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Home My WebLink About1997 Annual Report Submitted tot he NYS Comptroller_r TOWN OF ITHACA �. 126 EAST SENECA STREET, ITHACA, N.Y. 14850 cl`fi COPY TOWN CLERK 273-1721 HIGHWAY 273-1656 PARKS 273-8035 ENGINEERING 273-1747 PLANNING 273-1747 ZONING 273-1783 FAX (607) 273-1704 Office of the State Comptroller Division of Municipal Bureau of Research and Statistics AE Smith State Office Building (10th, Floor) Albany, New York 12236 RE: Town of Ithaca Annual Update Report For the Year Ending December 31, 1997 Dear Sir/Madame: February 13,1998 ARCA71 VF ca' ,' On behalf of the Town Supervisor and the governing Town Board, I am pleased to submit the Annual Financial Report as required by the State Comptroller under Article 3, Section 30 of the General Municipal Law. The .";j Town's Independent Audit will commence sometime after April 15th. A copy of this report will be forwarded to the Division of Municipal Affairs. Should questions arise, please do not hesitate to contact me at (607) 273- 1721. cxc: Catherine Valentino, Town Supervisor Carolyn Grigorov, Councilwoman David Klein, Councilman Ellen Harrison, Councilwoman Edward Conley, Councilman Mary Russell, Councilwoman John Wolff, Councilman Joan Lent Noteboom, Town Clerk Respectfully, Alfred F. Carvill, Town Budget Officer ALL NUMBERS IN THIS REPORT MUST BE ROUNDED TO THE NEAREST DOLLAR PAGES IN THIS REPORT MUST BE BURST BEFORE FILING ANNUAL FINANCIAL REPORT UPDATE DOCUMENT FOR THE TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 *AUTHORIZATION* ARTICLE 3, SECTION 30 OF THE GENERAL MUNICIPAL 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 WITHIN SIXTY DAYS AFTER THE CLOSE OF THE FISCAL YEAR OF SUCH MUNICIPAL CORPORATION *** 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 MUNICIPAL AFFAIRS ALBANY, NEW YORK 12236 1 *CERTIFICATION OF FISCAL OFFICER* IlCATHERINE A. VALENTINO , CERTIFY THAT I AM THE CHIEF FISCAL OFFICER AND THAT THE INFORMATION INCLUDED HEREIN IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF. SIGNATURE TOWN SUPERVISOR TITLE 126 EAST SENECA STREET OFFICIAL ADDRESS ITHACA, NEW YORK 14850 OFFICIAL ADDRESS FEBRUARY 1998 DATE (607 ) 273-1721 OFFICE TELEPHONE NUMBER *INQUIRY* IF YOU HAVE ANY QUESTIONS RELATING TO THIS DOCUMENT PLEASE CALL: FILING REQUIREMENTS (518) 474-4014 ACCOUNTING REQUIREMENTS (518) 474-6023 *PLEASE MAIL COMPLETED DOCUMENT TO: STATE OF NEW YORK OFFICE OF THE STATE COMPTROLLER DIVISION OF.MUNICIPAL AFFAIRS BUREAU OF MUNICIPAL RESEARCH AND STATISTICS GOV. ALFRED E. SMITH STATE OFFICE BUILDING (10TH FLOOR) ALBANY, NEW YORK 12236 ATTENTION.: JEFFREY MADEJ K *FINANCIAL SECTION * FINANCIAL INFORMATION FOR THE FOLLOWING FUNDS AND ACCOUNT GROUPS WAS INCLUDED IN THE ANNUAL FINANCIAL REPORT FILED BY YOUR GOVERNMENT FOR THE FISCAL YEAR ENDED 1996 AND HAS BEEN USED BY THE OSC AS THE BASIS FOR PREPARING THIS UPDATE DOCUMENT FOR YOUR FISCAL YEAR ENDED 1997: (A) GENERAL FUND (B) GENERAL TOWN -OUTSIDE VG (CS) RISK RETENTION (DB) HIGHWAY -PART -TOWN (FX) WATER (G) SEWER (SF) FIRE PROTECTION (SL) LIGHTING (V) DEBT SERVICE (H) CAPITAL PROJECTS (TA) AGENCY (K) GENERAL FIXED ASSETS (W) GENERAL LONG-TERM DEBT ALL AMOUNTS INCLUDED IN THIS UPDATE DOCUMENT FOR 1996 REPRESENT THE DATA FILED BY YOUR GOVERNMENT WITH THE OSC AS REVIEWED AND ADJUSTED WHERE NECESSARY. IF ANY FUNDS WERE USED IN 1997 THAT WERE NOT USED IN 1996, PLEASE LIST BELOW. A FORM TO REQUEST ADDITIONAL OR BLANK FUND STATEMENTS IS INCLUDED IN THIS MAILING. *** SUPPLEMENTAL SECTION *** THE SUPPLEMENTAL SECTION INCLUDES THE FOLLOWING SCHEDULES: 1) STATEMENT OF INDEBTEDNESS 2) SCHEDULE FOR REPORTING VARIABLE RATE, DISCOUNTED, AND/OR NEGOTIATED BONDS AND NOTES 3) SCHEDULE FOR REPORTING ALL.'INSTALLMENT PURCHASE CONTRACTS/CERTIFICATES OF PARTICIPATION 4) SCHEDULE OF SECURITIES FOR COLLATERALIZATION 5) SCHEDULE OF TIME DEPOSITS AND INVESTMENTS 6) INVESTMENT CERTIFICATION 7) BANK RECONCILIATION 8) REAL PROPERTY TAX LEVY AND RELATED INFORMATION 9) LOCAL GOVERNMENT QUESTIONNAIRE 10) NOTICE OF TORT CLAIMS IF SCHEDULE 1,2, OR 3 IS NOT APPLICABLE, PLEASE INITIAL IN THE APPROPRIATE COLUMN. ALL OTHER SCHEDULES MUST BE COMPLETED. NOT APPLICABLE ALL NUMBERS IN THIS REPORT MUST BE ROUNDED TO THE NEAREST DOLLAR. 3 E *** FINANCIAL SECTION *** TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND BALANCE SHEET DESCRIPTION ASSETS CASH CASH IN TIME DEPOSITS PETTY CASH CASH IN SPECIAL RESERVES TOTAL CASH INVESTMENTS IN REPURCHASE AGREEMENTS TOTAL INVESTMENTS STATE & FEDERAL OTHER TOTAL STATE AND FEDERAL AID RECEIVABLES DUE FROM OTHER FUNDS .TOTAL DUE FROM OTHER FUNDS DUE FROM OTHER GOVERNMENTS TOTAL DUE FROM OTHER . GOVERNMENTS INVESTMENTS IN SECURITIES, SPEC RES TOTAL RESTRICTED ASSETS PREPAID ASSETS TOTAL ASSETS • FOR THE FISCAL EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 $9,371 A200 $ 160,775 A201 741,007 164 A210 200 A_23o 24,784 A 170,310 765,991 0 A451 A A 0 13,545 A410 14,675 A A 13,545 14,675 21,813 A391 A A 21,813 361,603 A440 13,095 A A 361,603 13,095 0 A452 A A 0 A480 6,443 567,271 800,204 5 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND BALANCE SHEET DESCRIPTION LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE TOTAL ACCOUNTS PAYABLE ACCRUED LIABILITIES TOTAL ACCRUED LIABILITIES DUE TO OTHER FUNDS TOTAL DUE TO OTHER FUNDS TOTAL TOTAL LIABILITIES RESERVE FOR ENCUMBRANCES BOARD DESIGNATED RESERVE REAL PROPERTY TAX SETTLEMENT TOTAL RESERVE MOR UNRESERVED FUND BALANCE APPROPRIATED TOTAL UNRESERVED FUND BALANCE - APPROPRIATED UNRESERVED FUND BALANCE UNAPPROPRIATED BOARD DESIGNATED RESERVE GENERAL PURPOSES HIGHWAY FOR THE FISCAL EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 6 $0 A600 s 4,376 A A 0 4,376 0 A601 23,424 A A 0 23,424 0. A630 A A 0 0 27,800 5,074 A821 11,429 A 870 24,784 A 5,074 36,213 166,851 A910 140,334 A A 166,851 140,334 395,346 A911 575,043 A 20,814 A TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND BALANCE SHEET DESCRIPTION LIABILITIES AND FUND EQUITY TOTAL UNRESERVED FUND BALANCE - UNAPPROPRIATED FOR THE FISCAL YEAR ENDED 1996 $395,346 TOTAL TOTAL FUND EQUITY 567,271 TOTAL LIABILITIES AND FUND EQUITY 567,271 7 EDP FOR THE FISCAL CODE YEAR ENDED 1997 595,857 715,37 800,204 0 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES REAL PROPERTY TAXES TOTAL REAL PROPERTY TAXES OTHER PAYMENTS IN LIEU OF TAXES INTEREST & PENALTIES ON REAL PROP TAXES TOTAL REAL PROPERTY TAX ITEMS JON PROP TAX DIST BY COUNTY TOTAL NON PROPERTY TAX ITEMS CLERK FEES PUBLIC POUND CHARGES, DOG CONTROL FEES OTHER HOME & COMMUNITY SERVICES INCOME TOTAL DEPARTMENTAL INCOME YOUTH RECREATION SERVICES, OTHER GOVTS TOTAL INTERGOVERNMENTAL CHARGES INTEREST AND EARNINGS 5892,810 A1001 A A 8 .$92,810 4,349 A1081 14,382 A1090 A A 18,731 353,581 A1120 A A 353,581 2,017 A1255 667 A1550 370 A2189 A A 3,054 2,979 A2350 A A 2,979 41,689 A2401 A A $ 926,611 926,611 5,669 14,329 19,998 172,420 172,420 1,960 6,446 16,389 24,795 17,817 17,817 60,766 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND RESULTS OF OPERATIONS • FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES f TOTAL USE OF MONEY AND PROPERTY $41,689 $ 60,766 BINGO LICENSES 201 A2540 647 DOG LICENSES 6,167 A2544 2,982 BUILDING AND ALTERATION PERMITS 52 A2555 A A TOTAL LICENSES AND PERMITS 6,420 3,629 FINES AND FORFEITED BAIL 33,450 A2610 42,787 A TOTAL FINES AND A FORFEITURES 33,450 42,787 INSURANCE RECOVERIES 4,672 A2680 5,240 SALE OF EQUIPMENT A 2665 3,240 A TOTAL SALE OF PROPERTY AND COMPENSATION FOR LOSS 4,672 8,480 REFUNDS OF PRIOR YEAR'S EXPENDITURES 5,306 A2701 7,014 GIFTS AND DONATIONS 4,000 A2705 UNCLASSIFIED (SPECIFY) 2,775 A2770 3 A A TOTAL MISCELLANEOUS LOCAL SOURCES 12,081 7,050 ST AID, MORTGAGE TAX 153,602 A3005 163,948 ST AID, YOUTH PROGRAMS 45,308 A3820 17,-675 A A TOTAL STATE AID 198,910 178,623 BALANCING CODE - OSC USE ONLY 50 A4888 FOR OSC USE ONLY 9 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND RESULTS OF OPERATIONS FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 DETAIL REVENUES AND OTHER SOURCES INTERFUND TRANSFERS TOTAL 0102 55 TOTAL TOTAL REVENUES TOTAL DETAIL REVENUES AND OTHER SOURCES 50 1,568,427 1,568,427 10 EDP FOR THE FISCAL CODE YEAR ENDED 1997 A5031 $ 51,720 A 51,720 1,514,696 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES LEGISLATIVE BOARD, PERS SERV LEGISLATIVE BOARD, CONTR EXPEND $34,920 A1010.1 $ 36,000 1,865 TOTAL LEGISLATIVE BOARD 36,785 MUNICIPAL COURT, PERS SERV 55,407 MUNICIPAL COURT, EQUIP & CAP 14,518 OUTLAY 3,371 175 MUNICIPAL COURT, CONTR EXPEND 81110 TOTAL MUNICIPAL COURT 63,692 SUPERVISOR,PERS SERV 17,114 SUPERVISOR,EQUIP & CAP OUTLAY 129 SUPERVISOR,CONTR EXPEND 11919 TOTAL SUPERVISOR 19,162 AUDITOR, CONTR EXPEND 11,748 TOTAL AUDITORS 11,748 TAX COLLECTION,PERS SERV 14,518 TAX COLLECTION,CONTR EXPEND 3,371 TOTAL TAX COLLECTION 17,889 BUDGET, PERS SERV 74,841 BUDGET, EQUIP & CAP OUTLAY 1,825 BUDGET, CONTR EXPEND 6,463 TOTAL BUDGET 83,129 CLERK,PERS SERV 72,530 CLERK,EQUIP & CAP OUTLAY 303 CLERK,CONTR EXPEND 1,297 TOTAL CLERK 74,130 LAW, CONTR EXPEND 22,044 11 A1010.4 A A1010.0 A1110.1 A1110.2 A1110.4 A A1110.0 A122.0.1 A1220.2 A1220.4 A A1220.0 A1320.4 A A1320.0 A1330.1 A1330.4 A A1330.0 A1340.1 A1340.2 A1340.4 A A1340.0 A1410.1 A1410.2 A1410.4 A A1410.0 A1420.4 A 402 36,402 58,379 5,655 8,760 72,794 18,750 435 1,745 20,930 2,883 2,883 18,147 2,526 20,673 73,311 563 1,950 75,824 80,511 306 466 81,283 23,210 11 :7 (A) GENERAL FUND RESULTS OF OPERATIONS DESCRIPTION TOWN OF ITHACA ANNUAL UPDATE DOCUMENT" FOR THE FISCAL YEAR ENDED 1997 FOR THE FISCAL YEAR ENDED 1996 DETAIL EXPENDITURES AND OTHER USES TOTAL LAW PERSONNEL, PERS SERV PERSONNEL,EQUIP & CAP OUTLAY PERSONNEL, CONTR EXPEND TOTAL PERSONNEL ENGINEER, PERS SERV ENGINEER, EQUIP & CAP OUTLAY ENGINEER, CONTR EXPEND TOTAL ENGINEER ELECTIONS, EQUIP & CAP OUTLAY ELECTIONS, CONTR EXPEND .TOTAL ELECTIONS .RECORDS MGMT, EQUIP & CAP OUTLAY RECORDS MGMT, CONTR EXPEND TOTAL RECORDS MANAGEMENT BUILDINGS, PERS SERV BUILDINGS, EQUIP & CAP OUTLAY BUILDINGS, CONTR EXPEND TOTAL OPERATION OF PLANT CENTRAL PRINT & MAIL, EQUIP & CAP OUTLAY CENTRAL PRINT & MAIL,CONTR EXPEND TOTAL CENTRAL PRINTING AND MAILING UNALLOCATED INSURANCE, CONTR EXPEND 12 $22,044 31,675 9 2,863 34,547 153,572 4,442 5,448 163,462 177 15,236 15,413 EDP FOR THE FISCAL CODE YEAR ENDED 1997 A1420.0 A1430.1 A1430.2 A1430.4 A A1430.0 A1440.1 A1440:2 A1440.4 A A1440.0 A1450.2 A1450.4 A A1450.0 1,495 A1460.2 458 A1460.4 7,952 A 1,953 A1460.0 14,439 A1620.1 300 A1620.2 15,932 A1620..4 24,016 A 30,671 A1620.0 5,625 A1670.2 31,213 A1670.4 A 36,838 A1670.0 67,388 A1910.4 A S 23,210 36,165 7,952 .0 4,451 0 40,616 166,044 36,291 24,016 1.4,222 9,064 199,124 0 8,296 8,296 0 7,952 7,952 16,108 0 20,183 36,291 1.4,222 37,211 51,433 14.042 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND RESULTS OF OPERATIONS 7 C7 13 FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES TOTAL UNALLOCATED INSURANCE $67,388 A1910.0 $ 14,042 MUNICIPAL ASSN DUES, CONTR EXPEND 11119 A1920.4 40 952 A TOTAL MUNICIPAL ASSN DUES 11119 A1920.0 54,994 A A A A A TOTAL GENERAL GOVERNMENT SUPPORT 679,970 732,705 POLICE, PERS SERV 8,342 A3120.1 8,981 POLICE, EQUIP & CAP OUTLAY 131 A3120.2 48 POLICE, CONTR EXPEND 2 A3120.4 A TOTAL POLICE DEPARTMENT 8,475 A3120.0 9.029 TRAFFIC CONTROL, CONTR EXPEN 198 A3310.4 237 A TOTAL TRAFFIC CONTROL 198 A3310.0 237 CONTROL OF ANIMALS, CONTR EXPEND 26,795 A3510.4 19,901 A TOTAL CONTROL OF DOGS 26,795 A3510.0 19,901 A A A A A TOTAL PUBLIC SAFETY 35,468 29,167 STREET ADMIN, PERS SERV 59,339 A5010.1 65.868 C7 13 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND RESULTS OF OPERATIONS FOR THE FISCAL EDP. FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES STREET ADMIN, EQUIP & CAP OUTLAY $4,553 A5010.2 $ 1,491 STREET ADMIN, CONTR EXPEND 5,718 A5010.4 31391 A TOTAL HIGHWAY AND STREET ADMIN 69,610 A5010.0 70,752 GARAGE, EQUIP & CAP OUTLAY 4,837 A5132.2 5,865 GARAGE, CONTR EXPEND 25,630 A5132.4 9.1,102 A TOTAL GARAGE 30,467 A5132.0 96,967 STREET LIGHTING,'CONTR EXPEND 33,803 A5182.4 34,108 A TOTAL STREET LIGHTING 33,803 A5182.0 34, 108 BUS OPERATIONS, CONTR EXPEND .10,022 A5630.4 0 A 'OTAL PUBLIC TRANSPORATION 10,022 A5630.0 0 A A A A A TOTAL TRANSPORTATION 143,902 201,827 PLAYGR & REC CENTERS, CONTR EXPEND 10,440 A7140.4 6,073 A TOTAL PLAYGROUNDS AND RECREATION CENTERS 10,440 A7140.0 6,073 JOINT YOUTH PROG, CONTR EXPEND 210,900 A7320.4 200,702 OTHER:COMMUNITY PROGRAMS A 24,412 TOTAL XMINUM4 M PROGRAM 210,900 A7320.0 225,114 HISTORIAN, CONTR EXPEND 0 A7510.4 6,000 A 14 0 15 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL -YEAR ENDED 1997 (A) GENERAL FUND RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES TOTAL HISTORIAN $0 A7510.0 $ 6,000 CELEBRATIONS, EQUIP & CAP OUTLAY 10,697 A7550.2 0 CELEBRATIONS, CONTR EXPEND 791 A7550.4 A TOTAL CELEBRATIONS 11,488 A7550.0 0 A A A A A TOTAL CULTURE AND RECREATION 232,828 237,187 STATE RETIREMENT SYSTEM 20,764 A9010.8 22,729 SOCIAL SECURITY, EMPLOYER CONT 40,045 A9030.8 43,171 WORKER'S COMPENSATION, EMPL BNFTS 12,350 A9040.8 6,420 DISABILITY INSURANCE, EMPL BNFTS 1,479 A9055.8 3,382 HOSPITAL & MEDICAL (DENTAL) INS, EMPL BNFT 62,615 A9060.8 62,192 TOTAL EMPLOYEE BENEFITS 137,253 137,894 INSTALL PUR DEBT, PRINCIPAL 0 A9785.6 TOTAL DEBT PRINCIPAL 0 INSTALL PUR DEBT, INTEREST 0 A9785.7 TOTAL DEBT INTEREST 0 TOTAL EXPENDITURES 1,229,421 TRANSFERS, OTHER FUNDS 170,000 A9901.9 27,809 TOTAL TRANSFERS 170,000 0 15 (A) GENERAL FUND RESULTS OF OPERATIONS TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 DETAIL EXPENDITURES AND OTHER USES TOTAL OTHER USES $170,000 TOTAL DETAIL EXPENDITURES AND OTHER USES 1,399,421 16 EDP FOR THE FISCAL CODE YEAR ENDED 1997 1,366,589 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY -BEGINNING OF YEAR* $398,265 A8021 $567,271 PRIOR PERIOD ADJ-INCREASE TO FUND EQUITY 0 A8012 0 PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY 0 A8015 0 RESTATED FUND EQUITY - BEG OF YEAR 398,265 A8022 567,271 ADD - REVENUES AND OTHER SOURCES 1,568,427 1,514,696 DEDUCT - EXPENDITURES AND OTHER USES 1,399,421 1,366,589 FUND EQUITY -END OF YEAR* 567,271 A8029 715,37 * TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN • GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE REPORTED AS A PRIOR PERIOD ADJUSTMENT. PLEASE EXPLAIN ALL PRIOR PERIOD ADJUSTMENTS BELOW. • 17 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ESTIMATED REVENUES AND OTHER SOURCES EST REV - REAL PROPERTY TAXES $892,810 A1049M 5 926,611 EST REV - REAL PROPERTY TAX ITEMS 20,125 A1099M 17,610 EST REV - NON PROPERTY TAX ITEMS 225,000 A1199M 136,525 EST REV - DEPARTMENTAL INCOME 3.,750 A1299M 25,170 EST REV - INTERGOVERNMENTAL CHARGES 27,725 A2399M 16,458 EST REV - USE OF MONEY AND PROPERTY 25,000 A2499M 35,000 EST REV - LICENSES AND PERMITS 11,897. A2599M 8,000 EST REV -.FINES AND FORFEITURES 42,000 A2649M 43,000 EST REV - SALE OF PROP AND 'COMP FOR LOSS 500 A2699M 11,240 EST REV -MISCELLANEOUS LOCAL SOURCES 3,000 A2799M 1,500 EST REV - STATE AID 140,138 A3099M EST REV -INTERFUND TRANSFERS A M 149,675 A M 51,720 TOTAL ESTIMATED REVENUES 1,391,945 1 422,509 APPROPRIATED FUND BALANCE 166,851 A 599M 107,544 A M A M TOTAL ESTIMATED OTHER SOURCES 166,851 107,544 M M TOTAL ESTIMATED REVENUES AND OTHER SOURCES 1,558,796 1 ,530,053 18 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 11 (A) GENERAL FUND SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 APPROPRIATIONS APP - GENERAL GOVERNMENT SUPPORT APP - PUBLIC SAFETY APP - TRANSPORTATION APP - CULTURE AND RECREATION APP -EMPLOYEE BENEFITS TOTAL ESTIMATED EXPENDITURES APP - INTERFUND TRANSFER TOTAL ESTIMATED OTHER USES TOTAL APPROPRIATIONS $797,335 A1999M S 857,857 36,066 A3999M 29,464 158,878 A5999M 211,867 239,795 A7999M 246,107 156,722 A9199M 156,949 A M A M 1,388,796 170,000 A9999M A M A M 170,000 M M 1,558,796 19 1,502,244 27,809 27,809 • 1.530,053 C �J TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (A) GENERAL FUND SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 OUTSTANDING ENCUMBRANCES GENERAL GOVT. SUPPORT - ENCUMBR. TRANSPORTATION - ENCUMBR. TOTAL OUTSTANDING ENCUMBRANCES 20 $4,137 937 5,074 EDP FOR THE FISCAL CODE YEAR ENDED 1997 A1998M $ 10.034 A5998M 1.395 A M A M 11,429 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (B) GENERAL TOWN -OUTSIDE VG BALANCE SHEET FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ASSETS CASH CASH IN TIME DEPOSITS PETTY CASH CASH IN TIME DEPOSITS - RESERVES CASH IN TIME DEPOSITS - APPLICATION FEES TOTAL CASH STATE & FEDERAL RECEIVABLES TOTAL STATE AND FEDERAL AID RECEIVABLES DUE FROM OTHER GOVERNMENTS TOTAL DUE FROM OTHER GOVERNMENTS PREPAID EXPENSES TOTAL ASSETS 21 7 $10,316 B200 $ 450,861 B201 218,638 136 B210 B 230 50,237 B 202 20,605 461,313 289,480 1,130 B410 0 B B 1,130 0 86,530 B440 274,711 B B 86,530 274,711 B 480 4,412 548,973 568,603 7 22 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT - FOR THE FISCAL YEAR ENDED 1997 (B) GENERAL TOWN -OUTSIDE VG BALANCE SHEET FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE $12,463 B600 5 308 B B TOTAL ACCOUNTS PAYABLE 12,463 308 ACCRUED LIABILITIES 0 B601 8,320 PLANNING & REVIEW APPLICANTS 8615 20,605 B TOTAL ACCRUED LIABILITIES 0 28,9�5 DUE TO OTHER FUNDS 178, 887 B630 131 ,957 B B TOTAL DUE TO OTHER FUNDS 178,887 131 ,957 TOTAL TOTAL LIABILITIES 191,350 161,190 RESERVE FOR ENCUMBRANCES 5,064 B821 2,170 BOARD DESIGNATED RESERVES B871 50,237 B TOTAL RESERVE FOR ENCUMBRANCES 5,064 52,407 UNRESERVED FUND BALANCE APPROPRIATED 266,640 B910 198,011 B B TOTAL UNRESERVED FUND BALANCE - APPROPRIATED 266,640 198,011 UNRESERVED FUND BALANCE UNAPPROPRIATED 85,919 B911 156,995 B B 22 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (B) GENERAL TOWN -OUTSIDE VG BALANCE SHEET FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 LIABILITIES AND FUND EQUITY TOTAL UNRESERVED FUND BALANCE - UNAPPROPRIATED $85,919 5 156,995 TOTAL TOTAL FUND EQUITY 357,623 355.006 TOTAL LIABILITIES AND FUND EQUITY 548,973 568,603 11 23 24 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT - FOR THE FISCAL YEAR ENDED 1997 _ (B) GENERAL TOWN -OUTSIDE VG RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES SPECIAL ASSESSMENTS 51,610 B1030 S 0 B B 'TOTAL REAL PROPERTY TAXES 1,610 O 1,408,000 SALES TAX (FROM COUNTY) 1,308,000 B1120 FRANCHISES 26,591 B1170 27,161 B B TOTAL NON PROPERTY TAX ITEMS 1,334,591 1,435,161 ZONING FEES 40,160 B2110 42,123 ,,--,pLANNING BOARD FEES 13,756 B2115 11,015 B B TOTAL DEPARTMENTAL INCOME 53,916 53,137 YOUTH RECREATION SERVICES, OTHER GOVTS 6,914 B2350 3,637 B B TOTAL INTERGOVERNMENTAL CHARGES 6,914 3,637 INTEREST AND EARNINGS 12,225 B2401 10,797 B B TOTAL USE OF MONEY AND PROPERTY 12,225 10,797 INSURANCE RECOVERIES 1,610 B2680 4,034 REFUND OF PRIOR YEARS EXPENSES B 2701 12 B TOTAL SALE OF PROPERTY AND COMPENSATION FOR LOSS 1,610 (578) iIFTS AND DONATIONS 10,000 B2705 0 24 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (B) GENERAL TOWN -OUTSIDE VG RESULTS OF OPERATIONS FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 DETAIL REVENUES AND OTHER SOURCES EDP FOR THE FISCAL CODE YEAR ENDED 1997 • • q9 B S B TOTAL MISCELLANEOUS- _ LOCAL SOURCES 10,000 0 ST AID, STATE REVENUE SHARING 66,041 B3001 68,663 ST AID, OTHER AID (SPECIFY) 2,055 B3089 B B TOTAL STATE AID 68,096 68,663 TOTAL TOTAL REVENUES 1,488,962 1 .570,817 • TOTAL DETAIL REVENUES AND OTHER SOURCES 1,488,962 1.570,817 • q9 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED'1997 (B) GENERAL TOWN -OUTSIDE VG RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES LAW, CONTR EXPEND $45,013 B1420.4 5 29,655 B TOTAL LAW 45,013 B1420.0 29,655 BUILDINGS, CONTR EXPEND 629 B1620.4 0 B TOTAL OPERATION OF PLANT 629 B1620.0 0 CENTRAL PRINT & MAIL, EQUIP & CAP OUTLAY 17,384 B1670.2 12,192 CENTRAL PRINT & MAIL, CONTR EXPEND 8,728 B1670.4 23,564 B TOTAL CENTRAL PRINTING & MAIL 26,112 B1670.0 35,756 UNALLOCATED INSURANCE B1910.4 7,326 CONTINGENTACCOUNT BTF90.4 195 .RANTS, DEVELOPMENT, IMPROVEMENTS B1990.4 50,000' B B TOTAL GENERAL GOVERNMENT SUPPORT 71,754 122,932 PLAYGR & REC CENTERS, PERS SERV 92,015 B7140.1 95,193 PLAYGR & REC CENTERS, EQUIP & CAP OUTLAY 17,960 B7140.2 20,654 PLAYGR & REC CENTERS, CONTR EXPEND 33,770 B7140:4 - 52,341 B TOTAL PLAYGROUNDS AND RECREATION CENTERS 143,745 B7140.0 168,194 B B B B B 26 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (B) GENERAL TOWN -OUTSIDE VG RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES TOTAL CULTURE AND B9030.8 RECREATION 2,518 $143,745 ZONING, PERS SERV 1,743 94,295 ZONING, EQUIP & CAP OUTLAY 852 ZONING, CONTR EXPEND 621 2,385 TOTAL'ZONING 97,532 PLANNING, PERS SERV 160,550 PLANNING, EQUIP & CAP OUTLAY 8,661 PLANNING, CONTR EXPEND 11,466 TOTAL PLANNING 180,677 TOTAL. HOME AND COMMUNITY SERVICES 278,209 STATE RETIREMENT, EMPL BNFTS 12,046 SOCIAL SECURITY. , EMPL BNFTS 25,891 WORKER'S COMPENSATION, EMPL BNFTS DISABILITY INSURANCE, EMPL UNEMPLOYMENT INS. BNFTS HOSPITAL & MEDICAL (DENTAL) INS, EMPL BNFT TOTAL EMPLOYEE BENEFITS 6,730 734 49,393 94,794 TOTAL EXPENDITURES 588,502 TRANSFERS, OTHER FUNDS 1,001,370 TOTAL TRANSFERS 1,001,370 27 B8010.1 B8010.2 B8010.4 B B8010.0 B8020.1 B8020.2 B8020.4 B B8020.0 B B B B B $ 168,194 100,721 20,929 B9030.8 375 2,518 10,507 7,341 B9055.8 1,743 103,614 42,170 174,095 110,731 621 26,247 867,000 867,000 200,963 304,577 B9010.8-' 20,929 B9030.8 28,041 B9040.8 69050.8 10,507 7,341 B9055.8 1,743 B 9 0 6 0 .8 42,170 110,731 706,436 B9901.9 867,000 867,000 r 1 U TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (B) GENERAL TOWN -OUTSIDE VG RESULTS OF OPERATIONS 3�l:i�ai*��11 DESCRIPTION YEAR ENDED 1996 DETAIL EXPENDITURES AND OTHER USES TOTAL OTHER USES $1,001,370 TOTAL DETAIL EXPENDITURES AND OTHER USES 1,589,872 28 EDP FOR THE FISCAL CODE YEAR ENDED 1997 $ 867,000 1,573,434 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (B) GENERAL TOWN -OUTSIDE VG RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR* PRIOR PERIOD ADJ-INCREASE TO FUND EQUITY PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY RESTATED FUND EQUITY - BEG OF YEAR ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES FUND EQUITY - END OF YEAR* $458,533 B8021 0 B8012 0 B8015 $357,623 0 458,533 B8022 357,623 1,488,962 1,570,817 1,589,872 1 ,573,434 357,623 B8029 355,00 * TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE REPORTED AS A PRIOR PERIOD ADJUSTMENT. PLEASE EXPLAIN ALL PRIOR PERIOD ADJUSTMENTS BELOW. 29 • C TOWN OF ITHACA ANNUAL UPDATE DOCUMENT 0 FOR THE FISCAL YEAR ENDED 1997 (B) GENERAL TOWN -OUTSIDE VG SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ESTIMATED REVENUES AND OTHER SOURCES EST REV -REAL PROPERTY TAXES EST REV - NON PROPERTY TAX ITEMS EST REV - DEPARTMENTAL INCOME EST. REV. - INTERGOVERNMENTAL CHARGES EST REV - USE OF MONEY AND PROPERTY EST REV -MISCELLANEOUS LOCAL SOURCES EST REV -STATE AID TOTAL ESTIMATED REVENUES APPROPRIATED FUND BALANCE TOTAL ESTIMATED OTHER SOURCES TOTAL ESTIMATED REVENUES AND OTHER SOURCES $1,610 B1049M $ 1,524 1,308,000 B1199M 1,434,500 62,000 B1299M 38,000 3,497 B2399M 3,497 12,000 B2499M 18,000 10,000 B2799M 13,320 66,000 B3099M 66,000 B M B M 1,463,107 1,574,841 266,640 B 599M 100,849 B M B M 266,640 100,849 M M 1,729,747 1,675,690 30 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (B) GENERAL TOWN -OUTSIDE VG SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 APPROPRIATIONS APP - GENERAL GOVERNMENT SUPPORT $105,012 B1999M $ 169,093 APP - TRANSPORTATION 5,140 B5999M 0 APP - CULTURE AND RECREATION 208,936' B7999M 192949 APP - HOME AND COMMUNITY SERVICES 299,470 B8999M 323,594 APP - EMPLOYEE BENEFITS 109,819 B9199M 123,054 B M B M TOTAL ESTIMATED EXPENDITURES 728,377 808,690 APP - INTERFUND TRANSFER 1,001,370 B9999M 867,000 B M B M TOTAL ESTIMATED OTHER USES 1,001,370 867,000 M M TOTAL APPROPRIATIONS 1,729,747 1,675,690 31 • C: • (CS) RISK RETENTION BALANCE SHEET DESCRIPTION ASSETS CASH CASH TIME DEPOSITS TQTAL CASH DUE FROM OTHER FUNDS TOTAL DUE FROM OTHER FUNDS TOTAL ASSETS TOWN OF ITHACA ANNUAL UPDATE DOCUMENT. FOR THE FISCAL YEAR ENDED 1997 FOR THE FISCAL EDP YEAR ENDED 1996 CODE 32 $0 CS 200 20,259 CS 201 CS CS 20,259 0 CS 391 CS CS 0 20,259 FOR THE FISCAL YEAR ENDED 1997 32,934 32,934 0 0 32,93 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (CS) RISK RETENTION BALANCE SHEET • J 33 FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE $0 CS 600 S CS CS TOTAL ACCOUNTS PAYABLE 0 TOTAL TOTAL LIABILITIES 0 RESERVE FOR WORKERS COMP 14,181 CS 814 INSURANCE RESERVE 6,078 CS 863 32,934 CS CS TOTAL SPECIAL RESERVES 20,259 32,934 UNAPPROPRIATED FUND BALANCE 0 CS 911 CS CS TOTAL UNRESERVED FUND BALANCE - UNAPPROPRIATED 0 TOTAL TOTAL FUND EQUITY 20,259 32,934 TOTAL LIABILITIES AND FUND EQUITY 20,259 32,934 J 33 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (CS) RISK RETENTION RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES INTEREST & EARNINGS $259 CS2401 $ 968 CS CS TOTAL USE OF MONEY AND 968 PROPERTY 259 TOTAL TOTAL REVENUES 259 68 INTERFUND TRANSFERS 10,000 CS5031 13,000 CS CS TOTAL INTERFUND TRANSFERS 10,000 13,000 TOTAL TOTAL OTHER SOURCES 10,000 13,000 TOTAL DETAIL REVENUES AND OTHER SOURCES 10,259 13,968 34 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (CS) RISK RETENTION RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR --THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR* PRIOR PERIOD ADJUSTMENTS -INC IN FUND EQUIT PRIOR PERIOD ADJUSTMENTS -DEC IN FUND EQUIT RESTATED FUND EQUITY - BEG OF YEAR ADD - REVENUES OTHER SOURCES AND EXPENSES FUND EQUITY - END OF YEAR* 510,000 CS8021 $20,259 0 CS8012 0 0 CS8015 0 10,000 CS8022 20,259 10,259 12,675 20,259 CS8029 32,934 * TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE REPORTED AS A PRIOR PERIOD ADJUSTMENT. PLEASE EXPLAIN ALL PRIOR PERIOD ADJUSTMENTS BELOW. 35 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (CS) RISK RETENTION SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP DESCRIPTION YEAR ENDED 1996 CODE ESTIMATED REVENUES AND OTHER SOURCES INTERFUND TRANSFERS INTEREST EARNINGS TOTAL ESTIMATED OTHER SOURCES TOTAL ESTIMATED REVENUES AND OTHER SOURCES 36 $10,000 CS5031M CS2401 M CS M 10,000 10,000 M M FOR THE FISCAL YEAR ENDED 1997 S 13,0.00. 100 13, 100 13,100 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (CS) RISK RETENTION SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP DESCRIPTION YEAR ENDED 1996 CODE APPROPRIATIONS GENERAL GOVT SUPPORT $0 CS1999M EMPLOYEE BENEFITS 0 CS9199M CS M CS M TOTAL ESTIMATED EXPENDITURES 0 OTHER BUDGETARY PURPOSES 10,000 CS 962M CS M CS M TOTAL ESTIMATED OTHER USES 10,000 M M TOTAL APPROPRIATIONS 10,000 37 .FOR THE FISCAL YEAR ENDED 1997 $ 0 0 0 13,100 13,100 13,100 0 Ll ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 i (DB) HIGHWAY -PART -TOWN BALANCE SHEET DESCRIPTION ASSETS CASH CASH IN TIME DEPOSITS PETTY CASH TOTAL CASH STATE & FEDERAL RECEIVABLES TOTAL STATE AND FEDERAL AID RECEIVABLES DUE FROM OTHER FUNDS TOTAL DUE FROM OTHER FUNDS INVESTMENTS IN SECURITIES, SPEC RESERVE - EQUIPMENT EXCAVATION WORK DEPOSITS TOTAL RESTRICTED. ASSETS PREPAID EXPENSES TOTAL ASSETS FOR THE FISCAL EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 38 $6,441 DB 200 490,830 DB 201 200 DB 210 DB DB 497,471 648,391 24,065 DB 410 DB DB 24,065 178,887 DB 391 DB DB 178,887 67,787 DB 452 DB DB 67,787 768,210 F 433,381 200 433,581 2,579 2,579 131 ,957 131,957 72,246 1,829 74,075 6,199 648,391 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (DB) HIGHWAY -PART -TOWN BALANCE SHEET DESCRIPTION LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE TOTAL ACCOUNTS PAYABLE ACCRUED LIABILITIES EXCAVATION WORK TOTAL ACCRUED LIABILITIES TOTAL LIABILITIES RESERVE FOR ENCUMBRANCES TOTAL RESERVE FOR ENCUMBRANCES RESERVE FOR HIGHWAY CAPITAL TOTAL SPECIAL RESERVES UNRESERVED FUND BALANCE APPROPRIATED TOTAL UNRESERVED FUND BALANCE - APPROPRIATED UNRESERVED FUND BALANCE UNAPPROPRIATED TOTAL UNRESERVED FUND BALANCE - UNAPPROPRIATED TOTAL TOTAL FUND EQUITY FOR THE FISCAL EDP YEAR ENDED 1996 CODE 39 $O DB 600 DB DB a DB- 601 DB 615 0 135,215 DB 821 DB DB 135,215 65,550 DB 879 DB DB 65,550 258,124 DB 910 DB DB 258,124 309,321 DB 911 DS DB 309,321 - 768,210 FOR THE FISCAL YEAR ENDED 1997 S 9,880 9,880 14,218 1,829 16,047 25,927 109,644 109,644 72,246 72,246 114,724 114,724 325,850 325,850 622,464 0 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (DB) HIGHWAY -PART -TOWN BALANCE SHEET FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 LIABILITIES AND FUND EQUITY S TOTAL LIABILITIES AND FUND EQUITY 768,210 648,391 40 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (DB) HIGHWAY -PART -TOWN RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES OTHER GENERAL DEPARTMENTAL INCOME TOTAL DEPARTMENTAL INCOME TRANSPORTATION SERVICES, OTHER GOVTS TOTAL INTERGOVERNMENTAL CHARGES INTEREST AND EARNINGS TOTAL USE C- MONEY AND PROPERTY SALES OF EQUIPMENT INSURANCE RECOVERIES TOTAL SALE OF PROPERTY AND COMPENSATION FOR LOSS UNCLASSIFIED (SPECIFY) TOTAL MISCELLANEOUS LOCAL SOURCES ST AID, CONSOLIDATED HIGHWAY AID TOTAL STATE AID FED AID TRANSP CAP PROJ 41 $0 DB1289 DB DB 0 7,732 DB2300 DB DB 7,732 14,162 DB2401 DB DB 14,162 33,021 DB2665 11,576 DB2680 DB DB 44,597 554 DB2770 DB DB 554 46,366 DB3501 DB DB 46,366 30,000 DB4597 0 0 15,078 15,078 32,375 32,375 9,291 24,890 34,181 129,966 129,966 48,777 ,777 0 C ��v TOWN OF IFHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (DB) HIGHWAY -PART -TOWN RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES FED AID, EMERGENCY DISASTER ASSISTANCE $108,944 DB4960 DB TOTAL FEDERAL AID TOTAL TOTAL REVENUES INTERFUND TRANSFERS TOTAL INTERFUND TRANSFERS TOTAL TOTAL OTHER SOURCES TOTAL DETAIL REVENUES AND OTHER SOURCES DB 138,944 252,355 1,001,370 DB5031 DB DB 1,001,370 1,001,370 1,253,725 42 $ 0 0 6.0.377 934,003 934,003 934,003 1,194., 380 ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (DB) HIGHWAY -PART -TOWN RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES STREET ADMIN, PERS SERV $8,104 DB5010.1 S 0 STREET ADMIN, CONTR EXPEND 11,859 DB5010.4 0 DB TOTAL HIGHWAY AND STREET ADMINISTRAT 19,963 DB5010.0 0 MAINT OF STREETS, PERS SERV 130,303 DB5110.1 150,590 MAINT OF STREETS, CONTR EXPEND 87,139 DB5110.4 98,476 DB TOTAL MAINTENANCE OF ROADS 217,442 DB5110.0 249,066 IMPROVEMENTS, PERS SERV 30,190 DB5112.1 65,833 PERM IMPROVE HIGHWAY, CONTR EXPEND 203,140 DB5112.4 286,301 DB TOTAL IMPROVEMENTS 233,330 DB5112.0 _ 352,134 MACHINERY, PERS SERV 26,518 DB5130.1 43,125 MACHINERY, EQUIP & CAP OUTLAY 209,747 DB5130.2 263,696 MACHINERY, CONTR EXPEND 58,078 DB5130.4 74,626 DB TOTAL MACHINERY 294,343 DB5130.0 381,447 BRUSH AND WEEDS, PERS SERV 26,535 DB5140.1 28,985 BRUSH AND WEEDS, CONTR EXPEND 3,260 DB5140.4 14,861 DB TOTAL MISCELLANEOUS 29,795 DB5140.0 43,846 SNOW REMOVAL, PERS SERV 49,751 DB5142.1 38,191 SNOW REMOVAL, CONTR EXPEND 41,210 DB5142.4 57,588 DB TOTAL SNOW REMOVAL 90,961 DB5142.0 95,779 GENERAL GOVERNMENT SUPPORT D131320.4 472 AUDITORS - SINGLE FEMA AUDIT DB1F�20T 4,119 TOWN ATTORNEY DB 1910.4 20,699 UNALLOCATED INSURANCE DB 0 TOTAL GENERAL GOVERNMENT SUPPORT DB 25,290 TOTAL TRANSPORTATION AND 885,834 1,147,562 GENERAL GOVERNMENT SUPPORT • 43 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (DB) HIGHWAY -PART -TOWN RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES EMERGENCY DISASTER WORK, PERS SERV EMERGENCY DISASTER WORK, CONTR EXPEND TOTAL EMERGENCY DISASTER WORK TOTAL HOME AND COMMUNITY SERVICES STATE RETIREMENT, EMPL BNFTS SOCIAL SECURITY, EMPL BNFTS WORKER'S COMPENSATION, EMPL BNFTS DISABILITY INSURANCE, EMPL UNEMPLOYMENT BNFTS HOSPITAL & MEDICAL (DENTAL) INS, EMPL BNFT TOTAL EMPLOYEE BENEFITS 27,382 DB8760.1 46,320 DB8760.4 DB 73,702 DB8760.0 DB DB DB DB DB 73,702 13,185 DB9010.8 22,419 DB9030.8 26,263 DB9040 8 D69050.$ 3,982 DB9055.8 54,302 DB9060.8 120,151 0 0 0 0 19,478 24,617 52,019 5 TF- 1 51,464 150,05 TOTAL EXPENDITURES 1,079,687 1 97.,(,16 = INTERFUND TRANSFERS DB9901.9 42,510 TOTAL DETAIL EXPENDITURES AND OTHER USES 1,079,687 1,340,126 44 ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (DB) HIGHWAY -PART -TOWN RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR* PRIOR PERIOD ADJ.- INCREASE IN FUND EQUITY PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY RESTATED FUND EQUITY - BEG OF YEAR ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES FUND EQUITY - END OF YEAR* $594,172 DB8021 0 DB8012 0 DB8015 594,172 DB8022 1,253,725 1,079,687 768,210 DB8029 5768,210 0 0 768,210 1,194,380 1,340,126 622.464 * TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE REPORTED AS A PRIOR PERIOD ADJUSTMENT. PLEASE EXPLAIN ALL PRIOR PERIOD ADJUSTMENTS BELOW. • 45 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (DB) HIGHWAY -PART -TOWN SUMMARY OF FINAL BUDGET AS MODIFIED TOTAL ESTIMATED REVENUES AND OTHER SOURCES 1,458,494 46 M M 1,491,005 FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ESTIMATED REVENUES AND OTHER SOURCES EST REV - DEPARTMENTAL INCOME S0. DB1299M S 0 EST. REV. - INTERGOVERNMENTAL CHARGES 10,000 DB2399M 13,255 EST REV - USE OF MONEY AND PROPERTY 4,000 DB2499M 11,000 EST REV - SALE OF PR -OP AND COMP FOR LOSS 20,000 DB2699M 27,680 EST REV - STATE AID 40,000 DB3099M 46,000 EST REV - FEDERAL AID 125,000 DB4099M 0 EST REV - LOCAL SOURCES DB 2770M 3,000 DB M TOTAL ESTIMATED REVENUES 199,000 100,935 -ESTIMATED - INTERFUND TRANSFER 1,001,370 DB5031M 934,003 APPROPRIATED FUND BALANCE 258,124 DB 599M 456,067 DB M DB M TOTAL ESTIMATED OTHER SOURCES 1,259,494 TOTAL ESTIMATED REVENUES AND OTHER SOURCES 1,458,494 46 M M 1,491,005 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (DB) HIGHWAY -PART -TOWN SUMMARY OF FINAL BUDGET AS MODIFIED DESCRIPTION APPROPRIATIONS APP - TRANSPORTATION APP - EMPLOYEE BENEFITS TOTAL ESTIMATED EXPENDITURES INTERFUND TRANSFERS FOR THE FISCAL EDP FOR. THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 $1,308,867 DB5999M 149,627 DB9199M DB M DB M 1,458,494 TOTAL APPROPRIATIONS 1,458,494 47 1,294,140 154,355 M 42,510 M 1,491,005 E • TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (FX) WATER BALANCE SHEET DESCRIPTION ASSETS CASH CASH IN TIME DEPOSITS TOTAL CASH WATER RENTS RECEIVABLE ACCRUED INTEREST RECEIVABLE ACCRUED SERVICES RECETVARLE TOTAL OTHER RECEIVABLES (NET) DUE FROM OTHER GOVERNMENTS TOTAL DUE FROM OTHER GOVERNMENTS PREPAID ASSETS TOTAL ASSETS FOR THE FISCAL YEAR ENDED 1996 EDP FOR THE FISCAL CODE YEAR ENDED 1997 $586,263 FX 200 605,209 FX 201 FX FX 1,191,472 205,283 FX 350 141,203 FX 381 FX FX 346,486 137,316 FX 440 FX FX 137,316 1,675,274 48 5 741,156 741,156 169,384 1,210 170,594 694 694 88 912,532 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (FX) WATER BALANCE SHEET FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE $245,920 FX 600 $ 7,235 ACCRUED LIABILITIES FX 13,000 FX TOTAL ACCOUNTS PAYABLE 245,920 20,235 DUE TO OTHER FUNDS 401,819 FX 630 106,520 FX FX TOTAL DUE TO OTHER FUNDS 401,819 106,520 BALANCING CODE - OSC USE ONLY 1 FX 799 FOR OSC USE ONLY FX FX TOTAL LIABILITIES AND FUND EQUITY 1 TOTAL TOTAL LIABILITIES 647,740 126,755 RESERVE FOR ENCUMBRANCES 80,739 FX 821 26,613 FX FX TOTAL RESERVE FOR ENCUMBRANCES 80,739 26,613 UNRESERVED FUND BALANCE APPROPRIATED 223,132 FX 910 160,009 FX FX TOTAL UNRESERVED FUND BALANCE - APPROPRIATED 223,132 160,009 UNRESERVED FUND BALANCE UNAPPROPRIATED 723,663 FX 911 599,153 FX FX 11 49 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (FX) WATER BALANCE SHEET FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 LIABILITIES AND FUND EQUITY TOTAL UNRESERVED FUND BALANCE - UNAPPROPRIATED $723,663 TOTAL TOTAL FUND EQUITY 1,027,534 TOTAL LIABILITIES AND FUND EQUITY 1,675,274 - 50 S 599,153 759,162 912,530 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (FX) WATER RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES SPECIAL ASSESSMENTS AD VALOREM $604,491 FX1028 $ 618,256 FX FX TOTAL REAL PROPERTY TAXES 604,491 618,256 METERED WATER SALES 1,316,194 FX2140 1,407,504 WATER SERVICE CHARGES 3,622 FX2144 6,202 INTEREST & PENALTIES ON WATER RENTS 13,807 FX2148 41,432 FX FX TOTAL DEPARTMENTAL INCOME 1,333,623 1,455,138 SERVICE FOR OTHER GOVTS 137,969 FX2378 37,114 FX FX TOTAL INTERGOVERNMENTAL CHARGES 137,969 37,114 INTEREST AND EARNINGS 41,494 FX2401 43,056 FX FX TOTAL USE OF MONEY AND PROPERTY 41,494 43,056 INSURANCE RECOVERIES 1,765 FX2680 659 FX FX TOTAL SALE OF PROPERTY AND COMPENSATION FOR LOSS 1,765 659 REFUNDS OF PRIOR YEAR'S EXPENDITURES 39,839 FX2701 (161,332) UNCLASSIFIED (SPECIFY) 152 FX2770 FX FX TOTAL MISCELLANEOUS LOCAL SOURCES 39,991 1,992,891 51 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (FX) WATER RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES BALANCING CODE - OSC USE ONLY 1 FX4888 FOR OSC USE ONLY FX S FX TOTAL 0102 55 1 TOTAL TOTAL REVENUES 2,159,334 1,992,891 INTERFUND TRANSFERS 0 FX5031 FX FX TOTAL INTERFUND TRANSFERS 0 TOTAL TOTAL OTHER SOURCES 0 TOTAL DETAIL REVENUES AND OTHER SOURCES 2,159,334 1,992,891 52 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (FX) WATER RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES WATER TRANS & DISTRIB, PERS SERV WATER TRANS & DISTRIB, EQUIP & CAP OUTLAY WATER TRANS & DISTRIB, CONTR EXPEND TOTAL TRANSMISSION AND DISTRIBUTION COMMON WATER SUPPLY, CONTR EXPEND TOTAL COMMON WATER SUPPLY WATER TRANS & DISTRIB CONTR GENERAL GOVERNMENT SUPPORT TOTAL HOME AND COMMUNITY SERVICES STATE RETIREMENT, EMPL BNFTS SOCIAL SECURITY, EMPL BNFTS WORKERS COMPENSATION, EMPL . BNFTS DISABILITY INSURANCE, EMPL BNFTS HOSPITAL & MEDICAL (DENTAL) INS, EMPL BNFT TOTAL EMPLOYEE BENEFITS DEBT PRINCIPAL, SERIAL BONDS TOTAL DEBT PRINCIPAL DEBT INTEREST, SERIAL BONDS TOTAL DEBT INTEREST $28,103 FX8340.1 1,559 FX8340.2 354,008 FX8340.4 FX 383,670 FX8340.0 969,822 969,822 FX8350.4 FX FX8350.0 FX FX FX FX FX 1,353,492 1,433 FX9010.8 2,129 FX9030.8 6,200 FX9040.8 61 FX9055.8 53 1,221 FX9060.8 11,044 465,813 FX9710.6 465,813 238,606 FX9710.7 238,606 • $ 52,534 28,684 4,025 379,301 1,893 460,519 1,229,124 1,120 1,229,124 8,835 13,474 212,025 1.703.117 1,685 4,025 1,893 112 1,120 8,835 212,025 212,025 192,989 192,989 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED'1997 (FX) WATER RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES TOTAL EXPENDITURES $2,068,955 $2,116,966 TRANSFERS, OTHER FUNDS 0 FX9901.9 144,297 TOTAL TRANSFERS 0 TOTAL OTHER USES 0 TOTAL DETAIL EXPENDITURES AND OTHER USES .2,68,955 2,261,263 54 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (FX) WATER RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR* PRIOR PERIOD ADJ.-INCREASE IN FUND EQUITY PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY RESTATED FUND EQUITY - BEG OF YEAR ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES FUND EQUITY - END OF YEAR* $937,155 FX8021 0 FX8012 0 FX8015 937,155 FX8022 2,159,334 2,068,955 1,027,534 FX8029 $1,027,534 0 0 1,027,534 1,992,891 2,261,263 759,162 * TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE REPORTED AS A PRIOR PERIOD ADJUSTMENT. PLEASE EXPLAIN ALL PRIOR PERIOD ADJUSTMENTS BELOW. 55 • 11 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (FX) WATER SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ESTIMATED REVENUES AND OTHER SOURCES EST REV - REAL PROPERTY TAX ITEMS EST REV - DEPARTMENTAL INCOME EST REV -INTERGOVERNMENTAL CHARGES EST REV - USE OF MONEY AND PROPERTY EST REV - COMPENSATED LOSSES TOTAL ESTIMATED REVENUES APPROPRIATED FUND BALANCE TOTAL ESTIMATED OTHER SOURCES TOTAL ESTIMATED REVENUES AND OTHER SOURCES $592,194 FX1099M 1,377,383 FX1299M 10,000 FX2399M 15,000 FX2499M FX M FX M 1,994,577 223,132 FX 599M FX M FX M 223,132 2,217,709 56 M M S 632,552 1,292,730 50,000 30,000 1,500 2,006,782 536,614 536,614 2,543,366 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (FX) WATER SUMMARY OF FINAL BUDGET AS MODIFIED DESCRIPTION APPROPRIATIONS APP -HOME AND COMMUNITY FOR THE FISCAL EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 SERVICES $1,782,580 FX8999M APP - EMPLOYEE BENEFITS 11,044 FX9199M APP - DEBT SERVICE 424,085 FX9899M APP - GENERAL GOVERNMENT SUPPORT 202,893 FX M FX M TOTAL ESTIMATED EXPENDITURES 2,217,709 APP - INT.ERFUND TRANSFER 0 FX9999M FX M FX M TOTAL ESTIMATED OTHER USES 0 M M TOTAL APPROPRIATIONS 2,217,709 57 5 1.903 751 9.042 414,236 13,474 _2,340,503 202,893 -2,543,396 • 0 0 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (FX) WATER SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP DESCRIPTION YEAR ENDED 1996 CODE OUTSTANDING ENCUMBRANCES HOME & COMM SERV.—EMCUMBR $80,739 FX8998M FX M FX M TOTAL OUTSTANDING ENCUMBRANCES 80,739 58 FOR THE FISCAL YEAR ENDED 1997 S 26,613 ptliffel" (G) SEWER BALANCE SHEET DESCRIPTION ASSETS CASH CASH IN TIME DEPOSITS TOTAL CASH DUE FROM OTHER FUNDS SEWER RENTS RECEIVABLES TOTAL DUE FROM OTHER FUNDS PREPAID EXPENSES TOTAL ASSETS TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 FOR THE FISCAL EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 59 $14,946 G200 473,135 G201 G G 488,081 401,819 G391 G 360 G 401,819 889,900 200.056 88 --Igltpwoj —7 U 1 1 . 1 1 . 200.056 88 --Igltpwoj —7 U TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (G) SEWER BALANCE SHEET DESCRIPTION LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE TOTAL ACCOUNTS PAYABLE ACCRUED LIABILITIES TOTAL ACCRUED LIABILITIES TOTAL TOTAL LIABILITIES RESERVE FOR ENCUMBRANCES TOTAL RESERVE FOR ENCUMBRANCES UNRESERVED FUND BALANCE UNAPPROPRIATED TOTAL UNRESERVED FUND BALANCE - UNAPPROPRIATED TOTAL Wim:,• :. TOTAL FUND EQUITY TOTAL LIABILITIES AND FUND EQUITY .FOR THE FISCAL. EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 $0 G600 S 3,442 G G 0 3,442 7,995 G601 5,920 G G 7,995 5,920 7,995 9,362 20,330 G821 24,493 G G 20,330 24,493 861,575 G911 996,325 G G 861,575" 996,325 881,905 996,325' 889,900 1,030,180 60 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (G) SEWER RESULTS 'OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES SPECIAL ASSESSMENTS $570,835 G1030 $ 597,219 G G TOTAL REAL PROPERTY TAXES 570,835 597,219 SEWER RENTS 1,267,922 G2120 1,425,669 INTEREST & PENALTIES ON SEWER ACCTS 8,094 G2128 28,882 G G TOTAL DEPARTMENTAL INCOME 1,276,016 1,454,561 SEWER SERV OTHER GOVTS 12,425 G2374 0 G G' TOTAL INTERGOVERNMENTAL CHARGES 12,425 0 INTEREST AND EARNINGS 28,020 G2401 38,065 G G TOTAL USE OF MONEY AND PROPERTY 28,020 38,065 INSURANCE RECOVERIES 179 G2680 659 G G TOTAL SALE OF PROPERTY AND COMPENSATION FOR LOSS 179 659 UNCLASSIFIED (SPECIFY) 0 G2770 - (276) G G TOTAL MISCELLANEOUS LOCAL SOURCES 0 (276) TOTAL 2,090,228 61 ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (G) SEWER RESULTS OF OPERATIONS FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 DETAIL REVENUES AND OTHER SOURCES TOTAL REVENUES INTERFUND TRANSFERS TOTAL INTERFUND TRANSFERS TOTAL TOTAL OTHER SOURCES TOTAL DETAIL REVENUES AND OTHER SOURCES $1,887,475 0 0 0 1,887,475 62 EDP FOR THE FISCAL CODE YEAR ENDED 1997 G5O31 G G 5 2,090,228 2,090,228 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (G) SEWER RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES SANITARY SEWERS, PERS SERV SANITARY SEWERS, EQUIP & CAP OUTLAY SANITARY SEWERS, CONTR EXPEND TOTAL SANITARY SEWERS JOINT SEWER PROJECT, CONTR EXPEND TOTAL JOINT SEWER PROJECT GENERAL GOVERNMENT SUPPORT INDEPENDANT AUDIT FTSCA , AGENT FEES ATTORNEY UNALLOCATED INSURANCE INTERFUND TRANSFERS TOTAL HOME AND COMMUNITY SERVICES STATE RETIREMENT, EMPL BNFTS SOCIAL SECURITY , EMPL BNFTS WORKER'S COMPENSATION, EMPL BNFTS DISABILITY INSURANCE, EMPL BNFTS HOSPITAL & MEDICAL (DENTAL) INS, EMPL BNFT TOTAL EMPLOYEE BENEFITS DEBT PRINCIPAL, SERIAL BONDS DEBT PRINCIPAL, BOND ANTICIPATION NOTES TOTAL DEBT PRINCIPAL DEBT INTEREST, SERIAL BONDS DEBT INTEREST, BOND ANTICIPATION NOTES $37,420 629 364,249 402,298 539,500 539,500 G8120.1 G8120.2 G8120.4 G G8120.0 G8150.4 G G8150.0 G 1'20.4 G 1380.4 G 1420.4 G 1910.4 G 941,798 1,433 G9010.8 2,765 G9030.8 7,440 G9040.8 61 G9055.8 1,220 G9060.8 12,919 377,475 G9710.6 43,000 G9730.6 420,475 258,238 G9710.7 11,287 G9730.7 63 9 1 -1A7-711 1,685 ?,811 1 .788 170 1.3Q2 7.756 372,975 172,000 54-4.975 275.366 Cl (G)* SEWER RESULTS OF OPERATIONS TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 DETAIL EXPENDITURES AND OTHER USES TOTAL DEBT INTEREST $269,525 TOTAL EXPENDITURES 1,644,717 TOTAL DETAIL EXPENDITURES AND OTHER USES 1,644,717 64 EDP FOR THE FISCAL CODE YEAR ENDED 1997 5 275,366 1,975,809 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (G) SEWER RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR* $639,147 G8021 $881,905 PRIOR PERIOD ADJ.- INCREASE IN FUND EQUITY 0 G8012 0 PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY 0 G8015 0 RESTATED FUND EQUITY - BEG OF YEAR 639,147 G8022 881,905 ADD - REVENUES AND OTHER SOURCES 1,887,475 2j090,228 DEDUCT - EXPENDITURES AND OTHER USES 1,644,717 1,975,808 FUND EQUITY - END OF YEAR* 881,905 G8029 996,325 * TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR PROPRIETARY FUNDS. ADJUSTMENTS TO -BEGINNING FUND EQUITY RESULTING FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE REPORTED AS A PRIOR PERIOD ADJUSTMENT. PLEASE EXPLAIN ALL PRIOR PERIOD ADJUSTMENTS BELOW. 11 65 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (G) SEWER SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ESTIMATED REVENUES AND OTHER SOURCES EST REV - REAL PROPERTY TAX ITEMS $602,950 G1099M $ 612,334 EST REV - DEPARTMENTAL INCOME 1,163,000 G1299M 1,166,311 EST REV -INTERGOVERNMENTAL CHARGES 51000 G2399M 0 EST REV - USE OF MONEY AND PROPERTY 15,000 G2499M 21,000 EST REV -MISCELLANEOUS LOCAL SOURCES . 11000 G2799M 200 EST REV - INSURANCE RECOVERIES G M 480 G M TOTAL ESTIMATED REVENUES 1,786,950 1,800,325 M M TOTAL ESTIMATED REVENUES AND OTHER SOURCES 1,786,950 1,800,325 66 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (G) SEWER SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 APPROPRIATIONS APP - HOME AND COMMUNITY SERVICES $1,040,984 G8999M S 1,,130,370 APP - EMPLOYEE BENEFITS 12,920 G9199M 8,694 APP - DEBT SERVICE 720,045 G9899M 820,342 APP - GENERAL QGVEMENT SUPPORT G M 13,255 G M TOTAL ESTIMATED EXPENDITURES 1,773,949 1,972,661 OTHER BUDGETARY PURPOSES 13,001 G 962M 0 G M G M TOTAL ESTIMATED OTHER USES 13,001 0 TNT .RFUND TRANSFERS M 137,410 M TOTAL APPROPRIATIONS 1,786,950 2,110,071 • 67 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (G) SEWER SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 OUTSTANDING ENCUMBRANCES HOME & COMM. SERV. - ENCUMBR. TOTAL OUTSTANDING ENCUMBRANCES 68 EDP FOR THE FISCAL CODE YEAR ENDED 1997 $20,330 G8998M $ 24,492 G M G M- 20,330 24,492 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (SF) FIRE PROTECTION BALANCE -SHEET DESCRIPTION ASSETS CASH CASH IN TIME DEPOSITS TOTAL CASH TOTAL ASSETS FOR THE FISCAL EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 69 $33 SF 200 $ 16,414 SF 201 SF SF 16,447 16,447 740 C7 • TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (SF) FIRE PROTECTION BALANCE SHEET FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE $0 SF 600 SF SF TOTAL ACCOUNTS PAYABLE 0 DUE TO OTHER FUNDS 12,082 SF 630 SF SF TOTAL DUE TO OTHER FUNDS 12,082 TOTAL TOTAL LIABILITIES UNRESERVED FUND BALANCE UNAPPROPRIATED 12,082 4,365 SF 911 SF SF TOTAL UNRESERVED FUND BALANCE - UNAPPROPRIATED 4,365 TOTAL TOTAL FUND EQUITY 4,365 TOTAL LIABILITIES AND FUND EQUITY 16,447 70 S 0 0 0 740 740 740 740 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (SF) FIRE PROTECTION RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES REAL PROPERTY TAXES $1,520,091 SF1001 y 1,536,609 SF 71 SF TOTAL REAL PROPERTY TAXES 1,520,091 1 ,536,609 OTHER PAYMENTS IN LIEU OF TAXES 6,625 SF1081 6,446 SF SF TOTAL REAL PROPERTY TAX ITEMS 6,625 6,446 SALES TAX (FROM COUNTY) 75,000 SF1120 165,779 - SF SF TOTAL NON PROPERTY TAX ITEMS 75,000 165,779 INTEREST AND EARNINGS 6,992 SF2401 13,910 SF SF TOTAL USE OF MONEY AND PROPERTY 6,992 13,910 TOTAL TOTAL REVENUES 1,608,708 1,722,743 TOTAL DETAIL REVENUES AND OTHER SOURCES 1,608,708 1,722,743 71 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (SF) FIRE PROTECTION RESULTS OF OPERATIONS FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 DETAIL EXPENDITURES AND OTHER USES . FIRE PROTECTION, CONTR EXPEND TOTAL FIRE PROTECTION EDP CODE FOR THE FISCAL YEAR ENDED 1997 $1,624,091 SF3410.4 $ 1,726,368 SF - 1,624,091 SF3410.0 1,726,368 SF SF SF SF SF TOTAL PUBLIC SAFETY 1,624,091 1,726,368 TOTAL EXPENDITURES 1,624,091 _1,726,368 TOTAL DETAIL EXPENDITURES AND OTHER USES 1,624,091 1,726,368 . 72 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997' (SF) FIRE PROTECTION RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR* $19,748 SF8021 $4,365 PRIOR PERIOD ADJ.- INCREASE IN FUND EQUITY 0 SF8012 0 PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY 0 SF8015 0 RESTATED FUND EQUITY - BEG OF YEAR 19,748 SF8022 4,365 ADD - REVENUES AND OTHER SOURCES 1,608,708 1,722,743 DEDUCT - EXPENDITURES AND OTHER USES 1,624,091 1,726,368 FUND EQUITY - END OF YEAR* 4,365 SF8029 740 * TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE REPORTED AS A PRIOR PERIOD ADJUSTMENT. PLEASE EXPLAIN ALL PRIOR PERIOD ADJUSTMENTS BELOW. - 73 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (SF) FIRE PROTECTION SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 ESTIMATED REVENUES AND OTHER SOURCES EST REV - REAL PROPERTY TAXES EST REV - REAL PROPERTY TAX ITEMS EST REV - DEPARTMENTAL INCOME EST REV - USE OF MONEY AND PROPERTY TOTAL ESTIMATED REVENUES APPROPRIATED FUND BALANCE TOTAL ESTIMATED'OTHER SOURCES TOTAL ESTIMATED REVENUES AND OTHER SOURCES EDP FOR THE FISCAL CODE YEAR ENDED 1997 $1,520,091 SF1049M 6,625 SF1099M 75,000 SF1299M 6,991 SF2499M SF M SF M 1,608,707- 15,384 SF 599M SF M SF M 15,384 M M 1,624,091 74 S 1,536,609 6,235 164,779 20,000 1,727,623 0 0 1,727,623 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (SF) FIRE PROTECTION SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 APPROPRIATIONS APP - PUBLIC SAFETY TOTAL ESTIMATED EXPENDITURES TOTAL APPROPRIATIONS $1,624,091 SF3999M SF M SF M 1,624,091 M M 1,624,091 75 5 1,727,623 1,727,623 1,727,623 L' 0 (SL) LIGHTING BALANCE SHEET DESCRIPTION ASSETS CASH CASH IN TIME DEPOSITS TOTAL CASH TOTAL ASSETS TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 FOR THE FISCAL EDP YEAR ENDED 1996 CODE 76 $0 SL 200 5,592 SL 201 SL SL 5,592 5,592 FOR THE FISCAL YEAR ENDED 1997 2,888 2,888 2,888 Ll 77 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL'YEAR ENDED 1997 (SL) LIGHTING BALANCE SHEET FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE $-1,148 SL 600 $ 0 SL SL TOTAL ACCOUNTS PAYABLE -1,148 0 TOTAL TOTAL LIABILITIES -1,148 n UNRESERVED FUND BALANCE. APPROPRIATED 2,005 SL 910 0 SL SL TOTAL UNRESERVED FUND BALANCE - 0 APPROPRIATED 2,005 0 UNRESERVED FUND BALANCE UNAPPROPRIATED 4,735 SL 911 2,888 SL SL TOTAL UNRESERVED FUND BALANCE - UNAPPROPRIATED 4,735 2,888 TOTAL TOTAL FUND EQUITY 6,740 2,888 TOTAL LIABILITIES AND FUND EQUITY 5,592 2,888 Ll 77 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (SL) LIGHTING RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES REAL PROPERTY TAXES $12,218 SL1001 $ 11.805 SL TOTAL REAL PROPERTY TAXES INTEREST AND EARNINGS TOTAL USE OF MONEY AND PROPERTY UNCLASSIFIED (SPECIFY) REFUND OF PRIOR YEARS EXPENSE TOTAL MISCELLANEOUS LOCAL SOURCES TOTAL TOTAL REVENUES TOTAL DETAIL REVENUES AND OTHER SOURCES 78 SL 12,218 11,805 375 SL2401 302 SL SL 375 302 1,818 SL2770 SL 2701 (3.343) SL 1,818 (3.343) 14,411 8.764 14,411 8.764 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (SL) LIGHTING RESULTS OF OPERATIONS 79 r1 U • • FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES STREET LIGHTING, CONTR EXPEND $13,978 SL5182.4 S 12.616 SL TOTAL STREET LIGHTING 13,978 SL5182.0 12.616 SL SL SL SL SL TOTAL TRANSPORTATION 13,978 12,616 TOTAL EXPENDITURES 13,978 12,616 TOTAL DETAIL EXPENDITURES AND OTHER USES 13,978 12,616 79 r1 U • • TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (SL) LIGHTING RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR* PRIOR PERIOD ADJ - INCREASE IN FUND EQUITY PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY RESTATED FUND EQUITY - BEG OF YEAR ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES FUND EQUITY - END OF YEAR* 56,307 SL8021 0 SL8012 0 -SL8015 6,307 SL8022 14,411 13,978 6,740 SL8029 56,740 0 * TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE REPORTED AS A PRIOR PERIOD ADJUSTMENT. PLEASE EXPLAIN ALL PRIOR PERIOD ADJUSTMENTS BELOW. 80 0 6,740 8,764 - 12,616 2,888 * TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE REPORTED AS A PRIOR PERIOD ADJUSTMENT. PLEASE EXPLAIN ALL PRIOR PERIOD ADJUSTMENTS BELOW. 80 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (SL) LIGHTING SUMMARY OF FINAL BUDGET AS MODIFIED • 81 FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 . ESTIMATED REVENUES AND OTHER SOURCES EST REV - REAL PROPERTY TAXES $12,300 SL1049M $ 11,805 EST REV --USE OF MONEY AND PROPERTY 240 SL2499M 365 SL M SL M TOTAL ESTIMATED REVENUES 12,540 12,170 APPROPRIATED FUND BALANCE 2,005 SL 599M 2,620 SL M SL M TOTAL ESTIMATED OTHER SOURCES 2,005 2,620 M M TOTAL ESTIMATED REVENUES AND OTHER SOURCES 14,545 14,790 • 81 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (SL) LIGHTING SUMMARY OF FINAL BUDGET AS MODIFIED FOR THE FISCAL EDP DESCRIPTION YEAR ENDED 1996 CODE APPROPRIATIONS APP - TRANSPORTATION TOTAL ESTIMATED EXPENDITURES TOTAL APPROPRIATIONS 82 $14,545 SL5999M SL M SL M 14,545 14,545 M M FOR THE FISCAL YEAR ENDED 1997 $ 14,790 14,790 14,790 (V) DEBT SERVICE BALANCE SHEET DESCRIPTION ASSETS CASH CASH IN TIME DEPOSITS TOTAL CASH TOTAL ASSETS TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 FOR THE FISCAL EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 83 $0 V200 5,016 V201 V V 5,016 5,016 $ 5,209 5,209 5,209 • 7 �m TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (V) DEBT SERVICE BALANCE SHEET DESCRIPTION LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE TOTAL ACCOUNTS PAYABLE TOTAL TOTAL LIABILITIES FUND BALANCE -RESERVED FOR BONDED DEBT TOTAL SPECIAL RESERVES UNRESERVED FUND BALANCE UNAPPROPRIATED TOTAL UNRESERVED FUND BALANCE - UNAPPROPRIATED TOTAL TOTAL FUND EQUITY TOTAL LIABILITIES AND FUND EQUITY FOR THE FISCAL EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 84 $0 V600 S V V 0 0 5,016 V884 5,209 V V 5,016 5,209 0 V911 V V 0 5,016 5,209 5,016 5,209 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (V) DEBT SERVICE RESULTS OF OPERATIONS FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 DETAIL REVENUES AND OTHER SOURCES EDP FOR THE FISCAL CODE YEAR ENDED 1997 INTEREST AND EARNINGS $137 V2401 V TOTAL USE OF MONEY AND PROPERTY TOTAL TOTAL REVENUES INTERFUND TRANSFERS TOTAL INTERFUND TRANSFERS TOTAL TOTAL OTHER SOURCES TOTAL DETAIL REVENUES AND OTHER SOURCES 85 V 137 137 0 V5031 V V 0 0 137 5 193 193 193 0 0 0 193 r 1 U 11 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT. FOR THE FISCAL YEAR ENDED 1997 (V) DEBT SERVICE RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES TRANSFERS, OTHER FUNDS $0 V9901.9 $ 0 TOTAL TRANSFERS 0 0 TOTAL OTHER USES 0 0 TOTAL DETAIL EXPENDITURES AND OTHER USES 0 0 86 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (V) DEBT SERVICE RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR* 54,879 PRIOR PERIOD ADJ.- INCREASE IN FUND.EQUITY 0 PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY .0 RESTATED FUND EQUITY - BEG OF YEAR 4,879 ADD - REVENUES AND OTHER SOURCES 137 FUND EQUITY - END OF YEAR* 5,016 V8021 V8012 V8015 V8022 $5,016 0 0 5,016 193 V8029 5,209 * TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING .FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE REPORTED AS A PRIOR PERIOD ADJUSTMENT. PLEASE EXPLAIN ALL PRIOR PERIOD ADJUSTMENTS BELOW. 87 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (H) CAPITAL PROJECTS BALANCE SHEET 88 FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ASSETS CASH $358 H200 $ 0 H H TOTAL CASH 358 0 INVESTMENTS IN REPURCHASE AGREEMENTS 0 H451 0 H H TOTAL INVESTMENTS 0 0 ACCOUNTS RECEIVABLE 0 H380 0 H H TOTAL OTHER RECEIVABLES (NET) 0 0 DUE FROM OTHER FUNDS 0 H391 0 H H TOTAL DUE FROM OTHER. FUNDS 0 0 CASH SPECIAL RESERVES 1,565,633 H230 1,871,192 H H TOTAL RESTRICTED ASSETS 1,565,633 1,871,192 TOTAL ASSETS 1,565,991 1,871,192 88 89 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (H) CAPITAL PROJECTS BALANCE SHEET FOR THE FISCAL EDP FOR THE_FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 LIABILITIES AND FUND EQUITY ACCOUNTS PAYABLE $0 H600 $ H H TOTAL ACCOUNTS PAYABLE 0 BOND ANTICIPATION NOTES PAYABLE 172,000 H626 0 H H TOTAL NOTES PAYABLE 172,000 0 TOTAL TOTAL LIABILITIES 172,000 0 CAPITAL RESERVE 1,565,991 H878 1,871,192 H H TOTAL SPECIAL RESERVES 1,565,991 1,871,192 UNRESERVED FUND BALANCE UNAPPROPRIATED -172,000 H911 0 H H TOTAL UNRESERVED FUND BALANCE - UNAPPROPRIATED -172,000 0 TOTAL TOTAL FUND EQUITY 1,393,991 1,871,192 TOTAL LIABILITIES AND FUND EQUITY 1,565,991 1,871,192 89 0 90 1 uww ur J. I rtA...A ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (H) CAPITAL PROJECTS RESULTS OF OPERATIONS FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL REVENUES AND OTHER SOURCES INTEREST AND EARNINGS $45,459 H2401 S 92,631 H H TOTAL USE OF MONEY AND PROPERTY 45,459 92,631 TOTAL TOTAL REVENUES 45,459 92,631 INTERFUND TRANSFERS 160,000 H5031 216,803 H H TOTAL INTERFUND • TRANSFERS 160,000 216,803 BANS REDEEMED FROM APPROPRIATIONS 43,000 H5731 172,000 H H TOTAL PROCEEDS OF OBLIGATIONS 43,000 172,000 TOTAL TOTAL OTHER SOURCES 203,000 0 TOTAL DETAIL REVENUES AND OTHER SOURCES 248,459 481,434 0 90 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (H) CAPITAL PROJECTS RESULTS OF OPERATIONS is • 91 FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 DETAIL EXPENDITURES AND OTHER USES SEWER, EQUIP & CAP OUTLAY 50 H8197.2 S WATER CAPITAL PROJECTS, EQUIP & CAP OUTLAY 0 H8397.2 H H H H H TOTAL HOME AND COMMUNITY SERVICES 0 TOTAL EXPENDITURES 0 TRANSFERS, OTHER FUNDS 0 H9901.9 TOTAL TRANSFERS 0 TOTAL OTHER USES 0 4,233 TOTAL DETAIL EXPENDITURES AND OTHER USES 0 4,233 • 91 (H) CAPITAL PROJECTS RESULTS OF OPERATIONS DESCRIPTION fOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 FOR THE FISCAL YEAR ENDED 1996 ANALYSIS OF CHANGES IN FUND EQUITY FUND EQUITY - BEGINNING OF YEAR* PRIOR PERIOD ADJ.- INCREASE IN FUND EQUITY PRIOR PERIOD ADJ - DECREASE IN FUND EQUITY RESTATED FUND EQUITY - BEG OF YEAR ADD - REVENUES AND OTHER SOURCES FUND EQUITY - END OF YEAR* $1,145,532 0 0 1,145,532 248,459 1,393,991 EDP CODE H8021 H8012 H8015 H8022 H8029 FOR THE FISCAL YEAR ENDED 1997 $1,393,991 0 0 1,393.991 477.201 1.871.192 * TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE REPORTED AS A PRIOR PERIOD ADJUSTMENT. PLEASE EXPLAIN ALL PRIOR PERIOD ADJUSTMENTS BELOW. 92 TOWN OF ITHACA ANNUAL UPDATE- DOCUMENT FOR THE FISCAL YEAR ENDED 1997 • (TA) AGENCY BALANCE SHEET FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 ASSETS CASH $47,682 TA 200 5 1,372 TA TA TOTAL CASH 47,682 1,372 SECURITIES & MORTGAGES 0 TA 455 0 DEFERRED COMP PLAN ASSETS 0 TA 460 0 TA TA TOTAL INVESTMENTS 0 0 CASH, SPECIAL RESERVES 2,584 TA 230 0 TA TA TOTAL RESTRICTED ASSETS 2,584 0 OTHER ASSETS 0 TA 489 0 TA TA TOTAL OTHER 0 0 TOTAL ASSETS 50,266 1,372 • 93 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (TA) AGENCY BALANCE SHEET DESCRIPTION LIABILITIES DUE TO OTHER FUNDS TOTAL DUE TO OTHER FUNDS CONSOLIDATED PAYROLL STATE RETIREMENT DISABILITY INSURANCE GROUP INSURANCE SOCIAL SECURITY TAX GUARANTY & BID DEPOSITS OTHER FUNDS (SPECIFY) TOTAL AGENCY LIABILITIES BALANCING CODE - OSC USE ONLY TOTAL LIABILITIES FOR THE FISCAL EDP FOR THE FISCAL. YEAR ENDED 1996 CODE YEAR ENDED 1997 94 $9,731 TA 630 $ 0 TA TA 9,731 0 607 TA 10 5 12,812 TA 18 2,114 TA 19 560 1,856 TA 20 (48) 12 TA 26 855 TA 30 855 21,789 TA 85 TA TA 40,045 1,372 490 TA 799 FOR OSC USE ONLY TA TA 50,266 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (K) GENERAL FIXED ASSETS BALANCE SHEET DESCRIPTION ASSETS LAND BUILDINGS IMPROVEMENTS OTHER THAN BUILDINGS - MACHINERY & EQUIPMENT TOTAL ASSETS FOR THE FISCAL EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 $118,849 K101 $ 118,849 410,674 K102 410,674 258,467 K103 258,467 1,675,942 K104 2,011,920 K K 2,463,932 2,799,910 95 0 C� TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR'ENDED 1997 (K) GENERAL FIXED ASSETS BALANCE SHEET FOR THE FISCAL EDP FOR THE FISCAL DESCRIPTION YEAR ENDED 1996 CODE YEAR ENDED 1997 INVESTMENT IN GENERAL FIXED ASSETS INVEST GENERAL FXD ASSETS -CURRENT APP $1,900,002 K152 $ 348,740 INVEST GENERAL FXD ASSETS -GIFTS 44,500 K153 0 INVEST GENERAL FXD ASSETS -FEDERAL AID 519,430 K157 PRIOR YEARS APPROPRIATIONS K 158 2,451,170 K TOTAL INVESTMENT IN GENERAL FIXED ASSETS 2,463,932 2,799,910 96 TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (W) GENERAL LONG-TERM DEBT BALANCE SHEET DESCRIPTION ASSETS AMTS TO BE PROV FOR LONG-TERM TOTAL ASSETS FOR THE FISCAL EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 $7,151,904 W125 W W 7,151,904 97 $ 6,462,991 6,462,991 1] • TOWN OF ITHACA ANNUAL UPDATE DOCUMENT FOR THE FISCAL YEAR ENDED 1997 (W) GENERAL LONG-TERM DEBT BALANCE SHEET DESCRIPTION LIABILITIES COMPENSATED ABSENCES TOTAL OTHER LIABILITIES DUE TO EMPLOYEES' RETIREMENT SYSTEM TOTAL DUE TO OTHER GOVERNMENTS BONDS PAYABLE STATUTORY INSTALLMENT BONDS Ank VF TOTAL BOND AND LONG TERM LIABILITIES TOTAL TOTAL LIABILITIES . Is FOR THE FISCAL EDP FOR THE FISCAL YEAR ENDED 1996 CODE YEAR ENDED 1997 $37,723 W687 S 21,079 W W 37,723 21 ,079 67,041 W637 0 W W 67,041 0 7,047,140 W628 6,375,000 W 629 66,912 W 7,047,140 6,441,912 7,151,904 6,462,991 98 • *** SUPPLEMENTAL SECTION *:E* 0 99 _STATEMENT OF INDEBTEDNESS WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT TAX ANTICIPATION NOTES I ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT I ITAX ANTICIPATION NOTE NO. 1 (MONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18611 S I IISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18613 S I IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18615 S I (OUTSTANDING END OF FISCAL YEAR 2P18617 S I IFINAL MATURITY DATE I I I ITAX ANTICIPATION NOTE NO. 2 I I I (MONTH AND YEAR OF ISSUE I ICU•RRENT INTEREST RATE I IOUTSTANDING BEGINNING OF YEAR 2P18611 S I (ISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18613 S I IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18615 S I (OUTSTANDING END OF FISCAL YEAR 2P18617 S I IFINAL MATURITY DATE I I ITAX ANTICIPATION NOTE NO.'3 IMONTH AND YEAR OF ISSUE ICURRENT INTEREST RATE (OUTSTANDING BEGINNING OF YEAR 2P18611 IISSUED DURING FISCAL. YEAR I (DO NOT INCLUDE RENEWALS HERE) 2P18613 IPAID DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) 2P18615 (OUTSTANDING END OF FISCAL YEAR 2P18617 (FINAL MATURITY DATE TOTAL -TAX ANTICIPATION NOTES OUTSTANDING BEGINNING OF YEAR ISSUED DURING FISCAL YEAR PAID DURING FISCAL YEAR OUTSTANDING END OF FISCAL YEAR 100 STATEMENT OF INDEBTEDNESS WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT REVENUE ANTICIPATION NOTES (LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT I IREVENUE ANTICIPATION NOTE NO. 1 1 IMONTH AND YEAR OF ISSUE (CURRENT INTEREST RATE (OUTSTANDING BEGINNING OF YEAR 2P18621 S IISSUED DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) 2P18623 S (PAID DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) 2P18625 S [OUTSTANDING END OF FISCAL YEAR 2P18627 S IFINAL MATURITY DATE I IREVENUE ANTICIPATION NOTE NO. 2 1 (MONTH AND YEAR OF ISSUE (CURRENT INTEREST RATE IOUTSTANDING BEGINNING OF YEAR IISSUED DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) (PAID DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) IOUTSTANDING END OF FISCAL YEAR IFINAL MATURITY DATE I (REVENUE ANTICIPATION NOTE NO. 3 (MONTH AND YEAR OF ISSUE (CURRENT INTEREST RATE (OUTSTANDING BEGINNING OF YEAR IISSUED DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) IPAID DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) (OUTSTANDING END OF FISCAL YEAR (FINAL MATURITY DATE I TOTAL REVENUE ANTICIPATION NOTES OUTSTANDING BEGINNING OF YEAR ISSUED DURING FISCAL YEAR PAID DURING FISCAL YEAR OUTSTANDING END OF FISCAL YEAR 101 2P18621 S 2P18623 S 2P18625 S 2P18627 S 2P18621 S 2P18623 S 2P18625 S 2P18627 S S S S s ul I I I I I I� I I I I I I I I I I I I I I I AMOUNT STATEMENT OF INDEBTEDNESS WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT BUDGET NOTES 102 (LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT I I (BUDGET NOTE NO. 1 I I I (MONTH AND YEAR OF ISSUE I ICURRENT INTEREST RATE I IOUTSTANDING BEGINNING OF YEAR 2P18631 S I (ISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18633 $ I IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18635 $ I (OUTSTANDING END OF FISCAL YEAR 2P18637 S I IFINAL MATURITY DATE I i I [BUDGET NOTE NO. 2 I I I (MONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18631 S I IISSUED DUR-ING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18633 S I IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18635 S I (OUTSTANDING END OF FISCAL YEAR 2P18637 $ I (FINAL MATURITY DATE I (BUDGET NOTE NO. 3 I [MONTH AND YEAR OF ISSUE I ICURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18631 S I IISSUED DURING FISCAL YEAR 1 I (DO NOT INCLUDE RENEWALS HERE) 2P18633 S I (PAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18635 $ I (OUTSTANDING END OF FISCAL YEAR 2P18637 $ I (FINAL MATURITY DATE I I I TOTAL BUDGET NOTES AMOUNT OUTSTANDING BEGINNING OF YEAR $ ISSUED DURING FISCAL YEAR $ PAID DURING FISCAL YEAR $ OUTSTANDING END OF FISCAL YEAR S 102 0 STATEMENT OF INDEBTEDNESS WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT CAPITAL NOTES ILIST SEPARATELY BY DATE OF ISSUE EDPCODE I (CAPITAL NOTE NO. 1 (MONTH AND YEAR OF ISSUE (CURRENT INTEREST RATE (OUTSTANDING BEGINNING OF YEAR (ISSUED DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) (PAID DURING FISCAL YEAR (DO NOT INCLUDE RENEWALS HERE) TOUTSTANDING END OF FISCAL YEAR 2P4 57 (FINAL MATURITY DATE ICAPITAL'NOTE NO. 2 1 (MONTH AND YEAR OF ISSUE ICURRENT INTEREST RATE (OUTSTANDING BEGINNING OF YEAR IISSUED DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) IPAID DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) IOUTSTANDING END OF FISCAL YEAR 2P4 57 IFINAL MATURITY DATE I AMOUNT s I I s I I s I s I I B I �I I S I I S I I S (CAPITAL NOTE NO. 3 1 [MONTH AND YEAR OF ISSUE ICURRENT INTEREST RATE (OUTSTANDING BEGINNING OF YEAR S IISSUED DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE.) S IPAID DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) S (OUTSTANDING END OF FISCAL IFINAL MATURITY DATE I TOTAL CAPITAL NOTES YEAR OUTSTANDING BEGINNING OF YEAR ISSUED DURING FISCAL YEAR PAID DURING FISCAL YEAR OUTSTANDING END OF FISCAL YEAR 103 2P4 57 S 2P18651 2P18653 2P18655 2P18657 AMOUNT 11 STATEMENT OF INDEBTEDNESS WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT BOND ANTICIPATION NOTES I (LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT (BOND ANTICIPATION NOTE NO. 1 (MONTH AND YEAR OF ISSUE I ICURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR S I IISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) S I (PAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) S I (OUTSTANDING END OF FISCAL YEAR 2P4 67 S I [FINAL MATURITY DATE I I I (BOND ANTICIPATION NOTE NO. 2 I I I (MONTH AND YEAR OF ISSUE I ICURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR S I IISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) S I (PAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) S I (OUTSTANDING END OF FISCAL YEAR 2P4 67 S I (FINAL MATURITY DATE I IBOND ANTICIPATION NOTE NO. 3 I I I (MONTH AND YEAR OF ISSUE I ICURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR S I IISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) S I IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) S I IOUTSTANDING END OF FISCAL YEAR 2P4 67 IFINAL MATURITY DATE I 104 STATEMENT OF INDEBTEDNESS WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT BOND ANTICIPATION NOTES (LIST SEPARATELY BY DATE OF ISSUE I (BOND ANTICIPATION NOTE NO. 4 1 IMONTH AND YEAR OF ISSUE ICURRENT INTEREST RATE (OUTSTANDING BEGINNING OF YEAR (ISSUED DURING FISCAL YEAR - I (DO NOT INCLUDE RENEWALS HERE) IPAID DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) (OUTSTANDING END OF FISCAL YEAR IFINAL MATURITY DATE IBOND ANTICIPATION NOTE NO. 5 1 EDPCODE r-7 �J 2P4 67 $ (MONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I IOUTSTANDING BEGINNING OF YEAR S I IISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) s I IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) S I (OUTSTANDING END OF FISCAL YEAR 2P4 67 S I IFINAL MATURITY DATE I I I IBOND ANTICIPATION NOTE NO. 6 I I I IMONTH AND YEAR OF ISSUE (CURRENT INTEREST RATE (OUTSTANDING BEGINNING OF YEAR IISSUED DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) IPAID DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) (OUTSTANDING END OF FISCAL YEAR 2P4 67 IFINAL MATURITY DATE I TOTAL BOND ANTICIPATION NOTES OUTSTANDING BEGINNING OF YEAR ISSUED DURING FISCAL YEAR PAID DURING FISCAL YEAR OUTSTANDING END OF FISCAL YEAR *** BOND ANTICIPATION NOTES REDEEMED FROM BOND PROCEEDS DURING FISCAL YEAR 105 AMOUNT 2P18661 s 2P18663 s 2P18665 s 2P18667 s • 2P18885 s 0 STATEMENT OF INDEBTEDNESS WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT BONDS I ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT (BOND NO. 1 1 I S1,967,000 Water & Sewer Improvement 1976 6.00% I IMONTH AND YEAR OF ISSUE 09/76 ICURRENT INTEREST RATE 6.00 % I I OUTSTANDING BEGINNING OF YEAR 2P18671 $ 150,000 I (ISSUED DURING FISCAL YEAR 2P18673 5 0 1 [PAID DURING FISCAL YEAR- 2P18675 S 70,000 I [ OUTSTANDING END OF FISCAL YEAR 2P18677 $ 80,000 1 IFINAL MATURITY DATE 03/03 1 I 1 IBOND NO. 2 1 1 $602,000 Public Improvement 1983 7.10% 1 (MONTH AND YEAR OF ISSUE 05/83 [ ICURRENT INTEREST RATE 7.10 % [ (OUTSTANDING BEGINNING OF YEAR 2P18671 $ 70,000 1 (ISSUED DURING FISCAL YEAR 2P18673 S 0 1 I PAID DURING FISCAL YEAR 2P18'675 S 40,000 1 •IOUTSTANDING END OF FISCAL YEAR [FINAL MATURITY DATE • 2P18677 30,000 06/98 I I BOND NO. 3 1 $2,830,000 Public Improvement 1986 6.80% 1 MONTH AND YEAR OF ISSUE 05/86 1 CURRENT INTEREST RATE 6.80 % 1 OUTSTANDING BEGINNING OF YEAR 2P18671 S 1,500,000 ISSUED DURING FISCAL YEAR 2P18673 S 0 1 PAID DURING FISCAL YEAR 2P18675 S 150,000 1 I OUTSTANDING END OF FISCAL YEAR 2PIS677 $ 1,350,000 1 (FINAL MATURITY DATE 05/06 1 I I (BOND NO. 4 1 1 $2,580,000 Public Improvement 1989 7.30% [ (MONTH AND YEAR OF ISSUE 03/89 I ICURRENT INTEREST RATE 7.30 % 1 I OUTSTANDING BEGINNING OF YEAR 2P18671 $ 1,715,000 1 (ISSUED DURING FISCAL YEAR 2P18673 $ 0 1 IPAID DURING FISCAL YEAR 2P18675 $ 125,000-1 OUTSTANDING END OF FISCAL YEAR 2P18677 $ 1,590,000 1 FINAL MATURITY DATE 03/08 1 I 106 STATEMENT OF INDEBTEDNESS WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT BONDS I (LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT (BOND NO. 5 1 $4,465,000 Public Improvement 1991 6.625% 1 (MONTH AND YEAR OF ISSUE n7 /91 1 (CURRENT INTEREST RATE 6.625 % I IOUTSTANDING BEGINNING OF YEAR 2P18671 53,525,000 I (ISSUED DURING FISCAL YEAR 2P18673 $ 0 i PAID DURING FISCAL YEAR 2P18675 5 200,000 i IOUTSTANDING END OF FISCAL YEAR 2P18677 $ 3,325,000 I (FINAL MATURITY DATE 07/11 I I I (BOND NO. 6 I 1 $100,000 Zebra Mussell SIB 1991 6.00% 1 IMONTH AND YEAR OF ISSUE 12/91 I (CURRENT INTEREST RATE 6.00 % 1 (OUTSTANDING BEGINNING OF YEAR 2P18671 $ 29,047 I (ISSUED DURING FISCAL YEAR 2P18673 5 0 (PAID DURING FISCAL YEAR 2P18675 5 6,743 I v (OUTSTANDING END OF FISCAL YEAR 2P18677 S 22.304 (FINAL MATURITY DATE 06/00 i I� (BOND NO. 7 1 $100,000 Zebra Mussell SIB 1992 6.00% I (MONTH AND YEAR OF ISSUE 01/92 i ICURRENT INTEREST RATE 6.00 i i (OUTSTANDING BEGINNING OF YEAR 2P18671 5 29.047 I 11SSUED DURING FISCAL YEAR 2P18673 5 0 I IPAID DURING FISCAL YEAR 2P18675 5 6,743 I IOUTSTANDING END IFINAL MATURITY I OF FISCAL YEAR DATE 2P18677 5 ?2.304 06/00 I I TOTAL BONDS AMOUNT OUTSTANDING BEGINNING OF YEAR $ 7,047,141 ISSUED DURING FISCAL YEAR S 0 PAID DURING FISCAL YEAR 5 6.05,229 OUTSTANDING END OF FISCAL YEAR 5 6,441,912 BOND NO. 8 $100,000 Zebra Mussell- SIB 1993 5.00% MONTH & YEAR OF ISSUE 06/93 CURRENT INTEREST RATE 5.00% OUTSTANDING BEGINNING OF YEAR 29,047 ISSUED DURING FISCAL YEAR 0 PAID DURING FISCAL YEAR 6,743 OUTSTANDING AT END OF YEAR 22,304 FINAL MATURITY DATE 06/00 107 TOWN OF ITHACA SUMMARY OF INDEBTEDNESS DECEMBER 31, 1997 ISSUE AUD" I PRINCIPAL PAGE PAID WATER and SEWER $1,967,000 PUB IMP 1976 6.00% 106 $ 70,000 $602,000 PUB IMP, 1983 7.10% 106 40,000 $2,830,000 PUB IMP, 1986 6.80% 106 150,000 $2,580,000 PUB IMP, 1989 7.30% 106 125,000 $4,465,000 PUB IMP, 1991 6.625% 107 200,000 TOTAL SERIAL BOND PRINCIPAL PAID 1997 $ 585,000 RECONCILIATION "AUD" WATER 53 $ 212,025 SEWER 63 372,975 TOTAL EXPENDITURES $ 585,000 STATEMENT OF INDEBTEDNESS INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT CAPITAL NOTES 108 (LIST SEPARATELY BY DATE OF ISSUE I EDPCODE AMOUNT I I (CAPITAL NOTE NO. 1 I I I (MONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18751 S I IISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18753 S I (PAID DURING FISCAL YEAR I I (DO'NOT INCLUDE RENEWALS HERE) 2P18755 $ I (OUTSTANDING END OF FISCAL YEAR 2P18757 S I IFINAL MATURITY DATE I I I (CAPITAL NOTE NO. 2 I I I IMONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18751 S I IISSUED DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) 2P18753' S I (PAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18755 S I (OUTSTANDING END OF FISCAL YEAR 2P18757 S I IFINAL MATURITY DATE I I I (CAPITAL NOTE NO. 3 I I I (MONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18751 $ I IISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18753 S i (PAID DURING FISCAL YEAR I (DO NOT INCLUDE RENEWALS HERE) 2P18755 $ I (OUTSTANDING END OF FISCAL YEAR 2P18757 S I (FINAL MATURITY DATE I I I TOTAL CAPITAL NOTES AMOUNT OUTSTANDING BEGINNING OF YEAR $ ISSUED DURING FISCAL YEAR $ PAID DURING FISCAL YEAR $ OUTSTANDING END OF FISCAL YEAR $ 108 STATEMENT OF INDEBTEDNESS INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT BOND ANTICIPATION NOTES I I ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT I I I IBOND ANTICIPATION NOTE NO. 1 I I I (MONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18761 S (ISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18763 S IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18765 S (OUTSTANDING END OF FISCAL YEAR 2P18767 S IFINAL MATURITY DATE D I I (BOND ANTICIPATION NOTE NO. 2 1 IMONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I [OUTSTANDING BEGINNING OF YEAR 2P18761 S IISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18763 S IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18765 S IOUTSTANDING END OF FISCAL YEAR 2P18767 S IFINAL MATURITY DATE I D I (BOND ANTICIPATION NOTE NO. 3 I - (MONTH AND YEAR OF ISSUE I ICURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18761 S (ISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2PI8763 S IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18765 S I (OUTSTANDING END OF FISCAL YEAR 2P18767 $ IFINAL MATURITY DATE I D I 109 ul STATEMENT OF INDEBTEDNESS INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT BOND ANTICIPATION NOTES I ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT I (BOND ANTICIPATION NOTE NO. 4 IMONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR .2P18761 S I IISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18763 $ I IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18765 $ I [OUTSTANDING END OF FISCAL YEAR 2P18767 $ I IFINAL MATURITY DATE I I I IBOND ANTICIPATION NOTE NO. 5 I I I IMONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18761 $ I (ISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18763 $ I IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18765 S I (OUTSTANDING END OF FISCAL YEAR 2P18767 $ I (FINAL MATURITY DATE I I I IBOND ANTICIPATION NOTE NO. 6 1 I 1 (MONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18761 $ I (ISSUED DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18763 S I IPAID DURING FISCAL YEAR I I (DO NOT INCLUDE RENEWALS HERE) 2P18765 $ I (OUTSTANDING END OF FISCAL (FINAL MATURITY DATE I YEAR 2P18767 $ TOTAL BOND ANTICIPATION NOTES AMOUNT OUTSTANDING BEGINNING OF YEAR $ ISSUED DURING FISCAL YEAR $ PAID DURING FISCAL YEAR S OUTSTANDING END OF FISCAL YEAR S ** BOND ANTICIPATION NOTES REDEEMED FROM BOND PROCEEDS DURING FISCAL YEAR 2P18885 S 110 STATEMENT OF INDEBTEDNESS INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT BONDS (LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT I IBOND NO. 1 1 (MONTH AND YEAR OF ISSUE (CURRENT INTEREST RATE IOUTSTANDING BEGINNING OF YEAR 2P18771 S IISSUED DURING FISCAL YEAR 2P18773 S IPAID DURING FISCAL YEAR 2P18775 S (OUTSTANDING END OF FISCAL YEAR 2P18777 S (FINAL MATURITY DATE I IBOND NO. 2 1 IMONTH AND YEAR OF ISSUE ICURRENT INTEREST RATE IOUTSTANDING BEGINNING OF YEAR 2P18771 S (ISSUED DURING FISCAL YEAR 2P18773 S (PAID DURING FISCAL YEAR 2P18775 S (OUTSTANDING END OF FISCAL YEAR 2P18777 S IFINAL MATURITY DATE IBOND NO. 3 (MONTH AND YEAR OF ISSUE ICURRENT INTEREST RATE IOUTSTANDING BEGINNING OF YEAR 2P18771 S (ISSUED DURING FISCAL YEAR 2P18773 S (PAID DURING FISCAL YEAR 2P18775 S (OUTSTANDING END OF FISCAL YEAR 2P18777 S IFINAL MATURITY DATE I (BOND NO. 4 1 IMONTH AND YEAR OF ISSUE (CURRENT INTEREST RATE IOUTSTANDING BEGINNING OF YEAR IISSUED DURING FISCAL YEAR (PAID DURING FISCAL YEAR (OUTSTANDING END OF FISCAL YEAR IFINAL MATURITY DATE I 111 2P18771 I S 2P18773 S 2P18775. S I 2P18777 S I I I U-] • STATEMENT OF INDEBTEDNESS INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT BONDS I I (LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT I I (BOND NO. 5 I I I (MONTH AND YEAR OF ISSUE I (CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18771 S I IISSUED DURING FISCAL YEAR 2P18773 S I IPAID DURING FISCAL YEAR 2P18775 S I (OUTSTANDING END OF FISCAL YEAR 2P18777 S I IFINAL MATURITY DATE I I I IBOND NO. 6 I I I (MONTH AND YEAR OF ISSUE I [CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18771 S I IISSUED DURING FISCAL YEAR 2P18773 S I IPAID DURING FISCAL YEAR 2P18775 $ I (OUTSTANDING END OF FISCAL YEAR 2P18777 S I IFINAL MATURITY DATE � I I IBOND NO. 7 I I I IMONTH AND YEAR OF ISSUE. I I -CURRENT INTEREST RATE I (OUTSTANDING BEGINNING OF YEAR 2P18771 S I (ISSUED DURING FISCAL YEAR 2P18773 S I IPAID DURING 'FISCAL YEAR 2P18775 S I (OUTSTANDING END OF FISCAL YEAR 2P1.8777 S [ (FINAL MATURITY DATE I I I TOTAL BONDS AMOUNT OUTSTANDING BEGINNING OF YEAR S ISSUED DURING FISCAL YEAR S PAID DURING FISCAL YEAR S OUTSTANDING END OF FISCAL YEAR S • 112 STATEMENT OF INDEBTEDNESS INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT STATE OR AUTHORITY LOANS i (STATE OR AUTHORITY LOANS EDPCODE AMOUNT (MONTH AND YEAR OF ISSUE (CURRENT INTEREST RATE (OUTSTANDING BEGINNING OF YEAR 2P18791 $ I IISSUED DURING FISCAL YEAR 2P18793 $ I IPAID DURING FISCAL YEAR 2P18795 $ (OUTSTANDING END OF FISCAL YEAR 2P18797 $ I (FINAL MATURITY DATE I I I TOTAL OF ALL INDEBTEDNESS INCLUDES TOTAL OF ALL BONDS AND NOTES - EXEMPT AND NOT EXEMPT OUTSTANDING BEGINNING OF YEAR $ ISSUED DURING FISCAL YEAR $ PAID DURING FISCAL YEAR $ OUTSTANDING END OF FISCAL YEAR $ 113 • []I 0 OSC DATA ENTRY DO NOT KEY INDEBTEDNESS BY PURPOSE FOR CAPITAL NOTES AND BOND ANTICIPATION NOTES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT BREAKDOWN OF OUTSTANDING BALANCE BY PURPOSE I I I I I I I I OTHER (PLEASE SPECIFY)I EXEMPT I DATE OF I I TAX I I (FROM DEBTIISSUE OR SANITARY I I INCREMENT I I I LIMIT ILATEST SEWER I WATER I FINANCING.I I I IRENEWAL 81 I 83 I 20 I I I IMONTH/YR I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I i I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I i I i I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I -- FOR EACH OF THE OUTSTANDING NON -CHARGEABLE BOND ANTICIPATION NOTES AND CAPITAL NOTES, PLEASE PUT THE OUTSTANDING AMOUNTS UNDER THE APPROPRIATE COLUMN HEADINGS..THESE AMOUNTS.MUST BE IN WHOLE DOLLARS ONLY 114 MATURITY SCHEDULE USE ONLY FOR BONDS ISSUED DURING THE FISCAL YEAR IEDPCODE I I I I I I I I I PURPOSE OF ISSUE I I I I I I FOR STATE COMPTROLLERI I I I 2P3CE I I I I USE ONLY I I I I I I I I I I TOTAL PRINCIPAL 12P3PR I I I I I I I I I DATE OF ISSUE 12P3DT I I I I I I I I I INTEREST RATE 12P3PC I I 1 I (IN DECIMALS) I I I I I I I I I I MONTH, DAY AND YEAR 12P3DM I I I I OF FINAL MATURITY I I I I I I I I I I AMOUNT OF PRINCIPAL 12P397 I I I REDEEMED IN OR TO BE I I I I I REDEEMED IN FISCAL 12P398 I I I I YEAR ENDING IN I I I 1 I (THE LAST TWO DIGITS 12P399 I I I I OF THE EDP CODE I I I I I CORRESPOND TO THE 12P300 I I I I FISCAL YEAR ENDED) I I I I I 2P301 I I I I I I I® I I 12P302 I I I I I I I I 12P303 I I I I I I I I I I 12P304 I I I I I f I I I 12P305 I I I I I I I I I 12P306 I I I I I I I I I 12P307 I I I I I I I I I 12P308 I I I I I I I I I 12P309 I I I I I I I I I 12P310 I I I I I I I I I 12P311 I I I I I I I I I 12P312 I I I I I I I I I 12P313 I I I I I i I I I I 2P314 I I I I I I I I® I 115 MATURITY SCHEDULE USE ONLY FOR BONDS ISSUED DURING THE FISCAL YEAR (CONTINUED) AMOUNT OF PRINCIPAL REDEEMED IN OR TO BE REDEEMED IN FISCAL YEAR ENDING IN (THE LAST TWO DIGITS OF THE EDP CODE CORRESPOND TO THE FISCAL YEAR ENDED) IEDPCODE I I I I I I I I 12P315 I f I I I 1 2P316 I I I I I I I I 12P317 I I I I I I I I I 12P318 I I I I f 12P319 I I I I I I I I I 2P320 I I I I I I I I I 12P321 I I I I I I I I I f 2P322 I I I f f I I i 2P323 I I I I 12P324 I I I I I I 12P325 I I I I I I I I I 12P326 I I I I I I I I I 12P327 I I I I I I I I I 12P328 I I I I II I I I 12P329 I I I I I I I I I 12P330 I I I I I I I 12P331 I I I I f 12P332 I I I I I I I 12P333 I I I I I I I I I 12P334 I I I I I I I I I 12P335 I I I I I I I I I 12P336 I I I I I I I I I 12P337 I I I I TOTAL 116 TOWN OF ITHACA STATEMENT OF INDEBTEDNESS SCHEDULE FOR REPORTING VARIABLE RATE, DISCOUNTED, AND/OR NEGOTIATED BONDS & NOTES (PLEASE COMPLETE A SEPARATE SCHEDULE FOR EACH DEBT ISSUE) FISCAL YEAR ENDED 1997 ONLY TYPE OF DEBT INSTRUMENT: PLEASE ENTER 1 FOR A BOND, 2 FOR A BOND ANTICIPATION NOTE, OR 3 FOR OTHER NOTES. AMOUNT OF ISSUE WAS THIS ISSUE SOLD COMPETITIVELY OR THROUGH NEGOTIATED SALE? PLEASE ENTER 1 IF SOLD COMPETITIVELY, 2 IF NEGOTIATED SALE. CREDIT RATING WHICH ORGANIZATION RATED THE ISSUE? DATE OF ISSUE MONTH, DAY AND YEAR OF FINAL MATURITY LOCAL FINANCE LAW SECTION 11 SUBSECTION AUTHORIZING ISSUANCE PURPOSE OF ISSUE TYPE OF INTEREST RATE: PLEASE ENTER 1 IF FIXED, 2 IF VARIABLE, 3 IF SOLD AT DISCOUNT. INTEREST RATE ON DATE OF ISSUE PAR VALUE PREMIUM AND ACCRUED INTEREST AMOUNT OF SALE/TOTAL PROCEEDS LESS: COST OF ISSUANCE ORIGINAL ISSUE DISCOUNT UNDERWRITERS DISCOUNT LETTER OF CREDIT LIQUIDITY FACILITY OTHER COSTS OF ISSUANCE TOTAL COSTS OF ISSUANCE NET PROCEEDS AVAILABLE FOR PURPOSE OF ISSUE 117 CCODE EDP CODE AMOUNT ----------------- 6PKOD 6PPR 6PTOS 6PDT 6PDM 6PPU 6PPOI 6PTIR 6PIR 6PPV S 6PAI S 6PSTP S 6POID S 6PUD $ 6PLC S 6PLF S 6POCI S 6PTC S 6PNP S TOWN OF ITHACA SCHEDULE FOR REPORTING ALL INSTALLMENT . PURCHASE CONTRACTS/CERTIFICATES OF PARTICIPATION (COPS) (COMPLETE A SEPARATE SET OF FORMS FOR EACH TRANSACTION) FISCAL YEAR ENDED 1997 ONLY CCODE PURCHASE CONTRACTS EDPCODE AMOUNT ------------------ ------- --------- PURPOSE 3PPIO (IDENTIFY CAPITAL IMPROVEMENT/PURCHASE) NAME OF VENDOR PLEASE ENTER 1 IF THE CONTRACT WAS FINANCED BY VENDOR FINANCING OR ENTER 2 IF NON -VENDOR THIRD PARTY FINANCING WAS UTILIZED. 3PVEND COST OF CAPITAL IMPROVEMENT (EXCLUDING FINANCING COST) 3PCCI $ DATE OF CONTRACT SPDC DATE OF FIRST PAYMENT ON CONTRACT 3PFP DATE OF LAST PAYMENT ON CONTRACT 3PLP FINANCING TERMS --------------- DOWNPAYMENT 3PDP $ INTEREST RATE SET FORTH IN INSTALLMENT PURCHASE CONTRACT 3PIPIR DOTAL PRINCIPAL AMOUNT OF INSTALLMENT PURCHASE CONTRACT (EXCLUDING INTEREST) 3PAIPC $ AMOUNT OF CURRENT YEAR PRINCIPAL PAYMENT ON CONTRACT 3PCYPP $ (PLEASE COMPLETE AN AMORTIZATION SCHEDULE ON THE FOLLOWING PAGE FOR EACH INSTALLMENT PURCHASE CONTRACT.) TOTAL AMOUNT OF UNPAID PERIODIC PAYMENTS (EXCLUDING INTEREST) OUTSTANDING AT THE END OF THE CURRENT YEAR LENGTH OF THE INSTALLMENT PURCHASE CONTRACT CERTIFICATES OF PARTICIPATION (COPS) ------------------------------------ WERE COPS ISSUED IN CONNECTION WITH THIS INSTALLMENT PURCHASE CONTRACT? (PLEASE ENTER 1 IF YES, 2 IF NO.) IF COPS WERE ISSUED, WERE THEY SOLD AT A COMPETITIVE OR NEGOTIATED SALE? (PLEASE ENTER 1 IF COMPETITIVE, 2 IF NEGOTIATED.) NAME OF -ISSUER OF COPS AMOUNT OF COPS ISSUED 'SET INTEREST RATE FOR COPS WAS THIS AN AGGREGATED OR POOLED ARRANGEMENT? (PLEASE ENTER 1 IF AGGREGATED, 2 IF POOLED, OR 3 IF NEITHER.) 118 3PLIPC YRS 3PCOPS 3PCOPCN 3PCOPNM 3PCOPPR $ 3PCOPIR 3PCOPAP TOWN OF ITHACA AMORTIZATION SCHEDULE FOR INSTALLMENT PURCHASE CONTRACTS AMOUNT OF PRINCIPAL TO BE REDEEMED IN (THE LAST TWO YEARS OF THE EDP COD* CORRESPOND TO THE FISCAL YEAR END) CCODE CCODE EDPCODE PRINCIPAL AMOUNT DUE ------- -----------=-------- EDPCODE PRINCIPAL AMOUNT DUE ------- -------------------- 3P97 3P12 3P98 3P13 3P99 3P14 3P00 3P15 3P01 3P16 3P17 3P02 3P03 3P18 3PO4 3P19 3P05 3P20 3P06 3P21 3P07 3P22 3P08 3P23 3P09 3P24 3P10 3P25 3P11 3P26 F-7 U 119 SCHEDULE OF SECURITIES FOR COLLATERALIZATION GENERAL MUNICIPAL LAW SECTION 10 AS AMENDED BY CHAPTER 708 LAWS OF 1992 LISTS ELEVEN TYPES OF SECURITIES WHICH MAY BE PLEDGED FOR COLLATERALIZATION. PLEASE PUT A 1 IN THE RESPONSE COLUMN ON THE LINE(S) NEXT TO THE TYPE(S) OF SECURITIES USED BY BANKS AS COLLATERAL FOR YOUR DEPOSITS. ELIGIBLE SECURITIES ------------------- EDPCODE RESPONSE 1. OBLIGATIONS ISSUED BY THE UNITED STATES OF 9ZSEC01 AMERICA, AN AGENCY THEREOF OR A UNITED STATES SPONSORED CORPORATION OR OBLIGATIONS FULLY INSURED OR GUARANTEED AS TO THE PAYMENT OF PRINCIPAL AND INTEREST BY THE UNITED STATES OF AMERICA, AN AGENCY THEREOF OR -A UNITED STATES GOVERNMENT SPONSORED CORPORATION. 2. OBLIGATIONS ISSUED OR FULLY GUARANTEED BY THE 9ZSECO2 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT, THE INTER -AMERICAN DEVELOPMENT BANK, THE ASIAN DEVELOPMENT BANK, AND THE AFRICAN DEVELOPMENT BANK. 3. OBLIGATIONS PARTIALLY INSURED OR GUARANTEED BY 9ZSEC03 ANY AGENCY OF THE UNITED STATES OF AMERICA, AT A PROPORTION OF THE MARKET VALUE OF THE OBLIGATION THAT REPRESENTS THE AMOUNT'OF THE INSURANCE OR GUARANTY. 4. OBLIGATIONS ISSUED OR FULLY INSURED OR 9ZSEC04 1 GUARANTEED BY THIS STATE, OBLIGATIONS BY A MUNICIPAL CORPORATION, SCHOOL DISTRICT OR. DISTRICT CORPORATION OF THIS STATE OR OBLIGATIONS OF ANY PUBLIC BENEFIT CORPORATION WHICH UNDER A SPECIFIC STATE STATUTE MAY BE ACCEPTED AS SECURITY FOR DEPOSIT OF PUBLIC MONEYS. 5. OBLIGATIONS ISSUED BY STATES (OTHER THAN THIS 9ZSEC05 STATE) OF THE UNITED STATES RATED IN ONE OF THE THREE HIGHEST RATING CATEGORIES BY AT LEAST ONE NATIONALLY RECOGNIZED STATISTICAL..RATING ORGANIZATION. 6. OBLIGATIONS OF PUERTO RICO RATED IN ONE OF 9ZSEC06 THREE HIGHEST RATINGS CATEGORIES BY AT LEAST ONE NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION. 120 SCHEDULE OF SECURITIES FOR COLLATERALIZATION ELIGIBLE SECURITIES ------------------- EDPCODE RESPONSE 7. OBLIGATIONS OF COUNTIES, CITIES, AND OTHER 9ZSEC07 GOVERNMENTAL ENTITIES OF ANOTHER STATE HAVING THE POWER TO LEVY TAXES THAT ARE BACKED BY THE FULL FAITH AND CREDIT OF SUCH GOVERNMENTAL ENTITY AND RATED IN ONE OF THE THREE HIGHEST RATING CATEGORIES BY AT LEAST ONE NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION. 8. OBLIGATIONS OF DOMESTIC CORPORATIONS RATED IN 9ZSEC08 ONE OF THE TWO HIGHEST RATING CATEGORIES BY AT LEAST ONE NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION. 9. ANY MORTGAGE RELATED SECURITIES, AS DEFINED IN 9ZSEC09 THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, WHICH MAY BE PURCHASED BY BANKS UNDER THE LIMITATIONS ESTABLISHED BY FEDERAL BANK REGULATORY AGENCIES. 10. COMMERCIAL PAPER AND BANKERS' ACCEPTANCES 9ZSEC10 ISSUED BY A BANK (OTHER THAN THE BANK WITH WHICH THE MONEY IS BEING DEPOSITED OR INVESTED) RATED IN THE HIGHEST SHORT-TERM CATEGORY BY AT LEAST ONE NATIONALLY RECOGNIZED STATISTICAL RATING ORGANIZATION AND HAVING MATURITIES OF NOT LONGER THAN SIXTY DAYS FROM THE DATE THEY ARE PLEDGED. 11. ZERO-COUPON OBLIGATIONS OF THE UNIT.ED STATES 9ZSEC11 GOVERNMENT MARKETED AS "TREASURY STRIPS." 12. LETTERS OF CREDIT 13. SURETY BONDS 121 9ZSEC12 9ZSEC13 C. SCHEDULE OF TIME DEPOSITS AND INVESTMENTS OTHER THAN RESERVE FUNDS EDPCODE AMOUNT CASH: ON HAND 922001 DEMAND DEPOSITS 9Z2021 TIME DEPOSITS 9Z2011 3,103,387 TOTAL 3,103,387 COLLATERAL: - FDIC INSURANCE 9Z2014 100,000 - SECURITIES LOCATED: (1) IN POSSESSION OF MUNICIPALITY 9Z2014A (2) HELD BY THIRD PARTY CUSTODIAL BANK 9Z2014B 4,003,472 (3) HELD BY TRADING COUNTER PARTNER 9Z2014C INVESTMENTS: - SECURITIES (450) *BOOK VALUE (COST) 9Z4501 *MARKET VALUE AT BALANCE SHEET DATE 9Z4502 *SECURITIES LOCATED: (1) IN POSSESSION OF MUNICIPALITY 9Z4504A (2) HELD BY THIRD PARTY CUSTODIAL BANK 9Z4504B (3) HELD BY TRADING COUNTER PARTNER 9Z4504C - REPURCHASE AGREEMENTS (451) *BOOK VALUE (COST) 9Z4511 *MARKET VALUE AT BALANCE SHEET DATE 924512 *SECURITIES LOCATED: (1) IN POSSESSION OF MUNICIPALITY 9Z4514A (2) HELD BY THIRD PARTY CUSTODIAL BANK 9Z4514B (3) HELD BY TRADING COUNTER PARTNER 9Z4514C 122 SCHEDULE OF TIME DEPOSITS AND INVESTMENTS RESERVE FUNDS -EDPCODE AMOUNT CASH (ALL RESERVE FUNDS): ON HAND 9Z2301 DEMAND DEPOSITS 922311 TIME DEPOSITS 9Z2321 1,871,192 TOTAL 1,871,192 COLLATERAL: - FDIC INSURANCE 9Z2324 100,000 - SECURITIES LOCATED: (1) IN POSSESSION OF MUNICIPALITY 9Z2324A (2) HELD BY THIRD PARTY CUSTODIAL BANK 9Z2.324B 2,414,406 (3) HELD BY TRADING COUNTER PARTNER 9Z2324C INVESTMENTS (ALL- RESERVE FUNDS) - SECURITIES (450) *BOOK VALUE (COST) 9Z4521 *MARKET VALUE AT BALANCE SHEET DATE 924522 *SECURITIES LOCATED: (1) IN POSSESSION OF MUNICIPALITY 9Z4524A (2) HELD BY THIRD PARTY CUSTODIAL BANK 9Z4524B (3) HELD BY TRADING COUNTER PARTNER 9Z4524C - REPURCHASE AGREEMENTS (ALL RESERVE FUNDS) (451) *BOOK VALUE (COST) 9Z4531 *MARKET VALUE AT BALANCE SHEET DATE 9Z4532 *SECURITIES LOCATED: .(1) POSSESSION OF MUNICIPALITY 9Z4534A (2) HELD BY THIRD PARTY CUSTODIAL BANK 9Z4534B (3) HELD BY TRADING COUNTER PARTNER 9Z4534C 123 TOWN OF ITHACA INVESTMENT CERTIFICATION DEFINITIONS REPURCHASE AGREEMENT - A GENERIC TERM FOR AN AGREEMENT IN WHICH A GOVERNMENT ENTITY (BUYER -LENDER) TRANSFERS CASH TO A BROKER-DEALER OR FINANCIAL INSTITUTION (SELLER -BORROWER); THE BROKER-DEALER OR FINANCIAL INSTITUTION TRANSFERS SECURITIES TO THE ENTITY AND PROMISES TO REPAY THE CASH PLUS INTEREST IN EXCHANGE FOR THE SAME SECURITIES OR FOR DIFFERENT SECURITIES. REVERSE REPURCHASE AGREEMENT - AN AGREEMENT IN WHICH A BROKER-DEALER OR FINANCIAL INSTITUTION (BUYER -LENDER) TRANSFERS CASH TO A GOVERNMENT ENTITY (SELLER -BORROWER); THE ENTITY TRANSFERS SECURITIES TO THE BROKER-DEALER OR FINANCIAL INSTITUTION AND PROMISES TO REPAY THE CASH PLUS INTEREST IN EXCHANGE FOR THE SAME SECURITIES OR DIFFERENT SECURITIES. INSTRUCTIONS ------------ PLEASE PUT 1 IN THE RESPONSE COLUMN NEXT TO THE APPROPRIATE ANSWERS IN QUESTIONS 1, 2, AND 3 FOR THE INVESTMENT CERTIFICATION SCHEDULE. EDPCODE AMOUNT 1) HAS YOUR LOCAL GOVERNMENT ADOPTED AN INVESTMENT POLICY AS REQUIRED BY GENERAL MUNICIPAL LAW, SECTION 39? YES 9ZPOLY 1 NO 9ZPOLN 2) IF THE ANSWER TO NUMBER 1 IS YES, PLEASE INDICATE ._WHICH OF THE FOLLOWING INVESTMENTS ARE PERMITTED BY YOUR INVESTMENT POLICY. * OBLIGATIONS OF THE UNITED STATES' 9ZINV1 1 * OBLIGATIONS OF U.S. GOVERNMENT AGENCIES, GUARANTEED BY THE UNITED STATES GOVERNMENT. 9ZINV2 1 * OBLIGATIONS OF THE STATE OF NEW YORK 9ZINV3 1 * OBLIGATIONS OF OTHER NEW YORK STATE LOCAL GOVERNMENTS 9ZINV4 * OTHERS (SPECIFY) 9ZINV5' 124 TOWN OF ITHACA INVESTMENT CERTIFICATION • 3) ARE REPURCHASE AGREEMENTS AUTHORIZED BY YOUR INVESTMENT POLICY? 4) DO YOU ENGAGE IN REVERSE REPURCHASE AGREEMENTS? YES 9ZREPOY 1 NO 9ZREPON YES 9ZRVREY NO 9ZRVREN SIGNATURE y- e-, /I ALFRED F. CARVILL TITLE BUDGET OFFICER PHONE NUMBER (607) 273-1721 �J 125 THIS FORM MUST BE COMPLETED UNLESS THESE FINANCIAL STATEMENTS WILL BE AUDITED BY AN INDEPENDENT PUBLIC ACCOUNTANT. BANK RECONCILIATION INCLUDE ALL CHECKING, SAVINGS AND C.D. ACCOUNTS BANK ACCOUNT NUMBER 12-201-002604 29-201-002604 20-201-0026 1 30-201-002604 16-201-0026Q4 21-201-002604 22-201-002604 29-201-002604 23-201-0026 1 24-201-0026 1 27-901-002604 26-201-002604 11-201-002604 BANK BALANCE 137,150.09 24,852.18 18,346.17 78.41 20,646.91 331.699.60 2.160.08 1,834.60 417,2,21.63 916-481-35 2,896.90 742.85 33,024.96 TOTAL ADJUSTED BANK BALANCE PETTY CASH ADJUSTMENTS (SPECIFY) TOTAL CASH TOTAL CASH BALANCE ALL FUNDS * MUST BE EQUAL ADD: DEPOSITS IN TRANSIT 613.00 LESS: OUTSTANDING CHECKS EDP CODE 9ZCASH 9ZCASHB 126 ADJUSTED BANK BALANCE 137.150.09 24,783.68 18,959.17 78.41 20,646.91 331.699.60 2,160.08 1.834.60 417.221.63 236.481.35 2.896.90-" 742.85 33.024.96 THIS FORM MUST BE COMPLETED UNLESS THESE FINANCIAL STATEMENTS WILL BE AUDITED BY AN INDEPENDENT PUBLIC ACCOUNTANT. BANK RECONCILIATION INCLUDE ALL CHECKING, SAVINGS AND C.D. ACCOUNTS BANK ADD: LESS: ADJUSTED ACCOUNT BANK DEPOSITS OUTSTANDING BANK NUMBER BALANCE IN TRANSIT CHECKS BALANCE 15-201-002604 52,490.19 52,490.19 25-201-002604 5,222.91 5,222.91 01-101-148038 330,643.12 330,523.12 120.00 05-201-002604 41,071.23 39,699.17 1,372.06 EDP CODE TOTAL ADJUSTED BANK BALANCE PETTY CASH ADJUSTMENTS (SPECIFY) 12/31/97 Interest Posted January 1998 ISF Charges For Bounced User Payments TOTAL CASH 9ZCASH TOTAL CASH BALANCE ALL FUNDS 9ZCASHB * MUST BE EQUAL 126 A 1,286,885.39 400.00 (5,815.55) (16.76) 1,281,453.08 _ 1,281,453.08 REAL PROPERTY TAX LEVY AND RELATED INFORMATION FOR FISCAL YEAR REPORTED COUNTIES, CITIES, VILLAGES', AND WESTCHESTER COUNTY TOWNS TAXES ON ROLL $ 3,692,505 ADD:RELEVIED TAXES $ 0 0 ADD: OTHER DELINQUENT WATER & SEWER $ 13n,nl6 TOTAL TAXES AND OTHER ITEMS ON WARRANT $ 3,899,591 DEDUCT:CANCELLATIONS AND ADJUSTMENTS C 0 ) DEDUCT:OTHER ( 0 ) TOTAL TAXES AND OTHER ITEMS TO BE COLLECTED DEDUCT TOTAL TAXES AND OTHER ITEMS ACTUALLY COLLECTED UNCOLLECTED TAXES AND OTHER ITEMS $ 3,822,521 (B) ( 3,822,521 —)(A) $ 0 TAX COLLECTION PERFORMANCE (A DIVIDED BY B) NEAREST HUNDREDTH PERCENT ANALYSIS OF -UNCOLLECTED TAXES AND OTHER ITEMS - BY YEAR AMOUNT 100.00 A300 A320 A330 A TAXES RE- TAX SALE PROPERTY OTHER CEIVABLES CERTIFI- ACQUIRED PENDING CATES FOR TAXES TOTAL CURRENT YEAR 19 $ 0 S 0 $ 0 S 0 S 0 PRIOR YEARS: S 0 S 0 $ 0 S 0 S 0 TOTAL S 0 S 0 S 0 S 0 S 0 127 TOWN OF ITHACA • LOCAL GOVERNMENT QUESTIONNAIRE EDP CODE RESPONSE ----- --------- 1. WILL OR HAVE THE FINANCIAL STATEMENTS FOR YOUR LOCAL GOVERNMENT BE INDEPENDENTLY AUDITED? (IF YES ENTER 1, IF NO ENTER 2) 9ZACO 1 2. IF THE ANSWER TO QUESTION 1 ABOVE IS YES, PLEASE COMPLETE THE FOLLOWING: NAME OF AUDITING FIRM SCIARABBA WALKER & CO LT,P 9ZIAC ADDRESS OF AUDITING FIRM STREET 200 E. BUFFALO STREET SUITE 402 CITY ITHACA STATE AND Z I P CODE NEW YORK 14850 3. DOES YOUR LOCAL GOVERNMENT PARTICIPATE IN AN INSURANCE POOL WITH OTHER LOCAL GOVERNMENT? (IF YES ENTER 1, IF NO ENTER 2) 9ZLY31 2 4. IF THE ANSWER TO QUESTION 3 ABOVE IS YES, PLEASE COMPLETE THE FOLLOWING: NAME OF POOL TYPE OF INSURANCE 128 7 TOWN OF ITHACA NOTICE OF TORT CLAIMS FOR THE FISCAL YEAR ENDED 1997 TOTAL TOTAL NUMBER OF CLAIMS AMOUNT OF CLAIMS EDPCODE NUMBER EDPCODE AMOUNT CLAIMS PENDING 9ZTR51 0 9ZTR61 -BEGINNING OF YEAR 9ZTR71 0 9ZTR81 *CLAIMS OTHER THAN CODEFENDANT/THIRD PARTY 9ZTR15 1 9ZTR16 *CLAIMS INVOLVING CODEFENDANT/THIRD PARTY 9ZTR10 0 9ZTR11 PLUS: NOTICES FILED DURING YEAR *OTHER THAN CODEFENDANT/THIRD PARTY 9ZTR25 4 9ZTR26 *INVOLVING CODEFENDANT/ THIRD PARTY DEFENDANT 9ZTR20 0 9ZTR21 LESS: - CLAIMS DISPOSED OF DURING YEAR PRIOR TO COMMENCEMENT OF COURT ACTION: * BY LOCALITY 9ZTR30 1 9ZTR31 * BY INSURANCE CARRIER 9ZTR40 - CLAIMS DISPOSED OF DURING YEAR AFTER COMMENCEMENT OF COURT ACTION: * BY LOCALITY 9ZTR50 * BY INSURANCE CARRIER 9ZTR60 * BY JUDGMENT 9ZTR70 - OTHER 9ZTR80 EQUALS: CLAI'MS.PENDING -END OF YEAR *CLAIMS OTHER THAN CODEFENDANT/THIRD PARTY 9ZTR95 *CLAIMS INVOLVING CODEFENDANT/THIRD PARTY 9ZTR90 2 9ZTR41 0 9ZTR51 0 9ZTR61 0 9ZTR71 0 9ZTR81 129 2 I 9ZTR96 9ZTR91 7,821 0 65 3080 0 5850 0 TOWN OF ITHACA NOTICE OF TORT CLAIMS FOR THE FISCAL YEAR ENDED 1997 AMOUNT PAID EDPCODE ON CLAIMS - CLAIMS DISPOSED OF DURING YEAR PRIOR TO COMMENCEMENT OF COURT ACTION: * BY LOCALITY 9ZTR32 * BY INSURANCE CARRIER 9ZTR42 EDPCODE - CLAIMS DISPOSED OF DURING YEAR AFTER COMMENCEMENT OF COURT ACTION: * BY LOCALITY 9ZTR54 * BY INSURANCE CARRIER 9ZTR64 * BY JUDGMENT 9ZTR74 * OTHER 9ZTR84 EDPCODE - CLAIMS DISPOSED OF DURING YEAR AFTER COMMENCEMENT OF COURT ACTION: * BY LOCALITY 9ZTR52 * BY INSURANCE CARRIER 9ZTR62 * BY JUDGMENT 9ZTR72 * OTHER 9ZTR82 65 0 COLUMN (2) COLUMN (1) MUNICIPALITY NUMBER EQUITABLE OF CLAIMS # EDPCODE SHARE 0 9ZTR56 0 0 9ZTR66 0 0 9ZTR76 0 0• 9ZTR86 0 COLUMN (4) AMOUNT PAID GREATER THAN COLUMN (3) MUNICIPALITYO AMOUNT PAID EQUITABLE ON CLAIMS EDPCODE SHARE ## 0 9ZTR58 0 9ZTR68 0 9ZTR78 0 9ZTR88 # THIS IS THE NUMBER OF CLAIMS (COLUMN 1) DISPOSED OF DURING THE YEAR WHERE THE SETTLEMENT WAS DETERMINED IN ACCORDANCE WITH THE RELATIVE CULPABILITY OF EACH PARTY PURSUANT TO AN ITEMIZED DECISION OR JURY VERDICT AND WHERE THE AMOUNT WAS GREATER THAN THE MUNICIPALITY'S EQUITABLE SHARE. THE MUNICIPALITY'S EQUITABLE SHARE IS TO BE ENTERED IN COLUMN 2. ## THIS IS THE AMOUNT PAID BY THE MUNICIPALITY WHICH IS GREATER THAN THE MUNICIPALITY'S EQUITABLE SHARE IN ACCORDANCE WITH THE RELATIVE CULPABILITY OF PARTIES PURSUANT TO AN ITEMIZED DECISION OR JURY VERDICT. NOTICE OF TORT CLAIMS REPORT PREPARED ON NAME TOWN CLERK TITLE BY DATE 126 EAST SENECA STREET, ITHACA, NY ADDRESS 0 ( 607 ) 273-1721 PHONE NUMBER 130 TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE .FISCAL YEAR ENDED 1997 NEW SCHEDULE ------------ ORIGINAL BUDGET INFORMATION GENERAL FUND ------------ ESTIMATED REVENUES AND OTHER SOURCES EDPCODE ------------------------------------------- REAL PROPERTY TAXES A1049B REAL PROPERTY TAX ITEMS A1099B SALES TAX A1190B OTHER NON PROPERTY TAX ITEMS A1199B USER CHARGES A1290B OTHER DEPARTMENTAL INCOME A1299B INTERGOVERNMENTAL CHARGES A2399B USE OF MONEY AND PROPERTY A2499B LICENSES AND PERMITS A2599B =INES AND FORFEITURES A2649B SALE OF PROPERTY AND COMP. FOR LOSS A2699B MISCELLANEOUS LOCAL SOURCES A2799B INTERFUND REVENUE A2801B STATE AID A3099B FEDERAL AID A4099B INTERFUND TRANSFERS A5031B TOTAL ESTIMATED REVENUES APPROPRIATED RESERVE A511B OBLIGATIONS AUTHORIZED A530B PROCEEDS OF OBLIGATIONS (ESTIMATED) A5799B APPROPRIATED FUND BALANCE A59,9B TOTAL ESTIMATED OTHER SOURCES TOTAL ESTIMATED REVENUE AND OTHER SOURCES 131 NEW SCHEDULE ------------ BUDGET AS ORIGINALLY ADOPTED ---------------------------- AMOUNT 5 926,611 17,610 136,525 2,100 0 18,708 3,500 35,000 "9,100 43,000 11.240 17,720 51,720 149.675 -0 0 1.422.509 0 NEW SCHEDULE ------------ TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 ORIGINAL BUDGET INFORMATION GENERAL FUND ------------ APPROPRIATIONS AND OTHER USES ----------------------------- GENERAL GOVERNMENT SUPPORT EDUCATION PUBLIC SAFETY HEALTH TRANSPORTATION ECONOMIC ASSISTANCE AND OPPORTUNITY CULTURE AND RECREATION HOME AND COMMUNITY SERVICES EMPLOYEE BENEFITS DEBT SERVICE TOTAL ESTIMATED EXPENDITURES OTHER BUDGETARY PURPOSES INTERFUND TRANSFERS TOTAL ESTIMATED OTHER USES NEW SCHEDULE ------------ EDPCODE BUDGET AS ORIGINALLY ADOPTED ------- ---------------------------- AMOUNT A1999B S 860°509 A2999B A3999B 29,464 A4999B A5999B 208,448 A6999B A7999B 12,073 A8999B 230,525 A9199B 151,843 A9899B A962B A9999B 2,000 TOTAL ESTIMATED APPROPRIATIONS AND OTHER USES $ ' 1,494,862 C 132 TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 VEW SCHEDULE ------------ NEW SCHEDULE ------------ ORIGINAL BUDGET INFORMATION GENERAL TOWN OUTSIDE VILLAGE FUND ------------ ESTIMATED REVENUES AND OTHER SOURCES EDPCODE BUDGET AS ORIGINALLY ADOPTED ------------------------------------ ------- ---------------------------- AMOUNT REAL PROPERTY TAXES REAL PROPERTY TAX ITEMS SALES TAX OTHER NON PROPERTY TAX ITEMS USER CHARGES OTHER DEPARTMENTAL INCOME INTERGOVERNMENTAL CHARGES USE OF MONEY AND PROPERTY LICENSES AND PERMITS :INES AND FORFEITURES SALE OF PROPERTY AND COMP. FOR LOSS MISCELLANEOUS LOCAL SOURCES INTERFUND REVENUE STATE AID FEDERAL AID INTERFUND TRANSFERS TOTAL ESTIMATED REVENUES APPROPRIATED RESERVE OBLIGATIONS AUTHORIZED PROCEEDS -OF OBLIGATIONS (ESTIMATED) B1049B $ B1099B B1190B B1199B B1290B B1299B B2399B B2499B B2599B B2649B B2699B B2 799B B2801B B3099B B4099B B5031B B51 1B B530B B5799B APPROPRIATED FUND BALANCE B599B TOTAL ESTIMATED OTHER SOURCES TOTAL ESTIMATED REVENUE AND OTHER SOURCES 133 1.524 1.408.000 26.500 _33,497 18,000 8,000 13,120 200 66,000 1,574,841 W N 0 60,965 60,965 S 1,635,806 TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 NEW SCHEDULE ------------ ORIGINAL BUDGET INFORMATION GENERAL TOWN OUTSIDE VILLAGE FUND ------------ APPROPRIATIONS AND OTHER USES E ----------------------------- - GENERAL GOVERNMENT SUPPORT EDUCATION PUBLIC SAFETY HEALTH TRANSPORTATION ECONOMIC ASSISTANCE AND OPPORTUNITY CULTURE AND RECREATION HOME AND COMMUNITY SERVICES EMPLOYEE BENEFITS DEBT SERVICE TOTAL ESTIMATED EXPENDITURES OTHER BUDGETARY PURPOSES INTERFUND TRANSFERS TOTAL ESTIMATED OTHER USES NEW SCHEDULE 0 ------------ DPCODE BUDGET AS ORIGINALLY ADOPTED ------ ---------------------------- AMOUNT B1999B $ 153,585 B2999B B3999B B4999B B5999B 5.140 B6999B B7999B 207.992 B8999B 313.945 B9199B 104.436 B9899B 785,098 B962B B9999B 850,708 TOTAL ESTIMATED APPROPRIATIONS AND OTHER USES $ 1,635,808 134 EWSCHEDULE TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 ORIGINAL BUDGET INFORMATION NEW-SCHEDULE COUNTY ROAD FUND ------------ ESTIMATED REVENUES AND OTHER SOURCES EDPCODE BUDGET AS ORIGINALLY ADOPTED ------------------------------------ ------- ---------------------------- AMOUNT REAL PROPERTY TAXES D1049B S REAL PROPERTY TAX ITEMS SALES TAX OTHER NON PROPERTY TAX ITEMS USER CHARGES OTHER DEPARTMENTAL INCOME INTERGOVERNMENTAL CHARGES USE OF MONEY AND PROPERTY LICENSES AND PERMITS *INES AND FORFEITURES SALE OF PROPERTY AND COMP. FOR LOSS MISCELLANEOUS LOCAL SOURCES INTERFUND REVENUE STATE AID FEDERAL AID INTERFUND TRANSFERS TOTAL ESTIMATED REVENUES D1099B D1190B D1199B D1290B D1299B D2399B D2499B D2599B D2649B D2699B D2799B D2801B D3099B D4099B D5031B APPROPRIATED RESERVE D511B OBLIGATIONS AUTHORIZED D530B PROCEEDS OF OBLIGATIONS (ESTIMATED) D5799B APPROPRIATED FUND BALANCE D599B •TOTAL ESTIMATED OTHER SOURCES TOTAL ESTIMATED REVENUE AND. OTHER SOURCES 135 S NEW SCHEDULE ------------ TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 ORIGINAL BUDGET INFORMATION COUNTY ROAD FUND ------------ APPROPRIATIONS AND OTHER USES ----------------------------- GENERAL GOVERNMENT SUPPORT EDUCATION PUBLIC SAFETY HEALTH TRANSPORTATION ECONOMIC ASSISTANCE AND OPPORTUNITY CULTURE AND RECREATION HOME AND COMMUNITY SERVICES EMPLOYEE BENEFITS DEBT SERVICE TOTAL ESTIMATED EXPENDITURES OTHER BUDGETARY PURPOSES INTERFUND TRANSFERS TOTAL ESTIMATED OTHER USES NEW SCHEDULE ------------ EDPCODE BUDGET AS ORIGINALLY ADOPTED ------- ---------------------------- AMOUNT D1999B S D2999B D3999B D4999B D5999B D6999B D7999B D8999B D9199B D9899B D962B D9999B TOTAL ESTIMATED APPROPRIATIONS AND OTHER USES $ 136 �J TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 NEW SCHEDULE NEWSCHEDULE - ORIGINAL BUDGET INFORMATION HIGHWAY - TOWN -WIDE FUND ------------ ESTIMATED REVENUES AND OTHER SOURCES EDPCODE BUDGET AS ORIGINALLY ADOPTED ------------------------------------ ------- ---------------------------- AMOUNT REAL PROPERTY TAXES REAL PROPERTY TAX ITEMS SALES TAX OTHER NON PROPERTY TAX ITEMS USER CHARGES OTHER DEPARTMENTAL INCOME INTERGOVERNMENTAL CHARGES USE OF MONEY AND PROPERTY LICENSES AND PERMITS 46FINES AND FORFEITURES SALE OF PROPERTY AND COMP. FOR LOSS MISCELLANEOUS LOCAL SOURCES INTERFUND REVENUE STATE AID FEDERAL AID INTERFUND TRANSFERS TOTAL ESTIMATED REVENUES DA1049B $ DA1099B DA1190B DA1199B. DA1290B DA1299B DA2399B DA2499B DA2599B DA2649B DA2699B DA2799B DA2801B DA3099B DA4099B DA5031B APPROPRIATED RESERVE DA511B OBLIGATIONS AUTHORIZED DA530B PROCEEDS OF OBLIGATIONS (ESTIMATED) DA5799B APPROPRIATED FUND BALANCE DA599B TOTAL ESTIMATED OTHER SOURCES TOTAL ESTIMATED REVENUE AND OTHER SOURCES S 137 TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 NEW SCHEDULE NEW SCHEDULES ------------ ------------ ORIGINAL BUDGET INFORMATION HIGHWAY - TOWN -WIDE FUND ------------ APPROPRIATIONS AND OTHER USES EDPCODE BUDGET AS ------- ---------------------------- ORIGINALLY ADOPTED ----------------------------- AMOUNT GENERAL GOVERNMENT SUPPORT DA1999B S EDUCATION DA2999B PUBLIC SAFETY DA3999B HEALTH DA4999B TRANSPORTATION DA5999B ECONOMIC ASSISTANCE AND OPPORTUNITY DA6999B CULTURE AND RECREATION DA7999B HOME AND COMMUNITY SERVICES DA8999B EMPLOYEE BENEFITS DA9199B DEBT SERVICE DA9899B TOTAL ESTIMATED EXPENDITURES OTHER BUDGETARY PURPOSES DA962B INTERFUND TRANSFERS DA9999B TOTAL ESTIMATED OTHER USES TOTAL ESTIMATED APPROPRIATIONS AND OTHER USES $ C 138 TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 NEW SCHEDULE NEWSCHEDULE - ORIGINAL BUDGET INFORMATION HIGHWAY - PART -TOWN FUND ESTIMATED REVENUES AND OTHER SOURCES EDPCODE BUDGET AS ORIGINALLY ADOPTED. ------------------------------------ ------- ---------------------------- AMOUNT REAL PROPERTY TAXES DB1049B S REAL PROPERTY TAX ITEMS SALES TAX OTHER NON PROPERTY TAX ITEMS USER CHARGES OTHER DEPARTMENTAL INCOME INTERGOVERNMENTAL CHARGES USE OF MONEY AND PROPERTY LICENSES AND PERMITS FINES AND FORFEITURES SALE OF PROPERTY AND COMP. FOR LOSS MISCELLANEOUS LOCAL SOURCES INTERFUND REVENUE. STATE AID FEDERAL AID INTERFUND TRANSFERS TOTAL ESTIMATED REVENUES APPROPRIATED RESERVE OBLIGATIONS AUTHORIZED DB1099B DB1190B DB1199B DB1290B DB1299B DB2399B 13,255 DB2499B 11,000 DB2599B DB2649B DB2699B 27,680 DB2799B 3,000 DB2801B 844,003 DB3099B 46,000 DB4099B DB5031B 944,938 DB511B 0 DB530B PROCEEDS OF OBLIGATIONS (ESTIMATED) DB5799B APPROPRIATED FUND BALANCE DB599B TOTAL ESTIMATED OTHER SOURCES TOTAL ESTIMATED REVENUE AND OTHER SOURCES 139 206,705 206,705 S 1,151,643 TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 NEW SCHEDULE ------------ NEW SCHEDULE ORIGINAL BUDGET INFORMATION HIGHWAY - PART -TOWN FUND ------------ APPROPRIATIONS AND OTHER USES EDPCODE BUDGET AS ORIGINALLY ADOPTED ---------------------------------------------------------------- GENERAL GOVERNMENT SUPPORT EDUCATION PUBLIC SAFETY HEALTH TRANSPORTATION ECONOMIC ASSISTANCE AND OPPORTUNITY CULTURE AND RECREATION HOME AND COMMUNITY SERVICES EMPLOYEE BENEFITS DEBT SERVICE TOTAL ESTIMATED EXPENDITURES OTHER BUDGETARY PURPOSES INTERFUND TRANSFERS TOTAL ESTIMATED OTHER USES AMOUNT DB1999B $ DB2999B DB3999B DB4999B DB5999B 1,006,740 DB6999B DB7999B DB8999B DB9199B 138,198 DB9899B 1,144,938 DB962B 0 DB9999B 6,705 6,705 TOTAL ESTIMATED APPROPRIATIONS AND OTHER USES $ 1,151,643 • 140 TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 EW -SCHEDULE NEWSCHEDULE ORIGINAL BUDGET INFORMATION HIGHWAY - ROAD'MACHINERY FUND ------------ ESTIMATED REVENUES AND OTHER SOURCES EDPCODE BUDGET AS ORIGINALLY ADOPTED ------------------------------------ ------- ---------------------------- AMOUNT REAL PROPERTY TAXES DM1049B 5 .REAL PROPERTY TAX ITEMS SALES TAX OTHER NON PROPERTY TAX ITEMS USER CHARGES OTHER DEPARTMENTAL INCOME INTERGOVERNMENTAL CHARGES USE' OF MONEY AND PROPERTY LICENSES AND PERMITS `!SINES AND FORFEITURES SALE OF PROPERTY AND COMP. FOR LOSS MISCELLANEOUS LOCAL SOURCES INTERFUND REVENUE STATE AID FEDERAL AID INTERFUND TRANSFERS TOTAL ESTIMATED REVENUES DM1099B DM1190B DM1199B DM1290B DM1299B DM2399B DM2499B DM2599B DM2649B DM2699B DM2799B DM2801B DM3099B DM4099B DM5031B APPROPRIATED RESERVE DM511B OBLIGATIONS AUTHORIZED DM530B PROCEEDS OF OBLIGATIONS (ESTIMATED) DM5799B APPROPRIATED FUND BALANCE DM599B &OTAL ESTIMATED OTHER SOURCES TOTAL ESTIMATED REVENUE AND OTHER SOURCES 141 S TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 NEW SCHEDULE ORIGINAL BUDGET INFORMATION HIGHWAY - ROAD MACHINERY FUND ------------ NEW SCHEDULE ------------ APPROPRIATIONS AND OTHER USES EDPCODE BUDGET AS ORIGINALLY ADOPTED ---------------------------------------------------------------- GENERAL.GOVERNMENT SUPPORT EDUCATION PUBLIC SAFETY HEALTH TRANSPORTATION ECONOMIC ASSISTANCE AND OPPORTUNITY CULTURE AND RECREATION HOME AND COMMUNITY SERVICES EMPLOYEE BENEFITS DEBT SERVICE TOTAL ESTIMATED EXPENDITURES OTHER BUDGETARY PURPOSES INTERFUND TRANSFERS TOTAL ESTIMATED OTHER USES AMOUNT DM1999B S DM2999B DM3999B DM4999B DM5999B DM6999B DM7999B DM8999B DM9199B DM9899B DM962B DM9999B TOTAL ESTIMATED APPROPRIATIONS AND OTHER USES $ 142 op_ EW-SCHEDULE TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 ORIGINAL BUDGET INFORMATION NEW -SCHEDULE WATER FUND ------------ ESTIMATED REVENUES AND OTHER SOURCES EDPCODE BUDGET AS ORIGINALLY ADOPTED ------------------------------------ ------- ---------------------------- AMOUNT REAL PROPERTY TAXES REAL PROPERTY TAX ITEMS SALES TAX OTHER NON PROPERTY TAX ITEMS USER CHARGES OTHER DEPARTMENTAL INCOME INTERGOVERNMENTAL CHARGES USE OF MONEY AND PROPERTY LICENSES AND PERMITS *INES AND FOR SALE OF PROPERTY AND COMP. FOR LOSS MISCELLANEOUS LOCAL SOURCES INTERFUND REVENUE STATE AID FEDERAL AID INTERFUND TRANSFERS TOTAL ESTIMATED REVENUES APPROPRIATED RESERVE FX1049B $ FX1099B 632.552 FX1190B FX1199B FX1290B 1.292.730 FX1299B FX2399B 10.000 FX2499B 30.000 FX2599B FX2649B FX2699B 1.500 FX2799B FX2801B FX3099B FX4099B FX5031B 1,966,782 FX511B 0 OBLIGATIONS AUTHORIZED FX530B 0 PROCEEDS OF OBLIGATIONS (ESTIMATED) FX5799B 0 APPROPRIATED FUND BALANCE FX599B 380,878 TOTAL ESTIMATED OTHER SOURCES TOTAL ESTIMATED REVENUE AND OTHER SOURCES 143 380,878 $ 2,347,660 NEW SCHEDULE TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 ORIGINAL BUDGET INFORMATION WATER FUND ------------ APPROPRIATIONS AND OTHER USES ----------------------------- GENERAL GOVERNMENT SUPPORT EDUCATION PUBLIC SAFETY HEALTH TRANSPORTATION ECONOMIC ASSISTANCE AND OPPORTUNITY CULTURE AND RECREATION HOME AND COMMUNITY SERVICES EMPLOYEE BENEFITS DEBT SERVICE TOTAL ESTIMATED EXPENDITURES OTHER BUDGETARY PURPOSES INTERFUND TRANSFERS TOTAL ESTIMATED OTHER USES NEW SCHEDULE ------------ EDPCODE BUDGET AS ORIGINALLY ADOPTED 1,823,005 FX962B FX9999B 524,655 524,655 TOTAL ESTIMATED APPROPRIATIONS AND OTHER USES $ 2,347,660 LA 144 AMOUNT FX1999B $ 6,033 FX2999B FX3999B FX4999B FX5999B FX6999B FX7999B FX8999B 1,395,552 FX9199B 7,184 414,236 FX9899B 1,823,005 FX962B FX9999B 524,655 524,655 TOTAL ESTIMATED APPROPRIATIONS AND OTHER USES $ 2,347,660 LA 144 NEW SCHEDULE ------------ TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 ORIGINAL BUDGET INFORMATION SEWER FUND ------------ ESTIMATED REVENUES AND OTHER SOURCES EDPCODE ------------------------------------------- REAL PROPERTY TAXES REAL PROPERTY TAX ITEMS SALES TAX OTHER NON PROPERTY TAX ITEMS USER CHARGES OTHER DEPARTMENTAL INCOME INTERGOVERNMENTAL CHARGES USE OF MONEY AND PROPERTY LICENSES AND PERMITS =INES AND FORFEITURES SALE OF PROPERTY AND COMP. FOR LOSS MISCELLANEOUS LOCAL SOURCES INTERFUND REVENUE STATE AID FEDERAL AID INTERFUND TRANSFERS TOTAL ESTIMATED REVENUES APPROPRIATED RESERVE OBLIGATIONS AUTHORIZED PROCEEDS OF OBLIGATIONS (ESTIMATED) NEW SCHEDULE BUDGET AS ORIGINALLY ADOPTED ---------------------------- AMOUNT G1049B $ 0 G1099B 612,335 G1190B 0 G1199B 253,420 G1290B 1,166,310 G1299B 2,053,745 G2399B G2499B 21,000 G2599B G2649B G2699B 480 G2799B 200 G2801B G3099B G4099B G5031B 1,800,325 G511B 0 G530B 0 G5799B 0 G599B 253,420 253,420 $ 2,053,745 APPROPRIATED FUND BALANCE TOTAL ESTIMATED OTHER SOURCES TOTAL ESTIMATED REVENUE AND OTHER SOURCES 145 NEW SCHEDULE ------------ TOWN OF ITHACA COUNTY OF TOMPKINS FOR THE FISCAL YEAR ENDED 1997 ORIGINAL BUDGET INFORMATION SEWER FUND ------------ APPROPRIATIONS AND OTHER USES ----------------------------- GENERAL GOVERNMENT SUPPORT EDUCATION PUBLIC SAFETY HEALTH TRANSPORTATION ECONOMIC ASSISTANCE AND OPPORTUNITY CULTURE AND RECREATION HOME AND COMMUNITY SERVICES EMPLOYEE BENEFITS DEBT SERVICE TOTAL'ESTIMATED EXPENDITURES OTHER BUDGETARY PURPOSES INTERFUND TRANSFERS TOTAL ESTIMATED OTHER USES NEW SCHEDULE ------------ EDPCODE BUDGET AS ORIGINALLY ADOPTED ------- ---------------------------- AMOUNT G1999B $ 5,583 G2999B G3999B G4999B G5999B G6999B G7999B G8999B G9199B 7,183 G9899B 811,121 2,029,090 G962B 0 G9999B 24,655 24,655 TOTAL ESTIMATED APPROPRIATIONS AND OTHER USES $ 2,053,745 146 TOWN OF ITHACA • NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1997 Note 1 - Summary of Significant Accounting Policies The general purpose financial statements of the Town of Ithaca 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 Ithaca, which was erected in 1821, is governed by Town Law, other general municipal laws of the State of New York, and various local laws. The Town Board is the legislative body responsible for the overall operation, the Town Supervisor serves as Chief Executive Officer and Chief Fiscal Officer. The Town provides the following principal services: fire protection, transportation (streets and highways), recreation, planning and zoning, general administration, public improvements, water and sewer. • Street lighting is provided by the Town Board in nine separate areas of the Town called lighting districts. It is funded by means of a tax on the real property situated within each district. The Town provides for intersection street lighting from the General Fund appropriations. Fire protection for certain areas of the Town outside the village is provided by the Town Board via the Ithaca Fire Protection District. This district is funded by means of a tax on the real property situated within the district. Services for fire protection are contracted out through the City of Ithaca and the Village of Cayuga Heights. All governmental activities and functions performed for the Town of Ithaca are its direct responsibility. No other governmental organizations have been included or excluded from the reporting entity. The financial reporting entity consists of the following, as defined by Governmental Accounting Standards Board (GASB) Statement #14, "The Financial Reporting -Entity:" 1. The primary government which is the Town of Ithaca. 2. Organizations for which the primary government is financially accountable, and; 3. Other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's general purpose financial statements to be misleading or incomplete. The decision to include a potential component unit in the reporting entity is based on the criteria set forth in GASB Statement #14, including legal standing, fiscal dependency, and financial accountability. PAGE 1 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1997 Excluded from the Reporting Enti Southern Cayuga Lake Intermunicipal Water Commission (SCLIWC) is a joint venture involving the Towns of Ithaca, Dryden, Lansing, and the Villages of Cayuga Heights and Lansing. The joint venture operates under terms of an original agreement dated March 1, 1977 and has been amended several times, the last of which is dated January 1, 1992. SCLIWC's executive body consists of ten members, two members being appointed by each municipality. The Treasurer of SCLIWC is the Town of Ithaca's Supervisor. The Town of Ithaca owns a majority (51.869%) of the Commission and must adopt its budget and any subsequent amendments. The Southern Cayuga Lake Intermunicipal Water Commission is considered a Joint Venture with the Town of Ithaca. Although the following organization, function or activity is related to the Town of Ithaca, it is not included in the Town of Ithaca reporting entity. See Note 3 for additional disclosures regarding the joint venture. Ithaca Area Wastewater Treatment Plant, with the Town of Dryden and City of Ithaca. B. Basis of Presentation - Fund Accounting The accounts of the Town are organized on the basis of funds or account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for within a separate set of self -balancing accounts that comprise its assets, liabilities, fund balance, revenues. and expenditures which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions and limitations. The various funds are summarized by type in the financial statements. (Certain funds of the Town are utilized to account for resources derived from, and/or expenditures applicable to an area less than the entire Town.) The following fund types and account groups are used: Fund Categories a. Governmental Fund Types - are those through which most governmental functions are financed. The acquisition, use and balances of expendable financial resources and the related liabilities are accounted for through Governmental Funds. The measurement focus of the Governmental Funds is based upon determination of financial position and changes in financial position. The following are the Tow's Governmental Fund Types: - General Fund Townwide: To account for revenues (i.e., general tax and other from state, federal, and local sources) which are not required by the law or other provision to be accounted for in other funds and which finance the basic governmental functions provided by the Town. PAGE 2 • TOWN OF ITHACA' NOTES TO FINANCIAL, STATEMENTS DECEMBER 31, 1997 - General Fund Town Outside: Used to record transactions which are required to be charge on the area of the Town outside the village. - Special Revenue Funds: Utilized to account for revenues derived from specific sources which are required by law or regulation to be accounted for in separate funds. Special Revenue Funds include the following: Highway Fund: Used to account for revenues and expenditures for parttown highway purposes, Water Fund: Established by law to account for revenues derived from charges for water consumption and benefited assessments and the application of such revenues toward related operating expenses and debt retirement. Sewer Fund: Established by law to account for revenues derived from sewer rents and benefited assessments and used for related operating expenses and debt retirement. Lighting District Fund: Used to record operation and maintenance transactions. Revenues derived from special districts' assessment. Fire Protection District Fund: Used to record transactions involving the Town Fire Protection District and the contracts for fire protection with the City of Ithaca and the Village of Cayuga Heights. - Debt Service Fund: Used to account for interest earned on proceeds of borrowing for water and sewer capital projects. Interest earned is transferred to the Debt Service Fund from the Capital Projects Fund and then to the Operating Funds for payment of principal and interest. Annual principal and interest payments due on serial bonds is transferred from the Water and Sewer Funds. Payments are made directly from the Debt Service Fund to the respective paying agents. - Capital Projects Fund: Used to account for capital improvements financed from current monies transferred from other funds, federal, and state grants and proceeds of obligations. b. Fiduciary Funds - used to account for assets held by the local government in a trustee or custodial capacity. - Agency Fund: Used to account for those funds held in custody and subsequent distributions, transmittal or release to other governments, individuals or to other funds. PAGE 3 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1997 2. Account Groups Account Groups - used to establish accounting control and accountability for the Town's general fixed assets and general Long -Term debt. The two account groups are not "fluids". They are concerned only with the measurement of financial position, and not with the results of operations. - General Fixed Assets Account Group: Used to account for land, buildings, improvements other than buildings, and equipment utilized for general government purposes. - General Long -Term Debt Account Group: This group of accounts is established to account for all Long -Term debt and other obligations of the Town. Long -Term indebtedness includes obligations such as bonds, and bond anticipation notes. Other obligations included: unbilled retirement liabilities, any vested or accumulated vacation to be provided for in future budgets. C. Basis of Accounting-Weasurement Focus Basis of accounting refers to when revenues and expenditures 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 stated grants are accrued when the expenditure is made. Expenditures are recorded when incurred except that: a. Expenditures for prepaid expenses and inventory -type items are recognized at the time of the disbursements. b. Principal and interest on indebtedness are not recognized as an expenditure until due. C. Compensated absences, such as vacation and sick leave which vests or accumulates, are charged as an expenditure when paid. See Note 1-J. d. Pension costs are recognized as an expenditure when billed by the State. PAGE 4 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1997 - Account Groups General fixed 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. Long -Terni liabilities expected to be financed from Governmental Funds are accounted for in the General Long -Term Debt Account Group, rather than Governmental Funds. D. Property Taxes Town real property taxes are levied annually on January 1, and become a lien on that date. Property owners can elect to pay their taxes using one of two options. Taxpayers may elect to pay their bill in two installments equal to 1/2 the total bill, plus a 2.5 percent processing fee. If the installment option is selected, the first payment is due between January 1 and January 14, without penalty, or between January 15 and January 20 with 1 percent interest (election to pay in installments ceases January 20). The second installment is due on or before. July 1, payable to the County Division of Budget and Finance. Taxpayers may elect to pay their tax bill in full. Using this method, taxes are collected during the period January 1 to January 31, at face value and from February 1 to May 31, with interest added. The Town Receiver of Taxes collects all real estate taxes for Town and County purposes. The Town Receiver distributes the collected tax money to the Town Supervisor prior to distributing the balance collected to the County on June 1. The Town thereby is assured of 100 percent tax collection. Responsibility for the collection of unpaid taxes rests with the County. Uncollected tax .liens are sold annually by the County. E. Budgetary Data 1. Budget Policies - The budget policies are as follows: a. No later than October 5, the budget officer submits a tentative budget to the Town Board for the fiscal year commencing the following January 1. The tentative budget includes proposed expenditures and the proposed means of financing for all funds. b. After public hearings are conducted to obtain taxpayer comments, no later than November 20, the Town Board adopts the budget. C. All modifications of the budget must be approved by the Town Board. However, the Town Supervisor is authorized to transfer certain budgeted amounts within departments. d. Appropriations lapse at year-end. PAGE 5 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1997 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, is employed in all funds. 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. 3. Budget Basis of Accounting Budgets are adopted annually on a basis consistent with generally accepted accounting principles. Appropriations authorized for the current year are increased by the amount of encumbrances carried forward from the prior year. Encumbrances are not considered a disbursement in the financial plan or an expenditure in the GAAP based general purpose financial statements, but reserve a portion of the applicable appropriation, thereby ensuring that the -appropriations are not exceeded. F. Property, Plant and Equipment - General Fixed assets purchased for general governmental purposes are recorded as expenditures in the Governmental Funds and are capitalized at cost in the General Fixed. Assets Account Groep. Contributed fixed assets are recorded at fair market value at the date received. Fixed assets consisting of certain infrastructure type improvements other than buildings, including roads, bridges, curbs and gutters, streets and sidewalks, drainage, water and sewer lines and lighting systems, have not been capitalized. Such assets normally are immovable and of value only to the Town. Therefore, the purposes of stewardship for capital expenditures can be satisfied without recording these assets. No depreciation has been provided on general fixed assets, nor has interest on general fixed assets construction -in -progress been capitalized. G. Receivables Receivables are stated net of estimated allowances for uncollectable amounts. Amounts due from state and federal governments represents amounts owed to the Town to reimburse it for expenditures incurred pursuant to state and federally funded programs. Other receivables represent amounts owed to the Town including water and sewer charges, interest, and miscellaneous items. H. Investments Investments are stated at cost, which approximates market, except the Deferred Compensation Plan's assets which are recorded at market value in the Agency Fund. PAGE 6 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1997 I. Unemployment Insurance As of January 1, 1978, Town employees are covered by unemployment insurance. The Town has chosen to discharge its liability to the New York State Unemployment Insurance Fund by means of the benefit reimbursement method. This is a dollar -for -dollar reimbursement to the Unemployment Insurance Fund for the benefits paid to former employees and charged to the Town's account. The Town is exempt from federal unemployment insurance tax. J. Compensated Absences Employees, accrue vacation leave based on the number of years employed up to a maximum of 20 days a year. Upon separation from service, employees are paid for unused vacation time. Employees accrue sick leave at the rate. of one day per month and may accumulate such credits up to a total of 120 days. Employees who retire may use this sick leave to pay for post employment health insurance benefits. Vested vacation and sick leave is recorded in governmental funds as a Long -Term liability in the general Long -Term debt account group (GLTDAG) if payable from future financial resources, or as a fund liability and expenditures, if payable from current resources. The liability for compensated absences decreased by $16,644 during the year to $21,079 and is reported in the GLTDAG. K. Postemployment Benefits In addition to providing pension benefits, the Town of Ithaca provides health insurance coverage for retired employees. Substantially all of the Town's employees may become eligible for these benefits if they reach normal retirement age while working for the Town. Health care benefits are provided through an, insurance company whose premiums are based on the benefits paid during the year. The Town recognizes the cost of providing benefits by recording its share of insurance premiums as an expenditure in the.year paid. During the year $4,060 was paid from the General Townwide Fund on behalf of 4 retirees and $7,577 was paid from the Highway Fund on behalf of 3 retirees and $2,021 was paid from the General Outside Town Fund on behalf of 1 retiree. HEALTH INSURANCE CARRIERS Blue Cross/Blue Shield of Central New York HSC, Inc. Prepaid Health Plan L. Deferred Compensation The Town offers= their employees a Deferred Compensation Plan (the Plan) created in accordance with Internal Revenue Code Section 457. The Plan is available to all eligible participants, permits participants to defer a portion of their salary until future years. Amounts deferred under the Plan are not available to employees until termination, retirement, death or unforeseeable emergency. PAGE 7 TOWN OF ITHACA • NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1997 All amounts of compensation deferred under the Plan, all property and rights purchased with the amounts, and all income attributable to these amounts are solely the property and rights of the employer, subject only to the claims of the employer's general creditors. Participants' rights under the Plan are equal to those of general creditors of the employer in an amount equal to the fair market value of the deferred account of each participant. The Town has no liability for losses under the Plan but does have the duty of due care that would be required of an ordinary prudent investor. The Town believes it is unlikely that Plan assets will be used to satisfy future claims of general creditors. Plan assets of 557,671 at December 31, 1997 were reported as market value. Effective January 1, 1998, the plan amounts are the sole property and ownership of the employees. NL Risk Retention The Town of Ithaca is exposed to various --risks of loss related to theft of, damage to, and destruction of assets and injuries to employees. In 1996, the Town established reservations of fund balance for insurance and workers' compensation to finance certain uninsured risks of loss in the interest of lower annual insurance costs. Claims that will be paid from these reserves will be for minor property damage and premiums for workers' compensation and small employer medical claims. As of December 31, 1997, no claims have been made or paid and no premiums for workers' compensation have been • paid. Note 2 - Detail Notes on All Funds and Account Groups A. Assets 1. Cash and Investments The Town of Ithaca's investment policies are governed by State statutes. In addition, the Town of Ithaca has its own written investment policy. Town of Ithaca's monies must be deposited in FDIC insured commercial banks or trust companies located within the State of New York. The Supervisor and the Town Budget Officer are 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 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. The written investment policy requires repurchase agreements to be purchased from banks located within the state and that underlying securities must be obligations of the federal government. Underlying securities must have a market value of at least the cost of the repurchase agreement. For purposes of reporting cash flow, cash equivalents are defined as short-term, highly liquid investments that are both readily convertible to known amounts of cash and near their maturity. PAGE 8 TOWN OF ITHACA NOTES TO FINANCIAL: STATEMENTS DECEMBER 31, 1997 Deposits and investments at year end were entirely covered by federal deposit insurance or by collateral held by the Town's custodial bank in the Town's name. All deposits including certificates of deposit are carried at cost or cost plus accrued interest. Deposits and investments are categorized as insured and for which the securities are held by the Town's agent in the Town's name, and collateralized, and for which the securities are held by the pledging financial institution's trust department or agent in the Town's name. 01 3. Deposits: Total financial institution (bank) balances at December 31, 1997 totaled $4,974,579. These deposits were fully collateralized by securities with a fair market value at December 31, 1997 of $6,417,878. Changes in Fixed Assets A summary of changes in general fixed assets as follows: Balance Tyne 1/1/97 Additions Land $ 118,849 $ Building 410,674 Machinery & Equipment 1,675,942 348,740 $2,205,465 $348,740 Other Receivables Balance Deletions 12/31%97 $ $ 118,849 410,674 12.762 2,011,920 1$ 2, 762 $2,541,443 The Town had the following receivables at December 31, 1997: Fund Description Amount Special Revenue: Water Rents & Special Assessments $1.69,384 Sewer Rents & Special Assessments 93,536 Total Special Revenue $262,920 B. Liabilities 1. Pension Plans Plan Description - The Town of Ithaca participates in the New York State and Local Employees' Retirement System (ERS) and the Public Employees' Group Life Insurance Plan (Systems). These are cost-sharing multiple -employer retirement systems. The Systems provide 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 PAGE 9 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1997 Retirement and Social Security Law (NYSRSSL). As set forth in the NYSRSSL, the Comptroller of the Stateof 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 administration and transaction of the business of the Systems and 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 percent of their salary. Under the authority of the NYSRSSL, the Comptroller shall certify annually the rates expressed as proportions of payroll of members, which shall be used in computing the contributions required to be made by employers to the pension accumulation fund. The Town of Ithaca is required to contribute at an actuarially determined rate. The required contributions for the current year and two preceding years were: ERS 1997 $66,506 1996 66,648 1995 51,748 The Town of Ithaca contributions made to the Systems were equal to 100 percent of the contributions required each year. Since 1989, the Systems' billings have been based on Chapter 62 of the Laws of 1989 of the State of New York. This legislation requires participating employers to make payments on a current basis, while amortizing existing unpaid amounts relating to the Systems' fiscal years ended March 31, 188 and 1989 (which otherwise were to have been paid on June 30, 1989 and 1990, respectively) over a 17 year period, with an 8.75 percent interest factor added. Local governments were given the option to prepay this liability. The total unpaid liability at the end of the fiscal year was $0. 2. Short -Term Debt Liabilities for bond anticipation notes (BAN's) are generally accounted for in the Capital Projects Fund. The notes or renewal thereof may not extend more than two years beyond the original date of issue unless a portion is redeemed within two years and within each 12 month period thereafter. State law requires that BAN's issued for capital purposes be converted to Long -Term obligations within five years after the original issue date. However, BAHT 's issued for assessable improvement projects may be renewed for periods equivalent to the maximum life of the permanent financing, provided that stipulated annual reductions of principal are made. PAGE 10 0 • TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1997 Description Sewer Main Construction 3. Long -Term Debt InterestMaturity Amount Rate Date $172,000 4.00% 1/31/97 a. At December 31, 1997, the total outstanding indebtedness of the Town of Ithaca aggregated $6,441,992. Of this amount, $-0- was subject to the Town'sconstitutional debt limit and represented 0 percent of its debt limit. b. Bonds - The Town of Ithaca 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 Town, are recorded in the General Long -Term Debt Account Group. The provision to be made in future budgets for capital indebtedness represents the amount exclusive of interest, authorized to be collected in future years from taxpayers and others for liquidation of the Long -Term liabilities. c. Other Long -Term Debt - In addition to the above Long -Term debt the Town of Ithaca had the following noncurrent liabilities: * Due to Employees' Retirement System: represents the noncurrent portion of the liability to the State Retirement System. * Compensated Absences: represents the value of earned and unused portion of the liability for compensated absences. d. Summary Long -Term Debt - The following is a summary of Long -Term liabilities outstanding at December 31, 1997 by fund type and account group: General Long -Term Liability Debt Account Group Serial Bonds $6,375,000 Statutory Installment Bond 66,912 Due Employees' Retirement System 0 Compensated Absences 21,079 Total Long -Term Debt $6.462,991 • e. The following is a summary of changes in Long -Term liabilities for the period ended December 31, 1997: PAGE 11 TOWN OF ITHACA • NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1997 Statutory Deletions due to employee retirement and compensated absences are shown at net since it is impracticable to determine these amounts separately. Interest expense for the year ended December 31, 1997 amounted to $468,356. f. Long -Term Debt Maturity Schedule - The following is a statement of serial bonds and statutory installment bonds with corresponding maturity schedule. (See Exhibits A, B, C.) g. The following table summarizes the Town of Ithaca's future debt service requirements as . of December 31, 1997. (See Exhibit D.) C. Interfund Receivables and Payables Interfund receivables and payables at December 31, 1997 were as follows: Serial Due Employee Compensated Installment Payables Bonds Retirement Absences Bond Balance 1/1/97 $6,960,000 $43,577 $20,681 $87,141 Additions -0- -0- Sewer 106,520 Deletions 585,000 43,577 25,132 20,229 Balance 12/31/97 $6,375,000 $-0- $21.079 $66,912 Deletions due to employee retirement and compensated absences are shown at net since it is impracticable to determine these amounts separately. Interest expense for the year ended December 31, 1997 amounted to $468,356. f. Long -Term Debt Maturity Schedule - The following is a statement of serial bonds and statutory installment bonds with corresponding maturity schedule. (See Exhibits A, B, C.) g. The following table summarizes the Town of Ithaca's future debt service requirements as . of December 31, 1997. (See Exhibit D.) C. Interfund Receivables and Payables Interfund receivables and payables at December 31, 1997 were as follows: Interfund Interfund Fund Receivables Payables General Townwide $ -0- $ -0- General Outside -0- -0- Highway 131,957 1317957 Water -0- -0- Sewer 106,520 106,520 Fire Protection -0- -0- Agency -0- -0- „ Total $238,477 $238,477 D. Fund Equity 1. Reserves a. The General Townwide Fund equity includes Reserve Funds established future real • property tax settlement. The balance at the end of 1997 was $24,784. This Reserve Fund was designated by Board resolution on October 2, 1997. The Reserve Fund is also increased by interest earnings for the year. PAGE 12 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS (continued) DECEMBER 31, 1997 ISSUE DESCRIPTION WATER & SEWER IMPROVEMENT / 1976 ( 13% WATER - 87% SEWER) SNYDER HILL ROAD STH HILL WATER EXT#1 2ND STH HILL RD/ SEWER STH HILL EXT# 1 / SEWER STH HILL EXT# 1 / SEWER PUBLIC IMPROVEMENT / 1983 ( 71 % WATER - 29% SEWER) STONE QUARRY / WEST KING TOWNWIDE SEWER BENEFIT PUBLIC IMPROVEMENT / 1986 ( 19% WATER - 81 % SEWER) WATER IMPROVEMENT / 1984 WASTE WATER TREATMENT PLANT SEWER IMPROVEMENT PORTION ISSUE ISSUE INTEREST MATURITY OUTSTANDING DATE AMOUNT RATE 12/31/97 3/1/77 $1,967,000 6.00% 3/1/03 $80,000 3/1/77 $ 158,000 6.00% 3/1/03 $ 32,000 3/1/77 $ . 40,000 6.00% 3/1/99 $ 4,000 3/1/77 $ 792,000 6.00% 3/1/98 $ 36,000 3/1/77 $ 85,000 6.00% 3/1/98 $ 1,000 3/1/77 $ 102,000 6.00% 3/1/99 $ 7,000 6/1/84 $ 602,000 7.10% 6/1198 $ 30,000 3/1184 $ 429,828 7.10% 3/1/98 $ 21,420 3/1/84 $ 171,172 7.10% 3/1/98 $ 8,580 5/15/87 $ 2, 830, 000.00 6.80% 5/1/06 $ 1,350,000 5/15/87 $ 550,000 6.80% 5/15/06 $ 270,000 5/15/87 $ 2,100,000 6.80% 5/15/06 $ 990,000 5/15/87 $ 180,000 6.80% 5/15/06 $ 90,000 EXHIBIT A - Page 12 ISSUE DESCRIPTION PUBLIC IMPROVEMENT / 1989 ( 49% WATER - 51 % SEWER) WATER IMP / 1 ST SERIES 1987 WATER IMP / 2ND SERIES 1987 OLD STH HILL WATER/ 1STAUTH OLD STH HILL WATER / 2ND AUTH CODDINGTOIN RD SEWER SEWER IMP / 1ST SERIES 1987 SEWER IMP / 2ND SERIES 1987 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS (continued) DECEMBER 31, 1997 ISSUE $ ISSUE INTEREST MATURITY OUTSTANDING DATE $ AMOUNT RATE $ 100,000 12/31/97 9/1/89 $ 2,580,000 7.30% 3/1/08 $ 1,590,000 9/1/89 $ 479,000 7.30% 3/1/08 $ 299,150 9/1/89 $ 500,000 7.30% 3/1/08 $ 300,000 9/1/89 $ 143,982 7.30% 3/1/08 $ 83,358 9/1/89 $ 112,018 7.30% 3/1/08 $ 64,892 9/1/89 $ 11,000 7.30% 3/1/08 $ 6,600 9/1/89 $ 384,000 7.30°x6 3/1/08 $ 252,000 9/1/89 $ 950,000 7.30% 3/1/08 $ 584,000 PUBLIC IMPROVEMENT BOND/ 1991 ( 52% WATER - 48% SEWER) 7/15/91 $ 4,465,000 TOWN WATER BENEFITTED AREA 7/15/91 $ 2,337,000 TWN OF ITHACA WTR BENEFITTED 7/15/91 $ 2,128,000 STATUTORY INSTALLMENT BOND ( TOWN OF ITHACA SHARE - 51.869%) ZEBRA MUSSELL 1991 ZEBRA MUSSELL 1992 ZEBRA MUSSELL 1993 11/7/91 $ 300, 000 12/30/91 $ 100,000 1/17/92 $ 100,000 1/13/93 $ 100,000 TOTAL PRINCIPAL DEBT OUTSTANDING @ 12/31/97 EXHIBIT B- Page 12 6.63% 7/15/11 $ 3,325,000 6.625% 7/15/11 $ 1,729,000 6.625% 7/15/11 $ 1,596,000 VARIOUS VARIOUS $ 65,912 6.00% 6/1/00 $ 22,304 6.00% 6/1/00 $ 22,304 5.00% 6/1/00 $ 22,304 $6,441,912 0 V 0 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS (continued) DECEMBER 31, 1997 SUMMARY OF DEBT RESPONSIBILITY BY FUND ISSUE DESCRIPTION WATER & SEWER IMPROVEMENT / 1976 ( 13% WATER - 87% SEWER ) PUBLIC IMPROVEMENT / 1983 ( 71 % WATER - 29% SEWER) PUBLIC IMPROVEMENT / 1986 ( 19% WATER - 81 % SEWER ) PUBLIC IMPROVEMENT / 1989 ( 49% WATER - 51 % SEWER) PUBLIC IMPROVEMENT BOND / 1991 (52% WATER - 48% SEWER) STATUTORY INSTALLMENT BOND ( TOWN OF ITHACA SHARE - 51.869%) TOTAL LONG TERM DEBT OUTSTANDING $ 66,912 WATER 66,912 SEWER 12/31/97 6,441,912 $ 2,863,212 $ 3,578,700 $ 80,000 $ 10,400 $ 69,600 $ 30,000 $ 21,300 $ 8,700 $ 1,350,000 $ 256,500 $ 1,093,500 $ 1,590,000 $ 779,100 $ 810,900 3,325,000 $ 1,729,000 $ 1,596,000 $ 66,912 $ 66,912 $ - $ 6,441,912 $ 2,863,212 $ 3,578,700 EXHIBIT C - Page 12 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS (con(dnued) DECEMBER 31, 1997 SUMMARY OF FUTURE DEBT REQUIREMENTS WATER & SEWER IMPROVEMENT/ 1976 $ 50,000 $ 3,300 $ 10,000 $ 1,500 $ 5,000 $ 1,050 $ 5,000 $ 750 $ 5,000 $ 450 $ , 5,000 $ 150 PUBLIC IMPROVEMENT 11983 30,000 1,065 - - - - - - - - - - PUBLIC IMPROVEMENT/ 1986 150,000 86,700 150,000 76,500 150,000 66,300 150,000 56,100 150,000 45,900 600,000 81,600 PUBLIC IMPROVEMENT/ 1989 140,000 110,960 140,000 100,740 140,000 90,520 140,000 80,300 140,000 70,080 890,000 196,735 PUBLIC IMPROVEMENT BOND/ 1991 200,000 220,281 200,000 207,031 225,000 193,781 225,000 178,875 225,000 163,989 2,250,000 703,906 STATUTORY INSTALLMENT BOND 24,021 3,792 25,986 2,645 24,664 1,323 - - - - - - TOTAL LONG TERM DEBT $ 5941021 $426,098 $ 5251986 $388,417 $ 544,664 $ 352,974 $5204000 $316,025 $ 520,000 $2801399 $3,7451000 $9821391 EXHIBIT D - Page 12 n TOXVN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1997 b. The General Part -Town Fund equity includes Reserve Funds established for future development of Open Space within the Town of Ithaca. The balance at the end of 1997 was $50,237. This Reserve Fund was designated by Board resolution on October 2, 1997. The Reserve Fund is also increased'by interest earnings for the year. C. The Highway Fund equity includes reserve funds established for highway machinery. The balance at the end of 1997 was $72,246. This Reserve Fund was designated by Board resolution on November 9, 1984, and any expended appropriation for machinery at year end is to be transferred to the Reserve Fund. The Reserve Fund is also increased by interest earned for the year. 2. Sewer Fund Balance The Sewer Fund balance in largely committed to debt repayment for the local share of the construction costs of the jointly -owned Ithaca Area Wastewater Treatment Plant, benefit charge stabilization and repair, replacement and maintenance of the sewer system. Note 3 - Joint Venture The following is an activity undertaken jointly with other municipalities. This activity is excluded from the Town's financial statements. Ithaca Area Wastewater Treatment Plant - The Town of Ithaca is also a participant in the joint sewer activity known as the Ithaca Area Wastewater Treatment Plant. The other participants are the Town of Dryden and the City of Ithaca. The City of Ithaca has custody of the joint activity money. Construction of the treatment plant began in the spring of 1984. Capital costs allocated to the Town of Ithaca is 41 percent of the total. Note 4 - Contingent Liabilities The Town of Ithaca is committed to debt repayment for the local share of construction costs of the jointly -owned Ithaca Area Wastewater Treatment Plant (IAWTP) benefit charge stabilization and repair, replacement, and maintenance of the sewer system. The Town and City of Ithaca currently are negotiating an agreement to share operations and maintenance costs for City owned sewer transmission lines utilized by both parties. The amount of the resulting assessment to the Town is not known nor can it be estimated as of the date of this report. The monies will come from the Sewer Fund. PAGE 13 TOWN OF ITHACA • SUMMARY OF INTERFUND TRANSFERS FOR THE YEAR ENDING DECEMBER 31, 1997 FUND AUD" PAGE INTERFUND REVENUES I EXPENSES GENERAL TOWNWIDE 10 51,720 GENERAL TOWNWIDE 15 27,809 GENERAL PART TOWN 27 867,000 RISK RETENTION 34 13,000 HIGHWAY 42 934,003 HIGHWAY 44 42,510 WATER 54 144,297 SEWER 63 133,910 40 CAPITAL PROJECT 90 216,803 TOTAL INTERFUND TRANSFERS 1,215,526 1,215,526 • Sheet2 TOWN OF ITHACA GENERAL LEDGER DETAIL INTERFUND REVENUE AND EXPENSE DECEMBER 31, 1997 GENERAL FROM "B, DB, F, G" A5031 23,820 FROM "B, DB, F, G" A5031 27,900 TO "R" FUND A9901.900 2,000 TO "H" FUND A9901.900 25,809 TOTAL 51,720 27,809 GEN'L PARTTOWN TO "DB" FUND A9901.900 844,003 TO "A" FUND A9901.900 4,705 TO "R" FUND A9901.900 2,000 TO "H" FUND A9901.90016,292 TOTAL - 867,000 HIGHWAY FUND FROM "B" FUND DB5031 844,003 FROM"F" FUND DB5031 45,000 FROM "G" FUND DB5031 45,000 TO "A" FUND TO "R" FUND D139901.900 DB9901.900 4,705 2,000 TO "H" FUND DB9901.900 35,805 TOTAL 934,003 42,510 RISK RETENTION FUND FROM "A" FUND R5031 2,000 - FROM "B" FUND R5031 2,000 - FROM "DB" FUND R5031 2,000 - FROM "F" FUND R5031 3,500 - FROM "G" FUND R5031 3,500 - TOTAL 13,000 - WATER FUND TO"A" FUND F9901.900 21,155 TO"R" FUND F9901.900 3,500 TO "H" FUND F9901.900 74,642 TO "DB" FUND F9901.900 45,000 TOTAL - 144,297 SEWER FUND TO"A" FUND G9901.900 - 21,155 TO"R" FUND G9901.900 - 3,500 TO "H" FUND G9901.900 - 64,255 TO "DB" FUND G9901.900 - 45,000 TOTAL - 133,910 CAPITAL PROJECT FUND FROM "A" FUND H5031 25,809 - FROM "B" FUND H5031 16,292 - FROM "DB" FUND H5031 35,805 - FROM "F" FUND H5031 74,642 - FROM "G" FUND H5031 64,255 - TOTAL 216,803 - TOTAL "AUD" 1,215,526 1,215,526