Town of Chase 2006 Financial Re

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 Donations from Local Businesses		1,100.00
Hall Rental Fees		2,435.00
Title Search Fees Collected & Charges Received from Residents for NSF Checks		217.00
Dog Pound Fees Collected		35.00
Fire Protection Fees Collected from Local Residents ( For Fire Calls )		726.31
Garbage Transfer Fees Collected from Residents at Recycling Center		12,902.02
Payments to Town from Residents & Contractors for Road Related Expenses		41,823.91
TOTAL PUBLIC CHARGES FOR SERVICES			65,240.24

OTHER REVENUES
Interest Earned on Checking Acct		1,222.86
Recycling Center Sales ( Iron )		110.50
Bank Adjustments for Returned or Cancelled Checks		356.34
Real Estate Tax Overpayment Returned to Town		141.96
Refund from Oconto Falls Ins Center for Treasury Bond		271.00
Non-Sufficient Fund Bank Charges Collected from Residents		24.00
Patronage Dividend from Pulaski-Chase Cooperative		8.99
Refund from IRS for Payroll Tax Overpayment		6.18
Road Construction Deposits ( 100% Refundable After Inspection if No Road Damage )		25,000.00
Funds Transferred into Checking Acct for Jan 2005 Tax Overpayment Refunds		13,382.18
Funds Transferred into Checking Acct for Dec 2006 Tax Overpayment Refunds		15,046.96
Funds Transferred into Checking Acct to Pay for 2006 Park Bills		995.00
Funds Transferred into Checking Acct to Pay for 2005 Park Expenses ( Including Shelter )		14,543.05
Funds Transferred Into Checking Acct from Money Market Savings Acct to Pay Bills		336,773.85
TOTAL OTHER REVENUES			407,882.87

TOTAL REVENUES				2,853,337.77


EXPENDITURES

TAX SETTLEMENTS PAID TO OTHERS
State Tax Credit Paid to County in August		(177,773.85)
Tax Roll & Lottery Credit Settlements Paid to County & State		(614,996.51)
Tax Roll & Lottery Credit Settlements Paid to Pulaski Community School District		(986,644.31)
Tax Roll & Lottery Credit Settlements Paid to Oconto Falls School District		(7,932.02)
Tax Roll & Lottery Credit Settlements Paid to NWTC		(168,409.26)
Tax Roll & Lottery Credit Settlements Paid to Krakow Sanitary District		(254.39)
TOTAL TAX SETTLEMENTS PAID TO OTHERS			(1,956,010.34)

GENERAL GOVERNMENT
Chairman Gross Wages: Gary Van Lannen		(7,000.00)
Supervisor Gross Wages: Dennis Kroll		(4,200.00)
Supervisor Gross Wages: Steven Gohr		(4,200.00)
Board Expenses		(1,393.41)
Dues & Registration Fees		(3,767.00)
Special Meeting Wages & Expenses		(2,245.93)
Legal Fees ( Includes $8312.50 for Rescue Squad Law Suit Settlement )		(15,139.65)
Clerk Gross Wages: Jeanne Wroblewski		(11,000.00)
Clerk Expenses		(609.07)
Ad & Publication Costs		(554.54)
Election Gross Wages & Expenses ( Includes $3570.00 for new voting machine )		(7,392.82)
Town Website Expenses ( www.townofchase.org )		(515.50)
Treasurer Gross Wages: Kristin Kolkowski		(7,000.00)
Treasurer Expenses ( Includes Tax Season Expenses )		(1,034.40)

GENERAL GOVERNMENT
Assessor Gross Wages & Expenses		(9,694.68)
Computer Equipment, Software & Technical Assistance		(609.47)
Hall & Office Supplies: Postage, Maps, Other		(3,206.46)
Hall Custodial Wages & Expenses		(1,748.29)
Hall Maintenance Wages & Expenses		(2,376.29)
Hall & Recycling Center Utilities: Propane, Electric, Phone		(3,388.48)
Hall Grass Cutting & Snow Plowing for Hall Parking Lot and Recycling Parking Lot		(1,775.00)
Town Insurance		(12,491.66)
Dog License Tax Paid to County		(1,411.00)
Flowers for Funerals & Dog License Admin Fees Paid to Treasurer		(28.00)
Cty Share of MFL Severance/Yield/Withdrawal Fees ( Cty Gets 20% of Town Share )		(391.78)
Cty Share of MFL Annual Payment from DNR ( Cty Gets 20% of Town Share )		(45.14)
Ag Use Penalties Paid to County		(1,270.62)
Other Gross Town Payroll for Misc Town Work		(3,993.50)
Town Share of Payroll Taxes: Medical & Social Security		(6,700.97)
State Withholding Tax Paid to WI Dept of Revenue		(1,704.00)
TOTAL GENERAL GOVERNMENT EXPENDITURES			(116,887.66)

PUBLIC SAFETY
Local Fire Calls User Fees, Inspection Fees, & Fire Extinguisher Service Fees		(2,026.21)
Fire Insurance Premium Share Paid to N.E.W. Paramedic Rescue		(400.00)
Fire Inspection Fees for Public Buildings		(612.00)
New Fire Number Signs & Hardware		(14,302.50)
Fire Department Operating & Vehicle Expenses		(26,069.36)
Ambulance & Rescue Squad Charges		(64,206.93)
Building Inspector Wages & Expenses		(19,659.64)
Permit Fee for the Town of Chase		(35.00)
TOTAL PUBLIC SAFETY EXPENDITURES			(127,311.64)

PUBLIC WORKS
Road Administrator Gross Wages		(6,741.00)
Other Gross Road Wages		(10,771.25)
Purchase of Used Ford Truck for Town Use		(7,500.00)
Town Truck & Equipment Maintenance Expenses		(6,693.50)
Bridge Maintenance		(74,188.15)
Cty Highway Routine Road Maintenance		(21,813.20)
Cty Highway Winter Road Maintenance ( Salt & Plowing )		(41,614.77)
Road Base & Ditch Maintenance ( Includes Costs for Culvert Pipes )		(3,833.40)
Mileage Reimbursement for Personal Vehicles Used for Town Work		(662.97)
Road Patching		(27,446.95)
Recording Fees for CSM for Regal Ln		(15.00)
Town Road Repair Done By County		(88,432.15)
Other Road Repair		(1,100.00)
Road Signs & Hardware		(2,000.71)
Road Lighting Utility Charges ( 2 Lamps )		(424.21)
Compost Site Maintenance Wages & Expenses ( Old Land Fill )		(542.50)
Recycling Center ( Wages, Garbage & Appliance Pickup Fees / Tire Pickup Fees / Other )		(13,551.21)
TOTAL PUBLIC WORKS			(307,330.97)

HEALTH & HUMAN SERVICES
Humane Officer Wages & Expenses		(1,499.06)
Cemetery Maintenance Fees		(2,000.00)
TOTAL HEALTH & HUMAN SERVICES EXPENDITURES			(3,499.06)

CULTURE, RECREATION & EDUCATION
Park Wages & Expenses		(2,818.36)
Town Picnic Expenses		(2,792.96)
TOTAL CULTURE, RECREATION & EDUCATION EXPENDITURES			(5,611.32)

OTHER EXPENDITURES
Bank Adjustment for Returned Check Due to Non-Sufficient Funds		(795.00)
Construction Deposit Refunds Returned		(30,850.00)
Building Permit Overpayment Refunds & Hall Rent Deposit Refunds		(530.00)
Property Tax & Lottery Credit Refunds Paid in January 2006 for 2005 Tax Roll		(12,121.78)
Property Tax & Lottery Credit Refunds Paid in December 2006 for 2006 Tax Roll		(15,150.85)
Funds Transferred to Tax Account		(1,603.81)
Funds Transferred to Money Market Savings Acct		(335,000.00)
Funds Transferred to Park & Recreation Account		(2,734.68)
TOTAL OTHER EXPENDITURES			(398,786.12)

TOTAL EXPENDITURES				(2,915,437.11)

ENDING BALANCE DECEMBER 31, 2006				8,458.62


ACCOUNTS RECEIVABLE FROM COUNTY 12/31/06
2006 August Settlement ( From 2005 Tax Roll )			69,824.83
Bridge Aid			40,339.69
TOTAL ACCOUNTS RECEIVABLE FROM COUNTY 12/31/06				110,164.52

FOOTNOTE: These two payments were on one check and was lost in the mail. The town did not receive it until 2007.

ACCOUNTS PAYABLE TO THE COUNTY 12/31/06
For Town Road Projects & Regular County Road Maintenance			313,958.04
TOTAL ACCOUNTS PAYABLE TO THE COUNTY 12/31/06				313,958.04



TAX COLLECTION ACCOUNT
( Dec 2005 through Nov 2006 )

BEGINNING BALANCE DECEMBER 1, 2005 ( Before 2005 Tax Roll Collections )				2,144.81
Interest Earned on Acct				5,148.32
Deposits				1,952,979.70
Funds Transferred into Tax Acct				1,603.81
Debit Adjustments for Non-Sufficient Funds Checks				(6,997.30)
Bank Fees for Non-Sufficient Funds Checks				(18.00)
Transfer Funds Out of Tax Acct into Checking Acct to Pay Tax Settlements, Tax Overpayment Refunds to Property Owners, Other				(1,951,659.31)
ENDING BALANCE NOVEMBER 30, 2006 ( Before 2006 Tax Roll Collections )				3,202.03


MONEY MARKET SAVINGS ACCOUNT

BEGINNING BALANCE JANUARY 1, 2006				57,140.98
Interest Earned on Acct				4,040.38
Funds Transferred into Money Market Acct				335,000.00
Funds Transferred Out of Money Market Acct				(336,773.85)
ENDING BALANCE DECEMBER 31, 2006				59,407.51


PARK & RECREATION ACCOUNT

BEGINNING BALANCE JANUARY 1, 2006				75,658.53
Interest Earned on Acct				2,308.71
Funds Transferred into Park & Rec Acct				2,734.68
Funds Transferred Out of Park & Rec Acct to Checking Acct to Pay 2006 Park & Rec Expenses				(995.00)
Funds Transferred Out of Park & Rec Acct to Checking Acct to Reimburse for Prior Years Park & Rec Expenses				(14,543.05)
ENDING BALANCE DECEMBER 31, 2006				65,163.87


ENDING BALANCES
CHECKING / TAX / MONEY MARKET / PARK & RECREATION ACCOUNTS

ENDING BALANCES
ENDING CHECKING ACCT BALANCE 12/31/06				8,458.62
ENDING TAX COLLECTION ACCT BALANCE 11/30/06 ( Before 2006 Tax Roll Collections )				3,202.03
ENDING MONEY MARKET ACCOUNT BALANCE 12/31/06				59,407.51
ENDING PARK & RECREATION ACCT BALANCE 12/31/06				65,163.87
TOTAL ENDING BALANCES				136,232.03


REPORT PREPARED BY: KRISTIN KOLKOWSKI, TOWN TREASURER				5/14/2007