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Show THE LEHI FREE PRESS Fmmdd Sflafeiiient of lehi Qty for the Year 1967 (Continued from forward page) LEHI CITY MUNICIPAL EXHIBIT CORPORATION BALANCE JUNE SHEET Fixed Assets: Cost $ Land 5,435 Automobiles and Trucks 10,032 Buildings and Structures 4,126 22,593 Maintenance Equipment 21,431 Pumping Equipment 19,439 Pump Wells 2,047 Chlorinating Equipment Water Distribution Syst728,289 797,987 Sewer System 5,493 Office Equipment 52,300 Reservoir Totals $1,699,172 $ $ 6,949 477 8,068 6,739 8,461 1,912 SEWER CONSTRUCTION BALANCE JUNE FUND SHEET 30. 1967 $15,738 7,500 11,294 to Other Funds 665 82 266 Warrants Payable 381 1,500 1,292 429 ind 0 Depreciation Surety Bonds Total Operating Expenses 7,500 Net Profit 18,000 Less Non-operati- ng 1,077 4,758 10,892 60 120,749 from Operations 58,918 $ Expenses: 38.000 Contributions to Other Funds Profit $25,900 Net 20,918 $ 11,499 D- -l LEHI CITY MUNICIPAL CORPORATION ELECTRIC UTILITY FUND BALANCE SHEET JUNE 30, 1967 AND SURPLUS Bonds Payable 367,000 $ Current Liabilities: State Insurance Fund Payable Customers' Meter Deposits Total Current Liabilities $ Fixed Assets: Cost Land 236 Transmission Equipment 1,530 1,766 363,029 805 Buildings Trucks and' Equipment 22,027 Office Furniture and Totals $174,983 491,300 235,537 901,820 Surplus: 100,839 Surplus Total Liabilities, Contributions and Surplus $1,371,425 EXHIBIT LEHI CITY MUNICIPAL STATEMENT 30, 1967 Operating Income: Water Sales $ Sewer Service Charges Other Revenue Total Operating Revenue 73,924 39,843 489 $114,256 Operating Expenses: Salaries and Wages Subscriptions and Memberships Office Supplies and Expense Equipment Repairs Gas and Oil Professional and Technical Services Vehicle Insurance Fire Insurance Workmen's Compensation Insurance Surety Bonds Group Insurance Social Security ' Employees Retirement System Maintenance and Operations Other Expense Bad Debts Depreciation Total Operating Expenses 169,081 5,454 $218,376 2,424 Net Profit for Twelve Months Ended June 30, 3,436 Unappropriated Surplus - June 30, $175,729 2Q918 1967 $ 196 , 49 5 1967 NOTICE TO CREDITORS In the Matter of the Estate of FLORENCE BEVERLY $13,645 $44,302 6,749 Accounts Receivable Less Reserve for Bad Debts 51,198 Total Current Assets $226,927 Total Assets LIABILITIES AND SURPLUS James Beverly Creditors will present claims with vouchers to the undersigned Administratrix at the office ofO. DeVere Wootton, Attorney at Law, Suite 12 Geneva Building, 8 North Center, American Fork, Utah, on or before April 12th, 1968; claims must be presented in accordance with the provisions 5, of Utah Code Annotated 1953, and with proper verification as required therein. Wilma Greenwood Administratrix First Publication: January 11, 1968 in the Lehi Free Press. Last Publication: February 1, The Lehi Free Press West Main Street, Lehi, Utah Second Class Postage Paid at Lehi Post Office, Lehi, Utah 32 84043. 75-9-- 185 1..267 $. 2,910 $ Surplus: Lehi City Investment Unappropriated MAGNOLA aka Mrs. 37,553 4,36; A weekly newspaper devoted to the interest and welfare of Lehi City Published by the Free Preu Publishing Co. every Thursday E. Russell Innes, Publisher 1968. $ 26,070 Subscription Price (in advance) 196,495 Surplus Total Surplus 222,565 Total Liabilities and Surplus $32,940 $175,577 1, 1966 A 422 Current Liabilities: State Sales Tax Payable State Insurance Fund Payable Customers' Meter Deposits Total Current Liabilities CORPORATION TWELVE MONTHS ENDED JUNE 193,948 383 18,591 Current Assets: Cash In Bank B- -2 SEWER AND WATER FUND INCOME 7,878 $394,105 Equipment Contributions: Contributions In Aid to'' Construction Contributions ly Municipality Contributions By Federal Government Total Contributions ' D- -3 366 $ $ Unappropriated Surplus - July Net Depreciation 366 $ EXHIBIT LEHI CITY MUNICIPAL CORPORATION ELECTRIC UTILITY FUND ANALYSIS OF CHARGES IN UNAPPROPRIATED SURPLUS TWELVE MONTHS ENDED JUNE 30, 1967 ASSETS One thing the Russians haven't claimed to be first at is the invention of the credit card. $3.50 $226,927 23 EXHIBIT fi-- 1 1,413 863 542 794 379 359 396 LEHI CITY MUNICIPAL CORPORATION SPECIAL ASSESSMENT FUND BALANCE SHEET JUNE 30, 1967 96 1,500 1,369 1,134 7,803 ASSETS 380 569 Net Profit from Operations Special Special Special Special Special Improvement Street Fund Improvement Improvement Improvement Improvement Cash In Bank 36,317 $ District $ 86,877 Assessments Receivable 27,379 Due From 252 323 3 District $ 554 4 District $ 1,586 1,696 Other Funds Total Assets Expenses: 505 61A District $ Total 62 1,269 $ 22,304 13,524 5,246 339 339 $252 2,651 $2,358 $2,140 $5,751 $14,793 $25,294 129 $1,252 $1,060 $ $ $13,388 Paying Agents' Fees Contribution? to Other Funds 51 9,775 Net Profit or (Loss) 23,214 4,165 $ LEHI CITY MUNICIPAL CORPORATION EXHIBIT C- LIABILITIES AND SURPLUS -l Due To WATER CONSTRUCTION FUND BALANCE SHEET JUNE 66,011 Miscellaneous Vehicle Insurance Fire Insurance Retirement 400 $ Total Liabilities and Reserves Obligations: on Bonds 489 461 Equipment Repairs Gas and Oil Power Purchased System Malnt. and Oprts. EXHIBIT Non-operati- ng 1,248 Bad Debt Expense AND RESERVES Prior to Assessment $1,371,425 Unappropriated 470 and Expei Social Security Reserves 205 $30,668 sri Workmen's Compensation Group Insurance 25,572 $25,900 Total Assets Due 37,248 LIABILITIES. CONTRIBUTIONS Other Funds Cash In Bank - Certificate of Deposit $ Bonds Payable Total Liabilities Cash In Bank $ 1,400 3,841 Warrants Payable 30, 1967 ASSETS Total Assets 328 $ Payment Received 12,377 $ $179,667 ( Sewer Service Lines Under Construction Total Assets Interest omce supplies $17,371 Investments: Investments In Water Stock Contributions to Sinking Fund Total Investments id Subscrpts. and Mbrshlps. 2 66-- B Cash In Bank Total Current Assets Less C-- ASSETS $1,322,678 3,361 Penal Total Income LEHI CITY MUNICIPAL CORPORATION LIABILITIES Accounts Receivable Less Reserve for Bad Debts Due from Other Funds 8 1,344 $17,088 135 3,542 2,615 $346,494 $178,315 Merchandise and Job Sale and 17.088 EXHIBIT 575,119 643,426 1,951 49,685 Current Assets: Cash In Bank Long Term $9,684 7,404 Works Program 10,978 153,170 154,561 30, 1967 F Fines. Forfeits, Less Operating Expenses: Salaries and Wages Net 5,435 3,083 3,649 14,525 14,692 Depreciation . Electricity Sales Grant Reserve for Water Line Construction Total Liabilities and Reserves ASSETS , INCOME STATEMENT TWELVE MONTHS ENDED JUNE Income: Reserves: Accelerated Public 30, 1967 D- -2 LEHI CITY MUNICIPAL CORPORATION ELECTRIC UTILITY FUND Liabilities: SEWER AND WATER FUND 1. 1966 EXHIBIT AND RESERVES LIABILITIES B- -l Thursday. Feb. $ 6,688 10,400 $17,088 Unappropriated Surplus Total Liabilities and Surplus 129 $1,252 $ $ $252 $2,229 $ $252 $2,358 $2,140 888 5,000 17,000 22,000 $6,060 $18,400 $25,841 $(3,607) $ $14,793 $25,294 $ (309) $5,751 (Continued on next page) (547) |