| Show Notes inancial to Summary of significant Utility accounting policies billed to revenues basis a monthly on read are (con’t) Statements have been estimated recorded Inventories (Continued when recorded service accounts customers Unbilled June at ) are 1984 30 and meters receivable appropriately are revenue as materials and for the supplies Enterprise unds of principally of used in the the materials repair distribution and transmission collection treatment systems valued at cost and for first-in first-out are accounted a on of consisting basis Property plant Enterprise lives unds the of use and straight-line at equipment carried in the are cost of is Depreciation these by assets computed method their estimated over useful follows: as Years Buildings Improvements Budgets The as 1 budgetary Prior July and The Between May proposed 5-10 10 financial the is statements established the 'to resolution or The to Mayor budget submits budget City Council a proposed the commencing following proposed expenditures and the year includes June 1'5 the City Council reviews adjusts and the budget 15 is public a through adopted unexpended another within hearing of passage or the inance appropriation a department City reduce Council may resolution the budget during public hearing to increase a resolution or The to from amount the budget the is from may transfer any expenditure City by Council may transfer unencumbered any department in one a one fund same increase budget the year The fund’s budget (Continued) and Director amount department Director within held is resolution a inance authorize the appropriation unexpended another the to fiscal the revenues June adopted account fund and 1 before or of sources unencumbered 24 20-40 equipment fixtures in for operating Mayor’s On the 1 budget 1 After p0 buildings accounting reflected May to legally 5 urniture data proposed 3 and than follows: operating 2 Machinery budgetary and 20-40 other City of Council it before any must can fund hold pass 'by a the |
