HomeMy WebLinkAbout2016 Component Unit Annual Financial Report '
P1 JAN 1 3 2017 121
For SOUTHOLD PARK DISTRICT
- M`ffll OF SOUTHOLD
For the fiscal year ended DECEMBER 31, 2016 ACCOUNTING&FINANCE DEPT.
Operating Fund
Balance Sheet
Assets
Cash $214,508
Cash in Time
Investments
Taxes Receivable
Other Receivables
State and Federal Aid Receivables
Due From Other Governments
Prepaid Expenses
Total Assets $214,508
Liabilities & Fund Equity
Accounts Payable
Notes Payable
Due to Other Governments
Deferred Revenues
Total Liabilities
Fund Balance -Appropriated ensuing year $
Fund Balance -- Unreserved $214,508
Total Fund Equity $214,508
Total Liabilities & Fund Eauitu $214,508
Page 1
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2016
Operating Fund
Analysis of Changes in Fund Equity
Fund Equity- Beginning of Fiscal Year $135,632
Add: Revenues and Other Sources $376,372
Deduct: Expenditures and Other Uses -$297,496
Revenues and Other Sources Over(Under)
Expenditures and Other Uses $78,876
Fund Eauity- End of Fiscal Year* $214,508
*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, 2016
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 $48,646
Sale of Property and Compensation for Loss
Miscellaneous Local Sources
State Aide
Federal Aide
Total Revenues $327,726 $376,372
Interfund Transfers
Proceeds of Obligations
Total Revenues and Other Sources $327,726 $376,372
USE OF MONEY AND PROPERTY:
RENTAL INCOME $43,840
INTEREST INCOME $13
ADMISSION FEES $4,893
TOTAL $48,746
Page 3
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the Fiscal Year Ended December 31, 2016
Operating Fund
Detail of Expenditures and Other Uses
Expenditures Budget Actual
Personal Services $140,000 $118,985
Equipment and Capital Outlay
Contractual Expenses
Employee Benefits $45,127
Debt Principal
Debt Interest
INSURANCE $48,000 $28,564
UTILITIES $40,000 $29,094
MAINTENANCE $52,426 $46,306
OTHER: SEE BELOW $47,300 $29,420
Total Expenditures $327,726 $297,496
Interfund Transfers
Total Expenditures and Other Uses $327,726 $297,496
OTHER: �.
SITE IMPROVEMENTS(air conditioning) $24,050 $4,995
TRUCK EXPENSES $10,000 $8,892
MISCELLANEOUS $10,000 $6,847
LEGAL AND PROFESSIONAL $3,000 $8,490
NOTICES 250 196
TOTALS $47,300 $29,420
Page 4
Salaries (personal services) 117,260
Payroll service 1,725
Total Personal service 118,985
EMPLOYEE BENEFITS:
Fica Expense 8,970
Health insurance 11,453
Disability insurance 1,018
Workers Comp 6,644
Retirement system 17,042
Total Employee Benefits 45,127
Page 4A
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2016
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 Eauity $
Total Liabilities & Fund Eauity $
Page 5
Component Unit Annual Financial Report
For SOUTHOLD PARK DISTRICT
For the fiscal year ended DECEMBER 31, 2016
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, 2016
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, 2016
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, 2016
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, 2016
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 $201,214 2637 $198,577
Bridgehampton National Bank $15,931 0 $15,931
Add: Petty Cash Funds
Total Adjusted Bank Balance.and Petty Cash $214,508
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, 2016
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 33
Account Total #of Full Time #of Part Time
Code Description Expenditures Employees Employees #of Retirees
90108 State Retirement System $17,042 1 1
90258 Local Pension $0
90308 Social Security $8,970 3 33 0
Workers Compensation
90408 Insurance $6,644 3 33 0
90458 Life Insurance $0
90508 Unemployment Insurance $0
90558 Disability Insurance $1,018 3 33
Hospital and Medical
90608 (Dental) Insurance $11,453 1 0
90708 Union Welfare Benefits $0
90898 1 Other Employee Benefits 1 $0
Page 11
Certification of Fiscal Officer
I. PENNY VACCARIELLO , 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
fi cal condition for the fiscal year ended DECEMBER 31, 2016.
�faw'-120 TREASURER
Signature Title
Official Address Date
PO BOX 959
SOUTHOLD, NEW YORK 11971 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