the General Fund. The Town also has established an insurance reserve in the General Fund for medical and liability claims the outcome of which are presently unknown. 1. Landfill Closure and Post Closure Care Costs The Town ceased accepting waste at its Cutchogue landfill as of October 8, 1993. The Town entered into a stipulation of settlement with the New York State Department of Environmental Conservation in October of 1994 in which all charges of operational violations at the Cutchogue landfill were dropped. Under the stipulation, the Town agreed to close and place a final cover over the landfill and to pay a civil penalty of $650,000 over seven years. Construction of the final cover commenced in the summer of 2001 and was completed in the fall of 2003. TOWN OF SOUTHOLD Notes To Financial Statements December 31 2012 D. Commitments and Continqencies (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, 2012 were approximately $460,272. Future obligations over the primary terms of the Town's leases as of December 31, 2012 are as follows: 2013 $ 442,804 2014 412,043 2015 289,646 2016 & thereafter 267,096 Total $1.411.589 TOWN OF SOUTHOLD Notes To Financial Statements December 31, 2012 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, 2011 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 $ 1,024,217 $ 129,410 $ 17,844,957 Fishers Island Waste Mgt District 1,021,898 90,915 3,545,519 Cutchogue-New Suffolk Park Dist. 143,587 22,431 145,705 Southold Park District 112,542 54,352 1,115,215 Orient-East Marion Park District 14,389 6,764 432,985 Mattituck Park District 535,519 69,857 2,100,976 Orient Mosquito District 20,437 13,804 30,891 $ 25.216.24~8 $ 2.872.58~9 $ 387.533 $ 1,900,000 $ 318,198 $1,900,000 205,881 22,431 69,336 6,764 77,191 13,804 $ 1.900.000 $ 713.60~5 $1.900.000 Condensed Statement of Revenues, Expenditures and Changes in Fund Balances Revenues Current Expenditures Capital Debt Outlay Service $ 386,419 $ 360,767 Fishers Island Ferry District $ 3,521,861 $ 2,611,835 Fishers Island Waste Mgt District 568,857 519,644 Cutchogue-New Suffolk Park Dist. 130,691 83,966 33,842 Southold Park District 349,541 300,446 15,240 Orient-East Marion Park District 36,678 32,551 2,250 Mattituck Park District 477,257 272,555 28,246 50,290 Orient Mosquito District 80,035 74,890 ¢z~5~L6¢,~9~L0_ $ 3 895 88~7 $ 465 997 $ 411 057 Excess (Deficiency) of Revenues and Expenditures $ 162,840 49,213 12,883 33,855 1,877 126,166 5,145 $ 391 979