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Show PLEASANT GROVE CITY Statement of Revenues and Expenditures for the Year Ended June 30, 1976 GENERAL FUND REVENUES: General property taxes '' Sales taxes 60 5 Franchise taxes 7 077 Business licenses ''Jl! Building and construction permits o oq5 Dog licenses f-r Federal shared revenue ss.oou Federal Employment Act revenue 23,152 State Liquor Fund allotment 10.058 Out-of-city police and fire service 8.347 Ambulance service, including grant 4,321 Refuse collection charges 6 9'6 Swimming pool fees 27 '600 Library fines and fees Cemetery fees 2 Fines and forfeitures 1.000 Earnings on investments 13.528 Gravel sales 1 Sale of real and personal property 97 ' Miscellaneous revenues 21,490 TOTAL 522.310 Class "C" Road Fund revenue 24'040. TOTAL REVENUES, General Fund . $546,351 EXPENDITURES: General Government: ADMINISTRATIVE: Salaries $14,529 Subscriptions and memberships 2,401 Ordinances and publications 1 .784 Office expense and supplies 1.721 Telephone 604 Legal, auditing & professional consultation fees. . 14.532 Insurance 7,103 Employee benefits 51,131 Interest expense 11,225 Contributions 232 Business development .' 1,001 Miscellaneous expense 3,422 Total Administrative 109,685 Liabilities, Reserves, and Fund Balance LIABILITIES: Bank overdraft I 35,587 Tax anticipation notes payable - 5 and 6'2 dueDec. 31. 1976 144.770 Accounts payable and accrued liabilities 54.662 Interfund notes payable 83.200 Contracts payable 7 .609 Total liabilities 325.828 325.828 RESERVES. Unexpended Class "C" Road Funds 25.695 Unexpended Collector Road Funds 10.855 FUND BALANCE 49,132 ( TOTAL $411,510 ( WATER AND SEWER FUND Statement ot Income and Spense (or Year Ended June 30, 1976 , sSSS $135,413 $2765 1 - 37,401 77.579 , Subscriptions and memberships 1.362 1.4 AWb , Office expense and supplies 2,ibb .uaj .aio ( Equipmentoperating supplies & maintenance. 3.430 1.174 4,604 Building and grounds -operating supplies and maintenance 444 483 927 Power and pumping U.bbS i.oru Specialdepartmentalsuppl.es 16.452 14,773 31,225 Slserv,ces ::::::::: S;,::::: 11.2 a 20. Miscellaneous expense 5J66 J8b Total operating expenses 9a457 79,168 177.625 Operating Income Before Depreciation 56,895 56,245 113,140 Depreciation J7j6j 25,171 62I732 OPERATING INCOME 19,334 31.074 50.408 Non-Operating Income: Interest earned 2.631 2,631 5,262 Federal Employment Act revenue 9.835 Total non-operating income 31,800 33,705 65,505 Non-Operating Expenses: Interest on bonds and notes 5,7fab t,ut .t Paying agents' fees 2 104 186 Total non-operating expenses 25,847 5,829 31 ,676 NET INCOME $ 5953 $27,876 $33.829 MUNICIPAL COUH I : Justice fees 5,172 Special departmental supplies 234 Jurors' fees . 334 Legal services 93 Total Municipal Court : 5,833 CITY HALL BUILDINGS: Salaries ' 1,620 Buildings and grounds - operating supplies and maintenance 2,540 Improvements 1 ,376 Total City Hall Buildings 5,536 Total General Government $121,054 Public Safety: POLICE DEPARTMENT: Salaries and wages 74,601 Liquor law enforcement : 8,200 Telephone 1 .072 Equipment - operating supplies & maintenance . . 11 ,228 Special departmental supplies 12,559 Miscellaneous expenses 2,455 Equipment 15,019 Total Police Department 125,134 FIRE DEPARTMENT: Salaries and wages 7,175 Equipment - operating supplies & maintenance . . 748 Buildings and grounds - operating supplies and maintenance 1.867 Equipment 358 Special departmental supplies 1,327 Total Fire Department 11,475 ANIMAL CONTROL: Salaries and wages 8,146 Dog control expenses 2,011 Total Animal Control .... t. .v.,.. ...... . . .-. 10.157 . AMBULANCE: Equipment - operating supplies & maintenance . . 630 Building - operating supplies & maintenance 437 Special departmental supplies 2,896 Equipment 2,681 Building - auxiliary police 374 Total ambulance 7,018 BUILDING INSPECTOR: Salaries 3,441 Equipment - operating supplies & maintenance . . 559 Special departmental supplies 893 Eauioment 300 WATER AND SEWER FUND BALANCE SHEET JUNE 30, 1976 ASSETS CURRENT ASSETS: tiR77 Cash and certificate of deposit ii.orr Accounts receivable (less allowance for doubtful accounts: 1 976. $1 ,500; 1 975, $760) 1 6,740 Refundable deposits 2 Total current assets $140,003 RESTRICTED ASSETS Water System Development Fund - time certificate of deposit 27200 Bond retirement and interest - cash in bank 17,67fa Contingencies and Improvements Fund - time certificate of deposit Reserve Fund - time certificate of deposit 2S.WO Total restricted assets 74.876 INVESTMENT IN WATER STOCK 106,118 UTILITY PLANT IN SERVICEOess accumulated depreciations 976, $739,376; 1975, $676,644) 2,390,975 TOTAL $2.711,972 Liabilities, Reserves, Contributions and Retained Earnings CURRENT LIABILITIES (payable from current assets) Accounts payable and accrued liabilities 77,044 Consumers' deposits 5,531 Total 82,575 CURRENT LIABILITIES (payable from restricted assets) bonds payable within one year 75,000 Total Current Liabilities $157,575 LONG TERM DEBT: Bonds payable (less portion due withon one year) 455.000 Interfund note payable 98,600 Total long-term debt.'....."., 553.600 RESERVES:; - ' ': Reserve for contingencies and improvements 5,000 Reserve for retirement of bonds 25,000 Reserve for water system development 27,451 Total Reserves 57,451 CONTRIBUTIONS: In aid to construction 953,673 Federal grant 340.524 Municipality's contribution 352,794 Total Contributions ' 1,646,991 RETAINED EARNINGS 296,355 TOTAL $2,711,972 Total Building Inspector 5,193 Total Public Safety Expenditures 1 58,977 Public Works: STREETS AND HIGHWAYS: Salaries and wages 33,635 Equipment - operating supplies & maintenance .. 10,121 Special departmental supplies 14,176 Engineering 8,405 Street lighting 20,782 Miscellaneous expense 425 Equipment 2,531 Telephone 97 Improvements other than buildings 12,562 Total Streets and Highways 102,734 Class "C" Road Fund - road repairs, construction, and equipment 24,040 Total Public Works Expenditures , 1 26,774 Public Library: Salaries 7.083 Telephone 168 Buildings and grounds - operating supplies and maintenance 509 Library books, magazines, etc 2,077 Equipment and improvements 398 Bicentennial collection 1 ,107 Total Public Library Expenditures 11,342 Parks, Recreation and Cemetery: PARKS: Salaries and wages : 10,937 Equipment - operating supplies & maintenance . . 714 Buildings and grounds - operating supplies and maintenance 353 Special departmental supplies 3,513 Engineering 2,824 Equipment and buildings 10,774 Land 4,800 Interest 831 Total Parks Expense 34,746 RECREATION Operating Expense 26,091 SWIMMING POOL: Salaries and wages 17,543 Equipment - operating supplies & maintenance . . 3,087 Special departmental supplies 6,704 Miscellaneous expense 688 Equipment and improvements 4,451 Total Swimming Pool 32.473 CEMETERY: Salaries and wages 11,091 Equipment - operating supplies & maintenance . . 1 ,045 Special departmental supplies 1,683 Equipment and improvements 958 Land 7,187 Interest 503 Total Cemetery Expense 22.467 Total Parks. Recreation and Cemetery Exp. . . 1 15,777 TOTAL EXPENDITURES 533,924 Excess of Revenues over Expenditures $ 12.426 General Fund Balance Sheet, June 30, 1976 ASSETS RESTRICTED ASSETS: Special Improvement District 1975-1 - time certificate of deposit . $ 44.770 Class "C" Road Fund - cash and time certificates of deposit 25.695 Collector Road Fund - cash 10,855 otteclor Roarr15Tjn-je-4fonT3Tae of-fcttatr. ACCOUNTS RECEIVABLE (less allowance for doubtgul accounts 1976 and 1975. $11.000) 21.210 DUE FROM GOLF COURSE FUND 76,039 INTERFUND NOTES RECEIVABLE 206.600 STATE INSURANCE FUND DEPOSIT, ETC 974 INVENTORY OF SUPPLIES 19.367 AMOUNT TO BE PROVIDED FROM FUTURE REVENUE FOR CEMETERY AND PARK LAND PURCHASES 6.00Q TOTAL $411,510 DEBT SERVICE FUND Revenues and Expenditures (or the Year Ended June 30, 1976 REVENUES - General Property taxes $16,453 EXPENDITURES: Bonds retired 11.000 Interest on bonds 3,841 Paying agents' fees 53 Total expenditures $14,894 EXCESS OF REVENUES OVER EXPENDITURES ........ $ 1,559 GOLF COURSE FUND Statement of Loss for the Year Ended June 30, 1976 INCOME None EXPENSE: Interest on borrowings from General Fund $ 5,920 Equity in net (income)loss of Tri-City Goll Course Corporation 22,488 Total expense 28,408 NET LOSS '(28.408) GOLF COURSE FUND BALANCE SHEET, JUNE 30, 1976 ASSETS Equity in Tri-City Golf Course Corporation $114,962 LIABILITIES DUE TO GENERAL FUND $ 76,039 INTERFUND NOTES PAYABLE 108,000 RETAINED EARNINGS (Deficit) (69,077) TOTAL LIABILITIES $114,962 REVENUE SHARING TRUST FUND Revenues and Expenditures for the Year Ended June 30, 1976 REVENUES: Entitlements $94,394 Interest income 878 Total Revenues $95,272 EXPENDITURES: General Fund: Ambulance equipment 2,147 Fire department '934 Police salaries ; 61,012 Police equipment 12X129 Cemetery land 7J87 Parks land 5,394 Parks equipment 3316 Recreational equipment 2!375 Total Expenditures 94 394 EXCESS OF REVENUES OVER EXPENDITURES $ 878 REVENUE SHARING TRUST FUND BALANCE SHEET, JUNE 30, 1976 Assets CASH $ ,.725 DUE FROM OTHER GOVERNMENTAL UNITS 23,600 TOTAL $25,325 Fund Balance FUND BALANCE $25 325 CEMETERY PERPETUAL CARE TRUST FUND BALANCE SHEET, JUNE 30, 1976 CASH ASS6,S INTERFUND NOTES RECEIVABLE S ACCOUNTS RECEIVABLE. 8f total - Reserves RESERVE FOR UNCOLLECTED PERPETUAL CARE ACCOUNTS $ 976 PERPETUAL CARE TRUST FUND 135.885 T0TAL $136,861 i 1 I. Mark Johnson, city recorder of Pleasant Grove City, Utah, do hereby certify that the foregoing is a true and correct statement as accepted by the City Council of Pleasant Grove, Utah. I MARK JOHNSON, City Recorder 1 1 |