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Home My WebLink AboutAnnual Financial Report for the Fiscal Year Ending 5-31-2010.PDFAll Numbers in This Report Have Been Rounded To The Nearest Dollar ANNUAL INANCIAL REPORT TE DOCUMENT For The of Cayuga Heights Co of Tompkins For the iscal Year Ended 05131 12010 ******************************************************* IZATION ARTICLE 3, SECTION 30 of GENERAL MUNICPAL LAW: 1. ***tivery Municipal *** shall annually make a report of its financial condition to the C . Such report shall be made by the Chief l:iscal Officer of such icipal Corporation *** 5. All reports shall be certi ******************************* be filed with the Comptroller. officer at the time such Comptroller to file such report by the officer making the same and shall* lt shall be the duty of the incumbent are required to be filed with the State Office of NEWYORK State Comptroller Division of Local and School Accountabilitv Albany,York 12236 Financial Information for the following funds and by your government for the fiscal year ended 2009 update document for the fisc;al vear ended 2010: All amounts included in this update document for OSC as reviewed and adjusted where necessary. The American Recovery and [?einvestment Act (ARR is designed to report revenuesi and expenditures of for the current fiscal year ended. The Supplemental Section includes the following 1) Statement of Indebtedness 2) Schedule of Timer Deposits and I 3) Bank Reconciliation 4) Local Government Questionnaire 5) Schedule of Employee and Retiree 6) Schedule of Energy Costs and Con All numbers in this reoort wiill be rounded to the *** Fl (A) GENEIRAL (FX) WATFR (G)SEWER (H)CAPTTAL PROJECTS (K) GENEIRAL FIXED ASSETS (TA) AGEr{CY (W GENE,RAL LONG-TERM DEBT OF Cayuga Heights nt groups are included in the Annual Financial Report filed has been used by the OSC as the basis for preparing this represent data filed by your government with ) section of your Annual Financial Reoort 'al stimulus monev AL SECTION *-* (A) GENERAL Balance Sheet Assets Cash Cash In Time Deposits Petty Cash Taxes Receivable, Currenl Accounts Receivable State & Federal, Other Prepaid Expenses Cash, Special Reserves OF Cayuga Heights Update Document FiscalYear Ending 2010 A391 128,BOB 1,896,790 355 4200 A'201 4210 132,581 1,827,873 355 4410 Due From Other Funds Due From Other Governments Page 3 OSC Municipality Code 500442300850 VIL A For t OF Cayuga Heights Update Document FiscalYear Ending 2010 (A) GENERAL Balance Sheet Liabilities Accounts Payable Reserve For Encumbrances Reserve For Unreserved Fund Balance Appropriated Unreserved Fund Balance Unappropriated AB21 Fiii;'i A882 ffis A910 ;1rr. ii: A91 1 'l ,008,000 944,424 1,477,416 43,324 49,083 3,460 0 Page 4 OSC Municipality Code 500442300850 (A) GENERAL Results of Operation Revenues Real Property Taxes lnterest & Penalties On Real Prop Taxes Non Prop Tax Dist By County Utilities Gross Receiots Tax Clerk Fees Police Fees Charges For Demolition of Unsafe Buildings Public Works Charges Zoning Fees Planning Board Fees Refuse & Garbage Charges Public Safety Services For Other Govts Fire Protection Services Other Gclvts Interest And Earnings Rental of Real Property Permits, Other Fines And Forfeited Bail Sales of Scrap & Excess Materials Sales of Equipment Insurance Recoveries Gifts And Donations Unclassified (specify) St Aid, Revenue Sharing St Aid, Mortgage Tax St Aid, Real Property Tax Admini$tration ST. Aid, Records MgmT. St Aid - Other (specify) St Aid, Consolidated Highway Aid Fed Aid Other Public Safety Fed Aid, Emergency Disaster Assistance E OF Cayuga Heights Update Document For FiscalYear Ending 2010 1 ,997,053 41001 4,859 41090 629,272 A1120 58,226 41130 1,182 A1255 0 41520 0 41570 516 41710 0 42110 0 42115 38,149 A2130 8,454 A2260 169,186 42262 44,935 A2401 7.200 A2410 9,625 42590 19,492 42610 0 42650 21,299 42665 0 42680 42705 42770 18,844 43001 70,186 43005 0 A3040 0 43060 5,000 43089 86,368 A3501 1,886 0 44389 44960 2,050,249 618,710 59,011 82B 0 0 0 100 0 32,990 0 85 9,139 164,819 8,050 12,971 0 9,926 z,ozv 18,111 223 18,844 50,540 0 0 2,285 0 Page 5 OSC Municipality Code 500442300850 (A) GENERAL Results of Operation Other Sources Interfund Transfers OF Cayuga Heights Update Document FiscalYear Ending 2010 i 92,000 Page 6 OSC Municipality Code 500442300850 OF Cayuga Heights al Update Document For FiscalYear Ending 2010 (A) GENERAL Results of Operalion Expenditures Municipal Court, Pers Serv Municipal Court, Equip & Cap Outlay Municipal Court, Contr Expend Mayor, Pers Serv Mayor, Contr Expend Auditor, Conh Expend Treasurer, Pers Serv Treasurer, Equip & Cap Outlay Treasurer, Contr Expend Clerk,pers Serv Clerk,equip & Cap Outlay Glerk,contr Expend Law, Pers Serv Law, Contr Expend Engineer, Pers Serv Engineer, Contr Expend Records Mgmt, PerS. SerV. Records Mgmt, Equip & Cap Outlay Records Mgmt, Contr Expend Public Inform & Services, Contr Expend Buildings, Pers Serv Buildings, Equip & Cap Outlay Buildings, Contr Expend Central Garage, Pers Serv Central Garage, Equip & Cap Outlay Central Garage, Contr Expeno Central Comm System, Equip & Cap Outtay Central Comm System, Contr Expend Central Data Process & Cap Outlay Central Data Process, Contr Expend 36,547 41 1 101 0 411102 1,672 A11104 13,200 2,054 88,281 0 6,650 412101 412104 414101 414102 414104 38,284 0 1,868 13,200 2,429 15,816 0 6,689 92,301 0 5,182 0 105,905 34,956 1,116 1,359 10,181 413204 14,003 A13251 0 A13252 5,775 413254 8,959 0 414201 73,437 A14204 30,440 A14401 666 A14404 1,086 A14504 0 A14601 5,995 414602 5,585 414604 4,759 414804 279 41620'l 0 416202 44,729 416204 0 0 4,458 6,779 3,699 4,340 46,919 59,858 0 61.494 Elections, Contr Expend ::-iif 53,080 416401 12,855 A16402 65,667 A16404 0 416502 5,907 416504 0 9,662 =ii=i;#,9;.t-==1 1,755 A16802 0 10,523 A16804 10,548 Page 7 OSC Municipality Code 500442300850 Expenditures Unallocated Insurance, Contr Expend Municipal Assn Dues, Contr Expernd Taxes & Assess On Munic Prop, Contr Expend Fire. Pers Serv Street Admin. Pers Serv 245,033 A51122 53,203 A51424 Planning, Contr Expend Storm Sewers, Contr Expend Perm lmprove Highway, Equip & Cap Outlay Snow Removal, Pers Serv (A) GENERAL Results of Operation Police, Pers Serv Police, Equip & Cap Outlay Police, Contr Expend Fire, Equip & Cap Outlay Fire, Contr Expend Safety Inspection, Pers Serv Safety lnspection, Contr Expend Maint of Streets, Pers Serv Maint of Streets, Equip & Cap Outlay Maint of Streets, Contr Expend Snow Removal, Equip & Cap Outlay Snow Removal, Contr Expend Street Lighting, Contr Expend ffit''ju Playgr & Rec Centers, Conlr Expend Zoningi Contr Expend Refuse & Garbage, Pers Serv Refuse & Garbage, Equip & Cap Outlay OF Cayuga Heights ual Update Document Fiscal Year Ending 2010 29,892 436201 1,371 436204 155,075 451101 22,463 A51102 61 ,521 A51 104 73,954 A81601 2,649 A81602 A For 67.812 A19104 48,515 tu* 1,828 419204 1,883 *@-';;;*mffitu 0 419504 0 628,450 26,895 JZ,O IJ 431 201 431202 431204 637,943 23,692 34,498 15,5't4 31,234 169,938 32,841 1,800 147,319 24,433 78,707 79,491 0 11,422 30,474 160,424 434101 434102 4341 04 ,=t--:?F..'ijt-1i;,1 56.442 450101 58.782 :i+: 245,033 451122 202.629iii,li$. i{"{.*=* 37,458 A51421 32,612 32,763 451422 25,900 53,203 A51424 63,579 36,497 451824 38,814 0 471404 172 480104 ftii;i#- 0 481404 Page 8 OSC Municipality Code 500442300850 (A) GENERAL Results of Operation Expenditures Refuse & Garbage, Contr Expend Comm Beautification, Pers Serv Comm Beautification, Contr Expend Shade Tree, Contr Expend State Retirement System Police & Firemen Retirement, Empl Bnfts Social Security, Employer Cont Worker's Compensation, Empl Bnfts Unemployment Insurance, Empl l3nfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnft Debt Interest. Serial Bonds Debt Interest, Bond Anticipation Notes Transfers, Capital Projects Fund E OF Cayuga Heights nual Update Document For FiscalYear Ending 2010 66,191 A81604 2,65B A85'101 1,802 485104 7.614 52,327 490108 68,294 490158 91,835 A90308 29,866 490408 2,067 490508 663 490558 373,016 490608 145,500 A97106 0 497306 90,204 A97107 0 497307 59,613 2,711 235 13,375 50,419 97,354 94,756 37,750 10,514 443 404.228 157,000 0 91,080 0 7.616 499509 Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes Page 9 OSC Municipality Code 500442300850 (A) GENERAL Changes in Fund Equity ANALYSIS OF CHANGES IN FLIND EQUITY Fund Equity'Beginning of Year Restated Fund Equity . Beg of 'year ADD - REVENUES AND OTHER SOURCES DEDUCT. EXPENDITURES AND OTHER USES fund Equity-End of Ysar E OF Cayuga Heights nual Update Document FiscalYear Ending 2010 1,877,997 1,977,997 3,281,216 3,206,790 1,952,424 ABD21 p.8822 48029 1,952,424 1,952,424 3,175,406 3,410,413 1,717,416 Page 10 OSC Municipality Code 500442300850 (A) GENERAL Budget Summary Estimated Revenues Est Rev - Real Property Taxes Est Rev - Real Property Tax ltems Est Rev - Non Property Tax ltems Est Rev - Departmental Income Est Rev - Intergovernmental Charges Est Rev - Use of Money And Property Est Rev - Licenses And Permits Est Rev - Fines And Forfeitures Est Rev - Sale of Prop And Comp For Loss Est Rev - Miscellaneous Local Sources Est Rev - Interfund Revenues Est Rev - State Aid =:=*.4ffi;:={Appropriated Fund Balance LLAGE OF Cayuga Heights Update Document the FiscalYear Ending 2010 2,050,249 6,000 707,000 2,125,300 6,000 660,000 36,250 189,000 27,800 12,500 25,000 32,000 640 94,900 241,610 =,-s*- 40,850 41299N 174,000 A2399N 41049N A1 099N 41 199N 42499N 42599N 42649N A2699N 42799N A2BOIN 47,600 10,000 35,000 10,000 1,073 92,000 155,228 A3099N tiii{ffi$ ii1,008,000 A599t,240,000 Page 11 OSC Municipality Code 500442300850 (A) GENERAL Budget Summary Appropriations App - General Government Supp,el App - Public Safety App - Transportation App - Home And Community Services App - Employee Benefits App - Debt Service LAGE OF Cayuga Heights nual Update Documenl the Fiscal Year Ending 2010 71 1,355 1,022,920 643,890 190,400 709,735 241,700 737,800 1,036,450 670,620 228,740 762,690 177,200 App - Interfund Transfer 817,000 77,500 Page 12 OSC Municipality Code 500442300850 VI OF Cayuga Heights Update Document For FiscalYear Ending 2010 10,516 FX380 (FX) WATER Balance Sheel Assets Cash Cash In Time Deposits Accounts Receivable 3,080 FX200 45,3s7 FX201 4,040 55,705 Page 13 OSC Municipality Code 500442300850 VIL A For t E OF Cayuga Heights nual Update Document FiscalYear Ending 2010 (FX) WATER Balance Sheet Liabilities Accounts Payable Unreserved Fund Unappropriated FX60O 58,307 FX6O1 53,836 FX91 1 4,577ffi 540 Page 14 OSC Municipality Code 500442300850 (FX) WATER Results of Operation Revenues Special Assessments Metered Water Sales Water Service Charges lnterest & Penalties On Water Rents Interest And Earnings Unclassified (specifu) Interfund Transfers GE OF Cayuga Heights nual Update Document Fiscal Year Ending 20'10 438 FX2401 15,565 FX2770 16,726 :t> 392,071 680 4,886 FX1 030 FX2140 FX2144 FX2148 412,466 780 5.292 Page 15 OSC Municipality Code 500442300850 (FX) WATER Results of Operation Expenditures Unallocated Insurance, Contr Expend Source Supply Pwr & Pump, Contr Expend Water Trans & Distrib, Pers Serv Water Trans & Distrib, Equip & Cap Outlay Water Trans & Distrib, Contr Expr..nd State Retirement, Empl Bnft$ Social Security, Empl Bnfts Workers Compensation, Empl Bnfts Unemployment lnsurance, Empl 13nfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnfl Transfers, Other Funds Transfers, Capital Projects Fund E OF Cayuga Heights nual Update Document For Fiscal Year Ending 2010 2,100 FX't9104 223,224 FX83204 38,665 FX83401 33,422 FXB3402 23,575 FX83404 2,816 FX90108 2,842 FX90308 s24 FX90408 64 FX9050B 21 FX90558 11.544 FX9060B 23,400 FX99019 FX99509 232,844 23,640 23,485 22,759 4 600 1,738 692 193 8 7,413 24,000 148,835 Page 16 OSC Municipality Code 500442300850 (FX) WATER Changes in Fund Equity ANALYSIS OF CHANGES IN FI.JND EQUITY Fund Equity - Beginning of year Restated Fund Equit-, - Beg of year ADD . REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity . End of year GE OF Cayuga Heights ual Update Document Fiscal Year Ending 2010 A For 2,794 2,794 413,640 362,597 53,837 FXB021 FX8022 FX8029 53,837 53,837 435,697 488,096 1,438 Page 17 OSC Municipality Code 500442300850 LLAGE OF Cayuga Heights Annual Update Document the FiscalYear Ending 2010 (FX) WATER Budget Summary Estimated Revenues Est Rev - Departmental Income Est Rev - Use of Money And property Est Rev-Miscellaneous Local Sources 435,950 FX1299N 500 FX2499N 900 FX2799N Page 18 OSC Municipality Code b00442300850 LLAGE OF Cayuga Heights Annual Update Document the Fiscal Year Ending 20i 0 (FX) WATER Budget Summary Appropriations App - General Government Support App-Home And Community Services App - Employee Benefits App - Debt Service #i:3;Li:1==fi:# App - Interfund Transfer ffiW 33,000 | 357,700 | 22,650 I I .'l: ,,i r-',.41*i*b.bdl-,, 'i24,000 r , 2ryopb' i ' ''". +t.*,ggo FX1 999N FX8999N FX91 99N FX9899N :i#:.'.uii1.1'i;::ri FX9999N 26,850 350,000 21,550 73,600 #r: 24,000' ' +ihagi$B' :r. , , 4PPOft ,"'T Page 19 OSC Municipality Code 500442300850 (G) SEWER Balance Sheet Assets Cash Cash In Time Deposits Sewer Rents Receivable Accounts Receivable Due From Other Funds Due From Other Governments Cash Special Reserves OF Cayuga Heights al Update Document Fiscal Year Ending 2010 27,168 400,061 G200 G201 0 G360 0 c380 G391 G440 G230 45,527 627,670 243,584 0 0 0 0 Page 20 OSC Municipality Code 500442300850 Accounts Payable VI orF OF Cayuga Heights ual Update Document FiscalYear Ending 2010 +#. Due To Other Encumbrances Unreserved Appropriated Unreserved Balance Unappropriated G821 GB82 G910 386,244 G91 1 39,532 G600 1,453 G601 Page 21 OSC Municipality Code 500442300850 G1001 Unclassified (specify) St Aid, Other Home And Comm Serv 0 G503'l (G) SEWER Results of Operation Revenues Real Property Taxes Sewer Rents Sewer Charges Interest & Penalties On Sewer Accts Permits, Other Insurance Recoveries lnterfund Transfers OF Cayuga Heights ual Update Document Fiscal Year Ending 2010 = 227,530 c2120 155,679 c2122 0 G2128 613,538 c2374 18,765 G2401 For 228,506 0 0 680,760 3,960 1,200 c2590 0 G2680 14,918 4,205 G3989 11,040 Sewer Serv Other Govts Page22 OSC Municipality Code 500442300850 (G) SEWER Results of Operation Expenditures Unallocated Insurance, Contr Expend Taxes & Assess On Munic prop, Contr Expend Sewer Administration, Contr Exp€lnd Sanitary Sewers, Pers Serv Sanitary Sewers, Equip & Cap Ouilay Sanitary Sewers, Contr Expend Sewage Treat Disp, Pers Serv Sewage Treat Disp, Equip & Cap Ouilay Sewage Treat Disp, Contr Expend State Retirement, Empl Bnfts Social Security , Empl Bnfts Worker's Compensation, Empl Bnfts Unemployment Insurance, Empl Einfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Ernpt Bnft Debt Principal, Serial Bonds Debt Interest, Serial Bonds Transfers, Other Funds Transfers, Capital Projects Fund VIL OF Cayuga Heights Update Document For Fiscal Year Ending 2010 12,600 c97106 10,000 8,171 66,000 G99019 724,968 c99509 68,000 12,190 G19104 204 c19504 GBI 104 28,173 33,422 10,649 G81201 G81202 G81204 9,210 29,350 23,485 o Ao4 2,202 9,1 73 522,073 2,135 2,319 924 zcl 11 I,895 0 c81301 0 G81302 545,317 c81304 2,052 c90't0B 2,071 c90308 674 G90408 46 G90508 15 c90558 8,413 c90608 8,459 G97107 Page 23 OSC Municipality Code 500442300850 (G) SEWER Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of year Restated Fund Equity - Beg of year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of ysar OF Cayuga Heights Update Document FiscalYear Ending 2010 820,591 820,581 1,020,916 1,455,253 386,244 G8021 GBO22 386,244 386,244 1,183,268 707,103 862,409 Page 24 OSG Municipality Code 500442300850 (G) SEWER Budget Summary Estimated Revenues Est Rev - Departmental Income Est Rev-lntergovernmental Charges Est Rev - Use of Money And property Licenses And Permits Est Rev-Miscellaneous Local Sources Est Rev - State Aid E OF Cayuga Heights Annual Update Document the FiscalYear Ending 2010 230,824 681,858 10,000 1,500 13,818 4,000 ii,:ttli# '..i G1299N G2399N G2499N G2599N G2799N G3099N tli'..].i;:,,,.:l#" ::, G599N 233,730 683,424 2,000 1,000 846 4,000 ;;;:?;i;:l#"Affi= j$ 8,280 Appropriated Fund Balance Page 25 OSC Municipality Code 500442300850 LAGE OF Cayuga Heights Annual Update Document the FiscalYear Ending 2010 (G) SEWER Budget Summary Appropriations App - General Government Support App - Home And Community Services App - Employee Benefits App - Debt Service 69,220 c1999N 718,700 cB999N 27,950 c9199N 58,130 c9899N 68,000 c9999N W 58,750 720,450 27,950 58,1 30 68,000App - Interfund Transfer Page 26 OSC Municipality Code 500442300850 VI For OF Cayuga Heights Update Document Fiscal Year Ending 2010 927,949 H410 102,000 H4B9 725,732 (H) CAPITAL PROJECTS Balance Sheet Assets Cash Cash In Time Deposits Accounts Receivable State & Federal Receivables Due From Other Funds Misc Current Assets Additional Description EFC bonct sale reschedule d to 6hOl2O1 -43,515 -640,788 H200 H201 -37,051 -510,821 H3BO H391 Page 27 OSC Municipality Code 500442300850 (H) CAPTTAL PROJECTS Balance Sheet Liabilitles Accounts Payable For Encumbrances Unreserved Fund OF Cayuga Heights Update Document F Fiscal Year Ending 2010 103,642 26,087 VIL A ort H605ffi H630 HB21 Appropriated Page 28 OSC Municipality Code 500442300850 (H) CAPITAL PROJECTS Results of Operation Revenues Capital Projects-Other Local Govts Interest And Earnings Gifts And Donations Unclassified (specify) Additional Description EFC bonds to be issued 6/10 St Aid, Other Home And Comm Serv St Aid, Sewer Cap Proj Interfund Transfers Serial Bonds Bond Anticipation Notes Bans Redeemed From Appropriations OF Cayuga Heights ual Update Document Fiscal Year Ending 2010For H2397 451 H2401 H2705 H2770 H3989 927,949 H3990 0 0 0 725,732 0 92,051 732,584 H5031 238,858 H57't0 H5730 H5731 1,000,000 0 0 Page 29 OSC Municipality Code 500442300850 Buildings, Equip & Cap Ouflay Central Garage, Equip & Cap Ouilay VI OF Cayuga Heights Update DocumentA (H) CAPTTAL PROJECTS Results of Operation Expenditures Fire, Equip & Cap Ouflay Snow Removat, Equip & Cap Ouflay Bus Operations, Equip & Cap Ouilay Sanitary Sewers, Equip & Cap Ouflay Sewage Treat Disp, Equip & Cap Ouilay Refuse & Garbage, Equip & Cap Ouilay Water Trans & Distrib, Equip & Cap Ouflay Comm Beautification, Equip & Cap Ouflay Debt Principal, Serial Bonds Debt Principal, Bond Anticipation Notes Debt Interest, Serial Bonds Transfers, Other Funds Transfers, Capital projects Fund For FiscalYear Ending 2010 785 H16202 6,831 H16402 0 H34102 H81202 1,447,097 H81302 0 H81602 133,880 H83402 0 HBs1 02 0 H97106 0 H97306 0 H97107 0 H99019 0 H99509 Fi?';*-?= * n F 0 0 804,496 0 1,092,455 243,584 0 Page 30 OSC Municipality Code SO04423O0BS0 Page 31 OSC Municipality Code 500442300850 For E OF Cayuga Heights nual Update Documenr e FiscalYear Ending 2010 (H) CAPTTAL PROJECTS Changes in Fund Equity ANALYSIS OF CHANGES tN FUND EQUITY Fund Equity - Beginning of yeerr Restated Fund Equity . Beg of 'year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of yoar 67,612 67,612 1,660,984 1,588,593 140,003 H8021 HB022 H802S 140,003 140,003 2,056,640 2,170,556 26,087 (K) GENERAL FIXED ASSETS Balance Sheet Assets Land Buildings Machinery & Equipment Infrashucture Accum Deprec, Buildings Accum Depr, Machinery & Equip Accum Deprec, Infrastructure OF Cayuga Heights I Update Document For Fiscal Year Ending 2010 102,401 K101 6,123,720 K102 4,143,902 K104 38,603,989 K106 -1,345,098 K112 -1,544,483 K114 -21,425,096 K116 102,401 6,949,328 4,238,137 39,734,830 -1,476,839 -1,678,403 -21,439,951 Page 32 OSC Municipality Code 500442300850 (K) GENERAL FIXED ASSETS Balance Sheet Fund Equity Total Non-Current Govt Assets OF Cayuga Heights al Update Document FiscalYear Ending 2010 24,659,335 K159 26,429,503 Page 33 OSC Municipality Code 500442300850 OF Cayuga Heights Update Document FiscalYear Ending 2010 6,697 TA200 3,918 Page 34 OSC Municipality Code 500442300B50 (TA) AGENCY Balance Sheet Liabilities Due To Other Funds Retirement Disability Insurance Group lnsurance Income Executions Guaranty & Bid Deposits 0ther Funds (specifo) OF Cayuga Heights ual Update Document FiscalYear Ending 2010 -35 TA18 247 TA.tg -1,636 TA20 TA23 2,085 TA30 6,035 TA85 1,731 506 -1,785 0 2,485 Page 35 OSC Municipality Code 500442300850 Total Non-Current Govt Liabilitiesi VIL OF Cayuga Heights Update Document For Fiscal Year Ending 2010 1,781,158 W129 2,641,980 Page 36 OSC Municipality Code S004423OO8SO VI For OF Cayuga Heights Update Document FiscalYear Ending 2010 (W) GENERAL LONG-TERM DEBT Balance Sheet General Long Term Debt Bond Anticipation Notes payable Compensated 1,000,000 97,658 W6B7 1,683,500 OSC Municipatity Code 500442300850 (A) GENERAL Adjustment Reason Account Code A8012 To adjust for bond principle ILLAGE OF Cayuga Heights Financial Comments the FiscalYear Ending 20i0 Recorded in 2010. No cash impact. OSC Municipality Code 50( F Water and Other purposes Exelmpt From Constitution ILLAGE OF Cayuga Heights Statement of lndebtedness the Fiscal Year Ending 2010 Debt Limit iror eelq fteleeqq ryusEleee@ Note No.2010000001 and Year of lssue do not include renewals nere do not include renewats frerri End of the Fiscal Year During FiscalYear During FiscalYear End ofYear Page 39 OSC Municipality Code 500442300850 Indebtedness Not Exempt Fronn Constitutionat Debt LLAGE OF Cayuga Heights Statement of Indebtedness the Fiscal Year Ending 2010 and Year of lssue rrent Interest Rate ssued During the Fiscalyear do not include renewals herri aid During the Fiscalyear End of the Fiscal Year and Year of lssue nding Beginninq of Yeir During the FiscalYear do not include renewals here During the FiscalYear do not include renewals here End of the Fiscal Year and Year of lssue sued During the FiscalYear do not include renewals here id During the FiscalYear do not include renewals nere 8775 lr 50 End of the Fiscal Ye,ar 18777 655 Page 40 OSC Municipality Code 500442300850 Indebtedness Not Exempt From Constitutionat Debt Total of All Indebtedness Includes Total of Bonds and Notes _ Exempt and Not E ILLAGE OF Cayuga Heights Statement of Indebtedness the Fiscal Year Ending 2010 d, __Yl and Year of lssue TRICKLING FILTE ued During the Fiscal year qc nolinclude renewals henr the FiscalYear do not include renewals frere,P-18775 10End of the Fiscal year ssued During Fiscal year aid During Fiscalyear End ofYear ssugd During Fiscal year aid During Fiscai\Gar Page 41 OSC Municipatity Code 5004423OO8SO VI Schedule of For OF Cayuga Heights ime Deposits and Investments FiscalYear Ending 2010 Page 42 1) 2) Does your municipality have a written Have the financial statements for your munici lf not, are you planning on lhaving an audit cond Does your loc_algovernmerrt participate in an rnsugovernments? Does your local government participate in an inverocat governments? Does your municipality have a Length of Servrcetor votunteer firefighters? Does your municipality have a Capital plan? Has your municipality prepared and documented a lf yes,.has your municipality used the results to dcontrols? Have you had a change in chief executive or chieflast year? Has your Local Government adopted anGeneralMunicipal Law, Section bg? - 3) 4) 5) 6) 7) 8) e) Page 43 LLAGE OF Cayuga Heights al Government euestionnaire the FiscalYear Ending 20.10 policy? been independenfly audited? poolwith other local poolwith other Program (LOSAP) assessment plan? the system of internal I officer during the policy as required by _-Ee9q9!9q _ Yes Yes Yes Yes Yes No No No No No OF Cayuga Heights and Retiree Benefits FiscalYear Ending 2010 OSC Municipality 5004423008S0 VILLAGE Energy For the Total Total Expenditures $15,31 $28, Cayuga Heights and Consumption Year Ending 2010 Units Of Measure OSC Municipatity 500442300850 A. Summary of L. Reportinq E,nt:.tv activities included within tie a 2. Basis of pr Generally AccepteC Accounting priSystem of Account.s for vi11a!es (be organi-zed on t.he basis of"frrnO,government.al fund types. Each fuaccount.s is maintained which comprrevenues, and expr=nditures. fn aOare accounted for and reported in Governmental Governmental report, Lhe balances ofare reported of changes in determinaL,ion. fund types areoperations. - Sewer - Water payment i/ qr-r. T[^li \\ vvUr ulv / measuremenL of resul-t.s of ataons. The Village of Cayuga Height.s is gt.he State of New yoit<. tf,e govern transactions that comprise Villaqesignificantly influenied by, ttre"s OF CAN'GA HEIGHTS FINA.I{CTAIJ STA.TEMENTS ENDED ITAY 31 , ?OLO verned by Village Law and other general .Lawsng body is Lhe Board of Trust.eesl The scope t.hose or panying financial statement.s are iples (cAAp), as well operataons, and are governed by,ard of Trustees. of of self-balancing set ofses assets, liabilities, fund balance,ition, fixed assets and long_Lerm obtigat.ions I ar^"^^u vrvuts/r. SA) , require t.hat thewhich are summarizedis discrete in that. a fund is theccount for accounLed as the New york Uniformaccounts of the vlllagefor report.ing by ErrnA m.'^^^r srrv rJIJcD funds are ^h6r-f l ^-^vyu!sLfvifD financial therein. t.e funds used t.o account. for, andhe Vi11age. The acquisition, use, andrces and related assets and. liabilitiesmeasurement focus is the deLerminatronit.ion rather t.han net incomeng funds and aggregat.e government.al-accounting for and reporLing Village of reso Thefinancial The fol]ow employed in Generaf Frrnd - The generalthe Villaqe and is used to principal operating fund ofall financial resourcesfor in another fund.except. those required to Special Revenue Funds - Spefor the proceeds of speciiiresLricLe(l to expendituresfunds incl-uded the followi - used to account Use Fund - used toto Sout.hern Cayugia Capital proiects Fund - Theaccount for and report finaacquisiLion, or constructiofacilities or equipment. - Fiduciary Fund Types ia1 revenue funds are used to accountrevenue sources that are leqallwor specif ic purposes. speciil ,3.r"rrrrurunds: r operating a waste water treatment count for water use collection andke Intermunicipal WaLer Commissi-on capital projects fund isial resources used foror renovation of major used to t.he ^-^i !^lualJr Lda Fiduciary fund Lypes consj-sused t.o account for and retrust.ee capacity or as an aorg,an]-zataons, other govercustodial in nature (asset.s of trusL and agrency funds and arert assets held by the Village in aent for individuals, privateents, and/or funds. Agency funds areequal liabilit.ies) and do not involve - Account Groups Account {}roups are used t.r].xed assets and general establish accounl-ability for generalng-term obligat.ions. Gonarr I tr group of accounts is usedassets of the Village sucother theLn those t.hat areGeneral Lorqg-Term Debf Grdebt group of aEounts is - The general for and reporto account as land, fixed assetall fixed equipment, outsLanding long_term indevt--LJ-age. Long_term indebtbonds and. capital notes.retlrement liabilities, ansick 1eave. The modified accrual basis of actypg: and expenCable trusi. --R;; available, Otherwise it is reccoflectible wit.hin the currenipay liabilities of the."rr"ri ifor determining reimbursem;;;"";recognized when the expenditurerecognized when j-ncurred; generaliabilities and vested o, i..rr*r,recognized as e:<pendi-tures when General The Village,s policy relat_ing i-oaccompanyingr f ir:ranciaf stat"i"rri" Village admi:nistration preparBoard of T,rustees. Appropriatio:ts established bylimitat.ion on expenditureJ buildings, andrted in a trust fund. udgetary informat:-on asls as folfows:shown in the s a proposed budget for approvaf bv the doption of the budget constit.ute aLhat. may be incurred.nd encumbrances - The New york control be Encumbrances Uniform System oused for all gov Encumbrance accollnting, under whicommitments for rhe eipendia;.;--;application appropriations, is eexpenditure of establishea' app."a reservation of fund balarr.l- "ibudget. appropriaLion in ah;-;ui;expenditures or l-iabilities, ;i;contractual liabj_1ity. Account.s requires that fixed budoefar.,rnmenta] fund types -- -geYvesrr h purchase orders, contract.s and othermonaes are recorded in order to reserveloyed as a control in pr..r..rlirrJ or",iations. open encumbrlna""--"."=reported as ?^:i.:^::'.*t|T:'r.: will be honored rhroushent year. Encumbrances do not const].tutegh in some cases they may in i".i'reffect. a Real property taxes are levied annreal property ta)i:es are subsequentamount represent.ing uncollecte-d refor enforcemenL is paid Ov-if..*cJ"forthcoming April 1. PropertV taxeg a1ly by Lhey enforced 1 propert-y of Trustees. Uncollec[edCounty of Tompkins. AntransmitLed to t.he Countyno later than the Board l.rr' +L^vI LilE General Fixed Assets Ly to the Village Land and equipment are valued aoriginal cost. ils det.ermined triThe Village en<yaged fndustri-airrxed assets it:, I994_95, and atheir results. The vittage r;ito $1,000 as o1:- 5/3t/ZOOAi aidchangre. Tn 2005 escrmates were The Village particrpates in theSystem and the New york State poal1 employees, expect certain paThe Systems are non*contributorvbefore JuTy 27, Igj6. rtrose-wfi'" and the accumul-ated depreciatiassets with an acquisition cost 7, General Long-Term Debt - General Long-Term Indebt.edne Bonds and capilal noLes issued fi ssued. B. Pension plans years of service credit, cont.ri Contributions are bi-lled on theSys tem, s year e:nding March 31 .totafed $151,507 and refated toMarch 3l- , 201,0 . The contrlbutirequlrements determined by Lhe S The Systems offr:r ayears of service anddeat.h and disab.i-lrr,v a. Governmental Funds _ Ttcosts as bi11ed by t b.The actuarial present vstandardized disclosobli.gation. It is t.be payable in the futhe balance sheet daamount. including Lherater benefits to eac DaLa concerning the actbenerfits, vested planbudgets of these planavallab]e since suchand are noL for indiv 9. Compensatorv Absences Employees accrue empfoyed, up todays a year, butseparation from maxtmum amount. wide rangre ofinal averabenefit.s a vacataon leavea maxlmum rate ofmay accumulate rrserv:.ce, employee Employees accrue sick leave at b.tsuch credits wit.hout limit. Emplservl-ce are paid t.he balance of tfrom 680 t.o 960, depending on theand st.andard worl<-week, -L thei, "?:t._ Buildings are valued at est:-mateclrily by an independent appraisal-concern.raj-sal Company to determlne vafues for all-time adjustment was made t.o incorporateits capitalization threshold foi equrpmentese accounts have been adjusted for t.hisade for the cost of Villale ,.infiascrucrure,, t.hereon. Depreclation is ialcutaied. on a1lf at least $25,000. r capit.al projecLs are recognized when s1s of estimat.ed salaries paid durrng theamount billed by the Systems in the yearhe estimat.ed salaries froi April i, -i*OO6-'I" ew York Stat.e Local Employees, Retrrementrce and Fire Retirement System. General.[y,t-time employees, participat_e in t.he SysLLm.for employees who joined lhe retirement on orjoined after JuIy 27, 19j6, with less thtin 10te 3% of their salary. is the policy of t.he V111age to fund pensionSystems. are pald in accordance with fundrnoLems' actuaries plans and benefits which are related tosalary, vest.lng of retirement benefi ts.optional methodi of benefir t;y*;;;;:""' lue (APV) of credit.ed project benef it,s is a'e measure of the accrued pension benefit ordiscounted amount of beneflts estrmated tore as a resulL of employee service .t-hrnrrah , comput.ed by attrib"tirrg ";-;;;;l iei;;i;ffects of project salary-increJse anrj st-cnyear and expe-ted. futurl ;;i;;;; ;;"i;;: rraa-L present vafue of the accumulatedbenefits, and net assets available forwhich are relevant to t.he Village aretermlnations are made on a statewide IJTAIl not basisdual participat.ing units sed primari_1y on the number of years25 (depending on 1aborcgru.*..rl or policy)more than a maximum of 50 days. Uponare paid the accrued balance, up to t.he 12 days per year and may accumul.ateterminate with at feast 1-0 years ofin excess of an amount ranqin.rcollective bargaining agreemei.tof pay. Employees wit.h more th.arr rate of rroa c r^rl-r ^as amounL I i arr ^-inal rate 10. Serial The folgeneral Purpose 20 years of se:rvice, whose accroverage pald or:t. annual1v. Police officers may accrue com 11. !!. coltecr:Lve bargainl"s-; al is over the payout level, may have the tory time in lieu subject ro a monrhtv """li"Et"l h. This amount upon separation from service at fimiL, at any time,heir finaf rate of compensatory time are recorded as a long_term :::"1,:_Sroup. The_ liabiliry for compensared1ng rne year to $1,26,990. l"?:Itl:.. rhe.viltase of cayusa Heishrsfor health insuraice ."r;;;;; iJi'rJii,.uos during Lhe life of the "o.ril"V.".of. cayusa Heishrs, futl_Lim;- :;;i;y"es may=-1f^Il:o r;ac{r normal retiremeil' _9,. wh_L1eHeishts. Heal-rh care benerits arJ"ir""iiEa ^l:"**y1=,,are based on rhe benefits pai<1 Iurr:.The Village of Cayuga HeiqhtsDenertts by recording its share of insuranceyear paid. on behalf of 11 retirees and is recordecl asr, and Sewer funds. of overtime, as definedmay be drawn upon,and the balance is paid pdy ' Balance Mav 31, 201_.Q 1, 000, 000 Balance Mav 31, 2010 655,000 655, 000 205, 000 bond, original Y:""t99. vacatiorr, sick leave, anliability in rhe long_teim-d.b;aosences increeised by $29,322 d fn addition to providinqr pensionProv].des a portion of the premiuemployees and covereO famiiy-mem ::!::i"r*?l}y- "11 of rhe viirag;become eligible for t.hese ;;;;;iy::I:ig for.rhe villase "f c;t;;through an insurar." Eo*p-"t-;h; !i?r tle rarins pool) d";i;; ;i;;recognizes the cost of provldinopremiums as an expenditirr. i;-;; During.the year g1O4,Ig9 was caiexpenditures in the Gener"l, W;a 1-1. fndebtednessi Bond Anticipation Notes * The following balancesgeneral long-term d,ebt of bond agroup of i^.;^-Li^-rurIJqLfull Ls and not.es appear as obligations in thewere outstanding at May 31, 2OIO Fttrnaca WATER LINES Date of tr, / ) a / 1^'1 ^Jt -v/ -wLw s/27 /010 Rate of Tn I arac +- 2.25% Bonds Payable - lowing balanceslong-term debt of serialgroup of Year nd issues unts and Rate of Tnl-aracl- i9 .0% I/20L0 Lhe fo11ow.i na appear as obli-gations in thewere ouLstanding at May 31, 20IO Bonds payable: FIRE PRO,JECTS i]OOOFIRE PRO.]ECTS 2IOOO TRTCKLTNG FILT 2IOO5 PHOSPHORUS RED 2OLO 2019 20L9 2024 On..Tune 10, 20L0,. subsequent to 5scheduled for FyllOlO, *-" i==,r"a, 6 6 * fnterest ratesiadjusted by a 5O?;administrat.ive fe:e 2030 varying from 2.0 3 .562% (avs) 9% t.o 3.969%. The int.erest.the loan is subject to a O. 734 ,21,1 rate is furL.her 25% annualEFC subsidy, an B. 'l Summary Disclosure of Signif Pending Litigation Th.:9.i9 - pending claim by Verizofacilities. While rhe Viliag.-[.fsufficient insurance to cover anvare no other pending claims agaiismaterial effect on the Vi11ag6,s f t Cont.ingencies , Inc-- regarding damage to it,s undergroundeves that the claim has no merit, it maintainsi_:-- fn the opinion of management therethe Village that ,.. .*p"-r;a;;;;;; ;nances.