Town of Chase 2004 Financial Report    
  Of the Town Board of Audit    
  For the Year Ending December 31, 2004    
       
INCOME      
   
BEGINNING ACCT BALANCES      
Beginning Checking Acct Balance January 1, 2004 22,286.49  
Beginning Money Market Acct Balance January 1, 2004 59,125.11  
Beginning Tax Collection Acct Balance December 15, 2003  ( Before 2004 Tax Roll Collections ) 2,504.59  
TOTAL BEGINNING ACCT BALANCES                   83,916.19
       
2003 TAX ROLL INCOME      
Omitted Property Tax Collected ( Was Not On Tax Roll )           2,235.24  
Real Estate & Personal Property Taxes Collected       1,641,250.05  
Dog Tax Collected                 1,211.00  
Delinquent Personal Property Taxes Collected ( Funds Stay In Town )                     19.54  
Lottery Credit on Tax Roll Received               60,970.21  
State Tax Credit Received             165,902.59  
Real Estate Tax Settlement from Received from Oconto County             55,884.64  
Lottery Credit on Mobile Home Park Received                 2,435.53  
Mobile Home Park Fees Collected                 4,930.78  
MFL & Ag Penalties Collected                 3,849.45  
Dog License Tax Settlement from Cty                 1,065.20  
TOTAL 2003 TAX ROLL INCOME 12/15/04              1,939,754.23
       
OTHER INCOME      
Transportation Aids Received from the State         104,663.75  
State Shared Revenues   53,661.95  
Construction Deposits ( %100 Refunded if No Road Damage ) 57,000.00  
Local Fees Collected ( Building & Driveway Permits, Other ) 42,523.40  
Garbage & Tire Transfer Fees   9,888.23  
Fire Insurance Rebate   4,570.16  
Hall Rental Fees   1,425.00  
Liquor & Beer License Fees   1,219.50  
Fire Call Fees Received   1,190.00  
Gypsy Moth Reimbursement Share   277.19  
Park Funds Received   15,359.60  
Title Search Fees   211.00  
Social Security & Medicare Adjustment - Deducted in 2004 & Paid in 2005 314.55  
Road Service Charges for Local Residents   110.00  
Bank Fees Collected from Residents for Non-Sufficient Funds 6.00  
Franchise Fees from Time Warner Cable   77.64  
TOTAL OTHER INCOME 12/31/04                 292,497.97
       
INTEREST EARNED ON ACCOUNTS      
Tax Collection Acct 12/15/03 - 12/15/04  ( Before 2004 Tax Collections ) 1,529.31  
Checking Acct 1/01/04 - 12/31/04   350.39  
Money Market Savings Acct 1/01/04 - 12/31/04   1,799.35  
TOTAL INTEREST EARNED ON ACCOUNTS                      3,679.05
   
TOTAL BEGINNING BALANCES, 2003 TAX ROLL INCOME, OTHER INCOME, & INTEREST INCOME      2,319,847.44
       
EXPENSES      
   
2003 TAX ROLL EXPENSES      
Property Tax Paid to Pulaski Community Schools (870,780.52)  
Property Tax Paid to Oconto Falls Schools   (7,335.91)  
Property Tax Paid to Northeast WI Technical College (129,971.59)  
Property Tax Paid to Oconto County and the State of WI (479,328.64)  
Property Tax Paid to Krakow Sanitary District   (668.53)  
Property Tax Paid to Pulaski Community Schools from Mobile Home Park Residents (5,314.14)  
Lottery Credits Paid to Oconto County and Area Schools (58,032.36)  
Dog License Tax Paid to Oconto County   (1,144.00)  
Property Tax Overpayment & Lottery Credit Refunds Issued for 2003 Tax Roll ( 12/15/03 - 12/15/04 ) (15,174.74)  
Delinquent Utility Charge Paid to Krakow Sanitary District (190.74)  
MFL & Ag Use Penalties ( 20% of Penalties Collected Gets Paid to Oconto County ) (288.16)  
State Tax Credit Paid to County   (165,902.70)  
Illegal Tax Paid to County ( Property Tax Assumed by Town Due to Re-Surveyed Property ) (45.13)  
Other Tax Expenses ( Printer Paper & Ink, Postage for Tax Bills & Tax Receipts, Tax Envelopes, Other ) (941.81)  
TOTAL 2003 TAX ROLL EXPENSES 12/15/03 - 12/15/04          (1,735,118.97)
       
LOCAL GOVERNMENT WAGES & EXPENSES    
Town Chairman Wages - Robert Schaden   (7,000.00)  
Town Supervisor Wages - Dennis Kroll   (4,200.00)  
Town Supervisor Wages - Steven Gohr   (4,200.00)  
Town Board Meeting Wages & Expenses   (4,873.14)  
Town Clerk Wages - Jeanne Wroblewski   (11,000.00)  
Town Clerk Expenses   (1,510.79)  
Town Treasurer Wages - Kristin Kolkowski   (7,000.00)  
Town Treasurer Expenses ( Printer, Software, Postage, Office Supplies, Other ) (2,340.09)  
Building Inspector Wages & Expenses - Donna Jensen (35,028.45)  
Assessor Wages & Expenses ( Includes $3000 for Converting Assessment Record Software Program ) (12,785.42)  
Town Hall Construction & Maintenance Wages & Expenses (2,352.64)  
Planning Commission Wages & Expenses   (621.11)  
Town Hall Cleaning Wages & Expenses   (935.00)  
Election Wages & Expenses   (2,762.19)  
Town Hall Snow Plowing & Grass Cutting Wages & Expenses (1,715.00)  
Town Insurance   (15,449.20)  
Legal Fees   (7,462.99)  
Town Hall Utilities, Supplies & Expenses   (5,269.25)  
Ads, Publications, & Website Expenses (  www.townofchase.org  ) (1,465.88)  
Dues & Registration Fees   (2,643.50)  
State Withholding Paid in 2004 for Taxes Deducted in 2003 ( Used to Balance 2003 Financial Report ) (2,652.55)  
Town Share Social Security, Medicare, and State Withholding for Local Government Wages (4,784.72)  
TOTAL LOCAL GOVERNMENT 1/01/04 - 12/31/04          (138,051.92)
   
HIGHWAY & COUNTY ROAD EXPENSES      
Road Workers Wages         (11,119.49)  
Town Truck & Tractor Expenses ( Includes $6367 for Grass Mower )              (9,121.01)  
Road Patching Material                (5,670.36)  
Road Signs & Hardware                (1,814.27)  
County Road Maintenance ( Winter Snow Plowing & Salt )           (25,739.56)  
County Road Maintenance ( Spring, Summer, and Fall )              (8,996.86)  
Road Surfacing Expenses ( Sealcoating, Blacktopping, Patching )         (133,976.68)  
Grass & Brush Cutting Wages ( Along Roadways )              (4,100.00)  
Culvert Pipe Expenses                (5,583.96)  
Sub-Contracted Labor for Major Road Construction Projects           (43,003.30)  
Road Shouldering & Grading Expenses                (8,309.75)  
Construction Deposit Refunds ( 100% Refunded if No Road Damage During Construction )           (57,352.00)  
Town Share of Social Security & Medicare Taxes for Road Workers                 (722.10)  
TOTAL HIGHWAY & COUNTY ROAD EXPENSES 1/01/04 - 12/31/04          (315,509.34)
   
OTHER WAGES & EXPENSES ( Public Health, Safety, and Services )    
Recycling Wages & Expenses   (4,137.73)  
Recycling Pick-Up Fees ( Waste Management / Oconto Cty Recycling ) (3,385.95)  
Pulaski Tri-County Fire Department Payment   (23,852.66)  
Town of Maple Grove Firehouse Loan Payments & Other Shared Town Expenses (8,060.00)  
Rescue Squad Services   (17,311.32)  
Animal Control Wages & Expenses - Rick Courtney (1,440.00)  
Cemetery Maintenance Wages & Expenses   (2,000.00)  
Landfill Soil Testing Fee   (4,220.00)  
Gypsy Moth Spraying Fee   (554.37)  
Bank Service Charges ( Non-Sufficient Funds, Other ) (12.00)  
Park Fund Wages & Expenses Paid in Checking Acct (4,975.92)  
Park Funds Transferred to Park Acct   (1,675.03)  
Town Share of Social Security & Medicare Taxes for Other Town Wages (325.36)  
TOTAL OTHER EXPENSES 1/01/04 - 12/31/04            (71,950.34)
       
TOTAL EXPENSES         (2,260,630.57)
       
INCOME MINUS EXPENSES               59,216.87
       
  BALANCE SHEET    
   
BEGINNING BALANCES      
Tax Collection Acct 12/15/03 ( Before 2004 Tax Roll Collections )         22,286.49  
Checking Acct 1/01/04           59,125.11  
Money Market Savings Acct 1/01/04             2,504.59  
TOTAL BEGINNING BALANCES            83,916.19
       
INCOME      
2003 Tax Roll Income        1,939,754.23  
Other Income           292,497.97  
Interest on Tax Collection Acct, Checking Acct, and Money Market Savings Acct             3,679.05  
TOTAL INCOME       2,235,931.25
TOTAL BEGINNING BALANCES, INCOME, & ENDING BALANCES     2,319,847.44
   
EXPENSES      
2003 Tax Roll Expenses       (1,735,118.97)  
Local Government Wages & Expenses          (138,051.92)  
Highway & County Road Wages & Expenses          (315,509.34)  
Other Wages & Expenses            (71,950.34)  
TOTAL EXPENSES      (2,260,630.57)
       
REMAINING FUNDS AVAILABLE FOR THE TOWN OF CHASE IN 2004             59,216.87
       
   END OF YEAR RECONCILING BALANCE    
   
CHECKING ACCOUNT BALANCE FORWARD JANUARY 1, 2004         22,286.49  
DEPOSITS               647,636.61  
INTEREST EARNED ON ACCT                      350.39  
FUNDS TRANSFERRED IN FROM OTHER ACCTS            1,752,828.79  
FUNDS TRANSFERRED OUT TO OTHER ACCTS              (909,823.84)  
WITHDRAWALS           (1,503,478.87)  
CHECKING ACCOUNT ENDING BALANCE DECEMBER 31, 2004               9,799.57
   
TAX  ACCOUNT BALANCE FORWARD DECEMBER 15, 2003 ( Before 2004 Tax Roll Collections )           2,504.59  
DEPOSITS            1,646,870.46  
INTEREST EARNED ON ACCT                   1,529.31  
FUNDS TRANSFERRED TO CHECKING ACCT           (1,644,020.35)  
RETURNED TAX PAYMENT CHECKS FOR NON-SUFFICIENT FUNDS                (3,379.17)  
BANK FEES FOR NSF CHECKED ( Charged Back to Resident )                     (12.00)  
ENDING TAX  ACCOUNT BALANCE DECEMBER 15, 2004 ( Before 2004 Tax Roll Collections )             3,492.84
   
MONEY MARKET SAVINGS ACCOUNT BALANCE FORWARD JANUARY 1, 2004         59,125.11  
INTEREST EARNED ON ACCT                   1,799.35  
FUNDS TRANSFERRED INTO ACCT               150,000.00  
FUNDS TRANSFERRED OUT OF ACCT              (165,000.00)  
ENDING MONEY MARKET SAVINGS ACCOUNT BALANCE DECEMBER 31, 2004             45,924.46
   
 TOTAL ACCOUNT ENDING BALANCES FOR 2004 ( Excluding Park Acct )           59,216.87
 
  PARK FUND INCOME & EXPENSES    
       
THIS ACCOUNT HAS BEEN EXCLUDED FROM THE OTHER ACCOUNTS BECAUSE THESE FUNDS CAN NOT BE
USED BY THE TOWN TO PAY TOWN WAGES & EXPENSES.  THESE FUNDS ARE EXCLUSIVELY FOR PARK
WAGES & EXPENSES.      
       
PARK INCOME COLLECTED IN CHECKING ACCT    
Balance Forward 1/01/04   71,578.53  
Park Fees Collected in Checking Acct           15,359.60  
Interest Earned in Park Acct                 831.83  
TOTAL PARK FUNDS               87,769.96
       
PARK WAGES & EXPENSES      
Meeting Wages & Sub-Contracted Labor   (1,684.00)  
Park Equipment & Supplies   (328.13)  
Town Picnic Expenses ( Includes Fireworks & Insurance ) (1,162.43)  
Other Park Expenses   (99.56)  
Town Share of Social Security & Medicare for Park Wages (26.77)  
TOTAL PARK WAGES & EXPENSES                (3,300.89)
       
TOTAL REMAINING FUNDS TRANSFERRING TO PARK ACCT IN 2005                 84,469.07
       
       
ACCOUNTS RECEIVABLE AS OF DECEMBER 31, 2004                 28,988.67
       
ACCOUNTS PAYABLE AS OF DECEMBER 31, 2004   850.08
       
       
Prepared By:  Kristin Kolkowski, Town of Chase  Treasurer   4/12/2005
       
  If you have any questions or comments, please e-mail me at KKNiteOwl@aol.com or call me at 822-5447