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

80 Pages·1991·1.8 MB·English

by  Franconia (N.H. : Town)

07
1990
REPORT
FINANCIAL
FRANCONIA
NEW HAMPSHIRE
Town
Tnis Report
aeaicatea to
is
Jonn B. Coiiin ana Family
for tneir caring
ana generous donation
known
of land, as
FOX HILL PARK
to tne Town of Franconia
ANNUAL FINANCIAL REPORT
of the
TOWN
OFFICERS
of
NH
FRANCONIA,
INCLUDING REPORTS OF THE
Water Commissioners
Abbie Greenleaf Library
Chamber Commerce
of
Frost Place
FOR THE YEAR ENDING
DECEMBER
31, 1990
PrintedattheHarrisonPublishingHouse-Littleton, NewHampshire
Digitized by tine Internet Arciiive
in 2010 with funding from
Boston Library Consortium IVIember Libraries
Iittp://www.arcliive.org/details/annualfinancialr1990fran
2
TABLE OF CONTENTS
Warrant Inthe
Budget Center
ComparativeStatement Section
TownOfficers 4
Auditor 6
BalanceSheet 8
SummaryInventoryofAssessedValuation 9
StatementofAppropriationsandTaxesAssessed 9
StatementofBondedDebt 10
ScheduleofTownProperty 10
TownClerk 11
Tax Collector 12
Treasurer 18
LandUseFund 19
YieldTax EscrowAccount 19
McLachlinMemorial Fund 19
FranconiaMuseumFund 19
SummaryofReceipts 20
Detailed StatementofReceipts 21
SummaryofPayments 24
Detailed StatementofPayments 26
Valuation&DepreciationofDepartmentEquipment 32
FranconiaWaterDepartment 34
Franconia-MittersillWaterDepartment 36
ReportoftheTrustFunds 38
AbbieGreenleafLibrary 40
FireDepartment 43
PoliceDepartment 44
RecreationProgram 46
LifeSquad 48
PlanningBoard 49
ZoningBoard 51
ConservationCommission 52
UpperGrafton/LancasterAreaSolidWasteDistrict 53
ChamberofCommerce 54
FrostPlace 56
History-MuseumCommittee 59
Vital Statistics 60
TOWN OFFICERS
Board ofSelectmen
SALLYL. SMALL (Termexpires 1991)
RONALDA. HUNT (Termexpires 1992)
BRUCE P. BUNKER (Termexpires 1993)
Administrative Assistant
RUTH A. VAILL(Appointed)
Town Clerk/Tax Collector
TRINALUCE (1992)
Treasurer Moderator
CHRISTINE D. PEABODY(1991) DAVIDE. SCHAFFER(1992)
Road Agent Health Officer
DAVID HUNT(Appointed) ARTHURHUGHES(Appointed)
Auditor
RALPH BRIGIDA(Appointed)
Fire Chief ChiefofPolice
WILLIAM MEAD(Appointed) ROBERTG. MALESKY(Appointed)
Water Commissioners
CHARLES CASEY
(1991)
KENNETH MOSEDALE
(1992)
JONPEABODY(1993)
LibraryTrustees
DOROTHY MAGNUSON(1991) EILEEN BALL(1991)
SHIRLEYLYMAN(1992) CHAUNCEYBLAIR(1992)
DANIELFOWLER(1993) KATHERINE SEE (1993)
ROBERTGILBERT(1993)
Board ofEducation
Lafayette SchoolDistrict Profile SchoolDistrict
DONALDBOISSONNEAULT Franconia(1991) AMY BAHR Lafayette(1991)
WILLIAM MEAD Franconia(1992) DAVIDBISHOP Bethlehem(1991)
DAVID McPHAUL SugarHill(1992) JOHN STEVENSON Bethlehem(1992)
GREGORY CONNORS Franconia(1993) MIRIAM RUSSELL Lafayette(1992)
LEE STRIMBECK Easton(1993) JOHN STARR Bethlehem(1992)
ALISTARMACBAIN Bethlehem(1993)
BRUCE PERLO Lafayette(1993)
TrusteesofTrustFunds SupervisorsofChecklist
PAULMAGNUSON (1991) NANCYPEABODY (1992)
BARBARABARRAND ANNACKLEY
(1992) (1994)
JOHN LYMAN (1993) KATHERINE C.WHITCOMB (1996)
Scholarship Advisory Committee
EILEENT. BALL, LibraryRepresentative
DWIGHTK.TAYLOR, Church Representative
HAROLD D. TUTTLE,JR., TownRepresentative
PlanningBoard
FREDERICKGRIFFIN (1991) JOSEPH NELSON (1991)
RONALD HUNT ROBERTBALL
(1992) (1992)
DWIGHTTAYLOR (1992) EARLE COLLINS (1993)
KENNETH FORD,(alternate) (1992) STEVEN HEATH (1993)
SIBYLCAREY,(alternate) (1993)
ZoningBoardofAdjustment
CHRISTOPHERBROOKS JOSEPH NELSON
(1991) (1991)
RICHARDGAUDETTE (1992) BARBARABARRAND (1993)
MARY ELLENGILBERT (1993) BERTRAM HERBERT (Alternate)
DANAJOHNSON (Alternate)
Conservation Commission
LUCY HALL PAULMAGNUSON
(1991) (1991)
H.ASHTON CROSBY (1992) CHRISTIE SHAW-DORAN (1992)
ROBERTBALL (1992) GRETCHEN BUNKER (1993)
AMYBAHR
(1993)
Recreation Committee
-SUGARHILL- -FRANCONIA- -EASTON-
BARRY FIELD JANEGARVEYHUGHES PATRICIA EVERY
JOANNE MOGREN NANCY SORENSEN DAVID MATTHEWS
DAVIDSULLIVAN
FranconiaHistory-Museum Committee
AMYBAHR SYLVIACASEY BEATRICE HUNT
EILEEN BALL HAMILTON FORD JOHNLYMAN
AUDITOR'S OPINION
NORTH COUNTRY FINANCIALSERVICES
P.O. Box392, Franconia, NH03580
[phone]
BoardofSelectmen
TownofFranconia
Main Street
NH
Franconia, 03580
I have examined the financial statements of the Town of Franconia for the year ended
December 31, 1990, as listed in the table of contents, except for the Chamber of Commerce
and the Frost Place. These latter mentioned reports are provided as supplemental
information. My examination was made in accordance with the New Hampshire code of
Administration Rules Rev. 501.01 through 505.09 and generally accepted auditing standards
and accordingly, include such tests of the accounting records as I considered necessary in
thecircumstances.
In my opinion, these financial statements present fairly the financial position of the Town
of Franconia at December 31, 1990 and the result of its operations and changes in financial
position for the year then ended, in accordance with generally accepted accountingprinciples
appliedonaconsistentbasiswiththeprecedingyear.
RalphBrigida,Auditor
February25, 1991
.
AUDITOR'S REPORT
In accordance with RSA 21-J:19 and 21, which requires inclusion ofthe auditor's findings
intheannualtownreport, I presentthefollowing:
1. The reportingand accountingofmotorvehiclepermitfees in thecash book is notbeing
handled properly in all cases. There were itemsthatwere late in postingand deposits
that did not agree with the detail. As a result some bounced checks have yet to be
resolved.
2. In the case of uncollected checks proper procedures were not followed to remedy the
situation. Still outstanding are two bad checks from previousyears and two from this
year.
3. DepositsoftheTownClerkarenotalwaysmadeweekly.
4. Noerrorswerefoundinthetestingofmotorvehiclepermitfeesverificationcomputation.
5. Marriagelicensefeeswerenotrecordedtimelyinthecashbook.
6. Cash-on-handisnotbeingreconciledand isleadingtoover/undercashpositionsinsome
deposits.
7. Dump sticker fees have not been deposited to the Town for 1990. They are still in
thehandsoftheTownClerk.
8. Bounced checks to the Tax Collector were never recorded in the cash books. There
werefiveintheyear 1990amountingto$2,475.48.
9. Observed Selectmanpresigningcheckswithoutbenefitofback-updocumentation.
10. The Water Department accounting system has built in checks and balances that have
beenoverlookedinafewinstancesresultinginincorrectoutstandingbalances. Itappears
thattheclerkdoesnothaveatotalunderstandingofthesystem.
11 Outstandingwaterfeesattheendof1990arefargreaterthantheyshouldbe. Collection
oftheseagedaccountsshouldbeaccelerated.
12. The Library Trustee combined the investment of the Schaffer Fund into the Priest
Fund. Thissituationwillberectifiedin 1991.
13. Books werenotmaintained showingmaturingofcertificatesofdeposit, interestthereon
anddispositionofprincipaland interestbytheLibraryTrustee.
14. Finally, Istillrecommendthecomputerizationofthe Selectmen'saccountingsystem.
Respectfullysubmitted,
RalphBrigida, Auditor
February25, 1991
BALANCE SHEET
ASSETS
Cashonhand:
NOWAccount 6,224.52
CHOICE Account 4,937.52
LandUseFund 42,603.86
YieldTax Account 6,943.08
McLachlinMemorial Fund 1,843.79
FranconiaMuseum Fund 15,877.94 I 78,430.71
Capital ReserveFunds 296,706.70
UnredeemedTaxes:
Levyof1986 800.29
Levyof1987 584.02
Levyof1988 112,226.30
Levyof1989 146,311.85 259,922.46
UncollectedTaxes:
Levyof1987 150.00
Levyof1988 410.00
Levyof1989 860.00
Levyof1990 320,838.19 322,258.19
AccountsOwedTheTown:
AbbieGreenleafLibrary 388.06
FranconiaDevelopmentCorp 812.95
RedCoachInn 190.00 1,391.01
TotalAssets 958,709.07
LIABILITIES
LandUseFund 42,603.86
YieldTaxAccount 6,943.08
McLachlin Memorial Fund 1,843.79
FranconiaMuseum Fund 15,877.94
CapitalReserveFunds 296,706.70
UnexpendedFunds:
Article 10(1988)Shared Services 3,975.00
Article 12(1988)HandicapRamp 287.96
Article3(1989)ConservationFund 200.00
Article6(1989)MasterPlan 940.58
Article3(1990)Conservation Fund 200.00
Article5(1990)One-TonDumpTruck 5,000.00
Article7(1990)Renovations 4,127.00 14,730.54
PropertyTaxOverpayments 245.31
SchoolTaxesPayable 396,219.00
TotalLiabilities 775,170.22
CURRENT SURPLUS $183,538.85