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Home My WebLink About2009 Annual Report Submitted to the NYS ComptrollerAll Numbers in This Report Have Been Rounded To The Nearest Dollar ANNUAL FINANCIAL REPORT UPDATE DOCUMENT For The TOWN of Ithaca County of Tompkins For the Fiscal Year Ended 12/31/2009 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 *** It shall be the duty of the incumbent officer at the time such reports are required to be filed with the Comptroller to file such report *** State of NEW YORK Office of The State Comptroller Division of Local Government and School Accountability Albany, New York 12236 Page 1 TOWN OF Ithaca *** FINANCIAL SECTION *** Financial Information for the following funds and account groups are included in the Annual Financial Report filed by your government for the fiscal year ended 2008 and has been used by the OSC as the basis for preparing this update document for the fiscal year ended 2009: (A) GENERAL (B) GENERAL TOWN -OUTSIDE VG (DB) HIGHWAY -PART -TOWN (FX) WATER (G) SEWER (H) CAPITAL PROJECTS (K) GENERAL FIXED ASSETS (SF) FIRE PROTECTION (SL) LIGHTING (TA) AGENCY (V) DEBT SERVICE (W) GENERAL LONG-TERM DEBT All amounts included in this update document for 2008 represent data filed by your government with OSC as reviewed and adjusted where necessary. *** ARRA SECTION *** The American Recovery and Reinvestment Act (ARRA) section of your Annual Financial Report is designed to report revenues and expenditures of federal stimulus money for the current fiscal year ended. *** SUPPLEMENTAL SECTION *** The Supplemental Section includes the following sections: 1) Statement of Indebtedness 2) Schedule of Time Deposits and Investments 3) Bank Reconciliation 4) Local Government Questionnaire 5) Schedule of Employee and Retiree Benefits 6) Schedule of Energy Costs and Consumption All numbers in this report will be rounded to the nearest dollar. Page 2 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (A) GENERAL Balance Sheet ;Code Description ,,.�� .''2008 EdpCode-2009, ;. Assets Cash In Time Deposits 2,012,358 A201 1,964,992 Petty Cash 725 A210 725 TOTAL. Cash" 2,013,083. 1,965,717 Accounts Receivable A380 _ 724 TOTAL Other Receivables (net) 0'' 724 State & Federal, Other A410 21,142 TOTAL State And Federal Aid Receivables,0; 21',142 Due From Other Funds A391 156,843 TOTAL Due From Other Funds- , 0 156j84111 Due From Other Governments 198,883 A440 232,396 TOTAL Due From Other Governments; 198;883: 232,396` Prepaid Expenses 120,022 A480 117,260 TOTAL Prepaid. Expenses 120;022 - 117,260= Cash, Special Reserves 614,949 A230 668,740 TOTAL Restricted Assets 614,949 ' 668,740-', TOTAL.Assets2,946'937 ' 3,162,822:, Page 3 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (A) GENERAL Balance Sheet Code Description - ,_�CEdpCode : w1 2008 2009 Liabilities Accrued Liabilities 159,284 A601 248,890 TOTAL Accrued Liabilitles 159,284 248,890; Deferred Revenues " 2,035 A691 TOTAL Deferred Revenues .. 2,035 ' o• TOTAL Liabilities 161,319 248;890; General Reserve 614,949 A870 668,740 TOTAL Special Reserves= 614,949 668,740, Unreserved Fund Balance Appropriated 430,773 A910 489,461 TOTAL Unreserved -fund Balance - Appropriated ,-, 430,773' 489,4611 Unreserved Fund Balance Unappropriated 1,739,896 A911 1,755,731 TOTAL Unreserved Fund Balance,,'- Unappropriated-.,,..--,'- 1,755,731? TOTAL- Fund Equity 2,785;618 2,913,932) TOTAL Liabilities And Fund Equity = 2,946;937: " 3,162,822? Page 4 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (A) GENERAL Results of Operation TOTAL Revenues J-06781�L EdpCodeT E-^ ;2009 Revenues 339,245 TOTAL Interfund Transfers 338;671 Real Property Taxes 1,771,501 A1001 2,083,635 TOTAL Real Property Taxes 1,771,501 3,772,285 2,083,635; Other Payments In Lieu of Taxes 40,963 A1081 27,543 Interest & Penalties On Real Prop Taxes 16,049 A1090 12,559 TOTAL Real Property Tax Items 57,012: 40;102 Non Prop Tax Dist By County 493,351 A1120 416,292 TOTAL Non Property Tax Items 493,351 416,2920 Clerk Fees 3,553 A1255 3,694 Public Pound Charges, Dog Control Fees 350 A1550 310 Contributions, Private Agencies -Youth A2070 Other Home & Community Services Income 35,274 A2189 12,148 TOTAL Departmental Income 39,177 16,1521 Youth Recreation Services, Other Govts 61,909 A2350 61,055 TOTAL Intergovernmental Charges 61,909 61,055; Interest And Earnings 63,636 A2401 31,434 Rental, Other (specify) 45,779 A2440 43,495 TOTAL Use of Money And Property 109,415 74,929; Dog Licenses 11,495 A2544 29,162 TOTAL Licenses And Permits 11,495 29,162; Fines And Forfeited Bail 254,673 A2610 310,845 TOTAL Fines And Forfeitures. 254,673 310,845? Sales of Real Property A2660 Sales of Equipment A2665 Insurance Recoveries 1,399 A2680 374 TOTAL Sale of Property And Compensation For Loss 1,399 374; Refunds of Prior Year's Expenditures 111,062 A2701 8,547 Grants From Local Governments 4,000 A2706 1,400 Unclassified (specify) A2770 3,405 TOTAL Miscellaneous Local Sources, 115,062 13,352! St Aid, Mortgage Tax 372,390 A3005 341,823 ST. Aid, Records MgmT. A3060 St Aid - Other (specify) 358 A3089 2,035 St Aid -Other Cul & Rec St Aid A3889 43,284 TOTAL State Aid 372,748- 387,142: TOTAL Revenues 3,287,742 3,433,040; Interfund Transfers 338,671 A5031 339,245 TOTAL Interfund Transfers 338;671 339,245'' TOTAL Other Sources 338,671 339,245; TOTAL Detail Revenues And Other Sources 3,626,413 3,772,285 Page 5 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (A) GENERAL Results of Operation CodefDescription_ �__ [_ 2008` EdpCode.77 J 2009 u ' Expenditures Legislative Board, Pers Sery 50,011 A10101 52,262 Legislative Board, Contr Expend 3,253 A10104 5,860 TOTAL Legislative Board 53,264 58,122, Municipal Court, Pers Sery 123,734 A11101 130,159 Municipal Court, Equip & Cap Outlay A11102 2,870 Municipal Court, Contr Expend 175,417 A11104 249,875 TOTAL Municipal Court 299,151 382,904! Supervisor,pers Sery 45,967 A12201 48,036 Supervisor,equip & Cap Outlay A12202 549 Supervisor,contr Expend 1,957 A12204 1,776 TOTAL Supervisor 47,924 50,361ri Auditor, Contr Expend 5,593 A13204 13,474 TOTAL Auditor 5,593 13,474; Tax Collection,pers Sery 54,586 A13301 53,557 Tax Collection, contr Expend 4,845 A13304 9,040 TOTAL Tax Collection 59,431 62,597; Budget, Pers Sery 71,592 A13401 80,155 Budget, Equip & Cap Outlay A13402 Budget, Contr Expend 1,098 A13404 857 TOTAL Budget 72,690 81,012: Clerk,pers Sery 123,325 A14101 106,946 Clerk,contr Expend 7,154 A14104 6,614 TOTAL Clerk 130,479 113,560? Law, Contr Expend 28,773 A14204 39,411 TOTAL. Law - 28,773 39,411` Personnel, Pers Sery 114,256 A14301 121,162 Personnel,equip & Cap Outlay A14302 Personnel, Contr Expend 25,498 A14304 24,901 TOTAL Personnel 139,754 146,063; Engineer, Pers Sery 204,305 A14401 212,508 Engineer, Equip & Cap Outlay 15,815 A14402 16,565 Engineer, Contr Expend 14,220 A14404 8,059 TOTAL Engineer 234,340 237,132. Elections, Contr Expend 7,052 A14504 4,701 TOTAL Elections 7,052 4,701' Records Mgmt, PerS. SerV. 55,019 A14601 1,963 Records Mgmt, Equip & Cap Outlay A14602 Records Mgmt, Contr Expend 9,703 A14604 6,369 TOTAL Records Mgmt 64,722. 8,3321 Buildings, Pers Sery 22,075 A16201 31,525 Buildings, Equip & Cap Outlay 1,423 A16202 9,323 Buildings, Contr Expend 77,377 A16204 78,362 TOTAL Buildings 100,875 119,210 , Central Comm System, Contr Expend 3,352 A16504 3,671 TOTAL Central Comm System 3,352 3,671., Page 6 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (A) GENERAL Results of Operation Code•Descnption2008_ ...' EdpCode; _ . 2009 Expenditures Central Storeroom, Contr Expend 1,977 A16604 2,039 TOTAL Central Storeroom 1,977 2,039 Central Print & Mail, Equip & Cap Outlay 6,843 A16702 7,179 TOTAL Central Print & Mail 6,843 7,179' Central Data Process, Pers Sery A16801 57,056 Central Data Process & Cap Outlay 4,368 A16802 16,724 Central Data Process, Contr Expend 32,136 A16804 38,593 TOTAL Central Data Process • 36,504 112,373; Unallocated Insurance, Contr Expend 73,978 A19104 75,360 TOTAL Unallocated Insurance 73,9781 751360; Municipal Assn Dues, Contr Expend 1,500 A19204 1,500 TOTAL Municipal Assn Dues. 1,500 1,500., Pur of Land/right of Way, Contr Expend A19404 TOTAL Pur of Land/right of Way 0 01 Taxes & Assess On Munic Prop, Contr Expend 9,857 A19504 7,157 TOTAL Taxes & Assess On Munic Prop, 9,857 7,157 TOTAL General Government Support 1,378,059" 1;526,1584 Traffic Control, Contr Expen 22,131 A33104 20,113 TOTAL Traffic Control 22,131; 20;113 Control of Animals, Contr Expend 33,270 A35104 54,670 TOTAL Control of Animals 33,270 54,670 TOTAL Public Safety 55,401 7497831 Street Admin, Pers Sery 138,094 A50101 128,265 Street Admin, Equip & Cap Outlay 998 A50102 737 Street Admin, Contr Expend 2,103 A50104 3,343 TOTAL Street Admin 141•,195 132;345 Garage, Pers Sery 50,302 A51321 51,471 Garage, Equip & Cap Outlay 7,793 A51322 8,636 Garage, Contr Expend 55,715 A51324 62,368 TOTAL Garage 113,810 122,4751 Street Lighting, Contr Expend 32,445 A51824 28,730 TOTAL Street Lighting 32,445 28,7301 Bus Operations, Contr Expend A56304 50,000 TOTAL Bus Operations 0 50,000•- TOTAL Transportation 287,450 333,550' Recreation Admini, Pers Sery 63,066 A70201 63,742 Recreation Admini, Contr Expend 4,503 A70204 19,100 TOTAL Recreation Admini. 67,569 82,842:; Parks, Pers Sery 188,719 A71101 299,171 Parks, Equip & Cap Outlay 44,864 A71102 55,238 Parks, Contr Expend 143,499 A71104 186,243 TOTAL Parks 377,082 540,652' Playgr & Rec Centers, Contr Expend A71404 TOTAL Playgr & Rec Centers 0 0 Page 7 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (A) GENERAL Results of Operation Code Description 2008]EdpCode ` r^ -2009 Expenditures Joint Youth Prog, Contr Expend 242,317 A73204 263,976 TOTAL Joint Youth Prog 242,317 263,976 Library, Contr Expend A74104 20,000 TOTAL Library 0. 20;000^, Historian, Pers Sery 1,000 A75101 1,164 Historian, Contr Expend A75104 TOTAL Historian 1,000 1,164.1 Celebrations, Equip & Cap Outlay 2,198 A75502 3,515 TOTAL Celebrations 2,198 3,515! TOTAL Culture And Recreation 690,166 912,149 i Storm Sewers, Pers Sery 52,337 A81401 3,535 Storm Sewers, Contr Expend 60,262 A81404 56,779 TOTAL Storm Sewers 112,599 60,314; Misc Home & Comm Serv, Contr Expend 25,900 A89894 26,580 TOTAL Misc Home & Comm Sery 25,900 26,560,',: TOTAL Home And Community Services- ` 138,499 86,894 State Retirement System 121,229 A90108 106,178 Social Security, Employer Cont 102,901 A90308 109,950 Worker's Compensation, Empl Bnfts 14,080 A90408 14,069 Life Insurance, Empl Bnfts . 2,549 A90458 2,392 Unemployment Insurance, Empl Bnfts 1,193 A90508 2,665 Disability Insurance, Empl Bnfts 8,056 A90558 7,957 Hospital & Medical (dental) Ins, Empl Bnft 365,033 A90608 303,046 TOTAL Employee Benefits 615,041 546,257 TOTAL Expenditures. 3,164,616 3,479,791 Transfers, Other Funds 147,085 A99019 142,780 Transfers, Capital Projects Fund A99509 21,400 TOTAL Operating Transfers TOTAL Other Uses TOTAL Detail Expenditures And Other Uses - 147,085` 147,085 3,311,701, 164,180., 164,180:1 3,643,971 Page 8 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (A) GENERAL Changes in Fund Equity ,Code Descnptio_nEdpCode ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity -Beginning of Year 2,470,906 A8021 2,785,618 Restated Fund Equity - Beg of Year 2,470,906 A8022 2,785,618 ADD - REVENUES AND OTHER SOURCES 3,626,413 3,772,285 DEDUCT - EXPENDITURES AND OTHER USES 3,311,701 3,643,971 Fund Equity -End of Year 2,785,618 A8029 2,913,932 Page 9 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (A) GENERAL Budget Summary Code'.Description _ _. 2009`_ __ �]�EtlpCode,�2010 _ Estimated Revenues 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 TOTAL Estimated Revenues Estimated - Proceeds of Obligations Appropriated Fund Balance TOTAL Estimated Other Sources TOTAL Estimated Revenues -And Other Sources 2,083,635 A1049N 2,122,571 62,850 Al 099N 42,850 190,498 Al 199N 195,498 38,150 A1299N 36,850 55,852 A2399N 55,852 109,500 A2499N 69,000 6,500 A2599N 6,500 250,000 A2649N 250,000 185,180 A2799N 185,000 406,221 A2801 431,423 0 A3099N 30,180 3,388,386 3,425,724.' 1,220,426 A5799N 163,316 430,773 A599N 488,461 1,651,199 651,777 5,039,585 4,077,501 Page 10 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (A) GENERAL Budget Summary Code Description;2009'; _ EdpCodeT k� �_i LL 2010 Appropriations App - General Government Support 1,604,648 Al 999N 1,646,714 App - Public Safety 75,412 A3999N 278,122 App - Transportation 361,555 A5999N 367,265 App - Culture And Recreation 891,504 A7999N 916,190 App - Home And Community Services 123,660 A8999N 127,760 App - Employee Benefits 584,600 A91 99N 602,400 TOTAL Appropriations 3,641,379,"3,938,451.; App - Interfund Transfer 1,398,206 A9999N 139,050 TOTAL Other Uses 1,398,206 139,0W TOTAL Appropriations And Other Uses, 5,039,585 4,077,501:" Page 11 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (B) GENERAL TOWN -OUTSIDE VG Balance Sheet 'r-"�---" Code Description �-��--- '- �-- `._�--^ --EdpCodeu� r- - 2009 Assets Cash In Time Deposits 335,523 B201 373,521 TOTAL Cash 335,523 373,521 Accounts Receivable 915 B380 TOTAL Other Receivables (net) 915 0': Prepaid Expenses 35,458 8480 49,039 TOTAL Prepaid Expenses 35,458 49,039 Cash, Special Reserves 44,575 B230 44,843 TOTAL Restricted Assets 44,575 44,843 TOTAL Assets 416,471 467,403 Page 12 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (B) GENERAL TOWN -OUTSIDE VG Balance Sheet ,Code,Description ^�, ' .. • ;=- __ ,_.: -� .. .: . : • s ' -2008 ' EdpCode,., _:`_ 2009=,:; �. Liabilities Accrued Liabilities 91,190 B601 97,596 TOTAL Accrued Liabilities -- 91,190 97,596; TOTAL Liabilities ' 91,190 97,596; Miscellaneous Reserve (specify) 44,575 B889 44,843 TOTAL Special Reserves. 44,575•. 44,8431 Unreserved Fund Balance Appropriated 28,147 B910 43,732 TOTAL Unreserved Fund. Balance -Appropriated. 28,147• _ .43,7321 Unreserved Fund Balance Unappropriated 252,559 8911 281,232 TOTAL Unreserved Fund Balance - Unappropriated', 252,559' 281,232: TOTAL Fund Equity325,281` • 369,8077 TOTAL Liabilities And Fun&Equity. •- ; ; 416,471: 467,4031 Page 13 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (B) GENERAL TOWN -OUTSIDE VG Results of Operation Code Description. n �r r E 95 19 _2008 � _..<�EdpCode , , • m2QQ9 Revenues Sales Tax (from County) 637,981 B1120 722,964 Franchises 76,278 B1170 89,233 TOTAL -Non Property Tax Items,,714;259 812,197 Other General Departmental Income 148,710 81289 109,606 Zoning Fees 8,728 B2110 2,800 Planning Board Fees 32,777 82115 10,718 TOTAL Departmental Income . 123,124'; Youth Recreation Services, Other Govts 82350 TOTAL Intergovernmental Charges'. 0 & Interest And Earnings 2,650 B2401 1,806 TOTAL Use of Money And Property,2,650' 1,806+ Insurance Recoveries 1,080 B2680 374 TOTAL Sale of Property And Compensation For Loss...; 1,080'- 374' Refunds of Prior Year's Expenditures 53,916 B2701 -8,424 Unclassified (specify) B2770 TOTAL Miscellaneous Local Sources, 53,916: 78,424:, St Aid, State Revenue Sharing 95,198 83001 95,198 TOTAL State Aid. 95198' ' TOTAL Revenues 1,057;318:;: 1,024,275 TOTAL Detail Revenues And -Other. Sources 1,057,318-,1,024,275;; Page 14 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (B) GENERAL TOWN -OUTSIDE VG Results of Operation Code Description, ; . 2008 r . EdpCode " [ Expenditures 921,459 941,5471 Transfers, Other Funds Auditor, Contr Expend 1,215 B13204 2,002 TOTAL Auditor 1,215 37,911 2,0021 Law, Contr Expend 62,754 B14204 55,658 TOTAL Law 62,754 55,6581 Central Comm System, Contr Expend 1,518 B 16504 . 1,749 TOTAL Central Comm System 1,518 1_,749.1 Central Print & Mail, Contr Expend 1,564 B16704 1,591 TOTAL Central Print & Mail 1,564. 1,591: Central Data Process & Cap Outlay 1,997 B16802 5,332 Central Data Process, Contr Expend 16,381 B16804 20,840 TOTAL Central Data Process 18,378 26,172] Unallocated Insurance, Contr Expend 12,064 B19104 12,470 TOTAL Unallocated Insurance 12,064` - 12,470 TOTAL General Government Support 97,493- 99,642.1 Zoning, Pers Sery 184,422 B80101 241,154 Zoning, Contr Expend 9,863 B80104 20,256 TOTAL Zoning 194,285 261,410:1 Planning, Pers Sery 346,723 B80201 365,098 Planning, Contr Expend 53,911 B80204 28,498 TOTAL Planning 400,634 393,5964' TOTAL Home And Community Services 594,919 655,006i State Retirement, Empl Bnfts 35,624 B90108 35,338 Social Security, Empl Bnfts 39,604 B90308 45,658 Worker's Compensation, Empl Bnfts 1,200 B90408 3,062 Life Insurance, Empl Bnfts 998 B90458 1,062 Disability Insurance, Empl Bnfts 3,066 B90558 3,541 Hospital & Medical (dental) Ins, Empl Bnft 148,555 B90608 98,238 TOTAL Employee Benefits 229,047 186,899'1 TOTAL Expenditures 921,459 941,5471 Transfers, Other Funds 37,911 B99019 38,198 TOTAL Operating Transfers 37,911. 38;198 i TOTAL Other Uses 37,911 38198.1 TOTAL Detail Expenditures And Other Uses 959,370 979,745j Page 15 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (B) GENERAL TOWN -OUTSIDE VG Changes in Fund Equity Code. Description �` ---- — - - - _ _ - _,_ _� `_ `2008 r EdpCode _ 2009 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year 227,333 88021 325,281 227,333 B8022 325,281 1,057,318 1,024,275 959,370 979,745 325,281 88029 369,811 Page 16 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (B) GENERAL TOWN -OUTSIDE VG Budget Summary Code Description � __2009 „?-''. , d::p ode` L_ Estimated Revenues Est Rev - Non Property Tax Items 792,964 131 199N 807,964 Est Rev - Departmental Income 137,500 B1299N 109,200 Est Rev - Use of Money And Property 2,000 B2499N 2,000 Est Rev - Sale of Prop And Comp For Loss B2699N 0 Est Rev -Miscellaneous Local Sources B2799N 0 Est Rev -State Aid 89,000 B3099N 89,000 TOTAL Estimated Revenues, 1,021,464 1,008,164 Appropriated Fund Balance 28,147 B599N 43,732 TOTAL Estimated Other Sources 28,147 43,732 TOTAL Estimated Revenues And Other Sources 1,049,611 1,051,896:, Page 17 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (B) GENERAL TOWN -OUTSIDE VG Budget Summary Code Description- Appropriations App - General Government Support 77,662 B1999N 70,012 App - Home And Community Services 718,250 B8999N 697,750 App - Employee Benefits 215,500 B9199N 210,350 TOTAL Appropriations 1,011,412: 978,112. App - Interfund Transfer 38,199 B9999N 73,784 TOTAL Other Uses 38,.199 73,784 TOTAL Appropriations And Other Uses --049,611 1,051,896 Page 18 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (DB) HIGHWAY -PART -TOWN Balance Sheet qpq�qe. =009 �= Assets Cash In Time Deposits 577,441 DB201 429,524 Petty Cash 200 DB210 200 TOTAL Cash,,, 577,64V' 429,7214, Accounts Receivable D6380 7,892 TOTAL, Other. Receivables, (net) - 7,892.r. ' Due From Other Funds DB391 434- TOTAL Due From Other Funds:, 0 434 `i Due From Other Governments 1,141 D6440 TOTAL Due From Other Governments., 1,141 0": Prepaid Expenses 58,108 DB480 38,152 TOTAL Prepaid Expenses 58,108. 38i152 Cash Special Reserves 85,587 DB230 86,043 TOTAL Restricted Assets - 85087 86'0 TOTAL Assets, 722,477- 562jZ45: Page 19 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (DB) HIGHWAY -PART -TOWN Balance Sheet - — -- -- Code Description - _—�. f 2008.E EdpCode . C_`i 7 : 2009 Liabilities Accrued Liabilities 108,779 DB601 164,768 TOTAL Accrued Liabilities, 108,779 164,768'• TOTAL Liabilities 108,779 164,768; Capital Reserve 2,593 DB878 2,607 Miscellaneous Reserve (specify) 82,994 DB889 83,436 TOTAL Special Reserves 85,587 86,0431 Unreserved Fund Balance Appropriated 459,339 DB910 -268,852 TOTAL Unreserved Fund Balance - Appropriated 459,339 -268,852; Unreserved Fund Balance Unappropriated 68,772 DB911 580,286 TOTAL Unreserved Fund Balance - Unappropriated 68,772 580,2861 TOTAL Fund Equity 613,698' 3971-477' TOTAL Liabilities And Fund Equity 722,477 562,245! Page 20 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (DB) HIGHWAY -PART -TOWN Results of Operation Code Description , 2008_°-1 EdpCode .2009 Revenues Sales Tax (from County) 1,542,841 DB1120 1,448,310 TOTAL Non Property Tax Items. 1,542,841 1,448,31Q1 Transportation Services, Other Govts 24,877 DB2300 27,917 TOTAL Intergovernmental Charges. 24,877 27,917 Interest And Earnings 6,641 DB2401 2,861 TOTAL Use of Money And Property, 6,641 2,8611 Sales of Equipment 18,072 DB2665 27,902 Insurance Recoveries 1,088 DB2680 9,212 TOTAL Sale of Property And Compensation For Loss 19,160 37,114, Refunds of Prior Year's Expenditures 57,652 DB2701 -34,345 Unclassified (specify) 25 DB2770 19 TOTAL Miscellaneous Local Sources 57,677" -34;326; St Aid, Consolidated Highway Aid 74,018 DB3501 73,935 TOTAL State Aid TOTAL Revenues TOTAL Detail Revenues And Other Sources 74,018. 73,935, 1,725,214 1,555,811 1,725,214• 1,555,811 Page 21 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (DB) HIGHWAY -PART -TOWN Results of Operation Code Description__ '^2008 , • EdpCode • • _ 2009 7 Expenditures 2,006,406 1,772,032, Administration -Contractual 315 DB17104 2,647 TOTAL Administration -Contractual 315' 2,647 TOTAL General Government Support 315`' , 2,647 Maint of Streets, Pers Sery 262,450 DB51101 256,287 Maint of Streets, Contr Expend 158,885 DB51104 127,914 TOTAL Maint of Streets 421,335. 384,201•, Improvements, Pers Sery 75,255 DB51121 31,676 Perm Improve Highway, Contr Expend 240,794 DB51124 111,281 TOTAL Perm Improve Highway 316,049, 142,957, Machinery, Pers Sery 76,611 DB51301 78,158 Machinery, Equip & Cap Outlay 118,134 DB51302 163,072 Machinery, Contr Expend 85,429 DB51304 83,388 TOTAL Machinery 280,174, 324,618, Brush And Weeds, Pers Sery 255,856 DB51401 271,858 Brush And Weeds, Contr Expend 12,299 DB51404 12,431 TOTAL Brush And Weeds 268;155. 284,289.1 Snow Removal, Pers Sery 151,674 DB51421 124,257 Snow Removal, Contr Expend 104,175 DB51424 87,508 TOTAL Snow Removal 255,849 211,765, TOTAL Transportation 1,541,562 1,347,830' State Retirement, Empl Bnfts 53,214 DB90108 58,108 Social Security, Empl Bnfts. 62,515 DB90308 57,907 Worker's Compensation, Empl Bnfts 40,615 DB90408 43,127 Life Insurance, Empl Bnfts 1,393 DB90458 1,358 Unemployment Insurance, Empl Bnfts 3,346 DB90508 10,881 Disability Insurance, Empl Bnfts 3,717 DB90558 3,664 Hospital & Medical (dental) Ins, Empl Bnft 261,818 DB90608 208,312 TOTAL Employee Benefits 426,618 383,357! TOTAL Expenditures 1,968,495 1,733,834; Transfers, Other Funds 37,911 DB99019 38,198 TOTAL Operating Transfers TOTAL Other Uses TOTAL Detail Expenditures And Other Uses 37,911 38,198 37,911 38,198 2,006,406 1,772,032, Page 22 OSC Municipality Code 500342300000 (DB) HIGHWAY -PART -TOWN Changes in Fund Equity Code Description ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year Restated Fund Equity - Beg of Year ADD - REVENUES AND OTHER SOURCES DEDUCT - EXPENDITURES AND OTHER USES Fund Equity - End of Year TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 i 2008 EdpCode iI 894,890 DB8021 894,890 DB8022 1,725,214 2,006,406 613,698 DB8029 2009 613,698 613,698 1,555,811 1,772,032 397,477 Page 23 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (DB) HIGHWAY -PART -TOWN Budget Summary Code Description _ _ _ :2009< Ecl Code, LL. 2010 Estimated Revenues Est Rev - Real Property Taxes 1,448,310 DB1049N 732,568 Est Rev - Non Property Tax Items DBI 199N 1,448,310 EsT. ReV. - Intergovernmental Charges 12,000 DB2399N 12,150 Est Rev - Use of Money And Property 6,000 DB2499N 2,200 Est Rev - Sale of Prop And Comp For Loss 25,000 DB2699N 8,000 Est Rev - State Aid 74,000 DB3099N 74,000 TOTAL Estimated Revenues, 1,565,310' 2,277,228 Estimated - Proceeds of Obligations 200,000 DB5799N 302,500 Appropriated Fund Balance 459,339 DB599N -268,852 TOTAL Estimated Other Sources 659,339' 33,648 TOTAL Estimated Revenues And Other Sources- 2,224,649' 2,310,876 Page 24 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (DB) HIGHWAY -PART -TOWN Budget Summary _ Appropriations App -Transportation 1,567,850 DB5999N 1,882,550 App - Employee Benefits 418,600 DB9199N 378,300 TOTAL Appropriations . 1,986,450 2,260,850 Interfund Transfers 238,199 DB9999N 50,026 TOTAL Other Uses 238,199 - 50,026` TOTAL Appropriations And Other Uses 2,224,649 2,310,876 Page 25 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (FX) WATER Balance Sheet Code Description r Ed' . , `ti _.' _ :-2 _ pCodee 2009 i Assets Cash In Time Deposits 385,034, FX201 691,944 TOTAL Cash: ._.. 385,034 691,944 Water Rents Receivable 129,722 _ FX350 185,271 Accounts Receivable 83 FX380 TOTAL Other Receivables (net).. t' 129;805 1850271; Prepaid Expenses 12,849 FX480 4,824 TOTAL Prepaid Expenses, 12,849: 4;824 - Cash Special Reserves 13,546 FX230 13,625 TOTAL Restricted.Assets. 13,546 13,625: TOTAL Assets ' 541,234 895,664 Page 26 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (FX) WATER Balance Sheet Code Description _7 2009 ACcruea Liawities TOTAL Accrued. Liabilities, Due To Other Funds TOTAL Due r To Other Funds TOTAL Liabilities. Miscellaneous Reserve (specify) TOTAL Special Reserves Unreserved Fund Balance Appropriated .TOTAL Unreserved. Fund Balance Appropriate&,' Unreserved Fund Balance Unappropriated TOTAL Unreserved Fund.Balance, Unappropriated` TOTAL Fund Equity TOTAL Liabilities And Fund Equity, 5,508 FX601 10,116 5,50& 80 FX630 434 80" 4341 5,588 10-550] 13,546 FX889 13,625 13,546' 13,616,i 142,087 FX91 0 -210,816 142,087 380,013 FX91 1 1.082,305 380,013 1,082,305i 535,'646-'- .541,234'- 895,664; Page 27 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (FX) WATER Results of Operation 77 Code Description _ -`" �— ;, 2008 EEdpode;] j 2009 Revenues Special Assessments Ad Valorem 704,863 FX1028 696,839 TOTAL Real Property Taxes- 704,863 696,8361 Metered Water Sales 1,763,194 FX2140 2,068,910 Water Service Charges 14,055 FX2144 28,096 Interest & Penalties On Water Rents 17,037 FX2148 26,404 TOTAL Departmental Income 1,794,286 2,123,410; Service For Other Govts 440 FX2378 714 TOTAL Intergovernmental Charges 440 714; Interest And Earnings 3,733 FX2401 4,051 TOTAL Use of Money And Property 3,733, 4,051 Refunds of Prior Year's Expenditures 20,289 FX2701 -12,151 Unclassified (specify) 30,425 FX2770 TOTAL Miscellaneous Local Sources 50;714 -12,151 TOTAL Revenues 2,554,036 2,812,863 Interfund Transfers FX5031 TOTAL Interfund Transfers 0 01 TOTAL Other Sources TOTAL Detail Revenues And Other Sources 0 0 2,554,036 2,812,863' Page 28 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (FX) WATER Results of Operation Code Description �� 2008 :'�L EdpCod 2009 Expenditures Law, Contr Expend 763 FX14204 1,090 TOTAL Law 761, 1,090:; Central Print & Mail, Contr Expend 1,300 FX16704 11709 TOTAL Central Print & Mail,',1,300 • 1,709; Central Data Process & Cap Outlay 1,264 FX16802 5,333 Central Data Process, Contr Expend 16,114 FX16804 16,643 TOTAL Central Data Process 17,378 21,976' Administration -Contractual 5,054 FX17104 4,7391 TOTAL Administration -Contractual; 5,054 4,739:'+' Unallocated Insurance, Contr Expend 29,020 FX19104 25,064 TOTAL Unallocated Insurance 29,020 25,064' TOTAL General Government Support 53,515' 54,578; Water Administration, Pers Sery Water Administration, Contr Expend 36,943 FX83101 38,305 FX83104 -- TOTAL Water Administration 36,943' 38;305^ Water Trans & Distrib, Pers Sery Water Trans & Distrib, Equip & Cap Outlay 113,616 FX83401 76,474 Water Trans & Distrib, Contr Expend 19,689 FX83402 27,707 192,126 FX83404 153,648 TOTAL Water Trans & Distrib 325,431, 257,829' Common Water Supply, Contr Expend 1,148,627 FX83504 1,264,989 TOTAL Common Water Supply- 1,148;627. 1,264,989=1 TOTAL Home And Community Services, 1,511;001 1;561,123`1 State Retirement, Empl Bnfts Social Security, Empl Bnfts 15,616 FX90108 12,849 Workers Compensation, Empl Bnfts 11,276 FX90308 8,722 Life Insurance, Empl Bnfts 5,590 FX90408 2,949 Unemployment Insurance, Empl Bnfts 369 FX90458 354 Disability Insurance, Empl Bnfts 519 FX90458 1,687 Hospital &Medical (dental) Ins, Empl Bnft 1,052 FX90558 991 43,156 FX90608 52,712 TOTAL Employee Benefits 77;578' 80,264; TOTAL Expenditures 1,642,094•, 1,695,965; Transfers, Other Funds 859,518 FX99019 767,430 TOTAL Operating Transfers 859,518 767,430-, TOTAL Other Uses 859,518, 767,430'1 TOTAL Detail Expenditures And Other Uses 2,501,612' 2,463,395+ Page 29 OSC Municipality Code 500342300000 TOWN OFIthaca Annual Update Document For the Fiscal Year Ending 2009 (FX) WATER Changes in Fund Equity ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity ' Beginning cxYear 483,222 FX8021 535e46 Restated Fund Equity ' Beg o,Year 483.222 pX8022 535.646 ADD ' REVENUES AND OTHER SOURCES 2.554.036 2.812.863 DEDUCT ' EXPENDITURES AND OTHER USES 2.501.612 u.*on.uos Fund Equity ' End ofYear 535.646 FXoVue 88e.114 Page 30 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (FX) WATER Budget Summary Code Description ,' _ ;. � 2009 Ed"pCode 20,10 Estimated Revenues1 Est Rev - Real Property Taxes 689,739 FX1049N 686,335 Est Rev - Real Property Tax Items 7,100 FX1099N 7,361 Est Rev- Departmental Income 1,717,677 FX1299N 1,985,000 Est Rev -Intergovernmental Charges 500 FX2399N 500 Est Rev - Use of Money And Property 5,300 FX2499N 4,000 TOTAL Estimated Revenues- 2,420,316- 2,683;196 Estimated - Proceeds of Obligations 2,250,000 FX5799N 3,160,000 Appropriated Fund Balance 142,087 FX599N -210,816 TOTAL Estimated Other Sources _ _ 2,392;087 2,949,184 - TOTAL. Estimated Revenues Other Sources' 4,812,403, -And 5,632;380; Page 31 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (FX) WATER Budget Summary Code Description 2009;..�i.. EdpCode' Appropriations App - General Government Support 60,893 FX1999N 53,373 App -Home And Community Services 3,892,704 FX8999N 4,787,930 App - Employee Benefits 89,400 FX9199N 53,400 TOTAL Appropriations 4,042,997 4,894,703 App - Interfund Transfer 769,406 FX9999N 737,677 TOTAL Other Uses 769,406 737,67T TOTAL Appropriations And Other Uses_ 4,812,403 5,632,380, Page 32 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (G) SEWER Balance Sheet o e escnption - --- -- 2008 Ed Code,` 2009 Assets Cash In Time Deposits 748,253 G201 1,383,083 TOTAL Cash 748,253 1,383;083 Sewer Rents Receivable 131,124 G360 139,725 TOTAL Other Receivables (net) 131,124 139,725'% Due From Other Funds 80 G391 TOTAL Due From Other Funds, 80 Prepaid Expenses 7,425 G480 2,430 TOTAL Prepaid Expenses 7,425 2,430 Cash Special Reserves 7,716 G230 7,764 TOTAL Restricted Assets. 7,716 7764, Misc Current Assets 1,125,725 G489 TOTAL Other 11125;725 0 TOTAL Assets . 2;020,323 1,533,0024; Page 33 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (G) SEWER Balance Sheet ;Code.Description,: Liabilities Accrued Liabilities 2,553 G601 9,425 TOTAL Accrued Liabilities Y 2,553.. - 9,425' Due To Other Funds G630 ;. TOTAL Due To Other, Funds - 0 0; TOTAL Liabilities. 2;553; 9,425' Miscellaneous Reserve (specify) 7,716 G889 7,764 TOTAL Special Reserves = 7,718' -` 7,764 Unreserved Fund Balance Appropriated --. 552,606 G910 796,192 TOTAL, Unreserved Fund Balance - Appropriated :. - 552;606." . 7911;1921 Unreserved Fund Balance Unappropriated 1,457,448 G911 719,621 TOTAL Unreserved Fund Balance - Una Unappropriated" 1,457,448"719621;' TOTAL Fund Equity?2,017;770:. 1,521577 TOTAL Liabilities And Fund Equity 2,020,323 1,533,OOZr Page 34 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (G) SEWER Results of Operation Code Description Revenues Special Assessments TOTAL Real Property Taxes Sewer Rents Interest & Penalties On Sewer Accts TOTAL Departmental Income, Misc Revenue, Other Govts TOTAL Intergovernmental Charges Interest And Earnings TOTAL Use of Money And Property Insurance Recoveries TOTAL Sale of Property And Compensation For Loss Refunds of Prior Year's Expenditures TOTAL Miscellaneous Local Sources TOTAL Revenues TOTAL Detail Revenues And Other Sources _. 2008('. EdpCode<: 0'2009 154,863 G1030 153,219 154,863 - 153,219, 1,293,645 G2120 1,297,319 1,369 G2128 14,409 1,295,014- . 1,311,7281 G2389 1,284 0 1,284 72,721 G2401 54,731 72,721 54,731. G2680 0 0, G2701 -7,782 �',. -7,782' 1,522,598 1,513,180.• 1,522,598, 1,513,180: Page 35 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (G) SEWER Results of Operation 259,7664 350,008` 259,7661 Code:DescRp—ton [E , -.2009 2: Expenditures Administration -Contractual 40,664 G17104 50,983 TOTAL Administration -Contractual 40,664 50,983'r - TOTAL General Government Support 40,664 Sewer Administration, Pers Sery 50,983; Sewer Administration, Equip & Cap Outlay 21,621 G81101 22,415' Sewer Administration, Contr Expend G81102 G81102 TOTAL Sewer Administration Sanitary Sewers, Pers Sery 21,621. _ 22,415 Sanitary Sewers, Equip & Cap Outlay 54,410 G81201 95,467 Sanitary Sewers, Contr Expend 19,689 G81202 27,179 105,009 G81204 225,160 TOTAL Sanitary Sewers, Joint Sewer Project, Contr Expend 179;108 347,806, 1,010,443 G81504 1,287,505 TOTAL Joint Sewer Project 1,010,443 1,287,505' TOTAL Home And Community Services 1,211,172 1,657,726 State Retirement, Empl Bnfts Social Security , Empl Bnfts 8,806 G90108 7,425 Worker's Compensation, Empl Bnfts 5,685 G90308 8,957 Life Insurance, Empl Bnfts 687 G90408 2,321 Unemployment Insurance, Empl Bnfts 216 G90458 206 Disability Insurance, Empl Bnfts 130 G90508 422 Hospital & Medical (dental) Ins, Empl Bnft 623 G90558 605 18,179 G90608 18,962 TOTAL Employee Benefits 34,326 38,898 TOTAL Expenditures 1,286,162 1,747,607 Transfers, Other Funds 259,766 G99019 350,008 G99019 Transfers, Capital Projects Fund TOTAL Operating Transfers TOTAL Other Uses TOTAL Detail Expenditures And Other Uses 350,008 -. 259,7664 350,008` 259,7661 1,636,170' 2,007,3731 Page 36 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (G) SEWER Changes in Fund Equity �1EE__: 2008 =:J EdpCode .2009 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 2,131,342 G8021 2,017,770 Restated Fund Equity -.Beg of Year 2,131,342 G8022 2,017,770 ADD - REVENUES AND OTHER SOURCES 1,522,598 1,513,180 DEDUCT- EXPENDITURES AND OTHER USES 1,636,170 2,007,373 Fund Equity - End of Year 2,017,770 G8029 1,523,577 Page 37 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (G) SEWER Budget Summary Code Description 2009=: F Ed` Code 2010 Estimated Revenues Est Rev - Real Property Taxes 146,119 G1049N 145,362 Est Rev - Real Property Tax Items 7,100 G1099N 7,422 Est Rev - Departmental Income 1,427,000 G1299N 1,295,000 Est Rev -Intergovernmental Charges 1,284 G2399N 0 Est Rev - Use of Money And Property 54,000 G2499N 40,000 TOTAL Estimated Revenues 1,635,503' 1,487,784 Appropriated Fund Balance 552,606 G599N 796,192 TOTAL Estimated Other Sources 552,606,' 796,192. TOTAL Estimated Revenues And Other Sources, 2,1881109` 2,283,976 Page 38 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (G) SEWER Budget Summary --_____—._ Ed piC 2010 Appropriations _.._,. e_) _ ..�___._._. App - General Government Support 49,593 G1999N 45,553 App - Home And Community Services 1,836,230 G8999N 1,937,590 App - Employee Benefits 42,520 G9199N 20,200 TOTAL Appropriations 1,928,343 2,003,343 App - Interfund Transfer 259,766 G9999N 280,633 TOTAL Other Uses 259,766 280,633 • TOTAL Appropriations And Other Uses 2,188,109 21283,976 Page 39 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (H) CAPITAL PROJECTS Balance Sheet Code_Description: ej� '2008�;��EtlpCode�� 2009 Assets Cash In Time Deposits 205,891 H2O1 575,488 TOTAL Cash 205,891 1 575;488 State & Federal Receivables H410 756 TOTAL State And Federal Aid Receivables 0 756 TOTAL Assets: 205,891"576,244+ Page 40 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (H) CAPITAL PROJECTS Balance Sheet ,-6de escrii ti nl,, L 20081/��,- Liabilities Accrued Liabilities 421,096 H601 7,175 TOTAL Accrued Liabilities 421,096 7,1751 Bond Anticipation Notes Payable 1,125,725 H626 424,000 TOTAL Notes Payable - 1,125,725, 424,000i Due To Other Funds H630 1153,502 TOTAL Due To Other Funds 0 153,5021 TOTAL Liabilities 1,,546,821 584,677. Unreserved Fund Balance Unappropriated -1,340,930 H911 -8,433 TOTAL Unreserved Fund Balance - Unappropriated .1,340,930 -8,431 TOTAL Fund Equity,, .1,340,930 -8,4331 TOTAL Liabilities And Fund Equity 205,891 576,244. Page 41 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (H) CAPITAL PROJECTS Results of Operation 324,1001 H5031 21,400 Code`Description ;; = _ _ - 1EI--'2008_ ' _ EdpCode�[`' 2009_° Revenues 91,276 H5731 61,482 91,276:, Interest And Earnings 7,400 H2401 1,936 TOTAL Use of Money And Property 7,400' 1,936 i Refunds of Prior Year's Expenditures H2701 277,672 Grants From Local Governments H2706 42,800 TOTAL Miscellaneous Local Sources " . U 320,472; St Aid, Trans Cap Grants (spec) 6,001 H3597 756 TOTAL State Aid- 6,001. 756 Fed Aid - Cap Projects H4097 936 TOTAL Federal Aid 0 936i TOTAL Revenues Interfund Transfers TOTAL Interfund. Transfers Serial Bonds Bans Redeemed From Appropriations TOTAL Proceeds of Obligations TOTAL Other Sources - TOTAL Detail Revenues And Other Sources 13,401 324,1001 H5031 21,400 01 21,4001 H5710 1,125,000 91,276 H5731 61,482 91,276:, 1,186,482:, 91,276 1,207,882,, 104,677= 1,531,982; Page 42 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (H) CAPITAL PROJECTS Results of Operation Code Description�—�-- _—_—� 2008--.,' . 2009 Expenditures ,EdpCode;,:,.,, Traffic Control, Equip & Cap Outlay H33102 116,481 TOTAL Traffic Control 0 116,481 TOTAL Public Safety 0 116,481; Parks, Equip & Cap Outlay 6,604 H71102 22,136 TOTAL Parks 6,604 22;136] TOTAL Culture And Recreation 6,604 22,136! Sewer, Equip & Cap Outlay 704,018 H81972 TOTAL Sewer 704,018. O t Water Capital Projects, Equip & Cap Outlay H83972 724 TOTAL Water Capital Projects 0 724 TOTAL Home And Community Services-- 704,018. 724;, TOTAL Expenditures 710,622 139,341 TOTAL Detail Expenditures And Other Uses 710,622 139,341': Page 43 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (H) CAPITAL PROJECTS Changes in Fund Equity --- -- 2008 SIL _EdpCodey-,� 2 g ANALYSIS OF CHANGES IN FUND EQUITY _y .. Fund Equity - Beginning of Year -734,985 H8021 -1,340,930 Prior Period Adj.- Increase In Fund Equity Restated Fund Equity - Beg of Year H8012 -60,144 ADD - REVENUES AND OTHER SOURCES -734,985 H8022 -1,401,074 DEDUCT - EXPENDITURES AND OTHER USES 104,677 1,531,982 Fund Equity - End of Year 710,622 139,341 -1,340,930 H8029 -8,433 Page 44 OSC Municipality Code 500342300000 TOWN OF ITHACA CAPITAL PROJECT FUND DETAILED BALANCE SHEET DECEMBER 31, 2009 ACCOUNT DESCRIPTION ACTIVE PROJECTS TOTAL First Street Forest Home Warren Road Gateway Trumansburg Rd Hanshaw Rd Interceptors Traffic Calming Walkway Trail Water Water (76,206) $ 86,355 $ 64,096 $ 40,245 (8,433) Main Main AbbhIb CASH CASH IN SAVINGS TOTAL CASH OTHER RECEIVABLES DUE FROM OTHER FUNDS STATE & FEDERAL RECEIVABLE TOTAL RECEIVABLES TOTAL ASSETS LIABILITIES & FUND BALANCE LIABILITIES ACCOUNTS PAYABLE ACCRUED LIABILITIES RETAINAGE BAN PAYABLE DUE TO OTHER FUNDS TOTAL LIABILITIES FUND BALANCE RESERVE FOR ENCUMBRANCES UNAPPROPRIATED FUND BALANCE TOTAL FUND BALANCE TOTAL LIABILITIES & FUND EQUITY $ 5,057 $ 25,522 $ 354,197 $ 86,355 $ 64,112 $ 40,245 $ 575,488 $ 5,057 $ 25,522 $ 354,197 $ 86,355 $ 64,112 $ 40,245 $ 575,488 756 - - - 756 756 - - - 756 $ 5,057 $ 25,522 $ 354,953 $ 86,355 $ 64,112 $ 40,245 $ 576,244 7,159 - 16 - 7,175 - - 424,000 - - - 424,000 153,502 - - - - - 153,502 153,502 - 431,159 - 16 - 584,677 (148,445) 25,522 (76,206) 86,355 64,096 40,245 (8,433) $ (148,445) $ 25,522 $ (76,206) $ 86,355 $ 64,096 $ 40,245 (8,433) $ 5,057 $ 25,522 $ 354,953 $ 86,355 $ 64,112 $ 40,245 $ 576,244 Page 44A TOWN OF ITHACA CAPITAL PROJECT FUND DETAILED REVENUE and EXPENDITURES DECEMBER 31, 2009 REVENUE INTEREST EARNINGS ACTIVE PROJECTS 772 $ 449 $ 241 $ First Street Forest Home Warren Road Gateway Trumansburg Rd Hanshaw Rd RESOURCES and EXPENDITURES Interceptors Traffic Calming Walkway Trail Water Water TOTAL - - - - - STATE & FEDERAL GRANT - - Main Main 1,691 REVENUE INTEREST EARNINGS $ 270 $ 70 $ 772 $ 449 $ 241 $ 134 $ 1,936 REFUND OF PRIOR YEARS 216,710 - - - 34,012 26,838 277,560 INTERFUND TRANSFERS - 21,400 - - - - 21,400 CONTRACT RECOVERY - - - - - - - STATE & FEDERAL GRANT - - 755 936 - - 1,691 BOND PROCEEDS - - - - 675,675 510,900 1,186,575 LOCAL RESOURCES - 42,800 - - - - 42,800 TOTAL CAPITAL RESOURCES $ 216,980 $ 64,270 $ 1,527 $ 1,385 $ 709,928 $ 537,872 1,531,962 EXPENDITURES ROAD CONSTRUCTION $ - $ - $ - $- LANDSCAPING - - - - - - - LAND & RIGHT -A -WAY - - 1,250 - - - 1,250 SEWER CONSTRUCTION CONTRACT - - - - - - - GENERAL CONSTRUCTION CONTRACT - - 75,169 - - - 75,169 PARK & DEVELOPMENT COSTS ENGINEERING DESIGN - 38,747 - - - - 38,747 CONTRACT ADMINISTRATION - - - - 5,154 3,891 9,045 NETWORK DESIGN & INSTALLATION - - - - - - - BIDDING PROCESS - - - - - - - WATER CONSTRUCTION CONTRACT - - - - - - - TESTING - - - - - - - SURVEY - - - - - - - INSPECTION - - - - - - - LEGAL SERVICES - - 1,055 - 7,459 5,616 14,130 ARCHITECTURAL FEES - - - - - - - TOTAL CAPITAL EXPENDITURES $ - $ 38,747 $ 77,474 $ - $ 12,613 $ 9,507 138,341 E E TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (K) GENERAL FIXED ASSETS Balance Sheet Code Description '-77 �� -�u-_��-"�'�� `—_.��,..`�,��2008 •�_�; EdpCade]� Assets • .2009 Land 186,552 K101 186,552 Buildings 3,959,826 K102 4,001,313 Improvements Other Than Buildings 355,645 K103 365,992 Machinery &Equipment 3,352,815 K104 3,604,746 Construction Work In Progress 1,485,753 K105 1,546,636 Infrastructure 6,339,149 K106 6 411 528 TOTAL Fixed Assets (net), 15,679'740 16,116,767 TOTAL Assets. 15,679,740-1--16,116,7671 Page 45 OSC Municipality Code 500342300000 0 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (K) GENERAL FIXED ASSETS Balance Sheet Code Description ]�EdpCode 2009 Fund Equity Total Non -Current Govt Assets 15,679,740 K159 16,116,767 TOTAL Investments in Non-Current:Government Assets 15,679,740 16,116,76T TOTAL Fund Equity 15,679,740 16,116,767' TOTAL Liabilities.And Fund Equity 15,679,740t 16,116,767: Page 46 OSC Municipality Code 500342300000 pq .J TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (SF) FIRE PROTECTION Balance Sheet Code Description . 2008_ � _�' EdpCode Assets Cash In Time Deposits 604,522 SF201 1,017,136 TOTAL Cash 604,522 _ 1,017,136 TOTAL Assets. 604,522 1,017,136 Page 47 OSC Municipality Code 500342300000 • TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (SF) FIRE PROTECTION Balance Sheet ;Code Description[ _ 2008 -" . EdpCode _ 2009;71 Liabilities Accrued Liabilities 450,003 SF601 500,767 TOTAL Accrued Liabilities 450,003, 500,767, TOTAL Liabilities . 450,003 500,767 Unreserved Fund Balance Appropriated SF910 260,228 TOTAL Unreserved Fund Balance - Appropriated. 0 260,2281 Unreserved Fund Balance Unappropriated 154,520 SF911 256,141 TOTAL Unreserved Fund Balance - Unappropriated 154,520" , - 256;141' TOTAL Fund Equity 154,5201L 516,369 TOTAL Liabilities -And Fund Equity 604,523. 1,017,136 Page 48 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (SF) FIRE PROTECTION Results of Operation ;Code Description _ems _� _ _ '- 2008=CEdpCode ],f 2009 Revenues Real Property Taxes 3,008,606 SF1001 3,594,376 TOTAL Real Property Taxes. ` 3,008,606'1 3,594,376; Other Payments In Lieu of Taxes 9,580 SF1081 8,804 TOTAL Real Property Tax Items 9,580` 8,804, Other Public Safety Departmental Income 18,258 SF1589 19,335 TOTAL Departmental Income 18,258E 19,3351' Interest And Earnings 48,101 SF2401 21,842 TOTAL Use of Money And Property Refunds of Prior Year's Expenditures TOTAL Miscellaneous Local Sources TOTAL Revenues TOTAL Detail Revenues And Other Sources 0 48,101 21,842; SF2701 278 01 278' 3,084,545• 3,644,635 3,084,545`•. 3,644,635'. Page 49 OSC Municipality Code 500342300000 • TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (SF) FIRE PROTECTION Results of Operation ;Code Description= -.2008 E 2009 ,.,. LdpGode ;. Expenditures Fire Protection, Contr Expend 3,231,487 SF34104 3,282,786 TOTAL Fire Protection 3;231,487 3,282,78f TOTAL Public Safety 3,231,487 3,282,786= TOTAL Expenditures 3,231,487 3,282,786: TOTAL Detail Expenditures And Other Uses 3,231,487. 3,282,786: Page 50 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (SF) FIRE PROTECTION Changes in Fund Equity 2008 Ed Code`- 2009 _�:::�: �P.� _.� ANALYSIS OF CHANGES IN FUND EQUITY �� Y Fund Equity - Beginning of Year 301,462 SF8021 154,520 Restated Fund Equity - Beg of Year 301,462 SF8022 154,520 ADD - REVENUES AND OTHER SOURCES 3,084,545 3,644,635 DEDUCT- EXPENDITURES AND OTHER USES 3,231,487 3,282,786 Fund Equity - End of Year 154,520 SF8029 516,369 Page 51 OSC Municipality Code 500342300000 • TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (SL) LIGHTING Balance Sheet -- — �Code Description`s 2008,[ dip e- cod[u.2009 . Assets Cash In Time Deposits 13,411 SL201 14,445 TOTAL`Cash 13,411.,-- 14,445 i TOTAL Assets . 13,411 14,44&:, Page 52 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (SL) LIGHTING Balance Sheet ty, Code b6scrflptjd��7 Fund Equity Unreserved Fund Balance Appropriated SL910 6,458 TOTAL Llueseriied Fund Balance. -Appropriated.- 0. 6,4-581 Unreserved Fund Balance Unappropriated 13.411 SL911 7,987 TOTAL. Uhrese'rVed Fund Balance, Unappr6priated" 13,411 71987, TOTAL Fund Equity, 13,411, 14,445 TOTAL Liabilities And Fund Equity 13,'411 14,445 Page 53 OSC Municipality Code 500342300000 0 TOWN OF ITHACA LIGHTING DISTRICT FUNDS DETAILED BALANCE SHEET DECEMBER 31, 2009 ACCOUNT DESCRIPTION ACCOUNT ACTIVE LIGHTING DISTRICTS TOTAL Forest Home Glenside Renwick Heights Eastwoodover Commons Lane Winners Circle Burleigh Drive West Haven Road Coddington Road ASSETS CASH CASH IN SAVINGS 202 $ 2,853 $ 1,440 $ 1,997 $ 2,843 $ 388 $ 951 $ 622 $ 2,260 $ 1,091 $ 14,445 TOTAL CASH $ 2,853 $ 1,440 $ 1,997 $ 2,843 $ 388 $ 951 $ 622 $ 2,260 $ 1,091 $ 14,445 OTHER RECEIVABLES - STATE & FEDERAL RECEIVABLE 410 TOTAL RECEIVABLES - - - - - - _ _ _ _ TOTAL ASSETS $ 2,853 $ 1,440 $ 1,997 $ 2,843 $ 388 $ 951 $ 622 $ 2,260 $ 1,091 $ 14,445 LIABILITIES & FUND BALANCE LIABILITIES ACCOUNTS PAYABLE 600 - - - - - - _ _ _ _ ACCRUED LIABILITIES 601 - - TOTAL LIABILITIES - - FUND BALANCE RESERVE FOR ENCUMBRANCES 821 - - UNAPPROPRIATED FUND BALANCE 909 2,853 1,440 1,997 2,843 388 951 622 2,260 1,091 14,445 TOTAL FUND BALANCE $ 2,853 $ 1,440 $ 1,997 $ 2,843 $ 388 $ 951 $ 622 $ 2,260 $ 1,091 14,445 TOTAL LIABILITIES & FUND EQUITY $ 2,853 $ 1,440 $ 1,997 $ 2,843 $ 388 $ 951 $ 622 $ 2,260 $ 1,091 $ 14,445 Page 53A TOWN OF ITHACA LIGHTING DISTRICT FUNDS DETAILED REVENUE and EXPENDITURES DECEMBER 31, 2009 RESOURCES and EXPENDITURES ACTIVE LIGHTING DISTRICTS TOTAL Forest Glenside Renwick Eastwood Clover Winner's Burleigh West Haven Coddington Home Heights Commons Lane Circle Drive Road Road REVENUE REAL PROPERTY TAXES INTEREST EARNINGS TOTALRESOURCES EXPENDITURES ADVANTAGE ENERGY, INC. TOTAL EXPENDITURES C, $ 1,960 $ 760 $ 1,060 $ 2,245 $ 266 $ 800 $ 910 $ 2,930 $ 1,731 $ 12,662 19 9 12 19 3 6 5 17 8 98 $ 1,979 $ 769 $ 1,072 $ 2,264 $ 269 $ 806 $ 915 $ 2,947 $ 1,739 $ 12,760 $ 1,815 $ 705 $ 986 $ 2,071 $ 249 $ 738 $ 845 $ 2,710 $ 1,607 $ 11,726 $ 1,815 $ 705 $ 986 $ 2,071 $ 249 $ 738 $ 845 $ 2,710 $ 1,607 $ 11,726 Page 53B TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (SL) LIGHTING Results of Operation Code�Description 2 E ' 2009" Revenues Real Property Taxes 12,132 SL1001 12,662 TOTAL Real Property.Taxes 12,132. 12,6621 Interest And Earnings 138 SL2401 98 TOTAL Use of Money And Property 138 98; TOTAL Revenues' 12;270' 12,760 i TOTAL Detail, Revenues And Other Sources. 12,270- 12,760" Page 54 OSC Municipality Code 500342300000 • 0 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (SL) LIGHTING Results of Operation Code: Description 2008 :EdpCode 2009, , Expenditures Street Lighting, Contr Expend 12,848 SL51824 11,726 TOTAL Street Lighting 12,848 11,726; TOTAL Transportation •. 12,848 11,7261 TOTAL Expenditures 12,848. 11,726; TOTAL Detail Expenditures And Other Uses 12,848• 11,726! Page 55 OSC Municipality Code 500342300000 (SL) LIGHTING Changes inFund Equity ANALYSIS OpCHANGES |NFUND EQUITY Fund Equity ' Beginning of Year Restated Fund Equity ' Beg vmYear ADD ' REVENUES AND OTHER SOURCES DEDUCT ' EXPENDITURES AND OTHER USES Fund Equity ' End o,Year is 40 TOWN OFIthaca Annual Update Document For the Fiscal Year Ending 2UUQ 13,989 aL8021 13,411 13,98e aLuoou 13,411 12.270 12.760 12,848 11,726 13,411 SL8029 14,445 Page 56 OGCMunicipality Code 5UU3423OOUOO TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (TA) AGENCY Balance Sheet ;Code -Description �_ - _- 2008EdpCode ;t" 2009. Assets Cash 58,489 TA200 96,008 TOTAL Cash 58,4897 96,008 TOTAL Assets 58,489 96,008 Page 57 OSC Municipality Code 500342300000 • • TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (TA) AGENCY Balance Sheet Code -Description `, ; v - _ '2008 J EdpCode 2009 Liabilities Due To Other Funds TA630 3,341 TOTAL Due To Other Funds 0 3,341; Consolidated Payroll 13 TA10 7,942 Disability Insurance 666 TA19 641 Group Insurance 11,793 TA20 5,923 Guaranty & Bid Deposits 1,526 TA30 140 Other Funds (specify) 44,491 TA85 78,021 TOTAL Agency Liabilities 589489' ' - 92,667' TOTAL Liabilities` 58,489 - 96,008; TOTAL Llabilities And Fund Equity 58,489; 96,008; Page 58 OSC Municipality Code 500342300000 40 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (V) DEBT SERVICE Balance Sheet .2008 „"� fk EdpCode,. JG, 2009 Assets Cash In Time Deposits 54,112 V201 84,884 TOTAL Cash 54;112, 84,8841, TOTAL Assets 54,112 84,884; Page 59 OSC Municipality Code 500342300000 0 0 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (V) DEBT SERVICE Balance Sheet Code Description — _. , 2008. ; ° EdpCode p=Code Fund Equity Unreserved Fund Balance Unappropriated 54,112 V911 84,884 TOTAL Unreserved Fund Balance - Unappropriated. 54;112. 84,884 TOTAL Fund Equity 54,112. 84,884 TOTAL Liabilities,And'Fund Equity. 54,112 84,884 Page 60 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (V) DEBT SERVICE Results of Operation Code. Description;_ :`f20'08`EdpCode';•' ' ;"2009 '• _ Revenues Interest And Earnings 3,470 V2401 2,873 TOTAL Use of Money And Property 3,470 2,873,, TOTAL Revenues - 3,470 2,873; Interfund Transfers 1,093,762 V5031 907,127 TOTAL Interfund Transfers 1,093,762.: 907,1271 TOTAL.Other Sources - 1,093,762. 907,127, TOTAL Detail Revenues And Other Sources 1,097,232• 910,000 Page 61 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (V) DEBT SERVICE Results of Operation Poe, Description 2008',=EdpCode 2009 j Expenditures Fiscal Agents Fees, Contr Expend 1,484. V13804 1,944 TOTAL Fiscal.Agents Fees. 1,484 1,944°! TOTAL GenerabGovernment.Support:: 1,484 1,944, Debt Principal, Serial Bonds 717,000 V97106 577,000 Debt Principal, Bond Anticipation Notes 91,276 V97306 61,482 TOTAL Debt Principal ., - 8081276, 638,482 Debt Interest, Serial Bonds 283,586 V97107 238,802 TOTAL Debtlnterest :` ::' 283,586'' 238,802; TOTAL Expenditures ,., 1,093,346.. 879,228' TOTAL Detail Expenditures And Other Uses 1,093,346 879,228 Page 62 OSC Municipality Code 500342300000 • Page 63 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (V) DEBT SERVICE Changes in Fund Equity C_ode.Descnption r ��: .2008 EdpGode,. ;`2009 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity - Beginning of Year 50,226 V8021 54,112 -` Restated Fund Equity - Beg of Year 50,226 V8022 54,112 ADD - REVENUES AND OTHER SOURCES 1,097,232 910,000 DEDUCT- EXPENDITURES AND OTHER USES 1,093,346 879,228 Fund Equity - End of Year 54,112 V8029 84,884 • Page 63 OSC Municipality Code 500342300000 TOWN OF ITHACA SUMMARY OF SHORT and LONG TERM DEBT OUTSTANDING PRW(`IPAi Amn imTPRPCT ISSUE ORIGINAL DEBT INT RATE MATURITY DATE DEBT OUTSTANDING 98,398 1991 Public Imp SERIAL - Water & Sewer Infrastructure $ 7,767,231 6.625% 7/26/11 $ 2003 Public Imp SERIAL - Public Worls Facility - 46,920 1,295,223 DEBT 12/29/17 ISSUED 2004 Bostwick Rd Wtr Tank & Transmission Main SERIAL - Water Infrastructure 44,500 1/1/2007 2007 2008 2009 2010 2011 2012 2013 2014 2015 OUTSTANDING 1,079,438 562,160 3.600% 10/1/15 68,640 2006 - Public Imp SERIAL - Public Works Facility 64,320 240,000 3.760% 1/7/11 80,930 2007 Trumansburg Road Water Main Imp BAN -100%- $524,000 - - 2016 - 2024 CONSOLIDATED 101,889 99,085 96,280 1,087,492 98,398 1991 Public Imp SERIAL - Water & Sewer Infrastructure $ 7,767,231 6.625% 7/26/11 $ 2003 Public Imp SERIAL - Public Worls Facility - 46,920 1,295,223 3.950% 12/29/17 47,500 2004 Bostwick Rd Wtr Tank & Transmission Main SERIAL - Water Infrastructure 44,500 1,311,370 3.880% 2/12/19 - 2004 Public Improvement SERIAL - Water Infrastructure - 2,912,750 4.346% 5/15/24 145,750 2004 Phase II Sth Hill Wtr Main Transmission SERIAL - Water Infrastructure 1,079,438 562,160 3.600% 10/1/15 68,640 2006 - Public Imp SERIAL - Public Works Facility 64,320 240,000 3.760% 1/7/11 80,930 2007 Trumansburg Road Water Main Imp BAN -100%- $524,000 - - 4.500% 10/3/08 (1,500) 2007 Hanshaw Road Water Main Imp BAN - 100% - $693,000 - 4.50% 10/3/08 100,400 2008 Trumansburg Road Water Main Imp BAN -100% - $524,000 907,800 - 4.750% 10/3/09 2008 Hanshaw Road Water Main Imp BAN -100% - $693,000 - 4.75% 10/3/09 2009 Public Improvement (Serial) Bonds - $1,125,000 $1,125,000 4.00% 10/1/24 (Trumansburg & Hanshaw Rd Water Main Improvement Project) I - TOTAL $ 15,213,734; 1$ GENERAL TOWNWIDE FUND 2003 Public Imp SERIAL - Public Worls Facility -100% $ 1,295,223 3.950% 12/29/17 $ 2006 - Public Imp SERIAL - Public Works Facility -100% 240,000 3.750% 1/7/11 TOTAL $ 1,535,223 1 $ WATER FUND 1991 Public Imp SERIAL - 52% 4,038,960 6.625% 7/26/11 2004 Bostwick Rd Water Tank & Transmission Main SERIAL -100% 1,311,370 3.880% 2/12/19 2004 Public Improvement SERIAL - 100% 2,912,750 4.346% 5/15/24 2004 Phase 11 South Hill Water Transmission Imp SERIAL -100% 562,160 3.600% 10/1/15 2007 Trumansburg Road Water -Main Imp BAN -100%- I YR RENEWAL - 2007 Hanshaw Road Water Main Imp BAN -100%-1 YR RENEWAL - 2009 Public Improvement (Serial) Bonds - $1,125,000 $1,125,000 4.00% 10/1/24 (Trumansburg & Hanshaw Rd Water Main Improvement Project) -- ----- - --------- TOTAL _ $ 9,950,240 ` $ SEWER FUND 1991 Public Imp SERIAL - 48% 3,728,271 6.625% 07/26/11 --__-- -- 3,728,271 $ TOTAL DEBT $ 15,213,734' $ N 1,498,438 $ 332,813 $ 316,250 $ 299,688 967,532 101,889 99,085 96,280 1,087,492 98,398 95,837 93,276 i 2,505,938 175,500 171,250 167,000 562,160 - 46,920 55,840 64,4001 222,500 47,500 46,000 44,500 - - 56,417 - - - 74,613 154,250 61,053 80,930 $ 283,125 $ 266,563 $ - $ - $ - $ - $ - 93,476 ' 90,671 87,867 85,062 82,258 79,453 151,491 91,696, 167,000 89,097 86,497 83,897 81,298 78,698 288,798 162,750 i 158,500 154,250 150,000 145,750 141,500 1,079,438 62,600 61,053 70,800 68,640 66,480 64,320 62,160 - 44,500 80,930 41,500 - - - - (1,500) 100,000 102,800 100,400 103,000 100,400 102,800 907,800 907.127 $ 838.1 497 L 1 967,532 $ 101,889 $ 99,085 $ 96,280 $ 93,476 $ 90,671 $ 87,867 $ 85,062 $ 82,258 $ 79,453 $ 222,500 47,500 46,000 44,500 44,500 41,500 - - - - 86,497 83,897 81,298 78,698 171,250 167,000 1,190,032 $ 149,389 $ 145.085 $ 140.780 $ 137.976 $ 132.171 $ 87,867 $ 85,062 $ 82,258 $ 79,453 $ 779,188 173,063 1,087,492 98,398 2,505,938 175,500 562,160 46,920 778 7193250 159,750 719.250 $ 159.750 Page 63A 164,450 155,838 147,225 138,613 - - - - 95,837 93,276 91,696 89,097 86,497 83,897 81,298 78,698 171,250 167,000 162,750 158,500 154,250 150,000 145,750 141,500 55,840 64,400 62,600 70,800 68,640 66,480 64,320 62,160 56,417 61,053 - - - - - 74,613 80,930 - - - - - - 100,000 102,800 100,400 103,000 100,400 102,800 H 151,800 143,850 135,9001 127,950 1 151,800 $ 143,850 $ 135,900 $ 127,950 915.292 $ 907.127 $ 838.147 $ 819.931 787 $ 403.377 $ 391.768 $ 385.158 1 $ 488.439 $ 474.026 $ 464.611 �1 288,798 1,079,438 907,800 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (W) GENERAL LONG-TERM DEBT Balance Sheet CodeDescription�u2008,EdpCode Assets Total Non -Current Govt Liabilities 4,341,050 W129 4,925,515 TOTAL,Provi.sion To Be Madel Future Budgets 4;341,050 4,925,515;'1 TOTAL, Assets 4,341',050: 4,925,515''1 Page 64 OSC Municipality Code 500342300000 0 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2009 (W) GENERAL LONG-TERM DEBT Balance Sheet do de.Description ; _ :_.2008 ;; EdpCode.':42009 General Long Term Debt Bond Anticipation Notes Payable W626 TOTAL Notes Payable. 0 0, . Compensated Absences 135,050 W687 131,515 TOTAL Other Liabilities. 135,050.. 131,515 Bonds Payable 4,206,000 W628 4,794,000 TOTAL Bond And Long Term Liabilities 4,206,000''- 4,794,000 TOTAL Liabilities ,. 4,341,050, 4,925,515• TOTAL General Long Term Debt 4,341,050 -4,925,515 Page 65 OSC Municipality Code 500342300000 TOWN OF ITHACA SCHEDULE OF LONG TERM DEBT ACCOUNT GROUP FOR THE YEAR ENDING DECEMBER 31, 2009 ACCOUNT DESCRIPTION BEGINNING ADDITIONS DELETIONS ADJUSTMENTS ENDING CODE _ BALANCE BALANCE 1/1/2009 2009 2009 2009 12/31/2009 W125 W628 W629 W637 W687 AMT PROV L/T DEBT 595249275.00 135,050.26 195499000.00 131, 515.49 19702,725.00 135,050.26 1529550.00 59218,000.00 - 131,515.49 TOTAL ASSETS 596599325.26 196809515.49 198379775.26 1529550.00 593499515.49 BONDS PAYABLE STATUTORY INSTALLMENT BONDS DUE TO E.R.S. COMPENSATED ABSENCES TOTAL LIABILITIES 492169000.00 193085275.00 135,050.26 15125,000.00 424,000.00 131,515.49 577,000.00 191259725.00 135,050.26 5.659.325.26 1.680.515.49 1.837.775.26 Page 65A 309000.00 49794,000.00 1829550.00 4249000.00 - 1319515.49 1529550.00 593499515.49 TOWN OF Ithaca Financial Comments For the Fiscal Year Ending 2009 ) CAPITAL PROJECTS diustment Reason Account Code H8012 Computer Software Era - Captured a 2008 Transaction when closing 2009 records? 0 Page 66 OSC Municipality Code 50l '- - TOWN OFIthaca ' Statement ofIndebtedness For the Fiscal Year Ending 2OUQ ,�Vaterand Other Purposes Exempt From Constitutional Debt Limit `ondAnU000UonNot��o.2UU7OODOO1 DE _-' _ onth - Year of Issue -----__' '--' '��--- �----' ^-- 10/3/2O&. ..�urposeof Issue I WATER. MAIN IMP'r_ Interest 4.500( __t_� ding uqgi�nmq_gfYear 2P18661 1'�1�21,125,72,1� -'horYear Adjustment a___. xsued.Ouhngthe F�oa Year ' �n�dananevva|nhan� �!v!��- `="' _-- � [ id Durinq the Fiscal Year here)_,._(do not include renewals - -_' 1�35j2� -_-____-- � kdstam� EndofthoF�ca Yeor - -- [ ------ --'-10 '�ro|-'-~-'--------'----- Maturity t j?" � � __ ___ _ __ ___ _ &nUo_Note -jutstandi '--------~---- ----- ' - ' `Yeor '-_- A�Y�rA'�u�me� ' ��-- - _- - ;suedF�co Year __-- - -- '-_-_- -aid During Fiscal Year Iutotond End-ofYear___ �Bond Anticipation Notes _Redeemed . ' FromBondProoaadaOuhngFsno Year �P18885 ] ` . - - ` , 1,064,2431 Page 67 OSC Municipality Code 500342300000 -- '` '- /- TOWN OFIthaca ' Statement ofIndebtedness - For the Fiscal Year Ending 20OQ / ' IA/otmrond Other Purposes Exempt From Constitutional Debt Limit ondNo. 2OO40OO8O1 --'_ _-' m�Y�rof�u _- _ .urpose ofIssue urrent Interest Rate anding Beginning of Year rior Year Adjustment sy-ed -During the Fiscal Year (do not include renewals here) --aid During the Fiscal Year lude __--� not renewals-__- _ --, 'lutstan0l Fiscal Year i - Maturity z'��_-- - - --- - �� . . =�=.°^^,,�,,"," -_ _- - - Year Issue of u pose of Issue '-----'----------- -- -urn*nt Interest Rote Q-� �utobandin 8 i i of Year ^ � - .- - ' horY�arAd�mtment _ - --- _ ;sued_uo�mg'm.n Fiscal Year _do renewals here) '_ ----not include--_' aid During the Fiscal Year newals -utstondi __E__ndof� Fiscal -Year ________________ ,�ond No. 2005000002 /lonth and Year of Issue urpose of Issue 'urrent Interest Rate ' =�."" .== Adjustment / -'_-_'-___-___--__ �oumdDuring the Fiscal Year _ (do not include renewals Lhere) _ ` During the Fiscal Year(do not include _ ---_-----_-__renewals-_- . `/utatmm ng_Endofthe _Fiscal Yea r . ina Motur�/Oate _ _ _ ' - - Amoun - - -_- '- - '- - --- -- '-'----- 3.880( '121318671' 736,00( '------- ( - ' � - ( -_-- �-_ �0�� '-' _- 66,00( -- -F��18-6i-7- - _�. �-'�'- --------- - -.- 2/-12/2O1� __-__ -- ----- - Amoun - - - '- - --- -- '-'----- 3�85O[ _ _ �-_ �0�� '-' _- -- - ' --[ 8G75 - ---- 71 'l2----- ' P1 8677 �- ----- ---'-'--- 12/2Q/2O17 - ~ -- ' Page 68 [SCMunicipality Code 500342300000 TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2009 `"later and Other Purposes Exempt From Constitutional Debt Limit and No. 2004000002 11EDPCODE Amount) .i'aonth and Year of Issue _ L !( 5/15/2004, urpose of Issue jprovement (Serial) Bdi 4.3460 urrent Interest Rate 'utstanding Beginning of Year 21318671 (� 1,600,0001 rior Year Adjustment „I [ _ _a sued During the Fiscal Year (do not include renewals here) 21318673 --aid During the Fiscal Year -- -_ - - (do not include renewals here)^ - 12P18675 I� _ _ r 100,000' utstandin End of the Fiscal Year 21318677 1,500,000 inal Maturity Date 5/15/2024, - -- ---- - -- _ - -- - --- _._ - .0 gond No. 2000000004 EDPCODEll Amount Jonth and Year of Issue ( [ 7/15/19911 urpose of Issue g Public Improvemen urrent Interesate t R u = 0662 utstanding Beginning of Year 2P18671 [ 750,00 rior Year Adjustment sued During the Fiscal Year (do not include renewals her - 2P18673 i;_ ry d aid During the Fiscal Year (do not include renewals here) 21318675 •. 250,OOg - - -- -utstanding End of the Fiscal Year !2P18677 11[ - 500,000 7/15/2011 anaIMaturity Date �I j1 and No. 2009000002 ltbOdbDtlj Amount. onth and Year of Issue 10/1/2009 urpose of Issue _- _ _ - - i[ Pub Imp (Serial) Bond urrent Interest Rate 031? _ . J_ 9 9 --of Year - - _ yutstandin9 Beroninrior _ �[ _ -- _ I 2131867_ 1 _ _ Year Adjustment _. - ;-----.- r -- I. 0 sued During the Fiscal Year . ;[ do not include renewals here ) 8673 2131= -- 1,11,125,60d,( aid During the Fiscal Year do not include renewals here '2P18675 11 utstanding End of the Fiscal Year tP18677 j( 1,125,000 r_ inal Maturity Date II I[ /202 10/1 I l -- -- ---- ----------- - -- - -- otal Bond - II Amoun lutstanding Beginning of Year 4,126,000 -rior Year Adjustment 0 ,sued During Fiscal Year 4 j 1,125,000 ' aid During Fiscal Year 5V7 666, loutstandin g End of Year 4,714,000 Page 69 OSC Municipality Code 500342300000 TOWN OFIthaca Statement ofIndebtedness For the Fiscal Year Ending 20U0 ^ndebtodnaooNot Exempt From Constitutional Debt Limit ~ ondA�n��oponN_ot_eNo.2009000001 and�m of�u ---_'- u ��u u(Q�� e urnent|nbareat Rote '" Ye - - - -_'-- ' _ riorYeor Adjustment muedOu Fiscal Year ' --_--_ induderenevvm�here\ --_ -_-e___ - - ,-aid During F�a ---_' --_ kdonotim�uderenewn�hore\ utstandin Endofthe F�� ca Year �� -inal Maturity Date .-obdBond Anticipation - Note ---'''--'----'c�'- - �utouanu!ng ��V�ing�r Yearrior Year ^----_Adjustment--__- - -- nuodO Fiscal -aid During utstandinq End ofYear _ Bond Anticipation Notes - -- _-.- - -- From Bond Proceeds During Fi-scal-Year DPCOOE Amount Y U --- �� - Road Walkway, - _,Varren - _ - ' 6 -11 ' _ --- -' -- ��-�� -�-- - _- ---424,006,..�� 6/23/201 Q �� Annou,,z - - - --'' -- _- - '_- 424,000 �- -----X'-- -------------^ 424,000, ---- -------- �p18885- T - - -' - o!^ ' " ` Page 70 OSC Municipality Code 500342300000 TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2009 indebtedness Not Exempt From Constitutional Debt Limit "ond No 2006000002 - - —� E_ DPCODE -Month and. Year of Issue Amount 1/7/2006 urpose cf Issue_ Public Wo_rks Facility f�y��i FJ� _ z ' urrent Interest Rate: _ 3.750 +utstanding Beginning of Year 12P18771 80,00 rior Year Adjustment_40,00 40,00( ,sued During the Fiscal Year (do not include renewals here) T�2P 8773 c T� rs aid During the Fiscal Year do .not include renewq! here 12_1318775 Y 40,000 utstanding End of the Fiscal Year 12/318777 ,1 aminal Maturity Date _80,00 _ _ 1/7/2011 _ -� - 80 00 Total Bond y�6� Amount T utstanding Beginq ng of Year _ FJ� _ z ' 80,00( rior Year Adjustment - �x 40,00( sued During Fiscal Year maid During Fiscal Year X 40,000 utstandin _ End of Year - 80 00 0 otal of All Indebtedness 'ncludes Total of Bonds and Notes - Exempt and Not Exempt otal Bond utstanding Beginning of Year _ rior Year Adjustment sued Durmg Fiscal Year -aid During Fiscal Year jutstanding End of Year _ ._- ------ -- --, Amount 5,331, -----_725 40,00 1,549J_000 1,702,7251 5,218,000 Page 71 OSC Municipality Code 500342300000 Page 71 OSC Municipality Code 500342300000 0 TOWN OF ITHACA SUMMARY OF SHORT and LONG TERM DEBT OUTSTANDING PRINCIPAL ISSUE ORIGINAL DEBT INT RATE MATURITY DATE - 1991 Public Imp SERIAL - Water & Sewer Infrastructure $ 4,465,000 6.625% 7/26/11 DEBT $ ISSUED 3.950% 12/29/17 2010 2011 2012 2013 2014 2015 OUTSTANDING 71,000 2,000,000 4.346% 5/15/24 2005 Phase II Sth Hill Wtr Main Transmission SERIAL - Water Infrastructure 470,000 3.600% 10/1/15 2016-2024 CONSOLIDATED 250,000 f $ 250,000 $ - 1991 Public Imp SERIAL - Water & Sewer Infrastructure $ 4,465,000 6.625% 7/26/11 2003 Public Imp SERIAL - Public Worls Facility $ 1,000,000 3.950% 12/29/17 2004 Bostwick Rd Wtr Tank & Transmission Main SERIAL - Water Infrastructure 1,000,000 3.880% 2/12/19 2004 Public Improvement SERIAL - Water Infrastructure 71,000 2,000,000 4.346% 5/15/24 2005 Phase II Sth Hill Wtr Main Transmission SERIAL - Water Infrastructure 470,000 3.600% 10/1/15 2006. Public Imp SERIAL - Public Works Facility 200,000 3.760% 1/7/11 2009 Public Improvement SERIAL -100% 67,000 1,125,000 3.160% 10/1/24 2009 Warren Road Walkway BAN 100,000 424,000 2.750% 6/23/10 TOTAL $ 9,135,000 100,000 GENERAL TOWNWIDE FUND 800,000 1 50,000 60,000 2003 Public Imp SERIAL - Public Worls Facility -100% $ 1,000,000 3.950% 12/29/17 2006 Public Imp SERIAL - Public Works Facility -100% 200,000 3.760% 1/7/11 2009 Warren Road Walkway BAN 40,0001 424,000 2.750% 6/23/10 !---------------._r.-------------___----------TOTAL--.__.__--.-----------_.. __ __-_-----__----- - - _ 1,200,000 " - WATER FUND 60,000 65,000 65,000 1991 Public Imp SERIAL - 52% 2,321,800 6.625% 7/26/11 2004 Bostwick Rd Water Tank & Transmission Main SERIAL -100% 730,000 1,000,000 3.880% 2/12/19 2004 Public Improvement SERIAL -100% - 2,000,000 4.346% 5/15/24 2004 Phase II South Hill Water Transmission Imp SERIAL -100% 470,000 3.600% 10/1/15 2009 Public Improvement SERIAL -100% 1,062,000 $ 1,125,000 3.160% 10/1/24 TOTAL $ $ 368,000 $ 5,791,800 SEWER FUND 1,941,000 $ E 71,0001 $ 71,000 $ 1991 Public Imp SERIAL - 48% $ 2,143,200 6.625% 07/26/11 TOTAL $ 2,143,200 143,000 TOTAL DEBT- - - - - - - - $ 9,135,000 ; - Page 71A $ 250,000 f $ 250,000 $ - $ - $ - $ - $ - 71,000 71,000 71,000 71,000 71,000 71,000 143,000 67,000 67,000 67,000 67,000 67,000 67,000 268,000 100,0001 E 100,000 100,000 100,000 100,000 100,000 800,000 1 50,000 60,000 60,000 60,000 60,000 60,000 - 40,0001 40,000 - - - - - 60,000 65,000 65,000 65,000 70,000 70,000 730,000 424,0001 - - - - - - $ 1,062,000 $ 653,000 $ 363,000 $ 363,000 $ 368,000 $ 368,000 $ 1,941,000 $ E 71,0001 $ 71,000 $ 71,000 $ 71,000 $ 71,000 $ 71,000 $ 143,000 40,000 40,000 - - - - - 424,000 - - - - - - $ 535,000 $ 111,000 $ 71,000 $ 71,000 $ 71,000 $ 71,000 $ 143,000 130,000 130,000 - - - - - 67,0001 67,000 67,000 67,000 67,000 67,000 268,000 100,0001 100,000 100,000 100,000 100,000 100,000 800,000 50,000 1 60,000 60,000 60,000 60,000 60,000 - 60,0001 P 65,000 65,000 65,000 70,000 70,000 730,000 $ 407,000 $ 422,000 $ 292,000 $ 292,000 $ 297,000 $ 297,000 $ 1,798,000 120,000 f i 120,000 - - - - - $ 120,000 $ 120,000 $ - $ - $ - $ - $ - 1 $ 1,062,000 $ 653,000 $ 363,000 $ 363,000 $ 368,000 $ 368,000 $ 1,941,000 TOWN OF ITHACA SUMMARY OF PRINCIPAL DEBT OUTSTANDING GENERAL LONG TERM DEBT ACCOUNT GROUP FOR THE YEAR ENDING DECEMBER 31, 2009 BOND DESCRIPTION BEGINNING PAYMENTS NEW ISSUES ENDING - 569,000 BALANCE 40,000 ADJUSTMENTS BALANCE I 50,000 1/1/2009 2009 2009 12/31/2009 BONDS $4,465,000 PUB IMP BDS, 1991 6.625% $1,000,000 PUB IMP (SERIAL) BD, 2004 3.95% $240,000 BAN PUBLIC WORKS FACILITY, 2006 3.76% $500,000 PUB IMP (SERIAL) BD, 2005 3.60% MAIN IMPROVEMENT 1.52% 2004 $1,000,000 PUB IMP (SERIAL) Bd, 2004 3.88% (This issue is for the Bostwick Road Water Tank & Transmission Main Water System Improvement) $2,000,000 PUB IMP (SERIAL) BD, 2004 4.346% (This issue is for the 2003 West Water Tank Improvement and Coy Glen Water Tank & Pumpstation & Pipeline $1,125,000 PUB IMP (SERIAL) BD, 2009 3.16% (This issue is for the Hanshaw and Trumansburg Road Water Main Improvements) TOTAL BOND ANTICIPATION NOTES BAN, 2007 4.5% $679,900 TRUMANSBURG RD WATE MAIN IMP BAN, 2008 4.5% $506,675 HANSHAW RD WATE MAIN IMP BAN, 2008 4.5% $424,000 WARREN ROAD WALKWAY BAN, 2009 2.75% TOTAL TOTAL OUTSTANDING 750,000 250,000 - 500,000 640,000 71,000 - 569,000 120,000 40,000 - 80,000 400,000 50,000 - 350,000 736,000 66,000 - 670,000 1,600,000 100,000 - 1,500,000 1,125,000 1,125,000 4,246,000 577,000 1,125,000 4,794,000 641663 641663 0 - 484062 484062 0 - 0 0 424,000 424,000 1,125,725 1,125,725 424,000 424,000 $ 5,371,725 $ 1,702,725 $ 1,549,000 $ 5,218,000 Page 71A TOWN OF Ithaca Schedule of Time Deposits and Investments For the Fiscal Year Ending 2009 f CASH: On Hand Demand Deposits Time Deposits Total _ COLLATERAL: - FDIC Insurance Collateralized with securities held in possession of municipality or its agent Total INVESTMENTS: A - Securities (450) Book Value (cost) Market Value at Balance Sheet Date Collateralized with securities held in possession of municipality or its agent - Repurchase Agreements (451) Book Value (cost) Market Value at Balance Sheet Date Collateralized with securities held in possession of municipality or its agent EDP Code_ Amount 9Z2001 _ $0.00 9Z2011 $615,343.00 9Z2021 $6,82_8,646.0_0 $7,443,989.00 9Z2014 $250,000.00 9Z2014A $9,277,174_00 $9,527,174.00 9Z4501 $0.0_0 9Z4502 $0.00 9Z4504A $0.00 9Z4511 $0.00 9Z4512 $0.00 9Z4514A $0.00 Page 72 OSC Municipality Code 500342300000 TOWN OF Ithaca Bank Reconciliation For the Fiscal Year Ending 2009 Include All Checking, Savings and C.D. Accounts Bank Less: Account Bank Number Balance .- 2604 $1,879,694 *****-2604 $516,827 *****-2604 $373,521 *****-2604 $429,524 *****-2604 $2,607 ' *****-2604 $691,944 ****-2604 $1,179,955 *****-2604 $203,130 *****-2604 $5,057 .*****-2604 $86,355 *****-2604 $64,112 *****-2604 $40,245 *****-2604 $25,522 ****-2604 $354,197 - $0 $85,299 '****-2604 $1,017,136 '****-2604 $4,469 ****-2604 $11,758 ****-2604 $4,560 *****-2604 $11,550 `****-2604 $28,121 `****-2604 $269 F**** -2604 $65 `****-2604 $27,273 %k**** -2604 $84,884 '****-2604 $301,470 `****-2604 $14,445 Add: Less: Adjusted Deposit Outstanding Bank In Transit Checks Balance -$ -- $0 _. $1,879,694 $0 _ $0 - - $516,827 $0 $0 $373,521 -- _ --$0 . - $0. -- -- -- -$429,524 $0 --- ---- -- - - ---$0 --- --- $2,607 - -- -- $0 - - - - - $0 - ----- -$691,944 $0 $0 $1,179,955 - - $0 - -$0 - --- $203,130 - $0 - $0 - -- -- $5,057 $0 $0 $86,355 $0 $0 $64,112 $0 $0 $40,245 $0 - - $0 - -- - - --$25,522 - ---- $0 - .. - - -. _$Q _._. ---- $354,197 $0 $0 $85,299 - - - --- -.-$0 - - - - ---$o -- -----$1,017,136 - - -- $0 $4,469 $0 - - - $0 - - $11,758 $0 $0 $4,560 $0 $0 $11,550 $0 $0 -$28,12-1- $0 _$0 -..- --- $269 $0 $0 $65 $0 $0 $27,273 $0 $0 $84,884 $0 $0 $301,470 $0 $14,445 Page 73 OSC Municipality Code 500342300000 TOWN OF Ithaca Bank Reconciliation For the Fiscal Year Ending 2009 Include All Checking, Savings and C.D. Accounts r � `- Bank Add: Less: Adjusted Account Bank Deposit Outstanding Bank = Number Balance In Transit Checks Balance x**** -8038 $615,343 - _ , _ $0 $615,343 — --- $0 Total Adjusted Bank Balance _ _ $7,443,989 Petty Cash _ $925.00 Adjustments _ $.00 Total Cash 9ZCASH $7,444,914 Total Cash Balance All Funds 9ZCASHB $7,452,965 * Must be equal t Page 74 OSC Municipality Code 500342300000 Page 75 TOWN OF Ithaca Local Government Questionnaire For the Fiscal Year Ending 2009 Response ' `1) Does your municipality have a written procurement policy? Yes Have the financial statements for your municipality been independently audited? Yes If not, are you planning on having an audit conducted? 3) Does your local government participate in an insurance pool with other local No governments? `4) Does your local government participate in an investment pool with other No local governments? --,5) Does your municipality have a Length of Service Award Program (LOSAP) No for volunteer firefighters? =:) Does your municipality have a Capital Plan? Yes T) Has your municipality prepared and documented a risk assessment plan? No = ! If yes, has your municipality used the results to design the system of internal controls? - 3) Have you had a change in chief executive or chief fiscal officer during the No last year? g) Has your Local Government adopted an investment policy as required by Yes General Municipal Law, Section 39? Page 75 TOWN OF Ithaca Employee and Retiree Benefits For the Fiscal Year Ending 2009 j Account Total Full Time Employees: I Total Part Time Employees: I Description 49 2 Total w # of Full # of Part # of Retirees Code Expenditures Time Time (All Funds) Employees Employees 9010 State Retirement System $219,898.00 541 5� 90158 Police and Fire Retirement $0.00 9025 Local Pension Fund $0.00 90308 Social Security $234,884.00 71, 71 • 90408 Worker's Compensation $66,938.00 57 4 Insurance j 9045 Life Insurance $5,373.0 4& 1 i 90508 Unemployment Insurance $06.,06do ! _ 9055 Disability lnsurance • � - > - $16,578.0 - -• - -- 491 --'-`-"�__-----__-=zz__��n�._ I I � 9060 Hospital and Medical $610,935.00 (Dental) Insurance I 9070 Union Welfare Benefits $0.0 90858 Supplemental Benefit Payment to $0.0 I i Disabled Fire Fighters 91890 Other Employee Benefits j $0.0 , Total) $1,154,606.06 _ a Computed Total From Financial $1,235,675.od Section (comparative purposes only) Page 76 OSC Municipality 500342300000 TOWN OF Ithaca Energy Costs and Consumption For the Fiscal Year Ending 2009 Energy Type Total Total Volume Units Of Alternative Expenditures Measure Units Of Measure Gasoline $29,434';1 16,315' gallons Diesel Fuel II $45,50311 22,697�� ygallons fuel Oil _ — — —$i�___.. �i� - gallons - Natural Gas $3791 3Q cubic feet Electricity $169,630,,! �� kilowatts -- ��1 027,981 units j Coal i� _ . �I tons Page 77 OSC Municipality 500342300000 I, JHerb J. Engman hereby certify that I am the Chief Fiscal Officer of the own of 11thaca and that the information provided in the annual financial report of the rown of 11thaca , for the fiscal year ended 12/31/2009 , is true and correct to the best of my knowledge and belief. By entering the personal identification number assigned by the Office of the State Comptroller to me as the Chief Fiscal Officer of the Town of Ithaca and adopted by me as my signature for use in conjunction with the filing of the own of 11thaca s annual financial report, I am evidencing my express intent to authenticate my certification of the own of 11thaca s annual financial report for the fiscal year ended 12/31/2009 and filed by means of electronic data transmission. Ifred F. Carvill """" Ifred F. Ca ill Name of Report Preparer Personal Identification Number Name if different than Chief Fiscal Officer of Chief Fiscal Officer (607) 273-1721 Town Budget Officer 215 N. Tioga St., NY 14850 Telephone Number Title Official Address (607)273-1721 2/18/2010 Office Telephone Number Date • TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 . Note 1 - Summary of Significant Accounting Policies The general-purpose financial statements of the Town of Ithaca have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The more significant of the government's accounting policies are described below. A. Financial Reporting Entity _ The Town of Ithaca was created in 1821. The Town is governed by general municipal laws of the State of New York, Town Law and various local laws. The Town Board is the legislative body responsible for the overall operation; the Town Supervisor serves as the Chief Fiscal Officer as specified in New York State Town Law. The Town provides the following municipal services: fire protection, transportation (streets, highway and transportation infrastructures)), walkways, trails, recreation, planning and zoning, general administration, public improvements, water and sewer. Street lighting in nine separate "lighting districts" is provided within the Town. Each district is funded by way of a tax on the real property situated within each district. The Town provides for intersection street lighting from the General Fund appropriations. -� The Town Board via the Ithaca Fire Protection District provides fire protection for the northeast area of the Town outside the Village of Cayuga Heights. This district is funded by means of a tax on the real property situated within the district. Services for fire protection are contracted out through the City of Ithaca's paid fire department and the volunteer fire department of the Village of Cayuga Heights. All governmental activities and functions performed for the Town of Ithaca are its direct responsibility. No other governmental organizations have been included or excluded from the reporting entity. The financial reporting entity consists of the following, as defined by Governmental Accounting Standards Board (GASB) Statement #14, "The Financial Reporting Entity:" 1. The primary government is the Town of Ithaca. 2. Organizations for which the primary government is financially accountable, and; 3. Other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's general purpose financial statements to be misleading or incomplete. The decision to include a potential component unit in the reporting entity is based on the criteria set forth in GASB Statement #14, including legal standing, fiscal dependency, and financial accountability. PAGE 1 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 Excluded from the Reporting Entity Southern Cayuga Lake Intermunicipal Water Commission (SCLIWC) is a joint venture involving the Towns of Ithaca, Dryden, Lansing, and the Villages of Cayuga Heights and Lansing. The joint venture operates under terms of an original agreement dated March 1, 1977 and has been amended several times, the last of, which is dated January 1, 1992. SCLIWC's executive body consists of ten members, two members being appointed by each municipality. The Treasurer of SCLIWC is the Town of Ithaca's Supervisor. An Annual Joint Venture financial report is filed with the New York State Comptroller's • Office. The Treasurer of SCLIWC has an independent audit of the accounting conducted which includes issuing certified independent financial statements. The Southern Cayuga Lake Intermunicipal Water Commission is considered a Joint Venture with the Town of Ithaca. Although the following organization, function or activity is related to the Town of Ithaca, it is not included in the Town of Ithaca reporting entity. See Note 3 for additional disclosures regarding the joint venture "Ithaca Area Wastewater Treatment Plant" with the Town of Dryden and City of Ithaca. B. Basis of Presentation - Fund Accounting The accounts of the Town are organized on the basis of funds or account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for within a separate set of self -balancing accounts that comprise its assets, liabilities, fund balance, revenues and expenditures which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions and limitations. The various funds are summarized by type in the financial statements. (Certain funds of the Town are utilized to account for resources derived from, and/or expenditures applicable to an area less than the entire Town.) The following fund types and account groups are used: 1. Fund CateEories a. Governmental Fund Types - are those through which most governmental functions are financed. The acquisition, use and balances of expendable financial resources and the related liabilities are accounted for through Governmental Funds. The measurement focus of the Governmental Funds is based upon determination of financial position and changes in financial position. The following are the Town's Governmental Fund Types: General Fund Townwide: Accounts for revenues (i.e., general tax and other from state, federal, and local sources) and expenditures which are not required by the law or other provisions to be accounted for in other funds and which finance the basic governmental functions provided by the Town at Large. General Part -Town Fund Outside: Accounts for those transactions, which are required to be, charge on the area of the Town outside the Village of Cayuga Heights. 0 PAGE 2 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 Special Revenue Funds These Funds are utilized to account for revenues derived from specific sources, which are required by local law or regulatory State, or Federal mandates. Special Revenue Funds include the following: General Part -Town Highway Fund Outside: This Fund accounts for revenues and expenditures for part -town (outside of the Village of Cayuga Heights) transportation infrastructure purposes. Water Fund: This is a fund established by State Statutes to account for revenues derived from charges for water consumption and benefited assessments and the application of such revenues toward related operating expenses and debt retirement. Sewer Fund: This fund is also established by State Statutes to account for revenues derived from sewer rents and benefited assessments and used for related operating expenses and debt retirement. Lighting District Fund: This type of fund accounts for the operation and maintenance transactions of those areas within the Town where electric streetlights are provided. Revenues are derived directly from real property assessed values of those residents or other real property owners located within the special lighting district. Fire Protection District Fund: Used to record transactions involving the Town Fire Protection District and those contracts for fire protection with the City of Ithaca and the Village of Cayuga Heights. Debt Service Fund: The Debt Service Fund accounts for the accumulation of those resources transferred or earned (E.g. interest income) for the payment of principal and interest on long-term debt on scheduled due dates. Annual principal and interest payments due on serial bonds are transferred from the General Townwide, Water and Sewer Funds to the Debt Service Fund. Payments to the paying agent(s) are made directly from the Debt Service Fund to the respective paying agents in full on scheduled due dates. Capital Proiects Fund: Capital Project Funds are used when accounting for capital improvements financed from current monies transferred from reserved and unreserved funds, Federal, and State grants and proceeds of obligations (e.g. Bond Anticipation Notes or Serial Bonds). Each Capital Project Fund is created to account for financial resources that will be used for the acquisition or construction of major capital facilities, major repairs, improvements or additions to water, sewer and transportation infrastructures. b. Fiduciary Funds — A municipality uses the Trust and Agency Fund to account for assets held by the local government in a trustee or custodial capacity. (E.g. Net payroll and related payroll taxes or withholdings.) PAGE 3 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31.2009 The Trust and Agency Fund is used to account for those funds held in custody and subsequent distributions, transmittal or release to other governments, individuals or to other funds. 2. Account Groups tom- Account Groups — Accounts for control and accountability of the Town's General Fixed Assets and General Long -Term Debt. The two account groups are not "funds". Historically, these groups have been concerned only with the measurement of financial position, and not with the results of operations. With the release of GASB 34 these groups will provide greater fiscal detail regarding the future replacement of equipment and infrastructures complaint to GAAP Principals governing depreciation coupled with Capital Improvement Planning and Budgeting. - General Fixed Assets Account Group: This group accounts for land, buildings, improvements other than buildings, machinery & equipment, and construction in progress. These assets are usually for general government services. - General Long -Term Debt Account Group: This group of accounts is established to account for long-term debt and other financing obligations of the Town. Long -Term indebtedness includes obligations such as statutory installment bonds, serial bonds and bond anticipation notes. Other obligations include unbilled retirement liabilities, and any vested or unpaid accumulated employee benefits (e.g. vacation) to be provided for in future budgets. C. Basis of Accountin2/Measurement Focus Basis of accounting refers to when revenues and expenditures and the related assets and liabilities are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus. Measurement focus is the determination of what is measured. (E.g. expense or revenue) Modified Accrual Basis - all Governmental Funds and Expendable Trust Funds are accounted for using the modified accrual basis of accounting. Under this basis of accounting, revenues are recorded when measurable and available. Available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Material revenues that are accrued include real property taxes,. state and federal aid, sales tax and certain user charges. If expenditures are the prime factor for determining eligibility, revenues from federal and stated grants are accrued when the expenditure is made. PAGE 4 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 Expenditures are recorded when incurred except that: a. Expenditures for prepaid expenses and inventory -type items are recognized at the time of the disbursements, and when goods or services have been received but not billed by the provider or vendor. b. Principal and interest on indebtedness are not recognized as expenditures until due. C. Compensated absences, such as vacation and sick leave which vests or accumulates, are charged as expenses when paid. See Note 1-J (Pg 8). d. Pension costs are recognized as an expense when billed by the New York State and Local Employee's Retirement System. See Note 2-B-1 (Pg 11). - Account Groups General fixed assets are recorded at actual or estimated cost or, in the case of gifts and contributions, at the fair market value at the time received. For the year ending December 31, 2009, NO provision exists for the accounting and reserving of depreciation. General long-term debt liabilities are recorded at the par value of the principal amount. No liability is recorded for interest payable to maturity. Long-term liabilities expected to be financed from Governmental Funds are accounted for in the General long-term Debt Account Group (W Fund), rather than individual Governmental Funds. D. Property Taxes Town real property taxes are levied annually on January 1, and become a lien on that date. Property owners can elect to pay their taxes using one of two options. Taxpayers may elect to pay their bill in two installments equal to one-half the total bill, plus a 2.5 percent processing fee. If the installment option is selected, the first payment is due between January 1 and January 14, without penalty, or between January 15 and January 20 with 1 percent interest (election to pay in installments ceases January 20). The second installment is due on or before July 1, payable to the County Division of Budget and Finance. Taxpayers may elect to pay their tax bill in full. Using this method, taxes are collected during the period January 1 st to January 31 st, at face value and from February 1 st to March 31 st, 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 100 percent tax collection. Responsibility for the collection of unpaid taxes rests with the County. Uncollected tax liens are sold annually by the County. PAGE 5 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 E. Budgetary Data 1. Budget Policies - The budget policies are as follows: a. No later than October 5th, the Town Supervisor and the Town Budget Officer submit a tentative budget to the Town Board for the ensuing fiscal year beginning the following January 1 st. 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. The 2010 Town Budget was adopted November 5, 2009 under Board Resolution No. 2009-199. c. The Town Board must approve all budget amendments and modifications. However, the Town Supervisor and Town Budget Officer are authorized to transfer certain budgeted amounts within departments and between revenues and appropriated expenditures when deemed needed and necessary and when closing the year-end budgetary and accounting records. d. Appropriations lapse at year-end. 2. Encumbrances Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of monies are recorded for budgetary control purposes to reserve that portion of the applicable appropriations, is employed in all funds. Encumbrances are reported as reservations of fund balances since they do not constitute expenditures or liabilities. Expenditures for such commitments are recorded in the period in which the liability (E.g. unperformed (executory) contracts for goods or services) is incurred. For year ending December 31, 2009 NO budgetary encumbrances were outstanding. In the interest of accurately monitoring, budgeting and maintaining an adequate operating fund balance in all funds it is the fiscal practice NOT to encumber unused appropriations into the ensuing years budgeted operations. 3. Budget Basis of Accounting Budgets are adopted annually on a basis consistent with Generally Accepted Accounting Principles. Appropriations authorized for the current year are increased by the amount of encumbrances carried forward from the prior year. Encumbrances are not considered a disbursement in the financial plan or an expenditure in the GAAP based general purpose financial statements, but reserve a portion of the applicable appropriation, thereby ensuring that the current years budgeted appropriations are not exceeded. • PAGE 6 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 F. Property, Plant and Equipment - General Fixed assets purchased for general governmental purposes are recorded as expenditures in the Governmental Funds and are capitalized at cost in the General Fixed Assets Account Group. Contributed fixed assets are recorded at fair market value at the date received. Fixed assets consisting of certain infrastructure type improvements other than buildings, including roads, bridges, curbs and gutters, streets and sidewalks, drainage, water and sewer lines and lighting systems, have been capitalized since 2000. Such assets normally are immovable and of value only to the Town. Currently, NO depreciation cash reserves are provided for the future replacement of general fixed assets. G. Receivables Receivables are stated (accrued) at the gross amount due to and to be collected by the Town. Amounts due from State and Federal governments represents amounts owed to the Town. Receivables represent reimbursements for expenditures incurred pursuant to state and federally funded programs. Other receivables represent amounts owed to the Town including water and sewer charges, interest, and nominal charges for government services. H. Investments Investments are stated at cost, which approximates market. For year ending December 31, 2009 the Town of Ithaca has NO cash invested in certificates of deposit and NO invested funds in the stock market, in any mutual funds, index fund or any third party investment fund(s) or securities. It is both practice and policy that the Town of Ithaca does NOT invest taxpayer funds in the stock market, in any mutual funds, index funds or any third party investment (E.g. REITS) or securities. Taxpayer funds are invested in interest earning savings accounts and/or certificates of deposits. I. Unemployment Insurance Since January 1, 1978, Town employees are and continue to be covered by unemployment insurance. The Town has elected to discharge its liability to the New York State Unemployment Insurance Fund by means of the Benefit Reimbursement Method. This is a dollar -for -dollar reimbursement to the Unemployment Insurance Fund for benefits paid to former employees and charged to the Town's account. The Town is exempt from Federal Unemployment Insurance Tax. J. Compensated Absences Employees accrue (earn) vacation leave based on the number of years employed up to a maximum of 20 days a year. Upon separation from service, employees are paid for unused vacation time. PAGE 7 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 Employees accrue (earn) sick leave at the rate of one day per month and may accumulate such credits up to a total of 120 days. (The NYS Employee's Retirement System Uses 165 days of sick leave time when calculating retirement service time.) Employees who retire apply any unused sick leave days to pay for individual post employment health insurance benefits. Accrued vacation and accumulated sick leave is recorded in governmental funds as a long-term liability in the General Long -Term Debt Account Group (GLTDAG) if payable from future financial resources, or as a fund liability and expenditures, if payable from current resources. The liability for compensated absences decreased by $3,535 during the year to $131,515 as reported in the GLTDAG (W) Fund. K. . Post Employment Benefits In addition to providing pension benefits, the Town of Ithaca provides health insurance coverage for retired employees. Substantially all of the Town's employees may become eligible for these benefits if they reach normal retirement age while working for the Town. Health care benefits are provided through an insurance company whose premiums are based on the benefits paid during the year. The Town recognizes the cost of providing benefits by recording its share of insurance premiums as an expense in the year paid. The Governmental Accounting Standards Board (GASB) has issued Statements No. 43 and 45, which address plan and employer reporting of Post -Employment Benefit Plans Other Than Pensions (OPEB). Compliant with these Statements and their reporting requirements, the Town of Ithaca accounting records and financial statements include accrued Post -Employment health care liability costs of $268,395. HEALTH INSURANCE CARRIER EXCELLUS Blue Cross / Blue Shield Plan — Blue PPO L. Deferred Compensation The Town offers their employees a Deferred Compensation Plan (the Plan) created in accordance with Internal Revenue Code Section 457. The Plan is available to all eligible participants. The Plan permits participants to defer a portion of their salary until future years. Amounts deferred under the Plan are not available to employees until termination, retirement, death or unforeseeable emergency. Effective, January 1, 1998, and to date all amounts of compensation deferred under the Plan, all property and rights purchased with the amounts, and all income attributable to these amounts are the sole the property and rights of the employee. As required, the Town Supervisor is the Chairman and Trustee of the Town's Deferred Compensation Committee. DEFFERRED COMPENSATION PLAN Nationwide Retirement Solutions PAGE 8 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 ' Note 2 Detail Notes on All Funds and Account Groups A. Assets 1. Cash and Investments State statutes govern the Town of Ithaca's investment policy. In addition, the Town of Ithaca has its own written investment policy. Town of Ithaca monies must be deposited in FDIC insured commercial banks or trust companies located within the State of New York. The Supervisor and the Town Budget Officer are authorized to use savings accounts, demand accounts and certificates of deposit. Permissible investments include obligations of the U.S. Treasury and U.S. Agencies, and obligations of New York State or its localities. Collateral is required for demand deposits and certificates of deposit not covered by Federal Deposit Insurance. (FDIC) Obligations that may be pledged as collateral are obligations of the United States and its agencies and obligations of the State and its municipalities and school districts. The written investment policy does not permit Town moneys to be invested in repurchase agreements. ` For purposes of reporting cash flow, cash equivalents are defined as short-term, highly liquid investments that are both readily convertible into cash at, or near their maturity. Deposits and investments at year-end were entirely covered by federal deposit insurance or by collateral held by the Town's custodial bank in the Town's name. All deposits including certificates of deposit are carried at cost. 9 Deposits and. investments are categorized as insured and for which the securities are held by the Town's agent in the Town's name, and collateralized, and for which the securities are held by the pledging financial institution's trust department or agent in the Town's name. Deposits: Total cash bank balances at December 31, 2009 totaled $7,443,989. These deposits were fully collateralized by securities with a fair market value at December 31, 2009 of $9,277,174 or 178%. PAGE 9 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 4 2. Changes in Fixed Assets A summary of changes in general fixed assets as follows: DESCRIPTION BALANCE ADDITIONS DELETIONS BALANCE 1/1/09 2009 2009 12/31/09 Land $ 186,552 $ 0 $ 0 $ 186,552 Easements 71,000 0 0 71,000 Buildings 3,959,825 0 0 3,959,825 Improvements Other Than Bldg. 355,645 10,347 0 365,992 Furniture and Furnishings 185,636 17,632 0 203,268 Network/Computer 96,047 0 0 96,047 Machinery & 3,352,815 279,834 27,901 3,604,748 Equip 0 Infrastructures 5,986,466 96,233 0 6,082,699 Const in Progress 1,485,753 60,883 0 1,546,636 Total $ 15,679,739 $ 464,929 $ 27,901 $ 16,116,767 3. B. 4) Other Receivables The Town had the following receivables at December 31, 2008: Fund Special Revenue: Water Sewer Liabilities 1. Pension Plans Description Rents & Special Assessments Rents & Special Assessments Total Special Revenue Amount $ 185,271 139,725 Plan Description - The Town of Ithaca participates in the New York State and Local Employees' Retirement System (ERS) and the Public Employees' Group Life Insurance Plan (Systems). These are cost sharing multiple -employer retirement systems. The Systems provide retirement benefits as well as death and disability benefits. Obligations of employers and employees to contribute and benefits to employees are governed by the New York State Retirement and Social Security Law (NYSRSSL). As set forth in the NYSRSSL, the Comptroller of the State of New York (Comptroller) serves as sole trustee and administrative head of the Systems. The Comptroller shall adopt and may amend rules and PAGE 10 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 regulations for the administration and transaction of the business of the Systems and for the r custody and control of their funds. The Systems issue a publicly available financial report that includes financial statements and required supplementary information. That report may be obtained by writing to the New York State and Local Retirement Systems, 110 State Street, Albany, NY 12244-0001. Funding Policy - The Systems are noncontributory except for employees who joined the New York State and Local Employees' Retirement System after July 27, 1976 who contribute 3 percent of -� their salary. Under the authority of the NYSRSSL, the Comptroller shall certify annually the rates expressed as proportions of payroll of members, which shall be used in computing the contributions, made by employers to the pension accumulation fund. Chapter 126 (Laws of 2000) adds Article 19 "Benefit Enhancements" of the New York State and Local Employees' Retirement System. An eligible Tier III or IV member with ten (10) or more years of membership or ten (10) of credited service, will NOT be required to contribute to the Retirement System. Effective in 2000 the Town adopted Section 41j of the Retirement System. This allows a retiring municipal employee to add service credit by using accumulated sick time. 4) The Town of Ithaca is required to contribute at an actuarially determined rate. The required contributions for the current and preceding years since 2000: ERS 2009 $ 201,789 2008 $ 216,161 2007 $ 234,489 2006 $ 238,282 2005 $ 246,646 2004 $ 273,864 2003 $ 318,221 2002 $ 26,412 2001 $ 34,903 2000 $ 9,692 Town contributions made to the Systems were equal to 100% of the contributions required each year. Since 1989, the Systems' billings have been based on Chapter 62 of the Laws of 1989 of the State of New York. This legislation requires participating employers to make payments on a current basis, while amortizing existing unpaid amounts relating to the Systems' fiscal years ended March 31, 1988 and 1989 (which otherwise were to have been paid on June 30, 1989 and 1990, respectively) over a 17 year period, with an 8.75% interest factor added. Local governments were given the option to prepay this liability. The Town's total unpaid liability at the end of 2009 fiscal year was $0 (Zero). PAGE 11 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 While GASB and the New York State Comptroller's Office differ on the accounting treatment of budgetary savings from the change in the payment date from December 15'h to February I" for the New York State and Local Retirement System, the Town of Ithaca accounting records reflect prepaid retirement costs totaling $201,789 for the year 2009. To achieve the necessary budgetary savings as directed by the New York State Comptroller's Office these prepaid costs will be charged against the Town's 2010 budget. In 2005 the Town of Ithaca establishment a "General Purpose Benefit Cash Reserve" for future economic rise and falls in not only retirement benefits but other employee benefits too. (E.g. Health Insurance) The balance in the cash reserve account at December 31, 2009 is $301,580. Increases (deposits and interest earnings) or decreases (withdrawals) to the "benefit reserve" will be assessed annually. In the interest of preserving and maintaining sufficient fund balances in each of the respective operating funds (General Townwide, General Part -Town Outside, General Part -Town Highway Outside, Water and Sewer) to effectively meet day-to-day expenditures, additional monies were not deposited to the "General Purpose Benefit Cash Reserve" for the year 2009. This cash reserve is capped at $350,000. Including accumulated interest earnings, once the cap of $350,000 has been deposited to this cash reserve account no more annual contributions will be made. Funds will be replenished when funds are withdrawn to meet unanticipated cost spikes in employee benefits. (E.g. NYS Retirement, Health Insurance, Unemployment Benefits...) 2. Short -Term Debt Liabilities for bond anticipation notes (BANs) are generally accounted for in the Capital Projects Fund. The notes or renewal may not extend more than five years beyond the original date of issue unless a portion is redeemed within five years and within each 12 -month period thereafter. For short-term financing, the Town of Ithaca redeems (pays down) one fifth (115) of the original BAN borrowing. State law requires that BANs issued for capital purposes be converted to long-term obligations within five years after the original issue date. However, BANs issued for assessable improvement projects may be renewed for period(s) equivalent to the maximum life of the permanent financing, provided that stipulated annual reductions of principal are made. As of December 31, 2009, temporary financing totaled $424,000 in Bond Anticipation Notes (BANs) outstanding for the Town of Ithaca. 3. Long -Term Debt a. At December 31, 2009, the total principal serial bond indebtedness outstanding of the Town of Ithaca aggregated $4,794,000. Of this amount, $649,000 was subject to the Town's constitutional debt limit and represented one percent (1.53%) of its debt limit. Further calculations disclosed that the Town of Ithaca meets the 7% indebtedness requirement and has not exhausted its borrowing and repayment abilities. b. Bonds - The Town of Ithaca borrows money in order to acquire land or equipment or construct . buildings and improvements. This enables the cost of these capital assets to be paid for by both present and future taxpayers receiving the benefit of the capital assets. These long-term liabilities, which are full faith and credit debt of the Town, are recorded in the General Long - PAGE 12 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 Term Debt Account Group. The provision to be made in future budgets for capital indebtedness represents the amount exclusive of interest, as authorized to be collected in future years from taxpayers and others for liquidation of the long-term liabilities. C. Other Long -Term Debt: In addition to the above long-term debt the Town of Ithaca had the following non-current liability: *Compensated Absences: represents the value of earned and unused portion of the liability for compensated absences. d. Summary Long -Term and Short -Term Debt- The following is a summary of liabilities outstanding at December 31, 2009 by fund type and account group: Liabili Serial Bonds Bond Anticipation Notes Compensated Absences Total Outstanding Debt Account Group $ 4,794,000 424,000 131,515 5,349,515- e. The following is a summary of changes in Long -Term liabilities for the period ended December 31, 2009: Due Employee Serial Installment Bonds Bal 1/l/09 $4,216,000 Additions 1,125,000 Deletions 577,000 Adjustment 30,000 Bal 12/31/09 4,794.000 Due Employee Compensated Installment Retirement Absences Bond $ 0 $ 135,050 $1,125,725 0 131,515 424,000 0 135,050 1,125,725 0 0 0 $ 0 $ 135,050 424 Deletions due to employee retirement and compensated absences are shown at net since it is impracticable to determine these amounts separately. Interest expense for the year ended December 31, 2009 amounted to $238,802. Unpaid Bond Interest on the remaining outstanding indebtedness at December 31, 2009 is $1,104,064. f. Long -Term Debt Maturity Schedule - The following is a statement of serial bonds and bond anticipation note(s) with corresponding maturity schedule. (See Exhibits A, B) g. The following table summarizes the Town of Ithaca's future debt service requirements as of December 31, 2009. (See Exhibit C) PAGE 13 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 C. Reconciliation of Inter -fund (between funds) Activities Inter -fund receivables and payables at December 31, 2009 were as follows: FUND Gen'l Town -Wide General Part -Town Highway Water Sewer Capital Projects Debt Service Trust & Agency TOTAL D. Fund Equity 1. Reserves DUE FROM DUE TO INTERFUND RECEIVABLE PAYABLE REVENUE $ 156,843 $ 0 $ 339,245 $ 0 0 0 437 0 0 0 437 0 0 0 0 0 153,502 21,400 0 0 907,127 0 3,341 $ 157,280 $ 157,280 $ 1,267,772 $ INTERFUND EXPENSE 164,180 38,198 38,198 767,430 259,766 0 0 1,267,772 a. The General Townwide Fund equity includes reserve funds established for future the purpose of park development and the purchasing of development rights as outlined in the Town's Open Space Plan. The balance at the end of 2009 was $516,827. The Reserve Fund was established at the October 2, 1997 Town Board meeting under Board Resolution No. 170. Interest earnings and additional funding for the year both increased the reserve cash. b. The Highway Equipment equity includes reserve funds established for highway machinery. The balance at the end of 2009 was $2,607. This Reserve Fund was established at the November 8, 1984 Town Board meeting under Board Resolution No. 193. The reserve is funded by any unexpended budgeted equipment appropriations for machinery at year-end. The reserve cash is also increased by interest earned for the year. c. The General Town Wide Fund, the General -Part Town Fund Outside, the General Part -Town Highway Fund Outside,. the Water Fund, and the Sewer Fund equity includes funds established for fiscally managing annual economic increases and decreases in employee fringe benefits (E.g. NYS Retirement Costs, Health Insurance). The aggregate balance at the end of 2009 was $301,580. This Reserve Fund was established at the June 13, 2005 Town Board meeting under Board Resolution No. 084. The reserve is funded on an annual basis as assessed by the Town Board. The reserve cash is increased by interest earned for the year. PAGE 14 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 General Town Wide Fund $ 151,912 General Part -Town Fund 44,843 General Part -Town Highway Fund 83,436 Water Fund 13,625 Sewer Fund 7,764 2. Sewer Fund Balance The Sewer Fund balance is partially committed to debt repayment for the local share of the construction costs of the jointly owned Ithaca Area Wastewater Treatment Plant, benefit charge stabilization and repair, replacement and maintenance of the sewer system. Note 3 - Joint Venture The following is an activity undertaken jointly with other municipalities. This activity is excluded from the Town's financial statements. Ithaca Area Wastewater Treatment Plant - The Town of Ithaca is also a participant in the joint sewer activity known as the Ithaca Area Wastewater Treatment Plant. The other participants are the Town of Dryden and the City of Ithaca. The City of Ithaca has custody of the joint activity money. Construction of the treatment plant began in the spring of 1984. Capital costs allocated to the Town of Ithaca are 41 percent of the total. PAGE 15 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 ISSUE DESCRIPTION Public Improvement SOB, 1991 Public Improvement SOB, 2003 Public Improvement SOB, 2004 Public Improvement SOB, 2004 Public Improvement SOB, 2005 Public Improvement SOB, 2006 Public Improvement SOB, 2009 Warren Road Walkway Extension BAN, 2009 Total Issued Debt @ 12/31/2009 EXHIBIT A ISSUE DATE 7/15/1991 12/29/2003 2/12/2004 05/15/2004 9/28/2005 1/7/2007 10/1/2009 6/23/2009 PAGE 16 ORIGINAL ISSUE $4,465,000 $1,000,000 $1,000,000 $2,000,000 $500,000 $200,000 $1,125,000 $424,000 $10,714,000 INTEREST DATE 6.625% 3.950% 3.880% 4.346% 3.600% 3.750% 3.160% 2.750% MATURITY DATE 7/15/2011 12/29/2017 2/12/2019 05/15/2024 9/28/2015 1/7/2011 10/1/2024 6/23/2010 PAGE 17 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 EXHIBIT B ISSUE OUSTANDING ALLOCATED DEBT 12/31/2009 TOWNWIDE SPECIAL DISTRICTS Public Improvement SOB, 1991 — 6.625% $500,000 $500,000 Public Improvement SOB, 2003 — 3.950% $569,000 $569,000 Public Improvement SOB, 2004 — 3.880% $670,000 $670,000 Public Improvement SOB, 2004 — 4.346% $1,500,000 $1,500,000 Public Improvement SOB, 2005 — 3.600% $350,000 $350,000 Public Improvement SOB, 2006 — 3.750% $80,000 $80,000 Public Improvement SOB, 2009 — 3.160% $1,125,000 $1,125,000 Warren Road Walkway Extension BAN, 2009 — 2.750% $424,000 $424,000 Total Issued Indebtedness 12/31/2009 $5,218,000 $1.073,000 $4,145,000 PAGE 17 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2009 EXHIBIT C ISSUE 2010 2011 2012 2013 2014-2024 DESCRIPTION PRIN INT PRIN INT PRIN INT PRIN INT PRIN INT Public Improvement $250,000 $33,125 $250,000 $16,563 $0 $0 $0 $0 $0 $0 SOB, 1991 - 6.25% Public Improvement 71,000 22,476 71,000 19,671 71,000 16,867 71,000 14,062 285,000 28,203 SOB, 2003 - 3.95% Public Improvement 67,000 24,696 67,000 22,097 67,000 19,497 67,000 16,897 402,000 46,793 SOB, 2004 - 3.88% Public Improvement 100,000 62,750 100,000 58,500 100,000 54,250 100,000 50,000 1,100,000 266,687 SOB, 2004 - 4.34% Public Improvement 50,000 12,600 60,000 10,800 60,000 8,640 60,000 6,480 120,000 6,480 SOB, 2005 - 3.60% Public Improvement 40,000 6,000 40,000 3,000 0 0 0 0 0 0 SOB, 2006 - 3.75% Public Improvement 60,000 33,338 65,000 31,988 65,000 30,363 65,000 28,738 870,000 178,256 SOB, 2009 - 3.16% Warren Road 424,000 11,660 0 0 0 0 0 0 0 0 Walkway Extension BAN, 2009 - 2.75% Total Debt $1,062,000 $206,645 $653,000 $162,619 $363,00 $129,617 $363,000 $116,177 $2,777,000 $526,419 Obligation PAGE 18 Page 1 of 1 Thank you, 500342300000 from the TOWN of ITHACA, for your Submission to the Local Government and School Accountability Data Exchange System on 03/01/2010 11:07:53 AM. 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