| 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 | |||