HomeMy WebLinkAbout2011 AUD : .
All 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 12/31/2011
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 Fiscal 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
•
/. ,a • +
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 2010 and has been used by the OSC as the basis for preparing this
update document for the fiscal year ended 2011:
(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 2010 represent data filed by your government with
OSC as reviewed and adjusted where necessary.
***ARRA SECTION ***
The American Recovery and Reinvestment Act(ARRA)section of your Annual Financial Report
is designed to report revenues and expenditures of federal stimulus money
for the current fiscal year ended.
***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
7) Schedule of Other Post Employment Benefits (OPEB)
All numbers in this report will be rounded to the nearest dollar.
Page 2
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(A)GENERAL
Balance Sheet
r,919c! PrIP1120:7:fitf,j,
Assets
Cash
2,132,370 A200 3,113,813
Cash In Time Deposits
9 A201 9
Petty Cash
325 A210 525
TrgrAL;Qah 114,31:47
Accounts Receivable
7,800 A380 7,500
TOTAL OtherReceivabIes(net) 7,800 - 7,500
Due From Other Funds
A391 539,135
TOTAL
•-• Due From •
Cash,Special Reserves 141,253 A230 141,701
TOTAL Restricted
3802664
Page 3 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(A)GENERAL
Balance Sheet
odetDescnption t t
Liabilities =--a 20s1� �EdpCo`!'' o�
Accounts Payable 45,732 A600 58,040
TOTAL Accounts Payable" 445,732 58,040'
Overpayments &Clearing Account
TOTAL Other Liabilities
11 278 A690
11,278 0•ibtALii0biliF V 67010 t3ii40.Reserve For Encumbrances ;_ _._...;:
9 629 A821
T L R OTAeserve For Encumbrances
A872
3,418
Reserve For Excess Dog Control Revenues
� ? 10,101
Reserve For Repairs
141,253 A882141,701
TOTAL
Committed Fund Balance Restricte d Bd Funalance 144.___._
A913 97 500
TOTAL Committed Fund Bslance `A, '
Unreserved Fund Balance Appropriated - -" ` ""`-'" """ —>- —._,_..: }; __v ,, 97,500,
192 340 A910
TOTAL Assigned Fund Balance 192,340 r
Unreserved Fund Balance Unappropriated "" " ` """"' `°
0
1,878,106 A911 �. > � , :�•�.
Unassigned Fund Balance
A917 3,495,341
TOTAL Unassigned Fund Balance T
1 t398106 3495 341
TOTAL Fund Equity
, 2,224,747 3702i6-8
TOTAL Liabilities And Fund E ui
2 281 756
_:._.__: _._....� ..�.:_..... 3,802,682E
Page 4 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(A)GENERAL
Results of Operation
-�-
Code
Revenues
Real Property Taxes 1,336,640 A1001 1,169,088
TOTAL Real Property Taxes 1,336,640 1 1
{
Other Payments In Lieu of Taxes 19,070 A1081 159,090
Interest&Penalties On Real Prop Taxes 10,541 A1090 9,882
TOTAL Real Property Tax Items 29,611
Franchises.
35,603 A1170 35,285
TOTAL Non Property Tax Items 35,603
Clerk Fees
1,587 A1255 1,602
Public Pound Charges,Dog Control Fees 1,953 A1550 2,294
Park And Recreational Charges 265,914 A2001 278,619
Other Home&Community Services Income
TOTAL Departmental yncome ` � "" � 16,858 A2189 1,405,478
286,313
a8,217 A2210 688,172
Youth Recreation Services,General Services,Inter Government
Other Govts 18,947 A2350 9,927
TOTAL lntergoverr merit i Charges t __ J r 27 ,R ' p
18, 99=
Interest And Earnings 11,230 A2401 8,447
Rental, Other(specify) 13,037 A2440 15,619
Commissions
2,090 A2450 2,169
TOTAL Use of Money And Rropertyy ., ..,. .. 26,357
Games of Chance 10 A2530 10
Bingo Licenses 1,099 A2540 218
Dog Licenses 16,689 A2544 22,038
Licenses,Other 650 A2545
650
TOTAL Licenses And Permits 18,448
Fines And Forfeited Bail 31,542 A2610 60,458
Fines&Pen-Dog Cases
1,715 A2611 3,155
TOTAL Fines And Forfeitures
Sales, Other 70 A2655 379
Insurance Recoveries 1,449 A2680 5,151
TOTAL Sale of Property And Compensation For Loss
Refunds of Prior Year's Expenditures 168,636 A2701 710
Gifts And Donations 4,874 A2705 4,776
Grants From Local Governments 1,365 A2706 4,395
Unclassified(specify)
8,660 A2770
TOTAL Miscellaneous LocaFSources
4,194
St Aid, Revenue Sharing 27,638 A3001 27,085
St Aid, Mortgage Tax 216,579 A3005 196,594
St Aid,Youth Programs 1,653 A3820 1,280
TOTAL State Aid � --
TOTAL4Revenues t
Interfund Transfers 1,357 A5031
TOTAL Interfund Transfers° t= �`
TOTAL Other Sources° ,357�
TOTAL Detail Revenues And_Other Sources 2 225 674 4
Page 5 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(A)GENERAL
Results of Operation
Code,Description'" 4 t r :
.. __ _ , .:�. ,. _• .., _ ::�, . , 201,0...°�' �EipCodey&� � �. ._2011 ;^�
Expenditures
Legislative Board,Pers Sery 41,795 A10101 41,795
Legislative Board,Contr Expend 3,374 A10104 5,862
TOTAL LegislativeyBoard'
Municipal Court,Pers Sery 98,254 A11101 104,641
Municipal Court,Contr Expend
10,162 A11104 9,963
TOTAL Municipal Court ;y �'- F
Supervisor,pers Sery 116,699 A12201 116,794
Supervisor,contr Expend 5,029 A12204 6,720
TOTAL Supervisor , 7 23
Budget, Contr Expend 770 A13404 770
TOTAL Budge! e:rs
Fiscal Agents Fee 770 ��, 770
s Contr Expend
TOTAL Fiscal Agaents Fees �40 3 4
401 Al 80 605
Clerk,pers Sery 83,526 A14101 87,545
Clerk,contr Expend 8,736 A14104 8,956
Law,oT TOAL'ClerkMF � F ` gf, �r ` ', f ` 7 92 262 `'` 96,502
Contr Expend }
2
TOTAL Law �EZ_._ 36 465 Al4 04 46 772
OTA _��711 5 : b u 36 46 2
Personnel,Pers Sery 6,650 A14301 6,443
Personnel,Contr Expend 2,252 A14304 • 1,467
Engineer,Contr Expend .t._...
TOTAL E 6,171 A14404 23,011
ngmeer a`r
Elections, Pers Sery 2,725 A14501
TOTAL Elections 2,725 0
Central Services Admin,equip&Cap Outlay 4,902 A16102 4,934
Central Services Admin,contr Expend • 4,467 A16104 4,561
TOTAL Central Services Armin „ 9,369
Buildings,Pers Sery 13,234 A16201 10,662
Buildings,Contr Expend 69,473 A16204 55,527
t
TOTAL Buildings
. P ,_. , w_ , t2 7 ?3 1,_ .�_.us _,_ .. ,,. r.IZES:RTT 7.8217a8__l _:T a3_2 :5_ ,.2 r66,181
Central Garage,Contr Expend
1,663 A16404
2,193
TO_TALCentral Garage s 1663
Central Print&Mail,contr Expend • 2,598 A16704 1,015
TOTAL Central Print&'Mail
2,59$
Unallocated Insurance,Contr Expend 40,873 A19104 • 39,955
TOTAL Unallocated Insur ance 40573 39 955,
Municipal Assn Dues,Contr Expend 4,650 Al 9204 4,900
TOTAL Municipal AssnSDues _._ _;. .�.t.__ �,, 4,650
Other Gen Govt Support,Contr Expend 19,967 A19894 115,377
TOTAL Other Gen Govt SupWeK ' N F 19,967 15,377
TOTAL General Government Support
" 584 835 1
Police,Pers Sery
1,640 A31201 1,845
Police, Contr Expend 11,719 A31204 11,272
Page 6 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(A)GENERAL
Results of Operation
Code Description 't.. «. ... 'pCode.. ji 2011 c.,, .
Expenditures
Traffic Control,Pers Sery 27,914 A33101 37,818
Traffic Control,Contr Expen 10,320 A33104 12,870
TOTAL Traffic Control `'
Control of Animals Contr Expend 23,083 A35104 23,148
TOTAL Control of Animals
23,0837 � x 23,148>
TOTAL S Public afety, F
._..._:� 74,676 86,9541`
Street Admin,Pers Sery 104,700 A50101 82,280
Street Admin,Contr Expend 1,851 A50104 2,782
TOTAL Street Admin rf
Garage, Pers Sery 14,188 A51321 13,734
Garage, Equip&Cap Outlay A51322 5,320
Garage Contr Expend 39,312 A51324 28,115
Street Lighting,Contr Expend 2,238 A51824 2,227
TOTAL Street Lighting r 2,238 2 227
TOTAL Transportation ` 134 4
Programs For Aging,Contr Expend 15,500 A67724
9,000
TOTAL Programs For Aging^ Y 15,500
TOTAL Economic Assistance And Opportunity 15 500 _
Recreation Admini,Pers Sery 120,834 A70201 120,627
Recreation Admini,Contr Expend 1,965 A70204 1,969
TOTAL Recreation Adminl
Parks, Pers Sery 38,356 A71101 38,399
Parks,Contr Expend 129,571 A71104 56,462
TOTAL Parks
:�� _w..___..�..,�.�__ .___... .�.,..._..,, _.�.�,�.,,:> -_.._..�. _ 167,928 _ _ • 94,861
Playgr&Rec Centers,Pers Sery 4,599 A71401 6,326
Playgr&Rec Centers,Equip&Cap Outlay 999 A71402 499
Playgr&Rec Centers,Contr Expend 7,826 A71404 8,940
TOTAL Playgr&Rec Centers ___,� _ ` uV^ .. _ ZN y 13,424 15 765.
Special Rec Facility,Pers Sery 11,666 A71801 10,809
Special Rec Facility,Contr Expend
336 A71804 849
TOTAL Special_Rec FaciUty `£
Youth Prog,Pers Sery
27,929 A73101 23,637
Youth Prog,Equip&Cap Outlay 3,109 A73102
Youth Prog,Contr Expend 117,796 A73104 130,153
TOTAL Youth Prog t f
` �148,W834 a _
Joint Youth Prog,Pers Sery 26,130 A73201 23,755
Joint Youth Prog,Contr Expend 29,207 A73204 35,043
TOTAL Joint Youth Prog 55 337
Historian,Pers Sery 4,823 A75101 4,823
Historian,Contr Expend 296 A75104 35
TOTAL Historian „ 5,119 4,858
Other Performing Arts,Contr Expend 5,022 A75604 8,564
TOTAL Other Performing Arts ' S,022 8,564'
Adult Recreation,Pers Sery 2,255 A76201 2,495
Page 7 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
•
For the Fiscal Year Ending 2011
(A)GENERAL •
Results of Operation
Cgde Description',` „
,„ .-`2010, .``,.1•"'EdpCotle,::;.li :",201'I W, -
Expenditures
Adult Recreation,Contr Expend 6,652 A76204 6,408
TOTAL Adult Recreation ,- 8,907
8,91)3
TOTAL Culture And Recreation
L'"e_: ....__.._.is . - ,:„ ,.,_,, _ ,_._.; 539,373 479,793=
Planning, 88
Pers Sery
32,469 A80201 12,9
TOTAL Planning 32,469
12,988:
Comm Beautification,Contr Expend
21,621 A85104 2,750
..,,,,'::::::::::::, :',,.
TOTAL Comm Beautification 21;621
• Flood&Erosion Control,Pers Sery 1,378 A87451 �gg7
Flood&Erosion Control,Contr Expend 2,935 A87454
TOTAL Flood&Erosion Control 4,313
Gen Natural Resources,Pers Sew 9,480 A87901 4,589
TOTAL Gen Pe rc▪es
1..{ ._34 9,480 4 589
Cemetery, Pers Sew 5,718 A88101 6,074
Cemetery,Contr Expend
r., x r
497 A88104 500
TOTAL Cemetery
6,215 6,574
TOTAL Home And Community• Services r ---
,..�:, _,z.x., 74,097 27,898
State Retirement System 57,426 A90108 73,284
Social Security,Employer Cont 48,233 A90308 46,523
Worker's Compensation,Empl Bnfts 29,415 A90408 34,994
Unemployment Insurance, Empl Bnfts 3,065 A90508 3 gg2
Hospital&Medical(dental)Ins,Empl Bnft 103,132 A90608 122,194
Other Employee Benefits(spec) 11,280 A90898 10,880
TOTAL Employee Benefits
• 252,551 291,756`
TOTAL Expenditures
Transfers,Other Funds 4,550 A99019 186,540
TOTAL Operating Transfers
4 550
_ 186,540'
TOTAL Other Uses 4,550
186,540
TOTAL Detail Expenditures And Other Uses
.,.. .._-.__: u,__..._ 1,707,8Z1 1,916,870
Page 8 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(A)GENERAL
Changes in Fund Equity
code Description, " t . 2010 •, ,.��, EdpCode;? f 2011 ;
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 1,708,301 A8021 2,224,747
Prior Period Adj-Decrease In Fund Equity 1,357 A8015 -0
Restated Fund Equity-Beg of Year 1,706,944 A8022 2,224,747
ADD-REVENUES AND OTHER SOURCES 2,225,674 3,436,766
DEDUCT-EXPENDITURES AND OTHER USES 1,707,871 1,916,870
Fund Equity-End of Year 2,224,747 A8029 3,744,657
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Page 9 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(A)GENERAL
Budget Summary Code Descripti on, ,, ., -i -: 1 1
�. ''. ,r
=.2011 11'.E4Cod41 _ 7f012 _ '.
Estimated Revenues
Est Rev-Real Property Taxes 1,169,123 A1049N 885,871
Est Rev-Real Property Tax Items 190,339 A1099N 116,821
Est Rev-Non Property Tax Items 22,000 A1199N 22,000
Est Rev-Departmental Income 249,300 A1299N 249,550
Est Rev-Intergovernmental Charges 22,342 A2399N 25,453
Est Rev-Use of Money And Property 25,400 A2499N 24,771
Est Rev-Licenses And Permits 14,160 A2599N 20,760
Est Rev-Fines And Forfeitures 47,000 A2649N 47,000
Est Rev-Sale of Prop And Comp For Loss 100 A2699N 23,100
Est Rev-Miscellaneous Local Sources 11,850 A2799N 8,450
Est Rev State Aid 177,038 A3099N 176,280
TOTAL Estimated Revenues 1,928 652 , 1 600 056
Appropriated Fund Balance 192,340 A599N
-. p ;°' 9 d
97 500
TOTAL Estmated Other Sources 1 2,3 0 .= 97,500
TOTAL Estimated Revenues And Other Sources '' Y' 2,1ZQ992{ x
Page 10 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(A)GENERAL
Budget Summary
!Cptle Description"�� �_ � � Yn �----
.�
Appropriations
App-General Government Support 852,195 A1999N
App-Public Safety 687,820
89,270 A3999N 87,820
App-Transportation 148,374 A5999N
127,780
App-Economic Assistance And Opportunity
9,000 A6999N 9,000
App-Culture And Recreation 511,967 A7999N 473,776
App-Home And Community Services
33,388 A8999N 36,866
App Employee Benefits 289 958 A9199N
291,411
TOTAL Appropriations 3
App Interfund Transfer 186,840 A9999N
TOTAL Other Uses y 0
186,840
TOTAL Approiiond Oth Uses. .: ...._..__ prat ns A
.__� �:a..�,._ _�er,_....
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Page 11 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(B)GENERAL TOWN-OUTSIDE VG
Balance Sheet
Code DescnpUon Assets
Cash
Petty Cash 284,103 B200 265,461
50 B210 50
TOTAL Cash
Accounts Receivable ._.:.
15 010 B380 14,771
TOTAL Other Receivables(net) -
15,010 14,771
TOTAL Assets 299,163 280 282.T
Page 12 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(B)GENERAL TOWN-OUTSIDE VG
Balance Sheet
CgdeFDescnptlon ' y k' z �' y aF u2010 r'�� j�v` EdpGode� 32011y 1
Liabilities
Accounts Payable 9,876 B600 11,233
TOTAL Accounts Payable 9,876
s 11,233;
'7,17.071-.)7kL Liabilities
Committed Fund Balance
11,233.
3
TOTAL Committed Fund Balance `j
B91 89,537
_ 0
Unreserved Fund Balance Appropriated 89,609 B910
Assigned Unappropriated Fund Balance B915 179,512
TOTAL IASSigileitFund Balance j k , N,_a.fi �r 89,609
Unreserved Fund Balance Unappropriated
199,678 B911
TOTAL Unassigned Funtl Balance
TOTAL Fund Equity
•
TOT ` Li � 269 049`
AL abilities And Funtl Equity=' Y ` v � r
Page 13 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(B)GENERAL TOWN-OUTSIDE VG
Results of Operation
gCode Description r
-t � � A
_ �.... . ... ,_..�._5��.z._. ._ .... . > ...��.___. ��5-g�-:. -2010_,T'_lrtEipCodeYd�� :�2011E , "
Revenues i
Sales Tax(from County) 139,178 B1120 130,854
TOTAL Non Property Tax,Items ;
= 139,778 •130,8541.
Safety Inspection Fees
1,475 B1560 1,575
Zoning Fees 300 B2110 600
TOTAL Departmental Income
Interest And Earnings
1,401 B2401 867
TOTAL Use of Money`And Property,i
Building And Alteration Permits 36;941 B2555 65,450
Permits, Other •
6,071 B2590 3,326
TOTAL Licenses And Permits 43,013 68,777
Sales, Other
66 B2655 63
TOTAL Sale of Property And Compensation For Loss
Refunds of Prior Year's Expenditures 1,029 B2701
TOTAL Miscellaneous Local Sources z r
t- p
TOTAL' Revenues' 186,461 j 5
202, 35;
TOTAL Detail Revenues And Other:Sources 186 461
Page 14 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(B)GENERAL TOWN-OUTSIDE VG
Results of Operation
Code`Descnption "' 2010
r4E4.Code :: a2011
Expenditures • "
Safety Inspection,Pers Sery 77,711 B36201 - 77,134
TOTAL Safety Inspection
� ' 71 77, 1
TOTALPubhc Safety
77,134
Zoning, Contr Expend
6,061 B80104 4,520
TOTAL Zoning U
Planning,Pers Sery
32,469 B80201 51,950
Planning,Contr Expend 11,636 B80204 21,323
TOTAL Planning
TOTAL Home Antl yCommunityServices
s .4
State Retirement,Empl Bnfts 12,021 B90108 14,525
Social Security,Empl Bnfts 6,831 690308 8,003
Worker's Compensation,Empl Bnfts 5,876 B90408 6,999
Unemployment Insurance,Empl Bnfts 323 690508 433
Hospital&Medical(dental)Ins,Empl Bnft 20,005 890608 • 36,215
Other Employee Benefits(spec) 1,598 B90898 1,872
TOTAL Employee Benefits 3= 1 `�� � ' , �
>
TOTAL Expenditures ,
Transfers,Other Funds
27,767 B99019
TOTAL Other Uses s ,
TOTAL Detail Expenditures And Other Uses fi
222,974 .
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Page 15 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(B)GENERAL TOWN-OUTSIDE VG
Changes in Fund Equity
Oode,.Descnption r. ..z M
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 303,766 B8021 289,287
Prior Period Adj-Increase To Fund Equity 1,357 B8012
Restated Fund Equity-Beg of Year 305,123 B8022 289,287
ADD-REVENUES AND OTHER SOURCES 186,461 202,735
DEDUCT-EXPENDITURES AND OTHER USES 202,296 222,974
Fund Equity-End of Year 289,287 B8029 269,050
Page 16 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(B)GENERAL TOWN-OUTSIDE VG
Budget Summary
g.. sir j
Estimated Revenues
Est Rev-Non Property Tax Items 83,491 B1199N 85,000
Est Rev-Departmental Income 750 B1299N 2,100
Est Rev-Use of Money And Property 1,500 B2499N 1,000
Est Rev-Licenses And Permits 49,500 B2599N 55,500
Est Rev-Sale of Prop And Comp For Loss 100 B2699N 100
Est Rev-Miscellaneous Local Sources 1,000 B2799N
TOTAL Estimated Revenues 136,341 143 700
Appropriated Fund Balance � �`
89,609 B599N 89,537
TOTAL Estimated Other Sources t s` $9,609 89 537
TOTAL Estimated Revenues And Other Sources 225 950
Page 17 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(B)GENERAL TOWN-OUTSIDE VG
Budget Summary
Code Descnpfion,' s .2011 '
Appropriations
App-General Government Support 0 B1999N
App-Public Safety 79,892 B3999N 80,690
App-Home And Community Services
98,150 B8999N 82,166
App Employee Benefits 47,908 B9199N 70,381
TOTAL Appropriations 225,980 233,237
TOTAL Appropriations And Other Uses
Page 18 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DA)HIGHWAY-TOWN-WIDE
Balance Sheet
Code Description "` e„ ; x g
.�.._.. `,„'�� '" ff 20'i 0 �.Code
I— P � 2011 ".
Assets -'" -•--•-
Cash
906,762 DA200 249,782
TOTAL Cash
Cash Special Reserves 21,680 DA230 262,474
TO TAL Restricted Assets �, `z 21,680 262;474'
6 �
TOTAL Assets `'
928,442 r 12,257
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Page 19 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DA)HIGHWAY-TOWN-WIDE
Balance Sheet
Liabilities
Accounts Payable 39,222 DA600 61,784
TOTAL Accounts Payable
39,222
TOTAL Liabilities 784.61
Capital Reserve 61,784
21,680 DA878 262,474
TOTAL Restricted Fund Balance 21 680
Committed Fund Balance
DA913 154,400
TOTAL Committed'Fund Balance " 0 154,400.
Unreserved Fund Balance Appropriated
441,379 DA910
Assigned Unappropriated Fund Balance DA915 33,598
TOTAL Assigned Fund Balance
Un
.,
reserved Fund Balance Unappropriated "" 426,161 DA911
TOTAL Unassigned Fund Balance
TOTAL Fund Equity
tir '' � 89,220
TOTAL Lrabrlltres And Fund Equity`. r 928 442 50,472
. _ �.. ....-s.. . __k�..... _.�.u� _ ... 1.,_ .. •,..,, ..�:,,,� ._.._�_. , _�'�:�_. _w._..�_ �,� ..�512,257>
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Page 20 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DA)HIGHWAY-TOWN-WIDE
Results of Operation
Gode D2SCn don 9 5 <.. r i ��..e ,,. sY rt r t o 3r v ��
�;�.� � , p.. ..��, , u. < . u.. .. , ,. ,�..��, . .,2010 . .. dRCode ,1,..�. Tf2011' R:,v
Revenues
Real Property Taxes
793,018 DA1001 660,853
TOTAL Real Property Taxes
Other Payments In Lieu of Taxes 11,314 DA1081 90,016
a TOTAL Rel Property Tax items
11
, , �-:� ,..� ...: . ...:. ... ... x .�.,_, t314
• 'Nt _„..,. . .. . ,90101,E
Snow Removal Services Other Govts 76,188 DA2302 88,107
TOTAL Intergovernmental Charges{ u 76188
Interest And Earnings 4,173 DA2401 2,826
Rental of Equipment 76,188 DA2414 88,107
TOTAL se of MoreyAnd;Properfq Y
.U......_ � _- :. 80,362 : .:: 90,933:
Sales of Scrap&Excess Materials
4,722 DA2650 3,015
TOTAL Sale of Property And Compensation For Lassfi4 4,722 '" 3,015_=.
Refunds of Prior Year's Expenditures DA2701 aky 1,61E
Unclassified(specify) 10,132 DA2770 15,855
TOTAL Miscellaneous Local SourcesG rb r 10�132? �' `
E /x 17/47�t`:.
TOTAL Revenues w x 975;736
�a w� �,..,..,.�+ a...,. �: 3 � � � ,� >ti� �,, mt s
Interfund Transfers �. . __ ....,
240,093 DA5031
TOTAL`Interfund Transfers
Bond Anticipation Notes DA5730
TOTAL Proceeds ofSObhgations
0 r *
TOTAL Other Sources 2430 093
VIZEOPEZAPITIOT
TOTAL Detail Revenues And Other Sources`
.,.,:. ...... � 1 215 829
Page 21 OSC Municipality Code 500344900000
• TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DA)HIGHWAY-TOWN-WIDE
Results of Operation
Code=D.escription.:'' , '•` j ,_:;2010 ,�I. .EdpCode^ 2011 ;
Expenditures
Machinery,Pers Sery 126,078 DA51301. 109,932
Machinery,Equip&Cap Outlay DA51302 25,404
Machinery,Contr Expend 131,016 DA51304 138,051
TOTAL Machine_ry;' 257 094
Brush And Weeds,
Pers Sery 50,469 DA51401 56,964
Brush And Weeds,Contr Expend 9,596 DA51404 9,756
TOTAL Brush And Weeds 60,065
Snow Removal,Pers Sery 174,919 DA51421 154,146
Snow Removal,Contr Expend 103,688 DA51424 83,804
TOTAL Snow Removal
Services Other Govts,Pers Sery 63,432 DA51481 51,885
Services Other Govts,Contr Expend 77,476 DA51484 87,616
TOTAL Services Other Gouts 140 908
TOTAL Transportation 7 '' 1
State Retirement,Empl Bnfts 45,495 DA90108 74,537
Social Security,Empl Bnfts 25,617 DA90308 23,158
Worker's Compensation,Empl Bnfts 15,669 DA90408 18,723
Unemployment Insurance, Empl Bnfts 1,571 DA90508 2,064
Hospital&Medical(dental)Ins,Empl Bnft 82,172 DA90608 106,307
Other Employee Benefits(spec) 5,991 DA90898 5,416
TOTAL Employee Benefits
6,515
230,206
TOTAL Expenditures 913,188
Transfers,Other Funds DA99019 441,379
TOTAL Operating Transfers
TOTAL Other Uses f ,Y
TOTAL Detail Expenditures And Other Uses.
913,188 1,389142=
Page 22 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DA)HIGHWAY-TOWN-WIDE
Changes in Fund Equity
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 586,579 DA8021 889,220
Restated Fund Equity-Beg of Year 586,579 DA8022 889,220
ADD-REVENUES AND OTHER SOURCES 1,215,829 950,394
DEDUCT-EXPENDITURES AND OTHER USES 913,188 1,389,142
Fund Equity-End of Year 889,220 DA8029 450,474
Page 23 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011 •
(DA)HIGHWAY-TOWN-WIDE
Budget Summary
Code Description >� �� ,. 2011 jL�.PCode f
Estimated Revenues
Est Rev-Real Property Taxes 660,853 DA1049N 685,733
•
Est Rev-Real Property Tax Items 101,687 DA1099N 82,325
EsT.ReV.-Intergovernmental Charges 87,616 DA2399N 101,234
Est Rev-Use of Money And Property 92,166 DA2499N 104,684
Est Rev-Sale of Prop And Comp For Loss 4,000 DA2699N 3,000
Est Rev- Miscellaneous Local Sources 8 000 DA2799N
8,500
TOTAL Estimated:Revenues 98
..�....;.. ..__...._ - 954322
Appropriated Reserve
DA511 N • 106,000
Appropriated Fund Balance 441,379 DA599N 48,400
TOTAL Estimated Other Sources 441,379 154,400
TOTAL Estimated Revenues And Other Sources 1,395,701 1 139•
•
•
•
•
•
•
•
Page 24 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DA)HIGHWAY-TOWN-WIDE
Budget Summary
CodeEDescnption.'. ;. 1 }.,,.
Appropriations
App-Transportation 737,372 DA5999N 883,970
App Employee Benefits 216,950 DA9199N
TOTAL Appropriations 954 322 255,906
1,139,876
Interfund Transfers 441,379 DA9999N
TOTAL Other Uses 441,379 p
TOTAL Appropriations•And Other Uses 1,395,701
Page 25 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DB)HIGHWAY-PART-TOWN
Balance Sheet
bode Descnpbon � _,_ • '� 20�0 Etl Code 201
Assets
Cash
363,450;.
TOTAL Cash ;; 576,384
DB200
576,384;
Accounts Receivable
121,TOTAL Other Recenrables(net) t x 442 939
_: � _ � _ ._ _ 121,442 380 132,939'.
TOTAL Assets =
Page 26 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DB)HIGHWAY-PART-TOWN
Balance Sheet
Gode Description <f — 2 1 r
EdpC
Liabilities _• •. `y-•- ', _ �,,. _ otle 2011 r
Accounts Payable 29,716 DB600 50,551
TOTAL Accounts Payable
'29,716
TOTAL Liabilities"y 29,716 551 50
Committed Fund Balance ...,,. ,
50,551
TOTAL Committed Fund Balance `.
DB913 199 744
Unreserved Fund Balance Appropriated 130,282 DB910
Assigned Unappropriated Fund Balance DB915 459,028,,
.
TOTAL Assigned Fund Balance
130,282 459,02
Unreserved Fund Balance Unappropriated
Unassigned FundBalance 894 324 DB911
TOTAL
TOTAL Fund Equity
455,176
TOTAL Liabilities And Fund Equity 84,892
Page 27 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DB)HIGHWAY-PART-TOWN
Results of Operation
Code Desenption � r - [ 1
Revenues
Sales Tax(from County) 1,126,073 DB1120 1,177,688
TOTAL Non Property Tax Items
;.
�.. . .._
Interest And Earnings
2,162 D62401 1,320
TOTAL Use of Money And Property = 2,162
Refunds of Prior Year's Expenditures 16,566 DB2701
Unclassified(specify) 525 DB2770 225
TOTAL Miscellaneous Local Sources 1Z,091
St Aid, Consolidated Highway Aid
156,009 D63501 156,145
TOTAL State Aid
TOTAL Revenues ? 1,301,334
1,335,378;
TOTAL Detail Revenues And Other Sources 1,301 334 1,335,378
Page 28 OSC Municipality Code 500344900000
TOWN OF Lansing
• Annual Update Document
For the Fiscal Year Ending 2011
(DB)HIGHWAY-PART-TOWN
Results of Operation
iCode)Descnption E . a, ;'2010 `EdpCode jL,`. ...2011 J
Expenditures
Maint of Streets,Pers Sery 256,479 DB51101 253,929
Maint of Streets,Contr Expend 321,523 DB51104 331,091
TOTAL Mamt of Streets
57
Improvements,Pers Sery 82,988 DB51121 58,046
Perm Improve Highway,Contr Expend 285,000 DB51124 300,000
TOTAL Perm Improve Highway • 367,988 358,046,
TOTAL Transportation
945,990 E 943 066'�`
State Retirement,Empl Bnfts 34,223 DB90108 60,171
Social Security, Empl Bnfts 20,957 DB90308 19,365
Worker's Compensation,Empl Bnfts 9,793 DB90408 11,605
Unemployment Insurance,Empl Bnfts 210 DB90508 21
Hospital&Medical(dental)Ins,Empl Bnft 77,591 DB90608 93,027
Other Employee Benefits(spec) 4,901 DB90898 4,529
TOTAL Employee Benefits 147 675 =
TOTAL Expenditures =1,093,665 1,131,783`
Transfers,Other Funds 213,683 DB99019
TOTAL Qperatmg Transfers _ - 213,683
TOTAL Other Uses
21368 3 OF TOTAL Detail Expenditures And Other Uses 1,307,347 1,131,783
Page 29 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DB)HIGHWAY-PART-TOWN
Changes in Fund Equity
Code Descnption ' n . ;.' ', vELF2010 ' . ,1f`•`EdpCode711... <z2011
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 461,190 DB8021 455,176
Restated Fund Equity-Beg of Year 461,190 DB8022 455,176
ADD-REVENUES AND OTHER SOURCES 1,301,334 1,335,378
DEDUCT-EXPENDITURES AND OTHER USES 1,307,347 1,131,783
Fund Equity-End of Year 455,176 DB8029 658,776
•
Page 30 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DB)HIGHWAY-PART-TOWN
Budget Summary
icode Descnption, `, r
Estimated Revenues
Est Rev-Non Property Tax Items 821,150 DB1199N 823,000
Est Rev-Use of Money And Property 2,000 DB2499N
Est Rev- Miscellaneous Local Sources 250 DB2799N 250
Est Rev-State Aid 156,000 DB3099N 156,145
TOTAL Estimated Revenues 979 400
Appropriated FundBalance �..., 979,395
TOTAL Estimated Other Sources 130,282 DB599N 199,744
r 130,282 _ 199,744
TOTAL Estimated Revenues And Other Sources 1,109,682
• 1179
Page 31 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(DB)HIGHWAY-PART-TOWN
Budget Summary
Code Description �, � - •
' 1[ Edp Code�
Appropriations —`' — —
App-Transportation 942,000 DB5999N
975,839
App Employee Benefits 167,682 DB9199N 203,300
TOTAL Appropriations :1,109,682 1,179,139
• TOTAL Appropriations And Other Use 1
s � 109682
Page 32 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(H)CAPITAL PROJECTS
Balance Sheet
}Code Description L45'#: °. �....5 Y. _. _ .. 10 d Code !( 2011 '
Liabilities 20 .E _... __ ,,...m
Due To Other Funds
H630 510,391
TOTAL Due To Other Funds
TOTAL Liabilities 510,391
0
ti __. ._ .z: .,.. ,k.--0. , 510,3 91'
Assigned Unappropriated Fund Balance ""
H915 -470,617
TOTAL Assigned Fund Balance, _`
Unreserved Fund Balance Unappropriated 9
TOTAL Unassigned Fund'Balance
- 199 355 H911
.ft
355,199 p:
TOTAL Fund Equity 355099
-470,61 Z-
TOTAL Liabilities And Fund Equity;,
Page 34 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(H)CAPITAL PROJECTS
Balance Sheet
Cotle Qescnption = •
. Assets 2010 5' � r�EdpCode�;�� ;20114 s_..._ j
Cash
344,320 H200 39,774
Cash With Fiscal Agent 10,879 H223
TTAL Cash
•
•
•
T
OTAL Assets jf r 355,199 39,Z74
Page 33 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(H)CAPITAL PROJECTS
Results of Operation
Revenues
Interest And Earnings 396 H2401 107
TOTAL Use of Money And Property Y
Refunds of Prior Year's Expenditures H2701 -252
Additional Description 10,82.79.28-10627.68
TOTAL Miscellaneous Local Sources "' • 0 252
TOTAL Revenues
396
Serial Bonds
747,060 H5710
Bond Anticipation Notes 980,385 H5730
TOTAL Proceeds of Obligations' '
1,727;445
TOTAL Other Sources " -
TOTAL Detail Revenues And Other.Sources 8
0,
_.._.__... ._._._.,n ..__.bps .�.... � ...<.�.
Page 35 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(H)CAPITAL PROJECTS
Results of Operation
Code-Description``f
Expenditures
•
Sanitary Sewers,Equip&Cap Outlay H81202 815,043
TOTAL Sanitary Sewers 0 815,043
• Water Trans&Distrib,Equip&Cap Outlay
TOTAL Water Trans&Dlstrib
1,412,407H83402
628
•
•
•
•
•
•
•
TOTAL Home And Community Services .-
`° _ 1,412,407 825,671'.
TOTAL Expenditures
1,412,407
TOTAL Detail Expenditures And Other Uses 1 412 407
Page 36 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
. For the Fiscal Year Ending 2011
(H)CAPITAL PROJECTS •
Changes in Fund Equity
bode Descnptionn` ,;`i rg , ) T ,.;:NEF5'2010. Code ;2011
ANALYSIS OF CHANGES IN FUND EQUITY ( �mEd p �I
Fund Equity-Beginning of Year 39,765 H8021 355,199
Restated Fund Equity-Beg of Year 39,765 H8022 355,199
ADD-REVENUES AND OTHER SOURCES 1,727,841 -145
DEDUCT-EXPENDITURES AND OTHER USES 1,412,407 825,671
Fund Equity-End of Year 355,199 H8029 -470,617
•
Page 37 OSC Municipality Code 500344900000
•
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(K)GENERAL FIXED ASSETS
Balance Sheet
Assets
Land
Buildings 226,353 K101 226,353
1,469,212 K102 1,469,212
Improvements Other Than Buildings 262,160 K103 262,160
Machinery&Equipment 4,224,293 K104 4,262,675
TOTAL.Fixed Assets(net) 6,182,018 -
TOTAL Assets � - ,220,400_
8 :
Page 38 OSC Municipality Code 500344900000
•
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(K)GENERAL FIXED ASSETS
Balance Sheet
Code Descnption Y `
EdpCoder 2
Fund Equity �--
Total Non-Current Govt Assets 6,182,018 K159 6,220,400
TOTAL Investments in Non Current Government Assets 6,182,018
•
TOTAL Fund E ui` 1i,220,40.0�
� 6,182,018 6,220,400
TOTAL Liabilities And Fund Equity 6,182 018
Page 39 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SD)DRAINAGE
Balance Sheet
.,� 2010 �{�EdpCode .�f 201 r
Assets
Cash
TOTAL Cash
7,091 SD200 14,195
TOTAL Assets - 14,195':
91 �
14195s
Page 40 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
•
(SD)DRAINAGE
•
Balance Sheet
bdg Description, tr•_�..• :�;, .�.e��._�.,�_���....�:,.�..�w..��.�t.�,��.��,�.,�._:��.�;.�; �.��..u� '201�.�x tx I�.4tEdpCode�r 2011 �j
Fund Equity .�.: . .. ...
Assigned Unappropriated Fund Balance SD915 14,195
TOTAL Assignetl Fund Balance `
14,195
Unreserved Fun-CI-Balance Unappropriated �y -�-- --
Unassigned Fund Balance r
7 091 SD911
TOTAL
` 7,091
TOTAL Fund Egwty'
7,091 14,195
TOTAL Liabfhties'And Fund Equity 7,091
Page 41 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SD) DRAINAGE
Results of Operation
Oode Desc np#ioR' - w , a ° . t ' , � 2010 � d�
EdpCodeZ i --•--2011
w- --
Revenues
Special Assessments
7,080 SD1030 7,090
TOTAL Real Property Taxes
Interest And Earnings 11 SD2401 14
TOTAL Use of Money And Property
TOTAL Revenues 11 14>
7,091 7,104;
TOTAL DetailkRevenues And Other Sources
•
Page 42 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SD)DRAINAGE
Results of Operation
;C.ode Description,4 a ;:
—
N;Expenditures '"' --�'•°
Drainage,Contr Expend
TOTAL Drainage
85404
•
•
TOTAL Home And Community Services
0;
s0 0'
TOTAL Expenditures
TOTAL Detail Expenditures And Other Uses -'
Page 43 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SD)DRAINAGE
Changes in Fund Equity
Code Descnption ;" 3 ,"a r,. . r 20,10, Il_>EdpCode`1�
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year SD8021 7,091
Restated Fund Equity-Beg of Year SD8022 7,091
ADD-REVENUES AND OTHER SOURCES 7,091 7,104
DEDUCT-EXPENDITURES AND OTHER USES
Fund Equity-End of Year 7,091 SD8029 14,195
Page 44 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SL)LIGHTING
Balance Sheet
Assets
Desenption u_ s 0 L
L�. < ,.r. ;,,_ ..�w. k` � .� _ram 1 , ,_EdpCotle�If 2011 '�
Cash
2,866 SL200 3,891
TOTAL Cash u
3,891 ,
TOTAL Assets
Page 45 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SL)LIGHTING
Balance Sheet
Code Desanptwn
Fund Equity
Committed Fund Balance
SL913 TOTAL Committed'Fund Balance'?
1,200
•
Assigned Unappropriated Fund Balance ,69
SL915 2,691
TOTAL Assigned Fund Balance
Unreserved Fund Balance Una ppropnated
TOTAL Unassigned Fund Balance
2,866 SL911
2,866 0:
TOTAL Fund Equity
2,866
TOTAL Liabilities And Fund Equity 2 866 891
3
Page 46 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update_Document
For the Fiscal Year Ending 2011
(SL)LIGHTING
Results of Operation
Code Description ik F , . " q ff20 `
Revenues �w.,_r il. , 10 �.�L. P ode ylu `2011 ._..._ _
Special Assessments 16,400 SL1030 16,400
TOTAL Real Property Taxes
ti 16,400 16,400:.
TOTAL Revenues 16,400
f_ Z 16,400
TOTAL Detail Revenues And Other Sources 16 400 '
Page 47 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SL)LIGHTING
Results of Operation
Code Description,; pCo �
x ; 2010 ;Edde ,_=2011
Expenditures
Street Lighting,Contr Expend
TOTAL Street Lighten
5 134 SL51824 15 374
9 15134 15,374,'
TOTAL Transportation
•
15,134 15,374
TOTAL Expenditures 15,134
TOTAL Detail Expenditures And Other Uses 7
Page 48 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SL)LIGHTING
Changes in Fund Equity
F, ;t' _.:: ]f 2010 : f. EdpCodey_I( ;2011 W Fes;
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 1,600 SL8021 2,866
Restated Fund Equity-Beg of Year 1,600 SL8022 2,866
ADD-REVENUES AND OTHER SOURCES 16,400 16,400
DEDUCT-EXPENDITURES AND OTHER USES 15,134 15,374
Fund Equity-End of Year 2,866 SL8029 3,891
Page 49 OSC Municipality Code 500344900000
TOWN OF Lansing ,
Annual.Update Document
For the Fiscal Year Ending 2011
(SS)SEWER
Balance Sheet
, Pde Descnptlon , : 2010 Ed Code
_._. J[ f 2011
Assets
Cash
TOTAL Cash 769
_ '. r E.; ., t 61,321
SS200
Sewer Rents Receivable
35,769
61,321=
_ t._
297 SS360 456
TOTAL;Other Receivabies`(net)
Due From
- - , ; 297
• 456;:
Other Funds .. ......
7,058 SS391
TOTAL Due From Other Funds
7,058
TOTAL Assets 0;
•
•
Page 50 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SS)SEWER
Balance Sheet
Code Descnpflon ..' r �_ �.-..- 2010 � yEdpCotle � 2011
Liabilities >:
Due To Other Funds
TOTAL Due To Other Funds
SS630 28,744
•
TOTAL Liabilities
Assigned Unappropriated Fund Balance 28,744+
TOTAL Assigned Fund Balance
SS915 33,033
Unreserved Fund Balance Unappropriated
0
43,124 SS911
g d Fund Balance
TOTAL Unassf ne
TOTAL Fund Equity
0.
33 033.
TOTAL Liabilities And Fund Equity 43,124 61,77:7
Page 51 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SS)SEWER
Results of Operation
Codea�escription '> e T;.t. e � 3 n Y ,4x r r f j �� ^T
Revenues . [ 2010 EipCode2011 .r 7
Sewer Rents 58,113 SS2120 32,613
Interest&Penalties On Sewer Accts
TOTAL Departmental Income 138 SS2128 301
z 58,251
32,915
Interest And EarningsTOTAL Use of Money And Property 122
SS2401 106
122
Permits Other SS2590 6,000
TOTAL Licenses And Permits
TOTAL Revenues
Bond Anticipation Notes SS5730 1,700,000
TOTAL Proceeds offObligations
TOTAL Other Sources
f 0 ,
i 9,700,000
rr
1, 00,000
T071714LDetailevnues Anil Other Sources
r
•
Page 52 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SS)SEWER
Results of Operation
Cade Description a ,t", �i, . J2010 —{ EclpCode..<'� . 2011 f'x
1
Expenditures
Sanitary Sewers,Contr Expend SS81204 549
TOTAL Sanitary Sewers
Sewage Treat Disp,Contr Expend 3_ , _.
673 SS81304 21,193
50,
TOTAL Sewage Treat Disp 50,673 21 193
TOTAL Home And Community Services 50,673 21,742
Debt Principal,Bond Anticipation Notes SS97306 • 1,700,000
TOTAL Debt Principal 0 1,700,000`
Debt Interest,Bond Anticipation Notes SS97307 27,370
Tot
Debt`Interest TOTAL Expenditures 0,6T3 5 1749,112
50,673 ,749,112
Page 53 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SS)SEWER
Changes in Fund Equity
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 35,425 SS8021 43,124
Restated Fund Equity-Beg of Year 35,425 SS8022 43,124
ADD-REVENUES AND OTHER SOURCES 58,373 1,739,021
DEDUCT-EXPENDITURES AND OTHER USES 50,673 1,749,112
Fund Equity-End of Year 43,124 SS8029 33,033
Page 54 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SS)SEWER
Budget Summary
Code Descnption . . ..,', T 11 20.141 J EdpCode �„ 2012 z
Estimated Revenues
Est Rev-Departmental Income 58,113 SS1299N 39,126
Est Rev-Use of Money And Property SS2499N 200
Est Rev Miscellaneous Local Sources SS2799N 1,742,192
TOTAL Estimated Revenues 58,113j
1,781,5'i8
•
TOTAL Estimated Revenues And Other Sources 58
Page 55 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
•
For the Fiscal Year Ending 2011
(SS)SEWER
Budget Summary
GodeDescnptibn ,',: j I
Appropriations
App-General Government Support 6,113 SS1999N 12,204
App-Home And Community Services 52,000 S58999N • 33,629
App-Employee Benefits SS9199N
1,685
App Debt Service SS9899N
1,734,000
TOTAL Appropriations 58,113 1,781�;518
•
TOTAL Appropriations And Other Uses 58,113 1`
Page 56 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SW)WATER
Balance Sheet
Gode Dcription <'{, �� °'-�
Oes_ ,..___-— ---- mar < r,. t..rt , ..., K rt,�ff ; Etlpode'�� 2 :E.,:l
Assets ' 2010 019 s.._
Cash
984,247 SW200 876,233
Petty Cash 75 SW210 75
TOTAL Cash s
Water Rents Receivable
876,308
18,831 SW350 22,043
TOTAL Other Recelvables(net) 18,831
22,043
Cash Special Reserves . -
63 448 SW230 63,448
TOTAL Restricted Assets 63,448
TOTAL Assets . T 63,448
1,06$,601 961 799;.
Page 57 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SW)WATER
Balance Sheet
Liabilities
.L.v..s-0.. 3...
Accounts Payable 1,762 SW600 5,617
TOTAL Accounts Payable
s 5,617
Due To Other Funds
7,0
TOTAL Due To Other Funds
58 SW630
7,058 0
TOTAL Liabilities
Committed Fund Balance
5,617:
SW913
•
TOTAL Committed Fund Balance
0
Unreserved Fund Balance Appropriated 470,240 SW910
Assigned Unappropriated Fund Balance SW915 956,182
TOTAL Assigned Fund Balance .
Unreserved Fund Balance Unappropriated 587,240 956,182
TOTAL Unassigned Fund Balance
87 542 SW911
587'542 p
TOTAL Fund Eqwfy;
•
956,182
TOTAL LiabilitiessAnd Fund Equity w 1,066,601 961,799`
Page 58 OSC Municipality Code 500344900000
•
TOWN OF Lansing
' Annual Update Document
For the Fiscal Year Ending 2011
(SW)WATER
Results of Operation
Co deDescription.�z,�k " A9 % -T Code �[
�_.. ...._.yunc..; < ,�..�.,_.`...�' e.... .�6�k t n2010 :�...,_jEEdP, �,2011
ti
Revenues
Special Assessments 573,353 SW1030 560,048
TOTAL Reai Property Taxes ,,f __ �µ,�,. ,_ 573;353
Metered Water Sales 460,991 SW2140 498,946
Interest&Penalties On Water Rents 6,949 SW2148 7,453
TOTAL Departmental Income
Interest And Earnings 5,269 SW2401 3,698
TOTAL Use of Money And;Property M
Refunds of Prior Year's Expenditures SW2701 10,628
TOTAL Miscellaneous Local Sources
TOTAL Revenues
1,080,772
TOTAL Detail Revenues1AndxOther Sources 1046,5 2 , 1,080,772
Page 59 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(SW)WATER
Results of Operation
abode Description' -r 5
Expenditures
Fiscal Agents Fees,Contr Expend 14,515 SW13804
TOTAL Fiscal Agents Fees x 14515
Unallocated Insurance,Contr Expend 16,500 SW191040
13,468
TOTAL UnallocatedfInsurance 16 500 13,468.
TOTAL General Government Support 31,015
Water Administration,Pers Sery 21,790 SW83101 17,614
Water Administration,Contr Expend 15,641 SW83104 15,225
TOTAL Water Administra_tion
Source Supply Pump,Pwr& Contr Expend - 37,431 - 32 840
TOTAL Source Supply Pwr&Pump '
377,034
SW83204 426,065
•
_-.;= 377034 _ 4Z6,065;
Water Trans&Distrib,Pers Sery 23,228 SW83401 40,795
Water Trans&Distrib,Contr Expend 23,157 SW83404 19,115
TOTAL Water�Trans&,Dlstrib 6
{ 46,385 59,910'
TOTAL Home And Community Services 460'850 5 g
State Retirement,Empl Bnfts 2,131 SW90108 6,204
Social Security,Empl Bnfts 2,778 SW90308 3,610
Worker's Compensation,Empl Bnfts 3,917 SW90408 5,443
Unemployment Insurance,Empl Bnfts 76 SW90508 98
Hospital&Medical(dental)Ins,Empl Bnft 4,885 SW90608 6,862
Other Employee Benefits(spec) 650 SW90898 844
TOTAL Employee Benefits'
14,437 23,061
Debt Principal,Serial Bonds 215,000 SW97106 543,928
Debt Principal,Bond Anticipation Notes 50,920 SW97306 4,000
Debt Principal,State Loans SW97906
TOTAL Debt Principal { '
w.._.__ 265,920 547,928:
Debt Interest,Serial Bonds 80,828 SW97107 76,288
Debt Interest,Bond Anticipation Notes 3,538 SW97307 2,811
TOTAL Debt interest 84 365 79
, A99
TOTAL Expenditures
wY� 7,58 1,182,371
856
TOTAL Detail Expenditures And Other Uses
Page 60 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
•
(SW)WATER
Changes in Fund Equity
ifCode Desenption ,':'r' tF .PRZ✓ ,.;. `.Y: ,a ; ; 4,. .TF,.N M_ Nx. ,MdpCode j 201'1„ . FI
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 867,806 SW8021 1,057,781
Restated Fund Equity-Beg of Year 867,806 SW8022 1,057,781
ADD-REVENUES AND OTHER SOURCES 1,046,562 1,080,772
DEDUCT-EXPENDITURES AND OTHER USES 856,587 1,182,371
Fund Equity-End of Year 1,057,781 SW8029 , 956,185
Page 61 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011 1
• - '
(SW)WATER
Budget Summary
06de<Oescnptionr , 5 ..; .' £ . y .; „"t°' ,„ . r.VAf €a,. ,2011 k . ,zF .� Edpcode?_
Estimated Revenues
Est Rev-Real Property Taxes 560,047 SW1049N 560,846
Est Rev-Departmental Income 409,000 SW1299N
Est Rev-Use of Money And Property 5,500 SW2499N 474,675
TO_TAL;EshmatedfRevenues. ;,-E ,EIEYT _,., .j M2i .: .i9745;4flrIE ,. ,. v.»3rr,�.., :EF 1El 035521 '_,'
Appropriated Fund Balance 470,240 SW599N
TOTAL Estimated Other Sources 4`a a + r 470,240`
TOTAL Estimated teyenues And Other Sourcesa _ 6k, ,o,r1,444 787 �y t _. a a ,y _ . iw 1,035,521 y'
Page 62 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
•
For the Fiscal Year Ending 2011
(SW)WATER
Budget Summary
ode Deschption s.w. .' J� „ ,°` - Ed Code 2012 _
Appropriations
App-General Government Support 39,960 SW1999N 196,057
App-Home And Community Services 757,444 SW8999N 557,408
App-Employee Benefits 19,798 SW9199N 25,705
App-Debt Service 627,585 SW9899N 256,351
TOTAL Appropriations4 V 'r 1,4,44,787 y a,' 1,035521
TOTAL Appropriations AndmOther WUses
Page 63 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(TA)AGENCY
Balance Sheet
Code,Oescnptioh , x, ;;.__1• 2010 - - ,EdpCode I'S 2011 V ..'
Assets ^� _
Cash 51,342 TA200 56,952
TOTAL Cash 51342; 56,952-
Page 64 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(TA)AGENCY
Balance Sheet
Bode DescnptiO)4S .s " k. _ .l N 'f Y*Y i l y A;01-01g1R5_a_.4010._,..:gOf_i t?, otle_-P2 _ 20"11u; ,...A 1
Liabilities
Group Insurance 22,932 TA20 27,628
Assoc&Union Dues 2 TA24 1,586
Social Security Tax -12 TA26 • 0
Guaranty&Bid Deposits 9,007 TA30 4,289
Deposit of Securities By Bank 7,684 TA32 9,668
Other Funds(specify) 11,729 TA85 13,780
TOTAL Agency Liabilities 51,342 x,f56,952:
T07AL Liabilities `� 2 ��
TOTAL Liabilities And Fund'Equity{
s �
Page 65 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(V)DEBT SERVICE
Balance Sheet
�o�le Descnp(€on °'
Assets
Cash 28 V200 28
•
TOTAL Cash 28 28`
TOTAL Assets
28 28;
Page 66 OSC Municipality Code 500344900000
TOWN OF Lansing
' ` ' Annual Update Document
For the Fiscal Year Ending 2011
(V)DEBT SERVICE
Balance Sheet
Bode Description,, i o i s`, t�� tv e.. g y�wo _�, M, J_ .��g � ,9 _� �2010.ut_vdtlApCod$vpm 2011az _..o
Fund Equity
Unreserved Fund Balance Unappropriated 28 V911
TOTAL Unassigned'Fund Balance ` 2g 0
•
TOTAL Fund Equity
TOTAL Llalilities�ndnFupd Equitys �^ � �} � u 28 0
Page 67 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(V)DEBT SERVICE
Results of Operation
0 De'scfiption r E,! ',,, ' 2N . -' '-- . it ..2010 " 7 J[ .EdpCode` JL.,._ 201,1
Revenues
Real Property Taxes 84,820 V1001
TOTAL Reai Property Taxes A` ..__ r.._ ..84,820
Other Payments In Lieu of Taxes 1,210 V1081
0
Y 1 E
TOTAL Revenues
Interfund Transfers 4,550 V5031 627,919
TOTAL Interfund Transfers 4,550 627,919`;
TOTAL Other Sources 4,550 TOTAL Detail Revenues And Other Sources 3�L , 627,919
90 5ao
Page 68 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(V)DEBT SERVICE
Results of Operation
r _2010
Expenditures
Debt Principal,Serial Bonds 25,000 V97106 181,500
Debt Principal,Bond Anticipation Notes 55,979 V97306 434,021
TOTAL Debi Principal F4 h ` x
Debt Interest,Serial Bonds 10,780 V97107 5,040
Debt Interest,Bond Anticipation Notes 9,773 V97307 7,358
TOTAL Debt Interest � ' _
TOTAL Expenditures
10 32
TOTAL Detail Expenditures And Other Uses 101 532
Page 69 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(V)DEBT SERVICE
Changes in Fund Equity I ode Descnpfion' z ' t ` `iq " ..., ` .. ' r`� 5';7 7 '. �x'M -2010 "" � EdpCode.``�� =2011 fi f
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 10,980 V8021 28
Restated Fund Equity-Beg of Year 10,980 V8022 28
ADD-REVENUES AND OTHER SOURCES 90,580 627,919
DEDUCT-EXPENDITURES AND OTHER USES 101,532 627,919
Fund Equity-End of Year 28 V8029 28
Page 70 OSC Municipality Code 500344900000
TOWN OF Lansing
' Annual Update Document
For the Fiscal Year Ending 2011
(W)GENERAL LONG-TERM DEBT
Balance Sheet
EdpCodet1P 2011
Assets
Total Non-Current Govt Liabilities 4,663,581 W129 3,500,132
TOTAL Provision To Be Made In Future Budgets 4 663 581
3,500,1'32
TOTAL Assets
3500,132
Page 71 OSC Municipality Code 500344900000
TOWN OF Lansing
Annual Update Document
For the Fiscal Year Ending 2011
(W)GENERAL LONG-TERM DEBT
Balance Sheet
Code Desciptlon;` z � J� I
General Long Term Debt
State Loans Payable W619
Bond Anticipation Notes Payable 2,271,521 W626 1,833,500
TOTAL Notes Payable 2,271,521
1833,500
Bonds Payable
2,392,060 W628 1,666,632
TOTAL Bond And Lang Term Liabilities 2,3 2,0 9 60 is 1666,632
TOTAL Liabilities
} J 4,663,581 t 3,500,137
TOTAL General Long,TermDebt � 4,6&3,581 � 3 500132'
Page 72 OSC Municipality Code 500344900000
• a TOWN OF Lansing
Financial Comments
For the Fiscal Year Ending 2011
(A) GENERAL
a
Adjustment Reason
Account Code A8015 Pennies
Page 73 OSC Municipality Code 50(
TOWN OF Lansing
.Statement of Indebtedness
For the Fiscal Year Ending 2011
Water and Other Purposes Exempt From Constitutional Debt Limit
(Bond No. 2002000001 EDPCOD `E Amounl
Month
and Year of Issue a� - _� ." 8/15/20021
Purpose of Issue _Water#2, Ext#21
Current Interest Rate 4.1000
Outstanding Beginning of Year � 2P18671 L. 28,50�
Prior Year Adjustment 0
:Issued During the Fiscal Year . ._ .__� e�.
(do not include renewals here) 2P18673 0,
Paid During the Fiscal Year
L (do not include renewals here) j2P18675 a 5,5001
Outstanding End of the Fiscal Year 2P18677 23,000
[Final Maturity Date — 3/15/2021
j° i
---- k__.
;Bond No. 2002000003 - TEDPCODEI Amount
Month and Year of Issue
Purpose of Issue Ag # _ Water#12, Ext#
Current Interest Rate �� `�
� 4.100U
Outstanding Beginning of Year 2P18671 .96,,000'
Prior Year Adjustment �.._ _- _ __�.
Issued During the Fiscal Year I
(do not include renewals here) 2P18673 0 Paid During the Fiscal Year �� �
(do not include renewals here) 2P18675 8,000
;Outstanding End of the Fiscal Year pp2P18677 88,000!
(Final Maturity Date 3/15/2021
!Bond No. 2002000002 EDPCODE _ _ Amoun
Month and Year of Issue � 8/15/20021
Purpose of Issue Water#2, Ext#3
Current Interest Rate 'r 4.1004
(Outstanding Beginning of Year 2P18671 44,00
Prior Year Adjustment d
[Issued During the Fiscal Year •
(do not include renewals here) P18673 01
paid
aid During the Fiscal Year
(do not include renewals here) j2P18675 4,000,
Outstanding End of the Fiscal Year 2P18677 40,0001
!Final Maturiy Date _ 3/15/2021
Page 74 OSC Municipality Code 500344900000
TOWN OF Lansing
Statement of Indebtedness
For the Fiscal Year Ending 2011
Water and Other Purposes Exempt From Constitutional Debt Limit
;Bond No. 2002000005 EDPCODE Amoun
Month and Year of Issue 8/15/2002
Purpose of Issue Water#1 E,
Current Interest Rate 4.1000,
Outstanding Beginning of Year su 12P18671 36,500
prior Year Adjustment ,qm ��Mi 0,
jlssued During the Fiscal Year
F (do not include renewals here) 2P18673 n 0j
Paid During the Fiscal Year , _ ,��.__ �A. _,._.. e 1
(do not include renewals here) 2P18675 7,500,
Outstanding End of the Fiscal Year 12P18677 29,0001
'Final Maturity Date 3/15/2021
Bond No. 2000000010 EDPCODE Amouni
Month and Year of Issue 3/15/2000
'Purpose of Issue T _A Water System Improyj
;Current Interest Rate 5.5000
:Outstanding Beginning of Year I2P18671 200,0001
;Prior Year Adjustment _.0
!Issued During the Fiscal Year � . �_..
(do not include renewals here) - 2P18673 _
;Paid During the Fiscal Year
(do not include renewals here) 2P18675V� 200,000
Outstanding End of the Fiscal Year 2P18677 01
Final Maturity Date 3/15/2016,
;Bond No. 2010000009 EDPCODE, Amount
Month and Year of Issue 111111111111 12/9/201
purpose of Issue Lansing Sta Water
[Current Interest Rate 2.0000
Outstanding Beginning of Year 2P1867_1 7— 747,06600
'Prior Year Adjustment
0
,Issued During the Fiscal Year
(do not include renewals here) 2P18673 _ 0
Paid During the Fiscal Year NIIIIIN
(do not include renewals here) _ P18675 35,428'
Outstanding End of the Fiscal Year 2P18677 i 711,632
'Final Maturity Date F 8/9/203dTi
Page 75 OSC Municipality Code 500344900000
• TOWN OF Lansing
Statement of Indebtedness
For the Fiscal Year Ending 2011
Water and Other Purposes Exempt From Constitutional Debt Limit
bond No. 2002000004 EDPCODE Amoun
Month and Year of Issue _r�_ 8/15/200Z
Purpose of Issue — Water#19
;Current Interest Rate -
Outstanding Beginning of Year � �Aar 2P18671 '
370 0001
;Prior Year Adjustment
0
(Issued During the Fiscal Year ��
(do not include renewals here) .° P18673
0
'Paid During the Fiscal Year
I (do not include renewals here) 2P18675 �Y4VM 30,000
Outstanding End of the Fiscal Year 2P18677 i 340,000'
Final Maturity Date 3/15/2021j
Bond No. 2000000011 EDPCODE' Amount
Month and Year of Issue 3/15/2000!
;Purpose of Issue �L Water#17, Ext#1t
Current Interest Rate
� �z -� `� - a-� -
f 5.5000'
2P
Outstanding Beginning of Year 18671 80,000;
Prior Year Adjustment � r �¶ a
(Issued During the Fiscal Year w_ ' "i L_ (do not include renewals here) 42P18673 - �! ��0
Paid During the Fiscal Year
(do not include renewals here) 2P18675 80,000
Outstanding End of the Fiscal Year 2P18677 0
Final Maturity Date 3/15/2016
Bond No. 2000000012 EDPCODE Amount
Month and Year of Issue _ 3/15/2000
LPurpose of Issue Water#17_, Ext#Z
Current Interest Rate � 5.5000'
1
Outstanding Beginning of Year P18671 5,750
Prior Year Adjustment
Issued During the Fiscal Year
I_ (do not include renewals here) P18673 0
(Paid During the Fiscal Year
i (do not include renewals here)_ 2P18675 5,750
;Outstanding End of the Fiscal Year 2P18677 0
;Final Maturity Date r,__----3/15/201
Page 76 OSC Municipality Code 500344900000
TOWN OF Lansing
Statement of Indebtedness
For the Fiscal Year Ending 2011
•
Water and Other Purposes Exempt From Constitutional Debt Limit
iBond No. 2000000013 HEDPCODE Amount
•
!Month and Year of Issue 3/15/2000!
Purpose of Issue " Water#17, Ext#3,
Current Interest Rate - - —— i" � 5.5000,
;Outstanding Beginning of Year I2P18671 64 25
;Prior Year Adjustment 0
Issued During the Fiscal Year
; (do not include renewals here) 2P1867.3 0
!Paid During the Fiscal Year M
(do not include renewals here) 2P18675 64,250
`Outstanding End of the Fiscal Year ,2P18677 4, 0,
Final Maturity Date _. . Ti_j_ ____j_ 3/15/2016
'Bond No. 2000000009 EDPCOD E Amount
;Month and Year of Issue 12/15/199
;Purpose of Issue _ �atl WaterWater#1
Current Interest Rate _ _pg 4.9000'
Outstanding Beginning of Year g q �� P18671 I 540,000'
Prior Year Adjustment p
[Issued During the Fiscal Year —j
I(do not include renewals here) P18.673 § _ 0
;Paid During the Fiscal Year
OI (do not include renewals here) 2P18675 105,002
utstanding End of the Fiscal Year 2P18677 �� 435,000
[Final Maturity Date I 12/15/201
1
(Total Bond ----._._.._--___
-�� �,�. Amoun
`Outstandin Beginning of Year i' R�
i 9 9� 9 2,212,060,
Pri or Year Adjustment rn� 0�
;Issued During Fiscal Year 0
;Paid During Fiscal Year 2 _ 545,428;
Outstanding End of Year L_ 1 1 666,6 Z
a
A
0�
Page 77 OSC Municipality Code 500344900000
TOWN OF Lansing
Statement of Indebtedness
For the Fiscal Year Ending 2011
Indebtedness Not Exempt From Constitutional Debt Limit
Bond Anticipation Note No2008000002 [EDPCODE Amoun�tj
:Month and Year of Issue ,
6/18/2008
Purpose of Issue _jL Drake Rd_Y Y __�
!Current Interest Rate 4 2.2000i
Outstanding Beginning of Year 12P18761 — _ 137,50d
Prior Year Adjustment
[Issued During the Fiscal Year
(do not include renewals here) 2P18763 _ 0
Paid During the Fiscal Year
(do not include renewals here ___-,.,-�
) 2P18765 p 4 000
tOutstandin End of the Fiscal Year r ,_.®.
...__ __ . ...,.__.9_....._,...._...w_..-.:�.._._______._.w,-__..."_:._..._._a-.___...�...._.. i2P18767.�._4...____..�....�_.. 133,500
;Final Maturity Date 6/18/20291
Bond Anticipation Note No. 2008000001 EDPCODE Amoun
Month and Year of Issue j 5/22/200$'
!Purpose of Issue _ —v Hwy Equip 06
;Current Interest Rate 2.1400
'Outstanding Beginning of Year I2P18761 434,021
Prior Year Adjustment 0
Issued During the Fiscal Year _1_ �� ',
(do not include renewals here) 2P18763 ' 0
PaidDuring Fiscal Year �.� " "" �G6i� --��
!P
(do not include renewals here) 2P18765 43� ,4
Outstanding End of the Fiscal Year 2P18767 0
CFinal Maturity Date 5/22/2019{
Bond Anticipation Note No. 2010000004 EDPCODEI Amount
Month and Year of Issue _ 8/12/2010
Purpose of Issue _ � Warren Rd Sew e j
Current Interest Rate _ 1.6100,
IOutstandin Beginning of Year
utst _.. 9 9 g 2P18761 1,700_0001
Prior Year Adjustment _ -Ir-
�Issued During the Fiscal Year 1HO
L(do not include renewals here) 2P18763 0
Paid During the Fiscal Year l q
j (do not include renewals here) '2P18765 1,700,000
Outstanding End of the Fiscal Year 2P18767 0l
Final Maturity Date 8/12/ 011
Page 78 OSC Municipality Code 500344900000
TOWN OF Lansing
' ` , • Statement of Indebtedness
For the Fiscal Year Ending 2011
Indebtedness Not Exempt From Constitutional Debt Limit
bond Anticipation Note No. 2011000001 EDPCODE Amount
r onth and Year of Issue � F y 8/12/201i1
;Purpose of Issue _ Warren Rd Sewer
Current Interest Rate _ _ --� v - IIss {"uMx� yi-_ 2.0000
'Outstanding Beginning of Year � � 2P18761 _0
'Prior Year Adjustment _ 0
;Issued During the Fiscal Year
i
(do not include renewals here) 2P18763 1 1,700,000
Paid During the Fiscal Year
(do not include renewals here) 2P18765
.Outstanding End of the Fiscal Year 2P18767� 1,700,000,
;Final atunty Date 8/12/2012
i
Total Bond Anticipation Note 3 — Amoun
;Outstanding Beginning of Year 2,271,521
;Prior Year Adjustment �w `�
Issued During Fiscal Year � � 9 1,700,00
Paid During Fiscal Year ; , 2,138,021j
;Outstanding End of Year �n��r 1,833,500.
R"' Bond Anticipation Notes Redeemed
From Bond Proceeds During Fiscal Year 2P18885
Page 79 OSC Municipality Code 500344900000
TOWN OF Lansing
Statement of Indebtedness '
For the Fiscal Year Ending 2011
Indebtedness Not Exempt From Constitutional Debt Limit
"Bond No. 2000000018 IEDPCODE Amo_nu t
Month and Year of Issue m.__._. ��_ A_.__r 3/15/20001
Purpose of Issue _ �._,_�a_�..___ __ _._ E Town Half
Current Interest Rate �z - -Y4�� 5�v~_ u� 1
h_. r _- Interest
_ 5.50_0�0
Outstanding Beginning of Year 2P18771 A 180,000
Prior Year Adjustment 0
Issued During the Fiscal Year
(do not include renewals here) 2P18773 I _ 0
Paid During the Fiscal Year
(do not include renewals here) 2P18775 180,00d
;Outstanding End of the Fiscal Year 2P18777 0
Final Maturity Date `" 3/15/205/206
.._. �_�.. _-- 161
I - - - 1
(Total Bond Amour
Outstanding Beginning of Year 180,000
Prior Year Adjustment _0�
Issued During Fiscal Year �` m�� 0
'Paid During Fiscal Year u�m � ~180,
000
Outstanding End of Year_ 9 i
— — — -- —
0;
***************************************************************************************************************************************
Total of All Indebtedness
Includes Total of Bonds and Notes- Exempt and Not Exempt
iTotal Bond -- ---�----� --,
1-1—
� - AmountOutstanding Beginning of Year 4,663,581,Prior Year Adjustment
!Issued During Fiscal Year 1,700,009
Paid During Fiscal Year � ��� _ 2,863,44g
(Outstanding End of Year �-�3,500,132
Page 80 OSC Municipality Code 500344900000
TOWN OF Lansing
Schedule of Time Deposits and Investments
' r ' For the Fiscal Year Ending 2011
EDP Code Amount
CASH:
On Hand 9Z2001
Demand Deposits 9Z2011
Time Deposits 9Z2021 $5,725,215.68
Total -- __..
$5,726,115.68
COLLATERAL:
- FDIC Insurance 9Z2014
Collateralized with securities held in
possession of municipality or its agent 9Z2014A $6,008,650.40
Total .---- ---- ---- --.._ .
$6,008,650.40
INVESTMENTS:
- Securities (450)
Book Value(cost) 9Z4501
Market Value at Balance Sheet Date 9Z4502
Collateralized with securities held in 9Z4504A
possession of municipality or its agent -- ----
- Repurchase Agreements (451)
Book Value (cost) 9Z4511
Market Value at Balance Sheet Date 9Z4512
Collateralized with securities held in
possession of municipality or its agent 9Z4514A
Page 81 OSC Municipality Code 500344900000
1 ,
TOWN OF Lansing
Bank Reconciliation
For the Fiscal Year Ending 2011
Include All Checking, Savings and C.D. Accounts
Bank Add: Less: Adjusted
Account Bank Deposit Outstanding Bank
Number Balance In Transit Checks Balance
*****-3007
$20,442 -- ---. _._$38,569 - -- ----$59,011
*****-3007
$17,916 $10,519 $27,001
_-------_------ 1 434
*****-3007
- - - - $3,518,643 $0 - - - $3,518,643
*****-7383
_ ...---..._ $824 $0
_--- --____---- -- ----------- --------. ---$0 -------- -------$824
*****_3007 $82 $0 - -- $0 $82
007--_-__ $107,322 $3,997 $8,977 $102,342
*****-3007 $986,080 $0
*****-1189
--- - - $13,711 $0 - - $15,914 ($2,202)
*****-1189 $941,883 $0 $0 $941,883
_ -------- -----
*****-3007
--_- ----_-- $63,024 $110 $6,433 $56,702
-8718 $4,255 $0 $364
*****-1189 $47,277 $14,091 $48 $61,321
*****-6249 $28 $0
*****-99202 $39,765 $0 $0 $39,765
*****-5645 $14,195 $0
*****_9579_ $10 $0 $0 $10
*****-3355 $218 $0 $0 $218
Total Adjusted Bank Balance $5,725,216
Petty Cash $900.00
Adjustments _ $.00
Total Cash 9ZCASH * $5,726,116
Total Cash Balance All Funds 9ZCASHB * $5,726,116
*Must be equal
Page 82 OSC Municipality Code 500344900000
TOWN OF Lansing
' ' Local Government Questionnaire
For the Fiscal Year Ending 2011
Response
1) Does your municipality have a written procurement policy? Yes
2) Have the financial statements for your municipality been independently audited? _ No
If not, are you planning on having an audit conducted? No —_
3) Does your local government participate in an insurance pool with other local Yes
governments? —4) Does your local government participate in an investment pool with other local No
governments? — ---
5) Does your municipality have a Length of Service Award Program (LOSAP) No
for volunteer firefighters? —6) Does your municipality have a Capital Plan? No
7) Has your municipality prepared and documented a risk assessment plan?
If yes, has your municipality used the results to design the system of internal
controls? --------
8) Have you had a change in chief executive or chief fiscal officer during the last Yes
year? --
g) Has your Local Government adopted an investment policy as required by Yes
General Municipal Law, Section 39? -- —
Page 83
TOWN OF Lansing
Employee and Retiree Benefits i I
For the Fiscal Year Ending 2011
Total Full Time Employees:1 27
Total Part Time Employees:
P Account — Description Total 4 #. — y
Code of Full ^1 Y #of Part #of Retirees
Expenditures Time Time
(All Funds) Employees Employees
~ 9010: -State Retirement S stem— — `+$ "721, `" " 27p" ' ' II
Y 228, 21.0� ,--_._..__
_ _— Police and
Fi___..... n_.T�
9015: a Fire Retirement
9025: Local Pension Fund j---, _ as _. v: .n
_ ~ 9030: Social Security $100,658.61 27
23, .
9040: Worker's Compensation 1
P $77,764.0
Insurance 27i 23
I
9045. Life Insurance_.._......___. .
9050. Unemployment Insurance 27
$6,498.2
23
ii 9055 Disability Insurance
-----F—
p.. ,._ 9060 Hospital and Medical $364,604.81 24 1 1 1
(Dental)Insurance f
I 90701 Union Welfare Benefits I
9085 Supplemental Benefit Payment to
Disabled Fire Fighters
9189 Other Employee Benefits 1=, I
$23,541.23 271- ��m 2
�._ — Total
$801787 93
Computed Total From Financial f $801,787 93
1 PiSection(comparative purposes only) d -�
Page 84 OSC Municipality 500344900000
I OWN OF Lansing
Energy Costs and Consumption
I • For the Fiscal Year Ending 2011
Energy Type Total Total Volume Units Of Alternative
Expenditures Measure Units Of
Measure
Gasoline $55,690 17,219 ----� I
!_.. — — — gallons —
-
Diesel Fuel - $79,289L 79,289 gallons
u Oil -------------- --- "
,-Fel-- l____ — — — gallons A—_ — T
Natural Gas T $16,965 15,296 cubic feet therms
;Electricity $44,668 279,097 kilowatts
;Coal — . ---- --. tons = _ --- --- -1
Page 85 OSC Municipality 500344900000
TOWN OF Lansing
Schedule of Other Post Employment Benefits (OPEB) ;
For the Fiscal Year Ending 2011
Annual OPEB Cost and Net OPEB Obligation
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
8. Net OPEB Obligation-beginning of year
9.Net OPEB Obligation-end of year
10.Total Other Post Employment Benefits as reported in Accounts 683 in
Financial Section,Current Fiscal Year
11. Percentage of Annual OPEB Cost Contributed(Actual Contribution
Made/Annual OPEB Cost)
Funded Status and Funding Process
12.Actuarial Accrued Liability(AAL)
13. Less:Actuarial Value of Plan 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 OPEB Information
18.Date of most recent actuarial valuation
19.Actuarial method used
20.Assumed rate of return on investments discount rate .00%
21.Amortization period of UAAL(In years)
Page 86 OSC Municipality 500344900000
' ' ' • CERTIFICATION OF CHIEF FISCAL OFFICER
I, Kathy Miller , hereby certify that I am the Chief Fiscal Officer of
the Town of Lansing , and that the information provided in the annual
financial report of the Town of Lansing for the fiscal year ended 12/31/2011
, is TRUE and correct to the best of my knowledge and belief.
By entering the personal indentification number assigned by the Office of the State Comptroller to me as
the Chief Fiscal Officer of the Town of Lansing , and adopted by me as
my signature for use in conjunction with the filing of the Town of Lansing's
annual financial report, I am evidencing my express intent to authenticate my certification of the
Town of Lansing's annual financial report for the fiscal year ended 12/31/2011
and filed by means of electronic data transmission.
Jo
Charmagne Rumgay __ Kathy Miller
Name of Report Preparer if different Name
than Chief Fiscal Officer
(607) 533-8896 Supervisor
Telephone Number Title
29 Auburn Rd, Lansing,NY
Official Address
02/29/2012 (60 7 533-8896
Date of Certification Official Telephone Number
Page 87 Municipality Code 500344900000
TOWN OF LANSING
Notes to the Financial Statements
For the Fiscal Year Ended December 31, 2011
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 Reporting 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
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 Intermunicipal 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 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,and;
5) the authority's Board of Commissioners control fiscal management.
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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.
1. Fund Categories
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.
Special 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
Capital Projects 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&Agency-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 Capital Assets Account Group—used to account for land,buildings,
improvements other than buildings,and equipment utilized for general government
purposes,except those accounted for in proprietary funds.
2
The General Long-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 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 Groups—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 liabilities are
recorded at the par value of the principal amount: No liability is recorded for interest
payable to maturity
D. Property Taxes
County real property taxes are levied annually no later than December 3151 and become a lien on
January 1. Taxes are collected during the period January 1s1 to March 31s`. Taxes for county
purposes(apportioned to the area of the county outside of the City of Ithaca)are levied together
with 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 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. Budgetary Data
1. Budget Policies—The budget policies are as follows:
a. No later 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.
3
1 ,7 6
b. The tentative budget is submitted by the Town Clerk to the Town Board by October
5th 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`n
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 Equipment—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.
I. 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. Compensatory 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 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 Employment Benefits
In addition to providing pension benefits,the Town provides health insurance coverage 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.
Substantially all the Town's employees may become eligible for these health insurance benefits if
(after twenty years of employment with the Town and having been granted a bona-fide retirement
benefit from NYSERS). Health care benefits are provided through an insurance company whose
4
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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 24 active
employees.
II. Stewardship,Compliance,Accountability
A. Deficit Fund Balances
There were no deficit fund balances at the end of 2011.
III. 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 localities.
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 interest.
2. Changes in Capital Assets
A summary of changes in general capital assets follows:
Balance Balance
Type 12/31/10 Additions Deletions 12/31/11
Land $ 226,353 226,353
Improvements $ 262,160 262,160
Buildings $1,469,212 1,469,212
Machinery/
Equipment $4,224,293 +39,061 -679 4,262,675
TOTAL $6,182,018 +39,061 -679 $6,220,400
5
a
B. 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 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 State and Local Retirement
Systems,Gov.Alfred E. Smith State Office Building,Albany,NY 12244.
Funding Policy
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 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 actuarially determined rate. The
required contributions for the current year and two preceding years were:
ERS
2009 107,221
2010 165,985
2011 249,633
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
12/31/10 Additions Reductions 12/31/11
BANS $2,271,521 $0 $438,021 $1,833,500
On May 22,2008,a$533,000 BAN was borrowed to pay for Highway Equipment for the
Town of Lansing Highway Department. The 3rd installment,plus extra principal totaling
$434,021was paid on May 20,2011,to pay the BAN in full.
On June 18,2008,a$145,000 BAN was borrowed to pay for a Water District that was
created on Drake Road,in the Town of Lansing. The 3rd installment of$4,000 was paid
on June 17,2011.
6
Or
On August 12,2011,a$1,700,000 BAN was refinanced to pay for a Sewer District that
was created on Warren Road,in the Town of Lansing.
3. Long Term Debt
a. On December 31,2011 the total outstanding indebtedness of the Town Aggregated
$3,466,232. Of this amount,$1,666,100 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 long-term liabilities,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
12/31/10 Additions Reductions 12/31/11
Serial Bonds $1,645,000 +0 -690,000 $955,000
State Loan $ 747,060 +0 - 35,428 $711,632
$2,392,060 + -725,428 $ 1,666,632
d. Maturity Schedule- See Supplemental Section of Annual Update Document.
C. Fund Equity
1. Reserves
The Capital projects fund equity includes capital reserve funds established for the
following purposes:
Purpose Balance 12/31/2011
The Highway Fund(DA)equity includes capital reserve funds established for the
following purposes:
Highway Equipment $262,474.23
The General Fund(A)equity includes capital reserve funds established for the
following purposes:
Purpose Balance 12/31/2011
Excess Dog Control Revenues $ 10,100.76
Non-Recurring Repairs $ 122,092.13
Reserve for Park&Rec Equip $ 9,215.03
Technology $ 10,393.64
2. Prior Period Adjustments to Fund Balance
There were NO PRIOR PERIOD ADJUSTMENTS in 2011.
7
IV. Contingencies
1. The Town of Lansing was granted a New York Department of State Grant in the amount of
$76,800. We received$1,000 in 2006. The total grant is for$120,000,of which$43,200 is to be
used by another municipality. The funds are to be used for implementation of Cayuga Lake
Watershed protection projects.
2. 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 purchase the
development rights on the Bensvue Farm in the Town of Lansing. The award amount in Round
10 is$1,105,349;in Round 11 a Supplemental Request was made for an additional$252,788,for
a total of$1,358,137. Monies were received in December 2011.
The Town and Tompkins County have a signed Memorandum of Agreement describing the
responsibilities of each party and agreeing to be co-holders of the Conservation Easement on the
Bensvue Farm. The Town is covering out-of-pocket costs prior to reimbursement from
NYSDAM. These are estimated at$49,850 and include the Title Insurance,survey,appraisal,
legal fees,recording fees,baseline documentation report,and other administrative costs.
3. The Town of Lansing has secured funding for the construction of a municipal water supply CWD
Ext#1 from NYS Environmental Facilities Corporation in the amount of$832,910. The short
term note carries an interest rate of 2%. Annual principal and interest payments will be covered
by a special assessment tax to the property owners within the CWD Ext#1 boundaries over a 20
year period. Last year this debt was reported in Long Term Bonds,since then we have changed
it to State Loans. The balance due matches the amounts we have received,not our balance due.
The difference is monies held by the state awaiting approval. Revenues that were added in 2010
of$10,879.28 were ineligible for reimbursement,so$251.60 was posted as a negative Refund of
Prior Years Expenses.
4. 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 2012.
5. The Town of Lansing was awarded two grants from New York State Energy Research and
Development Authority(NYSERDA)for the Energy ARRA RFP 10 Energy Efficiency and
Improvements in 2010. The total grants were for$60,400 for personnel services and$55,168.20
for improvements. Most of the work for this project is completed,we are finalizing paperwork.
8