Town of Chase 2007 Financial Report
 
 Of the Town Board of Audit 
 
For the Year Ending December 31, 2007 
         

 2006 TAX ROLL RECONCILIATION USED FOR 2007
( Dec 2006 through Nov 2007 ) 
         
TAXES, CREDITS AND SETTLEMENTS RECEIVED        
General Property Taxes Collected 2006 Tax Roll (Collected Dec.2006 and Jan. 2007)      1,966,944.10  
Lottery Credit Received in March 2007                 78,687.01  
School Levies State Tax Credit Received in July 2007               225,439.68  
Dog License Tax Collected from Residents                   1,101.00  
Mobile Home Taxes and Lottery Credit                    5,229.50  
August Settlement from County ( Includes 2006 Settlement omitted from 2006 Fin. Report) )

      133,857.51

 
Collection of Delinquent Personal Property Taxes Plus Interest                 1,291.81  
TOTAL TAXES, CREDIT AND SETTLEMENTS RECEIVED     2,412,550.61
         
TAX SETTLEMENTS PAID TO OTHERS        
Tax Collections & Lottery Credits Paid to County and State            (869,346.09)  
Tax Collections & Lottery Credits Paid to Pulaski Community School District         (1,022,762.73)  
Tax Collections & Lottery Credits Paid to Oconto Falls School District                (7,737.35)  
Tax Collections & Lottery Credits Paid to Northeast WI Technical College ( NWTC )            (184,181.95)  
Tax Collections & Lottery Credits Paid to Krakow Sanitary District                   (822.22)  
Dog Licenses Paid to County                  (1,504.75)  
TOTAL SETTLEMENTS PAID TO OTHERS       (2,086,355.09)
         
         
         
TOTAL LOCAL SHARE OF PROPERTY TAXES       326,195.52
         
         
         
On May 16, 2007 Town of Chase purchased the Stone Barn located on County S .  The amount borrowed from 
Premier Community Bank was $150,115.00,  $4,775.12 are due quarterly.  These funds are transferred from the 
Park Account.        
         
         
 CHECKING ACCOUNT 
         
BEGINNING BALANCE JANUARY 1, 2007                 8,458.62
         
REVENUES        
         
TAX REVENUES        
Lottery Credit & Gaming Credit Received from the State in March              78,687.01    
School Levy and Tax Credit Received from the State in July            225,439.68    
August Settlement from County (Includes 2006 August Settlement)            133,857.51    
Dog License Collected from Residents                  1,101.00    
Delinquent Personal Property Taxes and Interest ( Town Keeps )                1,291.81    
Mobile Home Lottery Credit from State & Parking Fees Collected             5,229.50    
Funds Transferred Into Checking Acct for Tax Settlements to Cty, State, & Area Schools      1,787,289.85    
Funds Transferred from Tax Acct into Checking Acct for Town Use ( From 2006 Tax Roll )         185,800.00    
TOTAL TAX REVENUES     2,418,696.36  
         
INTERGOVERNMENTAL REVENUES ( Revenues Received from the State )      
State Shared Revenues Received in July and November           53,751.95    
Fire Insurance Tax Rebate ( 2% Fire Dues )                  5,311.93    
Exempt Computer Aid                       23.00    
General Transportation Aids              114,281.82    
Ag Use Penalty                  3,773.55    
Managed Forest Land Severance/Yield/Withdrawal Taxes ( 20% to Cty )                    113.12    
Bridge Aid                41,502.61    
TOTAL INTERGOVERNMENTAL REVENUES     218,757.98  
         
LICENSES & PERMITS        
Business & Occupational Licenses:  Operator & Liquor Licenses             1,508.00    
Franchise Fees from Time Warner Cable               4,074.81    
Dog License Refund from County                  1,390.05    
Building Permits & Inspection Fees Collected             29,442.07    
Local Planning / Zoning Hearing Fees Collected                  2,250.00    
TOTAL LICENSES & PERMIT REVENUES                 38,664.93  
         
PUBLIC CHARGES FOR SERVICES        
Hall Rental Fees               3,255.00    
Title Search Fees Collected                   277.99    
Dog Pound Fees Collected                  210.00    
Fire Protection Fees Collected from Local Residents ( For Fire Calls )             1,590.96    
Garbage Transfer Fees Collected from Residents at Recycling Center           16,044.10    
Payments to Town from Residents & Contractors for Road Related Expenses           70,125.76    
TOTAL PUBLIC CHARGES FOR SERVICES                 91,503.81  
         
OTHER REVENUES        
Interest Earned on Checking Acct               1,502.98    
Recycling Center Sales (Used Culvert)                    60.00    
Bank Adjustments for Returned or Cancelled Checks/Misc. Fees             3,433.52    
Refund from Oconto Falls Ins Center                   119.00    
Patronage Dividend from Pulaski-Chase Cooperative                      9.51    
Stone Barn Jeffers Foundation Grant             18,000.00    
Stone Barn Misc. Donations                  237.00    
Picnic Revenues/Donations/Fire Works Donation               8,496.79    
Merchandise Credit/North Chase Citgo                    44.57    
Road Construction Deposits ( 100% Refundable After Inspection if No Road Damage )           37,000.00    
Funds Transferred into Checking Acct for Jan 2006 Tax Overpayment Refunds           17,732.55    
Funds Transferred into Checking Acct for Dec 2007 Tax Overpayment Refunds             2,639.01    
Funds Transferred into Checking Acct to Pay for 2007 Park Bills           19,363.78    
Funds Transferred into Ckg Acct to Pay for 2007 Park Exp. ( Include Stone Barn Ln Pymt)              4,775.12    
Funds Transferred Into Checking Acct from Money Market Savings Acct to Pay Bills         357,000.00    
TOTAL OTHER REVENUES               470,413.83  
         
TOTAL REVENUES              3,238,036.91
         
EXPENDITURES        
         
TAX SETTLEMENTS PAID TO OTHERS        
State Tax Credit Paid to County in August          (225,439.81)    
Tax Roll & Lottery Credit Settlements Paid to County & State        (643,906.28)    
Tax Roll & Lottery Credit Settlements Paid to Pulaski Community School District     (1,022,762.73)    
Tax Roll & Lottery Credit Settlements Paid to Oconto Falls School District            (7,737.35)    
Tax Roll & Lottery Credit Settlements Paid to NWTC          (184,181.95)    
Tax Roll & Lottery Credit Settlements Paid to Krakow Sanitary District               (822.22)    
TOTAL TAX SETTLEMENTS PAID TO OTHERS       (2,084,850.34)  
         
GENERAL GOVERNMENT        
Chairman Gross Wages:  Gary Van Lannen              (7,566.68)    
Supervisor Gross Wages:  Dennis Kroll              (4,573.28)    
Supervisor Gross Wages:  Steven Gohr              (4,573.28)    
Board Expenses              (1,154.18)    
Dues & Registration Fees              (4,907.88)    
Special Meeting Wages & Expenses              (3,896.35)    
Legal Fees                 (262.00)    
Clerk Gross Wages:  Jeanne Wroblewski            (12,033.32)    
Clerk Expenses                 (504.31)    
Ad & Publication Costs                 (573.60)    
Election Gross Wages & Expenses ( Includes $300.00 for Eagle voting machine )            (4,239.11)    
Town Website Expenses ( www.townofchase.org )                 (949.45)    
Treasurer Gross Wages Kris Kolkowski              (6,258.34)    
Treasurer Gross Wages Jolene Schwarm              (1,308.34)    
Treasurer Expenses ( Includes Tax Season Expenses )               (651.84)    
Assessor Gross Wages & Expenses              (9,461.74)    
Computer Equipment, Software & Technical Assistance             (1,729.52)    
New Utility Building             (16,661.76)    
Hall & Office Supplies:  Postage, Maps, Other               (4,582.13)    
Hall Custodial Wages & Expenses               (2,401.17)    
Hall Maintenance Wages & Expenses               (1,269.53)    
Hall & Recycling Center Utilities:  Propane, Electric, Phone             (4,736.99)    
Hall Grass Cutting & Snow Plowing for Hall Parking Lot and Recycling Parking Lot             (1,220.00)    
Town Insurance            (16,101.66)    
Dog License Tax Paid to County               (1,504.75)    
Flowers for Funerals & Dog License Admin Fees Paid to Treasurer                  (99.99)    
Cty Share of MFL Annual Payment from DNR ( Cty Gets 20% of Town Share )                  (67.04)    
Other Gross Town Payroll for Misc Town Work               (6,183.00)    
Town Share of Payroll Taxes:  Medical & Social Security/State Withholding             (7,117.35)    
TOTAL GENERAL GOVERNMENT EXPENDITURES          (126,588.59)  
         
PUBLIC SAFETY        
Local Fire Calls User Fees, Inspection Fees, & Fire Extinguisher Service Fees            (3,514.94)    
Consulting Fee                 (896.00)    
Fire Inspection Fees for Public Buildings/Fire Extinguisher Service            (1,154.44)    
New Fire Number Signs & Hardware              (1,313.30)    
Fire Department Operating & Vehicle Expenses            (27,314.28)    
Ambulance & Rescue Squad Charges            (55,707.83)    
Building Inspector Wages & Expenses            (25,143.82)    
Permit Fee for the Town of Chase                   (50.00)    
TOTAL PUBLIC SAFETY EXPENDITURES          (115,094.61)  
         
PUBLIC WORKS        
Public Works Manager Gross Wages              (6,178.50)    
Other Gross Road Wages              (6,415.50)    
Blacktop/Seal Coating          (261,595.48)    
Town Truck & Equipment Maintenance Expenses               (6,091.64)    
Bridge Maintenance              (1,628.12)    
Cty Highway Routine Road Maintenance            (23,280.40)    
Cty Highway Winter Road Maintenance ( Salt & Plowing )          (43,028.32)    
Cty Highway Repair            (38,740.97)    
Mileage Reimbursement for Personal Vehicles Used for Town Work               (693.00)    
Safety Equipment                 (131.96)    
Other Road Repair              (2,547.74)    
Road Signs & Hardware                 (238.27)    
Compost Site Maintenance Wages & Expenses ( Old Land Fill )            (8,457.04)    
Recycling Center ( Wages, Garbage & Appliance Pickup Fees / Tire Pickup Fees / Other )          (11,482.91)    
TOTAL PUBLIC WORKS          (410,509.85)  
         
HEALTH & HUMAN SERVICES        
Humane Officer Wages & Expenses              (2,191.69)    
Cemetery Maintenance Fees              (2,000.00)    
TOTAL HEALTH & HUMAN SERVICES EXPENDITURES            (4,191.69)  
         
CULTURE, RECREATION & EDUCATION        
Park Wages & Expenses/Professional Service              (6,121.91)    
Town Picnic Expenses              (4,019.05)    
Stone Barn Project Expense            (19,004.92)    
Stone Barn Loan Payment              (9,550.24)        (38,696.12)  
TOTAL CULTURE, RECREATION & EDUCATION EXPENDITURES      
         
OTHER EXPENDITURES        
Hall Deposit Rental Refunds                 (450.00)    
Construction Deposit Refunds Returned            (31,180.00)    
Bank Account Adjustment Fees/NSF/Returned Check Charges            (2,077.27)    
Property Tax & Lottery Credit Refunds Paid for 2006 Tax Roll          (22,747.08)    
Funds Transferred to Money Market Savings Acct          (382,605.86)    
Funds Transferred to Park & Recreation Account            (25,732.89)    
TOTAL OTHER EXPENDITURES          (464,793.10)  
         
TOTAL EXPENDITURES            (3,244,724.30)
         
ENDING BALANCE DECEMBER 31, 2007              1,771.23
         
 TAX COLLECTION ACCOUNT
( Dec 2006 through Nov 2007 ) 
         
BEGINNING BALANCE DECEMBER 1, 2006 ( Before 2006 Tax Roll Collections )          3,202.03
Interest Earned on Acct                    6,231.09
Deposits             2,017,414.04
Debit Adjustments for Non-Sufficient Funds Checks                    (4,582.51)
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       (2,019,846.72)
ENDING BALANCE NOVEMBER 30, 2007 ( Before 2007 Tax Roll Collections )          2,399.93
         
       
MONEY MARKET SAVINGS ACCOUNT
         
BEGINNING BALANCE JANUARY 1, 2007             59,407.51
Interest Earned on Acct                    5,385.77
Funds Transferred into Money Market Acct                382,605.86
Funds Transferred Out of Money Market Acct              (357,000.00)
ENDING BALANCE DECEMBER 31, 2007             90,399.14
         
       
 PARK & RECREATION ACCOUNT 
         
BEGINNING BALANCE JANUARY 1, 2007             65,163.87
Interest Earned on Acct                    2,792.66
Funds Transferred into Park & Rec Acct                  25,732.89
Funds Transferred Out of Park & Rec Acct to Checking Acct to Pay 2006 Park & Rec Expenses            (19,363.78)
Funds Transferred Out of Park & Rec Acct to Checking Acct to Reimburse for Prior Years Park & Rec Expenses            (4,775.12)
ENDING BALANCE DECEMBER 31, 2007             69,550.52
         
       
 ENDING BALANCES 

CHECKING / TAX / MONEY MARKET / PARK & RECREATION ACCOUNTS 
 
         
ENDING BALANCES        
ENDING CHECKING ACCT BALANCE 12/31/07                       1,771.23
ENDING TAX COLLECTION ACCT BALANCE 11/30/07 ( Before 2007 Tax Roll Collections )                2,399.93
ENDING MONEY MARKET ACCOUNT BALANCE 12/31/07                90,399.14
ENDING PARK & RECREATION ACCT BALANCE 12/31/07                69,550.52
TOTAL ENDING BALANCES           164,120.82
         
       
  Treasurer, Kristin Kolkowski       April 2007