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Accounting of the County’s
finances in the Treasurer’s Office is maintained under
Generally Accepted Accounting Principles (GAAP) and in
accordance with the Government Accounting Standards
Board (GASB).
In accordance with New
York State General Municipal Law, the County Treasurer
prepares and submits an annual financial report to the
New York State Comptroller’s Office no later than April
30th of each year for the previous fiscal
year.
Budgeted and Actual
Revenues/Expenditures
► 2011 Budgeted
Expenditures and Revenues as follows:
|
General Fund |
$79,151,537 |
|
Community Development |
$666,646 |
|
Solid Waste |
$2,618,747 |
|
Car Pool |
$706,988 |
|
County Road |
$9,557,208 |
|
County Road Machinery |
$2,883,392 |
|
Sewer District No.1 |
$110,950 |
|
Sewer District No. 2 |
$1,908,351 |
|
Self Insurance – Workers’ Compensation |
$1,774,666 |
|
Self Insurance – Health Insurance |
$9,225,637 |
|
Total |
$108,604,122 |
Budget
Variance Report
for the period 01/01/2010-12/31/2010
(Final)
Budget
Summary Report
for the period 01/01/2010-12/31/2010
(Final)
Fund Balance RECAP by Year
for the period 01/01/1992-12/31/2009
Budget
Variance Report
for the period 01/01/2011-10/31/2011
Budget
Summary Report
for the period
01/01/2011-11/30/2011
Washington County Capital Projects
► During the 2009 Fiscal Year,
there were forty-five active Capital Projects with a
total adopted budget, in the amount of $69,730,362.
Active Capital Projects Listings as of
June 30, 2010
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Adirondack
Community College Capital Projects
►
The Adirondack Community College is jointly sponsored by
Washington and Warren Counties under provisions of
Article 126 of the Education Law. As a joint venture,
separate financial statements for the operating funds of
the college are issued by ACC. However, the Washington
County Treasurer is responsible for the accounting of
their Capital Projects.
Adirondack Community College’s Capital Projects are
funded as follows:
50% State Aid
50% Local Share
Local Share is Capital Chargeback Monies as provided in
§6305 Non-resident and out-of-state students and/or
contributions from the sponsoring Counties – in the case
of Adirondack Community College, this would be Warren
and Washington Counties.
Per New York Education Law §6304 Financing of Community
Colleges, “when two or more local sponsors jointly
establish and operate a community college, the local
share of the capital costs shall be apportioned among
them according to their respective equalized assessed
valuations or such other factors or bases as may be
provided or prescribed in the plans, standards and
regulations prescribed by the state university trustees.
The current split for the apportionment of the local
share between Warren and Washington County for ACC
Capital Projects is 70% and 30%, respectively.
There are six (6) open ACC Capital Projects with a total
adopted budget, in the amount of $11,358,070.
Trust & Agency Fund
► Accounting of monies held in trust in the
capacity of trustee, custodian or agent. Current balance
exceeds $1,000,000.
Cash Flowing / Investment /
Securitization of Counties Monies
► Daily monitoring of cash balances.
Detailed Statement of Cash Flows
for the month ended 11/30/2011
Borrowing / Indebtedness
► The County Treasurer is responsible for the
issuance of BAN’s (Bond Anticipation Notes) and Serial
Bonds as authorized by the Legislative Body.
Summarization of Indebtedness
(05/31/2011)
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