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Home My WebLink About1968 IRVING W. MILLER Public Accountant 39 CHESTNUT STREET • HUNTINGTON=N. Y. 11743 SCHOOL AUDITS MUNICIPAL AUDITS HAMILTON 7-6877 CONSULTANT Theodore J. Heuser Associate February 10, 1969 Town Board Town of Southold Suffolk County, New York Dear Sirs: As requested, I have made an audit of the books of the Town of Southold and its Officers for the calendar year 1965, and do hereby certify that, subject to comments made, they are correct. Respectfully submitted, 4 Irving W. Miller Public Accountant IWM:hk • • • TOWN OF SOUTHOLD This engagement called for an audit as set forth in Section ---01)- of _0';of Town Law. a The records of receipts and disbursements were checked in accordance with good accounting practice. Test checks were made from selected records and sources. Book and bank balances were reconciled by the noting of outstanding checks. The reports of the various Town Officers and employees were examined. Sufficient check was made to certify them as correct. Confirmations were secured from outside agencies to verify accounts. Cognizance was taken of a separate independent audit coverin:, the Fishers Island Ferry District. • TOWN OF SOUTHOLD • GENERAL FUND 1968 SUMMARY OF CASH RECEIPTS, EXPENDITURES AND BALANCES TOWN-WIDE PART-TOWN Balance, January 1, 1968 $ 92,492.59 $ 66.-'>1+1.38 Receipts Real Property Taxes $ 261,852.84 $ 278,280.56 State Aid, Per capita 47,197.24 21,908.32 State Aid, Mortgate Tax 33,412.35 State Aid, Home Relief 22,451.56 State Aid, Railroad Tax Loss 602.68 6,0>5.86 Int. & Penalties on Taxes 3,50.3.03 Dog License Monies 3,254.33 Bingo Licenses 15819.34 Trailer Permits 135.00 Town Trustees 1,321.78 Franchises 25.00 Interest on Deposits 6,556.23 5,9)4.32 Justices Fines & Fees 6,164.50 Welfare Repayments 1,758.00 Airport Revenue 160.00 Town Beach Concession 450.00 Town Clerk Fees 2,692.90 Refunds, etc. 1,398.06 2-' 8.61 Authorized Sales 9,336.75 Charges to Other Gov'ts. 1,000.00 3,3J0.00 N. Y. S. Sales Tax 126.78 Unused Proceeds of Borrowings 5,699.28 Fees — Building Department —0— 3,208.35 Fees - Planning Board -0- 1,680.00 Fees - Board of Appeals -0- 336.00 Fees - Change of Zone -0- 673.70 Fees — Police Transcripts —0— 298.50 Total Receipts and Balance $ 503,410.21 $ 388,565.60 • Less: Expenditures 395,314.00 354,7'8.18 Balances, December 31, 1968 $ 108,096.24 $ 33,8;','7.42 • TOWN OF SOUTHOLD HIGHWAY FUNDS - 1968 SUMMARY OF CASH RECEIPTS, EXPENDITURES AND BALANCES Repairs & Snow & ` Improvements Bridges Machinery Miscellaneous Item #1 Item #2 Item #3 Item #4 Balance, January 1 $ 71,195.86 $ 2,518.44 $ 23,397.50 $ 3'.3.481.07 Receipts Real Property Taxes $ 213,303.62 -0- 69,187.38 86,661.46 State Aid 17,284.95 -0- 4,857.07 -0- Interest on Deposits 31716.65 -0- 7,378.33 -0- Other Sources 4,532.97 -0- 304.04 -0- Total Receipts and • Balance $ 310,034.05 $ 2,518.44 $ 105,124.32 $ 126,142.53 Less: Expenditures 250,517.07 -0- 88,123.86 75,137.78 Balance, December 31 $ 59,516.98 $ 2,518.44 $ 17,000.46 $ 51,001x..75 • • TOWN OF SOUTHOLD SPECIAL DISTRICTS - 1965 SUMMARY OF CASH RECEIPTS EXPENDITURES AND BALANCES Balance Balance January 1 Receipts Expenditures Decembor 31 E-W Greenport Fire Prot. $ 2,737.10 $ 16,157.19 $ 15,515.46 $ 3,408.83 E-W Greenport Light 291.10 4,515.15 4,594.96 211..29 Mattituck Light ##1 99.02 9,774.75 9,394.45 479.29 Mattituck Light #2 339.99 1,204. 64 1,051.20 4-1-43 Cutchogue, Light 641.01 11,240.33 10,654.71 1,1A.63 Peconic Light 261.73 2,322.23 2,441.40 142.56 Southold Light 417.51 9,365.60 9,657.55 125.56 Fishers Island Light 435.16 1,556.19 2,079.96 211.39 East Marion Light 245.77 3,109.25 3,010.50 44.25 Orient Light 322.53 3,992.37 3,995.40 316.50 TOTAL $ 5,791.22 $ 63,567.73 $ 62,425.92 $ 6,930.03 • TOWN OF SOUTHOLD OTHER FUNDS SUMMARY OF CASH RECEIPTS, EXPENDITURES AND BALANCES Balance Balani c e January 1 Receipts Expenditures DecemL,er 31. Tax Account 1967-68 $ 621,515.33 $ 2,427,147. 67 $ 3,048,663.00 $ -0- Tax Account 1968-69 -0- 510,260.23 -0- 510,26o.23 Fishers Island Ferry District 71,799.55 265,964.02 2541.267.74 531495.56 Fishers Island Agency & Trust 450.70 9,345.79 9,500.27 296.22 Agency & Trust Town 12,281.52 134,545.44 133,255.32 1.3 ,544.64 Bathing Beach Purchase 349.76 -0- 349.76 -0- Land Acquisition Funds 3,225.42 17,500.00 20,229.97 495.45 Ferry Purchase Fund 73,590.24 446.25 74,036.49 -0- Beach Fund 15,500.00 -0- 15,500.00 -0- Machinery Note 300.00 -0- 300.00 -0- Fund We'fare Reading and Budget Note 5,000.00 25,000.00 16,795.15 13,204.52 • • • TOWN OF SOUTHOLD BANK RECONCILIATIONS (First Page) AS OF DECEMBER 31, 1968 Add: Checks In Transit or Bank Account Outstanding Adjustments Balance General Accounts Town Wide $ 108,096.24 Part-Town 33,837.42 Welfare Pending 13,204.82 (Valley Natl. Bank.) $ 28,079.81 $ 100,013.47 (Valley Natl. Bank) 1.45.80 13 ,350.62 (Valley Natl. Bank) Time Deposits 70,000.00 $ 155,138.48 $ 28,225.61 $ 153064.09 Highway Fund Item #1 $ 59,516.98 Item #2 2,518.44 Item #3 17,000.46 Item #4 515004.75 0 (North Fork Bank & Trust) 5,195.38 + 116.67 $ 37,352.68 (North Fork Bank & Trust-Time Deposits) ��S,000.00 $ 130,040. 63 $ 5,195.38 $ + 116.67 $ 1_,5 ,352. (6S8 Fisher's Island- Regular $ 83,495.86 $ 1,381.80 $ - 268.44 (Valley Natl. Bank) $ ,_,_ 6, 09.22 Fisher's Island- Agency & Trust 296.22 147.20 • North Fork Bank & Trust) $ 443.42 Agency & Trust- Regular $ 13 ,544.64 $ 1,363.12 (Valley Nati. Bank) $ 14,907.76 • TOWN OF SOUTHOLD BANK RECONCILIATIONS (Second Page) AS OF DECEMBER 31, 1968 Book Add: Checks Bank Account Outstanding Balance Special Distrcts Fund $ 6,930.03 -0- (Security National Bank) $ 6,930- Tax Account $ 510,260.23 -0- (North Fork Bank & Trust) $ 510,260.2, Land Acquisition Fund $ 495.45 $ -0- (Security National Bank) $ 495.4") s