HomeMy WebLinkAboutTreasurer's Report 9/20/2004September 20, 2004
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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
1. Abstract has been distributed for this meeting. Financial reports for August have been
distributed electronically. A limited number of copies are available at the meeting.
2. Bonding. The Short Term Financing through the NYS Environmental Facilities Corporation for
the trickling filter was completed last month. This is to provide financing, as necessary, during
the project currently underway and until the final bonds are issued by NYS EFC.
The bonds for the ladder truck will be issued before the end of this month. With the trade -in,
and down payments from the Village and Town, the final amount to be financed is $270,000,
which will be repaid over a five year period. The bonds will be sold to Tompkins Trust
Company, and will have an interest rate of 2.8 %.
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3. Insurance Resolution. A resolution is needed for to allow me to sign the subscriber^for one of
our new insurers. The text is attached. (RESOLUTION REQUIRED)
4No transfers required this
5. Approval of
RESOLVED:to;approvethe Abstract of Audited•Vou6hers: Dated :9 /20/2004 in.tho;umourihof
$42b�955 39. and instruct that ihe:Tredsuree. make pavmerits thereon.
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Respectfully submitted,
Jeff € v Silber
Treasurer
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