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Show Financial Statement of the City S Mt. Pleasant FOR THE YEAR ENDING DECEMBER 31, 1931 RECEIPTS FOR 1931 Cosh on hand January 1st, 1931 - $1,290.82 .Va.c: Collections . 6.244.92 Electric Light Collections 21,029.41 License Department 1.205.00 Cer. efery Department 208.35 Fines Collected 143.00 Ir.tere.t on daily balances 159.42 Taxes received 13,642.54 PcundK-eepcr 3 00 Miscellaneous 69.43 Curb and Gutter collections 86.56 Street paving assessment 2,041.00 Pop Taxes collected 276.00 Interest on Electric Light bonds 176.67 .Savings Account and Interest 5,100.00 Black Hawk Committee balance 10.09 North Sanpete Bank Depository bond 9,939.47 Part oi New Light plant deposit 26,196.49 TOTAL - $87,822.16 DISBURSEMENTS FOR 1931 Disbursements for new Light plant $38,017.17 Improvements and repairs at old plant 1,742.86 Electric Light Department Maintenance...- 6,065.80 Bonds paid and Bond Interest 12,333.37 Salaries 1,459.80 Stationery and Printing 230.65 Irrigation Maintenance and Improvements 471.07 Water works Maintenance 2,979.57 Felice Department 1,176.75 Fire Department 613.16 Health Department 352.95 Justice Department 147.85 3ity Hall and Public Grounds 265.13 Cemetery Department - 1,223.47 Sheets and Sidewalks - 1,487.61 Street Improvements 1,034.04 Hood Dam up keep 162.00 Library Protection on depository bond 445.82 Street lighting 5,325.00 firkin? fund set aside to pay bonds 2,000.00 Premium paid on 5 percent bonds sold by city 100.00 Poundkeeper 45.00 Cost of Collecting Taxes 413.16 Insurance on City employees ....735.47 Municipal election 290.35 "-jicpnse Refunds 65.00 Cost of collecting dog taxes 59.00 P'-wer plant celebration and 4 and 24th of July 389.86 Relief Fund expenditures 107.88 Bnlarce I. re Kcrth Sanpete Bank on depository- bond 1,227.74 Wavrents .Vos. 15,245-62-69 outstanding 119.88 Miscellaneous expenses 488.44 Cash In bank December 31, 1931 6,246.31 TOTAL $37,822.16 STATEMENTS BY DEPARTMENTS Electric Light Department Electric Light sales to Customers $15,704.41 S'.roets Dept. for street lights 5,325.00 Maintenance and Improvements 6,065.80 Lni.'vcvemunts and Repairs at old plant 1,742.86 Bond Interest paid New bond issue 661.65 Bond Int'.-rest paid on old issue 2,090.00 Surplus 10,469.10 Totals $21,029.41 New Electric Light Plant Constructed In 1931 A Bond issue of $10,000.00 was voted November 4th 1930. Of this issue only $32,000.00 were sold. $24,000.00 were 5 percent bonds, and $8,000.00 5 percent bonds sold. Bonds sold $32,000.00 Accrued interest paid on bonds 184.99 Premium paid on bonds .-. 11.50 Mrnpy used from General fund 5,820.68 Expenditures lor constructing new plant. Pipe purchased $13,973.74 Paid to Contractor 7,181.18 General Electric Generator 6,323.65 S Morgan Smith Water wheel... 5,223.00 Poles and pole line .. 1,345.98 Engineer payments in 1931 1,147.25 Material used 1,103.71 Paid for labor 936.15 Labor installing machinery 431.75 Right of way across Seely's land 300.00 Freight paid 50.76 Totals $38,017.17 $38,017.17 Advance to Caldwell and Richards engineers 552.75 Total Cost of new Electric Light plant $38,569.92 Water Department Apportionment of taxes 4 mills $3,822.64 Collection for service 6,244.92 Disbursed for maintenance 2,979.57 Trrigation Deioartment 471.07 Balance surplus 6,616.92 Totals...- $10,067.56 $10,067.56 Streets Department Apportionment of taxes 2 mills $1,911.30 Disbursed for street maintenance 1,487.61 Disbursed for Street Improvements 1,034.04 Deficit, paid from General Fund 610.35 Totals $2,521.65 $2,521.65 Carnegie Library Apportionment of taxes one mill for 1932 $955.65 Paid January 1st 1932 for year 1932 $955.65 Totals ...$955.65 $955.65 Bonds Paid, And Bond Interest Paid Taxes levied 3 mills in 1930 levy $1,828.50 Taxes levied 1 mill from 1931 levy 346.15 From Electric light Department for El. Int. 2,751.65 Special Improvement Street Paving Assessment 2,041.00 Paid out of Electric light surplus - 5,365.97 Special Improvement bonds and Interest paid 2,041.00 Interest on $25,000.00 iwater bonds 1,500.00 Light Interest on $38,000.00 Electric Light Bonds. 2,090.00 Interest on $32,000.00 New Plant Bonds 661.65 Interest on $8,000.00 Flood dam bonds 360.00 Interest on $8,000.00 Paving Bonds 400.00 interest on $1,000.00 Water bonds 200.00 Collection charges etc 80.72 Flood darr bonds dated 6-1-28 paid no. 5 and no. 6 2000.00 Pav'ng Binds dated 7-1-26 paid no. 5 and no.6 2,000.00 Water bonds dated 7-1-26 paid no. 2 1,000.00 Totals $12,333.27 $12,333.27 TAXES Assessed valuation for Mt. Pleasant City for 1931 $762,574.00 Tat Lew for 1930 taxes 15 mills. Tax levy for 1931 taxes 13 mills. Balance of 1930 taxes received in 1931 $9,142.54 1931 taxes received 4.500.00 Balance taxes assessed but not received 5,413.46 Contingent Department i Apportionment of taxes 5 mills L205.00 I Licenses collected 208.35 I Cen.ft-?rv Department 143.00 I Fir.cs collected " 159.42 H Interest on daily Balances 3 u0 B K-undkeeper collections i.io (j Wood oil-e sold in 1931 68.43 Culverts sc!d to Fairview City ... 86 56 S-a:e street curb and Gutter collection m QQ Dog taxes collected io.09 Balar.ce treiWered from Black Hawk Account 2fiUM Ilahmce deficit " ' 1,459.1 Salaries 230.1 Stationery and Printing 1,176.1 Police and Prison '" 613.1 Fire Department 352.1 Health Department 147.1 Justice of Peace fees 265. City Ha'J and Public Grounds - 1,223,, Cemeterv Department 162.! Fiocd D?m uekeep expense.... "ife 100.( Premium paid on new Electric light dept. bonds ..... . j PovndKC?per '." ' 413.1 Col.ecting tac 735, Sta e Insurance Fund 290 Mu-iicipa. Elections " 65.1 . I License -efunrls 391 To collector of dog taxes lg9J Power plr.nt celebration expense 190, July 4th and 24th Celebration expense Appropriated to Relief fund... - Paid Norf'i Sanpete Bank, balance due them on depository bond '488 Miscellaneous expenses I Totals - 9'553-66 $9'553-' RESOURCES Taxes due but not received before Dec. 31st 1931 $ 5,413.1 Special improvement taxes (Sidewalk) past due and unpaid approximately Notes due City for wood pipe sold in 9s. Moterial 011 hand for Electric Light plant Materials o'i hand for Water Department - Materials on hand for Streets Dept. Including crusher 1,500 Material-; on hand for Cemetery Dept. ........... , nm, Materials on hand for Fire Dept. including truck .. 2,000.1 Ford Tir.ck for light and water dept Roai Est?.te, City hall and jail.. ....... ..... 7 '. Uncollected Water accounts Dec. 31, 1931 Balance outstanding Electric Light Dept ioooq- Flood Dam. cost to build - 60 000 1 Est mated value of water system - 37'000'tt Main Street paving noon 3trept lighting system. (White way) - ,'uw Estimated value of Electric Light plant: lfM : 3,500.00 Structures ,'. nn Substations oJ'nno'on Waterways and Pipe lines 23 ,000. 00 Hvdro Electric Units 26,700 .00 Transmission lines 24 500 00 . Distribution lines Tn'ooOOO Franchise, Fillings etc - 10,000-00 Total ' 105-00?- Cas-a on Viand in bank December 31st 1931 " 6'286' Totals ; 283,280, LIABILITIES Flccd df.m and road tax anticipation bonds 44 per cent dated 6-1-28 due $2,000.00 each year 1929 to 1,34 $fi(;0 00 now retired, Bonds outstanding $b,uouj Paving' bends 5 percent dated 7-1-26 due $2,000.00 .vuh year 1930-1934, $4,000.00 now retired. Bonds outstanding e,0UB -.Vatei bends 5 per cent dated 7-1-26 due $1,000.00 cacn year 1930-34. $2,000.00 now retired. Bonds outstanding . ......... a,uuu Electric Light bonds 5'i per cent dated 3-1-24 due $3,000.00 In 1935 and 1936 and $4,000.00 each year from 1937 to 1944 38'000 Water works bonds 6 per cent dated 7-1-19 and due 7139 zo.UUU New Electric Light plant bonds $8,000.00 5 per cent bonds dated 1-15-31 due $2,000.00 in 1935-1936. $1 000 00 in years 1937-38-39-40. $24,000.00' 54 per ceiit bonds dated 1-15-31 and due $2,000.00 In years 1941 .12-43-44 $6,000.00 due 111 1945-46 and $4,000.00 due In 1947 32-000 Notes payable NONE ,oor Surplus December 31st, 1931 lWWij Totals $283,280. State cf Utah ) ) ss. Ccunty of Sanpete ) I, Calvin Christensen, City Recorder of Mt. Pleasant City, l ereby certify lhat the foregoing is a full report of the receipts si disbursements cf said Mt. Pleasant City for the year ending Decern 31st 1031, and is also a report of the existing indebtednese of sa Mount Pieasant City, a Municipal Corporation. I In witness whereof I have hereunto set my hand and affixed t! corporate seal cf said Mount Pleasant City this 4th day of Januar 1932. (SEAL) CITY RECORDER. |