| Show $ I® --jpl Jw Ljg Notes inancial to t f June gi J ' LU Accounting Significant CORPORATION CITY MURRAY Statements 1977 30 Policies pol-tCieo accounting significant the items comprise following or in financial statements the fund disclosed elsewhere not in preparing City which Murray Corporation follows thereto funds financial statements: its presenting I The notes and J of Basis r funds All 1 Accounting basis City the of the for except " 1 unds $ unds Under J Intra-Municipal which on time maintained a on unds Enterprise Service the accrual und and real are revenues and personal for cash except Expenditures earned when accrued incurred liabilities are in accrual modified Improvements Capital the Trust and Agency basis basis accrual modified the received which are the are are recorded when taxes property at recorded are Depreciation ! and service plant in water utility electric in included in (assets service plant and utility sewer straight-line basis the is unds) provided on Enterprise of the assets lives respective useful the estimated over of Depreciation h ' as follows: in Plant Estimated Utility Service Electric Useful 25 service system engines combustion and Distribution Internal Hydraulic 20 20 plant Transmission Power garage lines and office building and t 1 Sewer in 25 Years Years Utility Service Water district: Buildings improvements Other Equipment 2033 Years 33 Years Years 4t20 Sewer district: Buildings Other- 20-40 Years 33-40 Years improvements 4-20 Equipment No depreciation Years 25 Equipment Plant Years Years Years 5-10 Water Life is taken in the year an asset is Years acquired |
