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Show PLEASANT GROVE CITY Statement of Revenues and Expenditures for the Year Ended June 30, 1971 GENERAL FUND Revenues: Gravel Sales $ 6,884 General Property Taxes 96,884 Franchise Taxes 13,548 Sales Taxes 24,863 Business Licenses 5,895 Building ond Construction Permits ' 5,691 Dog Licenses 2,597 Fines and Forfeitures 10,404 State Liquor Fund Allotment 5,029 Refuse Collection Charges 28,217 Irrigation Water Rentals and Assessments Assess-ments - net 936 Library Fines and Fees 571 Cemetery Fees 2,437 Out-of-city Police and Fire Service 5,071 Earnings on Investments - Cemetery Perpetual Care Fund 3,844 Miscellaneous Revenues 2,655 TOTAL $215,426 Class "C" Rood Fund 6,282 Collector Road Fund 1,344 7,626 TOTAL REVENUES $223,052 Expenditures: General Government: ADMINISTRATIVE: " . Salaries . $ 6,791 Subscriptions and memberships - 949 Ordinances and publications : 824 Office expense and supplies ; 513 Telephone 808 Legal and auditing 1,763 Insurance 4,087 Employee benefits 16,788 Interest expense 4,018 Contributions .. 1,007 Industrial development 65 Uncollectible accounts ; . 1,216 Miscellaneous expense 401 Equipment 247 Total Administrative ': $ 39,477 MUNICIPAL COURT: Justice fees $ 2,220 Speciol departmental supplies 174 Total Municipal Court $ 2,394 CITY HALL BUILDINGS: Salaries $ 900 Buildings and grounds - operating supplies and maintenance 1,250 Total City Hall Buildings $ 2,150 Total General Government $ 44,021 SEWER AND WATER FUND Statement of Income and Expense for the Year Ended June 30, 1971 Operating Income Water Sewer Total Water Sales and Sewer Service Charges $69,010 $53,670 $122,680 Operating Expenses , Salaries and Wages 15,932 16, 71 32,103 Subscriptions and memberships 430 420 850 Office expense and supplies 1,315 1,115 2,430 Equipment - operating supplies and maintenance 683 893 . 1,576 Building and grounds - - operating supplies ond maintenance 257 325 582 Power and pumping 4,307 2,228 Special departmental supplies 1,650 8,680 o',,V Professional services 2,175 1,139 3,31 4 Insurance 1,419 1,419 3,240 Employee benefits 2,695 2,927 5,622 Miscellaneous expense 826 851 1,275 ' Total Operating Expenses 31,689 36,168 67,857 Operating Income Before Depreciation 37,321 17,502 54,823 Depreciation - 17,783 21,220 39,003 Operating Income 19,538 (3,718) 15,820 Non-operating Income - Interest Earned 1,775 1,775 3,550 TOTAI 21,313 (1,943) 19,370 Non-Operating Expense: Interest on bonds 5,863 12,887 18,750 Loss on sale of equipment 383 383 Other interest expense 480 480 Paying agents' fees 66 75 '41 Total Non-Operating Expense 6,792 12,962 19,754 Net Income (Loss) for the Year $14,521 $(14,905) $ (384) Sewer and Water Fund Balance Sheet, June 30, 1971 ASSETS CURRENT ASSETS: Cash and time deposits $70,864 Accounts Receivable (less allowance for doubtful accounts: 1971, $550; 1970, $325) 9,022 Total Current Assets $ 79,886 RESTRICTED ASSETS: Contruction Fund: Cosh in bank (overdraft) $ (25,289) Due from purchaser of general obligation bonds sold but not issued . 395,000 Bond Retirement and Interest - cash in bank 12,193 Contingencies and Improvements Fund - time certificates of deposit . 5,000 Reserve Fund.- time certificates of deposit 25,000 Total Restricted Assets -- 411,904 UTILITY PLANT IN SERVICE - (less accumulated deprecation: 1971, $471,251; $1970, $433,384) 1,335,044 CONSTRUCTION IN PROGRESS - water system project 25,289 TOTAL ASSETS $1,852,123 LIABILITIES, RESERVES, CONTRIBUTIONS, AND RETAINED PREMIUMS CURRENT LIABILITIES (payable from current assets) - consumers' deposits $ 4,972 CURRENT LIABILITIES (payable from restricted assets) - bonds payable within one year 50,000 Total Current Liabilities $ 54,972 LONG-TERM DEBT: Bonds payable (less portion due within one year) 765,000 Note payable. Cemetery Perpetual Care Fund) 12,000 Total Long-Term Debt 777,000 RESERVES: Reserves for contingencies and improvements -- 5,000 Reserve for retirement of bonds 25,000 Total Reserves 30,000 CONTRIBUTIONS: In aid to construction 273,467 Federal grant 11 5,765 Municipality's contribution 352,794 Total Contributions 742,026 RETAINED EARNINGS 248,125 TOTAI $1,852,123 Public Safety: POLICE DEPARTMENT: Salaries and wages $33,946 Liquor law enforcement 6,300 Salaries - dog control 1,234 Telephone 322 Equipment - operating supplies and maintenance 3,898 Special departmental supplies 3,637 Dog Control expenses 836 Miscellaneous expenses 2,160 Equipment 5,456 Building - auxiliary police 1,304 Total Police Department $ 59,093 FIRE DEPARTMENT: Salaries ond wages $ 5,917 Equipment - operating supplies and maintenance 600 Buildings ond grounds - operating supplies and maintenance 881 Equipment 440 Special departmental supplies 283 Total Fire Deportment $ 8,121 CIVIL DEFENSE: Miscellaneous Expense 239 Total Public Safety 67,453 Public Works: STREETS AND HIGHWAYS: Salaries and wages $18,309 Equipment - operating supplies and maintenance 6,500 Special departmental supplies 3,509 Engineering - 1,841 Street lighting 9,144 Miscellaneous expense 9 Land tl..... 5,000 Total 44,312 Class "C" Road Fund - rood repairs, construction and equipment 6,282 Collector Road Fund - maintenance 1,344 Total Streets ond Highways 51,938 WASTE COLLECTION AND DISPOSAL: Salaries ond wages 14,739 Equipment - operating supplies ond maintenance 2,635 Disposal site maintenance 4,449 Equipment 1,424 Total Waste Collection ond Disposal 23,247 Total Public Works 75,185 Public Health Expense 1,450 Public Library: Salaries $ 2,688 Telephone 138 Buildings and grounds - operating supplies and maintenance 259 Library books, magazines, etc. 1,176 Total Public Library 4,261 Porks, Recreation and Cemetery: PARKS: Salaries and wages $ 5,464 Equipment - operating' supplies and maintenance 395 Buildings ond grounds - operating supplies and maintenance 254 Special departmental supplies 1,130 Engineering - boll park complex 1,097 Equipment 388 Land -options 951 Total Parks 9 679 RECREATION: Senior Citizens 1,000 City Recreation" Program 3,693 Rodeo Grounds 2,431 Total Recreation ' 7 124 CEMETERY: Salaries ond wages 5,382 Equipment - operating supplies and maintenance 232 Special departmental supplies 1,910 Miscellaneous expense 8 Equipment 282 Total Cemetery 7,814 Totol Porks, Recreation & Cemetery 24,617 TOTAL EXPENSES , $216,987 Excess of Revenues over Expenses 6,065 General Fund Balance Sheet June 30, 1971 CASH AND TIME DEPOSITS - Class "C" Road Fund ..$ 12,803 ACCOUNTS RECEIVABLE (less allowance for doubtful accounts: 1971, $12,000; 1970, $11,000) 12,807 DUE FROM CLASS "C" ROAD FUND 3 360 STATE INSURANCE FUND DEPOSIT, ETC 950 ImwL1" IN WATER ST0CK- at Co 58,373 INVENTORY OF SUPPLIES - at Cost - 5 900 AMOUNT TO BE PROVIDED FROM FUTURE REVENUE FOR GRAVEL PIT PURCHASE 15,000 TOTAL ASSETS . -$108,473 LIABILITIES, RESERVES, AND FUND DEFICIT LIABILITIES: Bank Overdraft $ 43 815 Contract Payable 5900 Due to General Fund - Class "C" Road Fund"""""" 3360 Interfund Notes Payable - Cemetery Perpetual Core Fund - 79,000 Total Liabilities 132 075 RESERVES - Unexpended Class "C" Road Fund's" ""IIIIIII I 8'723 FUND DEFICIT (32,325) TOTAL .TT0M73 1 DEBT SERVICE FUNDS Statement of Revenues and Expenditures for the Year Ended June 30, 1971 Total Sewer Street REVENUES: ani Water Improvements General' Property Taxes -$19,379 $14,135 $ 5,244 EXPENDITURES: Bonds retired 14,000 10,000 4,000 Interest on bonds 6,323 5,742 581 Paying agents' fees 65 51 14 Total Expenditures - 20,388 15,793 4,595 Excess of Revenues (Expenditures) -$(1,009) $(1,658) $64j? Special Assessment Fund Balance Sheet, June 30, 1971 ASSETS CASH . - $ 81 ASSESSMENTS RECEIVABLE: Street oiling and paving projects $1,141 Curb and Gutter District No. 1 957-1 226 Curb, Gutter, ond Driveway District No. 1965-A 836 Total Assessments Receivable 2,203 Allowance for uncollectible assessments (1,078) Assessments Receivable - net 1,1 25 TOTAL ASSETS $1,206 LIABILITIES AND FUND DEFICIT LIABILITIES - Note Payable, Cemetery Perpetual Care Fund --$ 4,600 FUND DEFICIT - (3,394) TOTAL LIABILITIES AND FUND DEFICIT --$ 1,206 Cemetery Perpetual Care Fund Balance Sheet, June 30, 1971 ASSETS CASH $ 8,130 INTERFUND NOTES RECEIVABLE 95,600 ' ACCOUNTS RECEIVABLE 1,011 TOTAL ASSETS ,$104,741 RESERVES Reserve for Uncollected Perpetual Care Accounts $ 1,011 Perpetual Care Trust Fund . 103,730 TOTAL RESERVES -$104,741 ATTEST: State of Utah ) County of Utah ) ss. I, Mark Johnson, City Recorder of Pleasant Grove City, Utah, do hereby certify that the foregoing is a true and correct statement as opproved by the City Council of Pleasant Grove City, Utah. MARK JOHNSON, City Recorder |