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Annual Financial Report — Village of Red Hook, Fiscal Year 06/01/2023–05/31/2024

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    Annual Financial Report — Village of Red Hook, Fiscal Year 06/01/2023–05/31/2024
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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***

  2. 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
TE - Private Purpose Trust..................................................................................................................41
K - Schedule of Non-Current Government Assets..................................................................................................................46
W - Schedule of Non-Current Government Liabilities..................................................................................................................47
Supplemental Schedules.....................................................................................................................48
Statement of Indebtedness..................................................................................................................49
Bond Repayment..................................................................................................................51
Bank Reconciliation..................................................................................................................54
Employee and Retiree Benefits..................................................................................................................57

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

  • 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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

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Village of Red Hook

Annual Financial Report

For the Fiscal Period 06/01/2023 - 05/31/2024

A - General Results of Operations

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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$50,000.00$0.00$0.00
Total for Other Sources$50,000.00$0.00$65,000.00
Total for Revenues and Other Sources$2,471,321.98$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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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$196,653.72--
81604 - Refuse and Garbage - Contractual$13,462.55$13,170.01$14,142.81
Total for Sanitation$230,062.55$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$334,834.78$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

05/31/202405/31/202305/31/2022
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$2,455,824.72$2,158,270.57$2,174,831.23
Total for Expenditures and Other Uses$2,455,824.72$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

05/31/202405/31/202305/31/2022
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$2,471,321.98$2,284,360.07$2,178,499.81
Deduct Expenditures and Other Uses$2,455,824.72$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

05/31/202505/31/202405/31/2023
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

05/31/202505/31/202405/31/2023
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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
Other Revenues
2706 - Grants From Local Governments$1,046,983.27--
Total for Other Revenues$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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202505/31/202405/31/2023
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

05/31/202505/31/202405/31/2023
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

05/31/202405/31/202305/31/2022
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$200,333.29$98,353.22$96,727.40
Total for Net Other Receivables$200,333.29$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$886,881.72$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

05/31/202405/31/202305/31/2022
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$9,339,322.72$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$9,533,153.72$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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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$367,069.20$236,382.02$134,381.83
Total for Unrestricted Net Position$367,069.20$236,382.02$134,381.83
Total for Net Position$6,635,249.80$6,759,926.26$6,925,756.08
Total for Liabilities, Deferred Inflows and Net Position$9,533,153.72$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

05/31/202405/31/202305/31/2022
Revenues and Other Sources
Revenues
Departmental Income
2140 - Metered Water Sales$676,262.92$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$703,203.26$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
Other Revenues
2706 - Grants From Local Governments$174,401.31--
Total for Other Revenues$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

05/31/202405/31/202305/31/2022
Total for Federal Aid$0.00$23,053.00$0.00
Total for Revenues$890,091.85$611,643.49$556,960.88
Total for Revenues and Other Sources$890,091.85$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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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

05/31/202405/31/202305/31/2022
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$890,091.85$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$6,635,249.80$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

05/31/202505/31/202405/31/2023
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

05/31/202505/31/202405/31/2023
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

TE - Private Purpose Trust Statement of Net Position

05/31/202405/31/202305/31/2022
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

41

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

05/31/202405/31/202305/31/2022
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

42

Village of Red Hook

Annual Financial Report

For the Fiscal Period 06/01/2023 - 05/31/2024

TE - Private Purpose Trust Results of Operations

05/31/202405/31/202305/31/2022
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

43

Village of Red Hook

Annual Financial Report

For the Fiscal Period 06/01/2023 - 05/31/2024

TE - Private Purpose Trust Results of Operations

05/31/202405/31/202305/31/2022
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

44

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

05/31/202405/31/202305/31/2022
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

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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

05/31/202405/31/202305/31/2022
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

46

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

05/31/202405/31/202305/31/2022
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

47

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

48

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

49

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

50

Village of Red Hook Annual Financial Report

For the Fiscal Period 06/01/2023 - 05/31/2024

Bond Repayment

Fiscal Year EndingBond Principal DueBond Interest DueTotal DueRemaining 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

51

Village of Red Hook

Annual Financial Report

For the Fiscal Period 06/01/2023 - 05/31/2024

Fiscal Year EndingBond Principal DueBond Interest DueTotal DueRemaining 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

52

Village of Red Hook

Annual Financial Report

For the Fiscal Period 06/01/2023 - 05/31/2024

Fiscal Year EndingBond Principal DueBond Interest DueTotal DueRemaining 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

53

Village of Red Hook

Annual Financial Report

For the Fiscal Period 06/01/2023 - 05/31/2024

Bank Reconciliation

Accounts

Account No.Account TypeAssociated Fund(s)Bank BalanceDeposits In TransitOutstanding ChecksAdjustmentsTotal
3874CheckingA$10,271.88$0.00($2,889.50)$0.00$7,382.38
366CheckingA$777,399.34$354.00($8,555.96)$0.00$769,197.38
182CheckingA$12,719.32$0.00$0.00$0.00$12,719.32
399CheckingA$39,152.54$0.00($958.92)$0.00$38,193.62
4058SavingsA$588.68$0.00$0.00$0.00$588.68
3938SavingsA$17,629.49$0.00$0.00$0.00$17,629.49
3399SavingsA$1,004.54$0.00$0.00$0.00$1,004.54
3406SavingsA$7,256.74$0.00$0.00$0.00$7,256.74
3422SavingsA$3,407.21$0.00$0.00$0.00$3,407.21
3844SavingsA$3,387.46$0.00$0.00$0.00$3,387.46
4066SavingsA$7,762.56$0.00$0.00$0.00$7,762.56
3258SavingsEW$18,294.61$0.00$0.00$0.00$18,294.61

OSC Municipality Code 130470304160

54

Village of Red Hook

Annual Financial Report

For the Fiscal Period 06/01/2023 - 05/31/2024

AccountsAccountsAccountsAccountsAccountsAccountsAccountsAccounts
Account No.Account TypeAssociated Fund(s)Bank BalanceDeposits In TransitOutstanding ChecksAdjustmentsTotal
3943SavingsEW$143,444.99$0.00$0.00$0.00$143,444.99
410CheckingEW$444,916.92$370.36($12,239.10)$0.00$433,048.18
1088CheckingES$62,795.38$0.00($29,431.70)$0.00$33,363.68
5772CheckingTE$4,618.68$750.00$0.00$0.00$5,368.68
493CheckingTE$9,692.50$0.00$0.00$0.00$9,692.50
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

55

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

56

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 EmployeesPart Time EmployeesPart Time EmployeesVolunteers with Paid BenefitsVolunteers with Paid BenefitsVolunteers with Paid BenefitsRetirees with Paid BenefitsRetirees with Paid BenefitsRetirees with Paid Benefits
91002
Number Receving Benefits
BenefitAmountFull TimePart TimeVolunteerRetiree
State Retirement System$30,560.16532
Police Retirement$108,305.83450
Fire Retirement
Local Pension Fund$8,491.87000
Social Security$66,552.609100
Worker's Compensation$50,046.399100
Life Insurance
Unemployment Insurance
Disability Insurance$2,464.009100
Hospital, Medical and Dental Insurance$170,423.13902
Union Welfare Benefits
Supplemental Benefit Payments to Disabled Firefighters
Employee Benefits,Other$4,194.31000
Total Employee Benefits Paid
$441,038.29

OSC Municipality Code 130470304160

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Changes between versions

2025-05-08→2025-05-12
substantive change+8 −24

The document title and scope changed from a multi-departmental monthly report to a single-department Building Department report.

  • Title changed from 'Village of Red Hook Sewer Department Monthly Report — April 2025' to 'Building Department Monthly Trustee's Report — April 2025'
  • Document date changed from '2025-05-08' to '2025-05-12'
  • Removed 'Village of Red Hook Speed Limit Initiative Monthly Report April 2025'
  • Removed 'Village of Red Hook Town of Red Hook Greenway and Trails Committee Monthly Report April 2025'
  • Removed 'Village of Red Hook Climate Smart Communities Monthly Report April 2025'
Show red-line diff
## Village of Red Hook Sewer Department Monthly Report April 2025 In April, the new operators created an action list to address repairs, trace complaints to root causes, and began weekly instead of monthly testing. They uncovered multiple design and — “ ” operational issues —many components were broken or had never functioned. As a “pocket plant,” everything was supposed to be included, but there was no treatment on Day 1, so chlorine was used for disinfection. Dechlorinating tabs arrived mid-month and are now in use. EQ tank pumps were running at full capacity, possibly overloading the plant and washing out the — — microbial community. There was no flow control —just zero or maximum —prompting a recommendation for a larger EQ tank and smaller pumps. The current tank only works if everything functions perfectly, leaving no room for error. Aeration was insufficient, so more blowers were added. In the clarifier, sludge wasn ’ t returning properly, causing buildup and blowouts. With added pumps, sludge movement improved, clarifying the water, though return pipes still clog. MLSS held steady at 1,000 mg/L — sufficient for microbial growth. The weirs weren ’ t level due to a tilted tank, causing uneven flow. Delaware adjusted them to a 60/40 balance, better than before, but true 50/50 won't be possible until the tank is leveled. Uneven flow has been overloading the sand filters. Their auto controls weren ’ t working, and manual use trips breakers. Sand filters need replacement about every two years. UV filters were scheduled for replacement under a new contract. Sand filters will be addressed once the old plant is back online. Major repairs are planned for the week of May 12. Although the microbial community began to recover in April, the plant still didn ’ t meet ammonia limits and seems to be receiving more pollutants than it was designed to handle. Pumps were removed from automatic mode to prevent washing out microbes and are now operated manually. A SCADA system would be needed to automate them safely. I raised the possibility of a sewer-use area moratorium due to community concerns and the plant ’ s current instability, even though it ’ s under capacity. No specific criteria for triggering a moratorium were provided, only that it would be a last-resort measure. The mayor and Robert Flores (Delaware sewer operator) hosted a second community info session, with a third scheduled for **Thursday, June 5.** The Sewer team meets every other Friday. If you have concerns, comments, etc. related to the WWTP or the Sewer Use Area please do not hesitate to reach out. Village of Red Hook Speed Limit Initiative Monthly Report April 2025 The engineer is reaching out to colleague for best advice in how to move forward Village of Red Hook Town of Red Hook Greenway and Trails Committee Monthly Report April 2025 The April meeting covered proposed the Winnakee Land Trust Ribbon Cutting day for the expanded Saw Kill trail which was moved to June 7[th] (national trails day) from April 26[th] which was Rails to Trails Conservancy Trails Day due to DEC scheduling conflicts. It also covered how the committee will be involved in the Tour De Red Hook which happened May 4[th] . The ’ – committee agreed that they d provide swag free stickers, safety information, trail information and use it as an opportunity to promote all the trails and even though this ride was using the Cookingham Farm trails specifically. They agreed to order kid and adult reflective vests, reflective stickers with the trails logo and trail maps all of which would be free to those in the community who participated. The committee is actively working on promoting the trails as off-road and safer options for traveling between schools and neighborhoods and working through educational material to send out regarding the “ rules of the roads/trails ” such as road safety, looking both ways, walking against traffic, riding with traffic, etc. Village of Red Hook Climate Smart Communities Monthly Report April 2025 April ’ s meeting was devoted to collecting suggestions of pledge elements from the CSC Program to start to prioritize them for Board Approval. However, the taskforce must be formally created with authority. There were many Action items from each Pledge Element that would be helpful. The Tour de Red Hook Bike ride was discussed in relation to PE 6 (climate smart land use). It offers a great opportunity to gather more data on street and trail usage and requests directly from our residents. The Repair Café was a well-attended event that ’ happens quarterly with the Town s CAC at The Red Hook Community Center – the CSC participated via engagement with residents about the upcoming compost program. We ’ even had a few people sign up for it – however, I think they re town residents. But it is always great to engage with chat with the members of our community. The website page has been created and designed and waiting for final uploading to our site and Sign Painter Colin Packard has created a few renderings of the big sign for the shed which would also include the Village Logo as well as acknowledge the County for their financial sponsorship. I also want to thank Polina Malikin for her work on the program ’ s logo.
2025-05-12→2025-05-12
substantive change+8 −12

The document has been completely replaced with reports for the Greenway and Trails Committee and the Climate Smart Communities taskforce.

  • Title changed from 'Building Department Monthly Trustee's Report — April 2025' to 'Sewer Department Monthly Report — April 2025'
  • Substantive content change: The entire Sewer Department report regarding plant operations, pumps, and UV filters has been removed.
  • Added 'Village of Red Hook Town of Red Hook Greenway and Trails Committee Monthly Report April 2025' section regarding the Winnakee Land Trust Ribbon Cutting and Tour De Red Hook.
  • Added 'Village of Red Hook Climate Smart Communities Monthly Report April 2025' section regarding CSC Program pledge elements and the Repair Café.
Show red-line diff
## Village of Red Hook SewerSpeed DepartmentLimit Initiative Monthly Report April 2025 InThe engineer is reaching out to colleague for best advice in how to move forward Village of Red Hook Town of Red Hook Greenway and Trails Committee Monthly Report April, 2025 The April meeting covered proposed the newWinnakee operatorsLand createdTrust anRibbon actionCutting listday for the expanded Saw Kill trail which was moved to addressJune repairs,7[th] trace(national complaintstrails day) from April 26[th] which was Rails to rootTrails causes,Conservancy and began weekly instead of monthly testing. They uncovered multiple design and operational issues—many components were broken or had never functioned. As a “pocket plant,” everything was supposed to be included, but there was no treatment onTrails Day 1, so chlorine was used for disinfection. Dechlorinating tabs arrived mid-month and are now in use. EQ tank pumps were running at full capacity, possibly overloading the plant and washing out the microbial community. There was no flow control—just zero or maximum—prompting a recommendation for a larger EQ tank and smaller pumps. The current tank only works if everything functions perfectly, leaving no room for error. Aeration was insufficient, so more blowers were added. In the clarifier, sludge wasn’t returning properly, causing buildup and blowouts. With added pumps, sludge movement improved, clarifying the water, though return pipes still clog. MLSS held steady at 1,000 mg/L—sufficient for microbial growth. The weirs weren’t level due to aDEC tiltedscheduling tank, causing uneven flowconflicts. DelawareIt adjustedalso themcovered to a 60/40 balance, better than before, but true 50/50 won't be possible untilhow the tank is leveled. Uneven flow has been overloading the sand filters. Their auto controls weren’t working, and manual use trips breakers. Sand filters need replacement about every two years. UV filters were scheduled for replacement under a new contract. Sand filterscommittee will be addressedinvolved oncein the oldTour plantDe isRed backHook onlinewhich happened May 4[th] . MajorThe repairscommittee areagreed plannedthat forthey’d provide swag – free stickers, safety information, trail information and use it as an opportunity to promote all the weektrails and even though this ride was using the Cookingham Farm trails specifically. They agreed to order kid and adult reflective vests, reflective stickers with the trails logo and trail maps all of May 12. Although the microbial community began to recover in April, the plant still didn’t meet ammonia limits and seems to be receiving more pollutants than it was designed to handle. Pumps were removed from automatic mode to prevent washing out microbes and are now operated manually. A SCADA systemwhich would be neededfree to automatethose in the community who participated. The committee is actively working on promoting the trails as off-road and safer options for traveling between schools and neighborhoods and working through educational material to send out regarding the “rules of the roads/trails” such as road safety, looking both ways, walking against traffic, riding with traffic, etc. Village of Red Hook Climate Smart Communities Monthly Report April 2025 April’s meeting was devoted to collecting suggestions of pledge elements from the CSC Program to start to prioritize them safelyfor Board Approval. I raisedHowever, the possibilitytaskforce ofmust abe sewer-useformally areacreated moratoriumwith due to community concerns and the plant’s current instability, even though it’s under capacityauthority. No specific criteria for triggering a moratoriumThere were provided,many onlyAction items from each Pledge Element that it would be a last-resort measurehelpful. The mayorTour de Red Hook Bike ride was discussed in relation to PE 6 (climate smart land use). It offers a great opportunity to gather more data on street and Roberttrail Floresusage (Delawareand sewerrequests operator)directly hostedfrom our residents. The Repair Café was a secondwellattended communityevent infothat session,happens quarterly with athe thirdTown’s scheduledCAC forat **Thursday, June 5.** The SewerRed teamHook meetsCommunity everyCenter other Friday. If you have concerns, comments, etc. related to– the WWTPCSC orparticipated thevia Sewerengagement Usewith Area please do not hesitate to reach out.residents

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