HomeMy WebLinkAboutJoan11132012.pdfVILLAGE OF CAYUGA HEIGHTS
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TREASURER’S REPORT: November 13, 2012
1. Financial Reporting – The Village’s Annual Update Document (AUD) has yet to be submitted to the
Office of the State Comptroller. Assistance from the OSC is anticipated this week.
2. Bond and BAN Financing – No activity
3. Bond Payments – On November 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 October 31, 2012
Deposits: $140,547.49
Expenditures: $563,329.60
Checking and Savings: $3,490,255.11
Bolton Point Billing – November
Water: $162,418.52
Sewer: $ 54,778.15
Less payment to Bolton Point: $117,178.75
Net: $152,729.83
5 Budget –
The contract with YAWS Environmental Process Control, Inc. expired on May 31, 2012. The
Village continues to pay at the rate established for FYE2012.
6 Transfers – Monthly transfers of $180,112.45 to Trust & Agency sufficient to cover payroll, ADP fees,
and Retiree Health Benefits.
7 Audit –
Contract for annual independent audit needed.
NYS OSC is scheduled to conduct a Risk Assessment starting on November 16 at 9 a.m.
It is not an audit and will assist the Village by reviewing our internal controls and making
appropriate recommendations for improvement.
8 Abstracts – Unaudited Abstract #18 and Unaudited Abstract #6 dated November 13, 2012: as distributed.
9 Approval of Abstracts – (Resolutions Required)
RESOLVED to approve Abstract #18 for FYE2012 consisting of vouchers TA30 and A1280 in
the amount of $1,345.50 and instruct the Treasurer to make payments thereon.
RESOLVED to approve Abstract #6 for FYE2013 consisting of TA vouchers 52 – 62 and General
Fund vouchers 341 - 437 in the amount of $225,278.72 and instruct the Treasurer to make
payments thereon.
Respectfully submitted,
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Treasurer