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2003/2004 TENTATIVE BUDGET


         
  FINANCIAL POSITION      
Total Reserves @ 5/31/02       $704,755
  General   $371,459  
  Water   $53,767  
  Bayfront Reserve   $92,516  
  Oceanfront Reserve   $92,516  
  Equipment Reserve   $92,516  
  Capital Projects   $1,981  
         
Anticipated Surplus from 2002/03 Budget       $241,178
         
Anticipated Capital Project Expenditures       $120,099
         
Total Anticipated Reserves @ 5/31/03       $825,834
         
Total Outstanding Debt @ 6/1/03       $1,280,000
         
         
         
         
         
         
    REVENUES    
ACCT # ACCOUNT NAME     2003/04 BUDGET
         
401001 Real Estate Tax     $ 1,576,047
401201 Interest On Late Real Estate Tax     $ 4,500
401501 Real Estate Rental     $ 8,000
402001 Building Permit Fee     $ 6,500
402401 Water Taxi Fee     $ 2,500
402501 Ferry Franchise     $ 55,000
402601 Cartage Concession Fee     $ 3,500
402701 Utility Tax     $ 3,600
403001 Parking Franchise Fee     $ 88,725
404001 Camp Fees     $ 119,000
405001 Mooring Fees     $ 37,000
405101 Library Receipts     $ 2,000
405201 Misc. Application Fees     $ 1,500
406001 Interest on General Account     $ 10,718
407001 P.O. Rental     $ 2,500
407601 Ferry Tix Handling Fee     $ 8,500
408001 Driving Permits     $ 16,000
408501 Bike Registration Fee     $ 2,250
409001 Court Fines     $ 1,500
410001 Current Year Unallocated Income     $ 1,500
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     $ 5,000
415201 Dr. Rental Fee     $ 1,500
415901 Donations     $ 1,000
416001 Interest Repair Reserve     $ 825
417003 Water Sales     $ 81,600
417103 Jetting Fees     $ 300
417403 Misc Inspection Fees     $ 225
417603 Interest Water Fund     $ 790
499809 2003/04 Non Tax Revenue     $ 510,433
         
411001 2003/04 Tax Receipts     $ 1,576,047
         
499909 2003/04 Combined Revenue     $ 2,086,480
         
         
         
    APPROPRIATIONS    
         
ACCT # ACCOUNT NAME     2003/04 BUDGET
    BOARD OF TRUSTEES    
510301 Misc. Board Expense     $3,000
515000 Total Board of Trustees     $3,000
         
    VILLAGE JUSTICE    
520101 Personnel Service     $2,500
520301 Misc. Justice     $750
525000 Total Village Justice     $3,250
         
    AUDITOR    
530301 Auditor     $18,000
535000 Total Auditor     $18,000
         
    VILLAGE CLERK    
550101 Personnel Services     $137,500
550201 Clerk Capital Expense     $2,000
550301 Misc. Clerk     $750
550501 Telephone Clerk     $5,375
550601 Cartage Clerk     $250
550701 Legal Notice Clerk     $400
550801 Postage Clerk     $5,000
550901 Equipment Repair     $824
551001 Equipment Rental     $3,480
551101 Stationery Printing Clerk     $4,250
551201 Payroll Prep.     $3,250
555000 Total Village Clerk     $163,079
         
    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     $770
585000 Total Post Office     $4,420
         
    BUILDING    
590101 Personnel Services     $39,555
590201 Building Capital     $23,300
590301 Misc. Expense Building     $1,000
590401 Electric Building     $15,000
590501 Phone Building     $250
590601 Cartage FIF Building     $1,500
590701 Lumber & Supply Building     $10,750
590801 Fuel Oil Building     $17,000
590901 Rep & Maint. Building     $8,600
591201 Equipment R&M Building     $1,500
595000 Total Building     $118,455
         
    SECURITY DEPT.    
600101 Personnel Service     $120,348
600201 Capital Expenses     $3,250
600301 Misc. Exp. Security     $1,000
600401 Electricity Security     $450
600501 Telephone Security     $3,250
600601 Carting Security     $50
600701 Ferry Tix Security     $996
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     $3,816
605000 Total Security     $137,610
         
    FIRE DEPARTMENT    
610101 Contract     $17,500
610201 Capital Expenditures FD     $13,499
610301 Misc. Exp. FD     $500
610401 Electricity FD     $3,500
610501 Telephone FD     $2,500
610601 Cartage FD     $500
610701 Bottled Gas FD     $400
610801 Supplies FD     $4,704
610901 Maintenance FD     $8,000
611101 Stationery & Printing FD     $250
611201 SCBA Testing     $750
611301 Physicals & Certifications     $5,250
615000 Total Fire Department     $60,853
         
    PUBLIC HEALTH    
620301 Misc Health     $3,250
620501 Telephone Health     $1,250
625000 Total Public Health     $4,500
         
    WALKS    
630101 Personnel Service     $45,839
630301 Misc. Exp. Walks     $1,000
630404 Electric Walks     $3,500
630601 Cartage Walks     $2,000
630701 Lumber Walks     $24,200
630801 Tools & Supplies Walks     $2,300
630901 Concrete Walks     $5,000
631001 Contract Services     $0
635000 Total Walks     $83,839
         
    PARKING LOT    
640301 Misc. Parking     $750
645000 Total Parking Lot     $750
         
    RECREATION    
650101 Personnel Services     $68,800
650201 Camp Equipment     $2,000
650301 Misc. Recreation     $23,250
650601 Cartage Recreation     $125
650801 Supplies     $7,600
651101 Stationery & Printing     $250
651301 Ferry Tix/Travel Recreation     $2,750
655000 Total Recreation     $104,775
         
         
    PARKS & PLAYGROUND    
657001 Personnel Services     $53,603
657201 Capital Expense Parks     $7,350
657301 Misc. Parks     $500
657401 Park Maintenance     $4,500
657900 Total Parks & Playgrounds     $65,953
         
    LIFEGUARD SERVICES    
660101 Lifeguard Personnel Service     $82,000
660201 Capital Exp. Lifeguard     $1,650
660301 Misc. Expense Lifeguard     $1,500
660401 Ferry Tix/Parking Lifeguards     $3,750
660501 Phone - Lifeguards     $400
660601 Clothing - Lifeguards     $2,300
665000 Total Lifeguards     $91,600
         
    BEACHES    
666101 Personnel Service     $43,251
666201 Capital Expense Beach     $0
666301 Misc. Expense Beach     $1,500
666401 Maintenance Beach     $18,750
666601 Cartage Beaches     $1,000
666900 Total Beaches     $64,501
         
    MARINA & DOCK    
670101 Personnel Service     $8,871
670201 Capital Expense Docks     $2,000
670301 Misc. Expense Docks     $500
670401 Electricity Docks     $500
670601 Cartage Docks     $400
670701 Lumber & Supplies Docks     $2,000
670901 Repair Docks     $15,000
675000 Total Marine & Docks     $29,271
         
    LIBRARY    
676101 Personnel Service     $4,850
676301 Library Program Supplies     $3,000
680000 Total Library     $7,850
         
    REFUSE & INCINERATOR    
680101 Personnel Service     $40,803
680201 Capital Outlay Refuse     $12,750
680301 Misc. Refuse     $250
680401 Electric Incinerator     $1,250
680601 Cartage FIF Refuse     $28,000
680701 Supplies Incinerator     $2,000
680801 Fuel Oil Incinerator     $10,000
681201 Uniform Clothing     $3,000
681301 Incinerator Maintenance     $10,150
681401 Residue Removal     $1,250
685000 Total Refuse & Incinerator     $109,453
         
    MAINTENANCE SHOP    
686101 Personnel Service     $37,700
686201 Capital Outlay Shop     $24,000
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     $7,500
687001 Gasoline Equipment     $9,000
687101 Ferry Tix Shop     $468
689000 Total Shop     $85,618
         
    GENERAL VILLAGE OVERHEAD    
692101 Assessor Misc.     $500
692201 Fire Marshall     $2,000
692301 Unallocated Insurance     $70,110
692401 Municipal Dues     $1,275
692501 Islip Taxes     $54,510
692801 Miscellaneous General Government     $3,430
693001 Building Inspect. Misc.     $1,000
693101 Retirement Contribution     $21,405
693201 Social Security     $54,400
693301 Worker Comp     $35,369
693401 Unemployment Insurance     $7,776
693501 *Group Medical     $107,318
693801 Serial Bond Principle     $160,000
693901 Serial Bond Interest     $73,372
694101 Disability Ins.     $950
694401 BAN Interest     $58,625
694801 Paying Agent     $665
695000 Total Village General Overhead     $652,704
         
    WATER    
730103 Personnel     $24,571
730203 Capital Improvement Mains     $11,000
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     $65,071.00
         
    CAPITAL    
746206 Increase Ocean Front Reserve     $191,028
746306 Increase Bay Front Reserve     $0
746406 Increase Equipment Reserve     $0
753000 Total Capital Fund Appropriations     $191,028
  Increase Reserves     $191,028
         
799000 Combined Appropriations     $2,086,480
         
         
  FINANCIAL POSITION      
Total Reserves @ 5/31/02       $704,755
  General   $371,459  
  Water   $53,767  
  Bayfront Reserve   $92,516  
  Oceanfront Reserve   $92,516  
  Equipment Reserve   $92,516  
  Capital Projects   $1,981  
         
Anticipated Surplus from 2002/03 Budget       $241,178
         
Anticipated Capital Project Expenditures       $120,099
         
Total Anticipated Reserves @ 5/31/03       $825,834
         
Total Outstanding Debt @ 6/1/03       $1,280,000
         
         


Last Updated on 4/14/03
By MARIO POSILLICO
Email: saltaire@mindspring.com