Memorandum...The WoodHill Group 1 Accounting. Better. [email protected] 734-417-2564 The WoodHill Group 29488 Woodward Ave, Ste 298, Royal …

The WoodHill Group 1 Accounting. Better. [email protected] www.woodhillgrp.com 734-417-2564

The WoodHill Group 29488 Woodward Ave, Ste 298, Royal Oak, MI 48073

Memorandum

To: Council Members and Officers of the Village of Pinckney

From: Andrew D. Clark

Date: January 25, 2020

Re: Financial Statements and Supplemental Reports

Enclosed for your review are the following:

Fund Balance Sheets at 12/31/2020 Revenue & Expenditures Statements 12/31/2020 Cash Summary by Fund from 7/1/2020 – 12/31/2020 Investment Report at 12/31/2020

Thank you for the opportunity to serve the Village of Pinckney.

mailto:[email protected]://www.woodhillgrp.com/

BALANCE SHEET FOR VILLAGE OF PINCKNEY 1/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney

Period Ending 12/31/2020

Fund 101 General Fund

BalanceCurrent YearBeg. BalanceDescriptionGL Number

*** Assets ***

955.35 3,211.80 CASH - CHECKING101-000.000-001.000598,876.38 177,368.57 CASH - DEPOSITORY101-000.000-002.000

250.00 250.00 Petty Cash101-000.000-004.000891,641.77 916,794.91 INVESTMENT POOL HOLDINGS101-000.000-015.630

433.97 246.18 Del Personal Property Tax101-000.000-020.0000.00 10,473.80 Grant Receivable101-000.000-035.000

62,912.39 50,891.13 Utilities Receivable101-000.000-037.0000.00 23,477.90 DELINQ UB/MR ON TAX ROLL101-000.000-037.500

2,559.00 9.00 Accts Receivable101-000.000-039.0000.00 30,674.00 Sales Tax Receivable101-000.000-078.0010.00 1,540.35 Due From Trust & Agency101-000.000-084.701

5,622.10 39,376.56 Prepaid Insurance101-000.000-090.0000.00 3,684.10 Prepaid Expenses101-000.000-090.100

1,563,250.96 1,257,998.30 Total Assets

*** Liabilities ***

25,977.05 13,020.02 Accounts Payable101-000.000-202.0000.00 1,803.24 STATE W/H DEDUCTION PAYABLE101-000.000-228.002

(105.00)(105.00)UNION DUES DEDUCTIONS PAYABLE101-000.000-231.00075.11 163.47 941 PAYROLL LIABILITY101-000.000-258.0000.00 1,520.46 Accrued Federal W/H101-000.000-258.1000.00 27,120.14 ACCRUED WAGE & PAYROLL LIABILITIES101-000.000-260.000

20,900.12 11,669.94 Accrued MERS Payable101-000.000-262.0000.00 55.80 ACCRUED 457 EMPLOYER101-000.000-262.1000.00 642.59 457 DEDUCTION PAYABLE101-000.000-262.101

(9,166.97)0.00 Accrued Health Payable101-000.000-264.0002,000.00 0.00 DEFERRED INFLOW: TOWER MOWING101-000.000-360.001

39,680.31 55,890.66 Total Liabilities

*** Fund Balance ***

1,185,608.42 1,202,107.64 Fund Balance101-000.000-390.00016,499.22 0.00 NET POSITION - RESTRICTED101-000.000-393.000

1,202,107.64 1,202,107.64 Total Fund Balance

1,202,107.64 Beginning Fund Balance

321,463.01 Net of Revenues VS Expenditures1,523,570.65 Ending Fund Balance1,563,250.96 Total Liabilities And Fund Balance



Fund 102 Police Training Fund


*** Assets ***

0.00 166.16 CASH - CHECKING102-000.000-001.0001,418.74 1,252.29 CASH - DEPOSITORY102-000.000-002.000

1,418.74 1,418.45 Total Assets

*** Liabilities ***

0.00 0.00 Total Liabilities


1,418.45 1,418.45 Fund Balance102-000.000-390.000

1,418.45 1,418.45 Total Fund Balance

1,418.45 Beginning Fund Balance

0.29 Net of Revenues VS Expenditures1,418.74 Ending Fund Balance1,418.74 Total Liabilities And Fund Balance



Fund 150 Cemetery Fund


*** Assets ***

477.28 14,350.57 CASH - CHECKING150-000.000-001.0006,426.51 14,933.27 CASH - DEPOSITORY150-000.000-002.000

148,016.62 139,359.52 INVESTMENT POOL HOLDINGS150-000.000-015.63079.20 316.68 Prepaid Insurance150-000.000-090.000

154,999.61 168,960.04 Total Assets

*** Liabilities ***

0.00 15.32 Accounts Payable150-000.000-202.0000.00 496.90 ACCRUED WAGE & PAYROLL LIABILITIES150-000.000-260.000

0.00 512.22 Total Liabilities


39,232.16 39,232.16 CORPUS OF PERMANENT FUND150-000.000-373.000129,215.66 129,215.66 Fund Balance150-000.000-390.000



(13,448.21)Net of Revenues VS Expenditures154,999.61 Ending Fund Balance154,999.61 Total Liabilities And Fund Balance



Fund 202 Major Street Fund


*** Assets ***

159.56 35,968.51 CASH - CHECKING202-000.000-001.000121,101.21 33,161.51 CASH - DEPOSITORY202-000.000-002.000544,013.51 511,937.43 INVESTMENT POOL HOLDINGS202-000.000-015.630

0.00 24,257.02 MI Vehicle Highway Rec.202-000.000-078.00220.70 82.68 Prepaid Insurance202-000.000-090.0000.00 3,689.26 Inventory202-000.000-101.000

665,294.98 609,096.41 Total Assets

*** Liabilities ***

154.23 1,435.00 Accounts Payable202-000.000-202.0000.00 59.98 ACCRUED WAGE & PAYROLL LIABILITIES202-000.000-260.000

154.23 1,494.98 Total Liabilities


607,601.43 607,601.43 Fund Balance202-000.000-390.000



57,539.32 Net of Revenues VS Expenditures665,140.75 Ending Fund Balance665,294.98 Total Liabilities And Fund Balance



Fund 203 Local Street Fund


*** Assets ***


0.00 100.00 DELINQ LOCAL STS ON TAX ROLL203-000.000-037.5000.00 10,348.19 MI Vehicle Highway Rec.203-000.000-078.002

29.80 119.32 Prepaid Insurance203-000.000-090.0000.00 3,689.26 Inventory203-000.000-101.000

473,707.27 462,090.25 Total Assets

*** Liabilities ***

154.23 2,975.20 Accounts Payable203-000.000-202.0003,250.60 3,250.60 CONSTRUCTION RETAINAGE203-000.000-204.000

0.00 273.17 ACCRUED WAGE & PAYROLL LIABILITIES203-000.000-260.000



455,591.28 455,591.28 Fund Balance203-000.000-390.000






Fund 204 General Highway Fund


*** Assets ***


181.22 93.66 Del Personal Property Tax204-000.000-020.000

837,489.26 559,382.61 Total Assets

*** Liabilities ***

0.00 2,871.90 Accounts Payable204-000.000-202.0002,375.00 2,375.00 Accrued Interest Payable204-000.000-251.000



554,135.71 554,135.71 Fund Balance204-000.000-390.000






Fund 248 Downtown Dev. Authority


*** Assets ***


259,321.43 142,167.66 Total Assets

*** Liabilities ***

30.64 3,601.64 Accounts Payable248-000.000-202.0000.00 135.09 ACCRUED WAGE & PAYROLL LIABILITIES248-000.000-260.000

30.64 3,736.73 Total Liabilities


138,430.93 138,430.93 Fund Balance248-000.000-390.000






Fund 590 SEWER O & M FUND


*** Assets ***

820.60 23,837.18 CASH - CHECKING590-000.000-001.000477.06 5.99 CASH - USDA HUNT#6573590-000.000-001.005

222,952.47 100,103.34 CASH - DEPOSITORY590-000.000-002.00017,250.00 0.00 CASH - USDA BOND RESERVE/RESTRICTED590-000.000-002.00420,409.00 0.00 CASH - USDA REPAIR/REPL/IMPR RESTRICTED590-000.000-002.005

801.06 800.80 USDA BOND PMT HUNT#6560590-000.000-002.0351,652,390.64 1,675,597.47 INVESTMENT POOL HOLDINGS590-000.000-015.630

173,254.96 134,237.93 Utilities Receivable590-000.000-037.0000.00 65,684.56 DELINQ SEWER ON TAX ROLL590-000.000-037.500

5,692.75 10,184.65 DUE FROM ROLLING HILLS SAD590-000.000-084.4872,771,152.95 2,234,709.61 DUE FROM USDA SEWER UPGRADE PROJECT590-000.000-084.592

677.00 2,708.00 Prepaid Insurance590-000.000-090.0000.00 1,228.03 Prepaid Expenses590-000.000-090.100

184,333.56 184,333.56 LAND590-000.000-130.000117,253.95 117,253.95 BUILDINGS590-000.000-136.000(33,478.33)(31,918.75)A/D - BUILDINGS590-000.000-137.00025,477.00 25,464.00 VEHICLES590-000.000-148.000(25,464.00)(25,464.00)ACCUM. DEPR. - VEHICLES590-000.000-149.000339,565.71 339,565.71 MACHINERY & EQUIPMENT590-000.000-150.000

(278,804.48)(266,286.92)A/D - MACHINERY & EQUIPMENT590-000.000-151.0006,970,959.35 6,970,959.35 SEWER SYSTEM590-000.000-154.000

(3,956,294.26)(3,875,250.79)A/D - SEWER SYSTEM590-000.000-155.000227,756.15 227,756.15 Construction In Progress590-000.000-158.00019,953.00 19,953.00 DEFERRED OUTFLOW590-000.000-180.000

8,457,136.14 7,935,462.82 Total Assets

*** Liabilities ***

1,003.33 12,270.28 Accounts Payable590-000.000-202.0001,750.33 1,750.33 CONSTRUCTION RETAINAGE590-000.000-204.0009,000.00 61,000.00 CURRENT PORTION BONDS PAYABLE590-000.000-240.0007,961.00 7,961.00 Accrued Interest Payable590-000.000-251.000

0.00 5,623.47 ACCRUED WAGE & PAYROLL LIABILITIES590-000.000-260.00068,886.00 68,886.00 NET PENSION LIABILITY590-000.000-262.001252,009.00 252,009.00 2013 GO BONDS PAYABLE590-000.000-300.000

2,248,521.84 1,650,325.54 2018 USDA REV BONDS590-000.000-301.00016,000.00 0.00 2020 USDA REV BONDS590-000.000-302.000

2,605,131.50 2,059,825.62 Total Liabilities


3,831,926.00 3,831,926.00 INVESTED IN CAP ASSETS-NET OF DEBT590-000.000-391.00058,715.00 58,715.00 NET POSITION - RESTRICTED590-000.000-393.000

1,984,996.20 1,984,996.20 NET POSITION - UNRESTRICTED590-000.000-395.000



(23,632.56)Net of Revenues VS Expenditures5,852,004.64 Ending Fund Balance8,457,136.14 Total Liabilities And Fund Balance



Fund 591 Village Water Fund


*** Assets ***

3,286.36 369.84 CASH - CHECKING591-000.000-001.000157,840.94 91,305.19 CASH - DEPOSITORY591-000.000-002.000

2,221,769.64 2,255,359.40 INVESTMENT POOL HOLDINGS591-000.000-015.63077,261.19 63,269.07 Utilities Receivable591-000.000-037.000

0.00 27,784.04 DELINQ WATER ON TAX ROLL591-000.000-037.500434.50 1,738.00 Prepaid Insurance591-000.000-090.000

0.00 1,228.03 Prepaid Expenses591-000.000-090.10036,904.80 36,904.80 Inventory591-000.000-101.000174,315.71 174,315.71 BUILDINGS591-000.000-136.000(25,898.33)(23,719.37)A/D - BUILDINGS591-000.000-137.00032,640.12 32,627.12 VEHICLES591-000.000-148.000(32,627.12)(32,627.12)ACCUM. DEPR. - VEHICLES591-000.000-149.000315,184.42 315,184.42 MACHINERY & EQUIPMENT591-000.000-150.000

(133,137.34)(123,784.13)A/D - MACHINERY & EQUIPMENT591-000.000-151.0004,628,344.78 4,628,344.78 Water System591-000.000-152.000

(2,965,751.49)(2,905,172.19)Accum. Depr. - Water System591-000.000-153.00012,377.00 12,377.00 DEFERRED OUTFLOW591-000.000-180.000

4,502,945.18 4,555,504.59 Total Assets

*** Liabilities ***

1,182.77 3,618.74 Accounts Payable591-000.000-202.000300.00 300.00 CUSTOMER DEPOSITS AND INTEREST PAYABLE591-000.000-255.000

0.00 3,668.52 ACCRUED WAGE & PAYROLL LIABILITIES591-000.000-260.00042,731.00 42,731.00 NET PENSION LIABILITY591-000.000-262.001



2,065,170.00 2,065,170.00 INVESTED IN CAP ASSETS-NET OF DEBT591-000.000-393.0002,440,016.33 2,440,016.33 NET POSITION - UNRESTRICTED591-000.000-395.000



(46,454.92)Net of Revenues VS Expenditures4,458,731.41 Ending Fund Balance4,502,945.18 Total Liabilities And Fund Balance



Fund 592 USDA SEWER UPGRADE PROJECT


*** Assets ***

2,520,573.65 2,074,428.80 Construction In Progress592-000.000-158.000

2,520,573.65 2,074,428.80 Total Assets

*** Liabilities ***

0.00 108,780.76 Accounts Payable592-000.000-202.00086,598.81 68,116.54 CONSTRUCTION RETAINAGE592-000.000-204.000-USDA2018

2,771,152.95 2,234,709.61 Due To Sewer - O & M592-000.000-214.590

2,857,751.76 2,411,606.91 Total Liabilities


(337,178.11)(337,178.11)NET POSITION - UNRESTRICTED592-000.000-395.000

(337,178.11)(337,178.11)Total Fund Balance

(337,178.11)Beginning Fund Balance

0.00 Net of Revenues VS Expenditures(337,178.11)Ending Fund Balance

2,520,573.65 Total Liabilities And Fund Balance



Fund 701 Trust & Agency


*** Assets ***

30,315.71 54,677.09 CASH - DEPOSITORY701-000.000-002.000

30,315.71 54,677.09 Total Assets

*** Liabilities ***

1,213.00 20,481.33 Accounts Payable701-000.000-202.00029,102.71 32,655.41 MASTER PROJECT ACCT: DO NOT POST701-000.000-214.000

0.00 1,540.35 Due To General701-000.000-214.101



0.00 0.00 Total Fund Balance

0.00 Beginning Fund Balance

0.00 Net of Revenues VS Expenditures0.00 Ending Fund Balance

30,315.71 Total Liabilities And Fund Balance

REVENUE AND EXPENDITURE REPORT FOR VILLAGE OF PINCKNEY 1/10Page:01/21/2021 08:25 AMUser: ACLARK(WOODHILL)DB: Pinckney

PERIOD ENDING 12/31/2020% Fiscal Year Completed: 50.41

% BDGTUSED

AVAILABLEBALANCE

NORMAL (ABNORMAL)

YTD BALANCE12/31/2020

NORMAL (ABNORMAL)

2020-21ORIGINAL

BUDGET

END BALANCE06/30/2020

NORMAL (ABNORMAL)DESCRIPTIONGL NUMBER

Fund 101 - General FundRevenues

50.09 87,099.76 87,410.24 174,510.00 176,568.13 CHARGES FOR SERVICESCHGS59.71 7,453.26 11,046.74 18,500.00 19,223.80 FRANCHISE AND LIQUOR CONTROL FEESFRANLIQ

212.78 (22,555.00)42,555.00 20,000.00 19,266.80 GRANTSGRANTS21.96 3,511.72 988.28 4,500.00 10,621.08 INTEREST INCOMEINT66.91 18,449.82 37,302.18 55,752.00 63,308.97 INTERFUND CHARGES & TRANSFERSINTGOVT44.67 14,108.63 11,391.37 25,500.00 36,265.96 LICENSES, FINES, & PERMITSLICENSE99.58 20.94 4,979.06 5,000.00 13,195.55 MISCELLANEOUS REVENUEOTHER

111.32 (70,644.66)694,750.66 624,106.00 672,776.32 PROPERTY TAXESPROPTX100.00 72,191.57 (72,191.57)0.00 (69,268.00)DDA TAX CAPTUREPRPTXCAP72.74 24,534.31 65,465.69 90,000.00 97,734.75 RENTAL REVENUERENTS45.18 103,723.76 85,476.24 189,200.00 211,194.39 STATE SHARED REVENUESSTSHRD

80.29 237,894.11 969,173.89 1,207,068.00 1,250,887.75 TOTAL REVENUES

ExpendituresFunction: GENERAL GOVERNMENT

49.60 7,636.94 7,517.06 15,154.00 11,074.00 VILLAGE COUNCIL101.00018.24 13,154.91 2,935.09 16,090.00 5,051.54 VILLAGE PRESIDENT171.00047.02 26,169.92 23,225.08 49,395.00 64,728.26 VILLAGE CLERK215.000

100.00 0.00 4,000.00 4,000.00 4,000.00 AUDITORS223.00090.14 1,788.86 16,361.14 18,150.00 19,780.41 SECRETARY248.00052.87 3,018.49 3,386.51 6,405.00 7,175.65 VILLAGE TREASURER253.0000.00 2,000.00 0.00 2,000.00 0.00 ELECTIONS262.000

16.02 21,655.85 4,131.15 25,787.00 25,941.26 BUILDINGS & GROUNDS265.000207.47 (13,433.85)25,933.85 12,500.00 6,858.17 LEGAL FEES266.00052.43 46,301.75 51,025.25 97,327.00 88,730.16 OFFICE OVERHEAD299.00047.96 282,226.08 260,073.92 542,300.00 489,251.52 POLICE DEPARTMENT301.00035.23 189,495.59 103,076.41 292,572.00 316,481.89 DEPT OF PUBLIC WORKS441.00039.29 7,589.26 4,910.74 12,500.00 11,995.69 STREET LIGHTS448.00042.08 136,815.38 99,384.62 236,200.00 157,126.24 REFUSE, LEAF & BRUSH528.00040.79 8,182.85 5,637.15 13,820.00 14,036.03 PLANNING COMMISSION721.00053.64 22,944.60 26,543.40 49,488.00 41,454.70 ZONING ADMINISTRATOR722.0000.00 3,000.00 0.00 3,000.00 2,500.00 ECONOMIC DEVELOPMENT728.000

32.86 19,550.49 9,569.51 29,120.00 26,625.79 PARKS & RECREATION751.0000.00 14,380.00 0.00 14,380.00 13,061.00 TRANSFER966.000

0.00 792,477.12 647,710.88 1,440,188.00 1,305,872.31 Total - Function Unclassified

44.97 792,477.12 647,710.88 1,440,188.00 1,305,872.31 TOTAL EXPENDITURES

1,523,570.65 968,987.64 1,202,107.64 END FUND BALANCE1,202,107.64 1,202,107.64 1,257,092.20 BEG. FUND BALANCE

137.90 (554,583.01)321,463.01 (233,120.00)(54,984.56)NET OF REVENUES & EXPENDITURES

44.97 792,477.12 647,710.88 1,440,188.00 1,305,872.31 TOTAL EXPENDITURES80.29 237,894.11 969,173.89 1,207,068.00 1,250,887.75 TOTAL REVENUES

Fund 101 - General Fund:



% BDGTUSED

AVAILABLEBALANCE

NORMAL (ABNORMAL)


NORMAL (ABNORMAL)

2020-21ORIGINAL

BUDGET



Fund 102 - Police Training FundRevenues

27.99 720.15 279.85 1,000.00 447.25 GRANTSGRANTS100.00 (0.29)0.29 0.00 2.09 INTEREST INCOMEINT

28.01 719.86 280.14 1,000.00 449.34 TOTAL REVENUES

ExpendituresFunction: PUBLIC SAFETY

27.99 720.15 279.85 1,000.00 447.25 POLICE DEPARTMENT301.000

27.99 720.15 279.85 1,000.00 447.25 Total - Function PUBLIC SAFETY

27.99 720.15 279.85 1,000.00 447.25 TOTAL EXPENDITURES

1,418.74 1,418.45 1,418.45 END FUND BALANCE1,418.45 1,418.45 1,416.36 BEG. FUND BALANCE

100.00 (0.29)0.29 0.00 2.09 NET OF REVENUES & EXPENDITURES

27.99 720.15 279.85 1,000.00 447.25 TOTAL EXPENDITURES28.01 719.86 280.14 1,000.00 449.34 TOTAL REVENUES

Fund 102 - Police Training Fund:



% BDGTUSED

AVAILABLEBALANCE

NORMAL (ABNORMAL)


NORMAL (ABNORMAL)

2020-21ORIGINAL

BUDGET



Fund 150 - Cemetery FundRevenues

155.95 (2,350.00)6,550.00 4,200.00 12,050.00 CHARGES FOR SERVICESCHGS20.06 639.55 160.45 800.00 1,327.74 INTEREST INCOMEINT0.00 14,380.00 0.00 14,380.00 13,061.00 INTERFUND CHARGES & TRANSFERSINTGOVT

34.63 12,669.55 6,710.45 19,380.00 26,438.74 TOTAL REVENUES

ExpendituresFunction: CEMETERY

56.58 15,471.34 20,158.66 35,630.00 13,401.97 CEMETERY276.000

56.58 15,471.34 20,158.66 35,630.00 13,401.97 Total - Function CEMETERY

56.58 15,471.34 20,158.66 35,630.00 13,401.97 TOTAL EXPENDITURES


82.76 (2,801.79)(13,448.21)(16,250.00)13,036.77 NET OF REVENUES & EXPENDITURES

56.58 15,471.34 20,158.66 35,630.00 13,401.97 TOTAL EXPENDITURES34.63 12,669.55 6,710.45 19,380.00 26,438.74 TOTAL REVENUES

Fund 150 - Cemetery Fund:



% BDGTUSED

AVAILABLEBALANCE

NORMAL (ABNORMAL)


NORMAL (ABNORMAL)

2020-21ORIGINAL

BUDGET



Fund 202 - Major Street FundRevenues

26.20 1,660.47 589.53 2,250.00 4,590.61 INTEREST INCOMEINT38.97 103,753.96 66,246.04 170,000.00 173,802.24 STATE SHARED REVENUESSTSHRD

38.80 105,414.43 66,835.57 172,250.00 178,392.85 TOTAL REVENUES

ExpendituresFunction: PUBLIC WORKS

6.83 126,863.75 9,296.25 136,160.00 114,886.77 MAJOR STREET - ACT 51452.000

6.83 126,863.75 9,296.25 136,160.00 114,886.77 Total - Function PUBLIC WORKS



159.43 (21,449.32)57,539.32 36,090.00 63,506.08 NET OF REVENUES & EXPENDITURES


Fund 202 - Major Street Fund:



% BDGTUSED

AVAILABLEBALANCE

NORMAL (ABNORMAL)


NORMAL (ABNORMAL)

2020-21ORIGINAL

BUDGET



Fund 203 - Local Street FundRevenues

100.00 (448.64)448.64 0.00 1,760.32 INTEREST INCOMEINT0.00 650,000.00 0.00 650,000.00 261,000.00 INTERFUND CHARGES & TRANSFERSINTGOVT0.00 0.00 0.00 0.00 4,587.49 MISCELLANEOUS REVENUEOTHER

40.37 41,741.10 28,258.90 70,000.00 74,143.84 STATE SHARED REVENUESSTSHRD

3.99 691,292.46 28,707.54 720,000.00 341,491.65 TOTAL REVENUES


1.96 700,333.62 13,996.38 714,330.00 353,471.49 LOCAL STREET - ACT 51453.000




259.46 (9,041.16)14,711.16 5,670.00 (11,979.84)NET OF REVENUES & EXPENDITURES


Fund 203 - Local Street Fund:



% BDGTUSED

AVAILABLEBALANCE

NORMAL (ABNORMAL)


NORMAL (ABNORMAL)

2020-21ORIGINAL

BUDGET



Fund 204 - General Highway FundRevenues

14.46 1,924.71 325.29 2,250.00 3,383.21 INTEREST INCOMEINT100.00 0.00 3,000.00 3,000.00 3,000.00 LICENSES, FINES, & PERMITSLICENSE111.37 (33,759.71)330,759.71 297,000.00 318,830.63 PROPERTY TAXESPROPTX100.00 34,878.92 (34,878.92)0.00 (33,312.00)DDA TAX CAPTUREPRPTXCAP12.17 7,026.50 973.50 8,000.00 9,534.25 STATE SHARED REVENUESSTSHRD

96.75 10,070.42 300,179.58 310,250.00 301,436.09 TOTAL REVENUES


2.97 627,348.97 19,201.03 646,550.00 249,422.48 GENERAL HIGHWAY FUND - (NON-ACT 51)446.000




83.55 (617,278.55)280,978.55 (336,300.00)52,013.61 NET OF REVENUES & EXPENDITURES


Fund 204 - General Highway Fund:



% BDGTUSED

AVAILABLEBALANCE

NORMAL (ABNORMAL)


NORMAL (ABNORMAL)

2020-21ORIGINAL

BUDGET



Fund 248 - Downtown Dev. AuthorityRevenues

37.29 235.16 139.84 375.00 641.52 INTEREST INCOMEINT0.00 1,500.00 0.00 1,500.00 3,225.00 LICENSES, FINES, & PERMITSLICENSE

360.15 (2,601.47)3,601.47 1,000.00 1,160.50 MISCELLANEOUS REVENUEOTHER96.37 5,242.18 139,257.82 144,500.00 135,260.61 PROPERTY TAXESPROPTX0.00 3,600.00 0.00 3,600.00 4,239.52 STATE SHARED REVENUESSTSHRD

94.72 7,975.87 142,999.13 150,975.00 144,527.15 TOTAL REVENUES

ExpendituresFunction: Unclassified

19.34 92,319.73 22,139.27 114,459.00 106,862.62 ECONOMIC DEVELOPMENT728.000

19.34 92,319.73 22,139.27 114,459.00 106,862.62 Total - Function Unclassified



330.98 (84,343.86)120,859.86 36,516.00 37,664.53 NET OF REVENUES & EXPENDITURES


Fund 248 - Downtown Dev. Authority:



% BDGTUSED

AVAILABLEBALANCE

NORMAL (ABNORMAL)


NORMAL (ABNORMAL)

2020-21ORIGINAL

BUDGET



Fund 590 - SEWER O & M FUNDRevenues

52.33 245,011.28 268,957.72 513,969.00 507,009.24 CHARGES FOR SERVICESCHGS0.00 300,946.00 0.00 300,946.00 0.00 GRANTSGRANTS

11.41 14,263.06 1,836.94 16,100.00 15,630.81 INTEREST INCOMEINT31.38 10,951.02 5,008.98 15,960.00 11,533.81 INTERFUND CHARGES & TRANSFERSINTGOVT

100.00 (1,875.36)1,875.36 0.00 25,639.17 MISCELLANEOUS REVENUEOTHER

32.78 569,296.00 277,679.00 846,975.00 559,813.03 TOTAL REVENUES

ExpendituresFunction: SEWER SYSTEM

18.66 1,313,173.44 301,311.56 1,614,485.00 529,011.99 SEWER OPERATIONS590.000

18.66 1,313,173.44 301,311.56 1,614,485.00 529,011.99 Total - Function SEWER SYSTEM

18.66 1,313,173.44 301,311.56 1,614,485.00 529,011.99 TOTAL EXPENDITURES

5,852,004.64 5,108,127.20 5,875,637.20 END FUND BALANCE5,875,637.20 5,875,637.20 5,844,836.16 BEG. FUND BALANCE

3.08 (743,877.44)(23,632.56)(767,510.00)30,801.04 NET OF REVENUES & EXPENDITURES

18.66 1,313,173.44 301,311.56 1,614,485.00 529,011.99 TOTAL EXPENDITURES32.78 569,296.00 277,679.00 846,975.00 559,813.03 TOTAL REVENUES

Fund 590 - SEWER O & M FUND:



% BDGTUSED

AVAILABLEBALANCE

NORMAL (ABNORMAL)


NORMAL (ABNORMAL)

2020-21ORIGINAL

BUDGET



Fund 591 - Village Water FundRevenues

59.19 105,900.52 153,604.48 259,505.00 265,023.86 CHARGES FOR SERVICESCHGS16.25 12,562.36 2,437.64 15,000.00 21,743.58 INTEREST INCOMEINT

100.00 (813.46)813.46 0.00 470.97 INTERFUND CHARGES & TRANSFERSINTGOVT0.00 0.00 0.00 0.00 2,143.97 MISCELLANEOUS REVENUEOTHER

57.14 117,649.42 156,855.58 274,505.00 289,382.38 TOTAL REVENUES

ExpendituresFunction: WATER SYSTEM

52.92 180,839.50 203,310.50 384,150.00 299,795.09 VILLAGE WATER DEPT591.000

52.92 180,839.50 203,310.50 384,150.00 299,795.09 Total - Function WATER SYSTEM


4,458,731.41 4,395,541.33 4,505,186.33 END FUND BALANCE4,505,186.33 4,505,186.33 4,515,599.04 BEG. FUND BALANCE

42.37 (63,190.08)(46,454.92)(109,645.00)(10,412.71)NET OF REVENUES & EXPENDITURES


Fund 591 - Village Water Fund:



% BDGTUSED

AVAILABLEBALANCE

NORMAL (ABNORMAL)


NORMAL (ABNORMAL)

2020-21ORIGINAL

BUDGET



Fund 592 - USDA SEWER UPGRADE PROJECTExpendituresFunction: Unclassified

0.00 1,518,500.00 0.00 1,518,500.00 0.00 USDA SEWER UPGRADE PROJECT592.000

0.00 1,518,500.00 0.00 1,518,500.00 0.00 Total - Function Unclassified

0.00 1,518,500.00 0.00 1,518,500.00 0.00 TOTAL EXPENDITURES

(337,178.11)(1,855,678.11)(337,178.11)END FUND BALANCE(337,178.11)(337,178.11)(337,178.11)BEG. FUND BALANCE

0.00 (1,518,500.00)0.00 (1,518,500.00)0.00 NET OF REVENUES & EXPENDITURES

0.00 1,518,500.00 0.00 1,518,500.00 0.00 TOTAL EXPENDITURES0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES

Fund 592 - USDA SEWER UPGRADE PROJECT:

13,883,395.18 10,268,329.68 13,171,378.68 END FUND BALANCE - ALL FUNDS13,171,378.68 13,171,378.68 13,051,731.67 BEG. FUND BALANCE - ALL FUNDS

24.53 (3,615,065.50)712,016.50 (2,903,049.00)119,647.01 NET OF REVENUES & EXPENDITURES

18.73 5,368,047.62 1,237,404.38 6,605,452.00 2,973,171.97 TOTAL EXPENDITURES - ALL FUNDS52.65 1,752,982.12 1,949,420.88 3,702,403.00 3,092,818.98 TOTAL REVENUES - ALL FUNDS

FUND: 101 102 150 202 203 204 248 487 590 591 592 701 703CASH AND INVESTMENT ACCOUNTS

CASH SUMMARY BY FUND FOR VILLAGE OF PINCKNEY 1/1Page: 01/21/2021 08:27 AMUser: ACLARK(WOODHILL)DB: Pinckney

FROM 07/01/2020 TO 12/31/2020

EndingBalance

12/31/2020Total

Credits Total

Debits

BeginningBalance

07/01/2020DescriptionFund

1,491,723.50 1,851,188.77 2,245,286.99 1,097,625.28 General Fund101

1,418.74 393.64 393.93 1,418.45 Police Training Fund102

154,920.41 49,805.83 36,082.88 168,643.36 Cemetery Fund150

665,274.28 45,891.46 130,098.29 581,067.45 Major Street Fund202

473,677.47 86,023.34 111,867.33 447,833.48 Local Street Fund203

837,308.04 95,648.67 373,667.76 559,288.95 General Highway Fund204

259,321.43 54,175.99 171,329.76 142,167.66 Downtown Dev. Authority248

1,915,100.83 2,139,430.78 2,254,186.83 1,800,344.78 SEWER O & M FUND590

2,382,896.94 361,545.80 397,408.31 2,347,034.43 Village Water Fund591

30,315.71 32,661.38 8,300.00 54,677.09 Trust & Agency701

8,211,957.35 4,716,765.66 5,728,622.08 7,200,100.93 TOTAL - ALL FUNDS

VILLAGE OF PINCKNEY: INVESTMENT REPORTAS OF: 12/31/2020

Acct Name Type Investment Holding Account # BALANCE RATE OPEN Paid To Dt MATURITY ACCRUED NOTE

INVESTMENTSCDAR CDAR Old National #8154 526,057.55 0.04% 12/24/2020 12/31/2020 6/24/2021 0.00 Rollover

#1602 0.00 0.05% 6/25/2020 12/24/2020 Roll to #8154#2926 618,105.71 0.05% 8/6/2020 12/31/2020 2/4/2021 0.00 Rollover

CDAR Flagstar #0517 773,914.96 0.17% 12/3/2020 N/A 12/2/2021 100.84 Rollover

CDAR 630-000.000-011.000 1,918,078.22 Wtd Avg 0.10% 100.84 Accrued CDARs

CDEP CD AASB/Level One #4142 258,065.37 0.20% 10/13/2020 4/12/2021 111.71 From #7617 Collateral @ 8/31 $1.57MM #4325 524,805.47 0.20% 10/27/2020 4/26/2021 186.92 From #8836 Amt not FDIC Ins $1.57MM #7617 0.00 0.30% 4/13/2020 10/13/2020 To #4142

#8836 0.00 0.50% 10/27/2019 10/27/2020 To #4325#3254 834,950.21 0.25% 7/25/2020 1/21/2021 909.30 From #0413

CDEP CD Chemical Bank/TCF #7013 257,901.65 0.22% 9/29/2020 12/28/2020 9/29/2021 4.66 Rolled 9/2020CDEP CD Comerica #2259 204,246.55 0.20% 7/1/2020 7/1/2021 204.81 Rate Estimated

630-000.000-003.100 2,079,969.25 Wtd Avg 0.22% 1,417.39 Accrued CDs

1,518.24 Total Accrued(361.91) Current Accrued

1,880.15 Period Accrual

FEES YTDMMKT MMktCkng Chelsea State Bank #3044 251,021.06 0.10%MMKT MMktMuniChemical Bank/TCF #6309 250,497.92 0.05%MMKT MMktBus Comerica #2052 251,040.27 0.12% 110.00 MMKT MMktSav Level One f/k/a AASB #8074 202,746.56 0.25%MMKT PublicFndsMktOld National #7157 629,724.83 0.04%MMKT MMktBus PNC #9072 251,851.83 0.03%

630-000.000-001.901 1,836,882.47 Wtd Avg 0.08%

SAV Savings Flagstar #2345 257,938.42 0.15%630-000.000-002.100 257,938.42

CKLTD GovtChkng Flagstar #0337 146,666.18 0.05%630-000.000-001.100 146,666.18

Accrued Interest Receivable 1,518.24 630-000.000-056.000

TOTAL FUND 630 6,241,052.78 Weighted Average Interest Rate 0.14%

3 Month Treasury 0.09% **

**Source: US Dept of Treasury

OPERATING FEES YTDChecking 101 Huntington - GF Checking #9069/#8270 6,709.14 0.00%Checking Ckng2 Huntington - Depository #9072 1,932,351.60 0.05% 53.00 Checking 701 Huntington - Escrow #9085 30,315.71 0.00%Checking 703TX PNC - Tax #5594 0.00 0.00% 112.94 Checking USDA Huntington - Sewer Const #6573 477.06 0.10% 30.00 Checking USDA2 Huntington - Bond Pmt #6560 801.06 0.05%

Petty Cash 250.00Total Operating Cash 1,970,904.57

TOTAL CASH & INVESTMENTS 8,211,957.35

1 VOP Cover Memo Council Meeting 2021-1-25.pdf (p.1)2 VOP Fund Balance Sheets 2020-12-31.pdf (p.2-12)3 VOP Revenues & Expenditures 2020-12-31.pdf (p.13-22)4 VOP Cash Summary by Fund 2020-12-31.pdf (p.23)5 VOP Investment Report 2020-12-31.pdf (p.24)

Documents

Memorandum...The WoodHill Group 1 Accounting. Better. [email protected] 734-417-2564 The WoodHill Group 29488 Woodward Ave, Ste 298, Royal …