HomeMy WebLinkAbout2Treasurers Rpt 7-9-12.pdfVILLAGE OF CAYUGA HEIGHTS
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TREASURER’S REPORT: July 9, 2012
1. Financial Reporting – May FYE2012 closing is in progress. Preparation of the Annual Update
Document (AUD) is also underway. The AUD must be submitted to the NYS Comptroller’s
office 60 days after the end of the fiscal year.
2. Bond and BAN Financing – No activity
3. Revenues – Balances as of June 30, 2012
Deposits: $2,002,935.52
Expenditures: $582,777.98
Checking and Savings: $3,844,015.57
5 Budget –
a. Partner billing rate to increase from $215 to $225 for legal services of Barney,
Grossman, Dubow, Marcus & Orkin, LLP. This new rate went into effect June 1, 2012.
It is unclear if this adjustment will have an effect. No budget modification is
recommended at this time.
b. Addition of sidewalk replacement on White Park Road requires a reallocation of
$10,000 from Contingency A1990.400 to H5410. This capital account will track all
expenses associated with the project. (Resolution Required)
RESOLVED to approve allocation of $10,000 from Contingency A1990.400 to Capital
Project H5410 – Replacement of Sidewalk on White Park Road
6 Transfers – Transfers this month to Trust & Agency sufficient to cover payroll, ADP fees, and
Retiree Health Benefits. Funds were transferred from Savings sufficient to cover June’s Abstract.
7 Audit – No activity. However in the coming month a RFP for annual audit will be prepared.
8 Abstracts – as distributed.
a. Abstract #15 – FYE2012 Expenditures
b. Abstract #2 – FYE2013 Expenditures
NOTE: Voucher #27 was previously approved by the BOT on June 19, 2012 in
the amount of $1,373.79
9 Approval of Abstracts – (Resolution Required)
RESOLVED to approve Abstract #15 for FYE2012 consisting of vouchers 1263 - 1275 in
the amount of $41,894.61 and instruct the Treasurer to make payments thereon.
RESOLVED to approve Abstract #2 for FYE2013 consisting of vouchers 6 - 87 in the
amount of $253,622.26 and instruct the Treasurer to make payments thereon.
Respectfully submitted,
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Treasurer