HomeMy Public PortalAbout1965-1966 AuditCITY OF MOAB
MOAB, HTAH
REPORT ON EXAMINATION
June 30, 1966
12 Months Ended June 30, 1966
1 N D E K
Page
Accountant's € erort 1
Combined Balance Sheets, June 30, 1966
Assets 8
1< iabi 1 i t i= s, Reserves •& Surplus 9
General Fund, 12 Months Ended .dune 30, 1966
Revenues & Expenditures
Special Assessnlent Furds, 12 Months Ended
June 30, 1966
Cash Receipts & Disbursements
Bf nci Redelptic)n & Interest; Fund
12 Months Ended dune 30, 1966
Revenues Fr Expenditures
Public Utility Fund
12 MDrIths Ended .tune 30, 1966
Income & Expense
Bond Construction Accounts
Cash Receipts & Disbursements
Operations
Cash Receipts & Dishurserirents
Bond & Interest Maturities
All Funds
Insurance Coverage
Surety Bonds In Farce
10
15
16
17
18
19
20
22
E. J. CLAUS
CIIITltlrD PUBLIC ACCOUBTANT
POST OFFICE SLOG.
PHONE 253-81e1
MOA.B, UTAH 8IE32
Honorable Mayor and City Council
City of Moab
Moab, Utah
Gentlemen:
I have reviewed the supporting data and prepared the Balance Sheets of
the Municipal Funds of the City of Moab as of June 30, 1966, and the
Statements of Revenues and Expenditures, Receipts and Disbursements or
Income and Expense for the 12 months ended June 30, 1966, 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, 1966,
the City Officials were as follows:
Mayor:
City Council:
City Attorney:
City Judge:
City Recorder:
City Treasurer:
Winford Bunce
John Mullen, Robert Curfman,
William D. McDougald, John W. West, &
Thomas A. Stocks
Robert H. Ruggeri
Donald Grist
Leland L. Stocks
H. W. Balsley
SCOPE OF WORK PERFORMED
CASH Cash in banks, aggregating $129,863 at June 30, 1966,
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, 1966. 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, 1966,
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,
1966. 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, 1966, to a general review of the results of operations for the
i2 months then ended and the application of the Utah Uniform Accounting
System. Although 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
follow the
COMMENTS
The following is a comparison of the General Fund
Revenues and Expenditures for the fiscal years ending
June 30, 1966 and 1965. As noted in the comments that
comparisons, both years contain many nonreoccuring transactions.
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
TOTAL REVENUES
FISCAL YEAR
ENDED JUNE 30
1966 1965
$ 54,556 $ 55,834
39,407 48,379
41,731 45,867
5,807 15,68o
683
16,242 22,131
41,226 32,951
335 1,732
$199.304 $223.257
INCREASE
(DECREASE)
$ (1,278)
(8,972)
(4,136)
(9,873)
(683)
(5,889)
8,275
(1,397)
$(23,953)
Page 2
PROPERTY TAXES -- The mill levy was unchanged during the two periods. For
each Fiscal year the City received per mill $4,197 in 1966 and 54,295 in
1965, a decrease of $98 per mill.
SALES TAXES - Detail of the z`i_ taxes collected by the State of Utah is as
follows:
FISCAL YEAR
PERIOD FOR WHICH ENDED JUNE 30, INCREASE
COLLECTED 1966 1965 (DECREASE)
Prior Calendar Year
2nd Quarter S11,712 $12,890 $(1,178)
3rd Quarter 3,135 12,064 (8,929)
4th Quarter 13,216 12,480 736
Current Calendar Year
1st Quarter 11,344 10,945 399
TOTAL $39,407 $48,379 $(8.972)
The revenue for the 3rd Quarter of $3,135 was reduced by $6,858, which
according to the computations of the State of Utah, had been erroneously
allocated to the City of Moab in prior periods. This information was not
known by the City Council at the time the budget was prepared. Had not
this adjustment been made the decrease would have been 52,114, or 4.37/.
LICENSES & PERMITS - Gross Business Licenses decreased $1,147 or 3.181 and
Other Business Licenses decreased $2,558 or 44.85/. In the two {previous
years the billings for Other Business Licenses were sent out far enough i
advance that considerable revenue was collected in June prior to the year
that the licenses were applicable. This was not accomplished in the year
ended June 30, 1966, and only $56 was collected compared to $2,250 collected
the previous June. If birth year: were adjusted to approximately the amount
of licenses applicable for the year ended June 30, the 1966 revenue would
show $5,339 and 1965 55,848. This would result in a decrease of $509 or
8.70, Beer Licenses decreased $525 or 19,81„ Building F__ Construction
Permits decreased $22 or 2.16, and Other Licenses & Permits such as Dock
Licenses and Bicycle Licenses increased $116 or 25.05/,. The total of
these accounts represents a 9.02/ decrease.
FINES, FORFEITURES 5 PENALTIES - This oEirce of revenue decreased 62.977,
from the previous year due to the CoHnty and State using the Justice of
Peace rather than the City Court,
REVENUE FROM OTHER AGENCIES -- The previous year contained nonreoccuring
Grants From Other Political Agencies of $6,692. Otherwise, there would
have been an increase in the Class "C" Road Fund and Liquor Fund Allot-
ments of $803 or 5.20,
Page 3
CHARGES FOR CURRENT SERVICES - Special Services By City Departments con-
tained nonreoccuring items in the prior year of $2,572. The one reoccuring
item that should have been received reimbursing the City by the County for
Building Inspection Services of $1,950 was not received until August 1966.
Refuse Collection, due to a change in the ordinances effective for 11
months of the period, increased $13,153 or 63.21%, The Swimming Pool
revenue increased $394 or 5.74%.
OTHER REVENUE - In the year ending June 30, 1965, $1,562 was received from
the sale of unused parking meters. If this nonreoccuring item is eliminated
from the comparison, Other Revenues would have increased 97.06%.
EXPENDITURES
Administrative Department
Municipal Court
Police Department
Inspection Department
Dog Pound
Engineering Department
Streets & Highways
Waste Collection
Irrigation Project
Health Department
Park Department
Swimming Pool
Contributions
TOTAL EXPENDITURES
FISCAL YEAR
ENDED JUNE 30,
1966 1965
$ 35,909
14,216
40,509
3,100
2,946
66,611
32,112
3,124
6,149
12,208
- 4,070
$220,954
$ 43,674
16,359
43,706
3,366
3,429
9,554
68,162
19,124
12,608
3,390
6,581
8,132
7 t_1 1 1
$245,196
INCREASE
(DECREASE)
$ (7,765)
(2,143)
(3,197)
(266)
(�+83)
(9,554)
(1,551)
12,988
(12,608)
(266)
(432)
4,076
(3_,041)
$(24.242)
ADMINISTRATIVE DEPARTMENT - The prior year included the following nonre-
occuring expenditures: $4,836 Capital Outlays in the new City Hall, $4,715
balance on Parking Meters acquired in prior years. The current year in-
cludes the following nonreoccuring expenditures: $2,667 the City's portion
of special planning costs in Grand County, S3,206 Bad Debts for work per-
formed or paid for by the City. When these items are eliminated the opera-
ting expenses of this department show a decrease of $4,087 or 11.98%.
Salaries & Wages account for 4.45% of this decrease which was due to
changes in the administrative procedures of the City.
MUNICIPAL COURT - $1,582 in the prior year was for nonreoccuring furniture
and fixture expenditures. After eliminating this item the expenditures for
the operation of the Municipal Court show a decrease of $561 or 3.80%.
POLICE DEPARTMENT - Expenditures for this department decreased 7,31% of
which Salaries & Wages accounted for 2.84%.
Page 4
INSPECTION DEPARTMENT - Other than $129 Capital Outlays in the prior year,
this department had very little change.
DOG POUND - The 14.09% decrease in this department was primarily in Salaries
& Wages.
ENGINEERING DEPARTMENT - This department was eliminated prior to the begin-
ning of the current year.
STREETS & HIGHWAYS - Primarily only normal activities occured in this depart-
ment during the year. Capital Outlays exceeded the prior year by $4,715 and
if this change is eliminated, operating expenditures decreased 9.19%..
WASTE COLLECTION - Expenditures of this department as a percent of revenue
were 91.90% in the prior year and 94.55Y in the current year. Net gain to
the City was $165.
IRRIGATION PROJECT - This project was completed in the prior year.
HEALTH DEPARTMENT - Other than $129 Capital Outlays in the prior year, this
department had very little change.
PARK DEPARTMENT - The operating expenditures for this department decreased
6.56/,.
SWIMMING POOL - Extensive repairs were made during the current period in-
creasing this category $3,147 over the prior year. In total, expenditures
exceeded revenue by $4,945 in the current year and $1,263 in the prior year,
for a net increase in expenditures over revenue of $3,682.
SPECIAL Delinquent accounts in Special Assessment District ##1 have
ASSESSMENT decreased during the period of July 1, 1965 to June 30,
FUNDS 1966, from four assessments totaling $455 to three assess-
ments totaling $195.
Delinquent accounts in Special Assessment District #2 have decreased from
fifteen totaling $3,911 to ten totaling $3,543.
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.
Page 5
guired amount
$21,870.
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, 1966, the Retirement Fund for the January 1,
UTILITY 1962 Revenue Bonds had no balance, the interest due July 1,
FUND 1966 having been advanced to the collection agent in June,
1966. The Reserve Fund has a balance of $22,218. Its re -
of 20% of the amount placed into the Retirement Fund is
As of June 30, 1965 and 1966, the water and sewer accounts receivable ageing
is as follows:
0 - 30 Days
30 - 60 Days
60 - 90 Days
Over 90 Days
June 30, 1965
$16,303 82.76%
1,709 8.67%
396 2.01%
1 , 292 6.5 6%,
$19,700 100.00A
June 30, 1966
$17,557 79.38%
2,393 10.82
452 2.04°%
-- 1 717 7.76%
$22.119 100.00X
For the 12 months ending June 30, 1966 & 1965, the water connections and
gallons consumed were as follows:
July
August
September
October
November
December
January
February
March
April
May
June
CONNECTIONS
1965_
1966
1964- INCREASE
1965 (DECREASE)
1,074 1,069
1,078 1,084
1,075 1,078
i,071 1,038
1,056 1,072
1,053 1,059
1,063 1,059
1,064 1,049
1,070 1,046
1,083 1,061
1,078 1,068
1,081 1,069
5
(6)
(3)
33
(16)
(6)
4
15
24
22
10
12
GALLONS CONSUMED IN THOUSANDS
1965- 19�4- INCREASE
1966 1965 (DECREASE)
44,477 52,200 (7,723)
34,84i 40,289 (5,448)
41,474 43,345 (1,871)
24,197 24,207 (10)
i5,i40 21,833 (6,693)
12,791 13,877 (1,086)
12,089 13,644 (1,555)
14,018 15,596 (i,578)
11,448 11,136 312
25,787 15,320 10,467
32,76i 26,712 6,049
48,636 _39,638 8,998
317,659 317,797 L138)
Page 6
Water consumption decreased from an average of 24,921 gallons per connection
per month for the previous period, to 24,728 gallons for the current period.
The income varied as follows:
Water Income 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
1966 1965 (DECREASE
$98.67 $102.13 $(3.46)
51.86 53.78 (1.92)
o.3325 0.3415 (o.009o)
o.1748 0.1798 (0.0050)
As of June 30, 1966, the status of the Public Utility Construction Fund is
as follows:
Cash In Bank & Investments
Water Project
Sewer Project
TOTAL
$ 95,495
653,o76
18— 3 558
$932,129
Very truly yours,
E. 4. Claus
Ceitified Public Accountant
Page 7
CITY OF MOAB COMBINED BALANCE SLEETS
Grand County, Utah Ali Funds -June 30, 1966
ASSETS
SPECIAL BOND
IMPROVE- SPECIAL REDEMP- GENERAL
GEN- MENT ASSESS- TION ." TRUST r PUBLIC BONDED GENERAL
ERAL GUARANTY MENT INTEREST AGENCY UTILITY DEBT & FIXED
TOTAL FUND FUND FUND FUND FUND FUND INTEREST ASSETS
CASH ON HAND & IN BANKS $ 129,988 $3,219 $26,552 $ 1,437 $30,244 S3�152 s 65,384
NOTES RECEIVABLE 2,330 2,330
ACCOUNTS RECEIVABLE
Water & Sewer 22,119 22,119
Special Assessments 3,738 3,738
Due From Other Funds 5,630 5,630
Other 2,310 ^22 310
TOTAL ACCOUNTS RECEIVABLE 33,797 5,63o 3,738 2,310 22,119
INVESTMENTS 152,886 236 152,650
AMOUNTS TO BE PROVIDED FOR
FUTURE BOND & INTEREST
RETIREMENT
FIXED ASSETS
Land
Buildings & Structures
Improvements Other Than
Buildings F Structures
Machinery & Equipment
Automobiles & Trucks
Office Furniture F
Equipment
Work In Progress
Accumulated Depreciation
NET FIXED ASSETS
TOTAL ASSETS
1)400,977 S1,400,97/
83,853 65,226 S 18,62
350,528 336,880 13,648
810,452 724,790 85,662
95,468 21,98o 73,488
31,382 7,791 23,51
3o,628 17,967 12,661
853,628 16,994 836,634
(214,649) (214,649)
2,041,290 16,994 _1,796,619 227,677
$3,761,268 $3,455 2 182 S22,169 $30)244 $5,462 '22039,102 S1,400,977 S227,6ii
Page 8
CITY OF MOAB
Grand County, Utah
LIABILITIES, RESERVES &
SURPLUS
LIABILITIES
Accounts Payable
Payroll Taxes & With-
holdings Payable
Due to Other Funds
Due to Other Governmental
Units
Customers' Deposits
Bonds Payable
Bond Interest Payable
in Future Years 544,977
TOTAL LIABILITIES 1,926,509
TOTAL
$ 2,790
5,462
5,630 $ 5,630
GEN
ERAL
FUND
COMBINED BALANCE SHEETS
All Funds -June 30, 1966
SPECIAL BOND
1APROVE- SPECIAL REDEOP- GENERAL
MENT ASSESS- TION & TRUST & PUBLIC BONDED GENERAL
WARANTY MENT INTEREST AGENCY UTILITY DEBT & FIXED
''FUND FUND FUND FUND FUND INTEREST ASSETS
14,575 S 5 14,000
3,075
1,350,000
CONTRIBUTIONS
Municipal 982,gg8
Federal 133,509
Other 150,271
TOTAL CONTRIBUTIONS 1,266,778
RESERVE FOR BOND RETIREMENT 22,218
SURPLUS
Surplus Invested in
General Fixed Assets
Unappropriated Surplus
Earned Surplus
227,677
67,845 2,8
250,241
TOTAL SURPLUS 545,763 2 8
TOTAL LIABILITIES, RESERVES &
SURPLUS $3,761,268 $3 4 -2 182 $220 69 $31,244 5 462 $21039,F02 14oa 977 $227,677
--19: 63 0
$5,462
$ 2,790
3,075
494,000 $ 856,000
544,977
5�462 499,865 1,400,977
982,998
133,509
150,271
11266, 778
,182 2,539 $30,244
250,241
182 2,539 30,244 250,241 227,677
22,218
S227,677
Page 9
CITY OF MOAB GENERAL FUND
Grand County, Utah Revenues & Expenditures
REVENUES
PROPERTY TAXES
SALES TAXES
i2 12 MONTHS ENDED JUNE 30, 1966
MONTHS ACTUAL
ENDED OVER
JUNE 30, (UNDER)
1965 ACTUAL BUDGET BUDGET
$ 55,834 $ 54,556 $ 57,000 S (2,444.)
48,379 39407 50,000 (10,593)
LICENSES & PERMITS
Gross Business Licenses 36,045 34,898 35,000 (102)
Other Business Licenses 5,703 3,145 7,000 (3,855)
Beer Licenses 2,650 2,125 2,000 125
Building & Construction Permits 1,006 984 1,000 (16)
Other Licenses & Permits 463 579 500 79
TOTAL LICENSES & PERMITS 45L867 _ 41,731 45,500 (3,769)
FINES, FORFEITURES & PENALTIES 15,680 5,807 15,000 (9,193)
REVENUE FROM THE USE OF MONEY &
PROPERTY 683 300
REVENUE FROM OTHER AGENCIES
Class "C" Road Fund Allotment
Liquor Fund Allotment
Grants From Other Political
Units
(300)
10,182 10,985 12,000 (1,015)
5,257 5,257 5,250 07
6, 69 2
TOTAL REVENUE FROM OTHER AGENCIES 22,131 16,242 17,250 (1,008)
CHARGES FOR CURRENT SERVICES
Special Services by City Dept, 5,272 3,000 (3,000)
Refuse Collections 20,810 33,963 38,800 (4,837)
Swimming Pool 6,869 7,263 6,200 1,063
TOTAL CHARGES FOR CURRENT SERVICES 32,951 41,226 48,000 (6,774)
OTHER REVENUES
Sale of Real or Personal Property 1,563 254 254
Sundry 169 81
�3 300 (3,219)
TOTAL OTHER REVENUES 1,732 335 3,300 (2,965)
TOTAL REVENUES $223,257 $199,304 $236,350 $(37,046)
Page 10
CITY OF MOAB GENERAL FUND
Grand County, Utah Revenues & Expenditures
EXPENDITURES
GENERAL GOVERNMENT
ADMINISTRATIVE
Salaries & Wages
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, 1966
MONTHS ACTUAL
ENDED OVER
JUNE 30, (UNDER)
1565 ACTUAL BUDGET BUDGET
$ 18,497 $ 16,979 $ 18,750 $ (1,771)
17,584 16,996 17,600 (604)
2,577 1,754 2,225 (471)
5�016 180 180
4� 74 35,909 38,575 (2,666)
1o,358 lo,3o2 10,400 (98)
3,707 3,179 4,o25 (846)
712 735 725 l0
1_ 2 100 (l0o)
16,359 14,216 _ 15,25o (1,o34)
6oo33 5o,125 _ 5.3,825 (3,7oo)
28,679 27,436 29,300 (1,864)
11,202 8,930 11,875 (2,945)
2,416 2,711 2,500 211
1�409 1,432 - -1 500 (68)
43,706 4o,5o9 45,175 (4,666)
INSPECTION DEPARTMENT
Salaries & Wages 2,508 2,532 2,575 (43)
Materials, Supplies &
Services 496 441 535 (94)
Other Charges 233 127 305 (178)
Capital Outlays 129
TOTAL INSPECTION DEPARTMENT
3,366 $ 3,100
$ 3,415
$ (315)
Page 11
CITY OF MOAB GENERAL FUND
Grand County, Utah Revenues & Expenditures
EXPENDITURES, Cont'd
12 12 MONTHS ENDED JUNE 30, 1966
MONTHS ACTUAL
ENDED OVER
JUNE 30, (UNDER)
1965 ACTUAL BUDGET BUDGET
DOG POUND
Salaries & Wages $ 1,543 $ 930 $ 1,150 $ (220)
Materials, Supplies &
Services 1,701 1,892 1,890 02
Other Charges 185 124 160 (36)
TOTAL DOG POUND _ 3,429 2,946 3,200 (254)
TOTAL PUBLIC SAFETY
PUBLIC WORKS
5o�5o1 46,555 51,790 (5,235)
ENGINEERING DEPARTMENT
Salaries & Wages 6,457
Materials, Supplies &
Services 1,819
Other Charges 663
Capital Outlays 615
TOTAL ENGINEERING DEPARTMENT 9,554
STREETS & HIGHWAY DEPT. (in-
cluding Class "C" Road Fund)
Salaries & Wages 20,094
Materials, Supplies &
Services 44,004
Other Charges 2,601
Capital Outlays 1,463
TOTAL STREETS & HIGHWAYS 68 162
WASTE COLLECTION
Salaries & Wages
Materials, Supplies &
Services
Other Charges
22,870
34,228
3,453
6� 0 60
66.611
18,700 4,170
35,350
3,125
3,000
6o,175
(1,122)
328
3,060
6,436
19,124 32,112 33,900 (1,788)
25 (25)
TOTAL WASTE COLLECTION $ 19,124 $ 32,112 $ 33,925 (1,813)
Page 12
CITY OF MOAB GENERAL FUND
Grand County, Utah Revenues & Expenditures
EXPENDITURES„ Cont'd
IRRIGATION PROJECT
Salaries & Wages
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
TOTAL PUBLIC HEALTH
PARKS & RECREATION
PARKS
Salaries & Wages
Materials, Supplies &
Services
Other Charges
Capital Outlays
TOTAL PARKS
SWIMMING POOL
Salaries & Wages
Materials, Supplies &
Services
Other Charges
Capital Outlays
TOTAL SWIMMING POOL
12 12 MONTHS ENDED JUNE 30, 1966
MONTHS ACTUAL
ENDED OVER
JUNE 30, (CINDER)
1�65 ACTUAL BUDGET BUDGET
$ 7,917 $ $ $
4,147
544
12�6o8
109,448 _ 98,723 94,10o 4,623
2,5o8 2,532 2,575 (43)
58o 412 2,190 (1,778)
173 18o 200 (20)
129
3 3_90 _ 3 ,124 4,965 (1 , 841)
3,390 3,124 4,965 (1,840
5,002 4,662 4,575 87
1,209 1,123 800 323
370 364 355 o9
6,581 6,149 5,730 419
5,1o1 5,182
2,389 6,336
642 690
5,700 (518)
3,075 3,261
1,100
(41o)
8t132 12,208 9,875 2,333
TOTAL PARKS & RECREATION $ 14,713 $ 18,357 $ 15,605 5�752
Page 13
fa
2ty
CITY OF MOAB
GENERAL FUND
Grand County, Utal, Revenues & Expenditures
EXPENDITURES, Cont'd
MISCELLANEOUS
Contributions
TOTAL MISCELLANEOUS
TOTAL EXPENDITURES
EXCESS OR (DEFICIENCY) OF REVENUE
OVER EXPENDITURES
UNAPPROPRIATED SURPLUS - JULY 1
UNAPPROPRIATED SURPLUS - JUNE 30
12 12 MONTHS ENDED JUNE 30, 1966
MONTHS ACTUAL
ENDED OVER
JUNE 30, (UNDER)
1,965 ACTUAL BUDGET BUDGET
$ 7,111 $ 4,070 7,300 $ (3,230)
7,111 _ 4,070 _ 7,300 (3,230)
245,196 220,954 227.585 (6,631)
(21,939) (21,650) $ 8,765 $(30,415)
_ 46,469 2� 4 530
$ 24,530 $ 2,880
Page 14
CITY OF MOAB SPECIAL ASSESSMENT FUND
Grand County, Utah Cash Receipts & Disbursements
12 MONTHS ENDED JUNE 30, 1966
SPECIAL
IMPROVE-
MENT PRO-
GUAR- CURB & GUTTER POSED
TOTAL ANTY DIST. I DIST. 2 DIST. 3
CASH BALANCE - JULY 1, 1965 $25,929 S25,511 S 303 S 9 $ 106
RECEIPTS
Special Assessments Collected 2,255 1,621 634
Interest & Penalties On
Assessments 549 315 234
Property Taxes 4,200 4,200
Advances From Other Funds
Made or Repaid (3,100) 3,100
TOTAL RECEIPTS 7004 1�100 1,936 868 3,100
TOTAL CASH BALANCE & RECEIPTS 32,933 26,611 2,239 877 3,206
DISBURSEMENTS
Bonds Redeemed 1,700 1,700
Interest on Bonds 85 85
Property Tax Collection Expense 59 59
Due to Imp. Guar. Fund 3,100 3,100
TOTAL DISBURSEMENTS 4,944 59 1,785 3,100
CASH BALANCE JUNE 30, 1966 $27,989 S26,552 $ 454 S 877 S 106
Page 15
CITY OF MOAB BOND REDEMPTION & INTEREST FUND
Grand County, Utah Revenues & Expenditures
12 12 MONTHS ENDED .TUNE 30, 1966
MONTHS ACTUAL
ENDED OVER
JUNE 30, (UNDER)
1_265 ACTUAL BUDGET BUDGET
REVENUES
Property Taxes $17,518 $16,785 $16,800 $ (15)
Transfer From Utility Fund 34340 34,160 34,100 60
TOTAL REVENUES 51,858 50,945 50,900 45
EXPENDITURES
Bond Agent Fees 100 120 120
Collection of Taxes 318 236 380 (144)
Matured Bonds
7/1/51 Series 5,000 5,000 5,000
2/1/56 Series 5,000 5,000 5,000
1/1/59 Series 5,000 5,000 5,000
Matured Interest
7/1/51 Series 1,045 908 908
2/1/56 Series 4,057 3,870 3,870
1/1/59 Series 7,300 7,100 7,100
1/1/62 Series 22,000 22000 22,000
TOTAL EXPENDITURES 49,820 49,234 49378 (144)
EXCESS OR (DEFICIENCY) OF REVENUES
OVER EXPENDITURES
UNAPPROPRIATED SURPLUS - BEGINNING OF
FISCAL YEAR
UNAPPROPRIATED SURPLUS - END OF
FISCAL YEAR
2,038 1,711 $ 1,522 $ 189
26,495 28, 533
$28,533 53o,244
Page 16
CITY OF MOAB PUBLIC UTILITY FUND
Grand County, Utah Income & Expense
INCOME
Water Sales
Sewer Service Charge
Interest
Other Charges
TOTAL INCOME
EXPENSE
SALARIES & WAGES
12 MONTHS ENDED
JUNE 30, 1965 JUNE 30, 1966
AMOUNT '/,_. AMOUNT %
$108,527 63.22 $105,625 62.66
57,151 33.29 55,517 32.94
4,612 2.68 6,990 4.15
1 L388 .81 417 .25
171J 678 100.00 168,549 100.00
46,037 26.81 42,727 25.35
MATERIALS, SUPPLIES & SERVICES
Subscriptions & Memberships 281 .16 257 .15
Ordinances & Publications 1,024 .60 763 .45
Travel 614 .36 337 .20
Office Expense & Supplies 1,361 .79 2,088 1.24
Equipment Expense 2,334 1.36 2,615 1.55
Building & Ground Expense 20,043 11.67 7,689 4.56
Special Departmental Supplies 4,270 2.49 4,403 2.62
Rentals 888 .52 372 .22
Professional & Technical
Services 2,023 1.18 3,584 2.13
Other 2
TOTAL MATERIALS, SUPPLIES &
SERVICES 32,840 19.13 22,108 13.12
OTHER CHARGES
Insurance & Surety Bonds 1,091 .63 2,108 1.25
Employees Benefits 3,165 1.84 3,043 1.81
Depreciation 27,8o6 16.19 30,005 17.80
Bad Debts 27 .02
Interest On Bonds
Revenue 20,733 12.07 20,513 12.17
General Obligations 29300 17.06 29,100 17.26
TOTAL OTHER CHARGES 82,122 47.81 84,769 50.29
TOTAL EXPENSE 16o1999 93.75 149,604 88.76
NET INCOME 10,679 6.25 18,945 11.24
TRANSFER (TO) OR FROM RESERVE FOR
BOND RETIREMENT (5,746) (5,703)
NET CREDITS TO EARNED SURPLUS 4,933 13,242
EARNED SURPLUS - BEGINNING OF PERIOD 232,066 236_,999
EARNED SURPLUS - END OF PERIOD $236,999 $250,241
Page 17
CITY OF MOAB
Grand County, Utah
CASH BALANCE - JULY 1, 1965
RECEIPTS
Temporary Investments - Net
Interest Income From Temporary Investments
TOTAL RECEIPTS
TOTAL CASH BALANCE 6- RECEIPTS
DISBURSEMENTS
Sewer Project
Other
Nielsen & Maxwell - Engineering
Infilco Fuller -- Sewer Equipment Payment
TOTAL DISBURSEMENTS
CASH BALANCE - JUNE 30, 1966
PUBLIC UTILITY FUNDS
Cash Receipts & Disbursements
Bond Construction Accounts
12 Months Ended June 30, 1966
-0-
22,414
2 360
24774
24�774
832
8,064
15,800
24,696
78
Page 18
CITY OF MOAB
Grand County, Utah
CASH BALANCE - JULY 1, 1965
RECEIPTS
Customers' Deposits - Net
Contributions - Other
Water & Sewer Service Charges
Interest
Sundry Revenues
TOTAL RECEIPTS
TOTAL CASH BALANCES & RECEIPTS
PUBLIC UTILITY FUND
Cash Receipts & Disbursements
Operations
12 Months Ended June 30, 1966
DISBURSEMENTS
Temporary Investments - Net 5 20,802
Machinery & Equipment 132
Office Furniture & Equipment 200
Water Lines 778
Sewer Lines 41
Principal 1/1/62 Revenue Bond Series 8,000
Transfer To 1/1/62 Revenue Bond Sinking Fund 5,702
Principal 1/1/59 General Obligation Bonds 5,000
EXPENSE
Salaries & Wages $42,727
Subscriptions & Memberships 257
Ordinances & Publications 763
Travel 337
Office Expense & Supplies 2,092
Equipment - Operating Supplies & Maintenance 2,657
Building & Grounds - Operating Supplies
Maintenance 7,456
Special Departmental Supplies 4,074
Rentals 347
Professional & Technical Services 3,417
Insurance & Surety Bonds 2,108
Employee Benefits 3,043
Interest On Bonds - Revenue 20,512
Interest On Bonds - General Obligation 29.100 118s 890
TOTAL DISBURSEMENTS
CASH BALANCE - JUNE 30, 1966
$ 38,041
1,048
2,424
'57,859
1,980
417
163,728
201,769
159,545
$ 42,224
Page 19
CITY OF MOAB BOND & INTEREST MATURITIES
Grand County, Utah All Funds
GENERAL. OBLIGATIONS
FISCAL YEAR
ENDED JUNE 30
1966 1967 1968
Series 7/1/51
Principal Payment To Be Made 5,000 5,000 5,000
Principal Outstanding - End of Year 28,000 23,000 18,000
Interest Payments To Be Made 908 770 632
Unmatured Interest -- End of Year 2,475 1,705 1,073
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)
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)
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 Made
Principal Outstanding - End of Year
Interest Payment To Be Made
REVENUE BONDS
Series 1/1/62
Principal Payment To Be Made
Principal Outstanding - End of Year
Interest Payments To Be Made
5,000 5,00o 5,000
1o3,000 98,000 93,Ooo
3,870 3,682 3,495
35,002 31,320 27,825
5,000 io,o00 io,000
175,000 165,0oo i55,000
7,1o0 6,800 6,400
45,5oo 38,7oo 32,3oo
550,000 550,000 550,000
22,000 22,000 22,000
462,000 440,000 418,000
1,700
85
8,000 9,000 9,000
494,000 485,000 476,000
20,512 2o,279 20,o31
Page 20
CITY OF MOAB BOND & INTEREST MATURITIES
Grand County, Utah All Funds
Note 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 requirements have been met, sufficient funds to
pay the 1/1/59 and 1/1/62 General Obligation Bond Series. The proceeds
of these Bond Series having been contributed to the Public Utility Fund
for construction purposes.
Page 21
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
Hawkeye-Security Insurance Co.
Limits - B 1 (Auto) $300,000
B I (Other) $300,000
P 0 (Auto) $25,000
P D (Other) $25,000
Policy No. CGA 2-605936
Glen Falls Insurance Co.
Limits $11,600
Policy No. I. M. 11-45-71
State Insurance Fund
Limits -By Law
Premium Rate .0083
Premium Rate .0086
INSURANCE COVERAGE &
SURETY BOND IN FORCE
,tune 30, 1966
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 S296.50
4/9/64 to 4/9/67
Fire & Extended Coverage
Annual Premium $494.50
3/25/66 to 3/25/67
Comprehensive Liability
& Physical Damage
Adv. Premium $3,499.50
1/2/66 to 1/2/67
Contractors Equipment
Premium $235.00
2/14/66 to 2/14/69
Workmens Compensation
Road Maintenance
Municipal Employees
Page 22