| Show morgan city corporation statement of receipts and disbursements for the fiscal ye year ar ending endina dec december 31 1941 RECEIPTS balance on hand january 1 1942 GENERAL TAXES general fund streets and sidewalks cemetery and public grounds and lot sales licenses fines and forfeitures miscellaneous water collections 1 I 1 total receipts disbursements GENERAL FUND officials salaries 5 printing and stationery telephone and telegram 2166 2165 83 city city health court fire department police department election travel in including eluding colv exp eap 2014 truck expense miscellaneous Ala mayors contingent 2814 litterest interest paid STREET AND SIDEWALKS maintenance labor material cemeteries AND PUBLIC GROUNDS labor material waterworks WATER WORKS labor Blat material erial WHITE WAY 1 I total disbursements 2 increase Ir crease in net equity I 1 i CITY CORI corporation ORATION 13 BALANCE ALANCE SHEET AS OP DECEMBER 31 1941 assets continued on lust last page morgan city corporation statement of hecei receipt P I 1 ind and disbursements for the fiscal year endi december 1941 continued from page 1 CURRENT ASSETS treasurers Treasur ers account bank account less warrants outstanding 7 00 FIXED ASSETS waterworks Water works system 01 1 streets and sidewalks S 88 public grounds and cemeteries w office equipment 1 I 01 1 n fire department j total fixed assets 1 total assets VM fal liabilities and capital CAPITAL i net E equity morgan morga city 1 l MORGAN CITY corporation MUNICIPAL POWER PLANT S STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED DECEMBER 31 1941 INCOME power and light sales less customers discount f i penalties collected as miscellaneous income 6 total income 1 I GENERAL EXPENSE superintendents salary office salary printing and stationery 1 I I 1 T telephone e and telegram 4 truck expense travel interest on meter deposit bond interest interest notes payable miscellaneous 1544 05 bad debts depreciation office equipment 1957 1967 POWER PLANT plant operators salary H E oper maint of dam H E oper miscellaneous H E oper labor diesel plant fuel oil diesel plant lub oil diesel plant miscellaneous diesel plant labor depreciation electric plant distribution SYSTEM maint of meters operators salary lador labor miscellaneous 2752 mint maint of service lines maint of st lights depreciation dist system total expenses net profit for year 82 BALANCE SHEET assets CURRENT ASSETS cash on hand dec 31 1941 1600 1500 bank deposit regular bank deposit sinking fund accounts receivable less reserve for un uncollected collected accounts miscellaneous accounts 2048 2648 total current assets FIXED ASSETS land I 1 water and right of way 2777 55 power powe r plant less reserve for depreciation 89 distribution system less reserve for depreciation 1 I office equipment less reserve for depreciation 26 total fixed assets J W 88 total assets S 58 liabilities iti es an and d ne network t wort th h CURRENT liabilities accounts and notes payable accrued interest on notes payable meter deposits OTHER liabilities bonds issued outstanding NET WORTH total equity of morgan city power plant total liabilities and net worth 69 1 louise taggart recorder of state or morgan city morgan county utah do 6 hereby cornet coAT certify that the above foregoing statements are true an correct copi of 8 the pol power plant financial status 3 of morgan W city and the murld as they appear on record in 31 1941 an WITNESS MY 0 office as of december the h e corporate c 0 r t e seal B al of 0 f morgan city I 1 have hereunto 6 set stale my ewt hand and this affixed and 2nd ate morgan of utah d county ty state day a y of 0 february br u ar y 1942 19 4 2 SEAL LOUISE TAGGART published february brry Fe 13 1942 city y recorder Reco 1 |
