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Home My WebLink About1994 FI Waste Management ALL NUMBERS IN THIS REPORT P�ase check one MUST BE ROUNDED TO THE Component Unit NEAREST DOLLAR. _'Independent Special Purpose Unit FINANCIAL REPORT FOR COMPONENT UNITS (CUFR) OR INDEPENDENT SPECIAL PURP05E UNITS (SPUFR) FOR Fishers Island Garbage and Refuse District ��C��'D Name of Unit �,��f� ; 1gq5 Town of Southold, Suffolk County , New York Name of Primary Government (Component) $outholci Tovvn Clerk FOR THE FISCAL YEAR ENDED 12/31/94 w*,r,r*,r,t,t�w,r�*,t,r*,r*,r,t***�,r*,r,r**w*,t*,t,t*,r,ra,r,r,a � STATE OF NEW YORK OFFICE OF THE STATE COMPTROLLER DIVISION OF MUNICIPAL AFFAIRS ALBANY, NEW YORK 12236 In accordance uith new reporting_requirements pursuant to GASB Statement 14, a s�arate report must be prepared for each component unit in the reporting entity. :evised 1994 �� . �- • �� TABLE OF CONTENTS Operating Fund ealanceSheet ............................................................................................................... p 1 Analysisof Changes in Fund Equity .......................................................................................... p. 2 Detailof Revenues .......................................................................................................... p 3 Detailof Expenditures ...................................................................................................... � p. 4 Capital Prolects Funds ealanceSheet ....................................................................................... ........................ p. 5 Analysisof Changes in Fund Equity .......................................................................................... p. 6 Detail of Revenues and Other Sources and Proceeds of Long-Term Obligations .................................................. p. 7 Analysisof Capital Expenditures for Current Year ........................................................................... p. 8 Enterprise Fund ealanceSheet ............................................................................................................... p 9 Statement of Revenues, Expenses and Changes in Fund Equity .................................................................. p.10 Statementof Cash Flows ..................................................................................................... p 11 Trust and Aaencv Funds ealanceSheet - Agency Funds ................................................................................................ p.13 BalanceSheet - Expendable Trust Funds ...................................................................................... p.14 Statement of Revenues, Expenditures and Changes in Fund Equity - Expendable Trust Funds ..................................... p.15 BalanceSheet - Non-Expendabte 7rust Funds .................................................................................. p.16 Statement of Revenues, Expenditures and Changes in Fund Equity - Non-Expendable Trust Funds ................................. p.17 Statementof General Fixed Assets ................................................................................................ p.18 Statementof General Lona-Term Debt .............................................................e................................ p.19 Notes to Financial Statements .................................................................................................... p.20 DEBT SECTION Statement of Indebtedness ........................................................................................................ p.21 MaturitvSchedule ................................................................................................................ p.23 SUPPLEMENTAL INFORMATION 9ankReconciliation e...,,,�...................................................................................................... p.26 Certificate of Fiscal Officer .................................................................................................... p.27 w ' , � OPERATING FUND * BALANCE SHEET * AS OF T�e c e mb e r 31 , 19 9 4 ASSETS EDP CODE LIABILITIES AND FUND EQUITY EDP CODE Cash _ _1005 $ 194 , 588 Accounts Payable _ _2005 $ 15 , 960 Investments _ _1055 Accrued Liabilities _ _205S 439 Taxes Receivable (Net) _ _1105 Retained Percentages _ _2105 Other Receivables (Net) _ _1155 Notes Payable _ _2155 State and Federal Aid _ _1205 Other Liabilities _ _220S Receivables Due to Other Funds _ _2255 Due From Other Funds 1255 Due to Other Governments 2305 Due From Other Governments - 130S - Deferred Revenues 245S Inventories 1355 Prepaid Expenses _ _1405 Total Liabilities 1 h , 3 9 9 d Restricted Assets 1455 ' Fund Balance - Reserved Encumbrances _ _3155 - Special Reserves _ _320S unreserved Fund salance - 325s 178 , 189 � Total �nd Equity 17 8 � 18 9 TOTAL ASSETS $ 194 , 5 88 TOTAL LIABILITIES AND FUND EQUITY $ 194 , 5�4 8 ° The Notes to the Financial Statements are an integral part of this statement. 1. OPERATING FUND ANALYSIS OF CHANGES IN FUND EQUITY - � ' FOR THE FISCAL YEAR ENDED D2Ce[TIUEr 31 , 1994 , EDPCODE Fund Equity - eeginning of Fiscal Year"" _ _400S $ 55 , �4� Add: Revenues and Other Sources $ 350 , 155 oeduct: �xoendi tures and other Uses 2 3 8 , 9 9_1 Revenues and Other Sources Over (Under) Expendi tures and Other Uses 121 , �4 S Fund Equi ty - End of F i sca l Year* _ 405S $ 17 8 , 18 9 *Total includes Reserved and Unreserved Fund Balance. 2. � • . , � OPERATING FUND - DETAIL OF REVENUES AND OTHER SOURCES EDP CODE Real Property Taxes _ _500S $ 344 , Zn8 Real Property Tax Items _ _ _505S Non-Property Tax Items _ _510s Departmental Income _ 515S 8 , 6 4 4 Intergovernmental Charges _ _520S Use of Money and Property _ 525S . � � 3O4 Sele of Property and Compensation for Loss _ _530S Miscellaneous Local Sources _ 5355 Interfund Revenues 5405 State Aid 545S � - , Federal Aid � 550S TOTAL REVENUES $ 3 5 0 , 15 6 Interfund Transfers _ _555S Proceeds of Obligations _ _560S TOTAL REVENUES AND OTHER SOURCES $ 3 o O , 15 6 � 3. OPERATING FUND DETAIL OF EXPENDITURES I�ND OTHER USES , EQUIPMENT & CONTRACTUAL EDP CODE TOTAL PERSONAL SERVICES CAPITAL OUTLAY EXPENDITURES EMPLOYEE BENEFITS OS 1S 2S 4S 8S FUNCTIONAL UNIT General �overnment support _ _5 0 0 $ 2 21 ,3 9 0 $ $ $ %'� 2 21 �3 9 0 $ Education _ _605 Public Safety _ _610 Health _ �615 Transportation _ _620 Economic Assistance & Opportunity _ _625 Culture and Recreation _ _630 Home and Community Services _ _635 Employee Benefits _ _640.85 Debt Principal _ _645.65 Debt Interest _ _650.7S %: See Attached for Detail TOTAL EXPENDITURES $ �2-� , 3 9 0 %� Interfund Transfers _ _655.95 1� � 521 %' TOTAL EXPENDITURES AND OTHER USES $ 2 3$ , 911 %�� 4. FISHERS ISLAND GARBAGE & REFOSE DISTRICT ' Page.4: Expenditures and Other Uses . Expenditures• Commission fees $ 7,420�' Legal 14,005✓ Accounting � 5,058- Office expense . � 1,113-' Garbage hauling � � 33,660 - Bank charges 228 , Fuel - 441 Repairs and maintenance 620 Insurance � , 7,2 66-� Travel - 166 ' Consulting fees � 11,692 , � Casual labor 2,235 Advertising 552 Transfer station operation 26,827 � Transfer station maintenance 889 Transfer station utilities . 4,418 Ferry transportation 8,139 Burn dump operation/maintenance 37,607 Burn dump utilities 867 Garbage tipping fees 30,671 Hazardous waste removal 9,100 ` Dues and subscriptions 66 Dumpster and container rentals 5,377 � Wages • - . 11,544� Payroll taxes 1,429 $ 221,390'� Interfund Transfers: Transfer station improvements 5,121 ; • Equipment_ acquisitions 12,400 17,521� TOTAL �EXPENDITURES AND �OTHER USES $ 238,911 � � � ' CAPITAL PROJECTS FUND * BALANCE SHEET * AS OF , N/A ASSETS EDP CODE LIABILITIES AND FUND E�U1TY EDP CODE Cash H1005 S Accounts Payable H2O05 $ Investments H105S Accrued Liabilities H2O5S Other Receivables (Net) H115S Retained Percentages H210S State and Federal Aid Notes Payable H215S Receivables H120S Other Liabilities H220S Due From Other Funds H125S Due to Other Funds H225S Due From Other Governments H130S Due to Other Governments H230S Inventories H135S Deferred Revenues H245S Prepaid Expenses H140S Restricted Assets H145S Total Liabilities Fund Balance - Reserved Encumbrances H315S Special Reserves H320S Unreserved Fund Balance - H325S Total Fund Equity TOTAL ASSETS $ TOTAL LIABILITIES AND FUND EQUITY $ 5. CAPITAL PROJECTS FUND ANALYSIS OF CHANGES IN FUND EQUITY N/A � FOR THE FISCAL YEAR ENDED , , EDPCODE Fund Equity - Beginning of Fiscal Year* H400S $ Add: °�.�nues �n� Othe; Sc�,��s a Deduct: Expenditures and Other Uses Revenues and Other Sources Over (Under) Expenditures and Other Uses Fund Equity - End of Fiscal Year* H405S S *TotaL includes Reserved and Unreserved fund Balance. b. • CAPITAL PROJECTS FUND N�A DETAIL OF REVENUES AND OTNER SOURCES EDPCODE Departmental Income H515S $ Use of Money and Property H525S ' Miscellaneous Local Sources H535S State Aid H545S Federal Aid N550S TOTAL REVENUES $ Interfund 7ransfers H555S Proceeds of Obligations H560S TOTAL REVENUES AND OTHER SOURCES $ 7. CAPITAL PROJECTS FUND DETAIL OF EXPENDITURES AND OTNER USES BY ADMINISTRATIVE UNIT �j�A • ' EDPCODE - General Government Support H600.2S S Education H605.2S Public Safety H610.2S Health H615.2S ` Transportation H620.2S Economic Assistarice and Opportunity H625.2S Culture and Recreation H630.2S Home and Comnunity Services H635.2S TOTAL EXPENDITURES $ Interfund Transfers H655.9S , TOTAL EXPENDITURES AND OTHER USES $ 8. . , , ' ENTERPRISE FUND * BALANCE SHEET * AS OF . N/A ASSETS EDP CODE LIABILITIES AND fUND E�UITY EDP CODE Cash E_100S S Accounts Payable E_200S S Investments E_105S Accrued Liabilities E_2055 Other Receivables (Net) E_115S Retained Percentages E_210S State and Federal Aid Notes Payable E_215S Receivables E 120S Other Liabilities E 220S - Due From Other Funds E 125S Due to Other Funds E_225S Due From other Governments E 130S � Due to Other Governments E 230S Inventories E 135S Bond and Long Term Liabilities E_240S Prepaid Expenses E_140S Deferred Revenues E_245S Restricted Assets E 145S Fixed Assets (Net) E_150S Total Liabilities $ � Fund Equity Contributed Capital E_300S Retained Earnings E 310S Total fund Equity $ TOTAL ASSETS $ TOTAL LIABILI7IES AND FUND EQUITY $ The Notes to the Financial Statements are an integral part of this statement. 9. ENTERPRISE FUNDS STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY FOR FISCAL YEAR ENDED , N�� ' ' EDPCODE TOTAL Operatina Revenues Charges for Services E S S E S Total Operating Revenues $ Operatin9 Expenses Persc��a! S2rv��es ` �S � Contractual Expenses E .4S Employee Benefits E .8S Depreciation E_603.45 Total Operating Expenses $ Operating Income (Loss) $ Non-Operating Revenues (Expenses) Revenues: Use of Money and Property E_525S S Sale of Property and Comp. for Loss E_530S E S Expenses: (Specify) E S E S Net Non-Oper. Revenue (Expense) $ lncome (Loss) Before Transfers and Taxes $ Operating Transfers In E_555S Operating Transfers Out E_655.95 Real Property Taxes E .4S Net Income (Loss) $ Fund Equity - eeginning of Year E_4005 $ Adjustments: (Specify) � E S E S Fund Equity - End of Year E_4055 $ 10. � S7ATEMENT OF CASH FLOWS FOR THE FISCAL YEAR ENDED INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ��A Cash Flows From Operating Activities: EDP Code Amount Cash Received from Providing Services E_71115 $ Cash Payments Contractual Expenses E_71125 Cash Payments Personal Services & Benefits E_7113S Other Operating Revenues E_71145 Net Cash Provided/(Used) by Operating Activities E_7119S $ Cash Flows from Non-Capital and Financing Activities: Real Property Taxes � E_71215 $ Operating Grants Received E_71225 _ Transfers To/From Other E�nds E_71235 - Proceeds of Debt (Non-Capital) E_71245 Payment of Debt (Non-Capital) E_71255 Interest Expenses (Non-Capital) E_71265 - Net Cash Provided/(Used) by Non-Capital Financing Activities E_71295 $ Cash Flows from Capital and Related Financing Activities Proceeds of Debt (Capital) E_71315 $ Principal Payments Debt (Capital) E_71325 Interest Expense (Capital) E_71335 Capital Contributed by Developers E_7134S Capital Contributed by Other Funds E_71355 Payments to Contractors E_71365 Capital Grants Received from Other Governments E_71375 Proceeds from Sale of Assets E_71385 � Net Cash Provided/(Used) by Capital and Related Financing Activities E_71395 $ il. STATEMENT OF CASH FLOWS FOR THE FISCAL YEAR ENDED tNCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (Concluded) 1I�A • � Cash Flows from Investing Activities EDP CODE Amount Purchase of Investments E_7151S $ Sale of Investments E_7152S Interest Income E_71535 Net Cash Provided/(Used) by Investing Activities E_71595 $ Net Increase (Decrease) in Cash and Cash Equivalents E_7161S $ Cash and Cash Equivalents at Seginning of Year E_71715 Cash and Cash Equivalents at End of Year E_7179S RECONCILIATION OF OPERATING INCOME TO NET CASH Operating Income (Loss) E_71815 $ Adjustments to Reconcile Operating Income to Net Cash Provided/(Used) from Operations: Depreciation E_71825 $ Increase/Decrease in Assets Other than Cash & Cash Equivalents E_7183S Increase/Decrease in Liabilities Other than Cash & Cash Equivalents E_7184S Other Reconciling Items: E_71855 E_71855 E_71855 E_71855 Total Adjustments E_71885 $ Net Cash Provided/(Used) by Operating Activities E_7189S $ 12. � � , ' AGENCY FUNDS * BALANCE SHEET * AS OF , �/A ASSETS EDPCODE AGENCY FUND LIABILITIES EDPCODE Cash TA100S S Due to Other funds TA225S $ Investments TA105S Other Agency Funds (Specify) TA235S TOTAL ASSETS S TOTAL AGENCY LIABILITIES $ 13. EXPENDABLE TRUST FUND * BALANCE SHEET * AS OF , 1'i/t� ASSETS EDPCODE EXPENDABLE TRUST EDPCODE Cash TE100S $ Library Trust TE317S S other Expendable Trust (Specify) Investments TE105S $ TE317S TOTAL ASSETS $ TOTAL EXPENDABLE TRUST $ � 14. � � ' EXPENDABLE TRUST FUNDS � STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND E�UITY r1�A REVENUES AND OTHER SOURCES EDPCODE Revenues Departmental Income TE515S $ Use of Money and Property TE527S ,_ Miscellaneous Local Sources TE535S Total Revenues g Interfund Transfers ---- �-- ------ ------ --TE555S------ - -- — TOTAL REVENUES AND OTHER SOURCES - $ EXPENDITURES AND OTHER USES Expenditures General Governmental Support TE600.45 S �Education TE605.4S Public Safety 7E610.4S - Health TE615.4S Transportation TE620.4S Economic Assistance and Opportunity TE625.4S Culture and Recreation TE630.4S - Home and Comnunity Service TE635.4S . Employee Benefits TE640.8S - Debt Service TE645.65 Total Expenditures g Interfund Transfers TE655.9S TOTAL EXPENDITURES AND OTHER USES g FUND EQUITY BEGINNING OF YEAR TE400S $ EXCESS (DEFICIENCY) EXCESS OF REVENUE AND OTHER SOURCES OVER EXPENDITURES AND OTHER USES $ - FUND EDUITY END OF YEAR TE405S $ 15. MUN'CArGnUMDLC IRUJI fUnUJ � DMLMnLC JnCCI AS OF , N�� ASSETS EDPCODE NON-EXPENDABLE TRUST EDPCODE Cash TN100S $ Library Trust TN317S $ Other Non-Expendable Trust (Specify) TN317S Investments TN105S $ TOTAL ASSETS $ TOTAL NON-EXPENDABLE TRUST $ 16. NON-EXPENDABLE TRUST FUNDS STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND EQUITY rl�A EDPCODE Revenues Others (Specify) TN535S $ Total Revenues $ Fund Equity Beginning of Year TN40os $ Fund Equity End of Year TN405S $ - 17. GENERAL FIXED ASSETS ACCOUNTS * BALANCE SHEET * AS OF n e c e mb e r 3�_ , 19 9 4 . . - EDPCODE EDPCODE 306 17�+ znvestment in General Fixed Assets K3o55 $ 306 , 17�+ Assets (Net) K150S $ � 18. � ` � • GENERAL LONG-TERM OBLIGATIONS * BALANCE SHEET •* AS OF , N/A ASSETS EDPCODE LIABILITIES EDPCODE Amount Available in Debt Service Fund W155S $ eond and Cong Term Liabilities W240S $ Amounts to be provided for Long-Term W160S Obligations _ TOTAL AMOUNT AVAILABLE AND TO BE PROVIDED S TOTAL LIABILITIES $ (Note: This account group should not include Long-term Debt of Proprietary Funds) 19. NOTES TO FINANCIAL STATEMENTS Summary of Significant Accounting Policies •� � NOTE 1 � sasis of Accounting The Fishers Island Garba�e and Refuse nistrict prepares its financial statements on the modified accriial basis of accountin ' History and Purpose• The Fishers Island Garb��e and Refuse District operates through the Town of Southold as an organization exempt from income tax. The Fishers Island G arbage and Refuse District ' s function is to provide residents of Fishers Island with the collection and disposal of all gar_bage and refuse . zo. � ` � � • STATEMENT OF INDEBTEDNESS - - , N/� , Month Current Outstanding Do Not Include Renewals Nere Outstanding Final_ List Separately by Date of Issue EDPCODE and Interest Beginning of Issued During Paid During End of Maturity ' Year* Rate Fiscal Year �Fiscal Year Fiscal Year Fiscal Year Date T P 1 3 5 7 - EDP CODE - - STATE COMP USE Bond Anticipation-Notes: � , ' � � , , � - � . / � � � ' , - _ . Total eond Anticipation Notes 2P1866 - - - . ,tw - **Bans Redeemed From Bond Proceeds 2P1888 __ Bonds �(List by purpose) , . . ' _ - ._ / . ._ � -- - _ - � - - _ - • . / - . � / - _ Total Bonds 2P1867 / _ - Authority Loans � 2P1869 _ - _ , � � _� _ TOTAL OF ALL INDEBTEDNESS Please note callable features of bond issues and any reserve funds available to pay debt (include also in the Notes to Financial Statements). - *ON �NEN ISSUES, PLEASE INSERT NEW ISSUE DATE. ON RENEWAL, PLEASE INSERT LATEST RENEWAL DATE. PLEASE INSERT 4 DIGITS, IE. JANUARY 1994 WOULD BE 01/94. ' 22. - STATEMENT Of 1NDEBTEDNESS N/A , , Month Current outstanding Do Not lnclude Renewals Here Outstanding Final List Separately by Date of Issue EDPCODE and Interest Beginning of Issued During Paid During End of Maturity � Year* Rate Fiscal Year Fiscal Year Fiscal Year Fiscal Year Date - T P 1 - 3 5 7 Tax Anticipation Notes: . / / Total Tax Anticipation Notes 2P1861 Revenue Anticipation Notes: • / _ / / Total Revenue Anticipation Notes 2P1862 � Budget Notes: / . / Total Budget Notes 2P1863 , Urban Renewal Notes / / Total Urban Renewal Notes 2P1864 EDP CODE STATE COMP USE Capital Notes: 2P1865 / _ 2P1865 / Other Debt: (Specify) / *ON NEW ISSUES, PLEASE INSERT NEW ISSUE DATE. ON RENEWAL, PLEASE INSERT LATEST RENEWAL DA7E. PLEASE INSERT 4 DIGITS, IE. JANUARY 1994 WOULD BE 01/94. 21. � � ' MATURITY SCHEDULE . , � BONDS ISSUED DURING THE YEAR N�A - _ EDPCODE - PURPOSE OF ISSUE � � • For State Comptroller Use Only 2P3CE " � ' � TOTAL PRINCIPAL 2P3PR DATE OF ISSUE* 2P3DT / / / / / /• / / / / _ INTEREST RATE (In Decimals) 2P3PC � , � - MONTH, DAY end YEAR . _ OF FINAL MATURITY 2P3DM / / / / / / / / / / � " _ - Amount of Principal Redeemed 2P394 - ' - in or to be Redeemed in � �- fiscal Year.�Ending in - - - � � - 2P395 (PLEASE INSERT YEARS 2P396 � , _ LAST TWO DIGITS ONLY) - ` 2P397 � - 2P398 � . , 2P399 � 2P300 ' � - ' 2P301 � � Continue on Reverse Side ' - 2P302 , - 2P303 , � 2P304 - � _ .� *PLEASE INSERT SIX DIGITS, FOR EXAMPLE, JANUARY 1, 1994, SHOULD BE SHOWN AS 01/01/94. NOTE: If two or more purposes are combined in a consolidated issue, shoW the maturity schedule for each purpose. . 23. - - MATURITY SCMEDULE BONDS ISSUED DURING THE YEAR i1�/� J EDP CODE Amount of Principal Redeemed 2P305 _ in or to be Redeemed in Fiscal Year Ending in 2P306 2P307 _ � PLEASE INSERT YEARS LAST TWO DIGITS ONLY 2P308 2P309 2P310 2P311 � 2P312 • 2P313 � 2P314 2P315 - _- - ' 2P316 2P317 2P318 2P319 - � � 2P320 - _ 24. � , � � MATURITY SCHEDULE ` BONDS ISSUED DURING THE YEAR N/A EDP CODE Amount of Principal Redeemed 2P321 in or to be Redeemed in Fiscal Year'Ending in 2P322 PLEASE INSERT YEARS LAST TWO DIGITS ONLY 2P323 2P324 2P325 2P326 _ 2P327 2P328 , 2P329 2P330 2P331 ' 2P332 - 2P333 _ 2P334 2P335 - 2P336 Total 25. BANK RECONCILIATION CASH BY FUNDS, PER BALANCE SHEETS Include Petty Cash • ' � TOTAL CASH operating Fund $ 194, 588 Enterprise Fund Capital Fund Trust and Agency Funds Debt Service Funds TOTAL ALL FUNDS $ 19 4 , 5 8 8 * BANK BALANCES Identify eank ealances with Funds by Listing the Applicable Code Letters Fund Less Adjusted Name and Location of Bank Code Bank Balance Outstanding Checks Add Cash On Hand Bank Balance Shawmut Bank - Checking 24 , 303 1 , 815 345 $ 22 , 834 Shawmut Ban'c - TIP 171 , 754 -- -- 171 , 75/ One Trap Falls Road Shelton , CT 06484 Add: Petty Cash Funds Adjustments , (Specify) TOTAL ADJUSTED BANK BALANCE AND PETTY CASH $ 1 9 4, 5 g 8 * *These amounts must agree. NOTE: Bank certification forms are not required to be filed with this report. However, the Office of the State Comptroller may confirm bank balances directly with the bank. 26. � . :. . ,� CERTIFICATE OF FISCAL OFFICER I, Mildred D1XOri , certify that I am the fiscal officer of tne Fishers �SZaTICj Garbage and Please Print Refuse DlStrlCt 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 condition for the fiscal year ended December 3119 94 � J - � - Signature Title � �v �l-z�� Official Address Date ' - Office Telephone No.V��"�� 3� _ � � dd�'ld PLEASE MAIL REPORT T0: IF YOU HAVE QUESTIONS RELATING TO THIS REPORT, PLEASE CALL ALBANY: (518) 474-4014 State of New York , Office of the State Comptroller Bureau of Municipal Research & Statistics Alfred E. Smith State Office Building Albany, New York 12236 . 27.