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Show AUOIT DF TfllVrJ'S BOOKSS O & BIHBHJM CAUyOfi I JFIJJE SHAPE Report of Kelly & Qompany, Who Audited Booka Shows Township to ti : Free from Debt, With a Balance og $41,689.47 After a Five Year Period. Repojrt is Considered to be One of the Best In the State. j , A detailed audit Kf the books and accounts of the Town of Bingham Canyon for the five pear period tnded December 31, 1924, lia jost kceft completed by Lincoll jf. Kelly and Company,' certified public arcOuntai',' and the aduitor's repfnt i -now on file in the clerk's office. . " ' ' "f The report of tho .auditori "which "was submitted fb the town board Wednesday Wed-nesday evening was gone over thoroughly, and much , favorable comment was heard from the fcjy dads who were unanimous in proclaiming that the past five years havejbeen handled with the best of care by Town Clerk Francis W., Quinn, t ; , t . ,'' - ' ' , i - . " It was at, the inst;Kation of Mr. Quinn that the five year audit wa? taken, and that he was justified in "having it done is manifest n the wonderful showing made. f . ; - - - :, Mr. Quinn, as jivell as the town board are to be congratulated upon the report of the auditori, and it is only" through diligent work that the wonderful wonder-ful showing has bees? made possible. . ' -' , v i ' ' The report is sel explanatory, showing that bonds totaling $U,000-were redeemed during thiipast five years ' " v a' .' The balance sHc4t submitted as Exhibit "A" of the report' shows, the town's tot lainvestmjjmts in permanent improvements, buildings, and fixed assets to be $127,72l.&). J The bonded debt of the town at December. 31, 1924, is shown fo be $58,()O0. A large proportion of the outstanding bonds, however, how-ever, are redeemable in annual installments of $2,000 per year. In lieu of providing a sinking-fund for the redemption of bonds, payments on the bonded bond-ed debt have been made from current revenue and during the period covered by the audit bonds totaling $11,000 were' redeemed and cancelled. , ;f The expenses- Of tlhe town have been kept well within' the' revenue. The excess' of revenue Wer expenses (ot the five year period, as shown Jby Exhibit Ex-hibit ;"BW of the" audiipt's reporg total. $4i.68?.47. This arrtount was invested in fixed assets and oHier permanent improvements during the year, together with other items, the". total expenditures for capital additions, being $51,632.63. The following i$,a summary of the revenue and' expense, for the five-eai five-eai period: K ' ' ' i f. REVENUE " . ' : Taxe: and ' Licenses .:..:.X.....-l...t:..$147,476.94 Fine and Forfeiture 4. Jj; I ; 'J3.443.S0 Water Taxes , -rzzrr" , 37.SX72 1 v . tOonUnued on page 8) ,, , , J , .-.Hi.. - , '. V''""". f " . .'.'I:.'. -,, '-,'..'-'; "?'. ; ; jf";- ' 'W ::-.-'--' " : .v.... .. . , ; T , ! .. ' . 'i .,-. . Audit of Town Books Shows Bingham Fl!ieS T (Contlnoed from Page 1) . " - . ' ' -i J ; ;..:.( Other Miscellaneous Revenue ; .', ,.,...:..;- : 11,438.87 ,; - - . ' ':J-:'T '. Total Revenue.: .' ..-$209,896.03 V TV ' expknses :. '' :--U''' - .... " , . , Administrative Salaries - , 16,810.00 . v Water Department ' . . - - 21,794.66 -. Police Department ; . 32,466.07 " . Health Department i '. 19,743.79 " V V? Street Department J..... -U,...,.n..i . ...'m',....V... .- 42,210.63 Fire Department -.- 5,688.03 , i ' Town Hall Expense . . . i.-, : 9,577.86 ' Interest 1751.09 X. " j K Election Expense ... I... . .....J. ' 386.76 . - ' .J Miscellaneous . 7..... i 2,277.67 '. ' i Total Expense '. JJ-l...-....t.$ 168,206. 56 . Excess of Revenue over Expense for Period ., 41,689.47 - '; The auditors conclude their report by pointing out 4hat all revenue re- ' .' ' : ceived during the period under review has been properly accounted for and ' , . -all disbursements appear to be regular and have been properly authorized x, 'Jy : by the town board. . ' ' .. |