Show 1 j summary of audit for I 1 two year period ithe the audit report as compiled by beesley wood and company ot of the books ot of j park city municipal corporation tor for the years 1932 33 under former mayor J F welsh was accepted by the mayor and city y council u and ordered filed the city xe orco recorder c e r was ins instructed t ducted to me file copy of same w with I 1 t h the state auditor audit included an analysis of cash receipts and disbursements for the two I 1 year period ending december 31 1933 and the verification ot of the assets and liabilities of the city as at this date in the analysis of operations checked receipts with sources of revenue whenever practical and disbursements with creditors invoices and authorizations as contained in the board minutes I 1 petty cash fund of 00 was verified by bank reconcilement and general cash in bank of 11 by correspondence direct with officials of the first national bank of park city where the funds were on deposit I 1 the ledger accounts of water consumers in the amount of 60 was examined and checked these accounts have increased during the last I 1 two year period this being due to economic conditions the city provided work in 1933 whereby water users were em cra aloyed and paid by giving credit on water accounts in the amoun amount 0 of during this period cemetery accounts increased making a total of many of the accounts showed no change since the last audit unpaid licenses and tines fines of represent due on licenses and on fines taxes due from summit county at the end of 1933 included a balance of on tax sale redemption and an estimated balance of on current 1933 taxes making a total of 1546 03 which amount was verified by communication with the county treasurer total assessments made in connection with the installed lighting district no 1 amounted to 32 on which there I 1 was paid as principal leaving a balance owing at the end of 1933 of 53 notes payable of 00 represented an obligation of park city to the first national bank of park city dated june 30 1933 and due december 31 1933 with interest at six per cent paid to the latter date this was verified by correspondence direct with the bank accounts payable have materially increased during the past two years increasing from 2606 84 at the close of 1931 to 84 at december 31 1933 few items made up the major portions of the total namely a balance due utah power and light company of 63 and silver king mining company 4 00 bonds outstanding at december 31 1 1933 to divided into the following issues water works date 6 1 26 due serially interest paid 5 per cent 00 sewer seiver bonds date 6 1 26 due serially interest paid I 1 00 5 per cent street improvement date 6 1 1 26 due serially interest paid 5 per cent 00 new water system date 41 4 1 i 30 due serially interest paid 5 per cent 00 lighting district no I 1 date I 1 4 1 31 due serially est paid 5 per cent 0 during the period under audit bonds in the amount of 00 were redeemed as they tell fell due park city never defaulting on either bonds or interest the surety bonds on city bonds of bank and insurance policies were all examined I 1 I 1 fidelity bonds in force december 31 1833 1933 and subject to renewal january 1 1934 were ere as follows I 1 mayor and five councilmen 00 cita treasurer city recorder city justice six other city officials each 00 security provided by the first national bank of park city as protection tor for the city cites a money on deposit consisted ot of par value in V U S security bonds ot of this amount were held in trust by the walker bank and trust company in salt lake city and 00 were in the custody ot of the city trust funds funds on deposit in the above bank at december 31 1933 were fire insurance ot of isoo 1500 00 carried on the building and contents of 0 city offices and rid 70 on the warehouse group liability I 1 b ty insurance ns urance Is maintained for city firemen examination of bills and claims presented tor for payment suggests the recommendation men dation that greater care be exercised in approving items to insure that pro per accounts account be charged with the expenditures tures this can be helped considerably by the proper verification of invoices by department heads beads and a definite statement as la to ac account cont to be charged they commended the business like way in which monthly budgets were prepared by bv the recorder and considered I by the city council the minutes minute and been neatly and accurately kept and all a 1 l accounted fo tor r ra have been properly the books ot the city are in argument agu ment 1 with this report tax levies voted by the city council I 1 in the two year period were as aa follows 1933 1932 CO contingent expenses emills 5 mills 5 mills str ei and sidewalks amill 4 mills 4 mills B nd redemption and interest 14 mills 13 nulls mills library amill 1 mill I 1 mi mill U 24 mills T 23 mills the levy tor for 1933 was assessed on a v valuation of 0 00 |