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2000 Annual Report Submitted to the NYS Comptroller
ANNUAL STATE COMPTROLLER'S FINANCIAL REPORT •: YEAR ENDING DECEMBER 31, 2000 TOWN OF ITHACA IN COUNTY OF TOMPKINS VILLAGE WITHIN TOWN VILLAGE OF CAYUGA HEIGHTS CERTIFICATION OF TOWN SUPERVISOR I, CATHY VALENTINO , ITHACA TOWN SUPERVISOR CERTIFY THAT THE FOLLOWING IS A TRUE AND CORRECT COPY OF THE 2000 ANNUAL STATE COMPTROLLER'S FINANCE REPORT OF THE TOWN OF ITHACA. A& / DATED: FEBRUARY 22, 2001 All Numbers in This Report Have Been Rounded To The Nearest Dollar ANNUAL FINANCIAL REPORT UPDATE DOCUMENT For The TOWN of Ithaca County of Tompkins For The Fiscal Year Ended AUTHORIZATION ARTICLE 3, SECTION 30 of the GENERAL MUNICPAL LAW: 1. 'Every Municipal Corporation *** shall annually make a report of its financial condition to the Comptroller. Such report shall be made by the Chief Fiscal Officer of such Municipal Corporation *** 5. All reports shall be certified by the officer making the same and shall be filed with the Comptroller 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 Page 1 TOWN OF Ithaca *** FINANCIAL SECTION *** Financial Information for the following funds and account groups are included in the Annual Financial Report filed by your government for the fiscal year ended 1999 and has been used by the OSC as the basis for preparing this update document for the fiscal year ended 2000: (A) GENERAL (B) GENERAL TOWN -OUTSIDE VG (CS) RISK RETENTION (DB) HIGHWAY -PART -TOWN (FX) WATER (G) SEWER (H) CAPITAL PROJECTS (K) GENERAL FIXED ASSETS (SF) FIRE PROTECTION (SL) LIGHTING (TA) AGENCY (V) DEBT SERVICE (W) GENERAL LONG-TERM DEBT All amounts included in this update document for 1999 represent data filed by your government with OSC as reviewed and adjusted where necessary. *** SUPPLEMENTAL SECTION *** The Supplemental Section includes the following sections: 1) Statement of Indebtedness 2) Schedule of Securities for Collateralization 3) Schedule of Time Deposits and Investments 4) Investment Certification 5) Bank Reconciliation 6) Local Government Questionnaire All numbers in this report will be rounded to the nearest dollar. Page 2 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (A) GENERAL Balance Sheet ode Description 1999 EdpCode 2000 Assets Cash In Time Deposits Petty Cash 1,037,278 200 A201 A210 1,170,168 300 LOTAL Cash 1,037,478 1,170,468 Accounts Receivable 686 A380 0 TOTAL Other Receivables (net) _ 686 State & Federal, Other 80,033 A410 68,780 LOTAL State And Federal AidReceivables 80,03368,780 Due From Other Funds 91 A391 0 TI OTAL Due From Other Funds 91 �0 Prepaid Expenses 12,131 A480 10,076 TOTAL Prepaid Expenses 12,131 10,076. Cash, Special Reserves 21,648 A230 222,303 TOTAL Restricted Assets 21,648 222,303 !TOTAL Assets 1,152,067 1,471,627 Page 3 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (A)GENERAL Balance Sheet -.:,1999 2000 Liabilities And Fund Equity Accounts Payable 1,375 A600 7,745 . [1110TAL Accounts Payable 11,375 7,745'' Accrued Liabilities 78,045 A601 51,092 Accrued Liabilities TOTAL Liabilities 79,420 58,83 General Reserve 21,648 A870 222,303 TOTAL Special Reserves 21,648 222,30 1 — —1 Unreserved Fund Balance Appropriated 291,355 A910 170,548 TOTAL Unreserved Fund Balance - Appropriated 291,355 170,5481 Unreserved Fund Balance Unappropriated 759,644 A911 1,019,939 Page 4 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (A) GENERAL Results of Operation ode Description 1999- EdpCode 2000 Detail Revenues And Other Sources Real Property Taxes 904,636 A1001 907,636 TOTAL Real Property Taxes V 904,636 A2610 907,636 Other Payments In Lieu of Taxes Interest & Penalties On Real Prop Taxes 3,779 12,128 A1081 A1090 4,095 8,395 TOTAL Real Property Tax Items- - _ 15,907 -�- `12,490 Non Prop Tax Dist By County 147,281 A1120 521,060 TOTAL N no Property Tax Items - 147,281 A2701 A2770 - 521,060 Clerk Fees Public Pound Charges, Dog Control Fees Contributions, Private Agencies -Youth Other Home & Community Services Income 2,688 7,198 14,199 A1255 A1550 A2070 A2189 2,486 7,281 39,875 18,979 TOTAL Departmental Income 24,085 A3005 A3820 68,621 Youth Recreation Services, Other Govts 46,822 A2350 50,557 TOTAL Intergovernmental Charges __ 46,822 i-� 50,557 Interest And Earnings 63,793 A2401 87,021 TOTAL Use of Money And Property _ gv� 63,793 -� 87,021 Bingo Licenses 780 A2540 684 Dog Licenses 1,976 A2544 2,000 TOTAL Licenses And Permits _ _ 2,756 - _ 2,684 Fines And Forfeited Bail 91,029 A2610 273,373 TLOTAL Fines And Forfeitures �A 91,029 _ 273,373 Sales of Equipment Insurance Recoveries 177 4,512 P2665 A2680 5 6,130 TOi TAL Sale of Property And Compensation For Loss 4,689 6,135 Refunds of Prior Year's Expenditures Unclassified (specify) 12,516 31,209 A2701 A2770 12,082 4,805 TOTAL Miscellaneous Local Sources 43,725 16,887 St Aid, Mortgage Tax St Aid, Youth Programs 213,351 1,323 A3005 A3820 191,930 0 DOTAL State Aid _ _ 214,674 191,930 TOTAL Revenues _ 1,559,397 i-� 2,138,394 Interfund Transfers 103,575 A5031 260,925 TOTAL Interfund Transfers 103,575 260,925 TOTAL Other Sources 103,575 260,925 TOl TAL Detail Revenues And Other Sources 1,662,972 2,399,319 Page 5 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (A) GENERAL Results of Operation ode Description "� • 1999 • EdpCode - 2000.E Detail Expenditures And Other Uses Legislative Board, Pers Sery Legislative Board, Contr Expend 29,760 636 A10101 A10104 48,375 1,760 TOTAL Legislative Board 30,396 50,135 Municipal Court, Pers Sery Municipal Court, Equip & Cap Outlay Municipal Court, Contr Expend 68,061 638 7,245 A11101 A11102 A11104 77,703 0 169,768 TOTAL Municipal Court 75,944 247,471 Supervisor,pers Sery Supervisor,equip & Cap Outlay Supervisor,contr Expend 30,286 500 2,173 A12201 A12202 A12204 30,600 47 1,354 TOTAL Supervisor 32,959 32,001 Auditor, Contr Expend 8,400 A13204 7,025 TOTAL Auditor 8,4007,025 Tax Collection,pers Sery Tax Collection,contr Expend 16,055 4,704 A13301 A13304 20,501 5,090 TOTAL Tax Collection _ 20,759 25,591 Budget, Pers Sery Budget, Equip & Cap Outlay Budget, Contr Expend 78,526 3,587 A13401 A13402 A13404 68,402 199 2,019 T. OTAL Budget _ 82,113 70,620 Clerk,pers Sery Clerk,contr Expend 77,404 7,826 A14101 A14104 76,636 5,171 TOTAL Clerk 85,230 81,807 Law, Contr Expend 22,049 A14204 20,093 TOTAL Law 22,049 20,093 _ Personnel, Pers Sery Personnel,equip & Cap Outlay Personnel, Contr Expend 45,160 208 7,477 A14301 A14302 A14304 48,364 0 7,230 TOTAL Personnel 52,845 55,594 Engineer, Pers Sery Engineer, Equip & Cap Outlay Engineer, Contr Expend 165,046 1,340 10,037 A14401 A14402 A14404 169,243 0 5,938 TOTAL Engineer 176,423 175,181 Elections, Contr Expend 6,224 A14504 15,409 TOTAL Elections 6,224 _ 15,409 Records Mgmt, PerS. SerV. Records Mgmt, Equip & Cap Outlay Records Mgmt, Contr Expend 28,431 12,743 4,085 A14601 A14602 A14604 30,958 26,099 3,632 TOTAL Records Mgmt 45,259 _ 60,689 Buildings, Pers Sery Buildings, Equip & Cap Outlay Buildings, Contr Expend 14,802 17,339 A16201 All 6202 A16204 14,689 172,106 54,932 OTAL Buildings - ^ 32,141 241,727 Central Comm System, Contr Expend 5,784 A16504 5,881 OTAL Central Comm System 5,784 5,881 Page 6 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (A) GENERAL Results of Operation ode Description 1999 EdpCode 2000 Detail Expenditures And Other Uses Central Storeroom, Contr Expend Parks, Equip & Cap Outlay A16604 7,622 IOTA entC ,aI toreroom Central Print & Mail, Equip & Cap Outlay Central Print & Mail,contr Expend 0 1,969 12,509 A16702 A16704 +7,622 0 10,969 TOTAL Central Print & Mail 14,478 0 10,969 Central Data Process & Cap Outlay Central Data Process, Contr Expend 12,682 864 A16802 A16804 73,991 8,653 TOTAL Central Data Process 13,546- ^- _ _ - 82� Unallocated Insurance, Contr Expend 9,838 Al 9104 -� 11,874 TOTAL Unallocated Insurance9,838_ TOTAL Joint Youth Prog ^- a 246,814 11,874 Municipal Assn Dues, Contr Expend _ 1,633 Al 9204 1,933 TOTAL Municipal Assn Dues _ 1,633 _1,933 Pur of Land/right of Way, Contr Expend 20,785 Al 9404 0 TOTAL Pur of Land/right of Way _^ _ _ _ Taxes & Assess On Munic Prop, Contr Expend TOTAL Taxes & Assess On Mu_nic Prop _ 20,785 _ _ _0 A19504 _ 0 5,014 5,014 TOTAL General Government Support 736,806 1,209,280 1,209,280 Police, Pers Sery Police, Contr Expend 9,265 36 A31201 A31204 9,283 0 TOTAL Police 9,301 9,283 Traffic Control, Contr Expen 240 A33104 240 TOTAL Traffic Control - 240 240 Control of Animals, Contr Expend 21,533 A35104 22,179 TOTAL Control of Animals 21,533 22,179 TOTAL Public Safety 31,074 31,702 Street Admin, Pers Sery Street Admin, Equip & Cap Outlay Street Admin, Contr Expend 77,499 772 5,178 A50101 A50102 A50104 79,240 199 3,962 TOI TAL Street Admin F 83,449 83,401 Garage, Equip & Cap Outlay Garage, Contr Expend 67,386 A51322 A51324 3,031 74,835 TOTAL Garage Y _ _ 67,386 77,866 Street Lighting, Contr Expend 39,667 A51824 36,428 TOTAL Street Lighting _ 39,667 36,428 TOTAL Transportation 190,502 197,695 Parks, Pers Sery A71101 79,079 Parks, Equip & Cap Outlay A71102 27,808 Parks, Contr Expend A71104 25,219 TOTAL Parks` ^J� ^� 0 132,106 Playgr & Rec Centers, Contr Expend 6,504 A71404 0 TOTAL Playgr & Rec Centers _ 6,504 _1 Joint Youth Prog, Contr Expend 246,814 A73204 247,456 TOTAL Joint Youth Prog ^- a 246,814 247,4561 Historian, Contr Expend 7,775 A75104 7,800 TOTAL Historian _ 7,775 7,800 Page 7 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (A) GENERAL Results of Operation ...a, �. y, a. .. �; x m ;- 2a 7"a e Descnptlon a . ( � "' " Mel ,� k P 2 Hri �f r� ;, '� " 5!999° EdpCode. „ s"2 O 00 Detail Expenditures And Other Uses Celebrations, Equip & Cap Outlay 100 A75502 2,956 TOTAL Celebrations 100 A90558 2,956 TOTAL Culture And Recreation 261,193 109,719 390,318 Misc Home & Comm Serv, Contr Expend 20,206 A89894 21,622 TOTAL Misc Home & Comm Sery 20,206 21,622 TOTAL Home And Community Services 20,206 21,622 State Retirement System 13,891 A90108 1,585 Social Security, Employer Cont Worker's Compensation, Empl Bnfts Unemployment Insurance, Empl Bnfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnft 48,631 A90308 56,239 5,520 A90408 7,733 6,942 A90508 603 1,213 A90558 680 76,800 A90608 109,719 TOTAL Employee Benefits 152,997 176,559 TI OTAL Expenditures _ 1,392,778 2,027,176 Transfers, Other Funds 110,000 A99019 32,000 TOTAL Operating Transfers 110,000 32,000 TOTAL Other Uses 110,000 32,000 TOTAL Detail Expenditures And Other Uses 1,502,778 2,059,176 Page 8 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (A) GENERAL Changes in Fund Equity ode:Description',_ '1999 EdpCode, -2000 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity -Beginning of Year 912,453 A8021 1,072,647 Restated Fund Equity - Beg of Year 912,453 A8022 1,072,647 ADD - REVENUES AND OTHER SOURCES 1,662,972 2,399,319 DEDUCT - EXPENDITURES AND OTHER USES 1,502,778 2,059,176 Fund Equity -End of Year 1,072,647 A8029 1,412,790 Page 9 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (A) GENERAL Budget Summary ode Description EdpCode ' Original 2000 11 Modified 2000'- Difference Adopted2001 Estimated Revenues And Other Sources Est Rev - Real Property Taxes Al 049B 907,636 907,636 0 Est Rev - Real Property Tax Items Al 099B 15,753 15,753 0 Est Rev - Non Property Tax Items Al 199B 280,068 316,651 36,583 Est Rev- Departmental Income Al 299B 29,444 31,444 2,000 Est Rev - Intergovernmental Charges A2399B 60,642 60,642 0 Est Rev - Use of Money And Property A2499B 42,025 42,025 0 Est Rev - Licenses And Permits A2599B 2,930 2,930 0 Est Rev- Fines And Forfeitures A2649B 48,000 251,833 203,833 Est Rev - Sale of Prop And Comp For Loss A2699B 4,500 4,500 0 Est Rev -Miscellaneous Local Sources A2799B 0 700 700 Est Rev - Interfund Revenues A2801 0 0 0 Est Rev - State Aid A3099B 161,250 161,250 0 Est Rev - Federal Aid A4099B 0 0 0 TOTAL Estimated Revenues 1,552,248 1,795,364 243,116 � 0 Estimated - Interfund Transfer A5031 B 92,930 205,559 112,629 Appropriated Reserve A511 B 0 0 0 Estimated - Proceeds of Obligations A5799B 0 0 0 Appropriated Fund Balance A599B 296,330 58,253 -238,077 NOTAL Estimated Other Sources 389,260 263,812 -125,448 TOTAL Estimated Revenues And Other Sources _ 1,941,508 2,059,176 117,668 01 Page 10 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (A) GENERAL Budget Summary ode Description .. ''' �'EdpCode' Original 20W, 1 Modified 20007 Difference - Adopted 2001-` Appropriations And Other Uses App - General Government Support Al 999B 830,744 1,209,280 -378,536 App - Education A2999B 0 0 0 App - Public Safety A3999B 53,079 31,702 21,377 App - Health A4999B 0 0 0 App - Transportation A5999B 271,400 197,695 73,705 App - Economic Assistance And Opportunity A6999B 0 0 0 App - Culture And Recreation A7999B 500,663 390,317 110,346 App - Home And Community Services A8999B 21,622 21,622 0 App -Employee Benefits A9199B 257,000 176,560 80,440 App - Debt Service A9899B 0 0 0 LTOTAL Appropriations 1,934,508 2,027,176 -92,668 0 Other Budgetary Purposes A962B 0 0 0 App - Interfund Transfer A9999B 7,000 32,000 -25,000 TOTAL Other Uses 7,000 32,000 45,000 0 TOTAL Appropriations And Other Uses 1,941,508 2,059,176 -117,668 0 Page 11 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 l: (B) GENERAL TOWN -OUTSIDE VG Balance Sheet ,. ode,��.Descnption, :��.: §.: �`,' .. " r ;199 _.. s .�. ..� U�>� x.• 9�� r dpC & 200Q, Assets Cash In Time Deposits 328,062 B201 388,568 - TOTAL Cash 328,062 388,568 Accounts Receivable 7,750 8380 351 TOTAL LreOth Receivables (net) 7,750 351 Due From Other Funds 3,590 B391 0 TOTAL Due From Other Funds 3,590 0 Due From Other Governments 63,266 8440 38,952 TOTAL Due From Other Governments 63,266 38,952 Prepaid Expenses 5,368 B480 0 TOTAL Prepaid Expenses 5,368 0 ' TOTAL Assets 408,036 427,871 Page 12 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (B) GENERAL TOWN -OUTSIDE VG Balance Sheet ode Description n.t^'. _ f 1999 EdpCode 2000e- Liabilities 000e Liabilities And Fund Equity Accounts Payable 648 B600 391 (TOTAL Accounts Payable _ 648 391 Accrued Liabilities 35,636 8601 30,894 TOTAL A rcc ued Liabilities 35,636 30,894 Due To Other Funds 3,681 B630 0 TOTAL Due To Other Funds 3,681 Oi TOTAL Liabilities 39,965 31,2856 Unreserved Fund Balance Appropriated 104,340 B910 _ 146,488 TOTAL Unreserved Fund Balance Appropriated T04,340 146,4881 Unreserved Fund Balance Unappropriated 263,731 B911 250,098 Page 13 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (B) GENERAL TOWN -OUTSIDE VG Results of Operation Page 14 OSC Municipality Code 500342300000 1999 E 2000 . Detail Revenues And Other Sources Sales Tax (from County) Franchises 524,000 33,157 B1120 B1170 302,884 38,770 TOTAL Non Property Tax Items 557,157 341,654 Zoning Fees Planning Board Fees 51,052 4,540 B2110 B2115 43,777 4,082 TOTAL Departmental Income ' 55,592 47,859 Youth Recreation Services, Other Govts 3,084 B2350 0 TOTAL Intergovernmental Charges 3,084 0 Interest And Earnings 6,604 B2401 17,681 TOTAL Use of Money And Property 6,604 17,681 Insurance Recoveries Other Compensation For Loss 3,103 27,592 B2680 B2690 3,049 13,090 TOTAL Sale of Property And Compensation For Loss 30,695 16,139 Refunds of Prior Year's Expenditures 577 B2701 511 TOTAL Miscellaneous Local Sources m 577 511` St Aid, State Revenue Sharing 68,663 B3001 72,096 TOTAL State Aid 68,663 72,096 DOTAL Revenues 722,372 495,940 Interfund Transfers 100,000 B5031 0 TOTAL Interfund Transfers 100,000 TOTAL Other Sources 100,000 0 TOTAL Detail Revenues And Other Sources 822,372 495,940 Page 14 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (B) GENERAL TOWN -OUTSIDE VG Results of Operation :z odes; Description � :. ,��, 1999 EdpCode 2000 Detail Expenditures And Other Uses Law, Contr Expend 69,256 B14204 35,136 TOTAL Law 69,256 TOTAL Culture And Recreation 139,683 Central Comm System, Contr Expend Zoning, Pers Sery B16504 2,384 TOTAL Central Comm System V^ Central Print & Mail, Contr Expend _ �0 1,214 v}' B16704 _ 2,384 2,999 TOTAL Central Print & Mail 1,214 T~ �A 2,999 Central Data Process & Cap Outlay Central Data Process, Contr Expend 3,108 B16802 B16804 1,877 2,747 TOTAL Central Data Process 3,108 i� 4,624 Administration -Contractual 2,365 B17104 0 )TOTAL Administration -Contractual 2,365 Unallocated Insurance, Contr Expend 7,368 819104 6,533 TOTAL Unallocated Insurance 7,368 _ _ ^_ i _6,533 TOTAL General Government Support _ 83,311 _ 51,676 Playgr & Rec Centers, Pers Sery 90,260 B71401 0 Playgr & Rec Centers, Equip & Cap Outlay 22,803 B71402 0 Playgr & Rec Centers, Contr Expend 26,620 B71404 0 TOTAL Playgr & Rec Centers 139,683 Social Security, Empl Bnfts TOTAL Culture And Recreation 139,683 22,349 Zoning, Pers Sery 115,309 B80101 114,061 Zoning, Equip & Cap Outlay 4,275 B80102 Zoning, Contr Expend 880104 5,454 TOTAL Zoning ` 119,584 _ 119,515 Planning, Pers Sery 195,959 B80201 183,121 Planning, Contr Expend 19,424 B80204 42,378 TOTAL Planning 215,383 _ 225,499 TOTAL Home And Community Services 334,967 _ 345,014 State Retirement, Empl Bnfts 494 B90108 621 Social Security, Empl Bnfts 30,362 890308 22,349 Worker's Compensation, Empl Bnfts 5,788 890408 2,523 Disability Insurance, Empl Bnfts 621 B90558 252 Hospital & Medical (dental) Ins, Empl Bnft 60,852 B90608 43,715 TOTAL Employee Benefits 98,117 69,460 TOTAL Expenditures 656,078 __- 466,150 Transfers, Other Funds Transfers, Capital Projects Fund 26,000 B99019 82,902 B99509 1,275 0 TOTAL Operating Transfers 108,902 1,275 TOTAL Other Uses 108,902 1,275 TOS TAL Detail Expenditures And Other Uses 764,980 467,425 Page 15 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (B) GENERAL TOWN -OUTSIDE VG Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 1 310,679 B8021 368,071 Restated Fund Equity - Beg of Year 310,679 B8022 368,071 ADD - REVENUES AND OTHER SOURCES 822,372 495,940 - , DEDUCT - EXPENDITURES AND OTHER USES 764,980 467,425 Fund Equity - End of Year 368,071 B8029 396,586 Page 16 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (B) GENERAL TOWN -OUTSIDE VG Budget Summary ode Description EdpCodeI Original 2000' Modified 2000 Difference Adopted 2001 Estimated Revenues And Other Sources Est Rev - Real Property Taxes B1049B 0 0 0 Est Rev - Real Property Tax Items B1099B 290,932 290,932 0 Est Rev - Non Property Tax Items B1 199B 0 0 0 Est Rev - Departmental Income B1299B 36,000 38,219 2,219 EsT. ReV. - Intergovernmental Charges B2399B 0 0 0 Est Rev - Use of Money And Property B2499B 3,000 3,000 0 Est Rev - Licenses And Permits B2599B 0 0 0 Est Rev - Fines And Forfeitures B2649B 0 0 0 Est Rev - Sale of Prop And Comp For Loss B2699B 10,000 10,000 0 Est Rev -Miscellaneous Local Sources B2799B 0 0 0 Est Rev-Interfund Revenues B2801 0 0 0 Est Rev -State Aid B3099B 68,000 68,000 0 Est Rev - Federal Aid B4099B 0 0 0 ITOTAL Estimated Revenues _ 407,932 M 410,151 2,219 =00 Estimated - Interfund Transfers B5031 0 0 0 Appropriated Reserve B511 B 0 0 0 Estimated - Proceeds of Obligations B5799B 0 0 0 Appropriated Fund Balance B599B 104,340 57,274 -47,066 r0_TAL Estimated Other Sources _ 104,340 57,274 -47,066 0 rOTAL Estimated Revenues And Other Sources 512,272 467,425 _ 44,847 Y` 0 Page 17 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (B) GENERAL TOWN -OUTSIDE VG Budget Summary "deDescription?? ' ± .;' EdpCode Origiria12000 E Modified 2000 Difference`„ Ad6pted=2001% Appropriations And Other Uses App - General Government Support B1999B 62,272 51,676 10,596 App - Public Safety B3999B 0 0 0 App - Health B4999B 0 0 0 App - Transportation B5999B 0 0 0 App -Economic Assistance And Opportunity B6999B 0 0 0 App - Culture And Recreation B7999B 0 0 0 App - Home And Community Services B8999B 356,000 345,014 10,986 App - Employee Benefits B9199B 94,000 69,460 24,540 App - Debt Service B9899B 0 0 0 TOTAL Appropriations _ 512,272 466,150 46,122 0 Other Budgetary Purposes B962B 0 0 0 App - Interfund Transfer B9999B 0 1,275 -1,275 rOTAL Other Uses 0 1,275 _-1,275 0 TOTAL Appropriations And Other Uses 512,272 467,425 44,847 0 Page 18 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (CS) RISK RETENTION Balance Sheet Assets Cash Time Deposits 59,427 CS201 0 TO ALT Cash 59,427 0 (TOTAL Assets 59,427 0 Page 19 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (CS) RISK RETENTION Balance Sheet Liabilities And Fund Equity °�,wEdpCode ;4 ; 2000. ', ,4r Accounts Payable 311 CS600 0 TOTAL Accounts Payable 311 0 Accrued Liabilities 3,750 CS601 0 jTOTAL Accrued Liabilities 3,750 0, TOi TAL Liabilities 4,061 Oj Insurance Reserve 50,391 CS863 0 TOTAL Special Reserves 50,391 Oi ApP. Ensuing Yrs Budget 4,975 CS910 0 Page 20 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (CS) RISK RETENTION Results of Operation gDescnption < . �,, r r= ,,{ . n` �s { 1999 ,y: EdpCode 2000 Detail Revenues And Other Sources Interest & Earnings 2,578 CS2401 0 TOS TAL Use of Money And Property 2,578 TOTAL Revenues 2,578 0 Interfund Transfers 14,000 CS5031 0 TOTAL Interfund Transfers 14,000 — _ j TOTAL Other Sources 14,000 0 TOTAL Detail Revenues And Other Sources 16,578 ^�0� Page 21 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (CS) RISK RETENTION Results of Operation Detail Expenditures And Other Uses Hospital, Medical, & Dental Ins 5,306 CS90608 TOTAL Employee Benefits 5,306 0 TOTAL Expenditures 5,306 0 Transfers, Other Funds CS99019 55,366 TOTAL Operating Transfers 0 55,366 TOTAL Other Uses 0 55,366 TOTAL Detail Expenditures And Other Uses 5,306 55,366 Page 22 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (CS) RISK RETENTION Changes in Fund Equity odeaDescription ��,��,x*, y, �^ ": 1999 ` Ed Code 2000 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 44,094 CS8021 55,366 Restated Fund Equity - Beg of Year 44,094 CS8022 55,366 ADD - REVENUES AND OTHER SOURCES 16,578 0 DEDUCT - EXPENDITURES AND OTHER USES 5,306 55,366 Fund Equity- End of Year 55,366 CS8029 0 Page 23 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (DB) HIGHWAY -PART -TOWN Balance Sheet Page 24 OSC Municipality Code 500342300000 2000.: Assets Cash In Time Deposits 534,426 DB201 628,554 Petty Cash 200 DB210 200 TOTAL Cash 534,626 628,754 Accounts Receivable 29,791 DB380 1,132 TOTAL Other Receivables (net) 29,791 1,132 State & Federal Receivables DB410 51,266 TOTAL State And Federal Aid Receivables 0 51,266 Due From Other Governments 137,971 DB440 175,329 TOTAL Due From Other Governments 137,971 175,329 Prepaid Expenses 6,993 D6480 0 TOTAL Prepaid Expenses 6,993 Cash Special Reserves DB230 692 TOTAL Restricted Assets 0 692 !TOTAL Assets 709,381 857,173 Page 24 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (DB) HIGHWAY -PART -TOWN Balance Sheet Liabilities And Fund Equity Accrued Liabilities 19,805 DB601 17,322 TOTAL Accrued Liabilities 19,805 17,322 TOTAL Liabilities � � 79,805 17,322 Reserve For Encumbrances 100,438 DB821 0 TOTAL Reserve For Encumbrances 100,438 0 Capital Reserve DB878 692 TOTAL Special Reserves 0 692 Unreserved Fund Balance Appropriated 99,900 DB910 136,837 ITOTAL Unreserved Fund Balance - Appropriated 99,900 136,837 Unreserved Fund Balance Unappropriated 489,238 DB911 702,322 Page 25 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (DB) HIGHWAY -PART -TOWN Results of Operation O de'Description <w 1999 .. EdpGode 2000 Detail Revenues And Other Sources Sales Tax (from County) 1,185,900 DB1120 1,363,329 TOTAL Non Property Tax Items 1,185,900 _ 1,363,329 Transportation Services, Other Govts 85,758 DB2300 560 DOTAL Intergovernmental Charges _ 85,758 560 Interest And Earnings 13,299 DB2401 26,072 TOTAL Use of Money And Property 13,299 26,072 Sales of Equipment Insurance Recoveries 29,257 20,084 DB2665 DB2680 28,071 28,666 TOTAL Sale of Property And Compensation For Loss 49,341 56,737 Unclassified (specify) 3,755 DB2770 1,551 TOTAL Miscellaneous Local Sources 3,755 1,551 St Aid, Consolidated Highway Aid 51,291 DB3501 102,532 TOTAL State Aid 51,291 102,532 TOS TAL Revenues M 1,389,344 1,550,78 Interfund Transfers 20,937 DB5031 692 TOTAL Interfund Transfers 20,937 692 TOTA Sources 20,937 692 TOTAL Detail Revenues And Other Sources 1,410,281 1,551,473 Page 26 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (DB) HIGHWAY -PART -TOWN Results of Operation odeDescnption -."' h` 1999 EdpCode " 2000' ' Detail Expenditures And Other Uses Administration -Contractual 150 DB17104 716 LOTAL Administration -Contractual 150 DB90558 - 716 Unallocated Insurance, Contr Expend 14,717 DB19104 14,302 TLOTAL Unallocated Insurance _ r - 14,717 14,302 LOTAL General Government Support 14,867 15,018 Maint of Streets, Pers Sery Maint of Streets, Contr Expend 215,986 88,152 DB51101 DB51104 209,767 111,609 TOTAL Maint of Streets 304,138 321,376 Improvements, Pers Sery Perm Improve Highway, Contr Expend 89,711 251,853 DB51121 DB51124 96,562 246,412 TOTAL Penn Improve Highway 341,564 342,974 Machinery, Pers Sery Machinery, Equip & Cap Outlay Machinery, Contr Expend 46,304 77,099 60,448 DB51301 DB51302 DB51304 41,125 255,023 80,994 TOTAL Machinery- 183,851 377,142 Brush And Weeds, Pers Sery Brush And Weeds, Contr Expend 35,595 11,326 DB51401 DB51404 37,633 17,580 TOTAL Brush And Weeds ~� 46,921 55,213 Snow Removal, Pers Sery Snow Removal, Contr Expend 69,200 61,959 DB51421 DB51424 74,059 64,768 TOTAL Snow Removal 131,159- 138,827 TOTAL Transportation 1,007,633 1,235,532 State Retirement, Empl Bnfts 5,484 DB90108 6,124 Social Security, Empl Bnfts Worker's Compensation, Empl Bnfts Unemployment Insurance, Empl Bnfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnft - 34,856 DB90308 34,998 24,477 DB90408 24,401 DB90508 968 769 DB90558 434 69,866 DB90608 83,723 TOTAL Employee Benefits 135,452 150,648 TOTAL Expenditures 1,157,952 1,401,198 Transfers, Other Funds 1,000 DB99019 0 Transfers, Capital Projects Fund 84,908 DB99509 OTAL Operating Transfers R 85,908 ^ ^-T01 T OTAIL Other Uses 85,908 T-OTAL Detail Expenditures And Other Uses 1,243,860 1,401,198 Page 27 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (DB) HIGHWAY -PART -TOWN Changes in Fund Equity otle Description `" �W � x _ 1999 a`k EdpCode „ :2000 v r,; ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 523,155 DB8021 689,576 Restated Fund Equity - Beg of Year 523,155 DB8022 689,576 ADD - REVENUES AND OTHER SOURCES 1,410,281 1,551,473 DEDUCT - EXPENDITURES AND OTHER USES 1,243,860 1,401,198 Fund Equity - End of Year 689,576 DB8029 839,851 Page 28 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (DB) HIGHWAY -PART -TOWN Budget Summary 06doUescription EdpCode Original 2000 11 Modified 2000 Difference 11 Adopted 2001, Estimated Revenues And Other Sources Est Rev - Real Property Taxes DB1049B 0 0 0 Est Rev - Real Property Tax Items DB1099B 0 0 0 Est Rev - Non Property Tax Items DB1199B 1,188,000 1,188,000 0 Est Rev - Departmental Income DB1299B 0 0 0 EsT. ReV. - Intergovernmental Charges DB2399B 8,100 16,102 8,002 Est Rev - Use of Money And Property DB2499B 6,000 6,000 0 Est Rev - Licenses And Permits DB2599B 0 0 0 Est Rev - Fines And Forfeitures DB2649B 0 0 0 Est Rev - Sale of Prop And Comp For Loss DB2699B 15,000 28,398 13,398 Est Rev- Miscellaneous Local Sources DB2799B 0 1,900 1,900 Est Rev - Interfund Revenues DB2801 B 10,000 0 -10,000 Est Rev - State Aid DB3099B 50,000 53,995 3,995 Est Rev - Federal Aid DB4099B 0 0 0 TOI TAIL Estimated Revenues _ 1,277,100 1,294,395 _ 17,295 Estimated - Interfund Transfer DB5031 B 0 692 692 Appropriated DB511 B 0 0 0 Estimated - Proceeds of Obligations DB5799B 0 0 0 Appropriated Fund Balance DB599B 99,900 102,302 2,402 TOTAL Estimated Other Sources _ _ 99,900 _ _ _102,994 3,094 0� iTOTAIL Estimated Revenues And Other Sources _ _ N�1,377,000 -1,397,389 V 20,389 Page 29 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (DB) HIGHWAY -PART -TOWN Budget Summary O e Description ; s EdpCode Orig nal 2000 Modified 2000,,:;,Il Difference Adopted 2001 Appropriations And Other Uses App -Transportation DB5999B 1,187,700 1,246,741 -59,041 App - Home And Community Services DB8999B 0 0 0 App - Employee Benefits DB9199B 189,300 150,648 38,652 App - Debt Service DB9899B 0 0 0 NOTAL Appropriations 1,377,000 1,397,389 -20,389_ Other Budgetary Purposes DB962B 0 0 0 Interfund Transfers DB9999B 0 0 0 TOS TAL Other Uses _ _ 0 0 0 0 TOTAL ftPropriations And Other Uses 1,377,000 1,397,389 -20,389 VI Page 30 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (FX) WATER Balance Sheet e„Descripfion, A.� f �?� , r , ;: , ' awl �, , ?d..=' ,,.. 1999. *� ;,. EdpCode'r 2000 3 Assets Cash In Time Deposits 388,468 FX201 490,358 TOTAL Cash 388,468 490,358 Water Rents Receivable Accounts Receivable 60,832 70 FX350 FX380 150,276 455 I TAI Other Receivables (net) 60,902 150,731 Due From Other Governments 28,701 FX440 131,280 TOTAL Due From Other Governments 28,701 131,280 Prepaid Expenses 292 FX480 250 TOTAL Prepaid Expenses 292 250_ TOTAL Assets 478,363 772,619 Page 31 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (FX) WATER Balance Sheet >1999 EdpCode',;. ''M,2000 , Liabilities And Fund Equity Accounts Payable 59,696 FX600 72,469 TOTAL Accounts Payable 59,696 72,469 Accrued Liabilities 5,338 FX601 17,244 iTOTAL Accrued Liabilities 5,338 17,2 TOTAL Liabilities 65,034 89,7131, Unreserved Fund Balance Appropriated -16,600 FX910 25,173 TOTAL Unreserved Fund Balance - Appropriated -16,600 25,17* Unreserved Fund Balance Unappropriated 429,929 FX911 657,733 Page 32 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (FX) WATER Results of Operation r-odo�, ,., , . EdpCode, 2000 ,` . Detail Revenues And Other Sources Special Assessments Ad Valorem 392,874 FX1028 395,738 TOTAL Real Property Taxes 392,874 395,738 Metered Water Sales Water Service Charges Interest & Penalties On Water Rents Other Home & Community Services Income 1,465,133 191 9,480 18,723 FX2140 FX2144 FX2148 FX2189 1,463,817 2,975 11,365 0 TOTAL Departmental Income 1,493,527 1,478,157 Service For Other Govts 28,329 FX2378 0 101 TOTAL Intergovemmental Charges 28,329 Interest And Earnings 26,334 FX2401 26,416 TOTAL Use of Money And Property 26,334 26,416 Insurance Recoveries 537 FX2680 801 TOTAL Sale of Property And Compensation For Loss 537 801 Refunds of Prior Year's Expenditures FX2701 130,440 TOTAL Miscellaneous Local Sources 0 130,440 TOTAL Revenues 1,941,601 2,031,552 Interfund Transfers 1,508 FX5031 3,553 TOTAL Interfund Transfers 1,508 3,553 TOTAL Other Sources 1,508 3,553 TOTAL Detail Revenues And Other Sources 1,943,109 2,035,105 Page 33 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (FX) WATER Results of Operation Social Security, Empl Bnfts Workers Compensation, Empl Bnfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnft 4,890 ,1999 EdpCode '2000 Detail Expenditures And Other Uses Credit Card Fees FX90408 FX13754 50 TOTAL Credit Card Fees y Law, Contr Expend «_ _ _ 0 973 FX14204 3,975 TOTAL Law `! _ 973 3,9751 Central Print & Mail, Contr Expend FX16704 2,997 TOTAL Central Print & Mail 0 2,997 Central Data Process & Cap Outlay Central Data Process, Contr Expend FX16802 FX16804 2,322 1,218 TOTAL Central Data Process 0 3,540 Administration -Contractual FX17104 3,000 TOTAL Administration -Contractual 0 3,000 Unallocated Insurance, Contr Expend FX19104 5,622 TOTAL Unallocated Insurance 0 _ 5,622 [TOTAL General Government Support 973 19,134 Water Administration, Pers Sery Water Administration, Contr Expend 6,659 11,263 FX83101 FX83104 5,429 2,534 TOTAL Water Administration 17,922 7,963 Water Trans & Distrib, Pers Sery Water Trans & Distrib, Equip & Cap Outlay Water Trans & Distrib, Contr Expend 56,777 15,500 188,283 FX83401 FX83402 FX83404 57,648 108,753 107,967 TOI TAL Water Trans & Distrib 260,560 274,368 Common Water Supply, Contr Expend 1,095,865 FX83504 1,010,831 TOTAL Common Water Supply 1,095,865 1,010,831 TOTAL Home And Community Services 1,374,347 1,293,162 State Retirement, Empl Bnfts ^� 6 FX90108 83 Social Security, Empl Bnfts Workers Compensation, Empl Bnfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnft 4,890 FX90308 4,842 1,494 FX90408 1,379 50 FX90558 28 2,958 FX90608 3,496 OTAL Employee Benefits 9,398 9,828 TOTAL Expenditures 1,384,718 1,322,124 Transfers, Other Funds Transfers, Capital Projects Fund TOS TAL Operating Transfers VP Ti OTAL Other Uses _ TOTAL Detail Expenditures And Other Uses 457,045 FX99019 441,132 341,163 FX99509 2,272 798,208 443,404 2,182,926 _ 1,765,528, Page 34 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (FX) WATER Changes in Fund Equity ode: Descnptiog '. �te'�e"�� � •µ=,' �_., s� :,� ' .'• � �. ' �; ; • . x 1999,. . ' ; EdpCode s : 2000 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 653,146 FX8021 413,329 Restated Fund Equity - Beg of Year 653,146 FX8022 413,329 ADD - REVENUES AND OTHER SOURCES 1,943,109 2,035,105 DEDUCT - EXPENDITURES AND OTHER USES 2,182,926 1,765,528 Fund Equity - End of Year 413,329 FX8029 682,906 Page 35 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (FX) WATER Budget Summary erDescn _tionil � ti: , .,'': P ems* .' .. Ed Code: rt"Original2000: P /Modified 2000.,"11,Difference :-' 'Adopted 20011 Estimated Revenues And Other Sources Est Rev - Real Property Taxes FX1049B 0 0 0 Est Rev - Real Property Tax Items FX1099B 395,132 395,738 606 Est Rev - Departmental Income FX1299B 1,272,000 1,276,366 4,366 Est Rev -Intergovernmental Charges FX2399B 2,000 2,000 0 Est Rev - Use of Money And Property FX2499B 22,000 22,000 0 Licenses And Permits FX2599B 0 0 0 Est Rev - Sale of Prop And Comp For Loss FX2699B 0 801 801 Est Rev -Miscellaneous Local Sources FX2799B 0 0 0 Est Rev - Interfund Revenues FX2801 B 0 0 0 Est Rev - State Aid FX3099B 0 0 0 Est Rev - Federal Aid FX4099B 0 0 0 (TOTAL Estimated Revenues 1,691,132 1,696,905 5,773 0 Estimated - Interfund Transfer FX5031 B 0 3,553 3,553 Appropriated Reserve FX511 B 0 Estimated - Proceeds of Obligations FX5799B 0 0 0 Appropriated Fund Balance FX599B -16,600 63,071 79,671 TOTAL Estimated Other Sources -16,600 66,624 83,224 01 TOTAL Estimated Revenues And Other Sources 1,674,532 1,763,529 88,997 0 Page 36 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (FX) WATER Budget Summary r–ode Description EdpCode' Original 2000 11 Modified 2000 ' Difference Adopted 2001 Appropriations And Other Uses App - General Government Support FX1999B 25,250 19,134 6,116 App -Home And Community Services FX8999B 1,190,600 1,291,163 -100,563 App - Employee Benefits FX9199B 8,450 9,828 -1,378 App - Debt Service FX9899B 0 0 0 LOTA Appropriations i� 1,224,300 1,320,125 -95,825__ — 0 Other Budgetary Purposes FX962B 0 0 0 App - Interfund Transfer FX9999B 450,232 443,404 6,828 Other Uses And Other Uses v 1,674,532 1,763,529 Page 37 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (G) SEWER Balance Sheet tide�Descnption�f�',,�+.� r r . xaa� 1999. EdPCodex s.r"2000nx? Assets Cash In Time Deposits 1,789,044 G201 2,338,675 TOTAL Cash 1,789,044 2,338,675 Sewer Rents Receivable 64,146 G360 164,877 TOTAL Other Receivables (net) 64,146 — 164,877 Prepaid Expenses 291 G480 243 TOTAL Prepaid Expenses 291 243 I TOTAL Assets 1,853,481 2,503,795 Page 38 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (G) SEWER Balance Sheet Liabilities And Fund Equity Accounts Payable 775 G600 923 ATOTALccounts Payable 775 923 Accrued Liabilities 1,070 G601 46,991 TOTAL Accrued Liabilities 1,070 46_,997 TOTAL Liabilities 1,845 47,914, Unreserved Fund Balance Unappropriated 1,851,636 G911 2,455,881 Page 39 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (G) SEWER Results of Operation oie�Descnption '�• ��..Y.'1�`��,�?N.< .,,�,r� tgf'i..'��`.��`�..,.}:,�°;,�},�'.���.=1999���'"`� •'EdpGode� :;:t'�>2000. ;� Detail Revenues And Other Sources Special Assessments 513,965 G1030 517,299 TOTAL Real Property Taxes ' 513,965 517,299 Sewer Rents Interest & Penalties On Sewer Accts 1,272,023 5,607 G2120 G2128 1,342,650 7,334 TOTAL Departmental Income 1,277,630 1,349,984 Interest And Earnings 70,772 G2401 116,439 TOTAL Use of Money And Property 70,772 116,439 Insurance Recoveries 537 G2680 763 TOTAL Sale of Property And Compensation For Loss 537 763 TOTAL Revenues 1,862,904 1,984,485 TOTAL Detail Revenues And Other Sources 1,862,904 1,984,485 Page 40 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (G) SEWER Results of Operation ...n # .. , � ' � . = . .", ;; 4 s, 1999 , ;; �;; 'EdpCode = ;:2000 Detail Expenditures And Other Uses G90308 2,916 1,263 Sewer Administration, Pers Sery 5,952 G81101 5,162 Sewer Administration, Contr Expend 8,506 G81104 22,878 TOTAL Sewer Administration 14,458 28,040 Sanitary Sewers, Pers Sery 24,794 G81201 32,844 Sanitary Sewers, Equip & Cap Outlay 15,500 G81202 10,465 Sanitary Sewers, Contr Expend 342,641 G81204 338,290 TOTAL Sanitary Sewers 382,935 381,599 Joint Sewer Project, Contr Expend 400,756 G81504 419,850 TOTAL Joint Sewer Project 400,756 419,8501 And Community State Retirement, Empl Bnfts Social Security, Empl Bnfts Worker's Compensation, Empl Bnfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnft 6 G90108 83 2,351 G90308 2,916 1,263 G90408 1,317 50 G90558 28 2,958 G90608 3,495 TOTAL Employee Benefits 6,628 7,839 TOTAL Expenditures 804,777 837,328 Transfers, Other Funds 576,523 G99019 542,912 TOTAL Operating Transfers 576,523 542,912 TOTAL Other Uses 576,523 542,912 TOTAL Detail Expenditures And Other Uses 1,381,300 1,380,240 Page 41 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document ' For the Fiscal Year Ending 2000 f (G) SEWER Changes in Fund Equity ,,.. ..�. } # f 1999 ; EdpCode 2000 .. .F e Description '�`= � :.�" � �� �.�'� t����• ,�: ; <t ' ANALYSIS OF CHANGES IN FUND EQUITY ' Fund Equity- Beginning of Year 1,370,032 G8021 1,851,636 Restated Fund Equity - Beg of Year 1,370,032 G8022 1,851,636 ADD - REVENUES AND OTHER SOURCES 1,862,904 1,984,485 DEDUCT - EXPENDITURES AND OTHER USES 1,381,300 1,380,240 Fund Equity - End of Year 1,851,636 G8029 2,455,881 Page 42 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document ' For the Fiscal Year Ending 2000 (G) SEWER Budget Summary ode Description ;t; ? r `;r EdpCode- Original'2000 I Modified 2000. Difference J1 Adopted 2001 ' Estimated Revenues And Other Sources Est Rev - Real Property Taxes G1049B 516,520 517,299 779 Est Rev - Real Property Tax Items G1099B 0 0 0 Est Rev- Departmental Income G1299B 1,206,829 1,343,686 136,857 ' Est Rev -Intergovernmental Charges G2399B 0 1,830 1,830 Est Rev - Use of Money And Property G2499B 30,000 30,000 0 ' Licenses And Permits G2599B 0 0 0 Est Rev - Sale of Prop And Comp For Loss G2699B 0 763 763 Est Rev -Miscellaneous Local Sources G2799B 0 0 0 ' Est Rev - Interfund Revenues G2801 B 0 0 0 Est Rev - State Aid G3099B 0 0 0 Est Rev - Federal Aid G4099B 0 0 0 (TOTAL Estimated Revenues 1,753,349 1,893,578 140,229 0 Estimated - Interfund Transfer G5031 B 0 0 0 ( Appropriated G511 B 0 0 0 Estimated - Proceeds of Obligations G5799B 0 0 0 ' Appropriated Fund Balance G599B -362,637 -513,338 -150,701 (TOTAL Estimated Other Sources -362,637 -513,338 -150,701 0 iTOTAL Estimated Revenues And Other Sources 1,390,712 1,380,240 -10,472 -� Page 43 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (G) SEWER Budget Summary �: �, w . _, 6!,Descnptibn '4* M��'w,,?^�a���� `=- EdpCode" .Origirial2000%; �Modified'2000 �� . 'Difference..=> Adopt662001rel �. 6 Appropriations And Other Uses App - General Government Support G1999B 28,750 22,190 6,560 App - Home And Community Services G8999B 810,250 807,298 2,952 App - Employee Benefits G9199B 9,700 7,840 1,860 App - Debt Service G9899B 0 0 0 TOTAL Appropriations 848,700 837,328 11,372 0 Other Budgetary Purposes G962B 0 App - Interfund Transfer G9999B 542,012 542,912 -900 TOTAL Other Uses 542,012 542,912 -900 0 TOTAL Avorooriations And Other Uses 1,390,712 1,380,240 10,472 0 Page 44 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 ' (H) CAPITAL PROJECTS Balance Sheet odexDescription >, ;�. .ti .a, �w , `t: x „- 1999 r EcipCode 4`2000 ' Assets ' Cash In Time Deposits 1,699,565 H2O1 191,030 TOTAL Cash 1,699,565 191,030 Cash Special Reserves 356,211 H230 0 ' TOTAL Restricted Assets 356,211 0 NOTAL Assets 2,055,776 191,030 ' Page 45 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (H) CAPITAL PROJECTS Balance Sheet Liabilities And Fund Equity Accounts Payable H600 1,902 NOTAL Accounts Payable p 0 7,902; Retained Percentages, Cont Pay 16,782 H605 0 TOTAL Retained Percentages 16,782 Oj iT0TALiabilities 16,782 1,90 Capital Reserve 356,211 H878 0 (TOTAL Special Reserves 356,211 Oi Unreserved Fund Balance Unappropriated 1,682,783 H911 189,128 Page 46 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (H) CAPITAL PROJECTS Results of Operation ;:1999 <„,,EdpCode,, 20000,h,,. Detail Revenues And Other Sources Interest And Earnings 112,972 H2401 54,273 Ti OTAL Use of Money And Property 112,972 54,273 Unclassified (specify) 13,220 H2770 5,983 TOTAL Miscellaneous Local Sources 13,220 5,983 DOTAL Revenues 126,192 60,256 Interfund Transfers 628,182 H5031 308,632 TOTAL Interfund Transfers 628,182 308,632 TOTAL Other Sources 628,182 308,632 TOTAL Detail Revenues And Other Sources 754,374 368,888 Page 47 OSC Municipality Code 500342300000 C TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (H) CAPITAL PROJECTS ' Results of Operation odeDescnption +�_ � ar . "' 1999 EdpCode `° 2000 ' Detaii Expenditures And Other Uses Engineer, Equip & Cap Outlay 101,422 H14402 1,804,802 ' [TOTAL Engineer 101,422 1,804,802 TOTAL General Government Support _ 101,422 1,804,802 ' Misc Home & Comm Serv, Equip & Cap Outlay 485,160 H89892 18,793 TOTAL Misc Home & Comm Sery 485,160 18,793 ' TOTAL Home And Community Services 485,160 18,793 T OTAL Expenditures 586,582 1,823,595 Transfers, Other Funds ' Transfers, Capital Projects Fund 13,422 H99019 86,997 H99509 395,159 0 TOTAL Operating Transfers 100,419 395,159 [TOTAL Other Uses 100,419 395,159 TOTAL Detail Expenditures And Other Uses 687,001 _ 2,218,754 Page 48 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (H) CAPITAL PROJECTS Changes in Fund Equity ode"Desch tion "< W'°+,"i:wMWe 1999 ;•,' Ed Code 2000 . , n, ' ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity- Beginning of Year '- 1,971,621 H8021 2,038,994 Restated Fund Equity- Beg of Year 1,971,621 H8022 2,038,994 ADD - REVENUES AND OTHER SOURCES 754,374 368,888 DEDUCT - EXPENDITURES AND OTHER USES 687,001 2,218,754 Fund Equity- End of Year 2,038,994 H8029 189,128 Page 49 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (K) GENERAL FIXED ASSETS Balance Sheet odelDescripUon� c r� v 1999 EdpCode;� ;2000 Assets Land 133,368 K101 133,368 Buildings 448,406 K102 448,406 Improvements Other Than Buildings 258,467 K103 547,518 Machinery & Equipment 2,308,581 K104 2,685,315 Construction Work In Progress 365,529 K105 1,820,964 TOTAL Fixed Assets (net) 3,514,351 5,635,571 ITOTAL Assets 3,514,351 5,635,571 Page 50 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (K) GENERAL FIXED ASSETS Balance Sheet Ode:; D6s6ri tions � $` " . ', EdpCo2000' SFr .p. Liabilities And Fund Equity Invest General Fxd Assets -Current App 663,695 K152 2,012,335 Invest General Fxd Assets -Gifts K153 2,500 Invest General Fxd Assets -Other 2,850,656 K158 3,620,736 Page 51 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (SF) FIRE PROTECTION Balance Sheet Assets Cash In Time Deposits 18,031 SF201 73,651 TOTAL Cash 18,031 73;651 TOTAL Assets 18,031 73,651 Page 52 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (SF) FIRE PROTECTION Balance Sheet ode`999,12,"',"EdpCode<` , 2000 ''. Liabilities And Fund Equity Accounts Payable SF600 1,035 TI OTAL Accounts Payable _ 0 11035 IOTLiabilities 0 1.035 Unreserved Fund Balance Unappropriated 18,031 SF911 72,616 Page 53 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (SF) FIRE PROTECTION Results of Operation e�Description v � ,�3 h '�. �,.. _:�. A ?w x 1999". EcfpCode 4; . 2000` Detail Revenues And Other Sources Real Property Taxes 1,919,027 SF1001 1,922,875 TOTAL Real Property Taxes 1,919,027 1,922,875 Other Payments In Lieu of Taxes 8,076 SF1081 8,406 TOTAL Real Property Tax Items 8,076 8,406 Sales Tax (from County) 14,000 SF1120 0 TOTAL Non Property Tax Items 14,000 0 Other Public Safety Departmental Income SF1589 10,414 TOTAL Departmental Income 0 10,414 Interest And Earnings 33,494 SF2401 40,017 TOTAL Use of Money And Property 33,494 40,017 TOTAL Revenues 1,974,597 1,981,712 TOTAL Detail Revenues And Other Sources 1,974,597 1,981,712 Page 54 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (SF) FIRE PROTECTION Results of Operation o'd'e`Desciption ,, 1999%,EdpCode 2000 Detail Expenditures And Other Uses Fire Protection, Contr Expend 1,968,643 SF34104 1,927,127 TOTAL Fire Protection 1,968,643 1,927,127 TOTAL Public Safety 1,968,643 1,927,127 TOTAL Expenditures 1,968,643 1,927,127 LOTAL Detail Expenditures And Other Uses v 1,968,643 1,927,127 Page 55 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (SF) FIRE PROTECTION Changes in Fund Equity a ©escxiption 1999. EdpCoiiej} r `2000 .. _.., ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year 12,077 SF8021 18,031 12,077 SF8022 18,031 1,974,597 1,981,712 1,968,643 1,927,127 18,031 SF8029 72,616 Page 56 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (SL) LIGHTING Balance Sheet ode Description �� 'A�a R°:1999 EdpCode, ;,2000 - ,?4S.k. � '� �. '� xY ,,. ,� art A Assets Cash In Time Deposits 2,356 SL201 6,635 TOTAL Cash 2,356 6,635 TOTAL Assets 2,356 6,635 Page 57 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (SL) LIGHTING Balance Sheet =oiieDescnptioriNKn1999 r`EdpCode x`2000 Liabilities And Fund Equity Accounts Payable SL600 181 NOTAL Accounts Payable 0 181 TOTAL Liabilities 01 181 Unreserved Fund Balance Appropriated 135 SL910 892 TOTAL Unreserved Fund Balance - Appropriated 136 892 Unreserved Fund Balance Unappropriated 2,221 SL911 5,562 Page 58 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (SL) LIGHTING Results of Operation gDescngtion ��<at �r�� ?T X :.19991 ,'EdpCode `'".: 2000 Detail Revenues And Other Sources Real Property Taxes 16,200 SL1001 17,215 TOTAL Real Property Taxes 16,200 17,215 Interest And Earnings 244 SL2401 342 TOTAL Use of Money And Property 244 342 TOTAL Revenues 16,444 17,557 TOTAL Detail Revenues And Other Sources 16,444 17,557 Page 59 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (SL) LIGHTING Results of Operation 2060k',�' Detail Expenditures And Other Uses Street Lighting, Contr Expend 14,642 SL51824 13,459 TOTAL Street Lighting 14,642 13,459 TOTAL Transportation 14,642 13,459 TOTAL Expenditures 14,642 13,459 TOTAL Detail Expenditures And Other Uses 14,642 13,459 Page 60 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (SL) LIGHTING Changes in Fund Equity odeDescnptioniF6iW"T , .r a rr J 1999, EcJ Code;. e;2000 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year 554 SL8021 2,356 554 SL8022 2,356 16,444 17,557 14,642 13,459 2,356 SL8029 6,454 Page 61 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (TA) AGENCY Balance Sheet .:3`'' 1999' .. 200Qt Qde Descn' tion Y.,. eek `' nEclp'Code.t+ r�,. Assets Cash 39,039 TA200 53,398 TOTAL Cash 39,039 53,398 TOTAL Assets 39,039 53,398 Page 62 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (TA) AGENCY Balance Sheet m.... .199 9 �,,,:,,,. E dpCodes: ' ,,; 2000 ' Liabilities And Fund Equity Consolidated Payroll 5 TA10 13 Disability Insurance 542 TA19 477 Group Insurance 8,035 TA20 5,035 Guaranty & Bid Deposits 6,650 TA30 2,250 Bail Deposits 20,697 TA35 14,471 Other Funds (specify) 3,110 TA85 31,152 Page 63 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (V) DEBT SERVICE Balance Sheet .., 1999 BEd Code>'n2 _ode%Descnption__ :� a p., 000 Assets Cash In Time Deposits 7,189 V201 7,197 TOTAL Cash 7,189 7,197 TOTAL Assets 7,189 7,197 Page 64 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (V) DEBT SERVICE Balance Sheet ode",'Descripfie d'�bY1 ur 4"" a ;1999;°'+ EdpCode n ;"a2000*k.a Liabilities And Fund Equity Fund Balance -Reserved For Bonded Debt 5,390 V884 5,497 iTOTAL Special Reserves 5,390 5,497 Unreserved Fund Balance Appropriated 1,799 V910 1,700 Page 65 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (V) DEBT SERVICE Results of Operation Detail Revenues And Other Sources Interest And Earnings 1,611 V2401 2,115 TOTAL Use of MoneyAnd Property 1,611 2,115 TOTAL Revenues 1,611 2,115 Interfund Transfers 911,758 V5031 896,314 TOTAL Interfund Transfers 911,758 896,314 TOTAL Other Sources 911,758 896,314 TOTAL Detail Revenues And Other Sources 913,369 898,429 Page 66 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (V) DEBT SERVICE Results of Operation Detail Expenditures And Other Uses Fiscal Agents Fees, Contr Expend 1,803 V13804 2,107 TOTAL Fiscal Agents Fees 1,803 2,107 TOI TAL General Government Support 1,803 2,107 Debt Principal, Serial Bonds 523,340 V97106 543,340 L OTAL Debt Principal 523,340 543,340 Debt Interest, Serial Bonds 388,573 V97107 352,974 TOTAL Debt Interest 388,573 352,974 TOTAL Expenditures 913,716 898,421 TOTAL Detail Expenditures And Other Uses 913,716 898,421 Page 67 OSC Municipality Code 500342300000 (V) DEBT SERVICE Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 7,536 V8021 7,189 7,536 V8022 7,189 913,369 898,429 913,716 898,421 7,189 V8029 7,197 Page 68 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (W) GENERAL LONG-TERM DEBT Balance Sheet ode°Description ��t +,;:r; s_..'�„+_ 1999 EdpCode 2000 Assets Amts To Be Prov For Long -Term 5,405,694 W125 4,856,699 TOTAL Provision To Be Made In Future Budgets 5,405,694 4,856,699 TOTAL Assets 5,405,694 4,856,699 Page 69 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2000 (W) GENERAL LONG-TERM DEBT Balance Sheet Liabilities And Fund Equity Compensated Absences 76,498 W687 71,699 NOTAL Other Liabilities 76,498 71,6991 Bonds Payable 5,329,196 W628 4,785,000 Page 70 OSC Municipality Code 500342300000 TOWN OF Ithaca Financial Comments For the Fiscal Year Ending 2000 Page 71 TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2000 dVater and Other Purposes Exempt From Constitutional Debt Limit 1-3ond No. 2000000001 EDPCODE Amount _Month and Year of Issue 3/1/197 'urpose of Issue & Sewer Improvement .urrent Interest Rate .0600 Outstanding Beginning of Year P18671 20,00 ssued During the Fiscal Year (do not include renewals here) ,Paid During the Fiscal Year P18673 (do not include renewals here) 2P18675 5,00 outstanding End of the Fiscal Year 2P18677 15,00 'aminal Maturity Date 3/1/2003 3ond No. 2000000003 EDPCODE Amount Month and Year of Issue 9/1/1989 Purpose of Issue Public Improvement -urrent Interest Rate .073 Outstanding Beginning of Year 2P18671 1,310,00 'issued During the Fiscal Year (do not include renewals here) 2PI8673 Paid During the Fiscal Year (do not include renewals here) 2P18675 140,00 ,Outstanding End of the Fiscal Year 2P18677 1,170,00 :incl Maturity Date 3/1/2008 'Bond No. 2000000004 EDPCODE Amount Month and Year of Issue 7/15/1991 Purpose of Issue Public Improvement 'Current Interest Rate .06625 ,Outstanding Beginning of Year 2P18671 2,925,000 Issued During the Fiscal Year (do not include renewals here) 2P18673 raid During the Fiscal Year (do not include renewals here) 2P18675 225,00 Outstanding End of the Fiscal Year 2P18677 2,700,000 'Final Maturity Date 7/15/2011 1 Page 72 OSC Municipality Code 500342300000 TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2000 Water and Other Purposes Exempt From Constitutional Debt Limit Bond No. 2000000002 EDPCODEJ Amount ,Month and Year of Issue 5/15/198 Purpose of Issue Public Improvement 'Current Interest Rate .068 Outstanding Beginning of Year 618671 1,050,00 Issued During the Fiscal Year (do not include renewals here) P18673 Paid During the Fiscal Year (do not include renewals here) 2P18675 150,000 Outstanding End of the Fiscal Year 2PI8677 900,00 'Final Maturity Date 5/1/2006 Total Bond Amount Outstanding Beginning of Year 5,305,000 !Issued During Fiscal Year 0 Paid During Fiscal Year 520,000 Outstanding End of Year 4,785,000 Page 73 OSC Municipality Code 500342300000 TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2000 Indebtedness Not Exempt From Constitutional Debt Limit State or Authority Loan No. 2000000006 Month and Year of Issue Purpose of Issue EDPCODE Amount 1/17/199 Zebra Mussell Current Interest Rate .060 Outstanding Beginning of Year 2P18791 7,78 Issued During the Fiscal Year (do not include renewals here) 2P18793 Paid During the Fiscal Year (do not include renewals here) 2PI8795 7,78 Outstanding End of the Fiscal Year 2P18797 Final Maturity Date 6/1/200 State or Authority Loan No. 2000000007 EDPCODE Amount Month and Year of Issue 1/13/1993 Purpose of Issue Zebra Mussell Current Interest Rate .0600 Outstanding Beginning of Year 2P18791 7,78 Issued During the Fiscal Year (do not include renewals here) 2P18793 Paid During the Fiscal Year (do not include renewals here) 2P18795 7,780 Outstanding End of the Fiscal Year 2P18797 0 Final Maturity Date 6/1/200 Page 74 OSC Municipality Code 500342300000 TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2000 Indebtedness Not Exempt From Constitutional Debt Limit State or Authority Loan No. 2000000005 EDPCODE Amount ,Month and Year of Issue 12/30/1991 Purpose of Issue Zebra Mussell current Interest Rate .0600 Outstanding Beginning of Year 2P18791 7,780 Issued During the Fiscal Year (do not include renewals here) 2P18793 Paid During the Fiscal Year (do not include renewals here) 2P18795 7,78 Outstanding End of the Fiscal Year 2P18797 0 'Final Maturity Date 6/1/2000 Total State or Authority Loan Amount Outstanding Beginning of Year 23,340 ,Issued During Fiscal Year 0 Paid During Fiscal Year 23,340 Outstanding End of Year Total of All Indebtedness Includes Total of Bonds and Notes - Exempt and Not Exempt Total State or Authority Loan Amount Outstanding Beginning of Year 5,328,340 Issued During Fiscal Year 0 Paid During Fiscal Year 543,340 Outstanding End of Year 4,785,000 Page 75 OSC Municipality Code 500342300000 TOWN OF Ithaca Maturity Schedule For the Fiscal Year Ending 2000 Page 76 TOWN OF Ithaca Schedule of Securities for Collateralization For the Fiscal Year Ending 2000 General Municipal Law, Section 10 as amended by chapter 708 Laws of 1992 lists the types of securities which may be pledged for collateralization. Please click in the response box next to the type(s) of securities used by banks as collateral for your deposits. Yes 1. Obligations issued by the United States of 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 International Bank for Reconstruction and Development, the Inter -American Development Bank, the Asian Development Bank and the African Development 3. Obligations partially insured or fully guaranteed by 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 Yes 4. Obligations issued or fully insured or 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 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 three highest rating categories by at least one nationally recognized statistical rating organization. 7. Obligations of counties, cities, and other 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 one of the two highest rating categories by at least one nationally recognized statistical rating organization. 9. Any mortgage related securities, as defined in 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 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 United States government marketed as "Treasury Strips". 12. Letters of Credit. 13. Surety bonds. Page 77 OSC Municipality Code 500342300000 TOWN OF Ithaca Schedule of Time Deposits and Investments For the Fiscal Year Ending 2000 OTHER THAN RESERVE FUNDS EDP Code Amount I CASH: I On Hand 9Z2001 $0.00 I Demand Deposits 9Z2011 $0.00 Time Deposits 9Z2021 $2,087,227.00 Total $2,087,227.00 1 COLLATERAL: 1 - FDIC Insurance 9Z2014 $200,000.00 - Securities Located: (1) In Possession of Municipality 9Z2014A I (2) Held By Third Party Custodial Bank 9Z2014B $2,628,656.00 1 (3) Held By Trading Counter Partner 9Z2014C INVESTMENTS: - Securities (450) Book Value (cost) 9Z4501 $3,496,000.00 Market Value at Balance Sheet Date 9Z4502 $3,496,000.00 - Securities Located: (1) In Posession of Municipality 9Z4504A (2) Held by Third Party Custodial Bank 9Z4504B $4,599,836.00 (3) Held by Trading Counter Partner 9Z4504C 1 - Repurchase Agreements (451) Book Value (cost) 9Z4511 Market Value at Balance Sheet Date 9Z4512 - Securities Located: (1) In Possession of Municipality 9Z4514A 1 (2) Held by Third Party Custodial Bank 9Z4514B (3) Held by Trading Counter Partner 9Z4514C Page 78 OSC Municipality Code 500342300000 TOWN OF Ithaca Schedule of Time Deposits and Investments For the Fiscal Year Ending 2000 'RESERVE FUNDS EDP Code Amount CASH (All Reserve Funds): On Hand 9Z2301 Demand Deposits 9Z2311 Time Deposits 9Z2321 Total $0.00 COLLATERAL: - FDIC Insurance 9Z2324 - Securities Located: (1) In Possession of Municipality 9Z2324A (2) Held By Third Party Custodial Bank 9Z2324B (3) Held By Trading Counter Partner 9Z2324C INVESTMENTS: - Securities (450) Book Value (cost) 9Z4521 Market Value at Balance Sheet Date 9Z4522 - Securities Located: (1) In Posession 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) In Possession of Municipality 9Z4534A (2) Held by Third Party Custodial Bank 9Z4534B (3) Held by Trading Counter Partner 9Z4534C i Page 79 OSC Municipality Code 500342300000 TOWN OF Ithaca Investment Certification For the Fiscal Year Ending 2000 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 of financial institution and promises ro repay the cash plus interest in exchange for the same securities or different securities. RFRPONRF 1) Has your Local Government adopted an investment policy as Yes required by General Municipal Law, Section 39? 2) The following investments are permitted by your investment policy. * Obligations of the UNITED STATES * Obligations of the U.S. Government Agencies, guaranteed by the UNITED STATES Government * Obligations of the STATE of NEW YORK * Obligations of other NEW YORK STATE Local Governments " Other Yes 3) Do you engage in reverse repurchase agreements? No 4) Are Repurchase Agreements authorized by your investment Yes policy? Name: Title: Phone Number: Alfred F. Carvill Budget Officer (607) 273-1721 Page 80 DSC Municipality Code 500342300000 TOWN OF Ithaca Bank Reconciliation For the Fiscal Year Ending 2000 Include All Checking, Savings and C.D. Accounts Bank Add: Less: Adjusted Account Bank Deposit Outstanding Bank Number Balance In Transit Checks Balance cd# 3453561 $112,400 $0 $0 $112,400 cd# 3453634 $109,500 $0 $0 $109,500 cd# 3453626 $22,600 $0 $0 $22,600 cd# 3453103 $250,000 $0 $0 $250,000 cd# 3453111 $250,000 $0 $0 $250,000 cd# 3453626 $50,000 $0 $0 $50,000 cd# 3453162 $380,000 $0 $0 $380,000 cd# 3453138 $400,000 $0 $0 $400,000 cd# 3453146 $600,000 $0 $0 $600,000 cd# 3453154 $1,000,000 $0 $0 $1,000,000 cd# 3453219 $124,000 $0 $0 $124,000 dc# 3453626 $65,000 $0 $0 $65,000 cd# 3453189 $47,500 $0 $0 $47,500 cd# 3453189 $73,500 $0 $0 $73,500 12-201-002604 $963,927 $0 $0 $963,927 17-201-002604 $23,654 $0 $0 $23,654 29-201-002604 $86 $0 $0 $86 36-201-002604 $50,057 $0 $0 $50,057 30-201-002604 $40,060 $0 $0 $40,060 8700358172 $2,500 $0 $0 $2,500 20-201-002604 $379,070 $0 $0 $379,070 16-201-002604 $9,498 $0 $0 $9,498 21-201-002604 $128,554 $0 $0 $128,554 22-201-002604 $692 $0 $0 $692 23-201-002604 $60,358 $0 $0 $60,358 24-201-002604 $338,675 $0 $0 $338,675 14-201-002604 $1,380 $0 $0 $1,380 32-201-002604 $522 $0 $0 $522 35-201-002604 $128 $0 $0 $128 11-201-002604 $20,187 $0 $0 $20,187 Page 81 OSC Municipality Code 500342300000 TOWN OF Ithaca Bank Reconciliation For the Fiscal Year Ending 2000 Include All Checking, Savings and C.D. Accounts Bank Add: Less: Adjusted Account Bank Deposit Outstanding Bank Number Balance In Transit Checks Balance 26-201-002604 $151 $0 $0 $151 27-201-002604 $6,635 $0 $0 $6,635 18-201-002604 $14,471 $0 $0 $14,471 03-201-002604 $18,038 $0 $0 $18,038 25-201-002604 $7,197 $0 $0 $7,197 01-101-148038 $313,149 $0 $313,149 $0 14-101-180306 $10,204 $0 $0 $10,204 05-201-02604 $10,885 $0 $0 $10,885 Total Adjusted Bank Balance $5,571,429 Betty Cash $300.00 Adjustments $.00 Total Cash 9ZCASH $5,571,729 Total Cash Balance All Funds 9ZCASHB $5,571,729 * Must be equal Page 82 OSC Municipality Code 500342300000 TOWN OF Ithaca Local Government Questionnaire For the Fiscal Year Ending 2000 1) Does your municipality have a written procurement policy? 2) Have the financial statements for your municipality been independently audited? If not, are you planning on having an audit conducted? 3) Does your local government participate in an insurance pool with other local governments? 4) Does your local government participate in an investment pool with other local governments? 5) Does your municipality have a Length of Service Award Program (LOSAP) for volunteer firefighters? 6) Does your municipality have a Capital Plan? 7) Has your municipality prepared and documented a risk assessment plan? 8) If yes, has your municipality used the results to design the system of internal controls? Have you had a change in chief executive or chief fiscal officer during the last year? 9) Does your municipality have access to the internet? Does your municipality have an official E-mail address? If yes, what is it? Does the chief fiscal officer have a separate E-mail address? If yes, what is it? Do you have a web site? If yes, what is the official address of the web site for your municipality? Response Yes Yes No No No No Yes No Yes No Yac cvalentino@town.ithaca.ny.us YPc www.town.ithaca.nv.us Page 83 OSC Municipality Code 500342300000 TOWN OF Ithaca Supplemental Section Comments For the Fiscal Year Ending 2000 Page 84 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 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 Town Law governs the Town of Ithaca, created in 1821, 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. The Town Board provides street lighting in nine separate "lighting districts" within the Town. Each district is funded by way of a tax on the real property situated within each district. The Town provides for intersection street lighting from the General Fund appropriations. The Town Board via the Ithaca Fire Protection District provides fire protection for the northeast area of the Town outside the Village of Cayuse Heights. 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, a paid fire department and the volunteer fire department of 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 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, 2000 Excluded from the Reporting Entity 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: 1. 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 Town's Governmental Fund Types: - General Fund Townwide: Accounts for revenues (i.e., general tax and other from state, federal, and local sources) and expenditures which are not required by the law or other provisions to be accounted for in other funds and which finance the basic governmental functions provided by the Town at Large. PAGE 2 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 - General Fund Town Outside: Accounts for those transactions, which are required to be, charge on the area of the Town outside the Village of Cayuga Heights. - Special Revenue Funds: These Funds are utilized to account for revenues derived from specific sources, which are required by local law or regulatory State, or Federal mandates. Special Revenue Funds include the following: Highway Fund: This Fund accounts for revenues and expenditures for part -town (outside of the Village of Cayuga Heights) highway purposes. Water Fund: This is a fund established by State Statutes 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: This fund is also established by State Statutes to account for revenues derived from sewer rents and benefited assessments and used for related operating expenses and debt retirement. Lighting District Fund: This type of fund accounts for the operation and maintenance transactions of those areas within the Town where electric streetlights are provided. Revenues are derived directly from real property assessed values of those residents or other real property owners located within the special lighting district. Fire Protection District Fund: Used to record transactions involving the Town Fire Protection District and those contracts for fire protection with the City of Ithaca and the Village of Cayuga Heights. - Debt Service Fund: The Debt Service Fund accounts for interest earned on proceeds of borrowing for water and sewer capital projects. Such interest earnings (should they occur) is transferred to the Debt Service Fund from the respective Capital Projects Fund. Annual principal and interest payments due on serial bonds are transferred from the Water and Sewer Funds to the Debt Service Fund. Payments to the paying agent(s) are made directly from the Debt Service Fund to the respective paying agents. - Capital Projects Fund: Capital Project Funds are when accounting for capital improvements financed from current monies transferred from reserved and unreserved funds, federal, and state grants and proceeds of obligations (i.e. Bond Anticipation Notes or Serial Bonds). b. Fiduciary Funds — A municipality uses the Trust and Agency Fund to account for assets held by the local government in a trustee or custodial capacity. (i.e. net payroll and related payroll taxes or withholdings) - 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, 2000 2. Account Groups Account Groups — Accounts for control and accountability of the Town's General Fixed Assets and General Long -Term Debt. The two account groups are not "funds". Historically, these groups have been concerned only with the measurement of financial position, and not with the results of operations. With the release of GASB 34 these groups will provide greater fiscal detail regarding the future replacement of equipment and infrastructures complaint to GAAP Principals governing depreciation coupled with Capital Improvement Planning and Budgeting. - General Fixed Assets Account Group: This group accounts for land, buildings, improvements other than buildings, machinery & equipment, and construction in progress. These assets are usually for general government services. General Long -Term Debt Account Group: This group of accounts is established to account for all long-term debt and other financing obligations of the Town. Long -Term indebtedness includes obligations such as statutory installment bongs, serial bonds and bond anticipation notes. Other obligations include unbilled retirement liabilities, and any vested or accumulated employee benefits (i.e.vacation) to be provided for in future budgets. C. Basis of Accounting/Measurement 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, and when goods or services have been received but not billed by the provider or vendor. PAGE 4 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 b. Principal and interest on indebtedness are not recognized as expenditure until due. C. Compensated absences, such as vacation and sick leave which vests or accumulates, are charged as expenditure when paid. See Note 1-J. d. Pension costs are recognized as expenditure when billed by the State. See Note 2-B-1. - 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. For the year ending December 31, 2000, NO provision exists for the accounting and reserving of depreciation. 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-term 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. PAGE 5 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 C. The Town Board must approve all budget amendments and modifications. However, the Town Supervisor and Town Budget Officer are authorized to transfer certain budgeted amounts within departments and between revenues and appropriated expenditures when closing the year-end budgetary and accounting records. d. Appropriations lapse at year-end. 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 current years budgeted 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 Group. 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. Currently NO depreciation has been provided on general fixed assets. G. Receivables Receivables are stated (accrued) at the gross amount due to and to be collected by the Town. Amounts due from state and federal governments represents amounts owed to the Town. Receivables represent reimbursements for expenditures incurred pursuant to state and federally funded programs. Other PAGE 6 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 receivables represent amounts owed to the Town including water and sewer charges, interest, and nominal charges for government services. H. Investments Investments are stated at cost, which approximates market. 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 (earn) 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 (earn) 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 apply any unused sick leave to pay for individual post employment health insurance benefits and potentially add accumulated sick time to be credited to their service time in the NYS Retirement System. Accrued vacation and accumulated 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 $4,799 during the year to $71,699 and is reported in the GLTDAG. K. Post Employment 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. HEALTH INSURANCE CARRIERS Blue Cross/Blue Shield of Central New York - HMOCNY Univera Health Care PAGE 7 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 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. Effective, January 1, 1998, all amounts of compensation deferred under the Plan, all property and rights purchased with the amounts, and all income attributable to these amounts are the sole the property and rights of the employer, subject only to the claims of the employee. As required, the Town Supervisor is the Chairman and Trustee of the Town's Deferred Compensation Committee. Note 2 Detail Notes on All Funds and Account Groups A. Assets 1. Cash and Investments State statutes govern the Town of Ithaca's investment policy. In addition, the Town of Ithaca has its own written investment policy. Town of Ithaca 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 New York State and that underlying securities must be obligations of the federal government. Underlying securities must have a market value of equal to the cost of the repurchase agreement, thus insuring the invested principal cash value of the REPO. 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 at, or near their maturity. PAGE 8 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 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. 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. Deposits: Total financial institution (bank) balances at December 31, 2000 totaled $5,507,640. These deposits were fully collateralized by securities with a fair market value at December 31, 2000 of $7,228,492 or 131%. 2. Changes in Fixed Assets A summary of changes in general fixed assets as follows: DESCRIPTION Land Buildings Improvements Other Than Bldg. Furniture and Furnishings Network/Computer Machinery & Equip Infrastructures Const in Progress Total BALANCE ADDITIONS DELETIONS 1/1/00 $ 133,368 $ 0 $ 0 $ 448,406 0 0 0 258,467 0 0 0 158,766 0 0 83,190 0 2,308,581 317,443 23,900 BALANCE 12/31/00 133,368 448,406 258,467 158,766 83,190 2,602,124 0 365,529 130,285 1,455,436 0 0 130,286 1,820,964 $ 3,514,351 $ 2,145,120 $ 23,900 $ 5,635,571 3. Other Receivables The Town had the following receivables at December 31, 2000: Fund Description Amount Special Revenue: Water Rents & Special Assessments $ 150,276 Sewer Rents & Special Assessments 164,877 Total Special Revenue 315 153 PAGE 9 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 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 Retirement and Social Security Law (NYSRSSL). As set forth in the NYSRSSL, the Comptroller of the State of New York (Comptroller) serves as sole trustee and administrative head of the Systems. The Comptroller shall adopt and may amend rules and regulations for the 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, made by employers to the pension accumulation fund. Chapter 126 (Laws of 2000) adds Article 19 "Benefit Enhancements" of the New York State and Local Employees' Retirement System. An eligible Tier III or IV member with ten (10) or more years of membership or ten (10) of credited service, will NOT be required to contribute to the Retirement System. Effective in 2000 the Town adopted Section 41j of the Retirement System. This allows a retiring municipal employee to add service credit by using accumulated sick time. 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 2000 $ 9,692 1998 $ 19,881 1997 $ 14,355 Town contributions made to the Systems were equal to 100% 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, 1988 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 2000 fiscal year was $0. PAGE 10 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 2. Short -Term Debt Liabilities for bond anticipation notes (BANs) are generally accounted for in the Capital Projects Fund. The notes or renewal 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 BANs issued for capital purposes be converted to long-term obligations within five years after the original issue date. However, BANs 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. As of December 31, 2000, NO (-0-) BANs were outstanding. 3. Long -Term Debt a. At December 31, 2000, the total principal indebtedness outstanding of the Town of Ithaca aggregated $4,785,000. Of this amount, $0 was subject to the Town's constitutional debt limit and represented zero percent (0%) 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 paid for by both 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 0 e. Other Long -Term Debt - In addition to the above long-term debt the Town of Ithaca had the following noncurrent liability: * Compensated Absences: represents the value of earned and unused portion of the liability for compensated absences. Summary Long -Term Debt - The following is a summary of Long -Term liabilities outstanding at December 31, 2000 by fund type and account group: Liabili Serial Bonds Compensated Absences Total Outstanding Debt Account Group $ 4,785,000 71,699 4.856 ,699 The following is a summary of changes in Long -Term liabilities for the period ended December 31, 2000: PAGE 11 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 Due Employee Compensated Retirement Absences $ 0 $ 76,498 0 0 0 4,799 $ 0 —1-11 .69 9 Installment Bond $ 24,196 0 24.196 E, 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, 2000 amounted to $352,974. Unpaid Bond Interest on outstanding indebtedness at December 31, 2000 is $1,687,033. 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, 2000. (See Exhibit D.) C. Reconciliation of Interfund Activities Interfund receivables and payables at December 31, 2000 were as follows: FUND DUE FROM DUE TO INTERFUND INTERFUND REVENUE EXPENSE General Townwide $ Serial 0 $ Bonds Bal 1/l/00 $ 5,305,000 Additions 0 Deletions 520,000 Bal 12/31/00 4,785,000 Due Employee Compensated Retirement Absences $ 0 $ 76,498 0 0 0 4,799 $ 0 —1-11 .69 9 Installment Bond $ 24,196 0 24.196 E, 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, 2000 amounted to $352,974. Unpaid Bond Interest on outstanding indebtedness at December 31, 2000 is $1,687,033. 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, 2000. (See Exhibit D.) C. Reconciliation of Interfund Activities Interfund receivables and payables at December 31, 2000 were as follows: FUND DUE FROM DUE TO INTERFUND INTERFUND REVENUE EXPENSE General Townwide $ 0 $ 0 $ 260,925 $ 32,000 General Part -Town 0 0 0 1,275 Highway 0 0 692 0 Water 0 0 3,553 443,404 Sewer 0 0 0 542,912 Capital Projects 0 0 308,632 395,159 Risk Retention 0 0 0 55,366 Debt service 0 0 896,314 0 TOTAL $ 0 $ 0 $ 1,470,116 1,470,116 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 2000 was $22,686. This Reserve Fund was designated by Board Resolution No. 171 of October 2, 1997. Interest earnings also increase the Reserve Fund for the year. PAGE 12 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 b. The General Townwide Fund equity includes reserve funds established for future the purpose of park development and the purchasing of development rights as outlined in the Town's Open Space Plan. The balance at the end of 2000 was $109,686 and $ 39,875, respectively. This Reserve Fund was designated by Board Resolution No. 170 of October 2, 1997. Interest earnings and additional funding for the year also increase the Reserve Fund. C. The Highway Equipment equity includes reserve funds established for highway machinery. The balance at the end of 2000 was $692. This Reserve Fund was designated by Board Resolution No. 193 of November 8, 1984. The reserve is funded by any unexpended equipment appropriations for machinery at year-end. The Reserve Fund is also increased by interest earned for the year. d. The General Townwide Fund equity includes reserve funds for future construction of a highway building. The building will house road equipment, vehicle maintenance & repair bays and administrative offices. The balance at the end of year is $50,057. This Reserve Fund was designated by Board Resolution No. 169 of November 9, 2000. Interest earnings also increase the Reserve Fund for the year and potentially additional cash from unreserved fund balance 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 are 41 percent of the total. PAGE 13 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 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. At some time in the future monies will come from the Sewer Fund. PAGE 14 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 PAGE 15 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS EXHIBIT A, B, C DECEMBER 31, 2000 ISSUE DESCRIPTION ISSUE ISSUE INTEREST MATURITY OUTSTANDING DATE AMOUNT RATE 12/31/00 WATER & SEWER IMPROVEMENT / 1976 (13% WATER - 87% SEWER) 3/1/77 $1,967,000 6.00% 3/1/03 $ 15,000 SNYDER HILL ROAD 3/1/77 $ 158,000 6.00% 3/1/03 $ 15,000 PUBLIC IMPROVEMENT/ 1986 ( 19% WATER - 81% SEWER) 5/15/87 $ 2,830,000 6.80% 5/1/06 $ 90,000 WATER IMPROVEMENT/ 1984 5/15/87 $ 550,000 6.80% 5/15/06 $ 180,000 WASTE WATER TREATMENT PLANT 5/15/87 $ 2,100,000 6.80% 5/15/06 $ 660,000 SEWER IMPROVEMENT PORTION 5/15/87 $ 180,000 6.80% 5/15/06 $ 60,000 PUBLIC IMPROVEMENT/ 1989 ( 49% WATER - 51% SEWER) 9/1/89 $ 2,580,000 7.30% 3/1/08 $ 1,170,000 WATER IMP / 1ST SERIES 1987 9/1/89 $ 479,000 7.30% 3/1/08 $ 209,320 WATER IMP / 2ND SERIES 1987 9/1/89 $ 500,000 7.30% 3/1/08 $ 225,000 OLD STH HILL WATER / 1ST AUTH 9/1/89 $ 143,982 7.30% 3/1/08 $ 60,624 OLD STH HILL WATER / 2ND AUTH 9/1/89 $ 112,018 7.30% 3/1/08 $ 47,256 CODDINGTOIN RD SEWER 9/1/89 $ 11,000 7.30% 3/1/08 $ 4,800 SEWER IMP / 1ST SERIES 1987 9/1/89 $ 384,000 7.30% 3/1/08 $ 186,000 SEWER IMP / 2ND SERIES 1987 9/1/89 $ 950,000 7.30% 3/1/08 $ 437,000 PAGE 15 TOWN OF ITHACA TOTAL PRINCIPAL DEBT OUTSTANDING @ 12/31/00 PAGE 16 $ 4,785,000 NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 ISSUE DESCRIPTION ISSUE ISSUE INTEREST MATURITY OUTSTANDING DATE AMOUNT RATE 12/31/00 PUBLIC IMPROVEMENT BOND / 1991 ( 52% WATER - 48% SEWER) 7/15/91 $ 4,465,000 6.625% 7/15/11 $ 2,700,000 TOWN WATER BENEFITTED AREA 7/15/91 $ 2,337,000 6.625% 7/15/11 $ 1,296,000 TWN OF ITHACA WTR BENEFITTED 7/15/91 $ 2,128,000 6.625% 7/15/11 $ 1,404,000 TOTAL PRINCIPAL DEBT OUTSTANDING @ 12/31/00 PAGE 16 $ 4,785,000 + 4 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 EXHIBIT A, B, C (continued) DECEMBER 31, 2000 SUMMARY OF DEBT RESPONSIBILITY BY FUND ISSUE OUTSTANDING ALLOCATED 12/31/00 WATER WATER & SEWER IMPROVEMENT / 1976 $ 15,000 $ 1,950 $ ( 13% WATER - 87% SEWER ) PUBLIC IMPROVEMENT/ 1986 ( 19% WATER - 81 % SEWER ) PUBLIC IMPROVEMENT / 1989 ( 49% WATER - 51 % SEWER) PUBLIC IMPROVEMENT BOND / 1991 ( 52% WATER - 48% SEWER) DEBT SEWER 13,050 $ 900,000 $ 171,000 $ 729,000 $ 1,170,000 $ 573,300 $ 596,700 $ 2,700,000 $ 1,296,000 $ 1,404,000 TOTAL LONG TERM DEBT $ 4,785,000 $ 2,042,250 $ 2,742,750 PAGE 17 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2000 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS EXHIBIT D DECEMBER 31, 2000 SUMMARY OF FUTURE DEBT REQUIREMENTS ISSUE DESCRIPTION 2001 1 2002 1 2003 1 2004 1 2005 2006 - 2011 PRIN INT I PRIN INT I PRIN INT I PRIN INT I PRIN INT PRIN INT WATER & SEWER $ 5,000 $ 1,050 $ 5,000 $ 750 $ 5,000 $ 0$ 0 $ 0 $ 0 $ 0 $ 0 $ 0 IMPROVEMENT / 1976 PUBLIC IMPROVEMENT/ 150,000 66,300 150,000 56,100 150,000 45,900 150,000 25,500 150,000 20,400 150,000 5,100 1986 PUBLIC IMPROVEMENT / 140,000 90,520 140,000 80,300 140,000 70,080 140,000 49,275 150,000 38,325 450,000 49,275 1989 PUBLIC IMPROVEMENT 225,000 178,875 225,000 163,969 250,000 149,063 250,000 132,500 250,000 115,938 1,500,000 347,813 BOND / 1991 TOTAL LONG-TERM $ 520,000 $ 336,745 $ 520,000 $ 301,119 $ 545,000 $ 265,043 $ 540,000 $ 207,275 $ 550,000 $ 174,663 $ 2,100,000 $ 402,188 DEBT PAGE 18