HomeMy WebLinkAboutTreasurer's Report 8/19/2002August 19, 2002
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MARCHAM HALL
836 HANSHAW ROAD Telephone
ITHACA, N.Y. 14850 607-257.1238
Office Hours
9 A.M. - 4 P.M.
TREASURER'S REPORT
I . Abstract has been distributed for this meeting.
2. Certificates) of deposit has (have) been changed at TCTC as follows:
W WTP Reserve 152,958.89 @ 1.9% for 30 days
3. Electronic Banking Resolution. We now have electronic access for bank transfers, account
status, copies of checks, etc.
4. Information Technology. Four new desktop computers have been delivered, and mostly
deployed. The IT plan has approximately 1/3 of the equipment being replaced each year.
Network enhancements are targeted by the end of September
5. Fire Station Project Close Out. Architect Bob Mitchell has agreed with electrical contractor
Fischbach & Moore on the final contract value. This includes in a $5,000 reduction to offset
additional A &E fees. Bob reminded F &M that the Owner (VCH) is considering liquidated
damages. I suggest that the Village attempt to have the bill reduced approximately $4,800
further )to $25,000) for liquidated damages, and would appreciate the Trustee's guidance
® on the subject.
6. Year -end. Working on year -end closing, NYS has granted an extension until September 30.
7. Executive Session. A memo has been distributed to Trustees regarding potential litigation.
Fire Supt. Randall can address any questions.
8. WWTP Trickling Filter Project. Attorney Tyler and I discussed the details for accessing the
State's revolving fund for the non -grant portion of this project. The attorney will address the
status in his report.
9. Transfers.
FROM TO
No transfers are necessary at this time.
10. Approval of Abstracts. (RESOULTION REQUIRED)
11. August & September Meetings. I will be out of town during the August meeting attending a
conference. September's meeting conflicts with Yom Kippur, and I will be unable to attend.
In both cases, materials and reports will be provided in advance, and I encourage you to
contact me prior to the meeting.
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