Show Total unction & General government Public expenditures and $1248987 recreation 693895 Total $5244482 Agency The $172314 143709 Court Agency and forfeitures fines 181331 Circuit 81382 10000 to $578736 frnmd d f"ndubaance However' f q of X decrease General the ' aSLyrra the of balance 1279 has maintained down was decrease due was bUd9eted °f been $840757 of This ShOrtfa" 3 und taX pr°perty The forwarded are Revenue (Library) City the is sources o City Library accounted Property decrease a for period of almost 8199 of totally The decreased 11 Expenditures $18502 by revenue $199 for and or964 and fiscal 1980 adequate by fund level for Murray Revenue state Corporation City Sharing and for grants its Library Special Assessment unds which assessments levied account to are be against is City's down was for water operating the utility fixed due past from ederal Block general obligation a fiscal and present other of of certain in or part public from City's bonds for past the and year continues operating 30 This amount less $1103238 688824 $1002550 348676 361269 following show for which were through rates not have has is years been changed doubled presented that in in the with year 1972 the and Comparative following revenue bonds of outstanding issued for XI data continue cost Cash obligation and temporarily from 988 10 to sewer idle 186 City's and the the rating gains utility operating in did not rapidly increasing effect into income years is figure $ 328084 64345 of to for $48121 cost for fiscal in the gains purchased of the number the end of 1981 the sewer past two fiscal position same which - report the of they City State Al Aa the maturity $91234 the in last invested the time in fiscal year between divided were The the and year was During 1979 $6450474 4654691 1509160 $5353682 3845674 1340431 deposits ending demand ranging June 30 deposits average yield on investments during amount of interest earned $352738 was more than the interest earned from temporary fiscal year Audit law the requires of in (8 16) included been (174 preparation without 2209 continues customers year A revenue rate should data to in this the Auditor's for the two and net income and the to increase last members good due brighten this of political each ' subdivision report report efficient Office and of my thanks in of the assisted City financial for the my have to their operations certified also interest of and the City manner Respectfully submitted (decrease) Percent $1096792 2049 809017 168729 2104 Clifford 1259 City Page 5 J Auditor Brown to City all in a A accounting technical thank to support net fiscal the public able like was our of preparation its provided would accomplished staff appreciation independent I be entire contributed who not could of express our manner Commission the to and to basis services Company professional conducting progressive & timely a like extended also is ox a who staff on dedicated would I 79) show However general and of Acknowledgements (35842) operating body opinion has firm and year governing tabulations: 1980 carried the und power fiscal have service Increase Operating revenue Operating expenses Net income purposes this of Percent (112466) Comparative following debt totaled sewer power to tax or expend public funds to cause an audit to be made of its accounts by a competent independent certified public accountant This requirement has been complied with and the auditors' Sewer the operate the 72464 Utility successful and with pace near presented a revenue keep put had 1980 Management resources deposits 9012 time assistance power obligations are 30 section bonds cash investments special City's system sanitary statistical the (349) members The City June revenue bonds to year was 1256 amount was 1958 The Power of follows: as during days latter The 04 30 the Percent (decrease) $439409 (48121) the at regarding have to years r having loss a data $979 $403567 400548 cost Depreciation accounting and water the in information Increase Operating revenue Operating expenses Net income (loss) the of original value City's bonds Cash tabulation: 180 the assets assets und fiscal since time present performance Moody's Utah system the the in fixed fixed general represents in used the exclude year tabulation: $100688 112810 (12593) Utility the in Administration Table gains the (decrease) 576014 ended utility sewer the their than assets and 1980 Independent City's discussed as investors Increase The County improvements Comparative costs the in to income Net 1979 Sewer fixed those are special 1980 Operating revenue Operating expenses Net income and Lake law Cities functions June and Total several Water customers presented 1980 bonds detailed more und successful are Salt property increasing years fines Assets recognized funds VIII Table General Grants financing wholly Utility number rapidly to two had of not is assets the unds the for benefited and revenue As considerably General in returned All projects for paid either is or State Utah Trans-Jordan ixed City $10246363 to and the of funds enterprise $1690000 all of received Assessment Water The for Debt The Special by County Entity" governmental und of Development capital deposit the and Lake forfeitures Corporation City deposits Salt the unds funding Community federal bail the $129 Projects uses amounted general same All Capital bail and ished agent assets general enterprise assets of the balance The the the amounts for the fines Murray Reporting fixed general City financing which encumbrances Unreserved und Library was maintained at an balance was increased last over year other of taxes property on of sales und dependent total its taxes by increased is the case a into establ disbursing "The of Murray for Department account General Special which of to revenue The to Murray percentages upon section unan-tLx and used at the an is the of Upon hearing defendant or taken forfeitures $123328 to und Court the based InheadeauSaet7i unds 1979 over 2382 4185 2110 1323 2194743 1106857 improvements public total of safety Highways Parks and Increase Percent encumbrances in the planning responsible |