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HomeMy WebLinkAbout1996 Enfield Vol Fire Company DocumentsENFIELD VOLUNTEER FIRE COMPANY, INC. FINANCIAL STATEMENT 1995 Receipts.- eceipts:Town TownContract $149,153.00 Interest on Account 744.14 Donation -from Firemans Account 32,109.00 Carry-over from 1994 0.00 Total Receipts $1821006.14 Disbursements: Administrative.Budget $ 5,521.39 Building Maintenance Budget 8,621.09 Fire Equipment'Budget 9,609.95 General Expenses Budget 8,348.40 Health & Safety 8,694.78 Insurance Budget 26,321.09 Loans Budget (trucks & equip) 40,150.22 Loans Budget (building) 18, 432 .56 Rescue Budget 3,952.73 Truck Maintenance Budget 6,428.63 Truck Replacement Budget 38,000.00 Utilities Budget 7,925.30 Total Disbursements 5182_.006.14 Excess of receipts (disbursements) _ 0.00: Excess, receipts (disbursements) $ 278,08 ($3,449.96) $, (9.6.04) $ 0.00 $ 0.00 $ 0.00 Capital.Account Cash, beginning: $13,392.56 $27•,675.58- $37113.91, $12,352..64. $20;624.64.. $22,754:42 Receipt, town contract 13,750;,00 8,000.00 ENFIELD VOLUNTEER FIRE COMPANY, 8,00.,0..00; Receipt, fr6m, Firemen' Acct O:QO 0.00. 12,500,.00' PAST YEARS INCOME/EXPENSE & PRESENT'BUDGET.`. 301`000.00 -Receipt, intere<st 600'.74 - 1; 511 . Er7 Actual Actual Actual Actual Actual Actual Budget ;.`46,1.61.79 1990 1991 1992 1993 1994 1995 1996 Receipts: $.22, 754.42, $22,574.26 Town Contract $129,330.00 $155,040.00 $140,040.00 $142,540.00 $144,809.00 $149,153.00 $155,744.00 Interest on account 1,353..98 1,345.75 1,055.62 621.63 662.48 744.14 Donations from Fireman's Acct 0 4,404.00 3,688.43 1,2.30.00 10,9.90.00 32,109.00 Cai-ry-wover from previous year 188.97 278.08 -3,449;96, -96.04 0.00 0.00 6tal.receipts. $130,8:72..95 $161,0.67.83• $141,334:09... $14.4,295..59 $156,461.48 $182,006.14 $155.744.00 Disbursements Administrative $ 1,3S5 03 $ 1,339.76 $ 690.03' $ 4,983.03 $ 4,:308.79 $ 5,521.39 $ 2,929.,00 Building maintenance- 3,460.46: 8,391.94 3;006 52 6,199.26 5,926.,05 8,621.09 4,330.00 Capital 29,381.38 0.00 0.00. 0.00 0.00 0.00 0:00 Fire equipment ... 5,053:02 32,334 :561 18,669.35. 12;716:`61 16;451..30 9,609.95 8,951:00 ..General & training 2',79,7.68 2,206:.94 6,.75.2.22. 4.',248.4T 7,321.:40 8,348.40 3,829:.00 Health & Sa€ety 0.00 0.00 0.000:00 0.00 8,694:78 10, 629. 06 Insurance 211076.00 241828.74 25,264.43 : 24.,886.83. 21,537.36 26,321.09 23,753.60 Loans (trucks) :15,60866' 38,767.92 41,472.8.6 46,553.37 45,807::40 40,150.22 52,996.00 i Loans (buldi.ng) 23, 553.00 21,273.06 18,062.00 16, 170.80 15, 907.56 18, 432,56 19,200-00 ' Rescue _. 1,142.50. 8,098.56 5,838.64 6,124:86 8,841.91 3;952.73 6,198:00 Truck -Maintenance 4.,450:20 12,632.35 6,765.94 6.,882.37 9,994.67 6,428.63 6;429..00 Transfer, Truck Replacement 13,750.00 8,000.00 8,00.0.00 8,000.00 12,000.00 38,000.00 8,000.00 Utilities 8,966.94 6,'643.96. 6,908.14 7,530.05 8,371:04 7,925.30 8,500.QO Total., Disbursements $13,0,594:84 $-164,517,79` $141,430.13 $144,295.59 $156,461.48 $182,006,14 $155,7,44.00,,_; Excess, receipts (disbursements) $ 278,08 ($3,449.96) $, (9.6.04) $ 0.00 $ 0.00 $ 0.00 Capital.Account Cash, beginning: $13,392.56 $27•,675.58- $37113.91, $12,352..64. $20;624.64.. $22,754:42 Receipt, town contract 13,750;,00 8,000.00 8;000.00 8,000.00:: 8,000.00 8,00.,0..00; Receipt, fr6m, Firemen' Acct O:QO 0.00. 12,500,.00' 0:00 4,000.00 301`000.00 -Receipt, intere<st 600'.74 - 1; 511 . Er7 9Q0.52 333:70 263.57 559 .10 Disbursements 67.72 73,34 ;.`46,1.61.79 61:.70 i0, 133.79 30,739.26` Cash, endin_ c7 $27 675.58 $37 113.'.91 ^ $.12,352,.64 $20 624..64 $.22, 754.42, $22,574.26 -44 11 'M Enfield Volunteer• Enfiela Volunteer Eire Company, Inc. Fire Co., Inc. 1948 ANNNUAL REPORT 1996 Membership - 44 Active (4 new members in 1996) Emergency Medical Technician D -Level - 7 Emergency Medical Technician Basic 5 First Responder D -Level - 2 Total Manhours - 8258 Fire & Rescue Response - 2539 Work Details/Meetings - 4111 Fire Training Hours - 801 Rescue Training Hours 923 EMT -D Classes - 6 attended CFR -D Classes - 2 attended Essentials of Firemanship Course - 3 attended Educational Methodology/Leadership I,11, III Series - 1 attended Pump Operator's Course - 7 attended Principles of Fire Investigation- 1 attended Total Calls: 224 Structure Fires - 13 Rescue - 87 Mutual Aid Ithaca (From = 1) (To = 6) Mutual Aid Newfield (From = 7) (To = 6) Mutual Aid Mecklenburg (From = 6) (To = 1) Mutual Aid Interlaken (To = 1) Mutual Aid Trumansburg (From ;= .10) (To = 5) Mutual Aid Ovid (To = 1) Mutual Aid Romulus (To = 1) All other calls (car, grass, auto alarms, etc.) - 99 Average response time from time of alarm -"3.3 minutes Miles Traveled: Engine 601 - 1080 Engine 602 - 928 Tanker 621 - 702 Tanker 622 - 1050 Heavy Rescue 641 - 308 Light Rescue 642 - 979 Brush Truck 643 - 120 Fuel Used - 1266 gallons 172 Enfield MainRd+ Ithaca, New York 14850 (607) 272-8757 - ENFIELD VOLUNTEER FIRE COMPANY QUARTERLY BOARD REPORT STATEMENT OF RECEIPTS AND DISBURSEMENTS December 31, 1996 Year Quarter To Date 1996 Actual Actual Budget Receipts: Town Contract $ 0.00 $155,744.00 $155,744.00 Interest Income 153.72 712.48 Donation from Fireman's Account 0.00 6,645.08 Total Receipts $ 153.72 $163,101.56 $155,744.00 Disbursements: Administrative $ 554.31 $ 5,827.52 $2,929.00 Building Maintenance 6,639.58 10,839.93 4,330.00 Fire Equipment 627.65 8,986.36 8,951.00 General & Training 403.96 3,044.08 3,829.00 Health & Safety 7,113.71 8,399.36 10,629.00 Insurance 7,627.63 29,176.21 23,753.00 Loans (Building) 4,544.85 18,305.76 19,200.00 Loans (Trucks & equipment) 5,368.25 48,009.01 52,996.00 Rescue 502.57 8,486.46 6,198.00 Truck Maintenance 2,405.25 5,839.93 6,429.00 Transfer to Reserve Funds 0.00 8,000.00 8,000.00 Utilities 2,622.01 8,186.94 8,500.00 Total Disbursements $ 38,409.77 $163,101.56 $155,744.00 Excess of Receipts (Disbursements) Cash, beginning $ 38,256.05 $ 0.00 Cash, end $ 0.00 $ 0.00 CAPITAL REPLACEMENT FUND Cash, beginning $ 8,631.98 $ 30,574.26 Transfers 0.00 8,000.00 Interest 21.69 154.85 Expenses 0.00 30,030.44 Cash, end $ 8,698.67 $ 8,698.67 ENFIELD VOLUNTEER FIRE COMPANY, INC.- FINANCIAL STATEMENT 199.5 Receipts: Town Contract < $1551744.Od Interest onAccount 7.Y2:48 Donation:.from Firemans Account 6,645.08 Carry-over 'from 1994 Total Receipts $163;1.01.56 Disbursements- isbursements:Administrat Administrative-Budget, veBudget $ 5,'827.52 Building Maintenance Bridget 10,839.93 Fire Equipment Budget 8,98,6.36 General Expenses Budget 3,,-044.08 Health & Safety 8;399.36 Insurance Budget 29,176.21 Loans Budget (trucks & equip) 4$,`009.01 Loans Budget:{building) 18,305.76 Rescue Budget 80,486.46 Truck Maintenance -Budget 5,839.93 Truck Replacement Budget 8,000.00 Utilities Budget 8,186.94 Total Disbursements 32101.56 Excess of receipts (disbursements) 0:00. ENFIELD VOLUNTEER FIRE COMPANY PAST YEARS INCOME/EXPENSE & PRESENT BUDGET Actual Actual Actual Actual 1991 1992 1993 1994 Receipts: Actual Actual Budget 1995 1996 1997 Town Contract $155,040.00 $140,040.00 $142,540.00 $144,809.00 $149,153.00 $155,744.00 $156,374.00 Interest on account 1,345.75 1,055.62 621.63 662.48 744.14 712.48 Donations from Fireman's Acct 4,404.00 3,688.43 1,230.00 10,990.00 32,109.00 6,645.08 Carry-over from previous year 278.08 -3,449.96 -96.04 0.00 0.00 0.00 Total receipts $161,067.83 $141,334.09 $144,295.59 $156,461.4:8 $182,006.14 $163,101.56 Disbursements: $ 0.00 $ 0.00 $ 0.00 Capital Account Administrative $ 1,339.76 $ 690.03 $ 4,983.03 $ 4,308.79 $ 51521.39 $ 5,827.52 Building maintenance 8,391.94 3,006.52 6,199.26 ✓ 5,926:05 8,621.09 10,839.93 Fire equipment 32,334.56; 18,669.35 12,716.61 16,451.30 9,609.95 8,986.36 General &-training 2,206.94 6,752.22 4,248.41 7,321.40 8,348.40 3,044.08 Health & Safety 0.00 0.00 0.00 0.00 8,694.78 8,399.36 Insurance 24,828.74 25,264.43 24,886.83 21,537.36 26,321.09 29,176.21 Loans (trucks) 38,767.92 41,472.86 46,553.37 45,801.40 40,150.22 48,009.01 Loans (building) 21,273.06 18,062.00 16,170.80 15,907.56 18,432.56- 18,305.76 Rescue 8,098.56 5,838.64 6,124.86 8,841.91' 3,952.73 8,46.46 Truck Maintenance 12,632.35 6,765.94 6,882.37 9,994.67 6,428.63 5,839.93 Transfer, Truck Replacement 8,000.00 8,000.00 8,000.00 12,000.00 38,000.00 8,000.00 Utilities 6,643.96 6,908.14 7,530.05 8,371.04 7,925.30 8,186.94 Total Disbursements $164,517.79 $141,430.13 $144,295.59 $156,461.48 $182,006.14 Excess receipts (disbursements)($3,449.96) $ (96.04) $ 0.00 $ 0.00 $ 0.00 Capital Account Cash, beginning $27,675.58 $37,113.91 $12,352.64 $20,624.64 $22,754.42 Receipt, town contract 8,000.00 8,000.00 8,000.00 8,000.00 8,000.00 Receipt, from Firemen's Acct 0-.00 12,500.00 0;00 4,000.00 30,00-0.00 Receipt, interest 1,511.67 900.52 333.70 263.57 559.10 Disbursements 73.34 46,161.79 61.70 10,133.79 30,739.26 Cash, ending $37,113.91 $12,352.64 $20,624.64 $224.754.42 $30,574.26 $156,374.00 $ 2,929.00 4,330.00 8,951.00 3,829.00' 12,785.00 23,753.00 52,503.00. 18,167.00 6,198.00 6,429.00 8,000.0-0. 8,500.00 $163,101.56 $15.6,374.00 $ 0.00 $30,574.26 8,000.00 0.00 154.85 30,030.44 $ 8,698.67 DATE: February 4, 1997 CAPITAL REPLACEMENT FUND Cash, beginning Transfers Interest Expenses Cash, end $30,574.26 8,000.00 11.11 16.00 $ 8,631.98 $ 30,574.26 8,000.00 133.16 30,075.44 $ 8,631.98 4 ENFIELD VOLUN'T'EER FIRE COMPANY QUARTERLY BOARD REPORT STATEMENT OF RECEIPTS AND DISBURSEMENTS September 30, 1996 Year Quarter To Date 1996 Actual Actual Budget Receipts: Town Contract $ 51,915.00 $155,744.00 $155,744.00 Interest Income 272.23 558.76 Donation from Fireman's Account 6,645.08 6,645.08 Total Receipts $ 58,832.31 $162,947.84 $155,744.00 Disbursements: Administrative $ 3,424.46 $ 5,273.21 $2,929.00 .Building Maintenance 1,122.04 4,200.35 4,330.00 Fire Equipment 1,496.61 8,358.71 8,951.00 General & Training 440.95 2,640.12 3,829.00 Health & Safety 0.00 1,285.65 10,629.00 Insurance 10,921.00 21,548.58 23,753.00 Loans (Building) 4,544.85 13,760.91 19,200.00 Loans (Trucks & equipment) 5,636.66 42,640.76 52,996.00 Rescue 7,199.73 7,983.89 6,198.00 Truck Maintenance 815.73 3,434.68 6,429.00 Transfer to Reserve Funds 8,000.00 8,000.00 8,000.00 Utilities 1,046.27 5,564.93- 8,500.00 Total Disbursements $ 44,648.30 $124,691.79 $155,744.00 Excess of Receipts (Disbursements) Cash, beginning $ 0.00 $ 24,072.04 Cash, end $ 38,256.05 $ 38,256.05 CAPITAL REPLACEMENT FUND Cash, beginning Transfers Interest Expenses Cash, end $30,574.26 8,000.00 11.11 16.00 $ 8,631.98 $ 30,574.26 8,000.00 133.16 30,075.44 $ 8,631.98 ENFIELD, VOLUNTEER' FIRE :COMPANY; INC FINANCIAL STATEMENT 1995 Receipts: Town Contract $149,153.00 Interest on Account 7'44 14 Donation from Firemans Account 32,109.00 Carry-over from.1994 000 Total Receipts $x.82,, 0;06:1.4 Disbursements: Administrative Budget $ 5,521.39 Building Maintenance:Budget, $,6:21.09. Fire Equipment Budget 9,6;09.95 General Expenses Budget 8,34$:40 Health & Safety 8,694 78 Insurance Budget 26,321.09 Loans Budget (trucks :& equip) 40,150.22 Loans Budget (building) .18432.56 Rescue Budget 3,952.73 Truck Maintenance. Budget 6;42863 Truck Replacement -Budget 38,000.00 Utilities Budget 7,925.30 ?otal Disbursements 8182,006..14 Excess of receipts .(disbursements) 0.00 Total Disbursements $130,594.84 Excess receipts (disbursements) $ 278-08 Capital Account $164,517.79 $14,1,430.73 $144,295.59 $156,461.48 $182,006.14 $155,7,44.00 ($3,449.96) $ (96.04) $ . 0.00 $ 0.00 $ 0.00 Cash, beginning $13, 392 .56 $27,675.58 $37,113.91 $12,352.64 $20,624.64 qceipts: $22, 754 Receipt, tc)wrl COjjLrEj(-,L 13o750.00 8,000.00 8,000.00 TOAm Contract $129,330,�00 $155, 0.4. 0 00 $,1 0, 040. '4 00 4 2. 1 540..00. $1'44 , 06' 149, 'i53 60- 155, 744 0.00 Interest on account 1., 3s3 .98. 1,345-75 .1 0'55 . 62, 6 2.1 63+., + A . 00 .0.0 RC-(.-Elipt, Donations from Fireman's Aqct 0 4,4;04.00 3,688.43 1,.230..00;:. 10',990..00 32.,1'09.010 263.57 Cal: ry-over from previous year 188.:97 278-,.08 =3,44.9.96 -96.04 0.0,0. 016, 1,61.79 Total receipts $1.30,872.95 $'161,067..83 $141,334.09 $144,295.59 $156,461.48 $182,006,14 Disbursements; 'Administrative 1,355.03 .46 $ 1,339,76 690.03 $ 4,983.03 $ 4,308.79 $ 5,521.39 2,929.00 Building maintenance 3,460. 3911.194' 3,006.52 6,1991.26 5,926.05 -8,,62:L.09 4,330.00 Capital 1, 1 0.00 .00 0.00 0 11 .00 0,00 Fire equipment5,053.020,00 1 32,334.56 1,8,669.35 12,716-61 16,451.30 9,609.95 81951.00 General & training 2,797-68 2,206.94 `6,752.22 4,248..41 7,321.40 8,348.40 3, 82 9 OQ Health &, Safety 0.,00 0.00 0.0,0 0.00 .8,694.78 &. 10,629.00 Insurance 21,076,0.0, 21,828-7.4 2.5, 264.43 2,4 83. 21,537.3.6 26r321�09 23,753:00 Loans (trucks) 15,608.66 38,767.92 41 ,j472.86 46 ,553,37 45,801.40 4:0,'150.22 52,996.00 Loans (building) 23,553.100 21, 273 .064 J8,062-00: 16,170,80 15,907-56� '18, 4,32.S6 19,200.00 Rescue 8,098. 5183,8,64 6,124.86 8,841.91 3,952.13 6,198.00 Truck Maintenance .4,450.120 12,632 .35. 6,765.94 6,882..37 9,994. 1 67 6;428..63 6,429,00 Transfer,.Truck Replacement .1.3,750.00 8,000.00 8,000.00 12,000.00 38;000:,00 8,0001.00 Utilities 94. 6,908.1.4 7,53,0.+05 8,371.04' 04++: 8 Soo od Total Disbursements $130,594.84 Excess receipts (disbursements) $ 278-08 Capital Account $164,517.79 $14,1,430.73 $144,295.59 $156,461.48 $182,006.14 $155,7,44.00 ($3,449.96) $ (96.04) $ . 0.00 $ 0.00 $ 0.00 Cash, beginning $13, 392 .56 $27,675.58 $37,113.91 $12,352.64 $20,624.64 $22, 754 Receipt, tc)wrl COjjLrEj(-,L 13o750.00 8,000.00 8,000.00 9,000.00 8,000.00 .42 8,000.00 R(-,,(,eipt, horn Pii.eniejils Acct 0,00 0.00 1.2, 500, 00 0 .00 4,000 . 00 30, 000 RC-(.-Elipt, 6-00. 1,511.67 900.52 33:3.70 263.57 .00 559.10 67.12 73.34 016, 1,61.79 (1 -1. . V 0 10,133.79 30, '739 .26 "RESCUE N F R V ICE CODE 4 5462 ROY BARRIERE 063522 EMT -D DENNY HUBBELL 140600 EMT -D ? GREG KIRCHGESSNER 006857 EMT 1/31/98? GEORGE LAUE 218719 EMT:D ? ROGER LAUE 107147 EMT JOHN MAINVILLE 172404 EMT -D ? ORVILLE MAY 063544 EMT JUDY NENO 181869 EMT -D _ "6/99 RICH NENO 181870 EMT -D 6/99 MARTY SCHREIBER 107156 EMT 1/31/989. GREG STEVENSON 107159 EMT 1/31/98 GREG STILWELL 140611. ` EMT -D 6/99 LARRY STILWELL 050691 EMT 1/31/98.9 RON SWITZER 218728 EMT -I) 3/3/99 JIM WHITTAKER 1,07163 EMT ' 1/31/98? RAY HUBBARD 161302 CFR expired:? ROGER LAUPER 161303 CFRI expired? JOHN MOLIVIATIS 181867 CFR expired? GEORGE PALMER - 140596 CFR expired? TANYA SNYDER 140609 CFR -D= : < . 6/99 WAYNE SNYDER 140610 CFR -D 6/99 LARRY SAULSGIVER 140607 CFR JEFFERY VANETTEN 161311 CFR expired? - this. � t. Last updated 14:49 7/30/96.. Please note corrections on docw e n Enfield Volunteer- Enfield Volunteer Fire Company, Inc. Fire Co., Inc. 1948 Memorandum TO: Town of Enfield Board Members FROM: Roy Barriere, Treasurer RE: Loan clarification DATE: April 24, 1996 172 Enfield Main Rd. Ithaca, New York 14850 (607) 272-8757 Due to apparent confusion regarding the recent loan applications submitted by the fire company, we feel it would be beneficial to list the events as they transpired to clarify any misinterpretation of intent. Keep in mind as you are reading this, there are two separate funding agencies, M&T Bank -for the truck loan and NY State for both the truck purchase and the building addition. May, 1995: Started the application process through local banks (Fleet Bank and M&T Bank) for the new replacement truck. These banks had the lowest interest rates at the time of application. June, 1995: Loan approved by both banks. Fire Company Board of Directors decided to go with M&T Bank due to 1.0% less interest and because it -was a fixed loan. Aug, 1995: Then Town Supervisor Jean Owens approached the fire company with information regarding the availability of NY State funding for fire departments for various capital expenditures (copy of newsletter enclosed), with interest rates of no more than 2.50. The fire company pursued the information provided by the Supervisor by contacting officials in Albany. Oct, 1995: The fire company received the state loan application from Albany. The application was submitted shortly thereafter with the understanding, if approved, the money could be applied towards funds borrowed from M&T Bank. The application was submitted for funds for both the addition and the replacement vehicle. Dec, 1995: The fire company received the state loan application back from Albany with an explanation that since the fire company was not a fire district, the application must be Submitted by the municipality. The completed loan application was then taken to the new Town Supervisor, Bill Mather, who took it to review prior to acting on it. Also, during this time, the fire company was notified by M&T Bank officials that before closing on the truck loan, the fire company needed to provide proof of a public hearing for the purchase of the truck. This is an IRS requirement for this low interest loan through M&T Bank. Jan, 1996: The Town Board held the public hearing for the purchase of the new truck. It was approved; therefore, the fire company was able to close on the loan with M&T Bank. As per the NY State guidelines and application instructions, the fire company is eligible to apply for up to 50% of the cost for the purchase of firefighting apparatus and up to 500 of the cost of construction related to firefighting. Therefore the fire company was eligible to apply for a total amount of $109,000 ($94,000 for the truck and $15,000 for the building addition). If approved by the state, as stated above, the money shall be applied towards the principal amount borrowed from M&T Bank; therefore, substantially reducing interest payments over the 10 year period, which would amount to approximately a $20,000 savings. Please file this with the Town Board general meeting minutes. Thank you. m CLaS CHRONICIE. News from the county and Supervisors Assocladon of New York- State -. Fall, 1994'..% 90 Stat.e $t.j-Suite 1440, Albany, NY 12,207 -- (518) 465-1513 INSIDE: CLASresents Town & Count Concerns On Canal,R E&A ReportShows... On August 24, 1994, the New York State Canal Commission invited 1 in 5 NYS Real Cl aS to participate .in a meeting to solicit pur input relative to formulat- Property Parcels ing the Canal Recreationway Plan: are Tax Exempt In 1992, responsibility for the New York State Canal System was transferred from the Department of1"ransportation to, the -New York State Thruway Authority, resulting in the establishment of the Canal Court Decisions Recreationway Commission and the New York StateCanal Commission. Effecting Composed of representatives from State and local government as well as Local Government private citizens, the Canal Commission is charged Oith.determining the future of the canal system. In his mandate to the Commission, the Governor requested that the Legislative Update-- ` may, "be sensitive and responsive to the needs of the pe©ple the com- Federal, State munites bordering the canal system" Under its own uutiative, the Comm and Local mission has expanded upon this mandate and is undertaking efforts ,to. "grass encourage roots-" participation in developing the Recreationway Plan. RPTCAP Provides Such efforts include involving local elected, leaders arida wide range Rural Counties of citizens from the 25 counties contiguous to 'the canal: Participation will include representatives' of the 8 regional planning agencies, 4 major Assistance in cities, 11 smaller cities and more than 50 towns, villages and hamlets Public Transportation located along the 524 miles span of the Systn In reviewing materials forwarded by the Commission prior to -the Social Security August 24th meeting, CI,aS learned that preliminary efforts have been designed to, meet the heeds of all Administration Independence Act The 2s counties contiguous to the Canal Recreationway include: tdbany,Cayuga, and Clinton, Cortland, Erie, .Genesee, Herkimer, Jefferson, Monroe, Montgomery, Niagara, CLAS Mail Oneida, Onondaga, Ontario, Orleans, Oswego, Otsego, Rensselaer, Saratoga, Schenectady, .Seneca, Tompldns,- ,. Warren, Washington, and Wayne` confinued.on:page 3 ER rN Legislative Update continued from page four Stag marketplace presents the best savings opportunity, re- gardless of issuance date or interest payment, and at the- heLocal LocalFinance Legislation to Provide prevailing interest rates. This law will provide munici- SaVings for Municipalities palities with the flexibility needed to call bonds for ef- fective financial management. Chapter 258—Repayment and Chapter 201—An Alternative to the`501W Rule Issuance of Debt Reforms This significant new law will provide added flex - Chapter 258 of the Laws of 1994 includes the fol- ibility to allow municipalities to structure4heir debt and lowing provisions regarding the manner in which local market their obligations more effectively. ' This new law governments and school districts repay and issue debt: is primarily intended to implement the constitutional amendment sponsored by Mr. Produtn, which was ap- Authorization for Zero Coupon Debt proved bythe voters as Proposition Number One in No - In zero coupon debt, all the investor's returns occur vember of 1993. The Constitutional Amendment now at maturity. The small initial investment makes them authorizes local governments to repay their debt on. a attractive to investors as long-term savings vehicles, and level or declining debt service basis: useful to local governments because it often results in Level debt service will allow local governments to lower interest costs. Several municipalities that have repay long-term debt in equal installments; in much the issued zero coupon debt since it was authorized in.1991 same way homeowners pay their mortgages. This is an have reported savings as a"result. Chapter 258 makes alternative to the "50% rule," which currently requires that authorization permanent. large payments in the early years after bond' are issued: It is anticipated that the new law will provide much Extension of First Installment Paymentneeded relief. Prior to the enactment of Chapter 4I3 of the Laws of 1991, the Local Finance Law mandated that the first Finally. Funding for Fire ... installment for serial bonds issued by localities was due arta Ambulance De- partments 18 months after issuance. In some cases, the original 18 -month first installment due date required a locality Volunteer and career fire and ambulance depart - to make debt service payments on bonds before suffi- ' ments provide an invaluable service, saving lives and cient income from revenue producing projects could be property every day of the year., Unfortunately, there realized. This situation may cause cash flow problems -have been insufficient funds to provide fortheneces- for local governments. In order to allow localities to nary purchase, upgrading or repair of essential; equip - avoid those problems, Chapter 413 extended the .18< ment. month "window" for payment of the first installment to Federal mandates by the Occupational Safety and two years. Chapter 258 makes the two-year first in- Health Administration (OSHA) require the purchase of stallment payment permanent: expensive protective gear for firefighters. Many volun- teer fire districts are now being cited for noncompliance Permanent Elimination of 5% Down Payment _.. with OSHA standards for protective clothing and equip - Chapter 258 permanently eliminate the requirement anent, volunteer services need immediate dollars: for a 5 % down payment that used to be- required ofmost Chapter 599 of 1994 willprovide low- cOst :loans municipalities as a precondition for most borrowing. The from the Department of State to counties, townscities, State, New York City, school districts and public au= villages and fire districts for their paid and volunteer thorities had been exempt from this requirement. Ex- fire companies. tending the down payment exemption to all municipali- " The bill provides that the Secretary of State, on the ties will permanently remove an inequity in the Clown recommendation ofthe Emergency Services Loan Board, payment requirements. may make loans in the following order of preference. 1. Up to $150,000 or 5O% of the cost for the purm Authority to Call Bonds at chase of firefighting apparatus. Any Date Prior to Maturity 2. Up to $100,000 or 50% of the cost for the pur- Chapter 258 makes permanent the authority of lo- chase of ambulance or rescue vehicles. calities to call bonds on any date prior to maturity. Is- 3. Up to $50,000 for the purchase of protective or suers of debt need the ability to redeem bonds when the communication equipment. 6 4. Up to $50,000 or 75 to ofthe cost of repair and real property used solely for residential purposes shall rehabilitation of equipment. be exempt from county real property tax if the increase 5.. Up to $50,000 forpurchasing accessory equip- in value is attributable to an -improvement which is con- ment. structed to facilitate and accommodate the use and ac - 6. Up to $100,000 or 50% of the cost of renovat- cessibility of such real property by (a) a resident owner ing, rehabilitating or repairing firefighting apparatus, who is physically disabled, --or (b) a:member of the ambulances or rescue vehicles. owner's household who is physically disabledas long 7. Loans of up to $200,000 will be available for as they reside on the property the construction costs associated with the establishment ` In order to receive the benefits of this law, one must of facilities that house firefighting equipment, ambu- comply with the procedures and requirements of RPTL lances, rescue vehicles and related equipment. - Sec. 459 and any other applicable laws. These loans will have an interest rate that shall not exceed two and one-half percent. 'Any loan made for Ulster County Safeguards E-911 System the acquisition or purchase of equipment or apparatus The Ulster County Legislatureenacted Local Law manufactured in New York State will receive a one per- i of 1994 `to regulate the use and application of alarm cent reduction in the interest rate. systems which communicate directly with the County's 9.1Emergency Communications Center. The action Local was taken to ,prevent the jamming and seizure of the 911, emergeney ;line. Chautauqua County Provides Tax All automatic dialing alarm systems within the Exemption for Construction t0 County are now required to be registered with the com- munications center, and they must also use an alternate Benefit Physically Disabled 7 digit number for the auto dialers. Chautauqua County enacted Local Law 1 of 1994 A $500 civil penalty will be imposed for using the (pursuant to New York Real Property and Tax Law 911 line as opposed to the alternate ntimbei. Other vio. (RPM) Sec. 459) in an effort to better serve disabled lations or non-complianee carry a fine of not less than members of the community. $500 or more than $1000and/or up to 15 days.in prison. The new law provides that an improvement to any CLaS is our SAT'ELLIT'E - OV 'r- lCE! ''� �' tF c , Chemung County Legislature }- 5peoial Reocarch Projects y Elmira, New:York 5urvey5 • e,. ,April 11, 1994. Legislative- information kb.L. Hapax CLAS txeoutiVe Director Dear Nary: PHONE: (5118)'465.,1513 FAX: (518) 465.1755 I would like to extend my thanks td. YOU and Jae Nay for providing us with ,the mailing labels and disc containing the names and addresses of the New York State Legislature. maim A copy of the Resolution relative to the State takeover of Hedicaid expenses was sent to each State representative. Again, my 51neet thanks to, you and Jae. �� Very truly yours, Theodore A. Bennett Legislator, District 110