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
| 05/31/2024 | 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 | $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
| 05/31/2024 | 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 | $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
| 05/31/2024 | 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 | $2,455,824.72 | $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
| 05/31/2024 | 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 | $2,471,321.98 | $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
| 05/31/2025 | 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