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Home My WebLink AboutTreasurer's Annual Report 6/1/1982 to 1/31/1983i s 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, 1983 TREASURER'S REPORT TO TAXPAYERS SHOWING RECEIPTS AND EXPENDITURES FOR ALL FUNDS FOR PERIOD June 1, 1982 through January,31, 1983 ALSO REPORT OF OUTSTANDING INDEBTEDNESS R pectfully sub 'tted, Gordon B. Wheeler Village Treasurer FUND 1. 2. 3. 4. 5. 6. 7• 8. 9. 10. 11 * FOR THE EIGHT MONTHS June 1, 1982 through January 31, 1983 CASH POSITION OF ALL FUNDS General Fund ** Sewer Sys. Oper /Maint. Sewer Lines Ext. (Assess.) Water Sys. Impr. (Assess.) Water Dist. (Benefit Assess.) Water Use Fund Fed.Rev. Sharing Fund Capital Construction - (Sewer Plant Expansion) Trust & Agency Dept. Public Works - Equip. Fund - (S.A.) Fire Dept. Equip. Fund (S.A.) GRAND TOTALS Page 1 FUND RECEIPTS EXPENDITURES FUND BALANCES 8 mos. 8 mos. BALANCES 6/1/82 478.24 -0- 1/31/83 $157,16o.13 $481,271.75 $575,562.97 $ 62,868.91* 90,380.58 299,333.80 182,994.87 206,719.51* 899.97 20,330.64 20,340.00 890.61 1,759.49 7,001.87 7,710.00 1,051.36 1,269.19 51,332.88 46,862.07 5,740.00 41,781.12 92,768.46 128,802.38 5,747.20 3,685.04 13,474.37 -0- 17,159.41* 25.00 -0- -0- 25.00 836.00 71,102.07 70,257.07 1,681.00 10,841.89 478.24 -0- 11,320.13 21,781.08 878.72 -0- 22,659.80 $330,419.49 $1 ;037,972.80$1,032,529.36 $335,862.93 Moat of these funds are invested for interest income (S.A.) = Savings Account ** -N.B. This fund balance shown here does not include Petty Cash nor Items 10, 11 RECEIPTS Property Taxes Other Receipts Surplus TOTALS EXPENDITURES General Government Police Fire Dept. Dept, of Public Works General (Ins.,Wrkmn.Comp,Retire.) Debt Retirement (Fire Dept. Bldg & Equip.) TOTALS ACTIVITY - GENERAL FUND EIGHT MONTHS BUDGET % 35.1% 48.2% 16.7% 100.0% BUDGET % 12.9% 19.0% 6.9% 42.9% 14.7% 3.6% 100.0% 12 MOS. 8 MOS. BUDGET RECEIPTS $297,353.85 $295,926.10 408,326.71 185,345.65 141,122.44 148,649.93 $846,803.00 $629,921,68 12 MOS.BUD. 8 MOS. EXP. $108,926.81 $ 61,677.63 161,o54.00 99,712-.21 58,000.00 34,339.50 363,130.00 294,630.36 124,921.19 60,613.16 BUDGET BALANCE $ 1,427.75 222,981.06 7,527.49 Cr. $216,881.32 BUDGET BALANCE $ 47,249.18 61,341.79 23,660.50 68,499.64 64,308.03 30,771.00 24,590.11 6,180.89 $846,803.00 $575,562.97 $271,240.03 ACTIVITY - SEWER SYSTEM OPERATION AND MAINTENANCE EIGHT MONTHS Page 2 RECEIPTS NOTE: ACTIVITY - WATER USAGE FUND (Bolton Point Source) EIGHT MONTHS 12 MOS. BUDGET $181,000.00 12 MOS. BUDGET 8 MOS. RECEIPTS $ 92,768.46 8 MOS. EXPENDITURES BUDGET BALANCE $ 88,231.54 BUDGET BALANCE $181.000.00 $128,802.38 $ 52,197.62 There was a balance on hand of $41,781.12 on 6/1/82 which was water use revenues for payment to the Southern Cayuga Lake Intermunicipal Water Commission. BUDGET 12 MOS. 8 MOs. BUDGET RECEIPTS % BUDGET RECEIPTS BALANCE Sewer Rents 74.1% $265,536.00 $269,783.85 $ 4,247.85 Cr. Other Receipts 8.0% 28,700.00 29,549.95 849.95 Surplus 17.9% 64,374.00 87,111.87 22,737.87 TOTALS 100.00% $358,610.00 $386,445.67 $ 27,835.67 Cr. BUDGET 12 MOS. 8 MOS. BUDGET EXPENDITURES % BUDGET EXPENDITURES BALANCE Accounts Payable 1.0% 3,585.18 3,585.18 -0- Sewer Lines System 12.6% 45,000.00 13,086.58 31,913.42 Sewer Plant 51.9% 186,000.00 113,945.78 72,054.22 General 1497% 52,964.82 25,067.33 27,897.49 Debt Retirement 19.8% 71,060.00 27,310.00 43,750.00 TOTALS 100.0% $358,610.00 $182,994.87 $175,615.13 RECEIPTS NOTE: ACTIVITY - WATER USAGE FUND (Bolton Point Source) EIGHT MONTHS 12 MOS. BUDGET $181,000.00 12 MOS. BUDGET 8 MOS. RECEIPTS $ 92,768.46 8 MOS. EXPENDITURES BUDGET BALANCE $ 88,231.54 BUDGET BALANCE $181.000.00 $128,802.38 $ 52,197.62 There was a balance on hand of $41,781.12 on 6/1/82 which was water use revenues for payment to the Southern Cayuga Lake Intermunicipal Water Commission. DEBT POSITION OF VILLAGE OF CAYUGA HEIGHTS As of January 31, 1983 Page 3 ►• , :. u" $1,326,447 $2,501,958 FOOT NOTES: (A) $6,000 will be paid on this balance on 4/30/83. This bond will then be paid off. (B) $30,000 will be paid on this balance on 4/15/83. There are no outstanding notes or indebtedness other than listed above. Total Debt Retirement payments for this Fiscal Year Total $208,714.29.* Village Tax Margin (Dictated by State Law) is $992,414. That is, the Constitutional Real Property Tax Limit is (this Fiscal Year) $1,289.768. The Real Property Tax Levy this year is $297,354, so the margin available is over three times this or $992,414. Village monies invested as of 1/31/83 include: Money Market Type Funds = $ 298,205.41 ** Savings Accounts = 33,979.93_ Total = $ 332,185.34 Village Fixed Assets now total $5,307,190 , OR $6,141,148 including Village share of the Intermunicipal Water System. * Principal portion is $ 127,741.04 ) $ 208,714.29 Interest portion is $ 80,973.25 ) ** First Bank Ithaca = $ 163,459.55 ) $ 298,205.41 Tompkins County Trust Co. = $ 134,745.86 ) AMOUNT OF ORIGINAL REMAINING ORIGINAL DATE OF INTEREST COMPLETION BALANCES BONDS ISSUE RATE DATE Statutory Bond - New Fire Truck $ 60,000 $100,000 7/2/80 6.o % 7/2/85 Serial Bonds - Original Sewage Treatment Plant 362000 261,000 7/15/58 3.25% 1/15/86 Serial Bonds - Sewage Collec. Line System 54,000 465,000 7/15/58 3.25% 1/15/86 Serial Bonds - Water System Improvement 42,000 150,000 7/15/60 3.0 % 7/15/89 Statutory Bond - Fire Hall Expansion 6,000(A) 42,000 4/30/76 6.0 % 4/30/83 Village Share of Water Comm. Bonds 628,447 833,958 11/15/76 6.7 % 8/15/96 Serial Bonds - Expansion of Sewer Plant (20 yrs.) 500,000(B) 650,000 12/1/57 5.5 % 4/15/97 ►• , :. u" $1,326,447 $2,501,958 FOOT NOTES: (A) $6,000 will be paid on this balance on 4/30/83. This bond will then be paid off. (B) $30,000 will be paid on this balance on 4/15/83. There are no outstanding notes or indebtedness other than listed above. Total Debt Retirement payments for this Fiscal Year Total $208,714.29.* Village Tax Margin (Dictated by State Law) is $992,414. That is, the Constitutional Real Property Tax Limit is (this Fiscal Year) $1,289.768. The Real Property Tax Levy this year is $297,354, so the margin available is over three times this or $992,414. Village monies invested as of 1/31/83 include: Money Market Type Funds = $ 298,205.41 ** Savings Accounts = 33,979.93_ Total = $ 332,185.34 Village Fixed Assets now total $5,307,190 , OR $6,141,148 including Village share of the Intermunicipal Water System. * Principal portion is $ 127,741.04 ) $ 208,714.29 Interest portion is $ 80,973.25 ) ** First Bank Ithaca = $ 163,459.55 ) $ 298,205.41 Tompkins County Trust Co. = $ 134,745.86 ) PERCENT OF TOTAL CURRENT EXPENAITURCS w m m m o 5, 9 in ax x ^ �o o� G pD mm 2 m c 2 m m> e a x m o W -o °� am a 5c � o rnrn 3° o� N c)rn A ° N •• °a 2 r;0-v A Y° o �mz O Z s° mom° z �o a.XA b r* e rn a f cozy' d oDVM co m C r Co rn Z co 3 sri o m H H °zm a r Z x •r ° am 0 m� mr A O y + QI YI p OI a QI 01 t7Z IN TEN MILLIONS � 0 0 m D e 3 D D A YTf � w V 1a « _ tl V N r c c r T (q O m b s 0 F Z W N o o m n, a 9 Q Z o IL m CL a 0 a- m Z r _ n o q (D m C o T V ON O O n g < a s o � Oa — 8 0 N 0 IN TEN MILLIONS