HomeMy WebLinkAboutTreasurer's Annual Report 6/1/1983 to 1/31/1984V 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 21, 1984
TREASURER 'S REPORT TO TAXPAYERS
SHOWING RECEIPTS AND EXPENDITURES
FOR ALL FUNDS
FOR PERIOD
June 1, 1983 through January 31, 1984
ALSO
is _••: •a
Re tfully submitted,
C/ Gordon B. Wheeler
Village Treasurer
Page 1
FOR THE EIGHT MONTHS
June 1, 1983 through January 31, 1984
CASH POSITION OF ALL FUNDS
FUND
FUND
BALANCES
6/1/83
RECEIPTS
8 MOS.
EXPENDITURES
8 MOs.
FUND
BALANCES
1/31/84
1.
General Fund **
$ 61,875.14
$585,248.82
$508,069.53
$139,054.43*
2.
Sewer Sys. Oper /Maint.
1041701.40
332,369.31
199,488.87
237,581.84*
3.
Sewer Lines Ext. (Assess.)
966.92
18,488.47
19,755.00
- 299.61
4
Water Sys. Impr. (Assess.)
1,065.90
6,971.32
7,254.00
783.22
5.
Water--Dist. (Benefit Assess.)
50834.48
47,664.90
45,450.79
8,048.59
6.
Water Use Fund
45,970.92
97,647.26
138,103.52
5,514.66
7.
Fed. Rev. Sharing Fund
4,787.57
12,537.02
8,050.00
9,274.59
8.
Capital Construction -
(Sewer Plant Expansion)
25.00
-0-
-0-
25.00
9.
Trust Agency
3,988.84
112,761.30
114,374.05
2,376.09
10.
Dept. Public Works -
Equip. Fund - (S.A.)
11,481.75
779.83
-0-
12,261.58
11.
Fire Dept. Equip. Fund (S.A.)
22,955.01
714.44
23,000.00
669.45
GRAND TOTALS
$263,652.93 $1;215,182.67$1,063,545.76 $415,289.84
* Most of these funds are invested for interest income
(S.A.) = Savings Account
** -N.B. The fund balance shown here does not include Petty Cash nor Items 10, 11
ACTIVITY - GENERAL FUND
EIGHT MONTHS
RECEIPTS
BUDGET
12 MOs.
8 MOs.
BUDGET
Police
%
BUDGET
RECEIPTS
BALANCE
Property Taxes
39.87
$335,315.26
$333,285.60
$ 2,029.66
Other Receipts
58.94
495,601.82
251,963.22
243,638.60
Surplus
1.19
10,000.00
-0-
10,000.00
TOTALS
100.0
$840,917.08.
$585,248.82
$255.668.26
EXPENDITURES BUDGET % 12 MOS.BUD. 8 MOS.EXP. BUDGET BAL.
General Government
17.29
$145,339.68
$ 82,192.16
$ 63,147.52
Police
20.78
174,645.32
110,736.62
63,908.70
Fire Dept.
11.87
99,741.00
78,145.66
21,595.34
Dept. Public Works
30.16
253,533.00
161,713.41
91,819.59
General (Ins..,Wrkmn.Comp.,Retire.)
16.24
136,531.00
52,178.68
84,352.32
Debt Retirement (Fire Dept.
Bldg & Equip.)
3.66
30,780.00
23,103.00
7,677.00
TOTALS 100.0 $840,570.00 $508,069.53 $332,500.47
RECEIPTS
ACTIVITY - SEWER SYSTEM OPERATION AND MAINTENANCE
EIGHT MONTHS
BUDGET 12 MOS. 8 MOS.
% BUDGET RECEIPTS
Page 2
BUDGET
BALANCE
Sewer Rents
84.12
$309,550.00
$309,431.28
$ 118.72
Other Receipts
5.76
21,200.00
22,938.03
1,738.03 Cr.
Surplus
10.12
371245.00
-0-
37,245.00
TOTALS 100.00
$367,995.00
$332,369.31
$35,625.69
EXPENDITURES
BUDGET
12 MOS.
8 MOS.
BUDGET
%
BUDGET
EXPENDITURES
BALANCE
Accounts Payable
-0-
-0-
-0-
-0-
Sewer Lines System 12.71
$ 46,761.00
$ 19,425.06
$27,335.94
Sewer Plant
54.61
200,950.00
125,470.93
75,479.07
General
13.91
51,189.00
28,497.88
22,691.12
Debt Retirement
18.77
69,095.00
26,095.00
43,000.00
TOTALS 100.00
$367,995.00
$199,488.87
$168,506.13
ACTIVITY -
WATER USAGE FUND
(Bolton
Point Source)
EIGHT MONTHS
12 MOS`;
8 MOS.
BUDGET
BUDGET
RECEIPTS
BALANCE
RECEIPTS
$178,873.67
$ 97,647.26
$81,226.41
12 MOS.
8 MOS.
BUDGET
BUDGET
EXPENDITURES
BALANCE
EXPENDITURES
$174,500.00
$138,103.52
$36,396.48
NOTE:
'there was a balance
on hand of $45,970.92
on 6/1/83 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, 1984
REMAINING
BALANCES
AMOUNT OF
ORIGINAL
BONDS
ORIGINAL
DATE OF
ISSUE
Page 3
INTEREST COMPLETION
RATE DATE
Statutory Bond -
New Fire Truck
$' 40,000
$100,000
7/2/80
6.0%
7/2/85
Serial Bonds - Original
Sewaqe Treatment Plant
24,000
261,000
7/15/58
3.25%
1/15/86
Serial Ponds - Sewage
Collec. Line System
36,000
465,000
7/15/58
3.25%
1/15/86
Serial Bonds - Water
System Improvement
361000
150.,000
7/15/60
3.0%
1/15/89
Village Share of Water
Comm. Bonds
589,727
8331958
11/15/76
6.7%
8/15/96
Serial Bonds - Expansion
of Sewer Plant (20 yrs.)
470,000(A) 650,000
12/1/57
5.5%
4/15/97
$1,195,727
$2,459,95.8
e X11
(A) $30,000 will be paid on this balance on 4/15/84
There are no outstanding notes or indebtedness other than listed above.
Total Debt Retirement payments for this Fiscal Year Total $198,557 *
Village Tax Margin (dictated by State Law) is $683,433. That is, the
Constitutional Real Property Tax Limit is (this Fiscal Year) $1,018,748.
The Real Property Tax Levy this yearis $335,315, so the margin available
is over twice this or $683,433.
Village monies invested as of 1/31/84 include:
Money Market Type Funds = $370,425.35 **
Savings Accounts = 12,931.03
Total = $383,356.38
Village Fixed Assets now total $5,497,858.
OR $6,331,816 including Village share of the Idtermunicipal Water System.
* Principal portion is $124,719 )
Interest portion is $ 73,838 ) $198,557
** First Bank Ithaca = $175,685.89 ) $370,425.35
Tompkins County Trust Co= $194,739.46 )