Town of Chase
2006 Financial Report
 
 Of the Town Board of Audit 
For the Year Ending December 31, 2006 
         
  2005 TAX ROLL RECONCILIATION USED FOR 2006      
  ( Dec 2005 through Nov 2006 )      
         
TAXES, CREDITS AND SETTLEMENTS RECEIVED        
General Property Taxes Collected in December 2005 for the 2005 Tax Roll      1,097,162.68  
General Property Taxes Collected in January 2006 for the 2005 Tax Roll         816,577.26  
Lottery Credit Received in March 2006                 66,769.92  
School Levies State Tax Credit Received in July 2006               177,774.03  
Dog License Tax Collected from Residents                   1,496.00  
August Settlement from County ( See Footnote Below )   0.00  
Collection of Delinquent Personal Property Taxes Plus Interest                 4,833.58  
TOTAL TAXES, CREDIT AND SETTLEMENTS RECEIVED     2,164,613.47
         
TAX SETTLEMENTS PAID TO OTHERS        
Tax Collections & Lottery Credits Paid to County and State            (792,770.36)  
Tax Collections & Lottery Credits Paid to Pulaski Community School District            (986,644.31)  
Tax Collections & Lottery Credits Paid to Oconto Falls School District                (7,932.02)  
Tax Collections & Lottery Credits Paid to Northeast WI Technical College ( NWTC )            (168,409.26)  
Tax Collections & Lottery Credits Paid to Krakow Sanitary District                   (254.39)  
Dog Licenses Paid to County                  (1,411.00)  
TOTAL SETTLEMENTS PAID TO OTHERS       (1,957,421.34)
         
TAXES RETAINED BY TOWN        
Private Forest Crop / Managed Forest Land Tax from County Settlement in February                (1,807.00)  
Interest & Penalties Paid on Delinquent Taxes                         (2.04)  
Dog Tax Collected Minus Dog Tax Paid to County                       (85.00)  
TOTAL TAXES RETAINED BY TOWN       (1,894.04)
         
         
TOTAL LOCAL SHARE OF PROPERTY TAXES       205,298.09
         
         
FOOTNOTE:  The 2006 August Settlement from the county was lost in the mail.  The town did not receive it until 2007.
The total amount of the settlement check was $69,824.83.  It will be included in next years financial report.
         
 
CHECKING ACCOUNT
 
         
BEGINNING BALANCE JANUARY 1, 2006                70,557.96
         
REVENUES        
         
TAX REVENUES        
Lottery Credit & Gaming Credit Received from the State in March        66,769.92    
School Levy and Tax Credit Received from the State in July      177,774.03    
Delinquent Personal Property Taxes and Interest ( Town Keeps )          4,833.58    
Mobile Home Lottery Credit from State & Parking Fees Collected          4,615.03    
Funds Transferred Into Checking Acct for Tax Settlements to Cty, State, & Area Schools   1,717,881.04    
Funds Transferred from Tax Acct into Checking Acct for Town Use ( From 2005 Tax Roll )      201,665.00    
TOTAL TAX REVENUES     2,173,538.60  
         
INTERGOVERNMENTAL REVENUES ( Revenues Received from the State )      
State Shared Revenues Received in July and November        53,653.95    
Fire Insurance Tax Rebate ( 2% Fire Dues )            5,505.92    
Exempt Computer Aid                 20.00    
General Transportation Aids        112,055.16    
Managed Forest Land Severance/Yield/Withdrawal Taxes ( 20% to Cty )           1,958.90    
Managed Forest Law Payment ( 1128.60 Acres in Program @ .20 p/acre ( 20% to Cty )             225.72    
TOTAL INTERGOVERNMENTAL REVENUES     173,419.65  
         
LICENSES & PERMITS        
Business & Occupational Licenses:  Operator & Liquor Licenses          1,657.00    
Franchise Fees from Time Werner Cable            2,666.74    
Dog License Refund from County            1,020.61    
Dog License Fees Collected ( Additional $1358 Dog Tax Collected in Tax Acct )             138.00    
Building Permits & Inspection Fees Collected          26,774.06    
Blasting Permit Fees Collected            1,000.00    
TOTAL LICENSES & PERMIT REVENUES                 33,256.41  
         
PUBLIC CHARGES FOR SERVICES        
Park Fees for Newly Constructed Homes in Chase ( Jan - Aug )          2,400.00    
Picnic Concessions & Donations            3,601.00    
Picnic Donat