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2002/2003 BUDGET


         
  FINANCIAL POSITION      
Total Reserves @ 5/31/01       $697,037
  General   $376,623  
  Water   $42,828  
  Bayfront Reserve   $91,868  
  Oceanfront Reserve   $91,868  
  Equipment Reserve   $91,868  
  Capital Projects   $1,981  
         
Anticipated Deficit from 2001/02 Budget       ($60,000)
         
Total Anticipated Reserves @ 5/31/02       $637,037
         
Total Outstanding Debt @ 6/1/02       $1,465,000
         
         
         
         
         
         
    REVENUES    
ACCT # ACCOUNT NAME     2002/03 BUDGET
         
401001 Real Estate Tax     $ 1,569,235
401201 Special Tax Assessments     $ -
401501 Interest & Penalties on Taxes     $ 3,750
402001 Building Permit Fee     $ 6,500
402401 Water Taxi Fee     $ 5,000
402501 Ferry Franchise     $ 33,913
402601 Cartage Concession Fee     $ 3,500
402701 Utility Tax     $ 3,600
403001 Parking Franchise Fee     $ 68,970
404001 Camp Fees     $ 137,000
405001 Mooring Fees     $ 39,850
405101 Library Receipts     $ 1,750
405201 Misc. Application Fees     $ 1,500
406001 Interest on General Account     $ 20,823
407001 P.O. Rental     $ 2,500
407601 Ferry Tix Handling Fee     $ 10,000
408001 Driving Permits     $ 16,000
408501 Bike Registration Fee     $ 100
409001 Court Fines     $ 1,250
410001 Current Year Unallocated Income     $ 1,000
411001 Per Capita State Aid     $ 1,800
411101 A3089 State Aid     $ 1,000
412001 Mortgage Tax Return     $ 40,000
413001 Youth Programs     $ 1,600
414601 State/Town Grant     $ -
415201 Dr. Rental Fee     $ 1,500
415901 Donations     $ 4,500
416001 Interest Repair Reserve     $ 1,590
417003 Water Sales     $ 81,600
417103 Jetting Fees     $ 300
417403 Misc Inspection Fees     $ 2,750
417603 Interest Water Fund     $ 1,523
499809 2002/03 Non Tax Revenue     $ 495,169
         
411001 2002/03 Tax Receipts     $ 1,569,235
         
499909 2002/03 Combined Revenue     $ 2,064,404
         
         
         
    APPROPRIATIONS    
         
ACCT # ACCOUNT NAME     2002/03 BUDGET
    BOARD OF TRUSTEES    
510301 Misc. Board Expense     $2,250
515000 Total Board of Trustees     $2,250
         
    VILLAGE JUSTICE    
520101 Personnel Service     $2,500
520301 Misc. Justice     $750
525000 Total Village Justice     $3,250
         
    AUDITOR    
530301 Auditor     $15,000
535000 Total Auditor     $15,000
         
    VILLAGE CLERK    
550101 Personnel Services     $142,000
550201 Clerk Capital Expense     $1,000
550301 Misc. Clerk     $750
550501 Telephone Clerk     $5,000
550601 Cartage Clerk     $250
550701 Legal Notice Clerk     $300
550801 Postage Clerk     $5,000
550901 Equipment Repair     $824
551001 Equipment Rental     $3,480
551101 Stationery Printing Clerk     $4,000
551201 Payroll Prep.     $3,250
555000 Total Village Clerk     $165,854
         
    ELECTIONS    
560301 Misc. Elections     $400
565000 Total Elections     $400
         
    VILLAGE ATTORNEY    
570201 Contract Services     $20,000
570301 Misc. Attorney     $500
575000 Total Village Attorney     $20,500
         
    POST OFFICE    
580101 Personnel Services     $3,250
580301 Misc. P.O.     $100
580501 Telephone P.O.     $300
581301 Ferry Tix Travel     $432
585000 Total Post Office     $4,082
         
    BUILDING    
590101 Personnel Services     $38,074
590201 Building Capital     $49,800
590301 Misc. Expense Building     $2,000
590401 Electric Building     $15,000
590501 Phone Building     $250
590601 Cartage FIF Building     $1,500
590701 Lumber & Supply Building     $13,500
590801 Fuel Oil Building     $12,000
590901 Rep & Maint. Building     $6,600
591201 Equipment R&M Building     $1,500
595000 Total Building     $140,224
         
    SECURITY DEPT.    
600101 Personnel Service     $117,848
600201 Capital Expenses     $950
600301 Misc. Exp. Security     $1,000
600401 Electricity Security     $450
600501 Telephone Security     $4,250
600601 Carting Security     $50
600701 Ferry Tix Security     $700
600801 Supplies Security     $700
600901 Communications Security     $500
601001 Vehicle Mtce/Gasoline Security     $750
601101 Stationery Printing Security     $500
601201 Uniforms Security     $2,000
601301 Automobile Lease Security     $3,750
605000 Total Security     $133,448
         
    FIRE DEPARTMENT    
610101 Contract     $17,500
610201 Capital Expenditures FD     $9,531
610301 Misc. Exp. FD     $500
610401 Electricity FD     $3,500
610501 Telephone FD     $2,200
610601 Cartage FD     $500
610701 Bottled Gas FD     $175
610801 Supplies FD     $4,704
610901 Maintenance FD     $13,750
611101 Stationery & Printing FD     $250
611201 SCBA Testing     $750
611301 Physicals & Certifications     $3,750
615000 Total Fire Department     $60,610
         
    PUBLIC HEALTH    
620301 Misc Health     $12,300
620501 Telephone Health     $1,250
625000 Total Public Health      
         
    WALKS    
630101 Personnel Service     $43,864
630301 Misc. Exp. Walks     $1,000
630404 Electric Walks     $3,500
630601 Cartage Walks     $2,000
630701 Lumber Walks     $14,000
630801 Tools & Supplies Walks     $2,300
630901 Concrete Walks     $4,000
631001 Contract Services     $0
635000 Total Walks     $70,664
         
    PARKING LOT    
640301 Misc. Parking     $1,250
645000 Total Parking Lot     $1,250
         
    RECREATION    
650101 Personnel Services     $70,600
650201 Camp Equipment     $2,000
650301 Misc. Recreation     $26,250
650601 Cartage Recreation     $125
650801 Supplies     $7,600
651101 Stationery & Printing     $250
651301 Ferry Tix/Travel Recreation     $2,000
655000 Total Recreation     $108,825
         
         
    PARKS & PLAYGROUND    
657001 Personnel Services     $51,628
657201 Capital Expense Parks     $1,850
657301 Misc. Parks     $500
657401 Park Maintenance     $6,500
657900 Total Parks & Playgrounds     $60,478
         
    LIFEGUARD SERVICES    
660101 Lifeguard Personnel Service     $82,000
660201 Capital Exp. Lifeguard     $3,650
660301 Misc. Expense Lifeguard     $1,500
660401 Ferry Tix/Parking Lifeguards     $3,500
660501 Phone - Lifeguards     $300
660601 Clothing - Lifeguards     $2,300
665000 Total Lifeguards     $93,250
         
    BEACHES    
666101 Personnel Service     $41,276
666201 Capital Expense Beach     $0
666301 Misc. Expense Beach     $1,500
666401 Maintenance Beach     $14,750
666601 Cartage Beaches     $1,000
666900 Total Beaches     $58,526
         
    MARINA & DOCK    
670101 Personnel Service     $8,378
670201 Capital Expense Docks     $0
670301 Misc. Expense Docks     $500
670401 Electricity Docks     $500
670601 Cartage Docks     $400
670701 Lumber & Supplies Docks     $2,000
670901 Repair Docks     $4,000
675000 Total Marine & Docks     $15,778
         
    LIBRARY    
676101 Personnel Service     $4,850
676301 Library Program Supplies     $3,000
680000 Total Library     $7,850
         
    REFUSE & INCINERATOR    
680101 Personnel Service     $38,722
680201 Capital Outlay Refuse     $12,750
680301 Misc. Refuse     $250
680401 Electric Incinerator     $1,250
680601 Cartage FIF Refuse     $26,000
680701 Supplies Incinerator     $2,000
680801 Fuel Oil Incinerator     $6,000
681201 Uniform Clothing     $3,000
681301 Incinerator Maintenance     $11,500
681401 Residue Removal     $4,000
685000 Total Refuse & Incinerator     $105,472
         
    MAINTENANCE SHOP    
686101 Personnel Service     $35,750
686201 Capital Outlay Shop     $2,700
686301 Misc. Exp. Shop     $1,500
686401 Electric Shop     $1,100
686501 Telephone Shop     $750
686601 Cartage Shop     $100
686701 Supplies Shop     $3,500
686901 Equipment Repair     $6,500
687001 Gasoline Equipment     $9,000
687101 Ferry Tix Shop     $288
689000 Total Shop     $61,188
         
    GENERAL VILLAGE OVERHEAD    
692101 Assessor Misc.     $500
692301 Unallocated Insurance     $62,427
692401 Municipal Dues     $1,275
692501 Islip Taxes     $52,408
692801 Miscellaneous General Government     $3,430
693001 Building Inspect. Misc.     $500
693101 Retirement Contribution     $4,910
693201 Social Security     $53,517
693301 Worker Comp     $27,996
693401 Unemployment Insurance     $6,516
693501 *Group Medical     $92,522
693801 Serial Bond Principle     $185,000
693901 Serial Bond Interest     $85,129
694101 Disability Ins.     $950
694401 BAN Interest     $11,344
694801 Paying Agent     $725
695000 Total Village General Overhead     $589,149
         
    WATER    
730103 Personnel     $21,128
730203 Capital Improvement Mains     $16,700
730303 Misc. Mains     $500
730403 Electric Wells     $12,000
730503 Telephone Wells     $500
730603 Cartage Mains     $500
730803 Equipment Supplies Mains     $11,000
731303 Maintenance Well & Mains     $2,000
731403 Water Testing     $3,000
741003 Total Water     $67,328.00
         
    CAPITAL    
746206 Increase Ocean Front Reserve     $265,478
746306 Increase Bay Front Reserve     $0
746406 Increase Equipment Reserve     $0
753000 Total Capital Fund Appropriations     $265,478
  Increase Reserves     $265,478
         
799000 Combined Appropriations     $2,064,404
         
         
  FINANCIAL POSITION      
Total Reserves @ 5/31/01       $697,037
  General   $376,623  
  Water   $42,828  
  Bayfront Reserve   $91,868  
  Oceanfront Reserve   $91,868  
  Equipment Reserve   $91,868  
  Capital Projects   $1,981  
         
Anticipated Deficit from 2001/02 Budget       -$60,000
         
Total Anticipated Reserves @ 5/31/02       $637,037
         
Total Outstanding Debt @ 6/1/02       $1,465,000
         


Last Updated on 5/1/02
By MARIO POSILLICO
Email: saltaire@mindspring.com