Annual report of the Town of Hampton, New Hampshire

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TOWN OF HAMPTON, NEW HAMPSHIRE NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1998 NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. Financial Reporting Entity The Town of Hampton, New Hampshire, is a municipal corporation governed by an elected 5 -member Board of Selectmen. As required by generally accepted accounting principles, these financial statements present the Town of Hampton (primary government), and its component units. Component units are organizations for which the primary government is financially accountable or for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete. Based on the foregoing criteria, no other organizations are included in the Town's financial reporting entity. B. Basis of Presentation - Fund Accounting The accounts of the Town are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures/expenses, as appropriate. The various funds are grouped by type in the financial statements. The following fund types and account groups are used by the Town: Governmental Fund Types General Fund - The General Fund is the general operating fund of the Town. All general tax revenues and other receipts that are not allocated by law or contractual agreement to another fund are accounted for in this fund. From the fund are paid the general operating expenditures, the fixed charges, and the capital improvement costs that are not paid through other funds. Special Revenue Funds - Special Revenue Funds are used to account for the proceeds of specific revenue sources (other than expendable trust or major capital projects) requiring separate accounting because of legal or regulatory provisions or administrative action. Capital Projects Funds - Transactions related to resources obtained and used for the acquisition, construction, or improvement of capital facilities are accounted for in Capital Projects Funds. Fiduciary Fund Types Fiduciary Fund Types - These funds account for assets held by the Town as a trustee or agent for individuals and other units of governments. This fund type includes Nonexpendable Trust Funds, Expendable Trust Funds and Agency Funds.
TOWN OF HAMPTON, NEW HAMPSHIRE NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1998 Account Groups Account groups are not "funds." They are concerned only with the measurement of financial position. They are not involved with measurement of results of operations. The Town uses the following account groups: General Fixed Assets Account Group - General fixed assets have been acquired for general governmental purposes and have been recorded as expenditures in the fund making the expenditure. These expenditures are required to be capitalized at historical cost in a General Fixed Asset Account Group for accountability purposes. In accordance with the practices followed by most other municipal entities in the State, the Town does not maintain such a record of its general fixed assets and, accordingly, a statement of general fixed assets, required by generally accepted accounting principles, is not included in this financial report. General Long-Term Debt Account Group - This account group is established to account for all long-term debt of the Town. C. Measurement Focus/Basis of Accounting Governmental, Expendable Trust and Agency Funds use the modified accrual basis of accounting. Under this method, revenues are recognized in the accounting period in which they become both available and measurable (flow of current financial resources measurement focus). Licenses and permits, fines and forfeits, and miscellaneous revenues are recorded as revenues when received in cash. General taxes, intergovernmental revenues, charges for services, and investment earnings are recorded when earned (when they are measurable and available). Expenditures are recognized in the accounting period in which the fund liability is incurred, if measurable, except expenditures for debt service, prepayments, and other long-term obligations, which are recognized when due. All Nonexpendable Trust Funds are accounted for using the accrual basis of accounting. Their revenues are recognized when they are earned, and their expenses are recognized when they are incurred (flow of economic resources measurement focus). D. Budgetary Accounting General Budget Policies General governmental revenues and expenditures accounted for in budgetary funds are controlled by a formal integrated budgetary accounting system in accordance with various legal requirements which govern the Town's operations. At its annual meeting, the Town adopts a budget for the current year for the General, Lane Memorial Library, Conservation Commission, Cemetery Trustees and Beach Infrastructure Funds. Project Funds. accepted accounting principles. Project-length financial plans are adopted for all Capital Except as reconciled below, budgets are adopted on a basis consistent with generally
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Town of Hampton New Hampshire For t
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Town of Hampton New Hampshire 361th
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DEDICATION The Town of Hampton's An
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TABLE OF CONTENTS Dedication 3 Depa
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ELECTED GOVERNMENTAL OFFICIALS BOAR
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John Callanan 1999 Michael O'Neil 2
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Heritage Commission Stephen Machine
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REPORT OF THE BOARD OF SELECTMEN Th
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Town Manager's Report The voters at
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360TH ANNIVERSARY HAMPTON FOUNDERS'
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ARTICLE 1 To choose by non-partisan
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100 feet (±) along the Westerly si
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Westerly side of Lot Number 41, Map
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with "a change to the wetland delin
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The developer of a subdivision may
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After an on-site inspection by the
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ARTICLE 12 To see if the Town will
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Selectman Warburton spoke on the ne
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Moderator Walker explained that Art
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NOTE: the above agreement is for th
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1999: $21,075 over the amounts for
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Ms. Searle stated that the Fire Dep
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ARTICLE 33 On petition of Richard W
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Jason Page made a motion to end dis
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Gerald Dignam moved the question. S
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ARTICLE 42 We, the undersigned resi
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ARTICLE 45 Whereas the board of thr
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of the 1996 Town vote, such example
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RESULTS OF THE STATE PRIMARY ELECTI
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RESULTS OF THE GENERAL ELECTION NOV
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A new area of responsibility to rep
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Recertification requirements for al
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This was a Recreation & Parks Depar
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Program Coordinator Brenda DeFelice
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TWO YEAR TAX RATE COMPARISON GROSS
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Building Inspection / Code Enforcem
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LANE MEMORIAL LIBRARY A Year of Cha
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' Election Day at the Marston Schoo
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sand/salting crews were called out
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HAMPTON POLICE DEPARTMENT Full-Time
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Also in June, Officer Lynne Charles
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The Detectives were responsible for
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ADMINISTRATIVE SERVICES BUREAU The
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5 1 Missing/Lost (Child) 53 Missing
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1 Skateboards on Public Way 19 Nois
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later as a selectman. A few years a
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TREASURER'S REPORT Another successf
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MOSQUITO CONTROL COMMISSION The Ham
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SCHEDULE OF TOWN BUILDINGS Municipa
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1 TAX COLLECTOR'S REPORT FOR THE YE
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m Q IT) in 3 o o -I o o O CM CM 3 O
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§€&§€ NEW FACES IN TOWN &§
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Kristi Puliem, Accounting Assistant
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The Historical Society presented a
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in getting all concerned agencies,
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TOWN OF HAMPTON NEW HAMPSHIRE TOWN
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1 ARTICLE 4 Are you in favor of the
Page 120 and 121: ARTICLE 6 To see if the Town will v
Page 122 and 123: ARTICLE 11 Shall the Town vote to r
Page 124 and 125: The planner will Article 3, Sec. 8:
Page 126 and 127: ARTICLE 27 Shall the Town Manager/
Page 128 and 129: HAMPTON BOARD OF SELECTMEN Virginia
Page 131 and 132: i . H — X X X C c X LT c; c X r*
Page 133 and 134: o ' X i ' o ro 1 3 u c ' 9 — 1 X
Page 135 and 136: +J r ^ § -S t I s 2 5 X X X D D O
Page 137 and 138: * 1 ? "5 — e; (j Actual ESTIMATED
Page 139 and 140: DATE BIRTHS TO HAMPTON RESIDENTS IN
Page 141 and 142: DATE NAME OF CHILD 08-13-98 Kobie D
Page 143 and 144: DATE GROOM RESIDENCE BRIDE RESIDENC
Page 145 and 146: DEATHS OF HAMPTON RESIDENTS IN 1998
Page 147 and 148: DATE NAME FATHER'S NAME MOTHER'S MA
Page 149 and 150: Sun Mon Tue APRIL Wed Thu Fri Sat 4
Page 151 and 152: Sun Mon OCTOBER Tue Wed Thu Fri Sat
Page 153: » Vincent Official 1 1 l Wrenn, Wi
Page 157 and 158: TOWN OF HAMPTON, NEW HAMPSHIRE TABL
Page 159 and 160: Plodzik & Sanderson Professional As
Page 161: GENERAL PURPOSE FINANCIAL STATEMENT
Page 164 and 165: Fiduciary Fund Types Trust and Agen
Page 166 and 167: EXHIBIT C TOWN OF HAMPTON, NEW HAMP
Page 168 and 169: EXHIBIT D TOWN OF HAMPTON, NEW HAMP
Page 172 and 173: TOWN OF HAMPTON, NEW HAMPSHIRE NOTE
Page 174 and 175: , TOWN OF HAMPTON, NEW HAMPSHIRE NO
Page 191: SUPPLEMENTAL SCHEDULES
Page 194 and 195: SCHEDULE A-2 TOWN OF HAMPTON, NEW H
Page 196 and 197: SCHEDULE A-3 TOWN OF HAMPTON, NEW H
Page 198 and 199: SCHEDULE B-2 TOWN OF HAMPTON, NEW H
Page 200 and 201: 1 SCHEDULE B-4 TOWN OF HAMPTON, NEW
Page 202 and 203: SCHEDULE C-l TOWN OF HAMPTON, NEW H
Page 204 and 205: SCHEDULED-! TOWN OF HAMPTON, NEW HA
Page 206 and 207: SCHEDULE D-3 TOWN OF HAMPTON, NEW H
Page 209: OTHER SUPPLEMENTARY INFORMATION
Page 212 and 213: , SCHEDULE II TOWN OF HAMPTON, NEW
Page 214 and 215: Plodzik & Sanderson Professional As
Page 217: HAMPTON BEACH VILLAGE DISTRICT HAMP
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1 INDEPENDENT AUDITOR'S COMMUNICATI
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INDEPENDENT AUDITOR'S REPORT The Bo
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EXHIBIT B HAMPTON BEACH VILLAGE DIS
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EXHIBIT D HAMPTON BEACH VILLAGE DIS
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HAMPTON BEACH VILLAGE DISTRICT NOTE
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HAMPTON BEACH VILLAGE DISTRICT NOTE
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SUPPLEMENTARY GENERAL FUND STATEMEN
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SCHEDULE 2 HAMPTON BEACH VILLAGE DI
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&tWi£M m d@w$$M mm m&&^mm mm ;. V0
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Annual report of the Town of Hampton, New Hampshire

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