HomeMy WebLinkAbout1992 Annual Report Submitted to the NYS ComptrollerTOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
For the Fiscal Year Ended December 31, 1992
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the Town of Ithaca have been
prepared in conformity with generally accepted accounting
principles (GAAP) as applied to government units. The
Governmental Accounting Standards Board (GASB) is the
accepted standard setting body for establishing governmental
accounting and financial reporting principles. The more significant of
the government's accounting policies are described below.
A. FINANCIAL REPORTING ENTITY
The Town of Ithaca, which was established in 1821, is governed by Town
Law and other general laws of the State of New York and various local
laws. The Town Board is the legislative body responsible for overall
operations, the Town Supervisor serves as Chief Executive Officer and
Chief Fiscal Officer.
1. Excluded from the Reporting Entity
Although the following organizations, functions or activities
are related to the Town of Ithaca, they are not included in the Town
of Ithaca reporting entity.
The following are activities undertaken jointly with other
municipalities and are excluded from the financial statements. See
Note V for additional disclosure regarding joint ventures.
Southern Cayuga Lake Intermunicipal Water Commission, with the Towns
of Lansing, and Dryden; and the Villages of Lansing, and Cayuga
Heights.
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 of Ithaca 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 acccounted for within a
separate set of self -balancing accounts that comprise its assets,
liabilities, fund balance/retained earnings, revenues and expenditures -
expenses which are segregated for the purpose of carrying on specific
activities or attaining certain objectives in accordance with special
regulations, restrictions or 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:
TOWN OF ITHACA PAGE 2
1. Fund Categories
a. Governmental Funds
* General Fund - to account for revenues (ie., general tax and
other from State, Federal, and local sources) which are not required
by law or other provision to be accounted for in other funds and
which finance the basic governmental functions provided by
the Town.
* General Fund Town Outside Village - used to record transactions
which are required to be a charge on the area of the Town outside
the Village.
* Highway Fund - used to account for revenues and expenditures for
parttown highway purposes.
* Special Revenue Funds - utilized to account for revenues
derived from special sources which are required by law or regulation
to be accounted for in separate funds. Special Revenue Funds
include the following:
Fire Protection Fund - used to record transactions involving the
Town Fire Protection District and the contracts for fire protection
with City of Ithaca and Village of Cayuga Heights.
Lighting District Fund - used to record operation and maintenance
transactions. Revenues derived from special district assessments.
Water Fund - established by law to account for revenues derived from
charges for water consumption, and benefitted assessments, and the
application of such revenues toward related operating expenses and
debt retirement.
Sewer Fund - established by law to account for revenues derived from
sewer rents, and benefitted assessments, and used for related
operating expenses and debt retirement.
* Capital Proiects Fund - used to account for capital improvements
financed from current monies transferred from other funds, Federal
and State grants, and proceeds of obligations.
* Debt Service Fund - used to account for interest earned on
proceeds of borrowings for water and sewer capital projects.
Interest earned is transferred to the debt service fund from the
capital projects fund, and then to the operating funds for payment
of principal and interest.
b. Fiduciary Funds
* Trust and Agency Fund - used to account for funds held in trust
for subsequent distributions, transmittal or release to other
governments, individuals, or to other funds. `
TOWN OF ITHACA PAGE 3
C. Account Groups
* General Fixed Assets - used to account for land, buildings,
improvements other than buildings, and equipment utilized for
general government purposes.
* General Long -Term Debt Group of Accounts - used to account for
all long-term debt including serial bonds, installment payments,
accrued vacation time, and unbilled retirement.
C. BASIS OF ACCOUNTING/14EASUREMENT FOCUS
Modified Accrual Basis - The Town maintained its records on the
double -entry basis of accounting prescribed by the State
Comptroller, as set forth in the Uniform System of Accounts for
Towns. Town funds are accounted for on the modified accrual basis,
which is summarized as follows:
a. Revenues - recognized when received, except real property taxes
which are recognized when earned. Revenues are also accrued at year-
end.
b. Expenditures - recognized when paid, except at year-end when
expenditures are accrued.
C. The encumbrance method of accounting is used in the Townwide,
Parttown, Highway, Water, Sewer, and Capital Projects funds.
d. Accrual of water and sewer rents is done throughout the year.
Expenditures are accrued at year-end.
e. Account Groups - General fixed assets are recorded at actual or
estimated cost or, in the case of gifts and contributions, at the
fair market value at the time received. No provision for
depreciation is made. General long-term debt liabilities are
recorded at the par value of the principal amount, no liability is
recorded for interest payable to maturity. Also included in General
long-term debt is the principal amount of the amortized "catch-up"
retirement payment from fiscal years 1988 and 1989, which is reduced
annually for 1990 and the fourteen succeeding years by the amortized
amount payable on December 15 of that year. The dollar value of
earned unused employee vacation time from the previous year is also
recorded in GLTDAG as a liability.
D. PROPERTY TAXES
Real property taxes are levied as of January 1st, and become a lien on
that date. Property owners can elect to pay their taxes using one of
two options.
TOWN OF ITHACA
PAGE 4
Taxpayers may elect to pay their bill in town installments equal to
1/2 the total bill, plus a 2.5% 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 2
20, with 1% interest (election to pay in installments ceases January
20). The second installment is due on or before July 1, payable to t
the County Division of Budget & 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% 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 5th the budget officer submits a
tentative budget to the Town Board for the fiscal year commencing
the following January 1. The tentative budget includes
proposed expenditures and the proposed means of financing for all
funds.
b. After public hearings are conducted to obtain taxpayer
comments, no later than November 20th, the Town Board adopts the
budget.
c. .All modifications of the budget must be approved by the Town
Board. However, the Town Supervisor is authorized to transfer
certain budgeted amounts within departments.
2. Encumbrances
Encumbrance accounting, under which purchase orders, contracts,
and other commitments for the expenditure of monies are recorded
for budgetary control purposes to reserve that portion of the
applicable appropriations, is employed in all funds. Encumbrances
are reported as reservations of fund balances since they do not
constitute expenditures or liabilities. Expenditures for such
commitments are recorded in the period in which the liability is
incurred.
1
3. Budget Basis of Accounting
The budget is 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.
TOWN OF ITHACA PAGE 5
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 costs
(or at estimated historical costs) 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 road, bridges, curbs and gutters,
streets and sidewalks, drainage, water and sewer lines, and lighting
systems have not been capitalized. Such assets normally are
immovable and of value only to the Town. Therefore, the purposes of
stewardship for capital expenditures can be satisfied with recording
these assets.
No depreciation has been provided on general fixed assets nor has
interest on general fixed assets construction in progress been
capitalize.
G. INSURANCE
The Town of Ithaca assumes the liability for most risk including, but
not limited to, property damage and personal injury liability.
Judgments and claims are recorded when it is probable that an asset
has been impaired or a liability has been incurred and the amount
of loss can be reasonably estimated.
Unemployment Insurance - as of January 1, 1978, Town employees were
covered by unemployment insurance. The Town has chosen to discharge
its liability to the New York State Unemployment Insurance Fund by
means of the benefit reimbursement method. This is a dollar -for -
dollar reimbursement to the Unemployment Insurance Fund for the
benefits paid to former employees and charged to the Town's account.
The Town .is exempt from federal unemployment insurance tax.
. VACATION
The Town of Ithaca employees are granted vacation in varying amounts.
In the event of termination an employee is entitled to payment for
accumulated vacation at various rates, subject to certain maximum
limitations.
The value of unused employee vacation balances at year-end has been
recorded in the general long-term debt account group.
Payment of vacation recorded in the general long-term debt -account
group is dependent upon many factors, therefore timing of future
payments is not readily determinable. However, management believes
that sufficient resources will be made available for the payments of
vacation when such payment becomes due.
TOWN OF ITHACA
F. POST-RETIREMENT BENEFITS
PAGE 6
In addition to providing pension benefits, the Town of Ithaca provides
health 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. The Town
recognizes the cost of providing benefits by recording its share of
insurance premiums as an expenditure in the year paid. During 1992
$8,305.96 was paid from the General Townwide Fund on behalf of 3
retirees and $5,545.08 was paid from the Highway Fund on behalf of 5
retirees.
II. DETAIL NOTES ON ALL FUNDS AND ACCOUNT GROUPS
A. ASSETS
1. Cash and Investments
The Town of Ithaca investment policies are governed by State
statutes. In addition, the Town of Ithaca has its own written
investment policy. Town monies must be deposited.in FDIC -insured
commercial banks or trust companies located within the state.
The Town Supervisor is 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 at 105 percent of all deposits not covered by federal
deposit insurance. Obligations that may be pledged as collateral
are obligations of the United States and its agencies and
obligations of the state and its municipalities and school
districts.
Deposits and investments at year-end were -entirely covered by
federal depository insurance or by collateral held by the Town's
custodial bank in the Town's name. They consisted of:
Deposits. All deposits including certificates of deposit are
carried at cost or cost plus accrued interest.
TOWN OF ITHACA
PAGE 7
12/31/92
ACCOUNT NA1,1E
ACCT. #
BANK
SECURITY
BALANCE
General Town Wide-ck
01-201-002604
$ 1,399
F
General Outside Village-ck
01-101-056567
14,539
F
Highway- ck
02-201-002604
2,057
F
Water & Sewer-ck
04-201-002604
139,002
F & C
Lighting-ck
05-101-056567
26
F
Fire Protection-ck
02-101-056567
33
F
Capital Projects-ck
10-201-056567
105
F
Trust & Agency-ck
05-201-002604
37,372
F
General -Super 7-sav
12-201-002604
1,166,246
F & C
F = FDIC INSURED
C = COLLATERAL HELD BY TOWN'S CUSTODIAL
BANK
Investments. Investments are stated at par value and market value
and are held by the Town's third party custodial bank.
GOVERNMENT BONDS
$1,000,000 Federal Home Loan Banks rate 5.4850, maturity
12/04/95, market value 999,375
$1,000,000 US Treasury Notes, rate 7.6250, maturity
05/31/96, market value $1,066,562
$1,000,000 US Treasury Notes, rate 7.625%, maturity
05/15/93, market value $1,015,312
MUNICIPAL BONDS
$275,000, Brunswick N.Y. Central School Dist., rate 5.8750,
maturity 06/15/99, market value $292,184
$475,000 Camden N.Y. Central School Dist., rate 5.8750
maturity 06/15/01, market value $500,355-
$300,000
500,355
$300,000 Camden N.Y. Central School Dist., 5.8750, maturity
06/15/02, market value 313,374
$200,000 Ithaca Town N.Y. Public Improvement Bond, rate
6.625% maturity 07/15/97, market value 218,736
$200,000 Ithaca Town N.Y. Public Improvement Bond, rate
6.625% maturity 07/15/98 market value 220,326
Repurchase Agreement: With Tompkins County Trust Company,
rate 3.15% for 23 days, $2,000,000 par value in the following
denominations: `
$1,000,000 U.S.T. Notes, due 05/15/93, rate 7.625%;
$1,000,000 U.S.T. Notes, due 05/15/93, rate 7.625%;
TOWN OF ITHACA
2. Chanaes in General Fixed Assets:
PAGE 8
Type
Balance
Additions
Deletions
Balance
12/31/91
12/31/92
K101 Land
32,842
-0-
-0-
32,842
K102 Build
3851254
.4,830
600
389,484
K104 Equip
1,232,023
134,778
81,994
1,284,807
TOTALS
1,650,119
139,608
82,594
1,707,133
B. LIABILITIES
1. Pension Plans
The Town of Ithaca participates in the New York State and
Local Employees' Retirement System. This is a cost sharing multiple
public employer retirement system. Obligations of employees to
contribute and benefits to employees are governed by the New York
State Retirement and Social Security Law (NYSRSSL). The System
offers a wide range of plans and benefits which are related to years
of service, final average salary, vesting of retirement benefits,
death and disability benefits and optional methods of benefit
payments. All benefits generally vest after ten years of credited
service.
The NYSRSSL provides that all participants in the system are jointly
and severally liable for any actuarial unfunded amounts. Such
amounts are collected through annual billings to all participating
employers. Generally, all employees, except certain part-time
employees, participate in the System. The System is noncontributory
except for employees who joined the Employees' Retirement System
after July 27, 1976 who contribute 30 of their salary.
Employee contributions are deducted by employer's from employees'
paychecks and are sent currently to the Employees's Retirement System.
All Town of Ithaca employees are eligible for membership in the System.
All employees employed in a full-time, permanent position who commenced
employment after June 30, 1976 are mandatory members.
Payments due the System through 1988: The System billed all participating
employers by May 31 each year. Billings were based on salaries paid
during the System's fiscal year which ended on March 31 of the previous
calendar year, and in accordance with funding requirements determined by
the System's actuary. Employers were required to remit payment in full by
June 30.
In 1989 and future years, the System's billings are based on Chapter 62 of
the Laws of 1989 of the State of New York.
TOWN OF ITHACA
PAGE 9
This legislation requires participating employers to begin making payments
on a current basis, while amortizing existing unpaid amounts relating to
the System's fiscal years ending 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. The payment covering
the System's fiscal year ending March 31, 1990 and the first amortization
installment were paid December 15, 1989. December 15th will be the
Payment date for amounts due on each succeeding year's liability and
portion of the amortized amount. Any under or over payment of the
estimate paid for estimate paid for the System's fiscal year ending March
31, 1990 will be included in the succeeding December 15 payment.
The actuarial cost method used by the System to determine the annual
contributions from employees through March 31, 1990 was the aggregate
cost method. Under this method the excess of the actuarial liabilities
over the actuarial assets was funded by employees as a level percentage of
salary over the current members' future working lifetimes.
Effective April 1, 1990, the State legislature amended the Retirement and
Social Security Law by enacting Chapter 210 Laws of 1990 which mandated a
change to a different actuarial funding method for the System. The Systems
changed from the aggregate cost funding method to a modified projected unit
credit funding method.. This new method utilizes a rolling amortization
period for differences between actuarial assets and actuarial accrue
liabilities, of which approximately 17% of such differences are recognized
each year in determining the funding amount. As a result of the legislated
changes for the year ended March 31, 1991, EARS employer contributions were
generally lower than would have been the case under the aggregate cost
funding method. However, over the long-term, employer contributions are
expected to be higher under the modified projected unit credit funding
method than under the aggregate cost method.
Further, the legislation allows the reduction of non -State annual payments
for prior year employer contributions being amortized over 17 years by any
yearly surplus (estimated funding credits) resulting from the rolling
amortization. At March 31, 1991, the System established a reserve for
funding credits of $190 million reducing employer -contributions
receivable, based upon an actuarially determined estimate of 1992 employer
contributions that are not expected to be received under the modified
projected unit credit funding method.
The prior year contributions consist of non -State employer contributions
receivable for the fiscal years ended March 31, 1989 and 1988 and the State's
contribution receivable for the fiscal years ended March 31, 1986 and 1985.
Pursuant to Chapter 178 of the Laws of 1991 the State Legislature
authorized local governments to make available a retirement
incentive program with an estimated total cost of $47,336.80 for 2
Town of Ithaca employees.
The cost of the program will be billed and paid over five years beginning
December 15, 1992 and will include interest at 8.75%. This liability is
accounted for in General Long -Term Debt.
TOWN OF ITHACA
PAGE 10
The total pension liability for services rendered by covered employees
of the Town of Ithaca during the current fiscal year includes no
employers share and $21,617.37 paid by employees as a current contribution,
representing 0.00% and 2.412%, respectively, of the covered salaries
paid.
The total unpaid liability at the end of the fiscal year was $66,128.00
and is reported in the General Long -Term Debt Account Group.
The Pension Benefit Obligation (PBO) of credited projected benefits is
a standardized disclosure measure of the actuarial present value of
pension benefits, adjusted for the effects of projected salary increases
estimated to be payable in the future as a result of employees service to
date. The retirement system does not make separate measurements for
individual employers.
The PBO of credited projected benefits at March 31, 1991 for the
Employee's Retirement System determined through an actuarial valuation
performed as of that date is $40.08 billion. The net assets available
to pay benefits at that date is $42.91 billion. The Town's employer
contribution requirement was less than 1% of total contributions
required of all employers participating in this system.
Historical trend information showing the progress in accumulating sufficient
assets to pay benefits when due is presented in the Annual Financial Report
of the System. Additional detailed information concerning the system may also
be found in the Report.
The Town of Ithaca paid to the New York State Employee's Retirement System
$13,548.00 from General Fund Outside Village and $27,275.00 from Highway Fund
to buy back past service for two employees.
2.Short-Term Debt
Liabilities for bond anticipation notes (BAN'S) are generally accounted
for in the capital projects fund. Principal payments on BAN'S must be
made annually.
State law requires that BAN's issued for capital purposes be converted
to long-term obligations within five years after the original issue
date. However, BAN's issued for assessable improvement projects may be
renewed for periods equivalent to the maximum life of the permanent
financing, provided that stipulated annual reductions of principal
are made. As of 12/31/92 the Town of Ithaca had no short-term debt.
3.Lona-Term Debt
a. On December 31, 1991 the total outstanding indebtedness of the
Town of Ithaca aggregated $11,271,105.00. Of this amount,
$179,237.00 was subject to the Town's constitutional debt limit
and represented approximately 0.0063% of its debt limit.
TOWN OF ITHACA
PAGE 11
b. Serial Bonds - The Town of Ithaca borrows money in order to
acquire land, equipment or construct buildings and improvements. This
enables the cost of these capital assets to be borne by the present and future
taxpayers receiving the benefit of the capital assets. These long-term
liabilities which are full faith and credit debt of the Town are recorded
in the General Long -Term Debt Account Group. The provision to be made
in future budgets for capital indebtedness represents the amount
exclusive of interest, authorized to be collected in future
years form taxpayers and others for liquidation of the long-term
liabilities.
c. Other Long -Term Debt - In addition to the above long-term debt the
Town of Ithaca had the following noncurrent liabilities:
* Due to Employee's Retirement System: Represents the concurrent
.portion of the liability to the state retirement system.
* Installment Purchase Debt: Represents the remaining
installments due on the purchase of equipment.
* Compensated Absences: Represents the value of earned and
unused portion of the liability for compensated absences.
d. Summary Long -Term Debt - The following is a summary of long-term
liabilities outstanding at December 31, 1992 by fund type and
account group:
General Long -Term
Liability Debt Account Group
Serial Bonds $10,396,191.40
Installment Purchase .21,481.19
Unbilled Retirement 89,099.33
Compensated Absences 72,488.33
TOTAL GLTDAG 10,579,2&0.25
TOWN OF ITHACA
PAGE 12
e. The following
is summary of
changes in long-term
liabilities
02/01/94
for the period
ended December
31, 1992:
09/01/76
234,000
6.00%
Balance
Increases
Decreases
Balance
................ .... ................... ................ ........ ........................................
12/31/92
............................................................. .... ........... ...........
................................................ ....................... ........................................................................
06/01/98
12/31/92
......................................................... _.- .... ...........
Water & Sewer
Water Impr.
05/15/86
550,000
6.800
Serial Bonds
$11,143,437
51,868
799,114
10,396,191
........................ _............................................................................ _..
Unbilled
................................................ ............................
.............................. ...... ....... .... ............................... ....
.............. ......_................. ._._..... .......... .
........... ..................... ........................................... .._
Retirement
95,295
0
6,195
89,100
.. .......... ................ .,,...................................... ............. ...,...........,...............,,,................................
Installment
......,...............
....................... ........................................................... ,
,............ .:.._.......... _............. ....... ....... .............................
.................. ....................................... _..
Purchases
30,168
3,257
11,944
21,481
......,..... . .................. ................................. _.................................
Compensated
.............................................................................
................. .... ....................................................... _....
................. .....................................................
............ ........... _.................................. ....................
Absences
........... ._............. ._.................................. I.........................
35,904
,...,.........,..................... ........................................ ....................................
55,132
..................................... _.........
18,548
.,........................ .................................... ........
72,488
.................. _.......................... ....... ...... .__..............
TOTAL LONG
Joint Sewer
05/15/86
2,100,000
6.80%
TERM DEBT$11,304,804
:::::::::::::::::::::::.::.::.:::::::..::..:.:..:.....:::::.::.::...:::.:.......::..:....:.:..:.::::::::.:.:...:::.:
1,565,000
110,257
.:..:u::,:,:,:,:::,:::,::::,:,,,:,:,,,,,:,,,:,,,:::::.:::.:::,::::::::::::::::::::,:::::::::::.....:::::,:....,,,,,:,,:,,,,,:,,,:::,,,,:::,:,,:,:::,:,,,,::,::,::,:,,,,,::,::,:,,:,::::::::::::,:..................,:,,:,,:
835,801
10,579,260
f. Long -Term Debt
Maturity Schedule
- The following
is a statement
1989
of serial bonds
with corresponding
maturity schedules.
7.30%
03/01/08
Payable from Original Original Interest Date of Outstg
Issue Date Amount Rate (%) Final Balance
Maturity
WATER FUND
E. State St.
02/01/54
150,000
2.600
02/01/94
9,000
1976
Water Impr.
09/01/76
234,000
6.00%
03/01/03
75,500
1983
Publ Impr-W
05/01/83
172,172
7.100
06/01/98
65,780
1984
Water Impr.
05/15/86
550,000
6.800
05/15/06
400,000
1989
Publ Impr-W.
03/01/89
1,246,000
7.300
03/01/08
1,064,160
1991
Publ Impr-W.
07/26/91
2,337,000
6.6250
07/26/11
2,245,000
SEWER FUND
1976
Sewer Impr.
09/01/76
1,733,000
6.00%
03/01/03
414,500
1983
Publ Impr-S.
05/01/83
429,828
7.100
06/01/98
164,220
Joint Sewer
05/15/86
2,100,000
6.80%
05/15/06
1,565,000
1984
Sewer Impr.
05/15/86
180,000
6.80%
05/15/06
135,000
1989
Publ Impr-S.
03/01/89
1,334,000
7.30%
03/01/08
1,150,840
1991
Publ Impr-S.
07/26/91
2,128,000
6.625%
07/26/11
2,045,000
TOTAL
$ 9,334,000
* Excludes SCLIWC Bond debt outstanding of $958,454 which is paid
from water benefit assessments and water rents which the Town remits
to SCLIWC.
TOWN OF ITHACA
g. The following table summarizes the Town of Ithaca's future
debt service requirements as of December 31, 1992.
Serial Bonds
Year ending date:
Principal
Interest
1993
824,114
685,048
1994
839,114
629,717
1995
844,114
563,451
1996
824,114
517,183
1997-2001
2,695,000
1,937,268
2002-2006
2,715,000
1,033,859
2007-2011
1,550,000
270,338
C. INTERFUND RECEIVABLES AND PAYABLES
There were.no interfund receivables or payables at 12/31/92
D. FUND EQUITY
PAGE 13
1. Reserves
The Highway fund equity includes reserve funds established for
highway machinery. The balance at the end of 1992 was $19,628.00
This reserve fund was established by the Board resolution on November
9, 1984, and any unexpended appropriation for machinery at year end
is to be transferred to the reserve fund. The reserve fund was
increased by $728.00 interest earned and $.00 unexpended
machinery appropriations for 1992.
2. Sewer Fund Balance
The Sewer Fund balance is largely committed to debt repayment for the
local share of the construction costs of the jointly -owned Ithaca
Area Wastewater Treatment Plant benefit charge stabilization; and
repair, replacement, and maintenance of the sewer system. The Town
Board has requested assistance from the Town's auditors to establish
sewer reserve funds to reflect these commitments.
E. LEASE COMMITMENTS AND LEASED ASSETS
The Town of Ithaca leases computer and fax equipment under
installment purchase lease agreements. Total expenditures on such
leases for the fiscal year ended December 31, 1992, were
approximately $8,253 plus interest. All installment purchase
agreements contain "Non -appropriation" clauses, so there is no future
non -cancelable lease commitment.
III. JOINT VENTURES
The following are activities undertaken jointly with other
municipalities. These activities are excluded from the financial
statements of all participating municipalities. Separate finaficial
statements are issued for such joint ventures.
TOWN OF ITHACA
PAGE 14
The Town of Ithaca is a participant in the Southern Cayuga Lake
Intermunicipal Water Commission, along with the Towns of Lansing and
Dryden, and the Villages of Lansing and Cayuga Heights.
The Supervisor of the Town of Ithaca serves as Treasurer for the Water
Commission; however, the Commission operates as a separate entity and
submits a joint activity annual report under separate cover. The
joint activity serial bonds shown on the Statement of Indebtedness,
p. 112, is the Town of Ithaca's portion of the joint indebtedness of
the Water Commission and is in actuality a contingent liability. The
Water Commission pays the principal and interest payments on these
bonds from water sale revenues and benefit assessment proceeds
received from each participating municipality.
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.
It is expected that 12-1/2% of the cost will be borne by the
participants, the balance being federally and state aided.
Capital cost allocated to the Town of Ithaca will be 41.574%
of the total.
�j
ALL NUMBERS IN THIS REPORT
MUST BE ROUNDED TO THE
NEAREST DOLLAR
ANNUAL FINANCIAL REPORT
UPDATE DOCUMENT
FOR THE
TOWN OF ITHACA
COUNTY OF TOMPKINS
FOR THE FISCAL YEAR ENDED 1992
3E ?E*xx�',EX�3E�?E'.E��-3E�iE%yE'.E���:���E-.`E�3E�;t',E3E#',E�'.E�x'•E�',c'a:x'3E',EiE�E3E��iE��.x'�E;E'��E��#��E#',E:E3c��E:E'.Eicz�
*AUTHORIZATION*
ARTICLE 3, SECTION 30 OF THE GENERAL'MUNICIPAL LAW:
1. *** EVERY MUNICIPAL CORPORATION *** SHALL ANNUALLY MAKE A REPORT OF
ITS FINANCIAL CONDITION TO THE COMPTROLLER. SUCH REPORT SHALL BE MADE BY
THE CHIEF FISCAL OFFICER OF SUCH MUNICIPAL CORPORATION ***
5. ALL REPORTS SHALL BE CERTIFIED BY THE OFFICER MAKING THE SAME AND SHALL
BE FILED WITH THE COMPTROLLER WITHIN SIXTY DAYS AFTER THE CLOSE OF THE
FISCAL YEAR OF SUCH MUNICIPAL CORPORATION *** IT SHALL BE THE DUTY OF THE
INCUMBENT OFFICER AT THE TIME SUCH REPORTS ARE REQUIRED TO BE FILED WITH
THE COMPTROLLER TO FILE SUCH REPORT ***
STATE OF NEW YORK
OFFICE OF THE STATE COMPTROLLER
DIVISION OF MUNICIPAL AFFAIRS
ALBANY, NEW YORK 12236
1
I I`
*CERTIFICATION OF FISCAL OFFICER*
I, Shirley Raffensnerger , CERTIFY THAT I AM THE CHIEF FISCAL OFFICER
�AND THAT THE INFORMATION INCLUDED HEREIN IS TRUE AND CORRECT TO THE BEST OF
MY KNOWLEDGE AND BELIEF.
•
*INQUIRY*
01 SIGNATU E
Town Supervisor
TITLE
126 E. Seneca Street.
OFFICIAL ADDRESS
OFFICIAL ADDRESS
4/15/93
DATE
( 607 ) 273-1721
OFFICE TELEPHONE NUMBER
IF YOU HAVE ANY QUESTIONS RELATING•TO THIS DOCUMENT PLEASE CALL:
FILING REQUIREMENTS (518) 474-4014
ACCOUNTING REQUIREMENTS (518) 474-6023
*PLEASE MAIL COMPLETED DOCUMENT TO:
STATE OF NEW YORK
OFFICE OF THE STATE COMPTROLLER
DIVISION OF MUNICIPAL AFFAIRS
BUREAU OF MUNICIPAL RESEARCH AND STATISTICS
GOV. ALFRED E. SMITH STATE OFFICE BUILDING (10TH FLOOR)
ALBANY, NEW YORK 12236
ATTENTION : JEFFREY MADEJ
•
2
1 l" C
*FINANCIAL SECTION *
FINANCIAL INFORMATION FOR THE FOLLOWING FUNDS AND ACCOUNT GROUPS WAS
INCLUDED IN THE ANNUAL FINANCIAL REPORT FILED BY YOUR GOVERNMENT FOR THE
FISCAL YEAR ENDED 1991 AND HAS BEEN USED BY THE OSC AS THE BASIS FOR
PREPARING THIS UPDATE DOCUMENT FOR YOUR FISCAL YEAR ENDED 1992:
(A) GENERAL FUND
(B) GENERAL TOWN OUTSIDE VILLAGE FUND
(DB) PART TOWN HIGHWAY FUND
(F) WATER FUND
(G) SEWER FUND
(H) CAPITAL PROJECTS FUND
(K) GENERAL FIXED ASSETS GROUP OF ACCOUNTS
(SF) SPECIAL DISTP.ICT(S) - FIRE PROTECTION
(SL) SPECIAL DISTRICTS) - LIGHTING_
(TA) AGENCY FUND
(TE) EXPENDABLE TRUST
(V) DEBT SERVICE FUND
(W) GENERAL LONG TERM DEBT GROUP OF ACCOUNTS
ALL AMOUNTS INCLUDED IN THIS UPDATE DOCUMENT FOR 1991 REPRESENT THE DATA
FILED BY YOUR GOVERNMENT WITH THE OSC AS REVIEWED AND ADJUSTED WHERE
NECESSARY. IF ANY FUNDS WERE USED IN 1992 THAT WERE NOT USED IN 1991,
PLEASE LIST BELOW. A .FORM TO REQUEST ADDITIONAL OR BLANK FUND
STATEMENTS IS INCLUDED IN THIS MAILING.
0 *** SUPPLEMENTAL SECTION ***
THE SUPPLEMENTAL SECTION INCLUDES THE FOLLOWING SECTIONS:
1) STATEMENT OF INDEBTEDNESS
2) SCHEDULE FOR REPORTING VARIABLE RATE, DISCOUNTED,
AND/OR NEGOTIATED BONDS AND NOTES
3) SCHEDULE FOR REPORTING ALL'INSTALLMENT PURCHASE
CONTRACTS/CERTIFICATES OF PARTICIPATION
4) SCHEDULE OF TIME DEPOSITS AND INVESTMENTS
5) BANK RECONCILIATION
6) REAL PROPERTY TAX LEVY AND RELATED INFORMATION
7) LOCAL GOVERNMENT QUESTIONAIRE
8) NOTICE OF TORT CLAIMS
ALL NUMBERS IN THIS REPORT MUST BE ROUNDED TO THE NEAREST DOLLAR..
ol
3
I @'
**# FINANCIAL SECTION *#*
R°
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(A) GENERAL FUND
BALANCE SHEET
DESCRIPTION
ASSETS
CASH
CASH IN TIME DEPOSITS
PETTY CASH
TOTAL CASH
INVESTMENTS IN REPURCHASE
AGREEMENTS
TOTAL INVESTMENTS
ACCOUNTS RECEIVABLE
• TOTAL OTHER RECEIVABLES
(NET)
STATE & FEDERAL OTHER
TOTAL STATE AND FEDERAL
AID RECEIVABLES
DUE FROM OTHER FUNDS
TOTAL DUE FROM OTHER
FUNDS
DUE FROM OTHER GOVERNMENTS
TOTAL DUE FROM OTHER
GOVERNMENTS
TOTAL ASSETS
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1991 CODE YEAR ENDED 1992
52,246
A200
1,399
81,884
A201
127.263
200
A210
300
A
A
84,330
128.962
50,000
A451
160.320
A
A
50,000
160.320
426
A380
_
617
A
A
426
617
12,100
A410
4,200
A
A
12,100
4,200
419
A391
0
A
A
419
0
2,101
A440
19-519
A
A
2,101
15,519
149,376
109,618
5
1 9°
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
•
(A) GENERAL FUND
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
LIABILITIES AND FUND EQUITY
ACCOUNTS PAYABLE
511,557
A600
$ 23,670
A
A
TOTAL ACCOUNTS PAYABLE
11,557
23,670
ACCRUED LIABILITIES
4,996
A601
4,112
A
A
TOTAL ACCRUED
LIABILITIES
4,996
4,112
TOTAL
TOTAL LIABILITIES
16,553
97,7R_
•
RESERVE FOR ENCUMBRANCES
736
A821
2,708
A
A
TOTAL RESERVE FOR
ENCUMBRANCES
736
2,708
UNRESERVED FUND BALANCE
APPROPRIATED
0
A910
g,8R2
A
A
TOTAL UNRESERVED FUND
BALANCE —
APPROPRIATED
0
85,882
UNRESERVED FUND BALANCE
UNAPPROPRIATED
132,087
A911
_ 193,246
A
A
TOTAL UNRESERVED FUND
BALANCE
UNAPPROPRIATED
132,087
193,246
TOTAL
TOTAL FUND EQUITY
132,823
281,836
6
1 is
•
(A) GENERAL FUND
BALANCE SHEET
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
LIABILITIES AND FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
•
I
7
149,376
■ ■ v
TOWN OF ITHACA
C3
� �e
ANNUAL UPDATE DOCUMENT
•
FOR
THE FISCAL YEAR ENDED
1992
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
DETAIL REVENUES AND OTHER
SOURCES
REAL PROPERTY TAXES
5650,515
A1001
769,440
A
A
TOTAL REAL PROPERTY
TAXES
650,515
769,440
OTHER PAYMENTS IN LIEU OF
TAXES
12,400
A1081
11,867
INTEREST & PENALTIES ON REAL
PROP TAXES
7,423
A1090
18,945
A
A
TOTAL REAL PROPERTY TAX
ITEMS
19,823
30,812
•
NON PROP TAX DIST BY COUNTY
0
A1120
0
A
A
TOTAL NON PROPERTY TAX
ITEMS
0
0
CLERK FEES
1,373
A1255
1,891
PUBLIC POUND CHARGES, DOG
CONTROL FEES
810
A1550
785
OTHER HOME & COMMUNITY
SERVICES INCOME
11380
A2189
0
A
A
TOTAL DEPARTMENTAL
INCOME
3,563
2,676
YOUTH RECREATION SERVICES,
OTHER GOVTS
2,100
A2350
4,250
A
A
TOTAL INTERGOVERNMENTAL
CHARGES
2,100
4,250
INTEREST AND EARNINGS
14,933
A2401
16,473
A
•
A
C3
� �e
•
(A) GENERAL FUND
RESULTS OF OPERATIONS
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
0
FOR THE FISCAL
EDP
FOR THE
FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED
1992
DETAIL REVENUES AND OTHER
SOURCES
TOTAL USE OF MONEY AND
PROPERTY
*14,933
$ 16,473
DOG LICENSES
4,084
A2544
5.336
A
A
TOTAL LICENSES AND
PERMITS
4,084
5,336
FINES AND FORFEITED BAIL
49,819
A2610
4n,;96
A
A
TOTAL FINES AND
FORFEITURES
49,819
40,596
SALES OF REAL PROPERTY
0
A2660
0
SALES OF EQUIPMENT
419
A2665
198
INSURANCE RECOVERIES
805
A2680
4,063
A
A
TOTAL SALE OF PROPERTY
AND COMPENSATION FOR
LOSS
1,224
4,261
REFUNDS OF PRIOR YEAR'S
EXPENDITURES
3,317
A2701
238
UNCLASSIFIED (SPECIFY)
5,116
A2770
1,212
A
A
TOTAL MISCELLANEOUS
LOCAL SOURCES
8,433
1,450
INTERFUND REVENUES
54,621
A2801
47,441
A
A
TOTAL INTERFUND
REVENUES
54,621
47,441
ST AID, REVENUE SHARING
47,515
A3001
0
ST AID, MORTGAGE TAX
171,454
A3005
251,418
ST AID - OTHER (SPECIFY)
•
2,501
A3089
0
0
TOWN OF ITHACA
11
10
1 R°
ANNUAL UPDATE DOCUMENT
FOR
THE FISCAL YEAR ENDED
1992
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
DETAIL REVENUES AND OTHER
SOURCES
ST AID, RECREATION FOR
ELDERLY
$1,059
A3801
$ 0
ST AID, YOUTH PROGRAMS
2,100
A3820
4:869
SARA GRANT
A3060
4.174
A
TOTAL STATE AID
224,629
260.461
BALANCING CODE
1
A4888
1
A
A
TOTAL FEDERAL AID
1
TOTAL
TOTAL REVENUES
1,033,745
1,183,197
INTERFUND TRANSFERS
0 -A5031
A
A
TOTAL INTERFUND
TRANSFERS
0
TOTAL
TOTAL OTHER SOURCES
0
TOTAL DETAIL REVENUES
AND OTHER SOURCES
1,033,745
1 , 1 Al. 1 97
11
10
1 R°
•
(A) GENERAL FUND
RESULTS OF OPERATIONS
DESCRIPTION
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL EXPENDITURES AND OTHER USES
LEGISLATIVE BOARD, PERS SERV
LEGISLATIVE BOARD, CONTR
EXPEND
TOTAL LEGISLATIVE BOARD
MUNICIPAL COURT, PERS SERV
MUNICIPAL COURT, EQUIP & CAP
OUTLAY
MUNICIPAL COURT, CONTR EXPEND
TOTAL MUNICIPAL COURT
SUPERVISOR,PERS SERV
SUPERVISOR,CONTR EXPEND
SUPERVISOR, EQUIP
TOTAL SUPERVISOR
•AUDITOR, CONTR EXPEND
TOTAL AUDITORS
TAX COLLECTION,PERS SERV
TAX COLLECTION,CONTR EXPEND
TAX COLLECTION, EQUIP
TOTAL TAX COLLECTION
BUDGET, PERS SERV
BUDGET, CONTR EXPEND
RUDGET, EQUIP
TOTAL BUDGET
CLERK,PERS SERV
CLERK,CONTR EXPEND
CT,RRK,EQUTP
TOTAL CLERK
LAW, CONTR EXPEND
TOTAL LAW
PERSONNEL, PERS SERV
•
$30,000 A1010.1 $ -30,000
2,590 A1010.4
A
32,590 A1010.0
35,865 A1110.1
315
A1110.2
3,365
A1110.4
A
39,545
A1110.0
43,120
A1220.1
2,028
A1220.4
A1220.2
45,148
A1220.0
4,460
A1320.4
A
4,460
A1320.0
8,633
A1330.1
2,289
A1330.4
A1330.2
10,922
A1330.0
26,680
A1340.1
3,742
A1340.4
1140, 2
30,422
A1340.0
48,794
A1410.1
1,579
A1410.4
A_1410, 2
50,373
A1410.0
32,956
A1420.4
A
32,956
A1420.0
31,296.
A1430.1
11
41,005
27,354
943
200
28,497
4,000
E ®r
•
(A) GENERAL FUND
RESULTS OF OPERATIONS
DESCRIPTION
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL EXPENDITURES AND OTHER USES
PERSONNEL, CONTR EXPEND
52,284
A1430.4
PERSONNEL, EQUIP
6,531
A1430.2
TOTAL PERSONNEL
33,580
A1430.0
ENGINEER, PERS SERV
121,215
A1440.1
ENGINEER, EQUIP & CAP OUTLAY
4,733
A1440.2
ENGINEER, CONTR EXPEND
8,061
A1440.4
1.9,803
A
TOTAL ENGINEER.
134,009
A1440.0
ELECTIONS, EQUIP & CAP OUTLAY
790
A1450.2
ELECTIONS, CONTR EXPEND
33,949
A1450.4
ELECTIONS, PERS. SERV.
A1450.1
TOTAL ELECTIONS
34,739
A1450.0
BUILDINGS, PERS SERV
10,192
A1620.1
BUILDINGS, CONTR EXPEND
19,151
A1620.4
BUILDINGS, EQUIP
A1620.2
TOTAL OPERATION OF PLANT
29,343
A1620.0
CENTRAL PRINT & MAIL, EQUIP &
CAP OUTLAY
17,300
A1670.2
CENTRAL PRINT & MAIL,CONTR
EXPEND
45,664
A1670.4
A
TOTAL CENTRAL PRINTING AND
MAILING
62,964
A1670.0
UNALLOCATED INSURANCE, CONTR
EXPEND
78,761
A1910.4
A
TOTAL UNALLOCATED INSURANCE
78,761
A1910.0
MUNICIPAL ASSN DUES, CONTR
EXPEND
1,305
A1920.4
A
TOTAL MUNICIPAL ASSN DUES
1,305
A1920.0
12
3,248
570
34,517
128,463
0
6,531
7,104
12,678
142,098
0
4,733
7,945
12,678
11,052
20,298
178
31,528
1.9,803
49.687
9 9I
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR THE FISCAL YEAR ENDED 1992
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991
DETAIL EXPENDITURES AND OTHER USES
TOTAL GENERAL GOVERNMENT
SUPPORT
POLICE, PERS SERV
POLICE, CONTRACTUAL
TOTAL POLICE DEPARTMENT
TRAFFIC CONTROL, CONTR EXPEN
TOTAL TRAFFIC CONTROL
•CONTROL OF ANIMALS, CONTR
EXPEND
TOTAL CONTROL OF DOGS
TOTAL PUBLIC SAFETY
STREET ADMIN, PERS SERV
STREET ADMIN, EQUIP & CAP
OUTLAY
STREET ADMIN, CONTR EXPEND
TOTAL HIGHWAY AND STREET
ADMIN
GARAGE, EQUIP & CAP OUTLAY
•
13
621,117
6,196
6,196
334
334
13,919
13,919
20,449
41,472
1,220
3,226
45,918
.4,693
EDP FOR THE FISCAL
CODE YEAR ENDED 1992
A S
A
A
A
A
602,443
A3120.1
7,800
A3120.4
80
A3120.0
7,880
A3310.4
207
A
A3310.0
207
A3510.4
14,365
A
A3510.0
14,365
A
A
A
A
A
22,452
A50 10. 1
46,068
A5010.2
2,924
A5010.4
3,194
A
A50 10 . 0
52,186
A5132.2
3,175
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(A) GENERAL FUND
is RESULTS OF OPERATIONS
1
14
FOR THE FISCAL
EDP FOR
THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE YEAR
ENDED 1992
.N
DETAIL EXPENDITURES AND OTHER
USES
E
GARAGE, CONTR EXPEND
$29,739
A5132.4 $
28,527
A
E
TOTAL GARAGE
34,432
A5132.0
31,702
STREET LIGHTING, CONTR EXPEND
37,351
A5182.4
39,141
P4
A
TOTAL STREET LIGHTING
37,351
A5182.0
39,141
T'
BUS OPERATIONS, CONTR EXPEND
8,767
A5630.4
7,600
A
T'
TOTAL PUBLIC TRANSPORATION
8,767
A5630.0
7,600
A
A
UI
A
A
_
A
TOTAL TRANSPORTATION
126,468
130,629
PLAYGR & REC CENTERS, CONTR
EXPEND
5,665
A7140.4
7,739
A
TOTAL PLAYGROUNDS AND
RECREATION CENTERS
5,665
A7140.0
7,739
JOINT YOUTH PROG, CONTR
EXPEND
171,628
A7320.4
178,532
A
TOTAL JOINT YOUTH PROGRAM
171,628
A7320.0
178,532
HISTORIAN
HISTORIAN, PERS SERV
A7510.1
170
HISTORIAN, CONTR. EXPEND
A7510.4
5,479
A
A
TOTAL HISTORIAN
A7510.0
5,649
TOTAL CULTURE AND
RECREATION
177,293
191,920
1
14
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(A) GENERAL FUND
RESULTS OF OPERATIONS
15
3 g
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
DETAIL EXPENDITURES AND OTHER
USES
UNEr PLOYMENT INS
A9050.8
4,700
STATE RETIRE14ENT
A9010.8
622
SOCIAL SECURITY, EMPLOYER
CONT
28,813
A9030.8
32-.116
WORKER'S COMPENSATION, EMPL
-
BNFTS
6,927
A9040.8
2,747
DISABILITY INSURANCE, EMPL
BNFTS
1,075
A9055.8
1,028
HOSPITAL & MEDICAL (DENTAL)
INS, EMPL BNFT
43,054
A9060.8
45,528
TOTAL EMPLOYEE BENEFITS
79,869
86,741
TOTAL EXPENDITURES
1,025,196
1,034,185
TOTAL DETAIL EXPENDITURES
AND OTHER USES
1,025,196
1,034.185
15
3 g
� 1
U
•
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY -BEGINNING OF YEAR* $124,274 A8021 5132,823
ADD - REVENUES AND OTHER
SOURCES 1,033,745 �-183,197
DEDUCT - EXPENDITURES AND
OTHER. USES 1,025,196 1,034,185
FUND EQUITY -END OF YEAR* 132,823 A8029 281,835
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR FUND EQUITY FOR PROPRIETARY FUNDS.
PRIOR PERIOD ADJUSTMENTS ARE LIMITED TO ADJUSTMENTS ON PREVIOUSLY
ISSUED FINANCIAL STATEMENTS RESULTING FROM CHANGES IN ACCOUNTING
PRINCIPLES. CORRECTIONS OF ERRORS MUST BE DETAILED BELOW SO THE
PROPER ACCOUNTS IN THE PRIOR YEAR(S) AUD CAN BE ADJUSTED. IF
THESE ADJUSTMENTS.ARE NOT DETAILED THEY WILL BE RECORDED AS
REVENUES OR EXPENDITURES IN THE CURRENT YEAR AND TREATED AS
UNSUBSTANTIATED PRIOR PERIOD ADJUSTMENTS.
S
16
A [°
TOWN OF ITHACA
•
17
9 �'
ANNUAL UPDATE DOCUMENT
FOR THE
FISCAL YEAR ENDED
1992
(A) GENERAL FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
ESTIMATED REVENUES AND OTHER
SOURCES
EST REV - REAL PROPERTY TAXES
$650,515
A1049M
$ 769,440
EST REV - REAL PROPERTY TAX
ITEMS
51000
A1099M
17,010
EST REV - NON PROPERTY TAX
ITEMS
0
A1199M
0
EST REV - DEPARTMENTAL INCOME
3,100
A1299M
3,9pp
EST REV - INTERGOVERNMENTAL
CHARGES
9,500
A2399M
6�gQp
EST REV - USE OF MONEY AND
PROPERTY
91000
A2499M
1L11OO
EST REV - LICENSES AND
PERMITS
51000
A2599M
5,200
EST REV - FINES AND
FORFEITURES
34,000
A2649M
33,112
EST REV -MISCELLANEOUS LOCAL
11500
A2799M
1,000
•SOURCES
EST REV - STATE AID
354,000
A3099M
202,156
INTERFUND REVENUES
A28O1 M
0
A M
TOTAL ESTIMATED
REVENUES
1,071,615
1,047,118
ESTIMATED - INTERFUND
TRANSFER
49,910
A5031M
59,180
APPROPRIATED FUND BALANCE
4,951
A 599M
471
A M
A M
TOTAL ESTIMATED OTHER
SOURCES
54,861
59,651
M
M
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
1,126,476
1,106,769
•
17
9 �'
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(A) GENERAL FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
APPROPRIATIONS
APP — GENERAL GOVERNMENT
SUPPORT
APP — PUBLIC SAFETY
APP — TRANSPORTATION
APP — CULTURE AND RECREATION
APP—EMPLOYEE BENEFITS
TOTAL ESTIMATED
EXPENDITURES
TOTAL APPROPRIATIONS
$701,596
A1999M $ 656364
21,132
A3999M 23,345
128,220
A5999M 132,983
179,928
A7999M 1933582
95,600
A9199M 100,495
A M
A M
1,126,476
1,126,476
18
M
M
1,106,769
A
Ra
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR
THE FISCAL YEAR ENDED
1992
(A) GENERAL FUND
SUMMARY OF FINAL BUDGET
AS MODIFIED
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
OUTSTANDING ENCUMBRANCES
GENERAL GOVT. SUPPORT -
ENCUMBR.
$408
A1998M
$ 909
PUBLIC SAFETY - ENCUMBR.
0
A3998M
TRANSPORTATION - ENCUMBR.
328
A5998M
1,799
A M
A M
TOTAL OUTSTANDING
ENCUMBRANCES
736
2,708
•
19
TOWN OF ITHACA
20
ANNUAL UPDATE DOCUMENT
FOR
THE FISCAL YEAR ENDED
1992
•
(B) GENERAL TOWN OUTSIDE
VILLAGE FUND
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE
FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED
1992
ASSETS
CASH
$3,262
B200
$ 14,539
CASH IN TIME DEPOSITS
153,080
B201
230,838
PETTY CASH
200
B210
200
B
B
TOTAL CASH
156,542
245,577
INVESTMENTS IN.REPURCHASE
AGREEMENTS
200,000
B451
44,589
B
B
TOTAL INVESTMENTS
200,000
44,589
ACCOUNTS RECEIVABLE
100
B380
191
B
•B
TOTAL OTHER RECEIVABLES
(NET)
100
191
STATE & FEDERAL RECEIVABLES
644
B410
0
B
B
TOTAL STATE AND FEDERAL
AID RECEIVABLES
644
0
DUE FROM OTHER FUNDS
1,559
B391
0
B
B
TOTAL DUE FROM OTHER
FUNDS
1,559
0
358,845
290,357
TOTAL ASSETS
20
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR
THE FISCAL YEAR ENDED
1992
(B) GENERAL TOWN OUTSIDE
VILLAGE FUND
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
LIABILITIES AND FUND EQUITY
.,
ACCOUNTS PAYABLE
$16,426
B 6 0 0
$ 289409-
B
B
TOTAL ACCOUNTS PAYABLE
16,426
28,402
ACCRUED LIABILITIES
5,246
B601
-4,774
B
B
TOTAL ACCRUED
LIABILITIES
5,246
3,774
TOTAL
TOTAL LIABILITIES
21,672
32,176
IDRESERVE
FOR ENCUMBRANCES
23,356
B821
2,219
B
B
TOTAL RESERVE FOR
ENCUMBRANCES
23,356
2;219
UNRESERVED FUND BALANCE
APPROPRIATED
0
B910
0
B
B
TOTAL UNRESERVED FUND
BALANCE -
APPROPRIATED
0
0
UNRESERVED FUND BALANCE
UNAPPROPRIATED
313,817
B911
255,962
B
B
TOTAL UNRESERVED FUND
BALANCE -
255,962
UNAPPROPRIATED
313,817
TOTAL
•
TOTAL FUND EQUITY
337,173
258,181
21
v
Ag
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(B) GENERAL TOWN OUTSIDE VILLAGE FUND
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
LIABILITIES AND FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
•
•
22
358,845
290,357
I II
23
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR
THE FISCAL YEAR ENDED
1992
•
(B) GENERAL TOWN OUTSIDE
VILLAGE FUND
RESULTS OF OPERATIONS
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
DETAIL REVENUES AND OTHER
SOURCES
SALES TAX (FROM COUNTY)
$1,130,486
B1120
$ 1.189.410
FRANCHISES
19,018
B1170
21,502
B
B
TOTAL NON PROPERTY TAX
ITEMS
1,149,504
1,203,932
ZONING FEES
41,501
B2110
38,840
PLANNING BOARD FEES
8,067
B2115
2,477
C.Q.FPi%TELL CST
B2189
30,000
B
TOTAL DEPARTMENTAL
INCOME
49,568
71,317
INTEREST AND EARNINGS
18,938
B2401
14,892
B_
B
TOTAL USE OF MONEY AND
PROPERTY
18,938
14,892
SALES OF EQUIPMENT
574
B2665
n
B
B
TOTAL SALE OF PROPERTY
AND COMPENSATION FOR
LOSS
574
UNCLASSIFIED (SPECIFY)
6,214
B2770
0
GIFTS & DONATIONS
B2705
14,649
GEIS STUDY
B2771
44,126
TOTAL MISCELLANEOUS
LOCAL SOURCES
6,214
589775
ST AID, STATE REVENUE SHARING
25,033
B3001
61,376
ST AID, OTHER AID FOR PUBLIC
SAFETY
7,517
B3389
0
B
B
TOTAL STATE AID
32,550
61,376
BALANCING CODE
1
B4888
• 1
23
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR THE FISCAL YEAR ENDED 1992
(B) GENERAL TOWN OUTSIDE VILLAGE FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL REVENUES.AND OTHER SOURCES
TOTAL FEDERAL AID
TOTAL
TOTAL REVENUES
TOTAL DETAIL REVENUES
AND OTHER SOURCES
•
B $
B
1
1,257,349 1.410.292
1,257,349 1,410,292
24
� �e
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(B) GENERAL TOWN OUTSIDE VILLAGE FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL EXPENDITURES AND OTHER USES
LAW, CONTR EXPEND $38,715 B1420.4 44,071
B
TOTAL LAW 38,715 B1420.0 44;071
CENTRAL PRINT & MAIL, CONTR
EXPEND 2,160 B1670.4 1 .549
B
TOTAL CENTRAL PRINTING & MAIL 2,160 B1670.0 1,549 _
B
B
B
B
B
TOTAL GENERAL_ GOVERNMENT
SUPPORT 40,875 45,6?n
TRAFFIC CONTROL, CONTR EXPEN 4,304 B3310.4 3rg5f{
B
TOTAL TRAFFIC CONTROL 4,304 B3310.0 395R
B
B
B
B
B
TOTAL PUBLIC SAFETY 4,304 3,58
BUS OPERATIONS, CONTR EXPEND 4,013 B5630.4 S,ZGA
B
TOTAL PUBLIC TRANSPORTATION 4,013 B5630.0 5,76p
B
B
B
B
B
S
25
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(B) GENERAL TOWN OUTSIDE VILLAGE FUND
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991
DETAIL EXPENDITURES AND OTHER USES
TOTAL TRANSPORTATION
PLAYGR & REC CENTERS, PERS
SERV
PLAYGR & REC CENTERS, EQUIP &
CAP OUTLAY
PLAYGR & REC CENTERS, CONTR
EXPEND
TOTAL PLAYGROUNDS AND
RECREATION CENTERS
TOTAL CULTURE AND
RECREATION
ZONING, PERS SERV
ZONING, EQUIP & CAP OUTLAY
ZONING, CONTR EXPEND
TOTAL ZONING
PLANNING, PERS SERV
PLANNING, EQUIP'& CAP OUTLAY
PLANNING, CONTR EXPEND
TOTAL PLANNING
n
26
54,013
62,763
3,437
31,562
97,762
97,762
91,874
89
6,934
98,897
137,805
872
49,046
187,723
EDP
CODE
B7140.1
B7140.2
B7140.4
B
13aE til wt,
B
B
B -
B
B
B8010.1
B8010.2
B8010.4
B
B8010.0
B8020.1
B8020.2
B8020.4
B
B8020.0
B
B
B
B
B
FOR THE FISCAL
YEAR ENDED 1992
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(B) GENERAL TOWN OUTSIDE VILLAGE FUND
RESULTS OF OPERATIONS
27
I B'
FOR THE FISCAL
EDP FOR
THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE YEAR
ENDED 1992
DETAIL EXPENDITURES AND OTHER
USES
TOTAL HOME AND COMMUNITY
SERVICES
$286,620
$
349,587
ST. RETIREMENT
B9010.8
14,416
SOCIAL SECURITY , EMPL BNFTS
21,075
B9030.8
23,607
WORKER'S COMPENSATION, EMPL
BNFTS
7,300
B9040.8
n
UNEMPLOYMENT INSURANCE, EMPL
BNFTS
2,628
B9050.8
974
DISABILITY INSURANCE, EMPL
BNFTS
698
B9055.8
699
HOSPITAL 8 MEDICAL (DENTAL)
INS, EMPL BNFT
27,924
B9060.8
16,446
TOTAL EMPLOYEE BENEFITS
59,625
76,149
TOTAL EXPENDITURES
493,199
619_7R5_
TRANSFERS, OTHER FUNDS
670,000
B9901.9
Rsn-,ono
TOTAL TRANSFERS
670,000
Rqn-nnn
TOTAL OTHER USES
670,000
g_Sn n,n n
TOTAL DETAIL EXPENDITURES
AND OTHER USES
1,163,199
1 4pg, gg 5
27
I B'
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL. YEAR ENDED 1992
(B) GENERAL TOWN OUTSIDE VILLAGE FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ANALYSIS OF CHANGES IN FUND .EQUITY
FUND EQUITY — BEGINNING OF
YEAR*
ADD — REVENUES AND OTHER
SOURCES
DEDUCT — EXPENDITURES AND
OTHER USES
FUND EQUITY — END OF YEAR*
5243,023
1,257,349
1,163,199
337,173
B8021
$337,173
1,410a992--_
1,489,285
B8029 258,181
TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR FUND EQUITY FOR PROPRIETARY FUNDS.
PRIOR PERIOD ADJUSTMENTS ARE LIMITED TO ADJUSTMENTS ON PREVIOUSLY
ISSUED FINANCIAL STATEMENTS RESULTING FROM CHANGES IN ACCOUNTING
PRINCIPLES. CORRECTIONS OF ERRORS MUST BE DETAILED BELOW SO THE
PROPER ACCOUNTS IN THE PRIOR YEAR(S) AUD CAN BE ADJUSTED. IF
THESE ADJUSTMENTS ARE NOT DETAILED THEY WILL BE RECORDED AS
REVENUES OR EXPENDITURES IN THE CURRENT YEAR AND TREATED AS
UNSUBSTANTIATED PRIOR PERIOD ADJUSTMENTS.
n I
TOWN OF ITHACA
C
S
29
I 1'
ANNUAL UPDATE DOCUMENT
FOR
THE FISCAL YEAR ENDED
1992
•
(B) GENERAL TOWN OUTSIDE
VILLAGE FUND
SUMMARY OF FINAL BUDGET
AS MODIFIED
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
ESTIMATED REVENUES AND OTHER
SOURCES
EST REV - NON PROPERTY TAX
ITEMS
$1,236,758
B1199M
$ 1,3h7,000
EST REV - DEPARTMENTAL INCOME
39,000
B1299M
67:200
EST REV - USE OF MONEY AND
PROPERTY
8,500
B2499M
10.000
EST REV -MISCELLANEOUS LOCAL
SOURCES
13,500
B2799M
50,462
EST REV -STATE AID
137,000
B3099M
45,892
SERVICE TO OTHER GOVT_
B2378 M
1,000
B M
TOTAL ESTIMATED
REVENUES
1,434,758
1,541,554
APPROPRIATED FUND BALANCE
6,295
B 599M
23,356
B M
M
•B
TOTAL ESTIMATED OTHER
SOURCES
6,295
23,356
M
M
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
1,441,053
1 , 564,910
C
S
29
I 1'
•h 1 a t
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR
THE FISCAL YEAR ENDED
1992
(B) GENERAL TOWN OUTSIDE
VILLAGE FUND
SUMMARY OF FINAL BUDGET AS
MODIFIED
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
APPROPRIATIONS
APP — GENERAL GOVERNMENT
' SUPPORT
$49,887
B1999M
47,000
APP — PUBLIC SAFETY
4,304
B3999M
_ 3,975
APP — TRANSPORTATION
4,013
B5999M
5,760
APP — CULTURE AND RECREATION
147,028
B7999M
173,789
APP — HOME AND COMMUNITY
SERVICES
311,794
B8999M
362,319
APP — EMPLOYEE BENEFITS
60,935
B9199M
83,537
B M
B M
TOTAL ESTIMATED
EXPENDITURES
577,961
676,380
APP — INTERFUND TRANSFER
863,092
B9999M
888,530
B M
B M
TOTAL ESTIMATED OTHER
USES
863,092
888,530
M
M
TOTAL APPROPRIATIONS
1,441,053
1,5.64,910
•h 1 a t
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR THE FISCAL YEAR ENDED 1992
(B) GENERAL TOWN OUTSIDE VILLAGE FUND
SUMMARY OF FINAL'BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
OUTSTANDING ENCUMBRANCES
CULTURE AND RECR. - ENCUMBR.
HOME & COMM. SERV. - ENCUMBR.
TOTAL OUTSTANDING
ENCUMBRANCES
•
1
31
$20,747 B7998M $ 1.984
2,609 B8998M 785
B M
B M
23,356
I 1°
•
32
N if
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
ASSETS
CASH
$1,522
DB
200
$ 2,057
CASH IN TIME DEPOSITS
123,843
DB
201
ii7'912
PETTY CASH
200
DB
210
200
DB
DB
TOTAL CASH
125,565
149,470
INVESTMENTS IN REPURCHASE
AGREEMENTS
50,000
DB
451
0
DB
DB
TOTAL INVESTMENTS
50,000
0
STATE & FEDERAL RECEIVABLES
3,811
DB
410
0
DB
DB
TOTAL STATE AND FEDERAL
AID RECEIVABLES
3,811
0
DUE FROM OTHER GOVERNMENTS
2,784
DB
440
0
DB
DB
TOTAL DUE FROM OTHER
GOVERNMENTS
2,784
0
INVESTMENTS IN SECURITIES,
SPEC RES
18,900
DB
452
19,628
DB
DB
TOTAL RESTRICTED ASSETS
18,900
19,628
TOTAL ASSETS
2G1,060
169,098
•
32
N if
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE
FISCAL YEAR ENDED
1992
(DB) PART TOWN HIGHWAY FUND
BALANCE SHEET
FOR THE FISCAL
EDP FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE YEAR ENDED 1992
LIABILITIES AND FUND EQUITY.
ACCOUNTS PAYABLE
$49,912
DB 600 $ 14,551
DB
DB
TOTAL ACCOUNTS PAYABLE
49,912
14,551
ACCRUED LIABILITIES
13,922
IIB 601 129910
DB
DB
TOTAL ACCRUED
LIABILITIES
13,922
17,910
TOTAL
TOTAL LIABILITIES
63,834
27,461
RESERVE FOR HIGHWAY CAPITAL
18,900
DB 879 1Q,69R
RESERVE OR ENC21BRANCES
DB s91 1 5 541
DB
TOTAL SPECIAL RESERVES
18,900
UNRESERVED FUND BALANCE
0
APPROPRIATED
10,760
DB 910
DB
DB
TOTAL UNRESERVED FUND
BALANCE -
APPROPRIATED
10,760
n
UNRESERVED FUND BALANCE
UNAPPROPRIATED
107,566
DB 911 1n6,1�Fi8
DB
DB
TOTAL UNRESERVED FUND
BALANCE -
.UNAPPROPRIATED
107,566
106,1168
RAT.ANCTNC rnT1R
T1R 1 RR 8 1
TOTAL
TOTAL FUND EQUITY
137,226
111,638
33
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(DB) PART TOWN HIGHWAY FUND
BALANCE SHEET
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991
LIABILITIES AND FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
I
34
201,060
EDP FOR THE FISCAL
CODE YEAR ENDED 1992
S 14
r�
�J
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(DB) PART TOWN HIGHWAY FUND
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991
DETAIL REVENUES AND OTHER SOURCES
TRANSPORTATION SERVICES,
OTHER GOVTS
TOTAL INTERGOVERNMENTAL
CHARGES
INTEREST AND EARNINGS
TOTAL USE OF MONEY AND
PROPERTY
SALES OF EQUIPMENT
TOTAL SALE OF PROPERTY
AND COMPENSATION FOR
LOSS
UNCLASSIFIED (SPECIFY)
TNTF.RFUNT) RFVF.NER
TOTAL MISCELLANEOUS
LOCAL SOURCES
ST AID, CONSOLIDATED HIGHWAY
AID
TOTAL STATE AID
TOTAL
TOTAL REVENUES
INTERFUND TRANSFERS
• TOTAL INTERFUND
TRANSFERS
a
35
EDP FOR THE FISCAL
CODE YEAR ENDED 1992
$11,134 DB2300
DB
DB
11,134
10,397 DB2401
DB
DB
10,397
617 DB2665
DB
DB
617
9,064 DB2770
DB2801
DB
9,064
39,271 DB3501
DB
DB
39,271
70,483
670,000 DB5031
DB
DB
670,000
$ 8,986
8,986
4,958
4,958
11,250
11,250
300
1,841
2,141
32,454
32,454
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(DB) PART TOWN HIGHWAY FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL REVENUES AND OTHER SOURCES
TOTAL
TOTAL OTHER SOURCES
TOTAL DETAIL REVENUES
AND OTHER SOURCES
670,000 Aso ,nnn
740,483
36
� ae
TOWN OF ITHACA
` ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(DB) PART TOWN HIGHWAY FUND
RESULTS OF OPERATIONS
DESCRIPTION
FOR THE FISCAL EDP
YEAR ENDED 1991 CODE
DETAIL EXPENDITURES AND OTHER USES
BALANCING CODE
TOTAL BALANCING CODE
TOTAL GENERAL GOVERNMENT
SUPPORT
MAINT OF STREETS; PERS SERV
MAINT OF STREETS, CONTR.
EXPEND
EQUIPMENT
TOTAL MAINTENANCE OF ROADS
IMPROVEMENTS, PERS SERV
PERM IMPROVE HIGHWAY, CONTR
EXPEND
EQUIPMENT
TOTAL IMPROVEMENTS
MACHINERY, PERS'SERV
MACHINERY, EQUIP & CAP OUTLAY
MACHINERY, CONTR EXPEND
TOTAL MACHINERY
BRUSH AND WEEDS, PERS SERV
BRUSH AND WEEDS, EQUIP & CAP
OUTLAY
BRUSH AND WEEDS, CONTR EXPEND
TOTAL MISCELLANEOUS
SNOW REMOVAL, PERS SERV
SNOW REMOVAL, CONTR EXPEND
ra
1
FOR -THE FISCAL
YEAR ENDED 1992
S1
DB1888.4. $
DB
1
DB1888.0
DB
DB
DB
DB
DB
1
124,080
DB5110.1
123,258
54,749
DB5110.4
88,073
D B5110.2
250
178,829
DB5110.0
211,581
44,122
DB5112. 1
38,688
168,726
DB5112 . 4
235,158
DB5112.2
250
212,848
DB5112. 0
274,096
31,149
DB5130.1
27,129
32,957
DB5130.2
99,991
46,094
DB5130.4
56,456
DB
110,200
DB5130.0
183,576
15,089
DB5140.1
21,349
3,014
DB5140.2
1,740
42
DB5140.4
701
DB
18,145
DB5140 .0
23,790
35,168
DB5142. 1
43,731
53,422
DB5142.4
48,275
DB
37
A 9!
•
a AI
TOWN
OF ITHACA
ANNUAL
UPDATE DOCUMENT
•
FOR THE
FISCAL YEAR ENDED 1992
(DB) PART TOWN HIGHWAY FUND
RESULTS OF OPERATIONS
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
DETAIL EXPENDITURES AND OTHER
USES
TOTAL SNOW REMOVAL
$88,590
DB5142.0
$_ 9g,nn6
DB
DB
DB
DB
DB
TOTAL TRANSPORTATION
608,612
_ 785n49
ST. RETIREMENT
DB9010.8
28,073
SOCIAL SECURITY, EMPL BNFTS
18,609
DB9030.8
18,888
WORKER'S COMPENSATION, EMPL
BNFTS
22,679
DB9040.8
29,004
DISABILITY INSURANCE, EMPL
BNFTS
597
DB9055.8
620
& MEDICAL (DENTAL)
•HOSPITAL
INS, EMPL BNFT
34,990
DB9060.8
43,743
TOTAL EMPLOYEE BENEFITS
76,875
120,328
TOTAL EXPENDITURES
685,488
905,377
TOTAL DETAIL EXPENDITURES
AND OTHER USES
685,488
905,377
•
a AI
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR THE FISCAL YEAR ENDED 1992
(DB) PART TOWN HIGHWAY FUND
RESULTS OF OPERATIONS
0
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDER 1991 CODE YEAR ENDED 1992
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR* $82,231 DB8021 5137,226
ADD - REVENUES AND OTHER
SOURCES 740,483 apq7gQ
DEDUCT - EXPENDITURES AND
OTHER USES 685,488 Qp�,-377
FUND EQUITY - END OF YEAR* 137,226 DB8029 141,698
TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR FUND EQUITY FOR PROPRIETARY FUNDS.
PRIOR PERIOD ADJUSTMENTS ARE LIMITED TO ADJUSTMENTS ON PREVIOUSLY
ISSUED FINANCIAL STATEMENTS RESULTING FROM CHANGES IN ACCOUNTING
PRINCIPLES. CORRECTIONS OF ERRORS MUST BE DETAILED BELOW SO THE
PROPER ACCOUNTS IN THE PRIOR YEAR(S) AUD CAN BE ADJUSTED. IF
THESE ADJUSTMENTS ARE NOT DETAILED THEY WILL BE RECORDED AS
REVENUES OR EXPENDITURES IN THE CURRENT YEAR AND TREATED AS
UNSUBSTANTIATED PRIOR PERIOD ADJUSTMENTS.
I
39
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(DB) PART TOWN HIGHWAY FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR. ENDED 1991 CODE YEAR ENDED 1992
ESTIMATED REVENUES AND OTHER SOURCES
EST REV - REAL PROPERTY TAXES
EST REV - DEPARTMENTAL INCOME
EST REV - USE OF MONEY AND
PROPERTY
EST REV - STATE AID
S.4-LEF UIP
TOTAL ESTIMATED
REVENUES
ESTIMATED - INTERFUND
TRANSFER
APPROPRIATED FUND BALANCE
TOTAL ESTIMATED OTHER
SOURCES
APPROPRIATED FUND BAL
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
40
*0
DB1049M $ n
9,500
DB1299M i i non
5,250
DB2499M �rpsp
59,000,
DB3099M 38,890
D B_M 500
DB M
73,750
863,092 DB5031M
10 DB 599M
DB M
DB M
863,102
599 M
M
936,852
888,530
888,530
10,760
955,730
� 8°
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR THE FISCAL YEAR ENDED 1992
(DB) PART TOWN HIGHWAY FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP
DESCRIPTION YEAR ENDED 1991 CODE
APPROPRIATIONS
APP - TRANSPORTATION $842,557 DB5999M
APP - EMPLOYEE BENEFITS 94,295 DB9199M
DB M
DB M
TOTAL ESTIMATED
EXPENDITURES 936,B52
TOTAL APPROPRIATIONS
41
936,852
M
M
FOR THE FISCAL
YEAR ENDED 1992
$-329, 235-
126,495
955,730
955,730
TOWN OF ITHACA
• ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR. ENDED 1992
(DB) PART TOWN HIGHWAY FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP
DESCRIPTION YEAR ENDED 1991 CODE
OUTSTANDING ENCUMBRANCES
HOME & COMM. SERV. - ENCUMBR. *0 .8998M
TRANSPORTATION DB5999 M
M
TOTAL OUTSTANDING
ENCUMBRANCES 0
•
•
0
41A
FOR THE FISCAL
YEAR ENDED 1992
15.541
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(F) WATER FUND
BALANCE SHEET
DESCRIPTION
ASSETS
CASH
CASH IN TIME DEPOSITS
TOTAL CASH
WATER RENTS RECEIVABLE
SPECIAL ASSESSMENTS
RECEIVABLE
NSF CEN RFC:FTVART,F
TOTAL OTHER RECEIVABLES
( NET)
TNVFSTMFNTS-RFPTTRC T4ASF AG*RF.FMFNT
• TOTAL ASSETS
I
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1991 CODE YEAR ENDED 1992
42
518,528 F200
213,323 F201
F
F
231,851
79,978 F350
17,213 F370
F3.5.L
F
$ 129,295
167,414
296,709
133,821
23,487
97,191 157,322
F451 27,727
329,042 481,758
v 1
C]
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR. ENDED 1992
(F) WATER FUND
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
LIABILITIES AND FUND EQUITY
ACCOUNTS PAYABLE
5119,029
F600
$ 213,947
BAN'S Payable
F 626
51,868
F
TOTAL ACCOUNTS PAYABLE
119,029
265115
ACCRUED LIABILITIES
809
F601
0
F
F
TOTAL ACCRUED
LIABILITIES
809
0
CUSTOMERS DEPOSITS
0
F615
0
F
F
TOTAL OTHER DEPOSITS
0
•
_ 0
TOTAL
TOTAL LIABILITIES
119,838
265.115._
RESERVE FOR ENCUMBRANCES
0
F821
19,R3a
F
F
TOTAL RESERVE FOR
ENCUMBRANCES
0
19,832
UNRESERVED FUND BALANCE
APPROPRIATED
40,162
F910
0
F
F
TOTAL UNRESERVED FUND
BALANCE -
APPROPRIATED
40,162
0
UNRESERVED FUND BALANCE
UNAPPROPRIATED
169,042
F911
196.811
F
TOTAL UNRESERVED FUND
• BALANCE -
UNAPPROPRIATED
169,042
43
F
196,811 _
•
•
•
TOWN OF -ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(F) WATER FUND
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
LIABILITIES AND FUND EQUITY.
TOTAL
TOTAL FUND EQUITY 209,204 216-643
TOTAL LIABILITIES AND
FUND EQUITY 329,042 481,758-
0 1_,758
44
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR
THE FISCAL YEAR ENDED
1992
(F) WATER FUND
RESULTS OF OPERATIONS
FOR THE FISCAL
EDP
FOR THE
FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED
1992
DETAIL REVENUES AND OTHER
SOURCES
SPECIAL ASSESSMENTS AD
VALOREM
$454,337
F1028
$ 602,813
F
F
TOTAL REAL PROPERTY
TAXES
454,337
602,813
METERED WATER SALES
830,358
F2140
-991,638
WATER SERVICE CHARGES
1,910
F2144
2,968
INTEREST & PENALTIES ON WATER
RENTS
11,690
F2148
16,466
F
F
TOTAL DEPARTMENTAL
INCOME
843,958
1, 9:f i
-2 -
•SERVICE
;97
FOR OTHER GOVT'S
6,435
F2378
9,880
r
r
F
_
TOTAL INTERGOVERNMENTAL
CHARGES
6,435
9,880
INTEREST AND EARNINGS
17,834
F2401
14,146
F
F
_
TOTAL USE OF MONEY AND
PROPERTY
17,834
14,146
UNCLASSIFIED (SPECIFY)
778
F2770
340
r
r
F
TOTAL MISCELLANEOUS
LOCAL SOURCES
778
340
INTERFUND REVENUES
5,288
F2801
4,013
F
F
TOTAL INTERFUND
REVENUES
5,288
4,013
BALANCING CODE
1
F4888
`
45
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(F) WATER FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL REVENUES AND OTHER SOURCES
•
46
S
51�RhR
_ L, 694_,_132—
99,359
—13723;.49 -L:-
46
9 -L:-
F
F
TOTAL FEDERAL AID
I
Proceeds of Obligations
g5710
TOTAL
TOTAL REVENUES
1,328,631
INTERFUND TRANSFERS
146,000
F5031
F
F
TOTAL INTERFUND
TRANSFERS
146,000
•
TOTAL
TOTAL OTHER SOURCES
146,000
TOTAL DETAIL REVENUES
AND OTHER SOURCES
1,474,631
•
46
S
51�RhR
_ L, 694_,_132—
99,359
—13723;.49 -L:-
46
9 -L:-
r�
U
(F) WATER FUND
RESULTS OF OPERATIONS
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
TOTAL HOME AND COMMUNITY
SERVICES
ST. RETIREMENT
SOCIAL SECURITY , EMPL BNFTS
WORKER'S COMPENSATION, EMPL
BNFTS
•
47
673,840 916,154
F9010.8 22
11440 F9030.8 1,493
525 F9040.8 55p
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
DETAIL EXPENDITURES AND OTHER
USES
LAW, CONTR EXPEND
$303
F1420.4
$ D
F
TOTAL LEGAL SERVICES
303
F1420.0
F
F
F
F
F
TOTAL GENERAL GOVERNMENT
SUPPORT
303
0
WATER TRANS & DISTRIB, PERS
SERV
18,266
F8340.1
18,961
•WATER TRANS & DISTRIB, EQUIP
& CAP OUTLAY
692
F8340.2
0
WATER TRANS & DISTRIB, CONTR
EXPEND
124,472
F8340.4
167,742
F
TOTAL TRANSMISSION AND
DISTRIBUTION
143,430
F8340.0
186,703
COMMON WATER SUPPLY, CONTR
EXPEND
530,410
F8350.4
729,451
F
TOTAL COMMON WATER SUPPLY
530,410
F8350.0
729,451
F
F
F
F
F
TOTAL HOME AND COMMUNITY
SERVICES
ST. RETIREMENT
SOCIAL SECURITY , EMPL BNFTS
WORKER'S COMPENSATION, EMPL
BNFTS
•
47
673,840 916,154
F9010.8 22
11440 F9030.8 1,493
525 F9040.8 55p
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(F) WATER FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL EXPENDITURES AND OTHER USES
DISABILITY INSURANCE, EMPL
BNFTS
HOSPITAL & MEDICAL (DENTAL)
INS, EMPL BNFT
TOTAL EMPLOYEE BENEFITS
DEBT PRINCIPAL, SERIAL BONDS
TOTAL DEBT PRINCIPAL
DEBT INTEREST, SERIAL BONDS
DEBT INTEREST, BOND
ANTICIPATION NOTES
TOTAL DEBT INTEREST
TOTAL EXPENDITURES
TRANSFERS, CAPITAL PROJECTS
FUND
TOTAL TRANSFERS
TOTAL OTHER USES
TOTAL DETAIL EXPENDITURES
AND OTHER USES
•
$29
F9055.8 S
29
0
F9060.8
0
1,994
2,054
347,408
F9710.6
444,539
347,408
444,539
220,127
F9710.7
353,305
146,063
F9730.7 _
g
366,190
353,305
1,389,735
1,716,052
0 F9950.9 0
0 0
0 0
1,389,735
48
1,716,052
1
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(F) WATER FUND
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991
ANALYSIS OF CHANGES IN FUND.EQUITY
FUND EQUITY - BEGINNING OF
YEAR*
ADD - REVENUES AND OTHER
SOURCES
DEDUCT - EXPENDITURES AND
OTHER USES
FUND EQUITY - END OF YEAR*
$124,308
1,474,631
1,389,735
209,204
EDP FOR THE FISCAL
CODE YEAR ENDED 1992
F8021 $209,204
1,7-23,491
1,7163,052
F8029 2163643
TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR FUND EQUITY FOR PROPRIETARY FUNDS.
PRIOR PERIOD ADJUSTMENTS ARE LIMITED TO ADJUSTMENTS ON PREVIOUSLY
ISSUED FINANCIAL STATEMENTS RESULTING FROM CHANGES IN ACCOUNTING
PRINCIPLES. CORRECTIONS OF ERRORS MUST BE DETAILED BELOW SO THE
PROPER ACCOUNTS IN THE PRIOR YEAR(S) AUD CAN BE ADJUSTED. IF
THESE ADJUSTMENTS ARE NOT DETAILED THEY WILL BE RECORDED AS
REVENUES OR EXPENDITURES IN THE CURRENT YEAR AND TREATED AS
UNSUBSTANTIATED PRIOR PERIOD ADJUSTMENTS.
S
49
1 11
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(F) WATER FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ESTIMATED REVENUES AND OTHER. SOURCES
EST REV — REAL PROPERTY TAX
ITEMS $451,000 F1099M 600,513
EST REV — DEPARTMENTAL INCOME 1,037,700 F1299M 1,074.594
EST REV — USE OF MONEY AND
PROPERTY 10,000 F2499M 1-0,000
F M
TOTAL ESTIMATED
REVENUES
ESTIMATED — INTERFUND
TRANSFER
APPROPRIATED FUND BALANCE
• TOTAL ESTIMATED OTHER
SOURCES
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
F M
1,498,700 i ,6857107
146,000 F5031M 40,000
435 F 599M 40-162
F M
F M
146,435 80,162
M
M
1,645, 135 1,765,269
50
p pe
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(F) WATER FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
APPROPRIATIONS
APP — GENERAL GOVERNMENT
SUPPORT $303 F1999M $ n
APP — HOME AND COMMUNITY
SERVICES 927,658 F8999M
APP — EMPLOYEE BENEFITS 3,576 F9199M 9,nc;7
APP — DEBT SERVICE 713,598 F9899M 477,959
F M
TOTAL ESTIMATED
EXPENDITURES
APP — INTERFUND TRANSFER
TOTAL ESTIMATED OTHER -
USES
TOTAL APPROPRIATIONS
•
51
F M
1,645,135
0
F9999M 0.
F M
F M
0
M
M
1,645, 135
1r76sT26�
51
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(F) WATER FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1952
OUTSTANDING ENCUMBRANCES
HOME & COMM. SERV. - ENCUMBR. $0 F8998M $ 19.832
F M
F M
TOTAL OUTSTANDING
ENCUMBRANCES 0 19,832
•
52
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR. ENDED 1992
(G) SEWER FUND
BALANCE SHEET
DESCRIPTION
ASSETS
CASH
CASH IN TIME DEPOSITS
TOTAL CASH
INVESTMENTS IN REPURCHASE
AGREEMENTS
TOTAL INVESTMENTS
SEWER RENTS RECEIVABLE
SPECIAL ASSESSMENTS
RECEIVABLE
INTEREST RECEIVABLE
ACCOUNTS RECEIVABLE
TOTAL OTHER RECEIVABLES
(NET)
TOTAL ASSETS
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1991 CODE YEAR ENDED 1992
53
$2,354 (3200
173,861 G201
G
G
176,215
700,000 G451
G
G
700,000
46,707 G360
13,106 G370
G380
G'381
59,813
936,028
35,530
506,609
506,609
76,245
12,093
'123
49,295
131,956
674-09a
r--
53
-
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR THE
FISCAL YEAR ENDED
1992
(G) SEWER FUND
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
LIABILITIES AND FUND EQUITY.
ACCOUNTS PAYABLE
$11,129
Go' 00
S 8,727
G
G
TOTAL ACCOUNTS PAYABLE
11,129
8,727
ACCRUED LIABILITIES
301
G601
0
G
G
TOTAL ACCRUED
LIABILITIES
301
0
TOTAL
TOTAL LIABILITIES
11,430
89727
RESERVE FOR ENCUMBRANCES
0
G821
10,495
G
G
TOTAL RESERVE FOR
ENCUMBRANCES
0
10,495
UNRESERVED FUND BALANCE
APPROPRIATED
228,480
G910
939,011
G
G
TOTAL UNRESERVED FUND
BALANCE -
APPROPRIATED
228,480
239,0.31
UNRESERVED FUND BALANCE
UNAPPROPRIATED
696,118
G911
415,842_
G
G
TOTAL UNRESERVED FUND
BALANCE -
UNAPPROPRIATED
696,118
415,842
•TOTAL
TOTAL FUND EQUITY
924,598
665,368_
54
1 @s
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR THE FISCAL YEAR ENDED 1992
(G) SEWER FUND
BALANCE SHEET
•
•
FOR THE FISCAL EDP
DESCRIPTION YEAR ENDED 1991 CODE
LIABILITIES AND FUND EQUITY_
TOTAL LIABILITIES AND
FUND EQUITY 930,028
S
55
FOR THE FISCAL
YEAR ENDED 1992
i
674,095-
1 3
74;095
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(G) SEWER FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL REVENUES AND OTHER SOURCES
SPECIAL ASSESSMENTS
TOTAL PEAL PROPERTY
TAXES
SEWER RENTS
SEWER CHARGES
INTEREST & PENALTIES ON SEWER.
ACCTS
TOTAL DEPARTMENTAL
INCOME
SEWER SERV OTHER GOVTS
TOTAL INTERGOVERNMENTAL
CHARGES
INTEREST AND EARNINGS
TOTAL USE OF MONEY AND
PROPERTY
UNCLASSIFIED (SPECIFY)
EXCESS CAPACITY-n$ynRN
TOTAL MISCELLANEOUS
LOCAL SOURCES
INTERFUND REVENUES
TOTAL INTERFUND
REVENUES
BALANCING CODE
I
$395,506 G1030
G
G
56
395,506
659,876 G2120
45,688 G2122
5,258 G2128
G
G
710,822
5,450 G2374
G
G
5,450
49,829 G2401
G
G
49,829
517 G2770
G28n2_
G
517
5,288 G2801
G
G
5,288
2 G4888
4233,119
682,359
52,171
8,153
742,683
1-950
�,?5n
44,4G.h
-13,446
4.2-12
zi3y 995-
47,527 JL5 _47,527
4,825
4,825
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(G) SEWER FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL REVENUES AND OTHER. SOURCES
TOTAL FEDERAL AID
TOTAL
TOTAL REVENUES
INTERFUND TRANSFERS
TOTAL INTERFUND
TRANSFERS
TOTAL
TOTAL OTHER SOURCES
TOTAL DETAIL REVENUES
AND OTHER. SOURCES
S
G s
G
2
l,1a7,414
133,000 G5031
G
G
133,000
133,000
1,300,414
i -VA
1,254,850
41,197
41,197
41.197
1,296,047
13 v
•
•
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(G) SEWER FUND
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991
DETAIL EXPENDITURES AND OTHER USES
SEWER ADMINISTRATION, CONTR
EXPEND
TOTAL SEWER ADMINISTRATION
SANITARY SEWERS, PERS SERV
SANITARY SEWERS, EQUIP & CAP
OUTLAY
SANITARY SEWERS, CONTR EXPEND
TOTAL SANITARY SEWERS
JOINT SEWER PROJECT, CONTR
EXPEND
TOTAL JOINT SEWER PROJECT
TOTAL HOME AND COMMUNITY
SERVICES
ST. RETIREMENT
SOCIAL SECURITY , EMPL BNFTS
WORKER'S COMPENSATION, EMPL
BNFTS
DISABILITY INSURANCE, EMPL
BNFTS
TOTAL EMPLOYEE BENEFITS
DEBT PRINCIPAL, SERIAL BONDS
TOTAL DEBT PRINCIPAL
DEBT INTEREST, SERIAL BONDS
DEBT INTEREST, BOND
ANTICIPATION NOTES
I
58
$303
303
12,701
692
163,045
176,438
488,453
488,453
665,194
1,054
525
30
1,609
276,705
276,705
263,613
133,000
EDP FOR THE FISCAL
CODE YEAR ENDED 1992
G8110.4 5
G
G8110.0
G8120.1
G8120.2
G8120.4
G
G8120.0
G8150.4
G
G8150.0
G
G
G
G
G
G9010.8
8? 2,
-22
G9030.8
1,003
G9040.8
545
G9055.8
29
1,599
G9710.6
354,575
354,575
G9710.7
386,222
G9730.7
I 1A
(G) SEWER FUND
RESULTS OF OPERATIONS
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR. ENDED 1992
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991
DETAIL EXPENDITURES AND OTHER USES
TOTAL DEBT INTEREST 5396,613
TOTAL EXPENDITURES 1,340,121
TOTAL DETAIL EXPENDITURES
AND OTHER USES 1,340,121
S
59
EDP FOR THE FISCAL
CODE YEAR ENDED 1992
1 959,277
9 I°
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(G) SEWER FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR*
ADD - REVENUES AND OTHER
SOURCES
DEDUCT - EXPENDITURES AND
OTHER USES
FUND EQUITY - END OF YEAR*
$964,305 G8021 $924,598
1,300,414 1,296,047
1,340,121 1,555,277
924,598 G8029 665,168 -
TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR FUND EQUITY FOR PROPRIETARY FUNDS.
PRIOR PERIOD ADJUSTMENTS ARE LIMITED TO ADJUSTMENTS ON PREVIOUSLY
ISSUED FINANCIAL STATEMENTS RESULTING FROM CHANGES IN ACCOUNTING
PRINCIPLES. CORRECTIONS OF ERRORS MUST BE DETAILED BELOW SO THE
PROPER ACCOUNTS IN THE PRIOR YEAR(S) AUD CAN BE ADJUSTED. IF
THESE ADJUSTMENTS ARE NOT DETAILED THEY WILL BE RECORDED AS
REVENUES OR EXPENDITURES IN THE CURRENT YEAR AND TREATED AS
UNSUBSTANTIATED PRIOR PERIOD ADJUSTMENTS.
60
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(G) SEWER FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ESTIMATED REVENUES AND OTHER SOURCES
EST REV - REAL PROPERTY TAX
ITEMS
EST REV - DEPARTMENTAL INCOME
EST REV - USE OF MONEY AND
PROPERTY
EXCESS CAPACITY-DRYDEN
TOTAL ESTIMATED
REVENUES
ESTIMATED - INTERFU14D
TRANSFER
APPROPRIATED FUND BALANCE
TOTAL ESTIMATED OTHER
SOURCES
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
0
$405,000
G1099M $_ Al9,542
865,530
G1299M 812,515
40,000
G2499M 44,000
02802 M 43,295
G M
1,310,530
1,,312,358
133,000
G5031M 30,000
68,011
G 599M 291,536
G M
G M
201,011
281,536
M
M
1,511,541 1,595,894
61
I 9'
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR THE FISCAL YEAR ENDED 1992
(G) SEWER FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
APPROPRIATIONS
APP - GENERAL GOVERNMENT
SUPPORT $303 G1999M $ 0
APP - HOME AND COMMUNITY
SERVICES 834,509 G8999M 853,495
APP - EMPLOYEE BENEFITS 3,411 G9199M 1,602
APP - DEBT SERVICE 673,318 G9899M 740,79/
TOTAL ESTIMATED
EXPENDITURES
APP - INTERFUND TRANSFER
TOTAL ESTIMATED OTHER
USES
TOTAL APPROPRIATIONS
G M
G M
1,511,541 1,595,894
0 G9999M
G M
G M
0
M
M
1,511,541 1,595,894
62
I I°
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(G) SEWER FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
OUTSTANDING ENCUMBRANCES
HOME & COMM. SERV. - ENCUMBP.. $0 G8998M S 19,ii
G M
G M
TOTAL OUTSTANDING
ENCUMBRANCES 0 10,495
63
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(SF) SPECIAL DISTRICTS) - FIRE PROTECTION
BALANCE SHEET
f
64
S 0'
FOR THE FISCAL
EDP FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE YEAR ENDED 1992
ASSETS
CASH
$33
SF
200 $ ��
CASH IN TIME DEPOSITS
18,383
SF
201
SF
SF
TOTAL CASH
18,416
-11 856_
INVESTMENTS IN REPURCHASE
AGREEMENTS
35,000
SF
451 n
SF
SF
TOTAL INVESTMENTS
35,000
n
ACCOUNTS RECEIVABLE
0
SF
380 n
SF
SF
TOTAL OTHER RECEIVABLES
(NET)
0
0
TOTAL ASSETS
53,416
21,85(i --_-
f
64
S 0'
TOWN OF ITHACA
•
s
65
14 1a
ANNUAL UPDATE DOCUMENT
FOR
THE FISCAL YEAR ENDED
1992
•
(SF) SPECIAL DISTRICT(S)
— FIRE PROTECTION
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE
FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
LIABILITIES AND FUND EQUITY
UNRESERVED FUND BALANCE
APPROPRIATED
X40,000
SF 910_
20,592
SF
SF
TOTAL UNRESERVED FUND
BALANCE —
APPROPRIATED
40,000
20,592
UNRESERVED FUND BALANCE
UNAPPROPRIATED
13,416
SF 911
11,264
SF
SF
TOTAL UNRESERVED FUND
BALANCE —
UNAPPROPRIATED
13,416
11,264
•
TOTAL
TOTAL FUND EQUITY
53,416
31,856
TOTAL LIABILITIES AND
FUND EQUITY
53,416
31,856
•
s
65
14 1a
TOWN OF ITHACA
66
0 L°
ANNUAL UPDATE DOCUMENT
•
FOR
THE FISCAL YEAR ENDED 1952
(SF) SPECIAL DISTRICT(S)
- FIRE PROTECTION
RESULTS OF OPERATIONS
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
DETAIL REVENUES AND OTHER
SOURCES
REAL PROPERTY TAXES
5837,250
SF1001
$ 994,331
SF
SF
TOTAL REAL PROPERTY
TAXES
837,250
994,331
OTHER PAYMENTS IN LIEU OF
TAXES
22,323
SF 1081
21��225
SF
SF
TOTAL REAL PROPERTY TAX
ITEMS
22,323
21,995
SALES TAX (FROM COUNTY)
194,002
SF1120
97700
SF
SF
•TOTAL
NON PROPERTY TAX
ITEMS
194,002
g7Cpn
INTEREST AND EARNINGS
10,866
SF2401
13,214
SF
SF
TOTAL USE OF MONEY AND
PROPERTY
10,866
12,814
TOTAL
TOTAL REVENUES
1,064,441
1,125,370
INTERFUND TRANSFERS
0
SF5031
0
SF
SF
TOTAL INTERFUND
TRANSFERS
0
0
TOTAL
TOTAL OTHER SOURCES
0
0
66
0 L°
�i
•
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(SF) SPECIAL DISTRICTS) - FIRE PROTECTION
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991
DETAIL REVENUES AND OTHER SOURCES
TOTAL DETAIL REVENUES
AND OTHER SOURCES
S
1,064,441
67
EDP FOR THE FISCAL
CODE YEAR ENDED 1992
S
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(SF) SPECIAL DISTRICT(S) - FIRE PROTECTION
RESULTS OF OPERATIONS
S
68
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
DETAIL EXPENDITURES AND OTHER
USES
FIRE PROTECTION, CONTR EXPEND
$1,038,637
SF3410.4
$ 1,146,930
SF
TOTAL FIRE PROTECTION
1,038,637
SF3410.0
1.9146,930
SF
SF
SF
SF
SF
TOTAL PUBLIC SAFETY
1,038,637
1,146,930
TOTAL EXPENDITURES
1,038,637
TOTAL DETAIL EXPENDITURES
AND OTHER USES
1,038,637
1,146,930
S
68
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR. ENDED 1992
(SF) SPECIAL DISTRICT(S) - FIRE PROTECTION
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR* $27,612 SF8021 $53,416
ADD - REVENUES AND OTHER
SOURCES 1,064,441
DEDUCT - EXPENDITURES AND
OTHER USES 1,038,637 - 19 146,930
FUND EQUITY - END OF YEAR* 53,416 SF8029 31,856
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR FUND EQUITY FOR PROPRIETARY FUNDS.
PRIOR PERIOD ADJUSTMENTS ARE LIMITED TO ADJUSTMENTS ON PREVIOUSLY
ISSUED FINANCIAL STATEMENTS RESULTING FROM CHANGES IN ACCOUNTING
PRINCIPLES. CORRECTIONS OF ERRORS MUST BE DETAILED BELOW SO THE
PROPER ACCOUNTS IN THE PRIOR YEAR(S) AUD CAN BE ADJUSTED. IF
THESE ADJUSTMENTS ARE NOT DETAILED THEY WILL BE RECORDED AS
REVENUES OR EXPENDITURES IN THE CURRENT YEAR AND TREATED AS
UNSUBSTANTIATED PRIOR PERIOD ADJUSTMENTS.
S
69
I
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR THE FISCAL YEAR ENDED 1992
(SF) SPECIAL DISTRICT(S) - FIRE PROTECTION
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ESTIMATED REVENUES AND OTHER SOURCES
EST REV - REAL PROPERTY TAXES 5828,250 SF1049M $ gA14,39�
EST REV - REAL PROPERTY TAX
ITEMS 3,000 SF1099M 16,1431E
EST REV - DEPARTMENTAL INCOME 194,002 SF1299M Q7�000
EST REV - USE OF MONEY AND
PROPERTY 6,000 SF2499M i i26 --
•TOTAL ESTIMATED
REVENUES
APPROPRIATED FUND BALANCE
TOTAL ESTIMATED OTHER.
• SOURCES
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
SF M
SF M
1,031,252 1,112,191
7,385 SF 599M 40,00,0
SF M
SF M
7,385
M
M
1,038,637 1,152,191
70
� R'
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• -FOR THE FISCAL YEAR ENDED 1992
(SF) SPECIAL DISTRICT(S) - FIRE PROTECTION
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
APPROPRIATIONS
APP - GENERAL GOVERNMENT
SUPPORT
APP - PUBLIC SAFETY
TOTAL ESTIMATED
EXPENDITURES
TOTAL APPROPRIATIONS
.•
•
$0 SF1999M 0
1,038,637 SF3999M 1,152,191
SF M
SF M
1,038,637 1,152,191
M
M
1,038,637 1,152,191
71
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
•(SL) SPECIAL DISTRICT(S) - LIGHTING
BALANCE SHEET
DESCRIPTION
ASSETS
CASH
CASH IN TIME DEPOSITS
TOTAL CASH
TOTAL ASSETS
•
0
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1991 CODE YEAR ENDED 1992
72
$26 SL 200
1,320 SL 201
SL
SL
1,346
1,346
$- 2b
1,149
1,175
1,175
6 ;'
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(SL) SPECIAL DISTRICTS) - LIGHTING
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
LIABILITIES AND FUND EQUITY
UNRESERVED FUND BALANCE
APPROPRIATED $480 SL 910 $__ 510
SL
SL
TOTAL UNRESERVED FUND
BALANCE -
APPROPRIATED 480 530
UNRESERVED FUND BALANCE
UNAPPROPRIATED 866 SL 911 64.5
SL
SL
TOTAL UNRESERVED FUND
BALANCE -
UNAPPROPRIATED 866 645
•
TOTAL
TOTAL FUND EQUITY 1,346 1,175
TOTAL LIABILITIES AND
FUND EQUITY 1,346 1,175
I
73
TOWN OF ITHACA
•
74
ANNUAL UPDATE DOCUMENT
FOR
THE FISCAL YEAR ENDED
1992
•
(SL) SPECIAL DISTRICT(S)
- LIGHTING
RESULTS OF OPERATIONS
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
DETAIL REVENUES AND OTHER
SOURCES
REAL PROPERTY TAXES
$5,400
SL1001
5_
SL
SL
TOTAL REAL PROPERTY
TAXES
5,400
7.127
INTEREST AND EARNINGS
.256
SL2401
182
SL
SL
TOTAL USE OF MONEY AND
PROPERTY
256
18
TOTAL
TOTAL REVENUES
5,656
7.309
TOTAL DETAIL REVENUES
AND OTHER SOURCES
5,656
7,309
•
74
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
. FOR THE FISCAL YEAR ENDED 1992
(SL) SPECIAL DISTRICTS) — LIGHTING
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL EXPENDITURES AND OTHER USES
BALANCING CODE $1 SL1888.4 $
SL
TOTAL BALANCING CODE 1 SL1888.0
SL
SL
SL
SL
SL
TOTAL GENERAL GOVERNMENT
SUPPORT 1
STREET LIGHTING, CONTR EXPEND 6,514 SL5182.4 7.480
SL
• TOTAL STREET LIGHTING 6,514 SL5182.0 7,4Rn
SL
SL
SL
SL
SL
TOTAL TRANSPORTATION 6,514 7,14F3�
TOTAL EXPENDITURES 6,515
TOTAL DETAIL EXPENDITURES
AND OTHER USES 6,515 7,180
•
75
1 Aa
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(SL) SPECIAL DISTRICT(S) - LIGHTING
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR* 52,205 SL8021 $1,346
ADD - REVENUES AND OTHER
SOURCES 5,656 7,309
DEDUCT - EXPENDITURES AND
OTHER USES 6,515 7,480
FUND EQUITY - END OF YEARS 1,346 SL8029 19175
TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR FUND EQUITY FOR PROPRIETARY FUNDS.,
PRIOR PERIOD ADJUSTMENTS ARE LIMITED TO ADJUSTMENTS ON PREVIOUSLY
ISSUED FINANCIAL STATEMENTS RESULTING FROM CHANGES IN ACCOUNTING
PRINCIPLES. CORRECTIONS OF ERRORS MUST BE DETAILED BELOW SO THE
PROPER ACCOUNTS IN THE PRIOR.YEAR(S) AUD CAN BE ADJUSTED. IF
• THESE ADJUSTMENTS ARE NOT DETAILED THEY WILL BE RECORDED AS
REVENUES OR EXPENDITURES IN THE CURRENT YEAR AND TREATED AS
UNSUBSTANTIATED PRIOR PERIOD ADJUSTMENTS.
76
S 1°
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(SL) SPECIAL DISTRICT(S) - LIGHTING
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ESTIMATED REVENUES AND OTHER. SOURCES
EST REV - REAL PROPERTY TAXES
$5,400
SLI049M S
7,125
EST REV - USE OF MONEY AND
PROPERTY
105
SL2499M
235
SL M
SL M
TOTAL ESTIMATED
REVENUES
5,505
7,360
APPROPRIATED FUND BALANCE
640
SL 599M
480
TOTAL ESTIMATED OTHER
SOURCES
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
•
SL M
SL M
640 480
M
M
6,145
7,840
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(SL) SPECIAL DISTRICT(S) - LIGHTING
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
APPROPRIATIONS
APP - TRANSPORTATION $6,145 SL5999M $ 7,840
SL M
SL M
TOTAL ESTIMATED
EXPENDITURES 6,145 :?R40
TOTAL APPROPRIATIONS
1
6,145
M
M
I Is
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(V) DEBT SERVICE FUND
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ASSETS
INVESTMENTS IN REPURCHASE
AGREEMENTS $65,000 V451
V
TOTAL INVESTMENTS
DUE FROM OTHER FUNDS
INTEREST RECEIVABLE
TOTAL DUE FROM OTHER
FUNDS
CASH SPECIAL RESERVES
• TOTAL RESTRICTED ASSETS
TOTAL ASSETS
•
79
V
65,000
39,908 V391
V381
V
39,908
2,802 V230
V
V
2,802
107,710
$
0
0
0
46
46
114,640
114,640
114,686
6 4°
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(V) DEBT SERVICE FUND
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
LIABILITIES AND FUND EQUITY
FUND BALANCE—RESERVED FOR
BONDED DEBT $107,710 V884
V
TOTAL SPECIAL RESERVES
TOTAL'
TOTAL FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
80
V
107,710
107,710
107,710
e 9°
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
•
FOR THE FISCAL YEAR ENDED 1992
(V) DEBT SERVICE FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL REVENUES AND OTHER SOURCES
INTEREST AND EARNINGS *248,719 V2401
V
V
TOTAL USE OF MONEY AND
PROPERTY
TOTAL
TOTAL REVENUES
TOTAL DETAIL REVENUES
AND OTHER SOURCES
•
1
81
248,719
248,719
248,719
77,532
77,532
77,532
1 1°
(o
Ll
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR. ENDED 1992
(V) DEBT SERVICE FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL EnPENDITURES AND OTHER USES
TRANSFERS, OTHER FUNDS 5279,000 V9901.9 $ 70,556
TOTAL TRANSFERS 279,000
TOTAL OTHER USES 279,000 70,556
TOTAL DETAIL EXPENDITURES
AND OTHER USES 279,000 70,556
82
I Aa
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(V) DEBT SERVICE FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE .YEAR ENDED 1992
ANALYSIS OF CHANGES IN FUND. EQUITY
FUND EQUITY — BEGINNING OF
YEAR* $137,991 V8021 $107,710
ADD — REVENUES AND OTHER
SOURCES 248,719 77,532
DEDUCT — EXPENDITURES AND
OTHER USES 279,000 70,556
FUND EQUITY — END OF YEAR*. 107,710 V80'29 114,686
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR FUND EQUITY FOR PROPRIETARY FUNDS.
PRIOR PERIOD ADJUSTMENTS ARE LIMITED TO ADJUSTMENTS ON PREVIOUSLY
ISSUED FINANCIAL STATEMENTS RESULTING FROM CHANGES IN ACCOUNTING
PRINCIPLES. CORRECTIONS OF ERRORS MUST BE DETAILED BELOW SO THE
PROPER ACCOUNTS IN THE PRIOR YEARCS) AUD CAN BE ADJUSTED. IF
THESE ADJUSTMENTS ARE NOT DETAILED THEY WILL BE RECORDED AS
REVENUES OR EXPENDITURES IN THE CURRENT YEAR AND TREATED AS
UNSUBSTANTIATED PRIOR PERIOD ADJUSTMENTS.
I
83
I 1a
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(H) CAPITAL PROJECTS FUND
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ASSETS
CASH $459 H200 $ 105
CASH IN TIME DEPOSITS 63,939 H201 300,455
TOTAL CASH
INVESTMENTS IN REPURCHASE
AGREEMENTS
TOTAL INVESTMENTS
ACCOUNTS RECEIVABLE
TOTAL OTHER RECEIVABLES
(NET)
TOTAL ASSETS
0- 1
H
H
64,398 300,560
11900,000 H451 1,260,755
H
H
11900,000 1,260,755
0 H380 870
H
H
p 870
11964,398 1,562,185
84
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE
FISCAL YEAR ENDED
1952
40
(H) CAPITAL PROJECTS FUND
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
LIABILITIES AND FUND EQUITY
ACCOUNTS PAYABLE
*0
H600
$ 1,919
H
H
TOTAL ACCOUNTS PAYABLE
0
1,919
RETAINED PERCENTAGES, CONT
PAY
104,167
H605
0
H
H
TOTAL RETAINED
PERCENTAGES
104,167
0
BOND ANTICIPATION NOTES
PAYABLE
0
H626
.._ 0
H
H
TOTAL NOTES PAYABLE
0
0
DUE TO OTHER FUNDS
39,907
H630
0
H
H
TOTAL DUE TO OTHER
FUNDS
39,907
0
TOTAL
TOTAL LIABILITIES
144,074
1,919
RESERVE FOR ENCUMBRANCES
0
H821
847,558
H
H
TOTAL RESERVE FOR
ENCUMBRANCES
0
UNRESERVED FUND BALANCE
UNAPPROPRIATED
1,820,324
H911
712,708
H
H
TOTAL UNRESERVED FUND
BALANCE -
• UNAPPROPRIATED
1,820,324
712,708
35
U
•
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(H) CAPITAL PROJECTS FUND
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
LIABILITIES AND FUND EQUITY
TOTAL
TOTAL FUND EQUITY 1,820,324 1,560,266
TOTAL LIABILITIES AND
FUND EQUITY 1,964,3108 1,562, 185
86
u
P I°
TOWN OF ITHACA
1
W
. Is
ANNUAL UPDATE DOCUMENT
FOR
THE FISCAL YEAR ENDED
1992
(H) CAPITAL PROJECTS FUND
RESULTS OF OPERATIONS
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
DETAIL REVENUES AND OTTER
SOURCES
BALANCING CODE
S1
H4888
$
H
H
TOTAL FEDERAL AID
1
TOTAL
TOTAL REVENUES
1
INTERFUND TRANSFERS
0
H5031
0
H
H
TOTAL INTERFUND
TRANSFERS
0
0
SERIAL BONDS
4,465,000
H5710
0—
H
H
TOTAL PROCEEDS OF
OBLIGATIONS
4,465,000
0
TOTAL
TOTAL OTHER SOURCES
4,465,000
0
TOTAL DETAIL REVENUES
AND OTHER SOURCES
4,465,001
0
1
W
. Is
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
• FOR THE FISCAL YEAR ENDED 1992
(H) CAPITAL PROJECTS FUND
RESULTS OF OPERATIONS
•
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL EXPENDITURES AND OTHER USES
REFUSE & GARBAGE, EQUIP & CAP
OUTLAY
SEWER, EQUIP & CAP OUTLAY
WATER. CAPITAL PROJECTS, EQUIP
& CAP OUTLAY
TOTAL HOME AND COMMUNITY
SERVICES
DEBT PRINCIPAL, CAPITAL NOTES
TOTAL DEBT PRINCIPAL
TOTAL EXPENDITURES
TOTAL DETAIL EXPENDITURES
AND OTHER USES
0
$0
H8160.2
S
1,376,156
H8197.2
118,788
1,021,873
H8397.2
141.27 -
H
H
H
H
H
2,398,029
126Q,058=
_
0
H9740.6
0
2,398,029
260,,058 .,
2,398,029
;260,058
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
• (H) CAPITAL PROJECTS FUND
RESULTS OF OPERATIONS
•
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR* $-246,648 H8021 X1,820,324
ADD - REVENUES AND OTHER
SOURCES 4,465,001 0
DEDUCT - EXPENDITURES AND
OTHER USES 2,398,029 260,058
FUND EQUITY - END OF YEAR* 1,820,324 H8029 1,560,266
X TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR FUND EQUITY FOR PROPRIETARY FUNDS.
PRIOR PERIOD ADJUSTMENTS ARE LIMITED TO ADJUSTMENTS ON PREVIOUSLY
ISSUED FINANCIAL STATEMENTS RESULTING FROM CHANGES IN ACCOUNTING
PRINCIPLES. CORRECTIONS OF ERRORS MUST BE DETAILED BELOW SO THE
PROPER ACCOUNTS IN THE PRIOR YEARCS) AUD CAN BE ADJUSTED. IF
THESE ADJUSTMENTS ARE NOT DETAILED THEY WILL BE RECORDED AS
REVENUES OR EXPENDITURES IN THE CURRENT YEAR AND TREATED AS
UNSUBSTANTIATED PRIOR PERIOD ADJUSTMENTS.
I
m
1 3°
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(TA) AGENCY FUND
BALANCE SHEET
DESCRIPTION
ASSETS
CASH
TOTAL CASH
ACCRUED INTEREST RECEIVABLE
TOTAL OTHER RECEIVABLES
(NET)
CASH, SPECIAL RESERVES
TOTAL RESTRICTED ASSETS
L_J
TOTAL ASSETS
•
0
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1991 CODE YEAR ENDED 1992
$4, 767
TA 200 S7T37a
TA
TA
4,767
37,372
3,327
TA 381 n
TA
TA
3,327
n
11,105
TA 230 12,n23
TA
TA
11,105
12,023
19,199
49,395
90
• (TA) AGENCY FUND
BALANCE SHEET
DESCRIPTION
LIABILITIES
DUE TO OTHER FUNDS
TOTAL DUE TO OTHER
FUNDS
CONSOLIDATED PAYROLL
STATE RETIREMENT
DISABILITY INSURANCE
GROUP INSURANCE
GUARANTY & BID DEPOSITS
STREET OPENING DEPOSITS
TAX REDEMPTIONS
OTHER FUNDS (SPECIFY)
FICA
TOTAL AGENCY
LIABILITIES
TOTAL
TOTAL LIABILITIES
•
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
FOR THE FISCAL
EDP
FOR THE FISCAL
YEAR ENDED 1991
CODE
YEAR ENDED 1.992
51,979
TA
630
$ 0
TA
TA
1,979
0
150
TA
10
30
-8
TA
18
(38) -
408
TA
85
DISCONTINUED
433
TA
20
383
13,837
TA
30
1
40,261
2,400
TA
85
DISCONTINUED
0
TA
40
0
TA
85
_. 4,717
TA_ 26
49049
TA
17,220
491,191)
19,199
49,395
91
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR. ENDED 1992
•(TE) EXPENDABLE TRUST
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
ASSETS
INVESTMENTS IN SECURITIES,
SPEC RES
TOTAL RESTRICTED ASSETS w.
TOTAL ASSETS
•
•
92
9,721 TE 452
TE
TE
9,721
9,721
DISCONTINUED
0
0
■
S Q'
rI
•
TORN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(TE) EXPENDABLE TRUST
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
LIABILITIES AND FUND EQUITY
OTHER EXPENDABLE TRUST (SPEC) 59,721 TE 93 $ 0
TE
TE
TOTAL TRUST 9,721 0
TOTAL
.TOTAL FUND EQUITY 9,721
TOTAL LIABILITIES AND
FUND EQUITY 9,721 0
93
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
•(TE) EXPENDABLE TRUST
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
DETAIL REVENUES AND OTHER SOURCES
UNSUBSTANTIATED PRIOR PERIOD
ADJ $9,721 TE0000. 5 0
TE
TE
TOTAL UNSUBSTANTIATED
PRIOR PERIOD
ADJUSTMENTS
TOTAL
TOTAL REVENUES
. TOTAL DETAIL REVENUES
AND OTHER SOURCES
DETAIL EXPENDITURES & OTHER SOURCES
TOTAL EXPENDITURES
•
9,721
9,721
9,721 n
TE1994 931721
9;721
94
0'
•
r�
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(TE) EXPENDABLE TRUST
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY BEG OF YR
LESS EXPENDITURES
ADD — REVENUES AND OTHER.
EDP FOR THE FISCAL
CODE YEAR ENDED 1992
SOURCES $9,721
FUND EQUITY END OF YEAR* 9,721 TE8029
9,721
9,721
$ 0
0
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR FUND EQUITY FOR PROPRIETARY FUNDS.
PRIOR PERIOD ADJUSTMENTS ARE LIMITED TO ADJUSTMENTS ON PREVIOUSLY
ISSUED FINANCIAL STATEMENTS RESULTING FROM CHANGES IN ACCOUNTING
PRINCIPLES. CORRECTIONS OF ERRORS MUST BE DETAILED BELOW SO THE
PROPER ACCOUNTS IN THE PRIOR YEARS) AUD CAN BE ADJUSTED. IF
THESE ADJUSTMENTS ARE NOT DETAILED THEY WILL BE RECORDED AS
REVENUES OR EXPENDITURES IN THE CURRENT YEAR AND TREATED AS
UNSUBSTANTIATED PRIOR PERIOD ADJUSTMENTS.
0
95
I as
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(K) GENERAL FIXED ASSETS GROUP OF ACCOUNTS
BALANCE SHEET
DESCRIPTION
ASSETS
LAND
BUILDINGS
MACHINERY & EQUIPMENT
TOTAL ASSETS
I
FOR THE FISCAL
YEAR. ENDED 1991
EDP FOR THE FISCAL
CODE YEAR ENDED 1992
532,842 K101
385,254 x:102
1,232,023 K104
K
K
1,650,119
96
5 32,842
389,484
1,284,808
1,707,134
B 1'
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
•FOR THE FISCAL YEAR ENDED 1992
(K) GENERAL FIXED ASSETS GROUP OF ACCOUNTS
BALANCE SHEET
r1
L.J
cI
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1991 CODE YEAR ENDED 1992
INVESTMENT IN GENERAL FIXED.ASSETS
INVEST GENERAL FXD
ASSETS -CURRENT APP
*1,124,989
K152
$ 1, 182,004
INVEST GENERAL FXD
ASSETS -GIFTS
5,700
K153
5,700
INVEST GENERAL FXD
ASSETS -FEDERAL AID
519,430
K157
519,430
K
K
"TOTAL INVESTMENT IN
GENERAL FIXED ASSETS
1,650,119
1,707,134
S
97
I @Q
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1992
(W) GENERAL LONG TERM DEBT GROUP OF ACCOUNTS
BALANCE SHEET
DESCRIPTION
ASSETS
AMT AVAILABLE IN DEBT SERVICE
FUND
AMTS TO BE PROV FOR LONG—TERM
TOTAL ASSETS
FOR THE FISCAL
YEAR ENDED 1991
EDP FOR THE FISCAL
CODE YEAR ENDED 1992
$53,215 W120
11,249,180 W125
W
W
11,302,395
a -i
$ 114,640
10fV464, 621
_L0, 979„261
I n
TOWN OF ITHACA
\• '
m
ANNUAL UPDATE DOCUMENT
FOR
THE FISCAL YEAR ENDED
1992
•
(W) GENERAL LONG TERM DEBT
GROUP OF ACCOUNTS
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1991
CODE
YEAR ENDED 1992
LIABILITIES
INSTALLMENT PURCHASE DEBT
$27,759
W685
21,482
COMPENSATED ABSENCES
35,904
W687
72,489!
W
W
TOTAL OTHER LIABILITIES
63,663
93,971
DUE TO EMPLOYEES' RETIREMENT
SYSTEM
95,295
W637
89,099
W
N
TOTAL DUE TO OTHER
89,099
GOVERNMENTS
95,295
BONDS PAYABLE
11,143,437
W628
10,396,191
W
•W
TOTAL BOND AND LONG
TERM LIABILITIES
11,143,437
10;396,7L91 --
TOTAL
TOTAL LIABILITIES
11,302,395
1O,579,2�f
\• '
m
•
• *** SUPPLEMENTAL SECTION ***
100
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
TAX ANTICIPATION NOTES N/A
{
(LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
I
ITAX ANTICIPATION NOTE NO. 1
I
(MONTH AND YEAR OF ISSUE'
ICURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
2P18611
$
(ISSUED DURING FISCAL YEAR
(DO NOT INCLUDE RENEWALS HERE)
2P18613
$
IPAID DURING FISCAL YEAR
{ (DO NOT INCLUDE RENEWALS HERE)
2P18615
S
ICUTSTANDING END OF FISCAL YEAR
2P18617
[FINAL MATURITY DATE
I
ITAX ANTICIPATION NOTE NO.,2
i
I
IMONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
2P18611
$ I
IISSUED DURING FISCAL YEAR.
I (DO NOT INCLUDE RENEWALS HERE)
2P18613
$ I
(PAID DURING FISCAL YEAR
i (DO NOT INCLUDE RENEWALS HERE)
2P18615
S I
IOUTSTANDING END OF FISCAL YEAR
2P18617
I
(FINAL MATURITY DATE
I
I
I
ITAX ANTICIPATION NOTE NO. 3
I
{
I
IMONTH AND YEAR OF ISSUE
I
(CURRENT INTEREST RATE
I
{OUTSTANDING BEGINNING OF YEAR
2P18611
I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18613
$ {
(PAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2PI3615
I
(OUTSTANDING END OF FISCAL YEAR
2PI8617
$ I
(FINAL MATURITY DATE
I
I
TOTAL TAX ANTICIPATION NOTES
AMOUNT
OUTSTANDING BEGINNING OF YEAR $
ISSUED DURING FISCAL YEAR S
PAID DURING FISCAL YEAR $
OUTSTANDING END OF FISCAL YEAR $
101
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
REVENUE ANTICIPATION NOTES - N/A
•
I
ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
IREVENUE ANTICIPATION NOTE NO. 1
1
(MONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR
(ISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
IPAID DURING FISCAL YEAR
(DO NOT INCLUDE RENEWALS HERE)
(OUTSTANDING END OF FISCAL YEAR
(FINAL MATURITY DATE
I- -
IREVEI4UE ANTICIPATION NOTE NO. 2
2P18621 $
2P18623 $
2P18625 $
2P18627 $
[MONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR 2P18621 $
(ISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE) 2PIS623 $
(PAID DURING (FISCAL YEAR
(DO NOT INCLUDE RENEWALS HERE) 2P18625 $
• IOUTSTANDING END OF FISCAL YEAR. 2P18627 $
(FINAL MATURITY DATE
I
[REVENUE ANTICIPATION NOTE
I
NO. 3
(MONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
2PIS621 $
IISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS
HERE)
2PIS623 $
(PAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS
HERE)
2P18625- $
(OUTSTANDING END OF FISCAL
YEAR
2P18627 $
(FINAL MATURITY DATE
TOTAL REVENUE ANTICIPATION NOTES
OUTSTANDING BEGINNING OF YEAR
ISSUED DUPING FISCAL YEAR
PAID DURING FISCAL YEAR
OUTSTANDING END OF FISCAL YEAR
• f
102
AMOUNT
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BUDGET NOTES - N/A
• I I
(LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT {
I I
IBUDGET NOTE NO. 1
IMONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR.
(ISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
(PAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
IOUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
I
(BUDGET NOTE NO. 2
1
(MONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
(ISSUED DUPING FISCAL YEAR
(DO NOT INCLUDE RENEWALS HERE)
IPAID DURING FISCAL YEAR
• 1 (DO NOT INCLUDE RENEWALS HERE)
(OUTSTANDING END OF FISCAL YEAR
(FINAL MATURITY DATE
I
[BUDGET NOTE NO. 3
1
(MONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
IISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
IPAID DURING FISCAL YEAR
{ (DO NOT INCLUDE RENEWALS HERE)
(OUTSTANDING END OF FISCAL YEAR
(FINAL MATURITY DATE
I
TOTAL BUDGET NOTES
OUTSTANDING BEGINNING OF YEAR
ISSUED DURING FISCAL YEAR
PAID DURING FISCAL YEAR
OUTSTANDING END OF FISCAL YEAR
103
2PI8631
S
2PI8631
_I
I
$ i
2PI8633
I
$ {
2P18635
I
$ [
2P18637
$ I
I
I
I
I
2PIS631
i
I
$ I
2PI8633
{
$ i
2PI8635
I
1
2P18637
$ 1
i
2PI8631
S
2Pi8633
S1
2P18635
S
2P18637
$
AMOUNT
F AI
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
CAPITAL NOTES— N/A
(LIST SEPARATELY BY DATE OF ISSUE
I
(CAPITAL NOTE NO. 1
1
IMONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR
(ISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
IPAID DURING FISCAL YEAR
(DO NOT INCLUDE RENEWALS HERE)
(OUTSTANDING END OF FISCAL YEAR:.
(FINAL MATURITY DATE
I
(CAPITAL NOTE NO. 2
I
(MONTH AND YEAR. OF ISSUE
ICURRENT INTEREST RATE..
(OUTSTANDING BEGINNING OF YEAR
IISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
IPAID DURING FISCAL YEAR.
I (DO NOT INCLUDE RENEWALS HERE)
• IOUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
I
(CAPITAL NOTE NO. 3
i
[MONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR
IISSUED DURING FISCAL YEAR.
I (DO NOT INCLUDE RENEWALS HERE)
IPAID DURING FISCAL YEAR.
I (DO NOT INCLUDE RENEWALS HERE)
(OUTSTANDING END OF FISCAL YEAR
(FINAL MATURITY DATE
I
TOTAL CAPITAL NOTES
EDPCODE AMOUNT
Y
2P4 57 S
ap
2P4 57 $
2P4 57 S
OUTSTANDING BEGINNING OF YEAR 2P18651
ISSUED DURING FISCAL YEAR 2P18653
PAID DURING FISCAL YEAR 2P18655
OUTSTANDING END OF FISCAL YEAR 2P18657
0
104
AMOUNT
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BOND ANTICIPATION NOTES
(LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT I
_1
(BOND ANTICIPATION NOTE NO. 1
I
1 SCLIWC - ZEBRA MUSSEL PROJ.
I MONTH AND YEAR OF ISSUE
01 IQ3--I
(CURRENT INTEREST RATE
A-90 1
IOUTSTANDING BEGINNING OF YEAR
$ n 1
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
$ 51,869 I
IPAID DURING FISCAL YEAR
1
I (DO NOT INCLUDE RENEWALS HERE)
$ n
(OUTSTANDING END OF FISCAL YEAR. 2P4 67
$ 51,869
IFINAL MATURITY DATE
n1 J91 I
(BOND ANTICIPATION NOTE NO. 2
I
I
I
(MONTH AND YEAR OF ISSUE
I
ICURP.ENT INTEREST RATE
I
IOUTSTANDING BEGINNING OF YEAR
$ I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
$ 1
IPAID DURING FISCAL YEAR
I
• 1 (DO NOT INCLUDE RENEWALS HERE)
$ I
(OUTSTANDING END OF FISCAL YEAR 2P4 67
$
IFINAL MATURITY DATE
I
I
1
(BOND ANTICIPATION NOTE NO. 3
I
I
I
IMONTH AND YEAR OF ISSUE
I
(CURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
$ I
IISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
S I
IPAID DUPING FISCAL YEAR
I
I' (DO NOT INCLUDE RENEWALS HERE)
$ I
•
IOUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
I
n
105
2P4 67 $
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
• BOND ANTICIPATION NOTES
{LIST SEPARATELY BY DATE OF ISSUE
1
EDPCODE
AMOUNT i
I
{BOND ANTICIPATION, NOTE NO. 4
1
{
1
(MONTH AND YEAR OF ISSUE
{
(CURRENT INTEREST RATE
{
(OUTSTANDING BEGINNING OF YEAR
$
{
[ISSUED DURING FISCAL YEAR
{
I (DO NOT INCLUDE RENEWALS HERE)
$
{
(PAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
$
I
(OUTSTANDING END OF FISCAL YEAR
2P4 67
$
I
[FINAL MATURITY DATE
I
[
I
[BOND ANTICIPATION NOTE NO. 5
f
I
1
IMONTH AND YEAR OF ISSUE
{
(CURRENT INTEREST RATE
[
{OUTSTANDING BEGINNING OF YEAR
$
I
IISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
$
I
IPAID DURING FISCAL YEAR
I
•
I (DO NOT INCLUDE RENEWALS HERE)
$
I
IOUTSTANDING END OF FISCAL YEAR
2P4 67
$
I
(FINAL MATURITY DATE
[
{
I
(BOND ANTICIPATION NOTE NO. 6
1
{
I
(MONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
{
IOUTSTANDING BEGINNING OF YEAR
$
I
IISSUED DURING FISCAL YEAR
{
I (DO NOT INCLUDE RENEWALS HERE)
$
I
IPAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
$
_i
iOUTSTANDING END.OF FISCAL YEAR
2P4 67
$
{
IFINAL MATURITY DATE
[
TOTAL BOND ANTICIPATION NOTES
AMOUNT
OUTSTANDING BEGINNING OF YEAR
2P18661
$
0
ISSUED DURING FISCAL YEAR
2018663
$
51,869
PAID DURING FISCAL YEAR
2P18665
$
0
OUTSTANDING END OF FISCAL YEAR
2P18667
$
51,869
# BOND ANTICIPATION NOTES REDEEMED
0
FROM BOND PROCEEDS DURING FISCAL YEAR
2P18885
$
0
•
s
106
6
Rs
STATEMENT OF INDEBTEDNESS
WATER AND OTHER. PURPOSES EXE14PT FROM CONSTITUTIONAL DEBT LIMIT
BONDS
I
(LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
I
(BOND NO. 1
IMONTH AND YEAR OF ISSUE 09,154
I CUP.RENT INTEREST PATE 9_6n
IOUTSTANDING BEGINNING OF YEAR 2P18671 $- ii,c00
(ISSUED DURI-NG FISCAL YEAR 2P18673 $ p I
(PAID DURING FISCAL YEAR 2P18675 $ 41500 I
(OUTSTANDING END OF FISCAL YEAR 2P18677
I FINAL MATURITY DATE 02/911 {
IBOND NO. 2
1 1976 WATER & SEWER TMPRn 7F.MF.NT {
MONTH AND YEAR OF ISSUE
ICUP.RENT INTEREST RATE 6.00
(OUTSTANDING BEGINNING OF YEAR 2PI8671 $580,000
(ISSUED DURING FISCAL YEAR 2P18673 $ 0 I
I PAID DURING FISCAL YEAR 2PI8675 $ 90,000 1
IOUTSTANDING END OF FISCAL YEAR 2P18677 S 490,000
FINAL MATURITY DATE 03/03
I i
IBOND NO. 3
1 1986 PUBLIC IMPROVEMENT 1
IMONTH AND YEAR OF ISSUE 05/86 {
ICURRENT INTEREST RATE 6.80
IOUTSTANDING BEGINNING OF YEAR. 2P18671 $ 2,225,000
(ISSUED DURING FISCAL YEAR 2P18673 $ 0
IPAID DURING FISCAL YEAR 2P18675 S .125,000
IOUTSTANDING END OF FISCAL YEAR 2P18677 S 2,100,000 {
I FINAL MATURITY -DATE _ 05/06
I (
(BOND NO. 4 {
1 1983 PUBLIC IMPROVEMENT 1
IMONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR
(ISSUED DURING FISCAL YEAR
(PAID DURING FISCAL YEAR
(OUTSTANDING END OF FISCAL YEAR
(FINAL MATURITY DATE
I
107
05/83 {
7.10 {
2P18671 $ 270,000
2PI8673 $ 0
2P18675 $ 40,000 {
2P18677 $ 230,000
06/98 {
I
I
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BONDS
01
ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT I
i 1
(BOND NO. 5 1
1 1989 PUBLIC IMPROVEMENT I
IMONTH AND YEAR OF ISSUE 1
(CURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR 2P18671 S 2,340,00�-1
(ISSUED DURING FISCAL YEAR 2P18673 S 0 {
I PAID DURING FISCAL YEAR 2P18675 $ 125,000
IOUTSTANDING END OF FISCAL YEAR 2P18677 $ 2,215,000 1
I FINAL MATURITY DATE 03708-1
I I
IBOND NO. 6 1
I SCLIWC I
IMONTH AND YEAR OF ISSUE 11/76 1
ICURRENT INTEREST RATE 6.70 1
(OUTSTANDING BEGINNING OF YEAR 2P18671 1,198,068 1
(ISSUED DURING FISCAL YEAR 2P18673 S 0 1
I PAID DURING FISCAL YEAR 2P18675 $ 239,613 i
(OUTSTANDING END OF FISCAL YEAR
(FINAL MATURITY DATE
�i
1pIBOND NO. 7
1 SCLIWC - ZEBRA MUSSEL PROJECT
(MONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR
(ISSUED DURING FISCAL YEAR
(PAID DURING FISCAL YEAR
(OUTSTANDING END OF FISCAL YEAR.
(FINAL MATURITY DATE
I
TOTAL BONDS
OUTSTANDING BEGINNING OF YEAR
ISSUED DURING FISCAL YEAR
PAID DURING FISCAL YEAR
OUTSTANDING END OF FISCAL YEAR
r1
U
108
2P18677 $ 958,455 1
08/96 i
2P18671
2PI3673
2PI8675
2P18677
I
I
12/91 1
6.00 1
$ 51,869 1
$ 0
$ 0 f
$ 51,869 1
06/00 1
I
AMOUNT
S
S
S
S
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BONDS
I _I
ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT {
I {
{BOND PJO. 8 {
I 1991 PUBLIC IMPROVEMENTS {
IMONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
[ISSUED DURING FISCAL YEAR
(PAID DURING FISCAL YEAR
_ Q7/91
6.625
2P18671 $.4,4-65,000 I
2P18673 $ 0 I
2P18675 $ 175,000 J
IOUTSTANDING END OF FISCAL YEAR 2P18677 $ 4,290,000 [
IFINAL MATURITY DATE 07/11 1
I I
(BOND NO.9 I
I SCLIWC - ZEBRA MUSSEL PROJECT I
IMONTH AND YEAR OF ISSUE 01/92
ICURRENT INTEREST RATE 6.00
[OUTSTANDING BEGINNING OF YEAR 2P18671 $ O 1
IISSUED DURING FISCAL YEAR 2P18673 $ 51,869 1
(PAID DURING FISCAL YEAR 2P18675 $ 0 I
IOUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
2P18677 $_ 51,869 {
06/00 1
I
IBOND NO. -- j
I I
IMONTH AND YEAR OF ISSUE
I CUP,P.ENT INTEREST PATE
[OUTSTANDING BEGINNING OF YEAR
(ISSUED DURING FISCAL YEAR,
IPAID DURING FISCAL YEAR
(OUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
I
TOTAL BONDS
OUTSTANDING BEGINNING OF YEAR
ISSUED DUPING FISCAL YEAR
PAID DURING FISCAL YEAR
OUTSTANDING END OF FISCAL YEAR
108/4
2P18671
$ [
2P18673
2P18675
$ 1
2P18677
$ I
AMOUNT
$11,143,437
$
--51,869
$ - 799,113
$ 10,396,193
HE
STATEMENT OF INDEBTEDNESS
INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
• CAPITAL NOTES = N/A
(LIST SEPARATELY BY DATE OF ISSUE
I
ICAPITAL NOTE NO. 1
I
IMONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR
(ISSUED DURING FISCAL YEAR.
I (DO NOT INCLUDE RENEWALS HERE)
(PAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
(OUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
I
(CAPITAL NOTE NO. 2
1- -
(MONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
IISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
(PAID DURING FISCAL YEAR
• I. (DO NOT INCLUDE RENEWALS HERE)
IOUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
I
(CAPITAL NOTE NO. 3
1
IMONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
IISSUED DURING FISCAL YEAR
(DO NOT INCLUDE RENEWALS HERE)
(PAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
(OUTSTANDING END OF FISCAL YEAR
(FINAL MATURITY DATE
I
TOTAL CAPITAL NOTES
OUTSTANDING BEGINNING OF YEAR
ISSUED DURING FISCAL YEAR
PAID DURING FISCAL YEAR
OUTSTANDING END OF FISCAL YEAR
•
109
EDPCODE AMOUNT
2P18751 S
2P 18753 0
2P18755 $
2P18757 $
2P18751
2P18753
2P18755
2PI8757
2P18751
2P18753
2P18755
2PI8757
$ I
I
I
AMOUNT
S
S
I IIa
STATEMENT OF INDEBTEDNESS
INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
•
BOND ANTICIPATION NOTES - N/A
(LIST SEPARATELY BY DATE OF ISSUE
I
IBOND ANTICIPATION NOTE NO. 1
I
(MONTH AND YEAR OF ISSUE
ICURRENT INTEREST PATE
IOUTSTANDING BEGINNING OF YEAR
(ISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
IPAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
(OUTSTANDIN.G END OF FISCAL.YEAR
[FINAL MATURITY DATE
IBOND ANTICIPATION NOTE NO. 2
l
EDPCODE AMOUNT
2P18761
2P18763
2P18765
2P18767
S
E
(MONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
2P18761 $
(ISSUED DURING FISCAL YEAR
(DO NOT INCLUDE RENEWALS HERE)
2PI8763 $
•I
IPAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
2P18765 $
IOUTSTANDING END OF FISCAL YEAR.
2P18767
(FINAL MATURITY DATE
I
IBOND ANTICIPATION NOTE NO. 3
I '
(MONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR
[ISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
IPAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
[OUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
•
110
2P18761 S
2P18763 $
2P18765 $
2P18767 $
l
STATEMENT OF INDEBTEDNESS
INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL_ DEBT LIMIT
BOND ANTICIPATION NOTES.- N/A
• I
(LIST SEPARATELY BY DATE OF ISSUE
I
(BOND ANTICIPATION NOTE NO. 4
1
IMONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
IISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
IPAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
IOUTSTANDING END OF FISCAL YEAR
(FINAL MATURITY DATE
I
IBOND ANTICIPATION NOTE NO. 5
1
IMONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
IISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
IPAID DURING FISCAL YEAR
• I (DO NOT INCLUDE RENEWALS HERE)
IOUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
IBOND ANTICIPATION NOTE NO. 6
1 -
EDPCODE AMOUNT
2P18761
2P18763
2P18765
2P18767 $
2PIS761 $
2P18763
2P18765 $
2P18767 $
IMONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR
2PI8761 S
IISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
2P18763 $
IPAID DURING FISCAL YEAR
i (DO NOT INCLUDE RENEWALS HERE)
2P18765 S
[OUTSTANDING END OF FISCAL YEAR
2PIS767 S
IFINAL MATURITY DATE
I
TOTAL BOND ANTICIPATION NOTES
OUTSTANDING BEGINNING OF YEAR
ISSUED DURING FISCAL YEAR
PAID DURING FISCAL YEAR
OUTSTANDING END OF FISCAL YEAR
*** BOND ANTICIPATION NOTES REDEEMED
• FROM BOND PROCEEDS DURING FISCAL YEAR
111
AMOUNT
2PIS885 - S
I I'
STATEMENT OF INDEBTEDNESS
. INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL. DEBT LIMIT
BONDS - N/A
I
(LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
I
(BOND NO. 1
I
(MONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR
IISSUED DUPING FISCAL YEAR
(PAID DURING FISCAL YEAR
IOUTSTANDING END OF FISCAL YEAR.
IFINAL MATURITY DATE
I
(BOND NO. 2
1
(MONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
IISSUED DURING FISCAL YEAR
(PAID DURING FISCAL YEAR.
•(OUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
I
(BOND NO. 3
l
•
2P18771 $
2P18773 $
2P18775 $
2PI8777 $
2P18771 S
2'18773
2P18775 $
2PI8777 $
(MONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
[OUTSTANDING BEGINNING OF YEAR 2P18771
IISSUED DURING FISCAL YEAR 2P18773
(PAID DURING FISCAL YEAR 2P18775
(OUTSTANDING END OF FISCAL YEAR 2PI8777
IFINAL MATURITY DATE
(BOND NO. 4
1
(MONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
IISSUED DURING FISCAL YEAR
IPAID DURING FISCAL YEAR
IOUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
- -
112
2P18771 $
2P18773 $
2P18775 $
2P18777 S
STATEMENT OF INDEBTEDNESS
INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BONDS - N/A
•1
(LIST SEPARATELY BY DATE OF ISSUE
1
IBOND NO. 5
IMONTH AND YEAR. OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
(ISSUED DURING FISCAL YEAR
IPAID DURING FISCAL YEAR
(OUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
I
IBOND NO. 6
Il
(MONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR
(ISSUED DURING FISCAL YEAR
IPAID DURING FISCAL YEAR
IOUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
�IBOND NO. 7
1
IMONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
IISSUED DURING FISCAL YEAR
IPAID DURING FISCAL YEAR
IOUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
TOTAL BONDS
OUTSTANDING BEGINNING OF YEAR
ISSUED DURING FISCAL YEAR
PAID DURING FISCAL YEAR
OUTSTANDING END OF FISCAL YEAR
113
EDPCODE AMOUNT
2P18771
$
2P18773
$
2P18775
$
2P18777
$
2PI8771
$
2P18773
$
2P18775
$
2P18777 $
2P18771
2PIS773
2PI8775
2PI8777
STATEMENT OF INDEBTEDNESS
INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
• STATE OR AUTHORITY LOANS
N/A
I
ISTATE OR AUTHORITY LOANS
IMONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
IOUTSTANDING BEGINNING OF YEAR
(ISSUED DURING FISCAL YEAR.
IPAID DURING FISCAL YEAR
[OUTSTANDING END OF FISCAL YEAR
(FINAL MATURITY DATE
I
EDPCODE AMOUNT
2P18791 S
2P18793 S
2P18795 $
2P18797 $
if'#3E'E#7E#XyR'ESE#'E##'iE##-.;T�.#�'f''E##:c#x�E#'k######a#?E#�F;E',E#7c'•E#######�.####x##;c#?E####3C-##
0 TOTAL OF ALL INDEBTEDNESS
INCLUDES TOTAL OF ALL BONDS AND NOTES - EXEMPT AND NOT EXEMPT
•
OUTSTANDING BEGINNING OF YEAR $
ISSUED DURING FISCAL YEAR
PAID DURING FISCAL YEAR. $
OUTSTANDING END OF FISCAL YEAR.
4
114
9 R'
•
OSC DATA ENTRY
DO NOT KEY
INDEBTEDNESS BY PURPOSE - N/A
FOR CAPITAL NOTES AND BOND ANTICIPATION NOTES
EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BREAKDOWN OF OUTSTANDING BALANCE BY PURPOSE I
I I I OTHER (PLEASE SPECIFY)( EXEMPT I DATE OF
I { TAX { FROM DEBTIISSUE OR
SANITARY { I INCREMENT I i I LIMIT (LATEST
SEWER. I WATER I FINANCING I I I (RENEWAL
81 I 83 I 20 I I I IMONTH/YR
I I I I ! I
I I I I i I
I f I I I f
I I I l I I
I I I ! I I
i I I I I I
I i i I I i
I I f I I I
I I I I f l
i I I I I i
I I I 1 I l
I I I I I I
I I I [ I I
i I I I I i
I I I I I I
I I I I I I
I I I I I I
I I I 1 I I
I I I I I I
I I I i I I
l I I I I I
I I I i I I
-- FOR EACH OF THE OUTSTANDING NON -CHARGEABLE BOND ANTICIPATION NOTES AND
CAPITAL NOTES, PLEASE PUT THE OUTSTANDING AMOUNTS UNDER THE APPROPRIATE
COLUMN HEADINGS. THESE AMOUNTS MUST BE IN WHOLE DOLLARS ONLY
0
115
S I'
MATURITY SCHEDULE
USE ONLY FOR BONDS ISSUED DURING THE FISCAL YEAR
116
9°
IEDPCODE
I I
PURPOSE OF ISSUE
I
I
I I_
I SCLIWC - ZEBRA I
I MUSSEL PROJECTI
FOR STATE COMPTROLLER{ 2P3CE
I I
USE ONLY
I
I I
TOTAL PRINCIPAL
I
12P3PR
I I
I I
1 51,869 {
DATE OF ISSUE
12P3DT
I {
_
{
{ 01/92 I
INTEREST RATE
12P3PC
I I
(IN DECIMALS)
I
I I
I
I 6.0% I
MONTH, DAY AND YEAR
{ 2P3DM
OF FINAL MATURITY
{
{ {
(
{ 06/01
AMOUNT OF PRINCIPAL
12P392
{ I
REDEEMED IN OR TO BE
I
I 0 {
REDEEMED IN FISCAL
12P393
I I
YEAR ENDING IN
I
I 5.187 {
(THE LAST TWO DIGITS
i 2P394
1 I
OF THE EDP CODE
I
( 5,187 I
CORRESPOND TO THE
12P395
I I
FISCAL YEAR ENDED)
I
( 6,224
12P396
I i
I 6,224
12P397
I I
I
I 6,743
12P398
I I
6.743 I
12P399
I I
12P300
I 7,780
I I
I
I 7,780 1
1 2P301
I
I I
12P302
I I
I I
12P303
I i
l 2P304
f i
12P305
I
f
I I
12P306
I I
I I
{ 2P307
I
I
I I
12P308
I I 1
I I
1
12P3D9
I I I
I I I
116
9°
MATURITY SCHEDULE
USE ONLY FOR BONDS ISSUED DURING THE FISCAL YEAR (CONTINUED)
117
9°
IEDPCODE I I I
AMOUNT OF PRINCIPAL
12P310 I I I
REDEEMED IN
OR TO BE
l I I I
REDEEMED IN
FISCAL
12P311 I I I
YEAR ENDING
IN
I I I I
(THE LAST TWO
DIGITS
i 2P312 I I I
OF THE EDP
CODE
! I I I
CORRESPOND
TO THE
12P313 I I I
FISCAL YEAR
ENDED)
I I I I
12P314
I
I I i
12P315 I I I
12P316
12P317 I I I
I I i I
12P318
12P319 I I I
I
t l I
12P320 I I I
12P321 I I I
I
I ! I
12P322
I I I I
12P323
{
i 2P324 I I I
I
! l I
12P325 I I I
I I I I
12P326 I I I
I i I I
2P327 I I I
I ! I l
12P328 I I I
I
I l I I
{ 2P329 I l I
i 1 I I I
12P330 t I I I
I
i I I I
12P331 I I I I
I I I I I
12P332 I I I I
I I I I I
1
I I i I I
I TOTAL
117
9°
TOWN OF ITHACA
STATEMENT OF INDEBTEDNESS- N/A
SCHEDULE FOR REPORTING VARIABLE RATE,
• DISCOUNTED, AND/OR NEGOTIATED BONDS & NOTES
(PLEASE COMPLETE A SEPARATE SCHEDULE FOR EACH DEBT ISSUE)
FISCAL YEAR ENDED 1992 ONLY
CCODE
EDP CODE AMOUNT
-------- ---------
118
I AI
TYPE OF DEBT INSTRUMENT: PLEASE ENTER I FOR A
BOND, 2 FOR A BOND ANTICIPATION NOTE,
OR 3 FOR OTHER NOTES.
6PKOD
AMOUNT OF ISSUE
6PPR
$
WAS THIS ISSUE SOLD COMPETITIVELY OR THROUGH
NEGOTIATED SALE? PLEASE ENTER 1 IF SOLD
COMPETITIVELY-, 2 IF NEGOTIATED SALE.
6PTOS
CREDIT RATING
WHICH ORGANIZATION RATED THE ISSUE?
DATE OF ISSUE
6PDT
•
MONTH, DAY AND YEAR OF FINAL MATURITY
6PDM
LOCAL FINANCE LAW SECTION 11 SUBSECTION
AUTHORIZING ISSUANCE
6PPU
PURPOSE OF ISSUE
6PPOI
TYPE OF INTEREST RATE: PLEASE ENTER 1 IF FIXED,
2 IF VARIABLE, 3 IF SOLD AT DISCOUNT.
6PTIR
INTEREST RATE ON DATE OF ISSUE
6PIR
PAR VALUE
6PPV
PRE14IUM AND ACCRUED INTEREST
6PAI
�
AMOUNT OF SALE/TOTAL PROCEEDS
6PSTP
$
LESS:
COST OF ISSUANCE
ORIGINAL ISSUE DISCOUNT
6POID
$
UNDERWRITERS DISCOUNT
6PUD
S
LETTER OF CREDIT
6PLC
S
LIQUIDITY FACILITY
6PLF
S
OTHER COSTS OF ISSUANCE
6POCI
5
TOTAL COSTS OF ISSUANCE
6PTC
S
•NET
PROCEEDS AVAILABLE FOR'PURPOSE OF ISSUE
6PNP
S
118
I AI
TOWN OF ITHACA
SCHEDULE FOR REPORTING ALL INSTALLMENT
PURCHASE CONTRACTS/CERTIFICATES OF PARTICIPATION (COPS)
(COMPLETE A SEPARATE SET OF FORMS FOR EACH TRANSACTION)
• FIS'CAL YEAR ENDED 1992 ONLY
CCODE _
PURCHASE CONTRACTS EDPCODE AMOUNT
PURPOSE 3PPI0 49,8
(IDENTIFY CAPITAL IMPROVEMENT/PURCHASE)
APPLICABLE PERIOD OF PROBABLE USEFULNESS (SEE
SECTION 11 LOCAL FINANCE LAW) t3PPU to YRS
NAME OF VENDOR _ PLEASE ENTER 1 IF THE
CONTRACT WAS,FINANCED BY VENDOR FINANCING OR ENTER 2 IF
NON -VENDOR. THIRD PARTY FINANCING WAS UTILIZED. 3PVEND
COST OF CAPITAL IMPROVEMENT (EXCLUDING FINANCING COST) 3PCCI
DATE OF CONTRACT 3PDC 03 /30/-0
DATE OF FIRST PAYMENT ON CONTRACT 3PFP 04/0_7/0
FINANCING TERMS
---------------
DOWNPAYMENT 3PDP 0
INTEREST RATE SET FORTH IN INSTALLMENT PURCHASE CONTRACT 3PIPIR 8.15
•TOTAL PRINCIPAL AMOUNT OF INSTALLMENT PURCHASE CONTRACT
(EXCLUDING INTEREST) 3PAIPC $ 37,64()
AMOUNT OF CURRENT YEAR PRINCIPAL PAYMENT ON CONTRACT 3PCYPP $ 8,253
3
(PLEASE COMPLETE AN AMORTIZATION SCHEDULE ON THE.
FOLLOWING PAGE FOR EACH INSTALLMENT PURCHASE CONTRACT.)
TOTAL AMOUNT OF UNPAID PERIODIC PAYMENTS (EXCLUDING
INTEREST) OUTSTANDING AT THE END OF -THE CURRENT YEAR
LENGTH OF THE INSTALLMENT PURCHASE'CONTRACT
CERTIFICATES OF PARTICIPATION (COPS)
------------------------------------
WERE COPS ISSUED IN CONNECTION WITH THIS INSTALLMENT
PURCHASE CONTRACT? (PLEASE ENTER 1 IF YES, 2 IF NO.)
IF COPS WERE ISSUED, WERE THEY SOLD AT A
COMPETITIVE OR NEGOTIATED SALE?
(PLEASE ENTER 1 IF COMPETITIVE, 2 IF NEGOTIATED.)
NAME OF ISSUER OF COPS
AMOUNT OF COPS ISSUED
NET INTEREST RATE FOR COPS
OWAS THIS AN AGGREGATED OR POOLED ARRANGEMENT? (PLEASE.
ENTER 1 IF AGGREGATED, 2 IF POOLED, OR 3 IF NEITHER.)
119
3PUPP
$ 19, 506
3PLIPC
5 YRS
3PCOPS
3PCOPCN
3PCOPNM
3PCOPPR 0
3PCOPIR
3PCOPAP
TOWN OF ITHACA
AMORTIZATION SCHEDULE FOR
INSTALLMENT PURCHASE CONTRACTS
• A14OUNT OF PRINCIPAL TO BE REDEEMED IN (THE LAST TWO YEARS OF THE EDP CODE
CORRESPOND TO THE FISCAL YEAR END)
•
•
CCODE
EDPCODE
3P92
3P93
3P94
3P95
3P96
3P97
3P98
3P99
3P00
3P01
3P02
3P03
3PO4
3P05
3P06
PRINCIPAL AMOUNT DUE
--------------------
8,253
8,952
9,709
845
n
120
CCODE
EDPCODE PRINCIPAL AMOUNT DUE
-----------------
3P07
3P08
3P09
3P10
3P11
3P12
3P13
3P14:
3P15
3P16
3P17
3P18
3P19
3P20
3P21
I 8'
0
•
SCHEDULE OF TIME DEPOSITS AND INVESTMENTS
OTHER THAN RESERVE FUNDS EDPCODE
CASH:
ON HAND
DEMAND DEPOSITS
TIME DEPOSITS
TOTAL
COLLATERAL:
- FDIC INSURANCE
- SECURITIES LOCATED:
(1) IN POSSESSION OF MUNICIPALITY
(2) HELD BY THIRD PARTY CUSTODIAL_ BANK
(3) HELD BY TRADING COUNTER PARTNER
INVESTMENTS.:.
SECURITIES (450)
*BOOK VALUE (COST)
*MARKET VALUE AT BALANCE SHEET DATE
*SECURITIES LOCATED:
(1) IN POSSESSION OF MUNICIPALITY
(2) HELD BY THIRD PARTY CUSTODIAL BANK
(3) HELD BY TRADING COUNTER PARTNER
REPURCHASE AGREEMENTS (451)
*BOOK VALUE (COST)
*MARKET VALUE AT BALANCE SHEET DATE
*SECURITIES LOCATED:
(1) IN POSSESSION OF MUNICIPALITY
(2) HELD BY THIRD PARTY CUSTODIAL BANK
(3) HELD BY TRADING COUNTER PARTNER
121
AMOUNT
9Z2001 70n
9Z2021 1949—_
9Z20 1 1 3, 1 59 , 641
3,353,874
9Z2014 100,000
9Z2014A
9Z2014B 1,253,874
9Z2014C
9 Z 4 5 0 1
9Z4502
9Z4504A
9Z4504B
9Z4504C
9Z4511
9Z4512
9Z4514A
9Z4514B
9Z4514C
r�
•
SCHEDULE OF TIME DEPOSITS AND INVESTMENTS
RESERVE FUNDS EDPCODE
CASH (ALL RESERVE FUNDS):
ON HAND
DEMAND DEPOSITS
TIME DEPOSITS
TOTAL
COLLATERAL:
- FDIC INSURANCE
- SECURITIES LOCATED:
(1) IN POSSESSION OF MUNICIPALITY
(2) HELD BY THIRD PARTY CUSTODIAL BANK
(3) HELD BY TRADING COUNTER PARTNER
INVESTMENTS (ALL RESERVE FUNDS)
- SECURITIES (450)
*BOOK VALUE (COST)
*MARKET VALUE AT BALANCE SHEET DATE
*SECURITIES LOCATED:
(1) IN POSSESSION OF MUNICIPALITY
(2) HELD BY THIRD PARTY CUSTODIAL BANK
(3) HELD BY TRADING COUNTER PARTNER
- REPURCHASE AGREEMENTS (ALL RESERVE FUNDS) (451)
*BOOK VALUE (COST)
*MARKET VALUE AT BALANCE SHEET DATE
*SECURITIES LOCATED:
(1) POSSESSION OF MUNICIPALITY
(2) HELD BY THIRD PARTY CUSTODIAL BANK
(3) HELD BY TRADING COUNTER PARTNER
I
122
9Z2301
9Z2311
9Z2321
9Z2324
9Z2324A
9Z2324B
9Z2324C
9Z4521
9Z4522
9Z4524A
9Z4524B
9Z4524C
9Z4531
9Z4532
9Z4534A
9Z4534B
9Z4534C
AMOUNT
19,628
19,698
I sg
r1
�J
•
THIS FORM MUST BE COMPLETED UNLESS THESE FINANCIAL
STATEMENTS WILL BE AUDITED BY AN INDEPENDENT PUBLIC ACCOUNTANT.
BANK RECONCILIATION N/A
INCLUDE ALL CHECKING: SAVINGS AND C.D. ACCOUNTS
BANK ADD: LESS: ADJUSTED
ACCOUNT BANK DEPOSITS OUTSTANDING BANK
NUMBER BALANCE IN TRANSIT CHECKS BALANCE
EDP CODE
TOTAL ADJUSTED BANK BALANCE --------
PETTY CASH
ADJUSTMENTS (SPECIFY)
TOTAL CASH
TOTAL CASH BALANCE ALL FUNDS
* MUST BE EQUAL +
9ZCASH
9ZCASHB
123
a
m
REAL PROPERTY TAX LEVY AND RELATED INFORMATION N/A
CURRENT YEAR TAX LEVY AND COLLECTIONS
COUNTIES, CITIES, VILLAGES, AND WESTCHESTER COUNTY TOWNS
TAXES ON ROLL S
ADD:RELEVIED TAXES
ADD:OTHER S
TOTAL TAXES AND OTHER ITEMS ON WARRANT $
DEDUCT:CANCELLATIONS AND ADJUSTMENTS (. )
DEDUCT:OTHER ( )
TOTAL TAXES AND OTHER ITEMS
TO BE COLLECTED s (B)
DEDUCT TOTAL TAXES AND OTHER ITEMS
ACTUALLY COLLECTED ( )(A)
UNCOLLECTED TAXES AND OTHER ITEMS $
•TAX COLLECTION PERFORMANCE (A.DIVIDED BY B)
NEAREST HUNDREDTH PERCENT
AMOUNT
ANALYSIS OF UNCOLLECTED TAXES AND OTHER ITEMS - BY YEAR
A300 A320 A330 A
TAXES RE- TAX SALE PROPERTY OTHER,
CEIVABLES CERTIFI- ACQUIRED
PENDING CATES FOR TAXES TOTAL
CURRENT YEAR 19_ S S S $
PRIOR YEARS: S S S S $
TOTAL $ S S $
124
9 9 Q
TOWN OF ITHACA
LOCAL GOVERNMENT QUESTIONNAIRE
EDP
CODE RESPONSE
----- ---------
WILL OR HAVE THE FINANCIAL STATEMENTS FOR YOUR
LOCAL GOVERNMENT BE INDEPENDENTLY AUDITED?
(IF YES ENTER 1, IF NO ENTER 2) 9ZACO
2. IF THE ANSWER TO QUESTION 1 ABOVE IS YES,
PLEASE COMPLETE THE FOLLOWING:
CIASCHI, DIETERS-HAGEN,
NAME OF AUDITING FIRM LITTLE _& MTCKFT,SON 9ZIAC
ADDRESS OF AUDITING FIRM
STREET TERRACE HILL
CITY ITHAC:A
STATE AND ZIP CODE NFW YORK 14890
3. DOES YOUR LOCAL GOVERNMENT PARTICIPATE IN AN
INSURANCE'POOL WITH OTHER LOCAL GOVERNMENT?
(IF YES ENTER 1, IF NO ENTER 2) 9ZLY31 Z
4.
IF THE ANSWER TO QUESTION 3 ABOVE IS YES,
PLEASE COMPLETE THE FOLLOWING:
NAME OF POOL
TYPE OF INSURANCE
125
TOWN OF ITHACA
NOTICE OF TORT CLAIMS
• FOR
THE FISCAL
YEAR ENDED 1992
TOTAL
TOTAL
NUMBER OF CLAIMS
AMOUNT
OF CLAIMS
EDPCODE
NUMBER
EDPCODE
AMOUNT
CLAIMS PENDING
-BEGINNING OF YEAR
*CLAIMS OTHER THAN
CODEFENDANT/THIRD PARTY
9ZTR15
2
9ZTRI6
67,924.
*CLAIMS INVOLVING
CODEFENDANT/THIRD PARTY
9ZTR10
0
9ZTR1I
0
PLUS:
NOTICES FILED DURING YEAR
*OTHER THAN
CODEFENDANT/THIRD PARTY'
9ZTR25
5
9ZTR26
100,214
*INVOLVING CODEFENDANT/
THIRD PARTY DEFENDANT
9ZTR20
I
9ZTR21
4,929
LESS:
- CLAIMS DISPOSED OF DURING
YEAR PRIOR TO COMMENCEMENT
OF COURT ACTION:
* BY LOCALITY
9ZTR30
I
9ZTR31
1,315.
* BY INSURANCE CARRIER
•
9ZTP40
4
9ZTR41
8,828.
- CLAIMS DISPOSED OF DURING
YEAR AFTER COMMENCEMENT
OF COURT ACTION:
* BY LOCALITY
9ZTR50
0
9ZTR51
0
* BY INSURANCE CARRIER
9ZTR60
1
9ZTR61
2,924.
* BY JUDGMENT
9ZTR70
0
9ZTR71
0
- OTHER
9ZTR80
0
9ZTR81
0
EQUALS:
CLAIMS PENDING
-END OF YEAR
*CLAIMS OTHER THAN
CODEFENDANT/THIRD PARTY
9ZTR95
2
9ZTR96
160,000.
*CLAIMS INVOLVING
CODEFENDANT/THIRD PARTY
9ZTR90
0
9ZTR91
0
•
u
126
TOWN OF ITHACA
NOTICE OF TORT CLAIMS
• FOR THE FISCAL YEAR ENDED 1992
AMOUNT PAID
EDPCODE ON CLAIMS
- CLAIMS DISPOSED OF DURING
YEAR PRIOR TO COMMENCEMENT
OF COURT ACTION:
# BY LOCALITY 9ZTR32
• BY INSURANCE CARRIER 9ZTR42
EDPCODE
CLAIMS DISPOSED OF DURING
YEAR AFTER COMMENCEMENT
OF COURT ACTION:
• BY LOCALITY 9ZTR54
• BY .INSURANCE CARRIER 9ZTR64
• BY JUDGMENT 9ZTR74
• OTHER 9ZTR84
1,315
6,156
COLUMN (1)
NUMBER
ON CLAIMS ## EDPCODE
0 9ZTR56
9ZTR66
0 9ZTR76
0 9ZTR86
COLUMN (3)
AMOUNT PAID
EDPCODE ON CLAIMS
- CLAIMS DISPOSED OF DURING
YEAR AFTER COMMENCEMENT
OF COURT ACTION:
• BY LOCALITY 9ZTR52
• BY INSURANCE CARRIER 9ZTR62
• BY JUDGMENT 9ZTR72
* OTHER 9ZTR82
0
0
EDPCODE
COLUMN (2)
MUNICIPALITY
EQUITABLE
SHARE
0
2,924
0
COLUMN (4)
AMOUNT PAID
GREATER THAN
MUNICIPALITY
EQUITABLE
SHARE ##
9ZTR58
0
9ZTR68
0
9ZTR78
0
9ZTR88
0
# THIS IS THE NUMBER OF CLAIMS (COLUMN 1) DISPOSED OF DURING THE YEAR WHERE
THE SETTLEMENT WAS DETERMINED IN ACCORDANCE WITH THE RELATIVE CULPABILITY
OF EACH PARTY PURSUANT TO AN ITEMIZED DECISION OR JURY VERDICT AND WHERE
THE AMOUNT WAS GREATER THAN THE MUNICIPALITY'S EQUITABLE SHARE. THE
MUNICIPALITY'S EQUITABLE SHARE IS TO BE ENTERED IN COLUMN 2.
## THIS IS THE AMOUNT PAID BY THE MUNICIPALITY WHICH IS GREATER THAN THE
MUNICIPALITY'S EQUITABLE SHARE IN ACCORDANCE WITH THE RELATIVE CULPABILITY
OF PARTIES PURSUANT TO AN ITEMIZED DECISION OR JURY VERDICT.
NOTICE OF TORT CLAIMS REPORT PREPARED.ON 3/9/93 BY
^ I DATE
oan Lent Hamiiton 126 E. Seneca Street, Ithaca, NY 14850
NAME ADDRESS
Town Clerk ( 607 ) 273-1721
TITLE PHONE NUMBER
127
9 9A
TOWN OF ITHACA
NOTICE OF TORT CLAIMS
FOR THE FISCAL YEAR ENDED 1992
AMOUNT PAID
EDPCODE ON CLAIMS
- CLAIMS DISPOSED OF DURING
YEAR PRIOR TO COMMENCEMENT
OF COURT ACTION:
* BY LOCALITY 9ZTR32
• BY INSURANCE CARRIER 9ZTR42
EDPCODE
- CLAIMS DISPOSED OF DURING
YEAR AFTER COMMENCEMENT
OF COURT ACTION:
• BY LOCALITY 9ZTR54
• BY .INSURANCE CARRIER 9ZTR64
• BY JUDGMENT 9ZTR74
# OTHER 9ZTR84
EDPCODE
- CLAIMS DISPOSED OF DURING
YEAR AFTER COMMENCEMENT
OF COURT ACTION:
• BY LOCALITY 9ZTR52
* BY INSURANCE CARRIER 9ZTR62
• BY JUDGMENT 9ZTR72
* OTHER 9ZTR82
1,315
6,156
COLUMN (1)
NUMBER
ON CLAIMS ## EDPCODE
0
COLUMN (3)
AMOUNT PAID
ON CLAIMS
9ZTR56
9ZTR66
9ZTR76
9ZTR86
EDPCODE
0
9ZTR58
1
9ZTR68
0
9ZTR78
0
9ZTR88
COLUMN (2)
MUNICIPALITY
EQUITABLE
SHARE
0
2,924
0
0
COLUMN (4)
AMOUNT PAID
GREATER THAN
MUNICIPALITY
EQUITABLE
SHARE #
0
0
0
# THIS IS THE NUMBER OF CLAIMS (COLUMN 1) DISPOSED OF DURING THE YEAR WHERE
THE SETTLEMENT WAS DETERMINED IN ACCORDANCE WITH THE RELATIVE CULPABILITY
OF EACH PARTY PURSUANT TO AN ITEMIZED DECISION OR JURY VERDICT AND WHERE
THE AMOUNT WAS GREATER THAN THE MUNICIPALITY'S EQUITABLE SHARE. THE
MUNICIPALITY'S EQUITABLE SHARE IS TO BE ENTERED IN COLUMN 2.
## THIS IS THE AMOUNT PAID BY THE MUNICIPALITY WHICH IS GREATER THAN THE
MUNICIPALITY'S EQUITABLE SHARE IN ACCORDANCE WITH THE RELATIVE CULPABILITY
OF PARTIES PURSUANT TO AN ITEMIZED DECISION OR JURY VERDICT.
NOTICE OF TORT CLAIMS REPORT PREPARED.ON 3/9/93 BY
n IG DATE
oan Lent Hamiiton 126 E. Seneca Street, Ithaca, NY 14850
NAME ADDRESS
Town Clerk (_607 ) 273-1721
TITLE PHONE NUMBER
127
1 9A
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
For the Fiscal Year Ended December 31, 1992
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of the Town of Ithaca have been
prepared in conformity with generally accepted accounting
principles (GAAP) as applied to government.units. The
Governmental Accounting Standards Board (GASB) is the
accepted standard setting body for establishing governmental
accounting and financial reporting principles. The more significant of
the government's accounting policies are described below.
A. FINANCIAL REPORTING ENTITY
The Town of Ithaca, which was established in 1821, is governed by Town
Law and other general laws of the State of New York and various local
laws. The Town Board is the legislative body responsible for overall
operations, the Town Supervisor serves as Chief Executive Officer and
Chief Fiscal Officer.
1. Excluded from the Reporting Entity
• Although the following organizations, functions or activities
are related to the Town of Ithaca, they are not included in the Town
of Ithaca reporting entity.
The following are activities undertaken jointly with other
municipalities and are excluded from the financial statements. See
Note V for additional disclosure regarding joint ventures.
Southern Cayuga Lake Intermunicipal Water Commission, with the Towns
of Lansing, and Dryden; and the Villages of Lansing, and Cayuga
Heights.
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 of Ithaca 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 acccounted for within a
separate set of self -balancing accounts that comprise its assets,
liabilities, fund-balance/retained earnings, revenues and expenditures -
expenses which are segregated for the purpose of carrying on specific
activities or attaining certain objectives in accordance with special
regulations, restrictions or limitations. The various funds are
summarized by type in the financial statements. (Certain funds of the
• Town are utilized tb 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:
TOWN OF ITHACA PAGE 2
1. Fund Categories
a. Governmental Funds
* General Fund - to account for revenues (ie., general tax and
other from State, Federal, and local sources) which are not required
by law or other provision to be accounted for in other funds and
which finance the basic governmental functions provided by
the Town.
* General Fund Town Outside Village - used to record transactions
which are required to be a charge on the area of the Town outside
the Village.
* Highway Fund - used to account for revenues and expenditures for
parttown highway purposes.
* Special Revenue Funds - utilized to account for revenues
derived from special sources which are required by law or regulation
to be accounted for in separate funds. Special Revenue Funds
include the following:
Fire Protection Fund - used to record transactions involving the
Town Fire Protection District and the contracts for fire protection
with City of Ithaca and Village of Cayuga Heights.
Lighting District Fund - used to record operation and maintenance
transactions. Revenues derived from special district assessments.
Water Fund - established by law to account for revenues derived from
charges for water consumption, and benefitted assessments, and the
application of such revenues toward related operating expenses and
debt retirement.
Sewer Fund - established by law to account for revenues derived from
sewer rents, and benefitted assessments, and used for related
operating expenses and debt retirement.
* Capital Projects Fund - used to account for capital improvements
financed from current monies transferred from other funds, Federal
and State grants, and proceeds of obligations.
* Debt Service Fund - used to account for interest earned on
proceeds of borrowings for water and sewer capital projects.
Interest earned is transferred to the debt service fund from the
capital projects fund, and then to the operating funds for payment
of principal and interest.
b. Fiduciary Funds
* Trust and Agency Fund - used to account for funds held in trust
for subsequent distributions, transmittal or release to other
governments, individuals, or to other funds. `
rOWN OF ITHACA PAGE 3
C. Account Groups
* General Fixed Assets - used to account for land, buildings,
improvements other than buildings, and equipment utilized for
general government purposes.
* General Long -Term Debt Group of Accounts - used to account for
all long-term debt including serial bonds, installment payments,
accrued vacation time, and unbilled retirement.
C. BASIS OF ACCOUNTING/MEASUREMENT FOCUS
Modified Accrual Basis - The Town maintained its records on the
double -entry basis of accounting prescribed by the State
Comptroller, as set forth in the Uniform System of Accounts for
Towns. Town funds are accounted for on the modified accrual basis,
which is summarized as follows:
a. Revenues - recognized when received, except real property taxes
which are recognized when earned. Revenues are also accrued at year-
end.
b. Expenditures - recognized when paid, except at year-end when
expenditures are accrued.
C. The encumbrance method of accounting is used in the Townwide,
Parttown, Highway, Water, Sewer, and Capital Projects funds.
d. Accrual of water and sewer rents is done throughout the year.
Expenditures are accrued at year-end.
e. Account Groups - General fixed assets are recorded at actual or
estimated cost or, in the case of gifts and contributions, at the
fair market value at the time received. No provision for
depreciation is made. General long-term debt liabilities are
recorded at the par value of the principal amount, no liability is
recorded for interest payable to maturity. Also included in General
long-term debt is the principal amount of the amortized "catch-up"
retirement payment from fiscal years 1988 and 1989, which is reduced
annually for 1990 and the fourteen succeeding years by the amortized
amount payable on December 15 of that year. The dollar value of
earned unused employee vacation time from the previous year is also
recorded in GLTDAG as a liability.
D. PROPERTY TAXES
Real property taxes are levied as of January 1st, and become a lien on
that date. Property owners can elect to pay their taxes using one of
two options.
OTOWN OF ITHACA
PAGE 4
Taxpayers may elect to pay their bill in town installments equal to
1/2 the total bill, plus a 2.5% 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 2
20, with 1% interest (election to pay in installments ceases January
20). The second installment is due on or before July 1, payable to t
the County Division of Budget & 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% 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 5th the budget officer submits a
tentative budget to the Town Board for the fiscal year commencing
.the following January 1. The tentative budget includes
proposed expenditures and the proposed means of financing for all
funds.
b. After public hearings are conducted to obtain taxpayer
comments, no later than November 20th, the Town Board adopts the
budget.
c. ..All modifications of the budget must be approved by the Town
Board. However, the Town Supervisor is authorized to transfer
certain budgeted amounts within departments.
2. Encumbrances
Encumbrance accounting, under which purchase orders, contracts,
and other commitments for the expenditure of monies are recorded
for budgetary control purposes to reserve that portion of the
applicable appropriations, is employed in all funds. Encumbrances
are reported as reservations of fund balances since they do not
constitute expenditures or liabilities. Expenditures for such
commitments are recorded in the period in which the liability is
incurred.
• 3. Budget Basis of Accounting
The budget is 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.
ISTOWN OF ITHACA PAGE 5
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 costs
(or at estimated historical costs) 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 road, bridges, curbs and gutters,
streets and sidewalks, drainage, water and sewer lines, and lighting
systems have not been capitalized. Such assets normally are
immovable and of value only to the Town. Therefore, the purposes of
stewardship for capital expenditures can be satisfied with recording
these assets.
No depreciation has been provided on general fixed assets nor has
interest on general fixed assets construction in progress been
capitalize.
G. INSURANCE
The Town of Ithaca assumes the liability for most risk including, but
so
not limited to, property damage and personal injury liability.
Judgments and claims are recorded when it is probable that an asset
has been impaired or a liability has been incurred and the amount
of loss can be reasonably estimated.
Unemployment Insurance - as of January 1, 1978, Town employees were
covered by unemployment insurance. The Town has chosen to discharge
its liability to the New York State Unemployment Insurance Fund by
means of the benefit reimbursement method. This is a dollar -for -
dollar reimbursement to the Unemployment Insurance Fund for the
benefits paid to former employees and charged to the Town's account.
The Town .is exempt from federal unemployment insurance tax.
E. VACATION
The Town of Ithaca employees are granted vacation in varying amounts.
In the event of termination an employee is entitled to payment for
accumulated vacation at various rates, subject to certain maximum
limitations.
The value of unused employee vacation balances at year-end has been
recorded in the general long-term debt account group.
Payment of vacation recorded in the general long-term debt account
group is dependent upon many factors, therefore timing of future
• payments is not readily determinable. However, management believes
that sufficient resources will be made available for the payments of
vacation when such payment becomes due.
DOWN OF ITHACA
F. POST-RETIREIENT BENEFITS
PAGE 6
In addition to providing pension benefits, the Town of Ithaca provides
health 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. The Town
recognizes the cost of providing benefits by recording its share of
insurance premiums as an expenditure in the year paid. During 1992
$8,305.96 was paid from the General Townwide Fund on behalf of 3
retirees and $5,545.08 was paid from the Highway Fund on behalf of 5
retirees.
II. DETAIL NOTES ON ALL FUNDS AND ACCOUNT GROUPS
A. ASSETS
1. Cash and Investments
The Town of Ithaca investment policies are governed by State
statutes. In addition, the Town of Ithaca has its own written
investment policy. Town monies must be deposited.in FDIC -insured
commercial banks or trust companies located within the state.
The Town Supervisor is 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 at 105 percent of all deposits not covered by federal
deposit insurance. Obligations -that may be pledged as collateral
are obligations of the United States and its agencies and
obligations of the state and its municipalities and school
districts.
Deposits and investments at year-end were entirely covered by
federal depository insurance or by collateral held by the Town's
custodial bank in the Town's name. They consisted of:
Deposits. All deposits including certificates of deposit are
carried at cost or cost plus accrued interest.
POWN OF ITHACA
PAGE 7
12/31/92
ACCOUNT NAME
ACCT. #
BANK
SECURITY
BALANCE
General Town Wide-ck
01-201-002604
$ 1,399
F
General Outside Village-ck
01-101-056567
14,539
F
Highway- ck
02-201-002604
2,057
F
Water & Sewer-ck
04-201-002604
139,002
F & C
Lighting-ck
05-101-056567
26
F
Fire Protection-ck
02-101-056567
33
F
Capital Projects-ck
10-201-056567
105
F
Trust & Agency-ck
05-201-002604
37,372
F
General -Super 7-sav
12-201-002604
1,166,246
F & C
F = FDIC INSURED
C = COLLATERAL HELD BY TOWN'S CUSTODIAL BANK
Investments. Investments are stated at par value and market value
and are held by the Town's third party custodial bank.
GOVERMENT BONDS
$1,000,000 Federal Home Loan Banks rate 5.485%, maturity
12/04/95, market value 999,375
$1,000,000 US Treasury Notes, rate 7.625%, maturity
05/31/96, market value $1,066,562
$1,000,000 US Treasury Notes, rate 7.625%, maturity
05/15/93, market value $1,015,312
1,1UNICIPAL BONDS
$275,000, Brunswick N.Y. Central School Dist., rate 5.875%,
maturity 06/15/99, market value $292,184
$475,000 Camden N.Y. Central School Dist., rate 5.875%
maturity 06/15/01, market value $500,355-
$300,000
500,355$300,000 Camden N.Y. Central School Dist., 5.875%, maturity
06/15/02, market value 313,374
$200,000 Ithaca Town N.Y. Public Improvement Bond, rate
6.625% maturity 07/15/97, market value 218,736
$200,000 Ithaca Town N.Y. Public Improvement Bond, rate
6.625% maturity 07/15/98 market value 220,326
Repurchase Agreement: With Tompkins County Trust Company,
rate 3.15% for 23 days, $2,000,000 par value in the following
denominations: ' `
$1,000,000 U.S.T. Notes, due 05/15/93, rate 7.625%;
$1,000,000 U.S.T. Notes, due 05/15/93, rate 7.625%;
WTOWN OF ITHACA PAGE 8 -
2. Chancres in General Fixed Assets:
Type
Balance
Additions
Deletions
Balance
12/31/91
12/31/92
K101 Land
32,842
-0-
-0-
32,842
K102 Build
385,254
.4,830
600
389,484
K104 Equip
1,232,023
134,778
81,994
1,284,807
TOTALS
1,650,119
139,608
82,594
1,707,133
B. LIABILITIES
1. Pension Plans
The Town of Ithaca participates in the New York State and
Local Employees' Retirement System. This is a cost sharing multiple
public employer retirement system. Obligations of employees to
contribute and benefits to employees are governed by the New York
State Retirement and Social Security Law (NYSRSSL). The System
offers a wide range of plans and benefits which are related to years
of service, final average salary, vesting of retirement benefits,
death and disability benefits and optional methods of benefit
payments. All benefits generally vest after ten years of credited
service.
The NYSRSSL provides that all participants in the system are jointly
and severally liable for any actuarial unfunded amounts. Such
amounts are collected through annual billings to all participating
employers. Generally, all employees, except certain part-time
employees, participate in the System. The System is noncontributory
except for employees who joined the Employees' Retirement System
after July 27, 1976 who contribute 30 of their salary.
Employee contributions are deducted by employer's from employees'
paychecks and are sent currently to the Employees's Retirement System.
All Town of Ithaca employees are eligible for membership in the System.
All employees employed in a full-time, permanent position who commenced
employment after June 30, 1976 are mandatory members.
Payments due the System through 1988: The System billed all participating
employers by flay 31 each year. Billings were based on salaries paid
during the System's fiscal year which ended on March 31 of the previous
calendar year, and in accordance with funding requirements determined by
the System's actuary. Employers were required to remit payment in full by
June 30.
In 1989 and future years, the System's billings are based on Chapter 62 of
the Laws of 1989 of the State of New York.
0
• TOWN OF ITHACA
PAGE 9
This legislation requires participating employers to begin making payments
on a current basis, while amortizing existing unpaid amounts relating to
the System's fiscal years ending 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. The payment covering
the System's fiscal year ending March 31, 1990 and the first amortization
installment were paid December 15, 1989. December 15th will be the
Payment date for amounts due on each succeeding year's liability and
portion of the amortized amount. Any under or over payment of the
estimate paid for estimate paid for the System's fiscal year ending March
31, 1990 will be included in the succeeding December 15 payment.
The actuarial cost method used by the System to determine the annual
contributions from employees through March 31, 1990 was the aggregate
cost method. Under this method the excess of the actuarial liabilities
over the actuarial assets was funded by employees as a level percentage of
salary over the current members' future working lifetimes.
Effective April 1, 1990, the State legislature amended the Retirement and
Social Security Law by enacting Chapter 210 Laws of 1990 which mandated a
change to a different actuarial funding method for the System. The Systems
changed from the aggregate cost funding method to a modified projected unit
• credit funding method.- This new method utilizes a rolling amortization
period for differences between actuarial assets and actuarial accrue
liabilities, of which approximately 17% of such differences are recognized
each year in determining the funding amount. As a result of the legislated
changes for the year ended March 31, 1991, EARS employer contributions were
generally lower than would have been the case under the aggregate cost
funding method. However, over the long-term, employer contributions are
expected to be higher under the modified projected unit credit funding
method than under the aggregate cost method.
Further, the legislation allows the reduction of non -State annual payments
for prior year employer contributions being amortized over 17 years by any
yearly surplus (estimated funding credits) resulting from the rolling
amortization. At March 31, 1991, the System established a reserve for
funding credits of $190 million reducing employer -contributions
receivable, based upon an actuarially determined estimate of 1992 employer
contributions that are not expected to be received under the modified
projected unit credit funding method.
The prior year contributions consist of non -State employer contributions
receivable for the fiscal years ended March 31, 1989 and 1988 and the State's
contribution receivable for the fiscal years ended March 31, 1986 and 1985.
Pursuant to Chapter 178 of the Laws of 1991 the State Legislature
authorized local governments to make available a retirement
incentive program with an estimated total cost of $47,336.80 for 2
is
Town of Ithaca employees.
The cost of the program will be billed and paid over five years beginning
December 15, 1992 and will include interest at 8.75%. This liability is
accounted for in General Long -Term Debt.
. TOWN OF ITHACA
PAGE 10
The total pension liability for services rendered by covered employees
of the Town of Ithaca during the current fiscal year includes no
employers share and $21,617.37 paid by employees as a current contribution,
representing 0.00% and 2.4120, respectively, of the covered salaries
paid.
The total unpaid liability at the end of the fiscal year was $66,128.00
and is reported in the General Long -Term Debt Account Group.
The Pension Benefit Obligation (PBO) of credited projected benefits is
a standardized disclosure measure of the actuarial present value of
pension benefits, adjusted for the effects of projected salary increases
estimated to be payable in the future as a result of employees service to
date. The retirement system does not make separate measurements for
individual employers.
The PBO of credited projected benefits at March 31, 1991 for the
Employee's Retirement System determined through an actuarial valuation
performed as of that date is $40.08 billion. The net assets available
to pay benefits at that date is $42.91 billion. The Town's employer
contribution requirement was less than 10 of total contributions
required of all employers participating in this system.
• Historical trend information showing the progress in accumulating sufficient
assets to pay benefits when due is presented in the Annual Financial Report
of the System.- Additional detailed information concerning the system may also
be found in the Report.
The Town of Ithaca paid to the New York State Employee's Retirement System
$13,548.00 from General Fund Outside Village and $27,275.00 from Highway Fund
to buy back past service for two employees.
2.Short-Term Debt
Liabilities for bond anticipation notes (BAN'S) are generally accounted
for in the capital projects fund. Principal payments on BAN'S must be
made annually.
State law requires that BAN's issued for capital purposes be converted
to long-term obligations within five years after the original issue
date. However, BAN'S issued for assessable improvement projects may be
renewed for periods equivalent to the maximum life of the permanent
financing, provided that stipulated annual reductions of principal
are made. As of 12/31/92 the Town of Ithaca had no short-term debt.
3.Long-Term Debt
a. On December 31, 1991 the total outstanding indebtedness of the
• Town of Ithaca aggregated $11,271,105.00. Of this amount,
$179,237.00 was subject to the Town's constitutional debt limit
and represented approximately 0.00630 of its debt limit.
OTOVIN OF ITHACA
PAGE 11
b. Serial Bonds - The Town of Ithaca borrows money in order to
acquire land, equipment or construct buildings and improvements. This
enables the cost of these capital assets to be borne by the present and future
taxpayers receiving the benefit of the capital assets. These long-term
liabilities which are full faith and credit debt of the Town are recorded
in the General Long -Term Debt Account Group. The provision to be made
in future budgets for capital indebtedness represents the amount
exclusive of interest, authorized to be collected in future
years form taxpayers and others for liquidation of the long-term
liabilities.
c. Other Long -Term Debt - In addition to the above long-term debt the
Town of Ithaca had the following noncurrent liabilities:
* Due to Employee's Retirement System: Represents the concurrent
.portion of the liability to the state retirement system.
* Installment Purchase Debt: Represents the remaining
installments due on the purchase of equipment.
* Compensated Absences: Represents the value of earned and
unused portion of the liability for compensated absences.
• d. Summary Long -Term Debt
liabilities outstanding
account group:
•
The following is a summary of long-term
at December 31, 1992 by fund type and
General Long -Term
Liability Debt Account Group
Serial Bonds $10,396,191.40
Installment Purchase 21,481.19
Unbilled Retirement 89,099.33
Compensated Absences -72,488.33
TOTAL GLTDAG 10,579,260.25
• TOWN OF ITHACA PAGE 12
Payable from Original Original Interest Date of Outstg
Issue Date Amount Rate (%) Final Balance
Maturitv
WATER FUND
E. State St.
e. The following
is summary of
changes in long-term liabilities
02/01/94
9,000
for the period
ended December
31, 1992:
234,000
6.00%
03/01/03
Balance
Increases Decreases
Balance
05/01/83
.............................................. ............................................... ........... .........
12/31/92
........................ .................................... :....... ......
.__................... .......................... ........................ ........................................................................
12/31/92
._....... ........................................................... ...........
1984
Water & Sewer
05/15/86
550,000
6.80%
05/15/06
Serial Bonds
$11,143,437
51,868 799,114
10,396,191
1,246,000
...... . ..................................................................................................................................._..............................................................................................................................................................................................................................................:....................
Unbilled
03/01/08
1,064,160
1991
Publ Impr-W.
Retirement
95,295
0 6,195
89,100
2,245,000
...................................... ........................... ,....,,............... .... ............. .........,.,........,,....
Installment
............. ........................... _.........
........ _........................................................................ ............. ........................................ ... ........ ._
........,....................,.............,.,................................
Purchases'
30,168
3,257 11,944
21,481
................ ....... ........ ......................................... ..............................
Compensated
............... ................................. _..........................
.._...................... ............................................... _.... .................................................... _........ .... ....
........ ........... ............ ............................................
Absences
............ ........... ................. .............. .................... ............. ...............
35,904
..................................................................... ........
55,132 18,548
.... .W. .................... .......................... .... ......... ........ ........ .................. ............ .......... ..................._
72,488
_....................... ................................... ....... .........
TOTAL LONG
TERM DEBT
$11,304,804110,257
835,801
10,579,260
f. Long -Term Debt
Maturity Schedule
- The following is a statement
of serial bonds
with corresponding
maturity schedules.
Payable from Original Original Interest Date of Outstg
Issue Date Amount Rate (%) Final Balance
Maturitv
WATER FUND
E. State St.
02/01/54
150,000
2.600
02/01/94
9,000
1976
Water Impr.
.09/01/76
234,000
6.00%
03/01/03
75,500
1983
Publ Impr-W
05/01/83
172,172
7.10%
06/01/98
65,780
1984
Water Impr.
05/15/86
550,000
6.80%
05/15/06
400,000
1989
Publ Impr-W.
03/01/89
1,246,000
7.30%
03/01/08
1,064,160
1991
Publ Impr-W.
07/26/91
2,337,000
6.625%
07/26/11
2,245,000
1976
Sewer Impr.
09/01/76
1,733,000
6.00%
03/01/03
414,500
1983
Publ Impr-S.
05/01/83
429,828
7.10%
06/01/98
164,220
Joint Sewer
05/15/86
2,100,000
6.80%
05/15/06
1,565,000
1984
Sewer Impr.
05/15/86
180,000
6.80%
05/15/06
135,000
1989
Publ Impr-S.
03/01/89
1,334,000
7.30%
03/01/08
1,150,840
1991
Publ Impr-S.
07/26/91
2,128,000
6.6250
07/26/11
2,045,000
40OTAL
$ 9,334,000
* Excludes SCLIWC Bond debt outstanding of $958,454 which is paid
from water benefit assessments and water rents which the Town remits
to SCLIWC.
OTOWN OF ITHACA
g. The following table summarizes the Town of Ithaca's future
debt service requirements as of -December 31, 1992.
Serial Bonds
Year ending date:
Principal
Interest
1993
824,114
685,048
1994
839,114
629,717
1995
844,114
563,451
1996
824,114
517,183
1997-2001
2,695,000
1,937,268
2002-2006
2,715,000
1,033,859
2007-2011
1,550,000
270,338
C. INTERFUND RECEIVABLES AND PAYABLES
There were.no interfund receivables or payables at 12/31/92
D. FUND EQUITY
PAGE 13
1. Reserves
The Highway fund equity includes reserve funds established for
highway machinery. The balance at the end of 1992 was $19,628.00
This reserve fund was established by the Board resolution on November
• 9, 1984, and any unexpended appropriation for machinery at year end
is to be transferred to the reserve fund. The reserve fund was
increased by $728.00 interest earned and $.00 unexpended
machinery appropriations for 1992.
2. Sewer Fund Balance
The Sewer Fund balance is largely committed to debt repayment for the
local share of the construction costs of the jointly -owned Ithaca
Area Wastewater Treatment Plant benefit charge stabilization; and
repair, replacement, and maintenance of the sewer system. The Town
Board has requested assistance from the Town's auditors to establish
sewer reserve funds to reflect these commitments.
E. LEASE COMMITMENTS AND LEASED ASSETS
The Town of Ithaca leases computer and fax equipment under
installment purchase lease agreements. Total expenditures on such
leases for the fiscal year ended December 31, 1992, were
approximately $8,253 plus interest. All installment purchase
agreements contain "Non -appropriation" clauses, so there is no future
non' -'-cancelable lease commitment.
III. JOINT VENTURES
.The following are activities undertaken jointly with other
municipalities. These activities are excluded from the financial
Is statements of all participating municipalities. Separate financial
statements are issued for such joint ventures.
0 TOWN OF ITHACA
0
PAGE 14
The Town of Ithaca is a participant in the Southern Cayuga Lake
Intermunicipal Water Commission, along with the Towns of Lansing and
Dryden, and the Villages of Lansing and Cayuga Heights.
The Supervisor of the Tom of Ithaca serves as Treasurer for the Water
Commission; however, the Commission operates as a separate entity and
submits a joint activity annual report under separate cover. The
joint activity serial bonds shown on the Statement of Indebtedness,
p. 112, is the Town of Ithaca's portion of the joint indebtedness of
the Water Commission and is in actuality a contingent liability. The
Water Commission pays the principal and interest payments on these
bonds from water sale revenues and benefit assessment proceeds
received from each participating municipality.
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.
It is expected that 12-1/20 of the cost will be borne by the
participants, the balance being federally and state aided..
Capital cost allocated to the Town of Ithaca will be 41.5740
of the total.