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Show 8A SUNDAY HERALD SEPT. SUN?T 1963 29, at September 29, 1963 TO THE CITIZENS OF PROVO CITY, UTAH: Pursuant to the provisions of pectin4.0-10-7- 5 of the Municipal Fiscal Procedures Act, as enacted by the 19Bj$Utah State Legislature, I submit herewith a report of the financial condition of Provo City, Utah GENERAL FUND PROVO CITY CORPORATION COMPARATIVE STATEMENT OF REVENUES AND EXPENDITURES IN COMPARISON WIT II BUDGET ESTIMATES YEAR ENDED JUNE 30, 1963 ACTUAL BUDGET Revenues Property Taxes Other Taxes ... .... Licenses and Permits Fines?, Forfeitures and Penalties Revenue from Use of Money and Property Revenue from Other Agencies Charges for" Current Services ..... Contributions from Active Funds :. Sales of Fixed Assets UNDER OR (OVER) BUDGET Revenues .: , Taxes Contributions .'. Federal, State and County Payments Transfer from Other Funds Principal Assessments Interest on Assessments Interest on Investments Service and Rental Receipts Fees and Sales of Books : ( ( 35,000.00 11,757.48 40,473.57 123,005.05 187,000.00 66,840.62 1,432,620.00 1,550,053.75 309,677.00 558,369.00 320,517.00 10,350.00 65,600.00 231,840.00 62,400.00 268,516.95 558,261.60 320,420.39 10,351.02 50,626.16 226,799.93 61,993.79 41,160.05 1,558,753.00 1,496,969.84 61,783.16 ... , J 105,000.00 6,200.00 40,470.00 109,400.00 187,000.00 Expenditures General Government Public Safety Public Works Public Health Planning and Engineering Parks and Recreation Debt Service Excess or (Deficiency) of Receipts Over Expenditures minimi Total Electric Energy Sales Forfeit Discounts and Penalties Interest on Investments Miscellaneous $ -.- . - Total Revenue Expenses Generation Expense Operation Maintenance Other Generation Expenses 75,416.84 ' 96.61 1.02) 14,973.84 5,040.07 $ 376,579.73 40,903.94 Income 323.52 4,191.92 567.00 6,774.23 17,245.14 78,315.00 11,840.00 3,092.50 6,008.82 4,522.87 42,586.77 672.64 51,079.74 . 555.00 31,023.35 105,200.00 381,235.77 119.90 235.87 6,061.99 119.90 $ 13,423.73 ($ 141,434.39) 10,848.44) ($ 476.37 $ 52.525.87 18,958.86 6,297.86 51,752.38 518,014.12 ($ $ 1,713.72) $ 25,789.13 6,008.82 4,522.87 5,831.18 ($ 1,430.37) "" ii CITY CORPORATION OPERATIONS OF STATEMENT YEAR ENDED JUNE 30, 1963 DEPARTMENT-PROV- O $ PROVO CITY CORPORATION SANITATION DEPARTMENT " OPERATIONS OF STATEMENT ENDED YEAR JUNE 30, 1963 Revenues SEWAGE DISPOSAL DEPARTMENT PRDVO CITY CORPORATION STATEMENT OF OPERATIONS YEAR ENDED JUNE 30, 1963 Sanitation Service Sales Revenues 334,752.97 Sewer Sales to 2,476.68 37,041.07 4,179.87 Customers Other $ 378,450.59 $ ... 124,230.35 2,415.55 Total Revenues Operation Expenditures $ .... Operating Maintenance Structures and Equipment General and Administrative Allowance for Depreciation Interest 50,973.67 4,860.92 38,403.21 137,244.00 5,734.20 126,645.90 2,040.00 35,495.98 Supervision 12,900.85 31,465.35 6,241.16 12,125.20 15,193.77 Total Revenues Expenses Operating Expense Supervision Truck Labor Gas and Oil for Trucks Disposal Plant Labor .... Supplies Disposal Plant Expense .. ...... Miscellaneous 7,967.50 Total Operating .. Expense Maintenance Expense Supervision Maintenance of Trucks 42,798.48 28,475.00 Total Operations Expenditures ... 131,970.73 Total Maintenance and Expense Other Expense u Insurance Depreciation Provision for 5,324,83) ($ Net Loss - 299,948.56 $ 140,175.92 ' 7.00 Miscellaneous 78,502.03 641,214.35 Uncollectible Accounts 268,141.07 Provision for Injuries and Damages Special Services Retirement Fund . Contribution Maintenance Communication System Employees' Welfare Expense and Pension 70,622.17 67,893.40 116.387.ST 254,902.94 79,096.89 12,467.33 140.182.92 2,790.00 82,934.30 4,898.42 6,465.22 605.44 7,846.92 668.29 $ 106,208.59 2,790.00 6,112.48 8,902.48 1,30401 13,310.77 120.00 600.00 100.00 6,842.78 146.72 1,826.74 Total Other Expense 24,251.02 Total Expenses - 139,362.09 Net Income from Operations 820.83 .3,848.67 152,248.69 . 18,958.86 9,939.10 1,408,071.57 fTCt 346.11 16,899.03 - Excess (Deficiency) Revenues Over Expenditures Net Income Total Distribution Expense Customers' Accounting and Collecting Expenses Bales Promotion Expense Administrative and General Expects 2,525.50 1,627.00 90.50 271.59 7,648.08 77,991.4 3,494.53 Interest 179,216.91 Fund Employees' Compensation Fund 86,896.54 Bonds Redeemed Advances to Districts Under Construction New Construction 406.21 Total Operating Expenditures 83,790.99 Total Generation Expense Transmission Expense ..... Distribution Expense Operations Maintenance Other Distribution Expenses 107.40 Maintenance Distribution Lines Maintenance Equipment Administrative and General Expense Allowance for Depreciation Interest $ 482,006.52 60,000.00 202,684.05 26,642.82 356.32 13,543.63 Expenditures Benefit Payments Maintenance of Streets New Equipment Purchases Supplies and Expense Police Pension Fund and "C" Road Fund $ 37,137.82 12,379.27 1,164.36 - Total Revenues 117,433.75) ( Supervision 1,805,724.29 Fund Class "B" Swimming Pool Airport Fund library Fund - Sale of Bonds Total Revenues Operation Expenditures Purchase of Water Pumping Expense 1,742,658.38 Purification Expenses 26,363.39 24,957.20 11,745.32 - Trust SPECIAL, FUNDS 5,056.73 '. Revenues Metered Sales Flat Rate Sales Service Installations .' Other 67,305.01 Improvement . WATERWORKS 946,370.16 Highway Lighting ( 53,083.91 $ 126,133.00) $ 728,983.21 , ( $ Total Expenditures ELECTRIC DEPARTMENT PROVO CITY CORPORATION STATEMENT OF OPERATIONS YEAR ENDED JUNE 30, 1963 Revenues Sale of Electric Energy Residential and Domestic Commercial and Industrial .., Public Street and 31,840.62) 114,050.81 135,850.00 TOTAL EXPENDITURES ( ( $ 470,700.00 343,000.00 . TOTAL REVENUES ( 25,045.97 67,272.41) 15,149.78) 9,050.81) 5,557.48) 3.57) 13,605.05) $ 445,654.03 410,272.41 150,999.78 $ Ac- City Auditor PROVO CITY CORPORATION OF REVENUES AND EXPENDITURES YEAR ENDED JUNE 30, 1963 Special Guaranty Fund j PROVO CITY CORPORATION TERRY J. OLDROYD 10-10-- 26 STATEMENT LEGAL NOTICE NOTICE audited by the firm of Olsen, Gardner and Squire, Certified Public countants of Provo City, Utah. Respectfully submitted, the close of business on June 30, 1963. The report submitted herewith covers the twelve month period from July 1, 1962 to June 30, 1963 in conformance with Section of the said Fiscal Procedures Act. The financial records of Provo City have been independently ? LEGAL LEGAL NOTICE LEGAL NOTICE LEGAL NOTICE LEGAL NOTICE Utah County, Loss on Sale of Trucks $ 397,652.72 Net Loss I 3,027.84) ($ .... PROVO CITY CORPORATION BY FUNDS BALANCE SHEET ASSETS AH Funds ca Hand zs& la Banks Investment in United States Bonds $ Accounts receivable Saxes County Treasurer Special Sewers Sundry Accounts Receivable Electric, Water, Sewer and Wast. Removal Net Tax salt Deeds District Under Construction Contract Receivable Special Improvement Assessments Dat from Other Funds Inventories Materials and Supplies Accrued Interest on Government Bonds Fixed Assets Irrigation System and Water Rights Streets, Sewers and Improvements Buildings and Land Parks and Playgrounds ... Automobiles and Equipment Furniture, Fixtures and Equipment Parking Meters Swimming Pool "Plant, Machinery and Equipment - Electric Net Department Waterworks and Sewage Departments Net Deferred Charges and prepaid Expense Amount to be Provided for Bond Retirement 497.495.78 1,767,756.73 Electric Genera) Fund $ Department 129,145.09 234,671.35 $ 205,756.39 861,327.83 JUNE 30, 1963 Sewage Disposal and Sanitation Departments Waterworks Department $ $ 59,194.77 191,162.60 Special Improvement Trust and Guaranty Funds $ 58,757.50 174,555.76 984.37) 14,969.63 ($ $ and "C" Road Funds Fund 1,939.56 2,995.64 $ 5,948.22 9,903.26 $ Police Pension and Employees Compensation Fund 4,652.88 24,405.55 59,591.52 169,949.20 29,499.23 121,388.76 22,803.76 11,981.92 47,020.66 7,245.85 106,383.62 6,819.14 51,850.591 681,638.25 57,614.67 101,442.57 165,066.00 6,436.351 ' $ 17,733,919.92 443,453.88 2,662,895.48 1,054,838.79 499,846.07 620.612.90 131,243.05 78,349.47 ' 56,117.65 196,088.51 8,643,251.49 3,643,251.49 4,219,037.41 32,202.15 402,000.00 TOTAL ASSETS i 1,675.85 T3.09 443,453.88 2,662,895.48 1,110,956.44 499,846.07 620,612.99 131,243.05 78,349.47 196,088.51 - Capital Asset Fund 289.78 96.60 8,477.39 5,926.39 8,883.77 5,926.39 1,748.94 173,691.75 11,981.92 47,020.66 7,245.85 681,638.25 317,291.45 171,885.14 6,436.33 8,680.19 48,629.94 Swimming Pool Airport Fund Library Fund Class "B" 2,707,336.97 1,511,700.44 1,323.71 30,878.441 i 402,000.00 $ 888,496.07 $ 5,085,955.85 $ 3,095,881.99 $ 1,769,141.17 $ 855,662.23 $ 14,275.04 $ 61,052.85 $ 213,615.84 $ 8 83,997.07 174,602.08 8 5,491,239.73 BALANCE SHEET BY FUNDS PROVO CITY CORPORATION LIABILITIES AND SURPLUS Total All Funds General Accounts Payable Contracts Payable Interim Warrants Payable Reserve for Injuries and Damages .. Customers' Deposits i Due to other Funds Accrued Interest Bonds Payable Revenue General Obligation Special Improvement Districts Contributions in Aid of Construction Surplus Unappropriated Reserve for Bond Retirement Invested in Fixed Assets Total Liabilities and Surplus I $ General Fund 170,750.55 13,271.19 42,448.74 67,833.16 135,641.29 317,291.45 4,766.24 47,542.83 13,271.19 2,041,000.00 402,000.00 631,749.17 797.292.02 5,000.00 402,000.00 7,976,911.83 125,000.00 5,007,964.28 371,856.14 17,733,919.92 888,496.07 i Electric Department Waterworks Department 102,731.29 JUNE 30, 1963 Sewage Disposal and Sanitation Departments 13,933.31 Special Improvement Trust and Guaranty Funds Library Fund 3,120.00 1,748.43 Swimming Pool Fund Airport Fund 1,045.68 21.35 607.66 122.60 4.22 14.20 Class "B" and "C" Road Funds Police Pension and Employees' Compensation Fund Capital Asset Fund 42,448.74 48,825.91 666.13 67,167.03 81,029.00 2,797.39 4,766.24 1,920.00 101,712,87 109,023.59 695000 00 306,000.00 1,035,000.00 27,989.94 33,820.47 2,594,325.87 50,000.00 513,882.55 75,000.00 52,692.29 54,790.67 631,749.17 4,132,464.90 $ 5,085,955.85 $ 3,095,881.99 $ 1,769,141.17 896,681.20 38,800.41 13,106.76 123,553.65 $ 855,662.23 $ 14,275.04 4,909.63 16,905.47 17,317.24 196,088.51 61,052.85 213,615.84 83,997.07 121,909.79 4,794,558.5$ 83,937.07 $ 174,602.08 $ 5.431,233.73 |