STATEMENT

OF

ANNUAL FINANCIAL OPERATING INFORMATION FOR THE FISCAL YEAR ENDED DECEMBER 31, 2017

TOWN OF PATTERSON

PUTNAM COUNTY, NEW YORK

DATED: JUNE 20, 2018

TOWN OF PATTERSON PUTNAM COUNTY, NEW YORK

Town Hall P.O. Box 470 Patterson, New York 12563 Telephone: 845/878-6500 Fax: 845/878-6343

TOWN BOARD

Richard Williams, Sr., Supervisor

Charles Cook, Deputy Supervisor Mary Smith, Councilwoman Shawn Rogan, Councilman Peter Dandreano, Councilman

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Antoinette Kopeck, Town Clerk Hogan & Rossi, Town Attorneys Patricia Brooks, Town Comptroller

* * *

Prepared with the Assistance of

MUNICIPAL ADVISOR

MUNISTAT SERVICES, INC.

Municipal Finance Advisory Service

12 Roosevelt Avenue Port Jefferson Station, N.Y. 11776 (631) 331-8888

E-mail: [email protected] Website: http://www.munistat.com

STATEMENT OF ANNUAL FINANCIAL AND OPERATING INFORMATION

TOWN OF PATTERSON PUTNAM COUNTY, NEW YORK

The material set forth herein, including the cover page, has been prepared by the Town of Patterson, Putnam County, New York (the "Town", the "County", and the "State", respectively) in connection with its obligation to prepare and submit such material in accordance with its Continuing Disclosure Undertaking and the Official Statements having been prepared in connection with the sale and issuance of the following outstanding bond issues.

$1,900,000 Public Improvement (Serial) Bonds, 2010 $1,540,000 Public Improvement Refunding (Serial) Bonds, 2013

THE TOWN

There follows in this Statement a brief description of the Town, together with certain information concerning its economy and governmental organization, its indebtedness, current major revenue sources and expenditures and general and specific funds.

General Information

Originally known as Fredrickburg, the Town was established in 1791. The Town is located in the northeastern corner of the County of Putnam, New York, approximately 50 miles north of New York City and covers approximately 20,900 acres or 32 square miles. The Town is bordered to the north by Dutchess County and the east by the State of Connecticut. The 2000 U.S. Census placed the population of the Town of Patterson at 11,306 persons, elevating its status under New York State Town Law to that of a first class town. The 2015 U.S. Census estimate for population is 12,025.

Interstate 84, which crosses the southwest corner of the Town, provides transportation connections to the New York State Thruway and the Taconic State Parkway. Secondary major transportation routes in the Town of Patterson include New York State Routes 22 and 311. Eleven miles south of the Town, New York State Route 22 connects to Interstate 684, providing an easy and direct access between the Town and major employment centers in White Plains and New York City. The Metro-North Railway System provides frequent peak and off-peak service to the Town from a station located in the Patterson Hamlet. These regional transportation systems have aided in the significant changes that have occurred to the Town towards the end of the 20th century.

Until recently, the Town has traditionally been a farming community. With changes to the means of transportation and the regional transportation system, the Town has seen much of the farmland converted to single family homes on moderate to large lots. Although the intensity of residential development that has occurred in the last three decades has moved the Town much closer to having an exurban character, with the many large areas of open space that remain, the Town is still felt to be a rural community. One of the more prominent natural features of the Town which helps to maintain the rural atmosphere is the Great Swamp. This is an extremely large contiguous wetland system of over 3,000 acres, making this the second largest wetland system in New York State.

The Town is home to many small and moderately sized businesses, many of which support the surrounding residential community. There is one neighborhood shopping center at the intersection of Routes 311 and 22. A much larger regional retail center, proposed along Interstate 84, is currently under review by the Town Planning Board. In addition to the retail and service shops, there are several light manufacturing/warehouse operations located in the south-central and northwest corner of the Town.

To meet the growing demand, municipal facilities in the Town were expanded. In the mid-1990’s, the Town refurbished a former firehouse into a new Court facility and library, 2001 saw the Town occupy a new 9,500 square foot municipal building used for administrative offices, and in 2003 the Town developed a former moving company site into a new 140 space parking lot for Metro-North and a new 20,000 square foot recreation center and gymnasium. With the help and support of local and State government leaders, these projects were all completed in a way that was affordable to the residents and without placing a strain on municipal finances.

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In 2007 the Town sold the courthouse/library building to the Library Association, and by 2010 a new 7,300 S.F. Court facility was constructed near the existing Town Hall.

In 2008 the sewer district closed the existing fields and constructed an 80,000 gallon/day sewer plant, which provided an extension of the district to include several condo units, the school administration building, and the local elementary school. Another extension was completed to the local shopping center and the Library/Cartwright properties by 2016.

Utilities and Other Services

Electric and gas service is provided to the Town by New York State Electric & Gas Corporation. Water is provided by private wells and financed municipal water systems. Sewer collection and treatment is provided by the Town to parcels located in the sewer district, with upgrades above the State requirements financed by the NYC DEP. Police protection is provided by State and County police; fire protection is provided by a fire protection district serviced by two volunteer fire departments and EMS services are provided by the Town.

Government

The Town was established in 1791. Three independently governed school districts are located wholly or partially within the Town, and rely on their own taxing powers granted by the State to raise revenues. The school districts use the Town's assessment roll as their basis for taxation of property located within the Town.

Subject to the provisions of the State Constitution, the Town operates pursuant to the Town Law, the Local Finance Law, other laws generally applicable to the Town, and any special laws generally applicable to the Town. Under such laws, there is no authority for the Town to have a charter, but pursuant to the Town Law and other laws generally applicable to home rule, the Town may from time to time adopt local laws.

The legislative power of the Town is vested in the Town Board, which consists of five members, including the Supervisor, who is the chief executive officer of the Town, elected for a term of four years. The four other members of the Town Board are elected to four-year terms, which terms are staggered such that two councilmen are elected every two years. All the Town Board members are elected at large and there is no limitation to the number of terms each may serve. The Town's other elected officials include the Receiver of Taxes, the Superintendent of Highways, the Town Clerk and two Town Justices. Its appointed officials include the Assessor, Town Comptroller and the Town Attorney. Town responsibilities in its unincorporated areas include code enforcement, building inspection, planning and zoning, parks and recreational activities, paving and street maintenance, street lighting, drainage, traffic control, and water and sewage collection and treatment facilities.

Financial Organization

The Supervisor is the chief fiscal officer of the Town. He is responsible for drafting and preparing the budget and securing and administering State and Federal grants. The Comptroller is the accounting officer of the Town, and her duties include administration, direction and control of budget, accounts payable and receivable, and payroll. Employees

The Town provides services through approximately 38 full-time employees, 103 part-time employees and 21 seasonal employees, some of whom are represented by organized labor, as follows:

Approx. No. Expiration Date Name of Union of Members of Contract

Civil Service Employees Association – Full-Time ...... 17 12-31-18

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ECONOMIC AND DEMOGRAPHIC INFORMATION

Population Characteristics

Since 1990, the Town has had a population trend, as compared to the County and the State, as indicated below:

Town of Putnam State of Year Patterson County New York

1990 8,679 83,941 17,990,455 2000 11,306 95,745 18,976,457 2010 12,023 99,710 19,378,102 2016 11,968 99,408 19,697,457

Source: U.S. Bureau of the Census.

Income Data

Per Capita Money Income 1990 2000 2010 2016

Town of Patterson $ 17,543 $ 26,103 $ 27,876 $33,795 County of Putnam 20,536 30,127 7,915 41,993 State of New York 16,501 23,389 30,791 34,212

Median Family Income 1990 2000 2010 2016

Town of Patterson $ 53,471 $ 75,746 $ 94,135 $ 93,382 County of Putnam 58,892 82,197 101,576 97,606 State of New York 39,741 51,691 67,405 60,741

Source: United States Department of Commerce, Bureau of the Census a. Note: Based on American Community Survey 5-Year Estimates (2012-2016)

Summary of Building Activity

The chart below represents the level of building permit activity for the four most recently completed fiscal years. The figures include residential and commercial activity and with most of the activity coming from additions and renovations to existing homes and facilities. It also includes demolitions, installation of fences, swimming pools, fences, accessory buildings, etc. It does not include renewals of previously issued permits.

Year Number of Permits Estimated Value

2013 241 $ 7,169,872 2014 216 9,164,030 2015 227 4,278,559 2016 309 9,558,119 2017 279 5,180,815

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Selected Listing of Large Employers within Putnam County

Estimated Number Name Type Of Employees

Putnam Hospital Center Healthcare 938 Mahopac Central School District Public Education 773 Carmel Central School District Public Education 712 County of Putnam Public 700 Brewster Central School District Public Education 600 Green Chimneys Children's Services 502 Putnam Associated Resource Centers Services 375 Putnam Valley Central School District Public Education 290 Cerebral Palsy Assoc. of Putnam & Southern Dutchess Services 264 Big V Shop Rite Supermarkets Inc Retail 250

Source: Putnam County Planning Department

Unemployment Rate Statistics

Unemployment statistics are not available for the Town as such. The information set forth below with respect to the County and the State is included for information purposes only. It should not be implied from the inclusion of such data in this Statement that the Town is necessarily representative of the County or the State or vice versa.

County of Annual Averages: Putnam(%) New York State (%)

2013 5.8 7.7 2014 4.9 6.4 2015 4.3 5.3 2016 4.0 4.9 2017 4.5 5.1 2018 (2 months Average) 4.5 5.1

Source: Department of Labor, State of New York

The following pages set forth certain details with respect to the indebtedness of the Town.

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Computation of Debt Limit and Calculation of Net Debt Contracting Margin (As of June 20, 2018)

State Assessed Equalization Fiscal Year Ending December 31: Valuation Rate (%) Full Valuation

2014 $1,175,571,881 100.00 $1,175,571,881 2015 1,156,328,808 100.00 1,156,328,808 2016 1,162,917,226 100.00 1,162,917,226 2017 1,172,060,547 100.00 1,172,060,547 2018 1,208,636,005 100.00 1,208,636,005

Total Five Year Full Valuation 5,875,514,467 Average Five Year Full Valuation 1,175,102,893 Debt Limit - 7% of Full Valuation 82,257,203

Inclusions: Outstanding Bonds $5,310,000 Bond Anticipation Notes 0

Total Indebtedness 5,310,000

Exclusions Water Debt 85,000 Appropriations for Bonds 195,000 Appropriations for Notes 0 Total Exclusions 280,000

Total Net Indebtedness 5,030,000

Net Debt Contracting Margin $77,227,203

Per Cent of Debt Contracting Margin Exhausted 6.11%

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Debt Service Requirements – Outstanding Bondsa (As of June 20, 2018)

Principal Interest Total

2018 490,000 158,995 648,995 2019 450,000 146,992 596,992 2020 455,000 136,629 591,629 2021 400,000 125,975 525,975 2022 320,000 116,506 436,506 2023 300,000 107,749 407,749 2024 240,000 99,952 339,952 2025 200,000 93,516 293,516 2026 175,000 88,054 263,054 2027 175,000 82,906 257,906 2028 180,000 77,704 257,704 2029 190,000 72,339 262,339 2030 190,000 66,604 256,604 2031 185,000 60,828 245,828 2032 185,000 54,955 239,955 2033 190,000 48,991 238,991 2034 190,000 42,902 232,902 2035 195,000 36,726 231,726 2036 205,000 30,424 235,424 2037 200,000 23,731 223,731 2038 205,000 17,167 222,167 2039 210,000 10,474 220,474 2040 75,000 3,563 78,563

$5,605,000 $1,703,682 $7,308,682 a. Does not include payments made to date. Rounded to the nearest dollar; for issues sold to NYS Environmental Facilities Corp., interest included takes into account estimated subsidies and annual administrative charges.

Details of Short-Term Indebtedness Outstanding (As of June 20, 2018)

As of the date of this Statement, the Town has no bond anticipation notes outstanding.

Capital Project Plans

The Town is generally responsible for providing services as required to the citizens on a Town-wide basis. The Town maintains a Town road system necessitating road resurfacing and improvements and the acquisition of machinery and equipment. Additionally, although not a capital expense, such road system requires annual expenditures for snow removal as well as regular general operating maintenance expenses. In addition, the Town is regularly acquiring and improving recreation facilities and maintaining Town-owned buildings and other facilities which require capital outlays or borrowings. Needs for capital funding for the above described projects for which the Town has responsibility are anticipated to continue and to be in approximately the same amounts as have generally prevailed in the past. The Town is in the preliminary planning stages of acquiring and renovating a building for use as an Emergency Services Building. The final amount of the project has yet to be determined.

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Contracts with other Municipalities

The Town is a member of the East of Hudson Coalition (“EOH Coalition”), an association of municipalities located in the New York City watershed east of the Hudson River. The Town is also a member of the East of Hudson Watershed Corporation (“EOH Watershed Corporation”). The Town of Patterson Industrial Development Agency is currently not a functioning agency. For any recent developments brought to the Town, the Town will use the Putnam County Industrial Development Agency. The Town is not liable for Agency bonds or notes.

The EOH Coalition was formed as an advocacy group on issues related to a regional stormwater retrofit program with various municipalities in Dutchess, Putnam and Westchester counties.

The EOH Watershed Corporation was formed to organize, administer and implement regional stormwater retrofit projects with various municipalities in Dutchess, Putnam and Westchester counties.

On October, 2012, the Town entered into a contract with the Town of Pawling for Town Assessor services. This contract is valid through December 31, 2019.

In 2008 the Town entered into a contract with the NYC DEP to provide upgraded sewer plant services, above those required by the State of New York. The NYC DEP finances a proportionate amount of the operating costs to run the facilities annually.

Authorized but Unissued Indebtedness

As of the date of this statement, the Town has no authorized but unissued debt outstanding.

Trend of Town Indebtedness

The following table represents the trend of outstanding indebtedness of the Town at the end of the last five preceding fiscal years.

Fiscal Year Ending December 31 2013 2014 2015 2016 2017 Debt Outstanding End of Year: Bonds $6,660,000 $6,365,000 $5,985,000 $5,840,000 $5,605,000 Bond Anticipation Notes 240,000 - 320,000 - - Revenue Anticipation Notes - - - - -

Total $6,900,000 $6,365,000 $6,305,000 $5,840,000 $5,605,000

Underlying and Overlapping Indebtedness of Political Subdivisions Within the Town

In addition to the Town, the following political subdivisions have the power to issue bonds and to levy taxes or cause taxes to be levied on taxable real property in the Town. The estimated applicable outstanding indebtedness of such political subdivisions is as follows:

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Calculation of Estimated Overlapping and Underlying Indebtedness

Applicable Applicable Date of Percentage Total Net Overlapping Units Report Applicable (%) Indebtedness Indebtedness

County of Putnam 6/20/2017 8.91 $ 5,266,307 $ 5,023,420 School District: Brewster CSD 6/16/2017 18.19 12,493,062 6,746,253 Carmel CSD 6/30/2017 20.53 5,864,293 5,864,293 Pawling CSD 6/30/2017 1.71 197,078 197,078

Totals $ 23,820,740 $17,831,044

Sources: Annual Reports of the respective units for the most recently completed fiscal year on file with the Office of the State Comptroller or more recently published Statements.

Debt Ratios (As of June 20, 2018)

Percentage Per Of Full a b Amount Capita Value (%)

Total Direct Debt $5,310,000 $444 0.439 Net Direct Debt 5,030,000 420 0.416 Total Direct & Applicable Total Overlapping Debt 29,130,740 2,434 2.410 Net Direct & Applicable Net Overlapping Debt 22,861,044 1,910 1.891 a. The estimated population of the Town is 11,968 according to the 2016 U.S. Census. b. The full valuation of taxable real property in the Town for 2018 is $1,208,636,005.

FINANCES OF THE TOWN

Financial Statements and Accounting Procedures

The Town does not use an outside auditing firm to complete audited financial statements. The Town maintains its financial records in accordance with the Uniform System of Accounts for Towns prescribed by the State Comptroller. The financial affairs of the Town are subject to periodic compliance review by the Office of the State Comptroller to ascertain whether the Town has complied with the requirements of various State and Federal statutes. As required by law, the Town also prepares an Annual Financial Report Update Document for submission to the Comptroller and such report is audited by independent accountants. The last such report made available for public inspection covers the fiscal year ended December 31, 2017 and is attached as Appendix B. A summary of the operating results for the past five fiscal years is attached as Appendix A hereto.

Fund Structure and Accounts

The Town utilizes fund accounting to record and report its various service activities. A fund represents both a legal and an accounting entity which segregates the transactions of specific programs in accordance with special regulations, restrictions or limitations.

There are three basic fund types: (1) governmental funds that are used to account for basic services and capital projects; (2) proprietary funds that account for operations of a commercial nature; and (3) fiduciary funds that account for assets held in a trustee capacity. Account groups, which do not represent funds, are used to record fixed assets and long-term obligations that are not accounted for in a specific fund.

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The Town presently maintains the following governmental funds: General Fund, Highway Fund, Debt Service Fund, Special Districts Funds, and the Capital Projects Fund. Fiduciary funds consist of a Trust and Agency Fund. There are no proprietary funds. Account groups are maintained for fixed assets and long-term debt.

Basis of Accounting

The governmental fund statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when measurable and available. The Town considers all revenues reported in the governmental funds to be available if the revenues are collected within 60 days after the end of the fiscal year. Expenditures are recorded when the related fund liability is incurred, except for principal and interest on general long-term debt, sanitary landfill post closure costs, installment purchases, judgments and claims, and compensated absences, which are recognized as expenditures to the extent they have matured. General capital asset acquisitions are reported as expenditures in governmental funds. Proceeds of general long-term debt and acquisitions under capital leases are reported as other financing sources.

Investment Policy

Pursuant to the statutes of the State of New York, the Town is permitted to invest only in the following investments: (1) special time deposit accounts in, or certificates of deposit issued by or deposit placement programs with a bank or trust company located and authorized to do business in the State of New York; (2) obligations of the United States of America; (3) obligations guaranteed by agencies of the United States of America where the payment of principal and interest is guaranteed by the United States of America; (4) obligations of the State of New York; (5) obligations issued pursuant to Local Finance Law Sections 24.00 (tax anticipation notes) or 25.00 (revenue anticipation notes) with approval of the State Comptroller, by any municipality, school district or district corporation other than the Town; and (6) in the case of the Town moneys held in certain reserve funds established pursuant to law, obligations issued by the Town. These statutes further require that all bank deposits, in excess of the amount insured under the Federal Deposit Insurance Act, be secured by a pledge of eligible securities, an eligible letter of credit or an eligible surety bond, as each such term is defined in the law.

Consistent with the above statutory limitations, it is the Town’s current policy to invest in: (1) certificates of deposit or time deposit accounts that are fully secured as required by statute, (2) obligations of the United States of America, (3) obligations guaranteed by agencies of the United States of America where the payment of principal and interest is guaranteed by the United States of America, (4) Certificates of Participation (COPs) issued pursuant to GML §109-b and (5) obligations of this local government, but only with any moneys in a reverse fund established pursuant to §§6-c, 6-d, 6-e, 6-g, 6-h, 6-j, 6-k, 6-l, 6-m, or 6-n. In the case of obligations of the United States government, the Town may purchase such obligations pursuant to a written repurchase agreement that requires the purchased securities to be delivered to a third part custodian.

Budgetary Procedures

The head of each administrative unit of the Town is required to file detailed estimates of revenues (other than real property taxes) and expenditures for the next fiscal year with the budget officer. After reviewing these estimates, the budget officer prepares a tentative budget which includes his recommendations. A budget message explaining the main features of the budget is also prepared at this time. The tentative budget is filed with the Town Clerk not later than the 30th of September. Subsequently, the Town Clerk presents the tentative budget to the Town Board at the regular or special hearing which must be held on or before October 5th. The Town Board reviews the tentative budget and makes such changes as it deems necessary and that are not inconsistent with the provisions of the law. Following this review process, the tentative budget and such modifications, if any, is approved by the Board and becomes the preliminary budget. A public hearing is generally held and a notice must be duly published in the Town's official newspaper. At such hearing, any person may express his opinion concerning the preliminary budget; however, there is no requirement or provision that the preliminary budget or any portion thereof be voted on by members of the public. After the public hearing, the Town Board may further change and revise the preliminary budget. The Town Board, by resolution, adopts the preliminary budget as submitted or amended no later than November 20th, at which time, the preliminary budget becomes the annual budget of the Town for the ensuing fiscal year. Budgetary control during the year is the responsibility of the Supervisor who is assisted in this area by the Town Comptroller. However, any changes or modifications to the annual budget including the transfer of appropriations among line items must be approved by department heads and or by the Town Board.

Budget Summaries for the 2017 and 2018 fiscal years may be found in Appendix A.

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Financial Operations

The Supervisor functions as the chief fiscal officer as provided in Section 2 of the Local Finance Law; in this role, the Supervisor is responsible for the Town's accounting and financial reporting activities. Pursuant to Section 30 of the Local Finance Law, the Supervisor has been authorized to issue or renew certain specific types of notes. As required by law, the Supervisor must execute an authorizing certificate which then becomes a matter of public record.

The Town Board, as a whole, serves as the finance board of the Town and is responsible for authorizing, by resolution, all material financial transactions such as operating and capital budgets and bonded debt.

Town finances are operated primarily through the General Fund. The General Fund receives most of its revenue from real property tax and State aid. Current operating expenditures are paid from this fund subject to available appropriations. The other operating funds are made up of the Highway, Sewer, Water, Library, Parks, Sanitation and Lighting. The primary source of income for these districts comes from special assessments levied against district properties at the same time real estate taxes are levied. Capital projects and equipment purchases are accounted for in special capital projects funds. The Town observes a calendar year (January 1 through December 31) for operating and reporting purposes.

Revenues

The Town receives most of its revenues from a real property tax on all non-exempt property situated within the Town and from State Aid. A summary of such revenues for the five most recently completed fiscal years may be found in Appendix A. See "Real Property Tax Information", herein.

State Aid

The Town receives financial assistance from the State. If the State should not adopt its budget in a timely manner, municipalities and school districts in the State, including the Town, may be affected by a delay in the payment of State aid. Additionally, if the State should experience difficulty in borrowing funds in anticipation of the receipt of State taxes in order to pay State aid to municipalities and school districts in the State, including the Town, in this year or future years, the Town may be affected by a delay in the receipt of State aid until sufficient State taxes have been received by the State to make State aid payments.

Based on the financial statements of the Town, the Town received approximately 6.17% of its total General Fund operating revenue from State aid in 2017. There is no assurance, however, that State appropriations for aid to municipalities will continue, either pursuant to existing formulas or in any form whatsoever. The State is not constitutionally obligated to maintain or continue such aid and, in fact, the State has drastically reduced funding to municipalities and school districts in the last several years in order to balance its own budget.

Although the Town cannot predict at this time whether there will be any delays and/or reductions in State aid in the current year or in future fiscal years, the Town may be able to mitigate the impact of any delays or reductions by reducing expenditures, increasing revenues appropriating other available funds on hand, and/or by any combination of the foregoing.

The following table sets forth the percentage of the Town’s General Fund revenue comprised of State aid for each of the fiscal years 2013 through 2017 inclusive.

Fiscal Year Ending Town General Fund State Aid to Dec 31: Revenue State Aid Revenues (%)

2013 3,851,375 318,764 8.28% 2014 3,936,788 284,000 7.21% 2015 3,738,207 242,383 6.48% 2016 3,765,797 232,838 6.18% 2017 4,103,087 253,188 6.17%

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Expenditures

The major categories of expenditures for the Town are General Government Support, Public Safety, Transportation, Home and Community Services, Culture and Recreation, Employee Benefits and Debt Service. A summary of the expenditures for the five most recently completed fiscal years may be found in Appendix A.

Employee Pension System

Some employees of the Town are members of the New York State and Local Employees’ Retirement System (the “Retirement System” or “ERS”). The Retirement System is a cost-sharing multiple public employer retirement system. The obligation of employers and employees to contribute and the benefits to employees are governed by the New York State Retirement System and Social Security Law (the “Retirement System Law”). The Retirement System offers a wide range of plans and benefits which are related to years of service and final average salary, vesting of retirement benefits, death and disability benefits and optional methods of benefit payments. All benefits generally vest after five years of credited service, except for “Tier 6” employees, as discussed below, whose benefits vest after ten years or credited service. The Retirement System Law generally provides that all participating employers in the Retirement System are jointly and severally liable for any unfunded amounts. Such amounts are collected through annual billings to all participating employers. Generally, all employees, except certain part-time employees, participate in the Retirement System. The Retirement System is non-contributory with respect to members hired prior to July 27, 1976. All members hired on or after July 27, 1976 and before January 1, 2010 must contribute three percent of their gross annual salary towards the costs of retirement programs until they attain ten years in the Retirement System, at such time contributions become voluntary. On December 10, 2009, then Governor Paterson signed into law the creation of a new Tier 5, which is effective for new ERS employees hired on or after January 1, 2010. New ERS employees in Tier 5 contribute 3% of their salaries. There is no provision for these contributions to cease for Tier 5 employees after a certain period of service.

On March 16, 2012, Governor Cuomo signed into law the new Tier 6 pension program, effective for new ERS employees hired after April 1, 2012. The Tier 6 legislation provides for increased employee contribution rates of between 3% and 6%, an increase in the retirement age from 62 years to 63 years, a readjustment of the pension multiplier, and a change in the time period for final average salary calculation from 3 years to 5 years. Tier 6 employees will vest in the system after ten years of employment and will continue to make employee contributions throughout employment.

On May 14, 2003, a pension reform bill was signed into law as Chapter 49 of the Law of 2003 (“Chapter 49”). Chapter 49 changed the billing cycle for employer contributions to ERS to match budget cycles of the Town. Under the previous method, the Town was not provided with required payment until after the budget was implemented. Under the reforms implemented by Chapter 49, the employer contribution for a given fiscal year will be based on the value of the pension fund on the prior April 1, instead of the following April 1. As a result, the Town is notified of and can include the actual cost of the employer contribution in its budget. Chapter 49 also required a minimum payment of 4.5% of payroll each year, including years in which investment performance of the fund would make a lower employer contribution possible.

During its 2004 Session the New York State Legislature enacted further pension relief in the form of Chapter 260 of the Laws of 2004 (“Chapter 260”). Chapter 260 changed the pension payment date for all local governments from December 15 to February 1 and permits the legislative body of a municipality to establish a retirement contribution reserve fund for the purpose of financing retirement contributions in the future.

The Retirement System has advised the Town that municipalities can elect to make employer contribution payments in the December or the following February, as required. If such payments are made in the December prior to the scheduled payment date in February, such payments may be made at a discount amount. The Town has made all payments in December to take advantage of the discounted amount.

As a result of significant capital market declines in the recent past, in certain years the State’s Retirement System portfolio has experienced negative investment performance and severe downward trends in market earnings. As a result of the foregoing, it is anticipated that the employer contribution rate for the State’s Retirement System in future years may be higher than the minimum contribution rate established under applicable law. Since 2010, various forms of legislation have been enacted to allow local governments and school districts the option of amortizing required contributions to the Retirement System. However, although these options reduce near term payments, it will require higher than normal contributions in later years. The Town has decided not to amortize any payments to the Retirement System.

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Required Contributions to the Retirement Systems

FYE Dec 31: Amount

2013 559,384 2014 533,280 2015 511,268 2016 450,459 2017 413,772 2018 (Budgeted) 484,215

Other Post Employment Benefits

The Town provides post-retirement healthcare benefits to some of its former employees. These costs may be expected to rise substantially in the future. Accounting rules now require governmental entities, such as the Town, to account for post-retirement health care benefits as its accounts for vested pension benefits. GASB Statement No. 45 (“GASB 45”) described below requires such accounting.

GASB 45 and OPEB. OPEB refers to "other post-employment benefits," meaning benefits other than pension benefits. OPEB consists primarily of health care benefits, and may include other benefits such as disability benefits and life insurance. Before GASB 45, OPEB costs were generally accounted for and managed as current expenses in the year paid and were not reported as a liability on governmental financial statements.

GASB 45 requires municipalities to account for OPEB liabilities in the same manner as they already account for pension liabilities. It requires them to adopt the actuarial methodologies used for pensions, with adjustments for the different characteristics of OPEB and the fact that most municipalities have not set aside any funds against this liability. Unlike GASB Statement No. 27, which covers accounting for pensions, GASB 45 does not require municipalities to report a net OPEB obligation at the start.

Under GASB 45, based on actuarial valuation, an annual required contribution ("ARC") is determined for each municipality. The ARC is the sum of (a) the normal cost for the year (the present value of future benefits being earned by current employees) plus (b) amortization of the unfunded accrued liability (benefits already earned by current and former employees but not yet provided for), using an amortization period of not more than 30 years. If a municipality contributes an amount less than the ARC, a net OPEB obligation will result, which is required to be recorded as a liability on its financial statements.

The Town has not conducted the actuarial valuation. The Town provides health insurance coverage and survivor benefits for retired employees and their survivors. Substantially all of the Town’s full time employees may become eligible for these benefits if they reach normal retirement age while working for the Town. Health care benefits and survivor benefits are provided through an insurance company whose premiums are based on the benefits 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 2017 fiscal year, $108,077 was paid on behalf of 13 retirees/survivors and recorded as an expenditure in the General, Highway and Refuse Funds.

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REAL PROPERTY TAX INFORMATION

Real Property Taxes

The Town derives a major portion of its revenues from a tax on real property (see “Statement of Revenues, Expenditures and Changes in Fund Balance” in Appendix B, herein.) Property taxes accounted for approximately 59.86% of total general fund revenues, for the fiscal year ended 2017. On June 24, 2011, the Tax Levy Limit Law was enacted, which imposes a tax levy limitation upon the municipalities, school districts and fire districts in the State, including the Town, without providing an exclusion for debt service on obligations issued by municipalities and fire districts, including the Town. See “Tax Levy Limit Law,” herein.

The following table sets forth the percentage of the Town’s General Fund revenue (excluding other financing sources) comprised of real property taxes for each of the fiscal years 2013 through 2017 inclusive and budgeted amounts for 2018.

Real Property Fiscal Year Ending Town General Real Property Taxes to Dec 31: Fund Revenue Taxes Revenue (%)

2013 3,851,375 2,307,967 59.93% 2014 3,796,719 2,352,223 61.95% 2015 3,738,207 2,336,537 62.50% 2016 3,765,797 2,400,941 63.76% 2017 4,103,087 2,456,189 59.86% 2018 (Budgeted) 4,390,697 2,491,044 56.73%

The following table presents the total tax levy, with adjustments and collection performance for each of the last five fiscal years.

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Tax Levies, Collection Records and Tax Rates Fiscal Year Ended December 31: 2014 2015 2016 2017 2018 Town Tax Items: General Fund $2,346,631 $2,329,270 $2,394,049 $2,450,393 $2,484,521 Highway Fund 2,724,679 2,764,290 2,841,563 2,870,254 2,914,177 Public Library Fund 735,452 735,452 737,252 873,583 873,583 Protata/Ommitted Tax 6,523 Water Districts 119,548 120,830 121,051 121,811 122,825 Sewer Districts 231,847 235,063 234,901 234,495 234,824 Park Districts 232,355 234,390 236,480 238,600 239,130 Drainage District 2,084 2,085 2,085 2,085 3,085 Lighting Districts 41,329 41,930 42,130 42,075 43,700 Refuse & Garbage 1,204,012 1,222,150 1,229,496 1,213,600 1,232,199 Fire Districts 1,426,024 1,502,614 1,480,920 1,503,902 1,525,514 Other: Upaid Garbage 802 Other: Unpaid Code Violation 21,295 Other: Quail Ridge 14,000 13,000 12,710 12,650

Subtotal $9,063,961 $9,223,369 $9,332,927 $9,564,310 $9,692,731

County Tax Items: Included in Levy $4,763,820 $4,749,632 $5,035,256 $5,006,543 $4,931,143

Total Tax Levy $13,827,781 $13,973,001 $14,368,183 $14,570,853 $14,623,874

Franchise/Utility Tax Charges Paid to Treasurer $259,237 $181,729 $325,473 $355,095 $356,290

Adjustments $4,726 $456 $2,229 $20,065 $7,057

Collections Prior to Return $12,239,128 $12,224,989 $12,548,959 $12,636,995 $12,859,508

Uncollected Returned to County April $1,074.69 $1,183,454 $1,253,218 $1,266,470 $1,144,092

Percentage Collected Prior to Returna 88.42% 87.49% 87.34% 86.73% 87.94%

a. The Town is assured of all collections in full. See “Tax Collection Procedure” herein.

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Tax Collection Procedure

Town taxes are due January 1st. Two payments options are available:

Single Payment – Total taxes paid in one payment. No interest penalty imposed if paid by January 31st. There is a 1% interest penalty for February payments and a 2% interest penalty for March payments. On April 1st, a list of all unpaid taxes is given to the County. All taxes paid to the County after April 1st are subject to a 5% penalty, plus interest at a variable rate determined by the New York State Commissioner of Taxation and Finance.

Two Equal Payments – First payment must be postmarked no later than January 31st. The second payment must be postmarked on or before July 31st. The second payment is subject to interest on such installments at the variable rate determined by the New York State Commissioner of Taxation and Finance to the Town Receiver/Collector. On July 31st, a list of all unpaid taxes is given to the County. All taxes paid to the County on or after August 1st are subject to a 5% penalty plus interest.

Responsibility for the collection of unpaid taxes rests with the County and any deficiency in tax collection is the County’s liability. The Town is thereby assured of full tax collection.

Tax Levy Limit Law

Prior to the enactment of Chapter 97 of the Laws of 2011 (the “Tax Levy Limit Law”) on June 24, 2011, all the taxable real property within the Town had been subject to the levy of ad valorem taxes to pay the bonds and notes of the Town and interest thereon without limitation as to rate or amount. However, the Tax Levy Limit Law imposes a tax levy limitation upon the Town for any fiscal year commencing after May 31, 2012, continuing through May 31, 2016 or later as provided in the Tax Levy Limit Law, without providing an exclusion for debt service on obligations issued by the Town. As a result, the power of the Town to levy real estate taxes on all the taxable real property within the Town is subject to statutory limitations, according to the formulas set forth in Tax Levy Limit Law.

The following is a brief summary of certain relevant provisions of the Tax Levy Limit Law. The summary is not complete and the full text of the Tax Levy Limit Law should be read in order to understand the details and implications thereof.

The Tax Levy Limit Law imposes a limitation on increases in the real property tax levy of the Town, subject to certain exceptions. The Tax Levy Limit Law permits the Town to increase its overall real property tax levy over the tax levy of the prior year by no more than the “Allowable Levy Growth Factor”, which is the lesser of one and two one-hundredths or the sum of one plus the Inflation Factor; provided, however that in no case shall the levy growth factor be less than one. The "Inflation Factor" is the quotient of: (i) the average of the 20 National Consumer Price Indexes determined by the United States Department of Labor for the twelve-month period ending six months prior to the start of the coming fiscal year minus the average of the National Consumer Price Indexes determined by the United States Department of Labor for the twelve-month period ending six months prior to the start of the prior fiscal year, divided by: (ii) the average of the National Consumer Price Indexes determined by the United States Department of Labor for the twelve-month period ending six months prior to the start of the prior fiscal year, with the result expressed as a decimal to four places. The Town is required to calculate its tax levy limit for the upcoming year in accordance with the provision described above and provide all relevant information to the New York State Comptroller prior to adopting its budget. The Tax Levy Limit Law sets forth certain exclusions to the real property tax levy limitation of the Town, including exclusions for certain portions of the expenditures for retirement system contributions and tort judgments payable by the Town. The governing board of the Town may adopt a budget that exceeds the tax levy limit for the coming fiscal year, only if the governing board of the Town first enacts, by a vote of at least sixty percent of the total voting power of the Town Board, a local law to override such limit for such coming fiscal year.

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The Tax Levy Limit Law does not contain an exception from the levy limitation for the payment of debt service on either outstanding general obligation bonds or notes of the Town or such indebtedness incurred after the effective date of the Tax Levy Limit Law. As such, there can be no assurances that the Tax Levy Limit Law will not come under legal challenge for violating (i) Article VIII, Section 12 of the State Constitution for not providing an exception for debt service on obligations issued prior to the enactment of the Tax Levy Limit Law, (ii) Article VIII, Section 10 of the State Constitution by effectively eliminating the exception for debt service to general real estate tax limitations, and (iii) Article VIII, Section 2 of the State Constitution by limiting the pledge of its faith and credit by a municipality or school district for the payment of debt service on obligations issued by such municipality or school district.

The 2017 and 2018 Budgets did not exceed the tax levy limitation. Such Budgets include the allowable tax levy carry-over from the prior years.

Large Taxable Properties 2017 Assessment Rolla Assessed Name Type Valuation

Watchtower Motel $13,379,200 Fitzgerald Family LLC Shopping Center 7,500,000 Clover Lake Property Senior Living (Aged Home) 6,300,000 Camp Re LLC Special School 3,923,500 Putnam County IDA - Brewster Plastics/Highland Group LLC Manufacturer 3,673,200 Clancy Properties LLC Truck Terminal 3,640,300 NYSEG - Carmel Central School Dist Portion Utilities 3,271,180 Putnam County IDA - Fryer/Emgee 1985 Corporation Manufacturer 3,226,000 NYSEG - Carmel Central Outside Plant Utilities - Elec & Gas 3,142,852 JRS Pharma LP Office Building 2,928,000 National Auto Sprinkler Office Building 2,830,000 NYSEG - Brewster Cent School Dist Portion Utilities 2,754,453 Windings Inc Manufacturer 2,720,500 People of the State of NY State Park 2,689,200 Bradley Cook, LLC Health Building 2,455,900

b Total $64,434,285

a. Assessment Roll established in 2017 for levy and collection of taxes in 2018. b. Represents 5.50% of the 2018 Taxable Assessed Valuation of the Town.

Tax Certiorari Claims

In common with other municipalities, there are a number of tax certiorari proceedings pending involving properties that are subject to the levy of Town taxes. The plaintiffs in these matters have asserted that their properties are over-assessed and are seeking assessment reductions. A refund of excess taxes is also generally requested. Historically, certiorari claims have been settled through negotiations, resulting in amounts, at times, substantially less than originally claimed. Many settlements provide for future adjustments with no direct outlay of money.

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APPENDIX A

FINANCIAL INFORMATION

Combined Statements of Revenues, Expenditures and Changes in Fund Balances

Balance Sheets

Budget Summaries

BALANCE SHEET - GENERAL FUND

Fiscal Year Ended December 31:

Assets 2013 2014 2015 2016 2017

Cash $ 1,061,830 $ 1,308,829 $ 1,257,376 $ 1,312,321 $ 1,200,155 Accounts Receivable 57,517 56,585 68,778 38,926 90,762 Due from Other Funds 32 1,245 4,439 Restricted Assets 6,089 42 Prepaid Expenditures 82,437 76,518 72,573 65,729 62,665

Total Assets $ 1,201,784 $ 1,448,021 $ 1,398,801 $ 1,418,221 $ 1,358,021

Liabilities

Accounts Payable $ 31,879 $ 55,908 $ 71,611 $ 67,657 $ 49,462 Due from Other Funds 85 85 Other Liabilities 18,217 24,915 33,561 6,520 13,001

Total Liabilities 50,096 80,823 105,172 74,262 62,548

Fund Equity Fund Balance: Non Spendable 82,436 76,518 72,573 65,729 62,665 Restricted 6,089 42 Assigned 100,800 40,000 185,000 165,000 40,000 Unassigned 968,452 1,244,591 1,036,014 1,113,229 1,192,808 Total Fund Equity 1,151,688 1,367,198 1,293,629 1,343,958 1,295,473

Total Liabilities and Fund Equity $ 1,201,784 $ 1,448,021 $ 1,398,801 $ 1,418,220 $ 1,358,021

Source: Annual Financial Report Update Documents for the Town of Patterson (2013-2017)

NOTE: This Schedule NOT audited

A-1 Statement of Revenues, Expenditures and Fund Balances General Fund

Fiscal Year Ending December 31: 2013 2014 2015 2016 2017 Revenues: Real Property Taxes $ 2,307,967 $ 2,352,223 $ 2,336,537 $ 2,400,941 $ 2,456,189 Real Property Tax Items 43,514 50,189 38,257 23,893 23,124 Non-Property Tax Items 188,402 191,631 201,571 200,317 213,202 Departmental Income 527,875 521,784 510,267 494,347 686,361 Intergovernmental Charges 40,951 43,784 42,750 45,750 46,800 Use of Money and Property 14,483 14,671 21,328 14,362 14,324 Licenses & Permits 18,128 16,664 16,289 26,426 28,116 Fines & Forfeitures 342,199 382,606 299,372 293,383 334,703 Sale of Property & Compensation for Loss 7,216 3,992 4,657 3,636 12,652 Miscellaneous 18,426 2,724 2,221 1,773 4,179 Interfund Revenues 23,450 23,875 22,575 28,131 30,249 State & Federal Aid 318,764 192,576 242,383 232,838 253,188

Total Revenues 3,851,375 3,796,719 3,738,207 3,765,797 4,103,087

Expenditures: General Government Support 1,568,456 1,604,518 1,669,782 1,673,929 1,734,188 Public Safety 286,958 254,248 255,922 240,950 224,660 Health 3,250 3,315 132,400 240,716 596,233 Transportation 149,118 152,811 160,832 160,732 167,704 Economic Assistance 17,237 15,086 13,092 12,833 12,745 Culture and Recreation 369,466 368,564 359,936 324,177 351,573 Home and Community Services 232,600 240,071 261,072 181,811 176,490 Employee Benefits 861,059 802,695 788,551 740,442 754,409 Debt Service 227,355 208,380 170,189 139,878 133,570

Total Expenditures 3,715,499 3,649,688 3,811,776 3,715,468 4,151,572

Other Financing Sources (Uses): Proceeds From: Operating Transfers In 68,479 Operating Transfers Out (100,000)

Total Other Financing Sources (Uses) (100,000) 68,479 0 0 0

Excess (Deficiency) of Revenues & Other Financing Sources Over Expenditures & Other Uses 35,876 215,510 (73,569) 50,329 (48,485)

Fund Balance Adjustments (8,604)

Fund Balance Beginning of Year 1,124,416 1,151,688 1,367,198 1,293,629 1,343,958

Fund Balance End of Year $ 1,151,688 $ 1,367,198 $ 1,293,629 $ 1,343,958 $ 1,295,473

Source: Annual Financial Report Update Documents for the Town of Patterson (2013-2017)

NOTE: This Schedule NOT audited.

A-2 BALANCE SHEET - HIGHWAY FUND

Fiscal Year Ended December 31:

Assets 2013 2014 2015 2016 2017

Cash $ 573,764 $ 886,772 $ 723,656 $ 833,322 $ 1,027,364 Accounts Receivable 953 7,200 577 8,193 Prepaid Expenditures 44,796 43,544 43,110 34,036 36,528

Total Assets $ 618,560 $ 931,269 $ 773,966 $ 867,935 $ 1,072,085

Liabilities

Accounts Payable $ 53,980 $ 43,365 $ 58,072 $ 36,620 $ 104,183

Total Liabilities 53,980 43,365 58,072 36,620 104,183

Fund Equity Fund Balance: Nonspendable 44,796 43,544 43,110 34,036 36,528 Assigned - Appropriated 13,125 264,000 50,000 82,000 400,714 Assigned - Unappropriated 506,659 580,360 622,784 715,279 530,660 Total Fund Equity 564,580 887,904 715,894 831,315 967,902

Total Liabilities and Fund Equity $ 618,560 $ 931,269 $ 773,966 $ 867,935 $ 1,072,085

Source: Annual Financial Report Update Documents for the Town of Patterson (2013-2017)

NOTE: This Schedule NOT audited

A-3 Statement of Revenues, Expenditures and Fund Balances Highway Fund

Fiscal Year Ending December 31:

2013 2014 2015 2016 2017 Revenues: Real Property Taxes $ 2,671,272 $ 2,724,679 $ 2,764,290 $ 2,841,563 $ 2,870,254 Departmental Income 1,913 1,000 1,000 9,300 Intergovernmental Charges 256,171 Use of Money and Property 2,974 3,049 2,835 2,947 2,984 Licenses and Permits 1,125 275 75 Sale of Property & Compensation for Loss 83,906 55,002 60,361 2,963 111,572 Miscellaneous 17,120 17,909 1,562 Interfund Revenues 40,473 31,494 26,792 18,227 24,776 State & County Aid 137,579 216,396 158,808 166,222 191,688

Total Revenues 2,953,324 3,307,738 3,014,361 3,032,922 3,212,211

Expenditures: General Government Support 61,448 57,578 60,900 63,296 65,711 Road Maintenance 1,244,558 1,457,267 951,839 915,144 959,887 Improvements 66,041 416,074 510,136 496,096 Machinery 292,741 475,381 741,959 371,268 296,784 Snow and Miscellaneous 355,941 344,972 420,572 359,353 443,855 Employee Benefits 544,998 532,481 551,279 608,416 644,033 Debt Service 115,389 116,735 43,748 89,888 83,392

Total Expenditures 2,681,116 2,984,414 3,186,371 2,917,501 2,989,758

Other Financing Sources (Uses): Proceeds From: Operating Transfers In Operating Transfers Out -85,866

Total Other Financing Sources (Uses) -85,866

Excess (Deficiency) of Revenues & Other Financing Sources Over Expenditures & Other Uses 272,208 323,324 (172,010) 115,421 136,587

Fund Balance Adjustments

Fund Balance Beginning of Year 292,372 564,580 887,904 715,894 831,315

Transfers of Fund Balance Residual Equity Transfer - Risk Retention

Fund Balance End of Year $ 564,580 $ 887,904 $ 715,894 $ 831,315 $ 967,902

Source: Annual Financial Report Update Documents for the Town of Patterson (2013-2017)

NOTE: This Schedule NOT audited.

A-4 CHANGES IN REMAINING FUND BALANCES

Fiscal Year Ended December 31:

2013 2014 2015 2016 2017

FIRE PROTECTION

Beginning Balance $ 137,399 $ 90,386 $ 53,840 $ 28,180 $ 107,532 Revenues 1,384,002 1,426,633 1,503,530 1,481,736 1,504,653 Expenditures 1,431,015 1,463,179 1,529,190 1,402,384 1,475,138 Adjustments Ending Balance 90,386 53,840 28,180 107,532 137,047

REFUSE & GARBAGE

Beginning Balance $ 445,484 $ 419,334 $ 349,400 $ 485,643 $ 598,277 Revenues 1,268,578 1,248,176 1,278,047 1,299,764 1,274,355 Expenditures 1,294,728 1,318,110 1,141,804 1,187,130 1,249,855 Adjustments Ending Balance 419,334 349,400 485,643 598,277 622,777

CONSOLIDATED LIGHTING

Beginning Balance $ 30,267 $ 29,089 $ 25,145 $ 22,928 $ 17,875 Revenues 41,301 41,409 41,997 42,194 42,132 Expenditures 42,479 45,353 44,214 47,247 49,918 Adjustments Ending Balance 29,089 25,145 22,928 17,875 10,089

LIBRARY

Beginning Balance $ 6,198 $ 6,094 $ 6,480 $ 6,209 $ 5,523 Revenues 606,243 738,462 737,404 737,282 873,618 Expenditures 606,347 738,076 737,675 737,968 875,306 Adjustments Ending Balance 6,094 6,480 6,209 5,523 3,835

CONSOLIDATED PARKS

Beginning Balance $ -23,693 $ 79,638 $ 172,602 $ 197,107 $ 168,964 Revenues 251,460 373,832 257,545 258,883 262,464 Expenditures 156,733 280,868 233,040 287,026 247,149 Adjustments 8,604 Ending Balance 79,638 172,602 197,107 168,964 184,279

Continued on following page.

A-5 CHANGES IN REMAINING FUND BALANCES (Continued)

CAPITAL FUND

Beginning Balance $ 1,419,544 $ 341,290 $ 289,290 $ -166,035 $ 262,742 Revenues 2,056 98,511 402 448,801 406,252 Expenditures 1,080,310 150,511 455,727 20,024 536,047 Ending Balance 341,290 289,290 (166,035) 262,742 132,947

CONSOLIDATED DRAINAGE

Beginning Balance $ 50,865 $ 52,154 $ 53,409 $ 54,709 $ 56,010 Revenues 2,153 2,175 2,170 2,172 2,172 Expenditures 864 920 870 871 871 Ending Balance 52,154 53,409 54,709 56,010 57,311

CONSOLIDATED WATER

Beginning Balance $ 90,356 $ 110,071 $ 139,527 $ 130,152 $ 142,119 Revenues 124,194 119,840 129,286 124,811 122,154 Expenditures 104,479 90,384 138,661 112,844 91,450 Ending Balance 110,071 139,527 130,152 142,119 172,823

CONSOLIDATED SEWER

Beginning Balance $ 464,706 $ 527,582 $ 509,015 $ 508,409 $ 542,678 Revenues 451,704 378,063 383,357 424,501 338,282 Expenditures 388,828 396,630 383,963 390,232 429,248 Ending Balance 527,582 509,015 508,409 542,678 451,712

ROAD IMPROVEMENT

Beginning Balance $ 0 $ 0 $ 5,190 $ 4,408 $ 2,922 Revenues 15,020 14,018 13,013 12,724 Expenditures 9,830 14,800 14,500 14,225 Ending Balance 0 5,190 4,408 2,921 1,421

DEBT SERVICE

Beginning Balance $ 0 $ 857,690 $ 734,210 $ 654,038 $ 529,500 Revenues 2,531,652 1,410 1,169 1,021 835 Expenditures 1,673,962 124,890 81,341 125,559 123,290 Ending Balance 857,690 734,210 654,038 529,500 407,045

Source: Annual Financial Report Update Documents for the Town of Patterson (2013-2017) Note: This Schedule is NOT audited

A-6 Budget Summaries

Fiscal Year Ending December 31, 2017

Less Less Amount Estimated Unexpended To Be Raised Appropriations Revenues Balance By Tax

General Fund $ 4,125,568 $ 1,504,380 $ 165,000 $ 2,456,188 Highway Fund 3,160,004 207,750 82,000 2,870,254 Special Districts: Putnam Lake Fire Protection 516,150 250 0 515,900 Patterson Fire Protection 988,502 500 0 988,002 Patterson Sewer 409,557 157,146 20,000 232,411 Capital Fund 10,000 0 10,000 0 Patterson Library 874,083 0 500 873,583 Putnam Lake Lighting 22,075 50 3,700 18,325 Patterson Lighting 25,025 25 1,250 23,750 Putnam Lake Refuse 216,250 450 0 215,800 Patterson Refuse 1,035,500 37,700 0 997,800 Dorset Hollow Drainage 2,300 50 2,250 0 Deerwood Drainage 2,100 15 0 2,085 Quail Ridge Road Impr. District 14,225 15 1,500 12,710 Patterson Park 112,120 3,520 0 108,600 Putnam Lake Park 152,820 17,820 5,000 130,000 Alpine Water 36,625 25 0 36,600 Dorset Hollow Water 27,405 55 0 27,350 Fox Run Water 57,918 58 0 57,860 Debt Service Fund 123,290 790 122,500 0

Totals $ 11,911,517 $ 1,930,599 $ 413,700 $ 9,567,218

Source: Adopted Budget of the Town

A-7 Budget Summaries

Fiscal Year Ending December 31, 2018

Less Less Amount Estimated Unexpended To Be Raised Appropriations Revenues Balance By Tax

General Fund $ 4,430,697 $ 1,899,653 $ 40,000 $ 2,491,044 Highway Fund 3,495,277 231,100 350,000 2,914,177 Special Districts: Putnam Lake Fire Protection 538,600 250 7,150 531,200 Patterson Fire Protection 994,814 500 0 994,314 Patterson Sewer 440,024 170,200 35,000 234,824 Capital Fund 10,000 0 10,000 0 Patterson Library 874,083 0 500 873,583 Putnam Lake Lighting 22,000 25 3,300 18,675 Patterson Lighting 25,050 25 0 25,025 Putnam Lake Refuse 216,300 450 0 215,850 Patterson Refuse 1,055,854 39,500 0 1,016,354 Dorset Hollow Drainage 2,300 50 1,250 1,000 Deerwood Drainage 2,100 15 0 2,085 Quail Ridge Road Impr. District 13,950 0 1,300 12,650 Patterson Park 115,346 5,970 700 108,676 Putnam Lake Park 163,255 17,800 15,000 130,455 Alpine Water 37,085 85 0 37,000 Dorset Hollow Water 27,650 100 0 27,550 Fox Run Water 58,355 80 0 58,275 Debt Service Fund 121,022 1,022 120,000 0

Totals $ 12,643,762 $ 2,366,825 $ 584,200 $ 9,692,737

Source: Adopted Budget of the Town

A-8

TOWN OF PATTERSON

APPENDIX B

ANNUAL FINANCIAL REPORT UPDATE DOUCMENT FOR THE FISCAL YEAR ENDED DECEMBER 31, 2017

NOTE: SUCH FINANCIAL REPORT AND OPINIONS WERE PREPARED AS OF THE DATE THEREOF AND HAVE NOT BEEN REVIEWED AND/OR UPDATED IN CONNECTION WITH THE PREPARATION AND DISSEMINATION OF THIS OFFICIAL STATEMENT. CONSENT OF THE AUDITORS HAS NOT BEEN REQUESTED OR OBTAINED.

All Numbers in This Report Have Been Rounded To The Nearest Dollar

ANNUAL FINANCIAL REPORT

UPDATE DOCUMENT

For The

TOWN of Patterson

County of Putnam

For the Fiscal Year Ended 12/31/2017

*************************************************************************************************************************************

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 Patterson

*** 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 2016 and has been used by the OSC as the basis for preparing this update document for the fiscal year ended 2017:

(A) GENERAL (CM) MISCELLANEOUS SPECIAL REV (DA) HIGHWAY-TOWN-WIDE (H) CAPITAL PROJECTS (K) GENERAL FIXED ASSETS (L) LIBRARY (SD) DRAINAGE (SF) FIRE PROTECTION (SL) LIGHTING (SM) MISCELLANEOUS (SP) PARK (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 2016 represent data filed by your government with OSC as reviewed and adjusted where necessary.

*** SUPPLEMENTAL SECTION ***

The Supplemental Section includes the following sections:

1) Statement of Indebtedness 2) Schedule of Time Deposits and Investments 3) Bank Reconciliation 4) Local Government Questionnaire 5) Schedule of Employee and Retiree Benefits 6) Schedule of Energy Costs and Consumption 7) Schedule of Other Post Employment Benefits (OPEB) All numbers in this report will be rounded to the nearest dollar.

Page 2 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(A) GENERAL Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 1,310,621 A200 1,198,355 Petty Cash 1,700 A210 1,800 TOTAL Cash 1,312,321 1,200,155 Accounts Receivable 38,926 A380 90,762 TOTAL Other Receivables (net) 38,926 90,762 Due From Other Funds 1,245 A391 4,439 TOTAL Due From Other Funds 1,245 4,439 Prepaid Expenses 65,729 A480 62,665 TOTAL Prepaid Expenses 65,729 62,665 Cash Special Reserves A230 TOTAL Restricted Assets 00 TOTAL Assets and Deferred Outflows of Resources 1,418,221 1,358,021

Page 3 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(A) GENERAL

Balance Sheet Code Description 2016 EdpCode 2017 Accounts Payable 67,657 A600 49,462 TOTAL Accounts Payable 67,657 49,462 Overpayments & Clearing Account 6,520 A690 13,001 TOTAL Other Liabilities 6,520 13,001 Due To Other Funds 85 A630 85 TOTAL Due To Other Funds 85 85 TOTAL Liabilities 74,262 62,548 Fund Balance Not in Spendable Form 65,729 A806 62,665 TOTAL Nonspendable Fund Balance 65,729 62,665 Capital Reserve A878 TOTAL Restricted Fund Balance 0 0 Assigned Appropriated Fund Balance 165,000 A914 40,000 TOTAL Assigned Fund Balance 165,000 40,000 Unassigned Fund Balance 1,113,229 A917 1,192,808 TOTAL Unassigned Fund Balance 1,113,229 1,192,808 TOTAL Fund Balance 1,343,958 1,295,473 TOTAL Liabilities, Deferred Inflows And Fund Balance 1,418,220 1,358,021

Page 4 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(A) GENERAL

Results of Operation Code Description 2016 EdpCode 2017 Revenues Real Property Taxes 2,400,941 A1001 2,456,189 TOTAL Real Property Taxes 2,400,941 2,456,189 Other Payments In Lieu of Taxes A1081 Interest & Penalties On Real Prop Taxes 23,893 A1090 23,124 TOTAL Real Property Tax Items 23,893 23,124 Franchises 200,317 A1170 213,202 TOTAL Non Property Tax Items 200,317 213,202 Tax Collector Fees 7,356 A1232 8,058 Clerk Fees 4,694 A1255 3,412 Safety Inspection Fees 158,660 A1560 131,642 Charges For Demolition of Unsafe Buildings A1570 Ambulance Charges A1640 226,255 Park And Recreational Charges 287,114 A2001 282,539 Zoning Fees 6,625 A2110 9,700 Planning Board Fees 29,898 A2115 24,755 TOTAL Departmental Income 494,347 686,361 General Services, Inter Government 44,000 A2210 45,000 Misc Revenue, Other Govts 1,750 A2389 1,800 TOTAL Intergovernmental Charges 45,750 46,800 Interest And Earnings 3,762 A2401 3,715 Rental of Real Property 10,600 A2410 10,609 TOTAL Use of Money And Property 14,362 14,324 Games of Chance A2530 40 Dog Licenses 2,089 A2544 2,370 Permits, Other 24,337 A2590 25,706 TOTAL Licenses And Permits 26,426 28,116 Fines And Forfeited Bail 293,383 A2610 334,703 TOTAL Fines And Forfeitures 293,383 334,703 Sales of Refuse For Recycling 1,383 A2651 1,832 Sales, Other 961 A2655 820 Sales of Equipment A2665 Insurance Recoveries 1,292 A2680 Other Compensation For Loss A2690 10,000 TOTAL Sale of Property And Compensation For Loss 3,636 12,652 Refunds of Prior Year's Expenditures 1,439 A2701 3,053 Unclassified (specify) 334 A2770 1,126 TOTAL Miscellaneous Local Sources 1,773 4,179 Interfund Revenues 28,131 A2801 30,249 TOTAL Interfund Revenues 28,131 30,249 St Aid, Revenue Sharing 31,779 A3001 31,779 St Aid, Mortgage Tax 183,018 A3005 199,392 St Aid, Real Property Tax Administration 17,310 A3040 ST. Aid, Records MgmT. A3060 8,575 St Aid - Other (specify) 630 A3089 12,087 Additional Description OSC JCAP Grant

Page 5 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(A) GENERAL

Results of Operation Code Description 2016 EdpCode 2017 Revenues St Aid, Youth Programs A3820 1,355 St Aid, Conservation Programs 101 A3910 TOTAL State Aid 232,838 253,188 TOTAL Revenues 3,765,797 4,103,087

TOTAL Detail Revenues And Other Sources 3,765,797 4,103,087

Page 6 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(A) GENERAL

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Legislative Board, Pers Serv 77,740 A10101 136,408 Legislative Board, Contr Expend 8,569 A10104 9,016 TOTAL Legislative Board 86,309 145,424 Municipal Court, Pers Serv 174,249 A11101 173,308 Municipal Court, Equip & Cap Outlay A11102 12,087 Municipal Court, Contr Expend 9,930 A11104 9,125 TOTAL Municipal Court 184,179 194,520 Supervisor,pers Serv 144,046 A12201 87,490 Supervisor,equip & Cap Outlay A12202 Supervisor,contr Expend 1,091 A12204 1,068 TOTAL Supervisor 145,137 88,558 Comptroller,pers Serv 127,351 A13151 130,884 Comptroller, Equip & Cap Outlay 863 A13152 Comptroller, Contr Expend 8,447 A13154 7,556 TOTAL Comptroller 136,661 138,440 Auditor, Contr Expend 18,600 A13204 17,500 TOTAL Auditor 18,600 17,500 Tax Collection,pers Serv 63,135 A13301 64,048 Tax Collection,equip & Cap Outlay A13302 Tax Collection,contr Expend 2,880 A13304 3,260 TOTAL Tax Collection 66,015 67,308 Budget, Pers Serv 4,966 A13401 4,966 TOTAL Budget 4,966 4,966 Assessment, Pers Serv 227,213 A13551 230,322 Assessment, Equip & Cap Outlay A13552 Assessment, Contr Expend 12,081 A13554 10,739 TOTAL Assessment 239,294 241,061 Clerk,pers Serv 135,242 A14101 140,052 Clerk,contr Expend 4,625 A14104 2,822 TOTAL Clerk 139,867 142,874 Law, Contr Expend 214,601 A14204 218,952 TOTAL Law 214,601 218,952 Engineer, Contr Expend 12,812 A14404 18,939 TOTAL Engineer 12,812 18,939 Records Mgmt, Contr Expend 10,258 A14604 10,841 TOTAL Records Mgmt 10,258 10,841 Buildings, Pers Serv 69,666 A16201 85,565 Buildings, Equip & Cap Outlay 5,389 A16202 12,500 Buildings, Contr Expend 197,181 A16204 198,774 TOTAL Buildings 272,236 296,839 Central Print & Mail, Equip & Cap Outlay 6,172 A16702 6,172 Central Print & Mail,contr Expend 17,287 A16704 18,229 TOTAL Central Print & Mail 23,459 24,401 Central Data Process & Cap Outlay 4,716 A16802 7,030

Page 7 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(A) GENERAL

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Central Data Process, Contr Expend 1,715 A16804 731 TOTAL Central Data Process 6,431 7,761 Unallocated Insurance, Contr Expend 70,709 A19104 72,726 TOTAL Unallocated Insurance 70,709 72,726 Municipal Assn Dues, Contr Expend 1,500 A19204 1,500 TOTAL Municipal Assn Dues 1,500 1,500 Judgements And Claims, Contr Expend 13,889 A19304 9,821 TOTAL Judgements And Claims 13,889 9,821 Pur of Land/right of Way,equip & Cap Out A19402 TOTAL Pur of Land/right of Way 00 Taxes & Assess On Munic Prop, Contr Expend 14,978 A19504 14,159 TOTAL Taxes & Assess On Munic Prop 14,978 14,159 Payment of Mta Payroll Tax,contr Expend 5,791 A19804 6,789 TOTAL Payment of Mta Payroll Tax 5,791 6,789 Other Gen Govt Support, Contr Expend 6,237 A19894 10,809 TOTAL Other Gen Govt Support 6,237 10,809 TOTAL General Government Support 1,673,929 1,734,188 Public Safety Admin, Pers Serv 1,560 A30101 1,586 TOTAL Public Safety Admin 1,560 1,586 Traffic Control, Contr Expen 2,555 A33104 611 TOTAL Traffic Control 2,555 611 Control of Animals, Pers Serv 16,933 A35101 16,420 Control of Animals, Contr Expend 8,736 A35104 7,962 TOTAL Control of Animals 25,669 24,382 Safety Inspection, Pers Serv 195,876 A36201 184,924 Safety Inspection, Equip & Cap Outlay A36202 Safety Inspection, Contr Expend 15,290 A36204 13,157 TOTAL Safety Inspection 211,166 198,081 TOTAL Public Safety 240,950 224,660 Registrar of Vital Statistics, Pers Serv 3,458 A40201 3,458 TOTAL Registrar of Vital Statistics 3,458 3,458 Ambulance, Pers Serv A45401 252,270 Ambulance, Equip & Cap Outlay A45402 195,233 Ambulance, Contr Expend 237,258 A45404 145,272 TOTAL Ambulance 237,258 592,775 TOTAL Health 240,716 596,233 Street Admin, Pers Serv 144,097 A50101 147,755 Street Admin, Equip & Cap Outlay A50102 Street Admin, Contr Expend 260 A50104 649 TOTAL Street Admin 144,357 148,404 Snow Removal, Contr Expend 16,375 A51424 19,300 TOTAL Snow Removal 16,375 19,300 TOTAL Transportation 160,732 167,704

Page 8 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(A) GENERAL

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Programs For Aging, Contr Expend 12,833 A67724 12,745 TOTAL Programs For Aging 12,833 12,745 TOTAL Economic Assistance And Opportunity 12,833 12,745 Parks, Pers Serv 377 A71101 300 Parks, Contr Expend 4,593 A71104 7,649 TOTAL Parks 4,970 7,949 Playgr & Rec Centers, Pers Serv 234,647 A71401 263,981 Playgr & Rec Centers, Equip & Cap Outlay 1,130 A71402 Playgr & Rec Centers, Contr Expend 80,161 A71404 76,530 TOTAL Playgr & Rec Centers 315,938 340,511 Museum - Art Gallery, Contr Expend 1,606 A74504 1,780 TOTAL Museum - Art Gallery 1,606 1,780 Historian, Contr Expend 114 A75104 154 TOTAL Historian 114 154 Celebrations, Contr Expend 1,549 A75504 1,179 TOTAL Celebrations 1,549 1,179 TOTAL Culture And Recreation 324,177 351,573 Zoning, Pers Serv 6,447 A80101 8,302 TOTAL Zoning 6,447 8,302 Planning, Pers Serv 100,231 A80201 93,432 Planning, Contr Expend 2,997 A80204 3,718 TOTAL Planning 103,228 97,150 Environmental Control, Pers Serv 9,993 A80901 9,494 Environmental Control, Contr Expend 1,058 A80904 154 TOTAL Environmental Control 11,051 9,648 Refuse & Garbage, Pers Serv 14,854 A81601 15,405 Refuse & Garbage, Contr Expend 42,731 A81604 42,385 TOTAL Refuse & Garbage 57,585 57,790 Comm Beautification, Contr Expend A85104 TOTAL Comm Beautification 00 Cemetery, Contr Expend 3,500 A88104 3,600 TOTAL Cemetery 3,500 3,600 TOTAL Home And Community Services 181,811 176,490 State Retirement System 262,279 A90108 214,203 Social Security, Employer Cont 130,330 A90308 152,794 Worker's Compensation, Empl Bnfts 41,567 A90408 61,099 Unemployment Insurance, Empl Bnfts 5,709 A90508 26 Disability Insurance, Empl Bnfts 3,865 A90558 4,270 Hospital & Medical (dental) Ins, Empl Bnft 296,692 A90608 322,017

TOTAL Employee Benefits 740,442 754,409 Debt Principal, Serial Bonds 104,000 A97106 120,000 Debt Principal, Bond Anticipation Notes 20,000 A97306

TOTAL Debt Principal 124,000 120,000 Page 9 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(A) GENERAL

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Debt Interest, Serial Bonds 14,592 A97107 13,570 Debt Interest, Bond Anticipation Notes 1,286 A97307

TOTAL Debt Interest 15,878 13,570 TOTAL Expenditures 3,715,468 4,151,572 TOTAL Detail Expenditures And Other Uses 3,715,468 4,151,572

Page 10 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(A) GENERAL Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 1,293,629 A8021 1,343,958 Restated Fund Balance - Beg of Year 1,293,629 A8022 1,343,958 ADD - REVENUES AND OTHER SOURCES 3,765,797 4,103,087 DEDUCT - EXPENDITURES AND OTHER USES 3,715,468 4,151,572 Fund Balance - End of Year 1,343,958 A8029 1,295,473

Page 11 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(A) GENERAL

Budget Summary Code Description 2017 EdpCode 2018 Estimated Revenues Est Rev - Real Property Taxes 2,456,188 A1049N 2,491,044 Est Rev - Real Property Tax Items 27,000 A1099N 25,000 Est Rev - Non Property Tax Items 210,000 A1199N 215,000 Est Rev - Departmental Income 531,700 A1299N 908,200 Est Rev - Intergovernmental Charges 46,800 A2399N 47,775 Est Rev - Use of Money And Property 15,150 A2499N 15,175 Est Rev - Licenses And Permits 26,500 A2599N 27,100 Est Rev - Fines And Forfeitures 360,000 A2649N 380,000 Est Rev - Sale of Prop And Comp For Loss 3,500 A2699N 2,900 Est Rev - Miscellaneous Local Sources 7,100 A2799N 2,300 Est Rev - Interfund Revenues 42,975 A2801N 38,275 Est Rev - State Aid 233,655 A3099N 237,928 TOTAL Estimated Revenues 3,960,568 4,390,697 Appropriated Fund Balance 165,000 A599N 40,000 TOTAL Estimated Other Sources 165,000 40,000 TOTAL Estimated Revenues And Other Sources 4,125,568 4,430,697

Page 12 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(A) GENERAL

Budget Summary Code Description 2017 EdpCode 2018 Appropriations App - General Government Support 1,827,366 A1999N 1,898,465 App - Public Safety 257,082 A3999N 245,194 App - Health 343,458 A4999N 451,423 App - Transportation 163,983 A5999N 171,992 App - Economic Assistance And Opportunity 18,500 A6999N 11,000 App - Culture And Recreation 387,420 A7999N 426,932 App - Home And Community Services 190,288 A8999N 201,260 App - Employee Benefits 803,900 A9199N 895,980 App - Debt Service 133,571 A9899N 128,451 TOTAL Appropriations 4,125,568 4,430,697 TOTAL Appropriations And Other Uses 4,125,568 4,430,697

Page 13 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(CM) MISCELLANEOUS SPECIAL REV Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 4,510 CM200 4,517 TOTAL Cash 4,510 4,517 TOTAL Assets and Deferred Outflows of Resources 4,510 4,517

Page 14 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(CM) MISCELLANEOUS SPECIAL REV

Balance Sheet Code Description 2016 EdpCode 2017 Fund Balance Assigned Unappropriated Fund Balance 4,510 CM915 4,517 TOTAL Assigned Fund Balance 4,510 4,517 TOTAL Fund Balance 4,510 4,517 TOTAL Liabilities, Deferred Inflows And Fund Balance 4,510 4,517

Page 15 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(CM) MISCELLANEOUS SPECIAL REV

Results of Operation Code Description 2016 EdpCode 2017 Revenues Other Home & Community Service Income CM2189 TOTAL Departmental Income 00 Interest And Earnings 6 CM2401 7 TOTAL Use of Money And Property 6 7 TOTAL Revenues 67

TOTAL Detail Revenues And Other Sources 6 7

Page 16 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

Results of Operation Code Description 2016 EdpCode 2017

Page 17 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(CM) MISCELLANEOUS SPECIAL REV Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 4,504 CM8021 4,510 Restated Fund Balance - Beg of Year 4,504 CM8022 4,510 ADD - REVENUES AND OTHER SOURCES 67 Fund Balance - End of Year 4,510 CM8029 4,517

Page 18 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(DA) HIGHWAY-TOWN-WIDE Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 833,322 DA200 1,027,364 TOTAL Cash 833,322 1,027,364 Accounts Receivable 577 DA380 8,193 TOTAL Other Receivables (net) 577 8,193 Prepaid Expenses 34,036 DA480 36,528 TOTAL Prepaid Expenses 34,036 36,528 TOTAL Assets and Deferred Outflows of Resources 867,935 1,072,085

Page 19 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(DA) HIGHWAY-TOWN-WIDE

Balance Sheet Code Description 2016 EdpCode 2017 Accounts Payable 36,620 DA600 104,183 TOTAL Accounts Payable 36,620 104,183 TOTAL Liabilities 36,620 104,183 Fund Balance Not in Spendable Form 34,036 DA806 36,528 TOTAL Nonspendable Fund Balance 34,036 36,528 Assigned Appropriated Fund Balance 82,000 DA914 400,714 Assigned Unappropriated Fund Balance 715,279 DA915 530,660 TOTAL Assigned Fund Balance 797,279 931,374 TOTAL Fund Balance 831,315 967,902 TOTAL Liabilities, Deferred Inflows And Fund Balance 867,935 1,072,085

Page 20 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(DA) HIGHWAY-TOWN-WIDE

Results of Operation Code Description 2016 EdpCode 2017 Revenues Real Property Taxes 2,841,563 DA1001 2,870,254 TOTAL Real Property Taxes 2,841,563 2,870,254 Other Transportation Departmental Income 1,000 DA1789 9,300 TOTAL Departmental Income 1,000 9,300 Interest And Earnings 2,947 DA2401 2,984 TOTAL Use of Money And Property 2,947 2,984 Permits, Other DA2590 75 TOTAL Licenses And Permits 075 Sales of Scrap & Excess Materials 782 DA2650 3,160 Sales of Equipment 2,181 DA2665 98,837 Insurance Recoveries DA2680 9,575 TOTAL Sale of Property And Compensation For Loss 2,963 111,572 Refunds of Prior Year's Expenditures DA2701 1,562 TOTAL Miscellaneous Local Sources 0 1,562 Interfund Revenues 18,227 DA2801 24,776 TOTAL Interfund Revenues 18,227 24,776 St Aid, Consolidated Highway Aid 166,222 DA3501 191,688 TOTAL State Aid 166,222 191,688 TOTAL Revenues 3,032,922 3,212,211

TOTAL Detail Revenues And Other Sources 3,032,922 3,212,211

Page 21 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(DA) HIGHWAY-TOWN-WIDE

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Unallocated Insurance, Contr Expend 60,377 DA19104 62,680 TOTAL Unallocated Insurance 60,377 62,680 Judgements And Claims, Contr Expend DA19304 TOTAL Judgements And Claims 00 Payment of Mta Payroll Tax, Contr Expend 2,919 DA19804 3,031 TOTAL Payment of Mta Payroll Tax 2,919 3,031 TOTAL General Government Support 63,296 65,711 Street Admin, Contr Expend 406 DA50104 TOTAL Street Admin 406 0 Maint of Streets, Pers Serv 794,336 DA51101 825,810 Maint of Streets, Equip & Cap Outlay DA51102 14,527 Maint of Streets, Contr Expend 120,808 DA51104 119,550 TOTAL Maint of Streets 915,144 959,887 Perm Improve Highway, Equip & Cap Outlay 510,136 DA51122 496,096 TOTAL Perm Improve Highway 510,136 496,096 Machinery, Equip & Cap Outlay 140,970 DA51302 42,376 Machinery, Contr Expend 230,298 DA51304 254,408 TOTAL Machinery 371,268 296,784 Brush And Weeds, Contr Expend 26,772 DA51404 31,893 TOTAL Brush And Weeds 26,772 31,893 Snow Removal, Pers Serv 97,394 DA51421 102,001 Snow Removal, Contr Expend 234,781 DA51424 309,961 TOTAL Snow Removal 332,175 411,962 TOTAL Transportation 2,155,901 2,196,622 State Retirement, Empl Bnfts 133,955 DA90108 149,836 Social Security , Empl Bnfts 65,679 DA90308 68,176 Worker's Compensation, Empl Bnfts 87,175 DA90408 78,554 Unemployment Insurance, Empl Bnfts DA90508 26 Disability Insurance, Empl Bnfts 377 DA90558 374 Hospital & Medical (dental) Ins, Empl Bnft 315,013 DA90608 341,685 Union Welfare Benefits 6,217 DA90708 5,382

TOTAL Employee Benefits 608,416 644,033 Debt Principal, Serial Bonds 34,000 DA97106 74,000 Debt Principal, Bond Anticipation Notes 45,000 DA97306

TOTAL Debt Principal 79,000 74,000 Debt Interest, Serial Bonds 8,058 DA97107 9,392 Debt Interest, Bond Anticipation Notes 2,830 DA97307

TOTAL Debt Interest 10,888 9,392 TOTAL Expenditures 2,917,501 2,989,758

Page 22 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(DA) HIGHWAY-TOWN-WIDE

Results of Operation Code Description 2016 EdpCode 2017 Other Uses Transfers, Capital Projects Fund DA99509 85,866

TOTAL Operating Transfers 085,866 TOTAL Other Uses 085,866 TOTAL Detail Expenditures And Other Uses 2,917,501 3,075,624

Page 23 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(DA) HIGHWAY-TOWN-WIDE Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 715,894 DA8021 831,315 Restated Fund Balance - Beg of Year 715,894 DA8022 831,315 ADD - REVENUES AND OTHER SOURCES 3,032,922 3,212,211 DEDUCT - EXPENDITURES AND OTHER USES 2,917,501 3,075,624 Fund Balance - End of Year 831,315 DA8029 967,902

Page 24 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(DA) HIGHWAY-TOWN-WIDE

Budget Summary Code Description 2017 EdpCode 2018 Estimated Revenues Est Rev - Real Property Taxes 2,870,254 DA1049N 2,914,177 Est Rev - Departmental Income 1,000 DA1299N 9,600 Est Rev - Use of Money And Property 2,750 DA2499N 2,500 Est Rev - Sale of Prop And Comp For Loss 7,000 DA2699N 7,000 Est Rev - Miscellaneous Local Sources 1,000 DA2799N 1,000 Est Rev - Interfund Revenues 30,000 DA2801N 20,000 Est Rev - State Aid 166,000 DA3099N 191,000 TOTAL Estimated Revenues 3,078,004 3,145,277 Appropriated Fund Balance 82,000 DA599N 350,000 TOTAL Estimated Other Sources 82,000 350,000 TOTAL Estimated Revenues And Other Sources 3,160,004 3,495,277

Page 25 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(DA) HIGHWAY-TOWN-WIDE

Budget Summary Code Description 2017 EdpCode 2018 Appropriations App - Transportation 2,356,001 DA5999N 2,678,910 App - Employee Benefits 686,860 DA9199N 702,270 App - Debt Service 117,143 DA9899N 114,097 TOTAL Appropriations 3,160,004 3,495,277 TOTAL Appropriations And Other Uses 3,160,004 3,495,277

Page 26 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(H) CAPITAL PROJECTS Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 239,526 H200 108,644 TOTAL Cash 239,526 108,644 Cash Special Reserves 24,262 H230 24,303 TOTAL Restricted Assets 24,262 24,303 TOTAL Assets and Deferred Outflows of Resources 263,788 132,947

Page 27 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(H) CAPITAL PROJECTS

Balance Sheet Code Description 2016 EdpCode 2017 Accounts Payable 1,046 H600 TOTAL Accounts Payable 1,046 0 Bond Anticipation Notes Payable H626 TOTAL Notes Payable 0 0 TOTAL Liabilities 1,046 0 Fund Balance Capital Reserve 24,262 H878 24,303 TOTAL Restricted Fund Balance 24,262 24,303 Assigned Appropriated Fund Balance 10,000 H914 30,341 Assigned Unappropriated Fund Balance 228,480 H915 78,303 TOTAL Assigned Fund Balance 238,480 108,644 TOTAL Fund Balance 262,742 132,947 TOTAL Liabilities, Deferred Inflows And Fund Balance 263,788 132,947

Page 28 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(H) CAPITAL PROJECTS

Results of Operation Code Description 2016 EdpCode 2017 Revenues Interest And Earnings 301 H2401 392 TOTAL Use of Money And Property 301 392 Other Compensation For Loss 3,500 H2690 TOTAL Sale of Property And Compensation For Loss 3,500 0 St Aid-Capital Projects 150,000 H3097 TOTAL State Aid 150,000 0 TOTAL Revenues 153,801 392 Interfund Transfers H5031 205,860 TOTAL Interfund Transfers 0 205,860 Serial Bonds 230,000 H5710 200,000 Bans Redeemed From Appropriations 65,000 H5731 TOTAL Proceeds of Obligations 295,000 200,000 TOTAL Other Sources 295,000 405,860

TOTAL Detail Revenues And Other Sources 448,801 406,252

Page 29 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(H) CAPITAL PROJECTS

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Buildings, Equip & Cap Outlay H16202 6,971 TOTAL Buildings 06,971 TOTAL General Government Support 0 6,971 Ambulance, Equip & Cap Outlay H45402 61,000 TOTAL Ambulance 061,000 TOTAL Health 061,000 Machinery, Equip & Cap Outlay H51302 185,857 TOTAL Machinery 0 185,857 Snow Removal, Equip & Cap Outlay 17,661 H51422 TOTAL Snow Removal 17,661 0 TOTAL Transportation 17,661 185,857 Sewage Treat Disp, Equip & Cap Outlay 2,013 H81302 TOTAL Sewage Treat Disp 2,013 0 Refuse & Garbage, Equip & Cap Outlay H81602 219,951 TOTAL Refuse & Garbage 0 219,951 Misc Home & Comm Serv, Equip & Cap Outlay 350 H89892 62,268 TOTAL Misc Home & Comm Serv 350 62,268 TOTAL Home And Community Services 2,363 282,219 TOTAL Expenditures 20,024 536,047 TOTAL Detail Expenditures And Other Uses 20,024 536,047

Page 30 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(H) CAPITAL PROJECTS Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year -166,035 H8021 262,742 Restated Fund Balance - Beg of Year -166,035 H8022 262,742 ADD - REVENUES AND OTHER SOURCES 448,801 406,252 DEDUCT - EXPENDITURES AND OTHER USES 20,024 536,047 Fund Balance - End of Year 262,742 H8029 132,947

Page 31 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(K) GENERAL FIXED ASSETS Balance Sheet Code Description 2016 EdpCode 2017 Assets Land 1,445,895 K101 1,445,895 Buildings 18,638,394 K102 18,638,394 Improvements Other Than Buildings 2,618,815 K103 2,736,651 Machinery And Equipment 4,247,704 K104 4,911,001 Infrastructure 3,071,206 K106 3,563,343 TOTAL Fixed Assets (net) 30,022,014 31,295,284 Deferred Outflows of Resources - Pensions 2,080,907 K496 Additional Description 0 TOTAL Deferred Outflows of Resources 2,080,907 0 TOTAL Assets and Deferred Outflows of Resources 32,102,921 31,295,284

Page 32 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(K) GENERAL FIXED ASSETS

Balance Sheet Code Description 2016 EdpCode 2017 Liabilities, Deferred Inflows And Fund Balance Total Non-Current Govt Assets 32,102,921 K159 31,295,284 TOTAL Investments in Non-Current Government Assets 32,102,921 31,295,284 TOTAL Fund Balance 32,102,921 31,295,284 TOTAL 32,102,921 31,295,284

Page 33 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(L) LIBRARY Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 5,642 L200 4,119 TOTAL Cash 5,642 4,119 TOTAL Assets and Deferred Outflows of Resources 5,642 4,119

Page 34 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(L) LIBRARY

Balance Sheet Code Description 2016 EdpCode 2017 Accounts Payable 119 L600 284 TOTAL Accounts Payable 119 284 TOTAL Liabilities 119 284 Fund Balance Assigned Appropriated Fund Balance 500 L914 500 Assigned Unappropriated Fund Balance 5,023 L915 3,335 TOTAL Assigned Fund Balance 5,523 3,835 TOTAL Fund Balance 5,523 3,835 TOTAL Liabilities, Deferred Inflows And Fund Balance 5,642 4,119

Page 35 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(L) LIBRARY

Results of Operation Code Description 2016 EdpCode 2017 Revenues Real Property Taxes 737,252 L1001 873,583 TOTAL Real Property Taxes 737,252 873,583 Other Payments In Lieu of Taxes L1081 TOTAL Real Property Tax Items 00 Interest And Earnings 30 L2401 35 TOTAL Use of Money And Property 30 35 TOTAL Revenues 737,282 873,618

TOTAL Detail Revenues And Other Sources 737,282 873,618

Page 36 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(L) LIBRARY

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Judgement And Claims, Contr Expend 316 L19304 1,723 TOTAL Judgement And Claims 316 1,723 TOTAL General Government Support 316 1,723 Library, Contr Expend 737,652 L74104 873,583 TOTAL Library 737,652 873,583 TOTAL Culture And Recreation 737,652 873,583 TOTAL Expenditures 737,968 875,306 TOTAL Detail Expenditures And Other Uses 737,968 875,306

Page 37 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(L) LIBRARY Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 6,209 L8021 5,523 Restated Fund Balance - Beg of Year 6,209 L8022 5,523 ADD - REVENUES AND OTHER SOURCES 737,282 873,618 DEDUCT - EXPENDITURES AND OTHER USES 737,968 875,306 Fund Balance - End of Year 5,523 L8029 3,835

Page 38 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SD) DRAINAGE Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 56,010 SD200 57,311 TOTAL Cash 56,010 57,311 TOTAL Assets and Deferred Outflows of Resources 56,010 57,311

Page 39 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SD) DRAINAGE

Balance Sheet Code Description 2016 EdpCode 2017 Fund Balance Assigned Appropriated Fund Balance 2,250 SD914 1,250 Assigned Unappropriated Fund Balance 53,760 SD915 56,061 TOTAL Assigned Fund Balance 56,010 57,311 TOTAL Fund Balance 56,010 57,311 TOTAL Liabilities, Deferred Inflows And Fund Balance 56,010 57,311

Page 40 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SD) DRAINAGE

Results of Operation Code Description 2016 EdpCode 2017 Revenues Real Property Taxes 2,085 SD1001 2,085 TOTAL Real Property Taxes 2,085 2,085 Interest And Earnings 87 SD2401 87 TOTAL Use of Money And Property 87 87 TOTAL Revenues 2,172 2,172

TOTAL Detail Revenues And Other Sources 2,172 2,172

Page 41 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SD) DRAINAGE

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Administration-Contractual 871 SD17104 871 TOTAL Administration-Contractual 871 871 TOTAL General Government Support 871 871 TOTAL Expenditures 871 871 TOTAL Detail Expenditures And Other Uses 871 871

Page 42 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SD) DRAINAGE Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 54,709 SD8021 56,010 Restated Fund Balance - Beg of Year 54,709 SD8022 56,010 ADD - REVENUES AND OTHER SOURCES 2,172 2,172 DEDUCT - EXPENDITURES AND OTHER USES 871 871 Fund Balance - End of Year 56,010 SD8029 57,311

Page 43 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SF) FIRE PROTECTION Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 107,765 SF200 137,453 TOTAL Cash 107,765 137,453 TOTAL Assets and Deferred Outflows of Resources 107,765 137,453

Page 44 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SF) FIRE PROTECTION

Balance Sheet Code Description 2016 EdpCode 2017 Accounts Payable 233 SF600 406 TOTAL Accounts Payable 233 406 TOTAL Liabilities 233 406 Fund Balance Assigned Appropriated Fund Balance SF914 7,150 Assigned Unappropriated Fund Balance 107,532 SF915 129,897 TOTAL Assigned Fund Balance 107,532 137,047 TOTAL Fund Balance 107,532 137,047 TOTAL Liabilities, Deferred Inflows And Fund Balance 107,765 137,453

Page 45 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SF) FIRE PROTECTION

Results of Operation Code Description 2016 EdpCode 2017 Revenues Real Property Taxes 1,480,919 SF1001 1,503,902 TOTAL Real Property Taxes 1,480,919 1,503,902 Interest And Earnings 817 SF2401 751 TOTAL Use of Money And Property 817 751 TOTAL Revenues 1,481,736 1,504,653

TOTAL Detail Revenues And Other Sources 1,481,736 1,504,653

Page 46 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SF) FIRE PROTECTION

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Judgements And Claims, Contr Expend 614 SF19304 3,008 TOTAL Judgements And Claims 614 3,008 TOTAL General Government Support 614 3,008 Fire, Equip & Cap Outlay 248,125 SF34102 236,927 Fire Protection, Contr Expend 868,775 SF34104 963,800 TOTAL Fire Protection 1,116,900 1,200,727 TOTAL Public Safety 1,116,900 1,200,727 Service Awards Program 189,686 SF90258 170,671 Worker's Compensation, Empl Bnfts 95,184 SF90408 100,732

TOTAL Employee Benefits 284,870 271,403 TOTAL Expenditures 1,402,384 1,475,138 TOTAL Detail Expenditures And Other Uses 1,402,384 1,475,138

Page 47 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SF) FIRE PROTECTION Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 28,180 SF8021 107,532 Restated Fund Balance - Beg of Year 28,180 SF8022 107,532 ADD - REVENUES AND OTHER SOURCES 1,481,736 1,504,653 DEDUCT - EXPENDITURES AND OTHER USES 1,402,384 1,475,138 Fund Balance - End of Year 107,532 SF8029 137,047

Page 48 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SL) LIGHTING Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 21,849 SL200 14,124 TOTAL Cash 21,849 14,124 TOTAL Assets and Deferred Outflows of Resources 21,849 14,124

Page 49 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SL) LIGHTING

Balance Sheet Code Description 2016 EdpCode 2017 Accounts Payable 3,974 SL600 4,035 TOTAL Accounts Payable 3,974 4,035 TOTAL Liabilities 3,974 4,035 Fund Balance Assigned Appropriated Fund Balance 4,950 SL914 3,300 Assigned Unappropriated Fund Balance 12,925 SL915 6,789 TOTAL Assigned Fund Balance 17,875 10,089 TOTAL Fund Balance 17,875 10,089 TOTAL Liabilities, Deferred Inflows And Fund Balance 21,849 14,124

Page 50 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SL) LIGHTING

Results of Operation Code Description 2016 EdpCode 2017 Revenues Real Property Taxes 42,130 SL1001 42,075 TOTAL Real Property Taxes 42,130 42,075 Interest And Earnings 64 SL2401 57 TOTAL Use of Money And Property 64 57 TOTAL Revenues 42,194 42,132

TOTAL Detail Revenues And Other Sources 42,194 42,132

Page 51 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SL) LIGHTING

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Judgements And Claims, Contr Expend 38 SL19304 13 TOTAL Judgements And Claims 38 13 TOTAL General Government Support 38 13 Street Lighting, Contr Expend 47,209 SL51824 49,905 TOTAL Street Lighting 47,209 49,905 TOTAL Transportation 47,209 49,905 TOTAL Expenditures 47,247 49,918 TOTAL Detail Expenditures And Other Uses 47,247 49,918

Page 52 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SL) LIGHTING Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 22,928 SL8021 17,875 Restated Fund Balance - Beg of Year 22,928 SL8022 17,875 ADD - REVENUES AND OTHER SOURCES 42,194 42,132 DEDUCT - EXPENDITURES AND OTHER USES 47,247 49,918 Fund Balance - End of Year 17,875 SL8029 10,089

Page 53 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SM) MISCELLANEOUS Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 2,921 SM200 1,421 TOTAL Cash 2,921 1,421 TOTAL Assets and Deferred Outflows of Resources 2,921 1,421

Page 54 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SM) MISCELLANEOUS

Balance Sheet Code Description 2016 EdpCode 2017 Fund Balance Assigned Appropriated Fund Balance 1,500 SM914 1,300 Assigned Unappropriated Fund Balance 1,421 SM915 121 TOTAL Assigned Fund Balance 2,921 1,421 TOTAL Fund Balance 2,921 1,421 TOTAL Liabilities, Deferred Inflows And Fund Balance 2,921 1,421

Page 55 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SM) MISCELLANEOUS

Results of Operation Code Description 2016 EdpCode 2017 Revenues Real Property Taxes 13,000 SM1001 12,710 TOTAL Real Property Taxes 13,000 12,710 Interest And Earnings 13 SM2401 14 TOTAL Use of Money And Property 13 14 TOTAL Revenues 13,013 12,724

TOTAL Detail Revenues And Other Sources 13,013 12,724

Page 56 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SM) MISCELLANEOUS

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Other Gen Govt Support, Contr Expend 450 SM19894 475 TOTAL Other Gen Govt Support 450 475 TOTAL General Government Support 450 475 Debt Principal, Serial Bonds 12,000 SM97106 12,000

TOTAL Debt Principal 12,000 12,000 Debt Interest, Serial Bonds 2,050 SM97107 1,750

TOTAL Debt Interest 2,050 1,750 TOTAL Expenditures 14,500 14,225 Transfers, Capital Projects Fund SM99509

TOTAL Operating Transfers 00 TOTAL Other Uses 00 TOTAL Detail Expenditures And Other Uses 14,500 14,225

Page 57 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SM) MISCELLANEOUS Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 4,408 SM8021 2,921 Prior Period Adj -Increase In Fund Balance SM8012 1 Restated Fund Balance - Beg of Year 4,408 SM8022 2,922 ADD - REVENUES AND OTHER SOURCES 13,013 12,724 DEDUCT - EXPENDITURES AND OTHER USES 14,500 14,225 Fund Balance - End of Year 2,921 SM8029 1,421

Page 58 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SP) PARK Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 173,239 SP200 192,474 TOTAL Cash 173,239 192,474 Accounts Receivable 25 SP380 333 TOTAL Other Receivables (net) 25 333 Prepaid Expenses 335 SP480 204 TOTAL Prepaid Expenses 335 204 Cash Special Reserves 179 SP230 179 TOTAL Restricted Assets 179 179 TOTAL Assets and Deferred Outflows of Resources 173,778 193,190

Page 59 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SP) PARK

Balance Sheet Code Description 2016 EdpCode 2017 Accounts Payable 4,814 SP600 8,911 TOTAL Accounts Payable 4,814 8,911 Bond Anticipation Notes Payable SP626 TOTAL Notes Payable 0 0 TOTAL Liabilities 4,814 8,911 Fund Balance Not in Spendable Form 335 SP806 204 TOTAL Nonspendable Fund Balance 335 204 Other Restricted Fund Balance 179 SP899 179 TOTAL Restricted Fund Balance 179 179 Assigned Appropriated Fund Balance 5,000 SP914 15,700 Assigned Unappropriated Fund Balance 163,450 SP915 168,196 TOTAL Assigned Fund Balance 168,450 183,896 TOTAL Fund Balance 168,964 184,279 TOTAL Liabilities, Deferred Inflows And Fund Balance 173,778 193,190

Page 60 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SP) PARK

Results of Operation Code Description 2016 EdpCode 2017 Revenues Real Property Taxes 236,479 SP1001 238,600 TOTAL Real Property Taxes 236,479 238,600 Park And Recreational Charges 21,055 SP2001 20,963 Special Recreational Facility Charges SP2025 2,098 TOTAL Departmental Income 21,055 23,061 Interest And Earnings 489 SP2401 452 TOTAL Use of Money And Property 489 452 Sales of Equipment SP2665 Insurance Recoveries 275 SP2680 250 TOTAL Sale of Property And Compensation For Loss 275 250 Refunds of Prior Year's Expenditures 125 SP2701 101 Gifts And Donations 460 SP2705 TOTAL Miscellaneous Local Sources 585 101 TOTAL Revenues 258,883 262,464 Serial Bonds SP5710 TOTAL Proceeds of Obligations 00 TOTAL Other Sources 00

TOTAL Detail Revenues And Other Sources 258,883 262,464

Page 61 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SP) PARK

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Unallocated Insurance, Contr Expend 6,800 SP19104 6,828 TOTAL Unallocated Insurance 6,800 6,828 Judgements And Claims, Contr Exp 63 SP19304 310 TOTAL Judgements And Claims 63 310 Payment of Mta Payroll Tax,contr Expend 198 SP19804 223 TOTAL Payment of Mta Payroll Tax 198 223 TOTAL General Government Support 7,061 7,361 Parks, Pers Serv 58,333 SP71101 65,596 Parks, Equip & Cap Outlay 78,100 SP71102 47,823 Parks, Contr Expend 104,994 SP71104 88,076 TOTAL Parks 241,427 201,495 TOTAL Culture And Recreation 241,427 201,495 State Retirement, Empl Bnfts 1,433 SP90108 956 Social Security, Empl Bnfts 4,463 SP90308 5,009 Worker's Compensation, Empl Bnfts 2,116 SP90408 2,612 Disability Insurance, Empl Bnfts 426 SP90558 316

TOTAL Employee Benefits 8,438 8,893 Debt Principal, Serial Bonds 28,000 SP97106 28,000

TOTAL Debt Principal 28,000 28,000 Debt Interest, Bond Anticipation Notes 2,100 SP97307 1,400

TOTAL Debt Interest 2,100 1,400 TOTAL Expenditures 287,026 247,149 TOTAL Detail Expenditures And Other Uses 287,026 247,149

Page 62 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SP) PARK Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 197,107 SP8021 168,964 Restated Fund Balance - Beg of Year 197,107 SP8022 168,964 ADD - REVENUES AND OTHER SOURCES 258,883 262,464 DEDUCT - EXPENDITURES AND OTHER USES 287,026 247,149 Fund Balance - End of Year 168,964 SP8029 184,279

Page 63 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SR) REFUSE AND GARBAGE Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 642,260 SR200 668,132 TOTAL Cash 642,260 668,132 Accounts Receivable 794 SR380 TOTAL Other Receivables (net) 794 0 Prepaid Expenses 12,150 SR480 12,407 TOTAL Prepaid Expenses 12,150 12,407 TOTAL Assets and Deferred Outflows of Resources 655,204 680,539

Page 64 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SR) REFUSE AND GARBAGE

Balance Sheet Code Description 2016 EdpCode 2017 Accounts Payable 56,927 SR600 57,762 TOTAL Accounts Payable 56,927 57,762 TOTAL Liabilities 56,927 57,762 Fund Balance Not in Spendable Form 12,150 SR806 12,407 TOTAL Nonspendable Fund Balance 12,150 12,407 Assigned Appropriated Fund Balance SR914 Assigned Unappropriated Fund Balance 586,127 SR915 610,370 TOTAL Assigned Fund Balance 586,127 610,370 TOTAL Fund Balance 598,277 622,777 TOTAL Liabilities, Deferred Inflows And Fund Balance 655,204 680,539

Page 65 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SR) REFUSE AND GARBAGE

Results of Operation Code Description 2016 EdpCode 2017 Revenues Real Property Taxes 1,229,496 SR1001 1,213,600 TOTAL Real Property Taxes 1,229,496 1,213,600 Refuse & Garbage Charges 843 SR2130 396 TOTAL Departmental Income 843 396 Interest And Earnings 1,632 SR2401 1,662 TOTAL Use of Money And Property 1,632 1,662 Sale of Refuse For Recycling 4,273 SR2651 5,589 Sales of Equipment 1,060 SR2665 16,660 Insurance Recoveries 2,863 SR2680 1,020 TOTAL Sale of Property And Compensation For Loss 8,196 23,269 Refunds of Prior Year's Expenditures 4,728 SR2701 3,426 TOTAL Miscellaneous Local Sources 4,728 3,426 Interfund Revenues 30,225 SR2801 32,002 TOTAL Interfund Revenues 30,225 32,002 St Aid, Other Aid (specify) 24,644 SR3089 TOTAL State Aid 24,644 0 TOTAL Revenues 1,299,764 1,274,355

TOTAL Detail Revenues And Other Sources 1,299,764 1,274,355

Page 66 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SR) REFUSE AND GARBAGE

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Unallocated Insurance, Contr Expend 12,455 SR19104 14,542 TOTAL Unallocated Insurance 12,455 14,542 Judgements And Claims, Cont Exp SR19304 15,956 TOTAL Judgements And Claims 015,956 Payment of Mta Payroll Tax,contr Expend 1,173 SR19804 1,095 TOTAL Payment of Mta Payroll Tax 1,173 1,095 TOTAL General Government Support 13,628 31,593 Refuse & Garbage, Pers Serv 355,553 SR81601 331,781 Refuse & Garbage, Equip & Cap Outlay 51,688 SR81602 14,878 Refuse & Garbage, Contr Expend 503,773 SR81604 488,292 TOTAL Refuse & Garbage 911,014 834,951 TOTAL Home And Community Services 911,014 834,951 State Retirement, Empl Bnfts 52,792 SR90108 48,777 Social Security, Empl Bnfts 26,353 SR90308 24,624 Worker's Compensation, Empl Bnfts 57,769 SR90408 61,116 Unemployment Insurance, Empl Bnfts 3,881 SR90508 739 Disability Insurance, Empl Bnfts 198 SR90558 169 Hospital & Medical (dental) Ins, Empl Bnft 85,889 SR90608 88,865 Union Welfare Benefits 1,681 SR90708 1,682

TOTAL Employee Benefits 228,563 225,972 Debt Principal, Serial Bonds 27,000 SR97106 31,000

TOTAL Debt Principal 27,000 31,000 Debt Interest, Serial Bonds 6,925 SR97107 6,345

TOTAL Debt Interest 6,925 6,345 TOTAL Expenditures 1,187,130 1,129,861 Transfers, Capital Projects Fund SR99509 119,994

TOTAL Operating Transfers 0119,994 TOTAL Other Uses 0119,994 TOTAL Detail Expenditures And Other Uses 1,187,130 1,249,855

Page 67 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SR) REFUSE AND GARBAGE Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 485,643 SR8021 598,277 Restated Fund Balance - Beg of Year 485,643 SR8022 598,277 ADD - REVENUES AND OTHER SOURCES 1,299,764 1,274,355 DEDUCT - EXPENDITURES AND OTHER USES 1,187,130 1,249,855 Fund Balance - End of Year 598,277 SR8029 622,777

Page 68 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SS) SEWER Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 556,610 SS200 469,591 TOTAL Cash 556,610 469,591 Accounts Receivable 1,564 SS380 1,556 TOTAL Other Receivables (net) 1,564 1,556 Due From Other Funds 85 SS391 85 TOTAL Due From Other Funds 85 85 TOTAL Assets and Deferred Outflows of Resources 558,259 471,232

Page 69 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SS) SEWER

Balance Sheet Code Description 2016 EdpCode 2017 Accounts Payable 13,541 SS600 17,480 TOTAL Accounts Payable 13,541 17,480 Overpayments & Clearing Account 2,040 SS690 2,040 TOTAL Other Liabilities 2,040 2,040 TOTAL Liabilities 15,581 19,520 Fund Balance Assigned Appropriated Fund Balance 20,000 SS914 35,000 Assigned Unappropriated Fund Balance 522,678 SS915 416,712 TOTAL Assigned Fund Balance 542,678 451,712 TOTAL Fund Balance 542,678 451,712 TOTAL Liabilities, Deferred Inflows And Fund Balance 558,259 471,232

Page 70 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SS) SEWER

Results of Operation Code Description 2016 EdpCode 2017 Revenues Real Property Taxes 234,901 SS1001 232,411 TOTAL Real Property Taxes 234,901 232,411 Sewer Charges 2,655 SS2122 2,351 TOTAL Departmental Income 2,655 2,351 Sewer Serv Other Govts 18,769 SS2374 18,672 TOTAL Intergovernmental Charges 18,769 18,672 Interest And Earnings 950 SS2401 938 TOTAL Use of Money And Property 950 938 Refunds of Prior Year's Expenditures SS2701 297 TOTAL Miscellaneous Local Sources 0 297 St Aid, Oper & Main of Sewer 167,226 SS3901 83,613 TOTAL State Aid 167,226 83,613 TOTAL Revenues 424,501 338,282

TOTAL Detail Revenues And Other Sources 424,501 338,282

Page 71 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SS) SEWER

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Unallocated Insurance, Contr Expend 16,241 SS19104 15,734 TOTAL Unallocated Insurance 16,241 15,734 TOTAL General Government Support 16,241 15,734 Sewage Treat Disp, Contr Expend 225,859 SS81304 266,394 TOTAL Sewage Treat Disp 225,859 266,394 TOTAL Home And Community Services 225,859 266,394 Debt Principal, Serial Bonds 95,000 SS97106 95,000

TOTAL Debt Principal 95,000 95,000 Debt Interest, Serial Bonds 53,132 SS97107 52,120

TOTAL Debt Interest 53,132 52,120 TOTAL Expenditures 390,232 429,248 TOTAL Detail Expenditures And Other Uses 390,232 429,248

Page 72 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SS) SEWER Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 508,409 SS8021 542,678 Restated Fund Balance - Beg of Year 508,409 SS8022 542,678 ADD - REVENUES AND OTHER SOURCES 424,501 338,282 DEDUCT - EXPENDITURES AND OTHER USES 390,232 429,248 Fund Balance - End of Year 542,678 SS8029 451,712

Page 73 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SS) SEWER

Budget Summary Code Description 2017 EdpCode 2018 Estimated Revenues Est Rev - Real Property Taxes 232,411 SS1049N 234,824 Est Rev - Departmental Income 2,363 SS1299N 2,400 Est Rev - Intergovernmental Charges 18,783 SS2399N 18,800 Est Rev - Use of Money And Property 1,000 SS2499N 1,000 Est Rev - State Aid 135,000 SS3099N 148,000 TOTAL Estimated Revenues 389,557 405,024 Appropriated Fund Balance 20,000 SS599N 35,000 TOTAL Estimated Other Sources 20,000 35,000 TOTAL Estimated Revenues And Other Sources 409,557 440,024

Page 74 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SS) SEWER

Budget Summary Code Description 2017 EdpCode 2018 Appropriations App - General Government Support 16,250 SS1999N 16,500 App - Home And Community Services 246,187 SS8999N 272,550 App - Debt Service 147,120 SS9899N 150,974 TOTAL Appropriations 409,557 440,024 TOTAL Appropriations And Other Uses 409,557 440,024

Page 75 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SW) WATER Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 144,659 SW200 176,053 TOTAL Cash 144,659 176,053 TOTAL Assets and Deferred Outflows of Resources 144,659 176,053

Page 76 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SW) WATER

Balance Sheet Code Description 2016 EdpCode 2017 Accounts Payable 2,540 SW600 3,230 TOTAL Accounts Payable 2,540 3,230 TOTAL Liabilities 2,540 3,230 Fund Balance Assigned Appropriated Fund Balance SW914 Assigned Unappropriated Fund Balance 142,119 SW915 172,823 TOTAL Assigned Fund Balance 142,119 172,823 TOTAL Fund Balance 142,119 172,823 TOTAL Liabilities, Deferred Inflows And Fund Balance 144,659 176,053

Page 77 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SW) WATER

Results of Operation Code Description 2016 EdpCode 2017 Revenues Real Property Taxes 121,051 SW1001 121,811 TOTAL Real Property Taxes 121,051 121,811 Interest And Earnings 291 SW2401 319 TOTAL Use of Money And Property 291 319 Insurance Recoveries 3,469 SW2680 24 TOTAL Sale of Property And Compensation For Loss 3,469 24 TOTAL Revenues 124,811 122,154

TOTAL Detail Revenues And Other Sources 124,811 122,154

Page 78 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SW) WATER

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Unallocated Insurance, Contr Expend 1,666 SW19104 1,688 TOTAL Unallocated Insurance 1,666 1,688 TOTAL General Government Support 1,666 1,688 Water Administration, Equip & Cap Outlay 16,500 SW83102 Water Administration, Contr Expend 55,903 SW83104 51,758 TOTAL Water Administration 72,403 51,758 Source Supply Pwr & Pump, Contr Expend 15,352 SW83204 15,061 TOTAL Source Supply Pwr & Pump 15,352 15,061 TOTAL Home And Community Services 87,755 66,819 Debt Principal, Serial Bonds 20,000 SW97106 20,000

TOTAL Debt Principal 20,000 20,000 Debt Interest, Serial Bonds 3,423 SW97107 2,943

TOTAL Debt Interest 3,423 2,943 TOTAL Expenditures 112,844 91,450 TOTAL Detail Expenditures And Other Uses 112,844 91,450

Page 79 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SW) WATER Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 130,152 SW8021 142,119 Restated Fund Balance - Beg of Year 130,152 SW8022 142,119 ADD - REVENUES AND OTHER SOURCES 124,811 122,154 DEDUCT - EXPENDITURES AND OTHER USES 112,844 91,450 Fund Balance - End of Year 142,119 SW8029 172,823

Page 80 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SW) WATER

Budget Summary Code Description 2017 EdpCode 2018 Estimated Revenues Est Rev - Real Property Taxes 121,810 SW1049N 122,825 Est Rev - Use of Money And Property 138 SW2499N 265 TOTAL Estimated Revenues 121,948 123,090 Appropriated Fund Balance 0 SW599N 0 TOTAL Estimated Other Sources 0 0 TOTAL Estimated Revenues And Other Sources 121,948 123,090

Page 81 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(SW) WATER

Budget Summary Code Description 2017 EdpCode 2018 Appropriations App - General Government Support 1,925 SW1999N 1,960 App - Home And Community Services 97,080 SW8999N 98,680 App - Debt Service 22,943 SW9899N 22,450 TOTAL Appropriations 121,948 123,090 TOTAL Appropriations And Other Uses 121,948 123,090

Page 82 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(TA) AGENCY Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash 367,206 TA200 394,312 TOTAL Cash 367,206 394,312 Service Award Program Assets 1,138,443 TA461 1,303,503 TOTAL Investments 1,138,443 1,303,503 TOTAL Assets and Deferred Outflows of Resources 1,505,649 1,697,815

Page 83 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(TA) AGENCY

Balance Sheet Code Description 2016 EdpCode 2017 Due To Other Funds 1,245 TA630 4,439 TOTAL Due To Other Funds 1,245 4,439 Service Awards 1,138,443 TA13 1,303,503 State Retirement 544 TA18 544 Income Executions 161 TA23 161 Employees Annuities 109 TA29 109 Guaranty & Bid Deposits 62,977 TA30 68,977 Receivers Fund 18,621 TA42 18,621 Other Funds (specify) 283,549 TA85 301,461 TOTAL Agency Liabilities 1,504,404 1,693,376 TOTAL Liabilities 1,505,649 1,697,815 TOTAL Liabilities, Deferred Inflows And Fund Balance 1,505,649 1,697,815

Page 84 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(V) DEBT SERVICE Balance Sheet Code Description 2016 EdpCode 2017 Assets Cash Special Reserves 493,851 V230 371,188 Cash In Time Deposits Special Reserves 35,649 V231 35,857 TOTAL Restricted Assets 529,500 407,045 TOTAL Assets and Deferred Outflows of Resources 529,500 407,045

Page 85 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(V) DEBT SERVICE

Balance Sheet Code Description 2016 EdpCode 2017 Fund Balance Reserve For Debt 529,500 V884 407,045 TOTAL Restricted Fund Balance 529,500 407,045 TOTAL Fund Balance 529,500 407,045 TOTAL Liabilities, Deferred Inflows And Fund Balance 529,500 407,045

Page 86 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(V) DEBT SERVICE

Results of Operation Code Description 2016 EdpCode 2017 Revenues Interest And Earnings 1,021 V2401 835 TOTAL Use of Money And Property 1,021 835 TOTAL Revenues 1,021 835 Serial Bonds V5710 TOTAL Proceeds of Obligations 00 TOTAL Other Sources 00

TOTAL Detail Revenues And Other Sources 1,021 835

Page 87 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(V) DEBT SERVICE

Results of Operation Code Description 2016 EdpCode 2017 Expenditures Debt Principal, Serial Bonds 55,000 V97106 55,000

TOTAL Debt Principal 55,000 55,000 Debt Interest, Serial Bonds 70,559 V97107 68,290

TOTAL Debt Interest 70,559 68,290 TOTAL Expenditures 125,559 123,290 TOTAL Detail Expenditures And Other Uses 125,559 123,290

Page 88 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(V) DEBT SERVICE Analysis of Changes in Fund Balance Code Description 2016 EdpCode 2017 Analysis of Changes in Fund Balance Fund Balance - Beginning of Year 654,038 V8021 529,500 Restated Fund Balance - Beg of Year 654,038 V8022 529,500 ADD - REVENUES AND OTHER SOURCES 1,021 835 DEDUCT - EXPENDITURES AND OTHER USES 125,559 123,290 Fund Balance - End of Year 529,500 V8029 407,045

Page 89 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(W) GENERAL LONG-TERM DEBT Balance Sheet Code Description 2016 EdpCode 2017 Assets Total Non-Current Govt Liabilities 8,324,046 W129 6,863,852 TOTAL Provision To Be Made In Future Budgets 8,324,046 6,863,852 TOTAL Assets and Deferred Outflows of Resources 8,324,046 6,863,852

Page 90 OSC Municipality Code 370364300000 TOWN OF Patterson Annual Update Document For the Fiscal Year Ending 2017

(W) GENERAL LONG-TERM DEBT

Balance Sheet Code Description 2016 EdpCode 2017 Net Pension Liability -Proportionate Share 2,022,148 W638 1,107,826 Compensated Absences 140,155 W687 151,026 TOTAL Other Liabilities 2,162,303 1,258,852 Bonds Payable 5,840,000 W628 5,605,000 TOTAL Bond And Long Term Liabilities 5,840,000 5,605,000 Deferred Inflows of Resources - Pensions 321,743 W697 TOTAL Deferred Inflows of Resources 321,743 0 TOTAL Liabilities 8,324,046 6,863,852 TOTAL Liabilities 8,324,046 6,863,852

Page 91 OSC Municipality Code 370364300000 Office of the State Comptroller TOWN OF Patterson 4/30/2018 Statement of Indebtedness For the Fiscal Year Ending 2017

County of: Putnam Municipal Code: 370364300000

First Debt Cops Comp Date of Date of Int. Amt. Orig. O/S Beg. Paid Redeemed Prior Yr. Accreted O/S End of Year Year Code Description Flag Flag Issue Maturity Rate Var? Issued of Year Dur. Year Bond Proc. Adjust. Interest

2015 BOND EFOX RUN WATER EFC 08/20/2015 04/01/2022 1.90% $145,000 $125,000 $20,000 $0 $0 $105,000 2010 BOND NWaste Water TP EFC 04/01/2010 10/01/2039 2.326% Y $3,257,842 $2,615,000 $95,000 $0 $0 $2,520,000 2014 BOND NPark & Road Improv 08/15/2014 08/15/2022 2.00% Y $200,000 $120,000 $40,000 $0 $0 $80,000 Bond 2016 BOND NSalt Shed & Sluice 09/01/2016 03/01/2020 1.795% Y $230,000 $230,000 $60,000 $0 $0 $170,000 Gate 2017 BOND NDA Loader/RP Packer 04/25/2017 03/01/2021 2.236% $200,000 $0 $0 $200,000 2010 BOND NCOURTHOUSE 07/28/2010 07/15/2040 4.125% $1,900,000 $1,590,000 $55,000 $0 $0 $1,535,000 2013 BOND NRefunding Bonds 2013 Y 12/27/2013 01/15/2025 2.00% $1,540,000 $1,160,000 $165,000 $0 $0 $995,000 Total for Type/Exempt Status - Sums Issued Amts only made in AFR Year $200,000 $5,840,000 $435,000 $0 $0 $0 $5,605,000

AFR Year Total for All Debt Types - Sums Issued Amts only made in AFR Year $200,000 $5,840,000 $435,000 $0 $0 $0 $5,605,000

Page 92 TOWN OF Patterson Maturity Schedule For the Fiscal Year Ending 2017

For Bonds Issued During The Fiscal Year Ended 2017 text EDPCODE Indebtedness No. 2017000001 Purpose of Issue DA Loader/RP Packer For State Comptroller Use Only 2P3CE text Total Principal 2P3PR 200,000 Date of Issue 2P3DT 4/25/2017 Interest Rate 2P3PC 2.23640 Final Maturity Date 2P3DM 3/1/2021 Amount of Principal Redeemed in or to be Redeemed in Fiscal Year ending in (The Last Two Digits of the EDP Code Correspond to the Fiscal Year Ended) 2P318 50,000 2P319 50,000 2P320 50,000 2P321 50,000

Page 93 OSC Municipality 370364300000 TOWN OF Patterson Schedule of Time Deposits and Investments For the Fiscal Year Ending 2017

EDP Code Amount

CASH: On Hand 9Z2001 $1,800.00 Demand Deposits 9Z2011 $4,849,540.16 Time Deposits 9Z2021 $35,856.63 Total $4,887,196.79

COLLATERAL: - FDIC Insurance 9Z2014 $500,000.00 Collateralized with securities held in possession of municipality or its agent 9Z2014A $5,961,529.60 Total $6,461,529.60

INVESTMENTS: - Securities (450) Book Value (cost) 9Z4501 Market Value at Balance Sheet Date 9Z4502

Collateralized with securities held in 9Z4504A possession of municipality or its agent

- Repurchase Agreements (451) Book Value (cost) 9Z4511 Market Value at Balance Sheet Date 9Z4512

Collateralized with securities held in 9Z4514A possession of municipality or its agent

Page 94 OSC Municipality Code 370364300000 TOWN OF Patterson Bank Reconciliation For the Fiscal Year Ending 2017

Include All Checking, Savings and C.D. Accounts

Bank Add: Less: Adjusted Account Bank Deposit Outstanding Bank Number Balance In Transit Checks Balance *****-6922 $37,635 $0 $0 $37,635 *****-1149 $371,188 $0 $0 $371,188 *****-1488 $35,857 $0 $0 $35,857 *****-6562 $2,336,856 $0 $250,000 $2,086,856 *****-450 $91,768 $0 $4 $91,765 *****-2885 $1,944,563 $0 $0 $1,944,563 *****-2826 $8,986 $0 $0 $8,986 *****-2869 $302,547 $0 $0 $302,547 *****-2877 $14,283 $0 $11,283 $3,000 *****-2893 $173,740 $0 $170,740 $3,000

Total Adjusted Bank Balance $4,885,397 Petty Cash $1,800.00 Adjustments $.21 Total Cash 9ZCASH * $4,887,197 Total Cash Balance All Funds 9ZCASHB * $4,887,197 * Must be equal

Page 95 OSC Municipality Code 370364300000 TOWN OF Patterson Local Government Questionnaire For the Fiscal Year Ending 2017

Response 1) Does your municipality have a written procurement policy? Yes 2) Have the financial statements for your municipality been independently audited? No If not, are you planning on having an audit conducted? Yes 3) Does your local government participate in an insurance pool with other local Yes governments?

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? No 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 No year?

9) Has your Local Government adopted an investment policy as required by Yes General Municipal Law, Section 39?

Page 96 TOWN OF Patterson Employee and Retiree Benefits For the Fiscal Year Ending 2017

Total Full Time Employees: 38 Total Part Time Employees: 124 Account Description Total # of Full # of Part # of Retirees Code Expenditures Time Time (All Funds) Employees Employees 90108 State Retirement System $413,772.00 38 50

90158 Police and Fire Retirement

90258 Local Pension Fund $170,670.90

90308 Social Security $250,602.99 38 124

90408 Worker's Compensation $304,113.37 38 124 Insurance 90458 Life Insurance $0.00

90508 Unemployment Insurance $790.64 38 124

90558 Disability Insurance $5,129.70 38 124

90608 Hospital and Medical $752,566.49 38 12 (Dental) Insurance 90708 Union Welfare Benefits $7,063.89 17

90858 Supplemental Benefit Payment to Disabled Fire Fighters 91890 Other Employee Benefits

Total $1,904,709.98

Computed Total From Financial $1,904,710.00 Section (comparative purposes only)

Page 97 OSC Municipality 370364300000 TOWN OF Patterson Energy Costs and Consumption For the Fiscal Year Ending 2017

Energy Type Total Total Volume Units Of Alternative Expenditures Measure Units Of Measure

Gasoline $10,218 5,101 gallons Diesel Fuel $66,968 31,891 gallons Fuel Oil $5,215 2,769 gallons Natural Gas $18,341 22,512 cubic feet Therm Electricity $138,280 974,478 kilowatt-hours Coal tons Propane $4,868 3,647 gallons

Page 98 OSC Municipality 370364300000 TOWN OF Patterson Schedule of Other Post Employment Benefits (OPEB) For the Fiscal Year Ending 2017

Annual OPEB Cost and Net OPEB Obligation

1. Type of Other Post Employment Benefits Plan Cost Sharing Multi-Employer Defined Benefits 2. Annual Required Contribution(ARC) 3. Interest on Net OPEB Obligation 4. Adjustment to Annual Required Contribution 5. Annual OPEB Expense 6. Less: Actual Contribution Made 7. Increase in Net OPEB Obligation 8. Net OPEB Obligation - beginning of year 9. Net OPEB 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 OPEB Cost Contributed (Actual Contribution Made/Annual OPEB Cost)

Funded Status and Funding Process 12. Actuarial Accrued Liability(AAL) 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) 17. UAAL as Percentage of Annual Covered Payroll

Other OPEB Information 18. Date of most recent actuarial valuation 19. Actuarial method used 20. Assumed rate of return on investments discount rate .00% 21. Amortization period of UAAL(in years)

Page 99 OSC Municipality 370364300000 CERTIFICATION OF CHIEF FISCAL OFFICER

I, Richard Williams , hereby certify that I am the Chief Fiscal Officer of the Town of Patterson , and that the information provided in the annual financial report of the Town of Patterson , for the fiscal year ended 12/31/2017

, is TRUE and correct to the best of my knowledge and belief.

By entering the personal identification number assigned by the Office of the State Comptroller to me as the Chief Fiscal Officer of the Town of Patterson , and adopted by me as my signature for use in conjunction with the filing of the Town of Patterson 's annual financial report, I am evidencing my express intent to authenticate my certification of the

Town of Patterson's annual financial report for the fiscal year ended 12/31/2017 and filed by means of electronic data transmission.

Patricia Brooks RICHARD WILLIAMS Name of Report Preparer if different Name than Chief Fiscal Officer

(845) 878-6500 SUPERVISOR Telephone Number Title

[email protected] Official Address

04/30/2018 (845) 878-6500 Date of Certification Official Telephone Number

Page 100 Municipality Code 370364300000 TOWN OF Patterson Financial Comments For the Fiscal Year Ending 2017

(SM) MISCELLANEOUS Adjustment Reason Account Code SM8012 Rounding

Page 101 OSC Municipality Code 370