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HomeMy WebLinkAbout04232012minutes.pdfMinutes Village of Cayuga Heights April 23, 2012 Page 1 Present: Mayor Supron, Trustees: Andolina, Crooker, Karns, Riesman, Szekely, Superintendent Cross, Asst Superintendent Frisbie, Fire Superintendent Tamborelle, Chief Steinmetz, Treasurer Mangione, Clerk Mills, Absent: Trustee Hamilton, Attorney Marcus Mayor Supron opened the meeting at 9:07AM Treasurer Mangione stated she would be attending a three day class in Solvay for Advanced Municipal Accounting the rest of the week. Treasurer Mangione: Looking at the “Fast Facts Summary Sheet”. If we make no changes to the Tax Levy it will meet the criteria of the State and meet the 2% Tax Cap. Comparing last year and this year - the Tax Base is down from the 2012 Budget and accounts for some of the increase. Our revenue is estimated to be just short of $3.6 million. Surplus will cover the capital expenses as discussed at the April 16th meeting: $90,000 for CHFD air packs, bond payments and $90,000 for Marcham Hall renovation –now exceeding the goal established for surplus spending. $100,000 has been put into contingency funds - this is an estimate – could be slightly higher or slightly lower. Trustee Andolina reiterated that the Capital items will be: Air packs $90,000 Marcham Hall renovations $90,000 Deer Remediation $75,000 Treasurer Mangione indicated that none of the $360,000 Surplus for the current fiscal year has been used yet. We will know more when the end of the year spending has been completed. There is an excess in revenue of $500,000 for this fiscal year. DPW will be spending the rest of its budget for capital projects on road work. Delayed spending until the spring assures lower asphalt costs. Each department has gone above and beyond not to spend down or over spend their budgets. Of course the easy winter has helped with keeping costs down as well. The Board will need to decide how much to pay down on the bond anticipation notes prior to refinance. The State recommends paying some of the principle along with refinancing. However, there are two ways to accomplish this – refinance as bond anticipation notes - one or both; or roll them into bonds. For example, the fire truck has a balance of $230,000 – should the Village pay $30,000 and finance $200,000? Or, do we pay more and refinance less. Part of what is in surplus includes the amount from the Town of Ithaca. They have completely paid their portion of the truck. Motion: Trustee Andolina Second: Trustee Riesman Resolution #7082 to approve the Proposed Budget of $3,812,059.08 as amended. Discussion: none All approve – no nays or abstains – motion carried Minutes Village of Cayuga Heights April 23, 2012 Page 2 Motion: Trustee Andolina Second: Trustee Crooker Resolution #7083 to approve the Tax Levy of $2,306,896. Discussion: none All approve – no nays or abstains – motion carried Chief Steinmetz requested filling the open full-time position in the Police Department. He would like to start the process and advertise the position. Motion: Trustee Crooker Second: Trustee Andolina Resolution #7084 to authorize, pending approval of counsel, Chief Steinmetz to advertise the one full-time police position as soon as possible. Discussion: none All approve – no nays or abstains – motion carried Adjourn at 9:50AM Submitted by Clerk Mills