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Home My WebLink About2015 AUDAll Numbers in This Report Have Been Rounded To The Nearest Dollar ANNUAL FINANCIAL REPORT UPDATE DOCUMENT For The TOWN of Lansing County of Tompkins For the Fiscal Year Ended 12/31/2015 AUTHORIZATION ARTICLE 3, SECTION 30 of the GENERAL MUNICPAL LAW: 1. ***Every Municipal Corporation *** shall annually make a report of its financial condition to the Comptroller. Such report shall be made by the Chief f=iscal Officer of such Municipal Corporation *** 5. All reports shall be certified by the officer making the same and shall be filed with the Comptroller *** It shall be the duty of the incumbent officer at the time such reports are required to be filed with the Comptroller to file such report *** State of NEW YORK Office of The State Comptroller Division of Local Government and School Accountability Albany, New York 12236 Page 1 TOWN OF Lansing *** FINANCIAL SECTION *** Financial Information for the following funds and account groups are included in the Annual Financial Report filed by your government for the fiscal year ended 2014 and has been used by the OSC as the basis for preparing this update document for the fiscal year ended 2015: (A) GENERAL (B) GENERAL TOWN -OUTSIDE VG (DA) HIGHWAY -TOWN -WIDE (DB) HIGHWAY -PART -TOWN (H) CAPITAL PROJECTS (K) GENERAL FIXED ASSETS (SD) DRAINAGE (SL) LIGHTING (SS) SEWER (SW) WATER (TA) AGENCY (V) DEBT SERVICE (W) GENERAL LONG-TERM DEBT All amounts included in this update document for 2014 represent data filed by your government with OSC as reviewed and adjusted where necessary. *** SUPPLEMENTAL SECTION *** The Supplemental Section includes the following sections: 1) Statement of Indebtedness 2) Schedule of Time Deposits and Investments 3) Bank Reconciliation 4) Local Government Questionnaire 5) Schedule of Employee and Retiree Benefits 6) Schedule of Energy Costs and Consumption T) Schedule of Other Post Employment Benefits (OPER) All numbers in this report will be rounded to the nearest dollar. Page 2 (A) GENERAL Balance Sheet Code Description Assets Cash Cash In Time Deposits Petty Cash TOTAL Cash Accounts Receivable TOTAL Other Receivables (net) Due From Other Funds TOTAL Due From Other Funds Prepaid Expenses TOTAL Prepaid Expenses Cash Special Reserves TOTAL Restricted Assets TOTAL Assets and Deferred Outflows of Resources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 Page 1 2014 Ed2Codo .2015 1,873,912 A200 1,715,751 9 A201 9 525 A210 525 1,874,446 1,716,285 17,994 A380 26,884 17,994 28,884 A391 0 0 -96 A480 -96 0 129,869 A.30 126,046 129,889 126,046 2,022,213 1,889,215 OSC Municipality Cade 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (A) GENERAL Balance Sheet ( ode Description Accounts Payable TOTAL Accounts Payable Overpayments & Clearing Account TOTAL Other Liabilities Due To Employees' Ret rement System TOTAL Due To Other Governments TOTAL Llabititjas Fund Balance Reserve For Excess Dog Control Revenues Reserve For Repairs TOTAL Restricted Fund Balance Assigned Appropriated Fund Balance TOTAL Assigned Fund Balance Unassigned Fund Balance TOTAL Unassigned Fund Balance TOTAL Fund Balance TOTAL Liabilities, Deferred inflows And Fund Balance —....__ 2014 Ed'Code 2015 42,153 A600 122,192 42,153 122,192 A690 0 0 85,189 A637 85,189 0 127,342 122,192 15,631 A872 13,585 129,819 A882 126,046 145,450 139,631 182,000 A914 34,000 182,000 34,000 1,567,421 A917 1,573,392 1,567,421 1,573,392 1,894,871 1,747,07.2 2,022,213 1,869,215 Page 1 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (A) GENERAL Results of Operation Code Description - - 2014 Revenues - - ---�•�.__201 Real Property Taxes TdTAL Real Property Taxes 795,319 A1001 871,823 Other Payments In Lieu of Taxes 795,319 871,823 Interest 8 Penalties On Real Prop Taxes 68,490 A1081 61 TOTAL Abal Property Tax Items 7,792 A1090 8,,866866 Franchises 76,282 70,508 TOTAL Ntir Property Tax Items 36,828 A1170 36,07336,828 Clerk Fees 36,073 Other General Departmental Income 1,699 A1255 1,5112,872 Public Pound Charges, Dog Control Fees A1289 2,718 Park And Recreational Charges 430 A1550 530300,714 Other Home & Community Services Income A2001 346,698 TOTAL Departmental Income 54,023 A2189 General Services, Inter Government 359,738 351,467 Youth Recreation Services, Other Govts 2,625 A2210 2,579 'Ii:7TAL intergovernmental Charges 16,035 A2350 12.742 Interest And Earnings 18,65915, 321 Rental, Other (specify) 3,120 A2401 2,722 Commissions 13,778 A2440 13,547 TOTAL Use of Money And Pry: party 3,190 A2450 1,906 Games of Chance 20,087 18,175 Bingo Licenses 10 A2530 10 Dog Licenses 557 A2540 508 Licenses, Other 27,636 A2544 23,914 TOTAL Licenses And Permits 550 A2545 Fines And Forfeited Sad 28,753 24,432 Fines &Pen -Dag Casey 52,803 A2610 59,034 TOTAL Fines And Forfeitures 1,700 A2611 1,890 Sales, Other 54543 60'924 Insurance Recoveries 40,628 A2655 51,511 TOTAL Sale of Property And Compensation For Loss A2680 Refunds of Prior Year's Expenditures 40,628 $1,517 Gifts And Donations 19,925 A2701 1,866 Grants From Local Governments 9,515 A2705 7,9124,769 Unclassified (specify) 20 3,6624 A2706 TOTAL Miscellaneous Local Sources 6, A2706 5,861 SE Aid, Revenue Sharing 39,084 20,448 St Aid, Mortgage Tax 27,085 A3001 27,085 St Aid -Other (specify) 209,506 209,506 A3005 270,276 St Aid, Youth Programs 200 TOTAL State Aid 888 A3820 888 237,479 298,449 TOTAL Revenues 1,707,360 1,819,081 Page 1 OSC Municipality Code 500344900000 (A)GENERAL Results of Operation Code Desc*n. Other Sources Interfund Transfers TOTAL fnterfund Transfers TOTAL Other Sources TOTAL Detail Revenues And Other Sources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 Page 2 �l z074 _ EdpCode 5,000 A5031 5,000 5,000 ?,712,380 'Zi5 a 1,819,081 OSC Munic pality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (A)GENERAL Results of Operation ,ade �escriptlon Expenditures 2014 EdpCode I 2015 Legislative Board, Pers Sery Legislative Board, Contr Expend 38,966 A10101 38,964 1,832 A10104 607 TOTAL Legislative Board Municipal Court, Pers Sery 40,798 39,571 Municipal Court, Contr Expend 109,032 A11101 108,733 13,531 A11104 10,883 TOTAL Municipal Court Supervisor,pers Sero 122,563 119,616 Supervisor,equip 8 Cap Outlay 119,895 A12201 128,769 Supervisor,contr Expend A12202 6,980 A12204 7,852 TOTAL Supervisor Auditor, Contr Expend 126,675 138,621 A13204 16,700 TOTAL Auditor Budget, Contr Expend 0 18,700 900 A13404 1,000 TOTAL Budget Fiscal Agents Fees, Contr Expend 900 1,000 90 A13804 1,222 TOTAL Fiscal Agents F94:,,, Clerk,pers Sery 90 1,222 Clerk,equlp & Cap Out ay 80,688 A14101 78,605 Clerk,contr Expend 180 A14102 9,524 A14104 12,372 TOTAL Clerk Law, Contr Expend 90,392 90,978 52,645 A14204 51,351 TOTAL Law Personnel, Pers Sery 52,843 51,351 Personnel, Contr Expend 7,850 A14301 8,050 168 Al 4304 828 TOTAL Personnel Engineer, Contr Expend 8,018 8,878 16,682 A14404 29,735 TOTAL Engineer Central Services Admin,pers Sery 16,682 29,735 Central Services Admin,equip & Cap Outlay 3,060 A16101 3,121 Central Services Admin,contr Expend 4,547 A16102 990 5,526 A16104 2,060 TOTAL Central Services Admin Buildings, Pers Sery 13,132 6,171 Buildings, Contr Expend 23,077 A16201 25,155 59,563 A16204 59,759 TOTAL Buildings Central Garage, Contr Expend 82,$41 64,914 3,111 A16404 3,051 TOTAL Central Garage Central Print & Mail,contr Expend 3,111 3,051 2,927 A16704 2,753 TOTAL Central Print & Mail Unallocated insurance, Contr Expend 2,927 2,753 37,836 A19104 40,370 TOTAL Unallocated Insurance Municipal Assn Dues, Contr Expend 37,836 40,370 2,389 A19204 4,800 TOTAL Municipal Assn Dues Judgements And Claims, Contr Expend 2,389 4,800 TOTAL Judgements And Claims A19304 6,847 0 6,847 Page 'I OSC Municipality Cade 500344900000 (A) GENERAL Results of Operation iCode Description Expenditures Pur of Land/right of Way, Contr Expend TOTAL Pur of Landfright of Way Taxes & Assess On Munic Prop, Contr Expend TOTAL Taxes & Assess On Munic Prop Other Gen Govt Support, Contr Expend TOTAL Other Gen Govt Support TOTAL General Government Support Police, Pers Sery Police, Contr Expend TOTAL Police Traffic Control, Pers Sery Traffic Control, Contr Expen TOTAL Traffic Control Control of Animals, Contr Expend TOTAL Control of Animals TOTAL Public Safety Street Admin, Pers Sery Street Admin, Contr Expend TOTAL Street Admin Garage, Pers Sent Garage, Equip & Cap Outlay Garage, Contr Expend TOTAL Garage Street Lighting, Contr Expend TOTAL Street Lighting TOTAL Transportation Programs For Aging, Contr Expend TOTAL Programs Foraging TOTAL Economic Assistance And Opportunity Recreation Admini, Pers Sery Recreation Admini, Contr Expend TOTAL Recreation Adm�ni Parks, Pers Sent Parks, Equip & Cap Outlay Parks, Contr Expend TOTAL Paries Playgr & Rec Centers, Pers Sent Playgr & Rec Centers, Equip & Cap Outlay Playgr & Rec Centers, Contr Expend TOTAL Playgr & Rec Centers Special Rec Facility, Pers Sent Special Rec Facility, Contr Expend TOTAL Special Rec Facility Youth Prog, Pers Sery TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 Page 2 2014 E F 1 A19404 0 0 992 A19504 930 992 930 A19:94 0 0 601,990 645,508 12,559 A31201 12,593 A31204 12,559 12,593 22,275 A33101 35,084 9,870 A33104 11,801 32,145 46,884 26,239 A35104 22,620 26,239 224620 70,943 82,097 105,907 A50101 109,614 3,402 A50104 1,512 109,309 111,126 6.422 A51321 8,576 2,746 A51322 31,595 A51324 33,578 40,763 42,154 3,250 A51824 3,158 3,250 3,158 '[53,32/ 156,438 9,475 A67724 9,500 9,475 9,500 9,475 9,500 135,441 A70201 138,246 3,112 A70204 2,866 138,553 141,111 40,022 A71101 44,003 34,921 A71102 41,600 33,837 A71104 40,212 108,780 125,815 5,912 A71401 7,043 25,000 A71402 35,532 10,489 A71404 11,906 41,402 54,481 9,524 A71801 9,326 323 A71804 406 9,947 9,732 24,627 A73101 23,648 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (A) GENERAL Results of Operation Code Descrlptian�Joj LEdpCode 2015 Expenditures Youth Prog, Contr Expend TOTAL Youth Prog 134,476 A73104 158,405 Joint Youth Prog, Pers Sery 159,104 182,253 Joint Youth Prog, Contr Expend 30,254 A73201 29,668 38,791 A73204 39,390 TOTAL Joint Youth Prog 69,046 Library, Pers Sery 69,058 TOTAL Library 2,386 A74101 2,183 Historian, Pers Sery 2,386 2,183 Historian, Contr Expend 5,067 A75101 5,159 TOTAL Historian 68 A75104 246 Other Performing Arts, Contr Expend 5,135 5,404 TOTAL Other Performing Arts 9,238 A75604 9,986 Adult Recreation, Pers Sery 9,238 9,986 Adult Recreation, Contr Expend 3,000 A76201 3,010 3,175 A76204 7,711 TOTAL Adult Recreation TOTAL Culture And Recreation 6,175 10,721 549,665 610,742 Planning, Pers Sery Planning, Contr Expend A80201 A80204 TOTAL Planning Conservation, Contr Expend 0 0 54,073 A87104 TOTAL Conservation Flood & Erosion Control, Pers Sery 54,023 0 Flood & Erosion Control, Contr Expend 762 A87451 105 TOTAL Flood & Erosion Control 9,987 A87454 20,000 Gen Natural Resources, Contr Expend 10,750 20,105 A87904 315 TOTAL Gen Natural Resources Cemetery, Pers Sery 0 315 Cemetery, Contr Expend 3,379 A88101 4,937 TOTAL Cemetery 63 A88104 227 TOTAL Home And Community Services 3,443 5,184 68,215 25,584 State Retirement System Social Security, Employer Cont 114,291 A90108 101,009 Worker's Compensation, Empl Bnfts 48,223 A90308 50,008 Unemployment Insurance, Empl Bnfts 41,119 A90408 43,863 Hospital & Medical (dental) Ins, Empl Bnft 5,132 A90508 4,743 Other Employee Benefits (spec) 131,646 A90608 119,432 11,278 A90898 11,695 TOTAL Employee Benefits 351,688 330,750 TOTAL Expenditures 1,805,298 1,860,619 Transfers, Other Funds A99019 103,000 TOTAL Operating Transfers 0 103,000 TOTAL Other Uses 0 103,000 TOTAL Detail Expenditures And Other Uses 1,805,298 1,963,619 Page 3 OSC Municipality Code 500344900000 (A) GENERAL Analysis of Changes in Fund Balance Mde De�;crlption Analysis of Changes In Fund Balance Fund Balance - Beginning of Year Prior Period Add -Decrease In Fund Balance Restated Fund Balance - Beg of Year ADD - RF VENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Balance - End of Year TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2014 Ed Code l 1,982,628 A8021 -5,181 A8015 1,987,810 A8022 1,712,360 1,805,298 1,894,871 A8029 2015 1,894,871 3,311 1,891,560 1,819,081 1,963,619 1,737,763 Page 1 OSC Municipal;ty Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (A) GENERAL Budget Summary Code Description 2015 Ed Cotle "01€ Estimated Revenues Est Rev - Real Properly Taxes 871,894 A1049N 1,026,356 Est Rev - Real Property Tax Items 69,142 A1099N 83,113 Est Rev - Non Property Tax Items 40,000 A1199N 40,000 Est Rev - Departmental Income 308,100 A1299N 311,400 Est Rev - Intergovernmental Charges 22,304 A2399N 26,643 Est Rev - Use of Money And Property 19,890 A2499N 18,740 Est Rev - Licenses And Permits 27,235 A2599N 27,760 Est Rev - Fines And Forfeitures 65,000 A2649N 60,000 Est Rev - Sale of Prop And Comp For Loss 29,100 A2699N 24,100 Est Rev - Miscellaneous Local Sources 12,344 A2799N 11,500 Est Rev - State Aid 227,929 A3099N 227,973 TOTAL Estimated Revenues 1,692,938 1,857,585 Appropriated Fund Balance 182,000 A'199N 34,000 TOTAL Estimated Other Sources 182,000 34,000 TOTAL Estimated Revenues And Other Sources 1,874,938 1,891,585 Page 1 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (A) GENERA!_ Budget Summary Code Description Oit E;dpCod-% 1 2O1t3 Appropriations — App - General Government Support 688,609 A1999N 698,574 App - Public Safety 85,840 A3999N 76,330 App - Transportation 166,661 A6999N 168,427 App - Economic Assistance And Opportunity 9,500 A6999N 9,500 App - Culture And Recreation 536,898 A7999N 559,125 App - Home And Community Services 28,000 A8999N 29,000 App - Employee Benefits 359,430 A9199N 350,629 TOTAL Appropriations 1,874,938 1,891,585 TOTAL Appropriations And Other Uses 1,874,938 1,891,585 Page 2 OSC Municipality Code 500344900000 (B) GENERAL TOWN -OUTSIDE VG Balance Sheet Code Description Assets Cash Petty Cash TOTAL Cash Accounts Receivable TOOttlgf Receivables (net) 'I U2 Assets and Deferred Outflows of Resources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 .`14 T EdpCodeJ� 2015�� 279,978 8200 343,621 50 B210 280,028 343,621 28,108 8380 25,201 28,108 25,201 308,136 368,821 Page 13 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (B) GENERAL TOWN -OUTSIDE VG Balance Sheet Code Description Accounts Payable TOTAL. Accounts Payable Due To Employees' Retirement System TOTAL Due To Other Governments TOTAL Liabilities Fund Balance Assigned Appropriated Fund Balance Assigned Unappropriated Fund Balance TOTAL Assigned Fund Balance TOTAL Fund Balance TOTAL Liabilities, Deferred Inflows And Fund Balance �."._ 'I F-2014 Code�� 2015 7,951 B600 19,367 7,951 49,367 13,589 B637 13,589 0 21,540 49,367 8914 286,597 B915 349,454 286,597 349,454 286,597 349,454 308,136 368,821 Page 14 OSC Municipal-ty Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (B) GENERAL TOWN -OUTSIDE VC Results of Operation Code Description _ . PC°de --- IF 201A `. _. —. X415 Revenues _ - Sales Tax (from County) 244,274 B1120 255,732 TOTAL. Non Property"Tax Items 244,274 255,732 Safety Inspection Fees 1,500 B1560 1,475 Zoning Fees 1,050 82110 700 TOTAL Departmental Income 2,550 2,175 Interest And Earnings 288 B2401 349 TOTAL Use of Money And Property 288 349 Building And Alteration Permits 73,104 B2555 64,759 Permits, Other 4,325 82590 6,290 TOTAL Licenses And F1ermits 77,429 71,049 Sales, Other 342 B2655 272 TOYAL $.pjq of Property And Curnpensmion For Loss 342 272 Refunds of Prior Year's Expenditures 865 B2701 0 TOTAL Miscal1pnepgs Lova! Sources 865 0 TOTAL Revenues 325,748 329,577 TOTAL Detail ReJAhues Apd War Sources 325,748 329,577 Page 15 OSC Municipal ty Cade 500344900000 (B) GENERAL TOWN -OUTSIDE VG Results of Operation Code Description Expenditures Safety Inspection, Pers Sery Safety Inspection, Conir Expend TOTAL Safety Inspection TOTAL Public Safety Zoning, Pars Sery Zoning, Contr Expend TOTAL zoning Planning, Pers Sery Planning, Conir Expend TOTAL Planning TOTAL Home And Community Services State Retirement, Empi Bnfts Social Security, Empl Bntts Worker's Compensation, Empl Bnfts Unemployment Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnft Other Employee Benefits (spec) TOTAL Employee Benefits TOTAL Expenditures TOTAL Detail Expenditures And Other Uses TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 Page 16 2014 Ed pCoda 20115 91,273 836201 95,877 69 B36204 91,343 95,877 91,343 95,877 880101 41,837 880104 20,530 41,837 20,530 B80201 53,455 B80204 102,065 53,455 102,065 95,292 122,595 19,589 B90108 16,547 5,604 890308 5,840 7,992 B90408 8,224 455 B90508 445 15,301 B90608 15,265 1,311 890898 1,366 50,253 47,687 236,887 266,159 236,887 266,159 OSC Municipality Code 500344900000 (B) GENERA!_ TOWN -OUTSIDE VG Analysis of Changes in Fund Balance ?Code Descript,on Analysis of Changes in Fund Balance Fund Balance - Beginning of Year Prior Period Adj -increase In Fund Balance Prior Period Adj -Decrease In Fund Balance Restated Fund Balance - Beg of Year ADD - REVENUES AND OTHLR SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Balance - End of Year TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2014 Ed Code 2015 197,736 86021 286,597 B8012 B8015 561 197,736 88022 286,036 325,748 329,577 236,887 266,159 286,597 88029 349,454 Page 17 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (B) GENERAL TOWN -OUTSIDE VG Budget Summary Code Description 2015 EdpCode 2016 Estimated Revenues Est Rev - Non Property Tax Items 248,945 B1199N 248,945 Est Rev - Departmental Income 2,400 B1299N 2,400 Est Rev - Use of Money And Property 250 B2499N 280 Est Rev - Licenses And Permits 41,150 82599N 43,300 Est Rev - Sale of Prop And Comp For Loss 125 B2699N 125 TOTAL Estimated Revenues 292,870 295,050 Appropriated Fund Balance 0 B599N 0 TOTAL Estimated Other Sources 0 TOTAL Estimated Revenues And Other Sourceq 292,870 0 295,050 Page 18 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (B) GENERAL TOWN -OUTSIDE VG Budget Summary Code Description 201 EdpCode X016 Appropriations App - Public Safety 96,190 B3999N 99,075 App - Home And Community Services 145,560 B8999N 135,880 App - Employee Benefits 51,100 B9199N 50,600 TOTAL Appropriations 297,870 285,555 Other Budgetary Purposes 8962N 9,495 TOTAL Other Uses 0 9,495 TOTAL Appropriations And Other Uses 292,870 295,050 Page 19 OSC Municipality Code 500344900000 (DA) HIGHWAY -TOWN -WIDE Balance Sheet Code Description Assets Cash TOTAL lash Accounts Receivable M: hq[,Receivables (net) pecia Reserves TOTAL Restricted Assets TOTAL Assets and Deferred Outflows of Resources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 .!014 EdpCo& 2015 479,501 DA200 485,063 479,501 485,063 1,480 DA380 1,789 1,480 1,789 5 DA230 5 5 5 480,985 486,858 Page 20 O5C Mun!cipal ty Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (DA) HIGHWAY -TOWN -WIDE Balance Sheet Cada DescdpUon Accounts Payable TOTAL Accounts Payable Due To Employees' Retirement System TOTAL Due To Other Governments TOTAL Liabilities Fund Balance Capital Reserve TOTAL Restricted Fund Balance - Assigned Unappropriated Fund Balance TOTAL Assigned Fund Balance TOTAL Fund Balance TOTAL Liabilities, Deferred Inflows And Fund Balance — 2014 gads ��2015 15,640 DA600 75,268 15,$40 75,268 72,110 DA637 72,110 0 87,750 75,268 5 DA878 -7 5 -7 393,230 DA915 411,598 393,230 411,598 393,235 411,590 480,885 486,658 Page 21 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (DA) HIGHWAY -TOWN -WIDE Results of Operation =. ,jde Descgpllon — — — - 2014 Ed de 2015 Revenues — Real Property Taxes 910,980 DA1001 858,527 TOTAL Real Property Taxes 910,980 858,527 Other Payments In Lieu of Taxes 78,452 DA1081 60,712 TOTAL Real Property Tax Items 78,452 60,712 Transportation Services, Other Govls 68,738 DA2300 Snow Removal Services -Other Govis DA2302 95,313 TOTAL- Interg4Y9TykMpMAl Charges 68,738 95,313 Interest And Earnings 1,024 DA2401 896 Rental of Equipment 68,738 DA2414 95,313 TOT431gp of Money And Property 69,763 96,208 Sales of Scrap & Excess Materials 5,906 DA2650 39,881 'iDTAL Shle of Property And Compensation For toss 5,906 39,889 Unclassified (specify) 16,445 DA27-70 10,567 TOTAL Miscellaneupp Local Sources 16,445 i0,567 TOTAL Revenues 1,150,284 1,161,208 Interfund Transfers DA5031 203,000 TOTAL Interfund 'i'ransfers 0 203,000 TOTAL Other Sources 0 203,000 TOTAL Detail Revenues And Other Sources 1,950,294 1,384,208 Page 22 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (DA) HIGHWAY -TOWN -WIDE Results of Operation Cade DescriptionD4` _ t dpCode 215 Expenditures Judgements And Claims, Conir Expend DA19304 6,325 TOTAL Judgements And Claims 0 6,325 TOTAL {general Government Support 0 6,325 Machinery, Pers Sery 103,473 DA51301 118,802 Machinery, Equip & Cap Outlay 61,797 DA51302 203,026 Machinery, Contr Expend 157,782 DA51304 176,773 TOTAL Machlnery 323,052 498,802 Brush And Weeds, Pers Sery 61,007 DA51401 61,555 Brush And Weeds, Contr Expend 10,000 DA51404 15,378 TOTAL Brush And Weeds 71,007 78,933 Snow Removal, Pers Sery 174,247 DA51421 176,851 Snow Removal, Conir Expend 144,148 DA51424 119,510 TOTAL Snow Removal 318,393 296,361 Services Other Govts, Pers Sery 68,284 DA51481 93,369 Services Other Govis, Conir Expend 68,738 DA51484 95,313 TOTAL Services Other Govts 137,022 188,682 TOTAL Transportation 849,476 1,060,578 State Retirement, Empi Bnfts 95,446 DA90108 87,379 Social Security, Empi Bnfts 24,857 DA90308 27,226 Worker's Compensation, Empi Bnfts 19,448 DA90408 20,104 Unemployment Insurance, Empi Bnfts 2,909 DA90508 2,948 Hospital & Medical (dental) Ins, Empi Bnft 129,241 DA90608 133,536 Other Employee Benefits (spec) 5,813 DA90898 6,367 TOTAL Employee Benefits 277,715 277,580 TOTAL Expenditures 1,127,191 1,344,463 TOTAL Detail Expenditures And Other Uses 1,127,191 1,344,463 Page 23 OSC Municipality Cade 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (DA) HIGHWAY -TOWN -WIDE Analysis of Changes in Fund Balance Code De crii7t on 14 IL Ed ds 1 20118 Analysis of Changes In Fund Balance Fund Balance - Beginning of Year 370,142 DA3021 393,235 Prior Periad Adj -Decrease In Fund Balance DA8015 1,390 Restated Fund Balance - Beg of Year 370,142 DA8022 391,845 ADD - REVENUES AND OTHER SOURCES 1,150,284 1,364,208 DEDUCT - EXPENDITURES AND OTHER USES 1,127,191 1,344,463 Fund Balance - End of Year 393,235 DA8029 411,590 Page 24 OSC Municipality Code 500344900000 (DA) HIGHWAY -TOWN -WIDE Budget Summary Code Description Estimated Revenues Est Rev - Real Property Taxes Est Rev - Real Property Tax Items EsT. ReV. - intergovernmental Charges Est Rev - Use of Money And Property Est Rev - Sale of Prop And Comp For Loss Est Rev - Miscellaneous Local Sources 1VrAL Estimated Revenues Appropriated Fund Balance TOTAL Estimated Other Sour�.w, TOTAL Estimated Revenues And Other Sources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2016 Ed Code C! 2016 858,597 DA1049N 806,803 60,712 DA1099N 57,627 95,312 DA2399N 100,364 96,313 DA2499N 101,334 20,000 DA2699N 89,000 13,500 DA2799N 13,000 1,144,434 1,168,128 DA599N 250,000 0 250,000 1,144,434 1,418,128 Page 25 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year End ng 2015 (DA) HIGHWAY -TOWN -WIDE Budget Summary Code Description 2015 ! EdpCode 2016 Appropriations App - Transportation 844,459 DA5999N 1,127,440 App - Employee Benefits 299,975 DA9199N zsasaa TOTAL Appropriations 1,144,434 1,418,128 TOTAL. Appropriations And Other Uses 1,144,434 1,418,126 Page 26 OSC Municipal ty Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (1313) HIGHWAY -PART -TOWN Balance Sheet Code Description - — - - -- -�` 2014 `EdCade 2018yj Assets Cash 641,611 DB200 723.272 TOTAL Cash 641,611 723,272 Accounts Receivable 137,233 DB380 114,803 TOTAL Other Receivables (net) 137,233 114,803 TOTAL Assets and Deferred Outflows of Resources 778,844 838,078 Page 27 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (DB) HIGHWAY -PART -TOWN Balance Sheet Code Description _ _-- �� ',[ 2014 ] ..'Ed Cod . X015 Accounts Payable —=- 19,621 D8600 -- 72,190 OTAL APCCunts Hyable 19,629 72,190 Due To Employees' Ret€r{-meet System 58,999 DB637 TOTAL Due To Other Governments 5$999 0 TOTAL Liabilities 78,620 72,190 Fund Balance Assigned Appropriated Fund Balance DB914 Assigned Unappropriated Fund Balance 700,224 OB915 765,885 TOTAL Assigned Fund Balance 700,224 765,885 TOTAL Fund Balance 700,224 765,885 TQTPL Liabilities, Deferred Inflows And Fund Dajance 778,844 838,075 Page 28 OSC Municipality Code 500344900000 (DB) HIGHWAY -PART -TOWN Results of Operation Code DescriptIon Revenues Sales Tax (from County) TOTAL Non Property Tax Items Interest And Earnings TOTAL Use of Motley And Property Unclassified (specify) TOTAL Miscellaneous Local Sources St Aid, Consolidated Highway Aid 1 UTAL ;state Aid TOTAL Revenues TOTAL Detail Revenues And Other Sources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2094 Ed Code 2015 1,207,839 DB1120 1,165,001 1,207,839 1,185,001 884 DB2401 716 884 716 400 DB2770 625 400 625 223,261 D83501 229,176 223,261 229,176 1,432,383 1,395,518 1,432,383 1,395,518 Page 29 OSC Munic-pality Cade 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (DB) HIGHWAY -PART -TOWN Results of Operation Code Description _X14 rEdpCode 2015 Expenditures Maint of Streets, Pers Sery 261,781 DB51101 254,300 Main! of Streets, Contr Expend 568,584 DB51104 352,381 TOTAL Malnt of Streets 830,365 606,880 Improvements, Pers Sery 73,008 DB51121 76,234 Perm Improve Highway, Contr Expend 320,000 DB51124 350,000 TOTAL Perm Improve Highway 393,008 426,234 TOTAL Transportation 1,223,373 1,032,915 Stale Retirement, Empl Bnfts 78,106 DB90108 72,956 Social Security, Empl Bnfts 20,443 DB90308 19,922 Worker's Compensation, Empl Bnfts 11,455 D890408 11,880 Unemployment Insurance, Empl Bnfts 42 DB90508 Hospital & Medical (dental) Ins, Empl Bnft 105,521 D890608 86,524 Other Employee Benefits (spec) 4,781 DB90898 4,659 TOTAL Employee Benefits 220,349 195-941 TOTAL Expenditures 1,443,722 1,228,856 Transfers, Other Funds DB99019 100,000 TOTAL Operating Transfers TOTAL Other Uses TOTAL Detail Expenditures And Other Uses 0 0 1,443,722 100,000 100,000 1,328,836 Page 30 OSC Municipality Code 500344900000 (DB) HIGHWAY -PART -TOWN Analysis of Changes in Fund Balance Code D. scdphon Analysis of Changes In Fund Balance Fund Balance - Beginning of Year Prior Period Adj -Decrease In Fund Balance Restated Fund Balance - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Balance - End of Year TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2014 Ed Code 2015 711,583 DB0021 700,224 D88015 1,001 719,563 DB8022 699,223 1,432,383 1,395,518 1,443,722 1,328,856 700,224 DB8029 765,885 Page 31 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (DB) HIGHWAY -PART -TOWN Budget Summary Code Description 2015 Ed ode 2014 Estimated Revenues Est Rev - Non Property Tax Items 1,111,484 DB1199N 1,111,484 Est Rev - Use of Money And Property 950 D82499N 800 Est Rev - Miscellaneous Local Sources 200 DB2799N 200 Est Rev - Stale Aid 199,961 DB3099N 200,052 TOTAL Estimated Revenues 1,392,595 1,312,536 Appropriated Fund Balance 0 DB599N TOTAL Estimated Other Source.:: 0 TOTAL Estimated Revenue. And Other Sources 1,312,595 0 1,312,536 Page 32 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (DB) HIGHWAY -PART -TOWN Budget Summary s .ode Description 2015 Appropriations App - Transportation 1,033,520 App - Employee Benefits 229,075 TOTAL Appropriation;. 1,252,595 Other Budgetary Purposes 50,000 TOTAL Other Uses 50,000 TOTAL Appropriations And Other Uses 1,312,595 Ed de 2016 D85999N OB9199N DB962N 1,056,674 217,336 1,274,010 38,526 38,526 1,312,536 Page 33 OSC Municipality Code 500344900000 (H) CAPITAL PROJECTS Balance Sheet Code Description Assets Cash TOTAL Cash TOTAL Assets and Deferred Outflows of Resources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2014 Ed Code _ 2015 H2O0 1,197,248 0 1,197,248 0 1,997,248 Page 34 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (H) CAPITAL PROJECTS Balance Sheet Code Description Accounts Payable TOTAL Accounts Payable Bond Anticipation Notes Payable TOTAL Notes Payable TOTAL Liabilities Fund Balance Assigned Unappropriated Fund Balance TOTAL Assigned Fund Balance Unassigned Fund Balance TOTAL Unassigned Fund Balance TOTAL Fund Balance TOTAL Liabilities, Defarred Inflows And Fund Balance 2014 EdjlCqdEj 2015 H600 4,363 0 4;363 H626 2,006,500 0 2,006,500 0 2,010,863 H915 0 0 H917 -813,616 0 -813,618 0 -813,616 0 1,197,248 Page 35 OSC Municipality Code 500344900000 (H) CAPITAL PROJECTS Results of Operation rode Description Revenues Premium & Accrued Interest On Obligations TPTAL IMllscg))anecus Local sources TOT4,� Revepues Inlerfund Transfers IOTAL Interfund Transiens Bond Anticipation Notes TOTAL Proceeds of Obligations TOTAL. Other Source. 'TOTAL Detail Revenu:,-� And Other Sources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 11 2014 Ed"Code1 2015 H2710 16,634 0 18,634 0 16,834 H5031 0 0 H5730 0 0 0 0 0 16,634 Page 36 OSC Municipality Cade 500344900000 (H) CAPITAL PROJECTS Results of Operation ,rode Description Expenditures Water Capital Projects, Equip & Cap Outlay TOTAL Water Capital Projects TOTAL Home And Community Services TOTAL Expenditures Transfers, Other Funds TOTAL Operating Transfers TOTAL Other Uses TOTAL Detail Expenditures And Other Uses TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 20#4 Ed Code [ ' 2015 H83972 501,654 0 501,654 0 501,654 0 501,654 5,000 H99019 328,595 5,000 328,595 5,000 328,595 5,000 830,250 Page 37 OSC Municipality Code 500344900000 (H) CAPITAL PROJECTS Analysis of Changes In Fund Balance bode Descrlption Analysis of Changes In Fund Balance Fund Balance - Beginning of Year Restated Fund Balance - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Balance - End of Year TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 '1 2014 11 Edpcoft-lllmlsl 5,000 H8021 5,000 H8022 16,$34 5,000 830,250 H8029 -813,816 Page 38 OSC Municipality Code 500344900000 (SD) DRAINAGE Balance Sheet odaiDescrilO n Assets Cash TOTAL Cash TOTAL Assets and Deferred Outflows of Resources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 Page 41 2014 - E*Cb 7E 2015 22,671 SD200 22,681 22,671 22,671 22,681 22,881 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (SD) DRAINAGE Balance Sheet C -ode Description Fund Balance Assigned Unappropriated Fund Balance TOTAL Assigned Fund Balance TOTAL Fund Balance TOTAL Liabllltles, Deferred Inflows And Fund Balance .�.. — —._;� __ 2014 --�[- Ed •: - 2815 22,571 SD915 22,681 22,871 22,881 22,871 22,681 22,871 22,881 Page 42 OSC Municipal ty Code 500344900000 (SD) DRAINAGE Results of Operation XCode Description T" Revenues Special Assessments TOTAL Real Property taxes Interest And Eamings TOTAL. Use of Money And Property TOTAL Reyenues TOTAL UetaEi fievenuesAnd Other Sources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2014 Ed -e; 2015 1,340 SD1030 1,340 0 14 SD2401 10 14 10 1,354 10 1,354 10 Page 43 OSC Municipal ty Code 500344900000 Results of Operation Code Description TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 Page 44 nu� E d9 L�v"S _. 1 (SD) DRAINAGE Analysis of Changes in Fund Balance Cade Des 06on Analysis of Changes in Fund Balance Fund Balance - Beginning of Year Restated Fund Balance - Beg of Year ADD - REVENUES AND OTHER SOURCES Fund Balance - End of Year TOWN OF Lansing Annu,31 Update Document For the Fiscal Year Ending 2015 Page 45 2014 II ECIP00 a 2015 21,317 SD8021 22,889 21,317 SD8022 2.2,669 1,354 10 22,669 SD8029 22,679 OSC Municipality Code 500344900000 (SL) LIGMTiNG Balance Sheet Code Descdpban Assets Cash TOTAL Cash TOTAL Assets and Deferred Outflows of Resources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 Page 46 2014 EdpCode 201, 4,372 5L200 6,480 4,372 8,480 4,372 8,480 OSC Municipality Cade 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (SL) LIGHTING Balance Sheet Code Description Accounts Payable TOTAL Accounts Payable TOTAL Liabilities Fund Balance Assigned Unappropriated Fund Balance TOTAL Assigned Fund Balance TOTAL Fund Balance TOTAL Liabilities, Deferred Inflows And Fund Balanco .L--_ _2014 �� Edpl,ode 2015 1,456 SL600 1,430 1,456 1,430 1,456 1,430 2,916 SL915 5,051 2,916 5,051 2,916 5,051 4,372 6,480 Page 47 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (SL) LIGHTING Results of Operation Code Descd�Uon ,_ T 20145 Revenues Real Property Taxes Special Assessments TOTAL Real Property Taxea TOTAL Revenues TOTAL Detail Revenues And Other Sourc�n SL1001 18,400 SL1030 18,300 18,400 18,300 18,400 18,300 18,400 18,300 Page 48 OSC Municipality Code 500344900000 (SL) LIGHTING Results of Operation Code Description Expenditures Street Lighting, Contr Expend TOTAL Street Lighting Yb T'AL ' l t''dndp6ftat i o n TOTAL Expenditures TQr,AL Detail E)(D)ndttyfea qpd Other Vses TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2014 t EdpCode 2015 17,378 SL51824 16,165 17,378 16,166 17,378 16,166 17,378 16,166 17,378 16,166 Page 49 OSC Municipality Code 500344900000 (SL) LIGHTING Analysis of Changes to Fund Balance code DestApIlon Analysis of Changes In Fund Balance Fund Balance - Beginning of Year Restated Fund Balance - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUC- - EXPENDITURES AND OTHER USES Fund Balance - End of Year TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 Page 50 7014 Ed ode 2015 1,895 SL8021 2,916 1,895 SL8022 2,916 18,400 18,300 17,378 16,166 2,916 SL8029 51051 OSC Municipal ty Code 500344900000 (SS) SEWER Balance Sheet ,ode Description Assets Cash TOTAL Cash Sewer Rents Receivable TOTAL Other Receivables (riot) Due From Other Funds TOTAL Due From Other Funds TOTAL Assets and Deferfpd Oytgpyys of Resources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2014 Fd pCode 2015 185,276 SS200 221,511 185,276 271,511 924 SS360 7,586 924 7,588 210 SS391 7,076 210 7,075 186,411 236,173 Page 51 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (SS) SEWER Balance Sheet !wade Des-Cvon _ Accounts Payable TOTAL Accountl Payable TOTAL Ltgbjllties Fund Balance Committed Fund Balance TOTAL Committed Fund Balance Assigned Unappropriated Fund Balance TOTAL Assigned Fund Balance TOTAL Fund Balance T?T* k1kj)JUMS, Offorred Inflows Arid Fund Balance 207 SS600 198 207 198 207 198 SS913 0 0 186,204 S8915 235,976 186,204 235,976 186,204 235,976 186,411 236,173 Page 52 OSC Municipality Code 500344900000 (SS) SEWER Results of Operation Code Descri�llon Revenues Special Assessments TOTAL Real Property Taxes Sewer Rents Interest & Penalties On Sewer Accts TOTAL Departmental Income Interest And Earnings TOTAL Use of Money And Property Permits, Other TOTAL Licenses And Permits Unclassified (specify) TOTAL Miscellaneous Local Sources TOTAL Revenues TOTAL Detail Revenues And Other Sources TOWN OF Lansing Annual Update Document For the Fi cal Year Ending 2015 -T -1 2i1td Ed a 201b _� 15,037 SS1030 2,202 15,037 22,202 59,998 SS2120 76,144 589 SS2128 1,906 60,588 78,049 154 SS2401 159 134 1S9 31,500 SS2590 18,000 31,500 18,000 SS2770 0 a 107,278 118,411 107,278 118,411 Page 53 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (SS) SEWER Results of Operation Code Description 2014 I Ed Cade 2015 Expenditures _ --J Taxes & Assess On Munic Prop, Contr Expend SS19504 67 TOTAL Taxes & Assess On Munic Prop 0 67 TOTAL General Government Support 0 67 Sewer Administration, Contr Expend SS81104 TOTAL Sewer Administration 0 0 Sanitary Sewers, Pers Sery 12,014 SS81201 6,928 Sanitary Sewers, Equip & Cap outlay SS81202 Sanitary Sewers, Contr Expend 10,794 SS81204 5,326 TOTAL Sanitary Sewers 22,806 12,255 Sewage Treat Disp, Contr Expend 34,517 SS81304 38,580 TOTAL Sewage Treat Disp 34,517 38,580 Misc. Home & Comm Serv, Contr Expend SS69894 TOTAL Misc Home & Comm Sery 0 0 TOTAL Home And Community Services 57,328 50,835 Social Security, Empl Bnfts 727 SS90308 419 Unemployment Insurance, Empl Bnfts 30 SS90508 21 Other Employee Benefits (spec) 170 SS90898 98 TOTAL Employee Benefits 928 538 Debt Principal, Bond Anticipation Notes 10,000 SS97306 12,000 TOTAL Debt Principal 10,000 12,000 Debt Interest, Bond Anticipation Notes 5,036 SS97307 4,720 TOTAL Debt Interest 5,036 4,720 TOTAL Expenditures 73,290 88,160 TOTAL Detail Expenditures And Other Uses 73,290 68,160 Page 54 OSC Municipality Code 500344900000 (SS) SEWER Analysis of Changes in Fund Balance )Oode Descgption Analysis of Changes in Fund Balance Fund Balance - Beginning of Year Prior Period Adj -Decrease In Fund Balance Restated Fund Balance - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Balance - End of Year TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 14 E 1pQbde__ . 1 pj 152,216 SS8021 186,204 SS8015 479 1 `.'2,216 SS8022 185,725 107,278 116,411 73,: 90 68,160 186,204 SS8029 235,976 Page 55 OSC Municipality Code 500344900000 (SS) SEWER Budget Summary Code Descril.tlon Estimated Revenues Est Rev - Real Property Taxes Est Rev - Departmental Income Est Rev - Use of Money And Properly Est Rev -Miscellaneous Local Sources TOTAL Estimated Revenues TOTAL Estimated Revenues And Other Sources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 x.015 Ed Co L _ 2018 16,720 SS1049N 23,500 66,783 SS1299N 60,414 160 SS2499N 150 30,000 SS2799N 10,000 113,663 94,064 113,663 94,064 Page 56 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (SS) SEWER Budget Summary Cade Descr[atian 01. Ed CA, 2116 Appropriations — App - General Government Support 27,673 SS1999N 11,536 App - Nome And Community Services 67,705 SS8999N 63,203 App -Employee Benefits 1,565 SS9199N 1,180 App - Debt Service 16,720 SS9899N 18,145 TOTAL Appropriations 113,663 94,064 TOTAL Appropriations And Other Uses 113,663 94,0134 Page 57 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (SW) WATER Balance Sheet Lode Description — — — Assets Cash Petty Cash TOTAL Cash Water Rents Receivable TOTAL Other Receivables (net) TOTAL Assets and Deferred Outflows of Resources ' 2014 EdpCode II 2015 833,947 SW200 1,444,015 75 SW210 75 $34,022 1,444,090 44,216 SW350 30,671 44,216 30,871 878,238 1,474,762 Page 58 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (SW) WATER Balance Sheet Code Description Accounts Payable 014 r—� Fdp a 2015 TOTAL Accounts Payable 16,446 SW600 10,367 Due To Other Funds 18,448 10,367 TOTAL Due To Other Funds 210 SW630 7,076210 Due To Employees' Retirement System 7,0713 TOTAL Due To Other Governments 2,703 SW637 TOTAL Liabilities 2,703 p 19,359 17,443 Fund Balance Assigned Unappropriated Fund Balance TOTAL Assigned Fund Balance 858,879 SW915 1,457,319 TOTAL Fund Balance 858,879 1,457,319 858,879 1,457,319 TOTAL Liabilities, Deterred Inflows And Fund Balance 878,238 1,474,762 Page 59 OSC Municipality Code 500344900000 (SW) WATER Results of Operation ade Descri an Revenues Special Assessments TOTAL Real Property Taxes Metered Water Sales Water Service Charges Interest & Penalties On Water Rents TOTAL Departmental Income Interest And Earnings TOTAL Use of Monsyr And Property Unclassified (specify) TOTAL Miscellaneous Local Sources TOTAL Revenues Interfund Transfers TOTAL Interfund Transfers Bond Anticipation Notrs TOTAL Proceeds of Obligations TOTAL Other Sources TOTAL Detail Revenues And Other Sources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 --- ....... .......... –---..... — - - .......... -- --- r - 14 Ed�Code� 2015 586,118 SW1030 585,381 586,118 585,381 688,671 SW2140 757,277 6,089 SW2144 6,654 12,182 SW2148 14,487 706,941 778,418 1,577 SW2401 1,555 1,577 1,555 SW2770 1,050 0 1,050 1.294,638 1,366,404 SW5031 328,595 0 328,595 SW5730 0 0 0 328,595 1,294,636 1,694,999 Page 60 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (SW) WATER Results of Operation Code Descrlptlon 2014 Ed Code 21016 Expenditures Fiscal Agents Fees, Contr Expend SW13804 TOTAL Fiscal Agents Fees 0 0 Unallocated Insurance, Contr Expend 20,000 SW19104 20,000 TOTAL Unallocated Insurance 20,000 20,000 Pur of Landlright of Way, Equip&cap Outlay 15,025 SW19402 TOTAL Pur of Landlr(ght of Way 15,025 0 Taxes & Assess On Munic Prop, Contr Expend 259 SW19504 113 TOTAL Taxes & Assess On Munlc Prop 259 113 TOTAL General Government Support 35,284 20,113 Water Administration, Pers Sery 16,084 SW83101 22,923 Water Administration, Contr Expend 181,038 SW83104 23,300 TOTAL Water Administration 197,122 46,223 Source Supply Pwr & Pump, Contr Expend 610,391 SW83204 670,691 TOTAL Source Supply Pwr & Pump 610,391 670,691 Water Trans & Distrib, Pers Sery 60,995 SW83401 28,977 Water Trans & Distrib, Contr Expend 266,317 SW83404 73,398 TOTAL Water Trans & Distrib 327,312 102,375 TOTAL Home And Community Services 1,134,825 819,289 State Retirement, Empl Bnfts 31691 SW90108 1,192 Social Security, Empl Bnfts 4,672 SW90308 3,096 Worker's Compensaf;on, Empl Bnfts 6,768 SW90408 7,311 Unemployment Insurance, Empl Bnfts 175 SW90508 152 Hospital & Medical (dental) Ins, Empl Bnft 8,217 SW90608 9,914 Other Employee Benefits (spec) 1,093 SW90898 724 TOTAL Employee Benefits 24,615 22,390 Debt Principal, Serial Bonds 202,415 SW97106 198,064 Debt Principal, Band Anticipation Notes 4,000 SW97306 4,000 TOTAL Debt Principal 206,415 202,064 Debt Interest, Serial Bonds 41,724 SW97107 30,218 Debt interest, Bond Anticipation Notes 1,543 SW97307 1,648 TOTAL Debt Interest 43,267 31,867 TOTAL Expenditures 1,444,406 1,095,723 Transfers, Other Funds SW99019 TOTAL Operating Transfers 0 0 TOTAL Other Uses 0 0 TOTAL Detail Expenditures And Other Uses 1,444,406 1,095,723 Page 61 OSC Murrcipality Code 500344900000 (SW) WATER Analysis of Changes in Fund Balance oe D, cd .,!n Analysis of Changes In Fund Balance Fund Balance - Beginning of Year Prior Period Adi -Decrease In Fund Balance Restated Fund Balance - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - LXPENDITU RES AND OTHER USES Fund Balance - End of Year TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2014 jl EdpCode II 2015 1 1,008,548 SW8021 858,879 SW8015 837 1,008,548 SW8022 858,042 1,294,6M 1,694,999 1,444,406 1,095,723 858,879 SW8029 1,457,314 Page 62 OSC. Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (SW) WATER Budget Summary [:vde Description 2015 EdpCode ; 2018 Estimated Revenues Est Rev - Real Property Taxes 585,342 SW1049N 481,859 Est Rev - Departmental Income 735,420 SW 1299N 737,500 Est Rev - Use of Money And Property 1,800 SW2499N 1,800 TOTAL Estimated Revenues 1,322,502 1,220,959 TOTAL Estimated Revenues And Other Sources 1,322,582 1,224,959 Page 63 OSC Municipality Code 500344900000 (SW) WATER Budget Summary ode Aesui Ion Appropriations App - General Government Support App - Home And Community Services App -Employee Benefits App - Debt Service TOTAL Appropriations TOTAL Appropriations And Other Uses TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2015 Ed de ; _2016 -- 120,115 SW1999N 103,500 939,761 SW8999N 948,087 25,950 SW9199N 25,520 236,736 SW9899N 143,852 1,322,562 1,220,959 1,322,562 1,220,959 Page 64 OSC Municipality Code 500344900000 (TA) AGENCY Balance Sheet Code Descriptlon Assets Cash TOTAL Cash TOTAL Assets and Deferred Outflows of Resources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2014 EdpCode 2015 1 83,228 TA200 76,287 83,228 76,287 83,228 76,287 Page 65 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (TA)AGENCY Balance Sheet Code De"tion State Retirement Group Insurance Assoc & Union Dues Social Security Tax Guaranty & Bid Deposits Deposit of Securities By Bank TOTAL Agency Liabilities TOTAL Liabilities TOTAL Liabilities, Qeferred imlows j Ind f• &d Balance 701-4 1,121 30,910 -3 1 6,668 44,531 83,228 83,228 83,228 EdpCode2015 TA18 TA20 30,888 TA24 -3 TA26 2 TA30 6,668 TA32 38,732 76,287 76,287 78,287 Page 66 OSC Municipality Code 500344900000 (V) DEBT SERVICE Balance Sheet Code Des4i,:on Assets Cash TOTAL Cash TOTAL Assets and Deferred Outflows of Resources TOWN OF Lansing Annual Update Document For the Fiscal Year End! ng 2015 �dqgij2015- 28 V200 28 28 28 28 28 Wage 67 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (V) DEBT SERVICE Balance Sheet Code Description _ 2014 Ed Code �� 2015 Fund Balance Assigned Appropriated Fund Balance 28 V914 28 TOTAL Assigned Fund Balance 28 28 Unassigned Fund Balance V917 TOTAL Unassigned Fund Balance 0 0 TOTAL Fund Balance 28 28 TOTAL Liahlllties, Deferred Inflows And Fund Balance 28 28 Page 68 OSC Municipality Code 500344900000 (V) DEB'S SERVICE Results of Operation Cade Description Revenues Interest And Earnings TOTAL Use of Money And Property TOTAL Revenues TOTAL Detail Revenues And Other Soun �„ TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 Page 69 2014 EdpCode P015 - j V2401 0 p 0 p 0 0 OSC Municipal,ty Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 Results of Operation C ode Description p Ed Colla v �Z015 Page 70 (V) DEBT SERVICE Analysis of Changes in Fund Balance ode Descriudan Analysis of Changes In Fund Balance Fund Balance - Beginning of Year Restated Fund Balance - Beg of Year ADD - REVENUES AND OTHER SOURCES Fund Balance - End of Year TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 Page 71 2014 EdpCode 2015 28 V8021 28 28 V8022 28 28 V8029 28 OSC Municipality Cade 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (W)GENERAL LONG-TERM DEBT Balance Sheet Cc, J0 Description _ 2014=1 EdPCode if 2015 N Assets Total Non -Current Govt Llablilties 1,527,362 W129 1,313,298 TOTAL Provision To Be Made In Future Budgets 1,527,362 1,313,298 TOTAL Assets and Deferred Outflows of Resources 1,527,362 1,313,298 Page 72 OSC Municipality Code 500344900000 (W) GENERAL LONGTERM DEBT Balance Sheet Cade Description Bond Anticipation Notes Payable TOTAL Notes Payable Bonds Payable TOTAL BOhtl And Long Term Liabilities TOTAL Liabilities TOTAL Liabilities TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2014 EdCod 2015 451,081 W626 435,081 451,081 435,081 1,076,281 W628 878,217 1,076,281 878,217 1,527,362 1,313,298 1,527,362 1,313,298 Page 73 OSC Municipal ty Code 500344900000 (K) GENERAL FIXED ASSETS Balance Sheet bode oescr tion Assets Land Buildings Improvements Other Than Buildings Machinery And Equipment Infrastructure Other Capital Assets TOTAL Fixed Assets (net) TOTAL Assets and Deferred Outflows of Resources TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 2014 UpCode 2015 218,253 K101 513,053 1,432,821 K102 1,432,821 262,960 K103 262,160 3,707,835 K104 3,782,272 6,853,825 K106 6,853,825 39,617 K107 39,617 12,514,511 12,883,748 12,594.571 12, 863, 748 Page 39 OSC Municipality Code 500344900000 TOWN OF Lansing Annual Update Document For the Fiscal Year Ending 2015 (K) GENERA!_ FIXED ASSETS Balance Sheet Cade Description Liabilities, Deferred Inflows And Fund Balance Total Non -Current Govt Assets TOTAL Invd5ftents In Non -Current Government Assets TOTAL, Fyng balance TOTAL 2014 LdpCode_:,_ 2015 12,514,511 K159 12,883,748 12,514,511 12,883,748 12,514,511 12,883,748 12,514,511 12,883,748 Page 40 OSC Municipality Code 500344900000 Office of the State Comptroller TOWN OF Lansing 2/17/2045 Statement of Indebtedness For the Fiscal Year Ending 2015 County of: Tompkins Municipal Code: 500344900400 First Debt Cops Comp Date of Date of Int. Amt. Odg. O/S Bey. Paid Redeemed Prior Yr. Accreted 01S End Year Code Description Flog Flog Issue Maturity Rate Var7 Issued ol Year Dur. Year Bond Proc. Adjust. interest of Year 2002 BOND E Water 82, Ext 82 Y 08/15/2002 03/15/2021 4.107. Y $70,000 $6,000 $6,000 $0 $0 $0 2002 BOND E Water 82, Ext 83 Y 08/15/2002 03/15/2021 4.10% Y $72,935 $28,000 $4,000 $0 $0 $24,000 2002 BOND E Water 812, Hd 82 Y 08/15/2002 D3/15/2021 4.107. Y $155,158 $64,000 $6,000 $0 $o W1000 2002 BOND E Water 819 Y 08/15/2002 D3/15/2021 4.10% Y $601,152 3245,000 $32,000 $0 $0 $213,000 2002 BOND E Water 418 Y 08/15/2002 03/15/2021 4.10% Y $67.637 $7,000 $7,000 $0 $o $0 2000 BOND E Water 817 12/15/1997 12/15/2015 4.90% $110,000 $110,000 30 $0 $0 2010 BOND E Lansing Sto war- 12/09/2010 08/09/2030 2.00% $747,060 $616,281 $33,064 $0 $0 $563,217 Total for TypelExempt Status - Sums Issued Amts only made In AFR Year $0 $1,076,281 $198,064 $0 $0 $0 $878,217 2011 BAN N Warren Rd Sewer 08/12/2011 08/12/2013 2.00% $1,700,000 $364,081 $12,000 30 $0 $352,051 2015 BAN N BONE PLAIN WTR TANK 09/15/2015 09/14/2016 1.75% $2.006.500 $0 $o $0 $0 $2,006,500 PROJECT 2008 BAN N Drake Rd 06/18/2008 06/18/2029 2.20% Y 5145.000 $87,000 $4,000 50 $0 $83,000 Total for Type/Exempt Status - Sums Issued Amts only made in AFR Year $2,006,500 $451,061 $16,000 So $0 So $2,441,581 AFR Year Total for All Debt Types - Sums Issued Amts only made In AFR Year $2,006,500 $1,527,362 $214,064 so $0 so $3,319,798 Page 74 TOWN OF Lansing Schedule of Time Deposits and Investments For the Fiscal Year Ending 2015 CASH: On Hand Demand Deposits Time Deposits Total COLLATERAL: - FDIC Insurance Collateralized with securities held in possession of municipality or its agent Total INVESTMENTS: - Securities (450) Book Value (cost) Market Value at Balance Sheet Date Collateralized with securities held in possession of municipality or its agent - Repurchase Agreements (451) Book Value (cost) Market Value at Balance Sheet Date Collateralized with securities held in possession of municipality or its agent EDP Code 9Z2001 9Z2011 9Z2021 9Z2014 9Z2014A 9Z4501 9Z4502 �frlI+jtZla1 9Z4511 9Z4512 9Z4514A Amount $550.00 $9.02 $559.02 $6,725,526.12 $6,725,526.12 Page 75 OSC Municipality Code 500344900000 Bank Account Number *****-3007 *****-3007 *****-7383 *****-3007 *****-3007 *****-3007 *****-3007 *****-3355 *****-1189 *****-1189 *****-3007 *****-1189 *****-5645 *****-9202 *****-8718 *****-6249 *****-3007 TOWN OF Lansing Bank Reconciliation For the Fiscal Year fi=nding 2015 Include All Checking, Savings and C.D. Accounts Bank Balance $8,438 $2,027,320 $107,238 $2,337 $16,471 $7,705 $1,104,851 $5 $93,696 $1,350,320 $77,563 $221,511 $22,681 $1,197,248 $6,780 $28 $11,643 Add: Less: Adjusted Deposit Outstanding Bank In Transit Checks Balance $0 $145 $8,294 $0 $0 $2,027,320 $0 $0 $107,238 $0 $0 $2,337 $0 $0 $16,471 $0 $0 $7,705 $0 $0 $1,104,851 $0 $0 $5 $0 $0 $93,696 $0 $0 $1,350,320 $0 $1,525 $76,037 $0 $0 $221,511 $0 $0 $22,681 $0 $0 $1,197,248 $0 $0 $6,780 $0 $0 $28 $0 $11,643 $0 Total Adjusted Bank Balance $6,242,522 Petty Cash $550.00 Adjustments $119,546.26 Total Cash 9ZCASH $6,362,619 Total Cash Balance All Funds 9ZCASHB $6,362,619 * Must be equal Page 76 OSC Municipality Code 500344900000 TOWN OF Lansing Local Government Questionnaire For the Fiscal Year Ending 2015 Res onse 1) Does your municipality have a written procurement policy? Yes 2) Have the financial statements for your municipality been independently audited? No If not, are you planning on having an audit conducted? Yes 3) Does your local government participate in an insurance pool with other local Yes governments? 4) Does your local government participate in an investment pool with other local No governments? 5) Does your municipality have a Length of Service Award Program (LOSAP) No for volunteer firefighters? 6) Does your municipality have a Capital Pian? No 7) Has your municipality prepared and documented a risk assessment pian? No If yes, has your municipality used the results to design the system of internal controls? 8) Have you had a change in chief executive or chief fiscal officer during the last No year? 9) Has your Local Government adopted an Investment policy as required by Yes General Municipal Law, Section 39? Page 77 TOWN OF Lansing Employee and Retiree Benefits For the Fiscal Year Ending 2015 Total Full Time Employees: Total Part Time Employees: 90� Account Description Total # of Full # of Part # of Retirees Code F Expenditures Time Time (All Funds) Employees Employees 901 0i State Retirement System $310,120.00 28 119 9015Et Police and Fire Retirement - 90254 Local Pension Fund I 9030 i Social Security $106,511.1 2 90401 ^ Worker's Compensation $98.692.50 9C Insurance 90451 Life Insurance 90508( Unemployment Insurance $7.921.14 .21 95 905591Disability Insurance 90600 hospital and Medical $364,671.0 21 9 (Dental) Insurance 9070, Union Welfare Benefits 90859Supplemental Benefit Payment to Disabled Fire Fighters 91890 Other Employee Benefits I. $24,909.85 28 Ix - Total $912,825.80 $874,865.91 Computed Total From Financial Section (comparative purposes only) Page 1 OSC Municipality 500344900000 TOWN OF Lansing Energy Costs and Consumption For the Fiscal Year Ending 2015 Energy Type Total Total Volume Units Of Alternative Expenditures Measure Units Of Measure Gasoline Diesel Fuel Fuel Oil gallons gallons gallons cubic feet Propane I I I gallons :_ �, �� 1 Page 79 TOWN OF Lansing Schedule of Other Post Employment Benefits (OPEB) For the Fiscal Year Ending 2015 Annual OPES Cost and Net OPER Obligatlon 1. Type of Other Post Employment Benefits Plan 2. Annual Required Contribution(ARC) 3. Interest on Net OPEB Obligation 4. Adjustment to Annual Required Contribution 5. Annual OPEB Expense 6. Less: Actual Contribution Made 7. Increase in Net OPEB Obligation S. Net OPEB Obligation - beginning of year 9. Net OPEB Obligation - end of year 10. Total Other Post Employment Beneflts as reported In Accounts 683 in Financial Section, Current Fiscal Year 11. Percentage of Annual OPER Cost Contributed (Actual Contribution Made/Annual OPEB Cost) Funded Status and Funding Process 12. Actuarial Accrued Liability(AAL) 13. Less: Actuarial Value of Pian Assets 14. Unfunded Actuarial Accrued Liability(UAAL) 15. Funded Ratio(Actuarial Value of Plan Assets/AAL) 16. Annual Covered Payroll (of active employees covered by the plan) 17. UAAL as Percentage of Annual Covered Payroll Other OPER Information 18. Date of most recent actuarial valuation 19. Actuarial method used 20. Assumed rate of return on investments discount rate 21. Amortization period of UAAL(in years) _00% Page 80 OSC Municipality 500344900000 TOWN OF Lansing Financial Comments For the Fiscal Year Ending 2015 (A1 GENERAL Adiustmenl Reason Accounl Code A8015 2014 AUD CORRECTION TO BACK OUT $88,500 (BUDGED AMOUNT OF NYSERS ACCRUED LIABILITIY). MOVED ACTUAL ACCRUED AMOUNT OF $85,189 TO A637 fB1 GENERAL TOWN -OUTSIDE VG Adiustment Reason Account Code B8012 AUD ADJUSTMENT FROM OSC CORRECTION WAS DUE TO USING BUDGETED AMOUNT OF NYSERS INSTEAD OF ACTUAL ACCRUED AMOUNT IN 2014. Account Code B8015 2014 CORRECTION TO THE FILED AUD TO BACK OUT $14,100(BUDGETED AMOUNT OF NYSERS ACCRUED LIABILITY). MOVED ACTUAL ACCRUED AMOUNT OF $13,589 TO B637. ALSO DURING 2015 REMOVED $50 PETTY CASH AFTER RESEARCHING. NOBODY COULD REMEMBER ANY PETTY CASH BEING IN THE CODE OFFICE. (DA) HIGHWAY -TOWN -WIDE Adiustment Reason Accounl Code DA8015 2014 AUD CORRECTION BACKED OUT $73,500 (BUDGED AMOUNT OF NYSERS ACCRUED LIABILITY). MOVED ACTUAL ACCRUED AMOUNT OF $72,100 TO DA637 (DB1 HIGHWAY -PART -TOWN Adiustment Reason Account Code DB8015 2014 AUD CORRECTION BACKED OUT $60,000 (BUDGED AMOUNT OF NYSERS ACCRUED LIABILITY). MOVED $58,999 TO DB637 (SS) SEWER Adiuslment Reason Account Code SS8015 BY ERROR RIGHT BEFORE YE HAD ENTERED IN JANUARY SEWER RENTS TOTALING $210.39 AND CORRECTED A PRIOR YEARS BALANCE IN SS3-360 FOR $268.75 (SWI WATER Adiustment Reason Account Code SW801: 2014 CORRECTION TO AUD BACKED OUT BUDGED AMOUNT OF NYSERS ACCRUED LIABILITY. MOVED ACTUAL ACCRUED AMOUNT TO SW637. ALSO MADE PRIOR YEAR ADJ TO CORRECT $210.39 IN THE SW630 Page 81 OSC Municipality Code 50[ TOWN OF LANSING Notes to the Financial Stalemenls For the Fiscal Year Ended December 31, 2015 I. Summary of significant Accounting_ Policies The financial statements of the Town of Lansing have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The more significant of the government's accounting policies are described below. A. Financial Reoortine Entity The Town of Lansing has a population of 11,033 according to the 2010 federal census. The incorporated Village of Lansing is located wholly within the Town. The Town is governed by Town Law and other general laws of the State of New York. The Town's legislative body is the Town Board consisting of a Supervisor and four Councilmen. The Supervisor, as Chief Fiscal Officer, is responsible for receiving, disbursing and having custody of aII Town monies, and keeping all books of account. The Town Clerk, as Chief Recording Officer, is custodian of all Town papers and records. The financial reporting entity includes organizations, functions, and activities over which elected officials exercise oversight responsibility. Oversight responsibility is determined on the basis of financial interdependency, selection of governing authority, designation of management, ability to significantly influence operations and accountability for fiscal matters. The Town provides the following principal services; transportation (streets and highways), culture -recreation, planning and zoning, public improvements and general administration. Street lighting in the community of Ludlowville is provided for and funded by means of a special ad -valorem tax on real property within the Iighting district. The Warren Road Business Park Lighting District 42 and Lakewatch Lighting District ##3 is provided for and funded by a per unit assessment. The Southern Cayuga Lake Inter -municipal Water Commission administers and oversees the operation of the Consolidated Water District and all extensions. The furnishing of fire protection in the area of the Town outside the Village is not a Town function. Instead, it is the responsibility of the Fire Commissioners who constitute the governing board of the Lansing Fire District whose boundaries encompass the entire Town including the Village. Fire Commissioners are elected by the qualified voters living within the district. Fire district operations, including the financing thereof through real property taxation are carried out under the direction of the Fire Commissioners. The Town, therefore, has no oversight or managerial responsibility over the function. Although the functions and activities of the Town of Lansing Housin2. Authority are related to the Town, they are not included in the Town's reporting entity for the following reasons: 1) the Town cannot significantly influence the authority's operation; 2) the Town has no budgetary authority; 3) the authority controls surpluses and deficits; 4) the Town has no responsibility for the authority's debt, 5) the authority's Board of Commissioners control fiscal management. B. Basis of Presentation — Fund Accounting The accounts of the Town are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balanCLng accounts that comprise its assets, liabilities, equity, revenues, and expenditures. Government resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. 1. Fund Cate oe rtes a. Governmental Funds — Governmental funds are those through which most governmental functions of the Town are financed. The acquisition, use and balances of the Town's expendable financial resources and the related liabilities are accounted for through governmental funds. The measurement focus is upon determination of changes in financial position, rather than upon the net income determination. General Fund — the principal operating fund and includes all operations not required to be recorded in other funds. The Town utilized both the General Fund Townwide and General Fund Outside Village funds. Soecial Revenue Funds — used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes. The following Special Revenue funds are utilized: Highway Fund Townwide Highway Fund Outside Village Lighting District Fund Sewer District Fund Water District Fund CaoitaI Proiects Fund — used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by the enterprise, or internal service funds). Debt Service Fund — used to account for current payments of principal and interest on general obligation long-term debt (and for financial resources accumulated in a reserve for payment of future principal and interest on long-term indebtedness). b. Fiduciary Funds —used to account for special activities or services provided by one department to other departments or to other governments on a cost -reimbursement basis. Included are the following; Trust & AEencv - used to account for money (and/or property) received and held in the capacity of trustee, custodian, or agent. These include expendable trusts, non -expendable trusts and agency funds. 2. Account Groups Account groups are used to establish accounting control and accountability for general capital assets and general long-term debt. The two account groups are not "funds". They are concerned with measurement of financial position and not results of operations. The General CaoitaI Assets Account Groun — used to account for land, buildings, improvements other than buildings, and equipment utilized for general government purposes, except those accounted for in proprietary funds. The General Lone -Term Debt Account Group — used to account for all long-term debt except that accounted for in proprietary funds. These liabilities include serial bonds, bond anticipation notes, and capital leases. C. Basis of Accounting/Measurement Focus Basis of accounting refers to when revenues and expenditures/expenses and the related assets and liabilities are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus. Measurement focus is the determination of what is measured, i.e. expenditures or expenses. Modified Accrual Basis — All Governmental Funds and Expendable Trust Funds are accounted for using the modified accrual basis of accounting. Under this basis of accounting, revenues are recorded when measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Material revenues that arc accrued include real property taxes, state and federal aid, sales tax and certain user charges. if expenditures are the prime factor for determining eligibility, revenues from federal and state grants are accrued when the expenditure is made. Expenditures are recorded when incurred except that: 1) Expenditures for prepaid expenses and inventory -type items are recognized at the time of purchase. 2) Principal and interest on indebtedness are not recognized as an expenditure until due. 3] Compensated absences, such as vacation and sick Ieave, which vests or accumulates, are charged as an expenditure when paid. Account Grouos — GeneraI capital assets are recorded at actual or estimated cost or, in the case of gifts and contributions, at the fair market value at the time received. No provision for depreciation is made. General long-term debt liabilities are recorded at the par value of the principal amount: No liabihty is recorded for interest payable to maturity D. Proaerty Taxes County real property taxes are levied annuaIIy no later than December 3161 and become a lien on January 1. Taxes are collected during the period January 151 to March 3I". Taxes for county purposes (apportioned to the area of the county outside of the City of Ithaca) are Ievied together with taxes for the Town and special district purposes as a single bill. The towns and special districts receive the fuII amount of their levies annually out of the first amounts collected on the combined bills. The county assumes enforcement responsibility for all taxes levied in the towns (and for unpaid county taxes in the city). E. Sales Tax Tompkins County, under the general authority of Article 29 of the Tax Law, imposes a 4% sales tax within its boundaries. The tax is administered and collected by the State Tax Commission in the same manner as that relating to the State imposed 4 % sales and compensating use tax. They are paid by the State to the County and the City, respectively. F. Budsetary Data 1. Budget Policies — The budget policies are as follows: a. No Iater than September 30, the Town Supervisor, as budget officer, submits a tentative budget to the Town Clerk for the fiscal year commencing the following date. The tentative budget includes proposed expenditures and the proposed means of financing for all funds. b. The tentative budget is submitted by the Town Clerk to the Town Board by October 51h for their approval, it then becomes the preliminary budget. A public hearing must be conducted to obtain taxpayer comments on or before the Thursday immediately following General Election Day. The preliminary budget as submitted or amended must be adopted by November 20". c. All modifications of the budget must be approved by the Town Board, and may amend the budget as necessary during the year. Unexpended appropriations lapse at the end of the fiscal year. 2. Encumbrances Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of monies are recorded for budgetary control purposes to reserve that portion of the applicable appropriations. Encumbrances are reported as reservations of fund balances since they do not constitute expenditures or Iiabilities. Expenditures for such commitments are recorded in the period in which the liability is incurred. G. Investments Investments are stated at cost, which approximate market value. H. Pronerty. Plant and Eauioment —General Capital assets purchased for general governmental purposes are recorded as expenditures in the governmental funds and are capitalized at costs (or estimated historical costs for assets purchased prior to May 15, 1978) in the General Capital Assets Account Group. Contributed capital assets are recorded at fair market value at the date received. Depreciation on general capital assets, which is recorded in the Town's government -wide financial statements, has not been provided in the annual update document, nor has interest on general capital assets construction in progress been capitalized. 1. Insurance The Town assumes the liability for most risk including, but not limited to, property damage and personal injury liability. Judgements and claims are recorded when it is probable that an asset has been impaired or a liability has been incurred and the amount of loss can be reasonably estimated. .I. ComDensatory Absences Employees; accrue vacation leave based primarily on the number of years employed up to a maximum rale of 20 days per year, but may carry-over a maximum of only five workdays. Employees accrue sick leave at the rate of one sick day per month by regular full-time employees, up to a maximum of 120 days. Upon retirement, the dollar value of accumulated sick time (based upon the employee's rate of pay at the date of retirement) will be applied toward the cost of the retired employee's portion of the health insurance premium up to age 65. No payment for accumulated sick time will be made for a non -retirement termination. K. Post EmDIovment Benefits In addition to providing pennon benefits, the Town provides health insurance covcra�!c and survivor benefits for those retired employees and their survivors who retired prior to December 31, 2006. As of January 1, 2007, in the event the retiree predeceases the dependents, the dependents may continue health insurance coverage provided they pay the full cost of the premium. SubstantialIy all the Town's employees may become eligible for these health insurance benefits if (after twenty years of employment with the Town and havinp, been granted a bona -fide retirement benefit from NYSERS). I lealth care benefits are provided through The Greater TompkLns County Municipal Health Insurance Consortium whose premiums are based on the benefits paid during the year. The Town recognizes the cost of providing benefits by recording its share of insurance premiums as an expenditure in the year paid. The expenditure is recorded in the General, Highway, & Water Funds. The cost of providing benefits for the 11 retirees is separable from the cost of providing benefits for the 25 active employees. IL Stewardship. Compliance. Accountability A. Deficit Fund Balances There were no deficit fund balances at the end of 2015. III. Detail Notes on All FundR and Account Groups A. Acsets 1. Cash and Investments The Town investment policies are governed by state statutes. In addition, the Town has its own written investment policy. Town monies must be deposited in FDIC insured commercial banks or trust companies located within the state. The Town Supervisor, as Chief Fiscal Officer, is authorized to use demand accounts and certificates of deposit. Permissible investments include obligations of the U.S. Treasury and U,S, agencies, repurchase agreements, and obligations of New York State or its IocaIities. Collateral is required for demand deposits and certificates of deposit at 105% of all deposits not covered by federal deposit insurance. Obligations that may be pledged as collateral are obligations of the United States and its agencies and obligations of the State and its municipalities and school districts. Deposits at year-end were entirely covered by federal depository insurance held by the Town's custodial bank in the Town's name. All deposits including certificates of deposit are carried at cost plus accrued intcrest. 2. Chances in Capital Assets A summary of changes in general capital assets follows. K106 Infrastructure $6,853,825 K107 Other Capital Assets $ 39,617 K104 Machinery/ Eauinment $3,707,835 TOTAL $12,514,511 Balance Additions Deletions 12/31/15 294,800 $ 513,053 UPDATW PREVIOUS YEARS $ 262,160 $ 1,432,821 $ 6,853,825 $ 39,617 4.220.282 -145.845 S3.782.272 +515,082 -145,#45 $12,883,748 4 Balance Type 121. 31/14 K101 Land $ 218,253 K103 Improvements $ 262,160 K102 Buildings $1,432,821 K106 Infrastructure $6,853,825 K107 Other Capital Assets $ 39,617 K104 Machinery/ Eauinment $3,707,835 TOTAL $12,514,511 Balance Additions Deletions 12/31/15 294,800 $ 513,053 UPDATW PREVIOUS YEARS $ 262,160 $ 1,432,821 $ 6,853,825 $ 39,617 4.220.282 -145.845 S3.782.272 +515,082 -145,#45 $12,883,748 4 B. Liabilities 1. Penslon Plans Pian Dcscrintion The Town of Lansing participates in the New York State and Local Employees' Retirement System (ERS). This is a cost-sharing multiple -employer retirement system. The System provides retirement benefits as well as death and disability benefits. Obligations of employers and employees to contribute and benefits to employees are governed by the New York State Retirement and Social Security Law (NYSRRSSL). As set forth in the NYSRSSL, the Comptroller of the State of New York (Comptroller) serves as sole trustee and administrative head of the Systems. The ComptroIIer shall adopt and may amend rules and regulations for the custody and control of their funds. The Systems issue a publicly available financial report that includes financial statements and required supplementary information. That report may be obtained by writing to the New York Slate and Local Retirement Systems, Gov. Alfred E. Smith State Office Building, Albany, NY 12244. Funding Policv The Systems are noncontributory except for employees who joined the New York State and Local Employees' Retirement System after July 27, 1976 who contribute 3% of their salary. Under the authority of the NYSRSSL, the Comptroller shall certify annually the rates expressed as proportions of payroII members, which shall be used in computing the contributions required to be made by employers to the pension accumulation fund. The Town of Lansing is required to contribute at an actuarially determined rate. The required contributions for the current year and two preceding years were: ERS 2013 298,039 2014 314,129 2015 310,120 The Town's contributions made to the Systems were equal to 100 percent of the contributions required for each year. 2. Short Term Debt Summary of Short Term Debt Outstanding Outstanding 12/31/14 Additions Reductions 12131/15 BANS $451,081 $2,006,500 $ 16,000 $ 2,441,581 On June 17, 2008, a $145,000 BAN was borrowed to pay for a Water District that was created on Drake Road, in The Town of Lansing. The 7th installment of $4,000.00 was paid on June 12, 2015. On August 12, 2012, a $668,199 BAN was refinanced to pay for a Sewer District that was created on Warren Road, in the Town of Lansing. $12,000 was paid on August 7, 2015. On September 15, 2015, a $2,006,500 BAN was borrowed to pay for Bone Plain Water Tank Project in The Town of Lansing. No payments were made in 2015. 3. Long Term Debt a. On December 31, 2014 the total outstanding indebtedness of the Town Ag<rregated $3,319,798. Of this amount, $81,616,463 is subject to the constitutional debt limit and represents .02 % of the Town's debt limit. b. Serial Bonds — The Town borrows money in order to acquire Iand or equipment or construct buildings and improvements. This enables the cost of these capital assets to be borne by the present and future taxpayers receiving the benefit of the capital assets. These long-term liabilities, which are full faith and credit debt of the local government, are recorded in the General Long Term Debt Account Group. V c. Summary of Long Term Debt Outstanding Outstanding 12/31/14 Additions Reductions 1231/15 Serial Bonds $ 460,000 +0 -165,000 $295,000 State Loan $ 616.281 +0 - 33.064 $583.2I7 $1,076,281 + -198,064 $ 878,217 d. Maturitv Schedule - See Supplemental Section of Annual Update Document. C. Fund Fauity 1. Reserves The Capital projects fund equity includes capital reserve funds established for the foIIowing purposes.- Purpose urposes. Purpose Balance 12/3112015 The Highway Fund (DA) equity includes capital reserve funds established for the following purposes: Highway Equipment $ 5.13 The General Fund (A) equity includes capital reserve funds established for the following purposes: Purpose Balance 12/31/2015 Excess Dog Control Revenues $ 13,584.81 Non -Recurring Repairs $ 107,237.58 Reserve for Park & Rec Equip $ 2,337.13 Technology $ 16,470.99 2. Prior Period Adiustments to Fund Balance A Fund 2015 Fund Balance was reduced by $3,311 (Due to Dec 2014 NYSERS accrued payment was based on budget amount not actual) B Fund 2015 Fund Balance was reduced by $561 (Due to Dec 2014 NYSERS accrued payment was based on budget amount not actual and removal of $50 petty cash that no one ever remembers being in place) DA Fund 2015 Fund Balance was reduced by $1,390 (Due to Dec 2014 NYSERS accrued payment was based on budget amount not actual) DB Fund 2015 Fund Balance was reduced by $1,001 (Due to Dec 2014 NYSERS accrued payment was based on budget amount not actual) SW Fund 2015 Fund Balance was reduced by $836.61 (Due to Dec 2014 NYSERS accrued payment was based on budget amount not actual) SS Fund 2015 Fund Balance was reduced by $479.14 (Due to Prior year entries corrected 2015. Entered Jan 2015 sewer rents before 2014 YE. Correcting entries were made with the following General Journal SSI- 9-10, SS3-18-19 SS3-14-16) Adjustments were made in the OSC changes in fund equity page in previous year adjustments. Contingencies 1. The Town of Lansing was awarded a grant from New York State Department of Agriculture and Markets (NYSDAM) for the Farmland Protection Implementation Grant Program to prepare a Farmland protection plan. The awarded amount is $25,000. There has been a Iot of progress on this project. We anticipate completion in 2016 as the project has been submitted. I, jEdward J LaVigne hereby cerUty that I am the Chief Fiscal Officer of the gown of Lansing , and that the Information provided in the annual financial report of the Town of ILansing , for the fiscal year ended 112131/2015 , is true and correct to the best of my knowledge and belief. By entering the personal identification number assigned by the Office of the State Comptroller to me as the Chief Fiscal Officer of the mown of Lansing , and adopted by me as my s gnature for use in confunction with the filing of the Town of Lan ng 's annual financial report. I am evidencing my express Intent to authenticate my certification of the Frown of [Lansing 's annual financial report for the fiscal year ended 12/31/2015 and filed by means of electronic data transmission. Susan Munson "*"""' Edward J LaVigne Name of Report Preparer Personal Identification Number Name If different than Chief N cal Officer of Chief Fiscal Officer X!:�;� R607j 533-8 96 Town Supervisor Oo Box 186, 29 Auburn Road Lansln Telephone Number Title Official Address (607) 533-8896 Office Telephone Number Date TOWN OF LANSING Notes to the Financial Statements For the Fiscal Year Ended December 31, 2015 1. Summary of slgnificant AccountIne Policies The financial statements of the Town of Lansing have been prepared in conformity with generally accepted accounting princ'ples (GAAP) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted s+andard setting body for establishing governmental accounting and financial reporting principles. The more significant of the government's accounting policies arc described below. A. Financial ReDortlng Entity The Town of Lansing has a population of 11,033 according to the 2010 federal census. The incorporated Village of Lansing is Iocated wholly within the Town. The Town is governed by Town Law and other general Iaws of the State of New York. The Town's legislative body is the Town Board consisting of a Supervisor and four Councilmen. The Supervisor, as Chief Fiscal Officer, is responsible for receiving, disbursing and having custody of all Town monies, and keeping all books of account. The Town Clerk, as Chief Recording Officer, is custodian of all Town papers and records. The financial reporting entity includes organizations, functions, and activities over which elected officials exercise oversight responsibility. Oversight responsibility is determined on the basis of financial interdependency, selection of governing authority, designation of management, ability to significantly influence operations and accountability for fiscal matters. The Town provides the following principal services; transportation (streets and highways), culture -recreation. planning and zoning, public improvements and general administration. Street lighting in the community of Ludlowville is provided for and funded by means of a special ad -valorem tax on real property within the lighting district. The Warren Road Business Park Lighting District #2 and Lakewatch Lighting District ##3 is provided for and funded by a per unit assessment. The Southern Cayuga Lake Inter -municipal Water Commission administers and oversees the operation of the Consolidated Water District and all extensions. The furnishing of fire protection in the area of the Town outside the Village is not a Town function. Instead, itis the responsibility of the Fire Commissioners who constitute the governing board of the Lansing Fire District whose boundaries encompass the entire Town including the Village. Fire Commissioners are elected by the qualified voters Iiving within the district. Fire district operations, including the financing thereof through real property taxation are carried out under the direction of the Fire Commissioners. The Town, therefore, has no oversight or managerial responsibility over the function. AIthough the functions and activities of the Town of Lansing Housing Authority are related to the Town, they are not included in the Town's reporting entity for the following reasons: 1) the Town cannot significantly influence the authority's operation; 2) the Town has no budgetary authority; 3) the authority controls surpluses and deficits; 4) the Town has no responsibility for the authority's debt, 5) the authority's Board of Commissioners control fiscal management. B. Basis of Presentation — Fund Accounting The accounts of the Town are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self -balancing accounts that comprise its assets, liabilities, equity, revenues, and expenditures. Government resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. L. Fund Cate g ies a. Governmental Funds — Governmental funds are those through which most governmental functions of the Town are financed. The acquisition, use and balances of the Town's expendable financial resources and the related liabilities are accounted for through governmental funds. The measurement focus is upon determination of changes in financial position, rather than upon the net income determination. General Fund — the principal operating fund and includes all operations not required to be recorded in other funds. The Town utilized both the General Fund Townwide and General Fund Outside Village funds. Snecial Revenue Funds — used to account for the proceeds of specific revenue sources that are IegaIly restricted to expenditures for specified purposes. The following Special Revenue funds are utilized: Highway Fund Townwide Highway Fund Outside Village Lighting District Fund Sewer District Fund Water District Fund Capital Proiects Fund — used to account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by the enterprise, or internal service funds). Debt Service Fund — used to account for current payments of principal and interest on general obligation long- term debt (and for financial resources accumulated in a reserve for payment of future principal and interest on long-term indebtedness). b. Fiduciary Funds —used to account for special activities or services provided by one department to other departments or to other governments on a cost -reimbursement basis. Included are the following; Trust & Asencv - used to account for money (and/or property) received and held in the capacity of trustee, custodian, or agent. These include expendable trusts, non -expendable trusts and agency funds. 2. Account Grouos Account groups are used to establish accounting control and accountability for general capital assets and general long-term debt. The two account groups are not "funds". They are concerned with measurement of financial position and not results of operations. The General Canital Assets Account Groun — used to account for land, buildings, improvements other than buildings, and equipment utilized for general government purposes, except those accounted for in proprietary funds. The General Lone -Term Debt Account Grout) — used to account for all long-term debt except that accounted for in proprietary funds. These liabilities include serial bonds, bond anticipation notes, and capital leases. C. Basis of AccountinZ Measurement Focus Basis of accounting refers to when revenues and expenditures/expenses and the related assets and liabilities are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus. Measurement focus is the determination of what is measured, i.e. expenditures or expenses. Modified Accrual Basis— All Governmental Funds and Expendable Trust Funds are accounted for using the modified accrual basis of accounting. Under this basis of accounting, revenues are recorded when measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Material revenues that are accrued include real property taxes, state and federal aid, sales tax and certain user charges. if expenditures are the prime factor for determining eligibility, revenues from federal and state grants are accrued when the expenditure is made. Expenditures are recorded when incurred except that: 1) Expenditures for prepaid expenses and inventory -type items are recognized at the time of purchase. 2) Principal and interest on indebtedness are not recognized as an expenditure until due. 3) Compensated absences, such as vacation and sick leave, which vests or accumulates, are charged as an expenditure when paid. Account Grouns — General capital assets are recorded at actual or estimated cost or, in the case of gifts and contributions, at the fair market value at the time received. No provision for depreciation is made. General long-term debt Iiabilities are recorded at the par value of the principal amount: No liability is recorded for interest payable to maturity D. Proverty gazes County real property taxes are levied annually no later than December 3 V and become a lien on January 1. Taxes are collected during the period January V to March 3I'. Taxes for county purposes (apportioned to the area of the county outside of the City of Ithaca) are levied together wilh taxes for the Town and special district purposes as a single bill. The towns and special districts receive the full amount of their levies annually out of the first amounts coIIected on the combined bills. The county assumes enforcement responsibility for all taxes levied in the (owns (and for unpaid county (axes in the city). E. Sales Tax Tompkins County, under the general authority of Article 29 of the Tax Law, imposes a 4% sales tax within its boundaries. The tax is administered and collected by the State Tax Commission in the same manner as that relating to the Stale imposed 4 % sales and compensating use tax. They are paid by the State to the County and the City, respectively. T. Budsetary Data 1. Budget Policies—The budget policies areas follows a. No later than September 30, the Town Supervisor, as budget officer, submits a tentative budget to the Town CIerk for the fiscal year commencing the following date. The tentative budget includes proposed expenditures and the proposed means of financing for all funds. b. The tentative budget is submitted by the Town Clerk to the Town Board by October 501 for their approval, it then becomes the preliminary budget. A public hearing must be conducted to obtain taxpayer comments on or before the Thursday immediately following General Election Day. The preliminary budget as submitted or amended must be adopted by November 201. c. All modifications of the budget must be approved by the Town Board, and may amend the budget as necessary during the year. Unexpended appropriations lapse at the end of the fiscal year. 2. Encumbrances Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of monies are recorded for budgetary control purposes to reserve that portion of the applicable appropriations. Encumbrances are reported as reservations of fund balances since they do not constitute expenditures or liabilities. Expenditures for such commitments are recorded in the period in which the liability is incurred. G. Investments Investments are stated at cost, which approximate market value. H. Property. Plant and Eauioment -- General Capital assets purchased for general governmental purposes are recorded as expenditures in the governmental funds and are capitalized at costs (or estimated historical costs for assets purchased prior to May 15, 1978) in the General Capital Assets Account Group. Contributed capital assets are recorded at fair market value at the date received. Depreciation on general capital assets, which is recorded in the Town's government -wide financial statements, has not been provided in the annual update document, nor has interest on general capital assets construction in progress been capitalized. 1. Insurance The Town assumes the liability for most risk including, but not limited to, property damage and personal injury liability. Judgements and claims are recorded when it is probable that an asset has been impaired or a liability has been incurred and the amount of loss can be reasonably estimated. J. Comuensatory Absences Employees accrue vacation leave based primarily on the number of years employed up to a maximum rate of 20 days per year, but may carry-over a maximum of only live workdays. Employees accrue sick leave at the rate of one sick day per month by regular fuII-time employees, up to a maximum of 120 days. Upon retirement, the dollar value of accumulated sick time (based upon the employee's rate of pay at the date of retirement) will be applied toward the cost of the retired employee's portion of the health insurance premium up to age 65. No payment for accumulated sick time will be made for a non -retirement termination. K. Post EmDlovment Benefits In addLtion to providing; pension benefits, the Town provides health insurance coverage and survivor benefits for those retired employees and their survivors who ret.red prior to December 31, 2006. As of January 1, 2007, in the event the retiree predeceases the dependents, the dependents may continue health insurance coverage provided they pay the full cost of the premium. SubstantialIy all the Town's employees may become eligible for these health insurance benefits if (having been granted a bona -fide retirement benefit from NYSERS) the employee has the required years of continuous full-time service with the Town in accordance with the number of years regULred. Employees hired prior to 5-15-2006 - 10 years Employees hired between 5-15-2006 and I2-21-2014 - 20 years Employees hired after 1-1-2015 noteligible licalth care benefits are provided through The Greater Tompkins County Municipal Health Insurance Consortium whose premiums are based on the benefits paid during the year. The Town reco£Fnizes the cost of providing benefits by recording; it,; share of Lnsurance premiums as an expenditure in the year paid. The expenditure is recorded in the General, Highway, & Water Fu:ids. The cost of providing. benefits for the I 1 retirees is separable from the cost of providing benefits for the 25 active employees. I1. StewardshiD. Compliance. Accountabilitv A. Deficit Fund Balances There were no defica fund balances at the end of 2015. Ill. Detail Notes on All Funds and Account Groups A. Assets 1. Cash and Investments The Town investment policies are governed by state statutes. In addition, the Town has its own written investment policy. Town monies must be deposited in FDIC insured commercial banks or trust companies located within the state. The Town Supervisor, as Chief Fiscal Officer, is authorized to use demand accounts and certificates of deposit. Permissible investments include obligations of the U.S. Treasury and U.S. agencies, repurchase agreements, and obligations of New York State or its IocaIities. ColIateraI is required for demand deposits and certificates of deposit at 105% of all deposits not covered by federal deposit insumnee. Obligations that may be pledged as collateral are obligations of the United States and its agencies and obligations of the State and its municipalities and school districts. Deposits at year-end were entirely covered by federal depository insurance held by the Town's custodial bank in the Town's name. All deposits including certificates of deposit are carried at cost plus accrued interest. 2. Chances in Capital Assets A summary of changes in general capital assets follows: K106 Infrastructure $6,853,825 107 Other Capital Asset8 $ 39,617 K104 Machinery: Eauivment $3,707,835 TOTAL $12,514,511 Balance Additions Deletions 12/31/15 1 294,800 $ 513,053 UPDATED PRL VIOUS YEARS $ 262,160 $ 1,432,821 $ 6,853,825 $ 39,617 220.282 -145.845 $ 3.782.272 +515,082 -145,845 $12,883,748 Balance Tyne 121_ 31114 K101 Land $ 218,253 K103 Improvements $ 262,160 K102 Buildings $1,432,821 K106 Infrastructure $6,853,825 107 Other Capital Asset8 $ 39,617 K104 Machinery: Eauivment $3,707,835 TOTAL $12,514,511 Balance Additions Deletions 12/31/15 1 294,800 $ 513,053 UPDATED PRL VIOUS YEARS $ 262,160 $ 1,432,821 $ 6,853,825 $ 39,617 220.282 -145.845 $ 3.782.272 +515,082 -145,845 $12,883,748 11. LIabilities 1. Pension Plans Plan Description The Town of Lansing participates in the New York State and Local Employees' Retirement System (ERS). This is a cost-sharing multiple -employer retirement system. The System provides retirement benefits as well as death and disability benefits. Obligations of employers and employees to contribute and benefits to employees are governed by the New York State Retirement and Social Security Law (NYSRRSSL). As set forth in the NYSRSSL, the Comptroller of the State of New York (Comptroller) serves as sole trustee and administrative head of the Systems. The Comptroller shaII adopt and may amend rules and regulations for the custody and control of their funds. The Systems issue a publicly available financial report that includes financial statements and required supplementary information. That report may be obtained by writing to the New York State and Local Retirement Systems, Gov. Alfred E. Smith State Office Building, Albany, NY 12244. Funding PoIiev The Systems are noncontributory except for employees who joined the New York State and Local Employees' Retirement System after duly 27, I976 who contribute 3% of their salary. Under the authority of the NYSRSSL, the Comptroller shall certify annuaIIy the rates expressed as proportions of payroll members, which shall be used in computing the contributions required to be made by employers to the pension accumulation fund. The Town of Lansing is required to contribute at an acluarialIy determined rate. The required contributions for the current year and two preceding years were: ERS 2013 298,039 2014 314,129 2015 3I0,120 The Town's contributions made to the Systems were equal to 100 percent of the contributions required for each year. 2. Short Term Debt Summary of Short Term Debt Outstanding 12/31/14 Additions BANS $451,081 $2,006,500 Outstanding Reductions 12/31/15 $ 16,000 $ 2,44I,581 On June 17, 2008, a $145,000 BAN was borrowed to pay for a W atcr District that was created on Drake Road, in The Town of Lansing. The 7th installment of $4,000.00 was paid on June 12, 2015. On August 12, 2012, a $668,199 BAN was refinanced to pay for a Sewer District that was created on Warren Road, in the Town of Lansing. $12,000 was paid on August 7, 2015. On September 15, 2015, a $2,006,500 BAN was borrowed to pay for Bone PIain Water Tank Project in The Town of Lansing. No payments were made in 2015. 3. Long Term Debt a. On December 31, 2014 the total outstanding indebtedness of the Town Aggregated $3,319,798. Of this amount, $81,616,463 is subject to the constitutional debt limit and represents .02 % of the Town's debt limit. b. Serial Bonds —The Town borrows money in order to acquire land or equipment or construct buildings and improvements. This enables the cost of these capital assets to be borne by the present and future taxpayers receiving the benefit of the capital assets. These Iong-term Iiabilities, which are full faith and credit debt of the local government, are recorded in the General Long Term Debt Account Group. c. Summary of Long Term Debt Outstanding Outstanding 12/31/14 Additions Reductions 12/31/15 Serial Bonds $ 460,000 +0 -165,000 $295,000 State Loan $ 616.281 +0 - 33.064 $583 217 $1,076,281 + -198,064 $ 878,217 d. Maturitv Schedule - See Supplemental Section of Annual Update Document. C. Fund Evulty 1. Reserves The Capital projects fund equity includes capital reserve funds established for the following purposes: Purpose Balance 12/31120I5 The Highway Fund (DA) equity includes capital reserve funds established for the following purposes: Highway Equipment $ 5.13 The General Fund (A) equity includes capital reserve funds established for the following purposes: Purpose Balance 12/31/2015 Excess Dog Control Revenues $ 13,584.81 Non -Recurring Repairs $ 107,237.58 Reserve for Park & Rec Equip $ 2,337.13 Technology $ 16,470.99 2. Prior Period Adjustments to Fund Balance A Fund 2015 Fund Balance was reduced by $3,311 (Due to Dec 2014 NYSERS accrued payment was based on budget amount not actual) B Fund 2015 Fund Balance was reduced by $561 (Due to Dec 2014 NYS RS accrued payment was based on budget amount not actual and removal of $50 petty cash that no one ever remembers been,, in place) DA Fund 2015 Fund Balance was reduced by $1,390 (Due to Dec 2014 NYSERS accrued payment was based on budget amount not actual) DB Fund 2015 Fund Balance was reduced by $1,001 (Due to Dec 2014 NYSERS accrued payment was based on budget amount not actual) SW Fund 2015 Fund Balance was reduced by $836.61 (Due to Dec 2014 NYSERS accrued payment was based on budget amount not actual) SS Fund 2015 Fund Balance was reduced by $479.14 (Due to Prior year entries corrected 2015. Entered Jan 2015 sewer rents before 2014 YE. Correcting entries were made with the following General Journal SSI -9-10, SS3-18-19 SS3-14-16) Adjustments were made in the OSC changes in fund equity page in previous year adjustments. V. Contin¢encies 1. The Town of Lansing was awarded a grant from New York State Department of Agriculture and Markets (NYSDAM) for the Farmland Protection Implementation Grant Program to prepare a Farmland protection plan. The awarded amount is $25,000. There has been a lot of progress on this project. We anticipate completion in 2016 as the project has been submitted.