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HomeMy WebLinkAbout2023_04_19 Town Board Minutes o _ ��9_1_ Town of Mamaroneck // Town Board Minutes m Wednesday, April 19, 2023 Courtroom, Second Floor of Town n Center 5:00 PM FOUNDED 1661 PRESENT: Jaine Elkind Eney, Town Supervisor Abby Katz, Councilwoman Sabrina Fiddelman, Councilwoman Jeffery L. King, Councilman Robin Nichinsky, Councilwoman ABSENT: ALSO PRESENT: Allison May, Town Clerk Meredith S. Robson, Town Administrator Connie Green O'Donnell, Deputy Town Administrator William Maker Jr., Town Attorney Tracy Yogman, Town Comptroller Thomas Smith, EFPR Group 5:00 PM THE TOWN BOARD WORK SESSION CALL TO ORDER The Work Session of the Town Board was called to order by Supervisor Elkind Eney. Moved by Councilwoman Fiddelman, seconded by Councilwoman Katz, the Work Session unanimously opened at 5:04 p.m. WORK SESSION ITEMS 1. Discussion - Draft Agreement with Kevin Dwarka LLC ("KDLLC") The Town Administrator Meredith Robson proposed this agreement which will provide for Kevin Dwarka LLC (KDLLC) to undertake an environmental impact assessment of the Mamaroneck Comprehensive Plan. Town Supervisor Jaine Elkind Eney noted that this is the next step for the Comprehensive Plan, which must conform with the New York State Environmental Quality Review Act (SEQRA). As Mr. Dwarka has been involved in the development of the Draft Comprehensive Plan, they noted that he should be in a position to complete the assessment quickly and thoroughly. KDLLC will perform this scope of work for a flat fee of$9,500. 2. Discussion - Local Law Creating an Exemption from the Filmmaking Law Town Attorney William Maker Jr. presented the proposed local law, which has been amended to include an exemption discussed during the Town Board Work Session on April 4, 2023. The amendment will clarify that the Filmmaking Law does not include residents or business owners filming in their own homes or businesses for their own benefit, without using personnel who are not residents of the home or employees of the business. Town Board April 19, 2023 3. Set a Public Hearing -- Local Law Prohibiting Smoking in Town Parks Attorney Maker introduced this proposed local law that, if enacted, would prohibit the smoking or vaping of cannabis and tobacco in Town parks. After discussing possible penalties for anyone caught smoking in Town parks, the Board requested that Attorney Maker rework the proposed law to redefine the penalties and remove the clause regarding potential jail time. The Board wanted to ensure that smoking in a Town park in the future would not result in an arrest, a criminal offense, or jail time. 4. Discussion - 2023 Larchmont Mamaroneck Joint Garbage Disposal Commission Intermunicipal Agreement Town Administrator Meredith Robson presented this intermunicipal agreement (IMA) between the Town of Mamaroneck and the Village of Larchmont. The IMA rolls over the same percentages as the one agreed in 2022. The formula that each municipality will be required for the operation of the Joint Garbage Disposal Commission in 2023, is the Town contributing fifty-nine (59%) percent and the Village of Larchmont contributing forty-one (41%) percent. The Administrator noted that the Village of Larchmont passed this 2023 Joint Garbage Disposal Commission resolution on Monday night. 5. Discussion - Title III-C-1 & 2: Nutrition Programs Contract 2022-2024 The Town Supervisor explained that the County of Westchester received this grant funding from the New York State Office of Aging in order to expand existing Nutrition Services and In-Home Contact and Support Services to County seniors 60 years and older in accordance with Title III-C-1 and III-C-2 of the Older Americans Act. It will be paid with American Rescue Plan ("ARP") grant funds under the CMC6 Program and the HDC6 Program. This contract will fund the Town's Senior Center vehicle and some salaries. The contract will be retroactive from April 1 , 2021, and continue through September 30, 2024. 6. Discussion - Award of Bid — TA-23-04 - Street Sweeping Services Years 2023 & 2024 The Town Administrator recommended the Town Board award the bid for street sweeping services to the only bidder: Three D Industrial Maintenance Corp. for 2023 services in the amount of$37,320.00 and 2024 services in the amount of $37,320.00. 7. Updates — Out of Order Councilwoman Katz reported attending the Larchmont Library Board meeting this week, where in light of the issues facing the Mamaroneck Library, the management of the Larchmont Library reiterated for the Board the way the library is funded and the numerous financial checks and balances in place to safeguard that funding. The Board reviewed the possibility of adding Juneteenth as a floating holiday in 2025. LMC Media plans to begin renovating their Town Center space, keeping in contact with the Town to ensure that the grant covers the cost of the renovations. The Board discussed the need to address the lack of available parking at the Town Center. Ideas included permits for employees and time limits for visitors during office hours. The Board reviewed the Tree Plan for Memorial Park Playground Renovations. The Town Administrator noted that when the playground was originally designed the planning involved many consultants: arborists, contractors, highway crew, architects, landscapers, designers, and conservationists. The Board reviewed the design and new plantings. The Board did not particularly like arborvitae but agreed the plants would provide a quick-growing green screen or break between the tennis courts and the playground. The Administrator highlighted there will also be around 50 flowering shrubs installed, to perhaps include hydrangea and rhododendron. The Board asked if Town Board April 19, 2023 there was a possibility of enhancing the beauty of the playground with trees such as dogwoods and cherries. See Attachment A. At their last meeting, the Board passed the 'Resolution to Oppose the Discharge of Contaminated Water from Indian Point'. Supervisor Elkind Eney noted that public opinion, including the Board's resolution, had successfully delayed the discharge into the Hudson. The Supervisor informed the Board there would be a 'Rally to Save the River' on May 6th and asked if they wanted the Town to be listed as a sponsor. As the Town Board had already publicly shared their position with the vote for the resolution, they agreed to be listed as a sponsor. 8. Request for Executive Session Moved by Councilman King, seconded by Councilwoman Fiddelman, the Town Board agreed to enter into Executive Session to discuss the proposed acquisition, sale, or lease of real property and the Save the Sound litigation. Carried Moved by Councilman King, seconded by Councilwoman Fiddelman, the Town Board unanimously agreed to resume the Regular Meeting. Carried 9. Updates - Continued Councilman King requested that the Recreation Commission be able to attend the upcoming Fields for Kids (F4K) presentation related to the work on Hommocks Field, to be able to review the engineering report, and to have a joint meeting with the Town Board. The Board agreed to set up once the report is available. In addition, Supervisor Elkind Eney agreed to call Woodard and Curran to request that the Town receive the engineering report prior to F4K. The Coastal Zone Management Committee received an application from Bonnie Briar Country Club, which is planning a four-phase redevelopment of infrastructure. The plan includes additional parking, a warming hut near paddle tennis courts, a new pool, indoor training facility near the driving range, and more. The Coastal Zone Committee is awaiting additional information. The Town Board discussed the need to paint the Town's crosswalks and sharrows. 10. Presentation - 2022 Financial Audit by EFPR Group — Out of Oder Mr. Smith from EFPR Group presented to the Board the Town of Mamaroneck an audit summary, including basic financial statements, supplementary information and independent auditor's report for the fiscal year ended December 31, 2022. Mr. Smith noted that O'Connor Davies is the auditor for the Housing Authority and EFPR will wait to include those statements in the Town's complete report to the State. Comptroller Yogman added that she had confirmed with Mr. Altieri that the Town would receive the Housing Authority's financial statements by the end of this week. 11. Additions to Regular Meeting Agenda The Board agreed to hear Resident Comments first during the Regular Meeting, followed by the 2022 Financial Audit Report from EFPR. The Board also agreed to defer setting a public hearing on a local law prohibiting smoking in Town parks, to the meeting of May 3, 2023. 8:00 PM TOWN BOARD REGULAR MEETING The Town Board meeting convened in the Courtroom Located on the second floor at the Town Center. The Public was to view the meeting on cable access television (Optimum 76/ Fios 35) or on LMCMedia.org Town Board April 19, 2023 CALL TO ORDER The Regular Meeting of the Town Board was called to order by Supervisor Elkind Eney at 8:00 p.m. Supervisor Elkind Eney noted that the Town Board met for a Work Session beginning at five o'clock this evening. RESIDENT COMMENTS - Out of Order Supervisor Elkind Eney asked if anyone in the audience wished to address the Town Board. Ms. Mina Immerman, resident of the Town of Mamaroneck, read a statement on behalf of the Town of Mamaroneck Human Rights Committee regarding the depiction of a Native American on the Town sign and seal. The Human Rights Committee's position after research and outreach is that the use of a Native American profile on the Town seal should stop. The Human Rights Committee suggested that the Town Board begin to formally address the Town seal. See Attachment B. The Town Supervisor thanked the group for coming tonight, agreeing that the next step is for the Town Board to review the information presented and decide on next steps. STAFF COMMENTS/ PRESENTATIONS 1. Presentation - 2022 Financial Audit by EFPR Group Mr. Thomas Smith, the Engagement Partner, with EFPR presented highlights of the Town's December 31, 2022, Financial Audit. Mr. Smith noted that EFPR plans to issue a clean, unmodified opinion on the Town's financial statements, as well as the Justice Court Audit. The audit and final report will be complete once the Housing Authority provides its financial reports later this week. Town Administrator Robson added that the Town did very well in the audit, with no 'significant findings' and a clean result. The fund balance is largely a result of the bond issuance, and we did have some normal and expected fluctuations in the revenue and expenses. All in all, stated Administrator Robson, we did a great job mainly thanks to Comptroller Yogman. Councilwoman Nichinsky noted that the Board had discussed safeguards and how they are implemented in the Town. See Attachment C. SUPERVISOR'S REPORT - Out of Order Welcome to the April 19, 2023, meeting of the Town Board of the Town of Mamaroneck. The Town Board met today for a Work Session in Conference Room A starting at 5:00pm, which is open to the Public. April 13 was a day filled with activities for me: First, I attended a Mamaroneck Chamber of Commerce Meeting. The members discussed things of note happening in their businesses. George Latimer gave an update on the County, then Jennifer O'Neill the Executive Director of the VOM Library spoke about the financial crisis in the Library. The Chamber of Commerce meetings are always well attended and informative. The Chamber of Commerce is really a tie that binds the community. Then I went to the Spring Fling at the Senior Center. Just thinking about it makes me smile. There were 95 Seniors dancing, some with maracas and tambourines, doing the "limbo". Everyone (staff and I included) had a wonderful time. I even got to spend time with our oldest Member, Mabel Atkinson who turned 104! Finally, I attended a community forum at St. Thomas Episcopal Church in Mamaroneck to discuss bringing a community refrigerator to Mamaroneck. The forum was held by an Town Board April 19, 2023 organization called Grass Roots Grocery in conjunction with the Community Resource Center. First, we learned what a community refrigerator is (a drop-off, pick up point for food distribution), then we discussed possible locations and other logistics. Fortunately, we have the Hunger Task Force that provides food on a regularly scheduled basis. The refrigerator would supplement this. It seems to fill a gap in the community, being open 24/7. We will learn more about it in the coming weeks and months. On April 15, I attended the Town's annual spring cleanup at the Hommocks Park Conservation area. More than 40 residents pitched in including 14 Daisies and Brownies. More than 250 pounds of garbage and 4 bags of recycling were collected. The most unusual finds were an oil filter, a large Styrofoam piece of boat dockage, a wooden table (which a resident took home to refinish!) and a passport from India! (It was turned in to the TMPD if you are missing this!) I want to thank everyone who came out to help keep the Town beautiful and Trader Joe's for providing snacks so that our volunteers had the strength to carry on. I especially want to thank our Environmental Planner Elizabeth Aitcheson and my Assistant and Sustainability Coordinator, Sue Odierna for their efforts to make this event happen. On April 18 I attended a Comp Plan Steering Committee Meeting. At this meeting, the steering committee discussed their final comments to the draft plan. We have a lot of upcoming events to look forward to. I will let Jeff discuss the Bunny Hop hosted by the Town Recreation Department and Fire Department and Abby discuss the Spelling Bee hosted by the Friends of the Larchmont Library, both to take place on April 23. April 29 the Town is hosting a free compost giveback from 8:00am to 1 :00pm at the Maxwell Avenue Recycling Center. The limit is 35 gallons per vehicle and residents must bring their own bucket and shovel. I want to thank the Sanitation Commission for their hard work to make this event happen. April 30 at 1:00 pm. Town of Mamaroneck spring tree walk with the Sheldrake Environmental Center. Location is the Sheldrake River Trail at approximately 90 Rockland Avenue, Larchmont. Meet at the stone wall. For more information and to register, go to the Sheldrake Environmental Center website (Sheldrake Center.org—programs. Then upcoming events.) RESIDENT COMMENTS - Continued, Out of Order 1. Ms. Karen Bendell, of Ellsworth Road, came to speak against issuing non-resident permits in parking Lot C. Ms. Bendell also wanted to publicize that this Saturday the Larchmont Gardens Civic Association will be hosting their annual Spring Clean Up. PUBLIC HEARINGS - Out of Order The following Notice of Public Hearing is entered into the record as follows: 1. Public Hearing - "Allowing Non-residents to Park Overnight in Parking Lot C" PUBLIC HEARING NOTICE LEGAL NOTICE IS HEREBY GIVEN that pursuant to Section 130 of the Town Law of the State of New York, a Public Hearing will be held on Wednesday, April 19, 2023, at 8:00 PM or as soon thereafter as is possible, to consider the "Allowing Non-residents to Park Overnight in Parking Lot C" law, at the Town Center, 740 W. Boston Post Road, Mamaroneck, New York. Purpose: Parking Lot C on Myrtle Boulevard, which allows overnight parking, is underutilized. Nonresidents have inquired about being allowed to purchase permits to park overnight in that lot; however, the Town Clerk cannot issue permits to them because section 219- 48 A. of the Town Code prohibits the Town Clerk from selling parking permits to persons who are not residents of the Town. This local law will eliminate that prohibition with respect to Parking Lot C. Town Board April 19, 2023 You may also view the meeting on local municipal access television (Cablevision 75, 76, 77 or Verizon 34, 35, 36) or on LMC Media's website, https://lmcmedia.org/. The full text of this document can be viewed on the Town's website, https://www.townofmamaroneckny.org/calendar.aspx, or by calling the Town Clerk's Office at 914-381-7870, for a mailed copy. BY ORDER OF THE TOWN BOARD OF THE TOWN OF MAMARONECK Published: April 10, 2023 Moved by Councilwoman Fiddelman, seconded by Councilman King, the Public Hearing was unanimously opened. Carried The Town Attorney William Maker Jr. introduced the proposed law that would allow the Town Clerk to sell Lot C permits to nonresidents. Town Supervisor Elkind Eney asked if there were any residents that wished to address the Board. Town resident Ms. Bendell requested that the Town Board wait until more time passes post-Covid before opening up the Town's commuter lot to non-residents. Ms. Bendell thought that more people would begin using the train again, as soon as more commuters return to working in New York City. Town Clerk Allison May explained that Lot C is not a viable option for commuters because it is Overnight only, and 24-hour parkers use Lot B. Councilwoman Katz asked Attorney Maker if theoretically in the future the Town could return to selling Lot C permits to residents only. Attorney Maker confirmed that is a possibility. In response to Ms. Bendell's concerns, Attorney Maker confirmed that this law is only for Lot C. Moved by Councilwoman Fiddelman, seconded by Councilwoman Katz, the Public Hearing was unanimously closed. Carried Moved by Councilwoman Katz, seconded by Councilwoman Fiddelman, the following Local law was unanimously approved: Local Law No. 3 - 2023 This local law shall be known as the "Allowing Non-residents to Park Overnight in Parking Lot C"law BE IT ENACTED by the Town Board of the Town of Mamaroneck Section 1 — Purpose: Parking Lot C on Myrtle Boulevard, which allows overnight parking, is underutilized. Nonresidents have inquired about being allowed to purchase permits to park overnight in that lot; however, the Town Clerk cannot issue permits to them because section 219- Town Board April 19, 2023 48 A. of the Town Code prohibits the Town Clerk from selling parking permits to persons who are not residents of the Town. This local law will eliminate that prohibition with respect to Parking Lot C. Section 2—Amendment of a current section of the Mamaroneck Code: Section 248-19 A. of the Code of the Town of Mamaroneck hereby is repealed and the following substituted in its place: A. The Town Clerk may only issue permits to residents of the Town, except that the Town Clerk may issue permits to both residents and non-residents of the Town for overnight parking in Parking Lot C. Except when seeking a permit for Parking Lot C, at the time of application, the applicant must submit proof of residency in a form satisfactory to the Town Clerk. Section 3— Severability: Should any provision of this Local Law be declared invalid or unconstitutional by any court of competent jurisdiction, such declaration of unconstitutionality or invalidity shall not affect any other provisions of this Local Law, which may be implemented without the invalid or unconstitutional provisions. Section 4— Effective Date: This Local Law shall become effective upon filing with the Secretary of State. Carried 2. Public Hearing - "Stop Sign at the Exit onto Rockridge Road from the Commercial Use Operated at the Property Designated on the Town's Assessment Roll as Section 4, Block 412, Lot 288" PUBLIC HEARING NOTICE LEGAL NOTICE IS HEREBY GIVEN that pursuant to Section 130 of the Town Law of the State of New York, a Public Hearing will be held on Wednesday, April 19, 2023 at 8:00 PM or as soon thereafter as is possible, to consider the "Stop sign at the exit onto Rockridge Road from the commercial use operated at the property designated on the Town's Assessment Roll as Section 4, Block 412, Lot 288" Law, at the Town Center, 740 W. Boston Post Road, Mamaroneck, New York. Purpose: The property designated as Section 4, Block 412, Lot 288 on the Town's Assessment Roll borders the Boston Post Road and Rockridge Road and is developed with a commercial use, currently a restaurant. Motor vehicles can exit from the property's parking lot onto Rockridge Road. For proper traffic regulation, motor vehicles leaving the parking lot should come to a full stop before proceeding onto Rockridge Road. You may also view the meeting on local municipal access television (Cablevision 75, 76, 77 or Verizon 34, 35, 36) or on LMC Media's website, https://lmcmedia.orq/. Town Board April 19, 2023 The full text of this document can be viewed on the Town's website, https://www.townofmamaronecknv.orq/calendar.aspx, or by calling the Town Clerk's Office at 914-381-7870, for a mailed copy. BY ORDER OF THE TOWN BOARD OF THE TOWN OF MAMARONECK Published: April 10, 2023 Moved by Councilwoman Fiddelman, seconded by Councilwoman Katz, the Public Hearing was unanimously opened. Carried Supervisor Elkind Eney asked Attorney Maker to introduce the proposed local law. Attorney Maker pointed out that the property in question is Dunkin Donuts. The Stop sign did not find its way into the Vehicle and Traffic law, so this law is a formality to require motor vehicles leaving the Dunkin Donuts' lot and driving onto Rock Ridge Road to come to a complete stop before proceeding. Supervisor Elkind Eney asked if there was anyone in the audience who wished to discuss the proposed stop sign and there was not. Moved by Councilwoman Fiddelman, seconded by Councilman King, the Public Hearing was unanimously closed. Carried Moved by Councilwoman Katz, seconded by Councilwoman Fiddelman, the following Local law was approved, with Councilwoman Nichinsky recusing herself: Yea Nay Abstained Absent Town Supervisor Elkind Eney x Councilwoman Katz x Councilwoman Fiddelman x Councilman King x Councilwoman Nichinsky x 4 0 1 0 Carried Local Law No. 4 - 2023 This local law shall be known as the "Stop sign at the exit onto Rockridge Road from the commercial use operated at the property designated on the Town's Assessment Roll as Section 4, Block 412, Lot 288" Law. BE IT ENACTED by the Town Board of the Town of Mamaroneck Section 1 — Purpose: The property designated as Section 4, Block 412, Lot 288 on the Town's Assessment Roll borders the Boston Post Road and Rockridge Road and is developed with a commercial use, currently a restaurant. Motor vehicles can exit from the property's Town Board April 19, 2023 parking lot onto Rockridge Road. For proper traffic regulation, motor vehicles leaving the parking lot should come to a full stop before proceeding onto Rockridge Road. Section 2 —Amendment of a current section of the Mamaroneck Code: Section 219-11 of the Code of the Town of Mamaroneck hereby is amended to convert the existing section into a new paragraph "A." whose introductory line reads as follows: A. The intersections described below are hereby designated as stop intersections and stop signs shall be installed as follows: Section 3 —Amendment of a current section of the Mamaroneck Code: Section 219-11 of the Code of the Town of Mamaroneck hereby is amended further to provide a new paragraph "B" thereto that reads as follows: B. Motor vehicles exiting from the property designated on the Town's Assessment Roll as Section 4, Block 412, Lot 288 onto Rockridge Roadshall come to a complete stop before proceeding onto Rockridge Road. Section 4 — Sign(s) to be Erected and Painting to be Done: An appropriate sign or signs shall be erected indicating where a full stop is required by this law. Section 5 — Severability: Should any provision of this Local Law be declared invalid or unconstitutional by any court of competent jurisdiction, such declaration of unconstitutionality or invalidity shall not affect any other provisions of this Local Law, which may be implemented without the invalid or unconstitutional provisions. Section 6 — Effective Date: This Local Law shall become effective upon filing with the Secretary of State. BOARD OF FIRE COMMISSIONERS 1. Call to Order Commissioner Elkind Eney called the Meeting to order, then on motion of Commissioner King and seconded by Commissioner Katz the Board of Fire Commissioners was unanimously declared open. Present were the following Members of the Commission: Commissioner: Jaine Elkind Eney Commissioner: Abby Katz Commissioner: Sabrina Fiddelman Commissioner: Jeffery L. King Commissioner: Robin Nichinsky Town Board April 19, 2023 2. Fire Claims Moved by Councilman King, seconded by Councilwoman Katz, it was unanimously RESOLVED, that this Board of Fire Commissioners does hereby authorize payment of the Fire Department Claims in the amount of$7,094.72, as approved by the Fire Chief and audited by the Comptroller's Office. See Attachment D. Carried 3. Other Fire Department Business Commissioner Elkind Eney publicized that the Fire Department is hosting an open house this Saturday at noon for anyone interested in learning about becoming a volunteer with the Town of Mamaroneck Fire Department. Please see our website and come learn more about the Fire Department, an integral part of our community. There being no further business to come before the Fire Commission, on motion of Commissioner Fiddelman, Seconded by Commissioner King, the Commission unanimously adjourned and the Town Board reconvened. AFFAIRS OF THE TOWN OF MAMARONECK 1. Authorization - Draft Agreement with Kevin Dwarka LLC ("KDLLC") Moved by Councilwoman Katz, seconded by Councilman King, it was RESOLVED that the Town Board hereby approves the agreement with Kevin Dwarka LLC ("KDLLC") for Land Use and Economic consulting services and hereby authorizes the Town Administrator to execute the agreement and any related documents necessary to carry out its implementation. Carried 2. Set a Public Hearing - Local Law Creating an Exemption from the Filmmaking Law Moved by Councilwoman Katz, seconded by Councilman King, it was RESOLVED that the Town Board hereby sets a Public Hearing for May 3, 2023, for "Local Law Creating an Exemption from the Filmmaking Law". Carried 3. Set a Public Hearing -- DEFERRED -- Local Law Prohibiting Smoking in Town Parks 4. Authorization - 2023 Larchmont Mamaroneck Joint Garbage Disposal Commission Intermunicipal Agreement Town Administrator Robson introduced this intermunicipal agreement (IMA) between the Town of Mamaroneck and the Village of Larchmont, in which the Town will contribute fifty-nine percent and Larchmont forty-one percent of the costs. The Administrator noted that the Village of Larchmont passed this 2023 Joint Garbage Disposal Commission resolution last Monday night. This Agreement is a continuation of the Agreement approved last year. Town Board April 19, 2023 Moved by Councilman King, seconded by Councilwoman Nichinsky, it was RESOLVED that the Town Board hereby approves the intermunicipal agreement with the Village of Larchmont to contribute fifty-nine (59%) percent of the cost for operating the Sanitation Commission and hereby authorizes the Town Administrator to execute the agreement and any related documents necessary to carry out its implementation. Carried 5. Authorization - Title III-C-1 & 2: Nutrition Programs Contract 2022-2024 Moved by Councilwoman Nichinsky, seconded by Councilwoman Fiddelman, it was RESOLVED that the Town Board hereby approves the contract between the Town and Westchester County to receive grant funding, through the Federal American Rescue Plan, in the amount not to exceed$54,182 and$6,021, in Contractor matching funds, for nutrition and nutrition-related services and hereby authorizes the Town Administrator to execute the agreement and any related documents necessary to carry out its implementation. Carried 6. Award of Bid — TA-23-04 - Street Sweeping Services Years 2023 & 2024 Moved by Councilman King, seconded by Councilwoman Katz, it was RESOLVED that the Town Board hereby awards the bid for street sweeping services received and opened on April 11, 2023, to Three D Industrial Maintenance Corp. for 2023 services in the amount of$37,320.00 and 2024 services in the amount of$37,320.00 and hereby authorizes the Town Administrator to execute the agreement and any related documents necessary to carry out its implementation. Carried 7. Authorization - 2022 Financial Audit by EFPR Group Moved by Councilwoman Katz, seconded by Councilman King, it was RESOLVED that the Town Board hereby accepts the Financial Statements and Supplementary Information for the Fiscal Year ended December 31, 2022. Carried 8. Certiorari - Post Road Larchmont Realty, Inc. Moved by Councilwoman Nichinsky, seconded by Councilwoman Fiddelman, it was RESOLVED, that the Town Board hereby authorizes the settlement of the following tax certiorari on the following terms: Post Road Larchmont Realty, Inc. 1-3 Dillon Road Section/Block/Lot: 5-5-82 Town of Mamaroneck Town Board April 19, 2023 Year Current Reduction Resulting Assessment Assessment 2017 $5,100,000 $100,000 $5,000,000 2018 $5,100,000 $1,250,000 $3,850,000 2019 $5,100,000 None $5,100,000 2020 $5,100,000 None $5,100,000 2021 $5,100,000 None $5,100,000 Carried REPORTS OF THE COUNCIL Councilwoman Katz • Attended a Larchmont Library Board meeting. • Reminder that the Spelling Bee is this Sunday at 4pm at Larchmont Temple. • Suggested everyone visit the Larchmont Library website to see all the amazing things happening there. • Attended the Westchester Municipal Officials Association meeting last Thursday. Councilwoman Fiddelman • Attended the latest Larchmont Mamaroneck Local Summit via Zoom, where Rye Neck and Mamaroneck School Superintendents presented their budgets and highlighted new and ongoing programs. The next meeting, May 9th at 8 am via Zoom, is 'Keeping us safe on the Sound' featuring local Chiefs of the Police. • Welcomed two Mamaroneck High School students, who are studying the history of the Town. • Attended the Westchester Municipal Officials Association meeting last Thursday. Councilman King • The March 27 Coastal Zone Committee met and heard Bonnie Briar's plan to amend its property. • On April 17, Councilman King spoke to Troop 4 Larchmont Mamaroneck Boy Scouts about their civic engagement and various projects. • Last night, the Recreation Commission met, check the Recreation brochure for the many activities available. • Next Thursday through Sunday is the annual Ice Breaker Hockey Tournament at the Hommocks Park Ice Rink. It is multi-generational event and the first time there will be a Woman's Game on Sunday, right before the finals. • Town camps are open for registration, including the Teen Travel Camp. • Movies in the Park this summer will be 'Lyle Lyle Crocodile' on Friday, June 16th; 'Turning Red' will be show on July 7th; and on September 8th, the last movie will be 'The Tooth Fairy'. • Four outdoor concerts will take place: July 10, 17, 24, and 31. As always there will be BBQ available at a cost. • Tomorrow the Town is offering golf lessons from 3:30 to 4:30pm at Memorial Park. Councilwoman Nichinsky • As she will be away, Councilwoman Nichinsky stated that she is sad to miss all of the great things in Town this weekend. • Attended the Sustainability Collaborative meeting held on April 11 . • On April 12, attended the Planning Board meeting where they reviewed the Bonnie Briar renovations and referred them to the Coastal Zone Committee. • Spoke with Mamaroneck High School teacher Joe Liberti's Original Civil Research and Action (OCRA) students about her experience and inspiration to be on the Town Board. Town Board April 19, 2023 TOWN ADMINISTRATOR REPORT Wanted to recognize all Town employees in advance of Public Service Recognition Week coming up May 7th through 13th. Administrator Robson thanked all employees for their hard work, both seen and unseen, to provide services every single day in the most effective and expedient way possible. ADJOURNMENT Moved by Councilwoman Katz, seconded by Councilwoman Fiddelman, the meeting unanimously adjourned at 9:14 pm. Carried REGULARLY SCHEDULED MEETING - May 3, 2023 Submitted by Allison May, Town Clerk Town Board April 19, 2023 Attachment A Town Board April 19, 2023 `!`. 474 Town of Mamaroneck TEL:914/381-7835 .130 Engineering Department, Town Center FAX:914/381-8473 Z. 740 West Boston Post Road, Mamaroneck, NY 10543-3353 'uJ m I Ci ~ Robert P. Wasp, P.E., C.D.T. rwasp@townofmamaroneckNY.org FOUNDED1661 Town Engineer INTERDEPARTMENT MEMORANDUM DATE: April 19,2023 TO: Meredith Robson,Town Administrator CC: Jill Fisher, Superintendent of Recreation FROM: Robert Wasp,P.E.,Town Engineer SUBJECT: Recommendation of Supplemental Plantings Memorial Park Playground Renovation GENERAL: Renovation of the Memorial Park playground area includes landscaping plantings as part of the Town Contractor's scope. The original landscaping plan prepared by the Town's design consultant,Insite Engineering,includes(1)flowering Dogwood tree,approximately(50)new shrubs and additional ground cover plantings. Original proposed plantings can be reviewed on the Plant List table found on the drawing sheet markup enclosed with this item. Recent removal of the(4)honey locust trees that adjoined the Tennis Court fence has warranted consideration of supplemental tree plantings in the Park. Placement of new trees within the narrow grass area between the Tennis Courts and sidewalk is problematic for large tree species that require extensive root systems. Expansion of root leaders over time threatens the integrity of the concrete sidewalk through uplift and cracking of the concrete panels. Selection of appropriate tree species for this narrow space is important for both long term tree health and to mitigate future impact to Town sidewalks and playground surface. Supplemental plantings are illustrated on the enclosed Landscaping Plan markup prepared by the Engineering Department. The markup recommends several categories of planting: "Shrub Planting","Compact Species"and"Large Species",that are suitable for the respective locations shown. Identification of the named trees species was made upon the recommendation of Town Environmental Planner,Elizabeth Aitchison,who has applicable experience through management of the Annual Town Tree planting program. The total number of plantings, locations and species shown can be adjusted based upon the preference of the Town Board. Tree plantings are available to be purchased in different size(age)at time of installation.Typical street trees installed by the Town vary between 2-3"caliper with average purchase cost of $275/ea. Larger caliper sizes are available at 3.5-4.5"and 5-6"that respectively cost between $500-$1,500/ea.depending on the size and species selected.All tree plantings require watering and care in the first several years of planting to aide in long term survival. The Engineering Department requests feedback from the Town Board on the locations,frequency and size of plantings so that the supplemental plan can be finalized. Please feel free to contact me with any questions. Attachment A (Cont'd) Town Board April 19, 2023 4W r / jj . IICOMPACFSPECIESPLANTNGto f _-_— TypicaI:Crabapple,Servo. .Hornbeam ....,- 1 'r 'I /�;'� „�.... y��.►,tea- /,a+�•. ....,..... ■ dir J _.41" ff Yll — m t, �IPllilll.�. s -aL �. 1 6. _ r--• 'v fir. " ,",t` \- w .. .�.... r r ---, -- ., �� - =ram=� * NOMIWIE' ? « 1IE�7�'"tl`�■fit]�'�� 7�Si „ � COMPACT SPECIES PLANTINGII SHRUB SPECIES PLANTING(S) Typical:Cmbxppie,Serviceber y Hornbeam Typical:Hydma®ea.Arborvitae 1 j Lncalioo end Quanriry Can be Adjusted LARGE SPECIES PLANTING(2) 1 .:::::rO�S .. "..o:T:.T�'..,. .a i„m, Typical,Red Maple,HawthorneaIk I isr,.....,...:::::....:::::_:,..._ �...w... � „_,C, Offset-10.15'from sidewalk =....tn. .....: ..,..- ENGINEERING MARKUP:4/19)2023. —,-„ MLEMS , M . �y_=r—17_ SUPPLEMENTAL PLANTINGS .-.IAmur.4 bur....,-naY caawxc SCALE {/ 1 ,.,Y,. ®..d W ^ a s SP-1 J Town Board April 19, 2023 Attachment B April 19, 2023 Town of Mamaroneck Supervisor Elkind Eney, Trustees Fiddleman, Katz, King, and Nichinsky Dear Supervisor Elkind Eney and Members of the Town Council: As you are aware,the members of the Human Rights Committee have been discussing the depiction of a Native American on our town signs and seal for many months.We began this discussion after receiving a statement of concern from a town resident. A little history of our discussion to date: Our committee was able to consider many aspects of the history and continued use of our current town seal. Although we were not able to figure out when it was first used,we know it has been used for at least half a century. We all assume that the profile of a Native American was intended as an homage to Mamaroneck's first people—most likely those from the Lenape or the Siwanoy tribes. Within our own group there were conflicting opinions. We were not able come to consensus about the need for any action except to agree that the people we needed to have a conversation with were current members of Native American groups. We reached out via Facebook to a nearby Siwanoy Nation group in Connecticut and to the Lenape Center in Manhattan. In early 2022,we also reached out to you, informing you that we were beginning this conversation. Our hope was that the Town Council itself might like to pursue the concerns. Supervisor Elkind Eney was happy to have our Human Rights Committee to continue our research and keep the Town Council informed of the progress. In October 2022,following several emails,we were able to have a conversation with Hadrien Coumans, co-founder and co-director of the Lenape Center. His short answer was very clear. The use of a Native American profile as a town seal is not appropriate for a number of reasons and could be offensive the Native Americans and others.Among them: • The seal does nothing to address the often-unacknowledged genocide. •Perpetuating offensive stereotypes, cartoons or character sketches do not give an accurate picture of present day Native Americans. •Bounties were offered by the early colonists and even the government for the heads and/or scalps of Native Americans using depictions similar to our seal on posters. Town Board April 19, 2023 Attachment B (Cont'd) Mr.Coumans stated that this last point was reason enough to stop the use of the logo. He was more than willing to meet with representatives of the Town to continue the conversation. When we talked about the concern of"erasing history"if we erased the seal, Mr. Coumans' response was that if we wanted to honor our Native American history,we might better use art created by an indigenous artist to do so.We also talked about the idea of a Living Land Acknowledgement and he stated that their Center would be happy to work with us and the Town. We also spoke about the school curriculum but that conversation is for a different audience. As you know, in late 2022, NY State Department of Education further restricted school districts from the use of Native American mascots,team names or logos. And Supervisor Elkind Eney wrote in a December message that the Town Council would begin to address the question of the current seal. We are here tonight to ask you to please begin that process and to include us in your work. Several members of our committee and the Supervisor have now had a preliminary conversation with Curtis Zunigha-co director of the Lenape Center in NYC. We are happy to help set up another meeting with Mr. Coumans or Mr.Zunigha,the HRC,and your Board if that would be helpful. We understand that the agenda of the Town Council is full but cannot see a time when things may slow down. This is an important question that needs to be addressed. We offer our help and would appreciate a timely response. Respectfully, The Mamaroneck Larchmont Human Rights Committee Nancy Pierson (914 310-3164), Nicole Alifante, Nili Asherie, Kenny Burr, Naomi Hill, Shirlee Hilton, Minna lmmerman, Jirandy Martinez, Lauringle Mitchell, Jean Pierre Poyet, Elizabeth Saenger and Monica Trujillo, Municipal Liaisons-Peter Fanelli and Jeffrey King Town Board April 19, 2023 Attachment C EFPRr-ROUR Certified Public Accountants Town of Mamaroneck Audit Summary December 31, 2022 • Financial Statements and Auditors'Reports were reviewed with management. • Unmodified (i.e. unqualified or"clean") opinions to be issued on the statements including the Town Justice Court audit. • No material weaknesses or significant deficiencies were noted in the Town's internal controls over financial reporting or in the Town's compliance with certain provisions of laws, regulations,contracts and grant agreements. • Federal single audit had no findings. We tested Section 8 Housing Choice Vouchers, Coronavirus State and Local Fiscal Recovery Funds and Disaster Grants —Public Assistance (Presidentially Declared Disasters) (Assistance Listing Nos. 14.871,21.027 &97.036). • Management provided everything we asked for in a timely manner. • Financial Highlights: o Governmental fund balance increased by $5,038,255. The increase is a primary result of an increase in real property taxes, sales tax and Federal aid as well as various expense savings. o General fund's fund balance increased by$1,813,335. This is a result of revenue exceeding the final budget by$1,840,998 as well as actual expenditures being less than the final budget by$1,295,092. ■ Revenue greater than budget due to variance of$537,064 in departmental income as there was no shutdowns due to COVID-19 during 2022. Real property tax items exceeded budget due to penalties and interest. • Federal aid was largest revenue under budget by $375,021 due to American Rescue Plan Act funding that was budgeted,however it was not fully spent and therefore not earned by year-end. • General government support actual expenditures were $480,628 less than final budget. Budgeted payroll in this expenditure category was $2,791,567 while actual payroll was $2,635,119. o Net position of the government-wide statements increased by$10,986,727 to a deficit net position of$36,236,081. This increase in net position is due to budgeted savings above as well as a gain in the New York State pensions' valuation of $1,728,237 due to a measurement date of March 31, 2022. This is due to a greater funding percentage of the total pension liabilities. Also attributing to this increase was a decrease in the total other postemployment benefit liability. Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK, ORK Basic Financial S , Supplementary Inforga on and Independent Auditors' Report December 31,2 1 ``° Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Table of Contents 44 Page Independent Auditors' Report ` 1 -3 Management's Discussion and Analysis 4- 12 Basic Financial Statements: Government-Wide Financial Statements: Statement of Net Position Statement of Activities �� 14 Fund Financial Statements: Balance Sheet- Governmental Funds 15 Reconciliation of Balance She ental Funds t tatement of Net Position 16 Statement of Revenue,Expendi d Ch Bales- Governmental Funds : 17 Reconciliation of the Statement of R ,< , F xpenditures and Changes in Fund Balances-Governmental F ,, the Statement of Activities 18 Fiduciary Fund: Statement of Fiduciary Net Position-Custodial Fund 19 Statement of Changes in Fiduciary Net Position-Custodial Fund 20 Notes to Financial Statements 21 -57 Required Supplementary Information: Schedule of Revenue,Expenditures and Changes in Fund Balance-Budget to ryn. Actual -General Fund 58 Schedule of Revenue,Expenditures and Changes in Fund Balance-Budget to Actual-Town Outside Village Fund 59 Schedule of Revenue,Expenditures and Change in Fund Balances-Budget to Actual- Special Districts Fund 60 Schedule of Revenue,Expenditures and Change in Fund Balances-Budget to Actual -Highway Fund 61 Schedule of Changes in the Town's Total OPEB Liability and Related Ratios 62 Schedule of Changes in the Town's LOSAP Liability and Related Ratios 63 Schedule of the Town's Proportionate Share of the Net Pension Asset/Liability 64 Schedule of the Town's Pension Contributions 65 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Table of Contents,Continued Page Other Supplementary Information: Combining Balance Sheet-Special Districts Fund Combining Schedule of Revenue,Expenditures , -.anges in Fund Balances- Special Districts Fund 67 Combining Balance Sheet-Nonmajor Governmental 68 Combining Schedule of Revenue,Expenditures and Chant and Balances-Nonmajor Governmental Funds 69 Project-Length Schedule-Capital Projects 70- 71 Federal Grant Compliance Audit: Independent Auditors' Report on Internal Con* d er Finan uu g Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 72-73 Independent Auditors' Report on Compliance for Each Major Program and on Internal Control Over Compliance Required by the Uniform Guidance 74 -76 Schedule of Expenditures of Federal 77 Notes to Schedule of Expenditures of Federal Awards 78 Findings Questioned Costs 79 Status o :udit . 80 * * * Town Board April 19, 2023 Attachment C (Cont'd) EFPRGROUPCPAs 6390 Main Street,Suite 200 INDEPENDENT AUDITORS' REPORT Williamsville,NY 14221 P .34.0700 •.546.7556 The Honorable Supervisor and Town Board 16.634.0764 Town of Mamaroneck,New York w EFPRgroup.com Report on the Audit of the Financial Statements Opinions We have audited the accompanying financial statements o _ovemmental activities,the ly presented component unit, each major fund, and the ' ate remaining fund information the Town of Mamaroneck,New York(the Town), as of or the year ended December 31,2022, and the related notes to financial statements, which col .. co Is 'rise the Town's basic financial statements as listed in the table of contents. In our opinion,based on our audit and the report of the other auditors,the financial statements referred to above present fairly,in all material respects,the respective financial position of the governmental activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the Town, as of December 31, 2022, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. We did not audit the financial statements of the Town of Mamaroneck Housing Authority (the Authority),which represent 100%of the assets,net position and revenue of the discretely presented component unit as of December 31,2022,and the respective changes in financial position for the year then ended. Those statements were audited by other auditors whose report has been furnished to us, and our opinion,insofar as it relates to the amounts included for the Authority,is based solely on the report of other auditors. Basis for Opinions e conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities der those standards are further described in the Auditors' Responsibilities for the Audit of the •rncial Statements section of our report. We are required to be independent of the Town and to is other 'tom : responsibilities, in accordance with the relevant ethical requirements relating to o s 't. •elieve that the audit evidence we have obtained is sufficient and appropriate to provid- or our audit opinions. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design,implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement,whether due to fraud or error. Town Board April 19, 2023 Attachment C (Cont'd) In preparing the financial statements,management is required to evaluate whether there are conditions or events,considered in the aggregate,that raise substantial doubt about the Town's ability to continue as a going concern for twelve months beyond the fmancial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Auditors' Responsibilities for the Audit of the Financial Statements 414* Our objectives are to obtain reasonable assurance about whether the fi I ents as a whole are free from material misstatement, whether due to fraud or error, , :;. issu ditors' report that includes our opinions. Reasonable assurance is a high level o surance b f, + e of absolute assurance and therefore is not a guarantee that an audit conducted in accordance • • S and Government Auditing Standards will always detect a material misstatement when it exi t,,e risk of not detecting a material misstatement resulting from fraud is higher than for one res r m error, as fraud may involve collusion, forgery, intentional omissions, 'srepresentations, g ' the override of internal control. Misstatements are considered material if is a substantial likelihood that, individually or in the aggregate,they would influence the jud t made by a reasonable user based on the financial statements. In performing an audit in accordance with GAAS and Government Auditing Standards,we: • Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material misstatement of the financial statements,whether due to fraud or error,and design and perform audit procedures responsive to those risks.Such procedures include examining,on a test basis,evidence regarding the amounts and disclosures in the financial statements. • Obtain an unders ` ternal control relevant to the audit in order to design audit procedures that area appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Town's internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financlal statements. onclude whether, in our judgment,there are conditions or events, considered in the aggregate, that raise substantial doubt about the Town's ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding,among other matters, planned scope and timing of the audit, significant audit findings, and certain internal control- • matters that we identified during the audit. Req _ . entary Information Accountin'_ principles generally accepted in the United States of America require that the management's discussion and analysis and the additional information as listed in the table of contents on pages 58 through 65 be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, 2 Town Board April 19, 2023 Attachment C (Cont'd) • economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS,which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and oth-,k knowledge we obtained during our audit of the basic financial statements. We do not express .$ on or provide any assurance on the information because the limited procedures do not pro •s with sufficient evidence to express an opinion or provide any assurance. Supplementary Information Our audit was conducted for the purpose of forming opini• n the financial statements that collectively comprise the Town's basic financial statements. .ombining nonmajor fund financial statements, the combining special districts fund financial fit, ments, the project-length schedule - capital projects fund and schedule of expenditures of federal wards,as r uired by Title 2 U.S.Code of Federal Regulations Part 200,Uniform Administrative Requireme -Bost Principles, and Audit Requirements for Federal Awards are presented for purposes of onal analysis and are not a required part of the basic financial statements. Such information is `' responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with GAAS. In our opinion,the combining nonmajor fund financial statements, the combining special districts fund financial statements, the project-length schedule-capital proje ` F ..�d schedule of expenditures of federal awards are fairly stated,in all material respects,in ::, . .asic financial statements as a whole. Other Reporting Retjuired by Government Auditing Standards In accordance with Government Auditing Standards,we have also issued our report dated ,2023 on our consideration of the Town's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the Town's internal control over financial reporting or on compliance. That __ report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Town's internal control over financial reporting and compliance. Williamsville,New York ,2023 3 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Management's Discussion and Analysis December 31,2022 Introduction As management of the Town of Mamaroneck,New York(the Town , offer re.. the Town's financial statements this narrative overview and analysis of th- •cial activities • own for the year ended December 31, 2022. It should be read 'c unction with the b. .. •cial statements,which immediately follow this section,to e s • ii derstanding of the Town' cial performance. Financial Hi Key financial highlights for year ended December 31,202 ollows: • As of the close of the current year,the Town's governmen. • reported combined ending fund balances of$39,412,071,an increase of$5,038,255 fro • 'or year. The increase in fund balance is primarily the result of an increase in real prope . es,sales tax and Federal aid as well as various expense savings. • At the end of the current year,the total fund balance for the General Fund was$9,973,058 or 76%of total General Fund expenditures and other financing uses for 2022. The total General Fund fund balance consists of$264,614 (nonspendable), $331,114 (restricted), $3,143,962 (assigned) and $6,233,368 (unassigned). Total fund balance for the Town Outside Villages Fund was$6,878,876 or 42%of total fund expenditures and other financing uses for 2022. • Total fund balance for Special Districts Funds is$4,513,872 or 40%of total fund expenditures and other financing uses for 2022. . .,:own adopted a formal fund balance policy and surplus recovery plan on March 20,2013 =irescribes that a minimum of 15% to 25% of the subsequent year's budgeted appro '•ns be retained. The percentages at December 31,2022,in most cases,are within the rangekof or exceed the surplus levels that are consistent with the Town's policy. • On the government-wide financial statements,the liabilities and deferred inflows of resources of the primary government,which is reported separately from the component unit,the Town of Mamaroneck Housing Authority (the Authority), for which the Town is financially ccountable,exceeded its assets and deferred outflows of resources at the close of the most -cent year by$36,263,081. Of this amount,the unrestricted net position,which is available to meet the ongoing obligations of the Town, is reported as a deficit in the amount of $74037,236 due primarily from the required accrual in accordance with the provisions of Governmental Accounting Standards Board (GASB) Statement No. 75 -"Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions,"of$75,117,103. 4 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Management's Discussion and Analysis, Continued Overview of Financial Statements This discussion and analysis is intended to serve as an introduction to the Town's basic financial statements. The basic financial statements include three components: 1)government-wide financial statements,2)fund financial statements and 3)notes to financial stements. This report also includes supplementary information as listed in the table of contents. Government-Wide Financial Statements The government-wide financial statements are designed to provide the readers with a broad overview of the Town's finances in a manner similar to a private-sector business. The Authority is a legally separate component unit of the primary government for which the Town is financially accountable. The financial information for the Authority is reported separately (discretely presented) from the financial information presented for the primary government. The reader may refer to the component unit's separately issued financial statements for additional information. The statement of net position presents information on all of the'Iowa's assets and deferred outflows of resources and liabilities and deferred inflows of resources, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator as to whether the financial position of the Town is improving or deteriorating. The statement of activities presents information reflecting how the Town's net position changed during the most recent year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus,revenues and expenses are reported in this statement for some items that will result in cash flows in future fiscal periods (for example, uncollected taxes and earned but unused vacation leave and other p.•_ ,loyment benefit obligations). e governm 'de financial statements distinguish functions of the Town that are principally a, " supported by d intergovernmental revenue (governmental activities). The governmental w activities of the include general government support, public safety, health, transportation, economic assistanc d opportunity, culture and recreation, home and community services and rest. s Th rnme ` ' e financial statements can be found immediately following this discussion and analy 5 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Management's Discussion and Analysis,Continued Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. Government resources are allocated to and accounted for in individual funds based upon the purposes for which they are • be spent and the means by which spending activities are controlled. The Town, like other . d local governments, uses fund accounting to ensure and demonstrate compliance with . -lated and legal requirements. All of the funds of the Town can be divided into two catego ' •vernmental funds and fiduciary funds. Governmental funds are used to account for essenti. a same fun +• reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements,governmental fund financial statements focus on near-term inflows and outflows of spendable resources,as well as on balances of spendable resources available at the end of the year. Such information may be useful in evaluating a government's near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the infomation presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may - understand the long-term impact of the government's near-term financing decisions. •vernmental funds' balance sheet and the governmental funds' statement of reven .endi d changes in fund balances provide a reconciliation to facilitate this compariso. `en goy- . tal funds and governmental activities. The Town maintains thirteen individual governmental funds. Information is presented separately in the governmental funds' balance sheet and in the governmental funds' statement of revenue, expenditures and . _ `' .in fund balances for the General Fund, Town Outside Villages Fund, S S. is F ., ,ter, Sewer, Street Lighting, Refuse and Garbage, Ambulance and Fire 6•. t), Se ousing Assistance Fund, Highway Fund and Capital Projects Fund, •'ch are co. r to • •r funds. Data for the two nonmajor governmental funds (Tri- Municipal Cable and De. rvice Funds) are combined into a single aggregated presentation. Individual fund •. .r each of these nonmajor governmental funds is provided in the form of ombining stateme. lsewhere in this report. The Town adopts anry. .ual appropriation budget for its General Fund,Town Outside Villages Fund, Special Districts Fund and Highway Fund which are major funds. A budgetary comparison statement has been provided for these funds within the basic financial statements to demonstrate compliance with the respective budgets.Annual budgets are also adopted for the Tri-Municipal Cable T.V.Fund and the Debt Service Fund which are nonmajor funds. 6 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Management's Discussion and Analysis,Continued Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the Town's programs. Resources are held in the Custodial Fund by the Town purely in a custodial capacity,primarily to account for real property taxes collected for other governments. The financial statements for the governmental and fiduciary can be found in the basic financial statements section of this report. Notes to Financial Statements The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. The notes to financial statements are located following the basic financial statements section of this report. Government-wide Financial Analysis As noted earlier, net position may serve over time as a useful indicator of the Town's financial position. In the case of the Jown, liabilities and deferred inflows of resources exceeded assets and deferred outflows of re "`' $36,263,081)at the close of the current fiscal year. 2022 2021 Current assets 43,919,664 38,413,049 Noncurrent asse g§ 70,016,553 63,300,859 Total assets 113,936,217 101,713,908 -ssk Referred outflows ofresources 26,954,592 30,305,946 Current liabffities 7,620,692 6,688,387 Noncurrent liabilities 123,403,478 147,276,390 Total liabilities 131,024,170 153,964,777 Deferred inflows of resources 46,129,720 25,304,885 position: et investment in capital assets 30,788,717 25,787,996 Restricted 7,085,438 6,292,601 Unrestricted (74,137,236) (79,330,405) Total net position $ (36,263,081) (47,249,808) 7 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Management's Discussion and Analysis, Continued Total assets increased in governmental activities by$12,222,309 from the prior year. Noncurrent liabilities decreased by $23,872,912 from the previous year for governmental activities primarily due to the valuation of the total OPEB liability. Net investment in capital assets,net of accumulated depreciati4 less any outstanding debt used to acquire those assets of$30,788,717, accounts for 84% of tttotal net position. The Town uses these assets to provide services to citizens. Consequently, these assets cannot be used for future spending. Although the Town's investment in its capital assets is re!,, ed net of related debt, it should be noted that the resources needed to repay this debt must . ided from other sources, since capital assets cannot be used to liquidate these liabilities. Approximately 20% of the Town's net position is restricted for various purposes (future capital projects, debt service, Section 8 housing assistance, Tri-Municipal Cable T.V. and trusts). The restricted net position of$7,085,438 represents resources that are subject to external restrictions on how they may be used. The restrictions are as follows: Restricted Net Position 2022 2021 Future c $ 331,114 316,332 Debt service 2,431,794 2,186,923 Section 8 Housing Authority 1,193,438 883,455 Tri-Municipal Cable TV 1,525,586 1,409,690 Pension benefits - fire district 1,603,506 1,496,201 Total assets $ 7,085,438 6,292,601 8 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Management's Discussion and Analysis, Continued The remaining balance of net position, representing unrestricted net position' ($74,137,236) is reported as a deficit as a result of having long-term commitments including compensated absences, OPEB obligations and pensions that are greater than currently available resources. Payments of these liabilities will be budgeted in the year that actual payment will be made. Change in Net Position Primary Government 2022 2021 Program revenue: Charges for services 4, $ ,104 7,612,897 Operating grants and contributions ;404,082 10,819,947 Capital grants and contributions 934,330 808,289 General revenue: Real property taxes 310,060 27,918,380 Real property tax items 1,992 1,117,138 Nonproperty tax items 8,620 3,788,040 Use of money and property 828,391 418,768 Sale of property and compensation fo 4 942,805 191,680 � 223,241 191,448 �Miscellaneous �5 Total revenue 57,434,625 52,866,587 Program expenses: General government support 7,079,766 8,040,805 Public safety 13,716,463 15,455,166 Health 2,106,883 2,355,457 Transportation 5,389,339 5,807,600 Economic assistance and opportunity 790,606 919,638 Culture and recreation 5,150,169 4,598,511 Home and community services 11,098,995 11,608,623 Interest 1,115,677 882,904 Total expenses 46,447,898 49,668,704 Change in net position 10,986,727 3,197,883 Net position at beginning of year (47,249,808) (50,447,691) Net position at end of year $ (36,263,081) (47,249,808) 9 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Management's Discussion and Analysis, Continued yf'z Governmental activities increased the Town's net position by $10,986,72.71 the year ended December 31,2022. Total revenue for the year ended December 31, 2022 from • 5,'� ental activities totaled $57,434,625. Real property taxes of $29,310,060 represent the est revenue source (51%). Governmental activities expenses of the Town totaled$46,447, . z The largest components of these expenses are in the areas of public safety (30%), general g ent support(15%) and home and community services(24%). og Financial Analysis of the Town's Funds As noted earlier,the Town uses fund accounting to ensure and demonstrate compliance with finance- related legal requirements. Governmental Funds The focus of the Town's governmental funds is to provide information on near-term inflows,outflows and balances of spendable resources. Such information is useful in assessing the Town's financing requirements. In particular,unassigned fund balance may serve as a useful measure of a government's net resources available g at the end of the year. As of the end of the current year, the Town's governmental funds reported combined ending fund balance of$39,412,071, an increase of$5,038,255 compared to last year's ending fund balance of $34,373,816. The nonspendable fund balance component of $1,670,043 consists of amounts representing prepaid expenditures. Prepaid expenditures have been established primarily to account for a portion of the State retirement and liability insurance payments made in advance. Fund balance of$17,544,519 is restricted for special revenue funds,capital projects and debt service. The assigned balance classification aggregate of$13,964,141,consisting primarily of amounts designated to ce the ,42023 budget by $3,076,000 in the General Fund; $2,045,610 in the Town Outside illages Fund . i'$397,300 in the Special Districts Funds and amounts available to be used at the Town's discretion in funds other than the General Fund; $4,089,106 in the Town Outside Villages Fund; $1,845,085 in the Highway Fund and$2,122,492 in the Special Districts Funds and$320,586 nonmajor funds. The General Fund's assigned fund balance also includes $67,962 of brances. The remaining fund balance of$6,233,368 is unassigned and represents the remaining - fund b in the General Fund. The eneral Fund is the primary operating fund of the Town. At the end of the current year, unassignedfund balance of the General Fund was$6,233,368,representing 63%of the total General Fund balance of$9,973,058. This is an increase over the prior year,when the total fund balance was $8,159,723. The Town Outside Villages Fund's total fund balance at the end of the year was $6,878,876, a decrease of$304,252 from the previous year. 10 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Management's Discussion and Analysis,Continued The Special Districts Fund's total fund balance at the end of the current year was $4,513,872, a decrease of$602,157 from the previous year. This represents decreases in the Ambulance District fund and the Water District fund offset by increases in the Fire Protection District fund, the Street District Lighting Fund,the Refuse and Garbage District fund and the Sewer District fund. The Capital Projects Fund reflects a fund balance of$10,459,08 at "e end of the current year, an increase of$2,226,324 from the previous year. The Town iss -w long term debt of$5,257,000 in the form of serial bonds to fund all currently authorize . tal projects during the year ended December 31,2022. General Fund Budgetary Information },-: Generally, budget amendments fall into one of three categories: 1) amendments made to adjust the estimates that are used to prepare the original budget ordinance once exact information is available; 2) amendments made to recognize new funding amounts from external sources,such as Federal and State grants; and 3)increases in appropriations that become necessary to maintain services. Capital Assets The Town's capital assets for its governmental activities as of December 31, 2022, amounted to $68,110,662 (net of accumulated depreciation). These capital assets includes land, buildings and improvements,machinery and equipment, infrastructure and construction-in-progress. Capital Assets (Net of Accumulated Depreciation) 2022 2021 $ 4,031,660 4,031,660 Cons ,in-progress 3,377,041 2,833,589 imgs rovements 22,112,365 21,885,668 ' ry quipment 6,027,645 5,721,247 tore 32,561,951 28,828,695 otal $68,110,662 63,300,859 Long-Term Debt and Short-Term Capital Borrowings 1, At the eilitiSf the current year, the Town had total bonded debt outstanding of$46,392,000. As required by State Law,all bonds issued by the Town are general obligation bonds,backed by the full faith and credit of the Town. During the year ended December 31, 2022, the Town paid $3,080,000 in principal on outstanding long-term obligations and issued $5,257,000 in long-term obligations in the form of serial bonds in order to fund various capital projects. 11 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Management's Discussion and Analysis,Continued Economic Factors and Next Year's Budget and Rates The following economic factors currently affect the Town and were considered in developing the 2023 fiscal year budget. • The Town has the lowest unemployment rate in Westehrer County for a Town. • A tax levy increase of 4%to fund increases in recurring expenditure obligations. • Small declines in the taxable assessed value as a percentage i r ,' ated actual value and resulting decreases in property assessments will continue to affect e real property tax base. • On the expenditure side, increases are expected in health insurance premiums, as well as pension and other employee benefit costs. Requests for Information This financial report is designed to provide a general overview of the ` 's finances for all those with an interest in the government's finances. Questions concerning any of the information provided in this report or request for additional financial information should be addressed to Meredith Robson -Town Administrator • .gman-To , mptroller,Town of Mamaroneck,740 W.Boston Post Road,Mamaro' 10543. 400 41<c40)1 12 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Statement of Net Position December 31,2022 Component eck Governmental ' g Assets Activities ' uthority Cash and equivalents $ 28,9 - Investments 1 Receivables: Accounts ,„ 10,198 - Taxes,net , 668,169 " _- Due from other governments :: 267,326 State and Federal aid 1,316,147 Prepaid expenses ;' 1,670,043 r 1; s� Total current assets 740' 43,919,664 - { Capital assets: Not being depreciated - . 'lk+8,701 - Being depreciated `''= Tv>" r,701,961 - Net pension asset-ERS-proportionate share .i • 1905,891 - Total noncurrent assets 70,016,553 - Total assets 113,936,217 - Deferred Outflows of Resources r-; Deferred charge E!?iWd Pensioelated-Pensioelated- pro •81,228 OPEB re, u 13,460,478 rl- Total deferred outflows of Mr M " 26,954,592 - Liabilitie ; ;, Current liabilities: ,I "ii. a. Accounts payable ' 840,877 - Accrued liabilities x' 1,152,853 - Deposits payable 681,347 - Unearned revenue 1,175,047 - Accrued interest payable 329,190 - Bonds payable 3,292,000 - Unamortized bond premiums 149,378 - Total current liabilities 7,620,692 - Noncurrent liabilities: Bonds payable 43,100,000 - bond premiums 2,020,126 - Co k absences 383,523 - Net 'ability-PFRS-proportionate share 946,733 - Net bility-length of service award program 1,835,993 - Total OP ' ty 75,117,103 - Total noncurrent liabilities 123,403,478 - ' Total liabilities 131,024,170 - Inflows of Resources Pension related-retirement systems 14,723,458 - Pension related-length of service award program 1,104,109 - OPEB 30,302,153 - Total deferred inflows of resources 46,129,720 - Net Position Net investment in capital assets 30,788,717 - Restricted 7,085,438 - Unrestricted(deficit) (74,137,236) - Total net position(deficit) $ (36,263,081) - See accompanying notes to financial statements. 13 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Statement of Activities Year ended December 31,2022 et Revenue(Expense) hanges in Net Position Component Prod:,, • .lie Unit •.. Capital Total Mamaroneck b. and Grants and Primary Housing Functions/Programs Expenses S . eons Contributions Government Authority Primary government: Governmental activities: General government support $ 7,079,7 1,472,773 .32 - (3,097,361) - Public safety 13,716, ,322 • - (13,230,629) - Health 2,106,883 11,090,5581 29 , - (722,981) - Transportation 5,389,339 1,003,543 0,270 366,089 (4,009,437) - Economic assistance and opportunity 790,60 - 88,862 - (20I,744) - Culture and recreation 5,150,1 2,770,436 - - (2,379,733) - Home and community services - 11,09 1,759,472 8,000,462 568,241 (770,820) - Interestonlong-termdebt 1,115, - - - (1,115,677) - Total governmental activities $46,447,8 ,581,104 I1,404,082 934,330 (25,528,382) - Component unit-Mamaroneck Housing Authorl ' = - -General revenue: Real property taxes 29,310,060 - Real property tax items 1,091,992 - Nonproperty tax items 4,118,620 - Use of money and property 828,391 - Sale of property and compensation for loss 942,805 - Miscellaneous 223,241 - Total general revenue 36,515,109 - Change in net position 10,986,727 - Net position(deficit)at beginning of year (47,249,808) 2,554,858 Net position(deficit)at end of year $(36,263,08 D 2,554,658 See accompanying notes to financial statements. 14 TOWN OF MAMARONECK,NEW YORK Balance Sheet-Governmental Funds December 31,2022 Town on 8 Outside Special ousing Can- Nonmajor Total General Villages D. Assistance Highway Projects Governmental Governmental Assets Cash and equivalents $ 1,015,670 8,574,692 2,2 1,19 71,474 11,853,878 4,065,568 28,982,748 Investments 6,578,185 - 1,958, - 1,668,655 - 10,205,033 Receivables: Accounts 367,947 244,695 - - 2,125 - 195,431 810,198 Taxes,net 668,169 - - - 668,169 Due from other governments 42,943 9,663 84,219 - - 267,326 State and Federal aid 55,580 864,732 62,163 333,672 - 1,316,147 Due from other funds 3,479,831 750,208 1,778 382 60,410 12,500 20,389 4,325,498 Prepaid expenditures 2.64,614 744,160 - 390,574 11,389 259,306 - 1,670,043 Total assets $ " '39 11,178,988 4,695,042 1,208,403 2,208,352 12,200,050 4,281,388 48,245,162 Liabilities,Deferred Inflows of Resources and Fund Liabilities: Accounts payable 229,9 64,367 51,677 1,970 79,945 409,543 3,422 840,877 Accrued liabilities 59 155,894 ,460 1,606 18,601 838,820 - 1,152,853 Deposits payable - - - - 681,347 Due to other funds .. 51,033 - 5,415 107,424 - 4,325,498 Unearned revenue 8 92 71 - - - 385,182 - 1,175,047 Total liabilities ' 842,412 4,300,112 181,170 3,576 103,961 1,740,969 3,422 8,175,622 Deferred inflows of reso • '469 - - - - - 657,469 Fund balances: Nonspeudable 2. , 744,160 390,574 11,389 259,306 - - 1,670,043 Restricted 331,114 - 1,603,506 1,193,438 - 10,459,081 3,957,380 17,544,519 Assigned 3,143,962 6,134,716 2,519,792 - 1,845,085 - 320,586 13,964,141 Unassigned(deficit) 6 3 68 - - - - - - 6,233,368 Total fiord 9,973,058 6,878,876 4,513,872 1,204,827 2,104,391 10,459,081 4,277,966 39,412,071 Total liabilities, resources and fund b.,. $ 12,472,939 11,178,988 4,695,042 1,208,403 2,208,352 12,200,050 4,281,388 48,245,162 See accompanying notes to financial . 15 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Reconciliation of Balance Sheet -Governmental Funds to the Statement of Net Position December 31,2022 Total Governmental Fund Balances . $ 39,412,071 Amounts reported for Governmental Activities in the statement of net position are different because: _ { Capital assets,net of accumulated depreciation used in Governmental Activities are not financial resources and, therefore, are not reported At in the funds. Capital assets-nondepreciable $ 7,408,701 Capital assets-depreciable nti 108,742,597d Accumulated depreciation (48,040,636) 6 , 62 Differences between expected and actual experie, sumption 7' changes and net differences between projected and and contributions subsequent to the measurement postretirement benefits (pension and OPEB) are reco deferred outflows of resources and deferred inflows of reso the statement of net position. Deferred outflows of resources-pensions 2,413,993 Deferred outflows of resources-length of service award proVam 681,228 Deferred outflows of resources-OPEB 13,460,478 Deferred inflows of resources-pensions (14,723,458) Deferred inflows of resources-length of service award program (1,104,109) Deferred inflows of resources-OPEB (30,302,153) (19,574,021) Other long-term assets that are not available to pay for current period expenditures and,therefore, are either deferred or not reported in the funds-real property taxes. 657,469 Long-term liabili ' _ are not due and payable in the current period are not report a funds. Accrued interest pay (329,190) General obligation bon ble (46,392,000) Compensated absences (383,523)Net pension asset-ERS -proportionate share 1,905,891 1 Net pension liability-PFRS-proportionate share (946,733) ,,,Total pension liability-length of service award program (1,835,993) ' otal OPEB liability (75,117,103) (123,098,651) Governmental funds report the effect of premiums, discounts, and refun d similar items when debt is first issued, whereas these amounts are deferred and amortized in the statement of activities. Deferred amount on refunding 398,893 Premium on general obligation bonds (2,169,504) (1,770,611) Net Position of Governmental Activities $ (36,263,081) See accompanying notes to financial statements. 16 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Statement of Revenue,Expenditures and Changes in Fund Balances-Gov- -I Year ended December 31,2022 Town S •on8 Outside Speci: ousing .ital Nonmajor Total General Villages D':r, Assistance Highway _ Governmental Governmental Revenue: Real property taxes S 6,264,270 10,018,635 ,33 - 5,392,662 - 29,459,100 Real property tax items 1,091,992 - - - - 1,091,992 Nonproperty tax items - 3,331,'."r - - - 786,638 4,118,620 Departmental income 3,097,984 693,:, 4,658 - - - 130,000 6,476,480 Intergovernmental charges 5,200 - - :66 - 538,495 - - 665,561 Use of money and property 628,116 - 2,984 26,753 - 109,994 828,391 Licenses and permits 62,507 1,111,082 - - - - 1,173,389 Fines and forfeitures 264,. 1,040 - - 265,465 Sale of property and compensation for loss 4,025 113,42: 2,867 95,368 669,099 944,176 State aid 2,4 - 51 - 48,659 454,677 - 2,931,674 Federal aid 63 5 65,811 , 516,150 479,653 - 9,406,738 Miscellaneous 173, - - 538 49,000 - 223,241 Total revenue 14,703,3- 15,207 784, 10,699,891 ; i76 327 6,618,625 1,652,429 1,026,632 57,585,036 Expenditures: �). General government support 4,007,464 d - - - - - 5,434,290 Public safety - 11 2,447,214 - - - - 9,618,925 Health 293,344 ',100 1,360,940 - - - - 1,743,384 Transportation 43,464 194 131,084 - 3,207,063 - - 3,401,805 Economic assistance and opportunity 440,341 - - - - - - 440,341 Culture and recreation 773,434 1, - - - - 4,199,027 Home and community services 2. 2,349,726 7,187,136 - - 675,872 10,553,430 Employee benefits - , 3 1,715,064 182,077 1,439,592 - - 10,258,213 Debt service: Principal - - - - 3,080,000 3,080,000 Interest - - - - - - 1,129,993 1,129,993 Capital outlay - - 8,283,179 - 8,283,179 Total expenditures 9,884,026 15,069,621 8,004,028 7,369,213 4,646,655 8,283,179 4,885,865 58,142,587 Excess(deficiency)of revenue o expenditures 4,619,22 138,163 2,695,863 307,114 1,971,970 (6,630,750) (3,859,233) (557,551) Other financing sources(uses): Bond issuance - - - - - 5,257,000 - 5,257,000 Issuance premium - - - - 2,080 336,726 338,806 Transfers in 282,070 689,520 - - - 3,808,379 4,162,174 8,942,143 Transfers out (3,288,057) (1,131,935) (3,298,020) - (979,556) (210,385) - (34,190) (8,942,143) Total other fin es( i (3,005,987) 042,415) (3,298,020) - (979,556) 8,857,074 4,464,710 5,595,806 Net change in fund balance 1,813,335 (304,252) (602,157) 307,114 992,414 2,226,324 605,477 5,038,255 Fund balances at beginning of year 8,159,723 7,183,I28 5,I16,029 897,713 1,111,977 8,232,757 3,672,489 34,373,816 Fund balances at end of year S 9,973,058 6,878,876 4,513,872 1,204,827 2,104,391 10,459,081 4,277,966 39,412,071 • See accompanying notes to financial statements. rV Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Reconciliation of the Statement of Revenue,Expenditures and Changes in Fund Balances-Governmental Funds to the Statement of Activities Year ended December 31,2022 may,, Net change in fund balances-Total Governmental Funds g $ 5,038,255 Amounts reported for Governmental Activities in the Statement of CPZ Activities are different because: ` Governmental funds report capital outlays as expenditures. However in the statement of activities, the cost of those assets is allocated lever their estimated useful lives and reported as depreciation expe Capital outlay $ 8,150,057 Disposals sag (1,371) Depreciation expense 3,338,883) 4,809,803 Revenues in the statement of activities that do not provide curren" financial resources are not reported as revenues in the funds - real property taxes (149,040) Bond proceeds provides current financial resources to governmental funds, but issuing debt increases long-term liabilities in the statement of net position. Repayment of bond principal is an expenditure in the governmental funds, but the repayment reduces long-term liabilities in the statement of net position. Also, governmental funds report the effect of premiums, di and similar items when debt is first issued, whereas these a .a re deferred and amortized in the statement of activities. General obligation bonds issued (5,257,000) Issuance premium (338,806) Principal paid on general obligation bonds 3,080,000 (2,515,806) Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds. �.r Accrued interest (84,499) Compensated absences (3,060) Changes in pension asset and related deferred outflows and inflows of resources-ERS 789,915 Changes in pension liability and related deferred outflows and inflows of resources-PFRS 938,322 Changes in pension liability and related deferred outflows and inflows of resources-LOSAP (88,373) Changes in total OPEB liability and related deferred outflows and inflows of resources 2,152,395 Amortization of loss on refunding bonds and issuance premium 98,815 3,803,515 Change in Net Position of Governmental Activities $ 10,986,727 See accompanying notes to financial statements. 18 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Statement of Fiduciary Net Position Custodial Fund December 31,2022 11° Assets: Cash and equivalents $10,358, 7 Investments 1,847,465 Real property taxes receivable for other govemm 52,022,050 Total assets $64,228,482 Liabilities-due to other governmentlloi $64,228,482 41(.4:40;1111111111111.1v See accompanying notes to financial statements. 19 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Statement of Changes in Fiduciary Net Position Custodial Fund Year ended December 31,2022 Additions-real property taxes collected for other gov is 178,524"(114k$ 6 Deductions-payments of real property taxes to other go enAip 178,522,026 Change in fiduciary net position Fiduciary net position at beginning of y,. - Fiduciary net position at end of year $ - 1111(:) See accompanying notes to financial statements. 20 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements December 31,2022 (1) Summary of Significant Accounting Policies The Town of Mamaroneck, New York (the Town) was esta. a d in 1661 and operates in accordance with Town Law and the various other applicable laws of the State of New York (the State). The Town Board is the legislative body responsible for overall operation. The Town Administrator serves as the chief executive o it -r and the Town Comptroller serves as the chief financial officer. The Town provides the el owing services to its residents: public safety, health, transportation, economic assistance and opportunity, culture and recreation, home and community services and general administrative support. The financial statements of the Town have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) as applied to governmental units and the Uniform System of Accounts as prescribed by the State. The Governmental Accounting Standards Board(GASB)is the accepted standard setting body for establishing governmental accounting and financial reporting principles. The Town's significant accounting policies are described below: (a) Financial Reporting Entity The financial reporting entity consists of a) the primary government, which is the Town, b) organizations for which the Town is financially accountable and c)other organizations for which tlknature and significance of their relationship with the Town are such that exclusion"would cause the reportin °tity's financial statements to be misleading or incomplete as set forth by GASB. In evaluating how to define the Town,Tor financial reporting purposes, management has considered all potential component units. The decision to include a potential component unit in the Town's reporting entity was made by applying the criteria set forth by GASB, including legal standing, fiscal dependency and financial accountability. Based upon the application of these criteria, the following individual component unit is included in the Town's reporting entity because of its operational and financial relationship with the Town. The Town of Mamaroneck Housing Authority(the Housing Authority)was organized in July 1992 as a municipal housing authority created and established under the Public Housing Law of the State to provide affordable housing. The members of the Housing Authority's Board are appointed by the Town Board and, therefore, the Town is considered able to ,e se its will on the Housing Authority. Bonds issued by the Housing Authority are anteed by the Town. Since the Housing Authority does not provide services entirely or almost entirely to the Town, the financial statements of the Housing Authority have been reflected as a discretely presented component unit. Complete financial statements of the component unit can be obtained from its administrative office at Town of Mamaroneck Housing Authority, 740 West Boston Post Road, Mamaroneck,New York 10543. 21 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (1) Summary of Significant Accounting Policies, Continued "' (b) Government-Wide Financial Statements The government-wide financial statements (i.e. the Statement of Net Position and the Statement of Activities)report information on all non-fid activities of the primary government as a whole and its component unit. The eff-" interfund activity has been removed from these statements. The Statement of Net Position presents the financial position of the Town at the end of its fiscal year. The Statement of Activities demonstrates the degree to which direct expenses of a given function or segment are offset by program revenue. Direct expenses are those that are clearly identifiable with a specific function or segment Program revenue include (1) charges to customers or applicants who purchase, use or directly benefit from goods or services, or privileges provided by a given function or segment and (2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other items not identified as program revenue are reported as general revenue. The Town does not allocate indirect expenses to functions in the Statement of Activities. Separate financial statements are provided for governmental funds and fiduciary funds, even though the latter is excluded from the government-wide financial statements. Major individual governmental funds are reported as separate columns in the fund financial statements. (c) Fund Financial Statements The accounts of the Town are organized and operated on the basis of funds. A fund is an independent fiscal and accounting entity with a self-balancing set of accounts, which comprise its assets, deferred outflows of resources, liabilities, deferred inflows of resources, fund balances, revenue and expenditures. Fund accounting segregates funds ccordin " eir intended purpose and is used to aid management in demonstrating Hance¢ mance related legal and contractual provisions. The Town maintains mum of funds consistent with legal and managerial requirements. The focu governni` d financial statements is on major funds as that term is defined in professional Aron cements. Each major fund is to be presented in a separate column, with nonmaj or funds aggregated and presented in a single column. Fiduciary funds are x = reported by type. Since the governmental fund statements are presented on a different measurement focus and basis of accounting than the government-wide statements' governmental activities column, a reconciliation is presented on the pages following, which briefly explain the adjustments necessary to transform the fund based financial statements into the governmental activities column of the government-wide presentation. The Town's resources are reflected in the fund financial statements in two broad fund categories,in accordance with GAAP as follows: 22 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (1) Summary of Significant Accounting Policies,Continued (c) Fund Financial Statements,Continued Fund Categories (1) Governmental Funds - Governmental Funds are those thr o "gh eh most general government functions are financed. The acquisition, use and balances of expendable financial resources and the related liabilities are accounted for through governmental funds. The following are the Town's major governmental funds: • General Fund-The General Fund constitutes the primary operating fund of the Town and is used to account for and report ancial resoures not accounted for and reported in another fund. * • Town Outside Villages Fund-The Town Outside Villages Fund is used to account for transactions, which by statute affect only those areas outside the boundaries of the villages located within the Town. The major revenues of this fund are real property taxes and non-property taxes. • Special Revenue Funds- Special revenue funds are used to account for and report the proceeds of specific revenue sources that are restricted, committed, or assigned to expenditures for specific purposes other than debt service or capital projects. The major special revenue funds of the Town are as follows: • Special Districts Fund-The Special Districts Fund is provided to account for the tion and maintenance of the Town's water, sewer, street lighting,refuse and bage, ambulance and fire protection. The major revenues of this fund are real property taxes and departmental income. tion$Housing Assistance Fund - The Section 8 Housing Assistance Fund is o account for resources received from the U.S. Department of Housing Development for housing assistance payment purposes. High . id - The Highway Fund is used to account for road and bridge maintena - = improvements as defined in the Highway Law of the State. The major reven= �of this fund is real property taxes. • Capital Projects Fund - The Capital Projects Fund is used to account for and report financial resources that are restricted, committed or assigned to expenditures for capital outlays,including the acquisition or construction of major capital facilities and other capital assets. The Town also reports the following nonmajor governmental funds. • Debt Service Fund - The Debt Service Fund is provided to account for and report financial resources that are restricted, committed or assigned to expenditures for principal and interest and for financial resources that are being accumulated for principal and interest maturing in future years. 23 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (1) Summary of Significant Accounting Policies,Continued (c) Fund Financial Statements,Continued • Special Revenue Fund - Tri-Municipal Cable T.V. <'-- is used to account for franchise fees collected and expenditures for the join _ ity cable T.V. operations. (2) Fiduciary Funds - The Fiduciary Funds are used t• st for assets held by the Town on behalf of others. The Custodial Fund is used t• • it for real property taxes collected for other governments. (d) Measurement Focus,Basis of Accounting and Financial Stateme esentation The accounting and financial reporting treatment is determined by the applicable measurement focus and basis of accounting. Measurement focus indicates the type of resources being measured such as current financial resources (current assets less current liabilities) or economic resources (all assets and 1i 'ties). The basis of accounting indicates the timing of transactions or events for recognition in the financial statements. The government-wide fmancial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the Fiduciary funds. Revenue is recorded when earned and expeS' - orded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenue in the year for which they are Levi . Grants and similar items are recognized as revenue as soon as all eligibility requirementsimposed by the provider have been met. Governmental fund financial statements are reported using the current fmancial resources measurement focus And the modified accrual basis of accounting. Revenue is recognized when they have been earned and they are both measurable and available. Revenue is considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. Property taxes are considered to be available if collected within sixty days of the fiscal year end. If expenditures are the prime factor for determining eligibility, revenue from Federal and State grants are recognized as revenue when the expenditure is made and the amounts are expected to be collected 'thin one year of the fiscal year end. A ninety-day availability period is generally ed for revenue recognition for most other governmental fund revenues. Fees and other `milar revenue is not susceptible to accrual because generally they are not measurable until received in cash. Expenditures generally are recorded when a liability is inc .as under accrual accounting. However, debt service expenditures, as well as e es related to compensated absences,net pension liability,total pension liability .is er postemployment benefit(OPEB)liability are recognized later based on specific ounting rules applicable to each,generally when payment is due. General capital asset acquisitions are reported as expenditures in governmental funds. Issuance of long-term debt and acquisitions under capital leases are reported as other financing sources. 24 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements, Continued (1) Summary of Significant Accounting Policies,Continued ,44 (d) Measurement Focus,Basis of Accounting and Financial Statement Presentation, Continued Component Units Component units are presented on the basis of accounting that most accurately reflects their activities. The Housing Authority is accounted for o ' , accrual basis of accounting. (e) Cash and Equivalents, Investments and Risk Disclo • • Cash and Equivalents - Cash and equivalen ; consist of funds deposited in . : .i d deposit accounts, time deposit accounts and short-term investments with o`ginal maturities of less than three months from the date of acquisition. The Town's deposits and investment policies are governed by State statutes. Town has adopted its own written investment policy which provides for the deposit of funds in Federal Deposit Insurance Corporation(FDIC) insured commercial banks or trust companies located within the State. The Town is authorized to use demand deposit accounts,time deposit accounts and certificates of deposit. Collateral is required for demand deposit accounts, time deposit accounts and certificates of deposit at 100% of all deposits not covered by FDIC insurance. The Town has entered into custodial agreements with the various banks which hold their deposits. These agreements authorize the obligations that may be pledged as collateral. Such obligations include, among other instruments, obligations of the United States and its agencies and obligations of the State and its municipal and school district subdivisions. • Investments - Permissible investments include obligations of the U.S. Treasury, U.S. Agencies, repurchase agreements and obligations of the State or its political subdivisions. The Town follows the provisions of GASB Statement No. 72 - "Fair Value 444 Measurement and Application," which defines fair value and establishes a fair value hierarchy organized into three levels based upon the input assumptions used in pricing assets. Level 1 inputs have the highest reliability and are related to assets with unadjusted quoted prices in active markets. Level 2 inputs relate to assets with other than quoted prices in active markets which may include quoted prices for similar assets or liabilities or other inputs which can be corroborated by observable market data. Level 3 inputs are unobservable inputs and are used to the extent that observable inputs of exist. tea . 25 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued f 1) Summary of Significant Accounting Policies,Continued (e) Cash and Equivalents,Investments and Risk Disclosure,Contin - The Town participates in the New York Cooperative ' -curities System (NYCLASS), a cooperative investment pool,establi aursuant to Articles 3A and 5G of General Municipal Law of the State of N o . NYCLASS has designated Public Trust Advisors, LLC as its register estment advisor. Public Trust Advisors,LLC is registered with the Securities d Exchange Commission(SEC),and is subject to all of the rules and regulatiotfi of an investment advisor handling public funds. As such,the SEC provides regulatory oversight of NYCLASS. The pool is authorized to invest in various securities issued by the United States and its agencies, obligations of the State and repurchase agreements. These investments are reported at fair value. NYCLASS issues separately available audited financial statements with a year end of June 30th. The Town's position in the pool is equal to the value of the pool shares. The maximum maturity for any specific investment in the portfolio is 39'7°days. NYCLASS is rated AAAm by Standard & P•.. 's. Local government investment cooperatives in this rating category meet the hi s st standards for credit quality, conservative investment policies . . - . of principal. The cooperative invests in a high quality portfolio of roves _ permissible for municipalities and school districts in the State. A, •nal info 1, in concerning the cooperative is presented in the annual report of r w ASS,whi• ay be obtained from Public Trust Advisors,LLC,717 17th Street, Suite 1850,Deli', ,CO 80202. Investments of the Fire Pection District are stated at fair value. The amounts are invested in various portfolios by the trustee of the Fund,who has been designated by the State Comptroller. These investments are unrated. The Town has no formal policy relating to interest rate or credit risk for the Fire Protection District's Investments. Investments of the Housing Authority consist of negotiable certificates of deposit and money market funds. Investments are stated at cost, which approximates fair value. The investments are not subject to risk categorization. • Interest Rate Risk-Interest rate risk is the risk that the government will incur losses in fair value caused by changing interest rates. The Town does not have a formal investment policy that limits investment maturities as a means of managing its 4 .r,- posure to fair value losses arising from changing interest rates. Generally,the Town does not invest in any long-term investment obligations. 26 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (1) Summary of Significant Accounting Policies,Continued (e) Cash and Equivalents,Investments and Risk Disclosure,Continued • Custodial Credit Risk - Custodial credit risk is the risk that in the event of a bank failure, the Town's deposits may not be returned to it. GASB Statement No. 40 - "Deposit and Investment Risk Disclosures - an ame i•.tent of GASB Statement No. 3,"directs that deposits be disclosed as exposed todial credit risk if they are not covered by depository insurance and the : sits are either uncollateralized, collateralized by securities held by the ple• '_' s ancial institution or collateralized by securities held by the pledging finan t tution's N t department but not in the Town's name. The Town's aggre• •ank balan t were not covered by depository insurance were not expose' todial • risk at December 31,2022. • Credit Risk- Credit risk is the risk that an ether counterparty will not fulfill its specific obligation even without the entity •lete failure. The Town does not have a formal credit risk policy other than restn• o obligations allowable under General Municipal Law of the State. • Concentration of Credit Risk- Concentration of credit risk is the risk attributed to the magnitude of a government's investments in a single issuer. The Town's investment policy limits the amount on deposit at each of its banking institutions. (f) Taxes Receivable Real property taxes attach as an enforceable lien on real property and are levied on January 1st. The Town collects county, town, highway and special district taxes, which are due April 1st and payable without penalty to April 30th. School districts taxes are levied on July 1st and are due on September 1st, with the first half payable without penalty until September 30th and the second half payable without penalty until January 31 st. The Town guarantees the full payment of the County and school districts warrants and assumes the responsibility for uncollected taxes. The Town also has the responsibility for conducting in-rem foreclosure proceedings. The Town functions in both a fiduciary and guarantor relationship with the County of Westchester, New York, and the various school districts located within the Town with respect to the collection and payment of real property taxes levied by such jurisdictions. County taxes are included in the Town's levy and are payable without penalty for thirty days. The County Charter provides for the Town to collect County and school districts taxes. d remit them as collected to the respective municipality. However,the Town must remit to the County sixty percent of the amount levied by May 25th and satisfy the balance „. 4 rty percent by October 15th. With respect to school districts taxes, the Charter vides that the Town satisfy the warrant of each school district by April 5th. Thus,the Town's fiduciary responsibility is from the date of the levy until the due date of the respective tax warrant at which time the Town must satisfy its obligations regardless of the amounts collected. County and school districts taxes collected prior to the satisfaction of the respective warrants are considered a fiduciary activity under the provisions of GASB Statement No. 84 - "Fiduciary Activities,"and therefore have been accounted for within the Custodial Fund. 27 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (1) Summary of Significant Accounting Policies, Continued (g) Other Receivables Other receivables include amounts due from other governme in duals for services provided by the Town. Receivables are recorded and rev s recognized asnearned or as specific program expenses/expenditures are incurr *Allowances are •ed when appropriate. (h) Due From/To Other Funds During the course of its operations, the Town has numerous transactions between to finance operations, provide services and construct assets. -To the extent that certain transactions between funds had not been paid or received as of December 31, 2022, balances of interfund amounts receivable or payable have been recorded in the fund financial statements. (i) Inventory There are no inventory values presented on the balance sheet of the respective funds of the Town. Purchases of inventoriable items at various locations are recorded as expenditures at the time of purchase and year-end bal. 1'- • .tions are not material. (j) Prepaid Expenses/Expenditures Certain payments to vendors reflect co-- applicable to future accounting periods, and are recorded as prepaid items using the consumption method in both the government-wide and fund financial statements. Prepaid expenses/expenditures consist of costs which have been satisfied prior to the end of the fiscal year, but represent amounts which have been provided for in the subsequent year's budget and/or will benefit such periods. Reported amounts in governmental funds are equally offset by nonspendable fund balance, which indicates that these amounts do not constitute"available spendable resources"even though they are a component of current assets. (k) Restricted Assets The Housing Authority's restricted assets include rent security deposits required from tenants according to the tertas of the lease agreements. In addition, certain proceeds from the Housing Authority revenue bonds,as well as certain other resources,are set aside pursuant to the terms of the bond indenture. Capital Assets apital assets,which includes land,buildings,equipment and infrastructure assets(e.g.,roads, b•'f.es, sidewalks and similar items), are reported in the governmental activities column e government-wide financial statements. Capital assets are defined by the Town as t.sets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation. Acquisition value is the price that would be paid to acquire an asset with equivalent service potential on the date of the donation. 28 Town Board April 19, 2023 Attachment C (Cont'd) • TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (1) Summary of Significant Accounting Policies,Continued (1) Capital Assets,Continued In the case of the initial capitalization of general infrastructure assets (i.e.,those reported by governmental activities), the Town chose to include all":4 11 items regardless of their acquisition date or amount. The Town was able t• ate the historical cost for the initial reporting of these assets through back ig (i.e., estimating the current replacement cost of the infrastructure to be c �r , ° ed and using an appropriate price- level index to deflate the cost to the acquisi or estim ed acquisition year). Major outlays for capital assets and improve e capital'.. P. :s projects are constructed. The cost of normal maintenance and rep. ; - do _; t to the value of the asset or materially extend assets lives is not capitalize 4. Land and construction-in-progr ss are not depree- Buildings, equipment and infrastructure of the To E `1,,-•reciated using �' aight-line method over the following estimated useful 1 a ae Life Class in Years Buildings-laid improvements t?. ` 20-50 Machinery and+ uipment 5 -20 Infrastructure ' 30 -50 The co -ociated with the acquisition or construction of capital assets are shown as capital ` expenditures on the governmental fund financial statements. Capital assets are not sh the governmental funds' balance sheet. (m) Unearned Unearned rev - 'se when assets are recognized before revenue recognition criteria have been satisfie overnment-wide financial statements, unearned revenue consist of amounts receiv dvance and/or grants received before the eligibility requirements ` have been met Y1 =' Unearned revenue in the fund financial statements are those where asset recognition criteria have been met,but for which revenue recognition criteria have not been met. The Town has reported unearned revenue of$528,654 of American Rescue Plan Act Coronavirus State and Local Fiscal Recovery Funds that are unspent, $186,343 for parking permits received in advance and$3,295 of miscellaneous items in the General Fund, $71,573 for g permits received in advance in the Town Outside Villages Fund,and$385,182 for I to and Federal aid received in advance in the Capital Projects Fund. This amount has been deemed to be measurable but not"available"pursuant to GAAP. 29 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements, Continued (1) Summary of Significant Accounting Policies,Continued , (n) Deferred Outflows/Inflows of Resources Deferred outflows of resources represents a consumption of ne on that vplies to a future period and so will not be recognized as an outflow of ces (expense/expenditure) until then. The Town has three items that qualify fo ,orting in this category. The first item is related to pensions reported in the Statem ' et Position. This represents the effect of the net change in the Town's proportio e collective net pension liability and difference during the measurement period b . een the To 's contributions and its proportion share of total contributions to the pension s_ not included in pension expense as well as the Town's contributions to the p n,.. systems subsequent to the measurement date. The second item is related to OPE ported in the Statement of Net Position. This represents changes of assumptions in the calculation of the liability. The third item relates to the Town's deferred charge on refunding resulting from the difference in the carrying value of the refunded debt and its acquisition. Deferred inflows of resources represents an acquisition of net position that applies to a future period and so will not be recognized as an inflow of resources (revenue) until that time. The Town has three items that qualify for reporting in this category. The first is related to pensions reported in the Statement of Net Position. This represents the effect of the net change in the Town's proportion of the collective net pension liability and difference during the measurement periods between the Town's contributions and its proportional share of total contributions to the pension systems not included in the pension expense. The second item represents differences between expected and actual experience related to the OPEB. The third item is reported on the Balance Sheet - Governmental Funds and relates to unavailable tax revenue for receivables not collected within 60 days of year end. (o) Long-Term Liabilities In the government-wide financial statements, long-term debt and other long-term liabilities are reported as liabilities in the Statement of Net Position. Bond premiums and discounts are deferred and amortized over the life of the bonds. Bonds payable are reported net of the applicable bond premium or discount. Bond issuance costs are expensed as incurred. In the fund financial statements,governmental funds recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds , ved,are reported as expenditures. 30 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (1) Summary of Significant Accounting Policies,Continued f p) Compensated Absences The various collective bargaining agreements provide for the payment of accumulated vacation and sick leave upon separation from service. The liability for such accumulated leave is reflected in the government-wide Statement of Net Position as long-term liabilities. A liability for these amounts is reported in the governmental funds only if the liability has matured through employee resign ' or retirement. The liability for compensated absences includes salary related 'ts,where applicable. (q) Net Pension Liability The net pension liability represents the Towns, ortionate f the net pension liability of the New York State and Local Employe eme tern and the New York State and Local Police and Fire Retirement Syste cial reporting of these amounts are presented in accordance with the provisions o Statement No.68-"Accounting and Financial Reporting for Pensions"and GASB nt No. 71 -"Pension Transition for Contributions Made Subsequent to the Measureme -An Amendment of GASB Statement No. 68." t �< (r) Total Pension Liability -Length of Service Awards Program The financial reporting of these amounts are presented in accordance with the provisions of GASB Statemen#moo.73 -"Accounting and Financial Reporting for Pensions and Related Assets That Are Not Within the Scope of GASB Statement No. 68,and Amendments to Certain Provisions of GASB Statements No. 67 and 68." (s) Postemployment Benefits In addition to providing pension benefits, the Town provides health insurance coverage for retired employees and their dependents. Substantially all of the Town's employees may become eligible for these benefits if they reach normal retirement age and retire under the New Yot„ . tate and Local Employees' Retirement System while working for the Town. a cost .ti 'ding postretirement benefits is shared between the Town and the retired ` yee. wn recognizes the cost of providing health insurance by recording its sh insur ,-miums for retirees and their dependents, as an expenditure in the 7 year (t) Net Positio Net Positio resents the difference between assets and deferred outflows of resources less liabiliti # `, d deferred inflows of resources. Net position is comprised of three comp s: vestment in capital assets - consists of capital assets, net of accumulated y reciation/amortization and reduced by outstanding balances of bonds and other debt fiat are attributable to the acquisition, construction, or improvement of those assets. Deferred outflows of resources and deferred inflows of resources that are attributable to the acquisition, construction, or improvement of those assets or related debt are also included in this component of net position. 31 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (1) Summary of Significant Accounting Policies,Continued (t) Net Position,Continued Restricted net position - consists of restricted assets reduce. ities and deferred inflows of resources related to those assets. Assets ay •rte• estricted when constraints are placed on asset use either through the en.` .g legisl• .pted by the Town or through external restrictions imposed reditors, granto laws or regulations of other governments. Restricted net .n for the Town inclu. .tricted for special purpose trusts,special revenue fun.• tal projects and debt servi Unrestricted-net position is the net amo . .ua assets,d-. ed outflows of reso.4 ces, liabilities, and deferred inflows of reso ,.t does n• the definition of the two preceding categories. (u) Fund Balances Generally, fund balance represents the difference -n current assets and deferred outflows of resources and c .ilities and defe p ows of resources. In the fund financial statements, gove '. report fun. 'fications that comprise a hierarchy based primarily on exte. e To . . sound to honor constraints on the specific purposes for h amo • .ds can be spent. Under this standard the fund balance class ion • fo Nonspe • •a balance - amounts that cannot be spent because they are eithe . , ble form -ntories, prepaid amounts, long-term receivables, ad =`s) or the legally o •tractually required to be maintained intact (the s of a pe t fund), 'cted -.o -d when constraints placed on the use of the Nr .. p• ors, contributors, laws or regulations of other go or imposed by law through enabling legislation. Enabling legislation inclu. :ally enforceable requirement that these resources be used only for the cific . es as provided in the legislation. This fund balance classification is to rep. •s that are restricted for debt service obligations and for other items c. ,ed in eral Municipal Law of the State. Co ed fund balance - is reported for amounts that can only be used for specific p • pursuant to formal action of the entity's highest level of decision making au . The Town Board is the highest level of decision making authority for the T, at can, by the adoption of a resolution prior to the end of the fiscal year, 't fund balance. Once adopted, these funds may only be used for the purpose ecified unless the Town Board removes or changes the purpose by taking the same action that was used to establish the commitment. This classification includes certain amounts established and approved by the Town Board. 32 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (1) Summary of Significant Accounting Policies,Continued Su) Fund Balances,Continued Assigned fund balance-represents amounts constrained either ypolicies of the Town Board for amounts assigned for balancing the subsequent year's budget or the Town Supervisor for amounts assigned as encumbrances. Unlike commitments,assignments generally only exist temporarily,in that additional action does not normally have to be taken for the removal of an assignment.An assignment cannot result in a deficit in the unassigned fund balance in the General Fund. Assigned fund balance in all funds except the General Fund includes all remaining amounts, -;;.cept for negative bal4nces, that are not classified as nonspendable and are neither � z ted nor committed. Unassigned fund balance - represents amounts not classified as nonspendable, restricted,committed or assigned. The General Fund is the only fund that would report a positive unassigned fund balance. For all governmental funds other than the General Fund,any deficit fund balance is reported as unassigned. In order to calculate the amounts to report as restricted and unrestricted fund balance in the governmental fund financial statements,a flow assumption must be made about the order in which the resources are considered to be applied. When both restricted and unrestricted amounts of fund balance are available for use for expenditures incurred, it is the Town's policy to use restricted amounts first and then unrestricted amounts as they are needed.For unrestricted amounts of fund balance,it is the Town's policy to use fund balance in the following order:committed,assigned and unassigned. (v) Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported revenues and expenses during the reporting period. Accordingly, actual results could diner from those estimates. Estimates and assumptions are made in a variety of areas, including compensated absences, other postemployment benefits, potential contingent liabilities and useful lives of long-lived assets. (w) Accounting Standards Issued But Not Yet Implemented GASB has issued the following pronouncements which will be implemented in the years required. The effects of the implementation of these pronouncements are not known at thi . t No. 94- Public-Private and Public-Public Partnerships and Availability Payment . gements. Effective for fiscal years beginning after June 15,2022. Statement No. 96- Subscription-Based Information Technology Arrangements. Effective for fiscal years beginning after June 15,2022. Statement No. 99 - Omnibus 2022. Effective for various periods through fiscal years beginning after June 15,2023. 33 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (1) Summary of Significant Accounting Policies,Continued (x) Encumbrances In governmental funds,encumbrance accounting,under which purchase orders,contracts and other commitments for the expenditure of monies are ded in order to reserve applicable appropriations, is generally employed as . =nsion of formal budgetary integration in the General, Town Outside Villages, way, Special Districts and Tri- Municipal Cable T.V. funds. Encumbrances • •uu ding at year-end are generally reported as assigned fund balance since they •nstitute expenditures or liabilities. (y) Subsequent Events The Town has evaluated subsequent events s i e date ' -port which is the date the financial statements were available to be is On February 9, 2023, the Town adopted a resolut ii b`"guarantee a revenue bond in the amount of$2,800,000 that the Housing Authority is going to issue. On March 15, 2023, the Town adopted a resolution, effective .4y 1, 2023, to transfer the administration of the Housing Choice Voucher Program to th ew York State Division of Housing and Community R-E.-wal. (2) Stewardship,Compliance and Accounta• (a) Budgetary Data The Town generally follows the procedures e numerated below in establishing the budgetary data reflected in the financial statements, • Prior to-October 20th, the head of each administrative unit shall submit to the budget officer an estimate of revenues and expenditures for such administrative unit for the ensuing year. • The budget officer, upon completion of the review of the estimates, shall prepare a tentative budget and file such budget in the office of the Town Clerk on or before October 30th. • On or before November 10th, the Town Clerk shall present the tentative budget to the Town Board. • The Town board shall review the tentative budget and may make such changes,alterations and revisions as it shall consider advisable and which are consistent with law. Upon • :,etion of such review,the tentative budget and any modifications as approved by the Board shall become the preliminary budget. • •n or before December 10th, the Town Board shall hold a public hearing on the preliminary budget. • After the public hearing, the Town Board may further change, alter and revise the preliminary budget subject to provisions of the law. • The preliminary budget as submitted or amended shall be adopted by resolution no later than December 20th. 34 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (2) Stewardship,Compliance and Accountability,Continued .41111 (a) Budgetary Data,Continued • Formal budgetary integration is employed during the year as a management control device for General, Town Outside Villages, Highway, Special Districts, Tri-Municipal Cable T.V.and Debt Service funds. • Budgets for General, Town Outside Villages,Hig� pecial Districts, Tri-Municipal Cable T.V.and Debt Service funds are legally ad, annually on a basis consistent with generally accepted accounting principles. sital Projects Fund is budgeted on a project basis.Annual budgets are not adopted b the Town : d for the Special Purpose funds since other means control the use of these reso (e.g., grant awards) and sometimes span a period of more than one fiscal year. • The Town Board has established legal control o •udget at the function level of expenditures. Transfers between appropriation accounts, at the function level, require approval by the Town Board. Any modifications to appropriations resulting from an increase in revenue estimates or supplemental reserve appropriations also require a majority vote by the Board. • Appropriations in General, Town Outside Villages, Highway, Special Districts, Tri- Municipal Cable T.V. and Debt Service funds lapse at the end of the fiscal year, except that outstanding erambrances are reappropriated in the succeeding year pursuant to the Uniform System of Accounts promulgated by the Office of the State Comptroller. Budgeted amounts are as originally adop x or as amended by the Town Board. (b) Property Tax Limitation Under New York State Town Law,the Town is not limited as to the maximum amount of real property taxes which may be raised. However, Chapter 97 of the New York State Laws of 2011, as amended (Tax Levy Limitation Law) modified previous law by imposing a limit on the amount of real property taxes a local government may levy. The following is a ief summary of certain relevant provisions of the Tax Levy Limitation Law. The SUMMalt is not complete and the full text of the Tax Levy Limitation Law should be read in order to understand the details and implementations thereof The Tax Levy Limitation Law imposes a limitation on increases in the real property tax levy, subject to certain exceptions. The Tax Levy Limitation Law permits the Town to increase its overall real property tax levy over the tax levy of the prior year by no more than the "Allowable Levy Growth Factor,"which is the lesser of one and two-one hundredths or e of one plus the Inflation Factor;provided,however that in no case shall the levy factor be less than one. The"Inflation Factor"is the quotient of: (i)the average f the National Consumer Price Indexes determined by the United States Department of Labor for the twelve-month period ending six months prior to the start of the coming fiscal year minus the average of the National Consumer Price Indexes determined by the United States Department of Labor for the twelve-month period ending six months prior to the start of the prior fiscal year, divided by (ii) the average of the National Consumer Price Indexes determined by the United States Department of Labor with the result expressed 35 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (2) Stewardship,Compliance and Accountability,Continued (b) Property Tax Limitation,Continued as a decimal to four places, The Town is required to cal its ' vy limit for the upcoming year in accordance with the provision a and provide all relevant information to the New York State Comptroller p '' • adopting its budget. The Tax Levy Limitation Law sets forth certain exclusions }' .- real property tax levy limitation of the Town, including exclusions for certainport'I of the expenditures for retirement system contributions and tort judgments pa le by the Town. The Town Board may adopt a budget that exceeds the tax levy limit for the coming fiscal year,only if the Town Board first enacts,by a vote of at least sixty percent of the total voting power of the Town Board,a local law to override such limit for such coming fiscal year. (3) Taxes Receivable Taxes receivable at December 31,2022 consisted of the following: Town and County taxes-Current $ 185,091 Tax liens 1,193.106 1,378,197 Allowance for un § ounts (710,028) $ 668,169 Taxes receivable are also partially offset by deferred tax revenues of$657,469,which represents an estimate of the taxes receivable which will not be collected within the first sixty days of the subsequent year. (4) Capital Assets Changes in the Town's capital assets for the year ended December 31,2022 are as follows: Balance Balance January 1, December 31, 2022 Additions Deletions 2022 Capital assets,not being depreciated: Land $ 4,031,660 - - 4,031,660 Construction-in-progress 2.833.589 930,937 387,485 3,377,041 Total capital assets,not being Depreciated 6.865,249 930,937 387,485 7,408,701 Capital assets,being depreciated: Buildings and improvements 32,798,874 1,361,376 69,106 34,091,144 Machinery and equipment 17,280,147 1,435,198 681,972 18,033,373 Infrastructure 51,808.049 4,810.031 - 56.618.080 Total capital assets, being depreciated 101.887,070 7,606,605 751,078 108,742,597 36 Town Board April 19, 2023 Attachment C (Cont'd) • TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (4) Capital Assets,Continued Balance Balance January 1, December 31, 2022 Additions Deletions 2022 Less accumulated depreciation for: Buildings and improvements $ 10,913,206 1,133 ', 68,235 11,978,779 Machinery and equipment 11,558,900 1,1 i t 681,472 12,005,728 Infrastructure 22,979,354 1 .r;� 5 - 24,056,129 ve g Total accumulated depreciation 45,451,460 °,338,883 749,707 48,040,636 Total capital assets, l' being depreciated,net 56,435,610 " _67 7 , 1,371 60,701,961 Capital assets,net $ 63,300,859 i' 388,856 68,110,662 Depreciation expense was char e Town's functie #_• programs as follows: General government support 'Ai -_. $ 413,865 Public safety 817,585 Transportation 1,208,312 Economic assistance and opportune 88,452 Culture and recreation 368,833 Home and community services 441,836 Total depreciation expense $ 3,338,883 Capital Assets- Component Unit Changes in the Housing Authority's capital assets for the year ended December 31,2022 are as follows: Balance Balance `` January1 December 31, 4' 20 Additions Deletions 2022 „„1„,`,—{$ Capital asse '}, eing depreciated construction ess $ -- - 1 , - Capital assets,be preciated: , .:,ovements 6,893,905 :zhBuildings and Machinery an a &'ipment 764,550 - _ - {' Total c.;� •SA assets,being de= ed 7,658,455 = - 0, e r Le'',, End depreciation for: N s and improvements 4,390,188 Ma` ery and equipment 650,234 = - Total accumulated depreciation 5,040,422 - _ - Total capital assets,being depreciated,net 2,618,033 = = - Capital assets,net $ 2,618,033 _ 37 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (5) Accrued Liabilities Accrued liabilities at December 31,2022 were as follows: : Town Secti." Outside Special g General Villages Districts g 'ace Highway Prod s';:; Total Payroll and employee benefits $ 54,159 155,894 76,9 , e3 1,367 18,601 - x ,,981 Other 5,313 - 239 - 838.820 72 $ 59,472 155,894 1,60. `" :,601 838,820 1,152,853 (6) Joint Ventures The Town and the Village of Larchmont(the Village)participate in the Larchmont-Mamaroneck Joint Garbage Disposal Commission. The purpose of the joint venture is to provide incineration of garbage and refuse from the Village and the Town Garbage District. The following is a summary of the financial information included in the audited financial statements of the joint venture. Balance Sheet D 1-cember 31,2021 Total asse $ 1,557,039 Deferr- g4ows or resources 4,202,074 Total _; ities 12,632,577 Deferred inflows of resources 2,939,104 Net position(deficit) (9,812,568) Revenue 3,693,554 Expenses 4,141,436 Change in net position (447,882) *The December 31, 2022 information was not available as of the date of the issuance of these financial statements. The Town, together with the Village and the Town and Village of Harrison, participate in the Westchester Joint Water Works. The purpose of the joint venture is to acquire, construct, provide,maintain and operate a water works system. The following is a summary of financial information included in the audited financial statements of the joint venture. 38 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (6) Joint Ventures,Continued Capital I d Fund Balance Sheet Date-December 31,2021 Total assets 4 11,688,959 6,731 70 Total liabilities 10 9,674 Net capital(deficit) (58,420,715) 85,5- Revenue 2..680,788 Expenses . '49,443 9,696 Change in net assets ,468,655) (9,696) *The December 31, 2022 information was not available as of the date of the issuance of these financial statements. The Town,together with the Villages of Miunaroneck and Larchmont,formed the Tri-Municipal Larchmont-Mamaroneck Cable T.V. Board of Control. The 11.oard was organized to administer the franchise agreement with Verizon and LTA-Columbia Cablevision of Westchester. The franchise fees received are used to operate three public cable T.V.channels, serving the community interests of Mamaroneck. The Village of Larchmont is no longer part of the joint venture.— — The following is a summary of financial information included in the audited fmancial statements of the Larehmont-Mamaroneck Community Television joint venture. Balance Sheet Date-December 31,2021 Total assets $ 359,457 Total liabilities 26,450 Net assets 333,007 -nue 891,795 .'uses 728,486 Change in net assets 163,309 *The December 31, 2022 information was not available as of the date of the issuance of these financial sta - `'-nts. 39 Town Board April 19, 2023 Attachment C (Cont'd) • TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (7) Long-Term Liabilities The following table summarizes changes in the Town's long-te 1 h the year ended December 31,2022: Balance Due January 1, Dece•. =-1, Within 2022 : es Decreases 2022 L - Year Governmental activities: General obligation bonds payable $ 44,21 5,257,000 3 180,000 46,392,000 3 ' ,000 Plus unamortized premium on bonds 1 • 338,806 1,179 2,169,504 149.378. 46 1• 5 595 : .,220.179 48.561,504 3,441.378 Other noncurrent liabilities: Compensated absences 380,463 •I - 383,523 Net pension(asset)-ERS 22,138 - 1,928,029 (1,905,891)Net pension liability-PFRS 2,694,473 1,747,740 946,733 - Total pension liability-length of service award program '40 3,007 1,835,993 - Total OPEB liability 9 . - /38,308 75,117,103 - Total other non-current liabilities 104 3° 27.927.084 76,377.461 - Governmental acti • •ng-term liabilit $ 1 31,147,263 124,938,965 3,441,378 Mamaroneck Ho r` Component 4., 485,000 Revenue ' •ayable - Plus • . • premium• .ds 85,000 Deferred :•le 91,702 Component . •-rm liabilities $ 576,702 u en . ' liability for compensated absences,net pension liability,total pension lia• s to . liability are liquidated by the respective fund. Governmental liabiliti- gene . 'ation bonds are liquidated by the Debt Service Fund, which is funded b Gene . Town Outside Villages, Highway and Special Districts funds. Governmental liabilities for installment purchase debt are liquidated by the Special Districts Fund-Ambulance District. 40 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements, Continued (7) Long-Term Liabilities,Continued (a) General Obligation Bonds Payable General Obligation Bonds payable at December 31, 2022 are comprised of the following individual issues: Amount Original Outstanding at Year of Issue Interest December 31, Purpose Issue Amount ` I 1 Rates 204. Fire district improvements 2013 996,000 May,2026 a: .590% 340,000 Fire district improvements 2016 2,185,000 July,2031 .i 00-3.000% 1,370,000 Public improvements 2016 8,990,845 October,2036 2.000- 2.300% 6,600,000 Refunding bonds 2017 7,040,000 March,2030 2.000-2.350% 4,545,000 Public improvements 2018 ,815,500 December, 3.000- 5.000% 4,885,000 Public improvements 2018 ;1,400,000 December,2038 400- 5.000% 1,175,000 Fire district improvements 2019 3,830,000 September,2039 y ' - 5.000% 3,435,000 Fire district improvements 2019 2,470.000 September,2039 2..00- 5.000% 2,210,000 Public improvements 2020 3,385000 August,2035 1.000- 5.000% 3,045,000 Refunding bonds 2020 8, '00 May,2028 0.650-2.000% 7,735,000 Public improv- 021 6,1$ August,2040 1.375- 5.000% 5,795,000 Public imp •, ilk. 2 4,17 October,2042 4.000-5.000% 4,175,000 Fire d'• •vemenls ►2 1,082,1 October,2037 4.000-5.000% 1,082,000 $ 46,392,000 Interest e tunes of$1,129,993 we e recorded in the fund financial statements in the Debt ervice •, Interest expense of $1,115,677 was recorded in the government-wide ial statements for governmental activities. In 20 - own is wo bonds payable totaling$5,257,000. The public improvements bond 175,000 ; s issued on October 4, 2022, with an interest rate of 4.0% - 5.0% and the u received a premium of$250,839. The fire district improvements bond of $1,082,1 . issued on October 4, 2022, with an interest rate of 4.0% - 5.0%and the Town r, ed a premium of$87,967. 41 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (7) Long-Term Liabilities,Continued (b) Payments to Maturity The annual requirements to amortize all bonded debt outstanding as of December 31, 2022 are as follows: Year ending Principal Interest 2023 $ 3,292,000 1, 4 2024 385,000 1,17 , 2025 75,000 1,077,3 2 2026 .,585,000 978,007 2027 3,575,000 874,107 2028 -2032 15,420,000 2,912,587 2033 -2037 10,985,000 1,186,729 2038 -2042 2,675,000 213,603 92,000 9,704,830 The above general obligation bonds are direct : • the own for which its full faith and credit are pledged and are payable from taxes I="'• all taxable real property within the Town. Upon default of the payment of principal or interest on the serial bonds the bond holders have the right to litigate. (c) Indebtedness-Compone nit Bonds payable at Dece 31,2022 is comprised of the following: Amount Original Outstanding at Year of Issue Final Interest December 31, Purpose Issue Amount Maturity R@1A 2022 Park Apartments,Series B 2015 $650,000 October 2035 3.00-3.50% $ The .. requirements to amortize the bonds outstanding as of December 31, 2022 incl terest pays tents of$ are as follows: Year ending -mber 31 Principal Interest Total 2 $ 30,000 14,194 44,194 30,000 13,294 43,294 5 30,000 12,394 42,394 026 30,000 11,494 41,494 2027 2028 -2032 2033 -2036 - - - 42 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (7) Long-Term Liabilities, Continued (c) Indebtedness-Component Unit,Continued The revenue bonds are payable from the revenues received by the r •uthority from the operation of the project. The Town has guaranteed paymen •• •al and interest. The bonds are subject to redemption prior to maturity a e directio •e Housing Authority and with the consent of the Town, upon currence of one %re of the following events. 1) The Project is damaged or destroyed to the e•' a at;a)it cannot be reasonably ed within a six month period or b)the Hous'. •thority wo •ereby be prevente a from carrying on the normal rental operations •roject, • 'sted prior to the damage, for a period of six months or more. 2) Title to,or the use of or possession of,all or sub y the entire project is condemned or taken under the exercise • the power of e domain by any governmental authority. Under this extraordinary redemp. •ro• sonds are . to redemption as a whole at any time, but not in part, redem•• -•ual • 100% of the outstanding principal amount thereof with. isco gel. accrued interest to the date of redemption. At the option r • Author - 2015 Series B bonds maturing on or after October 15, 20 be sub` to redemp •rior to maturity on any date on or after October 15, The bond 'y be redee 'ther as a whole or in part and if in part in order o• 'ty and in ,•ount within 'ty, at the following redemption prices, plus ac r terest •n. edemption Peno• Redemption Price (Dates Inclusive) as a Percentage of Par tober 15,2024 100% 8 Deferred Re• able The Authority 1 s the land on which the facility is located from the Town. The terms of the lease is 30 s and six months which commenced in July 1995 and expires in December 2023. •- was$1 for the period July 1, 1995 through June 30, 1996. Beginning July 1, 96, it was increased to$125,000 per year and shall increase by 1.5%on each July 1st, during the term of the lease. For cial statement purposes,rent expense is being recognized on the straight-line basis over the life of the lease. For the year ended December 31,2022,rent expense of$ was charged to the Housing Authority's operations. Deferred rent payable represents the difference between rent paid or accrued per the terms of the ground lease and what the rent would have been if recorded on the straight-line basis over the life of the lease. At December 31,2022,deferred rent payable was$ 43 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Financial Statements,Continued (9) Compensated Absences Pursuant to its collective bargaining agreements, the Town is req • its civil service employees for accumulated sick leave upon retirement. The c• pro or the payment of$80 per day for those days earned in excess of 165 da t not m• • i 240 days. Maximum number of days to be paid will be 75 days. contract also pr. . for these employees to be compensated at their regular rate • . for unused vacation time upon separation of employment up to a maximum of 30 No payment is provided '.'Ned sick leave or vacation time for police and fire e I, es. The v. e of compensated APIces has been reflected in the government-wide • al statemen - (10)Pension Plans (a) Plan Description and Benefits Pr, •ded The Town participates in the Y.£. State and Lo • •loyees' Retirement System (ERS) and the New York `': e • " 'olice and ' -' ement System (PFRS) which are collectively referred as the ork State .011 Local Retirement System (System). These are cost-sh. 1 E t=`" ° ed benefit pension plans. The System provides retirement be, s as well as dea•. :.d disability benefits. The net position of •.:.Sys : + is held in York State Common Retirement Fund(Fund), which :blis • hold all • sets and record changes in plan net position. The Com. ,ter of the - of New" ork serves as the trustee of the Fund and is the .• 1, :ative head ' e System. The Comptroller is an elected official determined in a • statewide e .• -and serves a four year term. Obligations of employers and el, . -s to c•, •+ benefits to employees are governed by the New York State Retir- . LL and `•cial Security Law (NYSRSSL). Once a public employer elects to .articipate in the System, the election is irrevocable. The New York State Constitution ;'des th' ion membership is a contractual relationship and plan benefits cannot • ••'she aired.Benefits can be changed for future members only by enactment of . - statut e Town also participates in the Public Employees' Group Life Ins `lan,w provides death benefits in the form of life insurance. The System is inclu• in the State's financial report as a pension trust fund. That report, including informal ;`- with regard to benefits provided may be found at www.osc.state.ny.us/ retire/= LL"_us/financial_statements_index.php or obtained by writing to the New York Stat-a ocal Retirement System, 110 State Street,Albany,NY 12244. m is noncontributory except for employees who joined after July 27, 1976, who •.bute 3% of their salary for the first ten years of membership, and employees who oined on or after January 1,2010,who generally contribute between 3%and 6%of their salary for their entire length of service. Under the authority of the NYSRSSL, the Comptroller annually certifies the actuarially determined rates expressly used in computing the employers' contributions based on salaries paid during the System's fiscal year ending March 31. 44 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Notes to Schedule of Expenditures of Federal Awards December 31,2022 " 11) Basis of Presentation The accompanying schedule of expenditures of federal awards(the Scher e) ,-1�udes the federal award activity of the Town of Mamaroneck, New York (theTown) under pzbgrrams of the Federal government for the year ended December 31,2022. "ederal awards rec�ei�yed directly from the Federal agencies as well as Federal awards p ssed through other.go*rnment agencies are included in the Schedule. The information in this Schedule is piesen in accordance with the requirements of Title 2 1 S de of Federal Regulations P 4 0, Uniform Administrative Requirements, Cost<Pnneiples and Au .t, equirements for Federal Awards (Uniform Guidance). Because the Scheduule presents o y a selected portion of the operations of the Town, it is not intended to nd c notk present the financial position, changes in net position or cash flows of the Town '" f2) Summary of Significant AccountingP ies Expenditures reported on the Scheduleorte modified'crual.b is of accounting. Such expenditures are recognizedfool1owinghest principles contained in the Uniform Guidance, wherein certain types o , pcn�tuie are no. llowable or are limited as to reimbursement. ,ass through entity il n_ g numbers are presented where available. 3 Indirect Cost Rate;' a<' The To has elected not to a the 10-percen,tale minimis indirect cost rate allowed under the Unifo Guidance. V (4) Subrecipient For he ended December 31,2022,the Town provided no funds to subrecipients. i(5) Nonmonetary\A stance For the year en ed December 31,2022,the Town received no nonmonetary assistance. 78 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Schedule of Findings and Questioned Costs Year ended December 31,2022 +:3 Part I- SUMMARY OF AUDITORS' RESULTS Financial Statements: Type of auditors' report issued on whether the basic financial, statement audited were prepared in accordance with GAAP: Unmodified Internal control over financial reporting: 1. Material weaknesses) identified? Yes x No 2. Significant deficiency(ies)identified? r° Yes x None reported 3. Noncompliance material to financial statements noted? , Yes x No Federal Awards: Internal control over major programs: 4. Material weakness(es)identified? Yes x No 5. Significant deficient (ies)identifie ? _ Yes x None Reported Type of auditor report n compliance or programs: Unmodified / yP P P majorp �' 6. Any auditfindings/ discla1se that are reqhiit I to be reported in a;co�ance with 2,CF Section 200.5J (a) (Uniform Guidance}' Yes x No 7. The Towri's ma'o`r pr�s audited were: e�`'� Assistance Listing Nam of Federal Pro :.am Number Section 8 Housing Cho e Vouchers 14.871 Coronavirus State,�and Local/Fiscal Recovery Funds 21.027 Disaster Grants Public Assistance(Presidentially Declared Disasters) 97.036 8. Dollar threshold used to distinguish between Type A and Type B programs. d $750,000 9 Audiittee q Afied as low-risk auditee? Yes x No PartFINANCIAL STATEMENT FINDINGS SECTION CT ON No reportable findings. Part III-FEDERAL AWARD FINDINGS AND QUESTIONED COSTS SECTION No reportable findings. 79 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW PORK Status o£Prior Audit Findings Year ended December 31,2022 There were no audit findings in the prior year financial statements(Dece er 2021). fir` y .. ,:......-..:',".,..t,:. -..,..:At ��z•� �a Y fix; Y d R' °candy! w �A 1 80 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW PORK Town Justice Court Statement of Cash Receipts, Cash Disbursements at d Cash Balan December 31,2022 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Table of Contents Page Independent Auditors' Report 1 -2 Statement of Cash Receipts,Cash Disbursements and Cash B 3 Note to Financial Statements Town Board April 19, 2023 Attachment C (Cont'd) EFPRGROUPCAso 6390 Main Street Suite 200 Williamsville,NY 14221 P 4.0700 .9 546.7556 INDEPENDENT AUDITORS' REPORT 716 634 0764 w EFPRgroup.com The Honorable Supervisor and Town Board Town of Mamaroneck,New York Report on the Audit of the Financial Statements Opinion We have audited the accompanying statement of cash receipts,cash disbursements,and cash balances of the Town Justice Court of the Town of Mamaroneck,New York(the Court),as of and for the year ended December 31,2022, and the relat- note to financial • -m-nt,which collectively comprise the Court's financial statement as list-' .le of contents In our opinion,the financial statement r erred to . ••f=`presents fair .y all material respects, the cash receipts, cash disbursements and cash balances of the Court as of December 31,2022 and the respective changes in financial position for the year then ended in accordance with the cash basis of accounting described in the note to financial statement. Basis for Opinion We conduct our audit in accordance with auditing standards generally accepted in the United States of America( AAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Fitt.. statements section of our report. We are required to be independent of the Court and to meet our other ethical responsibilities, in accordance with the relit ethical requirements relating to our audit. We believe that the audit evidence we have ed is sufficient and appropriate to provide a basis for our audit opinion. Basis of Accounting We draw attention to the note to financial statement,which describes the basis of accounting. The financial statement is prepared on the cash basis of accounting,which is a basis of accounting other than accounting principles generally accepted in the United States of America. Our opinion is not modified with respect to that matter. Responsihtities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statement in accordance with accounting principles generally accepted in the United States of America, and for the design,implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statement that are free from material misstatement,whether due to fraud or error. Town Board April 19, 2023 Attachment C (Cont'd) Auditors' Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, indivi. k r"ly or in the aggregate, they would influence the judgment made by a reasonable user based cthe financial statement. In performing an audit in accordance with GAAS,we: • Exercise professional judgment and maintain professional skepticism,throughout the audit. • Identify and assess the risks of material misstatement of the financial statement,whether due to fraud or error,and design and perform audit procedures responsive to those risks.Such procedures include examining,on a test basis,evidence regarding the amounts and disclosures in the financial statement. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Court's internal control. Accordingly, no such opinion is expressed. • Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates ,., by management, as well as evaluate the overall presentation of the financial stateme AVA • Conclude wh- ,in our j ent,there are conditions or events, considered in the aggregate, that raise su lantial doub out the Court's ability to continue as a going concern for a reasonable period of time We are required to communicate with thosoged with governance regarding,among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit. Williamsville,New York 2023 2 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Town Justice Court Statement of Cash Receipts,Cash Disbursements and Cash Balances Year ended December 31,2022 ce Justic- .rescia Meister Fine Fine . Acco Account Acco•' Cash receipts: Bail $ - - 1,000 Transfers - 275 Fines,fees and other 07,324 157,101 - Total cash receipts 4 157,376 1,000 Cash disbursements: Remittances to Town of Mamaron I. 412 158,491 - Bail refund - - 800 Total cash disbursements 110,412 158,491 800 Net change in caslbalances (3,088) (1,115) 200 Cash balances at beginning ofyear 9,489 8,958 2,225 Cash balances at end of $ 6,401 7,843 2,425 ances represented by: due to Town-December dispositions 6,401 7,843 - Un' cases - - 2,425 Ti ''.sh balances -December 31,2022 $ 6,401 7,843 2,425 See accompanying note to financial statement. 3 Town Board April 19, 2023 Attachment C (Cont'd) TOWN OF MAMARONECK,NEW YORK Town Justice Court Note to Financial Statement December 31,2022 Summary of Significant Accounting Policies (a) Basis of Accounting; This financial statement was prepared on the cash b: ccounting in accor•:h 4 th the accounting principles prescribed in the New : ate Handbook for Town .• e Justices,which is a comprehensive basis o unting otherrthan accounting p •les generally accepted in the United States of America. (b) Deposits and Risk Disclosures Cash and equivalents consist of funds deposited in demand deposit accounts, time deposit accounts and certificates of deposit with original maturities of less than three months. The Town Justice Court's deposits and investment policies follow the Town of Mamaroneck, New York's(the Town)policies. The Town's investment policies are governed by New York State(the State)statutes. The Town has adopted its own written investment policy which provides for the deposit of funds in Federal Deposit.Insurance Corporation(FDIC) insured commercial banks or trust companies located,within the State. The Town is authorized to use demand deposit accounts, time deposit accounts and certificates of deposit. Permissible investments include obligations of the U.S.Treasury,U.S.Agencies and obligations of the State or its political divisions,and accordingly,the Town's policy provides for no credit risk on inves i•• Collateral is required for demand deposit accounts,time deposit accounts and certificates of deposit at 100%of all deposits not covered by Federal deposit insurance. The Town has entered into custodial agreements with the various banks which hold their deposits. These •reements authorize the obligations that may be pledged as collateral. Such obligations lude, among other instruments, obligations of the United States and its agencies and obligations of the State and its municipal and school district subdivisions. Custodial credit risk is the risk that in the event of a bank failure, the Town's deposits may not be returned to it. Governmental Accounting Standards Board Statement No.40 directs that deposits be disclosed as exposed to custodial credit risk if they are not covered by depository insurance and the deposits are either uncollateralized, collateralized by securities held by the pledging financial institution or collateralized by securities held by the pledging financial institution's trust department but not in the Town's name. The • wn's aggregate bank balances are covered by FDIC insurance at December 31,2022. Th- own was invested only in the above mentioned obligations and, accordingly, was not exposed to any interest rate or credit risk. 4 Town Board April 19, 2023 Attachment C (Cont'd) kFPRGROURCPAsa 6390 Main Street Suite 200 Williamsville,NY 14221 P 34.0700 •'.546.7556 16.634.0764 REPORT TO THE BOARD EFPRgroup.com ,2023 The Honorable Supervisor and Town Board Town of Mamaroneck,New York Dear Board Members: We have audited the financial statements of the governmental activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the Town of Mamaroneck,New York(theiTown)f ,the year ended December 31,2022. Professional standards requires that we provide you with information about our responsibilities under auditing standards generally accepted in the United States of America, Governrrt Auditing Standards and the Uniform Guidance,as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our engagement letter. Professional standards also require that we communicate to you the following information related to our audit. Significant Accounting Practices Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the Town are described in note 1 to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during 2022. We noted no transactions entered into by the Town during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period. Accounting Estimates Accounting estimates are an integral part of the financial statements prepared by _ement and are based on management's knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. For the year ended December 31, 2022,we evaluated the key factors and assumptions used to develop the accounting estimates and determined that they are reasonable in relation to the financial statements taken as a whole. Town Board April 19, 2023 Attachment C (Cont'd) 7 The Honorable Supervisor and Town Board Town of Mamaroneck,New York Page 2 Significant Disclosures Certain financial statement disclosures are particularly • • • .use of their significance to financial statement users. The financial statement • es ar ,consistent and clear. Difficulties Encountered in Perfo - 4.e Audit We encountered no difficulties in dealing wi ..agement '. •orming and comp eting our audit. Corrected and Uncorrected .is Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and ;.mmunicate them to the appropriate level of management. Management has corrected all such I. . .tements. Disazreements with Management For purposes of this report, profession0 standards define a disagreement with management as a financial acco gy=>_, reporting,or auditing matter, whether or not resolved to our satisfaction, that could be sip• .it to the financial statements or the auditors' report. We are pleased to report that no such .- -ements aro .during the course of our audit. •r••- � "e.resentations We have requested certain representations from management that are included in the management representation letter. Managemen ultations with Other Independent Accountants In some cases,management may decide to consult with other accountants about auditing and counting matters, similar to obtaining a"second opinion." If a consultation involves application of an accounting principle to the Town's financial statements or a determination of the type of auditors' opinion that may be expressed on those statements, our professional standards require the consulting accounting to check with us to determine that the consultant has all the relevant facts. To our knowledge,there were no such consultations with other accountants by management. Other Audit Findings or Issues We generally discuss a variety of matters,including the application of accounting principles and auditing standards,with management prior to retention as the Town's auditors. However,these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. Town Board April 19, 2023 Attachment C (Cont'd) The Honorable Supervisor and Town Board Town of Mamaroneck,New York Page 3 Other Matters We applied certain limited procedures to the required supplementary information(RSI)that supplements the basic financial statements. Our procedures co= ' d of inquiries of management regarding the methods of preparing the information and comp. the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did sot audit the RSI and do hot express an opinion or provide any assurance on the RSI. We were engaged to report on the other combining nonmajor fund financial statements,the combining special districts fund financial statements, and the schedule of expenditures of federal awards, which accompanies the financial statements but is not RSI. With respect to this supplementary information, we made certain inquires of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America,the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying acco • • cords used to prepare the financial statements or to the financial statements themselv `= * * * This information is intended solely for the use of the Honorable Supervisor, Town Board and management of the Town of Mamaroneck,New York and is not intended to be and should not be used by anyone other than these specified parties. Very truly yours, EFPR GROUP,CPAs,PLLC Town Board April 19, 2023 Attachment D Town of Mamaroneck From: Tracy Yogman -Town Comptroller Re: Fire Claims Date: April 19, 2023 The following Town of Mamaroneck Fire Department claims have been certified by Chief Thomas Broderick and submitted to the Comptroller's Office for payment: VENDOR DESCRIPTION Amount Speakers&wires,safety chain,wireless keyboard& Amazon.Com mouse,Essentials of Fire Fighting, replacement cooling fan S 405.36 Amazon.Com Audio Alerter,ceiling light junction box,ceiling tiles $ 863.55 Bound Tree Medical, LLC Boxes of gloves 335,72 Grainger Facial tissue 48.30 Hill Signs Reflective equipment markers 177.00 Konica Minolta Printer Least costs-April 2023 133.42 Municpal Emergency Services Rescue tool repairs 482.80 Optimum Cable services for 3/23-4/22/23 496.65 Ready Refresh by Nestle Water Cooler rental&paper fee 2/19-3/18/23 182.96 Sound Shore Pest Control Exterminating services 3/28/23 70.00 Target Solutions Learning Training software-Premier Membership/Support 1,970.45 Town of Mam'k PFFA Life Insurance for January-March 2023- 14 Career Staff 770.28 UniFirst Corporation Cleaning supplies 3/24,3/31/23 338.86 Verizon TMFD 300M Fios Redundant circuit 2/25/2023 294.34 Verizon TMFD 300M Fios Redundant circuit 3/25/2023 294.34 Villa Maria Pizza Food for Fast Drill 3/29/23 94.94 Village Pizza&Pasta Food for Truck OPS Drill 4/5/23 98.75 WJWW 6" Metered Fire Service 2/26-3/25/23 37.00 Total $ 7,094.72 • Page 372 of 649