FY 1952 Audit Report
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~UDI'1' flEPORT
OOT<Blll 'U. 1952
~rrr OP' Et'GEWATmll FLORItlL
MAYOR,
lehn a. Glbba
O~:rJ:.I4!m .
E. P. JU11er
c. c. Sobutter
H.L. Haughtoa
A. Hu-7
..~
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A'ffCIUtIt1
lo)aa CblUOla
prrr CJ..mX1
IraDk F. DlPJ1U'7
AJJD1'1'CIl.
J'nDt Me _ter
r~.....,V" r.:CO"'''''C''D . rC"DTIl:"lcon ol,ar tro ..r~n"""'TANT _ nAVTnNA J:lIF'Ar:.... ~'n~I[)A
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i To tbe HoDorable
I MIqor aud City CouncU.
C1 V of mgewater. Florida.
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FRANK M. GENTER
CERTIFIED PUBLIC ACCOUNTANT
WINGATE BUILDING
DAYTONA BEACH. FLORIDA
NoftmDer 20, 1952
Gentlemelu
I haye eXl!lJ'dDed tbe Balanoe nbeet of the City of lidgevater, Florida as of Oc-
tober 31. 1952 and the related statements of 1ncC1i118 ad surplws for tb.e per10d
tUn adiDg. My ex&m1=t1on wu .a.e in accordanoe vi'h ~ acoepted
adi tiDg .tlD4ar4a. ad aGcord~ bo1u4ed IRlOh tuU of aoCount1ng record.
and 8\1ch other au41tUg prooedurea as I couidered MCeUU7 SA ~ circum-
atu.on.
As a nault of CT work. I au\lmlt urevlth ,be to11.oY1J3a deHr1bed .tatements,
top,Ur vith o~u relat1". tberetoa
xmm1'1' 1\ A " Balanoe Shea'
SCltEDUL'S . A-l · Tu Sale Cert1t1ca\es
SCHEDULE . 1.-2 II F1ud It.aae'a
EXlUBIT . B II Caeh Reoei". aDd D1ab\U'H11l8ata
DllDU . C . .....' .pproJri.,....
CO!lKltH'fS
.,. .-.1 ._ "1&'1... to tbe 1-. t.D the h)~ su... l'8l1t11; 'A-, tollow b
the OI'4el' of ...... a:ppea:ru.ce tbeN1D. J
pASJi Qf BAlm AtIn IN BAR!: - $9.0.S...
CUA OIl MJI4 .. ..,.U1e4 ., utu1 OOWlt- CM~ 1&'" of .... SIqI'Da was noon-
QUAId 117 ....lUDa 'baok bel-rut.. with ~ 1dIIMl- tM'MDk .ta-..nu. tile
caD _laM .. ot c...... 31, 19.52 ...laW of 11M tol1.owia&'
CUh _ BaD4
BaDk ot ... aqAM
$ ~.IS
9.061.1i1
'1'OUL
$ 9.095.38
~ ouh recelpta are traced In. tbe ceah boOb _ late tbe bank. ':be c....
oelled "fOUChers were 4!l7P{bftd b1 .. aDd ~e4 into __ proper account. and ex-
..t~ tor atbDriMd .t.pa....,
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I The Bank of New Sm1rDa placed $10,000.00 Series lIB' freaaurl Notes of 1955. bear-
'I iDs 1 ,I. perea eat lnteru'. in eal'01f .. collateral at b Ob.ue National Benk
01" New York Clt7 to paraIl'ke t. UUOImt of the C1"'_
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RF;CIq'V.ItBU.S - $1.020.48.
'1b.e -.x aa1e nnWeate. 1D the amount of $894.13 were 1DapeoW and reooucUed
with the &eDeral ledpr aocount... All re4emptlC1D.8 were clusit1ed 88 to proper
7"" 8Dd traced into the oas1\ bon aDd. dellDquent tax registen, aD4 are classi-
tied taT par or ....U1DIJIlt OIl Schedule 'A-ll1.
u,t cleaning lias in the .....t of $126..35 are old lieu aDd DO ~t8 lumt.
ben recelWd OA tMe aOoouia.' 111 . number of 7t!'.arB. It Is auag..w that the
Cl t:r au.thorize the cucellatlOD of these liens.
~lfl'S .. $1. ~,<<m.
'n1e v. s. ~t Bcm4e. Serlea .'lII, Ccapr1l1ing th18 aceount are carrle4 em tbe
... at! O'oat, plu aeorNd !a_reat.,: 'l'be bonde .. 4..cnDed 8' follows.
na. of lienal
Ie,.. ~... 'J1MIf'lIRtfttlU.OIl .iUl ~~tt ...
0..-.1' 1'~ ~ $1,000.00 $ 140.00 $ _14.00
DM.-.r 1944- M9S0302F 1.OOO.og 7110." J..QA
. TOl'AIS $2,000.00 $1'480.00 $i.T1S.00
l "Ir ~ -"-"..
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DODd. will nack tbail" _turl t1 roue Welft ;year. tl"CI& 4ate of 1.ea1w.
J'1XI1) .. .O.~'i.~'f
!be tlu4 un'. are UJl'rie4 _ * Mob at ooa' ana ftJllNllB' tJIe ..pltal ......
of .. 01.. M4ltlcae 4v1D& tM .....t 7UI" fIN .. toUen. .
POUGB ~
J'or4 ._
$1.'1,.00
1IU PJtPptMD!'
F1re lfrwak Owlll.
2. ,,112.qp
'1'<71'AJ. ~ !UR0J4lq~ maIm CUlmJIft' PlRIOD $,."5.00;.
Ma.
Polioe Radlo paro.baae4 la prllYlcu .,... and DOt N' u.p OIl ...
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$4.365.00
PJ4B I 2
....AN..... ",...NT"" . CE..TIFIED PUBLIl'~ ACCOUNTANT. DAYTONA BEACH. FLORIDA
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'I' The depo.lt of $50.00 YU JII84. with the Cl'T of New SIqraIl Besoh, Florlda and
I vas glYeD .. a guarantee tor PI1JD8llt of tire call. .-4e b1 tbe Clty of New I;
., Bmtrna Beach fire department. !be UIOWlt ls retwldable vheA semoe i8 dia-
I coat1m&ed.
I forec1oaed proper'Y 1n tbe 8IDC\mt ot $164.28 18 tbe b&laace of land toreclosed in
. 1939 b7 tbe town. '!'here vas no ob.Imgc. 1D this .aowut durlng the 7ear.
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,I $
! 1fI'l'mtOLDIm '!'AX.. 29.20.
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I Yl\hUldiDa taxe. are tederal 1Dc~ tau. wi t!meld tna alarl.. aDd wage. of
01. V eap!07H. 4\U'1Dg the .._ 01 CotoMr 1952. Tale.. ___ ere ~ltl. ~ the
'D1reotw of Iaterw Rnenu dul. tb.e _th of laaa&17 1953.
LIABILITIES NfD SURPWS
"SURP111S . $ta."",.
IU II1II'p1wI acoODt npre.eats the ac... ot tbe 01"". UM. Oft!' tbe 01'7'.
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l1l&rt.Da .. O'UftJlt JUr. tM 01'" ~~,... a ..., ebartel- o.leaiJaa 1'. t1..~.,..
.. o.t 00... Jl. 1952.. VMel"" 0J4 fIltaner .. ,... of, .....tIer. nori.4a
o1oH4 1ta tiMal par ae...... :JO. ....,..... tile 11-'" ........ et ...:nU..
...... .. .'11 JlD1lt1u -al uA 'c. ..... tU a thlr.... .-aa ,.node Qa AugUt 14.
19.52 be 0... CGuol.l a40pted Or41uM. I2J IF'm"_,. .. .......' to tAlr_.
,=:-~-:.:':.. -:.=:: == .. T:: :~~T~~ ,ra.::.:-::.. ~::~~
.. .... total approFlatt... !f $J1'~,107"O triI ~ '~ _tu .......j. !be
total .,..uWNa ..".. $24.130..19" upUdl...';1a ..._of appropria't.eu of
$1.922.69.' , , '" ' .
It wU1 __ ....... M4I~"". ..t tu ........ or tM tin ... aaa .. )011.
roz<< ....a ,lie onr-G;JlM41 tv.. " .~~~; .
Altw'vp tu o1.U'k ... aa "'!a" ot ......". tft tJIa ........, pat: tu ala...
40 ., alaov that t... ..ts.-w NH.1... Wh atop'" .,. tu Co..U 'oPther wl.
tM lMtpt appropriatiou. Seottaa/68 of tM CIIafteio ~.. tlaat .. o1erk 0aU
JlftPU. .. .ftftu~l ..t__ of r.oeipb ad upd41tI&rN a1I4 it 'ill ~.".ted ,bat
..,laW l'Meav.ea aDd estimated .xpea41tur.. ahaU lie ta _l..e 8Dd _ adopted.
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rn A""'''' r:~""T~~ . ~s::'QT'~'i='n PIJALIC A~C(,)UNTANT . DAYTONA BEACH. FLORIDA
.=-=~-''"'r=.'---
_.- -~'-:::=:-.=-:-===-=-=-::= -:;::. .:....-;.."":'::-=-:::-=-=:_-_"":"-_-:::-..=..==. -:-::-:-;---=::::::::::::;:-=--~ ::-:.~:. -:---":::=-:=:-:-==-_-:-:-::'"":"':-::"_~=::"""-==:::-:-':.==--=::-::=~:::~::'-_-:::""7___ . ..=
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Ii In rq op1n1on the aocOJDpf)n11Dg balance aha., and related statemeats ot 1noame
II and B\U'plU8 preaeat fairly the !iDanc1el post tion of ,be C1 t7 or Edgevater,
II Floride at October 31, 1'.52 and the results of 1ta operations tor the tA1rteen
mtatha period the tm4ed. in ccratormlV with general17 aooepte4 aocOWltlDs prln-
oiplea app11e4 OIL . heals consisteDt vi th that ot tbe preoe41Dg year,
CERTlrICJ.1'~
RuJIMttu11.F a'bm1 ,ted,
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J'1Wm Nt! C:EZi'rER, 0_, p" A~
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t"DA.....W".... ~~NTI::'P . CF-RT'F'F:n PUBLIC ACCOUNTANT. DAYTONA BE:ACH. FLORIDA
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._ '_~_'_~___'_'.___. ._.___._ ....._ n..___. _.__.... ._____
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BALANCE SHEET
~m n. 1<<152
cr.r.x Oli' EOOEtl.A'1'fIl. .FLORIOA
,ASSETS
C~ ON 1WW AND IN BlINK , I'
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I $ 27.8.5
I Cash oa Bend 'I
Bank of New ~ 9.061.5~ $ 9.095.38 I:
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I' RroBIVABLES
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I, tj.la Sale Cert11'lca'te8 (Scheclule A-1) $ ~.13
I 1.0, Cl~l. Uene . ,'5 1,020.48
IllfV~B.l) 1,715.00
i U. s. Goftr~, load. - Serie. r
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jl FIXED (Sobedule ~a} 20.~.O3
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l: Depos! t - Ql. td New ~ Beaoh $ .;0.00
" FoJ-ec10Hd Property 16~~28 21Jl.2$l
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[' 'lOrAL ASSm'S $ 32.UO.l1
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~IA'I~ITI.a ~ SURPL"
wtmiOLOIllJ .,~
$
29.20
SURl'1JJ1
SV);Jlu Ce1JDbcr 1, 1951
A44. ...a"u..... ~
M.tu--. .. SIl1e Cen1thatH
$ 28,11)_61
$ 4.365.00
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a.. 1'19..'1\
$ 32."'."
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m!SmT SURP.WS
12.~.f1
'l0l'AL LIABILITD1S .AND SURPWB
$ 32.450.11
BltulB1'l' · J.. ·
SQIiE.ilJLE II A_1 ·
'&:"'bAMV U t':~"'Ts:"D . t""'~DT't::"lJ:'n I=I"A' ,,.. A,-~n"NTANT . nAVTONA RF.ACl-4. FLORIDA
-':
FIXED ..ASSI:~$
~c,rOBER ~.. 19~2
CITI OF' E'Gn:w~'l'ER.. FLOllJDA
I'l'l\'M
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I! Road Machinery
Mape
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i: Furn1 ture and Fixtures
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Real Eatate
Shell SUeets
I Strand Roe4 JUl
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~tla Ugh'.
Pollee Depu-tment Equi}llD8t\ t
Small Tools aDd 1418oellanoous Equ.1p1ellt
Fin DepU'tlmeJ1t Equipment
street SigJl.a
Reat It~
PJ.auroU84 EqulplBllt
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SCREDULF. · A1-2 ·
I'""'A"'..... r:"'NT"'" . cr;..TIFIED PUBLIC ACCOUNTANT. DAYTONA BEACH. FLORIDA
--______ - ,__..______~____.____._.__.__._______,__._____ _n.______ .__..__.____..______
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CASH RXCE1PTS ~D D~SBURSEMEn15
OC~(BBR ). 1951 arc OCTOBF.R 'U. 1952
ern OF EOOEW.ATER. FLORlOA
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$ 9.201. 9
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I Balance as per awU t September 30. 1951
! R.WltIPm
I CUrrent TaD.
I Dill1JU1uDt 'faD'
II Hltbhc1.d1nt: Tu
ii' BUS1De1l8 U.oeDMa
Wiu and Beer Lt.e.naes
I Uq:uor Lie......
.taterut OJlD.l~t Tram.
I nus eD4 Forte! WrN
he.
UTILl'ft ~
Eleotr1o
au. '
,~1e'~
C1prette Tu
!Jag 1'ap
BuU4lBg PerJdta
6" Rebate OAJU.eovtclty (1I'ranc1l1S6 Tax)
I Electrio and Pl~1Dg Pend t8
FoU1ng Booth Bental
MlaeeUaaeou
$ 446.0'
.317..s0
1..000.00
$ 3.J51.~
1.801.08
h&.. 10
I'~ UCClm ~;;;i'.
fOfAL TO BE AD'6ccDr.r&1 lOR
'Jt '::'1."',1.,,\;-.,,'
stHe" IlD4 __t~.
S..e' uPUac
Salari..
x..,.l ... ~ti_
ott1Ge .......
'I.nP cwata
ftre De......
Pollee _,..,.l Tat
~
Repdn
.... ..,.... ~u.. '. Pngna
Ct.. of ... s.,ru. Beaok- MwniaS.D&
....11aeoukJ*1M
wttaolUDa 'fa
Bad Check - w. B. MeJ:t.rteu
. TarAL DISBURSIiMElftS
BA.LA.NOB
ACCClUtiJF.D YOR .1;3 FO~
Cuk on Bu4
Banlrct1'fevSmlnaa
EXHIBIT · B ·
~ 4..339.30
490.6S
280.80
l'r'J:U
6.~o.oo
)4.25
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J:'~ANN" M ~F='NT~P . CI='DT'F'Fn PUBL'C ACCOUNTANT. DAYTONA BEACH. FLORIDA
BUDGET APPROPRIATIONS
ACCOUNT
!!~
!I smEE'l' I~ll'll
L
Ii SALARIES
unAL ARD ~J.~OIS
Cil'FICK IX~
EMD1I1Jm'
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IPO~BDEP4RfJ.'MEft
d
II~ED~
..
'fo.w.B
OC'l'CBl1:R 1. 1951 1'0 oo~m 11. 1952
ern or EOOEWA'l'ER. 'LOn~.t.
APPRO-
mIATED
$ 2.166.67
1.408.33
6.045.00
2.16&.61
1.JS4.17
2.166.61
5t416.66
1~~.q1
$ 21.801.50
IDIIDED D zmlSS OJ' BU1'>>m'
mtPBNDED
UNEXPmlDE;)
~E:
.=-=.". -" ~",h,
OVER- .
EKP1iNOE~)
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$ 1..3l2 .22 $
1.390.87
6.841.36
911.80
1..201ltOS
,..56,.s,
8.609.60
JSn.ao
8.S4.laS
11.41>
$
BOa."
1.1"..81
15,.12
a,9.9,.
1.391.22
3.192.94
$ 24..130.19 $ 2."'9.83 $ 5.m.,52
:0..807.50 2.h69.~
$ a.922_6, $ 2.922-"
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~nA"'" u r.!1="~TI="D . t"'"l="oTlt:'Il="n PURI'~ At;'r:nUNTANT . nAVTONA R~ACH. FLORIDA