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Show - IDA Sunday Herald m ?; PROVO CITY CORPORATION STATEMENT PROVO CITY CORPORATION OF REVENUES AND" EXPENDITURES CTMPARAT1VELSTATEMENT IN COMPARISON WITH BUDGET ESTIMATES YEAR ENDED JUNE 3, IKS GENERAL FUND , ' Revenues : Property Taxes . Other Taxes ...........1..... Licenses ani Permits Firoi. Forfeitures and Penalties Revenue from Use of Money and Property ... Revenue Iron Other Agencies Charts for Current Services Contribu'ions from Active Funds ,,...... 548 038 $ Total Rccnues ... 408.920 124,500 6.750 40.473 V ( 1) 5.519) 75.244 ( ( 15.538 FUNDS Police Pension Fund Swimming Fund Oar, "C Pool Airport Fund Library Fund Road Fund 144.108 12,170 2.500 1.135 5,640 330 77.867 17.818 2.830 14,989 5.782 76.732 17.208 15.311 184.352 36.090 1.058 2.057 207 309 5.365 21,502 166.681 21,709 3.290" 145.500 . Total Revenues 17.593 Expenditures: Benefit Payments ,..,,,,..,,.,-,,.,Maintenance of Streets Ne- 14.236) Purchases Equipment b,218) Supplies and Expense i 6.0E9) Interest , Bonds- - Redeemed .t.tt 100) .7;;. ,7......... .V Transfer to Other Funds 5,281) 10.021) to Advances Districts Under Obstruction 1,059) New Construction Assessing and Collecting ........ 7 629.057 326,915 12.450 65.328 ... :trarKsMeercation 418889 433.125 642.275 v " 257,233 54.818 1,792,144 Total Expenditures 320,886 12.350 ( 60,047 ( 247,212 53.759 ( ) 382.311 65,742 ' ( 1,742,200 Rei of of (Deficiency! . ELECTRIC DEPARTMENT 1$ ( 49,944) - Excess 11,748 $ 11,748.1 Highway , 32,396 18.634 ; 9,808 60,838 ...$ Expense ...... ... Transmission Expense , Operation Maintenance Other ..... 57,123 96,072 Revenues: Metered Sales 553,093 Flat Rate 5,860 Salerrr Total 8,491 2,747 $ .......... , Total Revenue Operating Expenditures: Source of Supply Expense . Purification Expense ....... Transmission and Distribution Expense Customers' Accounting, "Billing and Collecting Expense Administrative and General 605,263 ................. 79,20' ........ 282,849 Bill-- 46.985 . 69.717 133.842 . Ing and Collection Expense 90,729 6,323 ' 62,888 Total Operating Expenditures ......... 1,553,918 Net Income 7777.7.7 .7777.77 77 $ 178,410 .... 15,569 5,111 . 74,424 4,480 11,359 604 1,531 3,132 10,544 13,678 518 ' 12,305 120 50 600 2,475 3.768 4,164 90 ' - Total Other Expense $ 42,737 .... Total Expense 138,776 Net Income 24.090 160.593 ..... J 168,293 $ 614,838 Total All Funds J ...................... 7.,...'...............'....... General Fund 403.287 $ - , . 3.463 3,051 35,398 2 '$ 62,742 93,874 49,070 133,876 Library Fund Class "C" Pool Road Fund Fund Fund' 1.208 $ Swimming Airport 2.760 $ 9,901 Police Pension and Employees -- Capital Asset Fund . Compensation Fund 5.411 19.284 4.951 74,319 $ 9,294 , $ 194,578 330 11,831 26,179 118,769 20,763 9,153 151,459 ' 604,010 . 8,150 31,078 t.010 158,469 " - 443.454 10,221 90 31,101 27,103 " . 443.454 ' 8,145,860 1,461.591 ' 531,308 687.143 182,271 t,963,589 49,118 1,412,473 531,308 884.470 v. 2,673 158,907 158,907 82,947 82,947 199,558 Net $ 228.800 ASSETS 36, 1965 Sewage' Special Disposal and Improvement Waste Removal Trust and Departments Guaranty Fund 63.524 , - JUNE 82 . 10,221 Pool Plant, Machinery and Equipment Net Electric Department ; Waterworks, Sewage and Waste Removal Departments Deferred Charges and Prepaid Expenses. Amount to be Provided for Bond Retirement $ 660.913 35,398 11.872 165.711 9.153 97,570 164,47 7 Wateworks Department 283.758 $ 332,470 151,459 604.010 ..,,,,,,,.,..................., BALANCE SHEET BY FUNDS Electric Department 93.764) ($ 1,733,682 Taxes County Treasurer 7 ........................... . Contracts Receivable Sundry Accounts Receivable .......................................... ' Electric, Water, Sewer, and Waste Removal-Ne-t Tax Sale Deeds Districts Under Construction , Special Improvement Assessments Receivable .. Due From Other Funds s Inventories-Material7. and Supplies Accrued. Interest on U.SrGovefnment Bonds ' Fixed Assets Water and Irrigation System RighU ""' Streets;' Sewers and Improvements ..7 . Buildings and Land Parks and Playgrounds Automobiles and Equipment .7.. Furniture, Fixtures and Equipment .7 Parking Meters ; 4,383,422 .... 4,505538 . ' Total Assets 199,558 . 4,383,422 2,833,124 19,167 .... . 852,009 $ 643 317.' PROVO CITY CORPORATION j Total All Funds in $ $ 48,879 65,949 48,879 6.959 Department $ $ 28,598 -- 1,080 1.512 ' 519,000 - 352,000 807.849 - $ 974.753 $ 36, 1965 2,986 IABILITIES $ $ 248,653 $ 209.923 $ 93.603 $ 203.950 $ 6,277,148 AND SURPLUS Library Fund $ 1.721 Airport Fund $ 3,754 Swimming 7P00I JEund. $ , 276 Class "C" Road Fund $ Police Pension and Employees Compensation Fund Capital Asset Fund $ 1,259 62.781 59,775 222,000 970,000 133,537 133,440 110 4,405 133 107,849 , 1,311,734 -L- 11,445 $ . - - 3.000 1.744,000 352.000 - JUNE ; - 101,398 3.002 1,849,976 Sewage Special Disposal and Improvement Waste Removal Trust and Departments Guaranty Fund 1,823 78,366 . ..." FUNDS Wateworks 37,632 $ 3,182,728 Department ' 79,625 165.260 97,570 $ Electric, Fund . 5,665,404 BALANCE SHEET-- BY 'General; , $114,141 ,.v.. 1,672.114 893 18,774 852,000 8 19.360.900 . 122,908 682,049 ' Surplus 19,856 312,148 Net Income ' Accounts Payable General Contracts Payable . ............. Reserve for Injuries and Damages Customers Deposits .... Due to Other Funds .... Accrued Interest Bonds Payable Revenue .... General Obligation Special Improvement Districts Contributions in Aid of Construction 181,513 43.672 Net Income PROVO CITY CORPORATION Cash on Hand and in Banks Invested in United States Bonds Accounts Receivable $ Expenditures 12,095 154,150 Revenues,... 6,662 y - Total Operating 17,542 .... Expense 480,441 $ 2,416 3,132 122.827 Total Maintenance Expense .............. Other Expenses Insurance Depreciation .............. Uncollectible Accounts .... Special Services Injuries and Damages Employees Welfare Expense. ................ Retirement Fund Employees Retirement . . . Communication Svstem ... ' 130.449 95.059 Total Operating Expenses Maintenance Expenses Supervision .......... Trucks ............... $179,097 Operating Expenditures: Operating Expenses ........ Maintenance Expertses :....v Customers' Accounting: Bill-ing and Collecting Expense General and Administrative Expenses, i.. - Sales Promotion Expense ,7 Administrative and General Expense'......... " Unappropriated Reserve for Bond Retirement Invested In Fixed Assets . June 30, ' Revenues: Sales to Customers : Other 2,485 44.280 Service Installations Other ....... .......... 46,310 Total Distribution 1 1964 to PROVO CITY CORP. SEWAGE DISPOSAL DEPARTMENT STATEMENT OF OPERATIONS , YEAR ENDED JUNE 30, 1965 425.185 $ . . 5.782 . 177.702 Total Revenue .. Expenses: Operating Expenses Supervision Truck Labor Disposal Plant Labor Gas and Oil Disposal Plant Operation ............... Supplies ...... n v. Miscellaneous Expense, ... - - PROVO CITY CORP. WATERWORKS DEPARTMENT STATEMENT OF OPERATIONS YEAR ENDED JUNE 30, 1965. i 14,989 Revenue: Sanitation Service Sales Miscellaneous 255.637 408,832 Total Transmission Expense Distribution Expenses Swimming 69.197 SANITATION DEPARTMENT PROVO CITY CORP. . . STATEMENT OF OPERATIONS YEAR ENDED JUNE 38, 1965 . Respectfully submitted, PROVO CITY CORPORATION TERRY J. OLDROYD, City Auditor - . v Total Generation JToUi Expenses 25.?41 250S2t 1$ The financial records of Provo City have been independently audited by the firm of Olsen, Gardner and Squire, Certified Public Accountants of Provo City, Utah. $2,107,918 ;,...;.......;. Expense . w; . Customers' Accounting, 2X1 ,$ 75 2,168,756 Other 191.763 - the twelve month period.from July 1 of the said Fiscal Procedures Act. 10-10-- ............... Operation Maintenance 34.005 S UTAH: The report submitted herewith covers 1965 in conformance with Section 75.301 8.673 : 17?65 j Pursuant to the provisions of Section of the Municipal Fiscal,Procedures Act, &. enacted by the 1161 Utah State Legislature, 1 submit, herewith a report of the financial condition of Provo City, Utah at the close of busine.ss on June 30, 1965. ( . 68.115 348.306 September 26, 1965 1,209,962 3,4)0 ,iiim T 10-10-- 182,271 393 . . Total Electric Energy Sales Forfeit Discounts and Penalties Interest on Investments Miscellanous Total Revenus . Expenses: Generation Expense - Operation Maintenance ....... Other 'A Revenues Over Eroenriiturps of Deficiency) TO THE CITIZENS OF PROVO CITY, ...... Lighting 5.000 V 822,655 5.691 16,871 179.709 1965 $ 2.673 6,819.' 66,780 35.595 328 PROVO CITY CORPORATION Revenues: Sales of Electric Energy Residential and Domestic . Commercial and Industrial ......... Public Street and 502 132,500 A STATEMENT OF OPERATIONS YEAR ENDED JUNE 38, 942 328 .... . : cpts over Expenditures 54.833 . Total Expenditures Excess Fund A. , Expenditures: general Government .... Public Safety Public Works Public Health ... Planning and Engineering Employees' 61,692 1,730,452 1,792,144 , ( .130.8M 288.464 125,375 363,708 1,144) 2,432) 1.993) ( 150,944 126.932 8.743 40.474 - I Federal, State and County Payments Traasfer from Other Funds ,. ,. Principal Assessments Interest on Assessments Interest on Investments Service nd P.ental Receipts Fees and Sales of Books . tlUMII Sale of Bonds". . . . ......... .7 -- 27,043) 24.580 575.f8t1t $ 433.500 149.800 . UNDER OR Revenues: (OVER! Taxes ....... BUDGET Contribtttions- - ACTUAL BUDGET Special Improvement Trust Guaranty Fiuid Fund 7 - SPECIAL OF REVENUES AND EXPENDITURES YEAR ENDED JUNE 31, 11 ' Total Liabilities and Surplus n- .... Jt it - ; - 8,873,226 145,000 5,614,657 $ 19,360.900 4 4,889,047 144,891 ' ; - $ 613,317 $ -- 587.516 2,772,976 - .7 5,665,404 . $ S.182.7U 162,499 10,088 61,986 9,584 93,471 v 95,000 50,000 141,168 (99,558 $ 1,849,976 I 974,753 $ 11.415 I 248,853 $ 209,923 ..J,415,099 I 93.603 $ 203,950 $.6,277,141 |