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Home My WebLink About2015 1? _ MAR 4 2016 3 _: Component Unit Annual Financial Report s ; For SOUTHOLD PARK DISTRICT . '' of 3-0.111:7:1; f, iµi: r � PT. For the fiscal year ended DECEMBER 31, 2015 RECEIVED Operating Fund MAR - 7 2016 Balance Sheet Assets Southold Town Clerk Cash $135,632 Cash in Time Investments - Taxes Receivable Other Receivables State and Federal Aid Receivables Due From Other Governments Prepaid Expenses Total Assets, $135,632 Liabilities& Fund Equity Accounts Payable Notes Payable Due to Other Governments Deferred Revenues Total Liabilities Fund Balance-Appropriated ensuing year $ Fund Balance-- Unreserved $135,632 Total Fund Equity $135,632 Total Liabilities& Fund Equity, $135,632 Page 1 Component Unit Annual Financial Report For SOUTHOLD PARK DISTRICT For the fiscal year ended DECEMBER 3t 2015 Operating Fund Analysis of Changes in Fund Equity Fund Equity-Beginning of Fiscal Year $81,869 Add: Revenues and Other Sources $374,811 Deduct: Expenditures and Other Uses -$321,048 Revenues and Other Sources Over(Under) Expenditures and Other Uses $53,763 Fund Equity-End of Fiscal Year* $135,632 *Total includes Appropriated and Unreserved Fund Balance Page 2 Component Unit Annual Financial Report For SOUTHOLD PARK DISTRICT For the fiscal year ended DECEMBER 31, 2015 Operating Fund Detail of Revenues and Other Sources Revenues Budget Actual Real Property Taxes $327,726 $327,726 Real Property Tax Items Non-property Tax Items Departmental Income Use of Money and Property $47,085 Sale of Property and Compensation for Loss Miscellaneous Local Sources State Aide Federal Aide Total Revenues $327,726 $374,811 Interfund Transfers Proceeds of Obligations Total Revenues and Other Sources $327,726 $374,811 USE OF MONEY AND PROPERTY: RENTAL INCOME $42,505 INTEREST INCOME $14 ADMISSION FEES $4.566 TOTAL $47,085 Page 3 Component Unit Annual Financial Report For SOUTHOLD PARK DISTRICT For the fiscal year ended DECEMBER 31. 2015 Operating Fund Detail of Expenditures and Other Uses Expenditures Budget Actual Personal Services $140,000 $122,153 Equipment and Capital Outlay Contractual Expenses Employee Benefits $53,189 Debt Principal Debt Interest INSURANCE $48,000 $45,737 UTILITIES $40,000 $31,997 MAINTENANCE $52,426 $32,775 OTHER: SEE BELOW $47,300 $35,197 Total Expenditures $327,726 $321,048 Interfund Transfers Total Expenditures and Other Uses $327,726 $321,048 OTHER: SITE IMPROVEMENTS $24,050 $13,767 TRUCK EXPENSES $10,000 $6,199 MISCELLANEOUS $10,000 $11,141 LEGAL AND PROFESSIONAL $3,000 $3,930 NOTICES $250 $160 TOTALS $47,300 $35,197 Page 4 S e 17 Pxc7L%oa-p ei Site Improvements-LED Lighting upgrade$13767 Salaries (personal services) $122,153 Emnployee Benefits Fica Expense $9,345 Payroll Service477 (`j Uniforms 130C Disability insurance 542 Workers Comp 1891- in order to correct NYS Retirement going forward 2014 NYS Retirement expense(pd 1/15) 19182 2015 NYS Retirement expense(pd 11/15) 21446 Total Employee Benefits $53,189 Page 4 A- Component Unit Annual Financial Report For SOUTHOLD PARK DISTRICT For the fiscal year ended DECEMBER 31. 2015 Capital Fund • Balance Sheet Assets NOT APPLICABLE Cash $ Cash in Time Investments Taxes Receivable Other Receivables State and Federal Aid Receivables Due From Other Governments Prepaid Expenses Total Assets, $ Liabilities& Fund Equity Accounts Payable $ Notes Payable Due to Other Governments Deferred Revenues Total Liabilities $ Fund Balance-Appropriated ensuing year $ Fund Balance-- Unreserved Total Fund Equity $ Total Liabilities & Fund Equity $ Page 5 Component Unit Annual Financial Report For SOUTHOLD PARK DISTRICT For the fiscal year ended DECEMBER 31. 2014 Capital Fund Analysis of Changes in Fund Equity NOT APPLICABLE Fund 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 fund Equity-End of Fiscal Year* $ *Total includes Appropriated and Unreserved Fund Balance Page 6 Component Unit Annual Financial Report For SOUTHOLD PARK DISTRICT For the fiscal year ended DECEMBER 31, 2015 Capital Fund Detail of Revenues and Other Sources NOT APPLICABLE 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 Total Revenues $ $ Interfund Transfers Proceeds of Obligations Total Revenues and Other Sources $ $ Page 7 Component Unit Annual Financial Report For SOUTHOLD PARK DISTRICT For the fiscal year ended DECEMBER 31, 2015 Capital Fund Detail of Expenditures and Other Uses NOT APPLICABLE Expenditures Budget Actual 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 Component Unit Annual Financial Report For SOUTHOLD PARK DISTRICT For the fiscal year ended_DECEMBER 31, 2015 General Fixed Assets INFORMATION IS NOT AVAILABLE Assets Land $ Buildings Machinery&Equipment Total Assets $ Investment in General Fixed Assets $ Page 9 Component Unit Annual Financial Report For SOUTHOLD PARK DISTRICT For the fiscal year ended_DECEMBER 31,2015 Cash, Per Balance Sheet Operating Fund Less: Outstanding Add:Cash on Adjusted Bank Name and Location of Bank Bank Balance Checks Hand Balance Bridgehampton National Bank $126,701 7492 500 $119,709 Bridgehampton National Bank $15,923 0 $15,923 Add:Petty Cash Funds Total Adjusted Bank Balance and Petty Cash $135,632 Capital Fund Less: Outstanding Add:Cash on Adjusted Bank Name and Location of Bank Bank Balance Checks Hand Balance Add:Petty Cash Funds Total Adjusted Bank Balance and Petty Cash $ Page 10 • Component Unit Annual Financial Report For SOUTHOLD PARK DISTRICT For the fiscal year ended December 31. 2015 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 3 Total#Part Time Employees 30 Account Total #of Full Time #of Part Time Code Description Expenditures Employees Employees #of Retirees 90108 State Retirement System $40,628 2 1 90258 Local Pension $0 90308 Social Security $9,345 3 30 0 Workers Compensation 90408 Insurance $1,891 3 30 0 90458 Life Insurance $0 90508 Unemployment Insurance $0 90558 Disability Insurance $542 3 30 Hospital and Medical 90608 (Dental)Insurance $20,376 2 0 90708 Union Welfare Benefits $0 90898 Other Employee Benefits $0 Page 11 • , e Certification of Fiscal Officer I, SANDRA KOLLEN , certify that I am the fiscal officer of the SOUTHOLD PARK DISTRICT , and that this report, to the best of my knowledge, information and belief, is a true and correct statement of the financial transactions and fiscal con oo ition for he fiscal year end 'd DE EMBER 31, 2015. ' TREASURER Signaty a TitleS—774-A-1110-4t-e: ; 417c7 `0 Official Address Date PO BOX 959 SOUTHOLD, NEW YORK 1`1971 765-6019 Telephone Number Please mail report to: If you have any questions relating to this Town Comptroller report, please call Town Hall: Town of Southold (631)765-4333 53095 Route 25 PO Box 1179 Southold, NY 11971-0959 Page 12