HomeMy WebLinkAbout2002 Annual Report Submitted to the NYS Comptroller LEI 7
ARCHIVE COPY
~ 8XCE 8 OR
ALAN G.HEVESI STATE OF NEW YORK ANTHONY R.NANULA
COMPTROLLER OFFICE OF THE STATE COMPTROLLER DEPUTY COMPTROLLER
110 STATE STREET DIVISION OF LOCAL GOVERNMENT,SERVICES
AND ECONOMIC DEVELOPMENT
ALBANY,NEW YORK 12236 Tel: (518)474-4037 Fax: (518)486L6479
February 27, 2003
Carvill,Alfred F.
Budget Officer
Town of Ithaca
_ _ 215 N.Tioga_Street _ ___ _ _ _ _ _
Ithaca,NY 14850
Dear Mr. Carvill:
In your recent letter you requested an extension of time for filing your annual
financial report.
Section 30 of the General Municipal Law requires that your annual financial
report "...be filed with the comptroller within sixty days after the close of thefiscal
year::.". The law further provides that "...the comptroller may extend the period for filing
such report for an additional sixty days...".
r',
Although we feel strongly that the annual financial report should be filed on time,
due to the extenuating circumstances mentioned in your letter we will grant you an
extension-of sixty days. Please submit your report as soon as possible,but in any case
not later than May 1, 2003.
_ Please contact us of this office at(S 18)474-40.14 if you have problems or questions _
regarding the filing of your report.
Very truly yours,
))./117
JERRY ZUSMAN •
Associate Examiner,Municipal Affairs
JZ/CC
i
67-- ---r4---' el.12-)
ARC )
All Numbers in This Report lift COP),
Have Been Rounded To
The Nearest Dollar -
ANNUAL FINANCIAL REPORT
UPDATE DOCUMENT
For The
. TOWN of Ithaca
County of Tompkins
•
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AUTHORIZATION
ARTICLE 3, SECTION 30 of the GENERAL MUNICPALLAW:
1. ***Every Municipal Corporation ***shall annually make a report of its"
financial condition to the Comptroller. Such report shall be made by the
Chief Fiscal Officer of such Municipal Corporation ***
5. All reports shall be certified by the officer making the same and shall
be filed with the Comptroller within sixty days after the close of the fiscal
year of such Municipal Corporation *** It shall be the duty of the __
incumbent officer at the time such reports are required to be filed with '
the Comptroller to file such report***'
State of NEW YORK
Office of The State Comptroller
Division of Municipal Affairs
Albany, New York 12236
•
Page 1
TOWN OF Ithaca
*** FINANCIAL SECTION ***
•
Financial Information for the following funds and account groups are included in the Annual Financial Report filed by
your government for the fiscal year ended 2001 and has been used by the OSC as the basis for preparing this
update document for the fiscal year ended 2002:
(A)GENERAL
(B)GENERAL TOWN-OUTSIDEVG
(DB)HIGHWAY-PART-TOWN
(FX)WATER
(G)SEWER
(H)CAPITAL PROJECTS
(K)NON-CURRENT GOV ASSETS -
(SF)FIRE PROTECTION
(SL)LIGHTING
(TA)AGENCY
(V)DEBT SERVICE
(W) NON-CURRENT GOV LIABILITY
All amounts included in this update document for 2001 represent data filed by your government with
OSC as reviewed and adjusted where necessary.
***SUPPLEMENTAL SECTION ***
The Supplemental Section includes the following sections:
1)Statement of Indebtedness
2)Schedule of Securities for Collateralization
3)Schedule of Time Deposits and Investments,
4) Investment Certification
5) Bank Reconciliation
6) Local Government Questionnaire
All numbers in this report will be rounded to the nearest dollar.
Page 2
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(A)GENERAL
Balance Sheet
Code Description4'2e:71,, 7: :;'�i!t, R:;} R°;'x:'h` '.. "s 4 2009 ,"Ed"'Code 1 n 2002
Assets
Cash In Time Deposits 869,686 A201 - 1,064,492
Petty Cash 300 A210 300
OTAL,Cash 869',986 _ ,1,064,7924
4
Accounts Receivable 475. A380 1,223
OTALLOther Receivables=(net) 4752 1,223
State&Federal,Other 438,726 A410 2,297
LTOTAL State And Federal Aid Receivables- _ , 438,726-° 2,297
Due From Other Funds 207,024 A391 ' -462,756
OTAL<D'ue From Other Funds- 207,024� 462,756'_
Due From Other Governments A440 518,779
[TOTALaDue From OtherGovernments i 0 _ - - 518,779q
Prepaid Expenses 31,717 A480 10,122
OTAL Prep esaid Expens , 31,717 10,122'
Cash,Special Reserves 384,915 A230 207,951
TOTAL°Restricted Assets• 384,915 '- - .,207,951.,
TOTALAssets - 1,932,843 ,2,267,920;
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Page 3 OSC Municipality Code 500342300000
•
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(A)GENERAL
Balance Sheet
drii?:n ,' � .y,=
Codefg :, w� s i.¢,°£ Fj 20Q1 EdKnIe :
Liabilities And Fund Equity -
Accounts Payable 3,704 -A600 3,704
'11OTALAccounts Payable
Accrued Liabilities - 60,055 A601 48,663
TOTALAccrued Liabilities '°' t 146 663
(TOTAL Liabilities - , ;, 63,759. '52,367�
General Reserve. = - 384,916 A870 207,951
OTAL Special Reserves_ g 384,915 . ;207,951
Unreserved Fund Balance Appropriated _ 361,691 A910 379,175
TOTAL Furid=Balance-Appropriated 361,,691 379,175
Unreserved Fund Balance Unappropriated 1,122,478 A911 1,628,427
TOTAL(Jreserved Fund Balance-Unappropriated ` b 1,122,478 - 1'628;427
[TOTAL`-Fund Equity i' f 1,869,084 . - 2;215;553
_
TOTAL Liabilities And Fund E ui r. e _ ' `41,932,843 2,267 920
C q ty � _
Page 4 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document .
For the Fiscal Year Ending 2002
(A)GENERAL
Results of Operation
-odexDescn tio`n ", .`. * .. �fi•.. ,w+. 2 ,1� i.iti E' _ ,
p m � '�`��; � �. .�_� _ ,,,:,'!ft.':'."�a.. �.. ��E'. . 00�_ �=� dpGocie";�` . 2002 ��
Detail Revenues And Other Sources
Real Property Taxes 926,807 A1001 939,083 ,
TOTAL Real property Taxes _ "' = - :_: _ w , _ 926 807 e , 939,083j ,
Other Payments In Lieu of Taxes 4,504 A1081 3,747
Interest&Penalties On Real Prop Taxes - - 8,374 A1090 11,146
TOTAL RealProperty Tax Items--�,` i` "a__ , 12 878 -' '- '= 14;8931
Non Prop Tax Dist By County 729,030 A1120 742,160
TOTAL Non-:Property Tax Items s__ , . . 74030 742,1;60
Clerk Fees - 2,670 A1255 3,264
Public Pound Charges,Dog Control Fees 7,099 - A1550 6,760
Contributions,Private Agencies-Youth 10,444 A2070 0
Other Home&Community Services Income ' , , _ 22,268 A2189 4,547
TOTAL Departmental Income 42,481 " ,' 14,571
Youth Recreation Services,Other Govts 20,273 A2350 50,169
TOTAL Intergovernmental Charges." 20,273 059
Interest And Earnings 76,271 A2401 44,613 -
Rental,Other(specify) A2440 16,489
TOTAL Use of'Money-And'Property° . , ' `o - 76,271 _ 61,102
Bingo Licenses - 468 A2540 533
Dog Licenses 1,958 A2544 1,846
TOTAL Licenses And Permits - !' ` 2;426 _ .2;3797,
Fines And Forfeited Bail 232,621 A2610 207,836
TOTAL Fines And Forfeitures , 232;621 a 207,8 6
Sales of Equipment 310 A2665 98
Insurance Recoveries 8,203 A2680 432
TOTAL Sale-ofProperty,And Compensation'For Loss ° = 8,513 , 530
Refunds of Prior Year's Expenditures 21,032 A2701 33,246
Unclassified(specify) 24,995 A2770 18,752
TOTAL Miscellaneous Local Sources _-„ _ . , - . u y - ,46;027 -,, 51,998_
St Aid,Mortgage Tax 205,360 A3005 347,119
St Aid,-Real Property Tax Administration - A3040 975
ST.Aid,Records MgmT. '- A3060 14,922
St Aid-Other(specify) - A3089 804
St Aid,Youth Programs 0 A3620
TOTAL State Aid , -, .,,.t
l �� �� � 205;360 _�_ ., 1 , 363,829
TOTAL Revenues _ - 2,302,687 ' - 2,448,541,
Interfund Transfers 279,247 A5031 181,997
_
TOTAL Interfund Transfers`. .;„, �,a "a, ` 279247 181,997;
TOTAL Other Sources _ . -- -- - " . -a 279,2,47 181,997-
TOTAL Detail Revenues And Other_Sources < ` 2,581;934 - 2,630,538'
Page 5 OSC Municipality Code 500342300000 '
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(A)GENERAL
Results of Operation
Code',Description. :w_ ,'' 2001 = _1 -QEdpCode ,`, , ;2002';'',1
Detail Expenditures And Other Uses
Legislative Board,Pers Sery 31,368 A10101 42,631
Legislative Board,Contr Expend 2,585 A10104 2,878
TOTAL°Legislative Board - 33,953 = 45,5091
Municipal Court,Pers Sery 88,270 A11101 97,076
Municipal Court,Contr Expend 144,802 A11104 135,279
TOTAL Municipal Court 233,072 232,355
Supervisor,pers Sery 44,112 A12201 45,074
Supervisor,equip&Cap Outlay 0 A12202 247
Supervisor,contr Expend 2,474 A12204 2,504
TOTALSupervisor 46,586 47,825
Auditor,Contr Expend 5,535 A13204 4,788
TOTAL Auditor 5,535,,' 4,788,
Tax Collection,pers Sery 15,057 A13301 13,508
Tax Collection,contr Expend 3,631 A13304 3,653
TOTAL Tax Collection `- ° 18,688 , 17,1611
Budget,Pers Sery 85,887 A13401 91,364
Budget,Equip&Cap Outlay 0 A13402 247
Budget,Contr Expend 2,211 A13404 3,276
TOTAL Budget e ° 88,098 94,8871
Clerk,pers Sery 64,398 A14101 82,860
Clerk,contr Expend 5,534 A14104 5,713
TOTALClerk ° ° 69,932 __ 88,573
Law,Contr Expend 68,403 A14204 32,812
TOTAL Law 68,403 32,812'
Personnel,Pers Sery 60,853 A14301 83,558
Personnel,equip&Cap Outlay 0 A14302 247
Personnel,Contr Expend 9,624 A14304 7,738
TOTAL Personnel 70,477- 91,543
Engineer,Pers Sery 172,906 A14401 190,053
Engineer,Equip&Cap Outlay 16,167 A14402 20,039
Engineer,Contr Expend 7,237 A14404 11,398
TOTAL=Engineer ° 196,310 ` , 221,4901
Elections,Contr Expend 12,115 A14504 10,414
TOTAL Elections 12,115 10,4141
Records Mgmt,PerS.SerV. 34,944 A14601 41,064
Records Mgmt,Equip&Cap Outlay 0 A14602 0
Records Mgmt,Contr Expend 19,571 A14604 5,540
TOTAL Records Mgmt , 54,515 46,604
Buildings,Pers Sery 31,973 A16201 38,530
Buildings,Equip&Cap Outlay 4,813 A16202 11,628
Buildings,Contr Expend 64,900 A16204 57,210
TOTAL Buildings 101,686` 107,3681
Central Comm System,Contr Expend 5,120 A16504 5,013
TOTAL°Central Comm System 5,120 , 5,0131
Page 6 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(A)GENERAL
Results of Operation
rCode',Descriptio i4. R n6. 47 . -;a, ' .- °°aF ---s I. R , .,2001 ``,, `EdpCodee`rL.,:"°'2002 1;-k,
Detail Expenditures And Other Uses
Central Storeroom,Contr Expend 5,586 A16604 4,657
TOTAL'Central Storeroom - o --- 5,586 �� 4,657
Central Print&Mail,Equip&Cap Outlay 0 A16702 0
Central Print&Mail,contr Expend 6,979 A16704 - 6,050
TOTAL Central Print&=Mail a 6,979 - - 6,050'
Central Data Process&Cap Outlay 18,657 A16802 7,545
Central Data Process,Contr Expend 27,675 A16804 26,549
TOTAL'Central Data Process a 46,332 4• - ° 34,094= '
Unallocated Insurance,Contr Expend 17,328 A19104 23,564
TOTALlUnallocated Insurance - _ of 17,328 _e 23,564
Municipal Assn Dues,Contr Expend 2,167 A19204 2,166 -
TOTAL:Municipai Assn Dues • = _ _ 2,167 2,166
Pur of Land/right of Way,Contr Expend 0 A19404 0
TOTALPur of Land/right of Way , 0 0:
Taxes&Assess On Munic Prop,Contr Expend - 21,128 A19504 24,870
TOTAL Taxes&Assess On Munic Prop.__ <_ ;,�• _ 21,1,28, -__ 24,8791
TOTALGeneral Government Support `- 1,104,010 x 1,141,743
Police,Pers Sery 11,978 A31201 14,804
Police,Contr Expend 74 A31204 0
TOTAL Police - ,12,052 14,804
Traffic Control,Contr Expen 5,229 A33104 5,577
TOTAL Control..71_ 5,229 5,577%
Control of Animals,Contr Expend 22,844 A35104 22,920
TOTALontrol of Animals - _ ‘�=C 22,844 r • 22,920,
TOTAL`Public Safety, 7., >- - 40,125 43,3011
Street Admin,Pers Sery 86,940 A50101 94,157
Street Admin,Equip&Cap Outlay 0 A50102 0
Street Admin,Contr Expend 3,991 A50104 2,842
TOTAL_Street Admin ' - - 90,931 _ :• - 96,9991
Garage,Pers Sery A51321 33,630
Garage,Equip&Cap Outlay 2,945 A51322 1,000
Garage,Contr Expend 42,704 A51324 66,091
TOTAL Garage t • • 1 ; 45,649' - - . 100,721`
Street Lighting,Contr Expend 33,301 A51824 32,286
TOTAL Street Lighting. -, • - , 33,301, `-,-,` i - '32,286J
TOTAL Transportation-., v 169,881 `- _ ,:t'.x 230,0061
Parks,Pers Sery 120,989 A71101 94,048
Parks,Equip&Cap Outlay 28,007 A71102 27,540
Parks,Contr Expend 45,245 A71104 28,417
TOTAL Parks _ 194,241 t 150,005'
Playgr&Rec Centers,Contr Expend 0 A71404 0
TOTAL.Playgr&Rec Centers ,- 0 0
Joint Youth Prog,Contr Expend 263,252 A73204 262,188
_ sm 263,252 =_ ° ' 262,188 TOTAL'Joinf Youth Progv - _ _
Page 7 OSC Municipality Code 500342300000
,, TOWN OF Ithaca .
Annual Update Document, - • _
- For the Fiscal Year Ending 2002 -
(A)GENERAL - - - -
Results of Operation - - -
- VOde'D,escflU n` •''a"'?, -k,a.. N, ,',7,,, °;% " :.,'_,< 4':'.:'4 Y + rt" 't'. a EG150O,(--i ,.2i015 , -- ,
Detail Expenditures And Other Uses - - -
Historian,'Contr Expend' ` ' ' ' _ 8,037-, A75104 - 8,037
TOTAL.Historiaoe{- = -__- = ''_- `_;'+- ▪ •- ,8"037
Celebrations,Equip,&,Cap Outlay -_ , 239. • A75502 929:
• TA =Caleb ations. .,
B 'a ,. .?23
�TOTAL Culture Ahd`cRecreation"� `" '..�n° _ >-- ,,�k�' --_ ,_ - _ •'_42 - -
_=,° _ r _ .- , �... � � � � � : -. � _. �;� _ `��465,76�9�F.`�o �," =421.,�58
Misc Home&Comm Serv,Contr Expend - - ' - 22,281 A89894 , - 25,574
TOTAL-Miselfini en8r Com n•Ser`u :?.c:' -,__ - tom" -" _. t22 281 - - 1 -= 4°' ,25 5741
OTAU'HomeAnd=Co ,A _, .- - x-:.�, ,,_ ,, ;a.�� .:�
mrriunity`Services R _ 22,281 �k ,, j®25,51:41
State Retirement System- - . ' , - 24,1,74 A90108 11,932
Social Security,Employer Cont ' , • 64,143 A90308 - 72,486
Worker's Compensation,Empl Bnfts 9,660 A90408 • - 8,830 ,
Life Insurance,Empl Bnfts- - - 1,216, A90458 .- . 1,806 . -
Unemployment Insurance,Empl Bnfts - _ - 1,080 A90508 0 -
Disability Insurance,Ernpl,Bnfts - ' 3;434 A90558 • 4,031 -
Hospital&Medical(dental)-Ins,Empl Bnft' '. - -, - 125,156 A90608 142,925
TOTAL"Employ - _ -- , . `-i_ -
j � _� _�� - , ��;"� � • X = 2$86 �`�� °���i_ �� �°242;0104, •
TOTAC.Eif enditii,!* . - _ 5' - - _ - `_ 2_ �._3 ;
„ �xp.. _, � _ °-, - -'` �s "� • - 2,030928. " 21.03'793
Transfers,Other Funds - - - - - - - 94,711' ' A99019 ' 2,000.
Transfers,Capital Projects Fund - , - , - - - " A99509 " . 178,276;
TOTAL'.4peratingTrcansf s -_ 1_. - '''f„� .r, a° :'7.- -- _kF _.
TOTAL Other Uses ` 1r,s _ - . ._ ---' .,. ;°,� - 94.11 z' ` - ▪,,'°`�180 276
TOTALg e .._ _ .- , 76, 0' _ _ .
Detail Expenditures AndAttier Uses,;_ _ §'. - g•: 2,15;640 = _ ,: _ g'228406,9
Page 8 - - OSC'Muniicipality Code 500342300000 '
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(A)GENERAL
Changes in Fund Equity
Code;Description` : ,r:` a 2001 ,3,EdpCode 2002.`r.
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 1,412,790 A8021 1,869,084
Restated Fund Equity-Beg of Year 1,412,790 A8022 1,869,084
ADD-REVENUES AND OTHER SOURCES 2,581,934 2,630,538
DEDUCT-EXPENDITURES AND OTHER USES 2,125,640 2,284,069
Fund Equity-End of Year 1,869,084 A8029 2,215,553
Page 9 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(A)GENERAL
Budget Summary
Code Desanptioit- ° -`' j' ''"` Edpode, , `O11010 20,02=', ° Modified 2002�--%7: :,Differen`cea, °: 'Adopted 2003 '
Estimated Revenues And Other Sources
Est Rev-Real Property Taxes A1049B 939,082 939,082 0 975,528
Est Rev-Real Property Tax Items A1099B 12,200 14,893 2,693 11,700
Est Rev-Non Property Tax Items A1199B 267,814 742,160 474,346 335,972
Est Rev-Departmental Income A1299B 31,000 14,571 -16,429 33,850
Est Rev-Intergovernmental Charges A2399B 63,129 50,169 -12,960 63,000
Est Rev-Use of Money And Property A2499B 22,000 61,101 39,101 72,300
Est Rev-Licenses And Permits A2599B 2,100 2,379 279 1,800
Est Rev-Fines And Forfeitures A2649B 200,000 207,836 7,836 205,000
Est Rev-Sale of Prop And Comp For Loss A2699B 2,500 531 -1,969 0
Est Rev-Miscellaneous Local Sources A2799B 9,000 51,998 42,998 18,000
Est Rev-Interfund Revenues A2801B 0 0 0 0
Est Rev-State Aid A3099B 165,000 363,819 198,819 379,270
Est Rev-Federal Aid A4099B 0 0 0 0
f OTALEstimated Revenues _ 1,713,825_ 2,448,539 r 134,714: 2 0
Estimated-Interfund Transfer A5031B 181,997 181,997 0 213,608
Appropriated Reserve A511 B 0 0 0 0
Obligations Authorized A530B 0 0 0 0
Estimated-Proceeds of Obligations A5799B 0 0 . 0 0'
Appropriated Fund Balance A599B 362,691 -347,326 -710,017 379,175
1 OTAL'Estirriated Other=Sources }`. '.�544,688 -- -_ =165,32S':_A-i_ 710;01-7$_ _:--�- 592 783
o„,
-. �- . . _ as
if OTAL Estimated Revenues And OtherSources 2;258,513 r 2,283,210 r:, ; .2i7;6977_-° 2;689i203
Page 10 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 3082
(A)GENERAL
Budget Summary
It«�*�&��hp�6H ��``' ^��������!�t�����`` � � ��O`"maM�uo2~\ �'.�o�0e6a082.�� �N��]x/dop�d�8o8�
Appropriations And Other Uses
Aop'General Government Support A1asSg 1.155.125 1.151.982 3.133 1.251.105
App'Education A2989B O O O 0
App'Public Safety A3999B 44.020 43.300 1.320 51.800
App'Health A4999B U 0 O O
App'Transportation A5999g 293,200 230,006 63.194 267.700
App'Economic Assistance And Opportunity A69998 0 O O U
App'Culture And Recreation A7988B 480.844 423.209 57.635 684.215
App'Home And Community Services A8999g 23.524 23.524 o 23.750
*pp'Employee Benefits A9199B 259,200 230.904 28,296 255,800
4pp'Debt Service A9899s o U o 152.833
LTOTAL-App `'ri*u�in's2,256,513 2,,102�935. -
--
Otho,oudoetaryPunpouoo Aeeus o o o n
App'|nhedfundTransfer A88898 2.000 180.270 '178.278 2.000
~' 180,276
upu,o�n ��� �» �Z���1r~l `` .��Vy����� �/2,089,203]
�
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(B)GENERAL TOWN-OUTSIDE VG
��Balance Sheet
L Ode Descn t10I1 , .¢ 4 x Z
u .- - p � �� �� ����� =5� ,�` � ��:..u�;�, ,§��:� °. ���.��, � 2Q0� �- �EdpGodA�
Assets
Cash In Time Deposits 387,519 B201 291,871
117OTAL Cash m
_ �`� °``" � � - � 387,519
Accounts Receivable 1,056 B380 350
TOTAL:Other Receivables:net
Due From Other Funds 0 B391 0
f OTAL-Due From°Other Funds _ _ — •
Due From Other Governments 0 B440 0
OTAL Due-From Other°Governments' $�
Prepaid Expenses 7,379 B480 144
TOTAL t?repaid Ezperises¢° - 3 — „ 144 7; 79
TOTALAssets
Page 12 OSC Municipality Code 500342300000
TOWN OF Ithaca
- Annual Update Document
For the Fiscal Year Ending 2002
•
(B)GENERAL TOWN-OUTSIDE VG
Balance•Sheet
•
dE:d0CcidatI
Liabilities And Fund Equity
Accounts Payable 721 B600 721
FOTALAccounts Payable >jr:
Accrued Liabilities 39,752 B601 33,492
'1:3S;49i
Due To Other Funds 0 B630 0
- -
[T,OTAL40-0-e-ITOf0t.beriFUncts:1:2°:
rf..077-4-fria:
Unreserved Fund Balance Appropriated 155,140 B910 258,152
Unreserved Fund Balance Unappropriated 200,341 B911
[FOTAL Unreserved Fund Balance ' 200,341 '
rLiTeTtAL
'L6747-,LiqW17;t7,, Fu-riTdrE, 77,777:!. 27:
Page 13 OSC Municipality Code 500342300000
TOWN OF Ithaca -
Annual Update Document - .
For the Fiscal Year Ending 2002
(B)GENERAL TOWN-OUTSIDE VG -
Results of Operation -
[Gotle,,1Des'cnption ;;4,a0.- - irl, ,1 . ; _ . 1!.. :y , , 20Pite 2 Etlp otl 2002 B"
Detail Revenues And Other Sources _
Sales Tax(from County) - -• 2'84,261 - B1120 ' 289,013
Franchises 47,583 B1170 - . 55,300 '
OTALon Pro artyTaxlte s �;°� -- __ _; __ ���..�,_�yy , v".-:' 331;87 _`_�,4,__ .�° �33.Zoning Fees - 56,028- 132110 67,841 -
-Planning Board Fees - • - __ 5;444 B2115 4,225 . ,
loTAL-.DeparEmental.:lncome4' u. _:=-=„a--; = at= :, -.61 472 - - - °M-r" 1.-i6!72;066
Youth Recreation Services,_Other Govts 0 B2350 , - 0
TOTAL Intergovernmental Charges;" ¢ 0; :_°' t, _" _01
InterestAnd'Earnings _ - -9,503 B2401 - . - 5,370,
TOTAL,i7seof Money Arid Property_F ` - -__` ` .11, „:', `' ,} - _- ,.,_,
Insurance Recoveries - - • 0 _ B2680 73
Other Compensation For Loss- 13,769 B2690 7,730
TOTAL„Saleof Property An Go p. - ' _�.e_ _ _ _; �. gn
p. �. _ _� _ �. d=E �► ensation For=Loss,� a 13�7�6�9 ,,;r��_��-��7;803a
Unclassified(specify) B2770 - 0
TOTALIVIiscellaneous,Lo'cal Sources- - - , _ ▪- : 14``y„ -. _ ,;,-: _ - ,3;".�.x 0
St Aid,State Revenue Sharing • , 74,465 B3001 . ' 72,096
mot
. i. TAL$State`Aiii° __,filia,:e°,. , . ;�_._'_:_ . s-� k. _7-41; 4=T'4465`::, "272,096_,
TOTALReveri = 'E _, --_ NR; 7'. ,_ -3x', - :.i - Nx/t ;m„ f'f:'s3::(
uesx.� _ _ _e_� � 1,053` ��_ , - a 301364$
Interfund Transfers - - - 720 B5031 - 0 ,
TOTAL}literfiind-Transfers'_- I- -` , _, ▪ , : ' , °`w, .720.` " a.4;;-, "2 ,`Q
TOTAL=`Q her-Sources`� '_ :, - =r 7<20 -',° '` i.'<i "'"_0,
1�_ � - .any -�`,R.:. `-5` -- " '` - - _. _�'. - _. ,
TO;fAL"�DetaihRevenues Agd`Other.�Sourcea, ____ _ _�__ °�qg=.___ - - --__ _"=491;773� -- ��,�.; ;,.;�50�1;G48�
Page 14 - _ - OSC Municipality.Code 500342300000
, .
. . .. .
TOWN OF Ithaca
- Annual Update bocumenf '
, . .
For the Fiscal Year Ending 2002
. ,
. ,
(B)GENERAL TOWN-OUTSIDE VG - . .
, .
,
Results .- of Operation ' . J- .
TiMQ05 -', ''': 1: 013070114.0 r:'.-;tc,1-2-0:0Ite-';',';:
Detail Expenditures And Other Uses
Auditor,Contr Expend , .. . . 850 B13204 800
T'ZiAlpk0d'it:6-,r;_r-'1,11,t3a4IV,'",_-_,_:,,-;•$2-71,,' ;.,;:--',„:„....;''',"--:''',', :'"'' :'-F...'%_:.•'-",.-1::,7:77:77-7-j,"' :::... -:-,":',,v:::,,71i36-77*-"Xttil,. ..':4„-,''''-'')-",.,,,,--keitiot
Law,Contr Expend . 35;026 814204 ' 53,584
ft'OIALAlaw•Is.7,-;-?:7,;-7-''''.. ;;;LP!",'4f-'-.-4.41:3741..•14-J-i'.;;', :•.:`,'::'-;',,='''',''''',. ''S:',;-.'''''7'.;'I,•i';';',7; ---' ','.i::A-''nfk-;Za':4`:'---iSJk0'g.P. in -
---,17'-'':
Central Comm System,Contr Expend., , „ _ -3,182- ,B16504 2,625
tt-OITAL,,!,:ci!ehtt41;c*ic S.,'.4t-e*"'f;It7;';•> --X-".:2', ,;*5::':11.,!:0- e:•`•;"•',:' ' ..','"„:;-;:-.''''''--q44,7J ''',--5::!:'':7:, .',--ii32';':'-.±21--;i:1,t;;;V*7.0::'''C'f.'';-2:*: 412i
Central Print&Mail,Contr Expend 2,244 - B16704 2,289
-1,;OTALIC:e'nfralrfaitritA80-41 -7, 7, 1:7--_,•-;;!,,,,,''''',' `` ;-.' '''- - , '',..;--„i 7, 4 '.' ;Zirai4,-r-r--,- ;,,-4---1,7'-:::::' - .,(Ifil---T,i1....14;i4
Central Data Process&Cap Outlay . _ . • 0 B16802 1,530
Central Data Process,Contr Expend - - - - 4,98-7 ' B16804 - 7,229
, TOtALie,eiitiit;to*Ploce41--t-if-.-,;;;;',..-4.A.,,,,;:tf::-.,`.',,,r,.:,.:,;Zli-,--,,,,--_-':,-;;;;:: :,•',T,-V''.:7,-..-:---:;; :,-.!.:::''''-';A:=: :-;,',007 -5,-::::=7:-:'71-7'::.:'T--, -:,'L--;:7",-,1----:;'70;7,661
Administration-Contractual - . . 0 .B17104 0
- [i.„91.41-Adniirricsit0fon-CiintfiCOar;I:i,,, ,,'',:•;• ::fr,,•,;,,,,,,''''''e:2,---',•;,„'',,f:re,',:-'-'1,,'-; „ :',.4.1-1',' ;,2-,:•-•?---2 -':;:' '''-'''''•1:--7 ,41",--(i, '11:::,!..;-;',--:•;.",i0-*'• .' '''14'''?,,;.'.-',,t77:74;10,-,, '
_Unallocated Instirance,Contr Expend '. ' . .11,035 B19104 - 8,139
TtiTALIIii.0)160;atediti*Iran*r1-: :',, •,i•t:',...-.t-;::::n;::::1'jt.;;,11:1.1.2,,::'4,.,-1:',-''',,7-,!,.,-2'17,:;:-'1?:,:-...,,,,,..-,:---,,-,..:',:::,i;,tivili-05::--,,,,ks .„-;,:::,',..7:,:;.:,-,,-;-,,,--4-,-3,-,--":8T4:44j
0744- ,---,7 ,196
Playgr&Rec Centers,Pers Sery , , . - ' ' 0 B71401 0 -
, .
.
Playgr&Rec Centers,Equip'&Cap Outlay .
,
, . 0 ,B71402 . 0
Playgr&Rec Centers,Contr Expend . - . . . , ..._ , - 0 B71404 - _ 0
, „9.TAL0.14,ciii&-',Ft:eceiiie'ri...4•:-.-..-.;:,%'.:i''‘'-',7,7:-,--li•Ti'..•;4!":::',4.--„;111-..--;,,-'-r.:1,--'-;:,', ---',,'4'.j''',-;,::::.'17-,:1,;::,' ,.,`1--;!,-.1,' !•-•-:-..-,': F,--4,0'f,„1-:::,'4"?7,--1-.*I2;!:;7'',4:-'.-!P-AZTS41
ITPTALAdit4tiAh.cl::Recreado* i, ,f,-?:-.'-1-7,',';.*':',At:-:,:;:.-,.,-.:-:.;;., :,--':.,, ' -,',..;'„---,1.-;',:: 77,:_r_cA:!:::7".,„it 0:Sit'zr--;:_-_.L -.,
Zoning,Pers Sery . ' 127,061 B80101 137,105
Zoning,Equip&Cap-Outlay . ' 19,061 B80102 20,189 - -
._.
Zoning,Contr Expend , . ,- 5,473 B80104 _ - 5,515
:DrAL4orihig•Artir,,r4E-;-1-4,-;',.'-t.,;:,!: :',.,.,-,„-::,-4,•;-,,,',,-•-°,:,;,,,,.*::-_-;_i:`',,:',,,,,„ ,„:',",ti::-..',.,--t:-'-'..7:::j.f,-:.:„;':p,-7:---e )f-,,3',. _-1,_-4:t:15:1-i5Ot:i'- ',:-.:--z--:-.-. ,-,-.11 ,":,i',':-',.',;::V:f7---:c410,§Ot- .,
Planning,Pers Sery' -, ' - -• - 194,975 .•- B80201 230,117 •
Planning,Equip&Cap Outlay . . , B80202 -. 717
Planning,Contr Expend . -
. 39,094 B80204 ., 18,051 tr..6,TA:VO-Aririttig'.''.,';'-..ft..-4;12';:•":' ',„'''t,'7_'...7',1"',,W?:::::?,V s',•2-4A-3S.:07,..,t,;•?,:11,'-,_11;-,, ,',,,i'.•,,i,1,'''''',,s,:;:,',„17;,' 'iq--;-;t:',.,,,,;i3400041,,:„.11:-*-i-:-.Rf-Z-:;?„''',,,',,,_,' 0017:5j
' IT,•07-#7,1-41-H•ZOP.6..,A0f.„9.7411.1infriiiitil'841511,P,e-le-F- .1„,,;--;T:- -;:-.74b:72.:'_'5-,„ii;::,:', ;','.1:-I'?„4,',.i.--''''''':-"•:-../•.--,,' ----;:,:',?'`..:I 386A04 7,',#4360,41 -
State Retirement,Empl Bnfts , 1,776 B90108 - , • 3,952
.
Social Security,Empl Bnfts ', - , 24,584 B90308 27,975
'Worker's Compensation,Empl Bnfts ' , , 2,829 '- 139040-8- 2,300
Life Insurance,Empl Bnfts . . _ 448 B90458-.,': 672 ' „
, Disability Insurance;Empl Bnfts. - 1,370 B90558 - 1,510
Hospital&Medical(dental)Ins,Empl Bnft . .
' - 43,003 B90608 , - 49,425
. -
IT9IAL`gnIliptpyee"-2130:nefit05;,-,3,i,J7:4,„ ","1-",„:=-:-,,f,:f-',:-:''','„:',::::-,. .•:i.:‘-'._;::-.,i7-'‘..iif.=-X-ff:::_--:-'1.7'...'-'!"'''"'-nt- ..,,-35,---2,;--,3:4;940 ,:ht,:,;.---;-1,•:T')„.----i:11-;: ' t t,',.4.0,15,0-3-4,1
11-9,719-ExPeh_ditOrk,';'''.•.-::i';' ,' `i.'::',-A-,:'.- 1--':: :::-.,:,:_'q'''''-7-P•,•4-''''k'''''''' '''.:t.f-T7'"';''--I'';:',. '-i- -'''n'''F.I''''„4:.'",;,.--Ilt,f64?8 -.1.-.7;i::,..:,;,;?::::--';J:14-,'', 04701
Transfers,Other Funds , _ , . . 15,880 B99019 - ' 25,253
* , .
. .
. _ . .
. , .. Page-15 ,
osp Municipality Code 500342300000
. . . .
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(B)GENERAL TOWN-OUTSIDE VG
Results of Operation
oldeltiACOPtion%:: ::: ,,„-['e'4,'7-I.:5:, 'tch5cod-6.4.b,
Detail Expenditures And Other Uses
Transfers,Capital Projects Fund 0 B99509 0
TOTAL Operating Transfers ' = ' 15i886-,7' 2 !--•'25-, 5i1
15;880 — , 5";253
iTOTADetail-ExPend!Wei-And'Ot*Uees 532 8 59-891:11
Page 16 OSC Municipality Code 500342300000
TOWN OFIthaca
Annual Update Document
For the Fiscal Year Ending 2OO2
(B)GENERAL TOWN-OUTSIDE VG
Changes in Fund Equity
-200f��� ����cx66���,��`«�002,,��K�
um/u'YS|S OF CHANGES|m FUND EQUITY
Fund Equity'Beginning o,Year 396,586 e8021 355,481
Restated Fund Equity'Beg ofYear 396,586 ouoou 355/481
ADD'REVENUES AND OTHER SOURCES 491.773 501.048
DEDUCT'EXPENDITURES AND OTHER USES 532.878 598.977
Fund Equity'End pfYear 355.481 0000e 2e8.1e2
�
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/
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/
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i
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(B)GENERAL TOWN-OUTSIDE VG
Budget Summary
ode Description '° . ' • , EdpCode Original 2002 Modifiedi2002 Difference dapted=2003`
Estimated Revenues And Other Sources
Est Rev-Real Property Taxes B1049B 0 0 0 0
Est Rev-Real Property Tax Items B1099B 0 0 0 0
Est Rev-Non Property Tax Items B1199B 327,013 344,313 17,300 410,643
Est Rev-Departmental Income B1299B 42,000 72,066 30,066 46,000
EsT.ReV.-Intergovernmental Charges B2399B 0 0 0 0
Est Rev-Use of Money And Property B24998 5,500 5,370 -130 4,200
Est Rev-Licenses And Permits B2599B 0 0 0 0
Est Rev-Fines And Forfeitures B2649B 0 0 0 0
Est Rev-Sale of Prop And Comp For Loss B2699B 21,500 7,803 -13,697 12,000
Est Rev-Miscellaneous Local Sources B2799B 0 0 0 0
Est Rev-Interfund Revenues B2801 B 0 0 0 0
Est Rev-State Aid B3099B 70,000 72,096 2,096 70,000
Est Rev-Federal Aid B4099B 0 0 0 0
TOTAL Estimated Revenues 466,013 501,648 - 35,635 542,843
Estimated-Interfund Transfers B5031B 0 0 0 0
Appropriated Reserve B511 B 0 0 0 0
Obligations Authorized B530B 0 0 0 0
Estimated-Proceeds of Obligations B5799B 0 0 0 0
Appropriated Fund Balance B599B 155,140 97,186 -57,954 144,879
TTOTAL Estimated Other Sources 155,140 -97,186 -57,954 -, 144,879
TOTAL Estimated Revenues And Other Sources 6-21,15'3 598,834' -22,319 687,722
Page 18 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(B)GENERAL TOWN-OUTSIDE VG
Budget Summary
Code'Description :; tr 4-,.' EdpCode° Original 2002 Modified 2002 `:-Difference, j*'Adopted 2003
Appropriations And Other Uses
App-General Government Support B1999B 72,400 76,053 -3,653 62,170
App-Public Safety B3999B 0 0 0 0
App-Health B4999B 0 0 0 0
App-Transportation B5999B 0 0 0 50,000
App-Economic Assistance And Opportunity B6999B 0 0 0 0
App-Culture And Recreation B7999B 0 0 0 0
App-Home And Community Services B8999B 428,650 411,694 16,956 429,650
App-Employee Benefits B9199B 94,850 85,834 9,016 93,000
App-Debt Service B9899B 0 0 0 0
TOTAL Appropriations, , — 595,900 , 573,581 22,319 634,820
Other Budgetary Purposes B962B, 0 0 0
App-Interfund Transfer B9999B 25,253 25,253 0 52,902
TOTAL,Other Uses _ _a_. v _ _ __, '25,253_ T 25,253 ,_ _ 0 _ 52,902
TOTAL Appropriations And Other Uses`, 621,153 598,834- 22,319 _ �687,722
Page 19 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(DB)HIGHWAY-PART-TOWN
Balance Sheet •
Code Description' ,-}° '4'!'.` , ', *'a. ;". ice° 1:2001'-,_ t.i °EdpCode£ „ ,''0:fa002_ ?'3'
Assets -
Cash In Time Deposits 799,656 DB201 525,821
Petty Cash 200 DB210 200
f OTAL Cash • , 799,856 - 526,021
Accounts Receivable 979 DB380
1 OTAL Other Receivables(net) ; , 979 0
State&Federal Receivables 0 DB410
1 OTAL State And FederalsAid Receivables •0 = t0
Due From Other Governments 1,563 DB440
TOTAL Due From Other'Governments 1,563
Prepaid Expenses 30,131 DB480 144
TOTAL Prepaid Expenses , 30,131 - ` 144
Cash Special Reserves 4,878 DB230 5,662
OTAL Restricted Assets . e 4,878 _ 5,662
TOTAL Assets ___ , ' 837,407 - -531,8271
Page 20 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document -
For the Fiscal Year Ending 2002
(DB)HIGHWAY-PART-TOWN
Balance Sheet
p—de Description Rf. :_ :h° w j ,L fl ..2�01 =`` EdpCodeX PNIV:f2002,
Liabilities And Fund Equity
Accounts Payable - 8,290 DB600 8,290
TOTAL Accounts Payable: 8,290 8,290
Accrued Liabilities 33,020 DB601 35,805
TOTAL Accrued Liabilities -33,020 35,805
TOTAL Liabilities 41,310 44,095
Capital Reserve 4,878 DB878 5,662
'TOTAL Special Reserves 4,878 _ ,• 5,662
Unreserved Fund Balance Appropriated 299,192 DB910 337,007
[TOTAL Unreserved Fund:Balance-Appropriated -.299,192 a _: 337,007'
Unreserved Fund Balance Unappropriated 492,027 DB911 145,063
(TOTAL Unreserved Fund Balance-Unappropriated` 492,027 145,0631
TOTAL Fund Equity
_f - 796,097 � 487,7321
�--- q tY = s=_
r--___.._ .__v , _
TOTAL Liabilities And Fund Equity 837,4-07 - ; - 531,8271
Page 21 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(DB)HIGHWAY-PART-TOWN
Results of Operation
`Ode'Descn'tion r -V,,,? iti-E,°�,.'
�,_. ,�.� _.P__� " �� �.� �. � _
Detail Revenues And Other Sources
Sales Tax(from County) 1,284,293 DB1120 1,305,761
a
TOTAL Non_Property,TaxItemsT _ _ - _ __ ��= 1,284;293� %1�3b5,7E%l
Transportation Services,Other Govts 42,639 DB2300 35,779
TOTALelntergovernmental.`Charges-= --_-46397- :_ _ � - ;� 35;779
Interest And Earnings 20,453 DB2401 10,855
TOTACUse-of MoneyAnd
Sales of Equipment 19,750 DB2665 30,191
Insurance Recoveries 2,123 DB2680 2,170
TOTAL Saeee-of_PropertyAnd'•CompensationFor Loss _,-- - = 873 _ - ` � 1
Unclassified(specify) 0 DB2770 140
TOTAL MiscellaneousELocalSources -_; ='a 0` -140
St Aid,Consolidated Highway Aid 51,254 DB3501 51,282
TOE TAL Stafe'Aid' ___ _ ��s?:� � � �- �_ �"��,.°; _ 517254 °
TOTAL'Revenuesd ` 1 420;512' _-__ r "1;436078»
Interfund Transfers 1,530 DB5031 938
TOTALIn`terfundTransfesp'= = 1 530 938
TOTAL`Other'Sources;=- ;,
OTAE Detail Revenues And Other Sources`___
Page 22 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update.Document - -
For the Fiscal Year Ending 2002-
(DB)HIGHWAY-PART-TOWN- Results of Operation -
CodeaDesc Lion- �'���.:"��� �,,. '� ;� ��, , ���� � � 20(3�' ?��EcipCode�
�P -_. � :. ��' k�€�� ",3a Hai. ��.� `riz'.�,`:�:P =� :. . 1';•,3
Detail Expenditures And Other Uses
Administration-Contractual 5,052 DB17104 5,081
Tr'ETA Administratiion=0,,ontractual°
Unallocated Insurance,Contr Expend - _ 22,040 DB19104 ,: 30,506
TOTAL3UnallocatedElnsuranee __-°° __, p r . , : :y . ,n 522;040 .° ;, z30,506
- TOTAL`GeneralGovernmentiSu" `ort= ` __ `_= _ - =2T092 _ `- t35587�
Maint of Streets,Pers Sery 266,443 DB51101 320,356
Maint of Streets,Contr Expend - 118,012 DB51104, 80,834
iTOTALMaint ofSf�eets' :- %'__°' .3841465
� "� _.-_ - °mod. -
Improvements,Pers'Sery - _ 102,125 DB51121 158,559
Perm Improve Highway,Contr Expend - - - 174,206 DB51124 178,042
TOTAL Peeiri lm rove Hi tiwa :a"
y aa�p
ze
Machinery,Pers Sery - 37,016 DB51301 '52,628
Machinery,Equip&Cap Outlay - 122,507 DB51302 172,519
Machinery,Contr Expend - 83,763 DB51304 81,041
e 3 - s a- _�. " - -- - _ --__�.- - - - moo= ..,�•>.a. ,
T.OTA
i." - [:llllacfiinery e>-
Brush And Weeds;Pers Sery - 43,595 DB51401 42,412
Brush And Weeds,Contr Expend - 12,813 DB51404 14,181
- Snow Removal,Pers Sery - - - 56,343 DB51421 99,806
Snow Removal,Equip&Cap Outlay • 14,592 DB51422 0
Snow Removal,Contr Expend - - 76,057 DB51424 " 91,942
(TOTAL Snow Removal " 14699,2 r 491,748
:1,407 472
State Retirement,Empl Bnfts - - - - 8,491 DB90108 - 10,149
Social Security,Empl Bnfts 38,496 DB90308 51,414
Worker's Compensation,Empl Bnfts - • 28,418 DB90408 35,672
Life Insurance,Empl Bnfts - - - 1,088 DB90458 1,948 -
Unemployment Insurance,Empl Bnfts ; 0 DB90508 3,442
Disability Insurance;Empl Bnfts - - 2,477 DB90558. 3,507
Hospital&Medical(dental)Ins,Empl Bnft 110,570 DB90608 161,189
`TOT�4t.;Employee Benefifs' "� __ ram, ,; ., e_ "> _�
TOTAL.Ek enditures - _` -=- __ 1'324104 ';$95.228
Transfers,Other Funds • 15,880 .DB99019 25,253,
Transfers,Capital.Projects Fund - 75,030 DB99509 125,000'
TOTAL:Oper`a tjngiTransfeis`` ` -_ 6 -> .:
TOTAL`Other Uses.._ z � 90;9 D>� 14 � , = 150253:
TOTALDetail`Ex`'-endi ures°And;OtFier" ses �. : 1s4150�it - � _ `' '_;`!':=1`745°48.1
Page 23 - OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(DB)HIGHWAY-PART-TOWN
Changes in Fund Equity
ode Description L4 2001 .` ;EdpCode _ , 2002
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 839,851 DB8021 796,097
Prior Period Adj-Decrease In Fund Equity 50,782 DB8015
Restated Fund Equity-Beg of Year 789,069 DB8022 796,097
ADD-REVENUES AND OTHER SOURCES 1,422,042 1,437,116
DEDUCT-EXPENDITURES AND OTHER USES 1,415,014 1,745,481
Fund Equity-End of Year 796,097 DB8029 487,732
Page 24 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(DB)HIGHWAY-PART-TOWN
Budget Summary
_
odewDescription , q.°=n�e := :;i,, =,e °;:, EdpCode, `r Origin i 2002; Modified 2002. ._. 'Difference -<-Adopted.2003
Estimated Revenues And Other Sources
Est Rev-Real Property Taxes DB1049B 0 0 0 0
Est Rev-Real Property Tax Items DB1099B 0 0 0 0
Est Rev-Non Property Tax Items DB1199B 1,3,05,761 1,305,761 0 1,394,065
Est Rev-Departmental Income DB1299B 0 0 0 0
EsT.ReV.-Intergovernmental Charges DB2399B 13,000 35,779 22,779, 38,300
Est Rev-Use of Money And Property DB2499B 12,000 10,855 -1,145 10,000
Est Rev-Licenses And Permits DB2599B 0 0 0 0
Est Rev-Fines And Forfeitures DB2649B 0 0 0 0
Est Rev-Sale of Prop And Comp For Loss DB2699B 40,000 - 30,191 -9,809 40,000
Est Rev- Miscellaneous Local Sources DB2799B 3,500 2,310 -1,190 3,000
Est Rev-Interfund Revenues DB2801 B 0 0 0 0 ,
Est Rev-State Aid DB3099B 60,000 51,282 -8,718 50,000
Est Rev-Federal Aid DB4099B 0 0 0 0
TOTAL.Estimated,Revenues - .- _ , 1,434,261, _ -- 1,436,178;o , 1,917 -_ -1 535;365
Estimated-Interfund Transfer DB5031B 0 938 938 0
Appropriated DB511 B 0 0 0 0
Obligations Authorized DB530B 0 0 0 0
Estimated-Proceeds of Obligations DB5799B 0 0 0 0
Appropriated Fund Balance DB599B 299,192 308,365 9,173 337,007
TOTAL Esttimated,:Otheriources;'` r;- - a_ =299,192'`__ _ ',309,303 � n`10,111��a�:- -_ 07;337,0
f TAL-=LEstimatedRevenues And-Otr S heources ,- _ , , �'=1;733,453 " a= ,1;745,481 ° __12,028 „� 1,872,372 O
Page 25 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(DB)HIGHWAY-PART-TOWN
Budget Summary
;ode Descriptiona__0 - - -_ . ;a -Ec,Code{ _ O-r ginaIW2002 Modifred 2002,`,, Difference; h^ $Adopted3'2003
Appropriations And Other Uses
App-Transportation DB5999B 1,416,800 1,327,907 88,893 1,512,970
App-Home And Community Services DB8999B 0 0 0 0
App-Employee Benefits DB9199B 291,400 267,321 24,079 306,500
App-Debt Service DB9899B 0 0 0 0
TOTAL Appropriations-: - 1;708,200 ;= 1_4_=1,595,228 1.12,972_ 1,819,4701
Other Budgetary Purposes DB962B 0 0 0 0
Interfund Transfers DB9999B 25,253 150,253 -125,000 52,902
TOTAL Other,:t es .s _.';' -= 25,253 150,25 -125,0 52,9
I OTAt'Appr'opriationskAnd Other Uses " 77' 1;733;453 1;745,481`- tl` -12,028. F_xy ' °1,872,372$
Page 26 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(FX)WATER
Balance Sheet
1Code.Descriptiore2, ,' ,Vy. _ :s ' 4y ::'''''in:--,-, ,". ,. . -; 0, :;2001 h°, 'Ed0Code t: ,,w`2002'
Assets
Cash In Time Deposits 671,966 FX201 433,792
E OTAL Cash ` 671,966 , , _ ' 433,792
Water Rents Receivable 193,893 FX350 111,815
Accounts Receivable 115 FX380 62
'TOTAL Other Receivables(net) 194,008 r _ 111,877
Due From Other Funds 18 FX391 0
TOTAL Due From Other-Funds _ , 18' _ i 0
Due From Other Governments 0 FX440 4,718
'TOTAL Due From'Othe,Governments �''� `-f' ' ' _ - = 0 _ e 4,718
Prepaid Expenses 8,940 FX480 144
OTAL Prepaid Expenses- -- o , - 8,940 ;_ - 144
'TOTAL Assets - ' _ _ _ _ 874,932 - `° 550,531
Page 27 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(FX)WATER
Balance Sheet
Liabilities And Fund Equity
Accounts Payable 69,645 FX600 69,645
frOTAyAcco,unis7Wiy01,4``'2,-, - - Is6R,64,51
Accrued Liabilities 183,733 FX601 110,265
OTAWACcrtied - _ ,265
Deferred Revenues FX691 4,719
il-QTALfieferrectiReVen`ueSL2„,,_!-N- , -1,f,L 1;t1
•
Unreserved Fund Balance Appropriated 0 FX910 -5,182
frOTAIE21.Irge:sefve4-F:u4Bplanee;'i4iSoP:ria'tesl, - 021
Unreserved Fund Balance Unappropriated 621,554 FX911 371,084
FOA(Onr-eSeiV0''Fb-nit-,13alartd-ST;'004P-Piiiiirrated') =
TOTAL Funtf-Eqtlity : - - ° , - _ ,62-71;55:ft,
OTLiabflities And Fid Equity
iztfj ' ::-?;q50,53:1
Page 28 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document -
For the Fiscal Year Ending 2002 -
(FX)WATER
- Results of Operation
a Q 1 ad
Detail Revenues And Other Sources'
Special Assessments Ad Valorem - 395,926 ' FX1028 399,236
TOT AL=F2ea1 Pro e _Taws _ Ps_ � � s;:_.
P rtY: ����� _ °�� _ - °`.�,kr ' : °�395926�°' _ ��_ .. �° _: _,399236`
Metered Water Sales 1,468,116 FX2140 1,470,745 -
Water Service Charges 1,736 FX2144 7,213-
Interest&Penalties On Water Rents - 23,761 FX2148 15,857
Other Home&Community,Services Income 0 FX2189 0
VIAL:De artmental Incorrieg - n` =P ' ;°1`493;fi13 1 493,813
Service For Other Govts 470 FX2378 472
TOLALlntei overnmentaG.Cfiar es= _ w s= a _= 470 f " °472
Interest And Earnings 25,680 FX2401 -10,627
,,p. _ R° • . ,°nsa "' a 25"t8Q' _ 1O ti27
xs-
�'OTAL�Use of MoneyAnd Property _ _ ..� "�r
Insurance-Recoveries 475 FX2680 . - 300
fOTAL Sale_of Pro ert And=Com=ensation-For:Loss= 475 _ _ R` 30'0`
- -Refunds of Prior Year's Expenditures - . 0 FX2701 11,352
OTAt ilis`cellaneous Local`Sources; ; . ;`� 0 � 11;352
OTTAL RevenuesA� ,9 6, 4= ,,9 5,802
Interfund Transfers - 227 FX5031 950
TOTAL Interfund-Transfers
T,OTALOther Sources ` a°
OTQL betail.Reveriues`And,OtherSnurces ,� 1`,816,391; n1,916,'152
•
•
Page 29 - OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(FX)WATER
Results of Operation
- .&- " ,° 2001,'- "Etl Cade
Code;LSescription 4 ',' .w� 1 'o
Detail Expenditures And Other Uses
Credit Card Fees 0 FX13754 0
E OTAL"Credit Card`Fees
Law,Contr Expend 3,521 FX14204 2,326
a w . _ 3121 ---T.2;326
Central Print&Mail,Contr Expend 2,026 FX16704 1,296
TOTAL Central,Priintt&'Mail`"-- >- _-
Central Data Process&Cap Outlay 0 FX16802 2,585
Central Data Process,Contr Expend 6,465 FX16804 10,907
TOTAL''Central;Data;Process ; ry 5
Administration-Contractual 10,364 FX17104 18,021
TOTAL Administration-Contractual7:77 - 170,;364
Unallocated Insurance,Contr Expend 9,626 FX19104 0
TOTAL Unallocated Insurance= , - 9,62'6 tee`' «0
TOTALGeneral Government Support - _- -
� _.._��� _ -- - -_- - - - -- �`�_� 320027--� "� -2,35;135
Water Administration,Pers Sery 9,265 FX83101 27,780
Water Administration,Contr Expend 315 FX83104 348
f OTAL Water Administration .µ 9;580 - e x " '.^28;128
Water Trans&Distrib,Pers Sery 64,068 FX83401 " 50,976
Water Trans&Distrib,Equip&Cap Outlay 438 FX83402 14,414
Water Trans&Distrib,Contr Expend 126,336 FX83404 110,527
TOTAL Water,Trans&'Distr b _- ;180,842 a
_ e ._. '' � r— '°175;917�
Common Water Supply,Contr Expend 1,022,632 FX83504 1,025,443
TOTAL_Common_Water Supply„ .__a,- g° _- .'1,022,632 1,025,443
Other Water,Contr Expend FX83894 0
TOTALO tfier Wafe�x_w` - -° �.
i . _
1 OTAI Home And Community Service's E- -;- &` K "°` 1°,22010546 £_a e,1 229;4881
State Retirement,Empl Bnfts 231 FX90108 190
Social Security,Empl Bnfts 5,646 FX90308 6,151
Workers Compensation,Empl Bnfts 1,344 FX90408 1,079
Life Insurance,Empl Bnfts 86 FX90458 64
Disability Insurance,Empl Bnfts 196 FX90558 141
Hospital&Medical(dental)Ins, Empl Bnft 8,105 FX90608 4,650
L OTAL,Eii�ployee>Benefits sus - _ - _ ._F �: e= rt Q .15,6081 _ �N _ _°12;270
OTAL Expenditures = 1 270,664'$ ' _., - 1,275499j
Transfers,Other Funds 407,079 FX99019 407,878
Transfers,Capital Projects Fund 300,000 FX99509 487,628
TOTAL Operating Transfers` 707 079 z,:
DOTAL-OtherUses - �` ' � - " �
•707;079 � �� �895;506
T OTALiDetail Expenditures And Other_Uses' _` a ` 77 743 t
Page 30 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(FX)WATER
Changes in Fund Equity
Code Description - . . ` ' 2001 EdpCode; ,i 2002
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 682,906 FX8021 621,554
Restated Fund Equity-Beg of Year 682,906 FX8022 621,554
ADD-REVENUES AND OTHER SOURCES 1,916,391 1,916,752
DEDUCT-EXPENDITURES AND OTHER USES 1,977,743 2,172,404
Fund Equity-End of Year 621,554 FX8029 365,902
Page 31 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(FX)WATER
Budget Summary
;Code Description ',A__',. e ' EdpCode ` Original 2002 , Modifi0;2002 'r Difference m=� ;;AdOted,2003`-
Estimated Revenues And Other Sources
Est Rev-Real Property Taxes FX1049B 399,236 399,236 0 401,541
Est Rev-Real Property Tax Items FX1099B 0 0 0 0
Est Rev-Departmental Income FX1299B 1,313,000 1,493,816 180,816 1,313,500
Est Rev-Intergovernmental Charges FX2399B 2,000 472 -1,528 2,000
Est Rev-Use of Money And Property FX2499B 5,400 10,627 5,227 10,000
Licenses And Permits FX2599B 0 0 0 0
Est Rev-Sale of Prop And Comp For Loss FX2699B 0 0 0 0
Est Rev-Miscellaneous Local Sources FX2799B 0 11,652 11,652 0
Est Rev-Interfund Revenues FX2801 B 0 0 0 0
Est Rev-State Aid FX3099B 0 0 0 0
Est Rev-Federal Aid FX4099B 0 0 0 0
TOTAL Estimated Revenues 1,719,636 '1,915,803 196,167 1,727,041
Estimated-Interfund Transfer FX5031 B 0 950 950 0
Appropriated Reserve FX511 B 0 0 0 0
Obligations Authorized FX530B 0 0 0 0
Estimated-Proceeds of Obligations FX5799B 0 0 0 2,050,000
Appropriated Fund Balance FX599B -96,327 255,651 351,978 -5,182
(TOTAL Estimated Other Sources 96,327_ ,a 256,601 352,928. . s•2,044,818
TOTAL Estimated Revenues And Other Sources 1,623,309 � 2,172,404 549,095 ~ 3,771,8591
Page 32 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(FX)WATER
Budget Summary
;Code Description , a_ A EdpCode Original 2002 Modified 2002 ,Difference Adopted 2003
Appropriations And Other Uses
App-General Government Support FX1999B 29,851 35,134 -5,283 31,496
App-Home And Community Services FX8999B 1,170,200 1,229,488 -59,288 3,332,200
App-Employee Benefits FX9199B 15,380 12,276 3,104 13,865
App-Debt Service FX9899B 0 0 0 0
fTOTALAppropriations 1,215,431 1,276,898 -61,467 ' . 3,377,561
Other Budgetary Purposes FX962B 0 0 0 0
App-Interfund Transfer FX9999B 407,878 895,506 -487,628 394,298
'ITFOTAL Other Uses '' _ _-_: .3o-A3__y_ _^M _407,878 _ 895,506 °-487,628 ', 394,298
ITOTAL Appropriations And Other Uses- 1,623,309 2,172,404 -549,095:- 3,771,859
Page 33 OSC Municipality Code 500342300000
• TOWN OF Ithaca
• . Annual Update Document
For the Fiscal Year Ending 2002
(G)SEWER
Balance Sheet -
•deF®escnption � .- 20O& 0dpCod 42402W4;
Assets - -
Cash In Time Deposits < 2,621,664 G201 3,051,673
-gtijtAtta-S6 •� " � .2;621664�=;_ _��a=a�z� - 3051,6?_3�
Sewer Rents Receivable _ 238;649 G360 160,477
TOTALzOtl er,Oeceivables(net)a _ ="� ��•e °` 238;649�=u' � w°':.160,47
Prepaid Expenses 8,664 G480 144
TOTAL�?repaidSExpenses- __•_��� :_- - ���p� ,. :�. a - 8,6 4`-t' - == �•E.-�_ :=5
TOTALAssetsc__ - = =_2 868 97 .., w 3h212x294
•
Page"34 OSC-Municipality Code 500342300000 "
TOWN OF Ithaca
Annual Update Document,
For the Fiscal Year Ending 2002 -
(G)SEWER -
Balance-Sheet -
Code Description .=wv E+ °, 2001> : :zw 0rate,d4;`; '''° 2QE1'
Liabilities And Fund Equity
Accounts Payable 3,373 G600 3,373
TOTAL Accounts'pPa'ableYn ;, : :`A a
Accrued Liabilities •
44,409 G601 179,102 -
m_
Due To Other Funds
18 G630 0
OTALIDue.To"Other dFu
Due To Other Governments G631 29,504
TOTAL Due_To'Ott►`ervGove�nmerits-a ,. = '- �- -- - - >.,>T ��_ 29a504
TOTAL:Liabilibes3 = t - �� a` 2)19 79
•
47800y=_ �
Unreserved Fund Balance Unappropriated 2,821,177 G911 3,000,315
IOTA -.— R- --k .��z3? �:.,� �,.�.. _- I
E`Unrese°rved Fund Balance==Unappropriated ; - _ _ � �� �� 1'7T -_ ?°ti a - 3,OQ0315
•
T L Fund Equity _ ,977 3 000,315
TOTAL L�abilitFes=Aod.Fund Eijtiityis' 'a= a .« e .a
�
Page 35 = OSC Municipality Code 500342300000 .
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(G)SEWER
Results of Operation
;Code Description_--- 'I` a.' _ 'e" <4` 20017, EdpCode,: :-'2002 vtza',,;
Detail Revenues And Other Sources
Special Assessments 519,070 G1030 522,863
TOTALReal Property Taxes 519;070 �` `522,863
Sewer Rents 1,436,564 G2120 1,310,132
Interest&Penalties On Sewer Accts 9,207 G2128 9,668
TOTAL Departmental Income - 1,445,771 1,319,800
Misc Revenue,Other Govts G2389 1,684
TOTAL Intergovernmental Charges 0 x Y` " 0 1,684
Interest And Earnings 99,997 G2401 66,828
TOTAL Use of Money And Property - 99,997,' 66,828
Insurance Recoveries 0 G2680 238
TOTALSale,of Pr`operlyAnd Compensation For Loss '0 , - 238
Refunds of Prior Year's Expenditures 0 G2701 51,486
TOTAL Miscellaneous Local Sources ` . , 0 , €, ?, 51,486
TOTAL Revenues_ _ 2,064,838 1,962,•899
Interfund Transfers 56,060 G5031 9,532
TOTAL Interfund Transfers '- v - , , 56;060' ,'' ' ':,. 9,532
TOTAL Other Sources_ ' , 56,060 • , 9,532
TOTAL Detail Revenues And Other Sources : , 2,120,898 1,972,431,
Page 36 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(G)SEWER
Results of Operation
pooD4s'griptonlw;-164k-z-rg-,. 4goisa'creIg
Detail Expenditures And Other Uses
Administration-Contractual 31,770 G17104 37,230
troTALAgmirlistrapon, ontractual _ _ 31 770 - , 37 236-
[TOTAL General Government Support ,31,770 37,230i
Sewer Administration,Pers Sery 8,592 G81101 17,677
Sewer Administration,Contr Expend 315 G81r4 386
[TOTAL Sewer Administration , , 18,063:
Sanitary Sewers,Pers Sery 47,100 G81201 28,352
Sanitary Sewers,Equip&Cap Outlay 438 G81202 10,000
Sanitary Sewers,Contr Expend 379,428 -G81204 399,007 -
TOTAL Sanitary Sewers „ ;= 426,966, , 437,359i
Joint Sewer Project,Contr Expend 425,000' G81504 0
TOTAL Joint Sewer Project: _ 425,000 ,
FOUL Home And:Comiliuhity Services 860,873 455,422,
State Retirement,Empl Bnfts 231 G90108 - 189
Social Security,Empl Bnfts 4,264 G90308 - 3,514
Worker's Compensation,Empl Bnfts' 1,381 G90408 1,079
Life Insurance,Empl Bnfts 86 G90458 64
Disability Insurance,Empl Bnfts 196 G90558 134
Hospital&Medical(dental)Ins,Empl Bnft 8,105 G90608 4,650
[TOTAL Employee Benefits 9,06'
L
itOTAL Expenditures : - s , - 906,906 5042827
Transfers,Other Funds 527,367 G99019 522,011
Transfers,Capital Projects Fund 300,000 G99509 769,000
tOTALCiperafing transfers` 827,30 '1,291:0111
.0610 UseS 827,367 : 1,291,ott,,
[TOTAL Detail Expenditures And Other Uses • - n 1,734,273 ;- -1,793,20]
•
•
• .
Page 37 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(G)SEWER
Changes in Fund Equity
"Code Description _ 2001-e EdpCode 2002
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 2,455,881 G8021 2,821,177
Prior Period Adj-Decrease In Fund Equity 21,329 G8015 0
Restated Fund Equity-Beg of Year 2,434,552 G8022 2,821,177
ADD-REVENUES AND OTHER SOURCES 2,120,898 1,972,431
DEDUCT-EXPENDITURES AND OTHER USES 1,734,273 1,793,293
Fund Equity-End of Year 2,821,177 G8029 3,000,315
Page 38 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(G)SEWER
Budget Summary
Code Description-, , - EdpCode -Original 2002 ' Modified 2002 ' ..Difference _ '. Adopted 2003''
Estimated Revenues And Other Sources
Est Rev-Real Property Taxes G1049B 522,863 522,863 0 526,169
Est Rev-Real Property Tax Items G1099B 0 0 0 0
Est Rev-Departmental Income G1299B 1,346,684 1,319,800 -26,884 1,345,000
Est Rev-Intergovernmental Charges G2399B 0 1,684 1,684 1,500
Est Rev-Use of Money And Property G2499B 40,000 66,827 26,827 45,000
Licenses And Permits G2599B 0 0 0
Est Rev-Sale of Prop And Comp For Loss G2699B 0 0 0 0
Est Rev-Miscellaneous Local Sources G2799B 0 51,724 51,724 0
Est Rev-Interfund Revenues G2801B 0 0 0 0
Est Rev-State Aid G3099B 0 0 0 0
Est Rev-Federal Aid G4099B 0 0 0 0
TOTAL Estimated Revenues 1,909,547 ' 1,962,898 ' 53,351 ' 1,917,6691
Estimated-Interfund Transfer G5031 B 0 9,532 9,532 0
Appropriated G511 B - 0 0 0 0
Obligations Authorized G530B 0 0 0 0
Estimated-Proceeds of Obligations G5799B 0 0 0 0
Appropriated Fund Balance G599B -195,706 - -179,137 16,569 -432,018
TOTAL Estimated Other Sources -195,706 -169,605 :- 26,101 -432,0181
(TOTAL Estimated Revenues And Other Sources 1,713,841 ,1,793,293 - -- ° 79,452 , 1,485,651'
,
Page 39 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(0)SEWER
Budget Summary
IPode P.46111460':;;:44,'
,fur , - Edpcode -,J.:-Ongipatt2,002, *Ado'
Appropriations And Other Uses
App-General Government Support G1999B 32,750 37,230 -4,480 29,658
App-Home And Community Services G8999B 1,147,500 455,422 692,078 944,650
App-Employee Benefits G9199B 11,580 9,630 1,950 10,065
App-Debt Service G9899B 0 0 0 0
TOTAL Appropriations - —
Other Budgetary Purposes G962B 0 0 0 0
App-Interfund Transfer G9999B 522,011 1,291,011 -769,000 501,278
522,011- %v-769 Odort 270
friii-ALA6'r0OrlatiijfiAiid'Other Uses 7:7,7 ;772. 77,771,7-7.14:841 1 793 293 79;"'-,5'.- rf,":-:4;7485:6
Page 40 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
FOr the Fiscal Year Ending 2002
(H)CAPITAL PROJECTS
Balance Sheet _ ,
00:0:61,0401006711:‘11 Assets
cash Cash In Time Deposits
_ . _ 227,845 H201 , 970,375
1TOTAL Cash 227,845 O3j
Cash Special Reserves . 0 " H230
TOTAL Restricted AssetsIf:fc: ' 2 04,
TOTAL Assets :*!::T:til:;4
•
227,845 97O,3 ]
•
_Page 41 OSC Municipality Code 500342300000 ,
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(H)CAPITAL PROJECTS
Balance Sheet
,. . ,,. .;;i, - n,: - �,
Gode,Des ri vtiori=$ _ .., '.,,v= _ - 2Q01 "Ea Code 2002 s
Liabilities And Fund Equity
Accounts Payable 76 H600 210,522
TOTAL.Accounts Payable := _ 76=_
Accrued Liabilities H601 96,624
OTAL,A rutl Lt ilia' ° _ p4_ .._ ,,<c , "—cc ed alb ies �°���;_ ,a � e � �
Retained Percentages,Cont Pay - 48,923 H605 27,414
TOTAL Retain_ed;Percentages s ,>� -R °°<,�`� � - • ;� - _ 48,92 - 327,4141
Due To Other Funds 207,000 H630 462,756
TOTAL Due To,Other Funtls:` = - ``= x; —>2U7�000a ,_ - � � 462'756
!TOTAL,,labilities�- -� x�- `- §g .;... -- __ -__-_ - z ��s.' _ '255;999;s
6 - - ...., `''� -- -_ __- _ - - -
Capital Reserve 0 H878 0
TOTAL,,Specia112es'ery S".p.: zz=' - .-==0-s t, a;0.
Unreserved Fund Balance Unappropriated -28,154 �H911 173,059
TOTAL.Unreerved Fun LBalance,=Unappro riated _
TOTAL Fund'-E ui ��- - _ _� , 28�154=�_- -_ -� 173 059
TOTAL°Liabilit ea.And3FundE= uit $. 9 _ = -- _ 227 845as° n = 9T0 375
i= .e = , _,._ ..�9_ y' � �. =y � m.� .9 _�-, . ..� .. .._ ': __ =,ate
Page 42 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(H)CAPITAL PROJECTS
Results of Operation
1Code`Description` .. r:4t ,,. .,' 3 °;° ..2001P.2' Ed`pCode j
Detail Revenues And Other Sources
Interest And Earnings 12,014 H2401 11,482
TOTAL.°Use of Money And Property � _ <12,014 = 41,482�
Unclassified(specify) 0 H2770 9,721
TOTAL<Miscollaneous Local Sources
St Aid,Trans Cap Grants(spec) H3597 207,000
TOTAL State Aid r � 0 - 207,000,
TOTALRevenues 12,014 228,203,
Interfund Transfers 758,781 H5031 1,559,904
TOTAL interfund Transfers 758,781 1,559,9041
TOTA- ther Sources 4 a 758,781 - 1,559,904
TOTAL!petail Revenues°And Other Sources 770,795 =, 1,788,107
Page 43 OSC Municipality Code 500342300000
TOWN OF Ithaca .
Annual Update Document
For the Fiscal Year Ending 2002
(H)CAPITAL PROJECTS
Results of Operation - _
Code Desch tion . _ '=7 =2 "- .. ' ''sV• ,t, ,_ ` z.°, ' �_ L
�� �� .� 3£. �W�� ���;$. ;a.F�,.x � r:�.� ¢�,�,200�1 `�° E`dpCoder_ 2002 %'_.
Detail Expenditures And Other Uses'
Buildings,Equip&Cap Outlay H16202 ' ' 1,412,352
_TOTAL Buildings , ' 0 '°1,412,352
[TOTAL General Government Support 0 ° - - 1,412,352
Highway,Capital Projects -- 231,557 H51972 124,113 -
.TOTAL Highway ; ._ ° . _ ° 231,557 _ ' 124,113
[TOTAL Transportation. • - 231,557 124,113' •
Parks,Equip&Cap Outlay - - _39,164 H71102 1,518
TOTAL Parks k = s a,_ ` ° 39,164 t . ? :f - = 1',518
TOTAL Culture And Recreation . ��°A 39,164 1`518
Sewer,Equip&Cap Outlay - - - - 232,962 H81972 - 6,287 '
TOTAL Sewer '- - _ • 232,962 ' _' -z ° 6,287
Water Trans&Distrib,Equip&Cap Outlay - _ 287,432 H83402 _ ' 31,203
TOTAL Water Trans&Distrib - ' 287,432 ° 31,203
Water Capital Projects,Equip&Cap Outlay H83972 0
TOTAL'Water Capital Projects ` 0 •�:�°��3r° 0
Misc Home&Comm Serv,Equip&Cap Outlay ,318 H89892 0
- TOTAL Misc Home&-Comm,Sery ,-- 1-. - _ 318 0'
[TOTAL Home And Community Services - 520,712 _ ` ;,. f..t.,,z``37,490
[TOTAL Expenditures . - • 791,433 •--;-`1,575,473
- - Transfers,Other Funds - 196,644 H99019 11,421
TOTAL Operating Transfers- 196,644 11,421
TOTAL Other Uses _ 196;644 ' 11,421
[TOTAL Detail Expenditures And Other Uses _ - _ •988,077 _�`c: ,a, .1,586,894
•
- Page 44 OSC Municipality Code 500342300000
. .
TOWN OF Ithaca
Annual Update
For the Fiscal Year Ending 2002
(M)CAPITAL PROJECTS .
Changes in Fund Equity
7����0V��
ANALYSIS Op CHANGES|m FUND EQUITY
Fund Equity'Beginning ofYear 18e.12e H8021 -28.154
Prior Period AdJ,Increase|n Fund Equity M8012
Restated Fund Equity'Beg ovYear 189'128 VVVuu `28.154
ADD'REVENUES AND OTHER SOURCES 770.735 1.788.107
DEDUCT'EXPENDITURES AND OTHER USES 988.077 1.586.894
Fund Equity'End ofYear ~28.154 *VVoy 173.059
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(K)NON-CURRENT GOV ASSETS
Balance Sheet
Assets
Land 133,368 K101 133,368
Buildings 2,392,370 K102 2,399,748
Improvements Other Than Buildings 997,078 K103 1,560,948
Machinery&Equipment 2,660,477 K104 2,850,258
Construction Work In Progress 560,057 K105 1,521,850
iTPTAL:-fiiced Assets(net) - - ,, 6748 46,360, - 86, -
AY-As*ti - 6 ,30
Page 46 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(K)NON-CURRENT GOV ASSETS
Balance Sheet
Podg,Qescriptiori`. .°.''r `^ ° - `7 4, a'x " :2001 .,.. v A EdpCi de : 4t200e -or
Liabilities And Fund Equity
Total Non-Current Govt Assets K169 8,466,172
r OTAL'investments in sNon-Current Government Assets- 0 '84 fie;172
OTAI_ und Equity
0. 84166;9 72
IrOTALeL'iabilities And Fund•Equity8;466,1721
Page 47 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002 -
(SF)FIRE PROTECTION
Balance Sheet
Ppdet*eOrii5ti:On , AEdpp6Cin 4,‘,;414:?2,302
Assets
Cash In Time Deposits 151,198 SF201 208,410
1.110TAL3CeSh;
-TOTAL AssetS7F::, 151,198
Page 48 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(SF)FIRE PROTECTION
Balance Sheet
- Co`de'Descnpt10 .." '"..,;�'-`a,=-_ --''"" --�"-v > ---a« � +.w ,ki „'rF,* ` •- • ,.rye„ A.;,; - - .,gq�
'Ode p. 4 � � . ., 's �=� � _ ��?001 ���'� �'Etlp,Gode ��2002
Liabilities And Fund Equity -
Accounts Payable - 0 SF600 0
1TOTAL Accounts Payable:, 0 0�
Accrued Liabilities _ SF601 ' - 1,401
TOTAL Accrued Liabilities _»��-� 0 = 1,401
TOTAL Liabilities 0�- 1,4011
Unreserved Fund Balance Unappropriated 151,198 SF911 207,009
[tOTAL Unreserved Fund:Balance-Unappropriated"- : 1,51,198 ti07,009�
TOTAL Fund Equity :. , $` e 151,198 207,0091 '
TOTAL Liabilities And l i d'Equity `151,198 t �� -208,4101
•
Page-49 - - . OSC Municipality Code 500342300000
_ TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(SF)FIRE PROTECTION -
Results of Operation
Code.,2;De:scnpt10I1?4'` :< >, A> m t 'o-s �:- ,e;E
� - .r"R',,`: u �� �� R° ��`s,2D01Ee..�;�"�'�����dpCocie;�'" 2002
Detail Revenues And Other Sources -
RealProperty Taxes - - 4,917,721 SF1001 ,2,022,009
TOTAL•Real Property Taxes 1,917,721 _ 2,022,009
Other Payments In Lieu of Taxes - -7,541 SF1081 7,281
TOTAL Real Property Tax Items r 7,541 7,281
Sales Tax(from County) 0. SF1120 0
TOTAL Non Property Tax Items = • 0 0
Other Public Safety Departmental Income - , 0 SF1589 14,777
TOTAL Departmental 1186ii% 0
Interest And Earnings - 41,511 SF2401 16,383
TOTAL Use of Money Arid Property ; 41,511 16,383
St Aid,Other Aid(specify) - 13,622 SF3089 0
TOTAL State Aid a • 13,622 . • 0
TOTAL Revenues - - - ; 1,980,395 - - 2,060,450
TOTAL-Detail Revenues And Other Sources • 1,980,395 2,060,450
•
Page 50 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(SF)FIRE PROTECTION
Results of Operation
jCode Descnition '' • 2001 EdpCode ,2002'°
Detail Expenditures And Other Uses
Fire Protection,Contr Expend 1,901,813 SF34104 2,004,639
TOTAL Fire Protection,_ 1,901,813 064'6391
'TOTAL Public Safety 1,901,813 2,004,639
TOTAL Expenditures __ 1,901,813 2,004,639
TOTAL Detail Expenditures And Other Uses 1,9Q1•,813 2,004;839'
Page 51 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(SF)FIRE PROTECTION
Changes in Fund Equity
Code Desc`r`iptiong' ` _r ,rt` '.s s '2001:=, y.,
' ;. . EdpCode
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 72,616 SF8021 151,198
Restated Fund Equity-Beg of Year 72,616 SF8022 151,198
ADD=REVENUES AND OTHER SOURCES 1,980,395 2,060,450
DEDUCT-EXPENDITURES AND OTHER USES 1,901,813 2,004,639
Fund Equity-End of Year 151,198 SF8029 207,009
Page 52 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(SL)LIGHTING
Balance Sheet
.00.'..00-276i67r.01,4117,,M; Alf* II 260,1):' ;100.P17,6:06I ?CO- -4:
Assets
Cash In Time Deposits 10,101 SL201 7,463
frbTAL Cestf!' , 10,101 7463
=
TOTAL Assets ° 10,101 7,463
Page 53 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(SL)LIGHTING
Balance Sheet
Code Description`; =. '�,ti> _ ;ara 200,1z _-_Ed Codee e2002
Liabilities And Fund Equity
Accounts Payable 137 SL600 137
1 OTAL Accounts Payable 137 137
TOTAL Liabilities _ _ 137 137
Unreserved Fund Balance Appropriated 5,314 SL910 7,326
TOTAL Unreserved Fund Balance-Appropriated -5;314 -- 7,326
Unreserved Fund Balance Unappropriated 4,650 SL911
TOTAL Unreserved Fund'Balance-Unappropriated- 4,650 0J
r----'-=-
TOTAL Fund Equity ?z 9,964 w tl'iw 7,3261
TOTAL Liabilities°Arid'Fund Equity a" 10,101 7,463j
Page 54 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(SL)LIGHTING -
Results of Operation
iOodi`Descriptioiiµ a - ; x 'f-.2001 ` EdpCoc1 2002
b ,. � �� ?'`� ��1 � � aka�N
Detail Revenues And Other Sources
Real Property Taxes 16,458 SL1001 9,450
TOTAL.Real Property Taxes - _ .16 458', s '`9 450
Interest And Earnings 393 SL2401 241
° : -ro
TOTAL Use of Money`And Propertyr, =
__ 7;393 ` 241s
TOTAL_Reyenues, ° g`: - -_- S 16,851 y ; _ 9;693]
TOTAL Detail Revenues And Other Source§e 168511' = 9691
Page 55 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document _
For the Fiscal Year Ending 2002
(SL)LIGHTING
Results of Operation
iCode'Descnstion; $
a �° �� e "_ �
�,� ° �R �'2001�� EdpCQde
Detail Expenditures And Other Uses -
Street Lighting,Contr Expend - 13;341 SL51824 12,329 -
TOTAL�Street Lighting! 13,341- .12,329'
I OTALiTransportationv -. - - ° ° • ,13,341 _ t ° -12,329
1 OTAL Expenditures =� - 13,341 12,329
TOTAL Detail Expenditures And Other Uses 13,341 `=12,329
Page 56 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(SL)LIGHTING
Changes in Fund Equity
Code=Description °� 2001 'EdpCode_'
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 6,454 SL8021 9,964
Restated Fund Equity-Beg of Year 6,454 SL8022 9,964
ADD-REVENUES AND OTHER SOURCES 16,851 9,691
DEDUCT-EXPENDITURES AND OTHER USES 13,341 12,329
Fund Equity-End of Year 9,964 SL8029 '7,326
Page 57 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(TA)AGENCY -
Balance Sheet -
Code Descri 'ton'i t ,=`,;;a _ ;," '� °"• 2001e Ed Cod,`e" `: 2002
Assets -
Cash 48,523 - TA200 207,631
TOTACCash _ 48,623, •
207,631
TOTAL Assets 48,523 207,631
•
•
- Page 58 OSC"Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(TA)AGENCY
Balance Sheet
Code D:escnption , `� 001' 'EdpCode' _z "2002
Liabilities And Fund Equity
Due To Other Funds 24 TA630 0
L OTALDue To Other Funds _ 24 _ Of
Consolidated Payroll 13 TA10 84,640
Deferred Compensation TA17 3,725
State Retirement TA18 2,238
Disability Insurance 497 TA19 591
Group Insurance 5,141 TA20 2,940
Nys Income Tax TA21 5,468
Federal Income Tax TA22 15,192
Income Executions TA23 425
Assoc&Union Dues TA24 229
Social Security Tax TA26 18,577
Guaranty&Bid Deposits 0 TA30 150
Bail Deposits 14,471 TA35 14,471
Other Funds(specify) 28,377 TA85 58,985
TOTAL,AgencyLiabilities .48,499 ,0207;631
ITOTAL Liabilities _ =
48,523 _- s207,631
TOTAL,Liabilities And Fund Equity, 48,523 207,6311
Page 59 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(V)DEBT SERVICE
Balance Sheet
ode Description - z EdpCoder 2002 '
Assets
Cash In Time Deposits 5,944 V201 5,527
TOTAL Cash, :5,944 5,527 I
TOTAL Assets 5,944 5,527
Page 60 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document -
For the Fiscal Year Ending 2002
(V)DEBT SERVICE
Results of Operation •
Code'D,escnption =.. *, 'z `p ',° g• .,_. 0O1 d.= a..,e : ` 0 a«x:,
�. ����. ,:.g =..� ���<,� ���,a.y�2001 °� _�.,� E"pCo'tl �.�-",����20 2�
Detail Revenues And Other Sources
Interest And Earnings _ _ 990 V2401 1,822
TOTAL Use of Money And Property,,.. �= 890 _ _1,822
E OTAL Revenues - 990 1,822
Interfund Transfers - 836,026 V5031 . 800,399
TOTAL Interfund Transfers _ _ 836,026 S ?800,399
TOTAL Other Sources
- - 836,026 --- 800,39 '
TOTAL Detail Revenues Other Sources i 837,016 802,22"1-.
Page 62 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(V)DEBT SERVICE
Results of Operation
ode,Description,, ; ' 200 I .EiipGodef,',404,i-C14
Detail Expenditures And Other Uses
Fiscal Agents Fees,Contr Expend 2,244 V13804 2,239
QTAL Fiscal Agents Fees 2,244 "_ 2,239-
OTAL General Government Support 2;244 2;239;
Debt Principal,Serial Bonds 520,000 V97106 520,000
!TOTAL DebCPrincipal 520;600 520,000
Debt Interest,Serial Bonds 316,025 V97107 280,399
TOTAL Debt Interest -- 316,025 . - 280,391
TOTAL Expenditures 838;269 ;= 802,63,1
F OTAL Detail Expenditures And Other Uses - 838;269 E 802,638
Page 63 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(V)DEBT SERVICE
Changes in Fund Equity
Code Description _ , 2001 EdpCode,T 2002
ANALYSIS OF CHANGES IN FUND EQUITY
Fund Equity-Beginning of Year 7,197 V8021 5,944
Restated Fund Equity-Beg of Year 7,197 V8022 5,944
ADD-REVENUES AND OTHER SOURCES 837,016 802,221
DEDUCT-EXPENDITURES AND OTHER USES 838,269 802,638
Fund Equity-End of Year 5,944 V8029 5,527
Page 64 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(W)NON-CURRENT GOV LIABILITY
Balance Sheet
liVP1 1177\7.16;b:2I1„v
Assets
Total Non-Current Govt Liabilities W129 3,835,568
rOTALProvsionTo Be Made In Future Budgets- , , 0 3 835 5681
i',OTAL*sets
•
Page 65 OSC Municipality Code 500342300000
TOWN OF Ithaca
Annual Update Document
For the Fiscal Year Ending 2002
(W)NON-CURRENT GOV LIABILITY
Balance Sheet
-
' tY;
Liabilities And Fund Equity
Compensated Absences 83,558 W687 90,568
tOTALIOtberLiabiIities
Bonds Payable 4,265,000 W628 3,745,000
TLOTALEandAndrcoriglerin
OTAL Liabilities7-777 - 7,435,5I81
FOTALA4abilities.And Fund Equity - "44,3'48;5258,',
Page 66 OSC Municipality Code 500342300000
TOWN OF Ithaca
Financial Comments
For the Fiscal Year Ending 2002
Page 67
TOWN OF Ithaca
Statement of Indebtedness
For the Fiscal Year Ending 2002
Water and Other Purposes Exempt From Constitutional Debt Limit
Bond No. 2000000002 EDPCODE Amount
Month and Year of Issue 5/15/1987
Purpose of Issue Public Improvement
Current Interest Rate .0680
Outstanding Beginning of Year P18671 750,000
Issued During the Fiscal Year
(do not include renewals here) P18673 0
Paid During the Fiscal Year
(do not include renewals here) P18675 150,000
Outstanding End of the Fiscal Year P18677 600,000
Final Maturity Date 5/1/2006
Bond No. 2000000003 EDPCODE Amoun
Month and Year of Issue 9/1/1989
Purpose of Issue r Public Improvemen
Current Interest Rate H......_ .0730
Outstanding Beginning of Year 2P18671 1,030,000
Issued During the Fiscal Year
(do not include renewals here) 2P18673 0
Paid During the Fiscal Year
(do not include renewals here) 2P18675 140,000
Outstanding End of the Fiscal Year 2P18677 890,000
Final Maturity Date 3/1/2008
Bond No. 2000000004 EDPCODE Amoun
Month and Year of Issue 7/15/1991
Purpose of Issue Public Improvemen
Current Interest Rate .06625
Outstanding Beginning of Year 1P18671 2,475,000
Issued During the Fiscal Year
(do not include renewals here) _ P18673 0
Paid During the Fiscal Year
(do not include renewals here) 2P18675 225,000
Outstanding End of the Fiscal Year 2P18677 2,250,000
Final Maturity Date 7/15/2011
Page 68 OSC Municipality Code 500342300000
TOWN OF Ithaca
Statement of Indebtedness
For the Fiscal Year Ending 2002
Water and Other Purposes Exempt From Constitutional Debt Limit
Bond No.2000000001 EDPCODE „ Amount -
Month and Year of Issue 3/1/1977
Purpose of Issue Sewer Improvement
Current Interest Rate .0600
Outstanding Beginning of Year P18671 10,000
Issued During the Fiscal Year -
(do not include renewals here) P18673 0
Paid During the Fiscal Year
(do not include renewals here) P18675 - 5,000
Outstanding End of the Fiscal Year _ ' P18677 5,000
Final Maturity Date 3/1/2003
Total Bond Amount
Outstanding Beginning of Year 4,265,000
Issued During Fiscal Year 0
Paid During Fiscal Year - ,520,000
Outstanding End of Year 3,745,000
0
***************************************************************************************************************************************
***************************************************************************************************************************************
Total of All Indebtedness
Includes Total of Bonds and Notes- Exempt and Not Exempt
Total Bond Amount
Outstanding Beginning of Year 4,265,000 `
Issued During Fiscal Year 0
Paid During Fiscal Year 520,000
Outstanding End of Year 3,745,000
Page 69 OSC Municipality Code 500342300000
TOWN OF Ithaca
Maturity Schedule
For the Fiscal Year Ending 2002
Page 70
TOWN OF Ithaca
Schedule of Securities for Collateralization
For the Fiscal Year Ending 2002
General Municipal Law, Section 10 as amended by chapter 708 Laws of 1992 lists the types of securities which
may be pledged for collateralization. Please click in the response box next to the type(s) of securities used by
banks as collateral for your deposits.
Yes 1. Obligations issued by the United States of America, an agency thereof or a United States sponsored
corporation or obligations fully insured or guaranteed as to the payment of principal and interest by the
United States of America, an agency thereof or a United States government sponsored corporation.
2. Obligations issued or fully guaranteed by the International Bank for Reconstruction and Development,
the Inter-American Development Bank, the Asian Development Bank and the African Development
3. Obligations partially insured or fully guaranteed by any agency of the United States of America, at a
proportion of the market value of the obligation that represents the amount of the insurance or
Yes 4. Obligations issued or fully insured or guaranteed by this state, obligations by a municipal corporation,
school district or district corporation of this state or obligations of any public benefit corporation which
under a specific state statute may be accepted as security for deposit of public moneys.
5. Obligations issued by states (other than this state)of the United States rated in one of the three highest
rating categories by at least one nationally recognized statistical rating organization.
6. Obligations of Puerto Rico rated in one of three highest rating categories by at least one nationally
recognized statistical rating organization.
7. Obligations of counties, cities, and other governmental entities of another state having the power to
levy taxes that are backed by the full faith and credit of such governmental entity and rated in one of
the three highest rating categories by at least one nationally recognized statistical rating organization.
8. Obligations of domestic corporations rated in one of the two highest rating categories by at least one
nationally recognized statistical rating organization.
9. Any mortgage related securities, as defined in the Securities Exchange Act of 1934, as amended,
which may be purchased by banks under the limitations established by federal bank regulatory
agencies.
10. Commercial paper and bankers'acceptances issued by a bank(other than the bank with which the
money is being deposited or invested) rated in the highest short-term category by at least one
nationally recognized statistical rating organization and having maturities of not longer than sixty days
from the date they are pledged.
11. Zero-coupon obligations of the United States government marketed as "Treasury Strips".
12. Letters of Credit.
13. Surety bonds.
Page 71 OSC Municipality Code 500342300000
TOWN OF Ithaca
Schedule of Time Deposits and Investments
For the Fiscal Year Ending 2002
EDP Code Amount
CASH.
On Hand 9Z2001 $0.00
Demand Deposits 9Z2011 $47,891.00
Time Deposits 9Z2021 $6,932,777.00
Total $6,980,668.00
COLLATERAL:
- FDIC Insurance 9Z2014 $200,000.00
Collateralized with securities held in -
possession of municipality or its agent 9Z2014A $8,028,850.00
Total $8,228,850.00
INVESTMENTS:
-Securities (450)
Book Value (cost) 9Z4501 $0.00
Market Value at Balance Sheet Date 9Z4502 $0.00
Collateralized with securities held in 9Z4504A $0.00
possession of municipality or its agent
- Repurchase Agreements (451) -
Book Value (cost) 9Z4511 $0.00
Market Value at Balance Sheet Date .9Z4512 $0.00
Collateralized with securities held in 9Z4514A $0.00
possession of municipality or its agent
Page 72 OSC Municipality Code 500342300000
TOWN OF Ithaca
Investment Certification
For the Fiscal Year Ending 2002
DEFINITIONS:
Repurchase Agreement-A generic term for an agreement in which a government entity
(buyer-lender)transfers cash to a broker-dealer or financial institution (seller-borrower);
the broker-dealer or financial institution transfers securities to the entity and promises to repay
the cash plus interest in exchange for the same securities or for different securities.
Reverse Repurchase Agreement-An agreement in which a broker-dealer or financial institution
(buyer-lender)transfers cash to a government entity(seller-borrower); the entity transfers securities
to the broker-dealer of financial institution and promises ro repay the cash plus interest in exchange
for the same securities or different securities.
RESPONSE
1) Has your Local Government adopted an investment policy as Yes
required by General Municipal Law, Section 39?
2) The following investments are permitted by your investment policy.
* Obligations of the UNITED STATES -
*Obligations of the U.S. Government Agencies, guaranteed by
the UNITED STATES Government
*Obligations of the STATE of NEW YORK
*Obligations of other NEW YORK STATE Local Governments
*Other Yes
3) Do you engage in reverse repurchase agreements? No
4) Are Repurchase Agreements authorized by your investment Yes
policy?
Name: Alfred F. Carvill
Title: Budget Officer
Phone Number: (607)273-1721
Page 73 JSC Municipality Code 500342300000
TOWN OF Ithaca
Bank Reconciliation
For the Fiscal Year Ending 2002
Include All Checking, Savings and C.D.Accounts
Bank Add: Less: Adjusted
Account Bank Deposit Outstanding Bank
Number Balance In Transit Checks Balance
12-201-002604 $980,976 $206 $1,827 $979,355
11-202-002604 $82,724 $0 $87 $82,637
29-201-002604 $24,134 $0 $25 $24,109
30-201-002604 $184,014 $0 $172 $183,842
8700358172 $2,500 $0 $0 $2,500
20-201-002604 $283,363 $0 $328 $283,035
16-201-002604 $8,842 $0 $6 $8,836
21-201-002604 $526,472 $0 $651 $525,821
22-201-002604 $5,668 $0 $6 $5,662
23-201-002604 $405,947 $28,110 $265 $433,792
24-201-002604 $3,042,731 $13,337 $4,395 $3,051,673
32-201-002604 $18,476 $0 $19 $18,457
37-201-002604 $69,743 $0 $73 $69,670
15-201-002604 $63,355 $0 $67 $63,288
14-201-002604 $545,792 $0 $695 $545,097
13-201-002604 $154,826 $0 $197 $154,629
19-201-002604 $20,131 $0 $177 $19,954
41-201-002604 $99,334 $0 $54 $99,280
26-201-002604 $208,676 $0 $266 $208,410
27-201-002604 $7,463 $0 $0 $7,463
18-201-002604 $19,491 $0 $20 $19,471
03-201-002604 $16,374 $0 $19 $16,355
06-201-002604 $4,267 $0 $4 $4,263
09-201-002604 $5,009 $0 $5 $5,004
10-201-002604 $4,355 $0 $5 $4,350
05-201-002604 $137,429 $0 $0 $137,429
14-101-180306 $20,759 $0 $0 $20,759
25-201-002604 $5,533 $0 $6 $5,527
Page 74 OSC Municipality Code 500342300000
TOWN OF Ithaca
Bank Reconciliation
For the Fiscal Year Ending 2002
Include All Checking, Savings and C.D.Accounts
Bank Add: Less: Adjusted
Account Bank Deposit Outstanding Bank
Number Balance In Transit Checks Balance
01-101-148038 $47,891 $0 $47,891 $0
Total Adjusted Bank Balance $6,980,668
Petty Cash $500.00
Adjustments $.00
Total Cash 9ZCASH * $6,981,168
Total Cash Balance All Funds 9ZCASHB * $6,981,168
* Must be equal
Page 75 OSC Municipality Code 500342300000
TOWN OF Ithaca
Local Government Questionnaire
For the Fiscal Year Ending 2002
Response
1) Does your municipality have a written procurement policy? Yes
2) 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 local No
governments?
5) Does your municipality have a Length of Service Award Program (LOSAP) No
for volunteer firefighters?
6) Does your municipality have a Capital Plan? Yes
7) 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?
8) Have you had a change in chief executive or chief fiscal officer during the last No
year?
9) Does your municipality have access to the internet? Yes
Does your municipality have an official E-mail address? No
If yes,what is it?
Does the chief fiscal officer have a separate E-mail address? Yes
If yes,what is it? cvalentino@ithaca.town.ny.us
Do you have a web site? Yes
If yes, what is the official address of the web site for your municipality? www.town.ithaca.ny.us
Page 76 OSC Municipality Code 500342300000
CERTIFICATION OF CHIEF FISCAL OFFICER
I, Catherine Valentino , hereby certify that I am the Chief Fiscal Officer of
the Town of Ithaca , and that the information provided in the annual
financial report of the Town of Ithaca , for the fiscal year ended 12/31/2002
, is TRUE and correct to the best of my knowledge and belief.
By entering the personal indentification number assigned by the Office of the State Comptroller to me as
the Chief Fiscal Officer of the Town of Ithaca , and adopted by me as
my signature for use in conjunction with the filing of the Town of Ithaca's
annual financial report, I am evidencing my express intent to authenticate my certification of the
Town of Ithaca's annual financial report for the fiscal year ended 12/31/2002
and filed by means of electronic data transmission.
Alfred Carvill Catherine Valentino
Name of Report Preparer if different Name
than Chief Fiscal Officer
(607)273-1721 Town Supervisor
Telephone Number Title
215 N. Tioga Street
Official Address
03/17/2003 (607)273-1721
Date of Certification Official Telephone Number
Page 77 Municipality Code 500342300000
TOWN OF Ithaca
Supplemental Section Comments
For the Fiscal Year Ending 2002
Page 78
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
Note 1 - Summary of Significant Accounting Policies
The general-purpose financial statements of the Town of Ithaca have,been prepared in conformity
with generally accepted accounting principles (GAAP) as applied to government units. The Governmental
Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental
accounting and financial reporting principles. The more significant of the government's accounting
policies are described below.
A. Financial Reporting Entity
Town Law governs the Town of Ithaca, created in 1821, other general municipal laws of the State of
New York, and various local laws. The Town Board is the legislative body responsible for the overall
operation; the Town Supervisor serves as Chief Executive Officer and Chief Fiscal Officer.
The Town provides the following principal services: fire protection, transportation (streets and
highways),recreation,planning and zoning, general administration,public improvements,water and sewer.
The Town Board provides street lighting in nine separate "lighting districts"within the Town. Each
district is funded by way of a tax on the real property situated within each district. The Town provides for
intersection street lighting from the General Fund appropriations.
The Town Board via the Ithaca Fire Protection District provides fire protection for the northeast area
of the Town outside the Village of Cayuga Heights. This district is funded by means of a tax on the real
property situated within the district. Services for fire protection are contracted out through the City of
Ithaca's paid fire department and the volunteer fire department of the Village of Cayuga Heights.
All governmental activities and functions performed for the Town of Ithaca are its direct
responsibility. No other governmental organizations have been included or excluded from the reporting
entity.
The financial reporting entity consists of the following, as defined by Governmental Accounting
Standards Board(GASB) Statement#14, "The Financial Reporting Entity:"
1. The primary government is the Town of Ithaca.
2. Organizations for which the primary government is financially accountable, and;
3. Other organizations for which the nature and significance of their relationship with the
primary government are such that exclusion would cause the reporting entity's general
purpose financial statements to be misleading or incomplete.
The decision to include a potential component unit in the reporting entity is based on the criteria set
forth in GASB Statement#14, including legal standing, fiscal dependency, and financial accountability.
PAGE 1
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
Excluded from the Reporting Entity
Southern Cayuga Lake Intermunicipal Water Commission (SCLIWC) is a joint venture involving
the Towns of Ithaca, Dryden, Lansing, and the Villages of Cayuga Heights and Lansing. The joint venture
operates under terms of an original agreement dated March 1, 1977 and has been amended several times,
the last of, which is dated January 1, 1992. SCLIWC's executive body consists of ten members, two
members being appointed by each municipality. The Treasurer of SCLIWC is the Town of Ithaca's
Supervisor.
• The Town of Ithaca owns a majority (51.869%) of the Commission and must adopt its budget and
any subsequent amendments. The Southern Cayuga Lake Intermunicipal Water Commission is considered
a Joint Venture with the Town of Ithaca.
Although the following organization, function or activity is related to the Town of Ithaca, it is not
included in the Town of Ithaca reporting entity. See Note 3 for additional disclosures regarding the joint
venture.
Ithaca Area Wastewater Treatment Plant,with the Town of Dryden and City of Ithaca.
B. Basis of Presentation -Fund Accounting
The accounts of the Town are organized on the basis of funds or account groups, each of which is
considered a separate accounting entity. The operations of each fund are accounted for within a separate set
of self-balancing accounts that comprise its assets, liabilities, fund balance, revenues and expenditures
which are segregated for the purpose of carrying on specific activities or attaining certain objectives in
accordance with special regulations, restrictions and limitations. The various funds are summarized by type
in the financial statements. (Certain funds of the Town are utilized to account for resources derived from,
and/or expenditures applicable to an area less than the entire Town.) The following fund types and account
groups are used:
1. Fund Categories
a. Governmental Fund Types - are those through which most governmental functions are fmanced.
The acquisition, use-and balances of expendable financial resources and the related liabilities are
accounted for through Governmental Funds. The measurement focus of the Governmental Funds is
based upon determination of financial position and changes in financial position. The following are
the Town's Governmental Fund Types:
- General Fund Townwide: Accounts for revenues (i.e., general tax and other from state, federal,
and local sources) and expenditures which are not required by the law or other provisions to be
accounted for in other funds and which finance the basic governmental functions provided by the
Town at Large.
PAGE 2
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
- General Fund Town Outside: Accounts for those transactions, which are required to be, charge on
the area of the Town outside the Village of Cayuga Heights.
Special Revenue Funds
These Funds are utilized to account for revenues derived from specific sources, which are required
by local law or regulatory State, or Federal mandates. Special Revenue Funds include the
following:
Highway Fund: This Fund accounts for revenues and expenditures for part-town (outside of the
Village of Cayuga Heights)highway purposes.
Water Fund: This is a fund established by State Statutes to account for revenues derived from
charges for water consumption and benefited assessments and the application of such revenues
toward related operating expenses and debt retirement.
Sewer Fund: This fund is also established by State Statutes to account for revenues derived from
sewer rents and benefited assessments and used for related operating expenses and debt retirement.
Lighting District Fund: This type of fund accounts for the operation and maintenance transactions
of those areas within the Town where electric streetlights are provided. Revenues are derived
directly from real property assessed values of those residents or other real property owners located
within the special lighting district.
Fire Protection District Fund: Used to record transactions involving the Town Fire Protection
District and those contracts for fire protection with the City of Ithaca and the Village of Cayuga
Heights.
- Debt Service Fund: The Debt Service Fund accounts for interest earned on proceeds of borrowing
for water and sewer capital projects. Such interest earnings (should they occur) is transferred to the
Debt Service Fund from the respective Capital Projects Fund. Annual principal and interest
payments due on serial bonds are transferred from the Water and Sewer Funds to the Debt Service
Fund. Payments to the paying agent(s) are made directly from the Debt Service Fund to the
respective paying agents in full on scheduled due dates.
- Capital Projects Fund: Capital Project Funds are used when accounting for capital improvements
financed from current monies transferred from reserved and unreserved funds, federal, and state
grants and proceeds of obligations (e.g. Bond Anticipation Notes or Serial Bonds). Each Capital
Project Fund is created to account for financial resources that will be used for the acquisition or
construction of major capital facilities, major repairs, improvements or additions to water, sewer
and transportation infrastructures.
b. Fiduciary Funds —A municipality uses the Trust and Agency Fund to account for assets held by the
local government in a trustee or custodial capacity. (e.g. Net payroll and related payroll taxes or
withholdings.)
PAGE 3
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31,2002
- Agency Fund: Used to account for those funds held in custody and subsequent distributions,
transmittal or release to other governments, individuals or to other funds.
2. Account Groups
Account Groups —Accounts for control and accountability of the Town's General Fixed Assets and
General Long -Term Debt. The two account groups are not "funds". Historically, these groups have been
concerned only with the measurement of financial position, and not with the results of operations. With the
release of GASB 34 these groups will provide greater fiscal detail regarding the future replacement of _
equipment and infrastructures complaint to GAAP Principals governing depreciation coupled with Capital
Improvement Planning and Budgeting.
- General Fixed Assets Account Group: This group accounts for land, buildings, improvements
other than buildings, machinery& equipment, and construction in progress. These assets are usually
for general government services.
- General Long -Term Debt Account Group: This group of accounts is established to account for all
long-term debt and other financing obligations of the Town. Long-Term indebtedness includes
obligations such as statutory installment bonds, serial bonds and bond anticipation notes. Other
obligations include unbilled retirement liabilities, and any vested or unpaid accumulated employee
benefits (e.g. vacation)to be provided for in future budgets.
C. Basis of Accounting/Measurement Focus
Basis of accounting refers to when revenues and expenditures and the related assets and liabilities
are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the
timing of the measurements made, regardless of the measurement focus. Measurement focus is the
determination of what is measured. (e.g. expense or revenue)
Modified Accrual Basis - all Governmental Funds and Expendable Trust Funds are accounted for
using the modified accrual basis of accounting.
Under this basis of accounting, revenues are recorded when measurable and available. Available
means collectible within the current period or soon enough thereafter to be used to pay liabilities of the
current period.
Material revenues that are accrued include real property taxes, state and federal aid, sales tax and
certain user charges. If expenditures are the prime factor for determining eligibility, revenues from federal
and stated grants are accrued when the expenditure is made.
Expenditures are recorded when incurred except that:
PAGE 4
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
a. Expenditures for prepaid expenses and inventory-type items are recognized at the time of the
disbursements, and when goods or services have been received but not billed by the provider
or vendor.
b. Principal and interest on indebtedness are not recognized as expenditures until due.
c. Compensated absences, such as vacation and sick leave which vests or accumulates, are
charged as expenses when paid. See Note 1-J.
d. Pension costs are recognized as an expenditure when billed by the State. See Note 2-B-1.
- Account Groups
General fixed assets are recorded at actual or estimated cost or, in the case of gifts and
contributions, at the fair market value at the time received. For the year ending December 31, 2002, NO
provision exists for the accounting and reserving of depreciation. General long-term debt liabilities are
recorded at the par value of the principal amount. No liability is recorded for interest payable to maturity.
Long-term liabilities expected to be financed from Governmental Funds are accounted for in the
General long-term Debt Account Group, rather than Governmental Funds.
D. Property Taxes
Town real property taxes are levied annually on January 1, and become a lien on that date. Property
owners can elect to pay their taxes using one of two options. Taxpayers may elect to pay their bill in two
installments equal to one-half the total bill, plus a 2.5 percent processing fee. If the installment option is
selected, the first payment is due between January 1 and January 14,without penalty, or between January 15
and January 20 with 1 percent interest (election to pay in installments ceases January 20). The second
installment is due on or before July 1,payable to the County Division of Budget and Finance.
Taxpayers may elect to pay their tax bill in full. Using this method, taxes are collected during the
period January 1 to January 31, at face value and from February 1 to May 31, with interest added. The
Town Receiver of Taxes collects all real estate taxes for Town and County purposes. The Town Receiver
distributes the collected tax money to the Town Supervisor prior to distributing the balance collected to the
County on June 1. The Town thereby is assured of 100 percent tax collection. Responsibility for the
collection of unpaid taxes rests with the County. Uncollected tax liens are sold annually by the County.
E. Budgetary Data
1. Budget Policies - The budget policies are as follows:
a. No later than October 5, the Town Supervisor and the Town Budget Officer submit a
tentative budget to the Town Board for the fiscal year commencing the following January 1.
PAGE 5
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
The tentative budget includes proposed expenditures and the proposed means of financing
for all funds.
b. After public hearings are conducted to obtain taxpayer comments, no later than November
20, the Town Board adopts the budget.
c. The Town Board must approve all budget amendments and modifications. However, the
Town Supervisor and Town Budget Officer are authorized to transfer Certain budgeted
amounts within departments and between revenues and appropriated expenditures when
deemed needed and necessary and when closing the year-end budgetary and accounting
records.
d. Appropriations lapse at year-end.
2. Encumbrances
Encumbrance accounting, under which purchase orders, contracts and other commitments for the
expenditure of monies are recorded for budgetary control purposes to reserve that portion of the applicable
appropriations, is employed in all funds. Encumbrances are reported as reservations of fund balances since
they do not constitute expenditures or liabilities. Expenditures for such commitments are recorded in the
period in which the liability(e.g. unperformed (executory) contracts for goods or services) is incurred.
3. Budget Basis of Accounting
Budgets are adopted annually on a basis consistent with Generally Accepted Accounting Principles.
Appropriations authorized for the current year are increased by the amount of encumbrances carried
forward from the prior year. Encumbrances are not considered a disbursement in the financial plan or an
expenditure in the GAAP based general purpose financial statements,but reserve a portion of the applicable
appropriation, thereby ensuring that the current years budgeted appropriations are not exceeded.
F. Property, Plant and Equipment- General
Fixed assets purchased for general governmental purposes are recorded as expenditures in the
Governmental Funds and are capitalized at cost in the General Fixed Assets Account Group. Contributed
fixed assets are recorded at fair market value at the date received.
Fixed assets consisting of certain infrastructure type improvements other than buildings, including
roads, bridges, curbs and gutters, streets and sidewalks, drainage, water and sewer lines and lighting
systems, have been capitalized since 2000. Such assets normally are immovable and of value only to the
Town.
Currently NO depreciation has been provided on general fixed assets.
PAGE 6
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
G. Receivables
Receivables are stated (accrued) at the gross amount due to and to be collected by the Town.
Amounts due from state and federal governments represents amounts owed to the Town. Receivables
represent reimbursements for expenditures incurred pursuant to state and federally funded programs. Other
receivables represent amounts owed to the Town including water and sewer charges, interest, and nominal
charges for government services.
H. Investments
Investments are stated at cost, which approximates market.
I. Unemployment Insurance
As of January 1, 1978, Town employees are covered by unemployment insurance. The Town has
chosen to discharge its liability to the New York State Unemployment Insurance Fund by means of the
benefit reimbursement method. This is a dollar-for-dollar reimbursement to the Unemployment Insurance
Fund for the benefits paid to former employees and charged to the Town's account. The Town is exempt
from federal unemployment insurance tax.
J. Compensated Absences
Employees accrue (earn) vacation leave based on the number of years employed up to a maximum
of 20 days a year. Upon separation from service, employees are paid for unused vacation time.
Employees accrue (earn) sick leave at the rate of one day per month and may accumulate such
credits up to a total of 120 days. Employees who retire apply any unused sick leave to pay for individual
post employment health insurance benefits and potentially add accumulated sick time to be credited to their
service time in the NYS Retirement System.
Accrued vacation and accumulated sick leave is recorded in governmental funds as a long-term
liability in the General Long-Term Debt Account Group (GLTDAG) if payable from future financial
resources, or as a fund liability and expenditures, if payable from current resources. The liability for
compensated absences increased by$7,010 during the year to $90,568 and is reported in the GLTDAG
(W)Fund.
K. Post Employment Benefits
In addition to providing pension benefits, the Town of Ithaca provides health insurance coverage for
retired employees. Substantially all of the Town's employees may become eligible for these benefits if they
reach normal retirement age while working for the Town. Health care benefits are provided through an
insurance company whose premiums are based on the benefits paid during the year. The Town recognizes
PAGE 7
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
the cost of providing benefits by recording its share of insurance premiums as an expenditure in the year
paid.
HEALTH INSURANCE CARRIER
Univera Health Care
L. Deferred Compensation
The Town offers their employees a Deferred Compensation Plan (the Plan) created in accordance
with Internal Revenue Code Section 457. The Plan is available to all eligible participants, permits
participants to defer a portion of their salary until future years. Amounts deferred under the Plan are not
available to employees until termination,retirement, death or unforeseeable emergency.
Effective, January 1, 1998, all amounts of compensation deferred under the Plan, all property and
rights purchased with the amounts, and all income attributable to these amounts are the sole the property
and rights of the employee. As required, the Town Supervisor is the Chairman and Trustee of the Town's
Deferred Compensation Committee.
DEFFERRED COMPENSATION PLAN
PEB'SCO
Division of Nationwide Retirement Solutions
a Nationwide Financial Company
Note 2 Detail Notes on All Funds and Account Groups
A. Assets
1. Cash and Investments
State statutes govern the Town of Ithaca's investment policy. In addition, the Town of Ithaca has its
own written investment policy. Town of Ithaca monies must be deposited in FDIC_insured commercial
banks or trust companies located within the State of New York. The Supervisor and the Town Budget
Officer are authorized to use demand accounts and certificates of deposit. Permissible investments include
obligations of the U.S. Treasury and U.S. Agencies, repurchase agreements, and obligations of New York
State or its localities.
Collateral is required for demand deposits and certificates of deposit not covered by federal deposit
insurance. (FDIC) Obligations that may be pledged as collateral are obligations of the United States and its
agencies and obligations of the State and its municipalities and school districts.
PAGE 8
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31,2002
The written investment policy requires repurchase agreements to be purchased from banks located
within New York State and that underlying securities must be obligations of the federal government.
Underlying securities must have a market value of equal to the cost of the repurchase agreement, thus
insuring the invested principal cash value of the REPO. However, it has not been the practice of the Town
to invest taxpayer funds into bank repurchase agreements.
For purposes of reporting cash flow, cash equivalents are defined as short-term, highly liquid
investments that are both readily convertible to known amounts of cash at, or near their maturity.
Deposits and investments at year-end were entirely covered by federal deposit insurance or by
collateral held by the Town's custodial bank in the Town's name. All deposits including certificates of
deposit are carried at cost.
Deposits and investments are categorized as insured and for which the securities are held by the
Town's agent in the Town's name, and collateralized, and for which the securities are held by the pledging
financial institution's trust department or agent in the Town's name.
Deposits: Total bank balances at December 31, 2002 totaled$6,981,168. These deposits were fully
collateralized by securities with a fair market value at December 31, 2002 of$8,228,850 or 118%.
2. Changes in Fixed Assets
A summary of changes in general fixed assets as follows:
DESCRIPTION BALANCE ADDITIONS DELETIONS BALANCE
1/1/02 12/31/02
Land $ 133,368 $ 0 $ 0 $ 133,368
Buildings 2,392,370 1,419,731 0 2,399,748
Improvements 0
Other Than Bldg. 273,059 0 0 273,059
Furniture and
Furnishings 169,715 2,854 0 172,569
Network/Computer 101,985 8,851 0 110,836
Machinery& 2,660,477 220,302 30,520 2,850,259
Equip
Infrastructures 452,319 552,164 0 1,004,484
Const in Progress 560,057 1,513,957 552,164 1,521,850
Total $ 6,743,350 $ 2,305,506 $ 582,684 $ 8,466,172
PAGE 9
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
3. Other Receivables
The Town had the following receivables at December 31, 2002:
Fund Description Amount
Special Revenue:
Water Rents & Special Assessments $ 111,815
Sewer Rents & Special Assessments 160,477
Total Special Revenue $ 272,292
B. Liabilities
1. Pension Plans
Plan Description - The Town of Ithaca participates in the New York State and Local
Employees' Retirement System (ERS) and the Public Employees' Group Life Insurance Plan
(Systems). These are cost sharing multiple-employer retirement systems. The Systems
provide retirement benefits as well as death and disability benefits. Obligations of
employers and employees to contribute and benefits to employees are governed by the New
York State Retirement and Social Security Law (NYSRSSL). As set forth in the NYSRSSL,
the Comptroller of the State of New York (Comptroller) serves as sole trustee and
administrative head of the Systems. The Comptroller shall adopt and,may amend rules and
regulations for the administration and transaction of the business of the Systems and for the
custody and control of their funds. The Systems issue a publicly available financial report
that includes financial statements and required supplementary information. That report may '
be obtained by writing to the New York State and Local Retirement Systems, Gov. Alfred E.
Smith State Office Building, Albany,NY 12244.
Funding Policy - The Systems are noncontributory except for employees who joined the New York
State and Local Employees' Retirement System after July 27, 1976 who contribute 3 percent of their
salary. Under the authority of the NYSRSSL, the Comptroller shall certify annually the rates
expressed as proportions of payroll of members,which shall be used in computing the contributions,
made by employers to the pension accumulation fund. Chapter 126 (Laws of 2000) adds Article 19
"Benefit Enhancements" of the New York State and Local Employees' Retirement System. An
eligible Tier III or IV member with ten (10) or more years of membership or ten (10) of credited
service, will NOT be required to contribute to the Retirement System. Effective in 2000 the Town
adopted Section 41j of the Retirement System. This allows a retiring municipal employee to add
service credit by using accumulated sick time.
PAGE 10
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
The Town of Ithaca is required to contribute at an actuarially determined rate. The required
contributions for the current year and two preceding years were:
ERS
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 2002 fiscal year was $0.
2. Short-Term Debt
Liabilities for bond anticipation notes (BANs) are generally accounted for in the Capital Projects
Fund. The notes or renewal may not extend more than two years beyond the original date of issue unless a
portion is redeemed within two years and within each 12 month period thereafter.
State law requires that BANs issued for capital purposes be converted to long-term obligations
within five years after the original issue date. However, BANs issued for assessable improvement projects
may be renewed for periods equivalent to the maximum life of the permanent financing, provided that
stipulated annual reductions of principal are made. As of December 31, 2002, NO (-0-) BANs were
outstanding.
3. Long-Term Debt
a. At December 31, 2002, the total principal indebtedness outstanding of the Town of Ithaca
aggregated $3,745,000. Of this amount, $0 was subject to the Town's constitutional debt
limit and represented zero percent(0%) of its debt limit.
b. Bonds - The Town of Ithaca borrows money in order to acquire land or equipment or
construct buildings and improvements. This enables the cost of these capital assets to be
paid for by both present and future taxpayers receiving the benefit of the capital assets.
These long-term liabilities, which are full faith and credit debt of the Town, are recorded in
the General Long-Term Debt Account Group. The provision to be made in future budgets
for capital indebtedness represents the amount exclusive of interest, authorized to be
collected in future years from taxpayers and others for liquidation of the long-term liabilities.
PAGE 11
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
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 Debt- The following is a summary of Long-Term liabilities
outstanding at December 31, 2002 by fund type and account group:
Liability Debt Account Group
Serial Bonds $ 3,745,000
Compensated Absences 90,568
Total Outstanding $ 3,835,568
e. The following is a summary of changes in Long-Term liabilities for the period ended
December 31, 2002:
Serial Due Employee Compensated Installment
Bonds Retirement Absences Bond
Bal 1/1/02 $ 4,265,000 $ 0 $ 83,558 $ 0
Additions 0 0 7,010 0
Deletions 520,000 0 0 0
Bal 12/31/02 $ 3,745,000 $ 0 $ 90,568 $ 0
Deletions due to employee retirement and compensated absences are shown at net since it is impracticable
to determine these amounts separately. Interest expense for the year ended December 31, 2002 amounted to
$280,399. Unpaid Bond Interest on outstanding indebtedness at December 31, 2002 is $1,049,169.
f. Long-Term Debt Maturity Schedule- The following is a statement of serial bonds and
statutory installment bonds with corresponding maturity schedule. (See Exhibits A,B)
g. The following table summarizes the Town of Ithaca's future debt service requirements as of
December 31, 2002. (See Exhibit C)
PAGE 12
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
C. Reconciliation of Interfund Activities
Interfund receivables and payables at December 31, 2002 were as follows:
FUND DUE FROM DUE TO INTERFUND INTERFUND
REVENUE EXPENSE
Gen'l Town-Wide $ 462,756 $ 0 $ 181,997 $ 180,276
General Part-Town 0 0 0 25,253
Highway 0 0 938 150,253
Water 0 0 950 895,506
Sewer 0 0 9,532 1,291,011
Capital Projects 0 462,756 1,559,904 11,421
Debt service 0 0 800,399 0
TOTAL $ 462,756 $ 462,756 $ 2,553,720 $ 2,553,720
D. Fund Equity
1. Reserves
a. The General Townwide Fund equity includes reserve funds established future real property
tax settlements. The balance at the end of 2002 was $24,109. This Reserve Fund was
designated by Board Resolution No. 171 of October 2, 1997. Interest earnings increased the
Reserve Fund for the year.
•
b. The General Townwide Fund equity includes reserve funds established for future the
purpose of park development and the purchasing of development rights as outlined in the
Town's Open Space Plan. The balance at the end of 2002 was $183,842. This Reserve
Fund was designated by Board Resolution No. 170 of October 2, 1997. Interest earnings and
additional funding for the year both increased the Reserve Fund.
c. The Highway Equipment equity includes reserve funds established for highway machinery.
The balance at the end of 2002 was $5,662. This Reserve Fund was designated by Board
Resolution No. 193 of November 8; 1984. The reserve is funded by any unexpended
equipment appropriations for machinery at year-end. The Reserve Fund is also increased by
interest earned for the year.
PAGE 13
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
c. The General Townwide Fund equity includes reserve funds for future construction of a
highway building. The building will house road equipment, vehicle maintenance & repair
bays and administrative offices. The balance at the end of 2002 is $-0-. This Reserve Fund
was designated by Board Resolution No. 169 of November 9, 2000. Interest earnings also
increase the Reserve Fund for the year and potentially additional cash from unreserved fund
balance. In August of 2002 under Board Resolution No. 126 the Capital Project Fund—
"Public Works Facility Construction"was established to account for financing resources and
expenditures. Accumulated principal and interest earnings of$182,475 was transferred from
the reserve into the "Public Works Facility Construction" project. The reserve fund for
future construction was legislatively closed in August of 2002 under Board Resolution No.
143.
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 14
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
EXHIBIT A
ISSUE DESCRIPTION ISSUE ISSUE INTEREST MATURITY
DATE AMOUNT RATE
WATER & SEWER IMPROVEMENT/ 1976
( 13% WATER - 87% SEWER ) 3/1/77 $ 1,967,000 6.00% 3/1/03
SNYDER HILL ROAD 3/1/77 $ 158,000 6.00% 3/1/03
PUBLIC IMPROVEMENT/ 1986
( 19% WATER - 81% SEWER ) 5/15/87 $ 2,830,000 6.80% 5/1/06
WATER IMPROVEMENT/ 1984 5/15/87 $ 550,000 6.80% 5/15/06
WASTE WATER TREATMENT PLANT 5/15/87 $ 2,100,000 6.80% 5/15/06
SEWER IMPROVEMENT PORTION 5/15/87 $ 180,000 6.80% 5/15/06
PUBLIC IMPROVEMENT/ 1989
(49% WATER - 51% SEWER ) 9/1/89 $ 2,580,000 7.30% 3/1/08
WATER IMP/ 1ST SERIES 1987 9/1/89 $ 479,000 7.30% 3/1/08
WATER IMP /2ND SERIES 1987 9/1/89 $ 500,000 7.30% 3/1/08
OLD STH HILL WATER/ 1ST AUTH 9/1/89 $ 143,982 7.30% 3/1/08
OLD STH HILL WATER/2ND AUTH 9/1/89 $ 112,018 7.30% 3/1/08
CODDINGTOIN RD SEWER 9/1/89 $ 11,000 7.30% 3/1/08
SEWER IMP / 1ST SERIES 1987 9/1/89 $ 384,000 7.30% 3/1/08
SEWER IMP /2ND SERIES 1987 9/1/89 $ 950,000 7.30% 3/1/08
PAGE 15
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31,2002
EXHIBIT A
LISSUE DESCRIPTION ISSUE ISSUE AMOUNT INTEREST MATURITY
_ _ DEBT RATE
PUBLIC IMPROVEMENT BOND / 1991
( 52% WATER - 48% SEWER) 7/15/91 $ 4,465,000 6.625% 7/15/11
TOWN WATER BENEFITTED AREA 7/15/91 $ 2,337,000 6.625% 7/15/11
TWN OF ITHACA WTR BENEFITTED 7/15/91 $ 2,128,000 6.625% 7/15/11
TOTAL ISSUED DEBT $ 11,842,000
PAGE 16
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
EXHIBIT B
ISSUE OUTSTANDING ALLOCATED DEBT
12/31/02 WATER SEWER
WATER & SEWER IMPROVEMENT/ 1976 $ 5,000 $ 650 $ 4,350
( 13% WATER - 87% SEWER )
PUBLIC IMPROVEMENT/ 1986 $ 600,000 $ 114,000 $ 486,000
( 19% WATER - 81% SEWER )
PUBLIC IMPROVEMENT/ 1989 $ 890,000 $ 436,100 $ 453,900
(49% WATER - 51% SEWER )
PUBLIC IMPROVEMENT BOND / 1991 $ 2,250,000 $ 1,170,000 $ 1,080,000
( 52% WATER - 48% SEWER)
TOTAL LONG TERM DEBT $ 3,745,000 $ 1,720,750 $ 2,024,250
PAGE 17
TOWN OF ITHACA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2002
EXHIBIT C
SUMMARY OF FUTURE DEBT REQUIREMENTS
ISSUE DESCRIPTION 2003 2004 2005 2006 2007 2008 - 2011
PRIN INT PRIN INT PRIN INT PRIN INT PRIN INT PRIN INT
WATER&SEWER $ 5,000 $ 0 $ 0 $ 0 $ 0 $ '0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
IMPROVEMENT
BOND/ 1976
PUBLIC IMPROVEMENT 150,000 45,900 150,000 25,500 150,000 20,400 150,000 5,100 0 0 0 0
BOND/1986
PUBLIC IMPROVEMENT 140,000 70,080 140,000 49,275 150,000 38,325 150,000 27,375 150,000 16,425 150,000 5,475
BOND/1989
PUBLIC IMPROVEMENT 250,000 149,063 250,000 132,500 250,000 115,938 250,000 99,375 250,000 82,813 1,000,000 165,625
BOND/ 1991
TOTAL LONG-TERM $ 545,000 $265,043 $540,000 $207,275 $550,000 $ 174,663 $ 550,000 $ 131,850 $400,000 $ 99,238 $ 1,150,000 $ 171,100
DEBT
PAGE 18
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