all numbers in this report have been rounded to annual ...total ii'~yment of'mta payro,1i...

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

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.

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

OSC Municipality Code 470478704350



(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




(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


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



6,111

37,960

M089

A4910

2,200

17,678

19,878

11,212,945

Interfund Transfers 61,000 A5031




(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

, .;,


,'~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




(A) GENERAL


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,,,'-" , , "'-',, -,',"",,'


(A) GENERAL

Results ofOperation

;~":~!!



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


(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



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


(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



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


(A) GENERAL



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


(CM) MISCELLANEOUS SPECIAL REV

Balance Sheet



AssetsCash Special Reserves 260,595 CM230 261,741



Balance Sheet

:"iHl!!!:.. :'~ .Fund BalanceOtherRestricted Fund Balance



260,595 CM899 261,741



Results ofOperation



Revenues


roflll Delall'Revenues And Other Sources

1,146

1,146

365 CM2401


Results ofOperation

;:':'"lIiig~tl!l· .






Fund Balance - Beginning of Year

Restated Fund Balance - Beg of Year

AOO - REVENUES ANO OTHER SOURCES




260,230 CM8021260,230 CM8022

365260,595 CM8029

260,695260,595

1,146

261,741


(CP) PARKING AUTHORITY

Balance Sheet

AssetsCash Special Reserves



352,228 CP230 353,765



Balance Sheet

Fund BalanceOtherRestricted Fund Balance



352,228 CP899 353,765




Revenues




493 CP2401 1,537





Fund Balance ~ Beginning of Year

Restated Fund Balance - Beg of Year


Fund Balance ~ End of Year



351,735 CP8021

351,735 CP8022

493

352,228 CP8029

352,228

352,228

1,537

353,765


(G) SEWER

Balance Sheet

Assets

Cash



244,394 G200

14,861 G380

802,611

15,583




(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




(G) SEWER


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


SewerServOther Govts

MiseRevenue, OtherGovts

Interfund Transfers G5031 20,000


(G) SEWER


Expenditures

Payment of Mta Payroll Tax, ContrExpend



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


(G) SEWER





Fund Balance - Beginning of Year

Prior Period Adj -Decrease In Fund BalanceRestated Fund Balance - Beg of Year


DEDUCT - EXPENDITURES AND OTHER USES


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


(G) SEWER



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


(G) SEWER

Budget Summary

Appropriations

App- General Government Support

App- HomeAndCommunity Services

App- Employee Benefits

App - Debt Service

App- Interfund Transfer



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


(H) CAPITALPROJECTS

Balance Sheet

AssetsCash

CashWith Fiscal Agent



58,725 H200

H223

H410

227,122 H391

58,978

76,507


(H) CAPITAL PROJECTS

Balance Sheet

Accounts Payable

TOTALAccounts Pa~ableDueTo Other Funds



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






Revenues


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




(H) CAPITALPROJECTS


'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




'<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




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


(K) GENERAL FIXED ASSETS

Balance Sheet



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




(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


(TA)AGENCY

Balance Sheet

AssetsCash



788,217 TA200

3,535,519 TA461

5,381 TA391

501,104

,076

3,099


(TA) AGENCY

Balance Sheet

DueTo Other Funds

Guaranty & Bid DepositsTax RedemptionsOther Funds (specify)



3,535,519

87,092

44,421327

TA631

TA13

TA30

TA40

TA85

60,82744,290

316


Balance Sheet



Results ofOperation



(V) DEBT SERVICE


., ,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



VB021VB022VB029


(W) GENERAL LONG-TERM DEBT

Balance Sheet



Assets

Total Non-Current GovtLiabilities 15,976,941 W129 16,496,879


(W) GENERAL LONG-TERM DEBT

Balance Sheet

NetPension Liability ·Proportionate ShareTotal OPEB Liability

Installment Purchase DebtCompensated Absences



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


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

VILLAGE OF Sag HarborSchedule of Time Deposits and Investments


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

9Z45119Z4512

9Z4514A


VILLAGE OF Sag HarborBank Reconciliation


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


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?

Response

Yes

No

Yes

No

Yes

Yes

Yes

No

Yes

Yes

VILLAGE OF Sag HarborEmployee and Retiree Benefits


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)

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

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

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


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.

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

all numbers in this report have been rounded to annual ...total ii'~yment of'mta payro,1i...

Documents