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EXHIBIT 2016-112a
VILLAGE OF CAYUGA HEIGHTS
CLERK & TREASURER’S REPORT
JANUARY 16, 2016
1. Communication:
The next issue of the newsletter will require articles from each department head. Trustee
2. Reporting:
Upcoming reports due to the OSC are the Constitutional Tax Limit, Tax Cap, Tax Freeze and Approved Budget.
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:
Upcoming debt payments before the fiscal year-end:
Interest only Firestation bond payment: May - $9,000
Water System Bond Payment: May – Principal $80,000, Interest $9,400
5. Insurance:
Insurance applications for the Village’s policies are due by May 1, 2016
6. Revenues & Expenditures: Exhibit 2016-112b
Fund account reporting through February 29, 2016 is available; reconciliation was reviewed and approved by
Deputy Treasurer Woodard on March 2, 2016.
7. Current Expenses - Unaudited Abstract #10 dated March 21, 2016 as distributed.
8. Approval of March Abstract –
BE IT RESOLVED THAT: Abstract #10 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