Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2022 - 05/31/2023
Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2022 - 05/31/2023
Authorization
Article 3, Section 30 of the General Municipal Law
-
Every Municipal Corporation shall annually make a report of its financial condition to the Comptroller. Such report shall be made by the Chief Fiscal Officer of such Municipal Corporation***
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All reports shall be certified by the officer making the same and shall be filed with the Comptroller*** it shall be the duty of the incumbent officer at the time such reports are required to be filed with the Comptroller to file such report***
Certification Statement
I, Lori Urbin (LG130470304160A), hereby certify that I am the Chief Financial Officer of the Village of Red Hook, and that the information provided in the Annual Financial Report of the Village of Red Hook for the fiscal year ended 05/31/2023, is true and correct to the best of my knowledge and belief.
Table of contents
Financial Statements
| Financial Statements | ..................................................................................................................... | 1 |
| A - General | .................................................................................................................. | 2 |
| ES - Enterprise Sewer | .................................................................................................................. | 19 |
| EW - Enterprise Water | .................................................................................................................. | 29 |
| H - Capital Projects | .................................................................................................................. | 39 |
| TE - Private Purpose Trust | .................................................................................................................. | 44 |
| K - General Fixed Assets | .................................................................................................................. | 49 |
| W - General Long Term Debt | .................................................................................................................. | 50 |
| Supplemental Schedules | ..................................................................................................................... | 51 |
| Statement of Indebtedness | .................................................................................................................. | 52 |
| Bond Repayment | .................................................................................................................. | 54 |
| Bank Reconciliation | .................................................................................................................. | 58 |
| Employee and Retiree Benefits | .................................................................................................................. | 61 |
Village of Red Hook Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
Financial Statements
Financial information for the following funds and accounts groups are included in the Annual Financial Report filed by your government for the fiscal year ended 2023 and has been used by the OSC as the basis for preparing this Annual Financial Report for the fiscal year ended 2023:
List of funds being used
-
A - General
-
ES - Enterprise Sewer
-
EW - Enterprise Water
-
H - Capital Projects
-
TE - Private Purpose Trust
-
K - General Fixed Assets
-
W - General Long Term Debt
All amounts included in this Annual Financial Report for 2023 represent data filed by your government with OSC as reviewed and adjusted where necessary.
OSC Municipality Code 130470304160
1
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Balance Sheet
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Assets and Deferred Outflows | |||
| Assets | |||
| Cash and Cash Equivalents | |||
| 200 - Cash | $681,766.03 | $524,337.44 | $393,563.34 |
| Total for Cash and Cash Equivalents | $681,766.03 | $524,337.44 | $393,563.34 |
| Restricted Cash and Cash Equivalents | |||
| 230 - Cash Special Reserves | $72,177.95 | $63,398.69 | $56,189.16 |
| Total for Restricted Cash and Cash Equivalents | $72,177.95 | $63,398.69 | $56,189.16 |
| Net Other Receivables | |||
| 380 - Accounts Receivable | $7,769.00 | $0.00 | $2,487.00 |
| Total for Net Other Receivables | $7,769.00 | $0.00 | $2,487.00 |
| Due From | |||
| 391 - Due From Other Funds | $144,845.00 | $144,844.79 | $79,700.36 |
| 440 - Due from Other Governments | $76,803.23 | $76,107.40 | $102,652.76 |
| sales tax, mortgage tax, town & school police | |||
| Total for Due From | $221,648.23 | $220,952.19 | $182,353.12 |
| Other Assets | |||
| 480 - Prepaid Expenses | $5,053.18 | $11,826.39 | $16,179.85 |
| Total for Other Assets | $5,053.18 | $11,826.39 | $16,179.85 |
OSC Municipality Code 130470304160
2
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Balance Sheet
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Total for Assets | $988,414.39 | $820,514.71 | $650,772.47 |
| Total for Assets and Deferred Outflows | $988,414.39 | $820,514.71 | $650,772.47 |
OSC Municipality Code 130470304160
3
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Balance Sheet
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Liabilities, Deferred Inflows and Fund Balances | |||
| Liabilities | |||
| Payables | |||
| 600 - Accounts Payable | $85,455.38 | $151,191.96 | $86,778.09 |
| 601 - Accrued Liabilities | $38,375.76 | $34,253.99 | $24,189.76 |
| 730 - Guaranty & Bid Deposits | $7,834.79 | $13,123.09 | $14,764.54 |
| Total for Payables | $131,665.93 | $198,569.04 | $125,732.39 |
| Payroll Liabilities | |||
| 710 - Consolidated Payroll | $13,270.37 | $16,796.54 | $15,603.84 |
| Total for Payroll Liabilities | $13,270.37 | $16,796.54 | $15,603.84 |
| Due to | |||
| 630 - Due To Other Funds | $77,829.60 | $47,538.45 | $15,968.95 |
| 718 - State Retirement | $137.38 | - | - |
| Total for Due to | $77,966.98 | $47,538.45 | $15,968.95 |
| Other Liabilities | |||
| 688 - Other Liabilities | $145,113.14 | $68,115.16 | - |
| ARPA | |||
| Total for Other Liabilities | $145,113.14 | $68,115.16 | $0.00 |
| Total for Liabilities | $368,016.42 | $331,019.19 | $157,305.18 |
| Fund Balance |
OSC Municipality Code 130470304160
4
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Balance Sheet
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Nonspendable Fund Balance | |||
| 806 - Not In Spendable Form | $5,053.18 | $11,826.39 | $16,179.85 |
| Total for Nonspendable Fund Balance | $5,053.18 | $11,826.39 | $16,179.85 |
| Restricted Fund Balance | |||
| 815 - Unemployment Insurance Reserve | $7,068.25 | $4,544.44 | $4,543.98 |
| 867 - Reserve for Employee Benefits and Accrued Liabilities | $3,969.72 | $1,096.18 | $3,693.29 |
| 878 - Capital Reserve | $61,139.98 | - | - |
| 899 - Other Restricted Fund Balance | - | $57,758.07 | $47,951.89 |
| Total for Restricted Fund Balance | $72,177.95 | $63,398.69 | $56,189.16 |
| Unassigned Fund Balance | |||
| 917 - Unassigned Fund Balance | $543,166.84 | $414,270.44 | $421,098.28 |
| Total for Unassigned Fund Balance | $543,166.84 | $414,270.44 | $421,098.28 |
| Total for Fund Balance | $620,397.97 | $489,495.52 | $493,467.29 |
| Total for Liabilities, Deferred Inflows and Fund Balances | $988,414.39 | $820,514.71 | $650,772.47 |
OSC Municipality Code 130470304160
5
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Revenues and Other Sources | |||
| Revenues | |||
| Property Taxes | |||
| 1001 - Real Property Taxes | $1,311,680.00 | $1,296,285.93 | $1,275,560.00 |
| Total for Property Taxes | $1,311,680.00 | $1,296,285.93 | $1,275,560.00 |
| Property Tax Items | |||
| 1081 - Other Payments In Lieu of Taxes | $14,206.80 | $13,357.80 | $12,121.28 |
| 1090 - Interest and Penalties on Real Prop Taxes | $6,473.53 | $4,099.64 | $45.35 |
| Total for Property Tax Items | $20,680.33 | $17,457.44 | $12,166.63 |
| Non-Property Tax Items | |||
| 1120 - Non Property Tax Distribution by County | $189,156.94 | $176,946.94 | $140,298.76 |
| 1170 - Franchise Tax | $42,202.21 | $39,396.72 | $41,383.03 |
| Total for Non-Property Tax Items | $231,359.15 | $216,343.66 | $181,681.79 |
| Departmental Income | |||
| 1255 - Clerk Fees | $520.00 | $387.00 | $330.00 |
| 1289 - Other General Departmental Income | $8,246.25 | $0.00 | $14,000.00 |
| 1520 - Police Fees | $707.50 | $747.50 | $225.00 |
| 1689 - Other Health Departmental Income | $9,360.43 | $15,847.90 | $15,570.70 |
| 2110 - Zoning Fees | $35,769.85 | $27,448.75 | $27,556.60 |
| 2130 - Refuse and Garbage Charges | $32,617.20 | $35,361.06 | $36,516.00 |
| Total for Departmental Income | $87,221.23 | $79,792.21 | $94,198.30 |
OSC Municipality Code 130470304160
6
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Intergovernmental Charges | |||
| 2260 - Public Safety Services Other Governments | $244,559.52 | $186,956.57 | $156,644.86 |
| Police (Town of Red Hook & Village of Tivoli, RHCSD) | |||
| 2262 - Fire Protection Services Other Governments | $24,779.54 | $37,757.05 | $41,826.70 |
| RH Fire Co | |||
| 2389 - Miscellaneous Revenue Other Governments | $641.92 | - | - |
| NYCOM Scholarship | |||
| Total for Intergovernmental Charges | $269,980.98 | $224,713.62 | $198,471.56 |
| Use of Money and Property | |||
| 2401 - Interest and Earnings | $2,549.98 | $88.65 | $129.13 |
| 2410 - Rental of Real Property | $124,612.61 | $124,495.51 | $122,123.63 |
| 2414 - Rental of Equipment | $250.00 | - | - |
| 2440 - Rental Other | $5,000.00 | - | - |
| Solar | |||
| Total for Use of Money and Property | $132,412.59 | $124,584.16 | $122,252.76 |
| Licenses and Permits | |||
| 2590 - Permits Other | - | $10.00 | $25.00 |
| Total for Licenses and Permits | $0.00 | $10.00 | $25.00 |
| Fines and Forfeitures | |||
| 2610 - Fines and Forfeited Bail | $40,772.50 | $32,327.00 | $33,029.00 |
| 2625 - Forfeiture of Crime Proceeds | - | $32.96 | - |
| Total for Fines and Forfeitures | $40,772.50 | $32,359.96 | $33,029.00 |
| Sales of Property and Compensation for Loss |
OSC Municipality Code 130470304160
7
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| 2650 - Sales of Scrap and Excess Materials | $4,014.60 | $21,848.95 | $4,832.75 |
| 2665 - Sales of Equipment | $585.00 | - | - |
| 2680 - Insurance Recoveries | $12,427.23 | $16,291.37 | $21,073.79 |
| Total for Sales of Property and Compensation for Loss | $17,026.83 | $38,140.32 | $25,906.54 |
| Other Revenues | |||
| 2701 - Refunds of Prior Year Expenditures | $112.44 | $1,407.67 | $2,034.69 |
| 2705 - Gifts and Donations | - | $276.00 | - |
| 2706 - Grants From Local Governments | - | $17,881.00 | $0.00 |
| 2750 - AIM Related Payments | $9,582.00 | $9,582.00 | $9,582.00 |
| 2770 - Unclassified | $1,807.50 | - | - |
| OSC 3/29/23 | |||
| Total for Other Revenues | $11,501.94 | $29,146.67 | $11,616.69 |
| State Aid | |||
| 3001 - State Aid Revenue Sharing | - | - | $0.00 |
| 3005 - State Aid Mortgage Tax | $25,061.00 | $18,625.04 | $19,511.76 |
| 3501 - State Aid Consolidated Highway Aid | $146,768.21 | $36,040.80 | $60,495.17 |
| Total for State Aid | $171,829.21 | $54,665.84 | $80,006.93 |
| Total for Revenues | $2,294,464.76 | $2,113,499.81 | $2,034,915.20 |
| Other Sources | |||
| Operating Transfers | |||
| 5031 - Interfund Transfers | - | $65,000.00 | $65,000.00 |
OSC Municipality Code 130470304160
8
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Total for Operating Transfers | $0.00 | $65,000.00 | $65,000.00 |
| Proceeds of Obligations | |||
| 5710 - Serial Bonds | - | $0.00 | - |
| Total for Proceeds of Obligations | $0.00 | $0.00 | $0.00 |
| Total for Other Sources | $0.00 | $65,000.00 | $65,000.00 |
| Total for Revenues and Other Sources | $2,294,464.76 | $2,178,499.81 | $2,099,915.20 |
OSC Municipality Code 130470304160
9
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Expenditures and Other Uses | |||
| Expenditures | |||
| General Government Support | |||
| Legislative Board | |||
| 10101 - Legislative Board - Personal Services | $29,230.49 | $23,907.52 | $29,076.57 |
| 10104 - Legislative Board - Contractual | $455.00 | $12.00 | - |
| Total for Legislative Board | $29,685.49 | $23,919.52 | $29,076.57 |
| Judicial | |||
| 11101 - Municipal Court - Personal Services | $47,997.28 | $46,109.77 | $47,200.69 |
| 11104 - Municipal Court - Contractual | $9,127.59 | $7,232.47 | $7,162.47 |
| Total for Judicial | $57,124.87 | $53,342.24 | $54,363.16 |
| Executive | |||
| 12101 - Mayor - Personal Services | $13,672.49 | $13,724.87 | $14,143.95 |
| 12104 - Mayor - Contractual | $1,103.25 | $275.14 | $357.07 |
| Total for Executive | $14,775.74 | $14,000.01 | $14,501.02 |
| Finance | |||
| 13204 - Auditor - Contractual | $10,000.00 | $2,800.00 | $5,038.25 |
| 13251 - Treasurer - Personal Services | $28,949.63 | $14,542.82 | $9,623.60 |
| 13254 - Treasurer - Contractual | $15,274.55 | - | $51.01 |
| Total for Finance | $54,224.18 | $17,342.82 | $14,712.86 |
OSC Municipality Code 130470304160
10
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Municipal Staff | |||
| 14101 - Clerk - Personal Services | $25,294.67 | $37,409.06 | $39,635.58 |
| 14104 - Clerk - Contractual | $20,314.96 | $22,707.66 | $30,415.12 |
| 14204 - Law - Contractual | $43,974.06 | $30,690.25 | $28,746.32 |
| 14404 - Engineer - Contractual | - | $0.00 | $3,001.25 |
| 14501 - Elections - Personal Services | $300.00 | $300.00 | - |
| 14504 - Elections - Contractual | $159.07 | $224.94 | $270.00 |
| 14804 - Public Information and Services - Contractual | $11,111.40 | $11,084.90 | $10,935.00 |
| Total for Municipal Staff | $101,154.16 | $102,416.81 | $113,003.27 |
| Shared Services | |||
| 16204 - Operation of Plant - Contractual | $71,197.06 | $60,383.14 | $56,575.84 |
| 16404 - Central Garage - Contractual | $11,362.69 | $7,511.83 | $9,728.35 |
| 16704 - Central Printing and Mailing - Contractual | $183.95 | - | - |
| 16804 - Central Data Processing - Contractual | $18,689.92 | $38,782.72 | $13,214.62 |
| Total for Shared Services | $101,433.62 | $106,677.69 | $79,518.81 |
| Special Items | |||
| 19104 - Unallocated Insurance - Contractual | $49,994.84 | $39,766.75 | $39,689.55 |
| 19204 - Municipal Association Dues - Contractual | $1,816.00 | $2,266.00 | $1,241.00 |
| 19894 - General Government Support, Other - Contractual | $10,127.97 | $13,503.96 | $13,503.96 |
| Cell Tower | |||
| Total for Special Items | $61,938.81 | $55,536.71 | $54,434.51 |
| Total for General Government Support | $420,336.87 | $373,235.80 | $359,610.20 |
OSC Municipality Code 130470304160
11
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Public Safety | |||
| Law Enforcement | |||
| 31201 - Police - Personal Services | $484,144.18 | $414,686.38 | $387,005.13 |
| 31202 - Police - Equipment and Capital Outlay | - | $6,900.16 | $0.00 |
| 31204 - Police - Contractual | $63,010.97 | $51,023.47 | $40,375.75 |
| Total for Law Enforcement | $547,155.15 | $472,610.01 | $427,380.88 |
| Traffic Control | |||
| 33101 - Traffic Control - Personal Services | - | $2,212.75 | $3,877.66 |
| Total for Traffic Control | $0.00 | $2,212.75 | $3,877.66 |
| Fire Protection | |||
| 34104 - Fire Protection - Contractual | $120,305.00 | $117,153.55 | $87,815.34 |
| Total for Fire Protection | $120,305.00 | $117,153.55 | $87,815.34 |
| Total for Public Safety | $667,460.15 | $591,976.31 | $519,073.88 |
| Transportation | |||
| Highway | |||
| 51101 - Maintenance of Roads - Personal Services | $138,761.42 | $165,912.59 | $135,907.69 |
| 51102 - Maintenance of Roads - Equipment and Capital Outlay | $7,855.18 | $34,465.23 | $0.00 |
| 51104 - Maintenance of Roads - Contractual | - | $53,432.29 | $79,967.78 |
| 51122 - Permanent Improvements Highway - Equipment and | $146,768.21 | $36,040.80 | $47,560.39 |
| Capital Outlay | |||
| 51124 - Permanent Improvements Highway - Contractual | $66,194.98 | - | $12,934.78 |
OSC Municipality Code 130470304160
12
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| 51404 - Brush And Weeds - Contractual | $9,000.00 | $8,400.00 | - |
| 51421 - Snow Removal - Personal Services | $8,885.28 | $9,094.11 | $12,727.00 |
| 51424 - Snow Removal - Contractual | $25,439.29 | $22,463.36 | $31,636.77 |
| 51824 - Street Lighting - Contractual | $63,639.74 | $61,540.58 | $58,040.46 |
| Total for Highway | $466,544.10 | $391,348.96 | $378,774.87 |
| Total for Transportation | $466,544.10 | $391,348.96 | $378,774.87 |
| Culture and Recreation | |||
| Recreation | |||
| 71104 - Parks - Contractual | $1,914.31 | $401.52 | $716.17 |
| Total for Recreation | $1,914.31 | $401.52 | $716.17 |
| Culture | |||
| 75504 - Celebrations - Contractual | $5,566.95 | $2,540.07 | $1,669.35 |
| 76104 - Programs for the Aging - Contractual | $1,500.00 | - | $1,500.00 |
| 76204 - Adult Recreation - Contractual | $2,000.00 | $1,000.00 | $1,000.00 |
| 79894 - Culture And Recreation, Other - Contractual | $1,215.54 | $170.00 | - |
| Public Art Space | |||
| Total for Culture | $10,282.49 | $3,710.07 | $4,169.35 |
| Total for Culture and Recreation | $12,196.80 | $4,111.59 | $4,885.52 |
| Home and Community Services | |||
| General Environment | |||
| 80101 - Zoning - Personal Services | $65,049.88 | $70,627.86 | $71,815.23 |
OSC Municipality Code 130470304160
13
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| 80104 - Zoning - Contractual | $2,118.50 | $19,619.60 | $9,158.62 |
| Total for General Environment | $67,168.38 | $90,247.46 | $80,973.85 |
| Sanitation | |||
| 81601 - Refuse and Garbage - Personal Services | $17,673.96 | $16,337.91 | $16,494.71 |
| 81604 - Refuse and Garbage - Contractual | $13,170.01 | $14,142.81 | $11,572.61 |
| Total for Sanitation | $30,843.97 | $30,480.72 | $28,067.32 |
| Community Environment | |||
| 85104 - Community Beautification - Contractual | $6,749.22 | $3,208.69 | $1,994.94 |
| 85604 - Shade Trees - Contractual | $12,859.90 | $8,900.00 | $14,200.00 |
| Total for Community Environment | $19,609.12 | $12,108.69 | $16,194.94 |
| Community Development | |||
| 86764 - Provisions for Public Services - Contractual | $2,996.25 | - | - |
| Total for Community Development | $2,996.25 | $0.00 | $0.00 |
| Total for Home and Community Services | $120,617.72 | $132,836.87 | $125,236.11 |
| Employee Benefits | |||
| Employee Benefits | |||
| 90108 - State Retirement System - Employee Benefits | $27,599.52 | $48,274.16 | $48,130.34 |
| 90158 - Police Retirement - Employee Benefits | $86,721.00 | $81,438.00 | $75,263.84 |
| 90308 - Social Security - Employee Benefits | $65,699.49 | $61,223.83 | $57,801.33 |
| 90408 - Workers' Compensation - Employee Benefits | $71,085.72 | $69,164.01 | $80,856.15 |
OSC Municipality Code 130470304160
14
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| 90458 - Life Insurance - Employee Benefits | - | $0.00 | $1,794.65 |
| 90558 - Disability Insurance - Employee Benefits | $3,669.28 | - | - |
| 90608 - Hospital, Medical and Dental Insurance - Employee | $184,606.39 | $155,512.59 | $117,155.32 |
| Benefits | |||
| 90898 - Employee Benefits, Other (Specify) - Employee Benefits | $10,995.00 | $11,316.23 | $4,635.72 |
| losap | |||
| Total for Employee Benefits | $450,376.40 | $426,928.82 | $385,637.35 |
| Total for Employee Benefits | $450,376.40 | $426,928.82 | $385,637.35 |
| Debt Service | |||
| Debt Service | |||
| 97106 - Serial Bonds - Debt Principal | $23,144.07 | $245,144.09 | $249,108.20 |
| 97107 - Serial Bonds - Debt Interest | $3,203.16 | $9,248.79 | $17,554.41 |
| Total for Debt Service | $26,347.23 | $254,392.88 | $266,662.61 |
| Total for Debt Service | $26,347.23 | $254,392.88 | $266,662.61 |
| Total for Expenditures | $2,163,879.27 | $2,174,831.23 | $2,039,880.54 |
| Total for Expenditures and Other Uses | $2,163,879.27 | $2,174,831.23 | $2,039,880.54 |
OSC Municipality Code 130470304160
15
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Changes in Fund Balance
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Analysis of Changes in Fund Balance | |||
| 8021 - Fund Balance - Beginning of Year | $489,495.52 | $493,467.19 | $437,399.05 |
| 8012 - Prior Period Adjustment OR Change in Accounting | $316.96 | - | - |
| Principle - Increase in Fund Balance | |||
| Voided check done in prior period | |||
| 8015 - Prior Period Adjustment OR Change in Accounting | - | $7,640.25 | $3,966.52 |
| Principle - Decrease in Fund Balance | |||
| 8022 - Restated Fund Balance - Beginning of Year | $489,812.48 | $485,826.94 | $433,432.53 |
| Add Revenues and Other Sources | $2,294,464.76 | $2,178,499.81 | $2,099,915.20 |
| Deduct Expenditures and Other Uses | $2,163,879.27 | $2,174,831.23 | $2,039,880.54 |
| 8029 - Fund Balance - End of Year | $620,397.97 | $489,495.52 | $493,467.19 |
OSC Municipality Code 130470304160
16
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Adopted Budget Summary
| 05/31/2024 | 05/31/2023 | 05/31/2022 | |
|---|---|---|---|
| Estimated Revenues and Other Sources | |||
| Estimated Revenue | |||
| 1049 - Est Rev - Property Taxes | $1,369,370.00 | $1,311,680.00 | $1,291,680.00 |
| 1099 - Est Rev - Property Tax Items | $18,100.00 | $17,100.00 | $17,600.00 |
| 1199 - Est Rev - Non-Property Tax Items | $173,000.00 | $140,000.00 | $109,500.00 |
| 2399 - Est Rev - Intergovernmental Charges | $369,850.00 | $395,050.00 | $404,500.00 |
| 2499 - Est Rev - Use of Money and Property | $131,000.00 | $125,750.00 | $135,600.00 |
| 2649 - Est Rev - Fines and Forfeitures | $41,900.00 | $42,000.00 | $48,500.00 |
| 2699 - Est Rev - Sales of Property and Compensation for Loss | $4,500.00 | $7,000.00 | $5,000.00 |
| 2799 - Est Rev - Other Revenues | $79,600.00 | $1,000.00 | $1,000.00 |
| 2801 - Est Rev - Interfund Revenues | - | - | $65,000.00 |
| 3099 - Est Rev - State Aid | - | $123,500.00 | $123,100.00 |
| Total for Estimated Revenue | $2,187,320.00 | $2,163,080.00 | $2,201,480.00 |
| Total for Estimated Revenues and Other Sources | $2,187,320.00 | $2,163,080.00 | $2,201,480.00 |
OSC Municipality Code 130470304160
17
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
A - General Adopted Budget Summary
| 05/31/2024 | 05/31/2023 | 05/31/2022 | |
|---|---|---|---|
| Estimated Appropriations and Other Uses | |||
| Estimated Appropriations | |||
| 1999 - App - General Government Support | $438,020.00 | $488,950.00 | $387,400.00 |
| 2999 - App - Education | $17,000.00 | $14,000.00 | $16,000.00 |
| 3999 - App - Public Safety | $682,183.70 | $602,795.00 | $553,000.00 |
| 5999 - App - Transportation | $394,500.00 | $424,900.00 | $403,300.00 |
| 7999 - App - Culture and Recreation | $12,800.00 | $10,500.00 | $8,500.00 |
| 8999 - App - Home and Community Services | $154,400.00 | $129,225.00 | $111,750.00 |
| 9199 - App - Employee Benefits | $456,500.00 | $465,000.00 | $458,350.00 |
| 9899 - App - Debt Service | $19,416.30 | $27,710.00 | $263,180.00 |
| Total for Estimated Appropriations | $2,174,820.00 | $2,163,080.00 | $2,201,480.00 |
| Estimated Other Uses | |||
| 962 - Other Budgetary Purposes | $12,500.00 | - | - |
| Total for Estimated Other Uses | $12,500.00 | $0.00 | $0.00 |
| Total for Estimated Appropriations and Other Uses | $2,187,320.00 | $2,163,080.00 | $2,201,480.00 |
OSC Municipality Code 130470304160
18
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
ES - Enterprise Sewer Statement of Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Assets and Deferred Outflows | |||
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | |||
| 200 - Cash | $55,779.11 | $3,395.72 | $29,148.54 |
| Total for Cash and Cash Equivalents | $55,779.11 | $3,395.72 | $29,148.54 |
| Net Other Receivables | |||
| 380 - Accounts Receivable | $66,855.85 | - | - |
| Total for Net Other Receivables | $66,855.85 | $0.00 | $0.00 |
| Due From | |||
| 391 - Due From Other Funds | $23,830.21 | - | - |
| Total for Due From | $23,830.21 | $0.00 | $0.00 |
| Total for Current Assets | $146,465.17 | $3,395.72 | $29,148.54 |
| Non-Current Assets | |||
| Non-Depreciable Capital Assets | |||
| 105 - Construction Work In Progress | $7,743,831.01 | $1,609,964.56 | $746,582.72 |
| Total for Non-Depreciable Capital Assets | $7,743,831.01 | $1,609,964.56 | $746,582.72 |
| Total for Non-Current Assets | $7,743,831.01 | $1,609,964.56 | $746,582.72 |
OSC Municipality Code 130470304160
19
Village of Red Hook Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
ES - Enterprise Sewer Statement of Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Total for Assets | $7,890,296.18 | $1,613,360.28 | $775,731.26 |
| Total for Assets and Deferred Outflows | $7,890,296.18 | $1,613,360.28 | $775,731.26 |
OSC Municipality Code 130470304160
20
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
ES - Enterprise Sewer Statement of Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Liabilities, Deferred Inflows and Net Position | |||
| Liabilities | |||
| Current Liabilities | |||
| Payables | |||
| 600 - Accounts Payable | $443,869.18 | $393,759.34 | $27,898.90 |
| Total for Payables | $443,869.18 | $393,759.34 | $27,898.90 |
| Total for Current Liabilities | $443,869.18 | $393,759.34 | $27,898.90 |
| Long-Term Obligations | |||
| Notes Payable | |||
| 626 - Bond Anticipation Notes Payable | $6,770,617.73 | $690,634.24 | $165,342.79 |
| Total for Notes Payable | $6,770,617.73 | $690,634.24 | $165,342.79 |
| Total for Long-Term Obligations | $6,770,617.73 | $690,634.24 | $165,342.79 |
| Total for Liabilities | $7,214,486.91 | $1,084,393.58 | $193,241.69 |
| Net Position | |||
| Restricted Net Position | |||
| 920 - Net Assets Invested in Capital Assets Net of Related Debt | $973,213.28 | $1,609,964.56 | $578,239.43 |
| Total for Restricted Net Position | $973,213.28 | $1,609,964.56 | $578,239.43 |
OSC Municipality Code 130470304160
21
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
ES - Enterprise Sewer Statement of Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Unrestricted Net Position | |||
| 924 - Net Assets Unrestricted Deficit | ($297,404.01) | ($1,080,997.86) | $4,250.14 |
| Total for Unrestricted Net Position | ($297,404.01) | ($1,080,997.86) | $4,250.14 |
| Total for Net Position | $675,809.27 | $528,966.70 | $582,489.57 |
| Total for Liabilities, Deferred Inflows and Net Position | $7,890,296.18 | $1,613,360.28 | $775,731.26 |
OSC Municipality Code 130470304160
22
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
ES - Enterprise Sewer Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Revenues and Other Sources | |||
| Revenues | |||
| Property Taxes | |||
| 1030 - Special Assessments | $12,000.00 | $3,000.00 | - |
| Total for Property Taxes | $12,000.00 | $3,000.00 | $0.00 |
| Departmental Income | |||
| 2120 - Sewer Rents | $15,617.96 | - | - |
| 2122 - Sewer Charges | $140,724.61 | $0.00 | - |
| 2128 - Interest and Penalties on Sewer Accounts | $481.86 | - | - |
| Total for Departmental Income | $156,824.43 | $0.00 | $0.00 |
| Total for Revenues | $168,824.43 | $3,000.00 | $0.00 |
| Other Sources | |||
| Operating Transfers | |||
| 5031 - Interfund Transfers | $44,468.45 | $23,000.00 | $25,000.00 |
| Total for Operating Transfers | $44,468.45 | $23,000.00 | $25,000.00 |
| Total for Other Sources | $44,468.45 | $23,000.00 | $25,000.00 |
| Total for Revenues and Other Sources | $213,292.88 | $26,000.00 | $25,000.00 |
OSC Municipality Code 130470304160
23
Village of Red Hook Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
ES - Enterprise Sewer Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Expenditures and Other Uses | |||
| Expenditures | |||
| General Government Support | |||
| Self Insurance | |||
| 17104 - Self Insurance, Administration - Contractual | - | - | $0.00 |
| Total for Self Insurance | $0.00 | $0.00 | $0.00 |
| Special Items | |||
| 19504 - Taxes and Assessments on Municipal Property - | $263.99 | - | - |
| Contractual | |||
| Total for Special Items | $263.99 | $0.00 | $0.00 |
| Total for General Government Support | $263.99 | $0.00 | $0.00 |
| Home and Community Services | |||
| Sewage | |||
| 81201 - Sanitary Sewers - Personal Services | - | $21,508.99 | - |
| 81204 - Sanitary Sewers - Contractual | $52,755.93 | $13,128.09 | $42,704.89 |
| 81304 - Sewage Treatment and Disposal - Contractual | $3,930.89 | $2,274.00 | - |
| Total for Sewage | $56,686.82 | $36,911.08 | $42,704.89 |
| Total for Home and Community Services | $56,686.82 | $36,911.08 | $42,704.89 |
| Debt Service |
OSC Municipality Code 130470304160
24
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
ES - Enterprise Sewer Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Debt Service | |||
| 97107 - Serial Bonds - Debt Interest | $9,500.00 | $3,500.00 | $0.00 |
| Total for Debt Service | $9,500.00 | $3,500.00 | $0.00 |
| Total for Debt Service | $9,500.00 | $3,500.00 | $0.00 |
| Total for Expenditures | $66,450.81 | $40,411.08 | $42,704.89 |
| Total for Expenditures and Other Uses | $66,450.81 | $40,411.08 | $42,704.89 |
OSC Municipality Code 130470304160
25
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
ES - Enterprise Sewer Changes in Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Analysis of Changes in Net Position | |||
| 8021 - Net Position - Beginning of Year | $528,966.70 | $582,490.17 | $600,195.06 |
| 8012 - Prior Period Adjustment OR Change in Accounting | - | $0.00 | - |
| Principle - Increase in Net Position | |||
| 8015 - Prior Period Adjustment OR Change in Accounting | - | $39,112.39 | - |
| Principle - Decrease in Net Position | |||
| 8022 - Restated Net Position - Beginning of Year | $528,966.70 | $543,377.78 | $600,195.06 |
| Add Revenues and Other Sources | $213,292.88 | $26,000.00 | $25,000.00 |
| Deduct Expenditures and Other Uses | $66,450.81 | $40,411.08 | $42,704.89 |
| 8029 - Net Position - End of Year | $675,808.77 | $528,966.70 | $582,490.17 |
OSC Municipality Code 130470304160
26
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
ES - Enterprise Sewer Adopted Budget Summary
| 05/31/2024 | 05/31/2023 | 05/31/2022 | |
|---|---|---|---|
| Estimated Revenues and Other Sources | |||
| Estimated Revenue | |||
| 2199 - Est Rev - Departmental Income | $315,965.00 | - | - |
| Total for Estimated Revenue | $315,965.00 | $0.00 | $0.00 |
| Estimated Other Sources | |||
| 5099 - Est Rev - Operating Transfers | $25,000.00 | - | - |
| Total for Estimated Other Sources | $25,000.00 | $0.00 | $0.00 |
| Total for Estimated Revenues and Other Sources | $340,965.00 | $0.00 | $0.00 |
OSC Municipality Code 130470304160
27
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
ES - Enterprise Sewer Adopted Budget Summary
| 05/31/2024 | 05/31/2023 | 05/31/2022 | |
|---|---|---|---|
| Estimated Appropriations and Other Uses | |||
| Estimated Appropriations | |||
| 1999 - App - General Government Support | $41,500.00 | - | - |
| 8999 - App - Home and Community Services | $299,465.00 | - | - |
| Total for Estimated Appropriations | $340,965.00 | $0.00 | $0.00 |
| Total for Estimated Appropriations and Other Uses | $340,965.00 | $0.00 | $0.00 |
OSC Municipality Code 130470304160
28
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
EW - Enterprise Water Statement of Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Assets and Deferred Outflows | |||
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | |||
| 200 - Cash | $323,405.45 | $200,977.20 | $172,318.74 |
| Total for Cash and Cash Equivalents | $323,405.45 | $200,977.20 | $172,318.74 |
| Restricted Cash and Cash Equivalents | |||
| 230 - Cash Special Reserves | $152,558.24 | $151,762.80 | $151,731.58 |
| Total for Restricted Cash and Cash Equivalents | $152,558.24 | $151,762.80 | $151,731.58 |
| Net Other Receivables | |||
| 380 - Accounts Receivable | $98,353.22 | $96,727.40 | $94,594.86 |
| Total for Net Other Receivables | $98,353.22 | $96,727.40 | $94,594.86 |
| Due From | |||
| 391 - Due From Other Funds | $71,772.29 | $47,393.66 | $15,969.10 |
| Total for Due From | $71,772.29 | $47,393.66 | $15,969.10 |
| Total for Current Assets | $646,089.20 | $496,861.06 | $434,614.28 |
| Non-Current Assets | |||
| Non-Depreciable Capital Assets |
OSC Municipality Code 130470304160
29
Village of Red Hook Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
EW - Enterprise Water Statement of Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| 105 - Construction Work In Progress | $3,950,203.00 | $3,950,203.00 | $3,950,203.00 |
| Total for Non-Depreciable Capital Assets | $3,950,203.00 | $3,950,203.00 | $3,950,203.00 |
| Depreciable Capital Assets | |||
| 104 - Machinery and Equipment | $4,801,285.00 | $16,748.00 | $16,915.00 |
| 106 - Infrastructure | $15,498.00 | $5,114,580.00 | $5,427,885.00 |
| Total for Depreciable Capital Assets | $4,816,783.00 | $5,131,328.00 | $5,444,800.00 |
| Total for Non-Current Assets | $8,766,986.00 | $9,081,531.00 | $9,395,003.00 |
| Total for Assets | $9,413,075.20 | $9,578,392.06 | $9,829,617.28 |
| Deferred Outflows | |||
| Deferred Outflows of Resources | |||
| 496 - Deferred Outflow of Resources Pensions | $193,831.00 | $7,848.00 | $7,848.00 |
| Total for Deferred Outflows of Resources | $193,831.00 | $7,848.00 | $7,848.00 |
| Total for Deferred Outflows | $193,831.00 | $7,848.00 | $7,848.00 |
| Total for Assets and Deferred Outflows | $9,606,906.20 | $9,586,240.06 | $9,837,465.28 |
OSC Municipality Code 130470304160
30
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
EW - Enterprise Water Statement of Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Liabilities, Deferred Inflows and Net Position | |||
| Liabilities | |||
| Current Liabilities | |||
| Payables | |||
| 600 - Accounts Payable | $46,994.58 | $18,719.20 | $55,540.90 |
| 601 - Accrued Liabilities | $576.67 | $259.78 | ($1,959.09) |
| Total for Payables | $47,571.25 | $18,978.98 | $53,581.81 |
| Due to | |||
| 630 - Due To Other Funds | $162,617.69 | $144,700.00 | $79,700.00 |
| Total for Due to | $162,617.69 | $144,700.00 | $79,700.00 |
| Total for Current Liabilities | $210,188.94 | $163,678.98 | $133,281.81 |
| Long-Term Obligations | |||
| Other Long-Term Obligations | |||
| 638 - Net Pension Liability Proportionate Share | $193,831.00 | $2,944.00 | $2,944.00 |
| 683 - Other Post Employment Benefits | $42,231.00 | $42,231.00 | $42,231.00 |
| Total for Other Long-Term Obligations | $236,062.00 | $45,175.00 | $45,175.00 |
| Debt Obligations | |||
| 628 - Bonds Payable | $2,396,000.00 | $2,442,000.00 | $2,444,000.00 |
| Total for Debt Obligations | $2,396,000.00 | $2,442,000.00 | $2,444,000.00 |
OSC Municipality Code 130470304160
31
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
EW - Enterprise Water Statement of Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Total for Long-Term Obligations | $2,632,062.00 | $2,487,175.00 | $2,489,175.00 |
| Total for Liabilities | $2,842,250.94 | $2,650,853.98 | $2,622,456.81 |
| Deferred Inflows | |||
| Deferred Inflows of Resources | |||
| 697 - Deferred Inflow of Resources Pensions | $4,726.00 | $9,630.00 | $9,630.00 |
| Total for Deferred Inflows of Resources | $4,726.00 | $9,630.00 | $9,630.00 |
| Total for Deferred Inflows | $4,726.00 | $9,630.00 | $9,630.00 |
| Net Position | |||
| Restricted Net Position | |||
| 920 - Net Assets Invested in Capital Assets Net of Related Debt | $6,370,986.00 | $6,639,642.67 | $6,951,003.00 |
| 921 - Net Assets Restricted for Capital Projects | $152,558.24 | $151,731.58 | $151,731.58 |
| Total for Restricted Net Position | $6,523,544.24 | $6,791,374.25 | $7,102,734.58 |
| Unrestricted Net Position | |||
| 924 - Net Assets Unrestricted Deficit | $236,382.02 | $134,381.83 | $102,643.89 |
| Total for Unrestricted Net Position | $236,382.02 | $134,381.83 | $102,643.89 |
| Total for Net Position | $6,759,926.26 | $6,925,756.08 | $7,205,378.47 |
| Total for Liabilities, Deferred Inflows and Net Position | $9,606,903.20 | $9,586,240.06 | $9,837,465.28 |
OSC Municipality Code 130470304160
32
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
EW - Enterprise Water Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Revenues and Other Sources | |||
| Revenues | |||
| Departmental Income | |||
| 2140 - Metered Water Sales | $574,205.80 | $550,563.19 | $530,939.29 |
| 2142 - Unmetered Water Sales | $1,945.65 | $1,600.00 | $2,252.67 |
| 2144 - Water Service Charges | $5,000.00 | $2,500.00 | $21,607.98 |
| 2148 - Interest and Penalties on Water Rents | $5,960.71 | $2,249.60 | $3,856.43 |
| Total for Departmental Income | $587,112.16 | $556,912.79 | $558,656.37 |
| Use of Money and Property | |||
| 2401 - Interest and Earnings | $1,478.33 | $48.09 | $170.14 |
| Total for Use of Money and Property | $1,478.33 | $48.09 | $170.14 |
| Federal Aid | |||
| 4989 - Federal Aid Other Home and Community Services | $23,053.00 | - | - |
| Total for Federal Aid | $23,053.00 | $0.00 | $0.00 |
| Total for Revenues | $611,643.49 | $556,960.88 | $558,826.51 |
| Total for Revenues and Other Sources | $611,643.49 | $556,960.88 | $558,826.51 |
OSC Municipality Code 130470304160
33
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
EW - Enterprise Water Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Expenditures and Other Uses | |||
| Expenditures | |||
| General Government Support | |||
| Special Items | |||
| 19104 - Unallocated Insurance - Contractual | $26,500.00 | $25,500.00 | $24,800.00 |
| 19944 - Depreciation - Contractual | $314,545.00 | $313,305.00 | $313,472.00 |
| Total for Special Items | $341,045.00 | $338,805.00 | $338,272.00 |
| Total for General Government Support | $341,045.00 | $338,805.00 | $338,272.00 |
| Home and Community Services | |||
| Water | |||
| 83101 - Water Administration - Personal Services | $51,475.70 | $53,388.35 | $44,835.71 |
| 83104 - Water Administration - Contractual | $34,543.89 | $32,563.31 | $18,167.40 |
| 83108 - Water Administration - Employee Benefits | $57,847.56 | $56,078.76 | $50,838.71 |
| 83204 - Water Source of Supply, Power and Pumping - | $124,958.82 | $134,657.75 | $149,407.81 |
| Contractual | |||
| 83304 - Water Purification - Contractual | $43,580.45 | $21,698.00 | $4,844.26 |
| 83404 - Water Transportation and Distribution - Contractual | $14,560.00 | - | - |
| Total for Water | $326,966.42 | $298,386.17 | $268,093.89 |
| Total for Home and Community Services | $326,966.42 | $298,386.17 | $268,093.89 |
| Debt Service |
OSC Municipality Code 130470304160
34
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
EW - Enterprise Water Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Debt Service | |||
| 97107 - Serial Bonds - Debt Interest | $64,949.53 | $65,836.23 | $63,218.71 |
| Total for Debt Service | $64,949.53 | $65,836.23 | $63,218.71 |
| Total for Debt Service | $64,949.53 | $65,836.23 | $63,218.71 |
| Total for Expenditures | $732,960.95 | $703,027.40 | $669,584.60 |
| Other Uses | |||
| Interfund Transfers | |||
| Interfund Transfers | |||
| 99019 - Transfers to Other Funds - Interfund Transfer | $44,468.45 | $88,000.00 | $90,000.00 |
| To sewer | |||
| Total for Interfund Transfers | $44,468.45 | $88,000.00 | $90,000.00 |
| Total for Interfund Transfers | $44,468.45 | $88,000.00 | $90,000.00 |
| Total for Other Uses | $44,468.45 | $88,000.00 | $90,000.00 |
| Total for Expenditures and Other Uses | $777,429.40 | $791,027.40 | $759,584.60 |
OSC Municipality Code 130470304160
35
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
EW - Enterprise Water Changes in Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Analysis of Changes in Net Position | |||
| 8021 - Net Position - Beginning of Year | $6,925,754.56 | $7,205,379.00 | $7,431,475.23 |
| 8015 - Prior Period Adjustment OR Change in Accounting | - | $45,557.92 | $25,339.53 |
| Principle - Decrease in Net Position | |||
| 8022 - Restated Net Position - Beginning of Year | $6,925,754.56 | $7,159,821.08 | $7,406,135.70 |
| Add Revenues and Other Sources | $611,643.49 | $556,960.88 | $558,826.51 |
| Deduct Expenditures and Other Uses | $777,429.40 | $791,027.40 | $759,584.60 |
| 8029 - Net Position - End of Year | $6,759,968.65 | $6,925,754.56 | $7,205,379.00 |
OSC Municipality Code 130470304160
36
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
EW - Enterprise Water Adopted Budget Summary
| 05/31/2024 | 05/31/2023 | 05/31/2022 | |
|---|---|---|---|
| Estimated Revenues and Other Sources | |||
| Estimated Revenue | |||
| 2199 - Est Rev - Departmental Income | $556,000.00 | - | - |
| 2499 - Est Rev - Use of Money and Property | $100.00 | - | - |
| Total for Estimated Revenue | $556,100.00 | $0.00 | $0.00 |
| Total for Estimated Revenues and Other Sources | $556,100.00 | $0.00 | $0.00 |
OSC Municipality Code 130470304160
37
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
EW - Enterprise Water Adopted Budget Summary
| 05/31/2024 | 05/31/2023 | 05/31/2022 | |
|---|---|---|---|
| Estimated Appropriations and Other Uses | |||
| Estimated Appropriations | |||
| 1999 - App - General Government Support | $38,280.00 | - | - |
| 8999 - App - Home and Community Services | $271,789.75 | - | - |
| 9199 - App - Employee Benefits | $84,500.00 | - | - |
| Total for Estimated Appropriations | $394,569.75 | $0.00 | $0.00 |
| Estimated Other Uses | |||
| 9899 - App - Debt Service | $136,530.25 | - | - |
| 9999 - App - Interfund Transfers | $25,000.00 | - | - |
| Total for Estimated Other Uses | $161,530.25 | $0.00 | $0.00 |
| Total for Estimated Appropriations and Other Uses | $556,100.00 | $0.00 | $0.00 |
OSC Municipality Code 130470304160
38
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
H - Capital Projects Balance Sheet
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Assets and Deferred Outflows | |||
| Total for Assets and Deferred Outflows | $0.00 | $0.00 | $0.00 |
OSC Municipality Code 130470304160
39
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
H - Capital Projects Balance Sheet
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Liabilities, Deferred Inflows and Fund Balances | |||
| Total for Liabilities, Deferred Inflows and Fund Balances | $0.00 | $0.00 | $0.00 |
OSC Municipality Code 130470304160
40
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
H - Capital Projects Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Revenues and Other Sources | |||
| Other Sources | |||
| Proceeds of Obligations | |||
| 5710 - Serial Bonds | - | $40,000.00 | - |
| Total for Proceeds of Obligations | $0.00 | $40,000.00 | $0.00 |
| Total for Other Sources | $0.00 | $40,000.00 | $0.00 |
| Total for Revenues and Other Sources | $0.00 | $40,000.00 | $0.00 |
OSC Municipality Code 130470304160
41
Village of Red Hook Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
H - Capital Projects Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Expenditures and Other Uses | |||
| Expenditures | |||
| Public Safety | |||
| Law Enforcement | |||
| 31202 - Police - Equipment and Capital Outlay | - | $40,000.00 | - |
| Total for Law Enforcement | $0.00 | $40,000.00 | $0.00 |
| Total for Public Safety | $0.00 | $40,000.00 | $0.00 |
| Total for Expenditures | $0.00 | $40,000.00 | $0.00 |
| Total for Expenditures and Other Uses | $0.00 | $40,000.00 | $0.00 |
OSC Municipality Code 130470304160
42
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
H - Capital Projects Changes in Fund Balance
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Analysis of Changes in Fund Balance | |||
| 8021 - Fund Balance - Beginning of Year | $0.00 | $0.00 | $0.00 |
| 8022 - Restated Fund Balance - Beginning of Year | $0.00 | $0.00 | - |
| Add Revenues and Other Sources | $0.00 | $40,000.00 | $0.00 |
| Deduct Expenditures and Other Uses | $0.00 | $40,000.00 | $0.00 |
| 8029 - Fund Balance - End of Year | $0.00 | $0.00 | $0.00 |
OSC Municipality Code 130470304160
43
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
TE - Private Purpose Trust Statement of Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Assets and Deferred Outflows | |||
| Assets | |||
| Cash and Cash Equivalents | |||
| 200 - Cash | $16,254.60 | $15,594.57 | $6,603.77 |
| Total for Cash and Cash Equivalents | $16,254.60 | $15,594.57 | $6,603.77 |
| Total for Assets | $16,254.60 | $15,594.57 | $6,603.77 |
| Total for Assets and Deferred Outflows | $16,254.60 | $15,594.57 | $6,603.77 |
OSC Municipality Code 130470304160
44
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
TE - Private Purpose Trust Statement of Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Liabilities, Deferred Inflows and Net Position | |||
| Net Position | |||
| Restricted Net Position | |||
| 923 - Net Assets Restricted for Other Purposes | $16,254.60 | $15,594.57 | $6,603.77 |
| Village Green & Hardscrabble | |||
| Total for Restricted Net Position | $16,254.60 | $15,594.57 | $6,603.77 |
| Total for Net Position | $16,254.60 | $15,594.57 | $6,603.77 |
| Total for Liabilities, Deferred Inflows and Net Position | $16,254.60 | $15,594.57 | $6,603.77 |
OSC Municipality Code 130470304160
45
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
TE - Private Purpose Trust Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Revenues and Other Sources | |||
| Revenues | |||
| Miscellaneous | |||
| 2705 - Gifts and Donations | $2,900.08 | $25,523.35 | - |
| Total for Miscellaneous | $2,900.08 | $25,523.35 | $0.00 |
| Total for Revenues | $2,900.08 | $25,523.35 | $0.00 |
| Total for Revenues and Other Sources | $2,900.08 | $25,523.35 | $0.00 |
OSC Municipality Code 130470304160
46
Village of Red Hook Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
TE - Private Purpose Trust Results of Operations
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Expenditures and Other Uses | |||
| Expenditures | |||
| General Government Support | |||
| Special Items | |||
| 19454 - Other Private-Purpose Activities - Contractual | $2,240.05 | $16,532.55 | - |
| Hard Scrabble | |||
| Total for Special Items | $2,240.05 | $16,532.55 | $0.00 |
| Total for General Government Support | $2,240.05 | $16,532.55 | $0.00 |
| Total for Expenditures | $2,240.05 | $16,532.55 | $0.00 |
| Total for Expenditures and Other Uses | $2,240.05 | $16,532.55 | $0.00 |
OSC Municipality Code 130470304160
47
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
TE - Private Purpose Trust Changes in Net Position
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Analysis of Changes in Net Position | |||
| 8021 - Net Position - Beginning of Year | $15,594.57 | $6,603.77 | $0.00 |
| 8012 - Prior Period Adjustment OR Change in Accounting | - | - | $6,603.77 |
| Principle - Increase in Net Position | |||
| 8022 - Restated Net Position - Beginning of Year | $15,594.57 | $6,603.77 | $6,603.77 |
| Add Revenues and Other Sources | $2,900.08 | $25,523.35 | $0.00 |
| Deduct Expenditures and Other Uses | $2,240.05 | $16,532.55 | $0.00 |
| 8029 - Net Position - End of Year | $16,254.60 | $15,594.57 | $6,603.77 |
OSC Municipality Code 130470304160
48
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
K - General Fixed Assets Schedule of Non-Current Government Assets
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Non-Current Assets | |||
| Depreciable Capital Assets | |||
| 102 - Buildings | $1,356,690.00 | $1,421,233.00 | $2,663,300.00 |
| 104 - Machinery and Equipment | $1,043,880.00 | $1,050,800.00 | $769,799.00 |
| 106 - Infrastructure | $6,976,393.00 | $6,976,393.00 | $12,829,420.60 |
| Total for Depreciable Capital Assets | $9,376,963.00 | $9,448,426.00 | $16,262,519.60 |
| Accumulated Depreciation | |||
| 112 - Accumulated Depreciation Buildings | ($1,306,610.00) | ($1,242,068.00) | ($754,612.00) |
| 114 - Accumulated Depreciation Machinery and Equipment | ($1,142,875.00) | ($1,135,955.00) | ($773,670.00) |
| 116 - Accumulated Depreciation Infrastructure | ($5,786,861.00) | ($5,786,861.00) | ($6,951,621.00) |
| Total for Accumulated Depreciation | ($8,236,346.00) | ($8,164,884.00) | ($8,479,903.00) |
| Other Non-Current Assets | |||
| 108 - Net Pension Asset Proportionate Share | $73,748.00 | $74,369.00 | - |
| Total for Other Non-Current Assets | $73,748.00 | $74,369.00 | $0.00 |
| Total for Non-Current Assets | $1,214,365.00 | $1,357,911.00 | $7,782,616.60 |
OSC Municipality Code 130470304160
49
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
W - General Long Term Debt Schedule of Non-Current Government Liabilities
| 05/31/2023 | 05/31/2022 | 05/31/2021 | |
|---|---|---|---|
| Long-Term Obligations | |||
| Debt Obligations | |||
| 628 - Bonds Payable | $28,927.50 | $47,812.50 | $298,990.00 |
| Total for Debt Obligations | $28,927.50 | $47,812.50 | $298,990.00 |
| Other Long-Term Obligations | |||
| 638 - Net Pension Liability Proportionate Share | $73,748.00 | $70,804.00 | $240,699.00 |
| 687 - Compensated Absences | $33,363.34 | $173,572.99 | $148,308.00 |
| Total for Other Long-Term Obligations | $107,111.34 | $244,376.99 | $389,007.00 |
| Total for Long-Term Obligations | $136,038.84 | $292,189.49 | $687,997.00 |
OSC Municipality Code 130470304160
50
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
Supplemental Schedules
The Supplemental Schedules includes the following schedules:
-
Statement of Indebtedness
-
Bond Repayment
-
Bank Reconciliation
-
Employee and Retiree Benefits
OSC Municipality Code 130470304160
51
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
Statement of Indebtedness Debt Summary
|Debt Type|Beginning Balance|Debt Issued|Principal Paid|Paid From debt Proceeds|Accreted Interest|Prior Year Adjustment|Ending Balance| |---|---|---|---|---|---|---|---| |Bond|$0.00|$0.00|$71,144.07|$0.00|$0.00|$2,496,071.57|$2,424,927.50| |Bond Anticipation Note|$0.00|$6,079,983.49|$0.00|$0.00|$0.00|$690,634.24|$6,770,617.73| |Total|$0.00|$6,079,983.49|$71,144.07|$0.00|$0.00|$3,186,705.81|$9,195,545.23|
OSC Municipality Code 130470304160
52
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
Statement of Indebtedness Debt Records
|Debt Type/ Purpose|Lender Name|Issue Date|Maturity Date|Beginning Balance|Debt Issued|Principal Paid|Paid From Debt Proceeds|Prior Year Adjustment|Accreted Interest|Ending Balance| |---|---|---|---|---|---|---|---|---|---|---| |Bond Backhoe||1/31/17|1/31/23|$0.00|$0.00|$6,258.57|$0.00|$6,258.57|$0.00|$0.00| |Bond Snowplow||12/12/17|12/12/27|$0.00|$0.00|$8,885.50|$0.00|$53,313.00|$0.00|$44,427.50| |Bond Police Truck||6/14/21|6/14/26|$0.00|$0.00|$8,000.00|$0.00|$40,000.00|$0.00|$32,000.00| |Bond Water System|USDA|9/24/14|5/31/53|$0.00|$0.00|$24,000.00|$0.00|$1,023,000.00|$0.00|$999,000.00| |Bond Water Phase 2|USDA|8/22/18|5/31/68|$0.00|$0.00|$24,000.00|$0.00|$1,373,500.00|$0.00|$1,349,500.00| |Bond Anticipation Note Sewer System|EFC|3/23/22|9/11/23|$0.00|$6,079,983.49|$0.00|$0.00|$690,634.24|$0.00|$6,770,617.73|
OSC Municipality Code 130470304160
53
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
Bond Repayment
| Fiscal Year Ending | Bond Principal Due | Bond Interest Due | Total Due | Remaining Principal Balance |
|---|---|---|---|---|
| 2024 | $67,885.50 | $62,322.05 | $130,207.55 | $2,357,042.00 |
| 2025 | $69,385.50 | $60,492.85 | $129,878.35 | $2,287,656.50 |
| 2026 | $70,385.50 | $58,888.38 | $129,273.88 | $2,217,271.00 |
| 2027 | $72,385.50 | $49,192.49 | $121,577.99 | $2,144,885.50 |
| 2028 | $64,885.50 | $55,575.31 | $120,460.81 | $2,080,000.00 |
| 2029 | $58,000.00 | $54,126.88 | $112,126.88 | $2,022,000.00 |
| 2030 | $59,000.00 | $52,645.18 | $111,645.18 | $1,963,000.00 |
| 2031 | $61,000.00 | $51,112.05 | $112,112.05 | $1,902,000.00 |
| 2032 | $62,000.00 | $49,557.50 | $111,557.50 | $1,840,000.00 |
| 2033 | $64,000.00 | $47,951.88 | $111,951.88 | $1,776,000.00 |
| 2034 | $66,000.00 | $46,295.01 | $112,295.01 | $1,710,000.00 |
| 2035 | $67,500.00 | $44,596.88 | $112,096.88 | $1,642,500.00 |
| 2036 | $69,500.00 | $42,849.69 | $112,349.69 | $1,573,000.00 |
OSC Municipality Code 130470304160
54
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
| Fiscal Year Ending | Bond Principal Due | Bond Interest Due | Total Due | Remaining Principal Balance |
|---|---|---|---|---|
| 2037 | $70,500.00 | $41,053.44 | $111,553.44 | $1,502,500.00 |
| 2038 | $73,000.00 | $39,865.94 | $112,865.94 | $1,429,500.00 |
| 2039 | $75,000.00 | $37,319.38 | $112,319.38 | $1,354,500.00 |
| 2040 | $76,500.00 | $35,373.75 | $111,873.75 | $1,278,000.00 |
| 2041 | $79,000.00 | $33,379.06 | $112,379.06 | $1,199,000.00 |
| 2042 | $82,000.00 | $30,587.50 | $112,587.50 | $1,117,000.00 |
| 2043 | $83,500.00 | $29,478.76 | $112,978.76 | $1,033,500.00 |
| 2044 | $86,000.00 | $26,277.19 | $112,277.19 | $947,500.00 |
| 2045 | $88,500.00 | $24,030.62 | $112,530.62 | $859,000.00 |
| 2046 | $91,000.00 | $21,717.19 | $112,717.19 | $768,000.00 |
| 2047 | $93,000.00 | $19,346.88 | $112,346.88 | $675,000.00 |
| 2048 | $95,500.00 | $16,911.88 | $112,411.88 | $579,500.00 |
| 2049 | $98,000.00 | $12,585.62 | $110,585.62 | $481,500.00 |
| 2050 | $101,000.00 | $10,044.30 | $111,044.30 | $380,500.00 |
OSC Municipality Code 130470304160
55
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
| Fiscal Year Ending | Bond Principal Due | Bond Interest Due | Total Due | Remaining Principal Balance |
|---|---|---|---|---|
| 2051 | $104,000.00 | $7,083.62 | $111,083.62 | $276,500.00 |
| 2052 | $86,500.00 | $6,890.62 | $93,390.62 | $190,000.00 |
| 2053 | $61,500.00 | $4,992.21 | $66,492.21 | $128,500.00 |
| 2054 | $63,500.00 | $3,039.07 | $66,539.07 | $65,000.00 |
| 2055 | $65,000.00 | $1,023.44 | $66,023.44 | $0.00 |
| 2056 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2057 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2058 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2059 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2060 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2061 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2062 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2063 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2064 | $0.00 | $0.00 | $0.00 | $0.00 |
OSC Municipality Code 130470304160
56
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
| Fiscal Year Ending | Bond Principal Due | Bond Interest Due | Total Due | Remaining Principal Balance |
|---|---|---|---|---|
| 2065 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2066 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2067 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2068 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total | $2,424,927.50 | $1,076,606.62 | $3,501,534.12 | |
| $2,424,927.50 Total Bond Ending Balance for Statement of Indebtedness. |
OSC Municipality Code 130470304160
57
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
Bank Reconciliation
Accounts
| Account No. | Account Type | Associated Fund(s) | Bank Balance | Deposits In Transit | Outstanding Checks | Adjustments | Total |
|---|---|---|---|---|---|---|---|
| 3874 | Checking | A | $7,834.79 | $0.00 | $0.00 | $0.00 | $7,834.79 |
| 182 | Checking | A | $3,969.72 | $0.00 | $0.00 | $0.00 | $3,969.72 |
| 410 | Checking | EW | $326,359.54 | $102.94 | ($3,057.03) | $0.00 | $323,405.45 |
| 1088 | Checking | ES | $58,254.11 | $0.00 | ($2,475.00) | $0.00 | $55,779.11 |
| 5772 | Checking | TE | $8,580.60 | $0.00 | $0.00 | $0.00 | $8,580.60 |
| 493 | Checking | TE | $7,674.32 | $0.00 | $0.00 | $0.00 | $7,674.32 |
| 3258 | Savings | EW | $17,805.46 | $0.00 | $0.00 | $0.00 | $17,805.46 |
| 3943 | Savings | EW | $134,752.78 | $0.00 | $0.00 | $0.00 | $134,752.78 |
| 399 | Checking | A | $35,383.03 | $0.00 | ($1,046.98) | $0.00 | $34,336.05 |
| 366 | Checking | A | $657,056.29 | $0.00 | ($17,461.10) | $0.00 | $639,595.19 |
| 4066 | Savings | A | $5,060.34 | $2,500.00 | $0.00 | $0.00 | $7,560.34 |
| 3938 | Savings | A | $14,663.45 | $2,500.00 | $0.00 | $0.00 | $17,163.45 |
OSC Municipality Code 130470304160
58
Village of Red Hook
Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
| Accounts | Accounts | Accounts | Accounts | Accounts | Accounts | Accounts | Accounts |
|---|---|---|---|---|---|---|---|
| Account No. | Account Type | Associated Fund(s) | Bank Balance | Deposits In Transit | Outstanding Checks | Adjustments | Total |
| 4058 | Savings | A | $26,325.51 | $2,500.00 | $0.00 | $0.00 | $28,825.51 |
| 3844 | Savings | A | $3,296.89 | $0.00 | $0.00 | $0.00 | $3,296.89 |
| 3422 | Savings | A | $3,316.11 | $0.00 | $0.00 | $0.00 | $3,316.11 |
| 3406 | Savings | A | $4,568.25 | $2,500.00 | $0.00 | $0.00 | $7,068.25 |
| 3399 | Savings | A | $977.68 | $0.00 | $0.00 | $0.00 | $977.68 |
| Total | $1,315,878.87 | $10,102.94 | ($24,040.11) | $0.00 | $1,301,941.70 | ||
| $1,301,941.38 | |||||||
| Total Cash From Financials |
OSC Municipality Code 130470304160
59
Village of Red Hook Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
Bank Reconciliation
Collateralization of Cash
Investments and Collateralization of Investments
| Collateralization of Cash | |
|---|---|
| Total Bank Balance | $1,315,878.87 |
| FDIC Insurance | $500,000.00 |
| Collateralized with Securities held in possession of the | |
| municipality or its agent or otherwise secured | $1,718,563.00 |
| Total of FDIC Insurance and Collateralized with | |
| securities held in possession of the municipality or its | |
| agent or otherwise secured | $2,218,563.00 |
| Investments and Collateralization of Investments | |
|---|---|
| Investments From Financials | $0.00 |
| Market Value as of Fiscal Year End Date | $0.00 |
| Collateralized with Securities held in possession of the | |
| municipality or its agent or otherwise secured | $0.00 |
OSC Municipality Code 130470304160
60
Village of Red Hook Annual Financial Report
For the Fiscal Period 06/01/2022 - 05/31/2023
Employee and Retiree Benefits
Total Number
| Full Time Employees | Part Time Employees | Part Time Employees | Volunteers with Paid Benefits | Volunteers with Paid Benefits | Volunteers with Paid Benefits | Retirees with Paid Benefits | Retirees with Paid Benefits | Retirees with Paid Benefits |
|---|---|---|---|---|---|---|---|---|
| 9 | 17 | 2 | ||||||
| Number Receving Benefits | ||||||||
| Benefit | Amount | Full Time | Part Time | Volunteer | Retiree | |||
| State Retirement System | $27,599.52 | 6 | ||||||
| Police Retirement | $86,721.00 | 3 | 6 | |||||
| Fire Retirement | ||||||||
| Local Pension Fund | ||||||||
| Social Security | $65,699.49 | 9 | 17 | |||||
| Worker's Compensation | $71,085.72 | 9 | 17 | |||||
| Life Insurance | ||||||||
| Unemployment Insurance | ||||||||
| Disability Insurance | $3,669.28 | 0 | 0 | 0 | ||||
| Hospital, Medical and Dental Insurance | $184,606.39 | 6 | 0 | 2 | ||||
| Union Welfare Benefits | ||||||||
| Supplemental Benefit Payments to Disabled Firefighters | ||||||||
| Employee Benefits,Other | $10,995.00 | 0 | 0 | 0 | ||||
| Total Employee Benefits Paid | ||||||||
| $450,376.40 |
OSC Municipality Code 130470304160
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