Red Hook WatchIndependent Community Resource

Private Purpose Trust Fund (TE) — Statement of Net Position and Results of Operations

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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

45

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