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Home My Public Portal About1968-1969 AuditC 1 T Y OF MOAB MOAB, UTAH REPORT ON EXAMINATION June 30, 1969 12 Months Ended June 30, 1969 INDEX Accountant's Report 1 Combined Balance Sheets, June 30, 1969 Assets 2 Liabilities, Reserves & Surplus 3 General Fund, 12 Months Ended June 30, 1969 Revenues & Expenditures 4 Special Assessment Funds, 12 Months Ended June 30, 1969 Cash Receipts & Disbursements Bond Redemption & Interest Fund 12 Months Ended June 30, 1969 Revenues & Expenditures 8 9 Public Utility Fund 12 Months Ended June 30, 1969 income & Expense 10 Operations Cash & Receipts & Disbursements 11 Bond & interest Maturities All Funds Insurance Coverage & Surety Bonds in Force Statistical Summaries 12 14 15 E. J. CLAUS CEUTIFIEA PUEILIC ACCoUNTAMT POST OFFICE BLBO, PHONE 253.5181 MOAB. UTAH 84532 November 10, 1969 Honorable Mayor and City Council City of Moab Moab, Utah Gentlemen: We have examined the Combined Balance Sheets of the Municipal Funds of the City of Moab as of June 30, 1969 and the related Statements of Revenues, Expenditures and Surplus for the year then ended. Our examination was generally accepted auditing standards and accordingly accounting records and such other auditing procedures made, in accordance, with included such tests of the as we considered necessary in the circumstances with the exception of the Genera' Fixed Assets. The historical records which have been kept on the land, buildings and equipment are incomplete and incapable of being audited. It is anticipated that the property of the city will be inventoried at sometime in the future and values individually assigned to each item. The Financial Statements of the City of Moab included herein were prepared to con- form to the "Uniform Accounting Manual for Third Class Cities and Towns," issued by the Utah State Tax Commission and as such may not conform with generally accepted accounting principals. Since we could not make adequate tests by the City of Moab and because of the express an opinion on the wise, in our opinion, the accompanying accompanying of the land, buildings and equipment owned significance of these items, we are unable to financial statements taken as a whole. Other - Combined Balance Sheets and Statements of Rev- enues and Expenditures present fairly the financial condition of the City of Moab as of June 30, 1565 and the results of its operations for the year then ended in con- formity with the State of Utah "Uniform Accounting Manual for Third Class Cities and Towns" applied on a basis consistent with that of the preceding year. Very truly yours, L (✓ E. J. Claus Certified Public Accountant 1 CITY OF MOAB Grand County, Utah SPECIAL IMPROVE- MENT GENERAL GUARANTY ASSETS TOTAL FUND FUND Cash On Hand & In Banks Accounts x Notes Receivable Water & Sewer Special Assessments Due From Other Funds Other Total Receivables Investments Amounts To Be Provided For Future Bond & Interest Retirement $ 52,54] $ 1,56i $ 2,339 25,895 11,108 29,973 29,978 5,654 72,635 29,978 176,069 90,759 1,243,395 Fined Assets Land 93,083 Buildings & Structures 377,375 Improvements Other Than Buildings & Structures 1,943,339 Machinery & Equipment 121,360 Automobiles & Trucks 44,482 Office Furniture & Equipment 30,974 Work in Progress 35,746 Accumulated Depreciation (307,352) Net Fixed Assets 2,339,307 TOTAL ASSETS $3,884,047 $ 92,320 $ 32,317 COMBINED BALANCE SHEETS All Funds -,tune 30, 1569 BOND GENERAL SPECIAL REDEMPTION TRUST & PUBLIC BOLDED GENERAL ASSESSMENT & INTEREST AGENCY UTILITY DEBT & FIXED FUND FUND FUND FUND INTEREST ASSETS $ 822 11,108 11,108 35,746 702 $ 5,416 $ 41,801 40,734 2,831 2,831 25,895 2,823 28,718 44,576 $1,243,355 71,206 $ 2],877 355,427 22,448 1,357,677 85,662 32,551 88,8o9 13,565 30,917 18,218 12,756 (307,552) 35,748 _2,041,092 262,469 47 676 $ 41,436 $ 8,247 $2,156,187 $1,243,395 $ 262,469 2 CITY OF MOAB Grand County, Utah SPECIAL IMPROVE- MENT GENERAL GUARANTY LIABILITIES, RESERVES & SURPLUS TOTAL FUND FUND Liabilities Accounts Payable Payroll Taxes & Withholdings Payable Due To Other Funds Due To Other Governmental Units Customers' Deposits Bonds Payable Bond Interest Payable in Future Years . Total Liabilities Contributions Municipal Federal Other Total Contributions $ 4,466 8,247 30,147 11,263 $ 313 11,066 1,262,000 447,395 1,774,5$4 313 956,o48 2o2,999 178,009 1,337,056 Reserve For Bond Retirement 41,033 Surplus Surplus Invested In General Fixed Assets Unappropriated Surplus Earned Surplus 262,469 169,289 299,616 Total Surplus 731,374 92,007 $ 32,317 92,007 32,317 TOTAL LIABILITIES, RESERVES & SURPLUS $3,884,047 $ 92,320 COMBINED BALANCE SHEETS All Funds -June 30, 1969 BOND GENERAL SPECIAL REDEMPTION TRUST & PUBLIC BONDED GENERAL ASSESSMENT & INTEREST AGENCY UTILITY DEBT & FIXED FUND FUND FUND FUND INTEREST ASSETS $ 30,147 10,95o 41,097 3,050 3,050 3,529 $ 41,436 3,529 41,436 $ 32,317 $ 47,676 $ 41,436 8,247 $ 4,466 11,066 • 466,000 8,247 481,532 952,998 202,999 178,009 1,334,006 41,033 299,616 $ 796,000 447.395 1,243,395 $ 262,465 299,616 262,469 8,247 $2,156,187 $1,243,395 $ 262,469 .3 CITY OF MOAB GENERAL FUND Grand County, Utah Revenues & Expenditures 12 12 MONTHS ENDED JUNE 30,_1969 MONTHS ACTUAL ENDED BETTER JUNE 30, (WORSE) REVENUES 1968 ACTUAL BUDGET BUDGET Property Taxes $ 60,143 $ 64,057 $ 60,000 4,057 Sales Taxes 71,191 70,504 62t000 8,504 Licenses & Permits Gros Business Licenses 42,964 47,929 43,000 4,529 Other Business Licenses 7,430 7,104 7,000 iO4 Beer Licenses 1,850 2,250 2,250 Building & Construction Permits 2,371 3,207 1,500 1,707 Other Licenses & Permits 555 1,220 500 720 Total Licenses & Permits Fines, Forfeitures & Penalties Revenue From the Use of Money & Property 55.170 61,710 54,250 7,46o 21 , 713 21,343 20 , 000 1.343 83 2,670 100 2,570 Revenue From Other Agencies Class "C" Road Fund Allotment 24,344 11,443 12,680 (1,237) Liquor Fund Allotment 5,_257 _ 5,257, 5,250 7 Total Revenue From Other Agencies 29,601 16,700 17,930 (1,230) Charges for Current Services Special Services by City Dept. Refuse Collections Swimming Pool 2,700 2,700 36,215 36,341 8,476 6,987 2,700 36,000 341 7,000 (13) Total Charges for Current Services 47,391 46,028 45,70o 328 Other Revenues Sale or Real or Personal Property 126 1,000 (1,000) Sundry 69 91 200 109) Total Other Revenues 195 _91 1 200 (1,109) TOTAL REVENUES 285,487 283,103 261�180 21,923 4 CITY OF MOAB GENERAL FUND Grand County, Utah EXPENDITURES Revenues & Expenditures 12 12 MONTHS ENDED .TUNE 30, 1969 MONTHS ACTUAL ENDED SETTER JUNE 30, (WORSE) 1968 ACTUAL BUDGET BUDGET GENERAL GOVERNMENT Administrative Salaries & Wages $ 17,836 $ 18,716 $ 19,000 $ 284 Materials, Supplies & Services 9,796 9,625 11,600 1,975 Other Charges 2,215 2,684 2,390 (294) Capital Outlays 156 Total Administrative 30,003 31,025 32,990 1,965 Municipal Court Salaries & Wages 11,596 12,974 13,500 526 Materials, Supplies & Services 2,270 2,401 2,965 564 Other Charges 1,275 1,489 1,620 131 Total Municipal Court 15,141 16,864 - 18,085 1 221 Total General Government 45,144 47,889 51,075 3,186 PUBLIC SAFETY Police Department Salaries & Wages 24,040 26,173 25,800 (373) Materials, Supplies & Services 10,280 11,727 10,600 (1,127) Other Charges 2,922 2,835 3,300 465 Capital Outlays 325 2,367 2,700 333 Total Police Department 37,567 43,102 42�400 (702) Inspection Department Salaries & Wages 2,568 2,675 2,610 (65) Materials, Supplies & . Services 327 496 485 (11) Other Charges 279 307 315 8 Total Inspection Department 3,174 3,478 3 4i0 (68) 5 CITY OF MOAB GENERAL FUND Grand County, Utah Revenues & Expenditures EXPENDITURES, Cont'd Dog Pound Salaries & Wages Materials, Supplies & Services Other Charges Capital Outlays Total Dog Pound Total Public Safety PUBLIC WORKS Streets & Highway Dept, (In- cluding Class "C" Road Fund Salaries & Wages Materials, Supplies it Services Other Charges Capital Outlays Total Streets & Highways Waste Collection Materials, Supplies & Services Total Waste Collection Flood Control Materials, Supplies & Services Total Flood Control 12 12 MONTHS ENDED JUNE 30, 1969 MONTHS ACTUAL ENDED BETTER JUNE 30, (WORSE) 1968 ACTUAL BUDGET BUDGET $ 900 $ 1,828 $ 900 $ (928) 1,727 1,882 2,000 118 163 271 180 (91) 2,046 (2,046) 2,790 6,027 3,080 (2,947) 43,531 52,607 48,890 (3,717) 25,338 32,172 28,000 (4,172) 48,171 49,7o4 48,o30 (1,674) 3,673 4,552 4,360 (192) 15,52 8�240 29,500 21,260 92,706 94,668 109,890 15,222 34,809 35,224 35,000 (224) 34,809 35,224 35,000 (224) Total Public Works 127,515 1,670 1,670 ,1,3,1.,562 (1,67o) (1 , 670) 144,890 13,328 6 CITY OF MOAB GENERAL FUND Grand County, Utah Revenues & Expenditures EXPENDITURES, Cont'd 12 12 MONTHS ENDED JUNE 30, 1969 MONTHS ACTUAL ENDED BETTER JUNE 30, (WORSE) 1968 ACTUAL BUDGET BUDGET PUBLIC HEALTH Health Department Salaries & Wages $ 2,568 $ 2,675 $ 2,610 $ (65) Materials, Supplies & Services 205 423 300 (123) Other Charges 279 307 315 8 Total Health Department 3,052 3,405 3,225 (130) Total Public Health 3.Ao52 3,405 3,225 (18o) PARKS & RECREATION Parks Salaries & Wages 4,790 4,863 5,000 137 Materials, Supplies & Services 1,274 1,050 1,200 150 Other Charges 524 558 600 42 Capital Outlays 3,Goo 3,000 Total Parks 6,588 6,471 9,300 3,329 Swimming Pool Salaries & Wages 3,959 4,458 4,800 342 Materials, Supplies & Services 2,054 3,095 1,675 (1,42o) Other Charges 731 8O0 930 130 Total Swimming Pool 6,744 8,353 7,405 (948) Total Parks & Recreation 13.332 14,824 17,205 2.381 MISCELLANEOUS Contributions Total Miscellaneous TOTAL EXPENDITURES Excess or (Deficiency) of Revenue Over Expenditures 5.237 7,037 7,750 713 5,237 7,037 7,750 713 237,811 257,324 273,035 15,711 47,676 25,779 $(11,855) $ 37,634 Unappropriated Surplus - July 1 18 552 66 228 UNAPPROPRIATED SURPLUS - JUNE 30 $ 66,228 $ 92,007 7 CITY OF MOAB SPECIAL ASSESSMENT FUND Grand County, Utah Cash Receipts & Disbursements 12 MONTHS ENDED JUNE 30, 1969 SPECIAL IMPROVE- MENT GUAR- CURB & GUTTER PROPOSED TOTAL ANTY DIST. 1 DIST. 2 DIST. 3 DIST. 4 Cash Balance July 1, 1568 $ 7,387 $ 6,638 $ 602 $ 41 $ 106 Receipts Special Assessments Collected 1,699 73 $ 1,626 Contributions -Municipal 2,000 2,000 Interest & Penalties On Assessments 257 16 241 Advances From Other Funds Made: or Repaid - (4,299) 599 3,700 Total Receipts 3,556 (4,259) 89 2,599 5,567 Total Cash Balance & Receipts 11,343 2,339 602 130 2,705 5,567 Disbursements Construction 6,182 672 5,510 Due Governmental Agencies 2,000 2 000 Total Disbursements 8,182 2,672 5_,510 CASH BALANCE - JUNE 30, 1969 S 3,161 $ 2,339 Y 602 $ 130 $ . 33 $ 57 8 CITY OF MOAB BOND REDEMPTION & INTEREST FUND Grand County, Utah Revenues & Expenditures 12 12 MONTHS ENDED JUNE 30, 1969 MONTHS ACTUAL ENDED BETTER JUNE 30, (WORSE) 1968 ACTUAL BUDGET BUDGET REVENUES Property Taxes $ 17,182 $ 18,300 $ 17,100 $ 1,200 Interest Income 1,320 1,320 Transfer From Utility Fund 38,450 38,050 38,500 (450) Total Revenues 55,632 57,670 55,600 2,070 EXPENDITURES Bond Agent Fees 110 110 110 Collection of Taxes 202 224 250 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 10,000 10,000 10,000 Matured Interest 7/1/51 Series 633 495 495 2/1/56 Series 3,495 3,308 3,308 1/1/59 Series 6,400 6,000 6,000 1/1/62 Series 22,000 22,000 22,000 Total Expenditures 52,840 52,137 52,163 Excess or (Deficiency) of Revenues Over Expenditures Unappropriated Surplus - Beginning of Fiscal Year 26 26 2,792 5,533 $ 3,437 $ 2,096 33,11i 35,903 UNAPPROPRIATED SURPLUS - END OF FISCAL YEAR $ 35,903 $ 41,436 9 CITY OF MOAB PUBLIC UTILITY FUND Grand County, Utah income & Expense 12 MONTHS ENDED JUNE 30, 1968 JUNE 30, 1969 AMOUNT % AMOUNT INCOME Water Sales $115,614 64.38 $118,301 64.75 Sewer Service Charge 58,483 32.56 59,796 32,73 Interest 4,795 2.67 4,492 2.46 Other Charges 703 .39 ' 118 _ .06 Total Income 179,595 100.00 182,707 100.00 EXPENSE Salaries & Wages 43,225 24.07 40,729 22.29 Materials, Supplies & Services Subscriptions & Memberships 384 .21 328 .18 Ordinances & Publications 185 .10 159 .09 Travel 319 .18 724 .40 Office Expense & Supplies 1,649 .92 1,965 1.08 Equipment Expense 3,140 1.75 4,843 2.65 Building & Ground Expense 9,214 5.13 9,813 5.37 Special Departmental Supplies 4,688 2.61 8,009 4.38 Rentals 299 .17 757 .41 Professional & Technical Services 11,070 6.16 8,814 4.82 Total Materials, Supplies & Services 30,948 17.23 35 , 412 19.38 Other Charges Insurance & Surety Bonds 237 .13 484 .26 Employee Benefits 4,752 2.65 4,676 2.56 Depreciation 33,100 18.43 35,679 19.53 Interest on Bonds Revenue 19,631 10.93 19,770 10.,2 General Obligations 28,800 16.04 28,000 15.33 Total Other Charges 86,520 48,18 88,609 48.50 Total Expense 160,693 89.48 164,750 90.17 Net Income 18,902 10.52 17,957 9.83 Transfer (To) or from Reserve for Bond Retirement Net Credits to Earned Surplus Earned Surplus - Beginning of Period EARNED SURPLUS - END OF PERIOD (7,622) (5,337) 11,280 12,620 275,716 236,996 $ 286 L996 $ 299, 616 10 CITY OF MOAB PUBLIC UTILITY FUND Grand County, Utah Cash Receipts & Disbursements 12 MONTHS ENDED JUNE 30, 1968 1969 CASH BALANCE - JULY 1 (BEGINNING OF YEAR) $ 72,753 $ 12,787 Receipts Temporary Investments - Net 24,080 Customers' Deposits - Net 2,764 Contribution - U.S. Treasury Contributions - Other 10,693 Water & Sewer Service Charges 172,173 Interest 4,399 Sundry Revenues 704 Total Receipts 214,813 Total Cash Balance & Receipts 287,571 (9,503) 2,774 11,790 12,166 174,287 4,492 118 196,124 208,911 Disbursements Land 3,400 Buildings & Structures 5,446 13,101 Improvements Other Than Buildings 14,996 33,190 Machinery & Equipment 4,444 9,992 Autos & Trucks 6,133 Office Furniture & Equipment 156 Principal 1/1/62 Revenue Bond Series 9,000 10,000 Transfer to 1/1/62 Revenue Bond Sinking Fund 7,146 5,337 Principal 1/1/59 General Obligation Bonds 10,000 10,000 Transfer to Public Utility Bond & Construction Fund 86,360 147,081 81,620 Expense Salaries & Wages 43,224 40,729 Subscriptions & Memberships 384 328 Ordinances & Publications 193 159 Travel 319 724 Office Expense & Supplies 1,592 2,018 Equipment - Operating Supplies & Maintenance 3,470 4,940 Building & Grounds - Operating Supplies & Maintenance 8,963 10,442 Special Departmental Supplies 4,858 4,867 Rentals 324 757 Professional & Technical Services 10,956 8,630 Insurance & Surety Bonds 237 484 Employee Benefits 4,752 4,676 Interest on Bonds - Revenue 20,031 19,770 Interest on Bonds - General Obligation _ 28,400 28,000 127,703 126,524 Total Disbursements 274,784 208,144 CASH BALANCE - JUNE 30 (END OF YEAR) S 12,787 $ 767 • 11 CITY OF MOAB BOND & INTEREST MATURITIES Grand County, Utah Ail Funds FISCAL YEAR ENDED JUNE 30, 1969 1970 1571 GENERAL OBLIGATIONS Series 7/1/51 Principal Payment to be Made 5,000 5,000 8,000 Principal Outstanding - End of Year 13,000 8,000 Interest Payments to be Made 495 358 220 Unmatured Interest - End of Year 578 220 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 Payments 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 Payments to be Made Unmatured Interest - End of Year REVENUE BONDS Series 1/1/62 Principal Payment to be Made Principal Outstanding - End or Year Interest Payments to be Made 5,000 5,000 5,000 88,000 83,000 78,000 3,308 3,120 2,933 24,517 21,397 18,464 10,000 10,000 10,000 145,000 135,000 125,000 6,000 5,600 5,200 26,300 20,700 15,500 550,000 22,000 396,000 10,000 466,000 19,770 550,000 22,000 374,000 10,000 456,Ooa 19,433 550,000 22,000 352,000 11,000 445,000 15,013 12 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 payments 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. 13 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 Firemen's Insurance Co, of Newark, New Jersey Limits Property Loss $179,000 Auto Liability B I $100,000/$300,000 P D $ 50,000 Comprehensive Liability 3 I $100,000/$300,000 P 0 $ 50,000 Policy No. CBP 96813 Glen Falls Insurance Co. Limits $19,800 Policy No. i. M. 12-61-51 State Insurance Fund Limits -by Law Premium hate .0107 Premium Rate .0073 INSURANCE COVERAGE G SURETY BOND IN FORCE June 30, 1969 Treasurers Bond Premium $204.00 4/9/67 to 4/9/70 Deputy Treasurers Bond Premium $25.50 4/9/67 to 4/9/70 Comprehensive Business Policy Adv. Premium $2,367.00 1/2/68 to 1/2/71 Contractors Equipment Premium $402,00 2/14/69 to 2/14/72 Workmens Compensation Road Maintenance Municipal Employees 14 CITY OF MOAB Grand County, Utah r GENERAL FUND STATISTICAL SUMMARIES The following is a comparison of the General Fund Revenues and Expenditures for the fiscal years ending June 30, 1969 and 1968. 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 1969 1968 FISCAL YEAR ENDED JUNE 30, INCREASE (DECREASE) $ 64,057 $ 60,143 $ 3,914 70,504 71,191 (687) 61,710 55,170 6,54o 21,343 21,713 (370) 2,670 83 2,587 16,700 29,601 (12,901) 46,028 47,391 (1,363) 91 195 (104) $283,103 $285,487 $ (2,384) The 1% tax collected by the State of Utah for the year ended June 30, 1969 decreased 1% compared to an increase of 33% for the prior period. SALES TAX REVENUE (PERIOD FOR WHICH COLLECTED) Prior Calendar Year 2nd Quarter 3rd Quarter 4th Quarter Current Calendar Year 1st Quarter FISCAL YEAR ENDED JUNE 30, 1969 1968 $ 17,094 17,613 19,802 15,995 TOTAL $ 70,504 $ 14,424 21,995 18,631 16 1411 $ 71 , 191 INCREASE (DECREASE) $ 2,670 (4,382) 1,171 (146) $ (687) 15 CITY OF MOAB Grand County, Utah EXPENDITURES Administrative Department Municipal Court Police Department Inspection Department Dog Pound Flood Control Streets & Highways Waste Collection Health Department Park Department Swimming Pool Contributions TOTAL EXPENDITURES EXPENDITURES - CLASSIFICATION Salaries & Wages Materials, Supplies & Services Other Charges Capital Outlays TOTAL GENERAL FUND EXPENDITURES STATISTICAL SUMMARIES FISCAL YEAR ENDED JUNE 30, 1969 1968 $ 31,025 16,864 43,102 3,478 6,027 1,67o 94,668 35,224 3,405 6,471 8►353 7,037 30,003 15,141 37,567 3,174 2,790 92,706 34,809 3,052 6,588 6,744 5,237 INCREASE (DECREASE) $ 1,022 1,723 5,535 3o4 3,237 1,670 1,962 415 353 {1 17) 1,609 1,800 $257,324 $237,811 $ 19,513 12 MONTHS ENDED JUNE 30, 1968 1969 1969 INCREASE (DECREASE) AMOUNT $ 93,595 $106,534 $ 12,939 13.82% 110,913 117,297 6,384 5.75°% 17,298 20,840 3,542 20,48% 16,005 12,653 (3,352) (20.94%) $237,811 $257,324 $ 19,513 8.21% SPECIAL ASSESSMENT FUNDS $2,556 of the Special Assessment Accounts Receivable represent delinquent accounts on Districts 1 and 2. The balance of the Receivables of $8,552 represent other curb and gutter work performed by the City. The City's files are not complete as to the work in process of $35,746. BOND REDEMPTION & INTEREST FUND When all Revenue Bond Requirements have been met, it is the policy of the City to transfer from the Public Utility Fund sufficient funds to pay Principal, Interest and Bond Agents fees 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 l6 CITY OF MOAB Grand County, Utah STATISTICAL. SUMMARIES Utility Fund are not made until the end of the fiscal year when it can be deter- mined that the Revenue Bond Requirements have been met. The transfer for the year ended June 30, 1969 was $38,050 of which $10,000 represented Bond Principal, $28,000 Bond Interest and $50 the paying Agents fees. PUBLIC UTILITY FUND As of June 30, 1969, the Retirement Fund for the January 1, 1962 Revenue Bonds had no balance, the interest due July 1, 1969 having been advanced to the collection agent in June, 1369. The Reserve Fund has a balance of $41,032. Its required amount of 20% of the amount placed into the Retirement Fund is $35,486. As of June 30, 1969 and 1968, the water and sewer accounts receivable aging is as follows: 0 - 30 days 30 - 60 days 60 - go days Over 90 days JUNE 30, 1969 JUNE 30, 1968 $17,608 68,00% $16,738 75.79% 4,635 17.90°% 3, 2o5 14.51% 1,064 4.11% 445 2.01% 2,588 9.99% 1,698 7.69% $25,895 100.o0% $22,086 100.00% For the 12 months ending June 30, 1969 and 1968, the water connections and gallons consumed were as follows: CONNECTIONS GALLONS CONSUMED IN THOUSANDS 1968- 1967- INCREASE 1968- 1967- INCREASE 1969 1963 (DECREASE) 1969 1968 (DECREASE) July 1,127 1,094 33 55,820 40,840 14,980 August 1,135 1,109 26 46,623 55,471 (8,848) September 1,144 1,105 39 45,333 45,196 137 October 1,156 1,113 43 27,849 30,785 (2,936) November 1,151 1,114 37 19,175 24,032 (4,857) December 1,156 1,109 47 11,846 13,101 (1,255) January 1,150 1,111 39 14,005 12,922 1,083 February 1,157 1,102 55 13,981 18,801 (4,820) March 1,160 1,098 62 i1,502 13,117 (1,615) April 1,166 1,105 61 25,929 23,876 2,053 May 1,180 1,108 72 35,511 30,569 4,942 June 1,189 1,115 74 47,789 41 6.28 - 6,161 355,363 350,338 5 o25 17 CITY OF MOAB Grand County, Utah STATISTICAL SUMMARIES Water consumption decreased from an average of 26,375 gallons per connection, per month for the previous period, to 25,619 gallons for the current period. The in- come varied as follows: ANNUAL AVERAGE PER CONNECTION Water Income Per Connection Sewer Income Per Connection Water Income Per 1,000 Gallons Sewer Income Per 1,000 Gallons of Water OTHER YEAR ENDED JUNE 30, 1969 1968 $io2.34 $1Q4.45 51.73 52.83 0.3329 0.3300 0.1683 0.1669 INCREASE (DECREASE) $ (2.11) (1.10) 0.0029 0.0014 Expenditures in similar categories for both the General Fund and the Public Utility Fund increased in the following categories: EXPENDITURE CLASSIFICATION Salaries & Wages Materials, Supplies & Services Other Charges 12 MONTHS ENDED JUNE 30, 1969 1968 $147,263 152,709 26,000 $136,820 141,86] 22,287 1969 INCREASE AMOUNT % $10,443 8% i 0 , 848 8% 3,713 17% 18