Show a Speaking inancially Municipal of the Honorable Mayor and Members Murray City Corporation Murray Utah 84107 Council Gentlemen: The Annual Comprehensive for state fiscal the law second report that requires class shall prepared inancial ended year "the in conformity City's presented data all including presented is manner operations various to accurate to of the funds fairly City that and understanding gain all in of for material set forth measured all disclosures City's fairness by the the it the to been the A of description City The has prepared been promulgated accordance in National the Council with the Its School that on included not are by from those its of the the however organized under popularly elected school a geographical and name District the government a of this in report boundaries of laws the state performing board is separate a Utah of Murray with District School headed functions different City reader The included City the is accounting disbursing the under cities for agent of laws the Trans-Jordan state of Murray Including on as disbursing the City for agent Utah to of Trans-Jordan ground The directors cities governing bodies of the involved principles Accounting Governmental in their publication Governmental Accounting "NCGA Statement the and inancial Reporting Principles" and Municipal inance in the Association publication "Governmental Accounting Y Auditing and inancial Reporting" by in agreement Governmental are Council entities associated shares City four report report the in -National - organized This inclusion the follows: as in of those the results activity enable have by data and determining by developed for criteria with presentation presented is financial affairs financial of The Accounting and the position necessary first was prepared accuracy of that financial the believe We respects the as the both City the of annual financial principles" accounting requirement and with rests cities in body an accepted generally this Responsibility disclosures designed Director completeness the and with fulfills report which inance Division is governing the to This the 1982 inance present of City Corporation Murray submitted herewith Utah Report 30 June Trans-Jordan as Cities which was joint venture between a operate Cities are The funds Cities are dumping refuse a by appointed held by the City the accounted for In agency funds 's 1 Officers The for the accounting records governmental fund types are maintained on a modified accrual basis with revenues being recorded when available and measurable and expenditures being recorded when the liabilities incurred are Accounting records for the City's enterprise utilize the basis of accounting is similar to that used funds accrual which bv this nrivate businesses Under method of accountino exnenses and in the period in revenues are recorded are recorded as incurred which they are earned three a and governments within and constructing City's Agency reports monthly provided are by the Division inance Utah State law above entities The inouire titles to direetlv that requires annual The is and the Council and Budgetary Mayor Municipal Management level by the maintained at the departmental encumbrance of estimated Durchase amounts orlor to the release of ourchase orders to level orders which would Purchase vendors at the subdepartmontal not until result in the balances released are overrun of departmental additional appropriations are available Comprehensive compared have been The adjusted the period to encumbrance establishment is the controls of to and are order In reflect was made continual of responsibility the when actual amounts actual amounts comparative encumbrances with expenditures in the inancial Annual budget designed Io safeguarding the provide of the to Report be effective upgrading inance of Director reasonable City's system a assets but of Internal not against internal loss the City Ing and provides fire protection and zoning sewer full a funds controlled included by and in are Comprehensive dependent on the the Ratify Annual City and inancial Its purpose its of these reports officers financial or prepared be reports financial of should the elected Report ' en- riOVIWQ and library The for of General 1143 1096 of general source 6184 of general of over the also plann- electricity provides are officials ' water utilities increase an City police services including public improvements recreation General Revenues municipal of range and parks revenue The amount prior und over und functions fiscal 1981 revenues compared fund revenue is the this compared year unctions $5565779 totaled General to 1982 produced tax 6420 of the prior Percent Revenues Amount Taxes ' of $4175808 Licenses and permits intergovernmental Charges for services 328477- ' total year's increases revenue ' ' 406 590 Increase over 7503 225793 mi $327638 ' 9868 76123 229332 412 29871 and forfeitures Interest on Investments W454 165234 4J3 65421 297 55538 Miscellaneous 199481 359 $5565779 10000 TOTAL 7 r The largest year which accounted for and the revenue from various sources tabulation: year are shown in the following fiscal fiscal taxes last 1071 sales to in property of ines The the benefit assurance ’ The Reporting the from unauthorized of financial disposition They also provide the reliability use or the for statements and maintaining preparing financial records internal Director believes the City's accountability of assets The inance the the of include segregation accountino controls which em assets and duties adequately safeguard whenever possible ployees' of financial recording transac provide reasonable assurance of proper tions for ' ' control accounting absolute for established plant in of tor by this interest association an financial Those interested in boards directors the on review are is members control In state production MffVICv Budget which the outside power a membership percent one-third Power Intermountain of The has City the 6741 $570400 V |