Audit Report - 1957-1957CITY ~+ ATW7TIC BEACH, FLfRIDA
AUDIT REPfRT
December 31, 1957
T~re;o. ,..,~ at~:,.x
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1565 Ai~Axii ULE VAPO
CIA(%Yx(>\Vll.lc: 1. ~'~1)x111A
i
Ts~oN ASD DIF.E6
C o ~ ~ CERTIiIEO iUBLIC ACCOUHTANTD
1!!! ATIANTIG BOVLEVARO
~ALKBpNYILLE ~/. FLORIpA
N. LYMTON TYBON. C.P.A. C1
1. MVMTER MEEK. Jp.. C P A Pabrnary ZSB 19JI
70 Tha 16yor aad Tors Cowc11
Tors of Atlaatic Desch, Plorida
Caatlanm:
N~ era subnittfng haiavith our report wvarfn8 the
To+rrE• financial tianaactioas Yor the yeas 1956. In comaction
rlth the report w rupaetfully anbaft LM Yo11ov1n8 wgQeaGd
action relatlva to the aceountinB and finaaeiai phseae of t*a
Tovae^ operatlont
1. Iaadlate Savsstsant of naplns Geaaral Pund
cash ie D. 8, Covaroaant Bolds.
2, C1oa1s8 out of the follortsg Puads since the
purposes for vblch they wra crated have baaa
aecasrylishadc
(a) ltaterwrks Conetructloa Fund.- Thasa
Ss ^ uah balanu of 837.86 !a thic fend
vhich atat M tsavafarrad to "Utility
Aevsmea Bond Fund".
(b) Salgir Paving Pwd.
(e) Cipratts tar pusd (Rauipta are nor
depoelbd to Water Baveaer Aeeomt),
3, Transfer of ratilnisB wpafd Nepaelal Saarall
Darrpne~' uwaerata to Canaal Puad cad closin8
flu apecfal tlmd,
4. Isveatigatios oZ possibility of ua1sD W local
boot a officLl depository toz Dtility Byetr
operating ra»owa ratter thaw tta pzoceduraa wt
r
Pate 2.
ttayas end Tom Ikumil
PoYsul~ 3S, 19l1
up Le eLo osi~etat Ytllitiao toad Oediamao.
cL~ la tDis rwld M speb a»ro soa+oeiaet~
oooootioai aad 9z~atieel.
~(4ltoat•ctluil~ sWeitbd.
POC PSs'o ~~
tL2! t!
1~
CITY OF ATLANTIC SBACH~ FL(RIDA
AUDTT pHP(RT
December 31, 1957
•
r,
T 1'tiOS .1\U MEEK
CEFTI FIEO PUtlLIC ACCOV NTANT$
ISBS ATLANTIC BOVLEVAND
Yva.oar~u.a T. Fwnnn
..o....~ ... ,..r. 14aYCh 12, 1958
So Tbs City Cowiastm
Ciq of Atlantic Deaob, Florida
Centlessa:
We have azaetnd the balance ehaeta of the
varfoua fnnda of the City of Atlantic Desch, Florida,
e of Oace~6ar 31, 1957, and the related atste~ente of
cash raceipta and espandidae for the yeas then ended.
Ous azaulnation vas wade fa accordance with generally
accaptad auditing ataadarde, and accordtngly included
ouch taeG of the ucountiog records and ouch other
auditing procedure ae w conaidszed necessary is the
eircumtancee.
8ffectiva Dacmbss 3, 1957, by adoption of
a aau Charter, tlu samlcipatity becaoe ]moon as the "City"
of Atlantic Beach. This we am of suvy other ehaoges
•ffectad thereby. Tarmimlogy la this rspoet rafarrfng
to "roan" is in accordance vitb the currant yaat'e budget
adopted prior to the above date.
In our opinion, sub~act to the accompanying
ccoseate, the attectud stetments pseaant fairly the
financial position of the City of Atlantic Beach, ylorida,
at Decembas 31, 1957, and the cash recaipta sad dia-
6ureeamots for the year rhea ended, !n conformity with
generally eccepud accamtiag pslnciple npplisd oa a
6eU coosieteat with prior ysate.
8eepectfully •uhaitted,
~ /,'_
C OMMBNTS
GBNBRAL POlB)
GEtBDtAI. PIEHD ASS8T5: The Ctty'a general Etned assets are noG reflected in
. Chia report ae the City has ea [ebl4ehed no Formal property fund.
ACCOORIS PAYABIS:. Accounts payable era not zaflecied w a~ of the General
Fund atatemeate (except the balance sheets), m they are mt cwaLd:red
enc,m~braacea agalast the current year's epproprlatiws bu[ are appropriated
in the succeeding year's budget.
OPERATIONS: The folloviag Le a ewdemed summary of General Fund crah
receipts and dieburaementa £or the years 1957 and 1956:
Percentage
Increase Of Increase
1957 1956 (DecreaseL (Decrease)
Cash Receivta•
Ad Valorem Texea $ 35,004.55 $ 32,438.62 $ 2,565.93 7.9 Z
Lleenaee 8,922.50 9,602.50 (680.00) (7.1)
PSnes b PorfeLtures 19,364.00 19,476.00 (114.00) (0.6)
Garbage Collactiw 11,520.89 10,263.57 1,257.32 12.2
Transfers Pram Water
Utilities Funds -
. Current Surplus * 12,991.34 w 22,304.19 (9,312.85) (41.8)
Trmafer From Cigarette
Tax Puad -0- 14,568.d7 (14,566.8?)
Other 12.511.13 11.755.82 755.31 6.4
Total Eeceiota $ 100,314.41 $ 120,411.57 y4 20,097^16) 1( 6.7) x
Cash Disbursemente•
Adainistretiw $ 21,195.80 S 16,315.76 $ 4,880.D4 29.9 Z
Police fi Public Safety 21,601.36 16,074.70 5,526.66 34.4
Fire Department 4,434.95 2,344.69 2,090.26 89.1
~ Sanitary Department 11,213.23 10,363.25 849.98 8.2
Tow Labor 14,309.97 13,360.44 929.53 6.9
public Works 9,048.55 12,393.46 (3,344.91) (27.0)
Capital Budget 21,931.98 e* 28,215.25 (6,283.27) (22.3)
Uaallorated Approprtatioa 3,475.43 7,910.01 (4,434.58) (56.0)
Other 1,99fi.08 1 996.E
Total Diabureemeata 107,211.27 $ 108,993.64 `1 762.E (1~6) x
* Transfers Pram Nater Utilities Fvada - Current Surp lus Adjusted From Cash
Baeia to Accrual Basis for Comparative Purposes.
a+ 1956 Capital Budget Disbursements were sot Budgeted as a Separate Item,
but are eo Shoxn Above for Comparative Purposes.
HHCQ4~lIIlpT1QLS: Tha follwing reeaatsendatiws are respectfully
auboiltted:
(1) Hetablis4 property recarda, identifying each
place of agvebla egolpsmt~ far control purposes.
(2) Create a property pond to cwtein all of the
General Fixed Assets.
CT3Y CP' ATLASTZC HBACH, PI[RIDA
G816BAI. FOIm
HALAH(7t 3}13ST
Dscamiwr 31. 1957
ASSETS
Casb an Hand and in Bank (Statement 2) S 26176.54
Sbaxe Acoounte in Pedarel 8evinge and
Laan Aeaociations 20058.33
Ta.tea Heosivable (Stat®ent 3) 12244.61
O~xoilectad Street Paving Asaesemnts
(Statment 3) 510.34
7ue Pram Boergency Seawall Fnad _ 2,495.81
Total Assets S 61,485.98
LLfBILLTl83
Accounts Payable $ 1,352.47
S05P3D3
Casb Surplus S 44,852.75
Onrealized Surplus 15.250.76
xot~l St¢plus (Statement 6) 60.103.51
Total Liabilities and Surolus S 6
STATP.HSHT 11
CITY OP ATLAHTIC BHACH~ FLORIDA
G¢.~RAL FUND
STATRlBIFT OF CASH SBC8IPT5 AHD DL900RSBH¢NT3
P Yeas 6_nded,Dacambai 31. 1957
Ceeh w Rand end Lw Bank at Jaauasv 1 1957
Add Geh~Receiv~d:
Budgeted 8evenue Receipts (Statement 4)
tlnbudge ted Receipts:
Interest Iacamn
Transfer from Hater Revenue Account ~-
prior Year Surplus
Transfer froo Rater Oparationey
Maintenance and Repair Pond:
Prior Year Sarplna
Current Surplus
Transfer from Special Seawall
¢mergency Fnnd
Total Caah Available
De t Caeb Disbursed:
Appropriation Expenditures (Statement S)
Deposited in Pederal Savings and Loan
Aeaociaiion
Cnsh on Band~nd la Bank at December 31 1957
* Includes darned Interest Credited to Account
$ 31153.42
$ 98,899.66
397.83
18,840.63
3,138.03
711.67
~_~ 30525 122.293.07
$ 153,446.49
$ 107211.27
* 20,058.33 127 2, 69.60
$ 26,176.89
STATEFf¢NT 2
CTTF OP ATLANTIC BSAC'il. PL(HIDA
CBNHItAL FUND
TAaas PacaroABLe
December 31. 1951
Year
Aeaeseed Amoanr _
1957 $ 9,775.50
1956 830.34
1955 443.25
1954 335.29
1952 49.82
1951 58.39
1950 cad Prior 654.67
Old Seawall Levy .~ ___97.35
Total $ 12.244.61
ONCOLLSCTSD STS6ET PAVItiG ASSSSSt~NTS
December 31p 1957
Yeer
Aeaeeeed ~ Amouat
1955 $ 197.84
1954 112.50
1952 150.00
1951 __,_ 50.00
Tout $ 510.34
STATBNEt7P 3
CLTY ~+ ATtANTIC BBACH, FLORIDA
~GRNIItAL POND
BEVHNSfH RHCBIYfS
PBTINATHD AND ACTDAL
For The .Year Hnded December 31. 1957
PercenCage
Hetlmated Realized Realised
CDRRHNT RBVHN06•
Ad Valorem Taxes - Current Year
Ad Valorem Tazea - Prior Yeat
Licenses
Pfnee and Porfeituree
Permits
Blaetrieal Prencbise
Garbage Collection
Street Paving Assessments
Neptune Beverage
Pemlties and Interest
Miecellawow Collectives
Tramfer frm Natez Revenue Acernmt
TraoeEer frm Wetez Works
Cone[ructlve Pond
Transfer from Onbudgeted Beeerve
for Capital 7mprwements
Selvn Natim Beverage
Total
$ 31,000.00 $ 25,933.07 83.7 ~
8,500.00 9,071.48 106.7
9,500.00 8,922.50 93.9
18,000.00 19,364.00 107.6
2,SOO.CO 2,694.1.0 107.8
3,500.00 4,554.96 126.5
10,500.00 11,520.89 109.7
2,000.00 1,726.30 86.3
-0- 1, 134.G9 -
250.00 654.59 261.8
500.00 653.41 130.7
14,398.80 12,279.G7 85.3
37.84 -0. -
9,433.36 -0- -
400.00 ~ 39000 97.5
S 110,620.00 $ 98,899.G6 89.4 76
STATENENS 4
CITY OP ATU1N'TIC BBACB, PLQIIDA
GSNBBAL POND
APPBOP@IATIONS AND SXPBPDITUBBS
Pot The Sear Ended December 31;,1957
Amdmt Caeh Percentage
Appropriated Bxoenditures Expended
ADISLBL4TRATIQi:
JOIMT WAT88 SYSTBm AND OPBBATIBG ACCODNIS :
Tow Manager $ 6,000.00 S 6,000.00 100.0 7,
Twn Clerk 4,200.00 4,200.00 100.0
Office Clerk 2,700.00 2,627.50 97.3
All Insurance 4,000.00 3,369.80 84.3
Office Supplies and Bzpenee 2,100.00 2,346.06 111.7
Tow Ball Bepeirs 500.00 253.84 50.8
sccarmy 600.00 600.00 loo.o
Audit 800.00 800.00 100.0
ToYa's Share O.A.S.I. and Operatlag
Costa 1,200.00 1,226.04 102.2
OE£ice Otilities 400.00 333.49 83.3
Extra Office Belp 200.00 102.25 51.0
Miscellaneous Bapensa 500.00 _, 997.70 199.6
Total - Joint Accoonc $ 23,200.00 $ 22,856.68 98.5
' Lees: Amount Chargeable co yater
Sgatea Budget
6,720.00
6,720.DO
100.0
Sub-Total $ 16.480.00 ,16,136.66 97.9
OTBEB OPERATING ACCOOIPPS:
Taz Aeaeseor $ 5,800.00 $ 4,587.83 79.1
Advertising 100.00 102.34 102.0
Mayar's Pund p_~_400.00 368.95 92.3
Total - Other Aceounte $ 6,300.00 ,~ 5,059.12 80.3
Bet - Admiaietretive -
_ General Fuad "~, 22.'!80.00 S 211195.80 93.0
STATEMENT S
CTTP OP ATLAHfIC BRACH, FLORIDA
r~awnai FOlID
APPHOPRIATIOi3 A~ BRPBNDTli@H9
Yor The Year Rnded Dacmber 31, 1957
Amsunt Caeh Percenta8e
~i rogtlated Bxoendituree Hxpended_
Tovn Harebell $ 4800.00 $ 4,800.00 100.0 x
Deputy Harebell (Part Tisr) 3565.00 3,562.50 99.9
Dapnty Harebell 3200.00 3,200.00 100.0
Police Daifprne 600.00 600.00 100.0
Police Supplies and EquL~eIIt 175.00 137.05 78.3
Traffic 9IQns 300.00 198.89 66.3
Lite Guards 1,100.00 1,066.56 97.0
Hed Cross Lifa Saving Corps. 100.00 100.00 100.0
Haintanance and Repair (Car and Radio) 2145.00 2~E,16.99 122.0
Gae and 011 2,500.00 2,467.03 98.6
Radio Sarvica 900.00 1,050.00 116.3
Police Jndge 300.00 300.00 100.0
Prieomr'e Heals and Police Phom 300.OD 364.90 121.6
Batra Deputy 250.00 20.00 8.0
' Hiscallaasous Expense 1.465.00 1,478.44 100.8
~ Total Joist Accowta $ 21700.00 $ 21,962.36 101.2
Lea: Aexgmt Chargeable [o Nater
Sys tea Budget 361.00 361.00 100.0
Net - Po1Lce and Public Safety -
Cenaral Fuad S 21.339.00 ~ 21.601.36 101.2
DEPAHTHHNT:
ChLef (Part Tfinej $ 650.00 S 650-00 100.0
Toole and Supplies 450.00 432.86 96.2
HeLnteaaace end 8epaira 350.00 327.10 93.4
Gae sad 011 245.00 211.01 86.0
Fire Station OtLlltiea 600.00 616.77 102.7
Night Pitman 2,055.00 2077.50 101.1
Miscellaneoue Hxpeaee 250.00 119.71 47.9
Ee[ - Fire Degerhaent - Gtuaral
Fund $ 4,600.00 S 4.434.95 96.4
S°.AT&~Nf S tContiauadl
CI1T OF ATLANTIC HBACH, FL03IDA
CBNRRAL FOND
AFPBOAt7ATI0HS AND BSFRHDTTORHS
Por The Year Hnded December 31, 1957
Amamt Cash Percentage
Apprppriatad Exoeadlturee Hxcended
Driver - Focamaa $ 3,000.00 $ 2,962.21 98.7 Z
Labor 5,300.00 4,905.45 92.5
Maintenance and Hapair 500.00 303.11 60.6
Gas and 011 700.00 759.68 108.5
Garbage Dlepoaal - Leadtill 1,100.00 1,145.87 104.1
Heptuae Sareraga -0- 1, IG8.26
Miscellemwa Bzpeaee 350.00 28.65 8.2
Hat - Ssnitar9 Dntnrt'ent -
Ge~ral fiord
$ 10,950.00
11 213.23
102.4
TOWN LABOR:
JOINT WATBB SISTB21 AHD OPERATIIPC ACCOUNTS:
Por®an $ 3,900.00 $ 3,887.50 99.6
Labor 16.200.00 15,102.47 93.2
Total -Joint Accamts $ 20,100.00 $ i8,989.97 94.4
i~ee: Amamt Chargeable to Water
System Hbdget 4,680.00 4.680.00 1J0.0
Het -Tam Labor - Geaenl P~md ~ 15.420.00 y"_ 14,309.97 92.8
FfIBLIC WOHES:
JOIt7f WATER 9YST8M AHD OPERATING ACCOOHTS:
67 .
Toole and Supplies $ 500.00 $ 337.36 67.5
Malntnnanee and Repairs 500.00 1,350.30 270.0
Gaa and 011 ~ iZP00~00 ~__~554.87, 129.6
Total -Joint Accouote $ 2,200.00 $ 3,242.53 147.3
Lose: Aa~ouat Chargeable to Natar
3ya tom Budget 440.00 ~~ 440.00 100.00
Sub-Total ~ 1,760.00 ~. ?,802.53 159.2
STATEMCMf 5 (Continued)
CITY OP ATIANfIC B¢ACN, PLOR7DA
C¢NERAL FUND
APPROPRIATIQiS AND B¢PBNDITDPBS
Poz The Year Bnded December 31, 1957
Amount Cash Pezcentage
Anwroorlated Bxceaditures ¢xcended
F96i1' YO¢¢S: ~tlnued)
0~7HLll OPHBATIliG ACCOU1rP5:
Street RapaLr Material S 1,000.00 S 666.24 66.6 L
Beach Barricade 50.00 90.73 181.5
Dralmge - 2,000.00 1,247.85 62.3
Seawall Straer-each and Steps 500.00 292.86 58.6
Grading Straeta 100.00 31.25 31.3
streets Cooatructed 3,331.00 3,331.18 100.0
Recreation B:{+ense 500.00 267.18 53.4
Parks Nalntemnce 6 Beautlflcatfon 250.00 71.06 28.4
Street Light Bulbs 200.00 ~0~ -
Miecellaceowa ¢xpenae 100.00 125.90 125.9
Teating ¢quipmeat - 3elva Narim
Beverage 50.00 51.62 103.2
¢lectric Curren[ - Salve Marina
Sevarage 50.00 39.51 79.0
Mfacallaneoua gxpenae - Selva Narlna
Beverage 300.00 30.64 30.6
Total Other Accounts S 6.231.00 S 6,246.02 75.9
Net - Public Rorke -
Gemral Pund S 9,991.00 S 9,048.55 90.6
CAPITAL BUDC¢T:
HOOIPH¢RI:
Adminie [ration - Office Equipment $ 1,150.00 S 1,590.86 138.3
Police Department - New Police Cer 1,400.00 2,692.79 192.3
Pire Departmea[ - New Nose, Noz2lee,
¢CC. 1,000.00 802.78 80.3
Public Norka Department - New Trucks,
B tc. 10,000.00 7,692.66 76.9
Total ¢auipment S 13,550.00 $ 12,779.09 94.3
Lase; Amount Chargeable to Na[eT System
Budget 2,710.00 _.._. 2,710.00 100.0
Nett ¢gui_picnt - Canerel Pend ~ 10,840.00 ~ l0,Ofi9.09 92.8
t
STATP.l6NT S (Coatisued)
cITY ~ ATIdNTIC aee®, FLORIDA
celalBA1. FuliD
APFgOPBL1TI017S AHD BIPR1AlTNHHS
For TLB Yeat Baded December 31, 1957
7
CAPITAL BB008T: {Cwtlnued)
CAPITAL BIPROV@gN1S:
Nev Street Llghts
Garage and S[orerocm
Prelluimry Sever Surve)
Sotal - Capital Ismrovesaats
Bet - Cavital Budtet - General
Ptmd
Baallouted Appiopriatfan
Amt Cesh Percentage
Aoprovrla[ed Hxpendlturee Bxcended
$ 1,000.00 S 1,223.80 122.4 Z
5,000.00 4,639.09 92.7
6,000.00 6,000.00 100.0
$ 121000.00 ~ 11,862.89 98.8
S 22,840.00 S 21,931.98 96.0
8 2,100.00 $ 3,475_43 128.7
GRABD TOTAL - (i!NHRAL YOBD AIQI
NATHg 8YST8N APPROPRIATIONS $ 125,531.00 $ 122,122.27 97.2
Lees: Amo~olta Chargeable to
Na[er SYateo APPropiiationa 14,911.00 14,911.00 100.0
GRAND TOTAL - lET - GBIIHAAI. POl0) $ 110.620.00 $ 107,211.27 96.9 Z
S'FpTHPO?NT 5 ~Cootinued)
CITY OP ATLAhTiC BSACB, PLQ3IDA
raavanr. F01~
STATB!ffiDiT OP CBAHCBS IN SDSY3JI5
Por The Year Bnded December 31. 1957
Balance at January 1. 1957 $ 65,665.31
Additiwe•
• Dobudgated gavemu. Aeuipta:
Interest Inccme $ 397.83
TYanafar fraa Hater OperatiOne tfalACenence
and Bepsir Fwtd - C:¢rent 8[aplua 711.67
Dneoilecwd 3957 Taz ievY 9,775.50
HSSCella[:ea:a AdSoshmnta of Prior Tau Levies 13.32 10,898.32
To_ tai $ 76,563.63
Deduetiooe•
gxcesa of Approptiation Bapandltures Over
Budgased 8rvsnua Beceipte:
Appropcieted g:pauditurne (HOa 1) $ 103,175.07
Leas Budgeted Yaveaan Beceiptn (Hole 2) 88,097.42
ueea $ 15,077.65
Accounts Payable at 12-31-57 1,382.47 __ Ibi 460.12
• Dale*^° at Deeembaz 31. 1957 $ 60,103.51
~ Hote 1. Aporooriativn Bapend Stvrea:
Pei SCaCeamnt 5 ;; 107,211.27
Lees Appropriation Bxpendlturea Bedocing
the follwing pzLor year payebles:
Arco®te Pa~eble $ 705.02
paving Contract 3,331.18 ~ 4,0=6.20
Appropriation gxpendi[urea Beducinu Sus,~lus ~ 103,175.07
Aote 2, Badtteted gaveaue BeceiDte:
• Per Statement 4 S 98,899.66
Less Budgeted Yevem:e Beceipta Bedu cing
the follwin6 prior yeas receivables:
Tezee Receivable $ 9,075.94
Street Paving Asaeesmente 1y726.30 1G,802.24
Budgeted Bevem:e P,eceiPte Inerea9lnA Susplua $ 88,097.42
STATIffffiNP 6
CTTY OP ATLANTIC BBACB, PI.tltIDA
SPHCTAL 98AGALL @DiRR69;NCY PUlID
BALAlpg S~gT
Decanber 31, 1957
ASSBTS
Aaeesrenta Dne pros Abetting Property grnere
(S tateneat 9) $ 2,227.04
Prods To Be Provided
To41 Assets
268.77
$ 2,495.81
LIAHILTTIBS
Due Cenral Fund
$ 22495^81
STATO~NT 7
C11T OP ATIJLLPlIC HBACH~ YI.ORIM
848C1AL SBAAAl]. C! PQND
STATBNSlTf OY CASH BBC81P18 AHO D73BOR86l92Nf5
Por The Year Bndad December 31, 1959
~p,~$,,,aat~~par91. 1957 $ None
Add Cash IIaceived:
Collaetlow ltnm Yioparg OaAar:
Assesamant $ 218.05
Iatereet 87.20 305.25
~ota1 Gsh AvallabU $ 305.25
Oemict Cosh Dlahuraed:
Traaa&r eo Oemral Yung
305.25
Cuh ao-BeAd ~,t~ecembsr .1957 8 Nova
STATaH@iL 8
CI1T CP ATLA9LIC BBACH, Fl.(RIDA
9PHCW. 8@9WALL BW6@GBBCY FOlID
B8EII7QD6BT 8@AWALL H1~BOBWCY ASSB39WSW15
D=crmbar 31. 1937
8andbaggtng
And
ProwreL Oress @LV-Happiffi Tie-Backe Total
Clifford A. Payne $ 180.60 $ 86.50 $ 267.30
Lally ]. Palot 180.80 86.50 267.30
elwar Weise 180.80 86.13 266.93
Dressy Sgnohc®b 73.83 334.54 410.39
P. M. Clarkson 150.83 33.60 184.45
Anne @. @odgara 30.80 268.90 299.70
@. s. Towne 150.83 33.60 184.43
Daughtry Tovere 150.85 22.40 173.23
Bay Willie 150.85 ___ _. 22.40 173.25
Total $ 1,232.43 $ 974.59 $ 2,227.04
a
STATBl4@17r 9
C O M M E N T S
WATER UTILITY FUNDS
ORDIHANCB R80U1RHNENTS; It appears that all of the requirements of
Ordinance Ho. 172, 9ecti® 17, covering the transfers of "ureter Uti7.ities"
Fuada have been fn1f111ed ae of December 31, 1957.
ACCOOHTS R8C8LVABLE: Accounts Receivable era not reflected in thin report
as water rental revenues are recorded on a cash basis.
.pI~D ASSBTS: Ho reserve for deprecLatioa on fixed assets of the Weser
IItility Panda is shown as the City has no established depreciation data. The
transfer from the Water Revenue Account Co the Water System Renewal and
Replacement Puad is based on a percentage of groan us ter revenues, and is not
a depreciation expe[tee amount based an established depreciation data.
OPBBATZOHS: The following is a coadeased summary of Wafer UtilLtiex: Operations
presented on a cash bas Le £or the years 1957 and 1956:
Percentage
Of
Increane increase
195? 1956 (Decreese;_ (Decresae)
0xratlwe Income:
Water Rentals $ 22,301.40 $ 24,252.76 $ (1,95..:6) (8.0) X
Cat-1a and Service
Charges 1,556.76 2,533.50 (976.:4) (38.5)
Total Oceratink Income ~ 23.858.16 $ 26,786.26 ~ 2 923.1.0) (10.9)
Oaeretin~ Expenses:
Indirect - To Ceaeral F~md $ 14,911.00 $ 12,000.(A $ 2, 91 i..E0 24.3
Direct _ 2,311.88 3'033.86 (72.'.__'8) (23.8)
Total Oceratinx Exoenaee $ 1L 222.88 $ 15,033.86 ~ 2, 189.ti2 Z4.6
Het Oceratinx Income $ 6.635.28 $ 1L 752.40 $ (5,117.12) (43.5)
Other IIICOaie
Cigarette Tax $ 13,773.56 $ 13,108.94 $ 664.62 5.1
Dtitity Tax 12.993.41 11,120.29 1,873.;.2 16.8
Total Other Tncaoie $ 26 766.97 $ 24,229,23 2 537.%4 10.5
3 ~ __
Other Exoenaea
Bond Interest ~ 8,011.20 $ 8,407.93 $ (396.73) (4.7)
Het Income $ 25,391.05 $ 27,573.70 $ (2,182.6 __17.9) X
Ne reepectfully submit the followLng recc~er datione;
(1) Record eater rental revenues on m accrual basia~
eo that accoimte receivable and actual revenues
can ba determined.
(2) Invest IItility Bavem~e Bond Pond cash not needed
for ciarent debt eetvice.
CITY OP ATLANTIC BEACH, FLQI IDA
ALL 'RiATER UTILITIES" FUNDS
SON47ARY OF OPERATIONS ON CASH RAS LS
Por The Yeer Ended December 31. 1957
OPERATING INC(ME:
Meter Rentals $ 22,301.40
Cut-In end Service Charges _ 1,556.76 $ 23,858.16
OPERATING EXPENSES:
Indirect Expenses - Paid to General
Fund for Adminia tration, Labor, Etc. $ 14,91.1.00
DLrect Expenses:
Repalra and Replacements 546.88
E lectr Lc Current 1,251.31
Chlorine 299.28
Insurance 209.56
Miecelleaeous __~-485 _ _17,222.88
Net O~eratinx Income $ 6,635.28
OFBER INCQ~:
CLgarette Taa $ 13,773.56
Dtility Tax 12y,993_41 26,766.97
Total $ 33,402.25
OTBEIt EXPENSES:
Bond Interest and Paying Agents Peea ~ 8,011.20
pet Inane $ 25,391.05
dnDDt DLSBURSFMENTS:
Nev Mains, Services and Heteze $ 2,?44.5;
Transfer to Ceneral Pund A~970_DO , _37 714.57
Net Decrease in Cash During Year S (12,323.52)
To[a1 Cash in Bank at January 1, 1957 351120.84
Total Caah in Bank at
December 31, 19:` $ 22 797.32
COMPOSITION OP TOTAL CASH IN BANK pT DECEMBER 31, 1957:
Wa[er Operations, Maintenance and Repair
Account (Statement 6-W) $ 65.45
Water System Renev+al end Replacement Fund
(S to Cement 9-W) 3,792.40
Dtilit Les Revenue Bond Fund 75 to tement 12-N) 1$,939.47
Total 5 22,797.32
STATEMEFf 1-W
CLTY OP ATLANTIC 8&1CN~ FLOB IDA
NATHB RSVSNl7E ACCdRiT
HALAHCB SBSST
Decmber 31, 1957
ASSETS
NORr°
LIABA.ITTES AND PD:m BALANCB
NONE
STATEtO?NT ~^iI
CITY OF ATLANTIC BHACH~ FLOH7DA
NATHt RHVENUH ACCOUNT
STATHFfgNT OF CASH RECHIPTS AND DLSBDR.SE!lENfS
Por The Year Hnded December 31, 1957
Cash Sn Bank at January 1, 1957
Add Cash Received:
Revenue Rxceipte {Statement 4-N)
Total Caeh Ava Liable
Deduct Caeh Diebureed:
ApproprlaiLon Bspenditurea
(Statement 4-N)
Traaefer to General. Fund - Prior
Surplus (dot Budgeted So
Current Year)
Transfer to Nester Sye tam Renewal and
Replacement pond - Balance of
Prior Year Allocation (Rot
Budgeted is Curreet Year)
Caeh Sn Bank at December 31. 1957
$ 20272.32
_. 50625.13
~_ 70189745
$ 50717.51
18840.63
1,33931 S 7Q 897.45
$ -0-
STATZMEKT 3-H
CITY OP ATLARTIC BBACR, FLORIDA
NATHR BEVBNUE ACCOONI
STATBl~NI OP RBVEROE RECEIPTS
Por The Year Hndad December 31,L,19.57
Percentage
Niglaea Wetez Regtnl
Bxceee Hater Rental
Cut-in Charges
Service Charges
Cigarette Tex
Dtility Tax
Transfer Pray Dnbudgeted Reserve
Por Capital 7sprovemeuta
Total
EaCimatad_ Realized Realized
$ 15,000.00 $ 15,498.00 103.3 X
9,600.00 5,803.40 75.6
1,050.00 1,53;..00 145.8
50.00 25.76 51.5
13,000.00 13,773.56 105.9
11,000.00 12,993.41 118.1
3,706.35 ~_~_0_v, -0-
~52_~806.35 $ SO 625,13 _ 95:7=X
APPROPRIATI095 At81 EXPB<lOITURES
Por The Year Ended Decea~bez 31, 1957
Cash Percentage
Apgrovrf.aclon Ex nditures Expended
Transfers [o Other Punda:
Otiitty Revenue Bond Pund;
Bond Principal
Interest - Current Year
Interest - Sinking Pund
Reserve Account
linter Sye rem Renevel and
Replacerten[ Pund
General Fund
Hater Operations, 2iafntemgce
and Repair Account
Total
$ 5,000.00 $ S, OOO.fA 100.0 X
7,880.28 B,Oli.20 101.7
2,565.92 2,52'.38 98.5
4,961.35 4,899.26 98.8
14,398.80 12,279,67 85.3
18,000.00 X000.00 L00.0
$ 52,806.35 $ 50,71.51 96.0 X
STATEHEHT 4-W
•~ CZ1Y OF ATL~Nf)L SSACH~ yftBIM
liAZBR OPBHATZW73, HA)NfBHANC6 AlN BEPAIR ACCWt1P
SAIANCS S~BT
• Deceshar 31, 195)
ASSBES
Cea4 in Atlantic llatioaal Dank (Statement bp) $ 65.45
~_=
LZABILITZSS
Accoaata Payable (Statement 7-I/) $ 6.i_45
^oTA?P1ffiNC 5-N
CT1R Od+ ATIAt7fIC SEACH~ FLQiIDA
NATBR OPEEATIONS~ MAINIEVANCE AFD HBPAIIt ACCOIINP
STATBMBiPf ~ CA3B EECEIPLS AND DISSURSEN8f7f5
Por The Year Ended December 31. 1957
Cash La Heat at Jaatwt9 1. 1957
Add Cash Eeceived
Transfer from Naur Eevenue Account
Current Year's Appropriation
Toul Cash Avallabla
Deduct Cash DLeburaed
Appropriation 6rpeadituree
(SUtemmt 7-V)
Tramfsrr. to General Lhmd:
YrLor Surplus
Current Surplus
Cash Ln Bent a[ December 31L 1957
$ 3,138.03
18,C40.00
$ 21138.03
$ 17,222.88
3138.03
711.67 ... 21,072.58
$ 65.45
sTals~xl 5-N5-N
CITI OP ATLANTIC P.BACH, FLORIDA
'~ NATP.R OPBRATION~ MAIIPi8NAi7CR AND REPAIR ACCOONT
STATBMBNL ~+ APPROPRIATIONS, BXP'dTIDITURBS
AND BNCIMffiRANCSS
' Por The Year Hnded December 31. 1957
Cash Accounts Percentage
APVroDrietioo 8xpendituree Pa able 8xvended
iadirect.Coat Trenaferred
To General Fwd
Administrative $ 6,720.00 $ 6,720.00 100.0 Z
Police b Public Safety 361.00 361.00 100.0
Labor 4,680.00 4680.00 100.0
Public Avrke 440.00 440.00 100.0
Capital Budget ~ 2,710.00 2,710.00 100.0
Total 8 14,911.00 $ 14,911.00 100.0
Direct Costa
Repairs and Replacements $ 1,000.00 $ 546.88 $ ..87 55.1
8lectric Current 1,500.00 1,251.31 61.56 87.5
Chlorine 250.00 299.28 119.7
Insurance 307.00 209.56 68,3
Niscellaneoue 32.00 4.85 ~ 15.1
Total 4i 3089.00 $ 2,311.88 Si___, 6_5.45 77.0
Grand Total $ 18,000.00 $ 17,222.88 $ 65.45 96.0 Z
STATBNBNT 7-N
CI1Y OP ATlANfIC BBACB~ FLOSIDA
MATBH SYSIffiY SSABIiAL AND &SpLACH-II?t7p Pt11CU
BALANCE SHEET
December 3L 1957
ASSHTS
Caeh in Atlantic Hatlaaal Bank (Statement 9-N) $ 3,742.40
PBND BALANCE
Pond Balance
$ 3,792.40
STA1Y2@HT 8-1i
C211C OP ATLANTIC BSACH~ FLORIDA
YATBR SYSTBN ASNBWAL ABD BBPLACBNSNT POND
STATBNBNf OB CASfl ABCBIPTS AND D7SBURS@iBNTS
Poi Tha Yeat BIIded December 31. 1957
Cash fa Sank at aanuary ~, 1957 $ 298,40
Add Cash Received
Tremfera Flom Water Ravewe Accotmt
(Star®ent 10-U) 6236.57
Total Caeh Available $ 6536.97
peduct Caeh Diab~aaed
Appzoprlation Bxpendiasee
(Statement 10-H) 2744.57
Ceeh is Bank at Decesbar 31,E 1957_ $ 3792.40
STATHiDINT 9-N
CTISf OF ATLANPTC BEACH, PL(RIDA
WATBB SYSTBH BRNENAL AlID RBPLAC62fENT FUND
REV&SH1E BEGRIPfS
For Tba Zear Bnded ~ecembar 31. 1957
Percentage
Eatimated Aeallze<.~, Realized
Transfers Pram Nater Revemle Account
SL of Grose Watei Ravemie
Balance Pzom Previous Years
Por Capital Improvement
Total
$ 1,255.00 $ 1,192.91 95.1 ;
1,538.65 1,339.31 87.0
3,706.35 3.70E.35 100.0
$ 6,500.00 $ 6,230.57 96.0 7.
APPROPRIATIONS AND SSPBNDTfURES
Por The Year Bnded December 31, 1957
Cash Percentage
A~pvtavrfation Exvenditrres amended
New Ma1as, Service and Meters $ 5,000.00 $ 2,744.57 54.8 X
7mprwemeats to Sye rem 1j,500.00 -0-~ -0-
Total 6 500.00 2 744.57 42.2 ~
~.~_ ~----L.~
STAT@tEAT 10-N
• CTCiC OP ATLASTLIC BF.ACB., FLfP.IDA
OTILITY REVEN08 BOND PUA'D
^ BAlAtiCE SBFET
Ilaceaber 31, 1957
ASSETS
Cuaent Assets:
p Cash in Atlantic Rational Baok
(Statement 12-W)
F:r_ed Asset^-^-_~- Naten+orlcs Spatec,
Wa teruvrks System Constructed since
May 1, 1955
Nev Mains, Service sad Meters Added
Total Aese [s
$ 78,S39.47
$ 7.30,962.16
7,667,82 236,629.98.
X257,569.45
L1ABriTT7B5 AND F[iND BAI.ANCS
LLab 121tias;
Current Liabilities:
Accrued Bond Iatercat Fapeble
`)tility Rwcnua ?endr; 1'a tug ink
Within One Year
Gther Liabilities:
Utility Revenue Eonds Maturing After
Ooe Year
7ota1 Linb Llitl.es
Pond iSa lance:
Fund flelance -Restricted
Total Liabilillen and Fund Balacce
$ 2,670.40
5000.00 $ 7,670.40
226, OW .00
$ 233,670.GG
23,899.05
$ 257,569.45
STATEIiENT 11-W
..
CITY OF ATTANTIC BEACH, PLOItIDA
OTILTIY BEVENUB BOND Pfilm
STAT~fHNNl' OP CASH RBCB IPTS Al1D DISBIBLS@~@NTS
For The Baer Bndad December 31. 1957
Caeh in Bank at January 1, 1957
Add Cash 6eceived:
Transfer from Water Hevem+e Account
for Current Sinking Puad
Requirements:
Ptln:ipal
ZOCCreBt
Reserve
To[al
Transfer from Wa[eruortu;
Construction Fuad
Total Cash Available
Oeab~ct Caeh Disbursed:
Interest and Paying Agent'e Fees
Caeh 1n Back at Lecember 31a 1957
$ S,.G00.00
8,017..20
2,527.38
15,538.58
$ 11,374.25
,_ 3%.64 _ 15,5.76.42
$ 26,950.67
_,8,011.20
$ 18,939.47
STATP.t4:fif 12-W
CI1R OF ATLANTIC BBACH~ PLQIIDA
NATERNQlRS CONSTRUCTICR7 PUND
• STATE!ffiNf OP CASE RBCHIPIS AND D7SBIU2SEl2+NfS
Por Tha Year Ended December 31, 1957
Cash Ln Benk at JamurP 1. 1957
Deduct Cash Disbursed:
37.84
Transfer to IItility Revenue Bond Pund 37.84
Cash in Bank et December 31. 1957 S °D'
STA1Et2'.NT 136N