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Show EXHIBIT (Continued from Forward Page) EXHIBIT -l Continued Investments: Investments In Water Stock Contributions to Sinking Fund B- THE LEHI FREE PRESS, THURSDAY, APRIL 27, 1972 -2 LEHI CITY MUNICIPAL CORPORATION SEWER AND WATER FUND INCOME STATEMENT TWELVE MONTHS ENDED JUNE 31, 1970 205 $ 4,756 Total Investments Iff uwnu 4,961 Operating Income: Water Sales Sewer Service Charges $1.678.646 Other Revenue Total Assets LIABILITIES, Long Term B- CONTRIBUTIONS SURPLUS AND Obligations: $ 308,000 197 1,980 Total Current Liabilities 2,177 Contributions: Contributions In Aid to Construction Contributions By Municipality Contributions By Federal Government 8 $242,618 682,615 355,012 $124,871 Operating Expenses: Salaries $41,799 and Wages 10 Subscriptions and Memberships Office Supplies and Expense Equipment Operation and Maintenance Building & Grounds - Operation & Maintenance Professional and Technical Services General Insurance Workmen's Compensation Insurance Group Insurance Social Security Employee's Retirement System Operation and Maintenance Other Expense 1,346 1,685 126 1,016 1,182 415 1,850 2,052 1,737 9,379 538 624 45, 119 Bad Debts Total Contributions Depreciation A.280J24J) 79,564 45,299 Total Operating Revenue Bonds Payable Current Liabilities: State Insurance Fund Payable Customer's Meter Deposits $ MAUI STREET BY BETTY FOWLER . R . member when, a few years ago, nearly every home had a heatrola in the parlor? The parlor door was, more often than not, kept closed to conserve on coal and wood, so the range in the kitchen was used for a multitude of purposes. Besides providing a generous area of cooking space, it was fired up every Monday morning to heat the water in the copper boilers so the weekly wash could be done. On winter days we'd dry the clothes on chairs or The racks around the stove. room would be steamy and smell There like White King soap. were always flat iron on the back of the range ready to do full of irthe bushel basket (most of it starched!) oning, In the evenings we'd gather 'round the range to shake the popper over the red hot surface till the popper was is the appearance of a "Home Comfort" range among the anat Porter's Place. tiques There's also an antique poster with the "Most Wanted" outlaws of days gone by, a hook and receiver telephone that works, and incandescent light globes hanging from the ceiling. Say! I'll bet that musket on the wall might stir up memories for some folks I know of! Verl D. Stone Seeks Re-Electi- on As Commissioner Commission Utah County Chairman, Verl D. Stone announces his candidacy for to the Utah County Commission term. for a four-ye- ar He was born in Salem, but has full of snowy white shapes and lived in Spanish Fork for the the dish pan was brimming with last twenty-foyears and has buttery goodness. the Spanish Fork Lumoperated Often after we came in out of ber Company for the last twenty-tthe cold, our Moms would adwo years. monish us to "Let down the Prior to his service in the oven door, dearie, and get yourcommission, he served four Once our broself warm." Spanish Fork City years as ther, Arlie tried to get warm Councilman and was serving his down without letting the door second term in the State Legisand "Fearless Malleable" was lature at the time of his apbranded forever on his backside. pointment as Utah County ComThen there were the times missioner. He also was Repuin early spring when orphan blican Chairman of Voting Dislambs would be babied and protrict No. 4 several terms. tected, and fed in the warmth Several programs have been of a box placed by the kindset up in Utah County during Mr. ling and coal back of the kitStone's term in the commission. chen stove. Among these are the cooperaRemember the Saturday night tive sanitary disposal system of ritual when the round tin tub hauling garbage, a county-wiwould be placed in front of the beautifi cation committee, a merit open oven door as each family system for county employees, a member took a turn getting his functional water sewer and storm weekly bath? It seems the neighdrain policy, establishing abusi-ne- ss bors always chose this time to regulations department knock at the kitchen door on the national building ly to be greeted with the dicodes and upgrading the building rective, "Go to the front door, interest in seeking a political please, the Missus is takin' her position came about after many bath." years as manager of his own Or, how about when that cav- business as the result of his ernous oven would yeild up to desire to see if government often loaves of Mom's delicious fices cannot be operated as efbread and a pan of biscuits, too ? ficiently and economically as What brought' all this to mind businesses. long-handl- ed Total Operating Expenses $108,878 ur Profit Net Surplus: Unappropriated Surplus $ From 88,224 Less Expenses: Non-Operat- ing Interest $1.678.646 Total Liabilities, Contributions and Surplus EXHIBIT $ Operations Agent's Fees on Bonds and Paying Contributions to Other Funds Total B- -3 $11,317 11,270 22,587 Expenses Non-Operat- ing 15,993 LEHI CITY MUNICIPAL CORPORATION FUND ANALYSIS OF CHARGES IN UNAPPROPRIATED SURPLUS TWELVE MONTHS ENDED JUNE 30, 1971 SEWER AND Unappropriated Surplus - July 1, Net Loss WATER ($ EXHIBIT LEHI CITY MUNICIPAL CORPORATION ELECTRIC UTILITY FUND 1970 $94,816 : Net Loss for Twelve Months Ended June 30, 1971 Unappropriated Surplus - June 30, 6,592 1971 D- -l de BALANCE SHEET JUNE 30, 1971 ASSETS Fixed Assets: Deduct 6.594) Cost Depreciation $ 5,966 Transmission Equipment 428,262 237,627 Land $ Net 5,966 $ 190,635 (Continued on Next Page) $88 .224 profit-maki- ng CORPORATION - ALL FUNDS - COMBINED BALANCE SHEETS JUNE 30, 1971 LEHI CITY MUNICIPAL EXHIBIT Sewer and Total ASSETS Petty Cash Cash In $ Bank 50 $ 170,084 Accounts Receivable Assessments Receivable Due From Other Funds Investment in Water Stock Contributions to Sinking Fund General Water Fund Fund 50 86,444 24,224 49,066 $4,352,513 General General Fixed Assets $ 803 66,880 67,653 31,223 10,042 961,217 19,112 472,372 483,776 $19,431 $2.189.990 for Depreciation $ 781,805 $ 506.904 Less Reserve for Bad Debts $ 11,541 $ 4,440 $ 793,346 $ 511.344 Total Assets $ 9,815 2,069,235 Less Reserve Total Deductions Fund General Bonded Debt Bonded Debt Sinking Fund and Interest 798 Retirement of Bonds and Interest 961,217 68,178 Buildings and Equipment 2,541,607 Utility Plant in Service General Fixed Assets 483,776 Total $ 11,174 4,756 provided for the Special Assessment Fund 14,182 11,972 205 be Fund 463 4,756 Electric Utility Sewer Construction Fund $ 47,937 18,791 205 to Water Construction $ 8,207 4,756 Amounts Sewer and Water Revenue Bond Sinking Fund $3.559.167 $1.678.646 $ 6 463 $ $23.997 $626.815 $10,845 $31,223 $961,217 $483,776 $10.845 $31.223 $961.217 $483.776 $274,901 7,101 $ $282,002 $ 4.756 $344.813 Liabilities, Contributions, Reserves and Surplus Liabilities: to Other Funds $ 11,972 Notes 28,958 Payable Anticipation Customer's Meter Deposits 5,470 Bonds Payable 1,001,000 Interest Payable in Future Years 290,217 Accounts Payable 2,462 Due to Metropolitan Water Dist. 11,000 Due Tax Total Liabilities Contributions: Contribution In Aid to Construction Contributions by Municipality Total Contributions Reserves : Reserve For Water Con3tructi Surplus: Unappropriated Surplus Unappropriated Surplus Class "C" Road Fund Investment in General Fixed Assets Total Surplus $1.351.079 $ $ 798 $ 393,788 8,207 1,300 $ $ 9,759 $ 115 $ 3,490 16,000 6,000 197 $40.756 $ 310,177 $ 242,618 682,615 $17.300 $1.280.245 $ ($29,532) $ $ $. $ $. 88,224 671,000 290,217 2,265 11.000 $1.321 .854 463 $ 1,980 308,000 258,157 708,685 $ $ 28,958 $ 4,756 $ 5,755 $ 15,539 26,070 $ 41,609 $15,759 $ 115 961,217 $ 463 $ $ $ $ 6,697 $297,449 $(4,914) $31,108 $ 8,207 483.776 $ 885.771 Total Liabilities, Contributions, Reserves and Surplus '$??'167 483.776 ($21 .325) $ 88.224 $1,679.646 $ 4.756 LJtJAL ? 6.697 $297.449 $'4,014) $ 31.108 $ $23.997 $344.813 $10.845 $ 31.223 $ $ l 463 $483.776 961.217 J- -l |