FY 1964 Audit Report
MAYOR
COUNCILMEN
CITY CLERK
ATTORNEY
ENGINEERS
AUDITORS
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,..
AUDIT REPORT
OCTOBER 31. 1964
CITY OF EDGEWATER. FLORIDA
Dana T. Armstrong
Carl A. Siller
Earl L. Tingle
William H. Cairnie
B. R. R1dgdill
Helen W. Jones
W. D. Mathas
Briley-Wild & Associates
Genter and Batten
I N DE X
OCTOBER 3i. 1964
CITY OF EDGEWATER. FLORIDA
DESCRIptION
PAGE
NUMBER
EXHIBIT " A "
EXHIBIT "B"
SCHEDULE "B-1"
SCHEDULE "B-2"
EXHIBIT " C "
EXHIBIT " D "
EXlUBIT II E "
EXHIBIT " F "
EXHIBIT " G "
EXHIBIT "B"
EXHIBIT "I"
EXHIB IT "J"
EXHIBIT " K II
EXHIBIT " L "
EXHIBIT "M"
i
.
..
Certificate
1
Cornnents
2-10
Consolidated Balance Sheet
11
Balance Sheet - General Fund
12
Tax Sale Certificates
13
Fixed Assets - General Fund
14
Cash Receipts and Disbursements -
General Fund
15-16
Estimated Revenue - General Fund
17
Budget Appropriations - General Fund
18-20
Consolidated Balance Sheet -
All Water Funds - October 31, 1964
21
Consolidated Balance Sheet -
All Water Funds - October 31, 1963
22
Balance Sheet - Water System Revenue Fund
23
Cash Receipts and Disbursements -
Water System Revenue Fund
24
Estimated Revenue and Budget Appropriations -
Water System Revenue Fund
25
Balance Sheet -
Operations, Maintenance and Repair Fund
26
Cash Receipts and Disbursements -
Operation, Maintenance and Repair Fund
27
Estimated Revenue and Budget Appropriations -
Operation, Maintenance and Repair Fund
28
"
INDEX
OCT~ER 31. 1964
CITY OF EDGEWATER. FLORIDA
EXHIBIT "N"
DESCRIPTION
PAGE
NUMBER
EXHIBIT "0"
EXHIBIT "P"
EXHIBIT "Q"
EXHIB IT "R"
EXHIBIT "S"
EXHIBIT "T"
EXHIB IT "U"
EXHIB IT "V"
EXHIBIT "W"
EXHIBIT "X"
EXHIBIT "Y"
EXHIBIT "Z"
~
...
Balance Sheet -
Water Revenue Certificates Principal and
Interest Sinking Pund
29
Cash Receipts and Disbursements -
Water Revenue Certificates Principal and
Interest Sinking Pund
30
Estimated Revenue and Budget Appropriations -
Water Revenue Certificates Principal and
Interest Sinking Pund
31
Balance Sheet - Water System Reserve Account
32
Cash Receipts and Disbursements -
Water System Reserve Account
33
Estimated Revenue and Budget Appropriations -
Water System Reserve Fund
34
Balance Sheet - Depreciation Fund
35
Cash Receipts and Disbursements -
Depreciation Fund
36
Estimated Revenue and Budget Appropriations -
Depreciation Fund
37
38
Balance Sheet - Construction Fund
Cash Receipts and Disbursements -
Construction Fund
39
Income and Expense Statement
Water Fund
40
Cash Receipts and Disbursements -
Community Center Fund
41
GENTER AND BATTEN
CERTIFIED PUBLIC ACCOUNTANTS
11S\2 VOLUSIA AVENUE
DAYTONA BEACH. FLA.
.
MFMBERB
FRANK M. GENTER. C. P. A.
ALFRED E. BATTEN. C. P. A.
AME'RICAN INSTITUTE
TELEPHONE CL 2-6101
AND FLORIDA INSTITUTE OF
CERTIFIED PUBLIC ACCOUNTANTS
AMERICAN ACCOU.....T1NG ASSOCIATION
December 1. 1964
To The
Honorable Mayor and City Council
City of Edgewater. Florida
Gentlemen:
We have examined the balance sheet of the City of Edgewater,
Florida, as of October 31, 1964, and the related statements of income and
surplus for the year then ended. Our examination was made in accordance
with generally accepted auditing standards and accordingly included such
tests of tbe accounting records and such other supporting evidence as
deemed appropriate in the circumstances.
In our opinion, tbe accompanying balance sbeet and related
statements of income and surplus present fairly the financial position
of tbe City of Edgewater, Florida, at October 31, 1964, and the results
of its operations for the year then ended, in accordance witb generally
accepted accounting principles applied on a basis consistent with that
of the preceding year.
Respectfully submitted,
GENTER AND BATTEN
EC:kh
B/hAiJf 111 (fr~
C. P. A.
i
2
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COMMENTS
Our comments on the items in th~ Consolidated Balance Sheet.
Exhibit "A", follow in the order of their appearance therein:
ASS E T S
CASH ON HAND AND IN BANKS - $114.252.85
Cash on hand was verified by actual count. The bank accounts
were verified by reconciling the balances shown on the books with those shown
on the bank statements and by direct correspondence with the depositories.
To guarantee accounts of the City in excess of $10,000.00, the
Bank of New Smyrna has placed $70,000.00 U. S. Treasury Bonds in escrow as
fo llows :
$10,000.00
$60,000.00
2 5/8%
3 7/8%
dated June 15, 1958
dated February 15, 1964
due February 15, 1965
due Augpst 13, 1965
RECEIVABLES - $4.459.51
The outstanding tax sale certificates total $791.13. These are
for taxes prior to 1951, at which time the County assumed all tax assessments
and collections. Lot cleaning liens in the amount of $105.05 from prior years
are still outstanding on the books. There was no change in these account:s during
the year.
There is $140.35 due to the General Fund from the Construction
Fund for reimbursement of expenses relative to the new sewer project.
The paving accounts receivable, in the amount of $757.00, are
amounts due from propert:y owners as their share of the street paving costs
i assessed by the City.
3
...
-
Mortgages Receivable, totaling $153.88. represent the last
installment due on the assessments for the 1960 paving and sidewalk and curb
~~ovements assessed against the property owr.~~s. These mortgages bear interest
at the rate of 6'7. per annum.
The Water Consumers' Accounts Receivable, in the amount of
$2,512.10, were cheeked in detail and found to be in balance with the general
ledger control.
INVESTMENTS - $35.819.76
These investments are made in accordance with the ordinance
covering the issuance of the Water Revenue Certificates:
Deoreciation Fund - U. S. Treasurv Bills
#5147143, due February 4, 1965 $ 1,000.00
#5147144, due February 4, 1965 1,000.00
#5147145, due February 4, 1965 1,000.00
#2771442, due February 4, 1965 5,000.00
#12046060, due February 4, 1965 10,000.00 $ 18,000.00
(These bills are being held by the
Bank of New Smyrna)
Reserve Account - U. S. Treasurv Bills
#12094462, due March 11, 1965 -
Face $10,000.00 9,815.50
(These bills are being held by the
Bank of New Smyrna)
Reserve Account - U. S. Treasurv Coupon Bonds
#2141 - 3 3/4%, due May 15, 1966 (Face $ 1,000.00)
#2096 - 3 3/4%, due May IS, 1966 (Face 1,000.00)
#2097 - 3 3/4'7., due May IS, 1966 (Face 1,000.00)
#2098 - 3 3/47., due May 15, 1966 (Face 1,000.00) 4,056.59
#29176 - 37., due August 15, 1966 (Face ~ 1,000.00)
#29102 - 37., due August 15, 1966 (Face 1,000.00)
#20112 - 3'7., due August 15, 1966 (Face 1,000.00)
#28061 - 3'7., due August IS, 1966 (Face 1,000.00) 3.947.61
(These bonds are being held in the safe depos it
box of the City)
TOTAL
$ 35,819.76
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4
. WORK IN PROGRESS - $643.902.89
This is the total cost of the new sewer project to date. When
the work is completed and the construction account closed, this asset will be
transferred to the books of the combined water and sewer system.
FIXED - $696.606.27
The fixed assets represent the capital assets of the City. A
reconciliation of the account is as follows:
Total Fixed Assets - October 31,
1963 $ 659,448.61
Ge!le~lal Fund
Furniture and Fixtures:
Shelves $ 22.00
Typewriter Table 24.95 $ 46.95
Equipment:
5000 gallon Storage Tank $ 492.52
3000 gallon Storage Tank
(2/3 Cost) 310.00
2 Pumps 372.28 1,174.80
Police Department Equipment:
Roll Belts $ 7.90
Fireball Light 46.35
1964 Ford, 4-Door 2,797.55 2,851.80
Street Department Equipment:
Case 530B Backhoe and Loader $ 9,300.00
Used Bantam Crane 5,000..00 14,300.00
City Barn Building 2,983.85
Municipal Code 5,171.51
Total General Fund Additions $ 26,528.91
Deduct:
Book Value of International
Harvester Truck Sold to
Water Department $ 2,699.90
Book Value of Ford Backhoe
and Loader Traded 8,366.00
Book Value of Police Car
Traded 4,296.97 15,362.87
NET ADDITIONS - GENERAL FUND 11,166.04
5
~ Water Fund
1965 International Harvester
Truck $ 2,586.00
Used International Harvester
Truck Purchased from
General Fund 600.00
Communications Equipment 538.50
3000 gallon Storage Tank
(113 Cost) 155.00
Line Extensions 22 . 712 .12
Total Water Fund Additions $ 26.591.62
Deduct:
Cost of Used International
Harvester Truck Traded 600.00
NET ADDITIONS - WATER FUND $ 25,991.62
TO~ FIXED - OCTOBER 31, 1964 $ 696,606.27
INVENTORY OF MATERIALS - $2.991.64
This inventory represents material and supplies of the water
department on hand at the end of the fiscal year. The inventory was taken by
the City employees and accepted by us without detailed verification.
METER DEPOSIT - $20.00
This deposit was made by the General Fund to the Water Fund to
guarantee payment of the water account.
L I A B I LIT I E SANDS U R P L U S
ACCOUNTS PAYABLE - UNRECORDED - $1.639.58
As the City operates on a cash basis, the accounts are not set
up on the books until approved by the City Council at open meeting and paid.
They are, however, set up on the balance sheet so that the fair financial position
of the City will be reflected by this audit.
6
NOTES PAYABLE - BANK OF NEW SMYRNA - $645.000 .QQ
During the year the City completed the arrangements for the
financing of the new sewer project by authorizing the issuance of $369,000.00
Waterworks and Sewer System Refunding and Improvement Bonds, Series "A", to re..
fund the now outstanding Water Revenue Certificates, and an additional $1,323,000.00
Waterworks and Sewer System Refunding and Improvement Bonds, Series "B", to pro-
vide for the cost of construction.
In order to proceed with the sewer project, the City adopted
Ordinance No. 409, later amended by Ordinance No. 416, authorizing borrowing
as an interim loan up to $900,000.00 from the Bank of New Smyrna.
These notes are payable on demand with interest at the rate of
2.95% per annum, and are secured by the proceeds of the bonds above mentioned.
The amounts borrowed, to date, under Ordinances No. 409 and No. 416 are as
follows:
July 9, 1964
August 7, 1964
September 14, 1964
October 7, 1964
TOTAL
$ 100,000.00
150,000.00
200,000.00
195.000.00
$ 645,000.00
The Bank of New Smyrna informs us that they are participating on
{.
a 10% basis in the amount of $64,500.00 and the Atlantic National Bank of
Jacksonville is participating on a 90% basis for the remaining $580,500.00.
NOTE PAYABLE .. MUNICIPAL CODE CORPORATION .. $3.836.51
This is a non-interest bearing note, payable in two equal annual
installments on May 10, 1965 and May 10, 1966, to complete payment for the codi-
fication of the City charter and ordinances.
7
ESCROW FOND - $2.800.00
These are st~eet paving funds advanced to the City by real estate
developers. This money is held in a savings account at the First Federal Savings
and Loan Association of New Smyrna and interest accruing on this account is re-
funded to the developers. Any excess of the amount deposited by the developers
over the actual cost of paving will be refunded.
SPECIAL LIBRARY ACCOUNT - $115.93
This account represents the surplus of contributions over expendi-
tures to date.
PAYROLL TAXES PAYABLE - $865.83
The above item represents income and social security taxes with-
beld from employees' wages and is due and payable in January. 1965.
PLAYGROUND ACCOUNT - $36.11
This amount is the unexpended balance of contributions to date.
BOND DEPOSIT - $200.00
This bond was posted on March 11. 1961 and is refundable if
claimed by tbe depositor within four years.
REFUNDABLE LINE EXTENSION DEPOSITS - $8.578.61
These are deposits made by water consumers to cover the cost of
extending water mains. They are refundable in the amounts and for the time speci-
fied. set forth in Ordinance No. 396 governing line extension agreements within
the City limits.
8
WATER REVENUE CERTIFICATES - $369.000.00
On March 3, 1958, the City passed a reso1tition authorizing the
issuance of $400,000.00 in Water Revenue Certificates, The purpose of the issue
was to provide for the acquisition, construction and establishment of a munici-
pal water works system. The certificates are dated February 1, 1958, in the
denomination of $1,000.00 each, numbered consecutively from 1 to 400 inclusive.
Said revenue certificates shall bear interest at the rate of 4 3/4 per cent per
annum or such lesser rate or rates as may be fixed by supplemental resolution or
ordinance adopted at the time of the same and award of the certificates, which
interest shall be evidenced by coupons attached to said certificates and shall
be payable August 1, 1958, and semi-annually thereafter on February I, and
August 1, of. each year, and said revenue certificates shall be scheduled to
become due and payable in numerical order on February 1, of the respective
years, as fo Hows :
MATURITY AMOUNT MATURITY AMOUNT
1965 $ 9,000.00 1977 $ 15,000.00
1966 9,000.00 1978 16,000.00
1967 10,000.00 1979 16,000.00
1968 10,000.00 1980 17,000.00
1969 10,000.00 1981 18,000.00
1970 11,000.00 1982 19,000.00
1971 11,000.00 1983 20,000.00
1972 12,000.00 1984 21,000.00
1973 12,000.00 1985 22,000.00
1974 13,000.00 1986 23,000.00
1975 14,000.00 1987 23,000.00
1976 14,000.00 1988 24.000.00
TOTAL $ 369.000.00
Under Ordinance No. 400 all of the above bonds will be refunded
by the Waterworks and Sewer System Refunding and Improvement Bonds, Series "A".
During the year, bonds numbered 24 through 31 were redeemed.
9
METER DEPOSITS - $11.904.50
These deposits were made by water consumers to guarantee payment
of their accounts. When the accounts are closed and the bills paid, they are
refundable to the consumer.
SURPLUS - $454.075.85
The surplus represents the excess of the City's assets over the
City's liabilities as shown on the balance sheet.
GENERAL
Exhibit "D", the Estimated Revenue Statement of the General
Fund, shows estimated collections of $146,095.00, actual collections of
$145,588.80, or an uncollected balance of $506.20. The Budget Appropriations
Statement of the General Fund, Exhibit "E", shows actual expenditures of
$120,856.70 against the budgeted amount of $146,095.00, leaving an unexpended
balance of $25,238.30. This unexpended balance of $25,238.30, less the $506.20
uncollected revenues, leaves a net collections in excess of expenditures of
$24,732.10.
Actual collections in the Water Revenue Fund totaled $78,283.72.
This includes $26,217.07 in Utility Taxes pledged for paYment of the Water
Revenue Certificates. Actual expenditures for all Water Funds totaled $69,235.17,
including capital improvements and bond retirement.
Exhibit "Y", the Income and Expense Statement of the Water Fund
shows a net income from operations of $33,403.92. This does not include income
from Utility Taxes or expenditures for bond interest and principal or capital
improvements.
10
The :City.has 1~099.water meters in '!peration at this time.
3/4 inch meters 1,074
1 inch meters 17
I 1/2 ,inch meters I
2 'inch meters 7
TOTAL 1,099
The General Fund has 83 fire hydrants for which it is paying the
Water Fund $50.00 each per year.
Insurance coverage on the water plant and equipment is as follows:
Insuror:
Agent:
Policy No.:
Period:
Coverage:
Glens Falls Insurance Co.
Al Kinsey, Inc..
F 21-12-66
December 19, 1963 to December .19:, 1964
Fire, Lightning, Extended Coverag~,
Vandalism and Malicious Mischief~
... .':.r"
Description of Property Covered:
Elevated steel water tank situated
N/S E. Park Avenue, Edgewater, Florida
AAA water treatment plant building situated
N/S E. Park Avenue, Edgewater, Florida
Machinery and equipment while contained in
the water treatment plant
ICM Pump House No. 1 situated approximately
two miles west of railroad at Edgewater
well field .. "
ICM Pump House No."2 situated approximately
two miles west of railroad at Edgewater
well field
Machinery and. Equipment while contained in
Pump House No. 1
Machinery and Eq~ipment while contained in
Pump House No. 2
$ 26,.00~.00
"" 9,25'0.00
.i6 ,,000.00
. . .....
.' ',. . ~ .
400..00
500.00
2,000.00
3,000.00
We have also prepared a statement o~ cash receipts and disburse-
ments of the Community 'Center Fund which is not a part o~ ,the" City 'records, and
.is shown in the report as Exhibit "Z".
We wish to take this opportunity to thank the City officials and .
employees for their cooperation'duriDg the preparat1.oiiof ihis' report"
C O.N SOL I D ATE D B .AL AN C E SHE E T
OCTOBER 319 12&~
CITY OF EDGEWATER. FLORIDA
ASS E T S
CASH ON HAND AND IN BANKS,
Cash on Hand
First Federal Savings and Loan
Association
Bank 0 f New Smyrna:
General Fund
Revenue Fund
Operation, Maintenance and
Repair.Fund
Sinking Fund
Reserve Account
Depreciation Fund
Construction Fund
RECEIVABLES
General Furid:.
Tax Sale Certificates -
Schedule "B-1" $
Lot Cleaning Liens
Sewer Project
Paving Accounts Receivable
Mortgages Receivable
Water Consumers. Accounts Receivable
INVESTMENTS
U. S. Government Bonds -
Reserve Account
u. S. Treasury Bills -
Depreciation Fund
WORK IN PROGRESS - CONSTRUCTION FUND
FIXED
General Fund ~ Schedule "B-2"
Water Fund - Exhibit "H"
INVENTORY OF MATERIALS
METER DEPOSITS
$ 3,234.73
2,800.00
$ 38,488.31
38,030.86
2,764.27
20,341.19
2,540.24
4,956.14
1. 097 .11 1089218.12 $ 114,252.85
791.13
105,;05
140.35
757.00
153.88 $
1,947.41
29512.10
4,459.51
$ 17,819.76
18.000..00 35,819.76
643,902.89
$ 263,823.56
432,782.71 696,606.27
2,991.64
20.00
TOTAL ASSETS
$ 1,498,052.92
11
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L I A B I LIT I E SANDS U R P L U S
ACCOUNTS PAYABLE - UNRECORDED
$
1,639.58
NOTES PAYABLE - BANK OF NEW SMYRNA
645,000.00
NOTE PAYABLE - MUNICIPAL CODE CORPORATION
3,836~51
ESCROW FUND
2,800.00
SPECIAL LIBRARY ACCOUNT
115.93
PAYROLL TAXES PAYABLE
865.83
PlAYGROUND ACCOUNT
36 .11
BOND DEPOSIT
REFUNDABLE LINE EXTENSION DEPOSITS
200.00
8,578.61
WATER REVENUE CERTIFICATES
369,000.00
METER DEPOSITS
11,904.50
SURPLUS
454,075.85
'IOTAL LIABILITIES AND SURPLUS
$ 1,498,052.92
EXHIBIT " A 1/
12
.
BALANCE SREET
OCTOBER 31. 1964
GENERAL FUND
CITY OF EDGEWATER. FLORIDA
ASS E T S
CASH ON HAND AND IN BANKS
Cash on Hand
Bank of New Smyrna
First Federal Savings and Loan
Association
$ 1,083.65
38,488.31
2,800.00 $ 42,371.96
RECEIVABLES
Tax Sale Certificates - Schedule liB-I"
Lot Cleaning Liens
Sewer Project
Paving Accounts Receivable
Mortgages Receivable
Trans fers - Water Fund
$ 791.13
105.05
140.35
757.00
153.88
2.126.75
4,074.16
FIXED - SCHEDULE "B-211
263,823.56
METER DEPOSIT
20.00
$ 310,289.68
TOTAL ASSETS
LIABILITIES AND SURPLUS
ACCOUNTS PAYABLE - UNRECORDED $ 1,447.04
NOTE PAYABLE - MUNICIPAL CODE CORPORATION 3,836.51
ESCROW FUNDS 2,800.00
SPECIAL LIBRARY ACCOUNT 115 .93
PIAYGROUND ACCOUNT 36.11
PAYROLL TAXES PAYABLE 750.8:'..
BOND DEPOSIT 200.00
SURPLUS
Surplus - November 1, 1963 $ 271,113.08
Add: Excess Income Over Expense $ 24,732.10
Net Fixed Assets Acquired 11.166.04 35.898.14
$ 307,011.22
Deduct: Collections and Adjustments on
Paving Accounts Receivable $ 428.58
Collections on Sidewalk and
Curb Mortgaies Receivable 153.86
Accounts Rece vable Collections 41.95
1964 Accounts Payable 1,447.04
To Record Note Payable 3.836.51 5,907.94
PRESENT SURPLUS 301.103.28
TOTAL LIABILITIES AND SURPWS $ 310.289.68
EXHIBIT liB"
13
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TAX SALE C E R T I FIe A T B S
OCTOBER 31. 1964
.CITY OF EDGEWATElR ~. FLORIDA
~EAR AMOUNT
.
1925 $ 41.57
1926 200.07
1927 137.00
1928 77 .54
1929 12 .92
1930 76.58
1931 12.44
1932 26.48
1933 133 .70
1934 2.62
1935 12.37
1936 2.74
1937 6.26
1938 4.67
1943 17.28
1944 12.64
1945 7.45
1946 1.43
1947 1.13
1949 1.31
1950 2.93
TOTAL $ 791.13
SCHEDULE " B-1 II
14
F I XED ASS E T S
OCTOBER 31. 1964
GENERAL FUND
CITY OF EDGEWATER. FLORIDA
Road Machinery
New City Hall
Furniture and Fixtures
Maps
Real Estate
Shell Streets
Street Paving
Strand Road Fill
Traffic Lights
Police Department Equipment
Small Tools
Fire Department Equipment
Street Signs
Street Department Equipment
Library and Chamber of Commerce
Library Fixtures
Community House
Community House Equipment
Municipal Park and Pier
Picnic Area
Communications System
Bridge
City Barn Building
Municipal Code
TOTAL
.
;
. .
$ 41,822.73
21,123.95
7,299.58
80.00
24,121.60
4,170.44
67,676.42
3,797.00
4,392.55
8,751.92
1,241. 76
17,254.51
2,825.97
8,073.29
5,000.00
--
-1,643.72
17,984.82
6,915.53
4,764.60
664.36
1,351.42
4,712 .03
2,983.85
5,171.51
$ 263,823.56
SCHEDULE II B-2 "
15
CASH RECEIPTS AND DISBURSEMENTS
GENERAL FUND
NOVEMBER 1. 1963 to OCTOBER 31. .1964
CITY OF EDGEWATER. FLORIDA
Balance per Audit - November 1, 1963 $ 14,791.13
RECEIPTS
Current Taxes $ 71,813.06
Bu~lding Permits 1,519.00
Electric Permits 784.95
Plumbing Permits 373 .00
Business Licenses 7,065.50
Occupational Permits 376.00
Beer, Wine and Liquor Licenses 1,883.50
Fines and Forfeitures 6,245.50
Refund on Sewer Project Expense
Prior to 1964 1,127.50
Sale of Shell 676.00
Rent 416.67
Miscellaneous Income 388 .17
Examination Fees 50.00
Paving 518.25
Cigarette Tax 11,530.97
Franchise Tax 17,456.38
Dog Tags 146.00
Garbage and Trash Collection 22,446.03
Sidewalk and Curb Mortgage;
Principal $ 153.86
Interest 18.46 172.32
Payroll Taxes Collected $ 7,826.85
Less: Payroll Taxes Paid 7.665.20 161.65
Sale of International Harvester Truck
to Water Department 600.00
TOTAL RECEIPTS 145,750.45
TOTAL TO BE ACCOUNTED FOR $ 160,541.58
DISBURSEMENTS
General Government Department $ 30,344.73
Street Department 33,079.23
Street Lights 6,491.46
Police Department 20,782.52
Fire Department 7,791.25
.
j
EXHIBIT " C " - Page 1
$ 360.50
499.00
300.00
1,300.00
967.26 $ 3,426.76
1,746.59
5,373..74
6,845.00
4,235.66
712.33
$ 1,397.49
1,257.14 140.35
$ 120,969.62
$ 39,571.96
CAS H R E C E I P T S .AND D I S BUR S E MEN T S
GENERAL FuNJ2
NOVEMBER 1. 1963 to OCTOBER 31. 1964
CITY OF EDGEWATER. FLORIDA
DISBURSEMENTS - CONTINUED
Emergencies and Contingencies:
Humane Society
Christmas Lights
Fireworks
Radio Operator
Other
Civil Defense
Drainage
Equipment Purchased
Library
Recreation
Sewer Project Expense
Less: Refunds
TOTAL DISBURSEMENTS
BALANCE TO BE ACCOUNTED FOR
ACCOUNTED FOR AS FOLLOWS:
Cash on Hand
Bank 0 f New Smyrna
$ 1,083.65
38.488.31
,
.
EXHmIT " C "
16
39.571.96
17
ESTIMATED REVENUE
NOVEMBER 1. 1963 to OCTOBER... 31. 1964
~ENERAL FUND
CITY OF EDGEWATER. FLORIDA
ESTIMATED
UNCOLLECTED
COLLECTED OVERCOLLECTED*
Taxes $ 70,000.00 $ 71,813.06 $ 1,813.06*
Building Permits 2,500.00 1,519.00 981.00
Electrical Permits 1,300.00 784.95 515.05
Plumbing Permits 800.00 373.00 427.00
Occupational Licenses 7,500.00 7,065.50 434.50
Occupational Permits 395.00 376.00 19.00
Beer, Wine and Liquor Licenses 1,725.00 1,883.50 158.50*
Fines and Forfeitures 13,150.00 6,245.50 6,904.50
Miscellaneous 860.00 3,430.66 2,570.66*
Paving Assessments 3,000.00 518.25 2,481. 75
Cigarette Tax 6,500.00 11,530.97 5,030.97*
Franchise Tax 18,215.00 17.456.38 758.62
Dog Tax 100.00 146.00 46 .00*
Lot Cleaning 50.00 -0- 50.00
Garbage and Trash 20,000.00 22,446.03 2,446.03*
TOTALS $ 146,095.00 $ 145,588.80 $ 506.20
TOTAL COLLECTIONS
LESS: TOTAL EXPENDITURES
$ 145,588.80
120,856.70
EXCESS COLLECTIONS OVER
EXPENDITURES
$ 24,732.10.
J
;;
EXHIBIT " D "
BUDGET APPROPRIATIONS
NOVEMBER 1. 1963 to OCTOBER 31. 1964
GENERAL FUND
CITY OF EDGEWATER, FLORIDA
ORIGINAL
APPROPRIATION
GENERAL GOVERNMENT
MayorJ Judge and Council
City Clerk .. .
Deputy, City Clerks' Salaries
Attorney
Elections
. . 'Office Expense
. 'Misce llaneous'
Auditor
Insurance
Building Official and Car Expense
Upkeep - City Hall .
Social Security - City Share
. Munic ipal Code
Me Gee - Planning Engineer
..TOTALS
$ 2,400.00
3,000.00
7,020.00
2~400.00
500.00
3,000.00
T~500.00
l,OOO~OO
6,000.00
3,000.00
2,000.00
2,500.00
l,335~00
1,625.00
$ 37,280.00
STREET DEPARTMENT ...GARBAGE AND TRASH
Salaries
Truck and Tractor Expense
Repairs
Miscellaneous and Dump Maintenance
TOTALS
$ 13,765.00
1,650.00
IJOOO.OO
400.00
$ ,16,815.00
ROAD MAINTENANCE
Salaries
Truck and Tractor Expense
Repairs
Miscellaneous
City Barn Building and New Equipment
TOTALS
$ 12,250.00
1,800.00
1,250.00
2,000.00
-0:-
$ 17,300.00
:
18
ORDINANCE
NO. 420
AMENDED
APPROPRIATION
EXPENDED
UNEXPENDED
OVEREXPENDED*
$ 2,400.00 $ 2,350.00 $ 50.00
3,000.00 2,831.27 168.73
$ (775.00) 6,245.00 4,792.24 1,452.76
2,400.00 2,970.17 570.17*
500.00 414.75 85.25
3,000..00 2,445.64 554.36
1,500.00 1,426.46 73.54
1,000.00 400.00 600.00
6,000.00 4,628.69 1,371.31
3,000.00 3,042.31 42.31*
2,000.00 1,379.85 620.15
2,500.00 2,232.82 267.18
1,335.00 1,430.53 95.53*
1,625.00 -0- 1,625.00
$ (775.00) $ 36,505.00 $ 30,344.73 $ 6,160.27
$ 13,765.00 $ 14,407.67 $ 642.67*
1,650.00 1,647.17 2.83
1,000.00 169.59 830.41
400.00 394.62 5.38
$ -0- $ 16,815.00 $ 16,619.05 $ 195.95
$ 12,250.00 $ 9,588.57 $ 2,661.43
1,800.00 1,279.14 520.86
1,250.00 159.46 1,090.54
2,000.00 922.60 1,077 .40
-0- 3.848.65 3.848.6~
$ -0- $ 17,300.00 $ 15,798.42 $ 1,501.58
EXHIBIT " E " - Page 1
BUDGET APPROPRIATIONS
NOVEMBER 1. 1963 to OCTOBER 31. 1964
GENERAL FUND
CITY OF EDGEWATER, FLORIDA
ORIGINAL
APPROPRIATION
STREET PAVING IMPROVEMENTS AND REPAIR
Material
. Surveying
Misce~laneous
TOTALS
MOSQUITO CONTROL
Salaries
.Tractor Expense
Miscellaneous
TOTALS
PARK MAINTENANCE
.Slllaries . .
Materials and Miscellaneous
TOTALS
STREET LIGHTS
POLICE DEPARTMENT
.Police Chief
Patrolmen
Gas, Oil and Repairs
Telephone
Radio Service
Supplies
Miscellaneous
Prisoner Fees
New Equipment
TOTALS
..
;
$
8,000.00
1,000.00
100.00
$
9,100.00
$
200.00
200.00
100.00
500.00
$
$
1,500.00
500.00
2,000.00
$
$
6,000.00
$ 5,100.00
10,800.00
3,000.00
200.00
200.00
1,000.00
700.00
100.00
1,800.00
$ 22,900.00
19
ORDINANCE
NO. 420
AMENDED
APPROPRIATION
EXPENDED
UNEXPENDED
OVEREXPENDED*
$ -0-
$ -0-
$ -0-
$ 500.00
$
8,000.00
1,000.00
100.00
$
165.30
-0-
-0-
$ 7,834.70
1,000.00
100.00
$ 8,934.70
$
200.00
200.00
100.00
$
9,100.00
$
165.30
$
500.00
$
200.00
200.00
100.00
$
-0-
-0-
-0-
$ 1,318.70
184.84
$ 1,503.54
$
8.54
$
500.00
$
-0-
$ 5,100.00 $ 4,576.50 $ 523.50
10,800.00 8,887.10 1,912.90
3,000.00 3,501.42 501.42*
200.00 140.76 59.24
200.00 265.98 65.98*
1,000.00 745.70 254.30
700.00 473.98 226.02
100.00 408.00 308.00*
1,800.00 1,783.08 16.92
$ -0- $ 22,900.00 $ 20,782.52 $ 2 , 117 .48
;
$
1,500.00
500.00
$
181. 30
315.16
496.46
$
2,000.00
$
. $ 6,491.46
EXHIBIT" E " - Page 2
$
6,500.00
BUD GET A P PRO P Rt A T to ~ s
NOVEMBER 1. 1963 to OCTOBER 31__ 1964
GENERAl FUND
CITY OF EDGEWATER. FLORIDA
......
ORIGINAL
APPROPRIATION
20
ORDINANCE
NO. 420
AMENDED
APPROPRIATION
EXPENDED
UNEXPENDED
OVEREXPENDED*
$ 1,800.00 $ 1,932.99 $ 132.99*
4,500.00 4,062.50 437.50
500.00 848.84 348.84*
-0- -0- -0-
100.00 35.99 64.01
200.00 148.21 51.79
1.000.00 762.72 237.28
$ -0- $ 8,100.00 $ 7,791.25 $ 308.75
$ -0- $ 5,000.00 $ 3,426.76 $ 1,573.24
$ -0- $ 2,200.00 $ 1,746.59 $ 453.41
$ 2,748.00 $ 2,505.00 $ 243.00
800.00 740.65 59.35
$ 275.00 72 7 .00 1,017 .44 290.44*
$ 275.00 $ 4,275.00 $ 4,263.09 $ 11.91
$ -0- $ 800.00 $ -0- $ 800.00
$ -0- $ 400.00 $ -0- $ 400.00
$ -0- $ 1,300.00 $ 712.33 $ 587.67
$ -0- $ 5,400.00 $ 5,373.74 $ 26.26
$ -0- $ 7,000.00 $ 6,845.00 $ 155.00
$ -0- $ 146,095.00 $ 120,856.70 $ 25,238.30
EXHIBIT liE"
21
CONSOLIDATED B A L A ~ 0 EJ.~ H E E T
ALL t~ATER FUNDS
OCTOBER 31. 1964
CITY OF EDGEWATER. FLORIDA
ASS E T S
22
f
CONSOLIDATED BALANCE SHEET
ALL WATER FUNDS
OCTOBER 31. 1963
CITY OF EDGEWATER.. FLORIDA
ASS E T S
CASH ON HAND AND IN BANKS
Cash on Hand
Bank 0 f New Smyrna:
Revenue Fund
Operation. Maintenance and Repair Fund
Sinking Fund
Reserve Account
Depreciation Fund
$
134 .51
$ 29.854.47
1,000.19
19,767.17
8,155.74
11.669.02
70,446.59 $
70,581.10
WATER CONSUMERS I ACCOUNTS RECEIVABLE
INVESTMENTS
U. S. Treasury Notes
U. S. Government Bonds
2.030.93
$ 18,000.00
8.004.26
26,004.26
406,791.09
2.275.31
$ 507.682.69
FIXED - EXHIB IT "H"
INVENTORY OF MATERIAL
TOTAL ASSETS
L I A B I LIT I E S AND SURPLUS
PAYROLL TAXES PAYABLE $ 93.15
METER DEPOSITS 10,580.30
WATER REVENUE CERTIFICATES 377 .000 .00
TRANSFERS - GENERAL FUND 2,126.75
LINE EXTENSION AGREEMENT DEPOSITS 1,776.38
SURPLUS
Surplus - November I, 1962 $ 87,558.61
Add: 1962 Accounts Payable $ 648.10
Net Income Over Expense 19~671.40
Adjustment to Inventory 228.00
Bonds Retired 8.000.00 28.547.50 116 . 106 .11
TOTAL LIABILITIES AND SURPWS $ 507,682.69
EXHIB IT " G "
BALANCE SHEET
..
OCTOBER 31. 1964
t~ATER SYSTEM REVENUE FU!'m.
CITY OF EDGEWATER. FLORIDA
ASS E T S
CASH ON RAND AND IN BANKS
Cash on Hand
Bank 0 f New Smyrna
WATER CONSUMERS t ACCOUNTS RECEIVABLE
FIXED
Water Plant and Distribution System
Line Extensions
Equipment
Bookkeeping Machine
1959 Chevrolet Truck
1965 International Harvester Truck
Communications Equipment
3,000 Gallon Storage Tank - 1/3 Cost
INVENTORY OF MATERIAL
TOTAL ASSETS
23
$ 2,151.08
38,030.86 $ 40,181.94
2,512.10
$ 380,094.80
43,361.63
886.22
2,750.00
2,410 .56
2,586.00
538.50
155.00 432,782.71
2,991.64
$ 478,468.39
L I A B I LIT I E SANDS U ~ P L U S
METER DEPOSITS
WATER REVENUE CERTIFICATES
TRANSFERS - GENERAL FUND
REFUNDABLE LINE EXTENSION DEPOSITS
SURPLUS
TOTAL LIABILITIES AND SURPLUS
EXHIBIT " H "
$ 11,904.50
369,000.00
2,126.75
8,578.61
86.858.53
$ 478,468.39
24
,
CAS H R E C E I P T S AND D I S BUR S E MEN T S
loJATER SYSTEM REVENUE !illml
NOVEMBER 1. 1963 to OCTOBER 31. 1964
CITY OF EDGEWATER. FLORIDA
Balance per Audit - November 1, 1963
$ 29,988.98
RECEIPTS
Accounts Receivable
Meter Deposits
Less: Refunds
Connection Charges
Service Charges
Utility Tax
Hydrant Rental
Miscellaneous Income
Penalties
Interest Transferred From
Depreciation Fund
Interest Transferred From
Reserve Account
$ 3,324.00
1.967.00
$ 40,536.43
1.357.00
5. 150 .00 /'
790.00
26,217 .07
4,062.50
220.65
55.32
628.92
446.46
TOTAL RECEIPTS
79.464.35
$ 109,453.33
TOTAL TO BE ACCOUNTED FOR
DISBURSEMENTS
Transfers to Operation and
Maintenance Fund
Transfers to Sinking Fund
Transfers to Depreciation Fund
Trans fers to Reserve Account
Line Extension Refunds
$ 28,547.00
26,291.52
10,000.00
4,200.00
232.87
TOTAL DISBURSEMENTS
69,,271.39
$ 40,181.94
BALANCE TO BE ACCOUNTED FOR
ACCOUNTED FOR AS FOLLOWS:
Cash on Hand
Bank of New Smyrna
$ 2,151.08
38,030.86
40.181.94
EXHmIT " I "
25
TOTALS
ESTIMATED REV E N U E S
NOVEMBER 1. 1963 to OCTOBER 31. 1964
WATER SYSTEM REVENUE FUND
CITY OF EDGEWATER. FLORIDA
UNCOLLECTED
ESTIMATED COLLECTED OVERCOLLECTED*
$ 36,129.52 $ 40,712.80 $ 4,583.28*
3,550.00 5,150.00 1,600.00*
540.00 790.00 250.00*
23,869.00 26,211.07 2,348.07*
3,750.00 4,062.50 312.50*
1.200.00 1.351.35 151.35*
$ 69,038.52 $ 78,283.72 $ 9,245.20*
Water Sales
Connection Charges
Service Charges
Utility Tax
Hydrant Rental
Miscellaneous
BUDGET APPROPRIATIONS
NOVEMBER 1. 1963 to OCTOBER 31. 1964
WATER SY~TEM REVENUE FUND
crIY OF EDGEWATER. FLORIDA
APPROPRIATED
UNEXPENDED
EXPENDED OVEREXPENDED*
Operation, Maintenance and Repair Fund $ 28,547..00 $ 28,547.00 $ -0-
Principal and Interest Sinking Fund 26,291.52 26.291.52 -0-
Depreci4t1on Fund 10,000.00 10.000.00 -0-
Reserve Account 4,200.00 4,200.00 -0-
TOTALS $ 69,038.52 $ 69.038.52 $ -0-
EXHIBIT " J "
26
BALANCE SHEET
OCTOBER 31. 1964
OPERATION. MAINTENANCE AND REI'AIR FUND
CITY OF EDGEWATER. FLORIDA
ASS E T S
CASH IN BANK
Bank of New Smyrna
TOTAL ASSETS
$ 2,764.27
$ 2,764.27
L I A B I LIT I E SANDS U R P L U S
ACCOUNTS PAYABLE - UNRECORDED
PAYROLL TAXES PAYABLE
SURPWS
TOTAL LIABILITIES AND SURPWS
$ 192.54
115 .02
2,456.71
$ 2,764.27
EXHIB IT " K II
CAS H R E eEl P T S AND D I S BUR S E MEN T S
OPERATION. MAINTENANCE AND REPAIR FUND
NOVEMBER 1. 1963 to OCTOBER 31. 1964
Balance per Audit - November 1, 1963
CITY OF EDGEWATER. FLORIDA
RECEIPTS
Transfers From Revenue Fund
Payroll Taxes Collected
Less: Payroll Taxes Paid
TOTAL RECEIPTS
TOTAL TO BE ACCOUNTED FOR
DISBURSEMENTS
Salaries
Capital Outlay:
Salaries
Materials
Equipment
Social Security Tax
Soc;ial..Se.cur.1ty..Tax
Power
chemicals .
Supp lies' .
Truck 'Expense
Repai~s and Replacements
Telephone
Printing, Office Supplies and Postage
Professional Services
Miscellaneous Expense
Insurance
Purchased Used International Harvester
Truck From General Fund
TOTAL DISBURSEMENTS
BALANCE TO BE ACCOUNTED FOR
ACCOUNTED FOR AS FOLLOWS:
Bank 0 f New Smyrna
EXHIBIT " L 11
$ 28,547.00
$ 1,079.94.
1.058.07 21.87
$ 641049
5,334.83
2,679.50
22.92
$ 9,521041
8,678.74
333.63
2,585.01
95.10
1,871.82
544.62
166.60
254.82
621.94
275..00
904 .10
352.00
600.00
27
$ 1,000.19
28.568.87
$ 29,569.06
26,804.79
$ 2,764.27
2,764.27
EST I MAT E D REV EN U E
.NOVEMBER 1. 1963 to OCTOBER 31. 1964 .
OPERATION. MAINTENANCE AND REPAIR FUND
CITY OF EDGEWATER. FLORIDA
Transfer From Revenue Fund
BUDGET APPROPRIATIONS
NOVEMBER 1. 1963 to OCTOBER 31. 1964
OPERATION. MAINTENANCE AND REPAm FUND
CITY OF EDGEWATER. FLORIDA
ORIGINAL
APPROPRIATION
Salaries and Wages
payro 11 Taxes
Power .
Chemicals
Capital Outlay.
Supplies
Truck Expense
Repairs and Repiacements
Telephone
Printing and Office Supplies
Professional Services
Insurance
Miscellaneous
$ .10,500.00
350.00
2,250.00
600.00
6,000.00
5,170.00
550.00
800.00
275.00
450.00
400.00
352.00
850.00
TOTALS
$ 28,547.00
28
ESTIMATED
COLLECTED
UNCOLLECTED
OVERCOLLECTED*
$ 28,547.00
$ 28,547.00
$
-0-
ORDINANCE AMENDED UNEXPENDED
NO. 421 APPROPRIATION EXPENDED OVEREXPENDED*
$ $ 10,500.00 $ 9,521.41 $ 978.59
350.00 333.63 16.37
350.00 2,600.00 2,585.01 14.99
(50.00) 550.00 95.10 454.90
2,000.00 8,000.00 9,278.74 1,278.74*
(2,600.00) 2,570.00 1,871.82 698.18
550.00 544.62 5.38
800.00 166.60 633.40
275.00 254.82 20.18
200.00 650.00 621.94 28.06
400.00 275.00 125.00
352.00 352.00 -0-
100.00 950.00 904.10 45.90
$ -0- $ 28,547.00 $ 26,804.79 $ 1,742.21
.
EXHIBIT " M "
29
BALANCE SHEET
OCTOBER 31. 196~
WATER REVENUE CERTIFICATES PRINCIPAL AND INTEREST SINKING FUND
CITY OF EDGEWATER. FLORIDA
ASS E T S
CASH IN BANK
Bank of New Smyrna
TOTAL ASSETS
$ 20~341.19
$ 20,341.19
L I A B I LIT 1 E SANDS U R P L U S
LIABILITIES
$
-0-
TOTAL LIABILITIES AND SURPLUS
20,341.19
$ 20~341.19
SURPLUS
,
EXHmIT " N "
30
CAS H R E C E I P T S AND D I S BUR S E ME N.T S
WATER REVENUE CERTIFICATES PRINCIPAL AND INTEREST SINKING FUND
NOVEMBER 1. 1963 to OCTOBER 31. 1964
CITY OF EDGEWATER. FLORIDA
Balance per Audit - November l~ 1963
$ 19 ~ 767 .17
RECEIPTS
Transfers From Revenue Fund
26~291.52
TOTAL 1'0 BE ACCOUNTED FOR
$ 46~058.69
DISBURSEMENTS
Interest
Bonds Retired
$ 17 ~ 117 .50
a,ooo.OO
BALANCE 'IO BE ACCOUNTED FOR
25,717 .50
$ 20~341.19
TOtAL DISBURSEMENTS
ACCOUNTED FOR AS FOLLOWS:
Bank of New Smyrna
20,341.19
.
EXHIBIT " 0 "
31
EST I MAT E D REV E N U E
NOVEMBER 1. 1963 to OCTOBER 31. 1964
WATER REVENUE CERTIFICATES PRINCIPAL AND INTEREST SINKING FUND
CITY OF EDGEWATER. FLORIDA
ESTIMATED
UNCOLLECTED
COLLECTED OVERCOLLECTED*
Transfer From Revenue Fund
$ 26,291.52 $ 26,291.52 $
-0-
BUDGET APPROPRIATIONS
NOVEMBER 1. 1963 to OCTOBER 31. 1964
WATER REVENUE CERTIFICATES PRINCIPAL AND INTEREST S INKING FUND
CITY OF EDGEWATER. FLORIDA
APPROPRIATED
UNEXPENDED
EXPENDED OVEREXPENDED*
Interest
Bonds Retired
TOTALS
$ 18,291.52 $ 17,717.50 $
8.000.00 8.000.00
$ 26,291.52 $ 25,717.50 $
574.02
-0-
574.02
>I
EXHIBIT " P "
.
CASH IN BANK
Bank of New Smyrna
INVESTMENTS
u. S. Government Bonds
TOTAL ASSETS
32
BALANCE SHEET
OCTOBER 31. 1964
WATER SYSTEM RESERVE ACCOUN~
CITY OF EDGEWATER. FLORIDA
ASS E T S
$ 2,540.24
17,819.76
$ 20,360.00
L I A B I LIT I E SANDS U R P L U S
LIABILITIES
SURPLUS
$
-0-
20.360.00
$ 20.360.00
TOTAL LIABILITIES AND SURPWS
EXHIBIT " Q II
.
CAS H R E C E I P T S AND D I S BUR S E HEN TS
WATER SYSTEM RESERVE ACCOUNT
NOVEMBER 1. 1963 to OCTOBER 31. 1964
CITY OF EDGEWATER. FLORIDA
Balance per Audit - November 1, 1963
RECEIPTS
Transfers From Revenue Fund
Interest From U. S. Treasury Bonds
$ 4,200.00
446.46
TOTAL RECEIPTS
TOTAL TO BE ACCOUNTED FOR
DISBURSEl1PITS
Interest Transferred to Revenue Fund
U. S. Treasury Bonds Purchased
Less: U. S. Treasury Bonds Redeemed
$ 446.46
$ 19,639.04
9.823.54 9.815.50
TOTAL DISBURSEMENTS
BALANCE TO BE ACCOUNTED FOR
ACCOUNTED FOR AS FOLLOWS:
Bank of New Smyrna
EXHIBIT " R "
33
$ 8,155.74
4.646.46
$ 12,802.20
10,,261.96
$ 2,540.24
2, 540 .2l~
.
34
ESTIMATED REVENUE
NOVEMBER 1. 1963 to OCTOBER 31. 1964
WATER SYSTEM RESERVE ACCOUNT
CITY OF EDGEWATER. FLORIDA
UNCOLLECTED
ESTIMATED COLLECTED OVERCOLLECTED*
Transfer From Revenue Fund
$ 4,200.00 $ 4,200.00 $
-0-
BUDGET APPROPRIATIONS
NOVEMBER 1. 1963 to OCTOBER 31. 1964
WATER SYSTEM RESERVE ACCOUNT
CITY OF EDGEWATER. FLORIDA
UNEXPENDED
APPROPRIATED EXPENDED OVEREXPENDED*
Unappropriated Surplus
$ 4,200.00 $
-0-
$
4,200.00
EXHIB IT " S "
.
35
BALANCE SHEET
OCTOBER 31. 196~
DEPRECIATION FUND
CITY OF EDGEWATER. FLORIDA
ASS E T S
CASH IN BANK
Bank of New Smyrna
$ 4,956.14
INVESTMENTS
U.S. Treasury Bills, Due February 4, 1965
TOTAL ASSETS
18,000.00
$ 22,956.14
L I A B I LIT I E S AND SUR P L U 5
LIABILITIES
$
-0-
SURPLUS
TOTAL LIABILITIES AND SURPLUS
22,956.14
$ 22,956.14
..
EXHIBIT II T "
.
:;
CAS H R E C E I P T S AND D I S BUR S E MEN T S
DEPRECIATION FJND
NOVEMBER 1. 1963 to OCTOBER 31. 1964
CITY OF EDGEWATER. FLORIDA
Balance per Audit - November 1, 1963
RECEIPTS
Transfers From Revenue Fund
Interest From U. S. Treasury Bills
U. S. Treasury Bills Redeemed
Less: U. S. Treasury Bills Purchased
$ 35,434.44
35.311.08
TOTAL RECEIPTS
TOTAL TO BE ACCOUNTED FOR
DISBURSEMENTS
Interest Transferred to Revenue Fund
Capital Improvements
TOTAL DISBURSEMENTS
BALANCE TO BE ACCOUNTED FOR
ACCOUNTED FOR AS FOLLOWS:
Bank of New Smyrna
..
:;;
EXHIB IT " U "
$ 10,000.00
565.56
63.36
$ 628.92
16,112 .88
36
$ 11,669.02
10.628.92
$ 22,297.94
17,341.80
$ 4,956.14
4,956.14
.
37
ESTIMATED REVENUE
NOVEMBER 1. 1963 to OCTOBER 31. 1964
DEPRECIATION FUND
CITY OF EDGEWATER. FLORIDA
ESTIMATED
UNCOLLECTED
COLLECTED OVERCOLLECTED*
Transfer From Revenue Fund
$ 10,000.00 $ 10,000.00 $
-0-
BUDGET APPROPRIATIONS
NOVEMBER 1. 1963 to OCTOBER 31. 1964
DEPRECIATION FUND
CITY OF EDGEWATER. FLORIDA
APPROPRIATED
UNEXPENDED
EXPENDED OVEREXPENDED*
Capital Improvements
$ 10,000.00 $ 16,712.88 $
6,712.88*
.
EXHIBIT .. V "
.
.
CASH IN BANK
Bank of New Smyrna
WORK IN PROGRESS
TOTAL ASSETS
BALANCE SHEET
OCTOBER 31. 196~
CONSTRUCTION FUND
CITY OF EDGEWATER. FLORIDA
ASS E T S
L I A B I LIT I E SANDS U R P L U S
NOTES PAYABLE - BANK OF NEW SMYRNA
SURPLUS
TOTAL LIABILITIES AND SURPWS
.
EXHIBIT " t-1 "
38
$ 1,097.11
643,902.89
$ 645,000.00
$ 645,000.00
-0-
$ 645,000.00
.
39
CAS H R E eEl P T S AND D I S B, U R. S E. MEN T S
CONSTRUCTION FUND
NOVEMBER 1. 1963 to OCTOBER 31. 1964
CITY OF EDGEWATER. FLORIDA
RECEIPTS
Loan From Bank 0 f New Smyrna
TOTAL TO BE ACCOUNTED FOR
DISBURSEMENTS
Sewer Lines
Pumping Stations
Sewer Plant
Engineers
Easements
Home Finance Agency - Field Inspections and Audits
Legal and Administrative
TOlAL DISBURSEMENTS
BALANCE TO BE ACCOUNTED FOR
ACCOUNTED FOR AS FOLLOWS:
Bank of New Smyrna
.
EXHmIT II X II
$ 496,918.15
40,822.28
11,827.80
81,982.52
981.50
10,000.00
1.370.64
$ 645.000.00
$ 645,000.00
643,902.89
$ 1,097.11
1,097.11
.
,
I N COM E AND E X PEN S EST ATE MEN T
NOVEMBER 1. 1963 to OCTOBER-~1. 1964
WATER FUND
CITY OF EDGEWATER. FLORIDA
INCOME
Water Sales
Connection Charges
Service Charges
Miscellaneous Income
Hydrant Rental
$ 40,712.80
5,150.00
790.00
275.97
4.062.50
TOTAL RECEIPTS
EXPENSE
Salaries and Wages
Payroll Taxes
Power
Chemicals
Supplies
Truck Expense
Repairs and Replacements
Telephone
Printing, Office Supplies and Postage
Professional Services
Miscellaneous Expense
Insurance
Bad Debts
$ 9,521.41
333.63
2,585..01
95.10
1,871.82
544.62
166.60
254.82
621.94
275.00
904.10
352.00
61.30
TOTAL EXPENSE
NET INCOME FROM OPERATIONS
OTHER INCOME AND EXPENSE
Utility Taxes
Interest on U. S. Treasury Bonds
$ 26,217.07
1.075..38
$ 27,292.45
17.717.50
Deduct: Interest on Revenue Certificates
NET OTHER INCOME
NET INCOME OVER EXPENSE
.
EXHIBIT " Y "
40
$ 50,991.27
17.587.35
$ 33,403.92
9.574.95
$ 42,978.87
.
CAS H R E eEl P T S AND D I S BUR S E MEN T. S
NOVEMBER 1. 1963 to OCTOB~31. 1964
.
COMMUNITY CENTER FUND
CITY OF EDGEWATER. FLORIDA
Balance as per Audit - October 31, 1963
RECEIPTS
Rents
Games
Reimbursed For Utilities
TOTAL RECEIPTS
TOTAL TO BE ACCOUNTED FOR
DISBURSEMENTS
Utilities
Repairs
Supplies
Custodian
Exterminating
Fuel
Payroll Taxes
Flowers
TOTAL DISBURSEMENTS
BALANCE TO BE ACCOUNTED FOR
ACCOUNTED FOR AS FOLLOWS:
Cash on Hand
Bank of New Smyrna
.
.
EXHIBIT " Z "
$ 712.00
786.68
38.65
$ 212.19
36.69
62.38
960.00
60.00
311.81
34.80
10 ~oo
$ .34
331.59
41
$ 482.47
1,537.33
$ 2,019.80
1,687.87
$ 331.93
331.93