Audit Report - 1959-19601
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CITY OP ATLANTIC BEACH, PLORIDA
AUDIT REPORT
December 71, 1960
TY[ON AMD M[IX -- CO1i111[Y IY[LIC ACfAYMAMT[
TYeON AND 1~1 EEK
CENTI iIEO PUBLIC AGGOVNTANTS
101) ATLANTIC 60ULEV4fl0
Lc..or.u1. z. F..o n °.
`•"'°" •'•°"~ °" January 11, 1961
To The City Co~iseion
City of Atlantic Beech, Florida
Gentlemens
We have examined the balance sheets of the
various funds of the City of Atlantic Beach, Plorida,
as of December 31, 1960 and the related ata[emente of
cash receipts end expenditures for the year then ended.
Our examination vas made in accordance with generally
accepted auditing standards, and included such testa of
the accounting records end such other auditing prote-
duree as we considered necessary in the cizcume [antes.
In our opinion, [he attached eta Cements pre-
~ sent fairly the £inencial position of [he City of
Atlantic Beach, Plorida, a[ Detember 31, 1960, and the
cash receipts end disbursements for the year then ended,
in conformity with generally accepted accounting prin-
ciples applied on a basis cone latent with prior yesre.
Respectfully aubait[ed,
~~ c~ .
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C O M M E N T S
GENERAL PUND
GENERAL PLRED ASSETS: The City's General Fixed Assets ere not reflected in [his
report as the City hee established no formal property fund.
ACCOUNTS PAYABLE: Accoun to payable ere not reflected on any of the General Fund
Statements (except [he balance sheets), ae [hey are not considered encumbrances
against the current year's appropriations but are appropriated in [he succeeding
year's budget.
OPERATZONS: The following are condensed suvmarLes of General Fund cash receipts
and disbursements for the years 1960 and 1959.
Cash Receip[s•
Ad Valorem Taxes
Licenses
Fines and Porfeitures
Garbage Co llec[Lons
Transfer From Water Utilities Punds
Sewer Charges
Other
Total Receipts
Cash Disbursements:
Administration
Public Safety
Transports tion
Sanitary Depar cmen[
Labor
Public Works
Sever Department
Parka, Beau [if LCa[ion end Recreation
Capital Expenditures - Equipment
Capital Improvement
Unallocated Punds
Total Disbura amen to
Increase
1960 1959 (Decrease)
$ 51,352.31 $ 47,322.44 $ 4,029.87
14,446.50 13,283.50 1,163.00
33,582.75
7
912
49 33,195.00
390
28
13 387.75(1)
(5
477
79
,
.
31,102.18 .
,
34,827.54(2) ,
.
7
(3,725.36)
21,017.90 5,442.86 15,575.04
20.247.36 12.229.44 8.017.94
S 179.fi61.51 S 159.691.06 S 19.970.45
Increase
1960 1959 (Decrease)
$ 31,683.13 $ 27,215.63 $ 4,467.50
31,391.47 27,492.61 3,898.86
12,198.54 10,302.20 1,896.34
16,303.31 15,861.10 422.21
9,443.85 14,843.50 (5,399.65)
13,735.20 4,589.85 9,145.35
14,468.31 13,692.79 775.52
5,050.55 -0- 5,050.55
21,425.52 13,125.21 8,300.31
-0- 3,110.26 (3,110.26)
371.53 11.110.95 (10.739.42)
S 156.071.41 $ 141.364.10 S 14.707.31
Note (1) Includes receipts of one-half year only, due to change in time of billings.
Presen [ly, billings are on quarterly basis ins [sad of annual.
Noce (2) Includes amount ave Stable co General Pund a[ December 31, 1959 but not
transferred until year 1960.
rrww wwo w~cw - curmm w~uc wccwwwrwar~
CITY OF ATLANTIC BEACH, FLORIDA
GENERAL FUND
BALANCE SHEET
December 31, 1960
ASSBTS
Cash in Beach Bank (S to [amen[ 2) $ 66,430.97
Taxes Receivable (S to [amen[ 3) 14,465.41
Paving Aseeesmen[e Receivable (Ste temenC 3) 267.50
Due Prom Othez Funds (Statement 4) 2.539.08
Total Aeaets S 83.702.9fi
LLAHILITIES AND FUND HALANCH
Accounts Payable (1) $ 441.78
Refundable Contractors' Deposits (3) 800.00
Due Selva Marine Sewez Pund 49.50
To[al Lieb Llitiea $ 1,291.28
Fund Balance
Cash Surplus (2) $ 65,139.69
Unrealised Surplus 17.271.99 82.411,68
Total Lieb L1L[Lee end Pund Balance S 83.702.96
(1) Provided fox in 1961 Budget.
(2) Caeh !n Henk lees Liab Llitlea of Fund.
(3) Ordinance No. 25-60-2
STATEMENT 1
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TYfON ANY M[[K - C[IRIII[O ~Y/LIC ACGOYNTAMT/
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CITY OF ATIAIIfIC BEACN, FIARIDA
GENERAL FUND
STATEMENT OF CASN RECEIPTS AND DISBURSEMENTS
1960
Cash Balance at January 1, 1960 $ 32,413.83
Add:
Revenue Realized (S to temenC 5) $ 179,661.51
Amount Due General Pund et December 31, 1959
and transferred in 1960 23,027.54
Contractors' Cash Deposits 800.00
Collections for Selva Marina Sever Pund 49.50 203.538.55
Total Cash Available $ 235,952.38
OeducC
Budgeted Caeh Expenditures (Statement 6) $ 156,071.41
Amount Expended for Water Sya tem Appropr ie [Lone 13.450.00 169.521.41
Cash Balance at December 31. 1960 $ 66.430.97
STATEMENT 2
TYMN AMO Y[[II - CGTIIIfC
CITY OF ATLANIIC BEACH, PLORIDA
GENERAL PUND
TAXES RECEIVABLE
December 31. 1960
Year Assessed Amount
1960 $ 11,950.04
1959 972.41
1958 381.44
1957 234.79
1956 361.66
1955 and Prior 486.14
Old Seawall Levy 76.93
Totsl S 14.465.41
PAVING ASSESSMENTS RECEIVABLE
December 31. 1960
Year Assessed Amoun[
1955 $ 67.50
1952 150.00
1951 50.00
'io tal S 267.SD
STATEMENT 3
rrww wNO rtss -catrincu •u~ue weeouxrwwra
CITY OP ATLANTIC BEACH, FLORIDA
GENERAL FUND
DUE PROM OTHER PUNDS
December 31. 1960
Due from Water Opera[Lone, Maintenance end Repair Accoun[
Due from Emergency Seawall Pund
Total
STATEMENL 4
$ 43.27
2.495.81
TYaOM AMD MaO[ - C[Rr1 SIN
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CITY OF ATLANTIC BEACN, PLORIDA
GENERAL FUND
REVENUE RECEIPTS
ESTIMATED AND ACTUAL
1960
Eatima [ed Realized Under Budget Over Budget
Account Revenue Revenue Es[ima to Estimate
101 Ad Valorem Taxes - Curren[ Year $ 35,066.36 $ 33,659.37 $ 1,406.99 $ -0-
302 Ad Valorem Taxes -Prior Years 15,117.98 17,692.94 -0- 2,574.96
103 Licenses 12,500.00 14,446.50 -0- 1,946.50
104 Fines and Porfei[ur es 28,500.00 33,582.75 -0- 5,082,75
105 Permits 4,500.00 11,322.05 -0- 6,822.05
106 Electrical Franchise 5,000.00 5,591.50 -0- 591.50
107 Garbage Collec [Lon 13,500.00 7,912,49 5,587,51 -0-
108 Street Paving Aeaeeamen to 1,825.00 160.50 1,664.50 -0-
109 Lo[ Clearing 1,500.00 272.00 1,228.00 -0-
110 Penalties and In cereat 250.00 545.94 -0- 295.94
111 Miscellaneous - Collections 750.00 1,155.39 -0- 405.39
112 Sewer Service Charges 20,500.00 21,017.90 -0- 517.90
113 Rad to Service 1,200.00 1,200.00 -C- -0-
114 Transfer from Na ter O.M. fi R. Account 13,450.00 13,450.00 -0- -0-
115 Transfer from Nater Revenue Account 11,145.24 17.652.18 -0- 6.506.94
Total S 164.804.sa 179.661.5 S 9.887.00 S 24.743.93
STATEIfl;NT 5
CLTY OP ATLANTIC BEACN, FIARIDA
GENERAL FUND
APPROPRIATIONS AND EXPENDITORES
1960
Account
ADMINISTRATION:
201 Personnel
202 Insurance
203 Office Supplies and Expense
204 CL[y Nell Repa Lra
205 Audit
206 O.A.S.I. and Expense
207 Office Ut111t1es
208 Tax Assessor
209 Advertising
210 Mayor's Pund
211 Election Expense
230 Miscellaneous
Total
Less: Amount Chargeable to Na ter System
Original Au [hori2ed Adjusted Caeh
Av vrovriation Chanytes Av wria [ion Ex vandttures
$ 18,000.00 $ 1,975.00 $ 19,975.00 $ 15,944.33
6,800.00 291.00 7,091.00 7,090.49
2,500.00 105.00 2,605.00 2,603.22
500.00 -0- 500.00 492.60
1,000.00 -0- 1,000.00 1,000.00
2,500.00 -0- 2,500.00 2,377.94
500.00 (100.00) 400.00 394.18
300.00 -0- 300.00 300.00
65D.00 -0- 650.00 605.76
400.00 978.00 1,378.00 1, 377.6~i
250.00 (250.00) -0- -0-
1.900.00 (150.00) 1.750.00 1,746.97
$ 35,300,00 $ 2,849.00 $ 38,149.00 $ 37,933.13
6.250.00 -0- 6.250.00 6.250.00
Total - Adm£nie[ra [ion
PUBLIC SAPETY•
301 Personnel
302 Uniforms
303 Supplies
304 Traffic Signs
305 Red Croae Life Saving Corps
306 Jail - Meals and Supplies
307 Utilities
308 Building Maintenance
330 Miscel laneoua
Total - Public Safety
$ 29.050,00 $ 2.849,00 $ 31.899.00 $ 31.683.13
$ 25,660,00 $ 135.00 $ 25,795.00 $ 25,896.04
900.00 3,00 903.00 902.25
600.00 (15.00) 585,00 542.57
200,00 1,00 201,00 200.41
100.00 -0- 100.00 100.00
450.00 68.00 518.00 517.6fi
1,400.00 120.00 1,520.00 1,484.62
200.00 15.OG 215,00 213.81
1.500.00 35.00 1.535.00 1.534.11
S 31.010.00 $ 362.00 $ 31.372.00 $ 31.391,47
STATEI~@NT 6 - PAGE 1
naoa u,v r[u - eurviav ~uauc wceouxrsrm
CITY OP ATLANTIC BRACH, PLORIDA
GENERAL FUND
APPROPRIATIONS AND EXPENDITURES
1960
Account
TRANSPORTATION'
401 Gasoline and Oil
402 Maintenance and Tires
Total
Less: Amount Chargeable to Water System
Original Authorized Ad~ueted Caeh
Appropriation Chances Appropriation Expenditures
$ 4,500.00 $ 2,250.00 $ 6,750.00 $ 6,673.99
5 500.00 750.00 6.250.00 6.124.55
$ 10,000.00 $ 3,000.00 $ 13,000.00 $ 12,798.54
600.00 -0- 600.00 600.00
Total - Transports [ion
$ 9 400.00 $ 3.000.00 $ 12.400.00 $ 12.198.54
SANITARY DEPARTMENT:
501 Personnel $ 15,678.00 $ (500.00) $ 15,178.00 $ 15,008.40
502 Garbage Disposal 1,100.00 -0- 1,100.00 1,100,04
503 Miecellaneoua 200.00 -0- 200.00 19'+.87
Total - Sanitary Department $ 16,978.00 S (500.00) $ 16.478.00 ~ 16.303.31
LABOR'
601 Personnel S 16,815.90 $ (1,075.00) $ 15,740.80 $ 15,443.85
Less: Amount Chargeable to Water Sye tam 6,000.00 -0- 6.000.00 6,000.00
Total - Labor S 10.815.80 $ (1,075.00) $ 9,140.60 S 9,443.85
PUBLIC WORKS
701 Tools and Supplies $ 500.00 $ 33.00 $ 533.00 $ 532.89
702 Uti litfes 100.00 -0- 100.00 15.56
703 Street Repair Materiel 1,000.00 50,00 1,050.00 1,047.40
704 Beach and Street Ends 400.00 (200.OOj 200.00 174.86
705 Drainage 2,000.00 (545.00) 1,455,00 317.71
706 Grading Streets 300.00 (150.00) 150.00 108.00
707 Scree[ Light Bulbs 200.00 -0- 200.00 132.11
708 Btreet Resurfacing 8,000.00 3,109.95 11,109.95 11,109.95
709 Scree[ Paving 2,750.00 -0- 2,750.00 -0-
730 Miecellaneoua 300.00 -0- 300.00 296.72
Total - Public Works $ 15.550.00 S 2.297.95 S 17,847.95 $ 13,735.20
STATEMENT 6 - PAGE 2
ryWa AND YtgL ~ Cgl1I1[D N~LID ACCOYMAM1f
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GENERAL PUND
APPROPRIATIONS AND EXPENDITURES
1960
Account
SEWER DEPARTMENT:
801 Repairs and Maintenance
802 Plant Maintenance
803 Utilities
804 Chlorine
806 Transfer to Sewer Pund
830 Miscellaneous
Original Authorized Ad~uated Caeh
Appropriation Chanaee App ropriation Expenditures
$ 300.00 $ -0- $ 300.00 $ 126.76
250.00 -0- 250,00 154.61
1,500.00 -D- 1,500.00 1,492.03
450.00 400.00 850.00 918.61
11,615.00 -0- 11,615,00 11,615.00
500.00 (335.00) 165.00 161.30
Total - Sewer Depar [went
PARKS, BRAUTIFICAT ION AND RECREATION:
901 Yer sonnel
902 Recreation Supplies
903 Tools and Supplies
904 Lot Clearing
930 Miscellaneous
Total - Parks. Beautifica[lon and
Recreation
S 14,615.00 $ 65.00 $ 14,680.00 $ 14,468.31
$ 4,654,00 $ -0- $ 4,654,00 $ 4,449.76
500,00 -0- 500.00 499.75
500.00 (400.00) 100.00 83.34
1,000.00 (1,000.00) -0- -0-
250.00 -0- 250.00 17.70
$ 6,904.00 $ (1,400.00) $ 5,504.00 $ 5,050.55
CAPITAL EXPENDITURES EQUIPMENT:
1002 Administration $ 1,900.00 $ (212.00) $ 1,688.00 $ 1,584.83
1003 Pub llc Safety 19,500.00 212,00 19,712.00 19,711.11
1007 Public Works 1.000.00 -0- 1,000.00 729.58
Total $ 22,400.00 $ -0- $ 22,400.00 $ 22,025.52
Less? Amoun[ Chargeable tp Water System 600.00 -0- 600.00 600.00
Total - CapLtal Ex pendi [urea Eauipmen[ S 21,800.00 ,{ -0- ~ 21,800.00 $ 21.425.52
CAPITAL IMPROVEMENTS:
1011 Street Ligh to ~ 1.000,00 $ -0- S 1.000,00 $ -0-
1050 Unelloca tad panda $ 6.000.00 S (5,596.95) S 401,05 $ 371.53
GRAND TOTAL - ALL DEPARTMENTS S 163.122.80 S -0- $ 163.122.80 S 156.071.41
STATEMENT 6 - PAGE 3
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CITY OF ATLANCIC BEACH, PIARIDA
GENERAL FUND
STATEMENT OP CHANGES IN FUND BALANCE
For the Yeax Ended December 31. 1960
Balance at January 1. 1960 $ 77,306.27
Add Ltiona for Year
1960 Ad Valorem Tax Asaesemente Uncollected
at end of year $ 11,950.04
Decrease Sn Accounts Payable 851.42
Surplus transferable from Na [ar OparatLOne
Ma in tenants end Repair Account 43.27
To [al Additions 12.844.73
$ 90,151.00
Deductions for Year
Excess of Appropr is cion Expenditures
over CurrenC Revenue Recefpta 7.739.32
Balance at December 31, 1960 S 82.411.68
STATEMENT 7
lY/ON AND NitK ~ EATIII[D /Y/UC AECOYNTANT/
CITY OF ATLANTIC BEACH, PLORIDA
SPECIAL SEAHALL EMERGENCY FUND
BALANCE SHEET
December 31. 1960
ASSETS
Assessments Due Prom Abutting Property Owners (Statement 9)
Funds Co Be Provided
Total Asse is
LIABILITIES
Due General Pund
Note - No activity 1n this fund during 1960.
STATEMENT 8
s a,zz7.o4
268.77
S 2.495.81
rY/ON ANO Mf0[ ~ COITIIItO ~a~L1C ACCOUNTANry
CITY OF ATLANTIC BEACH, FLORIDA
SPECIAL SEAWALL EMERGENCY FUND
DELINQUENT SEAWALL EMERGENCY ASSESS[~NTS
December 31. 1960
Sandbagging
and
Proper [v OYner Rio-Raaoin¢ Tie-Backe To [al
Clifford A. Payne $ 180.80 $ 86.50 $ 267.30
Leila J. PeloC 180.80 86.50 267.30
Glover Weiss 180.80 86.15 266.95
Drevey Stynchomb 75.85 334.54 410.39
P. H. Clarkson 150.85 33.60 184.45
Anne R. Rodgers 30.80 268.90 299.70
R. S. Tovera 150.85 33.60 184.45
Daughtry Tovere 150.85 22.40 173.25
Ray Willis 150.85 22.40 173.25
Total $ 1.252.45 S 974.59 S 2.227.04
STATEMENT 9
T1WN AND Y[fl[ - COIT III[O N~LIC [fLfl4.n~M~
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WATER UTILITY FUNDS
ORDINANCE REpUIRENENTS: I[ appears that all of the requirements of Ord Lnance No.
172, Section 17, covering [he transfers of "Water UtLlitiee" Funde have been ful-
filled as of December 31, 1960.
ACCOUNTS RECEIVABLE: Accoun to Receivables are no[ reflec [ed Sn Chia report as
eater rental revenues are recorded on a cash basis.
PIKED ASSETS; No reserve for depreciation on fixed assets of the Water Utility
Funde is shown as the City has no es[ab liahed deprecLa [Lon data. The transfer
from the Water Revenue Account to the Water System Renewal and Replacement Fund Le
based on a percentage of gross water revenues, and is not a depreciation expense
amount based on established deprec le [LOn data.
OPERATIONS; The folloving ie a condensed summary of Water UtLlitiee Operations
presented on a cash basis For the years 1960 and 1959:
C O M M E N T S
Percen [age
of
Increase Increase
1960 1959 (Decrease) (Decrease)
Opera[in¢ Income:
Water Ren tale $ 29,030.43 $ 24,883.96 $ 4,146.47 16.6 7.
Cut-In end Service 6.017.00 3.048.00 2.969.00 97.4
Total Opera tine Income $ 35.047.43 $ 27.931
96 $ 7
115
47 25
5 X
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Opera tine Exnensee:
Indirect - To General
Fund $ 13,450.00 $ 11,800.00 $ 1,650.00 14.0 7.
Direct 4.506.73 5.547.15 (1.040.42) (18,7)
Total Opera tines
Expenses
Net Opera tine Income
Other Income:
Cigarette Tex
Utility Tax
Total Other Income
S 17.956.73 $ 17.347.15 $ 609.58
S 17.090.70 $ 10,584.61 $ 6.505.89
S 20,756.87 $ 18,334.93 $ 2,421.94
17.725.01 15.730.40 1.994.61
S 38.481.88 $ 34.065.33 S 4.416.55
7.5 7.
61.5 7.
13,2 9.
12,7
13,0 X
Ocher Exoenees:
Bond Interest end
Other Cher gee S 7.592.10 $ 7.770.95 $ (178.85) (,02) Z
Net Income S 47.980.48 S 36.879.19 S 11.101.2 30.1 Z
rrsow wsp rtu - em,nm .u., ,~ .~..,........-.
CITY OF ATLANTIC BEACH, PLORIDA
WATER REVENUE ACCOUITT
BALANCE SHEET
December 31. 1960
ASSETS
None
LIABILITIES
None
STATEMENT M-1
TY10N AMD Y[b[-CATI[I[O HIIIIC ACfAUYfANT1
CITY OF ATLANTIC BEACH, FLORIDA
WATER REVENUE ACCOUNT
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS
1960
Cesh Ln Bank at January 1, 1960
Add: Caeh Received:
Revenue Receipts (S to Cement 3)
Total
Deduct: Cash Disbursed:
Appropriation Expenditures (S Ca Cement 3)
Due General Pund s[ December 31, 1959
Caeh in Bank at December 31. 1960
$ 22,374.69
73.529.31
$ 95,904,00
$ 73,529.31
22,374.69 95.904,00
-0-
STATEt~NT W-2
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CZTY OF ATLANTIC BEACH, FIARIDA
WATER REVENUE ACCOUNT
STATEMENT OF REVENUE RECEIPTS
1960
Eatima tad Percentage
Por Year Realized Realized
Minimum Water Rentals $ 18r500.00 $ 20,514.00 110.9 R
Excess We ter Rental 6,000.00 8,516.43 141.9
Cot-In Charges 2,050.00 5,973.00 291.4
Service Charges 50.00 44.00 88.0
Cigarette Tax 17,000.00 20,756.87 122.1
Utility Tax 16.000.00 17.725.01 110,8
Totals S 59.600.00 S 73.529.31 123.3 X
APPROPRIATIONS AND EEPENDITURES
1960
Transfers and Expenditures
Band PrincLpal
In tereet - Current year
In tereet - Sinking Pund
To Water System Renewal and
Replacement Pund
To Water Operations Main tenence end
Repair Pund
To General Pund
To[als
Appropriations Caeh Percentage
Far Year Exoendi CUres Exaended
$ 6,000.00 $ 6,000.00 100.0 7.
7,330.90 7,330.90 100.0
2,656.50 2,656.50 100.0
21,467.36 21,889.73 102.0
18,000.00 18,000.00 100.0
4.145.24
59.600.00 17.652.18
5 73.529.31 425.9
123.4 A
STATEMENT W-3
rrww wno waex - caar,r,eo runro •cewkrwwra
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CITY OF ATLANTIC BEACH, PIARIDA
NATER OPERATIONS, MAINTENANCE AND REPAIR ACCOUNT
BALANCE SHEET
December 31. 1960
ASSETS
Caeh Ln A[lan tLc National Bank
LIABILITIES
Due Cenera! Fund
STATEl~NT N-4
.J
iYbN NIO M[[K - Ct11r111[p ~aIILIC ACCOYMIWT[
CITY OF ATIANTIC BEACH, FIARIDA
WATER OPERATIONS, MAINTENANCE AND REPAIR ACCOUNT
STATEMENT OF CASH RECEIPTS AND DISBURSEt~NTS
1960
Cash Ln Bank a[ January 1, 1960
Add; Cash Received (Transferred from Water
Revenue Accoun [)
Total Ceah AvaLlable
Deduce Cash Diebutaed
Appropriation Expenditur ea (Statement W-6)
Due General Pund at December 31, 1959 end
Transferred in 1960
Cash Ln Atlantic National Bank at December 31. 1960
STATE!ffiNT W-S
$ 652.85
18.000.00
S 18,652.85
$ 17,956.73
652.85 18.609.58
S 43.27
fY10N AND NaIX-COlil/1[D rylaLtC M1CDWNTANTf
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CITY OP ATLANTIC BEACH, PLORIDA
HATER OPERATIONS, MAINTENANCE AND REPAIR ACCOUNT
APPROPRIATIONS AND E%PENDITURES
1960
Indirect Coss -Paid [o General Fund
Administration
Transportation
Labor
Capital Budget
Total
DLrect Coats
Repair and He Ln tenants
U[L1l ties
Chlorine
Miscellaneous
Total
Grand To tel
Cash Percen [age
Avvrovr la [ions Exvenditures Exvended
$ 6,250.00 $ 6,250.00 100.0 7.
600.00 600.00 100.0
6,000.00 6,000.00 100.0
600.00 600.00 100.0
$ 13,450.00 S 13.450.00 100.0 ~
$ 1,900.00 $ 1,863.08 98.1 7.
2,060.00 2,056.59 100.0
363.00 362.07 99.7
227.00 224.99 99.1
8 4,550.00 S 4.506.73 99.0 9.
S 18.000.00 S 17.956.73 99.7 9.
STATEMENT H-6
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CITY OF ATLANTIC BEACH, PLORIDA
WATER SYSTEM REN@WAL AND REPLACEMENT FUND
BALANCE SHEET
1960
ASSETS
Caeh in Atlantic Na Lionel Bank (Statement 8)
FUDD BALANCE
Pund Balance
STATEMENT N-7
3 453.48
i~wn nnu n~.n - currnm rv~uc wccouhtera~
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CITY OF ATLANTIC BEACH, FLORIDA
WATER SYSTEM RENEWAL AND REPLACEMENT FUND
STATEMENT OP CASH RECEIPTS AND DISBURSEMENTS
1960
Cash in Bank at ]enuarv 1, 1960 S 927.75
Add: Cash Received
Transfers from Na ter Revenue Account 21.889.73
Total Caeh Available $ 22,817.48
Deduct: Cash Disbursed
Appropriation Expendf [urea (Statement N-9) 22.364.00
Cash in Atlantic National Bank at December 31. 1960 S 453.48
STATEMENT W-8
~YaL,C
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CITY OP ATLANTIC BEACH, FLORIDA
WATER SYSTEM RENEWAL AND REPLACEMENT PUND
REVENUE RECEIPTS ESTIMATED AND ACTUAL
1960
Estimated Realized To Percentage
For Year Date Rea lLzed
Transfers from Water Revenue Account
SX of Groea Water Revenue $ 1,608.00 $ 1,752.37 108.9 %
Balance from Previous Year 754.64 927.75 122.9
Transfer from Water Revenue Account 13.137.36 20.137.36 153.3
To [al Revenue S 15.500.00 S 22.817.48 147.2 7.
APPROPRIATIONS AND EXPENDITUREB
Appropr La Lion Ex Pend itures Percentage
Por Year To Date Expended
Nev Maine, Service, and Meters $ 9,000.00 $ 9,277.26 103.1 R
New 8" Mein - Mayport Road 13.137.36 13.066.74 99.6
To [al Ex Dended 22.137.36 S 22.364.00 101.02 Z
STATEt~NT W-9
TION AMD Miix - CmIT1IlaD NaLIC ACCgINTaNIa
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CITY OF ATLANTIC BEACH, FLORIDA
UTILITY REVENUE BOND .FUND
BALANCE SHEET
December 31, 1960
ASSETS
Cash in Atlantic National Bank (S [a cement W-11)
Fixed Aese is -Water Svetem (1)
Water System Construc [ed since May 1, 1955 from
Proceeds of Bond Issue
New Mains, Service and Meters added from
revenue of aye Cem
Total Assets
LIABILITIES AND FUND BALANCB
Utility Revenue Bonds Peyab le
Fund Balance
Amount Invested in Fixed Aseete
Ceeh - Ree Cr itted
Total Liabilities and Pund Balance
$ 27,112.18
$ 230,962,16
18.216.75 249. 176.91
S 276. 291.09
$ 221,000.00
$ 28,178.91
27.112.18 55.291.09
S 276.291.09
(1) No accumulation of depreciation on the fixed assets of the we ter
eye tam is shown since the City has nos developed eatabliehed
deprecie tion da [a. Trait afar from the 'Water Revenue" account to
[he 'Water Sya cam Renewal and Replacement" Pund is based on a
percentage of gross water revenue and cannot be considered a
deprecfa tLon expense amount based on eatabliehed depreciation
data.
STATEMENT W-10
WO M[[Y ~ CGiI Ii[Y
CITY OP ATLANTIC BEACH, FLORIDA
UTILITY REVENUE BOND PUND
STATE[~NT OF CAEN RECEIPTS AND DISBURSEMENTS
1960
Caeh Ln Bank at Januerv 1. 1960
Add: Caeh Received
Transfer from Wa [er Revenue Accoun[ for Current
and Sinking Pund Requirements
Total Cash Available
Deduc[: Caeh Disbursed
Bond Princlpel Paid
In [Brest and Paying Agent's Char gea
Cash Ln Benk at December 31. 1960
STATEMENT W-11
$ 24,716.88
15.987.40
$ 40,704.28
$ 6,000.00
7.592.10 13.592.10
S 27.112.18
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CITY OF pTLANLLC BEACN, FLORIDA
SEWER FUND
BAIANCB SNEET
December 31. 1960
ASSETS
Cash Ln Piret National Beach Bank
Ca eh in Pederal Savings and Loan Asaocia[iona
Uncollected Special Aeaeasmente
Sever Construction Cos to (Statement S-3)
Uncollected Selva Marina Tap Pees
Lees: Amount due Selva Marina Realcy Company
Total Aasete
LIABILITIES AND POND BALANCE
General Obligation Bonds Payable
Pund Balance:
Government Grant
Special Aeaesamen is
Revolving Pund
Total Liabilities and Fund Balance
STATEMENT S-1
$ 35,420.36
20,400.00
56,710.02
539,252.77
$ 3,750.00
2.427.90 1.322.10
S 653.105.25
$ 300,000.00
$ 67,093.29
250,838.93
35.173.03 _ 353.105.25
653.105.25
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CITY OF ATLANTIC REACH, PIARIDA
SEWER FUND
CASN RECEIPTS AND DISBURSEMENTS
1960
Caeh Balance at Januerv 1, 1960
Add: Cash Received
Prom General Pund, Ad Valorem Tax Assessments
Collections on Sewer Aeeesamente
Interest on Sewer Assessments
In tereet on Sevinge Accounts
Collections on Salve Marina Tap Pees
Total Caeh Rece Sued
Total Ceeh Available
Deduct: Ceeh DSsbureed
Sewer Construction (S to Cement S-3)
Bond In tereet
Tap Pees paid to Selva Haring Realty Company
Total Caeh Dfebux eed
Caeh Balance et December 31. 1960
Comvosl [Son of Caeh Balance at December 31. 1960:
Caeh Sn Piret National Beach Benk •• Checking Account
Beach Pederal Sevinge and Loan Aeeocie tion
First Federal Sevinge acd Loan Aeeocie tion
Total
STATEMENT S-2
$ 47,960.85
$ 11,615.00
56,585.97
270.08
800.00
3.250.00
72.521.05
$ 120,481.90
$ 49,512.39
11,615.00
3.534.15
64.661.54
8 55,820.36
$ 35,420.36
10,200.00
10.200.00
S 15.820.36
TWa AryD Ml[a- CCIt111[D IY/LIC ACCOUNTANx/
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CITY OF ATLANTIC BEACH, FLORIDA
SEWER FUND
SEWER CONSTRUCTION COSTS
December 31, 1960
Cons trot [Son Con [reds
Sever Plan[ -William S. Smith Co
Lift Station - Henry G. Dupree Co
Force Mains -Joe Reiner tsor. of
.7acksonville
Collection Sye[em - Reiner[son
Sewage Pumping Sta tLon "E" -
Reirertsnn
Sub-To tale
Other Coats
Engineering, Inapec tion and
Other Pees
Legal Cost, Advertising, Etc.
Adman is tra [Lon, in clud£rg Fiscal
Agents charges
Repayment of Advance Planrtng Loan
In terse[ During Cons [ructior.
Laboratory Equipment
Ocher
Total Other Costa
Grand Total
Amount Total
Expended Amount Expended
Prfoz To Expended Through
1960 1960 1960
$ 111,828.00 $ -0- $ 111,828.00
51,243.88 -0- 51,243.88
56,643:57 -0- 56,643.57
222,367.05 24,409.67 246,776.72
0 22 000.00 21000.00
S 442,082.50 546 409,67$ 488,492.17
$ 21,1.09.02 $ 3,102.72 $ 24,211.74
146.09 -0- 146.09
4,624./8 -0- 4,624.78
5,900.00 -0- 5,900.00
14,223.81 -0- 14,223.81
1,205.56 -0- 1,205.56
448.62 -0- 448.62
S 47,657.88 ~
S 489.740.38 S 3,102.72
49.512.39 '$~ 50,760.60
$.539.252.7]
STATEMENT S-3
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CITY OP ATLANTIC BEACH, FLORIDA
EELVA MARINA SEWER FUND
BALANCE SHEET
December 31, 1960
ASSETS
Cesh in Beach Hank
Due From General Fund
Cona[ructLOn Coet
Total Aasete
LIABILITIES
Due to Selves Herina Realty Company
Cet CLficates of Indeb cedneea - Selves Marina Realty Company
Total Liabilities
STATE!leNT S-4
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$ 5.41
49.50
26.797.13
S 26.852.04
$ 49.50
26.802.54
S 26.852.04
CITY OF ATLANTIC BEACH, FLORIDA
SELVA MARINA SEWER FUND
CASH RECEIPTS AND DISBURSEMENTS
1960
Cash Ln Bank at January 1. 1960
Cash Received
Cash Disbursed
Cash in Bsnk at December 31. 1960
STATEMENT S-5
$ 5.41
-0-
-0-
S 5.41
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