Fund Balance Activities

 

Undesignated Fund Balance (Surplus)          Code Enforcement Fund

Beginning Balance

$299,647.82

Beginning Balance

$20,913.24

Appropriations

$115,000.00

Appropriations

$1,500.00

Income from Operations

$416,162.68

Income from Permits, Interest

$16,503.84

Operating Expenses

$306,337.71

Expenses

$9,439.09

Ending Balance

$294,499.79

Ending Balance

$26,477.99

 

 

 

 

 

 

 

Education Fund                                              Dump Closing Fund

Beginning Balance

$170,202.01

Beginning Balance

$9,027.27

Appropriation Deductions

($123,412.78)

Appropriation

($2,500.00)

Income & Expenses

(net with budget)

$186,100.48

Incomes from Operations

$7,231.85

Ending Balance

$232,889.71

Expenses

$5,947.94

Ending Balance

$7,811.18

 

 

 

 

 

 

 

Fire Truck Reserve Fund                              Salt/Sand Shed Reserve Fund

Beginning Balance

$10,580.06

Appropriated Addition

$5,000.00

Interest

$310.97

Ending Balance

$15,891.03

Beginning Balance

$45,278.19

Interest Income

$1,059.73

Ending Balance

$46,337.92

 

Road Fund                                                      Education Capital Reserve

 

Beginning Balance

$12,646.49

Income & Expense Budget

$177,155.70

Expenses & Income Budget

$172,661.61

Ending Balance

$17,140.58

Beginning Balance

$2,333.38

Interest Income

$50.94

Ending Balance

$2,384.32

 

Portable Classroom Maintenance Fund       Animal Control Fund

Beginning Balance

$2,183.99

Income & Appropriations

$1,072.56

Ending Balance

$3,256.55

Beginning Balance

$940.41

License Sales, Fines

$1,011.50

Expenses, Budget

$1, 375.60

Ending Balance

$576.25

 


Revaluation Fund                                           Summer Recreation Fund

Beginning Balance

$24,464.25

Additions & Interest

$4,591.03

Ending Balance

$29,055.28

Beginning Balance

$50.00

No Activity FY  ‘03

Ending Balancne

$50.00

 

Parks & Recreation Fund                             Cable TV Equipment Fund

Beginning Balance

$1,344.49

Budget

$5,150.00

Expenses

$4,121.66

Ending Balance

$2,372.83

Beginning Balance

$1,000.00

Franchise Fees, Interest

$3,573.65

Equipment Purchases

$264.85

Ending Balance

$4,308.80

 

Insurance Deductible Fund                           Harbor Fund

Beginning Balance

$3,963.03

Interest Income

$86.55

Ending Balance

$4,049.61

Beginning Balance

$4,758.79

Mooring Permit Income

$820.00

Harbor Master Expenses

$801.79

Ending Balance

$4,777.00

 

Reserved for Endowments                            Fixed Asset Investments**

(Cemeteries)*

Beginning Balance

$10,872.11

Interest Income

$257.05

Ending Balance

$11,129.16

Beginning Balance

$1,784,360.09

GASB 34 Adjustment

$8,364,463.75

Net Additions

$92,835.20

Ending Balance

$10,241,659.40

*The balance plus the amount due from other funds equals the cumulative balance for the individual cemetery accounts.

 

** The town converted its fixed asset inventory to comply with GASB 34 during the fiscal year.  The values of roads and other infrastructure assets are now included in the fixed asset determination.  Below are the non-infrastructure items added in the “net additions” line.

 

Fixed Asset Inventory Records

       

Location

Item

Purchase

Value/Cost

Removal

Removal

Valuation

 

Date

Date

Reason

Removed

Map 1 Lot 57

Anderson Property

12/18/02

$89,700.00

     

Fire Dept

Pagers

7/18/02

$830.00

     

Fire Dept

Pager

9/26/02

$427.00

     

Fire Dept

Radio

12/18/02

$739.00

     

Town Hall

Computer Monitor

10/27/02

$169.99

     

Fire Dept

Computer System

12/13/02

$704.70

     

Fire Dept

File Cabinet

5/31/03

$154.95

     

Fire Dept

Box Strainer

11/7/02

$408.00

     

Fire Dept

Axes

12/18/02

$170.00

     

Town Hall

Printer & Calculator

8/30/02

$339.98

     

Town Hall

Chair

11/7/02

$59.86

     

Town Hall

Sound Equipment

6/26/03

$264.85

     

Town Hall

Digital Camera

1/2/03

$260.75

     
 

Total Added FY 03

$94,229.08

     
 

Items Removed from Inventory

         

Town Hall

Okidata OL 400 Printer

   

9/1/02

Outdated

$700.00

Town Hall

Computer Monitor

   

10/27/02

Broken

$204.95

Town Hall

UPS Unit

   

9/15/02

Broken

$119.95

Town Hall

UPS Unit

   

5/31/03

Broken

$183.98

Town Hall

Printer Memory (OL 400)

   

9/1/02

went w/printer

$185.00

 

Total Removed

       

$1,393.88

 

Net Added

$92,835.20