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EXHIBIT 2016-102a
VILLAGE OF CAYUGA HEIGHTS
CLERK & TREASURER’S REPORT
JANUARY 16, 2016
1. Communication:
The latest issue of Village Voices was published. The next issue is planned for June.
The website has received praise from several residents. We are conducting a photo contest in order to have
changing scenes on the home page.
2. Reporting:
All reporting to outside agencies is current. The next reports will be the Approved Budget, Tax Cap and Tax Limit
Reports.
2. 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.
The following budgetary revisions need authorization:
3. Debt:
Upcoming debt payments before the fiscal year-end:
Interest only Firestation bond payment: May - $9,000
Interest only WWTP Trickling Filters: April - $2,572.58 subsidized by $1,282.50 payment reduced to $1,290.08
Interest only WWTP Phosphorus: April - $9,751.42
Water System Bond Payment: May – Principal $80,000, Interest $9,400
4. Insurance:
Village’s revised WWTP structure valuations completed by GHD Consulting were sent to NYMIR. No response
on revised premium has been received to date.
6. Revenues & Expenditures: Exhibit 2016-102b
Fund account reporting through January 31, 2016 is available; reconciliation has been reviewed and approved by
Deputy Treasurer Woodard.
7. Current Expenses - Unaudited Abstract #9 dated February 16, 2016 as distributed.
8. Approval of February Abstract –
BE IT RESOLVED THAT: Abstract #9 for FYE2016 consisting of TA vouchers 72 - 84 in the amount of
$16,031.06 and Consolidated Fund vouchers 623 - 682 in the amount of $165,824.70 is approved and the Treasurer
is instructed to make payments thereon.
Respectfully submitted,
Joan M. Mangione