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Show OREM-GENEVA, TIMES Thursday May 8. 1958 Orem Ci?y; Cor po rati osm Fimcaniciall deport CASH RECEIPTS AND DISBURSEMENTS OF GENERAL FUNDS YEAR ENDED DECEMBER 31, 1957 Recreation, Bond EXHIBIT B Total Sanitation Public Streets & Parks and Interest & Special Class "C" Special All General Fund Safety Sidewalks Cemetery Sinking Improvement Road Improvement Library Funds Fund Fund Fund Fund Fund tund Fund Guarantee Fond Fond KECEIGeneral Property Taxes $187,912.94 $ 44,847.92 $ 3,372.25 $44,847.92 $23,320.92 $35,878.34 $ $ $ $3,139.49 Merchants'' Licenses " 12.968 .62 1278.62 Department Fees, Permits, Etc. 15,743.50 9,t16.25 3,72.25 2,455.00 County Fire Protection 3,341.79 3,341.79 State LiquorControl Fund 12,122.90 12,122.90 Waste Removal Service 23.233.4S 23,233.46 Fines and Forfeitures 18,507.80 18.507.80 State Motor Vehicle Registrations 49,230.18 , ; 49,230.18 Special Improvement Assessments and Interest 18,113.75 . 18,113.75 Street Improvements 21,910.83 21,910.83 Water Stock Sold 6,748.75 6,748.75 Miscellaneous 11069.86 4,074.87 3,455.77 ;1.72 2,936.50 ; 211.00 Proceeds From Notes and Bond Issues 81,600.00 64,500.00 . 17.100..00 , j Fund Transfers 10,000.00 10,000 XK) TOTAL RECEIPTS 472,50188 143,056.41 26,689.23 $73.614.81 66.605.25 25,775.92 45,878.34 35,213.75 49,230.18 3,350,49 DISBURSEMENTS: Officials' Salaries and Expense 5,592.15 5,592.15 : . Legal and Accounting 4 146.57 4,146.57 . Operationlmd'MaintenlnLibor 36,554.32 17,661. 56 11,187.86 5656-66 2,048.24 Operationand Maintenance - Materials 36,196.27 8,477.59 24,700.90 3,017.78 Off ce Salariesand Expensee 9,876.80 9,876.80 ; StreetSafetyandHealth 7,010.69 7,010.69 , Power, Light and Telephone 1,632.97 1,018.66 120 93 i? : . Police Department Expense 35,528.30 35,528.30 Fire Department Expense 15,976.00 J 15,970.00 Justice Feesand Pound Keeper 7,318.59 7,318.59 . . Library, Recreation and Memorial Fund 5,789.37 4,291.70 : 5 , . 1,497.67 Insurance and Water Assessments 1,026.17 1,026.17 . Advertising, Building Inspector and Planning 13,504.86 13,504.86 1 iTTsn ' - - Miscellaneous and Election Expense 10,80012 6,431.78 97.75 112.48 4,043.61 114.50 : Improvements andFiAiietsPurchased 181,4m9" 4,593.34 200.00 29,787.97 44,383.19 8.570..13 -0 64,967.94 . 239:90 Bonds-Redeed -23,400.00 J 2 Interest on Notes and Bonds 17,966.26 ,1.941.27 ld.750.75 267.50 City Hall Expense and Civil Defense 6,231.91 5,737.40 494 51 '. Payroll Taxes and Employees Insurance 7,603.88 7.603.88 . m Notes Payable 64,500.00 64,500.00 TOTALTDISBURSEMENTS S. 135jmS 26,436.90 96,228.54 84,436.54 22,029.60 26,865.25 39.077.56 64,967.94 2,267.50 3,78M1 Excess or (Deficiency) of Receipts Over Disbursements Cash Balance January 1, 1957 Cash Balance December 31, 1957 ( 29,564.14) 114,816.27 $ 85,252.13 7.083.53 15,510.31 $ 22,593.84 252.33 252.33 ( 22,613.73) 25.651.97 $3,038.24 ( 14,741.29) 10,394.87 ($ 4,346.42) 3,746.32 11,709.95 $15,456.27 19,013.09 11,353.19 $30366.28 ( 3,863.81 ( 2,432.16 ($ 1,431.65 (15,737.76) 31,859.80 $16,122.04 2,267.50) 4,926.38 $2,658.88 ( 435.32) 977.64 $ 542.32 The Bonded Indebtedness of Orem City at December 31, 1957, consisted of the following: fol-lowing: Water and Sewer Revenue Bonds $1,220,000.00 Sewer General Obligation Bonds 250,000.00 Waterworks and General Obligation Bonds 446,000.00 Special Improvement District Bonds 39,518.45 STATE OF UTAH COUNTY OF UTAH SS CITY OF OREM I, Anne Cooper, the duly appointed and acting City Recorder of Orem City, la the County of Utah, do hereby certify that the foregoing report of Cash Receipt and Disbursements for year ended December 31, 1957, is taken from the audit report re-port prepared by Olsen, Gardner and Squire, Certified Public Accountants, which, was approved by the City Council. WITNESS my hand and the seal of Orem City this 23rd day of April, 1958, A. D. ANNE COOPER, City Recorder OREM CITYCORPORATION WATER AND SEWER REVENUE FUND BALANC E SHEET Year Ended December 31, 1957 ASSETS Fixed Assets: Wells, Water Rights and Supply Lines Water System Distribution Lines Sewer System Collection Lines ,ewer Disposal Plant and Outall Lines General Equipment $ 94,499.70 1,324,720.26 721,138.61 130,620,81 75,013.36 Total Property and Equipment At Cost Customers Deposit Fund Contra U. S. Bonds at Cost Cash in Bank Special Funds Bond Interest and Sinking Fund: Cash in Bank Reserve Fund: U. S. Bonds at Cost $ 5,000.00 Cash in Bank 7,443.72 ' Current Assets: Cash in Bank and on Hand Prepaid Connection Expenses U. S. Government 90 day Notes At Cost Accounts Receivable Water Service 19,663,53 Accounts Receivable Sewer Service 10,944.34 Accounts Receivable General & Miscellaneous 1,741.28 TOTAL 32,349.15 Less: Allowance for Bad Debts 1,395.54 TOTAL ASSETS LIABILITIES AND SURPLUS Long Term Liabilities: Revenue Bonds Payable Customers Deposits Contr Current Liabilities: Accounts Payable Accrued Interest Payable Contracts Payable Land Purchases Surplus: Surplus from Issuance of General Obligation Bonds Retained Earnings January 1, 1957 $1,036,468.80 Net Income Year Ended December 31, 1957 99,345 60 TOTAL LIABILITIES AND SURPLUS 10,000.00 358.01 13,853.13 12.443.72 70,296.12 4.561.00 247,897.50 2,345,992.74 10,358.01 26,296.85 OREM CITY CORPORATION WATER AND SEWER REVENUE FUND INCOME STATEMENT Year Ended December 31, 1957 r . Water Sewer Sales $1.'An R, Rpwer Service Sales b-,UOU.B Revenue from Sinking and Other Funds 2t?n Miscellaneous Income eHo-inn Sewer Connection Fees r5'. Water Connection Fees 24,687.65 30,953.61 $102,483.11 12,568.75 5,131.56 250,000.00 1,135.814.40 353,708.23 $2,736,355.83 $1,220,000.00 10,358.01 120,183.42 TOTAL INCOME 330,212.41 T ecs- rrvrntine Kvnenses and Costs 230,866.81 Net Income Profit 1957 99,345.60 STATE OF UTAH COUNTY OF UTAH SS CITY OF OKEM I. Anne Cooner. the duly appointed and acting t-ity Kecoraer of Orem City, in the County of Utah, do hereby certify that the foreeoine reoort of Assets and Liabilities, and Profit and Los3 statement of the Water and Sewer Revenue Fund for the year ended December 31, 1957 is taken from the audit report prepared bv Olsen. Gardner and Sauire Certified Public Accountants, which was approved by the City Council. WITNESS my hand and the seal of Orem City this 23rd day of Aoril. 1958. A. D. ANNE COOPER, City Recorder Legal Notice NOTICE OF AUCTION State of Utah County of Utah. In Orem City of said county. I have in my possession the following estray animal, which if not claimed and taken away, will be sold at public auction to highest bidder at the city pound, 1565 North 800 East, Orem, Utah on Thursday the fifteenth day of May, 1958, at the hour of 10:00 a. m. Description of Animal Sheep: White with black head at the Gas Co., under the direction direc-tion of Mrs. Moody and on May 8th will have a dinner for their parents. No evidence of a brand. Said estray was taken by me in said city on the 2nd day of May, 1958. -s- Guy Rhodes Pound Keeper for Orem City 1,385,814.40 $2,736,355.83 OREM CITY CORPORATION WATER AND SEWER REVENUE FUND DISBURSEMENTS Year Ended December 31, 1957 Operating and Maintenance Expense Water System: Supervision and Engineering Water Purchases and Rentals General Repair Labor Maintenance Materials and Supplies Line Equipment Maintenance and Repairs Equipment Gas and Oil Meter Reading Purifying Compounds Lights and Power Connection Expense Miscellaneous Expenses ,390.85 31,797.70 11,209.22 4.261.66 4,337.69 2,051.51 1,661.85 303.46 16.792.11 27,744.14 179.57 System $15,391.54 3,730.26 3.392.94 1.956.50 3,103.24 43.65 40,588.54 111.00 Total Operating and Maintenance Expense Water Operating and Maintenance Expense Sewer System: Sunervision and Engineering Maintenance Labor Maintenance Materials and Supplies Equipment Repairs Eauipment Gas and Oil Lights and Power Connection Expense Miscellaneous Expenses Total Operating and Maintenance Expense Sewer System General Expense: Executive Salaries Office Salaries Office Supplies and Expenses Legal and Accounting Payroll Taxes and Insurance Interest Expense Bad Debts Miscellaneous Expense 106,729.76 GIRL SCOUT NEWS The monthly meeting of the Orem Neighborhood Girl Scout Leaders, was held recently, at the home of Mrs. E. Warren Hunziker, neighborhood chair man. Two prospective new Brownie Leaders were welcom ed at the meeting. It was decided that a Girl Scout float and color guard would be entered in the Flora Festival parade, with one girl from every troop to be represented. repre-sented. Mrs. Albert Martin will be in charge. I Orem will join Provo in the Camp Rally to be held at the Wasatch school, in Provo, on May 10th. from 10 a.m. to 2 p.m. All troops and leaders interested interest-ed in camping will be present. A training session, under the leadership of Mrs. "Bud" Brim- hall, was hel dat the Veterans Memorial Hall on May 1st. Mrs. Ted Mitchell and Mrs. Torvall Nelson, leaders of Intermediate In-termediate Troop No. 25, ac companied by three troop mothers, moth-ers, took their troop to Spring, ville, last Friday. NOTICE Adjustment Board meeting to be held Tuesday, May 13, at 7:30 p. m. at Orem City Hall to discuss the building of a wood structure for a garage on the Howard Holt property located at 4th North and 8th West; and to discuss the Scott Wilkinson subdivision Plat at proposed Main Street and 11th North. Eldon Swenson Adjustment Board Chairman EPW CLUB MEETS TUESDAY The BPW Club will meet Tuesday, May 13 at 7:30 p.m. in Parks Cafe for dinner and the purpose of electing new club officers. ROOFING SERVICE MAINTENANCE RESURFACING RECOVERING NEW ROOFS Free Inspection & Estimate G. D. HARGREAVES v PHONE FR 3-8057 PROVO, UTAH It's not just for kicks... Brownie troop No. 28 laid a trail for troop No. 41 to fol low and wound up eating a 'nose bag' lunch at the end of It. Troop No. 41 will try their hand at outdoor cooking, today, and will have their mothers as guest3 at an outdoor cook-out next Friday. Brownie troop No. 6 has been gaming some basic camping skills as they are looking forward for-ward to going to camp, this summer. This week, they enjoyed en-joyed an outdoor skating party. Intermediate Troop No. 10 have finished the cooking class 68,317.67 5.075.00 10.368.27 2.669.38 1.797.f6 5.187.16 28,403.12 659.98 1,658,81 Total General Expense Total Operating and Maintenance Expen se 55.819.38 $230,866.81 Tresh up" with SEVEN-UP Steel's "profit" pennies are really kept steppin' When all the regular bills were paid out of the money a steel company com-pany took in during the last half dozen years, 1952 through 1957, what was left averaged a little over 6 cents out of each dollar. . . . Those six pennies are called "profit." (Of course profits in 1958's first quarter are way below that level.) The penny sextet gets a strenuous strenu-ous workout because there aren't enough of them for the jobs that should be done. More than half of those six cents goes into plant improvement new Steel . . . metal buildings, new machinery and other equipment, new sources of raw material. ma-terial. This is to assure everybody more and better steel. Then the remaining pennies go into dividends for the nearly 900,-000 900,-000 people who are steel company stockholders. Only when these dividends offer a reasonably fair return can the steel companies hope to attract new capital for modernization and growth and to keep active the more than half a million workers who produce . . . of a million uses AMERICAN IRON AND STEEL INSTITUTE 150 East Forty-Scond Street, Nw York City |