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2003 Annual Report Submitted to the NYS Comptroller
All Numbers in This Report Have Been Rounded To The Nearest Dollar ANNUAL FINANCIAL REPORT UPDATE DOCUMENT For The TOWN of Ithaca County of Tompkins For the Fiscal Year Ended 12/31/2003 AUTHORIZATION ARTICLE 3, SECTION 30 of the GENERAL MUNICPAL LAW: 1. ***Every'Municipal Corporation *** shall annually make,a report of its financial condition to the Comptroller. Such report shall be made by the Chief Fiscal Officer of such Municipal Corporation 5. All reports shallbe certified by the officer making the same and shall be filed with the Comptroller within sixty days after the close of the fiscal year of such Municipal Corporation*** It shall be the duty of the incumbent officer at the time such reports are required to be filed with the Comptroller to file such report State of NEW YORK Office of The State Comptroller Division of Local Government Services and Economic Development Albany, New York 12236 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 2002 and has been used by the OSC as the basis for preparing this update document for the fiscal year ended 2003: (A)GENERAL (B)GENERAL TOWN-OUTSIDE VG (DB)HIGHWAY-PART-TOWN (FX)WATER (G)SEWER (H) CAPITAL PROJECTS (K)NON-CURRENT GOV ASSETS (SF) FIRE PROTECTION (SL) LIGHTING (TA)AGENCY (V)DEBT SERVICE (W)NON-CURRENT GOV LIABILITY All amounts included in this update document for 2002 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 Arinual Update Document For the Fiscal Year Ending 2003• (A)GENERAL Balance'Sheet odeDescription f "'!.! tdzi'. H'ii'a[` 20t}2 ,1 2003" r r— Assets Cash In Time Deposits 1,064,492 A201 1,981,937 Petty Cash 300 A210 600 r ;53TL 1;982TOTA 47 Accounts.Receivable 1,223' A380• 16,751 16,75_1;]IOTAL Other Receivables(net), 1,223 State&Federal,Other 2,297 A410 0 TOTAL State Arid Federal Aid Recelvables 2;297 .. ..� Due From Other Funds 462,756 A391 0 TOTAL Due From Other Funds 462,756 by Due From Other Governments 518,779 A440 333,648 1 TOTAL Due From"O#h'erGovernments,l ` ` 518;T19 3s3,648! Prepaid Expenses 10,122 A480 6,805 OTALPrepaidtikpen'ses �� 10;1�22 i'jl` 8;805', Cash,Special Reserves .207,951 A230 233,606 IOTA R#rlctetl Assets' 207;,951 233;8g6;' TOTAL Assets -_� �" 2,267,920 2,573,347 r r" Page 3 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 {A}GENERA!. Balance Sheet odeDascri".t3on �i d! I` . `2002 d'Cotle + ..:4'2003 � Liabilities And Fund Equity r, Accounts Payable 3,704 A600 2,746 TOTAL Accounts Payable 3,704 2,746 Accrued Liabilities 48,663 A601 92,488 - OI 7AL Accrued Liabilities 48,663 TOTAL Liabilities_ 52,367 95,23 General Reserve 207,951 A870 233,606 TOTAL Special,Reserves 207,951 233;606 Unreserved Fund Balance Appropriated 379,175 A910 703,317 TOTAL Unreserved Fund Balance-Appropriated 379,175 703,31? . Unreserved Fund Balance Unappropriated 1,628,427 A911 1,541,190 r . DOTAL Unreserved Fund Balance-Unappropriated 1,628,427 1,541,190 _ _.,. �._ _ ___... ...._.... _ ._ .... _..... _ ._.._ �. fjOTAL Fund Equity _ 2,115,553 2,478,113 TOTAL Liabilities And Fund Equity ._. 2,267,920 2,573,347 r I- Page 4 OSC Municipality Code 500342300000 f`w TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (A)GENERAL Results of Operation c2002 ,•, j Ed'C'eide 2003 Detail Revenues And Other Sources Real Properly Taxes 939,083 A1001 975,528 ' TOTAL Real Property Taxes 939,083 975,528 Other Payments In Lieu of Taxes 3,747 A1081 3,945 Interest&Penalties On Real Prop Taxes 11,146 A1090 10,924 TOTAL Real Property Tax Items 14,893 14,869: Non Prop Tax Dist By County 742,160 A1120 384,898 TOTAL Non Property Tax Items 742,166 384;898 Clerk Fees 3,264 A1255 3,914 Other General Departmental Income A1289 20,557 Public Pound Charges,Dog Control Fees 6,750 A1550 4,958 Contributions,Private Agencies-Youth 0. A2070 0 Other Home&Community Services income 4,547 A2189 2,609 TOTAL Departmental Income _14,571 _ 32,036 Youth Recreation Services,Other Govts 50,169 A2350 59,522 TOTAL-Intergovernmental Charges 50,169 59,522 Interest And Earnings 44,613 A2401 33,798 Rental,Other(specify) 16,489 A2440 37,304 TOTAL Use of Money And Property '61,102: 71,102 Bingo Licenses 533 A2540 283 Dog Licenses 1,846 A2544 3,943 - TOTAL Licenses And,Permits 2,379! 4,226 Fines And Forfeited Bail 207,836 A2610 221,443 TOTAL Fines And Forfeitures 207,8316 22t,443 Sales of Real Property A2660 293,327 Sales of Equipment 98 A2665 5,213 r Insurance Recoveries 432 A2680 2,448 TOTAL Saleof Property And Compensation For-Loss 530 300,988 Refunds of Prior Year's Expenditures 33,246 A2701 9,980 r Unclassified(specify) 18,752 A2770 28,733 , TOTAL Miscellaneous Local Sources 51,998 38,113 St Aid,Mortgage Tax 347,119 A3005 355,982 St Aid,Real Property Tax Administration 975 A3040 ST.Aid,Records MgmT. 14,922 A3060 7,215 St Aid-Other(specify) 804 A3089 1,178 TOTAL State Aid 463,820 364,375 TOTAL Revenues 2,448,541 2,467,702 Interfund Transfers 181,997 A5031 232,253 TOTAL Interfund Transfers 181,997 232,253 TOTAL Other Sources 181,997 232,253 r TOTAL Detail.Revenues And Other Sources 2,630,538 2,699,955 Page 5 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 {A)GENERAL Results of Operation �CWe10R riPilo Detail Expenditures And Other Uses Legislative Board,Pars Sery 42,631 A10101 43,777 Legislative Board,Contr Expend 2,878 A10104 1,039 TOTAL Legislative Board 45,509 44,916] Municipal Court,Pers Sery 97,076 A11101 106,376 Municipal Court,Equip&Cap Outlay Al 1102 694 Municipal Court,Contr Expend 135,279 A11104 133,802 TOTAL Municipal Court 232,356 2=40,87=2 Supervisor,pers Sery 45,074 A12201 46,927 Su perviso r,equip&Cap Outlay 247 A12202 1,888 Supervisor,contr Expend 2,504 A12204 840 TOTAL Supervisor 47,825 49,6551 Auditor,Contr Expend 4,788 A13204 8,200 TOTAL Auditor 4,788 8$2001 Tax Collection,pers Sery 13,508 A13301 14,070 Tax Collectlion,contr Expend 3,663 A13304 5,231 TOTAL Tax Collection 17,161 19,301_1 Budget,Pers Sery 91,364 A13401 96,000 Budget,Equip&Cap Outlay 247 A13402 0 Budget,Contr Expend 3,276 A13404 2,081 TOTAL Budget 94,887 98,0811] Clerk,pers Sery 82,860 A14101 100,142 Clerk,contr Expend 5,713 A14104 5,044 TOTAL Clerk 88,573 105,1861 Law,Contr Expend 32,812 Al 4204 28,146 TOTAL Law 32,812 28,146 Personnel,Pers Sery 83,558 Al 4301 91,339 Personnei,equip&Cap Outlay 247 Al 4302 0 Personnel,Contr Expend 7,738 At 4304 6,153 TOTAL Personnel 91,543 97,492i Engineer,Pers Sery 190,053 Al 4401 178,910 Engineer,Equip&Cap Outlay 20,039 Al 4402 25,772 Engineer,Contr Expend 11,398 Al 4404 9,640- TOTAL Engineer 221,490 -214,322] Elections,Contr Expend 10,414 Al 4504 6,347 TOTAL Elections 10,414 ....693471 Records Mgmt, PerS.SerV. 41,064 Al 4601 53,997 Records Mgmt, Equip&Cap Outlay 0 A14602 0 Records Mgmt,Contr Expend 5,540 A14604 21,043 TOTAL Records,Mgmt_ 46,604 70;040 Buildings,Pers Sery 38,530 Al 6201 33,241 Buildings,Equip&Cap Outlay 11,628 Al 6202 3,389 Buildings,Contr Expend 57,210 At 6204 53,378 TOTAL Buildings 107,368 96,0081 Central Comm System,Contr Expend 5,013 At 6504 4,439 TOTAL Central Comm,System 5,013 4,4391 Page 6 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (A)GENERAL + Results of Operation Detail Expenditures And Other uses Central Storeroom,Contr Expend 4,657 A16604 1,681 TOTAL Central Storeroom 4,657 1,681 Central Print&Mail,Equip&Cap Outlay 0 A16702 0 r`r Central Print&Mail,contr Expend 6,050 A16704 8,951. TOTAL Central Print&Mall 6,050 8,951 Central Data Process&Cap Outlay 7,545 A16802 16,308 Central Data Process,Contr Expend 26,549 A16804 31,652 TOTAL Central Data Process 34,094 47,960 Unallocated Insurance,Contr Expend 23,564 A19104 25,031 TOTAL unallocated Insurance 23,564 25,031 Municipal Assn Dues,Contr Expend 2,166 A19204 2,466 TOTAL Municipal�A'ssnDues 2;166 2,466 Pur of Landfright of Way,Contr Expend 0 A19404 75,712 TOTAL Pur of Landlright of Way 0 75,7.12 Taxes&Assess On Munic Prop,Contr Expend 24,870 A19504 21,161 TOTAL Taxes&Assess On Munic Prop , 24,870 21,1,61 TOTAL General Government Support 1,141,743 1,264,867 Police,Pars Sent 14,804 A31201 16,181 Police,Contr Expend 0 A31204 0 TOTAL Police 14,804 Traffic Control,Contr Expen - 5,577 A33104.--- 4,543 TOTAL Traffic,Control 5,577 4,543 Control of Animals,Contr Expend 22,920 A35164 22,920 TOTAL Control of Animals 22,920 22;920 TOTAL Public Safety 43,301 43,644 Street Admin,Pars Sery 94,157 A50101 101,594 Street Admin,Equip&Cap Outlay 0 A50102 0 Street Admin,Contr Expend 2,842 A50104 4,642 TOTAL Street'Admin 96,999 106,236 Garage,Pars Sent 33,630 A51321 43,593. Garage,Equip&Cap Outlay 1,000 A51322 3,692 r Garage,Contr Expend 66,091 A51324 88,390 TOTAL Garage 100,121 i35,675 Street Lighting,Contr Expend 32,286 A51824 33,161 TOTAL Street Lighting' 32;2t36 33;.161 TOTAL Transportation 23%006 275,072 Parks,Pers Sery 94,048 A71101 124,845 Parks,Equip&.Cap Outlay 27,540 A71102 23,624 r' Parks,Contr Expend 28,417 ,A71104 30,899 ,- TOTAL Parks 150,005 179,368' Playgr&Rec Centers,Contr Expend 0 A71404 0 TOTAL Playgr&Rec Centers 0 0 Joint Youth Prog,Contr Expend 262,188 A73204 257,992 TOTAL Joint Youth=Frog 262,188 257,9$2 Page 7 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (A)GENERAL Results of Operation 2 :r ,r' Detail Expenditures And Other Uses Historian,Contr Expend 8,037 A75104 8,400 TOTAL Historian 8,03T 8,400 Celebrations,Equip&Cap Outlay 929 A75502 2,136 TOTAL Celebrations 929 2,136 } TOTAL Culture And Recreation 421,159 4470896 f Misc home&Comm Serv,Contr Expend 25,574 A89894 33,744 TOTAL Misc Home&'Comm Sery 25,574 33,744 TOTAL Home And Community Services 25,574 33,744 State Retirement System 11;932 A90108 130,630 Social Security,Employer Cont 72,486 A90308 81,061 Worker's Compensation,Empl Bnfts 8,830 A90408 19,720 Life Insurance;Empi Bnfts 1,806 A90458 1,808 Unemployment Insurance,Empi Bnfts 0 -A90508 0 Disability Insurance,Empl Bnfts 4,031 A90558 4,560 Hospital&Medical(dental)Ins,Empl Bnft 142,925 A90608 126,873 TOTAL EmploYee Benefits 242,010 364,652 TOTAL Expenditures 2,103,793 2,429,875 Transfers,Other Funds 2,000 A99019 2,000 Transfers,Capital Projects Fund 178,276 A99509 5,520 TOTAL Operating Transfers 180,276. 7,520' TOTAL Other Uses 180,276 7,520 TOTAL Detail Expenditures And Other Uses 2,284,069 2,4370395 1 . Page 8 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (A)GENERAL Changes in Fund Equity ode Descr'.i`tian . r 2002�. � ,�Ed`:Code „ 20031 ,w� i ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity-Beginning of Year 1,869,084 A8021 2,215,553 Restated Fund Equity-Beg of Year 1,869,084 A8022 2,215,553 ADD-REVENUES AND OTHER SOURCES 2,630,538 2,699,955 DEDUCT-EXPENDITURES AND OTHER USES .2,284,069 2,437,395 Fund Equity-End of Year 2,215,553 A8029 2,478,113 Page 9 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 {A}GENERAL Budget Summary Cade,Descriptiori° . . „, ;• EcipCadeOri_a 2003 I Modified 20Q3 Differ ne ce ";;Adopted 2004 Estimated Revenues And Other Sources Est Rev-Real Property Taxes A1049B 975,528 976,528 0 1,052,475 Est Rev-Real Property Tax Items A1099B 11,700 14,869 3,169 12,600 Est Rev-Non Property Tax Items At 199B 335,972 384,898 48,926 304,900 Est Rev-Departmental Income A1299B 33,850 32,037 -1,813 33,800 Est Rev-Intergovernmental Charges A2399B 63,000 59,522 -3.478 57,762 Est Rev-Use of Money And Property A2499B 72,300 70,428 -1,872 56,300 Est Rev-Licenses And Permits A2599B 1,800 4,226 2,426 2,010 Est Rev-Fines And Forfeitures A2649B 205,000 221,443 16,443 205,000 Est Rev-Sale of Prop And Comp For Loss A2699B 0 300,989 300,980 0 Est Rev-Miscellaneous Local Sources A2799B 18,000 38,485 20,485 0 r Est Rev-Interfund Revenues A2801 B 203,608 22,225 -181,383 376,485 Est Rev-State Aid A3099B 379,270 364,375 -14,895 194,928 Est Rev-Federal Aid A4099B 0 0 0 0 TOTAL Estimated Revenues 2,300,028 2,490,025 188,997 2,296,260 Estimated-Interfund Transfer A5031 B 0 0 0 0 Appropriated Reserve A511 B 0 0 0 0 Obligations Authorized A530B 0 0 0 0 Estimated-Proceeds of Obligations A57998 0 0 0 0 Appropriated Fund Balance A599B 379,175 -61,008 -440,183 703,317 TOTS AL Estimated Other Sources 379,175 -61,008 T� :440,183 703,327 TOTAL Estimated Revenues And Other Sources 2,679,203 29428,017 -251,186 2,999,51, r Page 10 OSC Municipality Code 500342300000 �t TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (A)GENERAL Budget Summary Code Description �" >=d Code' ; .Origina12003 Modif�ad2003• Difference ' " 'r'A'do-ted 2004:;` Appropriations And Other Uses App-General Government Support A1999B 1,241,105 1,189,154 51,951 1,214,650 App-Education A29998 0 0 0 0 App-Public Safety A3999B 51,800 43,644 8,156 95,820 App-Health A4999B 0 0 0 0 App-Transportation A5999B 267,700 275,072 -7,372 242,520 App-Economic Assistance And Opportunity A6999B 0 0 0 0 App-Culture And Recreation A7999B 684,215 523,608 160,607 904,737 App-Home And Community Services A8999B 23,750 33,744 -9,994 23,750 r App-Employee Benefits A9199B 255,800 355,275 -99,475 390,100 App-Debt Service A9899B 152,833 0 152,833 0 TOTAL Appropriations 2,677,203 2,420,497 256,706 2,871,577i Other Budgetary Purposes A962B 0 0 0 0 r' App-interfund Transfer A9999B 2,000 7,520 -5,520 128,000 TOTAL Other Uses 2,000 7,520 -5,520 128;000 TOTAL Appropriations.And Other Uses 2,679;203 2,428,017 251 i186 2,999,5771 r r Page 11 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year.Ending 2003 (B)GENERAL TOWN-OUTSIDE VG Balance Sheet k.� Assets Cash In Time Deposits 291,871 B201 235,049 TOTAL Cash 291,811 235,049 Accounts Receivable 350 8380 0 TOTAL Other Receivables(net) 850 0. Due From Other Funds 0 B391 0 TOTAL Due From Other Funds 0 0 Due From Other Governments 0 B440 0 TOTAL Due,i rom Other Governments 0 O Prepaid Expenses 144 8480 140 TOTAL Prepaid.Expenses 144 140' TOTAL Assets 292;385 235,189 r� r^ Page 12 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 r� (B)GENERAL TOWN-OUTSIDE VG Balance Sheet ,Cod's bescription 2002 Code 2003",` u,s . a -$ Liabilities And Fund Equity Accounts Payable 721 B600 399 TOTAL Accounts Payable 721 399 Accrued Liabilities _ 33,492 B601 46,054 TOTAL Accrued Liabilities 33,492 460654 Due To Other Funds 0 B630 TOTAL Due To Other Funds 0 0 OT TAL Liabilities _ 34,213 46,453 Unreserved Fund Balance Appropriated 258,152 B910 188,736 IT TAL Unreserved,Fund Balance Appropriated M �µw 258,152 188,73B LOTAL Fund Equity �259,152 188,7,36 TOTAL Liabilities And Fund Equity 292,365 235,189 r-^ r l r Page 13 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (B)GENERAL TOWN-OUTSIDE VG Results of Operation Detail Revenues And Other Sources Sales Tax(from County) 289,013 B1120 386,608 Franchises 55,300 B1170 65,552 TOTAL Non Property'Tax Items 344,313 452,160 ' Zoning Fees 67,841 B2110 55,009 _ Planning Board Fees 4,225 B2115 4,477 TOTAL Departmental Income 72,066 58,486 Youth Recreation Services,Other Govis 0 B2350 0 TOTAL Intergovernmental Charges '" V 0 r^� 'Interest And Earnings 5,370 B2401 1,650 l TOTAL Use of Money And Property 5,370 1,650 Insurance Recoveries 73 B2680 646 Other Compensation For Loss 7,730 B2690 5,329 TOTAL Sale of Property And Compensaiion For Loss 7,903' 5,975; Refunds of Prior Year's Expenditures 82701 2,126 Unclassified(specify) 01 B2770 0 TOTAL Miscellaneous Local Sources 0 2,120 St Aid,State Revenue Sharing 72,096 B3001 72,096 TOTAL State Aid 72,096 72,096 t` TOTAL Revenues 501,649 593,487 Interfund Transfers 0 B5031 0 TOTAL Interfund'Transfers 0 0 TOTAL Other Sources 0 0 TOTAL Detail Revenues And Other Sources 501,648 593;487 r� r^ r'• t Page 14 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (B)GENERAL TOWN-OUTSIDE VG Results of Operation ode Descrip;G'on 2002 Ed C?ode 2003 :a" ., . Detail Expenditures And Other Uses Auditor,Contr Expend 800 813204 800 TOTAL.Auditor 800 Bob Law,Contr Expend 53,584 B14204 29,840 TOTAL Law 53,584 29,846 Central Comm System,Contr Expend 2,625 B16504 2,331 TOTAL Central Comm System 2,625 2,331 Central Print&Mail,Contr Expend 2,289 B16704 1,802 TOTAL Central Print&MaiI 2,289 1,802 Central Data Process&Cap Outlay 1,530 B16802 0 Central Data Process,Contr Expend 7,229 B16804 6,916 TOTAL Central Data Process 8,759 6,916 Administration-Contractual 0 B17104 0 TOTAL Administration-Contractual 0 0'. Unallocated Insurance,Contr Expend 8,139 B19104 9,350 TOTAL Unallocated Insurance 8,139 9,350 TOTAL General Government Support 76,196 51,039 Street Admin,Contr Expend 850104 0 TOTAL Street Admin 0 _ 01 TOTAL Transportation, 0 0 Playgr&Rec Centers,Pars Sery 0 B71401 0 Playgr&Rec Centers,Equip&Cap Outlay 0 371402 0 Playgr&Rec Centers,Contr Expend 0 B71404 0 TOTAL.Playgr&Rec Centers 0 0 TOTAL Culture And Recreation 0 0 Zoning,Pers Sery 137,105 B80101 135,816 Zoning,Equip&Cap Outlay 20,189 B80102 0 Zoning,Contr Expend 5,516 B80104 4,891 TOTAL Zoning _ 162,809 140,707 Planning,Pers Sery 230,117 680201 234,086 Planning,Equip&Cap Outlay M B80202 17,131 Planning,Contr Expend 18,051 B80204 9,403 TOTAL Planning 248,885 266,620 Environmental Control,Contr Expend B80904_ 43,873 TOTAL Environmental Control 0 .43A73 TOTAL Home And,Community Services, 411,694 445,200 State Retirement, Empl Bnfts 3,952 B90108 32,420 Social Security,Empl Bnfts 27,975 B90308 28,215 Worker's Compensation,Empi Bnfts 2,300 B90408 3,560 Life Insurance,Empl Bnfts 672 890458 679 Disability Insurance,Empi Bnfts 1,510 B90558 1,741 Hospital&Medical(dental)Ins,Empl Bnft 49,425 B90608 47,147 TOTAL Employee Benefits 85,834 113,762 TOTAL Expenditures 573,724 610,001 r - ` Page 15 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (B)GENERAL TOWN-OUTSIDE VG Results of Operation iGodi3Descnp#ibn �` ` _ �2CJ02 °� Ed°`;�tsdeE zoa�n' _�? Detail Expenditures And Other Uses Transfers,Other Funds 25,253 B99019 52,902 Transfers,Capital Projects Fund 0 B99509 0 TOTAL Operating Transfers 25,253` 52,902 TOTAL Other Uses 26,253 52,902 'TOTAL Data Expenditures And Other Uses 598,977 662,903 Page 16 OSC Municipality Code 500342300000 r' TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (B)GENERAL TOWN-OUTSIDE VG Changes in Fund Equity 66 De'j ij i_dn 2002 i1 Cocie�d :2003,;* .��,. r _ _ ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity-Beginning of Year 355,481 B8021 258,152 Restated Fund Equity-Beg of Year 355,481 B8022 258,152 ADD-REVENUES AND OTHER SOURCES 501,648 593,487 DEDUCT-EXPENDITURES AND OTHER USES 598,977 662,903 Fund Equity-End of Year 258,152 B8029 188,736 Page 17 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (B)GENERAL TOWN-OUTSIDE VG Budget Summary iCode Description EdpCode ,Orlginai 2043 Moc lfied 2003^ Differecice ;Ad'o fed 2004 q Estimated Revenues And Other Sources Est Rev-Real Property Taxes 81049E 0 0 0 0 Est Rev-Real Property Tax Items 81099E 0 0 0 0 Est Rev-Non Property Tax Items B1199B 410,643 438,608 27,965 480,700 Est Rev-Departmental Income 81299E 46,000 57,558 11,558 58,000 EsT.ReV.-Intergovernmental Charges B2399B 0 0 0 0 Est Rev-Use of Money And Property B2499B 4,200 4,200 0 1,000 Est Rev-Licenses And Permits 62599E 0 0 0 0 Est Rev-Fines And Forfeitures B2649B 0 0 0 0 Est Rev-Sale of Prop And Comp For Loss B2699B 12,000 14,427 2,427 0 Est Rev-Miscellaneous Local Sources B2799B 0 0 0 0 Est Rev-Interfund Revenues B2801 B 0 0 0 0 Est Rev-State Aid B30998 70,000 72,096 2,096 70,000 Est Rev-Federal Aid B4099B 0 0 0 0 TOTAL Estimated Revenues 542,843 586,889 44,046 609,700 Estimated-interfund Transfers B5031 B 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 B5998 144,879 128,392 -16,487 132,371 DOTAL Estimated Other Sources 144,879 128,392 -16,487 132,371 TOTAL Estimated Revenues And Other'Sources 687,722 716,281 27,559 742,071� Page 18 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (B)GENERAL TOWN-OUTSIDE VG Budget Summary Ori i bode Description b� - Ed Code jial2003 Modifie d 2003. �dop et d2004' D�ffererioe,' Appropriations And Other Uses App-General Government Support 81999E 62,170 62,577 -407 62,795 App-Public Safety B3999B 0 0 0 0 App-Health B4999B 0 0 0 0 App-Transportation B5999B 50,000 50,000 0 50,000 App-Economic Assistance And Opportunity 86999B 0 0 0 0 App-Culture And Recreation B7999B 0 0 0 0 App-Home And Community Services B8999B 429,650 430,982 -1,332 447,700 App-Employee Benefits B9199B 93;000 118,820 -25,820 148,100 App-Debt Service B9899B 0 0 0 0 tTOTAL Appropriations 634,820 662,379 -27,559 708,595 Other Budgetary Purposes B962B 0 0 0 App-Interfund Transfer B99998 52,902 52,902 0 33,476 TOTAL Other'TUses 52;902 52,902 0 33,476� _ _ _ _ _....._ ...L TOTAL Appropriations And Other Uses 687,722 715,281 -27,559 742,071� Page 19 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (DB)HIGHWAY-PART-TOWN Balance Sheet ,Code besoription i Ei 2002 EdPGode`� rufi20DS, ,i ,' Assets Cash In Time Deposits 525,821 DB201 190,596 Petty Cash 200 D8210 200 TOTAL Cash 526,021 190,796 Accounts Receivable DB380 4,040 TOTAL Other Receivables(net) 0_ 4,040 Due From Other Governments DB440 212,303 TOTAL Due From Other Governments 0 212,303 Prepaid Expenses I" DB480 0 TOTAL Prepaid Expenses 144 0 Cash Special Reserves 5,662 06230 7,802 TOTAL Restricted Assets 5;662 7,802 TOTAL Assets _ 531,827 �414,941 Page 20 OSC Municipality Code 500342300000 TOWN OF Ithaca ` Annual Update Document For the Fiscal Year Ending 2003 (DB)HIGHWAY-PART-TOWN Balance Sheet 2do , Liabilities And Fund Equity Accounts Payable 8,290 DB600 15,997 TOTAL Accounts Payable 8,290 15,997 Accrued Liabilities 35,805 DB601 83,265 YOTAL Accrued Liabilities 35,805 83,265 ITOTALLiabilities _---- T 44,095 99,262 Capital Reserve 5,662 DB878 7,802 OTAL SpeciaMeserves 5,662 7,80" Unreserved Fund Balance Appropriated 337,007 DB910 443,706 TOTAL Unreserved Fund 007 4 Balance-Appropriated 337, 43,70 - -- -- � Unreserved Fund Balance Unappropriated 145,063 DB911 -135,829 TOTAL Unreserved Fund Balance-Unappropriated _ ..._. L. 145,063 TOTAL Fund:Equity 487,732 315;679� [rOTAL Liabilities And';Fund Equity 531,827 414,941 i s-r r� i Page 21 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (DB)HIGHWAY-PART-TOWN Results of Operation Code Description . %r ;,,� �c€ 2002 :+ Edd 'g� 2003i; ...aa Detail Revenues And Other Sources Sales Tax(from County) 1,305,761 DB1120 1,628,181 TOTAL Non Property Tax Items — 1,305,761 1,628,181 Transportation Services,Other Govts 35,779 DB2300 34,732 TOTAL Intergovernmental Charges 35,779 34;732 Interest And Earnings 10,855 DS2401 2,834 TOTAL Use of Money And Property 10,855 2,834 Sales of Equipment 30,191 DS2665 21,116 Insurance Recoveries 2,170 D82680 3,797 TOTAL Sate of Property And Compensation For Loss 32,361 24,913 Refunds of Prior Year's Expenditures DB2701 9,792 Unclassified(specify) 140 DS2770 0 TOTAL Miscellaneous Local Sources _ 146 9,792' St Aid,Consolidated Highway Aid 51,282 DB3501 60,105 TOTAL State Aid 51,282 60,105 TOTAL Revenues 1,436,1' 8 1,760,557 interfund Transfers 938 DB5031 37,635 TOTAL Interfund'Transfers 06 37,635 TOTAL Other Sources 938 37,635' TOTAL Detail Revenues And Other Sources 1,437,116 1,798,192 Page 22 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (DB)HIGHWAY-PART-TOWN Results of Operation ,t ode Description . ., . , _ 2002' Detail Expenditures And Other Uses Administration-Contractual 5,081 DB17104 5,359 TOTAL Administration-Contractual 5,081 5,359 11 Unallocated Insurance,Contr Expend 30,506 DB19104 37,617 TOTAL Unallocated Insurance 30,506 37,61T TOTAL General Government Support - _ _- _35,587, r 42,976 Maint of Streets,Pers Sery 320,356 DB51101 282,564 Maint of Streets,Contr Expend 80,834 DB51104 109,580 TOTS of Streets 401,190 392044 Improvements,Pers Sery 158,559 DB51121 108,010 Perm Improve Highway,Contr Expend 178,042 DB51124 237,169 rOTAL Perm Improve_Highway 336,601 345,179 Machinery,Pers Sery 52,628 DB51301 62,873 Machinery,Equip&Cap Outlay 172,519 DB51302 168,223 Machinery,Contr Expend 81,041 DB51304 117,044 TOTAL Machinery 306,188 348,140 Brush And Weeds,Pers Sery 42,412 DB51401 76,524 Brush And Weeds,Contr Expend 14,181 DB51404 14,639 TOTAL Brush And Weeds 56,593 91,063 Snow Removal,Pers Sery 99,806 DB51421 156,442 Snow Removal,Equip&Cap Outlay 0 DB51422 0 Snow Removal,Contr Expend 91,942 DB51424 98,719 TOTAL Snow Removal 191,748 255,161 TOTAL Transportation 1,292,320 1.431.687 State Retirement,Empl Bnfts 10,149 DB90108 150,851 Social Security,Empl Bnfts 51,414 DB90308 52,200 Worker's Compensation,Empl Bnfts 35,672 DB90408 57,679 Life Insurance, Empl Bnfts 1,948 DB90458 2,021 Unemployment Insurance, Emp1 Bnfts 3,442 DB90508 2,281 Disability Insurance,Empl Bnfts 3,507 DB90558 4,189 Hospital&Medical(dental) Ins,Empl Bnft 161,189 DB90608 173,459 TOTAL Employee Benefits 267,321 442;680 TOTAL Expenditures _ 1,595,228 1,917,343 Transfers,Other Funds 25,253 DB99019 52,902 Transfers,Capital Projects Fund 125,000 DB99509 0 TOTAL Operating Transfers 150,263 52,902 TOTAL Other Uses 150,253 52,902 TOTAL Detail Expenditures And Other Uses 1,745,481 1,970,24- Page 23 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (DB)HIGHWAY-PART-TOWN Changes in Fund Equity Gode Descrijhtiort` 2002� - dCode'��. ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity-Beginning of Year 796,097 DB8021 487,732 Restated Fund Equity-Beg of Year 796,097 DB8022 487,732 ADD-REVENUES AND OTHER SOURCES 1,437,116 1,798,192 DEDUCT-EXPENDITURES AND OTHER USES 1,745,481 1,970,245 Fund Equity-End of Year 487,732 DB8029 315,679 Page 24 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (DB)HIGHWAY-PART-TOWN Budget Summary bode Description, �, ' Ed Code On ina12003 'Modified�2005 Difference Adopted 2004 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 1,394,065 1,628,181 234,116 1,472,300 Est Rev-Departmental Income DB1299B 0 0 0 0 EsT.ReV.-Intergovernmental Charges DB2399B 38,300 45,400 7,100 64,000 Est Rev-Use of Money And Property DB24998 10,000 10,000 0 2,300 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 42,500 43,797 1,297 50,000 Est Rev- Miscellaneous Local Sources D82799B 50o 10,292 9,792 500 Est Rev-Interfund Revenues D32801 B 0 0 0 0 Est Rev-State Aid D83099B 50,000 60,105 10,105 50,000 Est Rev-Federal Aid DB4099B 0 0 0 0 TOTAL Estimated Revenues 1,535,365 1,797,775 262,410 1,639,100 Estimated-Interfund Transfer DB5031 B 0 37,635 37,635 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 337,007 335,653 -1,354 443,706 T TAL Estimated Other Sources _ � � 337,007 �w 373,288 36,281 _ _ 443,706 TOTAL Estimated Revenues And Other Sources 1,872,372 _ 2,171,063 _298,691� 2,082;806 Page 25 OSG Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (DB)HIGHWAY-PART-TOWN Budget Summary ode Descri . , ptibr) Ed Code Original 2003 Modified 2003 , DifferariC'e :Ado ted 200¢ Appropriations And Other Uses App-Transportation DB5999B 1,512,970 1,697,981 -185,011 1,612,130 r • App-Home And Community Services DB8999B 0 0 0 0 App-Employee Benefits DB91998 306,600 420,180 -113,680 437,200 App-Debt Service DB9899B 0 0 0 0 TOTAL Appropriations 1,819,470 2,118,161 -298,691 2,049,330 Other Budgetary Purposes DB962B 0 0 0 0 Interfund Transfers DB9999B 52,902 52,902 0 33,476 7i 07AL Other Uses 52,902 52902 0 33;97 ITOTAL Approprlations And Other Uses' 1,872,372 2,171,063 -298;691 2,082,806� Page 26 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (FX)WATER Balance Sheet ode Des,GrC tionN �� i t a.�y a. i i��� 2002 ":;,Rs' O bode 2003 . Assets Cash In Time Deposits 433,792 FX201 152,609 TOTAL Cash 433,792 152,609. Water Rents Receivable 111,815 FX350 140,569 r Accounts Receivable 1 62 FX380 288 TOTAL Other Receivables(net) 111,877 140,857 Due From Other Funds 0 FX391 0 TOTAL Due From Other Funds 0 0 Due From Other Governments 4,718 FX440 4,718 TOTAL Due From Other Governments 4,718 4,718' Prepaid Expenses 144 FX480 140 TOTAL Prepaid,Expenses 144 140 OTAL Assets - 55001, 29§,324'. r r-� r^ l4. r Page 27 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (FX)WATER Balance Sheet (lade Description Liabilities And Fund Equity Accounts Payable 69,645 FX600 2,281 TOTAL Accounts Payable 69,645 u81 Accrued Liabilities 110,265 FX601 12,134 TOTAL Accrued Liabilities _ 110,265 12,154 Deferred Revenues 4,719 FX691 4,719 70TAL Deferred Revenues 4,719 4;719 �.. ..;� TOTAL LiabilitiesT 1841629 i9,134. Unreserved Fund Balance Appropriated .5,182 FX910 33,521 TOTAL Unreserved Fund Balance-Appropriated �5,182 33;521 Unreserved Fund Balance Unappropriated 371,084 FX911 245.669 TOTAL Unreserved Fund Balance-Unappropriated 371,084 245,6699 LCLT�L Fund TOTAL Liabilities'And Fund E uit 550,531 - 298,3{ q y 2d Page 28 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document r For the Fiscal Year Ending 2003 (FX)WATER Results of Operation Detail Revenues And Other Sources Special Assessments Ad Valorem 399,236 FX1028 403,646 TOTAL Real Property Taxes 399,236 403,646 Metered Water Sales 1,470,745 FX2140 1,376,445 Water Service Charges 7,213 FX2144 12,071 Interest&Penalties On Water Rents 15,857 FX2148 25,421 Other Home&Community Services Income 0 FX2189 0 TOTAL Departmental Income 1,493,818 1,41.3,937 Service For Other Govts 472 FX2378 522 TOTAL Intergovernmental Charges 472 522 Interest And Earnings 10,627 . FX2401 2,153 TOTAL Use of Money And Property 10,627 2,153 Insurance Recoveries 300 FX2680 200 TOTAL Sale of Property And Compensation For Loss 300 2001 Refunds of Prior Year's Expenditures 11,35Z FX2701 83,901 TOTAL Miscellaneous Local Sources 11,352 83,901 TOTAL Revenues 1,915,802 1,909l359 Interfund Transfers 950 FX5031 19,571 TOTAL Interfund Transfers 950. 19,571 TOTAL Other Sources m 19;511 TOTAL Detail Revenues AndiOther Sources 1,916,162 1,923,930 r^, r^` i i Page 29 OSC Municipality Code 500342300000 1 _ TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (FX)WATER Results of Operation Detail Expenditures And Other Uses Credit Card Fees 0 FX13754 0 TOTAL Credit Card Fees 0 0 Law,Contr Expend 2,326 FX14204 13,726 TOTAL Law 2,326 13,726 Central Print&Mail,Contr Expend 1,296 FX16704 0 TOTAL Central Print&Mail 1,296 0 Central Data Process&Cap Outlay 2,585 FX16802 1,506 Central Data Process,Contr Expend 10,907 FX16804 9,166 TOTAL Central Data Process _ 13,492 10,672 Administration-Contractual 18,021 FX17104 9,186 TOTAL Administration-Contractual 18,021 9086 Unallocated Insurance,Contr Expend 0 FX19104 15,163 TOTAL Unallocated Insurance 0 16,163' TOTAL General Government Support 35,135 48,747 Water Administration,Pers Sent 27,780 FX83101 30,958 Water Administration,Contr Expend 348 FX83104 862 TOTAL Water Administration 28,126 31,820 Water Trans&Distrib,Pers Sery 50,976 FX83401 72,537 Water Trans&Distrib,Equip&Cap Outlay 14,414 FX83402 12,641 Water Trans&Distrib,Contr Expend 110,527 FX83404 130,513 TOTAL Water Trans&Distrib 175,917 215,691 Common Water Supply,Contr Expend 1,025,443 FX83504 1,301,923 TOTAL Common Water Supply 1,025,443-_ 1,301,923 Other Water,Contr Expend 0 FX83894 0 TOTAL Other Water 0 0 TOTAL Hoene And Community Services 1;229;488 1,549,434' State Retirement,Empi Bnfts 190 FX90108 2,160 '~ Social Security,Empi Bnfts 6,151 FX90308 7,856 Workers Compensation,Empl Bnfts 1,079 FX90408 3,367 Life Insurance,Empi Bnfts 64 FX90458 49 Disability Insurance,Empi Bnfts 141 FX90558 127 Hospital&Medical(dental)Ins,Empi Bnft 4,650 FX90608 4,604 TOTAL Employee Benefits 12,275 18,163 TOTAL Expenditures 1,276,898 1,616,344 Transfers,Other Funds 407,878 FX99019 394,298 Transfers,Capital Projects Fund 487,628 FX99509 0 TOTAL Operating Transfers 895,506 394,29.8 TOTAL Other Uses 895,506 `394,298 TOTAL Detail Expenditures And Other ekes 2,172,404 9 2,010,642 Page 30 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (FX)WATER Changes in Fund Equity �Cbde Description " y- 2602- ECIpCbde 2003 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity-Beginning of Year 621,554 FX8021 365,902 Restated Fund Equity-Beg of Year 621,554 FX8022 365,902 ADD-REVENUES AND OTHER SOURCES 1,916,752 1,923,930 DEDUCT-EXPENDITURES AND OTHER USES 2,172,404 2,010,642 Fund Equity-End of Year 365,902 FX8029 279,190 Page 31 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (FX)WATER Budget Summary ode;Descri '£irsn, EdpCode� °Origin,"al 2003t� d'#ied 2003 �, Differen��a ���° a�Adp`fe Estimated Revenues And Other Sources Est Rev-Heat Property Taxes FX1049B 401,501 403,645 2,144 492,734 Est Rev-Real Property Tax Items FX1099B 0 0 0 0 Est Rev-.Departmental Income FX1299B 1,313,500 1,410,231 96,731 1,522,000. Est Rev-Intergovernmental Charges FX2399B 2,000 2,000 0 2,000 Est Rev-Use of Money And Property FX2499B 10,000 10,000 0 1,600 T 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 83,901 83,901 0 Est Rev-Interfund Revenues FX2801 B 0 19,572 19,572 0 Est Rev-State Aid FX3099B 0 0 0 0 Est Rev-Federal Aid FX4099B 0 0 0 0 TOTAL Estimated Revenues 1,721,001 1929,349 202,348 2,018 334 Estimated-Interfund Transfer FX5031 B 0 0 0 0 Appropriated Reserve FX511B 0 0_ 0 0 Obligations Authorized FX5308 0 0 0 0 Estimated-Proceeds of Obligations FX57998 2,050,000 2,056,000 0 0 Appropriated Fund Balance FX599B -5,182 119,808 -114,626 33,521 17 O7AL Estimated Other Sources_ . _ _ ,__• _2,044,818 w 10930,192 114,626 33 521 TOTAL Estimated Revenues And Other Sources 3,771,819 3,859,541 97,722 2,01 55 r r ' j J Page 32 OSC Municipality Code 500342300000 1 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (FX)WATER Budget Summary Code.Description EdpGode t7riginal200.3�,�M Nicidlfied 2003,1 Difference ' Adopted 2004 Appropriations And Other Uses App-General Government Support FX1999B 31,496 47,984 -16,488 33,830 App-Home And Community Services FX8999B 3,332,200 3,401,019 -68,819 1,599,400 App-Employee Benefits FX9199B 13,865 16,240 -2,375 19,265 App-Debt Service FX9899B 0 0 0 0 (TOTAL Appropriations 3,377,561 3,465,243 •87,682 1,652,495 Other Budgetary Purposes FX962B 0 0 0 0 App-Interfund Transfer FX9999B 394,298 394,298 0 399,360 TLOTAL-Other Uses' _ 394,298. 394,298 __ 0 399,360 (TOTAL Appropriations And Other Uses y~ J < � � 3,771,859 3,8519 541 �47,682 2,051,8575 r"V r- Page 33 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (G)SEWER Balance Sheet ode Description 2062 ,Ed Code �.,2003. Assets Cash In Time Deposits 3,051,673 G201 747,313 TOTAL Cash 3,051,673 747,313 Sewer Rents Receivable 160,477 G360 211,754 TOTAL Other Receivables(net) 160,477 211,154' Due From Other Funds G391 2,082,452 TOTAL Due From Other Funds 0 2,082,452 Prepaid Expenses 144 G480 140 TOTAL Prepaid Expenses 144 140'' (TOTAL Assets 3,212;294 3;041,659 Page 34 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (G)SEWED Balance Sheet odeMescri aiori 2002 EdpCade 2003`.i, Liabilities And Fund Equity Accounts Payable 3,373 G600 4,864 TOTAL Accounts Payable 3,373 4A Accrued Liabilities 179,102 G601 778,029 TOTAL Accrued Liabilities ' 119,102 779,t129 Due To Other Funds 0 G630 0 TOTAL Due To father Funds 0 _ 0 Due To Other Governments 29,504 G631 0 TOTAL Due To Other Governments 29,504 0 TOTAL Liabilities 211,979 782,883 Unreserved Fund Balance Unappropriated 3,000,315 G911 2,258,766 ffOTAL Unreserved Fund Balance Unappropriated 3,000,315 2,258,766 _ _ DOTAL Fund Equity, 3,006,315 2,258,766 TOTAL Liabilities And Fund Equity 3,212;294 3,041;659 Page 35 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (G)SEWER Resuits of Operation ode Des6( tlQn. r,,3 I„a ", f E,ip, .'20 �Gode a °s f ,:;2003 h t i,,k ,`Ed r Detail Revenues And Other Sources Special Assessments 522,863 G1030 529,179 TOTAL.Real Property Taxes 522,863 529179 Sewer Rents 1,310,132 G2120 1,291,951 Interest&Penalties On Sewer Aects 9,668 G2128 16,765 TOTAL Departmental Income 1,319,800 1,308,716 Misc Revenue,Other Govis 1,684 G2389 1,691 TOTAL Intergovernmental Charges 1,684 1,691 Interest And Earnings 66,828 G2401 42,725 TOTAL Use of Money And Property 66,828 421725 Insurance Recoveries 238 G2680 0 TOTAL Sale of Property And compensation For Loss 238 0 Refunds of Prior Year's Expenditures 51,486 G2701 13,629 TOTAL Miscellaneous Local Sources 51,496 t3 629 TOTAL Revenues 1,9k,899 1,895,940 Interfund Transfers 9,532 G5031 0 TOTAL Interfund Transfers 9,532 0 TOTAL Other Sources �. 9,532 0 TOTAL Detail Revenues And Other Sources 1,972,431 1,895,940 r" Page 36 OSC Municipality,Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (G)SEWER Results of Operation Code Description _ 002 Ed Cotls 003 �'' Detail Expenditures And Other Uses Administration-Contractual 37,230 G17104 41,613 TOTAL Administration-Contractual 37,230 41,613 TOTAL General Government Support _.. 37,230; 41;613 Sewer Administration,Pers Sery 17,6771 G81101 17,582 Sewer Administration,Contr Expend 386 G81104 560 TOTAL Sewer Administration 18,063 18,142 Sanitary Sewers,Pers Sery 28,352 G81201 46,044 Sanitary Sewers,Equip&Cap Outlay 10,000 G81202 12,641 Sanitary Sewers,Contr Expend 399,007 G81204 915,119 TOTAL Sanitary Sewers 43.7,359 973,804 Joint Sewer Project,Contr Expend 0 G81504 1,086,225 TOTAL Joint Sewer Project 0 _ 1,086,2251 TOTAL}tome And Community Services �455,422 '� 2,078171 State Retirement, Empl Bnfts 189 G90108 2,160 Social Security,Empl Bnfts 3,514 090308 4,862 Worker's Compensation,Empl Bnfts 1,079 G90408 4,626 Life Insurance,Ernpl Bnfts 64 G90458 49 Disability Insurance, Empi Bnfts 134 G90558 126 Hospital&Medical(dental)Ins,Empl Bnft 4,650 G90608 4,604 TOTAL Employee Benefits 9,630 16,427 TOTAL Expenditures 502,282 2,136,211 Transfers,Other Funds 522,011 G99019 501,278 Transfers,Capital Projects Fund 769,000 G99509 0 TOTAL Operating Transfers 1,291,011 501278 TOTAL Other Uses 1,291,011 501',278 TOTAL Detail Expenditures And Other Uses 1,793,293 2,637i489 11 Page 37 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (G)SEWER Changes in Fund Equity 'Code Descri tion �2002 ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity-Beginning of Year 2,821,177 G8021 3,000,315 Prior Period Adj-Decrease In Fund Equity 0 G8015 Restated Fund Equity-Beg of Year 2,821,177 G8022 3,000,315 ADD-REVENUES AND OTHER SOURCES 1,972,431 1,895,940 DEDUCT-EXPENDITURES AND OTHER USES 1,793,293 2,637,489 Fund Equity-End of Year 3,000,315 G8029 2,258,766 Page 38 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (G)SEWER Budget Summary ,Code Description Ed Code 'Original 2003 Modified 2003 DifferenceAdopted 2004 Estimated Revenues And Other Sources Est Rev-Real Property Taxes G1049B 526,169 629,179 3,010 468,375 Est Rev-Real Property Tax Items G1099B 0 0 0 0 Est Rev-Departmental Income G1299B 1,345,000 1,353,962 8,962 1,347,000 Est Rev-Intergovernmental Charges G2399B 1,500 1,691 191 1,500 Est Rev-Use of Money And Property G24993 45,000 45,000 0 20,000 Licenses And Permits G2599B 0 0 0 0 Est Rev-Sale of Prop And Camp For Loss G2699B 0 0 0 0 Est Rev-Miscellaneous Local Sources G2799B 0' 13,629 13,629 0 Est Rev-Interfund Revenues G2801 B 0 0 0 0 Est Rev-State Aid G3099B 0 0 0 0 Est Rev-Federal Aid G4099B 0 0 0 0 TOTAL Estimated Revenues 1,917,660 1,943,461 25,792 1.836,875 Estimated-Interfund Transfer G5031 B 0 0 0 0 Appropriated G51 i B 0 0 0 0 Obligations Authorized G530B 0 0 0 0 Estimated-Proceeds of Obligations G57993 0 0 0 0 Appropriated Fund Balance G599B -432,018 469,032 901,050 94,713 TOTA�ated Other Sources _ ., '. __.._.. _ __._ .._ _-432,018 469,632 901,050 04,7131 TOTAL Estimated Revenues And Other Sources 1,465,651 2,412,493 926,842 1,931,588 Page 39 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (G)SEWER Budget Summary ode Description EdpCod'e' Original 2003 iyodifEed 2d03 ,Difference Adopted2004 Appropriations And Other Uses App-General Government Support G1999B 29,658 39,256 -9,598 26,630 App-Home And Community Services G8999B 944,650 1,859,213 -914,563 1,392,200 App-Employee Benefits G9199B 10,065 12,746 -2,681 17,465 App-Debt Service G9899B 0 0 0 0 TOTAL Appropriations 984,373 1,911,215 -926,842 1,436,295 Other Budgetary Purposes G962B 0 0 0 0 App-Interfund Transfer G9999B 501,278 501,278 0 495,293 TOTAL Other uses _ 501,278 501,278 _ 0 495,293 TOTAL Appropriations And Other Uses M 1,485,651 2,412,493 -926,842 11931,588 Page 40 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (H)CAPITAL_PROJECTS Balance Sheet ode Description 2002� � Ei� Code 2003 . i. Assets Cash In Time Deposits 970,375 H2O1 172,440 TOTAL Cash 970,375 172,440 State&Federal Receivables H410 8,840 "TOTAL State And'Federal Aidt Receivables 0 8,840 RTAL Assets 970,375 __ 181,2801 Page 41 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (H)CAPITAL PROJECTS Balance Sheet ade Descri tion 2002 Liabilities And Fund Equity Accounts Payable 210,522 H600 33 TOTAL Accounts Payable 210,522 33 Accrued Liabilities 96,624 H601 1,689 TOTAL Accrued Liabilities 96,624 1t89 Retained Percentages,Cont Pay 27,414 H605 119,418 TOTAL Retained Percentages 27,414 119,418 Due To Other Funds 462,756 H630 2,082,452 LtOTAL Due To Other Funds 462,756 2,082,452 TOTAL Liabilities 797,316 2,203,592 Capital Reserve 0 H878 0 TOTAL Special Reserves 0 0� Unreserved Fund Balance Unappropriated 173,059 H911 -2,022,312 iTOTAL Unreserved Fund Balance-Unappropriated 173,059 2,022312 iTOTAL Fund Equity v� M _ 173,059 2,022;312 TOTAL Liabilities And Fund Equity 97075 18i,280' Page 42 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (H)CAPITAL PROJECTS Results of Operation Code Descr(ption '' "p `Etl Gade 2003 s Detail Revenues And Other Sources Interest And Earnings 11,482 H2401 9,757 TOTAL Use of Money And Property 11,482 9,757 Unclassified(specify) 9,721 H2770 213 TOTAL Miscellaneous Local Sources 9,721, 213 St Aid,Trans Cap Grants(spec) 207,000 H3597 8,840 TOTAL State Aid 207,000 8,840 TOTAL Revenues 228,203 18,810 Interfund Transfers 1,559,904 H5031 5,519 TOTAL Interfund Transfers 1,559,904 5,519 Serial Bonds H5710 1,000,000 Bond Anticipation Notes H5730 400,000 'TOTAL Proceeds af;'Obligations 0 1,400 000 TOTAL Other Sources 1,559,904 1. ,519 TOTAL Detail Revenues And Other Sources 1,788,167 1.424,329 ) Page 43 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (H)CAPITAL PROJECTS Results of Operation ode Desirip#i,bn. Detail Expenditures And Other uses Buildings,Equip&Cap Outlay 1,412,352 H16202 590,929 TOTAL Buildings 1,412,3U 590,929 TOTAL General Government Support_ 1,412,352 5901929 Highway,Capital Projects 124,113 H51972 26,071 TOTAL Highway 124,113 26,071 TOTAL Transportation 124,113 26,071 Parks,Equip&Cap Outlay 1,518 H71102 10,177 TOTAL Parks 1,518 10;177 TOTAL Culture And Recreation 1,518 10177 Sewer,Equip&Cap Outlay 6,287 H81972 544,428 TOTAL Sewer 61287 544428. Water Trans&Distrib, Equip&Cap Outlay 31,203 H83402 2,329,473 TOTAL Water Trans&Distrib 31,203 2,329,473 Water Capital Projects,Equip&Cap Outlay 0 H83972 0 TOTAL Water Capital Projects 0 0 Misc Home&Comm Serv,Equip&Cap Outlay 0 H89892 0 TOTAL Misc Home&Comm Sery 0 0 TOTAL Home And Community Services 37,490 2,873,901 TOTAL Expenditures 1,575,473 3,501,078 Transfers,Other Funds 11,421 H99019 75,851 TOTAL Operating Transfers 11,421 75,851 TOTAL Other lases 11,421 75,851 TOTAL Detail Expenditures And Other Uses 1,586,894 3,576,929 Page 44 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (H)CAPITAL PROJECTS Changes in Fund Equity Code Description ,2002, EdpCode 200q , ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity-Beginning of Year -28,154 H8021 173,059 Prior Period AdJ.-increase In Fund Equity H8012 -42,771 Restated Fund Equity-Beg of Year -28,154 H8022 130,288 ADD-REVENUES AND OTHER SOURCES 1,788,107 1,424,329 DEDUCT-EXPENDITURES AND OTHER USES 1,586,894 3,576,929 Fund Equity-End of Year 173,059 H8029 -2,022,312 Page 45 OSC Municipality Code 500342300000 . .... ......... .........p ------------------------------------ x 0 0 zm 0 cmmmmmmmoo 0 0 --ic 0 > U) m --i --i --I --i V V V 0 0 r- -4 -4 > m v :c 'n M n r z z z c c U3 z a 0 m 0 r- > � 00000000 ---i w M -ng: o > w 0 ca z -0 -n mmmmmmmr- W ca 0 m w 0 ;o 0 m 0 0 0 m m F 0 c r > -0 m R m a) z ;Uxxwwmzow > CA 0) z o w Z -U mzmoco r- m X go Z -n C > --I U) m c m m 0 C g: Z Z M CO) m c mm Z Co m z z 0 z > ;o (-) 0 Z m 0 co Z X (D ou m co > m > m z ZfA0 z 0 z m z m G) 0 tC3 CZ> tl> C3i csi e» a> Cxr C37 C3a p G> N) 0 C) N) 0 c z 69 z 40 to =r cr T 0 CD 0 A 0 CL m 0) co C* OD CD co CD co co 0 co C3 0) Co CO co co 'w W (D U) 0 CD 0 0 m > 40 69 m r- -4 0 m > U) m r z —4 (D o - 0) M > 0 CL (A PO co co 0 col OD 00 > Z M to 0 > m 0 CD Co Ch '71 m > "'I" co (D -2 n' M Z to, W CD (a CL m 00 OD Cli -4 co m -n 0 0 0 . . . . . . . . . . . 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IQ 0 co 0 00 (A w N) co -4 > C) 00 N) m co (0 cn co w 0) w K3 V —4 o > o -n r- --i z m T m m T 0 w T c (1) 0 0 55xocmm > mz > r- < r- mm > --i - -qo mozxow --, --Ioxm > cz * ZXF .-- M > 0 0 --1 o 4 z > Z m m > om --iz > :jm ::E - XOOKMMoX :; Oxb > --1 170 X cr m 90 ;u C) —W o c 0 0 cn--qm C00OXM050zr— oxQw > X 0 > oboxm Oxxm > zo 06r- -ozz > O -n Z -4 C: 0 < Z 0 < 0 90 --q i m x > > Z 0 0 M G) M o z ct) --q -4 > MM r- 1 -0 0 z rm ocf) 0 MMc 0c G) <m0 U"zn) z mX< C cn z m X m cf) c c X c x(n Z z U) z era _0 m 0 0 X ;a z 0 m 0 0 > 0 m 0 c r- 0 Ct) m z M m C X C) 0 0 m Z z CD -0 =r cr 0 00 0 < CA al b 1 4 M 1 1 'A I A 1 1, 1, 1, 1, it iY 1 r I I 1 I 0. 4A 49 0 0 (0 00 '-A '6 'co tip -4 co w -4 (0 s r 00 fA ;o CCra CD 0 CD 0 0 X W N) Cad -4 0) C4 -4 . . . . . . M a a r n r r to CD 0 CD Q) m CD 0 > 06 Cr C) V > 00 A 00 1 1 (A) M M CD > M m 9 z z CD CD V PO 0 " (a a) a (D (0 m m 0 3 0 "n CD C- m -4 m > 40 -U x In 0 -n 'a > 0) c 0 m -4 0) CD a 0 P -4 -, q Crm P p �p p -& 0 m w -4 41, C) -4 (D -A m C) N) cn 0) M CO 0 tn tn Cn -4 -P- CO W a W W 00 — a — N.) 00 W Cr > -4 M r r to r r 0 C> (o N r r C) co (0 m r CE7 Cr r w Cr 00 C c M 49 m ch X CD CD 0 C -4 4 cl U) r1a D -4 C 0) -4 (D D w (D -4 Cii C"-4 I0) NJ o k (D 0 44 C> -4 w 0) CL 64 6% 49 CD :3 PO m C) CW) s IM.", CCO) coo 6H SEA (A 0 CA cn m -4 CO W -4 4r% co �4 �4 W Cr a -4 -0. W 0 Wj Cr OD tQ (JI --J 0 0 Cn 0 -4 W 0 -4 14 -P, W W 0 0 a W — L" -4 Co �C7 W — N) (P C� r W 0 W -4 Cl M -4 W 0 -4 0 C) W PJ CO 000 (D C1 (0 CO 0 --4 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (K)NON-CURRENT GOV ASSETS Balance Sheet Ode'�e$ori tton is . t' l,'� a4 �� y 4. a0a2 Assets Land .133,368 K101 210,868 Buildings 2,399,748 K102 3,955,847 Improvements Other Than Buildings 1,560,948 K103 2,446,989 Machinery&Equipment 2,850;258 K104 3,282,006 Construction Work In Progress 1,521,850 K105 2,143,275 TOTAL FixedAssets;(net) 8,468,172 OTALAssets 8,466i,172 , 12;038;985; r ram. r y. Page 46 OSC [Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (K)NON-CURRENT GOV ASSETS Balance Sheet IC.Ode bescrfption' Liabilities And Fund Equity Total Non-Current Govt Assets 8,466,172 K159 12,038,985 TOTAL.Investments in Non-Current Government Assets 8,4660172 12,o38 9 TOE TAt,Fund Equity mM y 8,488,172 12,0 L,_81,9851 TOTAL Liabilities AndiFund Equity 8,466,172�•���-�� i2,038,985 L • r r� r' Page 47 OSC Municipality Code 500342300000 i9 to c� c' z w co 0 h Cf3 to i.7. Q O'CL0. W = All w Q C) rRI v .+. _ in LU U) CD co tom: " 1 N T 1 1 t `,�.'. . CA N : ) CD tom•- - QCS a! OD M M ' in N 77 y C a t, M 6i O tj. r C6 N CV ¢} : Z 1, Oil • CL N o y N U) �r c to O _ F C3, LSD• O r;"',:; CV t+ fD CD t!i W. .zQ 4 d N ,Q M z V CI d 7 M CI ...t° T cm ul - co(C)°� � , > ul T co �7 LL 16. vIMI F . o e> MO .Z i ,' CCV CCD C 1 cs N N lC) O ,� ,+N T N tt �' ti N 7 co s- N - V O D O.. co co Qi t• Co CD- CV y z N C� "Q'. D N ID OILr CD 'tT�'! ",•;,a fti c'i, cND. t17 Q f , . CV ip F Ill -r .. Q a M" — C(D coc CD (DD C(D - - • N } z O " Q Z C) pa. CL a z CL N w a : o z ui w ui w. W z v a LU 0 A ? (Y M to W a- J 0 z ' � t O Q a mQU) a -jw am = zF if TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 r ` (SF)FIRE PROTECTION Balance Sheet ode'Descn Uon, Assets Cash In Time Deposits 208,410 SF201 487,479 TOTAL Cash 208,410 487,479 ITOTAL Assets �208,410 - 487,479 r F� r - r tr, r - Page 48 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (SF)FIRE PROTECTION Balance Sheet ode Description, �,`. �2002771EdpGotle .'u�2003 .� " Liabilities And Fund Equity • Accounts Payable 0 SF600 236,590 TOTAL Accounts_Payable 0 236590 Accrued Liabilities 1,401 SF601 317 EOTAL Accrued Liabilities 1,401 31 IOTA Liabilities LiL L abilities 1,401 � _ � 236,90 Unreserved Fund Balance Unappropriated 207,009 SF911 250,572 TOI TAL Unreserved Fund Balance-Unappropriated � 207,009 250,5-, TOTAL Fund JEquity 207,009 �+_. 250572 TOTAL Liabilities And Fund Equity 208,410 N M4$7,479 t 4 � r Page 49 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (SF)FIRE PROTECTION Results of Operation ode Desnri,tion 7 � ., 2002 m >=dCocle `2t703 Detail Revenues And Other Sources Real Property Taxes 2,022,009 SF1001 2,035,431 TOTAL Real Pro arty'p Taxes _ _ 23:022,009 2,035,431 Other Payments In Lieu of Taxes 7,281 SF1081 7,691 TOTAE_Real Property Tax Items 7,281 7,691. Sales Tax(from County) 0 SF1120 0 TOTAL.Non Property Tax Items 0 0 Other Public Safety Departmental Income 14,777 SF1589 16,825 TOTAL.Departmental Income 14,777 16,825 Interest And Earnings 16,383 SF2401 18,761 TOTAL Use of Money And Property 16,363 18;781 St Aid,Other Aid(specify) 0 SF3089 TOTAL State Aid 0. TOTAL Revenues 2,660,456 2,078,708 'OTAL Detail Revenues And Other Sources 2,060,450 2,078,708 S Page 50 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (SF)FIRE PROTECTION Results of Operation od6 Descripti6h", � 2002 `.EdpC.ode 2003 " .' Retail Expenditures And Other Uses Fire Protection,Contr Expend 2,004,639 SF34104 2,035,145 TOTAL Fire Protection 2,004,639 2,035;145 DOTAL Public,,Safety 2,004,639 2,035,145: ' TOTAL Expenditures 2;004,639 2,035,145 t'} TOTAL Detail Expenditures And Other Uses 2,004,639 2,035,145 t r Page 51 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (SF)FIRE PROTECTION Changes in Fund Equity Gode,Desori tiara `... 2002 t;elp,Code 2003 "- �.P ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity-Beginning of Year 151,198 SF8021 207,009 Restated Fund Equity-Beg of Year 151,198 SF8022 207,009 ADD-REVENUES AND OTHER SOURCES 2,060,450 2,078,708 DEDUCT-EXPENDITURES AND OTHER USES 2,004,639 2,035,145 Fund Equity-End of Year 207,009 SF8029 250,572 Page 52 OSC Municipality Cade 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (SL)LIGHTING Balance Sheet Code Description `` '20i73.� Assets Cash In Time Deposits 7,463 SL201 8,681 TOTAL Cash 7,463 8,6e1 TOTAL Assets 7A63 .8,681 r' r , r- r- r" t t� Page 53 OSC Municipality Code 500342300000 TOWN OF Ithaca - Annual Update Document For the Fiscal Year Ending 2003 (SL)LIGHTING Balance Sheet ode Descrip" on .. '�.., f'.f� 1,..._2- 200� :<Bd r✓ode"� �2003`r'� _ Liabilities And Fund Equity Accounts Payable 137 SL600 0 TOTAL Accounts Payablew 137 0 TOTAL Liabilities 137 0 Unreserved Fund Balance Appropriated 7,326 SL910 8,681 DOTAL unreserved Fund Balance-Appropriated 7;326 8,681 DOTAL Fund Equity 7,326 8,681 TOTAL Liabilities And Fund Equity 7,463 8,681 r. r r r` Page 54 OSC Municipality Code 500342300000 r-, TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (SL)LIGHTING Results of Operation odes DescFl�tion . .. - 2402 Ed"'Code 2Q03 Detail Revenues And Other Sources Real Property Taxes 9,450 SL1001 13,390 TOTA�perty Taxes 9,450 13,390 Interest And Earnings 241 SL2401 120 TOTAL Use of Money And Property 241 120 Refunds of Prior Year's Expenditures S12701 136 TOTAL Mi§cellaneous Local Sources. 0 136 TOTAL Revenues 9,691 13;646 TOTAL Detail Revenues And Other Sources 9,691 13,646 r Page 55 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 r, (SL)LIGHTING Results of Operation ,,lCode Description 200 , _ . ` Detail Expenditures And Other Uses Street Lighting,Contr Expend 12,329 SL51824 12,291 TOTAL Street Lighting 12,329 12,291 TOTAL Transportation 12,329 _ 12,291 TOTAL Expenditures 12,329 12,291 TOTAL Detail Expenditures And Other Uses 12,329 12,291 r r~ r� Page 56 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (SL)LIGHTING Changes in Fund Equity Y ode.Descri_ian - ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity-Beginning of Year 9,964 SL8021 7,326 Restated Fund Equity-Beg of Year 9,964 SL8022 7,326 ADD-REVENUES AND OTHER SOURCES 9,691 13,646 DEDUCT-EXPENDITURES AND OTHER USES 12,329 12,291 Fund Equity-End of Year 7,326 SL8029 8,681 r-. r - r^. r^, r' Page 57 OSC Municipality Code 500342300000 r r r r r, r �, r r", (,-- r - IFf......... C X > > 0 0 z m 0 0 0 0 0 0 A U)--I > --1 00 -4 r- r- X r- C: c > r- r 0 0 In ;u < r m z > 00 z -0 -n 0 ;o 0 CD m m o x x 0 r- M Z z c F T3 >� ct) co R ;a z > M 4 ffi r- > >n go w r- W > 0 0 (n :j co In r m 0 go Z -n C M r- m X m m ch m m W z -4 m Z Co U) 0 C: z m ;u > z > > m r- 0 ou Z co m z 0 z m 0 m 0 0 N) 00 C) 0 r- 7 "g"An 4q 64 -n w qg/q Alf CD (n All/ w W CA) 3 C M D CI, 40 �Gq G) CD 0�4 or r CD 0) 0) CD 4Q/g"' Ao AArir CD 4 0 M CD/M 0 co (D m z co AD '11� M "M ir, it a) 4A fA 0 m 0 IN a m > ra 0 0) -4 0 0 0 0 3: Cb 0) 0) PQ m 0) b co 49 all r- m z IN A� tlz 00 / OD OD 4MY OD CD G) Aff, (D o 01 0 4L <0 (0 (D CD 40 401 'Go LD. =r co QO w w (0 14? < CD 40 4A CD co co co co co co CL 0) 0) 0) a) 0) a 4m (D "ol 40 69 64 0M, 0 OL CL CL (m ro '(p (.0 ------------------------------ All 69 o 9 /Ax/ r 0 90 0) C" co co w co 0 0 0 m o m -1 0 Q Py 0 m0 r- 0 Z m m m MCO z U m G" q p m o m m (P1 40 gg r, tp hJ � J tea r 4 cn CD 00 u� ' 1. -4Cn CO 4 CJY C] CD CD pr %'; 31 a �a J -4 01 0 I 0 m A O ' M M - ! -•i h fr3 h;1 N 0 o + . 0 (A 9 z � z 'n ICA -# 0 < w 0 X 171 .a CL m -i CA d0 i iyz G� ' CD —q m 0 V Cs Cif) CSi V cn Cp I co OD c CD <. Ca3 3 i CJ9 CD �9 4f3 EF) fi4 r r, 0 m CD !V- N CJ CJ CL < CD Cal r CL j` C7 s� CL i1 D. .a r 0 OD co PO — "mod r i,x rQ TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (TA)AGENCY r— Balance Sheet OC�6'C}eSCCI t10t1 { A 0,11 E G' 2�2 qPal �Ar �� ;, =fly'.. W � ,Eti'Code� +2a03 -~ Assets Cash _ 207,631 TA200 170,830 TOTAL Cash 207,631 170,830 TOTAL Assets 207,631 170,830 "w J Page 58 OSC Municipality Code 500342300000 r'y TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (TA)AGENCY Balance Sheet jc adeDescritlon`,.' 2002 ° R� "'EdpCotie'i" f �" ;a�2003s`. Liabilities And Fund Equity Due To Other Funds 0 TA630 0 TOTAL Due To Other Funds 0 0 Consolidated Payroll 84,640 TA10 87,599. Deferred Compensation 3,725 TA17 4;066 State Retirement 2,238 TAi 8 2,359 Disability Insurance 591 TA19 739 Group Insurance 2,940 TA20 2,454 Nys Income Tax 5,468 TA21 5,633 Federal Income Tax 15,192 TA22 14,405 Income Executions 425 TA23 813 Assoc&Union Dues 229 TA24 240 Social Security Tax 18,577 TA26 19,138 Guaranty&Bid Deposits 150 TA30 0 Bail Deposits 14,411 TA35 0 Other Funds(specify) 58,985 TA85 33,384 TOTAL Agency Liabilities 201,631 t7b;830 T TAL Liabilities 201,631 170,830 TOTAL Liabilities And,Fund Equity 207,631 17Q83Q Page 59 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 M DEBT SERVICE Balance Sheet IC ode"Desctlptiryn ^` t# ��2002 ��� " .�;Ed:..Cotl@ „ty 2{]0��! 'y' Assets Cash In Time Deposits 5,527 V201 5,740 r = TOTAL Cash: 5,527 5,746 TOTAL.Assets 5,527 5,740 Page 60 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document Forth e Fiscal Year Ending 2003 M DEBT SERVICE Balance Sheet ,CadeDesariptfon � 2002 Liabilities And Fund Equity Fund Balance-Reserved For Bonded Debt 2,201 V884 0 TOTAL Special Reserves 2,201 _01 Unreserved Fund Balance Appropriated 3,326 V910 5,740 T07AL Unreserved fund Balance-Appropriated 3,326 5,74 E9TAL Fund Equity 5,527 5,7�40� TOTAL Liabilities Andfund Equity -� 5,527 6,740 Page 61 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (V)DEBT SERVICE Results of Operation odeDescriptlon ,, . 2002 2 Detail Revenues And Other Sources Interest And Earnings 1,822 V2401 2,442 TOTAL use of Money And Property 1,822 2,442 TOTAL Revenues 1,822 _ 2,442 Interfund Transfers 800,399 V5031 789,772 TOTAL Interfund Transfers 800,399 760,772 TOTAL Other Sources 800,399' 789,-72 ;TOTAL Detail Revenues And Other Sources, 802,221 792,214 Page 62 OSC Municipality Code 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 (V)DEBT SERVICE Results of Operation „ ode 2oo3i Detail Expenditures And Other uses Fiscal Agents Fees,Contr Expend 2,239 V13804 2,229 TOTAL Fiscal Agents Fees 2;239 2,229 TOTAL General Government Support 2,239 21229 Debt Principal,Serial Bonds 520,000 V97106 545,000 TOTAL Debt.Principal 520,000 545,000 Debt Interest,Serial Bonds 280,399 V97107 244,772 TOTAL Debt Interest 280,399 244,772 TOTAL Expenditures 802,638 792,001 TOTAL Detail Expenditures And Other Uses 802,638 782,001 Page 63 OSC Municipality Code 500342300000 r TOWN OF Ithaca - Annual Update Document For the Fiscal Year Ending 2003 (V)DEBT SERVICE Changes in Fund Equity �o fe Descdptlon, e „ 2002 Ed Code 2003 a1;, ,'. ANALYSIS OF CHANGES IN FUND EQUITY Fund Equity-Beginning of Year 5,944 V8021 5,527 Restated Fund Equity-Beg of Year 5,944 V8022 5,527 ADD-REVENUES AND OTHER SOURCES 802,221 792,214 DEDUCT-EXPENDITURES AND OTHER USES 802,638 792,001 Fund Equity-End of Year 5,527 V8029 5,740 Page 64 OSC Municipality Code 500342300000 :^r rti TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 y�l (M NON-CURRENT`GOV LIABILITY Balance Sheet 11coo'Description i 20(}2� .Ed`Coi�e �2003 - Assets Total Non-Current Govt Liabilities 3,835,566 W129 4,685,601 TOTAL Provision.To Be Made In Future Budgets 3,835,868 4,665;601 -. TOTAL Assets _ 3,835,568 4,685,601. Page 65 OSC Municipality Cade 500342300000 TOWN OF Ithaca Annual Update Document For the Fiscal Year Ending 2003 1 (M NON-CURRENT GOV LIABILITY Balance Sheet �ode 2002�02 a�E pCo e Liabilities And Fund Equity Compensated Absences 90,568 W687 85,601 TOTAL Other Liabilities 90,568 85,601 Bonds Payable 3,745,000 W628 4,600,000 TOTAL Bond And Long Term Liabilities "' 3,745,000 4,600,o00 LOTAL Liabilities _ 3,835,568 4,685;801 ITOTAL Liabilities And Fund Equity 3,835,568 4,fi85,601� Page 66 OSC Municipality Code 500342300000 TOWN OF Ithaca Financial Comments For the Fiscal Year Ending 2003 1) CAPITAL PROJECTS 1%djustment Reason Account Code H8012 This adjustment represents overstated expenditures in 2002.This overstatement was directly attributed to an error found in the accounting software after closing the operating year ending 12/31/2002. The software Page 67 OSC Municipality Code 50034. TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2003 4ater and Other Purposes Exempt From Constitutional Debt Limit ,—ond Anticipation Note No.2003000002 EDPCODE Amoun� lonth and Year of Issue 1/8/200"; ur oseof Issue Bldg Exeansio �urrent Interest Rate 1.9500 �lutstanding Beginning of Year 2PI 8661 ;sued During the Fiscal Year _(do not include renewals here) 2P1 8663 400,00C aid During the Fiscal Year _(do not include renewals here) 2P1 8665 C "outstanding End of the Fiscal Year 2P1 8667 400,00 inal Maturity Date 1/8/200 Dtal Bond Anticipation Note Amoun lutstanding Beginning of Year ,.-,sued During Fiscal Year 400,000 aid During Fiscal Year la-lutstanding End of Year 400,00( Bond Anticipation Notes Redeemed From Bond Proceeds During Fiscal Year 12P18885 1 10. Page 68 OSC Municipality Code 500342300000 TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 2003 Later and Other Purposes Exempt From Constitutional Debt Limit ond No.2003000001 EDPCODE Amoun Month and Year of Issue 12/29/200': urpose of Issue iblic imp (Serial) Bonc _Iyurrent Interest Rate 3.9500 utstanding Beginning of Year 2PI 8671 ;sued During the Fiscal Year (do not include renewals here) 2P1 8673 1,000,00( V aid During the Fiscal Year (do not include renewals here) 2P1 8675 "utstanding End of the Fiscal Year 2P18677 1,000,00 ,. inal Maturity Date 12/29/201-1 .-,Dnd No. 2000000002 EDPCODE Amoun --�onth and Year of Issue 5/15/198-) urpose of Issue Public Improvemen, urrent Interest Rate .068( utstanding Beginning of Year 2P1 8671 600,000 .sued During the Fiscal Year (do not include renewals here) 2P1 8673 C aid During the Fiscal Year _(do not include renewals here) 2P18675 150,00( utstanding End of the Fiscal Year 2P18677 450,000 Inal Maturity Date 5/1/200E viand No. 2000000003 EDPCODE Amoun, oath and Year of Issue 9/1/198E ,ureose of Issue Public Improvemenl --urrent Interest Rate .0730 utstanding Beginning of Year 2P1 8671 890,000 sued During the Fiscal Year (do not include renewals here) 2P18673 C aid During the Fiscal Year (do not include renewals here) 2P1 8675 140,000 .�utstanding End of the Fiscal Year 2P18677 750,000 —inal Maturity Date 3/1/200E and No. 2000000004 EDPCODE Amount '..onth and Year of Issue 7/15/1991 urpose of Issue Public Improvement urrent Interest Rate .06625 utstanding Beginninq of Year 2P1 8671 2,250,00C .-,�sued During the Fiscal Year (do not include renewals here) 2P1 8673 C aid During,the Fiscal Year (do not include renewals here) 2P1 8675 250,000 .—utstanding_End of the Fiscal Year 2P18677 2,000,00C inal Maturity Date 7115/2011 Page 69 OSC Municipality Code 500342300000 TOWN OF Ithaca Statement of Indebtedness For the Fiscal Year Ending 200.3 .,later and Other Purposes Exempt From Constitutional Debt Limit J.'ond No.2000000001 EDPCODE Amoun lonth and Year of Issue 3/1/197 ureose of Issue Sewer Improvementl --urrent Interest Rate .0600 utstanding Beginning of Year 2PI8671 5,00C ;sued During the Fiscal Year (do not include renewals here) 2P1 8673 C aid During the Fiscal Year (do not include renewals here) 2P1 8675 .5,00( 'utstanding End of the Fiscal Year 2P1 8677 final Maturity Date 3/1/2=� Dtal Bond Amoun )"utstanding Beginning of Year 3,745,00( ,.-sued During Fiscal Year 11000,00C aid During Fiscal Year 545,00C —,utstandinq End of Year 4,200,00q otal of All Indebtedness 111cludes Total of Bonds and Notes-Exempt and Not Exempt otal Bond Amoun lutstanding Beginning of Year 3,745,00( sued During Fiscal Year 1,400,000 maid During Fiscal Year 545,00( utstanding End of Year 4,600,00q Page 70 OSC Municipality Code 500342300000 TOWN OF Ithaca Maturity Schedule For the Fiscal Year Ending 2003 Page 71 TOWN OF Ithaca Schedule of Securities for Collateralization For the Fiscal Year Ending 2003 general Municipal Law, Section 10 as amended by chapter 708 Laws of 1992 lists the types of securities which .nay be pledged for collateralization. Please click in the response box next to the type(s) of securities used by p)anks as collateral for your deposits. % 1. Obligations issued by the United States of America, an agency thereof or a United States sponsored corporation or obligations fully insured or guaranteed as to the payment of principal and interest by the United States of America, an agency thereof or a United States government sponsored corporation. 2. Obligations issued or fully guaranteed by the International Bank for Reconstruction and Development, the Inter-American Development Bank,the Asian Development Bank and the African Development 3. Obligations partially insured or fully guaranteed by any agency of the United States of America, at a proportion of the market value of the obligation that represents the amount of the insurance or (es 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. -'(es 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 72 OSC Municipality Code 500342300000 TOWN OF Ithaca Schedule of Time Deposits and Investments For the Fiscal Year Ending 2003 EDP Code Amount CASH: On Hand 9Z2001 $4,394,882.00 Demand Deposits 9Z2011 Time Deposits 9Z2021 Total $4,394,882.00 COLLATERAL: FDIC Insurance 9Z2014 $100,000.00 Collateralized with securities held in possession of municipality or its agent 9Z2014A $7,279,077.00 Total $7,379,077.00 INVESTMENTS: - Securities(450) Book Value(cost) 9Z4501 $0.00 Market Value at Balance Sheet Date 9Z4502 $0.00 Collateralized with securities held in 9Z4504A $0.00 possession of municipality or its agent -Repurchase Agreements (451) Book Value (cost) 9Z4511 $0.00 Market Value at Balance Sheet Date 9Z4512 $0.00 Collateralized with securities held in 9Z4514A $0.00 possession of municipality or its agent Page 73 OSC Municipality Code 500342300000 TOWN OF Ithaca Investment Certification For the Fiscal Year Ending 2003 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 Yes *Obligations of the U.S. Government Agencies, guaranteed by Yes the UNITED STATES Government *Obligations of the STATE of NEW YORK Yes *Obligations of other NEW YORK STATE Local Governments Yes * Other 3) Do you engage in reverse repurchase agreements? No 4) Are Repurchase Agreements authorized by your investment Yes policy? Name: Alfred F. Carvill Title: Ithaca Town Budget Officer Phone Number: (607) 273-1721 Page 74 DSC Municipality Code 500342300000 TOWN OF Ithaca Bank Reconciliation For the Fiscal Year Ending 2003 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 $1,907,009 $0 $0 $1,907,009 ?9-201-002604 $24,309 $0 $0 $24,309 30-201-002604 $209,297 $0 $0 $209,297 .!0-201-002604 $218,677 $0 $0 $218,677 16-201-002604 $16,372 $0 $0 $16,372 ?1-201-002604 $190,596 $0 $0 $190,596 ,?2-201-002604 $7,802 $0 $0 $7,802 ?3-201-002604 $152,608 $0 $0 $152,608 ,!4-201-002604 $747,313 $0 $0 $747,313 11-201-002604 $74,928 $0 $0 $74,928 ?6-201-002604 $487,479 $0 $0 $487,479 ?7-201-002604 $8,682 $0 $0 $8,682 15-201-002604 $5,740 $0 $0 $5,740 37-201-002604 $60,042 $0 $0 $60,042 14-201-002604 $17,284 $0 $0 $17,284 13-201-002604 $34,902 $0 $0 $34,902 ll-201-002604 $60,211 $0 $0 $60,211 .)5-201-002604 $166,989 $32,518 $58,802 $140,705 )3-201-002604 $10,131 $0 $0 $10,131 )6-201-002604 $4,299 $0 $0 $4,299 )9-201-002604 $11,310 $0 $0 $11,310 10-201-002604 $4,386 $0 $0 $4,386 )1-101-148038 $1,094,355 $0 $1,094,355 $0 Total Adjusted Bank Balance $4,394,082 Petty Cash $800.00 Adjustments $.00 Total Cash 9ZCASH $4,394,882 Total Cash Balance All Funds 9ZCASHB $4,394,882 Must be equal Page 75 OSC Municipality Code 500342300000 TOWN OF Ithaca Local Government Questionnaire For the Fiscal Year Ending 2003 Response 1) Does your municipality have a written procurement policy? Yes Have the financial statements for your municipality been independently audited? Yes If not, are you planning on having an audit conducted? Does your local government participate in an insurance pool with other local No governments? t) Does your local government participate in an investment pool with other local No governments? i) Does your municipality have a Length of Service Award Program (LOSAP) No for volunteer firefighters? 5) Does your municipality have a Capital Plan? Yes Has your municipality prepared and documented a risk assessment plan? Yes If yes, has your municipality used the results to design the system of internal Yes controls? 3) Have you had a change in chief executive or chief fiscal officer during the last No year? -1) 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 @town.ithaca.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 Ip Catherine Valentino hereby certify that I any 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/; 1/200 is TRUE and correct to the beat 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 w 4h, 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/ 1/2 Cf and filed by means of electronic data transmission. o Alfred F Carvill Catherine Valentino Dame of Report Preparer if different lame than Chief Fiscal Officer (607) -17 1 Ithaca Town Supervisor Telephone Dumber Title 215 North Tioga Street, Ithaca, NY 1 Official Address Date of Certification Official Telephone Number Page 77 Municipality Code 500342300000 TOWN OF Ithaca Supplemental Section Comments For the Fiscal Year Ending 2003 Page 78 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMIBER 31, 2003 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 (GAA-P) as applied to government units. The Governmental Accounting Standards Board (GASB) is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The more significant of the government's accounting policies are described below. A. Financial Reporting Entity The Town of Ithaca was created in 1821. The Town is governed by general municipal laws of the State of New York, Town Law and various local laws. The Town Board is the legislative body responsible for the overall operation; the Town Supervisor serves as Chief Executive Officer and Chief Fiscal Officer. The Town provides the following municipal services: fire protection, transportation (streets and highways),recreation, planning and zoning, general administration, public improvements, water and sewer. Street lighting in nine separate "lighting districts" is provided within the Town. Each district is funded by way of a tax on the real property situated within each district. The Town provides for , intersection street lighting from the General Fund appropriations. The Town Board via the Ithaca Fire Protection District provides fire protection for the northeast area of the Town outside the Village of Cayuga Heights. This district is funded by means of a tax on the real property situated within the district. Services for fire protection are contracted out through the City of Ithaca's paid fire department and the volunteer fire department of the Village of Cayuga Heights. All governmental activities and functions performed for the Town of Ithaca are its direct responsibility. No other governmental organizations have been included or excluded from the reporting entity. The financial reporting entity consists of the following, as defined by Governmental Accounting Standards Board (GASB)Statement#14, "The Financial Reporting Entity:" 1. The primary government is the Town of Ithaca. 2. Organizations for which the primary government is financially accountable, and; 3. Other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's general purpose financial statements to be misleading or incomplete. The decision to include a potential component unit in the reporting entity is based on the criteria set forth in GASB Statement#14, including legal standing, fiscal dependency, and financial accountability. PAGE 1 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMMER 31, 2003 Excluded from the Reporting Entity 'Southern Cayuga Lake Intermunicipal Water Commission (SCLIWQ is a joint venture involving the Towns of Ithaca, Dryden, Lansing, and the Villages of Cayuga Heights and Lansing. The joint venture operates under terms of an original agreement dated March 1, 1977 and has been amended several times, the last of, which is dated January 1, 1992. SCLIWC's executive body consists of ten members, two members being appointed by each municipality. The Treasurer of SCLIWC is the Town of Ithaca's Supervisor. The Town of Ithaca owns a majority (51.869%) of the Commission and must adopt its budget and any subsequent amendments, The Southern Cayuga Lake Intermunicipal Water Commission is considered a Joint Venture with the Town of Ithaca. Although the following organization, function or activity is related to the Town of Ithaca, it is not included in the Town of Ithaca reporting entity. See Note 3 for additional disclosures regarding the joint venture. Ithaca Area Wastewater Treatment Plant, with the Town of Dryden and City of Ithaca. B. Basis of Presentation- Fund Accounting The accounts of the Town are organized on the basis of funds or account groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for within a separate set of self-balancing accounts that comprise its assets, liabilities, fund balance, revenues and expenditures which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions and limitations. The various funds are summarized by type in the financial statements. (Certain funds of the Town are utilized to account for resources derived from, and/or expenditures applicable to an area less than the entire Town.) The following fund types and account groups are used: 1. Fund Categories a. Governmental Fund Types - are those through which most governmental functions are financed. The acquisition, use and balances of expendable financial resources and the related liabilities are accounted for through Governmental Funds. The measurement focus of the Governmental Funds is based upon determination of financial position and changes in financial position. The following are the Town's Governmental Fund Types: - General Fund Townwide: Accounts for revenues (i.e., general tax and other from state, federal, and local sources) and expenditures which are not required by the law or other provisions to be accounted for in other funds and which finance the basic governmental functions provided by the Town at Large. PAGE 2 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMIBER 31, 2003 - 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 payingagents 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 31,2003 - 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 -Tenn 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 C� 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 DECEMIBER 31,2003 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 I-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 I 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 DECEMIBER 31,2003 The tentative budget includes proposed expenditures and the proposed means of financing for all funds. b. After public hearings are conducted to obtain taxpayer comments, no later than November 20, the Town Board adopts the budget. The 2004 Town Budget was adopted November 5, 2003 under Board Resolution No. 2003-17. c. The Town Board must approve all budget amendments and modifications. However, the Town Supervisor and Town Budget Officer are authorized to transfer certain budgeted amounts within departments and between revenues and appropriated expenditures when deemed needed and necessary and when closing the year-end budgetary and accounting records. d. Appropriations lapse at year-end. 2. Encumbrances Encumbrance accounting, under which purchase orders, contracts and other commitments for the expenditure of monies are recorded for budgetary control purposes to reserve that portion of the applicable appropriations, is employed in all funds. Encumbrances are reported as reservations of fund balances since they do not constitute expenditures or liabilities. Expenditures for such commitments are recorded in the period in which the liability(e.g. unperformed(executory)contracts for goods or services)is incurred. 3. Budget Basis of Accounting Budgets are adopted annually on a basis consistent with Generally Accepted Accounting Principles. Appropriations authorized for the current year are increased by the amount of encumbrances carried forward from the prior year. Encumbrances are not considered a disbursement in the financial plan or an expenditure in the, GAAP based general purpose financial statements, but reserve a portion of the applicable appropriation, thereby ensuring that the current years budgeted appropriations are not exceeded. F. Property,Plant and Equipment- General Fixed assets purchased for general governmental purposes are recorded as expenditures in the Governmental Funds and are capitalized at cost in the General Fixed Assets Account Group. Contributed fixed assets are recorded at fair market value at the date received. Fixed assets consisting of certain infrastructure type improvements other than buildings, including I'm 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 DECEM13ER 31, 2003 G. Receivables Receivables are stated (accrued) at the gross amount due to and to be collected by the Town. Amounts due from state and federal governments represents amounts owed to the Town. Receivables represent reimbursements for expenditures incurred pursuant to state and federally funded programs. Other receivables represent amounts owed to the Town including water and sewer charges, interest, and nominal charges for government services. H. Investments Investments are stated at cost, which approximates market. I. Unemployment Insurance Since January 1, 1978, Town employees are and continue to be covered by unemployment insurance. The Town has elected to discharge its liability to the New York State Unemployment Insurance Fund by means of the Benefit Reimbursement Method. This is a dollar-for-dollar reimbursement to the Unemployment Insurance Fund for benefits paid to former employees and charged to the Town's account. The Town is exempt from federal unemployment insurance tax. J. Compensated Absences' Employees accrue (earn) vacation leave based on the number of years employed up to a maximum of 20 days a year. Upon separation from service,employees are paid for unused vacation time. Employees accrue (cam) 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 decreased by$4,968 during the year to $85,601 and is reported in the GLTDAG (W)Fund. K. Post Employment Benefits In addition to providing pension benefits, the Town of Ithaca provides health insurance coverage for retired employees. Substantially all of the Town's employees may become eligible for these benefits if they reach normal retirement age while working for the Town. Health care benefits are provided through an insurance company whose premiums are based on the benefits paid during the year. The Town recognizes the cost of providing benefits by recording its share of insurance premiums as an expenditure in the year paid. PAGE 7 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31,2003 HEALTH INSURANCE CARRIER EXCELLUS Blue Cross/Blue Shield L. Deferred Compensation The Town offers their employees a Deferred Compensation Plan (the Plan) created in accordance with Internal Revenue Code Section 457. The Plan is available to all eligible participants, permits participants to defer a portion of their salary until future years. Amounts deferred under the Plan are not available to employees until termination,retirement, death or unforeseeable emergency. Effective, January 1, 1998, and to date all amounts of compensation deferred under the Plan, all property and rights purchased with the amounts, and all income attributable to these amounts are the sole the property and rights of the employee. As required, the Town Supervisor is the Chairman and Trustee of the Town's Deferred Compensation Committee. DEFFERRED COMPENSATION PLAN PEBSCO ' Division-of Nationwide Retirement Solutions a Nationwide Financial Company Note 2 Detail Notes on All Funds and Account Groups A. Assets 1. Cash and Investments State statutes govern the Town of Ithaca's investment policy. In addition, the Town of Ithaca has its own written investment policy. Town of 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. 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. PAGE 8 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEM[BER 31,2003 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 cash bank balances at December 31, 2003 totaled$4,394,882. These deposits were fully collateralized by securities with a fair market value at December 31, 2003 of$7,279,077 or 166%. 2. Changes in Fixed Assets A summary of changes in general fixed assets as follows: DESCRIPTION BALANCE ADDITIONS DELETIONS BALANCE 111103 12/31/03 Land $ 133,368 $ 6,500 $ 0 $ 139,868 Easements 0 71,000 71,000 Buildings 3,812,100 143,747 0 8,955,847 Improvements 0 Other Than Bldg. 273,059 0 0 273,059 Furniture and Furnishings 172,569 2,484 0 175,053 Network/Computer 110,836 0 0 110,836 Machinery& 2,850,259 277,749 131,891 2,996,117 Equip Infrastructures 1,004,484 1,169,446 0 2,173,930 Const in Progress 109,497 2,137,391 103,613 2,143,275 Total $ 8,466,172 $ 3,808,317 $ 235,504 $ 12,038,985 PAGE 9 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMIBER 31, 2003 3. Other Receivables The Town had the following receivables at December 31, 2003: Fund Description Amount Special Revenue: Water Rents & Special Assessments $ 140,569 Sewer Rents &Special Assessments 177,785 Total Special Revenue 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, 2003 The Town of Ithaca is required to contribute at an actuarially determined rate. The required contributions for the current year and three preceding years were: ERS 2003 $ 318,221 2002 $ 26,412 2001 $ 34,903 2000 $ 9,692 Town contributions made to the Systems were equal to 100% of the contributions required each year. Since 1989, the Systems' billings have been based on Chapter 62 of the Laws of 1989 of the State of New York. This legislation requires participating employers to make payments on a current basis, while amortizing existing unpaid amounts relating to the Systems' fiscal years ended March 31, 1988 and 1989 (which otherwise were to have been paid on June 30, 1989 and 1990, respectively) over a 17 year period, with an 8.75% interest factor added. Local governments were given the option to prepay this liability. The Town's total unpaid liability at the end of 2003 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 five years beyond the original date of issue unless a portion is redeemed within five years and within each 12 month period thereafter. For short-term financing the Town of Ithaca redeems (pays down) one fifth (115) of the original BAN borrowing. State law requires that BANs issued for capital purposes be converted to long-term obligations within five years after the original issue date. However, BANs issued for assessable improvement projects may be renewed for periods equivalent to the maximum life of the permanent financing, provided that stipulated annual reductions of principal are made. As of December 31, 2003, a $400,000 Bond Anticipation Note (BAN) was outstanding. These temporary funds were borrowed to assist with financing the renovation and construction expansion costs of the Town's Public Works Facility. 3. Long-Term Debt a. At December 31, 2003, the total principal indebtedness outstanding of the Town of Ithaca aggregated $4,200,000. Of this amount, $ 0 was subject to the Town's constitutional debt limit and represented zero percent(0%) of its debt limit. Further calculations disclosed that the Town of Ithaca the meets the 7% indebtedness requirement and has not exhausted its borrowing and repayment abilities. PAGE 11 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2003 b. Bonds - The Town of Ithaca borrows money in order to acquire land or equipment or construct buildings and improvements. This enables the cost of these capital assets to be paid for by both present and future taxpayers receiving the benefit of the capital assets. These long-term liabilities, which are full faith and credit debt of the Town, are recorded in the General Long- Term Debt Account Group. The provision to be made in future budgets for capital indebtedness represents the amount exclusive of interest, authorized to be collected in future years from taxpayers and others for liquidation of the long-term liabilities. C. Other Long-Tenn Debt- In addition to the above long-term debt the Town of Ithaca had the following non-current liability: Compensated Absences: represents the value of earned and unused portion of the liability for compensated absences. d. Summary Long-Term and Short-Term Debt- The following is a summary of liabilities outstanding at December 31, 2003 by fund type and account group: Liability Debt Account GrW Serial Bonds $ 4,200,000 Bond Anticipation Notes 400,000 Compensated Absences 85,601 Total Outstanding $ 4,685,60-1 e. The following is a summary of changes in Long-Term liabilities for the period ended December 31, 2003: Serial Due Employee Compensated Installment Bonds Retirement Absences Bond Bal 1/1103 $3,745,000 $ 0 $ 90,568 $ 0 Additions 1,400,000 0 0 0 Deletions 545,000 0 4,677 0 Bal 12/31/03 $ 0 $ $ 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, 2003 amounted to $244,773. Unpaid Bond Interest on outstanding indebtedness at December 31, 2003 is $1,112,076. f. Long-Tenn Debt Maturity Schedule -The following is a statement of serial bonds and bond anticipation note(s) with corresponding maturity schedule. (See Exhibits A,B) 9. The following table summarizes the Town of Ithaca's future debt service requirements as of December 31, 2003. (See Exhibit C) PAGE 12 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2003 C. Reconciliation of Inter-fund (between funds) Activities Inter-fund receivables and payables at December 31,2003 were as follows: FUND DUE FROM DUE TO INTERFUND INTEND RECEIVABLE PAYABLE REVENUE EXPENSE Gen'l Town-Wide $ 0 $ 0 $ 232,253 $7,520 General Part-Town 0 0 0 52,902 Highway 0 0 37,635 52,902 Water 0 0 19,571 394,298 Sewer 2,082,452 0 0 501,278 Capital Projects 0 2,082,452 5,520 75,851 Debt service 0 0 789,772 0 TOTAL $ 2,082,452 $ 2,082,452 $ 1,084,751 $ 1,084,751 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 2003 was $24,309. This Reserve Fund was designated by Board Resolution No. 171 of October 2, 1997. Interest earnings increased the reserve cash 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 2003 was $209,297. This Reserve Fund was designated by Board Resolution No. 170 of October 2, 1997. Interest earnings and additional funding for the year both increased the reserve cash. C. The Highway Equipment equity includes reserve funds established for highway machinery. The balance at the end of 2003 was $7,802. This Reserve Fund was designated by Board Resolution No. 193 of November 8, 1984. The reserve is funded by any unexpended budgeted equipment appropriations for machinery at year-end. The reserve cash is also increased by interest earned for the year. PAGE 13 TOWN OF ITHACA NOTES TO FINANCIAL STATEMENTS DECEMEBER 31,2003 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. 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LO r r o 0 �r co co rn z— co N N OE H3 N O Q O O O w I T N LO w 03- W = CDM m m o ` U T*, dh N Z N N Cl) (D T a (0- � NE cc::,) 0 0 o a o z a o a o cc:,) © � �� W t=�- � cOn uc'a � n oao a � � v 40 60 0Q w A o Nmmo LO cm N m OE fit H3 N O O O O O O F-i z O O O O O O IL LO � t� T- m TO I' T r N r- N3 69� C) 00 O O N r- L N Ui U7 q O Z LO N qT CM M N 11 r N OE E9 O O O O O N O O O 0 O O CC O LO C � cO0 O D_ LO * N o w w u w o cn - Cc �- aO H00 00 �> > > m > � c � rn � C) 0 , C Nz( �X m ao mo CL an pww w 2z 75z � z z J >- z JCa Um Um Um Um �—� Q m m m m m m A U a a a a ti t- Al Carvill From: LSTEVENSON@osc.state.ny.us on behalf of AFRFILE@osc.state.ny.us Sent: Tuesday, February 10, 2004 12:27 PM To: Al Carvill Subject: Re:Annual Update Document Received 2003 annual report file and notes. Al Carvill <ACarvill@town.it To: afrfile@osc.state.ny.us haca.ny.us> cc: Subject: Annual Update Document 02/09/2004 01:32 PM Report December 31, 2003 from Town of Ithaca, Tompkins County. Al Carvill Town Budget Officer Town of Ithaca 215 Tioga Street Ithaca, NY 14850 Ph# (607) 273-1721 Ext # 113 Email: ACarvill@town.ithaca.ny.us