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Home My WebLink About12/2012 ~ 7 -/,9 RECEIVED APR 2 9 2013 Southolrl Town Cle~r~ NORTH FORK ANIMAL WELFARE I,EAGUE, INC. FINANCIAL STATEMENTS DECEMBER 3L 2012 NORTH FORK ANIMAL WELFARE LEAGUE, 1NC. TABLE OF CONTENTS December 31, 2012 Page INDEPENDENT AUDITORS REPORT ............................................................. 1 FINANCIAL STATEMENTS Statement of Financial Position ............................................................... 2 Statement of Activities ............................................................................. 3 Statement ~)f Cash Flows .......................................................................... 4 Statement of Functional Expenses .......................................................... 5 Notes to Financial Statements ................................................................. 6 IRWIN& ODELL, CPAs LLC 6 Sterlington Commons Greenport, NY 11944 (631) 477-3011 (631) 477-9533 (Fax) INDEPENDENT AUDITORS' REPORT April 29, 2013 Board of Directors North Fork Animal Welfare League, Inc. PO Box 297 Southold, New York 11971 Dear Members of the Board: We have audited the accompanying statements of financial position of The North Fork Animal Welfare League, Inc. as of December 31, 2012 and the related statements of activities and cash flows for the year then ended. These financial statements are the responsibility of the NFAWL management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted my audit in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the f'mancial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that my audit provides a reasonable basis for my opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the North Fork Animal Welfare League, Inc. as of December.31, 2012, and the results of its operations and its cash flows for the year then ended in conformity with generally accepted accounting principles. Irwin & Odell, CPAs LLC NORTH FORK ANIMAL WELFARE LEAGUE, INC. ASSETS STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2012 CURRENT ASSETS Cash - Demand deposits Investments - Wells Fargo Unrestricted Investments -Wells Fargo Restricted Prepaid insurance Security Deposit TOTAL CURRENT ASSETS $ 59,936 1,311,799 323,004 5,664 15,000 $1,715,403 $1,715,403 TOTAL ASSETS LIABILITIES AND NET ASSETS CURRENT LIABILITIES Accounts payable $ 12,666 TOTAL CURRENT LIABILITIES NET ASSETS Unrestricted - undesignated Restricted- temporary TOTAL NET ASSETS TOTAL LIABILITIES AND NET ASSETS $ 12,666 $1,381,I83 321,554 $1,702,737 $1,715,403 2 See accompanying notes to financial statements NORTH FORK ANIMAL WELFARE LEAGUE, INC. STATEMENT OF ACTIVITIES DECEMBER 21, 2012 Unrestricted Restricted. SUPPORT AND REVENUE Donations/bequests Town contract income Interest income Dividend income Net capital gains Fund raising events Sundry fees TOTAL SUPPORT & REVENUE $ 972,85O $ 208,587 8,902 4,901 6,905 10,008 4,013 48,296 4,927 $ 1,260,475 $ 8,914 Total $ 972,850 208,587 13,803 6,905 I4,021 48,296 4,927 $ 1,269,389 EXPENDITURES Program services Management & General TOTAL EXPENDITURES INCREASE (DECREASE) IN NET ASSETS NET ASSETS - BEGINNING OF YEAR NET ASSETS - END OF YEAR $ 340,732 $ 91,658 1,450 $ 432,390 $ 1,450 $ 828,085 $ 7,464 $ 553,098 $ 314,090 $ 1,381,183 $ 321,554 $ 340,732 93,108 $ 433,840 $ 835,549 $ 867,188 $ 1,702,737 3 See accompanying notes to financial statements NORTH FORK ANIMAL WELFARE LEAGUE, iNC. STATEMENT OF CASH FLOWS DECEMBER 2'I, 20'i2 CASH FLOWS FROM OPERATING ACTIVITIES Change in net assets $ 835,549 Adjustment to reconcile net income to net cash provided by operating activities: Decrease in prepaid expenses 872 Decrease in accounts payable (3,418) Decrease taxes payable (263). NET ASSETS PROVIDED BY OPERATING ACTIVITIES $ 832,740 CASH FLOWS FROM FINANCING ACTIVITIES NET CASH FLOWS FROM FINANCING ACTIVITIES $ CASH FLOWS FROM INVESTING ACTIVITIES Increase in Investment Principal - Unrestricted $ (825,815) Increase in Investment Principal - Restricted (1,208) NET CASH FLOWS FROM INVESTMENT ACTIVITIES $ (827,023) NET INCREASE IN CASH $ 5,717 CASH BALANCE - BEGINNING $ 54,219 CASH BALANCE - ENDING $ 59,936 4 See accompanying notes to financial statements NORTH FORK ANIMAL WELFARE LEAGUE, iNC. STATEMENT OF FUNCTIONAL EXPENSES DECEMBER 21,2012 EXPENDITURES Personnel Employee benefits Payroll taxes Legal fees Accounting/Bookkeeping fees Supplies Telephone Postage & Shipping Repairs & maintenance Travel/Education Veterinarian fees Truck expense Office expense Insurance Advertising Bank charges/Credit Card Fees Garbage Licenses/Permits Feral Cat Program Miscellaneous expenses TOTAL EXPENDITURES Program Management % Services & General Total Admin. $ 169,562 $ 42,390 $ 211,952 20% 24,415 6,104 30,519 20% 18,446 4,611 23,057 20% 33,183 33,183 8,240 2,060 I0,300 20% 39,206 39,206 2,726 681 3,407 20% 2,359 589 2,948 20% 906 906 190 190 35,563 35,563 5,458 5,458 2,949 2,949 5,898 50% 13,591 13,591 2,123 2,123 596 596 2,346 2,346 625 625 9,266 9,266 $ 2, I65 $ 541 $ 2,706 20% $ 340,732 $ 93,108 $ 433,841) 5 See accompanying notes to financial statements NORTH FORK ANIMAL WELFARE LEAGUE, INC. NOTES TO FINANCIAL STATEMENT December 31, 2012 NOTE A - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization: North Fork Animal Welfare League, Inc., a non-profit organization, was incorporated July 19, 1963 and is exempt from federal income tax under the provisions of Section 50I(c) (3) of the Internal Revenue Code, and has been designated as an organization which is not a private foundation. The mission of the League is to promote animal welfare by means of neutering, human care and protection of stray and abandoned animals. Accounting Basis The organization uses the accrual method of accounting. The Financial Statements uses the Cost basis in reporting of its marketable securities. As of December 31, 2011 the FMV of the two brokerage accounts are as follows: Wells Fargo - Unrestricted account Wells Fargo - Restricted account $1,323,265.85 $322,835.35 Contractual Agreement with Southold Town: On June 1,2011 the League entered into a 4-year contractual agreement which will expire on May 31, 2015. The agreement calls for a 3% annual increase over the term of the contract. The League is to perform the duties and responsibilities of dog control officer in the enforcement of the provisions of Article 7 of the Agricultural and Markets Law and the Town of Southold rules and regulations. The sum of money paid by the Town in 2012 was in the amount of $17083.33/month for the fkst five months: $17595.83/mo for the last seven months ($208,287.46 for the calendar year 2012). In addition, the League is to operate and maintain at its own expense the Town Animal Shelter in Peconic, NY; properly shelter, feed and water and otherwise care for all dogs in the shelter and comply with all of the duties outlined in the contract. Any humanitarian needs pertaining to the welfare of cats are to be an expense of the League. Use of Estimates in the Preparation of FinanciaI Statements: Management of the League uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affected the reported amounts of assets and liabilities, the disclosure of cuntingent assets and liabilities, and the reported revenues and expenses. Actual results could vary fi-om the estimates that management uses. Cash and Cash Equivalents: The League considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents for purposes of the statement of cash flows exclude permanently restricted cash and cash equivalents. Temporarily Restricted Funds - Troxel Estate: When donations are received for a defined purpose they are restricted until the conditions are deemed as met. In 2006 the NFAWL received $264,196.00 of temporarily restricted fimds fi.om the Estate of Patricia Toner Troxel. The will directs that the funds be used exclusively for construction of an animal shelter solely owned by the League. At December 31, 2012 the Fund Balance was 321,533.89. Only sundry professional and permit costs have been expended. 6 See accompanying notes to financial statements RECEIVED APR 2 9 2013 Southdd Tosv~ C~e~k NORTH FORK ANIMAL WELFARE LEAGUE INC FINANCIAL STATEMENTS MARCH 31, 2013 & 2012 IRWIN & ODELL, CPAs LLC 6 Sterlington Commons Greenport, NY 11944 (63J) 477-3011 (631) 477-9533 (Fax) April 25, 2013 Board of Directors North Fork Animal Welfare League Inc. Southold, NY 11974 We have compiled the accompanying Statement of Financial Position of North Fork Animal Welfare League Inc. as of March 31, 2013 & 2012 and the related Statement of Activ/ties for the three months then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The financial statements have been prepared on the cash accounting basis used by the Company for Federal income tax purposes, which is a comprehensive basis of accounting other than generally accepted accounting principles. A Compilation is limited to presenting in the form of financial statements information that is the representation of management. We have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or any other form of assurance on them. Management has elected to omit substantially all of the disclosures required by generally accepted accounting principles. If the omitted disclosures were included in the financial statements, they might influence the user's conclusions about the Company's financial position, results of Operations, and its cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters. Irwin & Odell, CPAs LLC NORTH FORK ANIMAL WELFARE LEAGUE INC Balance Sheet As of March 3'1, 2013 & 2012 ASSETS Current Assets Checking/Savings 1010. Cash-SCNB General Checking 1012 · Cash-SCNB Restrictsd-Troxel 1015 - Cash-Capital One Checking 1018. Petty Cash Total Checking/Savings 41,679.58 48,845.51 1,436.00 0.00 9,151.52 3,654.88 230.00 230.00 52,497.10 52,730.39 Other Current Assets 1020- Wells Fargo-Regular 1030 · Wells Fargo. Restricted 1090 · Security Deposits 1095 · Prepaid Insurance 1t00 - Due From Restricted -Troxel Total Other Current Assets 1,315,026.19 490,257.95 324,103.23 320,650.25 15,000,00 15,000.00 3,959.49 2,192.67 2,900.00 0.00 1,680,988.91 828,100.87 TOTALASSETS 1,713,486.01 880,83t.26 LIABILITIES & EQUITY Current Liabilities Accounts Payable 2000 · Accounts Payable 2010 · Accounts Payable - EEVESC Total Accounts Payable 16,434.98 9,043.83 0,00 7,814.45 16,434.98 16,358,28 Other Current Liabilities 2050 - FICA/FWT Payable 2060 - SWT Payable 2070 - Other Payroll Taxes Payable 2066. Due to Fund Balance League Total Other Current Liabilities 7,524.18 0.00 1,086.50 0.00 769.76 677.25 2,900.00 0.00 12,280.44 677.25 Total Current Liabilities 28,715.42 17,535.53 Total Liabilities 28,715.42 17,535.53 Equity 3000 · Fund Balance League 3106 - Fund Balance Riverhead 3200 · Fund Balance Restricted-Troxel 3300. Fund Balance Restricted. Grant Total Equity 1,353,910.90 542,545.48 591.46 0.00 322,638.23 320,650.23 7,530.00 0,00 1,684,770.59 853,295.71 TOTAL LIABILITIES & EQUITY 1,713,486.01 880,831.24 Page I of I L~ ooooooooooooo ~ § North Fork Animal Welfare League Quarterly Performance Report For Quarter Ending ~ ~o~ ~ 3-~{ ~ Problem areas in enforcement (Please describe): None noted RECEIVED APR 2 3 2013 $outhold Town Clerk Problem areas in licensing (Please describe):None noted New enforcement methods or programs planned for the upcoming quaxter (Please describe): None noted Policy changes that will take place fi;om past practices (Please describe):None noted Recommendations to the Town Board or the Animal Shelter Oversite Committee concerning animal control, fees, licenses, and animal regulatory ordinances (Please describe): The NFAWL recommends that the Town increase the License fees for unaltered animals over the age of six months. For detailed activities of work performed by the Shelter Operator, please see Animal Intake/Disposition Forms and Citizen Complaint Forms filed on a monthly basis with the Office of the Town Clerk. TOWN OFSOUTHOLD Town Hall, State Route 25 P.O. Box 1179 Southold, New York 11971-0959 RECEIVED To: Town Board From: Tracking Group Date: April 26, 2013 Re: Tracking Report Memorandum Attached is the Land Tracking report for the fa'st quarter of 2013. This quarter marks nine years ofn-acking. Town of Southold Land Tracking Summary for the 1st Quarter of 2013 (January 1, 2013 through March 31, 2013) Prepared April 26th, 2013 The most meaningful numbers from the attached Tracking report to focus on are as follows: Residential Subdivision Rate, Residential Development Rate, Preservation Rate and Density Reduction. All of the other numbers and definitions are used to calculate these four numbers. This page of the report will summarize these four numbers for both the current quarter and cumulatively from April 1, 2004 on for the target areas (buildable subdividable R-40, R-80 and AC). In addition a summary of the Target Area follows indicating the acreages within the target area that have been developed and preserved and the acreages that are still available for development. Quarter of 2013 Summary Residential Subdivision Rate: 0, that is no new building lots were approved Residential Development Rate: 0, that is no new dwellings were issued permits Preservation Rate: 0% Density Reduction: 0% Cumulative Summary from April 1, 2004 on Residential Subdivision Rate: 1 building lot per 14 acres Residential Development Rate: 1 dwelling unit per 49 acres Preservation Rate: 95% Density Reduction: 94% Target Area Summary as of March 31st, 2013 Zone R-40 R-80 AC Total Target acreage as of 4/1/2004 4513 2365 5033 7848 Acreage developed since 4/1/2004 ? 15 32 54 Acreage preserved since 4/1/2004 551 495 1043 1593 Target acreage still available for development 388 1855 3958 6201 Page 1 of 7 Definitions Density Reduction Preservation: Preservation of buildable land that contributes to density reduction, for example development tights purchases. Non-density Reduction Preservation: Preservation of buildable land that does not contribute to density reduction, for example clustered open space created through the subdivision process. Density reduction non-preservation: Land that contributed to density reduction but that is not considered preserved, for example certain covenants and restrictions. Acreage of Preservation: The acreage of preservation is calculated as the sum of DENSITY REDUCTION PRESERVATION and NON-DENSITY REDUCTION PRESERVATION. Residential Subdivision Rate: The residential subdivision rate is calculated as NUMBER OF NON- SUBDIVIDABLE BUILDABLE RESIDENTIAL PARCELS CREATED divided by the sum of ACREAGE OF NON-SUBDIVIDABLE BUILDABLE RESIDENTIAL PARCELS CREATED and ACREAGE OF PRESERVATION and DENSITY REDUCTION NON-PRESERVATION. ACREAGE OF NON-SUBDIVIDABLE BUILDABLE RESIDENTIAL PARCELS will also include ROW and recharge areas created through the subdivision process. The NUMBER OF NON-SUBDIVIDABLE BUILDABLE RESIDENTIAL PARCELS CREATED includes those created by both the Planning Board and the ZBA. Only ZBA approvals that create new parcels compared to the Town Assessors' records as of April 1, 2004 will be included in the numbers above. Further subdividable parcels will not be tracked until they become non-subdividabte or preserved. Residential Development Rate: The residential development rate is calculated as NUMBER OF NEW RESIDENTIAL BUILDiNG UNITS ISSUED PERMITS divided by the sum of ACREAGE OF NEW RESIDENTIAL BUILDiNG UNITS ISSUED PERMITS and ACREAGE OF PRESERVATION and DENSITY REDUCTION NON-PRESERVATION. Note that the NUMBER OF NEW RESIDENTIAL BUILDiNG UNITS ISSUED PERMITS may not equal the number of new residential building permits actually issued in cases where permits for multiple family dwellings are issued. Building permits issued on subdividable parcels will be included in this number with the developed acreage being equal to the minimum zoning acreage. Should this development end up as part of a subdivision where it is clustered to a smaller parcel or within a defined building envelope then the parcel or envelope size will be considered the developed acreage and the numbers above will be adjusted. Renewal, accessory, remodeling, etc. building permits are not included above. Preservation Rate: The preservation rate is calculated as ACREAGE OF PRESERVATION divided by the sum of ACREAGE OF PRESERVATION and ACREAGE OF NEW RESIDENTIAL BUILDiNG UNITS ISSUED PERMITS and DENSITY REDUCTION NON-PRESERVATION. Density Reduction: The density reduction is calculated as the difference of NUMBER OF NEW RESIDENTIAL BUILDiNG UNITS ALLOWED BY ZONiNG and NUMBER OF NEW RESIDENTIAL BUILDiNG UNITS iSSUED PERMITS divided by NUMBER OF NEW RESIDENTIAL BUILDiNG UNITS ALLOWED BY ZONING. The NUMBER OF NEW RESIDENTIAL BUILDING UNITS ALLOWED BY ZONING is calculated as the sum of DENSITY REDUCTION PRESERVATION and DENSITY REDUCTION NON-PRESERVATION multiplied by the subdivision factor from the 2020 Comp Plan update plus the NUMBER OF NEW RESIDENTIAL BUILDING UNITS ISSUED PERMITS. Page 3 of 7 Tracking Statistics for the period January 1st, 2013 through March 31st, 2013 For the following numbers the Target acreage is the buildable subdividable land in the R-40, R-80 & AC zones. Non-target acreage is anything in other zoning districts, non-subdividabte land in the R-40, R-80 & AC zones and unbuildable land. Target Acreage: NUMBER OF NON-SUBDIVIDABLE BUILDABLE RESIDENTIAL PARCELS CREATED .............................. 0 NUMBER OF PARCELS CREATED ALLOWED BY ZBA VARIANCE ............................................................... 0 NUMBER OF PARCELS CREATED ALLOWED BY OVERTURNED C&R ...: .................................................... 0 ACREAGE OF NON-SUBDIVIDABLE BUILDABLE RESIDENTIAL PARCELS CREATED ............................ 0 DENSITY REDUCTION PRESERVATION .............................................................................................................. 0 NON-DENSITY REDUCTION PRESERVATION .................................................................................................... 0 DENSITY REDUCTION NON-PRESERVATION .................................................................................................... 0 ACREAGE OF PRESERVATION .............................................................................................................................. 0 NUMBER OF NEW RESIDENTIAL BUILDING UNITS ISSUED PERMITS ........................................................ 0 ACREAGE OF NEW RESIDENTIAL BUILDING UNITS ISSUED PERMITS ...................................................... 0 NUMBER OF NEW RESIDENTIAL BUILDING UNITS ALLOWED BY ZONING ............................................. 0 Residential subdivision rate ......................................................................................................................................... 0 Residential development rate ....................................................................................................................................... 0 Preservation rate ......................................................................................................................................................... 0 Density reduction ......................................................................................................................................................... 0 Total Target Acreage Preserved ................................................................................................................................. 0 Total Target Acreage Developed ................................................................................................................................ 0 Non-Target Acreage: Total Non-target Buildable Acreage Preserved .......................................................................................................... 0 Total Non-target Unbuildable Acreage Preserved ...................................................................................................... 0 Total Non-target Acreage Developed ......................................................................................................................... 5.27 Building units on Non-target Acreage Developed ...................................................................................................... 6 ZBA accessory apartment approvals .......................................................................................................................... 1 Page 5 of 7 Non-Target Acreage (continued): Type of Preservation Breakdown: Acreage Preserved through Town Fee Title purchase .................................................................... 49.17 Acreage Preserved through Town PDR ......................................................................................... 37.46 Acreage Preserved through Town Easement .................................................................................... 2.39 Acreage Preserved through Town/County Partnership Fee Title Pumhase ...................................... 2.59 Acreage Preserved through County PDR ......................................................................................... 7.91 Acreage Preserved through County Fee Title Purchase ................................................................... 0.92 Acreage Preserved through County Transfer to Parks ..................................................................... 6.35 Acreage Preserved through NYS DEC purchase ............................................................................. 4.43 Total Non-target Unbuildable Acreage Preserved .................................................................................................. 221 Total Non-target Acreage Developed ..................................................................................................................... 296 Building units on Non-target Acreage Developed .................................................................................................. 349 ZBA accessory apartment approvals ........................................................................................................................ 17 Page 7 of 7 n,' rn W n w