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Home My WebLink About2016 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