Show N TT f m TT ANNUAL FINANCIAL STATEMENT EXHIBIT A MORGAN CITY HY colt CORPORA rion BA LA N C E S I 1 I 1 EE T AT DECEMBER jl 31 1919 I 1 ASSETS CURR ASSETS 4 r wit Q I 1 I 1 C cash sh in in bank lass less warrants wan ints outstanding tt 1 ia H avs 1 as 12 receivable water accounts accounts receivable recreation committee RII n taxes receivable 1 total current assets as nii FIXED ASSE IS waterworks Water works system n mau streets and sidewalks cemeteries and public grounds fire department equipment 15 mi 1125 ai ball park light installation 87 HI 16 office equipment 10 1 0 IS 68 truck 00 total fixed assets total assets 1 8 11 liabilities AND SURPLUS liabilities loans from power department accounts payable morgan county 10 withholding taxes payable 1 ia 71 total I 1 liabilities 2 3 t 95 7 11 1 SURPLUS total liabilities and surplus tt EXHIBIT B mornan MORGAN CITY corporation corporal 1 ION RECEIPTS AND disbursements JANUARY I 1 TO 10 DECEMBER 31 1919 BALANCE ON HAND JANUARY 1 1919 RECEIPTS general taxes general purposes 1212 streets and sidewalks 10 cemeteries and public grounds acs memorial fund mn I 1 waterworks Water works 2810 Ml recreation reel cation fund 1698 OS cemetery lot sales burial fees and care caie from county for cemeteries fines and forfeitures 0 city licenses 1 from county for fire department part ment 17 02 water rates collected latis IS motor motoi vehicle registration fund L na reimbursement ni alls salary w ro 10 loans from morgan city power plant ann from state for liquor control taxes taws withheld from salaries 11 ula t 7 25 J from seizure and sale of slot machines building permits TAX from recreation board blaid from leased leaded property 22 00 ambulance services vices it 7 miscellaneous receipts 1605 10 li total receipts 41 amoo nm oo total to account for disbursements general fund salaries 11 1 I 1 printing anti and stationery telephone and telegrams 51 fitl 2 1 officials bonds 27 W city cobit city health ar 0 fire department police department S I 1 mayors contingent SO 00 election busst insurance 20 07 truck expense 2 r clerical 22 7 rent of city office and jail maintenance ambulance expense membership dues in municipal league 1771 payment of taxes withheld ll 11 legal 20 00 00 0 audit IT MR office supplies and expense assessing find and collecting taxes IM tl opening slot blot machines 0 X ball park lighting 1 amt il recreation program al 71 r new ordinances ai r repayment of loan front F roni power department 7 2 to dr adams ad ims for sewer sew er survey miscellaneous Ilis disbursements burse IS 7 streets sheets ind and sidewalks labor I 1 abai materials Mate nals 2 is 1 al th cemeteries and public grounds labor 2874 00 1 waterworks Water works I 1 labor abor 2717 materials 27 4 JO capital outlay ly waterworks Water works streets and sidewalks cemeteries and public grounds imn 0 W ball park light installation 60 11 07 67 office equipment 1010 1 7 js 81 total disbursements BALANCE OX ON HAND it NU 39 78 8 EXHIBIT A MORGAN CITY cin MUNICIPAL POWER PLANT SHEET SHEEP AT ar 6 jl 31 1919 ASSETS CURRENT ASSETS cash jurls cons consumers A accounts c c 0 u n t s I 1 receivable ic C e 1 v TM 81 less allowance for bud bad accounts rom MAX L 13 loans receivable morgan city general fund street and sidewalk fund 1111 1 II 11 xi waterworks Water works fund I 1 und hall ball park 4 W 1 an 1 total current cut rent assets 1 office equipment less depreciation reserve ST S T als fl distributing system 10 less 1 ss depreciation restive reserve 1701 77 1 I 1 land und water rights of way 2877 ti roads and budges bridges ib 17 t A total fixed assets W IS total assets 1100 I 1 liabilities AND AM NET WORTH liabilities accounts At counts payable power 10 11 meter deposits 0 too accrued withholding tax 1009 accrued sales tax I 1 92 3 jl 1 total liabilities 1739 2 NET WORTH excess of assets over liabilities morgan city net worth ul MI 70 total liabilities and net worth 12 EXHIBIT B MORGAN CITY cin MUNICIPAL POWER PLANT PL m SIAH or OF operations RATIONS FOR I 1 OR THE t YEAR LAP ENDED it jl 31 1919 INCOME sales of electric power 27 rs 41 delinquent penalties total operating power purchased lommo distributing system Expel ise labor laboi 79 miscellaneous supplies maintenance of service Ser vict lines 2 maintenance of street lights is 18 1 b 85 1 lisl general expense superintendents salary assistant superintendents salary 1 00 office salary 70 7 0 00 printing and stationery 11 1419 telephone and telegraph loo 00 truck expense 1117 it 1 interest on oil miter meter deposits insurance 1 2 lo 1220 0 audit vi W miscellaneous expense 37 11 08 4 total expense without depreciation and financial expense IS GiOSO operating pi profit of it before depreciation and financial expense 9 22 2215 4 6 depreciation and financial expense depreciation distributing system depreciation office equipment 6 bond interest 1 IMS 00 net operating profit 46 OTHER OTHE it INCOME miscellaneous income 83 63 1 NET EXHIBIT C MORGAN cm CITY MUNICIPAL POWER PLANT brAlL MEM oi OF RECEIPTS AND DISBURSE disbursements FOR THE EAR dealt ENDED DECEMBER 31 1 1919 BALANCE ON HAND JANUARY 1 1919 1 5 wa 41 RECEIPTS collections on oil consumers Consume is accounts Act delinquent peu aties collected 2 na dieter deposits 50 taxis taxes withheld from salaries acs ics as 10 from 1 lorn city street and sidewalk fund 1 und aj miscellaneous receipts 1 M 1610 total receipts total to account for 7 1635 S DISBURSE ME general expense superintendents salary 00 assistant superintendents salary 00 office salary punting printing and stationery 1 10 1 W 1 telephone anti and telegraph 1210 truck expense meter deposit refunds ta interest on oil dieter deposits I 1 ax interest intel on bonds W 00 k bonds retired r HH oo 00 insurance il 0 O sales tax 4 12 15 payment of taxes withheld I 1 ll 11 am 10 audit 17 10 loan to Water waterworks works fund 1 oihi 00 low loan to street sti t and fund 1111 IS office equipment pui purchased chased miscellaneous 17 01 25 J ab H power lurch ased laoo io distributing meters also i poles and vi wire lie OS tools and equipment rs s 1320 u maintenance of service lines maintenance of street lights ls si labor 21 supplies i 10 n i total disbursements 59 77 BALANCE ON HAND DECEMBER 31 1919 ass mss CELESTE DURRANT city cit recorder Reco ider N TT f m M MORGAN COUNTY NE NEWS W S entered as second class matter january 7 1933 at the post arii 11 i morgan utah under the act of march 3 1879 published every friday commercial street morgan utah NATIONAL EDITORIAL EDITORIAL I 1 A S SO 61 A T 00 N VA EMS F 7 H t J STATE HISS batso lula advertising rates on application S subscription a year in advance albert IV epperson eppers on editor and Pub publisher lishe r virginia U epperson business manager mrs airs 11 II 11 II crouch office bla manager branager nager office phone 48 morgan county news morgan morgan county utah friday AUK aug 4 1950 1910 page 2 |