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KIRBY • BEALS • MAIER
KIRBY • BEALS • MAIER
Certified Public Accountants, PLLC CPAs, PLLC
TOWN OF GROTON
FINANCIAL STATEMENTS
DECEMBER 31, 1999
TOWN OF GROTON
Financial Statements
December 31, 1999
TABLE OF CONTENTS
IndependentAuditors' Report..........................................................................................................1
Combined Balance Sheet - All Fund Types and Account Groups...................................................2
Combined Statement of Revenues, Expenditures and Changes
in Fund Balances - All Governmental Fund Types.........................................................................3
Combined Statement of Revenues, Expenditures and Changes
in Fund Balances - Budget & Actual - General and Special Revenue Funds
Notes to the Financial Statements ................................................... 5
.................................................
Independent Auditors' Report on Additional Information............................................................14
Combining Balance Sheet - General Fund.....................................................................................15
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - General Fund...................................................................................................16
Combining Balance Sheet - Special Revenue Funds.....................................................................17
Combining Statement of Revenues, Expenditures and Changes
in Fund Balances - Special Revenue Funds...................................................................................18
KIRBY • BEALS • MAIER
Certified Public Accountants, PLLC
INDEPENDENT AUDITORS' REPORT
Supervisor and Town Board
Town of Groton
Groton, New York
221 W. Church St.
Elmira, NY 14901-2917
607-733-5548
Fax 607-737-1996
kbmcpa@exotrope.net
We have audited the accompanying general purpose financial statements of the Town of Groton,
New York, as of December 31, 1999, and for the year then ended. These general purpose financial
statements are the responsibility of the Town's management. Our responsibility is to express an
opinion on these general purpose financial statements based on our audit.
We conducted our audit in accordance with generally accepted auditing standards. Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the general
purpose financial statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the general purpose financial
statements. An audit also includes assessing the accounting principles used and significant
estimates made by management as well as evaluating the overall general purpose financial
statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the general purpose financial statements referred to in the first paragraph present
fairly, in all material respects, the financial position of the Town of Groton as of December 31,
1999, and the results of its operations for the year then ended in conformity with generally
accepted accounting principles.
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KIRBY • BEALS • MAIER
Certified Public Accountants, PLLC
September 19, 2000
Assets
Unrestricted cash
Restricted cash
Due from other governments
Prepaid expenses
Other receivables, net
Fixed assets
Provision to be made in future
budgets
Liabilities and Equity
Liabilities
Accounts payable
Accrued liabilities
Compensated absences
Agency liabilities
Deferred revenue
Total liabilities
Equity
Investment in general fixed assets
Fund balances -reserved
Encumbrances
Capital
Unemployment insurance
Excess dog control revenues
Retirement system credits
Total fund balances -reserved
Fund balances -unreserved
Appropriated -
ensuing year's budget
Unappropriated
Total fund balances -unreserved
Total fund balances
TOWN OF GROTON
Combined Balance Sheet
All Fund Types and Account Groups
D &.gember 31. 1999
Fiduciary
Governmental Fund Types Fund Type Account Groups
Special Capital Trust and General Long -Term
General Revenue Projects Agency Fixed Assets Debt
$ 314,404 $ 395,060 $ 865
8,837 $ 120,670
5,877
126,961
$ 2,436,598
$ 37,640
$ 320,281 $ 530,858 $ 120,670 $ 865 $ 2,436,598 $ 37,640
$ 6,198 $ 21,343
959 5,178
$ 37,640
$ 865
126,961
7,157 153,482 865 37,640
5,505 31,100
$ 120,670
8,837
11,755
5,877
23,137 39,937 120,670
35,000
43,500
254,987
293,939
289,987
337,439
313,124
377,376 120,670
$ 320,281 $
530,858 $ 120,670 $
$ 2,436,598
2,436,598
2,436,598
865 $ 2,436,598 $ 37,640
The accompanying notes are an integral part of these financial statements.
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TOWN OF GROTON
Combined Statement of Revenues. Exnenditures and Chances in
Fund Balances - All Governmental Fund Tvnes
For The Year Ended December 31.1999
The accompanying notes are an integral part of these financial statements.
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Governmental Fund Types
Special
Capital
General
Revenue
Projects
Revenues and other sources
Revenues
Real property taxes
$ 361,583 $
581,765
Real property tax items
6,180
Non -property tax items
905
Departmental income
2,866
Intergovernmental charges
4,033
Use of money and property
141598
11111956 $
3,847
Licenses and permits
15,285
Fines and forfeitures
11,639
Sale of property and
compensation for loss
12,276
900
Miscellaneous local sources
33
State aid
63,456
80,825
Federal aid
1633,965
4925854
9399411
311847
Other sources
Operating transfers
52,500
Retirement system credits
(461)
492,393
939,411
56,347
Expenditures
General government support
204,323
Public safety
12,933
65,000
Public health
5800
Transportation
43,978
538,944
Economic assistance and
opportunity
61,880
Culture and recreation
181,739
Home and community services
30,388
179,031
Employee benefits
33,691
33,648
408,932
816,623
Other uses
Operating transfers
52,500
Revenues and other sources over
(under) expenditures
83461
70,288
56,347
Fund balances, beginning of year
229,663
307,088
64,323
Fund balances, end of year
$ 3131,124 $
377,376 $
120,670
The accompanying notes are an integral part of these financial statements.
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Revenues and other sources
Revenues
Real property taxes
Real property tax items
Non -property tax items
Departmental income
Intergovernmental charges
Use of money and property
Licenses and permits
Fines and forfeitures
Sale of property and
compensation for loss
Miscellaneous local sources
State aid
Federal aid
Other sources
Operating transfers
Retirement system credits
Expenditures
General government support
Public safety
Public health
Transportation
Economic assistance and
opportunity
Culture and recreation
Home and community services
Employee benefits
TOWN OF GROTON
Combined Statement of Revenues. Expenditures and Changes in
Fund Balances - Budget & Actual - General and Special Revenue Fund,_
For The Year End December 31. 1999
Governmental Fund Types
General Fund
Variance
Modified favorable Modifie
Budget Actual (unfavorable) Budget
$ 361,583 $
361,583
4,600
6,180 $
1,000
905
1,650
2,866
4,350
4,033
10,500
14,598
10,450
15,285
6,000
11,639
12,178
12,276
(461)
33
47,000
63,456
459,311
492,854
51,935
(461)
459,311
492,393
256,258
204,323
14,182
12,933
58,100
58,000
45,730
43,978
7,000
6,880
29,500
18,739
36,873
30,388
50,600
33,691
498,243
408,932
Other uses
Operating transfers
Revenues and other sources over
(under) expenditures
Appropriated fund balance
Net change in unbudgeted special
revenue funds
Fund balances, beginning of year
Fund balances, end of year $
Governmental Fund Types
Special Revenue
Variance
favorable
Actual (unfavorable)
$ 581,765 $ 581,765
1,580
(95)
1,216
(317)
4,098 99,688 106,214 $ 6,526
4,835
5,639
98
900
900
33
16,456
79,295
80,825
33,543
761,648
769,704
(461)
33,082
761,648
769,704
51,935
1,249
65,000
65,000
100
1,752
643,593
538,944
120
10,761
6,485
16,909
58,914
33,648
89,311
767,507
637,592
(38,932) 83,461 $ 122,393
38,932
229,663
$ 313,124
52,500 52,500
(58,359) 79,612 $
58,359
(9,324)
307,088
$ $ 377,376
The accompanying notes are an integral part of these financial statements.
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1,530
8,056
8,056
104,649
25,266
129,915
137,971
TOWN OF GROTON
Notes to Financial Statements
December 31, 1999
1. Summary of significant accounting policies
The financial statements of the Town of Groton have been prepared in conformity with
generally accepted accounting principles (GAAP) as applied to government units. The
Governmental Accounting Standards Board (GASB) is the accepted standard setting body for
establishing governmental accounting and financial reporting principles. The Town's more
significant accounting policies are described below.
A. Reportinz entity
The Town of Groton, which was established in 1817, is governed by the Town Law and
other general municipal laws of the State of New York and various local laws. The Town
Board is the legislative body responsible for overall operations. The Town Supervisor
serves as chief executive officer and chief fiscal officer.
The following basic services are provided by the Town: fire protection, highways and
streets, recreation, public improvements, planning and zoning, and general administration.
All governmental activities and functions performed for the Town of Groton are its direct
responsibility. No other governmental organizations have been included or excluded
from the reporting entity.
The financial reporting entity consists of (a) the primary government which is the Town
of Groton (b) organizations for which the primary government is financially accountable,
and (c) other organizations for which the nature and significance of their relationship with
the primary government are such that exclusion would cause the reporting entity's general
purpose financial statements to be misleading or incomplete as set forth in GASB
Statement 14.
The decision to include a potential component unit in the Town's reporting entity is based
on several criteria set forth in GASB 14 including legal standing, fiscal dependence, and
financial accountability. Based on the application of these criteria, no other organizations
have been included or excluded from the reporting entity.
B. Fund accounting
The accounts of the Town are organized on the basis of funds or account groups, each of
which is considered a separate accounting entity. The operations of each fund are
accounted for within a separate set of self -balancing accounts that comprise its assets,
liabilities, fund balance, revenues and expenditures which are segregated for the purpose
of carrying on specific activities or attaining certain obj ectives in accordance with special
regulations, restrictions or limitations. The various funds are summarized by type in the
general purpose financial statements. The following fund types and account groups are
used:
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TOWN OF GROTON
Notes to Financial Statements
December 31, 1999
1. Summary of significant accounting policies (continued)
Governmental fund types
Governmental funds are those through which most governmental functions of the Town
are financed. The acquisition, use and balances of expendable financial resources and the
related liabilities are accounted for through governmental funds. The measurement focus
of the governmental funds is based upon determination of financial position and changes
in financial position. The following are the Town of Groton's governmental fund types:
a. General fund
The general fund is the principal operating fund and includes all operations not
required to be recorded in other funds.
The general fund, part town is used to record transactions which are required to be a
charge on the area of the town outside the village.
b. Special revenue funds
These funds account for the proceeds of specific revenue sources that are legally
restricted to expenditure for specified purposes. The following Special Revenue
Funds are utilized:
- Highway Funds - (Townwide and Parttown) established pursuant to Highway Law,
Section 141, and used to account for revenues and expenditures for highway
purposes. Highway Law, Section 277, requires that expenditures for repairs and
improvements be financed by the area outside the village. Therefore, a town with a
village must maintain two highway funds.
- Special District Funds - (Lighting District and Fire Protection District) are used to
record transactions for operations and maintenance for these activities.
- Risk Retention - established for unemployment reserves held by the Town for
reimbursement to the state for claims filed by former employees.
- Special Grant Fund - used to account for Community Development Block Grants.
c. Capital projects funds
The capital projects fund is used to account for and report financial resources to be
used for the acquisition, construction or renovation of major capital facilities, or
equipment.
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TOWN OF GROTON
Notes to Financial Statements
December 31, 1999
1. Summary of significant accounting policies (continued)
Fiduciary fund type
Trust and agency funds
These funds account for money and/or property received and held in the capacity of
trustee, custodian or agent. These include agency funds.
Account groups
Account groups are used to establish accounting control and accountability for general
fixed assets and general long-term debt. The two account groups are not "funds". They
are concerned only with the measurement of financial position, and not results of
operations.
a. General fixed assets account group
These funds account for land, buildings, improvements other than buildings, and
equipment utilized for general government purposes.
b. General long-term debt account group
These funds account for all the long-term debt of the Town.
C. Basis of accounting
Governmental funds
Governmental funds are accounted for on the modified accrual basis. Under this basis,
revenues are recognized when received except for revenues which are susceptible to accrual
(measurable and available to finance current operations) and revenues of a material amount
that have not been received at the normal time of receipt. Such revenues are accrued when
earned. In those instances where expenditures are the prime factor in determining eligibility
for State and Federal grants, revenues are recognized when the expenditures are incurred.
Expenditures are generally recognized when liabilities are incurred. Exceptions to this general
rule include:
(a) prepaid expenses are not recognized;
(b) accumulated unpaid vacation and sick pay are not accrued and the non-current portion of
retirement expense is not recognized until billed and paid;
(c) principal and interest on indebtedness is recognized when due;
(d) pension costs are recognized as an expenditure when billed by the state.
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TOWN OF GROTON
Notes to Financial Statements
December 31, 1999
Summary of significant accounting policies (continued)
Fiduciary funds
Fiduciary Funds, such as trust and agency fund transactions are accounted for on a modified
accrual basis.
Account Rroups
General fixed assets are recorded at actual cost or estimated cost, with the exception of land
and buildings, which are recorded at appraised value or, in the case of gifts and contributions,
at the fair market value at the time received. No provision for depreciation is made. General
long-term debt liabilities are recorded at the par value of the principal amount. No liability is
recorded for interest payable to maturity.
D. Property taxes
Real property taxes are levied annually by the Town of Groton no later than January 1,
and become a lien on January 1. Taxes are collected during the period January 1 to May
31.
The County of Tompkins in which the Town is located subsequently enforces uncollected
real property taxes. The County pays an amount representing uncollected real property
taxes transmitted to the County for enforcement to the Town no later than May 31.
E. Budgets and budgetary accounting
Budget policies - The budget policies are as follows:
a. No later than October 5, a tentative budget is submitted by the budget officer for the
fiscal year commencing the following January 1. The tentative budget includes
proposed expenditures and the proposed means of financing for all funds.
b. After public hearings are conducted to obtain taxpayer comments, no later than
November 20 the Town Board adopts the budget.
c. The Town Board must approve all modifications of the budget.
d. Appropriations lapse at year-end.
TOWN OF GROTON
Notes to Financial Statements
December 31, 1999
1. Summary of significant accounting policies (continued)
Encumbrances
Total for funds included
in budget comparison $
Funds not included in
budget comparison
Special grant
Risk retention
Total special revenue funds $
Fund Balance
Beginning
of Year Revenues
236,509 $ 7699704 $
Fund Balance
End
Expenditures of Year
6901092 $ 316,121
615961 1691488 1795031
85618 219 0
3075088 $ 939,411 $ 8695123 $
Wm
52,418
8,837
377,376
Encumbrance accounting, under which purchase orders, contracts and other commitments
for the expenditure of monies are recorded for budgetary control purposes to reserve that
portion of the applicable appropriations, is employed in the Governmental Funds.
Encumbrances are reported as reservations of fund balances since they do not constitute
expenditures or liabilities. Expenditures for such commitments are recorded in the period
in which the liability is incurred.
Budget basis of accounting
Budgets are adopted annually on a basis consistent with generally accepted accounting
principles. Appropriations authorized for the current year are increased by the amount of
encumbrances carried forward from the prior year.
Budgetary controls for the special grant fund are established in accordance with the
applicable grant agreement, which covers a period other than the Town of Groton's fiscal
year.
Consequently, the budgets for this fund have been excluded from the Combined Statement
of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual. In
addition, the Risk Retention Fund has been excluded from the Combined Statement of
Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual, because there
is no legally adopted annual budget. The following schedule reconciles the difference
between the two statements.
Total for funds included
in budget comparison $
Funds not included in
budget comparison
Special grant
Risk retention
Total special revenue funds $
Fund Balance
Beginning
of Year Revenues
236,509 $ 7699704 $
Fund Balance
End
Expenditures of Year
6901092 $ 316,121
615961 1691488 1795031
85618 219 0
3075088 $ 939,411 $ 8695123 $
Wm
52,418
8,837
377,376
TOWN OF GROTON
Notes to Financial Statements
December 31, 1999
1. Summary of significant accounting policies (continued)
F. Property, plant and equipment - szeneral
Fixed assets purchased for general governmental purposes are recorded as expenditures in the
governmental funds and are capitalized at cost in the general fixed asset account group.
Contributed fixed assets are recorded at fair market value at the date received.
Fixed assets consisting of certain infrastructure type improvements other than buildings,
including roads, bridges, curbs and gutters, streets and sidewalks, drainage and lighting
systems, have not been capitalized. Such assets normally are immovable and of value only to
the Town of Groton. Therefore, the purposes of stewardship for capital expenditures can be
satisfied without recording these assets.
No depreciation has been provided on general fixed assets, nor has interest on general fixed
assets construction in progress been capitalized.
H. Vacation and sick leave and compensatory absences
Town of Groton employees are granted vacation and sick leave in varying amounts. In the
event of termination or upon retirement, an employee is not entitled to payment for
accumulated vacation time. However, sick leave can be accrued up to 720 hours which is
payable upon termination or retirement.
The value of unused employee sick leave at year-end has been recorded in the General Long -
Term Debt Account Group.
Payment of sick leave recorded in the General Long -Term Debt Account group is dependent
upon many factors; therefore, timing of future payments is not readily determinable.
However, management believes that sufficient resources will be made available for the
payments of sick leave when such payment becomes due.
In addition, the Town recognizes a liability for vesting sick leave and other compensated
absences with similar characteristics and additional salary -related payments as employees
earn benefits and to the extent it is probable that the Town will compensate the employees
for the benefits through cash payments (which may be conditioned on the employees'
termination or retirement), rather than be taken as absences due to illness or other
contingencies.
The liability for compensated absences is calculated at rates in effect as of the balance sheet
date and is recorded in the governmental funds is as much as it will be funded from current
financial resources, and the general long-term debt account group for amounts to be paid
from future financial resources.
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TOWN OF GROTON
Notes to Financial Statements
December 31, 1999
2. Cash and investments
The Town of Groton's investment policies are governed by State of New York statutes. In
addition, the Town of Groton has its own written investment policy. The Town of Groton's
monies must be deposited in FDIC -insured commercial banks or trust companies located within
the state. The Supervisor is authorized to use demand accounts and certificates of deposit for
operating purposes. Permissible investments include obligations of the U.S. Treasury and U.S.
Agencies, repurchase agreements, and obligations of New York State or its localities.
Collateral is required for demand and time deposits and certificates of deposit not covered by
Federal Deposit Insurance. Obligations that may be pledged as collateral are obligations of the
United States and its agencies and obligations of the state and its municipalities and school
districts.
The written investment policy requires repurchase agreements to be purchased from banks located
within the state. The underlying securities must be obligations of the Federal government.
Underlying securities must have a market value of at least 105 percent of the cost of the
repurchase agreement.
Deposits and investments at year-end were entirely collateralized by Federal Deposit Insurance or
by collateral held by the Town of Groton's custodial bank in the Town of Groton's name. In the
financial statement all deposits including certificates of deposit are carried at cost plus accrued
interest.
Total adjusted bank balances as of December 31, 1999 were $839,836
3. Summary of changes in general fixed assets
Land
Buildings
Machinery & Equipment
4. Other receivables
Balance Balance
12/31/98 Additions Deletions 12/31/99
$ 5639000 $ 563,000
7309059 73030059
1,120,695 $ 4110241 $ 18,397 1,143,539
$ 2,41311754 $ 41,241 $ 185397 $ 2,4365598
Other receivables at December 31, 1999 consisted of the following, which are stated at net
realizable value. The Town has deemed the amounts to be fully collectible.
Fund Description Amount
Special Grant Rehabilitation loans $ 126,961
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TOWN OF GROTON
Notes to Financial Statements
December 31, 1999
5. Employees' retirement
Plan description
The Town of Groton participates in the New York State and Local Employees' Retirement
System (ERS). This is a cost sharing multiple public employer retirement system. Obligations of
employers and employees to contribute and benefits to employees are governed by the New York
State Retirement and Social Security Law (NYSRSSL). The State comptroller is sole trustee and
administrative head of the System.
The Comptroller shall adopt and may amend rules and regulations for the administration and
transaction of the business of the Systems and for the custody and control of their funds. The
Systems issues a publicly available financial report that includes financial statements and required
supplementary information. That report may be obtained by writing to the New York State and
Local Retirement Systems, Gov. Alfred E. Smith State Office Building, Albany, New York
12244.
Funding policy
The System is noncontributory except for employees who joined the New York State and Local
Employees' Retirement System after July 27, 1976 who contribute 3% of their salary. Under the
authority of the NYSRS SL, the Comptroller shall certify annually the rates expressed as
proportions of payroll of members, which shall be used in computing the contributions required to
be made by employers to the pension accumulation fund.
The Town of Groton is required to contribute at an actuarial determined rate. The required
contributions for the current year and two preceding years were:
1999 $ 484
1998 $ 784
1997 $ 19239
The Town's contributions made to the System were equal to 100 percent of the contributions
required for each year.
Since 1989, the System's billings have been based on Chapter 62 of the Laws of 1989 of the State
of New York. This legislation requires participating employers to make payments on a current
basis, while amortizing existing unpaid amounts relating to the System's fiscal years ending
March 31, 1988 and 1989 (which otherwise were to have been paid on June 30, 1989 and 1990,
respectively) over a 17 -year period, with an 8.75% interest factor added. Local governments were
given the option to prepay this liability. The Town of Groton elected to make the full payment on
December 15, 1989.
Historical trend information showing the progress in accumulating sufficient assets to pay
benefits when due is presented in the Annual Financial Report of the System. Additional detailed
information concerning the System may also be found in the Report.
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TOWN OF GROTON
Notes to Financial Statements
December 31, 1999
6. Long-term debt
The Town of Groton has compensated absences outstanding as of December 31, 1999 in the
amount of $37,640 compensated absences represents the value of earned and unused portion of
accumulated sick leave.
7. Fund equity -reserves:
The following reserves existed at December 31, 1999 for the following purposes:
Fund
Purpose
Amount
General
Encumbrance
Townwide
$ 55505
General
Dog Control
119755
General
Retirement system credits
5,877
Highway
Encumbrance
Townwide
69100
Highway
Encumbrance
Parttown
255000
Risk retention
Unemployment reserve
89837
Capital projects
Highway equipment
1205670
$ 183,744
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INDEPENDENT AUDITORS' REPORT ON
ADDITIONAL INFORMATION
Supervisor and Town Board
Town of Groton
Groton, New York
Our report on our audit of the general purpose financial statements of the Town of Groton for 1999
appears on page 1. That audit was made for the purpose of forming an opinion on the general purpose
financial statements taken as a whole. Additional information included on pages 15 through 18 is this
report is presented for purposes of additional analysis and is not a required part of the general purpose
financial statements. Such information has been sub j ected to the auditing procedures applied in the
audit of the general purpose financial statements and, in our opinion, is fairly stated in all material
respects in relation to the general purpose financial statements taken as a whole.
k 4,
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KIRBY • BEALS • MAIER
Certified Public Accountants, PLLC
September 19, 2000
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TOWN OF GROTON
Combining Balance Sheet
General Fund
December 31,1999
Town -Wide Part -Town Total
Assets
Unrestricted cash $ 2565580 $ 579824 $ 3149404
Due from other governments 0
Prepaid expenses 55877 59877
$ 2629457 $ 575824 $ 3209281
Liabilities and fund equity
Liabilities
Accounts payable $
5,421 $
777 $
69198
Accrued liabilities
891
68
959
Total liabilities
65312
845
7,157
Fund balances -reserved
Reserve for encumbrances
51,505
5,505
Reserve for excess dog control revenues
11,755
11,755
Reserve for retirement system credits
59877
55877
Total fund balances -reserved
239137
235137
Fund balances -unreserved
Appropriated for ensuing year's budget
259000
105000
359000
Unappropriated
2089008
469979
254,987
Total fund balances -unreserved
2339008
565979
2899987
Total fund balances
2561,145
565979
3135124
$
2625457 $
575824 $
3209281
See independent auditors' report on additional information.
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TOWN OF GROTON
Combining Statement of Revenues. Expenditures and Changes in
Fund Balances - General Fund
For The Year Ended December 31.1999
Town -Wide Part -Town Total
Modified Budget Actual Modified Budget Actual Modified Budget Actual
Revenues and other sources
Revenues
Real property taxes
$ 267,323 $
267,323 $
94,260 $
94,260 $
361,583 $
361,583
Real property tax items
4,600
6,180
4,600
6,180
Non -property tax items
1,000
905
1,000
905
Departmental income
1,350
2,110
300
756
1,650
2,866
Intergovernmental charges
3,600
3,600
750
433
4,350
4,033
Use of money and property
8,500
12,122
2,000
2,476
10,500
14,598
Licenses and permits
8,000
11,570
2,450
3,715
10,450
15,285
Fines and forfeitures
6,000
11,639
6,000
11,639
Sale of property and
compensation for loss
12,178
12,276
12,178
12,276
Miscellaneous local sources
33
33
State aid
47,000
63,456
47,000
63,456
358,551
390,309
100,760
102,545
459,311
492,854
Other sources
Operating transfers
Retirement system credits
(461)
(461)
358,551
389,848
100,760
102,545
459,311
492,393
Expenditures
General government support
253,471
204,203
2,787
120
256,258
204,323
Public safety
14,182
12,933
14,182
12,933
Public health
100
58,000
58,000
58,100
58,000
Transportation
45,730
43,978
45,730
43,978
Economic assistance and
opportunity
7,000
6,880
7,000
6,880
Culture and recreation
19,000
9,069
10,500
9,670
29,500
18,739
Home and community services
2,700
2,499
34,173
27,889
36,873
30,388
Employee benefits
45,300
30,314
5,300
3,377
50,600
33,691
387,483
309,876
110,760
99,056
498,243
408,932
Revenues and other sources over
(under) expenditures
(28,932)
79,972
(10,000)
3,489
(38,932)
83,461
Appropriated fund balance
28,932
10,000
38,932
Net (decrease)
$
79,972 $
3,489 $
83,461
Fund balance, beginning of year
176,173
53,490
229,663
Fund balance, end of year
$
256,145
$
56,979
$
313,124
See independent auditors' report on additional information.
-16-
TOWN OF GROTON
Combining Balance Sheet
Special Revenue Fund$
December 31. 1999
Liabilities and fund equity
Liabilities
Accounts payable $
Highway
Highway
Lighting
Special
Risk
5,178
Town -Wide
Part -Town
District
Grant Fund
Retention
Total
Assets
Total liabilities
20,749
5,355
417
126,961
Fund balances -reserved
Unrestricted cash
$ 203,639 $
119,561 $
19,442
$ 52,418
$
39531060
Restricted cash
Reserves for unemployment insurance
$
8,837
8,837
Due from other governments
6,100
25,000
Fund balances -unreserved
Other receivables, net
Appropriated for ensuing year's budget
126,961
18,500
126,961
$ 203,639 $
119,561 $
19,442
$ 179,379 $
8,837 $
530,858
Liabilities and fund equity
Liabilities
Accounts payable $
15,571 $
5,355 $
417
Accrued liabilities
5,178
Deferred revenue
$
126,961
Total liabilities
20,749
5,355
417
126,961
Fund balances -reserved
Reserves for encumbrances
6,100
25,000
Reserves for unemployment insurance
$
Total fund balances -reserved
6,100
25,000
Fund balances -unreserved
Appropriated for ensuing year's budget
25,000
18,500
Unappropriated
151,790
705706
19,025
521,418
Total fund balances -unreserved
176,790
89,206
19,025
529418
Total fund balances
182,890
114,206
19,025
52,418
$
203,639 $
119,561 $
19,442 $
179,379 $
See independent auditors' report on additional information.
- 17-
$ 21,343
5,178
126,961
153,482
31,100
8,837 8,837
8,837 39,937
43,500
293,939
337,439
8,837 3771,376
8,837 $ 530,858
TOWN OF GROTON
ombining Statement of Revenues,Expenditures and Changes in
Fund Balances - Special Revenue Funds
For The Year Ended December 31 1999
See independent auditors' report on additional information.
-18-
Fire Protection
Special
Risk
Highway Town -Wide
Highway Part -Town
Lighting District
District
Subtotal
Grant
Retention
Total
Budget
Actual
Budget
Actual
Budget
Actual
Budget
Actual
Budget
Actual
Actual
Actual
Actual
Revenues and other sources
Revenues
Real property taxes
$ 376,400 $
376,400 $
134,365 $
134,365 $
6,000 $
6,000 $
65,000 $
65,000 $
581,765 $
581,765
$
581,765
Departmental income
Use of money and property
95,488
99,020
4,200
6,433
761
99,688
106,214 $
5,523
$ 219
111,956
State aid
79,295
80,825
79,295
80,825
80,825
Federal aid
163,965
163,965
Miscellaneous local sources
Sale of property
900
900
900
900
900
472,788
476,320
217,860
221,623
6,000
6,761
65,000
65,000
761,648
769,704
169,488
219
939,411
Other sources
Operating transfers
472,788
476,320
217,860
221,623
6,000
6,761
65,000
65,000
761,648
769,704
169,488
219
939,411
Expenditures
Public safety
65,000
65,000
65,000
65,000
65,000
Transportation
415,297
345,287
222,296
188,671
6,000
4,986
-
643,593
538,944
538,944
Home and community services
179,031
179,031
Employee benefits
44,350
23,953
14,564
9,696
58,914
33,648
33,648
459,647
369,240
236,860
198,367
6,000
4,986
65,000
65,000
767,507
637,592
179,031
816,623
Other uses
Operating transfers
52,500
52,500
52,500
52,500
52,500
Revenues and other sources over
(under) expenditures
(39,359)
54,580
(19,000)
23,256
1,775
(58,359)
79,612
(9,543)
219
70,288
Appropriated fund balance
39,359
19,000
58,359
Net increase
$
54,580 $
23,256 $
1,775 $
$
79,612
(9,543)
219
70,288
Fund balance, beginning of year
128,309
90,950
17,250
236,509
61,961
8,618
307,088
Fund balance, end of year
$
182,889
$
114,206
$
19,025
$
$
316,121 $
52,418
$ 8,837 $
377,376
See independent auditors' report on additional information.
-18-