Annual financial report of the town officers of Franconia, N.H

84 Pages·1996·1.6 MB·English

by  Franconia (N.H. : Town)

,'s~~l
1995
FINANCIAL REPORT
FRANCONIA
NEW HAMPSHIRE
Tnis Town Report
is aeaicatea to all tnose
TOWN EMPLOYEES
& VOLUNTEERS
wno spent many long days, nignts, and
weekends - during and aiter eacn storm -
digging us out, opening our roadways,
clearingfallentrees, manning downedpower
lines, putting out lires, responding to calls
for nelp, and keeping us safe from narm.
THANK YOU!
ANNUAL FINANCIAL REPORT
of the
TOWN
OFFICERS
of
NH
FRANCONIA,
INCLUDING REPORTS OF THE
Water Commissioners
Abbie Greenleaf Library
Chamber of Commerce
Frost Place
FOR THE YEAR ENDING
DECEMBER
31, 1995
PrintedattheHarrisonPublishingHoicse-Littleton, NewHampshire
Digitized by the Internet Archive
in 2010 with funding from
Boston Library Consortium IVIember Libraries
http://www.archive.org/details/annualfinancialr1995fran
TABLE OF CONTENTS
TownMeetingWarrant Inthe
Budget Center
Comparative Statement Section
TownOfficers 4
Auditor 6
BalanceSheet 8
SummaryInventoryofAssessedValuation 10
StatementofAppropriationsandTaxesAssessed 10
StatementofBonded Debt 11
ScheduleofTownProperty 11
TownClerk 12
TaxCollector 13
Treasurer 18
LandUseRind 20
..,
YieldTaxAccount 20
McLachlinMemorialTrustFund 20
FranconiaMuseumFund 20
FranconiaWaterDepartmentFund 21
Franconia-MittersillWaterDepartmentFund 21
SummaryofRevenues 22
Detailed StatementofRevenues 23
SummaryofExpenditures 26
Detailed StatementofExpenditures 28
Valuation& DepreciationofDepartmentEquipment 36
FranconiaWaterDepartment 40
Franconia-MittersillWaterDepartment 42
ReportoftheTrustFbnds 44
AbbieGreenleafLibrary 46
Franconia-MittersillWaterCommissioners 50
PoliceDepartment 51
FireDepartment 52
ForestFireWarden 53
ChamberofCommerce 54
FrostPlace 56
RecreationPrograms 58
LifeSquad 59
ZoningBoardofAdjustment 60
PlanningBoaid 61
ConservationCommission 62
History-Museum Committee 63
VitalStatistics 64
TOWN OFFICERS
Boardof Selectmen
RUTHA. VAILL (Termexpires 1996)
EDWARD CARBONARO (Termexpires 1997)
RONALDA. HUNT (Termexpires 1998)
Administrative Assistant
SALLYL. SMALL (Appointed)
Town Clerk/Tax Collector
TRINALUCE
(1998)
Treasurer Moderator
CHRISTINE D. PEABODY(1996) DAVID E. SCHAFFER(1996)
Road Agent Health Officer
DAVID HUNT(Appointed) PHILIPA. PAYETTE (Appointed)
Auditor
FRANCISJ. DINEEN &CO. (Appointed)
Fire Chief ChiefofPolice
WILLIAM L. MEAD(Appointed) MARKR. MONTMINY(Appointed)
Water Commissioners
JON PEABODY(1996)
CHARLES CASEY
(1997)
RICHARD McLACHLIN
(1998)
Library Trustees
HARRIETTAYLOR
Scholarship Advisory Committee
HARRIETTAYLOR, LibraryRepresentative
CHARLESWOLCOTT, ChurchRepresentative
HAROLD D. TUTTLE,JR., Town Representative
Planning Board
EARLE COLLINS (1996) STEVEN HEATH (1996)
JENNIFERGAUDETTE(Alternate) (1996) FRED GRIFFIN (1997)
EDWARD CARBONARO WALTERELANDER
(1997) (Alternate) (1997)
JOSEPH NELSON (1997) SYBILCAREY (1998)
ROBERTBALL JOHN McGURIN
(1998) (1998)
KENETH FORD
(Alternate) (1998)
ZoningBoardofAdjustment
MARYELLEN GILBERT (1996) BARBARABARRAND (1996)
GEORGE ROORBACK(Alternate) (1996) DANAJOHNSON(Alternate) (1996)
JOSEPH NELSON (1997) CHRISTOPHERBROOKS (1997)
RICHARD GAUDETTE (1998) BERTRAM HERBERT(Alternate) (1998)
Conservation Commission
GRETCHEN BUNKER AMYBAHR
(1996) (1996)
LUCYHALL ELIZABETHWELCH
(1997) (1997)
H. ASHTON CROSBY (1998) CHRISTIE SHAW-DORAN (1998)
ROBERTBALL
(1998)
Recreation Committee
-SUGARHILL- -FRANCONIA- -EASTON-
LORI HENEAULT STEVE PLANT KELLEYKING
SALLY FIELD KIMCOWLES
CARRIE HAMBLIN
Franconia History -Museum Committee
AMYBAHR SYLVIACASEY BEATRICE HUNT
EILEEN BALL WARRENTAYLOR SHIRLEYLYMAN
CHRISTOPHERBROOKS HAMILTONFORD(Emeritus)
Dow Committee
DARALD&JULIE LIBBY
JENNIFERGAUDETTE(1996) JANE FERRELLI(1996) RUTHVAILL(1996)
LINDACAMELIO STEVE PLANT KENMOSEDALE
(1997) (1997) (1997)
STEVE CHARDON(1998) CHRISTIE SHAW-DORAN(1998)
AUDITOR'S REPORT
FRANCISJ.DINEEN & CO.
CertifiedPublicAccountants
5MiddleStreet
NH
Lancaster, 03584
TotheMembersoftheBoardofSelectmen
TownofFranconia
Franconia,NewHampshire03580
Wehaveauditedtheaccompanyinggeneralpurposefinancialstatementsandthecombining
andindividualfundfinancialstatementsoftheTownofFranconia,NewHampshireasof,and
fortheyearendedDecember31,1995,asUstedinthetableofcontents. Thesefinancialstate-
ments aretheresponsibilityofthe Town'smanagement. Ourresponsibilityisto express an
opiniononthesefinancialstatementsbasedonouraudit.
We conducted ourauditin accordancewith generally accepted auditingstandards. Those
standardsrequirethatwe plan and performthe auditto obtainreasonable assurance about
whetherthefinancialstatementsarefreeofmaterialmisstatement. Anauditincludesexam-
ining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessingthe accountingprinciples used and significant
estimatesmadebymanagement,aswellasevaluatingtheoverallfinancialstatementpresen-
tation. Webelievethatourauditprovidesareasonablebasisforouropinion.
Asis thepracticewithmany NewHampshire municipahties, the Town ofFranconia, New
Hampshire has notmaintained arecord ofits generalfixed assets and, accordingly, a state-
ment of general fixed assets, required by generally accepted accounting principles, is not
includedinthefinancialreport.
As explained in Note 3, the Water Fund is reported as a Special Revenue FUnd, whereas
generallyacceptedaccountingprinciplesrequirethatitbereportedasanEnterpriseFund.
Inouropinion,exceptfortheeffectonthefinancialstatementsoftheomissiondescribedin
thethirdparagraphandexceptasnotedinthefourthparagraph,thegeneralpurposefinan-
cialstatementsreferredtoabovepresentfairly,inallmaterialrespects,thefinancialposition
ofthe Town ofFranconia, New Hampshire as ofDecember 31, 1995, and the results ofits
operationsandcashflowsofitssimilartrustfundtypesfortheyearthenendedinconformity
withgenerallyaccepted accountingprinciples. Also, in ouropinion, the combiningandindi-
vidualfundfinancialstatementsreferredtoabovepresentfairly,inallmaterialrespects,the
financialpositionofeachoftheindividualfundsoftheTownofFranconia,NewHampshireas
of December 31, 1995, and the results of operations of such funds and the cash flows of
nonexpendabletrustfundsfortheyearthenendedinconformitywithgenerallyacceptedac-
countingprinciples.
Ourauditwasmadeforthepurposeofforminganopiniononthegeneralpurposefinancial
statementstaken as awhole and on the combiningand individual fund financial statements.
The accompanying financial information Usted as the supplemental schedule in the table of
contents is presented for purposes ofadditional analysis and is not a required part ofthe
financial statements ofthe TownofFranconia, NewHampshire. Such informationhasbeen
subjected to the auditingprocedures appliedin the auditofthe generalpurpose, combining
andindividualfundfinancialstatementsand,inouropinion,isfairlypresentedinallmaterial
respectsinrelationtothefinancialstatementsofeachoftherespectiveindividualfundstaken
asawhole.
Verytrulyyours,
FrancisJ.Dineen,C.EA.
January25, 1996
BALANCE SHEET
ASSETS
Cash
NOW
Account $232,651.21
MMTA
4,331.82
YieldTaxAccount 5,260.24 $242,243.27
Investments(NH-PDIP)
TaxesReceivable
PropertyTaxesReceivable-Current
PropertyTaxLiensReceivable
ResidentTaxesReceivable
YieldTaxesReceivable
OtherAccountsReceivable
TownofSugarHill
LafayetteRegional School
Departments
Executive
Elec/Reg/Vital
Police
TransferStation
Welfare
DuefromOtherFunds(WaterDept.) 7,000.00
DuefromCapitalReserveFunds(FireTruck) 500.00
TOTALASSETS
$845,634.73