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2004/2005 BUDGET


         
  FINANCIAL POSITION      
Total Reserves @ 5/31/03       $1,042,132
  General   $380,130  
  Water   $82,600  
  Repair Reserve   $82,556  
  Bayfront Reserve   $65,333  
  Oceanfront Reserve   $330,811  
  Equipment Reserve   $65,333  
  Other Reserves   $35,369  
  Capital Projects   ($121,622)  
         
Anticipated Surplus from 2003/04 Budget       $283,705
         
Beach Project Paid from Reserves       $750,000
         
Total Anticipated Reserves @ 5/31/04       $575,837
         
Total Outstanding Debt @ 6/1/04       $2,870,000
         
         
         
         
         
         
    REVENUES    
ACCT # ACCOUNT NAME     2004/05 BUDGET
         
401001 Real Estate Tax     $ 1,576,603
401501 Interest & Penalties on Taxes     $ 4,500
401901 Real Estate Rental Fee     $ 17,500
402001 Building Permit Fee     $ 7,000
402101 Propane Tank Inspection Fees     $ 2,250
402401 Water Taxi Fee     $ 2,800
402501 Ferry Franchise     $ 55,000
402601 Cartage Concession Fee     $ 3,500
402701 Utility Tax     $ 3,600
403001 Parking Franchise Fee     $ 89,475
404001 Camp Fees     $ 124,500
405001 Mooring Fees     $ 46,250
405101 Library Receipts     $ 2,000
405201 Misc. Clerk Fees     $ 1,750
406001 Interest on General Account     $ 6,127
407001 P.O. Rental     $ 2,500
407601 Ferry Tix Handling Fee     $ 12,750
408001 Driving Permits     $ 18,500
408501 Commercial Garbage Collection Fees(Eliminated)     $ -
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
415101 State/Town Grant     $ -
415201 Dr. Rental Fee     $ 1,500
415901 Donations     $ 1,000
416101 Interest Repair Reserve     $ 623
416106 Interest Capital Reserve     $ 103,000
417103 Jetting Fee     $ 600
417403 Swim Pool Fees     $ 225
417603 Interest Water Fund     $ 597
499809 2004/05 Non Tax Revenue     $ 554,947
         
411001 2004/05 Tax Receipts     $ 1,576,603
         
499909 2004/05 Combined Revenue     $ 2,131,550
         
         
         
    APPROPRIATIONS    
         
ACCT # ACCOUNT NAME     2004/05 BUDGET
    BOARD OF TRUSTEES    
510301 Board Operations     $2,500
515000 Total Board of Trustees     $2,500
         
    VILLAGE JUSTICE    
520101 Personnel Service     $2,500
520301 Justice Operations     $750
525000 Total Village Justice     $3,250
         
    AUDITOR    
530301 Auditor     $18,500
535000 Total Auditor     $18,500
         
    VILLAGE CLERK    
550101 Personnel Services     $143,500
550201 Clerk Capital Expense     $1,000
550301 Clerk Operations     $750
550501 Telephone Clerk     $5,375
550601 Cartage Clerk     $250
550701 Legal Notice Clerk     $400
550801 Postage Clerk     $5,000
550901 Equipment Repair     $850
551001 Equipment Rental     $3,480
551101 Stationery Printing Clerk     $2,500
551201 Payroll Prep.     $3,450
555000 Total Village Clerk     $166,555
         
    ELECTIONS    
560301 Election Operations     $400
565000 Total Elections     $400
         
    VILLAGE ATTORNEY    
570201 Contract Services     $20,000
570301 Legal Operations     $500
575000 Total Village Attorney     $20,500
         
    POST OFFICE    
580101 Personnel Services     $3,250
580301 P.O. Operations     $250
580501 Telephone P.O.     $250
581301 Ferry Tickets/Travel     $250
585000 Total Post Office     $4,000
         
    BUILDING    
590101 Personnel Services     $40,359
590201 Building Capital     $19,750
590301 Building Operations     $1,000
590401 Electric Building     $15,000
590501 Phone Building     $0
590601 Cartage FIF Building     $1,000
590701 Lumber & Supply Building     $11,750
590801 Fuel Oil Building     $18,000
590901 Rep & Maint. Building     $9,700
591201 Equipment R&M Building     $1,500
595000 Total Building     $118,059
         
    SECURITY DEPT.    
600101 Personnel Service     $119,492
600201 Capital Expenses     $2,000
600301 Security Operations     $500
600401 Electricity Security     $450
600501 Telephone Security     $3,450
600601 Carting Security     $50
600701 Ferry Tix Security     $996
600801 Supplies Security     $700
600901 Maintenace of Communications Equipment     $350
601001 Vehicle Mtce/Gasoline Security     $1,000
601101 Stationery Printing Security     $500
601201 Uniforms Security     $2,000
601301 Automobile Lease Security     $3,816
605000 Total Security     $135,304
         
    FIRE DEPARTMENT    
610101 Contract     $17,500
610201 Capital Expenditures FD     $13,738
610301 FD Operations     $500
610401 Electricity FD     $3,500
610501 Telephone FD     $3,700
610601 Cartage FD     $500
610701 Bottled Gas FD     $400
610801 Supplies FD     $4,200
610901 Maintenance FD     $8,750
611101 Stationery & Printing FD     $250
611201 Breathing Apparatus: Testing & Refilling     $4,700
611301 Physicals & Certifications     $3,300
611401 Special Allocation     $15,500
615000 Total Fire Department     $76,538
         
    PUBLIC HEALTH    
620301 Public Health Operations     $20,250
620501 Telephone Health     $1,250
625000 Total Public Health     $21,500
         
    WALKS    
630101 Personnel Service     $46,911
630301 Walks Operations     $750
630404 Electric Walks     $3,500
630601 Cartage Walks     $2,000
630701 Lumber Walks     $21,625
630801 Tools & Supplies Walks     $2,300
630901 Concrete Walks     $1,000
631001 Snow Removal Materials     $500
635000 Total Walks     $78,586
         
    PARKING LOT    
640301 Parking Operations     $800
645000 Total Parking Lot     $800
         
    RECREATION    
650101 Personnel Services     $70,300
650201 Camp Equipment     $2,000
650301 Camp Operations     $21,100
650501 Telephone Recreation     $125
650601 Cartage Recreation     $6,300
651101 Stationery & Printing     $250
651301 Ferry Tix/Travel Recreation     $2,250
655000 Total Recreation     $102,325
         
         
    PARKS & PLAYGROUND    
657001 Personnel Services     $54,675
657201 Capital Expense Parks     $11,100
657301 Parks & Playgrounds Operations     $500
657401 Park Maintenance     $4,500
657900 Total Parks & Playgrounds     $70,775
         
    LIFEGUARD SERVICES    
660101 Lifeguard Personnel Service     $87,093
660201 Capital Exp. Lifeguard     $1,000
660301 Lifeguard Operations     $1,500
660401 Ferry Tix/Parking Lifeguards     $3,750
660501 Phone - Lifeguards     $400
660601 Clothing - Lifeguards     $2,100
665000 Total Lifeguards     $95,843
         
    BEACHES    
666101 Personnel Service     $44,323
666201 Capital Expense Beach     $0
666301 Beach Operations     $1,500
666401 Maintenance Beach     $11,750
666601 Cartage Beaches     $1,000
666900 Total Beaches     $58,573
         
    MARINA & DOCK    
670101 Personnel Service     $9,139
670201 Capital Expense Docks     $1,500
670301 Dock Operations     $500
670401 Electricity Docks     $350
670601 Cartage Docks     $250
670701 Lumber & Supplies Docks     $2,000
670901 Repair Docks     $2,500
675000 Total Marine & Docks     $16,239
         
    LIBRARY    
676101 Personnel Service     $4,850
676301 Library Program Supplies     $3,250
680000 Total Library     $8,100
         
    REFUSE & INCINERATOR    
680101 Personnel Service     $41,897
680201 Capital Outlay Refuse     $15,000
680301 Refuse Operations     $250
680401 Electric Incinerator     $1,250
680601 Cartage FIF Refuse     $39,000
680701 Supplies Incinerator     $1,000
680801 Fuel Oil Incinerator     $7,000
681201 Uniform Clothing     $3,500
681301 Incinerator Maintenance     $4,000
681401 Residue Removal     $1,250
685000 Total Refuse & Incinerator     $114,147
         
    MAINTENANCE SHOP    
686101 Personnel Service     $38,642
686201 Capital Outlay Shop     $13,000
686301 Shop Operations     $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     $74,560
         
    GENERAL VILLAGE OVERHEAD    
692101 Assessor Misc.     $500
692201 Fire Marshall     $4,000
692301 Unallocated Insurance     $74,516
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     $56,994
693201 Social Security     $55,852
693301 Worker Comp     $42,239
693401 Unemployment Insurance     $5,254
693501 Group Medical     $117,322
693801 Serial Bond Principal     $165,000
693901 Serial Bond Interest     $125,487
694101 Disability Ins.     $950
694401 BAN Interest     $15,000
694801 Paying Agent     $665
695000 Total Village General     $723,994
         
    WATER    
730103 Personnel     $25,557
730203 Capital Improvement Mains     $0
730303 Wells & Mains Operations     $500
730403 Electric Wells     $12,000
730503 Telephone Wells     $500
730603 Cartage Mains     $500
730803 Equipment Supplies Mains     $11,000
731303 Maintenance Well & Mains     $3,500
731403 Water Testing     $3,000
741003 Total Water     $56,557.00
         
    CAPITAL    
746206 Increase Ocean Front Reserve     $0
746306 Increase Bay Front Reserve     $103,946
746406 Increase Infrastructure Reserve     $60,000
753000 Total Capital Fund Appropriations     $163,946
  Increase Reserves     $163,946
         
799000 Combined Appropriations     $2,131,550
         
         
         
SUMMARY BY FINANCE TRUSTEE JAMES MCCANN        
         
      2004/05 Budget 1998/99 Budget
         
SALARIES & BENEFITS     $ 1,011,000 $ 682,000
(Housing Benefit Not Included)        
         
BOND PAYMENTS     $ 306,152 $ 304,000
         
INCREASED RESERVES     $ 162,000 $ -
         
INFRASTRUCTURE MTCE     $ 148,413 $ 128,500
(Material Costs)        
         
INSURANCE     $ 74,500 $ 58,000
         
EQUIPMENT     $ 22,300 $ 71,000
(Purchase & Repair)        
         
TAXES PAID TO ISLIP     $ 54,500 $ 54,000
         
ELECTRICITY     $ 37,150 $ 34,000
         
FUEL     $ 34,900 $ 16,000
(Oil, Gasoline, Propane)        
         
LEGAL     $ 20,000 $ 20,000
         
AUDITOR     $ 18,500 $ 14,000
         
MISCELLANEOUS     $ 18,330 $ 44,000
(Total from each department)        
         
TELEPHONE     $ 15,675 $ 12,500
         
OTHER NON-LISTED ITEMS     $ 208,130 $ 125,000
         
         
TOTAL ANNUAL BUDGET     $ 2,131,550 $ 1,563,000
         
         
         
  FINANCIAL POSITION      
Total Reserves @ 5/31/03       $1,042,132
  General   $380,130  
  Water   $82,600  
  Repair Reserve   $82,556  
  Bayfront Reserve   $65,333  
  Oceanfront Reserve   $330,811  
  Equipment Reserve   $65,333  
  Other Reserves   $35,369  
  Capital Projects   -$121,622  
         
Anticipated Surplus from 2003/04 Budget       $283,705
         
Beach Project Paid from Reserves       $750,000
         
Total Anticipated Reserves @ 5/31/04       $575,837
         
Total Outstanding Debt @ 6/1/04       $2,870,000
         
         


Last Updated on 4/28/04
By MARIO POSILLICO
Email: saltaire@mindspring.com