r 1992 FINANCIAL REPORT FRANCONIA NEW HAMPSHIRE 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, 1992 PrintedattheHarrisonPublishingHouse-Littleton, NewHampshire Digitized by tine Internet Arciiive in 2010 witii funding from Boston Library Consortium IVIember Libraries littp://www.arcliive.org/details/annualfinancialr1992fran TABLE OF CONTENTS Warrant Inthe Budget Center Comparative Statement Section Town Officers 4 Auditor 6 Balance Sheet 8 SummaryInventoryofAssessedValuation 9 StatementofAppropriationsandTaxesAssessed 9 StatementofBonded Debt 10 ScheduleofTown Property 10 TownClerk 11 BPLUpdate 11 Tax Collector 12 Treasurer 18 LandUseFund 19 YieldTaxAccount 19 McLachlin Memorial Fund 19 FranconiaMuseumFund 19 FranconiaWater DepartmentFund 20 Franconia-MittersillWater DepartmentFund 20 SummaryofRevenues 21 Detailed StatementofRevenues 22 SummaryofExpenditures 24 Detailed StatementofExpenditures 26 Valuation &DepreciationofDepartmentEquipment 32 FranconiaWater Department 35 Franconia-MittersillWater Department 37 ReportoftheTrustFunds 40 AbbieGreenleafLibrary 42 Fire Department 46 Police Department 47 Life Squad 48 ZoningBoardofAdjustment 49 PlanningBoard 50 ChamberofCommerce 52 RecreationPrograms 54 FrostPlace 56 Conservation Commission 58 History- MuseumCommittee 59 VitalStatistics 60 TOWN OFFICERS Boardof Selectmen BRUCE P. BUNKER (Termexpires 1993) EDWARD CARBONARO (Termexpires 1994) RONALD A. HUNT (Termexpires 1995) Administrative Assistant SALLYL. SMALL (Appointed) Town Clerk/Tax Collector TRINALUCE (1995) Treasurer Moderator CHRISTINE D. PEABODY(1993) DAVID E. SCHAFFER(1994) Road Agent Health Officer DAVID HUNT(Appointed) ARTHURHUGHES(Appointed) Auditor RALPH BRIGIDA(Appointed) Fire Chief ChiefofPolice WILLIAM L. MEAD(Appointed) ROBERTG. MALESKY(Appointed) Water Commissioners JON PEABODY(1993) CHARLES CASEY (1994) WILFREDWESSELS (1995) Library Trustees DANIELFOWLER(1993) KATHERINE SEE (1993) HARRIETTAYLOR(1993) HAROLDTUTTLE(1994) EILEEN BALL(1994) JEWELLFRIEDMAN(1995) SHIRLEYLYMAN(1995) Board ofEducation Lafayette School District Profile School District LEE STRIMBECK Easton(1993) ALISTARMACBAIN Bethlehem(1993) DONALDBOISSONNEAULT SugarHill(1993) BRUCE PERLO Lafayette(1993) MARYFOWLER Franconia(1995) DAVID BISHOP Bethlehem(1994) JAMES McINTOSH Franconia(1995) GREGORYCONNORS Lafayette(1994) DAVID McPHAUL Sugar Hill(1995) JOHN STARR Bethlehem(1995) PERLEYWHIPPLE Bethlehem(1995) MIRIAM RUSSELL Lafayette(1995) TrusteesofTrustFunds SupervisorsofChecklist JOHN LYMAN (1993) ANN ACKLEY (1994) ELISE DRAKE (1994) KATHERINE C. WHITCOMB (1996) RICHARD BENNINK (1995) NANCY PEABODY (1998) PHILIP H. SEE (Appointed) Scholarship Advisory Committee HARRIETTAYLOR, LibraryRepresentative CHARLESWOLCOTT, Church Representative HAROLD D. TUTTLE,JR., TownRepresentative Planning Board BRUCE BUNKER (1993) EARLE COLLINS (1993) DWIGHTTAYLOR(alternate) (1993) STEVEN HEATH, (1993) JOSEPH NELSON (1994) FRED GRIFFIN (1994) WALTERELANDER ROBERT BALL (alternate) (1994) (1995) KENNETH FORD(alternate) (1995) SYBILCAREY (1995) Zoning Board ofAdjustment MARY ELLEN GILBERT (1993) BARBARABARRAND (1993) DANAJOHNSON GEORGE ROORBACH (Alternate) (1993) (alternate) (1993) JOSEPH NELSON (1994) CHRISTOPHERBROOKS (1994) RICHARD GAUDETTE (1995) BERTRAM HERBERT(Alternate) (1995) Conservation Commission AMY BAHR GRETCHEN BUNKER (1993) (1993) LUCY HALL PAULMAGNUSON (1994) (1994) H. ASHTON CROSBY (1995) CHRISTIE SHAW-DORAN (1995) ROBERT BALL (1995) Recreation Committee -SUGARHILL- -FRANCONIA- -EASTON- BARRY FIELD JANE GARVEY-HUGHES PATRICIAEVERY JOANNE MOGREN NANCY SORENSEN DAVID MATTHEWS DAVID SULLIVAN Franconia History - Museum Committee AMYBAHR SYLVIACASEY BEATRICE HUNT EILEEN BALL HAMILTON FORD JOHN LYMAN AUDITOR'S OPINION NORTH COUNTRYFINANCIALSERVICES P.O. Box 392, Franconia, NH 03580 (603)823-7186 BoardofSelectmen TownofFranconia NH Franconia, 03580 IhaveauditedthefinancialstatementsoftheTownofFranconiafortheyearendedDecember 31, 1992, as listed in the table of contents, except for the Chamber of Commerce, The Frost Place and the Recreation Program Report. These latter mentioned reports are provided as supplemental information. My audit was made in accordance with the New Hampshire code of Administration Rules 501.09 and generally accepted auditing standards and accordingly, includesuchtestsoftheaccountingrecordsasIconsiderednecessaryinthecircumstances. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principals used and significant estimates made by management, as well as evaluating the overall financial statementpresentation. In my opinion, these financial statements present fairly the financial position of the Town of Franconia at December 31, 1992 and the result of its operations and changes in financial positionfortheyearended, inaccordancewithgenerallyaccepted accountingprincipals. Ralph Brigida, Auditor February 12, 1993 AUDITOR'S REPORT Basedontheauditofthebooks and recordsoftheTownofFranconiafor 1992, thefollowing isalistoffindingsandrecommendations. Someofthesehaveappeared in previousyears. 1. Bad checks are still not being dealt with in a timely manner and in one case not at all. 2. Badcheckfeesarenotbeingcollected in allcases. 3. Depositsarenotmadeoftenenough. Somearemorethantwoweeksapart. 4. Themotorvehiclepermitfilehad notbeenmaintainedformonths. 5. Therearemanykinksstill intheTaxCollector'scomputersystem. 6. I did not see evidence of reconciliations with the Treasurer's books on a monthly basis from the various departments. If differences were noted then one set of books or the othermustbeadjusted. 7. Thepayoffofataxanticipationloan wasmadelatecausingadditional interestcharges. 8. The interestcomputed bythe bankontheseloansshouldbecheckedforaccuracy. 9. A proofoftaxes and water fees receivable should be done monthly by the Tax Collector and Water DepartmentClerk. Any discrepanciesfound shouldthen be adjusted intheir records. 10. The Library Trustee must maintain a ledger showing investments, maturity, interest earnedandthedispositionofthe principal and interest. 11. The cash on hand in the Water Department should be looked at. There seems to be morethan needed. Respectfullysubmitted, Ralph Brigida, Auditor February 15, 1993 BALANCE SHEET ASSETS Cash- Unrestricted g 82,074.32 Cash-Restricted 139,666.25 PropertyTaxesReceivable- Current 337,405.45 PropertyTax LiensReceivable 193,969.09 Less: AllowanceforUncoUectibles (56,000.00) ResidentTaxesReceivable-AllYears 1,840.00 YieldTaxesReceivable 44.70 OtherAccountsReceivable 34,106.71 Duefrom SpecialRevenue Funds-WaterDepts. 27,534.30 DuefromCapitalReserve Funds 117,983.00 TotalAssets LIABILITIESAND FUND EQUITY AccountsPayable AccruedPayroll Dueto School Districts Deferred DebtRevenue-WaterDepts. PropertyTaxOverpaymentstobeRefunded Total Liabilities ReserveforEncumbrances-UnexpendedArticles 1988-Article 10- Shared Services 1988-Article 12- HandicapRamp 1989-Article3-Conservation 1989-Article6-Master Plan 1990-Article3-Conservation 1991 - Article 19- HighwayGarage Furnace 1992 -Article7- FireTruck 1992-RevaluationofTown Reservefor Special Purposes-RestrictedCash Unreserved, Undesignated FundBalance Total FundEquity TotalLiabilitiesandFund Equity