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Home My WebLink About2014 FI Waste ManagementComponent Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2014 Operating Fund Balance Sheet Assets Cash Cash in Time Investments Taxes Receivable Other Receivables State and Federal Aid Receivables Due From Other Governments Prepaid Expenses . _ - Liabilities & Fund Equity Accounts Payable Notes Payable Due to Other Governments Deferred Revenues Taxes Payable Other Payable Total Liabilities Fund Balance - Assigned Fund Balance -- Unassigned Total Fund Equity Page 1 $ 15,979 590,877 120,166 23,398 $ 750,420 $ 7,768 12,547 120,166 $ 140,481 $ 632,288 (22,349 $ 609,939 $ 750,420 Component Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2014 Operating Fund Analysis of Changes in Fund Equity Funo Equity - Beginning of Fiscal Year Add, Revenues and Other Sources Deduct: Expenditures and Other Uses Revenues and Other Sources Over (Under) Expenditures and Other Uses Eund Eouity - End of Fiscal Year* 600,396 999,514 * Total includes Assigned and Unassigned Fund Balance Page 2 $ 1,009,057 (399,118) $ 609,939 Component Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2014 Operating Fund Detail of Revenues and Other Sources Revenues Real Property Taxes Real Property Tax Items Non -property Tax items Departmental Income Use of Money and Property Sale of Property and Compensation for Loss Miscellaneous Local Sources State Aide Federal Aide Other Income Total Revenues tnterfund Transfers Proceeds of Obligations Total Revenues and Other Sources Page 3 Budget Actual $ 547,714 48,530 3,869 283 $ 600,396 $ 600,396 Component Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2014 Operating Fund Detail of Expenditures and Other Uses Ex enditures Personal Services Equipment and Capital Outlay Contractual Expenses Employee Benefits Debt Principal Debt Interest Total Expenditures Interfund Transfers Total Expenditures and Other Uses Page 4 Budget Actual $ 197,375 350, 516 349,162 102,461 $ 999,514 $ 999,514 Assets Component Unit Annual Financial Report For: Fishers Island Solid Waste Management For the fiscal year ended: December 31, 2014 Capital Fund Balance Sheet Cash Cash in Time Investments Taxes Receivable Other Receivables State and Federal Aid Receivables Due From Other Governments Prepaid Expenses Idal Assets Liabilities & Fund Equity Accounts Payable Notes Payable Due to Other Governments Deferred Revenues Taxes Payable Other Payable Total Liabilities Fund Balance - Appropriated ensuing year Fund Balance -- Unreserved Total Fund Equity Page 5 Component Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2014 Capital Fund Analysis of Changes in Fund Equity Fungi! Equity - Beginning of Fiscal Year Addi Revenues and Other Sources Deduct: Expenditures and Other Uses Revenues and Other Sources Over (Under) Expenditures and Other Uses - Fun� Eguity - End of Fiscal Year* $ - * Total includes Appropriated and Unreserved Fund Balance Page 6 Component Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2014 Capital Fund Detail of Revenues and Other Sources Revenues Budget Actual Real Property Taxes $ Real Property Tax Items Non -property Tax Items Departmental Income Use of Money and Property Sale of Property and Compensation for Loss Miscellaneous Local Sources State Aide Federal Aide Other Income Total Revenues $ $ Interfund Transfers Proceeds of Obligations BANS redeemed from appropriations Total Revenues and Other Sources $ Page 7 Component Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2014 Capital Fund Detail of Expenditures and Other Uses Exognditures Personal Services Equipment and Capital Outlay Contractual Expenses Employee Benefits Debt Principal Debt Interest Total Expenditures Interfund Transfers Total Expenditures and Other Uses Page 8 Budget Actual Component Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2014 General Fixed Assets Assets Land $ 517,217 Buildings 368,180 Improvements other than Building 2,380,858 Machinery & Equipment 714,827 Infrastructure 28,221 Total Assets $ 4,009,303 t t't Fixert' '• d /1• 1 Page 9 Name and Location of Bank Citizens Bank Checking Morgan Stanley Citizens Bank Checking Component Unit Annual FinanciatReport For: Fishers Island Waste Management For fiscal year ending December 31, 2014 Cash, Per Balance Sheet Bank Balance 8,596 596,971 3,929 Add: Petty Cash Funds Total Adjusted Bank Balance and Petty Cash Less: Outstanding Checks Page 10 3,140 Add: Cash on Hand Adjusted Bank Balance 5,456 596,971 3,929 500 $ 606,856 Component Unit Annual Financial Report For Fishers Island Waste Management For the fiscal year ended: December 31, 2014 Schedule of Employee and Retiree Benefits 1. Please fill in the schedule below using aggregate expenditure amounts from all funds for each account code. 2. Amounts listed should be applicable to your specific District only. 3. Employee counts should reflect the actual number of employees that the District paid benefits for during the year. 4. If you did not have paid employees or did not pay specific benefits for employees, enter zero's in the boxes. Total # Full Time Employees 4 Total # Part Time Employees 3 Code I Description 90108 ;StateRetirement Systen _ _�_.�-. ._. _ 90258 i Local Pension 90308 Social Security Workers Compensation 90408 Insurance 90458 I Life Insurance Expenditures " Empla $ i I $ 15,099.00 1 4 i $ 8,836.00 '.. 4 90508 Unemployment Insurance ! $ 3,813.00 90558 Disability Insurance I 90608 Hospital and Medical € (Dental) Insurance $ 74,021 00 90708 Union Welfare Benefits $ - 90898 i Other Employee Benefits $ 692.00 4 4 3 3 3 1 i # of Retirees 1 Certification of Fiscal Officer 1, Beth Stern certify that 1 am the fiscal officer of the Fishers Island Waste Management Dip"that this report, to the best of my knowledge, information and belief, is a true and correct statement of the financial transactions and fiscal condition for the fiscal year ended 2014 A Dtgttally signed by Beth A Stern Beth A Stern DNsn= Beth stemangemer7MQou=Manager, ` ` ema8=flwastemanagement@gmalLcom,r-US Business Manaaer Signature Title PO Box 22 Official Address Fishers Island, NY 06390 Blease mail report to: Town Comptroller Town of Southold 53095 Route 25 00 Box 1179 Southold, NY 11971-0959 March 14, 2015 Date 631.788.7455 Telephone Number If you have any questions relating to this report, please call Town Hall: (631) 765-4333 Page 12