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EXHIBIT 2015-091a
VILLAGE OF CAYUGA HEIGHTS
CLERK & TREASURER’S REPORT
DECEMBER 21, 2015
1. Meeting Schedule:
The January meeting was scheduled on the 18th, Martin Luther King Day.
The February meeting was scheduled on President’s Day.
2. Reporting
CDLM external auditor’s report has been finalized.
3. Budget:
The Office of the State Comptroller announced that the allowable levy growth factor (tax cap) for those local
governments with fiscal years beginning on June 1, 2016, will be 0.12%. This is due to the fact that pursuant to the
tax cap law, the allowable levy growth factor is 2% or the CPI, whichever is less.
4. Debt:
A Firestation principal payment of $65,000 was made on December 14, 2015. The remaining principal balance on
the original $1,000,000 bond is $300,000.
5. Insurance:
Village’s revised building valuations will be sent to NYMIR as soon as it is completed by GHD Consulting. GHD
prepared their valuations by process and not by structure. Further discussions are necessary to finalize replacement
cost coverage.
6. Revenues & Expenditures: Exhibit 2016-091b
Fund account reporting through November 30, 2015 is available; reconciliation has been reviewed and approved
by Deputy Treasurer Woodard.
7. Current Expenses - Unaudited Abstract #7 dated December 21, 2015 as distributed.
8. Approval of December Abstract –
BE IT RESOLVED THAT: Abstract #7 for FYE2016 consisting of TA vouchers 56 - 63 in the amount of
$16,031.06 and Consolidated Fund vouchers 458 - 551 in the amount of $160,291.14 is approved and the Treasurer
is instructed to make payments thereon.
Respectfully submitted,
Joan M. Mangione