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Show THE AMERICAN FORK CITIZEN, Thursday, October 16, 1958 EXHIBIT "D" AMERICAN FORK CITY SEWER AND WATER FUND . BALANCE SHEET AS AT DECEMBER SI, 1957 ASSETS CURRENT ASSETS " Accounts Receivable $ 12,578.73 Less Reserve for Bad Debts 1,757.18 INVESTMENTS Capitol Stock American Fork Irrigation Co I UTILITY PLANT IN SERVICE (At Appraised Values 123150 pins subsequent additions cost) Land 13,478.75 Water Rights & Supply 47,053.14 Water Storage Tanks 53,000.00 . Dlstrlbutlorl Mains 233307.94 Meters & Hydrants 51,848.78 Sewer Collection System 539,844.32 Sewer Treatment Plant 187,797.29 Pump 1st East & 5th North 8,82158 Well & Pump 6th East & 7th North 13,218.84 Machinery & Equipment 5,120.18 Autos & Trucks 2,914.52 Furniture & Fixtures 3377.95 Buildings 1,983.90 1,095,74130 Less: Reserve for Depreciation 189,562.94 , 906,178.36 LIABILITIES RESERVES, CONTRIBUTIONS AND SURPLUS CURRENT LIABILITIES Bank Overdraft 25,237.67 Due to Sewer & Water Revenue Bond Sinking Fund 28,475.26 BONDS PAYABLE Total Liabilities ' CONTRIBUTIONS Contributions in aid to Construction SURPLUS Unappropriated Surplus Total Liabilities, Reserves, Contributions & Surplus 10,821.55 25,697.70 966,710.25 $ 1,003,229.50 53,712.93 612,000.00 665,712.93 203,168.41 134348.16 $ 1,003,22950 EXHIBIT "E" AMERICAN FORK CITY SEWER AND WATER FUND STATEMENT OF INCOME AND EXPENSE FOR THE Sewer OPERATING INCOME Sewer Service Charge $ 37,061.17 Water Sales Water Rental TOTAL 'OPERATING INCOME $ 37,061.17 OPERATING EXPENSE Assessments on Water Stock Auto & Travel Depreciation "'VPJJf Insurance :9t? Legal & Audit 170.44 Maintenance & Repairs 511.15 Labor 'iY Miscellaneous r?2i Office & Administrative Salaries 3,805.72 U?'L::::::::::::::: igS Truck Expense TiHS Bad Debts 185-30 Engineering TOTAL OPERATING EXPENSE $ 26,100.50 Net Operating Income $ 10,960.67 Non-Operating Income Miscellaneous Income TOTAL 10,960.67 Non-Operating Expense Interest on Bonds 15,7lf Paying Agents Fees 51-55 TOTAL NON-OPERATING EXPENSE $ 15,79555 NET INCOME (LOSS) FOR YEAR $ (4,834.88) YEAR 1957 Water 57,446.04 1,234.75 Total $ 37,061.17 57,446.04 1,234.75 $ 58,680.79 $ 95,741.96 86050 203.02 8,745.16 'i70"44 2,054.69 99.90 754.80 3,805.71 587.08 7,220.00 1,520.53 1,53139 311.27 287.23 45532 86050 406.00 23,251.71 14039 340.88 2,565.84 99.90 1,113.71 7,611.43 1,174.13 10,760.00 2,101.29 2,730.94 622.47 47253 45532 $ 28,607.04 $ 30,073.75 485.52 $ 54,707.54 $ 41,034.42 48552 $ 30,559.27 $ 41,519.94 3,646.25 17.00 19,39035 6855 3,66335 19,458.80 $ 26,896.02 $ 22,061.14 EXHIBIT "F" AMERICAN FORK CITY CEMETERY FUND V BALANCE SHEET AS AT DECEMBER 31, 1957 ASSETS Cash Perpetual Care Trust Fund $ Investments Am. Fork Veterans Memorial Pool Construction Bond Notes Receivable from Special Improvement Funds Due From General Fund - Unsold Cemetery Lots . Accrued Interest Income Building & Equipment Truck Improvements Other than Buildings Less Reserve for Depreciation 1,736.43 786.24 130839 3,830.96 1,145.79 44059 1,000.00 241.73 87,750.00 6,040.10 2250 2,685.17 $ 98,180.09 LIABILITIES, RESERVES AND SUPPLIES LIABILITIES Cash Operating Fund Overdraft RESERVES Cemetery Perpetual Care Trust Fund SURPLUS Unappropriated Surplus (Deficit) TOTAL LIABILITIES, RESERVES, & SURPLUS 14,352.01 89,420.26 (5,592.18) $ 98,180.09 EXHIBIT "G" AMERICAN FORK CITY CEMETERY FUND STATEMENT OF INCOME AND EXPENSE FOR THE YEAR 1957 OPERATING INCOME Grave Opening Charges lf88 Seasonal Care Assessments Miscellaneous Income Interest Income 8WAM TOTAL OPERATING INCOME OPERATING EXPENSE TnKrt ' 2,690.00 Labor i goi 4 Supplies & Repairs 2430 Miscellaneous SMono Salaries :. 3,540 00 5,973.47 Truck Expense Power Depreciation NET LOSS : ..t AMERICAN FORK CITY . SPECIAL ASSESSMENT FUNDS BALANCE SHEET AS AT DECEMBER 31, 1957 154.91 1.00 29134 831939 ($2,845.92) EXHIBIT TT ASSETS Dlst. No. 1 Dist No. 3 Dlst. No. 4 Dlst. No. 5 Dist. No. 6 Dist No. 7 TOTAL. Cash Assessments Receivable ... Special Assessment Lelns Due from other Funds $ 1,267.91 $ 351.15 $ 230 iii'sn "32ra M&bi $ 1549.49 $ 497.21 $ 3,668.14 837.79 24,002.82 72,025. 18 97.4G3.TO KM 13540 1,25430 TOTAL ASSETS $ 1,441.98 383.88 $ 50731 $ 837.79 $26,80631 $ 73,122.47 $103J0P4 Liabilities and Surplus LiabUities Notes payable Cemetery Fund Contracts Payable Bonds Payable 241.73 241.73 2365.00 235.00 23550.00 72,874.85 9,424J5 TOTAL LIABILITIES Surplus Unappropriated Surplus ... 241.73 25,915.00 72,874.85 99,0315 1,441.98 383.88 507.31 596.06 891.51 247.62 4,0683ft $ 1,44138 $ 383.88 $ 507.31 $837.79 $26,80631 $ 73,122.47 $103 ,099 .94 EXHIBIT "I" AMERICAN FORK CITY SEWER AND WATER REVENUE BOND SINKING FUND BALANCE SHEET AS AT DECEMBER 31, 1937 ASSETS Current Assets Cash In Bank $ 2,04130 Due from Sewer and Water Fund 28,475.26 Accrued Interest Income 93.75 TOTAL CURRENT ASSETS Investments 2,( U.S. Treasury Bonds due November 11, 1961 TOTAL ASSETS LIABILITIES AND SURPLUS Surplus Unappropriated Surplus - $ 30,61031 $ 30,000.00 $ 60,61031 $ 60,61031 EXHIBIT "J" AMERICAN FORK CITY SEWER AND. WATER REVENUE BOND SINKING FUND STATEMENT OF INCOME AND EXPENSE FOR THE YEAR 1957 Income Transfers from Sewer and Water Fund Interest Income - TOTAL INCOME Expense Bond Principal Payments 7,000.00 Bond Interest Payments 13319.00 Paying Agents Fees 5155 NET INCOME $ 29,042.22 750.00 $ 29,792.22 2037055 $ 9,421.67 J EXHIBIT "K" AMERICAN FORK CITY STATEMENT OF CHANGES IN GENERAL FIXED ASSETS ? FOR THE YEAR 1957 Balance Sales & Balance at 1-1-57 Additions Retirements at 12-31-57 General Fixed Assets Land $ 33,850.00 $33,850.00 Buildings 34,83232 34,83232 Improvements other than Buildings 5,88556 451.72 6337.28 Machinery & Equipment 85,204.29 12,490.98 ' 3,245.08 94,450.19 TOTALS...: $159,772.17 $12,942.70 $3,245.08 $169,469.79 Investment in General Fixed Assets From Current Revenues 144,022.17 12,942.70 3,245.08 153,719.79 From Gifts 6,000.00 6,000.00 From Federal Grants 9,750.00 9,750.00 TOTALS $159,772.17 $12,942.70 $3,245.08 $169,469.79 EXHIBIT "LT AMERICAN FORK CITY ANALYSIS OF SURPLUS FOR THE YEAR ENDED DECEMBER 31, 1957 General Fund Balance at January 1, 1957 ($24,706.36) Add: Excess Revenues over expenditures for year Appropriation for 1953 Deficit 5,000.00 Transfers from Sewer and Water Revenue Sinking Fund Sewer & Water Fund $ 120,958.69 22,061.14 Sewer & Water Special Revenue Sink- Cemetery Assessment Fund Fund Fund $ 51,886.64 9,421.67 ($ 2,746.26) $ 259.90 3,808.46 TOTAL. $144,954.61 35391.27 5,000.00 TOTAL Deduct: Excess of expenditures over revenues lor year Transfers to Sewer and water Revenues Bona Sinking Fund TOTAL DEDUCTIONS (Exhibit "A") 20,370.55 2037035 , (19,70636) 163,390.38 60,610.31 (2,746.26 ) 4,068.36 205,616.43 4,838.29 2,845.92 7,68338 I 29,042.22 29,04232 4,838.29 29,042.22 2,845.92 36,726.43 . ($24,544.65) $ 134,348.16 $ 60,610.31 ($ 5,592.18) $4,06836 $168,89000) Figures in brackets indicate minus figures. ATTEST: Stephen P. She'lley City Recorder. State of Utah, County of Utah, ss. v I hereby certify the foregoing to be a full, true and correct statement as approved by the City Council of American Fork City Utah, on September 30, 1958. (Seal) ' Stephen P. Shelley, City Recorder. |