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Show J PLEASANT GROVE CITY Statement of Revenues and Expenditures for the Year Ended June 30, 1977 GENERAL FUND REVENUES: General property taxes $183,887 Sales taxes 78,398 Franchise taxes 38,509 Business licenses 8,454 Building and construction permits 29.907 Dog licenses 4,011 Federal shared revenue 106.476 Antirecession fiscal assistance revenue 19.220 Federal Employment Act revenue 18.379 Otheral Federal grants 98.400 State Liquor Fund allotment 10.058 Out-of-city police and fire service 8,090 Ambulance service 5,644 Refuse collection charges 369 Swimming pool fees 34,250 Library fines and fees 1 ,354 Cemetery fees 2,819 Fines and forfeitures 1 5,367 Interest income 17.230 Sale of real and personal property 4,329 Business development corporation improvements 18,600 Miscellaneous revenues 29,226 TOTAL 732.977 Class "C" Road Fund revenue 10,152 Collector Road Fund revenue 9,51 1 : TOTAL REVENUES -General Fund $752,640 EXPENDITURES: General Government: ADMINISTRATIVE: Salaries $17,517 Employee benefits 66,002 ; Subscriptions and memberships 2,727 Ordinances and publications 2,095 ! Office expenses and supplies 2,200 Telephone 877 Legal, auditing & professional consultation fees 42,255 ; Insurance 9,452 ' Interest expense 10,935 .' Bonding expense 1 ,926 Business development 92,171 Miscellaneous expense 3,899 Equipment 511 Total Administrative 252,567 MUNICIPAL COURT: Justice fees 5,796 Special departmental supplies 203 Jurors' fees 315 Legal services 124 Total Municipal Court 6,438 CITY HALL: Salaries 1,800 Buildings & grounds - operating supplies and maintenance 3,778 Improvements 599 Total City Hall 6,177 Total General Government Expenditures $265,182 Public Safety: POLICE DEPARTMENT: Salaries and wages 81 ,791 Liquor law enforcement 9,000 Telephone 1 ,255 Equipment - operating supplies & maintenance . 10,896 Building - operating supplies & maintenance 1 ,387 Special departmental supplies 10,763 Miscellaneous expenses 1,517 Equipment 28,909 Buildings 9,552 Total Police Department 155,040 FIRE DEPARTMENT: Salaries and wages 7,956 Equipment - operating supplies & maintenance 686 Buildings and grounds operating-supplies and maintenance 1,556 Improvements other than buildings 1 ,900 Special departmental supplies 2,635 Total Fire Department 14,733 ANIMAL CONTROL: Salaries and wages : 9,027 Operating expenses 1,305 Total Animal Control 10,332 AMBULANCE: Pager standby fee 3,269 Equipment - operating supplies & maintenance 1,018 Special departmental supplies 3,147 Equipment 463 Buildings 404 Total Ambulance 8,301 BUILDING INSPECTOR: Salaries 6,524 Equipment - operating supplies & maintenance . 1 ,21 7 Special departmental supplies 1,227 Equipment 679 Total Building Inspector 9,647 Total Public Safety Expenditures 1 98,053 Public Works: STREETS AND HIGHWAYS: Salaries 34,878 Equipment-operating supplies & maintenance . . 5,864 Special departmental supplies y,562 Engineering 4,421 Street lighting 25,345 Miscellaneous expense 657 Equipment 5,029 Telephone 189 Special assessment district improvements 38,970 Total Streets and Highways 124,915 Class "C" Road Fund - road repairs, construction, and equipment 10,152 Collector Road Fund - maintenance and construction 9,51 1 Total Public Works Expenditures 144,578 General Fund Balance Sheet, June 30, 1977 ASSETS CASH Savings Deposit $ 59,331 RESTRICTED ASSETS: Class "C" Road Fund - cash and time certificate of deposit 33,429 Collector Road Fund - 1977, cash and time certificate of deposit; 1 976. cash 20,627 Safe Sidewalks Project - time certificate of deposit 25.727 ACCOUNTS RECEIVABLE (less allowance for doubtful accounts 1 977 and 1 976, $1 1 .000) 53,376 DUE FROM GOLF COURSE FUND 81,959 INTERFUND NOTES RECEIVABLE 206,600 INVENTORY OF SUPPLIES 18,966 OTHER ASSETS 2.938 AMOUNT TO BE PROVIDED FROM FUTURE REVENUE FOR CEMETERY AND PARK LAND PURCHASE 3,000 TOTAL ASSETS $505.953 LIABILITIES, RESERVES AND FUND BALANCE LIABILITIES: Bank overdraft $ 857 Tax anticipation notes payable - 1977, 4.25 due from December 31, 1977; 1976, 5 and 6.5 due December 31, 1976 200.000 Accounts payable and accrued liabilities 120,865 Interfund notes payable 83,200 Contracts payable 3,000 Total liabilities 407,922 RESERVES: Unexpended CJass "C" Road Funds 33,429 Unexpended Collector Road Funds 20.627 Unexpended "Safe Sidewalk" Funds 25,727 FUND BALANCE 18.248 TOTAL $505,953 WATER AND SEWER FUND Statement of Income and Expense for the Year Ended June 30, 1977 Operating Revenues Water Sewer Total Water sales and sewer service charges. .. . $186,868 $147,928 $334,796 Operating Expenses: Salaries and wages 53,835 55,134 108,969 Subscriptions and memberships 1 ,254 1 ,080 2,334 Office expense and supplies 2,250 1,922 4,172 Equipment-operating supplies & maintenance 3,822 1 .965 5,787 Building and grounds - operating supplies and maintenance 450 590 1,040 Power and pumping 23.581 4,886 28,467 Special departmental supplies 19,327 15,027 34,354 Professional services 6,253 4,142 10,395 Insurance 6,019 6,019 1 2,038 Employee benefits 18,217 17,230 35.447 Miscellaneous expense 5,081 1,669 6,750 Total operating expenses 140,089 109,664 249,753 Operating Income Before Depreciation 46,779 38,264 85,043 Depreciation 44,472 27,509 71,981 OPERATING INCOME 2,307 10,755 13,062 Non-operating Income: Interest Earned 2,694 2,694 5,388 Federal Employment Act revenue 2,778 8,951 1 1 ,729 Total non-operating income 7,779 22,400 30,179 Non-operating Expenses: Interest on bonds and notes 24,402 3,975 28,377 Paying agents' fees 84 104 188 Total non-operating expenses 24,486 4,079 28,565 NET INCOME (LOSS) $(16,707) $18,321 $ 1,614 WATER AND SEWER FUND BALANCE SHEET, JUNE 30, 1977 ASSETS CURRENT ASSETS: Cash and certificate of deposit $ 1 20,302 Accounts receivable (less allowance for doubtful accounts of $1 ,500) 17,425 Refundable deposits 415 Total current assets $138,142 RESTRICTED ASSETS: Bond retirement and interest - cash in bank 17,676 Contingencies and Improvements Fund - time certificate of deposit 5,000 Reserve Fund - time certificate of deposit. 25,000 Total restricted assets 47,676 INVESTMENT IN WATER STOCK 116,102 UTILITY PLANT IN SERVICE (less accumulated depreciation: 1 977, $801 ,321 ; 1 976, $739,376) 2,701 ,764 TOTAL ASSETS $3,003,684 Liabilities, Reserves, Contributions, and Retained Earnings CURRENT LIABILITIES: Accounts payable and accrued liabilities 22,461 Consumers' deposits 5,735 Bonds payable within one year 80,000 Total current liabilities 108,196 LONG-TERM DEBT: Bonds payable (less portion due within one year) 365,000 Interfund note payable 98,600 Total long-term debt 463,600 RESERVES: Reserve for contingencies and improvements 5,000 Reserve for retirement of bonds 25,000 Total reserves 30,000 CONTRIBUTIONS: In aid to construction 1,395,451 Federal grant 355,674 Municipality's contribution 352,794 Total contributions 2,103,919 RETAINED EARNINGS 297,969 total $3,003,684 DEBT SERVICE FUND Revenues and Expenditures for the Year Ended June 30, 1977 REVENUES General property taxes $ 19,015 EXPENDITURES: Bonds retired 12.000 Interest on bonds 3,394 Paying agents' fees 53 Total Expenditures 15,447 EXCESS OF REVENUES OVER EXPENDITURES $ 3,568 sm c rmiDCC cuun Public Library: Salaries 7,821 Telephone 1 84 Buildings and grounds - operating supplies and maintenance 561 Library books, magazines, etc 3,726 Equipment and improvements 5,784 Bicentennial collection 1 ,953 Total Public Library Expenditures 20,029 Parks, Recreation, Swimming Pool & Cemetery: PARKS: Salaries and wages 12,032 Equipment - operating supplies & maintenance . 1 ,142 Buildings and grounds - operating supplies and maintenance 1 74 Special departmental supplies 5,336 Engineering 2.832 Equipment and buildings 12,291 Land 3.000 Antirecession expenditures 5.934 Interest 717 Total Parks Expense 43.458 RECREATION - operating expense 38.078 SWIMMING POOL: Salaries and wages 21 .992 Operating supplies and maintenance 3.981 Special departmental supplies 9.143 Miscellaneous expense 761 Antirecession expenditures 8.970 Equipment and improvements 625 Total Swimming Pool 45.472 CEMETERY: Salaries and wages 12.032 Equipment - operating supplies & maintenance 1 .507 Special departmental supplies 1.715 Equipment and improvements 13.265 Engineering 1.55 Total Cemetery Expense 2a674 Total Parks, Recreation, Swimming Pool and Cemetery Expenditures 1J55.682 TOTAL EXPENDITURES $783.524 Excess ol Expenditures over Revenues $ 30.884 Statement of Loss for the Year Ended June 30, 1977 INCOME None EXPENSE: Interest on borrowings from General Fund 5,920 Equity in net loss of Tri-City Golf Course 6,457 Total Expense 12,377 NET LOSS $ 12,377 REVENUE SHARING AND ANTIRECESSION FISCAL ASSISTANCE TRUST FUNDS Revenues and Expenditures for the Year Ended June 30, 1977 Revenue Ant!-Sharing Ant!-Sharing Recession REVENUES: Entitlements $ 83,015 $ 19,038 Interest income 897 182 Total Revenues 83,912 19.220 EXPENDITURES: General Fund: Street equipment 4,350 Ambulance equipment 377 Streets salaries 4,316 Police salaries 73,947 Police equipment 11,537 Cemetery equipment 13.265 Parks land 3,000 Swimming pool repairs 8.970 Recreational equipment repairs 5.934 Total Expenditures 106,476 19.220 EXCESS OF EXPENDITURES OVER REVENUES $ 22,564 None CEMETERY PERPETUAL CARE TRUST FUND BALANCE SHEET, JUNE 30, 1977 ASSETS CASH $ 60,357 INTERFUND NOTES RECEIVABLE 83.200 ACCOUNTS RECEIVABLE (less reserve for uncollectible accounts of $976) 1,148 TOTAL ASSETS $ 144,705 FUND BALANCE " PERPETUAL CARE TRUST FUND $ 144.705 CAPITAL IMPROVEMENTS FUND Revenues and Expenditures for the Year Ended June 30, 1977 REVENUES: Bond proceeds (net of issue costs of $12.626) $ 598,374 Federal grant tor construction of public safety building and court facilities 120.767 Impact tees 9,047 Total Revenues 728,188 EXPENDITURES: Park property 178.200 Land and buildings 220.174 Equipment 27.813 Public safety building construction 92,954 Total Expenditures 519.141 EXCESS OF REVENUES OVER EXPENDITURES . . . 209.047 Transfer to Reserve for Capital Improvements 209,047 Excess of Revenues Over Expenditures and Transfers. . None 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. MARK JOHNSON, City Recorder |