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..