HomeMy Public PortalAbout11/14/1953Minutes of Meeting of Town
Florida, held at the Town Hall
at 10 a.m.
Present: Commissioners: L. Se
S. B.
Wm.J.
Commission of Town of Gulf Stream,
on Saturday, November 1¢th,1953
ton Lindsay
Iglehart
Bauer
Mr. Lindsay read a letter from Himes & Himes, addressed to
him as Mayor, dated November 12,1953, recommending that the Town
of Gulf Stream, Florida, change its Fiscal Year to a September 30th yea:
ending. They further recommended that an audit of the Town's books
be made covering the period June 1,1953 to September 30,1953.
They also recommended a Separate Fund for a Water Distribution
Department to be incorporated in the Books of the Town. This fund to
be complete in having its own cash and other assets, liabilities and
surplus. The Budget of the Town to be confined to the general
operations of the Town and not to include the operations of the
Water Distribution Department. Another Budget to be prepared for the
Water Distribution Department.
They further recommended that the equitable method of creating
the Water Distribution Department as a separate Fund ofthe Town would
be to first determine the net profit of the Water System from its
beginning. This net profit together with the cost of the Water System
and its related allowance for depreciation and all other assets
pertaining to the Water System should be separated from the Assets
and Liabilities as they now appear on the Books.
After careful study and consideration the following Resolutions
were offered for adoption:
RESOLUTION NO. 1 : Be it Resolved that Fiscal year of the Town
of Gulf Stream bg set and fixed as ending September 30,1953, and on
September 30 of each year hereafter.
On motion duly made, seconded and unanimously carried, said
Resolution was adopted.
RESOLUTION No.2 : Be it Resolved that the Accountant Firm of
Himes & Himes be, and it is hereby authorized to make a further
audit of the Books and Records of the Town of Gulf Stream from
June 1,1953 to September 30,1953.
On motion duly made, seconded and unanimously carried, said
Resolution was adopted.
RESOLUTION No.3: Be it Resolved that a Separate Fund for a
Water Distribute on Department be set up, and the records of said
Water Department be kept within the Books of the Town; that the
Water Department Fund be complete with its own cash and other
assets, liabilities and surplus; That the Water Department set up
its own Budget so as to show Income and Expenses each year;
That the Fiscal Year of the Water Department end on September 30
of each year;
Minutes of Meeting of Town Commission of Town of Gulf Stream,
Florida, held at the Town Hall on Saturday, November 14th,1953
at 10 a.m.
page -2-
Be it Further Resolved, that the equitable method of creating
the Water Distribution Department as a Separate Fund of the Town
be first to determine the net profit of the Water Department from
its begginning. This net profit to- gether with the cost of the
'Mater Systemand its related allowance for depreciation and all other
assets per - taining to the Watef System should be separated from the
Sssets and Liabilities of the Town as the same now appear on the
Books and Records of the Town.
On motion duly made, seconded and unanimously carried, said Resol-
ution was adopted.
On motion duly made, seconded and unanimously carried, Toren Clerk
Bauer was instructed to havd two Q2) signs painted reading
"DISCARDING TRASH PROHIBITED" and have one attached to the Town Speed
Limit Sign at the North and South Entrance of the Town.
Commissioner S.B.Iglehart brought up the question of taking up with
the `own Planning Board the idea of holding a Town Meeting to discuss
the future developement of the Polo Fields.
The suggestion was unanimously concurred in and the Town Clerk
was instructed to ask the Town Planning Board to attend the December
meeting.
The Commissioners approved the payment of all bills by Check #1312
to #1441,inclusive.
There being no further business the meeting adjourned.
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