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2004 Annual Report Submitted to the NYS Comptroller
pro 7yA1 All Numbers in This Report Have Been Rounded To The Nearest Dollar ANNUAL FINANCIAL REPORT UPDATE DOCUMENT For The TOWN of Ithaca County of Tompkins For the Fiscal Year Ended 12/31/2004 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 Local Government Services and Economic Development Albany, New York 12236 Pagel 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 2003 and has been used by the OSC as the basis for preparing this update document for the fiscal year ended 2004: (A) GENERAL (B) GENERAL TOWN -OUTSIDE VG (DB) HIGHWAY -PART -TOWN (FX) WATER (G) SEWER (H) CAPITAL PROJECTS (K) NON-CURRENT GOV ASSETS (SF) FIRE PROTECTION (SL) LIGHTING (TA) AGENCY (V) DEBT SERVICE (W) NON-CURRENT GOV LIABILITY All amounts included in this update document for 2003 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 For the Fiscal Year Ending 2004 (A) GENERAL Balance Sheet Assets Cash InTime Deposits 1.ee1.937 A201 1,76 1,413 Petty Cash 600 A210 600 Accounts Receivable 16,751 A380 6,635 7,215 Due From Other Funds 0 A3 0 ---'------���333,648 A440 2*8,000 Page 3 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (A) GENERAL Balance Sheet ail ] Scri rEs 3`°f :FtlP i�� 200c1 ' 2003 Liabilities And Fund Equity Accounts Payable 2,746 A600 92,488 A601 57,552 Reserve 233,606 A870 270,59 703,317 A910 932,760 unracan,ad Fund Balance Unaooroariated 1,541,190 A911 Page 4 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (A) GENERAL Results of Operation VERNON.;, ,.,T Detail Revenues And Other Sources Real Property Taxes 975,528 A1001 1,052,475 x._.._975,528'.:M._ .W..- w�1052.47� Other Payments In Lieu of Taxes 3,945 A1081 17,216 Interest & Penalties On Real Prop Taxes 10,924 A1090 12,857 Non Prop Tax Dist By County 384,898 A1120 248,000 { Clerk Fees 3,914 A1255 4,422 Other General Departmental Income 20,557 A1289 41,423 Public Pound Charges, Dog Control Fees 4,958 A1550 1,268 Contributions, Private Agencies -Youth 0 A2070 0 Other Home & Community Services income 2,609 A2189 0 ' Youth Recreation Services, Other Govts 59,522 A2350 61,374 Interest And Earnings 33,798 A2401 31,559 Rental Other (specify) 37,304 A2440 36,370 .. # TOTAL L1se of,Money Artd Property 71102 5- �... 7 .,,,-.:.w.,>n' c..,. >..... _.3..h.... ,l T _..: ._.r ,. ,.._. _ _...,. >�....,_, `i .y �_.� .ei t:.u.!_...F.0 ..-.f,...,.t..a=..r Bingo Licenses 283 A2540 396 Dog Licenses 3,943 A2544 7,028 Fines And Forfeited Bail 221,443 A2610 229,258 Sales of Real Property 293,327 A2660 0 Sales of Equipment 5,213 A2665 0 Insurance Recoveries 2,448 A2680 170 TOTAL Sale of Property4And CompertsatiotZFor�Loss� s ^ .� _�, �.N��,... ., �. _ „ [ � ._ px „ Refunds of Prior Year's Expenditures 9,980 A2701 72,428 Unclassified (specify) 28,733 A2770 1,139 St Aid, Mortgage Tax 355,982 A3005 396,113 ST. Aid, Records MgmT. 7,215 A3060 19,704 St Aid Other (specify) 1,178 A3089 883 TOTAL State Aid T�TALlievenuesgP _. Interfund Transfers 232,253 A5031 204,928 TOTAL;tnterfund Transfers � r � _, ... = 2 699,955 2��3 ,011I Page 5 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (A) GENERAL Results of Operation 0Q,. �3.. �:: Detail Expenditures And Other Uses Legislative Board, Pers Sery 43,777 A10101 45,420 Legislative Board, Contr Expend 1,039 A10104 2,575 . O�.�y TAL i:4Nh+•st'3v,..dtmY�}....� ... n....e'.�.-"F. M"£.. 3, s. ._..u_x. s._ .:... .. .. .....w... ._.__.,.. Municipal Court, Pers Sery 106,376 A11101 115,522 Municipal Court, Equip & Cap Outlay 694 A11102 "0 Municipal Court, Contr Expend 133,802 A11104 166,551 Supervisor,pers Sery 46,927 A12201 46,757 Supervisor,equip & Cap Outlay 1,888 A12202 0 Supervisor contr Expend 840 A12204 1,805 c.- ai-^,x''7 rzz.,nt, ,s''"'-. Ln .. "`r, r- t -•z« j .c- �da'":'trh v x� cx� 4.4 , 2�1 $ s Auditor Contr Expend 8 200 A13204 153 :-�-�--•-�-�"'`�"�"_" ,� �. � -'��" � ,� �, �, � {� 8 20 �� � � � � 7163`. Tax Collectiori,pers Sery 14,070 A13301 10,012 Tax Collection,contr Expend 5,231 A13304 2,332 :w -acts +y«..' S i r R ✓ :'X :e.T` '"�: 5 ,. „-z' 2 '. ` i � R -�'^2 izf 984 Budget, Pers Sery 96,000 A13401 98, 4 Budget, Equip & Cap Outlay 0 A13402 0 Budget Contr Expend 2,081 A13404 1,535 . i`. .+5, ho. . ,# 4 e i . .: �.. .7_w.Y. � ✓..^F.J i 1, A. ..�., .. St.x 1 ..1 Clerk,pers Sery 100,142 A14101 122,813 Clerk contr Expend 5,044 A14104 7,170 Law Contr Expend 28 146 A14204 22,544 Personnel, Pers Sery 91,339 A14301 93,645 Personnel,equip & Cap Outlay 0 A14302 0 Personnel Contr Expend 6,153 A1430 02 4 1 _., s.,...._1 .:..v ....a...r.L_r.�s....h _..,_ M ...,.x .,__.�...1 ..., _ ,.. -..f. .. ...4:.:. _..., ,.. r. -.... _ ..._.._ .. Engineer, Pers Sery 178,910 A14401 171,028 Engineer, Equip & Cap Outlay 25,772 A14402 918 Engineer Contr Expend 9,640 All 4404 11,144 r hti s `6; 214322 TOTAL Elections, Contr Expend 6,347 A14504 16,084 TOTAL"i=lections16,084; ._......:..._s...._...�_. Records Mgmt, PerS. SerV. 53,997 A14601 57,964 Records Mgmt, Equip & Cap Outlay 0 A14602 0 Records Mgmt, Contr Expend 21,043 A14604 13,059 75,040 ?_ Buildings, Pers Sery 33,241 A16201 25,764 Buildings, Equip & Cap Outlay 3,389 A16202 4,214 Buildings, Contr Expend 53,378 A16204 62,618 TOTAL Btilldtngsz r x r T a a r 90,��8 92,rJ96 Central Comm System, Contr Expend 4,439 A16504 3,757 TOTAL Cen#ral`Comm System; 4 ` „4,439£ 3,7571 Page 6 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (A) GENERAL Results of Operation Detail Expenditures And Other Uses Central Storeroom, Contr Expend 1,681 A16604 1,529 TOTAL Central Print & Mail, Equip & Cap Outlay 0 Al 6702 0 Central Print & Mail,contr Expend 8,951 Al 6704 7,812 TOTAL Central Pri to & Maii 8,951 _..� . _.. _ _: s... u.,.. ... _9 1' � .a.:, x..� Central Data Process & Cap Outlay 16,308 Al 6802 11,938 Central Data Process Contr Expend31652 Al 680 23,543 4 30,805 Unallocated Insurance Contr Expend FOTA Unallocated Instliance � �° .. �•� ^' . _ _� _ .._ ..u. ,._ _ � .. '..,. ;' _._.., 5:031_ ,�� < � �,. ,i,� �., ., 30 05 F Municipal Assn Dues Contr Expend 2 466 A19204 1,500 x2,466 y� 1;5001 TOTAL NluniclpalAssn Dues _ z 75,712 A19404 11 Pur of Land/right of Way, Contr Expend 472 Taxes & Assess On Munic Prop, Contr Expend 21,161 A19504 4,259 ....... ...... _...... 16,181 A31201 16,0 7 Police, Pers Sery Street Admin, Pers Sery 0 166 Police Contr Expend Street Admin; Contr Expend 4,642 A50104 3 4.z _1204 . TOTAL Street Admin , Expen 4,543 A33104 11,026 Traffic Control, Contr 25,268 Garage, Pers Sery � 11,026 TOTAL Traffic Control ^' w.. _.. _ ..... w, . 12,123 .,<.., _--w, ....:. z,__. _.�_. _ , 22,920 5104 22 920 Control of Animals, Contr Expend 70TALGarage' W. TOTAL Public Safety _ 101,594 A50101 105,799 Street Admin, Pers Sery Street Admin, Equip & Cap Outlay 0 A50102 1,497 Street Admin; Contr Expend 4,642 A50104 3,231 4.z 106p236k 110,5271 TOTAL Street Admin , 43,593 A51321 25,268 Garage, Pers Sery Garage, Equip & Cap Outlay 3,692 A51322 12,123 Garage, Contr Expend 88,390 A51324 53,332 135,675: 90,723 70TALGarage' 33,161 A51824 34,557 Street Lighting, Contr Expend Recreation Admini, Pers Sery A70201 20,519 Recreation Admini, Contr Expend A70204 116 TOTAL �ecreationAdmmi 20,635! Parks, Pers Sery 124,845 A71101 136,395 Parks, Equip & Cap Outlay 23,624 A71102 29,205 Parks, Contr Expend 30,899 A71104 150,934 {179,36> 316,5 Playgr & Rec Centers, Contr Expend 0 A71404 TOT►Llaygr &Rec C17 enters',�_ Page 7 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (A) GENERAL Results of Operation _ Detail Expenditures And Other Uses Joint Youth Prog Contr Expend 257,992 A73204 201,659 Historian, Pers Sery A75101 750 Historian, Contr Expend 8,400 A75104 2,756 Celebrations Equip &Cap Outlay 2 136 A75502 1,360 Misc Home & Comm Serv, Contr Expend 33,744 A89894 23,750 State Retirement System 130,630 A90108 0 Social Security, Employer Cont 81,061 A90308 82,673 Worker's Compensation, Empl Bnfts 19,720 A90408 14,837 Life Insurance, Empl Bnfts 1,808 A90458 2,012 Unemployment Insurance, Empl Bnfts 0 A90508 1,633 Disability Insurance, Empi Bnfts 4,560 A90558 5,361 Hospital & Medical (dental) Ins, Empl Bnft 126,873 A90608 142,063 TOTAL"Expenditures 2,429,875 2,3n 7,287 1 Transfers, Other Funds 2,000 A99019 224,800 Transfers, Capital Projects Fund 5,520 A99509 0 K5 2 TOTAL Detailpendit res AndOiherUss �. j� 2,437,39 _ 42 087 Page 8 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (A) GENERAL Changes in Fund Equity Mtnicer ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity -Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity -End of Year 2,215,553 A8021 2,478,113 2,215,553 A8022 2,478,113 2,699,955 2,439,011 2,437,395 2,542,087 2,478,113 A8029 2,375,037 Page 9 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (A) GENERAL Budget Summary Estimated Revenues And Other Sources Est Rev - Real Property Taxes Al 049B 1,052,475 1,052,475 0 1,293,091 Est Rev - Real Property Tax Items Al 099B 12,600 30,073 17,473 17,216 Est Rev - Non Property Tax Items Al 199B 304,900 248,000 -56,900 201,969 Est Rev - Departmental Income A1299B 33,800 47,113 13,313 6,500 Est Rev - Intergovernmental Charges A2399B 57,762 61,374 3,612 57,762 Est Rev - Use of Money And Property A2499B 56,800 67,930 11,130 57,076 Est Rev - Licenses And Permits A2599B 2,010 7,424 5,414 2,410 Est Rev - Fines And Forfeitures A2649B 205,000 229,258 24,258 189,000 Est Rev - Sale of Prop And Comp For Loss A2699B 0 170 170 0 Est Rev - Miscellaneous Local Sources A2799B 170,000 469,678 299,678 220,000 Est Rev - Interfund Revenues A2801 B 204,928 204,928 0 201,012 Est Rev - State Aid A3099B 206,485 20,587 -185,898 5,323 Est Rev - Federal Aid A4099B 0 0 0 0 TOTALiEsbmatedRevenues 2,306,760 2,439.0 132,250 2,251,3591 Estimated - Interfund Transfer A5031 B 0 0 0 0 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 707,817 113,571 -594,246 932,760 Page 10 OSC Municipality Code 500342300000 TOWN OFIthaca Annual Update Document For the Fiscal Year Ending uuuw (A) GENERAL Budget Summary FSiPwl MEN Appropriations And Other Uses /�p'Gonom|GuvemmonuGuppn� Al 999B 1.214`e50 1.203.85e 10.794 �.uou.000 App 'Education xeeeeo u o o o ��p'puu/�o�o� x00000 esauo . so�ue . 4eee1 . re.^uo App 'Health x499eB 15.000 5.1e4 e.e46 7.e00 App 'Transportation Aaeaeo 242.e20 235.807 e.713 248.450 App ' Economic Assistance And Opportunity Aaeewa o o u o App ' Culture And Recreation *rooeo 904J37 5e5.16e 34e.572 e83.819 App ' Home And Community Services A8eeeo 23.7e0 23.750 o 23,900 App ' Employee Benefits A91990 390.100 2*3.425 146.e75 483.350 App ' Debt Service A98e9B O O 0 V 48, App - Interfund Transfer A9999B 128,000 235,295 -107,295 436,771 Page 11 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (B) GENERAL TOWN -OUTSIDE VG Balance Sheet OWN tj�� k"IF-4; 45 00 Fly' Assets Cash In Time Deposits 235,049 B201 199,870 Accounts Receivable 0 8380 0 -7711 TOTAL Other 0 Receivables R 0 Due From Other Funds 0 8391 Due From Other Governments 0 B440 U 7 Prepaid Expenses 140 B480 45,766 Page 12 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (B) GENERAL TOWN -OUTSIDE VG Balance Sheet Liabilities And Fund Equity Accounts Payable Liabilities 399 B600 46,054 8601 Fund Balance Appropriated 188,736 B910 98,631 Fund Balance Unappropnated 911 Page 13 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (B) GENERAL TOWN -OUTSIDE VG Results of Operation .Mode sc do � � �k a 7: wim' w,4 c Pimm- hna 1 Detail Revenues And Other Sources Sales Tax (from County) 386,608 61120 428,700 Franchises 65,552 131170 64,455 Zoning Fees _ -55,009 82110 62,440 Planning Board Fees 4,477 B2115 17,464 rt� Youth Recreation Services Other Govts 0 B2350 0 Interest And Earnings 1,650 B2401 958 x TOTAL Use of Money And Property 958 Insurance Recoveries 646 B2680 170 Other Compensation For Loss 5,329 B2690 0 .,•. �,w-_. � _ e., .....� �sa-. ..-e+shw::`a _ n :� Y.. :... _ .e- s .. _ ..xv..i� ..-... ..-_. .. .. .F�.x,. c ....tt_._.`s- "a. tl.., _ ^S L. ..-..... .. F..., ..a.. Zac.._. l S.�•i. a-t.ao.. Refunds of Prior Year's Expenditures 2,120 82701 16,235 Unclassified (specify) 0 B2770 6,250 TOTAL Rd_ Local Sources g } , s 2120,�fX 'ss _7 < z22,4» St Aid, State Revenue Sharing 72,096 B3001 68,461 665,1�� Interfund Transfers 0 B5031 0 :^ TOTAL Interfund Transfers x { M �--"U TOTAL Other ur . _. .... _ +.. ....».., t... ..+.�, Y.._......! ._.__..... Y ... . . ... ..... _._ _._ .-. S> ..,z, ..i.._.. r ., .. a._ a ...L , z_«... ...._s . ..h...u.._ti..0 0.�. ._S.. -s_ . i:T.'�........s._.... O, TOTAL,petall Revenues And Page 14 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (B) GENERAL TOWN -OUTSIDE VG Results of Operation raw eta w �. Qty` . f 20 Detail Expenditures And Other Uses Dir of Finance, Contr Expend 1313104 Auditor Contr Expend 800 613204 1,207 Law, Contr Expend 29 840 614204 67,546 r 29 840 Central Comm System, Contr Expend 2,331 1316504 1,752 Central Print &Mail, Contr Expend 1 802 616704 2,239 TOTAt:�Gentral �rtnt & Mair � � x ' � � {` � �,,_ � .�` � iC 802 j ��.9,� � •. � ��. 2,239 Central Data Process &Cap Outlay 0 816802 3,145 Central Data Process, Contr Expend 6,916 616804 6,903 r 8 Administration -Contractual 0 1317104 0 p..a..wex are.,�n-x�,wc� n¢�.�',.a.c:�a: -.�- ,,t.z.:r ,..^.r ... _.,.::.,.r�a4_._ <.:�_ 4... �v:x;�.<.. . _... �✓��`=s„<,4va.z a..���...G'fi,.•`...�.�>�,.�2 .-_..:tN>... ..,.. � .�..::+�„ ,<x�»_._��,..s� ^colo Unallocated Insurance Contr Expend 9 350 1319104 9,665 Street Admin, Contr Expend 0 B50104 6,257 Playgr & Rec Centers, Pers Sery 0 B71401 Playgr & Rec Centers, Equip & Cap Outlay 0 B71402 Playgr & Rec Centers, Contr Expend 0 B71404 Zoning, Pers Sery 135,816 B80101 143,914 Zoning, Equip & Cap Outlay 0 B80102 227 Zoning Contr Expend 4,891 B80104 6,712 150 853 z ..,.a 251,888 5 234,086 B80201 1,888 Planning, Pers Sery Planning, Equip & Cap Outlay 17,131 B80202 667 Planning Contr Expend 9,403 B80204 13,448 Environmental Control Contr Expend 43 873 1380904 445,204 q �- ....r State Retirement, Empl Bnfts 32,420 B90108 0 Social Security, Empl Bnfts 28,215 890308 30,180 Worker's Compensation, Empl Bnfts 3,560 B90408 2,686 Life Insurance, Empl Bnfts 679 B90458 810 Disability Insurance, Empl Bnfts 1,741 B90558 2,093 Page 15 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (B) GENERAL TOWN -OUTSIDE VG Results of Operation qF Detail Expenditures And Other Uses Hospital & Medical (dental) Ins, Empl Bnft 47,147 B90608 57,325 TOTAL Em to ee Benefits �1 a 113,752' r W {y 693,094 TOTAL Expenditures w 61D 001 yn 608664 Transfers, Other Funds 52,902 899019 33,476 Transfers, Capital Projects Fund B99509 'TOTAL Operating'firansfers � `� � � '� .� Bpi 62,902p TOTAL Qther Uses 4 YfE it.-. TOTAL Detail Expenditures And Other Uses 662,903 t z = ` s c..___.._e .�:..... v.. .._. :a._..._...:...'...�.�.._._....__.... �.._.. ._.._._..�.___ .. ..,.. .�........x... z.�.s.��.. _._,_n��... ._s _:' Y .....h .._... .�..,.i. �_...c..._..c...:...�..........�.J.__s.evu_. _..�._,:.:.. r.t.�.._._. ..,�_� 140': Page 16 OSC Municipality Code 500342300000 (B) GENERAL TOWN -OUTSIDE VG Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 258,152 B8021 188,736 258,152 B8022 188,736 593,487 665,133 662,903 642,140 188,736 B8029 211,729 Page 17 OSC Municipality Code 500342300000 TOWN OFIthaca Annual Update Document For the Fiscal Year Ending 2004 (B) GENERAL VG Budget Summary Estimated Revenues And Other Sources' Est Rev ' Real Property Taxes B1049B o V n o Est Rev ' Real Property Tax Items Bi 099B o u n o Est Rev ' Non Property Tax Items 131 199B 4e0.700 4e3.155 12.455 529,265 Est Rev ' Departmental Income s12eeo 58,000 79.904 21.e04 63,000 soT.nev.'Intergovernmental Charges souono o o o o Est Rev ' Use ofMoney And Property o249ea 1.000 eae '41 aoo Est Rev ' Licenses And Permits ousneo o o o o Est Rev 'Fines And Forfeitures sus*oo o n n n Est Rev ' Sale o,Prop And Comp For Loss oaooea o e.*uo e.420 n Est Rev -Miscellaneous Local noum ou7noe o 1eno .cos 16,235 o Emnm~|n»e�undRevenues oouo�o o o o o Est Rev -State Aid oouenB 70.000 6e.4e1 '1.539 72.000 Est Rev ' Federal Aid o40e9B n o o o Page 18 OSC Municipality Code 500342300000 TOWN OFIthaca Annual Update For the Fiscal Year Ending 2004 (B) GENERAL VG Budget Summary Appropriations And Other Uses App ' General Government Support B199eB 62.795 92.457 -29.663 51.260 App ' Public Safety o3999e o o o o App 'Health o4e990 n o n o App 'Transportation oaeoeo 50,000 n 50,000 o App -Economic: Assistance And Opportunity oeoeno n o o o App ' Culture And Recreation o79e90 o o o o App ' Home *huCommunity Services suoeoB *47.700 423.114 24.586 4e9.300 App ' Employee Benefits o91eeo 148.100 93,093 55.007 210.400 App ' Debt Service ' seuaeo o o o o 9,931, o�e,Buugo��pu�000s BSOoB o O O o App '|nterfundTransfer B9999B 33.476 33.476 0 32'436 Page 19 OSCMunicipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (DB) HIGHWAY -PART -TOWN Balance Sheet a _` 3�" d ,Go • 2004 I.. Acle cri t►P.. _; , OQ. _ p Assets Cash In Time Deposits Petry Cash 190,596 DB201 200 DB210 316,867 200 1 00-�a � Y19 96 3 Accounts Receivable � 4,040 XDB3 0 Due From Other Governments a 212,303 D6440 190,000 212,303 00 = T(�'TALdDue From Other'Governmentst Prepaid Expenses 0 D0480 78 637 �OTAL 26,784 Cash Special Reserves 7,802 DB230 .Page 20 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (DB) HIGHWAY -PART -TOWN Balance Sheet WHY Liabilities And Fund Equity Accounts Payable15,997 DB600 0 . . ........ 83,265 . 1. DB601 38,961 7,802 DB878 26, 443,706 . DB910 780,056 -135,829 DB91 1 -Z66,zij d Fund Balance UnaDDrooriated Page 21 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (DB) HIGHWAY -PART -TOWN Results of Operation Detail Revenues And Other Sources Sales Tax (from County) 1,628,181 DB1 120 1,913,040 TATN_on Property Items _ .. , v 1,628,181 � 1,913,040 Transportatio osna- Transportation Services, Other Govts 34,732 DB2300 50,989 TOTALIatergovernmenglCharges' Interest And Earnings2,834 DB2401 1,384 TOTAL Useof. Sales of Equipment 21,116 DB2665 46,892 Insurance Recoveries 3,797 DB2680 719 TOTALSate of Property And Compensalon` For Loss' x 24,913 Refunds of Prior Years Expenditures 9,792 DB2701 64,659 Unclassified (specify) 0 DB2770 0 9 79 2- ,, St Aid, Consolidated Highway Aid 60 105 DB3501 51 183 TOTAL ALe-Sla '�A TOTAL -Revenues _ 'j Interfund Transfers 37,635 DB5031 0 ........... ......... 0i ilnterfund Transfers TOTAL, T'OTAL�aet ir Elevenses 2,1 — –i-- w — Page 22 OSC Municipality Code 500342300000 TOWN OFIthaca Annual Update Document For the Fiscal Year Ending 2uuw (DB) HIGHWAY -PART -TOWN Results of Operation Detail Expenditures And Other Uses eusn Da17104 33.101 Administration -Contractual -Contractual' 39,499 .6ontr Expend 37,617 DB19104 Unallocated Insurance, -----------� __�_� D�51�cU �u�4 � o345,776m �atnxa�oe�.pmnoam Ma\nLofSt�m'CnnurExpnnu m �ueeao oo5110* ' 143.e5e ....... --51121 80,206 improvements, Pers Gom Ponn|mpmvoHiQhwuy.ComzExpenu uo71on oo51124 . uoo/�4 ' 62,873 DB51301 61,553�a�mompvmsam Machinery, Equip &Cap Outlay 1e8,223 mo51302 174,382 1�7n44 moe�uou ee.o4s Machinery, Cor�rExpend . 3 8 140 7O _e24 D��14�1 Ou.V4s ��A�������� And Weeds, Contr Expendied156,442 14,539 DB51404 19,548Brush DB51421 128,382Snow Removal, Pers Sery Snow Removal, Equip & Cap Outlay Snow Removal, CvntrExpend State Retirement, Empi Bnfts Social Security, Empl Bnfts Worker's Compensation, Emp Bnfts Life Insurance, Emp\Bnfts Unemployment Insurance, smplonfts Disability Insurance, smp\onno Hospital uMedical (uomu|) Ins, smp|onb o oo51422 o 98,719 DB51424 76,404 150,85oo90108 52,200 oB90 308 57.67e DBe0408 2.021 oee0458 2,20 ooe050 4,189 oo90558 173,459 DB90608 51,795 52,445 2,224 10,480 4,78m 190,656 1,837i 2; 52,902 DB99019 33,476 Transfers, Other Funds Transfers, Capital Projects Fund DB9950 ` Page 23 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (DB) HIGHWAY -PART -TOWN Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 487,732 DB8021 315,679 Restated Fund Equity - Beg of Year 487,732 DB8022 315,679 ADD - REVENUES AND OTHER SOURCES 1,798,192 2,128,866 DEDUCT - EXPENDITURES AND OTHER USES 1,970,245 1,870,918 Fund Equity - End of Year 315,679 DB8029 573,627 Page 24 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2uu4 (DB) HIGHWAY -PART -TOWN Budget Summary Estimated Revenues And Other Sources Est Rev ' Real Property Taxes DB104eB 1.472.300 1.e13,040 440J40 2.012,000 Est Rev ' Real Property Tax Items oo10990 n o o o Est Rev ' Non Property Tax Items mo119eo u o o o Est Rev ' Departmental Income os12990 o n o o soT.naV.'Intergovernmental Charges osoueeo 64.000 50,989 '13.011 47.000 Est Rev ' Use ofMoney And Property oa2499a 2,300 1.384 '91e 1.000 Est Rev ' Licenses And Permits 000mono o o o o Est Rev ' Fines And Forfeitures oo2649s o o o o Est Rev ' Sale ofProp And Comp For Loss DooeoeB 50,000 47.611 'o.une 15.000 Est Rev ' Miscellaneous Local. Sources og27eeo suo e4.eee e4.1e9 soo Est Rev '|marfunuRevenues oo28010 o o o 245,000 Est Rev ' State Aid ognoeoe 50,000 e1.183 1.183 60,000 Est Rev ' Federal Aid DB4098B O O `639,1 o ues EstimatedWheitedReven _o Appropriated Dos11a u o n Obligations Authorized ooauoo n n o u Estimated ' Proceeds of Obligations os579eo n o o _ o Appropriated Fund Balance DB599B 443,706 -257,951 -701,657 -233,213 7xmm77 7:«�^"��w���me��==~==�°,�^�.`... Page 25 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (DB) HIGHWAY -PART -TOWN Budget Summary Appropriations And Other Uses App -Transportation DB5999B 1,612,130 1,525,053 87,077 1,669,451 App - Home And Community Services DB8999B 0 0 0 0 App - Employee Benefits DB9199B 437,200 312,386 124,814 444,400 App Debt Service DB9899B 0 0 0 0 "'" �" F 2�fl49 330 '1,837,439 � �t 211 891 �`J �2,115,851 Other Budgetary Purposes DB962B 0 0 0 0 Interfund Transfers DB9999B 33,476 33,476 0 33,436 Page 26 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (FX) WATER Balance Sheet ebesen tion`:* x �: "s '�. � �.�-�.. ��" � ".--'. ,��.� ` ,.•. � OP Assets Cash In Time Deposits 152,609 FX201 290,008 x 13 609 � 7-- TOTAL Cash �' _ .,. _4.r Water Rents Receivable 140,569 FX350 108,727 Accounts Receivable 288 FX380 1,621 x a 7`z s r...i40,89 Due FromOtherFunds 0 FX391 0 a.w,.�.w.� .,-.,�,�.k�.wtr,..z.,. _.,....� :......�.v......� __._ ..:..1.... .., ,._::... .... n<w_.�.�_.'. �......_..,� t..�: ....r., u..,.. _,...M ... .,..._.. _ Due From Other Governments 4,718 FX440 1,531 DOTAL Due From Other Governments Prepaid Expenses 140 FX480 12,827 Page 27 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (FX) WATER Balance Sheet 10 -7270:0 Liabilities And Fund Equity Accounts Payable2,281 FX600 0 Accrued Liabilities 12,134 FX601 110,845 Percentages, FX605 Revenues 4,719 FX691 Unreserved Fund Balance Appropriated 33,521 FX910 - 120, 245,669 . FX911 419,429 Page 28 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (FX) WATER Results of Operation 20(13 tl Cotl 200} ". Detail Revenues And Other Sources Special Assessments Ad Valorem 403,646 FX1028 492,734 Metered Water Sales Water Service Charges Interest & Penalties On Water Rents 1,376,445 FX2140 1,595,340 12,071 FX2144 14,640 25,421 FX2148 13,165 Other Home & Community Services Income 0 FX2189 0 sc v�—w—P 7 0-.�^',_� ^`s 'o'r's"^ Y:_ 1..., ✓ a �'' ...d 1y413,93. T01 AL Departmental Ira'come �< . Service For Other Govts 522 FX2378 443 mr-•.4 "5''v" ----x- 3u Ti e. "iT'*i 5... '4^+'" `s `.�--t+ ".."'� cA+ � I TOTpL�lrttergo�emmentat�Charges .. _ ! E �t ` ` . � ...... _. Interest And Earnings 2,153 FX2401 1,648 TOTAL Use of Money And Property Insurance Recoveries 200 FX2680 0 caexsx-..x-c z t .'3_ �„a. -a >--�^x a.- S `' -.. ♦ '�i:, .J "t a � ,.. x a'' Refunds of Prior Year's Expenditures 83,901 FX2701 2,447 TQ__ AL Local Sours sr . , R 83,901x" " 2,447 TOTAL Interfund Transfers 19,571 FX5031 55,324 TOTAL Other Sources TOTALDeta I Revenues And �k Page 29 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (FX) WATER Results of Operation z" ; }A . Qa3 �dpCOdA�20 ' Detail Expenditures And Other Uses Credit Card Fees 0 FX13754 0 Law, Contr Expend 13,726 FX14204 19,996 Central Print &Mail, Contr Expend 0 FX16704 1,688 Central Data Process & Cap Outlay 1,506 FX16802 400 Central Data Process, Contr Expend 9,166 FX16804 6,281 TOTALCentral Data Process w v_. 10,672 y_.x ., . , _ .,x,., 6,687 Administration -Contractual 9,186 FX17104 0 Unallocated Insurance, Contr Expend 15,163 FX19104 12,834 Water Administration, Pers Sery 30,958 FX83101 31,614 Water Administration, Contr Expend 862 FX83104 0 TOTAL Water Administration31,820 31,614 _ .._. Water Trans & Distrib, Pers Sery 72,537 FX83401 123,175 Water Trans & Distrib, Equip & Cap Outlay 12,641 FX83402 91,767 Water Trans & Distrib, Contr Expend 130,513 FX83404 144,170 TOTALWa et r trans &Distrib r m " 215,697 359,112 � ..... _ a>-... .. .. .. _.._�..._ . ._ c Common Water Supply, Contr Expend 1,301,923 FX83504 1 246 036 TOTAL' Common Water- SuQply 1;301,923 _' Y ,A.... _.....7,246,036 Other Water, Contr Expend 0 FX83894 0 ice^ Tom`- -r-"b � £S � �• i �Yt TOTAL Home And Community Services 9,549,434 9,636,7821 ..._.._ x _.,._. , :. ..w_. , _.,. ,. �..... .. __ _ ..,.. _ �_ State Retirement, Empl Bnfts 2,160 FX90108 0 Social Security, Empl Bnfts 7,856 FX90308 11,848 Workers Compensation, Empl Bnfts 3,367 FX90408 4,072 Life Insurance, Empl Bnfts 49 FX90458 54 Unemployment Insurance, Empl Bnfts FX90508 816 Disability Insurance, Empl Bnfts 127 FX90558 144 Hospital & Medical (dental) Ins, Empl Bnft 4,604 FX90608 4,933 TOTA mE pioyee Benefits TOTAL Expenditures` _ -.. Transfers, Other Funds 394,298 FX99019 455,842 Transfers, Capital Projects Fund 0 FX99509 TOTAL Operating Transfers 394,298 x 455,842 TOTALOt�i'er'Uses„ ' 394,298 455,842] TOTAL Detail Expenditures 7 2,155,670.; Page 30 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (FX) WATER Changes in Fund Equity Y, ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 365,902 FX8021 279,190 Restated Fund Equity - Beg of Year 365,902 FX8022 279,190 ADD - REVENUES AND OTHER SOURCES 1,923,930 2,175,741 DEDUCT - EXPENDITURES AND OTHER USES 2,010,642 2,155,670 Fund Equity - End of Year 279,190 FX8029 299,261 Page 31 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (FX) WATER Budget Summary §�d f1i 'd RM314=710 10 P9 d... ser Estimated Revenues And Other Sources Est Rev - Real Property Taxes FX1 049B 486,734 486,734 0 485,477 Est Rev-' Real Property Tax Items FX1099B 6,000 6,000 0 6,000 Est Rev- Departmental Income FX1 299B 1,522,000 1,623,146 101,146 1,522,000 Est Rev -Intergovernmental Charges FX2399B 2,000 442 -1,558 1,000 Est Rev - Use of Money And Property FX2499B 1,600 1,648 48 1,200 Licenses And Permits FX2599B 0 0 0 0 Est Rev - Sale of Prop And Comp For Loss FX2699B 0 0 0 0 Est Rev -Miscellaneous Local Sources FX2799B 0 2,447 2,447 0 Est Rev - Interfund Revenues FX2801B 0 0 0 0 Est Rev - State Aid FX3099B 0 0 0 0 Est Rev - Federal Aid FX4099B 0 0 0 0 W 1 Z- 083 ;e R , t Estimated - interfund Transfer FX5031B 0 55,323 55,323 0 Appropriated Reserve FX511B 0 0 0 0 Obligations Authorized FX530B 0 0 0 0 Estimated - Proceeds of Obligations FX5799B 0 0 0 0 Appropriated Fund Balance FX599B 33,521 -20,070 -53,591 -120,168 Page 32 OSC Municipality Code 500342300000 TOWN QFIthaca Annual UDocument For the Fiscal Year Ending 2004 (FX) WATER Budget Summary Appropriations And Other Uses App ' General Government Support RU999B 33.830 41.199 -7,369 35.886 App -Home And Community Services FXaeone 1.599.400 1.e36.7e2 '37.362 1.411.300 App ' Employee Benefits pXe1eeo 1e.2e5 21.867 'a.omc e4.480 App ' Debt Service FX98998 u o O o Page 33 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (G) SEWER Balance Sheet • -� � . � dpi Assets Cash In Time Deposits 747,313 G201 2,454,991 �� � -� ,, � � �,--x---. �„ y � � � r � ,� �• � { � � � 345 99 F�� -OAL�•GaSh��...,xs....�»...::.�r.��',,.��F,,,,.�.<n.:'r:.,,�.�.>�`�........:�°`'.��,.�.���.,.,�,.,...��..�.�_ .:�-�°.,� �.,.:�- �a...`��74-,:-.�:.�.. ,r. .x. --a,� � �:_,.� Sewer Rents Receivable 211,754 G360 153,419 Due From Other Funds 2,082,452 G391 0 TOTAL Due From Other�Funds � `.,'�'� �.�,7� � �'_ �• r� °� � �.� x� 2,082,452 � �'�- ' � ' = 0•= Prepaid Expenses 140 G480 7,514 Page 34 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (G) SEWER Balance Sheet pd@#1�8SCrlp s0 _X �� z� z 1206'3 Liabilities And Fund Equity 0 0 Accounts Payable 4 864 G60 TOCAL' Accounts Payable M. . ..._.... _..._.,_w r �._,....,�.,6.2 8 x � . uM,x � _.> .. ,__...M_ # -778, 64 7,216 Accrued Liabilities 778 029 G601 TOTALAccrued'Liabliittes 2 _��_v_ _�.. .... G605 Retained Percentages, Cont Pay 13,48i To Other Funds AL W"TU Other Func To Other Governments Balance ed Fund Balance 0 E 6630 0 0 ~G631 G910 f✓ d 2,258,766 G911 1,91 194 Page 35 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (G) SEWER Results of Operation pp Detail Revenues And Other Sources Special Assessments 529,179 G1030 468,375 �7 Sewer Rents 1,291,951 G2120 1,361,691 Interest & Penalties On Sewer Accts 16,765 G2128 7,697 Misc Revenue, Other Govts 1,691 G2389 1,613 TOTALIhtergovernmentaiChanges Interest And Earnings 42,725 G2401 29,248 TOTAL;Use of Money And h P A2 -725Z 29' , Insurance Recoveries 0 G2680 0 S Refunds of Prior Year's Expenditures 13,629 G2701 81,033 TOTAL Mid'6611andob-6Local "' 4-19 0 ,' - Tdfr 95 Interfund Transfers 0 G5031 2,752 ,7- v,27TOTAL DetailiRevenues And Other Sources K y 1,895,940 52 91 11;252 40 Page 36 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (G) SEWER Results of Operation e.D" SCTA R, Ms tr`.,_ 5 ' 2Q03xxdP ear . �a 20Q7r Detail Expenditures And Other Uses Administration -Contractual 41,613 G17104 36,052 Sewer Administration, Pers Sery 17,582 G81101 18,378 Sewer Administration, Contr Expend 560 G81104 145 r 8 2� 18 ,523 Sewer Administration TOTAL G90458 . �.. .. .._ _ -,_-- ..4 . Sanitary Sewers, Pers Sery 46,044Y G81201 40,024 Sanitary Sewers, Equip & Cap Outlay 12,641 G81202 84,208 Sanitary Sewers, Contr Expend 915,119 G81204 222,869 Joint Sewer Project, Contr Expend 1,086,225 G81504 699,752 State Retirement, Empl Bnfts Social Security, Empl Bnfts Worker's Compensation, Empl Bnfts Life Insurance, Empl Bnfts Unemployment Insurance, Empl Bnfts Disability Insurance, Empl Bnfts Hospital & Medical (dental) Ins, Empl Bnft 2,160 G90108 0 4,862 G90308 4,457 4,626 G90408 6,958 49 G90458 54 G90508 681 126 G90558 144 4,604 G90608 4,933 TOTAL'Employ Benefits x r 15,427£ 17,227a 70TA4Expenditur Transfers, Other Funds 501,278 G99019 497,293 Transfers, Capital Projects Fund 0 G99509 TOT LOperating Transfers x01,278' 49T,293 U1,278.7'2 49 X93 TOTAL Detail Expenditures And Other'Uses 2,637489^ 1,$15,948' Page 37 OSC Municipality Code 500342300000 L� TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (G) SEWER Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 3,000,315 G8021 2,258,766 Restated Fund Equity - Beg of Year 3,000,315 G8022 2,258,766 ADD - REVENUES AND OTHER SOURCES 1,895,940 1,952,409 DEDUCT- EXPENDITURES AND OTHER USES 2,637,489 1,615,948 Fund Equity - End of Year 2,258,766 G8029 2,595,227 Page 38 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (G) SEWER Budget Summary -M 1RON #� EdpCo a Or�g nai2'004dfed2ti>ffe�erCe? *A opied 2U05 Estimated Revenues And Other Sources Est Rev - Real Property Taxes G1049B 461,675 461,675 0 460,717 Est Rev - Real Property Tax Items G1099B 6,700 6,700 0 6,700 Est Rev - Departmental Income G1299B 1,347,000 1,369,388 22,388 1,347,000 Est Rev -Intergovernmental Charges G2399B 1,500 1,613 113 1,100 Est Rev - Use of Money And Property G2499B 20,000 29,248 9,248 10,000 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 81,032 81,032 0 Est Rev - Interfund Revenues G2801 B 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 B ,0 2,752 2,752 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 94,713 336,460 -431,173 676,194 Page 39 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (G) SEWER Budget Summary MEMO Appropriations And Other Uses App - General Government Support G1999B 26,630 36,052 -9,422 37,206 App - Home And Community Services G8999B 1,392,200 1,065,377 326,823 1,948,600 App - Employee Benefits G9199B 17,465 17,226 239 41,250 App - Debt Service G9899B 0 0 0 0 TOTAL Appropriations 1,436,295 ;w1118,655 --6 317,640 Z 2PlYl 5 M, Other Budgetary Purposes G962B 0 0 0 0 App - Interfund Transfer G9999B 495,293 497,293 -2,000 474,655 Page 40 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (H) CAPITAL PROJECTS Balance Sheet e$i7sSch Uo M M,>� , ..�2003`� �,Edpr2b' Assets Cash In Time Deposits 172,440 H2O1 71,044 1 T T4.A1 ?Zy44(T >. State & Federal Receivables 8,840 H410 10,957 Page 41 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (H) CAPITAL PROJECTS Balance Sheet F Liabilities And Fund Equity Accounts Payable 33 H600 0 Accrued Liabilities 1,689 H601 906 119,418 H605 nue To Other Funds 2,082,452 H630 0 @�3•'.S.:t�.:r'.,.�...sa�:"�:r:.:z,=�tt� x.:R�,3�.....u..-..::::..�. ,u:.:,zr._�.s._,�..w..--� r<xs.+�.s��.:ro-...::,...::,.:.4.,.:..N...:..:-...w....�>f_>.,......_................._...�_.___._..__. .... Unreserved Fund Balance Unappropriated 2,022,312 H911 56,514 Page 42 OSC Municipality Code 500342300000 Retained Percentages Cont Pay TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (H) CAPITAL PROJECTS Results of Operation Detail Revenues And Other Sources Interest And Earnings 9,757 H2401 3,535 A 213 H2770 739 Unclassified (specify) DOTAL Miscellaneous focal Sources A s ,.._.. St Aid, Trans Cap Grants (spec) 8,840 H3597 10,957 TOTAL m TOTAI.�ROV@nuS `15,23 Interfund Transfers 5,519 H5031 0 Serial Bonds 1,000,000 H5710 3,000,000 Bond Anticipation Notes 400,000 H5730 500,000 ::. - �• � :�- 400 0 0 �� TOTAL Proceeds'of Obligations 1, ,t 3,5 0,0 0 D 00) iOTALOtherSour s't = ^ Y �x 1,405,519 y Y ` 33,50D,000 -•^ 'ar- - i3 TOTAL 1),tall Revenues' And Other Sources f " k 1 424 329 , 3,515,231 z Page 43 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (H) CAPITAL PROJECTS Results of Operation r W. ev , Q�� .s1� Detail Expenditures And Other Uses Buildings, Equip & Cap Outlay 590,929 H16202 TOTAL�Buildi�ngs x U T�, OTAL. GeneraGovernment Support r,, dui. Highway, Capital Projects 26,071 H51972 Parks, Equip & Cap Outlay 10,177 H71102 11,006 Sewer, Equip & Cap Outlay 544,428 H81972 1,135 Water Trans & Distrib, Equip &Cap Outlay 2,329,473 H83402 896,952 �° 2329,473 �. �, 896;952 TSL°;WaTrans8 Tlistib �__..._�. aM_,< .3 ._p.. x�. .�.,... Wiz:.. �ti,�.....�.. ..�a..1 Water Capital Protects, Equip &Cap Outlay 0 3972 0 4 cn yx x� r FiB� TDTA Wafer Gapit'IP_.olectst Mkf, Home & Comm Serv. EaUiD & CaD Outlav 0 H89892 0 Transfers, Other Funds 75,851 H99019 527,312 T©lAL Ope ting fransfiers , r' ` r m d f `' _ 75,851' ' 527,312 527,3120 TOTAL Detail Expenditures And Ocher Uses �;� � � �, � �; 3,576,929 .. 3._..s .. � ,436,4x05 j .Page 44 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (H) CAPITAL PROJECTS Changes in Fund Equity „ 0 A,DesC p`itOCt ..r.. " � >: ��� . ,� r�r�,�r•' -' - ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Prior Period AdJ: Increase In Fund Equity Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year 173,059 H8021 -2,022,312 -42,771 H8012 0 130,288 H8022 -2,022,312 1,424,329 3,515,231 3,576,929 1,436,405 -2,022,312 H8029 56,514 Page 45 OSC Municipality Code 500342300000 TOWN OF ITHACA CAPITAL PROJECT FUND DETAILED BALANCE SHEET DECEMBER 31, 2004 ACCOUNT DESCRIPTION AG I WE t ULUJCU k-.LUacv TOTAL v Pew Bike Trail Trumansburg Road Sewer Imp Biggs Water Main Replacement West Hill Water Tank Imp Bostwick Road Water Tank I & Transmission Coy Glen Pumpstation & I Water Pipeline I South Hill Water Main & Transmission PROJECT CASH r,c%rr% t^co=rn r,1 ncr:n ArTIVF CASH IN SAVINGS ASSETS AG I WE t ULUJCU k-.LUacv t/L.VOCV v • •.. • . - 69,865 - - PROJECT PROJECT PROJECT PROJECT PROJECT PROJECT PROJECT CASH CASH IN SAVINGS $ 58,908 $ - $ - $ - $ - $ - $ 12,136 $ 71,044 TOTAL CASH k - rr � �" - OTHER RECEIVABLES DUE FROM OTHER FUNDS - - _ _ 10,957 STATE & FEDERAL RECEIVABLE 10,957 - - TOTAL RECEIVABLES _. _ _ TOTAL ASSETS ,. Y.._- _. _u$�3.� LIABILITIES & FUND BALANCE LIABILITIES ACCOUNTS PAYABLE ACCRUED LIABILITIES RETAINAGE DUE TO OTHER FUNDS TOTAL LIABILITIES FUND BALANCE RESERVE FOR ENCUMBRANCES UNAPPROPRIATED FUND BALANCE TOTAL FUND BALANCE TOTAL LIABILITIES & FUND EQUITY 0 906 906 24,581 24,581 .a 4$7 - - (13,351) 56,514 69,865 - - - 1-6 TOWN OF ITHACA CAPITAL PROJECT FUND DETAILED REVENUE and EXPENDITURES DECEMBER 31, 2004 REVENUE INTEREST EARNINGS $ 294 $ 84 $ 163 $ 1,392 $ 789 $ Pew Trumansburg Biggs West Hill Bostwick Road Coy Glen South Hill RESOURCES and EXPENDITURES Bike Road Water Main Water Tank Water Tank & Pump Station Water Main TOTAL 739 - - - Trail Sewer Imp Replacement Imp Transmission & Pipline & Transmission - - Main INTERFUND TRANSFERS REVENUE INTEREST EARNINGS $ 294 $ 84 $ 163 $ 1,392 $ 789 $ 504 $ 309 $ 3,535 REFUND OF PRIOR YEARS 739 - - - - - - 739 INTERFUND TRANSFERS - - - - - - " CONTRACT RECOVERY - - - - - - - STATE & FEDERAL GRANT 10,957 - - - - - - 10,957 BOND PROCEEDS - - - 1,089,500 1,350,000 560,500 500,000 3,500,000 TOTAL CAPITAL RESOURCES X11 4���� tS$�f9?92135#178 $ 56304 �Qt3�2x, EXPENDITURES ROAD CONSTRUCTION $ - $ - $ - $ - INTERFUND TRANSFERS - 2,752 28,291 241,874 104,355 150,040 - 527,312 LANDSCAPING - 1,136 - 10,245 3,190 - - 14,571 UTILITIES - - - - - - - " PARKING LOT PAVING - - - - - - " LAND & RIGHT -A -WAY - - - - - 15,237 10,000 25,237 SEWER CONSTRUCTION CONTRACT - - - - - - - " GENERAL CONSTRUCTION CONTRACT - - 3,697 - - - - 3,697 PLUMBING CONTRACT - - - - - - " HVAC CONTRACT - - ELECTRICAL CONTRACT - - - - - - - PARK & DEVELOPMENT COSTS 11,006 - - - - - - 11,006 ENGINEERING DESIGN - - - 1,459 - - - 1,459 NETWORK DESIGN & INSTALLATION - - - - - - - WATER CONSTRUCTION CONTRACT - - - 71,596 $ 43,317 183,488 491,957 790,358 TESTING - - - 1,728 105 500 6,235 8,568 LEGAL SERVICES - - - 12,292 15,159 5,908 4,980 38,339 FURNITURE & FIXTURES - - - - - - - " CONTRACT DOCUMENTS - - - - - - 488 488 ARCHITECTURAL FEES - - - - - - - " DIRECT TOWN WORK FORCE - - - 5,472 6,995 2,903 - 15,370 TOTAL CAPITAL EXPENDITURES 0 0 0 0 40 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (K) NON-CURRENT GOV ASSETS Balance Sheet ode2Descnption " g 'te e #2003 tl code r;4 1. EP, Assets Land 210,868 K101 139,868 Buildings 3,955,847 K102 3,955,847 Improvements Other Than Buildings 2,446,989 K103 5,455,563 Machinery & Equipment 3,282,006 K104 2,631,488 Construction Work In Progress 2,143,275 K105 508,716 Page 1 OSC Municipality Code 500342300000 0 • 0 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (K) NON-CURRENT GOV ASSETS Balance Sheet Liabilities And Fund Equity Total Non -Current Govt Assets 12,038,985 K159 12,691,482 Page 2 OSC Municipality Code 50034230b000 0 • TOWN OF ITHACA FIXED ASSETS WORKSHEET December 31, 2004 DESCRIPTION ACCT CODE BALANCE 1 01/01/2004 2003 ACTIVITY ASSET BALANCES 12/31/2004 ADDITIONS DELETIONS LAND EASEMENTS BUILDING -TOWN HALL BUILDING -PUBLIC WORKS FACILITY IMPROVEMENTS OTHER THAN BLDG EQUIP/MCHY CONSTRUCTION IN PROGRESS: PEW TRAIL BOSTWICK RD WATER TANK COY GLEN PUMPSTATION 2003 WEST HILL WATER TANK SOUTH HILL WATER TANK IMP FURNITURE & FURNISHINGS COMPUTER & NETWORK HIGHWAY - MAPLE AVENUE HIGHWAY - MECKLENBURG ROAD HIGHWAY - WARREN ROAD HIGHWAY - WYCOFF ROAD SAPSUCKER WOODS HANSHAW RD SEWER REHAB W HILL IMP OAKWOOD LANE TANK IACOVELLI NEIGHBORHOOD PARK HIGHWAY - STONE QUARRY ROAD BURNS ROAD WATER LINE BIGGS WATER MAIN REPLACEMENT 2003 WEST HILL WATER TANK IMP BOSTWICK RD WATER TANK & TRANS COY GLEM PUMP STATION & PIPELINE TRUMANSBURG ROAD SEWER IMP TOTAL FIXED ASSETS CURRENT YRS APPROPRIATIONS GIFTS INFRASTRUCTURES: DEVELOPMENT RIGHTS PARKS and TRIALS BUILDINGS WATER SYSTEMS SEWER SYSTEMS ROADS and BRIDGES HWY EQUIPMENT and MACHINERY INFORMATION TECHNOLOGY TOTAL INVESTED APPROPRIATIONS K107 K108 K109 K106 K141 K110 11E ME WE' K11683��r' K120 K121 K122 K123 K124 K125 K126 K201 K301 K401 K402 K403 K404 K405 K152 K153 K161 K162 K163 K164 K165 K166 K167 K168 576,496.03 576,496.03 - - 2,500.00 - 500.00 3,000.00 71,000.00 - - 71,000.00 58,173.26 - 10,832.00 1 4flfl flfl - 3,958,331.48 3,100,112.07 3,697.50 84,552.81 4,011,617.89 - 3,697.50 88,472.44 53,996.95 198,858.45 481,822.10 , Ifla 783,677.90 - r... 11< sl 867,004.12 381,741.84 - - 381,741.84 2,996,116.76 - 211,866.84 3,207,983.60 110,836.12 - 101962.00 121,798.12 b. K107 K108 K109 K106 K141 K110 11E ME WE' K11683��r' K120 K121 K122 K123 K124 K125 K126 K201 K301 K401 K402 K403 K404 K405 K152 K153 K161 K162 K163 K164 K165 K166 K167 K168 576,496.03 576,496.03 - - 2,500.00 - 500.00 3,000.00 71,000.00 - - 71,000.00 58,173.26 - 10,832.00 69,005.26 3,958,331.48 - - 3,958,331.48 3,100,112.07 3,697.50 84,552.81 4,011,617.89 - 3,697.50 88,472.44 53,996.95 198,858.45 481,822.10 3,803.07 783,677.90 - 83,326.22 867,004.12 381,741.84 - - 381,741.84 2,996,116.76 - 211,866.84 3,207,983.60 110,836.12 - 101962.00 121,798.12 b. TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (SF) FIRE PROTECTION Balance Sheet 0- ORION& PR�Tsm N7113-50-1-007-�W ' �0 Assets Cash In Time Deposits 487,479 SF201 391,000 Page 48 , OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (SF) FIRE PROTECTION Balance Sheet A ; ttor X2003 "d- oclZ i z w , e Liabilities And Fund Equity Accounts Payable Accrued 0 E 0 Balance 236,590 SF600 317 SF601 SF910 237,393 Fund Balance Unappropriated 250,572 SF911 238,317 Page 49 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (SF) FIRE PROTECTION Results of Operation Detail Revenues And Other Sources Real Property Taxes 2,035,431 SF1001 2,305,371 Other Payments In Lieu of Taxes 7,691 SF1081 8,734 r T .,.mss., »"_"_ -, �,' s. s s „ ,,,,- x�- � d" { z•.ss^ K � 7 69! r �' �, +� �,,r" 8�7 rY 1d�c:c 6�..%a,. ,✓x..'Y-`^:6s �e+�_�..''". .. � F' m..._ ...>c we ..,+.. _t F _ .... aA ,u. .�.a�'. .v n .�..... xt.... » c a ...a_ r.. -Y ,.._ .„ a .s.$iA<e.c. x .,_x. v ., ...., w r.;� _. Sales Tax (from County) 0 SF1120 0 Other Public Safety Departmental Income 16,825 SF1589 18,163 E Interest And Earnings 18,761 SF2401 18,126 PR TOTAL lase ole Money And Prpperty Y TOTAL D all Revenues<And Other Sources z ` � � � ' � �� 2,0 8,7D � �� 2,350,394` 7 8 Page 50 OSC Municipality Code 500342300000 0 is TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (SF) FIRE PROTECTION Results of Operation { a''�i<_ s Detail Expenditures And Other Uses Fire Protection, Contr Expend 2,035,145 SF34104 2,447,359 DOTAL C�eta11 EXpenditur�s And�Other t7ses � '� '� i �`� � �" r ,. 2,447,35 Page 51 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (SF) FIRE PROTECTION Changes in Fund Equity �;ade�F--."e�`sc_np4on`"-2�` �.` �.��s�� �<. ` �..� £r � $ �,� �s'�,�'��,�� `°� .� � �•���OS � �`. ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES • Fund Equity - End of Year 11 207,009 SF8021 250,572 207,009 SF8022 250,572 2,078,708 2,350,394 2,035,145 2,447,359 250,572 SF8029 153,607 Page 52 OSC Municipality Code 500342300000 C 0 0 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (SL) LIGHTING Balance Sheet zK_ �? P Assets Cash In Time Denosits 8,681 SL201 10,977 Page 53 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (SL) LIGHTING Balance Sheet rn tipw-, _ _ Assets Cash In Time Deposits 16 0 0 8,681 SL201 10,977 Page 1 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (SL) LIGHTING Balance Sheet escM. ez ,. `2{iO3 Liabilities And Fund Equity Accounts Payable SL600 278 Unreserved Fund Balance Appropriated 8,681 SL910 -1.76 SL911 Page 2 OSC Municipality Code 500342300000 0 0 0 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (SL) LIGHTING Results of Operation eyna xV0 Mc X00 f a e Detail Revenues And Other Sources Real Property Taxes 13,390 SL1001 14,505 Interest And Earnings 120 SL2401 82 �:*=�-� �, �.�. r*- �-�-•-rv-:�—�-.:�.�T-- �-: -�---a �i fi �-�r � ; �,> ;;s ,..-"' , � 120 `` ��" � � :. 82-� f Refunds of Prior Year's Expenditures 136 SL2701 0 � �j. 14 587, TOTAL Detail Revenues And Other Sources � x ..�..__.�_._ .�.N� Page 3 OSC Municipality Code 500342300000 11 0 r� u TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (SL) LIGHTING Results of Operation ,nF Detail Expenditures And Other Uses Street Lighting, Contr Expend 12,291 SL51824 12,570 OTAI=IExpeptlrures� TOTAL Detail EXpeR[litur s AnCI tether uses 3 yr R z 12,291 µv .... _. <. j,' Page 4 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (SL) LIGHTING Changes in Fund Equity U32MV ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 7,326 SL8021 8,681 Restated. Fund Equity - Beg of Year 7,326 SL8022 8,681 ADD - REVENUES AND OTHER SOURCES 13,646 14,587 DEDUCT - EXPENDITURES AND OTHER USES 12,291 12,570 • Fund Equity - End of Year 8,681 SL8029 10,698 Page 5 OSC Municipality Code 500342300000 • ACCOUNT DESCRIPTION ETS CASH CASH IN SAVINGS TOTAL CASH OTHER RECEIVABLES TOWN OF ITHACA LIGHTING DISTRICT FUNDS DETAILED BALANCE SHEET DECEMBER 31, 2004 Forest Home GlensideI Renwick Heights I Eastwood I Clover Lane I Winners Circle I Burleigh Drive est Ha Commons I Road Coddington TOTAL Road $ 1,445 $ 718 $ 1,460 $ 1,777 $ 360 $ 639 $ 1,124 $ 2,081 $ 1,374 $ 10,977 t 6 PA - °.K. , a � ✓,:c�'= ....p' ,.r";ES;jf`-.._0.'. e.-"x`':e",L..e,.-fi�sK�..evK."cF.rl- .... ,. ,__ vC STATE & FEDERAL RECEIVABLE - - - - - - - - TOTAL RECEIVABLES .&. 'i ) a ti' Sr. F, _ �. L'S. =€ ... it" ar:.. ...: .swti s. ��„ai'� .0 ?YY "v5'� S3"�+Z�✓L';af�,s�... - •=1 ,._N ..Y.� .,t.:.? -F. TOTAL ASSETS _ LIABILITIES & FUND BALANCE LIABILITIES ACCOUNTS PAYABLE ACCRUED LIABILITIES TOTAL LIABILITIES FUND BALANCE RESERVE FOR ENCUMBRANCES UNAPPROPRIATED FUND BALANCE TOTAL FUND BALANCE TOTAL LIABILITIES & FUND EQUITY 21 26 35 48 6 9 - 85 49 279 .. WIN og SEEN 1,423 691 1,425 1,729 354 630 1,124 1,996 .1,325 10,698 4r, 3s..a a��'`34�'! . �sTFd Tz3 PA - °.K. , a � ✓,:c�'= ....p' ,.r";ES;jf`-.._0.'. e.-"x`':e",L..e,.-fi�sK�..evK."cF.rl- .... ,. ,__ vC n u 0 - TOWN OF ITHACA LIGHTING DISTRICT FUNDS DETAILED REVENUE and EXPENDITURES DECEMBER 31, 2004 RESOURCES and EXPENDITURES ACTIVE LIGHTING DISTRICTS TOTAL Forest Home Glenside Renwick Heights Eastwood Clover Lane Winner's Circle Burleigh Drive West Haven Coddington Commons Road Road REVENUE REAL PROPERTY TAXES INTEREST EARNINGS TOTAL RESOURCES EXPENDITURES ADVANTAGE ENERGY, INC. TOTAL EXPENDITURES $ 2,829 $ 994 $ 1,203 $ 2,571 $ 287 $ 893 $ 825 $ 3,103 $ 1,800 $ 14,505 12 5 10 14 2 5 7 17 11 83 .,-- ' R a v.x 8�._ .� F .ter � .�.,,.,. a �� 898 .i*�.... '��,. -A- - - $ 2,148 $ 775 $ 1,081 $ 2,201 $ 254 $ 737 $ 700 $ 2,939 $ 1,735 $ 12,570 .v,wy{'� ... ,'t ` .. �.... -.. x � .. ' ' :a, ;. _�. .x. "u*..' .. '.- . : �> r. x� .": &«"�y " � YgY� �"+�''� 'gv,• -y- �.... m TOWN OF ITHACA LIGHTING DISTRICT FUNDS ANALYSIS OF CHANGES IN FUND EQUITY DECEMBER 31, 2004 RESOURCES and EXPENDITURES ACTIVE LIGHTING DISTRICTS TOTAL Forest Home Glenside Renwick Heights Eastwood Clover Lane Winner's Circle Burleigh Drive West Haven Coddington Commons Road Road BEGINNING FUND EQUITY $ 731 $ 467 $ 1,293 $ 1,346 $ 318 $ 469 $ 992 $ 1,816 $ 1,248 $ 8,680 ADD: REVENUE and OTHER RESOURCES 2,841 999 1,213 2,585 289 898 832 3,120 1,811 14,588 DEDUCT: EXPENDITURES and OTHER USES 2,148 $ 775 $ 1,081 $ 2,201 $ 254 $ 737 $ 700 $ 2,939 $ 1,735 12,570 ENDING FUND EQUITY _WORM1" - �s , --- = .�, �$��.-se..1:;2��P : - � tl .mow.::: , �..�r , . - -. .. � �� x � �$�1��� r��`��$�: �;`7�-,�,r�, X353 ����p=63t}���,....��� � �4. -�� -� ��;�.--���.�.F _ .. -�_�... �:; - 0 0 r1 LJ 0 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (TA) AGENCY Balance Sheet o gU '":anpo Y i s -A Assets Cash 170,830 TA200 109,488 Page 58 OSC Municipality Code 500342300000 0 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (TA) AGENCY Balance Sheet :.�`[� T '� esellp , 03 Liabilities And Fund Equity Due To Other Funds 0 TA630 Consolidated Payroll 87,599 TA10 13 Deferred Compensation 4,066 TA17 0 State Retirement 2,359 TA18 0 Disability Insurance 739 TA19 616 Group Insurance 2,454 TA20 983 Nys Income Tax 5,633 TA21 0 Federal Income Tax 14,405 TA22 0 Income Executions 813 TA23 0 Assoc & Union Dues 240 TA24 0 Social Security Tax 19,138 TA26 • Guaranty & Bid Deposits 0 0 TA30 TA35 Bail Deposits Other Funds (specify) 33,384 TA85 107,876 0 Page 59 OSC Municipality Code 500342300000 0 0 is TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (V) DEBT SERVICE Balance Sheet Assets ('.qqh In Timp Dpnnqits 5,740 V201 477,994 Page 60 OSC Municipality Code 500342300000 0 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (V) DEBT SERVICE Balance Sheet Liabilities And Fund Equity Fund Balance -Reserved For Bonded Debt 0 V884 0 Fund Balance Appropriated 5,740 V910 Unreserved Fund Balance Unappropriated V911 191'77 L] 0 is Page 61 OSC Municipality Code 500342300000 9 h U TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (V) DEBT SERVICE Results of Operation . 9,�D6SGr1 �Q , }:., + ::< . 7� q _ , wc': u3 ,`. _ E°.�'r-QQ"v ,�;ET "0•_UB<. QQ,• Detail Revenues And Other Sources Interest And Earnings 2,442 V2401 1,848 '77TOTALlJse of}Money And Property z x r c= Interfund Transfers 789,772 V5031 1,509,195 TOTAL lnterfund Transfers 789,72' ,509,1 5 J 7 � 1 509,195 T AL Oeta li Revenues And Dther Sources �� `' � ;� � .� � � .792,214: k � 1,511,043 � Page 62 OSC Municipality Code 500342300000 i1 L_J TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (V) DEBT SERVICE Results of Operation ✓� -� r�Y✓ � `�+5- e"�k.F ^ws{ _^��s�.s`.,,.3+cq � �t� „ai �2 ode I)escnpUo fl. Detail Expenditures And Other Uses Fiscal Agents Fees, Contr Expend 2,229 V13804 2,233 Debt Principal, Serial Bonds 545,000 V97106 706,000 Debt Interest, Serial Bonds 244,772 V97107 330,556 3 1,038,789. TOTAL�xpenditu�es �„ � y s. TOTAL Detail Expend�ttires And Ocher Vises � ' � � r � ��� 2��0 � p , . °�.�� �' ��3fl38,789. Page 63 OSC Municipality Code 500342300000 0 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (V) DEBT SERVICE Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 5,527 V8021 5,740 Restated Fund Equity - Beg of Year 5,527 V8022 5,740 ADD - REVENUES AND OTHER SOURCES 792,214 1,511,043 DEDUCT - EXPENDITURES AND OTHER USES 792,001 1,038,789 Fund Equity - End of Year 5,740 V8029 477,994 Page 64 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (W) NON-CURRENT GOV LIABILITY Balance Sheet ode�Dssctip'o �� ��=: _�.-.. •4`���-�'�.=��'`�2�.3�- Cads __� 217Q4 _ __ Assets Total Non -Current Govt Liabilities 0 0 C� 4,685,601 W129 7,496,937 Page 65 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2004 (W) NON-CURRENT GOV LIABILITY Balance Sheet Liabilities And Fund Equity Bond Anticipation Notes Payable 400,000 W626 820,000 Bonds 0 • Absences 85,601 W687 102,937 4,200,000 W628 . Page 66 OSC Municipality Code 500342300000 0 'APITAL PROJECTS stment Reason ccount Code H8012 xxxxxxxxx 0 TOWN OF Ithaca Financial Comments For the Fiscal Year Ending 2004 Page 67 OSC Municipality Code 50034; TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2004 er and Other Purposes Exempt From Constitutional Debt Limit d Anticipation Note No. 2004000003 EDPCODE Amount ith and Year of Issue 10/1/2004 -- ose of Issue fater Transmission Mn .,rent Interest Rate 1.520 standing Beginning of Year 2P18661 ied During the Fiscal Year ,do not include renewals here P18663 500,00 A During the Fiscal Year do not include renewals here P18665 --standing End of the Fiscal Year 2P18667 500,00 .,al Maturity Date 10/1 /200 id Anticipation Note No. 2003000002 EDPCODE Amoun nth and Year of Issue1/8/200 ose of Issue Bldg Expansion rrent Interest Rate 1.950 - Astanding Beginning of Year 2P18661 400,00 .sued During the Fiscal Year 'do not include renewals here) 2P18663 id During the Fiscal Year ,do not include renewals here P18665 80,00 .-tstanding End of the Fiscal Year 2P18667 320,00 ial Maturity Date 1/8/200 metal Bond Anticipation Note Amoun itstanding Beginning of Year 400,00 ued During Fiscal Year 500,00 -,id During Fiscal Year 80,00 .jtstanding End of Year 820,00 Bond Anticipation Notes Redeemed From Bond Proceeds During Fiscal YearP18885 0 Is Page 68 OSC Municipality Code 500342300000 TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2004 or and Other Purposes Exempt From Constitutional Debt Limit d No. 2003000001 EDPCODE Amoun ith and Year of Issue 12/29/200 --ose of Issue blic Imp (Serial) Bon .,rent Interest Rate 3.950 standing Beginning of Year 2P18671 1,000,00 ied During the Fiscal Year ,do not include renewals here P18673 __d During the Fiscal Year do not include renewals here) 2P18675 76,00 • •`standin End of the Fiscal Year 2P18677 924,00 „al Maturity Date 12/29/201 id No. 2000000002 EDPCODE Amoun- -nth and Year of Issue 5/15/198 _.pose of Issue Public Im rovemen 'rent Interest Rate .068 --istanding Beginning of Year 2P18671 450,00 ,,,jed During the Fiscal Year do not include renewals here) 21318673 id During the Fiscal Year ,do not include renewals here) 2P18675 150,00 Astanding End of the Fiscal Year 2P18677 300,00 al Maturity Date 5/1/200 tend No. 2004000002 EDPCODE Amoun nth and Year of Issue 5/15/200 r ose of Issue iprovement Serial B ', ,rrent Interest Rate .-tstanding Beginning of Year 2P18671 4.346 ued During the Fiscal Year do not include renewals here P18673 2,000,00 aid During the Fiscal Year do not include renewals here P18675 itstanding End of the Fiscal Year 2P18677 2,000,00 nal Maturity Date 5/15/202 nd No. 2000000003 EDPCODE Amoun mth and Year of Issue 9/1/198 ,11rPose of Issue Public Im rovemen -irrent Interest Rate .073 itstanding Beginning of Year 2P18671 750,00 sued During the Fiscal Year do not include renewals here) 2P18673 A During the Fiscal Year (do not include renewals here) 2P18675 150,00 ,Lutstanding End of the Fiscal Year 2P18677 600,00 al Maturity Date 3/1/200E Page 69 OSC Municipality Code 500342300000 TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2004 ter and Other Purposes Exempt From Constitutional Debt Limit id No. 2000000004 EDPCODE Amoun ith and Year of Issue sued During Fiscal Year 7/15/1991 -- ose of Issue 706,00 Public Improvement .,,rent Interest Rate .0662 :standing Beginning of Year 2P18671 2,000,00 aed During the Fiscal Year ,do not include renewals here) 2P18673 _.d During the Fiscal Year do not include renewals here) 2P18675 250,00 hitstanding End of the Fiscal Year 2P18677 1,750,00 'fial Maturi Date 7/15/2011 id No. 2004000001 EDPCODE Amoun '-nth and Year of Issue 2/12/200 -:pose of Issue provement Serial B rrent Interest Rate 12 3.880 tstanding Beginning of Year P18671 :--ued During the Fiscal Year 'do not include renewals here P18673 1,000,00 id During the Fiscal Year do not include renewals here) 2P18675 .jtstanding End of the Fiscal Year 2P18677 1,000,00 ial Maturity Date 2/12/201 -tal Bond Amoun itstanding Beginning of Year 4,200,00 ued During Fiscal Year 3,000,00 '-iid During Fiscal Year 626,00 ,jtstanding End of Year 6,574,00 **#*******#*#******#********************##*#*******#*#***#*#****#**********#*****#***#***#****#*#*##**********#***********##*******# gotal of All Indebtedness cludes Total of Bonds and Notes - Exempt and Not Exempt ►tal Bond Amoun- itstanding Beginning of Year 4,600,00 sued During Fiscal Year 3,500,00 iid During Fiscal Year 706,00 itstanding End of Year 7,394,00 Page 70 OSC Municipality Code 500342300000 0 0 E 0 0 TOWN OF Ithaca Maturity Schedule For the Fiscal Year Ending 2004 Page 71 TOWN OF Ithaca Schedule of Securities for Collateralization For the Fiscal Year Ending 2004 -neral Municipal Law, Section 10 as amended by chapter 708 Laws of 1992 lists the types of securities which y be pledged for collateralization. Please click in the response box next to the type(s) of securities used by iks as collateral for your deposits. 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 s 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. is 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 un der 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 72 OSC Municipality Code 500342300000 • TOWN OF Ithaca Schedule of Time Deposits and Investments For the Fiscal Year Ending 2004 EDP Code CASH: Amount On Hand 922001 $6,381,835.00 Demand Deposits 9Z2011 Time Deposits 922021 Total $6,381,835.00 COLLATERAL: - FDIC Insurance 9Z2014 $100,000.00 Collateralized with securities held.in possession of municipality or its agent 9Z2014A $9,937,450.00 Total $10,037,450.00 INVESTMENTS: - Securities (450) Book Value (cost) 9Z4501 $0.00 Market Value at Balance Sheet Date 9Z4502 $0.00 Collateralized with securities held in 9Z4504A $0.00 possession of municipality or its agent - Repurchase Agreements (451) Book Value (cost) 9Z4511 $0.00 Market Value at Balance Sheet Date 9Z4512 $0.00 Collateralized with securities held in 9Z4514A $0.00 possession of municipality or its agent Page 73 OSC Municipality Code 500342300000 0 TOWN OF Ithaca Investment Certification For the Fiscal Year Ending 2004 EFINITIONS: -epurchase Agreement - A generic term for an agreement in which a government entity uuyer-lender) transfers cash to a broker-dealer or financial institution (seller -borrower); e broker-dealer or financial institution transfers securities to the entity and promises to repay -`e cash plus interest in exchange for the same securities or for different securities. everse Repurchase Agreement = An agreement in which a broker-dealer or financial institution uyer-lender) transfers cash to a government entity (seller -borrower); the entity transfers securities the broker-dealer of financial institution and promises ro repay the cash plus interest in exchange r 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 Yes * Obligations of the U.S. Government Agencies, guaranteed by Yes 0 the UNITED STATES Government * Obligations of the STATE of NEW YORK Yes • Obligations of other NEW YORK STATE Local Governments Yes * Other 3) Do you engage in reverse repurchase agreements? No 4) Are Repurchase Agreements authorized by your investment No policy? Name: Title: Phone Number: 0 0 Alfred F. Carvill Town Budget Officer (607) 273-1721 Page 74 DSC Municipality Code 500342300000 Bank Account Number 1-201-002604 i-201-002604 i-201-002604 )-201-002604 )-201-002604 1-201-002604 ?-201-002604 )-201-002604 &-201-002604 2-201-002604 3-201-002604 1-201-002604 5-201-002604 5-201-002604 7-201-002604 B-201-002604 0-201-002604 7-201-002604 02-201-002604 3-201-002604 Bank Balance TOWN OF Ithaca Bank Reconciliation For the Fiscal Year Ending 2004 Include All Checking, Savings and C.D. Accounts 1 $29,806 $4,322 $11,372 $4,410 $80,760 $1,683,233 $186.108 $317,044 $26,795 $290,146 $2,458,150 $478,123 $391,369 $10,982 $80,166 $270,715 $58,933 $2,504 $12,176 Add: Deposit In Transit $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Adjusted Bank Balance Petty Cash Adjustments Total Cash Total Cash Balance All Funds * Must be equal Less: Adjusted Outstanding Bank Checks Balance Mi $23,066 $0 $0 $0 $0 IZEI $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1 $6,740 $4,322 $11,372 $4,410 $80,760 $1,683,233 $186.108 $317,044 $26,795 $290,146 $2,458,150 $478,123 $391,369 $10,982 $80,166 $270,715 $58,933 $2,504 $12,176 $6,374,049 $800.00 $6,877.00 9ZCASH $6,381,726 9ZCASHB $6,381,835 Page 75 OSC Municipality Code 500342300000 TOWN OF Ithaca Local Government Questionnaire For the Fiscal Year Ending 2004 Does your municipality have a written procurement policy? Have the financial statements for your municipality been independently audited? If not, are you planning on having an audit conducted? Does your local government participate in an insurance pool with other local governments? Does your local government participate in an investment pool with other local governments? Does your municipality have a Length of Service Award Program (LOSAP) for volunteer firefighters? Does your municipality have a Capital Plan? 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? Have you had a change in chief executive or chief fiscal officer during the last • year? ' Does your municipality have access to the internet? Does your municipality have an official E-mail address? If yes, what is it? Does the chief fiscal officer have a separate E-mail address? If yes, what is it? Do you have a web site? If yes, what is the official address of the web site for your municipality? 0 Response Yes Yes No No No Yes No No . No No Vcc cvalentino @ town.ithaca.ny.us Vocz www.town.ithaca.ny.us Page 76 OSC Municipality Code 500342300000 0 0 is CERTIFICATION OF CHIEF FISCAL OFFICER I, Catherine Valentino the Town of Ithaca financial report of the Town of Ithaca , hereby certify that I am the Chief Fiscal Officer of , and that the information provided in the annual , is TRUE and correct to the best of my knowledge and belief. , for the fiscal year ended 12/31/2004 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 12/31/2004 and filed by means of electronic data transmission. Alfred F. Carvill Catherine Valentino Name of Report Preparer if different Name than Chief Fiscal Officer (607) 273-1721 Budget Officer Telephone Number Title 215 N. Tioga Street Official Address 02/10/2005 .(607) 273-1721 Date of Certification Official Telephone Number Page 77 Municipality Code 500342300000 40 0 Ll TOWN OF Ithaca Supplemental Section Comments For the Fiscal Year Ending 2004 Page 78 0 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2004 Note 1 - Summary of Significant Accounting Policies The general-purpose financial statements of the Town of Ithaca ,have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The more significant of the government's accounting policies are described below. A. . Financial Reporting Entity The Town of Ithaca was created in 1821. The Town is governed by general municipal laws of the State of New York, Town Law 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 municipal services: fire protection, transportation (streets and highways), recreation, planning and zoning, general administration, public improvements; water and sewer. Street lighting in nine separate "lighting districts" is provided 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, 2004 - 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 31.2004 - 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 in full on scheduled due dates. - Capital Projects Fund: Capital Project Funds are used 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). Each Capital Project Fund is created to account for financial resources that will be used for the acquisition or construction of major capital facilities, major repairs, improvements or additions to water, sewer and transportation infrastructures. 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.) PAGE 3 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2004 .. - 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. 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 Accounting/Measurement Focus Basis of accounting refers to when revenues and expenditures and the related assets and liabilities are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus. Measurement focus is the determination of what is measured. (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. The Town of Ithaca accounts for all revenue and expense transactions on the Full Accrual Basis. 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: 0 PAGE 4 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2004 - 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. b. Principal and interest on indebtedness are not recognized as expenditures until due. C.- 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-B-1. 0 - 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, 2002, 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. PAGE 5 40 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2004 . The tentative budget includes proposed expenditures and the proposed means of financing for all funds. b. After public hearings are conducted to obtain taxpayer comments, no later than November 20, the Town Board adopts the budget. The 2004 Town Budget was adopted November 5, 2003 under Board Resolution No. 2003-17. 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 (e.g. unperformed (executory) contracts for goods or services) 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. 0 PAGE 6 rI TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31.2004 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 . Since January 1, 1978, Town employees are and continue to be covered by unemployment insurance. The Town has elected 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 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 $17,336 during the year to $102,937 and is reported in the GLTDAG (W) Fund. 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, 2004 .. The Governmental Accounting Standards Board (GASB) has issued Statements No. 43 and 45, which address plan and employer reporting of Post -Employment Benefit Plans Other Than Pensions (OPEB). Compliant with. these Statements and their reporting requirements, the Town of Ithaca accounting records and financial statements include accrued Post -Employment health care liability costs of $7,378. HEALTH INSURANCE CARRIER EXCELLUS Blue Cross / Blue Shield 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, and to date 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 1. Cash and Investments • State statutes govern the Town of Ithaca's investment policy. In addition, the Town of Ithaca has its own written investment policy. Town of Ithacamonies 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. PAGE 8 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2004 The written investment policy does not permit Town moneys to be invested in 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. AlI 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 cash bank balances.at December 31, 2004 totaled $6,381,835. These deposits were fully collateralized by securities with a fair market value at December 31, 2004 of $9,937,450 or 147%. 2. Changes in Fixed Assets A summary of changes in general fixed assets as follows: DESCRIPTION BALANCE ADDITIONS DELETIONS BALANCE 1/1/04 2004 2004 12/31/04 Land $ 139,868 $ 0 $ 0 $ 139,868 Easements 71,000 0 0 71,000 Buildings 3,955,847 0 0 3,955,847 Improvements Other Than Bldg. 273,059 84,553 0 357,612 Furniture and Furnishings 175,053 500 0 175,553 Network/Computer 110,836 10,962 0 121,798 Machinery & 2,996,117 211,867 576,496 2,631,488 Equip Infrastructures 2,173,930 2,555,671 0 4,729,601 Const in Progress 2,143,275 492,654 2,127,214 508,705 Total $ 12,038,985 $ 3,356,207 $ 2,703,710 $ 12,691,482 PAGE 9 93 B. TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2004 Other Receivables The Town had the following receivables at December 31, 2003: Fund Special Revenue: Water Sewer Liabilities 1. Pension Plans Description Rents & Special Assessments Rents & Special Assessments Total Special Revenue Amount $ 108,727 153.419 262 146 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, 110 State Street, Albany, NY 12244. Funding Policy - The Systems are noncontributory except for employees who joined the New York State and Local Employees' Retirement System after July 27, 1976 who contribute 3 percent of their salary. Under the authority of the NYSRSSL, the Comptroller shall certify annually the rates expressed as proportions of payroll of members, which shall be used in computing the contributions, made by employers to the pension accumulation fund. Chapter 126 (Laws of 2000) adds Article 19 "Benefit Enhancements" of the New York State and Local Employees' Retirement System. An eligible Tier III or IV member with ten (10) or more years of membership or ten (10) of credited service, will NOT be required to contribute to the Retirement System. Effective in 2000 the Town adopted Section 41j of the Retirement System. This allows a retiring municipal employee to add service credit by using accumulated sick time. PAGE 10 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS -DECEMBER 31, 2004 . The Town of Ithaca is required to contribute at an actuarially determined rate. The required contributions for the current year and four preceding years were: 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% interest factor added. Local governments were given the option to prepay this liability. The Town's total unpaid liability at the end of 2004 fiscal year was $0. While GASB and the New York State Comptroller's Office differ on the accounting treatment of budgetary savings from the change in the payment date from December 15a' to February 1" for the New York State and Local Retirement System, the Town of Ithaca accounting records reflect prepaid retirement costs totaling $273,864 for the year 2004. To achieve the necessary budgetary savings as directed by the New York State Comptroller's Office these prepaid costs will be charged against the Town's 2005 budget. For 2005 it is the ambition of the Town of Ithaca to assess the establishment of appropriate cash reserves for future retirement benefits as well as other employee benefits (E.g. Health Insurance) 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 five years beyond the original date of issue unless a portion is redeemed within five years and within each 12 month period thereafter. For short-term financing the Town of Ithaca redeems (pays down) one fifth (115) of the original BAN borrowing. 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, 2004, $820,000 Bond Anticipation Notes (BANs) was outstanding. These temporary funds were borrowed to assist with financing the renovation and construction expansion costs of the Town's Public Works Facility ($320,00) and the South Hill Water Transmission Main Project — Phase If ($500,000). PAGE 11 ERS 2004 $ 273,864 2003 $ 318,221 2002 $ 26,412 2001 $ 34,903 2000 $ 9,692 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% interest factor added. Local governments were given the option to prepay this liability. The Town's total unpaid liability at the end of 2004 fiscal year was $0. While GASB and the New York State Comptroller's Office differ on the accounting treatment of budgetary savings from the change in the payment date from December 15a' to February 1" for the New York State and Local Retirement System, the Town of Ithaca accounting records reflect prepaid retirement costs totaling $273,864 for the year 2004. To achieve the necessary budgetary savings as directed by the New York State Comptroller's Office these prepaid costs will be charged against the Town's 2005 budget. For 2005 it is the ambition of the Town of Ithaca to assess the establishment of appropriate cash reserves for future retirement benefits as well as other employee benefits (E.g. Health Insurance) 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 five years beyond the original date of issue unless a portion is redeemed within five years and within each 12 month period thereafter. For short-term financing the Town of Ithaca redeems (pays down) one fifth (115) of the original BAN borrowing. 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, 2004, $820,000 Bond Anticipation Notes (BANs) was outstanding. These temporary funds were borrowed to assist with financing the renovation and construction expansion costs of the Town's Public Works Facility ($320,00) and the South Hill Water Transmission Main Project — Phase If ($500,000). PAGE 11 E TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2004 3. Long -Term Debt a. At December 31, 2004, the total principal indebtedness outstanding of the Town of Ithaca aggregated $7,394,000. Of this amount, $ 1,744,000 was subject to the Town's constitutional debt limit and represented zero percent (1.7%) of its debt limit. Further calculations disclosed that the Town of Ithaca meets the 7% indebtedness requirement and has not exhausted its borrowing and repayment abilities. 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: * Compensated Absences: represents the value of earned and unused portion of the liability for compensated absences. d. Summary Long -Term and Short -Term Debt- The following is a summary of liabilities outstanding at December 31, 2004 by fund type and account group: e. Bal 1/1/04 Additions Deletions Bal 12/31/04 Liability Serial Bonds Bond Anticipation Notes Compensated Absences Total Outstanding Debt Account Group $ 6,574,000 820,000 102.937 7.496.937 The following is a summary of changes in Long -Term liabilities for the period ended December 31, 2004: Serial Due Employee Compensated Bonds Retirement Absences $ 4,600,000 $ 0 $ 85,601 3,500,000 0 17,336 706,000 0 0 $ 7.394.000 $ 0 $ 102,937 PAGE 12 Installment Bond $ 0 0 0 [1 0 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2004 . 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, 2004 amounted to $330,556. Unpaid Bond Interest on outstanding indebtedness at December, 31, 2004 is $507,738. f. Long -Term Debt Maturity Schedule - The following is a statement of serial bonds and bond anticipation note(s) 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, 2004. (See Exhibit C) C. Reconciliation of Inter -fund (between funds) Activities Inter -fund receivables and payables at December 31, 2004 were as follows: FUND DUE FROM DUE TO EVMRFUND INTERFUND RECEIVABLE PAYABLE REVENUE EXPENSE Gen'l Town -Wide $ 0 $ 0 $ 204,928 $ 224,800 General Part -Town 0 0 0 33,476 Highway 0 0 0 33,476 Water 0 0 55,324 455,842 Sewer 0 0 2,752 497,293 Capital Projects 0 0 0 527,312 Debt service 0 0 1,509,195 0 TOTAL $ 0 $ 0 $ 1,772,199 $ 1,772,199 D. Fund Equity 1. Reserves a. 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 2004 was $270,599. 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 cash. b. The Highway Equipment equity includes reserve funds established for highway machinery. The balance at the end of 2004 was $26,784. This Reserve Fund was designated by Board Resolution No. 193 of November 8, 1984. The reserve is funded by any unexpended budgeted equipment appropriations for machinery at year-end. The reserve cash is also increased by interest earned for the year. PAGE 13 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS_ DECEMBER 31, 2004 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. 0 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 4.1 percent of the total. 0 - PAGE 14 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31.2004 EXHIBIT A ISSUE DESCRIPTION ISSUE ORIGINAL INTEREST MATURITY DATE ISSUE RATE DATE Pl1RLIC IMPROVEMENT/ 1986 (19% WATER - 81% SEWER ) WATER IMPROVEMENT / 1984 WASTE WATER TREATMENT PLANT SEWER IMPROVEMENT PORTION PUBLIC IMPROVEMENT /1989 ( 49% WATER - 51 % SEWER ) 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 / 1 ST SERIES 1987 SEWER IMP / 2ND SERIES 1987 PUBLIC IMPROVEMENT (SERIAL) , 2003 PUBLIC WORKS FACILITY EXPANSION BAN, 2004 SOUTH HILL WATER TRANSMISSION MAIN PHASE II — BAN, 2004 BOSTWICK RD WATER TANK and TRANSMISSION MAIN (SERIAL), 2004 5/15/87 $ 2,830,000 6.UU /o uo/u iiuu 5/15/87 $ 550,000 6.80% 05/15/06 5/15/87 $ 2,100,000 6.80% 05/15/06 5/15/87 $ 180,000 6.80% 05/15/06 9/1/89 $ 2,580,000 7.30% 03/01/08 9/1/89 $ 479,000 7.30% 03/01/08 9/1/89 $ 500,000 7.30% 03/01/08 9/1/89 $ 143,982 7.30% 03/01/08 9/1/89 $ 112,018 7.30% 03/01/08 9/1/89 $ 11,000 7.30% 03/01/08 9/1/89 $ 384,000 7.30% 03/01/08 9/1/89 $ 950,000 7.30% .03/01/08 12/29/03 $ 1,000,000 3.95% 12/29/17 01/08/04 $ 320,000 2.18% 01/08/06 10/01/04 $ 500,000 1.52% 10/01/05 02/12/04 $ 1,000,000 3.88% 02/12/19 PAGE 15 0 0 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2004 PUBLIC IMPROVEMENT (SERIAL), 2004 11/15/04 $ 2,000,000 PUBLIC IMPROVEMENT BOND/ 1991 ( 52% WATER - 48% SEWER) 07/15/91 $ 4,465,000 TOTAL ISSUED DEBT @ 12/31/04 $ 20,105,000 PAGE 16 4.346% 6.625% 11/15/24 07/15/11 r'1 ISSUE TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31.2004 EXHIBIT B PUBLIC IMPROVEMENT SERIAL BOND PUBLIC WORKS FACILITY EXPANSION PUBLIC IMPROVEMENT/ 1986 (19% WATER - 81% SEWER ) PUBLIC IMPROVEMENT/ 1989 ( 49% WATER - 51 % SEWER ) PUBLIC IMPROVEMENT BOND / 1991 ( 52% WATER - 48% SEWER) SOUTH HILL WATER TRANSMISSION MAIN PHASE II (BAN), 2004 BOSTWICK RD WATER TANK & TRANSMISSION MAIN (SERIAL), 2004 PUBLIC IMPROVEMENT (SERIAL), 2004 TOTAL LONG TERM DEBT PAGE 17 OUTSTANDING ALLOCATED DEBT 12/31/04 TOWNWIDE SPECIAL DISTRICTS $ 924,000 $ 924,000 $ 0 320,000 320,000 0 $ 300,000 $ 0 $ 300,000 $ 600,000 $ 0 $ 600,000 $ 1,750,000 $ 0 $ 1,750,000 $ 500,000$ 0 $ 500,000 $ 1,000,000 $ 0 $ 1,000,000 $ 2,000,000$ 0 $ 2,000,000 $ 7,394,000 $ 1,244,000 $ 6,150,000 PAGE 18 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31,200 EXHIBFF C SUMMARY OF FUTURE DEBT REQUIREMENTS ISSUE DESCRIPTION 2005 2006 2007 INT 2008 PRIN INT 2009 PRIN INT 2010 - 2024 PRIN INT PRIN INT PRIN INT PRIN PUBLIC IMPROVEMENT BOND / 1986 $ 150,000$ 15,300 $ 150,000 $ 5,100$ 0$ 0 $ 0$. 0 $ 0 $ 0 $ 0 $ 0 PUBLIC IMPROVEMENT 150,000 38,325 150,000 27,375 150,000 16,425 150,000 5,475 0 0 0 0 BOND / 1989 PUBLIC IMPROVEMENT 250,000 115,938 250,000 99,375 250,000 82,813 250,000 66,250 250,000 49,688 500,000 49,688 BOND / 1991 PUBLIC IMPROVEMENT 71,000 34,938 71,000 32,314 71,000 29,612 71,000 26,914 71,000 24,216 569,000 96,614 BOND / 2003 PUBLIC WORKS 80,000 6,976 80,000 6,976 80,000 6,976 80,000 6,976 0 0 0 0 FACILITY EXPANSION BAN / 2004 SOUTH HILL WATER 500,000 7,600 0 0 0 0 0 .0 0 0 0 0 TRANSMISSION MAIN BAN / 2004 BOSTWICK RD WATER 66,000 37,520 66,000 34,959 66,000 32,398 66,000 29,837 66,000 27,276 670,000 122,181 TANK & TRABSMISSION MAIN (SERIAL) BOND / 2004 PAGE 18 0 Page 1 of 1 Thank you, 500342300000 from the TOWN of ITHACA, for your Submission to the Municipal Affairs Data Exchange System on 02/07/2005 03:06:45 PM. Please note: All submissions are subject to verification by OSC. Home You. may save or print this page for your records. http://nysosc 11.osc.state.ny.us/product/efsdex.nsf/FileNo/50034230000... 02/07/2005 0 0 Page 1 of 1 Thank you, 500342300000 from the TOWN of ITHACA, for your Submission to the Municipal Affairs Data Exchange System on 02/08/2005 10:26:31 AM. Please note: All submissions are subject to verification by OSC. Home 4 You may save or print this page for your records. http://nysosc 11. o s c. state. ny. us/pro duct/ef sdex.nsf/FileNo/50034230000... 02/08/2005 PUBLIC NOTICE TOWN OF ITHACA NOTICE IS HEREBY GIVEN that the Town Clerk has received for filing the Annual Financial Report of the Town of Ithaca for the year ending December 31, 2004. FURTHER NOTICE IS GIVEN that the 2003 Annual Financial Report is available for public inspection at the Town Clerk's Office, 215 North Tioga Street, Ithaca, 40 New York during regular office hours: Monday through Friday 8:00 a.m. to 4:00 p.m. Dated: February 9, 2005 Tee -Ann Hunter Town Clerk 0