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Show CITY OF MILFORD COMBINED BALANCE SHEET WATER ALL FUNDS GENERAL UTILITY June 30, 1978 FUND FUND SEWER AND TELEVISION REVENUE GENERAL GARBAGE AIRPORT BOARD TRUST SHARING TRUST FIXED FUND FUND ' FUND FUND ASSETS 7,079 14,765 5,038 '3,289 7,208 1 ,633 2,M3 2,282 191,116 12,869 , ' 58,883 207.036 29.916 5.038 5.702 58.883 180 2,167 )04 388 2,187 . 38 2,755 2,205 )04 . 177,770 9,98 187,268 . " ZZZZ 5,038 5,298 17,013 27,711 . , 58,883 . 17,013 27,711 5,038 5,298 58,883 207.036 29.916 5.038 5.702 58.88'. PUBLIC . NOTICES BECAUSE THE PEOPLE Gilford City Financial Statement for Year Ending June 30, 1070 June 30, 1978 FUND FUND ASSETS Cash . $ 15,635 2,989 Restricted cash (Note 2) ),568 24,980 Accounts receivable (Note 6) '195 1293 Due from other funds 5,032 Due from other governmental units 10,531 1,633 Inventory Fixed assets (Exhibit P and Note 3) 285, 133 Total assets $ 35.961 329.028 kiABJLJTJ.ES, RESERVES, CONTRIBUTIONS, AND FUND BALANCESRETAINED EARNINGS Liabilities: Accounts payable $ 3,077 392 Advance payments from customers 1,859 Due to other funds 2,807 Bonds payable (Note k) 218,000 Total liabilities 3,077 223,058 Reserves: Reserve for bond retirement (Note 2) 24 ,980 Contributions: Contributions from municipality Contributions from sewer districts Contributions from subdividers 21 ,261 Total contributions 21 ,261 Fund balancesretained earnings: Restricted fund balances: Class "C" Road 4,568 Appropriated in FY 1979 budget 14,304 Unappropriated fund balance 14,012 Retained earnings 59,729 Investment in general fixed assets Total fund ba 1 ances reta i ned earni.ngs 32,884 59,729 Total liabilities, reserves, contributions and fund balances retained earnings $ 35 .961 329.028 See notes to financial statements Highways and public improvements: Highways - general 15,000 17,364 2,364 33,22' Highways - Class "C" Road 9,500 5,214 ,286) 4,5',1 Street lighting 6,000 6,302 302 4,87 Total highways and public j improvements 30,500 28,880 (1 ,620) 2 ,67V Parks, recreation and public i property: .. Parks 42,250 25,249 (17,001) 1 Swimming pool 5,000 6,260 1 ,260 4. Library 1 ,500 682 (818) 2 1 Cemetery 5,500 1 ,262 (4,238) Total parks, recreation and public property 54,250 33,453 (20,797) 9, Community and economic development 1 ,569 1 ,569 t ' Miscellaneous 2,500 (2,500) . t Total expenditures $ l69f462 140,661 (28,801) 124,772 j Excess (deficiency) of revenues over expenditures $ ( 1 .906) (1 ,906) 6.627 See notes to financial statements CITY OF MILFORD DEBT. SERVICE FUND STATEMENT OF REVENUES AND EXPENDITURES For the Year Ended June 30, 1978 Revenues: General property taxes $ 1,870 Delinquent prior years' taxes 1 68 Total revenue , $ 2,038 Expenditures: Bonds retired 4,000 Interest paid I96 Paying agent's fees 21 Total expenditures 4 ,21 7 Excess (deficiency) of revenues over expenditures $(2 f 1 79) See notes to financial statements CITY OF MILFORD . GENERAL FUND STATEMENT OF REVENUES, EXPENDITURES AND COMPARISON WITH BUDGET AND PRIOR YEAR For the Year Ended June 30, 1978 OVER FY 1977 1978 (UNDER) ACTUAL BUDGET ' ACTUAL BUDGET " PRIOR YEAR Revenues : Taxes : General property taxes $ 38,000 35,534 (2,)66) 36,44l Delinquent prior years' taxes 3,179 3,179 Sales and use taxes 25,000 28,857 .3,857 25,)42 Total taxes 63,000 67,570 ),570 61 ,883 Licenses and permits: Buildings and construction permits ' 1 .224 1 ,224 265 Business licenses M00 3,731 (269) ),178 Other licenses and permits 2,000 84 0 (1, 160) 905 Total 1 icenses and permits 6,000 5,795 (205) 5,3)8 Intergovernmental revenue: Federal grants 51,500 29,31) (22,186) 39,7)0 Federal sr. .ed revenue 1,978 16,597 1,619 6,515 State grants . 1 200 200 1 00 State shared revenue- 6,962 7,33) 372 7, 129 County grant : -136 1 ,836 1,000 Total intergovernmental ' , revenue . 73 MO 56,281 (17,159) 55,784 Charges for services: Swimming pool 00 M77 23 2,978 Cemetery fees 2,000 1 -f -otal charges for services 6,100 5,9)2 (158) ),)83 Fin-s and forfeitures: ; - Cojrt f nes 2,00 2390 9 J269 1. ' Miscellaneous revenue: g g g0g y ; Rents anc concessions (11,991) 2,026 Miscellaneous revenue i,Ou 23. v ii- ToUl miscellaneous (H,473) 2 ,632 J revenue ' j General fund surplus . -JlJII 1672) j , Total revenue . $ MMk 138,755 (30,707) 11199 Expenditures: General qovernment: , Council $ 5,)00 5,397 (3) Municipal court 2,500 2,582 82 2,297 i ! ' Treasurer 5,300 ),97) (326 j ; Recorder 1M00 1 1 675 2 ,325 . ! Attorney 2.800 1 ,.l6 (1,384) ! ; Non-departmental (Note 8) 8,200 19,062 10,862 Elections 500 279 (221) Administration (prior year not allocated to departments) 7 2 , M 7 j Total general government 38,700 )5,385 6,685 )),77) j Poncrtment 31 ,8, 2 28,207 (3 605) 2236 ' Fire department . 3,600 3,083 (517) 3,294 ?oPtaf puMic safety 35jU 31,290 JJ22) 7,530 ' Public health 8,100 84 J0l6) lit! CITY OF MILFORD WATER UTILITY FUND STATEMENT OF REVENUE AND EXPENSE For the Year Ended June 30, 1978 Operating revenues: Water sales $ 71 ,819 Water connection fees 1,251 Interest income 75 Total operating revenue $ 73,145 Operating expenses before depreciation: Salaries and wages 26,265 . Employee benefits 6,992 Operating supplies and maintenance 3,)06 Special department supplies 5,022 Power and pumping 1),039 Telephone 1)8 Interest expense 502 Auditing 528 Subscription and memberships 50 Continued on Next Page) |