HomeMy WebLinkAboutTreasurer's Annual Report 6/1/1977 to 1/31/19780
VILLAGE
OF
C
A Y
U
G A HEIGHTS
ANNUAL
MEETING
February 21, 1978
TREASURER'S REPORT TO TAXPAYERS
SHOWING RECEIPTS AND EXPENDITURES
FOR ALL FUNDS
FOR THE PERIOD
June I, 1977 through January 31, 1978
ALSO
REPORT OF OUTSTANDING INDEBTEDNESS
Respectfully submitted,
Gordon B. Wheeler
Village Treasurer
page.. I:
• FOR THE EIGHT MONTHS
June I, 1977 through January 31, 1978
CASH POSITION OF ALL FUNDS
BALANCE
RECEIPTS
EXPENDITURES
FUND
5/31/77
8 MONTHS
BALANCES
FUND
1/31/78
I. General Fund $
63,719.77
$363.689.50
$305,569.09
$121,840.18
2. Sewer Sys Oper /Malnt
107,621.86
188,218.95
178,397.63
117,443.18
3. Sewer Lines Ext (Assess)
421.21
24,310.32
24,427.50
304.03
4. Water Sys Imp (Assess)
-0-
7,699.34
7,755.00
- 55.66
5. Water Dist (Benefit Assess)
10.34
51,776.68
102,540.86
-_ 50,753.84
6. Water Use Fund
- 1,997.45
116,608.16
78,696.00
,
35,914.71 **
76 P.W. Fed Anti- Recess Fund
940.00
2,216.00
-0-
3,156.00
8. Fed Rev Sharing Fund
21,804.12
13,852.81
1,625.15
34,031.78
9. Capital Constr (Sewer
Plant Expansion)
80,928.83
1,016,916.02
50,544.90
1,047,299.95
10. Trust d Agency
9,591.54
20,461.45
26,200.68
3,852.31
11. Water /Sewer Cap Res (S.A.)
5,955.51
251.94
-0-
6,207.45
12 Sts Improv Cap Res (S.A.)
5,754.19
243.43
-0-
5,997.62
13. Fire Dept Equip Fund (S.A.)
2,379.83
91.35
-0-
2,471.18
14. Tax Stabilization Fnd(S.A.)
2:036.61
86.16
-O-
2,122.77 '
GRAND TOTALS $299
1.806,422.11
775�756.�81
1.329,831.66
* Most of these funds are Invested In C.D.'s
for interest income
(S.A.) = Savings Account
** Payment of $39,981 had to be made to Bolton Water Comm on 2/9/78,
so current
balance is again negative.
ACTIVITY -
GENERAL FUND
EiGHT MONTHS
12 MOS.
8 MOS.
BUDGET
RECEIPTS
BUDGET %
BUDGET
ACTUAL
BALANCE
Property Taxes
45.3
$2(80751.67
$216,970.92
$ 10780.75
Other Receipts
51.1
246,874.00
146,718.58
100,155.42
Surplus
3.6
17.069.33
63,719.77
46,650.44cr
TOTALS
100.0
$482.695.00
$427,409.27
$ 55,285.73
EXPENDITURES
General Govt.
15.8
$ 76,031.36*
$ 460128.36
$ 29,903.00
Police
21.5
103,903.00*
73,426.55
300476.45
Fire Dept.
• Dept. Public Works
6.6
33.3
310679.31*
160,868.32*
25,271.70
117,656,88
60407.61
43,211.44
of
General (Ins, Wk Comp,
16.4
79,134.00*
30,005.61
49,128.39
Retirement,Overhead)
Debt Retirement
6.4
31,079.01*
13,079.99
17,999.02
TOTALS
100.0
$482,695.00
$305,569.09
$177,125.91
* Revised from Original Budget
0
ACTIVITY - SEVIER SYSTEM OPERATION AND MAINTENANCE
EIGHT MONTHS
RECEIPTS BUDGET %
Sewer Rents 70.3
Other Receipts 4.1
Surplus 25.6 .
TO TA it LS 100.0
EXPENDITURES
Sewer Lines System 23.8
Sewer Plant 59.5
General 11.1
Debt Retirement 5.6
100.0
* Revised from Original Budget
RECEIPTS
Bond Sale
Federal
State
Interest Earned
EXPENDITURES
Bond Sale Costs
Contractors
Engineers
Debt Retirement
Interest on Debt
Other
to f
12 MOS. 8 MOS.
BUDGET ACTUAL
$181,938.75 $176,811.25
10,500.00 11,407.70
66.197.25* 107,621.86
$258,636.00* $295,840.81
page 2
BUDGET
BALANCE
$ 5,127.50
907.70cr
41.424.61cr
$ 37,204.81cr
61,500.00* 39,409.70 22,090.30
154,000.00* 103.524.87 50,475.13
28,788.00 21,115.56 7,672.44
14.348.00 14,347.50 .5G
$258,636.00* $178,397.63 $ 80,238.37
CAPITAL FUND - SEWER PLANT EXPANSION
8 MOS.
ACTUAL
$651,996.11
210,490.00
151,500.00
2.929.91
TOTAL $1,016,916.02
$ 5,435.65
-0-
-0-
17,000.00
28,062.50
46.75
TOTAL $ 50,544.90
r�
DEBT POSITION OF VILLAGE OF CAYUGA HEIGHTS
As of January 31, 1978
page 3
#1) $9,620 principal will be paid on 4/28/78.
#2) $6,000 principal will be paid on 4/30/78.
#3l Principal repayments will be $32,762 annually for 2 more years.
#4) BAN #17 for$449,000 and BAN #18 for $449,000 will be fully paid off on April 5.
Only BAN #19 for $432,000 will be outstanding then that cannot be paid off
until final Federal and N.Y. State grants are received.
#5) Fire Truck equipment note will be paid off on 6/18/76.
#6) $30,000 principal payment will be made on 4/15. As of current fiscal year end
5/31/78, total outstanding bonds will be $1,780,436.
Gordon B. Wheeler
Village Treasurer
0
TO BE PAiD OFF
AMOUNT
BY
(Notes)
Serial Bonds - Original Sewage Treatment
Plant
$
92,000.00
1/15/86
Serial Bonds - Sewage Collection Line
System
148,000.00
1/15/86
Serial Bonds - Water System Improvements
70,000.00
7/1/89
Installment Bond - Village Hall
28,860.00
4/22/80
( #I)
Installment Bond - Fire Hall Expansion
36,000.00
4/30/83
42)
Village Share of Water Comm Bonds
801,196.00
8/15/96
03)
Serial Bonds - Expansion of Sewer Plant
(20 years)
650,000.00
4/15/97
06)
TOTAL BONDS
$1,826,056.00
Bond Anticipation Notes - Sewer Plant Exp
$1,330,000.00
( #4)
Equipment Note (Fire Truck
1
10,666.66
8/18/78
05)
TOTAL NOTES
$1_,340,666.66
1/31/78 GRAND TOTAL
$3.166,72-2
66
NOTES:
#1) $9,620 principal will be paid on 4/28/78.
#2) $6,000 principal will be paid on 4/30/78.
#3l Principal repayments will be $32,762 annually for 2 more years.
#4) BAN #17 for$449,000 and BAN #18 for $449,000 will be fully paid off on April 5.
Only BAN #19 for $432,000 will be outstanding then that cannot be paid off
until final Federal and N.Y. State grants are received.
#5) Fire Truck equipment note will be paid off on 6/18/76.
#6) $30,000 principal payment will be made on 4/15. As of current fiscal year end
5/31/78, total outstanding bonds will be $1,780,436.
Gordon B. Wheeler
Village Treasurer
0