Village of Red Hook Monthly Reports — September 2024

1 versions2024-10-07working document

Versions

12024-10-07
Village of Red Hook Monthly Reports — September 2024
working documentmeeting · 2024-10-07

Document

Open original on source site View version history →Meeting on 2024-10-07 →

Village of Red Hook Village Green Committee Monthly Report September 2024

Trees have been ordered and we are waiting on hearing about our delivery date. If growing availability is similar to last year, we can expect to be planting the first week of November. If you are interested in Joining for planting day (many hands make work light) Please reach out.

Residents and businesses interested in having a tree(s) planted on their adjacent Village Street or NYS highway right-of-way ’ s, volunteering for planting days, or sponsoring a VGC beautification project, please contact myself, Kym Bradley-Rickard, or Jen Cavanaugh - Village Clerk.

We are actively recruiting members. If you are interested in giving back to your community but don ’ t have a lot of time to give this may be the perfect committee for you!

Village of Red Hook Sewer Department Monthly Report September 2024

We meet every other Friday and are currently going over the next steps of Phase II which, the draft IUP and reviewing the Sewer Use code, as well as connected documents for the Town ’ s Sewer district. If you have concerns about the expansion and/or are currently in the Sewer Use Area and have comments, concerns, etc. please do not hesitate to reach out. There is also the expression of interest form up on our website if you are wanting to connect into the sewer (capacity required). It will put you on our list of places to consider and puts you on our radar.

For current Sewer rates please see attached report.

As a reminder to all residents whether you are in the Sewer Use Area or not be kind to your pipes! Please put only 3 P ’ s in the toilet: Pee, Poop and (Toilet) Paper and while in “ ” the kitchen (or near other drains) no Fats, Oils, or Grease FOG – they clog up the pipes and make the system stressed. What goes down the drain matters!

If you are in the sewer use area and the emergency alarm goes off, call the Village Sewer Operator (845) 758-1081, option 8. Press the “ Silence Alarm ” button ONLY AFTER notifying the Sewer Operator. Please do not open the box or tamper with Village owned equipment.

Village of Red Hook Speed Limit Initiative

Monthly Report September 2024

We are still waiting for updated reports from the engineer who was waiting on data from the County.

Village of Red Hook Town of Red Hook Greenway and Trails Committee Monthly Report September 2024

The town has been certified as a Sustainable Community by Audubon International in which the trails is a large component of that (as well as the little art boxes around). The extension of Saw Kill trail is almost done which includes 400+ ft of bog bridging, a split rail fence entrance which connects Look out Loop and the outlet to Aspinwall Road. They worked the last week of September with many volunteers and Winnakee Land Trust on building the small footbridge.

Also the Cookingham Farm trails are almost ready – although not open yet the trail signs are in and last I checked were waiting for installment along the trail. I have yet to walk the trails myself but the committee will is planning to do so in an official capacity prior to their official opening to the public. If you are in around the trail, please respect the closed signs.

Village of Red Hook Climate Smart Communities Monthly Report September 2024

The taskforce should hear back soon from CCE about the assessment we undertook. But during the month of September, we officially joined forced with the Town and are members of ICLEI and will work with them to get our Greenhouse Gas Emissions Inventory done (hopefully the baseline and an update). As part of our membership with ICLEI we will have access to their library of resources and their GHG Emissions inventory Tool which will make this process much smoother. Additionally at the beginning of the month, we were involved with helping the quarterly Repair Café and are working to create a full cycle of item headed to the landfill and instead work on dismantling with tools in order to destruct it and then send it to local artists to become reinvented. If you are interested in having a small item, which has been deconstructed for an art project, please reach out and we can coordinate the process. Past items that have been deconstructed are: Vacuum cleaner, Rotary telephone, computer tower, DVD player etc. all items were headed to the landfill and instead played a crucial part in the repair café.

Changes between versions

2024-05-31→2024-10-07

substantive change+89 −195

The document scope was reduced by removing the 'H - Capital Projects' fund and several table of contents page references were renumbered.

Removed 'H - Capital Projects' from the list of funds being used
Removed 'H - Capital Projects' from the Table of Contents
Table of Contents page numbers reindexed (e.g., 'W - Schedule of Non-Current Government Liabilities' changed from page 52 to 47; 'Employee and Retiree Benefits' changed from page 62 to 57)

Show red-line diff

**Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024** Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **Authorization** Article 3, Section 30 of the General Municipal Law 1. ***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*** 5. 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 05/31/2024, 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|..................................................................................................................|30| |H - Capital Projects|..................................................................................................................|41| |TE - Private Purpose Trust|..................................................................................................................|4641| |K - Schedule of Non-Current Government Assets|..................................................................................................................|5146| |W - Schedule of Non-Current Government Liabilities|..................................................................................................................|5247| |Supplemental Schedules|.....................................................................................................................|5348| |Statement of Indebtedness|..................................................................................................................|5449| |Bond Repayment|..................................................................................................................|5651| |Bank Reconciliation|..................................................................................................................|5954| |Employee and Retiree Benefits|..................................................................................................................|6257| Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **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 2024 and has been used by the OSC as the basis for preparing this Annual Financial Report for the fiscal year ended 2024: List of funds being used - A - General - ES - Enterprise Sewer - EW - Enterprise Water - H - Capital Projects - TE - Private Purpose Trust - K - Schedule of Non-Current Government Assets - W - Schedule of Non-Current Government Liabilities All amounts included in this Annual Financial Report for 2024 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 06/01/2023 - 05/31/2024 ## **A - General Balance Sheet** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Assets and Deferred Outflows**|||| |**Assets**|||| |**Cash and Cash Equivalents**|||| |200 - Cash|$814,773.38|$681,766.03|$524,337.44| |**Total for Cash and Cash Equivalents**|**$814,773.38**|**$681,766.03**|**$524,337.44**| |**Restricted Cash and Cash Equivalents**|||| |230 - Cash Special Reserves|$53,756.00|$72,177.95|$63,398.69| |**Total for Restricted Cash and Cash Equivalents**|**$53,756.00**|**$72,177.95**|**$63,398.69**| |**Restricted Investments**|||| |461 - Service Award Program Assets|$207,164.86|$193,518.38|-| |**Total for Restricted Investments**|**$207,164.86**|**$193,518.38**|**$0.00**| |**Net Other Receivables**|||| |380 - Accounts Receivable|$13,052.00|$7,769.00|$0.00| |**Total for Net Other Receivables**|**$13,052.00**|**$7,769.00**|**$0.00**| |**Due From**|||| |391 - Due From Other Funds|$154,845.00|$144,845.00|$144,844.79| |440 - Due from Other Governments|$73,787.73|$76,803.23|$76,107.40| |_RH, Tiv, RHSD_|||| |**Total for Due From**|**$228,632.73**|**$221,648.23**|**$220,952.19**| OSC Municipality Code 130470304160 2 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Balance Sheet** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Other Assets**|||| |480 - Prepaid Expenses|-|$5,053.18|$11,826.39| |**Total for Other Assets**|**$0.00**|**$5,053.18**|**$11,826.39**| |**Total for Assets**|**$1,317,378.97**|**$1,181,932.77**|**$820,514.71**| |**Total for Assets and Deferred Outflows**|**$1,317,378.97**|**$1,181,932.77**|**$820,514.71**| OSC Municipality Code 130470304160 3 ## Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Balance Sheet** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Liabilities, Deferred Inflows and Fund Balances**|||| |**Liabilities**|||| |**Payables**|||| |600 - Accounts Payable|$201,809.74|$85,455.38|$151,191.96| |601 - Accrued Liabilities|$47,972.59|$38,375.76|$34,253.99| |730 - Guaranty & Bid Deposits|$7,382.38|$7,834.79|$13,123.09| |**Total for Payables**|**$257,164.71**|**$131,665.93**|**$198,569.04**| |**Payroll Liabilities**|||| |710 - Consolidated Payroll|-|$13,270.37|$16,796.54| |**Total for Payroll Liabilities**|**$0.00**|**$13,270.37**|**$16,796.54**| |**Due to**|||| |630 - Due To Other Funds|$101,587.09|$77,829.60|$47,538.45| |718 - State Retirement|-|$137.38|-| |**Total for Due to**|**$101,587.09**|**$77,966.98**|**$47,538.45**| |**Other Liabilities**|||| |688 - Other Liabilities|$121,713.56|$145,113.14|$68,115.16| |_ARPA_|||| |**Total for Other Liabilities**|**$121,713.56**|**$145,113.14**|**$68,115.16**| |**Total for Liabilities**|**$480,465.36**|**$368,016.42**|**$331,019.19**| |**Fund Balance**|||| OSC Municipality Code 130470304160 4 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Balance Sheet** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Nonspendable Fund Balance**|||| |806 - Not In Spendable Form|-|$5,053.18|$11,826.39| |**Total for Nonspendable Fund Balance**|**$0.00**|**$5,053.18**|**$11,826.39**| |**Restricted Fund Balance**|||| |815 - Unemployment Insurance Reserve|$7,256.74|$7,068.25|$4,544.44| |867 - Reserve for Employee Benefits and Accrued Liabilities|$12,719.32|$3,969.72|$1,096.18| |878 - Capital Reserve|$33,779.94|$61,139.98|-| |895 - Restricted for Service Award Program|$207,194.86|$193,518.38|-| |899 - Other Restricted Fund Balance|-|-|$57,758.07| |**Total for Restricted Fund Balance**|**$260,950.86**|**$265,696.33**|**$63,398.69**| |**Unassigned Fund Balance**|||| |917 - Unassigned Fund Balance|$575,962.75|$543,166.84|$414,270.44| |**Total for Unassigned Fund Balance**|**$575,962.75**|**$543,166.84**|**$414,270.44**| |**Total for Fund Balance**|**$836,913.61**|**$813,916.35**|**$489,495.52**| |**Total for Liabilities, Deferred Inflows and Fund Balances**|**$1,317,378.97**|**$1,181,932.77**|**$820,514.71**| OSC Municipality Code 130470304160 5 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Revenues and Other Sources**|||| |**Revenues**|||| |**Property Taxes**|||| |1001 - Real Property Taxes|$1,369,370.00|$1,311,680.00|$1,296,285.93| |**Total for Property Taxes**|**$1,369,370.00**|**$1,311,680.00**|**$1,296,285.93**| |**Property Tax Items**|||| |1081 - Other Payments In Lieu of Taxes|$15,119.97|$14,206.80|$13,357.80| |1090 - Interest and Penalties on Real Prop Taxes|$8,445.59|$6,473.53|$4,099.64| |**Total for Property Tax Items**|**$23,565.56**|**$20,680.33**|**$17,457.44**| |**Non-Property Tax Items**|||| |1120 - Non Property Tax Distribution by County|$134,516.99|$189,156.94|$176,946.94| |1170 - Franchise Tax|$39,502.38|$42,202.21|$39,396.72| |**Total for Non-Property Tax Items**|**$174,019.37**|**$231,359.15**|**$216,343.66**| |**Departmental Income**|||| |1255 - Clerk Fees|$670.40|$520.00|$387.00| |1289 - Other General Departmental Income|$7,733.55|$8,246.25|$0.00| |1520 - Police Fees|$475.00|$707.50|$747.50| |1689 - Other Health Departmental Income|$7,130.91|$9,360.43|$15,847.90| |2110 - Zoning Fees|$43,955.80|$35,769.85|$27,448.75| |2130 - Refuse and Garbage Charges|$34,191.20|$32,617.20|$35,361.06| |**Total for Departmental Income**|**$94,156.86**|**$87,221.23**|**$79,792.21**| OSC Municipality Code 130470304160 6 Village of Red Hook ## Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Intergovernmental Charges**|||| |2260 - Public Safety Services Other Governments|$307,758.41|$244,559.52|$186,956.57| |_Town, Tivoli, & School_|||| |2262 - Fire Protection Services Other Governments|$17,460.89|$24,779.54|$37,757.05| |_Town_|||| |2389 - Miscellaneous Revenue Other Governments|$1,000.00|$641.92|-| |_Central Hudson Heat Pump Refund_|||| |**Total for Intergovernmental Charges**|**$326,219.30**|**$269,980.98**|**$224,713.62**| |**Use of Money and Property**|||| |2401 - Interest and Earnings|$35,811.10|($7,554.71)|$88.65| |2410 - Rental of Real Property|$128,525.36|$124,612.61|$124,495.51| |2414 - Rental of Equipment|$5,500.00|$250.00|-| |2440 - Rental Other|-|$5,000.00|-| |**Total for Use of Money and Property**|**$169,836.46**|**$122,307.90**|**$124,584.16**| |**Licenses and Permits**|||| |2590 - Permits Other|-|-|$10.00| |**Total for Licenses and Permits**|**$0.00**|**$0.00**|**$10.00**| |**Fines and Forfeitures**|||| |2610 - Fines and Forfeited Bail|$42,947.55|$40,772.50|$32,327.00| |2625 - Forfeiture of Crime Proceeds|-|-|$32.96| |**Total for Fines and Forfeitures**|**$42,947.55**|**$40,772.50**|**$32,359.96**| |**Sales of Property and Compensation for Loss**|||| |2650 - Sales of Scrap and Excess Materials|$6,984.70|$4,014.60|$21,848.95| OSC Municipality Code 130470304160 7 ## Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |2665 - Sales of Equipment|$22,629.00|$585.00|-| |2680 - Insurance Recoveries|$12,618.50|$12,427.23|$16,291.37| |**Total for Sales of Property and Compensation for Loss**|**$42,232.20**|**$17,026.83**|**$38,140.32**| |**Other Revenues**|||| |2701 - Refunds of Prior Year Expenditures|$412.50|$112.44|$1,407.67| |2705 - Gifts and Donations|-|-|$276.00| |2706 - Grants From Local Governments|$4,545.42|-|$17,881.00| |2750 - AIM Related Payments|-|-|$9,582.00| |2770 - Unclassified|-|$1,807.50|-| |**Total for Other Revenues**|**$4,957.92**|**$1,919.94**|**$29,146.67**| |**State Aid**|||| |3001 - State Aid Revenue Sharing|$9,582.00|$9,582.00|-| |3005 - State Aid Mortgage Tax|$20,602.46|$25,061.00|$18,625.04| |3501 - State Aid Consolidated Highway Aid|$135,432.30|$146,768.21|$36,040.80| |**Total for State Aid**|**$165,616.76**|**$181,411.21**|**$54,665.84**| |**Federal Aid**|||| |4089 - Federal Aid Other|$8,400.00|-|-| |**Total for Federal Aid**|**$8,400.00**|**$0.00**|**$0.00**| |**Total for Revenues**|**$2,421,321.98**|**$2,284,360.07**|**$2,113,499.81**| |**Other Sources**|||| OSC Municipality Code 130470304160 8 Village of Red Hook ## Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Operating Transfers**|||| |5031 - Interfund Transfers|-|-|$65,000.00| |**Total for Operating Transfers**|**$0.00**|**$0.00**|**$65,000.00**| |**Proceeds of Obligations**|||| |5710 - Serial Bonds|-$50,000.00|-|$0.00| |**Total for Proceeds of Obligations**|**$050,000.00**|**$0.00**|**$0.00**| |**Total for Other Sources**|**$050,000.00**|**$0.00**|**$65,000.00**| |**Total for Revenues and Other Sources**|**$2,421471,321.98**|**$2,284,360.07**|**$2,178,499.81**| OSC Municipality Code 130470304160 9 ## Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Expenditures and Other Uses**|||| |**Expenditures**|||| |**General Government Support**|||| |**Legislative Board**|||| |10101 - Legislative Board - Personal Services|$34,208.42|$29,230.49|$23,907.52| |10104 - Legislative Board - Contractual|$717.00|$455.00|$12.00| |**Total for Legislative Board**|**$34,925.42**|**$29,685.49**|**$23,919.52**| |**Judicial**|||| |11101 - Municipal Court - Personal Services|$49,616.38|$47,997.28|$46,109.77| |11104 - Municipal Court - Contractual|$13,481.21|$9,127.59|$7,232.47| |**Total for Judicial**|**$63,097.59**|**$57,124.87**|**$53,342.24**| |**Executive**|||| |12101 - Mayor - Personal Services|$13,724.87|$13,672.49|$13,724.87| |12104 - Mayor - Contractual|$633.75|$1,103.25|$275.14| |**Total for Executive**|**$14,358.62**|**$14,775.74**|**$14,000.01**| |**Finance**|||| |13204 - Auditor - Contractual|-|$10,000.00|$2,800.00| |13251 - Treasurer - Personal Services|$40,531.20|$28,949.63|$14,542.82| |13254 - Treasurer - Contractual|$14,369.85|$15,274.55|-| |**Total for Finance**|**$54,901.05**|**$54,224.18**|**$17,342.82**| OSC Municipality Code 130470304160 10 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Municipal Staff**|||| |14101 - Clerk - Personal Services|$21,378.63|$25,294.67|$37,409.06| |14104 - Clerk - Contractual|$31,436.64|$20,314.96|$22,707.66| |14204 - Law - Contractual|$35,396.81|$43,974.06|$30,690.25| |14404 - Engineer - Contractual|$8,400.00|-|$0.00| |14501 - Elections - Personal Services|$300.00|$300.00|$300.00| |14504 - Elections - Contractual|$127.68|$159.07|$224.94| |14804 - Public Information and Services - Contractual|$11,386.40|$11,111.40|$11,084.90| |**Total for Municipal Staff**|**$108,426.16**|**$101,154.16**|**$102,416.81**| |**Shared Services**|||| |16204 - Operation of Plant - Contractual|$74,147.52|$71,197.06|$60,383.14| |16404 - Central Garage - Contractual|$12,397.86|$11,362.69|$7,511.83| |16704 - Central Printing and Mailing - Contractual|-|$183.95|-| |16804 - Central Data Processing - Contractual|$19,960.76|$18,689.92|$38,782.72| |**Total for Shared Services**|**$106,506.14**|**$101,433.62**|**$106,677.69**| |**Special Items**|||| |19104 - Unallocated Insurance - Contractual|$51,691.80|$49,994.84|$39,766.75| |19204 - Municipal Association Dues - Contractual|$600.00|$1,816.00|$2,266.00| |19894 - General Government Support, Other - Contractual|$15,365.64|$10,127.97|$13,503.96| |_Tower, Training_|||| |**Total for Special Items**|**$67,657.44**|**$61,938.81**|**$55,536.71**| |**Total for General Government Support**|**$449,872.42**|**$420,336.87**|**$373,235.80**| OSC Municipality Code 130470304160 11 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Public Safety**|||| |**Law Enforcement**|||| |31201 - Police - Personal Services|$532,014.00|$484,144.18|$414,686.38| |31202 - Police - Equipment and Capital Outlay|$7,046.99|-|$6,900.16| |31204 - Police - Contractual|$100,924.21|$63,010.97|$51,023.47| |**Total for Law Enforcement**|**$639,985.20**|**$547,155.15**|**$472,610.01**| |**Traffic Control**|||| |33101 - Traffic Control - Personal Services|-|-|$2,212.75| |**Total for Traffic Control**|**$0.00**|**$0.00**|**$2,212.75**| |**Fire Protection**|||| |34104 - Fire Protection - Contractual|$120,305.00|$120,305.00|$117,153.55| |**Total for Fire Protection**|**$120,305.00**|**$120,305.00**|**$117,153.55**| |**Total for Public Safety**|**$760,290.20**|**$667,460.15**|**$591,976.31**| |**Transportation**|||| |**Highway**|||| |51101 - Maintenance of Roads - Personal Services|$127,524.15|$138,761.42|$165,912.59| |51102 - Maintenance of Roads - Equipment and Capital Outlay|$5,899.00|$7,855.18|$34,465.23| |51104 - Maintenance of Roads - Contractual|$63,540.13|-|$53,432.29| |51122 - Permanent Improvements Highway - Equipment and|$135,432.30|$146,768.21|$36,040.80| |Capital Outlay|||| |51124 - Permanent Improvements Highway - Contractual|-|$66,194.98|-| OSC Municipality Code 130470304160 12 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |51404 - Brush And Weeds - Contractual|$8,480.00|$9,000.00|$8,400.00| |51421 - Snow Removal - Personal Services|$6,651.94|$8,885.28|$9,094.11| |51424 - Snow Removal - Contractual|$19,225.93|$25,439.29|$22,463.36| |51824 - Street Lighting - Contractual|$66,747.13|$63,639.74|$61,540.58| |**Total for Highway**|**$433,500.58**|**$466,544.10**|**$391,348.96**| |**Total for Transportation**|**$433,500.58**|**$466,544.10**|**$391,348.96**| |**Culture and Recreation**|||| |**Recreation**|||| |71104 - Parks - Contractual|$698.48|$1,914.31|$401.52| |**Total for Recreation**|**$698.48**|**$1,914.31**|**$401.52**| |**Culture**|||| |75504 - Celebrations - Contractual|$4,451.63|$5,566.95|$2,540.07| |76104 - Programs for the Aging - Contractual|$1,500.00|$1,500.00|-| |76204 - Adult Recreation - Contractual|$1,000.00|$2,000.00|$1,000.00| |79894 - Culture And Recreation, Other - Contractual|$1,387.06|$1,215.54|$170.00| |_Public Art Space_|||| |**Total for Culture**|**$8,338.69**|**$10,282.49**|**$3,710.07**| |**Total for Culture and Recreation**|**$9,037.17**|**$12,196.80**|**$4,111.59**| |**Home and Community Services**|||| |**General Environment**|||| |80101 - Zoning - Personal Services|$33,488.71|$65,049.88|$70,627.86| OSC Municipality Code 130470304160 13 Village of Red Hook ## Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |80104 - Zoning - Contractual|$48,016.83|$2,118.50|$19,619.60| |80204 - Planning and Surveys - Contractual|$6,856.45|-|-| |80404 - Human Rights Commission - Contractual|$869.64|-|-| |**Total for General Environment**|**$89,231.63**|**$67,168.38**|**$90,247.46**| |**Sanitation**|||| |81601 - Refuse and Garbage - Personal Services|$19,946.28|$17,673.96|$16,337.91| |81602 - Refuse and Garbage - Equipment and Capital Outlay|$146196,653.72|-|-| |81604 - Refuse and Garbage - Contractual|$13,462.55|$13,170.01|$14,142.81| |**Total for Sanitation**|**$180230,062.55**|**$30,843.97**|**$30,480.72**| |**Community Environment**|||| |85104 - Community Beautification - Contractual|$440.03|$6,749.22|$3,208.69| |85604 - Shade Trees - Contractual|$13,759.97|$12,859.90|$8,900.00| |**Total for Community Environment**|**$14,200.00**|**$19,609.12**|**$12,108.69**| |**Community Development**|||| |86764 - Provisions for Public Services - Contractual|$1,340.60|$2,996.25|-| |**Total for Community Development**|**$1,340.60**|**$2,996.25**|**$0.00**| |**Total for Home and Community Services**|**$284334,834.78**|**$120,617.72**|**$132,836.87**| |**Employee Benefits**|||| |**Employee Benefits**|||| |90108 - State Retirement System - Employee Benefits|$30,560.16|$27,599.52|$48,274.16| OSC Municipality Code 130470304160 14 ## Village of Red Hook ## Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |90158 - Police Retirement - Employee Benefits|$108,305.83|$86,721.00|$81,438.00| |90254 - Local Pension Fund - Contractual|$2,022.98|$1,891.30|-| |90258 - Local Pension Fund - Employee Benefits|$8,491.87|$500.00|-| |90308 - Social Security - Employee Benefits|$66,552.60|$65,699.49|$61,223.83| |90408 - Workers' Compensation - Employee Benefits|$50,046.39|$71,085.72|$69,164.01| |90458 - Life Insurance - Employee Benefits|-|-|$0.00| |90558 - Disability Insurance - Employee Benefits|$2,464.00|$3,669.28|-| |90608 - Hospital, Medical and Dental Insurance - Employee|$170,423.13|$184,606.39|$155,512.59| |Benefits|||| |90898 - Employee Benefits, Other (Specify) - Employee Benefits|$4,194.31|$2,995.00|$11,316.23| |_Admin_|||| |**Total for Employee Benefits**|**$443,061.27**|**$444,767.70**|**$426,928.82**| |**Total for Employee Benefits**|**$443,061.27**|**$444,767.70**|**$426,928.82**| |**Debt Service**|||| |**Debt Service**|||| |97106 - Serial Bonds - Debt Principal|$16,385.50|$23,144.07|$245,144.09| |97107 - Serial Bonds - Debt Interest|$8,842.80|$3,203.16|$9,248.79| |**Total for Debt Service**|**$25,228.30**|**$26,347.23**|**$254,392.88**| |**Total for Debt Service**|**$25,228.30**|**$26,347.23**|**$254,392.88**| |**Total for Expenditures**|**$2,405455,824.72**|**$2,158,270.57**|**$2,174,831.23**| |**Total for Expenditures and Other Uses**|**$2,405455,824.72**|**$2,158,270.57**|**$2,174,831.23**| OSC Municipality Code 130470304160 15 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Changes in Fund Balance** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Analysis of Changes in Fund Balance**|||| |8021 - Fund Balance - Beginning of Year|$813,916.35|$489,495.52|$493,467.19| |8012 - Prior Period Adjustment OR Change in Accounting|$7,500.00|$198,331.33|-| |Principle - Increase in Fund Balance|||| |_Reserve Transfer were incorrectly booked to expense and_|||| |_fixed in this period_|||| |8015 - Prior Period Adjustment OR Change in Accounting|-|-|$7,640.25| |Principle - Decrease in Fund Balance|||| |8022 - Restated Fund Balance - Beginning of Year|$821,416.35|$687,826.85|$485,826.94| |Add Revenues and Other Sources|$2,421471,321.98|$2,284,360.07|$2,178,499.81| |Deduct Expenditures and Other Uses|$2,405455,824.72|$2,158,270.57|$2,174,831.23| |8029 - Fund Balance - End of Year|$836,913.61|$813,916.35|$489,495.52| OSC Municipality Code 130470304160 16 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Adopted Budget Summary** ||**05/31/2025**|**05/31/2024**|**05/31/2023**| |---|---|---|---| |**Estimated Revenues and Other Sources**|||| |**Estimated Revenue**|||| |1049 - Est Rev - Property Taxes|$1,401,440.00|$1,369,370.00|$1,311,680.00| |1099 - Est Rev - Property Tax Items|$21,620.00|$18,100.00|$17,100.00| |1199 - Est Rev - Non-Property Tax Items|$170,000.00|$173,000.00|$140,000.00| |2399 - Est Rev - Intergovernmental Charges|$387,130.00|$369,850.00|$395,050.00| |2499 - Est Rev - Use of Money and Property|$143,500.00|$131,000.00|$125,750.00| |2649 - Est Rev - Fines and Forfeitures|$42,000.00|$41,900.00|$42,000.00| |2699 - Est Rev - Sales of Property and Compensation for Loss|$4,500.00|$4,500.00|$7,000.00| |2799 - Est Rev - Other Revenues|-|$79,600.00|$1,000.00| |3099 - Est Rev - State Aid|$79,582.00|-|$123,500.00| |**Total for Estimated Revenue**|**$2,249,772.00**|**$2,187,320.00**|**$2,163,080.00**| |**Total for Estimated Revenues and Other Sources**|**$2,249,772.00**|**$2,187,320.00**|**$2,163,080.00**| OSC Municipality Code 130470304160 17 ## Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **A - General Adopted Budget Summary** ||**05/31/2025**|**05/31/2024**|**05/31/2023**| |---|---|---|---| |**Estimated Appropriations and Other Uses**|||| |**Estimated Appropriations**|||| |1999 - App - General Government Support|$453,355.20|$438,020.00|$488,950.00| |2999 - App - Education|-|$17,000.00|$14,000.00| |3999 - App - Public Safety|$695,200.00|$682,183.70|$602,795.00| |5999 - App - Transportation|$397,280.00|$394,500.00|$424,900.00| |7999 - App - Culture and Recreation|$11,300.00|$12,800.00|$10,500.00| |8999 - App - Home and Community Services|$172,800.00|$154,400.00|$129,225.00| |9199 - App - Employee Benefits|$472,870.00|$456,500.00|$465,000.00| |9899 - App - Debt Service|$34,466.80|$19,416.30|$27,710.00| |**Total for Estimated Appropriations**|**$2,237,272.00**|**$2,174,820.00**|**$2,163,080.00**| |**Estimated Other Uses**|||| |962 - Other Budgetary Purposes|$12,500.00|$12,500.00|-| |**Total for Estimated Other Uses**|**$12,500.00**|**$12,500.00**|**$0.00**| |**Total for Estimated Appropriations and Other Uses**|**$2,249,772.00**|**$2,187,320.00**|**$2,163,080.00**| OSC Municipality Code 130470304160 18 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **ES - Enterprise Sewer Statement of Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Assets and Deferred Outflows**|||| |**Assets**|||| |**Current Assets**|||| |**Cash and Cash Equivalents**|||| |200 - Cash|$33,363.68|$55,779.11|$3,395.72| |**Total for Cash and Cash Equivalents**|**$33,363.68**|**$55,779.11**|**$3,395.72**| |**Net Other Receivables**|||| |380 - Accounts Receivable|$49,427.49|$66,855.85|-| |**Total for Net Other Receivables**|**$49,427.49**|**$66,855.85**|**$0.00**| |**Due From**|||| |391 - Due From Other Funds|$145,947.99|$23,830.21|-| |**Total for Due From**|**$145,947.99**|**$23,830.21**|**$0.00**| |**Total for Current Assets**|**$228,739.16**|**$146,465.17**|**$3,395.72**| |**Non-Current Assets**|||| |**Non-Depreciable Capital Assets**|||| |105 - Construction Work In Progress|-|$7,277,829.78|$1,609,964.56| |**Total for Non-Depreciable Capital Assets**|**$0.00**|**$7,277,829.78**|**$1,609,964.56**| |**Depreciable Capital Assets**|||| OSC Municipality Code 130470304160 19 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **ES - Enterprise Sewer Statement of Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |106 - Infrastructure|$7,896,018.55|-|-| |**Total for Depreciable Capital Assets**|**$7,896,018.55**|**$0.00**|**$0.00**| |**Total for Non-Current Assets**|**$7,896,018.55**|**$7,277,829.78**|**$1,609,964.56**| |**Total for Assets**|**$8,124,757.71**|**$7,424,294.95**|**$1,613,360.28**| |**Total for Assets and Deferred Outflows**|**$8,124,757.71**|**$7,424,294.95**|**$1,613,360.28**| OSC Municipality Code 130470304160 20 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **ES - Enterprise Sewer Statement of Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Liabilities, Deferred Inflows and Net Position**|||| |**Liabilities**|||| |**Current Liabilities**|||| |**Payables**|||| |600 - Accounts Payable|$9,633.76|$443,869.18|$393,759.34| |601 - Accrued Liabilities|$411.88|-|-| |**Total for Payables**|**$10,045.64**|**$443,869.18**|**$393,759.34**| |**Due to**|||| |630 - Due To Other Funds|$10,000.00|-|-| |**Total for Due to**|**$10,000.00**|**$0.00**|**$0.00**| |**Total for Current Liabilities**|**$20,045.64**|**$443,869.18**|**$393,759.34**| |**Long-Term Obligations**|||| |**Notes Payable**|||| |626 - Bond Anticipation Notes Payable|-|$6,295,117.00|$690,634.24| |**Total for Notes Payable**|**$0.00**|**$6,295,117.00**|**$690,634.24**| |**Debt Obligations**|||| |628 - Bonds Payable|$6,162,618.00|-|-| |**Total for Debt Obligations**|**$6,162,618.00**|**$0.00**|**$0.00**| OSC Municipality Code 130470304160 21 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **ES - Enterprise Sewer Statement of Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Total for Long-Term Obligations**|**$6,162,618.00**|**$6,295,117.00**|**$690,634.24**| |**Total for Liabilities**|**$6,182,663.64**|**$6,738,986.18**|**$1,084,393.58**| |**Net Position**|||| |**Restricted Net Position**|||| |920 - Net Assets Invested in Capital Assets Net of Related Debt|$1,733,400.55|$982,712.78|$1,609,964.56| |**Total for Restricted Net Position**|**$1,733,400.55**|**$982,712.78**|**$1,609,964.56**| |**Unrestricted Net Position**|||| |924 - Net Assets Unrestricted Deficit|$208,693.52|($297,404.01)|($1,080,997.86)| |**Total for Unrestricted Net Position**|**$208,693.52**|**($297,404.01)**|**($1,080,997.86)**| |**Total for Net Position**|**$1,942,094.07**|**$685,308.77**|**$528,966.70**| |**Total for Liabilities, Deferred Inflows and Net Position**|**$8,124,757.71**|**$7,424,294.95**|**$1,613,360.28**| OSC Municipality Code 130470304160 22 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **ES - Enterprise Sewer Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Revenues and Other Sources**|||| |**Revenues**|||| |**Property Taxes**|||| |1030 - Special Assessments|-|$12,000.00|$3,000.00| |**Total for Property Taxes**|**$0.00**|**$12,000.00**|**$3,000.00**| |**Departmental Income**|||| |2120 - Sewer Rents|$89,989.83|$15,617.96|-| |2122 - Sewer Charges|$183,278.79|$140,724.61|$0.00| |2128 - Interest and Penalties on Sewer Accounts|$2,485.44|$481.86|-| |**Total for Departmental Income**|**$275,754.06**|**$156,824.43**|**$0.00**| |**Use of Money and Property**|||| |2401 - Interest and Earnings|$1,052.25|-|-| |**Total for Use of Money and Property**|**$1,052.25**|**$0.00**|**$0.00**| |**Sales of Property and Compensation for Loss**|||| |2650 - Sales of Scrap and Excess Materials|$2,500.00|-|-| |**Total for Sales of Property and Compensation for Loss**|**$2,500.00**|**$0.00**|**$0.00**| |**StateOther AidRevenues**|||| |39012706 - StateGrants AidFrom OperationLocal and Maintenance of Sewer TreatmentGovernments|$1,046,983.27|-|-| |Plant|||| |**Total for StateOther AidRevenues**|**$1,046,983.27**|**$0.00**|**$0.00**| OSC Municipality Code 130470304160 23 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **ES - Enterprise Sewer Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Federal Aid**|||| |4989 - Federal Aid Other Home and Community Services|$14,999.58|-|-| |**Total for Federal Aid**|**$14,999.58**|**$0.00**|**$0.00**| |**Total for Revenues**|**$1,341,289.16**|**$168,824.43**|**$3,000.00**| |**Other Sources**|||| |**Operating Transfers**|||| |5031 - Interfund Transfers|$25,000.00|$44,468.45|$23,000.00| |**Total for Operating Transfers**|**$25,000.00**|**$44,468.45**|**$23,000.00**| |**Total for Other Sources**|**$25,000.00**|**$44,468.45**|**$23,000.00**| |**Total for Revenues and Other Sources**|**$1,366,289.16**|**$213,292.88**|**$26,000.00**| OSC Municipality Code 130470304160 24 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **ES - Enterprise Sewer Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Expenditures and Other Uses**|||| |**Expenditures**|||| |**General Government Support**|||| |**Special Items**|||| |19104 - Unallocated Insurance - Contractual|$1,000.00|-|-| |19504 - Taxes and Assessments on Municipal Property -|-|$263.99|-| |Contractual|||| |19891 - General Government Support, Other - Personal Services|$23,731.08|-|-| |_Admin_|||| |19894 - General Government Support, Other - Contractual|$29.32|-|-| |_postage_|||| |**Total for Special Items**|**$24,760.40**|**$263.99**|**$0.00**| |**Total for General Government Support**|**$24,760.40**|**$263.99**|**$0.00**| |**Home and Community Services**|||| |**Sewage**|||| |81201 - Sanitary Sewers - Personal Services|$8,150.74|-|$21,508.99| |81204 - Sanitary Sewers - Contractual|$52,993.46|$52,755.93|$13,128.09| |81208 - Sanitary Sewers - Employee Benefits|$662.26|-|-| |81304 - Sewage Treatment and Disposal - Contractual|$13,437.50|$3,930.89|$2,274.00| |**Total for Sewage**|**$75,243.96**|**$56,686.82**|**$36,911.08**| |**Total for Home and Community Services**|**$75,243.96**|**$56,686.82**|**$36,911.08**| OSC Municipality Code 130470304160 25 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **ES - Enterprise Sewer Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Debt Service**|||| |**Debt Service**|||| |97107 - Serial Bonds - Debt Interest|-|-|$3,500.00| |**Total for Debt Service**|**$0.00**|**$0.00**|**$3,500.00**| |**Total for Debt Service**|**$0.00**|**$0.00**|**$3,500.00**| |**Total for Expenditures**|**$100,004.36**|**$56,950.81**|**$40,411.08**| |**Total for Expenditures and Other Uses**|**$100,004.36**|**$56,950.81**|**$40,411.08**| OSC Municipality Code 130470304160 26 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **ES - Enterprise Sewer Changes in Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Analysis of Changes in Net Position**|||| |8021 - Net Position - Beginning of Year|$685,308.77|$528,966.70|$582,490.17| |8012 - Prior Period Adjustment OR Change in Accounting|-|-|$0.00| |Principle - Increase in Net Position|||| |8015 - Prior Period Adjustment OR Change in Accounting|$9,500.00|-|$39,112.39| |Principle - Decrease in Net Position|||| |_AP that was in the wrong period_|||| |8022 - Restated Net Position - Beginning of Year|$675,808.77|$528,966.70|$543,377.78| |Add Revenues and Other Sources|$1,366,289.16|$213,292.88|$26,000.00| |Deduct Expenditures and Other Uses|$100,004.36|$56,950.81|$40,411.08| |8029 - Net Position - End of Year|$1,942,093.57|$685,308.77|$528,966.70| OSC Municipality Code 130470304160 27 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **ES - Enterprise Sewer Adopted Budget Summary** ||**05/31/2025**|**05/31/2024**|**05/31/2023**| |---|---|---|---| |**Estimated Revenues and Other Sources**|||| |**Estimated Revenue**|||| |2199 - Est Rev - Departmental Income|$314,965.00|$315,965.00|-| |2499 - Est Rev - Use of Money and Property|$1,000.00|-|-| |**Total for Estimated Revenue**|**$315,965.00**|**$315,965.00**|**$0.00**| |**Estimated Other Sources**|||| |5099 - Est Rev - Operating Transfers|$30,000.00|$25,000.00|-| |**Total for Estimated Other Sources**|**$30,000.00**|**$25,000.00**|**$0.00**| |**Total for Estimated Revenues and Other Sources**|**$345,965.00**|**$340,965.00**|**$0.00**| OSC Municipality Code 130470304160 28 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **ES - Enterprise Sewer Adopted Budget Summary** ||**05/31/2025**|**05/31/2024**|**05/31/2023**| |---|---|---|---| |**Estimated Appropriations and Other Uses**|||| |**Estimated Appropriations**|||| |1999 - App - General Government Support|$36,000.00|$41,500.00|-| |8999 - App - Home and Community Services|$98,745.00|$299,465.00|-| |**Total for Estimated Appropriations**|**$134,745.00**|**$340,965.00**|**$0.00**| |**Estimated Other Uses**|||| |9899 - App - Debt Service|$211,000.00|-|-| |**Total for Estimated Other Uses**|**$211,000.00**|**$0.00**|**$0.00**| |**Total for Estimated Appropriations and Other Uses**|**$345,745.00**|**$340,965.00**|**$0.00**| OSC Municipality Code 130470304160 29 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **EW - Enterprise Water Statement of Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Assets and Deferred Outflows**|||| |**Assets**|||| |**Current Assets**|||| |**Cash and Cash Equivalents**|||| |200 - Cash|$433,048.18|$323,405.45|$200,977.20| |**Total for Cash and Cash Equivalents**|**$433,048.18**|**$323,405.45**|**$200,977.20**| |**Restricted Cash and Cash Equivalents**|||| |230 - Cash Special Reserves|$161,739.60|$152,558.24|$151,762.80| |**Total for Restricted Cash and Cash Equivalents**|**$161,739.60**|**$152,558.24**|**$151,762.80**| |**Net Other Receivables**|||| |380 - Accounts Receivable|$101200,980333.0729|$98,353.22|$96,727.40| |**Total for Net Other Receivables**|**$101200,980333.0729**|**$98,353.22**|**$96,727.40**| |**Due From**|||| |391 - Due From Other Funds|$91,760.65|$71,772.29|$47,393.66| |**Total for Due From**|**$91,760.65**|**$71,772.29**|**$47,393.66**| |**Total for Current Assets**|**$788886,528881.5072**|**$646,089.20**|**$496,861.06**| |**Non-Current Assets**|||| |**Non-Depreciable Capital Assets**|||| OSC Municipality Code 130470304160 30 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **EW - Enterprise Water Statement of Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |105 - Construction Work In Progress|-|$3,950,203.00|$3,950,203.00| |**Total for Non-Depreciable Capital Assets**|**$0.00**|**$3,950,203.00**|**$3,950,203.00**| |**Depreciable Capital Assets**|||| |104 - Machinery and Equipment|$15,498.00|$4,801,285.00|$16,748.00| |106 - Infrastructure|$8,436,943.00|$15,498.00|$5,114,580.00| |**Total for Depreciable Capital Assets**|**$8,452,441.00**|**$4,816,783.00**|**$5,131,328.00**| |**Total for Non-Current Assets**|**$8,452,441.00**|**$8,766,986.00**|**$9,081,531.00**| |**Total for Assets**|**$9,240339,969322.5072**|**$9,413,075.20**|**$9,578,392.06**| |**Deferred Outflows**|||| |**Deferred Outflows of Resources**|||| |496 - Deferred Outflow of Resources Pensions|$193,831.00|$193,831.00|$7,848.00| |**Total for Deferred Outflows of Resources**|**$193,831.00**|**$193,831.00**|**$7,848.00**| |**Total for Deferred Outflows**|**$193,831.00**|**$193,831.00**|**$7,848.00**| |**Total for Assets and Deferred Outflows**|**$9,434533,800153.5072**|**$9,606,906.20**|**$9,586,240.06**| OSC Municipality Code 130470304160 31 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **EW - Enterprise Water Statement of Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Liabilities, Deferred Inflows and Net Position**|||| |**Liabilities**|||| |**Current Liabilities**|||| |**Payables**|||| |600 - Accounts Payable|$28,426.75|$46,994.58|$18,719.20| |601 - Accrued Liabilities|$1,723.35|$576.67|$259.78| |**Total for Payables**|**$30,150.10**|**$47,571.25**|**$18,978.98**| |**Due to**|||| |630 - Due To Other Funds|$280,965.82|$162,617.69|$144,700.00| |**Total for Due to**|**$280,965.82**|**$162,617.69**|**$144,700.00**| |**Total for Current Liabilities**|**$311,115.92**|**$210,188.94**|**$163,678.98**| |**Long-Term Obligations**|||| |**Other Long-Term Obligations**|||| |638 - Net Pension Liability Proportionate Share|$193,831.00|$193,831.00|$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**|**$236,062.00**|**$45,175.00**| |**Debt Obligations**|||| |628 - Bonds Payable|$2,346,000.00|$2,396,000.00|$2,442,000.00| |**Total for Debt Obligations**|**$2,346,000.00**|**$2,396,000.00**|**$2,442,000.00**| OSC Municipality Code 130470304160 32 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **EW - Enterprise Water Statement of Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Total for Long-Term Obligations**|**$2,582,062.00**|**$2,632,062.00**|**$2,487,175.00**| |**Total for Liabilities**|**$2,893,177.92**|**$2,842,250.94**|**$2,650,853.98**| |**Deferred Inflows**|||| |**Deferred Inflows of Resources**|||| |697 - Deferred Inflow of Resources Pensions|$4,726.00|$4,726.00|$9,630.00| |**Total for Deferred Inflows of Resources**|**$4,726.00**|**$4,726.00**|**$9,630.00**| |**Total for Deferred Inflows**|**$4,726.00**|**$4,726.00**|**$9,630.00**| |**Net Position**|||| |**Restricted Net Position**|||| |920 - Net Assets Invested in Capital Assets Net of Related Debt|$6,106,441.00|$6,370,986.00|$6,639,642.67| |921 - Net Assets Restricted for Capital Projects|$161,739.60|$152,558.24|$151,731.58| |**Total for Restricted Net Position**|**$6,268,180.60**|**$6,523,544.24**|**$6,791,374.25**| |**Unrestricted Net Position**|||| |924 - Net Assets Unrestricted Deficit|$268367,715069.9820|$236,382.02|$134,381.83| |**Total for Unrestricted Net Position**|**$268367,715069.9820**|**$236,382.02**|**$134,381.83**| |**Total for Net Position**|**$6,536635,896249.5880**|**$6,759,926.26**|**$6,925,756.08**| |**Total for Liabilities, Deferred Inflows and Net Position**|**$9,434533,800153.5072**|**$9,606,903.20**|**$9,586,240.06**| OSC Municipality Code 130470304160 33 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **EW - Enterprise Water Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Revenues and Other Sources**|||| |**Revenues**|||| |**Departmental Income**|||| |2140 - Metered Water Sales|$577676,909262.7092|$574,205.80|$550,563.19| |2142 - Unmetered Water Sales|$2,202.75|$1,945.65|$1,600.00| |2144 - Water Service Charges|$18,200.00|$5,000.00|$2,500.00| |2148 - Interest and Penalties on Water Rents|$6,537.59|$5,960.71|$2,249.60| |**Total for Departmental Income**|**$604703,850203.0426**|**$587,112.16**|**$556,912.79**| |**Use of Money and Property**|||| |2401 - Interest and Earnings|$10,695.11|$1,478.33|$48.09| |2410 - Rental of Real Property|$544.49|-|-| |**Total for Use of Money and Property**|**$11,239.60**|**$1,478.33**|**$48.09**| |**Sales of Property and Compensation for Loss**|||| |2690 - Other Compensation For Loss|$1,247.68|-|-| |**Total for Sales of Property and Compensation for Loss**|**$1,247.68**|**$0.00**|**$0.00**| |**StateOther AidRevenues**|||| |39892706 - StateGrants AidFrom OtherLocal Home and Community ServiceGovernments|$174,401.31|-|-| |**Total for StateOther AidRevenues**|**$174,401.31**|**$0.00**|**$0.00**| |**Federal Aid**|||| |4989 - Federal Aid Other Home and Community Services|-|$23,053.00|-| OSC Municipality Code 130470304160 34 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **EW - Enterprise Water Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Total for Federal Aid**|**$0.00**|**$23,053.00**|**$0.00**| |**Total for Revenues**|**$791890,738091.6385**|**$611,643.49**|**$556,960.88**| |**Total for Revenues and Other Sources**|**$791890,738091.6385**|**$611,643.49**|**$556,960.88**| OSC Municipality Code 130470304160 35 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **EW - Enterprise Water Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Expenditures and Other Uses**|||| |**Expenditures**|||| |**General Government Support**|||| |**Special Items**|||| |19104 - Unallocated Insurance - Contractual|$29,500.00|$26,500.00|$25,500.00| |19894 - General Government Support, Other - Contractual|$41,070.80|-|-| |_admin_|||| |19944 - Depreciation - Contractual|$314,545.00|$314,545.00|$313,305.00| |**Total for Special Items**|**$385,115.80**|**$341,045.00**|**$338,805.00**| |**Total for General Government Support**|**$385,115.80**|**$341,045.00**|**$338,805.00**| |**Home and Community Services**|||| |**Water**|||| |83101 - Water Administration - Personal Services|$72,723.03|$51,475.70|$53,388.35| |83104 - Water Administration - Contractual|$38,947.10|$34,543.89|$32,563.31| |83108 - Water Administration - Employee Benefits|$83,515.93|$57,847.56|$56,078.76| |83204 - Water Source of Supply, Power and Pumping -|$162,460.08|$124,958.82|$134,657.75| |Contractual|||| |83304 - Water Purification - Contractual|$15,963.98|$43,580.45|$21,698.00| |83404 - Water Transportation and Distribution - Contractual|$174,401.31|$14,560.00|-| |**Total for Water**|**$548,011.43**|**$326,966.42**|**$298,386.17**| |**Total for Home and Community Services**|**$548,011.43**|**$326,966.42**|**$298,386.17**| OSC Municipality Code 130470304160 36 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **EW - Enterprise Water Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Debt Service**|||| |**Debt Service**|||| |97107 - Serial Bonds - Debt Interest|$61,511.30|$64,949.53|$65,836.23| |**Total for Debt Service**|**$61,511.30**|**$64,949.53**|**$65,836.23**| |**Total for Debt Service**|**$61,511.30**|**$64,949.53**|**$65,836.23**| |**Total for Expenditures**|**$994,638.53**|**$732,960.95**|**$703,027.40**| |**Other Uses**|||| |**Interfund Transfers**|||| |**Interfund Transfers**|||| |99019 - Transfers to Other Funds - Interfund Transfer|$25,000.00|$44,468.45|$88,000.00| |_water for Admin_|||| |**Total for Interfund Transfers**|**$25,000.00**|**$44,468.45**|**$88,000.00**| |**Total for Interfund Transfers**|**$25,000.00**|**$44,468.45**|**$88,000.00**| |**Total for Other Uses**|**$25,000.00**|**$44,468.45**|**$88,000.00**| |**Total for Expenditures and Other Uses**|**$1,019,638.53**|**$777,429.40**|**$791,027.40**| OSC Municipality Code 130470304160 37 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **EW - Enterprise Water Changes in Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Analysis of Changes in Net Position**|||| |8021 - Net Position - Beginning of Year|$6,759,968.65|$6,925,754.56|$7,205,379.00| |8012 - Prior Period Adjustment OR Change in Accounting|$4,827.83|-|-| |Principle - Increase in Net Position|||| |_correction on payable_|||| |8015 - Prior Period Adjustment OR Change in Accounting|-|-|$45,557.92| |Principle - Decrease in Net Position|||| |8022 - Restated Net Position - Beginning of Year|$6,764,796.48|$6,925,754.56|$7,159,821.08| |Add Revenues and Other Sources|$791890,738091.6385|$611,643.49|$556,960.88| |Deduct Expenditures and Other Uses|$1,019,638.53|$777,429.40|$791,027.40| |8029 - Net Position - End of Year|$6,536635,896249.5880|$6,759,968.65|$6,925,754.56| OSC Municipality Code 130470304160 38 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **EW - Enterprise Water Adopted Budget Summary** ||**05/31/2025**|**05/31/2024**|**05/31/2023**| |---|---|---|---| |**Estimated Revenues and Other Sources**|||| |**Estimated Revenue**|||| |2199 - Est Rev - Departmental Income|$556,000.00|$556,000.00|-| |2499 - Est Rev - Use of Money and Property|$4,000.00|$100.00|-| |**Total for Estimated Revenue**|**$560,000.00**|**$556,100.00**|**$0.00**| |**Total for Estimated Revenues and Other Sources**|**$560,000.00**|**$556,100.00**|**$0.00**| OSC Municipality Code 130470304160 39 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **EW - Enterprise Water Adopted Budget Summary** ||**05/31/2025**|**05/31/2024**|**05/31/2023**| |---|---|---|---| |**Estimated Appropriations and Other Uses**|||| |**Estimated Appropriations**|||| |1999 - App - General Government Support|$40,780.00|$38,280.00|-| |8999 - App - Home and Community Services|$288,005.63|$271,789.75|-| |9199 - App - Employee Benefits|$90,000.00|$84,500.00|-| |**Total for Estimated Appropriations**|**$418,785.63**|**$394,569.75**|**$0.00**| |**Estimated Other Uses**|||| |9899 - App - Debt Service|$111,214.37|$136,530.25|-| |9999 - App - Interfund Transfers|$30,000.00|$25,000.00|-| |**Total for Estimated Other Uses**|**$141,214.37**|**$161,530.25**|**$0.00**| |**Total for Estimated Appropriations and Other Uses**|**$560,000.00**|**$556,100.00**|**$0.00**| OSC Municipality Code 130470304160 40 Village of Red Hook ## Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **H - Capital Projects Balance Sheet** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Assets and Deferred Outflows**|||| |**Total for Assets and Deferred Outflows**|**$0.00**|**$0.00**|**$0.00**| OSC Municipality Code 130470304160 41 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **H - Capital Projects Balance Sheet** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Liabilities, Deferred Inflows and Fund Balances**|||| |**Total for Liabilities, Deferred Inflows and Fund Balances**|**$0.00**|**$0.00**|**$0.00**| OSC Municipality Code 130470304160 42 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **H - Capital Projects Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Revenues and Other Sources**|||| |**Other Sources**|||| |**Proceeds of Obligations**|||| |5710 - Serial Bonds|$50,000.00|-|$40,000.00| |**Total for Proceeds of Obligations**|**$50,000.00**|**$0.00**|**$40,000.00**| |**Total for Other Sources**|**$50,000.00**|**$0.00**|**$40,000.00**| |**Total for Revenues and Other Sources**|**$50,000.00**|**$0.00**|**$40,000.00**| OSC Municipality Code 130470304160 43 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **H - Capital Projects Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Expenditures and Other Uses**|||| |**Expenditures**|||| |**Public Safety**|||| |**Law Enforcement**|||| |31202 - Police - Equipment and Capital Outlay|-|-|$40,000.00| |**Total for Law Enforcement**|**$0.00**|**$0.00**|**$40,000.00**| |**Total for Public Safety**|**$0.00**|**$0.00**|**$40,000.00**| |**Home and Community Services**|||| |**Natural Resources**|||| |87972 - Sanitation - Equipment and Capital Outlay|$50,000.00|-|-| |**Total for Natural Resources**|**$50,000.00**|**$0.00**|**$0.00**| |**Total for Home and Community Services**|**$50,000.00**|**$0.00**|**$0.00**| |**Total for Expenditures**|**$50,000.00**|**$0.00**|**$40,000.00**| |**Total for Expenditures and Other Uses**|**$50,000.00**|**$0.00**|**$40,000.00**| OSC Municipality Code 130470304160 44 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **H - Capital Projects Changes in Fund Balance** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**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|$0.00| |Add Revenues and Other Sources|$50,000.00|$0.00|$40,000.00| |Deduct Expenditures and Other Uses|$50,000.00|$0.00|$40,000.00| |8029 - Fund Balance - End of Year|$0.00|$0.00|$0.00| OSC Municipality Code 130470304160 45 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **TE - Private Purpose Trust Statement of Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Assets and Deferred Outflows**|||| |**Assets**|||| |**Cash and Cash Equivalents**|||| |200 - Cash|$15,061.18|$16,254.60|$15,594.57| |**Total for Cash and Cash Equivalents**|**$15,061.18**|**$16,254.60**|**$15,594.57**| |**Total for Assets**|**$15,061.18**|**$16,254.60**|**$15,594.57**| |**Total for Assets and Deferred Outflows**|**$15,061.18**|**$16,254.60**|**$15,594.57**| OSC Municipality Code 130470304160 4641 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **TE - Private Purpose Trust Statement of Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Liabilities, Deferred Inflows and Net Position**|||| |**Net Position**|||| |**Restricted Net Position**|||| |923 - Net Assets Restricted for Other Purposes|$15,061.18|$16,254.60|$15,594.57| |_Hardscrabble & Village Green_|||| |**Total for Restricted Net Position**|**$15,061.18**|**$16,254.60**|**$15,594.57**| |**Total for Net Position**|**$15,061.18**|**$16,254.60**|**$15,594.57**| |**Total for Liabilities, Deferred Inflows and Net Position**|**$15,061.18**|**$16,254.60**|**$15,594.57**| OSC Municipality Code 130470304160 4742 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **TE - Private Purpose Trust Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Revenues and Other Sources**|||| |**Revenues**|||| |**Miscellaneous**|||| |2705 - Gifts and Donations|$30,151.37|$2,900.08|$25,523.35| |**Total for Miscellaneous**|**$30,151.37**|**$2,900.08**|**$25,523.35**| |**Total for Revenues**|**$30,151.37**|**$2,900.08**|**$25,523.35**| |**Total for Revenues and Other Sources**|**$30,151.37**|**$2,900.08**|**$25,523.35**| OSC Municipality Code 130470304160 4843 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **TE - Private Purpose Trust Results of Operations** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Expenditures and Other Uses**|||| |**Expenditures**|||| |**General Government Support**|||| |**Special Items**|||| |19454 - Other Private-Purpose Activities - Contractual|$31,344.79|$2,240.05|$16,532.55| |_Hardscrabble & Village Green_|||| |**Total for Special Items**|**$31,344.79**|**$2,240.05**|**$16,532.55**| |**Total for General Government Support**|**$31,344.79**|**$2,240.05**|**$16,532.55**| |**Total for Expenditures**|**$31,344.79**|**$2,240.05**|**$16,532.55**| |**Total for Expenditures and Other Uses**|**$31,344.79**|**$2,240.05**|**$16,532.55**| OSC Municipality Code 130470304160 4944 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **TE - Private Purpose Trust Changes in Net Position** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Analysis of Changes in Net Position**|||| |8021 - Net Position - Beginning of Year|$16,254.60|$15,594.57|$6,603.77| |8022 - Restated Net Position - Beginning of Year|$16,254.60|$15,594.57|$6,603.77| |Add Revenues and Other Sources|$30,151.37|$2,900.08|$25,523.35| |Deduct Expenditures and Other Uses|$31,344.79|$2,240.05|$16,532.55| |8029 - Net Position - End of Year|$15,061.18|$16,254.60|$15,594.57| OSC Municipality Code 130470304160 5045 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **K - Schedule of Non-Current Government Assets Schedule of Non-Current Government Assets** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Non-Current Assets**|||| |**Depreciable Capital Assets**|||| |102 - Buildings|$1,675,048.00|$1,356,690.00|$1,421,233.00| |104 - Machinery and Equipment|$478,340.00|$1,043,880.00|$1,050,800.00| |106 - Infrastructure|$6,867,182.00|$6,976,393.00|$6,976,393.00| |**Total for Depreciable Capital Assets**|**$9,020,570.00**|**$9,376,963.00**|**$9,448,426.00**| |**Accumulated Depreciation**|||| |112 - Accumulated Depreciation Buildings|($949,433.00)|($1,306,610.00)|($1,242,068.00)| |114 - Accumulated Depreciation Machinery and Equipment|($855,208.00)|($1,142,875.00)|($1,135,955.00)| |116 - Accumulated Depreciation Infrastructure|($5,896,072.00)|($5,786,861.00)|($5,786,861.00)| |**Total for Accumulated Depreciation**|**($7,700,713.00)**|**($8,236,346.00)**|**($8,164,884.00)**| |**Other Non-Current Assets**|||| |108 - Net Pension Asset Proportionate Share|$876,000.00|-|$74,369.00| |**Total for Other Non-Current Assets**|**$876,000.00**|**$0.00**|**$74,369.00**| |**Total for Non-Current Assets**|**$2,195,857.00**|**$1,140,617.00**|**$1,357,911.00**| OSC Municipality Code 130470304160 5146 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **W - Schedule of Non-Current Government Liabilities Schedule of Non-Current Government Liabilities** ||**05/31/2024**|**05/31/2023**|**05/31/2022**| |---|---|---|---| |**Long-Term Obligations**|||| |**Debt Obligations**|||| |628 - Bonds Payable|$62,542.00|$28,927.50|$47,812.50| |**Total for Debt Obligations**|**$62,542.00**|**$28,927.50**|**$47,812.50**| |**Other Long-Term Obligations**|||| |638 - Net Pension Liability Proportionate Share|$876,000.00|$964,201.00|$70,804.00| |687 - Compensated Absences|$160,492.46|$33,363.34|$173,572.99| |**Total for Other Long-Term Obligations**|**$1,036,492.46**|**$997,564.34**|**$244,376.99**| |**Total for Long-Term Obligations**|**$1,099,034.46**|**$1,026,491.84**|**$292,189.49**| OSC Municipality Code 130470304160 5247 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **Supplemental Schedules** The Supplemental Schedules includes the following schedules: - Statement of Indebtedness - Bond Repayment - Bank Reconciliation - Employee and Retiree Benefits OSC Municipality Code 130470304160 5348 ## Village of Red Hook ## Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **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|$2,424,927.50|$6,212,618.00|$66,385.50|$0.00|$0.00|$0.00|$8,571,160.00| |Bond Anticipation Note|$6,295,117.51|$605,917.92|$738,417.43|$6,162,618.00|$0.00|$0.00|$0.00| |**Total**|$8,720,045.01|$6,818,535.92|$804,802.93|$6,162,618.00|$0.00|$0.00|$8,571,160.00| OSC Municipality Code 130470304160 5449 ## Village of Red Hook ## Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **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** Snowplow||12/12/17|12/12/27|$44,427.50|$0.00|$8,885.50|$0.00|$0.00|$0.00|$35,542.00| |**Bond** Police Truck||6/14/21|6/14/26|$32,000.00|$0.00|$7,500.00|$0.00|$0.00|$0.00|$24,500.00| |**Bond** Water System|USDA|9/24/14|5/31/53|$999,000.00|$0.00|$25,000.00|$0.00|$0.00|$0.00|$974,000.00| |**Bond** Water Phase 2|USDA|8/22/18|5/31/55|$1,349,500.00|$0.00|$25,000.00|$0.00|$0.00|$0.00|$1,324,500.00| |**Bond** Garbage/ Leaf Truck||2/15/24|2/15/27|$0.00|$50,000.00|$0.00|$0.00|$0.00|$0.00|$50,000.00| |**Bond** Sewer System|EFC|5/16/24|3/18/54|$0.00|$6,162,618.00|$0.00|$0.00|$0.00|$0.00|$6,162,618.00| |**Bond Anticipation Note** Sewer System|EFC|3/23/22|9/11/23|$6,295,117.51|$605,917.92|$738,417.43|$6,162,618.00|$0.00|$0.00|$0.00| OSC Municipality Code 130470304160 5550 ## Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **Bond Repayment** |**Fiscal Year Ending**|**Bond Principal Due**|**Bond Interest Due**|**Total Due**|**Remaining Principal Balance**| |---|---|---|---|---| |2025|$289,815.50|$62,593.85|$352,409.35|$8,281,344.50| |2026|$290,815.50|$60,464.38|$351,279.88|$7,990,529.00| |2027|$297,815.50|$50,192.49|$348,007.99|$7,692,713.50| |2028|$270,033.50|$55,575.31|$325,608.81|$7,422,680.00| |2029|$263,430.00|$54,126.88|$317,556.88|$7,159,250.00| |2030|$264,430.00|$52,645.18|$317,075.18|$6,894,820.00| |2031|$266,430.00|$51,112.05|$317,542.05|$6,628,390.00| |2032|$267,430.00|$49,557.50|$316,987.50|$6,360,960.00| |2033|$269,430.00|$47,951.88|$317,381.88|$6,091,530.00| |2034|$271,430.00|$46,295.01|$317,725.01|$5,820,100.00| |2035|$272,930.00|$44,596.88|$317,526.88|$5,547,170.00| |2036|$274,930.00|$67,500.00|$342,430.00|$5,272,240.00| |2037|$275,930.00|$41,053.44|$316,983.44|$4,996,310.00| OSC Municipality Code 130470304160 5651 ## Village of Red Hook ## Annual Financial Report ## For the Fiscal Period 06/01/2023 - 05/31/2024 |**Fiscal Year Ending**|**Bond Principal Due**|**Bond Interest Due**|**Total Due**|**Remaining Principal Balance**| |---|---|---|---|---| |2038|$278,430.00|$39,865.94|$318,295.94|$4,717,880.00| |2039|$280,430.00|$37,319.38|$317,749.38|$4,437,450.00| |2040|$281,930.00|$35,373.75|$317,303.75|$4,155,520.00| |2041|$284,430.00|$33,379.06|$317,809.06|$3,871,090.00| |2042|$287,430.00|$30,587.50|$318,017.50|$3,583,660.00| |2043|$288,930.00|$29,478.76|$318,408.76|$3,294,730.00| |2044|$291,430.00|$26,277.19|$317,707.19|$3,003,300.00| |2045|$293,930.00|$24,030.62|$317,960.62|$2,709,370.00| |2046|$296,430.00|$21,717.19|$318,147.19|$2,412,940.00| |2047|$298,430.00|$19,346.88|$317,776.88|$2,114,510.00| |2048|$300,930.00|$16,911.88|$317,841.88|$1,813,580.00| |2049|$303,430.00|$12,585.62|$316,015.62|$1,510,150.00| |2050|$306,430.00|$10,044.30|$316,474.30|$1,203,720.00| |2051|$309,430.00|$7,083.62|$316,513.62|$894,290.00| OSC Municipality Code 130470304160 5752 ## Village of Red Hook ## Annual Financial Report ## For the Fiscal Period 06/01/2023 - 05/31/2024 |**Fiscal Year Ending**|**Bond Principal Due**|**Bond Interest Due**|**Total Due**|**Remaining Principal Balance**| |---|---|---|---|---| |2052|$291,930.00|$6,890.62|$298,820.62|$602,360.00| |2053|$268,430.00|$4,992.21|$273,422.21|$333,930.00| |2054|$268,930.00|$3,039.07|$271,969.07|$65,000.00| |2055|$65,000.00|$1,023.44|$66,023.44|$0.00| |**Total**|$8,571,160.00|$1,043,611.88|$9,614,771.88|| |$8,571,160.00 Total Bond Ending Balance for Statement of Indebtedness.||||| OSC Municipality Code 130470304160 5853 ## Village of Red Hook ## Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **Bank Reconciliation** ## **Accounts** |**Account No.**|**Account Type**|**Associated Fund(s)**|**Bank Balance**|**Deposits In Transit**|**Outstanding Checks**|**Adjustments**|**Total**| |---|---|---|---|---|---|---|---| |3874|Checking|A|$10,271.88|$0.00|($2,889.50)|$0.00|$7,382.38| |366|Checking|A|$777,399.34|$354.00|($8,555.96)|$0.00|$769,197.38| |182|Checking|A|$12,719.32|$0.00|$0.00|$0.00|$12,719.32| |399|Checking|A|$39,152.54|$0.00|($958.92)|$0.00|$38,193.62| |4058|Savings|A|$588.68|$0.00|$0.00|$0.00|$588.68| |3938|Savings|A|$17,629.49|$0.00|$0.00|$0.00|$17,629.49| |3399|Savings|A|$1,004.54|$0.00|$0.00|$0.00|$1,004.54| |3406|Savings|A|$7,256.74|$0.00|$0.00|$0.00|$7,256.74| |3422|Savings|A|$3,407.21|$0.00|$0.00|$0.00|$3,407.21| |3844|Savings|A|$3,387.46|$0.00|$0.00|$0.00|$3,387.46| |4066|Savings|A|$7,762.56|$0.00|$0.00|$0.00|$7,762.56| |3258|Savings|EW|$18,294.61|$0.00|$0.00|$0.00|$18,294.61| |3943|Savings|EW|$143,444.99|$0.00|$0.00|$0.00|$143,444.99| |410|Checking|EW|$444,916.92|$370.36|($12,239.10)|$0.00|$433,048.18| |1088|Checking|ES|$62,795.38|$0.00|($29,431.70)|$0.00|$33,363.68| |5772|Checking|TE|$4,618.68|$750.00|$0.00|$0.00|$5,368.68| |493|Checking|TE|$9,692.50|$0.00|$0.00|$0.00|$9,692.50| OSC Municipality Code 130470304160 5954 ## Village of Red Hook ## Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 |**Accounts**|**Accounts**|**Accounts**|**Accounts**|**Accounts**|**Accounts**|**Accounts**|**Accounts**| |---|---|---|---|---|---|---|---| |**Account No.**|**Account Type**|**Associated Fund(s)**|**Bank Balance**|**Deposits In Transit**|**Outstanding Checks**|**Adjustments**|**Total**| |366|Checking|A|$777,399.34|$354.00|($8,555.96)|$0.00|$769,197.38| |3874|Checking|A|$10,271.88|$0.00|($2,889.50)|$0.00|$7,382.38| |399|Checking|A|$39,152.54|$0.00|($958.92)|$0.00|$38,193.62| |40583943|Savings|AEW|$588143,444.6899|$0.00|$0.00|$0.00|$588143,444.99| |410|Checking|EW|$444,916.92|$370.36|($12,239.10)|$0.00|$433,048.18| |1088|Checking|ES|$62,795.38|$0.00|($29,431.70)|$0.00|$33,363.68| |39385772|SavingsChecking|ATE|$174,629618.4968|$750.00|$0.00|$0.00|$5,368.68| |493|Checking|TE|$9,692.50|$0.00|$0.00|$0.00|$179,629692.4950| |**Total**|||$1,564,342.84|$1,474.36|($54,075.18)|$0.00|$1,511,742.02| |$1,511,742.02 **Total Cash From Financials**|||||||| OSC Municipality Code 130470304160 6055 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **Bank Reconciliation** ## **Collateralization of Cash** ## **Investments and Collateralization of Investments** |**Collateralization of Cash**|| |---|---| |**Total Bank Balance**|$1,564,342.84| |FDIC Insurance|$500,000.00| |Collateralized with Securities held in possession of the municipality or its agent or otherwise secured|$1,515,210.32| |**Total of FDIC Insurance and Collateralized with** **securities held in possession of the municipality or its** **agent or otherwise secured**|$2,015,210.32| |**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 6156 Village of Red Hook Annual Financial Report For the Fiscal Period 06/01/2023 - 05/31/2024 ## **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|10||0|||2||| |**Number Receving Benefits**||||||||| |**Benefit**||**Amount**||**Full Time**|**Part Time**||**Volunteer**|**Retiree**| |Social Security||$72,068.53||9|10|||0| |Worker's Compensation||$57,046.39||9|10|||0| |State Retirement System||$3830,560.16||5|3|||2| |Police Retirement||$108,305.83||4|5|||0| |Fire Retirement||||||||| |Local Pension Fund||$8,491.87||0|0|||0| |Social Security||$66,552.60||9|10|||0| |Worker's Compensation||$50,046.39||9|10|||0| |Life Insurance||||||||| |Unemployment Insurance||||||||| |Disability Insurance||$2,464.00||9|10|||0| |Hospital, Medical and Dental Insurance||$233170,423.13||9|0|||2| |Union Welfare Benefits||||||||| |Supplemental Benefit Payments to Disabled Firefighters||||||||| |Employee Benefits,Other||$4,856194.5731||0|0|||0| |**Total Employee Benefits Paid** $525441,216038.4829||||||||| OSC Municipality Code 130470304160 6257

References

This document cites or incorporates the following separate documents:

2025-04-03Climate Smart Communities Task Force Draft Meeting Notes — January 22 & March 20, 2025
Document A is a monthly status report from September 2024; Document B is draft meeting notes from March 2025 discussing ongoing CSC Task Force work—they are separate board documents 178 days apart that reference the same initiative but occupy different slots (monthly report vs. meeting notes) and are not revisions of the same singular decision.
2025-05-12Resolution to Establish a Climate Smart Communities Task Force
2025-05-30Resolution to Establish a Climate Smart Communities Task Force
2025-07-28Resolution to Authorize Submission of Consolidated Funding Application (CFA) Grant for Sewer Phase II Project

Referenced by

These other documents cite or incorporate this one:

2023-11-13Sign letter of support for Climate Smart Communities grant
2023-11-13Resolution to Approve WWTP Capacity Study by Delaware Engineering Using ARPA Funds
2024-06-10Resolution to Authorize Submittal of Sewer Phase Ii Project for Listing on the Clean Water State Revolving Fund Intended Use Plan (Iup)
2024-06-10Resolution to Authorize Submittal of Sewer Phase II Project for Listing on the Clean Water State Revolving Fund Intended Use Plan (IUP)
2024-07-11Resolution to Authorize Submission of Consolidated Funding Application (CFA) Grant Application for Sewer Phase II Project
2024-07-15Resolution to Authorize Submission of Consolidated Funding Application (CFA) Grant Application for Sewer Phase Ii Project
2024-10-07Deputy Mayor Melkorka Kjarval's Monthly Reports — October 7, 2024
Document A is the Mayor's Report covering multiple village operations; Document B is a collection of separate monthly reports from individual committees and departments, each a distinct artifact with its own scope and authorship.
2024-10-07NYS DEC Wastewater Facility Operation Report — August 2024
2025-07-28Resolution to Authorize Submission of Consolidated Funding Application (CFA) Grant for Sewer Phase Ii Project

Recurring pattern

These other chains use the same template but are separate decisions: