Show Report Report Shows Wat Water r Sewer Fund in Healthy Condition Moab City's water and sewer fund a major item In the financial structure of at the the- city is in a II healthy and profitable condition council members were told Tuesday Tuesday Tuesday Tues Tues- day A financial report on the water and nd sewer fund was studied by he the council in the regular Tues Tues- lay y meeting Alton B. B Decker Certified Public Accountant from rand Junction submitted the re- re ort for the period May 31 1955 to Q May 31 1956 1056 Decker Is ac ac- for tor the city of Moab The report indicated that the Ity Ily is Js solvent as regards the inking funds that are required 0 o b be bo maintained by ordinances authorizing bond sales Net fL fix fix- 1 1 assets which Include water md sewer lines wells pumps etc mount to with major to the system increasing hat figure ti each month assets to the fixed assets ls a ure of ot for tor fora he a total a assets sets of the city I amount to X t M Mb ib possesses an equity of MS' MS 4 43 n 13 dollars and a II surplus i I. I tB 3 The surplus t T- T what has been en earned over Ii id hive above municipal contributions n-l n liabilities or the revenue I ined from the system in times past The investment of ot Moab in La facilities fac tac- measured in terms of ot plants and equipment amounts amounts' to a balance bal hal ance of This figure I II I it should be noted Doted is not inclusive sive of at projects project now underway The greater greater pa pait ot the federally approved expansion n project is not Included A sign significant ant rise carsbe can cars be expected from Iffe I addition of ot the new sewage disposal sal plant and outfall line rhe w wd combined combined com corn are valued l' l lat at Iose lose to Out of ot a II total r revenue venue p 56 obtained fr tram water water ales les Ies sewer rentals and sundry sun ry reve revenues flues nul'S the water a and d sewer f sid d shows a net of The net income figure Is Is possibly the most significant item II h In the report It represents an Increase of nearly per cent Significant cant also Is me fact that by In Investment Investment Investment In- In vestment and trade the city has increased its water productivity product by per cent The favorable status of ot the fund means that it is now possible for Moab to contemplate furt further er expansion ex ex- ex- ex pension and more adequate maintenance main mal of water and sewer lines without resorting to term long financing by bond sales The status stat stat- us 5 of the fund is Ia especially favorable arabia in the light of at the tho tremendous tre tra- tra al advances that have bave been made toward providing a MO Moab b with witha a II modem modern and wholly adequate system Indicative of the magnitude magnitude magni magni- tude of the system is the report that citizens consumed gallons of ot water during the report period |