FY 1962 Audit Report
..-
f
O'~
AUDIT
REPORT
OCTOBER 31. 1962
CITY OF EDGEWATER. FLORIDA
MAYOR Ao HUSSEY
"J ~UNCILMEN
~
CARL Ao SILLER
,
GEORGE So KENNEDY
HENRY Ro PALMATEER
STANLEY Ao SENG, SRo
ATTORNEY JEFFERSON W 0 CLARK
CITY CLERK KATHRYN Bo O'CONNELL
ENGINEERS BRILEY, WILD AND
ASSOCIATES
AUDITORS ROBERTSON & MAY
i
Prepared by:
ROBERTSON & MAY
CERTIFIED PUBLIC ACCOUNTANTS
SUITE 205-211
211 No RIDGEWOOD AVENUE
DAYrONA BEACH, FLORIDA
~
"I,
Y!o~timl/ B~ ~~{r
~N~~.o/tltp sdC&a?lkmB
SUITE 205-211
211 NORTH RIDGEWOOD AVENUE
~f/QN<P $Qck, ~;k~p
January 24, 1963
To the
Honorable Mayor, and
City Council
City of Edgewater, Florida
Gentlemen:
We have examined the Consolidated Balance Sheet of the City of
-,
Edsewater. Florida, as of October 31, 1962, and the related statements
of income snd surplus for the year then ended.
Our examination was made in accordance with generally accepted
municipal auditing standards, and accordingly included such tests of
the accounting records, and such other auditing procedures as W2 con-
sidered necessary in the circumstances.
Subject to our comments D made a part of and contained herein,
in our opinion the accompanying balance sheets and related statements
of surplus and operations, present fairly the financial position of the
City of Edgewater, Florida, at October 31, 1962, and the results of its
operations for the fiscal year then ended, in conformity with generally
,
w
accepted accounting principles applied on 8 basis consistent with th~
preceding period.
We wish to express our appreciation to the officials and employees
for their courteous assistance during our examination of the city's books
and records.
Respectfully submitted,
INDEX
'.
EAGE NUMBER
COMMENTSoooooooo..ooo...ooooooooooooooooooooo...ooooeoooooooooo..ogeo.C-l TO C..6
EXHIBIT n A " Consolidated Balance Sheet..o.ooooooo.o.....o..ooo 1
EXHDIT " B " Balance Sheet - General Fund..ooooooooooooo.oooo.o 2
SCHIDULE "B-I" Tax Sale Certificateso.ooo.oooooooooo..ooooo.oooo. 3
----~
SCHEDULE "B-2" Pixed Assets - General Fund...ooooooooooooo.o..... ~-
EXHIBIT "c" Cash Receipts and Disbursements - General Fund 0 0.0 5 - 6
EXHDIT "n" Budget Revenue - General Fund.ooooo.oo.ooo.ooo~o.o 1
BXHIBlT " E " Budget Appropriations - ~neral Fund....oooooooooo 8 - 10
KXHIBlT " F " Consolidated Balance Sheet - All Water Funds -
Year ending October 31. 1962.ooooo.oo.ooo.o..~.o 11
~ EXHIBIT " G " Consolidated Balance Sheet - All Water Funds -
Year ending October 31. 1961..0600000000.000..00 12
EXHIBIT " H " BALANCB SHEB!.o.o.ooo...oooo.o........ooooooooo..o 13
Water Revenue Fund
Operation. Maintenance and Repair Fund
Water Revenue Certificates Principal and
Interest Sinking Fund
Water Systea Reserve Account
. . Depreciation Fund
ElHDIT " I " Cash Receipts and Disbursements - Water
System Revenue FuDdo.eoevo.oooo...........ooooo. 14
EXHIBIT " J " Cash Receipts and Disbursements - Operation.
Maintenance and Repair Fund.o................oo. 15
EXHIBIT " It " Cash Receipts and Disbursements - Water Revenue
Certificates Principal and Interest Sinking Fund 16
EXHIBIT "L" Cash Receipts and Disbursements - Water
~ System Reserve Account...............oo......... 17
UBIBIT uH" Cash Receipts and Disbursements -
Depreciation PuDd......o..o..ooo.....coo...ooo.o 18
EXHIBIT .. N " Budget Revenue.and Appropriations - Water
System Revenue Pund.......oo.........e..o.ooo... 19
EXHIBIT "0" Budget Revenue and Appropriations - Operation.
Maintenance and Repair Fund..................... 20
EXHIBIT " P II Budget Revenue and Appropriations - Water
Revenue Certificates Principal and
Interest Sinking Fund..........oo............o.. 21
EXHIBIT
EXHIBIT
EXHIBIT
EXHIBIT
. .
~
" Q "
" R "
" S "
" T It
INDEX
Budget Revenue and Appropriations .
Water Sytem Reserve Account.. ,. . . . . 0 .'. . . . . . . . . .
Budget Revenue and Appropriations .
Depreciation Fund........o.................... 23
Income and Expense. Water Fund.....o...........
Cash Receipts and Disbursements .
Community Center Fund.........................
~AA~~*.kkk*~***A~A~*****AkA~~~AA~***~AAAA~AAA~*****
fACE NUMBER
22
24
25
,9CEiMBNTS
OCTOBER 3l~ 1962
CITY or EDGmATEil D FLOltIDA
CONSOLlDA'fED BALANCE SHEET
*A'ASSETS**
~H ON HAND AND IN BANK...........oo.o....o.ooo.oo.ooo..o.oooo.ooo$ 59.513091
Cash on hand was verified by actual counto All bank accounts are
in the Bank of New Smyrna. New Smyrna Beach. Florida. and were verified
by reconciling the balances shown on the books with balances confirmed
by the bank.
Collatersl security for deposits in excess of $10.000000 has been
pledged by the bank. and have placed in escrow $60.000000 U 0 So Treasury
Notes. Series "E" - 1963 due February IS. 19630
INVIS!MiNtSooaooo.oaoooo.....oooooo..........o..oooo.o..oooo.oo..oo~ 26.004.26
Investments in U. S. Treasury Notes and Bonds are as follows:
Depreciation Fund - U. S. Treasury Notes
Water System Reserve Account -
u. S. Treasury Bonds
$ 18.000000
8.004.26
Totalo........................ $ 26A00402~
RBCEIVABt!Soo....oo.oo........o......o.o..oeoo...o...o.oo.........oj 7.089042
The tax sales certificates are shown by years and amounts unpaid
on Schedule "B-2". Lot cleaning liens in the amount of $10S.05 from
prior years are outstanding on the bookso There vas no change in these
accounts during the fiscal year.
Water consumer's accounts receivable amounting to $1.889020 were
checked in detaU and found to be in agreement with the general ledger
control.
Mortgages receivable in the amount of $461.60 represents balances
on two mortgages given to the city by property owners to pay their
paving a8sessments.
'PA~R r._l
During the fiscal year paving accounts receivable in the amount
of $3,213029 were recorded on the bookso Collections on current and
prior years paving accounts amounted to $3,668.550
FIDD ASSBTj.o . . ...0.00..00000 It. 0 0,0000000.000.00.0., .00000000000000 0 o~ 64.9.8210.54
The fixed assets represent the capital aBsets of the city 0 A
reconciliation of the account is as follows:
GENERAL P'UND:
Balance per Audit - November 1 t 1961
Add: Police Department equipment
Fire Depar~nt equipment
Library fixtures
Municipal Park and Pier
Street Deparblent equipment
Street signs
Bridge
$ 226,342086
$ 77 .58
527067
54045
1,207057
8,073029
2,035.00
4.112003
Total additions......o..oo...o.............. 16.687.59
TOTAL GENERAL PUND......o..oo.o..o.oooo $ 243,030045
WATER FUND:
Balance per Audit - November 1. 1961 406.791.09
'lOUL FIXED ASSETS - octOBER 31, 1962.. f 649.821054
~y or MATBRIALSo..o.o.oooo..ooOO&.o.oo.o..o.oooo.ooo.oo....o$ 2.04703Jl
This inventory represents material and supplies of the vater
department on hand at the end of the fiscal year. The inventory W8S
taken by the city employees and accepted by us without verification.
MITER DEPOSITS..e...o.........................................00..0$
20.00
This deposit was made by the General Fund to the Water Fund to
"
guarantee payment of water account.
~LIABILITIES & SVRPLUS~
ACCOUNrS PAYABLE '- VNRECOlDED.........o...........oo.ooo.o......o..$ 2.052.12
The city operates on a cash basis and accounts are not set up on
the books until approved by the City Council and paido Therefore,
they are included in the balance sheet so that the fair financial
position of the city will be reflected by this audito
PAGE C-2
PAYROLL tAXES PA~LE.ooo.ooooo.ooooo.oooooooo~oooooaoooooooooooo.o~
529075
This account represents taalil deducted from ~mployee 8 s wages a aud
are payable in January, 19630
MIXER DBPOSITSooo.ooooooooo.o.oo..ooo.ooooooooo.ooooooooooooaoo0000$ 9~776o~
Deposits are made by water consumers to guarantee payment of their
accounts. During the fi.cal year~ this account increased $3690850
WA~ REVENUE CERXIltCA7ES..o.oooooo...oooooooo..oooo.oooooooooo.oo$ 385.000000
Certificates are dated February 1. 1958 in the denomination of
$1.000000 each, numbered consecutively 1 to 400 inclusive 0 The certi-
ficstes shall bear interest at the rate of 4 3/4 percent per annum ot'
such lesser rate, or rates It as may be fized by supplemental resolution
or ordinance adopted at the time of the same and award of the certifi-
Cliltes It which interest shall be evidenced by coupons attached to said
certificates and shall be payable August I, 1958 It and semi-annually
thereafter on February 1 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 )'ears as follows:
MAT1JlU'1'Y A!I)URr HATtJItITY AMOUNT
1963 $ 8.000.00 1976 $ 14,000000
1964 8,000.00 1977 15,000000
1965 9.000.00 1978 16,000000
1966 9,000.00 1979 16,000000
1967 10.000.00 1980 17.000000
1968 10.000.00 1981 1811000000
1969 10,000.00 1982 19,000000
G 1970 11,000.00 1983 20,000000
1971 11,000.00 1984 21.000000
1972 12,000.00 1985 22,000000
1973 12,000.00 1986 23,000000
1974 13.000.00 1987 23.000000
1975 14,000.00 1988 24.000,,00
Totalooo.OGOo..o...o....oo..o.oe. 1 385 (1000.....0.0.
Provided, however:> that said revenu& certificates numbered 41 to 400.
inclusive. from time to t1rae outstanding, shsll bee subject to redemption
by said city prior to maturity in whole It or in part in inverse numerical
PAGE C-3
order on any interest payment date on or after February l~ 1965p upon
terms of psr and accrued interest plus Q redemption premiUm in an
amount equal to ona-quart"r of 0il8 percent of the principal amount
therCilof for emch year or fraction thereof to elapse between the date
fixed for 8uch redeaption and the final maturity date of the respective
certlficatee:l but with a maximum redemption premium of an amount equa 1
to 4 psrcen& of such principal amounto Both principal and interest
shall be payable at the Main office of the BaDk of New Smyru,a. in the
City of New Sayrna Beach. I'loricla. or II at the option of the bolclars
of the respective certificates. at the Main office of the Chase Man-
battan Bank~ in the City of New York. New York.
During the current year. the city retired boncls number 8 through
l50
LINE ElrENSION AGREEMBNT DEPOSITSo..oeooooooooooooooo...oo.ooo.o..o$
1.434 0 18
This account represents deposits made by vater consumers to cover
the cost of extending water mains.
SPBCIAL LIBRARY ACCOUHTo..........o...oe.o.oooo...o.ooo.oe.oo.oo...S
31.98
This amount represents the unexpended balance of money contributecl
by the county in prior years.
BOND DIPOSIr..................................................oo...~ 200.0C
SURPLUS....o..........o...o............oo...........o....00.0......$ 345.472.41
The surplus represents the excess of the city's assats over the
o
city's liabilities as shown on the balance sheet.
GENERAL COMMENTS
BUDGET APPROPRIAftONS AND BUDGBT RlYEHUE
mmlmAL FUND
The general fund budget rwenue is shown on Exhibit "D". page 1
The results are as follows:
Budget Estimate
Budget Collections
$ 117.378085
116.159..42
Net under collectedooooo.....o..o ! 1.Z19a43
The estimate and the collections smounts include $ll~529085 of
appropriated surpluso
The budget appropriations are shown in detail on nxhibit JlE" p page 10
The results are as follows:
Budget Appropriations
Budget Expenditures
Net under expended.oooooooooooooo $
WATml REVEHUE POND
$ 117,378.85
1156783094
1.59lta21.
The water system revenue fund revenue is shown in detail on Exhibit JlN",
page 19. The results are as follows:
Budset Estimate $
Budget Collections
Net over co11ectedo.oo..o.oo.oooo $
52,118.63
63..558050
The budget appropriations are ShOWl in detail on Exhibit "N'f. page 19
1l..4~087
The result. are as follows:
Budget Appropriations
Budget Expenditures
Net over expended......o.....o.o.
$ 52,118.63
55..086.53
! ~..967..9Q
The Income and Expense Statement of the Water Revenue Fund, Exhibit "S",
$20,570.17, or net income from operations of $22,008.77.
reveals total income from operations of $42,578.94, operating expenses of
Utility taxes in the amount of .$20,411009 were deposited in the Water
.
Revenue Fund in accordance with the Ordinance covering the issuance of the
certificates, but are not included in the above income.
Increase in water consumers during the current period is as follows:
10-31-61 10-31..62
3/4 inch meters 883 924
1 inch meters 15 17
1 1/2 inch meters 1 1
2 inch m2ters ....! .....!
Tot.ls.....o.......o 121 ~
PAr.R c-r;
INCREASE
41
2
!td.
Insur8nc~ coverage on the Water Fund Plant and Equipment is 8S
follows:
I<,
INSUROO:
AGENT:
POLICY NO:
PEllIOD:
COVERAGE:
The Homs Insurance Company
Taxey Whitaker, N~w Smyrna Beach J Florida
1212
August 18. 1962 to August 18~ 1963
Fire, Lightning, EXCended Covl!rage,
VandaliSIll, and Malicious Mischief 0
DESCRIPTION
Elevated steel water tank sltuat&d HIs E. Park Avenue,
EdgeW5ter" Florida $
AAA vater treatment plant building situated His. E.
Park Avenue, Edgewater, Florida
Machinery and equipment ~ile contained in the water
treatml!nt plant
lCK Pump House No. 1 situated approximately two miles
west of railroad at Edgewater ~~ll field
lCM 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 equipment while contained in Pump House No. 2
AMOUNT
26,000000
9,250.00
26,,000.00
400.00
500.00
2,000.00
3,000.00
In accordance with Ordinance 1194, we have prepared a consolidated
balance sheet of all water funds as of October 31, 1961, and is shown
in the report as Exhibit. "G" .
We have also prepared a statement of cash receipts arld disbursements
and is shown in the report as Exhibit "T"o
of the Community Center Fund which is not a part of the city records,
The budget estimate for the General Fund is shown on Exhibit "D".
and is shown 1n total only. According to the minutes, the budget estimate
was approved for the same amount of the budget appropx1atlonsp but did
be made to show this information.
not describe the source. We reconmend that all future budget estimates
"rl,....._ ,.. ,.
tn ~ en l"" ~ ~ ;: >
~ "1:1 ... 0
~ IF.2 sa ~ ~ C':l
0 ~ l3 g
'=' ~ t:\I ~ ~
en ~ ~ ~ ~
l"" t/.l
~ <:: ~ ~
... t';% ~ '"d
~ 0:1. en ~ >
~ ~ ~ ~
tn ~
>- 0 .~ ~ ~
I-!I i!; e e ~ l""
~ n ... \N4
~ I ~ !:"" ~
~ t-4 tl\l >
1" ~ tJ:l
f-! C':l
5 tI;l ~ ...
~ tn
l""
~ t2:l
~ ~ ....
~ ~ I-!I
t-i
&iI en """
> tlQ
2: tn
t:I
en
~ ~
1:1
c::
CI.l
tn
c=
~
'"d
l""
d
en
*
:+-
-0 tlQ"tI
-0 ~~
""" '"'"' w ....tI\l
t: .p- OD t1l
v- ..... V1 \0 N t-I.....
.. to .. .. .. .. .-I
~ ~ ,.., .p- o ..... V1 0
\Cl ..... 0 w '"'"' 0 ~ r~ VI :
a- N 0 ..... .p- O C\ \0 N
0 0 0 0 0 0 . . . >
~ .f:" 0 \Cl ~ 0 0 ~ ~
.;:-. ..... 0 0) 00 0 0 VI N =
BALANCE SHEET
OCTOBER 31. 1962
GENERAL FUND
CITY OF EDGKWAUR.. FLORIDA
**ASSITS**
~H ON HAND AND ~ BANKS:
Petty Cash
Cash on Band
Bank of fiew SayrDa
BECBIVABLBS :
Tax Sale Certificates - Schedule "B-1"
Lot Cleaning Liens
Paving Liens
Paving Accounts Receivable
Mortgages Receivable
Transfers - Water Fund
FIXBD - SCBlDULI "B-2"
$
10.00
211.49
9.414.99 $
PAGE 2
EXHIBIT " B "
9,636.48
7,326.97
243,030.45
METER DBPOSU 20.00
$
791.13
105.05
27.27
3,815.17
461.60
2.126.7'
TOtAL ASSETS............................................. 1 ~60A013.?0
** L 1 A B I LIT I B S AND SUR P L U S 'kit
ACCOUNTS PAYABLE - UNRECORDED
i.OCIAL SECURITY TAX PAYABLE
RlTHHOLDING TAX PAYABLE
SPECIAL LIBlWlY ACCOUNT
BOND DEPOS l'l
SURPLUS:
Surplus - November I, 1961
Add: 1961 Accounts Payable $
,Fixed Assets Acquired
Paving Accounts Receivable Recorded
1,368.13
16,687.59
3.213029
1,404.02
11,154.37
2,533.86
209.19
Deduct: 1962 Accounts Payable $
Excess of Expenditures
. over Revenue
Collections on Accounts Receivable
Special Library Account
$ 251,946.23
21.269.01
$ 273.215.24
15.301.44
$ 1,404.02
122.80
341.30
31.98
200.00
Present surplus.................................... 257~913.80
TotAL LIABILITIES AND SURPLUS............................ ~ 260a013a9~
TAX SALE CERTIFICATES
OCTOBJm 31. 1962
CITY OF BOOEWATIR. 1!'LORIDA
YJWl
-
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1943
1944
1945
1946
1947
1949
1950
TO!AL..................o...oo.oo.. ~
PAGE 3
SCHEDULE n B-1 ..
AMOlJHT
$
41.57
200007
137.00
77.54
12092
76058
12.44
26.48
133070
2.62
12.37
2074
6.26
4067
17.28
12.64
7.45
1043
1.13
1.31
2.93
79L13
FIXED ASSETS
OCTOBBR 31.. 1962
GERBBAL PUJID
CITY OF EDGEWATER. FLORIDA.
~1:wf
Road Machinery
New City Hall
lurnlture and Fixtures
Maps
Real Estate
Shell Streets
Street Paving
Strand Road Fill
Traffic Lights
Police Department
Small Tools
Fire Department
Street Signs
Street Department Equipment
Library and Chamber of Couaerce
Library Fixtures
eo.aunlty Rouee
COIIIIIUII.ity House Equipment
Municipal Park and Pier
Picnic Area
Communications System
Bridge
TOtAL.....o...o........o..~..o
PAGE 4
SCIlKDULE It B-2 "
AMOUNT
$ 38,588.63
21,123.95
7,252.63
80.00
22,141.60
4,110.44
67,676.42
3,797.00
111.55
80480.30
66.96
17,254.51
2.825.97
8,073.29
5,000.00
1,380.03
17,984.82
6,915.53
3,379.01
664.36
1,351.42
4..712.03
, 243.0~0.45
PAGE 5
EXHIBIT II C II
~H RECEIPTS AND DISBURSEMENTS
GBN!RAL FUND
NOVEMBER 1.. 1961 TO OCTOBER 31.. 1962
CITY OF EDGEWATER" FLORIDA
BALANCE AS PER ADDU - November 1 ~ 1961
$ 20,539.85
UCBlPTS :
Current taxes
Building permits
Ilectric permits
Plumbing per.it&
Business licenses
Occupational permits
Beer, wine and liquor licensas
Fines and forfeitures
Miscellaneous
Paving
Cigarette tax
Franchise tax
Dog tax
Lot cleaning
Garbage and trash collection
Sidewalk and curb mortgage - Principal
- Interest
$ 47,825004 "
2,101.00 ......
")
1,258090
638.00 '"
7 ,251050 '
410.00 "
1,841.50'\
4,942000 --..
549.46 "-
3 ,668.55 "
1,907.08 '\
13,981.50 "-
122.50'
110.00 "-
11,825.75 "
Payroll taxes collected
Less: Payroll taxes paid
$ 153086
36.93 190.79 '-
$ 5,937010
5.725039
211.71
Collections - Accounts receivable
Bond - Price
16.50
200.00
Total re~ipts.o.................o.o.o.....o....o.oo.. 105.057078
TotAL TO BE ACCOUNTED POR....o.o.o...........o... $ 125,597.63
j)ISBURSEKBNTS :
Department of General Government
Department of Streets .
Street lights
Police Department
Fire Department
$ 25,053.24~
47,103.20
5,705.80 \"
18,469.93 "\
5,324.06 "
Library $ 3,310.13
Less: Donation.. 6045
3.303.68 '
Advertising
Children's Christmas party
Travel - Hayor
Cot for emergencies
1,000.00
100000
40000
27000
(Continued) Page 1
PAGE 6
EXHIBIT " C "
CASH RECEIPTS AND DISBURSEMENTS
GENERAL FOND
HOVEKBEll 1 ~ 1961 TO OCTOBER 31 ~ 1962
CITY OF EDGEWATft.. FLORIDA
DISBUBSEHBNTS:(Contlnued)
Police School Safety Patrol Fund
Cleaning Plorida Shores ditch~6
Fireworks - Fourth of July
Donation - Bleacher Fund
Humane Society
Survey - Sewer System
Recreation
Bridge
225.00
497.00
300.00
100.00
420000
800.00 -.,
2~780.21 ....
4.712.03 "
Total disbursements.......o....o................o..... 115.961015
BALANCE TO BE ACCOUNTED lOR......oo.o............ S 9.636.48
ACCOUH'rKD FOR AS .POLLOWS:
Petty Cash
Cash on Band
Bank of !few Smyrna
$ 10.00
211.49
9~414.99 S 9.~36048
(Concluded) P"'OP. 1.
PAGE 7
EXHIBIT " D "
BUDGET REVENUE
GIHBRAL lPUND
NOVEMBER 1, 1961 TO ocroBER 31. 1962
CITY OF EDGEWA'tBR.. FLORIDA
ACCOUNT
BUDGET
ESTIMATB
REVENUE
COLLEctED
UNDER
COLLECTED
Net Revenue
Expenditures - Exhibit "E"
$ 47,825.04
2t107.00
1,258.90
638.00
7,661.50
1,841.50
4,942.00
549.46
3,859.34
7,907.08
13,981.50
122.50
110.00
11,825.75
11..529~85
.lJJ.7.378.8i $ \16.159.42 $ 1.219.43
$ 116,159.42
11..529085
$ 104,629.57
115 ..783.94
Current taxes
Building permits
Blectrie permits
Pluabing permits
Business liceuses
Beer, wine and liquor licenses
Pines and forfeitures
Miscellaneous
Paving
Cigarette tax
Pranchise tax
Dog tax
Lot cleaning
Garbage and trash collections
Appropriated surplus
'total Revenue
Deduct: Appropriated Surplus
NET EXPBNDIT1JlUm IN EXCESS OF REVEHUE........o......... $ 11.154.31
NOTE:
Detail of Budget Estimate not shown in Minutes
(Continued) Page 1
PAGE 9
BUDGET APPROPRIATIONS EXHIBIT " E ~
GENERAL FUND
NOVEMBER 1, 1961 TO OCTOBm 31 ~ 1962
CITY OF EDGEWADR. FLORIDA
BUDGET BUDGET UNDER OVER
ACCOUNT APPROPRIATIONS EXPBNDITUllES EXPENDED EXPENDED
StRER'r DEPARtImNT: (Continued)
STRUT PAVUG AND IHPROVIMEHTS:
Material 10.200.00 10.220.36 20.36
Survey 700.00 720.00 20000
Miscellaneous 200.00 1.00 199.00
MOSaurtO CON'lJtOL:
Salaries 200.00 200.00
Tractor expense 243.94 214.94 29!!00
Misce llalHlous 100.00 100.00
PAlUt IfAINTBl(ANCI:
Salaries 500.00 352.24 147076
Material 500.00 400.23 99.77
HiscellaDeous 1,.000000 991.47 8.53
Totalsoo..o.o..o....ooo $ 48..169.54 $ 47.103.20 t 1.568.58 ~ 502.24
STREET LIGHTS L 5.800.00 ~ 5,705.80 9 94.20
POLICE DEPARTMENT:
Salary - Chief $ 411800.00 $ 5,127.96 $ $ 327.96
Salary '!" Others 8.450.00 8.484.86 34.86
Gas, oil and repairs 2,550.00 2..590.97 40097
Telephone 200..00 166.53 33.47
Radio service 150.00 137.35 12.65
Supplies 450.00 848.85 398085
Miscellaneous 700.00 68 7.. 83 12.17
Pri80ner fees 350000 348.00 2000
New equipment 1.000.00 77.58 922.42.
Totala..oeo...o..oee... $ 18..650..00 $ 18.469.93 ~ 982.71 $ 802.64
lIRE DEPAB.TMEBT:
lire hydrants $ 3,550.00 $ 3.487.50 $ 62.050 $
Donations 200000 200.00
Truck expense 350.00 418.;03 68.03
New equipment 1.000000 660.99 339001
Telephone 80.00 77.06 2.94
Lights 12.5.00 131065 6.65
Miscellaneous 250.00 348083 98.83
%otalsooo.o..oeoooooooo ~ 5.555.00 $ 5.324.06 $ 404 .45 *- 173.51
lCont::f."u.-,rl) P.-It" ,
PAGE 10
BUOOET APPROPRIATIONS EXHIBIT II E ~
GENERAL FUND
NOVEMBER l~ 1961 70 ocroBER 31, 1962
CITY OF EDGEWATER II FLORIDA
BUDGET BUDGET UNDER OVER
ACCOlOO: APPROPRIATIONS EXPENDITURES EXPENDBD EXPENDED
LIBRARY:
Salaries $ 2.400.00 $ 2,303.00 $ 97.00 $ ,-. i, 1/
" .
Books 500.00 400.26 99.74
Hi ace 11aneous 200.00 423.21 223.21
7otsls....oo........... $ 3.100.00 ~ 3.126.47 f 196.74 $ 223.21
~GBNCIBS AND CONTINGENCIES .a 3,,844.75 ~ 3~509.00 8 335.75
RECREATION .a 2.856.06 $ 2.780.21 t 75.85
BRIDGE $ 4.712.Q,3 J 4.712.03
GRAND TOTALS - GENERAL FUND.... $ 117.378.85 $ 115.783.94 $ 5.897.69 $ 4.302.78
115.783.94 4.302.78
NET UNDER EXPENDED.......o.o... ~ 1.594.9\
1J~~4.91
. .
(Concluded) Page 3
CONSOLIDATED BALANCE SHEET
PAGE 11
EXHIBIT II 1! :
ALL WATJm l"VNDS
OCTOBER 31. 1962
CITY OF EDGEWATER II FLORIDA
**ASSITS**
CASH ON HA5D AND III BANK:
Cash on Hand
.Bank of lie", Smvrna -
Revenue Fund .
Operation. Maintenance and
Repair Fund
S inking Fund
Re8~rve Account
Depreciation Fund
$
166.28
$ 24.656.85
451.26
19.573.15
3,955.74
1.074.15
49.711.15 $ 49.877.43
1.889.20
WATER. CONsmmR' S ACCOUNTS RECEIVABLE
XNVESTMBNrS:
U. S. Treasury Notes
U. S. Government Bonds
FIXED - EXHIBIT liB"
$ 18.000.00
8..004,,26
26,004.26
406,791.09
I!WENTORY or MATIRIAL 2.04 7..31
TOTAL ASSETS.......o.oooo....o.......................... $ 486.6Q9022
** L I A B I LIT I E S AND SUR P L U S **
ACCOUNTS PAYABLE
PAlROLL TAXES PAYABLE
HBTD DEPOSITS
WATD RBVENUI CERTXnCATES
DANSPERS - GENERAL POND
LIRE EUBNSION AGREEHINT DEPOSITS
SURPLUS:
Surplus - November 1. 1961
Add: 1961 Accounts Payable
Net Income over Expense
Adjustment to Inventory
$
648.10
65065
9,776.00
385.000000
2,126.75
1.434018
-.:' :. _'::.-; r.'
.V r.... ,.,' ".J. 'I. t.~'
...=.. i "f (' ,., ("l
$ 67.460005
$ 235048
19,264.94
598.14 20.098.56
Present surplus.o.o...o.e..o........oo.ooo.o...oo..o..o...ooo 87.558.61
TOTAL LIABILITIES AND SURPLUS.o....oo..oo..........oo... ! 486.609.29
fQliSOJ4:Wl'"TED Blu..Ar.!Cj~ SHElfi'
~ WATER FUNDS
OCTOBER 31. 1961
CITY OF EDGEWATER II FLORIDA
**ASSETS**
CASH ON HAND AND IN ~:
Cash on Band
Bank of New ~na -
aevenue Fund
Operation. Maintenance and Repair Fund
S inking Fund
aeserve Account
Depreciation Fund
WATER CONSmum'S ACCOUNtS RECEIVABLE
DVES'l'MBNTS :
U 0 S. Treasury Hote s
U. S. Government Bonda
$ 14~446080
2.125.22
19.664.12
3~643041
113 .00
nxBD '" IXBIBIT liB"
~
INVIHtORY OF HATBRIAL
$
253020
PAGE 12
EXHIBIT II G fI
39.992055 $ 40,245075
1,799083
**LIABILITIBS AND SUI.PLUS**
$ 18.000.00
4.056.59
$ 43.339039
24.356014
$ 67.695.53
235,,48
22.056059
406,791009
1.449017
TotAL ASSETSooo.o.oo.ooo....o......ooooooooooo.o.ooo..oc $ 472_342~43
$
235048
54000
9,406015
393.000000
2.126.75
60.00
ACCOUNTS PAYABLE - UNRECORDED
PA'YROLL TAUS PAYABLE
HBTEB. DEPOSITS
WATER RBVEN1JB CERTInCATES
TRANSI'IRS - GENERAL FUND
LINE EXTENSION AGUEMENr DEPOSIT
SURPLUS:
Surplus - November 1, 1960
Add: 1960 Accounts Payable
Old Outstanding Checks
Old Meter Deposits
Net Income over Expenses
$ 52000
16.50
12.25
24.275.39
Deduct: 1961 Accounts Payable
Present 8urplus.o.o...&....oooooooo.....ooo.oo........o.o..ooo 67.460005
TOTAL LIABILITIES AND SURPLUS..oooo.ooooo.oooooooooooooo $ 472.342.43
.1\
CJ) tot ~ ~ i ~ r; ~ ~ t-4 [: ~
~ ... I
g;j ;J n .. &' .. .. .:I~ c:sc:s f Q r~
!ii!S ~ a ~. t'4 1.0 ,Q,. III . . lJ:l
en ~ U10C::l:lrt~ rt M 1:1 fIl
a S t-I 1.0 ~ .... 1'0 1'0 .. Cl)CI)I It ~ ~='" i
tI) i ~ 1/D1'1 o . I't
Cf.I > o 0
! G &leD Mfd ~~ n t; HlI:I ~
g ~ tlr:l CiPd 1:1 rt.... 0
.... . ~ ~S""~G tD<en ~ 1:1 fA f~ n
~ ~ ~ ~ .... III It .. C/) .. s
~ OClQ CI:lrt ~ i M IF: 1:1
en l"4 .... .... ~ C/)13o ~
! ~ .t"" ~f o III
> ~ till .... > 1:1 1:1 '< s:s 1'1 ~ Ii B
l"4 A ~ ....s. CI:ll3o 13 . : ~
E .... en !ii!Srt C/) I't ~
I t-4 en 11.... t:l 0 ~ g ~ i
:3 .... e) c:: 1:1 .. rt= >- > i
l=' ~ n ~ lJ) It 0 n ~ =
e M en ~ I't \'1.l g. n rI.l
~ 11 0 ~ I:lIIl
en ~ III 6 en w
tJ ~ ....
~ c:: rt till en
en tt C1l ~ S
m .... .... ....
~ i 8 1.0
en ~ 0\ ....
=:i N
CI) If-
en tI) '< *
~ C/) CD M
n ~
c= ...
0 EI
~ .
Cf.l 0
. fd 0
0 .
0 t"f 0
0 0
. d .
0 0 <I>
0 CI) 0
0 . w
0 J . NCO
0 . NN 00 ~
0 . " .. ..
0 . ~.....Q:)Ci\O, =
. . ....U1CO~\O
0 0 OOCi\\04:-
. . 000..
0 . 1J10NVlCO ~I
0 0 0\01\.).....0
0(1). <I)
w 01:"-
t,.) 00 0 N
..... .... N VI 1.0 0\ N ..... .p-
.. .. .. .. .. .. ..
4:- .... 0 ..... ..... ~ CD Ci\....
~ N 0 ..... \0 co IJIO\
0\ 0 0\ ..... " \0 0\0\
. 0 0 0 0 . 0 . .
.... " 0 0 0 t.) N CON
00 IJI 0 0 \0 ..... 0 VlClO
~ <I)
i: rEo
~ .f:'- ~~u
Ci\ VI
IJI co ....
0 . . i n~
0\ .... N
Vt 0 0\ t:l I:lIIl
....
-U> <t) ~~o~
.... .... ~~a~
\C \0 ~~~....
.. ~~:=9
\JI .."
..... -...l t:ltn ~
t,.) t.)
. . BB~{ij
..... ....
Vt VI
G')
<I) ,.,
<I) ~~
..... =1-1
.... 0') t.) ~=
.. .. llI:l
\C 0 \C en
0\ ~ \JI >t<
0 VI oen
. ~ . ~a
0 N .....
0 0\ ~
~
0(1) <I) ~ a~
.... ~fJ
.... r.u
\C CD .... ~~ ........
.. .. ....\,0.)
0 0 0
.... 0 ..... =
.p- o ~
. . . .... =:
~.. 0 ..... 0
\J1 0 VI Z =
PAGE 14
EXHIBIT " 1 "
CASH RECEIPTS AND DISBURSEMENTS
WATER SYSTKK REVENUE FUND
NOVEKBER 1.. 1961 TO OCTOBER 31~ 1962
CITY 011' IDGBWATBlt" FLORIDA
BALAlf.CI PEa AUIJI7 - Novembar I, 1961
$ 14,700.00
ItECBIPTS :
Accounts Receivable
Meter deposits
Less: Refunds
Connection charg~s
Service charges
Utility taxes
Hydrant rental
Miscellaneous
Interest on Treasury Notes
Line extension deposits
$
1,706.95
15337.10
$ 34,571.48
369.85
3,703.71-
665.00
20,411.09
3,487.50
58.38
568.47
1 &374.18
Total receipts............................................ 65.209.66
TOTAL TO BE ACCOUNTED POll... ~.. 0....... ~'............. $ 79,909.66
DISBURSEMENTS:
transfers to Operation and Maintenance Fund
transfers to Sinking Fund
transfers to Depreciation Fund
Transfers to Water System Reserve Account
$ 18,500.00
26,386.53
6,000.00
4.200.00
Total disbursements....................................... 55.086.53
BALANCE 10 BE ACCOUNrBD FOR.......................... $ 24.823.13
ACCOUNTED FOR AS . FOLLOWS:
Cash on Hand
Bank of Hew Smyrna
$ 166.28
24.656.85 $ 24.823o~'/
~
I
PAGE 15
EXHIBIT II J "
CASH RECEIPTS AND DISBURSEMENTS
OPERATION. NA1lfliN.ANCB AND REPAIR FUND
NOVEKBBR 1. 1961 70 OCtOBER 31. 1962
CITY OJ' BDGEWATBR. PLORIDl
BALANCE PER AUDIT - November l~ 1961
UCBIPtS :
Transfer from Revenue Fund
Miscellaneous Income
Payroll taxes collected
Less: Taxes paid
$ 18.500.00
384.56
$
806.26
794.61 11.65
$ 2.125.22
18.896.21"
TOtAL TO BE ACCOUNtED FOR................................. $ 21.021.43
DISBURSBMBNTS:
Salaries and wages
Social security tax expense
Power
Chemicals
Supplies
Truck expense
Repairs and replacements
Telephone
Printing and office supplies
Professional services
Miscellaneous expense
Insurance
Total disbursements.................................. 20.570.17
$ 8.845.27
269.41
2.180.46
508.01
4.849.87
381.17
1.097.35
259.07
191.13
300.00
1.509.06
179.37
ACCOUNTED F<a AS I'OLLOWS:
BALANCE TO BE ACCOUNTED ~.................o.........o... $ 451.26
Bank of New Sayrna
~
45l..26
PAGE 16
EXHIBIT ilK"
CASH RECEIPTS AND DISBURSmmNTS
HA'l'm lUS\f9U~ CImnnCATES PRmCIPAL AND INTEREST SINUNG FUND
NOVEMBER 1.. 1961 '1'0 OCTOBER 31. 1962
CITY OF EDGBWATBR. FLORIDA
BALANCE PER AUDIT - November 1. 1961
$ 19.664012
UCEIP'rS :
Transfers from Revenue Fund 26.386a53
TO!AL TO BE ACCOUNTBD FOa.a.o..aa.o.o.oo.ooo.a.oo.oo..oo.o $ 46,050065
DISBURSEImR'lS:
Interest
Bonds retired
$ 18,477 a50
8.000.00
Total disbursementsaa....a.aaaooao..ooa.oa..o........ 26.477.50
BALANCE TO BE ACCOUNrID POR........oooooooooaaoa......a... $ ~9_S73.1~
ACCOUN'lED Pal AS FOLLOWS:
Bank of New Smyrna
$ 19_57~..1~
PAGE 17
EXHIBIt II L It
CASH RECEIPTS .AND DISBURSEMENTS
WATER SYStEM RESERVE ACCOUNT
NOVEMBER 1 D 1961 70 OCTOBER 31. 1962
CITY OF BDGEWATER. FLORI~
BALANCE PER AUDIT - November 1. 1961
$ 3.643.41
RECEIPTS:
Transfers from Revenue Fund
Interest on Investments
$ 4.200.00
60.00
Total receiptso....o...o.........o.ooooo..o.G..oo.eo.ooo.o
4.260.00
TO~ TO BE ACCOUNTED POR...........................o $ 7.903.41
DISBURSBMENTS :
U. S. Goverumeu.t Douds 3.947.67
BALANCE TO BE ACCOUNTED POR......o................... $ 3ft955a~4
ACCOUNTBD FOR AS FOLLOWS:
Bank of New Smyrna
S 3.955.74
PAGE 18
BXHIBIT II M ct
CASH RECEIPTS AND DISBURSEMENTS
DEPUCIATION FUHD
NOVEMBEIt 1.. 1961 TO OCTOBER 31,. 1962
CITY OF EDGBWATER!t FLORIDA
BALANCE PIR. AWIT - November 1. 1961
$
113000
RECBIP'1'S:
Transfer from Revenue Fund
Reimbursement of repairs and replacements
$ 6.000.00
4..992.10
Total r.ceipts....o....................................... 10.992.10
TotAL TO BB ACCOUNTED PaR............................ $ 11.105.10
DISBURSIMIHTS:
Capital improvements 10.030.95
BALANCB TO BE ACCOUN'rKD FOR.......................... $ 1~074.1~
ACCOON'lBD F<Il AS FOLLOWS:
Bank of Hev Smyrna
$ 1.074.ll
BUDGET REVIOOJE PAGE 19
EXHIBIT " N II
tlATER REVENUE FUND
NOVlDmER 1, 1961 TO OCTOBER 31. 1962
CITY OF EDGEWATER.. PLOlUDA
EUDGE'l' REVENUE UNDER OVER
ES'rIHATE COLLECTED COLLECTED COLLECTED
Water sales $ 25,000.00 $ 34,664.35 $ $ 9,664.35
Connection charges 2,500.00 3,703.71 1,203.71
Service charges 100.00 665.00 35.00
Hydrant rental 3,500.00 3.487.50 12.50
Utility taxes 20,000.00 20,411.09 411.09
Mlsce l1aneous 418.63 626.85 208.22
Totals....~~~.ooo.o.o..o. $ 52 ..118063 $ 63,558.50 t 47.50 $ 11,487.37
52,118.63 47050
NIT OVER COLLBCrED~o~......o..o..oo~~....oo~o ~ 11.439.87 $ 11.439.8J
BUDGET APPROPRIATIONS
WATBIl SYSTEM lUNBNUB FUND
NOVEHBD. 1. 1961 TO OCTOBER 31. 1962
CITY or EDGKWA7ER D FLORIDA
BUDGE'l' BUOOET UNDBR
APPROPRIATIONS EXPImDITURIS EXPENDED
OVER
EXPINDID
$ 865.50
909.03
1.193.37
J L967.90
Operation, Maintenance and
Repair Fund . $ 17,634.50 $ 18,500.00
Principal and Interest
Sinking Fund 25,477 .50 26,386.53
Reserve Account 4,200.00 4,200.00
Depreciation Fund 4.806.63 6.000.00
Totals........o......oo.. t 52,118.63 $ 55,086.53
52.118.63
NET OVER EXPENDED.....oo..................... ! 2A~67.90
$ 2~967A90
BUDGET REVENUE
PAGE 20
EXHIBIT .. 0 "
OPERATION .HAINTENANCE AND REPAIR FUND
NOVEMBER 1. 1961 TO OCTOBER 31. 1962
CITY OF KDGEWATER., FLORIDA
BUDGET
ESTIMATE
REVENUE
COLLECTED
UNDER OVER
COLLECTED COLLECTED
Transfer from. Revenue Fund
$ 17.634&22 $ t8.500R~
$
865.50
BUDGET APPROPRIATIONS
OPERATION. MAINTDANCE AND REPAIR FUND
NOVEMBER 1. 1961 TO OCTOBER. 31.. 1962
CITY OF EDGEWATER. FLORIDA
BUDGET BUDGET
APPROPRIATIONS EXPENDITtJRBS
UNDER
EXPENDED
OVER
EXPENDED
Salaries and wages $ 8.600000 $ 8.845.27 $ 245027
Payroll taxes 250.00 269.41 19041
Power 2.000.00 2.180&46 180.46
Chemicals 500.00 508.01 8.01
Supplies and material 3.500.00 4.849&87 1.349.87
Truck expense 300.00 381017 81.17
Repairs and replacements 1.000.00 1.097.35 97.35
Telephone 200.00 259.07 59007
Printing and office supplies 100.00 191013 91.13
Professional services 300000 300.00
Miscellaneous 709.50 1.509006 799.56
Insurance 175.00 179.37 4.37
Totels.ooeoo.ooeoeo..o..o S 17.634.50 ~ 20.~70.lZ $ 2.935.67
PAGE 21
EXHIBIT " P "
BUDGET REVENUE
WATER REVENUE CERTIFICATES PRINCIPAL AND INTEREST SINKING FUND
NOVEMBER 1. 1961 TO OCTOBER 31,. 1962
CITY OF EDGEWATER,. FLORIDA
BUDGET
ESTIMATE
REVENUE
COLLEctED
UNDER
COLLECTED
OVER
COLLECTED
Transfer from Revenue Fund
L 25 .471 ~ ~ 26.386.23.
$
909.03
BUDGET APPROPRIATIONS
WATER REVENUE CERnnCATES PRINCIPAL AND IN'lEREST SINUNG FUND
NOV!KBEll 1. 1961 TO OCTOBER 31. 1962
CIn OF EDGIWATBR. n.oRIDl
BUDGET BUDGET UNDER
APPROPRIATIONS EXPENDITURES EXPENDED
OVER
EXPENDED
Interest
$ 18,477050 $ 18.477050
7.000000 8.000000
$
Bonds retired
1.000000
Tota1soooo0000000000.0... $ 2S~477.50 ~ 26.47~050
~ 1.. 000 ~.oo
BUDGET REVENUE
WATER SYS7EK RESERVE ACCOUNT
NOVEMBER 1. 1961 TO OCTOBER 31. 1962
CITY OF BDGEWATD. e FLORIDA
BUDGET
ESTIMATE
RlWENUE UNDER
COLLECTED COLLECTED
PAGE 22
EXHIBIT " Q "
OVER
COLLECTED
Transfer from Revenue Fun.d
$ 4.200.00 $ 4.200000
BUDGET APPROPRIATIONS
WATER SYSTEH RBSDVI ACCOUNT
NOVEMBER 1. 1961 TO ocroBIR 31. 1962
CITY OF BDGEWATER. lLOR1DI\
BUDGET BUDGET
APPROPRIATIONS EXPENDITURES
UNDER.
COLLECTED
UPENDED
Uo So Government Bonds
$ 4.200.00 $ 3.947.67 ~ 252.33
BUDGET REVENUE
DEPRECIATION FUND
NOVEMBER 1m 1961 to OCTOBER 31. 1962
CITY OF BDGEWATER.. ll'LORIDA
BUDGEt
ESTIMATE
RBVENU!
COLLBCTED
UNDER
COLLiCl'!D
PAGE 23
EXHIBIT " R II
OVER
COLLECTED
Transfer from Revenue Fund
.! 1+ ~8Q6, 63. a 6 "p.Q.O.. 00
BUDGET APPROPRIATIONS
DIPIlBCIATION FUND
NOVEKBBR 1.. 1961 TO OCTOBER 31. 1962
CITY OF BDGIWATER.. FLORIDA
BUDGET SUDGET
APPROPRIATIONS EXPENDITURES
UNDER
EXPBNDED
$ 1.193.37
OYER
EXPENDED
Capital improvament8
! . 4.8Q6.63 $ 5.038.~
$
232.22
INCOME AND EXPENSE
WATER FUND
NOVEMBER 1. 1961 TO OCTOBER 3l~ 1962
CITY OF EDGIWATIR It FLORIDA.
INCOME :
Water sales
Connection charges
Service charges
Hydrant rental
Klsce1laneous income
$ 34,664.35
3,703.71
665.00
3,487.50
58.38
Total IDc0m80000GO..............OO...OO...O.O.OO...O......
EXPENSE:
Salaries and wages
Payroll taxes
Power
Chemicals
Supplies
Truck expense
Repairs and replacements
Telephone
Printing and office supplies
Professional services
Insurance
Bngineering services
Service contracts
Safety equipment
Miscellaneous
$ 8,845.27
269.41
2,180.46
508.01
4.849.87
381.17
1,097.35
259..07
191.13
300.00
179.37
259.59
594.60
437.50
217 .37
Total expenseo..o.oo...........o..........o..o....o..oo...
NET INCOHE FROK OPBRAXIONS.......o.................o..
anum IHCOMB AND EXPJNSES:
Utility taxes
Interest on D.. S. Treasury Notes
Less: Interest paid
$ 667.50
99.03
Total other income.........................
>>educt: Interest on Revenue Certificates
$ 20,411.09
568.47
$ 20,979.56
18.477.50
HIf aI'BEJl DCOll!... 0 . . . 0 . . . . . 0 0 0 0; . . . . 0 . 0 . . 0 . 0 0 . . . . . . .
NET INCOMB.....o.......oOOQoo...oo...o..o...o......oo.oo.oo..0000..0
PAGE 24
EXHIBIT " S "
$ 42.578.94
20..570..17
$ 22.008.77
2.502.06
$ 24~510.83
CASH RECEIPTS AND DISBURSEMENTS
- - ~
commNITY CENTER FUND
NOVEMBER l~ 1961 TO OCTOBER 31, 1962
CITY OF ImGEWATER ft FLORIDA
BALANCE PER AUDIT - November 1, 1961
RECElP'1'S :
Rents
Games. etc.
Re funded service charges
$ 445.43
2b624.00
2.88
Total receiptso....ooooo.oo..ooo.o...o....o....oo..oeo
TOTAL TO BE ACCOUNtED FOR..o.........o..o...o.o..
DISBURSEMENTS:
Electricity
Flowers
Office supplies
Haterial - Ball Park
Water
Custodian
Bank service charges
Supplies
Children's Christmas
Payroll taxes
Beating
Repairs
Dishes, etc.
Bulletin Board
Humane Society
Record changer
Floor tile
Sand jars
Water heater
Fire Department
Hicrophones
Mirror
Christmas lights
$
108.51
5.15
095
227.81
46.75
930.20
2.99
154.25
10.00
59.40
148.20
107.11
254.54
25.00
25.00
35.00
203.70
23.95
85.00
50.00
123010
22.00
50.00
Total disbursements...................................
BALANCE TO BE ACCOUNtED FOR...........o..........
ACCOUN'lED fOR AS FOLLOWS:
Cash on Hand
Bank of New Smyrna
$ 5.43
1.032.25
PAGE 25
EXHIBIT II T II
$
663098
3..072.31
$ 3,736.29
2.698.61
$ L037.68
t LQ37.68