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Show Town of Bingham BUDGET REPORT For Six Months Ended June 30, 1931 Salt lake City, Utah, July 1 1 , 1931. The Honorable President and Board of Trusteea, Town of Bingham Canyon, Bingham Canyon, Utah. Gentlemen: We take pleasure in handing you, herewith, three copies of our budget report on the operations of Bingham Town for the six months ended June 30, 1 93 1 . For purposes of comparison we have also listed, on the report, the revenues and expenses for the six months of 1 930. Revenues from current year's taxes have not yet been received but the first check on this account should be forthcoming right away. Water rentals, while proportionately in line with the estimate, are approximately $700 less than those for the same period last year. Licenses, and fines and forfeitures are also $7 1 1 .20 and $988.30 less respectively than they were for the first six months of 1 930. Operating expenses for the six months period under review are nearly $4,000.00 less than they were during the same period last year and, with the exception of Town Hall and incidental expenses, are all within the budget estimates. We are pleased to report a' continued improvement in the handling.of the financial records of the Town. The books are balanced, up to date, and the transactions properly handled therein. On July 1st a new form of voucher check was installed, under oiir supervision, and is working out very satisfactorily. We note that surety bonds have recently been taken out on the Treasurer and Water Master in the amount of $5,000.00 and $1,000.00 respectively. Current interest on daily bank balances is now being received but no provision pro-vision has yet been made by the bank to protect the Town against loss on funds on deposit. Yours very truly, BEESLEY, REEVES and WOOD, Certified Public Accountants. . TOWN OF BINGHAM CANYON . W i BUDGET REPORT SIX MONTHS ENDED JUNE 30, 1931 BEVKNTE Si Budget EUiiuU Revenue Received Yet to be Reeeiv. Revenue Received Budget Estimate June 30, 1931 ed in 1931 June 30, 1930 County Iaxes for 1931 ........ ..L.L... $26,743.08 $26,743.08 $ Water rents i 8,098.00 4,134.67 3,963.33 4,849.09 Licenses Merchants i 4,500.00 1,936.10 2,563.90 2,647.30 Fines and Forfeitures 3,800.00 1,204.70 2,595.30 2,193.00 Auto License 25.00 25.00 829.50 Dog Taxes ... 50.00 87.00 37.00 66.25 Sale of Property 2,500.00 2,500.00 v Relief Fund Net Receipts 322.00 322.00 Miscellaneous Including Rents 1,020.00 535.58- 484.42 831.78 Miscellaneous I 1,000.00 ; 1 .000.00 TOTAL $44.21 1.08 $11,745.05 $32,466.03 $11,416.92 EXPENSES ' I - Budget Exended to I'nexended Bal- Expended to Appropriation June 30, 1931 anee, June 30, '31 June 30, 1930 Police Department ....$5,615.00 $ 2,555.73 $ 3,059.27 $ 3,547.54 Street Department .. 9,288.00 3,103.32 6,184.68 3,004.74 Water Department : 3,075.00 1,226.75 1,848.25 1,105.49 Health Department 4,550.00 2,201.00 2,349.00 2,203.50 Fire Department 1,580.00 731.65 848.35 926.6? Salaries 3,600.00 1.380.83 2,219.17 1,500.00 Town Hall 1.464.00 1,112.53 351.47 1,534.18 Interest on Borrowed Money 920.00 157.75 762.25 1,055.65 Interest on Bonds 3,135.00 1,567.50 1,567.50 1,760.00 Incident Expense 1,584.33 1,489.85 , 94.48 1,799.42 Interest on Contracts 1 37.25 137.25 809.76 TOTAL ':. ...$34,948.58 15,526.91 19,421.67 19,246.97 CAPITAL OITI4AY ' ' Bond Redemption 7,000.00 2,000.00 5,000.00 , 2,000.00 Garbage Dump Purchased 500.00 500.00 Chemical Truck Contract 762.50 762.50 Sewer Extension 1.500.00 . 1,500.00 ; Fire Truck No. 75 2'2fSXA Automobile 958.00 Total ZZZ'.ZZZ'ZZZZ'Z 9,262.50 2,500.00 6,762.50 5,846.00 TOTAL $44,211.08 $18,026.91 $26,184.17 $25,092.97 |