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HomeMy Public PortalAbout1964-1965 audit completedCITY OF MOAB MOAB, UTAH REPORT ON EXAMINATION June 30, 1965 & 12 Months Ended June 30, 1965 INDEX Accountant's Report Page 1 Combined Balance Sheets, dune 30, 1965 Assets 9 Liabilities, Reserves & Surplus 10 General Fund, 12 Months Ended June 30, 1965 Revenues & Expenditures 11 Special Assessment Funds, 12 Months Ended June 30, 1965 Cash Receipts & Disbursements Bond Redemption & Interest Fund 12 Months Ended June 30, 1965 Revenues & Expenditures Public Utility Fund 12 Months Ended June 30, 1965 Income & Expense Bond Construction Accounts Cash Receipts & Disbursements Operations Cash Receipts & Disbursements Bond & Interest Maturities All Funds Insurance Coverage & Surety Bonds in Force 16 17 18 19 20 21 23 E. J. CLAUS '7 cc.CDJnTA,• AL,NE 3-51E11 MOAB. L. T,AH raI 't .r , f1 n1.1 F tlI Honorable Mayor and City Council City of Moab Moab, Utah Gentlemen: have reviewed the supporting data and prepared the Balance Sheets of the Municipal Funds of the City of Moab as of June 30, 1965, and the Statements of Revenues and Expenditures, Receipts and Disbursements or Income and Expense for the 12 months ended June 30, 1965. The review of the supporting data included such tests of the accounting records and other data as was considered necessary. ORGANIZATION & OFFICIALS The City of Moab, Grand County, Utah, is a city of the third class with the Mayor - Council type of Municipal Government. As of June 30, 1965, the City Officials were as follows: Mayor: City Council: Administrative Assis- tant to the Mayor: City Attorney: City Judge: City Recorder: City Treasurer: Norman E. Boyd S. E. Scharf, Robert R. Norman, John Mullen, Robert Curfman & William D. McDougald Darrell Reardon Robert H. Ruggeri Donald Crist Darrell Reardon H. W. Balsley SCOPE OF WORK PERFORMED CASH Cash in banks, aggregating $145,060 at June 30, 1965, was verified by reconciling the balances confirmed directly to us by the depositories. NOTES AND The Public Utility Fund accounts receivable for water ACCOUNTS and sewer charges were tested by negative confirmation RECEIVABLE as of June 30, 1965. Tests were also made of the de- tails as shown on the city records. All other receiv- ables were examined in detail and reviewed with responsible City Officials. Page 1 OTHER ASSETS All other Officials to June 30, 1965. assets were reviewed with responsible City and/or checked during the period subsequent LIABILITIES The liabilities were not confirmed by correspondence with the individual creditors, but by test comparison with the vendors` statements, where applicable, subsequent to June 30, 1965. All payments of bond principal and interest coupons were ex- amined in detail and verified by personal contact with the paying agent, Other liabilities were reviewed and tested or reconciled from their in- ception to the date of this report. SUMMARY The examination was directed primarily to a verifica- tion of the Balance Sheets of the various funds as of June 30, 1965, to a general review of the results of operations for the 12 months then ended and the application of the Utah Uniform Accounting System. Aithough the examination did not extend to a detailed check of all cash and other bookkeeping entries through the period, numerous documents and entries were scrutinized by us in connection therewith. To the extent that such documents and entries were examined, and based on information and explanations obtained from City Officials and em- ployees, the accounts were found to be in order. It should be under- stood that the examination, while extensive as to detail, did not com- prise a complete check of all cash and other transactions throughout the period, and would not necessarily disclose irregularities, should any exist, GENERAL FUND COMMENTS The following is a comparison of the General Fund Revenues and Expenditures for the fiscal years ending June 30, 1965 and 1964. As noted in the comments that follow the comparisons, both years REVENUES Property Taxes Sales Taxes Licenses & Permits Fines, Forfeitures & Penalties Revenue from Use of Money & Property Revenue from Other Agencies Charges for Current Services Other Revenue contain many nonreoccuring transactions. FISCAL YEAR ENDED JUNE 30, 1965 1964 $ 55,834 $ 48,588 48,379 56,694 45,867 53,856 15,680 15,837 683 455 22,131 42,620 32,951 61,582 1,732 _ 4 693 INCREASE (DECREASE.) $ 7,246 (8,315) (7,989) (157) 228 (20,489) (28,631) (2,961) TOTAL REVENUES $223.257 $284,325 $(61,068) Page 2 PROPERTY TAXES - The mill levy was increased by two mills, which were off- set by eliminating two mills from the Bond Retirement and Interest Fund. In the fiscal year 1964 the City received $4,417 per mill and in fiscal year 1965, $4,295, a decrease of $122 per mill, This decrease accounts for $1,584 of the $1,666 which the receipts were less than the amount budgeted. SALES TAXES - Detail of the '-z% tax collected by the State of Utah is as follows: PERIOD FOR WHICH COLLECTED 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter FISCAL YEAR ENDED JUNE 30, INCREASE 1965 1964 (DECREASE) $12,890 $15,892 $(3,002) 12,064 15,356 (3,292) 12,480 13,536 (1,056) 10,945 11,910 (965) $48.379 S5.6,694 $0.315) The City of Moab has been notified that these taxes have been overpaid by approximately $4,000 to $4,500. When the computations are complete the 3rd quarter 1965, to be received in December, 1965, will be reduced accor- dingly. No information is available as to what period or periods are being corrected. LICENSES & PERMITS - Gross Business Licenses declined $2,521 or 6.5% and Other Business Licenses $3,938 or 40.87. The decline in Other Business Licenses was created by a change in the billing procedures during the year ending June 30, 1964. Previously, billings had been sent out in July of the applicable year; however, as a result of sending out these billings in June, approximately $2,180 of the current year's licenses were collected in the previous year. If the $2,180 is eliminated from the year ending June 30, 1964, the decrease is $1,758 or 23.6%. Beer Licenses decreased 1.9%, Building & Construction Permits decreased 52.8% and Other Licenses & Permits such as Dog Licenses decreased 17.5%. There were no Parking Meter Revenues in the current year. REVENUE FROM OTHER AGENCIES - "Class 'C' Road Fund" funds decreased $20,981. However, this was due to the City allowing the funds to accumulate for several years and collecting them all at once in the year ending June 30, 1964. Page 3 CHARGES FOR CURRENT SERVICES - During the previous year, the Street Depart- ment performed $28,000 work for the Utility Fund, if this amount is elimi- nated from the year ending June 30, 1964, the current year decrease is $631. Refuse Collection charges decreased 1.9% and Swimming Pool receipts decreased 14.3%. EXPENDITURES Administrative Department Municipal Court Police Department Inspection Department Dog Pound Engineering Department Streets & Highways Waste Collection Irrigation Project Health Department Parks & Recreation SL,jmming Pool Contributions FISCAL YEAR ENDED JUNE 30, 1965 1964 INCREASE (DECREASE) $ 43,674 $ 33,623 $ 10,051 16,359 13,242 3,117 43,706 51,202 (7,496) 3,366 3,126 240 3,429 4,538 (1,109) 9,552-1 15,818 (6,264) 68,162 150,264 (82,102) 19,124 20,471 (1,347) 12,608 14,907 (2,299) 3,390 3,009 381 6,581 5,447 1,134 8,132 9,978 (1,846) 7,ill 5,573 1,538 TOTAL EXPENDITURES 245,196 $331,198 $(86,002) ADMINISTRATIVE DEPARTMENT - The total increase for the year of $10,051 was principally accounted for by nonreoccuring expenditures; Capital Outlays in the new City Hall, $4,468; balance on Parking Meters acquired in prior years, $4,715; Revision and Codification of Ordinances, $1,000. If these nonreoccur- ing items are eliminated, this department would show a decrease of .4%. How- ever, as a result of moving into a new City Hall, Building Supplies, Mainte- nance and Repairs increased $1,893 or 153.9% and as such will be a reoccuring item. Without this increase, the expenditures would have decreased 5.7% from the prior year. MUNICIPAL COURT - $1,582 of the $3,117 increase was nonreoccuring for furni- ture and fixtures. $1,050 was for rent on the new Court Chambers and will be reoccuring. POLICE DEPARTMENT - If Capital Outlays for equipment, furniture and fixtures are eliminated for both the current and the prior years, expenditures for this department decreased $6,075 or 12.6%. Salaries and wages account for 9.4% of the decrease. INSPECTION DEPARTMENT - Other than $129 Capital Outlays, this department had very little change. Page 4 DOG POUND - The 24,4% decrease in the expenditures of this department were primarily brought about by eliminating the full time dog catcher and other arrangements for handling the animals. ENGINEERING DEPARTMENT - This department is in the process of being elimi- nated and this fact accounted for most of the decrease. STREETS & HIGHWAYS - The year ending June 30, 1964, had an extreme amount of activity and the current year reflects a return to more normal activities. WASTE COLLECTION - The expenditures of this department, when considered as a percent of the revenue for refuse collection, decreased from 96.5`/o to 91.9% for a net gain to the City of $948. IRRIGATION PROJECT - The expenditures for this department for both the cur- rent year and the prior year are nonreoccuring. PUBLIC HEALTH - Omitting the Capital Outlay of $129 for furniture and fix- tures, this department's expenditures increased 7.7% from the prior year. PARK DEPARTMENT - This department's expenditures increased 20.67, of which 11.4% resulted from increases in Salaries and Wages. SWIMMING POOL - Operating expenses of the Swimming Pool were 124.47, of the collection in the previous year and 118.4% of the collections in the current year. Restated, collections decreased 14.3% and expenditures decreased 18.5%. The cash flow in the General Fund is as follows; RECEIPTS DISBURSEMENTS TOTAL % OF `/, OF END OF AMOUNT TOTAL AMOUNT TOTAL MONTH CASH July 1, 1964 $ 49,561 July $ 13,983 5.25 $ 42,960 i4.65 20,584 August 10,648 4.00 27,735 9,46 3,497 September 17,837 6.70 20,309 6.92 1,025 October 9,585 3.60 17,784 6.06 (7,174) November 9,985 3.75 23,650 8.06 (20,839) December 55,301 20.77 19,360 6.60 15,102 January 18,910 7.10 19,285 6.57 14,727 February 29,283 11.00 18,339 6.25 25,671 March 18,014 6.77 20,251 6.90 23,434 April 7,819 2.94 14,477 4.95 16,776 May 47,778 17.94 34,144 1i.64 30,410 June 27,098 10.18 _ 353010 11.94 22,498 TOTAL $266.241 100,00 $293.304 100.00 Page 5 The "Cash on Hand & In Banks" of $32,681 on the Balance Sheet for the General Fund includes $10,183 of "Class 'C' Road Fund" Funds, which is restricted to certain expenditures for "Streets & Highways", and is maintained in a separate bank account. These funds are not reflected in the cash flow analysis. SPECIAL Delinquent accounts in Special Assessment District #t'1 have ASSESSMENT increased during the period of July 1, 1964 to June 30, FUNDS 1965, from two assessments totaling $197 to four assess- ments totaling $455. Delinquent accounts in Special Assessment District /72 have increased from twelve totaling $3,624 to fifteen totaling $3,911. BOND it is the Policy of the City to transfer from the Public REDEMPTION Utility Fund, when all Revenue Bond Requirements have been & INTEREST met, sufficient funds to pay Principal, Interest and Bond FUND Agents fee of the 1/1/59 and 1/1/62 General Obligation Bond Series. The proceeds of these Bond Series were previously contributed to the Public Utility Fund for construction purposes. At the present time the transfers from the Public Utility Fund are not made until the end of the fiscal year when it can be determined that the Revenue Bond Requirements have been met. To date the following interest coupons have not been turned in for redemption of the January 1, 1962 General Obligation Bonds. Since First Due Date, 7/1/62: Bond Series 166 to 185 inclusive Bond Series 461 to 485 inclusive Since Second Due Date, 1/1/63: Bond Series 162 to 165 inclusive PUBLIC As of June 30, 1965 the Retirement Fund for the January 1, UTILITY 1962 Revenue Bonds had no balance, the interest due July 1, FUND 1965 having been advanced to the collection argent in June, 1965. The Reserve Fund has a balance of $16,515. Its re- quired amount of 20% of the amount placed into the Retirement Fund is $16,168. As of June 30, 1965, the water and sewer accounts receivable ageing is as follows: 0 - 30 Days $16,303 82.76% 30 - 60 Days 1,709 8.67% 60 - 90 Days 396 2,01% Over 90 Days 1292 6.56% $19.700 100.00% Page 6 For the 12 months ending June 30, 1965 & 1964, the water connections and gallons consumed were as follows: GALLONS CONSUMED IN CONNECTIONS THOUSANDS 1964- 1963- 1965 1964 INCREASE (DECREASE) 1964- 1963- 1965 1964 INCREASE (DECREASE) July 1,069 1,063 6 52,200 56,633 (4,433) August 1,084 1,068 16 40,289 41,498 (1,209) September 1,078 1,067 11 43,345 36,667 6,678 October 1,038 1,073 (35) 24,207 32,142 (7,935) November 1,072 1,073 (1) 21,833 20,593 1,240 December 1,059 1,070 (11) 13,877 15,039 (1,162) January 1,059 1,065 (6) 13,644 14,645 (1,001) February 1,049 1,062 (13) 15,596 13,614 1,982 March 1,046 1,065 (19) 11,136 16,273 (5,137) April 1,061 1,066 (5) 15,320 20,488 (5,168) May 1,068 1,077 (9) 26,712 24,463 2,249 June 1,069 1,067 2 39 i638 40,725 (1,087) 317,797 332,780 (14,983) Water consumption decreased from an average of 25,966 gallons per connection per month for the previous period, to 24,921 for the current period. The income varied as follows: Water Intone Per Connection Sewer Income Per Connection Water Income Per 1,000 Gallons Sewer Income Per 1,000 Gallons of Water YEAR ENDED JUNE 30, INCREASE 1965 1964 (DECREASE) $102J 0 $103.80 $(1.70) 53.76 55.59 0.83) 0,3415 0.3331 0.0084 $ 0.1798 $ 0.1784 $ 0.0014 Page 7 The expenses of the Public Utility Fund include two major items of a nonreoccuring nature: $1,000 of the cost of Revision and Codification of the City of Moab Ordinances and $9,z,82 included in Building and Ground expense for sand blasting and painting the water tanks. This latter expense is not expected to reoccur for another five years. As of .tune 30, 1965, the status of the Public Utility Construction Fund is as follows: investments Water Project Sewer Project $116,175 653,076 158,862 TOTAL $928,113 Very truly yours, ;�; E.Y� Claus ~ Certified Public Accountant Page 8 CITY OF MOAB Grand County, Utah ASSETS COMBINED BALANCE SLEETS All Funds -June 30, 1965 SPECIAL BOND IMPROVE- SPECIAL REDEMP- GENERAL MENT ASSESS- TION & TRUST & PUBLIC BONDED GENERAL GENERAL GUARANTY MENT INTEREST AGENCY UTILITY DEBT & FIXED TOTAL FUND FUND FUND FUND FUND FUND INTEREST ASSETS CASH ON NAND & IN BANKS $ 146,718 $32,681 $25,511 $ 417 $28,533 NOTES RECEIVABLE ACCOUNTS RECEIVABLE Water & Sewer Special Assessments Due From Other Funds Other TOTAL ACCOUNTS RECEIVABLE INVESTMENTS AMOUNTS TO BE PROVIDED FOR FUTURE BOND & INTEREST RETIREMENT FIXED ASSETS Land Buildings & Structures Improvements Other Than Buildings & Structures Machinery & EquipHent Automobiles & Trucks Office Furniture & Equipment work in Progress Accumulated Depreciation NET FIXED ASSETS $5,020 $ 514,556 5,586 3,256 2,330 19,700 5,994 5,994 5,630 3,100 2,530 1,481 32,805 3,100 2,530 ,5,994 151,848 236 1,449,855 83,854 350,528 809,633 95,426 27,672 47,243 811,938 (134,644) 2,041,650 16,995 16,995 1 , 481 1,481 19,700 19,700 151,612 $1,449,855 65,227 336,880 723,971 21,848 7,791 17,767 811,938 084,644) 644) $ 18,627 13,648 85,662 73,578 19,881 12,481 1,800,778 223,877 TOTAL ASSETS $3,828,462 $39.273 $28,041 $21,406 $28,533 $6,501 $2,028,976 $1,449,855 $22,3,877 Page 9 CITY OF MOAB COMBINED BALANCE SHEETS Grand County, Utah All• Funds -,tune 30, 1965 LIABILITIES, RESERVES & SURPLUS LIABILITIES Accounts Payable Payroll Taxes & With- holdings Payable Due to Other Funds Due to Other Govern- mental Units Customers' Deposits Bonds Payable Bond Interest Payable in Future Years TOTAL LIABILITIES CONTRIBUTIONS Municipal Federal Other SPECIAL BOND IMPROVE- SPECIAL RE DEMP- GENERAL MENT ASSESS- TION & TRUST & PUBLIC BONDED GENERAL GENERAL GUARANTY MENT INTEREST AGENCY UTILITY DEBT & FIXED TOTAL FUND FUND FUND FUND FUND FUND INTEREST ASSETS $ 2,081 6,501 5,630 28,743 2,027 1,374,700 578,855 $14,743 $ 5,630 14,000 1,700 1,998,537 14,743 21,330 987,998 133,509 147,847 TOTAL CONTRIBUTIONS 1,269,354 RESERVE FOR BOND RETIREMENT 16,515 SURPLUS Surplus Invested in General Fixed Assets Unappropriated Surplus Earned Surplus 223,877 83,180 24,530 $28,041 2,076 $28,533 236,999 $6,501 $ 2,031 2,027 502,000 $ 871,000 578,855 6,501 506,108 1,449,855 987,998 133,509 147,847 1,269,354 16,515 236,999 $223,877 TOTAL SURPLUS 544,056 24,530 �28,041 2,076 28,533 2361 999 223,877 TOTAL LIABILITIES, RESERVES & SURPLUS $3,828,462 $39,273 $28,041 $23,406 $28,533 $6,501 $2,028.976 $1,449,855 $223,877 Page 10 CITY OF MOAB GENERAL FUND Grand County, Utah Revenues & Expenditures REVENUES 12 12 MONTHS ENDED .TUNE 30, 1965 MONTHS ACTUAL ENDED OVER JUNE 30, (UNDER) 1964 ACTUAL BUDGET BUDGET PROPERTY TAXES $ 48,588 $ 55,834 $ 57,500 $ (1,666) SALES TAXES 56,694 48,379 57,000 (8,621) LICENSES & PERMITS Gross Business Licenses 38,566 36,045 39,000 (2,955) Other Business Licenses 9,641 5,703 7,500 (1,797) Beer Licenses 2,700 2,650 2,500 150 Building & Construction Permits 2,132 1,006 2,000 (994) Parking deter Revenue 256 Other Licenses & Permits 561 463 500 (37) TOTAL LICENSES & PERMITS 53,856 45,867 51,500 (5,633) FINES, FORFEITURES & PENALTIES 15,837 15,680 16,000 (320) REVENUE FROM THE USE OF MONEY & PROPERTY 455 b83 700 (17) REVENUE FROM OTHER AGENCIES Class "C" Road Fund Allotment 31,163 10,182 22,195 (12,013) Liquor Fund Allotment 5,257 5,257 5,250 7 Grants From Other Political Units 6j200 6,692 6�000 692 TOTAL REVENUE FROM OTHER AGENCIES 42,620 22,131 33,445 (11,314) CHARGES FOR CURRENT SERVICES Special Services by City Dept. 32,354 5,272 3,500 1,772 Refuse Collections 21,209 20,810 22,000 (1,190) Swimming Pool 8,019 6,869 6�200 669 TOTAL CHARGES FOR CURRENT SERVICES 61,582 32,951 31 ZOO 1,251 OTHER REVENUE Sale of Real or Personal Property 4,500 1,563 8,000 (6,437) Sundry 193 169 150 19 TOTAL OTHER REVENUES 4,693 1,732 8,150 (6,418) TOTAL REVENUES $284,325 $223,257 $255,995 $(32,738) Page 11 CITY OF MOAB GENERAL FUND Grand County, Utah Revenues & Expenditures EXPENDITURES GENERAL GOVERNMENT ADMINISTRATIVE Salaries & Wades Materials, Supplies & Services Other Charges Capital Outlays TOTAL ADMINISTRATIVE MUNICIPAL COURT Salaries & Wages Materials, Supplies & Services Other Charges Capital Outlays TOTAL MUNICIPAL COURT TOTAL GENERAL GOVERNMENT PUBLIC SAFETY POLICE DEPARTMENT Salaries & Wages Materials, Supplies & Services Other Charges Capital Outlays TOTAL POLICE DEPARTMENT 12 12 MONTHS ENDED JUNE 30, 1965 MONTHS ACTUAL ENDED OVER JUNE 30, (UNDER) 1964 ACTUAL BUDGET BUDGET $ 19,517 $ 18,497 $ 20,000 $ 0,503) 11,748 17,584 18,900 (1,316) 1,810 2,577 2,200 377 548 5,016 4,5o0 516 33,623 43,674 45,6ao (1,926) 9,895 10,358 1o,aoo 358 2,7o8 3,707 3,830 (123) 639 712 670 42 1,582 900 682 13,242 16,359 15,4o0 959 46,865 60,033 61,000 (967) 33,234 28,679 28,500 179 12,657 11,202 12,030 (828) 2,481 2,416 2,320 96 2,83o 1,409 1,350 59 51,202 43,706 44"200 (499 INSPECTION DEPARTMENT Salaries & Wages 2,432 2,508 2,575 (67) Materials, Supplies & Services 411 496 810 (314) Other Charges 283 233 315 (82) Capital Outlays 129 150 (21) TOTAL INSPECTION DEPARTMENT S 3,126 3,366 $ 3,85o $ (484) Page 12 CITY OF MOAB GENERAL FUND Grand County, Utah Revenues & Expenditures EXPENDITURES, Cont'd DOG POUND Salaries & Wages Materials, Supplies & Services Other Charges TOTAL DOG POUND TOTAL PUBLIC SAFETY PUBLIC WORKS 12 12 MONTHS ENDED JUNE 30, 1965 MONTHS ACTUAL ENDED OVER JUNE 30, (UNDER) 1964 ACTUAL BUDGET BUDGET $ 2,85o $ 1,543 $ 1,5oo $ 43 1,434 1,701 1,520 18i 254 185 18o o5 4,538 3,429 3,2oo 229 58 866 50,5o1 51,250 (749) ENGINEERING DEPARTMENT Salaries & Wages 9,804 6,457 7,030 (573) Materials, Supplies & Services 4,922 1,819 2,360 (541) Other Charges 757 663 610 53 Capital Outlays 335 615 200 415 TOTAL ENGINEERING DEPARTMENT 15,818 9 555,4 10,200 (646) STREETS & HIGHWAY DEPT. (in- cluding Class "C" Road Fund) Salaries & Wages 30,289 20,094 24,5o0 (4,406) Materials, Supplies & Services 111,061 44,o04 76,295 (32,291) Other Charges 3,652 2,601 3,400 (799) Capital Outlays S�z62 1,463 2,000 (537) TOTAL STREETS & HIGHWAYS 150,264 68,162 106,195 (38=o33) WASTE COLLECTION Salaries & Wages Materials, Supplies & Services 20,447 19,124 20,975 (1,851) Other Charges 24 25 (25) TOTAL WASTE COLLECTION $ 20,471 $ 19,124 $ 21,000 $ (1,876) Page 13 CITY OF MOAB GENERAL FUND Grand County, Utah Revenues & Expenditures EXPENDITURES, Cont'd IRRIGATION PROJECT Salaries & Wades Materials, Supplies & Services Other Charges TOTAL IRRIGATION PROJECT TOTAL PUBLIC WORKS PUBLIC HEALTH HEALTH DEPARTMENT Salaries & Wages Materials, Supplies & Services Other Charges Capital Outlays TOTAL HEALTH DEPARTMENT 12 12 MONTHS ENDED JUNE 30, 1965 MONTHS ACTUAL ENDED OVER JUNE 30, (UNDER) 1964 ACTUAL BUDGET BUDGET $ 5,221 $ 7,917 $ 5,000 $ 2,917 9,360 4,147 4,900 (753) 326 544 350 194 14,907 12,608 10,250 2,358 201,460 109,448 147,645 (38,197) 2,444 2,508 2,575 (67) 388 580 675 (95) 177 173 200 (27) 129 150 (21) 3,009 3,390 3,600 (21o) TOTAL PUBLIC HEALTH 3�009 3,390 3,600 (210) PARKS & RECREATION PARKS Salaries & Wages 4,381 5,002 4,600 402 Materials, Supplies & Services 775 1,209 780 429 Other Charges 291 370 320 50 Capital Outlays TOTAL PARKS SWIMMING POOL Salaries & Wages Materials, Supplies & Services Other Charges Capital Outlays TOTAL SWIMMING POOL 5,447 6,58i 5,70o 88i 4,719 5,101 5,300 (199) 4,313 2,389 3,080 (691) 946 642 1,020 (378) 9,978 8 132 9,400 (1,268) TOTAL PARKS & RECREATION $ 15,425 $ 14,713 $ 15,100 $ (387) Page 14 CITY OF MOAB GENERAL FUND Grand County, Utah Revenues Expenditures EXPENDITURES, Cont'd MISCELLANEOUS Contributions TOTAL MISCELLANEOUS TOTAL EXPENDITURES EXCESS OR (DEFICIENCY) OF REVENUE OVER EXPENDITURES UNAPPROPRIATED SURPLUS - JULY 1 12 12 MONTHS ENDED .TUNE 30, 1965 MONTHS ACTUAL ENDED OVER JUNE 30, (UNDER) 1964 ACTUAL BUDGET BUDGET $ 5,573 7,111 $ 7,l00 $ 11 5,573 7,111 7,1ao 11 331,198 245,196 285,695 (40,499) (46,873) (21,939) $(29,700p $ (7,761) 93,342 46,469 UNAPPROPRIATED SURPLUS - JUNE 30 $ 46,469 $ 24,53O Page 15 CITY OF MOAB SPECIAL ASSESSMENT FUND Grand County, Utah Cash Receipts & Disbursements 12 MONTHS ENDED JUNE 30, 1965 SPECIAL IMPROVE- MENT PRO- GUAR- CURB & GUTTER POSED TOTAL ANTY DIST. I DIST. 2 DIST. 3 CASH BALANCE - JULY 1, 1964 $74,156 $23,158 $ 856 $ 36 S lD6 RECEIPTS Special Assessments Collected 5,306 1,117 4,18g Interest & Penaities On Assessments 699 200 499 Property Taxes 4,315 4,315 Advance From HHFA Advances From Other Funds Made or Repaid 1,900 1 900 TOTAL RECEIPTS _12�220 4,315 1,317 6,588 - TOTAL CASH BALANCE & RECEIPTS 36,376 27,473 2�173 6,624 106 DISBURSEMENTS Bonds Redeemed 8,000 1,700 6,300 Interest on Bonds 485 170 315 Engineering r Travel Property Tax Collection Expense 62 62 Due to Imp. Guar. Fund 1,900 1 900 TOTAL DISBURSEMENTS ^10,447 1,962 1,870 6,615 CASH BALANCE - JUNE 30, 1965 S25,929 $25.511 $ 303 $ 9 $ 106 Page 16 CITY OF MOAB BOND REDEMPTION & INTEREST FUND Grand County, Utah Revenues & Expenditures 12 12 MONTHS ENDED JUNE 30, 1965 MONTHS ACTUAL ENDED OVER JUNE 30, (UNDER) 1964 ACTUAL BUDGET BUDGET REVENUES Property Taxes $26,384 $17,518 $17,598 $ (80) Transfer From Utility Fund 3450 34 340 34 300 40 TOTAL REVENUES 60,924 51,858 51� 898 (40) EXPENDITURES Bond Agent Fees Collection of Taxes Matured Bonds 7/1/51 Series 2/1/56 Series 1/1/59 Series Matured Interest 7/1/51 Series 2/1/56 Series 1/1/59 Series 1/1/62 Series TOTAL EXPENDITURES EXCESS OR (DEFICIENCY) OF REVENUES OVER EXPENDITURES UNAPPROPRIATED SURPLUS - BEGINNING OF FISCAL YEAR 100 100 110 550 318 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 318 1,183 1,045 1,045 - 4,245 4,057 4,058 (1) 7,500 7,3Q0 7,300 22,000 22,000 22,000 _50,578 49,820 49�513 307 10,346 2,038 $ 2,38$ (.360 16,149 26,495 UNAPPROPRIATED SURPLUS - END OF FISCAL YEAR $26,495 $28,533 Page 17 CITY OF MOAB PUBLIC UTILITY FUND Grand County, Utah Incor:e & Expense INCOME Water Sales Sewer Service Charge Interest Other Charges TOTAL INCOME EXPENSE SALARIES & WAGES 12 MONTHS ENDED JUNE 30, 1964 12 MONTHS ENDED JUNE 30, 1965 AMOUNT % AMOUNT $110,855 62.33 8108,527 63.22 59,375 33.39 57,151 33.29 4,969 2.79 4,612 2.68 2,643 1.49 1,388 .81 177,842 100,00 171,678 100.00 ,, 47,694 26.82 46 037 26.81 MATERIALS, SUPPLIES & SERVICES Subscriptions & Memberships 142 .08 1,305 .76 Travel 1,226 .69 614 .36 Office Expense & Supplies 1,477 .83 1,361 .79 Equipment Expense 2,464 1.39 2,334 1.36 Building & Ground Expense 5,394 3.31 20,043 11.67 Special Departmental Supplies 10,001 5.62 4,270 2.49 Rentals 546 ,,31 888 .S2 Professional & Technical Services 2,834 1.59 2,023 1.18 Other 2 TOTAL MATERIALS, SUPPLIES & SERVICES 24,584 13.82 32,840 19.13 OTHER CHARGES Insurance & Surety Bonds 1,491 .84 1,091 .63 Employees Benefits 2,976 1.67 3,165 1.84 Interest Other Than Bonds 250 .14 Depreciation 30,285 17.03 27,806 16.19 Bad Debts 69 .04 27 .02 Interest on Bonds Revenue 20,843 11.72 20,733 12.07 General Obligations 29,500 16.59 29,300 17.06 TOTAL OTHER CHARGES 85,414 48.03 82,122 47.81 TOTAL EXPENSE 157,692 88.67 160,999 93.75 NET INCOME 20,150 11,33 10,679 6.25 TRANSFER (TO) OR FROM RESERVE FOR BOND RETIREMENT NET CREDITS TO EARNED SURPLUS EARNED SURPLUS - BEGINNING OF PERIOD EARNED SURPLUS - END OF PERIOD (4,168) 15,982 216_,o84 $232_066 (5,746) 4,933 232,066 $236.999 Page 18 CITY OF MOAB Grand County, Utah CASH BALANCE - JULY 1, 1964 RECEIPTS Temporary Investments - Net Interest Income from Temporary Investments TOTAL RECEIPTS TOTAL CASH BALANCE & RECU PTS PUBLIC UTILITY FUNDS Cash Receipts & Disbursements Bond Construction Accounts 12 Months Ended June 30, 1969 DISBURSEMENTS Sewer Project City of Moab Street Dept $ 12 Land 1,800 Infilco Fuller - Seuage Equipment Payment 31�800 TOTAL DISBURSEMENTS CASH BALANCE - JUNE 30, 1969 $ -0- 29,810 3,802 33�6!2 33,612 33,612 33,612 $ -0- Page 19 CITY OF MOAB Grand County, Utah CASH BALANCE - JULY 1, 1964 RECEIPTS Temporary Investments - Net Customers' Deposits - Net Contributions - Other Water & Sewer Service Charges Interest Sundry Revenues TOTAL RECEIPTS TOTAL CASH BALANCES & RECEIPTS DISBURSEMENTS Machinery & Equipment Autos & Trucks Office Furniture & Equipment Water Lines Sewer Lines Meters Principal 1/1/62 Revenue Bond Series Transfer to 1/1/62 Revenue Bond Sinking Fund Principal 1/1/59 General Obligation Bonds EXPENSE PUBLIC UTILITY FUND Cash Receipts & Disbursements Operations 12 Months Ended June 30, 1965 Salaries & Wages $ 46,037 Subscriptions & Memberships 1,305 Travel 614 Office Expense & Supplies 1,309 Equipment - Operating Supplies & Maintenance 2,220 Building & Grounds - Operating Supplies E Maintenance 19,469 Special Departmental Supplies 3,852 Rentals 888 Professional & Technical Services 2,063 Insurance & Surety Bonds 1,091 Employee Benefits 3,165 Interest On Bonds -- Revenue 20,733 Interest On Bonds - General Obligation 29,300 TOTAL DISBURSEMENTS CASH BALANCE - JUNE 30, 1965 $ 13,201 19,827 179 2,541 167,454 810 1,388 192,199 205,400 1,116 5,275 4,805 4,960 411 8,000 5,746 5,000 132,046 167, 359 $ 38,041 Page 20 CITY OF MOAB BOND & INTEREST MATURITIES Grand County, Utah Ali Funds GENERAL OBLIGATIONS Series 7/1/51 Principal Payment To Be Made Principal Outstanding - End of Year Interest Payments To Be Made Unmatured Interest - End of Year Series 2/1/56 Principal Payment To Be Made Principal Outstanding - End of Year Interest Payments To Be Made Unmatured Interest - End of Year Series 1/1/59 (See Note 2) Principal Payment To Be Made Principal Outstanding - End of Year interest Payment To Be Made Unmatured Interest - End of Year Series 1/1/62 (See Note 2) Principal Payment To Be Made Principal Outstanding - End of Year Interest Payment To Be Made Unmatured Interest - End of Year SPECIAL ASSESSMENT FUNDS Series 1/21/56 - District No. 1 Principal Payment To Be Mode Principal Outstanding - End of Year Interest Payment To Be Made FISCAL YEAR ENDED JUKE 30 1965 1966 1967 5,00o 5,0oo 5,000 33,000 23,000 23,o0o 1,045 908 770 3,383 2,475 1,705 5,00o 5,00o 5,o0o 108,000 103,000 98,000 4,058 3,870 3,682 38,872 35,002 31,320 5,000 5,000 10,000 180,000 175,000 165,000 7,300 7,100 6,800 52,600 45,50o 38,700 550,000 550,000 550,000 22,000 22,000 22,000 484,000 462,000 440,000 1,700 1,700 -- 1,700 -- 170 85 Series 3/2/60 - District No. 2 Principal Payment To Be Made 6,300 Principal Outstanding - End of Year -- Interest Payment To Be Made 315 REVENUE BONDS Series 1/1/62 Principal Payment To Be Made Principal Outstanding - End of Year Interest Payments To Be Made 8,000 8,000 9,000 502,000 494,000 485,000 20y733 20,512 20,279 Page 21 CITY OF MOAB BOND & INTEREST MATURITIES Grand County, Utah All Funds Mote 1 It is the policy of the City of Moab to transfer to the paying agents, prior to the various maturity dates, sufficient funds to redeem maturing bonds and interest coupons The principal and interest pay- ments noted above are adjusted to reflect this policy. Hence, payments which would actually be due on July 1, are shown as made during the last month of the previous fiscal year. Note 2 It is the policy of the City to transfer from the Public Utility Fund, when all Revenue Bond requirer,ents have been ret, sufficient funds to pay the 1/1/59 and 1/1/62 General Obligation Bond Series. The proceeds of these Bone! Series having been contributed to the Public Utility Fund for construction purposes. Page 22 CITY OF MOAB Grand County, Utah Western Surety Co. Limits $10,000 Bond No. 204-07-43 Western Surety Co. Limits $2,500 Bond No. 204-07-42 Western Surety Co. Limits $2,500 Bond No. 204-07-41 Premier Insurance Limits $141,000 Policy No. F53355307 Westchester Fire Insurance Co. Limits - B 1 (Auto) $300,000 B I (Other) $300,000 P D (Auto) $25,000 P D (Other) $25,000 Policy No. CAG 19-89-29 Glen Falls Insurance Co. Limits $16,000 Policy No. I. M. 6-00-69 State Insurance Fund Limits -By Law Premium Rate .0 071 Premium Rate .00$1 Grand County INSURANCE COVERAGE & SURETY BOND IN FORCE ,tune 30, 1965 Treasurers Bond Premium $204.00 4/9/64 to 4/9/67 Deputy Treasurers Bond Premium $ 25.00 4/9/64 to 4/9/67 Employees Blanket Bond Premium $296.50 4/9/64 to 4/9/67 Fire & Extended Coverage Annual Premium $494.50 3/25/65 to 3/25/66 Comprehensive Liability & Physical Damacje Adv. Premium $3,227.00 1/2/65 to 1/2/66 Contractors Equipment Premium $470.96 2/14/63 to 2/14/66 Workmens Compensation Road Maintenance Municipal Employees Explanation of coverage not available. Amount paid $1,000.00 Page 23