Show Bountiful Job Well Done In the audit audi t report on the General Fund Income and ex expenditures expenditures expenditures ex- ex for the city of Boun Bountiful ti ful for the year ending June 30 1967 the auditor from Haskins and Sells commented The fhe city has done an excellent job this past year HE SAID expenditures were more or less in line with the previous year although salaries and wages had gone up Balancing Balancing Balancing Balanc Balanc- ing those increases other de departmental departmental departmental de- de expenses had been reduced He pointed out that the fire department un d e r n t its budget by 1856 The public safety department its budget by 2100 THE JUDICIAL budget was only 11 over its Us budget and the police department overspent by only 52 although Its budget in included included included in- in the purchase of an additional additional additional addi addi- auto and an increase in salaries Mr Oliver stated that A A budget is actually only a tool or guide for operations Its It's impossible to spend exactly to the budget but the units have kept well within their individual budgets HE ALSO said Bountiful has enjoyed a tre tremendous growth during the last three to four years There has been a ten million Increase In assessed valuation since 1962 alone The tax levy has gone down from 20 mills to 15 In the same Collections show a 99 collection collection col col- I lection of or taxes during the fiscal year 67 1966 which reflects fa favorably favorably favorably fa- fa on the citizens of Boun Boun- tHul They pay their bills bUls A RESUME of the Income and expenditure in the General Fund shows a total Income Including Class C C road funds of Class C C road funds come from the state and represent represent represent sent the city's share of the state auto license Income The purpose is for the money to be used for streets and street equipment within the city The fund is given to a city upon application application ap ap- ap- ap and is regulated by the number of or miles mUes of road existing existing exist exist- ing plus the population plus the total square miles within the city EXPENDITURES were broken brok brok- en down to administrative operation operation operation op op- of the city hall court and salaries public public public pub pub- lic safety civil defense fire department police department public works en engineering engineering en- en building inspection street department waste collection collection col col- lection parks and recreation swimming maintenance maintenance maintenance nance cemetery The city spent 7 with In excess of In Income income income in- in come over expenditures Tl This s amount goes into the surplus fund wl which ch Is Isan isan isan an emergency fund and cannot be spent except in cases of ex extreme extreme ex- ex emergency or to fill an interim between the time ta tax money is budgeted and when received from the county All sums of money used from the fund are on a borrowed basis According to law a city the size of Bountiful should have in the surplus fund The amount is set according to a formula based upon size of the city to Income WHEN ITS maxi maximum mum is reached a city Is obligated to reduce the mill mm levy Funds in inthe inthe inthe the surplus at present including the 23 total The capital tal 1 improve Improvement men t fund another budgeted fund to accumulate money Is maintained maintained maintained main main- for Improving the city By law a city can accumulate funds a reasonably indefinite time toward eventual spending Income including the balance from 67 1966 for capital improvements improvements improvements im im- amounted to PRIMARY contributions to the fund came from sales tax and profits from the Bountiful Power and Light Company All sales tax money is allocated to the capital improvement fund said d Grant P P. P Peterson Bountiful ful ful city manager No portion of it is used for the general operation operation operation oper oper- of the city Out of the expenditures made from the fund last year was a cash outlay for a new approximately fire truck and approximately on land and Improvements to land INCOME FROM the city's invested monies short term In Investment Investment investment In- In vestment between the time money money money mon mon- ey comes Into the treasury and when It Is needed amounted to nearly This is roughly equivalent to a two-mill two additional additional additional addi addi- i tax levy if It residents of i Bountiful were assessed the I same amount Mr Peterson estimated es es- es lk Ik I |