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Home My Public Portal AboutAudit June 30, 1978 & 1977 & 12 Months Ended June 30, 1978 1977 (1)CITY OF MOAB MOAB, UTAH REPORT ON EXAMINATION June 30, 1978 & 1977 12 Months Ended June 30, 1978 & 1977 Rona[d Z._Auger CERTIFIED PUBLIC ACCOUNTANT 50 E. CENTER MOAB, UTAH 84532 50 EAST CENTER ST. MOAB, UTAH 84532 Rona�cl cam• Auger CERTIFIED PUBLIC ACCOUNTANT December 5, 1978 City Council City of Moab Center Street Moab, Utah 84532 Gentlemen, Telephone (801) 259-7883 We would like to thank the staff for their help in the recently completed audit of the books and records. The books and records have been maintained in excellent order, both as to the input analysis and coding and to the processing by E. J. Claus, CPA. The monthly runs to the council present the affairs of the city accurately. We slid note various items during our field work that we felt should come to your attention. The items are not necessarily in order of importance but as we noted them. It is essential that you establish more control of cash in the collection department. It was possible during the last year to accept cash on a water bill, discount a water bill, and post to the ledger card by the same person.. This problem has been partially eliminated recently. You need to make every effort to complete a detail list of the fixed assets owned in whole or in part by the General Fund. The procedures to follow are outlined in the State of Utah "Uniform Accounting Manual for Third Class Cities and Towns" manual. If you need further help or assistance please do not hesitate to contact this office. The City of Moab should endeavor to inventory at cost supplies of long lasting nature both for the Public Utility Fund and the General Fund to be capitalized as an asset. Along with this program should be the necessary controls to enable the city to maintain ownership of these assets. We noticed that not all of the bond coupons were mutilated when turned over to the City and they should be so there will be no chance to process them twice. Also, the coupons were not timely pasted into the bond books to ensure the safety of the coupons. A Bond Interest payment for a bond was paid to someone other than the agent for which the City had intended to use. In the future all coupons should be processed through the collecting agent because at June 30, 1978 First Security Bank owed the City $1,840 due to the extra payment to another agency. T recommend a letter.be issued to the First Security Bank for refund of these funds. During the course of the audit we noticed that a bin was maintained to the left of the cash register. This bin was used to accumulate checks paid over the counter and then stamped, and put into the drawer all at one time. There is a period of time that the checks remain not stamped, "for deposit only" and are readily available to passing people. You should put these checks immediately when received into the register. The customer deposit ledger was not maintained during FYE June 30, 1978 and presently you do not have an accurate list of deposits by customer that the_City owes. The book should be brought up to date using the accounting data management computer statements. The water department for a period of time was using a pencil schedule rather than the computer to compute certain water bills. This chart was in error and lowered the income to the City though not materially. Accounts receivable should be reviewed on the notes receivable account for both the General Fund and the Special Assessment Fund. Some accounts have had no payments in the past year. A water connection was installed but it appears that the City has not been paid for the application yet. The City licenses and the City franchise tax is not always paid timely and there was not a pro- cedure for follow up to collect these City revenues. In the reconciliation of checking accounts we had First Security Bank give us on three separate occasions inaccurate data as to the monies on account with them, either in dollar amount or even stating none was on deposit as to the Time Certificates. We recommend that the City hire possibly a parr -time staff person to do some of the following functions to help the internal control of the City of Moab; occasionally prepare payroll checks, reconcile bank accounts, check on purchase order procedures being followed, key punch the account receivable cards. It is also recommended that the City Recorder do not certify purchase orders where he has full knowledge that the item will not be used by the City and will be used by someone not exempt from sales tax. Some of these items have already been corrected by the City Recorder but were brought to your attention because they were noticed during the course of the audit and we felt you would want to have knowledge of the events. Respectfully submitted, 44.4: c-A (-- ---- Ronald L. Auger Certified Public Accountant CITY OF MOAB MOAB, UTAH REPORT ON EXAMINATION June 30, 1978 & 1977 12 Months Ended ,Tune 30, 1978 & 1977 i CITY OF MOAB GRAND COUNTY, UTAH TABLE OF CONTENTS PAGE ACCOUNTS REPORT GENERAL FUND Revenue and Expenditure 1 Analysis of Budget 5 BOND REDEMYi'lON AND INTEREST FUND Revenue and Expenditures 9 Schedule of Changes in Bonds Payable 10 PUBLIC UTILITY FUND Income and Expense 11 Statement of Changes in Financial Position 12 Cash Receipts and Disbursements 13 TRUST AND AGENCY FUND Balance Sheet 14 Analysis of Changes in Fund Balances 15 Cash Receipts and Disbursements 16 SPECIAL ASSESSMENT FUND Ralance Sheet 17 Analysis of Changes in Fund Balances 18 Cash Receipts and Disbursements 19 COMBINED STATEMENTS Combined Balance Sheet NOTES TO FINANCIAL, STATEMENTS STATISTICAL SECTION 20 22 23 50 EAST CENTER ST. MOAB, UTAH 84532 Ronald ,C.Auger CERTIFIED PUBLIC ACCOUNTANT December 1, 1978 Honorable Mayor & City Council City of Moab Moab, Utah 84532 Telephone (801 )259-7883 Gentlemen: We have examined the Balance Sheets of the funds listed below of the City of Moab, Utah as of June 30, 1978 and June 30, 1977, and as applicable the related Statements of Revenues, Expend- itures, and Fund Balances, Cash Receipts and. Disbursements and Statements of Changes in Financial Position for the year then ended. General Fund Special Assessment Funds Bond Redemption and Interest Fund Public Utility Fund Trust and Agency Fund Except as explained in the following paragraph our examin- ation was made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered nec- essary in the circumstances. The historical records of the land, buildings, and equipment are that the property of the City will the future and values individually General Fixed Assets for the incomplete. It is anticipated be inventoried at sometime in assigned to each item. In our opinion the accompanying Balance Sheets and Statements of Revenues, Expenditures and Fund Balances, Cash Receipts and Disbursements, and Statement of Changes in Financial Position, pre- sent fairly the financial condition of the funds listed above of the City of Moab as of June 30, 1978 and June 30, 1977, and the results of operations for the year then ended in conformity with the State of Utah "Uniform Accounting Manual. for Cities" and generally accepted principles of Governmental accounting applied on a basis consistent with that of the preceding year. Very truly yours, Ronald L. Auger Certified Public Accountant Page 1 of 4 CITY OF MOAB GENERAL FUND GRAND COUNTY, UTAH REVENUES & EXPENDITURES 12 MONTHS ENDED JUNE 30, 1978 1977 ACTUAL OVER ACTUAL ( SEE (UNDER) PRIOR BUDGET NOTE) BUDGET YEAR REVENUES Property Taxes $176,400 $183,731 Sales Taxes 200,000 256,055 Franchise Taxes _ 5,000 17,303 License & Permits Gross Business Licenses 100,000 117,580 Other Business Licenses 7,500 7,664 Beer Licenses 2,750 3,078 Building & Construction Permits 7,500 8,018 Other Licenses & Permits 1,800 3,288 Total Licenses & Permits 119,550 139,628 Intergovernmental Revenue Federal & State Grants Class "C" Road Fund Allotment Liquor Fund Allotment 162,990 96,271 (66,719) 14,193 15,982 1,789 9,050 9,200 150 7,331 $152,818 56,055 214,215 12,303 9�528 17,580 98,o42 164 8,534 328 2,75o 518 7,084 1,488 1,83o 20,078 118,240 43,253 28,175 9,050 Total Intergovernmental Revenue 186,233 121,453 (64,78o) 80,E-78 Charges For Services Special Services by City Depts. 23,653 18,646 ( 5,007) 7,512 Refuse Collections 139,600 136,673 ( 2,927) 101,896 Swimming Pool 101000 12,835 2�835 10,020 Total Charges For Services 173,253 168,154 ( 5,099) 119,E+28 Fines, Forfeitures & Penalties 46,000 47,141 1,141 46,835 Revenue From The Use of Money 6,o00 14,163 8,163 8,887 Other Revenues Sale of Real or Personal Property 5,114 5,114 18 Sundry 100 1,222 1,122 118 Total Other Revenues zoo 6,336 6,236 136 TOTAL REVENUES $912,536 $953,964 $ 41,428 750,565 1 Page 2 of 4 GRAND C OUNTTY , U TAH EXPENDITURES GENERAL GOVERNMENT Administrative Personal Services Materials, Supplies & Services Other Charges Capital Outlays Total Administrative CITY OF MOAB GENERAL FUND REVENUES & EXPENDITURES 12 MONTHS ENDED JUNE 30, 1978 1977 ACTUAL OVER ACTUAL ( SEE (UNDER) PRIOR BUDGET NOTE) BUDGET YEAR 43,2oa 42,413 055 $ (385) 1,145) $ 41,192 36,olo 1i,000 10,096 ( 9o4) 6,424 2,000 1,533 ( �+67) 984 loo,998 98,o97 (229o1) 84,610 Municipal Court Personal Services 36,213 33,492 (2,721) 32,832 Materials, Supplies & Services 4,210 4,187 ( 23) 3,579 Capital Outlays 700 819 119 - Total Municipal Court 41,123 38,498 (2,625) 36411 Elections Materials, Supplies & Services Total Elections Total General Government PUBLIC SArETY 2,000 1,511 ( 489) 22000 1,511 ( 489) 144 121 138,106 (6,015) 121,021 Police Department Personal Services 89,461 88,427 (1,034) 66,993 Materials, Supplies & Services 22,036 26,693 4,657 19,521 Capital Outlays 8,000 13,512 5,512 13,802 Total Police Department 119,497 128,632 9,135 100,316 Alcohol Enforcement Personal Services 15,787 14,963 ( 824) 13,397 Materials, Supplies & Services 3,889 4,366 477 2,561 Total Alcohol Enforcement 19,676 19,329 ( 347) 15,958 Inspection Department Personal Services 24,555 21,840 (2,715) 11,694 Materials, Supplies & Services 2,550 2,505 ( 45) 2,565 Capital outlays 4,200 4 Za86 ( 114) Total Inspection Department $ 31,305 $ 28,431 $ (2,874) $ 14,259 2 Page 3 of 4 CITY OF MOAB GENERAL FUND GRAND COUNTY, UTAH REVENUES & EXPENDITURES EXPENDITURES, Cont'd Dog Pound Personal Services Materials, Supplies & Services Capital Outlays Total Dog Pound Total Public Safety PUBLIC WORKS 12 MONTHS ENDED JUNE 30, 1978 1977 ACTUAL OVER ACTUAL (SKH (UNDER) PRIOR BUDGET NOTE) BUDGET YEAR $ 13,o58 $ 11,662 5,55o 5,o49 4,4o0 4,210 23,008 201921 193,486 197,313 ( 1,396) ( 501) ( 190) ( 2,087) 3,827 11,753 3,836 15,589 146,122 Street & Highway Department (Including Class "C" Road Fund) Personal Services 58,386 42,071 (16,315) 42,004 Materials, Supplies & Services 73,100 79,427 6,327 45,513 Capital Outlays 44,400 47,291 2,891 - Total Street & Highway Department 175,886 '68,789 ( 7,097) 87,517 Waste Collection Materials, Supplies & Services 156,560 158� 557 1,997 1o6,809 Total Waste'.Collection 1.56,560 158,557 1,997 1.06,809 Flood Control Materials, Supplies & Services 2,000 1,104 ( 896) 448 Total Flood Control 2,000 1,104 ( 896) 448 Total Public Works 334,WI6 328,450 ( 5,996) 194,774 PARKS & RECREATION Parks Personal Services Materials, Supplies & Services Capital Outlays 11,920 9,764 ( 2,156) 8,723 9,815 11,615 1,800 7,494 17,5oo 6,449 (11,051) 1,6o7 Total Parks $ 39,235 $ 27,828 $(11,4o7) $ 17,824 Page 4 of 4 CITY OF MOAB GRAND COUNTY, UTAH EXPENDITURES, Cont'd Swimming Pool Personal Services Materials, Supplies & Services Capital Outlays Total Swimming Pool Total Parks & Recreation MISCELLANEOUS Contributions Contribution to other Funds Total Miscellaneous Total Expenditures EXCESS OR (DEFICIENCY) OF REVENUE OVER EXPENDITURES Unappropriated Surplus - July 1 UNAPPROPRIATED SURPLUS - JUNE 30 GENERAL FUND REVENUES & EXPENDITURE 12 MONTHS ENDED JUKE 30, 1978 1977 ACTUAL OVER ACTUAL, (SEE (UNDER) PRIOR BUDGET NOTE) BUDGET YEAR $ i6,o5o $ 13,851 $( 2,199) $ 14,091 6,775 8,769 1,994 22,85o 76,5oo 2,206 (74,294) -o- 99,325 24,826 (74,499) 36,941 138,56o 52,654 (85,9°6) 54,765 17,95o 17,5o2 ( 448) 2o,o94 183,32o 183,32o - 131,222 2o1,270 200,822 ( 448) 151,316 1,o11,883 917,345 (94,538) 667 998 (99,347) 36,619 135,966 82,567 231,050 231,050 - 148,483 $131,703 $267,669 $135,966 $231,050 Page 4 of 4 CITY OF MOAB GRAND COUNTY, UTAH EXPENDITURES, Cont'd Swimming Pool. Personal Services Materials, Supplies & Services Capital Outlays Total Swimming Pool Total Parks & Recreation MISCELLANEOUS Contributions Contribution. to Other Funds Total Miscellaneous Total Expenditures EXCESS OR (DEFICIENCY) OF REVENUE OVER EXPENDITURES Unappropriated Surplus - July 1 UNAPPROPRIATED SURPLUS - JUNE 30 ACTUAL OVER ( SEE (UNDER) BUDGET NOTE) BUDGET GENERAL FUND REVENUES & EXPENDITURE 12 MONTHS ENDED JUNE 30, 1978 1977 ACTUAL PRIOR YEAR $ 16,o5o s 13,851 $( 2,199) $ 14,o91 6,775 8,769 1,994 22,85o 76,5oo 2,2o6 (74,294) --o-- 99,325 24,826 (74,499) 36,941 138,560 52,654 (85,906) 54,765 17,950 17,502 ( 448) 2o,o94 183,32o 183,32o - 131,222 201,270 200,822 ( 448) 151,316 1,a11,883 917,345 (94,538) 667 998 (99,347) 36,619 135,966 82,567 231,o5o 231,o5o -- 148,483 $131,7o3 $267,669 435,966 $231,o5o i Page 1 of 4 CITY OF MOAB ANALYSIS OF BUDGET YEAR ENDED JUKE 30, 1978 ADOPTED ADJUS'1'ED ADJUSTED FINAL BUDGET BY PUBLIC BY BUDGET 7/1/77 HEARING RESOLUTION 6/30/78 REVENUES Property Taxes $176,400 $176,400 Sales Taxes 2002000 200,000 Franchise Taxes 5,000 5,aoa License & Permits Gross Business Licenses 100,000 100,000 Other Business Licenses 7,500 7,500 Beer Licenses 2,750 2,750 Building & Construction Permits 7,500 7,500 Other Licenses & Permits 1,800 1,Soo Total Licenses & Permits 119,550 119,550 Intergovernmental Revenue Federal & State Grants 162,990 162,990 Class "C" Road Fund Allotment 14,193 14,193 Liquor Fund Allotment 9,050 9,050 Total Intergovernmental Revenue 186� 233 186,233 Charges For Services Special Services by City Departments 23,653 23,653 Refuse Collections 139,600 139,600 Swimming Pool 102000 10,000 Total Charges For Services 173,253 173,253 Fines, Forfeitures & Penalties 46,000 46,000 Revenue From The Use of Money & Property 6,000 6,000 Other Revenues Sales of Real or Personal Property Sundry 100 100 Total Other Revenues TOTAL REVENUES 100 100 912,536 $912,536 Page 2of4 CITY OF MOAB ANALYSIS OF BUDGET GRAND COUNTY, UTAH YEAR ENDED JUKE 30, 1978 ADOPTED ADJUSTED ADJUSTED FINAL BUDGET BY PUBLIC BY BUDGET 7/1/77 NEARING RESOLUTION 6/30/78 EXPENDITURES GENERAL GOVERNMENT Administrative Personal Services $ 44,798 $ 44,798 Materials, Supplies & Services 40,200 3,000 43,200 Other Charges 11,000 11,000 Capital Outlays 2T000 2,000 Total Administrative 97,998 3,000 100,998 Municipal Court Personal Services 36,213 36,213 Materials, Supplies & Services 4,210 4,210 Capital Outlays 700 700 Total Municipal Court 41,123 41,123 Elections Materials, Supplies & Services 2,000 2,000 Total Elections 2,000 2,000 Total General Government 141,121 3,000 144,121 PUBLIC SA_'ETY Police Department Personal Services 89,461 89,461 Materials, Supplies & Services 22,036 22,036 Capital Outlays 8,000 8,000 Total Police Department 119,497 119,E+97 Alcohol Enforcement Personal Services 15,787 15,787 Materials, Supplies & Services 3,889 3,889 Total Alcohol Enforcement 19,676 19,676 Inspection Department Personal Services 24,555 24,555 Materials, Supplies & Services 2,550 2,550 Capital Outlays 4,200 4,200 Total Inspection Department $ 31,305 $ 31,305 Page 3 of 4 CITY OF MOAB GRAND COUNTY, UTAH YEAR ENDED JUNE 30,1978 EXPENDITURES, Cont'd. Dog Pound Personal Services Materials, Supplies & Services Capital Outlays Total Dog Pound Total Public Safety PUBLIC WORKS ANALYSIS OF BUDGET ADOYLED ADJUSTED ADJUSTED FINAL BUDGET BY PUBLIC BY BUDGET 7/1/77 HEARING RESOLUTION 6/30/78 $ 13,o58 5,550 4 , 400 23,008 193,486 Street & Highway Department. (Including Class "C" Road Fund Personal Services 58,386 Materials, Supplies & Services 73,100 Capital Outlays 44,E+00 Total Street & Highway Department 175p886 Waste Collection Materials, Supplies & Services 160?560 Total Waste .Collection. 160, 560 Flood Control Materials, Supplies & Services 2,000 "Total Flood Control Total Public Works PARKS & RECREATION 2000 338,446 $ 13,058 5,550 4, 400 23,008 193,486 58,386 73,1oo 44 400_ 175,886 156,56o 156,560 2,000 2000. (4,000) 334�446 Parks Personal Services 11,920 11,920 Materials, Supplies 9,815 9,815 Capital Outlays 17,500 17,500 Total Parks $ 39,235 $ 39,235 i Page 4of4 CITY OF MOAB ANALYSIS OF BUDGET GRAND COUNTY, UTAH YEAR ENDED JUNE 30, 1978 ADOPTED ADJUSTED ADJUSTED FINAL BUDGET BY PUBLIC BY BUDGET 7/1/77 HEARING RESOLUTION 6/30/78 EXPENDITURES, Cont'd Swimming Pool Personal Services $ 16,050 $ 16,050 Materials, Supplies & Services 5,775 1,000 6,775 Capital Outlays 76,500 76,500 Total Swimming Pool 98,325 1,000 99,325 Total Parks & Recreation 137,560 1 000 138,560 MISCELLANEOUS Contributions 17,950 17,950 Contribution to Other Funds 183,320 183,320 Total Miscellaneous 201,270 201,270 Total Expenditures 1,011,883 12011,883 EXCESS OR (DEFICIENCY) OF REVENUE (99,347) (99,347) Unappropriated Surplus -'July 1 231,050 231,050 UNAPPROPRIA.LED SURPLUS - JUNE 30 $ 131,703 $ 131,703 CITY OF MOAB BOND REDEMPTION & INTEREST FUND GRAND COUNTY, UTAH REVENUES & EXPENDITURES REVENUES Transfers From Other Funds Interest Income Total Revenues 12 MONTHS ENDED JUNE 30, 1978 1977 ACTUAL OVER ACTUAL ( SEE (UNDER) PRIOR 'BUDGET NOTE BUDGET YEAR $ 48,320 $ 48,320 $ - $ 74,567 786 48,320 482320 75,353 EXPENDITURES Bond Agent Fees & Other 100 1,171 1,071 65 Matured Bonds 2`1/56 Series 5,000 5,000 5,000 1/1/59 Series -0- 25,000 1/1/62 Series 20,000 20,000 Matured Interest 2/1/56 Series 1,620 1,620 1,807 1/1/59 Series - 500 1/1/62 Series 21,600 21,600 22,000 Total Expenditures 48,320 4_ 91 1,071 54,372 EXCESS OR (DEFICIENCY) OF REVENUES OVER EXPENDITURES - ( 1,071) ( 1,071) 20,981 Unappropriated Surplus - Beginning of Fiscal Year 48 371 48,371 48,371 27,390 UNAPPROPRIATED SURPLUS - END OF FISCAL YEAR $ 48,371 $ 47,300 $ 47,300 48,371 9 Tg6T-6L61 snoTareA 000`00T$ 000`OE S +166T-6L6T snoTsreA 000`SSEs 000`5T $ 000`ELS$ 000 SZ $ 1661-62,61 snoTxm 000`0ES 000 0e Tg6T-62,61 snoTxBA $ 000`5 $ spuog Suzpusgs4no 2uTuTemai uo aq.uH gs@a@q- i 000`Oa$ 000`09E* °/17/g5* TL/T/9 TL/T/9 saz quauuanoxdmI relo 000`0LE 000`0T5 %1/T11* z9/1/T a9/T/T saT anua 000`865S spuog uoTgruSTTcto 1sxaua0 -re 00- 0 SS 0o0`05S %i* z9/T/T z9/1/1 2a-1 000`gtT $ 000`EET$ � °� j� 95 /T / 9 /T / ggz S saz uo-M:e2TTo,0 T-ex QOIH3d IMMAV gvnnmv gL6T `Og EMU aainivw QanSsI aanssi QHnSSI HIVE Enssl szTzTin,vw -anIcrosIno sEDuVHo HVEJ1 INIaaino DmIanvIsin0 ISZELLEI „ 10 aiva unssl c x�r�n `_xin00 Q� =alma sama III SEDMVHO a0 E'IlESHOS a7vow J0 I CITY OF MOAB GRAND COUNTY, UTAH , INCOME Water Sales Sewer Service Charge Interest Other Charges Total Incase EXPENSE Personal Services Material, Supplies & Service Subscriptions & Memberships Ordinances & Publications Travel Office Expense & Supplies Equipment Expense Building & Ground Expense Special Departmental. Supplies Rentals Professional & Technical Total Materials, Supplies & Services Other Charges Bad Debts Insurance & Surety Bonds Depreciation Interest on Bonds Revenue General Obligations Total Other Charges Total Expense NET INCOME Transfer (to) or from Reserve for Bond Retirement Net Credits to Earned Surplus Earned Surplus - Beginning of Period E.RNED SURPLUS -- END OF PERIOD PUBLIC UTILITY FUND INCOME & EXPENSE 12 MONTHS ENDED DUNE 30, 1978 AMOUNT °fo $2o3,872 92,968 4, 305 9,672 310� 817 108,433 100 270 1,510 5,127 2o, 647 31,503 3,550 1,370 8,o52 JUKE 3o, 1977 AMOUNT 65.59 $146,782 63.11 29.91 71,730 30.84 1.39 2,797 1.20 3.11 11,275 4.85 100.00 232,584 100.00 34.89 101,187 43.50 . o3 106 -. .o9 66 .49 1,822 .79 1.65 4,716 2.04 6.64 23,785 10.24 10.14 21,927 9.44 1.14 13,031 5.61 .44 2,010 .87 2.59 10,607 4.57 72,129 23.21 78,070 33.56 3 5,047 46,363 15,406 39 1.62 2,309 .99 14.92 39,742 17.09 4.96 16,023 6.89 22,500 9.69 66 819 21.50 80�613 34.66 247,381 79.6o 259,87o 111.72 63,436 20.E+0 (27,286) (11.721 ( 1,018) 62,418 381,455 )i)�3,873 ( 1,272) (28,558) 410,013 $381,455 11 CITY OF MOAB GRAND COUNTY, UTAH SOURCES OF FUNDS Net income for the ,year Items not Requiring Current Outlay of Funds; Depreciation Contributions in Aid to Construction Contributions Federal Revenue Sharing Water & Sewer Connection Fees Increase Long Term Debt Decrease in Working Capital TOTAL FUNDS AVAILABTA APPLICATION OF FUNDS Increase in Working Capital Additions to Plant & Equipment Payment of Long -Term Debt General Obligation Bonds Revenue Bonds Increase in Bond Retirement Decrease in Long Term Debt TOTAL FUNDS APPLIED ELEMENTS OF INCREASE OR (DECREASE) IN WORKING CAPITAL Cash Receivables Increase in Accrued Interest Receivable Accounts Payable Customer Deposits Increase in Bond Retirement Fund Matured Interest Payable NET CHANGE IN WORKING CAPITAL PUBLIC UTILITY FUND STATEMENT OF CHANGES IN FINANCIAL POSITION 12 MONTHS . ENDED JUNE 30, INCREASE 1978 1977-----TDECREASE) $ 63,436 46,363 100,000 22,503 19,950 - 0- - 0- $252,252 $169,071 57,163 $(27,286) $ 90,722 39,742 6,621 90,000 lo,000 30,917 ( 8,414) 21,999 ( 2,o49) CFO, 000 ( 4o, 000 ) 154 721 (154, 7211 $350,093 $(97,841) $ -0- $169,071 309,821 (252,658) 25,000 ( 25,000) 15,000 14,000 1,000 1,018 1,272 ( 254) 10,000 -0- 10,000 $252,252 $350,093 $( 97,841) $149,505 $(142,608) 3,059 8,703 1,007 ( 429) 1,330 ( 1,915) ( 2,012) ( 1,018) ( 1,272) 18,862 ( 18�862 $Z69,07 1 $(154,721) $292,113 ( 5,644) 1,007 ( 1,759) 254 37,724 s323,792 12 CITY OF MOAB GRAND C OUNI'Y , UTAH CASH BALANCE - JULY 1 (BEGINNING OF YEAR) Receipts Customers' Deposits - Net Contributions - Municipal Contributions - Federal Contributions - Other Loan Payable - Water Development Water & Sewer Service Charges Interest Sundry Revenues Total Receipts Total Cash Balance & Receipts Disbursements stem Improvements to Sewer & Water Sy Water Development Machinery & Equipment Office Furniture & Equipment Principal 1/1/62 Revenue Bond Series Principal 1/1/59 General Obligation Bond Principal on Water Development Note PUBLIC UTILITY FUND CASH RECEIPT'S & DISBURSEMENTS 12 MONTHS ENDED JUNE 30, 1978 1977 $ 13,977 456,585 1,915 2,013 loo,odo 9o,000 22,503 30,917 19,950 21,999 -0- 40,000 293,78o 209,770 3,298 2,797 9,672 1,275 451,118 408,771 465,095 565,356 39,338 117,058 2,289 161,584 15,538 30,638 -o- 542 22,862 14,000 11,0o0 25,Ooo 10,00o -0- lol,o27 348,822 Expense 108,433 101,187 Personal Services 7 1,700 9,E-00 15,E+06 8,309 5,3o9 7oo , Materials, Supplies & Services 7 Insurance & Surety Bonds Interest on Bonds - Revenue 161 Interest on Bonds -- General Obligation -0- 11, 500 Total Disbursements CASH BALANCE - JUNE 30 (END OF YEAR) 301,613 $163,482 551,379 $ 13,977 i3 Excess of Revenues Over Expenditures Fund Balance - July 1, 1977 FUND BALANCE - JUNE 30, 1978 CIS OF MOAB GRAND COUNTY, UTAH 12 MONTHS ( MEMO ONLY) TOTAL Excess of Cash Receipts Oven Disbursement $ 14,969 Add Increase in Accounts Receivable (net) _21 836 36,805 201,618 $�38,423 TRUST & AGENCY FUNDS FUND BALANCES ENDED JUNE 30, 1978 . LDERAL REVENUE SHARING FUND COLLECTOR ROAD FUND $(11,892) $ 26,861 21,836 9,944 26,861 167,174 34,444 $177,118 $ 61,305, 15 CITY OF MOAB TRUST & AGENCY FUND GRAND COUNTY, UTAH Cash Receipts & Disbursements 12 MONTHS ENDED DUNE 30, 1978 FEDERAL (MEMO REVENUE ONLY) SHARING COLLECTOR EMPLOYEE TOTAL FUND ROAD FUND BRNEFITS CASH BALANCE - JULY 1, 1977 494 688 $172,862 $ 15,736 $ 6,o90 Receipts Transfers From Other Govern- mental Units 49,782 14,753 18,708 16,321 Federal Revenue Sharing 96,732 96,732 Collector Road ,Fund 23,827 23,827 Earnings on Investments 25,824 6,087 3,034 16,703 Payroll, Deductions & Cont- ributions by Moab City, & City Employees 430,455 430,E+55_ Total Receipts 626,620 117,572 45,569 463,479 Total Cash Balance & Receipts 821,308 290,434 61,305 469,569 Disbursements Transfers to other Funds 54>414 35,Q29 - 19,385 Capital Outlays Street Improvements 37,292 37,292 Administration 1,533 1,533 Police Department 13,512 13,512 Parks 6,449 6,449 Inspection 4,086 4,086 Animal Control 4,210 4,210 Golf Course 2,500 2,500 Swimming Pool 1,531 1,531 Court 819 819 Water & Sewer 22,503 22,503 Payroll, Taxes, Employee Insurance, Retirement & Savings Deposits 415,685 - 415, 85 Total Disbursements 564 534 129,464 � w 435,070 CASH BALANCE - JUNE 30, 1978 $256,774 $1.60 970 s,61,305 $ 34,499 16 CITY OF MOAB SPECIAL ASSESSMENT FUND GRAND COUNTY, UTAH BALANCE SHEET TOTAL SPECIAL IMPROVE - DISTRICT DISTRICT MENT GUARANTEE #3 #4 FUND ASSETS Cash $ 25,351 $ 9,236 $(11,920) $ 28,035 Prepaid Interest 1,840 Special Assessments Receivable 11,215 11,215 -0- Notes Receivable 24,E+52 22,612 -0- -0- Due from Other Funds 23,135 23,135 -0- -0- Total Assets LIABILITIES, RESERVES, APPROPRIATIONS, AND FUND BALANCE $ 84,153 $ 56,823 $( 705) $ 28,035 Liabilities: Bonds Payable $100,000 $100,000 -0- -0- Total Liabilities 1002000 100,000 -0- -0- Reserve for Encumbrances -0- -0- -0- �-0- Appropriation for uncompleted improvement projects -0- -0- -0- -0- Fund Balance (15,847) (43,177) ( 705) 28,035 Total Liabilities, Reserves, Appropriations, and Fund Balance $ 84 153 $, 56,823 $( 705) $ 28,035 17 AIM CITY OF MOAB . GRAND COUNTY, UTAH Fund Balances, July 1, 1977 ADD, Interest & Penalties on Assessments Total Additions Total Fund Balance & Additions SPECIAL ASSESSMENT FUNDS ANALYSIS OF CHANGES IN FUND BALANCES FOR FISCAL YEAR ENDED JUNE 30, 1978 S YE CIAL IMPROVEMENT DISTRICT DISTRICT GUARANTEE TOTAL # 3 '# 4 FUND (10,927) $(38,962) $ -0- $ 28,035 3,444 3,444 -o- -o- 3,444 3,444 -o- -o- (7,483) (35,518) _ -o- 28,o35 DEDUCT Interest 8,143 7,495 648 -0- Bad Debts 221 164 57 -0- Total. Deductions 8,364 7,659 705 -0- Fund Balances, June 30, 1978 $(15,847) $(43,177) $ (705) $ 28,035 18 CITY OF MOAB SPECIAL ASSESSMENT FUND GRAND COUNTY, UTAH CASH RECEIPTS & DISBURSEMENTS Cash Balance - July 1, 1977 12 MONTHS ENDED JUNE 30, 1978 SPECIAL IMPROVE- MENT DISTRICT DISTRICT GUARANTEE TOTAL # 3 # 4 FUND $ 25,264 $ 4,047 $ (6,818) $ 28,o35 Receipts Special Assessments Citizens 11,875 b,2��} 5,631 General Fund 35,000 35,000 Property Taxes Interest & Penalties on Assessments 3,443 3,443 Total Receipts 50,318 ��+,687 5,631 -0- Total Cash Balance & Receipts 75,582 48734 (1;187) 28 035 Disbursements Bonds Redeemed 30,000 30,000 Interest 9,984 9,335 649 Assessment Property Improvements 10,028 10,028 Bad Debts 219 163 56 Total Disbursements 50,231 39,E+98 10,733 CASH BALANCE - JUNE 30, 1978 $ 25,351 $ 9,236 $(11,920 $ 28,035 19 CITY OF MOAB GRAND COUNTY, UTAH ASSETS Cash On Hand & In Banks Warrants Outstanding Net Cash Accounts & Notes Receivable Water & Sewer Special Assessments Other Notes Receivable Due From Other Funds Total Receivables Amounts to Be Provided For Future Fixed Assets Land Building & Structures Improvements Other Than Building & Structures Machinery & Equipment Automobiles & Trucks Office Furniture & Equipment Accumulated Depreciation Net Fixed Assets TOTAL ASSETS MEMORANDUM ONLY TOTAL $ 807,863 ( 52,793) 755,070 34,143 11,215 31,655 25,476 31,774 134 263 774 587 93,084 550,963 2,447,456 243,448 147,667 70,751 (655,312) 2,898,057 $4,561,977 GENERAL FUND $ 264,846 $ 25,351 SPECIAL ASSESSMENT FUNDS 264 846 25,351 3,178 1,024 8,639 11,215 24,452 23,135 12,841 58,802 $ 277,687 $ 84153 The accompanying letter & notes to Financial Statement are an integral, part of this report and should be read in conjunction herewith. BOND REDEMPTION & INTEREST FUND $ 47,300 47,300 $ 47,300 TRUST & AGENCY FUNDS $ 306,885 ( 52,798) 254 091 27,E-70 27,470 $ 281,561 PUBLIC UTILITY FUND $ 163,7482 163,E-82 34,143 1,007 35,150 71,207 359,320 2,316,712 85,435 22,518 38,255 (655,312) 2,238,135 $2,436,767 GENERAL FIXED ASSETS 21,877 191,643 130,744 158,013 125,149 32,496 65g,g22 $ 659,922 COMBINED BALANCE SHEETS ALL FUNDS - JUNE 30, 1978 GENERAL BONDED DEBT & INTEREST $ 774,587 $ 774,587 20 CITY OF MOAB GRAND COUNTY, UTAH LIABILITIES, RESERVES & SURPLUS MEMORANDUM S rE CIAL ONLY GENERAL ASSESSMENT TOTAL FUND FUNDS Liabilities Warrants Payable $ 2,111 $ 2,111 Accounts & Contracts Payable 3,156 Matured Interest Payable - Payroil faxes & Withholdings Payable 34,499 Due to Other Governmental Units 7,908 7,9o8 Due to Other Funds 8,639 Customer Deposits 24,788 Notes Payable 30,000 Bonds Payable 1,028,000 $ 100,000 Bond Interest Payable In Future Years 2011 587 Total Liabilities 1,340,688 1.0,019 100,000 Contributions Municipal Federal Other Total Contributions Reserve for Bond Retirement 997,998 288,170 27o 292 1,556,460 23,490 Surplus Invested in General Fixed Assets 659,922 Retained Earnings 443,873 Fund Balances (Deficit) 537,544 267,668 ( 15,847) Total Surplus a„641,339 267,668 ( 15,847) TOTAL LIABILITIES, RESERVES & SURPLUS $4,5612977 $ 277,687 $ 84,153 The accompanying letter & notes to Financial Statement are an integral part of this report and should be read in conjunction herewith. COMBINED BALANCE SHEETS ALL FUNDS - JUNE 30, 1978 Bpi GENERAL REDEMPTION TRUST & PUBLIC GENERAL BONDED & INTEREST AGENCY UTILITY FIXED DEBT & FUND FUNDS FUND ASSETS INTEREST $ 34,499 8,639 $ 3,156 24,788 30,000 355,000 43,138 412,944 997,998 288,170 27°,292 1,556,460 23 , 490 443,873 $ 659,922 $ 573,000 201,587 774v587 $ 47,300 238,423 47,300 238,423 �443,873 659,922 $ 47,300 $ 281,561 $2,436,767 $ 6591922 $ 774,587 CITY OF MOAB NOTES TO FINANCIAL STATEMENT GRAND COUNTY, UTAH Note 1 - BASIS OF ACCOUNTING - The accounting policies of the City of Moab conform to generally accepted accounting principles as applicable to Governmental Units. The General Fund and all other funds, except the Public Utility Fund, are on the modified cash basis of accounting applied on a basis consistent with prior years. Equipment and other Capital Outlay expenditures are simultaneously capitalized at cost in the General Fixed Asset group of accounts. Principal and interest on General Bonded Debt are recorded as expenditures in the Debt Service Fund. Simultaneously, the liability in the General Bonded Debt Fund is reduced, when paid. The Public Utility Fund is on a full accrual basis of accounting. Note 2 - BOND PAYMENTS - 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 shown 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 year. Note 3 - DUE TO OR FROM OTHER FUNDS - Some of the monies of the various funds are pooled into one large investment at higher interest rates and some of the amounts shown in these accounts indicate the amount due to or from the various funds for their proportionate share of these investments. The amount indicated in cash on hand and in banks is the proportionate share of cash investments held in the Trust and Agency Fund for greater investment interest except the Revenue Sharing Fund which has $5,970 in the checking account and $155,000 in Time Certificate of Deposits, and the Public Utility Fund which has a US Treasury Bill included at cost within its cash balance. All other funds of the City of Moab are pooled for greater benefit to the City. Note 4 - ENCUMBRANCES - The City of Moab does not have any material encumbrances for June 30, 1978 and as such does not include them with expenditures for_June 30, 1978. 22 CITY OF MOA B MOAB, UTAH STATISTICAL SECTION 23 CITY OF MOAB GRAND COUNTY, UTAH STATISTICAL SUMMARIES GENERAL FUND Revenue increased $203,399 or 27% for the fiscal year ending June 30, 1978 as follows: REVENUES Property Taxes Sales Taxes Franchise Taxes Licenses & Permits Fines, Forfeitures & Penalties Revenues From Use of Money & Property Intergovernmental. Revenue Charges for Services Other Revenue TOTAL REVENUES FISCAL YEAR ENDED JJNE 30, 1978 1977 $183,731 $152,818 256,o55 214,215 17,3o3 9,528 139,628 118,24o 47,141 46,835 14,163 8,887 121,453 8o,478 168,154 119,428 6,336 136 INCREASE (DECREASE) $ 30,913 41,84o 7,775 21,388 3o6 5,276 4o,975 48,726 6,200 $953,964 $750,565 $203,399 The 1% sales tax collected by the State increased 19.5% compared to an increase SALES TAX REVENUE (PERIOD FOR WHICH COLLECTED) Prior Calendar Year 2nd Quarter 3rd Quarter 4th Quarter Current Calendar Year 1st Quarter TOTAL of Utah for the year ended June 30, 1978 of 29.8% for the prior period. FISCAL YEAR ENDED JUNE 30, 1978 1977 INCREASE (DECREASE) $ b2,892 $ 51,4o1 $ 11,491 68,27o 54,759 13,511 82,o83 53,326 28,757 42,810 54,729 (11,919) $256,o55 $214,215 $ 41 ,84o 24 CITY OF MOAB GRAND COUNTY, UTAH GENERAL FUND, Cont'd. Expenditures increased 249,347 or 37% as follows; EXPENDITURES - DEPARTMENTAL Administrative Department Municipal Court Elections Police Department Alcohol Enforcement Inspection Department Dog Pound Street & Highways Waste Collection Flood Control Park Department Swimming Pool Contributions Transfer to Other Funds TOTAL EXPENDITURES EXPENDITURES - CLASSIFICATION Personal Services Materials, Supplies & Services Other Charges Capital outlays Transfers to Other Funds TOTAL GENERAL FUND EXPENDITURES STATISTICAL SUMARIES FISCAL YEAR ENDED JUNE 30, INCREASE 1978 1977 (DECREASE) $ 97097� $ 84,610 $ 13,487 38,498 36,4111 2,o87 1,511 - 1,511 128,632 loo,316 28,316 19,329 15,958 3,371 28,431 14,259 14,172 2o,921 15,589 5,332 168,789 87,517 81,272 158,557 1o6,8o9 51,748 1404 448 656 27,828 17,824 10,o04 24,826 36,941 (12,115) 17,502 2a,o94 ( 2,592) 183,320 131,222 52,o98 $917,345 $667,998 $249,347 $280,483 $242,679 345,838 251,186 27,598 26,518 80,106 16,393 183,320 131,222 $ 37,804 94,652 1,080 63,713 52,098 917,345 $6671 998 $249,347 25 CITY OF MOAB GRAND COUNTY, UT H STATISTICAL SUMMARIES SPECIAL ASSESSMENT FUNDS The Special Improvement Fund through June 30, 1978 has made expenditures of $301,824 for the benefit of the City of Moab - General Fund, of which $162,787 was the City's share of the Special Improvement Bond principal and $139,037 was in effect an open account, of which $23,135 remained unpaid at June 30, 1978. BOND REDEMPTION & INTEREST FOND When all Revenue Bond Requirements have been met, it is the policy of the City to transfer sufficient funds to pay Principal, Interest and Bond Agents fees of the 2/1/56 and 1/1/62 General Obligation Bond Series. At the present time, the trans- fers are not made until the end of the fiscal year when it can be determined that the Revenue Bond Requirements have been met. The transfer for the year ended June 30, 1978 was $48,320 of which $25,000 represented Bond Principal, $23,220 Bond Interest, and $100 for Bond Agent Fees. PUBLIC UTILITY FUND As of June 30, 1978, the Retirement Fund for the January 1, 1962 Revenue Bonds has no balance, the interest due July 1, 1978 having been advanced to the collection agent in June, 1978. The Reserve Fund has a balance of $23,490. As of June 30, 1978 and 1977, the Pablic Utility Fund accounts receivable aging is as follows: JUNE 30, 1978 JUNE 30, 1977 0 - 30 days $27,338 78.76 $23,169 78.70 30 - 6o days 6,237 17.97 6,259 20.14 60 - 90 days 712 2.05 197 .63 Over 90 days 423 1.22 165 .53 $34,710 loo.00 $29,790 1oo.00 26 CITY OF MOAB GRAND COUNTY, UTAH STATISTICAL SUMMARIES PUBLIC UTILITY FUND Cont'd For the 12 months ending June 30, 1978 and 1977, the water connections in use and gal- lons consumed were as follows: CONNECTIONS GALLONS CONSUMED IN THOUSANDS 1977 1976 INCREASE 1977 1976 INCREASE 1978 1-977 (DECREASE) 1978 1977 (DECREASE). July 1,421 1,329 92 55,256 53,500 1,756 August 1,422 1,358 64 39,536 41,384 ( 1,848) September 1,425 1,360 65 30,61.8 44,642 (14,024) October 1,416 1,363 53 28,400 29,717 ( 1,317) November 1,421 1,374 47 21,136 19,296 1,840 December 1,429 1,376 53 18,627 16,486 2,141 January 1,437 1,384 53 16,725 16,535 190 February 1,437 1,381 56 15,873 19,971 ( 4,098) March 1,444 1,370 74 15,993 17,371 ( 1,378) April 1,443 1,390 53 31,578 30,185 1,393 May 1,456 1,393 63 26,885 29,969 ( 3,084) June 1,456 . 1,406 50 482399 41,905 6,494 37,026 360,961 (11,935)- Water. consumption decreased 1,614 gallons from an average of 21,898 gallons per connection per month for the previous period, to 20,284 gallons for the current period. The income 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, INCREASE 1978 1977 (DECREASE) 142.17 $ 106.20 $ 35.97 64.83 51.90 12.93 0.5841 0.4066 0.1775 0.2664 0.1987 0.0677 Expenditures_ in similar categories for both the General Fund and the Public Utility Fund increased or (decreased) in the following categories: EXPENDITURES CLASSIFICATION Personal Services Materials, Supplies & Services Other Charges 12 MONTHS ENDED JUNE 30, 1978 1977 $388,916 $344,688 417,967 329,256 94,417 28,866 1977 INCREASE (DECREASE AMOUNT n:g 12.83 26.94 65,551 227.09 27 giT`6T$ 000`o£T$ £Lg`oST$ 000zoL£$ 000`0E3 69 000`T£ oo6 +i£6`T 000`6e ooL`z S1/T`£ 000`ga o0S`t/ +/T£ `ll 000 `Lz ooz `9 o+l+i`S 000`w oog`L WS `9 000`1E 0017'6 TaS`L ooa`£a e fi `g 000 `zz TL£`6 000`TZ Z�WOT 000`oa TLo`TT 000`6T LLg`TT 000`6T 599`�1 0ao`g £TO`2 000`5£ 6oi'eT oo0`LT oT6`£ 000`££ OTT`ffl 000`9T (042. ooa`z£ 691`+TT 000`ST �1,+1 `L S o0o `0£$ 901 5T$ 000 `ST$ ISHg714I L'1dIONIEd ISaIHIMI , =IO= TL/T/9 SKIES. 39/T/T MIMS Santos an aAau manivw OI SEDMO HOIAHHS Tg a man -aqua d0 000`oSS 000 ` 517 000 `517 000 ` 517 000 ` o4 000`0.4 000`01-T 000 `TT 000 `011 005`�T 0o0`5£ ao6`£T 000`S£ 00£`5T 00o`S£ oo9`9T 000`o£ o0g`LT o00`o£ o00`6T 0o0`o£ 009`6T 00040T 00Z`03 000`0T oog`oa 000`0z o09`TZ$ 00o`Oz$ , E.'IdIOKIUd z9/T/T szTaas Log `+i aoa`R� Sg5 000`gT oLT`T o0o`gT a£+l`T 000`L o�9`T $ 000`5 s ISHEHI iI., S.ZdIONDE 95/T/z szI7s Samoa moTivpiaro ZwamaB Taos 1/66T £66T a66T T66T 0661 6g6T gg6T Lg6T 9261 Sg6T ftg6T £g6T eg6T Tg6T og6T 62,61 gL6T o£ Inrn r =ma .ioriraX 1VDSIE x�n `ximnoo din gido++I dO MO xLialaw S3DHYH0 UOIAHRS S Q wun-omori dO alVIAD I1S gzg` z6+r`T 6S5`LL ttg9`9L Sto` og t�TS `LL o-iz `6L zo6`6L ToS`Tg gS6`LL TLz`6L z�S`og TL9`9L LL9 `gl, S99`6L Log`SIT o6£`9TT TSL`9TT TOT`9TT TVIos gzg`t?6e 65S`T 5+t9 `L t7TS `OT OWE' zo6`ST ToS`gT 56 `oz TLz`£z TL9`Lz LL9`6z Sgg`Ig Log`SE o6£`6g T5L`z-/ TOT `9-Fi 000 ` g6o `T$ Tao' 000`9L 000`iL o0o`gL 000`L9 000`99 000 `i9 000`£9 000`LS 000 `% 000`SS 000`6i/ 000`6f7 000 ` gtz 000`Og 000`LL 000 `t(L oo0`oL a is IONDold SHDUVHO EOIEUHS LEE GEMIEWOD t;66T £66T z66T T66T o66T 6g6T 996T Lg6T 986T Sg6T iTg6T €g6T z g6T T g6T og6T 6L6T $ gL6T Hyrax zvosia Hvin `=inoo amvEo EIJOW ZO XIIO CITY OF MOAB . GRAND COUNTY, UTAH Western Surety Co. Limit $10,000 Bond # 2302655 Western Surety Co. Limit $10,000 Bond #2258301 Lumbermen's Mutual Casualty Limit $180,000 Western Surety Co. Limit $10,000 Bond # 2247938 INSURANCE COVERAGE & SURETY BONDS IN FORCE JUNE 30, 1978 Administrator - Recorder Bond Premium $35.00 4/6/78 to 4/6/79 Asst. City Recorder Bond Premium $35.00 1/1/78 to 12/31/78 Co. Treasurers Bond Policy # 8S-293-613 Premium $221.00 5/23/78 - 5/23/81 Lumbermen's Mutual Insurance Co. Limit of Liability - $50,000 Total Limit - $750,000 Fidelity & Deposit Co. of Maryland Paymaster System Check Alteration Coverage Policy # 78P12845 Guarantee Insurance Co. Comprehensive General Liability B I $300,000/$300,000 P D $ 50,000/$ 50,000 Comprehensive Auto Liability B I $100,000/8300,000 P D $ 50,000 Personal Injury Liability P I $100,000/$300,000 Errors or Omissions Liability E 0 $ 50,000/S 50,000 PIP Endorsement - Coverage G-1 Utah Automobile No -Fault Insurance Act Deputy Treasurer's Bond Premium $4o.00 7/16/77 to 7/16/78 Public Employees Blanket Bond 1/2/77 - 1/2/80 Policy # 7S-284-815 Premium $119.00 City of Moab Officers Checkwriter Bond Limit S15,000 1/16/77 to 1/16/79 Annual Premium $12,200.00 1/1/78 to 1/1/79 Policy # GA 47694 Additional Coverage is contracted with each piece of equipment subsequently acquired 30