COMPONENT UNIT

ANNUAL FINANCIAL REPORT

 

 

GARDEN CITY PARK WATER DISTRICT

Name of Component Unit

 

 

 

TOWN OF NORTH HEMPSTEAD

Name of Primary Government

 

 

 

Year Ended December 31, 2015

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Amounts reported for cash balances, cash collections and expenditures paid are unaudited

 

 

Garden City Park Water District Cash Balances at 12/31/2015

 

PER FUND

     

12/31/2015

 

General Operating Fund

   

$366,204.00

 

         

1/1/15 Cash Balances - General Operating Fund

$324,447.00

 

         

 

Cash Receipts

   

$4,299,239.00

 

         

 

Cash Expenses

   

$4,257,482.00

 

         

 

12/31/15 Cash Balances - General Operating Fund

$366,204.00

 

Amount designated for the 2016 budget

$0.00

 

         

 

CASH RECEIPTS

     

 

Real Property Tax

   

$2,505,026.00

 

         

 

Water Sales

     

$1,157,867.00

 

         

 

Unmetered Water Sales

   

$43,669.00

 

         

 

Water Service Charge

   

$16,025.00

 

         

 

Interest & Penalties

   

$40,749.00

 

         

 

Interest Earnings

   

$1,674.00

 

         

 

Rental of Real Property

   

$484,607.00

 

         

 

Other

     

$49,622.00

 

         

 

     

TOTAL CASH RECEIPTS

$4,299,239.00

 

CASH EXPENDITURES

     

 

Personal Services

   

$1,217,235.00

 

         

 

Equipment

     

$168,636.00

 

         

 

Contractual

     

$1,584,032.00

 

         

 

Employee Benefits

   

$758,357.00

 

         

 

Capital Outlay

   

$396,148.00

 

         

 

Debt Service

     

$133,056.00

 

         

 

     

TOTAL CASH EXPENDITURES

$4,257,482.00

 

         

 

Outstanding Debt Service at 12/31/15

 

 

 

     

 

 

Long Term

 

 

 

$204,000.00

 

Amounts reported for cash balances, cash collections and expenditures paid are unaudited