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Show 1 PLEASANT GROVE CITY Statement of Revenues and Expenditure for the Year Ended June 30, 1972 GENERAL FUND Revenues General Sales $ 396 General Property Taxes 1 03,657 Franchise Taxes 14,923 Sales Taxes 30,612 Business Licenses 6,689 Building and Construction Permits 6,096 Dog Licenses 2,565 Fines and Forfeitures 13,788 State Liquor Fund Allotment 5,029 Refuse Collection Charges 33,948 Irrigation Water Rentals and Assessments, Assess-ments, Net 587 Library Fines and Fees 458 Cemetery Fees 3,120 Out-of-City Fire Service 3,696 Earnings on Investments - Cemetery Perpetual Care Fund 3,744 Sale of Real and Personal Property 17,166 Misc. Revenues 5,922 Federal Employment Act Funds 25,570 Class "C" Road Fund 6,002 Collector Road Fund 1,367 TOTAL REVENUE $285,335 Expenditures General Government: ADMINISTRATIVE: Salaries $10,393 Subscriptions and Memberships 1,341 Ordinances and Publications 437 Office Expense and Supplies 1,025 Telephone 535 Legal and Auditing Fees : - 1,615 Insuronce - 3,687 Employee Benefits 1 8,895 Interest Expense 5,681 Contributions -.- 173 Industrial Development 52 Miscellaneous Expense 2,435 Equipment 3,143 Total Administrative $ 49,412 MUNICIPAL COURT: Justice Fees $ 2,400 Special Departmental Supplies 292 Jurors' Fees 31 Totol Municipal Court $ 2,723 CITY HALL BUILDINGS: Salaries $ 1,163 Building and Ground Maintenance 2,257 Total City Hall Buildings $ 3,420 Total General Government $ 55,555 Public Safety: POLICE DEPARTMENT: Salaries and Wages $45,351 Liquor Law Enforcement - 6,300 Salaries - Dog Control 3,758 Telephone 597 Equipment - Operating Supplies 5,259 Special Departmental Supplies 5,605 Dog Control Expenses 557 Miscellaneous Expenses 2,795 Equipment 7,015 Building - Auxiliary Police 3,948 Total Police Department $81,185 FIRE DEPARTMENT: Salaries and Wages $ 5,308 Equipment - Operating Supplies 1,033 Buildings and Grounds Maintenance 494 Equipment 553 Special Departmental Supplies 170 Total Fire Department $ 7,558 CIVIL DEFENSE $ 471 Total Public Safety $ 89,214 Public Works: STREETS AND HIGHWAYS: Salaries and Wages $19,765 Equipment - Operating Supplies 7,601 Special Departmental Supplies 8,006 Engineering 1,737 Street Lighting 1 1,071 Miscellaneous Expense 2,166 Equipment 273 Land 5,000 Total 55,619 Class "C" Road Expenditures 6,002 Collectors Road Expenditures 1,367 Total Streets and Highways $ 62,988 WASTE COLLECTION AND DISPOSAL: Salaries and Wages $20,958 Equipment - Operating Supplies 2,548 Disposal Site Maintenance 2,891 Equipment 2,412 Total Waste Collection & Disposal $ 28,809 Total Public Works $ 91,797 Public Library: Salaries $ 2,990 Telephone 128 Building and Ground Maintenance 205 Library Books, Magazines, etc. 1,261 Total Public Library $ 4,584 Parks, Recreation and Cemetery: PARKS: Salaries $ 8,870 Equipment - Operating Supplies 780 Building and Grounds Maintenance 1,299 Special Departmental Supplies 1,294 Equipment 500 Land 11,534 Total Parks $ 24,277 RECREATION: Operating Expense $ 7,439 CEMETERY: Salaries and Wages $ 7,799 Equipment - Operating Supplies 372 Special Departmental Supplies 1,268 Miscellaneous Expense , 12 Equipment 583 Land 500 Total Cemetery $ 10,534 Total Parks, Recreation & Cemetery $ 42,250 TOTAL EXPENDITURES $284,838 Excess of Revenues Over Expenditures $ 497 General Fund Balance Sheet, June 30, 1972 ASSETS CASH AND TIME DEPOSITS - Class "C" Road Fund $ 6,382 ACCOUNTS RECEIVABLE (less allowance for doubtful accounts: 1972, $11,000; 1971, $12,000) 13,100 DUE FROM OTHER GOVERNMENTAL UNITS 13,968 STATE INSURANCE FUND DEPOSIT, ETC. 974 INTERFUND NOTES RECEIVABLE 73,000 INVENTORY OF SUPPLIES - at Cost 5,900 AMOUNT TO BE PROVIDED FROM FUTURE REVENUE: Gravel Pit Purchase T 10,000 Cemetery Land Purchase 1 8,000 TOTAL ASSETS $141,324 LIABILITIES, RESERVES, AND FUND DEFICIT LIABILITIES: Bonk Overdraft $ 49,873 Accounts Payable 1,153 Contracts Payable 33,684 Interfund Notes Payable - Cemetery Perpetual Care Fund 79,000 Interest Payable 3,060 Total Liabilities - 166,770 RESERVES - Unexpended Class "C" Road Funds 6,382 FUND DEFICIT (31,828) TOTAI --.$141,324 WATER AND SEWER FUND Statement of lncom and Expense for the Year Ended June 30, 1972 Operating Income Water Sewer Total Woter Sales and Sewer Service Charges $100,369 $58,766 $159,135 Operating Expenses: Salaries ond Wages 13,013 17,594 30,607 Subscriptions ond Memberships . 397 397 794 Operating Expense and Supplies 1,153 1,077 2,230 Equipment - Operating Supplies 1,745 932 2,677 Building and Grounds Maintenance - 210 197 407 Power ond Pumping 10,537 2,709 13,246 Special Departmental Supplies 2,491 6,452 8,943 Professional Services 1,490 1,490 2,980 Insurance 1,730 3,498 5,228 Employee Benefits 3,089 3,156 6,245 Miscellaneous Expense j 2,197 1,415 3,612 Total Operating Expenses $ 3,052 $38,917 $ 76,969 Operating Income before Depreciation 62,317 19,849 82,166 Depreciation 18,247 21,917 40,164 Operating Income 44,070 (2,068) 42,002 Non-operating Income - Interest Earned 7,925 730 8,655 TOTAL 51,995 (1,338) 50,657 Non-operating Expenses Interest on. Bonds 15,380 21,792 37,172 Election and Bond Issue Expense 5,728 5,728 Other Interest Expense 400 400 Paying Agents' Fees 62 04 166 Total Non-operating Expense -. 21,570 21,896 43,466 Net Income (Loss) for the Year $ 30,425 (23,234) 7,191 Water and Sewer Fund Balance Sheet, June 30, 1972 ASSETS CURRENT ASSETS: Cosh ond time deposits $ 2,990 Accounts receivable (less allowance for doubtful accounts: 1972, $760; 1971, $550) 12,046 Federal grant receivable 50,000 Total Current Assets 4 65,036 RESTRICTED ASSETS: Construction Fund: Cash in bonk (overdraft) 537 i Bond Retirement and Interest - cash In bank 12,135 4 Contingencies ond Improvements Fund - time certificates of deposit 5,000 Reserve Fund - time certificates of deposit 25,000 Total Restricted Assets 42,672 !- INVESTMENT IN WATER STOCK - At Cost 88,815 i UTILITY PLANT IN SERVICE - less accumulated depreciation : 1972, $511,415; 1971, $471,251) 1,940,223 TOTAL $2,136,746 LIABILITIES, RESERVES, CONTRIBUTIONS, AND RETAINED PREMIUMS CURRENT LIABILITIES (payable from current ossets): Consumers' Deposits $ 6,558 Contracts Payable 46,869 Total 53,427 CURRENT LIABILITIES (payable from restricted assets) - Bonds payable within one year 50,000 Total Current Liabilities $ 103,427 LONG-TERM DEBT: Bonds payable (less portion due within one year) 715,000 Interfund note payable 65,000 Total Long-term Debt 780,000 RESERVES: Reserve for contingencies and improvements 5,000 Reserve for retirement of bonds 25,000 Total Reserves - 30,000 CONTRIBUTIONS: In aid to construction 299,444 Federal grant 315,765 Municipality's contribution 352,794 Total Contributions 968,003 RETAINED EARNINGS 255,316 TOTAL $2,136,746 BOND REDEMPTION AND INTEREST FUND Statement of Revenues and Expenditure for the Year Ended June 30, 1972 Total Sewer Stmt REVENUES: and Water Improvements General Property Taxes .$ 19,799 $15,141 $ 4,658 EXPENDITURES: ; Bonds Retired 14,000 10,000 4,000 Interest on Bonds 5,781 5,366 415 Poying Agents' Fees 70 42 28 Total Expenditures 19,851 15,408 4,443 Excess of Revenues (Expenditures) (52) (267) 215 Golf Course Fund Balance Sheet, June 30, 1972 ASSETS EQUITY IN TRI-CITY GOLF COURSE CORPORATION $108,000 TOTAL ASSETS ,.$108,000 LIABILITIES NOTES PAYABLE - Interfund t s 000 NOTES PAYABLE: ' 5 Due January 1, 1973 $40,000 6 Due January 11, 1973 " 60,000 Total Note Payable " ' qq qqq TOTAL $1 08000 Special Assessment Fund Balance Sheet. June 30, 1972 ASSETS CASH $ 497 ASSESSMENTS RECEIVABLE: Street oiling and paving projects $ 1,141 Curb ond Gutter District No. 1957-1 '226 Curb, Gutter, ond Driveway District No. 1965-A" 236 Total assessments receivable 1,603 Allowance for uncollectible assessments (l'o78) Assessments Receivable - net 525 TOTAL ASSETS TT022 LIABILITIES AND FUND DEFICIT " LIABILITIES - Interfund note payable $ 4 600 FUND DEFICIT (3,578) TOTAL VSS.VS.V.'.'Vtoa Cemetery Perpetual Care Fund Balance Sheet, June 30, 1972 .ru ASSETS CASH 04 540 INTERFUND NOTES RECEIVABLE .. 83 600 ACCOUNTS RECEIVABLE 976 TOTAL ASSETS 1 1 1 1 II II I I $ 1 09, 11 6 RESERVES ' JcSPfu ACC0UNTS 1M?2 TOTAL RESERVES I-IIIIIIIIIIIIIIIfTWU ATTEST: Stote of Utah ) County of Utah ) ss. I, Michael Francom, City Recorder of Pleasant Grove City, Utah, do hereby certify that the foregoing is o true and correct statement a, opprived by the City Council of Pleasant Grove City, Utah. w MICHAEL FRANCOM, City Recorder |