The WoodHill Group 1 Accounting. Better. [email protected] www.woodhillgrp.com 734-417-2564
The WoodHill Group 29488 Woodward Ave, Ste 298, Royal Oak, MI 48073
Memorandum
To: Council Members and Officers of the Village of Pinckney
From: Andrew D. Clark
Date: January 25, 2020
Re: Financial Statements and Supplemental Reports
Enclosed for your review are the following:
Fund Balance Sheets at 12/31/2020 Revenue & Expenditures Statements 12/31/2020 Cash Summary by Fund from 7/1/2020 – 12/31/2020 Investment Report at 12/31/2020
Thank you for the opportunity to serve the Village of Pinckney.
mailto:[email protected]://www.woodhillgrp.com/
BALANCE SHEET FOR VILLAGE OF PINCKNEY 1/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney
Period Ending 12/31/2020
Fund 101 General Fund
BalanceCurrent YearBeg. BalanceDescriptionGL Number
*** Assets ***
955.35 3,211.80 CASH - CHECKING101-000.000-001.000598,876.38 177,368.57 CASH - DEPOSITORY101-000.000-002.000
250.00 250.00 Petty Cash101-000.000-004.000891,641.77 916,794.91 INVESTMENT POOL HOLDINGS101-000.000-015.630
433.97 246.18 Del Personal Property Tax101-000.000-020.0000.00 10,473.80 Grant Receivable101-000.000-035.000
62,912.39 50,891.13 Utilities Receivable101-000.000-037.0000.00 23,477.90 DELINQ UB/MR ON TAX ROLL101-000.000-037.500
2,559.00 9.00 Accts Receivable101-000.000-039.0000.00 30,674.00 Sales Tax Receivable101-000.000-078.0010.00 1,540.35 Due From Trust & Agency101-000.000-084.701
5,622.10 39,376.56 Prepaid Insurance101-000.000-090.0000.00 3,684.10 Prepaid Expenses101-000.000-090.100
1,563,250.96 1,257,998.30 Total Assets
*** Liabilities ***
25,977.05 13,020.02 Accounts Payable101-000.000-202.0000.00 1,803.24 STATE W/H DEDUCTION PAYABLE101-000.000-228.002
(105.00)(105.00)UNION DUES DEDUCTIONS PAYABLE101-000.000-231.00075.11 163.47 941 PAYROLL LIABILITY101-000.000-258.0000.00 1,520.46 Accrued Federal W/H101-000.000-258.1000.00 27,120.14 ACCRUED WAGE & PAYROLL LIABILITIES101-000.000-260.000
20,900.12 11,669.94 Accrued MERS Payable101-000.000-262.0000.00 55.80 ACCRUED 457 EMPLOYER101-000.000-262.1000.00 642.59 457 DEDUCTION PAYABLE101-000.000-262.101
(9,166.97)0.00 Accrued Health Payable101-000.000-264.0002,000.00 0.00 DEFERRED INFLOW: TOWER MOWING101-000.000-360.001
39,680.31 55,890.66 Total Liabilities
*** Fund Balance ***
1,185,608.42 1,202,107.64 Fund Balance101-000.000-390.00016,499.22 0.00 NET POSITION - RESTRICTED101-000.000-393.000
1,202,107.64 1,202,107.64 Total Fund Balance
1,202,107.64 Beginning Fund Balance
321,463.01 Net of Revenues VS Expenditures1,523,570.65 Ending Fund Balance1,563,250.96 Total Liabilities And Fund Balance
BALANCE SHEET FOR VILLAGE OF PINCKNEY 2/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney
Period Ending 12/31/2020
Fund 102 Police Training Fund
BalanceCurrent YearBeg. BalanceDescriptionGL Number
*** Assets ***
0.00 166.16 CASH - CHECKING102-000.000-001.0001,418.74 1,252.29 CASH - DEPOSITORY102-000.000-002.000
1,418.74 1,418.45 Total Assets
*** Liabilities ***
0.00 0.00 Total Liabilities
*** Fund Balance ***
1,418.45 1,418.45 Fund Balance102-000.000-390.000
1,418.45 1,418.45 Total Fund Balance
1,418.45 Beginning Fund Balance
0.29 Net of Revenues VS Expenditures1,418.74 Ending Fund Balance1,418.74 Total Liabilities And Fund Balance
BALANCE SHEET FOR VILLAGE OF PINCKNEY 3/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney
Period Ending 12/31/2020
Fund 150 Cemetery Fund
BalanceCurrent YearBeg. BalanceDescriptionGL Number
*** Assets ***
477.28 14,350.57 CASH - CHECKING150-000.000-001.0006,426.51 14,933.27 CASH - DEPOSITORY150-000.000-002.000
148,016.62 139,359.52 INVESTMENT POOL HOLDINGS150-000.000-015.63079.20 316.68 Prepaid Insurance150-000.000-090.000
154,999.61 168,960.04 Total Assets
*** Liabilities ***
0.00 15.32 Accounts Payable150-000.000-202.0000.00 496.90 ACCRUED WAGE & PAYROLL LIABILITIES150-000.000-260.000
0.00 512.22 Total Liabilities
*** Fund Balance ***
39,232.16 39,232.16 CORPUS OF PERMANENT FUND150-000.000-373.000129,215.66 129,215.66 Fund Balance150-000.000-390.000
168,447.82 168,447.82 Total Fund Balance
168,447.82 Beginning Fund Balance
(13,448.21)Net of Revenues VS Expenditures154,999.61 Ending Fund Balance154,999.61 Total Liabilities And Fund Balance
BALANCE SHEET FOR VILLAGE OF PINCKNEY 4/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney
Period Ending 12/31/2020
Fund 202 Major Street Fund
BalanceCurrent YearBeg. BalanceDescriptionGL Number
*** Assets ***
159.56 35,968.51 CASH - CHECKING202-000.000-001.000121,101.21 33,161.51 CASH - DEPOSITORY202-000.000-002.000544,013.51 511,937.43 INVESTMENT POOL HOLDINGS202-000.000-015.630
0.00 24,257.02 MI Vehicle Highway Rec.202-000.000-078.00220.70 82.68 Prepaid Insurance202-000.000-090.0000.00 3,689.26 Inventory202-000.000-101.000
665,294.98 609,096.41 Total Assets
*** Liabilities ***
154.23 1,435.00 Accounts Payable202-000.000-202.0000.00 59.98 ACCRUED WAGE & PAYROLL LIABILITIES202-000.000-260.000
154.23 1,494.98 Total Liabilities
*** Fund Balance ***
607,601.43 607,601.43 Fund Balance202-000.000-390.000
607,601.43 607,601.43 Total Fund Balance
607,601.43 Beginning Fund Balance
57,539.32 Net of Revenues VS Expenditures665,140.75 Ending Fund Balance665,294.98 Total Liabilities And Fund Balance
BALANCE SHEET FOR VILLAGE OF PINCKNEY 5/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney
Period Ending 12/31/2020
Fund 203 Local Street Fund
BalanceCurrent YearBeg. BalanceDescriptionGL Number
*** Assets ***
248.21 65,161.69 CASH - CHECKING203-000.000-001.00044,063.58 13,249.37 CASH - DEPOSITORY203-000.000-002.000429,365.68 369,422.42 INVESTMENT POOL HOLDINGS203-000.000-015.630
0.00 100.00 DELINQ LOCAL STS ON TAX ROLL203-000.000-037.5000.00 10,348.19 MI Vehicle Highway Rec.203-000.000-078.002
29.80 119.32 Prepaid Insurance203-000.000-090.0000.00 3,689.26 Inventory203-000.000-101.000
473,707.27 462,090.25 Total Assets
*** Liabilities ***
154.23 2,975.20 Accounts Payable203-000.000-202.0003,250.60 3,250.60 CONSTRUCTION RETAINAGE203-000.000-204.000
0.00 273.17 ACCRUED WAGE & PAYROLL LIABILITIES203-000.000-260.000
3,404.83 6,498.97 Total Liabilities
*** Fund Balance ***
455,591.28 455,591.28 Fund Balance203-000.000-390.000
455,591.28 455,591.28 Total Fund Balance
455,591.28 Beginning Fund Balance
14,711.16 Net of Revenues VS Expenditures470,302.44 Ending Fund Balance473,707.27 Total Liabilities And Fund Balance
BALANCE SHEET FOR VILLAGE OF PINCKNEY 6/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney
Period Ending 12/31/2020
Fund 204 General Highway Fund
BalanceCurrent YearBeg. BalanceDescriptionGL Number
*** Assets ***
0.00 4,691.93 CASH - CHECKING204-000.000-001.000604,230.46 319,271.85 CASH - DEPOSITORY204-000.000-002.000233,077.58 235,325.17 INVESTMENT POOL HOLDINGS204-000.000-015.630
181.22 93.66 Del Personal Property Tax204-000.000-020.000
837,489.26 559,382.61 Total Assets
*** Liabilities ***
0.00 2,871.90 Accounts Payable204-000.000-202.0002,375.00 2,375.00 Accrued Interest Payable204-000.000-251.000
2,375.00 5,246.90 Total Liabilities
*** Fund Balance ***
554,135.71 554,135.71 Fund Balance204-000.000-390.000
554,135.71 554,135.71 Total Fund Balance
554,135.71 Beginning Fund Balance
280,978.55 Net of Revenues VS Expenditures835,114.26 Ending Fund Balance837,489.26 Total Liabilities And Fund Balance
BALANCE SHEET FOR VILLAGE OF PINCKNEY 7/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney
Period Ending 12/31/2020
Fund 248 Downtown Dev. Authority
BalanceCurrent YearBeg. BalanceDescriptionGL Number
*** Assets ***
761.78 1,732.79 CASH - CHECKING248-000.000-001.000137,782.31 9,792.81 CASH - DEPOSITORY248-000.000-002.000120,777.34 130,642.06 INVESTMENT POOL HOLDINGS248-000.000-015.630
259,321.43 142,167.66 Total Assets
*** Liabilities ***
30.64 3,601.64 Accounts Payable248-000.000-202.0000.00 135.09 ACCRUED WAGE & PAYROLL LIABILITIES248-000.000-260.000
30.64 3,736.73 Total Liabilities
*** Fund Balance ***
138,430.93 138,430.93 Fund Balance248-000.000-390.000
138,430.93 138,430.93 Total Fund Balance
138,430.93 Beginning Fund Balance
120,859.86 Net of Revenues VS Expenditures259,290.79 Ending Fund Balance259,321.43 Total Liabilities And Fund Balance
BALANCE SHEET FOR VILLAGE OF PINCKNEY 8/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney
Period Ending 12/31/2020
Fund 590 SEWER O & M FUND
BalanceCurrent YearBeg. BalanceDescriptionGL Number
*** Assets ***
820.60 23,837.18 CASH - CHECKING590-000.000-001.000477.06 5.99 CASH - USDA HUNT#6573590-000.000-001.005
222,952.47 100,103.34 CASH - DEPOSITORY590-000.000-002.00017,250.00 0.00 CASH - USDA BOND RESERVE/RESTRICTED590-000.000-002.00420,409.00 0.00 CASH - USDA REPAIR/REPL/IMPR RESTRICTED590-000.000-002.005
801.06 800.80 USDA BOND PMT HUNT#6560590-000.000-002.0351,652,390.64 1,675,597.47 INVESTMENT POOL HOLDINGS590-000.000-015.630
173,254.96 134,237.93 Utilities Receivable590-000.000-037.0000.00 65,684.56 DELINQ SEWER ON TAX ROLL590-000.000-037.500
5,692.75 10,184.65 DUE FROM ROLLING HILLS SAD590-000.000-084.4872,771,152.95 2,234,709.61 DUE FROM USDA SEWER UPGRADE PROJECT590-000.000-084.592
677.00 2,708.00 Prepaid Insurance590-000.000-090.0000.00 1,228.03 Prepaid Expenses590-000.000-090.100
184,333.56 184,333.56 LAND590-000.000-130.000117,253.95 117,253.95 BUILDINGS590-000.000-136.000(33,478.33)(31,918.75)A/D - BUILDINGS590-000.000-137.00025,477.00 25,464.00 VEHICLES590-000.000-148.000(25,464.00)(25,464.00)ACCUM. DEPR. - VEHICLES590-000.000-149.000339,565.71 339,565.71 MACHINERY & EQUIPMENT590-000.000-150.000
(278,804.48)(266,286.92)A/D - MACHINERY & EQUIPMENT590-000.000-151.0006,970,959.35 6,970,959.35 SEWER SYSTEM590-000.000-154.000
(3,956,294.26)(3,875,250.79)A/D - SEWER SYSTEM590-000.000-155.000227,756.15 227,756.15 Construction In Progress590-000.000-158.00019,953.00 19,953.00 DEFERRED OUTFLOW590-000.000-180.000
8,457,136.14 7,935,462.82 Total Assets
*** Liabilities ***
1,003.33 12,270.28 Accounts Payable590-000.000-202.0001,750.33 1,750.33 CONSTRUCTION RETAINAGE590-000.000-204.0009,000.00 61,000.00 CURRENT PORTION BONDS PAYABLE590-000.000-240.0007,961.00 7,961.00 Accrued Interest Payable590-000.000-251.000
0.00 5,623.47 ACCRUED WAGE & PAYROLL LIABILITIES590-000.000-260.00068,886.00 68,886.00 NET PENSION LIABILITY590-000.000-262.001252,009.00 252,009.00 2013 GO BONDS PAYABLE590-000.000-300.000
2,248,521.84 1,650,325.54 2018 USDA REV BONDS590-000.000-301.00016,000.00 0.00 2020 USDA REV BONDS590-000.000-302.000
2,605,131.50 2,059,825.62 Total Liabilities
*** Fund Balance ***
3,831,926.00 3,831,926.00 INVESTED IN CAP ASSETS-NET OF DEBT590-000.000-391.00058,715.00 58,715.00 NET POSITION - RESTRICTED590-000.000-393.000
1,984,996.20 1,984,996.20 NET POSITION - UNRESTRICTED590-000.000-395.000
5,875,637.20 5,875,637.20 Total Fund Balance
5,875,637.20 Beginning Fund Balance
(23,632.56)Net of Revenues VS Expenditures5,852,004.64 Ending Fund Balance8,457,136.14 Total Liabilities And Fund Balance
BALANCE SHEET FOR VILLAGE OF PINCKNEY 9/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney
Period Ending 12/31/2020
Fund 591 Village Water Fund
BalanceCurrent YearBeg. BalanceDescriptionGL Number
*** Assets ***
3,286.36 369.84 CASH - CHECKING591-000.000-001.000157,840.94 91,305.19 CASH - DEPOSITORY591-000.000-002.000
2,221,769.64 2,255,359.40 INVESTMENT POOL HOLDINGS591-000.000-015.63077,261.19 63,269.07 Utilities Receivable591-000.000-037.000
0.00 27,784.04 DELINQ WATER ON TAX ROLL591-000.000-037.500434.50 1,738.00 Prepaid Insurance591-000.000-090.000
0.00 1,228.03 Prepaid Expenses591-000.000-090.10036,904.80 36,904.80 Inventory591-000.000-101.000174,315.71 174,315.71 BUILDINGS591-000.000-136.000(25,898.33)(23,719.37)A/D - BUILDINGS591-000.000-137.00032,640.12 32,627.12 VEHICLES591-000.000-148.000(32,627.12)(32,627.12)ACCUM. DEPR. - VEHICLES591-000.000-149.000315,184.42 315,184.42 MACHINERY & EQUIPMENT591-000.000-150.000
(133,137.34)(123,784.13)A/D - MACHINERY & EQUIPMENT591-000.000-151.0004,628,344.78 4,628,344.78 Water System591-000.000-152.000
(2,965,751.49)(2,905,172.19)Accum. Depr. - Water System591-000.000-153.00012,377.00 12,377.00 DEFERRED OUTFLOW591-000.000-180.000
4,502,945.18 4,555,504.59 Total Assets
*** Liabilities ***
1,182.77 3,618.74 Accounts Payable591-000.000-202.000300.00 300.00 CUSTOMER DEPOSITS AND INTEREST PAYABLE591-000.000-255.000
0.00 3,668.52 ACCRUED WAGE & PAYROLL LIABILITIES591-000.000-260.00042,731.00 42,731.00 NET PENSION LIABILITY591-000.000-262.001
44,213.77 50,318.26 Total Liabilities
*** Fund Balance ***
2,065,170.00 2,065,170.00 INVESTED IN CAP ASSETS-NET OF DEBT591-000.000-393.0002,440,016.33 2,440,016.33 NET POSITION - UNRESTRICTED591-000.000-395.000
4,505,186.33 4,505,186.33 Total Fund Balance
4,505,186.33 Beginning Fund Balance
(46,454.92)Net of Revenues VS Expenditures4,458,731.41 Ending Fund Balance4,502,945.18 Total Liabilities And Fund Balance
BALANCE SHEET FOR VILLAGE OF PINCKNEY 10/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney
Period Ending 12/31/2020
Fund 592 USDA SEWER UPGRADE PROJECT
BalanceCurrent YearBeg. BalanceDescriptionGL Number
*** Assets ***
2,520,573.65 2,074,428.80 Construction In Progress592-000.000-158.000
2,520,573.65 2,074,428.80 Total Assets
*** Liabilities ***
0.00 108,780.76 Accounts Payable592-000.000-202.00086,598.81 68,116.54 CONSTRUCTION RETAINAGE592-000.000-204.000-USDA2018
2,771,152.95 2,234,709.61 Due To Sewer - O & M592-000.000-214.590
2,857,751.76 2,411,606.91 Total Liabilities
*** Fund Balance ***
(337,178.11)(337,178.11)NET POSITION - UNRESTRICTED592-000.000-395.000
(337,178.11)(337,178.11)Total Fund Balance
(337,178.11)Beginning Fund Balance
0.00 Net of Revenues VS Expenditures(337,178.11)Ending Fund Balance
2,520,573.65 Total Liabilities And Fund Balance
BALANCE SHEET FOR VILLAGE OF PINCKNEY 11/11Page:01/21/2021 08:17 AMUser: ACLARK(WOODHILL)DB: Pinckney
Period Ending 12/31/2020
Fund 701 Trust & Agency
BalanceCurrent YearBeg. BalanceDescriptionGL Number
*** Assets ***
30,315.71 54,677.09 CASH - DEPOSITORY701-000.000-002.000
30,315.71 54,677.09 Total Assets
*** Liabilities ***
1,213.00 20,481.33 Accounts Payable701-000.000-202.00029,102.71 32,655.41 MASTER PROJECT ACCT: DO NOT POST701-000.000-214.000
0.00 1,540.35 Due To General701-000.000-214.101
30,315.71 54,677.09 Total Liabilities
*** Fund Balance ***
0.00 0.00 Total Fund Balance
0.00 Beginning Fund Balance
0.00 Net of Revenues VS Expenditures0.00 Ending Fund Balance
30,315.71 Total Liabilities And Fund Balance
REVENUE AND EXPENDITURE REPORT FOR VILLAGE OF PINCKNEY 1/10Page:01/21/2021 08:25 AMUser: ACLARK(WOODHILL)DB: Pinckney
PERIOD ENDING 12/31/2020% Fiscal Year Completed: 50.41
% BDGTUSED
AVAILABLEBALANCE
NORMAL (ABNORMAL)
YTD BALANCE12/31/2020
NORMAL (ABNORMAL)
2020-21ORIGINAL
BUDGET
END BALANCE06/30/2020
NORMAL (ABNORMAL)DESCRIPTIONGL NUMBER
Fund 101 - General FundRevenues
50.09 87,099.76 87,410.24 174,510.00 176,568.13 CHARGES FOR SERVICESCHGS59.71 7,453.26 11,046.74 18,500.00 19,223.80 FRANCHISE AND LIQUOR CONTROL FEESFRANLIQ
212.78 (22,555.00)42,555.00 20,000.00 19,266.80 GRANTSGRANTS21.96 3,511.72 988.28 4,500.00 10,621.08 INTEREST INCOMEINT66.91 18,449.82 37,302.18 55,752.00 63,308.97 INTERFUND CHARGES & TRANSFERSINTGOVT44.67 14,108.63 11,391.37 25,500.00 36,265.96 LICENSES, FINES, & PERMITSLICENSE99.58 20.94 4,979.06 5,000.00 13,195.55 MISCELLANEOUS REVENUEOTHER
111.32 (70,644.66)694,750.66 624,106.00 672,776.32 PROPERTY TAXESPROPTX100.00 72,191.57 (72,191.57)0.00 (69,268.00)DDA TAX CAPTUREPRPTXCAP72.74 24,534.31 65,465.69 90,000.00 97,734.75 RENTAL REVENUERENTS45.18 103,723.76 85,476.24 189,200.00 211,194.39 STATE SHARED REVENUESSTSHRD
80.29 237,894.11 969,173.89 1,207,068.00 1,250,887.75 TOTAL REVENUES
ExpendituresFunction: GENERAL GOVERNMENT
49.60 7,636.94 7,517.06 15,154.00 11,074.00 VILLAGE COUNCIL101.00018.24 13,154.91 2,935.09 16,090.00 5,051.54 VILLAGE PRESIDENT171.00047.02 26,169.92 23,225.08 49,395.00 64,728.26 VILLAGE CLERK215.000
100.00 0.00 4,000.00 4,000.00 4,000.00 AUDITORS223.00090.14 1,788.86 16,361.14 18,150.00 19,780.41 SECRETARY248.00052.87 3,018.49 3,386.51 6,405.00 7,175.65 VILLAGE TREASURER253.0000.00 2,000.00 0.00 2,000.00 0.00 ELECTIONS262.000
16.02 21,655.85 4,131.15 25,787.00 25,941.26 BUILDINGS & GROUNDS265.000207.47 (13,433.85)25,933.85 12,500.00 6,858.17 LEGAL FEES266.00052.43 46,301.75 51,025.25 97,327.00 88,730.16 OFFICE OVERHEAD299.00047.96 282,226.08 260,073.92 542,300.00 489,251.52 POLICE DEPARTMENT301.00035.23 189,495.59 103,076.41 292,572.00 316,481.89 DEPT OF PUBLIC WORKS441.00039.29 7,589.26 4,910.74 12,500.00 11,995.69 STREET LIGHTS448.00042.08 136,815.38 99,384.62 236,200.00 157,126.24 REFUSE, LEAF & BRUSH528.00040.79 8,182.85 5,637.15 13,820.00 14,036.03 PLANNING COMMISSION721.00053.64 22,944.60 26,543.40 49,488.00 41,454.70 ZONING ADMINISTRATOR722.0000.00 3,000.00 0.00 3,000.00 2,500.00 ECONOMIC DEVELOPMENT728.000
32.86 19,550.49 9,569.51 29,120.00 26,625.79 PARKS & RECREATION751.0000.00 14,380.00 0.00 14,380.00 13,061.00 TRANSFER966.000
0.00 792,477.12 647,710.88 1,440,188.00 1,305,872.31 Total - Function Unclassified
44.97 792,477.12 647,710.88 1,440,188.00 1,305,872.31 TOTAL EXPENDITURES
1,523,570.65 968,987.64 1,202,107.64 END FUND BALANCE1,202,107.64 1,202,107.64 1,257,092.20 BEG. FUND BALANCE
137.90 (554,583.01)321,463.01 (233,120.00)(54,984.56)NET OF REVENUES & EXPENDITURES
44.97 792,477.12 647,710.88 1,440,188.00 1,305,872.31 TOTAL EXPENDITURES80.29 237,894.11 969,173.89 1,207,068.00 1,250,887.75 TOTAL REVENUES
Fund 101 - General Fund:
REVENUE AND EXPENDITURE REPORT FOR VILLAGE OF PINCKNEY 2/10Page:01/21/2021 08:25 AMUser: ACLARK(WOODHILL)DB: Pinckney
PERIOD ENDING 12/31/2020% Fiscal Year Completed: 50.41
% BDGTUSED
AVAILABLEBALANCE
NORMAL (ABNORMAL)
YTD BALANCE12/31/2020
NORMAL (ABNORMAL)
2020-21ORIGINAL
BUDGET
END BALANCE06/30/2020
NORMAL (ABNORMAL)DESCRIPTIONGL NUMBER
Fund 102 - Police Training FundRevenues
27.99 720.15 279.85 1,000.00 447.25 GRANTSGRANTS100.00 (0.29)0.29 0.00 2.09 INTEREST INCOMEINT
28.01 719.86 280.14 1,000.00 449.34 TOTAL REVENUES
ExpendituresFunction: PUBLIC SAFETY
27.99 720.15 279.85 1,000.00 447.25 POLICE DEPARTMENT301.000
27.99 720.15 279.85 1,000.00 447.25 Total - Function PUBLIC SAFETY
27.99 720.15 279.85 1,000.00 447.25 TOTAL EXPENDITURES
1,418.74 1,418.45 1,418.45 END FUND BALANCE1,418.45 1,418.45 1,416.36 BEG. FUND BALANCE
100.00 (0.29)0.29 0.00 2.09 NET OF REVENUES & EXPENDITURES
27.99 720.15 279.85 1,000.00 447.25 TOTAL EXPENDITURES28.01 719.86 280.14 1,000.00 449.34 TOTAL REVENUES
Fund 102 - Police Training Fund:
REVENUE AND EXPENDITURE REPORT FOR VILLAGE OF PINCKNEY 3/10Page:01/21/2021 08:25 AMUser: ACLARK(WOODHILL)DB: Pinckney
PERIOD ENDING 12/31/2020% Fiscal Year Completed: 50.41
% BDGTUSED
AVAILABLEBALANCE
NORMAL (ABNORMAL)
YTD BALANCE12/31/2020
NORMAL (ABNORMAL)
2020-21ORIGINAL
BUDGET
END BALANCE06/30/2020
NORMAL (ABNORMAL)DESCRIPTIONGL NUMBER
Fund 150 - Cemetery FundRevenues
155.95 (2,350.00)6,550.00 4,200.00 12,050.00 CHARGES FOR SERVICESCHGS20.06 639.55 160.45 800.00 1,327.74 INTEREST INCOMEINT0.00 14,380.00 0.00 14,380.00 13,061.00 INTERFUND CHARGES & TRANSFERSINTGOVT
34.63 12,669.55 6,710.45 19,380.00 26,438.74 TOTAL REVENUES
ExpendituresFunction: CEMETERY
56.58 15,471.34 20,158.66 35,630.00 13,401.97 CEMETERY276.000
56.58 15,471.34 20,158.66 35,630.00 13,401.97 Total - Function CEMETERY
56.58 15,471.34 20,158.66 35,630.00 13,401.97 TOTAL EXPENDITURES
154,999.61 152,197.82 168,447.82 END FUND BALANCE168,447.82 168,447.82 155,411.05 BEG. FUND BALANCE
82.76 (2,801.79)(13,448.21)(16,250.00)13,036.77 NET OF REVENUES & EXPENDITURES
56.58 15,471.34 20,158.66 35,630.00 13,401.97 TOTAL EXPENDITURES34.63 12,669.55 6,710.45 19,380.00 26,438.74 TOTAL REVENUES
Fund 150 - Cemetery Fund:
REVENUE AND EXPENDITURE REPORT FOR VILLAGE OF PINCKNEY 4/10Page:01/21/2021 08:25 AMUser: ACLARK(WOODHILL)DB: Pinckney
PERIOD ENDING 12/31/2020% Fiscal Year Completed: 50.41
% BDGTUSED
AVAILABLEBALANCE
NORMAL (ABNORMAL)
YTD BALANCE12/31/2020
NORMAL (ABNORMAL)
2020-21ORIGINAL
BUDGET
END BALANCE06/30/2020
NORMAL (ABNORMAL)DESCRIPTIONGL NUMBER
Fund 202 - Major Street FundRevenues
26.20 1,660.47 589.53 2,250.00 4,590.61 INTEREST INCOMEINT38.97 103,753.96 66,246.04 170,000.00 173,802.24 STATE SHARED REVENUESSTSHRD
38.80 105,414.43 66,835.57 172,250.00 178,392.85 TOTAL REVENUES
ExpendituresFunction: PUBLIC WORKS
6.83 126,863.75 9,296.25 136,160.00 114,886.77 MAJOR STREET - ACT 51452.000
6.83 126,863.75 9,296.25 136,160.00 114,886.77 Total - Function PUBLIC WORKS
6.83 126,863.75 9,296.25 136,160.00 114,886.77 TOTAL EXPENDITURES
665,140.75 643,691.43 607,601.43 END FUND BALANCE607,601.43 607,601.43 544,095.35 BEG. FUND BALANCE
159.43 (21,449.32)57,539.32 36,090.00 63,506.08 NET OF REVENUES & EXPENDITURES
6.83 126,863.75 9,296.25 136,160.00 114,886.77 TOTAL EXPENDITURES38.80 105,414.43 66,835.57 172,250.00 178,392.85 TOTAL REVENUES
Fund 202 - Major Street Fund:
REVENUE AND EXPENDITURE REPORT FOR VILLAGE OF PINCKNEY 5/10Page:01/21/2021 08:25 AMUser: ACLARK(WOODHILL)DB: Pinckney
PERIOD ENDING 12/31/2020% Fiscal Year Completed: 50.41
% BDGTUSED
AVAILABLEBALANCE
NORMAL (ABNORMAL)
YTD BALANCE12/31/2020
NORMAL (ABNORMAL)
2020-21ORIGINAL
BUDGET
END BALANCE06/30/2020
NORMAL (ABNORMAL)DESCRIPTIONGL NUMBER
Fund 203 - Local Street FundRevenues
100.00 (448.64)448.64 0.00 1,760.32 INTEREST INCOMEINT0.00 650,000.00 0.00 650,000.00 261,000.00 INTERFUND CHARGES & TRANSFERSINTGOVT0.00 0.00 0.00 0.00 4,587.49 MISCELLANEOUS REVENUEOTHER
40.37 41,741.10 28,258.90 70,000.00 74,143.84 STATE SHARED REVENUESSTSHRD
3.99 691,292.46 28,707.54 720,000.00 341,491.65 TOTAL REVENUES
ExpendituresFunction: PUBLIC WORKS
1.96 700,333.62 13,996.38 714,330.00 353,471.49 LOCAL STREET - ACT 51453.000
1.96 700,333.62 13,996.38 714,330.00 353,471.49 Total - Function PUBLIC WORKS
1.96 700,333.62 13,996.38 714,330.00 353,471.49 TOTAL EXPENDITURES
470,302.44 461,261.28 455,591.28 END FUND BALANCE455,591.28 455,591.28 467,571.12 BEG. FUND BALANCE
259.46 (9,041.16)14,711.16 5,670.00 (11,979.84)NET OF REVENUES & EXPENDITURES
1.96 700,333.62 13,996.38 714,330.00 353,471.49 TOTAL EXPENDITURES3.99 691,292.46 28,707.54 720,000.00 341,491.65 TOTAL REVENUES
Fund 203 - Local Street Fund:
REVENUE AND EXPENDITURE REPORT FOR VILLAGE OF PINCKNEY 6/10Page:01/21/2021 08:25 AMUser: ACLARK(WOODHILL)DB: Pinckney
PERIOD ENDING 12/31/2020% Fiscal Year Completed: 50.41
% BDGTUSED
AVAILABLEBALANCE
NORMAL (ABNORMAL)
YTD BALANCE12/31/2020
NORMAL (ABNORMAL)
2020-21ORIGINAL
BUDGET
END BALANCE06/30/2020
NORMAL (ABNORMAL)DESCRIPTIONGL NUMBER
Fund 204 - General Highway FundRevenues
14.46 1,924.71 325.29 2,250.00 3,383.21 INTEREST INCOMEINT100.00 0.00 3,000.00 3,000.00 3,000.00 LICENSES, FINES, & PERMITSLICENSE111.37 (33,759.71)330,759.71 297,000.00 318,830.63 PROPERTY TAXESPROPTX100.00 34,878.92 (34,878.92)0.00 (33,312.00)DDA TAX CAPTUREPRPTXCAP12.17 7,026.50 973.50 8,000.00 9,534.25 STATE SHARED REVENUESSTSHRD
96.75 10,070.42 300,179.58 310,250.00 301,436.09 TOTAL REVENUES
ExpendituresFunction: PUBLIC WORKS
2.97 627,348.97 19,201.03 646,550.00 249,422.48 GENERAL HIGHWAY FUND - (NON-ACT 51)446.000
2.97 627,348.97 19,201.03 646,550.00 249,422.48 Total - Function PUBLIC WORKS
2.97 627,348.97 19,201.03 646,550.00 249,422.48 TOTAL EXPENDITURES
835,114.26 217,835.71 554,135.71 END FUND BALANCE554,135.71 554,135.71 502,122.10 BEG. FUND BALANCE
83.55 (617,278.55)280,978.55 (336,300.00)52,013.61 NET OF REVENUES & EXPENDITURES
2.97 627,348.97 19,201.03 646,550.00 249,422.48 TOTAL EXPENDITURES96.75 10,070.42 300,179.58 310,250.00 301,436.09 TOTAL REVENUES
Fund 204 - General Highway Fund:
REVENUE AND EXPENDITURE REPORT FOR VILLAGE OF PINCKNEY 7/10Page:01/21/2021 08:25 AMUser: ACLARK(WOODHILL)DB: Pinckney
PERIOD ENDING 12/31/2020% Fiscal Year Completed: 50.41
% BDGTUSED
AVAILABLEBALANCE
NORMAL (ABNORMAL)
YTD BALANCE12/31/2020
NORMAL (ABNORMAL)
2020-21ORIGINAL
BUDGET
END BALANCE06/30/2020
NORMAL (ABNORMAL)DESCRIPTIONGL NUMBER
Fund 248 - Downtown Dev. AuthorityRevenues
37.29 235.16 139.84 375.00 641.52 INTEREST INCOMEINT0.00 1,500.00 0.00 1,500.00 3,225.00 LICENSES, FINES, & PERMITSLICENSE
360.15 (2,601.47)3,601.47 1,000.00 1,160.50 MISCELLANEOUS REVENUEOTHER96.37 5,242.18 139,257.82 144,500.00 135,260.61 PROPERTY TAXESPROPTX0.00 3,600.00 0.00 3,600.00 4,239.52 STATE SHARED REVENUESSTSHRD
94.72 7,975.87 142,999.13 150,975.00 144,527.15 TOTAL REVENUES
ExpendituresFunction: Unclassified
19.34 92,319.73 22,139.27 114,459.00 106,862.62 ECONOMIC DEVELOPMENT728.000
19.34 92,319.73 22,139.27 114,459.00 106,862.62 Total - Function Unclassified
19.34 92,319.73 22,139.27 114,459.00 106,862.62 TOTAL EXPENDITURES
259,290.79 174,946.93 138,430.93 END FUND BALANCE138,430.93 138,430.93 100,766.40 BEG. FUND BALANCE
330.98 (84,343.86)120,859.86 36,516.00 37,664.53 NET OF REVENUES & EXPENDITURES
19.34 92,319.73 22,139.27 114,459.00 106,862.62 TOTAL EXPENDITURES94.72 7,975.87 142,999.13 150,975.00 144,527.15 TOTAL REVENUES
Fund 248 - Downtown Dev. Authority:
REVENUE AND EXPENDITURE REPORT FOR VILLAGE OF PINCKNEY 8/10Page:01/21/2021 08:25 AMUser: ACLARK(WOODHILL)DB: Pinckney
PERIOD ENDING 12/31/2020% Fiscal Year Completed: 50.41
% BDGTUSED
AVAILABLEBALANCE
NORMAL (ABNORMAL)
YTD BALANCE12/31/2020
NORMAL (ABNORMAL)
2020-21ORIGINAL
BUDGET
END BALANCE06/30/2020
NORMAL (ABNORMAL)DESCRIPTIONGL NUMBER
Fund 590 - SEWER O & M FUNDRevenues
52.33 245,011.28 268,957.72 513,969.00 507,009.24 CHARGES FOR SERVICESCHGS0.00 300,946.00 0.00 300,946.00 0.00 GRANTSGRANTS
11.41 14,263.06 1,836.94 16,100.00 15,630.81 INTEREST INCOMEINT31.38 10,951.02 5,008.98 15,960.00 11,533.81 INTERFUND CHARGES & TRANSFERSINTGOVT
100.00 (1,875.36)1,875.36 0.00 25,639.17 MISCELLANEOUS REVENUEOTHER
32.78 569,296.00 277,679.00 846,975.00 559,813.03 TOTAL REVENUES
ExpendituresFunction: SEWER SYSTEM
18.66 1,313,173.44 301,311.56 1,614,485.00 529,011.99 SEWER OPERATIONS590.000
18.66 1,313,173.44 301,311.56 1,614,485.00 529,011.99 Total - Function SEWER SYSTEM
18.66 1,313,173.44 301,311.56 1,614,485.00 529,011.99 TOTAL EXPENDITURES
5,852,004.64 5,108,127.20 5,875,637.20 END FUND BALANCE5,875,637.20 5,875,637.20 5,844,836.16 BEG. FUND BALANCE
3.08 (743,877.44)(23,632.56)(767,510.00)30,801.04 NET OF REVENUES & EXPENDITURES
18.66 1,313,173.44 301,311.56 1,614,485.00 529,011.99 TOTAL EXPENDITURES32.78 569,296.00 277,679.00 846,975.00 559,813.03 TOTAL REVENUES
Fund 590 - SEWER O & M FUND:
REVENUE AND EXPENDITURE REPORT FOR VILLAGE OF PINCKNEY 9/10Page:01/21/2021 08:25 AMUser: ACLARK(WOODHILL)DB: Pinckney
PERIOD ENDING 12/31/2020% Fiscal Year Completed: 50.41
% BDGTUSED
AVAILABLEBALANCE
NORMAL (ABNORMAL)
YTD BALANCE12/31/2020
NORMAL (ABNORMAL)
2020-21ORIGINAL
BUDGET
END BALANCE06/30/2020
NORMAL (ABNORMAL)DESCRIPTIONGL NUMBER
Fund 591 - Village Water FundRevenues
59.19 105,900.52 153,604.48 259,505.00 265,023.86 CHARGES FOR SERVICESCHGS16.25 12,562.36 2,437.64 15,000.00 21,743.58 INTEREST INCOMEINT
100.00 (813.46)813.46 0.00 470.97 INTERFUND CHARGES & TRANSFERSINTGOVT0.00 0.00 0.00 0.00 2,143.97 MISCELLANEOUS REVENUEOTHER
57.14 117,649.42 156,855.58 274,505.00 289,382.38 TOTAL REVENUES
ExpendituresFunction: WATER SYSTEM
52.92 180,839.50 203,310.50 384,150.00 299,795.09 VILLAGE WATER DEPT591.000
52.92 180,839.50 203,310.50 384,150.00 299,795.09 Total - Function WATER SYSTEM
52.92 180,839.50 203,310.50 384,150.00 299,795.09 TOTAL EXPENDITURES
4,458,731.41 4,395,541.33 4,505,186.33 END FUND BALANCE4,505,186.33 4,505,186.33 4,515,599.04 BEG. FUND BALANCE
42.37 (63,190.08)(46,454.92)(109,645.00)(10,412.71)NET OF REVENUES & EXPENDITURES
52.92 180,839.50 203,310.50 384,150.00 299,795.09 TOTAL EXPENDITURES57.14 117,649.42 156,855.58 274,505.00 289,382.38 TOTAL REVENUES
Fund 591 - Village Water Fund:
REVENUE AND EXPENDITURE REPORT FOR VILLAGE OF PINCKNEY 10/10Page:01/21/2021 08:25 AMUser: ACLARK(WOODHILL)DB: Pinckney
PERIOD ENDING 12/31/2020% Fiscal Year Completed: 50.41
% BDGTUSED
AVAILABLEBALANCE
NORMAL (ABNORMAL)
YTD BALANCE12/31/2020
NORMAL (ABNORMAL)
2020-21ORIGINAL
BUDGET
END BALANCE06/30/2020
NORMAL (ABNORMAL)DESCRIPTIONGL NUMBER
Fund 592 - USDA SEWER UPGRADE PROJECTExpendituresFunction: Unclassified
0.00 1,518,500.00 0.00 1,518,500.00 0.00 USDA SEWER UPGRADE PROJECT592.000
0.00 1,518,500.00 0.00 1,518,500.00 0.00 Total - Function Unclassified
0.00 1,518,500.00 0.00 1,518,500.00 0.00 TOTAL EXPENDITURES
(337,178.11)(1,855,678.11)(337,178.11)END FUND BALANCE(337,178.11)(337,178.11)(337,178.11)BEG. FUND BALANCE
0.00 (1,518,500.00)0.00 (1,518,500.00)0.00 NET OF REVENUES & EXPENDITURES
0.00 1,518,500.00 0.00 1,518,500.00 0.00 TOTAL EXPENDITURES0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES
Fund 592 - USDA SEWER UPGRADE PROJECT:
13,883,395.18 10,268,329.68 13,171,378.68 END FUND BALANCE - ALL FUNDS13,171,378.68 13,171,378.68 13,051,731.67 BEG. FUND BALANCE - ALL FUNDS
24.53 (3,615,065.50)712,016.50 (2,903,049.00)119,647.01 NET OF REVENUES & EXPENDITURES
18.73 5,368,047.62 1,237,404.38 6,605,452.00 2,973,171.97 TOTAL EXPENDITURES - ALL FUNDS52.65 1,752,982.12 1,949,420.88 3,702,403.00 3,092,818.98 TOTAL REVENUES - ALL FUNDS
FUND: 101 102 150 202 203 204 248 487 590 591 592 701 703CASH AND INVESTMENT ACCOUNTS
CASH SUMMARY BY FUND FOR VILLAGE OF PINCKNEY 1/1Page: 01/21/2021 08:27 AMUser: ACLARK(WOODHILL)DB: Pinckney
FROM 07/01/2020 TO 12/31/2020
EndingBalance
12/31/2020Total
Credits Total
Debits
BeginningBalance
07/01/2020DescriptionFund
1,491,723.50 1,851,188.77 2,245,286.99 1,097,625.28 General Fund101
1,418.74 393.64 393.93 1,418.45 Police Training Fund102
154,920.41 49,805.83 36,082.88 168,643.36 Cemetery Fund150
665,274.28 45,891.46 130,098.29 581,067.45 Major Street Fund202
473,677.47 86,023.34 111,867.33 447,833.48 Local Street Fund203
837,308.04 95,648.67 373,667.76 559,288.95 General Highway Fund204
259,321.43 54,175.99 171,329.76 142,167.66 Downtown Dev. Authority248
1,915,100.83 2,139,430.78 2,254,186.83 1,800,344.78 SEWER O & M FUND590
2,382,896.94 361,545.80 397,408.31 2,347,034.43 Village Water Fund591
30,315.71 32,661.38 8,300.00 54,677.09 Trust & Agency701
8,211,957.35 4,716,765.66 5,728,622.08 7,200,100.93 TOTAL - ALL FUNDS
VILLAGE OF PINCKNEY: INVESTMENT REPORTAS OF: 12/31/2020
Acct Name Type Investment Holding Account # BALANCE RATE OPEN Paid To Dt MATURITY ACCRUED NOTE
INVESTMENTSCDAR CDAR Old National #8154 526,057.55 0.04% 12/24/2020 12/31/2020 6/24/2021 0.00 Rollover
#1602 0.00 0.05% 6/25/2020 12/24/2020 Roll to #8154#2926 618,105.71 0.05% 8/6/2020 12/31/2020 2/4/2021 0.00 Rollover
CDAR Flagstar #0517 773,914.96 0.17% 12/3/2020 N/A 12/2/2021 100.84 Rollover
CDAR 630-000.000-011.000 1,918,078.22 Wtd Avg 0.10% 100.84 Accrued CDARs
CDEP CD AASB/Level One #4142 258,065.37 0.20% 10/13/2020 4/12/2021 111.71 From #7617 Collateral @ 8/31 $1.57MM #4325 524,805.47 0.20% 10/27/2020 4/26/2021 186.92 From #8836 Amt not FDIC Ins $1.57MM #7617 0.00 0.30% 4/13/2020 10/13/2020 To #4142
#8836 0.00 0.50% 10/27/2019 10/27/2020 To #4325#3254 834,950.21 0.25% 7/25/2020 1/21/2021 909.30 From #0413
CDEP CD Chemical Bank/TCF #7013 257,901.65 0.22% 9/29/2020 12/28/2020 9/29/2021 4.66 Rolled 9/2020CDEP CD Comerica #2259 204,246.55 0.20% 7/1/2020 7/1/2021 204.81 Rate Estimated
630-000.000-003.100 2,079,969.25 Wtd Avg 0.22% 1,417.39 Accrued CDs
1,518.24 Total Accrued(361.91) Current Accrued
1,880.15 Period Accrual
FEES YTDMMKT MMktCkng Chelsea State Bank #3044 251,021.06 0.10%MMKT MMktMuniChemical Bank/TCF #6309 250,497.92 0.05%MMKT MMktBus Comerica #2052 251,040.27 0.12% 110.00 MMKT MMktSav Level One f/k/a AASB #8074 202,746.56 0.25%MMKT PublicFndsMktOld National #7157 629,724.83 0.04%MMKT MMktBus PNC #9072 251,851.83 0.03%
630-000.000-001.901 1,836,882.47 Wtd Avg 0.08%
SAV Savings Flagstar #2345 257,938.42 0.15%630-000.000-002.100 257,938.42
CKLTD GovtChkng Flagstar #0337 146,666.18 0.05%630-000.000-001.100 146,666.18
Accrued Interest Receivable 1,518.24 630-000.000-056.000
TOTAL FUND 630 6,241,052.78 Weighted Average Interest Rate 0.14%
3 Month Treasury 0.09% **
**Source: US Dept of Treasury
OPERATING FEES YTDChecking 101 Huntington - GF Checking #9069/#8270 6,709.14 0.00%Checking Ckng2 Huntington - Depository #9072 1,932,351.60 0.05% 53.00 Checking 701 Huntington - Escrow #9085 30,315.71 0.00%Checking 703TX PNC - Tax #5594 0.00 0.00% 112.94 Checking USDA Huntington - Sewer Const #6573 477.06 0.10% 30.00 Checking USDA2 Huntington - Bond Pmt #6560 801.06 0.05%
Petty Cash 250.00Total Operating Cash 1,970,904.57
TOTAL CASH & INVESTMENTS 8,211,957.35
1 VOP Cover Memo Council Meeting 2021-1-25.pdf (p.1)2 VOP Fund Balance Sheets 2020-12-31.pdf (p.2-12)3 VOP Revenues & Expenditures 2020-12-31.pdf (p.13-22)4 VOP Cash Summary by Fund 2020-12-31.pdf (p.23)5 VOP Investment Report 2020-12-31.pdf (p.24)