Show ANNUAL FINANCIAL REPORT OF BOUNTIFUL CITY I I I May MolY 15 1927 1027 To the thc Mayor Mavor l fa 01 and Council Bountiful City Cit Corporation s- s Bountiful Utah a P Gentlemen I accounts of accounts account Pursuant to engagement we e haw have ha D mide mado an audit of the bountiful City Corporation for fo fo the tar car ended December 31 11 6 19 We Wc trans transmit nut mit herewith our I report port of CO conditions ase as we e ha have ha e found them with the following c exhibits raid ind sup eup supporting ting JOI-ting schedules I I t A Sum Sum nary ary of Receipts ind Disbursements Schedule Detail I-Detail I Detail Statement St of ot Cash Receipt t c r Schedule II II Detailed Statement of or Cash Disbursements Schedule ConditIOn Ill Ill Condition of Revenue Funds ind Special I runds Funds December 1 tl 1 1926 E HIBIT E IT B of Capital assets ind gad Liabilities December 31 j C S I The his s c commendable commend diligence in the issue of proper receipts in m duplicate te for all incoming funds which were sere checked to the regis regis- regis lei tet of receipts and found to be COll ec entered and distributed Two Items of of bank bink interest to S 16 which Cle taken to account in ru Decem bu 1925 were arain alam a ain debited to cash in January J anUal 1926 In ad to this overcharge excess bank deposits deposit o cr cash receipts amounting to lG 2 have been made at various times throughout the thc ear m 1 total of 2198 98 due the the- treasurer tle as shown 1 by the recapitulation of cash balances m hibit F A Receipts from flom General Taxes Ta were Cle verified with the record of the County Treasurer er Miscellaneous lIcen licenses cs were here checked with the detail II licen cease e regIster here nete CI e delinquent merchants licenses amounting to 2017 7 at the closing late dite of the audit of which is due from flom tun 1111 strong Coil Coal Compan Company and Ins his b been n accruing since April 1924 Immediate steps should be taken to collect tese t delinquent balances Justice Court fines fince were cre checked with truth the Justic docket and found to have been correctly d for Receipts from niter itei consume were ele cd in m detail with Ith the con con- con s register No o attempt has ten made to ascertain operating revenues u ugly h net cash collections he pat past three j years ears appear ippen to indicate a growth th of income from this tillS source The amounts received recel during the referred to ma mas ma mabe be compares compare as follows follow 1024 1924 I 6 C 39 1923 J 7 29 1926 l 18 Considerable improvement cou J d be made in m the collection of con consumers consumers sumers accounts The outstanding assessments it t it December 31 1926 mount ed cd to 2 10 almot almost 32 pel pet nf c cent of the 1926 1920 collections An c of the thc delinquent contained in III theater the water ater consumers register leads us to the opinion that this condition is entirely sary and is caused through negligence on the pirt or o certain tl pa taxpayers and lack of r in m making collections Approximately 1232 1 00 of the delinquent bal Lal Lalance balante ante ance is owing O b bs 72 h alt all al altof alof of whom hom are able to and should in our opinion be required ed to meet these obligatIOns Therefore we e rec that due duc notice be served upon the delinquent slater atel and that the I l entities pro provided bv by or finance be ed upon to settle past due balances D DISBURSEMENTS ls BUR S I E N T S All Ail expenditures made during he year eai eal sere found to be supported by prepared pi epal ed and ser fied verified bj b the I recorder Distribution of e ex among the various dep 1 fitments ha hale ha e been kept within budget except c in one 01 or tw h instances though the thc total expenditures for lor the icar ear are within the amounts set forth foith th in m the budget ordinance of Januar January 1926 In oui opinion th tha thai f provisions of this ordinance base ha been diligently ed The record indicates a desire on the pirt rt of the councIl to keep within revenues and ind to provide good govern govern- government government government ment at reasonable cost leal cat Ial there hive have beep been redeemed from Sinking Fund 00 aten bonds We Se ha hale examined and cancelled two of those bonds each e of 1 00 denomination The recorder advises us that the thc three ad additional additional bonds of similar denomination were ele destroyed cd b burning at the time they the were ere recel ed c e e were unable to obtain any r to the thc proceedings of the Council during the co e ed b bv b the th audit The Recorder advises us that the official minutes are not yet written up up The necessity of keeping tillS this important record written up to late Hate late at all times cannot be too urgently stressed H t R R W V STAHLE wt y D ZE E t BOU n B o 0 u fIll r i u i U L CI c I Il i l TS T'S T c o 0 R H p l o 0 u It v T i o 0 N Summer Summing of Revenue Disbursements Revenue I and Special tin pro I und und y 1 I to December 31 1926 RE HE HEP I r P Ui Uh F U l-U FUNDS U DS l S I 1926 1 January 1 Cash sh Balance h Dec Dece 31 Receipts P Schedule Ij 1 I 04 r M t 30 89 Disbursements Schedule II Cash Balance December qi 1 1926 3 67 81 SI CIAL T EME T EME FUNDS rUNDS I t 1926 1916 January 1 Cash sh Balance I i 3 1 December Jl 31 Receipts Schedule c a I I 57 71 Disbursements Schedule IV Ii II I 1 tom ti SS Cash Ca h Balance December 31 J i C t z If 98 Recapitulation of at Gih h Dahn e 4 Bountiful State Bank ti 07 5 Union State B Bink 21 1 6 13 G 6 Less mount o or oscr r deposited I Iby by Treasurer Treasure i 1 I 2198 21 98 Less outstanding IL OS 98 Detailed Statement of Cash HeHn Rc K niX I 1 and Special ment I und l i I 1 I 1 31 Jl 1926 Ur RE RE fiC C Cur E ur I IDS IL U iS DS S w Dec tuber 31 General Taxes Takes Current CUrlent ear 1 ear 7 00 General faxes Pre lous cars car Miscellaneous Licenses 78 Tae TIK Collections X 1 hi 00 Justice Court Fines Interest on Bank Deposit Depont 58 81 Rent City Citi Irin Dann I I- arm rin L V o ont nt City Ball 11 I- I II I- I 00 P Patu ater atu Consumers 7 18 I Refund I J Height on 1 Pipe 1 2930 Notes Pay Payable able 5 00 SPECIAL 1 f l I I S Principal i 1 Interest 93 a Total Receipts Exhibit Ai A Detail Statement of Cash DI Revenue Disbursements ind Special p Iii In pro pro I und Januar Januar Januar 1 l 31 1926 UE UC I IU DS i 1926 1920 December 31 JI rued Salaries of Officials 1911 00 I hO 50 L Jre r rc Department 16 Ii- Ii Stationery Prill Printing t g etc ete 95 J yo- yo j Assessing Collecting 1 faxes axes 92 Health 8 Quarantine 20 Ia Maior or 8 Council 00 I f City Justice rles 10 e to Buildings j 6 Purchase of Land Exhibit B Premium on Surety Bonds Bond Compensation Insurance 55 15 75 Salary 8 S E a eI 1 1 19 1978 lIre 1 Insurance 78 ire ir C Bingham Relief hon donation IGO 00 hs 81 T 6 71 39 W ORIvS ThIt I IU U D D 1116 1 25 J t I IA A Water Sater St Stock c 91 I Water Rentals I I I 1477 14 I i to Sy System stem Ex B B 73 36 10 42 Tf SI hl SI hI G I I UI U I U Interest t Refunding Bond ts 2 est Water Bonds t 14 Water Vater Bonds Redeemed 5 00 f 1 4 V tl VIUM I IUM UM Ita Maintenance of Sheets i 1 60 SITU L tL I EM EMST EMT T ST F US 14 S Principal Redeemed 5 Ij 00 Interest i i C uS 08 Total Disbursements Ehl Exhibit t ii A A 1 J 37 Condition of I Funds rands nn Improvements I und il H 1926 HE ItE KE FUNDS US Assets 1 Cash in m Bink Binh Exhibit A t 3 81 Outstanding lter As AsS f ments 10 Outstanding Out Merchants licences Licences 75 Rent City Cit Farm 00 I 1921 Taxes 2 53 8 22 i I I I otes Payable j Surplus j I s 5 1 00 l 2 Sulu ps t- t tr y S r H- H r I l L tL 1 I T FMC I U i Assets s 14 Cash Balance hibiyA E A I Uncollected Asses me ts 48 43 i 63 Ll 30 I Outstanding Wan ant 1 a 8 30 I SUI Surplus plus w j S Statement of t ets I I 31 1926 I ASSETS ij Cash in m Barks Ibi A OS 03 Real Henl estate state BUI dm 2 21 24 00 add land Schedule Schedule r II 2500 00 2 atlOn Stock J iTei d I 2 1 b stir 1 Works Sj Stem t m 42 00 add idd ac additions Betterments Schedule II G 73 If 1 49 73 less refund of fr fright freight Ight Schedule I I 30 18 43 alk Improvements ments aFire rare Department f Equipment 4 1 00 Furniture Office Equipment Road 00 Road Machinery l I 41 I I Notes otes Pa Fay able 5 00 Bountiful City Refunding Bonds due August 1 I 1943 bearing 51 per Ier cent interest 53 00 Bountiful City Water Bonds due May 15 1930 bearing 5 b per cent interest 3 00 00 Capital S Surplus 90 41 M F M i F 1 Fi i i r- r rk H z k M K i H r r I-r-H I H i H-H- H I I f I t H I t H hF Hoi H d tz H 4 H S I I I z 4 t- t tI I FURS IN COLD COED STORAGE It I t FURS CLEANED REPAIRED PROTECTED I r t P Phone h 0 neB Bou Bountiful 0 U 1 t i f u I 1 2 5 J f II WOOD FUR FUg ANNERY t I I H F 00 I-I- I III 4 S I Ir r I I roH X tom H otoo I lid 01 f H ti u i r Scho School Days Henry W V Stable Stahle I Abstracter Notary Public AND Accountant fl f Office in 10 BOUNTIFUL UTAH i Phone 29 L fJ y I j f c ti r rk f t k c t I c cs cill s i iA A ill Y ft C Cus Busy us smokers Of o f today select Camel as their faVorite smoke PRESENT DAY people the fastest corkers of aU all tIme claim their right to enjoyment And they choose Camels for the utmost In smoking pleasure Camel IS made to please and delight the modern c peri ended smoker It IS rolled of the chOicest tobaccos grown i It IS matchlessly blended for mildness and fragrance In the f smoking Let Camels demonstrate their goodness and you'll know why the smokers of today choose them over all other For that exalted sense of tast no other smoke can compare with this on one Have a Camel Came i aL i 11 ra r f cra v t tl t tf f R J 1 Tobacco Compoy W filer S irm Im N G C AM |