HomeMy WebLinkAbout04Clerk's Report 9-8-14.pdf
EXHIBIT 2015-042
VILLAGE OF CAYUGA HEIGHTS
CLERK & TREASURER’S REPORT
September 8, 2014
1. Tax Collections as of Friday, September 5, 2014 on 955 properties equal $2,406,973.88. Penalties
in the amount of $2,746.99 have also been collected. Unpaid taxes on nineteen (16) properties are
$32,977.93 with $2,308.45 in penalties through the end of August currently assessed.
2. Request for Waiver of Tax Penalty:
Request for late tax payment penalty waiver by Jill & Michael Johnson See following documentation.
3. Sales tax distributions for Q2 2014 were up significantly over 2013. Total distributions increase
6.54%. Distributions for Towns & Villages for the quarter reflected an increase of 7.35%. Cayuga
Heights received a June 2014 sales tax distribution of $80,282.19 as compared to $70,071.88 in June
2013.
4. Town of Ithaca Fire Contract billing for the Town’s Fiscal Year 2015 (Jan – Dec) which is based on
the Villages Fiscal Year ended May 31,2014 will be $153,440.74 paid on Feb 1, May 1, Aug 1, and
Nov 1
5. NYCOM Fall Training is scheduled for September 15 – 19 in Lake Placid. I will be attending again
this year.
6. Banking Activity as of August 31, 2014
Beginning Balance Deposits Withdrawals Ending Balance
Consolidated Checking $1,279,858.06 $438,383.46 $297,393.86 $1,420,847.66
Consolidated Savings $2,861,652.06 $ 303.82 $ 0.00 $2,861,955.88
Trust & Agency $ 6,841.89 $130,954.02 $135,980.01 $ 1,815.90
$4,148,352.01 $4,284,619.44
7. Audit:
a. The NYS Office of the State Comptroller began its audit focusing on the Village’s Financial
Condition and Budget Practices on June 30, 2014. Field work ended on August 26; the audit
report will be published within one to two months.
b. The Village’s external audit, conducted by CDLM, is scheduled to begin September 30, 2014.
8. Budget:
No new modifications
9. Bond and BAN Financing:
a. Principal and interest payments on Phosphorus Abatement System and Trickling Filters included
on Abstract #4.
10. Transfers:
During the month of August 2014, $129,091.66 was transferred from Consolidated Fund checking to
Trust & Agency for payroll, 75% of the retiree healthcare premium, and payroll processing fees.
11. Revenues, Expenditures, and Balance by Fund - August
See attached accounting module report titled Monthly Report of Treasurer
12. Current Expenses:
Unaudited Abstract #4 dated September 8, 2014: as distributed.
13. Approval of August Abstract:
BE IT RESOLVED THAT: Abstract #4 for FYE2015 consisting of Trust and Agency vouchers 22 –
30 in the amount of $16,003.33 and Consolidated Fund vouchers 184 – 243 in the amount of
$234,722.88 is approved and the Treasurer is instructed to make payments thereon.
Respectfully submitted,
Joan M. Mangione
Village Clerk & Treasurer