HomeMy WebLinkAboutJoan12102012.pdfVILLAGE OF CAYUGA HEIGHTS
Page 1 of 1
TREASURER’S REPORT: December 10, 2012
1. Financial Reporting – The Village’s Annual Update Document (AUD) has not yet submitted to the Office of
the State Comptroller (OSC). The OSC is unable to offer assistance due to the possibility of conflict of interest
should they audit the Village. The contractor previously hired was unable to provide guidance and will not be
billing the Village for his time. I am requesting that those funds be approved to engage an accountant to assist
with completion of the AUD.
RESOLVED to authorize the Mayor to sign a contract for accounting services not to exceed
$1,000. Funds will be drawn on Treasurer Contractual – A1325.410.
2. Bond and BAN Financing – No activity
3. Bond Payments – On December 15, 2012 a bond principal payment of $60,000 is due on Public Improvement
Bond 2000 which is one (1) of two (2) $1,000,000 financings for the construction of the Fire Station. Interest
of $16,500 will also be paid.
4. Revenues – Balances as of November 30, 2012
Deposits: $499,157.04
Expenditures: $498650.15
Checking and Savings: $3,541,317.38
5 Budget – 2012 International Garbage Packer: $121,506
Payment will post a charge of $24,301.20 to each of five (5) equipment accounts
Each account charged for the Packer was budgeted at $22,000
The old Garbage Packer was sold for $17,850 reducing the cost to $103,656
Thereby the budgeted sum has not been exceeded, but the income has been posted to
A2665 – SALE OF EQUIPMENT
RESOLVED to modify FYE2013 Budget to appropriate an additional $2,301.20 each to A5110.200,
A5142.200, A8160.200, F8350.200, and G8120.200.
6 Transfers – Monthly transfers of $122,742.15 to Trust & Agency sufficient to cover payroll, ADP fees, and
Retiree Health Benefits.
7 Audit – Security Tracking has been enabled on our global network.
Contract for annual independent audit to be issued.
8 Abstracts – Unaudited Abstract #7 dated December 10, 2012: as distributed.
9 Approval of Abstracts – (Resolutions Required)
RESOLVED to approve Abstract #7 for FYE2013 consisting of TA vouchers 63 – 74 and General
Fund vouchers 445 – 510 in the amount of $540,542.85 and instruct the Treasurer to make payments
thereon.
Respectfully submitted,
Joan M. Mangione
Treasurer