FINANCIAL POSITION
Total Reserves @ 5/31/04				$606,632
	General		$308,161
	Water		$123,066
	Repair Reserve		$83,157
	Bayfront Reserve		$47,865
	Oceanfront Reserve		$0
	Equipment Reserve		$0
	Other Reserves		$42,238
	Capital		$2,145
Anticipated Surplus from 2004/05 Budget				$185,807
Capital Project Paid from Reserves				$614,082
Total Anticipated Reserves @ 5/31/05				$178,357
Total Outstanding Debt @ 6/1/05				$2,705,000
REVENUES
ACCT #	ACCOUNT NAME			2005/06 BUDGET
401001	Real Estate Tax			$      1,582,614
401501	Interest & Penalties on Taxes			$             4,500
401901	Real Estate Rental Fee			$           33,500
402001	Building Permit Fee			$             7,000
402101	Propane Tank & BBQ Inspection Fees			$             9,250
402401	Water Taxi Fee			$             4,000
402501	Ferry Franchise			$           61,346
402601	Cartage Concession Fee			$             3,750
402701	Utility Tax			$             3,850
403001	Parking Franchise Fee			$           98,705
404001	Recreation Fees			$         151,084
405001	Mooring Fees			$           46,000
405101	Library Receipts			$             2,000
405201	Misc. Clerk Fees			$             1,250
406001	Interest on General Account			$           48,785
407001	P.O. Rental			$             2,500
407601	Ferry Tix Handling Fee			$           12,750
408001	Driving Permits			$           16,000
416001	Tax Certiori - Parking Lot			$           25,000
409001	Court Fines			$             1,300
410001	Current Year Unallocated Income			$             1,500
411001	Per Capita State Aid			$             1,800
411101	A3089 State Aid			$                900
412001	Mortgage Tax Return			$           55,000
413001	Youth Programs			$             1,600
415101	State/Town Grant			$                   -
415201	Dr. Rental Fee			$             1,500
415901	Donations			$             1,000
416101	Interest Repair Reserve			$             1,902
416106	Water Fees			$         113,300
417103	Jetting Fee			$                600
417403	Swim Pool Fees			$                225
417603	Interest Water Fund			$             1,822
499809	2004/05 Non Tax Revenue			$         713,719
411001	2004/05 Tax Receipts			$      1,582,614
499909	2004/05 Combined Revenue			$      2,296,333
APPROPRIATIONS
ACCT #	ACCOUNT NAME			2005/06 BUDGET
		BOARD OF TRUSTEES
510301	Board Operations			$2,500
515000	Total Board of Trustees			$2,500
VILLAGE JUSTICE
520101	Personnel Service			$2,500
520301	Justice Operations			$750
525000	Total Village Justice			$3,250
AUDITOR
530301	Auditor			$28,000
535000	Total Auditor			$28,000
VILLAGE CLERK
550101	Personnel Services			$152,500
550201	Clerk Capital Expense			$850
550301	Clerk Operations			$1,000
550501	Telephone Clerk			$5,375
550601	Cartage Clerk			$250
550701	Legal Notice Clerk			$500
550801	Postage Clerk			$5,000
550901	Equipment Repair			$1,000
551001	Equipment Rental			$3,480
551101	Stationery Printing Clerk			$5,500
551201	Payroll Prep.			$4,000
555000	Total Village Clerk			$179,455
ELECTIONS
560301	Election Operations			$400
565000	Total Elections			$400
VILLAGE ATTORNEY
570201	Contract Services			$26,600
570301	Legal Operations			$500
575000	Total Village Attorney			$27,100
POST OFFICE
580101	Personnel Services			$3,250
580301	P.O. Operations			$250
580501	Telephone P.O.			$250
581301	Ferry Tickets/Travel (5 BOOKS)			$870
585000	Total Post Office			$4,620
BUILDING
590101	Personnel Services			$36,571
590201	Building Capital			$14,500
590301	Building Operations			$1,000
590401	Electric Building			$15,000
590501	Phone Building			$750
590601	Cartage FIF Building			$500
590701	Lumber & Supply Building			$13,850
590801	Fuel Oil Building			$19,000
590901	Rep & Maint. Building			$12,600
591201	Equipment R&M Building			$4,434
595000	Total Building			$118,205
SECURITY DEPT.
600101	Personnel Service			$119,564
600201	Capital Expenses			$250
600301	Security Operations			$1,300
600401	Electricity Security			$450
600501	Telephone Security			$3,450
600601	Carting Security			$50
600701	Ferry Tix Security			$1,044
600801	Supplies Security			$1,250
600901	Maintenace of Communications Equipment			$350
601001	Vehicle Mtce/Gasoline Security			$1,000
601101	Stationery Printing Security			$1,250
601201	Uniforms Security			$1,500
601301	Automobile Lease Security			$3,816
605000	Total Security			$135,274
FIRE DEPARTMENT
610101	Contract			$17,500
610201	Capital Expenditures FD			$17,145
610301	FD Operations			$500
610401	Electricity FD			$5,000
610501	Telephone FD			$5,500
610601	Cartage FD			$0
610701	Bottled Gas FD			$400
610801	Supplies FD			$4,200
610901	Maintenance FD			$8,750
611101	Stationery & Printing FD			$0
611201	Breathing Apparatus: Testing & Refilling			$4,700
611301	Physicals & Certifications			$5,000
611401	Special Allocation			$0
615000	Total Fire Department			$68,695
PUBLIC HEALTH
620301	Public Health Operations			$16,250
620501	Telephone Health			$1,250
625000	Total Public Health			$17,500
WALKS
630101	Personnel Service			$40,805
630301	Walks Operations			$750
630404	Electric Walks			$3,500
630601	Cartage Walks			$2,000
630701	Lumber Walks			$28,030
630801	Tools & Supplies Walks			$2,650
630901	Concrete Walks			$2,000
631001	Snow Removal Materials			$500
635000	Total Walks			$80,235
PARKING LOT
640301	Parking Operations			$800
645000	Total Parking Lot			$800
RECREATION
650101	Personnel Services			$72,100
650201	Camp Equipment			$2,000
650301	Camp Operations			$28,850
650501	Telephone Recreation			$0
650601	Cartage Recreation			$125
650801	Supplies			$6,300
651101	Stationery & Printing			$250
651301	Ferry Tix/Travel Recreation			$2,610
655000	Total Recreation			$112,235
PARKS & PLAYGROUND
657001	Personnel Services			$49,757
657201	Capital Expense Parks			$5,000
657301	Parks & Playgrounds Operations			$500
657401	Park Maintenance			$1,500
657900	Total Parks & Playgrounds			$56,757
LIFEGUARD SERVICES
660101	Lifeguard Personnel Service			$99,939
660201	Capital Exp. Lifeguard			$3,000
660301	Lifeguard Operations			$1,500
660401	Ferry Tix/Parking Lifeguards			$4,250
660501	Phone - Lifeguards			$400
660601	Clothing - Lifeguards			$2,100
665000	Total Lifeguards			$111,189
BEACHES
666101	Personnel Service			$37,821
666201	Capital Expense Beach			$0
666301	Beach Operations			$1,500
666401	Maintenance Beach			$24,250
666601	Cartage Beaches			$1,000
666900	Total Beaches			$64,571
MARINA & DOCK
670101	Personnel Service			$7,217
670201	Capital Expense Docks			$1,500
670301	Dock Operations			$500
670401	Electricity Docks			$350
670601	Cartage Docks			$250
670701	Lumber & Supplies Docks			$2,000
670901	Repair Docks			$2,000
675000	Total Marine & Docks			$13,817
LIBRARY
676101	Personnel Service			$5,000
676301	Library Program Supplies			$3,250
680000	Total Library			$8,250
REFUSE & INCINERATOR
680101	Personnel Service			$36,882
680201	Capital Outlay Refuse			$21,830
680301	Refuse Operations			$250
680401	Electric Incinerator			$1,250
680601	Cartage FIF Refuse			$40,000
680701	Supplies Incinerator			$1,000
680801	Fuel Oil Incinerator			$9,500
681201	Uniform Clothing			$3,750
681301	Incinerator Maintenance			$4,000
681401	Residue Removal			$4,500
685000	Total Refuse & Incinerator			$122,962
MAINTENANCE SHOP
686101	Personnel Service			$39,801
686201	Capital Outlay Shop			$10,300
686301	Shop Operations			$500
686401	Electric Shop			$1,500
686501	Telephone Shop			$750
686601	Cartage Shop			$250
686701	Supplies Shop			$3,500
686901	Equipment Maintenance			$12,400
687001	Gasoline Equipment			$11,000
687101	Ferry Tix Shop			$0
689000	Total Shop			$80,001
GENERAL VILLAGE OVERHEAD
692101	Assessor Misc.			$500
692201	Fire Marshall			$9,250
692301	Unallocated Insurance			$77,963
692401	Municipal Dues			$2,500
692501	Islip Taxes			$58,823
692801	Miscellaneous General Government			$3,430
693001	Building Inspect. Misc.			$1,000
693101	Retirement Contribution			$50,903
693201	Social Security			$55,480
693301	Worker Comp			$44,793
693401	Unemployment Insurance			$6,717
693501	Group Medical			$130,467
693801	Serial Bond Principal			$390,000
693901	Serial Bond Interest			$115,316
694101	Disability Ins.			$950
694401	BAN Interest			$0
694801	Paying Agent (Village acts as Paying Agent on all remaining bonds)			$0
695000	Total Village General			$948,091
WATER
730103	Personnel			$23,902
730203	Capital Improvement Mains			$0
730303	Wells & Mains Operations			$650
730403	Electric Wells			$12,500
730503	Telephone Wells			$500
730603	Cartage Mains			$500
730803	Equipment Supplies Mains			$11,000
731303	Maintenance Well & Mains			$3,500
731403	Water Testing			$3,250
741003	Total Water			$55,802.00
CAPITAL