The Garden City News (11/01/19)

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Friday, November 1, 2019

Vol. 96, No.6

FOUNDED 1923

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RE-ELECT

SYLVIA CABANA

LOCALLY OWNED AND EDITED

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Village reports higher revenues, lower costs for first half of year

AMAZING STREAK ENDS

BY RIKKI N. MASSAND

The GCHS Varsity Football Team’s 42 game winning streak came to an end on October 26th in a tough game against MacArthur HS. The streak was the longest in Long Island high school history. Above, Coach Ettinger with his players.

Vinyl record show revisits Cluett Hall BY RIKKI N. MASSAND

While the future of the central Garden City site remains a top village trustees’ priority, Cluett Hall on the St. Paul’s campus is primed to host the fall 2019 Vinyl Revolution Record Show (VVRS) on Sunday November 3. The Garden City record show on Sunday runs from 11 a.m. to 4 p.m. with an admission fee of $4; early admission hour from

10 a.m. to 11 a.m. earns guests ‘first dibs’ on record collections and memorablia for $7. Every attendee will receive a complimentary raffle ticket with price of admission, and door prizes will be drawn throughout the day. The November 3 show will feature 60 record and music dealer tables, with vendors from all over the East Coast. Amanda Schutzman is the daughter of VRRS founder Mike

On Thursday October 17 Village Treasurer Irene Woo presented an update on the village’s financial performance during the last fiscal year, 2018-2019. The halfway mark of the current fiscal year, from June 1, 2019 to May 31, 2020 is December 1st. “As we start to go into the budget process for 2020-’21 all village department heads have gotten together to look at actual revenues and expenses; we then estimated a forecast for the remainder of this fiscal year. For the 2018-’19 year we had forecasted that we may see revenues around $3.4 million favorable and we have exceeded that forecast amount,” Woo said. Reflected in the General Fund’s Operating Revenues, the Village of Garden City entered fiscal year 2019-2020 (on June 1) nearly $3.9 million favorable to the budget, mostly due to bond proceeds of $2.7 million received for the Community Park multi-purpose (105yard) field project the Village of Garden City received. The Board of Trustees approved the project and its “pre-funding” through village surplus until the project went out to bond earlier this year. Once the village received bond funding, the proceeds went back into surplus. The village received another $600,000 for premium on securities once those bonds were issued. That amount was allocated into a reserve account to pay down the debt on the field.

Lower payroll costs due to retirements

Schutzman, who owned the popular record shop Slipped Disc Records on Rockaway Avenue in Valley Stream, for 26 years from 1982 to 2008. Amanda tells The Garden City News VVRS’s return to Cluett Hall, its twicea-year home since April of 2016, will feature 1,000’s of rare and collectible vinyl records and much more to experience. “Besides records, shoppers

Woo said Garden City’s operating expenses were $3.5 million favorable to budget due to lower salary and benefit commitments due to open positions in various village departments, recent retirements and hiring people at lower salaries than those who retired or were replaced. Village Enterprise Funds are coming in at lower than budgeted for revenues. “We also saw lower debt service than we had budgeted for at the times than when project financing occurred. The village also had lower than expected legal fees incurred. Throughout the budget process we had estimated that we’d be about $3.2 million favorable to the budget. We have exceeded that and all revenue accounts have exceeded the operating expenses, although for the Water Fund and the Pool enterprise fund revenues came in slightly lower than budgeted for. The village had planned a budget transfer into the pool

See page 45

See page 47

Flag raising ceremony commemorates anniversary PAGE 52 GC High School Marching Band heads to nationals PAGE 32


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