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Audit Report - 1963-1964r 1 CITY OF ATLANTIC BEACH, PIARIDA AUDIT REPORT December 31, 1964 TY[ON ANO M[[R ~ C[MTIII[O /Y[LIC ACGOYMAMT/ e 1 1 I' CITY OF ATLANTIC BEACH, FLORIDA INDE% TO REPORT December 31, 1964 Certificate Letter Commen to General Pund Special Seavell Rmergency Fund Water Revenue Account Water Operations, Hain tenants and Repair Account Hater System Reneual and Replacement Pund Utili ry Revenue Bond Pund Sever Pund AND M[O[ - COITIII[D N/LIC ACCW MTANT/ Page Number 1 2 - 4 5 - 12 13 - 14 15 - 17 18 - 19 20 - 22 23-24 25 - 27 '1~Yg0ly ANll TI F.EK CEpTI FIED VUB LIC •C COUNTnNT$ REY eE~CN aOULEV/,p0 Jwc..os.u,.. O. Fw.mw February 24, 1965 To 1'he Clty Commission City of Atlantic Beach, Florida Gentlemen: We have examined the balance ehee is of [he various funds of the Ci[y of Atlantic Beach, Florida, as of December 31, 1964,and the related etatemen to of cash receipts and dteburse- mente for the year then ended. Our examination vas made in accordance with generally accepted auditing standards, and included such testa of the accounting records and such other auditing procedures as ve considered necessary in Che circum- stances. In our opinion, the attached etatemen to present fairly the financial position of [he Ci[y of Atlantic Beach, Plorida, at December 31, 19fi4, end the cash receipts and diabursemen is fcr the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with prior years. Reepec tfu lly s^ubmit toed, ~' A_ _ __ / lt-~ cam/ Pace 1 1 f i 1 C-O-M-M-E-N-T-S GENERAL FUND General Fixed Assets - The City has not established formal property records and general fixed assets are not reflected in this report. Ooerationa - Revenue receipts and appropriation ex pendi[ures for [he years 1964 and 1963 and summarized below on the cash basis: Revenue Received Ad Valorem Taxes Licenses Fines and Porfei [ores Garbage Collection Charges Bever Service Charges Transfer from Water Revenue Account Transfets From Other Funds Other Receipts Total Ex oenditures Adman is [ration Public Safety Transportation Sanitation Labor Public Works Sever Department Parks and Recreation Capital Expenditures- Equipment Capital Expenditures - Improvements Emergency Expense Fund Total S 708.009,47 S (29.307.02) (1)Excluding $ 17,492.96 of current year cash our plus available for transfer. Paxe 2 Increese 1964 1963 (Decrease) $ 69,159.04 $ 76,103.25 S (6,944.21) 14,643. 20 13,615. 50 1,027.70 10,262. 00 12,659. 90 (2,397.90) 32,205. 79 34,710. 75 (2,504.96) 36,298. 83 35,384. 52 914.31 26,000. 00(1) 65,764. 25 (39,764.25) 22,700. 00 24,150. 00 (1,450.00) 31,540. 98 25,132. 38 6,4D8.60 S 242.809.84 S 287.520.55 S (44.710.71) S 53,470.43 $ 50,457.58 $ 3,012.85 72,616.29 66,922 ,14 5,694 .15 18,798.38 21,055 .73 (2,257 .35) 14,374.98 23,770. 31 (9,395 .33) 44,010.71 41,147 .10 2,863 .61 22,320.04 16,766 .93 5,553 .11 12,031.98 10,735 .01 1,296 .97 5,646.56 7,864. 16 (2,217. 60) 17,784.51 15,855. 59 1,926 .92 6,506.72 53,434. 92 (46,928. 20) 11,141.85 _ -0- 11.141. 85 TYWN ANY Nkbt - CgTI/I[O /Y~LIC ACfAYNTANTA 1 1 Receivables - Delinquent garbage and sewer receivables totaling $ 119.00 and $133.50, respectively, are not shown in this report since no control accounts are maintained on these items in the general ledger. General Comments: Various recommendations presented in our 1963 audit report were apparently favorably received and acted upon by [he City with substantial improvements resulting therefrom. WATER UTILITY PONDS Delinquent Water Accounts - The accounts of the water utilities are maintained on [he cash basis. There were, however, uncollected water accounts as of December 31, 1964 ae follows: Minimum Water Charges $ 88.00 Excess Water Charges 3.50 Cut-in and Service Charges 62.00 Total $ 153.50 There was considerable impr r.vemen[ in the adherence to the "Cut-off" period established by ordinance. F lxed Assets - No reserve for depreciation on fixed assets of the water utility funds is shown as the City hoe no[ established depreciation data. The transfer from [he Water Revenue Account [o the Water System Renewal and Replacement Fund is based on a percentage of gross water revenues, and is no[ a dept ecLation expense amount based on established depreciation data. Inv es teen's - In accordance with our prior recommendations a portion of the cash balance required [o be main [a fined in the Utility Revenue Bond Sinking Fund was transferred to a bank savings account, resulting in additional income Co [he CL[y. It fie recommended [hat similar invee [men[ of other funds [empotar ily Ldle during the year be considered since banks in the local area have adver tiaed policies of paying daily interea t. Paue 3 rrsox ~xo x~rx - ea~rineo rv~ue ~ewuxrurt~ OPERATIONS: A cash basis surmvazy of Water Utility operations for 1964 and 1963 is presented below: Opera [STIR Income: Water Charges Cut-Ins and Service Charges Total Opera tine Expenses: Indirect - [o General Fund Direct To [al Net Ooeratin¢ Income Other Income: Cigarette Tax Utility Tax Total Ocher Ex sense: Bond Interest and Other Charges Net Income Increase 1964 7963 (Decrease) S 42,398.30 $ 40,611.98 $ 1,786.32 4,087.35 3.577.70 509.65 S 46.485.65 S 44,189.68 $ 2,295.97 $ 22,700.00 $ 14,150.00 $ 8,550.00 8,565.49 10,683.28 (2,117.79) $ 31,265.49 S 24.833.28 S 6.432.21 15 220_16 § 19.356.40 S (4,136.24) $ 33,685.78 $ 26,446.30 $ 7,239.48 32.350.60 33,146.28 (795.68) S 66,036.36 S 59.592.58 $ 6,443.80 S 6,791.95 $ 7.003.50 $ (211.55) S 74.464.59 S 71.945.48 $ 2.519.11 Pace 4 ....... ....., o..., -...,. ~.~.,..,..~~~ w~cwnrwnr~ CITY OP ATLANTIC BEACN, FLORIDA GENERAL FUND BALANCE SHEET December 31. 1964 ASSETS Cash on Hand and in Bank - Page 6 Funds Available for Transfer Prom: Water Revenue Fund Water System Operations, Maintenance and Repair Account Taxes Receivable - Page 7 Paving Assessments Receivable - Page 7 Lot Clearing Liens Receivable - Page 7 Due from Emergency Seawall Fund Total Assets $ 2,081.18 $ 17,358.45 134.51 17,492.96 22,358.50 2,383.48 354.00 2.495_81 S 47.165.93 LIABILITIES AND FUND BALANCE Accounts Payable Fund Balance Cash Surplus(1) Unrealized Surplus Total Liabilities and Fund Balance $ 8,298.77 $ 11,275.37 27,591.79 38,867.16 S 47.165.93 ~1~Cash and Punds available for transfer, less accounts payable. Paee 5 ,. wn nnn waen-curvrm w~uc ACCWNTw11» 1 r CITY OP ATLANTIC BEACH, FLORIDA GENERAL FUND CASH RECEIPTS AND DISBURSE[~NTS 1964 Cash Balance at January 1. 1964 Add: Revenue Receipts - Page 8 Total Available Deduc [: Expenditures - Page 12 Cash Balance at December 31. 1964 Composition of Cash Balance at December 3L, 1964 Pirst National Beach - Checking Accoun[ Change Pund - Established by Resolution 64-1 Total Pace 6 $ 37,973.79 242.809.84 $ 280,183.63 278 702.45 S 2.081.18 $ 1,981.18 100.00 S 2.081.18 nwn •no weex- 1 1 1 1 CITY OF ATLANTIC BEACH, FLORIDA GENERAL PUND December 31. 1964 TAKES RECEIVABLE Year Assessed Amount 1964 $ 16,695.33 1963 2,426.07 1962 1,066.39 1961 532.24 1960 203.63 1959 345.16 1958 204.49 1957 112.80 1956 and Prior 695.88 Old Seawall Levy 76.51 Total $ 22.358.50 PAVING ASSESSMENTS RECEIVABLE Year Assessed 1961 $ 2,165.98 1955 67.50 1952 150.00 S 2,383.48 LOT CLEARING LIENS RECEIVABLE Year Assessed 1963 $ 351.50 1961 2.50 Total $ 354.00 Paae 7 TY[ON AND N[[N - COIiIIIFD ~U[LIC ACCW NTWT[ 1 1 1 CITY OF ATLANTIC BEACH, FLORIDA GENERAL FUND REVENUE RECEIPTS ESTIMATED AND ACTUAL 1964 Account Estimated Actual 101 Ad Valorem Takes -Current Year $ 50,374 .59 $ 52,918 .60 102 Ad Valorem Taxes - Prior Years 31,589 .11 16,240 .44 103 Licenses 14,500 .00 14,643 .20 104 Fines and Forfei [urea 20,000 .00 10,262 .00 105 Permits 2,500. 00 3,057. 55 106 Electrical Franchise 8,500 .00 10,101 .16 107 Garbage Collection 38,800 .00 32,205 .79 108 Street Paving Asaessmen is -0- 687. 90 110 Penalties and Interest 275. 00 707. 34 111 Miscellaneous Collections 500. 00 4,854. 36(1) 112 Telephone Pr anch ise 1,000. 00 1,294. 67 113 Radio Service - Neptune Beach 3,000. 00 3,000. 00 114 Lot Clearing 300. 00 635. 00 115 5. M. Seger Service Charges 500. 00 219. 00 116 Sever Service Charges 34,000. 00 36,298. 83 117 Royal Palms Sever Service Charges 03 2,500. 00 2,960. 00 118 Royal Palms Sever Service Charges 04 5,000. 00 4,124. 00 120 Contractor's Deposit (Net) -0- (100. 00) 121 Transfer From W.O.M. 6 R. Account 22,700. 00 22,700. 00(2) 122 Transfer from Water Revenue Account 36,866. 50 26,000. 00 123 Transfer from Unbudge[ed Reserve 22,700. 00(3) -0- 12v Transfer from Water System Renewal and Replacement Fund 11.000. 00(4) -0- Total S 306.605. 20 S 242.809.84 (1)Includes $4,000.00 received from Duval County for patrolling county roads <2)Reimbursement for share of certain expenses (See Page 19) (3)Asaumed to mean budgeting of beginning cash surplus (4)Per Resolution No. 64-24 Paee 8 TY/ON AHD M[[I[- CWTIIIFC ew/LIG ACCWHIAHT/ 1 1 1 CITY OP ATLANTIC REACH, FLORIDA GENERAL FUND APPROPRIATIONS AND ERPENDITURES 1964 Account ADMINISTRATION 201 Personnel 202 All Insurance 203 Office Supplies 204 City Ha11 Repairs 205 Audit 206 OASI and Expense 207 Office Utilities 208 Assessor 209 Advertising 210 Commissioners Fund 211 Election Expense 212 Ci[y Manager Expense 213 Memberships Total - Admin is [ra [Lon PUBLIC SAFETY 301 Personnel 302 Uniforms 303 Police Supplies 304 Fire Supplies 305 Red Cross Life Saving 306 Jail Meals and Supplies 307 Utilities 308 Building Maintenance 309 Radio Repair 310 Schools and Tt ain ing Program 311 Humane Soc ie[y 312 School Crossing Guard Total - Public Sate[v Page 9 (1) Appropriations Expenditures $ 24,800. 00 $ 24,306 .61 14,300. 00 13,916 .74 4,825. 00 4,696 .45 1,103. 65 826 .14 1,400. 00 1,400. 00 5,500. 00 5,374. 46 925. 00 904. 24 600. 00 600. 00 850. 00 820. 85 300. 00 136. 20 100. 00 -0- 250. 00 192. 39 296. 35 296. 35 $ 55,250.00 ^~ 53,470.43 $ 64,190.00 $ 64,182.18 1,765 .00 1,714 .12 616 .56 527 .82 409 .16 403 .50 100 .00 100 .00 400. 00 365 .77 2,200. 00 1,960 .58 1,340. 31 725 .97 1,225. 00 1,186 .66 329. 69 329 .69 900. 00 900 .00 200. 00 200 .00 S 73,675.72 $ 72.616.29 TWN ANO MZ[K - Ct1111I1[O ~OLR ACCAUNTANTf w i 1 1 CITY OF ATLANTIC BEACH, PLORIDA GENERAL FUND APPROPRIATIONS AND E%PENDI1lIRES 1964 Account /lttll Aopropr ia[i0ti8 Expenditures TRANSPORTATION 401 Personnel $ 4,850.00 $ 4,831.68 402 Gasoline 6,025.35 5,937.98 403 011 and Grease 700.00 614.89 404 Par to and Tires 6,023.67 5,846.73 405 Supplies 995.00 931.20 406 Shop Tools 637.72 635.90 To [al - Transportation $ 19,231.74 $ 18.798.38 SANITATION 501 Personnel $ 15,900.00 $ 11,993.39 502 Garbage Disposal 2,150.00 2,138.29 503 Supplies 250.00 243.30 To [al - Sanita[LOn $ 18.300.00 S 14,374.98 LABOR 601 Personnel $ 44,319.60 S 44.010.71 PUBLIC WORKS 701 Tools and Supplies $ 2,973.85 $ 2,936.93 702 Utili[les 1,250.00 1,223.42 704 Beach and Street Ends 3,887.33 3,021.41 705 Drainage 2,300.00 933.60 707 Street Light Bulbs 50.00 -0- 708 Streec Resurfacing 11,675.00 11,385.94 710 Engineering Service 500.00 479.57 711 Stree[ Signs 1,000.00 992.77 712 Building Maintenance 1,350.00 1,346.36 To [al - Public Norks $ 23,986.18 $ 22.320.04 Pace 10 fYWN AND M[[R ~ C41TII1[D NeLIG ADCODNrANT~ 1 1 1 1 C LTY OF ATLANTIC BEACH, FLORIDA GENERAL FUND APPROPRIATIONS AND EXPENDITURES 1964 (L) Account ADp ropria[igns Ex oendi[ures SEWER DEPARTMENT 801 Repairs and Replacements $ 1,204. 20 $ 1,087. 26 802 Plant Maintenance 1,632. 25 1,580. 58 803 Utilities 3,150. 00 3,089. 16 804 Chlorine and Chemicals 2,821. 75 2,793. 22 805 Supplies 250. 00 247. 92 806 Tools 250. 00 181. 24 826 Transfer [o Water Revenue Account Certificate s4 2,040. 00 1,549. 60 827 Transfer to Sewer Fund Certificate l13 1,000. 00 1,184. 00 828 Transfer to S. M. Sever Fund 500. 00 219. 00 Total - Sever Department $ 12,848. 20 $ 12,031. 98 PARXS AND RECREATION 901 Personnel $ 5,865. 60 $ 3,639. 38 902 Recreation Supplies 1,129. 85 1,019. 91 903 Tools and Supplies 350. 00 317. 12 905 Park Lighting 670. 15 670. 15 Total - Parks and Recreation $ 8,015 .60 $ 5,646. 56 CAPITAL APPROPRIATIONS EqulPmenC 1002 Administration $ 2,645 .00 $ 2,737 .43 1003 Public Safety A - Police 4,800 .00 494. 10 B - Pire 2,442 .00 1,232 .73 LOOS San i[ation 8,500 .00 8,500 .00 1007 Public Works 4,960 .00 4,820 .25 1009 Park and Recreation 2,700 .00 -0- Total - Equipment S 26,067 .00 $ 17,784 .51 Page ll rrwn ~vo rcca - ewr~nro ~uauc •ccouvrw» i 1 1 CITY OF ATLANTIC HEACN, FLORIDA GENERAL FUND APPROPRIATIONS AND EXPENDITURES 1964 (1) Account App ropriations Ex penditures CAPITAL APPROPRIATIONS (Continued) ImprovemertCs 904 Recreation Cons [ruction $ 1,300 .00 $ 628.32 1012 Park Improvement 3,500 .00 -0- 1013 Parking Lo[ and Landscaping 500 .00 170.99 1014 Alterations - Public Safely Building 1,500 .00 L, 967.60 lOSI A Donner Street Survey 2,390 .00 -0- 1051 B Right of Way Acquis i[ion - I Seminole Road and A[lan[Lc Boulevard 3,550 .00 3.539.81 Total - Improvements $ 12,740 .00 $ 6.506.72 Total - Capital Appropriations $ 38,807 .00 $ 24,291.23 1050 EMERGENCY EXPENSE PUND $ 12,123 .86 $ L1, 141.85(2) ' TRANSFER TO WATER OPERATIONS, MAINLENANCE AND REPAIR ACCOUNT 47 .30(3) -0- GRAND TOTAL - ALL DEPARTMENTS $ 306,605 .20 $ `t78,702.45 (1) As amended by Commisa inn Resolutions end/or City Manager's Le[ter6 (2) A aubatantial portion of these expenditures vas occasioned by hurricane "Dora." The City has applied for Pederal aes is [ante therefor. (3) Pet Resolution No. 64-28 Paze 12 - eminm sue ii c CITY OF ATLANTIC BEACH, FLORIDA SPECIAL SEAWALL EMERGENCY FUND BALANCE SNEET December 31. 1964 ASSETS Assessmen [s Due Prom Ahutting Property Owners Funds To Be Provided Total Assets LIABILITIES Due General Pund $ 2,227.04 268.77 S 2.495.81 Note: No .,c tivity in this Fund during 1964. Amount of Assessment does no[ include accrued interest a[ 8% per annum since assessment date of June 25, 1948. Faze 13 TYWH AHD XttN - COITI/1[D eY~L,D 1 r CITY OF ATLANTIC BEACN, PLORIDA SPECIAL SEAWALL EMERGENCY FUND DELINQUENT SEAWALL EMERGENCY ASSESSMENTS December 31. 1964 Sandbagging and Proverty Wner Riv-Rave in¢ Tie-Backs To tall l~ Elizabeth Payne $ 180.80 $ 86.50 $ 267.30 Lalla J. Pelot 180.80 86.50 267.30 Glover Weiss 180.80 86.15 266.95 Drevey Stynchomb 75.85 334.54 410.39 Esta[e of P. M. Clarkson 150.85 33.60 184.45 Anne R. Rodgers 30.80 268.90 299.70 R. S. Towers 150.85 33.60 184.45 Daughtry Toners 150.85 22.40 173.25 Ray Willis 150.85 22.40 173.25 Total S 1.252.45 S 974.59 S 2.227.0411 11~DOes no[ include accrued interest a[ B% per annum since June 25, 1948 Pace 14 nwn wne •cu - curnnco ~ccuc wccouwrwnr~ 1 1 1 1 e i~ 1 CITY OF ATLANTIC BEACH, FLDRIDA HATER REVENUE ACCOUNT BALANCE SHEET December 31, 1964 ASSETS Cash in Atlantic National Bank - Page 16 LIABILITIESI I~ Punds Available for Transfer to General Pund 11~BUdgets maintained on strict cash basis. Any liabilities at year end assumed to be included in next year's appropriations. Page 15 rrwx .wo rcv - eurv~w .~~.~ ~. ........~....~. 1 1 CITY OF ATLANTIC BEACR, FLORIDA WATER REVENUE ACCOUNT CASR RECEIPTS AND DISBURSEI~NTS 1964 Cash Balance at January 1. 1964 Add: Revenue Receipts - Page 17 Total Cash AvaLlable Deduct: Expenditures - Page 17 Cash Balance at December 31. 1964 Paze 16 $ -0- 114.171.63 $ 114,171.63 96.813.18 17.358.45 TYNN AND Mtpl -CAIIII[D ID[LIC ACCAIINTANT/ u 1 1 1 CITY OF ATLANTIC eEACN, FLORIDA WATER REVENUE ACCOUNT 1964 REVENUE RECEIPTS ESTIMATED AND ACTUAL Es [imated Actual Minimum water Charges $ 34,500 .00 $ 33,374. 90 Excess Water Charges 9,300. 00 9,023. 40 Cu[-In Charges 3,700. 00 3,315. 35 Service Charges 150. 00 772, 00 Cigarette Tax 35,000. 00 33,685. 78 Utility Tax 24,700. 00 32,350. 60 Transfer from General Fund-Certificate A4 2,040. 00 1,649. 60 Total S 109.390.00 S 114.171.63 APPROPRIATIONS AND EXPENDITURES Appropriations Por Year ExpendiCUr es Utility Revenue Bond Fund: Bond Principal, Succeeding year Bond Interest, Succeeding year Water System Renewal and Replacement Fund General Pund Water Operations Main [enance and Repair Ac coon[ Water System Renewal and Replacement Fund Certifi<a[e ~F4 Total Aooropr ia[tons Pace 17 rrwr ero rea - emv,m wwe $ 7,000. 00 $ 7,000. 00 6,746. 25 6,563. 03 25,337. 25 24,200. 53 36,866. 50 26,000. 00 31,400. 00 31,400. 00 2,040.00 1.649.60 9.390.00 S 96.813.18 t 1 1 1 CITY OF ATLANTIC BEACN, FLORIDA WATER OPERATIONS, MAINTENANCE AND RBPAIR ACCOUNT BALANCE SNEET December 31. 1964 ASSETS Cash in Atlantic National Bank LIABILITIES(1) Funds available for Transfer to General Pund STATEMENT OP CASH RECEIPTS AND DISBURSEMENTS 1964 Cash Balance at 7anuarv 1. 1964 Add: Cash Received (Tr anafexx ed from Wa[er Revenue Accoun [) -Page 19 Total Cash Available Deduct: Expenditures - Page 19 Caeh Balance a[ December 31, 1964 (1)See footno ce to Page 15 Pace 18 $ -O- 31.400.00 $ 31,400.00 31.265.49 S 134.51 TYWN AND N[[If -C[NrIII[D'U[LIG ACCOUNTANT[ CITY OF ATLANTIC BEACH, FLORIDA WATER OPERATIONS, MAINTENANCE AND REPAIR ACCOUNT 1964 REVENUE RECEIPTS ESTIMATED AND ACTUAL Estimated Actual Transfer from Water Revenue Account $ 31,400.00 $ 31,400.00 Transfer from General Pund 47.30(1) -0- Total $ 31.447.30 31.400.00 APPROPRIATIONS AND EXPENDITURES (( 11 Appro or iatidn8 Expenditures Indirect Casts (Paid to General Pund) Administration Tranapor Ca ti on Labor Capital Total Direct Costs Repairs and Replacement Tank Maintenance Utilities Chlorine Building Maintenance Miscellaneous Total Grand Total S 7,200.00 $ 7,200.00 2,000.00 2,000.00 12,000.00 12,000.00 1,500.00 1,500.00 $ 22,700.00 $ 22.700.00 $ 2,754.20 $ 2,731.58 690.00 635.90 3,210.00 3,128.71 739.50 735.77 300.00 285.83 1,053.60 1.047.70 S 6.747.30 $ 8.565.49 1.447 3n 1. 65 ~1)Per Resolution No. 64-28 ~2)AS amended by Commission Resolution and/or City Manager's letters. Pace 19 CITY OF ATLANTIC BEACH, PLORIDA WATER SYSTEM RENEWAL AND REPLACEMENT FUND BALANCE SHEET December 31. 1964 ASSETS Cash in Atlantic National Bank- Page 21 S 21.412.96 Purro BALANCe Pund Balance 21.412.96~1~ ~l~Max imam balance required Sn th ie Eund by bond ordinance is $ 15,000.OU. Pace 20 i.wn wnv nsu-cm~ncv •v~uc •CCWNTAxf~ CITY OF ATI.ANTLC BEACH, PLORIDA HATER SYSTEH RENEWAL AND AEPLACEMENI FUND CASH RECEIPTS AND DISBURSEI~NTS 1964 Cash Balance at January L, 1964 $ 3,244.30 Add: Revenues Received - Page 22 25,850.13 Total Cash Available $ 29,094.43 Deduct: Expenditures - Page 22 7,681.47 Cash Balance at December 31, 1964 S 21,412.96 Page 2t AMU Y[Q - GIJ TII,[~ N[LIG ~Gfd,Y~~Yh CITY OP ATLANTIC BEACN, PLORIDA WATER SYSTEM RENEWAL AND REPLACEMENT FUND 1964 REVENUE RECEIPTS ESTIMATED AND ACTUAL Estima [ed Actual Transfers from Nater Revenue Account 5% of Gross Water Revenue $ 2,175.00 $ 2,324.28 Balance Erom Previous Year 4,162.00 -0- Transfer from Water Revenue Account 23,163.00 21,876.25 Transfer from Water Revenue Account - Certificate 04 2.040.00 1.649.60 Total $ 31,540.00 $ 25.850.13 APPROPRIATIONS AND EXPENDITURES (1) Neu Mains, Meters, etc. Yearly Payment Certificate U4 Water Reservoir Emergency Water Plan[ Pund Balance Transfer to General Fund Total ADUrooriations Exoendi[ures $ 5000.00 $ 4,742.64 2,040.00 1,649.60 9,000.00 855.57 500.00 433.66 4,000.00 -0- 11,000.00(2) -0- $ 31,540.00 X681_47 (1) As amended by Comsission Resolutions and / or Ci[y Manager's letter (2) Per Resolution No. 64 - 24 i~ Page 22 T'MN AND Y[[F - D[IITI II[O N[LIC ACCWNTANT[ CITY OF ATLANTIC BEACN, PLORIDA DTILITY REVENUE BOND FUND BALANCE SHEET December 31. 1964 Assets Cash in Atlantic National Bank - Page 24 Fixed Assets - Water System Water System constructed since May 1958 from proceeds of bond issue - Cost Nev Water Mains, Service and Meters added Erom Revenue of System - Cost Total Assets LIAB ILIT IBS AND FUND BALANC Utility Revenue Bonds Payable Certificates of Indebtedness Payable: Selva Marina Realty Company /72 Interstate Contracting Company li4 Fund Balance Amount invested in Water Sys [em other than amount due on Bonds and Certificates Cash on Hand to pay succeeding year's debt service Cash in Sinking Fund Total Liabilities anti Pund Balance Page 23 $ 27,901.05 $ 230,962.16 101,585.26 332.547.42 $ 360.448.47 e $ 190,000.00 $ 4,700.00 3.343.72 8,043.72 $ 134,503.70 13,596.65 14,304.40 162,404.75 $ 360,448.47 nwn wno w[u- currrrze ~u~rlc ACCAIIMNIi~ CITY OF ATLANTIC BEACH, PLOR IDA UTILITY REVENUE BOND PUND CASH RECEIPTS AND DISBURSEMENTS 1964 Caeh Balance at January 1, 1964 $ 28,096.35 Add: Ceah Receipt Transfers from Water Revenue Account $ 13,563.05 Interest on Savings 33.60 13.596.65 Total Cash Available $ 41,693.00 Deduc [: Cash Disbursed Bond Principal Paid $ 7,000.00 Interest and Paying Agen[a Fees 6,791.95 13.191.95 Caeh Balance at December 31, 1964 $ 27,901.05 Comuos it ion of Cash Balance at December 31. 1964 At lenc is Nat ionel Bank - Checking Account $ 17,867 .45 Atlantic National Bank - Savings Account 10,033 .fi0 Total $ 27,901 .05 Page 24 ...or .wn u~r _e...,.,.o .uu,a .~rn,u...,.. 1 S 1 1 CITY OF ATLANTIC BEACH, FLORIDA SEWER PU11D BALANCE SHEET December 31, 1964 ASSETS Cash in Banks - Page 26 Uncollected Sever Assessments Sever Construction Costs Uncollected Se lva Marina Tax Pees Less: Amount due Selva Marina Realty Co. Total Assets LIABILITIES AND PUND BALANCE General Obligation Bonds Payable Cert ificatea of Indeb[ednese Payable: Selva Marina Co. 7k1 Inters [ate Contracting Company 03 Fund Balance Covernme n[ Grant Special Assessments Revolving Fund Total Liab ili[Les and Fund Balance Pace 25 $ 31,480.60 32,555.74 670,302.65 $ 2,250.00 1,148.50 1,101.50 $ 735,440.49 $ 280,000.00 $ 20,989.41 20.348.51 41,337.92 $ 67,093.29 330,098.35 L6,910.93 414.102.57 $ 735,440.49 TYMN ANG N[IX - COITIII[D ~U[LIC ACCWNTANT[ CITY OF ATLANTIC BEACH, FLORIDA SEVER FUND CASH RECEIPTS AND DISBURSEC4'NIS 1964 Cash Balance ac January 1, 1964 $ 8,071. 32 Add Cash Rece iD[s Revenue Receipts - Page 27 $ 49,114. 06 Less: Beginning Balance included therein 8,071. 32 41,042. 74 Total Cash Available S 49,114. 06 Deduct Cash Disbursed Expenditures - Page 27 $ 49, IL4. 06 Less: Ending Balance included therein 31,480. 60 17,633.46 Cash Balance at December 31, 1964 $ 31,480. 60 Comnosi[ion of Cash Balance aC December 31, 1964 The Ocean State Bank S 31,475.19 Firs[ National Beach Bank ~ 5.41 Total S 31,480.60 Page 26 TYWN AND M[4t -C[R1111[D ~Y[LID ACCOYMTAMry CITY OF ATLANTIC BEAGN, FLORIDA SEWER FUND STATEMENT OF REVENUE RECEIPTS 1964 Sewer Pund Beginning Balance Special Sewer Assessments Interest and Miace llaneoua Collections Transfer from General Fund, Gertificaie U3 Total Selves Marina Sewer Pund Trenefer from General Pund, Selves Marina Estimated Actual $ 7,382.76 $ 8,071.32 10,000.00 32,724.94 2,000.00 6,914.80 1.000.00 1.184.00 $ 20,382.76 $ 48,895.06 Certificate OL 500.00 219.00 Total $ 20,882.76 $ 49.114.06 APPROPRIATIONS AND EXPENDITURES Sewer Fund Bond Principal Bond Interest Sewer Construction CertificaCe Q3 - Yearly Payment Pund Balance Repairs end Maintenance Total Se Lve Marine Sewer Pund Payment on Selves Marina Certificate 41 Total (1) ADwrooria Dore Expenditures $ 5,000 .00 $ 5,000 .00 10,902 .50 10,935 .75 1,000 .00 -0- 1,000 .00 1,184 .00 2,480 .26 3t, G80 .60 -0- 294 .71 $ 20,382.76 $ 48,895.06 500.00 219.00 $ 20,882.76 $ 49,114.06 (1) Ae amended by Commiaeion Reaolut ions and / or City Manager's letters Pa e2 rraow awo waex - cm,nm .u.ue ac~~u,,...w..