HomeMy WebLinkAboutAgenda 04-11-2022TOWN OF ITHACA
BUDGET COMMITTEE
Monday, April 11, 2022 - 12:00 p.m.
Join Zoom Meeting
https://us06web.zoom.us/j/5063713554
AGENDA
• Review and approve meeting minutes from March 21, 2022.
• Review and approve creating an investment account with NYCLASS.
• Discuss implementation of automatic payments for water and sewer bills.
• Discuss utilizing consolidated account codes for final budget.
• Other Items
Next Meeting: Monday, May 9, 2022 - 12:00 p.m.
1
BUDGET COMMITTEE
Meeting Minutes - March 21, 2022
Committee present: Pam Bleiwas, Rod Howe Committee absent: Eric Levine
Staff present: Donna Shaw, Judy Drake, John Little, Marty Mosely, Debby Kelley,
Meeting was called to order at 12:08 p.m.
AGENDA ITEMS:
Review and approve meeting minutes from February 14, 2022.
Moved: Pam Bleiwas Second: Rod Howe Motion Passed
Review and approve early payoff of 2015 Road Improvements Bond using DB Projected Fund
Balance.
Projected Fund Balance Report attached. This was discussed previously but looking for approval to
move a resolution forward to the Town Board to pay off $461,000 in 2015 Road Improvement debt
using fund balance. There is eight years left on this bond and the 2022 interest payment is $11,000.
Highway Part-Town (DB Fund) is projected to have $1,753,825 in fund balance over the
recommended 40% of budgeted expenditures. The potential uses identified for 2022-2024
includes: $461,000 for the 2015 bond payoff, $740,000 for Maple Ave/Judd Falls improvements in
2023, and $361,000 for the 2014 bond payoff. The Fund Balance Policy requires using excess fund
balance within two budget cycles. The Committee approved moving this recommendation to the
Town Board for approval.
There is an additional $1,239,000 in Water Improvement debt in the 2015 bond issue. This is being
reviewed by Fiscal Advisors for potential refunding with our next bond issue.
Review an additional IT Position.
The committee discussed funding a new IT position utilizing available funds in the budget for the IT
Intern position and the vacant Deputy Finance Officer position. There would still be $41,000
available in the Deputy Finance Officer position budget line after this move but it is not anticipated
that the position will be filled in the next couple of years. The 2023 and 2024 budgets will reflect
this change of un-funding the Deputy Finance Officer position and instead funding the new IT
position for that period. The Committee approved moving this position forward to Personnel and
Organization Committee and the Town Board for approval.
Review and recommend Common Property Tax Exemptions.
Summary information was shared with Committee regarding three new recommended property tax
exemptions:
RPTL Section 470: Green Buildings provides for partial exemption for improvements that meet one of
three levels of energy efficiency and environmental standards – phased over 7-10 years.
RPTL Section 421-f: Capital Improvements provides for exemption for improvements to one- and two-
family residential buildings with an annually declining percentage over eight years.
2
RPTL Section 485-g: Residential Subdivision Infrastructure provides for an exemption for
infrastructure intended to be dedicated to a municipality until there is a certificate of occupancy
granted.
There are also two exemptions that are already in place but just need income requirements increased
by $1,000 to be consistent with state requirements. RPTL Section 467 for persons 65 years of age or
older and RPTL Section 459c for persons with disabilities and limited incomes.
The Committee recommended moving these forward to the Town Board with a report from Jay
Franklin to discuss impacts.
Other Items.
The Taitem Engineering Energy Audit is under review by staff to plan which improvements to
tackle first and develop a phased plan over the next several years, as some of the improvements
are quite pricey. The initial strategy is to try to tackle lighting improvements for both Town Hall
and Public Works in 2022. This is estimated to cost $28,000 and if the funds can’t be found within
the existing budget, we would allocate General fund balance.
The Committee was supportive of spending $5,000 for an engineering study to determine the
feasibility of converting the 2nd floor space (over Town Court) to usable office space. This space
would either be rented to an outside entity or used for Town Hall staff – to be determined later.
The Committee was supportive of $42,000 in improvements to the Board Room to support future
Zoom and YouTube use for hybrid meetings. These improvements will include sixteen wireless
microphones, mixer boards, cabinet, and two cameras. The microphones would automatically
mute and unmute depending on who is speaking to cut down on background noise.
Recommendations will be going to the Town Board in April for use of ARPA funding. As previously
discussed, we will be recommending it be used on infrastructure.
The meeting was adjourned at 12:38 p.m.
Next Meeting: Monday, April 11, 2022 at 12:00 p.m., Town Hall - Aurora Room or Zoom
New Yor k Cooper at i v e L i qui d A ss et s Sec ur i t i es Sy st em
I s You r L oc al Gov er nm ent Ready t o Ri de t h e N ex t Wav e?
Back in 20 17, local gover nment invest ment pool (LGIP) par t ici pant s wer e exci t ed and r eady t o t ake
advant age of t he f ir st r ising int er est r at e envi r onment i n near ly a decade. Whi le t he Fed r ai sed r at es
once in December of 20 15 and again i n December of 20 16 , t hey began r apidly r ai si ng hist or i call y l ow
int er est r at es at t he st ar t of 20 17; by t he end of 20 18 , t he Fed had r aised r at es a t ot al of nine t i mes,
maki ng shor t -t er m invest or s happy wi t h mat er ial ly hi gher y iel ds on t heir i nvest ment s.
Unf or t unat ely, t he Fed r ever sed cour se in t he second half of 20 19 and i n Mar ch of 20 20 when t he
Feder al Open Mar ket Commi t t ee (FOMC) dr opped r at es by 15 0 basis point s at t he st ar t of t he
COVID-19 pandemi c. Thi s has ef f ect ivel y kept shor t -t er m r at es near zer o ever since in r esponse t o
t he r esul t i ng economic downt ur n.
But as t he economy cont inues t o show signs of r ecover y and t he Fed adopt s a mor e hawkish t one,
LGIP par t ici pant s ar e now well -posi t i oned t o t ake advant age of upcomi ng r i si ng r at es once again.
Given t he shor t aver age mat ur it y of pool i nvest ment s, LGIP y iel ds can adj ust r apidly and pr ovide a
cur r ent mar ket r at e. As hol dings in an LGIP mat ur e, f und management invest s t hese pr oceeds int o
hi gh y iel ding secur it ies t hus pr ovidi ng i nvest or s wit h a mor e cur r ent (and hi gher ) mar ket r at e. Many
LGIPs per f or med ver y wel l dur i ng t he l ast r ising r at e envir onment , closely mi r r or ing t he cur r ent Fed
Funds Rat e at t hat t i me and well above bank deposit r at es.
One r ef er ence r at e t hat i nvest or s use t o det er mine how LGIP y ields wil l behave is t he Fed Funds
Rat e; t his i s t he int er est r at e at which banks and ot her deposit or y inst i t ut i ons lend money t o each
ot her, usual ly on an over ni ght basi s. It i s an excel lent benchmar k f or shor t -t er m i nt er est r at es.
Unl ike bank deposi t pr oduct s,
st abl e net asset val ue LGIPs
qui ckly adjust t o upwar d
movement s i n mar ket i nt er est
r at es. The char t t o t he r i ght
shows t he gr owt h of t he Fed
Funds Rat e dur ing t he last
r i si ng r at e envir onment when
t he Fed Funds Rat e moved
f r om appr oxi mat ely 0 .5 0 % t o
almost 2.5 0 % over t he cour se
of t wo year s. Conver sel y,
var ious bank deposi t r at es
onl y moved f r om about
0 .0 0 % t o appr oximat el y
0 .25% over t he same per iod.
Source: FDIC, Federal Reser ve Economic Dat a, & Public Tr ust Advisor s, LLC.
New Yor k Cooper at i v e L i qui d A ss et s Sec ur i t i es Sy st em
Whil e no one can say f or sur e when shor t -t er m i nt er est r at es wi ll begin t o r ise, t he FOMC r ecent l y
announced it wi ll end i t s asset -pur chase pr ogr am in Mar ch of t hi s year. Wit h inf lat ion st i ll r unning
wel l above t he Fed?s 2.0 0 % t ar get and t he labor mar ket near i ng f ul l employ ment , t he mar ket
cur r ent ly expect s t he f i r st r at e hi ke t o occur i n Mar ch wit h t he expect at ion of f our t o f ive r at e
incr eases in 20 22.
Now i s a gr eat t i me t o st ar t t he di scussi on wi t h deci si on maker s at y our l ocal gov er nm ent about
i nvest i ng i n an LGIP so y our ent i t y can t ake advant age of t he nex t r i si ng r at e env i r onment .
For mor e inf or mat ion on how t o best navi gat e your ent i t y ?s por t f ol io i n a r i si ng int er est r at e
envir onment , please cont act t he NYCLASS Rel at i onshi p Team!
Many fact or s affect per for mance including changes in mar ket condit ions and int erest rat es and in response t o ot her economic, polit ical, or f inancial development s.
Invest ment involves r isk including t he possible loss of pr incipal. No assurance can be given t hat t he per for mance object ives of a given st rat egy will be achieved. This is an
example of a pr ior r ising rat e envir onment and may not be an accurat e depict ion of a f ut ure r ising rat e environment . Past per f or mance is no guar ant ee of f ut ur e result s.
Any f inancial and/or invest ment decision may incur losses. All comment s and discussion present ed are purely based on opinion and assumpt ions, not fact . These
assumpt ions may or may not be cor rect based on for eseen and unf oreseen event s.
J oel Fr iedman
Regional Dir ect or
joel.f r iedman@newyor kclass.or g
(6 4 6 ) 28 5 -328 0
Kat hy Sav i l l e
Regional Dir ect or
kat hy.saville@newyor kclass.or g
(716 ) 4 74 -4 369
Ly n Der way
Regional Dir ect or
lyn.der way@newyor kclass.or g
(5 18 ) 30 7-0 30 2
What i s NYCL A SS?
New Yor k Cooper at ive Liquid Asset s Secur i t ies Syst em
(NYCLASS) i s a shor t -t er m, li qui d i nvest ment f und designed
speci f ically f or t he publi c sect or. NYCLASS pr ovides t he
oppor t unit y t o i nvest f unds on a cooperat i ve basi s in
shor t -t er m invest ment s t hat ar e car ef ul ly chosen t o y ield
f avor able r et ur ns whi le st r i ving t o pr ovide maximum saf et y
and liquidit y.
Who ov er sees and manages NYCL A SS?
In accor dance wit h New Yor k St at e GML Ar t icle 3-A Sect ion
4 4 , t he Municipal Cooperat i on Agr eement i s administ rat ed
by an elect ed Gover ni ng Boar d (t he Boar d) of up t o 15
member s. A Boar d member must be eit her a Par t icipant ?s
Chief Fi scal Of f i cer, anot her desi gnat ed of f icer, or empl oyee
of t he Par t ici pant who has knowledge and exper t ise in
f inancial mat t er s. The Boar d r et ai ns t he ser vi ces of Public
Tr ust Advisor s, LLC (Publi c Tr ust ) l ocat ed in Denver. Public
Tr ust ser ves as t he invest ment advisor and pr ovi des
administ r at ive and mar ket ing ser vices f or NYCLASS.
How can y ou par t i ci pat e i n NYCL A SS?
Enr ol li ng in NYCLASS is simple. Af t er r eading t he Municipal
Cooper at ive Agr eement and Inf or mat i on St at ement
(availabl e at www.newyor kclass.or g), f oll ow t hese st eps:
Wh at Feat u r es Does
N YCL A SS Of f er ?
A s a NYCL A SS Par t i ci pant , you have
access t o m any conveni ent f eat ur es:
-Same-day avail abil it y of f unds
12:0 0 p.m. ET cut -of f
-Deposit s by wir e or ACH
-Secur e onl ine access f or
t r ansact ions and account
st at ement s
-Pr of essionall y managed por t f ol io
-Compet i t i ve dail y y i elds
-Unli mi t ed subaccount s
-No mi ni mum balance
r equi r ement s
-No t r ansact ion f ees*
-Audi t ed annual ly by an
independent audit ing f i r m**
-Dir ect deposit of st at e and
f eder al payment s
-Dedicat ed cl ient ser vi ce
r epr esent at ives avai labl e via
phone, f ax, or emai l on any
busi ness day
*You may incur fees associat ed wit h wires and/or ACH t ransact ions by your bank, but t here will be no f ees char ged f rom NYCLASS f or such t ransact ions. **Ext er nal audit s
may not cat ch all inst ances of account ing er ror s and do not pr ovide an absolut e guarant ee of accuracy.
2529 Rout e 52, Suit e 20 2 Hopewell J unct ion, NY 12533 | (8 55 ) 8 0 4 -9 9 8 0 | www.newyor kclass.org | client ser vices@newyor kclass.org
New Yor k Cooper at i v e L i qu i d A s set s Secur i t i es Sy st em
Pass a r esol ut ion appr ovi ng t he NYCLASS Municipal
Cooper at ive Agr eement .
1
Compl et e t he NYCLASS Regi st r at ion For m. 2
Submit t he above document s t o NYCLASS Cl ient
Ser vices.
3
Af t er we r evi ew and appr ove t he above
document s, you wil l r ecei ve conf ir mat ion t hat you
have been accept ed as a NYCLASS Par t icipant .
4
Saf et y
Besides invest ing public-sect or f unds only i n secur it ies
legal ly per mit t ed under New Yor k law, an emphasis on
saf et y has helped NYCLASS ear n S&P Global Rat ings
hi ghest money mar ket r at ing: 'AAAm.' The cust odian f or
all NYCLASS cash and secur it ies is U.S. Bank. Addi t ional ly,
NYCLASS has an annual audi t by an i ndependent , out side
audit ing f ir m. Onl y designat ed of f icials may conduct
t ransact ions, and f unds may be t ransf er r ed only t o
pr evi ousl y aut hor ized bank account s.
L i qui di t y
Par t icipant s may conduct t ransact i ons (deposit s,
wit hdrawals, or t r ansf er s) on any business day. All
por t f oli o i nvest ment s ar e car ef ully select ed t o ensur e t hat
cash is availabl e whenever needed. Ther e i s never a
penalt y f or wit hdr awal s of invest ed f unds incl uding all
accr ued i nt er est . Ther e ar e no limit s on t he dollar amount
or number of daily t ransact i ons except t hat t ot al dail y
wit hdrawals may not exceed t he t ot al balance on deposit .
Ther e is no minimum balance or t r ansact ion si ze
r equir ement .
Conveni ence
To make cash management simple and ef f icient , NYCLASS
incl udes many f eat ur es t hat make it easy t o access
account inf or mat ion and simplif y r ecor d keeping.
Par t icipant s may make account t ransact i ons on any
business day using t he NYCLASS phone number
(8 5 5 ) 8 0 4 -9 9 8 0 , f ax number (8 5 5 ) 8 0 4 -9 9 8 1, email
(cli ent ser vices@newyor kclass.or g), or via t he NYCLASS
Online Tr ansact ion Por t al at www.newyor kclass.or g.
Fl exi bi l i t y
You may est ablish mult ipl e NYCLASS account s t o t r ack
and par allel your own int er nal f und account ing st r uct ur es.
You will r eceive compr ehensive mont hly st at ement s
online or vi a email t hat show all of your t ransact ion
act ivit y, int er est post ings, and r at e summar ies. These
st at ement s have been specif ically designed t o f acili t at e
public-sect or f und account i ng and t o est abli sh a cl ear
account i ng and audit t r ai l f or your invest ment r ecor ds.
Compet i t i ve Ret ur ns
NYCLASS Par t icipant s can benef it f r om t he pr of essional
invest ment exper t ise pr ovided by Publ ic Tr ust .
Par t icipant s in t he NYCLASS f und can t ake advant age of
economies of scale r elat ive t o pur chasing power,
t r ansact ion, and clearance cost s as wel l as cust ody
ar r angement s. Overall por t f ol io per f or mance is enhanced
by t he dif f er ent cash f low cycles of t he var ious
Par t icipant s.
Legal i t y
NYCLASS onl y invest s i n i nvest ment s legally per mi t t ed
under New Yor k St at e Law.
What ar e t he obj ect i v es of NYCL A SS?
Any financial and/or invest ment decision should be made only after considerable research, considerat ion, and involvement wit h an experienced prof essional engaged for t he specific pur pose. Past per f or mance is not an indicat ion of f ut ure
per f or mance. Any f inancial and/or invest ment decision may incur l osses. A 'AAAm' rat ing by S&P Global Rat ings is obt ained af t er S&P evaluat es a number of factors including credit qualit y, market pr ice exposure, and management.
Rat ings are subject t o change and do not remove credit risk. For more inf or mat ion on rat ing met hodologies, visit www.spglobal.com.
Hav e Quest i on s? Cont act us or visit www.newyor kclass.or g f or mor e inf or mat ion.
J oel Fr i edman
Regional Dir ect or, Mar ket ing
joel.f r iedman@newyor kclass.or g
(6 4 6 ) 28 5 -328 0
Ly n Der way
Regional Dir ect or, Mar ket ing
lyn.der way @newyor kcl ass.or g
(5 18 ) 30 7-0 30 2
Kat hy Sav i l l e
Regional Direct or, Mar ket ing
kat hy.savil le@newyor kclass.or g
(716 ) 4 74 -4 369
New Yor k Cooper at i v e L i qu i d A ss et s Sec u r i t i es Sy s t em
Rober t Wheeling, Chair per son
Dist r ict Tr easur er
Howells Fir e
Timot hy Hi l ker, Vice Chair per son
Asst . Supt . f or Business
Sar at oga Spr ings Cit y School
Dist r ict
Lor i Queor, Lead Agent
Village Cler k-Tr easur er
Village of Pot sdam
Dav i d Gl eason
Execut ive Dir ect or
Gr ace Chan
Asst . Supt . f or Business
Lindenhur st UFSD
J ohn Gior dano
Village Administ r at or
Village of Lynbr ook
Donna Ly udmer
Tr easur er
Village of Salt air e
Kar en Magar a
Asst . Supt . f or Finance & Ops.
Salamanca Cit y CSD
Kar en McLaughli n
Village Tr easur er
Village of Rhinebeck
Glor ia Menout is
School Busi ness Of f icial
Nyack UFSD
Debor ah Rut t
Tr easur er
Por t J er vis Cit y School Dist r ict
Pat r ick Schmit t
Count y Tr easur er
Wayne Count y
Ni ck Si l var ol i
Asst . Supt . of Schools
Pioneer CSD
A bbas Sura
Dir ect or of Finance
Town of Nor t h Cast le
St ephen Ti bbet t s
Asst . Supt . f or Business
Sout her n West chest er BOCES
Bar r y Yet t e
Business Administ r at or
Sout h Lewis CSDNYCLASS welcomes all municipal cor porat ions wi t hout
f avor t o one t ype. The Boar d member shi p r epr esent s t he
diver sit y of such ent it ies and wor ks t o maint ain a pr oduct
t hat ser vi ces t he needs of all New Yor k muni ci pal
cor por at ions.
The NYCLASS por t f oli o di st r i but ion st rat egy f ocuses
on minimizing mar ket r isk and enhanci ng saf et y via
diver si f i ed invest ment s. Funds of t he Par t icipant s ar e
i nvest ed in pr ime or high gr ade, shor t -t er m f ixed
i ncome inst r ument s as il lust r at ed t o t he lef t .
Invest ment holdings ar e collat er alized as r equir ed by
New Yor k St at e Gener al Munici pal Law.
NYCLASS i s a local gover nment i nvest ment pool t hat allows municipal
cor por at ions, such as your self, t o pool f unds t oget her t o col lect ively ear n
i nt er est on invest ment s. Our philosophy i s, and has always been, t o pr ovide
compet it ive r et ur ns whi le adher ing t o all object ives of saf et y and liquidi t y.
NYCLASS car r ies a 'AAAm' r at ing f r om S&P Global Rat ings.
Par t i c i pant Br eakdown by Ent i t y Ty pe*
Por t f ol i o Di st r i but i on*
Mor e t h an 7 8 0
Par t i c i pan t s *
Cont ac t u s t o get s t ar t ed!
www.newyor kclass.or g
Source: Public Tr ust Advisor s® *Dat a as of December 31, 20 21. Dat a unaudit ed. Char t s may not equal 10 0 % due t o r ounding. Invest ment involves r isk including t he possible loss of pr incipal. No
assurance can be given t hat t he per for mance object ives of a given st rat egy will be achieved. A 'AAAm' rat ing by S&P Global Rat ings is obt ained af t er S&P evaluat es a number of fact ors including credit
quality, market pr ice exposure, and management . Rat ings are subject t o change and do not remove credit risk. For more inf or mat ion on rat ing met hodology, please visit www.spglobal.com. Past
per f or mance is no guarant ee of f ut ure r esult s. Any f inancial and/or invest ment decision may incur losses.
NYCL A SS Gover ni ng Boar d
Regi s t r at i on Pac k et
717 17th Street, Suite 1850
Denver, Colorado 80202
T (855) 804-9980
F (855) 804-9981
clientservices@newyorkclass.org
www.newyorkclass.org
1
Welcome to NYCLASS
We believe you have made a sound financial decision in choosing New York Cooperative Liquid Assets
Securities System (NYCLASS). We look forward to being your trusted provider and are excited to connect
with you to make your investment process a positive, easy experience.
This packet contains all the materials necessary to set up your NYCLASS account(s). If you have any
questions about the registration process or about your NYCLASS account(s), please do not hesitate to
contact us. The NYCLASS Client Service team can be reached any business day from 8:00 a.m. to 5:00 p.m.
ET by phone at (855) 804-9980 or by email at clientservices@newyorkclass.org.
Thank you for choosing NYCLASS!
717 17th Street, Suite 1850
Denver, Colorado 80202
T (855) 804-9980
F (855) 804-9981
clientservices@newyorkclass.org
www.newyorkclass.org
2
Registration Procedures
To join NYCLASS, please complete the following:
1) Read the Municipal Cooperation Agreement (located in the Document Center at www.newyorkclass.org).
2) Pass the resolution authorizing participation in NYCLASS (page 3).
3) Complete the Entity Registration (page 4).
4) Complete the Authorized Contacts Form (pages 5/6).
5) Complete the Accounts to be Established Form (page 7); you may open as many accounts as you wish.
6) Keep the original forms for your records and send the completed packet to the NYCLASS Client Service
team by fax (855) 804-9981 or by email clientservices@newyorkclass.org.
Questions? Please contact us; we would love to hear from you:
NYCLASS Client Service Team
T (855) 804-9980
clientservices@newyorkclass.org
Through the NYCLASS website, www.newyorkclass.org, Participants will be regularly informed of important
program information, holidays, upcoming Board meetings, Participant events, conferences, and more.
Governing Board meetings, which are open to the public, are generally held quarterly and discuss relevant
issues to the governance and operations of the NYCLASS program.
717 17th Street, Suite 1850
Denver, Colorado 80202
T (855) 804-9980
F (855) 804-9981
clientservices@newyorkclass.org
www.newyorkclass.org
3
Now, therefore, it is hereby resolved as follows:
That ________________________________, ________________________________ of
___________________________ ___ is hereby authorized to participate in the NYCLASS program under
the terms of the NYCLASS Municipal Cooperation Agreement Amended and Restated as of March 28, 2019.
Key Contact Signature Title
Printed Name Date
*The key contact on an account is the main point of contact for an entity. They receive voting credentials for Governing Board elections
and all other important communications.
Key Contact* Title
Entity Name
___
needs of their funds;
Entity Name
WHEREAS the ________________________________ wishes to satisfy the safety and liquidity
Cooperation Agreement Amended and Restated as of March 28, 2019;
investment funds in cooperation with other corporations and/or districts pursuant to the NYCLASS Municipal
Entity Name
WHEREAS the ________________________________ wishes to invest portions of its available
respective functions, powers, and duties on a cooperative or contract basis;
cancel, and terminate agreements for the performance among themselves (or one for the other) of their
cooperative educational services, counties, cities, towns and villages, and districts] to enter into, amend,
municipal corporations [defined in Article 5-G, Section 119-n to include school districts, boards of
WHEREAS, New York General Municipal Law, Article 5-G, Section 119-o (Section 119-o) empowers
Municipal Cooperation Resolution
717 17th Street, Suite 1850
Denver, Colorado 80202
T (855) 804-9980
F (855) 804-9981
clientservices@newyorkclass.org
www.newyorkclass.org
4
Fund Registration
Entity Information
Entity Name (Participant)
Entity Type: City/Town/Village County School District Fire District
Other (Specify)
Mailing Address
City Zip County
Physical Address (if different than above)
City Zip County
Tax ID Fiscal Year End Date (Month/Day)
NYCLASS is hereby authorized to honor any telephoned, faxed, or electronic request believed to be authentic for
withdrawal of funds from the pool. The withdrawal proceeds can be sent only to the bank(s) indicated below unless
changed by written instructions. Each local government is responsible for notifying the pool of any changes to its
account.
Wires are generally distributed between 12:00 and 1:00 p.m. ET; distribution times are subject to change as needed
by the NYCLASS Administrator.
Banking Information
Bank Name Bank Routing Number (ABA)
Account Title Account Number
Bank Contact Contact’s Phone Number
Wire ACH Both
Additional Banking Information (Optional)
Bank Name Bank Routing Number (ABA)
Account Title Account Number
Bank Contact Contact’s Phone Number
Wire ACH Both
717 17th Street, Suite 1850
Denver, Colorado 80202
T (855) 804-9980
F (855) 804-9981
clientservices@newyorkclass.org
www.newyorkclass.org
5
Authorized Contacts
Authorized Signers Can: Read-Only Users Can
Approve changes to the Investor Profile
Update banking/contact information
Transfer funds
Receive account updates
Key Contact and Authorized Signer
Print First and Last Name Title
Signature Required Phone
Email Fax
Email Notifications Online Account (email required)
Monthly Statements Online User Access
Transaction Confirmations
Additional Contact (Optional)
Print First and Last Name Title
*(Signature Required if Authorized Signer) Phone
Email Fax
Permissions (check one only) Email Notifications Online Account (email required)
Authorized Signer to Move Funds* Monthly Statements Online User Access
Read-Only Access Transaction Confirmations
Additional Contact (Optional)
Print First and Last Name Title
*(Signature Required if Authorized Signer) Phone
Email Fax
Permissions (check one only) Email Notifications Online Account (email required)
Authorized Signer to Move Funds* Monthly Statements Online User Access
Read-Only Access Transaction Confirmations
transaction confirmations
Request “view-only” access to monthly statements and
Receive account updates
717 17th Street, Suite 1850
Denver, Colorado 80202
T (855) 804-9980
F (855) 804-9981
clientservices@newyorkclass.org
www.newyorkclass.org
6
Authorized Contacts (cont.)
Additional Contact (Optional)
Print First and Last Name Title
*(Signature Required if Authorized Signer) Phone
Email Fax
Permissions (check one only) Email Notifications Online Account (email required)
Authorized Signer to Move Funds* Monthly Statements Online User Access
Read-Only Access Transaction Confirmations
Additional Contact (Optional)
Print First and Last Name Title
*(Signature Required if Authorized Signer) Phone
Email Fax
Permissions (check one only) Email Notifications Online Account (email required)
Authorized Signer to Move Funds* Monthly Statements Online User Access
Read-Only Access Transaction Confirmations
Additional Contact (Optional)
Print First and Last Name Title
*(Signature Required if Authorized Signer) Phone
Email Fax
Permissions (check one only) Email Notifications Online Account (email required)
Authorized Signer to Move Funds* Monthly Statements Online User Access
Read-Only Access Transaction Confirmations
717 17th Street, Suite 1850
Denver, Colorado 80202
T (855) 804-9980
F (855) 804-9981
clientservices@newyorkclass.org
www.newyorkclass.org
7
Accounts to be Established
Entity Name:
Desired Subaccount Name(s)*:
(To be completed by Participant)
email, please first check your junk or spam folder before calling the NYCLASS Client Service team at (855) 804-9980.
email with your login credentials. If you do not receive your login credentials from the clientservices@newyorkclass.org
Once your NYCLASS account has been established, you will receive a confirmation email followed by an overnight
*Name must be limited to 40 characters
717 17th Street, Suite 1850
Denver, Colorado 80202
T (855) 804-9980
F (855) 804-9981
clientservices@newyorkclass.org
www.newyorkclass.org
8
How did you hear about NYCLASS?
NYCLASS Representative: _________________________
Referral by: _______________________________________
NYCLASS Website
Email Marketing
Google Search
Other: ___________________________________________
Internal Use Only:
Date: ___________________________ Investor ID: ___________________________
Draft Procedure
Optional Automatic Payments for Water and Sewer Bills
We have had many requests from customers for an automatic payment option for water and sewer.
The current billing system doesn’t provide this option, but we have realized an option through the Trust
Company. This would be a voluntary option for the customer.
An ACH template would be created in the Trust Company Treasury Management system. This template
would be updated quarterly to add or delete customers and to update the current billed amount. This
template is currently being utilized for payroll direct deposits. The billing template would debit the
customer’s account and credit the Town account – basically the opposite from payroll direct deposit.
A signed authorization form would be required from the customer. This form would include the
customers bank information and an acknowledgement that the quarterly billed amount would be
debited between the 5th and the 10th of the month (March, June, September, and December). The form
also acknowledges a $25 fee for payments returned by the bank.
A separate Town bank account will be created to isolate the payment and any subsequent returns.
Customer accounts will be credited in Williamson by the 15th of the month, giving time to adjust for any
returned payments.
DEPARTMENT OF FINANCE
215 N. Tioga St 14850
607.273.1721
www.town.ithaca.ny.us
ACH Debit Authorization
This will serve as permission for the Town of Ithaca to begin electronically debiting your bank account
via the Automated Clearing House (ACH) for payment of your quarterly water and sewer bills. Your
account will be debited between the 5th and 10th of March, June, September, and December for the full
amount of that quarterly bill. Any payments returned by the bank will be subject to a $25 fee.
This arrangement is voluntary and can be cancelled at any time with 10 days written notice to the Town.
Financial Institution Name ______________________________________________________
Account Number at Financial Institution ___________________________________________
Checking account or savings account ______________________________________________
Financial Institution Routing Number ______________________________________________
Authorized Signature ___________________________________________________________
Date_________________________________________________________________________
Please attach a voided check.
DEPARTMENT OF FINANCE
215 N. Tioga St 14850
607.273.1721
www.town.ithaca.ny.us
TO: Budget Committee
FROM: Donna Shaw
SUBJECT: Adopted Budget Format
DATE: April 6, 2022
As you know, the Town budget includes extensive line-item detail. The current budget breaks down
each department’s contractual expenses to up to twenty different line items including consultant,
telephone, postage, conferences & mileage, dues, etc. The Town Board must approve any budget
modifications which creates a lot of work when we pass a budget with that much detail. The NYS
Comptroller only requires three broad categories for personal services, equipment, and contractual
expenses for each department.
I would like to propose that we use the broad categories for the final adopted budget, while keeping the
detailed line items for review of the tentative and preliminary budgets. We would also keep the
detailed line items for everyday accounting purposes. This change would give management staff more
flexibility and eliminate the need for many of the budget amendments since the official budget would
use the broad categories.
I have attached DB Fund as an example of the current detail versus proposed.
TOWN OF ITHACA
HIGHWAY PART-TOWN FUND 2022 BUDGET
APPROPRIATIONS:
EXPENDED
ACCOUNT ACCOUNT DESCRIPTION THRU 6/2021
GENERAL GOVERNMENT SUPPORT
INDEPENDENT AUDITING
CONTRACTUAL EXPENSE
DB1320.401 AUDITING SERVICES 3,601 3,601 3,500 2,154 3,500 3,500
TOTAL CONTRACTUAL EXPENSE 3,601 3,601 3,500 2,154 3,500 3,500
TOTAL - INDEPENDENT AUDITING 3,601 3,601 3,500 2,154 3,500 3,500
LEGAL SERVICES
CONTRACTUAL EXPENSE
DB1420.402 LEGAL SERVICES 4,899 4,725 5,000 0 5,000 5,000
TOTAL CONTRACTUAL EXPENSE 4,899 4,725 5,000 0 5,000 5,000
TOTAL - LEGAL SERVICES 4,899 4,725 5,000 0 5,000 5,000
CENTRAL COMMUNICATIONS SYSTEMS
CONTRACTUAL EXPENSE
DB1650.415 TELEPHONE SYSTEM 15,000 13,572 15,000 5,889 8,500 8,500
TOTAL CONTRACTUAL EXPENSE 15,000 13,572 15,000 5,889 8,500 8,500
TOTAL - CENTRAL COMMUNICATIONS SYSTEMS 15,000 13,572 15,000 5,889 8,500 8,500
CENTRAL STOREROOM
CONTRACTUAL EXPENSE
DB1660.404 GENERAL OFFICE SUPPLIES 500 0 500 0 500 500
TOTAL CONTRACTUAL EXPENSE 500 0 500 0 500 500
TOTAL - CENTRAL STOREROOM 500 0 500 0 500 500
CENTRAL PRINT & MAIL
CONTRACTUAL EXPENSE
DB1670.405 COPIER PAPER 200 0 200 0 200 200
DB1670.408 POSTAGE 400 294 400 134 400 400
DB1670.437 XEROX PRINTERS/COPIERS 5,300 4,619 5,600 1,674 1,250 1,250
TOTAL CONTRACTUAL EXPENSE 5,900 4,913 6,200 1,808 1,850 1,850
TOTAL - CENTRAL PRINT & MAIL 5,900 4,913 6,200 1,808 1,850 1,850
INFORMATION TECHNOLOGY
EQUIPMENT/CAPITAL OUTLAY
DB1680.291 HARDWARE & EQUIPMENT 0 0 0 0 0 0
TOTAL EQUIPMENT/CAPITAL OUTLAY 0 0 0 0 0 0
CONTRACTUAL EXPENSE
DB1680.400 CONTRACTUAL 12,295 11,899 10,565 7,079 0 0
DB1680.490 NETWORK SUPPORT 4,713 4,713 2,800 0 0 0
DB1680.491 HARDWARE & EQUIPMENT 6,410 5,193 8,430 9,593 0 0
DB1680.492 SOFTWARE 2,000 664 0 2,612 12,960 12,960
DB1680.494 MAINTENANCE & REPAIRS 500 27 500 76 0 0
DB1680.496 INTERNET SVC/DARK FIBER 3,725 0 0 27 0 0
DB1680.497 TOOLS & SUPPLIES 1,912 1,911 500 0 250 250
TOTAL CONTRACTUAL EXPENSE 31,555 24,407 22,795 19,387 13,210 13,210
TOTAL - INFORMATION TECHNOLOGY 31,555 24,407 22,795 19,387 13,210 13,210
SPECIAL ITEMS
CONTRACTUAL EXPENSE
DB1910.439 LIABILITY INSURANCE 38,000 24,460 28,000 28,860 30,000 30,000
TOTAL CONTRACTUAL EXPENSE 38,000 24,460 28,000 28,860 30,000 30,000
TOTAL - SPECIAL ITEMS 38,000 24,460 28,000 28,860 30,000 30,000
TOTAL - GENERAL GOVERNMENT SUPPORT 99,455 75,678 80,995 58,098 62,560 62,560
DB-2
BUDGET
2022
EXPENDED BUDGET
2021
RECOMMENDED
20222020
BUDGET
2020
Current
APPROPRIATIONS:
EXPENDED
ACCOUNT ACCOUNT DESCRIPTION THRU 6/2021
TRANSPORTATION
GENERAL REPAIRS
PERSONAL SERVICES
DB5110.100 REGULAR 267,743 168,094 243,600 107,876 224,400 224,400
DB5110.101 DEPUTY HIGHWAY SUPERINTENDENT 79,207 79,206 80,400 35,713 82,500 82,500
DB5110.102 OVERTIME 4,500 2,859 4,500 513 3,500 3,500
TOTAL PERSONAL SERVICES 351,450 250,160 328,500 144,102 310,400 310,400
CONTRACTUAL EXPENSE
DB5110.450 PETROLEUM PRODUCTS 22,500 7,849 22,500 7,245 26,625 26,625
DB5110.453 ROAD REPAIRS 200,000 99,281 200,000 23,142 150,000 150,000
DB5110.459 TOOLS & EQUIPMENT 12,000 5,535 12,000 2,340 15,000 15,000
TOTAL CONTRACTUAL EXPENSE 234,500 112,665 234,500 32,727 191,625 191,625
TOTAL - GENERAL REPAIRS 585,950 362,825 563,000 176,829 502,025 502,025
PERMANENT IMPROVEMENTS
PERSONAL SERVICES
DB5112.100 REGULAR 49,450 14,531 40,600 27,609 30,600 30,600
DB5112.102 OVERTIME 5,000 1,538 5,000 236 2,500 2,500
TOTAL PERSONAL SERVICES 54,450 16,069 45,600 27,845 33,100 33,100
CONTRACTUAL EXPENSE
DB5112.450 PETROLEUM PRODUCTS 22,500 10,863 22,500 7,689 26,625 26,625
DB5112.453 ROAD REPAIRS 200,000 200,000 200,000 110 200,000 200,000
DB5112.459 TOOLS & EQUIPMENT 10,000 1,346 5,000 1,045 0 0
TOTAL CONTRACTUAL EXPENSE 232,500 212,209 227,500 8,844 226,625 226,625
CAPITAL PROJECTS
DB5112.500 CAPITAL PROJECTS 0 0 0 0 755,000 755,000
DB5112.539 SAND BANK ROAD IMPROVEMENTS 0 0 300,000 2,083 0 0
DB5112.546 LOWER BUNDY ROAD IMPROVEMENTS 63,739 63,739 0 0 0 0
DB5112.547 POOLE ROAD IMPROVEMENTS 0 0 0 0 0 0
DB5112.548 WINTHROP / WARREN IMPROVEMENTS 186,261 0 0 0 0 0
DB5112.549 MURIEL / ROSEHILL - OVERLAY 0 0 170,000 0 0 0
DB5112.550 WINSTON / SALEM - OVERLAY 0 0 200,000 0 0 0
DB5112.551 BIRCHWOOD / SYCAMORE 0 0 80,000 0 0 0
TOTAL CAPITAL PROJECTS 250,000 63,739 750,000 2,083 755,000 755,000
TOTAL - PERMANENT IMPROVEMENTS 536,950 292,017 1,023,100 38,772 1,014,725 1,014,725
MACHINERY
PERSONAL SERVICES
DB5130.100 REGULAR 131,170 131,170 120,300 61,283 102,744 102,744
DB5130.102 OVERTIME 7,193 7,193 2,500 4,668 1,000 1,000
TOTAL PERSONAL SERVICES 138,363 138,363 122,800 65,951 103,744 103,744
EQUIPMENT/CAPITAL OUTLAYDB5130.200 CAPITAL EQUIPMENT 0 0 0 0 0 0
DB5130.200 CAPITAL EQUIPMENT 15,000 14,177 0 0 16,000 16,000
DB5130.270 VEHICLES / VANS 0 0 0 0 0 0
DB5130.272 MEDIUM-DUTY TRUCK 0 0 32,500 0 57,500 57,500
DB5130.273 LIGHT-DUTY TRUCK 41,600 41,599 20,000 0 21,250 21,250
DB5130.274 LOADERS & BACKHOES 0 0 0 0 137,500 137,500
DB5130.275 EXCAVATING EQUIPMENT 200,036 139,317 25,000 14,259 42,500 42,500
DB5130.276 PARK & TURF EQUIPMENT 9,000 4,304 9,250 3,818 9,500 9,500
DB5130.277 LEAF & BRUSH EQUIPMENT 0 0 0 0 0 0
DB5130.278 SPECIALTY EQUIPMENT 0 0 0 0 80,000 80,000
DB5130.279 MISCELLANEOUS EQUIPMENT 1 1 7,250 2,376 4,000 4,000
TOTAL EQUIPMENT/CAPITAL OUTLAY 265,637 199,399 94,000 20,453 368,250 368,250
CONTRACTUAL EXPENSE
DB5130.450 OIL, GREASE AND FLUIDS 10,000 5,339 10,000 2,658 8,000 8,000
DB5130.451 VEHICLE MAINTENANCE & REPAIRS 37,911 35,470 95,000 27,694 95,000 95,000
DB5130.459 TOOLS & EQUIPMENT 21,500 9,818 21,500 3,779 15,000 15,000
TOTAL CONTRACTUAL EXPENSE 69,411 50,627 126,500 34,131 118,000 118,000
TOTAL - MACHINERY 473,411 388,388 343,300 120,535 589,994 589,994
DB-3
RECOMMENDED
2022
BUDGETEXPENDEDBUDGET
2021 20222020
BUDGET
2020
APPROPRIATIONS:
EXPENDED
ACCOUNT ACCOUNT DESCRIPTION THRU 6/2021
BRUSH & WEEDS
PERSONAL SERVICES
DB5140.100 REGULAR 118,750 89,895 111,650 43,858 112,200 112,200
DB5140.102 OVERTIME 2,000 563 2,000 262 1,000 1,000
DB5140.110 REGULAR BENEFIT TIME 146,789 146,789 79,800 63,657 75,600 75,600
TOTAL PERSONAL SERVICES 267,539 237,246 193,450 107,777 188,800 188,800
CONTRACTUAL EXPENSE
DB5140.400 CONTRACTUAL 15,000 3,542 15,000 2,000 25,000 25,000
DB5140.410 CONFERENCES & MILEAGE 400 0 400 0 400 400
DB5140.425 APPRENTICESHIP PROGRAM 13,750 13,750
DB5140.440 PERSONAL PROTECTIVE EQUIPMENT 14,280 11,080 14,280 8,105 14,300 14,300
DB5140.459 TOOLS & EQUIPMENT 5,500 4,575 5,500 730 4,500 4,500
TOTAL CONTRACTUAL EXPENSE 35,180 19,197 35,180 10,835 57,950 57,950
TOTAL - BRUSH & WEEDS 302,719 256,443 228,630 118,612 246,750 246,750
TOTAL - TRANSPORTATION 1,899,030 1,299,672 2,158,030 454,748 2,353,494 2,353,494
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS
DB9010.800 NYS RETIREMENT 95,000 90,410 115,000 0 75,000 75,000
DB9030.800 SOCIAL SECURITY 66,853 66,852 53,000 25,986 49,000 49,000
DB9040.800 WORKERS COMPENSATION 49,574 36,063 50,000 34,041 50,000 50,000
DB9045.800 LIFE INSURANCE 1,800 1,455 1,350 562 1,250 1,250
DB9050.800 UNEMPLOYMENT INSURANCE 10,000 372 3,900 0 3,600 3,600
DB9055.800 DISABLILTY INSURANCE 1,010 1,009 900 389 900 900
DB9056.800 DISABILITY INSURANCE - LONG-TERM 0 0 0 0 0 0
DB9060.800 GROUP HEALTH INSURANCE 200,000 165,698 185,000 86,098 193,500 193,500
DB9060.801 FLEXIBLE SPENDING PLAN 230 203 230 100 270 270
DB9062.800 POST HEALTH INSURANCE 17,963 17,963 0 0 0 0
TOTAL - EMPLOYEE BENEFITS 442,430 380,025 409,380 147,176 373,520 373,520
INTERFUND TRANSFERS
TRANSFERS TO OTHER FUNDS
DB9901.901 TRANSFER TO GENERAL FUND 101,100 101,100 103,300 0
DB9901.903 TRANSFER TO HIGHWAY FUND 0 0 0 0 0 0
DB9901.904 TRANSFER TO RISK RETENTION FUND 4,750 4,750 5,625 0 6,233 6,233
DB9901.907 TRANSFER TO DEBT SERVICE FUND 302,479 302,479 234,810 703,810 84,572 84,572
TOTAL - TRANSFERS TO OTHER FUNDS 408,329 408,329 343,735 703,810 90,805 90,805
TRANSFERS TO CAPITAL FUNDS
DB9950.900 TRANSFER TO CAPITAL PROJECT 0 0 0 0 0 0
TOTAL - TRANSFERS TO CAPITAL FUNDS 0 0 0 0 0 0
TOTAL - INTERFUND TRANSFERS 408,329 408,329 343,735 703,810 90,805 90,805
TOTAL APPROPRIATIONS 2,849,244 2,163,705 2,992,140 1,363,832 2,880,379 2,880,379
DB-4
202220212022
BUDGETRECOMMENDED
2020
EXPENDED BUDGETBUDGET
2020
TOWN OF ITHACA
HIGHWAY PART-TOWN FUND 2022 BUDGET
APPROPRIATIONS:
EXPENDED
ACCOUNT ACCOUNT DESCRIPTION THRU 6/2021
GENERAL GOVERNMENT SUPPORT
INDEPENDENT AUDITING
CONTRACTUAL EXPENSE
DB1320.401 AUDITING SERVICES 3,601 3,601 3,500 2,154 3,500 3,500
TOTAL CONTRACTUAL EXPENSE 3,601 3,601 3,500 2,154 3,500 3,500
TOTAL - INDEPENDENT AUDITING 3,601 3,601 3,500 2,154 3,500 3,500
LEGAL SERVICES
CONTRACTUAL EXPENSE
DB1420.402 LEGAL SERVICES 4,899 4,725 5,000 0 5,000 5,000
TOTAL CONTRACTUAL EXPENSE 4,899 4,725 5,000 0 5,000 5,000
TOTAL - LEGAL SERVICES 4,899 4,725 5,000 0 5,000 5,000
CENTRAL COMMUNICATIONS SYSTEMS
CONTRACTUAL EXPENSE
DB1650.415 TELEPHONE SYSTEM 15,000 13,572 15,000 5,889 8,500 8,500
TOTAL CONTRACTUAL EXPENSE 15,000 13,572 15,000 5,889 8,500 8,500
TOTAL - CENTRAL COMMUNICATIONS SYSTEMS 15,000 13,572 15,000 5,889 8,500 8,500
CENTRAL STOREROOM
CONTRACTUAL EXPENSE
DB1660.404 GENERAL OFFICE SUPPLIES 500 0 500 0 500 500
TOTAL CONTRACTUAL EXPENSE 500 0 500 0 500 500
TOTAL - CENTRAL STOREROOM 500 0 500 0 500 500
CENTRAL PRINT & MAIL
CONTRACTUAL EXPENSE
TOTAL CONTRACTUAL EXPENSE 5,900 4,913 6,200 1,808 1,850 1,850
TOTAL - CENTRAL PRINT & MAIL 5,900 4,913 6,200 1,808 1,850 1,850
INFORMATION TECHNOLOGY
EQUIPMENT/CAPITAL OUTLAY
DB1680.291 HARDWARE & EQUIPMENT 0 0 0 0 0 0
TOTAL EQUIPMENT/CAPITAL OUTLAY 0 0 0 0 0 0
CONTRACTUAL EXPENSE
TOTAL CONTRACTUAL EXPENSE 31,555 24,407 22,795 19,387 13,210 13,210
TOTAL - INFORMATION TECHNOLOGY 31,555 24,407 22,795 19,387 13,210 13,210
SPECIAL ITEMS
CONTRACTUAL EXPENSE
DB1910.439 LIABILITY INSURANCE 38,000 24,460 28,000 28,860 30,000 30,000
TOTAL CONTRACTUAL EXPENSE 38,000 24,460 28,000 28,860 30,000 30,000
TOTAL - SPECIAL ITEMS 38,000 24,460 28,000 28,860 30,000 30,000
TOTAL - GENERAL GOVERNMENT SUPPORT 99,455 75,678 80,995 58,098 62,560 62,560
TRANSPORTATION
GENERAL REPAIRS
PERSONAL SERVICES
TOTAL PERSONAL SERVICES 351,450 250,160 328,500 144,102 310,400 310,400
CONTRACTUAL EXPENSE
TOTAL CONTRACTUAL EXPENSE 234,500 112,665 234,500 32,727 191,625 191,625
TOTAL - GENERAL REPAIRS 585,950 362,825 563,000 176,829 502,025 502,025
BUDGET
2022
EXPENDED BUDGET
2021
RECOMMENDED
20222020
BUDGET
2020
Proposed
TOWN OF ITHACA
HIGHWAY PART-TOWN FUND
APPROPRIATIONS:
EXPENDED
ACCOUNT ACCOUNT DESCRIPTION THRU 6/2021
PERMANENT IMPROVEMENTS
PERSONAL SERVICES
TOTAL PERSONAL SERVICES 54,450 16,069 45,600 27,845 33,100 33,100
CONTRACTUAL EXPENSE
TOTAL CONTRACTUAL EXPENSE 232,500 212,209 227,500 8,844 226,625 226,625
CAPITAL PROJECTS
TOTAL CAPITAL PROJECTS 250,000 63,739 750,000 2,083 755,000 755,000
TOTAL - PERMANENT IMPROVEMENTS 536,950 292,017 1,023,100 38,772 1,014,725 1,014,725
MACHINERY
TOTAL PERSONAL SERVICES 138,363 138,363 122,800 65,951 103,744 103,744
EQUIPMENT/CAPITAL OUTLAY
TOTAL EQUIPMENT/CAPITAL OUTLAY 265,637 199,399 94,000 20,453 368,250 368,250
CONTRACTUAL EXPENSE
TOTAL CONTRACTUAL EXPENSE 69,411 50,627 126,500 34,131 118,000 118,000
TOTAL - MACHINERY 473,411 388,388 343,300 120,535 589,994 589,994
BRUSH & WEEDS
PERSONAL SERVICES
TOTAL PERSONAL SERVICES 267,539 237,246 193,450 107,777 188,800 188,800
CONTRACTUAL EXPENSE
TOTAL CONTRACTUAL EXPENSE 35,180 19,197 35,180 10,835 57,950 57,950
TOTAL - BRUSH & WEEDS 302,719 256,443 228,630 118,612 246,750 246,750
TOTAL - TRANSPORTATION 1,899,030 1,299,672 2,158,030 454,748 2,353,494 2,353,494
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS
TOTAL - EMPLOYEE BENEFITS 442,430 380,025 409,380 147,176 373,520 373,520
INTERFUND TRANSFERS
TRANSFERS TO OTHER FUNDS
DB9901.901 TRANSFER TO GENERAL FUND 101,100 101,100 103,300 0
DB9901.903 TRANSFER TO HIGHWAY FUND 0 0 0 0 0 0
DB9901.904 TRANSFER TO RISK RETENTION FUND 4,750 4,750 5,625 0 6,233 6,233
DB9901.907 TRANSFER TO DEBT SERVICE FUND 302,479 302,479 234,810 703,810 84,572 84,572
TOTAL - TRANSFERS TO OTHER FUNDS 408,329 408,329 343,735 703,810 90,805 90,805
TOTAL - INTERFUND TRANSFERS 408,329 408,329 343,735 703,810 90,805 90,805
TOTAL APPROPRIATIONS 2,849,244 2,163,705 2,992,140 1,363,832 2,880,379 2,880,379
BUDGET RECOMMENDED BUDGET
2021 2022 2022
EXPENDED
2020
BUDGET
2020