All Numbers in This Report
Have Been Rounded To
The Nearest Dollar
ANNUAL FINANCIAL REPORT
UPDATE DOCUMENT
ForThe
TOWN of Lewiston
County of Niagara
For the Fiscal Year Ended 1213112012
**************,,:*****************************************"""**************************************************************************
AUTHORIZATION
ARTICLE 3, SECTION 30 of the GENERAL MUNICPAL LAW:
1. '''Every Municipal Corporation'" shall annually make a report of its
financial condition to the Comptroller. Such report shall be made by the
Chief Fiscal Officer of such Municipal Corporation **'
5. All reports shall be certified by the officer making the same and shall
be filed with the Comptroller'" It shall be the duty of the incumbent
officer at the time such reports are required to be filed with the
Comptroller to file such report '*'
State of NEW YORK
Office of The State Comptroller
DiVision of Local Government and School Accountability
Albany, New York 12236
Page 1
TOWN OF Lewiston
H. FINANCIAL SECTION ...
Financial Information for the following funds and account groups are included in the Annual Financial Report filed by
your government for the fiscal year ended 2011 and has been used by the OSC as the basis for preparing this
update document for the fiscal year ended 2012
(A) GENERAL
(8) GENERAL TOWN-OUTSIDE VG
(DB) HIGHWAY-PART-TOWN
(H) CAPITAL PROJECTS
(K) GENERAL FIXED ASSETS
(SO) DRAINAGE
(SF) FIRE PROTECTION
(SL) LIGHTING
(SM) MISCELLANEOUS
(SR) REFUSE AND GARBAGE
(SS) SEWER
(SW) WATER
(TA) AGENCY
(V) DEBT SERVICE
(W) GENERAL LONG-TERM DEBT
All amounts included in this update document for 2011 represent data filed by your government with
OSC as reviewed and adjusted where necessary .
... ARRA SECTION ...
The American Recovery and Reinvestment Act (ARRA) section of your Annual Financial Report
is designed to report revenues and expenditures of federal stimulus money
for the current fiscal year ended
." SUPPLEMENTAL SECTION ...
The Supplemental Section includes the following sections
1) Statement of Indebtedness
2) Schedule of Time Deposits and Investments
3) Bank Reconciliation
4)
5)
6)
7)
Local Government Questionnaire
Schedule of Employee and Retiree Benefits
Schedule of Energy Costs and Consumption
Schedule of Other Post Employment Benefits (OPEB)
All numbers in this report will be rounded to the nearest doliar.
Page 2
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(A) GENERAL
Balance Sheet
Assets
Cash
716,550
Petty Cash
A200
512,030
A210
1,025
Accounts Re(;eiv,able
Funds
Due
Other Governments
Page 3
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(A) GENERAL
Balance Sheet
Liabilities
Accounts Payable
125,401
A600
75,894
Reserve For Judgments & Claims
tbT;I("ili\il\!i~i~iEid~~llild!g.I...iic~'
A's'~(g'~;;d"A'PP'~OP;'i~'ted"'FU~'(r8~'I'~~~e
Page 4
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(A) GENERAL
Results of Operation
Revenues
Interest & Penalties On Real Prop Taxes
12,908
Franchises
Other Non-Prop Tax
Clerk Fees
Public Pound Charges, Dog Control Fees
Other Public Safety Departmental Income
Charges-Programs For The Aging
Park And Recreational Charges
Mise Revenue, Other Govts
Additional Description Greenway/Joe Davis Park
interest And Earnings
Bingo Licenses
Dog Licenses
Fines And Forfeited Bail
15,279
25,000
A1170
18,750
1,860,964
A1189
1,950,036
2,061
A1255
2,547
365
A1550
155
38
A1589
119
6,195
A1972
12,527
128,982
A2001
143,740
A2012
14,538
Recreational Concessions
Sale of Cemetery Lots
A1090
300
A2190
165,508
A2389
648,062
3,752
A2401
2,009
2,110
A2540
2,196
16,141
A2544
18,322
326,308
A2610
395,768
A2680
3,315
Insurance Recoveries
"f~T~~i;§l!\"''''.!P#<:>Jl~''Y·AJl~,·g9mp:$n.ati9.n'.f''t
Refunds of Prior Year's Expenditures
A2701
12,296
Unclassified (specify)
Additional Description SSI ADMIN FEE 6500/0THER
18,837
A2770
7,334
St Aid, Revenue Sharing
85,269
A3001
85,269
A3060
22,056
ST. Aid, Records MgmT
St Ald· Other (speCify)
14,665
A3089
8t Aid, Youth Programs
4,543
A3820
lnterfund Transfers
Page 5
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(A) GENERAL
Results of Operation
Expenditures
Legislative Board, Pefs Serv
Al0l0l
Al0l04
55,424
6,837
A11101
All102
Al1104
141,007
32,338
8,942
84,650
11,563
A12201
87,243
A12204
14,243
79,280
4,134
A13101
A13104
81,660
6,288
A13301
A13302
A13304
55,002
Tax Collection,contr Expend
60,812
443
4,088
Assessment, Pers Serv
58,884
A13551
80,825
Assessment. Equip & Cap Outlay
93
30,311
A13552
A13554
11,054
153,090
4,817
A14101
A14102
A14104
162,666
51
27,856
Law, Contf Expend
67,182
A14201
A14204
68,400
28,743
Engineer, Pers Serv
22,667
A14401
A14402
21,146
53,808
Legislative Board, Contr Expend
938
Municipal Court Pers Serv
145,732
Municipal Court Equip & Cap Outlay
25,172
14,650
Municipal Court, Contr Expend
Supervisor,pers Serv
Supervisor,contr Expend
Oir of Finance, Pers Serv
Dir of Finance, Contf Expend
Auditor, Contr Expend
t'tl'!'J!;liAualtp,. .
Tax CoHection,pers Serv
Tax Co!!ectlon,equip & Cap Outlay
Assessment, Contr Expend
Clerk,pers SeN
Clerk,equip & Cap Outlay
Clerk,contr Expend
law, Pefs Serv
Engineer, Equip & Cap Outlay
270
3,901
3,772
A14404
199
1,915
227
92
A14501
A14504
402
242
Buildings, Pers Serv
31,200
Buildings, Equip & Cap Outlay
131
89,877
A16201
A16202
32,308
440
81,431
Engineer, Contr Expend
Elections, Pers Serv
Elections, Contr Expend
tg:ri/,kE:lel;tip"s ..
Buildings, Contr Expend
A16204
Unallocated Insurance, Contr Expend
Municipal Assn Dues, Contr Expend
Page 6
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(A) GENERAL
Results of Operation
Expenditures
Judgements And Claims, Contr Expend
24,474
A19304
Taxes & Assess On Munic Prop, Contr Expend
Police, Pers Serv
Traffic Control, Contr Expen
Control of Animals, Pers SeN
34,555
31,748
A35101
402
A35102
14,467
A35104
6,958
115,192
A67721
107,711
65
A67722
458
55,166
A67724
54,496
Special Ree Facility, Pers Serv
Additional Description JDE DAVIS PARK
A71801
117,084
Special Rec Facility, Equip & Cap Outlay
Additional Description JOE DAVIS PARK
A71802
530,978
59,857
Control of Animals, Equip & Cap Outlay
Control of Animals, Contr Expend
Public Health, Cantr Expend
Street Admin, Pers Serv
Garage, Contr Expend
Other Economic Opp Pro, Contr Expend
Veterans Service. Contr Expend
Programs For Aging, Pers Serv
Programs For Aging, Equip & Cap Outlay
Programs For Aging. Contr Expend
\f;ii:L!!~~~!1:!i;i~i~lli[~~=1
Parks, Pers Serv
Youth Prog, Pers Serv
55,795
A73101
Youth Prog, Equip & Cap Outlay
15,927
A73102
15,506
195,031
A731 04
201,447
4,900
A74102
52,000
A74104
Youth Prog, Contr Expend
library, Equip & Cap Outlay
Library, Contr Expend
Page 7
59,200
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(A) GENERAL
Results of Operation
Expenditures
Historian, Pers Sarv
500
A75101
500
A79891
441
Historica! Property, Contr Expend
Other Culture And Ree, Pers Serv
Additional Description BINGO
Environmental Control. Pers Serv
9,247
A80901
9,527
Environmental Control, Equip & Cap Outlay
10,819
A80902
Environmental Control, Contr Expend
15,231
A80904
630
10,786
193,802
A90108
169,154
81,197
A90308
93,579
400
150,232
A90408
MOS08
650
165,585
J.;!"'iWi:.iF,'!ZR~i'~illi!fl
Mise Home & Comm SeN, Contr Expend
State Retirement System
Social Security, Employer Cant
Worker's Compensation, EmpJ Bntts
Hospital & Medical (dental) Ins. Empl Bnft
Page 8
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(A) GENERAL
Changes in Fund Equity
_._.~.'mm:l
ANALYSIS OF CHANGES IN FUND EQUITY
Fund
Equity~Beginnjn9
••
. . . . . . . . . . . ._
~'~'m*5iirn.~
of Year
1,218,318
Prior Period Adj ~ Decrease In Fund Equity
Restated Fund Equity
m
Beg of Year
1,218,317
2,676,946
ADD" REVENUES AND OTHER SOURCES
DEDUCT" EXPENDITURES AND OTHER USES
Fund Equity-End of Year
A6021
1,133,957
AB01S
AB022
1,133,957
3,354,318
3,261,986
2,761,306
1,133,957
Page 9
AB029
1,226,289
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(A) GENERAL
Budget Summary
Estimated Revenues
Est Rev ~ Real Property Tax Items
Est Rev
~
Non Property Tax Items
Est Rev
~
Departmental Income
Est Rev - Use of Money And Property
13,000
A1099N
13,000
1,870,000
A1199N
1,815,000
109,600
A1299N
278,400
5,000
A2499N
3,000
19,500
Est Rev
~
Licenses And Permits
20,920
A2599N
Est Rev
~
Fines And Forfeitures
260,000
A2649N
300,000
Est Rev ~ Miscellaneous Local Sources
43,800
A2799N
488,000
Est Rev - State Aid
92,500
A3099N
90,000
300,000
A5031 N
100,000
A599N
248,071
Estimated
*
Interfund Transfer
Appropriated Fund Balance
224,130
Page 10
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(A) GENERAL
Budget Summary
Appropriations
App " General Government Support
1,264,707
A1999N
1,281,275
50,710
A3999N
48,110
5,000
A4999N
5,000
205,800
A5999N
222,820
70,900
A6999N
62,000
App" Culture And Recreation
507,376
A7999N
696,858
App" Home And Community Services
372,365
A8999N
564,809
App " Employee Benefits
462,092
A9199N
474,099
App
Public Safety
App - Health
App ~ Transportation
App ~ Economic Assistance And Opportunity
Page 11
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(8) GENERAL TOWN-OUTSIDE VG
Balance Sheet
Assets
Cash
529,298
Petty Cash
8200
8210
647,733
25
Due
~C!J~A~tl~~~Ff<itT!OIj1"F~~~"r.nm"nl$
Cash, Special Reserves
Page 12
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(8) GENERAL TOWN-OUTSIDE VG
Balance Sheet
Liabilities
Accounts Payable
26,762
B600
58,489
746,016
8915
540,208
tl>fA:illi;~«!if'i~l'd·".tiiia; aaii¥ilce.
A~~ig'n;d A'pp'r~-priat~d-"F-~-~;r8;a'l~n~e
Assigned Unappropriated Fund Balance
Page 13
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(8) GENERAL TOWN-OUTSIDE VG
Revenues
Special Assessments
Other Payments In Lieu of Taxes
Sales Tax (from County)
Franchises
Other General Departmental Income
Police Department Fees
Other Home & Community Services Income
Additional Description CERTIFIED COPiES
Mise Revenue, Other Govts
Additional Description MORTGAGE TAX
Interest And Earnings
Building And Alteration Permits
Permits, Other
Unclassified (specify)
Interfund Transfers
4,880
81030
7,837
16,771
81081
17,644
1,729,081
Bl120
1,794,637
162,479
81170
167,756
13,769
81289
6,641
249,515
81520
252,934
26,183
B2189
26,230
200,438
82389
237,372
802
82401
1,597
35,475
82555
37,532
2,970
82590
4,085
524
82770
2,809
114,000
85031
:~i5=
Page 14
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(8) GENERAL TOWN-OUTSIDE VG
Results of Operation
Expenditures
Clerk, Pers Serv
Clerk, Contr Expend
18,065
814101
18,409
882
814104
1,192
9,903
817104
11,401
819892
119,347
677,289
831201
691,745
50,161
831202
38,123
116,606
831204
114,398
834101
45,200
Engineer, Contr Expend
Central Data Process, Contr Expend
Administration-Contractual
Additional Description GRANT WRITING
Unallocated Insurance. Contr Expend
Other Gen Govt Support, Equip & Cap Outlay
Additional Description TOWN EQPTIiNFRASTRUCTUf<E
Police, Pers Serv
Police, Equip & Cap Outlay
Police, Contr Expend
Fire, Pers Serv
42,307
Fire, Equip & Cap Outlay
834102
665
12,063
834104
11,722
119,382
836201
130,099
2,758
836202
1,478
20,249
836204
22,563
Parks, Pers Serv
76,536
871101
86,695
Parks. Equip & Cap Outlay
81,028
871102
4,520
Parks. Contr Expend
71,264
871104
78,391
2,535
880101
2,887
456
880104
1,718
2,665
B80201
2,710
Fire, Contr Expend
Safety Inspection, Pers Serv
Safety Inspection, Equip & Cap Outlay
Safety Inspection, Contr Expend
Street li9hting, Contr Expend
Library, Contr Expend
Celebrations, Contr Expend
Zoning, Pers Serv
Zoning, Contr Expend
Planning, Pers Serv
Page 15
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(8) GENERAL TOWN-OUTSIDE VG
Results of Operation
Expenditures
Planning, Contr Expend
State Retirement, Empl Bnfts
8.929
880204
2,720
220,934
890108
251,903
Social Security, Empl Snfts
68,184
890308
76,016
Worker's Compensation, Emp! Bnfts
24,320
890408
35,632
Unemployment Insurance, Empl Snfts
Hospital & Medical (dental) Ins. Empl Bnft
Transfers, Other Funds
Page 16
8,589
890508
2,594
183,601
890608
192,483
34,000
899019
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(8) GENERAL TOWN-OUTSIDE VG
Changes in Fund Equity
ANALYSIS OF CHANGES IN FUND EQUITY
1,027,689
0
1,027,689
2,556,887
2,465,225
1,119,351
Fund Equity ~ Beginning of Year
Prior Period Adj - Decrease !n Fund Equity
Restated Fund Equity ~ 8eg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity ~ End of Year
Page 17
B8021
B8015
B8022
B8029
1,119,351
1,119,351
2,557,074
2,585,988
1,090,437
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(8) GENERAL TOWN-OUTSIDE VG
Budget Summary
Estimated Revenues
Est Rev· Real Property Tax Items
24,S00
81099N
27,123
Est Rev ~ Non Property Tax Items
1,982,500
B1199N
1,976,500
291,000
81299N
380,000
800
82499N
800
51,000
B2599N
42,000
600
B2799N
600
150,000
B5031N
150,000
282,814
B599N
467,183
Est Rev· Departmental Income
Est
Rev - Use of Money And Property
Est Rev· licenses And Permits
Est Rev-Miscellaneous Local Sources
Estimated
~
Interfund Transfers
Appropriated Fund Balance
Page 18
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(8) GENERAL TOWN-OUTSIDE VG
Budget Summary
Appropriations
App ~ General Government Support
App - Public Safety
App
Health
436,560
B1999N
466,992
1,061,128
B3999N
1,184,886
23,312
84999N
21,000
176,450
B7999N
176,000
App ~ Home And Community Services
497,370
B8999N
547,302
App ~ Employee Benefits
588,394
B9199N
648,026
App ~ Culture And Recreation
Page 19
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(DB) HIGHWAY-PART-TOWN
Balance Sheet
Assets
Cash
100
Petty Cash
D8200
D8210
100
Accounts Receivable
Page 20
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(DB) HIGHWAY-PART-TOWN
Balance Sheet
Liabilities
Accounts Payable
Assigned Unappropriated Fund Balance
Page 21
33,400
DB600
13,536
279,230
DB915
173,762
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(OB) HIGHWAY-PART-TOWN
Results of OperatIon
Revenues
Sales Tax (from County)
1,661,274
081120
1,726,181
195,239
082300
211,510
331
D82401
155
18,170
082655
11,444
424
082770
1,784
5t Aid, Consolidated Highway Aid
109,207
083501
109,194
Interfund Transfers
487,702
085031
87,270
Transportation Services, Other Govts
Interest And Earnings
Sales, Other
T}<il:rAt,i!1~!~~fil'rQP"rtl'''nd '(;Qml'ensati.on ',FOf,LOss
Unclassified (specify)
Page 22
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(DB) HIGHWAY-PART-TOWN
Results of Operation
Expenditures
Unallocated Insurance, Contr Expend
44,795
0819104
35,000
Maint of Streets, Pers Serv
744,165
0851101
792,952
Maint of Streets, Contr Expend
190.493
0851104
229,016
Machinery, Pers Serv
62,964
0851301
51,739
Machinery, Equip & Cap Outlay
61,794
0851302
1,163
137,988
0851304
122,590
Perm Improve Highway, Contr Expend
Machinery, Contr Expend
Brush And Weeds, Pars Serv
363
OB51401
7,447
OB51404
Snow Removal, Pers Serv
161.484
0851421
129,339
Snow Removal, Contr Expend
188.454
0851424
145,466
State Retirement Empl Bnfts
Brush And Weeds, Contr Expend
160,388
OB90108
139,990
Socia! Security, Empl Bnfts
78,356
OB90308
74,982
Worker's Compensation, Empl Bnfts
33,460
OB90408
48,944
1,646
OB90508
5,212
295,776
D890608
313,201
Debt Principal, Serial Bonds
50,000
0897106
50,000
Debt Interest, Serial Bonds
22.950
DB97107
20,950
114,000
0899019
Unemployment Insurance, Empl Bnfts
Hospital & Medical (dental) Ins. Empl Bnft
Transfers, Other Funds
Page 23
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(DB) HIGHWAY-PART-TOWN
Changes in Fund Equity
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity ~ Beginning of Year
Prior Period AdJ.~ Increase In Fund Equity
Prior Period Adj - Decrease In Fund Equity
Restated Fund Equity ~ Beg of Year
506,515
D88021
0
DB8012
25,799
088015
480,716
088022
ADD - REVENUES AND OTHER SOURCES
2,472,347
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity· End of Year
2,461,474
491,589
Page 24
491,589
491,589
2,147,538
2,247,538
D88029
391,589
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(DB) HIGHWAY,PART,TOWN
Budget Summary
Estimated Revenues
Est Rev
Est Rev
Est Rev
~
4
~
Est Rev
Est Rev
Non Property Tax Items
Departmental Income
Use of Money And Property
Miscellaneous Local Sources
~
Estimated
State Aid
~
Interfund Transfer
Appropriated Fund Balance
Page 25
1,593,500
DB1199N
1,750,000
217,000
DB1299N
225,000
1,000
D82499N
500
23,500
DB2799N
25,000
109,000
DB3099N
109,000
384,897
D85031 N
300,000
100,000
DB599N
100,000
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(DB) HIGHWAY-PART·TOWN
Budget Summary
Appropriations
App - Transportation
App - Employee Benefits
App - Debt Service
Page 26
1,738.451
DB5999N
1,775,043
619.495
DB9199N
654,563
70.951
DB9899N
79,894
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(HI CAPITAL PROJECTS
Balance Sheet
Assets
Cash
3,434,100
Page 27
H200
7,392,100
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(H) CAPITAL PROJECTS
Balance Sheet
Liabilities
Accounts Payable
51.512
H600
184,149
~!i!~~;~~~~~~~;~~~~~1.~;
Page 28
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(H) CAPITAL PROJECTS
Results of Operation
Revenues
Interest And Earnings
14,730
H2401
Licenses, Other
850,QOO
H2545
Gifts And Donations
Additional Description NYPA
738,253
H2705
850,000
Grants From local Governments
Additional Description GREENWAY
H2706
339,841
Premium & Accrued Interest On Obligations
H2710
30,131
Unclassified (specify)
Additional Description POWER ALLOCATION
H2770
23,099
lnterfund Transfers
107,650
Page 29
10,834
H5031
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(H) CAPITAL PROJECTS
Results of Operation
Expenditures
Buildings, Equip & Cap Outlay
Additional Description TOWN HALL
H16202
30,100
Other Public Safety, Equip & Cap Outlay
Additional Description HAZ MAT
1'39972
85,000
Economic Dev. Equip & Cap Outlay
Additional Description POWER ALLOCATION
H64972
87,095
27,434
H71402
158,036
135.407
1'71802
156,379
H79972
213,000
87,976
Other Gen Govt Support, Equip & Cap Outlay
Playgr & Rec Centers, Equip & Cap Outlay
Special Ree Facility, Equip & Cap Outlay
Additional Description ICE RINK
Other Culture And Recreation
Additional Description GREENWAY
Environmental Control, Equip & Cap Outlay
81,491
Sanitary Sewers, Equip & Cap Outlay
442,964
Water Capita! Projects, Equip & Cap Outlay
285.575
Comm Beautification, Equip & Cap Outlay
H80902
48,747
465,134
Transfers, Other Funds
Page 30
H99019
464,624
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(HI CAPITAL PROJECTS
Changes in Fund Equity
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity· Beginning of Year
2,330,755
H8021
Restated Fund Equity ~ Beg of Year
H8022
2,245,693
2,245,693
DEDUCT· EXPENDITURES AND OTHER USES
2,330,755
1,710,633
1,795,695
Fund Equity - End of Year
2,245,693
H8029
2,380,751
1,118,841
ADD· REVENUES AND OTHER SOURCES
Page 31
1,253,905
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(K) GENERAL FIXED ASSETS
Balance Sheet
Assets
land
Buildings
Construction Work In Progress
556,150
K101
556,150
14,180,298
K102
14,180,298
5,210,552
K105
5,210,552
6,738,262
K106
6,738,262
19,092,891
K107
19,092,891
Accum Depree, Bulldings
-9,716,008
K112
-9,716,008
Accum Oepr, Imp Other Than Bid
-9.405.524
K113
-9,405,524
-179,000
K116
-179,000
-6,186,544
K117
-6,186,544
Infrastructure
Other Capital Assets
Accum Depree, Infrastructure
Accum Depree, Other Capital Asseis
Page 32
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(K) GENERAL FIXED ASSETS
Balance Sheet
Fund Equity
Total Non-Current Govt Assets
20,291.077
Page 33
K159
20,291,077
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
Balance Sheet
Page 34
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
Balance Sheet
Page 35
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
Results of Operation
Page 36
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SD) DRAINAGE
Results of Operation
Other Uses
Transfers, Other Funds
114,75'1
Page 37
SD99019
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SO) DRAINAGE
Changes in Fund Equity
ANALYSIS OF CHANGES IN FUND EQUITY
114,751
114,751
114,751
Fund Equity - Beginning of Year
Restated Fund Equity - Beg of Year
DEDUCT· EXPENDITURES AND OTHER USES
8D8021
SD8022
5D8029
Fund Equity End of Year
Page 38
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SF) FIRE PROTECTION
Balance Sheet
Assets
Cash
157,713
Page 39
SF200
155,135
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SF) FIRE PROTECTION
Balance Sheet
liabilities
Accounts Payable
1.122
Page 40
SF600
4,250
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SF) FIRE PROTECTION
Results of Operation
ii~i:JJ/lll_1
Revenues
Real Property Taxes
1,152,522
SF1001
1,160,372
Other Payments In Lieu of Taxes
1.31 ?
SF1081
1,313
Interest And Earnings
1,234
81'2401
724
Unclassified (specify)
4,600
SF2770
6,050
Page 41
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SF) FIRE PROTECTION
Results of Operation
Expenditures
Unallocated Insurance
Fire Protection, Contr Expend
Service Awards Program
Other Employee Benefits (spec)
Page 42
28.000
SF19104
28,000
980.580
SI'34104
980,585
76.164
52,885
81'90258
SF'90898
85,253
79,726
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SF) FIRE PROTECTION
Changes in Fund Equity
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity ~ Beginning of Year
133,951
SF8021
SF8012
155,990
133,952
1,159,668
1,137,679
155,990
SF8022
155,990
1,168,459
1,173,564
150,885
Prior Period AdJ,~ Increase In Fund Equity
Restated Fund Equity ~ Beg of Year
ADD· REVENUES AND OTHER SOURCES
DEDUCT· EXPENDITURES AND OTHER USES
Fund Equity ~ End of Year
Page 43
SF8029
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SL) LIGHTING
Balance Sheet
Assets
Cash
18,280
Page 44
SL200
26,558
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SL) LIGHTING
Balance Sheet
Liabilities
Accounts Payable
SL600
Page 45
2.238
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SL) LIGHTING
Results of Operation
Revenues
Real Property Taxes
Interest And Earnings
Page 46
19,317
SL 1001
19,317
78
SL2401
65
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SL) LIGHTING
Results of Operation
Expenditures
Street Lighting, Pers Serv
12.968
Page 47
SL51821
13,342
Osc Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SL) LIGHTING
Changes in Fund Equity
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity ~ Beginning of Year
11.854
Prior Period Adj ~ Increase In Fund Equity
SLS021
18,280
SL8012
Prior Period Adj Decrease In FUnd Equity
Restated Fund Equity Seg of Voa,
1
SL8015
11,853
sLS022
ADD· REVENUES AND OTHER SOURCES
18.395
DEDUCT· EXPENDITURES AND OTHER USES
12.968
Fund Equity - End of Year
18.280
Page 48
18,280
19,382
13,342
SL8029
24,320
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SM) MISCELLANEOUS
Balance Sheet
Assets
Cash
96.282
Page 49
SM200
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SM) MISCELLANEOUS
Balance Sheet
Fund Equity
Assigned Unappropriated Fund Balance
96,282
Page 50
SM915
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(8M) MISCELLANEOUS
Results of Operation
Revenues
Interest And Earnings
:>81
SM2401
14
tl:i!lr~~.~"1>Q! .r,lqm~)lAri~ir!t(\p~.rty
Page 51
O,')C Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SM) MISCELLANEOUS
Results of Operation
Other Uses
Transfers, Other Funds
SM99019
Page 52
96,296
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SM) MISCELLANEOUS
Changes in Fund Equity
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity
~
Beginning of Year
Prior Period Adj· Decrease In Fund Equity
Restated Fund Equity - 8eg of Year
ADD - REVENUES AND OTHER SOURCES
9<3,001
SMS021
0
SM8015
96,001
SM8022
281
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity
~
End of Year
96,282
Page 53
96,282
96,282
14
96,296
SM8029
O'3C Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SR) REFUSE AND GARBAGE
Balance Sheet
Assets
Due From Other Funds
SR391
Page 54
26,687
O::;C Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SR) REFUSE AND GARBAGE
Balance Sheet
Liabilities
Accounts Payable
13,333
Page 55
SR600
26,687
O;,;C Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SR) REFUSE AND GARBAGE
Results of Operation
Revenues
Real Property Taxes
Interest And Earnings
69,115
SR1001
105,930
22
SR2401
104
88
SR2770
200
SR5031
264,967
~f~Q\;~·iif,~6"i!>'/l<rid~iop~rt\l
Unclassified (specify)
lnterfund Transfers
Page 56
O"C Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SR) REFUSE AND GARBAGE
Results of Operation
Expenditures
Refuse & Garbage, Contr Expend
159.·)93
Page 57
SR81604
324,325
o;e Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SR) REFUSE AND GARBAGE
Changes in Fund Equity
•••
._~~~t
_.;'i~i~i
• •~.~.&
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity ~ Beginning of Year
Restated Fund Equity· Beg of Year
DEDUCT· EXPENDITURES AND OTHER USES
~
43.232
SR8022
46,876
371,201
6"885
16; 993
ADD· REVENUES AND OTHER SOURCES
Fund Equity
SR8021
SR8012
·46,876
0
4:),232
Prior Period AdJ.- Increase In Fund Equity
,,4,.i,876
End of Year
Page 58
324,325
SR8029
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SS) SEWER
Balance Sheet
Assets
Cash
1.09/.667
Sewer Rents Receivable
88200
1,702,523
20~1
t~,[iI\l...Pth'''r
RI1!>~i'l"1l1.';i(""t)
,',"'i(N,,·:<'''-'<·'''<''/,''//--> .""._', >->.,<,
Due From Other Funds
~~tlt~'!:l~~;l1t~(ijl!lf~~~~~nds .
Due From Other Governments
;F1ll.tiil~"il)~."'rQ,f\~¢r~8\(¢rmj1$nii.
.
,Y,?'AhY"!><+, '/ ,>
""J-> -__ ", " ,',
-',j)f/ .,,', ,'" -,'
-f
"
Prepaid Expenses
Page 59
(r.;C Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(S8) SEWER
Balance Sheet
Liabilities
Accounts Payable
35,553
SS600
31,499
:if1!il!11¢:!R!!li(d~fe~f!~il!i;1'\iI)~)1 c~ ,
Ass'j'gne'd 'Ap'pr~p~'iated"Fun'd"Bal'ance
Assigned Unappropriated Fund Balance
2,/
Page 60
03C Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SS) SEWER
Results of Operation
Revenues
Real Property Taxes
/9
8S1001
692,142
1,941l '_)0'7
882122
2,326,441
8S2401
3,849
8S2655
29,363
69l
Sewer Charges
~\
~i944,307
Interest And Earnings
8
~JiJ6
8,206
8 /i,/lO
Sales, Other
lnterfund Transfers
Page 61
USC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SS) SEWER
Results of Operation
Expenditures
Credit Card Fees
1.849
8813754
1.686
125.667
S881101
123,542
39.872
8881104
39,330
169436
8881201
152.871
1.985
5881202
26,378
Sanitary Sewers, Cantr Expend
113600
8881204
86,576
Sewage Treat Disp, Pers SeN
6in 644
5581301
661,527
100
8881302
3,725
Sewage Treat Disp, Cantr Expend
3/3 575
SS81304
325,514
State Retirement, EmpJ Bnfts
Unallocated Insurance, Contr Expend
Judgements And Claims, Contr Expend
Sewer Administration, Pers Serv
Sewer Administration, Contr Expend
~~~ls~S'~j\f.e~l!.tlrtii~r$ff."<>n
Sanitary Sewers, Pers Serv
Sanitary Sewers, Equip & Cap Outlay
Sewage Treat Disp, Equip & Cap Outlay
187119
8890108
163,322
Soda I Security, Empl Bofts
?3.S84
S590308
72,791
Worker's Compensation. Empl Bnfts
b2.100
8S90408
79,234
304:;01
8890608
359,319
243000
8897106
236,500
74.973
8S97107
63,818
1.080.977
8599019
1,331,369
Hospital & Medical (dental) Ins, Empl Snh
tlilJi'Ii\l(.'t;(t\j:llqy~.e~~r~ll!i\
.
Debt Principal, Serial Bonds
tRrl\!i;2t)1~t.eii.",t:l,,~1
Debt Interest, Serial Bonds
Transfers. Other Funds
Page 62
OSC Municipality Code 2'JO"~6400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(55) SEWER
Changes in Fund Equity
ANALYSISOFCHANGIE~SIIINIF~U:~N~D"~EIQIUiill'~TlyIWI~~~m11m~~:S:4'i:~~~~I'ImImImImII~ml~~~I~ImIIIlII!~
Fund
Equjty~Begjnnin9
of Year
2,094,307
Prior Period Adj ~ Decrease In Fund Equity
2,094,306
3805,402
3581,535
2,318,173
Restated Fund Equity Beg of Year
ADD - REVENUES AND OTHER SOURCES
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity-End of Year
Page 63
SS8021
SS8015
S58022
2,318,173
2,318,173
4,383,164
3,776,538
S58029
2,924,799
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SS) SEWER
Budget Summary
Estimated Revenues
Est Rev" Real Property Taxes
Est Rev
~
Real Property Tax Items
Est Rev - Departmental Income
Est Rev-Intergovernmental Charges
Est Rev" Use of Money And Property
Est Rev-Miscellaneous Local Sources
Estimated - Interfund Transfer
Appropriated Fund Balance
Page 64
407,261
692,133
SS1049N
74,709
SS1099N
90,955
1,987,450
SS1299N
2,025,274
11,000
SS2399N
35,005
7,500
SS2499N
3,400
73,250
SS2799N
59,200
1,212,000
SS5031N
1,224,544
15,843
SS599N
320,609
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SS) SEWER
Budget Summary
Appropriations
App ~ General Government Support
87,100
SS1999N
57.103
1,802.189
SS8999N
1,655,637
App-Emp!oyee Benefits
797.348
SS9199N
799.105
App - Debt Service
304,Q48
SS9899N
413,859
1,083,200
SS9999N
1,240.544
App - Home And Community Services
App - interfund Transfer
Page 65
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SW) WATER
Balance Sheet
Assets
Petty Cash
SW210
125
Water
m!m~~'I!)~~·x.~~~jV:~~.l~~(\l~t)
Due From Other Funds
Page 66
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SW) WATER
Balance Sheet
Liabilities
Accounts Payable
142,954
SW600
114,660
'I'. ··.lltt\bij;ji'.bcounliip~~alil~
---"" "", .• •..
;,-;~",/",,;-;,
"",
',-,,;,,;.-
Other liabilitIes
(1;~ifAj,~"~trj~i~4·I'.L!o..d·$~I~lic!i
A's'sig~ed 'Una'ppr;op;~'j'at~~:i' 'Fu'nd'''B~I~nc~
~I$:T*"·~ili9~~~F:I!~~.B.ill&ce
U;~~~;;~-ned Fun'j 'B~lan~~' '
Page 67
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SW) WATER
Results of OperatlOf'l
Revenues
Real Property Taxes
417,639
Metered Water Sales
SW1001
419,900
1,152,646
SW2140
1,260,064
Water Service Charges
17,703
SW2144
23,902
Other Home & Community Services Income
80,839
SW2189
87,628
1,643
SW2378
3,222
676
SW2401
317
SW2770
190
SW5031
208,684
Water Rents,other Govts
t.9~>!\i;," Int"rg6\i~!nn:i.I)!a!<!!1a,g.~
Interest And Earnings
ToifiAI'U,~. o(·!'Io!l.i>Y:!M~Prop.rty
Unclassified (specify)
lnterfund Transfers
19,709
I)age 68
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SW) WATER
Results of Operation
Expenditures
Unallocated Insurance, Contr Expend
Water Administration, Pers Serv
Water Administration, Equip & Cap Outlay
Water Administration, Contr Expend
9,852
SW19104
12,719
19,352
SW83101
28,920
200
SW83102
13,221
SW83104
14,855
Source Supply Pwr & Pump, Contr Expend
~~[~\.isQiltc·~\l~iifl~",wr!t<Rur!m '..
Water Trans & Distrib, Pers Serv
302,281
SW83401
324,253
Water Trans & Distrib, Contr Expend
117,795
SW83404
122,622
State Retirement, Emp\ Bnfts
60,145
SW90108
52,496
Social Security, Empl Bnfts
26,908
t~[i\i"w•.t~ r'r,,,ij~{&::PI!,!rll:>
24,518
SW90308
Worker's Compensation, Empl Bnfts
3.040
SW90408
4,152
Unemployment Insurance, Empl Bntts
1,104
SW90508
4,670
Hospital & Medical (dental) Ins. Empl Bnft
101,193
SW90608
107,405
Debt Principal, Serial Bonds
237,000
SW97106
248,500
Debt Interest. Serial Bonds
286,409
SW97107
276,730
Page 69
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SW) WATER
Changes in Fund Equity
ANALYSIS OF CHANGES IN FUND EQUITY
Fund
Equity~Beginning
of Year
142,227
Prior Period Adj-Increase To Fund Equity
Prior Period Adj Decrease In Fund Equity
1
142,226
1,690,855
1,788,630
44,451
Restated Fund Equity· Beg of Year
ADD, REVENUES AND OTHER SOURCES
DEDUCT" EXPENDITURES AND OTHER USES
Fund Equity-End of Year
Page 70
SW8021
SWe012
SW8015
SW8022
SWB029
44,451
1
44,452
2,003,907
1,828,199
220,159
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SW) WATER
Budget Summary
Estimated Revenues
Est Rev" Real Property Taxes
Est Rev, Real Property Tax Items
Est Rev" Departmental Income
500,000
SW1049N
87,628
SW1099N
1,103,598
SW1299N
Est Rev - Use of Money And Property
1,000
SW2499N
Est Rev-Miscellaneous Local Sources
14,500
SW2799N
128,584
SW2801N
Est Rev" Interfund Revenues
Page 71
1/36
/ !)'/(j :5 ,7'1
I) I (,#/5; 7 (L!f
_50()
() ??t;
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(SW) WATER
Budget Summary
Appropriations
App ~ General Government Support
App Home And Community Services
App~Employee
Benefits
17,500
SW1999N
1,088,224
SW8999N
204,356
SW9199N
lE;:5 J. 'i
i)i!"O
;{09;
App ~ Debt Service
~~it~~Apprqpfl~!I~i'W·
If<l)1ItAi2;Approl!rl~ti;Q~~,,,,,tlO!h.ru ••''
Page 72
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(TA) AGENCY
Balance Sheet
Assets
Cash
144,501
TA200
317,466
tilitA';C'~Ji.
'< """1::'/ ": ' ,,:
j
Service Award Program
Other CiO,'Amme,,',
Page 73
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(TA) AGENCY
Balance Sheet
Liabilities
36,056
TA630
36,056
Deferred Compensation
3,667
TA17
3,667
State Retirement
2,274
TA18
2,274
Group Insurance
3,589
TA20
3,589
Nys Income Tax
414
TA21
414
Federal Income Tax
1,362
TA22
431
Assoc & Union Dues
3,546
TA24
3,616
Social Secunty Tax
1,360
TA26
428
138
TA39
92,095
TA85
Due To Other Funds
Awards
Taxes Collect Other Govts
Other Funds (specify)
Additional Description POWER ALLOCATION $174,481
Page 74
292,070
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
Balance Sheet
Page 75
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
Balance Sheet
Page 76
TOWN OF Lewiston
AnnualLJpdate Document
For the Fiscal Year Ending 2012
(V) DEBT SERVICE
Results of Operation
Other Sources
Serial Bonds
220,000
Page 77
V5710
OSC Municipality Code 290346400000
TOWN OF lewiston
Annual Update Document
For the Fiscal Year Ending 2012
IV) DEBT SERVICE
Results of Operation
Expenditures
Debt Principal, Serial Bonds
220,000
Page 78
V97106
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(Vi DEBT SERVICE
Changes in Fund Equity
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity - Beginning of Year
V8021
Restated Fund Equity· Beg of Year
V8022
ADD - REVENUES AND OTHER SOURCES
220,000
DEDUCT - EXPENDITURES AND OTHER USES
Fund Equity End of Year
220,000
ve029
k
Page 79
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(W) GENERAL LONG-TERM DEBT
Balance Sheet
Assets
Total Non-Current Govt liabilities
9,258,559
Page 80
W129
10,172,809
OSC Municipality Code 290346400000
TOWN OF Lewiston
Annual Update Document
For the Fiscal Year Ending 2012
(W) GENm/\L LONG-TERM DEBT
Balance Sheet
General Long Term Debt
Other Post Employment Benefits
463,559
W683
1,912,809
~§~~~'9th~rCi"'biljti~""
Page 81
OSC Municipality Code 290346400000
TOWN OF lewiston
Financial Comments
For the Fiscal Year Ending 2012
(Sl) LIGHTING
Adjustment Reason
Account Code Sl8012 ROUNDING
(SW)WATER
Adjustment Re"§§on
Account Code SW801: rounding
Page 82
OSC Municipality Code 29C
TOWN OF Lewiston
Statement of Indebtedness
For the Fiscal Year Ending 2012
Office of the State Comptroller
412912013
County of: Niagara
Municipal Code: 290346400000
First
Year
Debt
Code
Description
Cops Comp Date of
Flag Flag Issue
2012 BAN E WATERISEWER PROJECTS
Date of
Maturity
0712512012 0712412013
Int.
Rate Var?
1.25%
AFR Year Total for Type/Exempt Status - Sums Issued Amts only made in AFR Year
Ami. Orig.
Issued
OIS Beg.
Paid
of Year
Our. Year
S5,159,159
SO
$5,159,159
SO
Redeemed
Bond Proc.
$0
SO
Prior Yr.
Adjust.
OIS End
of Year
SO
S5.159.159
$0
,5,159,159
2008 BOND E WATER IMPROV PROJECTS
08/1512008 0811512033
4.00%;r
56.295.000
55.750.000
$190.000
SO
$0
55.560.000
2006 BOND N Improvement Serial Bond
0611512006 0611512021
4.00%
52.275,000
$1.610,000
S150.000
$0
$0
$1.460,000
2008 BONDN HIGHWAY PROJECTS
08/1512008 0811512020
4.00%
S485,00O
$365,000
$40,000
SO
SO
$325,000
2011 BONO N EFC Sanborn Phase l! Sewer
0712112011 0411512022
2.50%
5220,000
$220,000
$20.000
SO
SO
5200.000
2008 BOND N DRAINAGE
08/1512008 08115/2025
4.00'Yo
$167.500
$135,000
510.000
SO
SO
$125,000
2008 BONO N EFC MiHerfNesbitt Sewer
0311412002 04115/2021
2.22%
$50,000
$5,000
SO
SO
$45,000
2008 BOND N Master Sewer !mprov Area
0610111996 0610112014
5.00%
$240,000
$80,000
SO
$0
$160,000
2008 BOND N EFC 2002A Hewitt/EDNA
03/14/2002 04/1512021
2_22%
5225,000
S20.000
SO
SO
5205,000
Sewer
2008 BONO N EFC Sanborn Phase Ii Sewel
03/14/2002 04/15/2021
2_50%
$200,000
520,000
SO
SO
S180,000
AFR Year Total for Type/Exempt Status - Sums Issued Amts only made in AFR Year
SO
$8,795,000
$535,000
$0
$0
$8,260,000
AFR Year Total for All Debt Types - Sums Issued Amts only made in AFR Year
$5,159,159
$8,795,000
$535,000
$0
$0
$13,419,159
Page 83
TOWN OF Lewiston
Schedule of Time Deposits and Investments
For the Fiscal Year Ending 2012
EDP Code
Amount
CASH
On Hand
Demand Deposits
Time Deposits
Total
922001
9Z2011
922021
$1,27500
$10,938,926.00
$10,940,201.00
COLLATERAL
- FDIC Insurance
Collateralized with securities held in
possession of municipality or its agent
9Z2014
$1,647,893.00
922014A
$11,911,491.00
$13,559,384.00
Total
INVESTMENTS
- Securilies (450)
Book Value (cost)
Market Value at Balance Sheet Date
9Z4501
9Z4502
Collateralized with securities held in
possession of municipality or its agent
9Z4504A
- Repurchase Agreements (451)
Book Value (cost)
Market Value at Balance Sheet Date
924511
9Z4512
Collateralized with securities held in
possession of municipality or its agent
924514A
Page 84
OSC Municipality Code 290346400000
TOWN OF Lewiston
Bank Reconciliation
For the Fiscal Year Ending 2012
Include All Checking, Savings and C.D. Accounts
Bank
Account
Number
Bank
Balance
Add
Deposit
In Transit
Adjusted
Bank
Balance
Less:
Outstanding
Checks
*****-1429
$1.456,941
$0
$309,048
$1,147,893
*****-1592
$524,710
$0
$0
$524,710
*****-3826
$5,545,798
$0
$0
$5,545,798
*****-6087
$3,525,605
$0
$0
$3,525,605
*****-6504
$197,600
$0
$0
$197,600
Total Adjusted Bank Balance
$10,941,606
Petty Cash
$1"275.00
$-1.00
Adjustments
Total Cash
9ZCASH
*
$10,942"880
Total Cash Balance All Funds
9ZCASHB
*
. $10,942,880
, Must be equal
Page 85
OSC Municipality Code 290346400000
TOWN OF Lewiston
local Government Questionnaire
For the Fiscal Year Ending 2012
Response
1) Does your municipality have
a wntten procurement policy?
2) Have the financial statements for your municipality been independently audited?
Yes
Yes
If not, are you planning on having an audit conducted?
3) Does your local government participate in an insurance pool with other local
governments?
Yes
4) Does your local government participate in an investment pool with other local
No
governments?
5) Does your municipality have
a Length of Service Award
Program (LOSAP)
Yes
for volunteer firefighters?
6) Does your municipality have a Capital Plan?
No
7) Has your municipality prepared and documented a risk assessment plan?
Yes
If yes, has your municipality used the results to design the system of internal
controls?
8) Have you had a change in chief executive or chief fiscal officer during the last
year?
9) Has your Local Government adopted an investment policy as required by
General Municipal Law, Section 39?
Page 86
Yes
No
Yes
TOWN OF Lewiston
Employee and Retiree Benefits
For the Fiscal Year Ending 2012
Total Full Time Employees:
Account
Code
Total Part Time Employees:
Description
Total
Expenditures
(All Funds)
90108
State Retirement System
90158
Police and Fire Retirement
90258
Local Pension Fund
90308
61
$193574.00
8
Social Security
$344.2'1560
69
9040&
Worker's Compensation
Insurance
$239.9073<\
69
90458
Life InsuranCe
90508
Unemployment Insurance
90558
Disability Insurance
I
$9,815211
!
S"/560d
13
!
90608
90"/08
S996,9640q
Hospital and Medical
(Dental) Insurance
62
I
Union Welfare Benefits
i
90858Supplemental Benefit Payment to
Disabled Fire Fighters
91890
Other Employee Benefits
Total
$2,605,201
Computed Total From Financial
Section (comparative purposes only)
Page 87
ose MuniCipality 290346400000
TOWN OF Lewiston
Energy Costs and Consumption
For the Fiscal Year Ending 2012
Energy Type
Total
Total Volume
Expenditures
Units Of
Measure
Gasoline
$184,644
62109
gallons
Diesel Fuel
$147,149
45.684'
gallons
Fuel Oil
Natural Gas
Electricity
Coal
Alternative
Units Of
Measure
galions
$
$46,892
6.211100
cubic feet
$159,366
3.494,865
kilowatts
tons
$
Page 88
OSC Municipality 290346400000
TOWN OF Lewiston
Schedule of Other Post Employment Benefits (OPEB)
For the Fiscal Year Ending 2012
Annual OPEe Cost and Net OPES Obligation
Single-Employer Defined Benefits
1. Type of Other Post Employment Benefits Plan
2. Annual Required Contribution(ARC)
3. Interest on Net OPEB Obligation
4. Adjustment to Annual Required Contribution
5. Annual OPES Expense
6. Less: Actual Contribution Made
7. Increase in Net OPES Obligation
8. Net OPEB Obligation" beginning of year
9. Net OPE8 Obligation· end of year
10. Total Other Post Employment Benefits as reported in Accounts 683 in
Financial Section, Current Fiscal Year
11. Percentage of Annual OPES Cost Contributed (Actual Contribution
MadelAnnual OPES Cost)
5692,112.00
$55,529.00
(563,38600)
5684,255.00
$159,675.00
$524,580.00
51.388,229.00
51912,809.00
51.912,809.00
23.34 %
Funded Statu$. and Funding Process
12. Actuarial Accrued Liability(AALj
13. less: Actuarial Value of Plan Assets
14. Unfunded Actuarial Accrued Liability(UAAL)
15. Funded Ratio(Actuarial Value of Plan Assets!AAL)
16. Annual Covered Payroll (of active employees covered by the plan)
58543,914.00
$0.00
$8543,914.00
0.0000
$0.00
17. UAAl as Percentage of Annual Covered Payroll
Other OPES Information
1213112012
18, Date of most recent actuarial valuation
19. Actuarial method used
Entry Age
20. Assumed rate of return on Investments discount rate
4.00%
30.00
21. Amortization period of UML(in years)
Page 89
OSC Municipality 290346400000
CERTIFICATION OF CHIEF FISCAL OFFICER
I, Steven Reiter
the Town of Lewiston
, hereby certify that I am the Chief Fiscal Officer of
, and that the information provided in the annual
,for the fiscal year ended 12/31/2012
financial report of the Town of Lewiston
, is TRUE and correct to the best of my knowledge and belief
By entering the personal indentification number assigned by the Office of the State Comptroller to me as
the Chief Fiscal Officer of the Town of lewiston
, and adopted by me as
my signature for use in conjunction with the filing of the Town of Lewiston's
annual financial report I am evidencing my express intent to authenticate my certification of the
Town of Lewiston's
annual financial report for the fiscal year ended 12/31/2012
and filed by means of electronic data transmission.
Patrick Brown, CPA
Steven Reiter
Name of Report Preparer if different
than Chief Fiscal Officer
Name
(716) 298-8000
Supervisor
Telephone Number
Title
1375 Ridge Road, Lewiston, NY 140!
Official Address
04/29/2013
(716) 754-8213
Date of Certification
Official Telephone Number
Page 90
Municipality Code 290346400000
No Edits for Municipality Code: 290346400000, Fiscal Year: 2012
Financial Edit Listing
Page 1 of 1
04/29/2013
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Local Government and School Accountability Data Exchange System on 04/2912013 01:25 :46 PM.
Please note that this page is not proof that you have submitted the correct file, only that you have
successfully attached a file to the EFSDex website. If you wish to confirm that you have transmitted the correct
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All submissions are subject to verification by OSC.
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111
TOWN o..F LEWISTo..N, NEW yo..RK
Notes to the Financial Statement
December 31,2012
I.
SUMMARY 0..1' SIGNIFICANT ACCo..UNTING POLICIES
The general purpose financial statements of the Town of Lewiston, New York (the "Town") have been prepared
in confonnity with generally accepted accounting principles as applied to government units. The Governmental
Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental
accounting and financial reporting principles. The more significant of the Town's accounting policies arc
described below:
IL~U'i_A N£;LA.k..I3cI'c"QLUlNG ENTIfY
I'he Town of Lewiston, New York is a unit of local government that was created by the State of New York
in 1823. The Town is located in the County of Niagara, New York, The Town operates under provisions
of New York State laws and various local laws. With the authority vested by those statutes, the Town
provides services and facilities in the areas of police protection, fire protection through contracts with local
volunteer lire companies, highway, sanitation, recreation, street lighting, water transmission, and general
administration.
The
TOWIl
Board is the legislative body responsible for overall operations and the Supervisor serves as
chief iiseal ofJicer.
Independently elected olliclals orthe Town consists lor the following:
Town Clerk
Receiver of Taxes
Superintendent of Highways
Supetvisor
Councilmen (4)
Town Justices (2)
All governmental activities and functions performed for the Town of Lewiston are its direct responsibility.
In 20 I I, the Lewiston Town Board formed the Joseph Davis State Park Local Development Corporation
and appointed a Board of Directors of seven local citizens to oversee its mission and objectives.
The Corporation's mission and objective, which the Corporation's purpose will achieve, include the
lessening of the burdens of government by undertaking the operation and maintenance of the Joseph Davis
State Park operated by the Town of Lewiston and promoting and implementing development initiatives
within the Park, located in the Town of Lewiston, Niagara County, New York that may include real estate
acquisition, development and management, real estate project finance, and other community-based
econornic development activities permissible under the Not-For-Profit Corporation Law.
The Town has incurrcd $648,062 of expenses j(lr the component unit and has a receivable of $368,546 on
books tor 1012.
The accounts of the Town are organized on the basis of funds or account groups, each of which is
considered a ~eparatc accounting set of self-balancing accounts that comprise its assets, liabiHties, fund
balance, revenues, and expenditutes which are segregated for the purpose of carrying on specific activities
or attaining certain objectives in accordance with special regulations, restrictions, or limitations. The
various funds are summarized by type in the general purpose financial statements. Certain funds of the
To\vn arc utilized to account for resources derived from, and/or expenditures applicable to an area less than
the entire Town. The following fund types and account groups are used:
(I)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 3 I , 2012
1.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED
B.
BASIS OF PRESENTATION, FUND ACCOUNTING. CONTINUED
GOVERNMENTAL FUNDS ' Governmental lunds are those through which most governmental
tlll1ctions are financed. The acquisition, use, and balances of expendable financial resources and the
rclated liabilities arc accounted for through governmental funds. The measurement focus of the
governmental funds is upon determination of financial position and changes in financial position. The
following are the Town's governmental fund types:
'1.€I1ergj P:1f.I2!LLfownwide ' The principal operating fund includes all operations not required to be
recorded in other funds.
Special Revenue Fund, ' Used to account for the proceeds of specific revenue sources that are
legally restricted to expenditures for specified purposes. The following Special Revenue Funds
arc utilized:
General Fund, Town Outside Village - Located wholly within the Town in the Village of
Lewiston, which is an independent governmental entity. This fund accounts for selected
services which cannot be charged to taxable propenies located in the Village by various New
York State statutes.
Highway Fund, Town OUlside Vii/age ' This fund is used to record all revenues and
expenditures related to road maintenance and construction in the area of the Town outside of
the Village of Lewiston.
Special Dis/rici Fund, This fund records all financial activity of special districts within the
Town. A special district represents a limited geographic area within a Town in New York
State. It is a separate accounting entity created by statue for specific services such as lighting,
\vater, tire protection, sewer, sanitation, and refuse.
£:.opital p..I!2ieCLY Fund ~ Used to account for financial resources to be used for the acquisition or
construction of major capital fael !ities.
Fiduciarv F.·unds ' Used to accoont for assets held by the local government in a trustee or custodial
capacity:
Trust und Agenc), Funds, Used to account for assets received and held by the Town in a
trustee capacity or as an agent for individuals, other governments, or other funds. These
include Agency Funds and Expendable Trust. The Expendable Trust is accounted for in
essentially the same manner as governmental funds.
ACCOUNT GROUP, The account group is used to establish accounting control and accountability for
general long-term debt. This account group is not a "fund". It is concerned with measurement of
financial position and not results of operations.
General Long-Term Debt Account Group ~ Used to account for all long-term debt.
(2)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31,2012
L."~])]V1M~!\BY_OF
c."
SIGNIFICANT ACCOUNTING POLICIES, CONTINUED
BASIS QF, ACCOUNTING!10E;'.SUREMENT FOCUS
Basis of accounting reters to '!Yhen revenues and expenditures and the related assets and liabilities are
recognized in the accounts and reported in the general purpose financial statements. Basis of accounting
relates to the timing of the measurements made, regardless of the measurement focus. Measurement focus
is the determination of what is measured, e.g. expenditures.
MODIFIED ACCRUAL BASIS· All governmental funds are accounted for using the modified
accrual basis of accounting. Under this basis of accounting, revenues are recorded when measurable
and available. Available means collectible within the current period or soon enough thereafter to be
used to pay liabilities for the current period. Material revenues that are accrued include real property
taxes, state and federal aid, sales tax, and certain user charges. If expenditures are the prime factor for
determining eligibility, revenues from federal and state grants are accrued when the expenditure is
made.
Expenditures are recorded when incurred except that:
I.
2.
3.
Expenditures for prepaid expenses and inventory-type items are recognized at the time of the
purchase.
Principal and interest Oil long-term debt are not recognized as expenditures until due.
Compensated absences, such as vacation and sick leave which vests or accumulates, are charged
as expenditures when paid.
ACCOUNT GROUP - General long-term debt liabilities for bonds payable are recorded at the par
value of the principal amount and no liability is recorded for interest payable to maturity.
D.
PROPERTY TAXES
The Niagara County Legislature prepares the levy in late December of each year and jointly bills the Town
levy with New York State and Niagara County real property taxes. On January 1 of each year, property
taxes become a lien on the property. Tax payments are due January 1 to January 31 without penalty;
February I to February 28 with a I % penalty; March 1 to March 31 with a 2% penalty; after March 31 the
Town can no longer collect tax payments.
Taxes for County purposes are levied together with taxes for Town and special district purposes as a single
bill. The Town and special districts receive the full amount of their levies annually out oftbe first amounts
collected on the combined bill. The County assumes enforcement responsibility for all taxes levied in the
Town. The tax roll is returned to the Niagara County Trt:8SUft:I' on or about April 1 at which time aU
unpaid taxcs and penalties are payable to that office. Any such taxes remaining unpaid at year end are relevied as county taxes in the subsequent year. The County enforces all liens and collection of back taxes.
L ..1WDGETARY
I.
DATA
Prim to September 30th, each department head submits to the Supervisor their departmental
estimate of revenues and expenditures for the following fiscal year to commence on January I.
(3)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31,2012
L~A!jMMARY
j::~_
OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED
BUDGETA"YJ)AT A, CONTINUED
2,
By October 5th, the Town Supervisor prepares a tentative budget and files it with the Town Clerk,
The Town Clerk presents the tentative budget to the Town Board by October 5tb, The tentative
budget includes proposed expenditures and the proposed means of financing for all except the
Capital Projects Fund, The Town Board reviews the tentative budget and may modify it before it
becomes a preliminary budget, The Town board holds a public bearing on the preliminary budget,
generally in late October.
3,
Alter public hearings are conducted to obtain taxpayer comments, no later than November 20'",
the Town Board adopts the budget
4.
Allmodif1cations of the budget must be approved by the Town Board,
5,
Budgetary controls are established for the Capital Projects Fund through Town Board resolutions
authorizing individual projects which remain in effect for the life of the projects,
Encumbrance accounting, under which purchase orders, contracts, and other commitments for the
expenditure of monies are recorded for budgetary control purposes to reserve that portion of the
applicable appropriations, is employed in the governmental funds, Encumbrances are reported as
reservations of fund balances since they do not constitute expenditures or liabilities, Expenditures for
such commitments are recorded in the period in which the liability is incurred.
BUDGET BASIS Ot' ACCOUNTINQ
Budgets arc adopted annually on a basis consistent with generally accepted accounting principles.
Appropriations authorized for the current year are increased by the amount of encumbrances carried
forward Irom the prior year,
L,INSURANCE
The Town purchases insurance covering liability for most risks including, but not limited to, general
liability, vehicle liability, workers' compensation, and excess liability, Judgments and claims are recorded
when it is probable that an asset has been impaired or a liability has been incurred, the amount of loss can
be reasonable estimated and the estimated amount of loss exceeds insurance coverage.
(4)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31, 2012
I.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED
~..COMPENSA TED
ABSENCES AND UNUSED V ACA TlON
Most Town employees are granted vacation and sick leave and earn compensatory absences in varying
amount. Vacations and compensatory absences must be used by the end of the fiscal year in which they are
earned. Employees may accumulate up to 150 or 165 days of sick leave, but they are not entitled to receive
payment ft)f unused sick leave in the event of termination or upon retirement. Employees may include a
portion in excess of maximum accumulated sick days for retirement system credit, up to the cost of three
thousand dollars ($3,000) or four thousand ($4,000) per employee and may be paid to employee upon
retirement or termination of employment. This amount, totaling $339,502 inclusive of FICA is shown as
reserved/designated fund balance in respective funds. (Note II B)
J:L.J'f_N SION::i
Nearly all Town employees are members of the New York State Employees' Retirement System or the
New York State and Local Police and Fire Retirement System. The Town is invoiced annually by the
systems for its share of the cost.
I.
DEFERRED COMPENSATION PLAN
Employees ut'the Town may elect to participate in the Town of Lewiston Deferred Compensalion Plan
created in accordance with Internal Revenue Code, Section 457. The plan, available to all employees,
permits employees to defer a portion of their salary until lerminalion, retiremen!, death, or unforeseeable
emergency.
L
POST EMPLOYMENT BENEFITS
In addition to providing pension benefits, the Town provides health insurance coverage and survivor
benefits for retired employees and their survivors. Substantially all of the Town's employees may become
eligible for these benefits if they reach normal retirement age while working for the Town. Health care
benetits and survivors benefits arc provided through an insurance company whose premiums are based on
the benclils paid during the year. The Town recognizes the cost of providing benefits by recording its share
of insurance premiums as an expenditure in the year paid.
During the year ended December 31, 2012, $179,253 was paid on behalf of 23 retirees and recorded as an
expenditure in the governmental funds. Additional payments of $5,800 were made for 11 retirees flex
payment, $3,000 paid to 3 retirees for annual buyout, and $9,108 paid out to 2 out of town retirees.
Under the Consolidate Omnibus Budget Reconciliation Act (COBRA), the Town provides health care
bcnolits 10 eligible former employees and eligible dependents. Certain requirements are outlined by the
federal government for this coverage. The premium is paid in full by the insured on or before the tenth
(IO'h) day of the month of the actual month covered. This program is offered for a duration of 18 months
after the termination date. There is no associated cost 10 the Town under this program, and there were no
participants in the program as of December 31,2012.
(5)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31, 2012
I.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED
K. CAPITALIZED INTEREST
The Town generally capitalizes interest dnring construction as part of the cost of constructing capital
projects when material. Interest costs of $ -0- were capitalized dnring the year ended December 31, 2012.
L.
ESTIMATES
The preparation of financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect certain reported .mounts and
disclosures. Accordingly, actual results could differ from those estimates. The General, water, and sewer
fund accounts receivable balances of $323,094, $164,312, and $209,152 includes such an estimate for
landfill tipping fees and water/sewer billing, respectively.
2.
DEFICIT FUND BALANCE AND MAJOR BUDGET V ARlANCES
a.
All of the Town's funds have surplus fund balances at December 31, 2012:
b.
Budget Variances
The town-wide general fund operated at a $92,332 surplus and $282,148 favorable budget variance
for 20 I 2 with expenditures and transfers $312,350 over budget and revenues $404,682 over budget.
Culture and recreation expenditures exceeded budget as a result of Joseph Davis LDC expenses and offset
by non-budgeted revenues from the LDC/Greenway Funds and other recreation revenues.
Part-towu general fund operated at a $28,914 deficit with revenues over budget by $69,187 primarily
due to a due to sales tax and franchise revenues while expenditures and transfers were under budget by
$204,713 resulting in a favorable budget variance of$273,900 for 2012.
The highway fund operated at a $100,000 deficit for 2012 as budgeted with revenues and expenditures
and transfers $125,116 under budget respectively.
Fire protection operated at a deficit of $5, 105 with expenditures and transfers under budget by
$11,707 due to pension and compensation and revenues were $4,092 over budget resulting in
favorable budget variance of $1 0,694 for 2012.
Water pollution control center operated at a $330,314 surplus with revenues $62,836 over
budget and expenditures and transfers under budget by $267,478 resulting in 330,314 favorable budget
variance for 2012.
Master sewerimprovement fund operated at a $284,541 surplus and f a v 0 r a b I e bud get
va ria nee with revenues exceeding budget by $275,068 and expenditures and transfers $9,473 under
budget.
South sewer improvement area 0 per ate d a t $ 8 , 2 2 9 d e f i cit for 2 0 I 2 wit h revenues
$ I 2 , 7 8 2 u n d e r budget and ex pen d i t u res were under budget by $20,396 primarily due to
contractual expenditures and transfers resulting in a favorable budget variance of $7,614 for 2012.
The water fund operated at a $175,708 surplus for 2012 with revenues exceeding budget by $167,097
and expenditures and transfers $8,611 under budget resulting in a favorable budget variance of
$175,708.
(6)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31,2012
3.
CASH AND
INVESTMENT~
The Town investment policies are governed by state statutes. In addition, the Town also has its own written
investment policy. Town monies must be deposited in FDIC insured commercial banks or trust companies
located within the state. The Budget Officer is authorized to use demand accounts and certificates of deposit.
Permissible investments include obligations of the U.S. Treasury and U.S. Agencies, repurchase agreements,
and obligations of New York State or its localities.
Collateral is required for demand deposits and certificates of deposit at 100% of the amounl of all deposits not
covered by federal deposit insurance. Obligations that may be pledged as collateral are obligations of the
United States and its agencies and obligations of New York State and its municipalities and school districts.
rhe written policy requires repurchase agreements to be purchased from banks located within the state and that
underlying securities must be obligations of the federal government, Underlying securities must have a market
value 01' at least 105% of the cost of the repurchase agreement. The Town does not have any repurchase
agreements.
The detail of cash and investments at December 31, 2012 is as follows:
$
Petty cash
Deposits
1,275
10,938,926
$ W!!Q~QJ
As of December 3 I, 2012, deposits were adequately covered by federal depository insurance or by collateral
held by the Town's custodial bank in the Town's name. All deposits are carried at cost plus accrued interest
and are in one financial institution.
Bank
Balance
Book
Amount
1,956,941
1,647,893
11,911,491
( 2,617,779)
11,911,491
( 2,620,458)
Insurance (FDlC)
Collateralized:
Collateral held by bank's agent in Town's name
Uncollateralized (over collateralized)
$
Total deposits
$ Ll,:l5.Q,(;~l
Bank rDIC insurance for 2012 and 20 II is $250,000 per bank.
(7)
JJt2.JM2&
TOWN OF LEW]STON, NEW YORK
Notes to the Financial Statement
December 31, 2012
L_ DUE FROM OTHER GOVERNMENJ'S
Major government revenues accrued by the Town at December 31,2012 include the following:
Genera! Fund - Fines and Forfeited Bail
$
- Tipping Fees
~ Component Unit - Joseph Davis LDC
- Recreation and Artpark (Modern)
45,343
251,686
372,046
63,982
113.,Q~Z
S'peeial Rel,.-'enue Fund - Town Outside Vii/age
Niagara County - sales tax
Village of Lewiston - police consolidation
Town Clerk
Total Special Revenue Fund· Town Outside Village
$
212,343
\30,000
$
W~£l
$
204,016
109,]94
6,775
71,259
S'peda/ Revenue Funds
Higlnvay Fund:
Niagara COUnty - sales tax and other
New York State
Other
TranSpOliation state/county
Sewer District - Water Pollution Control Center:
Village of Lewiston ' pump maintenance and operation
Town of Porter ~ pump maintenance and operation
Total special revenue funds
102,193
50,762
544,199
Total due from other governments
$ J 61 9~.~jI.2
There \vere no significant revenues considered as not subject to accrual.
5.
PENSION PLAN
The Town of Lewiston participates in the New York State and Local Employees' Retirement System (ERS)
and the New York State and Local Police and Fire Retirement System (PFRS). These are cost-sharing
multiple-employer retirement systems. These Systems provide retirement benefits as well as death and
disability benefits. Obligations of employers and employees to contribute and benefits to employees are
governed by tbe New York State Retirement and Social Security Law (NYSRSSL). As set forth in tbe
NYSRSSL, the Comptroller of the State of New York (Comptroller) serves as sale trustee and
administrative head of the Systems. The Comptroller shall adopt and may amend rules and regulations for
the administration and transaction of the business of the Systems and for the custody and control of their
Jlmds. The Systems issue a publicly available financial report that includes financial statements and
required supplementary information. That report may be obtained by writing to the New York State and
I~ocal Retirement Systems, Governor Alfred E. Smith State Office Building, A]bany, New York 12244.
(8)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31, 2012
5.
PENSION PLAN,.CONTINUED
B. FUNDING POLICY
The Systems are non·contributory except for employees who joined the New York State and Local
Employees' Retirement System after July 27, 1976 who contribute 3% of their salary. Under the authority
of the NYSRSSL, the Comptroller shall certify annually the rates expressed as proportions of payroll of
members, which shall be used in computing the contributions required to be made by employers to the
pension accumulation fund.
The Town of Lewiston is required to contribute at an actuarially determined rate.
contrihutions for the current year and two preceding years were:
2012
2011
2010
$ 583,291
668,283
385,205
The required
193,574
154,106
120,670
The Town's contributions made to the Systems were equal to 100% of the contributions required for each
yeaL
Since 1989, t he Systems' bi Ilings have been based on Chapter 62 of the Laws of 1989 of the State of New
York. This legislation requires participating employers to make payments on a current basis, while
amortizing existing unpaid amounts relating to the Systems' fiscal years ending March 31, 1988 and 1989
(which otherwise were to have been paid on June 30, 1989 and 1990, respectively) over a 17 year period,
with an 8075% interest factor added. Local governments were given the option to prepay this liability. As
of December 31, 2012, the Town has no prepaid pension.
6.
DEFERRED COMPENSA TlOl'J~LAN
In October 1997, the Governmental Accounting Standards Board issued Statement No. 32, "Accounting and
Financial Repol1ing for Internal Revenue Code, Section 457, Deferred Compensation Plans." This statement
established accounting and tlnancial reporting standards for Internal Revenue Code, Section 457 deferred
compensation plans of state and local governments.
On October I, 1997, the New York State Deferred Compensation Board (Board) created a Trust and Custody
agreement making Chase Manhattan Bank the Trustee and Custodian of the Plan. Consequently, Statement No.
32 became effective for the New York State Deferred Compensation Plan as of October 1, 1997. Since the
Board is no longer the trustee of the plan, the plan no longer meets the criteria for inclusion in New York State's
Ilnancial statements. Therefore, municipalities which participate in New York State's Deferred Compensation
Plan. including the Town of Lewiston, are no longer required to record the value of the plan assets or the
corresponding liability. Previously, they were reported in an agency fund. The total value of the plan assets is
no longer displayed in the financial statements.
L
BOND 6JiILCIPATION NOTES
Liabilities for bond antiCipation notes (BANs) are generally accounted for in the capital projects funds. The
notes or renewal thereof may not extend more than two years beyond the original date of issue unless a portion
is redeemed within two years and within each 12 month period thereafter.
(9)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31,2012
7.
BOND ANTICIPATION NOTES, CONTINUED
State law requires the BANs issued for capital purposes be converted to long-term obligations within five years
aller the original issue date. However, BANs issued for assessable improvement projects may be renewed for
periods equivalent to the maximum life of the permanent financing, provided that stipulated annual reductions
of principal are made.
At December 3 L 2012, the Town had $5,159,000 outstanding BANs,
~~
.' LONG-TERM DEBT
A., CONSTITUTIONAL DEBT LIMIT
The Town's Constitutional debt limit at December 31,2012 is computed as lollows:
Five-year average full valuation of taxable real estate (2007-2011)
$ 14~,11MSI
Debt limit at 7%
$
Net indebtedness (aller statutory exclusions)
2,700,000
$ ~49.32J~il
Nct debt contracting margin
Percentage of debt contracting power exhausted (20 II 6,2%)
B,~GENERAL
52,027,366
~l'l::i>
OBUGA nON AND NEW YORK STATE ENVIRONMENTAL FACILITIES (EFe) BONDS
General Obligation Bonds are issued to acquire land or equipment or construct buildings and
improvements. This enables the cost orthese capital assets to be borne by the present and future taxpayers
receiving the benet1t of the capital assets. These long-term liabilities, which are full faith and credit debt of
the Town, are recorded in the General Long-Term Debt Account Group, The provision to be made in
l'llLlre budgets for capital indebtedness represents the amount exclusive of interest, authorized to be
collected in future years trom taxpayers and others for liquidation of the long-term liabilities,
(10)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31, 2012
~"_
.. LONG,TERM DEBT, CONTINUED
B.
GENERAL OBLIGATION AND NEW YORK STATE ENVIRONMENTAL FACILITIES (EFC) BONDS,
CQl'!TI1',l1l]CD
The following is a summary of general obligation bond transactions of the Town for the year ended
December 31, 2012:
Dcsc!'iQtion
Issue
..Date.
LMSJA ' sewer
Public Improvement
Water Improvement
1996
6/2006
812008
Maturity
Dak..
Balance
1/1112
Rate
2014
5.000%
2021
4.125%
2033 4.0-4.75%
240,000
1,610,000
6,250,000
$ IUQ_Q+QQQ
Issued
--~--,-,-,----,---~
Payments
Balance
12/31112
80,000
150,000
240,000
160,000
1,460,000
6,010,000
47Q,Qill)
J,630,QQQ
interest payable in 2013 on above bonds totals $328,146.
The following is a summary ofEFC debt of the Town as of December 31,2012 arising from the financing
of2001 outstanding bond anticipation notes:
Payments
Balance
12/31/12
50,000
5,000
45,000
4/15/21
200,000
20,000
180,000
3114/02
4115/21
225,000
20,000
205,000
7/25102
4115/22
220,000
---
20,000
200,000
$ 29"~QQQ
,=
~.QQ
!l.J-MOJ)
Date
Maturity
Date
3/14/02
4115/21
3114/02
Issue
!2.?l!£rjpJ,j 9)1
Series 2003A Miller!
Nesbitt Sewer
Series 2003/\
Sanborn Pilase II
Series 2003A
HewitUEdna
Series 2003G
Sanborn Phase II
Interest payable in 2013 totals $15,395 on above debt.
(I I)
Balance
1/1/12
$
Issued
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31, 2012
C.
SUMMARY OF CHANGES IN LONG-TERM DEBT
The following is a summary of changes in the General Long-Term Debt Account Group for the year ended
December 31,2012:
Net
Balance
Increase
Balance
(Decrease)
111112
Additions
Deletions
12/31/12
Genel'al Obligations Bonds
$ 8,100,000
NYS Environmental Facilities
Corp
695,000
470,000
( 470,000)
7,630,000
65,000
( 65,000)
630,000
$ ~,79:s, OOQ
5.35,000
(l~()Q)
lloJ~Q.QQQ
Compensated absences totaling $339,502 are reported in the individual funds as designatedlreserve offund
balance (Notes IG and II B) and not included above. There is no long-term liability for compensated
absences.
LL.. MATURITY SCHEDULES
The following schedules set forth the rcmaining annual maturities of long-term debt by debt type at
December 3 L 2012:
General
Bonds
Year
2013
2014
2015
2016
2017
2018-2033
E.
NYS
Bonds
Total
250,000
357,000
415,000
425,000
430,000
5,753,000
65,000
65,000
65,000
65,000
65,000
305,000
315,000
422,000
480,000
490,000
495,000
6,058,000
$ 1,21Q~!tQQ
!i:l.Q,Q.Ql!
U~Q.Qil
$
AUTHORIZED BUT UNISSUED DEBT
As of December 31,2012, the Town had $-0- authorized but unissued debt.
(12)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31, 2012
9.
INTERFUND RECEIVABLES AND PAYABLES
lnterfund receivables and payables at December 31,2012 were as follows:
Interfund
Receivables
Fund
Governmental Fund Types:
General
Town outside Village
Highway
Refuse
Water
Water Pollution Control Center
Capital
Trust Agency
Master Sewer Improvement Area
$
6,500
75,779
87,270
26,687
208,684
36,056
Interfund
Payables
75,779
38,301
6,500
1,122,641
36,056
838,301
$ U79.277
10. INTERFUND OPERATING TRANSFERS
Individual fund operating transfers for the year ended December 31, 2012 are as follows:
Transfers In
Fund
General
Transfers Out
$
Special Revenue Funds:
General Part-Town
Highway
Water Pollution Control Center
87,270
1,331,369
Master Sewer Improvement Area
1,331,369
South Sewer
Water
Capital
Refuse
Recycling
208,684
464,624
264,967
96,297
J~~~*4JJl
11. FUND BALANCE REPORTING
A. RESERVES
Assigned (or Encumbrances - Representing commitments related to unperformed (executory) contracts for
goods or services.
Assigned {Or Repairs .- Representing funds segregated for future repairs.
Restricted for Extinguishment of Debt - Representing interest earned on investment of the proceeds of
bonds and bond anticipation notes which are restricted to reduction of future debt service.
Restricted {Or Bonded Debt - Represents monies which are legally restricted for payment of debt service.
Committed (or Compensated A bsellces - Represents monies which are restricted for accumulated unused
sick time.
Assigned {Or Capital Projects Represents the Town's intention to utilize funds on future capital projects.
Assigned-Designated (or Subsequent Years Expenditures Representing amount of fund balance which per
the subsequent year adopted budget will be utilized to support subsequent years expenditures.
( 13)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31. 2012
lLJ:'UHQJ?hLANCE REPORTING. CONTINUED
A,
RESERVES. CONJINUED
Amount
Governmental Fund Types:
General Fund - Townwide
- Pan-Town
Special Districts Fund:
$
22,883
IIighway
Master Sewer Improvemcnt Area
\A/ater
Capital
Total encumbrances
The Town reports their budgetary status with the actual data including outstanding encumbrances as
charges against budget appropriations resulting in the following reconciliation of fund balances computed
on a GAAP basis and budgetary basis.
GAAI' Basis:
Fund balances - December 31,2012
Deduct outstanding encumbrances and reserves
Budgetary Basis - fund balances - December 31,2012
General
Fund
General Part-Town,
Highway, and
Special
Revenue Fund
$1,226,289
(316,100 )
4,802,189
( 1,204.008 )
$ 910,189
3,598,181
Reserve for Justice Courts is a reserve that was created to satisfy legal covenants that a ponion of the fund
balance be segregated for the Justice Court per V & T Law, Section ] 197.
Governmental Fund Types:
General Fund - Townwide
$
Designations are not legally required segregation but are segregated tor a specific purpose by the Town at
December 31, 2012 and consist of the following:
Assigned/designated for subsequent years' expenditures represents available fund balances that have been
appropriated as a financing source for the liscal year ending December 3],2013 expenditures and consist
of the following:
(14)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31 , 2012
LLFUND EQUITY, CONTINUED
B .. DESIGNATIONS, CONTINUED
Funq
Amount
Governmental Fund Types:
General Fund • Townwide
General Fund • Town outside Village
Special Revenue Fund Types:
Highway
Fire Protection
South Sewer Improvement
$
284,071
467,183
100,000
20,000
8,194
312,415
Master Sewer Improvement
440,609
Total special districts
Total all Ilmds
$
.W21.8,61
COl11mitted/designated for accumulated/unused sick time and compensated absences. (Note IG)
Governmental Fund Types:
General Fund
Townwide
General Fund
Town outside Village
Special Kevenue Fund Types:
Highway
Sewer
\Vatcr
$
43,285
83,046
117,827
59,868
35,476
213,171
Total speeial districts
$ ;U~1
Total all funds
The Town has entered into an agreement with Modern Disposal, Inc. to provide refuse and recycling services in
accordance with the following fee schedule:
No cost through December 31,2006
$ 35 pel' household from January 1,2007 to December 31, 2011
$ 70 pe,· household from January 1,2012 to end of agreement
adj usted for waste price index.
( IS)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31, 2012
LL\iOLUNTfoER FIRE SERVICE AWARDS PROGRAM
The Town's Ilnancial statements are for the year ended December 31, 2012. The information contained in this note
is also based on information for the Length of Service Awards Program for the plan year ending on December 31,
2012, which is the most recent plan year for which complete information is available.
Length of Service Awards Program - LOSAP
The Town established a defined contribution LOSAP for the active volunteer firefighters of the Town of Lewiston
Fire Protectiol1 District Service Award Program. The program took effect on January I, 1990. The program was
established pursuant to Article Il·A of the General Municipal Law. The program provides municipally·funded
pension·like benefits to facilitate the recruitment and retention of active volunteer firefighters. The Town of
Lewiston is the sponsor of the program.
Program Description
PartIcipation, vesting. and service credit
Active volunteer I1relighters who have reached the age of 18 and who have completed lyenr of lirefighting service
are eligible to pmticipate in the program. Participants acquire a nonforfeitable right to a service award after being
credited with 5 years of firetighting service (l year of service prior to 2004) or upon attaining the program's
entitlement age. The program's entitlement age is age 65. In general, an active volunteer firefighter is credited with
a year of liretighting service for each calendar year afler the establishment of the program in which he or she
accul11ulates tilly points. Points are granted for the performance of certain activities in accordance with a system
established by the sponsor on the basis of a statutory list of activities and point values. A participant may also
receive credit tor 0 years of liretighting service rendered prior to the establishment of the program.
Benefits
A parlicipant's benefit under the program is the amount resulting from the contributions made by the sponsor on
behalf of the participant, plus interest and/or other earnings resulting from the investment of the contributions, less
necessary' administrative costs, forfeitures, and losses resulting from the investment of contributions. Contributions
in the amount of $700 ($300 per year prior to 1999 and $480 per year Ii'om 1999·2004) are made on behalf of each
participant who is credited with a year offiretighting service. The maximum number of years offirefighting service
which a participant may receive a contribution is laity years. Except in the case of disability or death, benefits
arc payable when a pal1icipanl reaches entitlement age. The program provides statutorily mandatory disability and
death benefits. [The program also provides optional line-ofCduty disability benefits in the amount of $N/A, and
optional line·ot~duty death benents in the amount of $NIAJ.
«)t.
fiduciary Investment and Control
Service credit is determined by the governing board of the sponsor, based on infonnation celtified to the governing
board by each tire company having members who participate in the program. Each fire company must maintain all
required records on forms prescribed by the governing board. The governing board of the sponsor has retained and
designated Barbridge Consulting Group LLC to assist in the administration of the program. The designated program
administrator's functions include the gathering and maintenance of all data pertinent to fhe qualification of
members. assist in the gathering of documents needed for the preparation of annual administration, work with the
( 16)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31,2012
13. VOLUNTEER FIRE SERVICE AWARDS PROGRAM, CONTINUED
actuarial service to prepare repOIi, assist in the processing of disbursements requests through the Trustee in order to
gain the proper approval, assist in the adding and deleting of members from the qualified Jist of active members
eligible (ell' term life insurance and guide the Town as to accounts suitable for the pension funds. Disbursements of
program assej<:; fc)r the payment of benefits or administrative expenses must be approved by the Town Board and are
based on the documents and records provided by the lire department records keeper.
Program assets are required to be held in trust by LOSAP legislation, for the exclusive purpose of providing benefits
to participants and their beneficiaries or for the purpose of defraying the reasonable expenses of the operation and
administration of the program. The trust agreement is dated April 22, 1992, and the trustee is Supervisor Steven
Reiter and Peter Martin. Program assets are held in trust with Standard Security Life Insurance Company.
Authority
10
invest program assets is vested in Town of Lewiston Fire Protection District Service Award Program.
Program assets are invested in accordance with a statutory "prudent person" rule. Subject to restrictions in the
program document, program assets are invested in accordance with a statutory "prudent person') rule.
Program Financial Condition
Assets and Liabilities
Assets Available for Bene11ts
% of total
Common Stock
Government Securities
Corporate Bonds
%
Insurance Contracts
1,310,147
100
Certificates of Deposit
o
Less: Liabilities
$
Total Net Assets Available for Benetlts
Un!1lnuc:d Liability for Prior Service
Prior Service Costs
Prior service costs are NiA
(17)
)
1,310,147
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31,2012
LLYOl,\LNIEER FIRE SERVICE A WARDS PROGRAM, CONTINUED
Receipts and Disbursements
Plan Net Assets, beginning oryear
$
1,248,998
$
$
72,518
72,518
$
o
o
o
Changes during the year:
-~-
Plan contributions
Investment income earned
j-/- Changes in fair market value of investments
+-
, Adjustment for prior service
, Plan Benetit Withdrawals
, Administrative and Other Fees/Charges
~ Forfeitures
75,053
48,393
o
o
36,553
2,535
23,209
Plan Net Assets, cnd oryear
Contributions
Amount of sponsor's required contribution
Amount ofsponsor's actual contribution
Administration Fees
Fees paid
\0
designated progtam administrator
Fees paid to trustee
Fees paid for investment management (if separate from fee paid to trustee)
Fcc paid to actuary (if any)
Other administration fees [list]
l:L, POST EMPLOYMENT
$
$
$
$
2,535
o
BENEFITS OTHER THAN PENSIONS (OPEB)
Tho Town of Lewiston, New York (The Town), administers the Town's Retiree Medical, Prescription,
and Life Insurance Plan (the Plan) as a single,employer defined benefit Other Post Employment Benefit
plan (OPEB), The Plan provides for continuation of medical, prescription, and life insurance benefits
for certain retirees and their spouses and can be amended by action of the Town subject to applicable
collective bargaining and employment agreements, The Plan does not issue a stand alone financial
repon since there are no assets legally segregated for the sole purpose of paying benefits under the
Plan, The P Ian has fewer than 200 participants so GASB 45 is actuarially revalued every three years.
The intormalion below is a result of valuation as of December 31, 2012.
The obligations of the Plan members, employers, and other entities are established by action of the
Town pursuant to applicable collective bargaining and employment agreements.
The required
contribution rate oj'the employer and the members varies depending on the applicable agreement. The
employer currently contributes enough money to the Plan to satisfy current obligations on a pay,as,
you'go basis, The costs of administering the Plan are paid by the Town.
( 18)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 3 I, 2012
LL1'QliLEMI'LOYMENT BENEFITS OTHER THAN PENSIONS (OPEB), CONTINUED
C_ACCOUNJ:ING POLICY
The accrual basis of accounting is used. The filir market value of assets, if any, is determined by the market
value of assets, if any, paid by a willing buyer to a willing seller.
!L. A]\[i'JUAL OPEB COST AND NET OPEB OBLIGATION
The Town's annual other post employment benefit (OPEB) cost (expense) is calculated based on the annual
required contribution of the employer (ARC). The Town has engaged an actuary to calculate the ARC and
related information per the provisions of GASB Statement 45 for employers in plans with less than one
hundred total Plan members. The ARC represents a level of funding that, if paid on an ongoing basis, is
pl'Ojectcd to cover normal cost each year and to amortize any unfunded actuarial liabilities (or funding
excess) over a period not to exceed thirty years. The following table shows the components of the Town's
annual OPEB cost for the year, the amount actually contributed to the Plan, and the Town's net OPEB
obligation to the Retiree Health Plan at December 31,2009:
Anilual OPEB Cost and Net OPEB Obligation
Normal COSt (annual required contribution )(ARC)
Adjustment to ARC
Interest
OPEB Expense
Net OPEB contributions made during the fiscal year
Net OPEB obligation for the current fiscal year
Net OPEB obligation at beginning of year
Net OPEB obligation at end of year
Percentag~
ll,~, FUNDEDSTAJ~\JS
of expense contributed
Fiscal Year Ending
December 31, 2012
$ 692,112
( 63,386 )
55,529
684,255
( 159,675 )
524,580
1,388,229
$1,21b~Q2
23.3%
AND FUNDING PROGRESS
As of December 31, 2012, the actuarial liability for benefits was $8,543,914, all of which was unfunded.
The covered payroll used for estimate (annual payroll of active employees covered by the Plan) was NI A;
and the ratio of the unfunded actuarial accrued liability to the covered payroll was N/A. The total post
employment health insurance cost to the Town for 23 retirees was $179,253 for the year ended December
31,2012.
The projection of future benefit payments for an ongoing plan involves estimates of the value reported
amounts and assumptions about the probability of occurrence of events far into the future. Examples
include assumptions about future employment, mortality, and the healthcare cost trend. Amounts
determined regarding the funded status of the Plan and the annual required contributions of the employer
arc subject to continual revision as actual results are compared with past expectations and new estimates
arc made about the future. The schedule of funding progress below, presented as required supplementary
informalion presents multiyear trend information about whether the actuarial value of Plan assets is
increasing or decreasing over time relative to the actuarial accrued liabilities for benefits.
( 19)
TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31, 2012
1'L POSUiMPLOYMENT BENEFITS OTHER THAN PENSIONS (OPES), CONTINUED
L~J'UI'jDED
STA'LUSAND FUNDING PROGRESS, CONTINUED
Actuarial Valuation Dale
January 1. 2012
Schedule ()f Funding Pf(')Qrc.'>s
I,
2,
],
4,
5,
Currently retired liability
Active employees
Actuarial Accrued Liability
Actuarial Value of Assets
Unfunded Actuarial Accrued Liability
6,
Funded Ratio (4, divided by 3,)
7,
Annual Covered Payroll
N/A
8,
Ralio of Unfunded Actuarial Accrucd
Liability to Covered Payroll
N/A
$
2,170,601
6,373,313
8,543,914
8,543,914
0%
Fiscal Year Ending
December 31, 2012
159,675
GASB Statement No, 45 was implemented prospectively,
,L METHODS AND ASSUMPTIONS
Projections of benefits for linandal reporting purposes are based on the substantive plan (the plan as
understood by the employer and plan members) and include the types of benefits provided at the time
of each valuation and the historical pattern of sharing of benet1! costs between the employer and plan
members to the point. The actuarial methods and assumptions used include techniques that are
designed to reduce the effects of short term volatility in actuarial accrued liabilities and the actuarial
The following
value of assets, consistent with the long-term perspective of the calculations.
assumptions \vere made:
The December 3 I, 2012 actuarial valuation utilized the entry age normal method over a level percent
of pay, The actuarial assumptions included a 4% investment rate of return (net of administrative
expenses), which is the expected short-term investment rate of the Town's own assets since currently
the Plan has no assets at the valuation date in order to establish a Plan investment rale, and an annual
healthcarc cost trend of 9% initially, decreased to an ultimate rate of 5% after 3 years, Prescription
plan cost trend was 9% initially decreased to 5% ultimate rate after 5 years, Salary and payroll
increases of 3,5% and 2,5% were assumed, The UAAL is being amortized as a level percent of payroll
on an open group. The amortization period at December 31, 2012 was thirty years.
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TOWN OF LEWISTON, NEW YORK
Notes to the Financial Statement
December 31, 2012
.14. POST EMPLOYMENT BENEFITS OTHER THAN PENSIONS (oPEB)' CONTINUED
O.
AUJ)CAT10N OF POST EMPLOYMENT BENEFITS, CONTINUED
The City's allocation of their OPEB liability for 2012 to the Town's functions are as follows:
Governmental activities:
$
General government
Public safety
Transportation
Economic assistance
Culture and recreation
Home and community service
Total governmental activities OPES expense
391,298
202,897
304,341
43,478
14,491
492,745
$ 1.449,2511
The Town is engaged in various claims and lawsuits arising in the normal course of business. The
ultimate outcome of the suits cannot presently be determined and no provision for loss or gain, if any, has
been made in the accompanying general purpose financial statements. It is the opinion of management and
its counsel that there will not be any material adverse effects on the Towns general purpose financial
statements as a result of these actions
Management has evaluated subsequent events through April 29, 2013, the date the state annual update
document was available to be issued.
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