HomeMy WebLinkAboutTreasurer's Annual Mtg. 6/1/76 to 1/31/1977•
V I L L A G E O F C A Y U G A H E I G H T S
A N N U.A L M E E T I N G
February 22, 1977
TREASURER'S REPORT TO TAXPAYERS
STOWING RECEIPTS AND EXPENDITURES
FOR ALL FUNDS
S FOR THE PERIOD
June I, 1976 zhrough January 31, 1977
ALSO
REPORT OF OUTSTANDING INDEBTEDNESS
I I su ft ed,•
Cordon B. Wheeler
Village Treasurer
•
FOR THE EIGHT MONTHS
June I, 1976 through January 31, 1977
CASH POSITION OF ALL FUNDS
page I
FUND
BALANCE
RECEIPTS
EXPENDITURES
FUND
5/31/76
8 MONTHS
8 MONTHS
BALANCES
1/31/77
I. General Fund
$ 62,890,01
$353,694.54
$311,273.04
$105,311.51
2. Sewer Sys Oper /Matnt
1000169.07
194,901.06
39,401.18
155,668.95
3. Sewer Lines Exton (assess)
441.35
25,024.86
25,045.00
421.21
4. Water Sys Improv (assess)
-0-
7,933.01
7,945.00
- 11.99
5. Water Dist (benefit assess)
-0-
51,766.12
51,755.78
10.34
6. Water Use Fund
-0-
42,254.58
8,942.95
33,311.63
7. P.W. Fed Anti- •Recession Fund
-0-
769.00
-0-
769.00
8. Fed Revenue Sharing Fund
9,881.13
13,511.81
192.84
23,200.10
9. Capital Cons•tr (Sewer Plant
Expansion)
588,731.77
16,892.27
209,537.83
396,086.21
10. Trust b Agency
9,607.23
19,743.31
20,581.08
8,769.46
Ii. Water /Sewer Cap Res (S.A.)
5,388.29
288.40
-0-
5,676.69
12. Streets Improv Cap Res (S.A.)
8,823.51
290.84
3,500.00
5,614.35
13. Fire Dept Equip Fund (S.A.)
21,598.63
418.72
19,666.68
2,350.67
14. Tax Stabilization Fund (S.A.)
1.927.85
81.33
-0-
2,009.18
GRAND TOTALS
$809,458.84
$727 :569.85
$797,841.38
$739,187.31
O * Most of these funds are invested in C.D.'s
=
for interest
Income.
(S.A.) Savings Account
ACTIVITY - GENERAL FUND
E I GHT MONTHS
12 MONTHS
8 MONTHS
BUDGET
RECEIPTS
BUDGET %
BUDGET
ACTUAL
BALANCE
Property Taxes
45.0
$210,535.10
$210,410.58
$ 124.52
Other Receipts
46.9
219,279.90 * 143.283.96
75,995.94
Surplus
8.1
38,000.00 * 62.890.01
24,890.01 r
TOTALS
100.0
$467,815.00*
$4160584.55
$ 51,230.45
EXPENDITURES
General Govt.
14.4
$ 67,290.60*
$ 45,563.43
$ 21,727.17
Police
20.2
94,668.00*
65,710.80
28,957.20
Fire Dept.
7.5
35,005.00*
23,309.52
11,695.48
Streets, Sanitation,
Snow Removal, Water
34.9
163,357.40*
132,984.86
30,372.54
General (Ins,Wk Comp,
Retlre,Overhoad)
15.8
73,809.00*
28,710.75
45,098.25
Debt Retirement
7.2
33,685.00
14,993.68
18,691.32
is TOTALS 100.0 $467,815.00* $311,273.04 $156,541.96
* - Revised from Original Budget
ACTIVITY - SEWER SYSTEM OPERATION AND MAINTENANCE
EIGHT MONTHS
page 2
•
EXPENDITURES
Debt Retirement $ 19,000.00 $ 19,000.00 $ -0-
Interest 6,045.00 6,045.00 -0-
TOTALS $ 25,045.00 $ 25,045.00 $ -0-
ACTIVITY - WATER SYSTEM LINES IMPROV. - ASSESSMENT FUND
EIGHT MONTHS
12 MONTHS 8 MONTHS BUDGET
RECEIPTS BUDGET ACTUAL BALANCE
Assessments $ 7,942.10 $ 7,933.01 $ 9.09
Surplus 2.90 -0- 2.90
TOTALS $ 7,945.00 $ 7,933.01 $ 11.99
EXPENDITURES
Debt Retirement $ 5,000.00 $ 5,000.00 $ -0-
Interest 2,945.00 2,945.00 -0-
TOTALS $ 7,945.00 $ 7,945.00 $ -0-
12 MONTHS
8 MONTHS
BUDGET
RECEIPTS
BUDGET %
BUDGET
ACTUAL
BALANCE
Sewer Rents
77.7
$178,806.00
$178,841.25
$
35.25
cr
Other Receipts
4.2
9,750.00
16,059.81
6,309.81
cr
Surplus
18.1
41,444.00
100,169.07
58,725.07
cr
TOTALS
100.0
$230,000.00
$295,070.13
$
65,070.13
cr
EXPENDITURES
Sewer Lines System
$ 58,245,00*
$ 37,565.68
$
20,679.32
Sewer Plant
119,965.00*
68,312.70
51,652.30
General
33,882.00*
15,614.80
18,267.20
Debt Retirement
17,908.00
17,908.00
-0-
TOTALS
100.0
$230,000.00
$139,401.18
$
90,598.82
* Revised
from Original
Budget
ACTIVITY -
SEWER LINES
EXTENSIONS -
ASSESSMENT FUND
EIGHT
MONTHS
12 MONTHS
8 MONTHS
BUDGET
RECEIPTS
BUDGET
ACTUAL
BALANCE
Assessments
Other Receipts
$ 23,686.38
1,252.00
$ 23,772.86
1,252.00
$
86.48
-0-
cr
Surplus
106.62
441.35
334.73
cr
TOTALS
$ 25,045.00
$ 25,466.21
$
421.21
cr
•
EXPENDITURES
Debt Retirement $ 19,000.00 $ 19,000.00 $ -0-
Interest 6,045.00 6,045.00 -0-
TOTALS $ 25,045.00 $ 25,045.00 $ -0-
ACTIVITY - WATER SYSTEM LINES IMPROV. - ASSESSMENT FUND
EIGHT MONTHS
12 MONTHS 8 MONTHS BUDGET
RECEIPTS BUDGET ACTUAL BALANCE
Assessments $ 7,942.10 $ 7,933.01 $ 9.09
Surplus 2.90 -0- 2.90
TOTALS $ 7,945.00 $ 7,933.01 $ 11.99
EXPENDITURES
Debt Retirement $ 5,000.00 $ 5,000.00 $ -0-
Interest 2,945.00 2,945.00 -0-
TOTALS $ 7,945.00 $ 7,945.00 $ -0-
CAPITAL FUND - SEWER PLANT EXPANSION
8 MONTHS
RECEIPTS ACTUAL
Federal $ -0-
State -0-
Interest Earned 16,892.27
TOTAL $ 16,892.27
EXPENDITURES
Contractors $136,706.11
Engineers 23,101.90
Debt Retirement 17,000.00
Interest on Debt 32,620.00
Othar 109.82
TOTAL $209,537.83
DEBT POSITION OF VILLAGE OF CAYUGA HEIGHTS
As of January 31, 1977
page 3
AMOUNT TO BE PAID OFF
BY
Serial Bonds •- Original Sewage Treatment Plant $103,000.00 1/15/86
Serial Bonds - Sewage Collection Line System 167,000.00 1/15/86
Serial Bonds - Water System Improvements 75,000.00 7/1/89
Installment Bond - Village Hall 38,480.00 4/22/80( #1)
Installment Bond - Fire Hall Expansion 42,000.00 4/30/83( #2)
Village Share of Water Commission Bonds 833,958.00 8/15/96( #3)
TOTAL OF BONDS $1,259,438.00
Bond Anticipation Notes - Sewer Plant Expansion $1,497,000.00 ( #4)
Equipment Note (Fire Truck) 21,333.00 8/18/78( #5)
1/31/77 GRAND TOTAL $2,777,771.00
gOTES :
01) $9,620 principal will be paid on 4/28/77.
#2) $6,000 principal will be paid on 4/30/77
0) Principal repayments will be $32,762 annually for next 3 years and will
increase later on.
#4) BAN #13 for $116,000 will be paid on 2/25/77. There will then be 3 BAN's
left totaling $1,381,000. $51,000 more will be paid off on these by
9/15/77. it is expected that final Federal and State funds on this project
will be received in 1977. If so, final bonds totaling $400,000 maximum will
be issued in 1978, for either 20 or 25 years.
• 10,667 wilt to anin on 'his =4 on 3PAM Ind the balanc0 pok off or;
8/18/76. By 3eptembor 1976, the total indebtedness or the Village should
be about 51 591x985.