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Audit Report - 1978-1979CITY OF ATLANTIC BEAIX, FLORIDA AUDIT REPORT SEPTEMBER 30, 1979 TYSON. FANCHER AND WH(I'E. CPA.. P.A. CERTIFlCD PUBLlC ACCOUMANIS CITY OP ATLANTIC BEACH, FLORIDA INDE% TO AUDIT REPORT S EPT@iBER 30, 1979 Pa Re Accowtan ta' Letter 1 General Fund Financial Position 2 Changes in Pund Balances 3 Summary of Budgeted Receipts and Expenditures 4 Revenue - Estimated and Actual 5 Summary of Appropriations and Expenditures 6 Detail of Appropriations and Expenditures 7-10 General Bonded Debt Fwd Financial Positive 11 Receipts and Expenditures 12 Long-term Debt 13 Enterprise Fwds Water Pwd - Financial Poai [ton 14 Water Fwd - Operations 15 Water Pwd - Changes in Retained Earnings 16 Water Fwd - Long-term Deb[ 17 Seger Plant Fund - Financial Positive 18 Sever Plant Pund - Operations 19 Sever Plant Pwd - Changes in Retained Earnings 20 Sanitation Pwd - Financial Positive 21 Sanitation Fwd - Operations 22 Sanitation Pwd - Changes in Retained Earnings 23 Soeciel Revenue Fwds Storm Drains Project - Financial Position 24 Storm Drains Project - I}~anges in Pwd Balance 24 Storm Drains Project - Operations 25 Council on Aging Pwd - Financial Posi [1 on 26 Co wcil on Aging Pund - Operations 27 Coaimwi[y School - Financial Posi tlon 28 Coomwity School - Operations 29 Federal Revenue Sharing - Financial Posi[Loa 30 Federal Revenue Sharing - Changes in Fwd Balance 30 Federal Revenue Sharing - Operations 31 Trust and ARency Fwda Case Bond Escrow Fwd - Financial Position 32 Police Court Coat Pwd - Financial Position 33 Police Court Coat Pund ' Chan gea in Pwd Balance 33 TYSON. FANCHER AND WHITE. CPA,. F.A. ceunFlm Pueuc Accourrrnrm CITY OP ATLANTIC BEACH, FLORIDA INDER TO AUDIT REPORT SEPTEMBER 30, 1979 Employees Retirement System - F(nanci al Position 34 Employees Retirement System - Receipts and Disburse- ments ~ Employees Retirement System - Changes in Reserve Balances y, Employees Retirement System - Pensions Paid 31 Special Assessment Fund Special Assessment Pund - Financial Position 3g Notes to Financial Statements 39-42 Additional In Formation 43-44 TYSON. FANCHER AND WHITE. CPA., P.A. ceRnFlm ivauc nccourrrANls TYSON. FANCHER AND W!-IITE, CPAs, P.A. CERTIf7ED rfJRUC AccouNLwrs re„ orr~ ee. f of 1 w ca.mm, nwx. c..~ Yia Ne.emih Ave.. N. a. ,u, rwexea, ur, ce.a. Jo,kwovdk Be..h. Flo. )YJfO uMaw c.YartL Ct.a. %~uo< (9W) Yf6~ba 11 To the CS Cy Comminaion City of AClan[1c Beach, Florida We have examined the fiaancial statements of the various General Govemmen t, General Long-term Debt, aad En[erpriee Punde of the City of Atlantic Beach, Plorida, for the years ended September 30, 1979 and 1978, Ile tad in the foregoing "Index to Report". Our examination was made in accordance wl th generally accepted auditing standards and accordingly, included such tea to of the accounting records and other auditing proce- dures as fae considered necessary in the circumstances. The financial 6[ateaienta of [he Employees Retirement System, other Trust and Agency Punds, Special Revenue Punde and Special Assessment Fund ere also included in this report. TF.e City has maintained only memorandum records of its general fixed assets, and consequently, a statement of general fixed asse to required by generally accepted accounting principles is no[ included 1n the ata teaiente with this report. No depreciation information ie available for inclusion in [he Enter- prise Pund sta Cements except as reflected in the Sanitation Pund. Except for the effect, if material, of information set forth in the two preceding paragraphs, the financial stetemen to lie tad in the afore- mentioned "Index to Report" present fairly the finmcial poei tion of such funds, or the results of operations of such funds for the years then ended, in conformity with generally accepted accoun [ing principles applied on a consistent basis. November 30, 1979 CITY OP ATLANTIC BEAq(, FTARIDA GENERAL PIR7D STATEMENT OF FINANCIAL POSITION SEPTEMBER 30, 1979 AND 1978 SeD [ember 30, 1979 1978 RESOURCES Equity Sn Pooled Cash 493,748 530,778 Air Travel Deposit 425 -0- Miscellaneous Receivable -0- 44 Ad Valorem Taxes Receivable 188,977 197,933 Total Resources 683.1 2 5 LIABILITIES Accounts Payable 24,331 19,371 Accrued Salaries and Wages 16,050 14,749 Due to Other Punda -0- 27,203 Jordan Escrow Account 916 871 Total LSabilitiea 41,297 62,194 Fund Balance 64 853 666,561 Total Liabi litres and Pund Balance 6@3,y~ 728.7 2 See notes to financial statements. 2 TYSON, FANCHER AND WFlfl'E. CPA.. P.A. - CFRTIFlED PUBiJC ACCOUNIANIS CLTY OP ATLANTIC BEACH, PLORIDA GENERAL FUND STATEMENT OP CHANGES IN PUND BALANCES YEARS ENDED SEPTElQSER 30 1979 AND 1978 Balances at Beginning of Years Excess of Expenditures over Re ceip to (Page 4) HTite-off of Uncolle ctiD le Ad Valorem Taxee and Miscellaneous Receivables Increase in Deposlta Increase in Collectible Ad Valorem Taxee Igcrease in AccounCa Payable Igcrease in Accrued Salaries Do llat Rounding Unbudge red Inter-fund Traneac[ions Belancee at End of Years See gores to financial statements. 3 TYSON. FANCHER AND WHfi'E. CPA., P.A. CERTFIED PU841C ACCOUMANfS S 1979 1978 666,561 819,607 (28,131) (125,381) (12,275) (20,000) 425 -0- 3,275 7,687 (4,960) (5,480) (1,301) (929) (1) -0- 18.2ti0 B 943) 1.853 665~,5~] 3 ! fF.t HlM1ida+F~ri,+ ~.. S =.iWA1Ntlrykiw.. ,.:. .i:.a:aiiWV~si!iid^;. CITY OP ATLANTIC BEACH, FLORIDA 4 GENERAL FUND SUlDfARY OF BUDGHTED RECEIPTS AND EXPENDITURES YEARS ENDED SHPTE!®ER 30 1979 AND 1978 Receipts Hxpendit urea Excess of Exnendlturea Over Recei tie $ $ 1979 1978 Bud¢et Actual Actual LOq a"177 1,071,960 982,557 .079.9 46 1 '00.091 1,107.938 28.131 ~2 81 See notes to financial etatemen te. CITY OF ATLANTIC HEACN, FLORIDA GENERAL FUND STATEMENT OF REVENUErESTIMATED AND ACTUAL YEARS ENDED SEPTEMBER 30, 1979 AND 1978 $ $ 1979 1978 Estimated Actual Actual Revenue Receip te: State Revenue Sharing 85,000 99,882 94,771 Ad Valorem Taxes 175,003 177,271 163,775 Reflxld Additional Homestead Exeop [ion 3,000 4,335 2,891 Disability Exemption 142 -0- 134 Pines and Porfeituree 50,000 61,577 40,534 Permits 12,000 14,877 15,572 Electric Franchise - 112,000 143,220 126,394 County Distribution - Occupational Licenses 8,000 9,229 7,523 C1 [y Occupational Licenses 10,000 13,393 14,128 Penalties and Interest 2,000 2,225 1,823 Mlscel laneous Colle ctiona 2,500 11,299 5,104 Telephone Franchise 5,000 5,477 4,902 Radio Service, Neptune Beach 12,500 12,402 12,402 Lot Clearing and Condeamation 100 236 80 In Ceres[ on Temporary Cash Inveatmente 30,000 34,766 30,659 Transfer from Nater and Sever Revenues 384,341 444,6110 385,212 Police Reports 550 732 683 State Fuel Tax Rebate 2,500 3,208 2,846 ibbi le Home Licensee 1,350 11,465 2,317 Florida State Recreatimal Grant -0- -0- 32,395 Antirecession Fiscal AB Siatance ~ -0- -0- 8,515 Transfer from Pede ral Revenue Sharing -0- -0- 2,798 State of Florida for Police and Piremen 13,300 12,737 13,569 E.D.A. Reimbursement - Current -0- -0- 5,528 State Grants 8 950 8.949 -0- Total Revenue Re ceip to __y18.2 ~6 1"071.960 Qg2 ~j See nctea to financial etatemente. 5 TYSON, FANCHC•R AND WH(fE, CPAs. P.A. ffN77Fll!D 191flIJG Af.C(111MAKIS CITY OP ATLANTIC BEACH, FLORIDA GENERAI, FUND SUMMARIZED APPROPRIATIONS AND EXPENDITURES YEARS ENDED SEPTElBER 30 1979 AND 1978 Depar[men Cal Function Adminis [ration Public Safety Public Norka Sanitary Sever Suba Ldy Recreation Community School Subsidy Intra-Governmental Services Governmen Cal Financed Capital Improvement, City Contribu[Son Totals $ $ 1979 1978 Appropriations Expendi [urea Eupe ndl CUres 302,912 289,645 276,938 450,246 441,093 362,505 222,824 207,642 189,741 -0- 55,405 59,840 17,958 15,098 75,432 -0- 1,514 -0- 85,906 89,694 58,776 -0- -0- 84.706 1.079.846 1.100.091 1.107.938 6 See no tee to financial statements. 6 TYSON, FANCHER AND W-ill'E. CPA., P.A. CER7IFlED PUBUC ACCOUNTAN75 CITY OF A1'LAN17G BEACH, PIARIDA GENERAL FOND APPROPRIATIONS AND EXPENDITURES YEAR ENDED SEPTEMBER 30 1979 s S Appropriations Excenditurea Administration General Government Professional Feea ~ 64,380 64,380 Per Diem 3,000 1,341 Utility Services 6,750 6,586 Repairs and Maintenance 5,968 5,967 Maintenance Office Nachinee 7,904 4,885 Adverts sing 2,748 1,536 Election Expense 500 21 Office Supplies 12,260 11,643 Operating Supplies 1,500 1,013 Books and Publl cations 2,200 2,078 Schools and Training 976 900 Liability, Vehicle and Morkmen's Compensation Insurance 58,004 57,224 166,190 157,574 Lealelative Salaries -Executive 7,200 7,200 FICA 884 476 Per Diem 2,505 2,503 Plorida League of Cities - Travel 1,000 905 11,589 11,084 Executive Salaries 23,965 23,731 PICA 1,529 1,529 Pension 1,930 1,628 N 6 A Insurance 370 368 Per Diem 1,524 1 521 29,318 28,777 Finance Salaries 61,982 61,485 ~~ 4,010 4,009 Pension Contribution 10,805 8,542 H S A Insurance 4,905 4,903 Unemployment Compensation Insurance 2,300 278 Machinery and Equipment 2,300 3,707 Comm. Radio 703 703 Other Non-operating 3 610 3,600 90,615 87,2[7 See notes to financial statements. 7 TYSON. PANCHER AND WHITE. CPA.. 1'.A. CERTIFlED PUBLIC ACCOUNlANIS CITY OF ATLANTIC BEACH, P7ARIDA GENERAL FUND APPROPRIATIONS AND EXPENDITURES YEAR ENDED SEPTElBER 30 1979 S g Appropriations Expenditures Legal/Council Professional Services 5,200 ysgg3 Total Administration 302,912 289,645 Public Safety Lau Enforcement Salaries - Executive 18,729 18,728 Ealaries - Regular 156,332 156,222 Salaries - Clvl Tian and Part Time 60,525 60,525 Special Pay 5,200 5,130 PICA 15,765 17,307 Pension 42,825 33,817 N 6 A Insurance 7,455 7,161 Utility Services 6,406 6,406 Rent and Lease 953 953 Repairs and Maintenance 1,800 1,544 Radio Repair 1,384 1,384 Office Supplies 1,267 1,267 Operating Supplies 2,152 2,152 Supplies ~ 2,053 1,895 Autombile 5,311 5.312 Pire Con trot 328,157 319,803 Salaries - Executive 22,654 22,654 Salaries - Regular 42,585 42,5 R1 FICA 4,100 4,342 Pension 8,640 6,833 H 6 A Insurance 1,897 1,896 Utility Se rvi cea 2,822 1,858 Repalr9 and Maintenance 474 474 Radio Repair 480 441 Office Supplies 82G 824 Operating Supplies 1 431 , 1,430 SuPPLtee 2,930 2,882 Machinery and Equipment 2,066 3.925 90, 903 90 ,140 De ten tlon Jail Meals ~ 29 Street and Traffic LSghts Utility Service 31,156 31,121 Total Public Safe tv 450,246 441,093 See no tea to finencf al statements. 8 TYSON. FANCHER AND WHRE. CPA. P.A ceRnFlED PUBLIC AccouNrAflrs CITY OP ATLANTIf~ HEACR, PIARIDA GENERAL FUND APPROPRIATIONS AND EXPENDITURES YEAR ENDED SEPTBMBEA 30, 1979 $ $ ApDroDriationa Expenditures Public Works Roads and Stree to Salaries - Executive 17,885 17,884 Salaries - Regular 122,240 122,289 FLCA 8,660 9,211 Pension 21,375 16,884 R 6 p Insurance 5,248 5,249 Utility Service 2,300 2,291 Repairs and Maintenance 7,000 6,845 Building Maintenance 1,400 1,305 Operating Supplies 6,750 6,091 Toole and Supplies 3,800 3,734 Road Material 1,000 579 Street Maintenance 3,604 3,604 Street Signs 1,500 1,255 Books and Pub licatioae ~ 1,200 792 Machinery and Equipment 9,000 -0- Other 9l2 680 Sign Equipment 8,950 8.949 Total Public Works ~ 222,824 207,642 Recreation Parka and Recreation Utility Services 5,050 5,033 Repairs and Maln tenants 3,865 2,487 Operating Supplies 500 224 9,415 7,744 Other Recreation Salaries - Other 6,160 6,152 PICA 334 347 Office Supplies 2,049 855 8,543 7,354 Total Fecreation 17,958 15.098 See no tee to financial statements. 9 9 TYSON, FANCFIER AND WFILIF.. CPAs. P.A. CITY OP ATLANTIC BEACH, PLORIDA GENERAL PWD APPROPRIATIONS AND EXPENDITURES YEAR ENDED SEPTE!ffiER 30. 1979 In tra-Rovernmen tal Services Motor Transports Lion Gasoline Grease and 011 Porte Tires Shop Tools Other Payments on Computer Total Intro-QOVernmental Services Unbudxeted Expenditures Sanitary Sewer Service Subsidy Transfer to Comm~mity School Pund Totals S S AppropriaCions Expenditures 43,724 43,739 2,000 1,938 19,081 21,423 5,495 5,495 1606 1,606 71,906 74,201 14,000 15.493 85,906 89,694 -0- 55,405 -0- 1,514 -0- 56,919 1.079. R46 1.100.091 See notes to finan ciel statements. 10 10 TYSON, FANCHER AND WHffE. CPA.. P.A. CERIIFlED h/BLIC ACCOIMMNIS CITY OP ATLANTIC BEACH, FLORIDA GENERAL BONDED DEBT STA1Et~NT OF FINANCIAL POSITION SEPTENBER 30, 1979 AND 1978 1979 1978 RESOURCes - Hqulty in Pooled Caeh 40,376 30,571 Ad Valorem Taxes Receivable 63,401 65,097 Amount to be Provided by Future Ad Valorem Tax levies for Principal and Curren[ Ye ar'e Accrued Interest 462,586 495 958 Total Resources 5~.~62 , 62 LIABILITIES Accrued Interest Payable 6,363 6,626 Sonde Payable: 1971 Series 1958 Series 400,000 415,000 Total Liabilities 160,000 170,000 Ski 591.626 See notes to financial statements. 11 11 TYSON. FANCHER AND WHITE. CPA,. P.A. CER77FlED PU&JC ACCOUMANIS CITY OF ATLANTIC BEACH, FLORIDA GBNERAL BONDED DEBT RECEIPTS AND EXPENDITURES YEARS ENDED SEPTEMBER 30 1979 AND 1978 $ $ 1979 1978 Ee tlmated Ac[ua2 Ac[ua2 Beginning Equity in Pooled Caeh -0- ~1 21,677 Receiota Ad Valorem Taxes In terser Earned 58,100 65,097 59,263 -0- 2,564 2,904 58.200 67.661 62x167 Total Available 58,100 98,232 89,844 Expends [urea Band Principal: 1958 Series 1971 Series 10,000 10,000 10,000 15,000 15,000 15,000 Interest and Pees: 1958 Serlea 1971 Series 6,550 6,354 6,720 Ta tal Expendit urea 26.550 8. X00 26,502 57,856 27,553 5273 Ending Equity in Pooled Cash - 40.376 ~D,,~jj See notes to financial eta Cements. 12 12 TYSON. PANCHER AND WHITE, CAA,, P.A. c~ImFlm Puauc Acrcxnrrnr+rs CITY OP ATLANTIC BEACH, FiARIDA GENERAL BONDED DEBT STATEMENT OF LONG-TERN DEBT AS OF SEPTEMBER 30, 1979 Year of Naturit 1980 1981 1982 1983 1984 1985 1985 1987 1988 1989 1990 1991 1992 1993 1994 1995 Total Principal Interest Rates Total Interest to Accrue Over Remaining Life of Debt Original Amoun[e Assets Pledged - S Princip al Amounts General General Obligation Obligation Sewer Bonds Sever Bonds Iea ued 7/1/71 Ias ued 4/1/58 16,000 15,000 17,000 15,000 18,000 15,000 20,000 15,000 20,000 20,000 20,000 20,000 22,000 20,000 25,000 20,000 25,000 20,000 25,000 -0- 25,000 -0- 30,000 -0- 30,000 -0- 30,000 -0- 40,D00 -0- 37.000 -0- 400.000 1~0 000 5.75 3.8 [0 3.9 ~-3-3~- fib 22.2Q 500.000 ~~DOD Ad Valorem Ad Valorem Taz - All Tax - All Assessed Assessed Property Property See notes to financial eta temente. 13 13 TYSON. FANCHEI2 AND WHfIE. CPA,, P.A. CERTIFlFD PUBIIC ACCQUNTANIS CITY OP ATLANTIC BEACH, FLORIDA HATER FLND STATEMENT OF FINANCIAL POSITION SEPTEMBER 30. 1979 AND 1978 Equity in Pooled Cash Rea Cric [ed Caeh Punde Uncollected Water Ae aesamen to Water Sye tem Aeae to - at cost Total 1479 S 1978 RESOURCES 73,205 170,464 27,783 27,640 937 1,093 1.335,086 1,328,860 1~4.1Z~. 28.057 LIABILITIES, CONTRIBUTED CAPITAL, AHD RETAINED EARNINGS Current Liabilities Accrued Salaries 730 Accoun to Payable 2,074 Cua comer Deposi to 9,524 UCill[y Revenue Bonda Payable - Due in One Year 12,000 24,326 Long-term Liabl li ties i U[l li ty Revenue Honds Payable - Due After Oue Year 40,000 Total Liab ilitiea 64,326 Contributed Capital Wafer System Improvemen [s funded by Local Public Worka Probe ct 705,662 Retained Earnines (Pate 16) 667,023 Total 1 437 0~ 614 1,030 4,930 12.000 18,574 52,000 70,574 705,662 751,821 1.528.057 14 See notes to finsacial eta[emenCa. 14 TYSON. FANCHER AND WHffE. CPA.. P.A. CFR77FlED PUBIJC ACCOUM'ANIS CITY OF ATLANTIC BEACH, FLORIDA 15 WATER FUND STAIEMENT OF OPERATIONS YEARS ENDED SEPTEMBER 30, 1979 AND 1978 S 1979 -~~ 1978 Estimated Actual Actual Operating Revenues , Ninimum Water 65,000 66,355 63,908 Excess Water 32,500 30,562 30,763 Cut-in Charges 6,000 9,037 7,135 Service Charges 1,000 677 988 Connection Charges 12,000 16,063 26,120 Late Charges 2,000 4,294 2,569 Interest Earnings 9,000 15,338 10,686 Total Revenues 127,500 142,326 142,169 Oceratine Cos [s Personnel - Salaries 21,130 21,704 19,887 Employee Benefits 5,166 4,732 4,364 Repair and Replacemen [s 5,000 3,487 4,635 Tank Naintenance 500 227 441 Utilities 15,000 20,646 14,914 C}iendcals 3,000 3,293 3,686 Mla ce llaneous 3,000 715 -0- Building Maintenance 2,000 162 809 Interest expense and Pees 2 060 2,054 2,457 Total Operating Costs 56 856 57,040 51,193 Opera ting Profit 70,644 85,286 90,976 Non-Revenue Receipts - Pledged as Addltional Collateral for Debt ServSce Cl gars tte Tax 174,941 183,594 184,751 Uti 11ty Tax 30,000 45,395 74,500 Total Non-Revenue Receipts 204,941 228,989 259,251 Net Profit Aval lable for Debt Service, Capital Improvemen to and Transfer [o General Fund 275.565 13 4,275 350.227 See notes to financial statements. 15 TYSON, FANCHER AND WH~1'E. CPA.. 1'.A. cEgnPim rnreuc Accourrrnr+r:s CITY OP ATLANTIC BEACH, FLORIDA WATER FUND CHANCES IN RETAINED EARNINGS YEARS ENDED SEPTElBER 30, 1979 AND 1978 Balance - September 30, 1977 Operatlon of System (Page ]5) Expenditure of Reetri tied Funds Change in Debt Service Require- opnta Transfer to Cene ral Fund Adjustment due ro Conversion to Enterprise Fund Accounting Balance - September 30, 1978 Operation of System (Page 15) Expenditure of Restricted Funds Change in Debt Service Require- men[s Transfer to General Fund Balance - September 30, 1979 $ $ Total Unrestricted 721,682 694,219 350,227 324,107 -0- 7,289 -0- (177) (306,871) (306,871) 13 217) 13 217) 751,821 705,350 314,275 298,212 -0- 6,262 -0- (143) 399 073) (399,073) 667, p23 610"608 See notes to financial etatementa. 16 TYSON. FANCHER AND WHITE, CPA., P.A. CERTIFlED PUa11C ACCOUMANIS Rea [ri cted for Dabt Renewal and Servl ce Replacement 27,463 -0- -0- 26,120 -0- (7,289) 177 -0- -a -o- -a -0- 27,640 18,831 -0- 16,063 -0- (6,262) 143 -0- -0- -0- ZZ.Zfl1 28.632 16 CITY OP ATLANTIC BEACH, PIARIDA 17 WATER~FUND STATElO!NT OF LANG-1ERM DEBT SEPTEMBER 30, 1979 Year of Ma[uri [y 1980 1981 1982 1983 Interest Ra [ea Total Interest to Accrue over Renaining 13 fe Original Amount Pledged Asse to See notes to flnanclal atatemcn ta. 17 $ Utility Revenue Bonds Issued 3/1/55 12,000 13,000 13,000 14000 2 000 3•SX $-3,J~ $2 0 000 Water Revenue CLgare [te Tax Utility Tax TYSON, FANCHER AND WHITE. CPA. P.A. CITY OP ATLANTIC BEAa{, FLORIDA SEVER PLANT POND STA1El~Nf OF PINANCIAL POSITION SEPTEPIDER 30. 1979 AND 1978 1979 1978 RESOURCES Equity in Pooled Cash ~ 171,240 168,392 Uncollected Sever Asaeesmente 11,218 12,311 Note Receivable - Pecan Grove 6,255 6,255 Less - Es [imated Uncollectible Amounts (6,255) (6,255) Sever Construction Cos to 1,241,379 1,241,379 Total 1.423.837 1.422.082 LIABILITIES, CONTRIBUTED CAPITAL AND RETAINED EARNINGS Liabllitiee Accrued Salaries 3,829 1,170 Acca ante Payable 4,143 3,485 Certificate of Lndeb [edneae 16.839 24 524 Total Liabi11t1ea 24,811 29,179 Contributed Caoital Sanitary Sever Sya rem Improvements funded by Local Public Norka Pro3 ec[ 97,065 97,065 , Retained Earnings (Page 20) 1,301,961 1,295.838 Total 1.423.837 1.422.082 See no [ee to financial atatemen te. 18 18 TYSON. FANCHER AND WHrPE. CPA.. P.A. cERnrlm Pueuc Accourrrntrrs CITY OF ATLANTIC BEACH, PIDRIDA SEWER PLANT FLND STATEMENT OP OPERATIONS FISCAL YEARS ENDED SEPTEMBER 30 1979 AND 1978 Ope rat inR Revenues Sewer Service Charges Sewer Connection Charges E.P.A. Reimbursement Interest Earnings Tot el Revenues ~e rating Expenses Personnel - Salaries Employee Benefits Other Costs Repair and Replacemen to Plant Maintenance Utili ties Chlorine and Chemicals Toole and Supplies Total Opera [inR Exile sea Operatin¢ Profit aval lable for CaDit al Imp rovemen to and Transfer to General Fund 1979 Estimated Actual 1978 Actual 110 ,000 110 , 39 3 108, 453 30,000 48,757 81,949 -0- -0- 28,198 10,000 7,565 9.185 150,000 166,715 227,785 41,405 47,501 37,984 10,505 9,881 8,539 21,000 111 -0- 5,500 4,185 4,556 4,500 1,017 2,963 40,000 44,716 40,986 6,500 6,815 6,929 1,500 758 807 130,910 114,984 102,764 19.090 51.731 21 5.021 See notes to financial statements. 19 19 TYSON. PANCHER AND WHfPE, CPA., P.A. cERnflPn Pusuc Accourrrnrrrs CITY OF ATLANTIC HEACH, FIARIDA SEWER PLANT PIND CHANGES IN RETAINED EARNINGS YEARS ENDED SEPTEMBER 30 1979 AND 1978 Balance - September 30, 1977 Operating Profit (Page 19) Capi [al Improvements Transfer to General Pund Valuation Adjustment of Note Receivable Dollar Rounding Balance - September 30, 1978 Operating Profit (Page 19) Capital Improvements Transfer to General Pund Dollar Rounding Balance - September 30. 1979 20 Pestri cted $ $ for Capital Total Dnree tricted Improvements 1,255,411 1,223,836 31,575 125,021 43,072 81,949 -0- 266 (266) (78,341) (78,341) -0- (6,255) 2 1,295,836 51,731 -0- (45,607) ~) 1.301.961 (6,255) 2 1,182,580 2,974 _0_. (45,607) ~) 1.139.946 -0- -0- 113,258 48,757 -o- -o- -0- 162.015 See notes to financial s[atemen ta. 20 TYSON. FANCHER AND WHfI'E. CPA.. 1'.A. CPATIFIED PUBIJC ACCOUNfANiS CITY OF ATLANTIC BEACH, FLORIDA SANITATION PU7D STATENENT OF FINANCIAL POSITION SEPTEiffiER 30. 1919 AND 1978 S 1919 1978 ResouRCes Depreciable peseta Vehicles 125,981 125,981 Con talnere 23.265 22,315 149,246 148,296 Less Accumulated Lepre ciation (74,985) (64,015) Net Depreciable Asee to 74.261 84.281 LIAEILITIES ACID RETAINED EARNINGS Accrued Salaries 3,508 2,807 Accounts Payable 3.317 1,760 Total Liabilities 6,825 4,567 Re talned Earninge (Page 23) 67.436 79,714 Total Liabi litlea end Retained EerninRe ~ jj 84.281 See notes to financial statements. 21 21 TYSON, FANCHER A(JD WHffE, CPA. F.A. cegnr7m rueuc AccourrrA~rrs CITY OP ATLANTIC BEACH, FLORIDA SANITATION FUND STATEMENT OP OPERATIONS YEARS ENDED SEPTElOlER 30, 1979 AND 1978 ' S 1979 ~_ 1978 Estimated Actual Actual 0 ep~ratinR Revenues Collection Peee 95.000 94.026 93.778 Operating Coate Peze onnel - Salaries 98,645 101,408 88,8% Employee Benefits 25,175 22,294 21,114 Landfill Services 12,000 19,248 13,968 Operating Supplies 1,000 1,012 754 Hain tenants 1 2,506 -0- Depreciation of Equipment ___-0- 15,240 16.327 161,708 140,999 Operating Losa (67.682) i4~) ^.'t a.: 22 See notes to financial statements. 22 CITY OF ATLANTIC BEACH, FLORIDA 23 SANITATION FUND CHANGES IN RHTAINHD HARNINGS YEARS ENDED SEP1E!1BHR 30, 1979 AND 1978 Balance - Beginning of Year S 1979 1978 79,714 61,095 Contributed Capital - General Find 55 ;4Q4 59,840 Res ul to of Operations (Page 22) (67,682) (47,221) Balance - End of Year 67"4% 79.714 See notes to financial eta Cements. 23 TYSON, FANCHER AND WHITE. CPA., P.A. CFRTIFlFI) PUa1 X` ALCM MfANR ' CITY OF ATLANTIC BEACH, FLORIDA - STORM DRAINS PROJECT STATEI~NT OP FINANCIAL POSITION SEPTEMBER 30. 1979 AND 1978 S 1979 1478 RES OURCBS Cash on Nand -0- 31845 Total Resources NONP 3.845 FUND HALANC6 Fund Balance -a Total Fiord Balance NONE 3.845 CHANGES IN POND BALANCE YEARS eNDED SEPTEMBER 30. 1979 AND 1978 Balance -Beginning of Year 3,845 -0- Reaulta of Project Opera[lona (Page 25) (3,845) 3ig45 Balance End of Year -0- 3.845 24 Bee notes to financial statements. 24 TYSON, RANCHER AND WHfI'E. CPA.. P.A. CERT7FlFb PUBIJC ACCOUMAMS CITY OP ATLANTIC BEACH, FLORIDA STORM DRAINS PROJECT STATEMENT OP PROJECT OPERATIONS YEARS ENDED SEPTEMBER 30, 1979 AND 1978 Revenue Grant Proceeds - U.S. Department of Commerce Economic Development Administration Local Fwds - City of Atlantic Beach, Florida Total Revenue Expenses Construction Coats Professional Services Advertl sing Total Expenses Net Proiect Opera [ions See notes to financial etatemente. 25 1979 1918 20,900 20,900 _2_,249 1137p 2 3~ 149 3y 26,000 26,019 994 1,336 -a 70 26,994 27,425 S3=B5.f) ~4f 25 TYSnN. FAN('HER .ANfI WFlfl'F., f'FA.. pA, CITY OP ATLANTIC BEACN, PIARIDA 26 BEACHES COUNCIL ON AGII7G POND STATEMENT OP FINANCIAL POSITION SEPTEMBER 30. 1979 S RESOURC65 Equity Sn Pooled Cash ~ 710 FUND BALANCE Unexpended Gran[ Funde 71Q See notes to financial ste semen ta. 26 TYSON, FANCHER AND WH~IE. CPA., P.A. CER77FlED PUBIJC ACCOUNfAMS CITY OP ATLANTIC HEACH, FLORIDA BEACHES COUNCIL ON AGING FUND STATEMENT OF FUND OPERATIONS YEAR ENDED SEPTElBER 30. 1979 Revenue Gran[ Proceeds ' Interest on Temporary Inves [manta Expenditures Gasoline and 011 Repairs and Maintenance Unexpended Grant Proceeds See notes to financial eta [amen te. 27 27 .~_ 3,550 18 3, Sfi 8 2,236 622 2iR5R 710 TYSON. FANCHER AND WHITE. CPA.. P.A. CITY OF ATLANTIC BEACH, FLORIDA 2g COlMUNI'lY SI]IOOL FUND STATEI~NT OF FINANCIAL POSITION _ SEPTENBER 30, 1979 RESOURCP.S NONE FUND BALANCE See notes to financial statements. 28 TYSON. FANCHER AND WH11E, CPA. P.A. CERUFlCD PUeIlC ACCOUNTANTS CI1Y OF ATLANTIC BHACIi, FLORIDA COMMUNITY SCHOOL FUND STATEMHNT OP POND OPHRATIONS YEAR ENDED SEPTEMBHR 30, 1979 Ha timated Actual Revenue Tuition Fees 2,000 2,959 Transfer from General Fund -0- 1.514 2.000 4,473 Hxpendi[ures Ins traction Hxpene ea 4.613 4.473 Hxcess of Revenues over Hxpendi CUre~ -O- See notes to financial statements. 29 29 TYSON, FANCHER AND WY.IIB. CPAs P.A. ceanfleD Pueuc ACCOUrrrnrris CITY UP ATLANTIC BE.~..u, FLORIDA FEDERAL REVENUE SHARING FIND STATEt~NT OF FINANCIAL POSITION SEPTEMBER 30, 1979 AND 1978 _ $ 1979 1978 AES OURCES Caeh and Temporary Cash Inveetmeata 122,104 107,024 Due from General Pund -0- 18,260 12~-.1Q4 1~ POND BALANCB Fund Balance 2 p 21 S.ZB4 CHANGES IN FUND BALANCE YRARB ENDED SEPTBMBER 30. 1979 AND 1978 Beginning Balance Current Operations (Page 31) Ending Balance See notes [o financial atetements. 30 125,284 50,278 3 180) 75,006 21 2.104 125.284 TYSON. FANCHER AND WHITE, CPAs, I'.A. CER77FlED PUBLIC ACCOUM'ANIS . CITY OF ATLANTIC BEACH, FLORIDA FEDERAL REVENUE SHARING POND STATEl4'NT OF PUND OPERATIONS YEARS ENDED SEPTEMBER 30, 1979 AND 1978 Revenues: En[itlea~en to Received: En[i [lea~ent Period: VIII IX X Total En titlemen to Interest Earned Expendi turee• Current Expenses: Public Safety Cspi tal I temv Public Safety Parke and Recreation Streets and HSghvays General Government Excess (Deficit) of Revenue over Expenses 1979 Eatiaated Actual -0- 17,049 46s 758 62,345 63,807 -0- 6.981 62.345 7p~78g 1978 Actual 31 18,806 51,144 tR~i9} -0- 69,950 5.056 75006 26,900 26,900 20,000 21,191 20,000 1,054 9,020 3,336 21 500 21,487 97.420 73,968 -~- 13.180) 75.006 See notes to financial statements. 31 TYSON, RANCHER AND WHRE. CPA.. P.A. CERTIFIED PUBIJC ACCOUMANIS CITY Op ATLANTIC BEACH, PIARIDA 3p CASH BOND ESCRON FUND STATEt~NT OF FINANCIAL POSITION SEPTENBER 30. 1979 RESOU[t(ES Equity in Pooled Cash LIABILITIES AND FUND BALANCE Oute tending Bonds Posted P~md Balance See na tea to financial eta semen ta. 32 ~_ 17 18 ~_ TYSON, RANCHER AND WHIf'E, CPA., P.A. rrnnnrn ~xmur. Arrrxirrr~rm CITY OP ATLANTIC BEACd, PLORIDA POLICE COURT COST PUND FINANCIAL POSITION SEPTEMBER 30 1979 AND 1978 RESOURCes Equity in Pooled Caeh POND BALANCB Seo tember 30, 1979 1978 9.606 Lfl~ Rea tri cted Pund Balance 9.606 7.849 STATEMENT OP CHANGES IN FUND BALANCE YEARS ENDED SEPTEMBER 30 1979 AND 1978 September 30. Halaace at ee ginning of Ye axe Court Coat Collected Interest Earned Paymen to for Police Schools and Tralning Balance at End of Years 1979 1978 7,849 6,495 2,607 1,907 260 247 (J 1?0) 799) 606 7.850 33 See notes to flnancl al statements. 33 TYSON. FANCNER ANO WHffE. CPAs. F.A. CFATIFlED PUBLIC ACCOUMAMS Cl'1'Y OP ATLANTIC B$ACI{, FLORIDA EMPLOYERS RETIREMENT SYSTRM STATE!ffiNT OF FINANCIAL POSITION SEPTEMBER 30, 1979 AND 1978 September 30, RESOURCES 1979 1978 Equity in Pooled Cash ~ 122,001 58,132 New England L1fe Zne urance Company - Investment Contract 278,151 231,857 Due from Atlantic Beech, General Fund -0- 6,694 Total Resources y2 6.68 LIABILITIES ANO RESERVES Reserve For Employer Con[ributione (Page 36) 361,748 251,119 Reserve for Retired Benefit Payments (Page 36) 39,410 45,504 Total Liabilities end Reserves 00 2Q¢~6@3 34 See notes to financial statements. 34 TYSON, FANCHER AND WllrfE. CFA.. P.A. CERT{FlEO PUBLfC ACCOUNfANiS CITY OF ATLANTIC BEACH, FLORIDA EMPLOYEES RETIREMENT SYSTEM RECEIPTS AND DISBURSEMENTS YEARS ENDED SEPTEMBER 30. 1979 AND 1978 Septe mber 30, 1979 1978 Cash Balances at BeAlnnlnR of Years 58,132 1 Re celpte: Repayment of Amount Due from General Fund 6,694 -0- Contribution from City 74,237 59,004 Contribution from State of Florida 12,737 13,569 Interest Received or Credited 28,434 1401 Total Re ce ipta 122,102 911974 Diaburaemen [s: Payments to Re [i red Employees (page 37) 9,331 7,294 Adminie [ration Costa 2,602 1,750 Interest Credited by New England Life Insurance Company Remaining on Deposit 21,294 17,605 Amoun[ of Principal Deposited with Nev England Life 25,000 -0- Repayment of Advance from General Fund -0- 2236 To [al Dl abureemente 58,227 4~5 P~uity in Pooled Cash at End of Years 21 2.007 58.132 See no tea [o flnanclal statements. 35 35 TYSON, FANCHER AND WHfPE. CPA., P.A. CER77FlED f1181JC ACCOUNfAMS w CITY OF ATLANTIC BEACH, FLORIDA EMPIAYEES BETIREMENT SYSTEH STATEMENT OP CBANLES IN RESERVE BALANCES YEARS ENDED SEPTEFDIER 30, 1979 AND 1978 19 79 General Policemen Firemen Total 1978 General Policemen Firemen Total I. Reserve for Emo lover Contributions: Balances at Beginning of Year Additions: City Contribution State Contribution Transfers Due to Retiring Members Balance in Reserve for Lfidiatri- buted Investment Income. Balances a[ End of Year II. Reserve for Retired Benefit Payments: Balances at BegiiminR of Year Transfers Due to Retiring Members Retirement Payments Co Re tiran is and Beneficiaries Interest at S.Sx on !1?an Balance Balances at End of Year CII. Reserve for Ondistributed Investment Income: Balances at Be RinnlnR of Year - In[eres[ Received or Credited During Year Administrative Costs Interest Credited to Reserve for Retired Benefit Paymea is Interest Credited to Reserve for Employer Contributions Balances at End of Year 97,845 93,872 59,462 251,179 52,211 12,208 9,818 74,237 -0- 9,275 3,462 12,737 -0- -0- -0- -0- 46,072 68,694 42,057 156,823 46,450 10,801 8,447 65,698 -0- 8,365 5,204 13,569 -0- -0- -0- -0- 9,923 8,377 5,295 23,595 5,323 6 012 3,754 15,089 159.979 123.732 78.037 361,748 97.845 93.872 59.462 251,,122 45,504 -0- -0- 45,504 50,236 -0- -0- 50,236 -o- -o- -o- -o- -o- -0- -0- -o- (9,331) -0- -0- (9,331) 2,237 -0- -0- 2,237 38.410 -o- -o- 38.410 (7,294) -0- -0- (7,294) 2,562 -0- -0- 2,562 45.504 -0- -~ 45.504 -0- 28,434 (2,602) (2,237) (23,595) -0_ See notes [o financial statements. _ 36 TYSON. F~nCHER .4ND N411TE. ('P.4. PA. -0- 19,401 (1,750) (2 ,562 ) (15,089) -0- CITY OF ATLANTIC BEACH, FLORIDA EF~LOYEES RETIREMENT SYSTEM SCHEDULE OP PENSIONS PAID YEARS ENDED SEPTE1tBER 3011979 AND 1978 Year RzClred James Reya PY 1976 Dive rl Jackie DeLoach PY 1976 Emma Stephens PY 1977 R.C. Vogel FY 1978 Totals See notes to financial ete semen [s. 37 TYSON. FANCHER AND WH(1'E. CPA., P.A. CFRTIFIFD PURIiC ACCOUNIAHIS $ $ 1979 1978 1,382 1,382 1,611 1,611 2,265 2,265 4.073 2136 9. az1 234.4 37 CITY OF ATLAN I'iC BRACH, FLORIDA _ SPACIAL ASSESSM@7T FiR1D STATE!ffiNT OP FINANCIAL POSITION BEPTEHBER 30, 1979 AND 1978 S 1979 19)8 BESOURCBS Tree Removal Assessments 395 395 ivt Clearing Asses amens 419 419 Demolition Assessments X420 y4yO Total Receivables 2,234 2,234 leas Bs [imv [ed Bncollectlble Amounts (J 234) _O_ Net Resources _O_ 2.234 PIRiD BALANCR Balance - Beginning of Year 2,234 2,234 Valuation Reserve on Receivables ~ (2,234) _O_ Ne[ Fund Balance _0_ 2.234 Bee no tee to financial statements. 3B 38 TYSON, FANCHER AND WHRE, CPAs, P.A. CF32i1FlED PUBLIC` ACCOUM'ANIS CITY OF ATLAlITIC BEACH, FIARIDA 39 Ali. PWDS NOTES 10 FIN.WCIAL STATEMENTS SEPIEMBRR 30, 1979 AND 1978 1. De scrip [Sort of Puids and Summary of.Sig_nifi cant Accounting Policies • The funds of the City are presented in Ch ie report based upon the following clae ai fications: General Fund - acco:m.ts for the overall f~nc[ions of the City no[ accounted for in other funds. General Bonded Debt Pund - acco:n to for the amounts which are torten [ly available or are [o be provided in the future for re [Stamen[ of the general obligation bonds of the City. Enterprise Punde - accounts for the three ac[ivitlee of the Clty (Nater, Sewer and Sanitation) which are designed to be principally self supporting. (Set. note 5 below) Special Revenue Funds - accounts for revenue derived from sources which restrict expends lures to ape el fit functions or activities. Trust and Agency Funds - acco:n [s for money or property received and held by the City in the capacity of trustee. Special Assessment Fonda - accounts for revenue received from certain property owners as a result of lot clearing, demoll [ion or tree reonval. • Basis of Accounting - [he cash basis of accounting is used to record revenues and expenditures when received or expended for all f:mds except enterprise operations which use the accrual basis. Unwllec [ed receivables ::nd unpaid obligations, where material, have been recorded for control purposes and are refle c[ed in the fund balance of the various non-en terpriee fmids. • Investaien to - time certiflca [ea of depoe l[ and other lnvestmen[a are carried at their original cost plus applied iota tee t. • Inter-fund Transactions - inter-fund transactions are not elimin rated and no interest is charged on inter-f:nd advances. • General Fixed Aeaet Accounting - there are no accounting records maintained by [he Ci [y relating to general fixed ass ate other than memorandum records. • Coom1[men is and Contingent Liabilities - [he cos[ of sick leave and vacation pay is recognized when actually disbursed to employees. Any acc:unulated un- paid amoimte are no[ considered mace rial. See note 6 for inform~cion as to unfunded liabilities for employees' re[i remen [. According to the City Attor- ney, there is no pending liCl ga [ion that would materially affect the find balance of the City. 39 TYSDN. FANCHF.R AND WHEI'E. CPAs. P.A. CITY OF ATLANTIC BEACN, FLORIDA ALL pIMDS NOTRB TO FINANCIAL STATEt4NT5 SEPTEMBER 30, 1979 AND 1976 2. Eg ui [y in Pooled Cash During the current year, the City consolidated substantially all of the cash and temporary cash roves [men [a into a "Pooled Caeh Pund" in order [o provide larger amounts for investment purposes and reduce administrative procedures. The composition of [he pooled cash funds as of Sep [ember 30, 1979 was as follows: Cash Funds (including returned checks) $ 855 Undepoeited Re ceip to - 79,858 tliecking Accoun to 8,748 Savings Accounts 75,681 Certifies tea of Deposit 895.732 $1.R6o,EI4 3. Ad Valorem Taxes Both real and personal property taxes are assessed and collected by the Coneolida tad City of Jacksonville (Duval County). Tfie current Ad Val- orem [axes collected for the years ended September 30, 1979 and 1978 were as follows: Real Estate Personal Property 1979 1978 $217,839 $211,999 10,637 1J039 $~ $223.078 Based upon the voted and non-voted mi llage, [he Ad Valorem taxes were allocated ae follows: 1979 1978 General Pund $163,379 $163,775 General Bonded Debt Fund 65,097 59,263 $228.476 S2~.i~3fl The Ad Valorem taxes receivable reflected in the atatemen to of finan- cial condition for the funds reprea ant [he uncollected levy for the calen- dar years 1979 and 1978 rea pectively. 4. General Bonded Debt The "Amount to be Provided by Future Ad Valorem Tax Levies" as shown repreaen to the amount by which [he liabilities of the fund exceed [he cur rent taxes levied plus available cash reserves. I[ does not ine:l ode the total interest to be paid over [he life of 'Je bonds, vhl ch also moat be funded through Ad Valorem tax levle s. the schedule of long-term debt pre- sented on page 13 reflects th ie in[e rest commitm?n t. 40 40 TYSON. FANCHER AND WHfI'E. CFA.. P.A. CITY OF ATLANTIC UEACH, FLORIDA 41 AIJ. FUNDS N(11ES TO FINANf,LAL STATEt9:NTS SEPTEMBER 30, 1979 AND 1978 5. Enterprise Fund Operations The City operates three Fonda which are presented as enterprise opera- tions inasmuch as the revenues of the sya terns are designed [o covet sub- stantially all operating costa. The Water Fund and the Sever Fund are both providing excess earnings available for transfer to the general government of the City, however, the Sanitation Fund is still substan- tially subsidized by revenues other than collection fees. The fixed assets of the eater and sever systems presented in these financial sta Cements represent the accumulation of the City's construction and improvement cos to over the years. No improvements or extensions to the systems which were funded by private deve lopes have been included, nor have any depreciation records been main [aired foz these funds. The Sanitation Pund fixed assets represent vehi clee and containers used in the operation of [he system and depreciation ie calculated using [he straight line me Nod based upon the following estimated useful li vea: Vehicles 7 Years Containers 5 Years The accrual method ie used to account for the operation of all Enter- prise Punda. 6. Employees' Retirement System The City's employees' retirement sya tam vas eatab liahed as of January 1, 1976. Asse [s of the Police and Firemen's Pension Trust Fwd were trana- Ferred [o [he new system. The actuarial firm of Gabriel, Raeder, Smith d Company were retained as continuing cons ul[an to for asaletance in admin- istering Ne plan. According to the actuary's lateeC reporC dated January 27, 1979, the unfunded accrued service-coats ae of September 30, 1978 amounted to $196,477. This amount ie to be financed ae level percents of payroll over a period of 37 years. Had the unfunded accrued ee rvice coat been recorded as a definite liability, Ne general fund balance would have been reduced to $445,376. 7. Community School Pund This fund was ea tab liahed to account for community school ac [i vi ties which involved Ne City's parks and recreation facilities. The f,nd is currently inactive inasmuch as [he Dwal County School Sys [em Ss now hand- ling all community school programs within the coon [y. Tuition fe ee will no longer be received, nor will any expenditures for the program be made by the City. 41 TYSON, EANCHER AND WHR'E. CPA,. P.A. CERTIFlED IK781JC ACCOUNTANTS CLT'r OF ATLANTIC BI:aCN, FLORIDA 42 ALL PUNUS NOTES TO PINANCIAL STATEMENTS SEPTEMBER 30, 1979 AND 197E 8. Special Assessment Fund The amounts reflected ae assessments receivable are the result of prior years tree removal, lo[ clearing and demolition operations. Col- lections from these seas esmente have been negligible for the past several years, therefore, a 100X vplua[ion reserve has been eatabli shed [o pro- perly value their worth. 42 TYSON, FANCHER AND WHRE. CPA,, P.A. cERnFleD Pueuc Acccwr7rArrrs ai•iY of nTLnN•rca nrncai, vimm~n 4s ALL FUNDS ADDITIONAL INPORMATION Our examination of the financial statements of the City of Atlantic Beach, Florida for [he year ended September 30, 1979, vas intended primarily for the purpose of formulating an opinion ort [he basic financial statements. The additional information presented on the following page has been taken from [he accounting records of the City and is not, in our opinion, necessary for fair presentation of the City's financial position, results of opera- tions or changes in financial position. Such information had not been eub~ected to testa and other auditing procedures auffi dent to enable us [o express an opinion ae to [he fal roses of all tl,e details included and accordingly, we do not express or imply an opinion on th le information. 43 TYSON. FANCHER AND WHf1E, CPA.. P.A. rnnnmm nmia~ nC~rxmn•nti'ts L3TY OP AFLWTIC BE.YH, P~Oplp,S MOINLD STAIPI®IT OP PIPANCILL pOSITfq ALL N105 SIDEML% D, l9M as S sperLl ¢ e P 1 B 41 ) rc ILe.eem PuM Tru[ IDe A mcr u t (I .ID 1 h tel 5 Peeeral Polln 4k Lmeed [vtemrlx PmM GmC11 9tvmu Gott Lylo1N Lme Lt enl IYb[ Ya4i Sere Sml[atlw or~A vL Lb_.Hnt Pa.t LeHn~m[ Ltcrov PatltMd r 'e 4sb ®d teyourl Cub lewtioN 193,]18 10.ID6 100,908 ll1,210 -0- I )30 . 112.301 9.606 132,00) 95 1.060.8)6 4wa1n 415 -O- -0- -0- 4 -o- -0- -0- -0- -0- x35 Ai Ytlom Lsa Rulrtble 188.9]) 61,x01 -0- -0- -0- O 4 -0- -0- -0. 352,))8 Ianv[ to be P[ovlhd 61 F tort iu I~HU fer 46t -0- x61,586 -0- -O- -o- I -0- -0- -0- -0- -0- 163,586 0[Ler Aarmn YcelvaDle -0- -0~ 93J 11,2]8 -0- -0- -0- -O- -0- -0- 13.155 Ilse Nun - at cwt -0- -O- 1,)33,086 1,211,119 lt9,M6 -0- -0- -0- k -O- 3,)25,)11 1Nt ArcmSand 4prtria[fm -0-. -0- -Q -b Oa,9L5) -O- -D- -0- -0- -O- pa,985) ONer Ivnf[~evn -0- -O- 0- 0. -0- ~,-o- -0- -0- 3]8.151 =0- 3]x_351 Tonl L 566"]Si 1"51].0{1 1.a2l.LJ) ]6.361 I t)i rn1 9.606 ~.. <_)1 ].395 11abtHdea, aeal~ree me Fmd 8alwx ' u.bultle: Nww[. e.nble :a,JU -o- 3,o]x a,uJ J,n) -o- -0- -o- o ~ v,e63 Accrued SaLrtea ]6,050 -O- )30 3,829 2,508 -0- 4 -0- -0- -0- 36,11] Qrtitfuus o[ lpaebueveu -0- -0- -0- 16,BX -O- -0- -D- 4 -0- -0- 16,BN Ncrua IvterNt O 6, 16J -LL -0~ O -D- -0- O -0- -0- 6,35) Im~ten lebc O 560.000 53,OOD -0. -0- -0- -0- -0- -0- -0- 613,000 AIDm4 geld [Or ONna 916 -0- _9`53f 0- -0- -0- -0- -0- -O- )) l~51] txal Ltabllf {let 4~ 1329) 56_~36J 66`_46 _?d 811 6.825 I -0-, - -O- -0- -0- )) )0699 6..er.ea Na Fina LuIDn: ? [mMbune 4p141 - 1N Pre3ecn 4 -0- A5,662 9],065 -0- ~~ -O- -O -0- -O- -O- 802,)D Nterxe - Eyloyer Cwtrlbu[imt -0- -0- -0- -0 -0- I O -0- -0- 361,)tL -0- )51,]M 6eae ne -Noe [l: Pa)svu -0- -4- -0. -O- -0- ~ -O- -0- -0- N,61D -0- 38,610 lmE NLe<e - Ae~trt cted -0- -p- -o- -0- -O- )l0 123,10{ 9,606 -0- O 18,630 iwe La1NU - 4nanlcue 6LL.85J -O- -O- -0- -D• -0- ~O -o- -0- 18 661.8]1 penleee 4ro1e®- r..trtrna -o- -o- s6,ass 162,oss -o- -o- -o- -o- -o- -o- 31e,aJo Peulua 4wtoy - 4[ntrtt4e ~ -o- 6303608 J 1LL ]9.966 6].635 -O- -o- -O- -0- -O- 3 alya_990 Tpul iwd Nlmuv 6U~52 -0- 1,)8.685 1~ 9~9 0`6 6> lY )30 }13 106 906 b0 158 1B 6 Ole Ja_596 o_al ~j x66 u• 1 ll) 011 1.al l.B]) >d >61 )10 1E In{ 9.606 600.156 e~ d. )f )_395 Non: The (ollovio6 3wdt • eo[ prN<ottd on Ne w~lme rtano t et tlendal pmlttm •0u Ney M1ae vo ruoum m (ma balmm N o f Septetltt L, 19A: snrt a.mt rme 4IDwq sr3w1 P ma Spedtl MotIDet FuN - dt TM~N'Siiiii~~En e[xD W HNTF~CPAt. P.A