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Show LINDON CITY CORPORATION Statement of Revenues and Expenditures for the Year Ended June 30, 1977 GENERAL FUND Revenues and Expenditures for the Year Ended June 30, 1977 Revenues: Property Taxes Current Year Property Taxes 49,098 Other Taxes Sales and Use Taxes 41 J 59 Licenses and Permits Business Licenses 3,653 Building and Construction Permits 7,157 Dog Licenses and Impound Fees 1 ,51 7 1 2,327 Revenues from Other Agencies Federal Grant - Wage Assistance Programs 28,408 State Liquor Fund Allotment 3,104 Class "C" Road Fund Allotment 5,819 Federal Shared Revenue 23,837 Federal Anti-Recession 522 State Anti-Recession 1 ,109 62,799 Fines, Forfeitures & Penalties, Court Fines . . . 7,102 Other Revenues Interest Income 879 Rent 1 ,845 Sundry 230 2,954 TOTAL REVENUES "', TOTAL REVENUES $175,439 Expenditures: General Government Administrative Personal Services 7,403 Materials, Supplies and Services ; . . . 24,61 1 Other Charges t,325 Capital Outlays 120 33,459 Municipal Court Personal Services 2.761 2,761 City Hall Building Personal Services 258 Materials, Supplies and Services 927 1 ,185 TOTAL GENERAL GOVERNMENT 37,405 Public Safety Police Department Personal Services 36,689 Materials, Supplies and Services 6,198 Other Charges 1,510 Capital Outlays 7,681 52,078 Fire Department Materials, Supplies and Services 1 ,500 Inspection Department Personal Services 5,664 Materials, Supplies and Services 1,054 6,718 TOTAL PUBLIC SAFETY 60,296 Public Works Streets and Highways Personal Services 20,652 Materials, Supplies and Services 7,777 Other Charges 9 Capital Outlays 1,034 29,472 Culture, Parks and Recreation Personal Services 152 Other Services 2,659 2,811 Parks Personal Services 1 ,934 Materials, Supplies and Services 303 2,237 Libraries Other Services 150 Total Culture, Parks and Recreation 5,198 Other Expenditures Transfer to Bond Redemption Fund 29,296 TOTAL EXPENDITURES 161,667 Excess of Revenues over Expenditures $ 13,772 WATER UTILITY FUND Statement of Income and Expense, June 30, 1977 OPERATING REVENUES Sale of Water Metered Sales 35,997 Irrigation Water Sales , 1,727 37,724 ' ; Other Revenues Water Connection Charges 32,300 Penalties and Miscellaneous 917 33,217 Total Operating Revenues 70,941 - Operating Revenue Deductions -' Operating Expense Distribution, Collection and Maintenance Salaries and Wages 21 ,289 Materials, Supplies and Services 21 ,348 42,637 . . Administrative and General Salaries and Wages 4,461 Materials, Supplies and Services 4,385 Uncollectible Accounts 57 Employee Benefits 660 9,563 Total Operating Expenses 52,200 Depreciation 20,736 Total Operating Revenue Deductions . . . 72,936 I OPERATING LOSS (1,995): Non-Operating Income Federal Grant-Wage Assistance Programs 5,000 I Federal Grant - Anti-Recession 1,000 State Assistance - HUD 2,000 8,000 t NET INCOME - .'6,005- Transfer of Earnings to Bond Redemption and Interest Fund 5,200 excess $ 805 SEWER AND WASTE COLLECTION UTILITY FUND Statement of Income and Expense, June 30, 1977 Operating Revenues Waste Collection Fees 17,753 Sewer Connection Fees 6,168 23,921 . Operating Expenses Disposal Services 14,776 Insurance 243 15,019 NET INCOME $ 8,902 REVENUE SHARING FUND Statement of Changes in Available Funds, June 30, 1977 Available Funds - Beginning of Year $ None ' Add Revenue Entitlement Payments 37,918 Interest 299 38,217 Less Expenditures 24,687 Available Funds - End of Year $ 13,530 - REVENUE SHARING FUND Statement of Expenditures, June 30, 1977 Operating and Maintenance Expenditures . , Administrative and Fiscal 323 Public Safety 14.732 Recreation 1,621 : Library 150 Water and Sanitation Utility Fund 850 17,676' Capital Expenditures Public Safety 7,011 TOTAL EXPENDITURES $ 24,687 I, Harold Erickson, City Recorder of Lindon City, Utah, do hereby certify that the statement of Lindon City as published in this news- . :. paper is a true and correct statement as accepted by the City Council of Lindon, Utah. Harold Erickson, City Recorder ! LINDON CITY CORPORATION BALANCE SHEET ALL FUNDS JUNE 30, 1977 ) Federal Sewer & , Bond Revenue Waste General . Sewer Hedemplkxi Sharing Water Collection General Long-Term I General Construe. & Interest Trust Utility Utility Fixed Debt ASSETS Gund tlon Fund Funds Fund Fund Fund Assets Interest Cash in Banks and Demand Deposits.... 86,018 (30,406) (1,505) 13,530 18,686 6,724 I Accounts Receivable 1 Water and Sanitation Service ' 9,544 2,178 ' 'Supplies Inventory 15,895 Investments Water Stock 13,000 J Amounts Available and to be Provided ; for Retirement of Bonds & Interest 828,269 ' Fixed Assets - i Land 2,408 73,265 Buildings and Structures 32,613 ' i Improvements Other Tan Buildings .. . 17,718 i Sewer System Under Construction .. . 1,890,999 1 Water Distribution System 288.263 ; ! Machinery and Equipment 8,229 57.090 i Automotive Equipment 32,883 Office Furniture & Equipment 6,344 TOTAL ASSETS 86,0181,860.593 (1.505) 13.530 356.025' " "'8,902 219,923 828.269 1 Liabilities and Fund Balances 'Liabilities , 'i ' . J Accounts Payable . . i 959 i Customers' Deposits 38 542 Interest Payable in Future Years 405,269 i General Obligation Water Bonds I Payable 423,000 ; 'Contributions Contributions by U.S. Government .. . 1,377,520 113.292 i Contributions by Municipality 470,381 89,000 Contributions by Customers 165,480 i Fund Balances and Retained Earnings Investment in Fixed Assets 219,923 ' Retained Earnings (Deficit) (12,289) 8,902 Fund Balances 85,021 12,692 (1,505) 13,530 .. 'Total Liabilities and Fund Balances 86,018 1,860593 (1,505) 13,530 356,025 8.902 219.923 828,269 |