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All Numbers in This ReportHave Been Rounded ToThe Nearest Dollar
ANNUAL FINANCIAL REPORT
UPDATE DOCUMENT
For The
VILLAGE of Sag Harbor
County of Suffolk
For the Fiscal Year Ended 05/31/2019
*************************************************************************************************************************************
AUTHORIZATION
ARTICLE 3, SECTION 30 of the GENERAL MUNICPAL LAW:
1. "'Every Municipal Corporation '" shall annually make a report of itsfinancial condition to the Comptroller. Such report shall be made by theChief Fiscal Officer of such Municipal Corporation '"
5. All reports shall be certified by the officer making the same and shallbe filed with the Comptroller '" It shall be the duty of the incumbentofficer at the time such reports are required to be fiied with theComptroller to file such report '"
State of NEW YORKOffice ofThe State Comptroller
Division of Local Government and School AccountabilityAlbany, New York 12236
Page 1
VILLAGE OF Sag Harbor
••• FINANCIAL SECTION •••
Financial Information for the following funds and account groups are included in the Annual Financial Report filed byyour government for the fiscal year ended 2018 and has been used by the OSC as the basis for preparing thisupdate document for the fiscal year ended 2019:
(A) GENERAL(CM) MISCELLANEOUS SPECIALREV(CP) PARKING AUTHORITY(G) SEWER(H) CAPITAL PROJECTS(K) GENERALFIXEDASSETS(TA) AGENCY(V) DEBT SERVICE(W) GENERALLONG-TERM DEBT
All amounts included in this update document for 2018 represent data filed by your government withOSC as reviewed and adjusted where necessary.
••• SUPPLEMENTAL SECTION •••
The Suppiemental Section includes the following sections:
1) Statement of Indebtedness
2) Schedule ofTime Deposits and Investments3) Bank Reconciliation
4) Local Government Questionnaire5) Schedule of Employee and Retiree Benefits6) Schedule of Energy Costs and Consumption
Ali numbers in this report will be rounded to the nearest dollar.
Page 2
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
(A) GENERAL
Balance Sheet
2,258,247
627
2;258,874
237,182
237,182 j
9,099
1,354,921
A380
A200
A210
A320
91,218 A440
2,864
311,352
661,758 A391
2,525,050
927
Government
Accounts Re'",i,'able
AssetsCash
Pally Cash
'TOTALCa~hTax Sale Certificates
TOTAL Due FrOm,Olher Governments,'" ..:.",,"',;.;-,. """' , , ..•... '••..< .. ",,', .:.,' ."",;, •.:",., .' ,. i, " .. '."
Prepaid Expenses 101,193 A480
Reserves
Page 3 OSC Municipality Code 470478704350
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
(A) GENERAL
BalanceSheet
2,296
2,296
o23,301
102,299
125,60~
, 509181',I", ..
A630
A631A637
;~~-';,,~J:~~s:,,:"'_":1(ar,H~%1i:if~t1l;jiJ:j;~,?~:i:f::iiHr:fl:;j1:\"!!}~~:: :!:IBi~illlilt;lm~;:~:~:~'1m~t~i\,-,1~ii~~!d:j)'1I~~jjii1+~:f;ii::u:j,~I;t:~!~i~:tlJ!if!;~:~ili~;m!!Ji~ii~;~:~":tWiti'!~:im* n:li!::!:;!!:~i!;)jj;~~,~;j;~~,~~:!j~i;,:1\;i1jii;II+!');§~p~~t~~:ji;1!I::IIJ'i'f~:i!ii~SJm~~ii?Q:~!'«~~l1:i!i~;!n;;;,~:::IAccounts Payable 387,870 A600 329,730
TOTAL,Accounts Payable 387,870 329,730Accrued Liabilities 153,065 A601 51,555
TOTAL Accrued Liabilities 153,065 51,665Compensated 'Absences A687Overpayments & ClearingAccount 2,248 A690
TOTAL Other,Liabilities 2,~48Due To Other Funds 232,504
,TOTAL Due To Qthe, Funds 232,~04'Due 'To Other Governments 22,365DueTo Employees'RetirementSystem 108,187
TPTAL,Du.,~O,O!~er,Pi>,v~rnr~"j~ts; " t30,li52 ,~OTI\LLlabllltles9~~,239
335,731
335,731', 335,731'
, '0
724,729298,207
1,002,29255,589
2,080,817150,766240,875
3~1,6412,857,107
,2,857,107"5: 329 665'',!",;,:;,":'-',i
11,1!4:477
A867A878A882A899
A806
A914A915
A691
A917
315,329
315329.,:,,,,',','':::"315,329
101,193
'1~1.193790,793272,393899,617
55,414
~;018,217175,766293,8294~9,595
1,902,006l,~02,006
": 4;"~1:::01'.~;
, 5,712,579
Deferred Inflows of ResourcesDeferred Inflowof Resources
TOTAL Deterred'lnflowS 01R~.ourceS ,
~OTAi.De"'~;"d 1~,II~wscif Re~o~rq~ ,
Fund BalanceNot in SpendableForm
,TQTAL'l'I~nspendable Fund Balan,c~Reservefor Emp Benefits & Acc LiabilitiesCapital ReserveReserveFor RepairsOther Restricted Fund Balance
TOTAL R""trlct~d Fund BalanceAssigned Appropriated Fund BalanceAssigned Unappropriated Fund Balance
,qTI\L ASsig~~d,F~nd'B~lance, 'Unassigned Fund Balance
TOTAL Un,lls!gnedFund:Bal~nCe" " .' "
~~~:~:~:~;~::~6:,.r~~ Infl~WsAndFund Biiance
Page 4 OSC Municipality Code 470478704350
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
(A) GENERAL
Results of Operation
6,492,587 A1001 7,110,368
Al030
84,805 A1090 60,261
89,891 A1130 99,137
154,372 A1189 154,372
253,509
2,800 A1235 300
561 A1255 1,510
8,080 A1520 12,270
379,823 A1560 417,069
460 A1603 300
936,521 A2025 981,762
12 A2110
740,672 A2262 849,747
499,556 A2280 485,474
11,000 A2378 11,000
6,561 A2401 11,821
15,974 A2410 20,175
72,925 A2450 72,937
5,875 A2501 15,250
48,315 A2590 76,850
341,609 A2610 378,961
1,096 A2620 11,193
390,154'
72 A2655
2,751 A2665 5,931
260 A2680 8,516
30,327 A2701 22,462
6,165 A2706 6,825
130 A2770
15,619 A3001 13,532
195,614 A3005 192,272
8,500 A3089
A3389 442
135,638 A3501 168,080
A3889 4,250
378,576
OSC Municipality Code 470478704350Page 5
FireProtection Services OtherGovts
Health Services ForOther Govts Or Dist
Water Services, Other Govts
Interest And Earnings
Rental ot Real Property
Commissions
Utilities Gross Receipts Tax
Other Non-Prop Tax
Charges ForTax Redemption
Clerk Fees
Police Fees
Safety Inspection Fees
Vital Statistics Fees
Special Recreational Facility Charges
Zoning Fees
Interest & Penalties On Real Prop Taxes
Business & Occupational License
Permits, Other
Sales, Other
Sales ofEquipment
Insurance Recoveries
Revenues
Real Property Taxes
Special Assessments
Refunds of Prior Year's Expenditures
Grants From Local Governments
Unclassified (specify)
TOTAL Miscellaneous Local Sources
St Aid, Revenue Sharing
St Aid, Mortgage Tax
St Aid - Other (specify)
StAid, Other Public Safety
St Aid, Consolidated Highway Aid
St Aid-Other Cui & Rec St Aid
TOTAL Slate Aid
Fines And Forfeited Bail
Forfeitures ofDeposits
(A) GENERAL
Results ofOperation
Revenues
Federal AidMOther
FedAid, Community Development Act
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
6,111
37,960
M089
A4910
2,200
17,678
19,878
11,212,945
Interfund Transfers 61,000 A5031
Page 6 OSC Municipality Code 470478704350
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
(A) GENERAL
43,413
1,534
,44;947
130,444
81,638
212;082
24,000
24,000,
26,467
26,467!
34,687
36,863
71,550
64,544
64544I, ,;
519
, 61,9
352,105
14,000
100,817
468,922
356,748
356)48
70,300
!0;300
1,781
, 1,781
72,940
12,908
320,605
40Q,463,
111,403
25,434
136,837'
177,100
177,100
2,737
2,737'
26,780
26,780,
12,522
12,522
,2,102,289
1,924,452
A11101
A11102
A11104
A10101
A10104
A13251
A13254
A14101
A14102
A14104
A16201
A16202
A16204
43,200
1,252
, 44,452
127,998
1,278
84,123
21a,3,99
20,400 A12101
20,400
24,126 A13204
, 24;125
42,610
6,105
4,8,!15
14,360 A13554
141350,
631 A13624
•,631297,176
14,610
69,446
381;232
278,113 A14204
278.113
96,102 A14404
98,102 :
2,215 A14504
2;215
162,120
1,891
224,504
38S:i15 '
72,545 A16401
57,777 A16404
130;322 '
170,996 A19104
170,998
2,607 A19204
2,807
17,346 A19304
1!,348
12,205 A19804
12,205
1,845,735
1,770,999 A31201
, .;,
Results of Operation
,'~ll~', ~~~Expenditures
Legislative Board, Pars Serv
Legislative Board, ContrExpend
TQT~ u.glslatlve BoardMunicipal Court, Pars Serv
Municipal Court, Equip& Cap Outlay
Municipal Court, ContrExpend
TOTAL M~nlclpal Court '
Mayor, ParsServ
,[OTAl Mayo'Auditor, ContrExpend
TOTAL AUdlteir ' ,,~ " .'::, ,. -;, ,,-, ,'-' '
Treasurer, ParsServ
Treasurer, ContrExpend
TOT~L T",~siJrer
Assessment, ContrExpend
lrqTAl ASs~smehtTax Advertising, ContrExpend
tOT!\L -.:~x i\!lvertj~liig " ,
Clerk,pers Serv
Clerk,equip & Cap Outlay
Clerk,contr Expend
TOTAlCle'kLaw, ContrExpend
TOTAlLIIWEngineer, ContrExpend
TOTI\LE'19,lneerElections, ContrExpend
TOTALElectiohs 'C-".',."'- ",1.", "0'-:;,.',,',,
Buildings, ParsServ
Buildings, Equip& Cap Outlay
BUildings, Contr Expend
tOTAL Buildings',
CentralGarage, Pers Serv
Central Garage, ContrExpend
TOTAL cerltiai Garage": .,"l" ,.,' "",,'"',":.," .. «'
Unallocated Insurance, ContrExpend
TOTALUnaliocated,ln~urani:e
Municipal Assn Dues, ContrExpend
TOTAL Municipal Aisn Dues''', .. ' ':,','... '".' ,""" . ".,,'JUdgements And Claims,ContrExpend
TOTALJudgements And Claims" " ",: ;,".' ,. : ' ,'.' .,",.'.' ':"
Paymentof Mta Payroll Tax,contr Expend
TOTAL Ii'~yment of'Mta Payro,1I tax ,
TOTAL Gelleral'Go~er~ment'Support
Police, PersServ
Page 7 OSC Municipality Code 470478704350
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
(A) GENERAL
Results of Operation
78,650 A31202 63,338
155,036 A31204 178,207
2,004,685 '2,165,997
3,540 A31504 5,787
3,540 5,787:57,648 A34102 47,706
256,145 A34104 259,912
313,793 307;618
236,492 A36201 180,009
3,745 A36202 1,475
30,017 A36204 31,053
270,254 212,5~7:
A39891 64,505
A39892 1,598
35,995 A39894 35,734
36,995 ,101.837
~,628,287 2,79~,176
108,462 A45401 107,917
46,634 A45402 9,328
274,446 A45404 260,829
42~,542 '378;0741"" --;",.:.,
429,642 . 378074'".',''',::,:,; :,'j, " .":;,',, ,-.:,1
416,499 A51101 466,797
89,935 A51102 18,256
139,954 A51104 136,796
646;388 : 621 849.,', t, .
160,538 A51122 143,180
.180;538 143;180
73,855 A51824 83,455
. ,7~'6j;5 83455<','",,:;
880'781 ' 848,484'",., !",.
3,500 A64104 3,500
3;500 3,500,
·3,500 3,5QO
10,049 A71101 26,245
47,650 A71104 40,207
, 57;689 66,452
93,407 A71401 98,707
19,421 A71402 19,101
177,139 A71404 211,946
289;967 329,754',
10,500 A73104 500
,10,500 500
8,645 A75104 17,868
8,646 17,868
Expenditures
Police, Equip & Cap Outlay
Police, ContrExpend
TOTAL'Police
Jail, ContrExpend
roTAL~alli
Fire, Equip & Cap Outlay
Fire, ContrExpend
TOTAL Fire r, .".". .'
SafetyInspection, Pars Serv
Safely Inspeclion, Equip & Cap Outlay
Safety Inspection, ContrExpend
TOTA{Saf8i}' I,ns"eell,!n
MisePublic Safety, PersServ
Mise Public Safely, Equip & Cap Outlay
MisePublic Safety, Contr Expend
TqTAL Mise PU,blle $~!etY
TOTAL PUblic Safaly, ,,' " , I
Publicity, ContrExpend
TO:r/lL Publlelly
T01"1L E_~ojjqr'nie Al!si~nee And OpportunitY
Parks, PersServ
Parks, ContrExpend
TOTAL Parks
Playgr& Rec Centers, PersServ
Playgr & Rec Centers, Equip & Cap Outlay
Piaygr & Rec Centers, Contr Expend
TOTAL PI~ygr & Ree Cenlers
Youth Prog, ContrExpend
TOTAL Youl~ Prog
Historian, ContrExpend
TOTAL,Hi~lorl~n
Ambulance, Pers Serv
Ambulance, Equip & Cap Outlay
Ambulance, Contr Expend
;rOTA!; Am,llulanea '" ' " " ," ,; ",.,. _';"";""'""',1,';;'-"',:;,,, ... :',;.'
il"OTALHealih' , - .. "',',' "':,: ,,. ,-:,';:",:,,':"I':,':':;"",,:,;,-f",'; "
Maintof Streets, ParsServ
Maint of Streets, Equip & Cap Outlay
Maintof Streets, ContrExpend
TOTAL !iI~lntc?1'SI~aelSPerm Improve Highway, Equip & Cap Outlay
;rOTAL Perrrll.mphlve Hi~hway ,
Street Lighting, Contr Expend
TflTAL Slre~t Lighlln~
:rOTAL Transportation,,,'-" , , "'-',, -,',"",,'
Page 8 OSC Municipality Code 470478704350
(A) GENERAL
Results ofOperation
;~":~!!
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Expenditures
Celebrations, Contr Expend
tOTAL Cel,ebr~tion.
rOT!'L Culture And Recteati,on
Zoning, Contr Expend
tOTAL Zoning
Planning, Contr Expend
T!>JAL Planning' '
Drainage, ContrExpend
TOTALD~inage, '
ShadeTree, Contr Expend/:"::,,,,- "" -"\,i',H,,'. ,,>,o"T !:",
rPTI\~,Shade,Tr<!e "MiseHome & Comm Serv, Contr Expend
]q~*~,:'.(~~:!,Hom;~','~':q~~m:!~~,~:; "I~":TOTALliomeArid:Coinin'unity Services ,,'
.. ',:: "" ',',' ' ".; ,,' ".- ',' ,".,,' "'" -' , " J
State Retirement System
Police & Firemen Retirement, Empl Bntts
local Pension Fund, Empl Bntts
Social Security, Employer Cont
Worker's Compensation, Empl Bntts
Disability Insurance, Empl Bntts
Hospital & Medical (dental) Ins, Empl Bnft
TOTAL Employee Benefitsi :',.' ,'-', '.,' .," ,"','"
DebtPrincipal, Serial Bonds
Install PurDebt, Principal
:rotA~Da~i.prlncipai
Debt Interest, Serial Bonds
Install PurDebt, Interest
8,388
8,388
375,j99
15,490
15,490
37,064
37,064 '
109,497
199,497
22,921
22;921
12
12"'" ',':.",',184,984
197,862
447,117
377,184
251,930
151,370
4,284
1,205,356
2,635,103
207,680
135,950
343.630,
25,865
4,733
A75504
A80104
A80204
A85404
A85604
A89894
A90108
A90158
A90258
A90308
A90408
A90558
A90608
A97106
A97856
A97107
A97857
6,500
6,600
421,074,
17,635
17,635
73,301
73,301
37,193
37,193.
24,980
24,990
411
,411 !
.163.520
200,619
550,147
477,046
265,572
153,284
4,798
1,472,558
3,124,024
198,240
116,593
314,833
21,806
24,089
tOTAL CebW;terestI' ',' " ,-, , "
iT0TAL Expenditures"'" """, ,',,:,'
Transfers, Capital Projects Fund
TOTAL,Operating Trans'ters
:rOTAL Other Uses
TOTAL Cellill Expenditure. And Other Uses" ., ' , "," ' , "":
30,598
,9,357,340
1,019,792 A99509
1,019,792
l' 019 792 ',', ",',
10,377;132
45,895
, 10,185,469
97,000
97,000
97,000
10,282,469
Page 9 OSC Municipality Code 470478704350
(A) GENERAL
Analysis of Changes in Fund Balance
~Analysis of Changes in Fund Balance
Fund Balance ~ Beginning of Year
Prior Period Adj-Decrease In Fund BalanceRestated Fund Balance - Beg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Balance - End of Year
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
4,484,501 A8021 4,491,011
A8015 91,922
4,484,501 A8022 4,399,089
10,383,642 11,212,945
10,377,132 10,282,469
4,491,011 A8029 5,329,565
Page 10 OSC Municipality Code 470478704350
(Aj GENERAL
Budget Summary
Estimated Revenues
EstRev - Real Property Taxes
Est Rev - Real Property TaxItems
Est Rev- Non Property TaxItems
EstRev- Departmental Income
Est Rev - Intergovernmental Charges
Est Rev - Use of Money And Property
Est Rev - Licenses And Permits
EstRev - Fines And Forfeitures
Est Rev - Sale of Prop And Camp For Loss
Est Rev - Miscellaneous Local Sources
Est Rev - Interfund Revenues
Est Rev - State Aid
Est Rev- Federal Aid
Appropriated Fund Balance
TOTAL Estlrna~ci ql~er So~rces, "TOTAL ESllm~led Revenues An~OtherSOIJrCI.S
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
6,991,987 A1049N 7,513,810
55,500 A1099N 60,000
234,000 A1199N 80,000
1,216,000 A1299N 1,218,200
1,345,842 A2399N 1,441,077
90,050 A2499N 88,071
22,500 A2599N 28,000
371,000 A2649N 383,000
10,000 A2699N 3,500
6,000 A2799N 5,000
51,000 A2801N 51,000
319,869 A3099N 298,532
14,500 A4099N 154,000
175,766 A599N 150,766
Page 11 OSC Municipality Code 470478704350
(A) GENERAL
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Budget Summary
~Appropriations
App - General Government Support
App - Public Safety
App - Health
App - Transportation
App - EconomicAssistanceAnd Opportunity
App - Culture And Recreation
App- Home And Community Services
App - Employee Benefits
App - Debt Service
App - Interfund Transfer
2,264,546
3,004,089
495,260
815,082
3,500
344,900
151,300
3,222,347
477,990
125,000
A1999N
A3999N
A4999N
A5999N
A6999N
A7999N
A8999N
A9199N
A9899N
A9999N
2,571,649
3,073,064
497,740
885,082
3,500
385,400
188,800
3,352,960
391,761
125,000
Page 12 OSC Municipality Code 470478704350
(CM) MISCELLANEOUS SPECIAL REV
Balance Sheet
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
AssetsCash Special Reserves 260,595 CM230 261,741
Page 13 OSC Municipality Code 470478704350
(CM) MISCELLANEOUS SPECIAL REV
Balance Sheet
:"iHl!!!:.. :'~ .Fund BalanceOtherRestricted Fund Balance
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
260,595 CM899 261,741
Page 14 OSC Municipality Code 470478704350
(CM) MISCELLANEOUS SPECIAL REV
Results ofOperation
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Revenues
Interest And Earnings
roflll Delall'Revenues And Other Sources
1,146
1,146
365 CM2401
Page 15 OSC Municipality Code 470478704350
Results ofOperation
;:':'"lIiig~tl!l· .
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Page 16
(CM) MISCELLANEOUS SPECIAL REV
Analysis of Changes in Fund Balance
Analysis of Changes in Fund Balance
Fund Balance - Beginning of Year
Restated Fund Balance - Beg of Year
AOO - REVENUES ANO OTHER SOURCES
Fund Balance - End of Year
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
260,230 CM8021260,230 CM8022
365260,595 CM8029
260,695260,595
1,146
261,741
Page 17 OSC Municipality Code 470478704350
(CP) PARKING AUTHORITY
Balance Sheet
AssetsCash Special Reserves
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
352,228 CP230 353,765
Page 18 OSC Municipality Code 470478704350
(CP) PARKING AUTHORITY
Balance Sheet
Fund BalanceOtherRestricted Fund Balance
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
352,228 CP899 353,765
Page 19 OSC Municipality Code 470478704350
(CP) PARKING AUTHORITY
Results of Operation
Revenues
Interest And Earnings
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
493 CP2401 1,537
Page 20 OSC Municipality Code 470478704350
Results of Operation
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Page 21
(CP) PARKING AUTHORITY
Analysis of Changes in Fund Balance
Analysis of Changes in Fund Balance
Fund Balance ~ Beginning of Year
Restated Fund Balance - Beg of Year
ADD - REVENUES AND OTHER SOURCES
Fund Balance ~ End of Year
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
351,735 CP8021
351,735 CP8022
493
352,228 CP8029
352,228
352,228
1,537
353,765
Page 22 OSC Municipality Code 470478704350
(G) SEWER
Balance Sheet
Assets
Cash
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
244,394 G200
14,861 G380
802,611
15,583
Page 23 OSC Municipality Code 470478704350
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
(G) SEWER
Balance Sheet
42,167 G600 41,513
42,167 41,5136,793 G601
Accounts Payable
T01AL Accounts Pay~bleAccrued Liabilities
Fund BalanceReserve forEmp Benefits & Ace Liabilities 15,583 G867 15,583
Assigned Unappropriated Fund Balance35,000
171,339
G914G915 287,951
Page 24 OSC Municipality Code 470478704350
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
(G) SEWER
Results of Operation
3,577
400
19,938
321,066
419,381
347,283 G2120
343,284 G2122
2,283 G2128
G2374
19,938 G2389
558 G2401
Revenues
Sewer Rents
SewerCharges
Interest & Penalties On SewerAeets
Interest And Earnings
SewerServOther Govts
MiseRevenue, OtherGovts
Interfund Transfers G5031 20,000
Page 25 OSC Municipality Code 470478704350
(G) SEWER
Results of Operation
Expenditures
Payment of Mta Payroll Tax, ContrExpend
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
621 G19804 628
Sanitary Sewers, Pers Serv
Sanitary Sewers, Equip & Cap Outlay
Sanitary Sewers, Contr Expend
175,821
28,672
310,323
G81201
G81202
G81204
188,462
13,835
312,243
State Retirement, Empl Bntts
Social Security I Empl Bnfts
Worker's Compensation, Empl Bnfts
Hospital & Medical (dental) Ins, Empl Bnft
26,898
13,450
14,906
47,306
G90108
G90308
G90408
G90608
29,899
14,122
15,460
74,082
DebtPrincipal, Serial Bonds 12,320 G97106 11,760
Debt Interest, Serial Bonds 1,535 G97107 1,294
Transfers, Other Funds 51,000 G99019
Page 26 OSC Municipality Code 470478704350
(G) SEWER
Analysis of Changes in Fund Balance
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Analysis of Changes in Fund Balance
Fund Balance - Beginning of Year
Prior Period Adj -Decrease In Fund BalanceRestated Fund Balance - Beg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Balance - End of Year
Page 27
191,468 G8021 221,922
G8015 5,965
191,488 G8022 215,957
713,306 784,362682,852 661,785
221,922 G8029 338,534
OSC Municipality Code 470478704350
(G) SEWER
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Estimated Revenues
EstRev - Departmental Income
Est Rev R Intergovernmental Charges
Est Rev- Use of MoneyAnd Property
Appropriated Fund Balance
696,744
19,938
500
35,000
G1299N
G2399N
G2499N
G599N
742,923
19,938
500
25,000
Page 28 OSC Municipality Code 470478704350
(G) SEWER
Budget Summary
Appropriations
App- General Government Support
App- HomeAndCommunity Services
App- Employee Benefits
App - Debt Service
App- Interfund Transfer
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
5,700 G1999N 5,700
542,228 G8999N 617,728
140,200 G9199N 143,500
13,054 G9899N 11,433
51,000 G9999N 10,000
Page 29 OSC Municipality Code 470478704350
(H) CAPITALPROJECTS
Balance Sheet
AssetsCash
CashWith Fiscal Agent
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
58,725 H200
H223
H410
227,122 H391
58,978
76,507
Page 30 OSC Municipality Code 470478704350
(H) CAPITAL PROJECTS
Balance Sheet
Accounts Payable
TOTALAccounts Pa~ableDueTo Other Funds
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
iliiIilm!iE[il!Il rm~;!~!ir~t:i~~!~1~9~iQ5fij:illr~wfj~"~:f: 1!*~~~g'6,~Q:a~:~amlll!m~;~fil.~:ii,'M~:~~1i~::j~Jji:i:k1;t~!i::~1633,960 H600 450
633.~60 450H630 556,394
Fund BalanceCapital Reserve H878 1,025,614
Page 31 OSC Municipality Code 470478704350
(H) CAPITAL PROJECTS
Results of Operation
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Revenues
Interest And Earnings
Unclassified (specify)
St Aid-Capital Projects
1,299 H2401
43,480 H2770
H3097
5,756
14,507
14,250
Interfund Transfers 1,019,792 H5031 97,000
Serial Bonds H5710 350,000
Page 32 OSC Municipality Code 470478704350
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
(H) CAPITALPROJECTS
Results of Operation
'0
0',-j
20,000
(P,:o
44728,:' "-
15,000
16,000,16,000
29,728
,29,726'29,!28
o
H99019
H16202
9, '937,766 H34972
931;76~, 937,766
113,315 H45402
, ,1i3;31~, ,
113,315
737,449 H79972OtherCulture And Recreation
TbTAlt.!;Othjkc~'ltl:i~;~'"d~'iiitir.Mih(l"d,:::: r:: ''! '-\-'.",\",' :, .',' ; "",1·" __",',,'",1, \c,'",,,',",," ,_, I,' _",',',_ .,'j:' '
to;rA~; CUIIU~ ArId ReC:iellllon ';rliiTAL Expendilu""s,,".' ,,' ., ': .,'", ',-"
Transfers, OtherFunds
Expenditures
Buildings, Equip & Cap Oullay
TOTALa,uildings
rr:OTALG.~~n.1 ~'1v~r"inentSuPP'1rt ,
FireProtection, Equip & CapOutlay
~OT"'L, FlrllP.olecllo",,'[rb~AL ~u~n~ S~tY 'Ambulance, Equip & Cap Oullay
jrOTAL Amb~lanci~ '.TOTAiA'Ieallh,", • i • "" ,
., " ',u ,:': " '," .
TOr~L Op~r.ling T,,:,"sfers
TOTAl: ~'her !J.~ ,'" ,~9J"'L'De~1 Eicpe"dildres,!lrdOlh,~'Ulles ' ,
, 20,000
,20:000
, ~~,;:~~~:i
Page 33 OSC Municipality Code 470478704350
(H) CAPITAL PROJECTS
Analysis of Changes in Fund Balance
'<I!!\i,"i~ll~TAnalysis of Changes In Fund Balance
Fund Balance> Beginning of Year
Prior Period Adj-Decrease In Fund BalanceRestated Fund Balance - Beg of Year
ADD· REVENUES AND OTHER SOURCES
DEDUCT· EXPENDITURES AND OTHER USES
Fund Balance - End of Year
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
1,347,251 H8021 623,292
H8015 16,936
1,347,251 H6022 606,356
1,064,571 481,513
1,788,530 64,728
623,292 H8029 1,023,141
Page 34 OSC Municipality Code 470478704350
(K) GENERAL FIXED ASSETS
Balance Sheet
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Assets
Land
Buildings
Improvements OtherThan Buildings
Machinery And Equipment
Construction Work In Progress
Infrastructure
OtherCapital Assets
Accum Depree, Buildings
Accum Depr, Imp OtherThan Bid
Accum Depr, Machinery & Equip
Accum Depree, Infrastructure
Accum Depree, OtherCapital Assets
409,354
6,310,768
1,570,263
3,519,939
737,449
8,970,682
5,677,012
-3,064,741
-1,417,729
-2,179,037
-5,753,087
-3,824,500
K101
K102
K103
K104
K105
K106
K107
K112
K113
K114
K116
Kl17
409,354
6,310,768
1,570,263
3,519,939
737,449
8,970,682
5,677,012
-3,064,741
-1,417,729
-2,179,037
-5,753,087
-3,824,500
Page 35 OSC Municipality Code 470478704350
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
(K) GENERAL FIXED ASSETS
Balance Sheet
10,956,373K15910,956,373
'. ~Qjll~~~':'1i!l~ lli~Jllll~OOtW~~l1l!J~~~~~l:lE~IlJt~~Ejj~[!;;~~~l!m~~E;gm~~m&~~m~;;;;]Liabilities, Deferred Inflows And Fund BalanceTotal Non-Current GovtAssets
Page 36 OSC Municipality Code 470478704350
(TA)AGENCY
Balance Sheet
AssetsCash
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
788,217 TA200
3,535,519 TA461
5,381 TA391
501,104
,076
3,099
Page 37 OSC Municipality Code 470478704350
(TA) AGENCY
Balance Sheet
DueTo Other Funds
Guaranty & Bid DepositsTax RedemptionsOther Funds (specify)
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
3,535,519
87,092
44,421327
TA631
TA13
TA30
TA40
TA85
60,82744,290
316
Page 38 OSC Municipality Code 470478704350
Balance Sheet
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Page 39
Balance Sheet
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Page 40
Results of Operation
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Page 41
Results ofOperation
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Page 42
(V) DEBT SERVICE
Analysis of Changes in Fund Balance
., ,il!i)!, J:l1!~~tj~Analysis of Changes in Fund Balance
Fund Balance M Beginning of Year
Restated Fund Balance ~ Beg of Year
Fund Balance M End of Year
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
VB021VB022VB029
Page 43 OSC Municipality Code 470478704350
(W) GENERAL LONG-TERM DEBT
Balance Sheet
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Assets
Total Non-Current GovtLiabilities 15,976,941 W129 16,496,879
Page 44 OSC Municipality Code 470478704350
(W) GENERAL LONG-TERM DEBT
Balance Sheet
NetPension Liability ·Proportionate ShareTotal OPEB Liability
Installment Purchase DebtCompensated Absences
VILLAGE OF Sag HarborAnnual Update Document
For the Fiscal Year Ending 2019
Page 45
658,480 W638 1,173,41712,477,498 W683 12,477,498
774,587 W685 657,994806,376 W687 787,970
15.q~5.8791,400,000
OSC Municipaiity Code 470478704350
Office of the Stale Comptroller VILLAGE OF Sag HarborStatement oflndebtedness
For the Fiscal Year Ending 2019
10/112019
County of: Suffolk
Municipal Code: 470478704350
First Debt Cops Camp Dale of Date of In'. Aml.Orig. 0/5 Beg. Paid Redeemed Prior Yr. Accreted OIS EndYear Code Description Flag Flag Issue Maturity Rate Var? Issued of Year Our. Year BondProc. Adjust. Interest ofYear
2016 IPC E MULTIPLE FIRE TRUCKS 04/27/2016 06/27/2026 3.11% $910.537 $774.587 $116.593 $0 $0 $657.994
Total for Type/Exempt Status - Sums Issued Amts only made in AFR Year $0 $774,587 $116,593 $0 $0 $0 $657,994
2013 BOND N GENERAL MUNICIPAL Y 03/06/2013 04/15/2025 1.00% Y $2.170.000 $1,260.000 $210.000 $0 $0 $1.050.000BOND ·REFI
2019 BOND N Emergency Radios 07/10/2018 06/15/2025 2.50% Y $350.000 $0 $0 $350.000
Total for Type/Exempt Status - Sums Issued Amts only made in AFR Year $350,000 $1,260,000 $210,000 $0 $0 $0 $1,400,000
AFR Year Total for All Debt Types - Sums Issued Amts only made in AFR Year $350,000 $2,034,587 $326,593 $0 $0 $0 $2,057,994
Page 46
VILLAGE OF Sag HarborSchedule of Time Deposits and Investments
For the Fiscal Year Ending 2019
EDP Code Amount
CASH:
On Hand 9Z2001 $627.00Demand Deposits 9Z2011 $182,701.00Time Deposits 9Z2021 $7,580,394.00Total $7,763,722.00
COLLATERAL:
- FDIC Insurance 9Z2014 $994,086.00
Collateralized with securities held inpossession of municipality or its agent 9Z2014A $7,161,714.00
Total $8,155,800.00
INVESTMENTS:
- Securities (450)Book Value (cost) 9Z4501Market Vaiue at Balance Sheet Date 9Z4502
Collateralized with securities held in 9Z4504Apossession of municipality or its agent
- Repurchase Agreements (451)Book Value (cost)Market Value at Balance Sheet Date
Collateralized with securities held inpossession of municipality or its agent
Page 47
9Z45119Z4512
9Z4514A
OSC Municipality Code 470478704350
VILLAGE OF Sag HarborBank Reconciliation
For the Fiscal Year Ending 2019
Include Ail Checking, Savings and C.D. Accounts
Bank Add: Less: AdjustedAccount Bank Deposit Outstanding BankNumber Balance In Transit Checks Balance
*****-2478 $1,619,555 $0 $0 $1,619,555
*****-8019 $51,780 $0 $27,104 $24,676
*****-8001 $336,276 $0 $33,681 $302,594
*****-6259 $35,848 $0 $0 $35,848
*****-1391 $12,853 $0 $0 $12,853
*****-7042 $16,745 $0 $3,049 $13,696
*****-6430 $350,537 $1,208 $0 $351,745
*****-0027 $8,374 $0 $0 $8,374
*****-0860 $2,674,149 $0 $0 $2,674,149
*****-0852 $118,785 $551 $11,354 $107,982
*****-3545 $43,924 $1,981 $22,410 $23,495
*****-0889 ($11) $49 $0 $38
*****-0845 $758,886 $0 $510 $758,376
*****-7414 $1,831,288 $0 $1,575 $1,829,713
Total Adjusted Bank Balance $7,763,095
Petty Cash $627.00
Adjustments $1.49
Total Cash 9ZCASH * $7,763,723
Total Cash Balance Ali Funds 9ZCASHB * $7,763,723
* Must be equal
Page 48 OSC Municipality Code 470478704350
VILLAGE OF Sag HarborLocal Government QuestionnaireFor the Fiscal Year Ending 2019
1) Does your municipality have a written procurement policy?
2) Have the financial statements for your municipality been independently audited?
If not, are you planning on having an audit conducted?
3) Does your local government participate in an insurance pool with other localgovernments?
4) Does your local government participate in an investment pool with other localgovernments?
5) Does your municipaiity have a Length of Service Award Program (LOSAP)for volunteer firefighters?
6) Does your municipality have a Capital Plan?
7) Has your municipality prepared and documented a risk assessment plan?
If yes, has your municipality used the results to design the system of internalcontrols?
8) Have you had a change in chief executive or chief fiscal officer during the lastyear?
9) Has your Local Government adopted an investment policy as required byGeneral Municipai Law, Section 39?
Page 49
Response
Yes
No
Yes
No
Yes
Yes
Yes
No
Yes
Yes
VILLAGE OF Sag HarborEmployee and Retiree Benefits
For the Fiscal Year Ending 2019
Total Full Time Employees: 39
Total Part Time Employees: 38Account Description Total # of Full # of Part # of Retirees
Code Expenditures Time Time(All Funds) Employees Employees
9010E State Retirement System $230,518.0C 2 1:
90151 Police and Fire Retirement $550,147.00 1,
90251 Local Pension Fund $477,046.00
90301 Social Security $279,694.0C 3E 3
90401 Worker's Compensation $168,744.0 3E 3Insurance
9045 Life Insurance
9050 Unemployment Insurance
9055 Disability Insurance $4,798.0 3E 3
9060 Hospital and Medical $1,546,640.0 39 2"(Dental) Insurance .
9070 Union WelfareBenefits
9085 Supplemental Benefit Payment toDisabled Fire Fighters
9189 OtherEmployee Benefits
Total $3,257,587.00
Computed Total From Financial $3,257,587.00Section (comparative purposes only)
Page 50 OSC Municipality 470478704350
VILLAGE OF Sag HarborEnergy Costs and ConsumptionFor the Fiscal Year Ending 2019
Energy Type
jGaSOline
IDleSBI Fuel
]FuelOil
INatural Gas
IElectriCity
Icoel
[Propane
TotalExpenditures
$198,81~
TotalVolume Units OfMeasure
gallons
gallons
gallons
cubic feet
kilowatt-hours
tons
gallons
AlternativeUnits OfMeasure
Page 51 OSC Municipality 470478704350
CERTIFICATION OF CHIEF FISCAL OFFICER
I, RHONDA MESEROLE
the VILLAGE of SAG HARBOR
, hereby certify that I am the Chief Fiscal Officer of
, and that the information provided in the annual
, for the fiscal year ended 05/31/2019financial report of the VILLAGE of SAG HARBOR
, is TRU E and correct to the best of my knowledge and belief.
By entering the personal identification number assigned by the Office of the State Comptroller to me as
the Chief Fiscal Officer of the VILLAGE of SAG HARBOR , and adopted by me as
my signature for use in conjunction with the filing of the VILLAGE of SAG HARBOR's
annual financial report, I am evidencing my express intent to authenticate my certification of the
VILLAGE of SAG HARBOR's
and filed by means of electronic data transmission.
RHONDA MESEROLE
Name of Report Preparer if differentthan Chief Fiscal Officer
(631) 725-0222
Telephone Number
10/01/2019
Date of Certification
Page 52
Name
TREASURER
Title
55 MAIN STREET, SAG HARBOR N
Official Address
(631) 725-0222
Official Telephone Number
Municipality Code 470478704350
VILLAGE OF Sag HarborFinancial Comments
For the Fiscal Year Ending 2019
IA) GENERALAdjustment Reason
Account Code A8012 Audit AdjustmentsAccount Code A8015 Year End Audit Adjustments after AUD Submission
IGl SEWERAdjustment Reason
Account Code G8015 AUDIT ADJUSTMENT AFTER SUBMISSION OF ANNUAL UPDATE DOCUMNET
{Hl CAPITAL PROJECTSAdjustment Reason
Account Code H8015 Revenues were reflected in the Capital Fund for more than they shouid have been regarding FalseAlarm Fees. Adjustment was made with audit at year-end. The amount was $16,936.
Page 53 OSC Municipality Code 47{
I, IRHONDAMESEROLE herebycertify that I am the Chief Fiscal Officer of Ihe
J'iILLAGE of ISAG HARBOR I andthatthe information provided in theannual financial
reportoflhe IVILLAGE OflSAG HARBOR ,forlhefiscalyearended 105/31/2019 ,islrue
andcorrect tothe bestof my knowledge and belief. Byentering the personal identification number assigned
by the Office of Ihe Stale Comptrollerto me as the Chief Fiscal Officer of the IVILLAGE of
'SAG HARBOR , and adopted byme 85 mysignature for useinconjunction with the filing of the
IVILLAGE of (SAG HARBOR 's annual financial report, I am evidencing my express
intent to authenticate mycertification of the I'IILLAGE of jSAGHARBOR 'sannual
financial report forthe fiscal yearended 105/31/2019 andfiled by means ofelectronic datatransmission.
1"*******
Name of Report Preparer Personal Identification Numberifdifferent than ChiefFiscal Officer of ChiefFiscal Officer
IRHONDA~ ~SEROLE
Name
1(631) 725-0222
Telephone Number
ITREASURER
Title
1(631) 725-0222
Office Telephone Number
155 MAIN S~EET, SAG HARBOR~
Official Adl 3SS
110/1/201f
Date