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HomeMy WebLinkAboutTB Minutes 2015-03-09 Meeting of the Ithaca Town Board Monday, March 9, 2015 at 5:30 p.m. Minutes Board Members Present: Herb Engman, Supervisor; Bill Goodman, Deputy Town Supervisor; Pat Leary, Tee-Ann Hunter, Eric Levine, Rich DePaolo, and Rod Howe Staff Present: Susan Ritter, Director of Planning, Bruce Bates, Director of Code Enforcement; Mike Solvig, Director of Finance,Judy Drake, Director of Human Resources; Paulette Terwilliger,Town Clerk; Jim Weber, Highway Superintendent and Susan Brock, Attorney for the Town Agenda Item 1 Call to Order and Pledge of Allegiance—5:32 p.m. Agenda Item 2 Tompkins County Legislature and Ithaca Common Council Agenda Item 3 Persons to be Heard and Board comments Agenda Item 4 Discuss and consider setting a public hearing regarding a Local Law amending the Town of Ithaca Code, Chapter 271 entitled "Zoning: Special Land Use Districts" to modify the requirements for seasonal camping facilities at the La Tourelle Resort and referral of the local law to the Town Planning Board for a recommendation Scott Wiggins gave an overview of the proposal, stating that their first season last year was a huge success but they found they needed more common areas to gather and this request for a modification to the PDZ is mostly for those additional covered gathering spaces. Mr. DePaolo asked what the additions would look like from the other side of the valley but added that he imagines the Planning Board would look at that. Mr. Wiggins responded that they will look like wedding tents from afar. TB Resolution No.2015 -029: Setting a public hearing regarding a Local Law amending the Town of Ithaca Code, Chapter 271 entitled "Zoning: Special Land Use Districts"to modify the requirements for seasonal camping facilities at the La Tourelle Resort and referral of the local law to the Town Planning Board for a recommendation Whereas, Scott Wiggins and Robert Frisch have submitted an application to the Town of Ithaca to modify the requirements for the seasonal camping facilities on the La Tourelle Resort grounds, and presented the details of the project to the Ithaca Town Board on March 9, 2015; and Whereas, the zoning for the La Tourelle property (1150 Danby Road) is Planned Development Zone No. 1 (Wiggins; Town of Ithaca Code Section 271-3),which was modified in 2014 to allow the seasonal camping facilities with certain restrictions; now, therefore, be it Resolved, that the Town Board of the Town of Ithaca will hold a public hearing at Town Hall, 215 North Tioga Street, Ithaca, New York on the 13`h day of April, 2015 at 5:30 p.m. for the purpose of considering the proposed "Local Law Amending Chapter 271 of the Town of Ithaca TB March 9, 2015 Pg 1 Code, Entitled "Zoning: Special Land Use Districts" to Modify the Requirements for the Seasonal Camping Facilities at the La Tourelle Resort"; and be it further Resolved, that at such time and place all persons interested in the proposed local law may be heard concerning the same; and it is further Resolved, that the Town Clerk of the Town of Ithaca is hereby authorized and directed to publish a notice of such public hearing in the Ithaca Journal and to post a copy of the same on the signboard of the Town of Ithaca; and it is further Resolved, that the Town Board of the Town of Ithaca hereby refers consideration of the proposed draft"Local Law Amending Chapter 271 of the Town of Ithaca Code, Entitled"Zoning: Special Land Use Districts" to Modify the Requirements for the Seasonal Camping Facilities at the La Tourelle Resort" to the Town of Ithaca Planning Board for a recommendation and site plan review of the modified development proposal. Moved: Rod Howe Seconded: Tee Ann Hunter Vote: Ayes—Hunter, Howe, Levine, Leary, DePaolo, Engman and Goodman Agenda Item 5 Discuss and consider setting a public hearing regarding a Local Law amending the Town of Ithaca Code to set Complete Streets regulations Mr. Engman reported that the Public Works Committee looked at the proposed local law and Ms. Brock just looked at it and has some questions. Ms. Brock stated that she just started to look at the draft and she asked if it was going to be a law or a policy and if it was going to be a law and codified, would it be in the Subdivision chapter or the Streets and Sidewalks chapter or would it be pulled apart and some in each? She went on to say that our Subdivision chapter has pages of requirements for roads and she hasn't had a chance to see if there is anything in that chapter that may need to be changed or if this is such a different focus that it doesn't affect our existing laws at all. Ms. Brock touched on some of the issues in the draft such as criteria for the "best available" design standards; thresholds that are not spelt out and who is going to collect, inspect and record the data and annual report it talks about and the bigger issue is whether or not the town can do some of the things in the draft because we have a lot of highways by use and she was not sure about the legality of putting shade trees etc. in the right-of-ways since we don't own the land. Another issue to think about is the exceptions being determined by the Town Board if this ends up in the Subdivision section it is usually the Planning Board, especially in conjunction with subdivision approval. Ms. Ritter added that in terms of Complete Streets, the Tompkins County Transportation Council looks at it as when money is coming in to rebuild an existing road, you look at what you can do to provide for other users of that roadway; it is when we get money from the state. Ms. Brock TB March 9, 2015 Pg 2 responded that the way this draft is written, it applies to all roadways whether it was being rebuilt or new and private or public. Mr. Engman responded that this is a statement of policy by the town board and he wrote it as a law because that is what other municipalities have done. On the handout he sent there is a list of other municipalities who have adopted this as a law. He thought this was more an overarching statement that says that if you are doing anything major to a roadway, you have to at least consider these other factors, such as pedestrians, bicyclists, public transportation users etc. so this is a statement of what our expectations are so that we at least think about these things when we are doing a project instead of just traffic and speed and how fast we can get them from one place to another. This sets the overall policy and we use our current laws for implementation. There is an avenue for exceptions so this just gets you to the point of deciding what you are going to do. Mr. DePaolo said that it seems the regulating of this as a law would be much more cumbersome than it would as a policy and it is a good idea but as drafted, it does not rise to the level of specificity needed. He agreed that it should definitely be required that the concept of Complete Streets be thought about but there must be a way to do that as a policy. Mr. Engman responded that he drafted it after other municipalities' examples and he thinks policies are often forgotten. Mr. DePaolo thought it should be referenced in our Code and required to be looked at as a policy. Mr. Levine asked if this was going to require sidewalks for all developments and would cost be a reason not to and Mr. Engman responded that it would make them consider the possibility and there is an exception for cost but the Town Board would decide that. Mr. DePaolo added that he assumes there would be criteria involved such as how many people are in the area etc. that would come into that consideration of an exemption. Discussion followed and it was decided that the board would start this as a policy to get it active sooner rather than later and to investigate whether some of Ms. Brock's concerns could be addressed and put into the law. The Board would like it linked to the Code to give it more weight. Ms. Brock thought it could be added to the Subdivision chapter and the Board directed her to work with staff for the best way to get that done and discuss it at the study session to set a public hearing. Agenda Item 6 Consider adoption of a Bond Resolution (Subject to Permissive Referendum) In the Matter of the Proposed 2015 Road Improvement Program, in the Town of Ithaca, Tompkins County, New York, pursuant to Town Law and the Local Finance Law. Mr. Solvig explained that combining the two projects, Honness Lane and Marcy Court and it is cost effective to combine the two and it allows for flexibility by combining the two projects so if one comes in lower or higher at bid opening we could still go ahead as long as they both didn't go over and any remaining funds could cover other expenses for road projects. TB March 9, 2015 Pg 3 Ms. Hunter asked if this had been discussed at the committee level and Mr. Howe stated that it was talked about at Public Works Committee and Mr. Levine stated that it was discussed at the Budget Committee. Ms. Hunter was concerned about the flexibility and where any surplus funds would go as well as what oversight the Board would have on the funds. Mr. Solvig responded that the Board would have to approve any use of the funds but by putting the projects together we save some administrative time and money and it gives us needed flexibility. Ms. Hunter stated that she was not in favor of this and it seems to her that our projects have been coming in under budget so that concern seems to be moot and thought we have budgeted money for all road projects in the budget and they are all funded so if there was extra money it could be allocated from fund balance. She would like to see any extra money go to debt service. Mr. Solvig responded that we could still do that, but this offers the flexibility to cover another unforeseen project. TB Resolution No. 2015-30: BOND RESOLUTION (Subiect to Permissive Referendum) In the Matter of the Proposed 2015 Road Improvement Program, in the Town of Ithaca, Tompkins County, New York, pursuant to Town Law and the Local Finance Law. At a regular meeting of the Town Board of the Town of Ithaca,Tompkins County, New York, held at Town Hall, in Ithaca, New York, in said Town, on the 9th day of March, 2015, at 5:30 o'clock P.M.,Prevailing Time. The meeting was called to order by Herb Engman, and upon roll being called,there were PRESENT: Supervisor Herb Engman; Councilmen Rich DePaolo, Bill Goodman, Rod Howe, Tee-Ann Hunter, Patricia Leary, and Eric Levine. Moved by Bill Goodman; seconded by Eric Levine A RESOLUTION AUTHORIZING, SUBJECT TO PERMISSIVE REFERENDUM,THE 2015 ROAD IMPROVEMENT PROGRAM,IN AND FOR THE TOWN OF ITHACA,TOMPKINS COUNTY,NEW YORK,AT A MAXIMUM ESTIMATED COST OF$800,000,AND AUTHORIZING THE ISSUANCE OF$800,000 BONDS OF SAID TOWN TO PAY THE COST THEREOF. WHEREAS, all conditions precedent to the financing of the capital project hereinafter described, including compliance with the provisions of the State Environmental Quality Review Act, have been performed; and WHEREAS, the capital project hereinafter described has been determined to be a Type 11 Action pursuant to the regulations of the New York State Department of Environmental Conservation promulgated pursuant to the State Environmental Quality Review Act, the implementation of which as proposed, said regulation provides will not result in a significant adverse environmental effect; and TB March 9, 2015 Pg 4 WHEREAS, it is now desired to authorize the financing thereof, NOW,THEREFORE, BE IT RESOLVED,by the Town Board of the Town of Ithaca,Tompkins County, New York,as follows: Section 1. The reconstruction and improvement of roads in and for the Town of Ithaca,Tompkins County, New York, including pavement replacement,base replacement, grading, ditching, storm water drainage, landscaping and other right-of-way improvements and other incidental improvements and expenses in connection therewith, is hereby authorized at a maximum estimated cost of$800,000. Section 2. The plan for the financing of the aforesaid maximum estimated cost is by the issuance of not exceeding$800,000 bonds of said Town, hereby authorized to be issued therefor pursuant to the provisions of the Local Finance Law. Section 3. It is hereby determined that the period of probable usefulness of the aforesaid class of objects or purposes is fifteen years,pursuant to subdivision 20(c)of paragraph a of Section 11.00 of the Local Finance Law. It is hereby further determined that the maximum maturity of the serial bonds herein authorized will exceed five years. Section 4. The faith and credit of said Town of Ithaca,Tompkins County, New York, are hereby irrevocably pledged for the payment of the principal of and interest on such bonds as the same respectively become due and payable. An annual appropriation shall be made in each year sufficient to pay the principal of and interest on such bonds becoming due and payable in such year. There shall annually be levied on all the taxable real property in said Town, a tax sufficient to pay the principal of and interest on such bonds as the same become due and payable. Section 5. Subject to the provisions of the Local Finance Law, the power to authorize the issuance of and to sell bond anticipation notes in anticipation of the issuance and sale of the bonds herein authorized, including renewals of such notes, is hereby delegated to the Supervisor of said Town, the chief fiscal officer. Such notes shall be of such terms, form and contents, and shall be sold in such manner, as may be prescribed by said Supervisor, consistent with the provisions of the Local Finance Law. Section 6. All other matters except as provided herein relating to the bonds herein authorized including the date, denominations,maturities and interest payment dates,within the limitations prescribed herein and the manner of execution of the same, including the consolidation with other issues, and also the ability to issue bonds with substantially level or declining annual debt service, shall be determined by the Supervisor, the chief fiscal officer of such Town. Such bonds shall contain substantially the recital of validity clause provided for in Section 52.00 of the Local Finance Law, and shall otherwise be in such form and contain such recitals, in addition to those required by Section 51.00 of the Local Finance Law, as the Supervisor shall determine consistent with the provisions of the Local Finance Law. Section 7. The validity of such bonds and bond anticipation notes may be contested only if: TB March 9, 2015 Pg 5 1) Such obligations are authorized for an object or purpose for which said Town is not authorized to expend money,or 2) The provisions of law which should be complied with at the date of publication of this resolution are not substantially complied with, and an action, suit or proceeding contesting such validity is commenced within twenty days after the date of such publication, or 3) Such obligations are authorized in violation of the provisions of the Constitution. Section 8. This resolution shall constitute a statement of official intent for purposes of Treasury Regulations Section 1.150-2. Other than as specified in this resolution, no monies are, or are reasonably expected to be, reserved, allocated on a long-term basis, or otherwise set aside with respect to the permanent funding of the object or purpose described herein. Section 9. Upon this resolution taking effect, the same shall be published in full or summary form in the official newspaper of said Town for such purpose, together with a notice of the Town Clerk in substantially the form provided in Section 81.00 of the Local Finance Law. Section 10. This resolution is adopted subject to permissive referendum. The question of the adoption of the foregoing resolution was duly put to a vote on roll call, which resulted as follows: Supervisor Herb Engman; aye, Board Members: Rich DePaolo, aye; Bill Goodman, aye; Rod Howe, aye; Tee-Ann Hunter, nay; Patricia Leary, aye and Eric Levine aye. The resolution was thereupon declared duly adopted. Agenda Item 7 Discuss and consider a refund of delinquent water charges for Lake View Cemetery provided for by NYS GML 165-a The board discussed the current state of the cemetery and decided it was appropriate to continue to help the cemetery in this small amount rather than have it fail and have to take it over. Mr. Engman noted that they are paying for the mowing this year with funds they have raised and the Town had to help them last year. Mr. Engman reported that the past caretaker had an offer to pay something back to avoid jail but he has stated that he can't and has been arrested. TB Resolution No. 2015 — 031: Refund of Delinquent Water Charees for Lake View Cemetery, Utility Billing Account No.T1235,Tax Parcel No.16.-2-5 Whereas, as of October 15, 2014 there remained a delinquent balance of $1,311.65 for water charges and penalties on utility billing account no. T1235 for customer Lake View Cemetery, 605 Lake Shore Drive, Ithaca,NY 14850; and Whereas, Town Code Chapters 210 and 261 provides for all delinquent accounts for payment of water and sewer charges to be re-levied on the ensuing year's tax roll; and TB March 9, 2015 Pg 6 Whereas, all delinquent water charges and penalties as of October 15, 2014 in the amount of $1,311.65 were removed from the utility billing account and re-levied by Town Board Resolution No. 2014-183 to the 2015 Town and County Tax Roll on November 10,2014; and Whereas, the recent financial difficulties of the Lake View Cemetery have resulted in the Cemetery Board to request financial assistance from the Town, including a refund of the $1,311.65 amount re-levied to the 2015 Town and County Tax Roll;and Whereas, General Municipal Law 165-a authorizes a town to provide aid to not-for-profit cemeteries in their municipality with funds or services to forestall the abandonment of a cemetery to the town, and Whereas, taxes have been paid in full for the affected Tax Parcel; now,therefore, be it Resolved, the Town Board of the Town of Ithaca hereby authorizes a refund of $1,311.65 for water charges to be paid to Lake View Cemetery, with temporary offices at 215 N. Tioga Street, Ithaca, NY 14850. Moved: Rod Howe Seconded: Eric Levine Vote: Ayes—Hunter, Howe, Levine, Leary, DePaolo, Engman and Goodman Agenda Item 8 Discuss and consider approval of the revised Joint Youth Commission Agreement Mr. DePaolo reported that minor changes that have been discussed in the past were incorporated such as membership requirements and the Town of Caroline was added. Mr. DePaolo noted that Ms. Brock was involved in the drafting of the changes. TB Resolution No. 2015 -032: Accepting Amendments to the Intermunicipal Agreement and Operating Guidelines of the Joint Youth Commission and Authorizing Town Supervisor to Sign Agreement Whereas, the Joint Youth Commission (JYC) was created by resolution of the Boards of the Town of Ithaca and the Villages of Cayuga Heights and Lansing in 1991, and as of 2014 includes the Town of Caroline; and Whereas, the JYC members have recommended various changes to the JYC governing document known as the "Intermunicipal Agreement and Operating Guidelines of the Joint Youth Commission," including revisions related to the inclusion of the Town of Caroline and to the authority under which the JYC acts; now, therefore,be it Resolved, that the Town Board of the Town of Ithaca hereby approves the changes to the JYC Intermunicipal Agreement as submitted; and be it further TB March 9, 2015 Pg 7 Resolved, that the Supervisor of the Town of Ithaca is hereby authorized to execute the JYC Intermunicipal Agreement on behalf of the Town of Ithaca. Moved: Rich DePaolo Seconded: Bill Goodman Vote: Ayes–Hunter, Howe, Levine, Leary, DePaolo, Engman and Goodman Agenda Item 9 Consider appointments—Local Advisory Board of Assessment Review TB Resolution 2014 - 033: Establishment of Local Assessment Review Board Resolved that Rich DePaolo and Eric Levine are appointed to the Local Assessment Review Board as required by Tompkins County Assessment with Rod Howe serving as an alternate. Moved: Tee Ann Hunter Seconded: Bill Goodman Vote: Ayes–Hunter, Howe, Levine, Leary, DePaolo, Engman and Goodman Agenda Item 10 Consider Consent Agenda Items TB Resolution 2014 - 034: Adopt Consent Agenda Resolved, that the Town Board of the Town of Ithaca hereby approves and/or adopts the following Consent Agenda items: a. Approval of Town Board Meeting Minutes of February 9, 2015 b. Approval of Town of Ithaca Abstract c. Approval of Bolton Point Abstract Moved: Tee Ann Hunter Seconded: Eric Levine Vote: Ayes–Hunter, Howe, Levine, Leary, DePaolo, Engman and Goodman TB Resolution 2014 - 034a: Approval of Minutes of February 9 and 23, 2015 Whereas, the draft Minutes of the February 9 and 23, 2015 meetings of the Town Board have been submitted for review and approval, now therefore be it Resolved,that the Town Board hereby approves the submitted minutes as the final minutes of the meeting February 9 and 23, 2015 of the Town Board of the Town of Ithaca. TB Resolution No. 2015 -034b: Town of Ithaca Abstract Whereas the following numbered vouchers have been presented to the Ithaca Town Board for approval of payment; and Whereas the said vouchers have been audited for payment by the said Town Board; now therefore be it TB March 9, 2015 Pg 8 Resolved that the governing Town Board hereby authorizes the payment of the said vouchers in total for the amounts indicated. VOUCHER NOS. 227 - 277 General Fund Town wide 130,875.28 General Fund Part Town 11,249.07 Highway Fund Part Town 77,179.89 Water Fund 40,196.01 Sewer Fund 20,459.11 Fire Protection Fund 38,360.19 Forest Home Lighting District 173.32 Glenside Lighting District 58.38 Renwick Heights Lighting District 64.02 Eastwood Commons Lighting District 148.50 Clover Lane Lighting District 17.25 Winner's Circle Lighting District 57.49 Burlei h Drive Lighting District 58.59 West Haven Road Lighting District 177.75 Coddin ton Road Lighting District 105.94 TOTAL 319,180.79 TB Resolution No. 2015-034c: Bolton Point Abstract Whereas, the following numbered vouchers for the Southern Cayuga Lake Intermunicipal Water Commission have been presented to the governing Town Board for approval of payment; and Whereas, the said vouchers have been audited for payment by the said Town Board; now, therefore, be it Resolved, that the governing Town Board hereby authorizes the payment of the said vouchers. Voucher Numbers: 58- 110 Check Numbers: 15775-15827 Burdick Hill Tanks Project $ 0 Capital Impr/Repl Project $ 106,623.79 Operating Fund $ 57,948.55 TOTAL $ 164,572.34 Less Prepaid $ 3,238.35 TOTAL $ 161,333.99 TB Resolution No. 2015 -034d: Appointment of Agriculture Committee Chair and Vice- Chair TB March 9, 2015 Pg 9 Whereas the Agriculture Committee has recommended Russ Wedemeyer as Chair and Sharon Tregaskis and Vice-Chair for 2015, now therefore be it Resolved that the Town Board does hereby appoint Russ Wedemeyer as Chair and Sharon Tregaskis and Vice-Chair for the Agriculture Committee for a term of January 1, 2015 through December 31, 2015 Agenda Item 11 Report of Town Officials and Review of Correspondence Ms. Hunter asked if we could request the flashing speed limit signs be put on Hanshaw Rd when the new speed limit signs are put up and Mr. Engman said he would put a request in with the Sheriffs office. Agenda Item 12 Report of Town and Intermunicipal Committees a. PWC- Discuss possible parking restrictions for intersections Mr. Weber reported that he received a complaint about parking on Honness Lane at Wildflower Drive and the Public Works Committee discussed drafting a law to prohibit parking at intersections in the Town. Mr. DePaolo asked if he meant every intersection; with or without a stop sign or signal and Mr. Weber responded yes. Mr. DePaolo then asked if there would be a sign at each intersection on each side of the road and Mr. Weber responded that there would be and they would be phased in. Mr. DePaolo thought that would be unsightly and thought making a law to cover the entire town for one complaint on one intersection might not be the way to address the problem. Mr. Engman noted that this is just the start of a conversation and asked that everyone start thinking about it; an option is prohibiting parking on Honness Lane but give we have prohibited parking on Slaterville Road, the cars have to go somewhere. Some discussion followed on the proposed length of 50 feet which seemed a lot and Mr. Goodman thought maybe we should start with just the congested parks of the Town. Mr. Engman again stated that this was a start and to simply start noticing intersections and think about it and we will bring it back up in the future. Agenda Item 13 Consider Adjournment Meeting was adjourned upon motion and a second at 6:25 p.m. Paulette Terwilliger,Town Clerk TB March 9, 2015 Pg 10 TOWN OF ITHACA FINANCIAL REPORTS FOR THE MONTH ENDED FEBRUARY 28, 2015 REPORTS: BALANCE SHEET REVENUE & EXPENSE SUMMARY and CASH & CASH EQUIVALENTS DETAILED CASH LISTING FOR FIDUCIARY FUNDS ^ SUMMARY OF BANK COLLATERAL TOWN OF ITHACA BALANCE SHEET FOR THE MONTH ENDED FEBRUARY 28, 2015 GENERAL GENERAL HIGHWAY WATER FUND SEWER FUND CAPITAL DESCRIPTION TOWNWIDE PART-TOWN PART-TOWN PROJECTS FUND FUND FUND FUNDS ASSETS UNRESERVED CASH: CASH INVESTMENTS PETTY CASH $ 4,999,746 $ 623,681 $ 1,761,947 $ 1,886,614 $ 1,930,815 $ 964,223 700 - 200 TOTAL - UNRESERVED CASH $5,000,446 $623,681 $1,762,147 $1,886,614 $1,930,815 $964,223 RESERVED CASH: PARKS & OPEN SPACE PLAN $735,657 $$$.$$ GENERAL PURPOSE BENEFIT 180,412 63,556 99,889 14,222 8,004 HIGHWAY EQUIPMENT .212,135 PRESERVE MAINTENANCE 40,041 LAND STEWARDSHIP 10,004 . INVESTMENTS . FIDUCIARY FUNDS --- TOTAL - RESERVED CASH $966,114 $63,556 $312,024 $14,222 $8,004 $ OTHER ASSETS: xfld^CCOUNTS RECEIVABLE $-$$$$$ 'ATER & SEWER RECEIVABLES -26,319 22,070 DUE FROM OTHER FUNDS . STATE & FEDERAL AID RECEIVABLE . DUE FROM OTHER GOVTS 20,731 24,737 . PREPAID EXPENSES 83,715 28,242 31,011 7,569 3,596 TAXES RECEIVABLE - CURRENT ---. TOTAL - OTHER ASSETS $104,445 $28,242 $31,011 $58,624 $25,666 $ TOTAL ASSETS $6.071.005 $715.479 $2.105.182 $1.959.461 $1.964.486 $964.223 LIABILITIES and FUND BALANCE ACCOUNTS PAYABLE $130,875 $11,249 $$40,196 $20,459 $ ACCRUED LIABILITIES 47,077 52,608 122,400 83 48,033 DUE TO OTHER FUNDS .. RETAINAGE ...9,820 37,316 DEFERRED REVENUE ----- RESERVED FUND BALANCE 966,114 63,556 312,024 14,222 8,004 UNRESERVED FUND BALANCE 4,926,939 588,066 1,670,758 1,904,960 1,878,169 926,907 1 TOTAL LIABILITIES & FUND BALANCE $6.071.005 $715.479 $2.105.182 $1.959.461 $1.964.486 $964.223 ESTIMATED FUND BALANCE FUND BALANCE - 01/01/2015 $3,117,429 $833,740 $1,709,669 $2,091,325 $2,184,797 $935,818 Add: REVENUE 3,392,198 30,893 1,006,373 783,862 205,456 121 Less: EXPENSE 616,574 213,011 733,260 956,004 504,080 6,032 ' ND BALANCE - 02/28/2015 $5.893.052 $651.621 $1.982j782 $1,919,183 $1,886.173 $929.907 1 Page 1 of4 TOWN OF ITHACA BALANCE SHEET FOR THE MONTH ENDED FEBRUARY 28, 2015 DESCRIPTION RISK RETENTION FUND FIRE PROTECTION FUND LIGHTING DISTRICT FUNDS DEBT SERVICE FUND TRUST & AGENCY FUND INLET VALLEY CEMETERY ASSETS UNRESERVED CASH: CASH INVESTMENTS PETTY CASH $ 166,701 $ 4,618,676 $ 17,987 $ 1,379,419 $$ TOTAL - UNRESERVED CASH RESERVED CASH: PARKS & OPEN SPACE PLAN GENERAL PURPOSE BENEFIT HIGHWAY EQUIPMENT PRESERVE MAINTENANCE LAND STEWARDSHIP FUNDS FOR BOND REFUNDING FIDUCIARY FUNDS TOTAL - RESERVED CASH $ 166,701 $ 4,618,676 $17,987 $ 1,379,419 $ $ - $ 919,536 OTHER ASSETS: ,4«^ccounts receivable CUSTOMER RECEIVABLE DUE FROM OTHER FUNDS STATE & FEDERAL AID RECEIVABLE DUE FROM OTHER GOVTS PREPAID EXPENSES TAXES RECEIVABLE - CURRENT TOTAL - OTHER ASSETS $$ 116.082 $ 919,536 $ 116,082 $ $$$$ 9.077 9,077 ITOTAL ASSETS $ 166.701 $ 4.618.676 $ 17.987 $ 2.298.955 $ 116.082 S 9.077 LIABILITIES and FUND BALANCE ACCOUNTS PAYABLE ACCRUED LIABILITIES DUE TO OTHER FUNDS RETAINAGE DEFERRED REVENUE RESERVED FUND BALANCE UNRESERVED FUND BALANCE 38,360 $ 166,701 4,580,316 17,987 919,536 1,379,419 116,082 9,077 ITOTAL LIABILITIES & FUND BALANCE $ 166.701 $ 4.618.676 $ 17.987 $ 2.298.955 $ 116.082 $ 9.077 ESTIMATED FUND BALANCE FUND BALANCE - 01/01/2015 Add: REVENUE Less: EXPENSE $ 141,875 $ 1,038,139 $ 25,019 3,580,537 193 38,360 5,565 $ 1,427,187 $ 13,201 988,648 1,640 116,880 9,076 1 ND BALANCE - 02/28/2015 $ 166.701 $ 4.580.316 $ 17.126 $ 2.298.9SS 9 - $9.077 I Page 2 of 4 )TOWN.1HACA)BALANCE SHEET for CAPITAL PROJECTSFOR THE MONTH ENDED FEBRUARY 28, 20152ACTiyE£CApiT^MPR0aECTS?,DESCRIPTIONFUND H4Hanshaw RoadWalkwayFUND HSPine Tree RoadWalkway/BridgeFUND HSGateway Trail(Grant Funding)FUND HI 4Forest Home DrUpstrnt BridgeFUND HISWhitetall DriveImprovementsFUND H21Sand Bank RdImprovementsFUND H22Winners CircleImprovementsFUND H23CliristopherCriWater TankFUND H24Coddlngton RdWater MainFUND H25SapsuckerWater TankFUND H26Honness LaneImprovementsFUND H27Mercy CourtImprovementsTOTALCAPITALPROJECTSASSETSUNRESERVED CASH:CASHINVESTRAENTSTOTAL - UNRESERVED CASHOTHER ASSETS:ACCOUNTS RECEIVABLECUSTOMER RECEIVABLEDUE FROM OTHER FUNDSSTATEn^EDERAL RECEIVABLEDUE FROM OTHER GOVTSPREPAID EXPENSESBAN LOANSTOTAL • OTHER ASSETS100,538 $100,538$35,101 $ 61,352 $ 93,056 $ 10,157 $ 359,677 $ 40,736 $ 111,878 $ 151,729 $- $ 35,101 $ 61,352 $ 93,056 $ 10,157 $ 359,677 $$ - $ - $ - $ - $ . $40,736 $ 111,878 $ 151,729 $$ - $ - $ITOTAL assets"- $- $964,223- $ 964,223S$ 100.538 $ 35.101 $ 61.352 $ 93.056 $ 10.157 S 359.677 $ 40.736 $ 111.878 $ 151.729 $$ 964.223LIABILITIES & FUND BALANCEACCOUNTS PAYABLEACCRUED LIABILIITESDUE TO OTHER FUNDSRETAINAGEBAN PAYABLERESERVED FUND BALANCEUNRESERVED FUND BALANCE100,53835,10161,35293,056- $10,000157359,67740,736111,878- $27,316124,413ITOTAL LIAB 8i FUND BALANCE$ 100,538 $ 35.101 $ 61.352 $ 93.056 $ 10.157 S 359.677 $ 40.736 $ 111.878 $ 151,729 S37,316926,907$ 984,223ESTIMATED FUND BALANCEFUND BALANCE • 01/01/2015Add: REVENUEless: EXPENSE$ 100,526 $1235,098 $464,344 $ 93,045 $8 11155 $ 359,632 $1 4540,731 $5I FUND BALANCE - 02/28/20iF117,895 $156,032124,394 $19- $- $• $ 935,8181216,032$ 100,538 $ 35,101 $ 64,352 $ 93.056 $157 $ 359,677 $ 40,736 $ 111,878 $ 124,413 $• $- $- $929,907Page 3 of 4 )TOWNJ.ITHACA)BALANCE SHEET for LIGHT DISTRICTSFOR THE MONTH ENDED FEBRUARY 28, 2015DESCRIPTIONFUND SL-IForestHomeFUND SL-2GlensideFUND SL-3RenwickHeightsFUND SL-4EastwoodCommonsFUND SL-SClover LaneFUND SL^Winner'sCircleFUND SL-7BurlelghDriveFUND SL^WesthavenRoadFUND SL-SCoddingtonRoadTOTALLIGHTDISTRICTSASSETSUNRESERVED CASH:CASHINVESTMENTSTOTAL - UNRESERVED CASHOTHER ASSETS:ACCOUNTS RECEIVABLECUSTOMER RECEIVABLEDUE FROM OTHER FUNDSSTATE & FEDERAL AID RECEIVABLEPREPAID EXPENSESTAXES RECEIVABLE - CURRENTTOTAL - OTHER ASSETS3.989 $ 1,809 $ 1,914 $ 2,954 $ 427 $ 1,152 $ 1,153 $ 3.396 $ 1.994 $ 17,987^ A ^ . - . _ • • •$3,989$1,009$1,914$2,954$427$1,152$1,153$3,396$1,994 $17,987$-$-$$-$-$-$-$$- $$4.0004,000$650650S9509501.9001 onn200inn*7008002,5001.50013.200LIABIUTIES and FUND BALANCEACCOUNTS PAYABLEACCRUED LIABILIITESDUE TO OTHER FUNDSDEFERRED REVENUERESERVED FUND BALANCEUNRESERVED FUND BALANCE173 $58 $64 $149 $17 $57 $59 $178 $106 $ESTIMATED FUND BALANCEFUND BALANCE • 01/01/2015Add: REVENUELess: EXPENSE{FUND BALANCE - 02/28/2015143 $4,0003283^815"404 $1,043 $1,1606509501,900104143254951 $1.850 $ ~2.8068617,8152,8004,7061,7941,8955,7183,38830,326TOTAL LIABILITIES & FUND BALANCE7.9891.6592.8644.8541.8521.9535.8963.49431.187241 $473 $403 $1,092 $607 $5,5652007008002,5001,50013,20131791083742201,640410 $1.094 S ~1.095 S ~3.218 $ ~1.888 $ "17.126Page 4 of 4 TOWN OF ITHACA REVENUE and EXPENSE SUMMARY FOR THE MONTH ENDED FEBRUARY 28, 2015 DESCRIPTION REVENUE BUDGETED REVENUE ACTUALS ACCRUED REVENUE OVER (UNDER) % OF BUDGET EARNED GENERAL GENERAL HIGHWAY TOWNWIDE PART-TOWN PART-TOWN FUND FUND FUND WATER FUND SEWER FUND CAPITAL PROJECTS FUNDS $ 4,590,245 $ 1,394,050 $ 3,391,500 $ 6,409,658 3,392,198 30,893 1,006,373 783,862 $ (1,198.047) $ (1.363.157) $ (2.385,127) $ (5.625.796) 2,453,582 $ 205,456 (2.248.126) $" 73.9%29.7%12.2% EXPENSE BUDGETED EXPENSE ACTUAL & ACCRUED EXPENSE OVER fUNDER)~ % OF BUDGET EXPENDED $ 5,190,058 $ 1,601,305 616,574 213,011 $ (4.573.484) $ (1.388.294) 11.9% 13.3% 3,716,211 $ 6,320,463 $ 2,795,520 $ 733,260 956,004 504,080 $ (2.982.951) $ (5.364.459) $ (2.291.440) $ 19.7%15.1%18.0% ESTIMATED FUND BALANCE FUND BALANCE-01/01/2015 $ 3,117,429 $ 833,740 $ 1,709,669 $ 2,091,325 $ 2,184,797 $ 935,818 Actual & Accrued Add: REVENUE Less; EXPENSE IFUND BALANCE - 02/28/2015 3,392,198 616,574 $ 5,893,052 $ 30,893 1,006,373 213,011 733,260 651,621 $ 1,982,782 783,862 205,456 $ 956,004 504,080 $ 1.919.183 $ 1,886,173. : CASH and CASH EQUIVALENTS UNRESERVED CASH CASH (CHECKING/SAVINGS) CASH-SJC OPERATING INVESTMENTS PETTY CASH TOTAL - UNRESERVED CASH RESERVED CASH PARKS & OPEN SPACE PLAN GENERAL PURPOSE BENEFIT HIGHWAY EQUIPMENT PRESERVE MAINTENANCE LAND STEWARDSHIP INVESTMENTS FIDUCIARY FUNDS ^TOTAL - RESERVED CASH .OTAL CASH-02/28/2015 : . $ 4,999,746 $ 700 $ 5,000,446 $ 735,657 $ 180,412 40,041 10,004 623,681 $ 1,761,947 $ 1,886,614 $ 1,625,471 $ 305,345 $ 966,114 $ 63,556 $ 312,024 $ 14,222 $ 8,004 $ 964,223 623,681 $ 1,762,147 $ 1,886,614 $ 1,930,815 $ 964,223 n $ - $ - $ - $ 63,556 99,889 14,222 8,004 212,135 5.966.560 687,237 TOWN OF ITHACA REVENUE and EXPENSE SUMMARY FOR THE MONTH ENDED FEBRUARY 28, 2015 DESCRIPTION REVENUE BUDGETED REVENUE ACTUAL & ACCRUED IREVENUE OVER fUNDER^ % OF BUDGET EARNED RISK FIRE LIGHTING RETENTION PROTECTION DISTRICT FUND . FUND FUNDS DEBT TRUST & INLET SERVICE AGENCY VALLEY fund fund CEMETERY 25,000 $ 3,605,000 $ 25,019 3,580,537 9 $ (24,463) $ 13.200 $ 988,984 $ 13.201 988,648 _ 1 $ 100.1%99.3%100.0%100.0% EXPENSE BUDGETED EXPENSE ACTUAL & ACCRUED 'EXPENSE OVER mNDER- % OF BUDGET EXPENDED $ 15,500 $ 3,405,000 $ 14,120 $ 1,236,400 $ 2^3 38,360 1,640 116,880 12.480) $ (1.119.520) S 1-2% 1.1% 11.6% 9.5% [UiSl!2l] $ 1,500 ^ ESTIMATED FUND BALANCF FUND BALANCE - 01/01/2015 Actual & Accrued Add: REVENUE Less: EXPENSE *FUND BALANCE - 02/28/2015 141,875 $ 1,038,139 $ 25,019 3,580,537 193 38,360 166,701 $ 4.580.316 $ 5,565 $ 1,427,187 $ 13,201 988,648 1,640 116,880 17.126 $ 2.298.955 $ $ 9,076 : 9.077 CASH and CASH EQUIVALENTS UNRESERVED CASH CASH (CHECKING/SAVINGS) CASH - SJC OPERATING INVESTMENTS PETTY CASH TOTAL. UNRESERVED CASH RESERVED CASH PARKS & OPEN SPACE PLAN GENERAL PURPOSE BENEFIT HIGHWAY EQUIPMENT PRESERVE MAINTENANCE LAND STEWARDSHIP FUNDS FOR BOND REFUNDING FIDUCIARY FUNDS TOTAL n RESERVED CASH ^ 'OTAL CASH - 02/28/2015 166,701 $ 4,618,676 $ 17,987 $ 1,379,419 $ 166,701 $ 4,618,676 $ 17,987 $ 1,379,419 $ 919,536 116.082 $ 919,538 $ 116,082 $ $ 166.701 $ 4.618.676 $ 17.987 $ 2.298.955 $ 116.082 S TOWN c >flTHACAREVENUE and EXPENSE SUMMARY for CAPITAL PROJECTSFOR THE MONTH ENDED FEBRUARY 28, 2015DESCRIPTIONACnVE CAPITAL PROJECTSFUND H4FUND H5FUND H8FUND H14FUND H1BFUND H211 FUND H22 11 FUNDH23 11 FUNDH24 1FUN0H2S !1 FUND H26 1[ FUNDH27nshaw RoadWalkwayPine Tree RoadWalkway/BrldqeGateway Trail(Grant Fundlna)Forest Home DrUpstrm BtidqeWliiietall DriveImprovements ;Sand Bank RdImprovementsSajWapsucker HonnessLane Marcy Courtter.Tank Improvements ImprovementBUDGETED REVENUEACTUAL & ACCRUEDEVENUE^OVER'IUNDER% OF BUDGET EARNEDBUDGETED EXPENSEACTUAL & ACCRUEDEXPENSE OVER (UNDER% OF BUDGET EXPENDED• $ • $0.0% 0.0% 0.0% 0.0% 0.0% 0.0%-$ -$ •$ -$ -$ -$ -$6,032 - . - - 6.1$ • $ 6.032 $ . $ . S0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%ESTIMATED FUND BALANCEFUND BALANCE-01/01/2015 $ 100,526 $ 35,096 S 64,344 $ 93,045 $Actual & AccruedAdd: REVENUE 12 4 8 11Less: EXPENSE ....100.538155 $ 359,632 $ 40,731 $ 117,895 S 124,394 $1 45 5 15 196,032124.413$ 935,8181216,032929,907CASH andCASH EQUIVALENTSCASH (CHECKING/SAVINGS) $ 100,538 $ 35,101 $ 61,352 $ 93,056 $ 10,157 S 359,677 $ 40,736 $ 111,878 $ 151,729 $INVESTMENTS .......- $ - S 964,223100,538 $ 35,101 $ 61,352 S 93,056 S 10.167 TOWN O. 'ITHACAREVENUE and EXPENSE SUMMARY for LIGHT DISTRICTSFOR THE MONTH ENDED FEBRUARY 28, 2015DescriptionREVENUEBUDGETED REVENUEACTUAL & ACCRUEDIREVENUEOVERfUNDER>% OF BUDGET EARNEDFUND SL-1 FUND SL-2 FUND SL-3 FUND SL-4 FUND SL-5 I FUND SL-6 I FUNDSL-7 I FUND SL«8 I FUNDSL-9 I TOTALForest Glenslde Renwick Eastwood Clover Lane Winner's Burleigh Westhaven Coddlngton LIGHT—ySine 1 J Heights | Commons Circle Drive Road Road nisTRicx$ 4,000 $ 650 $ 950 $ 1,900 $ 200 $ 700 $ 800 $ 2,500"*'000 ^50 950 1,900 200 700 800 2,500100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%1,500 $ 13,2001,500 13,2011EXPENSEBUDGETED EXPENSEACTUAL & ACCRUED% OF BUDGET EXPENDED3,500 $328750 $1041,100 $1432,200 $254270 $31800 $79900 $108ESTIMATED FUND BALANCEFUND BALANCE - 01/01/2015Actual & AccruedAdd: REVENUELess: EXPENSEI FUND BALANCE - 02/2872015143 $404 $ 1,043 $ 1,160 $241 $473 $403 $ 1,092 $CASH andCASH EQUIVALENTSCASH (CHECKING/SAVINGS) $ 3.989 $ 1.009 $ 1,914 $ 2.954 $ 427 $ 1,152 $ 1.153 $ 3.398 $ 1 994 $ 17 987INVESTMENTSITOTAL CASH - 02/28/20153,989 $ 1,009 S 1.914 TOWN OF ITHACA DETAILED CASH LISTING - FIDUCIARY FUNDS FOR THE MONTH ENDED FEBRUARY 28, 2015 DESCRIPTION TRUST & AGENCY FUND TA200C DISBURSEMENTS CHECKING TA200P PAYROLL CHECKING TA202 ON-LINE COLLECTIONS TA205 NEXTEL SITE LEASE DEPOSIT TA206 ITHACA TOWERS OPTION ESCROW TA207 WIRELESS ONE TA209 EMPLOYEE FLEXIBLE SPENDING TA21D STORMWATER COALITION TA211 VERIZON WIRELESS ESCROW TA212 CAYUGA LAKE WATERSHED INTERMUNICIPAL ORG TOTAL CASH: TRUST & AGENCY FUND AMOUNT 8,458.77 9.59 4,503.13 11,847.32 4,594.80 11,303.28 54,778.77 271.39 20,315.44 $ 116,082.47 INLET VALLEY CEMETERY FUND TE202 INLET VALLEY CEMETERY - EXPENDABLE TRUST TOTAL CASH; FIDUCIARY FUNDS $ 9,076.94 $ 125,159.41 TOWN OF ITHACA SUMMARY OF BANK COLLATERAL FOR THE MONTH ENDED FEBRUARY 28, 2015 TOMPKINS TRUST COMPANY- CASH & CASH EQUIVALENTS $ 20,759 327 INVESTMENTS TOTAL CASH ON DEPOSIT LESS: FDIC INSURANCE LESS: FMV OF COLLATERAL ON DEPOSIT @ 2/28/2015 U.S. GOVERNMENT AGENCY OBLIGATIONS OVER (UNDER) C0LLATERALI2ED $20,759,327 $250,000 $26,752,320 $6,242,993 CASH ASSETS COLLATERALIZED @ FMV 2/28/2015 1 Z0% Collateral is held by the Bank of New York, pledged for the Town of Ithaca, New York, for all deposits and/or repurchase agreements of Tompkins Trust Company. NOTE: For deposits in excess of FDIC coverage. General Municipal Law, section 10 requires that the excess amounts are to be secured by eligible collateral.