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EXHIBIT 2015-009b
VILLAGE OF CAYUGA HEIGHTS
TREASURER’S REPORT
May 12, 2014
1. Bank Balance: $2,418,297.21 as of April 30, 2014
2. Audit
a. FYE2013 Audit field work was completed by CDLM the week of March 3 – 7. Written report should
be available in the next few weeks.
3. Budget
a. Constitutional Tax Limit reporting has been submitted and accepted by NYS OSC.
b. Real Property Tax Cap reporting has been submitted and accepted by NYS OSC.
c. The Village’s FYE2015 Adopted Budget and all required supporting schedules have been submitted
and accepted by NYS OSC.
d. List of Budget Journal adjustments to be distributed and discussed.
4. Bond and BAN Financing
a. May 15, 2014 an interest only payment in the amount of $12,900 is due on the fire station.
b. On May 22, 2014 the Water Improvement Bond Anticipation Note (BAN) of $775,000 will be paid
with $75,000 from the Water Fund (F) and a BAN of $700,000. Tompkins Trust is the financing
institution offering an interest rate of 1.65%
5. Transfers – $182,467.80 transferred from General Fund checking to Trust & Agency for payroll, 75% of
the retiree healthcare premium, and payroll processing fees.
6. Revenues & Expenditures – April 2014 reporting
7. Current Expenses - Unaudited Abstract #12 dated May 12, 2013: as distributed Friday May 9, 2014.
8. Approval of May Abstract –
BE IT RESOLVED THAT: Abstract #12 for FYE2014 consisting of TA vouchers 122 - 131 in the
amount of $ 16,128.15 and General Fund vouchers 827 - 931 in the amount of $ 266,956.13 is approved
and the Treasurer is instructed to make payments thereon.
9. Special Board Meeting
Request an additional May meeting of the Board on May 28 or May 29 for the approval Abstract 13.
Creation of an abstract listing remaining FYE2014 vouchers reduces the number of required accruals to
close the fiscal year.
Respectfully submitted,
Joan M. Mangione
Village Treasurer