HomeMy WebLinkAbout1995 Annual Report Submitted to the NYS ComptrollerALL NUMBERS IN THIS REPORT
MUST BE ROUNDED TO THE
NEAREST DOLLAR
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ARCHWEcopyFINAL
ANNUAL FINANCIAL REPORT
UPDATE DOCUMENT
FOR THE
TOWN OF ITHACA
COUNTY OF TOMPKINS
FOR THE FISCAL YEAR ENDED 1995
*AUTHORIZATION*
ARTICLE 3, SECTION 30 OF THE GENERAL MUNICIPAL LAW:
1. *** EVERY MUNICIPAL CORPORATION *** SHALL ANNUALLY MAKE A REPORT OF
ITS FINANCIAL CONDITION TO THE COMPTROLLER. SUCH REPORT SHALL BE MADE BY
THE CHIEF FISCAL OFFICER OF SUCH MUNICIPAL CORPORATION ***
5. ALL REPORTS SHALL BE CERTIFIED BY THE OFFICER MAKING THE SAME AND SHALL
BE FILED WITH THE COMPTROLLER WITHIN SIXTY DAYS AFTER THE CLOSE OF THE
FISCAL YEAR OF SUCH MUNICIPAL.CORPORATION *** IT SHALL BE THE DUTY OF THE
INCUMBENT OFFICER AT THE TIME SUCH REPORTS ARE REQUIRED TO BE FILED WITH
THE COMPTROLLER TO FILE SUCH REPORT ***
STATE OF NEW YORK
OFFICE OF THE STATE COMPTROLLER
DIVISION OF MUNICIPAL AFFAIRS
ALBANY, NEW YORK 12236
1
*CERTIFICATION OF FISCAL OFFICER*
I, Catherine Valentino , CERTIFY THAT I AM THE CHIEF FISCAL OFFICER
AND THAT THE INFORMATION INCLUDED HEREIN IS TRUE AND CORRECT TO THE BEST OF
MY KNOWLEDGE AND BELIEF.
SIGNATURE
Supervisor
TITLE
Town of Ithaca
126 E. Seneca St.
OFFICIAL ADDRESS
Ithaca, NY 14850
OFFICIAL ADDRESS
-v''IT 96,
, , DATE
(607 ) 273-1721
OFFICE TELEPHONE NUMBER
*INQUIRY*
IF YOU HAVE ANY QUESTIONS RELATING TO THIS DOCUMENT PLEASE CALL:
FILING REQUIREMENTS (518) 474-4014
ACCOUNTING REQUIREMENTS (518) 474-6023
*PLEASE MAIL COMPLETED DOCUMENT TO:
STATE OF NEW YORK
OFFICE OF THE STATE COMPTROLLER
DIVISION OF MUNICIPAL AFFAIRS
BUREAU OF MUNICIPAL RESEARCH AND STATISTICS
GOV. ALFRED E. SMITH STATE OFFICE BUILDING (10TH FLOOR)
ALBANY, NEW YORK 12236
ATTENTION : JEFFREY MADEJ
2
*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 1994 AND HAS BEEN USED BY THE OSC AS THE BASIS FOR
PREPARING THIS UPDATE DOCUMENT FOR YOUR FISCAL YEAR ENDED 1995:
(A) GENERAL FUND
(B) GENERAL TOWN -OUTSIDE VG
(DB) HIGHWAY -PART -TOWN
(FX) WATER
(G) SEWER
(SF) FIRE PROTECTION
(SL) LIGHTING
(V) DEBT SERVICE
(H) CAPITAL PROJECTS
(TA) AGENCY
(K) GENERAL FIXED ASSETS
(W) GENERAL LONG-TERM DEBT
ALL AMOUNTS INCLUDED IN THIS UPDATE DOCUMENT FOR 1994 REPRESENT THE DATA
FILED BY YOUR GOVERNMENT WITH THE OSC AS REVIEWED AND ADJUSTED WHERE
NECESSARY. IF ANY FUNDS WERE USED IN 1995 THAT WERE NOT USED IN 1994,
PLEASE LIST BELOW. A FORM TO REQUEST ADDITIONAL OR BLANK FUND
STATEMENTS IS INCLUDED IN THIS MAILING.
*** SUPPLEMENTAL SECTION ***
THE SUPPLEMENTAL SECTION INCLUDES THE FOLLOWING SCHEDULES:
1) STATEMENT OF INDEBTEDNESS
2) SCHEDULE FOR REPORTING VARIABLE RATE, DISCOUNTED,
AND/OR NEGOTIATED BONDS AND NOTES
3) SCHEDULE FOR REPORTING ALL INSTALLMENT PURCHASE
CONTRACTS/CERTIFICATES OF PARTICIPATION
4) SCHEDULE OF SECURITIES FOR COLLATERALIZATION
5) SCHEDULE OF TIME DEPOSITS AND INVESTMENTS
6) INVESTMENT CERTIFICATION }
7) BANK RECONCILIATION
8) REAL PROPERTY TAX LEVY AND RELATED INFORMATION
9) LOCAL GOVERNMENT QUESTIONAIRE.
10) NOTICE OF TORT CLAIMS
11) ADDITIONAL INFORMATION SCHEDULE
IF SCHEDULE 1,2, OR 3 IS NOT APPLICABLE, PLEASE INITIAL IN THE
APPROPRIATE COLUMN. ALL OTHER SCHEDULES MUST BE COMPLETED.
NOT
APPLICABLE
ALL NUMBERS IN THIS REPORT MUST BE ROUNDED TO THE NEAREST DOLLAR.
3
*** FINANCIAL SECTION ***
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
BALANCE SHEET
DESCRIPTION
ASSETS
CASH
CASH IN TIME DEPOSITS
PETTY CASH
TOTAL CASH
INVESTMENTS IN REPURCHASE
AGREEMENTS
TOTAL INVESTMENTS
ACCOUNTS RECEIVABLE
ACCRUED INTEREST RECEIVABLE
TOTAL OTHER RECEIVABLES
(NET)
STATE & FEDERAL OTHER
TOTAL STATE AND FEDERAL
AID RECEIVABLES
DUE FROM OTHER GOVERNMENTS
TOTAL DUE FROM OTHER
GOVERNMENTS
INVESTMENTS IN SECURITIES,
SPEC RES
TOTAL RESTRICTED ASSETS
TOTAL ASSETS
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1994 CODE YEAR ENDED 1995
$2,581
A200
275,239
A201
300
A210
A
A
278,120
300,000
A451
A
A
300,000
989
A380
5,832
A381
A
A
6,821
11,037 A410
A
A
11,037
367,107 A440
A
A
367,107
640,144 A452
A
A
640,144
1,603,229
5
$ 2,047
49,153
300
51,500
203,290
203,290
1,264
596
1,860
18,887
18,887
246,516
246,516
0
0
522,053
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
BALANCE SHEET
6
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1994
CODE
YEAR ENDED 1995
LIABILITIES AND FUND EQUITY
ACCOUNTS PAYABLE
$31,319
A600
$ 13,788
A
A
TOTAL ACCOUNTS PAYABLE
31,319
13,788
ACCRUED LIABILITIES
2,143
A601
0
A
A
TOTAL ACCRUED
LIABILITIES
2,143
0
DUE TO OTHER FUNDS
1,171,665
A630
110,000
A
A
TOTAL DUE TO OTHER .
FUNDS
1,171,665
110,000
TOTAL
TOTAL LIABILITIES
1,205, 127
123,788
RESERVE FOR ENCUMBRANCES
52,567
A821
3,204
A
A
TOTAL RESERVE FOR
ENCUMBRANCES
52,567
3,204
UNRESERVED FUND BALANCE
APPROPRIATED
145,000
A910
163,647
A
A
TOTAL UNRESERVED FUND
BALANCE -
APPROPRIATED
145,000
163,647
UNRESERVED FUND BALANCE
UNAPPROPRIATED
200,535
A911
231,414
A
A
6
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
BALANCE SHEET
DESCRIPTION
LIABILITIES AND FUND EQUITY
TOTAL UNRESERVED FUND
BALANCE -
UNAPPROPRIATED
TOTAL
TOTAL FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
FOR THE FISCAL
YEAR ENDED 1994
$200,535
398,102
1,603,229
7
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
S 231,414
522,053
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL REVENUES AND OTHER SOURCES
REAL PROPERTY TAXES
TOTAL REAL PROPERTY
TAXES
OTHER PAYMENTS IN LIEU OF
TAXES
INTEREST & PENALTIES ON REAL.
PROP TAXES
TOTAL REAL PROPERTY TAX
ITEMS
NON PROP TAX DIST BY COUNTY
TOTAL NON PROPERTY TAX
ITEMS
CLERK FEES
PUBLIC POUND CHARGES, DOG
CONTROL FEES
OTHER HOME & COMMUNITY
SERVICES.INCOME
TOTAL DEPARTMENTAL
INCOME
YOUTH RECREATION SERVICES,
OTHER GOVTS
WATER SERVICES, OTHER GOVTS
TOTAL INTERGOVERNMENTAL
CHARGES
INTEREST AND EARNINGS
$826,690 A1001
A
A
8
826,690
20,686 A1081
11,891 A1090
A
A
32,577
352,574 A1120
A
A
352,574
2,507 A1255
1,366 A1550
140 A2189
A
A
4,013
8,557 A2350
23,900 A2378
A
A
32,457
27,508 A2401
5 858.438
858,438
17,467
12,764
30,231
225,000
225,000
2,044
1,051
566
3,661
13,902
23,900
37.802
50,379
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL REVENUES AND OTHER SOURCES
TOTAL USE OF MONEY AND
PROPERTY
DOG LICENSES
TOTAL LICENSES AND
PERMITS
FINES AND FORFEITED BAIL
TOTAL FINES AND
FORFEITURES
SALES OF EQUIPMENT
TOTAL SALE OF PROPERTY
AND COMPENSATION FOR
LOSS
UNCLASSIFIED (SPECIFY)
Insurance Recovery
TOTAL MISCELLANEOUS
LOCAL SOURCES
ST AID, MORTGAGE TAX
ST. AID, RECORDS MGMT.
ST AID, YOUTH PROGRAMS
TOTAL STATE AID
TOTAL
TOTAL REVENUES
A
A
27,508
5,820 A2544
A
A
5,820
39,630 A2610
A
A
39,630
25 A2665
A
A
25
13,455
A2770
A2680
A
,F
13,455
329,565
A3005
3,874
A3060
13,429
A3820
A
A
346,868
1,681,617
9
n
:7
50,379
8,991
8,221
43,564
43,564
379
379
1,612
5,197
6,809
146,310
2,686
6,114
155,110
1,419,594
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
RESULTS.OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
DETAIL REVENUES AND OTHER SOURCES
TOTAL DETAIL REVENUES
AND OTHER SOURCES
1,681,617
10
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
S
1,419,594
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER USES
LEGISLATIVE BOARD, PERS SERV
$33,000
A1010.1
$ 33,900
LEGISLATIVE BOARD, CONTR
EXPEND
1,374
A1010.4
1, 717
A
TOTAL LEGISLATIVE BOARD
34,374
A1010.0
35,617
MUNICIPAL COURT, PERS SERV
42,391
A1110.1
57, 212
MUNICIPAL COURT, EQUIP & CAP
OUTLAY
1,379
A1110 .2
1,413
MUNICIPAL COURT, CONTR EXPEND
2,478
A1110.4
5,767
A
TOTAL MUNICIPAL COURT
46,248
A1110.0
64,397
SUPERVISOR,PERS SERV
16,380
A1220.1
848
'
SUPERVISOR,EQUIP & CAP OUTLAY
1,330
A1220.2
lib
SUPERVISOR,CONTR EXPEND
2,299
A1220.4
1,624
A
TOTAL SUPERVISOR
20,009
A1220.0
18,607
AUDITOR, CONTR EXPEND
5,556
A1320.4
9,549
A
TOTAL AUDITORS
5,556
A1320.0
9,549
TAX COLLECTION,PERS SERV
11,309
A1330.1
12,387
TAX COLLECTION,EQUIP & CAP
OUTLAY
210
A1330.2
0
TAX COLLECTION,CONTR EXPEND
.4,368
A1330.4
2,151
A
TOTAL TAX COLLECTION
15,887
A1330.0
14,538
BUDGET, PERS SERV
62,851
A1340.1
71,342
BUDGET, EQUIP & CAP OUTLAY
1,449
,A1340.2
449
BUDGET, CONTR EXPEND
752
A1340.4
•2,379
A
TOTAL BUDGET
65,052
A1340.0
74,170
CLERK,PERS SERV
54,278
A1410.1
' 4/5
CLERK,EQUIP & CAP OUTLAY
35.8
A1410.2
666
CLERK,CONTR EXPEND
2,441
A1410.4
2,807
A
TOTAL CLERK
57,077
A1410.0
67,948
11
(A) GENERAL FUND
RESULTS OF OPERATIONS
DESCRIPTION
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
FOR THE FISCAL
YEAR ENDED 1994
DETAIL EXPENDITURES AND OTHER USES
LAW, CONTR EXPEND
TOTAL LAW
PERSONNEL, PERS SERV
PERSONNEL,EQUIP & CAP OUTLAY
PERSONNEL, CONTR EXPEND
TOTAL PERSONNEL
ENGINEER, PERS-SERV
ENGINEER, EQUIP & CAP OUTLAY
ENGINEER, CONTR EXPEND
TOTAL ENGINEER
ELECTIONS, PERS SERV
ELECTIONS, EQUIP & CAP OUTLAY
ELECTIONS, CONTR EXPEND
TOTAL ELECTIONS
RECORDS MGMT, PERS. SERV.
RECORDS MGMT, EQUIP & CAP
OUTLAY
RECORDS MGMT, CONTR EXPEND
TOTAL RECORDS MANAGEMENT
BUILDINGS, PERS SERV
BUILDINGS, EQUIP & CAP OUTLAY
BUILDINGS, CONTR EXPEND
TOTAL OPERATION OF PLANT
CENTRAL PRINT & MAIL, PERS
SERV
CENTRAL PRINT & MAIL, EQUIP &
CAP OUTLAY
CENTRAL PRINT & MAIL,CONTR
EXPEND
12
530,194
30,194
32,027
0
2,060
34,087
127,874
19,392
9,294
156,560
6,990
1,524
17,468
25,982
4,507
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
A1420.4
A
A1420.0
A1430.1
A1430.2
A1430.4
A
A1430.0
A1440.1
A1440.2
A1440.4
A
A1440.0
A1450.1
A1450.2
A1450.4
A
A1450.0
A1460.1
28
A1460.2
3,270
A1460.4
A
7,805
A1460.0
11,887
A1620.1
1,859
A1620.2
34,724A1620.4
..A
48,470
A1620.0
118 A1670.1
36,202 A1670.2
41,300 A1670.4
$ 33,927
33,927
51,241
1,155
2,926
55,322
134,003
13.956
10.714
158,673
0
5,345
5,345
0
854
5.346
6,200
13,909
397
58,151
72,457
0
23,453
47,384
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER USES
13
A
5
TOTAL CENTRAL PRINTING AND
MAILING
77,620
A1670.0
70,8.37
UNALLOCATED INSURANCE, CONTR
EXPEND
73,973
A1910.4
60,608
A
TOTAL UNALLOCATED INSURANCE
73,973
A1910.0
60.608
MUNICIPAL ASSN DUES, CONTR
EXPEND
1,025
A1920.4
1,025
A
TOTAL MUNICIPAL ASSN DUES
1,025
A1920.0
A
A
A
A
A
TOTAL GENERAL GOVERNMENT
SUPPORT
699p919
749,220
POLICE, PERS SERV
8,100
A3120.1
8,342
POLICE, CONTR EXPEND
0
A3120.4
0
A
TOTAL POLICE DEPARTMENT
81100
A3120.0
8,342
TRAFFIC CONTROL, CONTR EXPEN
180
A3310.4
216
A
TOTAL TRAFFIC CONTROL
180
A3310.0
216
CONTROL OF ANIMALS, CONTR
EXPEND
15,940
A3510.4
16,418
A
TOTAL CONTROL OF DOGS
15,940
A3510.0
16,418
13
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER USES
PLAYGR & REC CENTERS, CONTR
EXPEND
14
8,285 A7140.4 9,480
A
S
A
A
A
A
TOTAL PUBLIC SAFETY
24,220
24,976
STREET ADMIN, PERS SERV
47,380
A5010.1
55,644
STREET ADMIN, EQUIP & CAP
OUTLAY
1,876
A5010.2
7,099
STREET ADMIN, CONTR EXPEND
2,999
A5010.4
3,142
A
TOTAL HIGHWAY AND STREET
ADMIN
52,255
A5010.0
65,885
GARAGE, EQUIP & CAP OUTLAY
30,797
A5132.2
5.083
GARAGE, CONTR EXPEND
24,533
A5132.4
24,520
A
TOTAL GARAGE
55,330
A5132.0
76,203
STREET LIGHTING, CONTR EXPEND
36,167
A5182.4
36,802
A
TOTAL STREET LIGHTING
36,167
A5182.0
36,802
BUS OPERATIONS, CONTR EXPEND
8,250
A5630.4
8,580
A
TOTAL PUBLIC TRANSPORATION
8,250
A5630.0
8,580
A
A
A
A
A
TOTAL TRANSPORTATION
152,002
187,470
PLAYGR & REC CENTERS, CONTR
EXPEND
14
8,285 A7140.4 9,480
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR.THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER USES
TOTAL PLAYGROUNDS AND
RECREATION CENTERS
JOINT YOUTH PROG, CONTR
EXPEND
TOTAL JOINT YOUTH PROGRAM
HISTORIAN, CONTR EXPEND
TOTAL HISTORIAN
TOTAL CULTURE AND
RECREATION
STATE RETIREMENT SYSTEM
SOCIAL SECURITY, EMPLOYER
CONT
WORKER'S COMPENSATION, EMPL
BNFTS
DISABILITY INSURANCE, EMPL
BNFTS
HOSPITAL & MEDICAL (DENTAL)
INS, EMPL BNFT
TOTAL EMPLOYEE BENEFITS
INSTALL PUR DEBT, PRINCIPAL
TOTAL DEBT PRINCIPAL
INSTALL PUR DEBT, INTEREST
TOTAL DEBT INTEREST
15
A
S
8,285
A7140.0
9,480
169,314
A7320.4
208,826
A
169,314
A7320 . 0
208,826
0
A7510.4
16
A
0
A7510.0
16
A
A
A
A
A
177,599
218,322
7,818
A9010.8
12,870
34,102
A9030.8
38,681
11,578
A9040.8
11,251
1,232
A9055.8
1,970
v!
74,129
A9060.8
64,672
128,859
129,444
9,361
A9785.6
0
9,361
0
503
A9785.7
0
503
0
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER USES
BALANCING CODE
1
A188844 FOR OSC USE ONLY
TOTAL BALANCING CODE
1
A1888.0 FOR.OSC USE ONLY
TOTAL EXPENDITURES
1,192,464
1.309.432
TRANSFERS, OTHER FUNDS
1,151,668
A9901.9 110,000
TOTAL TRANSFERS
1,151,669
110.000
TOTAL OTHER USES
1,151,668
110,000
TOTAL DETAIL EXPENDITURES
AND OTHER USES
2,344,132
1,419,432
to
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY -BEGINNING OF YEAR*
$1,060,617
A8021 $398,102
PRIOR PERIOD ADJ - INCREASE
TO FUND EQUITY
0
A8012
PRIOR PERIOD ADJ --DECREASE
TO FUND -EQUITY
0
A8015
RESTATED FUND EQUITY - BEG.
OF YEAR
1,060,617
A8022
ADD-- REVENUES AND OTHER
SOURCES
1,681,617
1,419,594
DEDUCT - EXPENDITURES AND
OTHER USES
2,344,132
1,419,432
FUND EQUITY -END OF YEAR*
398,102
A8029 398,264
* TOTAL INCLUDES RESERVED AND
UNRESERVED FUND
BALANCE IN
GOVERNMENTAL FUNDS, OR RETAINED
EARNINGS OR
FUND EQUITY FOR
PROPRIETARY FUNDS. ADJUSTMENTS
TO BEGINNING
FUND EQUITY RESULTING
FROM A CORRECTION OF A PRIOR
YEAR'S ACCOUNTING
ERROR SHOULD BE
REPORTED AS A PRIOR PERIOD ADJUSTMENT.
17
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
ESTIMATED REVENUES AND OTHER SOURCES
EST REV - REAL PROPERTY TAXES
EST REV - REAL PROPERTY TAX
ITEMS
EST REV - NON PROPERTY TAX
ITEMS
EST REV - DEPARTMENTAL INCOME
EST REV - INTERGOVERNMENTAL
CHARGES
EST REV - USE OF MONEY AND
PROPERTY
EST REV - LICENSES AND
PERMITS
EST REV - FINES AND
FORFEITURES
EST REV -MISCELLANEOUS LOCAL
SOURCES
EST REV - INTERFUND REVENUES
EST REV - STATE AID
Sale of Equipment
TOTAL ESTIMATED
REVENUES
APPROPRIATED FUND BALANCE
TOTAL ESTIMATED OTHER
SOURCES
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
$826,870
A1049M
S 858,438
34,354
A1099M
32,500
352,575
A1199M
225,000
.4,300
A1299M
4,350
17,775
A2399M
27,735
15,000
A2499M
16,000
5, 750
A2599M
5,850
35,000
A2649M
32,000
11000
A2799M
2,000
0
A2801M
0
229,050
A3099M
192,824
A2665 M
500
A M
1,521,674
1,397,197
344,973
A 599M
199,097
A M
A M
344,973
199,097
1,866,647 1,596,294
18
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
SUMMARY OF FINAL BUDGET AS MODIFIED
DESCRIPTION
APPROPRIATIONS
APP - GENERAL GOVERNMENT
SUPPORT
APP - PUBLIC SAFETY
APP - TRANSPORTATION
APP - CULTURE AND RECREATION
APP -EMPLOYEE BENEFITS
TOTAL ESTIMATED
EXPENDITURES
Interfund Transfer
TOTAL APPROPRIATIONS
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1994 CODE YEAR ENDED 1995
$771,020
A1999M
$ 814,002
25,829
A3999M
26,518
211,193
A5999M
201,258
181,208
A7999M
218,806
677,397
A9199M
157,710
A M
A M
• 1,866,647
1,418,294
A9901 M
178,000
M
1,866,647
1,596,294
19
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(A) GENERAL FUND
SUMMARY OF 'FINAL BUDGET AS MODIFIED
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
OUTSTANDING ENCUMBRANCES
GENERAL GOVT. SUPPORT
ENCUMBR. $5,567
TRANSPORTATION - ENCUMBR. 47,000
TOTAL OUTSTANDING
ENCUMBRANCES 52,567
20
EDP
CODE
A1998M
A5998M
A M
A M
FOR THE FISCAL
YEAR ENDED 1995
S 1,007
2,197
3,204
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(B) GENERAL TOWN -OUTSIDE VG
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)
DUE FROM OTHER FUNDS
TOTAL DUE FROM OTHER
FUNDS
DUE FROM OTHER GOVERNMENTS
TOTAL DUE FROM OTHER
GOVERNMENTS
St/Fed Aid Receivables
TOTAL ASSETS
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1994 CODE YEAR ENDED 1995
21
$6,332 B200
207,427 B201
200 B210
B
B
213,959
100,000 B451
B
B
100,000
629 B380
B
B
629
4,337 B391
B
B
4,337
112,000 B440
B
B
112,000
430,925
B410
$ 12,592
236,648
200
249,440
0
0
0
0
0
0
224,039
224,039
3,700
477,179
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(B) GENERAL TOWN -OUTSIDE VG
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
LIABILITIES AND FUND EQUITY
ACCOUNTS PAYABLE
TOTAL ACCOUNTS PAYABLE
ACCRUED LIABILITIES
TOTAL ACCRUED
LIABILITIES
TOTAL
TOTAL LIABILITIES
RESERVE FOR ENCUMBRANCES
TOTAL RESERVE FOR
ENCUMBRANCES
UNRESERVED FUND BALANCE
APPROPRIATED
TOTAL UNRESERVED FUND
BALANCE -
APPROPRIATED
UNRESERVED FUND BALANCE
UNAPPROPRIATED
TOTAL UNRESERVED FUND
BALANCE -
UNAPPROPRIATED
TOTAL
TOTAL FUND EQUITY
22
$27,906 B600
B
B
27,906
5,147 B601
B
B
5,147
33,053
28,193 B821
B
B
28,193
155,788
B910
B
B
155,788
213,891
B911
B
B
213,891
397,872
$ 18,647
0
0
18,647
7,245
7,245
259,395
259,395
191,893
191,893
458,533
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(B) GENERAL TOWN -OUTSIDE VG
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
LIABILITIES AND FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
23
430,925
477,180
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(B) GENERAL TOWN -OUTSIDE VG
RESULTS OF OPERATIONS.
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
DETAIL REVENUES AND OTHER SOURCES
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
SPECIAL ASSESSMENTS
$1,783
B1030
$ 1,696
B
B
TOTAL REAL PROPERTY
TAXES
1,783
1,696
SALES TAX (FROM COUNTY)
1,290,000
B1120
1,427,963
FRANCHISES
24,670
B1170
24,000
B
B
TOTAL NON PROPERTY TAX
ITEMS
1,314,670
1,451,963
OTHER GENERAL DEPARTMENTAL
INCOME
10,000
B1289
0
ZONING FEES
29,427
B2110
2q_,1 -in
PLANNING BOARD FEES
7,443
B2115
9,434
B
B
TOTAL DEPARTMENTAL
INCOME
46,870
38,564
INTEREST AND EARNINGS
10,988
B2401
16,407
Insurance Recovery
B 2680
1,398
B
TOTAL USE OF MONEY AND
PROPERTY
10,988
17,805
GIFTS AND DONATIONS
1,325
B2705
0
UNCLASSIFIED (SPECIFY)
2,725
B2770
15
Conservation Corps
B2350
3,497
Sale of Equipment
B2665
8,321
TOTAL MISCELLANEOUS
LOCAL SOURCES
4,050
11,833
ST AID, STATE REVENUE SHARING
66,041
B3001
66,041
ST AID, OTHER AID (SPECIFY)
598
B3089
10,321
B
B
TOTAL STATE AID
66,639
76,362
MUI
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(B) GENERAL TOWN -OUTSIDE VG
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
DETAIL REVENUES AND OTHER SOURCES
TOTAL
TOTAL REVENUES
TOTAL DETAIL REVENUES
AND OTHER SOURCES
1,445,000
1,445,000
25
:.F
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
S
159$,79-4
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(B) GENERAL TOWN -OUTSIDE VG
RESULTS OF OPERATIONS
26
FOR
THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR
ENDED 1994
CODE
YEAR ENDED 1995
DETAIL EXPENDITURES
AND OTHER USES
LAW, CONTR EXPEND
$53,956
B1420.4
$ 57,872
B
TOTAL LAW
53,956
B1420.0
57,872
CENTRAL PRINT & MAIL,
CONTR
EXPEND
1,904
B1670.4
4,287
B
TOTAL CENTRAL PRINTING
& MAIL
1,904
B1670.0
4,287
B
B
B
B
B
TOTAL GENERAL GOVERNMENT
SUPPORT
55,860
62,159
TRAFFIC CONTROL, CONTR
EXPEN
15,213
B3310.4
0
B
TOTAL TRAFFIC CONTROL
15,213
B3310.0
0
B
B
B
B
B
TOTAL PUBLIC SAFETY
15,213
E
0
PLAYGR & REC CENTERS,
PERS
88,596
SERV
82,789
B7140.1
PLAYGR & REC CENTERS,
EQUIP &
CAP OUTLAY
4,657
B7140.2
29,019
PLAYGR & REC CENTERS,
CONTR
EXPEND
37,232
B7140.4
30,036
B
TOTAL PLAYGROUNDS AND
RECREATION CENTERS
124,678
B7140.0
147,651
26
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(B) GENERAL TOWN -OUTSIDE VG
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
DETAIL EXPENDITURES AND OTHER USES
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
TOTAL HOME AND COMMUNITY
SERVICES
STATE RETIREMENT, EMPL BNFTS
SOCIAL SECURITY , EMPL BNFTS
WORKER'S COMPENSATION, EMPL
BNFTS
DISABILITY INSURANCE, EMPL
BNFTS
HOSPITAL & MEDICAL (DENTAL)
INS, EMPL BNFT
TOTAL EMPLOYEE BENEFITS
27
124,678
87,049
17,486
3,109
107,644
124,549
4,819
13,229
142,597
250,241
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
B S
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
2,378 B9010.8
21,432 B9030.8
8,780 B9040.8
12,341 B9055.8
49,563 B9060.8
94,494
147,651
98,603
102
3,692
102,397
141,439
15,705
13,960
171,104
273,501
8,885
24,174
5,685
1,084
41,423
81.251
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(B) GENERAL TOWN -OUTSIDE VG
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
DETAIL EXPENDITURES AND OTHER USES
TOTAL EXPENDITURES $540,486
TRANSFERS, OTHER FUNDS 870,085
TOTAL TRANSFERS 870,085
TOTAL OTHER USES 870,085
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
5 564.562
B9901.9 973.000
973,000
973.000
TOTAL DETAIL EXPENDITURES
AND OTHER USES 1,410,571 1,537,562
28
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(B) GENERAL TOWN -OUTSIDE VG
RESULTS OF OPERATIONS
DESCRIPTION
FOR THE FISCAL
YEAR ENDED 1994
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR*
PRIOR PERIOD ADJ - INCREASE
TO FUND EQUITY
PRIOR PERIOD ADJ - DECREASE
TO FUND -EQUITY
RESTATED FUND EQUITY - BEG.
OF YEAR
ADD - REVENUES AND OTHER
SOURCES
DEDUCT - EXPENDITURES AND
OTHER USES
FUND EQUITY - END OF YEAR*
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
$363,443
B8021
0
B8012
0
B8015
363,443 B8022
1,445,000
1,410,571
397,872 B8029
5397,872
G
1,598;223
1.537,562
458,533
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR
PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING
FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE
REPORTED AS A PRIOR PERIOD ADJUSTMENT.
29
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(B) GENERAL TOWN -OUTSIDE VG
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
ESTIMATED REVENUES AND OTHER SOURCES
EST REV - REAL PROPERTY TAXES
$1,437
B1049M
$ 1,696
EST REV - NON PROPERTY TAX
ITEMS
1,323,000
B1199M
1,313,000
EST REV - DEPARTMENTAL INCOME
36,000
B1299M
36,500
EST. REV. - INTERGOVERNMENTAL
CHARGES
4,988
B2399M
3,497
EST REV - USE OF MONEY AND
PROPERTY
10,000
B2499M
10,000
EST REV -MISCELLANEOUS LOCAL
SOURCES
16,808
B2799M
500
EST REV -STATE AID
61,800
B3099M
71..860
B M
B M
TOTAL ESTIMATED
REVENUES
1,454,033
1,437,053
APPROPRIATED FUND BALANCE
58,323
B 599M
B M
B M
TOTAL ESTIMATED OTHER
183,981
SOURCES
58,323
M
M
TOTAL ESTIMATED
REVENUES AND OTHER
1,621,034
SOURCES
1,512,356
30
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(B) GENERAL TOWN -OUTSIDE VG
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
APPROPRIATIONS
APP - GENERAL GOVERNMENT
SUPPORT
555,860
B1999M
S 72,590
APP - PUBLIC SAFETY
15,213
B3999M
0
APP - TRANSPORTATION
4,988
B5999M
5,140
APP - CULTURE AND RECREATION
174,991
B7999M
173,735
APP - HOME AND COMMUNITY
SERVICES
293,360
B8999M
303,400
APP - EMPLOYEE BENEFITS
97,859
B9199M
93,169
B M
B M
TOTAL ESTIMATED
EXPENDITURES
642,271
648,034
APP - INTERFUND TRANSFER
870,085
B9999M
973,000
B M
B M
973,000
TOTAL ESTIMATED OTHER
USES
870,085
973,000
M
M
TOTAL APPROPRIATIONS
1,512,356
1,621,034
31
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(DB) HIGHWAY -PART -TOWN
BALANCE SHEET.
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
ASSETS
CASH
CASH IN TIME DEPOSITS
PETTY CASH
TOTAL CASH
INVESTMENTS IN REPURCHASE
AGREEMENTS
TOTAL INVESTMENTS
ACCOUNTS RECEIVABLE
ACCRUED INTEREST RECEIVABLE
TOTAL OTHER RECEIVABLES
(NET)
STATE & FEDERAL RECEIVABLES
TOTAL STATE AND FEDERAL
AID RECEIVABLES
DUE FROM OTHER FUNDS
TOTAL DUE FROM OTHER
FUNDS
INVESTMENTS IN SECURITIES,
SPEC RES
TOTAL RESTRICTED ASSETS
TOTAL ASSETS
32
52,087
DB 200
157,413
DB 201
200
DB 210
DB
DB
159,700
150,000 DB 451
DB
DB
150,000
0 DB 380
1,071 DB 381
DB
DB
1,071
27,408 DB 410
DB
DB
27,408
578 DB 391
DB
DB
578
55,197 DB 452
DB
DB
55,197
393,954
S 3,353
541,755
200
545,308
0
0
0
191
1.91
0
0
0
0
65.359
65,359
610,858
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(DB).HIGHWAY-PART-TOWN
BALANCE SHEET
DESCRIPTION
LIABILITIES AND FUND EQUITY
ACCOUNTS PAYABLE
TOTAL ACCOUNTS PAYABLE
ACCRUED LIABILITIES
TOTAL ACCRUED
LIABILITIES
TOTAL
TOTAL LIABILITIES
RESERVE FOR HIGHWAY CAPITAL
Reserve for Encumbrance
TOTAL SPECIAL RESERVES
UNRESERVED FUND BALANCE
APPROPRIATED
TOTAL UNRESERVED FUND
BALANCE -
APPROPRIATED
UNRESERVED FUND BALANCE
UNAPPROPRIATED
TOTAL UNRESERVED FUND
BALANCE -
UNAPPROPRIATED
TOTAL
TOTAL FUND EQUITY
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1994 CODE YEAR ENDED 1995
33
$45,203
DB
600
S 16,686
DB
DB
45,203
16,686
4,851
DB
601
0
DB
DB
4,851
0
50,054
16,686
55,325
DB
879
65,550
DB
821
186,984
DB
55,325
252,534
76,355
DB
910
71,140
DB
DB
76,355
}
71,140
212,220
DB
911
270,498
DB
DB
212,220
270,498
343,900
594,172
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(DB) HIGHWAY -PART -TOWN
BALANCE SHEET
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
LIABILITIES AND FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
34
393,954
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
S
610,858
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(DB) HIGHWAY -PART -TOWN
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
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)
Insurance Recovery
Judd Falls Rd. Reconstruction
TOTAL MISCELLANEOUS
LOCAL SOURCES
ST AID, CONSOLIDATED HIGHWAY
AID
ST AID EMERGENCY DISASTER
ASSISTANCE
TOTAL STATE AID
TOTAL
TOTAL REVENUES
INTERFUND TRANSFERS
35
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
$10,350 DB2300
DB
DB
10,350
5;613 DB2401
DB
DB
5,613
8,010 DB2665
DB
DB
8,010
7,629 DB2770
DB2hun
DB 1289
7,629
43,783 DB3501
0 DB3960
DB
DB
43,783
75,385
870,085 DB5031
$ 15, 924
15,524
10,175
10,175
8,564
8,564
960
7,126
60.830
68,916
41,952
41,952
145,131
973.000
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(DB) HIGHWAY -PART -TOWN
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
DETAIL REVENUES AND OTHER SOURCES
TOTAL INTERFUND
TRANSFERS
TOTAL
TOTAL OTHER SOURCES
TOTAL DETAIL REVENUES
AND OTHER SOURCES
36
870,085
870,085
945,470
EDP
CODE
DB
DB
FOR THE FISCAL
YEAR ENDED 1995
.973,000
973,000
1,118,131
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(DB) HIGHWAY -PART -TOWN
RESULTS OF OPERATIONS
37
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1994
CODE
YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER
USES
MAINT OF STREETS, PERS SERV
$114,013
DB5110 . 1
$ 120,939
MAINT OF STREETS, CONTR
EXPEND
84,019
DB5110.4
89,419
DB -
TOTAL MAINTENANCE OF ROADS
198,032
DB5110.0
210,358
IMPROVEMENTS, PERS SERV
41,633
DB5112.1
56,836
PERM IMPROVE HIGHWAY, CONTR
EXPEND
219,247
DB5112.4
259,011
DB
TOTAL IMPROVEMENTS
260,880
DB5112.0
315,847
MACHINERY, PERS SERV
18,697
DB5130.1
24,825
MACHINERY, EQUIP & CAP OUTLAY
110,730
DB5130.2
4,353
MACHINERY, CONTR EXPEND
57,708
DB5130.4
55,153
DB
TOTAL MACHINERY
187,135
DB5130 . 0
84,331
BRUSH AND WEEDS, PERS SERV
21,376
DB5140.1
22.975
BRUSH AND WEEDS, EQUIP & CAP
OUTLAY
2,000
DB5140.2
245
BRUSH AND WEEDS, CONTR EXPEND
1,078
DB5140.4
943
DB
TOTAL MISCELLANEOUS
24,454
DB5140.0
24.163
SNOW REMOVAL, PERS SERV
58,539
DB5142.1
47.719
SNOW REMOVAL, CONTR EXPEND
50,495
DB5142.4
61.763
DB
TOTAL SNOW REMOVAL
109,034
DB5142.0
109.482
DB
DB
DB
DB
DB
TOTAL TRANSPORTATION
779,535
744.181
STATE RETIREMENT, EMPL BNFTS
7,090
DB9010.8
10.350
SOCIAL SECURITY, EMPL BNFTS
19,054
DB9030.8
20.664
37
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(DB) HIGHWAY -PART -TOWN
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
DETAIL EXPENDITURES AND OTHER USES
WORKER'S COMPENSATION, EMPL
BNFTS
DISABILITY INSURANCE, EMPL
BNFTS
HOSPITAL & MEDICAL (DENTAL)
INS, EMPL BNFT
TOTAL EMPLOYEE BENEFITS
TOTAL EXPENDITURES
TOTAL DETAIL EXPENDITURES
AND OTHER USES
38
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
$26,558 DB9040.8 $ 3:9,515
596 DB9055.8 1,000
64,177 DB9060 .8 52,150
117,475 123,679
897,010
897,010
867,860
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(DB) HIGHWAY -PART -TOWN
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR*
PRIOR PERIOD ADJ - INCREASE
TO FUND EQUITY
PRIOR PERIOD ADJ - DECREASE
TO FUND -EQUITY
RESTATED FUND EQUITY - BEG.
OF YEAR
ADD - REVENUES AND OTHER
SOURCES
DEDUCT - EXPENDITURES AND
OTHER USES
FUND EQUITY - END OF YEAR*
$295,440
DB8021
0
DB8012
0
DB8015
295,440
DB8022
945,470
897,010
343,900
DB8029
$343,900
1,118,131
867,860
594,171
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR RETAINED,EARNINGS OR FUND EQUITY FOR
PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING
FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE
REPORTED AS A PRIOR PERIOD ADJUSTMENT.
i
39
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(DB) HIGHWAY -PART -TOWN
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP
DESCRIPTION YEAR ENDED 1994 CODE
ESTIMATED REVENUES AND OTHER SOURCES
EST REV - DEPARTMENTAL INCOME
EST REV - USE OF MONEY AND
PROPERTY
EST REV - SALE OF.PROP AND
COMP FOR LOSS
EST REV - INTERFUND REVENUES
EST REV - STATE AID
Services to other governments
TOTAL ESTIMATED
REVENUES
ESTIMATED - INTERFUND
TRANSFER
APPROPRIATED FUND BALANCE
TOTAL ESTIMATED OTHER
SOURCES
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
FOR THE FISCAL
YEAR ENDED 1995
$9,000
DB1299M
$ 60,830
4,700
DB2499M
3,500
10,000
DB2699M
0
20,000
DB2801M
0
38,000
DB3099M
40,000
DB2300 M
14,324
DB M
81,700
118,654
870,085
DB5031M
973,000
119,150
DB 599M
76,355
DB M
DB M
989,235
1,049,355
M
M
1,070,935
40
1,168,009
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(DB) HIGHWAY -PART -TOWN
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE'FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
APPROPRIATIONS
APP - TRANSPORTATION
APP - EMPLOYEE BENEFITS
TOTAL ESTIMATED
EXPENDITURES
TOTAL APPROPRIATIONS
0926,605 DB5999M
144,330 DB9199M
DB M
DB M
1,070,935
M
M
1,070,935
41
$ 1,031,206
136.803
1,168,009
1,168,009
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(FX) WATER
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1994
CODE
YEAR ENDED 1995
ASSETS
CASH
$130,716
FX
200
5 442,313
CASH IN TIME DEPOSITS
372,294
FX
201
42,780
FX
FX
TOTAL CASH
503,010
485,093
INVESTMENTS IN REPURCHASE
AGREEMENTS
200,000
FX
451
304,936
FX
FX
TOTAL INVESTMENTS
200,000
304,936
WATER RENTS RECEIVABLE
199,394
FX
350
186,383
SPECIAL ASSESSMENTS
RECEIVABLE
21,434
FX
370
30,703
ACCRUED INTEREST RECEIVABLE
1,171
FX
381
894
FX
FX
TOTAL OTHER RECEIVABLES
(NET)
221,999
217,980
TOTAL ASSETS
925,009
1,008,009
42
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(FX) WATER
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1994
CODE
YEAR ENDED 1995
LIABILITIES AND FUND EQUITY
ACCOUNTS PAYABLE
$65,650
FX
600
S 70,854
FX
FX
TOTAL ACCOUNTS PAYABLE
65,650
70,854
ACCRUED LIABILITIES
70
FX
601
0
FX
FX
TOTAL ACCRUED
LIABILITIES
70
0
TOTAL
TOTAL LIABILITIES
65,720
70,854
RESERVE FOR ENCUMBRANCES
1,115
FX
821
151
FX
FX
TOTAL RESERVE FOR
ENCUMBRANCES
11115
151
UNRESERVED FUND BALANCE
APPROPRIATED
146,028
FX
910
203,497
FX
FX
TOTAL UNRESERVED FUND
BALANCE -
APPROPRIATED
146,028
203,497
UNRESERVED FUND BALANCE
UNAPPROPRIATED
712,146
FX
911
733,507
FX
FX
TOTAL UNRESERVED FUND
BALANCE -
UNAPPROPRIATED
712,146
733,507
TOTAL
TOTAL FUND EQUITY
859,289
937,155
43
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(FX) WATER
BALANCE SHEET
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
LIABILITIES AND FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
44
925,009
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
1,008,009
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(FX) WATER
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL REVENUES AND OTHER SOURCES
SPECIAL ASSESSMENTS AD
VALOREM
$600,042
FX1028
$ 611,479
FX
FX
TOTAL REAL PROPERTY
TAXES
600,042
611,479
METERED WATER SALES
1,463,422
FX2140
1,426,720
WATER SERVICE CHARGES
1,698
FX2144
1,922
INTEREST & PENALTIES ON WATER
RENTS
15,294
FX2148
16,654
FX
FX
TOTAL DEPARTMENTAL
INCOME
1,480,414
1..445.296
SERVICE FOR OTHER GOVTS
10,334
FX2378
736
FX
FX
TOTAL INTERGOVERNMENTAL
CHARGES
10,334
736
INTEREST AND EARNINGS
18,857
FX2401
45,421
FX
FX
TOTAL USE OF MONEY AND
PROPERTY
18,857
�E
45,421
INSURANCE RECOVERIES
1,796
FX2680
1,143
FX
FX
TOTAL SALE OF PROPERTY
AND COMPENSATION FOR
LOSS
1,796
1,143
UNCLASSIFIED (SPECIFY)
147
FX2770
4,629
FX
FX
TOTAL MISCELLANEOUS
LOCAL SOURCES
147
4,629
45
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(FX) WATER
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
DETAIL REVENUES AND OTHER SOURCES
TOTAL
TOTAL REVENUES
INTERFUND TRANSFERS
TOTAL INTERFUND
TRANSFERS
TOTAL
TOTAL OTHER SOURCES
TOTAL DETAIL REVENUES
AND OTHER SOURCES
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
2,111,590
483,734 FX5031
FX
FX
483,734
483,734
2,595,324
46
S
2,108,704
4,177
4,177
4,177
2,112,881
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(FX) WATER
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
DETAIL EXPENDITURES AND OTHER USES
WATER TRANS & DISTRIB, PERS
SERV
WATER TRANS & DISTRIB, EQUIP
& CAP OUTLAY
WATER TRANS & DISTRIB, CONTR
EXPEND
TOTAL TRANSMISSION AND
—DISTRIBUTION
COMMON WATER SUPPLY, CONTR
EXPEND
TOTAL COMMON WATER SUPPLY
TOTAL HOME AND COMMUNITY
SERVICES
STATE RETIREMENT, EMPL BNFTS
SOCIAL SECURITY, EMPL BNFTS
WORKERS COMPENSATION, EMPL
BNFTS
DISABILITY INSURANCE, EMPL
BNFTS Group Health Insurance
TOTAL EMPLOYEE BENEFITS
DEBT PRINCIPAL, SERIAL BONDS
TOTAL DEBT PRINCIPAL
DEBT INTEREST, SERIAL BONDS
TOTAL DEBT INTEREST
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
$16,934 FX8340.1
17,140 FX8340.2
180,565 FX8340.4
FX
214,639 FX8340.0
913,922 FX8350.4
FX
913,922 FX8350.0
FX
FX
FX
FX
FX
$ 75,409
9-969
145,36
180,340
984,602
984.602
1,128,561 1,164,942
28
FX9010.8
468
1,187
FX9030.8
1.857
0
FX9040.8
4,912
29
FX9055.8
70
1,244
FX9060.8
519
7,826
468,112
FX9710 .6
467,604
468,112
467,604
301,380
FX9710.7
287,030
301,380
287,030
47
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(FX) WATER
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER USES
BALANCING CODE
TOTAL BALANCING CODE
TOTAL EXPENDITURES
TRANSFERS, OTHER FUNDS
TOTAL TRANSFERS
TOTAL OTHER USES
TOTAL DETAIL EXPENDITURES
AND OTHER USES
1
FX1888.4 FOR OSC
USE ONLY
1
FX1888.0 FOR OSC
USE ONLY
1,899,298
1,927,402
200;000
FX9901.9 107,613
200,001
107,613
200,000
107,613
2,099, 298 2,035,015
48
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(FX) WATER
RESULTS OF OPERATIONS
FO.R THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR*
PRIOR PERIOD ADJ - INCREASE
TO FUND EQUITY
PRIOR PERIOD ADJ - DECREASE
TO FUND -EQUITY
RESTATED FUND EQUITY - BEG.
OF YEAR -
ADD - REVENUES AND OTHER
SOURCES
DEDUCT - EXPENDITURES AND
OTHER USES
FUND EQUITY - END OF YEAR*
$363,263 FX8021
0 FX8012
0 FX8015
363,263 FX8022
2,595,324
2,099,298
859,289 FX8029
$859,289
2.112.881
2.035.015
.937_.155
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR
PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING
FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE
REPORTED AS A PRIOR PERIOD ADJUSTMENT.
49
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(FX) WATER
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP
DESCRIPTION YEAR ENDED 1994 CODE
ESTIMATED REVENUES AND OTHER SOURCES
EST REV - REAL PROPERTY TAX
ITEMS
EST REV - DEPARTMENTAL INCOME
EST REV -INTERGOVERNMENTAL
CHARGES
EST REV - USE OF MONEY AND
PROPERTY
TOTAL ESTIMATED
REVENUES
ESTIMATED - INTERFUND
TRANSFER
APPROPRIATED FUND BALANCE
TOTAL ESTIMATED OTHER
SOURCES
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
$605,680 FX1.099M
1,184,325 FX1299M
5,000 FX2399M
10,000 FX2499M
FX M
FX M
1,805,005
483,734 FX5031M
189,219 FX 599M
FX M
FX M
672,953
M
M
2,477,958
50
FOR THE FISCAL
YEAR ENDED 1995
S 602.400
1,276.504
5.000
11.000
1.894.904
0
195,214
195.214
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(FX) WATER
SUMMARY OF FINAL'BUDGET AS MODIFIED
DESCRIPTION
APPROPRIATIONS
APP -HOME AND COMMUNITY
SERVICES
APP - EMPLOYEE BENEFITS
APP - DEBT SERVICE
TOTAL ESTIMATED
EXPENDITURES
Interfund transfer
TOTAL APPROPRIATIONS
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1994 CODE YEAR ENDED 1995
$1,488,655
FX8999M
2,005
FX9199M
987,298
FX9899M
FX M
FX M
2,477,958
FX 9901 M
M
2,477,958
51
S 1,216,151-
11,718
,216,15111,718
754,636
1,982,505
107,613
2,090,118
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(FX) WATER
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
OUTSTANDING ENCUMBRANCES
HOME & COMM SERV.-EMCUMBR
TOTAL OUTSTANDING
ENCUMBRANCES
52
$1,115 FX8998M
FX M
FX M
1,115
$ 151
151
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(G) SEWER
BALANCE SHEET
DESCRIPTION
ASSETS
CASH
CASH IN TIME DEPOSITS
TOTAL CASH
INVESTMENTS IN REPURCHASE
AGREEMENTS
TOTAL INVESTMENTS
SEWER RENTS RECEIVABLE
SPECIAL ASSESSMENTS
RECEIVABLE
ACCOUNTS RECEIVABLE
ACCRUED INTEREST RECEIVABLE
TOTAL OTHER RECEIVABLES
(NET)
TOTAL ASSETS
FOR THE FISCAL
YEAR ENDED 1994
53
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
$1,353
G200 $ 101.209
497,349
G201 371.498
G
G
498,702
472.707
10,000
G451 101.646
G
G
10,000
101.646 '
37, 323
G360 51.729
13,619
G370 1-1,744
0
G380
63
G381 298
G
G
51,005
65771
559,707
640-124
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(G) SEWER
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1994
CODE
YEAR ENDED 1995
LIABILITIES AND FUND EQUITY
ACCOUNTS PAYABLE
$1,140
G600
5 978
G
G
TOTAL ACCOUNTS PAYABLE
1,140
978
TOTAL
TOTAL LIABILITIES
1,140
978
RESERVE FOR ENCUMBRANCES
20,757
G821
419
G
G
TOTAL RESERVE FOR
ENCUMBRANCES
20,757
419
UNRESERVED FUND BALANCE
APPROPRIATED
74,067
G910
(l
G
G
TOTAL UNRESERVED FUND
BALANCE -
APPROPRIATED
74,067
n
UNRESERVED FUND BALANCE
UNAPPROPRIATED
463,743
G911
638,728
_G
"G
TOTAL UNRESERVED FUND
BALANCE -
UNAPPROPRIATED
463,743
638,728
TOTAL
TOTAL FUND EQUITY
.558,567
639,147
TOTAL LIABILITIES AND
.FUND EQUITY
559,707
640,125
54
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(G) SEWER
RESULTS OF OPERATIONS
FOR THE FISCAL EDP
DESCRIPTION YEAR ENDED 1994 CODE
DETAIL REVENUES AND OTHER SOURCES
SPECIAL ASSESSMENTS 5533,285 G1030
G
G
TOTAL REAL PROPERTY
TAXES
533,285
SEWER RENTS
868,099
SEWER CHARGES
88,482
INTEREST & PENALTIES ON SEWER
ACCTS
7,284
TOTAL DEPARTMENTAL
INCOME
963,865
SEWER SERV OTHER GOVTS
12,262
TOTAL INTERGOVERNMENTAL
CHARGES
12,262
INTEREST AND EARNINGS
17,926
TOTAL USE OF MONEY AND
PROPERTY
17,926
UNCLASSIFIED (SPECIFY)
Insurance recovery
172
TOTAL MISCELLANEOUS
LOCAL SOURCES
172
TOTAL
TOTAL REVENUES
1,527,510
INTERFUND TRANSFERS
63,998
55
G2120
G2122
G2128
G
G
G2374
G
G
G2401
G
G
G2770
G 2680
G
G5031
G
G
FOR THE'FISCAL
YEAR ENDED 1995
0 570.51
570.519
1,198,504
0
7,745
1,206,249
16.555
16,555
30.386
30,386
105
1.143
1.248
1.821��957'
89.659
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(G) SEWER
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL REVENUES AND OTHER SOURCES
TOTAL INTERFUND
TRANSFERS
TOTAL
TOTAL OTHER SOURCES
TOTAL DETAIL REVENUES
AND OTHER SOURCES
$63,998
63,998
1,591,508
56
$ 89,659
89,659
1,914,61:6
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(G) SEWER
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR.THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER USES
SANITARY SEWERS, PERS SERV
$17,421
G8120.1
$ 26,096
SANITARY SEWERS,, EQUIP & CAP
OUTLAY
5,056
G8120.2
29,927
SANITARY'SEWERS, CONTR EXPEND
367,495
G8120.4
475,592
G
TOTAL SANITARY SEWERS
389,972,
G81.20.0
531,615
JOINT SEWER PROJECT, CONTR
EXPEND
536,142
G8150.4
596,415
G
TOTAL JOINT SEWER PROJECT
536,142
G8150.0
596,415
G
G
G
G
G
TOTAL HOME AND COMMUNITY
SERVICES
926,114
1,128,030
STATE RETIREMENT, EMPL BNFTS
28
G9010.8
468
SOCIAL SECURITY , EMPL BNFTS
1,248
G9030.8
1,868
WORKER'S COMPENSATION, EMPL
BNFTS
0
G9040.8
102
DISABILITY INSURANCE, EMPL
BNFTS
29
G9055.8
70
Group Health
Ins. 1,305
G9060.8
519
Total Employee Benefits
1
3,027
DEBT PRINCIPAL, SERIAL BONDS
386,560
G9710.6
392,570
TOTAL DEBT PRINCIPAL
386,560
392,570
DEBT INTEREST, SERIAL BONDS
336,272
G9710.7
310,409
TOTAL DEBT INTEREST
336,272
310,409
TOTAL EXPENDITURES
1,650,251
1,834,036
TOTAL DETAIL EXPENDITURES
AND OTHER USES
1,650,251
1,834,036
57
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(G) SEWER
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR* 0617,310 G8021 $558,567
PRIOR PERIOD ADJ - INCREASE
TO FUND EQUITY 0 G8012
PRIOR PERIOD ADJ - DECREASE
TO FUND -EQUITY 0 G8015
RESTATED FUND EQUITY - BEG.
OF YEAR 617,310 G8022
ADD - REVENUES AND OTHER
SOURCES 1,591,508 1,914,616
DEDUCT - EXPENDITURES AND
OTHER USES 1,650,251 1,834,036
FUND EQUITY - END OF YEAR* 558,567 G8029 639,147
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR
PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING
FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE
REPORTED AS A PRIOR PERIOD ADJUSTMENT.
58
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(G) SEWER
SUMMARY OF FINAL BUDGET AS
MODIFIED
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1994
CODE
YEAR ENDED 1995
ESTIMATED REVENUES AND OTHER
SOURCES
EST REV - REAL PROPERTY TAX
ITEMS-
*535,000
G1099M
0 567,920
EST REV - DEPARTMENTAL INCOME
941,500
C1299M
1,107,967
EST REV -INTERGOVERNMENTAL
CHARGES
3,000
G2399M
3,000
EST REV - USE OF MONEY AND
PROPERTY
30,000
G2499M
12.000
EST REV -MISCELLANEOUS LOCAL
SOURCES
1,000
G2799M
1000
G M
G M
TOTAL ESTIMATED
REVENUES
11510,500
1,691,887
ESTIMATED - INTERFUND
TRANSFER
15,000
G5031M
0
APPROPRIATED FUND BALANCE
334,873
G 599M
235.044
G M
G M
TOTAL ESTIMATED OTHER
SOURCES
349,873
235,044
M
M
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
1,860,373
1J2 931
E
59
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(G) SEWER
SUMMARY OF FINAL BUDGET AS MODIFIED
DESCRIPTION
APPROPRIATIONS
APP - HOME AND COMMUNITY
SERVICES
APP - EMPLOYEE BENEFITS
APP - DEBT SERVICE
TOTAL ESTIMATED
EXPENDITURES
TOTAL APPROPRIATIONS
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1994 CODE YEAR ENDED 1995
$1,135,826
G8999M 01.197.233
1,715
G9199M 11,718
722,832
G9899M 717.979
G M
G M
1,860,373
1.926, 930
M
M
1,860,373
1,926.930
60
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(G) SEWER
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
OUTSTANDING ENCUMBRANCES
HOME & COMM. SERV. - ENCUMBR. $1,140 G8998M $ 419
G M
G M
TOTAL OUTSTANDING
ENCUMBRANCES 1,140 419
61
(SF) FIRE PROTECTION
BALANCE SHEET
DESCRIPTION
ASSETS
CASH
CASH IN TIME DEPOSITS
TOTAL CASH
TOTAL ASSETS
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
FOR THE FISCAL EDP
YEAR ENDED 1994 CODE
62
$33 SF 200
8,754 SF 201
SF
SF
8,787
8,787
FOR THE FISCAL
YEAR ENDED 1995
$ 33
19,715
19,748
19,748
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(SF) FIRE PROTECTION
BALANCE SHEET
DESCRIPTION
LIABILITIES AND FUND EQUITY
UNRESERVED FUND BALANCE
UNAPPROPRIATED
TOTAL UNRESERVED FUND
BALANCE -
UNAPPROPRIATED
TOTAL
TOTAL FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1994 CODE YEAR ENDED 1995
63
$8,787 SF 911
SF
SF
8,787
8,787
8,787
S 19.748
19,748
19,748
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(SF) FIRE PROTECTION
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL REVENUES AND OTHER SOURCES
REAL PROPERTY TAXES $1,255,602 SF1001
SF
TOTAL REAL PROPERTY
TAXES
OTHER PAYMENTS IN LIEU OF
TAXES
TOTAL REAL PROPERTY TAX
ITEMS
SALES TAX (FROM COUNTY)
TOTAL NON PROPERTY TAX
ITEMS
INTEREST AND EARNINGS
TOTAL USE OF MONEY AND
PROPERTY
TOTAL
TOTAL REVENUES
TOTAL DETAIL REVENUES
AND OTHER SOURCES
SF
1,255,602
17,354 SF1081
SF
SF
17,354
93,086 SF1120
SF
SF
93,086
11,840 SF2401
SF
SF
11,840
1,377,882
1,377,882
64
5 1,385,173
1,385,173
11,758__
11,758
100,000
100,000
26,203
26,203
1;523.134
1._523.134
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(SF) FIRE PROTECTION
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER USES
FIRE PROTECTION, CONTR EXPEND 51,383,688 SF3410.4 $1,519,171
SF
TOTAL FIRE PROTECTION 1,383,688 SF3410.0 1.517.171
SF
SF
SF
SF
SF
TOTAL PUBLIC SAFETY 1,383,688 1., 512,173
TOTAL EXPENDITURES 1,383,688 1.5,173
TOTAL DETAIL EXPENDITURES
AND OTHER USES 1,383,688 1 .51 2, 1 73
65
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(SF) FIRE PROTECTION
RESULTS OF OPERATIONS
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR*
PRIOR PERIOD ADJ - INCREASE
TO FUND EQUITY
PRIOR PERIOD ADJ - DECREASE
TO FUND -EQUITY
RESTATED FUND EQUITY - BEG.
OF YEAR
ADD - REVENUES AND OTHER
SOURCES
DEDUCT - EXPENDITURES AND
OTHER USES
FUND EQUITY - END OF YEAR*
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
$14,593 SF8021
0 SF8012
0 SF8015
14,593 SF8022
1,377,882
1,383,688
8,787 SF8029
$8,787
8,797
a
1,523,134
1,512,173
19,748
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR
PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING
FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE
REPORTED'AS A PRIOR PERIOD ADJUSTMENT.
66
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(SF) FIRE PROTECTION
SUMMARY OF FINAL BUDGET AS MODIFIED
DESCRIPTION.
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1994 CODE YEAR ENDED 1995
ESTIMATED REVENUES AND OTHER SOURCES
EST REV - REAL PROPERTY TAXES
EST REV - REAL PROPERTY TAX
ITEMS
EST REV - DEPARTMENTAL INCOME
EST REV - USE OF MONEY AND
PROPERTY
TOTAL ESTIMATED
REVENUES
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
$1,255,602 SF1049M
25,000 SF1099M
93,086 SF1299M
10,000 SF2499M
SF M
SF M
1,383,688
1,383,688
67
M
M
1.512,173
1,512.173
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(SF) FIRE PROTECTION
SUMMARY OF FINAL BUDGET
AS MODIFIED
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1994
CODE
YEAR ENDED 1995
APPROPRIATIONS
APP - PUBLIC SAFETY
$1,383,688
SF3999M
$ 1,512,173
SF M
SF M
TOTAL ESTIMATED
EXPENDITURES
1,383,688
1, 512,173
M
M
TOTAL APPROPRIATIONS
1,383,688
1,512,173
W3
(SL) LIGHTING
BALANCE SHEET
DESCRIPTION
ASSETS
CASH
CASH IN'TIME DEPOSITS
TOTAL CASH
TOTAL ASSETS
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
FOR THE FISCAL EDP
YEAR ENDED 1994 CODE
69
441 SL 200
5,732 SL 201
SL
SL
5,773
5,773
FOR THE FISCAL
YEAR ENDED 1995
S 41
6,862
6,903
6,903
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(SL) LIGHTING
BALANCE SHEET
DESCRIPTION
LIABILITIES AND FUND EQUITY
Accounts payable
UNRESERVED FUND BALANCE
APPROPRIATED
TOTAL UNRESERVED FUND
BALANCE -
APPROPRIATED
UNRESERVED FUND BALANCE
UNAPPROPRIATED
TOTAL UNRESERVED FUND
BALANCE -
UNAPPROPRIATED
TOTAL
TOTAL FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
m
FOR
THE FISCAL
EDP
FOR
THE FISCAL
YEAR
ENDED 1994
CODE
YEAR
ENDED 1995
70
SL600 596
$0 SL 910 S 2,005
SL
SL
0 2,005
5,773 SL 911 4,302
SL
SL
5,773 4,302
5;773
5,773
71
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR
THE FISCAL YEAR ENDED 1995
(SL) LIGHTING
RESULTS OF OPERATIONS
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1994
CODE
YEAR ENDED 1995
DETAIL REVENUES AND OTHER
SOURCES
REAL PROPERTY TAXES
$16,200
SL1001
$ 12,479
SL
SL
TOTAL REAL PROPERTY
TAXES
16,200
12,479
INTEREST AND EARNINGS
442
SL2401
862
SL
SL
TOTAL USE OF MONEY AND
PROPERTY
442
862
Miscellaneous
SL 2770
1,819
TOTAL
TOTAL REVENUES
16,642
15.160
TOTAL DETAIL.REVENUES
AND OTHER SOURCES
16,642
i5ihn
71
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(SL) LIGHTING
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
.DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER USES
STREET LIGHTING, CONTR EXPEND
$13,265
SL5182.4
$14,626
SL
TOTAL STREET LIGHTING
13,265
SL5182.0
14,626
SL
SL
SL
SL
SL
TOTAL TRANSPORTATION
13,265
14,626
TOTAL EXPENDITURES
13,265
14,626
TOTAL DETAIL EXPENDITURES
AND OTHER USES
72
13,265
14,626
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(SL) LIGHTING
RESULTS OF OPERATIONS
FOR THE FISCAL EDP
DESCRIPTION YEAR ENDED 1994 CODE
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR*
PRIOR PERIOD ADJ - INCREASE
TO FUND EQUITY
PRIOR PERIOD ADJ - DECREASE
TO FUND -EQUITY
RESTATED FUND EQUITY - BEG.
OF YEAR
ADD - REVENUES AND OTHER
SOURCES
DEDUCT - EXPENDITURES AND
OTHER USES
FUND EQUITY - END OF YEAR*
$2,396
SL8021
0
SL8012
0
SL8015
2,396 SL8022
16,642
13,265
5,773 SL8029
FOR THE FISCAL
YEAR ENDED 1995
$5,773
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR
PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING
FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE
REPORTED AS A PRIOR PERIOD ADJUSTMENT.
73
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(SL) LIGHTING
SUMMARY OF FINAL BUDGET AS MODIFIED
DESCRIPTION
FOR THE FISCAL EDP
YEAR ENDED 1994 CODE
ESTIMATED REVENUES AND OTHER SOURCES
EST REV - REAL PROPERTY TAXES
EST REV - USE OF MONEY AND
PROPERTY
TOTAL ESTIMATED
REVENUES
Appropriated Fund Balance
TOTAL ESTIMATED
REVENUES AND OTHER
SOURCES
74
$14,219 SL1049M
265 SL2499M
SL M
SL M
14,484
14,484
SL 599 M
M
FOR THE FISCAL
YEAR ENDED 1995
$ 12,560
955
13.515
1,580
15,095
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(SL) LIGHTING
SUMMARY OF FINAL BUDGET AS MODIFIED
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
APPROPRIATIONS
APP - TRANSPORTATION
TOTAL ESTIMATED
EXPENDITURES
TOTAL APPROPRIATIONS
75
$14,484 SL5999M
SL M
SL M
14,484
14,484
M
M
(V) DEBT SERVICE
BALANCE SHEET
DESCRIPTION
ASSETS
CASH IN TIME DEPOSITS
TOTAL CASH
DUE FROM OTHER FUNDS
TOTAL DUE FROM OTHER
FUNDS
TOTAL ASSETS
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1994 CODE YEAR ENDED 1995
$424 V201 $ 4,879
V
V
76
424
1,432 V391
V
V
1,432
1,856
4,879
0
0
4,879
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(V) DEBT SERVICE
BALANCE SHEET
DESCRIPTION
LIABILITIES AND FUND EQUITY
FUND BALANCE -RESERVED FOR
BONDED DEBT
TOTAL SPECIAL RESERVES
TOTAL
TOTAL FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
FOR THE FISCAL
YEAR ENDED 1994
77
EDP FOR THE FISCAL
CODE YEAR ENDED 1995
$1,856 V884
V
V
1,856
1,856
1,856
4 4.879
4.879
4,879
4.879
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(V) DEBT SERVICE
RESULTS OF OPERATIONS
78
FOR THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION
YEAR ENDED 1994
CODE
YEAR ENDED 1995
DETAIL REVENUES AND OTHER
SOURCES
INTEREST AND EARNINGS
$17,817
V2401
$ 3,023
V
V
TOTAL USE OF MONEY AND
PROPERTY
17,817
3,023
TOTAL
TOTAL REVENUES
17,817
3,023
INTERFUND TRANSFERS
377,606
V5031
0
V
V
TOTAL INTERFUND
TRANSFERS
377,606
0
TOTAL
TOTAL OTHER SOURCES
377,606
0
TOTAL DETAIL REVENUES
AND OTHER SOURCES
395,423
3,023
F
78
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(V) DEBT SERVICE
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER USES
TRANSFERS, OTHER FUNDS
TOTAL TRANSFERS
TOTAL OTHER USES
TOTAL DETAIL EXPENDITURES
AND OTHER USES
$547,732
547,732
547,732
79
547,732
V9901.9 $ 0
0
S
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(V) DEBT SERVICE
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY- BEGINNING OF
YEAR*
$154,165
V8021 $1,856
PRIOR PERIOD ADJ - INCREASE
TO FUND EQUITY
0
V8012
PRIOR PERIOD ADJ - DECREASE
TO FUND -EQUITY
0
V8015
RESTATED FUND EQUITY - BEG.
OF YEAR
154,165
V8022 1-856
ADD - REVENUES AND OTHER
SOURCES
395,423
3-023
DEDUCT - EXPENDITURES AND
OTHER USES
547,732
0
FUND EQUITY - END OF YEAR*
1,856
V8029 4,879
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND EQUITY FOR
PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING
FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE
REPORTED AS A PRIOR PERIOD ADJUSTMENT.
80
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(H) CAPITAL PROJECTS
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
ASSETS
CASH $202 H2O0
CASH IN TIME DEPOSITS 131,931 H2O1
Cash Special Reserve H 230
H
TOTAL CASH
INVESTMENTS IN REPURCHASE
AGREEMENTS
TOTAL INVESTMENTS
ACCOUNTS RECEIVABLE
TOTAL OTHER RECEIVABLES
(NET)
DUE.FROM OTHER FUNDS
TOTAL DUE FROM OTHER
FUNDS
TOTAL ASSETS
132,133
0 H451
H
H
0
0 H380
H
H
0
1,171,665 H391
H
H
1,171,665
1,303,798
81
$ _ 1,993
557.757
559,750
700,000
700..000
2-417
2.417
100,000
100,000
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(H) CAPITAL PROJECTS
BALANCE SHEET
FOR THE FISCAL
EDP
FOR THE
FISCAL
DESCRIPTION
YEAR ENDED 1994
CODE
YEAR ENDED
1995
LIABILITIES AND FUND EQUITY
ACCOUNTS PAYABLE
$164,185
H600
$ 1,635
H
H
TOTAL ACCOUNTS PAYABLE
164,185
RETAINED PERCENTAGES, CONT
PAY
14,589
H605
1,635
BAN Payable
H 626
219,000
H
TOTAL RETAINED
PERCENTAGES
14,589
0
DUE TO OTHER FUNDS
1,432
H630
0
H
H
TOTAL DUE TO OTHER
FUNDS
1,432
0
TOTAL
TOTAL LIABILITIES
180,206
216,635
RESERVE FOR ENCUMBRANCES
58,373
H821
0
H
H
TOTAL RESERVE FOR
ENCUMBRANCES
58,373
0
CAPITAL RESERVE
799,094
H878
1,312.105
H
H
TOTAL SPECIAL RESERVES
799,094
UNRESERVED FUND BALANCE
UNAPPROPRIATED
266,125
H911
_(166.573)
H
H
TOTAL UNRESERVED FUND
BALANCE -
UNAPPROPRIATED
266,125
(166,573)
82
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(H) CAPITAL PROJECTS
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
LIABILITIES AND FUND EQUITY
TOTAL
TOTAL FUND EQUITY
TOTAL LIABILITIES AND
FUND EQUITY
1,123,592
1,303,798
83
S
1,145.,532
1,362,167
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(H) CAPITAL PROJECTS
RESULTS OF OPERATIONS
FOR
THE FISCAL
EDP
FOR THE FISCAL
DESCRIPTION YEAR
ENDED 1994
CODE
YEAR ENDED 1995
DETAIL REVENUES AND OTHER SOURCES
INTEREST AND EARNINGS
519,997
H2401
S 40.440
H
H
TOTAL USE OF MONEY AND
PROPERTY
19,997
40.440
BALANCING CODE
1
H4888
FOR OSC USE ONLY
H
H
TOTAL REVENUES
19,998
40,440
INTERFUND TRANSFERS
1,351,668
H5031
207.013
H
H
TOTAL INTERFUND
TRANSFERS
1,351,669
. 207,613
SERIAL BONDS
0
H5710
n
H
H
0
TOTAL PROCEEDS OF
OBLIGATIONS
0
TOTAL
TOTAL OTHER SOURCES
1,351,668
gn7,611 _
TOTAL DETAIL REVENUES
AND OTHER SOURCES
1,371;666
248.053
84
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(H) CAPITAL PROJECTS
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
DETAIL EXPENDITURES AND OTHER USES
SEWER, EQUIP & CAP OUTLAY
$128,699
H8197.2
$ 69,021
WATER CAPITAL PROJECTS, EQUIP
8 CAP OUTLAY
168,931
H8397.2
63,256
H
H
H
H
H
TOTAL HOME AND COMMUNITY
SERVICES
297,630
132,277
TOTAL EXPENDITURES
297,630
132,277
TRANSFERS, OTHER FUNDS
377,606
H9901.9
93,836
TOTAL TRANSFERS
377,606
93,836
TOTAL OTHER USES
377,606
93,836
TOTAL DETAIL EXPENDITURES
AND OTHER USES
675,236
226,113
85
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(H) CAPITAL PROJECTS
RESULTS OF OPERATIONS
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
ANALYSIS OF CHANGES IN FUND EQUITY
FUND EQUITY - BEGINNING OF
YEAR*
$427,162
H8021
$1,123,592
PRIOR PERIOD ADJ - INCREASE
TO FUND EQUITY
0
H8012
PRIOR PERIOD ADJ - DECREASE
TO FUND -EQUITY
0
H8015
RESTATED FUND EQUITY - BEG.
OF YEAR
427,162
H8022
1,123,592
ADD - REVENUES AND OTHER
SOURCES
1,371,666
DEDUCT - EXPENDITURES AND
OTHER USES
675,236
226,113
FUND EQUITY - END OF YEAR*
1,123,592
H8029
i,IA5,5-2
* TOTAL INCLUDES RESERVED AND UNRESERVED FUND BALANCE IN
GOVERNMENTAL FUNDS, OR RETAINED EARNINGS OR FUND.EQUITY FOR
PROPRIETARY FUNDS. ADJUSTMENTS TO BEGINNING FUND EQUITY RESULTING
FROM A CORRECTION OF A PRIOR YEAR'S ACCOUNTING ERROR SHOULD BE
REPORTED AS A PRIOR PERIOD ADJUSTMENT.
86
(TA) AGENCY
BALANCE SHEET
DESCRIPTION
ASSETS
.TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
FOR THE FISCAL EDP
YEAR ENDED 1994 CODE
FOR THE FISCAL
YEAR ENDED 1995
CASH 515,208 TA 200 $ 19,1018
TA
TA
TOTAL CASH 15,208
CASH, SPECIAL RESERVES 3,629 TA 230 �SQ�
TA
TA
TOTAL RESTRICTED ASSETS 3,629 2,584
Account Receivable TA381 722
Defarrpd Compensation Plan Ac et TA/� 18,297
TOTAL ASSETS 18,837 40,641
87
(TA) AGENCY
BALANCE SHEET
DESCRIPTION
LIABILITIES
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
FOR THE FISCAL EDP
YEAR ENDED 1994 CODE
DUE TO OTHER FUNDS
$4,915
TA
630
TA
TA
TOTAL DUE TO OTHER
FUNDS
4,915
CONSOLIDATED PAYROLL
0
TA
10
STATE RETIREMENT
0
TA
18
DISABILITY INSURANCE
494
TA
19
GROUP INSURANCE
-193
TA
20
NYS INCOME TAX
3
TA
21
SOCIAL SECURITY TAX
-36
TA
26
GUARANTY & BID DEPOSITS
1,890
TA
30
OTHER FUNDS (SPECIFY)
11,764
TA
85
Deferred Compensation
TA 17
TA
TOTAL AGENCY
LIABILITIES
13,922
TOTAL
TOTAL LIABILITIES
18,837
88
FOR THE FISCAL
YEAR ENDED 1995
5
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(K) GENERAL FIXED ASSETS
BALANCE SHEET
DESCRIPTION
ASSETS
LAND
BUILDINGS
MACHINERY & EQUIPMENT
TOTAL ASSETS
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1994 CODE YEAR ENDED 1995
$118,642 K101 $ 118,849
410,674 K102 -410,674
1,662,183 K104 1,675,942
K
K _
2,191,499 2,205,465
89
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(K) GENERAL FIXED ASSETS
BALANCE SHEET
FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994
INVESTMENT IN GENERAL FIXED ASSETS
INVEST GENERAL FXD
ASSETS -CURRENT APP 51,627,569
INVEST GENERAL FXD
ASSETS -GIFTS 44,500
INVEST GENERAL FXD
ASSETS-FEDERAL'AID 519,430
TOTAL INVESTMENT IN
GENERAL FIXED ASSETS 2,191,499
90
EDP
CODE
K152
K153
K157
K
K
FOR THE FISCAL
YEAR ENDED 1995
$ 1,6141 ,515
44,500
519,430
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(W) GENERAL LONG-TERM DEBT
BALANCE SHEET
DESCRIPTION
ASSETS
AMT AVAILABLE IN DEBT SERVICE
FUND
AMTS TO BE PROV FOR LONG-TERM
TOTAL'ASSETS
FOR THE FISCAL EDP FOR THE FISCAL
YEAR ENDED 1994 CODE YEAR ENDED 1995
00 W120 $ 4,879
8,879,819 W125 .7,988,651
W
W
8,879,819 7,993,530
91
TOWN OF ITHACA
ANNUAL UPDATE DOCUMENT
FOR THE FISCAL YEAR ENDED 1995
(W) GENERAL LONG-TERM DEBT
BALANCE SHEET
FOR THE FISCAL EDP FOR THE FISCAL
DESCRIPTION YEAR ENDED 1994 CODE YEAR ENDED 1995
LIABILITIES
INSTALLMENT PURCHASE DEBT
$1,877
W685.
$ 0
COMPENSATED ABSENCES
58,455
W687
45,813
W
W
TOTAL OTHER LIABILITIES
60,332
45,813
DUE TO EMPLOYEES' RETIREMENT
SYSTEM
65,769
W637
54.181
W
W
TOTAL DUE TO OTHER
GOVERNMENTS
65,769
54.181
BONDS PAYABLE
8,753,718
W628
7,893,536
W
W
TOTAL BOND AND LONG
TERM LIABILITIES
8,753,718
7,893,536
TOTAL
TOTAL LIABILITIES
8,879,819
7.993,530
92
*** SUPPLEMENTAL SECTION ***
93
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
TAX ANTICIPATION.NOTES
I
(LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
I
ITAX ANTICIPATION NOTE NO. 1
(MONTH AND YEAR OF ISSUE
[CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
2P18611
S
IISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
2P18613
S
IPAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
2P18615
S
(OUTSTANDING END -OF FISCAL YEAR
2P18617
S
(FINAL MATURITY DATE
I
ITAX ANTICIPATION NOTE NO. 2
IMONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
2P18611
S
(ISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
2P18613
S
IPAID DURING FISCAL YEAR
[ (DO NOT INCLUDE RENEWALS HERE)
2P18615
S
(OUTSTANDING END OF FISCAL YEAR
2P18617
S
(FINAL MATURITY DATE
I
ITAX ANTICIPATION NOTE NO. 3
1
IMONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR 2P18611 S
(ISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE) 2P18613 S
IPAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE) 2P118615 S
(OUTSTANDING END OF FISCAL YEAR 2P18617 S
[FINAL MATURITY DATE
TOTAL TAX ANTICIPATION NOTES
OUTSTANDING BEGINNING OF YEAR
ISSUED DURING FISCAL YEAR
PAID DURING FISCAL YEAR
OUTSTANDING END OF FISCAL YEAR
94
AMOUNT
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
REVENUE ANTICIPATION NOTES
I I
ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT. I
I
IREVENUE ANTICIPATION NOTE NO. 1 I
I I
(MONTH AND YEAR OF ISSUE
2P18627
I
(CURRENT INTEREST RATE
I
IOUTSTANDING BEGINNING OF YEAR
2P18621
S I
IISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18623
$ I
(PAID DURING FISCAL YEAR
2P18621
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18625
S I
(OUTSTANDING END OF FISCAL YEAR
2P18627
S I
IFI.NAL MATURITY DATE
I
7.I
I
I
IREVENUE ANTICIPATION NOTE NO. 2
I
2PV8625
I
I
IMONTH AND YEAR OF ISSUE
2P18627
I
(CURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P18621
S I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18623
S I
IPAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18625
S I
(OUTSTANDING END OF FISCAL YEAR
2P18627
S I
IFINAL MATURITY DATE
I
IREVENUE ANTICIPATION NOTE NO. 3
I
I
I
(MONTH AND YEAR OF ISSUE
I
(CURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P18621
S I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18623
S I
(PAID DURING FISCAL YEAR
7.I
I (DO NOT INCLUDE RENEWALS HERE)
2PV8625
S I
IOUTSTANDING'END OF FISCAL YEAR
2P18627
S I
IFINAL MATURITY DATE
I
I
I
TOTAL REVENUE ANTICIPATION NOTES
AMOUNT
OUTSTANDING BEGINNING OF YEAR
$
ISSUED DURING FISCAL YEAR
$
PAID DURING FISCAL YEAR
$
OUTSTANDING END OF FISCAL YEAR
$
95
STATEMENT•OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BUDGET NOTES
I'
(LIST SEPARATELY BY DATE OF.ISSUE EDPCODE AMOUNT
(BUDGET NOTE NO. 1
(MONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P18631
S I
IISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18633
S I
IPAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18635
S I
(OUTSTANDING END OF FISCAL YEAR
2P18637
$ I
(FINAL MATURITY DATE
I
I
I
IBUDGET NOTE NO. 2
I
I
I
IMONTH AND YEAR OF ISSUE
I
(CURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P18631
S I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18633
S I
(PAID DURING FISCAL YEAR
i
I (DO NOT INCLUDE RENEWALS HERE)
2P18635
S I
OUTSTANDING END OF FISCAL YEAR 2P18637 S I
FINAL MATURITY DATE I
BUDGET NOTE NO. 3 I
IMONTH AND YEAR OF ISSUE
I
[CURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P18631
$ I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P_18633
S I
(PAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18635
S I
(OUTSTANDING END OF FISCAL YEAR
2P18637
$ I
IFINAL MATURITY DATE
I
I
I
TOTAL BUDGET NOTES
AMOUNT
OUTSTANDING BEGINNING OF YEAR
S
ISSUED DURING FISCAL YEAR
S
PAID DURING FISCAL YEAR
S
OUTSTANDING END OF FISCAL YEAR
S
96
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
CAPITAL NOTES
ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
I
ICAPITAL NOTE NO. 1
(MONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
$ I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
$ I
IPAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
$ I
(OUTSTANDING END OF FISCAL YEAR
2P4 57 5 I
IFINAL MATURITY DATE
I
i
ICAPITAL NOTE NO. 2
i
I
I
IMONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
$ I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
$ I
[PAID DURING FISCAL YEAR
I
I (DO.NOT INCLUDE RENEWALS HERE)
$ I
(OUTSTANDING END OF FISCAL YEAR
2P4 57 S I
IFINAL MATURITY DATE
I
I
I
ICAPITAL NOTE NO. 3
I
IMONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
$ I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
$ I
IPAID DURING FISCAL YEAR
I
[ (DO NOT INCLUDE RENEWALS HERE)
$ I
IOUTSTANDING-END OF FISCAL YEAR
2P4 57
$ I
IFINAL MATURITY DATE
I
I
TOTAL CAPITAL NOTES
AMOUNT
OUTSTANDING BEGINNING OF YEAR
2P18651
ISSUED DURING FISCAL YEAR
2P18653
PAID DURING FISCAL YEAR
2P18655
OUTSTANDING END OF FISCAL YEAR
2P18657
97
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BOND ANTICIPATION NOTES
LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT I
BOND ANTICIPATION NOTE NO. 1 I
West Haven Sewer 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)
(OUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
2P4 67
02/95
5.25
$ 0 I
I
S 215.000
I
s 0 I
g 215,000
02/96 [
I
IBOND ANTICIPATION NOTE NO. 2 I
I I
IMONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
S I
IISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
S I
(PAID DURING FISCAL YEAR
I
[ (DO NOT INCLUDE RENEWALS HERE)
$ I
[OUTSTANDING END OF FISCAL YEAR
2P4 67 S I
[FINAL MATURITY DATE
I
(BOND ANTICIPATION. NOTE NO. 3
I
[
I
(MONTH AND YEAR OF ISSUE
I
(CURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
$ I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
$ I
(PAID DURING FISCAL YEAR
! I
I (DO NOT INCLUDE RENEWALS HERE)
$ I
(OUTSTANDING END OF FISCAL YEAR
2P4 67 $ I
(FINAL MATURITY DATE
I
I
I
98
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BOND ANTICIPATION NOTES
LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT I
BOND ANTICIPATION NOTE NO. 4
MONTH AND YEAR OF ISSUE
CURRENT INTEREST RATE
OUTSTANDING BEGINNING OF YEAR
ISSUED DURING FISCAL YEAR
(DO NOT INCLUDE RENEWALS HERE)
PAID DURING FISCAL YEAR
(DO NOT INCLUDE RENEWALS HERE)
OUTSTANDING END OF FISCAL YEAR 2P4 67
FINAL MATURITY DATE
BOND ANTICIPATION NOTE NO. 5 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
BOND ANTICIPATION NOTE NO. 6
(MONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
(ISSUED DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
IPAID DURING FISCAL YEAR
I (DO NOT INCLUDE RENEWALS HERE)
(OUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
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
99
2P4 67 $ I
I
2P4 67
$ I
I
I
AMOUNT
2P18661
$
2P18663
S
2P18665
$
2P18667
S
2P18885 $
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BONDS
ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
BOND N0. 1 1976 Water and Sewer Improvements
2P18677
$1,650,000 1
IFINAL MATURITY DATE
IMONTH AND YEAR OF ISSUE
05/06 I
09/76 I
(CURRENT INTEREST RATE
6.00 I
(OUTSTANDING BEGINNING OF YEAR
2P18671
$
310,000 I
(ISSUED DURING FISCAL YEAR
2P18673
$
0 I
I PAID DURING FISCAL YEAR
2P18675
$
90.000 I
(OUTSTANDING END OF FISCAL YEAR
2P18677
$
220.000 I
IFINAL MATURITY DATE
2P18675
$
03/03 I
I
BOND N0. 2 1986 Public Improvements
(OUTSTANDING END OF FISCAL YEAR
2PJ8677
$
I MONTH AND YEAR OF ISSUE
IFINAL MATURITY DATE
E
05/86 1
ICURRENT INTEREST RATE
[
I
I BOND N0. 4
I 1989 Public Improvement
6.80 I
(OUTSTANDING BEGINNING OF YEAR
2P18671
$1,800,000
I
IISSUED DURING FISCAL YEAR
2P18673
$
0 I
(PAID DURING FISCAL YEAR
2P18675
$
150.000 I
(OUTSTANDING END OF FISCAL YEAR
2P18677
$1,650,000 1
IFINAL MATURITY DATE
05/06 I
I
I
BOND NO. 3 1983 Public Improvement
I MONTH AND YEAR OF ISSUE
05/83 I
ICURRENT INTEREST RATE
7.10 I
(OUTSTANDING BEGINNING OF YEAR
2P18671
$
150.000 I
[ISSUED DURING FISCAL YEAR
2P18673
$
0 i
IPAID DURING FISCAL YEAR
2P18675
$
40.000 I
(OUTSTANDING END OF FISCAL YEAR
2PJ8677
$
110,000 [
IFINAL MATURITY DATE
E
06/98 [
[
I
I BOND N0. 4
I 1989 Public Improvement
[
i
I MONTH AND YEAR OF ISSUE
03/89 I
ICURRENT INTEREST RATE
7.30 I
(OUTSTANDING BEGINNING OF YEAR
2P18671
$
1,965;000 I
(ISSUED DURING FISCAL YEAR
2P18673
$
01
(PAID DURING FISCAL YEAR
2P18675
$
125,000 1
(OUTSTANDING END
IFINAL MATURITY
I
OF FISCAL YEAR
DATE
100
2P18677 $ 1,840,000 1
03/08
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BONDS
(LIST SEPARATELY BY DATE OF ISSUE. EDPCODE AMOUNT
I
BOND NO. 5 SCLIWC
IMONTH AND YEAR OF ISSUE 11/76 1
ICURRENT INTEREST RATE 6.70 I
(OUTSTANDING BEGINNING OF YEAR 2P18671 $479,229 1
(ISSUED DURING FISCAL YEAR 2P18673 $ 0 1
IPAID DURING FISCAL YEAR • 2P18675 $239,613 1
(OUTSTANDING END OF FISCAL YEAR 2P18677 $239,616 1
IFINAL MATURITY DATE 08/96 I
1
BOND NO. 6 SCLIWC Zebra Mussel Project
IMONTH AND YEAR OF ISSUE 12/91 I
(CURRENT INTEREST RATE 6.00 I
(OUTSTANDING BEGINNING OF YEAR 2P18671 $ 41,495 I
(ISSUED DURING FISCAL YEAR 2P18673 S 0 I
(PAID DURING FISCAL YEAR 2P18675 $ 5,187 I
(OUTSTANDING END OF FISCAL YEAR
2P18677
$ 36,308 I
IFINAL MATURITY DATE
1
06/00 1
I
BOND NO. 7 1991 Public Improvements
(MONTH AND YEAR OF ISSUE
07/91 I
(CURRENT INTEREST RATE
6.625 I
(OUTSTANDING BEGINNING OF YEAR
2P18671
$3,925,000 1
(ISSUED DURING FISCAL YEAR
2P18673
$ 0 I
(PAID DURING FISCAL YEAR
2P18675
$ 200,000 1
(OUTSTANDING END OF FISCAL YEAR
2P18677
$3,725,000 I
IFINAL MATURITY DATE
I
117/11 I
I
I BOND NO. 8 SCLIWC Zebra Mussel Project
I
I
I
(MONTH AND YEAR OF ISSUE
01/92 I
ICURRENT INTEREST RATE
6.00 1
(OUTSTANDING BEGINNING OF YEAR
2P18671
$ 41,497 1
(ISSUED DURING FISCAL YEAR
2P18673
S 0 I
(PAID DURING FISCAL YEAR
2P18675
$ 5,186 I
(OUTSTANDING END OF FISCAL YEAR
2P18677
$ 36,311 I
IFINAL MATURITY DATE
I
06/00 I
I
100A
STATEMENT OF INDEBTEDNESS
WATER AND OTHER PURPOSES EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BONDS
ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
BOND NO. 9 SCLIWC Zebra Mussel Project
IMONTH AND YEAR OF ISSUE 01/93 I
ICURRENT INTEREST RATE 4.50 I
(OUTSTANDING BEGINNING OF YEAR 2P18671 $ 41.497 I
IISSUED DURING FISCAL YEAR 2P18673 $ 0 I
IPAID DURING FISCAL YEAR 2P18675 $ 5.186 I
IOUTSTANDING END OF FISCAL YEAR
2P186.77
S
36,311 I
(FINAL MATURITY DATE
06/00 I
I
IBOND NO.
I
IMONTH AND YEAR OF ISSUE
I
(CURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P18671
$
I
[ISSUED DURING FISCAL YEAR
2P18673
$
I
IPAID DURING FISCAL YEAR
2P18675
S
I
(OUTSTANDING END OF FISCAL YEAR
2P18677
$
I
IFINAL MATURITY DATE
I
I
IBOND NO.
I
(MONTH AND YEAR OF ISSUE
i
(CURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P18671
$
I
(ISSUED DURING FISCAL YEAR
2P18673
$
I
IPAID DURING FISCAL YEAR
2P18675
S
I
(OUTSTANDING END OF FISCAL YEAR
2P18677
$
I
IFINAL MATURITY DATE
I
TOTAL BONDS
AMOUNT
OUTSTANDING BEGINNING OF YEAR
$
8,753,718
ISSUED DURING FISCAL YEAR
S
0
PAID DURING FISCAL YEAR
S
860,172
OUTSTANDING END OF FISCAL YEAR
S
7,893,546
101
STATEMENT OF INDEBTEDNESS
INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
CAPITAL NOTES
I
ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
I
(CAPITAL NOTE NO. 1
(MONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
2P18751
S I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18753
S I
IPAID DURING FISCAL YEAR
i
I (DO NOT INCLUDE RENEWALS HERE)
2P18755
$ I
(OUTSTANDING END OF FISCAL YEAR
2P18757
$ I
IFINAL MATURITY DATE
I
I
I
(CAPITAL NOTE NO. 2
I
IMONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P18751
$ I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18753
$ I
(PAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18755
$ I
(OUTSTANDING END OF FISCAL YEAR
2P18757
S I
IFINAL MATURITY DATE
ICAPITAL NOTE NO. 3
I
IMONTH AND YEAR OF ISSUE
I
(CURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P18751
S I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18753
$ I
IPAID DURING FISCAL YEAR
I
I
I (DO NOT INCLUDE RENEWALS HERE)
'2P18755
$ I
(OUTSTANDING END OF FISCAL YEAR
2P18757
$ I
IFINAL MATURITY DATE
I
TOTAL CAPITAL NOTES
AMOUNT
OUTSTANDING BEGINNING OF YEAR
$
ISSUED DURING FISCAL YEAR
$
PAID DURING FISCAL YEAR
$
OUTSTANDING END OF FISCAL YEAR
$
102
STATEMENT OF INDEBTEDNESS
INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BOND ANTICIPATION NOTES
ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
I
IBOND ANTICIPATION NOTE NO. 1
IMONTH AND YEAR OF ISSUE I
ICURRENT INTEREST RATE I
(OUTSTANDING BEGINNING OF YEAR 2P18761 $ I
IISSUED DURING FISCAL YEAR I
I (DO NOT INCLUDE RENEWALS HERE) 2P18763 S I
(PAID DURING FISCAL YEAR I
I (DO NOT INCLUDE RENEWALS HERE) 2P18765 S I
(OUTSTANDING END OF FISCAL YEAR
2P18767
S I
(FINAL MATURITY DATE
I
(BOND ANTICIPATION NOTE NO. 2
I
I
I
(MONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P18761
S I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18763
S I
IPAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18765
$ I
(OUTSTANDING END OF FISCAL YEAR
2PIS767
S I
(FINAL MATURITY DATE
i
I
I
(BOND ANTICIPATION NOTE NO. 3
I
I
I
(MONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P,18761
S I
(ISSUED DURING FISCAL YEAR
'
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18763
S I
(PAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18765
S I
(OUTSTANDING END OF FISCAL YEAR
2P18767
$ I
(FINAL MATURITY DATE
I
103
STATEMENT OF INDEBTEDNESS
INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BOND ANTICIPATION NOTES
I
(LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
I
IBOND ANTICIPATION NOTE NO. 4
(MONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
I
IOU.TSTANDING BEGINNING OF YEAR
2P18761
S I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18763
S I
(PAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18765
S I
(OUTSTANDING END OF FISCAL YEAR
2P18767
S I
IFINAL MATURITY DATE
IBOND ANTICIPATION NOTE NO. 5
I
I
i
(MONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF YEAR
2P18761
S I
(ISSUED DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18763
S I
(PAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18765
S I
(OUTSTANDING END OF FISCAL.YEAR
2P18767
S I
IFINAL MATURITY DATE
I
I
I
[BOND ANTICIPATION NOTE NO. 6
I
I
I
(MONTH AND YEAR OF ISSUE
(CURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
2P18761
S I
(ISSUED DURING FISCAL YEAR
I
[ (DO NOT INCLUDE RENEWALS HERE)
2P.18763
+!
S I
(PAID DURING FISCAL YEAR
I
I (DO NOT INCLUDE RENEWALS HERE)
2P18765
S I
(OUTSTANDING END OF FISCAL YEAR
2P18767
S I
IFINAL MATURITY DATE
I
I
TOTAL BOND ANTICIPATION NOTES
AMOUNT
OUTSTANDING BEGINNING OF YEAR
$
ISSUED DURING FISCAL YEAR
S
PAID DURING FISCAL YEAR
S
OUTSTANDING'END OF FISCAL YEAR
$
*** BOND ANTICIPATION NOTES REDEEMED
FROM BOND PROCEEDS DURING FISCAL YEAR
2P18885
S
104
I
STATEMENT OF INDEBTEDNESS
INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BONDS
(LIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
I
IBOND NO. 1
(MONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF
YEAR
2P18771
S I
(ISSUED DURING FISCAL YEAR
2P18773
S I
IPAID DURING FISCAL YEAR
2P18775
S I
(OUTSTANDING END OF FISCAL
YEAR
2P18777
S I
(FINAL MATURITY DATE
I
I
i
(BOND NO. 2
I
(MONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF
YEAR
2P18771
S I
(ISSUED DURING FISCAL YEAR
2P18773
S i
IPAID DURING FISCAL YEAR
2P18775
S i
(OUTSTANDING END OF FISCAL
YEAR
2P18777
S I
(FINAL MATURITY DATE
I
I
I
IBOND NO. 3
I
I
I
IMONTH AND YEAR OF ISSUE
I
(CURRENT INTEREST RATE
I
[OUTSTANDING BEGINNING OF
YEAR
2P18771
S I
[ISSUED DURING FISCAL YEAR
2P18773
S I
IPAID DURING FISCAL YEAR
2P18775
S I
(OUTSTANDING END OF FISCAL
YEAR
2P-18777
S I
IFINAL MATURITY DATE
I
v'
I
(BOND NO. 4
I
I
I
IMONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF
YEAR
2P18771
S I
(ISSUED DURING FISCAL YEAR
2P18773
S I
IPAID DURING FISCAL YEAR
2P18775
S I
(OUTSTANDING END OF FISCAL
YEAR
2P18777
S I
IFINAL MATURITY DATE
I
I
I
105
STATEMENT OF INDEBTEDNESS
INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BONDS
I
ILIST SEPARATELY BY DATE OF ISSUE EDPCODE AMOUNT
IBOND NO. 5
IMONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
I
[OUTSTANDING BEGINNING OF
YEAR
2P18771
S i
(ISSUED DURING FISCAL YEAR
2P18773
5 I
IPAID DURING FISCAL YEAR
2P187-75
S I
(OUTSTANDING END OF FISCAL
YEAR
2P18777
S I
(FINAL MATURITY DATE
I
I
I
(BOND NO. 6
I
IMONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF
YEAR
2P18771
S I
(ISSUED DURING FISCAL YEAR
2P18773
S I
(PAID DURING FISCAL YEAR
2P18775
S I
(OUTSTANDING END OF FISCAL
YEAR
2P18777
S I
IFINAL MATURITY DATE
I
I
I
IBOND NO. 7
I
I
I
IMONTH AND YEAR OF ISSUE
I
ICURRENT INTEREST RATE
I
(OUTSTANDING BEGINNING OF
YEAR
2P18771
5 I
(ISSUED DURING FISCAL YEAR
2P18773
S I
IPAID DURING FISCAL YEAR
2P18775
S I
(OUTSTANDING END OF FISCAL
YEAR
2P18777
$ I
(FINAL MATURITY DATE
I
I
I
TOTAL BONDS
AMOUNT
OUTSTANDING BEGINNING OF YEAR
$
ISSUED DURING FISCAL YEAR
$
PAID DURING FISCAL YEAR
$
OUTSTANDING END OF FISCAL
YEAR
$
106
STATEMENT OF INDEBTEDNESS
INDEBTEDNESS NOT EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
STATE OR AUTHORITY LOANS
I
ISTATE OR AUTHORITY LOANS
IMONTH AND YEAR OF ISSUE
ICURRENT INTEREST RATE
(OUTSTANDING BEGINNING OF YEAR
IISSUED DURING FISCAL YEAR
IPAID DURING FISCAL YEAR
(OUTSTANDING END OF FISCAL YEAR
IFINAL MATURITY DATE
I
EDPCODE
2P18791 S
2P18793 $
2P18795 $
2P18797 $
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
107
AMOUNT
OSC DATA ENTRY
DO NOT KEY
INDEBTEDNESS BY PURPOSE
FOR CAPITAL NOTES AND BOND ANTICIPATION NOTES
EXEMPT FROM CONSTITUTIONAL DEBT LIMIT
BREAKDOWN OF OUTSTANDING BALANCE BY PURPOSE
I I I OTHER (PLEASE SPECIFY)[ EXEMPT ,I DATE OF
I I TAX I I (FROM DEBTIISSUE OR
SANITARY I 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
215,000
Y i 02/95
I I I I I I
I I I I I I
I I I I I I
I I I I I I
I I I I I I
I I I I I I
I I I I I I
I I I I I I
I
I I I I I I
• I I I I I I
I I I I I I
I I I
I I I I I I
I I I I I I
I I I I I I
I I I I I I
I I I I I I
I I 0 I I I
I I I I I I
I I I I I I
-- FOR EACH OF THE OUTSTANDING NON -CHARGEABLE BON& ANTICIPATION NOTES AND
CAPITAL NOTES, PLEASE PUT THE OUTSTANDING AMOUNTS UNDER THE APPROPRIATE
COLUMN HEADINGS. THESE AMOUNTS MUST BE IN WHOLE DOLLARS ONLY
108
MATURITY SCHEDULE.
USE ONLY FOR BONDS ISSUED DURING THE FISCAL YEAR
109
IEDPCODE I I I I
PURPOSE OF ISSUE
I I I I I
FOR STATE COMPTROLLERI 2P3CE I I I I
USE ONLY
I I I I
I.
TOTAL PRINCIPAL
12P3PR I I I I
I I I I I
DATE OF ISSUE
12P3DT I I I I
I I I I I
INTEREST RATE
12P3PC I I I I
(IN DECIMALS)
I I I I I
I I I I I
MONTH, DAY AND YEAR
12P3DM I I I I
OF FINAL MATURITY
I I I I I
AMOUNT OF PRINCIPAL
12P395 I I I I
REDEEMED IN OR TO BE
REDEEMED IN FISCAL
12P396 I I I I
YEAR ENDING IN
I I I I I
(THE LAST TWO DIGITS
i 2P397 I I I I
OF THE EDP CODE
I I I I I
CORRESPOND TO THE
12P398
FISCAL YEAR ENDED)
I I I I I
12P399 I I I I
I I I I
I
12P300 I I I I
I I I I
I
12P301 I I I I
I I I I
I
12P302 I I I I
I I i I
I
I 2P303
I I I I
I
12P304 I I I I
I I I
I
12P305
I I I
12P306 I I I I
I I I I
I
12P307 I I I I
I I I I
I
12P308 I I I I
I i I I
I
12P309 I I I I
I I I I
I
2P310
1 I I I
I
12P311 I I I I
I I i i
I
12P312 I I I I
I I I I I
109
MATURITY SCHEDULE
USE ONLY FOR BONDS ISSUED DURING THE FISCAL YEAR (CONTINUED)
IEDPCODE I I I I
I I I I I
AMOUNT OF PRINCIPAL 12P313 I I I I
REDEEMED IN OR TO BE I I I I I
REDEEMED IN FISCAL 12P314 I I I
YEAR ENDING IN I I I I I
(THE LAST TWO DIGITS 12P315 I I I I
OF THE EDP CODE I I I I I
CORRESPOND TO THE 12P316 I I I I
FISCAL YEAR ENDED) I I I I I
2P317 I I I I
I I I I I
12P318
I I I I I
12P319 I I I I
I I I I I
12P320 I I I I
I I i I I
12P321 I I I I
I I I I I
12P322 I I I I
I I I I I
12P323 I I I I
I I I I I
2P324
I I I I I
12P325 I I I I
2P326
I I I I I
12P327 I I I I
I I I I I
12P328 I I I I
I I I I I
2P329
I I I I I
12P330 I I E 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
12P333 I I I I
I I I I I
12P334 I I F I
I I I I I
12P335
I I I I I
I TOTAL I I I I
I I I I I
110
TOWN OF ITHACA
STATEMENT OF INDEBTEDNESS
SCHEDULE FOR REPORTING VARIABLE RATE,
DISCOUNTED, AND/OR NEGOTIATED BONDS & NOTES
(PLEASE COMPLETE A SEPARATE SCHEDULE FOR EACH DEBT ISSUE)
FISCAL YEAR ENDED 1995 ONLY
CCODE
EDP CODE AMOUNT
-------- ---------
TYPE OF DEBT INSTRUMENT: PLEASE ENTER 1 FOR A
BOND, 2 FOR A BOND ANTICIPATION NOTE,
OR 3 FOR OTHER NOTES.
6PKOD
AMOUNT OF ISSUE
6PPR
S
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 F
6PPV
S
PREMIUM AND ACCRUED INTEREST
6PAI
S
AMOUNT OF SALE/TOTAL PROCEEDS
6PSTP
S
LESS:
COST OF ISSUANCE
ORIGINAL ISSUE DISCOUNT
6POID
S
UNDERWRITERS DISCOUNT
6PUD
S
LETTER OF CREDIT
6PLC
S
LIQUIDITY FACILITY
6PLF
S
OTHER COSTS OF ISSUANCE
6POCI
S
TOTAL COSTS OF ISSUANCE
6PTC
S
NET PROCEEDS AVAILABLE FOR PURPOSE OF ISSUE
6PNP
S
111
TOWN OF ITHACA
SCHEDULE FOR REPORTING ALL INSTALLMENT
PURCHASE CONTRACTS/CERTIFICATES OF PARTICIPATION (COPS)
(COMPLETE A SEPARATE SET OF FORMS FOR EACH TRANSACTION)
FISCAL YEAR ENDED 1995 ONLY
CCODE
PURCHASE CONTRACTS EDPCODE AMOUNT
------------------ ------ ---------
PURPOSE 3PPIO
(IDENTIFY CAPITAL IMPROVEMENT/PURCHASE)
NAME OF VENDOR PLEASE ENTER 1 IF THE
CONTRACT WAS FINANCED BY VENDOR FINANCING OR ENTER 2 IF
NON -VENDOR THIRD PARTY FINANCING WAS UTILIZED. 3PVEND
COST
OF
CAPITAL IMPROVEMENT (EXCLUDING FINANCING COST)
3PCCI $
DATE
OF
CONTRACT
3PDC
DATE
OF
FIRST PAYMENT ON CONTRACT
3PFP
DATE
OF
LAST PAYMENT ON CONTRACT
3PLP
FINANCING TERMS
DOWNPAYMENT 3PDP S
INTEREST RATE SET FORTH IN INSTALLMENT PURCHASE CONTRACT 3PIPIR
TOTAL PRINCIPAL AMOUNT OF INSTALLMENT PURCHASE CONTRACT
(EXCLUDING INTEREST) 3PAIPC S
AMOUNT OF CURRENT YEAR PRINCIPAL PAYMENT ON CONTRACT 3PCYPP $
(PLEASE COMPLETE AN AMORTIZATION SCHEDULE ON THE
FOLLOWING PAGE FOR EACH INSTALLMENT PURCHASE CONTRACT.)
TOTAL AMOUNT OF UNPAID PERIODIC PAYMENTS (EXCLUDING
INTEREST) OUTSTANDING AT THE END OF THE CURRENT YEAR
LENGTH OF THE INSTALLMENT PURCHASE CONTRACT
CERTIFICATES OF PARTICIPATION (COPS) ~E
------------------------------------
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
WAS THIS AN AGGREGATED OR POOLED ARRANGEMENT? (PLEASE
ENTER 1 IF AGGREGATED, 2 IF POOLED, OR 3 IF NEITHER.)
112
3PUPP S
3PLIPC YRS
3PCOPS
3PCOPCN
3PCOPNM
3PCOPPR $
3PCOPIR
3PCOPAP
TOWN OF ITHACA
AMORTIZATION SCHEDULE FOR
INSTALLMENT PURCHASE CONTRACTS
AMOUNT OF PRINCIPAL TO BE REDEEMED IN (THE LAST TWO YEARS OF THE EDP CODE
CORRESPOND TO THE FISCAL YEAR END)
CCODE
CCODE
EDPCODE PRINCIPAL AMOUNT DUE
------- --------------------
EDPCODE PRINCIPAL AMOUNT DUE
------- --------------------
3P95 845
3P10
3P96 0
3P11
3P97
3P12
3P98
3P13
3P99.
3P14
3P00
3P15
3P01
3P16
3P02
3P17
3P03
3P18
3PO4
3P19
3P05
3P20
3P06
3P21 v�
3P07
3P22
3P08
3P23
3P09
3P24
113
SCHEDULE OF SECURITIES.FOR COLLATERALIZATION
GENERAL MUNICIPAL LAW SECTION 10 AS AMENDED BY CHAPTER 708 LAWS OF 1992
LISTS ELEVEN TYPES OF SECURITIES WHICH MAY BE PLEDGED FOR
COLLATERALIZATION. PLEASE PUT A.1 IN THE RESPONSE COLUMN ON THE LINES)
NEXT TO THE TYPES) OF SECURITIES USED BY BANKS AS COLLATERAL FOR YOUR
DEPOSITS.
ELIGIBLE SECURITIES EDPCODE RESPONSE
-------------------
1. OBLIGATIONS ISSUED BY THE UNITED STATES OF 9ZSEC01
AMERICA, AN AGENCY THEREOF OR A UNITED STATES
SPONSORED CORPORATION OR OBLIGATIONS FULLY
INSURED OR GUARANTEED AS TO THE PAYMENT OF
PRINCIPAL AND INTEREST BY THE UNITED STATES OF
AMERICA, AN AGENCY THEREOF OR A UNITED STATES
GOVERNMENT SPONSORED CORPORATION.
2. OBLIGATIONS ISSUED OR FULLY GUARANTEED BY THE 9ZSECO2
INTERNATIONAL BANK FOR RECONSTRUCTION AND
DEVELOPMENT, THE INTER -AMERICAN DEVELOPMENT
BANK, THE ASIAN DEVELOPMENT BANK, AND THE
AFRICAN DEVELOPMENT BANK.
3. OBLIGATIONS PARTIALLY INSURED OR GUARANTEED BY 9ZSEC03
ANY AGENCY OF THE UNITED STATES OF AMERICA, AT
A PROPORTION OF THE MARKET VALUE OF THE
OBLIGATION THAT REPRESENTS THE AMOUNT OF THE
INSURANCE OR GUARANTY.
4. OBLIGATIONS ISSUED OR FULLY INSURED OR 9ZSEC04
GUARANTEED BY THIS STATE, OBLIGATIONS BY A
MUNICIPAL CORPORATION, SCHOOL DISTRICT OR.
DISTRICT CORPORATION OF THIS STATE OR
OBLIGATIONS OF ANY PUBLIC BENEFIT CORPORATION
WHICH UNDER A SPECIFIC STATE STATUTE MAY BE
ACCEPTED AS SECURITY FOR DEPOSIT OF PUBLIC
MONEYS.
S. OBLIGATIONS ISSUED BY STATES (OTHER THAN THIS 9ZSEC05
STATE) OF THE UNITED STATES RATED IN ONE OF THE
THREE HIGHEST RATING CATEGORIES BY AT LEAST ONE
NATIONALLY RECOGNIZED STATISTICAL RATING
ORGANIZATION.
6. OBLIGATIONS OF PUERTO RICO RATED IN ONE OF 9ZSEC06
THREE HIGHEST RATINGS CATEGORIES BY AT LEAST
ONE NATIONALLY RECOGNIZED STATISTICAL RATING
ORGANIZATION.
114
1
1
SCHEDULE OF SECURITIES FOR COLLATERALIZATION
ELIGIBLE SECURITIES EDPCODE
-------------------
7. OBLIGATIONS OF COUNTIES, CITIES, AND OTHER 9ZSEC07
GOVERNMENTAL ENTITIES OF ANOTHER STATE HAVING
THE POWER TO LEVY TAXES THAT ARE BACKED BY THE
FULL FAITH AND CREDIT OF SUCH GOVERNMENTAL
ENTITY AND RATED IN ONE OF THE THREE HIGHEST
RATING CATEGORIES BY AT LEAST ONE NATIONALLY
RECOGNIZED STATISTICAL RATING ORGANIZATION.
8. OBLIGATIONS OF DOMESTIC CORPORATIONS RATED IN 9ZSEC08
ONE OF THE TWO HIGHEST RATING CATEGORIES BY AT
LEAST ONE NATIONALLY RECOGNIZED STATISTICAL
RATING ORGANIZATION.
9. ANY MORTGAGE RELATED SECURITIES, AS DEFINED -IN 9ZSEC09
THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED, WHICH MAY BE PURCHASED BY BANKS UNDER
THE LIMITATIONS ESTABLISHED BY FEDERAL BANK
REGULATORY AGENCIES.
10. COMMERCIAL PAPER AND BANKERS' ACCEPTANCES 9ZSEC10
ISSUED BY A BANK (OTHER THAN THE BANK WITH
WHICH THE MONEY IS BEING DEPOSITED OR INVESTED)
RATED IN THE HIGHEST SHORT-TERM CATEGORY BY AT
LEAST ONE NATIONALLY RECOGNIZED STATISTICAL
RATING ORGANIZATION AND HAVING MATURITIES OF
NOT LONGER THAN SIXTY DAYS FROM THE DATE THEY
ARE PLEDGED.
11. ZERO-COUPON OBLIGATIONS OF TEH UNITED STATES 9ZSEC11
GOVERNMENT MARKETED AS "TREASURY STRIPS."
12. LETTERS OF CREDIT
13. SURETY BONDS
115
9ZSEC12
9ZSEC13
RESPONSE
SCHEDULE OF TIME DEPOSITS AND INVESTMENTS
OTHER THAN RESERVE FUNDS EDPCODE AMOUNT
CASH:
ON HAND 9Z2001 700
DEMAND DEPOSITS 9Z2021 582,689
TIME DEPOSITS 9Z2011 1,268,412
TOTAL 1,851,801
COLLATERAL:
116
100,000
- FDIC INSURANCE
9Z2014
- SECURITIES LOCATED:
(1) IN POSSESSION OF MUNICIPALITY
9Z2014A
1,751,760
(2) HELD BY THIRD PARTY CUSTODIAL BANK
9Z2014B
(3) HELD BY TRADING COUNTER PARTNER
9Z2014C
INVESTMENTS:
-.SECURITIES (450)
*BOOK VALUE (COST)
9Z4501
*MARKET VALUE AT BALANCE SHEET DATE
9Z4502
*SECURITIES LOCATED:
(1) IN POSSESSION OF MUNICIPALITY
9Z4504A
(2) HELD BY THIRD PARTY CUSTODIAL BANK
9Z4504B.'
(3) HELD BY TRADING COUNTER PARTNER
9Z4504C
- REPURCHASE AGREEMENTS (451)
*BOOK VALUE (COST)
9Z4511
.610, 579
*MARKET VALUE AT BALANCE SHEET DATE
9Z4512
'*SECURITIES LOCATED:
(1) IN POSSESSION OF MUNICIPALITY
9Z4514A
(2) HELD BY THIRD PARTY CUSTODIAL BANK
9Z4514B
(3) HELD BY TRADING COUNTER PARTNER
9Z4514C
116
SCHEDULE OF TIME DEPOSITS AND INVESTMENTS
RESERVE FUNDS EDPCODE
AMOUNT
CASH (ALL RESERVE FUNDS):
ON HAND
9Z2301
DEMAND DEPOSITS
9Z2311
TIME DEPOSITS
9Z2321 557,757
TOTAL
COLLATERAL:
- FDIC INSURANCE
9Z2324
- SECURITIES LOCATED:
(1) IN POSSESSION OF MUNICIPALITY
9Z2324A
(2) HELD BY THIRD PARTY CUSTODIAL BANK
9Z2324B
(3) HELD BY TRADING COUNTER PARTNER
9Z2324C
INVESTMENTS (ALL RESERVE FUNDS)
- SECURITIES (450)
*BOOK VALUE (COST)
9Z4521
*MARKET VALUE AT BALANCE SHEET DATE
9Z4522
*SECURITIES LOCATED:
(1) IN POSSESSION OF MUNICIPALITY
9Z4524A
(2) HELD BY THIRD PARTY CUSTODIAL BANK
9Z4524B
(3) HELD BY TRADING COUNTER PARTNER
9Z4524C
- REPURCHASE AGREEMENTS (ALL RESERVE FUNDS) (451)
*BOOK VALUE (COST)
9Z4531 757,992
*MARKET VALUE AT BALANCE SHEET DATE
9Z4532
*SECURITIES LOCATED:
(1) POSSESSION OF MUNICIPALITY
9Z4534A
(2) HELD BY THIRD PARTY CUSTODIAL BANK
9Z4534B
(3) HELD BY TRADING COUNTER PARTNER
9Z4534C
117
TOWN OF ITHACA
INVESTMENT CERTIFICATION
DEFINITIONS
REPURCHASE AGREEMENT - A GENERIC TERM FOR AN AGREEMENT IN WHICH A .
GOVERNMENT ENTITY (BUYER -LENDER) TRANSFERS CASH TO A BROKER-DEALER OR
FINANCIAL INSTITUTION (SELLER -BORROWER); THE BROKER-DEALER OR FINANCIAL
INSTITUTION TRANSFERS SECURITIES TO THE ENTITY AND PROMISES TO REPAY THE
CASH PLUS INTEREST IN EXCHANGE FOR THE SAME SECURITIES OR FOR DIFFERENT
SECURITIES.
REVERSE REPURCHASE AGREEMENT - AN AGREEMENT IN WHICH A BROKER-DEALER OR
FINANCIAL INSTITUTION (BUYER -LENDER) TRANSFERS CASH TO A GOVERNMENT ENTITY
(SELLER -BORROWER); THE ENTITY TRANSFERS SECURITIES TO THE BROKER-DEALER OR
FINANCIAL INSTITUTION AND PROMISES TO REPAY THE CASH PLUS INTEREST IN
EXCHANGE FOR THE SAME SECURITIES OR DIFFERENT SECURITIES.
INSTRUCTIONS
------------
PLEASE PUT 1 IN THE RESPONSE COLUMN NEXT TO THE APPROPRIATE ANSWERS IN
QUESTIONS 1, 2, AND 3 FOR THE INVESTMENT CERTIFICATION SCHEDULE.
EDPCODE AMOUNT
1) HAS YOUR LOCAL GOVERNMENT ADOPTED AN INVESTMENT
POLICY AS REQUIRED BY GENERAL MUNICIPAL LAW,
SECTION 39?
YES 9ZPOLY 1
NO 9ZPOLN
2) IF THE ANSWER TO NUMBER 1 IS YES, PLEASE INDICATE
WHICH OF THE FOLLOWING INVESTMENTS ARE PERMITTED
BY YOUR INVESTMENT POLICY. !
* OBLIGATIONS OF THE UNITED STATES 9ZINV1
* OBLIGATIONS OF U.S. GOVERNMENT AGENCIES,
GUARANTEED BY THE UNITED STATES GOVERNMENT. 9ZINV2 1
* OBLIGATIONS OF THE STATE OF NEW YORK 9ZINV3 1
* OBLIGATIONS OF OTHER NEW YORK STATE
LOCAL GOVERNMENTS 9ZINV4
* OTHERS (SPECIFY) 9ZINV5
118
TOWN OF ITHACA
INVESTMENT CERTIFICATION
3) ARE REPURCHASE AGREEMENTS AUTHORIZED BY YOUR
INVESTMENT POLICY?
YES 9ZREPOY
NO 9ZREPON
4) DO YOU ENGAGE IN REVERSE REPURCHASE
AGREEMENTS?
YES 9ZRVREY
NO 9ZRVREN
SIGNATURE
TITLE
PHONE NUMBER
119
1
THIS FORM MUST BE COMPLETED UNLESS THESE FINANCIAL
STATEMENTS WILL BE AUDITED BY AN INDEPENDENT PUBLIC ACCOUNTANT.
BANK RECONCILIATION
INCLUDE ALL CHECKING, SAVINGS AND C.D. ACCOUNTS
BANK ADD: LESS: ADJUSTED
ACCOUNT BANK DEPOSITS OUTSTANDING BANK
NUMBER BALANCE. IN TRANSIT CHECKS BALANCE
EDP CODE
TOTAL ADJUSTED BANK BALANCE --------
PETTY CASH
ADJUSTMENTS (SPECIFY)
TOTAL CASH 9ZCASH
TOTAL CASH BALANCE ALL FUNDS 9ZCASHB
* MUST BE EQUAL
120
REAL PROPERTY TAX LEVY AND RELATED INFORMATION
CURRENT YEAR TAX LEVY AND COLLECTIONS
COUNTIES, CITIES, VILLAGES, AND WESTCHESTER COUNTY TOWNS
TAXES ON ROLL S
ADD:RELEVIED TAXES S
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 S
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 S S
PRIOR YEARS: S S S S S
TOTAL S S S S S
121
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 1
2. IF THE ANSWER TO QUESTION 1 ABOVE IS YES,
PLEASE COMPLETE THE FOLLOWING:
NAME OF AUDITING FIRM Ciaschi, Dietershagen, 9ZIAC
Little and Micke son, CP 's
ADDRESS OF AUDITING FIRM
STREET Prospect St.
CITY Ithaca,
STATE AND ZIP CODE New York 14850
3. DOES YOUR LOCAL GOVERNMENT PARTICIPATE IN AN
INSURANCE POOL WITH OTHER LOCAL GOVERNMENT?
(IF YES ENTER 1, IF NO ENTER 2) 9ZLY31 2
4.
IF THE ANSWER TO QUESTION 3 ABOVE IS YES,
PLEASE COMPLETE THE FOLLOWING:
NAME OF POOL
TYPE OF INSURANCE
122
123
TOWN OF
ITHACA
NOTICE
OF
TORT CLAIMS
FOR
THE FISCAL YEAR ENDED
1995
TOTAL
TOTAL
NUMBER OF CLAIMS AMOUNT OF CLAIMS
EDPCODE
NUMBER
EDPCODE
AMOUNT
CLAIMS PENDING
-BEGINNING OF YEAR
*CLAIMS OTHER THAN
CODEFENDANT/THIRD PARTY
9ZTR15
1
9ZTR16
19,340
*CLAIMS INVOLVING
CODEFENDANT/THIRD PARTY
9ZTR10
1
9ZTR11
650
PLUS:
NOTICES FILED DURING YEAR,
*OTHER THAN
CODEFENDANT/THIRD PARTY
9ZTR25
3
9ZTR26
1857
*INVOLVING CODEFENDANT/
THIRD PARTY DEFENDANT
9ZTR20
-0-
9ZTR21
-0-
LESS:
- CLAIMS DISPOSED OF DURING
YEAR PRIOR TO COMMENCEMENT
OF COURT ACTION:
* BY LOCALITY
9ZTR30
-0-
9ZTR31
-0-
* BY INSURANCE CARRIER
9ZTR40
2
9ZTR41
1757
- CLAIMS DISPOSED OF DURING
YEAR AFTER COMMENCEMENT
OF COURT ACTION:
* BY LOCALITY
9ZTR50
-0-
9ZTR51
-0-
* BY INSURANCE CARRIER
9ZTR60
1
9ZTR61
650
* 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
19,440
*CLAIMS INVOLVING
CODEFENDANT/THIRD PARTY
9ZTR90
-0-
9ZTR91
-0-
123
TOWN OF ITHACA
NOTICE OF TORT CLAIMS
FOR THE FISCAL YEAR ENDED 1995
EDPCODE
- 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
AMOUNT PAID
ON CLAIMS
-0-
1757
COLUMN (1)
NUMBER
OF CLAIMS # EDPCODE
-0-
9ZTR56
1
9ZTR66
-0-
9ZTR76
-0-
9ZTR86
COLUMN (3)
AMOUNT PAID
ON CLAIMS
-0-
650
-0-
-0-
EDPCODE
9ZTR58
9ZTR68
9ZTR78
9ZTR88
COLUMN (2)
MUNICIPALITY
EQUITABLE.
SHARE
-0-
650
-0-
-0-
COLUMN (4)
AMOUNT PAID
GREATER THAN
MUNICIPALITY
EQUITABLE
SHARE ##
-0-
-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 March 25, 1996 BY
DATE
NAME
JOAN LENT NOTEBOOM
Town Clerk
TITLE
126 East Seneca Street, Ithaca, NY 14850
ADDRESS
( 607 ) 273,1721
124
PHONE 'NUMBER
TOWN OF ITHACA
COUNTY OF TOMPKINS
ADDITIONAL INFORMATION SCHEDULE
IN ORDER TO ASSIST THIS DEPARTMENT IN FULFILLING.OUR AUDITING AND OVERSIGHT
RESPONSIBILITIES, PLEASE COMPLETE THE FOLLOWING SCHEDULE LISTING EACH FUND
SEPARATELY. THANK YOU FOR YOUR COOPERATION.
I
BANS I TANS
I RANS
I APPROPRIATEDIUNAPPROPRIATED
I
PAYABLE I PAYABLE
I PAYABLE
I FUND BALANCE[
FUND BALANCE
FUND I
626 I 620
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I 621
I 910 1
911
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EXAMPLE I
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GENERAL 1
100,0001
1
1 50,0001
100,000
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General Townwidl
[ _---_-----
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I _-_- 7 I
---- _--
231,414
-_- ----
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General
Outside Villa�e�
__________ I
__________
I ____ 259,395___
____191,893 ____
Highway 1
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__________
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I 71,140 I
270,498
Water I
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1 203,497 1
733,507
Sewer I
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1 0 1
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638,728
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Fire I
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1 1
19,748
7------------------------------------------------.---------------
Lighting I
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1
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1 2,005 1
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4,302
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RISK RETENTION FUND * DETAIL OF EXPENDITURES AND OTHER USES
PERSONAL EQUIPMENT AND CONTRACTUAL EMPLOYEE
EDP CODE
TOTAL SERVICES CAPITAL OUTLAY EXPENDITURES BENEFITS
GENERAL GOVERNMENT SUPPORT
0 1 2 4 8
Administration
CS1710
S S S 0 S
Excess Insurance
CS1722
Judgements and Claims
CS1930
Property Loss
CS1931
Other (Specify)
CS1989
Total General
Government Support
S S 5 $ S
EMPLOYEE BENEFITS
S#ate Retirement
CS9010.8
S
Social Security
CS9030.8
Yorkers Compensation
CS9040.8
Life Insurance
CS9045.8
Unemployment Insurance
CS9050.8
Disability Insurance
CS9055.8
Hospital, Medical A Dental Ins.
CS9060.8
CS-. 8
CS .8
Total Employee Benefits
S
DEBT PRINCIPAL
Term Bonds
CS9700.6
S
Serial Bonds
CS9710.6
Statutory Installment Bonds
CS9720.6
Bond Anticipation Notes
CS9730.6
Capital Notes
CS9740.6
DEBT INTEREST
Term Bonds
CS9700.7
S
Serial Bonds
CS9710.7
Statutory Installment Bonds
CS9720.7
Bond Anticipation Notes
CS9730.7
Capital Notes
CS9740.7
Total Debt Principal and Interest
S
TOTAL EXPENDITURES
S
INTERFUND TRANSFERS
CS9901.9
S
TOTAL EXPENDITURES AND OTHER USES
0 0
RISK RETENTION FWD * BALANCE SHEET
AS OF December 31 1995
ASSETS
LIABILITIES AND FWD EQUITY
EDP CODE
EDP CODE
Cash
Accounts Payable
CS600
S
Cash
CS200
S
Time Deposits
CS201
10,000
Accrued Liabilities
Petty Cash
CS210
Accrued Liabilities
CS601
S
Obligations
CS220
Due to Employees Retire Sys.
CS637
Fiscal Agent
CS223
Total Accrued Liabilities
S
Total Cash
S 10-.000
Investments
Investment in Securities
CS450
S
Notes Payable
Investment in Repurchase Agreements
CS451
Bond Anticipation Notes
CS626
S
Total Investments
S
Total Notes Payable
S
Ar=unts Receivable
CS380.
4
Bond Interest and Matured Bonds
CS629
$
Less: Allowance for Receivables
CS389
(
) Due to Other Funds
CS630
4
Net Accts Receivable
S
Other Liabilities - Overpayments
CS690
4
Due from Other Funds
CS391
4
Deferred Revenues
CS691
S
Restricted Assets
Total Liabilities
S
Cash, Special Reserves
CS230
S
Cash in Time Deposits,
Special Reserves
CS231
Fund Balance - Reserved
Investment in Securities,
Encumbrances
CS821
S
Special Reserves
CS452
Horkers Compensation Reserve
CS814
3,000
Investment in Repurchase Agreements,
Unemployment Insurance Reserve
CS815
Special Reserves
CS453
Insurance Reserve
CS863
7,000
Total Restricted Assets
S
Total Reserved
S
10,000
Prepaid Expenditures
CS480
S
Fund Balance - Unreserved
Appropriated - Ensuing Year's
Budget
CS910
S
Unappropriated
CS911
Total Unreserved
S
Fund Equity
$
TOTAL ASSETS
S 101000:
TOTAL LIABILItTIES .AND FWD EQUITY
S
10.000
CS -]
RISK RETENTION FUND
SUMMARY STATEMENT OF REVENUES AND EXPENDITURES - BUDGET AND ACTUAL
FOR THE FISCAL YEAR ENDED _ n epmh r 31 , 1995
t
1 Kry
ACTUAL
S
S
10,000
S 10,000
$ 0
CS -2
EDP CODE
EDP CODE
CS1998M
CS9198M
CS9898M
CS9998M
ENCUMBRANCES
S
Uu NUI r1tY INFER
VARIANCE FAVORABLE
(UNFAVORABLE)
S
S
0
S 0
S 7,000
3,000
S
MODIFIED
REVENUES AND OTHER SOURCES
EDP CODE
BUDGET
Revenues
Use of Money and Property
CS2499M
$
Sale of Property and Comp. for Loss
CS2699M
Miscellansious Local Sources
CS2799M
Total Revenues
S
Interfund Transfers"
CS5031M
10,000
Proceeds of Obligations
CS5799M
TOTAL REVENUES AND OTHER SOURCES
S 10,000
Other
Appropriated Fund Balance
CS599M
Appropriated Reserve
CS511M
Obligations Authorized
CS530M
TOTAL
S 0
' EXPENDITURES AND OTHER USES
Expenditures
General Government Support
CS1999M
S 7,000
Employee Benefits
CS9199M
3,000
Debt Service (Principal and Int.)
CS9899M
Total Expenditures
S
.•Interfund Transfers
CS9999M
TOTAL EXPENDITURES AND OTHER USES
S 0,0
Other Budgetary Purposes
CS962M
TOTAL
S 10,000
1 Kry
ACTUAL
S
S
10,000
S 10,000
$ 0
CS -2
EDP CODE
EDP CODE
CS1998M
CS9198M
CS9898M
CS9998M
ENCUMBRANCES
S
Uu NUI r1tY INFER
VARIANCE FAVORABLE
(UNFAVORABLE)
S
S
0
S 0
S 7,000
3,000
S
Fund Equity - Beginning of Fiscal Year*
Prior Period ADJUSTMENTS:(**)
ADDITIONS
ADDITIONS
DEDUCTIONS
DEDUCTIONS
Net Prior Period Adjustments
RESTATED Fund Equity - Beginning of Fiscal Year
Add: Revenues and Other Sources
Deduct: Expenditures and Other Uses
Revenues and Other Sources Over (Under)
Expenditures and Other Uses
Fund Equity - End of Fiscal Year*
RISK RETENTION FUND
ANALYSIS OF CHANGES IN FUND EQUITY
FOR THE FISCAL YEAR ENDED December 31 , 1995
EOPCODE
CS8021
CS8029
S
s 10,000
0
s 0
$ 0
10,000
g 10,000
*Total includes Reserved and Unreserved Fund Balance.
**Limited to adjustments on previously issued financial statements resulting from changes in accounting principles.
Please detail those adjustments on the appropriate lines.
CS -3
CS -4
RISK RETENTION FUND * DETAIL OF REVENUES AND OTHER SOURCES
i
EDP CODE
USE OF MONEY AND PROPERTY
Interest and Earnings
CS2401
fi
CS
Total Use of Money and Property
SALES OF PROPERTY AND COMPENSATION FOR LOSS
Insurance Recoveries
CS2680
MISCELLANEOUS LOCAL SOURCES
Refunds of Prior Year Expenditures
CS2701
S
Employees Contributions
CS2709
Unclassified (Specify)
CS2770
Total Miscellaneous Local Sources
TOTAL REVENUES
Z
, JNTERFUND TRANSFERS
CS5031
10,000
PROCEEDS OF OBLIGATIONS
CS57
S
= TOTAL REVENUES AND OTHER SOURCES
10,000
CS -4
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
For the Fiscal Year Ended December 31, 1995
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 pages 12-13 for additional disclosure
regarding joint ventures.
- Ithaca Area Wastewater Treatment Plant, with the Town of
Dryden and the City of Ithaca.
Southern Cayuga Lake Intermunicipal Water Commission, is
jointly owned by the Towns of Ithaca, Lansing, and
Dryden, and the Villages of Lansing and Cayuga Heights.
The Town of Ithaca owns the majority of the Commission
and must adopt its budget and any subsequent amendments.
The Southern Cayuga Lake Intermunicipal Water Commission
is considered a Joint Venture with the Town of Ithaca.
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
accounted for within a separate set of self -balancing accounts
that comprise its assets, 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
1. Fund Categories
a. Governmental Funds
Page 2
* 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 Districts 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 Protects 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 borrowing for water and sewer capital projects.
Interest earned is transferred to the debt service fund from
the capital projects fund, and then to the operating funds for
payment of principal and interest.
* Risk Retention Fund - established to allow the Town of
Ithaca to partially self -insure for Workers Compensation and
Insurance Reserve.
b. Fiduciary Funds
* Trust and Agency Fund - used to account for funds
held in trust for subsequent distribution, transmittal or
Town of Ithaca
Page 3
release to other governments, individuals, or to other
funds.
C. Account Groups
General Fixed Assets - used to account for land,
buildings, improvements other than buildings, and equipment
utilized for general government purposes.
General Lonct-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 maintains 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. Accrual of water and sewer rents is. done
throughout the year.
b. Expenditures - recognized when paid, except at year-end
when expenditures are accrued. The encumbrance method of
accounting is used in the Townwide, Parttown, highway, Water,
Sewer, and Capital Projects funds.
C. 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.
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.
Taxpayers may elect to pay their bill in two installments
equal to 1/2 the total bill, plus a 2.5% processing fee
assessed on the total amount of the tax bill. If the
installment option is selected, the first payment is due
between January 1 and January 15, without penalty, or between
January 16 and January 20, with 1% interest on the first
installment amount only (election to pay in installments
ceases January 20). The second installment is due on or
before July 1, payable to the County Division of Budget &
Town of Ithaca
Finance.
Page 4
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 1st. The Town .thereby is assured of 1000
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 - 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 Super visor 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.
F. PROPERTY, PLANT AND EQUIPMENT - GENERAL
Town of Ithaca Page 5
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 without recording these assets.
No depreciation has been provided on general fixed assets nor
has interest on general fixed assets construction in progress
been capitalized.
G. 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 of loss can be reasonably estimated.
A Risk Retention Fund has been established for payment of
small damage claims and small Worker's Compensation claims.
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.
H. COMPENSATORY ABSENCES
Employees accrue vacation leave based on the number of years
employed up to a maximum rate of 20 days a year, but may
accumulate no more than a maximum of 30 days. Upon separation
from service, employees are paid for unused vacation time. -
Employees accrue sick leave at the rate of one day per month
and may accumulate such credits up to a total of 120 days.
Employees who retire may use this sick leave to pay for post
employment health insurance benefits.
Vested vacation and sick leave is recorded in governmental
funds as a long-term liability in the general long-term debt
account group (GLTDAG) if payable from future financial
resources, or as a fund liability and expenditures, if payable
from current resources. The liability for compensated absences
Town of Ithaca Page 6
decreased by $12,642.00 during the year to $45,813.00 and is
reported in the GLTDAG.
I. POST EMPLOYMENT BENEFITS
In addition to providing pension benefits, the Town of Ithaca
provides health insurance coverage and survivor benefits for
retired employees and their survivors. Substantially all of
the Town of Ithaca's employees may become eligible for these
benefits if they reach normal retirement age while working for
the Town of Ithaca. Health care benefits and survivors
benefits are provided through an insurance company whose
premiums are based on the benefits paid during the year. The
Town of Ithaca recognizes the cost of providing benefits by
recording its share of insurance premiums as an expenditure in
the year paid. During the year $8706.95 was paid on behalf, on
five retirees.
J. 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,
certificates of deposit and repurchase agreements.
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 a 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:
Town of Ithaca
Page 7
Deposits. All deposits including certificates of
deposits are carried at cost or cost plus accrued
interest.
ACCOUNT NAME ACCT.# BANK SECURITY
BALANCE
General Townwide-ck
01-201-002604
2,047
F
General Outside Vlg-ck
01-101-056567
12,592
F
Highway-ck
02-201-002604
3,353
F
Water-ck
04-201-002604
442,313
F
& C
Sewer-ck
09-201-002604
101,209
F
& C
Lighting-ck
05-101-056567
41
F
& C
Fire Protection-ck
02-101-056567
33
F
& C
Capital Projects
10-201-056567
1,993
F
& C
Trust & Agency-ck
05-201-002604
19,108
F
& C
General Super 7-sav
12-201-002604
1,838,414
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
$2,000,000 Federal Home Loan Banks rate 5.97%, maturity
12/21/98, market value $2,000,000.
$1,100,000 Student Loan Marketing Assn., rate 4.65%, maturity
12/2/96, market value $1,100,000.
$400,000 US of A, rate 6.50%, maturity 4/20/99 market value
$400,000.
MUNICIPAL BONDS
$130,000 Bemus Point NY Central School Dist. ,=rate 6.50%,
maturity 6/15/2000, market value $142,045.
$225,000 Alfred Almond NY Central School Dist., rate 6.05%,
maturity 6/15/2000, market value $241,202.
$100,000 Bemus Point NY Central School Dist., rate 6.50%,
maturity 6/15/02, market value $111,637.
$75,000 Cortland NY, rate 5.45% maturity 5/1/01, market value
$78,997.
$75,000 Cortland NY, rate 5.450, maturity 5/1/05, market value
$79,149.
MUNICIPAL BONDS
Town of Ithaca Page 8
$75,000 Cortland NY, rate 5.45%, maturity 5/1/06 market value
$78,571.
$240,000 Hamburg NY Central School Dist., rate 6.10% maturity
5/15/02, market value $262,740.
$200,000 Ithaca Town NY, rate 6.625%, maturity 7/15/97, market
value $208,362.
$200,000 Ithaca Town NY, rate 6.625%, maturity 7/15/98, market
value $212,776.
$250,000 Pine Bush NY Central School Dist., rate 5.95%,
maturity 6/15/99, market value $264,942.
Repurchase Agreement: With Tompkins County Trust Company, rate
5.00% for 89 days, $57,992.24 par value in the following
denominations; $57,992.24 SLMA due 12/2/96, rate 4.65%. Rate
5.25% for 91 days, $700,000 par value in the following
denominations; $700,000 SLMA due 12/2/96, rate 4.650. Rate
5.35% for 91 days, $609,871.58 par value in the following
denominations; $609,871.58 FLHB due 12/21/98, rate 5.97%.
2.
Chancres
in General
Fixed Assets:
Type
Balance
Additions
Deletions
Balarcne
12/31/94
12/31/95
K101
Land
118,642
207
0
118,849
K102
Bldg.
410,674
0
0
410,674
K104
Equip
1,662,183
78,926
17,263
1,723,846
TOTALS
2,191,499
79,133
17,263
2,253,369
B. LIABILITIES
1. Pension Plans
Plan Description
The Town of Ithaca participates in the New York State and
Local Employees' Retirement System (ERS). This is a
cost-sharing multiple -employer retirement system. The
System provides retirement benefits as well as death and
disability benefits. Obligations of employers and
employees to contribute and benefits to employees are
governed by the New York State Retirement and Social
Security Laws (NYSRSSL). As set forth in the NYSRSSL,
the Comptroller of the State of New York (Comptroller)
serves as sole trustee and administrative head for the
System. The Comptroller shall adopt and may amend rules
and regulations for the administration and transaction of
the business of the System and for the custody and
control of their funds. The System issues a publicly
available financial report that includes financial
statements and required supplementary information. That
Town of Ithaca
Page 9
report may be obtained by writing to the New York State
and Local Retirement Systems, Gov. Alfred E. Smith State
Office Building, Albany, NY 12244.
Funding Policy
The System is noncontributory except for employees who
joined the New York State and Local Employees' Retirement
System after July 27, 1976 who contribute 30 of their
salary. Under authority of the NYSRSSL, the Comptroller
shall certify annually the rates expressed as proportions
of payroll of members, which shall be used in computing
the contributions required to be made by employers to the
pension accumulation fund.
The Town of Ithaca is required to contribute at an
actuarially determined rate. The required contributions
for the current year and two preceding years were:
ERS
PFRS
1995 51,748
0
1994 24,496
0
1993 15,750
0
The Town's contributions made to the System were equal to
100 percent of the contributions required for each year.
Since 1989, the System's billings have been based on
Chapter 62 of the Laws of 1989 of the State of New York.
This legislation requires participating employers to make
payments on a current basis, while amortizing existing
unpaid amounts relating to the 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. Local governments were given the option to prepay
this liability. The total unpaid liability at the end of
the fiscal year was $46,687 of which $46,687 is reported
in the General Long -Term Debt Account Group.
Pursuant to Chapter 178 of the Laws of 1991 and Chapter
12 of the Laws of 1995, the State Legislature authorized
local governments to make available retirement incentive
programs with estimated total costs of $10,578 of which
$10,578. was charged to expenditures/expenses of the
Governmental Funds in the current fiscal year. The cost
of the programs will be billed and paid over five years
beginning December 15, 1992 for Chapter 178 and December
15, 1996 for Chapter 12 and will include interest at
8.75%.
Town of Ithaca
2. Short -Term Debt
P Page 10
Liabilities for bond anticipation notes (BANS) are
generally accounted for in the capital projects funds.
Principal payments on BANS must be made annually.
State law requires that BANS issued for capital purposes
be converted to long-term obligations within five years
after the original issue date. However, BANS issued for
assessable improvement projects may be renewed for
periods equivalent to the maximum life of the permanent
financing, provided that stipulated annual reductions of
principal are made. In 2/95 the Town of Ithaca acquired
a BAN for $215,000.
3. Lona -Term Debt
a. At 12/31/95 the total outstanding indebtedness of
the Town of Ithaca aggregated $8,289,245. Of this
amount, $0 was subject to the Town's constitutional
debt limit and represented 0% of its debt limit.
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 from taxpayers and others for
liquidation of the long-term liabilities.
C. Other Lona -Term Debt - In addition to the above
long-term debt the Town of Ithaca had the following
noncurrent liabilities:
* Due to Employees' Retirement System:
Represents the noncurrent portion of the
liability to the state retirement system.
* 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, 1995, by fund type and account group:
Town of Ithaca
Page 11
Liability GLTDAG
Serial Bonds $8,289,245
Installment Purchase 0
Unbilled Retirement 58,462
Compensated Absences 45,813
TOTAL GLTDAG $8,393,520
e. The following is a summary of changes in long-term
liabilities for the period ended December 31, 1995:
f. Long -Term Debt Maturity Schedule - The following is a
statement of Serial Bonds with corresponding maturity
schedules.
Payable from
Balance
Increases
Decreases
Balance
03/01/03
12/31/94
Issue Date
Amount
12/31/95
Water & Sewer
Balance
06/01/98
78,540
Joint Sewer
Serial Bonds
8,733,710
0
605,000
8,148,710
Unbilled
65,759
0
7,306
58,463
Retirement
Water Impr. 09/01/76
234,000
6.00%
03/01/03
Installment
1,877
0
1,877
O
Purchases
06/01/98
31,460
1984
Pub. Impr
Compensated
58,455
28,961
32,896
54,520
Absences
Pub. Impr
03/01/89
1,246,000
7.30%
TOTAL LONG
8,879,811
28,961
647,079
8,261,693
TERM DEBT
6.625%'
07/26/11 2,053,000
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
O.ttstg
03/01/03
168,500
Issue Date
Amount
Rate %
Final
Balance
06/01/98
78,540
Joint Sewer
05/15/86
2,100,000
Maturity
05/15/06
WATER FUND
1984
Sewer Impr
05,15/86
180,000
6.80%
1976
Water Impr. 09/01/76
234,000
6.00%
03/01/03
51,500
1983
Pub. Impr
05/01/83
172,172
7.100
06/01/98
31,460
1984
Pub. Impr
05/15/86
550,000
6.80%
05/15/06
325,000
1989
Pub. Impr
03/01/89
1,246,000
7.30%
03/01/08
872,170
1991
Pub. Impr
07/26/91
2,337,000
6.625%'
07/26/11 2,053,000
SEWER FUND
1976
Pub Impr
09/01/76
1,733,000
6.00%
03/01/03
168,500
1983
Pub Impr
05/01/83
429,828
7.10%
06/01/98
78,540
Joint Sewer
05/15/86
2,100,000
6.80%
05/15/06
1,217,000
1984
Sewer Impr
05,15/86
180,000
6.80%
05/15/06
108,000
1989
Pub Impr
03/01/89
1,334,000
7.30%
03/01/08
947,830
1991
Pub. Impr
07/26/91
2,128,000
6.625%
07/26/11
1,776,000
** Excludes SCLIWC Bond debt outstanding of 348,546 which is paid
from water benefit assessments and water rents which the Town
remits to SCLIWC.
Town of Ithaca Page 12
g. The following table summarizes the Town of Ithaca's
future debt service requirements as of December 31, 1995.
Year ended
1996
1997-2001
2002-2006
2007-2011
Principal
824,114
2,695,000
2,715,000
1,550,000
C. INTERFUND RECEIVABLES AND PAYABLES
Interfund receivables and payables
follows:
General Townwide
Capital Projects
Risk Retention
D. FUND EQUITY
Interest
517,183
1,937,268
1,033,859
270,338
at 12/31/95 were as
Receivable
100,000
10,000
Payable
110,000
1. Fund Balance
The Highway fund equity included reserve funds
established for highway machinery. The balance at the
end of 1995 was $65,550. This reserve fund was
established by the Town Board resolution on November 9,
1984, and any unexpended appropriation for machinery at
year end is to be transferred to the reserve fund. In
1995 the reserve fund was increased by $2,977 interest
earned and increased by $7,247 unexpended machinery
balance.
2. Reserves
The Capital Projects fund equity includes capital reserve
funds established 09/13/93 for buildings. the balance at
the end of 1995 was $1,360,532.
E. DEFERRED COMPENSATION PLAN
Employees of the Town of Ithaca may elect to participate in
the Copeland Companies Deferred Compensation Plan created in
accordance with Internal Revenue Code Section 457. The plan,
available to all employees, permits them to defer a portion of
their salary until future years, usually after retirement.
As of December 31, 1995 the market value of the assets of the
plan totaled $18,227. Under the terms of the plan agreement,
these monies are subject to the claims of the Town's general
creditors. Accordingly, this amount is reflected as an Agency
Fund asset along with a corresponding liability to the
employees participating in the plan. Participating employees
Town of Ithaca
Page 13
are general creditors of the Town with no preferential claim
to the deferred funds.
F. LEASE COMMITMENTS AND LEASED ASSETS
The Town of Ithaca paid off its leased equipment in 1995.
G. JOINT VENTURES
The following are activities undertaken jointly. with other
municipalities. These activities are excluded from the
financial statements of all participating municipalities.
Separate financial statements are issued for such joint
ventures.
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 an annual report under separate
cover.The joint activity serial bonds shown on the Statement
of Indebtedness, p. 100-101, is the Town of Ithaca FS 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 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.