FY 1959 Audit Report
l
.
.-~
MAYOR ~
COUNCILMEN:
F
!l.TTORN1IT:
eI TY CLBRK:
AUDI1'OR:
/
I
AUDIT
REPORT
OGTOBBR 3l~ 1959
')" ---
GrIT OF TID!}~,{A'!'r;;R~ FLORIDA
Crawford Co Shaeffer
William Maler
Stanley /!" SenF;!, Sr"
R~ves Po Smith~ 5r"
Dana ilrmstrong
John E" ChisholJ.l
Frank F 0 'Dippery
Frank M 0 ('.:enter
FRANK M. GENTER
CERTIFIED PUBLIC ACCOUNTANT
-;.
MEMBER:
AMERICAN INSTITUTE OF ACCOUNTANTS
FLORIDA INSTITUTE OF
CERTIFIED PUBL-IC ACCOUNTANTS
AMERICAN ACCOUNTING ASSOCIATION
ROOMS 6 '" 9 - WINGATE BUILDING
11612 VOLUSIA AVENUE
DAYTONA BEACH, FLA.
TELEPHONE CL 2-6101
D.:: C{~-':lt.'el""
.', r ~
.l:..<'
:L9S9
~\o ;~;'.'(;C. FJ()~'io~'21)le i';:'c.~rClr)
:;:1:'10 Gi~-J::r CIJut"le11
GitV' of r::(~g(:nldtef':1 F'lori d a
C~J Y":.i~ :Li~Jiir~;n:;
I h.;~v,~ ,~J\.fi..ifD.rler:i t,11e 13~ l;3nc.~:' .:~b€.E-: .~'.1 of" tIle City'
of: E.:dgewats:r,:. l71ol':i.da, as 0:' Oct.O~3r 31,) 1959 (' and th? X'i::lated at C!tt~mt:mt,s of:
lnGfJrr~e an.!} r;1J.rp:lll;~; to!:~ th.H Y\:;c:n~ "~rlen err] eel li
r..tv Q;.~~a','rl~lf'i.aT.:Lon '.U;~S rj1HOe 1.j~
aCC;(;:CC8:-;i.~~S ";:iti."'t g8r~\~::"c..~cJ..:Y' "_l~:cer.}ted (~11..1ditlrJ.{; st.al"ld.m"'ds nnd r.;.cc{)~"d::ll.g1.:y' i:1:.;~liJJ~ed
::}~J.(';n tf::_~~';-,f~~ ci' .;1CCG:;.x::.t:!.:1g :~3 :::o::'ds ~~.i!c:. slll~h crthe.r f.',Up~po:t.tin(? f~;~;-:!.Gen(:f) ;:t,~~~ eoY':' ~\j_(i9T.'~"'"
ed r},:':c!_~s-,~-;~~:(~r ::.1::' .\)~~:) .::ii"C;"'J.:11st3TICI2rt
~~n, In:y cF,:i..nionrr the (:~~eeor:"!r:~H.ny-5r!g 'baJ.ali.G8 shea.t
encI 1'\2 l_:;"t/ed. si;",.-tsffi8nt s of income. an] surplus .::"8 i:1' ly p~eE'i31.TL t-.-:s fiTjen.c.:i.al
position of the City at Oeto/)er }If 19590 cmd the res'!J.lts cf :~t.s OP"~1.'3tj (j:~iS
for the Y:::?T t11en ended ~ in confox'nLi ty witb. generally. clC r.;e };t!:~d p!"incip1e~:;
e.pplied on c.~. b2Si~j consistent .,~j..th th~t of the pn;\cedin9; ~rear"
As a result of m:r 'rwrk,) I subndt, horewit~") the
follol7ir.g deserilx::d statewEnts r together with m:.,r comments relative thereto~
B;cm.BI'f
fI Ji II
GcnsoJ.J.dated BaJa neE:: Sheet.., :iatc}:' ,I'r: neneral F'una
<~')rI1 I ~J~ T
n B 1/
B<J]..anc{-3 Sheet - (}~p-~l'a~l FU.11..'i
SGJ-lSi;l)'L'~:~
t~ 'p.._.:lrt
~:r\a): $21(:: G~r;t,ificat,t~S ~'~. nB1~lf~r'al F1Jj"~d
5G~1 !"~frJ.,~:;
f~ P..~<! tt
l;':i..~KE;(l As-:;etf: ~~;. C1f~~"~E:L"'Dl FV.:nd
r.;l':;.:~','.~;I'~'
1\
r' Ii
"
C:3sh EGGC:J.ptB ;:~TJd 'D.:LsljUT[.~C:iI':~-!!ltS .... '~'jt=:)1G~c~al -:;lUI1(j
~KH I !~X r(
II jj 11
'8ud~;;~:t .4..Dprc'}')riattor~.8 ":-;. (J,f:;:rl~.1~r-~.I Ti\:.:t>d
EXILur:: T
tl S \I
Gonsolj.,,~'~ :~~t~ed B2 1.a1] eE:1 S11r'{:1t ._"; "l~l:'~ ~/{t~.ter f'Ui':i(1S
EXHI 31 'i' r: F II
,€XIIj FIr!l It G :1
BXHI HI T .., R II
I.
"~XEIBI1' I: ;[ 11
-SXBIR IT r1 J 1'1
EXElrJIT " K II
'!:XHIBI'J' It L :1
T~XHI P,I 'f' rt lJ If
EXHJBI'l' tl H n
ASS Sl'S:
Gonsolidaten R::-lance Sheet <Z' All Water li'undsf Oct., 31r 1958
Bal:mce Sheet ,-. NateI' Syst.em Revenue !<'und
Ba13nce Sheet
Operation v Mai ntenance and
Repair Fund
BRlance Sheet ,~ Water Revenue Certificetes
('Tin cipal &. Interest Sinking Fund
Cash Heeeipts dl.d Disbursements.,.. Water System
Rt'!venue Furrl
GaS~l HeC:.;;:l.pts and Disbursements =, Operation~.
Maintenance arrl Repair Fund
CAsh Recei pts ;md Disbursements - Water Revenue
Certifi.cates ~ Principal & Interest Sinki(lg F'und
Incorr..e end r:ncpense -- Water Fund
Cash Receipts and Disbursements
Community Center Fund
COMMEN1'S
CASH Or! H AND ANn D: Bt\N~ .;:, $48~)2Lili"Sh
All bank account,s are in the Bank of New Smyrna:) New Smyrna
~ach. Floridao To guarantee accounts of the City in excess of $100000000
the Bank has plac190 $2101'000,,00 He S" Treasury Ronds in escrO'.",o The aCCotmts
Vlere reconciled with bank statements <'
RBCgrVllBL"S ~> ~3 v 72.!.z~
Th~ outstanding tax sale certificates total $7910130 These
are for taxes prior to 1951" at which tii'llS the County assumed all tax assess=
ment~ and collections" Lot c leaning liens in the amount of $105,,05 from prior
durinr; the '{em'"
years are still outstandints on the books" T'nere was no chan~e in these accounts
"2 R2r::': "0
~ !.... /t,;..J ()
The accounts re-ceivable resulting from the s.gle of water total
All outstandinv accounts .=.re considered collectible at this time"
FIX~D ".' $577,.025003
________~_... ---A.-o
Trr.3 fixed assets ~present tile capital assets of the City 0
During the veal' e new City Hall Builning '\'las constructed" The old City Hall
Building now houses the LibrArv and the Chamber of Commerce c The fixed assets
of the Gener81 Fund are sham on SChedule IIB,,2ti., Fixed assets of the Water
Fund"
Fund are shown on Exhibit 11l-3f1 (; the Balance Sheet of the Water System Revenue
R!iconciliation of the accounts is as follows &
GS?ER/1L 7mm
B.alance per Audit = Novemoor 1;) 1958
N~~ CI i''{ HALL
OFFICR ~~T.J1PMr.;NT
Cabinets '
Bookkeeping Machine
Chair s and Desks
Addressograph () Stand & 'J'rA~rs
Undenvood ~1ectric Typewriter
Qd.J.mer Adding Machine
Verifas'C Duplicator
Contex Calculator
Remington Rand Adding Machine
ROAD HACHINBRY
~Garbage & 'trash
Small Equipment
1959 Chevrolet Trash
Road Maintenance
Signs
Smv
Ford
Truck
Tractor v Sherman Panther
Dir-ger & Equipment
Ford Loader & Bucket
1959 Chevrolet 314 Ton Truck
less: Trarle=Ins
1956 Internat iona1 300
Tractor & Equipment $ 49715050
Int~rnational Dump
Truck ~ Front End
Blade ~~577cOO
POLIC~ l)'SPARnr:<:NT
Slectric Tirre I' 'Squipment
Alternator
Filing Cabinet
F1eetcom Wobile Unit
SmCl,ll Bquipm:mt
1959 Ford Custom 300
Less ~ Old Police Car '1'raded
$ 19697050,
2/)750000
10639048
715056
378000
288000
:1L.8000
125000
209050
.S 24075
. ;k..652 080
$ 220056
249",40
70356000
11)010000
2 410056
$ 11::2Ii6052
7 ()292 022.
$ 50005
71,,33
26,,09
389....70
6041
2~.33090
:r3 /) 377 oGO
_2 fl7tx,JJO
$152 c 621" 71
$ 211'~'?309,
7095101.4
3()677 055
30954002
615 ".48
FJR~ TJBPAR'Pil;;;WJ'
-'Hose&'~?-~ou p1ings
Small ~quipm~nt
$ 2 nh?8,,2S
17,,02
.) 1.9c; '>""'
Co ;jLJ ./ ~.t;.. ~
____._,.....___.1......
CU;.~I.;U1'rr'l'Y HOUSE EQUIPrF;;NT
-'Kl kEe n ~.urpIDent
Cha:I.rs
Heating Stove
Fan
s
167..,25
216 cOO
75,,00
J.1O,,00
568,,25
--~
$ ,8 ;>4700e7
_ 2l..!,SOOoQQ.
STR~~T PI\VING AND SIDEWAlKS
..---..----
Deduct.~ Book Value of Land Sold
Net Adc1itions .. GENIm.Al.. FUiffi
36tl.970c2.l
$:;'890591098
1~TAL v.rXSD = G~N~RAL F~m
n A 1'ER 1" \.l~1)
waf."er'PT:mt and System
Line ~'xtensions
Equi pffi(~ nt
$3PO "094,,.80
60452003
886.,22
GR.A~'D TOfAL r;:;. FIX1'~D Ass~'r'S
-1871]433005_
$517 p025003
---
TOTAL ~~XED =WAT1R FU~~
~~!J~NT-9RY = $3 Po 601037
This inventory represents mat.~.rial and supplies of the
Water Pepartment on hand at the end of the fiscal yeaI'o 'n1e inventory was
taken by the City employees and accepted by me without detail verificationo
M~TSR DSPOSIT = $20,,00
This deposit is made by the reneral Fund to the
Water Fund to. g'.lurantee paym::mt of the lm.t~.;!r nccount.,
L I A B I LIT I 1<;.S
ANn
SURPLUS
..----
ACCOUNTS PAYA BL~ = $lo468,,4~.
As the City op3ra tes on a cash b:>sis the accounts are
not set up on the books until npproved by the City Council at open meeting
and paid 0 'rhev are!J however (. set up on toe P"rlla nee Sheet so that the fair
financial position of the City will be reflected by this aurlitc
cm~'T'R.I~C'rs FAY A PV.; .~ $4.,498.,,91
____u~_._~__._~._.__.__.__-
During the ye.sr the City electer'l to parchase twCl
trucks on the inst8ll),l1~nt basis" A. 1959 Chevrolet Trash Truck Vias purcha.sed
at a total cost of $30652 ,,80, pay-able in 2L installrrents of $152 <,20~ The
'bnla'IJ.ce owing on this contrRct 2;3 cf date of at:.~it is $21>891,,80,. The City
also pur-chs sed a 1959 Chevrolet 3/4 ton truck at a total cost of $2 0410056
payable in 24 p8ym~.mt3 of $lOClc.4L" T'ne balance owing on this contract as
of date of a~di t is $J./<')7 (.011,; Both contracts are payable to t..~e General
j\;otors AGceptance CorForation"
lHTHHOLTH1\G N"O SOCIAL S'":CURITY TAX~S PltYfl13lE co' $226cu.h
--~..................-......_:.._------
The above item represents income and social security
tC3xes ,'lithheld from employees wafes and i~ OU3 and pavable i." Januaryp 1960"
~o ~1.7 .,~
''':2~:::::...~
M~1'-:;R n[;POSI1'3
Th~se cief..'Osits W8re made by wat"lr consurrers to guarantee
payms nt 0 f the ir ace au n ts c When the ace ounts are closed and the bi Ils pa id l~
they are refundable to the consumer",
R~FUNDABLE LI1R ~X1'~NSIONS = $124r20
When the water line s were being laid the City rece ived
a I'e(llla at to extend the line '0 As this extension would have added only one
consurrer to thi:? Cityo arran~ements were 'made for the c3ons~r to pay for the
cost of extenrling t~ line \vith the stipu1:.!tion that if and when tY10 or more
cons Ut'1lers tap into t.h is line the cas t vd 11 be re funded 0
~~RSV~Nm G-';R'T'IF']C:/1'i',~. = $400cOOO,,00
On March 3rd g 1958 the City passeo a resolution
authorizinr, the issuance of $hOOcOOOr,OO in \'rater Revenue Certificateso The
pur;,:ose of the issue iVC'S to provide far the acquisition~ cons truction and
est;:;blj_shm~nt of C1 municipal water .lorks svstem" The certifie;>t~s are da ted
Febr.uary I,) 1958 p in the d~nomination of $1,,000000 each () numbered consecutively
]. 1.;,0 400 inclusive 0 S,gid lBVerme certific<:ltes shall tear interest at the rate
of fOll!" <lnd t}1..l~ee'..qucirteI'S l~r ccn"G pc:::' armum or ,meh lesser rate or rates as
ill.).)' be f:i.xed by su ppl:1,rontal rf~solutioll or ordinance adopted at. the tilr.e of the
smns end Cli:!ard of th~ Cl~I't:i..:ficat.es ~ l'mich interest shall be evidenced by coupons
at.tach@cI. to said certificates and :.i.:'1all be paY-d ble August 10 1958 ar:d 3t'lm:l""
<3nnuully thert!l~1ft~r on F!:~bru<:lry 1 cmd August 1 of each '~7(;)arv and said revenue
certificates shall be sCheduled to beeome due and paV3ble in nlJrrl.erical order
on February 1 of the respectiv~S! }~ars L' as follows:
MIl ']'URI T1 AHOUNT HATURITY AMOffi'lT
__~a-.~
1961 ~ 7cOOO<,OO 1975 $ 14,,000000
'"
1962 8cr.oo,,00 1976 14,,000000
1963 8 DOOO...OO 1917 15 lIOOQ 000
1964 8 900..') <l00 1978 16&000000
1965 90000,,00 1979 16~OOOI300
1965 9$000,,00 1980 110000,,00
1967 100000,,00 1981 18 ~oOOoOO
1968 10,,000,,00 1982 19~000000
1969 J.O~OOO"OO 1983 200000000
1970 11(;000...00 1984 219000000
1971 111)000,,00 1985 22 DOOO..OO
1972 121)000000 1986 23(>000000
1973 l2 1)000(,00 1987 230000..00
1974 130000,,00 1988 2hl)oOOooo
TOTAL $4000000..00
Providedf, howeverp tbat said revenue certific8teG numbered 41 to 4001} inclusivell
from tirrF.l to t.ime cutstandinf4p shall be subject to redemption by said City prior
to maturity in whole ~ or in part in inverse numerical order on any j.nterest
pa.yment date on or after Febru.?rv 10 1965p upon terms of par and accrred interest
plus a redemption premium in an amount equal to or.e=quarter of one per cent of the
principal amount thereof for each year or fr~ction thRreof to elapse between the
date fixed for such redemption <Inn tr.e final J!ll'lturity date of the r es:p=ctive
certificates: but -.-vith a maximum redemption premiml1 of a'1 amount equal t.o four
per cent of such principal amount" Both prtncipaJ. and interest shaD. be payabl~
at 1'116 mS.ir:. office of the Rank of Nefi' Smyrn.s,:" in the City of New Smyrna Reach;)
Florida:: or!) at th3 option of the holc1ers of the resr.:ective certificates I.' at
t.he m@.:1n office of the Chaso :J.Bnhattan Bank/) in the City of New York!) l'!ew York,.
SURPLUS r,' $236.; 11.a ~21
T"l1is account repre sents the excess of the City ~s
.9.sset~:: over tl1e G:J:i~yZs liabilitit'ls as shown on the balance shre t"
G~NER.4.L
The: City oVcr"",,,~xpended its estimated expenrli ture of
:~82 ;', ~)9c<' 0 r::. . n bv ~,}', 030 3 r'
, -'" ,,) "':.) ,>;)c
This was rue mainly to the construction of the
:'cev: City' !iall '" The overe~nditure w;:>s possible c1u."! to surplus funds of the
pn~vious year of $2Lo655~07 and rec~ipts in excess of tr~ estimated $82D996050
of $21D355(52 \}
Exhibi t if 1,,'f: is a Cash Receipts and Dis bur sement s
stat~ment of the Community Center Fund" The disbursements were segregated
and all capital items were set. up on tre Balance Sheet" These Assets are
ShO'lffi on Schedcle tlF:k2t: c
Utility Taxes in the amount of $15,)737 oho iiere
deposited in the Water Revenue Fund in accordance with the Ordinance covering
the iss uance of the certificates 0
The City nor. has in operation 827 water meters as
follows:
3/4 Inch
1 Inch
1~ Inch
~~ I h
- nc
'T'OTl\l
811
13
1
2
82'1
769 of these are active at this time"
The General Fund has f:f2 fire hydrants for which it is
paying the Water Fund $50000 each per YGaro
Insurance COVB),',9ge on the Vi:'lter Fund plant and
I3qllipment is as
foll<ms ~
Insuror:
Age nt:
Pohcyg
Tne Home Insurance Company
Toxey 'lVhitaker p New Smyrna Feac h I> Florida
#,1212
t?~riod :;
Gov'er~~ge ~
Prof:'erty Cov~reri:.:
1'eSi.! /~~lOUllT
--.._~..~~-
"' 26 Q 000
.J.
:::: o 2t::o
/ f. "~
~ 26;.000
.;
}~ hoc
.' 500
)
6 20000
7 3 c. 000
't' "'"' "ifl 'qCQ t, ;"1/'71,.-1.. "H '0':'1"\
1l 1.~l..J~.. .1./.,. ._) -!..~.) / J.:J n,.. IJ, J0;.., -.;.."; p .)../ 'J,j
FiT ~~:.' I,ightning t !~J(te~r1c:d Co~r~.~r3 f;? () ~V dL'1d..aJ. i~nJ1
and i,1ah.c:::"ous ;.Jlsch.li:. i r
n SS GIn P'f'I ON
On elevat.~~d steel Viatel~ tank situated N/s E Park
Ave",.. Edgewater r Fla 0
On JiA,~ watH treatm~nt plant bui.lding situated N/s
Eo Park jp,re ,. ,. Edr;ewa ter IJ Fla <-
Machinery & 'Squ:ipment while cont,<Jin~d in Item /l2?
IGM Pump House III situated approximately 2 miles
w~ of R",R,., at "Sdgewater well fieldo
IC!~ Pump House 112 situ;!ted 2PFOxim?teJ.v '2 miles W 0
of floHr, at "Srlgewater 'fiell field"
On M<lcbinerv Y,,- r.~qu.ipm?nt while cont:iined in Item ~~ 0
On ~~achinery R, 'Squiprrent whib cont"in~d in Item llc;'<;
eng} DD21' tOYc the Housing ::1110 Hom,~ J10'i~ncyo th.~ ,,"tater r;:jt~s were cb?nged from
UpOH th~ rCC01i1rr;9nr!:Jt:lon of ~ro Ch.;r1!s Mcmningl)
,"'') c'n. ~ .M f" t 2' 000 ".- , 3C'A, - COD 1 ~. tl ~
';'~{.. "';:-" lOT ",'1e -ITS 0 f,.? .u..ons" anc: .Jy_ per J"~ ',l g8_J..ons J.rl excess 1~reol
to $2,,50 for the first, 3p080 gallons cmd 3S~ p~r l!,OOO g::JUOYlS in excesso
A budget was not prepared for the v:~rious Water Funds
as the operations began Febru;u"f 19 19590 1'he engj.re~rs~ ho':{everl1 have
prepared a budget for th~ fiscal reel' November 1,; 1959 to October 31G 19600
Water Fund shOlvs a net profit. from op~rat ions of' S.~2 1)331.,950
~hibit n lY., tI~e Income and "Sxpens6 Stnterrent of the
All Funds required bv the Ordinance coverin!!, th~
issuance of Revenue Donds have been opened and ~s of date of audit the City
deposit~d the amounts callerl for by the Ordinancp. with tht': exception of the
Depreciation Fund", However~ subser;uent to date of uuditt th~J City transf~rred
from thE: i!atei: !ievenue Fund the el";i;.ir(~ $lRf'OOO~.OO rer]uired by thl'::
Ord:tlisnc.:; &nc tnvcstecj sa.rue in short term Ua $" Secur.itiea b~aring
I 3<1'
inter.est a~t,.. t.he rate of 44:,)::
Respectfully submitted.
~N~Q&~
L 1 A B I LIT 1 g S A~1) SUR P L U S
ACCOUNTS PAYABLE=Unrecorded
- General 'F'und
Water Fund
$ lr34105o
126098
CONTRACTS PAYABLE ~ GMAC
WITHHOLDING & SOCIAL S~CURITY TAXES PAYAPLE
METER DEPOSI TS
REFUNDABLE LINE EXTSNSIONS
WATER RWENUE C'-m'ITFJCATES
SURPLUS
General Fund
Water Fund
$196v529(0)
21;j218018
$ 11)468048
41)498094
226044
80541015
124020
400/)000000
217 f) 141 (,21
TOTAL LIARI111'1ES A ~m SI1RPLUS
$632 [; 612042
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};:(3\;~~:.:- .(~:~.:.~:-y..
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:t r~c ':.~I'I h ~~})~.~::
~"""""'::'''-_r...._.~ n__".-O;.
'I1;;~=r .~'s.J(:J :_:i.:::.."'t.:li."ica:.es (Scl!edi,?J..e
:....o.(~ G 1:~ ~G:tn t:S Ij.!~ n~3
rfr~~r:sfQ!.13 ::.. lY~(~er. ~"l..1.nd
'f;'T'o:,>i:r.':jj:' ..... (C' rof-.. ~ .0"1"] e [J } ~
. _ _. '-'.....l1.C '. U ., '_....~{~:
;Z~~lef~1-l 11 E;PCS I (j~
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-'."_ ..~r.-'.........'.;,. ..............~.,.'..... ......
G"t~;:.}ERJ~;I; FTn~D
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"0 1 '\
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L I A R I LIT I E S
!iCGOUl',?f~\3 PfL-\~liFi..~
2.2l~~:J~:r'S_I:!~:{ J; :~~}. ~-' G \J.~..1.) ~q " G {)
iff II'HHOI})I N0 '?AI: P ;iY/t nII1j
SCCIA!.1 ~EGU}~J tIty ~1J~X PA.rkBL3
3V}~PL"fJS
'~-~-Slu':'j::lu3 ~., ;.jov'?;1iloer Jf, 19:;8
;1(16 ~
Fixed 1~SS6t~ Acquired
U'c.:Llity T~:~ po~;:l.t
I!ccounts p[!'-{8'r,J..e.~1958
[}cjouct;; Vu:h;'.r;;: of :Land Sold
Gontra c:ts Pc;ya.bJ.e
A(;Gounts P2~rc?~bJ.e._.19S9
17;:Kc(; Sf; of 'S;:p.:; nse lJi,re:c
Inc:)mt';
PH~~21~'i.1:r: SlntP1)J~:,
r:~C':'r~;., :!,~i./~'t2Jlj~'~'~r"~s I. ~...:) ~:!;EI)Ij.:::::'
A~\TD
~s 58,,470027
1::0.,00
683._93
1\ 2' C",.-,r"\ (V'
;;) J. ~;.J\JVoVv
lJ "1.9c<{ 01,
. ...~. ('1,/1.1;-
., .. "1.., cO
~~"n;u..t'J.) ;
1'2 .. 671: )33
--_..-'".._~~._-_.
'. i'
"1":;'
~-j 2S:~.Cf.)
~~: 3~? C>),~;
9 r;65Jn8!;
-... .........,.,...~" "".......~....,--'~---
'r. 791,:33
11.05 c 05
2 - 16 C'"
_~_...:~ "'.,0 -'::~~~
SURPLUS
~r:L77 ,.37c..10
59 ,,1?4 :,20
7;~?r":(r.::-' ""'1':'1""'''.1'0"-
":~:~ _/ t; t;. ::'Lf.!..J :; ..J
!. (~ ('.1 r:: ')'j
..--_:'!:.::..~:;".~..(::~..~
U. 9 (, 909 c,OC)
3 I; OO~? ...69
189 H591(\98
~_~.~32.::..2Q
ij.;;:02..523,,6"(
......;~~_....._=---~..~
--.--_..~
5; 1 ~ 31:1.,50
1!cL98<.9I-t
B8,,60.
65.,60
"'~6 ~29 0"
~_~'~?~M K::'.;_.~~.._2...
:i~(:02" 523 ~67
:=.::-~~.::.=.:;
r:, (. v-
_I. 4! "
S A 11 E
c ~ R ~a I F' I CAT B S
O "'rc'-'-~n 'l~ "'I ~5''''
G rt jt<~.!'l .) I "1....
___.~;-=---=_L.=~...~v
CITY OF Jr0G1~l:q A'l'lm -; l"LOR.IfJA
...._..-~_-~_I___.__--....--..~_....._~--~_.._----"'~----...."'.-..:....--......._~--
TI~4~f( A. MOUNT
~-
1925 $ 41057
1926 200007
1927 137000
19:?B 77 054
1929 12092
1930 76..58
1931 120Wt
1932 26048
1933 133070
1934 2062
1935 12 037
1936 2074
J.937 6026
1938 4061
19h3 17028
194h 12064-
1945 7045
1946 1043
1947 1013
1949 1031
1950 2~,~
TO'fJ'.L $ 791013
SCH'SDULB "B=lll
FIXI~D
A. SSE T S
-~...._---.-__..---
OCT~Rml 31~ 1959
-~ ............. ......_.~_......
GEnSRAL FUNTI
CITY OF rmGI':r\'tl'lSR. FLORIDA
_.._-_.-........_--~.-._..-.........r_~_____.____,__~_________~_.._~.---...____~
ITIf;l\i
JliJOUN'l'
---.._...,......~----_.--.._---~--
1 ...........,..-...-------.-.-____.-n:~____
ROAD MACHIf~SRY
$ 36:;861,,50
-~--
FUR NI TUR E &. FIX '7'UR ES
...- --....---...-
9"h96"OO
YAPS
80noo
R!,;flL 1STA'f'S
209fiSl035
SESLL STRSS'l'S
-.-
40170<.>44
420955,,43
STR"Z'l' PAVING
---.a-___,.__
STRAND ROAD FILL
3~797000
Tat. :<'P1G LIGH'T5
111055
..___-L__.t&.l>~___.........__
POLIC'S D~PjIRTHS~)T gQUIPlJi~NT
----~
4,S88,,88
SMAl.l. ~'OOIS
30000
...--....- -....,
FIRE DEPARTM'<;p!'1' 1];(~UIPM:!;NT
140898084
6790B4
S'l'RS:;;T SIGNS
LIBRARY & CHAMB~R OF GOHM~RCE
5coooooO
17 r.687 ,,82
60273023
1.186,,15
-32-1'123091
$189 591Q98
:~ = :':':~1'"": i =="~~
COMMUNITY HOli'S!!:
-~ .... - 8DI
~Ol~i~rr.TY HOUSR EQUIP~mNT
Ln~RARY FURNI'J'UR~ & FIX'l'URr.:S
i\rr<;11/ GI '1'1' HALL
-----------.---
1'0'I'AL
SGff1~l)ULE tt Bf".:2 ::-
CAS H R seE 1 P '(' S Mill D I S Ii U R S E M j<~ N T S
N?VEHRRR l-~958 t<? oc'roB~2~p 1959
G:r:.'ERAL FUND
CI'I'Y OF lillGi5W AT'ill FLORI DA
_. Cl
BAJA NeE per flu1lIT ~ October 3lv 1958
___L ...... _._
R SC'll PTS
-cUrrent Taxes
Licenses: Business
Liquor oWine P" Beer
Permits: Occupational
Building
Electric
Antenna
Plumbi ng
innes 0 Forfeit ures
ut:i.lity Texes Collected
less: Paid to W'ater Fu."'ld
Franchise Tax
Cigarette Tax
Dog Tags
Garbage & Trash Collections
less: Discou nts
Lot C Ie lming
'I'ruck Rent al
Machine Redc.al
Sale of Propert.y
Less: Ex:pa nse of Sale
Paving Expense Reimbursed
Refuril. of Engineering Fees
Mis cs llare OIlS
Withholding Tax Collected
less: Tax Paid
Social S~curity Tax Collected
LssS I Tax Paid
Note Payable:Bank of N~w Smyrna
TOTAL R~1TIPTS
TOTAL 1'0 r.,,: ACCOUNTED FOR
DISBURSEMSNTS
~"GeneraI '1o'1e1' nrne 11 t
Mayor ~ JUdge {;. 1':IOUtlcil
.. Sa a!'1es
Clerk's Salar'y
Deputy ~ P~rt Tiroo Clerk's
Salary
Cashier
Attorney's Fei'3s
Elections
Of'fice FixtUl."'es & gquipment
New Cit y Hall
Office Supplies
$ 611098,,25
1~628000
$ ~lOoOO
2..353000
10281025
74000
755~00
$ 1506'27040
15 11627 040
$ 6(} 667 020
-92 o~p
$ 23ll400,,00
206065
$ 10361092
10345,,32
$ 867086
849,,1.9
Reach
$ 260789..51
7 1)726025
4,,973(l25
70553000
=0=
10;294039
6v214051
183075
69575010
409,,63
700 000
700000
239193035
20973.;00
78:)064
305064
16060
1.8067
51)000000
SXHIBIT n C n ~ Pa~ 1
$ 29175000
2,.700000
21)21.15000
845000
670000
96010
7,,951014
2111123095
Itj571 055
# 24 ~655007
104~387l>29
$12 9 1/ 042 .,36
CAS H R ~ C Ii; ! P !' S AND D I S 11 U R S 'S H -;;; N l' S
NOVT..;MBSR 1" 1958 to OGTOBS? 31,. 1959
I>. _..-... ___ u
Misce lianeous
Auditing
InsU!" ance
Inspe ction Fee s
City Hall Upkeep
Social Security Taxes
STR~T D!:;PARTMRNT
GarbaGe & Trash
S8):a rie s
'Pruck & Trailer
Ex~n sa
Repair s
New Equipment
Dump Maintenance
ROAD MAI~rENANC~
- galaries
Truck & Tractor
Expm se
Repairs
New Equipment
Miscellaneous Road
Repair
CITY OF' SnG~N/l,'T'r.;R.ll FLOR.T~~~
$ 70265020
813Q59
174c79
7850075
32068
$ 40821040
944074
234,,17
7 p153c48
1,,877064
.
STRl<]!;T PAVIN G & IMmOVE~~f\!TS
Met arial &. Paving $ 16e~jl8007
Surveying 935000
Mis ce llane ous )31 ~ 54
MOSQUITO CON'T'ROL
---Sal aries
Tractor Expeme
U.i.s ce!lane ous
STREBT LIGHTS
POLICE DEPART1~T
Salarie s
G~s v Oil ~..t Repair s
Supplies
MisceUaneous
Prisoners Fee s
Tele }ilone
Radio Service
Nl'!w Equipment
}....r HE DE: F fIR'l'MSNI'
'-nrn Hydrants
Donatio15 to Firenen
Truck~xpense
$
3370~
73013
245000
782 096
250.,00
20815097
10434 048
h09,,63
733000
$ 91)072 001
15 ,,031oL.3
189084061
655017
$ 6,,969000
1,,208032
398045
L4025
260000
200041
74075
1'l5~~8048
$ 20325 'JOO
200000
386030
45 ,,809~,78
420843022
4,,315006
10.,693,,66
~TAT'T' n G II = Pi'll);'", ?
CJlSH RSC1<;IP'1'S
---
A~'D
D I S g U R S ~ N ~ N T S
...._a___~..... ;..:,.'
EOVE~;.:t l,~ 1958 ~.~TOnER :31,; 1932
CITl.2!r ~Dr.~'l !.'rB~ (,~T.L~I~__.~'_r~__"~_'__
New Equipment
Miscellaneous
Telephone
1igh ts
EW~R0~N(;1 r.;s ..".cor;rrH: GSl':CI SS
---Water '6~Partmen~t Expense
Humane 3ociet~f
'fl'irewoj-1r.s e't Re.:::recrt;ion P'.cozram
.Janitor
Safety Patrol
Mis ce llan eous
Interest
Note Payrrent
111ffiARY
-sarary
Books
Miscellane ous
TOTA.L DISSURS~IRN'J'3
RALM)C';;; TO p~ ACCOUH'T"{!) FDR
liCCOUNTsn li'OR N.; FDLLO:tS
Petty Cash
Gash Q1 Har:.d
B~1nk of NC1W Smyrna
,) 49~ .) 'f
.... () ;> ,.,c...
222099
72,,24
M~__ ~15 .,54
$ 20106<51
300(.00
52 5" 00
100,,00
100 <,00
215,/,6
181,,75
5,,000.,00
Ii ___
S 180000
1]2050
T(?,,~
S:iHIB1T ,; G It .. Page .3
5 j, Bl.7 " 3u
8,589,,02
1;,06~2 ~.
t. 2$,,00
232,,1$
~ 9 !62_~~~5
119,,133'.,36
$ 9;;909,,00
(. "---
-.....- .
9 1.909 c O_Q.
.--............I...---..-....-=-------.-~..--=-----~..--...-~-..........-..--____Il............,.,..__.__.___....1O---......-~........_~..--'"\Ift..~.~'Y...~
rrO'I'fJJ..
,'lPPHOPRl!~ 1''W
l!:XP':':ND!ID
o.MI""".......__.._______..__.__.___.........____
~ 1.90530.,00 ~~ 45 !)8090 78
....
370391,,50 42 ~84J,~22
4;.600,,00 40315006
100725000 101.'693" 66
5"lSOc,OO 50811 (,).4
L./)oOoe,OO 6,)482,,51
_.____~_..~...J.:.t60.? ()~.._J. f.O~~.? ~
1), 82, 9960.50
"
.,-, 17 0"" Sf':
:P.l. (};c. D" :>
.'->o&"'_A__.._...._...--...______~_ ....
.-...._._~---.-..""""'""-...."'....---_._""'"------~
UNEK p~rmF.D
OV!ill<:,gXPENDED~c
-C .. __._.L...._--:-........
..._~__~"ll'~<<-"lUoo._._~~_.:.;.:..~~
$ 26r;279,,7&
5).~51C' 12*
284 C' 94
31034
667034'.0,
20482 c51'lJ
53h.,n
..... -~~_'---.::..o._....-s-_________
$ 3hDo30b35*
--_-.:-
"'-.......... ----
.,."'-......._1a:"IIl._~~
-
C 0 K SOL I n A T ~ D B 4 LAN C S S H S 1 T
~~}l. ~~59
ALL WA1'~R YUNDS
____._..._.__-.S:!!!_~:~ ~D~:;;V t, l''i;R, T<'LORln;~
A 5 S '<; 'T' S
CASH ON H PJm AND IN BAIIlI(
-Revenue F'Urid
Operation & Ma i ntenance Fund
Principal ~ Interest Sinkin~ Fund
RP,C~IVAB1ES
--P.e venue Vund
FIXED
R;Venue Fund
I NVt<;WrORY
-Revenue Fund
'I'(yr AL ASS r.:'l'S
$ 2l.1p900049
1"S54oS0
1l;8..Q..oQS5 $ 380335054
L I A. B I L I 'J' I ~ S Ar-.'DS. U R P L U 5
LIABJ LI1'P;S
R~venue Fund
On~ration & Maintenance Fund
TOTAL LIABIIJ~Sg
SURPLUS
~~urplUs ~-' November 1 Q 1958
Add ~ Excess Income Over Expense
Deductg Accounts PAvebJp.
PRESSNT SlffiPLUS
TOTAL LIABI lJ1'I'SS M.IT:l S:iRPLUS
$4100904,,84
72 o2~
$ 21}27S081
190069035
$ 210345o1b
126098
2082S030
387r43300S
3r/,olo31
$432 Q19So26
$410Q977,,08
210218018
~32/)19502~
B A LAN C S S H S S T
V-~. .."'........
()r:'PO"Rr.'p "')1 "il e)~(,:J
~",~~.::::-~" ~ d.1'~~_
irE A l';;;R FUND
--.--.-..---
CI'I"{ elf' EDGEI\!" A TIR!- FLORIDA
-....----........~a:-~___~_n...o~____._____~~.;_~
CASH ON H AND AJ\ffi IN B.~NK
~~on~francr
Bank of New Smyrna- Revenue Fund
Construction Fund
Principal & Interest Sinking Fund
CONSTRUCTION IN PRO'}RBSS
~
'1.'OTAL AS3E1'S
ASSETS
$ 60532.s0
179/)002,,75
_ 16l> 730,,55
$ h~2J.O<;26
_2Cf2 ~265 082
......... .......,..
L I A B I LIT I S SAND SUR P IJ U S
WAr3R R~VENUE CSRTlFICA~~S
METI:R DBPOSITS
SURPWS
tJtil:Lty Taxes
Accrued Intere st
Vacant Lot Tap Ins
Deduct: Interest Paid
TOTAl, LIABILITI"8S ANTI SURPLUS
_04"'___ ....... ..........J~
$ 49210026
7 f)230055
335000
EXHlillT II F If
$ 110775081
90500000
$206::476,,06
201/1997025
$4081'413031
$400,,000000
... . ..... .. ".- ....
'. . .... .. >4"' .'
6",191,,50
2 ",275081
$4080413031
$ 66021
241)628085
205043 $ 24g900..49
2,,825030
B A 1 A ~ G S S H ~ S T
~-.._~....-
OCT01F.:R 31., 1959
. -
~A 'l'~ S YS 'T'SfJ .BE:Bm.r:;; FUt\T"Q
CITY_OF EDGgWAf~9 FLORIDA
1iSS~TS
CASH ON HAND A1'm IN BANK
--cashori..H:~ rrl
Bank of New Smyrna
Bank of New Smyrna = Construction Account
WAT~ CONSm.~RS ACGOUN~ RSC~IVABLR
FIXgn
Water Plant and System
Line 1';xtensions
Equipment
$3800094080
60452..03
886c22
INVENTORY OF nl,ATSRIAIS
--
TOTAL ASSETS
L I A B I LIT I ~ SAND SUR P L U S
ACCOUNTS PA YA :~LE ~ Unrecorded
MSTSR nSPOSI'I'S
R~FUNnARLE L.IN~ EX'rnNSIONS
WATER RSVB~~ C~RTIFICt.TES
TRANSFERS =.Qeneral Fund
SURPLUS
TOTAL LIAEILITISS Mm SPRPLUS
SXHIRIT l! G tI
3870433005
3,,601037
$4180760021
-
L__~_
$;
12 6098
89547015
124020
40011000000
20106051
7,.855037
$418" 760021
BALANCE SHSET
........---....
OE-'I'OB~_1~~lJ5'9,
OP~ON~~J~N'T':;;~:M~~1{) R~PAIR FUND
CI TY OF~ EnGEI1 !l1''m jl 'i?LORIDA
Jl SSE T S
GASH IN BliNK
Bank of New Smyrna
TOTAL ASS~'I'S
LIlt B I LIT I E SAND SUR P L U S
PAYROLL TAXES P.4YARL!'.:
SURPLUS
TOTAL LIABILI'1'I~S A~1) CAPITAL
SY.4ITlIT II H n
$ 1,,554050
$ 1l/554050
$
72024
111482 026
$ le554050
B A LAN C E S H ~ E T
OC TOBER 31'l 1959
- .... .
WATBR R~V~NUS GSRrIFICA~SS PRINCIPAL AND
IN'1'ERSS1' SINKING FUND
=
CASH IN BANK
Ba.nk of I\Tew Smyrna.
TOTAL ASS~'rS
. CITY OF ED,}EWA1'1ffi~ !!PRID~
ASSETS
L I A B I LIT I E S A~ID SUR P L U S
LIARI U'1'IES
SURPLUS
TOTAL LIJ1BIIJTIES ANTI SURPLUS
EXHIBIT It I It
$ llf)880oS5
$ 11,,880055
$
=0=
llf)880055
$ llo880055
CAS H R E C E I P r s A~m D I S R U R S E M ~ N T S
NOV4;'~SR 1, 19?8 to OC'1'2.12!IL3l(l ~ZS2.
WATZR R~VENUE FUND
_3!r OF :SOO'Sl'^TIffi9 FLOR.1DA
BA!ANCE""Uovember 11) 1958
RECEIPTS
.. 'Accounts Receivable
!.~eter Deposits
Less: Refunds
Rc::ful1rlal~le Line E.,-..;:tensions
Connection Charges
Service Charges
Vacant Lot Tap Ins
Utility Taxes
~ Extensions
Miscellaneous
Hydrant Rental
$ 17 ~81~OolO
$ 3D]20000
770...35
2 9349065
124020
2&057...00
455000
190,,00
15" 737.,40
710079
313016
293~5oo.Q
rO'i'AL R'SCEJ PTS
TOTAL TO R~ ACCOUNTED FOR
DIS :<URS SMSNTS
Transfers to Operating & Maintenance Fund
Transfers to Sinld~ Fund
$ lh,oooQOO
14 ,,150000
TOTAL DISBURS~mJTS
BA LANCE TO BT<; ACCOUNTTID FOR
AC COUNTED FOR AS FOLWlfS
Cash on Hand
Bm."t of NGw Smyrna
$ 66021
240628085
EXHIBIT tl J 11
$ 100 742 ~ 76
42 ()102 030
$ 52 Q845 006
280150000
$ 240695006
2406950~
C h S H R S C E I P l' S i1HD D I S BUR S E M .r..; N T S
_.____..._..____...___~..__r___....__..____ .----.,----....-....--....-..
NOV1:i.::'.\TIEFt 1., 1958 to OCTOB'<;R 31" 1959
___a....__._......""_..~;o..1:..._-.~........,_._---------~-~---..
OPE:RATING AND MAIFI'ENANCl<~ FuND
. ..".~_._.. CITL 9Y t.~!~~~? F1ORID~_.___._~.__~___
BALANCE ~ November 10 1958
RECEIPTS
~fer from Revenue Fu.nd
Payroll Ta."I.:es Col1e cted
1983: Payroll Ta.xes Pai.d
$ 1h (>000000
$
478Q46
406022 72024
--
TOTAL RSCF.:IPTS
TOTAL TO B1 AGCOUNT~ ?OR
DISBURSEMENTS
-'h~:ies-& Wages
Social Security Expense
POl'1er
Chemicals
Supplies
Truck Expens e
Repair s &. Replacement
Telephone
Machine Rental
Printing & Office Supplies
Miscellaneous Expense
Insurance
New Equipment
$ 4D784,,03
92052
1,.J.50008
- l~ 005
3,,472042
- v 8024
11008
135087
l"uOOoOO
. 276./74
48 <> 08
202 o4l
886n2~
TOTAL DI5BURSE"~
BAlANC~ '1'0 BS ACCOUNTED FOR
ACCOUNTED FOR AS FOLLa~S
Bank of New Sm~Tna
EXHIBIT tlK tl
$
=0.,..
14 rJ072 024
$ 14 0072024
12 [1517074
$ 10554050
1,,554050
CAS H R F. eEl P 'T' SAND D r S BUR S E F.1 B N T S
~ ~---
---;.-------~.
!iOV~MBER 1~ 1958 to ..9.CTOB~R )10 1~i2.
PRINCIPAL AND IN'Y'SREST SINKI~TG FUND
CITY OF EnG~WATER" FL0RIDA
~-_._~... ........L--.~..
BALIH~':;E '"'" November If) 1958 $ 16/1730055
RSCEIP'fS
_.........~...f>:~
'['r:msfel.~ from Revenue F'und
TOTAL 'PO BB ACCOUNTlID FOR
14 II 150 0 O.Q
$ 309880.,55
DISBUP.S~~P.~NTS
--
Interest
BALANCE TO B~ ACCOUNTBD FOR
195000000
$; 110880055
lI.CCOUN'I'JID FOR AS F'OL.LOWS
Bank of Nsw SmY1~a
~ 1l\,8~Oo55
EXHIBIT 11 l. rl
INCO!-:E
AiI;'D
E X P S N S E
~~~U~Rl...1Jl to OC1'OI3SR 31ft ~2.22
WAT1'.:R FUND
CI TY OF rnGSVf ^ 1'~R ~21:2~n A
INCOME
Water Sales
Connection Charges
S~rvice Charges
Vacant Lot Tap Ins
Hydrant Rental
Misce]~9neous Income
Lintl Extensions
TOTAL INCOMB
EXFSNSE
Salaries & Wages
Power
Chemicals
Repairs
Truck Ex~nse
Telephone
Machir.e Rental
Truck Rental
P::"inting & Office Supplies
Miscellaneous
Insurance
Payroll Tax
TOTAL ~PENSE
N~T PROFI1' FROM OP~RA~ONS
O'I'HSR INCOME AND IDCl'F.:NSE
INCOf.f1j;-
lTtility Ta-'\:
EXP~NSS
- Interest
\I1-r;;'l.' OTIl~R EXPENSE
N":T EXCESS OF INCOMS OVSH EXPBT\SE
EXHIBIT " M Il
$ 200665040
2 lJ057 <:-00
455 < 00
190000
2(._325000
313 <:>1.6
50310079
$ 50303,,03
10285001
165018
17008
8024
186011
700000
700000
276074
48008
202041
9205s
$ 150737040
_19,,000,,00
$ 311)316035
8()984 040
$ 229331095
38262 oW
$ 191)069035
CASH RECEIPTS JWD DISBURSSMSN1'S
NOVr;;MBF.R 1,::..-}9S8~.? OCTOB~]-~ ~2.
cm~.HJNITY CF.I~T3R Ii'UND
BIlL!lNCE ~ p9i' Audit ~ November 1(; 1958
CI17 OF EDnEWAT~t. FLORIDA
~_.*-----_.- -.....--------------
$
410037
RECBIPJ'S
-~ UOi1ations
TOT ilL 'fD ~"S ,!lCe OUNTBD ~'OR
DISBURSEMF;NTS
Water, Electric & Gas
Repairs
Supplies
Service Charges
Janitor
Socj.a1 SacU\~ity
Sink
Kitchen Equip1T:'2lnt
Chairs
Heater
Fan
Humane Society
Miscellaneous
TOTAL DISBURSk,;MENTS
it
193026
549..05
27098
3018
813085
ho 044
87,,25
80cOO
216000
75000
ilOooo
50000
37"OQ
BAlANCE TO R?: ACCOUN'T'RD 1;'()R
Ace OUN'i'1ID FOR AS FOLLOoIfS
Cash 00 Hand
Ban..!c of New Smyrna
$
1010
742098
SXBJ:BIT tI g n
-2.t 6160 72
$ J~027009
$
20283001
"'44008
144008