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Home My WebLink About2015 FI Waste Management Component Unit Annual Financial Report, ,RECEIVE[ PJAR 2 9 201 For: Fishers Island Waste Management, y VAR 2 9 2016 For the fiscal year ended: December 31, 2015._ Southold Town Clerk Operating Fund Balance Sheet Assets Cash $ 32,255 Cash in Time 550,475 Investments Taxes Receivable Other Receivables - State and Federal Aid Receivables Due From Other Governments 125,256 Prepaid Expenses 18,057 IQMLQssets $ 726,043 Liabilities& Fund Equity Accounts Payable $ 7,898 Notes Payable Due to Other Governments 6,878 Deferred Revenues 125,256 Taxes Payable Other Payable Total Liabilities $ 140,032 Fund Balance-Assigned $ 592.459 Fund Balance-- Unassigned (6,4448) Total_Fund Egu� $ 586,011 Qt l:l i {1j les .j✓t1Od tlUitY. $ 726,043 Page 1 Component Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2015 Operating Fund Analysis of Changes in Fund Equity Fund Equitv -Beginning of Fiscal Year $ 609,937 Add: Revenues and Other Sources 604,210 Deduct: Expenditures and Other Uses 628,136 Revenues and Other Sources Over(Under) Expenditures and Other Uses (23,926) E—YQAL- aVi -F-n-A.> 50-1Y„-@,AC $ 586,011 *Total includes Assigned and Unassigned Fund Balance Page 2 Component Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2015 Operating Fund Detail of Revenues and Other Sources Revenues Budget Actual Real Property Taxes 558,643 $ 558,652 Real Property Tax Items Non-property Tax Items Departmental Income 48,025 43,075 Use of Money and Property 3,872 1,999 Sale of Property and Compensation for Loss Miscellaneous Local Sources 484 State Aide Federal Aide Other Income Total Revenues $ 610,540 $ 604,210 Interfund Transfers Proceeds of Obligations Total Revenues and Other Sources $ 610,540 $ 604,210 Page 3 Component Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2015 Operating Fund Detail of Expenditures and Other Uses Expenditures Budget Actual Personal Services 295,400 $ 239,177 Equipment and Capital Outlay 0 7,495 Contractual Expenses 309,140 284,527 Employee Benefits 6,000 96,937 Debt Principal Debt Interest Total Expenditures $ 610,540 $ 628,136 lnterfund Transfers Total Expenditures and Other Uses $ 610,540 $ 628,136 Page 4 Component Unit Annual Financial Report For. Fishers Island Soled Waste Management For the fiscal year ended: December 31, 2015 Capital Fund Balance Sheet Assets Cash Cash in Time Investments Taxes Receivable Other Receivables State and Federal Aid Receivables - Due From Other Governments Prepaid Expenses T91-a A.,Re,1§, - Liabilities& Fund Eguity 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 $ _ tliabl�ties ,Fyndti $ - Page 5 Component Unit Annual Financial Report For: Fishers Island Waste Management For the fiscal year ended: December 31, 2015 Capital Fund Analysis of Changes in Fund Equity Fund Eguity- Beginning of Fiscal Year Add: Revenues and Other Sources Deduct: Expenditures and Other Uses Revenues and Other Sources Over(Under) Expenditures and Other Uses Emtnd..Eiauity *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, 2015 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, 2015 Capital Fund Detail of Expenditures and Other Uses Extaenditures 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: Fishers Island Waste Management For the fiscal year ended: December 31, 2015 General Fixed Assets Assets Land $ 517,217 Buildings 368,180 Improvements other than Building 2,380,858 Machinery& Equipment 722,622 Infrastructure 28,221 Tat A gta $ 4,017,098 )-,QYq.§tW9DUD--G—,P -4m-els- $ 4,017,098 Page 9 Component Unit Annual Financial Report For: Fishers Island Waste Management For fiscal year ending December 31, 2015 Cash, Per Balance Sheet Less: Name and Location of Bank Bank Balance Checks Outstanding Add: Cash on Adjusted Bank Hand Balance Citizens Bank Checking 4,871 _ - 4,871 Morgan Stanley 557,385 557,385 Citizens Bank Checking 19,291 1.600 2,283 19,974 Add: Petty Cash Funds Total Adjusted Bank Balance and Petty Cash 500 $ 582,730 Page 10 Component Unit Annual Financial Report For Fishers Island Waste Management 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 4 Total#Part Time Employees 0 Account Total #of Full Time #of Part Time Code Description Expenditures Employees Employees #of Retirees 90108 State Retirement System $ 90258 Local Pension $ 90308 Social Security : $ 14,782.00 4 Workers Compensation 90408 Insurance $ 9,834.00 4 90458 Life Insurance $ 90508 Unemployment Insurance $ 3,763.00 4 90558 Disability Insurance $ 364.00 4 Hospital and Medical 90608 (Dental)Insurance $ 65,389.00 4 90708 Union Welfare Benefits $ - 90898 Other Employee Senefds $ 2,805.00 2 Certification of Fiscal Officer I, 1 r r- /14!!�Z961V certify that I am the fiscal officer of the and that this report, to the best of my knowledge, information and belief, is a true and correct statement of the financial transactions and ftsca ndition fo the fis 1, ear ended_ -_�v Signature Title 3i3 Gote-D �/Z Official Address k Date 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