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Show LINDON CITY CORPORATION Statement of Revenues and Expenditures for the Year Ended June 30, 1974 GENERAL FUND Revenues and Expenditures for the Year Ended June 30, 1974 Revenues: Property Taxes: Current Year Property Taxes $ 40,702 Redemption of Prior Years' Taxes 1,487 $ 42,279 Other Taxes: Sales and Use Taxes 9,387 Licenses and Permits: Business Licenses 2.874 Building and Construction Permits 2,884 Dog Licenses and Impound Fees 1,288 7,046 Revenue from Other Agencies: Federal Grant-PEP Program 24,467 State Liquor Fund Allotment 4,656 Class "C" Road Fund Allotment 6,856 Federal Shared Revenue 33,264 69,243 Fines, Forfeitures and Penalties: Court Fines 6,751 Other Revenues: Interest Income 1,499 Sundry 938 Sale of City Assets 6,760 9,197 TOTAL REVENUES $143,903 Expenditures: General Government: Administrative: Personal Services $ 6,149 Materials, Suppl ies and Services 4,478 Other Charges 3,832 $ 14,459 Municipal Court: Personal Services 1,500 Other Charges 192 1,692 Elections: Election Judges 202 Other Charges 122 324 City Hall Building: Materials, Supplies and Services -497 Capital Outlays 76 573 TOTAL GENERAL GOVERNMENT $ 17,048 PUBLIC SAFETY: Police Department Personal Services 16,932 Materials, Suppl ies and Services 2,502 Other Charges 704 Capital Outlays 2,301 22,439 Fire Department: Materials, Suppl ies and Services 900 Inspection Department: Personal Services 2,379 Materials, Supplies and Services 548 2,927 TOTAL PUBLIC SAFETY 26,266 PUBLIC WORKS: Streets and Highways: Personal Services 15,765 Materials, Supplies and Services 13,457 Capital Outlays 5,880 TOTAL PUBLIC WORKS 35,102 PUBLIC HEALTH: Health Services, Materials, Supplies and Services 555 CULTURE, PARKS AND RECREATION Recreation : Materials, Supplies and Services 1 ,342 Parks: Personal Services 617 Materials, Supplies and Services 2,465 Other Charqes 367 Capital Outlays ' 2,176 5,625 Libraries: Materials, Supplies and Services ' 75 TOTAL CULTURE, PARKS AND RECREATION 7,597 OTHER EXPENDITURES: Provision for Retirement of Tax Anticipation Bond 1 1 ,000 Interest 1,400 Transfer to Utility Fund 23,500 35,900 TOTAL EXPENDITURES $121,913 Excess of Revenues over Expenditures $ 21,990 WATER AND SANITATION UTILITY FUND Statement of Income and Expense for the Year Ended June 30, 1974 OPERATING REVENUES Sale of Water: Metered Sales $ 33,968 Irrigation Water Sales 1,505 35,473 Other Revenues: Waste Collection Charges 9,814 Water Collection Charges 3,530 Penalties and Miscellaneous 842 14,186 TOTAL OPERATING REVENUES 49,659 OPERATING REVENUE DEDUCTIONS: Operating Expenses: Distribution, Collection & Maintenance Salaries and Wages 4,484 Materials, Supplies and Services 18,645 23,129 Administrative and General Salaries and Wages 3,501 Materials, Supplies and Services 1,394 Insurance and Surety Bonds 1,111 Employee Benefits 475 6,481 Total Operating Expenses 29,610 Depreciation 18,304 TOTAL OPERATING REVENUE DEDUCTIONS 47,914 Operating Income 1,745 ADD NON-OPERATING INCOME Interest Earned on Investments 1,836 NET INCOME 3,581 Transfer of Earnings to Bond Redemption and Interest Funds 5,200 DEFICIT ($ 1,619) BALANCE SHEET ALL FUNDS AS OF JUNE 30, 1 974 ASSETS Soeciol tbt Fed. Rev. Water and Geneal Generol Long Generol Asismenls Service Sharing Sanitation F.xed Term Debl Fund Funds Fund Tfus! Fund U,,l,tY Fund Assels and ln,erest Cosh on Hand and in Bonks $ 25,255 $ 25 $ 91 $ 9,304 $17,814 Accounts Receivable property Taxes 3,,235 61 Special Assessments 184 Water and Sanitation ServiLC 7,699 Investments: Water Stock 13,000 Government Bonds 20,841 29,159 Amounts to be Provided for Retirement of Short-Term Tax Anticipation Bond 13 000 Amounts Available and to be Provided for Retirement of Bonds and Interest 80,451 Fixed Assets: Land 2,408 70,565 Buildings and Structures 32,61 3 Improvements other Than Buildings 17,71 8 Water Distribution System 281 ,585 Machinery and Equipment 1 3,321 49,787 Automotive Equipment 12,521 Office Furniture and Equipment 3,748 S 62,331 $ 209 S 152 S 9,304 5364,986 $186,952 $ 80,451 LIABILITIES AND FUND BALANCES Liabilities: Short-Term Tox Anticipation Bond Payable 13,000 Customers' Deposits 10 457 Interest Payable in Future Years 17,451 General Obligation Water Bonds ' 63,000 Contributions: Contributions by U.S. Government 90,594 Contributions by Municipality 11 2,500 Contributions by Customers 157,080 Fund Balances and Retained Earnings Investment in Fixed Assets 186,952 Retained Fnminqs 4.355 Fund Balances " 49.321 209 15? 304 S 62,331 $ 209 S 152 S 9 304 $364,986 $186,952 $ 80,451 |