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2001 Annual Report Submitted to the NYS Comptroller
All Numbers in This Report Have Been Rounded To The Nearest Dollar INRCM11 CC ANNUAL FINANCIAL REPORT UPDATE DOCUMENT For The . TOWN of Ithaca County of Tompkins For the Fiscal Year Ended 12/31/2001 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 2000 and has been used by the OSC as the basis for preparing this update document for the fiscal year ended 2001: (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 2000 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 2001 (A) GENERAL Balance Sheet =oce`De tri Assets Cash In Time Deposits 1,170,168 A201 869,686 Petty Cash 300 A210 300 �,...... Y y`� e�fl,R1 �COT1'=cash.w' x'69 i313� 4&8� gg' F %�, . , Accounts Receivable 0 A380 475 Receivabt net _ kX11 5' #'E3., State & Federal, Other 5"A . 68,780 A410 438,726 -tat ' R Y. 438;72f`. OTALa dt etisral ¢ ceiVable� x Due From Other Funds 0 A391 207,024 Fu Y; r e n 2070' Prepaid Expenses 10,076 A480 31,717 TO'I�F a 0 i Ipease � Cash, Special Reserves 222,303 A230 384,915 Page 3 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (A) GENERAL Balance Sheet Liabilities And Fund Equity Accounts Payable 7,745 A600 3,704 MAO RT4.3 7{14 XV Accrued Liabilities 51,092 A601 60,055 ;OTAL`x 10 � cia Res es��23 D, . .> Unreserved Fund Balance Appropriated 170,548 A910 361,691 r Unreserved Fund Balance Unappropriated 1,019,939 A911 1,122,478 Page 4 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (A) GENERAL Results of Operation �"`�'`"�'"�� x°"'�°.'"`,.`zG s"�,'""''c '�",; ,A, xat .� +" � � � "^ ;si ,.� '�y. ��':'. <.,�rr-'"`z�""i L^� r.�"'�- 'x�.. ;�• � .� � � ,��.qx�, t�r•3�K"" i<.�,:w.sa:.:sz..7�"u�.ois;xxv .�- � "'�` �s,7��:•c�.� �.za�,tit�;.2W:' Wai.�c:xw:ec�a...�..r�: �..� ..� ,x - Youth Recreation Services, Other Govts 50,557 A2350 20,273 Interest And Earnings 87,021 A2401 76,271 �-�"e^r^'� "� e. .3:.+s`"'�"��.�.r` z-. *P"'„�„-�. +.tm•^=. "�'a.�",:a'�'=vmu'""�"'"` ^.�""?#€s�, t ��.,, „g. 'x �a�� � ry-i,F.�.�sa��.v�' r ",•r'�. �,.�,�':�"`�.$�. u0�!�;' d`°^*`.:.��':� �'ta�E,..?v*°`� �u'"��,I,�+ru.�n.,, Bingo Licenses 684 A2540 468 Dog Licenses 2,000 A2544 1,958 COTAt. CG' a aAnct==�erm% tE s ... 126 ,.Roll6} Fines And Forfeited Bail 273,373 A2610 232,621 Sales of Equipment 5 A2665 310 Insurance Recoveries 6,130 A2680 8,203 Refunds of Prior Year's Expenditures 12,082 A2701 21,032 Unclassified (specify) 4,805 A2770 24,995 TOTALMiselaneausoca Ours@}'t �I; 8 '; 6,027 St Aid, Mortgage Tax 191,930 A3005 205,360 St Aid, Youth Programs 0 A3820 0 .5»,. "a`.L �,z2i.4 Interfund �'6anTc Transfers 260,925 A5031 279,247 OT"�ntBl tUrlQ E8 S8�� a e . 9;247 IM OT Othe µ9'"o rc@sf a ". Page 5 OSC Municipality Code 500342300000 Detail Revenues And Other Sources Real Property Taxes 907,636 A1001 926,807 Other Payments In Lieu of Taxes 4,095 A1081 4,504 Interest & Penalties On Real Prop Taxes 8,395 A1090 8,374 TOT . fEisa4 ,rap�rty ax Non Prop Tax Dist By County 521,060 A1120 729,030 Clerk Fees 2,486 A1255 2,670 Public Pound Charges, Dog Control Fees 7,281 A1550 7,099 Contributions, Private Agencies -Youth 39,875 A2070 10,444 Other Home & Community Services Income 18,979 A2189 22,268. �"`�'`"�'"�� x°"'�°.'"`,.`zG s"�,'""''c '�",; ,A, xat .� +" � � � "^ ;si ,.� '�y. ��':'. <.,�rr-'"`z�""i L^� r.�"'�- 'x�.. ;�• � .� � � ,��.qx�, t�r•3�K"" i<.�,:w.sa:.:sz..7�"u�.ois;xxv .�- � "'�` �s,7��:•c�.� �.za�,tit�;.2W:' Wai.�c:xw:ec�a...�..r�: �..� ..� ,x - Youth Recreation Services, Other Govts 50,557 A2350 20,273 Interest And Earnings 87,021 A2401 76,271 �-�"e^r^'� "� e. .3:.+s`"'�"��.�.r` z-. *P"'„�„-�. +.tm•^=. "�'a.�",:a'�'=vmu'""�"'"` ^.�""?#€s�, t ��.,, „g. 'x �a�� � ry-i,F.�.�sa��.v�' r ",•r'�. �,.�,�':�"`�.$�. u0�!�;' d`°^*`.:.��':� �'ta�E,..?v*°`� �u'"��,I,�+ru.�n.,, Bingo Licenses 684 A2540 468 Dog Licenses 2,000 A2544 1,958 COTAt. CG' a aAnct==�erm% tE s ... 126 ,.Roll6} Fines And Forfeited Bail 273,373 A2610 232,621 Sales of Equipment 5 A2665 310 Insurance Recoveries 6,130 A2680 8,203 Refunds of Prior Year's Expenditures 12,082 A2701 21,032 Unclassified (specify) 4,805 A2770 24,995 TOTALMiselaneausoca Ours@}'t �I; 8 '; 6,027 St Aid, Mortgage Tax 191,930 A3005 205,360 St Aid, Youth Programs 0 A3820 0 .5»,. "a`.L �,z2i.4 Interfund �'6anTc Transfers 260,925 A5031 279,247 OT"�ntBl tUrlQ E8 S8�� a e . 9;247 IM OT Othe µ9'"o rc@sf a ". Page 5 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (A)GENERAL Results of Operation Detail Expenditures And Other Uses Legislative Board, Pers Sery 48,375 A10101 31,368 Legislative Board, Contr Expend 0 1,760 A10104 2,585 2,474 EM A14304 Auditor, Contr Expend - l� 7,025 Municipal Court, Pers Sery 5,535 77,703 A11101 88,270 Municipal Court, Equip & Cap Outlay Engineer, Pers Sery 0 A11102 Tax Collection,pers Sery Municipal Court, Contr Expend 20,501 169,768 A11104 144,802 906400� M-11 TOT Mun it 5; Engineer, Contr Expend Supervisor,pers Sery A14404 30,600 A12201 44,112 Supervisor,equip & Cap Outlay 47 . A12202 Supervisor, contr Expend 0 1,354 A12204 2,474 7,230 A14304 Auditor, Contr Expend - l� 7,025 A13204 5,535 M W RW Engineer, Pers Sery 169,243 Tax Collection,pers Sery 172,906 20,501 A13301 15,057 Tax Collection,contr Expend Budget, Pers Sery Budget, Equip & Cap Outlay Budget, Contr Expend Clerk,pers Sery Clerk,contr Expend Law, Contr Expend Personnel, Pers Sery 5,090 A13304 3,631 68,402 A13401 85,887 199 A13402 0 2,019 A13404 2,211 76,636 A14101 64,398 5,171 A14104 5,534 20,093 A14204 68,403 48,364 A14301 60,853 Personnel,equip & Cap Outlay 0 A14302 0 Personnel, Contr Expend 7,230 A14304 9,624 - l� MIN-! Engineer, Pers Sery 169,243 A14401 172,906 Engineer, Equip & Cap Outlay 0 A14402 16,167 Engineer, Contr Expend 5,938 A14404 7,237 Elections, Contr Expend 15,409 A14504 12,115 I MOMeta, 79 A R Records Mgmt, PerS. SerV. 30,958 A14601 34,944 Records Mgmt, Equip & Cap Outlay Records Mgmt, Contr Expend Buildings, Pers Sery 26,099 A14602 0 3,632 A14604 19,571 14,689 A16201 31,973 Buildings, Equip & Cap Outlay 172,106 A16202 4,813 Buildings, Contr Expend 54,932 A16204 64,900 'PS R57 IR -5 11 , NO Central Comm System, Contr Expend 5,881 A16504 5,120 y n IConrrm Page 6 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (A)GENERAL Results of Operation Detail Expenditures And Other Uses Central Storeroom, Contr Expend 7,622 Al 6604 5,586 YOTAt� `e11. iciliSto C40n �ik w '2" MNI-M I Central Print & Mail, Equip & Cap Outlay 0 A16702 0 Central Print & Mail,contr Expend 10,969 A16704 6,979 F. ' !AARM ',_'W 979j L13507 '77 - - 6 A". Central Data Process & Cap Outlay 73,991 A16802 18,657 Central Data Process, Contr Expend 8,653 A16804 27,675 ,oc 'oc Unallocated Insurance, Contr Expend 11,874 A19104 17,328 Municipal Assn Dues, Contr Expend 1,933 A19204 .2,167. W-5 RW - U k. 7y Pur of Land/right of Way, Contr Expend 0 A19404 0 Taxes & Assess On Munic Prop, Contr Expend 5,014 A19504 21,128 Police, Pers Sery 9,283 A31201 11,978 Police, Contr Expend 0 A31204 74 Traffic Control, Contr Expen 240 A33104 5,229 Control of Animals, Contr Expend 22,179 A35104 22,1344 Street Admin, Pers Sery 79,240 A50101 . 86,940 Street Admin, Equip & Cap Outlay 199 A50102 0 Street Admin, Contr Expend 3,962 A50104 3,991 E11- B' Garage, Equip & Cap Outlay 3,031 A51322 2,945 Garage, Contr Expend 74,835 A51324 42,704 Street Lighting, Contr Expend Parks, Pers Sery Parks, Equip & Cap Outlay 36,428 A51824 33,301 70,079 A71101 .120,989 27,808 A71102 28,007 Parks, Contr Expend 25,219 A71104 45,245 VIEW FTM'" N'. 06 Z-194,2 Playgr & Rec Centers, Contr Expend 0 A71404 0 Joint Youth Prog, Contr Expend 247,456 A73204 263,252 % NO tw"' "M P.,.. Historian, Contr Expend 7,800 A75104 8,037 MR; �J�' ..f`uw Page 7 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (A) GENERAL Results of Operation Detail Expenditures And Other Uses Celebrations, Equip & Cap Outlay 2,956 A75502. 239 Misc Home & Comm Serv, Contr Expend 21,622 A89894 22,281 State Retirement System 1,585 A90108 24,174 Social Security, Employer Cont 56,239 A90308 64,143 Worker's Compensation, Empl Bnfts 7,733 A90408 9,660 Life Insurance, Empl Bnfts A90458 1,216 Unemployment Insurance, Empl Bnfts 603 A90508 1,080 Disability Insurance, Empl Bnfts 680 A90558 3,434 Hospital & Medical (dental) Ins, Empl Bnft 109,719 A90608 125,156 TO�.'""S"""r2'�=•-w- 2. tea, e -�it�. '�"'�'4. ��"�°;"�`3'*a-�c*�� 'fir 't?�.<� '"r�, ��`'y�'�'�ti.�, pl a lt? ,��#.i��'�{�,.�'�d,.�'a�' ��,:,��.�a;.�;*�-.:.„w..,� � a»�'✓Csa.59�� ti.:��:..:���`�'' Transfers, Other Funds 32,000 A99019 94,711 �,, A!"Deiarl`Expendityres Art x ° r, Q59; '725,640 Page 8 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (A) GENERAL Changes in Fund Equity - ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity -Beginning of Year 1,072,647 A8021 1,412,790 Restated Fund Equity - Beg of Year 1,072,647 A8022 1,412,790 ADD - REVENUES AND OTHER SOURCES 2,399,319 2,581,934 DEDUCT - EXPENDITURES AND OTHER USES 2,059,176 2,125,640 Fund Equity -End of Year 1,412,790 A8029 1,869,084 Page 9 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (A) GENERAL Budget Summary Page 10 OSC Municipality Code 500342300000 Estimated Revenues And Other Sources Est Rev - Real Property Taxes Al 049B 926,807 926,807 0 939,082 Est Rev - Real Property Tax Items A1099B 14,200 12,878 -1,322 12,200 Est Rev - Non Property Tax Items Al 199B 342,096 729,030 386,934 267,814 Est Rev - Departmental Income A1299B 31,000 32,036 1,036 31,000 Est Rev - Intergovernmental Charges A2399B 60,600 30,717 -29,883 63,129 Est Rev - Use of Money And Property A2499B 46,500 76,271 29,771 22,000 Est Rev - Licenses And Permits A2599B 2,750 2,426 -324 2,100 Est Rev - Fines And Forfeitures A2649B 180,000 232,621 52,621 200,000 Est Rev - Sale of Prop And Comp For Loss A269913 2,500 3,860 1,360 2,500 Est Rev - Miscellaneous Local Sources A2799B 0 46,028 46,028. 174,000 Est Rev - Interfund Revenues A2801 B 0 0 0 0 Est Rev - State Aid A3099B 185,000 205,360 20,360 0 Est Rev - Federal Aid A4099B 0 4,653 4,653 0 Estimated - Interfund Transfer A5031 137,180 279,247 142,067 171,998 Appropriated Reserve A511 B 0 0 0 0 Obligations Authorized A530B 0 0 0 0 Estimated - Proceeds of Obligations A5799B 0 0 0 0 Appropriated Fund Balance A599B 170,548 -456,294 -626,842 361,690 Page 10 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (A) GENERAL Budget Summary Appropriations And Other Uses App - General Government Support Al 999B 1,028,981 1,104,008 -75,027 1,144,125 App -Education A2999B 0 0 0 0 App - Public Safety A3999B 34,200 40,125 -5,925 44,620 App - Health A4999B 0 0 0 0 App - Transportation A5999B 271,000 169,882 101,118 293,200 App - Economic Assistance And Opportunity A6999B 0 0 0 0 App - Culture And Recreation A7999B 476,400 465,768 10,632 480,844 App - Home And Community Services A8999B 22,300 22,281 19 23,524 App - Employee Benefits A9199B 259,300 228,865 30,435 259,200 App - Debt Service A9899B 0 0 0 0 MUNI OTn roriations _ f 2,092; 81: 2,030929 apP p ' 245 M13' _ ,. s2 r;; ,i252 Other Budgetary Purposes A962B 0 0 0 App - Interfund Transfer A9999B 7,000 94,711 -87,711 2,000 Page 11 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For theFiscalYear Ending 2001 (B) GENERAL TOWN -OUTSIDE VG Balance Sheet €�+o cf � o •.;:�- ..- a�.. _+. ,. ._ _`Ge.:._ .,x .,.r xi.,., �": .�"a». e rb.N"' @ RK-7ear'" e' @���z.._1tes Assets Cash In Time Deposits 1 Accounts Receivable 351 B380 1,056 TOTALS O�herE2eceaC%es h���8 I µ s ,� r �r, `..b .�= Jazrai' vim,,' ...�'.,:.r..ar..,.�r.:°,,.: 'a; - ",,'. .E:. �- "''sw,,...-+..�.r ass,nWr Due From Other Funds 0 B391 0 Due From Other Governments 38,952 B440 0 TOTALF mIOt er Goveriin{ter t � _ � E 38,9521 . N0,; z �� 0' Prepaid Expenses 0 8480 7,379 Page 12 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (B) GENERAL TOWN -OUTSIDE VG Balance Sheet Liabilities And Fund Equity Accounts Payable 391 B640 721 A 10, Accrued Liabilities �Iwg, 'MrA 30,894 ;.0 B601 - Wil 39,752 OT ' AccruedtLiabtti es ate... a,-_ �210017111NHS Due To Other Funds 0 B630 0 Unreserved Fund Balance Appropriated 146,488 B910 155,140 .................. 'AFRIUMN PENN Unreserved Fund Balance Unappropriated 250,098 8911 200,341 Page 13 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (B}GENERAL TOWN -OUTSIDE VG Results of Operation Detail Revenues And Other Sources Sales Tax (from Countyy 302,884 81120 284,261 Franchises 38,770 B1170 47,583 Zoning Fees 43,777 g3110 56,028 Planning Board Fees 4,082 B2115 e/444 IWO Youth Recreation Services, Other Gmxa o B23e0 O mooamt And Earnings 17.681 a2*01 9.503 Insurance Recoveries 3.04e 82e80 0 Other CdMpensation For Loss 13,090 B2690 13,769 Refunds ofPrior Years Expenditures 511 a2701 W01601 -9441510M. UAN, OxAid State Revenue Sharing 73.096 B3001 74,405 Interfund Transfers B5031 720 Page 14 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (B) GENERAL TOWN -OUTSIDE VG Results of Operation Central Print & Mail, Contr Expend 2,999 B16704 2,244 TOTAL Cen ra Prin €& atl � E r t '�� �"" sem', M x. Central Data Process & Cap Outlay 1,877 B16802 0 Central Data Process, Contr Expend 2,747 B16804 4,987 Administration -Contractual 0 B17104 0 TOT d titi4stF.atio tytra M Unallocated Insurance, Contr Expend 6,533 B19104 11,035 Playgr & Rec Centers, Pers Sery Playgr & Rec Centers, Equip & Cap Outlay Playgr & Rec Centers, Contr Expend Zoning, Pers Sery 0 B71401 0 0 B71402 0 0 B71404 0 114,061 B80101 127,061 Zoning, Equip & Cap Outlay 0 B80102 Detail Expenditures And Other Uses Zoning, Contr Expend 5,454 B80104 Auditor, Contr Expend NXt ggg"" B13204 . 850 a &. Law, Contr Expend ice. 'acu`trvu.ERsi..' ' ."v�aaaYfi 35,136 B14204 35,026 TOTAi i� s � 5 02 Central Comm System, Contr Expend 2,384 B16504 3,182 Central Print & Mail, Contr Expend 2,999 B16704 2,244 TOTAL Cen ra Prin €& atl � E r t '�� �"" sem', M x. Central Data Process & Cap Outlay 1,877 B16802 0 Central Data Process, Contr Expend 2,747 B16804 4,987 Administration -Contractual 0 B17104 0 TOT d titi4stF.atio tytra M Unallocated Insurance, Contr Expend 6,533 B19104 11,035 Playgr & Rec Centers, Pers Sery Playgr & Rec Centers, Equip & Cap Outlay Playgr & Rec Centers, Contr Expend Zoning, Pers Sery 0 B71401 0 0 B71402 0 0 B71404 0 114,061 B80101 127,061 Zoning, Equip & Cap Outlay 0 B80102 19,061 Zoning, Contr Expend 5,454 B80104 5,473 NXt ggg"" I'S1M Planning, Pers Sery 183,121 B80201 194,975 Planning, Contr Expend 42,378 B80204 39,094 OFAE.a .,lanni4 gar � �� n211e 9 r� O ;"fiomeAnd Gomrin nl sSeryi es .n..<+ Y. 385 ter..r ,345;0! State Retirement, Empl Bnfts 621 B90108 1,776 Social Security, Empl Bnfts 22,349 B90308 . 24,584 Worker's Compensation, Empl Bnfts 2,523 B90408 2,829 Life Insurance, Empl Bnfts B90458 448 Disability Insurance, Empl Bnfts 252 B90558 1,370 Hospital & Medical (dental) Ins, Empl Bnft 43,715 B90608 43,003 ,OTEm o e'Bene r ,112 1 - 69� 60 7 �1Q: OT pe ditures `;,.� �o .a 46 1'SQ 56;988 Transfers, Other Funds 1,275 B99019 15,880 Transfers, Capital Projects Fund 0 B99509 y TO---- - •Operatr g Transfe _ jMill 7 88 Page 15 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (B) GENERAL TOWN -OUTSIDE VG Changes in Fund Equity -, Ie o D - o o g,. ti 4Sr,. ,w.'*� .t...�.ad#",3•_ '�...sh � .. � . ,sz :a.�'t� _ ?':.. ,xa�.�3.•?„ ANALYSIS OF 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 368,071 88021 396,586 368,071 B8022 396,586 495,940 491,773 467,425 532,878 396,586 B8029 355,481 Page 16 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (B) GENERAL TOWN -OUTSIDE VG Budget Summary dpG Estimated Revenues And Other Sources Est Rev - Real Property Taxes B1049B 0 0 0 0 Est Rev - Real Property Tax Items B1099B 0 0 0 0 Est Rev - Non Property Tax Items B1199B 322,261 331,844 9,583 327,013 Est Rev - Departmental Income B1299B 36,000 61,472 25,472 42,000 EsT. ReV. - Intergovernmental Charges B2399B 0 0 0 0 Est Rev - Use of Money And Property B2499B 5,500 9,503 4,003 5,500 Est Rev - Licenses And Permits B2599B 0 0 0 0 Est Rev - Fines And Forfeitures B2649B 0 0 0 0 Est Rev - Sale of Prop And Comp For Loss B2699B 10,000 13,769 3,769 21,500 Est Rev -Miscellaneous Local Sources B2799B 0 0 0 0 Est Rev-Interfund Revenues B2801 70,000 74,465 4,465 70,000 Est Rev -State Aid B3099B 0 0 0 0 Est Rev - Federal Aid B4099B 0 0 0 0 Estimated - Interfund Transfers B5031 0 720 720 0 Appropriated Reserve B511 B 0 0 0 0 Obligations Authorized B530B 0 0 0 0 Estimated - Proceeds of Obligations B5799B 0 0 0 0 Appropriated Fund Balance B599B 146,488 41,105 -105,383 155,140 Page 17 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (B) GENERAL TOWN -OUTSIDE VG Budget Summary [Co"`�e ©eN''s Tipton Appropriations And Other Uses App - General Government Support B1999B 61,625 57,323 4,302 72,400 App - Public Safety B3999B 0 0 0 0 App - Health B4999B 0 0 0 0 App - Transportation B5999B 0 0 0 0 App -Economic Assistance And Opportunity B6999B 0 0 0 0 App - Culture And Recreation B7999B 0 0 0 0 App - Home And Community Services B8999B 415,804 385,665 30,139 428,650 App - Employee Benefits B9199B 96,940. 74,010 22,930 94,850 App - Debt Service B9899B 0 0 0 0 ..:�,»,.�..... �.,,.�.:�w:�._,.���.s.��.,�..�: �.�;r��.:.�.:..����•K...��..��...�57�9�,..>.,.o ��`.,.�.. 51& Other Budgetary Purposes B962B 0 0 ..�.�.�,�..�.v57�37a��.,:�:'9580( 0 0 App - Interfund Transfer B9999B 15,880 15,880 0 25,253 Page 18 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 Balance Sheet u ' n€,:-- :�. 11ss > @ @ @ ia'�:_.. r a s e e 3;•Y «r rY @ @5, Page 19 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 Page 20 Resub of Operabon TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 Page 21 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 OperationResults of B 0 S,a,> .,x�. 7 Page 22 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 Changes in Fund Equity •s. s 4 y,a z� S86 aaa s.'- 8i Page 23 TOWN OFIthaca UpdateAnnual For the Fiscal Year Ending 2001 (DB) Balance Sheet Assets oauo |nTime Deposits Petty Cash 028,554 DB201 798,656 200 DB210 200 Accounts Receivable 1.182 oauun *T* Page 24 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (DB) HIGHWAY -PART -TOWN Balance Sheet _ c p gip, p, Liabilities And Fund Equity Accounts Payable DB600 8,290 .�z s k"xg�^ a a� TOTAL: Accouis Qa e ..� .,� +.. ` cc Accrued Liabilities 17,322 DB601 33,020 Reserve For Encumbrances 0 DB821 TO U Rese ysFor��ncucntira comes �r v i a to 0= '54 &,k;�p Capital Reserve 692 DB878 4,878 QTAL SpeciaRese es y� fi92 �DB910 4;87 Unreserved Fund Balance Appropriated 136,837 299,192 Unreserved Fund Balance Unappropriated 702,322 DB911 492,027 Page 25 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (DB) HIGHWAY -PART -TOWN Results of Operation �oge�t��scrfptio v__ I��a, z�tcn Detail Revenues And Other Sources Sales Tax (from County) 1,363,329 DB1120 1,284,293 u R" 9 a, ',vy', <.0 .}m *.- , IV Transportation Services, Other Govts 560 DB2300 42,639 TOTi4LS -1.�tecgovemmental C}ha 41e"s�� ,.. 6 .,..�• .mkCti.,u:s.:saute�ea.s....,.3.:y.. ..aa "";': §i tea.-.:.- . .42 6391 Interest And Earnings 26,072 DB2401 20,453 Sales of Equipment 28,071 DB2665 19,750. Insurance Recoveries 28,666 DB2680 2,123 Unclassified (specify) 1,551 DB2770 -50,782 �a:..,e..� • �.. arse � m s ,r �', w?.:. .s n m �,a�W�:.-.. :a_.r„:a.°..:.�-. St Aid, Consolidated Highway Aid 102,532 DB3501 51,254 Interfund Transfers 692 DB5031 1,530 Page 26 1 - OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (DB) HIGHWAY -PART -TOWN Results of Operation 01-0 Detail Expenditures And Other Uses Administration -Contractual 716 DB17104 5,052 Unallocated Insurance, Contr Expend 14,302 DB19104 22,040 ,� Maint of Streets, Pers Sery 209,767 DB51101 266,443 Maint of Streets, Contr Expend 111,609 DB51104 118,012 Improvements, Pers Sery 96,562 DB51121 102,125 Perm Improve Highway, Contr Expend 246,412 DB51124 174,206 Machinery, Pers Sery 41,125 DB51301 37,016 Machinery, Equip & Cap Outlay 255,023 DB51302 122,507 Machinery, Contr Expend 80,994 DB51304 83,763 Brush And Weeds, Pers Sery 37,633 DB51401 43,595 Brush And Weeds, Contr Expend 17,580 DB51404 12,813 Snow Removal, Pers Sery 74,059 DB51421 56,343 Snow Removal, Equip & Cap Outlay DB51422 14,592 Snow Removal, Contr Expend 64,768 DB51424 76,057 State Retirement, Empl Bnfts 6,124 DB90108 8,491 Social Security, Empl Bnfts 34,998 DB90306 38,496 Worker's Compensation, Empl Bnfts 24,401 DB90408 28,418 Life Insurance, Empl Bnfts DB90458 1,088 Unemployment Insurance, Empl Bnfts 968 DB90508 0 Disability Insurance, Empl Bnfts 434 DB90558 2,477 Hospital & Medical (dental) Ins, Empl Bnft 83,723 DB90608 110,570 Transfers, Other Funds 0 DB99019 15,880 Transfers, Capital Projects Fund 0 DB99509 75,030 Page 27 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (DB) HIGHWAY -PART -TOWN Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 689,576 DB8021 839,851 Restated Fund Equity - Beg of Year 689,576 DB8022 839,851 ADD - REVENUES AND OTHER SOURCES 1,551,473 1,371,260 DEDUCT - EXPENDITURES AND OTHER USES 1,401,198. 1,415,014 Fund Equity - End of Year 839,851 DB8029 796,097 Page 28 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (DB) HIGHWAY -PART -TOWN Budget Summary od_ t)escap;,a. Ed Go'WORMHOl001 I`r1 '.fi,Qde 00 _ D e nye. do ,ed QQ. Estimated Revenues And Other Sources Est Rev - Real Property Taxes DB1049B 0 0 0 0 Est Rev -Real Property Tax Items DB1099B 0 0 0 0 Est Rev- Non Property Tax Items DB1199B 1,284,293 .1,284,293 0 1,305,761 Est Rev - Departmental Income DB1299B 0 0 0 0 EsT. ReV. - Intergovernmental Charges DB2399B 12,000 42,639 30,639 13,000 Est Rev - Use of Money And Property DB2499B 12,000 20,453 8,453 12,000 Est Rev - Licenses And Permits DB2599B 0 0 0 0 Est Rev - Fines And Forfeitures DB2649B 0 0 0 0 Est Rev - Sale of Prop And Comp For Loss DB2699B 20,000 21,873 1,873 42,500 Est Rev - Miscellaneous Local Sources DB2799B 2,500 -50,783 -53,283 1,000 Est Rev - Interfund Revenues DB2801 B 0 0 0 0 Est Rev - State Aid DB3099B 60,000 51,254 -8,746 60,000 Est Rev - Federal Aid DB4099B 0 0 0 0 Estimated - Interfund Transfer DB5031B 0 1,530 1,530 0 Appropriated DB511 B 0 0 0 0 Obligations Authorized DB530B 0 0 0 0 Estimated - Proceeds of Obligations DB5799B 0 0 0 0 Appropriated Fund Balance DB599B 136,837 43,754 -93,083 299,192 Page 29 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (DB) HIGHWAY -PART -TOWN Budget Summary =ode • g crip.' n M d �, _ � � rig` al Qi31 � ed^���0> i�'. e e . �� oAte ���0��, Appropriations And Other Uses App -Transportation DB5999B 1,256,050 1,134,564 121,486 1,416,800 App - Home And Community Services DB8999B 0 0 0 0 App - Employee Benefits DB9199B 255,700 189,539 66,161 291,400 App - Debt Service DB9899B 0 0 0 0 �07AC ro riat�ons �-X1;511, Q' 1 324;103 7,647 APtT 280 00' ? Other Budgetary Purposes DB962B 0 0 0 0 Interfund Transfers DB9999B 15,880 90,910 -75,030 25,253 Page 30 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (FX) WATER Balance Sheet aac B ® si �♦ .�.�t"F`f �.f ��' -,� -. =°r �S r� /11 t ,y, s•4ae 14 -+� �... �- -._ a,, _<��. .. +a.�.._ �?. "�a:....�- a`. ....MSE -ate.. ia�._...��5 _ ,.. 'i_�, .._ti:�r. _ ."5...�•.aSF �: .w.t`_ � ::x DepositsAssets Cash In Time •1FX2011 671,91 Water Rents Receivable 150,276 FX350 193,893 Accounts Receivable 455 FX380 115 TO AL Ot erReceiValles, Heti/�� k' X73;„tea a'"�' Due From Other Funds FX391 18 -S ��, s� .4 a,,.. t01At. D e rom PAM unds � N - 0 Due From Other Govemments 131,280 FX440 0 Q7'. Du9 rom he Gover`.nmeh sri ass5 e tv .'.��� Z$t� Ri Q Prepaid Expenses 250 FX480 8,940 Page 31 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (FX) WATER Balance Sheet Liabilities And Fund Equity Accounts Payable 72,469 FX600 69,645 A 21r R y- s a e' 746 _ 26964 OTAL Accop is Pa able55, Accrued Liabilities 17,244 FX601 183,733 Unreserved Fund Balance Unappropriated 657,733 FX911 `717,881 Page 32 OSC Municipality Code 500342300000. TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (FX) WATER Results of Operation r e Des:. Detail Revenues And Other Sources Special Assessments Ad Valorem 395,738 FX1028 395,926 ° TO Realer e, },, f 395 7$8. z 395 92fi _�. ',.`.•.u`...'���'"�s;�u*..a'szA.a.�»,e�-u�...� Metered Water Sales Water Service Charges Interest & Penalties On Water Rents Other Home & Community Services Income 1,463,817 FX2140 1,468,116 2,975 FX2144 1,736 11,365 FX2148 23,761 0 FX2189 0 Tw"Ca'sd :New iaFa'is OTS eptarime tai Inco e , _ ,•f,�•" i )3r'k xs ° s ., �1416.,15:� a[• q fr .•��•,493F643 Service For Other Govts 0 FX2378 47/0 �OTIn Interest And Earnings 26,416 FX2401 25,680 TOTAL Irit`erfundT Insurance Recoveries 801 FX2680 475 OTAi_, Saleof Prop®rty�Anc�"Compensa� dr �,o ��. � ��� ��'�, . '�'� �� �� = h. 3 �. �, � •8 � � -� � � � '����? Refunds of Prior Year's Expenditures 130,440 FX2701 0 FOTAl.3Reverl .es• �. „,0 ., EM ` �� �, z a-+` _ . 1916'1,6! Interfund Transfers 3,553 FX5031 227 TOTAL Irit`erfundT �r� ; ; kms: .. Ai P �� a h� 2 035 [iDv k 916,39,i° IiO (Ai: Detail Revenues And Other Sources Page 33 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (FX) WATER Results of Operation o e D sc ' tto Q 0 E pGo Detail Expenditures And Other Uses Credit Card Fees FX13754 0 ac*..x...-"sem `°-' ,pi".d�,.„*°Y„,* 9,ys- �+3.'"+ T. # �TOTAL Credi CaCd F es t M ; �a-«� , r � EsAs^t.^ t;......E,e,.r.:m....�s '.zm"+..w..,..o�$"'3w�i.''`�$.r.,,.�cEi"7 Law, Contr Expend 3,975 FX14204 3,521 Central Print & Mail, Contr Expend Central Data Process & Cap Outlay Central Data Process, Contr Expend 2,997 FX16704 2,026 2,322 FX16802 0 1,218 FX16804 6,465 Administration -Contractual. 3,000 FX17104 10,364 �^�}s :.c�;a�� • �,,�.:.�..:�3�u.E.. ��.r.,��.,,.:cw��ri,a�...,M.,.�,c.....,;a..�. �...a.a:,�. .t,2 � ���s� �._.5...,ci����u';�„�:s„e�`rd�.at.�s�.�..�.rks:,:�,,.'s .�'�`�^� p�DY` Unallocated Insurance, ContrExpend 5,622 FX19104 9,626 Water Administration, Pers Sery 5,429 FX83101 9,265 Water Administration, Contr Expend 2,534 FX83104 315 ate.. w's+^'asrr'�i TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (FX) WATER Changes in Fund Equity y. pest pti 20"t p ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 413,329 FX8021 682,906 Restated Fund Equity - Beg of Year 413,329 FX8022 682,906 ADD - REVENUES AND OTHER SOURCES 2,035,105 1,916,391 DEDUCT - EXPENDITURES AND OTHER USES 1,765,528 1,977,743 Fund Equity - End of Year 682,906 FX8029 621,554 Page 35 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (FX) WATER Budget Summary tlles_cntip . Eck Go„ a prr nal 01 Modifis„ OQ1 1, a Aid ,P X200 , Estimated Revenues And Other Sources Est Rev - Real Property Taxes FX1049B 395,926. 395,926 0 399,236 Est Rev - Real Property Tax Items FX1099B 0 0 0 0 Est Rev- Departmental Income FX1299B 1,408,000 1,493,614 85,614 1,313,000 Est Rev-Intergovemmental Charges FX2399B 2,000 470 -1,530 2,000 Est Rev - Use of Money And Property FX2499B 18,000 25,680 7,680 5,400 Licenses And Permits FX2599B 0 0 0 0 Est Rev - Sale of Prop And Comp For Loss FX2699B 0 163 163 0 Est Rev -Miscellaneous Local Sources FX2799B 0 312 312 0 Est Rev - Interfund Revenues FX2801 B 0 0 0 0 Est Rev - State Aid FX3099B 0 0 0 0 Est Rev - Federal Aid FX4099B 0 0 0 0 Estimated - Interfund Transfer FX5031 B 0 227 227 0 Appropriated Reserve FX511 B 0 0 0 0 Obligations Authorized FX530B 0 0 0 0 Estimated - Proceeds of Obligations FX5799B 0 0 0 0 Appropriated Fund Balance FX599B 25,173 61,352 36,179 -96,327 Page 36 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (FX) WATER Budget Summary a. ..�__.... .. . .` :�a:: , �:,. _'; =_"r;...�, ..� h: s,°., s • .#'��,` 0 . ° ,� : � 0 .: 1.�,. °-0 b,§�.: �. � ;° .� Lam; .: D R i,.v , •000 -a 990e'I Appropriations And Other Uses App - General Government Support FX1999B 24,660 32,002 -7,342 129,850 App -Home And Community Services FX8999B 1,401,450 1,223,055 178,395 .. 1,170,200 App - Employee Benefits FX9199B 15,910 15,608 302 15,380 App - Debt Service FX9899B 0 0 0 0 OTAIAprojns `�E X1442` 1;270,665�75'Q Other Budgetary Purposes FX962B 0 0 0 0 App - Interfund Transfer FX9999B 407,079 707,079 -300,000 407,879 Page 37 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (G) SEWER Balance Sheet mod D scnn'o Assets Cash In Time Deposits 2,338,675 G201 2,621,664 �s� Sewer Rents Receivable 164,877 G360 238,649 Prepaid Expenses 243 G480 8,664 Page 38 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (G) SEWER Balance Sheet e ° esc Liabilities And Fund Equity Accounts Payable 923 G600 3,373 Accrued Liabilities 46,991 G601 44,409 , Due To Other Funds G630 18 Unreserved Fund Balance Unappropriated 2,455,881 G911 2,821,177 Page 39 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (G) SEWER Results of Operation 11F. J.17, W',". :0 Detail Revenues And Other Sources Special Assessments Sewer Rents 517,299 G1030 519,070 1,342,650 G2120 1,436,564 Interest & Penalties On Sewer Accts 7,334 G2128 9,207 RF , 777� 07 -7, 'N VI)DIdpia mejiM, cow s "mss T P Interest And Earnings 116,439 G2401 99,997 ATOT17 AL." 1. Mwe" HE - Insurance Recoveries 763 G2680 0 Refunds of Prior Year's Expenditures G2701 -21,329 Interfund Transfers G5031 56,060 i' -,OttfdR� E OR w --RW k 77 - Page 40 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (G) SEWER Results of Operation 0 11111 sodD otic°. 0. Detail Expenditures And Other Uses Administration -Contractual G17104 31,770 Sewer Administration, Pers Sery 5,162 G81101 8,592 Sewer Administration, Contr Expend 22,878 G81104 315 Sanitary Sewers, Pers Sery 32,844 G81201 47,100 Sanitary Sewers, Equip & Cap Outlay 10,465 G81202 438 Sanitary Sewers, Contr Expend 338,290 G81204 379,428 Sanita�tyewe �", n ��A�,� � ��.�.,.,�2 9fi6• TOTAL � � �{,, ,.�� �F � : �;� ���., ° a...n�� � w .�381�,599 ,ff£� Joint Sewer Project, Contr Expend 419,850 G81504 425,000 TOTAL oint'Sewer Pco ec °'_., 425;Oi10 r �� ,4'19;850 OTA�LHoen'tl° m u u 7B OR 89 860 73 ,2 State Retirement, Empl Bnfts 83 G90108 231 Social Security, Empl Bnfts 2,916 G90308 4,264 Worker's Compensation, Empl Bnfts 1,317 G90408 1,381 Life Insurance, Empi Bnfts G90458 86 Disability Insurance, Empl Bnfts 28 G90558 196 Hospital & Medical (dental) Ins, Empl Bnft 3,495 G90608 8,105 Transfers, Other Funds 542,912 G99019 527,367 Transfers, Capital Projects Fund G99509 300,000 TOT Detail pendlti s�ATtl3 011 3 4 344fi �3. Page 41 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (G) SEWER Changes in Fund Equity a,e --.. o ..sR __.� ._.,, _t.,. ..___�t�:.�.x •:�'�.'k�_s,..aa ��.. _ e . ti_...��..m�°h•.. k m• oe,,.�V.'t, .. #D? av ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 1,851,636 G8021 2,455,881 Restated Fund Equity - Beg of Year 1,851,636 ' G8022 2,455,881 ADD - REVENUES AND OTHER SOURCES 1,984,485 2,099,569 DEDUCT- EXPENDITURES AND OTHER USES 1,380,240 1,734,273 Fund Equity - End of Year 2,455,881 G8029 2,821,177 Page 42 OSC Municipality Code 500342300000 TOWN OF Ithaca' Annual Update Document For the Fiscal Year Ending 2001 (G) SEWER Budget Summary ,AQde _.escnp#"a .; � :dpGod,.a' 0 ig�i , 2001 oi:4"� ed20� Dt eret .:Ad .P e' `00`: Estimated Revenues And Other Sources Est Rev - Real Property Taxes G1049B 519,070 519,070 0 522,862 Est Rev - Real Property Tax Items G1099B 0 0 0 0 Est Rev- Departmental Income G1299B 1,346,756 1,444,014 97,258 1,346,684 Est Rev -Intergovernmental Charges G2399B 0 1,757 1,757 0 Est Rev - Use of Money And Property G2499B 40,000 99,997 59,997 40,000 Licenses And Permits G2599B 0 0 0 0 Est Rev - Sale of Prop And Comp For Loss G2699B 0 0 0 0 Est Rev -Miscellaneous Local Sources G2799B 0 -21,329 -21,329 0 Est Rev - Interfund Revenues G2801B 0 0 0 0 Est Rev - State Aid G3099B 0 0 0 0 Est Rev - Federal Aid G4099B 0 0 0 0 Estimated - Interfund Transfer G5031 0 56,060 56,060 0 Appropriated G511 B 0 0 0 0 Obligations Authorized G530B 0 0 0 0 Estimated - Proceeds of Obligations G5799B 0 0 0 0 Appropriated Fund Balance G599B 232,765 -365,297 -598,062 -195,705 Page 43 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (G) SEWER Budget Summary Page 44 OSC Municipality Code 500342300000 Appropriations And Other Uses App - General Government Support G1999B 24,014 31,770 -7,756 32,750 App - Home And Community Services G8999B 1,573,000 860,873 712,127 1,147,500 App - Employee Benefits G9199B 14,210 14,262 -52 11,580 App - Debt Service G9899B 0 0 0 0 TOTAL atiotis,._.° X611 27A 906 9 70 3 €9 - F I_ . APp_ pwu.„. ., m 19 0 , _ .,� ..,, Other Budgetary Purposes G962B 0 0 0 0 App - Interfund Transfer G9999B 527,367 827,367 -300,000 522,011 Page 44 OSC Municipality Code 500342300000 (H) CAPITAL PROJECTS Balance Sheet TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 7 "P�_-s+K ^,¥tea.,- #., r. "i azo 8 9 C i • e o°'i E r. 0 B v `€` Assets Cash In Time Deposits 191,030 H2O1 227,845 T07 "Gash ;�> �:.�.. c ..S�S' u.dL,n'ck.. • ,s�w+:.w-.�..�z'�v; � , ,. *c .�..; �,w�Z.3 � �'c.. .u„a �` 3� �.'.e_�.:..�xs..a__u Cash Special Reserves 0 H230 0 Page 45 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (H) CAPITAL PROJECTS Balance Sheet Liabilities And Fund Equity Accounts Payable 1,902 H600 76 C a` xAl"Yi W� ``. x �" "5d p�� sAccountsPayabe at_i,..1r902f Retained Percentages, Cont Pay 0 H605 48,923 ��,�,�_ Due To Other Funds H630 207,000 Unreserved Fund Balance Unappropriated 189,128 H911 -28,154 Page 46 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (H) CAPITAL PROJECTS Results of Operation d 17esc puo ; �a p(� Og Detail Revenues And Other Sources Interest And Earnings 54,273 H2401 12,014 TO7AL Use o ,yY'{one d Pro' a K�,4� 4. �L.^ #kazJuaA+.ffi as,a'G4.�..�'Cs ' �`"�£w&r'�a`a4`i'.'# IM" Unclassified (specify) 5,983 H2770 0 ,rn�— z stir S`"983 TOS T UMlscellaneou dLocal Sour, ,F. �. OT (te enu ,o. a Interfund Transfers 308,632 H5031 758,781 TQT ' DetailORevenues And Other, ,ourae Y�rx^ .7= .5 Page 47 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (H) CAPITAL PROJECTS Results of Operation Detail Expenditures And Other Uses Engineer, Equip & Cap Outlay 1,804,802 H14402 Highway, Capital Projects. Parks, Equip & Cap Outlay H51972 231,557 H71102 39,164 Sewer, Equip & Cap Outlay H81972 232,962 a 532;.q Water Trans & Distrib, Equip & Cap Outlay H83402 287,432 Misc Home & Comm Serv, Equip & Cap Outlay 18,793 H89892 318 Transfers, Other Funds 395,159 H99019 196,644 Transfers, Capital Projects Fund 0 H9950.9 Page 48 OSC Municipality Code 500342300000 Page 49 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (H) CAPITAL PROJECTS Changes in Fund Equity, epile INd'Q ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 2,038,994 H8021 189,128 Restated Fund Equity - Beg of Year 2,038,994 H8022 189,128 ADD - REVENUES AND OTHER SOURCES 368,888 770,795 DEDUCT - EXPENDITURES AND OTHER USES 2,218,754 988,077 Fund Equity - End of Year 189,128 118029 -28,154 Page 49 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (K) GENERAL FIXED ASSETS Balance Sheet Assets Land 133,368 K101 133,368 Buildings 448,406 K102 2,392,370 Improvements Other Than Buildings 547,518 K103 997,078 Machinery & Equipment 2,685,315 K104 2,660,477 Construction Work In Progress 1,820,964 K105 560,057 Page 50 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (K) GENERAL FIXED ASSETS Balance Sheet Liabilities And Fund Equity Invest General Fxd Assets -Current App 2,012,335 K152 274,916 Invest General Fxd Assets -Gifts 2,500 K153 2,500 Invest General Fxd Assets -Other 3,620,736 K158 6,465,934 Page 51 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (SF) FIRE PROTECTION Balance Sheet Assets Cash In Time Deposits 73,651 SF201 151,198 Page 52 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (SF) FIRE PROTECTION Balance Sheet W Liabilities And Fund Equity ��.._ ...zs�'..a ate, k .. ,_ba . _.� sb � s=s � >r ` ��„ �. •iu�sa: a .ads.,.. � u;a Accounts Payable 1,035 SF600 Unreserved Fund Balance Unappropriated 72,616 SF911 151,198 Page 53 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (SF) FIRE PROTECTION Results of Operation Detail Revenues And Other Sources Real Property Taxes 1,922,875 SF1001 1,917,721 UA Realroperiy,Taxas�'� Other Payments In Lieu of Taxes 8,406 SF1081 7,541 Sales Tax (from County) 0 SF1120 0 Other Public Safety Departmental Income 10,414 SF1589 0 5r �` a��. '" 4�4.rt ""TsP`":"'- Interest And Earnings 40,017 SF2401 41,511 St Aid, Other Aid (specify) SF3089 13,622 Page 54 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (SF) FIRE PROTECTION Results of Operation :od D.ese ptia � . Edp.; 0 Detail Expenditures And Other Uses Fire Protection, Contr Expend 1,927,127 SF34104 1,901,813 ^%7—T '�r�`». �„. - ;'may +»� s. *r �i -. Oxar Detail Expenditures AiidOtt�erUs ..� 01,833' AMD'd a - , Page 55 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (SF) FIRE PROTECTION Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 18,031 SF8021 72,616 Restated Fund Equity - Beg of Year 18,031 SF8022 72,616 ADD - REVENUES AND OTHER SOURCES 1,981,712 1,980,395 DEDUCT - EXPENDITURES AND OTHER USES 1,927,127 1,901,813 Fund Equity - End of Year 72,616 1 SF8029 151,198 Page 56 OSC Municipality Code 500342300000 Page 57 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 l (SL) LIGHTING I Balance Sheet I Liabilities And Fund Equity Accounts Payable 181 SL600 137 It , I�� I.ICiR1��5;9 m .` rit%"v.�.,w:w�.��. � .�c. ,s�" ;� ms ���'",` nb` �i:�i� �`Kx • r;-��'`.. �` is- �,, Unreserved Fund Balance Appropriated 892 SL910 5,314 :m"u .x�;,... ,, q,,^--•ay�y, za.^' g-. ° ,.^""i, est nT@8@@Uni� ��i1I1�4 � � �� ��a ��'�.t x �„' ���.H'•�?s �.� e_... sem° sx Unreserved Fund Balance Unappropriated 5,562 SL911 4,650 S ea�ai.'”L�L� l Page 58 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (SL) LIGHTING Results of Operation PROMM ON Detail Revenues And Other Sources Real Property Taxes ,17,215 SL1001 16,458 �TA1. Real ira a TQC ; _ 1M1� ._.,..��»;,�,�,........��.�M..a. i Interest And Earnings 342 SL2401 393 O�l)se of Nlone�►ntl Pr;,ApertY�� : � �� � �X.... � � .�_ «..� < � � � �� � � ,. � � ��93, AL Reertue x > =y Vis" OAt. DeiaiiReVe ues O#er S4i1r�Ce&f t x� v .,� g._..,� Page 59 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (SL) LIGHTING Results of Operation Detail Expenditures And Other Uses Street Lighting, Contr Expend 13,459 SL51824 13,341 a*a-' Y"4°'. -�;. ate, 4 +$r� �v�`�t �s'�✓xT' sew 'no"'"4'',,,,-v�^ ra.. �' '2 � e g t�"�S"�"�""�' � t . TOT�1L�Expendi �� �� •� �_ �� & �� ��.�,�; � r 1 � �' � �.�;_� 3.13,4 Page 60 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (SL) LIGHTING Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 2,356 SL8021 6,454 Restated Fund Equity - Beg of Year 2,356 SL8022 6,454 ADD - REVENUES AND OTHER SOURCES 17,557 16,851 DEDUCT - EXPENDITURES AND OTHER USES 13,459 13,341 Fund Equity - End of Year 6,454 SL8029 9,964 Page 61 OSC Municipality Code 500342300000 Page 62 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (TA) AGENCY Balance Sheet Liabilities And Fund Equity Due To Other Funds TA630 24 Consolidated Payroll 13 TA10 13 Disability Insurance 477 TA19 497 Group Insurance 5,035 TA20 5,141 Guaranty & Bid Deposits 2,250 TA30 0 Bail Deposits 14,471 TA35 14,471 Other Funds (specify) 31,152 TA85 28,377 Page 63 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (V) DEBT SERVICE Balance Sheet Assets Cash In Time Deposits 7,197 V201 5,944 v"�•'d "+'� � y s a- �,y }�� kA aP' � f Yet, � .s k `j '�' �`'`� 1'� � k� $ x � ...:.i� ���yyf Page 64 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (V) DEBT SERVICE Balance Sheet e • - B & i o'it k a s s -c °a s3§ a� ��" a�� " 1 1 1'T"s�.x' s a a :lw! .,� 1 Liabilities And Fund Equity Fund -• For Bonded Debt 5,497 V884 3,744 Unreserved Fund Balance Appropriated 1,700 V910 . 2,200 Page 65 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (V) DEBT SERVICE Results of Operation Detail Revenues And Other Sources Interest And Earnings 2,115 V2401 990 interfund Transfers 896,314 V5031 836,026 a� ,m. v. a sa '•i"""'" a5i' 'rs-� t-7--+»,.ter,"ai'�%" -- - r-ia TOOT , anti and Tratisfes; a86 314' r k 836 OBw .sa:. OTALOther'Sources :.mow � m..:w «�:.vw ^esa.:c:.e`:43.r�� �, `'�' a`..:.rrx:$�•:a«.a��x.`�.u*..'.�s�...u.�a�.�..F:a�.�'}...rrs� ......t.!a�:wu: s.. �•a$`'._°..:..d`,�.�.:`N:cs�v.sa,�•._. Page 66 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (V) DEBT SERVICE Results of Operation INNER ic" Iti LL`20Q4 �E, Eck" Go w {3.0t Detail Expenditures And Other Uses Fiscal Agents Fees, Contr Expend 2,107 V13804 2,244 Debt Principal, Serial Bonds 543,340 V97106 520,000 TOTTOT =De P�InCI ( ' Debt Interest, Serial Bonds 352,974 V97107 316,025 ,r� TOT1 Expenditr�es-N Page 67 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (V) DEBT SERVICE Changes in Fund Equity � �; ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 7,189 V8021 7,197 Restated Fund Equity - Beg of Year 7,189 V8022 7,197 ADD - REVENUES AND OTHER SOURCES 898,429 837,016 DEDUCT - EXPENDITURES AND OTHER USES 898,421 838,269 Fund Equity - End of Year 7,197 V8029 5,944 Page 68 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (W) GENERAL LONG-TERM DEBT Balance Sheet Amts To Be Prov For Long -Term 4,856,699 W125 4,348,558 Page 69 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2001 (W) GENERAL LONG-TERM DEBT Balance Sheet dDe„c p�e� r O�iQ ..• EdP.r. Q: Liabilities And Fund Equity Compensated Absences 71,699 W687 83,558 4,785,000 W628 Page 70 OSC Municipality Code 500342300000 TOWN OF Ithaca Financial Comments For the Fiscal Year Ending 2001 Page 71 Nater and Other Purposes Exempt From TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2001 Constitutional Debt Limit I 'Zond No. 2000000002 EDPCODE Amount Month and Year of Issue 5/15/1987 purpose of Issue Public Improvement Current Interest Rate .0680 )utstanding Beginning of Year 2P18671 900,000 Issued During the Fiscal Year (do not include renewals here) 2P18673 0 jPaid During the Fiscal Year (do not include renewals here) 2P18675 150,000 Outstanding End of the Fiscal Year 2PI8677 750,000 I •inal Maturity Date 5/1/2006 .fond No. 2000000003 EDPCODE Amount "lonth and Year of Issue 9/1/1989 rur ose of Issue Public Improvemen :urrent Interest Rate outstanding Beginning of Year 2P18671 .0730 1,170,000 3sued During the Fiscal Year (do not include renewals here) 2P18673 0 'aid During the Fiscal Year (do not include renewals here) 2P18675 140,000 )utstanding End of the Fiscal Year 2P18677 1,030,000 Final Maturity Date 3/1/2008 Bond No. 2000000004 EDPCODE Amount of Issue 7/15/1991 lLonthsarof'Year urpoe Issue Public Improvement Elturrent Interest Rate .0662 utstanding Beginning of Year 2P18671 2,700,000 sued During the Fiscal Year (do not include renewals here) 2PI8673 0 aid During the Fiscal Year (do not include renewals here) 2P18675 225,000 dutstanding End of the Fiscal Year 2PI8677 2,475,000 inal Maturity Date 7/15/2011 L Page 72 OSC Municipality Code 500342300000 TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2001 Nater and Other Purposes Exempt From Constitutional Debt Limit '3ond No. 2000000001 EDPCODE Amoun nAonth and Year of Issue Issued During Fiscal Year 3/1/1977 purpose of Issue 520,000 & Sewer Improvemen current Interest Rate .060( )utstanding Beginning of Year 2P18671 15,000 Issued During the Fiscal Year. (do not include renewals here) 2PI8673 0 Paid During the Fiscal Year (do not include renewals here) 2PI8675 5,000 Outstanding End of the Fiscal Year 2P18677 10,000 sinal Maturity Date 3/1/2003 otal Bond Amount utstanding Beginning of Year 4,785,000 issued During Fiscal Year 0 "laid During Fiscal Year 520,00 Putstanding End of Year 4,265,000 rotal of All Indebtedness ncludes Total of Bonds and Notes - Exempt and Not Exempt Notal Bond Amount )utstanding Beginning of Year 4,785,000 Issued During Fiscal Year 0 'aid During Fiscal Year 520,000 Outstanding End of Year 4,265,000 Page 73 OSC Municipality Code 500342300000 TOWN OF Ithaca Maturity Schedule For the Fiscal Year Ending 2001 Page. 74 TOWN OF Ithaca Schedule of Securities for Collateralization For the Fiscal Year Ending 2001 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 75 OSC Municipality Code 500342300000 TOWN OF Ithaca Schedule of Time Deposits and Investments For the Fiscal Year Ending 2001 OTHER THAN RESERVE FUNDS CASH: On Hand Demand Deposits Time Deposits Total. COLLATERAL: - FDIC Insurance - Securities Located: (1) In Possession of Municipality (2) Held By Third Party Custodial Bank (3) Held By Trading Counter Partner INVESTMENTS: - Securities (450) Book Value (cost) . Market Value at Balance Sheet Date Securities Located: (1) In Posession of Municipality (2) Held by Third Party Custodial Bank (3) Held by Trading Counter Partner - Repurchase Agreements (451) Book Value (cost) Market Value at Balance Sheet Date - Securities Located: (1) In Possession of Municipality (2) Held by Third Party Custodial Bank (3) Held by Trading Counter.Partner EDP .Code 9Z2001 9Z2011 9Z2021 9Z2014 9Z2014A 9Z2014B 9Z2014C 9Z4501 9Z4502 9Z4504A 9Z4504B 9Z4504C 9Z4511 9Z4512 9Z4514A 9Z4514B 9Z4514C Amount $0.00 $0.00 $5,794,102.00 $5,794,102.00 $200,000.00 $0.00 $6,945,220.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Page 76 OSC Municipality Code 500342300000 TOWN OF Ithaca Schedule of Time Deposits and Investments For the Fiscal Year Ending 2001 RESERVE FUNDS CASH (All Reserve Funds): On Hand Demand Deposits Time Deposits Total COLLATERAL: - FDIC Insurance - Securities Located: (1) In Possession of Municipality (2) Held By Third Party Custodial Bank (3) Held By Trading Counter Partner INVESTMENTS: - Securities (450) Book Value (cost) Market Value at Balance Sheet Date - Securities Located: (1) In Posession of Municipality (2) Held by Third Party Custodial Bank (3) Held by Trading Counter Partner Repurchase Agreements (All Reserve Funds) (451) Book Value (cost) Market Value at Balance Sheet Date - Securities Located: (1) In Possession of Municipality (2) Held by Third Party Custodial Bank (3) Held by Trading Counter Partner EDP Code Amount 9Z2301 $0.00 9Z2311 $0.00 9Z2321 $389,793.00 $389,793.00 9Z2324 $200,000.00 9Z2324A $0.00 9Z2324B $467,233.00 9Z2324C $0.00 9Z4521 $0.00 9Z4522 $0.00 9Z4524A $0.00 9Z452413 $0.00 9Z4524C $0.00 9Z4531 $0.00 9Z4532 $0.00 9Z4534A $0.00 9Z453413 $0.00 9Z4534C $0.00 Page 77 OSC Municipality Code 500342300000 TOWN OF Ithaca Investment Certification For the Fiscal Year Ending 2001 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. RESPONSE 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 No policy? Name: Alfred F. Carvill Title: Budget Officer Phone Number: (607) 273-1721 Page 78 DSC Municipality Code 500342300000 Bank Account Number 12-201-002604 17-201-002604 29-201-002604 36-201-002604 30-201-002604 20-201-002604 16-201-002604 21-201-002604 22-201-002604 23-201-002604 24-201-002604 32-201-002604 37-201-002604 38-201-002604 39-201-002604 40-201-002604 11-201-002604 26-201-002604 18-201-002604 03-201-002604 25-201-002604 27-201-002604 01-101-148038 05-201-002604 8700358172 TOWN OF Ithaca Bank Reconciliation For the Fiscal Year Ending 2001 Include All Checking, Savings and C.D. Accounts Bank Balance $770,846 $24,448 $23,705 $180,421 -$181,386 $374,938 $13,244 $801,073 $4,886 $672,886 $2,625,655 $19,378 $68,774 $23,545 $28,838 $87,747 $73,904 $151,452 $14,519 $14,918 $5,954 $10,119 $330,096 $13,711 $2,500 Add: Less: Adjusted Deposit Outstanding Bank In Transit Checks Balance $0 $1,847 $768,999 $0 $41 $24,407 $0 $28 $23,677 $0 $277 $180,144 $0 $291 $181,094 $0 $649 $374,288 $0 $13 $13,231 $0 $1,417 $799,656 $0 $8 $4,878 $0 $919 $671,966 $0 $3,991 $2,621,664 $0 $33 $19,346 $0 $115 $68,658 $0 $40 $23,505 $0 $101 $28,737 $0 $147 $87,599 $0 $125 $73,779 $0 $254 $151,198 $0 $24 $14,494 $0 $28 $14,890 $0 $10 $5,944 $0 $18 $10,101 $0 $330,096 $0 $372 $5,322 $8,761 $0 $0 $2,500 Page 79 OSC Municipality Code 500342300000 TOWN OF Ithaca Bank Reconciliation For the Fiscal Year Ending 2001 Include All Checking, Savings and C.D. Accounts Bank Add: Less: Adjusted Account Bank Deposit Outstanding Bank Number Balance In Transit Checks Balance 14-201-002604 $20,378 $0 $10,000 $10,378 Total Adjusted Bank Balance $6,183,895 Petty Cash $500.00 Adjustments $.00 Total Cash 9ZCASH $6,184,395 Total Cash Balance All Funds 9ZCASHB $6,184,395 * Must be equal Page 80 OSC Municipality Code 500342300000 TOWN OF Ithaca . Local Government Questionnaire For the Fiscal Year Ending 2001 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? If yes, has your municipality used the results to design the system of internal controls? 8) Have you had a change in chief executive or chief fiscal officer during the last year? 9) Does your municipality have access to the internet? Does your municipality have an official E-mail address? If yes, what is it? Response Yes Yes . No No No Yes No No Yes Does the chief fiscal officer have a separate E-mail address? Yes If yes, what is it? CValentino@town.ithaca.ny.us Do you have a web site? Yes If yes, what is the official address of the web site for your municipality? www.town.ithaca.ny.us Page 81 OSC Municipality Code 500342300000 I, Catherine Valentino the Town of Ithaca CERTIFICATION OF'CHIEF FISCAL OFFICER , hereby certify that I am the Chief Fiscal Officer of , and that the information provided in the annual financial report of the Town of Ithaca , for the fiscal year ended 12/31/2001 , is TRUE and correct to the best of my knowledge and belief. By entering the personal indentification number assigned by the Office of the State Comptroller to me as the Chief Fiscal Officer of the Town of Ithaca my signature for use in conjunction with the filing of the Town of Ithaca's , and adopted by me as annual financial report, I am evidencing my express intent to authenticate my certification of the Town of Ithaca's annual financial report for the fiscal year ended 12/31/2001 and filed by means of electronic data transmission. Alfred F. Carvill Alfred F. Carvill Name of Report Preparer if different Name than Chief Fiscal Officer (607) 273-1721 Budget Officer Telephone Number Title 215 N. Tioga St., Ithaca, NY 14850 Official Address 02/26/2002 (607) 273-1721 Date of Certification Official Telephone Number Page 82 Municipality Code 500342300000 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 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 Cayuga 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's 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, 2001 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, 2001 - 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 (e.g. 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. (e.g. 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, 2001 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 bonds, serial bonds and bond anticipation notes. Other obligations include unbilled retirement liabilities, and any vested or unpaid accumulated employee benefits (e.g. vacation) to be provided for in future budgets. C. Basis of AccountiniUMeasurement 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. (e.g. expense or revenue) 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, 2001 b. Principal and interest on indebtedness are not recognized as expenditures until due. Compensated absences, such as vacation and sick leave which vests or accumulates, are charged as expenses when paid. See Note 1-J. d. Pension costs are recognized as an expenditure when billed by the State. See Note 2-B4. - 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 one-half 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 Town Supervisor and the Town Budget Officer submit 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. PAGE 5 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 b. After public` hearings are conducted to obtain taxpayer comments, no later than November 20, the Town Board adopts the budget. 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 deemed needed and necessary and 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 been capitalized .since 2000. Such assets normally are immovable and of value only to the Town. Currently NO depreciation has been provided on general fixed assets. PAGE 6 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 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 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 increased by $1,558 during the year to $83,558 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. PAGE 7 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 HEALTH INSURANCE CARRIER Univera Health Care 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 employee. As required, the Town Supervisor is the Chairman and Trustee of the Town's Deferred Compensation Committee. DEFFERRED COMPENSATION PLAN PEBSCO Division of Nationwide Retirement Solutions a Nationwide Financial Company Note 2 Detail Notes on All Funds and Account Groups A. Assets 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. (FDIC) 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 PAGE 8 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 insuring the invested principal cash value of the REPO. However, it has not been the practice of the Town to invest taxpayer funds into bank repurchase agreements. 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. 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 bank balances at December 31, 2001 totaled $6,184,395. These deposits were fully collateralized by securities with a fair market value at December 31, 2001 of $7,412,453 or 117%. 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 1/1/O1 $ 133,368 $ 0 448,406 1,943,646 258,467 158,766 83,190 2,602,124 14,592 10,949 18,795 189,270 DELETIONS 0 $ 0 0 0 0 0 130,917 BALANCE 12/31/01 133,368 2,392,370 273,059 169,715 101,985 2,660,477 130,286 1,820,964 322,033 682,739 0 1,943,646 452,319 560,057 $ 5,635,571 $ 3,182,342 $ 2,074,563 $ 6,743,350 PAGE 9 3 B. TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 Other Receivables The Town had the following receivables at December 31, 2001: Fund Special Revenue: Water Sewer Liabilities 1. Pension Plans Description Rents '& Special Assessments Rents & Special Assessments Total Special Revenue Amount $ 193,893 238,649 432 542.. 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. Fundine 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. PAGE 10 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 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 2001 $ 34,903 2000 $ 9,692 1998 $ 19,881 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 2001 fiscal year was $0. 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, 2001, NO (-0-) BANs were outstanding. 3. Long -Term Debt a. At December 31, 2001, the total principal indebtedness outstanding of the Town of Ithaca aggregated $4,265,000. 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. Other Long -Term Debt- In addition to the above long-term debt the Town of Ithaca had . the following non-current liability: PAGE 11 R e. TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 * 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, 2001'by fund type and account group: Liabili Serial Bonds Compensated Absences Total Outstanding Debt Account Group $ 4,265,000 83,558 4.348.558 , The following is a summary of changes in Long -Term liabilities for the period ended December 31 2001: Due Employee Compensated Installment Retirement Absences Bond $ 0 $ 71,699 $ 0 0 1,859 0 0 0 0 $ 0 $ 83.558 $ 0 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, 2001 amounted to $316,025. Unpaid Bond Interest on outstanding indebtedness at December 31, 2001 is $1,304,199. 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) g. The following table summarizes the Town of Ithaca's future debt service requirements as of December 31, 2001. (See Exhibit C) PAGE 12 Serial Bonds Bal 1/l/01 $ 4,785,000 Additions 0 Deletions 520,000 Bal 12/31/01 LA265,000 Due Employee Compensated Installment Retirement Absences Bond $ 0 $ 71,699 $ 0 0 1,859 0 0 0 0 $ 0 $ 83.558 $ 0 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, 2001 amounted to $316,025. Unpaid Bond Interest on outstanding indebtedness at December 31, 2001 is $1,304,199. 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) g. The following table summarizes the Town of Ithaca's future debt service requirements as of December 31, 2001. (See Exhibit C) PAGE 12 C. TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 Reconciliation of Interfund Activities Interfund receivables and payables at December 31, 2001 were as follows: MO X Gen'l Town -Wide General Part -Town Highway Water Sewer Capital Projects Risk Retention Debt service TOTAL D. Fund Equity 1. Reserves DUE FROM DUE TO INTERFUND INTERFUND REVENUE EXPENSE $ 207,024 $ 0 $ 269,246 $ 90,751 0 0 720 15,880 0 0 1,530 90,910 18 0 227 707,079 0 18 56,060 827,367 0 207,000 758,781 196,643 0 0 10,000 _ 3,960 0 24 836,026 0 $ 207,042 $ 207,042 $ 1,932,590 1,932,590 a. The General Townwide Fund equity includes reserve funds established future real property tax settlements. The balance at the end of 2001 was $23,677. This Reserve Fund was designated by Board Resolution No. 171 of October 2, 1997. Interest earnings increased the Reserve Fund for the year. 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 2001 was $181,094. This Reserve Fund was designated by Board Resolution No. 170 of October 2, 1997. Interest earnings and additional funding for the year both increased the Reserve Fund. C. The Highway Equipment equity includes reserve funds established for highway machinery. The balance .at the end of 2001 was $4,878. 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. PAGE 13 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 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 2001 is $180,144. 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 is partially 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. 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 of Ithaca, the Town of Dryden and City of Ithaca are currently engaged in negotiating a final agreement for sharing operation and maintenance costs with the each other. All partners jointly own the sewer transmission lines. The amount of the resulting assessment to the Town is not known nor can it be estimated as of the date of this report. PAGE 14 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 ISSUE DESCRIPTION ISSUE ISSUE I INTEREST MATURITY 5/15/87 DATE I AMOUNT RATE I WATER & SEWER IMPROVEMENT / 1976 ( 13% WATER - 87% SEWER) 3/1/77 $ 1,967,000 6.00% SNYDER HILL ROAD PUBLIC IMPROVEMENT/ 1986 ( 19% WATER - 81% SEWER ) WATER IMPROVEMENT / 1984 WASTE WATER TREATMENT PLANT SEWER IMPROVEMENT PORTION 3/1/77 $ 158,000 6.00% 5/15/87 $ 2,830,000 500;000 $ 5/15/87 $ 550,000 5/15/87 $ 2,100,000 5/15/87 $ 180,000 PUBLIC IMPROVEMENT / 1989 ( 49% WATER - 51% SEWER) 9/1/89 WATER IMP / 1 ST SERIES 1987 WATER IMP / 2ND SERIES 1987 OLD STH HILL WATER / 1 ST AUTH OLD STH HILL WATER / 2ND AUTH CODDINGTOIN RD SEWER SEWER IMP / 1ST SERIES 1987 SEWER IMP / 2ND SERIES 1987 9/1/89 9/1/89 9/1/89 9/1/89 9/l/89 9/1/89 9/1/89 PAGE 15 $ 2,580,000 $ 479,000 $ 500;000 $ 143,982 $ 112,018 $ 11,000 $ 384,000 $ 950,000 6.80% 6.80% 6.80% 6.80% 7.30% 7.30% 7.30% 7.30% 7.30% 7.30% 7.30% 7.30% 3/1/03 3/1/03 5/1/06 5/15/06 5/15/06 5/15/06 3/1/08 3/1/08 3/1/08 3/1/08 8/1/08 3/1/08 3/1/08 3/1/08 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 EXHIBIT A ISSUE DESCRIPTION ISSUE ISSUE AMOUNT INTEREST MATURITY DEBT RATE I PUBLIC IMPROVEMENT BOND / 1991 ( 52% WATER - 48% SEWER) 7/15/91 $ 4,465,000 6.625% 7/15/11 TOWN WATER BENEFITTED AREA 7/15/91 $ 2,337,000 6.625% 7/15/11 TWN OF ITHACA WTR BENEFITTED 7/15/91. $ 2,128,000 6.625% 7/15/11 TOTAL PRINCIPAL DEBT OUTSTANDING @ 12/31/01 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 EXHIBIT B ISSUE OUTSTANDING ALLOCATED DEBT 12/31/01 WATER SEWER WATER & SEWER IMPROVEMENT / 1976 (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) TOTAL LONG TERM DEBT PAGE 17 $ 10,000 $ 1,300 $ 8,700 $ 750,000 $ 142,500 $ 607,500 $ 1,030,000 $ 504,700 $ 525,300 $ 2,475,000 $ 1,287,000 $ 1,188,000 $ 4,265,000 $ 1,935,500 $ 2,329,500 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2001 EXHIBIT C SUMMARY OF FUTURE DEBT REQUIREMENTS ISSUE DESCRIPTION 2002 2003 2004 2005 2006 2007 - 2011 PRIN INT I PRIN INT PRIN INT PRIN INT PRIN INT PRIN INT WATER & SEWER $ 5,000 $ 750 $ 5,000 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 IMPROVEMENT / 1976 PUBLIC IMPROVEMENT/ 150,000 56,100 150,000 45,900 150,000 25,500 150,000 20,400 150,000 5,100 0 0 1986 PUBLIC IMPROVEMENT/ 140,000 80,300 140,000 70,080 140,000 49,275 150,000 38,325 150,000 27,375 300,000 21,800 1989 PUBLIC IMPROVEMENT. 225,000 163,969 250,000 149,063 250,000 132,500 250,000 115,938 250,000 99,375 1,250,000 248,438 BOND / 1991 TOTAL LONG-TERM $ 520,000 $ 301,119 $ 545,000 $ 265,043 $540,000 $ 207,275 $ 550,000 $174,663 $ 550,000 $ 131,850 $ 1,550,000 $ 270,238 DEBT PAGE 18 ssets = Liabilities + Fund Equity Town of Ithaca Financial Edit Listing Assets Liabilities + Fund Equity 02/26/2002 Difference (A) GENERAL $1,932,843.00 $1,932,843.00 $0.00 (B) GENERAL TOWN -OUTSIDE VG $395,954.00 $395,954.00 $0.00 (CS) RISK RETENTION $0.00 $0.00 $0.00 (DB) HIGHWAY -PART -TOWN $837,407.00 $837,407.00 $0.00 (FX) WATER $874,932.00. $874,932.00 $0.00 (G) SEWER $2,868,977.00 $2,868,977.00 $0.00 (SF) FIRE PROTECTION $151,198.00 $151,198.00 $0.00 (SL) LIGHTING $10,101.00 $10,101.00 $0.00 (V) DEBT SERVICE $5,944.00 $5,944.00 $0.00 (H) CAPITAL PROJECTS $227,845.00 $227,845.00 $0.00 (TA) AGENCY $48,523.00 $48,523.00 $0.00 (K) GENERAL FIXED ASSETS $6,743,350.00 $6,743,350.00 $0.00 (W) GENERAL LONG-TERM DEBT rund Equity on Changes and Balance Sheet $4,348,558.00 Analysis $4,348,558.00 Balance $0.00 Difference (A) GENERAL $1,869,084.00 $1,869,084.00 $0.00 (B) GENERAL TOWN -OUTSIDE VG $355,481.00 $355,481.00 $0.00 (CS) RISK RETENTION $0.00 $0.00 $0.00 (DB) HIGHWAY -PART -TOWN $796,097.00 $796,097.00 $0.00 (FX) WATER $621,554.00 $621,554.00 $0.00 (G) SEWER $2,821,177.00 $2,821,177.00 $0.00 (SF) FIRE PROTECTION $151,198.00 $151,198.00 $0.00 (SL) LIGHTING $9,964.00 $9,964.00 $0.00 (V) DEBT SERVICE $5,944.00 $5,944.00 $0.00 (H) CAPITAL PROJECTS ($28,154.00) ($28,154.00) $0.00 Fiscal Year 2001 Page 1 of 3 OSC Municipality Code 500342300000 ue To = Due From Town of Ithaca Financial Edit Listing Due To Due From 02/26/2002 Difference All Funds —ransfers In = Transfers Out $207,042.00 Transfers In $207,042.00 Transfers Out $0.00 Difference All Funds Est Revenues = Est Appropriations (Original) $1,932,591.00 Revenues $1,932,591.00 Appropriations $0.00 Difference (A) GENERAL $2,099,181.00 $2,099,181.00 $0.00 (B) GENERAL TOWN -OUTSIDE VG $590,249.00 $590,249.00 $0.00 (DB) HIGHWAY -PART -TOWN $1,527,630.00 $1,527,630.00 $0.00 (FX) WATER $1,849,099.00 $1,849,099.00 $0.00 (G) SEWER st Revenues = Est Appropriations (Modified) $2,138,591.00 Revenues $2,138,591.00 Appropriations $0.00 Difference (A) GENERAL $2,125,640.00 $2,125,640.00 $0.00 (B) GENERAL TOWN -OUTSIDE VG $532,878.00 $532,878.00 $0.00 (DB) HIGHWAY -PART -TOWN $1,415,013.00 $1,415,013.00 $0.00 (FX) WATER $1,977,744.00 $1,977,744.00 $0.00 (G) SEWER —st Revenues = Est Appropriations (Orig Next Yeai $1,734,272.00 Revenues $1,734,272.00 Appropriation $0.00 Difference (A) GENERAL $2,247,513.00 $2,247,513.00 $0.00 (B) GENERAL TOWN -OUTSIDE VG $621,153.00 $621,153.00 $0.00 (DB) HIGHWAY -PART -TOWN $1,733,453.00 $1,733,453.00 $0.00 (FX) WATER $1,623,309.00 $1,623,309.00 $0.00 (G) SEWER BOND Liabilities = Outstanding End of Year $1,713,841.00 Liabilities $1,713,841.00 End of Year $0.00 Difference All Funds uANS Liabilities = Outstanding End of Year $4,265,000.00 Liabilities $4,265,000.00 End of Year $0.00 Difference All Funds _ether Liabilities = Outstanding End of Year $0.00 Liabilities $0.00 End of Year $0.00 Difference All Funds Fiscal Year 2001 $0.00 Page 2 of 3 $0.00 $0.00 OSC Municipality Code 500342300000 Fiscal Year 2001 Page 3 of 3 OSC Municipality Code 500342300000 02/26/2002 Town of Ithaca Financial Edit Listing :apital Notes Revenues = Capital Notes Issued Revenues Issued Difference All Funds $0.00 $0.00 $0.00 -Iond Revenues = Bonds Issued Revenues Issued Difference All Funds $0.00 $0.00 $0.00 Capital Notes Principal = Capital Notes Redeemed Principal Redeemed Difference All Funds $0.00 $0.00 $0.00 Bond Principal = Bond Redeemed Principal Redeemed Difference All Funds $520,000.00 $520,000.00 $0.00 Fiscal Year 2001 Page 3 of 3 OSC Municipality Code 500342300000